Evening Star Newspaper, June 20, 1935, Page 19

FINANCIA BONDS REGISTER IMPROVED TREND Many Secondary Obliga- tions Wipe Out Losses of Fractions to Point. By the Associated Préss. . NEW YORK, June 20—The spec- ulative division of the bond market met some pressure in the early trad- ing, but its action improved con- siderably in the final hour. Many losses running from frac- tlons to a point were erased, and moderate net gains were established dn loans of Southern Pacific,~Great Northern. Southern Railway, Balti- more & Ohic and International Tele- Pphone. - Missing the rallying movement, obli- gations of Cleveland Union Terminal, American & Foreign Power, Chile Copper, Ontario & Western and In- ternational Paper ended at declines. United States Governments showed & couple of minor gains, but the major trend was down, with final losses running from two thirty-seconds to eight thirty-seconds of a point. ;WashinE;rE;hange AFTER CALL. City & Suburban 55—$1,000 at 87, $1,000 at 87, $1,000 at 87. Potomac Electric 6% pfd—5 at 110%. Capital Transit Co.—25 at 18%, 15 at . 18Y%, 25 at 18%j. Capital Traction 55—$1,000 at 96Y. Washington Loan & Trust Co.—7 at 200. B Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Yos_ An el & Tl 4'# . Pow. Cons. Potomac Elec. 6s Wash. Gas 55 19 Wash! Gas 5s 19 Wash. Gas 6s. _serie: ‘Wash. Rwy. & Elec. 4s. MISCELLANEOUS. Barber & Ross Inc., Glas 73 . M. Cold S'crlxc 5! STOCKS. PUBLIC UTILITY. Amer. Tel & Tel. (9)_ Gavital Transit Co & W. Steamboat (5 Pm b d. El Wish: Gav 1r 3. Wash. Ry. & El com. (12) Wash. Ry. & EL pfd. (5 ‘TRUST COMPANY. Amer Sec. & Tr. Co. (8)___ 196 Natl. Sav. & Tr____ Wash. Loan & Tr. SAVINGS BA! Com. & Savings (6)____ 7 FIRE INSURANCE. remen’s (1 National Union (.60} TITLE INSURANCE. lumbia_(.30) al Estate (6 MISCELLANEOUS. 1_Corp. (1.60) Loth. ptd. (7)o—- vidend. +55 Cents extra. at. ———eee INSURANCE STOCKS 'em:w Y&R}(. Juze 20 & —New York " Association: curity Dealers Bo A Aetna Cas (* Aetna Fire (1 3410 Aetna Life' (.60) " 242 Agricultural (3) 83 Am Ins Newark (2} 13% BONDS ON By private wire direct to The Star. Approximate Transactions Today. LIBERTY. High. Tow. Close. 4th 45 1933-38..102 10129 10129 4th 4% s 33-38 rg. 10127 10127 10127 TREASURY. 27%8 1966-60......10119 10112 101 14 35 1946-48. 88 1951-55. 3Am 1946-4! . 10613 1067 1067 3145 1944-46 reg.. 1064 1064 1064 3348 1940-43 June 108 1R 108 13 10818 835 1941-43 Mar, 10818 10813 10818 3% 5 1943-47. 10719 10719 10719 3% s 1946-5 1108 1107 1108 43 1944-54. 11128 11122 11122 4148-3%81943-45 10620 106 14 10616 4%81947-62..... 11625 11624 11625 FEDERAL FARM MORTGAGE. 2% 194247, 1015 1018 1013 .10212 1028 10210 . 1029 1024 1026 HOME OWNERS' LOAN. 258 1939-49. 10023 10017 10019 3s1952.... 48 1951.. .1002 1001 1002 FOREIGN BONDS. zsu 26% 98% Abitibl Pa&Pw 58 '63 Akershus 5863 Antloquia 7s 45 Antioguia Antioquia 1st 7 Antioquia 2d Antioquia 3d 7s '57 Argentine 6s 59 June Argentina 6s '59 Oct. Austrian 7s ‘57 Batavia Petr 43;s°42. 