Evening Star Newspaper, August 15, 1922, Page 25

FINANCIAL. REPORT TRADING NOT SO BAD, |Washington TRAFFIC FAR FROM DISRUPTIO Thousafi&s O{ \Buyers in New York, and' Rail andl Coal Strikes Only Drawbacks to Wonderful Season of Purchasing. BY JAMES ALLERTON. 1 Dispateh to The Star. EW YORK. August 15.—The twin indust the coal and rail evils of strikes — dominate general business!y stafe tax on gasoline of $1,000 per | et. paradoxical s not bad in There are at- conditions here, and as it may seem. business the metropolitan district. thousands of buyers in the cit. tracted by the national fair. and the beauty of it is that they are buying. Transportation facilities in this part of the east are far from distuption: trains are being moved aceording to schedule and a good vol- ume of freight is beirg carried. The New York Central lines, for example, report exceedingly large car loadin Were it not for the coal strike and the specter of shortage this winter. unusually heavy buying would be in now. Scttlement of the days. may have the effect of releasing rs. but the filling of these rests largely on fhe amount of coal that u be delivered in the next two months. The coal supplies of many factories are at present at a low ebb, Rut perhaps the greatest token of un- easiness over the general economic situation comes from salesmen in the field, who report a sharp letup in buy- ing. Locally, however. retail trade is xood. Heavy fall buying Is in prog- ress. and the department stores and specialty dress shops report volume sales. New York's primary markets e dull—the dry goods market espe- cially. There has been a diminution of automobile sales. but the price re- ductions. announced in Detroit sev- eral weeks ago, have brought many inquiries. and new sales. in fairly larze number, are in prospect Orders Coming in Strong; Traders Watching Strikes BY H. B. LAUFMAN. Bpecial Dispateli to The PITTSBURGH. A winter orders are tionally well, bat is preparing to meat «ome as a result of the continua of the coal 1 rail strikes. There is heavy transportation of freight b motor trucks mile radius of Pittsburgh, and severe tic-up of the railroads bring additional trucks into the fle Within the past week there h been some curtailment of activities at the steel mills, due to the coal and coke supplies reaching the danger point of exhaustion. Both Carnegie Steel 2nd the American Steel and e Company have banked furnaces. Unfilled orders at the mills are heavy nd a resumption of activities is ex- ed to hive an upward tendency €0 far as steel prices are concerned. demand for radin ckened a bit, but this ix off- new and large orders for other cal equipment. Retail trade is Lusiness generail within a one-hundred any will d Despite Strike Uncertainty BY ED. E. JENCKS. Dispateh to The Star. . PAUL, August 15.—Despite the present uncertainty occasioned by the delay in adjusting the railroad and strikes, confidence in a steady trade is prevalent through the Excellent crops are being harvested in sections where they are most. needed, and the -yield jn the normally favored sections is high. Cash returns from the crop will be used largely in paying off debts in- curred during the lean years, but the circulation of these millions of dollars is seen as an assured stimu- lant of business all along the line. The strikes have been felt only in slightly greater degree in railway centers where transportation ig the basic activity than elsewhere. A few industries have closed down porarily due to the lack of coal. tem- The priority granted the northwest will avert any considerable injury, in the opinion of state officials. While siocks at the head of the lakes are the lowest in many years. shipments to date being 9,000,000 tons less than last year, coal is moving in this direc- tion: Last week 140.000 tons of bitu- minous were received and this week's allotment to the great lakes' district is 250,000 tons. This will be increased 150,000 tons next week and the sched- ule’calls for 1.000.000 after September 1 to the close of navigation in Decem- ber. Montana is back on the trade map with prospects of the best crops in vears. Minnesota’s rve and potato