Evening Star Newspaper, November 23, 1921, Page 13

\. today was decidedly interesting. There | Bklyn Rap Tr ctts FINANCIAL. NEW YORK STOCK m(cumcs Received by Private. Wire Direct to The Shr ola. FEDERAL FINANEING| INNEAR FUTURE Treasury Certificates in De- cember Probable—Notes g Doubtful, “BY L A. FLEMING. There will probably be fo federal financing through offering of Treas- ury selurities December 1, although the Treasury will, in all probabjlity, find it necessary to float certifiites to take up part of the $401,55 Treasury certificates due Detember. 15, being semes T-D-1921, bearing s per cent interest. A call for about $16,000.000 p roeeed! of the most recent seie of certifi- cates, was received _yei erday and e paid in to .fhe various re- moml banks on being a national hollda: 1 This will leave about §150,000,000 of the proceeds of that sale remaining in_the banks. December 15 the final installment of income- taxes is due and payable. The maturing _certificates, a es T-D- 1921, are acceptable for ificome taxes and it may be that a suffictent amount will be tendered in payment for such obligations, so that the Treasury may not ave to borrow to meet the mi turity, however, as there is na kno & just what proportion will be ap- plied jo taxes, tge Troasury will be prepared for eveitunlities. It has been the habjt of the Secre-: tary ‘of the Treasury, on dates on which quarterly instailments' of in- come tax payments were due, to put out an issue of short-term notes. ® It is barely possible that another shcrt-term note issue may be floated Deceber 15, but the general opinion is that the decHning mnnay market and ‘the success attending the mar- keting of the 4% and 4% per cent certificates of November 1 will in- duce Secretary Mellon to wait until a later date before putting out more three-yéar notes. Lotal Market Interesting. Action in the locdl security market was considerable activity, scattered throughout the including the utilities and bank stocks and the shares of-Mergenthaler. tive seliing orders, a holiday. Really the weakness, such as devel- oped in public utllities, could be called nothing more than shaded concessio: Potomae consolidated 5s. 37%: Ri way 4s, 61%; Potomac, refunding 102% to the extent of $1,500 and this price bid for more. Riggs Realty, long-term 5s brought 90. Gas 7%s, notes, 104%. Mergenthaler was the leader in the share list, making another new high. this time at 134 and later at 135. The advance has been steady, with few sales, for the last few weeks. Bank shares furnished'some interest developments. Commerciai National was offered at 150, with 12§ bid. Continental Trust sold to 90 and then at 894, both prices new lows on the shares. Amer- ican National brought 157 and Union Trust sold at 115%. Bankers in Other Business. Bankers have, from time to time, been Tomorrow will be -compelled to acquire interests in other lines of business as a protection to their Four large banks. Atlantic National of New, York city, Corn Exchange Na- tionalof Chi ional of Omaha, have mqulred the great and largest lmlnn( mills west-of the Missouri river, tie ‘Wells, Abbott, Nieman®nilis. The price, $90,000, and the estimated value, $600,- 000. The company was heavily indebted ‘to the banks before it failed. - Bank Clearings Decrease. Bank clearings of the larger cities continue to decrease right alon ork is the leading sufferer in this re- ect, yesterday’'s showing being tud.