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Reccived by Private Wire Open. Adams Express... 0% \dv Rumley pf. 3% Ajux Rubber...... 18% All-Amer Cables. . 163 Allied Chemical. .. 5™% Allied Chemical pf 100% Allis Chalmers. ... 38 87 Allis Chalmers pr. Am AgrChem. .... Am Beet Sugar m Bosch. ... Am Brake Skoe AmCan.... Am Can pf . Am Car & Fdy. Am Chicle Ce Am Cotton Oil. Am Hide & Lea. ... Am Hide & Lea pf. Am Ice. Am Ice pf. Am International. Am Linseed. m Locomotive. Am Loco pf. Am Malt.. Am Radlator. Am Safety Razor Am Ship & Com... Am Smelting. ... Am Smelting pf. Am Snuff.. Am Steel Fd Am Steel Fdy pf.. Am Sugar.. 5 Am Sugar pf. Am Sumatra pf Am Tel & Teleg. Am Tobacco. .. Am Tobacco (B). . Am Tobacco pf (n) Am W Wks 6% pf. . Am Wholesale pf Am Woolen..... Am Zinc & Lead. \m Zine & La pf. . Anaconda. . : Asso Dry Goods Atchison.... Atchison pf. . Atlantic Cst Line Atlantic Fruit Co. Atlantic Gulf. ... Atlantic Gulf pf. Atlantic Petroleun Austin Nichols. ... Baldwin Loco Balto & Ohio. ... Balto & Ohio pr Barnesdall (B). Beth Steel. . Beth Steel (B).... eth Steel 7% pf... i3ooth Fisheries. Bklyn Rapid Trn.. Bkiyn Rap Tr ctfs. Bklyn Union Gas Burns Bros. Gutte Copper. Butte & Superi Butterick . Caddo Oil. .. . california PcKg . California Petrol Calumet & Ariz Canadian Pacific. Carson Hill Gold Central Leather. Central Leath pf. Cerro de Pasco. Chandler Motor Ches & Ohio. C&Estn I wi... €& Estn NI pfw i, C&Estlllef1pd. € & Estn 11l pf ctf. Chi-Great Westn “hi Great W pt. i Mil &St P... hi Mil & St P pf.. i & Northwn. .. €hi & Northwn pf. 110 Chi Pneu Tool. .. Chi R1 & Pacific. . ChiRI& P6%Pf.. Chi RI&P 1% pf Chile Copper.... Chino Copper. ©CC & St Louis... Coca-Cola. . Col Graph pf. Comp Tabulator. . Cons Cigar 2 Cons Gas of N Y ons Intl Cal Min. Cons Textile cont Insurance. Corn Products. . ... Corn Products pf Cosden & Co Cont Can. Crucible Steel uban-Am Sugar. Cuba Cane Sugar.. Cuba Cane Su pt. . Davidson Chem. .. Del Lack & Wstn Dome Mines. Elk Horn Coal. ... Endicott-Johnson. Fndicott-John pf. Erie. iirie 18t pf. Famous Players. . I"amous Playrs pf. 1ed Mines & Spf. . Fisher Body of O pf Fisk Rubber. . Freeport Texas Gien Am Tank Car. Gen Asphalt Gen Asphalt pf.. tien Cigar. en Electric ;en Motors. t3en Motors p! Gen Mot 6% deb tien Mot 7% deb Goodrich Goodrich Pf..... Granby Consol. Great Northern pf. Great Nor Ore. .. ‘ireene-Cananea. . Gulf Mo & Nor. +iulf Mo & N pf. . tulf States Steel.. tartman Corp. itaskel & Barker. ilomestake. Houston Oil. Hupp Motors. illinois Central. Indiahoma. .. Inspiration. Interboro Metro. Interboro Met pf.. Inti Agri Chem. .. intl Agri Chem pf. Int Cement....... Intl Harvester. Intl Mer Marine Intl Mer Marine pt intl Motor Truck. intl Nickel intl Paper........ Intl Paper (sta). invincible Oil. island Oil. Jewel Tea. fones Tea £ Kansas City Sou. . ‘Kansas C Sou pf. Kansas & Guif Co. . Keily-Spring Tire. Kelly-Spring $% pt Kennecott. . Keystone Tire. Kresge (SS)..... Lackawanna Steel Lee Tire & Rubber Lehigh Valley. ... Caen .. 82 184 4 45k 28% 17 4% 9 a7 83 15 @ 2 52! 3l 12% 3 1y kg 2478 54 [ 4215 %0 25% 9% % 28% 58 L ggett & Myers.. 158 Lima Locomotive. Lima Loco pf. LoewsInc..... Loose-Wiles Lorillard...... Mallinson & Co. . . Mallinson & Co pf. Manati Sugar. Alanhattan Elev Manhattan Shirt. . arket St Ry.. arland Oil. \athison Al Maxwell (B...... May Dept Stores. . Mexican Pete. Aliam1i Copper Middle States Oil.. Midvale Steel. Minn & St L (n) MinnStP&SSM. MoK&Twi.... MoK &TpIwi.. Mo Kan & Tex.... )Mo Kan & Tex pf. \lo Pacific. Mo Pacific pf. \iontana Power Montgomery Ward .Lullins Body..... Natl Acme....oy. . 86 % 1 38 . 