Evening Star Newspaper, July 14, 1921, Page 29

FINANCIAL. NEW YORK STOCK EXCHANGE Received by Private Wire Open. High. Low. Olose. Adams Express. 0 41 40 0% Alaska Juno. 1% “l’!i 332 .32 Allied Chemical... 33% B % 5% 0% 3% Am Linseed. . :,‘.“ Am Locomotiv o Am Safety Razor.. 44 4% ™ Am Ship & Com e T Th TR Am Smelting. % IT4 EE T Am Smit Sec A.... 6T €% 64 604 Am Steel Fdy..... 26% 2% 64 2 Am Steel Fdy pf... 804 80% 80% 80 Am Tobacco. Jem 121% 120 120% Am Tobacco (B) .. 120% 120% 120 120 Am Tobaccopf (n) 88 8% € 88 Am Woolen....... 69 0% 634 634 AmZinc& Lead... 8% % 8% 8% Apaconda.... 7 S 304 81 sl 98% 24 82% L % nY B84 AtlanticGulfpf... 18 18 174 18% Atlantic Petroleurr 14% W% 1% 104 BaldwinLoco..... T% 7% T 4% Baldwin Loco of.. 9% 97% 97 97 Balto & Ohlo. . ss% 88% S84 884 Balto & Ohlo pf... 50% 0% B80% G0% Beth Steel (B).... 48 48 47 T4 Bklyn Rapid Trn.. 10% 10% 10% 10% Bklyn Union Gat ©n 2% 6% 81 81 8 % 4% u% % 108% 108% 3% 854 e n Cerro de Pasco. 2% 26% Chandler Motor P Ches & Ohlo. . % 6% E3% Chi Great W pf. s 1% 1T Chi Mil & St P. 264 61 2% 2% ChiMil & StPpf.. 39% 3891 39% 39% Chi & Northwn. 6 64 64 ChiRI& Pacific.. 81% 324 381% 3S1% ChiRI&PI%pf.. 12% 12 T4 72% 10% 10% 10% 28 8% 28 B Coca-Cola.. . 9% 29% 2% 29% Colo & Southern.. 3 86 36% 385% ColGas........... 54 G4% B4 B4% Col Graphophone.. 6% 6% 6 B Cons Distributors. 8% 8% 8 Cone Gasof N Y... 85% 85l 8% Cons Intl Cal Min.. 4% 4% 4% Cons Textile. 15 U% “% un 651 65% % % 55 B3 1% 1% 8% 8% Cuba Cane Supf... 21& 2% 21 Denv&RioGr.... % 1 % Denv & RioGDf... 1% 2% 1% Endicott-Johnson. 61 61 60 Endicott-John pf.. Erle 2d pt Famous Player: Hupp Motors. . Illinois Central... 2% %% 92 9 Indiahoma % 2% 2H Inspiration. T ) Interboro Metro... 3% 8% 3% 8% InterboroMetpf.. 1 11 1 1 Intl Harvester.... 73% 74 % % Intl Mer Marinept 48% 49 48 48 Intl Motor Truck.. 30% 30% 30% 30% Intl Truck 1st pf.. 69 69 [ 69 Intl Paper. . fi% Island Oil.... 2% 8% Keyser (Jullus) % Kelly-Spring Tire. 38 88 7% 81% Kelsey Wheel pf.. 90 90 90 90 1 19% 19% 19% 1n% 1% 1% Lackawanna Steel 38% 38% 37h 3T% Lee Tire & Rubber 26% 27 %% 27 10% 104 10% 40% 0% Maryland Oil.eeee. 14% 1% 4% Mexican Pete..... 106% 108% 108% 103% Miami Copper 21 2 2 Middle StatesOll.. 11 11 10% Midvale Steel. . 28% 23% 28% Minn &StL(n)... 12 12 1% Mo Kan & Tex..... 2% 2% 24 MoKan & Texpf.. 4 4 4 Mo Pacific 19% 19% 19% Mo Pacific 89 i 38 Natl Acme. 5 15 4 Natl Cloak 2% WH 1% 7H Natl Cloak & Spf.. 6% 61% 61% 61% Natl Conduit...... 1% 1% 1% 1% Natl Enameling... 45 45 4 Nevada Copper.... 10% 10% 10% New Or Tex&M... 60 60 50 N Y Air Brake, 85 65 66 N Y Central. 6% 69 6% N Y Dock. 23 29 29 NYNH&Hart... 18 18 18 18 NYOnt & West... 17% 17% 1TH 17% Norfolk & Westrn. 95 5 94 4% North America.... 61 6% 60% 60% Northern Pacific.. 71% 172% 170% 7% Oklahoma Prod... 1% 1% 1% 1% Orpheum Circult.. 21 a 2 21 Otis Elevat & 2 = Otis Steel. . 10% 10% 10% 53 3% 62% Pacific Oil...cecee 84% 34% 34% Pan-Am Pete..... 61% b5l 4% Pan-Am Pete (B). &% % @ Pennsylvania. % % UK Penn Seabd St 8% Th Gas 51 50 Pere Marquett 19% 19% 19% Phillips Petroleum 17% 17% 17% 17% Plerce-Arrow. 