Evening Star Newspaper, December 8, 1922, Page 29

FINANCIAL. " CAPITAL TRACTION SHARES AR FIRM way Stock Nominal—Kneesi Goes to Chicago. BY I A. FLEMING. Capital Traction shares plainly fea- tured the session of the local market. and the display when it advanced 1040 couraging to holders Railway common was hel at 64!z, but the bid pri ered to 6 Th 2 points any movement in it scems to be wait- ing, depending on the ability of company to make a distributien on the common stock and for the long- looked-for de. n in the $3.000.000 impounded funds matter. . The Public Utility Commission scems fixed in its views that there can be n 2t fare on one line than on the othe Railway prefe sked ) Quite 4 number of odd lots of ban stock sold at 230 for Farmers a Mechanies” National, for X Titan for District. 252 to Tor' & nd Trust and Savings and of > was en- stock has and just at present Te 3¢ brought 86l a . and Gas o8 93 ' Tempted by Chicago. Waiter W. Kneessi, who has been connected with the investment banking firm of Cran June. b b ern T has vielded, o 4 w0 hemetown will have - to him up. He will b me manage . sales in the Northern Trust organiza- tion. Washington loses a hond man. and Chicago is the gaine | ‘edernl Hescrve Banhs. l ombined statement of the I‘l'l]" erve Banks show o falling off ) rat of r wryve to liability I'rulu‘ per ¢ f November o ‘ ~ per cent & Rediscount has been g maore alllu\l! $50.000.000 discounts being vared for week. Bills bought in the ape increased some- ¢ That There was a n e reduc- tion in combined gold holdings, ' Money Is Firmer. { There is a little flurny | Tocally, nothing a permanent char: i ter, but iffening in vat I } to the sumulation of i ext and dividend paymen { A Splendid Tnvestment. t ‘or w short-term investmbnt. . years, the new honds. of which ue of 600 hasx « at i features 1 Fative investor. ¢ They ar free of the Dis- | trict ints one-nalf of one | per cent, w them vqual the Ve safest bond at 100, while their solidity the certainty of redemption is beyond anything in the corporate hond line. Then they are exempt from the nor . mal income tax. which gives them a| V #till higher rating as to vield, and makes them still more val i Bankers hold them in high res; Advance to 104 1-2—Rail- stock | strensth | the | ki BY WILLIAM F. HEFFERNAN, NEW YORK, December 8.—After carly weakness throughout the great- er part of the list, asa result of profit- taking. the curb market steadied in the late trading and, after making up the early losses, many stocks con- tinued their upward movement of the previous day. With the exception of the oils the &reatest amount of activity occurred i the min ion. with & number of thes, in demand in sym- th the strength of coppers 4 shares on the big board. In- e Lead wits ctive leader, Copper, Heela Mining and dge moved upward. Tuolumne also did better. however. was [ pper an all Standard 3 it line shares’ went higher in the after- noon. Included among these were Buckeye, Southern, Prairie. Indiana Pipe Line nd National Transit. NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office. T | in the early weakness, but moved up- { ward with the rest of the market after | | | depressed. ! ever, such weakness as occurred vipe | | lief that a general Standard of Indiana was conspicuous ' NEW YORK. December &—Fol- Wing is a list of today's highest, vest and closing prices for the most active bonds and stocks dealt in on the New York Curb Market: Sales RON tiousands. i i A. L. B. Activitien. The fi op ing of W ington Chapter. ican Instit Banking. will be i Tuesd i ing. December X oeloc Hon AL I Nelson of Wisconsin, nher of House banki nd i ¥ commit- tee. will B meet first ing will b fined to busin to be followed entertainment and dance. Past and v present members of the chapter are cordially invited. Homor Mrs. Sloa he ladies of the National Metro- tan Bank last evening gave a din- ner at the Hotel Washington in honor of Mrs. Laila M. Sloat, who was re- cently elected secretary of the eler mentary class of the Washington ¢‘hapter, American Institute of Bank- There were fifteen present and po ing. the work and aims of the chapter were discussed with the intent of furthering interest in the work vear—both of tional Metro- throughout the coming the chapter and of the N politan Bank. Souial intercours combined with busin Siom WAS A& oSt Si I Pase D Belivved from the offi the currency. 