- 907,419 off from the correspondi y last year. Chi 0 lost $16,600,- Philadelphia, 8,380,020, and $6,455,298, in the same Adv Rnmlay Ajax Rubber. Am.a Chemical. .. 4% Chemicsl pf 0% Allln Chalmers. ... 35% Allis Chalmers pr. 8% Am AgrChem..... 31 Am Agr Chem pf.. 9% Am Bank Note. 5% ‘Am Beet Sugar. ... 239% Am Beet Bugar pf. Am Car & Fdy. Am Chicle Co. Am Cotton Oil Am Druggists. . Arh Hide & Lex Am Jee Am lce Am L. France Linseed. Ar- Radiator. Am Safety Rago: Am Ship & Com Am Bmelting. Am Emelting pi Am Steel 231p-3sEs alugregnregeazys ] x=aBgRERseagany;, 0y:3o08,0, S0 nnysEgntas gar Am Sumatra Am Sumatra Am Te! Am Tobacco - 124% Am Tobacco (B).. 120% Am Woolen. Am Woolen p 02% Am Writing Pr Dl’. % Am Zinc & Le 1 Am Zinc & Ld pf. . Ansconda Assets Redlzn Ass0 Dry Goods. .. 4 Asso Dry G 1st'pf. Asso Dry G 2d pf.. Atchison. . Atchison pf. Atlantic Fruit Co Atlantic Guif. Atlantio Gulf pt Atlantie Petroleun Atlantic Ref pf.. Baldwin Loco. Balto & Ohlo. Baito & Ohfo pr. Beth Steel (B).... Beth Steel 7% pf.. Beth Steel 3% pf... 108% Booth Fisheries. Bklyn Rapid Trn. LELUL G L £ w4 1% 8% & 1 T3 1 13 / "“53%'!5"!‘%"2!;!&!‘§’?!ii“;ei"‘§’!§!5'§’2§§’ Burns Bros Butte Copper. Butte & Sup Case (J 1) pf. Central Leath Central Leath pi Certo de Pasco. Chandler Motor. Ches & Ohlo. . CHl & Eastern Chl & Eastn 111 pf. Chi-Great Westn. Chi Ml &£ 8t P. Chi Mil & St P pf. . Chi & Northwn. Chi R1& Pacifie. . Chi R1& P 6% pf. Chile Copper. Chino Copper. ... C.CC & 8t Louls, Cluett-Peabody. .. Coca-Cola Colo & Southern. Colo & Southn 1st. Colo & Southern 2d Col Ga: Col Graphophon CotGraph EERR FRLEHL R LR R TR LS AL R O BER.298 g L b P i FERES LU R H PR L 1 . e £ g3eiREargaazagne Cons Intl Cal Min. Cons Textile Corn Products. Del Lack & Wstn. Detroit Edison. L4 Dome Mines Elk Horn'Coal. Endlcott-:ohnio- Erie. Erie 18t pf... Famous Playrs pf. Fisk Rubber. 1 Freeport Texas. The Bethlehem Steel Company has | S called for payment, series D. 7 per cent gold not terest ceasing after January 18, 1922 Bankers’ Meeting. The District Bankers' Association il meet Thuraday evening. Decem. 'her 1,¥in_the assembly room of thé' smos Club. Enxnne- on Madison plue Guaranty Trust Resources. The statement of condition of Jhe Guaranty Truft gCompany of N York, as of Novemiber 15, 1921, llluad (od-y. shows total resources of $542,- 13.90 and deposits of $425,857,- 4510' Capltal, surplus and undivided profits total $41,552.791.10, and notes, bills and acceptances rediscounted with the lul]erll reserve bank amount to §17,925,000. PRICES NOW AND.IN 1913. NEW YORK, November 23 —Em- phasizing ,unevenness of the recent readjustment in prices of commodities, the Harvard University committee on economic research makes some strik- ing compariscas between last Oc- tober’s average price for certain com- madities and the average of the same @ommodities for the year 1913. Taking the 1913 average as 100, the prics of wheat In October works out 128, o com 87, of beef 70, of leather 102. f pig iron 128, of Bessemer steel Dillots 112, of Bessemer steel rafls 161, of electrolytic copper- 79, of lesd 107, of tin 