Evening Star Newspaper, April 26, 1940, Page 21

FINANCIAL. American Cyanamid Reports $1,675,§02 Net in Quarter Result Compares With THE EVENING STAR, ‘WASHINGTON, D. C, FRIDAY, APRIL 26, 1940. : General Motors Units Report Substantial Sales Increases FINANCIAL. A-21 BUILDING SUPT. Available also as foreman, engr., arch. draftsman and estimator. THORO trained. Box 96-B, Star, or F. J. 8, 1302 Conn. Ave. balances and related items during the week snd the year ended April 24, 1940, were reported as follows: Apr. 24, Apr. 17, Apr. 26, 19 040 19; an muhom of dolla: Excess ’Bank Reserves Climb $70,000,000 To New Record Earnings Amounted to $2.19 Per Share in 1935. Stock Sold Between 17.58 and 45.43 Times Biks discounted Bllls!be hi I Amounted to $1.09 Per Share in. r 1938. Stock Sold Between 5321 “ and 102.29 Times Between 13.79 Amounhm REALTORS SIN and 2453 Times ORS CE 1888 Tente—ABHL 34) —3 $1,040,478 in Same Period Year Ago By the Associated Press. NEW YORK, April 26.—Ameri- can Cyanamid Co. and subsidiaries reported net income for the March quarter of $1675602 after charges, equal after preferred dividend re- | quirements to 62 cents a common share, compared with $1,040478, or 39 cents a common share, in the like 1939 period. The company’s main cyznamid plant is at Niagara Falls, Canada, | but it has dye plants in New Jersey, | heavy chemical plants at Kala- mazoo, Mich, and Waterbury Conn., and other properties in New England, the South and Southwest. Creole Petroleum, Creole Petroleum Corp. reported for 1939 consolidated net income of $9,590,366, equal to $1.37 a share on the capital stock, compared with $11,464,757, or $1.64 a share, in 1939. Bon Ami Co. Bon Ami Co. and subsidiaries, manufacturers of cleaning com- pounds, reported for the quarter ended March 31 net profit of $340,- 046, equal under participating pro- visions to $1.63 a share on the class “A” stock and 92 cents a share on the “B.” This compared with $332,.- 885, or $1.60 on the “A” and 91 cents on the “B” in the March quarter of 1939. Lone Star Cement. Lone Star Cement Corp. reported for the first quarter net profit of $553.554, equal to 57 cents a capital share, compared with $586.057, or 61 cents, in the comparable 1939 quarter. American Metal. American Metal Co. the March quarter consolidated net profit of $523.686, equal to 34 cents | reported for | Earnings 20 JEMAMJJA 1935 OND I Ihllllillllllllt’llll Earnings Amounted to to $5.80 Per Share in 1937. Stock Seld Between 11.29 and 26.72 Times Between 17.15 and 2943 Times Earnings JEMAMJJASO 1936 DJFMAMJJASONDJ 1937 LETTERS ABOVE ARE INITIALS OF MONTHS: J FOR JANUARY, ¥ FOR FEBRUARY, ETC. PRICE OF JOHNS-MANVILLE CO. STOCK—The above chart shows changes on the New York Stock Exchange since the start of 1935. Earnings AL Ul A PO 1111 e e 111 IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII THTHC A $8.09 Per Share. Stock Sold Betwaen 11.90 and 2497 Times Earnings Earnings MAMJJASO 1939 Equals $1.01 a 1939 Months | By the Associated Press. against $1,716,704, or “ quarter. Ex-Cell-O Corp. reported net a common share, compared with | Profit in the March quarter of $577,- $14.654, a 21 cents a sh’;re on the | 495, equal to $145 a common share 6 per cent preferred stock in the | and the largest first quarter profit Ex-Cell-O Corp. Commercial Credit Earns $1,990, 'In First Quarter Against 86 Cents in NEW YORK, April mercial Credit Co. reported today first quarter net income of $1,990,654 after all charges including preferred dividends, equal to $1.01 on common, common, in the corresponding 1939 654 BY the Associated Press. Share Co. reported today. represented a demand 26—Com- | pooeY: week's total. Comparisons follow: Municipal. Previous week, $8,207,000 Public Utility, $10,250.000 - Rallroad. $4,734,000 Industrial. 