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Evening star. [volume] (Washington, D.C.) 1854-1972, March 02, 1938, Image 13

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KEEP SLOW PACE
Utilities and Metals Drift
Lower—Gas & Electric
Off Over Point.
Br th* Associated Press.
NEW YORK. March 2—Light sell
ing carried a few utilities ana metals
fractionally lower in the curb market
today.
American Gas & Electric was off
more than a point near the final hour.
Smaller losers included Aluminum Co.,
American Cyanamid "B," Wright Har
greaves and Lake Shore.
Newmont Mining gained nearly a
point and Quaker Oats was up as
much on small turnover.
CURB BONDS
t
DOMESTIC BONDS
Hieh. Low Noon.
Am G«S E 5s *?o*;s in; um»% hm,%
Am P A L 8s 301H .. 73 73 73
Am Radiat 4%s 47 ]n5% lo.V« 105*4
Ark P & L 5s 50 04% 01*4 01%
As G A E 4 * 2s 40 05% 35% 35%
As G A E 5s 50 _ 3<» 30 30
As GAE 5s 08 38% 38% 38%
As G A E 5 * 2S i C 84% 81% 84*4
Bald Loco Os 50 7 7 7 7 7 7
Birm El 4%s OS 78’., 7 8*., 78*4
Can Pac tis 13 107 % 107 ’ . 107 %
Caro Pw A Lt os 50 81% S3>% 83%
Ceil 111 P S 4 %’S 07 P S0% 88% 80%
Cent 111 P S 5s os G ! 7 o; 0 7
Cent S» El 5*as 54 37% 37% 3.7%
Cen St PL 5%s 53 4 5%. 45% 45’a
Chi Rys 5s 37 cod 4 7 3 » 4 7;% 4 7 %
Cities Svc os 50 50 48*, 48*4
Cities Service 5s 58 58% 58% 58%
Ciues S C.as 5%s 43 0.0 00 00
Cit S P A L 5%s 53 55 55 55
Cit S P & L 5%s 40 56*4 55% oo%
Comw Sb 5>L*s 4 8 A in-!1, 1«*7% 103%
Cont GAE 5s 58 A 73’, 73% 73%
Crucible Steel 5s 4o loi% ioi*410I%
East G A' F 4s 50 A 7 7% 7 7% 77%
El Pw A Lt 5s 3030 08 os OH
EmD Dis El 5s 53 80* , so% 80%
Fed Wat 5%S 54 07 ti7 07
Firest Cot M 5s 48 104 % HM% lo»%
First Tire 5s 43 104% 104’- 101%
Fla Pwr coupon 4s 00 85 84% 85
Florida PAL 5s 54 83 83 83
Gary E A. G 5s 44 st xr 85% 85* • 8r>%
Georeia PAL 5s 78 ->o% £o% *_*0; 4
Hverade Fd *<s 4 0 A 3s% 08*4 .>8*4
111 Pw A Lt Os 53 A 05 05 05
111 Pw A Lt 5S 50 C 8H'r 8,. 8h
Indian A M E 5s 55 100*4 100% 100%
Indian E C 5s '51 C 74*2 74% .4%
Indiana Ser 5s 03 A •>*- 2 •'»*-’ 3*-%
Interst Pw 5s 5. 41 43% 4.. 4
Interst Pw Os 5.‘ 33. 33% V-%
Interst p S 5s 50 D 08% 0.*% 0.8%
la-N LAP 5s 57 A 05 05 05
Kan Pwr 5s 4 7 A lot* 100 ion
Kv Utilities 5s 01 7 3*3 73% 7 3’'
L 9 Dis» P 3,» -s 00 A OO3, 00% 00 2
Lohisrh P S Os 3030 A 03 03. 03,
Mil G A E 4 %s 0 7 01 03% 0 4
Minn P A L 4 * s 7 8 00 so so
Miss Pow 5s 55 fio’a fi.v, *:2
Mont-Da P S'as 44 »•:*« «'3«
Nevada Cal El 5s 5G . -'i .434
New E G ft E 5s 47 50 SO SO
New E Pw 5'aS 54 65 85_ 8.’
New Or 5s 42 stnd hi* 88', 89
N YSE ft G 4'as SO 1.2*2 !'2 =
No Ind P S 5s 60 C S'"', 1*6
No Ind P S 5s 09 D 90 Wo'i S'1;,
Nor Sta Pwr 3>is 61 l'"’’. loo?* JO'’’*
Ohio Pwr 4':S 56 D 1043, 1"4’« 1041,
Ohio P S 5s 54 D 16434 1<>43« I"43,
OkU N G 4'iS 51 A 99'2 99' ■ 99 .
Pac Invest 5s 48 A 88'2 88J2 88 2
Pac P & L 5s 55 64'2, 04 . "4 a
PennCM-P4';s T7 «4J, 64J, M's
Penn Wa ft P 5s 40 111, 16, •» 16. ,
Peoples G L ft C 4$ 61 96 , 96 2 96',
Peon LftP 5s *9 9'4 9', 9'.
Phila El P 5‘js 72 1 1 234 1 123, 1 123,
Pitts Steel fis 48 95 9o 9o
Pub S No 111 5s 56 1 123, 11’. r II’-’r
Pub S N I 4'zs 81 F in:!'. 1"2'.’ l'« 1
Pub S PftrL 4';s 56 D 58’ 4 .'.s’, 58',
©uee GftE 5'is 52 A 86 86 86
St L G&C fis 47 mat 12 12 12
San An PA-S 5s 58 B 1 Oil's 1".:’, 103%
Scripns 5'as 4.1 102 102 102
Sow WiP 4‘.-s 67 A 1"!' _ I "l' 2 J " t '2
S E PftrL fis 2025 A 85 85 85
Sou Cal Ed ; 134s 45 101 101 101
Sou Co G of Cal 4'.-s fis 1 on'_• lot;'2 lot;',
Souw L ft P 5* SI A 91'.. 91'2 91'2
Souw’ Ph Svc fis 45 A It". 1"" loo
Std G ft E fis 35 mat 51 51 51
Std G ft E cv fis 35 mat 51 51 51
Std Gas ft El fis 51 A 53 53 53
Stand Pw ft Lt 6s 51 49'2 49 49
Starret Corp 5s 50 28 28 28
Super of II 4'2s 68 .. 105*4 1"5’4 10544
Tenn El Pw- 5s 56 69 rt9 69
Texas Elec 5s 69 . 88'2 SS'j 88 ‘2
Toledo Edis 5s 62 101 loT 101
Twin CRT 5>2S 52 A. S53, 553, 5534
Unit Lt ft Pw 6',s 14.. 66'2 fifi'2 fifi'2
Va Pub 8 5'is 4fi A .. 89'j 89'a 89'a
Wash Gas Lt 5s 58 .. 105 105 105
Wash R & E 4s 51_107'2 inr’a 107'2
Bad Con M 7s 52 .. 21'a 21'2 21',
Denm Mt B 5s 72 lx . 101% lOl3, 10134
ww-With warrants, xw Without war
rants. n New st <stp'Stamped
f Negotiability impaired by maturity.
