Evening Star Newspaper, June 10, 1922, Page 21

j FINANCIAL PRICES OF BONDS FRACTION LOWER Bpecial Dispateh to The Star. NEW YORK, June 10.—Prices in the ‘bond market today were generally a | fractlon lower, especially the con-| bonds Kept ceed, and equal. the vertible issues. Liber: active, but failed to ¢ one or two instance closing prices of the Forelgn external loume were featir - less, panese first 415 slightly and the Mexican gov flves were higher. Others, like Rio de Janeiro $s, went lower. Among rall issues the low-pric bonds held their ground fair 1 and there were onl the high interna justments s below the t began cago_and Al the 3 per cents In the indu ar 119, Cerro de among the tions, and down fractior The volume of | tn the New York 101 and the ) bid, offered at 105 1923 were 1003 bid at 1 the 6s of 1008, bid, o at 101Y%; and the 63 ¢ 1843 107 bid, offered at 1¢ DEALINGS ON CURB ARE MUCH SMALLER Spectal Dispatch to The Star. NEW YORK, June 10.—Sell resumed at the opening of exchange today, but there was « dence of some support atter the tlal transactions. Deal much smaller than recently, 1y en the reaction. ft ranging from fraction a point, had becn market rallied first time in seve : houses purchiased on ba were seilers in the first utes, but thereaft ated on both sic have sold on ba Standard Oil i supply for a time, but after clines there w some g00d Standard 0il of Indiana Oil of Kentucky Jlutual Oil and were firmer. Mexic stock and the voting t held well even in the early selling. Simms P Skelly, after heavine steady Motor stocks were a but price change Lincoln Motor wa and Hudson held Durant and Packa the early dealing ly later. Cuban was more active advanced rather early setback were heavy durin of the session. T¢ aulet. WEEK’S COTTON MARKET NEW YORK, June 10.—There a somewhat unsettled tone cotton market during the earl of the week. There that a poor crop s counted with the 1 end-May condition fi the market was ent reactions. As a rted in th iarket bec and excite Peoplc who had sold prev the hope of rebu were reported et advance. while there ports of a better trad covering helped to send the r into new high ground for the se o8 were re- demand and arket <on in the case of new crop deliveries and | back to nearly the high point of 1 September in the case of July con- tracts Profit-taking checked the advance above the 22-cent level for October and December confracts and causcd some irreg The renewal of unsettled Show, rainy w ther in the south has been commented upon as particnlarly dis- | appointing to people who h before or after the government' report of June 2. At.that tum was quite a general dispo to Jook for the usual or perhaps more { than the usual improvement in crop conditions during June, but the last two or three days of wet weather brought in more numerous crop comn- plaints from various sections of lhu" | lltnets Central. belt and reports that boll weevil wer becoming even Under these circumsta vance of more than 2 c the low price touched on bure has been regarded as chiefly fears of dis dition figures. Trading in the Liverpool market has been restricted by the Whitsuntide and the week's advices from guods markets have inspired no special comment. Sales of print u day lue to cloths in Fall River for the week were estimated at 140,000 pieces. It is reporied that the advance in raw ! cotton brought in more inauiries for ods from the interior, which might result in business if the higher prices were maintained. MORE THAN $125,000,000 IN NEW BANK’S CAPITAL |« NEW YORK, June 10.