113% 113% Belgium 6s * + 105 104% Belgium 6%s 49 + 107% 107% Belgium 7s « 114% 114% Belgium 7s 5 + 106% 106% Bergen City 55 '60. 991 Berlin 6s 5! 23% Berlin Elec 6%: 27% Berlin El1 Ry 6 4% Bolivia 78'69.. 6 Bolivia 8s " 8 21% Brisbane 55 57 Brisbane bs '58 Brisbane 6s ‘50 Buenos A 6s 61 st Pv Buenos A 614s'61stPv Buenos A C 6%s '55.. Canada 4s'60. ., Canada 68°53. ... Cauca Valley 7 Chile 6s°60. . Chile 6s ‘61 Jan Chile 6s ‘61 Febr. Chile 6s°61 Sept. Chile Mtx BK 6862, Chile Mtg Bk 6%s 67 Chilean Mun L 7s '60. Christiania 6s'54.... 1 | Colombia 6s 61 Jan Colombia 6s "61 Oct.. Col Mtg Bk 75 "46.... Copenhagen 4%s '53. Copenhager 6s ‘52 . Cordoba 7s ‘57 stpd... Costa Rica 7s 51 A May coupon on.. Cuba 5%s '45. . Cund'amarca 6%s 59 Czechoslovakia 8s '51 Denmark 4%s 62 Denmark 6s ‘42 Deu Bk 6s°35 ct Dominic 2d 5%s '40 Elec Pow Ger 6%s 50 El Salvador 8s ‘48 et. Finiand 6%s '56. French Gov 7% Gelsenkirchen 6s ‘34. GerCBk A 65'38.... Ger C Bk A 65 '60 Oct 3% 37T% 3 3 1025 102% 178 178% 68 68 36% 28% | Ger Prov & City Bk con Ag 61s ‘58 Ger Gen El 68’ Ger Gov 6% ‘6! Ger Rep 7s '49. 364 nzh 112% 112« 8Tl 87w 9%5 95 351 354 102 102% Grt C El Jap s *44. Harp Min 65 '49 ww.. Helsingfors 6%s '60. Italy 78 '61. . be HalCrd P W 7s 37 A Ital P U Crad 7s '52. 264, | Japan 6%s 66. Ins e bre (411 S patie (1 60) & Rut 1 S0a H:memi’lre Sec 5 jome 1 Homestead Fire (13 nnwln Pire .. ylfl PFire (2 Nayl Liverty () Pire (1.15) RNor River l'elerx 116, S PFire (*1.50) Westchester (*1.2 sincluding extras. hr thi NEW YORK BANK STOCKS NEW YORK. June 20 (P.—New York Becurity Dealers’ Association: ‘Quotaticns as of 2 o clock) Bid, ik of Man (1'%) 21 ankers Tr (J Bkiyn Tr (4) Gen Han Bk & It (8)_. Chase Nat (1.40) Chem Bk & Tr (1 Oommercm (8) Cont Bk & Tr (.80} D Ex Bk & T (3)- Asked. dl xm“& Unitea st Tr 70 P hcluding ext FEDERAL LAND BANKS NEW YORK. June 20 (P —Federl Land bo (Quctlunnl as of 2 ol:loral) T Bi% io U. S. TREASURY NOTES. (Reported by Chas. D Barney & Co0.) oo 2 ol ~ L Japan 6%s ‘54 Kreu&Toll s "59A efs Lombard El 78’62 Medellin 6%s '54. Merid Elec 7s '57 Met Water 5%s Milan 68 ‘52 Sept coupon off.. Montevideo 7s 52 4 | New So Wales b6s New So Wales §s Nord Ry 6%s '50. Norway bs " 106% 106% 103 108 9% 964 Rhine W E1 P Rhine W EI P Rhine W EI P Rhine W El P 78 °5 Rio de Jan 6%s ‘63 Aug coupon off, . Rio de Jan 8s'46 Aoril coupon off. Rio Gr do Sul 6s 68, June coupon off. . Rio Gr do Sul 78 '67 Rio Gr do Sul 83 46 April coupon off. July coupon off. . Saxon Pb W 7s 45... Su.xon,sl Mtg T8 °45.. Serbs 8s '62 unm ¢ on Shin'su E1 P 638 '62. Uligawa B P 7s Uruguay 6s 60 Uruguay 6s Vienna 6s 52 May Warsaw Ts 68 Westphal El P 8% | A T&S Fe 4348 % | Childs & Co bs '43 BOND AVERAGES Compiled by the Associated Press. Net change Today's close Previous day . Month ago Year 8g0 «iaves 1935 high . 