Evening Star Newspaper, February 25, 1937, Page 21

FINANCIAL U.S. BONDS SCORE AGTIVE RECOVERY Rally Follows Treasury An- nouncement of March Note Financing. Bond Averages 20 10 10 Rails. Indust_Util. Net change_.Unc. +.1Unc. ‘Today noon. 97.3 103.9 101.5 Prev. day-.. 97.3103.8101.5 Month ago. 97.8 104.4 102.0 Year ago. 93.5103.7 101.6 1937 high. 99.0 104.4 1028 1937 low. 97.3103.8 1015 98.2104.4103.1 8691018 99.3 458 400 64.6 42. 101.1 9891029 100.5 10 Low-Yield Bonds. Noon ...1109 Prev day.111.0 Month ago 112.6 Year ago. 111.3 1937 high_ 113.7 1937 low_. 110.8 1936 high. 1135 1936 low. 110.2 1928 high_ 1044 1932 low. 868 (Compiled by tne Assoclated Press.) BY the Associated Press. NEW YORK, February 25.—A brisk rally in United States Treasury obli- gations today followed Secretary Mor- genthau's announcement thc Govern- ment would restrict its March 15 financing to refunding a maturing $500,000,000 note issue. Many bond men had looked for a moderate-sized offering to raise addi- tional cash, aside from refinancing. The Treasury’s plan to obtain $500,= 000,000 we_kly through increasec bill | offerings wi: greeted with relief in a market which has been very wobbly sin the Reserve Board boosted re- serve requirements of member banks a second time. ‘Top-grade corporate bonds were in- vigorated by the upturn in the Gove ernment list and rallying power was stimulated after yesterday’s sharp sell-off. Second-grade rails also re- covered, aided by favorable carloading figures from individual roads. e INVESTING COMPANIES NEW YORK. February 25 (#).—New York Becurity Dealers’ Association. (Noon quotations.) Bid. Admin Pd 2d Inc 2 Am Business Shrs Am Gen Eq Inc Am Ins Stocks Ban er Blair Group Shrs ers' Nat Inv Corp lnduxtry Broad St In Bullock Pund Corporate Trust Corporate Trust A A Corp Tr A A mod Corp Tr ‘Accum Ser Corp Tr Acc Mod (‘unullu\e Tr Sh Depos Bk §h N ¥ A" Bebos Tns Shrs A - Depos Ins Shrs “ E" Diversified Tr C Dividend Shrs Eaquity Corp $3 pf Fidelity Fund Inc Co Asked. 21,56 1.43 1.28 [ Group e Group SQC IHVES! Shrs Group Sec Merchandis @loup B¢ peiroleum . Group Sec Fetrol Group Sec R R Eauip Group Sec Steel Group Sec Tobacco Holding s Maryland Funi Mass Invest Tr Mutual TInvest Nation Wide Sec Natlon Wide_Voting hrs North Am Bond Tr :m Nor Am Tr S| Nor AT A Nor Am Tr Sh Nor Am Tr Sh Plymouth Fund Inc Quacterly, Income Sh. Selected Am S| griccied Am Sh 1ne Selected Cumul Sh Sciected Income Sh circted Tndus = Spencer Trask Fund - Stand Am Stand Super Super of Supervised Shr, Trustee Stand Inv Trustee Stand_Inv usteed Am Bk B’ NSteed Industry snrs ellington Fund - —_— DIVIDENDS ANNOUNCED NEW_ YORK. February 25 —Dividends deciared (prepared by the Standard Sta- tistics Corp.): . Passed. Pe- Stk. of Pay- Rate. riod. record. able. Bartford & Conn West- ern R R 2% gtd = Extra. 50¢ - Regulas Am Box Board Am Box Board p{ Electric Auto-Lite Haverty _Furniture. Holland Furnace $5 New Jersey Zinc 2-26 170e @ e 10c $1.25 ¢\ 50c @ of Hnm! Fire & Marine - Nt Brewertes 50c @ Nat Brewerles 7% pf 44c @ Vnn Normln Mach A 40c s NEW YORK BANK STOCKS NEW YORK, February 25 (P).—New York Becurs Seaters " Assoclation: (Quotations as of 2 o'clock.) Bid. Asked. k of Man ___ _ 38 40 T irst. Nat (Bos) First Natl Guaranty Tr Irving Tr Manufacturers Tr _ anufacturers Tr pf atl City z Trust blic = itle G & T 38 18% CHANGES. BONDS ON N. Y. nymnumamumam. TKEASU 2%8 194963 e 23,8 194547 3% 8 1948-51ceee 2% 8195164 caue 2% 1956-59 2%s 1950-60-———c 38194648 cocane 381951-55 —comn Bths 1946-49_____ 3148 1949-53. 3181941 3% 1944-4 3335 1941-43 Mar. 3% s 1946-56 o 1944-54 108, fltl 1947-52 3181964 _ 21,8 1942-44 2%s81939-49 38 1952__, Abitibl Pa&Pw s ‘63 Antioquia T8 45 A. Antioquia 78°45 Boooo Antioquia 78 45 C-... Antioguia 78 46 D. Argentine L%s 62 Argentine 68 ‘57 Argentine 6858 B Argentine Argentine 6s "60 Sept.. Argentine 6s ‘60 Oct_.. Argentine 6s '61 Febr._ Argentine 63 °61 May.. Australia 4%48'56._. Australia 5. '51....... Belgium Belsium 78 55 Berlin Elec 6128'51 Berlin Elec 6%s 59 Brisbane 68 ‘50 Brazil 648 '26-'57 | Brazil 6% 8'27-"67——ee | Brazil 75’52 | Brazil 8s 41 Buenos A C 3s "84, 6 April.. Bue Al 4%58-4%8°75__ | Bulgaria T%s ‘68 May coupon off. Canada 2%s '45_.. | Canada 3%s 61 Canada 4s5'60 Canada 58 °52.. Chile 65’60 Chile 6861 Jan Chile 6s '61 Febr._ Chile 6s 61 Sept. Chile 68 ‘62 _ Chile 78 '42 Chile Mtg Bk 6s'61._. Chile Mtg Bk 6862 __ Chile Mtg Bk 6%8'57. Chile Mtg Bk 6%s 61 Chilean Mun L 7560 Colombia €s 61 Jan Colombta 6s 61 Oct. Copenhagen