T Companies reported in receivership.
Washington Exchange
SALES—AFTER CALL.
Capital Transit Co.—4 at 8'4
Bid and Asked Prices.
BONDS.
PUBLIC UTILITY
Bid Asked
Anacostia A: Pot. 5s 55
Ana. & Pot. Guar. 5s ... lot
C. & P. Tri. of Va. 5s . 105
Cap. Traction R R 5a 68 72
City & Suburban 5s _ 50 65
Georgetown Gas 1st 5a_113
Pot. Elec. Power 3'is _iu4 106
Wash. Gas 5s 1058 _ _ 104', 105Vs
Wash Gas 5s 1060 _ lift _
Wash Rwy & Elec 4s_ 106*4 _
• MISCELLANEOUS.
Chevy Chase Club 1st 4'is 104 _
Col. Country Club 1st 4'4s 103 _
W. M. Cold Storage 5s 100 _
STOCKS.
PUBLIC UTILITY.
Amer. Tel. A Tel. (8> 137
Capital Transit Co. <b>_ S'* S',
N A W Steamboat (ft) ft."> 85
Pot Elec. Pow. 6G pfd (6) 113 _
Po. El Po 5’i<% «d (5.50) 111 _
Wash. Gas Lt com. (1.20) 23 _
Wash. Gas pfd. <4.501 <)P'/, _
Wash. Ry. A El. com. <g36) 60o _
Wash. Ry. A El. pfd. <o* 110
BANK AND TRUST COMPANY
Amer. Sec A Tr Co. (eSi 240 250
Bank ol Bethe.sda <h.75) 31
Capital <4i lie 141
Commerce A Savings (elO) 230
Liberty (5) 150 175
Lincoln (15) l?fi 240
Natl. Sav A Tr 228 250
Pr. Georges Bk A Tr. (.501 18 25
Riggs (e8) 280 300
Riggs Pld (S' .. _ . 101
Washington <6) _ 130 135
Wash. Loan & Trust (eS) 230 250
FIRE INSURANCE
American <6> _ _115 _
Firemen's (1.20) _ _ 28 _
National Union (.75) 13'4 _
TITLE INSURANCE
Columbia (k.30) 11 13
Real Estate (mil) 150
MISCELLANEOUS
Carpel Corp. (t2.0P> .. 21 23',
Lanston Monotype <*41 65*4 73
Lincoln Serv. com. (hi.00) *16', 21
Lincoln Serv pfd (3.50) * 50
Mergenthaler Lino. (2.001 20', 22
Peoples Dr S com. ( + 1.00) 28 33
Peoples Dr. St. pfd. <6.501 *110'/, 114
Real Est. M A G. pfd (**.30) 4*4 o',«
Security Storage (5) 103 125
Ter. Ref A Wh. Corp. i3) 65 80
Wdwd. A’ Loth. com. ( + 1.50) 50 58
Wdwd Ar Lothrop pfd. (7) 115 _
•Ex dividend,
b Books closed
* Plus extras, e 2G extra. fC'i'l extra,
h 75c extra. ** 30c paid June 24. 1037.
E S14.00 extra paid November 30. 1037.
k 30c extra, m $3.00 extra
NEW YORK LIVE STOCK.
NEW YORK. March 2 UP).— (State De
partment ot Agriculture.)—Cattle. 450.
Including 350 direct. Steers slow, about
steady: merely good 1.218 pounds. 9.50:
few 960-pound yearlings, 10.00: odd head
prime baby beef. 11.50 and 1*2.00. Bulls
firm: cutter to medium. 5.00-6.75; few
heavy sausage kinds. 7.00-7.15. Cows
firm: low cutter and cutter. 4.00-5.50;
gome below: common and medium fat
cows. 5.50-0.25.
Vealers and calves. 580. including 520
direct. Market 50 lower: good to choice
nearbys. 12.50: few at 13.00: cull and
plain lightweights. 5.00-8.50. Calves nom
inal.
Sheep and lambs. 3,820. including 3.000
direct. Lambs slow. 25 lower than Mon
day; plain and medium. 03-73 pounds.
7.50-8.25: few spring lightweight culls to
6.50. Sheep nominal. t
Hogs. 990. including 900 direct. Market
10 higher: 193 pounds. 9.65.
NEW YORK SUGAR.
By the Associated Press.
NEW YORK March 2.—Raw sugar was
unchanged early today although late yes
terday there were sales of around 20.000
tons of duty-free sugars in March-Aprll
positions at from 3.15 to 3.17. an ad
vance of 2 points, with the spot price now
ouoted at 3.15.
Futures were easier under increased
liquidation and Cuban hedge selling, es
pecially in the No. 3 contract, apparently
promoted by Washington advices quoting
Secretary Wallace as stating sugar prices
were high enough.
Mlarch No. 3 declined-from 2.21 to 2.19
and September from 2.25 to 2.23. leaving
the list at midday 4 to 5 points net lower.
In the No. 4 May sold at 1.06 and Septem
ber 1.10’,a. or unchanged to 'a point net
lower.
Refined was unchanged at 4.65-4.75 for
fine granulated with demand limited to
nearBy requirement*. —
. K
I NEW YORK CURB MARKET
I (By private wire direct to The Star.)
Stock end SUM—
Dividend Rate. Add 00 Hlth Low CloM
Ainsworth l.oOg 1 71* 7'.* 71*
Air Devices 1 *4 *4 *4
Ala Pow pf (6)_ 10* 62*» 62*4 62*4
Ala Pow pf (7)... 10» 58*4 68*4 68*4
Alum Co Am ... 400a 84 81** 81**
Alum Co pf <6)_50a 1051* 1051*1051*
Alum Ltd _150a 88 88 88
Am Airlines _ 1 11*4 11*4 11*4
Am Capital pf 3g 1 19 19 19
Am Cyn B .60 _ 6 26 251* 25«*
Am Fork & H (1) l 11H 11*4 11*4
AmGas&El 1.40a 14 26*4 251. 26**
Am G & E pf (6) 100s 11014 11014 110<4
Am Gen . 1 4*4 4*4 4*4
Am Gen pf (2) 60s 2514 25V* 251*
Am Lt & Tr 3fle 2 121* 121* 121*
Am Seal Kap 20g 2 5 6 6
Am Sup Power_ 9 1* d H
Am Sup Pw pf_ 8 1414 14'i 141.
