Evening Star Newspaper, May 14, 1940, Page 17

!‘INANC!AL'.' By Byitish Empire. Shipments Most of $78,483,938 Total Comes From That Source By the Associated Press. British Empire gold shipments to pay for war supplies boosted gold imports last week to $78,483,938. The Commerce Department said that the import total, which was $32,000,000 higher than the preced- ing week, included more than $75,~ 000,000 of British Empire metal. These shipments included $14,638,- 6168 from the United Kingdom, $51,- 833466 from Canada, $8,239,103 from South Africa, and $661918 from India Sweden, invaded Norway’s neigh- bor, and the Netherlands, which have been shipping substantial sums of gold in recent months, sent none last week, possibly as the result of German occupation of most of Nor- way, in the path of Sweden’s route, and invasion of Holland. Both countries, however, have been re- ported to have sent most of their gold to the United States or other places of safety already. +At least part of the British gold was deposited under earmark in the Federal Reserve Banks, where the total of such deposits by all coun- tries increased $21,272,592 to $1,256,- 959.973. Silver imports amounted to $799,- 936 last week, only about half those of the preceding week. Shipments included $483164 from Mexico and $26.447 from Canada. Gold exports totaled $3,002 and silver exports $51,112. Commodity Prices K. May 14.—The Associated Pre elenren wholesale price index of 35 cammodities today, declined to 81 (1926 average eauals Foos Miscellaneous Markets. Additional New York m '"é%"" the Associated Pre No. 7. 5Y nm{:‘;‘:é‘und AT nflerm:: Rio ded ' Bantos Bourbon 3 1nc1“u ed Bantos A AD—Futures closed 23-20 lower: sales. §8.000 pounds; S cvkeetn. Septembe 4.75b: March. 4. tures .'Clflfied 3-6 lower; w%’l‘%?\l‘f‘%“"’rm—rumru closed 125-200 lower: sales. 1123 gfl Sp(?pld: -Yfl 1» NG U R R Septembe Smoked R ied spot: sales, higher; sales, o tracts. Jul: 0-45 December, 20.50259. V ES—Futures 16,640,000 pounds. 13.71-79; December. PIRC] Western light native closed 1. ww,s June, 4 Dol No. 1 5COA—Futures closed 38 to 44 lower. sm?c%mrr ns. - May, 5.60; July, 5.64; Beptember, 5.70. B RAW closed 2 ILK—’“‘“",',‘ 5 Sy Chicago Livestock ay 14 (P (United States g}‘rxu:z%?oxmnyncunun\ —Salable hogs: 15000 total 0:_ slow, generally d ttle. 8.000: salable ocalves. 1.500; Nl‘nofl“lnd cholce steers and” year- able, more arades in crop: but ‘8“%"4“},",,"&:& ively at 9.75 do! few Tl e‘r,:yunfi%lr 9.00: several sizeable lots light feed: mn be!t eers, 11.25: short lot brim 1 S eers: steady mrxy oith top 8t 10.60 bulls steady 10 cows rone eaters fuily sieady at 11 strons practical top sausage bulls. 7.10: but 7.25 | 1 fTe! P e Aineehs B000: total. 5.000: late 15 higher: one ound " elipper, Salable sheep. Monday, fed lambs 1 double closely sorted Bl 10.00: bulk zood and choice, 52 Gounds: wogiskin. 