153% 16% 59 2% 36 £ 3% 28 20 115 201a .2 26 16 293 6% 2% 94 2% 1% 3% 18% 4% FINANCIAL. NEW YORK STOCK EXCHANGE Grain Direct to The Star Office. High. Low. Close. Natl Biscuit..... Natl Cloak & Suit. Natl Conduit. Natl Enameling. . 124 126% No. 2, 1.50a1.75 NatlLead.. rel, 3.50a4.00; No. levada Copper 3 New oy, stock, 1.00al. NY Air Brak N Y Central NY Dock..... NYNHG& Hart... N Y Shipbuilding... Norfolk Southern. Norfolk & Wstrn. North America North American pf. Northern Pacific. . Nova Scotia Steel. Oklahoma Prod. Orpheum Circuit. . Otis Elev pf. Otls Steel. . Otis Steel pf. Pac Development. Pac Gas & Elec ! Pacific Mail voy cabbage, bush: t'an-Am Pete Pan-Am Pete (B). Panhandle. . ... Parish & Bingham Pennsylvania.. | Penn Seabd Steel. . 4 | People’s Gas. . Pere Marquette. Pere Marq pf Phila Company... Phillips Petroleum Plerce-Arrow Pierce-Arrow pf. Plerce Oil pf. A 44 per bushel; Pitts & W Va pf... Pond Creek Coal Pressed Steel Car. | Pressed Stl Car ptf. Producers & Ref. Pro & Ref pf.. Pullman Co Punta Alegre PureOil. ... Rallway Stl Spr. Rand Mines....... Ray Con Copper. Reading. .. Reading 2d pf. Replogle Steel .. Rep Iron & Steel Rep Iron & Stl pf.. Rep Motor Truck.. Royal Dutch. St L& San Fran... StL & San Frpf. St Louis Southwn. Savage Arms. . Seaboard Air Line. Seaboard AL pf... Sears Roebuck. ... Sears'Roebuck pf. Seneca Copper. . Shell Trad & Tran. Sinclair Oil Sloss-Sheflield. . Southern Pacific. So Porto Rico Sug. Southern Railway. Southern Ry pf Stand Oil of Cal jStand Oilof N J. Stand Oil N J pf. Stern Bros pf.. Stewart-Warner 86% | Stromberg Carb... | Studebaker. . #i Submarine Boat... T | Superior Ol | Tenn Copper. Texas Company. Texas Gulf Sulphur Texas & Facific Texas & P C & Oil. Tol St L& Westn.. Trans Contl Oil. Transue & Wilms. Underwood pf. Union Bag & Papr. 3% Union Oil. .. Union Pacific Union Pacific pf... Union Tank Car. .. 9% Union Tank Car pf 103 United Alloy Steel. 25 United Drug. Cnited Fruit. United Retail Strs. 5215 U S Cast Ir Pipe. USCastIr Ppf U S Indus Alcoiol. U S Realty. . U S Rubber..... U S Rubber 1st pf. demand for f: timothy and m . 2 straight rye, wheat, 13.00; No. 1 oat, 14.50a15.00. CHICAGO. December 5 tile higher in prices today arly dealings. !the part of houses with seaboard con- encourage bulls, jand so, too. did London dispaiches re- iterating that Japan of late had been a purchaser on a large scale. On the however, the southwest ap- peared to be selling freely.t Opening which rangedf rom 1 to December 1.13%a to 1171, were a moderate setback and tduring the rections tended followed by Corn had a dow the absence of After opening than by corn, continuing relatively Trade in provisions w tical standstill, with prices nominally MAIL ORDER BUSINESS. NEW YORK. December vember sales of Montgomery Ward aggregated $7,581,069, com- 6" in’ the same In the first eleven pared with |month last yer. against §10: ing period of 1 McCrory Stores Belgrade Montreal By the Associated Press. YORK, December exchange strong. Great Britain, de- 4.071%. day bills on banks, U S Steel pf. {demand, 7.46% Utah Copper Utah Securities. Vanadium Corp. Va-Car Chem... Va-Car Chem pf... demand, 7.24% | demand, 3. {demand, 14.45 {land, demand, 19.23. 14.08. Greece, demand, 4.0 % |demand, 32.5 12 Montreal, §1 13 Wabash pf A Wabash pf B.. Webber & Hellbrn Wells-Fargo Exp. Western Md. . Western Md 2d.... Western Pacific. 74 © X }g‘* \Washington Westhse E & M Wheeling & L E pt White Motor...... White Oil. . & Wickwire Spencer Wilson Company. . Willys-Overland Willys-Ovld pf Woolworth. . Worthington Pmp Wright Aero Gas Light—5 at Rauilway and Electr b lat 13% potomac Electric g. m. 6s—$1.000 at 98 304 | $1.000 at 9xi Linotspe—10 ut omg | 1824, 8 at 13 1 Bid and Asked Prices. PUBLIC UTILITY. Call Money HOURLY SALES OF STOCKS. .258 300 12m. Am. Tel. and /Tel. Andcostia and Potomac 5. tia and Potowac guar. 5s. and P. Telephone 58 Capital Traction R. R. City und_Surburban 5 :‘?