1935 low 1934 high . 1934 low 1932 low 1928 high ‘Today's close . Month ago . 1935 high . 1934 high . 1928 high . (*) New 1935 high. Low. Clo: Am T&T 4%s'39 muu 107% unu Am T & T cl tr b8 '46. 109 109% 1094 Am T & T deb 68°60., 113 112% 113 113% 113 113% 112% 112 112% 104 103% 108% . 109% 109% 1098 1081 107% 108% A T&S F RMt dv4s'65 103% 103% 108% At1&Ch A L 5s'¢4... 105 108 .WB At Coast L 1st 45’62, 91% Atl Coast L cit A T&S Fe adj A& T&S Fe gn 'll Atlantie & D 1st 4 43 Atlantic & D 24 45’48 Bang & Aroos s 'l Bang&Aroos ev Bell Tof Pabs'48 B,. Beneficial L 6s Beth Stipm Bos & Me 4% Bos & Me bs 67 ‘Bos& NYAL 5 Bot Con M 618 '34 ct. Bklyn Edis 5s'49 A.. 109 Bklyn M T 55°49 A... 1054 105 Bkiyn M T 6s 68 A... 107\ 107 107% Bklyn Un EI 68 50... 108% 1084 108% Bkiyn Un Gas 53 °50.. 105% 105% 105% Bklyn Un G 58 °57 B.. 110% 110% 110% Buff R&P con ¢3s 67 63 61% 61% Bush Term 1st 4s'52. 80% 80 80% Bush Term cn 68 '65.. 42% 414 41% By-Prod Ck 5%s'45.. 83% 834 834 Calif Packing ks *40.. 104% 1041 10414 Calif Pet 6s '3 10135 101% 10135 Calif Pet db i\fil Camag S 7s 42 ctfs... Canada Sou 6362 A.. Can’dian Nt R 4348’51 Can’dian Nt R 43’66 Can’dian Nt R 4%s'67 Can'dian Ry 4%s '56. Can'dian Nt 5569 Oct Can‘dian Nt R 6870 Can‘dian Nr db 78 °40. Can’dian Pc dbdsperp 9% 110% 111% 112 110% 110% 114% 114% 117 - 117 117% 117% 106% 106% 8% 88 103 103 100% 100% 100% 111% 111% 111% 104 108% 103% 110% 110% 110% 34% 344 4% 108% 108% 108% 2 20 20 10 10 10 10% 10% 10% Cent Br U Pac 4s'48.. Cent Dis Tel 68 Cent of Ga con Bl 45. 102'4 102% 102% 851 IWV. IWK 100% T6% 4% 6% 106% 106% 106% 104% 1043 104% 110% 110% 110% 110% 110% 110% lll 11 m 43% 44 m’m 107 107 107 107 107 109% 109% 109% 106 104% 105 11% 11% 9% 9% 106 26% Chesap Corp u'fl. . C&O4%s’93 A C&O04%s'95 B C&0 R&A 1st 4s'89... Chi & Alt ref 3s ChiB & Qgen 4858, ChiB&Q4é}s 71, Chi B& Qref 6s'71.. Chi B&Qldl'l% 9 CM&StPgn 4%s°'89C CM&StP 4¢%s'39E... CM&StP 68 76... CMStP&P adj u:ooo Chi & NW 418 2037.. Chi & NW 4%s 2037C. Chi & NW 4¢%s Chi & NW gn b3 81... Chi & NW rf 65 2037. C & NW Nr W flfil‘ll 0. 48 47 42 108% 1087% 108% 107% 107% 107% 99 y8Y 98% 106 106 106 65% 624 65% 94 93% 93% 106% 106% 106% 9% 95 95 70% 69 70 104% 104% 104% 90 Chi& W1b5%s'62.... Chile Cop deb 55 °47.. CinGasEl 4s'68 A... CCC&StL gen 4s ‘93 CCC&StL rf 4 %s'17E CCC&StL C div 4539 CCC&StLCW&M4¢s'91 Clev Un Ter 4%s'77. Clev Un Ter 68’73 B. Clev Un Ter 648724 Colon Ofl 6s ‘38 Colo Fuel & | 68 Colo Ind el tr 5 Col & So 4%s '80. Columbia G & B 98% 108% 63% 83 28% 62% 8% 87% % 8T% 8T% 1 106% 106% 106% 103!0 103% 3% 83 23% 621 10815 108 105% 106 105% 105% 105% 106% 106% 106% 92 9ln 92 102% 102% 102% . 100% 100% 100% 49 48% 48 106% 106% 106% ConGNYdbs Consumers Pw 112% 112% 112% 107% 107 107% 109% 109% 109% 105% 105% 106% 106% 106% 106% 98% 98% 98% 4% T4% 4% 101 100% 10L 9% 19 % 65% 64% 66% 65% 641y 64% 56.. 117 117 117 Erie Pa-col tr 4s'51.. 