—Bank of America_and Atlantic National, two of the oldest financial institutions in the city, have agreed to consolidate under the nume of the Bank of America, it is announced. Through the consolidation, which is expected to become effective July 15, Bank of America will have resources of over $125,000,000. Bank of America was founded in 1812, as the successor of the First Bank of the United States. In 1920, the Franklin Trust Company merged with it. The Atlantic National Bank was founded as the Merchants’ Exchange National Bank in 1829. Kountze Brothers, who became' identified with it in 1914, have been associated with ‘American’ banking since 18707 The Tembers of the firm established and developed several banking institu- tions In Nebraska and Colorade, in which the present members continue their interest. ‘WEEK'S WOOL REVIEW. BOSTON, June 10.—The Commercial Bulletin's wool review for week say: “While the wool market at the eastern seaboard has been only mod- -ately active it has nevertheles n very firm. In the west the new is_moving steadily at firm prices also. The woolen mills are generally well occupied, while the worsted manufacturers find business rather slow. The foreign primary markets are & bit easler on top-making meri- nos, while good combing wools are ! firm. Yorkshire reflects the same con- « aftion of affairs, tops being down a enny to 64 pence for September- ber gelivery. > NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Adv Rumley. . Alaska Gold Ajax Rubber Allied Chemcal. .. Allis Chalmers pf.. . An1 Agr Chemical { Am Agr Cliem pf. Am Beet Sugar. NYO& West. . Norfolk & Westrn North American... 62 62% 62 621 North American pt. % 8% Northern Pacific. . b Nova Scotia Steel. Nunnally Co. .. Oklahoma Prod. ... Orpheum Circult. Otis Elevator. Otis Owens Eottl Am icle eceding duy. | A Genere Co; Am Cotton 011 pt. Am Drugeist: . Am Hide & 1.eaf 4 ! Am Hide & Lthr pf. Pac Development. ... PacificOMl. ... . Pan-Am Pete (B) Panhandls Pennsvivanl Penn Sq People’s Gas 5 Peoria & Eastern... 1% 2% 19% 20% Pere Murquette. Paila Company. Phillips Pete. Plerce-Arrow. Plerce-Arrow pf Pond Creek Coal. Postum Cereal. . Postum Cereal pf Producers & Ref. | [ Baldwin T.oco. . . Baldwin Loco pf ddywir 2 Raflway Steel Spr Booth Ficher Bush Term pf Butte Copoer. Butte & Superios Santa Cecilla Sug Savage Arms. . Seaboard Air Line. . ifornia Pckng. ifornia Petrol. adian Pacific. e Plow Works. Sears Roebuck. Seneca Copper . Shell Trad & Tran! Sinclair Oll. . Sloss-Sheffleld So Porto Sugar. Southern Pacific. Southern Railway.. 23% 23} 234 (234 Southern Ry pf. 4 Stand Oil of N J Sterling Products. Stromberg Carb Studebaker-. . . Superior Oll. . Superior Steel Tenn Copper. Texas Company. .. Texas Gulf Sulphut 47% 474 5% 46l Téxas & Pacific.... 80% 80'a 304 Texas & PC&Oil. 28% 29% 2875 29 Tobacco Prod. . {80 TolStL&WnDIB. 49 49% 49 49 | Trans Contl Ofl.... 16% 16% 16% 16% i | TwinCity RTran.. 6% B6% 664 66% Unlon Oll.. Cnion Paclfic..... 136% I36% 136 136 United Ali-v Steel. 38 8 83 °' 38 United Fruit. United By Inv. 5% United Rotail Strs. 6% 65 63% .64 USCastirPipe... 83 83 .33 (33 USFood Prod.....a7T% ™ 7% 7% U S Indus Alcohol. {53% 64% bita (54% S S Realty... 