1 will be ntroller o as usuul ahout December i Last year the final eall was for the date named Deposits in the local banks are! intained notwithstand ing the partial pavment of taxes dur- ing the month of November, making the settlement of eighteen months, being well personal. intangible and real estate taxes during one year. Deposits will probably show some falling off toward the end of the year. but just as quic for the new vear monecy will be flow ing over the counters again as the enormeonus digiribution on account of Interest and dividents find their way back into | The 15th s pasmient for 1 Income taxcs ic Probably frw individuals have advantage of the quarieris pay plan, While many corporations set from their monthiy of the taxes to b i are thus prepared to care for the obligation + prompily en hlo Ranks ihat have been conducting | Pot Christmas savings clubs will show a |W loss of over $2.000.000 in deposi PENNSYLVANIA R. R. HAS 150,000 ON ITS PASS LIST PHILADE . December 8.—Ap- proximately es are ssucd ailroad. ax the banks open i < © That number talas in the four re- ! Jgional divisions of the system. and “ncludes d 1. system. official and employe passes and exchange passes swith officers of other railroad com- | panics. Officials of the company are now signinz the passes for issuance | January 1. Passes are ziven to employes for continuous and meritorious Service, based on vears of service. # of the clerical forces, thirty years' " continuous employment carries with ' 1t an anmgl pass on the entire |Ca system. Lo y -Other Big Concerns Announce Spe- | jaliona! Metropolitan. cial Disbursements. ‘Washington & Speeial Dispatch to The Star. . NEW YORK. December alfj American ¢ . _dozen or more concerns today con- | Netiogel Sa ,..3’.;..; Trus tinued the flood of stock dividend | Union Trus declarations. Among _thes Richman Brothers of Cleveland, 100 per cent, and J. W. Murray of Detroit, 50 per cent. Special meetings for adtes on increasing capital and is- suance of stock dividends have been called by directors of Charlton_Mills, 350 per_cent; Standard Screw. 70 per rent: Wamsutta Mills, 50 per cent. Central National Bank, Philadelphia, proposes to increase 'capital from $1,000,000 to $1,250.000. GENERAL MOTORS CURBED. WILMINGTON, Del.. December s. The United Stafes district court fo- day issued a temporary injunction restraining General Motors Corpora- tion from manufacturing devices al- leged to infringe on certain patented super-internal combustion enginea and _super-heater manifold held by sthe Deppe Motor Corporation of New York. Judge Morris set December 26 " §O5 ADSWOrs In the case | Terminal Taxi com. 10 Nlkinois P L ... =5 I Ofl of Can ua I* ansas new w entucky new. 100 X O Kansas B. 810 S 0 Nebraska 3%m % 0 N J new 2100 S 0 N Y new Sales INDEPEND! in hundreds. SO Allied 0 o3 Arkansas Nat Ga. A3 AL A, Washington Sto, ck Exchange Nutioral Metropelitan Rank urits and ut tr Savings and Commercial Bank .10 ar 220 Lanston Monotrpe—10 at 7 AFTER CALL. Washington Gas pital Traction 31,000 a1 9613 pital Traction—60 at 10415, Monex—Call loans. 5a8 per cent. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Rid. Asked. American Tel. & Telgs. 4 91 Amer. Tel. & Telga. 4'3 10015 m. Tel. & Tel. ‘:"n Geargetow e tropol it Potomac: Potomae Potom Fotom: Pow. g m. & Aex. & Mt. Alex. & Mt. Ver. . Bait. Washington "¢ W D. C. Riggy it r pe 0 % Realty a3 o8 torage & Safe Dop. 6s ket Cold Storage 5a. Wardman Park Hotel 6s.. 5 23 pital T 1081 143, ashington ¢ 5415 55 rfolk & Waxl 202~ 207 h. Rwy. & Elec. com...... 6215 641 ash. Rwy. & Elec. pfc L Terminal Taxi pfd Wanhington Loan and Trus SAVINGS BANK. Commerce and Savings. East Washington. Security Savings and Com. Seventh Street, United States. Washington Mechanics. FIRE INSURAN 240 Columbia - 51 Real Estate. e MISCELLANEOUS. 