Evening Star Newspaper, July 24, 1936, Page 16

FINANCIAL. NEW YORK CURB MARKET I]E["REASE SHUWN Autoists Pay TRADING IS BRISK IN CURB STOCKS Specialties, Mines, Oils and Investment Company Issues Advance. Ev (k¢ Associated Press. NEW YORK, July 24.—Specialties, mines, oils and investment company issues advanced briskly in the Curb market today. Up fractions to 4 points or so were Aluminum Co. of America, Bunker Hill & Sullivan, Creole Petroleum, Gulf Oil, Lake Shore Mines, Bridge- port Machine, Pittsburgh Plate Glass, Teck-Hughes and Union American In- vesting. Associated Investment jumped about a point in early dealings, but gave up its gain. Fractions to a point or so down were Electric Bond & Share, Fansteel, Cleveland Electric Tlluminating and Northern States Power “A.” BONDS ON THE CURB MARKET. DOMESTIC BONDS. High. Alabam Pow 4'as ' Alabama Pow Alabama Pow Alabama Pow 3 1+ hais fogis Ya 103 ' un; 6238 13Y% $ 0414 10474 10414 0312 103% 10312 0012 1001 um‘; 031 2103 45, Cent Sta Elec As St El o € 101% 1||1’, um», 231z 9% 64 |m‘alln‘-1“1’! 812 Gulf St Ut Gulf 8 Ut Hall (WF) 5las Hotel Waldorf 7s ‘34 Houst Gulf G fls A '4: Tiins Cent RE 5 b ¢ et R 1033% 105% e Tt Sl 10410 10414 10134 10114 9714 07 Indiana Srr Indnn P&L Int Pw_Sc 75 Intern Sc Am - j0%1% 10R1% 10818 T 11218 11215 119% D 06ta 98 = lwun“'.n"!' 7 u'r!. 107% 140 2.3 n"~ s PaL, S P&T, 4128 A Tenn F1 Pow As Tenn Prh Ser Texas Elect R4 " 8 2 1153 115% 253, 322 X [igoreeey 332323%’2 23503 333533 > 3. c E 3 & Wes 5 84" an3, 03% weyTex 3o 4 105% 105% 106% FOREIGN BONDS Cuban Tobac 5s "44_ % Ger Con Mun 7s 44 26 26 28 xw—Without war- When issued. st (stp)—Stal S Negotiabinity impaired by maturiy. SBOB.T-TERM SECURITIES. (Reported by Chas. D. Barnsy & Co.) Be r fis 194 Aoy g 10t Atlantic ning fornia P: :kml fil )filn Californ (fl. % 0. b 33_ ) & Tel. Tadiede Gas Light 58 18 e i Y Cosl 55 1048 janisy |'a"cn 41038 Penna. R?l;’ Gr. WCE‘CH’I 45 1930 Sou, Bac. O CaUE, Sadl \V‘l‘;‘llh 'fiw’ YSo Bs 1930 w me§ nl'fll ]9- 9 Westers Sanion Tel 5: 193 U. S TREASUBY NOTES. (Reported by Chas. D. Barney & Co.) Bid. offe 102 106% Dec.’ 1 5. 15. 15. 15, 18, 15. 15, 15. 15. 18 15, 15, 15. 1%s June ‘Tampa Electric Co.—Common share earnings, 12 months ended June 30, was $2.23, against $2.14. » By Private Wire Direct to The Star. Stocks and Sales— Dividend Rate. Add 00. Aero Supply (B) . 13 Ala Gr Sou (al}) 25 Ala Pwr pf (6)___ Alabam Pw pf (7) 270s Allen Indust (1) .. 1 Alum’n Co of Am_ 1008 Aluminum Co of Am pf (1%)_ 1508 Am Capital (B) - Am CitiesP& L (A) (3)_ Am City P&L (B). Am Cynam B 60c . Am Equities b15c. Am & For Pw ww._ Am Fork & H (1) Am G&E (1.40)___ Am G&E pf (6).-.126s AmGenCorp .. 10 Am General pf 2% 758 Am Hard Rubber 508 Am Laundry(40c) 1 Am Lt&Tr (1.20). 13 Am Maracaibo __. 6 Am Superpower _ 24 Am Superpwrpf_. 1 Apex Elec Mfg__.. 2 Arcturus RadioT. 8 ArkNatGas ____. 4 Ark Nat Gas (A)_. 28 Ark Nat Gascupf 6 Art Met Wks60c_. 1 AssoG&E (A) - 8 Asso Invest(111;)150s Atl Coast Fisher . 1 Atlas Corp (a40c). 39 Atlas Corp war___ 10 Atlas Plywood __. 