Evening Star Newspaper, April 14, 1937, Page 15

FINANCIAL. U.S. BONDS JOIN GENERAL UPTURN Dealers in Federal Issues Cheered by Roosevelt Economy Order. Bond Averages 1 a0 +.2 1.4 1.2 2.4 69.7 4.7 70.8 3.0 20 10 10 Rails Indust. Otil. .4 Unc. Unc. 9381026 99.8 9341026 99.8 95.1103.3 100.1 9241025 101.7 99.0104.4102.8 9291024 994 98.2104.4 103.1 8691018 99.3 67.6 458 400 646 422 71011 98910291005 10 Low-Yield Bonds. Noon ....1089 Prev. day- 108.7 Month ago 109.5 Year ago- 111.6 1937 high_ 113.7 1937 low- 108.4 1936 high. 1135 1936 low-_ 110.2 1928 high- 1044 1932 low__ 86.8 Net change. Today, noon Prev. day._- Month ago- Year ago_.. 1937 high.. 1937 low.__. 1936 1936 1932 1928 (Comptled by the Associated Press.) BS the Associated Press. NEW YORK, April 14—The bond market recorded another well bal- anced advance today in which United States Governments were well up with the leaders. The market for Federals, in the opinion of traders, took notice of the letter sent by President Roosevelt to bureau chiefs urging economies in their operations. The President's comment on failure of Federal reve- nues to reach expected proportions touched a subject with which financial and investment circles were dlready familiar. Treasury and guaranteed loans es- tablished early gains ranging from 6-32 to 13-32 of a point and most were holding steady at the advance. Some of the junior rails added a point or more to the substantial ad- vances of Tuesday, and corporates generally moved in a fractionally higher range. INVESTING COMPANIES NEW YORK. April 14 (#).—New York Becurity Dealers’ Association Admin Fd 2nd Inc Am Business Shrs Am Gen Eq Inc Am Ins Stocks Bankers Nat I Basic Industry Broad s Buflock Fund Corporate Trust Corporate Trust A A Corp Tr Corp Tr orp Tr Ace Mod Depos Tns Shrs - Diversified Tr C Dividend S| Eanity Corp Fidelity Pund_In st Boston Corp Sh i Fixed Truct Sh B - Found Tr Sh A Fund Investors Inc - Fund Tr Shrs A Fund_Tr Shrs B Gen Investors Tr Group Sec Agriculture Group Sec Automobile Group Sec Building Group Sec Chemical Group Sec Food Group Group Groun roup Sec Mining Sec Petroleum Sec R R Fauip Group Sec Ste Eroup Sec Topacco Huron Holding Incorp Tnvestors Insurance Groun estors 2 Kevston Cust Fund B-3 Maior Shre Corp and Fund - e A Mutual Tnvest = Nation Wide Sec 2 Nation Wide Voting N Y Bk Tr Shrs North Arm Bond Tr ctfs Groun Plymouth Fund Inc Quarterly Income Sh__ Selected Am Sh Selected Am Sh inc Zelected Cumul Sh Selected Income Sh Spencer Trask Pund Stand £tand Super Super Super Super Trustee Stand Vn\ Trusteed Am Bk Thittesd Todustry Bhis Wellington Fund DIVIDENDS ANNOUNCED NEW YORK. April 14 —Dividends de- elared (prepared by the Standard Sta- tistics Corp.): o Initial. Pe- Stk. of Pav- te. rlod. Record. ble. Broadway Dept Strs.40c o 4550 C 5oL it g THCTERSEL. & Liberts Tohn®___s100 s Procter & Gamble_ Regul Itorfer Bros ourjois Inc $2.75 D Brandywine Elmira & Willlams- R R Procter & Gaml St_Lawrence Flour ills 8t Lawrence Flour Mills 7% pf. % DT obun. Gold Mines T Gas & El ‘Wilson-Jones = Bank of Toronto Cont Can Distil Corp_Seag pt Florsheim Shoe A Gent Food Senl Foods Ticuran Shares ctfs - Woolworth 4-26 NEW YORK BANK STOCKS NEW YORK. April 14 (#) —Over-the- gour.ter market bank and trusi companies: Bid. Asked. Bank of Manhatten (1%) 3% Chase (1.40 3 B i) (8 ot fonal (100 Central Hanover (4) Chemical (1.80) Continental Corn_Exchange Empire (1) Guaranty, (12) Irving Lawyers Trust (2.40) Manufacturers (2) New York Trust (5)__ 1 Title Guaranty & Trust - FEDERAL LAND BANKS NEW YORK, April 14 (P.—Federal Llnd Bank honds. 1084 PENNSY T0 BUILD CARS. PHILADELPHIA, April 14 (P)— The Pennsylvania Railroad Co. an- nounced today that it would construct in its Altoona works 2,800 stee] freight cars and the chassis for 11 electric passenger locomotives. The - new equipment will cost slightly in excess of $10,750,000. 3 2%s 1949-53... 23,8 1945-4T e 3% 8 1948-51 e 2% 195164 cuee 3% 8 1956-69 e 2%8 1960-60 cun. 381946-48 . 