Evening Star Newspaper, April 24, 1940, Page 19

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DI-6270 Suite 304 Us About a<First Mortgage Loan with which to buy or build @ home, refi- nance a trust. * We are making such loans in any required amounts, upon ap- proved applications— offering choice of these plans: 3-Year Straight Loans or Monthly Payment Loans . Also F. H. A Facllities We will make promp: !responding 1939 period. | In T | Kevstone | Selertad Too ANCIAL. Texas Gulf Sulphur Reports $2,045,007 Net Profit Result Compares With $1,434,466 in First 1939 Quarter By the Associated Press. NEW YORK, April 24—Texas Gulf Sulphur Co. reported yester- day for the March quarter net earnings of $2,045,007, equal to 53 cents a capital share, compared with $1434456, or 37 cents a share, in the first 1939 quarter. McKesson & Robbins. McKesson & Robbins, Inc., drug makers, and consolidated subsidi- aries earned net profit of $963,186 in the March quarter, excluding ineerest and amortization charges on the 20-year 5!, convertible de- bentures, William J. Wardall, reor- ganization trustee, reported. This compared with $633,565 in the cor- Railway Signal. General Railway Signal Co. re- ported net profit for the March quarter of $115882, or 25 cents a common share, compared with net loss of $71,867 in the like 1939 period. National Biscuit Co. National Biscuit Co. reported for the March quarter net profit of $2,803,101, equal to 38 cents a share on the common stock, compared with $2.969,333, or 40 cents a share, in the March quarter last year. Factory Auto Sales Are Highest Since 1929 Factory sales of automobiles in the first quarter of 1940, the Census Bureau says, totaled 1,259,027, the highest for any similar period since 1929. Pennsy Loadings Increase NEW YORK, April 24 (#).—The Pennsylvania Railroad reports rev- enue freight carloadings for the week ended April 20 increased to 95,341 from 91,808 in the preceding week and 78,086 in the comparable 1939 week. Investing Companies NEW YORK. April 2 Association Securities Dea P —National lers. Inc. Fd_7nd Inc | aut Sec cks t Inv Corp A _ Basic Industry s *Blair & Co Bullock Fund Can 1Inv_Pund :Central Nat Corp A ‘Central Nat Corp B Century Shrs Tr Chemical Pund Comwlth Invest Continental Sh of Corporate Trust Corporate Trust AA Corp Tr Accum Corn Tr AA mod Corp Tr Acc mod Cumulative Tr Sh Deoos Bk Sh N Y A epos Ins Shrs A sifled Tr 3000 idelity_Fund _Inc *First Boston Corp First Mutual Tr Fd Fiscal Fund Bk 8h Piscal Fund Ins Fixed Trust Sh A Found Tr Sh A Fund Investofs Inc Fund Tr Shrs A Fund Tr Shrs B __ Gen Capital Corp Gen Tnvestors Tr Group Sec Agricultural® Group Sec Automobile .- Group Sec Aviation Groun Sec Building _ Groun Sec Chemical Groun Sec Foods Group Sec Invest Shrs Group Sec Merchandising Groun Sec Mining Group Sec Petroleum Groun Sec PR Eauip Groun Sec Steel Group Sec Tobacco Incorp Trvestors ndevendence Tr Sh 1st] See K Group _ Instl Sec Tavestors Kevstone Kevstone Keystonn i3 Diom DRl 22550. $3RI2TL 298 m Pd Cus Cus [ Custadn Cristarn Cnstodn Kevetona Kevstone Keystone ¥eysione Kevstone, Manhat Bona Fund Marvland Pund Mass Invest Tr Mutual Invest Nation Wide Sec Nation Wide Voting Natl Investors New Encland Pund Y Stocks Automobile Stocks Aviation Stocks Bk Stacks Stocks Blde Sunply Stocks -Chemiral Stocks Elec Eanip Stocks Tnsurance Stocks Machinery Stocks Olls Stocks Railrnad N ¥ Stocks R R Equin _ N Y Stocks Steel Nor Am Bond Tr o Nor Am Tr Sh 1053 Nor Am Tr Sh 1033 Nor Am Tr Sh 1034 Nor Am Tr sh 1058 motith ™A Tnc Putnam (G) FunA Quarterle Tneame Sh Schoellkonf-Hut & Pom Selecton Am Sh e yme 8h PREEFEE A ZZAZZAZL 2] tes Soveresen Tndast = Snmencer Trac- Fund Stand T Tne *State Strant Tnuast Super of Am Tr A Super of Am Tr ® Sumer af Am Ti AA Snmervised Shrs ‘Trustee Stand Tov € *Trustee Stand Tnv T *Trustee 8" Ofl &hre A *Trustes St OF Shs B Trusteed Am Rk R .. 