18% 17% 184 Plerce-Arrow 8 88 Plerce Oil. % 1 Plerce Oil Pf.coes. B 80 Pitts Coal...ceee.: 53% 053% B53% 68% Pitts & W Va...... 2T% 2% 2T% 27% Pond Creek Coal.. 1% % I 14 Pressed Steel Car. 1% 7% Pullman Co......« %% 964 Punta Alegre Sug. 2% 21% PureOll....ccccee 26 26 Ray Con Copper... 12% 12% Leading.....cceee 67% 68% Remington Type.. 19% 20 Replogle Steel.... 19 19 Rep Iron & Steel.. 47% 4T% Royal Dutch...... 68% b58% 65% 66% St Louis Southwn. 24 % u % St Louis Sown pf.. 3% 38% 383 33 Sears Roebuck.... 64% 6i% 64 644 Bhell Trad & Tran. 4% 0% 39% 9% BinclairOfl....... 20% 20% 20 20 Bouthern Pacific.. 5% 76% 76% 76 Southern Railway. 19% 19% 19% 19% Southern Ry pf.... &% Stewart-Warner.. 28% Stromberg Carb... 88 8 38 8 Studebaker... 04K B0% 8% 0% Submarine Boa % 5 & B % 4% 4% % 36 % 8% 8% Texas & Pacific... 2% 2% 2% 2% Texas & PC&Oll. 18% 18% 18% 18% Third Avenue..... 13% 13% 13% 1% 651 6% B4% TransContlOll... 7% 1% 7T%_ Th Union Oil.... . 19% 19% 19 "1 Union Pacific..... 119% 119% 118% 119% €% 63% 63% 8% 84 B4 United Drug 1st. a4 a4 a4 United Fruit......104% 104% 108% 108% United Retail Strs. 63% 654 63% 63% USIndus Alcohol. 50% 60% 43% 49% USRealty........ 4} 8% 6% &% DIVIDENDS DECLARED. Btock of Record. & Dist. Tel. Co. of N. J. Q. Esmond Mills pfd. q. F. W. Woolworth, q. $2. Gillette Safety Rasor Wi Ch: b ¢ #8130 o. Q. s Ry aly 33 t, 30 5. Riscalt oed. 5. 31 7 \t. Riscult pfd. G. $1. 117 Aug. “Payable fn stock of Mengel Company, © Direct to The Star Office. Open. High. Low. Close. USRubber....... 4% 4% 48 46% USRubberlistpf. % 9% 95 9 U S Bteel... 3 7 U S Steel pt. . 109 109 Utah Copper. 8% 8% 4% v 2% 28 28 26 28 28 _™ __my Y 6% 6 6w Wabashpf A. 21% 2% 21 21 Webber & Hellbr.. 12 12% 12% 12% Western Md 2d... 18% 18% 18% _ 18% Western Pacific.... 244 20% 204 2% Western Union.... 86% 86% 81% 8% Westhouse E & M.. 43% 43% 42% 42% ‘White Motor. 31% 81% 381% 31% Wilson Company.. 8% 88% 83% 8% Willys-Overland.. 7 _7___6% 6% Willys-Ovld pf. ‘Wright Aero.. Call Money..... L] L] HOURLY SALES OF STOCKS. 1lam. « 135 300 12 M. 202 500 250 900 2p. 270 900 —_— Washington Stock Exchange. BALES, Potomac Blectric cons. 5s—$1.000 at 85, $1,000 at 85. Capital Traction—T5 at 86%. (As of July Capital Traction—10 at 81. District National Bank—8 at 170. AFTER CALL. Capital Traction—10 at 87. Metropolitan R. R. 55—$1.000 at 91, $1,000 at 91 Washis 71%48—$1,000 at 104, §1,000 PR iRt mia s Money—Call loan, 6a7 per cent. Bid and Asked Prices BONDS D. 0 8606.uciccceccconeeee 94 PUBLIC UTILITY. American Tel. and Telga. 4s. American Tel. and Telga. Am. Tel. and Tel. ctl. tr, Am. Tel. and Tel. cons. 8. C. and P. Telephone Capital Traction R. R. Metropolitan R. Potomac Electric Light 5t Potomac Electric eons. Wha Washington Gas 7 Washin Wash. MISCELLANEOUS. Riggs Realty Bs (short) . Washington Marke ‘Washington Market STOCKS PUB! American Tel. and Telga. Amer. Tel. and Capital Traction . S Commercial District BAVINGS BANK. Commerce and Savings......... 188 st Washington . 