88196165 e B%am 1946-49 3% 8 1949-53 oo 3351940-43 June reg _ 3% 1941-43 Mar. 3% 8 1943-47 338 1946-56 48 1944-64 944-54 reg. 438-3148 1943-45 4% ®1947-62__ 381947 381949 351949 reg_ 3351964 24 81942-44 2% 8 1939-49 881952 100, Abitibi Pa&Pw 6s 63 _ Antioquia 78 46 A Antioquia 78°45 B_. Antioquia 7s '45 C.. Antioquia 78 45 D_. Antloquia 3d 7857, Argentine 414871 Argentine { %s 62 Argentine 6s ‘57 A Argentine 6s°58 B_. Argentine 6s 69 Oc Argentine 6s 59 Jun Argentine Argentine 63 ‘60 Sept._ Argentine 65 61 Febr_ Argentine 63 ‘61 May Agr Mtg Bk Col 68 '48_ Australia 438 56 Australia 6865 _ Belgium 61s 49 _ Berlin Elec 6s 55 Berlin El Ry 635 '56 Brazil 638 '26-'57 Brazil 6% s°27-'57 Brazil 7852 Brazil 8s 41_____ Brisbane 68 '57____. Brisbane 68 " Buenos Alres 4%8-3%8'71 Py____ Buenos A 4145'76 Aug Buenos A C3s'84 ___ Bue A1 4348-4%s8'75 _ Buenos A C 6s 60 Apr. Bulgaria 7%s ‘68 May coupon oft Canada 3% s 61, Canada 860 Canada 6s '52_. Chile 6360 _ Cnile 6861 Febr____. Chile 6s 61 Sept__. Chile 6562 _ Chile 63 63 Chile 78 42 Chile Mtg Bk 6s ‘61 Chinese Gv Ry5s'51 Cologne 613850 __ Colombia 6s 61 Jan. Colombia 6s 61 Oct. Col Mtg Bk 7546 Col Mtg Bk Ts 47 Covenhagen $3s ‘53 _ Copenhagen 6s 62 Cordoba 7 Costa Kica s A 51 Cuba 58 '04-"44 Cuba 6%8 45_ Denmark 438 ‘62 Denmark 6s 42 French Gov 7155 41__. Ger Gen Elec 65 ‘48 ___ Ger Gov bis 65 st Ger Gov5%s 65 un st. Ger Prv & City Bank COn Ag 63%8 55 - Ger Rep 78’49 stpd __ GrtCElJap 6%s’50__ Haitt 68 '52__. ltaiy 78°51 Ital P U Crd 7s '52 Japan 6%s 65 __ Japan 63s 54 Jugos Mtg Bk s '§7 unmat coupon . Medelin 61,8 ‘54 Mex 48 ‘54 asst Mex st 65 45 asst_ Mexico 5s ’45 asst sm_. Milan 6%s 62 MinasGers 634s 69 Sept coupon on_. Norway *1s 65 Norway 41,856 Norway 68 43_. Norway 6s ¢4____ Peru 6s '60 _ Peru 6s 61 Peru 7s 69 Poland 8s ‘50 Prussta 6s '52_ Rima Steel 78 ‘65 Riode Jan 6% s AUg coupon oft Rio de Jan 8s 46 Aopril coupon off Rio Gr do Sul 6s ’68 June coupon off Rio Gr do Sul 7s '66 May coupon oft 820 Paulo St 6 '68 July coupon off_____ Sao Paulo 8t 78 '40___. Serbs 78 *62 unm ¢ o Serbs 8s *62 unm Shin’su E1P 6%s 52 Tokio 63861 _ Tokio E L Ltd Trondhiem 6%s Tyrol Hy Elec 7s '52. Ujigawa EP s 45 Oruguay 6s 60 Venetian M G B 7s'52 Warsaw 7s 58 Yokohoma 6s ‘61 DOMESTIC BONDS. Adams Express 48 °47 Adams Exp 43 5'46__ Alb Per W P 65'48 ww Alleg Corp 68 44 Alleg Corp 65 49 Alleg Corp b8 50 stp Alleg Valley 48 42 Alleg & Westn 4598 __ Allled Stores 4% s ‘50 Allled Stores 4345 '51_ Am & For Pw 65 2030 _ Am Icecv bs'53 Am 1GChb%s 49 Am Int] 63%s *49 Am Tel & Tel 3% 861 Am Tel & Tel 338 ‘66 AmT&T 4%s 39 _ AmT&T6%s 43 _ Am Wat Wks 6s°75__. Am Writ Paper 68 47_ Anaconda deb 4%s '50 Ann A 18t ex fn 45 "95_ Armour & Co 4%s '39 Armour(Del)1st 45'55 Armour & Co Del 48 57 Armstrong Ck 4s ‘60 A T&S Fe gen 4s ‘95 A T&S Fe ad)j 48 95 st A T&S Fe 44848 A T&S F RMt dv4s’65. Atlanta & Birm 4s'33 _ Atl Coast L 18t 48 '52_ Atl Coast L clt ¢s 52 AtlC Lunél%s 64 __ Atl Coast Line 68 45 __ Atlantic & D 4348 Atlantic & D 24 4s %48 _ AtIG& W 168°59 B&O 1st 48 43 8 B&O 4%s 60 Balto & O ref 6895 A B & O ret 682000 D ret 6895 C_ Bell T of Pa b8 48 B Bell T of Pa 6s 60 C. Beth Steel 3%s 66 Beth Steel 4 Bol& Me 68 °65 Bos & Me 65 67 Bot Con M A1;s ‘34 Bklyn Ed cop 8% &6 Bklyn Un EI 6s ‘50 Bklyn Un Gas 68 45 Bklyn Man T 4%s 66_ Bklyn Un Gas 68 ‘50 ) 105.3 106,12 105.14 108.2 109.80 109.20 104.26 114.6 FEDERAL FAIM MORTGAGE. 101.80 101.30 101,80 1018 101.8 1018 1022 102.2 HOME OWNERS' LOAN. 99.14 998 101.8 1018 102.2 110.2 FOREIGN BONDS. Hi®. RY 18 27 14 102.9 106.2 105.9 108, 109,26 109.30 108.20 109.20 104.25 104.26 1143 1143 101, 8 2:585. 99.18 0 100.10 102,16 108,13 108,17 108,28 108.23 106,14 106.14 104.25 104.27 106.9 1063 106.3 106,12 105,12 108,14 108, 99.11 99.26 99.26 106 15 15 15 15 13 9974 101 10134 1003 1012% 100%4 102 10134 10134 102 2434 101 1088 109 ~0i 2034 <0y ALy 0’5 493y 1008 10154 7 Y (133 804y 10134 2634 973 Low. 105% 1065 109 20 2034 40 “« 0% 493y 100% 10144 6% % 5634 80%% 10134 2634 9734 100.28 100.28 2:58. 1064 1003 10134 1614 1% 5633 8034 10134 2634 ¥i4 moy. 105%4 10624 100 100 64 9714 8939 6434 . 108% 4% 9934 98 9% 93y 10634 1085 93% 116% 1224 g 10284 19)4 843 - 10634 11y 214 2% 22 23 22 2204 22 194% 6y 18%, a3 Bl 2334 24 9384 9Tl 7 38 1024 64 ¥134 105 11634 82 2634 2034 2434 293 93 9834 8634 78 80 94k 38y 13 6 i 34 3% 2634 10034 102 106 106 2% 21% 283 48 57___ 10034 10034 100 100 64 9635 894 633 10834 Uy 33 9894 106 uzh THE EVENING STAT, WASHINGTON, D. C., WEDNESDAY, APRIL 14, BONDS ON N. Y. STOCK EXCHANGE . By private wire direct to The Star. TREASU High. Low. 91,16 9710 YT.14 101,17 10114 10117 1009 100.1 100.6 99,19 99.12 99.14 99.14 99, 100.18 100, 102.28 102,23 102.28 102.16 108, 108, 105. 104.29 106.9 High. Low. 2:58. 10834 10834 10834 8634 8414 BBM Brown Shoe 3% s 50 Buff R&P con 4% 67 Euffalo R & P 55'37__. 100% 100% 1003 Bush Term con §s 69 6815 684 Bush Term Bldg 5='60 625 61 61 By-ProdCk 6%s'45__. 103 103 108 Calif Packing 6s* 10 . 104 10344 104 Camag 78 42 ctfs 29% 20% 20% Canada 8o 5862 A 114 118% 114 Can'dian N R 438 °51_ 1113 1103 1113 Can'dian N R 43866 1113 111} 111y Can'dian N R 4% s 57 11034 1108 11084 Can'dian N R 4% #'56. 