crops are the best in its history, and the Dakota's are harvesting an un- usually good wheat crop. Adequate financing is available for the farmer. commodity Reports From Various Sections LAWRENCE, August 15 (Spe- cial)—American Woolen has booked enough business at its spring open- ifgs to assure fair operation through the winter. fresh: spurt of strength In the wool market. Mills have begun buying again in a small way. On scattered eales some higher grades of wool ton is Town. xpected within the next few | whatever may | cauipment | Last week has seen a merchandise i The First Mortgage THE outstanding characteristic of Washing- Our First Mortgage Notes on improved Wi on property are and safest real estate in the country. The clear-headed and conserva appreciate their unfailing and liberal interest return and the fact that the, principal in- vested is worth one hundred cents on the doller every day in the year. Our Officers An Always Ready To Serve You | cial). ; expected ! of which the have reached new high prices for the year. Ganoline. PHILADELPHIA, August 15 (Spe- cvial).—Auto owners here are paying for six which day. Total tax in this months amounted to $18; 8, is equally distributed between city and the state. Shoes. MARSHALL., Mo.. August 15 (Spe- Improvements costing at least v $25, International Shoe here. of from 50 to 200 or more employes will follow enlargement of quarters. Cotton. DALLAS, Tex., August 15 (Special) —West Texas counties that made 19.- 000 bales of cotton last year will har- vest 25,000 this year. even another drop of rain. In some of these counties no rain has fallen in six weeks. Timely rains fell 00 will be made immediately every class of farming. Bricks. HARTFORD, Conn.. August 15 (Spe- cial) —Building construciion is pro- ceeding on such extensive scale that brick manufacturers are unable to respond to demand. All construction materials for heavy work also are quite active. Prices are firm, with upward tendencies. Millinery. PHILADELPHIA. August 15 (Spe- eial) —With end of vacation season in sight, the wholesale milliner market, which has been very dull, to be stimulated greatly b fall and winter buying. Cotton Good PROVIDENCE. R. August 15 (Special) —Uncertainty continues in the cotton goods market. Buyers are unwilling to follow advance in raw cotton market. while mills feel they must receive higher prices to com- pensate for high quotations of cot- ton. As a result, the situation is deadlocked. Automoblles. SYRACUSE, N. Y.. August 15 (Spe- cial).—Franklin Automobile is in- creasing its force at rate of 150 men a week. ection of a plant to build 2 new Franklin four-cylinder air- cooled car will be begun this fall. ST. PAUL, August 15 (Special).— Auto sales, which fell off s during recent weeks, have taken a sudden spurt. dealers in Twin Cities report. Many sales are traced (o fear of a transportation tie-up. Serv- ice vehicles are also in a better de- mand. BOND LIST SHOWS MANY FIRM SPOTS By Special Leased Wire to The Star. NEW YORK, August 15.—On the news of the close of the London con- ference on German reparations there was some rather heavy selling of French government issues in the course 7125, which closed at 9913 Monday, dropped below 99 and the French 8s changed hands at 100 These prices were, however, well above those reached last spring, when the scare over possible German repudia- tion first got into the market. It was noteworthy, on the other hand, that on the day when there was so much talk about the dissolution of the ens tente United Kingdom bonds should have equaled their highest record, the 58 of 1927 touching 105%. Action in Foreign Isnues. back over the ground gained Mon- day. but with this exception and that of the French bonds foreign government loans_ were strong. The Queensland 7s rose a half point to 1103; and the Denmark §s sold again at 99%, which was their re- cent high. Railway bonds were highly irregular, but gains were more numerous than losses. The Baltimore and Ohio gold 4s at one time were off over a point, and the Chicago and Northwestern 7s the same. On the other hand, there were ad- vances of a half point or more in Louisville and Nashville