60, of zinc 88, Middling upland cotton stands at 164 against the 100 of the pre-war vear, cotton finished moods at 214, silk 166, wool 188, anthracite coal 307, bituminous coal ‘190, petroleum 102, brick 229, window giass 238, coffee 73, print paper 211, sugar 124, alcohol 187, 1obacco 289. % Al T CITY OWNERSHIP. BRASFORD, Pa., November 23— At a recent electiol after an axuulv. paign for and agsinst o( the lighting plant, delented the proposition for a municipally own plant by & vote of fitteen to ome. detérmined battle was waged by both aldes and statistics vane,-herea from _alt points in the United States. The: Board of C panse towns . the 21 amunicipal Dvnarlhlp of power plants, received 1 -three ‘admissions of failure ou! of sixty-eight replies. CHICAGO LIVE STOCK MARKET. CHICAGO, November ‘23 (United States bureau of markets).—Cattle— TReceipts, 9,000 head;' beef she_stock, steady to 26 h yearlings, 11.00; 00!900' Dufls, toekers and feed: ers, about stead: X tive, | no‘n——nuelm-. 18,000 head; .:dl"' Na strong to 10 higher than yeste: average; mixed up mos sold early at 8.00; be: PR R BAR SILVER QUOTATIONS. NEW YORK, N 23—For- ngn bar silver, 68 m&nm dollars, ‘tesder lambs, :’;3 sold early. - xmtnon November 23~Bar sflver, [ Ol lsz{u-cfm ounce; monsy 3% per Discount. ratos: “Bhort bills 4 contr hes Taning. bifie 3 10-17 Snd & pex ceaty tel ‘mostly 50 hllher‘ Monf Gen Cigar n Klectric Gen Ge: Gran Northern pt. Great Nor Or Greene-Cana Guantanamo Sug. Gulf States Steel. . Haskel & Barke: Houston Of1% Hupp Motors. Indiahoma. Inspiration. Interboro Metro. Interboro Met pf.. Intl Agri Chem, Intl Agri Chem pt. Int Cemen Intl Harvester. Intl Mer Marine. .. Intl Mer Marine pf Intl Motor Truck. . Intl Truck 1st pf. . Intl Tryck 2d pf. 1nt) Nickel. Intl Paper. Invincible Oil 1sland Oil. Jewel Tea Jones Te: . Kansas City Sou. . Kansas C Sou pt. Kansas & Gulf Co. . Kelly-Spring Tire. Kelsey Wheel Kennecott, . Keystone Kresge (88)......118 Lackawanna Steel 41% Laclede Gat 8% Lee Tire & Rubber 2% Lohigh Valley [ Liggett & My Liggett & M . 162 Liggett & Myrs pf. 110 Loews Inc. . FERELEFLFE LEL g"!“i’s;"‘“;’#?';*!i!’ i'i;%!?i’i‘i'“fii!ii"; -] w R A U IRTLH AR LT SaprgpaengegageanEaans gt gags.rayyns I & . : %fiw-fi-‘iasés:'isgw;i*;iifiiaggfiimz"&!fifl" HLPH M:rl llnun-hrry Maxwell (B, HA ] Miami Copper Middle States Oil. Midvale Steel. Min; Mo Mo Kan& 2::*95;#*55;-5 P LTI LU T AL () 5 ER L IT LT B L PEL TEH IS G ET t 207955550 HT 2w §3388352985 Nova Nunnally Co. klshomd Ontarlo Siver. LEPTLFELETL 4 F¥Eapyuivens ¥sa-yesny ¥ gegsgnage -=;igii§-==!s!=;;s'a-:flgs=sz5;s | 80 Porto Rico !nx. 2 i3 ?uzusmsz !‘!!E!E!S"!fi’ 2y 's::fisz'fimsmmm-m §=='=s:'=z;;-;m!';;-'5=§§§;-=§§§=§: Railway ky Steel lur M.. . y Con Copper 4 'E'!ai’i'?“i"!'!&!? nu‘§§!"!'§'§¥;i‘i!!;Eiii'fii'iiii'ifiii‘fl'“ n-n lrnn & su-el . Rep Iron & St1df., Rep lluxot Truck. KRoyal Dutch...... Bt L & 8an Fran.., 22 Bt Louis Southwn. 1% Baxon Motors. Bedboard Alr uno ™ Seaboard AL pf... #4 Bears Roebuck. % “% bl Bears Roebuck pf. Beneca Copper. ... Shattuek-Arizona Shell Trad & Tran. Sinclair Ofl. % n l' Bouthern Pacific. . Stadebaker Bubmarine B $RE°F e & Wilms. & Twin City R Tran. uu Undérwood. Unidn Bag & Pl'r. flK unlcn oil. n Pacli Unlan Pacificpf... @ United Alloy Steel. % United Drus...... B United Fruit United Ry Inv. United Ry Inv pf.. United Retail Strs. U 8 Cast Ir Pipe. USCastirPpf. §Food Prod.... Indus Alcohol. Ing Alcohol pf. Der. .. Rubber 15t Bmelt & Rei 'iii:§'S‘§§i§§'i!l'!