Evening Star Newspaper, June 9, 1921, Page 23

14 RAILWAY BONDS WERE IN DEMAND Prices for Issue Strong. Program for the District Bankers’ Convention. BY L A. FLEMING. There was a deciGed spurt ef ac- . §vity on today’s session of the local stock exchange, but the trading was confined largely to the 4 per cenmt bomds of the Washington Railway and Electric Company, with a de- cidedly good demand for Potomac Electric general 6s. Railway 4s started slowly, easing from 61% to 61, when bond after bond was taken in $1,000 lots until a total - of $21,000 par value had been ab- sorbed. The price gradually stiffened from the low at 61 to a firm closing at 613, the high of the session. It ‘was not an ly large business, Tat as compared with the very re- sigicted action of weeks past it was important. The Eleetric general §s were sold at $5% to 96, the high at the close. Potomac Electric first 55 sold at 87. Stocks were neglected in the trad- ing In bonds, the chief trades being in Continental Trust stock, where 40 shares sold at 104. & A few shares of Capital Traction at 87% and of Mergenthaler at 119 com- Dleted the record. Regular Dividend Declared. Directors of the 'Capital Traction Company, at their regulir meeting held yesterday, declared usual quarterly dividend of 1% per cent. The dividend will be paid July 1, to . Shareholders of record June 14. z C. Grakam Elected. . Bdwin Graham has been elected & class B director of the Richmond Regional Reserve Bank. the recom- of the local banking institu- tioms being favorabiy acted om by group 3 of the fifth district banks. As stated before, the position is an ry one, carrying no emolument. Mr. Graham. gne of the leading bust- pess men of the olty. aucceeds Capt James F. Oyster on the directory. grder thxt he might he qmmed for the position he resign: the ai- Tectory of the Fedem National Bank. Convention Acceptances. Tt is stated this morning that about 200 acceptances have been received ‘rom bankers and others who will be %heir guests at the White Sulphur con- vention. Assignments will be by J. Floyd Ciseel, chairman of the hotdl end transportation committee, up to the close of business tomorrow afternoon, and the train will leave the Union sta- tion Saturday morning at 11 o'clock sherp. Convention Program. The full program for the District Bankers’ Association convention, to be held at White Sulphur Monday and Tuesday of next week. has been prepared by Victor B. Deyber, chair- man, and approved by the general committee of the convention. The special train bearing the bank- and their guests to White Sulphur | Coca-Col rs £ leave the Union Station at 11 o'clock Saturday morning. in charge of Jons B Edmunds, general agent. |Gl and J. Floyd Cissel ‘and assist: ants of the transportation and hotel committee. Cor At o’clock that evening the train will arrive at White Sulphur. Dinner will be served at 8 o'clock. Monday morning at 9:15 the con- vention will be called to order by George O. Walson, chairmaa of the committee, and R. N. Harper, presi- . dent of the association, will be given the gavel of authority. First Sesslon Monday 9:15 AM. The program for the merning in- eludes the following: Invocation, “The Star Spangled Banner, “The Record of the Asso- ciation,” by Rebert N. Harper: “Pres- ent-day Problems,” by Henry L. Doh- erty; “Aunditor and Auditing Depart- ment for a Medern Bank,” by Franeis Coates, jr.. examiner of the Clearing House Association of Cleveland, Ohio; discussion; announcement of com- mittee on resolutions; presentation of resolutions without debate, and announcements. Second Session Monday, Jume 13, 2:30 P.M. John B. Larner, first vice president, presiding. Invocation. “Twelve Min- utes With the American Institute of Banking,” Charles D. Boyer, past president of Washington Chapter, American Institute of