Angostura ,40g__. 1 31* 31* 31* j
Ark Nat Gas A... 2 31* 31* 31*
Ashld O&R .40_ 11 31* 3** 3**
Babcoek&Wil 5g. 26* 92 92 92
Baldwin Lo war 8 4(4 4'4 4!»
Bald Loco pf 2.1(1 1 16** 16** 16**
Bardstn Dis ,075g g IV* 1V4 Hi
Barium Stain Stl. 3 2'* 2 V* 2V4
Bath 1 W (6%f) - 2 6V* 6V* 6'4
Bellanca Air .5"g 1 4V4 4V4 4Vi
Bell Tel Can (8). 10*161 161 161
Berk&Gay Furn.. 21 tit 74 V4
Berk&Gay war 1 ft ft ft
Bliss (E W) . ‘2 7*» 7 V* 7V*
B1 Rid cv pftSh) . 1 37 37 37
Bohack (HCI 100s Hi Hi 1H
Borne Scry ,50e 100* 10’, 10', 10',
Bridgep't All2g) 1 9!.« 914 9(4
Brow n Co pf 100s 26V* 26 26
Brown F&\V(.60) 1 7 7 7
Brn F&W A 12) . 1 IS', 18V, 18'4
Brown Rub .BOa 4 4t» 4 4V*
BXAEP 1 pf (5) 200s 97** 97*4 97*.
Bunker Hill &S . 2 14 13*« 13*4
Can Alarc Wire . 3 H* 1'* Hi
Carib Syn ,50g _ 6 1*» 1'* 1*»
Caro I'&Lt pf (7). 20* 75*. 75** 75"*
Carrier Corp* 2 29!* 29(» 29'.
Celanese 1 pf(7)_ 25* 70 70 70
Celluloid . „ 1 4'* 4'» 4',
Celluloid pf 25s 22!, 2214 22V,
Celluloid lstt.g) 160* 61 61 61
Ceil XV I’wrpf o JOs 84', S4 84
Celt St El ’1 ft ft ft
Ceil St El 6r„ pf . 75s 6', 5', 5!,
Centrif Pipe 40 . 1 3*» S*« 3**
Ciiamb MWS .80 1 7',, 7v, 7',
Chi Flex Shftt4) 100s 56 56 56
Chi Rivet.15e _ 1 8(4 814 8(4
Childs pf _ 60s 37', 37 37',
Cities Service_ 24 14* Hi 144 j
Cit Serv pf _ 1 34'/, 34(4 34(4
Cit Svc P $7 pf... 150s 68 67'4 68
Colon Develop_ 8 3*4 3', 3(4
Col FuelAl war_ 1 5V, 6v, 5(,
Col O & G .408 14 4 4
Comw Itli Dis .10g 1 *» ** *>.
ComwlthASowr 4 ', Vi '»
Com PAL 1 pf 50s 23U 23V. 23'i
Cons Cop M. 12 Ug 12 5X 5'* 5V.
CGAEB pf AC.) 70s 114'. 114'. 114*.
Cons Steel Corp 5 4‘. 4'* 4',
Cook P&V .Boa — 1 9’, 9', 9',
t'opperweld (-)_ 1 19'« 19’. 19'.
Cord Corp _ 2 1*. 1(, l'*
Cosden Petto _ 2 lii H. Pi
Creole Pete .50a . 2 26** 25". 25*.
Crown Drug _ 2 P, P, lls
Cusi Alex - 52 ft ft ft
Payton Rub . __ 1 97» 97» 9 i
Det Pap Pdi '* ) _ 2 3 3 3
DivcoTwC .40 1 3*4 3'4 3V4
Duke Pow er 75e 100s 61 61 61
DtiroTest.40 9 6*. 6’, 6*.
Eagle Pit Ld 10e 2 IP. 11 11
East Gas A F 3 27» 2*. 2*.
EGAF 6 pf ,75k 50s 28V. 28'. 281.
EG&Fprpfi'j 50* 50 50 50
Edis Br Strs (1>- 2 12'. 12 12
Eisier Electric 1 l'i l'i Hi
El Bond A Sb_ 9 8 7*. 7'.
El BAS pf (6) 1 55 55 55
El Pwr Asso ,37g ft 3*4 3"» 3*4 |
El PAL 2d pf A 10s 29 29 29
Elect Sh pf 1 fill) 150s 70 70 70
Emp Dst El pf 3g 150s 51** 50', 51*.
Emp GAF 6(5 pf 50s 44 44 44
Enni G&F 7% pf 50* 4444*. 44*.
Emp GAF pf 100* 46', 46'. 46',
Emsco D&Eq( 1) 1 10*. 10*. 10*.
Equity Corp _ 2 *. *. *» 1
Esquire C .30e . 1 IP. 11'. IP.
Evans Wallo 2 *» *» *4
Evans Wallow pf 50s 71* 7l* 7'.
Ex-Cell-O t.20e) 9 12(4 12-i, 127s ,
Fairchild Av_ 13 3 3
Falstaff (1.2jg)_ 7 8 ■ 77* 8
Fidelio Brew- 3 fc 4* ft
Fisk Rubber ... 1 7 7 7
FI P&L 7 pf l.Tog 250s 40 39-1* 40
Ford M Can All). 1 17*4 17*4 17*4
Ford M Ltd ,213g 2 6*4 5Vi 51.
Gen Alloys . 12 2 2
Gen Ftrepr 1.60g_ 1 14 14 14
Gen Tele (1) _ 1 12** 12*. 12*.
Glen Alden -.50g._ fi 6 5*. 5*.
GodchxS pf(7). 20s 91 91 91
Gorham Inc pf 100s 1814 18U 1814
Grand Nat Films 28 la la '*
Gray Tel PS (1) 1 5>4 5’4 514
Great A&P nv le 50s 47'. 47', 471.
Gt Nor Pap (la) 100s 28*. 28*. 28*.
Gulf 011 (1)_ 2 40", 40 40
Haloid (1) ... 2 11 10'i 11
Hartman Toh _ 5 14 !» 74
Hat Corp(B).20e . 1 4'a 4'4 4L
Hazeltine <:: 2 16V, 16 16
Hearn Dcp Stores 1 574 S74 57«
Hecla Mining.llie 1 8*. 8». 8*4
Hudson Bay l.Tog 5 28'. 28 28 !
Humble Oil .37*4 3 68'* 68'* 68'*:
Hummel Ros SOg 15 5 5
Hygrade Food 1 1*4 1*4 1*4
Hygrade Syl .Toe 50s 241* 24'* 24'.