§;§z!'§5!‘!’§‘";?'5!!;‘:’2‘i‘!§‘i§§!!!§5!'§"!!i!5!§!§!!'!!§% H § ] '5“‘3'!;?“'2:%‘"!;!’!!!: #38 spofazzasy FE T RN -4 "-!ia*fiifi”“i!’aiisii"! 33 H e 1 FEE ELEFEEL gesen..y - E ‘Worthington Pmp. 4% HOURLY MLII OF STOCKS. 177 7% 1pm..... 58160 h.-.. e ll‘- Low. 1a Cali Money .. D) «g ——— FOREIGN EXCHANGE. . Selling checks—dollar 7alucs at nsen u-y. [ & e s s ot IS year, :to' u' ‘l(xl’ t {a r cent of this total was in lnrt;- ::unty. Connecticut, The tatal scre- by __states 'n. Connmlcut. ,180; N The CI Milway d St. Paul road, aot lnl m '"a”fl‘. o lines, nnowuu tions, ranging 8 cases, on Bhinped from: the ul Pacific coast and des! wllhn Islands. Announcement 1s made that Bethle- hem Steel has Ildyhd to Ql nlfid Ill ‘west to the | for the Ha. it with, t! fl'.u'-' pon'luo Jm b 'l.l 716, Wflw '?“ .'{‘s” for ho ll;fl'lll'h.l.' ’“l;' b\ln a S Ber i SeTVLs in the montn 13 ’." " ISTOCK LIST SLO, | BONDAND CLRS MAZXETS. ELACTION UNI}ERTAIN Weakening Trend in Early Hours Followed by Some Recovery. BY STUART P. WRST, @tock marks of the trading element regarding the change. No doubt tomorrow's hollday and the 't that many would pro- long it over the week end was ‘s further (nfluence In keepi: : down the volume of busin In the main the market inertia reflected still more lhl.n was the cage on previous m the uncertainty of whether the check 3 ‘sl advance -unt unc prices was hlll‘d do'n 10 for some In contrast to the inactivity ol stock trading, the bond the scene of further huvy" which lifted prices all aroun lisking many new high records for wure among those which sold higher than at any time before in 1921. Pos. sibly this had some connection with . ll\l passage of the new tax Wealthy capltalisis, no doubt, were Mmore of a cut in the maXimum surtax. Union Pacific’s m ‘The first of the lmlofllnl rallway Statements for iblish- , and v.urnscll :ut uulu rise in Union Pacific'’s gross Li,lfl. 0 from $20,033,000 the month as, therefore, not necessarily - nnuunn ot l'enen.l ‘business im- ent. But the comparison with e Jnly total of $14,049.000 was very striking testimony to the extent of he busing recovery from the time $6,109,000 in September. Invineible Ofl. In view of the widespread publicity iven to the bringing in of the new ‘well on the Invinelble the year. The tax-exempt liberty 3%s e | by Redmosd & Co.) ul:film BOND PRICES. fic==4=:g= NEW YORK, Novembsr 33.—The |CTnited bore wittiess foday | American ayain to the perplexity in the minds | 4 position of things on the, stock ex- |‘Atin Erle general lien - | General Electric r Tire and Nort llinols Central 5%s. Tuteerationm Mer-a Inter. Rapid t holding off until the last hoping for |y cunm . \|r¢lu'l-{'lmllu Chem’ o Tigs Western Union 1936. Wilson & Co. Ist SHORT-TERM SECURITIES. -(Reported by Redmond & Co.) Rid. Oer. . & Tel. 6s 1923.. Amerien "{\sll t oL, 0 1024 d Co. Gs 1928, the response of Invincible in the mar- |4 ket this morning was altogether dis- appointihg. Whatever may be thought about the merits of the company it- self there is no doubt that the stock has been very badly handled in the market. The public has lost so much money in it that it has become dech- unpopular and even the most h propaganda is apt to, fall flat. ctions. ctions for cash were ket Thiz repre- tax l t the new bll gned by to morr% icl the last day on wi immediate repupd stoc! would be a valld way to record a tax 1 -r. Under the new statute the tax ller cannot buy nack ‘within thii rty 80 that tod.y is bl * would be[u Copber Export c,.a."