105% 105% 105% Erie&Pitts 3%s 40 B Fed Lt & Tr int bs "43 q 282922929 RZ2Z22222 PRIDIT DD 4] £ 1932 low . Gulf Sta Stl 5348 "62. Har Ry-P C 15t 48°64 Houston 011 & Hudson Coal Hud & Man inc Hud & ref 111 Bell Tei bs 111 Cent coll tr s 111 Cent ref ¢s "66 111 Cent ¢%s ‘66 Inland Stl ¢ %8 int R T st rf b 1nt Gt Nor Int Gt Nor 1nt Gt Nor a Int Hydro £1 1nt Mer M Int Rysof CA It T&Tevelks 3. Int Tel & Tel 4 %862, IntT&T6e " KanCFS&M4s'36 Kan CF&M rf4s’'36efs KanCP& L 4%s 61, Kan C Sou 1st 38’6 Kan C Sou rt in 6 Kan C Ter 1st ¢3°60.. KanG& E 4%5'80... Keith 68 '46. Kelly Spr Tire . Kendall 53%s 4¢3 ww. Ky&Ind T 4%s Kings County Elev 48°49..iuiiiann Lack Stl 1st 68’50 A. Laclede Gas 6339, Lacle Lake S&M So 3348’97 Lautaro Nitr Leh Val Coal Leh Val Coal Leh Val Coal Len Val Har L& N 6s 2003 L &N At K&C M’Cro'yS 6%s'41flied. McKess& R 6%s Manhat R 43°90. Manat! Sugar mod T%s ‘42 ctis stp.. Marion St Sh 6s Met Ed 1strf ¢ Mor & Esx 3%s 2000., Morris & Co 4%s39. Murray Body 6%s 43 NatDisPC 4*/.!'65.. Nat Steel 45 65,0000 Nat Steel 6s ‘56. . 22ZZELLZEL L ZZLLLZ 2 E"“":*‘“"““%;;; pEyiTEERIEe [ M ?igflflii LEL Nor'n Prc 4%8 3047, Nor'n Pac 58 2047 D.., Nor'n Pac s 3041 Nflluruurdu Low. Close. 5 95 93% 93% 964 97 89% 40% 30 304 82 &3 + 108% 108% losu 0% 'II 66% 0% 82% 64% 69% 68% 106% 106% 105% 105% 106% lObh 90 1% ba% 0% 107% 107% 107% 103% 103% 103% 80% 102% 102% 106% 106'% 101% 101% 67% 6T 1014 101% 9 b B8ly 634 ] 99% 40% 4% BT% 8% 49 49 115% 116% 121% 121 104 104 103% 103% 117% 117% 0% 72 111% 111% 107 107 101% 101% 1081y 10834 105 108 106% 106% 956% 95% V% Y1 9% 66 56 .66 2 101% 101% 101% 105% 105% 93% 93 4% M4 9% 104% 104% 104% 109 109 109 llJOK 100% 100% 103 102% 108 105% 105% 105% 63% 63% 121 58 12 101% 101% 101% 59 59% 69% 681 69% 68 67 68 108% 108 108 66 66 66 51 51 61 107% 107% 107% 37% 46% 10% 90% 45 % AT% 109% - 109% 109% 111% 111% 111% 84 82% 22% 22 82% 106% 106% 106% Un 5%#'74. 106 106 105 . 8% 8% 8% . 1m 9% 9% 85% 89% 112% 112% 112% 3 B8% 58w 58% 49 35% 34% ;: 103 Pillsbury F1 M PCC&StL 4%s’42 B.,. 111% 111% 1113% PCC&StL 414377 C.. 106% 106% 106% PCC&StL 6870 A.... 113% 118% 113% PCC&StL 68 '15 B.... 113% 113% 113% PS&LERRColstss’40 114 114 114 8 A 66% 56% b56% Pitts&WVa 4148’60 C 574 56% 57% B. 116% 116% 116% 67% 66 67 3.. 304 29% 29% Pressed StIC6s'33.. 46% 46% 46% « 106% 106% 106% 107% 107% 107% 107 107 107 1014 101% 101% 102 101% 101% 93% 93% 93% 97 A. 106% 106 97 B. 106 106 106 Rem RA 6%s '¢TAww. 103 102% 102% Rep 1 & St16s°40.. 106% 106% 106% Rep 1&Stl 5338 63 A. 103% 103 103 Revere Cop&Br 6s 48 108 107% 108 Richfield O1l 65°44... 31% 31% 31% ‘ddcfs 31% 31% 31% RGWistexin4s’'39 81% 81% 81% RIA&LIst4%s’34. 