bs ‘52 MCordoba 7s 42 Prv.. Cuba 5%s 45 Czechoslovakia 88 '51_ Denmark 433 ‘62 _ Denmark 6542 Dominic 1st 51840 Dominic 2d 615540 __ | Dominic 1st 5138 42__ Finland 6s 45 ___ Ger Gov 5%s '65 st Ger Gov 5%s 65 un st | Ger Rep 78 *49 stpd Grt CElJap 6%s'50.. | Greek Gov 6568 Haits 6s 52 Hamburg St 65’46 drish Free State 5560 1taly 78 51 Ital P U Crd 7s 52 Japan 5%s "65 Japan 6%s 54 Kreug&Toll 53 '59 cfs_ Medelin 6%s ‘54 = Mex 48 °10-"45 asst sm Mex 48 °54 asst Milan 6%s ‘52 MinasGers 6348 '59 Sept coupon on _ Montevideo 78 '52_. Nord Ry 6%s '50. Norway *%s ‘65 Norway 4%8s '56. Norway §s '63 Norway 68 43_. Norway 6s 44 Oriental Dev 6s ‘63 Paris Orl Ry 5%s "68_ Permambuco 78 ‘47 Sept coupon off_. Peru 6860 __. Peru 6s ‘61 .. Peru 7s ‘59 Poland 6s '40 Poland 8s'50 _ Porto Alegre 7%- 6 July coupon off .. Porto Alesre s '61 June couponoff____. Queensland 75 *41._ Rhur Chemical 6s'48_. Riode Jan 6%;8°53 Aug coupon off ... RiodeJan 8s'46 April coupon off ___ Rio Gr do Sul 6868 June.coupon off Rio Gr do Sul 75’66 May couponoft ___ Rio Gr do Sul 7s ‘67 June coupon off ___. Rio Gr do Sul 8s°46 April coupon off. Rome 6%s°52 Sao Paulo C6%s ‘57 May couponoft ____ Sao Paulo St 78°40___. Sao Paulo C 8s 53 coupon oft = Sao Paulo St 68 '68 July coupon off Serbs 7s ‘62 unmeo.. Serbs 8s ‘62 unmco.. Silesia Prov 7s'58 Siemens & H 6% Sydney 5% s '55 Taiwan Elec 6%8°7T1_. Tokio E L Ltd 6s 53 Un Stl Wks 64851 A. Uruguay 6s°60__. Uruguay 6s'64... Warsaw 785 Yokohom: Ala Grt South'n 48 43 Alb Per W P 6548 ww Alleg Corp 6844 Alleg Corp 53 49 Am & For Pw bs 2030 Am Icecv bs 53 AmIGChb%s'¢9._ Am Intl 53s '49 Am Tel & Tel 3%8°61. Am Tel & Tel 3%s ‘66 PARIS, February o5 (-—The Bank, of ance statement for the week bruary 10 (in millions of franc: ight balances abroad s purcl 1,294 7.604 abros ounted comm!rclll bills —France _ 7 advances _ to ol f’mr“w 8- w-a;‘on 12.27¢ mporary advan Srate G 6-18-36) Advances against securi- ties rculmen credit to current mnun £ 80-day advances ins goyernment securities ate of discount, 4 Del 3,593 85,380 18,227 881 r cent. *Unchanged. FOREIGN EXCHANGES. NEW YORK. February 25 (#.—Foreign exchange steady; Great Britain in dollars, hers in cents, Great Bri _RO: cables. ‘ance. demand. taly. demmd 526 nds: Belgit remmed 4 Denmmark. 3184 Finland. mark. 21.84; . 22.81: Bpain, unquoted: Pol .90 Poland. 1 Yugoslavia. 80: ¥ AmT&T 4%8°39 _ AmT&T6%s 43 Am T F 23%8-55'38-"60. Am Writ Paper 68°47_ Am Writ Pa 6s°47 cfs. Anaconda deb 43%s '50 Ann A 18t ex in 4 Ark & M B&T 5s'6. Armour & Co 434839 Armour(Del)1st 4555 Armour & Co Del 4s 57 Armstrong C'k 4s ‘50 A T&S Fe ad) 48°95 st. At1G & W I 68°59 | Atl Refining deb 5537 |B&O st 48 48 B& Oref 6s ZDDII D~ Balto & O rer 5895 A_ Beth Steel 3% Beth Steel 414 Bos & Me 4%s 61 Bos & Me 68 66 118.1 114,18 108.10 118.22 FEDERAL FARM MORTGAGE. . 106 RY. Low. . 10136 10130 0114 106,12 1045 103,16 103.16 104.25 107.9 106.26 108.2 1083 107.26 108,10 106,12 105.12 108,80 104.6 108,18 103.14 108.12 108.15 104.22 104.24 107.6 107.8 106.19 106.26 108.1 108, 108:2 10! 107,26 10’ 108.10 108.10 108, 108, 112.28 113.1 114,11 11418 1089 108,10 11919 112,28 1042 1042 106.6 105.6 1065 108.7 105, 106, m .28 105,26 106.28 HOME OWNERS' LOAN. 102.18 102,18 102,18 10224 102,19 102.28 10429 104.28 104.29 FOREIGN BONDS. High. Low. 2:55. 92 9 92 163 163 16} 163 16} 16} (16 16 16 16 16 16 10135 10134 1uldg 1025 1024 102% 101 101 101 101 100% 10024 1023 101% 102 102% 101% 102 10234 1025 1025 1021 102 102 102 - 101% 102 102} 102 1023 100% 1003 100% 1065 10634 1063§ 10634 108% 106} 16 16 116 241 24 24y 31 8l 28y 102 102 102 465 46% 464 abl 5% by 6234 B2) 62 62z 9% 9% 81 9% 9% 8134 6% 8134 2634 263 100 100 100 100% 1004 10034 1073 1068% 1073 11135 11134 11134 21!6 22 2% 21% 22 2124 218 21%% v2 81 81 96 “H 4% 6% 7 8y 32% 6744 10634 10134 13 100 106% 107% 9 1005 30 zm 26% 2% us 23% 32% © 1045 10434 8% 8034 53 80 ] 6834 1% AT 82 29 683 68 43 824 DOMESTIC BONDS. 