Ill Iowa Pow ._ 6 31* 314 31*
111 Iowa Pow pf .. 2 16 15*. 15*.
Ill Iowa P div ct. 6 514 5 5
111 2inc L75g) .. 50s 914 9'4 914
Imp Oil Can ,50a 1 19*» 19*. 19*»
Ind Serv 6Cc pf . 40s 13 12*. 13
Ins C N Am (2a) . 50s 59*4 69*4 59*4
Inti Pa&Pw war. 1 2*« 2*4 2*4
IntUtilB . 5 ** *« *i
Intutprpf 3.30 .. 1 28'a 28'.* 2814
Tnt! Vitam .50 1 3'4 3'4 3V*
Irving Air Chit la 1 107s 1074 10;.
Jacobs Co (2g) . 3 61* 614 6**
JerCP*Lpf(6) 10s 72 72 72
Ken Rad T l.SOg 50s 11'4 1114 111*
Kennedys ,30e 1 7'4 71. 714
Koppers Co pf(6) 50s 100'a 1001* 1001*
Lake Sh M (4a) . 5 55 55 55
Lakey F&M . 15* 1 2V« 214 214
Lefcourt Real pf. 4 12*. 121, 12".
Lehigh C&N 30 . 14 414 4*4 4*.
Leonard Oil _ 4 A 1* t*
Lion Oil (la)_ 18 23«» 22*4 23*.
Lockheed Alrc -- 4 8** 8** 8*«
Lone Star G .20*. 2 8 8 8
Loulsv L&E .404 9'4 9 91*
Lynch Corp ,50e 100s 35 35 35
McCord Rad(B). 1 21a 21* 2l*
McWilms Dredg.. 4 lit* 101* 101*
Marion St Shov_- 1 61* 61* 61*
Massey Harris .. 2 71* 7l* 71*
Mead John (3a) __ 60s 100 100 100
Mer &Mf (A) .60. 1 31* 3'* 31*
Mesabi Iron _ 2 1* la 1*
Mich Gas* Oil_ 1 4>4 41* 414
Midvale (6g)_ 25s 75la 751* 751*
Molyhdenum(lg) 2 6** 5'* 51*
Mngrm Pictures 1 21* 2!i 2V,
Mont Ward A(7) 30s 136 136 136
Mon LH&T 1 1* - 550s 30*. 30*» 30*4
MounCitC.25g . 3 7, 6V, 6*.
Mount Prod .60 2 5 5 6
Nat Auto F ,25g._ 2 5 5 5
Nat Bellas Hess.. 2 14 % 1*
Nat Fuel G (1)_ 1 14 14 14
Nat Service 1 1* 14 14
Nat Tunnel & M.. 2 2V4 214 214
NehlCorp(3g) . 1 46 46 46
Newmont M ,50e. 3 64'* 64 641*
NY P&Lt pf (6) .. 30s 91 90'i 901*
Niag Hudson ,40g 7 8V* 814 814
Nipisslng .37g -12 2 2
N Ind P Sv pf (7). 50s 71 71 71
Nor States Pw A. 1 11*4 11*4 11*4
Ohio Brass B (3). 50s 32*4 32*4 32*4
OklaNatGas- 4 914 914 914
Pacific Can_ . 1 614 614 61*
Pac G&E 6 pf 114 6 29»4 29*4 291*
Pan-Am Air ,25e. 2 16 16 16
Pantepec Oil _ 21 6% 6*4 6*4
Pennroad .25g -- 8 21* 2*4 2*4
PaPS-Ltpf<7) 50s 87*4 87 87*4
Penn Salt 1.25e 50s 144 144 144
Penn W&P 2.50e 1 6714 6714 6714
Phoenix Sec .25« 13 3 3
Pierce Gov .60 1 17 17 17 1
Pioneer Gld .40 10 314 314 314
Pitts PI G 6.50g . 1 81 81 8!
Polaris M ,03g 6 314 3*4 S*4 j
ProsperlB)1.50g 1 5*. 5*. 5*4
rrovid Gas ,75g 200s 7 7 7
r S Ind $6 pf 80s 22 20'/. 22
PSlndJTprpf 130s 351* 3314 351*
Pug S PJ5 pf 6.25 SOs 321* 3214 3214
Pug Sd P *6 pf 100s 1614 1614 1614
Quaker Oats (5) 20s 100 100 100
Quak Oats pf (6) SOs 140 140 140
Ray'd Con (1) . 100s 14 14 14
Reeves (D) .50h. 1 S»4 3*4 3*4
Reiter Foster .1 4 £ &
Root Petroleum.. 1 31* 314 S14
Root Pet pf 1.20. 1 8 8 8
Rueseks F A .50-. 1 5 6 6
4
!-■
Stock and Sale*—
Dividend Rate Add 00. High Low Close.