?; Packing Co. T ~I“¢. 7. 11_'5 00T etae s lm h the sellin, lnd Kennecott Copper 7 rohase of & stock | Hocking V-Ihy‘nr-"lr Humble Ligsett & Procter & VTR IS -SOLDUPTO PAR” te jectric 1 ":u'.'.‘..... B i U. 8."TRBASURY CERTIFICATES, NEW YORK, November 23—y ictory | 08 % per cent bonds gold today at par for the first time this year. I'berty 8%s crossed .96, the first time in 1881. In the foreign government division the features were the Fremch city bonds, the Bordeaux 6és, Lyons 6s and the Marsellles $3, getting above 89, which meant the highest they have reached this wseason. These bonds were brought out originally at 92% in November, 1919 They mature in ‘I!N the return fis 7 !l! mw lfh ll tlun the yleld on would imply mt. lm credit of nu ipaliti h-x N.' hl‘hl were made also by CH: ol Copenhagen 518 and Norw: orway 8s. 18, at 105%, were at tholr s Bwise 85, ..z“mv.. Were up & m:,.ndnwm the Belgian § Rail Issues Firm. railway 1ist new tops ian Northern 7s, whleh M M Louls Bouthwestern conlolldl(ld jumped vo polatl to_ 73, Baltimore and Ohlo, T 40 vun ild 'w:'m o highs we Marquette bs, i %‘."'P‘:{" i N ue 8, .in_Virgini 68, in Western lhr!ltnd 4s tion of Bt. in th lndnltrn.l ..:a were United States Rubber 5s, 1t- lu B8, _which advanced 1% " points; Dunnt ‘Hfl al ‘ Chile Co"'ur 6s. All ew highs Lh these w year. t | The ulmou issues were reactionary. OHAIN CIOTHING STORES: in smalier will be unm- dertaken by George Clothln. r- erllon. NEW YORK, November Taks Guring todars sarly trading. cu- n ng toda! 0%, -+ the continted stren rts ot a e south. at an ad- ints, and rather ol seemed to be mthl o and Cinclmolltl divi-| 23.The | I ewed firm- | trad L of t!n ti to| T stiies, /4 to 3 The |] likewise for 1 100 100 71-16 100 1316 = 00.3-32 16 102316 m $ide 101 intel Grain, Produce GRAIN AND PROVISIONS. BALTIMORT, November 23 (Spe- clal).—Potatoes, mew, 2.78a3.25; No. 2, 1.50a1.Y 1.25a2.00; No. 2, 75a1.0 yams, barrel, 3.00a4.0 2, 1.75a 2.25; bushet, stock, 1.00a1.25. Beans, hamper, 2.00a3.50. Beets, bunch, 4a5. Brocoll, bush 20a25. Brussell sprouts, quart, 10a30. Cabbage, ton, 30.00250.00. Carrots, bunch, 3a Caulifiowers, barrel, 4.00a5.00. Celer)’. dosen, 50a85; cnte ‘2550 mbers, crate, 3.0 “E Eggplants, crate, 2.00a3.00. Horse- l’ldflh, bulhlL 4.00a4.50. Lettuce, 09a3.00. Omions, 100 pounds, yster plants, bunch, 7as. .qe' bushel, 75. Peas, hamper, Pevperl. crate, 3.50a4.50. pkins, 8al5. Savoy cab- bage. bushel, IEIS Spinach, bushel, SBICB Kale, bushel, 25a35. Bquash, 00a4.00. Tomatoes, crate, Pum " Apples. pa 1, . 5.00a8. No. 2, 4.00a5.00 shel, 1.25a2.50; box apples, 3.00a3.00; loose, 100 pounds, IOO‘! 50. Cranberries, barrel, 16.00a 0. Grapefruit, . box, 2.50a4.50. onnns box, l.asns.no. s Selling Prices at Noen. ‘Wheat—No. 1 red wintey spot, no qnoutlona. No. 2 red winter, it 1.14%: No.'3. 