10:05: others 10:80: today. fat lambs slow: one double medium to eood 78-pound Wooled lambs. straight” small lot better kind 100507 around steady, asking higher for clippers p to 10.00 for best bids fully steady: at B0 ang aliehily spover small lot medium later springers, 11.90: odd lot native ewes around 4.00. with heavies around 3.00. Short-Term Securities (Reported by Smith, Barney & Co.) la Gt Southern “A” 5s 43 lleghany Corp ¢v 5s - merican Tel & Tel ustin & Northwest ent R R of Georgla hi Doion Sta 4s 44 3 s Co ‘olorado_Fuel & Iron 5 43 onn & Passumptic 45 £3 43 ua L ;gs Federa ac 55 Grand Rap & Ind 473§ i fivaro Flec 65 44 finter Merc Marine jegett & Myers B Cent & Hoa Ry 45 42 [N ¥ & Lonz Branch 4s 41 orfolk & Southern 5s 41__ Pennsylvania Co 3'ss 41 penn-Dixie Cement 6s 41 Penna R R 45 obies s LU& Coke 0543 Balt & Wash 4 debaker Corp 6s exas & New Orleans 55 43 Union Ol Calif 6: tah Power & Lt Lt 55 4 Warren Bros 6s Western NF & Pa 45 43 ew York Sugar NEW YORK. May 14 (.—World sugar utures broke hafply today under s wave bt liquidation which touched off stop: prders._ Prices lost 1 to 6% points; Sy, 83 Sentember. 1.5 “a smaller scale, was domedlc contracts ' with . 1.99; Sep- was firm with 4.000 tons of \ll!-Alll\lll shipment Philippines sold to . A CIYKO 0( Puerto ICQI{EHQI;I DK o t g re irther offerings. at st bl &f 500 cenis delivered, te pick-ul "nmu'e; No. 3 closed 4-6 lower. n High. Sales, Low. Lest. 5%-8 lower. Sales, 158% 57 ew York Bank Stocks NEW YORK. May 14 IP\ -—l'luonll As- umn Securities Dealer: (Quotations as of 2 vclm:k ) Bl ork Central 78, thern Rallway B S S S S T (Continued From Page A-16.) Btock and Divi Prev. 1040 H idend Rate. ligh, Low. 82% 27 Swiftinti«3) ___.x 12 7 Syming-Gould ww.. 12 54% Syminz-Gould xw.. 5 Talcott (J) .20e ... 4 Telautograph .10e.. 5% Tennesses Corp ... 42% Texas Corp (3) 8% Tex Gulf Prod(.10e) 82 Tex Guif Bul (2 7% Tex Pao C&O (. 5 Tex Pac L4 Tr. 3% The Fair 34 Fair pt 3% Thermoid 2% Third Avenue 4 Thompson (J 14% Thompson-8tar pt. 10 Tide Wat AsO .4! 89% Tide W A O ptf ¢, 20% Timken-Det Ax 43 Timken R Brg 1. lso 5% Transamerica (.50) 12% Transcont' & W Afr 6% Transue & Will.15e 2% Tri-Cdntinental 7% Tri-Contl pt (6) . 8% * 4% Truax Traer C.25e. 10% 8% Truscon Steel 18% 7% 20th Century Fox 3% 2% Twin City Rap Tr 80 24 TwinCity Rap T pt 18% . 8% Twin Coach e 1% % Ulen & Co (ry — 84% Underw-EI-F(le) . 11% Un Bag & Pap .16e). 784 Unton Carb (1.10e) 116% 112% Union E1(Mo)pf(5) 17% 147 Unian O11(Cal) 50a. 98 88%% Union Pacific () 891% 82 Union Pac of (4) 22% Un Tank Car (1.80) 43% Unit Aircraft 1.50e. 14% Unit Air Lines " 15% United Biscuit .50e. 54% Unit Carbon (3) 16% Unit-Carr-Fast 30e United Carp 8“& United Corp pf (l)_ United Drug ... 8"& United Dvewood . 4 5614 Unit Dyewd pf (7)_. 37 Unit Electric Coal 32% Unit Eng & Fy (1e)' 75 United Fruit «4) _ 11% United Gas Imp (1) * 117% 112 Unit Gas Imp pf (5) 18% Unit Mer & Mfg .50 T United Paperboard U S Distributing pf U S & For'n Secur U S & For Sec pf(6) 8 Freight (.25e) .. Gypsum (2) . Gypsum pf (7). Hoffman Hoftman pf 2.76 indus Alcohol Leather Leather (A) Pipe & Fdry (2) Play Cards (2a) Realty & Im(r) Rubber U S Rub 1st pf (3). U SSm& Ref (2e). 64% USSm & R of 3.50 53% U S Steel (1e) ____ 115 U 8 Steel pf (7) 32 U B8 Tobacco (1.28 43% U S Tobacco pf 1.76 1% Unit Stockyards 6% Unit Stkyds pt .70 1% Unit Stores (A) 13% Univ-Cyclops § .20e Standard of Jersey Reports Increase In 1939 Profits $89,128,756 Net Compares With $76,053,170 in Preceding Year By the Associated Press. NEW YORK, May 14—The Standard Oil Co. of New Jersey, world-wide marketer of petroleum products, reported today an in- crease in profits for 1939 in face of war-time business hazards. Excluding an estimated $4,000,- 000 in profits for subsidiaries in Great Britaln, France, Germany, Algeria and Finland, consolidated net income of the huge oil pro- ducer and distributor rose to $89.