unified 4s. St. Louis and San Francisco incomes, Virginian railway 5s, International and Great Northern adjustment 6s, Seaboard Air line 6s, New Orleans and Northeastern 4 and Chesa- peake and Ohio convertible 5s. New High Made. Saks and Company 7s again made a new high at 101%. Recovery in the rubber group of securities ex- tended to the Goodyear s, the 1931 serles getting above par again. Fisk Rubber 88 were also benefited to the extent of a half-point and so were the Goodrich 6%s, which sold at 102 against 101%, the previous close. In the public utilities section the feature was Pacific Gas and Electric 58, with a rise of over a point to 93, a new top. New offerings of securities were once more at a minimum. Atlantic County, N. J., announced an issue of $886,000 road improvement 5s, ma- turing serially from 1923 to 1937, an returning from 4 to 4% per cent. Fifty-Three Years Without Loss To An Investor Permanence and “permanence. Its its beauty, history, its wealth and its national importance all sink before that one word “permanence,” though these other things contribute to that word and to the extraordinarily value of real estate in The Nation’ guarded Home on the best investor will § the | An increase . without | over | east Texas last week and will help | sonally ¢ BALES. at 100%. Light—25 at 56%, 11 AFTER CALL. Capital Traction. Washington G 561, 1 at 561 2 8t 57, 1 at 57. Washington Railway and Electric com. at 56, 3 at 56. Capital* Traction—1 at 101 Washington. Gas 7143—$1,000 at 105. Money—Call loans, Ga6 per cent. BONDS. American Tel. and Telga. 4} Aw. Tel. and Tel. ¢ Capital T % City and Subnrban Bs. Georgetown Gus It I Metropolitan K. R. fs.. Potomac Electric 1st 5s Potoma. cons. | Poton ¢ Gs... Potom Power g. m. Pot. Elee. Pow. z. m. & ref. Wash., Alex. M. Ver 5 Wash., Balto. & An. 5s Washington Washington Washington Wash. Rwy. an MISUCELLANEOUS. Rigzs Realty bs (long) % Re (short) orage & Sufe old Storage 5s. ! STOCKS. ! PUBLIC UTILITY. | American ‘Tel. gton Ga and W and and Taxi com Wasii, Wash | Terwm | Terminal Tasi pfd. 1 3 ul American Cagnal Colamb: Commerc Distriet .. Farmers and ) Federal Liberty coln utional | America o Washington { commerce { East Washin Uity Suvis Scventh Street U. s, Savings Washington Mec FIKE INSURANCE. i | s Colnmbia Title Lexl Estate | RAIL RAISE ORDERED. ‘Increase offi ]‘le‘vnnue Maintain Orient Service. d other Transcontinental ord co and Orient line were terday to increase that tion of joint freight rates b { ranging from 15 to 30 per cent. | The Interstate Comme on. which joined road_commission | the Orient from suspending i clared tf the carrier were sonable. | "The me! ision in a {the same { England {case of tk ¥ ate T to preve the Orient line w ken in the oads and Missouri and s, Withont in sing the {level of freight s the commi {increased the amount of money going Ithe Orient by giving it a | portion of joint freight r ftion in the present idently not contested, i sion's d rai t for the comm {no_evidence. { Several conferences have been held | recent weeks between the receiver { the railroad. statc railroad comn i sions, officials sion in the endeavor to formulate ! policy which would be mutually agree- ich would at the same time able and w keep the Orient line in operation. THE EVENING STAR, WASHING Stock Exchange , Washington Gas Light—25 at 56%, 1 at 57, Prices. roosters, ' per Ib., 10; turkeys, per Bid ‘:,'l}g‘_fist‘f,gl" ? 5a40; keats, young, each, 35a50. _ Bid. Asked. | g Live stoc—Calves. choice, per ib. Tel. and Teiga. 4s 03 D4 %a10; medium, per Ib., 9; thin, per Ib., o 5a7. Lambs, choice, per b, 13; live Needed to railroads | connecting with the Kansas City, Mexi- road's propor amoun Commis hod followed by the commi: e of Ne Arkan- general instance was evi- E on said that raiiroad’s con- Japanese first and second 4!2s fell | cerned had filed no protest and put in of connecting railroads jand the Interstate Commerce Commi v 5, Grain, Produce LOCAL WHOLESALE PRICES. Eggs—8trictly fresh, selected. can- dled, per dozen, 2' average Te- relpts, 26; southern, 25. Live poultry—Roosters, per Ib.. 1 turkeys, per Ib. 25: spring *chic ens. per Ib., 30-35; keats, young, eacH. 35850; fowls; 22a33. Dressed poultry—Fraeh killed spring chickens, per Ib., 30a35; hens, per 1b. foli! 3.0028.00 each;’ live hogs, per lb.. fruits—Apples, new, per bbl, ): Der bu.’ basket, nearby. 