6T% 68 674 .68 | Cons Inti Cal Min.. | Corn Froducts. : Cosden & Co. SOMEWHAT UNSETTLED | €in-am Sugar. .. 25% « | Cuba Cane Sugar. S | Cuba Cane Supf... 8 i { Davidson Chem. | Del Lack & Wstn. Utah Copper........ 65% | Du Pont (ED).... 130 { Eastman Kodak.., 8% «c Stor Battery. . Utah Securities.... 16% 16% Vanadium Corp... (48 49% Va-Car Chemical.. 30 20% | Va-Car Chem pf... € .68 Vivadou........ Wabash..... Wabash pf (A).... 80% Webber & Heilbrn. 14%s 144 Fairbanks Co. 1ous Players Western Md. 12 Western Md 2 .20 20 Western Pacific.... 20 20 Western Pac pf. 61 61 Western Union.... 9% 98% Westhse E & M 60 603 | Freeport Texas. Wheeling & LE... 13% 14 Wheeling & L Epf 25 25 , White Eagle Refin. 28 28 White Motor. White Oil. . Wickwire Spencer..17% 17% ! Gen Am Tank Car.. Gen Asphait. { Gen Electric. { Gen Mot 6% deb. willys-Overland.. 8% 8% rity in the late trading. | g { Hartman Corp | Hendee MIg. Houston Oil. Hupp Motors. Hydraulic Steel. | interboro Metro, Jpointing end-June con- H::frc";;z:fiy ! Int Combustn Eng.. 24 | Intl Harvester. . intl Mer Marine. | Intl Mer Marine pZ. 82 invincible Oil. fowa Central. Kansas City Sou Kansas & Gult Co. Keystone Tir Kresge (S8). | Lackawanna Steel. { Laclede Gas. . | Lake Erie & W. Lake Erie & W pf.. 65 | Lee Tire & Rubber.. 31% Lehigh Valley Liggett & Myrs pf { Lima Locomotive. Mack Truck 1st pf. 89 Mallinson & Co. | Mallinson & Co i Manati Sugar. . Manhatn Elec Sup 66 Manhattan Elev. Manhattan Shirt. Marland Ol. . Mariin-Rockwell. 2 Mexican Pete pf Miami Copper Middie States Ofl. Midvale Steel. Minn & StL (n)... THE EVEN NG STAK, WASHINGTON, D. C, SATURDA Natl Conduit. s s L Natl Enameling. ... 5% 1% 514 6% Natl Lead. ..: % M % 9% NatiRyof M2d.... 6% 6% 5% 6% Nevada Copper. 1% 1% 1T% 1R NewOr Tex& M... 65k 65% 65K 654 N Y Air Brake. 6 %6 ki . N Y Central. 89 89% 89 89% N Y Dock... 4 a% 48 ek NYNH & H: 28% 20% 28% 28% Steel. ahd § sk s1% 81 81 s 38 884 88 55 G5k B4 BB 0% 2% 0% 28% 0% 41 9% 9% Pierce Oil. 9 9% % 9% Pierce Ol p! . BI% 5% Pigely Wiggly Pitts Coal. Pltts & W Vi Ray Con Copper Reading. ... Reading 2d pf. Replogle Steel Rep Iron & Steel. Rep Iron & St! pf. Rep Motor Truck. .. Reynolds Spring R J Reynolds (B) Royal Dutch. .. StL&SanFran... 2% 21% 2% 2T% StL&SanFrpf... 4% 47 1% 41% St Louis Southwn.. 28% 28% 8 28% StLouisSownpf... 46 46 46 46 Seabaard A L pf. % 12% ee. 12% 12% 0% Wwilson Company.. % % Wright Aero...... 8% . 8% Call Money..... 3 3 4. HOURLY SALES OF STOCKS. 280100 (2 m.. 696 4008 466700 2D.Mecere cme o —_——— COTTON MARKETS. . NEW YORK, June 10.—The cotton market opened steady at an advance of 1 to 7 points on continued wire and commission house buying promoted by bullish reports from the goods mar- kets and reports of a firm spot situation in the south. There seemed to be a good deal of reactionary sentiment around the ring, however, and prices eased off shortly after the call under scattered southern selling and realiz- ing prompted by rather a more favor- able viow of weathe! ditions. ' Oc- tober sold off from 22.12 to 21.90, and December from 21.92 10 21.70, or about 12 to 16 points net lower. Futures opened steady; July, 22.00; : December, 21.90; Janu- March 21.65. jegaees Texas rain reports rallied the mar- ket and near months made new high records for the movement on cov- ering by July shorts and grade buy- ing. July sold up to 22.37 or 35 points net higher, while October advanced to 22.28, with the market closing firm at net advance of 10 to 30 points. Futures closed firm, July, 322.31; October, 2; December, 22.01; Janu- ary, 21. March, 21.73. Spot cotton steady,.middling, 22.85. NEW ORLEANS, June 10.