1131 11814 1183 Can'dlan N 68’62 Oct 154 1164 1154 Can'dian N db 6% s°46 1223 122% 1221 Can'dian Pdb 4s ‘perp 95 9415 95 Can'dian Pac 4%48°46_ 104 104 104 Can'dlan Pac 4%8°60 101 100% 10075 Can'dian Pac 58’44 cfe 11134 11134 1113 Can'dian Pac K« *54 10814 108 1084 CaroCl1& 0 6s'52 A 110 110 Cent of Ga con s *45 _ 30y Cent of Ga rf 5% s '59 20 Cent NN E&G 6s'51 101% Tent of N T gen e *87 7434 Cent of NJ gn 5&'87rg._ 66 Clent Paoc 1at rf 4849 1074 Cent Pae ku '60 = 9y Cent P Tr 8h 4s ‘64 _ 101 Cent RR B Ga 58 '37 2914 Cert’d dab K Ln'48 RRL Champ P & F 4% 550 1063 Chemap C cv x 44 1216 Chemap Corp 6847 _ 138 Mhes & O e 9B ARy C &0 gen 4492 17 Ohi & Alt raf 3e49 K5 ChiIR&Q4%x'T7 10814 ChiR& O gen 455 _ 10817 ChiB&Oreffa'r 11414 Chi R&OT div 21, w49 108 Chi & ¥ T 6a *51 5 a8l Chi & B 158 51 ctfs 8 Chi Grt Wast 45 Chi Tnd & So 4 CM&SH T Fn T CM&SIPRP 2l 52000 Chi & NW gen 4x"R7 Thi & NW 4%n 2027 Chi & NW 4148 2027 C Chi & NW 4% n"40 Chi & NW gon Ru'R7 _ Chi & NW rf fm 2037 _ CHRTRP rf 4n 24 Chi R TR rf 4o R4ntp Chi R T&P 4% 'SR otfs _ ChiR TRP 4% /0 Chi T H&S 1ot fn a0 _ Chi T H&S Tne s 'f0 h1& W In con 48 ‘K2 Chl& W Ind 4y ma2 _ Chi TTn Ste 2% e 'K1 102 Chi TTn St 2%« 63 B 10414 Ch! ITn Sta 4='63 _ 1081 ChilAs & (o Faraz 58 CinG &Ry n'ar R in TTn Ter 2148 D otq 1014 Cin Tnfon Term 5§ 1081« COCAStLrf aun 95 1024 Yy 110 10187 10534 - B4Y Ray 10214 10234 _. 103 1014 104 aBLg . 10014 10414 1024 6 103 102 10714 10214 o7 a0t 10817 1143 106 3814 /R a5 1011 a0y 1084 - 44 *0 20K 2017 48y 14 ” 10 3514 1314 arag so 1013 10014 1084 44 any 201 2014 488§ /1% 22 19 3514 175 arg 82 g 10014 102 1041 1061 R7Y a0 101% 108% ay 1083 a8 110 10180 108 84w COCRSILOWEM 42001 Clev Short L 4% 861 Clev TTn Tel 4148 77 Clav ITn Term §r'72 B Colo Friel & Tr 5u'70 Columhia G & ¥ deb 68°62 Anrf) Colnmhia G & B 5 ‘52 Mav Columhia G&F bs /1 Colum Rv P&L 4= 65 Comel Credit 3% s '51_ Com Tnv Tr 31, a 51 Conn & PRy 4s 43 Conn R& L d%s Cons Coal Del b8 '60 Cons KA NY s 46 n Cons £4 NV 21n’5fn Cons Gas NY 4% '51 Consol O 3348 '51 Consum Pwr 4% s 66 _ Cons Pwr 31870 Consum Pwr 8% s 65 Crane Co 31.%°51 Crown C & S 48 '50__ Cnba RR 1st s 52 _ Cnba Northn 5% s 42 Davton P&L 3%s *A0 Del & Hud ref 4843 Den G & E 5551 - Den & RG con 48’28 _ Den & R G W 63 '55 Den & RGW 6s'55asst Den & R G ref Det Edison 4%s'61 D Det River Tun 4% s'61 Dul S S & At 5s8°37 Duques Lt 4%s 57 B Elec Auto Lite 4852 _ Fl Paso Nat G 4% <'46_ El P&S W 55 '65 stp. Friecv 45’52 A _ Erfecv4s's3 B Frie cons 4s '96 96 Erie ref 5s ‘67 Erieref 5375 _ - Fairbks Morse 48568 __ Fed Lt & Trac 6842 _ Ped L&Tr 55’42 st __ Ved Lt & Trac 6s°42__ Fla EC Ry 4%s 59 Fla EC Ry 5874 Fla E C Ry bs 74 ctfs_ Galv H&H 5348 " Gen Am Inv 58 52 Gen St] Cast 5% s *49._ Gen Mot Acc 3846 Gen Mot Ass 23 s '51 Goodrich 41 856 Goodrich s 45 P Goodvear T&R §s '57 Goth Silk H 5546 ww Great N Ry 45 46 G Treat N Ry 4s 46 H Grt N R gen 43%8'76 D Grt N R gen 448’17 E Green Bay 6362 B Guif M& N6s'50 _ _ Gulf States Util 48 '66 Gulf States Ut 414546 GulfStates St 4155'61_. Hoe (R) 1st mtz 44 Houston Of] 53 s "40__ Hudson Coal 6852 Hud & Man inc 6s°57 Hud & Man ref 5s '57 111 Bell Tel 3%s ‘70 10234 10214 101 10384 95 10014 1043 102 6314 108 101% 10714 1015 a61; a9tg 1005 101 10314 a5 1001 1043 1004 681 103 102 107% 10154 a7 991 1043 ] 1043 o LA 10314 913 10714 313 174 1817 274 1113 1133 10427 551 L 10254 91 1073 31y 1784 173 27 118 13 5514 102% 10084 155 108 85 841 973 82 814 81% 1013 10285 1024 10134 101 7 ey 16 15% 8% 18% 96 96 ~ 101 101 90% 90 10034 1001 991 991 99 98y 108 10414 1043 10434 100 100 13014 1293 10714 1063 10285 10214 102 102 11y 9T 9714 995 9937 103 103 98 98 905 90 102 102 51 60¥ 313 Bl s - 103 133 102% 10214 101% 7 158 184 96 101 9034 10044 991 99 104% 10434 100 1304 107 1025 102 1 973 99% 10534 112} 11234 1123¢ 9lg 933 94l 101 101 101 ) Il Cent 1st 33,851 [11 Cent col tr 4853 111 Cent ref 4s 65 _ M Cent 4%s 66 ___ 111 Cent ref 5s ‘56 ICC&StL N 04%8°63 _ [CC&StL N O 6e°63 _ Tli Steel deb 43 s 40__ Ind Nat Gas 5536 _ 103% 108% [nland St13%s 61 ___ 101% 101% Int Hydro Elec 6s "44 803 Int Ry of C A 65 '72 89 Int Ry Cent A 6%s'47_ 96 Int RT 1st rf 65 66 8034 LRTI1st rtfil 66 ctfs 80 102% 102 an;g 8034 8614 8% 9814 80% 8035 8634 8616 1067 10644 'u 99 6m°41_ Int Pap 1st 68°47A Int T&T cv 438 39 Int T&T 4 %8 '52 Int T&T 68 56 [nt Grt Nr ad) 6s°52 A [nt Pap ref 65 56 - lowa Cent 1st&rf4s'51 James F&C4s'39 Jones&L Stl 4% 8'61A Kan CFS&M rf4s'36ct Kans City So ret 68 ‘50 Kan C Term 1st 43 '60_ Kans G &E41%s'80 . Keith 68 '46 Laclede G 6%s 63 C__. Laclede G 5%s 60 D _ Lake 8&M S0 3%s8°97_ Lautaro Nitr 6s 54 14% G2 944 101 101 56 b5 a1 91 106% 1063 10334 1033 n% 9% 603 6035 6014 9 Leh Val Coal 68 64 «eh Val Coal 68 "74_ .. Leh Val Coal 6538 __. Leh Val Term fis 41__ LV NY 1st 4545 gtd_ LV NY 43%s 40 gtd Leh V Pcon 483003 _. Leh V P con 4%s 2008 Leh V RR con 00 Lex & E Ry b8 '66 Ligr & M: Loew's 3348 ¢ Long Isl ref ¢s 49 Long Isld ref 543 stp Lorillard 7s 44 La& Ark L & Nash 3%s an._- L&N 1st4s 2003 L & N unif 48 40 _ L &N 4%s2003C McCrory Stores 58 ‘51 McKess&Rob b%s'50 MeC RReclt 4845 A __ Me C RR gn 4% 8'60A Man S1st 714542 ctfs Manhat Ry 4s ‘90 Manila RR S L 48’59 Mead Co 68 *4b Mil E]l R&L s ‘61 Mil Spa& N W 48 '47_ Minn&SLries 40 _. 