Rustless I & S... 1 8% 8% 8%
Rysrson & H_ 6 1 1 1
Safety Car (lOg). 75* 85 83 83
St Anth Gold_ 68 ft ft ft
St Regis Pap ... 3 3% 3% 3%
Scovlll Mfg .25e 1 22% 22% 22%
Scullin Steel war. 1 ft ft ft
Segal Lock 14 IV* 1 IV*
Seton Leath .50g_ 15 5 6
Shat Dem 51 25g. 1 8% 8% 8V*
Simmons H&P 1 2V* 2% 2V*
Simplic Pat ,50g. 7 3% 3% 3%
Solar Mfg 20g.._ 4 3% 3 3%
Sos.sMfg.50a ... 1 5V* 5V* 5%
South Coast .15e. 3 3% 3% 3%
So Pern Oil 1.50a 2 39 39 39
SoCalEpfC1.37 Vi 1 25 25 25
Sou Un Gas ... 1 2% 2V4 2',*
Stand C&S 1.60... 1. 16% 16V* 16%
StOilKyU) - 1 17% 17% 17%
Stand O Neb ,25g 1 6% 6% 6%
Stud Oil of 0(1). 1 21% 2Hi 21%
island Products _ 2 6% 6% 6%
Stand Silv & Ld . 3 % V* %
Starrett Cor vtc 4 5 4% 4%
St Alum Prd 1.20* 1 6 6 6
Stetson (JB) ... 25* 6% 6% 6%
Sullivan Mach _. 2 9% 9% 9%
Sunray Oil ,25g.. 2 3 3 3
Tampa El (2.24).. 5 28 27% 28
Taylor (K) Dist.. 1 1% 1% 1%
Technicolor .75g. 17 21% 20% 20%
Tech Hghs .2(le... 2 0% 5% 6%
Texon Oil .30e .. 1 4'4 4% 4%
Tilo Rooting (1) . 4 10 10 10
Tob Pro Ex .275g 6 3% 3Vi 3%
Todd Sliipy’d Is . 50» 56 5fi 56
Transwest Oil .. 7 7 6% 7
Tung-Sol L ,40g_ 4 2% 2% 2%
Unexcelled Mfg . 4 1% 1% 1%
Un Freni FS ,25e ] 12% 12% 12%
Utd Cgr Wh Sirs 14 A ?« H
Unit Gas 3 4% 4% 4%
Unit Gas pf (7) _ 4 92V* 92% 92%
Unit Lt & Pow A 4 2% 2% 2%
Utd Milk Pr .50e. 25s 19% 19% 19%
Unit Sliipyds A _ 4 6% 6% 6%
Unit Shipyds H 8 2 1% 1%
Unit Shoe M 2'2a 25s 67% 67% 67V*
l ull Spec (1.40) 1 5% 5% 5%
U S Foil B .56g -.2 6 5% 5%
U S Lines pf _ 2 IV, 1% IV,
U S Play Card la 50s 22% 22% 22%
US Radiator 2 3% 3% 3%
Unit Wall P .lag- 1 2% 2% 2V*
Univ Corp vtc .. 4 2% 2% 2%
Util Pw & Lt (r). 5 '* v, %
Utility Equit pf.. 50a 42 41% 41%
Utility & ind pf . l 1% 1% 1%
Valspar Corp vtc 1 2Vi 2% 2%
Valspar pf vtc . 50a 35 35 35
Virg Pub S pf<7). 10s 70% 70% 70%
Wayne Knit M lg 1 6% 6% 6%:
Welling Oil ."5g 1 5% 5% 5% i
Wentworth .25g . 1 2V* 2% 2%
West Air Exp 3 3% ,i% 3%
Westnior Coal lg 100s 9% 9% 9%
Wil Low Cafeler 1 % % 't
Wright Har t.4Ua 6 7% 7% 7% ;
Yukon Gold .21g 8 1% 1% 1%
r In uankruptcy or receivership nr being
reursanizeri under the Bankruptcy Act or
securities assumed bv such companies
Rates of dividends in the foregoing table
are annua' disbursements based on the
last auarterp or semi-annual declaration
Unless otherwise noted special or extra
dividends are not Included
a Alsc extra ot extras e Declared or
paiu so far this year no regular rat*,
f Payable In stock g Paid last year
h Cash or stork k Accumulated dividend
paid or deelared this year «w With war
rants xw Without warrant*. war War
rants
*•...m
WALLACE REFUSES
BIGGER SUGAR CURB

Says He Won t Meet Producers
Demands That Imports Be
Cut. Price Raised.
Bs the Associated Press.
Secretary Wallace said last night
he would not acceed to "demands” •
of representatives of American sugar- !
beet growers and processors that he
impose further import restrictions on
sugar to increase prices.
His statement wras made in a let
ter to Senator Bulkley. Democrat, of
Ohio replying to the latter’s request
for comment on a communication
from the Farmers and Manufacturers
Beet Sugar Association.
The Secretary said the sugar tariff
on imports, plus benefit payments to
domestic growers and processors, had
the effect of giving American beet j
sugar producers a price of $2.65 a
hundred pounds, raw value, over world
prices.
Secretary Wallace also denied a
sattement he said the association had
made that sugar prices had been de
pressed "by the direct action of the !
Government through excessive esti
mates of consumption.'’
---
CITIES SERVICE FIRMS
REGISTER UNDER ACT’
i
By the Associated Press.
Three subsidiaries of Cities Service
Power & Light Co. have registered;
with the Securities Commission un- !
der the Holding Company Act.
They were East Tennessee Light &
Power Co. of Bristol, Tenn.; Toledo
i
Light & Power Co. of Jersey City and
Central Arkansas Public Service Corp. j
of New York.
Cities Service Power & Light Co.'
registered under the Holding Company
Act last week.
The commission announced that
Consolidated Cities Light, Power &
Traction Co. and Dominion Gas Co.,
both of Jersey City, had applied for j
exemption from the Holding Company
Act. Both are subsidiaries of Cities!
Service Co., which also has applied
for exemption.
Cities Service Co. is the parent of
Cities Service Power <fe Light.
- — — —- ■ 9
FOOD EXPORTS CLIMB
WELL ABOVE YEAR AGO
B3 tie Associated Picss.
Food exports from the United States
were 77 per cent higher in the first
seven months of the current fiscal
year than in the similar period of the
previous year.
Shipments from July, 1937. through
January, 1938, totaled $217,385,000.
1
---
CHICAGO LIVE STOCK.
CHICAGO. March 2 ifpi.—(United States
Department ol Agriculture.)—Hogs. 12.000.
including 3,000 direct: market mostly
steady with Tuesday's average; spots.
5-10 higher on weights 220 pounds up:
top. 9.45; bulk good and choice 100-240
DOunds. 9.15-4(1: 250-270 pounds. 9.00-20:
280-300 pounds. 8.80-9.10: good medium
weight and heavy packing sows. 7.60-85;
smooth butcher kinds. 8.00.
Cattle. 8,000: calves. 1,200: fed steers
and yearlings, 10-15 higher; instances 25
up market active at advance: mast other
killing classes getting better action at
slightly better prices: fed heifers sharing
steer upturn: largely —steer run: choice to
prime Iowa fed 1.240-pound steers topped
at 10.35: next highest price. 9.(10; several
loads. 9.25-50: best yearlings, 0.40: early
top on fed heifers. 8.35: several loads held
around 8.75: beef cows 10-15 up; cutters
and bulls strong: vealers scarce and steady
at Tuesday's decline: mostly 11.00 down.
J Sheep. 5.000, including 200 direct; Tues
day's lamb top. 8.75 to packers and ship
pers: today's trade mostly steadv on
wooled lambs- clipped offerings and choice
ewes 15 higher: good to choice wooled
lambs. 8.50-,.i: choice clipped lambs. 8.00:
top ewes. 4.90.
REICHSBANK STATEMENT.
BERLIN. March 2 <40.—The Reichsbank
statement as of March 1 (in thousands of
reichmarks): Notes in circulation. 5 278 -
000; increase. 591. Gold. 70.771: un
changed. Foreign currency reserves. 5.
225: decrease. 103. Other bills of ex
change and checks. 5.658.101: increase.
894.442. Other daily maturing obliga
tions. 890.977; Increase. 123.054. Ad
vances. 81,360: increase 34.919. Invest
ments. 110.003: decrease. 507. Ratio of
gold and foreign currency to notes. 1.4 per
cent. Rate of discount. 4 per cent.