70588 Trusteed Industrv Shrs -2 R@ 08 Wellineton Fund 1434 1578 Quotations furnished by National Asso- ciation of ‘Securities Dealers. Inc.. which transactions or firm bids or offers. but should indicate aoproximate prices. and unless otherwise {ndicated, are as quoted by snonsors er issuers. *Indicates “Not quoted by sponsors or issuers.” Foreign Exchange NEW YORK April 24 |, pound weakened exchange market had given overnight con- sideration to English war budget figures. Sterling dropped 23 cents in relation to the dollar. a wide swing when viewed against the comparative stability of the currency in the last week or so. he Canadian doliar_followed suit lost % of a cent cents. Currencies of the neutral countries held their ground, “the belsa even advancing of & cent dexiers said immediate eftects ~—The British at present. New influences likely to affect the price of sterling in the future. however, were seen in ¢he Drogrlm outlined for vigorous stimulation of branches of England’s ex- port trade Late rates follow (Great Britain in dol- 1ars. others in cents.) Canada. Official Canadian Control Board rates for United States dollars: Buying, 10 per cent premium: selling. 11 per cent pre- mium. equivalent to discounts on Canadian dollars in New York of buying, 9.01 per cent: selling, .00 per cent. Canadian doilar in New York open mar- ket 16 per cent discount, or 83.75 United States cents. Europe. Great Britain, demand. |to 19.5 cents a share, against $198,~ states thev do not necessarily reflect actual | P today after the foreign | c: and | at 83% United States | | of the British budget measures affecting international trade were difficult to gauge THE EVENING STAR, WASHINGTON, D. C, WEDNESDAY, APRIL 24, 1940, Freight Carload m‘nlly Fi::roli | WA ."fl?"\_?fl’ BILLIONS OF KILOWATT HOURS NG AL L [TF I Electric Power Production (Weekly Figures) B Knwiess BB Bituminous Coal Production AT Et’mll PER CENT ¥ 4 A ] ] e STAGE OF BUSINESS REFLECTED—The above chart reviews changes in four leading barometers. Ratio of Operations to Capaci RET AR /] (Weekly Figures) (Weekly Figures Schenley Distillers’ Net for Quarter Is $1,233,011 Scott Paper Co. Reports Earnings of $379,239 During Period By the Associated Press. NEW YORK, April 24 —Schenley Distillers Corp. reported today for the March quarter net income of $1,233,011, equal to 79 cents a com- mon share. This compared with $1,061,542, or 65 cents a share in the 1939 first quarter. Scott Paper Co. Scott Paper Co. reported for the | first quarter net earnings of $379,239, | equal to 56 cents a common share, compared with $288.983, or 43 cents a share in the comparable period a year ago. The Lambert Co. The Lambert Co., holding concern for pharmaceutical firms, reported for the first three months of 1940 net profit of $439240, equal to 59 cents a capital share, against $433,- 443, or 58 cents in the comparable period in 1939. General Theaters Equipment. General Theaters Equlpmen'.