10835 1083 10835 69 69 69 look 10034 10034 [ Gfl( 66% 67 1003 100 10034 - 10035 1004 10034 834 83 83y s F98 98 10915 109 109% 10635 106 10634 10034 10034 1003 10056 100 10084 10815 1083¢ 10814 1z 112 u2 18234 1803 1803 9% 9035 904 9% 91 91l 106% 1053 106 9% T34 THE EVEN Bklyn Man T 4% Bklyn Un Ga: Bklyn Un El 68 '50 Bklyn Un Gas 65 '50 Brown Shoe 3%s'50 - Buff R&P con 4%s '67. Bush Term 1st 48°52.. Camag 78 42 ctfs Can'dian N R 41%8'51. Can'dian N R 438 ‘5 Can'dian N R ¢%s°'57. Can’dian N 68’69 July. Can'dian N 55’69 Oct. . Can'dian N db 63546 Can‘dian P db ¢s perp Candian Pac 4% Can'diam Pac 4%s '60 Can’dian Pac 5844 cfs. Can'dian Pac 68’64 __ Car & Gen 55 ‘50 ww. CaroCl& O 68°52 A. Cent Br U P 48 48 Cent of Ga con bs Cent of Ga 63 '59 C Cent Ga Chat 48 °'61.. Cent [1E&G 68’51 Central Il Lt 3%s Cent N England 4s "61. Cent of NJ gn 58'87rg_ Cent Pac 1st rf ¢s 49_. Cent Pac 5560 Cert'd deb 6%s Chesap Ccv 68 44 Chesap Corp 6847 Ches & O 3} Ches&03%s 96 E_.. C&Ogen 4%s8'92 C& O con b8 3 Chi & Altref 3s'49_. Chi B & Q gen 4558 _. Chi B&Q 111dv 4849 Chi & E 111 5551 Chi & E 111 Chi & Erie 18t Chi Grt West 4859 Chi | & L gen 65 6| Chi ind & L gen 6s ‘66 Chi Ind & So 4856 CMStP4s'89 CM&StP gn 414889 C. CM&St P 5875 CM&StP&P ad) 652000 Ch &NW gen 315s'87_. Chi & NW gen 4s 87_.. Chi & NW 438 2037 _. Chi& NW 4382037 C. Chi& NW 4%8 49 Chi & NW gen 68 87__ C&NW Nr W 6% Chi R 1&P rf 4 Chi R 1&P rf 4s'34cte_. Chi R 1&P gen 48 '¥8__ Chi R I&P 4%8 52 Chi T H&S 1st 5860 Chi T H&S Inc 5360 . Chi & W Incon 4s'52. Chi& W Ind 4%s 62__ Chi Un Sta 4863 Childs & Co 68 "43 . CinG&E3%s’66 Cin Un Ter 3138 D gtd CCC&St Lrf4%s'17TE Clev Clifts Ir 4% 50 Clev El 111 3% 865 Clev Short L 4335 '61_. Clev Un Tel 4138 ‘77 Clev Un Term 58 ‘73 B Colo Fuel & Ir 58°70__ Columbia G & E deb 58°52 April Columbia G & E 58 ‘52 May _ Columbia G&E 6s 61 . Colum Ry P&L 4s'65. Comcl Credit 3%s 51 Cons EA NY 34%s46n Cons Ed NY 3%;s8'56 n Cons Gas NY 434851 Consol O11 373251 Consum Pwr ¢ %s 66 Censum P un 3%s '65. Cons Pwr 348 ‘70 Consum Pwr 3%s ‘65 Cuba R R 6s°36 ctfs __ Cuba Northn 53%s 42_ Del & Hud ref 4 Del & Hud 5% Den & R G con Den& RGref 5878 _ Des M&F't D 48'35 cfs.. Det Edison 338 66 Det Edison 4338 Det Edison §s " DulSS& At Dugques Lt 4%, Ed El Il NY 58 Eriecv 48’53 A Erie cons Erieref 5s'75._ Fairbks Morse 4s '56.__ | Fla EC Ry 5874 | Fla EC Ry 6874 ctfs. | Fond J&G 2s Gen Mot Acc 3s 46 _. | Gen Mot Ass 33551, | Gen St Cast 5145 %49 % | Ga & Ala 55°45 | Goodrich 4% s°56 Goodrich 6s 45 Goodyear T&R bs '57 . i Goth Silk H 6846 ww. H_ Grt NRgen 4 %877 E. Grt NR gen §8°73 C. Green Bay 63°62 B___. Gulf M&N 63’50 Gulf M & N 5%s'50.. Gulf Sta St15%s 42 Har Ry PC 1st 48°54_. Hoe (R) 1st mtg'44__. Houston O1] 5%s 40 Hudson Coal 58°52 _ . Hudson Co G 1st 55'49. Hud & Man inc s ‘57 Hud & Man ref 5s "57 111 Bell Tel I11 Cent 3%s 52 — 111 Cent col tr 4553 _. I11 Cent col tr 4853 [11 Cent ref 4s ‘656 1l Cent 4% s 111 Cent St L 3 Il Cent Spr 3%s°51_ ICC&StL N 0445'63 IR T 18t rt bi “ouu IntR T 65°32 [ Int Grt Nr 68 56 Int Grt Nr 55'56 C Int Grt Nr 6s°62 A Int Grt Nradj 6s'52 A. Int Hydro Elec 6s°44.. Int Mer Marine 6s *41_ Int Pap 1st 68°47A Int Pap ret Int T&T cv ¢ Int T&T ¢348°63 Int T&T 6856 fowa Cent 1st&rt4s'51 James F & C 45 '39 Jones&L Stl 4% s'61A Kans C F S&M 4s°'36 Kan CFS&M rt4s'36ct. Kans C So 1st 3s ‘50 Kans City So ref 6s ‘50 Kan C Term 1st 4s "60. Kans G &E4%s ‘80 Keith 6s'46 Ky&Ind T 4155°61 pl Kings County El & Pw pur mon 6s'97__ Kings Co El 4 Kresge Found 4s "45_. 78% | Laclede G 5%s°53 C_. 108% 10874 108% 104104 104 9936 9935 ¥9L 9874 98Y 987§ 106 106% 108 1078 10734 1078 11035 1105 108 lol}i IM}{ 105% 108% 105% 81 81 81 10134 10134 1013 1061 108% 106 18 T8 783 1128 112% 92 91 91 92% 92 = vz 91 10234 10234 mm 105% 108 1173% 117% 17% 12634 12636 1263 9l 9T 9T - 1043 10415 10434 83%4 83l 83y L Laclede G 5%s'60 D__ Laclede Gas 6842 Lake S&M So 3% Lautaro Nitr 6s 54 Lautaro Nit 6 Leh C&N 4%8 64 A LV NY 1at 4 LV NY 4%s Leh Val Har §s | 60 Leh Val Term 58 °41._. Leh V P con 482003 _. Leh V P con 4345 2003 Leh V RR con 6s 2003 Lex & E Ry bi - Lige & Myers 7s '44.__ Loew's 338 46 Long Is] ref 4549 Long Isld 9 stp Lorillard 68 Loriliard 7s La & Ark s 69 L & Nash 3% s 3003___ N 1stds 2003 . 10834 10834 1083 6. 10634 10634 10634 - 14834 16834 14834 . 10835 108% - 10035 10035 8134 w734 87%4 [ MoKess&Rob 5% 850 3% 31 31| Mo CRR gn ¢4m'60A - Ry 10134 1013§ | Manhat Ry 118 118 | Marion St Shov 6s ‘47 1134 1184 1134 | Mead Co 68 *45 . 10414 1044 104}¢ | Met EA 18t rf 4% 1063 1054 1083 | Mich Cent 34862 9134 Y1 Y14 (MIIER&SLrf6e'T1 87 87 87 |Mil Nolst43s’ex's 32 82 382 |Minn&SLrfdas'49 11134 | Minn & St L 58°34 ctf: 111 118 1% | mstpaseaen o 12 12 12 |MStP&SSMen 1163 11634 1183 | MStP&SSM 5 116 © 116% 116% | MStP&SSM 5358'49 __ 2834 1 MStP&SSM rf 68'46A_ '::;: ‘,.& ::2 Mo Il 58’69 ... 1033 1083 1033 | Mo K & T 1st 45’90 10858 1035 1095 | MOK & T 4862 B 118% 1183 118% MOK & T $%8°78 .. 