86 cents on This week. $30.530,861 New Securities Show Increase During Week NEW YORK, April 26 —Public of- ferings of new securities during the week ended yesterday totaled $56.- 953,288, which was $5,859,201 above the previous week, Poor’s Publishing More than 60 per cent of the total new but municipal issues ac- counted for more than half of .the Private corporate is- sues were small and mostly for the purpose of refunding existing debts. for Year ago $9.020.000 | $52,800.000 Sales and Earnings 0f Montgomery Ward ‘|Soar Above 1939 Avery Sees $5,000,000 Profit for 3 Months Ended April 30 By the Associated Press. CHICAGO, April 26.—Sewell L. Avery, chairman of the board .of | | holders at their annual meeting to- day that the company would earn | about $5,000,000 in the three months ending April 30 this year. Avery sald that net profit for February and March had totaled $2,366,000, compared with $1,961,000 in the corresponding 1939 months, Montgomery Ward & Co., told stock- | Gains Range to More Than 50 Per Cent Over Year Ago By the Ansociated Press. DETROIT, April 26.—The trend of consumer demand for new and used motorcars still is upward. Each of the several General Motors divisions, first to complete tabula- tions for the second 10-day period of April, reported gratifying in- creases over the preceding 10 days as well as gains ranging to more than 50 per cent over the corre- sponding period of a year ago. The trade generally regards the 10-day sales reports issued since the first of the year as bearing out ear- lier expectations of more profitable operations during 1940 than the industry’s average for the last decade. Oldsmobile division of General Motors reported today that its re- tail sales of new units for the second 10-day period of the current month numbered 6,927, compared with 6,313 in the preceding 10 days. Chevrolet previously reported sales of 35491, compared with 32,893 units; Buick, 9,667, compared with 8912, and Pontiac, 7,716, compared with 7,170, Ward's Automotive Reports esti- mated today that the motorcar in- dustry’s assembly plants would pro=-| duce 101,405 cars and trucks this| week. Assemblies last week numbered 103,725, the survey said, attributing | the decline in part to the approach | of the month end “and the attend- \ant need of adjusting schedules to, | meet projections for the month.” Output this week a year ago to- | taled 86,640 vehicles. Investing Companies EW YORK. April 26 (@) fmNational Astociation Securitles Dealers, Inc. (Noon quotations.) [ min 74 2nd Inc Aeronaut Sec Drop in Circulation, Spending and Gold Imports Cited By the Associated Press. Lendable excess reserves of banks increased $70,000,000 to a new record high of $6,120,000,000 in the week ended April 24. The Federal Reserve Board said the increase was due to Treasury spending, decerases of money cir- culation, and imports of gold. The board’s statement said: “During the week ended April 24 member bank reserve balances in- creased $126,000,000. Additions to member bank reserves arose from decreases of $43,000,000 in Treasury deposits with Federal Reserve banks, | $16,000,000 in money in circulation, and $8,000,000 in Treasury cash, and increases of $77,000,000 in gold stock and $5,000,000 in Treasury currency, offset in part by a decrease of $13,- 000,000 in Reserve Bank credit and an increase of $10,000,000 in non- member deposits and other Federal Reserve accounts. Excess reserves of member banks on April 24 were estimated to be approximately $6,- 120,000,000, an increase of $70,000 000 for the week.” Changes in member bank reserve for LATEST NEWS The Night Final Star, containing the latest news of the day during these dramatic times, is de- livered every evening throughout the city and suburbs between 6 P.M. and 7 P.M. Telephone National 5000 Other, reserve bank Total reserve bank edll iy —13 —79 led stocl .7 +77 +2.994 Treasury Surrency~ ‘3653 o4 T1I%4 Member bank re- ! 