50a California oranges, per_crate, 0 t10.50; lemons, per box, 3.5046.00. aches, pef crale, 1.00a3.00. Canta- lou 50a2.00. Jegetables—Potatoes, new, per bbl. O 1 200a2.50; per sack, 2.00a2.25; 41.00. Sweet DO Lettuce, per crate, | York, per crate, 1.00al.50. | hsttuce, 1.50. Cymblings, per_crate, 125a75. ~ Onions, per basket, 75al.50. Cabbage, West' Virginia, 1.50a1.7 per (bbl: 1.50a200 per crate. Cucumbers, {per box, 75a2.00. Kggplants, per crate, [ 1.00a1.50. Tomatoes, per box, nearby, 25 {2100, Beans, 1.50a2.50 per bbl. Peas, 2.00a2.50 per basket. Peppers, per cr: a5, Kale, 50a1.00. Spinach, per S0’ Lima beans, per quart, Celery, per doz., 50a1.00. 50a75; Romaine ! DAIRY MARK BALTIMOR. August 15 (Special Pouljry Spring chicken pound. 25a32: white leghos old hens. 2; : old roosters, pigeons, pair, 2 60. _ Eggs—Loss off, native and nearby | per dozen, 24; southern, 22. H 3 u fancy, per i 3a36; prints nearby s, 22a26; white leghorns, 1 14a21; small, 15a16 guinea fowl, each, | CHICAGO, Highe 30% August amery extra seconds 15.— Butter— | i firsts, receipts, 17.336 ; ordinary first a2ll; storage Poultry. broilers, fowls. 17a roosters, 1 BALTIMORE LIVE STOCK. BALTIMORE. August 15.—With slight increase over receipts of last | week. 3.198 head of cattle were re- jceived at Union stockyards during week ended at noon vesterday. There was a slight increase of 10 to 15 cents jin the price of choice steers. Medium isteers, heifers. bulls and cows were {steady at lust week's prices. The mar- | IKet for good sheep and lambs was and for others low, with a Although the supply of ht, the market was light- er than that of last week The mar- {ket for calves was higher, with a 1”‘ ate supply p | ttle—Receipts { poon 3.198 head, tasainst 3,006 head last week: 110 c |10a1s for market for the week. Steers | hoice, 8.8549.35; %ood hutcher, jas 16; | for were week ended medium 5251 H ice. 8002 fuir ‘1o good, 5. common to medi- | inm. 5.00a600. Bulls—Choice, 500 | fair to zood. common | medium ho! 0. fair to good, 3 redium, 2.00a cep and Tambs nded d to fw {140 I-| Hogs—Receipts nt noon yesterday jaainst 4 11.30; pigs., 1.50a5. 5.00a for week were 6,952 73 head last week. Lights, heavy, 10.30; medium, 11.3 11.30:° light pigs, 10.00a11.0 50a8.15 Ives—Rec vesterday were 1 ainst 1,203 head last week. 00a11.25 ended | head. | as | noo 3 head. Calves, he EQUITABLE Co-Operative Building Association Organized 187D 424 YEAR COMPLETED 84.408,629.00 $1,144,464.89 Employ the Systematic Way on to in of Motors We have prepared and ready for distribution a letter on Durant Motors, discussing —organization —management —products —finances —subsidiaries | —affiliated companies ' —recent developments —merger possibilities Copy free on request. Call, ’phone or write any of our con- veniently located customers’ rooms. JonEs & BAKER Members New York Curb Exchange Direct Private Wires ot New York Chicago Boston Philadel Pitubargh Detroit Baltimare Clevel BALTIMORE OFFICE Emerson Hotel Telephone « Plaza 8451 Systematic savinge plan of the F table hax proven helpful to thesnie and will heip )'n':|‘ P ity Subscripiions for the 83d Issue of Stock Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. NW. JOHAN JOY FEDSON. Pre FRANK P. REESIDE, *nt Secy, Carolina, Clinchfield & Ohio Railway Equipment Trust 6% Notes Due 1930 1o 1934 Reported net op- erating income of this Railway has increased 56% in . first six months of 1922. Price to yield about 5.60% Oflroular on request The National City Company ‘Washingten—741 15th St. N.' Telephone—Main 3176 COMMERCIAL 7th and Mass. Ave. i per bushel; No. 2 corn, spot, 73%; No. {bu jchanzed to % higher, and Live Stock GRAIN AND PROVISIONS. BALTIMORE, August 15 (Special). —Potatoes, white, bbl., 1.75a2.25; No. 2, 76a1.00; 100 1bs., 50a1.50; bu., 40a L00; sweets, bbl, 3.00a4.50; yams, bbl, 2,25a2.75. Beans, bu., 54]!75: lima Dbeans, 75a1.00. Beets, 100 bunches, 2.00a3.00. Cabbage, 100 1bs. & Carrots, 100 bunches, 2.00a 4.00. Celery, doz, 40a80. Corn, doz., 7a10. Cucumbers, basket, 65a75. Eggplants, basket, 50a60. Let- tuce, basket, 75 . Onions, bu., 60a 90. Peppers, basket, 20a25. Squash, basket, 25a30. Tomatoes, basket, 30 a35. Packing stock, bu., 60a65; yel- low, basket, 40a50. Apples, bbl, 1.00a2.50; bu., 50a1.50. Cantaloupes, basket, 25a50; crate, 75a 1.25. Crab apples, basket, 40a60. Damsons, 1b., 50a60. Grapes, basket. 