Banking; sym- sposium of bank problems, conductsd by B. A. Bowles, cashier, Potomac Savings , Bank; “Every-day Bank Problems,” Joseph D. Yerkes, Federal National Bank, Washington, D. C.; “New Business and Bank Advertis- ing,” James Montgomery, Washing- “ton Loan and Trust Company; an hour of open forum discussion on’ banking methods and practice; presentation of resolutions without debate; announce- ments. hird Session Tuesday, Jume 14, 115 AM. Joshua Evans, Jjr., second vice president, presiding. “Hampering Bustusss By Too Many Laws.” Frank J. Hogan, counsel Dis- trict of Columbia Bankers Associa- gion; discussion, “What Membership in the American Bankers' Association Means." George O. Walson. president, Liberty National Bank, Washington, 1. C.; recess; convening of the ‘American Bankers' Association mem- bers; election for American Fank- ers’ Association—A vice president for the District of Columbia, to succeed M. D. Rosenberg; a member to serve % the nominating committee; an ternate member of the nominating edmmittee; vice presidents for the District of Columbia for the following sections; Trust Company, savings bank, national bank and state bank; adjournment American Bankers’ As- sociation meeting: reconvening of the District of Columbia Bankers’ As- sociation convention; election of of- ficers for the District of Columbia Bankers' Association; roll call;, r ing of minutes of last meeting; re- port of secretary; report of treas- urer: report of council of adminis- tratior; report of special committee; wunfinished business; new business; election of officers, and installation of Ervsidznt-elecl; adjournment. The entertainment committee an- unces the following: Saturday, June after dinner there will be moving pictures in the Greenbrier ballroom, followed by dancing. Sunday; June 12, : day of rest and recreation. Monday. June 13, 2:30 p.m. ladies’ card party, to be followed by (ea at 4:30 p.m,, in the casino; 8 p.m., in the Greenbrier dining room, “family dinner”; after dinner, dancing in_the Greenbrier ‘ballroom. Tuesday. June 14, 2:30 p.m., base ball game, followed ‘by_swim- ming contest for both men end wom- ‘en; golf and tennis tournaments, to be arranged. B Officers 1920-1921. 4 President. Robert N. Harper; first yice pfesident, John B. Larner; sec- ond vice nresldent. Joshua Evans, jr.; Secretary, Harry V. Haynes; treasur- er, Albert S. GI.!IGY Council ot ad- ministration, Robert N. ', John B. Larner, Joshua Evaps, jr.; Gen TRe 0 ‘Walson, W. W. Spaid, B. A Bo'lel and George L« Starkey. Convention Program Committee. Victor B. Dflhr oh‘lr-‘a; F. G Addison, jr.; E. McQuade, R. V. Fleming, .Ynmul 'l‘rhnbl John Rior- Howard Bow! Moran, ! Howard end Geurso ' Fntertainment ‘W. W. Spaid, chairman; J. H. Bad R V. Fieming, Ezra Gould, EE] Her- yel, C. F. Jacobsen, Fernand G H. Pope, F. W. Stone and W. J. > Maurice Otterback, Maj B don.PAlbnrth. Gauey. '. H. Popes George Lamborn, W. R. De !Alhmut{ Meem. licity and Press Oommittee. joshua Evans, jr. chnlm-.m H & Howard Joha and Corcoras ll‘l. McKee, Moran, Maurice D. Rosenberg Am Ship & Com Am Smelting. . Am Smelting If .. 1!% Atchison pf.. Atlanta Bir & Atl. Atlantic Gulf..... Atlantic Gulf pf. Atlantic Petroleunx 15 Atlantic Ref pf.... ¥T4 Auto Sales........ 3 Baldwin Loco..... TT Baldwin Loco pf.. % » Beth Steel. . Beth Steel (B). Beth Steel 8% pf... 9% Bklyn Rapid Trn.. 11% Bklyn Union Gas.. 8% Burna Bros. L] Batte Copper..... 4% Caddo Oil. . . California Pckg 6% California Petrol.. 38% California Pet ™ Pacific.. 11 . » 7% Ed 0% e T me [ 40% Chi & Northwn. 3% Chi RI & Pacific.. 3% ChiRI&P6%ptL.. 66 ChiR1& P 7% p! . Chile Copper. 1% Chino Copper. Cluett Peabody..« Colo & Southern. . Colo & Southn 1st. Cons Textile..eoes Cont Can...cceeee Cont Candy..eeee ucts. Cuba Cane Sugar.. Cuba Cane 8u pf... Davidson Chem... 32% De Beers Mines... Del & Hudson. . 