—While the cotton market tried to react from the aadvance todsy, it again met.determined buying and after declines of 2 to 7 points under yesterday's close around the opening, it rose to net advances of 13 to 30 points by the end of the first hour of the session. July fell off to 22.15 and then rose to 22.47. Futures opened steady: July, 22.20; October, 21.62; December, 21.40; Janu- ary, 21.2 March, 20.98. The usual flow of unfavorable crop and weather accounts from the in- terior kept the @emand up to largd proportions and 4n the late trading the advance was widened to 23 to 35 points, July rising to 22.52. Offerings were chiefly from realizing longs, but they were not -sufficiently heavy to cause setbacks of consequence. On the close the list showed net gains on the session of 15 to 28 points. July closed at 22.48. Futures closed steady at a net ad- vance of 15 to 28 points July, 22.48; October, 21.88: December, 21.52; Jan- uary, 21.32; March. 21.08. Spot cotton steady, 25 higher. Sales on the spot, 1,017 bales; to arrive 81; low middling, 20.75; middling, 22.25; good middling, 23.25; receipts and LIVERPOOL, June 10.—Weekly cot- ton statistics: Total forwarded to stock none. mills, 40,000 bales, of which Amer- ican, 29,000; stock, 862,000 bales; American, 500,000; Imports, bales: American, 36,000; exports 000 bales. all American. 39,00 ION NEW YORK Liberty 3148, 103247 Liberty 2nd 4s 1927-42. Liberty 1st 41s 1932-47..10000 9996 9998 Liberty 20 41{s 192742.. 9996 9992 9094 Liberty 3a 41¢s 1928, Liberty 4th 414s 1033-38. 10000 9998 9998 Victory 4%s 1022-28. . Republic Chile 88 °26. ! Republic Chile 8§5'41. Swiss Confed 8 f 88 Utd Kingdom 51529 Ajax Rubber 8s. . Am Sugar Ref 63 Am Tel & Tel ¢l tr 58 Am Tel & Tel cl tr 4s Anton Jurgens cv 6s Armour & Co 413s. Atlantic Frult 7s Cerro de Pasco 8s. Con Coal Md 1st ref 5: | Duquesne Light 6s. | Framerican 1D 7148 Goodyear Tire 88 '31. Goodyear Tire 88'41. Steel & Tub UNITED STATES WAR BONDS. H Tow. Close. - 10002 10000 10002 10068 10060 100 60 FOREIGN GQVERNMENT, STATE AND MUNICIPAL. High. Low. Close. Argentine 7s. 00 100 City of Bern 8s. m of Bordeaux 6s. 86Y% 86 86 L1100 w0 110 1% 91% 9% of Christiania 8s Copennagen 5125. of Lyon 6s. #6la ‘B6l B6l3 Marseille 8s. 86l B6% 86V of Porto Alegre §s... 101% 101% 101% Rio de Jan 8546 w01 100 Rio de Jan 8847 108 108 of Sao Paulo 8s. 103 103 of Zurich nz 12 Czechoslovak $s. 9% 9T Dept of & wla 9% Dom of g9 90 Dom Canad 100% 101 Dom of Canad: 9% 983 Dom of Canada 100 100 Dutch East Ind g % Dutch E1sf 6562, ut 804 French Govt §. 103% 103% French Govt 7 101 101 Japanese 41s sterling... 91% 91% 9% Japanese 1s sterling. Kingdom Belgium 7348 Kingdom Belgium 6s Kingdom Belgium 8s Kingdom Denmark 68. Kingdom Denmark §: Kingdom Netherlands Kingdom Norway 83 Rep of Bolivia §s w i Rio Grande do Sul 8s. .. ate Queensland és. te Queensland 7s. Utd Kingdom 538 2. Utd Kingdom 5358 °37. U S of Brazil §s. . U S of Mexico 5s. ! .. 67% 67 6% USof Mexico 68 large... 65 bt 5% USof Mexico4s........ 41% 46% 464 MISCELLANEOUS. . 102% 102% 102% Am Agri Chem 7% Am Smelting 1st 58 Am Tel & Tel cv 68, 1% Atlantic Refining 613 Bell Tel Pa7s..... Bethiehem Steel s f 65. Chile Copper 6s Chile Copper 7s Columbia Gas 5s. Con Gasconv 7s. .. . Cuba Cane Scv deb 8s. .. 