- 128,756, equal to $3.26 a common share, compared with $76,053,170, or $2.86 a share in 1938. “While your company’s plans con- tinue to be formulated on the basis of a long look ahead, they are now subject to almost daily revision,” said the report, signed by W. C. Teagle, chairman, and W. S. Far- ish, president. “Such a complete: dislocation of international relations never before existed, and many of the uncer- tainties of war must vitally influ- ence this business.” The report commented that “strict Government regulation be- came the order of the day” with the outbreak of the war. u U u u U us u () o u % U U nnunnnBBnnnn 14 A break-down of the company’s| gy, capital assets showed nearly $700,- 000,000, out of a total of $1,121,000,- 000 represented properties in the United States, excluding reserves Net assets of the companies in Great Britain, France, Germany Algeria and Finland were put at|Rocks $124,184,855. Richfield Oil Corp. Richfield Oil Corp. and subsidiary today reported March quarter net profit of $947,550, equal to 24 cents a share on common stock, compared with $519,043, or 13 cents, in the corresponding 1939 quarter. Chile Copper Co. Preliminary report of Chile Cop~ per Co. and subsidiaries showed March quarter net profit of $5,181,- | in 797 before depletion, equal to $1.17 a share, against $2,103,725, or 48 cents, in the like period last year. Andes Copper Mining Co. and Portrerillos Railway Co. earned net profit for the March quarter of $1,823,335 before depletion, equal to 51 cents a share, against $537,568. or 15 cents, a year ago. Both companies are gontrolled by Anaconda Copper Mining Co. Atlantic Coast Line. Atlantic Coast Line Railroad re- ported net income in the March AN RS Bales— Add 00. !l..l:' 46% 2 11 2 15 THE EVENING STAR, WASHINGTON, D."C.; TUESDAY, MAY 14, 1940, Gold Imports Boosted NEW YORK STOCK EXCHANGECoflonConsumphon PM XND uo ll'"t 114% Var Realto 18t (T)_ x 204’113 118 5 46% 46 Net. ul Ulllv 1.«: 'l‘ n( (l)- 2:88. Ih;. 112 67 UnivPicturistpt.. 80s 81% 80 00 High, Low, 50s 150 - 150 1 & % 508 16% 16% 146 38% 3874 49% 43 Viek Chemical ch) 314 26 Va-Caro Chem pt. .. 5% Va Iron Coal&C pf.. 42% Virginia: n Ry .635e. 81% Virginian R of 1.50. 89 Vulcan Detin ¢.50e. # Wabash 1 Wabash 8% Waldort (r) - PL(AN(P) . 8ystem .60. m Wlllrun (1.60) .. 6% Ward Baking (A)__ 1 Ward Baking (B).. '2% Warner Bros Pict. 1 Warren Bros (r) .. 68 Warren Br cv pf(r) 27 WarrenFy &P (3) x 21 6% — % 1% - % 21 -4 Th = % “-% 6 34 -1 l!\i-% 26% 13% W Va Pul Wesnon Of} & Bnow 108 " 1023 West Penn E pf (8) 116 110 West Penn E pf (7) 118% 114% W Penn Pw pf ¢.50 40% 29 West'n Auto 8 (3 23 Y 103 103 109 109 114% 114% 18% 29% lp & P .1 % Weat'n Pacific pf. 3 28% 18 Weat'n Union Tel ¥% 112% 112% -!