-a
LONDON BAR SILVER.
_ LONDON. March 2 (JPi.—Bar silver.
20Ad. unchanged (Mulvalent 45.30 cents).
ORDERS FOR STEEL
Iron Age Sees Optimistic
Signs—Ingot Rate Is
Steady at 30 Pet.
By the Associated Press.
NEW YORK, March 2—Rising de
mand for steel was reported today by
Iron Age in its weekly review of the
steel industry.
•'Steel manufacturers this week
found many signs of improvement in
business, although maintenance of the
national ingot production rate at 30
per cent, unchanged from last week,
suggests that increased buying of some
steel products Is not yet substantial
enough to Indicate a definite uptrend
Is near," the publication said.
"Nevertheless, sales offices in many
steel-consuming areas find a better
feeling among consumers and report
actual buying for February shows
gains ranging as high as 30 per cent
above January.
Tax Revision Stressed.
“More significant than the steel
operating rate's inability to rebound
In the first week of March are the fair
prospects for revision of the contro
versial undistributed profits tax, a
breaking of the used car jam. a favor
able freight rate decision by the Inter
state Commerce Commission <an 11
per cent increase is forecast) and
rather strong indications that the ad
ministration at Washington is pre
pared to call a truce, at least until
after the November elections, in efforts
to pass new legislation opposed by in
dustry,” the publication added.
“Still more tangible evidence sup
porting hope for a spring recovery in
steel demand is the recall of 20,000
idle automobile workers at Detroit
and plans by some automobile makers,
such as Plymouth, to lift operating
schedules from three days at present
to four days a week Vigorous effort*
by the automobile Industry, a leading
outlet for steel, to break the business
recession, accompany reports that
buying of new and used cars is now
showing improvement.
Rails More Promising.
“The railroad Industry, w’hich for
some months has kept its purchases 1
of rails and other equipment as low
as possible, is already entering the
market in a small way and is await
ing a formal I C. C. announcement
of a freight rate advance to buy steel
in quantities certain to be reflected
substantially in steel plant operating
rates. By mid-March orders for as
much as 30.000 tons of rails are ex
pected to be placed. Canadian Na
tional Railways has just bought 1.300
box cars from two Canadian com
panies.
“Whether the building industry >
soon will be able to free part 0f Its
pent-up dpmand for steel depends m
part on whether disagreement over
labor rates can be settled."
The Iron Age composite price for
scrap steel declined 9 cents a ton to
$13.58 during the week.
DIVIDENDS DECLARED
NEW YORK. March 2 ah.—Dividends'
declared, Preoared by the Standard Sta- i
tistics Co.:
No Action Taken,
Ruberoid Co
Savaee Arm* Coro, fi'v pf
Rossla Insurance of America.
Initial.
Pe- Stock of Pay
Rate. nod. record able.
Am Cyn Co Sfi- ev pf 12'ac Q 3-15 4-1
Fiscal Year End.
Phllio Morris «4 50 3-11 3-24
Iteriilar.
Am Can Co 7'V of $1,75 Q 3-18 4-1
Am Cyanamid A 15c <3 5-15 4-1
Do B 15c O 3-15 4-1
Beneficial Tnd Loan 45c 3-15 3-30
Dn of A 87'2C Q 4-15 4-50
Cent Pat Gold Mines 4c 3-15 4-1 I
Fifth Avenue Coach 50c Q 3-15 4-1 |
Hearst Cons Pub
~r- Dte A 43’ic Q 3-1 3-15 ,
Int Shoe Co 5or Q ;i-15 4-1
Mo Ed $7 pf 81.75 G 3-21 4-1
Pratt 4 Lambert 25c 3-15 4-1 i
Southw P'iand Cem $1 Q 5-15
Tri-Coni Corp SO pf $1.50 Q 5-10 4-1
Universal Wtndine Sl.Sti 2-25 5-15:
Unressit Metal Can
H'V pf $2 Q 3-15 4-1
Waukesha Motor 25c G 3-15 4-1 !
Worcester Salt 50c 51 3.31
Assoc Brew Cr.nada 20c Q 3-15 3-31
Atlanta Gas Lt nf SI.So G 3-15 4-1
Beatrice Creamery 25c G 3-14 4-1
Beatrice Cream of $1.75 Q 3-14 4-1
Canad Westinshouse Stic O 3-71 4-1
Coca-Cola Inti 83.su Q 5.17 1-1
Detroit Pap Plod pf 37 >.,c O 3-28 4-1
Homestake Mna 37Pc M 3-10 3-25
Kevstone Custodian
Fund K 1 85c SA 2-2S 3-15
Locke Steel Chain 30c 3-15 4-1
Penna Glass Sand
$* Pf ..$1.75 Q 3-15 4-1
Plymouth Oil . 35c Q 3-12 3-31
Sun Life Assur Can $3.75 G 5-15 4-1
United Carbon $1 Q 3-15 4-1
Van Norman Mach TI 40c 3-10 3-21
FEDERAL LAND BANKS
NEW YORK March 2 tAY-—Federal Land
Bank bonds.
<7 p.m. Quotations.)
Rate. Maturity. Bid. Asked. ;
i’sS Nov 1058-38 _ 102'* 1(I3'«
4s May 1058-38_ _ 100', 1(11 >»
is July 1040-4 4 _ IIP, lilt,
i'«s May 1055-45 _ . lo!', 104'*
is July 1055-4 5 __ 102'.- 107'*
is Jan 1050-40 __ 107'a 102s*
is May 1050-40 102'a 102** !
FOREIGN MARKETS.
LONDON. March 2 <APV—Leading securi
ties moved irregularly in today's stock
market in tl)e absence of supporting orders
and trading was on a vpry narrow' scale.
Mexican oil shares were heavy on the ad
verse derision of the Mexican Supreme
Court and home rails were heavy. Trans
Atlantic issues held steady and finished
with net gains of as much as 1 point.
British funds and rubbers were neglected
and foreign bonds moved slightly upward.
PARIS March 2 <VP-.—The deadlock over
the labor bill caused an unsettled condition
in the Bourse today and prices were mixed
at the close. Banking issues finished about
unchanged, while industrials showed frac
tional changes in either direction. Suez
Canal gained about 100 francs and Royal
Dutch was itn 22 francs. Uneasiness was
manifested over remarks of German Air
Minister Goering on the power of Ger
many's air fleet.
LIVERPOOL. March 2 .—Wheat fu
tures after opening higher on reports of
dryness in parts of the American South
west belt reacted and closed **d up to ]ad
lower. There was a complete absence of
demand, for cash grain. Cotton futures
eased under scattered realizing and pro
fessional selling' owing to easier New York
orices. The close was 2 to 3 points lower.