‘ Corp. reported for the March quar- | ter net profit of $212,681, equal to 36 | cents a common share, compared | with $145,544, or 24 cents a share in the March quarter of 1939. Norwich Pharmacal Co. Norwich Pharmacal Co. reported for the first quarter net profit of $206,562, equal to 26 cents a share on the common stock, compared | with $165,858, or 21 cents a share in | the comparable period last year. Technicolor, Inc. Technicolor, Inc., reported 1939 net profit of $912,614, equal to $1.07 a share against $1,050.536 or $1.24 a | share in 1938. Preliminary figures | indicate a first-quarter profit of $556,000 against $310,468 in the 1939 first quarter. ; International Paper Co. | International Paper Co. reported for 1939 net profit of $5,090,465, equal to $5.30 a share on the 7 per cent cumulative preferred stock. This compared with net profit in 1938 of $54,794 or 6 cents on the 7 per cent preferred. The company is controlled by International Paper & Power Co. Commercial Solvents Corp. | Commercial Solvents Corp. re- poried consolidated net profit for the March quarter of $513,560, equal 042, or 7.5 cents, in the March quar- | ter, 1939. Plants are in Indiana, Illinois, Louisiana and California. Short-Term Securities (Reported by Smith, Barney & Co.) Ala Gt South “A" 55 43 _ Alleghany Corp cv 3s 44 Amer Tel & Tel 5las 43 _ Austin & Northw 5s 41 Central Foundry 6s 41 Cen R R of Ga bs 42 Chicago Union Sta 4s 4 Childs Co 5s 43 Colo Fuel & Iron 5s 43 Conn & P Riv R R 4s 43 _ Container Corp 5s 43 Cuba Nor RYs blzs Delaware & Hudson 4s Fed Lt & T Int Hydro-Electric fs 44 Int] Merc Marine 6s 41 Lacede Gas Light bs 42 yers 7s 44 C & Hud Riv 4s 42 N Y & Long Br 41 Norfok & Southern 5 Pennsylvania Co 31 Penn-Dixie_Cement Penna R R Co 4s 4 Peo Gas Lt & Coke fs Phila Balt & Wash 4s 43 Studebaker Corp fs 4 Tex & New Orleans 5s 43 Union Ol of Calif s 42 Utah Pow & Licht 55 44 Warren Bros 6s 41 = Western N Y & Pa 4s 43 _ 10815 92 1113 1013 30% 31 108Y% 108% Jersey City Livestock JERSEY CITY. N. J.. April 24 (# (U. 8. Department of Agricuiture).—Cattle, salable; total. 950. Steers active, fully : one small lot good 1.300-pound ennsyvlvanias, 10 50: four loads medium, 1.102-1.294-pound Canadians, 9.25-50; small lot medium and good, 1.050 pound New Jersey, 9.50-10.00: one lot common 1.110-pound nearbys, 8.40; few mediums. 1.100-pound heifers,” 8.00; one smal lot medium 048-pound New Jersey feeders, R25. Cows active fully steady; top me- 25 to 50 higher: medium. 6.50-75 tstanding. 7.25: cutter and com. 25; canners. 4.00-5,00. Bulls dy to easi few abovi T and common. 5.75-6.00. Vealers. 130 salable: total. 1,060. Market slow. steedy to 50 lower: most decline on medium_kind; good and choice nearbys, 10.50-12.50: ‘common to medium. 8.00- 9.00: culls. 5.50-7.010. Hogs. 100 salable (Jersey City, 9): New York, 100; total. 1.760. Butcher hogs most- v 25 higher 202 6.65 ‘pounds. poind packing sows. 4.50v heep and lambs. none salable: S| total, 2,080. Market nominal. U. S: Treasury Notes NEW YORK. April 24 () —Prices auoted in dollars and thirty-seconds: er cent. Month. 1% Jun 12 \pprox. Al . Year. Asked. yield. 040 2 June, 1. & Dec.. 1940 Mar,, 1941 =3 REREES i 238322 BEESSES"TEES | Capita) ‘Iraction 1st 5 Westinghouse Reports Huge Backlog By the Associated Press. NEW YORK, April 24—Unfilled orders of Westinghouse Electric & | Manufacturing Co. on March 31 to- taled $82,637,841, compared with $46.924240 a year earlier, A. W, at their meeting today. them working full time, he said. Bookings in the first quarter to- taled $65,250,169, against $50,120,832 in the like period last year, while sales billed were $51,448,038 against $41,291,981. Director Elected NEW YORK, April 24 (#).