% 13% 10% White M. 51% Wilson&« 22% Woodwa, 93 25 85 . Wrigley 14 L) 11:00 A.M. 1:00 P.M. rIn bankruptey Rates of dividen included 6% 1% this year 1 1B 15 -% uaek Aceumniated quarter of $765313, equal to 82 cents & common share, compared with $1,046,060, or $1.27, last year. National Power. Consolidated net income of Na- tional Power & Light Co. for 1939 was piaced at $7.805,367, or $1.12 a share on common, compared with $8,635,863, or $127, in 1938. The company, affiliated with Electric Bond & Share Co., supplies com- munities in Alabama, North Caro- lina, South Carolina, Pennsylvania, Tennessee and Texas. .... International Paper, International Paper & Power Co. and subsidiaries reported March quarter net profit of $2,960,573 after all charges including provision for accrued dividends on subsidiary preferred stocks not currently be- ing paid. This was equal after quarterly dividend requirements on 5 per cent preferred stock (on which undeclared cumulative amounted to $1250 a share on March 31) to 99 cents a share on common and compared with net profit of $12428, or 1 cent on 5 per cent preferred, in the March quarter last year. Washington Produce ... BUTTER-—93 score. tubs. 30%: 1-pound rints, . SCOT 27 Ya-pound prints, 88 score. tub {Pouna brints. 2 Ye-pound prints. 2 LIVESTOCK—Calves, 10: spring lambs, 11 Other livestock prices ‘unavailable to- Prom _Agricultural Marketine Service. Prices paid net f.0.b, Washington: EGGS — Market about lteldy Prices paid for Federal-State graded eggs received from grading ststions (May 14): Whites, U. 8. extras. large. 21 mediums. 151 % rwns. U8, extras. mediums. 17- standards, large 19-20%: U. §, standards, meduims, 16-18: v l trade 14-17. Por nearby ungrade Tent receipts. mhites L Kats: tew " Bigher: mixed colors 15%: few higher. = LIVE POULTRY—Market lu colored. all sizes 17: No Borne. 13004 Robaters. 81 el Virginia Rocks broilers and tryers: e 242 14 sizes. B3-24: " No. broilers. 2 ‘pounds lnd Ilv 37-1 : under . toms, 10-11: toms, 8-10. Boston Wool Market BOSTON. May 14 (® (U. 8. Department ot Agriculture).—Inquiries 'were ived in Boston today for dremestis. ok reasy wools, but actual trading was com: rln!lvel’ light. Users were odd ts"of variols krades whenever thes” were gffered at price under quotations o n siza- quantities, an kind of buying were reported to be 8 en- Few sales of sizable volume were closed. = Fine delaine bright fieece brought 33 to 1 r 85 to 34 cents, in including French and lengths mixed. hl’olllhl 82 scoured basis. LOCKHEED B Flrst Mortg %, Peoples Plan FOR OWNING YOUR HOMB ULIC-* RAKES 1716 14™SENW. NORTH 1583 age Loans 21% Yale & Towne (.60) 19% 13% Yellow Truck 124 115% Yellow Tr'k pf (7) 104 Young Spg & Wire 48 37 YgstwnSh& T 25 93% 86 Ygstn S&T pf 6.50 28% 18Y% Ygstwn St D 28e . 17% 12% Zenith Radio (1e) . 2 Zonite Products Approximate Sales ot Stocks on the N. Y. Stock Exchange | gh! Ancun!lfi-m I ld,e:abn]- pala | s vear” ¢ Deures . e dividends | day S0 A B 50e _x 36 34 608 1 otor 4% White Rock we 4% White Sewing Mch_ 2% Wilcox O11 & G 10e. 1% Willys-Overiand 3 Willys-Overl'd pt - 4% Wilson & Co Co pf (3k rd Iron 37 Woolworth (3.40) ._ 17% Worthington Pump 48% Worth Pcv prof .. 105 Wright Aero (2g) .. -4% -1 13a) - -2 21% 12% e 115% 9% 37% Ny 17% 11% 2% 21% 12% 1% 115 ~1% 9% — % 394 Mle =1% 17% - % 1% = % 2%+ U 810,000 1.790.000 12:00 Noon 2:00 P.M 1,500,000 - 2,300,000 Total Sales for the day 3,680,000 sUnit of trading 10 shares OF receivership or beins reorsanized under Act. or securities assumed by suchb combDanies d in the foregoing table are annual dis- bursements based on the last quarterly or semi-annual deciars- tion Unless ntherwise noted special or extrs dividends are not ala e tock. e Faio fast vear ’SE‘ E dividends oaia or this Electric Boat Votes 40-Cent Dividend Bs the Associated Press. NEW YORK, May 14.