4 Austin Silver_ 1 Auto Vot M('fioc) 2 Ax-Fisher(3.20)A 60s Babcock&Wil (1) 300s Black & Decker___ 2 BlissCo (EW)___ 6 Blue Ridge Corp . 3 1 2 4% 613 61% ny 12 8035 82 23 23 13534 13634 us 3% 1 High. Low. Close. 4! 33 1s 1 Blue Ridge cv pf 3 Blumenthal S____ Bohack (HC) 1st pf (12%) - Bower RollB (1) 5 2 Bridgeport Mach_ 50 BrillCorp (A) . 2 Brillo Mfg (60c) . & Brit-Am Tobacco reg (a757-10c). 1 Brown Co pf_____100s Buckeye P L (3) 100s Bulova W cv pf___ 50s Bunker H&S 2__.150s ButlerBros _____ 6 Cable El Prod vic. 4 CanIndus AlcoA- 1 1 1 108 Can Marconi Carman & Co B Carnation Co (1)~ 2 Caro L & P pf (7).100s Carrier Corp 27 Castle(AM) &Co 3100s CatalinCorp . _ 32 Celanese pr pf (7) 258 Celanese 1st p£(7) 508 Celluloid 1st pf 4 10 Cent&SWUHI - 4 Cent States Elec.. 20 Cent States Elec conv pf (new) 1008 Cent States Elec 6% Pt ________ T6s Central States Electric 7% pf_ 1508 Central Pipe 40c _ & Charis Corp(133) 1 Chi Flex Shaft 125508 Childs Copf____ Cities Service. Cities Service (B) 4 Cities Sve pf(BB) 208 City Aut Stpg 60c. 15 ClevElecIllu (2). 2 Clev Tractor_____ 1 Club Aluminum _. 7 Colt'sPFA (1%).. 8 Columbia Gas & Elev cv pf (5) Columb Oil & Gas Columbia Pic (1) 25s Com'with Ed (4) 2 Com'with & S war 15 Community P L 1stpf___ 268 303 Communit WatS. 2 1% Como Mines u8 Compo Shoe Machste(50c). 6 14 Consol Aircraft. 20 Consal Copper— 5 Consol Gas of Balto (3.60) ____ Consol Retail Stores 8% pf (14) Cooper Bessemer Cord Corp.__ Cosden Oil Me (d) Cosden&Me pf (d) Crane & Co Creole Pet (a25c) Crocker Wheeler_ 1y Croft Brewing __ '\. Crowlev Milner __ % 6% Crown Cent Pet ‘ Crown Cork Intl (A) (£1) Cueno Press (2) _ Cusi Mex Mining . Davenport H (1) - Dayton Rubber __ Derby Oil& R ___ Derby Oil&Ref pf 12! Detroit Gasket(1) Detroit Gray Iron Foundry (20c) Det Pap Prod t25¢ Dictograph(alic) Dist Ltd a28 1-10c Doehler Die Cast_ Dow Chem (2.40) _ Duval Tex Sulph._. Eagle Picher Lead (al0c) FEastn G&E Asso _ East'n Gas & Fuel Assoc pf (6) East'n Gas & Fuel prior pt (412) Eastn States Pwr. Eastn Sta Pw () Eastn Sta Pw (B) Easy Washing Mach B (150) .. Edison Bros(1.60) Eisler Elec Corp__. Elec Bond&Share . Elec Bd&Sh pf(6) ElPwr Associates Elec Pwr & Lt optional war___ Elec Pwr & Lt 1175s108% 3 4 403 115 % 93 87 97 155 4% 235 1115 32% 2434 15% 1035 k] 165% 1314 4 69 18% 16% 854 18% 25% 34% 114 5% 1% % 1508 253 Elec Sharehold’g- Emp G&F 7% pf__100s Emsco Derrick(1) 1 Equity Corp 36 Ex-Cell-O Air & Transp (aléc).. 2 Fairchild Avnew. 7 Falstaff Brewery_ 14 Fansteel Metal __ 2 Ferro Enamel (1) 1 Fidelio Brewery__ 5 Fisk Rubber__ 3 THE EVENING D"Ifllnd th Afld 00. IntlUtI (B)-___. 4 Interstate Power (Del) pf___. 608 Inv Rny&lly(llh) as Irving AirCh (1). 4 Jersey Cent P& L 5%% pf. - . 2008 Jersey Cent P& L pf(6) ___ llDl Jonas & Naum __ % | Jones &Laugh Stl no- Kansas City Pub Sve vt pf A Kingston Prod . Kirby Pet (20c) . Kirk L Gold (a3c) Lake Shore M (4) Lakey Fy & Mach. Lefcourt Real pf_ Lehigh C&N(30c) Leonard Oil . Lion Oil & Re Lockheed Aircraft Lone-Star Gas 40c Long Island Light Loudon Pk n t50c- La Land (40c) - Lynch Corp (2) McCord Rad (B) McWms Dredg(4) Mangel Stores pf_ Marion Steam Sh_ Mass Util Asso. Massey Harris___ Mead John (13) Merch & Mfrs (A) Merchants & Mfrs part pf (2) ____100s Mich Gas & Oil-.. 