86 Detroit Edison ref 6s.... 102% 102% 102% Du P'ont de Nem 7%s. “mpire Gas & Fuel T%s. Fisk Rubber $s L 101% 101% 101% - 116% 115% 116% Holland American s f 68 Indiana Steel 58 t ctfs Inter Mer Marine 6s. Inter Paper 1st 58 B. Kayser (Julius) sf 7s. Kelly-Springfield 8s. . . . . 109 Lackawanna Steel 58°50. 88% & 88% rland Oil temp 7%, Mexican Petroleum 8s. .. o g9ty U9 Montana Power 58...... 9 9% 964 New England Tel5s wi. 974 9744 973 Northwest Bell Tel 7s. 106% Pacific Tel & Tel 58 Pac Tel & Tel 38 ctfs. Pan-Amer P& T 7s. Philadelphia Coref 68 A. 97% 97 97% Pierce Oil deb 58. . Producers & Ref 88 Sinelair O1l 7343 Sinclair Oil 7s. Sine Crude Oil 53 Southern Bell Tel Sou Porto Rico Sug T TUnited Drug cv 8s. U'S Rubber st 5s. US Steel s £ 5s. Utah Pow & Light 55 Va-Car Chemical 1st 5 Va-Car Chemical 7%s. Warner Sugar 7s Westinghouse T Wilson & Co 1st 63 Wilson & Co cv 7348, Wilson & Co cv 6t ORI o Sy STOCKS ARE UNSETTLED THROUGHOUT THE WEEK NEW YORK, June 10.—Stock mar- ket prices were irregular or unse! tled throughout the week. A ma- Jority of the more active issues were plainly disposed to give way to pro- fessfonal pressure as outside interest waned. Very much the same conditions prevailed in the bond market, al- though several of the liberty group attained to high records and new underwriting offerings of domestic and foreign origin were easily ab- sorbed on public offerings. Despite the enormous expansion of jbrokers’ loans, call money rates fell to lowest renewal quotations in four year! Concessions were made on thirty and sixty day accommodations and commercial paper was in better demand. Eliminating the coal strike and the prospective strike vote arising from another cut in railway wages, indus- trial developments were mainly en- couraging. May production in the automobile trade was a record-break- er, according to authoritles, and ad- ditlonal advances were announced in prices of metals, , raw and refined sugars, textiles and leathers. Disclosures connected with _the proposed three-company steel mer- ger dampened speculative ardor In shares of that type, but gossip con- tinued to deal broadly with possible combinations in other industries and some of the minor rallroads of the west and southwest. Severe declines in Mexican govern- ment bonds suggested fallure of the plan to readjust the external debt of that country. Abandonment by the Paris bankers’ committee of negotla- tions for an international loan to Germany was followed by reversals in all the European currencies at this center. STEEL TONNAGE GAINS. Report for May Gives 5,254,228 Tons of Unfilled Orders. NEW YORK, June 10.—The monthly tonnage report of the United States Steel Corporation, made public today, showed 5,254,228 tons of unfilled or- ders on hand May 31. This is an increase from April's unfilled order, which tetaled 5,096,917. —_— LEAF TOBACCO MARKET. BALTIMORE, June _15.