12,883 +126 +2.980 i serve balances Money” in_circula- | tion 7820 —1g +es| Ireasury cash_ 2,305 —8 —388| Treasury deposits with FR. banks jon-member depos- its and other F. R. accounts —13 +23 —43 —443 +10 Extra Declared By Tide Water Associated By the Associated Press. NEW YORK, April 26.—Directors of Tide Water Associated Oil Co. | declared an extra dividend of 10 cents a share and a dividend of 15 cents on common, both pnyable June 1 to holders of record May 8. Company has paid 15 cents in re- cent quarters. | | | First Mort FOR OWNING Small Monthly Payments Peoples Life Insurance (o. A Wasnington Institution 14th & H Sts. N.W. gage Loans %, Peoples Plan To Rent your PROPERTY EE~ WEAVER BROS in¢ it WASHINGTON BUILDING DISTRICT 8300 YOUR HOME National 3581 s e for immediate delivery. This compared with $149,771, or 38 cents a share, in the like quarter last year. The company, makers of | airplane and industrial tools and | machinery, said the backlog of | orders on March 31 was also the largest in its history. Hamilton Watch Co. Hamilton Watch Co. showed net | profit in the March quarter of $78,~ 031, or 7 cents on common, against | $12.250, or 36 cents on 6 per cent | preferred, in the corresponding 1939 | quarter. Diamond “T” Motor. | Diamond “T" Motor Car Co. re- | ported March quarter net profit of | $22,536, equal to 5 cents a share, against $46,296, or 10 cents, in the like period in 1939. g Granite City Steel. | Anacostia & Pot 56 1949 103% Granite City Steel Co, earned net | g'-'mz‘-‘x Tacilon'1st s 1647 10 m;l/. profit of $43.152 in the March quar- | G‘:g,, ,fl:‘"”"‘ A ter, equal to 11 cents a share, com- | Pot Elec Pow 1 - pared with $13435, or 3 cents, in W::’g“.‘.‘.“;“&"ix:,‘k‘.} 50~ 108 | the March quarter last year. Com- MISCELLANEOUS. pany’s main product is flat-rolled | cnevy chase Club Ist 418 57 104 steel. | Col Country Club 18t 445 87 103 Ter Rf & W Cp, 15t 4Yas 48_ 103 Kelsey-Hayes Wheel. Kelsey-Hayes Wheel Co. reported | STOCKS nec profit for the three months| ended March 31 of $578,108, equal Amer Tel &pgflu’cmu'rxmv to §1.05 a share on combined class | Capital Transit (t.50) “A” and “B” stock. The figures in- ;;ma!\\;zc sl*eo'-n:?oe?‘, 'nh ug cluded the parent company only, | Pot Elec Pwr 5'a0pfd ‘,550‘ o whereas the report for the same|was Gas 1t 00 X280 103 ¢ quarter last year included subsid- iaries, and showed net profit of % W5 Wash Ry & El com (§36)_ s 3 Wasn Ry & EI pfd (5 17 {CAsn"p $135 $324,716, or 59 cents on the combined | shares. £4.200,000 $12,700,000 Miscellaneous, $110,000 - 2 Stock. $25.343.087 Total. $51.004,087 $65,700,000 B March quarter last year. American Hide. American Hide & Leather Co. re- ported for the nine months to March | 31 net profit of $398,692, equal to 35| cents a common share, against $513.- 163, or 54 cents a common share, in the comparable period a year earlier. American Rolling Mill. The American Rolling Mill Co. re- ported consolidated net earnings of $1005,193 for the first quarter of 1940. This was equal to 17.4 cents on common stock after providing for dividends on the 4!, per cent cumu- | lative preferred. The earnings com- | pared with $793,479 in the first quar- ter of 1939. However, the 1939 fig- ure included non-recurring earnings of approximately $400.000, while no such income was included in the 1940 | figure. | American Home Products. American Home Products Corp. reported for the March quarter net | profit of $1.234,116, equal to $1.53 s[ share on the capital stock. s | | t | SN SNENENE NSNS NS NSNS NSNSNSNEN P R R T ST T2 $6.205,000 $5.767.427 " $116.666 Of Course, You Can Save Money To save as you. earn is the successful way. A safe in- vestment of $1.00 to $10,000 will earn liberal dividends payable to you semi-annually. $56,953,288 $127,336,666 | Washington Exchange SALES. Traction 1st 55—1,000 1,000 at 101%;; 1,000 1000 at 101';; 1,000 1,000 at 101'z; 1,000 BONDS