*"TEXAS WOMAN JAILER KEEPS FIRM CONTROL | Makes Prisoners Comfortable. But! e Gana L Knocks Down Bad One With Big Xeys. SAN ANGELO, Tex.. December 5. Kindness toward prisoners is shown Conway, jailer of the: reen county jail in San Angelo, Conway uses force, if nec- essary, to control her charges. is the only woman jailer in Texas, so far as known. and one of the few, if | not the only woman jailer in the nington ~Market 3s, Washington Market 5 W. M. Cold Storage 5 PUBLIC_UTILITIES. American_Tel. and Telga 5 ashington Gas Norfolk aud Wasl Wash. Rwy. and For more than twelve years Mrs. Rwy. and El Conway has had charge of all kinds | of criminals, including the real “bad! cattle rustlers, housebreakers, Care is given by Mrs. Conway to!Farmers and Mechanic er charges and in case one becomes | Federal ill she feeds the prisoner with spe- cially prepared food from her own So far as possible, she tries| Riggs . o make her tharges forget they are | Second n prison and to make the surround- ings as comfortable as possible, ion Mrs. Conway Wu!l.@mu’il, in _Security and Trust iipped off that a big negro prisoner | and others had planned to overpower | her and make their escape at meal | Washington Loan Calmly she began her duties | of giving them supper. ational Metropolitan TRUST COMP On one occ tional Savings and Tru SAVINGS BANK. The negro | Commerce and Savings. edged toward the door of the cage . East Washington and ignored a command to move back into his cell. bunch of big keys in her h with one blow rendered the unconscious and forced back into their cells. Mrs. Conway has been a resident of | American San Angelo since the days of old Fort | Arlington Her husband, Pat Conway, janitor at the Tom Green county was a soldier at Fort Concho when it was a frontier post. FOOD COST IN BERLIN. By the Associated Press. . BERLIN, December 4.— The index figures for the cost of living in No. vember show an increase of 23 per cent as compared with October. cost of food, rents, heating and light- ing was 58.4 per cent higher than a Mrs. Conway 8 eveath Street and and | Union Savings prisoner | U, §. Savings the others | Wasiington Mechanic courthouse, National Union Columbia Title . Real Estate Title MISCELLANEOU; r and Storage . nthaler Linotype . tch Market com. Lanston Monatype - Compared with October, the Novem- ber cost of food to the individual Ger- | , Produce and Live Stock GRAIN AND PROVISIONS. BALTIMORE, December 5 (Special). —Potatoes, new, 150 pounds, 2.75a3. 100 pounds, 1.30a2.00; 1.00. Sweets and yams, bar- 2.00a2.5Q; bushel, hamper, 2.00 Bects, bunch, 3%a4%. Brocoli, quart, 10 Cabbage, ton, 30.00a50.00. ‘ar- Caulifiower, bar- dozen, G0a80. Cucumbers, crate, crate, 2.00a Horseradish. bushel, 4.00a5.00. Lettuce, basket. 1.00a3.00. Onions, 100 00a6.00. Oysterplants, bunch, 75280 Pea: 2. Peppers, crat Pumpkins, each, $a16. Sa- . 40a60. Spinach, bushel, 30a40. ‘Tomatoes, Turnips, bushel, 33 Apbles. packed harrel. 5.00a8.00; 2 stock, 1.00a2 .2523.75 loose, 100 pounds, Cranberries, barrel, 20.00a Grapefrwit, 2.50a4 00. Selling Prices at Noon. red winter spot, no red winter spot, 0. 2 red winter garlicky, spot, December, 1.17; January, 1.18. Sales—Baglot of nearby by sample Corn—Cob corn, old. yellow, quoted 0a2.75 per barrel. spot, 593 nominal; track corn, yellow, . 2 or better, old, domes: Sales—None. ~White. No. 2 . 42a43 per bushel. 80430 per bushel: No. 2, western export, spot, 973% nominal per bushel: No. Hay—Receipt: Contract corn, L 70. . no_quotation. 