5% 76% 16 116 1293 1298 9% 9T% 10236 10236 1023 10234 1273 1273 2% 92k S 91y 9734 974 10624 10614 1084 10935 1033 1033 10815 10834 101 101 80 80 8 13 46% 46 6% 6% 1043 10434 108 108 365 36% 63 6} \ 6% Minn & St L 5’34 ctfs. Minn & St L6562 A MStP&SSM cn 4s 38 __ MStP&SSM cn 6838 __ MStP&SSM bs 38 gtd. MBtP&SSM 5%s'49 Mo K & T 1st 43 '90_. MOK&T 68’62 Ao Mo Pac 4s°76 _ Mo Pac 6878 G ctfs. Mo Pac 6580 H_ Mob & Ohio 43877 . Monong Pub 8 4% 860 Monong Pub S 6865 Mont Cent b5 ‘37 Montana Pwr 3% Mor&Essex 3% s 2000 Morris&Essex %8s '55 Morris&Essex 68 ‘65__ Namm & Sons 6s 43__. Nashv C&St L 4878 __ Natl Dairy 3% s51ww. Natl Dis PC ¢%8'45 Natl Steel ¢s 65 __ New E T&T 4%s'61 New Jer P&L 4%s '60_ New Orl PS 68556 B _ New Orl Ter 1st 48 '53. New Orl T&M bs 61 B. New Orl T&M 5356 C_ New Orl T&M 6%s 54 N Y Cent3%s'52 w. NY Central 3 %4s 97 NY Central 3%s *46 NY Centcon 4s 98____ NY Cent rf 438 2013__ NYCrf4t%s2013n___ NY Cent rf 582013 NY Cent ev 68 44 NY CLSh33%s'08 NYC Mich C3%5'98 N Y Chi & StL 4546 NYC&St L 4148°78 NYC&St L 5%s '74 A. NY Chi & St L 6s°38 NY Dock 1st 45°51 NY Dock 5538 __ _ NY Edison 3% s 65 D_ NY Edisref 3%s 66 NY G El H&P 4s 49 NY & Green L 5546 NY NH & H 3148°56 NY NH & H 48 55 _ NY NH & H 45 56 NYNH & H 43567 NYNH& Hev 6848 NY OXW gen 4s 55_. NY O&W ref 48 92_ NY Futnam 4893 __ NYQueens con3 % #'65. NY Steam 1st 6s ‘51 NY Tel gen 434s'39_ NY W& B4%s 46 Niag Sh 518 60 _ Norf So 1st ref 656 Norf S 1st rf5s'61 cf: Norf & W 1st 4596 North Am Co b5 61 North Am Ed 6557 A_ North Am Ed 6s 69 C_ North Am Ed 6%s *63_ Nor'n Pac gen 3s 2047_ Nor'n Pac 48 97 e Nor'n Pac 4338 2047___ North Pac 6s 2047____ Ohto Edison 48’66 _ Ont Pwr Niag bs <3 Oreg W RR 4561 Pac Gas & E13%s5'66. PacG & E3%s'61 PacG & E 48 64 A Pac T&T rf 314866 B_ Pac TET 3%8'66C_ __ Pan Am PC 6540 ctfs_ Paramount Pic 68 55 Penn Co 45 63 Penn Dixie C 68°41_. Penn O & D 4%s'77_ Penn P&L 4348 81 Penn RR 3%s'52 Penn RR 3%s 70 C._. Penn RR 4%! ‘81 D_. Penn R R 438 ‘84 Penn RR con 4%s'60_ Penn RR gn 41865 Penn RR deb 4%s 70_ Penn RR gen 6s ‘68 People GL&C rf 58°47_ Pere Marq 1st 48 56 Pere Marq 43,880 _. Pere Marq 1st 5856 Phila Co 65 67 Phila & R C&1 5873 __ Phila & R C&1 63 49 Philippine Ry 45 37 _. PCC&St L 4%8°42C__ Pitts&W Va 4145’59 B PItts&W Va 41,860 C Port Gen El 418 60__ Postal Tel & C 5853 _ Potomac E1 P 3% s'66 Pressed Stl Car 58 51 Pure Oil 4% s 50 xw Pure O11 4 %850 ww__ Reading Jer C 48°51 _ Reading R 4% 7T A Reading R 4%8°97 B,.. Rem-R5%s 4T A ww_ Republic Stl 435 50 Republic Stl 4348 '56__ Republic Stl 4148 ‘61 Republic Stl 5% s ‘54 Revere Cop 4% '56. Richfield Oil 6s 44 _ Richfleld O 6844 ctfs Rio G W col 48 49 A R1IA&L 18t 4348°34 Saguenay Pw4%s'66 St Law & Ad 63’06 __ St L IM&S R&G 48'33_ St L-S Fran 4s '50A St L-S F 4860 A ctfs. St L-S Fran 4%s "78._ StL-SF 4%#78 cf St L-S Fran 6560 B St L-S F 58 ‘50 B ctf: StLS W Ist 488! St LS W 1st ter 53’63 St P M&M ext 68 '43 _ St P Un Dep rf 6572 San A & A Pass 4s°43_ Schulco 6% '46 A stp_ Seabd A L 4s°'50 Seabd A L 4s '50 stp_. Seabd A L ref 4869 _ Seabd A L rf 4s'59 cfs Seabd A L adj 68 49_ Seabd A L 6s 45 A Seabd A L 6s 45 ctfs Seabd A-F 68’35 A ct_ Shell Un deb 3%s '51 Silesian Am 7841 _ Skelly Ofl 48 '51 Socony Vac 334 s "5 South Bell T&T 6 Southn Cal Gas 4 Southn Cal Gas 43 61 South Nat G 4%s'51__ So Colo Pwr 6s "47 A. SoPac3%s 46 So Pac col 4s°49 So Pac ret 4s "55_. SoPac4%s 68 ______ So Pac 4%s "69_. So Pac 4%s 81_ So Pac Oreg 4% So Pac S F Ter 48 So Ry gen 45’56 A So Ry 68 '94 So Ry gen 68 '66_. S0 Ry 6%s '56 So Ry St L div 48°5’ S W Bell Tel 335 '64_. Southw'n G&E 4s 60 Spokane Int 6s *55_ Staley A E 48 '46 Swift & Co3%s Tenn C&1 RR 63’51 Tenn EI Pw 65 47 A_. Term AsSt L 48 ‘63 Texarkana 618 ‘50 rexas Corp 8%ms '51_. Texas & Pac 68 79 C Texas & Pac 5580 D _ Tex & P MPT 6%s '64. Third Av ret 4s 60 Third A ad in ex 6866 Trenton G & H 58 '49_. UnElIL&Pbs" Un Ofl Calif 65°42 A _. Un Pac 3%s'71 Un Pac 18t 484’ Un Pac 1st rf 48 2008 _ United Biscuit 5s'50. United Drug 6853 U S Rubber 65 47 Utah P & L 6 - Utll P &L 63 69 ww.