2 Middle States Petrol vte (B)__ 3 Midl'd Stl Prod(2) 2 Minn Min&Mf(11)200s Mohawk Hudson 1stpf (4) 9508 Mohawk H 2d pf __100s Molybdenum Corp 11 Monroe Loan Soclety (A) asc Moore Dist (150c) | Mount Prod (60c) Mueller Brass 80c. Nat Bella Hess___ t Fuel Gas (1) Nat Gypsum (A).- Nat Investors____ Nat P & Lt pf (6) 200s Nat Rubber Mach 88 NatSugarNJ (#) 1 Nat Transit (75¢). 2 Nehi Corp._ U New Brad O al0c 2 N J Zine (12) N Y Merch (12)_ N Y Pw&Lt pf (6) 108 N Y Pw&Lt pf (7) 108 Niag Hud Pwr___ 8 Niagara Hudson Pwr (A) war___ Niagara Hudson Pwr (B) war___ Niagara Shares (Md) B (al0c) . Niles-Bem-P a50c Nipissing (a50c) . Noma Elec (a40c). 8. wRanwSomwS nwm N ng (a25¢) - ovadel Ag (2)_. Ohio Oil cu pt (6). Ohio P S pf A (7)- 908 Okla NatGasCo__ 1 Oldetyme Distil_ 3 Outboard Mot (A) 1 Outboard Mot (B) & Overseas Seca25e. 1 2 Pacific Eastern___ PacificG& E 1stpf (1%) .. 3 Pac PublicSve___. 7 Pac Tin spec (12) 100s Pan-Am Air (1)~ 1 Pantepec Ofl___ __ 27 Param’t Motors 1 Pennroad (b20c) 50 Penn GEE (A) 112 2 Penn P& L (7)___ 908 Penn Salt (13)____ 268 Pepperell Mfg(3). 30s Phoenix Secur____ 5 Phoenix Secpf A3 1 Pie Bakeries(60c) 8 Pierce Governor 2 Pioneer Gold Mines Ltd (80¢) .. __ 2 Pitney Bowes 40c. 3 Pittsb'gh Forging 10 Pitts & L K 1235 1408 Pittsb’gh P G(72). 8 Potrero Sugar.___ 7 Powdrell & Alex _ 2 | Power C'p (Can) _ 1008 Premier Gold t12¢ 27 Prosperity Co (B) 10 Prudential Invest 1 PubSvsindpf_ _ 408 Pub Svs Ind pr pf 120s Puget Sound P &L pf (5) Puget Sound Pwr & Lt $6 pf 2508 Ry&Lt Sec(a2sc) 150s Rainbow Lum (A) 1 Rayethon Mfg 1 Red Bank 2 Reed Roller { _ Bitnew (i80c) 1 Reeves (Dan) 50c. 1 Reiter-Foster ___ 1 5 1 1508 Reynolds Invest Rice Stix DG b56c Richfield Oil of Calif pf (d) __. Roosevel#Field Root Pet'm(a25c). Rossia Intl Corp - Royal Typewriter. 7 | RustlessIr & St1_. 12 | Ryan Consolia'd . 1 Saf Car H&L (4)_ 1868 St Regis Paper 40 St Regis Paper pf 4008 Scranton Springs. B Water pf__ Secur Corp Gen_ Segal Lock & H. Selected Indus. Seton Leather Shattuck Den Min 27 Shawinigan Wat & Power (60c) . Shenandoah Corp. Sherwin-Will (4) - Sher-Will pf (5) n Sonotone (asc)___ So Penn Oil(11%) Southn Calif Ed part pf (1%)__ Southr'd Roy 40c__ Spanish&Gen rcts Spencer Chain Stores (60c) 4 Square D pf A 2.! Stand Oil Ky (1).. 7 Stand Oil of Ohio. 1 1 1 1 5 16 4 Stand Pwr & Lt__. Stand P& L (B)-- Flintkote Co (1) 10 FlaP&Lpf ____. 60s Ford Motor (Can) A (a75¢)- & Ford Motor Ltd (al81-10c . .. 1 Froedtert Gr & conv pf (1.20)__250s Gen Alloys_______ Gen Electric Ltd reg (a56%c)__. 4 Gen Firep'f (40c). 4 Gen Out Adv pf__. 26s Gen Pub Sv pf t5_. 50s Gen Tel (a25c)_, 12 Gen Tire & Rub__.150s Glen AldenC (1).. 4 Godchaux Sug(B). 6 CGrand Nat Films.. 87 Great Atl & Pac Tea 1st pf (7)_.150s Great Northern Paper (1)____100s Greenfleld T&D__ Gulf Oil (1) Harvard Brewery. Hudson BM&S (l) Humble Oil (1)__. Huyler’s of Del Hygrade Food Hygrade Syl (l)_.lool I P&L6%pf___ 508 111 Pw&Lt $6 pf__.1700s Imp Oil Ltd coupon (t50c)_. 