12% Merchants’ s 147 Security Savings and 208 Seventh Street Savinj 30 Unlon Sarin e 1 U. 8. Eavings Washington Mechan! Arlington Corcora Firemen' America: National Unfon . TITLE INSURANCE. Columbia Title .. . i Real Estate Titie - [ 3 MISCELLANE( Columbia_ Graphophone com 5 K D. . Paper Mfg. C Merchants’ Transfer and Storage Mergenthaler Linotype 8% 0ld ‘Dutch Market _col ] 01d Dutch Market pfd. 9 Lanston Monotype 76 Security Btora; epaee Washington Market +oooee 28 *Ex-dividend. CURB STOCKS. Quotations furaished by W. B. Hibbs & Co. 1215 p.m o o Bid. Asked. Aetna DXDIOSIVES weveroseecoeme 12 12% Allied 011 . 3% lg =3 22 59 [ ..... 4 14 i, 8 Ty 108 42 3 3 Congolidated Copper 1% Continental Motors 8 CressonGold Davis-Daly Dominion_ 0 FFE Englneers' Petrol Eureka Or Farrel] Coal Federal Oil eeescscecces. 1% Fensland Ofl ceocevwrnceccses. T Gilliland O} 3 Glen Alden Oot 1% Glonrock Ol .. e ces. Guffey-Gillespio uees. 8% Granads O sovosesrmanns 3 ecla. . 3% Hercules Paper ..... 3 Intercontinental Bob! I International Petroleum ;5 " 8Bl yon noBTnoiZul oot 5 Pt R Midwest Oil e [ Midwest Ofl pfd e L2 Midwest ~Refini e 178 184 Mountain Producers’ ..ee. % 8% Nevada Ophir 25 28 b sosonlil] 19 North American 'ceeens 2 3 Northwestern Oil v, e 10 20 Omar Oil (DOW)eeesesesmesavesn 1% 1518 Pennok Ofl . Iy 4y Perfection Tire L] 8 Producers and 3 3% 4 i 2w 18 23 [ 10 10 2 8 8 8 e i 3 Bweets Co. 0f AMEriCA. cosesase 2 i Bwift International ..eeemcerena 24 28 Tonopah Divide ..eeveceesences 83 ) Tonopah Bxtension 1% 1716 TUnited Eastern . 2 TU. S. Light and Ho ES i U 8. Light 1 2 United_Prof 1% U. 8. sn 1 U. 8. Bt 25 2 6 7 10 15 i B Wright Aero K k] ofimA&— Armour ther COMuvansiommure 12! 12% Armour Leather praememes B° B Armour a7 88 Cudahy 50 b1 Libby . 7 = o o COTTON MARKETS, NEW YORK, July 14.—Notwith- standing the continued aotivity of spot business in Liverpool, futures there were rather disappointing this morning, and the local cotton market showed a reactionary tone. There was moderate selling by the south and scattered realizing which checked the advance, however, and a little later October eased off from 13.22 to 13.11, or a shade below last night's closing figures. The spot business at Liver- pool amounted to 20,000 bales, which 11,000 were for export. The total included 8,000 bales of American, Private cables reported realizsing and hedge selling in Liverpool future: Futures opened steady; July, 1! October, 13.14; December, 13.65; Janu- ary, 13.50; March, 13.75. —_—————— LIBERTY BOND CLOSING PRICES. NEW YORK, July 14.—Liberty bonds closed: 33%s, 86.64; first 4s, 87.14; seo- ond 4s, 86.94; first 418, 87.22; second 43%s, 87.06; third 4%s, 91.10; 4th 4¥s, s'g.u: victory 3%s, 98.32; victory 4Xs, 98.. [ -+ | Cumberland Pipe Lin THE EVENING STAR, WASHINGTON, D. €, THURSDAY, JULY 14, 1921 BOND ADVANCES WELL SUSTAINED General List Rather More Ir- regular, But Trading Is Good. NEW YORK, July 14.