___ UHI P& L 6% 47 Vanadium cv 68 41 Vandalia 4s ‘57 B. Ver Sug 18t 75 42 ctf: Va E & P 1at ref 48’55 VaRy Ist3%s'66 A _ Wabash 4%s ‘78 Wabash 4%s 78 ctfs Wabash 1st 6839 ___. Wabash 2d 68 ‘39 e Wabash 5876 B. Wabash 68 '80 D.. - 1073 High. m;v. 2:55. FUE Lt [ 263 2434 204 18% 554 26 2034 29% 18% 873 6834 80 19 a 5% 2614 2% 2944 183 8734 68%5 80 19% a1y 40% 89 89% 98 99% 9434 104 103% . 103% 103%% 108% 10835 118 17 119% 119 106 9674 92 67 57 59% 107 95% 101 963 89y 89 953 121% 89y 88% 101% 89 88 100% 100 10034 10034 6435 64 60 b9 99 98 99 983 11034 1104 9% 993 35 86 a e o 46 45% 8 8 22y 22 32 813 8635 86 10214 1023 107 1063 106%% 17% 17 10135 1013 3034 293 29 28% 13 113 10834 108'4 1034 1081 102 10134 110% 10234 110% 10834 96 1004 1045 9985 9915 48y 100 10114 100 10534 1043 1061, 9815 10625 106 17 10834 1004 11644 1184 92 9 10215 108% 8% T 10837 105% 90 8915 8985 8814 891 89 95% 9534 107% 107% 8035 80 107% 107 1013 10034 1034 108 9134 97% 1084 10814 i 1005 8214 10834 9634 138 105 108 18 118 974 9TV 9746 107% 107% 1073 10434 10435 10434 10134 1003 101 10135 10134 1013 100% 10034 10015 108 108 :oa 64 68% S4 3835 am - 116 116 116 1073 107 107 17 17 a7 9% 94 94 111 110% 1105 1073 8034 107 101 10814 97% 10814 100% 823 1033 963 138 108 us " 10434 10434 10435 106 106 168 995 9916 9945 10634 10634 10634 108 102 103 59 58 B8l 8935 5835 b9y 10835 10834 1083 11034 11034 11035 298¢ 29% 298¢ 10874 106% 106% 108% 102% 108 88 38 38 3% 35 36 10035 10034 100} 2 92 9 9 39 8 393 9y 39y ELEGTRIC POWER OUTPUT CLIMBS Week’s Gain of 1.3 Per Cent Lifts Total 13.6 Per Cent Above 1936. By the Assoctated Press. NEW YORK, April 14—The Edison Electric Institute today reported power production in the week ended April 10 totaled 2,176,368,000 kilowatt hours, an increase of 1.3 per cent over 2,146,959,000 kilowatt hours in the preceding week and a gain of 13.6 per cent over output of 1,916,486,000 kilowatt hours in the comparable 1936 period. The gain over the preceding week was less than seasonally expected. The Associated Press index of power production for the same week, with 1929-30 taken as 100, declined to 117.6 from the revised figure of 117.8 in the preceding week. The index, which is adjusted for seasonal and long-term trend, stood at 106.7 at this time last year. The range for recent years follows: 1937. 1936. 1935. 1934. 1933 *119.0 119.8 1055 974 91.9 *116.6 102.0 94.1 91.9 80.2 *Revised Percentage increases over a year ago in the major geographical re- gions were reported by the Institute as follows: New England, 14.4; Mid- dle Atlantic, 11.4; Central Industrial, 15.0; West Central, 8.0; Southern States, 6.1; Rocky Mountain, 30.1, and Pacific Coast, 5.6. Washington Produce 1-pound prints. b, 36: 90 scor pound ~prints, UTTER—92 score, Ya-pound prints, 38 pound prints. " 56; tub REATS -Cholce beet. 18 veal. 16 lamb. 21: pork loin pork, 21: {resh ham, 23; sliced “bacon, calves. 16; frozen smoked_ham, 2 .;x‘n’n bacon. 28: com- 48814 light hogs, heavies 7%af; 7 v 16, Prices paid shippers, net ington. By the cultural Econo Marl lambs. 6a10. Wash- 0. .S, Bureau of Agri- rket weak and ulel”Pd Re- (‘(‘Inl\ continue heavy & Govern- ment graded medium. extras. ', cent lower. Nearby ungraded eggs at 20% to 1 Current_ receipts 201 hennery whites. 1%, Government graded and dated white eggs (net prices pald shippers. f. o. b. Washington) Extras, laree 247 U. 8. Extras. mr‘dlun\s 21, U. 8. Stand- iaree SUCTRY < Market qutet and un- chinven” Fowl Colorell neany 181 19: Leahoms, 14 1o 15 Chickens, ‘Rgcks and all sizes. mostly 21 to 23, a few Leghorns. 134 to 2% wundx and smaller sizes' 1% Old guineas. 28 o Purkessr O1d hens, 16" to 18: old toms. 15. Fruits and Vegetables. Sales in large lots by original receivers up to K am. today APPLES—No carlot arrivals: one broken and one unbroken cars on track. Supplies moderate; demand_light: market steady. Busiiel buskets U 8. No 1: Virginia. Siay- mans. 2Ve-inch mi inch ‘minimum, 1 00 ards, 37 ® Maryiand, Pen winia and West Virginia, cos bination exx»z fancy and fancy Delicious, Delicions, 2 00 Delicious. scalded, - 5 Cir(on\ Vl-ryhna Pennsyl- vania, Virginia and West Virginia, fancy Stavmans, 1.85 Golden Delicious, * 2.00: Paragons, 1 mans. 1.65-1.85 Golden Delicious, 1.50-1. ASPARAGUS—One Arizona arrived: one unbroken car on track. Truck receipts moderate; supplies moderate: demand slow; market weak. South Carolina, pyramid crates, al, 2 50-3.00; fancy 9 CAl E——One South Carolina arrived; thiee brOKen i ont Nbroken cars o track. Truck receipts moderate; supplies moderate. demand light: market steady. South Carolina, 1'.