1.00%: No. 3 red winter, garlicky, _spot, 1.13%; Novembar Wheat, 1.13%; December, 1.14%. Sales—No! ne. An_advance of 25c. per bbl on sll iflnfll‘ot city. ml‘lll flollr was an- c uncmte MA{ nogl": b corn, old, yellow, quoted Contract corn, 8 x. track corn, yello Sales—] ered 60¢ pe! = “Ih No. 2, 43 per bu.; No. 88 per bu.; No. 2 ‘westefrn cxport. spot, 91%, nominal, No. 3, no qlout on. 50 tolu demand is 'o‘ 1 straight v No. 2 stral “rye, nom m.~ won!. 18. M‘ No. 1 oat, 14.50a: 1?0 Nona?er 23. : Bubsequen quotations ai TPOO] ued drought south- uv‘ ‘II‘L wn‘r’t‘nl“ at tl:; Guilf of th the market pointed up- The close was % net hifhef, with 1% and May No. 0. mbfl‘ 0% tn 110! 4811133 to 1.13%. For !h. IM Cudaby 1 cking Bag lots, new, White, delfv- 4 A fl’mhwhiw.ll.llbbltth) —12: J RERRZLaR E- *® 3‘-“« =R a3k sig FESEF JREWCTT ISR | [T 1 11T 528,808 ‘en:: Perfectlos ucers Radio com. Badio prd. Tire a R fi.!?i’w 2 - BromdunBlencon k! HIER R FRRE 8. Light and Heat pfd. Thited Profit Kharing 8. Bhip C M e EBusZBEN wBuw! R OR P o- Co. Thion Carbide OIL STOCKS. Anglo-American OIl C Borue-Se; Fureka Pi Gtena-S:tnal O Co. Galena-Sigmal O Co. s C CHICAGO, November 23—The Pub- lic Utllities Commission of Tilinois is expected to reduce permissible dividend rate of the Chicago surfacc lines from 7% per cent to 6 per cent, without materfally ch: uation of $159,113,114, old commigsion. ~The companies have earned under 6 per cent and they claim the valuation is $20,000,000 too low. The commission is giving con- sideration to the establishment of a | peranent 7-cent fare and also the ndvlublll:y of an exneflmennl -cent Tare. and Live Stock LOCAL WHOLESALE MARKET. 150 pounds, &Y} . 45; chlckeu-, Tfl“' A3 eats, Drenea poultry—m-h killed spri dflokenl, pur Ib., 'z:no” h:n:‘.( per I‘\:‘ o Ib, 35 tarkays, her lh lhu kntl. younn. ‘each, 60a75. Porl Dl’e-!d mall, per Ib., 10a11. tock—c-lvu. choice, per lam b cholu. per 1b., 8% per, bbl., 6.00a 10.30; par bas. blIk.l 1401&25 west- e, per box, California lemons, per box, IUOIX 50; California oranges, per crate, fruit, 3.75a4.50. Flori pples, tables—Potatoes, zew, per bbl., 3.00a3.75; per sack, 3. sweet potatoes, rby, North Carolina, por cn!o. "-IJD Celery, per dos., 75a1.00. Romaine let- tuse, 1.26a2.00. " Cymblin, 3 per, crate. 3.0004.00. Spinach, per 1.5082.00. Sntone” D 00, sack,” 6:0008.35. Cabbage. 276a1.00 per bbi. bers, 3.00a6.00. Eggplan 2.00a3.00. matoes, per box, 2,00 00, Beans, 2.50a4.00 per Lasket. Lima 65 “per "qt. Sprouts, 15a20 No. 04 —_— BALTIMORE, clal) —Turkeys, * poor and cr@oked ens, youns. November 23 (Spe- live, pound, 45a50; breast, 33a40; old h”r .;ll)dzi'hlis e duoks, 18a26; geess; 31 ml pair, lflldti' ':)l{l towl, Koys. cholos, 48a50; falr to gapd, 46 ; old toms, 45; ohlekdnl, l’fil‘old m-n, 16a18; ducks, 26a23; geese, Eggs—Loss off, native and nearby flnt-, dosen, 63; southern, 60. Butter—Creamery, fa: ey. pound, 44 a46; Drln , 468 packed, t Saa buiter, 36a36.0 CHICAGO, November 33.—Unfawor- able crop repo: m e tho slr’ly trading today lll the 'hll market here. se there weu London reports of lotlvfl' in WJ! on the part of Jmnu here were meéager. 