—The fifteen-| million-dollar state of Michigan | twenty-year 5% per cent bonds went | off rapidly as soon as the subscription | books were open this morning. They were all sold by 11:30 o'clock, which is better time than any new issue re- cently has made. These bonds were | offered at 103, on a 5.50 basis, and| being tax exempt, with a farly’ long | maturity, naturally proved very at- tractive. The general bond list was rather more irregular, but with recent ad- vances well sustained and with a good volume of business. ‘The railway list was inclined to mark time, but the fact that there was a ready defand around the high prices reached in the upward movement of the last two weeks testified to the presence of a lively investment power. Rock Island refunding 4s were up a fraction, and 80 were Great Northern Ts. Near Yesterday's Finaln. Atchison_4s, Southern Railway 5s.| Louisville 7s, Pennsylvania general 5s | and 6%s, New York Central deben- tures, Erle convertible Bs and other equally representative issues were dealt in within an eighth to a quarter of a point of yesterday’s final prices. Burlington and Quincy collateral 7s and Northern Pacific 68 both came down somewhat from their high, and Union Pacific 6s dropped off from 98% to 98% Chicago and Alton 3s were an exception, breaking another two points to 42%. Among the Industrials the feature was the heavy dealings in Cuba Cane Sugar 7s. At the opening these bonds continued their rally, getting up to 603, —nearly four points above their | low. Later in the day they receded below 60 again. Libertys Shade Higher. Goodyear 8s were supported around 9914, and Kelly Springficld §s around 94%. Midvale Steel 5s were stronger at 76% and 76%. American Smeiting 53, Armour 4%s, American Telephone and_Telegraph collateral 4s and Rubber 5s were all steady at yesterday’s prices. Wilson & Co. convertibles rose % to 78. Liberty bonds were a shade higher. Belglan 8s got up a half point to 991 and United Kingdom 5%s of 1937 con- tinued strong. _— OIL STOCKS. Quotations furnished by W. B. Hibbs & Co. Bl4. Askea Anglo-American 0fl Co. 16% 17 Atlantlc Refining_Co. 830 900 Borne-Scrymser Co. 340 360 Backes Pipe Lins 1 : 7 Cheseborough Manutacturing Co. 160 a Continental’ OfL " Corsrores.on 103 100 Crescent Pipe Line C Eurcka Pipe Line .. alena-Si il C Ohlo ¢ Pennsyl P Solar Refining Southern Pipe Line South Penn. Ol C: —_— FOREIGN BONDS. Quotations furnished by W. B. Hibbs & Co. Prices at noon: Berlin 4s... German gov. 4a. 8 Y Cologne 4s. AL EL Ges. 4148 16% Dresden 4 Mein'ger Bank 48 153 Dresden 415 Nord. L. Bank 48 185 Duesseldorf Vienna 4s. 21y Essen s Vieona Frankfus Frankfurt 5 Humburg 8s. Vienna fs. French s Italian Bs. Italisn notes 1925 gov. 121; Belgian Rest. bs. 72 German gov. 3%s 11% Belglan Prem. Bs. 74% e MONEY AND EXCHANGE. NEW YORK, July 14—Prime mer- cantile paper, 6%a6%. Exchange heavy. Sterling 60-day bills and com- mercial 60-day bills on banks, 3.5 commerclal 60-day bills, 3.5815. De- mand, 3.63%; cables, 3.64. Francs, de- mand, 7.84; cables, 7:85. Belgian francs., demand, 7.64; cables, 7.65. Guilders, demand, 31.80; cables, 31,86. Lire, demand, 4.61; cables, 4.62. Marks, demand, 1.83; cables, 1.34. Greece, de- | mand, B.40. Sweden, demand, 31.15. Norway, demand, 13.50. Argentine, demand, 29.25. Brazilian, demand,| holiday, Montreal, 12 5-16 per cent discount. Government bonds firm; rallroad bonds steady. Time loans steady; 60 days, 90 days, 6 months, 6 per ocent. ————— BAR SILVER QUOTATIONS. NEW YORK, July 14.