1.00. Huckleberries, qt., 16a:0. Peaches, basket, 30a45. Crate, 1.25a 2.75. Pears, basket, 50a460. Water- melons, prime to selects, 10a40. culls, as. Selling Prices at 1 0'Clock. Wheat—No. 1 red winter, spot, no quotaticns: No. 2 red winter, spot, 1.16%: No.'3, 1.12% ; No. 2 red winter, garlicky, spot, 1.09% per bushel; No. | 3, 981; August wheat, .1.09% per bushel: ‘September, 1.07% asied. Sales—Bag lots of nearby, by sam- ple, at 60. 65, 70. 75, 80, 85, 92, 85, 97 and 1.02 per bushel. Cargocs on grade—No. 2 red winter, garlicky. 1.08% »ver bushel: No. 98%: No. 4, 931 per bushel; No. 88Y per bushel. Corn—Cob corn quoted per barrel; contract corn, by ind; Spo T13g 4 corn, no_quotations yellow, No. 2 or better, Oats—White. No. 2. No. 3, old, 4 New oats are selling at a discount of 1 cent a bushel under correspond ing grades of old Nearby, bag lois, §5a95 per e western export, spot, per_bushel; No. 3. no quotations. Hay-—-Receipts, 108 tons; range is 16.00a18.00 for fair 1o good timothy and light mixed: market firm; supply on _hand ample for trade. - Straw—No, 1 tancled rye, 15.00; No 1 wheat. 11:50a12.00; No. 1, nominal, 12.00a13.00. CHICAGO. August 15.-—Announce- ment that there would be no board of | control in the Canadian wheat trade this year tended to strengthen the | price of wheat a little here during the early dealings. Trade, however. was light. and even those dealers who looked for a rally seem- | ed unwilling to risk buyving much in |} view of disturbed industrial : financial conditions. Country ings to arrive were meager. some sellers to arr tracts where possible. The opening. ranged from 3 decline to ance, with September 1011 to and December 101% to 1021 was followed by an upturn all around to a trifle above vesterday's finish bsence of rain gave firmness to orn and oats’ After opening un- iz eptember 57% 7%. the corn market scored mod. erate Zeneral gains Oats started 1y to 4 off to September 301 to 30%. and showed gains on all deliveries. Practical absence of demand for wheat today except from previous sellers resulted in new low price recore for all deliverie with September re- ceding for a while to less than $1 a bushel. Buyers were deterred on ace count of domestic shipping uncertat ties and the foreign monets The market closed unsettle )n.;:l-rv)x ‘s finish to 1% ember 10012 (o 1003, and | % to 1015 % and kness in the wh to be refl d in corn. ket closed firm, track corn, 9 per bushel. old, 44 per the iper the to 1 mod fent the 8 p offer- with | T for pl later | Lat | per | ot as % hea: cember 10 market failed | 18 The corn mar- | 301 to 1%al% net high- [y A ASATe Close 1001, o 108 Wil t {if you sa\"e a still or going Ask for Savers. Just Thinlk! How Much have you saved in the Last Five years? EVERY BANKING SERVICE 3% ON SAVINGS 15th* and Penna. Ave. Capital and Surplus, $5,400,000.00 HOME SAVINGS BRANCHES Sthand H Sts. N.E. clals said today. been laid before the federal reserve banks, it was explained, and action by the board is being withheld pend- ing their replies, although, suggestion was not i meeting with favor generally. As suggested. I farm rate would enable {banks which made loans for agricul- tural purposes—upon the security of ifarm products—to rediscount at 31 if the rate charged b the original borrower did not exceed A special farm products |rate, officials recalled. was in cffect iin 1915, but was discontinued. ance. Board officials apparently differed as 6 per cent. !view from reserve banks little could be ex- pected under the proposed rate and that When CAKEFIELD, jannounced tistician leaf | Becurea i Jos Up or Down---Which? fISpending ALL means NEW REDISCOUNT RATE CONSIDERED U. S. Reserve Board Sug- gests 3 1-2 Per Cent on Agricultural