35 tons; range from 00 per ton, with a moderate r to good quality of} Wheat av- Buying on | Barely steady ward inclination in aggressive sup- % lower to a shade advance, May 54% to 54%, the gged a little all around. Oats were governed more by wheat starting % al{ to Lad a38% and then at a prac —The No- $68.531,523, 44 in the correspond- Corporation had to- in October of $1,250,793, compared with $1,188,151 a year azo. PR G — FOREIGN EXCHANGE. Selling checks—dollar values at noon today Tiudapest Foreign . France, Italy, de- Belgium Germany Holland, Norway Sweden, demand, 23.90. 18.65. Switzer- Spain, demand, Argentina, Brazil, demand, 13.12]] Stock Exchange | Trust Company—3 at 9915 5. 45—$1.000 il 1% 3 i 9 78 k3 its devart- average receipts, 64. . nominal: | al; No. 1% of “put and take. inally introduced in a spinning top. 1. 3 ac|then made use of dice. 4 5 ac) the |seized upon by a manufacturer | advertising novelties who provides a i“put and take” pencil, so that tie I sure moments of the bookkeeper can Le turned to account. The pencil is| hexagonal with the “puts” and “take on the various sides. All that is neces, is to roll the pencil over a level | ‘Imercial failures for last week num bered around 300, R..G. Dun & Co.. re porting 527. Bradstreet’s 497 and the ! Credit Guide 468. The number is only | slightly changed from the week pre- | i1 vious and is considerably above the number of fallures the same week ilast year. when defaults ranged It was just about a year ago| | that the increaase in the rate of fail- -lures began to manifest itself. 1300. LOCAL WHOLESALE MARKET. 65 Eggs—Strictly fresh, per doze: Live poultry—Roosters, per 1b., 17 turkeys, per 1b., 45a47; chickens, spring, per Ib., 45a4s; hens, per Ib., 25a26; keats, young, each, 60a70. Dressed poultry — Fresh killed spring chickens, per lb., 28a20; hens, per 1b., 28: roosters, per lb., 20; tur- keys, per 1b, 48a50: keats, youns. each, 60a75. Pork—Dressed, small, per 1b., 10. Live stock—Calves, choice, per Ib. 12a12%; lambs, choice, per 1b., 8 live hogs, per Ib., 8. Green fruits—Apples. per bbl., 6.00a 10.50: per bu. basket. 2.50a3.25: western, per box, 3.00a4.50. Califor- v+nia_lemons, per box, 5.00a8.50; Cali- fornia oranges, per c: g . Grapefruil,3.75a4.50. Florida oranges, 4.30a6.50. Vegetables—Potatoes, new, No. 1, per bbl., 3.00a3.75; per sack, 3.50a3.6¢ sweet potatoes, per bbl., 3.50a4.25 Lettuce, nearby, per crate, 1.00a1.50; southern, per . 1.00a3.00. Cel- ery, per_ doz., .00. Romaine let- tuce, 1.25a2.00. Cymblings, per crate, 2.50a3.00. Spinach. per bbl., 1.50a2.50. Onions, per 100-1b. sack, 5.7526.00. Cabbage, 2.75a3.00 per bbl. Cucum- bers, 3.0046.00. Eggplants, per crate, 2.00a3.00. Tomatoes, per box, 2.00a 00. Beans, 1.50a3.00 per basket. Sprouts, 15a18 per qt.; peppers, per jcrate, 8.00a10.00. DAIRY MARKETS, BALTIMORE. December 3 (Spe- .—Live poultry—Turkeys, pound, poor and crooked breasts, 35. Young chickens, 25a26; poor and white leghorns, 18a20; old hens, 23a 25; small and white leghorns, 18820; | old roosters, 15. Ducks, 18a26; geese, a30; pigeons, pair, 20a25; Ruinea i fowls, each, 40a85. Dressed poultry— Turkeys, pound, 46a4S; old toms and poorly dressed, 35a45: chickens, 35a 38; old roosters, 16a18; ducks, 25a28; off, native and nearby, 60; southern. 8. Butter—Creamery, fancy pound, 47a48; prints, 40a50; nearby cream ery. 43a44; ladles, 50a32; rolls, 28a30 store packed, 26; dairy prints, 28a30; process butter, 35a36. NEW YORK, December 5.