355!!2-5!;!!.!2‘!3%5 LR L PRECLEEFRE LT Y L L FEFRL L L U T H fi!‘!““!'i!%iiifi‘fiih *g n. $e3RRRERRRE" s s!fiii'kfii§“§§i§"“§=§"i&!’“"!’;iiiiiiiifi';!i’“i";;iii“fii?ifl Intl Agr Chem..... &% intl Agri Chem pf. 4 Intl Harvester.... 6% Intl Mer Marine pt. 50 Int] Motor Truck. . ll: = Kansas C Sou pf... &% Kelly-Spring Tire. 31 Kennecott. .. Keystone Tire..... 2% Lackawanna Steel. 4% Laclede Gas....... 51 Lee Tire & Rubber m Lehigh Valley..... Loews Inc. Loft Inc. Lorillard. Manhattan Elev. Market 8t Ry pr pf. 88 Market St Ry 2d pf. Montgomry Ward. 18% Montana Power. 2% Natl Acme. .. Natl Enameling. Natl Rys of M 2d. 1 LD B S TR LR TS PR T H ER FLEH SFP R S uppgs-grug,gean;ou ¥ 2 * b 1 H il S LR L R F L FRLLI R ELEALPPLIL T P LT ) $98r2395MRE 030 kensconn nnezoBpsPagngnes,, sa g 5f H §rzagegeays H dgig;fit 110% % EHELLLP LA # §r3gdenne 85552505 Y2 pagns 2 # o * L LEP TR LTELTREAL R FLELLER AU PP LU BFF P SR AL H H T P R 109% o ® e i 1% % 69% % o% » % e 9% 2% 32 9% 78 1% W% 51% Va-Car Chem pt Va Iron Coal & C.. Vivadou §355E-3"2"3"5%81% FE i e LFEEM R T '!fifl!!"i!‘i'l!;ii’ bl » o o s »E W% » " |3 [ " =N - » o » » L] = 1% m% CUC » " n% BY% a o £ Flis n % 0 ket % < n & ™% e 18% ] o 2% 1% 41 g§=afeuniy unne-2zooguyliagyngezyy=e Wickwire Spencer. ‘Wilson Company. . Willys-Overland. . Worthingten Pmp. ';!‘i’i#i“i!!“!i;ifl? f syeegr5 Rseng gy, g uzianggstgatnfennty nrung g cunlisnganag uzezggraguyrguensgagagf § u PLTFLEN IULEN L EFEEY EHLEE °i §;' - 196600 12 m..... -390 2pm. EXCAN OLS N 3t e ke 2 3 Brings Selling Movement. Steels Weak. BY STUART P. WEST. ports 25 per cent. While it is ess! verr duturhlnt effect. A break promptly relieved tension WAS. there w; Break fa Exchange. in the foreign e: ges to the unsettlement of the day, lfi:‘lh it is, of w\lrla. re‘l jugeEssug any. aayaglazsgesgann A SEVERE DECLINE Report of Heavy Export Tax NEW YQORK, June 9.—The most Im- portant incideat in the news of the day, &s bearing upon the stock mar- ket, was the unexpected anmounce- ment overnight that the Mexican gov- ernment had raised the tax on oil ex- possible that speculative Wall street overrated the importance of this an- nouncement, it was not surprising that, coming upon a situation already sufficiently sensitive, it should ha: had, for the time being, at least, & ..u-; ily mn.t overnight of $ to § the Mexican oils, the re- heavy rulung “l'la =l.w he A ey R s, a y formi- time { on the market at this slight advance, rge bo! undertakings, and the releass of thess sums has sAnother violent downwatd plunge xchan; éontribated u. 1 decline 21 |foreign credit eomuu bll l! !l 50% { almost wholly dne h a trafster u ot s in connection with the Ger- 30 |man indemnity menu. Were the us |allied governments disposed to fear the consequences of this ml ln rates jusgs= 8350, r'l;'§;5=!§§='55-:=s§s=; Action in Ofl Shares. 2% of the surprise occasioned by cent incfease in thé tax fixed by t! tily phtel there was the or pan-Américans when tra tax, they will be tage 'Ilh oil Eoneéins elseWwhere. ins of Pacific. for rhost of grou Mexican Petroleum and the Pan- American Petroleum stocks broke from 4 to 6 points before encounter- ing any resistance at all. This decline oceurred within & half-hour aftér the start of businees, and was & mun:e overnight announcsinent of the 26 per n|el are forced to Dly this heavy ex- at & disadvan- ¢ news was bullish for the Amer- reflected in ac- Oil and a bet- NEW YORK STOCK lEJ(!IllJ\I'(ili- Grain, Produce and Live Stock Received by Private Wire Direct to The Star Office. 3 y— TRhe WaTs coBbleres SOATE: Mo- B e e Froan. pearl and wi ber. busher n, 3.0084.00. 8. BPIng |0 V8 ibe cholce, ber o8, 3. 