1075 1075 1073 | MOK & T ag) 66720 10634 106 106 363, 86) 86% Y 34 84y 204 2044 89) 89% fi 108}4 108} 1033 Mo Pac 68’811 Mo Pac5%8°'49 A Mob & Ohilo 4%s Mob & Ohio 65 ‘38 Mohawk & M 4s *91 Monong Pub 8 415 Montana Cent 3%s ‘66 Mont Tram 4%s°55 B_ Mor&FEssex 3% s 2000 Morris&Essex 4%8 65 Morris&Essex b8 '55_ Nashv C&St L 48°'78 _ Natl Dairy 3% s'51ww Natl RM 1st 45’51 asst Natl RM 4s'77 asst _ Nat Ry Mex 415’57 as Natl Steel 48°65 New Eng RR 5845 New FE T&T 1st 58°52_ 74 18% 14 76 16 16 109 10874 108% 102% 1022 102% 96 9By 9bY 180 180 180 993 99 99l 99 121 121 1085 108 684 b8 112} 12 110% 110 110 a2y 42 a2y a2 AL§ 4l 1203 1203 1208 493 48Y 48% 24) 2% %4 24% 2% 2% 10834 103} 1083 6yl 633 67 824 113, 463 9934 9934 121 1085 68 nz NOT&M 5%8'54 Befs. New Orl Ter 1st 4s'53. New Orl T&M 5%s '54. NOT&M 53 8'54A ef: NY Central 3%s°97_ NY Central 3% s "46._ NY Cent con 45°98 NY Centrf4%82013._. NYCrf4%s2013n. 347 | NY Cent rf 58 2013 342 | NY Cent cv 6844 22% | NYCLSh31s'98 __ 5334 | N Y Chi & StL 45'46_ 3684 | NYC&St L 43878 60% | NY Chi & St L 6838 2334 | NY Dock 1st 4851 2044 | NY Dock 4133 | NY Edison 3% 8°65 D_ 2334 | NY Edis ref 3% 66 215 [NY L& W 15t 133 | NY NH & H 3% 554 98 |NY NH&H 33856 90 |NYNH&H 4856 14 | NY NH& H 4s'57 __. 1023 | NYNH& H 4% 867 _ 1 NYNH&Hcltr§ NYNH&Hev 6 | NY O&W gen 4s 55 | NY O&W ref 92 NY Rvsinc s 65 _ NY Rys 68 '65 A stp NY Steam 1st 68 °47_. NY Tel gen 4145 '39 NY Trap Rock 6s°46__ NY W& B43ss 46 Niag Falls P 3 | Niag Sh 6158 °50 Norf So 1st ref 6861 _. Norf S 1st r58'61 cf: Norf & W 1st 4 67 u2% 11% 6l oy ¥ 1024 1067 9634 | 108 1084y 13% 1% 1024 106 113% 118% 104 104% 1073 107 e 106 104 104% 106} 106 104 10334 106 8 10634 108% 1065, \arzh Am Ed 53°69C rth Am Ed 638 *63 . Nor'n Pac gen 33 2047. | Nor'n Pac 4897 Nor'n Pac 434 2047 e | Nor'n Pac 6s 2047 D. A0s | North Pac 65 2047 103%, 1034 ; Ogden L C 48°48 1073 107 Ohio Edison 48 65 60} 603 | Orez RR & N 43 "46_ 6y 58% | Oreg Sh Line 5s 46 _ 983§ 25 ¥9 10534 104 10635 104% 101% 1033 6034 [0 933 10034 345 434 214 Orez W RR 4 PacG & E 4s'64 Pac RR Mo 2d 5538 _ Pac TAT rf 31«66 B Pac T&T 34 s 'Gl e e Pan Am PC 6s'40 ctf Para Broadway 38 '55_ Paramount Pic 68 °55... Parmelee 6s 44 Penn Co 4563 Penn Dixie C 68’4 Penn O& D 4%s8'77___ Penn P&L 434881 Penn RR3%8°70 C Penn RR4%s'81 D__. Penn RR 4%s'84 Penn RR gn 4%8'65 Penn RR deb 414s 70 Penn RR gen 6s'68 _ People GL&C rf 6847 People G L&C 6543 | Peoria & E 1st 4840 _ Peoria & E inc 4s '90 Pere Marq 1st 48 '56 Pere Marq 4%8'80 _ 10174 | Pere Mara 1st 5= '56. 9334 | Phila B&W 4= *43 _ 2% | Phila Co 5s 67 101 | Phila Elec Co 4871 108% | Phila & R C&158°78 104 10434 24 10834 106% 11436 1234 1024 106 99% 7 96 102% 495 120 333 84 103% 198% 19% 1834 18 18 o M 102% 10219 1018 9335 42% 101 108% 104 10434 1284 10834 105 1143 1235 123 1025 10235 106 106 9% 99% 97 98 96 96 1028 1025 PCC&StL 68’75 B Pitts&W Va 4%3°69 B Port Gen E14%8°60__ Postal Tel & C 5853 _ Potomac E1 P 3%8°66. Prov Term 1st 5556 Pure Of1 4% # 50 ww. Purity Baking 58 *48 R-K-O 68 41__ Reading Jer C 4851 _ Reading R 414897 A Reading R 4%8°97 B Rem-Rand 44 s'56ww. Republic Stl 4%s ‘50 Republic Stl 414s ‘56 Republic Stl 4%4s 61 Republic Stl 5%s ‘54 Revere Cop 4556 Richfield Oi] 6544 Richfield O 65’44 ctfs Rio G W col 48°49 A R1IA&L 18t 4%s'34 Rutland Can 4s 49 Saguenay Pw4 1 s'66 . St Law & Ad 6s°96 St L IM&S R&G 45’33 StLP&NW 6s'48 St L-S Fran 4s '50A St L-S F 48 '50 A ctfs St LS Fran 4%s ‘7 StL-SF4%#'78 cf St L-S F 6850 B ct: StLS W 1st 45°89 StLSW2d4s'89 StLS Wgnrfés St LS W 1st ter 68’53 StPKCSL4%s 41__ St P M&M ext 5543 _ San A & A Pass 4s'43_ Schuleo 6%s'46 A stp Schulco 6%s '46 B stp. Scioto C& NE 4s°'89__ Seabd A L 4s°50 Seabd A L ¢s ‘50 stp__.. Seabd A L ref 59 Seabd A L rf 4559 cfs Seabd A L adj 6s " 19 Seabd AL 6s'46 A Seabd A L 68 45 ctf: Seabd A-F1 6835 A Seabd A-Fla 6835 B ct. Sharon Stlcv 4148 51 Shell Un deb 3%s '51_. 186 156% 186 | Silesian Am 78°41____ 107 107 107 |Skelly Ofl 4s°51. - 10834 10834 108} | Socony Vac né;‘so s 6734 6734 673 | South Bell TET 58 '41_ .:’;: 7% &% So Colo Pwr 6847 A 67 |South NatG 4%&51__ 105 |SoPac3¥%s 46 ______ 89 | So Paccol 4 4 38} 89 |SoPacref4s’s5._._. 102 102 102 |SoPac4%s ‘ll......... 9134 9135 913§|SoPac4%s’69_______ 1023 1023 1023; | S0 Pac 4%s 81 _ 105% 1063 106% | SO Pac Oreg 4% 1078 107% “m‘ So Pac S F Ter 4850 69} 69 69145 |SoRygen 4856 A___ 4% 74% 743 | So Ry 68’94 8384 So Ry gen 68 '56. 10734 10734 87y 87 9135 913§ 878 87 92)5 9214 7% 6% 92 92 100% 1003 84 83y 9045 893 108% 1085 9635 95 93 9434 493 493 “ o 85% 854 10234 1024 36 36% 36 34 36% 36% 143 133 86 83} .80 80 10176 10136 101% 99 99 99 814 87 87 2 UK 12 78 1% 78 6% 5% 6% 974 ST 973 1085 10335 10835 6414 633 64 60}5 60 6035 9 904 90k 9% 9134 9% 10656 10635 106%5 102% m!