PUBLIC UTILITY. SPRING BUILDING ' - HAS BEGUN | Capital 10113; 10112 1015 10115, Your savings insured up to $5,000 by an agency of the U.S. Goot. FIRST TRUST LOANS Made in Virginia, Maryland and D. C., at current rates on long-time poyments. NQRTHWESTERN SAVINGS & LOAN ASSN. No. 1 Colorado Bidg. NA. 7335 G St. at 14th N.w. Branch Takoma Pk E are busy arranging loans for people planning to build, buy or refinance homes in D.C. or nearby Marylond and Virginia. Arrange your home financing with a Columbia Fed- eral "Direct Reduction” loan — each equal payment reduces the amount of interest and ap- plies a greater payment on principal. OLUMBIA FEDERAL SAVINGS I LoAn AssociaTIon and added that he expected April | Afl“'_'"d)l: ; sales to show a ‘xla]ln of about 14 Rmmxiaf\ff ian?; - per cent over April last year. m ¥or inv Replying to questions as to the fi: Gen %ql Ir\:c reasons for the resignations of three | ;Bankers Nat inv Corp A executives of the company in the | *Blair & Co last few months, Avery said that | Beser g pd ¢ no difference on the general policy | Bullock Fund _ of the company had been involved. cfifm[«'r'ix Find - Resignations of Frank M. Folsom, | Somwith Invest vice president, in December and of c%?';:alr".'»'-‘"-}vqr Pt George Vaught, treasurer, in Feb- | Sorporate, Trust AA ruary “had not involved any un- Corp Tr AA Mod pleasantness but had been in the &% Tt Ace Mod ordinary course of events.” gcvm Bk s:"nN Y In regard to the resignation of | Diesics 1& Raymond H. Fogler, president, yes- g“’dfm Shrs terday, Avery said the explanation would be made eventually by Fogler and that the “reasons will be plain when' his plans reach the point where his own judgment lets him explain,” ! Fund Ins o - Fixed Trust 8h A _ Found Tr Sh A Fund Investors Inc Fund Tr Shrs A Fund Tr 8hrs B Gen Capital Corp Investors Tt Group Sec Agricultural Group Group gm\m Stock of Pay- | STOUD Toup od. gecord. able. | Group Sec Invest Shrs -=--= | Group 8ec \('{:hflflfl](inl | Group S=c M; Group Sec Petr Group Sec R R Equip Group Sec Steel Group Sec Tobacco Incorp Investors Independence Tr Sh Instl Sec Bank Group Instl Sec Insurance *Investors Fd ~C- Kevstone Custodn Kevstone Keystone Keystone C Dividends Announced NEW YORK. April 26— Dividends de- clared. Prepa; Pitch Publishing Co.: uq-u.nu. B Sec Automobile 8¢ Blitaine 8ec Chemical | Sec Foods compared with $1,073,610, or $1. 33 Parr Alpaca Co. share in the March quarter last e e ox'.ff'_'x'nc o =3 i med. Southwestern Bell. The Southwestern Bell Telephone Co. reported net income of $4,837,655 | for the first quarter of 1940, as com- pared with $4,361,086 for the first three months of 1939. This is an increase of $476,569. Midland Steel. Midland Steel Products Co. re- ports net profit of $597,682 for the first 1940 quarter, against $540.965 for the corresponding 1939 period. The company declared a regular $2-a-share dividend on the 8 per cent cumulative first preferred to 89 cents a share on 421,360 com- stock, 50 cents on non-cumulative | MO shares, against $120,600, or 35 dividend shares and 50 cents on | CENts each on 343,860 common in the common, all payable July 1 to hold- | March quarter, 1939, ers of record June 14. | o C. BB&lQ l:&llro:: = Playing Card. | cago, Burlington uincy | United_ States Playing Card Co. | Railroad reported March quarter net reports net income of 246,758 for | INCOme of $246,702, equal to 14 cents the three months ended March 31, | & share, compared with net loss of equal to 69 cents a share on com- $282,128 in the March quarter, 1939. mon. Comparative figures were not Doehler Die Casting. Linc Berv com (11,00) avallable as this is the first time a| Doehler Die Casting Co. reported ln'a‘erfi es“vlcm'l‘e fln:x‘;sagm,, quarterly report has been made. net profit for the March quarter of | Ni F ¢ Inv ot (d.35) $303,775, equal to $1.08 a share, against $139,585, or 49 cents, in the March quarter, 1939. ! New Haven Railroad. New York, New Haven & Hartford Railroad reported a deficit after fixed charges for the first quarter Dodge Mfg Corp, Ind 286 __ stand Oil Co. of Kans 60c Initial. t :f $1 !lflu Q 5-15 5-4 e Pee & Inc Actn-nhlel. 