13 ou- tions, which ra; higher, with 0, May D lhn.lnf » shadé to “np.llnvuul » continued tat! hogs helped give ;,un'z': '"‘-1»:’-‘. i Pennaylvania state sold the Iut se- ,000 of road bonds ries of its tu.s of of 4% per o & syndicate of )ilv anh l-nfl Plflldfl!h bankers. successful bid was lu.l 5 FINANCIAL, First Mortgage Leadership What STERLING is to sil- ver, the name of Swartzell, Rheem & Hensey is to 2 First Mortgage Note. . Each purchaser of our notes 'protected by every possible uard known to our ex- ecnhvel, their experience e: tending through 52 years without loss to an investor. Swartzell, Rheem & Hensey Co. 727 15th Street N.W. 52 Years Without Loss 2o an Investor If you have money to in- vest we can safely place.it on gilt-edge first D. C. Mort- gages. Our record -of 30 years insures your protection. Cour- teous ‘treatment. Percy H. Russell Co. S. E. Cor. 15th & “K” Sts. Money to Loan S8 Srat on tes) wetate. g Joseph I W I%Neller e ""‘ L E.H. Rollins & Sons Founded 1876 416 Woodward Bldg. 15th & H Streets ‘Washington, D. C. Phone Main 2027-2028 New York I'hiladeiphls Denver Fraselsco Posten Chicago San Municipal Bonds of High Yield . Write for our list of offerings. Systematic Investment Thousands of people met their . payments on their Liberty Bonds without dif- ficulty and in a short time found themselves considerably richer. But of greater value than the moncy itself was the discovery that they could really save. Habits - of thrift thus ac- quired should mnot be for- gotten, Our First Mertgages, which can now be purchased on the Partial Payment Plan, offer an ideal opportumty for those desiring a safe invest- ment yielding an adequate return. Write for booklet. B. F. SAUL CO. Mortgage Loans 1412 Eye St. N.W. Main 2100 EQUITABLE’ Unless you amatic ings Rttie wall b plishe Jol the in a Ilnv.al way. l":‘flm for the 82d lssue of Stock Belag Recetved Shares,$2.50 Per Month 4 Per Cent Intevest EQUITABLE BUILDING . 915FSt N.W. HN JUY nmun. ”PIANK m& See’y, N'i‘noNAl. MORTGAGE AND INVESTMENT CORPORATION MEMBERS: New York Stock Exchange COLORADO BUILDING Dnmlend Paying - Preferred Stocks Common Stocks { i A selected list in each group is presented in | current issue of our “Securities and Commodities Review” Copy sent upon request. Private wires to principal citie: FLOOR CORRIDOR, mmnwum BUILDING' Telephone Main 2040. CHARLES R. ALLEY, Mgr. Money In Any Sum Our connectlons lacally and in unur citien emmble us to fur. n monwy iu any amount for Washington Reul Estate En- terprises. Stone & Fairfax 1843 N. Y. Ave. * Main 2424 You Never Charge Off Depreciation on an Investment in First Mortgages They Mean Absolute Safety, earn 1% and attention Shannon & Luchs 713 14th Street Main 2345 The Connecticut Mutual Life Insurance Company 0Old—Strong—Reliable —has furnished insurance to its members cheaper on the whole than any other American Company. E.D. Sampson General Agent 1125 Woodward Bldg. SS,WO Life Policy, $57.35 Age 0. aate of birth for fllustration rtubishad 1065, Asseta. over $150.000.000 M. LE BOY GOFF, Insaranee Adviser All branches Room 610 Woodward Bulidins. M. 848, yom. C-"H-d-li-db-—ui- KRIEBEL & CO. Investment Securities . Dept. 18760, 137 a.u-l-m = n-—- TIZENS SAVlNGS BANK QT - BESas lecosnrrrorersrrrassnsadnpnsssss neorsensss smiess sestnssRaias s resserses of o " W ARRRS. LSS N E Soper” W s 9 fe 400 0888 902600000 00 2