100 bunches, §.00a6.00. ‘Tomatoes, per crate, 1.50a5.00. AE per barrel, 3.50a6.00; box, 1. mmo-m per nn.!’e. Iool crate, Gn’llflnh r ho& 3.0085.50. orn‘u. 3.5087.00. rries, per quart, 15a30. mhrrl:s per quart, 20a26. lu.p- berries, per pint, 12a14. Cherries, quart, 10a25. ‘atermelons, each, Bl 1.00. Pineapples, crate, 4.00al Selling Prices at Noon. Whfik—No. 2 red winter, spot, l.‘MK‘ 2 red winter, garlicky, |1 per bbl, 5.0089.00; Texas onions, 2.00a2.26; new cabbage, ::od ‘Ll:\s No quotations on June :'5'00""“ stot“gg.r ::wl“mbm“‘oo Sales—Bag lots of nearby b ; eggplant, ate, Dle ll lo'. 1.25, 1.33, 1.36 unl l‘fl pér box, 3.50a5.00; North per. bu. bbl. yellow, 3.90 per |5 in carload lof contract corn, , 72%; No. 4, 693 ; track, yellow, 3 or better, 78 per bu. 0. 2 white, 48% asked; No. ked. b, new: lots of nearby rye, as to flllllty. 1.2021.30 per bushei; No. 2, | 16. western export, spot, 1.61 AE bush- el; No. 3, 1.58% per bushe thy, 21.00a21.50; No. 3 timothy, 14.00a 19.00; No. 1 light elover mixed, 20.00: !0 50; No. 2 light clover mixed, 15.0f !!.M; No. 1 clover mixed, 18.00a19.00; No. 2 clover mixed, 14.00a17.00; No. 3, 11.00a13.00; No. 1 clover, 15.00a 16.00; No. 2 clover. 12.00a13.00; No. 3, 10.00a11.50; sample hl', 10.00a14.00. Straw—No el 25a30; seconds, 20a24; standards, 0% b ‘CHIC, ), .. decided upward swing in value today as a result of the bullish aspect of the Eovernment crop report. of foreign exchange, however, and declines in the stock market tended to fleherk buying. Trade was active an Weakness 3. fluctuations rapid. Opening 7.58: t;u-a prices, which varied from 1% to 3% (’;'.?.'x‘d'i‘m.":{?n‘.‘;‘r?a g s;bleu, 33. cents higher, with July 1.3¢ to 135% |0 qemana, 4. 4.77. Mark: and September 1.18% to 1.19, were fol- [ jemand, 1.48; 1.49. Gree lowed by a material setback. demand, 6.00; Sweden, demand, 32 Corn lacked support After open- | Norway, demand, 14.55; Argentine, g'sdfl‘ncglrl-sedt t‘nnzi gfi’?:‘vf"‘:"‘ in-| gema 31.12; Brasilian, demand, uding July af the mar- v i - ket underwent a general decline, SO T, ST Col B Oats were depressed by the bearish showing of the government report as to oats. Prices started 3 cent off to 3% ocent up, July 38% to 38%, and then sagged all around to well below yesterday’s finish. Lower quotations on hogs acted as a weight on provisions. Potatoes, new, easier; old, firm; re- ceipts, 54 cars: northern white, 50a 0 c. a round white, 2. ding rose, 2.4 v North Dl e, per ;vrln ohlc!tnl. por 1b., 50a56; hens, er 1 per Ib. B 10.00; California lemons, per box, 9.50210.00; California oranges, 08 llrlwbtrflll. 15a32 per tatoes, per bbl, l o\m 00; lettuce, nur%‘vw mte. toes, Carolina as Allve, white leghorns, 38a48 40a46; old hens. 25a28; old roosters, 36, Pigeonls, per pair. 40. R Eggs (logs off)—Strictly fresh near- | N by, per do! 23. N 32a33; prints, 33a34; nearby creamery, 29a30; ladles, 18a21; a3l cantile pape: sterling 60-day bille and commercial 60-day bills on banks, ‘ss mercial 60-day bills, 3. mand, bonds easy. Time loans firm, 60 days, 90 days, 6 second 4s, 86.98; first 414s, 87.90; ond fourth 4=, fl‘l M Vlclury 3%s, 98, LOOAL WHOLESALE MARKET. &-mxy fresh, per dos., 37; Live poultry—Roosters, per Ib, 20; G!l'. per 1b.. 30a38; ehlcken | g, per Ib., 48a52; hens, per “‘ll. &.lek- — Fresh-killed 33; roosters, per lb, 23; tur- keoys, w Ib.. Iln! chickens, winter, Porl—Dreu Green fruits—ADppl 1b., 12a13, ber bbl, 3.00a per 3.5084. 0! ‘western, .50 per crate, no Florida oranges, per crat grapefrult, per C{tto. 5.001 nearby, northern, - u(hem l‘ullblal—?ellto!l, ger hbl 12511 7 ew per bhl L, 8.50!4 5 dfl paragus, per dos., 00; nearby, per dos., 1.00a2.25. DATRY MARKETS. BALTIMORE, June 9—Chickens— springers, per pound, 4045 young winters, Ducks, 25a28; -uflnx ducks, 30a en, 25; southern, Butter—Creamery, fancy, per pound, rolls, per pound, lh'u'a packed, 15a16; dairy 18a20; process hutter, 23a35. CH]CAGO. June 9.—Butter—Easy; reamery extras, per pound. 