—Bar silver, 3T 473 domestic, 99%; forelgn, 60%. Mexi- can dollars, 46%. LONDON, July 14—Bar silver, 37%4 per ounce; money, 4 per cent; discount rates, short bills, 4% per cent; three-month bills, 5% per cent. —_— ‘Women carried on the business of printing 400 years ago, as shown in old books still in existemce. CITIES SERVICE SECURITIES Bought, Sold, Quoted THOS. W. BRAHANY & CO. Investment Securities 510-11 Evans Building ‘Washington, D, Co Main 6189 LOCOMOTIVE 9§ Has millions due from American Railroads which should be paid as soon as the Government plan to pay the carriers is put into action. How should this affect the stock now? Texas Company EnHow will the proposed port tax on foreign oils and Mexico’s Export tax oncrudeoilaffectthisand other oil stocks market- wise? Write and ask for 51—W \ EQUITABLE 41st YEAR COMPLETED ASEEtS ,eomeeee...$4,303,536.65 Surplus $1,005,322.80 Systematic Saving Leads to Great Accomplishments —8ave as you earn, and you will begin ad in & financial way and be prepared for emergencies that may arise later. Subscriptions for the 81st Issue of Stock Belng Recelved Shares, $2.50 per Month 4 Per Cent Interest EQUITABLE BUILDING 915 F §t. N.W. JOHN JOY EDSON, President FRANK P. REESIDE, Sec’y. ] Money to Loan $30,000—79% intersat, in sums of $1,000 to §5,- 000, secured by first deed of trust on real estate. Joseph I. Weller & Wau. L & Trunt The Investment That Has Earned PRESTIGE FIRST TRUST NOTES 7% Plus— Safety Ease of Mind Convenience In denominations of $§100, $250, $500, $1,000 LOAN DEPT. SH‘.:\NNON & LUCHS 713 14th St. drifting. Stop Drifting! Any one can be a First Class “Drifter,” like a stick of wood, never getting anywhere except down stream with the rest of the rubbish. DRIFT- ERS who never SAVE for SUCCESS simply CAN’T BE SUCCESSFUL. Start that Bank Ac- count NOW—TODAY—THIS PAY DAY. Ten Dollars—Five Dollars—ONE DOLLAR uwill start you UP STREAM. Ask for our Daily Dime Savers—they’ll keep even your DIMES from The Second National Bank “The Bank of Utmost Service” 509 Seventh Street N. W. 7% Net Interest First Mortgage Notes $100 $500 $1,000 Absolutely Safe Geo. W. Linkins 1719 K St. “Thirty-five Years of Safety” $1,100 BUYS $110 INCOME. LARGER RETURNS POSSIBLE. SEASONED RONDS OF WELL KNOWN NATIONAL FI- 3 UNDER SUPBRVI- PROFIT - $1.000, $500. $100 CIAL TERMS IF DE! 5 CIRCULAR T-807. NATIONAL CAPITAL SE- OCRITIES CORP. F. 8603. 1416 H 8T. N.W. I__———, . Information on a stock before you act— l DESIRED. _SAND rather than after—will help you Before you buy or sell, let us post you on the stock that interests you. We can supply you with re- ports covering New York Curb Market stocks, based on available news, informa- tion from the companies and our special correspondents. New booklet “Traders Hand- book”—just published—will make clear many points re- garding stock transactions and market terms. Ask for UU-464 BALTIMORE OFFICE 433 EQUITABLE BUILDING Telephone: St. Paul 8451 Direct Private Wires New York Chicago