—Butter— receipts. § boxes; creamery higher than extras, 47a47% creamery extras (91 score), 46a46 joreamery firsts (85 to 91 score), 3 145: packing stock, current make, No. 29. Eggs—Steady: receipts, 8,592 cas fresh gathered extra firsts, 62 fresh gathered firsts, 55460; New Jer-| hennery whites, extra fancy tions, 78 v western henner; to average extr: vestern hennery nearby gathered browns | colors, firsts to extras,| special marks. | ole milk fats, fresh, average run. 1k twin, i age run, 20 CHICAGO LIVE STOCK MARKET. CHICAGO. December 5 (U reau of markets).—Cattle—Rec 22.000 head sales stead around 6.00; stead ockers veal calves dull; bidding unevenly lower. Hogs—-Receipts. 45,000 head active 10 to 20 lower than § average: butchers off most buying liberally, but most of smalle houses out of market on account ol strike; top, 7.10 for light lights; prac- tical top, 7.00; bulk. 26. 10 to 15 low some held hi bulk early, 10. 5 od light fat n feeders. | _— C. ERNEST COALE DIES. UPPER MARLBORO, Md., December 5.—C. Ernest Coale, deputy treasurer county, died a few days ago at his home near here. He had been ill for several months. He was a widower and leaves two small | and Donald Coate. A { brother, S. Gardiner- Coale, is chair- | man of the republican state central :ommittee for Prince Georges county. EXPORT LUMBER DEMAND. CHICAGO, December 5.—E |mand continues as the strong feature of the structural wood mar cording to the weekly Lun®er. Domestic yard demand has settled to a rather listless situation. | Railroad timber and car material buying continues moderatly active. | but is not sufficient to maintain the | recent price levels on Douglass fir and yellow pine. Yellow pin buying is active in the couthwest, demand com- ing chiefly from the oil flelds. Fresh orders from Mexico, South America | and the West Indie: h a few from | Europe, are looked upon as forerun- ners of a growing demand. “PUT AND TAKE” PENCILS. NEW YORK. December 5.—The gam to learn the decision of Lady Luck. TRADE FAILURES HEAVY. NEW YORK, December 5.—Com. “Of the fallures during the week," | says the Credit Guide, “a large num- ber are stamped in the market as ‘fraudulent.” The belief scems to b founded largely on the fact that Ihasty purchasing was done by the : i bankrupts shortly before they closed i fup. i “Of the week's failures 14 per cent ‘iwere wholesalers or manufacturers, lagainst 16 per cent last week. The javerage liability was higher than the | week previous.” PETE PRODUCTION GROWS. NEW YORK, December 3.—Produc- ion of petroleum in the United States during the week ended November 26 averaged 1,327,880 barrels daily, accord- ing to official fizures. This compares with 1,294,150 barrels in the previous week and with 1,308,635 in the cor- responding week last year. The in- crease of 33,730 barrels last week in- .|cluded 23,800 barrels from the new Mexia fleld in central Texas. —_—— COTTON MARKETS. NEW YORK, December 5.—The cotton market was quiet during to- day’'s early session, with fluctuations narrow and irregular. The opening i \ was steady at an advance of 5 to 11 points on higher Liverpool cables and continued nervousness over the pink boll worm situation in the southwest. { There was no improvement in reports | ‘| from the goods :rades, however, and | the.opening_advance to 17.47 for Jan-! uary and 17.48 for March met some scattered southern selling or liqui- dation. Futures opened steady—December, 17.56; January, 17.47; March, 17.47; May, 17.17; July, 16.75. & LIVERPOOL, December 5.—Cotton, spot, in a limited demand; prices steady; good middling, 11. middling, 11.26; middling, 10.8! middling, 9.66; good ordinary ordinary, 7.16. Sales, 6,000 bales, including 4,700 American; receipts, 31,000 bales, cluding 25,200 American. Futures Elmira was the first college in New | closed quiet—December. 10.70: Janu- York state to open all 5 ary. 10.65: March, 10.58; May September, 10 e REFINED SUGAR STEADY. NEW YORK, December 5.