—Directors of Electric Boat Co. today declared a dividend of 40 cents on the capital stock, payable June 12 to holders of record May 28. Previous payment was 30 cents last December. Com- pany makes submarine torpedo boats, small electric craft and other marine equi }amcm at plants 1n Bayonne, N.'J., and Groton, Conn. Odd-Lot Dealings By the Associated Press. The Securities Commission reported to- ay these transactions by customers with odd-lot dealers or specialists on York Stock Exchange for Illv 1 purchases involving 345818 sha sales involving 34 128 short sales + Lags in April, but 4 7% | Tops Year Ago 'Sharp Increase Over 1939 Levels Shown By Federal Report By the Associate” Press. The Census Bureau reported to- day that cotton consumed during year, and 543,187 and 70,874 in April last year. year, Cotton on hand April 30 was re- portad held as follows: n consuming establishments, 1, mm bales of lint and 421,066 of linters, compared with 1,505,722 md 448,757 on March 31 this year, and 1202565 and 338,033 on April 30 last year, In public storage and at com- presses, 10,743,002 bales of lint and 118,134 of linters, compared with 11404298 and 132344 on March 31 this year, and 12976432 and 108.- 263 on April 30 last year. Imports during April totaled 11.- 096 bales, compared with 9,504 dur- ing March this year, and 12962 during April last year. Cotton exports during April to- taled 344,609 bales of lint and 18,- 152 of linters, compared with 433,- 842 and 38425 during March this year, and 178225 and 14,290 during April last year. Cotton spindles active ~during April numbered 22,301,218, compared with 22555,036 during March this year, and 22,122,902 during April last year. April Building Hits Peak Since July, 1938 By the Assoctated Press. NEW YORK, May 14—Building permits in April including new buildings, alterations and repairs, were the largest for any month since July, 1938, Dun & Bradstreet, Inc, reported today. Total permits 215 in cities amounted to $122,583.683. compared | 3| with $110,598,792 in March and $95,- 268,241 a year ago. For the first four rmonths of 1940, building permits in 215 cities were 5 per cent greater than the corre- sponding period last year. Check Volume Stays Ahead of Year Ago By the Associated Press. The Federal Reserve Board re- ports that banks in 273 leading cities cashed $7,823,000,000 worth of checks in the week ended May 8, com- pared with $7,354,000,000 in the cor- respons week last year. New Steel Mills Open CLEVELAND, May 14 (#—Co- lumbia Steel Co. started operation of new sheet mill units yesterday at its Pittsburg, Calif., plant, U. S. Steel Corp. announced here. The units are a breakdown mill, a pair furnace, three cold roll mills and the an- nealing department. Two pack fur- naces and two finishing stands are scheduled to go into production: within a week. i Dry Goods Market NEW YORK. May 14 (P Scattered -:exud werf made in sray goods today at Seady price Rayon flament yarn met with litle interest” with " the Principal deaiines sheer