3 716 11th Street, N. W. . NAtional 6543 Keystone | Keystone Kevstone Keystone Keystone Manhat Bond Fun Maryland Fund Mass Invest Tr Mutual Invest Nation Wide Sec Nation Wide Voting Natl Investors New England Pund ¥ Slacks Automobile OMPANY. eknlar. el Bl | Atuminum Ld 0% ot 31 Aluminum - Am Home PYM B & Tr Co (e8) 5 B R A S pazziie EETE AR e Square “D” Co. o = _ | Am Metal Ltd Square “D” Co., makers of elec- ) S5 0 A trical equipment, reported March R quarter net profit of $400,858, equal al POPULAR FOR BECAUSE THEY ARE Jndwred Hundreds of Woshingtonians now enjoy the benefits of saving here. Every account up to $5,000 is fully INSURED And liberal dividends are credited every six months. Inquiries invited. Under Supervision of the United States Treasury Indensiate BUILDING ASSOCIATION Washington Building 15th St. & New York Ave. District 8300 pid Sleel Poundllu - Blinichem 80 3 do pfd Butler Mrf v Container Corp - _ Elgin Nat Wateh -2 Lynch Corl Midiand % Prod do %2 non cum ptd 8. Ef uaRer Staif Oil Ref Sherwin _Williams Wath Foen & 'Trust (e8) FIRE INSURANCE American (16) . | Piremen's _ (1.40) | Rutiona ‘unton (75)° TITLE INSURANCE. Columbia (k.30) 4 Real Estate (m6) _______ MISCELLANEOUS. Carpel Carp (2.00) Lanston fiflol]fl! (2.00) -2 s Stocks Blde Supply Y Stocks Chemical ¥ Stocks Flec Equin Y Stocks Insurance Y, Stocks Machinery Y “Stocks Ofls Y Stocks Railroad | N ¥ Stocks R R Equin N Y Stocks Steel ON IMPROVED D. C. AND NEARBY MARYLAND PROPERTY . For buying, rebuilding or refinancing et prevailing rates of interest. Loans repayable monthly. No charge for appraisal if loan is not mode. Interest charged only on unpaid balance of principal. Equitable Co-operative Building Association 915 F ST. N.W, ORGANIZED 1879 Buker Hill & Sul Min_ Eaton Mig Hamilton Watch 2 2AZLLLLZAZZ Van Ri Ton ‘arrearage certineases. Nor Am Tr Sh 1958 __ - Plymouth Fund Inc __ Putnam (G) Pund Quarterly Income Sh Schoellko{-Hut rug Str com new st M. & G. pfd (.50) Security Storage (5) - Chicago Produce 3 CHICAGO. April 26 (®.—Poultry e 41 trucks, ‘easier: hens over 5 pounds_15: | S i 3.founds snd under. 18: Plymouth Rock | — broflers, 242 pounds and dow White | > . Plymouth Rock shringe, 4 | 1939, 3% ds, up. 25 oUnder 4, pounds, Plymouth- b o White Rock. 22%. Other prices 5 l’ pald in Bacember 20, 1940 ¥$5.00 hanged. 931,923, ed. 195. current receipts. packed firsts. 18%. Other Priges unchang d. Eolatoes, 138: on track. 434: total U. S shipments. 745; old stock, supplies liberal: demand slow: for Idaho Russets market about steady on best stock. slightly weaker on fair quality stock with offerings other sections, all varieties. market slightly | : ghacked. per hundredweight. Idaho urbanks. i live, Foreign Exchange NEW YORK. April 26 (#.—The Cana- | dllr\ dollar today added a bit more to yes- terday’s bn;k advance in the foreign ex- ks e major _currencies held _ their ground. ml‘ludmldlhs! B'll&;h uuun%h:r‘:er‘;;l s T e S TG 5P tha | Of 1940 of $1,350,864 compared with do}lar a deficit of $1,242,125 in the like | ‘The Canadian unit gained % cent to 84% | 1939 perioy S “cents. U te Fatss follow (Great Britain in dol- lars. others in cents.) Canada: Official Canadian Control Board rates for U. S dollars: Buying 10 per cent pre- mium. selling 11 per cent premium. equiva- lent to discounts on Canadian dollars in New York of buying 9.81 per cent, selling, £.09 per cent Canadian dollar in New York open mar- ket. 15's per cent discount. or 84.8712 U S. cents, Europe Gru(RBn tain, Selected Income Sh Sovereign _Invest - Spencer Trask Fund Stand Util Inc Super of Am Tr A | Suver