—Receipts last week amounted to 331 hogsheads, also 176 hogsheads reinspected. Sales were 478 hogsheads. Market active and prices firm. Prices per 100 pounds: Inferior and frosted, 3.00a5.00; sound common, 6.00 210.00; good common, 11.00817.00; me- dlum, 18.00a30.00; good to fine red, 31.00245.00; fancy, 46.00a50.00; sec- onds, common to medium, 5.00a17.00; seconds, good to fine, 18.00a30.00 bay tobacco, fine cured, 15.00255.00. Unsound and badly mixed es from 1 to 3 cents lower. BONDS srocx mxamver] Received by Private Wire Direct to The Star Office. RAILROADS. Hy Atchison gen 4s Atlantic CL L & N 4 Balto & Ohio gold 4s Balto & Ohlo cv 4348 Balto & Ohio 6s. ... Bklyn RT 7821 ctfs Canadian Northern 7 Canadian Pac deb 4s. Central Pacific 4s. .. Ches & Ohio cv 58 Ches & Ohlo cv 44 Chicago & Alton 3148 CB&Q st ref 58 Chi & East 1l gen Chi Great Western CM&S8t Pevbs. > M & St P 481925 M&StPevidlis. icago Rwys 53 CRI&Pref 4s Chf Union Station 4% Chi Union Station 68 Chi & W Ind con 48 CCC&BtLref 68 A Cuba R R 1st ref T34s. Del & Hud cv &s. Del & Hud 51& Den & Rio G con 4s Den & Rio G imp 58 Den & Rio G 1st ref 5 Erie 1st con 48. Assi s fon 1A ssistant Erie Genessee River 6s. . Grand Trunk s f deb 6s. . Great Northern gen 71 Great Northern gen 515 Hudson & Man ref §s. 11l Central ref 4s. Iil Central 5%s. [ Inter-Met 43¢5 ctfs. Inter Rapid Transit 58 Inter Rap Trov T8 w i Inter Rap Tr6s w i . Ing & Gt Norad) 6s wi.. Lake Shore 431928 Lake Shore 48 1931 Long Island ref 48. Louis & Nash unified 4 , JUNE 10, 1922. EQUITABLE Co-Operative Building Association Organised 1870 424 YEAR COMPLETED Assets $4,408,629.00 Surplas vee $1,144,464.09 Excellent Resuits From Systematic Savings If you make up your mind to weve in a “systematic manner and stick to it, you will accomplish more than erer in a financial way. Subscriptions for the 83d Issue of Stock Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, President FRANK P. REESIDE, Secy. Cashier for Bank l Must have experience. State salary and experience. Address Box 35—H Star Office One Hundred Per Cent Safe For over 29 years we have been making First Mortgages upon Washington real estate, and during this time no - vestor has ever sustained a loss through the investment of 100 per cent safe. Inv and receive the benefits of our experience special the making and in the distribution of Mortgages. In the amounts of $250 and up. Over a Quarter of a Century Without a Loss Second Trust Notes The National Mortgage and Min & St L 1st ref 48 MK&T lstds.. MK&TprinssA Mo Pacific gen N O Tex & Mex inc 58. NYCentral7s..... N Y Centraldeb 6s. .. N Y Central deb 4834 N Y Central ref imp 58 N Y Central L S col 3%s. New Haven cv deb 6s. N Y Rys 1st ref 4s. N Y West & Bos 4%5. Northern Pacific 3s. Nor Pac-Gt N Ore & Cal 1st . Ore Short L con 58 '46. ... Ore Short L ref 4s. Ore-Wash 18t ref 4i Paris-Lyons-Med 6i Pennsylvania gen 58 Pennsylvania gen 4 %8. Pennsylvana gold Peorla & East inc 4 Pere Marg 18t 58 Reading gen 48 StL&SFprin 4 L&SF inc 68 StL&SFprin5 StL&SF54sB. StL&SF adj 6s StL&BSFprings. Seaboard A L ref 4s. Seaboard A L adj 5 Seaboard A L con 68 Sou Pacific cv 41 914 9 91| O 7% FIRST MORTGAGE NOTES SECURED BY FIRST DEED OF TRUST ON IMPROVED DISTRICT OF COLUMBIA REAL ESTATE B et Denominations $1,000—$500—$100 RGP James M. Carter & Co., Inc. 1311 H St. N.W. Tel. M. 657-658 Sou Pacific ref 48 Southern Ry 1st Southern Ry gen 4s. ... Southern Ry dev 6%4s... Third Ave adj 5s. . Union Pacific 1st 4 Union Pacific 1st ref 4 Wheel & L E ref 4 % Referenc ‘Wisconsin Cent gen 4 Established 1899 Real Estate Notes for Sale In amounts from $250 up 0 $1,000 or more. Consult ELCH Loan Specialist « 15th and N. Y. Ave. Main 4346 Any Bank, Trust Co. or Title Co. in the District. HARRY S.) Third Floor Sansbury Building WITHOUT EFFORT AND WITHOUT RISK Invest So As to Get the Full Earning Power of Your Dollar Join With a Group of the Most Conservative Men of Washington NATIONAL MORTGAGE & INVESTMENT DAVID J. HOWELL BEAUDRIC L. HOWELL.C.E. ™. AM. 80C. C. £ M. WASH. 89C. C. E. MEMBER NEW ENBLA: AM. WATERWORKS AS: TOTAL SALES (Par Value). 