( 1028 98%5 9834 1093 mm 1095 4. 1043 | Soutnw'n G&E 45 *60. 3 | Spokane Int b: 95 94% 94% | Tenn Cent 68 '¢7_ 102 102 102 | Tenn EI P 10734 10734 10734 | Term AsSt L 105% 106% 106% | Texarkana 6% 108% 10836 108} | vexas Corp 3%4s 984 Mh 984 Texas & Pac Sl‘11 B__ \ - 101 STOCK EXCHANGE High. Low. 2:58. High. Low. 2:58. 10834 10836 10834 86 85l 85 7 6% 62 434 10734 1065 107% 10934 1093 10934 108% 108% 108% 104 104 % 1081 3y Yy pri 843 1051 - 107% -- 108 %0 211 1051 10815 10514 10584 1003 107 . 106% 10514 13 . 106 10615 1025 1028 “ ag 24y 224 253 26 110 110 10835 1064 1185 118% 18 10434 104 1043 90 %0 90 119% 18 118 100% 100% 100% 18 118 us 102} 102 102y 1063 10635 lom 106 106 106 115 1143 115 15835 1541 1643 99 98 98rg 984 9RY, 9gy 14y 118 114y 10315 1083, 10335 6135 591 61 62 52 5216 B0 497§ 49% 26 2615 26| 2915 293 2934 10314 1034 10834 101 101 87 81y 6 4 34% 311 82 28% 82 96 723 s1y 63 % zs% 1023 w:u 1025 102% 10235 102% @ 4 2 2 e um 7% 117% a2 82y 32 g2u 193¢ 193 183 183 1y 2234 2134 123 mu 1144 110 9% 995 9955 8735 % lz/i THURSDAY, F ELECTRIC POWER PRODUCTION GAIN Small Rise Sends Total 13.4 Per Cent. Ahead of Year Ago. By the Associated Press. NEW YORK, February 25.—Electric power production totaled 2,211,818« 000 kilowatt hours in the week ended February 20, a gain of .5 of 1 per cent over 2,199,860,000 kilowatt hours in the preceding week and 134 per ocent above output of 1,950,278,000 kilowatt hours in the same week last year, the Edison Electric Institute reported today. Production in the latest week was slightly less than seasonally expected. All major geographic regions of the country showed substantial improve- ment over a year ago. Percentage gains were New England, 15.4; Middle Atlantic, 11.8; central industrial, 17.6; West central, 54; Southern States, 12.8; Rocky Mountain, 10.9; Pacific Coast, 10.5. The Associated Press index of electric power output, with 1929-30 taken as 100, declined for the same period to 118.3 from 118.5 in the pre- ceding week. A year ago, the index, which is adjusted for seasonal and long-term trend, stood at 106.7. The range for recent years follows: 1936-7 1935 - 1020 941 919 802 Washington Produce BUTTER—9" Y4-pound print pound prints, 36, Market strong MEATS—Cholce _ beet. 16: calves 2 lamb. 17 7 otn. 233, uore 1- Dound Dl’lml 38; ubs. 37 0¢ . 1- " Cub, -pourid rints, 58 “reen me, sliced bacon. bacon, Compound, 14; lard, LIVE STOCK Pigs. R' medmm Blaaf'y; 5':a7la; calves, 28 light hoss, Ray; lambs, Prices paid shippers. net f.0.b. Washing- ton. by the United States Bureau of Agri- cultural Economics. EGGS—Market weak: prices s to '3 cent lower on United States Governn}ent n Dts. Government ted white eggs (net prices Lo, Washington): S exirax mediums, S010 0.8 standards. large. whi,, LIVE POULTRY—Market steady at un- changed prices 1. colored. heavy. 15a | B ns, - oung toms. 'un- der'ig pounds. 1#al7: 20 pounds and over, 15 No. 2 12: old hens. 14: old toms, 14. Fruits and Vegetables. Sales in large lots by original receivers up to & am._today APPLES —Two Washington &rrived: one | broken and two unbroken cars on track Supplies liberal: demand light. market steady. Bushel baskets. U. 8. No. Virginia. ~Staymans _ 2.inch minimum, 15-1.4 m. 1 40-1.65 23, uulity and i 23.-inch _minimum. scalded and decaved Black Twigs, 5: 2'2-inch m Thch mipimam. 1 Sl 05: Delicious. -inch 'mini- 27g-inch mini- 2i5-inch minimum. Inch mintmis 515 inch minimum. 1.60-1.6: -1.90: 231 h inim Grade. k5100 inch minimum 1.50-1.6! a “inch minimum -In:h minimum, 1.50-1 60: 1.60-1.65 1ne 1 W3 Jarious othe inch minimum mum. 1 35-1.65 s ginia. West Virginia Maryland. combin: 1 Tcious. ons. 1.680-2 00 zrad TR3eC00; 'Stavmans. 1 5001 55, Go‘den Delicious. 1.65-1.85; Paragons. 1.40-1.7 CABBAGE—One Floriaa arrived: broken Supplies moderate: steady. Domestic 112-bushel hampers, receipts. 8 1.00: Texas. half iettuce crates, 1.10a 1.15; New 50-pound sacks, Danish type. mostly around 70 CARROTS—No _carlot _arrivals; _one broken car on track Supplies_moderate: demand light: m-rku steady. Texas, hall lettuce crates. 1.35. CAULIFLOWER—Two rived: three broken and cars ‘on track. Supplies mand market dull. crates, 1 . CHICAGO LIVE STOCK. CHICAGO. February 25 (@ (U. 8. partment of Asriculture).—Hogs. including 5.000 higher than two California four unbroken Calitornia. mode ‘Wednesd: 0 highe: e steady: top: H Dcnmce 18 500 bulk good ~and ds. (9-95810.10: " good sows ely by Gattie.'5.000: calves. 