31; firsts, 19,034 Poultry—Alive, higher; fowls, 23%; roilers, 38a45. MONEY AND EXCHANGE. NEW YORK. June 9~—Prime mer- 6%a7; exchange heavy: Eggs—Unchanged; receipts, cases. %: com- demand, cables, 8.73%. 2% 7.88; cables, Government bonds steady; railroad months, 7 per cent. —_— LIBERTY BOND NOON PRICES. NEW YORK, June 9.—Liberty bonds t noon: 3%s, 88.08; first 4s, 87.90; sec- 91.4 4%s, 86.96; third 44s. victory 4%se, 98 . 8 Spa cw.t; Vir‘lnil. 5.00 barrel; Carolina, 4.50 barrel. Subsequently talk of a general rail- road strike July 1. gave new impetus to the upturn in the wheat market. July delivery in particular was af- fected. owing to the smallness of the stocks on hand here. Much of the flurry subsided, however, after shorts had covered. The close was unset- tled, % to 3 cents net higher, with July 1.3¢% to 135 and September 1.17% to 117%. Rallroad strike predictions were bearish in the corn market, stocks of corn in terminal storage being heavy. The close was nervous at %a¥ to 1 cent net decline, with July 62% to 62%a¥%. Open. High i 18% nza a3 - i uz n& ' K., June $.—Lard 76a9.85. Other 38 ‘0‘6 COTTON MARKETS. NEW YORK, June 9.—The cotton market opened steady at an advance of 5 points on July, but gemerally 2 to 12 points lower, owing to the weakness of foreign exchange, which offset higher cables, and reports of generally good weather in the south. Active months sold 5 to 12 points be:;)' last night's closing after the call. Futures opened steady: July. 12.70; October, 13.45; December, 13.93; Jan- uary, 14.00: March, 14.34. Later advices from Liverpool de- nied that the coal strike had been settled. The market here, however, held fairly steady during the middle f the day. Considerable July was sold around 12.60 or about 3 points net lower, but it was taken partl against sales of later months, wit October ruling around 13.40 or about 3 to 4 points net lower. NEW ORLEANS, June 9.—Reports that the British coal strike had been settled caused a of 2 to 5 points in the early trading in cotton today, but moderately heavy offerings came elpeclllly in July, and values re- “Gilt Edge” 1% First Mortgage Notes Now on Hand In Amounts of $250 Up to $5,000 We look after all details and furnish guaranteed tities with all notes, Chas. D. Sager 923 15th St. N.W. Loan Dept., M. 368. . In denominations of - Safest and Most Satisfactory Invest- ment Securities Are FIRST MORTGAGE NOTES Which Will Net You '7’(;{5 Interest Fres from th or loss, connmllvlly ICEIIM lmproved clty frop-rty. | Guaranteed with all lmul. Prupen.v n. sured against loss by fire. We attend to collecting and remit- ting ipterest the day due. No Ex| to Investor Call Main 98, Losn Dept, lnphta Details ‘W, S, Phillips lM New York Ave. Money to Loan l&lndwl'lnlbnlvf'h-lmmtlh. Joseph L. Weller &'fi‘}:"'mg MEMBERS: New York Stock Exchange 111 Broadway, New York Washington Office § COLORADO BUILDING Telephone Main 1603 N Give-up business invited G. B. CHIPMAN Price record of every stock traded in the New York Curb and in Boston, San Francisco, Salt Lake and other exchanges is given in the June issue of our “Price Range”—Just Out This book — semt on reguest— gives high and low prices for last month and the yesrs 1919 and 19%0; par, capital, divi- dend rate of more than 800 securities. Valusble to men 'lnphnlohhndwd present market conditioms. Ask for No. U U—445 mfl-fiem“ udlu—finy—l--nh mews? Call st our Beard Rosm er telephoms er write wa '433 Equitable Building BALTIMORE Telephone St. Paunl 8451 Offices i S principal cities | Direct Private Wiees > JONES & BAKER Mombers New York Carb Market LIBERTY BONDS BOUGHT AND SOLD FOR cnn ‘We Also Lend on Liberty Bo: LibertyBond Exchange $100, $250, $500, LOAN DEPT. SHANNON & LUCHS me s opened steady; July, 12.24; October, 13.07; Deeember 13.48; Jan: uary, 13.68; March, 1 Weakness in Lhe !lock market held prices down in the face of con- tinued rumors of the settlement of | ang perements the coal strike, but finally a slow recovery set in and trading months went 2 to 3 points under the last quotations of yesterday. The under- tone of the mi et was very steady on reports from Texas that in many sections of that state the boll weevil was present in great numbers. LIVERPOOL, June 9.