—Leo T. Crowley, chairman of Standard Gas & Electric Co. and former chief of the Federal Deposit Insurance Corp., was elected a director of Philadel- phia Co. at the annual meeting, it was announced today. Ward Perrot, associated with Standard Gas, also joined the board. Frank R. Phillips was re-elected president. | Washington Exchange SALES—AFTER CALL Potomac Electric Power 6 1 at 115. Capital Traction 1st 55—$1,000 at 10125 Potomac Electric Power 5!3 45 at 115. BONDS PUBLIC UTILITY, pfd— % pfd— Bid Askel Anacostia & Pot 5s 1040 _ 102Y4 Ana & Pot Guar 5s 1948 — 112 s 1047 101% City & Suburban 3s 1948 102 Georgetown Gi 5 30 Wash Rwy & Elec 45 1851 108'z MISCELLANEOUS, Chevy Chase Club 1st 4145 57 104 Col Country Club 1st 4Vas 57 103 Ter Rf & W Cp 1st 4%as 45 105 STOCKS PUBLIC UTILITY. Amer Tel & Tel (9 Wash Ry & El com (£36)__ 760 Wash Ry & El pfd (5) 117 BANK AND TRUST COMPANY. Amer Sec & Tr Co (e8) ___ 2 Bank of Bethesda (75) Capital (v4) Com & Savings (y10.00)_ Liberty (6) Lincoln (y5) Nat! Bav & It (4 Prince Geo Bk & Riges (eN) Rizes pfd (5) Washington (6) 21 Wash Loan & Trust (eR) *230 FIRE INSURANCE American (i6) 116 Firemen's (1.40) National Union (.75) TITLE INSURANCE 00) 19 Tr (1.60) 15 ! cotunibia dc.30) Real Estate (mi) i MISCELLANEOUS. Carpel Corp (2.00) i Lanston” Monotype (2.00).- Linc Serv_com (71.00) - Linc §ve 7% or of (3.50)° Mergenthaler Lino (p. j Natl Mtge & Inv of (d.35) Peoples Drug Str com new__ Real Est M & G pfd (.50)__ Security Storage (5) 5 Ter Ref & Wh Corp (3)" - Wdwd & Loth com (s2.00) Wdwd ‘& Loth pfd (7) *Ex-dividend tPlus extras, extra. g $14.00 1939. Kk 20c extra. m $1.50 20, 1931 paid Decem v$1.00 extra paid January, 194 extra. e-r Ex-rights d35¢ oaid in 1930, 9 2% s Spala"Décomber” 35 paid ‘September 939t 50¢ .~ 193! 0. ¥ 85.00 2| Chicago Livestock CHICAGO, April 24 () —Curtailed hog supplies again boosted hog prices tod lifting top (o $6.65, best since last No- vember, Steer trade was slow and early sales steady to weak, While fat wooled lambs opened around 25 cents down. Hog receipts in the open market to- taled 9.000, or 2,000 less than advan estimates. while big packer direct re- ceipts amounted only to 3,000. Most good to choice 1X0 to 300 pound hogs sold from $640 to $6.60. Strength in the live- stock market was reflected in the dressed meat irade. where best pork loins ad- vanced another 2 cent to 18l cents a pound, highest since last October Bidding was generally 25 cents lower on both " heifers and steers and there was scarcely enough done on_ the latter to establish a market by midsession yooled Western lambs sold from o .40, ted States Department of Agricule ture).—Salable hogs, 9.000; total. ‘12,000; market very slow in developing to full ex- tent: early action fully 10-15 higher than Tuesday average: 'instances more: now talking mainly steady prices: packing sows ‘mostly steady: top, . choice 180-300 pounds largely m to 5.7 salable calves. steer trade opening slow: hardly enough done to Iully establish market at midsession: few early sales both steers and heifers steady to weak: generally bidding around 25 lower on both classes: iiberal run of helfers here: Killing quality im- ed on both steers and : co dy; bulis and practical top weighty sausage bulls, 7.15: besi heavy, kosher vealers, 11.00. Salable sheep. 5,000: total, 6.000; late Tuesday. fed lambs uneven. mostly 15 highs &, soots up more; best handyweight fed wooled lambs, 19.65; bulk, 10.40-65; plain. er kinds and heavies downward from 10.28; best clippers, 9.35: today's trade. fat ooled lambs opéning around 25 ower: several loads good and choice handyweight and medium-weight fed wooled Western lambs, 10.25-40: nothing done on clippers: small'lots light-weight native spring lambs for Greek Easter trade. 