2 Indiana Svc 6% pf 70s Ind Service 7% pf 20s 263§ 25i IndusFinvte ____ 1 Ins Co of N Am(2)300s Intl Hydro Elec Systemevpf __ Int Mining (60c) - Intl Mining war __ Intl Petro (t1%). Intl Products.__ Stand Sil&L (alc) 1 Sterchi Bros. 3 Sterling Br(al0c). 15 Stroock & Co a76e. 100' Stutz Motor. Sullivan Machine_ l Sunray Oil.. 45 Sllnlhina Mi Am Elec pf. Ml Swlll Oil (t20c) - Taggart Corp____. Talcott (J) Inc 5%% ptpf 2% . Tasteyeast(Del)A Taylor Dist (b5)-. Technicolor Inc__. Tech Hughes t40e. Texas Gulf Prod.. Texas O&L (60¢)- Thermoid Co pf__.300s Tob Prod Ex(10¢). 11 Todd Shipyard (2)150s Trans-Lux Daylite Pic Sn (20c) . Tubize Chatillion. 4 Tubize Chatl (A)- 1 Tung-Sol Lampn_. 7 7 2 1 Twin Coach (a20¢) Un Am Inv (a50c) Union Gas of 0c). Unit Air wa: Unit Corp war.. Unit Gas Corp... Unit Gas C war. 3¢ | Unit Gas Corp pf_ Unit Lt & Pw (A)_ Unit Lt & Pw (B). 'Unit Lt & Pw pf__ 34 | Unit Profit Share_ 34 | Unit Shoe M 123% _2508 USFoil(B)(60c)- 2 US & Intl Secur.. 1 U S & Int Secur 1st pf ww $1% _ U S Lines pf 2 2 2 u T 13 33 1 L 1 1 27 3 9 1 38 104% 11234 15% Okla Nat Gas pf__1000s 32% 61 15% 2% L] ©5 104% 11234 15 % 3834 11014 1083 1234 3034 6% 1535 2 64 “ 323 7% 394 514 5 IN CARLOADINGS 0.5 Per Cent Drop Is' Re- ported by American Rail- roads’ Association. NEW YORK, July 24—The Asso- ciated Press seasonally adjusted weekly index of freight carloadings, based on 1929-30 as 100, declined today to 73.9, compared with 74.7 the previous week and 60.9 a year previously. ‘The range of recent year: 1936 1935 High 747 711 Low - Wy the Associated Press. The Association of American Rail- roads reported today loadings of reve- nue freight for the week ending last Saturday totaled 720,402 cars. This was a decrease of 3,922 cars, or 0.5 per cent, compared with the preceding week, an increase of 127,730, or 21.6 per cent, compared with a year ago, and an increase of 104,362, or 16.9 per cent, compared with two years ago. The week's loadings of various classifications, giving comparisons with preceding week and correspond- ing week a year ago, follow: This Lest week. Misc freight__ 284,222 —-3 018 Less than ci —2,644 +1,132 +2.306 2266 - Pitney-Bowes Postage Meter Co.— Declared & quarterly dividend of 10| W cents on common stock, payable August 15; previously 8 cents a share was paid quarterly on this issue. Stocks and Sales— Dividend Rate. Add 00. Utah Power & Lt Pt (32,33 1-3) - 1008 Util Pwr & Lt 2 Util Pwr & Lt pf_ 3508 Utility Equities. 2 Utility & Indus___ Utility & Indus pf. Venezuela Petrol 134 Voght Mfg Co (1) 24 Waco Aireraft. ... 4 Wayne Pump - 3344 W Va Coal & Coke 3% ‘Westn Air Ex(n) - 9 Western Auto Supply A (3) - 49% West'n Md pf % Williams Oil-O Matic (a25c) . 