—The eariy raw sugar market was unsettled, but no fresh business was reported and prices were unchanged at 3.87 to 4.11 for centrifugal. 1 Raw sugar futures were steady covering and trade buying with prices midday unchanged to three points Refined sugar was steady at 5.20 to 5.30 for fine granulated. was light, with buyers hold off and await developments. Refined sugar fucures were nominal with no transactions. PARIS BOURSE ACTIVE. PARIS, December 5.—Trading was active on the bourse today. Three per cent rentes, 5 50 centimes. 20 centimes. The dollar was quoted at 13 franc: 601 centimes. COTTON EXCHANGE HOLIDAYS LIVERPOOL. December 5.—The cot- | ton exchange here has announced the following Christmasg December 24, 26, 27 and 31 and January Year BAR SILVER QUOTATIONS, December 5. —Foreign Mexican dollars, d per ounce: money, 2% per cent Discount rates—Short bills, 3% per | cent; three months' bills, 3 11-16 per COMMONWEALTH FINANCE CORPORATION. 100 Broadway, New York, N. out ul| eventeenth aividend per share, pay ot} f $1.00 per share m’ £ Baldwi xtra_dividend in the amount ' heen declared | 'win whle Jawry 16, 192 gether with an common_ stock, | stockholders of record Der N. A. MERRITT, Growing Dollars A dollar can buy more now than @ year ago. ment today will pay back ir dollars of still higher power But you should m sure that your mone, and will &% be paid back Sheep—Receibts. 23,000 heads: fat lambs and light fat sheep steady strong: fat lambs top early. havg stood the test of time. They are worthy of your con- B.F. Saul Co. Mortgage Loans 1412 Eye Street N.W. Our connections locally and in in_any amount f Estate En Stone & Fairfax 342 N. Y.VA\‘P- a promise, but an established fact when you invest in FIRST TRUST NOTES INTEREST 7% —in your mail the day it is —not only which was origi- | SHANNON & LUCHS 713 14th St.—Main 2345 $5,000 Life Policy, $57.35 Send aare of birth for illustration Established 1885. M. LE ROY GOFF, Insurance Adviser All b Room 610 Woodwa Christmas coming. 1336 N. Y. Ave. % - R AY, DECEMBER 35, 1921. g FINANCIAL. p WANTED Attention, Builders LOANS Savings Teller ‘n o If you have money to in- Salnry About 31,200 | Frmat “Stort "'u“ .h;:-":; 'I:v‘:-umrce.a‘.m.?vl-a‘ payable monthly: and potes secured by Northwest Savings Bank | Beeis’s! Trist oa undivided interests ia Reai S | NATIONAL MORTGAGE AND i 2 £ ! INVESTMENT CORPORATION ! TO THE FEDERAL STemporaey ofis. i ! OFFICEHOLDERS 1418 Eye Street N.W. OW _toda: X wil u; MRS s o ~ Percy H. Russell Co. |2 it 5,2 SW. Cor. 15th & “K” Sts. || 538k, e v iy | LIBERTY BONDS PAYMENT PLAN for the purchase of such ' standard listed dividend payers. BOUGHT FOR CASH. Wesington, D C. 604 14th Street N.W. Phore Main 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. Harriman & Co. MEMBERS: New York Stock Exchange 111 Broadway, New York Washington’ st National Bank ! | i ! I | | 1 i i 0 0 It Is Fitting Now —while international conferences are in progress, to remind you that the Treaty of Ghent, which ended the War of 1812, had not yet been signed when this bank was organized. 1 One hundred and seven years’ con- tinuous service to an ever-widen- ing clientele equips Washington’s OLDEST National Bank pre-emi- nently to fully meet your banking demands. KA B 3% Paid on Savings Accounts National Metropolitan Bank Capital, Surplus & Undivided Profits Quer $1,500,000.00 15th St., Opposite U. S. Treasury—107 Years Old Washington Office COLORADO BUILDING Telephone Main 1603 G. B. Chipman Manager P e . 