12 11 12 StJo Ry L T&P 6837 1034 103% 103% St L IM&S R&G 45°33 70% 68% 70% StL-SF4s'50 A PubSEI&G 4¢%s 7! Pure Oil %8s ‘37 LY bR EELL] C 6837 ‘ld SL4%s 41, 3 cER ran Schulco 6%s "46 H st Seabd A L ref So Ry gen So Ry 6%#s ‘56 Southw Bell Stand OiI N ¥ 4% Studebaker ev 6 Tenn El Pw 68 ¢ . Term As St L 4358’39 Tex & P MPT E’Al‘ld Third Avref ¢s 60... Third A ad in ex 5560 TolStL& W ‘Trumbull Stl 6s 40 UnEL&PG6a'ST UnEL&Pb5%s Unit Biscuit 1063 106% Unit Drug 90 93% 94 86l IEV, 87% Utll P& L 68’69 ww. Ut P& L6%s T... Vanadium cv 68 41.. Ver Sug 18t 78 '43 :fs Va E&P 1st rf 65’66 A Va EI&PwWr 53%s '44.. Va Ry ist6s'62 A. 42 45% 81% 9% 107% 107% 112% 112% Wabash bs 76 B. Wabash bs '80 D. Wabash 24 bs l’ 107% 107% 119% 119% 81 81 120 120 106% 1064 95% 94% 9% West'n Md 634s°77... 100% West'nNY&P gn 48°43 106% West'n Pacbs 46 A.. 33% West'n Pac 58" A as. 33 1% 91% 89% 90U 101% 104 103% 108% 99 98% 99 Wilks B&E 1st Willmar S F Wilson&Co 1 Wis C 1st gen Youngtn S&T ba'70 B 94 Youngtn S8&T 5sT8 A 983 934 93% Life Insurance Of Virginia Votes 75-Cent Dividend By the Assoctated Press, RICHMOND, Va., June 20.—St. George Cooke, secretary of the Life Insurance Co. of Virginia, today an- nounced that a quarterly dividend of 75 cents a share will be paid July Three other firms which hold mem- bership in the Richmond Stock Ex- change have announced dividends payable July 1, Henry C. 8. Patter- son, exchange secretary, said. They are the Riverside and Dan River Cotton Mills of Danville, which will pay $3 a share on preferred stock to holders as of recortl June 20; the Savings Bank & Trust Co. of Richmond, which has declared s 75-cent dividend aggregating $6,000 to stockholders of record June 18, and the Bank of Powhatan, at Powhatan, oA largest 4| St. Louis, Kansas City, Omaha, San Gains at Leading Western .and Southern Centers Push Up Total. By the Associated Press. NEW YORK, June 20.—Bank clear- ings again are higher, due, in large part, to the gains at some of the lead- ing Western and Southern centers. ‘The total for the 22 leading cities in the United States for the week ended ‘Wednesday, June 19, as reported by Dun & Bradstreet, Inc., was 85,899 - 502,000, against $5,583,962,000 for the same week of last year, an increase of 5.7 per cent. This contrasted with a gain of 39 per cent for the preceding week. At New York City, clearings were $4,012,- 796,000, an increase of 3.5 per cent over the amount reported last year, while the aggregate for centers outside of New York of $1,886,706,000 was 10.6 per cent higher. Heavy income tax payments swelled bank settlements both this year and last. Not in six weeks have clearings been so high. Only in four other weeks this year has the amount ex- ceeded that for this week, twice early in March and twice in May. The total for the outside centers was in excess of every week back to the first week of January, 1932. With the larger settlements due to income tax payments, clearings this week were in excess of those for the preceding week by $1,122,724,000, whereas for the same two weeks of last year the increase amounted to $984,580,000. The increase was the this week at