-bushel hampers. point- ed type: truck receipts. packed locally, 65-85. according to conditio: CARROTS—One California arrived; one broken and one unbroken cars on track Supplies moderate; demand light: market steady. Texas. half lettuce crates. 3- dozen. 1.50 SAULIFLOWER_No carlot arrivals: one broken car on track = Supplies moderate; demand Tight" market steady ~ California, crates. mostly round 1.60 CELERY-—One Florida arrived- four bro- ken and one unbroken cars on track. Sup- plies moderate: demand light; market steady. Florida. individually washed. 16- inch crates. wire-bound and 10-inch crates 0 dozen. 2.00-2.25; XX's. mostly around LETTUCE—Six Arizona arrived: broken and 10 unbroken cars on track. Supplies moderate: demand light: market weak. California "Western crates. Iceberg type '5-dozen 3.00-3.25: few higher. fair condition. seven Onion Prices Steady. ONIONS—One Michigan, one Texas ar- rived; three unbroken cars on track. Sup- plies ' moderate; demand light: market steady. Michigan_and New York. 50-1b. sacks. Yellows. U. 8. No PEAS NG “carior aprivals: and “one unbroken cars on track Plies moderate: demand light: market weal Californi ushel hampers. Telephones, SOt Carame bisha, hampers, ES—One Florida, Maine 1 one bmken Su four 11 market steady. Hun- No. Maine, New " York: 2.00-2.15: -350. New -3 50 Rou . _truck recewz Idaho, Russet Burbanks, stock: Supplies 1ignt. demand 4ow: mare ket weak. Florida, 'bushel crates Bliss Triumphs and Saulding Rose. U. S No 2.00-2.15: ~double-head_barrels Spaulding Rose, U8, No. 1. 6.95-6.50 SPINACH—No ‘carlot_arrivals; one un- broken car on track. Supplies light: mand _light; market steady kets, Savoy' type fina, fair qualicy. 500 V1 STRAWBERRIES—No no cars on track. Truck receipts light: supplies light:" demand lieht. = market steady da, 36-pint crates, fair condi- tion. 5.00-5.50 ber crate. SWEET POTATOES.—No carlot arrivals: no_cars on track, Truck receipts light: supplies _light: £ demand light: market slightly stronger_ North Carolina. bushel baskets, Porto Ricans and Nancy Halls, mostly ‘around 1.40. TOMATOES—One Mexico_arrived: two unbroken cars on track. Truck : supplies moderate: demand : market steady. Florida, wide range in condition, lug boxes green and turning, wrapped. 6x6. 3.0 few 30 Tower x7 % e 7 1.00. MIXED VEGETABLES. Tuo Tetas rived. two broken and one ufibroken cars on_track SNAP 'BEANS—No carlot arrivals: no cars on track. Truck receipts light; sup- plles light: demand lght: market steady. lorida, bushel hampers, green, flat type, fair quality 2.50;" round’ stringless. fair_auanity. LIMA B carlot arrivals: “Supplies. Nght broken car on track de- market weak. Florida. bushel 50 mand light: hampers, 3 FOREIGN MARKETS, LONDON. April 14 (P.—Stock prices closed steady today. although gilt-edged securities were easier as recent buvers switched back to more speculative issues. Trans-Atlantics finished below their best levels of the day and industrials were in good demand especially tobacco. oll and fhipoing shares. Hubber issties d higher and foreign bonds held RIS AT Bourse closed with & mixed tone. Sovernment. aad industrial - shares being on the down side. Bank of France issues lost 40 francs and electrical shares also were lower. Royal Dutch gained 45 francs s High. Low. 2:58. 89%% 89% 39 68} 685 6814 1064 106 1064 80 163 {19% 97 98 97 495 493 0 7 104 104 9134 88 10335 10234 1083 10674 106% 10634 1083 108} 108'4 36 3634 36 108% 108% 108% Wabash 6%s'75 -1y, 8% WO UTBGEM Walker H&S ¢%8'45 Walworth 48°55 Warner Bros cv 68°39. West Penn P 34866 W Sh 1at 48 2061 gtd W Sh 1st 4s 2061 reg. West'n Md Ist 45'62__ West'n Md 6%s 77 Westn NY&P gn 48743 West'n Pac 68 46 A as West'n Un 68 '51. . West'n Un 6s 60 108 103 108 Wh&LEcon 4s'49__. 107 107 107 Wheel Steel 43,8 °68 _ 98% 98i 984 W SpSticon 7s°35ct. 41k 413§ dllg Wilson & Co ¢s 66 . 10035 99% 100% WisCent 1st gn 48°49. 27)§ 27} 27} Y'ngstnS&T 33%48°0x.. 144 1426 142}4 Y'ngstn S&T 48°61___. 100% 99% 100 1937. Insurance Sales In March Show 19 Per Cent Gain By the Assoctated Press. NEW YORK, April 14—New life insurance written in March was esti- mated at 19 per cent greater than in March, 1936, in a report by the Association of Life Insurance Presi- dents. ‘The report placed the new business produced by 80 companies having 83 per cent of the total life insurance outstanding in all United States legal reserve companies at $917,780,000, compared with $771,311,000 for the same month last year. For the first quarter new business of the companies was $2,299,881,000, against $2,114,707,000, or a gain of 8.8 per cent. VARIETY STORE CHAINS REPORT LARGE GAINS By the Assoctated Prei NEW YORK, April 14—Syndicate Store