4 14% Woodley Pet(40c) 3 8 7% T4 Wright Harg f40c 10 8§ 8l 8% Dividend rates in dollars based on ’A.x:‘ High. Low. Close. mon it 28% 45 % 3% 7 % 14 4% al T 1 muhud divident b Paid last year. dCompanies repor! in receivership or being reorganized. STAR, WASHINGTON, D._C. FRIDAY, Over Billion By 3 Taxes The American Petroleum Insti- tute reports the three major levies cost American motorists $1,111,- 890,690 in 1935. Motor vehicle registration fees and related items cost $322,766,536; State gasoline taxes were respons- ible for an additional $616,851,671, and Federal gasoline taxes added $172,262,483 to the total. Washington Exchange SALES—AFTER CALL. Capital Transit Co.—5 at 17%. ‘Washington Gas 6s B—$500 at 100%;. BONDS. Amer, Tel. & Tel. 4% (R ytel 225, S 53335-%03 S S3533FFR2S & Chevy Chase Club 8% Col. S Club 84337 W M Eold Btorae s STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (9) 170% Capital Transit Co. 17 N. & W. Steamboa Bot. Elec. Po;‘&n% ptd. @ 1%». I8 45 M)Y (.’!. 111% i ‘!0 3 3 El 600 Wash. m. lz ElL nm. ® 110% BANK AND TRUST COMPANY Amer. Sec & Tr. Co. (10) . 285 265 31D g Bz 2=5m80 R, “3To2S3TwH Carpel Corp. (1. Lanston Monotype (4 Mersenthaler Linotyve Peoples Drui Ter. Ref. & & 52 deu h Loth. ‘com, "(11.507 85 Loth. ofd. (7)--. 120 mmumun@ a—4 Der cent extra. . DISCOUNT RATE SAME. NEW YORK, July 24 (#).—The Fed- eral Reserve Bank of New York an- nounces no change in its discount rate of 17, per cent. Virginia Iron, Coal & Coke Co— 1. | Deficit, six months ended June 30, 4 was $81,055, against deficit of $20,605. TRADE ADVANGES ARE ENCOURAGING Retail Distribution Broadens Industrial Indices Point Generally Higher. By the Associated Press. NEW YORK, July 24.— Most branches of trade progressed ener- getically this week, aided by broaden- ing retail distribution and active preparations for Fell, according to Dun & Bradstreet. More comfortable shopping weather was reported. “Most of the wholesale markets were crowded with buyers,” the agency stated, “whose orders were more gen- erous than since 1929. As fewer schedules were abbreviated because of the heat, factory operations were widened, with heavy goods divisions the strongest factor in maintenance of the higher Summer level.” Industrial Indices Higher. Industrial indices generally pointed higher, the review said. Electric out- put, bituminous coal production, steel operations and freight carloadings were among others forging ahead. Lumber production expanded 10 per cent. “The return of more normal tem- peratures,” the report declared, “was accompanied by a decided rebound in consumer buying from the rather re- stricted - proportions during the heat wave of the two weeks preceding. Interest was extended tu a wider variety of merchandise, which in- cluded more house furnishings, furni- ture, hardware and groceries. “Stocks of women'’s sportswear, cot- ton dresses and men’s light - weight suits nearly were cleared at some stores. Dry goods received increasing attention as did millinery.” Retail Distribution. The volume of retail distribution for the country as a whole was estimated to have exceeded the same week last year by 12 to 18 per cent. Percentage increases in the more important geo- graphical regions follow: New England, 15 to 20; East, 12 to 17; Middle West, 18 to 22; Northwest, 12 to 15; South, 15 to 18, and Pacific Coast, 18 to 25. The review said orders booked for Fall merchandise ranged from 20 to 35 per cent over the comparative period in 1935. Increased prices or immi- nent upward revisions were partly re- sponsible for the generous covering of furniture, hardware, some textile lines and groceries, the agency said, 24, 1936. MONEY RATES. NEW YORK. July 24 (P.