Boston Philadelphis Pittsburgh Detroit Baltimore Cleveland JONES & BAKER Members Now York Curb Market Dividend Omissions In the past six months more than $23,000,000 of corporation dividends have been omitted. Companies which had paid the regular return on stocks for many years were compelled by business conditions to withhold these payments for the first time. In more than 52 -years there has been no omission or even dela our First Mortgage ington real estate. Which class of investments are you in? Swartzell, Rheem & Hensey Co. 727 15th Street N.W., Washington, D. C. The-Nation’s Home Town 52 Years Without-Loss to an Investor. otes on improved Wash- in interest payment on FINANCIAL. * 929 The The safes‘t and i S ° most satisfactory Safest [T Simin oo ecurity Invest- |tics arc First Mort gage Notes. These ment, |[notes are secured by e EOPLE who adhere to a policy of ’ mes. “safety first” are often criticised Washington Hor for their lack of sportsmanship. The (0] Buyers of these man who realizes the value of money notes are free from does not go in for chance proposi- the worries of risk tions; instead he looks for safe, well or loss Your u_i_I:‘red lI:n 'esunlfint.. i "3 : e irst ortgage oans we c:"'v':,'.!fi“‘ ;::Irc lip.:;l;nml: i;“ :e': offer are in the latter class. They are fm-r Dnfi sured; while our secured by improved real estate in AUS |Staff of experts at- the District of Columbia. The prop. Also our |44 to all details erty is thoroughly investigated by ex= booMlet | ¢ shpervision and perienced jeriges of real estate values, “Safety na; me! and the loan is rarely in excess of Fltat | seinent: one-half of a conservative total val- Then We _have these uation. This means that for every dol- Profit® |Gote in denomine lar you invest in our First Mortgage Loans there is two dollars in security back of it—can any investment offer better security? They pay 7% in- terest. They are in convenient denomina- tions. William S. Phillips Real Estate Investments 1409 N. Y. Ave. Main 98 I Capital and Surplus { " $2,000,000.00 | The Future Won’t Take Care of Itse Unless You Help by S-A-V-IN-G Not worrying about the future is doubtful philosophy. The world owes none of us a living. Each must be thrif- ty to secure an old-age of comfort. | Make a payday practice of laying away a fixed sum in this interest-paying bank, and you'll gradually make your future safe. Deposits in any amount in- Rate of Interest Paid on Large and Small vited. B FRAN DILLON 285 CO. STOCKS—BONDS 32 Broadway New York ALBANY OFFICE: 90 STATE STREET WILLIAM D. HOOVER... ‘WOODBURY BLAIR..First FRANK W. STONE FRANK STETSON. CHAS. C. LAMBORN PERCIVAL WILSON. K R.ULLMER Asst. Sec’y & & Travelers’ Checks for Tourists OFFICERS ...o....President Vice Preasident .Second Vice President ‘Trust Officer . Treasurer .Secretary Asst. Treas. 