2! ‘% absorbing considerable heavy realiz- ing sales by those who had purchaset on the recent break. Although other Standard Oils were generally higher, the advance was by no means as sharp as that of the previous day. Shell Union Ol Gains. Shell Union Oil responded to the declaration of the regular quarter- 1y dividend of 2 cents a share with 4 gain of a half point. Simms Pe- troleum reached a new high for the present movement. Mammoth Oil were others that were ive and higher, while New Engl Fuel Oil and Cities Service were again There were a few points of weak- ness in the industrials, including Amalgamated ther common, Cox Cash Stores and Phillp Morris. How- in these shares wus more than offset by the strength in stocks of the type of Goodyear Tire common, reflecting be- ki upward revision of tire prices is not far off. Durant Motors resumed its upward move- ment, while others of the motors re- mained firm. 80 Koone 0il 1 Roston Wi 4 Carib Synd . it Rery BR pfd. reole Synd Cushing P Engind edvral Oil .. ‘ensland Oil len Rock O\ £ 0il 10 Hudson e Creek d Latin Amer 0il. ... ivingaton Pet Ty Oil .. Low L Marland 5 Maracaibo Oil Merritt ol X Momntain Prod 34 Mutual Oi1 . 1 New Mex Land. . 40 Nable Ol & Gas. g Fuel & 0il NSO e & Buddy Fuds Cur Light.. Campbell ¥oup pld N Cox Canh 1 Cont h Ave Bus dyear Tire . L yesr Tire pfd 4 Hayes Wheel . 16 Hevden Chem 1 Hudson & Mann ‘king Val Prod.. Lake Tor Buat pfd. Laptone FM.... Corp pfd. Reo Motor . Lt & Heat plid. S Dintrib ORL e ‘orp T<t nfd ¥ C 18t p e dep. T Winthers Motor 10 ~1, Ty i Canurio Copper 0 Candelaria Min Columbia Emerald # Eureka Croes S0 Fortuna Mines. 190 Goldfield Tieep 10 Hardshell Min, 50 Harmill Div. S Hollinger . 5 Hecla Mine. 10 Howe Sound. 440 Independence amara_Cres Dev 3 90 Ohio Copper . 11 Ruy Hercul 10 Rex Cons = Richmond (opper. .. Iver Minex of Am. Iv King Div m reo . ine 10 Spearhead 30 Sutherland 15 Teck Hugh 4 Tonopah DI 1% Tonopah Exten: 18 Tonop 1 Tuolumne 37 United Easterm o) United Verde Exi. S Continental Vnity Gold Weat End Consol veat End Cons ext. Yukon Gold OCTOBER SETS RECORD IN BUSINESS RECOVERY October showed the greatest signs of business recovery of any month in the past two years, an even greater industrial activity than was previous- 1y reported, the Department of Com- merce said today, in reviewing the latest figures in its survey of cur- rent business. The output of almost all basic com- modities showed large {increase: sometimes even in the face of an ex: ‘cted seasonal decline. The follow- ing list of commodities, among oth- ers, showed the largest output in Oc- tober for any month snce 1920; Pig iron. steel ingots, coke. copper. zinc. cement. brick, maple flooring, North Carolina pine, petroleum, knit under- wear and the consumption of cotton, silk and newsprint paper. Corresponding increases are shown in the activity of all distributive movements. Sales by department stores, chain stores and mail-order houses show large increases and are far ahead of the corresponding month last year. The same is true of wholesale trade. _ The larger volume of bank clear- ings and the greater demands for money clearly indicate the country's expanding business. Export trade at $372,000,000 for October is the largest 'for'any month since March, NEW STEP IN BANKING. ATLANTA, Ga., December 8.—The state supreme court cleared the way for 100 per cent assessments against stockholders of insolvent banks in this state if necessary to pay depositors in full, when it declared constitu- tional ‘the law creating the state banking _department, according to Seward W. Smith. assistant attorney general, who handled the case in the supreme court for the banking de- partments | being made HE EVENING STAR, WASHINGTON, D. C., NEW HIGH REGORDS INCAR LOADINGS| T0 SLAY HUSBAND; More Facilities, Not More |Woman Said to Have Sought Disturbance, Great Need, Asserts A. B. Johnson. Salt Creek and | By the Associated Press. NEW YORK, December 8.—Railroad car loadings in the United States broke all previous records, in Septem- total of 12,165,136 cars, Alba B. John- dis- Rallway Business Association, closed here. The highest previous tot: three months of 1921, when 12,392,861 cars were loaded. Despite efforts of the railroads to create a surplus of rolling stock, a shortage has overtaken the country. said Mr. Johnson. Even members of the Railway Business Association, who make goods for consumption by the railroads, have had difficulty in Hardship on Farmers. “Farmers wh price at_Liverpool are realizing only a purt of the advance or none, because inadequate facilities obstruct the flow of their crops to the seaboar “Resumption of recovery in spring will find the roads struggling with a task beyond their means to perform. At best, the =situation is serious. If complicated