SHORT-TERM SECURITIES.
'Reported by Smith, Barney & Co.)
Bid. Offer.
Amer T & T 5%s 43_113% 113%
Auburn Auto 3%s 39 21 % 36
Austin & Nor’western 5s 41 S3 88
Baldwin Locomotive 6s 40 . _ 101%
California Packing 6s 40 104 104%
Central Foundry 6s 41 __ 115
Chesapeake & Ohio 5s 39-- 104% 105
Container Corp 5s 43_ 87% 89
Cuba Northern 5s 42 . _ 37 37%
Delaware & Hudson 4s 43 49% 50%
Edison El Illuminat 4s 39 102% 106%
General Pub Service 6%s 39 99%
Grand Rap & Ind 4%s 41 _ 106%
Houston Oil 5%s 40 _ 100% 101%
Illinois 8teel 4%s 40 107% 107%
Intnatl Merc Marine 6s 41- 46% 48
Intnatl T k T 4’is 39 87% 88%
Laclede Gas Light 5s 39 87 88
Lake Erie k Western 5s 41 80
Lehigh Valley Term 5s 41 60%
Louisville A- Nashville 4s 40 102% 103
Michigan Central 4s 40 100
Midland RR of NJ 5s 40 16% 19%
Milw k Northern 4%s 39 60
New York Tel Co 4%s 39 106 106%
Pennsylvania Co 3%s 41 103 105%
Penn-Dixie Cement tis 41 82 83%
Pennsylvania RR 4s 43 109 m
Phlla Balt k Wash 4s 43 109% 110%
Rio Grande Western 4s 39 42 42%
Term RR Asso St L 4%s 39 104%
Texas A New Orleans 5s 43 10"%
Vanadium Corp 5s 41 - 87% 89%
Warner Bros 6s 39 66 67%
Western N Y A- Pa 4s 43.. 105% 111%
White Sewing Mach 6s 40 __ 92 t^%
RUBBER FUTURES.
NEW YORK. March 2 -Crude rub
ber futures owned 3 lower to 4 higher.
March, 14 95;.May. 15.02b; July. 15^2-23.
b—Bid.
*
Changes in Price of Pennsy Stock
We# of Pennsylvania Railroad Company Stock, 1933-1931 oouam
•WSHAtt _ . fW SHAM
Earnings
SSrTT Amount## to
$l.46p#rShar#
50 ... in 1933. Stock.
Sold B«tw##n
„ 9.42 and 28.94
w ’ ' 'Tim#s Earnings'
UTTttS AIQVS AM OflTlAlS Ot MOUTHS. J EOI> JANUAKY, f KM fOUUASY, tTC.
1937 Showing Is Equal to
$3.63 on Common, or
$1.59 Above 1936.
By the Associated Press.
NEW YORK, March 2—Crane Co.,
plumbing and heating supply com
pany of Chicago, with plants and
sales offices throughout the United
States and Canada, reported today a
net profit of $9,765,126 for the year
1937, equal to $3.63 a common share,
compared with $5,802,170, or $2.04 a
share, In 1936
Walworth Net. $1,354,000.
Walworth Co. reports net earnings
for 1937 of $1,354,000 after charges
and provision for Federal surtax,
equal to $1.4)3 a share of common
stock, compared with 1936 earnings
of $519,218. or 41 cents a share of
common. Company manufactures
valves and fittings at plants in Mas- \
sachusetts, Illinois, Pennsylvania and
Alabama.
Sales amounted to $16,614,622. an
increase of approximately 21 per cent
over 1936. Assets of $6,609,738 on De
cember 31. 1937. showed a ratio of
more than 5 to 1 against current lia
bilities of $1,305,608.
Houdaillr-Hershey Corp.
Houdaille-Hershev Corp., automo
bile parts manufacturers, reported
net profit of $2,117,442 for the year
ended December 31, 1937. equal to
$2.14 a share on no-par class “B"
stock. This compares with $2,202,040,
or $2.25 a share, in 1936.
Grand Union Co.
Grand Union Co, operators of
chain stores in Middle Atlantic and
New England States, reported net
profit of $356,571, or $2 23 a share, i
for the year ended January 1. 1938,
compared with $315,341. or $1.98 a
share, for the 53 weeks ended Jan
uary 2. 1937.
Amerex Holding Corp.
Amerex Holding Corp. reported 1937
net income of $900,872. equal to $1.72
a share of capital stock, against $722,
765, or 97 cents a share in 1936. For
merly the Chase Securities Co., the
corporation was separated from the
Chase National Bank In compliance
with the Banking Act of 1933. The
corporation controls American Express
Co. and several investment companies.
American Express Co.
American Express Co. reported 1937
net earnings of $2,300,360, including
profit from sale of securities, equal to
$12.78 a sharp or. capital stock This j
compared with net earnings equal to i
$10.26 a share in 1936 Company
operates in the money order, travelers'
cheques, remittances, travel and for
eign forwarding business.
Bohn Aluminum.
Bohn Aluminum A Brass Corp. and
subsidiaries, with plants at Detroit, re
ported 1937 net profit of $1,773,462 af
ter undistributed profits surtax, equal
to $5 03 a share on capital stock. This
compared with $1,579,901 or $4.48 a
share in 1936.
Southern California Edison.
Southern California Edison Co. re
ported 1937 net income of $12,058,469,
equal after dividend requirements on
preferred stock to $2.20 a share on
common stock. This compared with
$12,837,813 or $2.45 a share in 1936.
American Stores Co.
American Stores Co., operating a
chain of food stores in Pennsylvania,
New Jersey, Maryland, District of Co
lumbia. Virginia and West Virginia,
reported 1937 net income of $495,634.
equal to 38 cents a share on capital
stock. This compared with $2,045,587
or $1.57 a share in 1936.
DOLLAR EDGES HIGHER
IN LONDON CLEARINGS
B» the Associated Press.
LONDON, March 2.—The United
States dollar edged up 1-16 of a cent
today, closing 5.01 13-16 to the pound,
compared with $5,011* for sterling
yesterday In New York.
French francs were quoted 153.87
to the pound, against 153 50 Tuesday.
3.256 to the Franc.
PARIS, March 2 </P).—In closing
foreign exchange transactioas the
United Slates dollar was quoted at
30.71 francs <3.256 cents to the franc)
today. In comparison, the overnight
rate in New York was 3.265 cents. Ex
change on London. 154.025
Three per cent rentes in the Bourse
were 68.60: 4>*s, “A,”, 70.65; 4'iS
1937, 107.65.
BOSTON & MAINE R. R.
PLEDGES SECURITIES
Bs the Associated Press.