Philadelphia, Pittsburgh, Chicago, Detroit, Cincin- nati, Baltimore, Atlanta, Louisville, Francisco and Portland, Oreg. Figures at leading centers, showing | increases and decreases compared with those of a year ago, are printed here- with; also daily bank clearings for this year to date: (Totals in thousands.) Week Jung 10, 19 Boston ___ Philadelphia Buffalo _ Fitisburgh Cleveland .. Louisvil'e Minneapolis _ Kausas City Omaba — - Dallas 8an lennKrn 8 CHICAGO LIVE STOCK. CHICAGO, June 20 (P (United States Department of riculture )-—Hoes, 9,000, :‘Q‘mam‘d’ m:iu 5 to 15 higher S ood and e ote light weight. .75 edi me 5. md and choice, 100-140 pounds, iy 8.000: calves. 1.5 fed nun and yearlings, ad weak: much less lcuu than Wednesdl)‘ Mfld-lnl wetk to 25 lower on common and medium kinds; attempting in most in- stances to erase Wednesday's upturn: éarly top weighty steers. 12.25: few loads, 10, 212.00: lower grades. §.50 down to 7.50. with plain grassers to 6.00: all she stock steads: bulls unchanged and vealers strons | ew i to 25" higher 00-1,100 1.300 Dnunds on I | 7.00a8.00: common and medium 3500700 low Cutterand. o ter. 3.00a4.50: good (beef) 6.0( and medium. 4 m... cholce, 7 5040 and com: uiter, common ullers 0od and “.uuunt 75: common and Y ctive. yearlings _and Spring Tambs steady 1o strong: svots shade hisher. shorts considered: na- tive springers upward t S Treely ‘fo ail H;’lereau ;ll‘h 890150 snlrlnlly for rings: 7 medium. 55087 35: | 0 pounds. good and choice. , Feisnts, common and me- Fidelity Building 610 13th St. N.W. over WISV every Sunday at 1:30 P.M. bulls (yearlings excluded). | | May Operations Go Below Aprii and Figures for Year Ago. By the Associated Press. ‘The cotton spinning industry was reported today by the Census Bureau to have operated during May at 83.4 per cent of capacity on a single-shift basis, compared with 85.3 for April| this year and 98.2 for May last year. Spindles in place May 31 totaled | 30,585,726, of which 23,027,780 were active at some time during the month, compared with 30,770,400 and 23,853,- 816 for April this year and 31,029,950 and 25,891,366 for May last year. Active spindle hours for May totaled 6,095,334,830, or an average of 199 hours per spindle in place, compared with 6,057,601,513 and 197 for April this year, and 7,279,092,293 and 235 for May last year. Spinning spindles in place May 31 in cotton-growing States totaled 19,- 345,786, of which 16,830,156 were ac- tive at some time during the month, eompared with 19,359,838 and 17,- 022,690 for April this year and 19,- 343,014 and 17,671,210 for May last | Active spindle hours in cotton- growing States for May totaled 4,716,011,029, or an average of 244 hours per spindle in place, compared | with 4,616,397,412 and 238 for April | this year and 5390,565,608 and 279 | for May last year. Active spindle hours and the aver- age per spindle in place by