2 | N R P | i |Locomotive ! Complete analysis in current issue of our “Securities and Commodities Review” ¥ . pAT. Copy sent upon request. |‘ The true test of integrity and sound principle Private wires t £ - mves 3 < . O inos St ik resi | of an investment house comes fr m dealings of ' sustained volume over a long period of years, :A. A. Housman & CO. through bad times as well as good. Both in re- [ Yow Tork stoor Exchanes spect to extent and duration of our activities we J Volume and Continuity Ne York Cotton Exchs . Y. Coffee & Sugar Exolsy meet this test. - Swartzell, Rheem & Hensey Co. New York Produce Exchango New Orleans Cotton Exciauge 727 15th Street N.W. Washington, D. C. Chicago Board of Trade. | Associa members of The Naticn’s Home Town 52 Years W Members L Liverpool Cotton Association | Washington Office MAIN FLOOR CORRIDO! WOODWARD BUILDI Telephone Main 2040, CHARLES R. ALLEY, Mgr. out Loss to an Investor Money to Loan Secured by first deed of trust ot real estste Prevailing_interest and commission. Joseph 1. Welleri’,",," LR EQUITABLE Co-Operative Building Asmcialio! Samuel Ungerleider & Co. Brokers New Willard Hotel Mezzanine Floor Asnetls . LB4.303N36.65 Surp! .$:.007.900.01 Savings With Greatest James Sloan, Jr., Manager Resalts MEMBERS —Join the Equitable and save system. 2 I aticatts. Then vou will establie New York Stock Exchange Cleveland Stock Exchange J§ -ete ol & sl n e Pittsburgh Stock Exchange Columbus Stock Exchange Subacriptions for the 82d Issue of Stock Beinz Hecelved ohares, $2.50 Per Month 4 Per Cent Interest EQUITABLE BUILDING 915 F St. N.W. JOR% JOY EDSON, Preaid FRANK P. REESIDE. Seey, Chicago Board of Trade Telephones, Main 3364-3367 Leader-News Bldg., Cleveland, Ohio Chamber of Commerce, Columbus, Ohio J. S. Bache & Co., and Halle & Steiglitz New York Correspondents For many years the large railroad transportation systems of the United States have been widely recognized as providing a substantial basis for conservative investment. Bonds secured by mortgage on our stronger railroad properties have long proven popular not only with our own people but also, until the War, with the great investing public of the British Isles and Continental LZurope. The wide distribution which these issues receive has always assured their holders a ready market. and they represent to-day the most liquid type of corporate investment. This quality of quick convertibility into cash makes the inclusion of railroad bonds in a well diversified list of investments desir- able for those anticipating the use of their funds before maturity, especially banks and institutions. Railroad Bonds For Investment Railroad bonds of the higher grade, because of their ready marketability and inherent security, are one oi the most desirable forms of investment. As a class they are secured by properties having an aggregate value, as found by the Interstate Commerce Commission in 1920, of over twice the amount of bonds outstanding against them. The indispensable and public character of the properties as the arteries of the Country’s Commerce; the subsfantial equity over and above all bonded indebtedness; the relative stability of earnings of the carriers and their ability to pay interest on their bonds in periods of depression are some of the con- siderations which have induced most of our States to permit funds in the ~ustody of Savings Banks and Trustees to be invested in approved rail- road bonds. We have participated. after careful investigation. in the underwriting of original issues and have dealt in high-grade railroad bonds for many vears. We should be pleased to render any service in connection with railroad bonds or their purchase for investment. sent upon request. Harris, Forbes & Company Pine Street, Corner William, New York Washington Office, Hibbs Bidg. Telephone Main 2078 o 4 ‘ Our December Bond Circular offering a number of railroad bonds -~