of Am Tr B Super of Am Tr AA Suvervised_ Shrs Trustee Stand Inv *Trustee Stand Inv Trusteed Am Bk B Trusteed Industry Shrs _ R Wellington Fund 435 Quotations furnished by National Asso- ciation of Securities Dealers. Inc. which states they do not necessarily refiect ac- tual transactions or firm bids or offers. but should indicate approximate orices. and unless otherwise indicated. are as quoted by the sponsors or issuers. ssspndicates “Not quoted by sponsors or ssuers.” Metal Market YORK. April electrolytic spot. ;export f.a.s. Wawd % Lotn ‘pid *Ex-dividend 1] d 35¢ ulid o citrs steady; prices un- | v8$1.00 ""fix- easier: extra. e-r hts also. Otis Steel Co. Otis Steel Co. reported first-quar- ter net loss of $165513, against $180,325 net profit the same quarter last year. Borg-Warner Corp. Borg-Warner Corp. and subsid- iaries reported consolidated net in- come of $1776240 for the three months ended March 31, 1940. This was equal to 76 cents a share on |2 2,336,713 shares of common stock A mphiiew 0551 outstanding and compared with | & e g Ys e tnohs . g % i No. 1. $1,154,705, or 50 cents a share, on : gmfil; u:a-uhed ;‘1'. per’ hundredweight. 2,302,042 shares outstanding in’ the | Eid Smitial 16, Der5h-pound sacke. U e HnCT corresponding 1939 period. les, 1.15 Insurance Stocks NEW YORK. April 28 (#).—National | Association BSecurities Dealers, Inc.: Bid. Asked. Aetna Cas 120 124 Bliss Triumph few sales 1.1 cent U. 8. No.'1 quality : Early Ohios. car. 85 per ¥. 1.15: Wisconsin s Spcommercials, car.’1 30 car, 1.50." New Stock: Supblies liberal, domand siow: mar- ket weak; carlot track sales and track sales less than carlot ver 5 pound sacks. Texas 1 demand. 3.50%: cables, 14815 00-day, 3.47Y Denmark.’ vnauoted: 26 1.09%: Germany, (®.—Copper Conn. Valley, ¥ tin” America k;z‘e"nnm official. 29.77; free. 23.10: Prozil official. 6.05; Tree. '5.10: Mexico, Japan. 23.48: Hong Kong, 21.85: Shang- 10 S cables unless otherwise indicated. n nominal.) U. S. Treasury Notes NEW YORK, April 26 (#).—Prices quoted in dollars ard thirty-seconds: 3 S| 171.00- 175.00 nom- el ch%mm aluminum, antimony. piat: Amta) o ek iy Nos L | inum. Chinese ‘wolframite' and ~domestic U. 8. No. me A #0d condition."very seheriite” unchanzed. few sales. 8."No. 1. showing ‘few e spotted sack 4nd showing decay and REAL ESTATE LOANS 4Y2% Fred T. Nesbit 1010 Vt. Ave. DL 9392 Foreign Markets LONDON, April 24 (f.—Tne securitles | & market steadied late today after opening TF declines. _ British government bonds re- | Hartford Fire “l2n) covered ail of morning losses and Kafirs | Home Fire Sec responded to late local buying. Rails were | Home Ins (1.20a) unsettled by labor and budget uncertainties. | Homestead (1) Brewery and heavy industrial stocks moved | Knickerbocker (%a) up. but tobaccos showed further weakness |Lincoln Fire and textile shares " continued downward. | Maryland C: Royal Dutch was & soft spot among well. | Mass Bond maintained oils. Japanese loans el back Nltl Fire (2) in the foreign bond market. £4 Rates .‘.7 e flaliona/ lgermarunl S LOANS ARE BASED UPON A Direct Reduction Plan Interest is charged only on the ACTUAL BALANCE DUE at time payment is made When buying, building or refinancing a home every item of expense must be given consideration. Our plan of financing offers many decided economies. First: we do not charge a commission. Socond. you are saved all costly renewals. : you pay interest ONLY ON THE ACTUAL BALANCE DUE EACH MONTH. Come in at your convenience ‘and let us tell you more about it. NATIONAL PERMANENT BUILDING ASSOCIATION UNDER SUPERVISION OF UNITED STATES TREASURY 719 TENTH STREET, N. W. NATIONAL 0254 mm OF: Home Loan Bank System e United States Building and Loan League ® District of Columbia Building and Loan League Chicago Livestock CHICAGO, April 26 (& (United States Department of Agriculture) —Salable hos, 6,000: total. 