Merchandiser's seasonally ad- Justed index for sales of 12 variety store chains in March rose to 95.5 per cent of the 1923-25 average, com- pared with 90.5 in February and 81.3 for March, 1936, the publication re- ported today. An unusually heavy volume of Easter buying was noted. REGISTRATION STATEMENTS. By the Associated Press. Registration statements for proposed new securities filed today with the Securi- tes Commission included: Naybob Gold Mines. Lid., Toronto. On- tario, 2.000.000 shares of $1 par value common stock: estimated $1,100,000 pro- ceeds intended for construction and de- velopment; underwriters, Johnson, Ring & Co.. Boulder Dam Hotel Corp.. San Diego. Calif. $575.000 of $5 par value common stock: for purchase of land. equipment, construction and working capital. no un- derwriter named. Interstate Department Stores. Inc.. New York. 301,37 shares of no par_value com- mon " stock; proceeds to subsidiaries for bank loans and working capital; under- writer to be named later. British-American Mining Co.. Philadel- phia. 500,000 shares of 10 cents par value common stock. to be sold at minimum of 50 cents and maximum of $1: proceeds for construction, development and _working ¢apital: underwriter. Jullan H. Perguson ne. BOSTON WOOL MARKET. BOSTON, April 14 (#.—(United States Department of Agriculture ) —Business was slow in the wool market today. A few purchases for immediate needs were made by manufacturers An occasional offering of country packed medium grade Ohio and Michigan fleece wools. including combing and clothing of three-eighths and quarter blood packed together. sold at around 45 to 5t cents in the grease, delivered East. Office Space For Rent 1,300 square feet of exception- ally desirable front space in modern elevator building in heart of business and financial district. Apply Wm. J. Flather, Jr. 1508 H St. N.W. Na. 1753 New York Central Railroad Convertible 3'1% Bonds Due May 1, 1952 and Rights Bought—Sold —Quoted ALEX. BROWN & SONs ESTABLISHED 1800 CONSTRUCTIO‘\I LOANS and LOANS ON IMPROVED PROPERTY in the District of Columbia Nearby Maryland and Virginia 5% Prompt Action B. F. SAUL CO. 925 15th Sireet Natl. 2100 SAVINGS HERE ARE INSURED YOUR ACCOUNT I3 INVITED INTERSTATE BUILDING ASSOCIATION WASHINGTON PHONE BLDG. DIST. 9486 FINANCIAL. INSURANCE STOCKS NEW YORK. April 14 (# —New Security Dealers' Association. b Asked. 1051, Bid Aetna Cas (2a) __ 1017 Aetna Ins (1.60)_ Aetna Life (80a) Am Equit (1.60a) x Am Ins Newark (V2a. Am Am R Am Burety (2Va Automobile () Balt Amer (20a Carolina (1.50) Ty of 'Y (120~ Gorn’Gen Lif (K03 Contin, Cas, (1:50) id & Dej Fements Nwk Frank Fire (1. . Relgsur ()2 Glen Fall Globe & Globe & R Great Amer (1a)- Hanover (1.60) Hartford Fire (2) Home Fire Sec Home Ins (la) xd Homestead (1) Lincoln Fire Maryland Cas Mass Bond (3%) Natl Fire (2 Rl Lm-}yy 1!"gav ampshir (i.60) Y Fire 30 SorinpAela (4%5a)"C Bun Life (3%ga) Traelers (16) re (2) Srentcnisier (1.208) L a—Also extra or extra: &—Declared or paid 0 far this year, 150 TONS OF LEAD SOLD. NEW YORK, April 14 () —The 8t. Joseph Lead Go. reports that 150 tons of pig lead from Southeast Missouri mines were snld yesterday at $5.85 per 100 pounds St. Loms | FiRsT MoRTGAGE Loans | ‘Dlsmct of Columbia— | | Nearby Maryland— ‘ | Business !and Virginia— Properties Terms from 3 to 15 Years Also Monthly Payment Loans |Randall H. Hagner & Co.! Incorporated Homes Apartments MORTGAGE LOAN CORRESPONDENT New York Life Insurance Co. 1321 Conn, Ave. N.W. DE. 3600 1 PRINTING One of the largest plants in the East.| Equipped to afford the most rapid, efficient | service. Letter Press . offset Estimates Cheer fully Exten MNATIONAL CAPITOL PRESS 3rd & N Sts. N.E. LI1. 6060 Bank of Commerce and Savings | of Washington in the District of Colum- the close of business on March lil 1 (Published 1n response to call made by Compiroller, of the Currency. under Sec- | tion 5211, U.'S. Revised Statutes.) ASSETS. 1.Loans and discounts 2. Overdraits . United States Government obligations direct and/ $1.414.056 143 | 922.959.66 | i 372.400.14 | house, $256 - furniture and leL'CS $£15.200.00 . Reserve with approved Reserve agencles Cash. balances with other banks, and cash items in process of collection . Other assets . Banking 271.374.92 297.427.79 | 327.069.65 12.355.60 - $3.617.707.08 LIABILITIES d deposits of indi- partnerships and corporations $1.565 397.59 Time deposits of individ- uals_ partnerships, and corporations 7. United States Government and postal savings de- Total assets Dem v 1,579.034.62 | posits 22,500.00 . Deposits of other banks. standing Total of items 14 to 18 inclusive: (a) Secured by pledge of loans and r invest- 98.974.05 (¢) Total deposits $3. Interest. taxes and other expenses accrued and unpaid __ = . Dividends ~ declared but not yet payable and amounts set aside for dividends not declared . Capital account: 7.448.11 2.500.00 ‘ommon’ stock. 