States follow: Alabama, 479,249,805 and 250; Georgia, 853,177,434 and 253; Mississippi, 40,920,656 and 177; North Carolina, 1,355,536,858 and 221; South | Carolina, 1,567,507,102 and 268; Ten- | nessee, 178,522,063 and 279; Texas, 30,- | 592,808 and 118; Virginia, 171,008,- 945 and 261. | —_— NEW YORK BAR SILVER. NEW YORK, June 20 () —Bar, sily ver steady and unchanged at 72. LOANS il ot %l eim ST at 5% D. F. McCONNAUGHEY LOANS §1.80 e Bt E;¥/é¢;i’ Real Estate Mortgage and Guaranty Corporation 1610 K St. N.W. Phone Nat. 1408 | (Listed on N. Y. Stock Exchange.) | NO BONDS NO PREFERRED STOCK One of the lowest priced listed stocks paying and earning its dividend by a wide margin. Report on Requelt RobertC Jones¢ (2 Shorcham Blda. Met 2972 “Complete Investment Service” LOANS ON HOMES District of Columbia and nearby Montgomery County, Md. Mnn!hly Payments American Pneumatic Service Co.— Postmaster General has recommended | a $1,750,000 limit price for Boston and | New York tube systems. ‘ DIRECTORY | COMMODITY | 1 BROKERS COTTON N _Y. Cotton Exchange & Co ....DL 2258 o o 0 GRAIN Members Chicago Boud a! hlae Harriman & Keech Laidiaw & Co. Westheimer & Co. L) RUBBER—HIDES METALS—SILK Members Gommod.!t) B&h Harriman & Keech Member Laidiaw M ORTG A G as Low as $7.50 ».r *1,000 No Commissions No Renewals COLUMBIA BUILDING ASSOCIATION 716 11th St. N.W. Member Federal Home Loan Bank System and D. C. Building and Loan League E L O A N § YOU CAN FIGURE ACCURATELY the ret our urn from an investment in FIRST MORTGAGES —because the interest is fixed throughout the entire period covered by the mortgage. an advantage. That’s The ample se- curity of principal is another. May Forty Years from $ of Experience First Mortgage Investments 'PRQPERTY be purchased in amounts 250 up. B. F. SAUL CO. REAL ESTATE National 2100 925 15th St. N.W. MANAGEMENT BUY YOUR ANNUITY BEFORE JUNE 29 Rates will be increased after that date $1,000 Purchases Woman, Age 60.... Woman, Age 70.... Man, Age 60. Man, Age 70. Life Income for ..$ 77.94 per ++.104.38 per v+ B6.66 per ...120.34 per year year year year Rates for other ages quoted on request. Refund and Joint Life Annuities also sold. NATIONALLIFE Established 1850 WM. C. WORTHING' JOHN H. SNYDER, 917 15th St. N.W. Make Your More INSURANCE CO. OF VERMONT 'TON, General Agent Production Manager Phone Nat. 0382 THE FIDELITY BUILDING & LOAN ASSOCIATION T ke Institution of Service Savings Profitable! “The Fidelity” Offers You Both Safe Saving and Increased Profit! @ “The Fidelity” invites you to open a Sav- ings Account and join with the many thou- sands of far-sighted men and women, whom we are serving, and who always find here a friendly spmt of helpfulness and co-opera- tion. @® TAX EXEMPTION: Your funds a7t_e exempt .from Personal Intangible We Pay 5% Compounded Semi-An: on Savings nually from the date of payment to the date of withdrawal