The Washington times., 1934-02-08


nearly 10 mil Dunbar Hare
lion different home owners and
the investment Of nearly go
million thrifty people in this
country who have placed their
funds directly in mortgages, or
indirectly in mortgages through
their bank deposits, insurance
policies and building and loan
shares.
"Of the entire FL billion dol
lars of urban mortgage debt,
over six billion dollars is held
by the building and loan aSSO-
-iatiOns, over three billion by
mutual savings banks, over two
billion by insurance companies
and about four billion by indi-
yidual investors.
':TheSe holders Of perhaps 16
billion dollars out of the total,
win probably continue to be
active in home mortgage lend
ing. They will benefit by what
the Federal Home Loan Banks
are doing to stabilize home
credit and make it more flexible.
"Then we have possibly five
billion dollars more in urban
home loans held by commercial
banks, mortgage companies and
other owners which in the past
few years have largely with
drawn from home financing.
The part which such investors
occupied in the field, must be
absorbed by those other inStitu'
tionS which will remain active
In home loan operations"
John Caswell, jr., is quite an
author. He's author of why
Commodity Future Markets are
An Asset" a pamphlet which has
wide circulation. Mr.. Caswell,
who is affiliated with Clark,
Childs & Keech, is quite a student
aS this first paragraph Of his
brochure shows:
"The marketing system for
cotton and grains, not only OF
the United States, but Of the en-.
tire world, has been developed
and perfected to the end OF
giving price insurance to the
merchandiSer, an immediate
market to the producer, and a
longtime source of raw material
to the consumer"
Ralph Sassell, clerk at the
Washington Stock Exchange,
knows more about what's what
In the local market than any,
body else. He should, he's been
there for 20 years-mark1ng
them up.
The temporary setback in the
well-known market is said to have
been caused by a. confidential
message from the gentleman who
occupies the premises known as
1900 Pennsylvania Avenue N. w.
q. Bowie Chapman, resident
manager Of the local offices OF
t,atdlaw & Company, returned
yesterday from a Today vacation
trip to Florida. He believes that
the market is going to stay up
because Of improved business con-
ditionS.
Chris ]. Gockeler, genial official
Of the Hamilton National Bank,
president Of the Washington Stock
Exchange, Is the new chairman OF
the new board Of Abner Drury
Brewery, Inc. The company was
formed recently to take over the
old Abner Drury Company. In
addition to Gockeler, the new
officers are: e. N. Snow, presi'
dent: H. M. Cole, vice president;
Abner Drury, vice president; o. H:
Gawthrop, vice president and
treasurer; L. Filbert Crawford,
secretary, and j. j. Barnes, jr.,
assistant secretary.
People Drug Stores preferred
stock sold yesterday on the New
York Exchange at 91A, a point
advance. A report Of the COM
pany shows sales Of 81 ,322, 1877 for
January, 1884 compared to ST.
S10,613 for the same month Of
1898.
Ralph Wolfe, secretary Of the
Washington Ticker Club and ace
man at Mackubin & Legg's es'
tablishment, is going to hate
walt Disney, creator Of Mickey
Mouse and Silly Symphonies. for
life.
Since Mr.. Disney put out his
Three Little Pigs, Wolfe has been
ducking people who say:
"Who's afraid of the big bad
wolff"
The District Underwriters AS,
aociation held it's annual meeting
Yesterday at the Willard HoAel'
Oliver Thurman, Of Newark, N. J.'
did the speaking.
charles Belknap Henderson
who used to be United States
senator here and a recent ap
pointee to the board Of the RFC
broke into print in a big way
hack in the days when woodrow
wilson's picture was still spot
news. ,.
Tt seems that Mr.. Henderson
Who was succeeded by Tasker l.
Oddie in the Senate, got shot
e-n A. aa~y altar 1na lnSt hil