13.50: fat sheep jlendy; ‘odd head fat shorn native ewes. .00- Argentina’s government - owned petroleum company now has 11,000 e i b 533355 SEE3EERRSS (Ehe 2 inoninisisi 23TSEER 5 Y employes. United States Treasury Position Robertson, chairman, told directors | All plants are busy, with most of | | BY the Associated Press. Infernational Nickel 'Sefs 1940 Budget 0f §8,325,000 Smelter Improvements Will Take Large Part Of Expenditure TORONTO, April 24 (Canadian | Press) —A capital budget estimated |at $8325000 for 1940 ‘will be ex- pended largely in concentrator and smelter improvements to provide ca- | pacity for treating up to 30,000 tons of ore a day, Robert C. Stanley, chairman of the International Nickel Co. of Canada, Ltd., told| shareholders at the annual meeting | today. The company’s policy now is to| | extract more ore of lower grade, | thus extending the life of the mines, | he said. Due to the war, operations have | |ceased at the company's property | in Finland and the future of the property is uncertain, he reported. | Expected 1941 Production. He added: “During the six-year period 1934-39, inclusive, the ore body (at Kolosjoki, Finland) was | !opened up by a tunnel, shaft and | | underground development, and a| | smelter and a hydro-electric power plant were under construction. Hnd; no interruption occurred, nickel- copper matte would have been pro- duced not later than early in 1941. | ~ “Since its acquisition in 1934 there has been expended a total of $6,723,= 908, and it is estimated that an ad- ditional $3.500,000 will be required to complete the project.” Mr. Stanley added that a reserve | of $6,723.908 had been provided from earned surplus to cover the outlay to date. Since hostilities began all export sales of nickel, copper and Platinum metals have been made under Cana- dian government permits with the sanction of the British government, he said. U. 8. Takes 101,200,000 Pounds. Sales of nickel in 1939 totaled | 210,194,135 pounds. The United | States took 101,200,000 pounds. Heavy sales in the United States were providing the company with sufficient United States funds for all requirements and there would be no interruption to dividend pay- ments in Canada or other countries, he noted. The company’s contract with the British government is effective till September 1, 1940, for the supplying of metals. Should the war con- tinue beyond that date, said Mr. Stanley, “the agreement may be renewed by the Ministry of Supply with due consideration to condi- | tions existing at that time.” Associates Investment Shares Placed on Market NEW YORK, April 24—A new issue of 40,000 shares of Associates Investment Co. 5 per cent cumu- lative preferred stock was offered today by a syndicate headed by Glore, Forgan & Co. and F. 8. Mosely & Co. at $98.50 per share. Proceeds will be added to working capital. The company operates a finance and lending business. 1100 Tons of Lead Sold | NEW YORK, April 24 () —St. Joseph Lead Co. reported 100 tons of Southeast Missouri pig lead sold yesterday at the New York average, no sales for East St. Louis, quoting $4.95. Steel Industry Sees - Litfle Chance for Withdrawal of Cufs Expects Sheet and Strip | Prices to Continue Through Second Quarter By the Associated Press. NEW YORK, April 24¢—Iron Age, forecast “no immediate withdrawal” of recently lowered prices on sheet and strip steel in a weekly survey today. “What is likely to happen,” said the steel magazine, “is a continuance of present quotations for shipment through the second quarter until the time comes for announcement of third-quarter prices. Whether the recent concessions will then be with- | drawn, wholly or in part, probably | will depend upon business conditions in late May or early