12.000; general market steady We've Plenty of Available Money —for refinancing ex- piring trusts, or with which to buy or build homes in the District or in nearby Maryland or Virginia. Let us have your application for a First Mortgage loan. It will be prevailing rates and offer a choice of these plans— 3-Year Straight Loans or Monthly Payment Loans Also F. H. A. Facilities Prompt response assured. B. F. SAUL CO. 925 15th St. Na. 2100 Mortgage Loans > R to choice 180-240 5; top. 6.50: 156-i80 *pounds. nohon-&om;d packing sows. ®ood : lights 900; salable calves. 300: steers and heifers fully s with Thurs- day's week close, all other ciasses steady i cleanup trade: ' canner cows slow: most steers 8.75-1025; few lots common 25 and less: most heifers sausage bulls 7.25: good :emt Month, Year. 2 June, Dec.. }uh Mar, i ked S, ARIS.—Firm Dprices for rentes offset droopy tendencies in other sections of the v bourse today. Speculative enthusiasm was in curbed by the abproaching week end and '3 and choice weighty 14 Do month end settlement. T e Wik 2 vealers mostly 10 ao-um’ top. "1150: 1.5 83 | Tunning to 6 polnts for domestis stocks ‘ R T L only " shade above the day's |5t Paul Fire ¢ around 25 lower: merican” tssues pringfeld (4 Boston Wool Market BOSTON. April % (# (United Bt:;s dows, ended unchanged | g} 102 shade’ higher after midday hesitancy. | Traveiers (16) U 8 Fid ¢ Acriculture) —The ‘g.'.‘;'krfzmfi‘mmgwn was rather’ quiet today, The g8rd &0l 8 Pire (2) - wmchum (1 zm) & and for woolen wools and for wool "Clower than last week. An occa- uver was placing orders for fine territory _wools for future delivery at sround 82 cents scoured basis. and for 00d French combing length wool in origi- Fal bags, deliveed to mills. Demand. how- ever. was narrow and only very moderate Guantities were belnk foid. Odd-Lot Dealings By the Associated Press. The Securities Commission reported_to- day these transactions by customers With qid;lot dealers or evecinlists on ine New Btock Exchange for Aoril urchases involving ey * Bales imvolving 108,846 shares, @7 short seles involving 2,121 sh Money for Construction Loans and Loans on Completed Properties | (Owner occupied or rental) Favorable Rate FIRS1 OEED OF TRUS1 ONLY @43 (ndians Ave N.W Nat’l 0350 woolad inmes only few loads choice kinds showing leu dec ling weight wooled lambs. 1 16,10: best clippers, 8.9 l! trade, fat bs lrollnd steady: early medium to good fed wooled Westerns. I '»~m .00; Thoiding a few cholge kinds up: 9 Dfld ](114‘0:t e\l&l}a‘leek“::om l]mbl. ; small lots & nal springers, 00: fat sheep scarce, steady. spoeared. it or extras. Q’Ile ations iumuhod by National Aun cistion of Securities Dealers, Ine. Fiateatney G0 not neceasarily refest actual 0 sactlons or firm bids or offers, but ould indicate approximate prices. ‘The population of China in the year 1381 was about 60,000,000 London Tin Prices LONDON. April 26 (®.—Tin 5386 asked: 1385 15e Did taet ek ™ New York Bar Silver NEW YORK, April 26 (#)—Bar silver, 34¢%, unchanged. Also extra firmer: future, Dry Goods Market 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 t prices. Ravon fabrics remained xenerally ouiet, although some business was written on sheers and print dress goods. Prices on virtullly all types were firm 020 fairly active at were su_Edy Idlnl ln silk loodx ‘was inactive. with prices mostly nominal. 3,18 2, QO 09,706!1 . uuggx} 7| London Bar Silver i ;? gn LONDON, April 26 (P.—Bar silver, TR Y & | United States Treasury Position By the Associated Press. The position of the Tresury April 24. compared with comparable date a year ago: Anr’k’l‘ 24, llMD 30, 262 072 Receipts . Expenditure: Net balance Working balance included Customs receipts for month_ Receipts for fiscal year (July 1). Expenditures Excess of e 4] mtludml New York Sugar YORK ADHI 26 qu —Su‘lr fu- iy ES. L.59: Jga 1}‘0:5: u bar “ooh‘ Ja;