1.000 shares, par S100 per share Surplus Undivided profits, net_ Reserves for contin- gencies____ 10.000.00 Total capital account Total liabilities MEMORANDUM: Loans and investments pledged to secure liabilities 31. United States Government obligations. direct and/ | or fully guaranteed 213,000.00 34. Total pledged (excluding rediscounts) | 35. Pledged (a) Against United States Government and postal savings deposits &) “Aainst other de- posits - 100.000.00 (g) For other purposes 1.000.00 Total pledged __~ $213.000.00 mmm of Golumbia, City of Washinsion, . | GROOM, cashier of the | above named . Dank. Ao solemily aweRs that the above statement is true to the best of my knowledge and belief S J. GR Cashier Sworn to and subscribed before me this l"lh dly of April lDR . STIVER. { 3: $3.617.797.08 | $218.000.00 | 112.000.00 WILLIAM W. Notars " Fusite. Correct—Attest FRANK OWINGS. [ QUIRK. | D BoSENpERG LSRR8, GATLEY, Directors. FIRST TRUST LOANS Reasonable Rates and Commissions Tyler & Rutherford, Inc. 1512 L reet N.W. ‘llll.nll 0175 Lo Correspondent Mutual Benefit Life Tnsurance Co. OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Desks Steel Files Tables Steel Cabinets Chairs Safes BAUM’S FURNITURE HOUSE 1416 Eye 8t. NW Phone NA. 2184 Money for Construction Loans and Loans on Improved Properties Prevailing Rates FIRST DEED OF TRUST ONLY GEORGEI. BORGER 643 Indiana Ave. N.W. Nat’l 0350 Investments First mortgage notes, 6% S new buildings m Washington and near- $500 up. Interest 6% per annum. Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 well secured on con- by Maryland. Denominations of Established Nearly 40 Years You Need Our Help On INSURANCE It is 50 easy for one who is not trained to make mistakes in insurance that would represent quite a tidy sum of money. You can avold this possibility by having us prepare a complete plan or a single policy. May we serve you? J. Blaise de Sibour and Company INSURANCE BROKERS 1700 Eye St. NNW. NAtL 4673 Reserve Dis 5. REPORT OF THE WNDITIQN D' THE Hchchlen Banking Corporation the District of Colum- shed in response o call f the Currency, 5. Revised under Section 5211, Statutes.) ASSETS. Loans and discounts......$2,177.160.23 2. Overdrafts ... 39854 . United States Government bligations, direct and/or fuly T31,183.14 699,154.29 fully gus . Other bonds, securities ... . Banking house. -$39,185.75 Purniture and fix- tures ........ 63,898 40 . Real esiate owned otner than banking house. 8 Reserve with approved re- 105.084.15 26.600.35 1,162,332.87 in process of 13. Other assets $2,803.503.81 | 17. United States Government an d postal savings de- posits 10,000.00 18. Deposits of other ~banks, certified and checks out~ standing 11.314.38 Total of items 14 0 18, inclusive (3) Secured by pledge of loans and/or deposits $5,178,174.78 . Interest, taxes and other expenses accrued and umpaid ...... e ts set aside for interest on deventures. .Othc— Labilities v.o.eues 3 al account: 10.240.78 1.703.56 29,836.0% A deben. . $145,000.00: Common stock, 3.000 shates, Dar $50.00 per share, $150.- Surpiua Undivided' prof- its—net .. Reserve for tingencies . TRt Gapicad’ ncom: 520,391.35 Total iiabilitles .... MEMORANDUM: Loans ai pledged to secure liabilities: 31. United States Government obligations, direct and Jor fully guaranteed. .. 34. Total pledged Tediscounts) . 3. Pledged: (8) Against United States Government and Dostal savines e i . 3.000.00 " Clea: o 1.000.00 (@ Aooinet Gin e de: posits . (®) To_secure House Assoclation. (h) Total pledged 500,00 city ot WaeEingren. " Disiiict of Gorum- b L “ARCHIBALD MCLACHLEN, Oashier of the above-named bank do solemnly swear ‘hat the above statement is true to the best of my knowledge and belief ARCHIBALD McLACHLEN, ‘ashier Bworn to and subscribed before me this 12th dey of April, 1937. C. C. GUERTLER, (Bastd Notary Public Attest et A . P. MCLACHLEN, CLYDE D GARRETT. Bl SornT R \sm D% 7th and Mass. Ave., N. W. Eighth and H Sts., N. E. MEMBER FEDERAL REAL ESTATE LOANS ’ on Improved Property Monthly Payments or Straight 3 year Loans Consult Real Estate Department AMERICAN SECURITY AND TRUST COMPANY Main Office ¥IFTEENTH STREET AND PENNSYLVANIA AVENUE Branch Offices INTEREST Seventh and E St., S. W. 1140 Fifteenth Se., N. W. MEMBER FEDERAL DEPOSIT INSURANCE CORP. RESERVE SYSTEM