June.” While some consumers took ad- vantage of the lowered prices, the magazine said, there was none of the rush which followed the sharp cut in sheet and strip quotations in May last year. Feared Spread of Weakness. “Satisfaction is expressed by steel companies,” according to the survey, “that the cuts have gone no deeper and that other products have not been seriously affected, notwith- standing the expectation among a good many buyers that the price weakness might spread.” Looking over the present operating scene, Iron Age said: “Export tonnage continues to be a substantial factor in current mill operations. While the export trade outlook is less promising for the im- mediate future, steel companies have backlogs of unshipped orders. “Steel orders in the aggregate are running abput 10 to 25 per cent ahead of the March volume. That steel business is not much better than it is due largely to a definite lag in building construction and railroad requirements. | Operations Holding Steady. “Steel operations are holding their own. The ingot rate for the in- dustry this week is estimated at | 62 per cent, unchanged from last | week. There have been losses in | some districts and gains in others. “At last the scrap market seems to point to the expectation of some im- | | provement in steel production.” The Iron Age scrap composite advanced 5 cents to $16.13 a ton, the second small gain in two weeks following months of decline. 68,000 Tons of Copper Consumed in March Bv the Associated Press. NEW YORK, April 24¢.—Consump- tion of copper in the United States during March was estimated by the | American Bureau of Metal Statistics | at 68,000 tons, compared with 65,000 | tons in February and 74000 in| January. The figures are based on | shipments from mills and foundries alter allowing for normal return of | processing scrap. | London Tin Quotations LONDON. Aoril 24 (P.—Tin steady: | spoi, £254 5s bid, £254 10s asked: future, £240 b5s bid, £249 10s_asked. ”“. TRUST "O’Vty We WIIl Buy 2nd Trust Notes De- Mrably - Secured- on . Residential Property, Reasonable Rates. National Mortgage & Investment Corp. 1312 N. Y. Ave. NW, NAtional 5833 MORTGAGE LOANS WalkerdDunlop 1200 15th St. N. W. Dist. 0222 for construction loans and term loans from 3 to 5 years in D. C. and nearby Virginia and Maryland. EAL ESTATE MORTGAGE ND GUARANTY CORP. 1610 K St. N.W. NAtional 1403 FINANCIAL. $10,000,000 Bonds For Pennsylvania Turnpike Offered ] Issue to Help Pay For Nearly Completed Superhighway By the Associated Press. NEW YORK, April 24—An offer- ing of $10,000,000 in revenue bonds to help pay for the nearly com- pleted Pennsylvania turnpike was made to the public today by a banking group headed by Blyth & Co., Inc, and B. J. Van Ingen & Co., Inc. The bonds, paying 3% per cent, cdated August 1, 1938, and due Au- gust 1, 1968, were priced at 100 and accrued interest. They are part of a total of $40,- 800,000 authorized for purchase by the Reconstruction Finance Corp. to pay part of the cost of the four- lane highway which will cover 160 | miles through the Alleghenies be- | tween Pittsburgh and Harrisburg, | Pa., and is to be completed July 1. | The R. F. C. now has disposed of $30,000,000 of the bonds. Of the re- maining cost of the project, 45 per cent, or $29,250,000, is covered by a Public Works Administration grant. The bonds are to be redeemed out of revenues from the turnpike and concessions along the right of way. | All shipyards of Italy are busy| constructing Merchant Marine ves- sels. Uniform Service FXR OF ALL KIND No matter what type of Dolicy you need. we can serve you most