—Spot 1imited deman cotton, e middlis 8.78; fully m! In, .38 ok low middling, 6.73; ot e 1 3,000 es, including -le:m receipts, 1,000 bales, no American. Futures closed steady: Jume, 8.18; July, . 8.35; October, 87-’! January, 8.93; March, 9.02: May, 9.09. e i " Bought, Sold, Quoted THOS. W. BRAHANY & CO. Investment s10-11 Evuu Bm'ling Bstablished 1887. DAVID J. HOWELL & SON, Engineers, Union Trust bldg. lanning, Reports on and t of suburban properties. ‘Water works and sewerage Beparts, Valuation, Masagement. E Q UITABLE Co-Operative Building Association Organised 879 41st YEAR COMPLETED Ansets ... .84.273,088.57 Surplus .$1,085,322.89 Save If You Would Succeed —8Ave as you earn, and you will begin o get ahead in & fnancial way and bo P for emergencies that may arise later. Subscriptions for the 81t Issue of Stock Being Received Shares, $2.50 per Month 4 Per Cent Interest EQUITABLE BUILDING 915 F St. N.W. JOY EDSON, Presideat JOHN s — 604 14th St. N. Money Makes Morney One of the surest ways to save money is to obligate one’s self for a ceftain amount of money, the payments of which are to be made on rég- ular dates. The sarest way 16 make money is to place your funds in an absolutely safe security and one that yields sn ade- quate return. . Our First Mortgages, which can now be purchased on the partial pnrmem plai, offer such an ivestment oppor- tunity. 3 Write for booklet. . B.F. SAUL CO. Mortgage Loans 934 N. Y. Ave. NW. Without cables foreign eomerceunmpunbl, . e, ALL AMERICA CABLES is orming s great pstnuhc service in opening Central and ! ‘Asfierica- to Améritin Route our cables “VIA FINANCIAL, The Unbeatable Law is the law of average returns. Your investments occasionally may bring in unusual winnings and strengthen for you the lure of easy money. But as the years go fy you are likely to appreciate either for yourself or for others the inescapable conclusion that every sacrifice of investment safety leads in the end to some loss. Our First Mortgage Notes on improved Wash- i reel estate base their interest remrn on - the law of average returns. Swartzell, Rheem & Hensey Co. 727 15th Street N.W. Washington, D. C. The Nation’s Home Town &3 Years Without Loss to.an Investor Our daily Dime Savers will start you on the Highway of Thrift and Independence. Whole Families are using them; Business Men are find- ing them useful in making their loose change behave; Children are learning to save th their use. We will supply them to in- dividuals or to business firms. Sent by mail. Phone.Main 572. - The Second National Bank “The Bank of :Utmost Service” - 509 Seventh Street N.W. A Dime a Day Will Buy a Home Some Day & Columbia National Bank 911 F Street Capital, $250,000.00 When School Days End —and life begins:in earnest, a Savings Account to build, will prove a worth-while Graduation Gift. Come in and talk it over with Our Sav- ings Dept. teller.. Initial deposits need not, ex- ceed One Dollar. . | Travelers’ Checks for Vacationists 3% : $1 m.“ Cumponnd llllel!fl Plld on S-vim You can open a Savings Aa:o-nt at convenient Bank with as THEZDRIFTER Many 2 man—educated and able—travels wind and wave. 3 ,Foramn,uwnflsh-tdnp ballast can do * wonders. l:hqshhnpu;bt,npableofie- to helm reason and purpoce. What stone and sand are to the ship, savings are to the man. 39% Compound: Interest Paid On Savings Capital and Sutplus $5,400,000 e e} 5 - . 3 r 4 3 3 >, - R b = H 2 0 I i3 . -4 P i 1 % -