—Call money steads: 1 per cent ail Time merclal paver. 3. *oor cem u steady: Gays-6 months: offered: bankers acceptances un:hnn( rediscount rate. New York Reserve Bank. 1’2 per cent. FINANCI New Wheat Is Produced By Drought CHICAGO, July 24.—The same burning sunshine which brought drought and heat disaster to Spring wheat flelds ripened a strikingly superior grade of wheat elsewhere in the farm belt, the board of trade disclosed today. ‘This wheat, Axel Allman, acting chief grain inspector of Illinois, said. had been coming to the Chi- cago market from Illinois, Towa, Indiana and Nebraska, with heavy shipments received this week from Kansas. “This grain is much superior to any received last year—perhaps for several years,” Allman said. “Under the hot sun it ripened faster and contains more than the usual number of hard, vitreous kernels.” —— 'RECOVERY-RELIEF Outlay by Federal Government Down 10 Per Cent in Last Fiscal Year. By tke Associated Press. NEW YORK, July 24.—Recovery and relief spending by the Federal Government dropped 10 per cent in the fiscal year ending June 30, com- pared with the previous year. De- clines were spread widely over the items listed in the daily Treasury statement under this heading: 33 out of 58 showing a decrease over 1935. Slower spending in the larger cate- gories, suchasthe P.E. R. A, A A A and R. F. C,, was offset by the hrger flow of cash !rom the W. P. A, Com- modity Credit Corp. and the Resettle- ment Administration. Comparative recovery and relief ex- penditures follow: Fiscal year ended June 30, $3,290,927,869. Fiscal year $3,656,529,671. Fiscal year $4.002,397,771. Fiscal year $1,276,795,623. NORFOLK AND WESTERN 1936, ended June 30, ended June 30, ended June 30, By the Associated Press. Western Railway Co. has awarded or- ders for 1,000 steel box cars, it was an- nounced today. ‘The Ralston Steel Car Co. of East Columbus, Ohio, will build 800, with the balance divided between Greenville : | Steel Car Co. of Greenville, Pa, and | Magor Car Corp. of Passalc, N. J. STABILITY For over three-quarters of a century the Aesociations of the District of Columbia Buitding & Loan League have given their members steady and profitable returne om their savings. For SPENDING DROPS 1935, | AL. NET GOLD IMPORTS ARE $510.23,000 20 Different Countries Ship Metal During First Half of 1936. By the Assoclated Press. The Federal Reserve Board reports net gold imports to the United States in the first half of 1936 amounted to $510,289,000. Twenty different countries shipped $536,692,000 to this country during the period, which was partially offset by exports of $26,423,000 to five countries during the same time. Beneficiaries of American gold dur~ | ing the period were England, France, Netherlands, Canada and Central America, all