fabrics. *ilaulry for silk dress soods remained 'Woolen piece ‘were moderately gotlve w7 Bl Bnfl\lfi:{nn Senediies Bave Slightly : Tinned” to "centéf in ‘woolen goods at'the expense of worsteds. United States Treasury Position By the Associated Press The position of the Treasury May 11, wmp‘l‘rrd l:lt{\flfomnlrwk anmdmlru Net balanc Working bllnu ineluded Relelois Tor Ascal ear (ouly 1 pte for Year (July Expenditures Excess of exvenditures 53 debt a. i £2 5 8% Pw 32 5305 i P} iy 250 SowD! Do B W ERPYT R 3 §3332 8 Busamasy: 2 - 7 Swas e g You Identify Yourself With a Resourceful Bank When you establish a checking ac- count at The Second National. The size of the account doesn’t measure the “Friendly Service.” \ Two Banking Offices for your con- venience. The Second Nattona.l Bank Of Washington 1333 G St. N.wW. 509 Seventh St. N.W. Organized 1872 Member Federal Deposit Insursnce Corporation CALL NATIONAL 50.0, ASK for CIRCULATION DEPT. The Bvening & Sundey Ster ______ 15.1&.—“‘" ver The Night Finel & Sundey Ster ... 85¢ :..m The Night Finel Ster o caacen.. 60c ‘r—l—:fl"b The Sundey Ster o ooeeoo_ 10c por copy Price of Steel Scrap Boosted $1 a Ton By the Assoctated Press. almfluly. No. 1 rallroad New York Coffon NEW YORK, May 14.—Cotton fu- tures broke more than $2 a bale to- day as liquidation poured in from many quarters. Sharp declines in stocks, coupled with & break of 10 cents & bushel {n wheat and weak- ness in other commodities, were contributing factors, Buying was limited early to scale- down trade support and short cover- Late afternoon prices were oft § to 41 points, with May (old) selling at 10.00 and March 10.05, In the last hour losses were ex- tended to more than $3 a bale as stop loss orders ‘were uncovered, but short covering and replacement buy- ing in the last few minutes of trad- ing caused values to rally from the lows. Futures closed 49-51 lower. Oid contract: May m'n' Ju 9.0 é' ‘contract: 1052 10. 2.3 ] " 4 Siot g o 0y to0e0SS o3| &34 Do D S wn Mare 338 uladllnl w0t (- in ©oPPOIVOD B (o5t 2233528 5o ch), Cottonseed Oil. Bleachable cottonseed oll futures closed G'b‘&u.!e"mn mnlnauuu l&ol‘!. ptem! b: Oc- i December. Gfl'b New omnu Pri NI 14" im.—Cotton futures declined today under the influence of wer news. l(lddlr orices were 5 to oints net low ii W, 9.65 ofl opened ady: May, 7b: Beotember. 6.48b: Oc- ember. 6.55b. jominal. Cottonseed §.38b: July, tober. 8.50b: b—Bi Masonite Extra Voted CHICAGO, May 14 (#).—Directors of Masonite Corp. today declared an extra dividend of 25 cents a share and the regular quarterly dividends of 25 cents, payable June 10 on the common stock of record May 25. The regular preferred dividend of $125 also was declared, payable June 1 to stock of record May 25. The Netherlands fall fair will be held in Utrecht in September. or Business Record: and Equipment McMILLAN LOOSE LEAF BINDERS WalcottTaylor Cal MILLS BLDG. REALTORS SINCE 1888 for ANY REAL ESTATE LOAN WEAVER BROS ¢ D WASHINGTON BUILDING DISTRICT 8300 Interest as low as 5% 51% 8% commission. . Sound, fair No < " pemi%u’nfl 11TH & E STREETS, N.W. Last | o BONDON, czl.s FINANCIAL. Bank Loans Register 185,000,000 Decline During Week Total for 101 Leading Cities Holds Well Above Year Ago By the Associated Press. Commereial, industrial and