Paper. LOWEST IN EXISTENCE Bank Replies Indicate Disfavor, as Board Officials Await Final Decision. Establishment of a special redis- count rate of 3% per cent on agri- cultural paper is under consideration Reserve Board, offi- the Federal The pr icated, the officials D! cent, which is 1z per Jowest reserve rate no th Views at V of the the d advisability Some decla present low éonditions. of the anks probably would n vantage of the privileze of rediscount- today | R baper AL 315 per cent if re- | quired to limit their intes On the other hand. others sserted that by making a special ag- cultural and | some sections where banks would make loans would benefit. s federal ¢anceling con- | hanks so far received, officials declared, t er cent. rate available necessar: eplies from the the most part have looke v upon all the banks have crotary Mellon, ex-officio chair- ? the board, wiil 0 ov before it is brought action. PLANTS LESS TOB Mass.. Au est figures show cent in_the acreage cco in New England compared with last ve. by federal _ a at thei here are 2 6 acres and primed Ha 25, with figure because 1 nge present Decrease which & acre sett 1 dquarters § acres a fail per Jeaf this 01 Jast broad ¥ against 0w eph I. Weller nldE.. Pay Day mean up or down the ladder to YOU? little each Pa; BACK. the Daily Dime They're FREE, Second National Bank “The Bank of Utmost Service” 509 Seventh Street N.W. 436 7th St. S.W. rate being revived under pres- the proposed rate. up for final a dec New against 12.801 cent Money to Loan firat deed of trust on re: Prevailiae interest and comm 420 Wash. Day it means a step upward—toward Opportunity and Success. standing ot oposal has officials explained. ent below w in effect, e banks to farm com- red that in borrowings ot take ad- charges to farmers in reserve d with dis- been heard er the mat- ACCO. 1gust 13 rease of § planted to this_vear. ar. Totals gricultural England 922, 37.656 . Havana vana 1118, subject to conditions for prin in broad! ing off of! ar is vear, 16.831. siight i estate. jon.. .. & Trost | b and ¥ n.w. Y, Real Estate Notes v il A R Bank of Bethesda, Md. Phones: Cloveland 1919 and Bethesda 2. S TS L T TS !mnmmm!mnmunnunmmmmunm Tesponsible makers secursd by lst les \mpraved propesty. T0 YIELD o% NO DEDUCTIONS Bonds Bought in All Denominatiens. LIBERTY BOND EXCHANGE 604 st. N.W. m. % 5 pm. Mala 2097 - Columbia National Bank ot 911 F Street $250,000.00 Surplus $250,000.00 Thrift Entrenches You ~—against privation and want—opens to you the quickest route to opportunity. q Through this bank's help hundreds are thrift We're ready to begin teaching its advantage to YOU This Payday. passbook. learning how well worth-while is. Come in and get your Compound Interest Paid on Savings. You can open a Savings Account at this convenient Bank with as little as $1 ZASAII 2SI 3% BN ZES MBI ZRSHITRMI REAL INVESTING BRZRSHHUHIL In the long run it is more profitable to have steady and sure earnings, with no variation of principal, than to get for a time a higher rate and have the principal depreciate. Buying anything in the hope that it will go up is speculating and not investing. Our FIRST MORTGAGES —on the other hand, are real investments—not speculations. B. F. SAUL CO. MAIN 2100 1412 EYE ST. NW. Mr. Investor: We Offer for Immediate Sale $50,000 of 7% First Mortgages Secured on new residental- property in the best Northwest sections. Every mortgage is for less than 50% of the present market value of the property. In Denominations $1,000 $500 $250 Call or write for details. WILLIAM S. PHILLIPS First Mortgage Investments 1409 N. Y. Ave. Main 4600 $100 MONEY TO LOAN ON FIRST MORTGAGES AT CURRENT RATES OF INTEREST 1207 Connsetivd Wbsnsa Your Check —a Little Thing YOUR check is a little thing—a small piece of paper. Yet it is your personal financial representative, and reflects your prestige and responsibility., When it is drawn on the Merchants Bank and Trust Company it carries also the prestige and responsibility of one of the National Capital’s strongest institutions. MERCHANTS BANK & TRUST CO. Capital and Surplus $1,250,000 MAIN OFFICE DUPONT BANK BRANCH 15TH&HSTS.N.W. DUPONT CIRCLE