1.000: and yearlings steady to 25 higher: mostly 10a15 Up: ‘with good and choice kinds showing advance on shipper account: comparatively beef in run: weighty steel and_yearlings nn-conmnonea yearlings in broader demand; common and medium Frages: avout steady 3D g, Killer snd 5507 SRT3Re Mock Arm. scarce. grade cows and low-price helfers Qetive: bulls steady at 6.50 down and vealers higher with selected weighty . ce in wine- 9.75210.00 but mostly 9.50 down. M neep. £.000. including 500 direct: fat Jambs' supply around 50 per cent from Colorado: few fed Western ewes. yearlings and two-year-old wethers: fat lambs open- ing slow. early indications strong to 5 higher. “gei loads choice handy weights, 10.50: d Pslyden.r‘n!dx 8.50: fat sheep. 10a15 h “handy weights fed Western ewes, 6.40. —ee e c it o Tob Pac 68’79 1065 1 ;:;a:g" st 68 2000 121% 1213 121% Third Av ref 4s 60 12 T 1y Third A ad in ex 65°66. 4135 40}§ 40% Tri-Contl Corp 68°53_. 119 119 119 Un Of] Calif 68°42 A__ 1193 119§ 1198 Union Pac 3%8°70. 98 98 98} Un Pac3%s'71 - 98 98 98 Un Pao 18t 43°47. 114 118% 13% Un Pac 1st rf 482 1078 1073 1078 United Biscuit 5 10734 10734 10784 United Drug 68°53 102 102 102 U S Pipe&Fy 3%8 46 166% 156% 166% U S Rubber bs'47. 106% 10634 106 Utan L & T 68’44 (A). 1043 1043 104% Utah P& L 68’44 105% 10534 1063 Util P&L 6859 ww__. 61% 613 61% UHIP&LE%s ¥ 63 62% 62% Vanadium cv 58 '41__. 10374 1083 10334 Ver Sug 1st 75’42 ctfs. 32 31} 8l Va E & P 1st ref 48'56. 107} 10734 107 Va Ry 15t 3%8'66 A__ 1043 104} 10434 Vva S W con bs ‘58 1 100 100 Wabash 4%8°78 __ ' 78 ot 2% 1215 7234 100% 10035 10034 108% 1055 105% 107 107 107 0054 10035 100% 10035 96% 9515 96%5 108% 10536 10635 o5k ssy 954 10734 1073 1073 84 83 48 11084 109%§ 110% 10835 108 10335 1063 106 106 Y MY Y 10134 1013 10134 10814 10634 1065 103 108 108 14635 14635 1083 1083 1054 — 1073 10715 1073 108% 103 108} xo‘t 1053 10636 Wabash 6580 D. ‘Wabash 6s ‘80 Detfs_. Wabash 5%8°76 Wabash 5%8 ‘75 ctt: Walworth 48 55 Warner Broscv 68°39. Warner-Quin 6s '39 Warren Brev 6841 Wash Term 4s 45 West Penn P 3%s W Sh 1st 48 2061 gtd West'n Md 1st 45 '52__ West'n Md 5%s°77.. West'n Pac6s 46 A .. West'n Pac 68 46 Aas West'n Un 43%s 50___ West'n Un 68 '51.. West'n Un bs 60 Wheel Steel 4% White Sew M 6s W Sp Stl 1st 78’35 ct- W Sp St! con 7s '35 ct Wilkes B&E 1 43 Wilsqn & Co 48 ‘56 Wis Cent 18t gD 48°49 wisC utgnr::“u &= Wis C 8&! s’ WCS&D ter 48’36 efs. 22} 22)4 224 Y'ngstnS&T 3% 8 51 13434 1323 13235 !‘nn‘ tn S&T 48°61-__. 1025 102 1025 215 7121 1234 1128 112 112% 106% 10634 105% 915 91% 97% 10834 10234 108 106 106 106 40 39% 89% 39 38l 88) 1073 107% 1073 10634 10634 10634 106} 106%y 1063 10214 101% 101% 1043 1043 10435 40 40 40 40} 39% 40 51} 6134 6134 10234 1013 1015 31k Bl 31k om 21 % 2¢ 2¢ 24 1934 1933 | Al - 1198 1055 974 919 |c. BRUARY 2 Republic Steel Votes Dividend on Preference Shares BY the Associated Press, CLEVELAND, February 25.—The Republic Steel Corp. yesterday de- clared a dividend of $1.50 a share on its 6 per cent cumulative convertible prior preference stock, series A, pay- able April 1, to stockholders of record March 12, and a dividend of $1.50 per share on the 6 per cent cumulative convertible preferred stock, payable April 1, to stockholders of record March 12. p ‘The corporation announced the elec- tion of Alexander C. Brown, vice presi- dent of the Cleveland-Cliffs Iron Co. of Cleveland, to the Board of Directors. Washington Exchange SALES. Capital Traction 5s—$1,000 at 97, $1,000 at 97, $1,000 at 97. Capital Transit Co.—10 at 15, 10 at 151, 10 at 15'2, 10 at 15%. Mergenthaler Linotype—10 at 54%, 10 at 54%, 10 at 54%, 10 at 54%, 10 at 54%. AFTER CALL. Cepital Transit Co—10 at 15'z, 10 at 1515, 10 at 15%, 10 at 1513, 10 at 15%. Bid and Asked Prices. BONDS. PUBLIC UTILITY, Amer. Tel, & Tel 4‘11 i ostia ow. 314 55 1958 Gas 5s_1960 th Rwy. & Elec. 45 MISCELLANEOUS. 001 CDUX’I!" Club 5‘2' s . Cold Storai STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (9) Cavital Transit Co, lb\-‘ & 8 Wash, Ry. & El BANK AND TRUST COMPANY. Amer. Sec. & Tr. Co. (e§) Bank of Bethesda (0.75) & Tr. 1 | Br Georses Bk. & T (BO) Riges (en) Rigss pfd. (5) % \annlwn (8) Wash. Loan & Tr. (ef) FIRE INSURANCE ) American Corcoran (5) Firemen's (1.60) National Union (.60 TITLE INSD‘RANCF 1. | Peoples Drug 8t G b | Wdwd. ‘& Loth. ofd. 2 25 | d four unbroken cars on track. ; market | Florida. fed steers | Bullior Columbia (.30) Real Estate (6) 160 MISCELLANEOUS. | carpel Corp. ¢2.00) Tanston Monotype (14) Mergenthaler Linotype (f) Peoples Dr. 8. com. (71.00) pid (6,50 | Real Est. M & . (530 urity ‘Storage Pl J Ter. Ref. & Wh. Corp. (3) 0 e Wawa. & Loth. com. 8 l *Ex_dividend | b—Books closed. | T_Plus extr | §30c paid May 151930 500 paid Aue 15. 