agri- cultural loans from banks-dropped Tor the third straight week in the seven days ended May 8. The Federal Reserve Board said that in banks of 101 leading cities these loans declined $5,000,000 last week. In the last three weeks the decline was $26,000,000, bringing the total for' these cities down to $4,- 404,000,000. This sum, however, was $562,000,000 above & year ago. The board’s statement gave the following summary of assets and lisbilities on May 8, together with changes for the week and with the same week last year, in millions of dollars: May 8. Mayl. Maylo. w{gf 23 57 Loans—total X 52 = “ Commcrei-l indus- Olher lun- for hasing enrmu securi- G Real estate loas Loans to banks or ] ++1+] £ 4 133 13 578 Unch 24 6 g |++ + o+ us! Time deposits Govt. _deposits nterbank reposits: Domestic Porclan banks Borrowings ++ 8.484 4+ 714 — s London Tin Prices 14 (P.—Tin easy: Ol asked: future, 15s bid. £263 B New York Bar Silver NEW YORK, May 14 (#.—Bar silver, 343, unchanged. Property Management OU'LL find it such = reliet from worry with the _de- tails of mansgement of your spartment house and residential Toperties to _place in _the ands of our Property l(nuuum Department t. © And the fee s very nominal. B. F. SAUL CO. Mortgage Loans OFFICE wvs X117 Refined Copper Stocks Increase During April By the Associated Press. NEW YORK, May 14—Refined copper stocks amounted to 169,120 tons on April 30, an increase of 9,325 tons over total stocks at the end of March, trade sources esti- mated yesterday. Shipments to domestic consumers in April totaled 68,665 tons, come pareq with 64,376 in March. Ex- ports in April were 2974 tons, sgainst 7517 & month earlier. was 84 3 with 85,796 in March. el Consolidated Aircraft Gets Allied Orders B7 the Associaied Press. NEW YORK, May 14—Repre- sentatives of Consolidated Afrcraft Corp. announced yesterday accepte ance of new orders from the British and French governments which brings the comwpany’s total backlog of unfilled orders to $70,000,000. Included in the backlog is con- struction now under way for the United States Army of the “libera- tor” model, a four-engined bomber S | with 300-mile-an-hour speed under heavy bomb load. The type recently has been released for export by the State Department. 131G % NW, lab&fmh-u Money for Construction Loans and Loans on Completed Properties (Owner occupied or rental) Favorable Rate FIRS1 OEED OF [RUST ONLY GEORGE |. BORGER . L] 643 indiana Ave N.W Nat 0350 INTEREST Friendly Smln Full Prepayment Privileges Established 1861 ORIENTAL 7 R Washinston’s Oldest Building Ass'n. Under U. 8. Supervision SPACE HOMER BUILDING 13th, F to G Sts. Areas of approximately 2,000 and 3,000 square feet available in whole or in part. Carl G. Rosinski Realtor Homer Bldg. NA. 9254 4 Unlimited Funds Available for “REAL ESTATE LORANS Millions of dollars in Perpetual loans have secured thousands of homes in 59 years, through Washington's "largest Building Association. Locous on improved or to be improved property in the District of Co- lumbia and nearby Maryland and Virginia. PAYMENTS AS LOW AS $750 PER MONTH PER $1000 lsociatior . @ ESTABLISHED 1881 Largest in Washington—Assets Over $50,000,000 ARTHUR G. BISHOP : Chairman of the Board EDWARD C. BALTZ Secretary 5 MARVIN A. CUSTIS President