of which contributed to American stocks during the six months. | Of total imports, Prance supplied $341,231,000, or considerably more than half, followed in order by Brit« ish India, with exports of $32,508,000, and Canada, with $26,212,000. FREE booklet explains how your savings | “here are INSURED 1934, | 1933, | ORDERS 1,000 BOX CARS | NEW YORK, July 24—Norfolk & | | An Insured 'ndyhlhon John L. Weaver, President | Edward K. Jones, Secretary | ‘Washington Bldg. Phone DI. 9486 over three-quarters of a century they have aided home owners and prospective home owners in building. buying, helpful relations with your neighbors, your fathers and your grandfathers. These Building and Loan Asscociations have given STABILITY to tens of thowsands of refinancing and renovating their homes . . . long years of friendly and families. Stability of income through the saving plan . . . stability for the family through home ownership at minimum cost. Here are the roots and foundations of society. Here are the practical ideals of every member of the District of Columbia Building & Loan League. More than any other word STABILITY describes the Association members of the League, for they are essentially aseociations of families with a commeon ideal. Through this mutual, cooperative idea each fami ownership and, in turn, secures the same benefits. The members of the Leagne are not private hanking honses. Each imetitution is composed helps its meighbors in achieving the goal of home of thousands of individual home owners and savings members banded together in a eoopera- tive emterprise for mutual benefit. Visit the member neavest yom, enjoy the help and understanding thet go hand in hend ‘with permanent. ..stable methods of heme finawcing sud investing savings with safety and profit. Members of the District of Columbia Building & Loan League AMERICAN Organized Aug. 6, 1874 300 Pennsylvania Ave. S. E. ENTERPRISE Organized Mar. 9. 1892 Seventh St.and Indiana Ave. N W. BROOKLAND Organised Feb. 10. 1890 McLachien Building CITIZENS EQUITABLE Organized April 30, 1883 1207 Wisconsin Ave. N. W, COLUMBIA Oct. 8, 1907 Orgeanised 716 Eleventh St. N. W. COLUMBIA PERMANENT ized Jan. 1, 1 Organ 903 733 Twelfth St. N. W, DISTRICT Organised Feb. 1, 1911 1 Thomas Circle EASTERN Organized Feb. 1, 1889 336 Pennsylvania Ave. S. E. EQUITABLE CO-OPERA‘"VI Organised Nov. 17, 915 F St. N. W HOME Organized Jon. 1, 1864 2006 Pennsylvania Ave. N. W. NOME MUTUAL Organised No. 1, 1897 631 Pennsylvania Ave. N. W. INTERSTATE Organized Aug. 9, 1932 Washington Building METROPOLIS Organiszed Dec. 17, 1866 201 Pennsylvania Ave. S. E. 7 Redources overn MUTUAL Organized Nov. 7, 1892 306 Seventh St. S. W. NATIONAL PERMANENT Organized Oct. 1. 1390 949 Ninth St. N. W. NORTHEAST Organised Sept. 22, 1916 2010 Rhode Island Ave. N. B NORTHERN LIBERTY Organized April 1, 1891 511 Seventh St. N. W, ORIENTAL Organized May. 1861 600 F St. N. W. PERPETUAL Organised May, 1881 Eleventh and E Sts. N. W. WASHINGTON PERMANENT Organized April 14, 1381 629 F St. N. W. $105.000.000 Membership over 122,000