50c caid Nov. 16. 16 ; —112% extra. F xi extra Dald Dec. 15. 1930 u n 3C. 1936; 45c oad | tock @ividend, - NEW YORK PRODUCE. | NEW YORK. February 25 (#.—Eggs. 17.576. unseitled. mixed colors: Bpecial tandards, 23.2 A No. b2 unchahged Butter. 0.358. easter: ereamery. higher than extia, 41055 (02 score), 34: s 1 SCOYEI! 3 =4 alired “50 " scorer: :}u. Sinér buter prices unchlnl d Chee: eady and unchanged. Live poultry, by freiht. Arm: chickens. Rocks. 20. Fowls. colored. 20-21 horn. 16-17 "Roosters, 13, Other freight | prices unchanged. FINANCIAL. BOOST FORECAST IN STEEL PRICES Wage Increase and Solution of Federal Contract Problem Hinted. BY the Associated Press. NEW YORK, February 25.—In- creased prices for steel products, an- other wage boost for the industry's workers and settlement of the problem involved in bidding on Government steel orders was predicted or hinted | at today by Iron Age in the weekly | review of the steel industry. “A price advance affecting nearly all steel products and probably rang- ing from $2 to $6 a ton will be an- nounced by a leading producer within a few days,” the trade journal said. 'This may be followed by another wage increase for steel mill labor, the amount depending upon the outcome of negotiations that will soon be in progress. There is also good authority for the prediction a solution of the controversy between Federal Govern- ment authorities and the steel com- panies over the Walsh-Healey Govern- ment contracts act may be found shartly. “Price advances have been initiated by producers of wire products and | pig iron, * * * Other raw materials | markets are strong and advancing. Leading factors in the scrap trade EXTRA ANNOUNGED BY HAZEL ATLAS Payment of $1.56 a Share Ordered in Addition to Usual Rate. BY the Associated Press NEW YORK, rebruary 25.—Direc~ tors of Hazel Atlas Glass Co. today declared an extra dividend of $1.56 on the common stock, payable April 1 to stock of record March 12. The company had previously declared the regular quarterly dividend of $1.25 on the common, payable the same date, ‘The company, producer of glass con- tainers, has plants throughout ‘the country. New Jersey Zinc. Directors of New Jersey Zinc Co. declared an extra dividend of 50 cents, payable March 10 to stock of record February 26. The company paid a quarterly of 50 cents on February 10 and an extra of 5v cents on July 10, 1936. The company has property in New Jersey, Pennsylvania and Western States. Bloomingdale Bros. Bloomingdale Bros., Inc. directors declared a dividend of 372 cents on the common stock payable March 25 to stock of record March 15. On January 26, 1937, payment of 10 cents was made. In 1937 the company paid dividends of 10 cents each on freely predict a $25 market, * * * | “Meanwhile domestic steel business ; is in such volume that mills find [ backlogs at the end of February | heavier than a month ago. * * * | “Recent demand has been numu-‘ lated by apprehension of possible mull shortages caused by a coal or stecl | strike, but at the same time there is | heavy consumption and no excessive | stocks are being built up. Opinion in | the steel industry now leans to the | view there will be no general steel strike this Spring. * * * \ “Steel production is being pushed to the fullest extent that existing facili- | ties, together with supplies of coke | and pig iron, will permit. The average for the country is estimated at 83 per cent. “The $1 advance in pig ircn brings the Iron Age pig iron composite price up to $21.25 a gross ton. The scrap composite has risen o $19.92, which is Just 33 cents a ton under the average pig n—on price prior to this week’s ad- vance.” CLEVELAND, Ohio, February 25 | (#).—Daily Metal Trade today says Indications are a general steel price advance will be effected no later than Friday of this week. With producers virtually sold out on first quarter material, the new 4 | schedule of prices, which will range | &l the way from $2 to $6 a ton, will become effective immediately. Wire- makers today advanced prices $4 to $6 a ton on various items. At the same time pig iron prices have been | marked up $1 a ton to go into effect at once. YOUNGSTOWN, Ohio, February 25 (#).