The Boston <fc Maine Railroad Co.
notified the Interstate Commerce!
Commission today it was ready to
pledge $1,529,000. principal amount
of securities now held In its treasury,
for a $2,000,000 Reconstruction Fi
nance Corp. loan.
The securities offered are in addi
tion to those previously pledged by
the road. The commission asked for
the additional securities some time
ago in approving the rood's applica
tion for the loan.
-»- ■
CARLOADINGS.
NEW YORK. March 2 -f*.—-Revenue
freight carloadings on railroad* reD^rtin*
today for the week ended February 26 in
cluded:
Feb. 26 Prev. wk. Yr ago.
ft 19.03* 23.9*5
2 59.407 *9.572
7 18-903 2*.73*
- 8 75 662 110.302
MOTORS SHARES SCORE
SMALLEST MONTH RISE
By the Associated Press.
NEW YORK. March 2.—The small
est percentage gain among leading
share groups has been credited to
motors. They rose 1.3 per cent. The
used-car jam, the passing of the
Chrysler payment on the common
stock and salary cuts by General Mo- i
tors kept the industry’s troubles in I
the financial limelight.
Reports from motor centers point
to some expansion in production
schedules this month. However, this
is labeled a seasonal trend. Some
trade authorities have taken the view
the industry may have to wait out 1938
for a worth-while improvement in its
production stride, despite the reputa
tion it earned on the 1933-1937 rise as
a recovery leader.
* I
WILSON S SALARY $80,599.
Tnomas E. Wilson, chairman of Wil
son & Co.. Inc.. Chicago, received ag
gregate remuneration of $80,599 in the
fiscal year ended October 30. 1937. the
company reported to the Securities
Commission.
A. R. McCartan, an "employe," re- ■
ceived *32.615 and W. J. Cawley, vice
president, *26.899.
ELECTRICITY OUTPUT
DROPS T01938 LOW
Institute Reports Decline of 1.4
Per Cent for Week of
February 26.
Bt tht Associated Press.
NEW YORK. March 2.—Electric
power production in the United States
for the week ended February 26
dropped to a new 1938 low of 2.031.
412.000 kilowatt hours, the Edison
Electric Institute reported today.
This represented a decline of'l 4 per
'-ent from 2,059.105,000 kilowatt hours
in the preceding week and a loss of 8
Per cent irom 2,207,285.000 in the
comparable 1937 week
The contra-seasonal drop carried
the Asvsociated Press index of produc
tion, with 1929-30 taken as 100, to
106.5, also a new 1938 low, from 103 in
the preceding week. A year ago the
index, which is adjusted for seasonal
and long-term trend, stood at 118.
The range for recent years follows/
1938. 1937. 1936. 1935. 1931.
High ... 111 8 125.2 119 8 105 5 97 4
Ixiw ... 106.5 111 8 102 0 94.1 91.9
The institute reported the following
percentage declines from a year ago,
according to major geographic areas:
New England. 11. Middle Atlantic. 1 3:
Central Industrial. 14.9; West Central.
3.4; Southern States, 5, Rocky Moun
tain, 12.9, and Pacific Coast, 3 5.
—— — - - , » —
LEATHER EXPORTS DECLINE.
Exports of leather in January
amounted to $1,086,165. or 31.5 per
cent less than January. 1937, the
Commerce Department says. Leather
imports were 40 per cent below the
same month last year, dropping to
$501,523.
I i
REAL ESTATE
LOANS
Before you buy, build, re
model or refinance your home
or business property, let us go
over your problem with you.
We will save you commissions
and renewal charges—and in
joining this Association, you
share mutually in the profits. •
NORTHERN LIBERTY
BUILDING ASSOCIATION
Sll SEVENTH STREET. N. W.
Established 46 years
MEMBER OF
FEDERAL HOME LOAN BANK SYSTEM
D. C. BUILDING AND LOAN LEAGUE
U. S. BUILDING AND LOAN LEAGUE
CIS* AMA €U%
FIRST TRUST
MONEY
5%
Straight Loans for 3 Years
Construction Loans
* Monthly Payment Loons
$6.60 per $1,000 per month
BOSS & PHELPS
MORTGAGE CO.
Loan Correspondent
John Hancock Mutual Life In*. Co.
141? K St. N.W. NA. 9300
1 ' -- *1
IDEAL ESTATE
LOANS
ON IMPROVED
D.C. PROPERTY
No commissions to pay ...
no renewals necessary.
Let us go over your prob
lem with you, whether you
intend to Buy, Build, Mod
ernize or Refinance. Pay
ments monthly like rent.
Melvin C. Haxen, Pres.
Floyd F.. Davis, Treas.
Fred A. Smith, Sec'y
Columbia Permanent
BUILDING ASSOCIATION
733 12th St. N.W. NAt. 0352
TO PURCHASE
OR REFINANCE
INTEREST
as low as 5%
NO COMMISSIONS.
NO RENEWALS.
Your soring* boro or# * I
protected by F#d#rol I
FIRE INSURANCE
RATES REDUCED!
Rates on furniture and dwelling re
duced MARCH 1st. "DON'T DELAY.
Send postal or phone how much pro
tection you can secure for $5.00.
LE ROY GOFF
1036 Woodward Bide. N'a. 0340
Insurance eacluslyely oyer 35 years.
-—————
Insurance
of
All Kinds
Including:
Boiler
J. Blaise de Sibour
and Company
INSURANCE BROKERS
1TOO Eye St. N.W. MEtro. 3996
First
Mortgage
Money
For
CONSTRUCTION
LOANS
and
LOANS ON
IMPROVED
PROPERTY
in the
District of Columbia
Nearby Maryland
and Virginia
Also
Monthly Payment
Loans
Prompt Action
B. F. SAUL CO.
925 J5th Street Natl. 2100
_
LOANS
MADE ON IMPROVED DISTRICT OF
COLUMBIA REAL ESTATE
NO COMMISSION OR RENEWAL FEES
Monthly Payments as Low as $7.50 Per $1,000
ENTERPRISE
BUILDING ASSOCIATION
7th St. and Indiana Ave. N.W.
MEMBER OF D. C. BUILDING AND LOAN LEAGUE
MEMBER OF U. A BUILDING AND LOAN LEAGUE
, Loans
| ON IMPROVED D. C. PROPERTY
Immediate attention on your application for
buying, rebuilding or refinancing.
Loans repayable monthly.
No charge for appraisal if loan is not mode.
Interest charged only on unpaid balance of
I princ:oal.
I
suitable Co-operative
Building Association
915 F STREET N.W.
i Or ran lied 1879
I..
. - .v.w. . . . . ., —.

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