eMeciently. We are crepared to budget your finsurance costs and finance your oremiums, * Investigate this service! } | J Blaise deSibour ( €o. 1700 Eye St.N.W. ME 3996 Put Your Idle Dollars to Work! Start today, invest $1.00 to $10,000! We'll put it to work earning liberal divi- dends—you’ll readily see the benefits of your investment. Your savings insured up to $5.000 by an agency of the U. S. Govt. INSUREDH) FIRST TRUST LOANS Made in Virginia, Maryland and D. C. at current rates on long time payments. NQRTHWESTERN SAVINGS & LOAN ASSN. No. 1 Colorado Bldg. NA 7335 G Bt. at 14th NW. Branch Takoma Pk. to Large and Small Depositors Alike When you give us your banking business you enjoy the facilities of our complete service— rendered in thot friendly way for which the Second National is famous. 1333 G St. N.W. HOUSES Loans repayable Interest charged principal. [ REAL ESTATE LOANS 4Y2% Fred T. Nesbit 1010 Vi Ave. bl 9392 Money for Construction Loans and Loans on Completed Properties (Owner occupied or rental) Favorable Rate FIRS1 ODEED OF IRUS1 ONLY 643 (ndians Ave AW Nat? 0550 Free to Executives and Investors 16 Bank and Trust Company Statements A reprint of reports of con- dition of 16 Banks and Trust Companies of Washington, D. C., and vicinity as of March 26, 1940, which ap- W Iy ET us handle your real estate and home loan financing. Applications considered on improved property, not only in Washington but in-nearby Maryland and Virginia. There are no commissions or renewal charges. Interest only on unpaid balance of principal monthly. * Many savers have accumulaied substantial balances by regular additions o their share accounts with us. Consult any of our officers for information. No obligation, of course. BRI BUILDING 185 OFFICERS: ' The Secongy fshington 915 F ST. N.W. OCIATION ational Bank 509 Seventh St. N.W, Organized 187 Member Federal Deposit Insursnce Corporation MORTGAGE LOANS APARTMENTS BUSINESS PROPERTIES RANDALL H. HAGNER & COMPANY INCCRPORATED MORTOAGE LOAN CORRESFONDENY HiwQork Ly Inuorance Conpony 1321 Connecticut Ave. N.W. Telephone DEcatur 3600 IMPROVED D. C. AND NEARBY MARYLAND PROPERTY For buying, rebuilding or refinancing at prevailing rates of interest. & monthly. No charge for appraisal if loan is not made. only on unpaid balance of Equitable Co-operative ORGANIZED 1879 LINCOLN 0130 DIRECTORS: (benevolent ce. 0.6615: Hun- gary. 17.65n; Italy. 5.05: Netherlands, 52.09: Norway unauoted: Portugal. 3.45n: .55n: Sweden, 23.75n; Bwitzer- 3; Yugoslavia, 2.35n. Latin America. Argentina. official. 29.77; free, 23.10; fgl:é’l.ennfl?:hly 6.05; free, 5.10; Mexico, 50, peared in The Evening Star. Invaluable reference book- let. Free on request to Ex- ecutives and Investors. Ad- dress Advertising Director, The Evening Star report upon your ap- plication. B. F. SAUL CO. 925 15th St. Na. 2100 Mortgage Loans By the Associatea Press. / i The position of the Treasury April 22 compared with comparable date a April 22, 1940. Sgmetily it 10MN £ MERGNER CHA il Ay ¥ lphare WILFRED M. 3 xg HOWARD 8. KRAMER, 'hu:l':- %“ D Agl.':e‘l’l'o’“ SUY M. NEELY, Consuitant Appraiser on: W 0. PA Assets are now in excess of $12,600 ,000.00 i MILTON W. PROSPERI, Chairman of Hoard CHARLES W. Kil President. ' ARTHUR C. BALSE Office Hours 9 to 4— Saturdeys 9 te 13 Receipts Ne palance et bal % Working balance inciuded_ Customs ripts for mon Receipts for year ( Expenditures —ooo eess of expendliiires Gross debt NALL IMER SR ABLISHED 874 Zmi N S Far East. Japan, 23.48; Hong Kong, 21.84; Shang- i - Rate bles u: therwise ates 1:;51"13)1-- nless of hl‘ indicated. D295 DD Zis) SIBRE2338