10% First Deed of Trust Notes In Denominations of $100 Each A Splendid Investment —WANTED— WANTED To Buy Departmental Bank Stock State number of shares and price Address Box 103—H, Star Office 11* SUBURBAN DEVELOPMENT—-COUNTRY ESTATES WATER SUPPLY AND PURIFICATION—SEWERAGE SYSTEMS SANITARY ENGINEERS, ARLINGTON COUNTY. VA. For Full Particulars, Address Thos. F. Edmunds ~ Money to Loan Secured by firat deed of trust on real est Joseph 1. Weller 5. ssion. 821 Albee Building R HarriMAN & New York Stock Exchange 111 Broadway. New York P AR ) Washington Office COLORADO BUILDING § Telephone Main 1603 G.B.Chipman Manager R R Established 1809 MONEY TO LOAN In Bums of 3000 o $500,000 6 and 6% Before Piacing m-viunwlu Your 1st or 2nd Trust cone - WELCH (HARRY 8.) 15th and N. Y. Ave. Lowest Rates I D Quick Replies T O R RS America. S G T e T T e T T Finance Your Plans Through ‘the Lincoln National We will gladly make you a loan on approved collateral or endorsement whether you are a depositor here or not. LINCOLN National Bank 7th & D Streets N.W. LIBERTY BOND PRICES For $100 Bonds Today. Bonds Bought in All Denominations. LIBERTY BOND EXCHANGE 604 14th St. N.W. Hours, § a.m. to 5 p.m. Main 2097, H. L. RUST Announces his appointment as the loan correspondent of the Prudential Insurance Company of Applications for first mortgage loans on improved proper- ty, interest six per cent, will receive prompt consideration. Main 6888. 912 Fifteenth St. N.W. il WWMWWWWW‘WWMMMWNM!MMWMHM will Help Absolute Safety. Call, Phone or Realtor Write for It 1409 N. Y. Ave. NW. Main 4600 FINANCIAL. "yl us. Time has proven that our Mortgages are st your funds in the sound securities Zing in B. F. SAUL CO. Mortgage Loans. 1412 Eye St. N.W. Main 2100 Are Purchased by Investment Corporation On A Fair Basis (Temporary Offices) 1418 Eye Street, N.W. You Can Mal-e More Money With Safety. —in the— CORPORATION Fiscal Agents HUGHES FINANCE CORPORATION 1418 Eye St. NW. ASBOC. M. AM. 8OC. C. &. . WASH. 80C. C. K. ESTABLISHED 1887 DAVID J. HOWELL & SON ENGINEERS UNION TRUST BUILDING WASHINGTON, D. C. REAL ESTATE ENGINEERING ROADS—STREETS--PAVEMENTS APPRAISALS—REPORTS—-MANAGEMENT FIRST MORTGAGES e Safest Security on Earth Every mortgage is less than 509, of the ready market value of the property. Reliable Security. Liberal Income. Insurance Against Loss. Protection Against Depreciation. Prompt Payment of Interest. Repayments of Principal in Full at Maturity. Choice First Mortgage Investments $100—$250—$500—$1,000 WILLIAM S. PHILLIPS An Insured Investment If you are a purchaser of our First Mortgage Notes, you are insured against financial disaster. There is a fascination in taking chances with investments which promise*big returns, but history proves that, in the long run, safeguarded First Mortgage Notes are the steadiest and wisest investment in the world. Our Notes on improved real estate in the Nation’s Home Town are issued in large and small denominations, and the interest is paid semi-annually on the day it is due. We offer you the judgment and integrity of a company of fifty-three years of experience. 53 Years Without Loss to an Investor Swartzell Rheem&Hensey 727 152 Street NW.