—Youngstown Sheet & Tube Co.! announced an increase of $1 a ton in pig iron prices effective today. Prices advanced $1 a ton in November and 50 cents a ton January 1. The new price brings iron to the highest since April, 1925, when No. 2 foundry averaged $20.29 here. —— FEDERAL LAND BANKS hhd Blnk Mnfl?hm." A8 4%ss Nov. 1958, 4'4s May. 4 May. | 45 Nov July! ). —Pederal U. S. TREASURY POSITION. ‘. BY the Associateq Press. The position of thl Tronw‘v ruary <3: Recelpts, penditures on Peb- 3800 ex- umxm Daience, Sie istoms receipts for thie | e’ fiscal year (since July | 000.67 ;" expenditures. $4 0. including $1.801.957.899 - | 00 of emergency expenditures: exeess of | 23 460,258.13: gross 90, d:cdl’el‘t of lnellldlfll 3 of inactive gold. | R the previo 11 AT k1 K72 0%, HBB,.NE 8 LONDON BANK REPORT. LONDON, February 25 (P.—The Bank of England statement for the week ended February 24 (in thousands c! pounds) ;. Circulation _ 55.087 n Reserves : Public deposits ._ Private _deposits 138,294 Government securities ~85.04 Other - securitie: 7 e Sropetiion of the bunk's ummy 1573010 per ‘cent. compared with 10 Tast week. “Rate of discount, 2 per le. —— RUBBER FUTURES. NEW YORK, February 25 (#.—C Tubber futures opened strong. 11 to 3] higher. ~March. 21.70a21.81; May, 21.90a 2.00; July, 22.10a2216. \ Portable Typewriters 1886 Bist Year of Progress MONEY!! for Mortgage Refinancing UR modern, convenient plan assures you a low interest rate—a more con- venient method of meeting payments on principal—a longer period in which to fin- ish payingoff theloan.If your mortgage is due to mature soon, come in and talk it over =—no red tape or obligation. WEAVER BROS i« REALTORS Mortgage Loan Correrpomdemt Matrapslitan Lifs Insrance Company WASHINGTON BUILDING s Mas. 'u.l M PRroPERTY MANAGEMENT EFFICIENT management is most satisfoctory to both owner ond tenant WE specialize in the mon- ogement of dll types of in- vestment properties and are now Manaoging Agents for some of Washington's most important buildings. WE would welcome the op- portunity of discussing your management problems with you. Randall H. Hagner & Co., Incorporated Real Estate 1321 Conn. Ave. DE. 3 INVESTMENT ACCO This firm has always emp! careful and oeriodic ex AUCHINCLOSS, PA Naw Yoax Srocx Ezcmawos New Yoax Corrow Excmance N. Y. Cuss Excuance (Asmoc.) Naw Yoax Pacoues Excmanas New York Baltimore as one Forty Years of Experience FIRS vestors. First Mortgage Investments National M ORTG A G accounts. {Those interested are cordially invited to make use of our Investment Research Department. 719 Fifteenth Street, Washington Members March 27 and June 27 and 45 cents on September 28 and 35 cents on De- cember 15. Hygrade Sylvania. Hygrade Sylvania Corp. directors ordered the regular dividend of $1.62°. a share on its $6.50 preferred stoc: and a 75 cents disbursement on ths common stock, both payable April 1, to stock of record March 10. In 1936, the company paid its regular $6.50 dividend on the preferred and divi- dends of 50 cents a share on tha common on January 1, April 1, July 1, and October 1. There was also en extra of $1 on the common paid Da- cember 21, 1936. SHORT-TERM SECURITIES. Renc ted by Chas. D BirntBy & Amer. Tel. & Tei. 5l3s '43 111% Auburn Auto Co 445 ‘34 Calif. Packing Corp 10412 105! Edison Elec. Tium. 4s '3 Gen Public Se, vice 5'as Gr" Rabids & Ind 47. 41" Houston Ol 5'as "$0 Int' Merc'tile Marine fis " Intern’l Tel. & Tel_ 4’ Laclede Gas Light 5s fehish Valicy Coal tis Pepna R_R_Co. RIO Granac Western 15 South_Hell Tel. & Tel. 5 Ter R. R As StL 4's Vanadium Corp 5s 41 Vertientes Sugar Co. - Y. & Pa. 4543 Western Union Te| MONTREAL SILVER MONTREAL. Pebruary 25 (P —Silvey futures opened steady. n Jower to 1 h\lhl" March_ 34.45b; Ma: i July, 44.19b, b_Bid i mx\ 103% Long-term REFINANCING . Lowest Rates . . . 3-Year Con- struction Loans . . . 3% 8Y%% BOSS & PHELPS MORTGAGE 0 Loan Correspondent John Hancock Mutual Life Ins Co. 1417 E 8t NW FOR REFINANCING LOANS AND CONSTRUCTION LOANS THREE-YEAR LOANS AND 152-YEAR MONTHLY PAYMENT LOANS PAYABLE $8 PER $1,000 5% No Commissions or Extras EQUITABLE LIFE INSURANCE COMPANY 816 14th St. Met. 3437 BRI UNT MANAGEMENT hasized the importanee of amination of investment RKER & REDPATH Cuicaco Boasp or Taans Cnicaco Mescantiie Excuancs Coumontry Excuawce, Inc. I Wasminorow Srock Excmawor ‘Wilkes-Barre | Philadelphia l RECOGNIZED of the standard invest- ments—our T MORTGAGES are included on the preferred list with both large and small in- B. E. SAUL CO. REAL ESTATE 2100 925 15th St. N.W., E LOANS