3. Savings & Trust Co. Oldest Saving Depository in Washington Comner 15th and New York Ave. »o* H.L,RUST:-- 912~15T ST.N.W. - in Property pen_at 8:30 AM. Every Banking Day g . . Columbia National Bank Proper Property Management ‘ggxho 911 F Street s?s:;m;o We are prepared to render an efficient and competent service in the management of rental A Friend You Can Invariably Count Upon In time of emergency, non-employment or other setback, a Savings Account proves the most dependable of all “friends.” Encourage your thrift account to grow by making payday additions thereto regularly. Compound interest helps every dollar in- crease. We Issue Travelers’ Checks & Letters of Credst. property, whether it be office building, residence, apartment or stores. For over a quarter of & cen- tury we have speclalized in property management and have improved our service contin- uously as a result of experience obtained. ‘We shall be glad to go over the matter in detall with you. B. F. SAUL CO. Property Management 934 N. Y. Ave. N.W. You can open a Savings Account at this convenient Bank with as little as Open Until 5:30 P.M. Tomorrow THIRTY-SIX YEARS BEFORE THE TREASURY WAS BUILT —The Metropolitan Bank was doing business in this same community. We're an old institution— Washington's OLDEST National Bank, in fact— but the only old ideas prevalent here are conserva- tive policies of protecting depositors’ money. and they afford your cash maximum security. { Your Payday Savings or your checking account will be appreciated. 37 PAID ON SAVINGS (4 Accounts opened with SAFE DEPOSIT BOXES OLDEST NATIONAL BANK DISTRICT O: COLUMBIA OFFICERS: DIRECTORS: ARTHUR T. BRICE . F. R, GEORGE W. WHITE eeeecas +ananeane - President T e e L Seuax 0. H. P. JOHNSON. .. ...Vice Pres. FREDERIH Do O. FAUST HUGH RETLLY & Sadonse: bt R 5 8, Ay R e C. F. JACOBSEN. ... vee.Cal R4 0. H. P. JOHNSON HERBERT T. SHANNO! J. GALES MOORE. ese os.Auditor RUDOLYE KAVEFMANN 3 O, BHERIDAN CHAS. E. BRIGHT..... «.Asst. Cashler KI !’.-I!T)"'tes- KELLEY, Jr. Cw . G. SMITH, Jr. ALBERT H. BEDFORD. e cotivas - e - ABSE. Cashler To EYEA, MoKEE w"iflx lh‘rgrcxz G LOUIS ECKLOFF . vosemmme- - - Alt. Cashier TORN B MOORE AR . avelers . Trust T Open at 8:30 A.M. Every Business Day Checks Degt. National Metropolitan Bank Cagital, Surflus and Undivided Profits Over $1,500,000 15th St., Opposite U. S. Treasury—107 Years Old M It Is Not the Amount But the Method That Counts in Consistent saving out of small earnings in the active period of life is the one sure means of achieving financial independencel for your later years. ;lle Swartzell, Rheem & Hensey Plan of SYSTEM SAVING es you to save $5 a month and upward and increase your financial independence by the simple process of sane, systematic, conservative investment, aided by the subtle but overwhelming power of compound interest. You receive 6% interest on each dollar for every day it is saved and your savings are secured by improved Washington, D. C., real estate—the safest fundamental security in the world —reinforced by our record of over 52 years without loss to an investor. Send for our booklet describing SYSTEM SAVING in detail, or call in and allow one of our officers to go over the plan with| you, Twartzell, Rheem & Hensey. Co. 727 15th Street N.W. ‘Washington, D. C. . The Nation's Home Town §3 Yeace Without Loss to om Investor $a=s