by factors tending to weaken the exertions of the roads toward rehabilitation and improvement. it would almost surely become a major national calamity. Need of the Raliroads. “This no time to clamor for in- discriminate rate reductions or fol amendments of a transportation which has had no real trial. What shippers need is more facilities, not more disturbance. and the way to foster the increase of facilities In for the public to show investors, who: money is Kought for that purpose, that the public policy of adequate railway income is permanent. and for the cays and the labor board to show tI that reasonable progrees i in the reduction of labor cost. _ Mr. Jolinson stated that his organ- ization has communicated to Congres a request for laws fimiting Immigra tion “by quality instead of by num- ber: This would help not only the railroads, but farmers and manufac- turers, he asserted. INGINED COTTN Census Bureau Announces Very Important Figures Up to December 1. ton ginned prior to December 1 amounted to 9.315,144 running bales, including 157.729 round bales, counted f bales: 22,610 bales of Amer- 22yplian and 4.945 bales of Sea Island. the ¢ Ginnin December 1 lust y i Dez st yeay totaled 9.961 running bales. in- cluding 121400 round bales, counted f bales; can-Egyptian, Island. bules of Ameri- 941 bales of Sea Ginnings to December 1 this by states follow: Alabama, Arizona, 25.247; Arkansas, California Florida, 26 Georgia. Louisiana, 339.3 sissippi, North_ Carolina, 618.0 Missouri, 0.766; r- nd all other states, 13.- ginia, 470 .|CENSUS REPORT PROVES | SURPRISE TO MARKETI Figures Larger Than Expected. | But Price Changes Are Not Large. By the Assoriated Press. NEW YORK, December The cotton market opened steady at an advance of 4 to 17 points on higher Liverpool cables, better Manchester trade reports and a more optimistic feeling over European affairs. pro- moted by the steady opening of the stock market and firmness of foreign exchange. The advance met considerable sell- ing. much of which came through houses with New Orleans connections. but which also included scatterin local and commission house liguida- tion, due to rather larger ginning figures than expected. As a resull prices broke rather sharply right after the call. with January selling down from to 2451, or about b points net lower. The census report showed 9,318.144 bales ginned to De- cember 1. compared with a recent forecast of 9.260.000. NEW ORLEA December became 1ight and the market remain- ed quiet until the posting of the weekly statistlcs, when activity be- came pronounced, because mill tak- ings were much larger than expected. 437,000 bales, against 383,000 this week last vear. In the trading up to noon this list went to net gains of 15 to 23 points, carrying January to 24.57. Noon bids—December, 24.52 asked 53 asked: March, July, 24.2 teady. BAR SILVER PRICES. LONDON. December $.—Bar silver. 81 15-16 pence per ounce. Money, 1% INREASE S SHoW sus Lureau announced | . s—! Trading_in cotton after the opening| i AGCUSED OF PLOT Gunman, Offering $20,000 for the Job. By the Associated Press. DETROIT, Mich.,, December §.— Mrs. May Blenn Ford solicited the services of a gunman to kill her ber, October and November, with a|wealthy husbund, Ney J. Ford, offer- 20.000 for the “joby son of Philadelphia, president of the and gave him a photograph of her husband to make sure the right man the sworn was registered for the same|statements of four detectives, whose investigation resulted in Mrs. Ford's ed the gunman was slain, according to detention today on a charge of a tempting to commit murder. Denying the charge, Mrs. Ford d clared she was the victim of frame-up” that grew out of her d mestic difficultics. These difficulti getting cars, he declared, continuing:yincjude a suit for divorce, filed last " n which she charges cruelt foodstuffs rise infand a suit asking $25.000 damages of Augusi her estranged husband for alleged a sault Mrs. Ford ed last nigl arry the f when, it is alleged. she was about to meet’ Edward Ku lieutenant, for a sec her reported plans for the slaving her husband. ath, a detecti Posed as Gunman. Kunath. it was said, nsas City gunman” posed as Wednesd night when the alieged plot was first revealed by Mrs. Ford The first mecting. according to the detectives, took place in an apari-| ment especially rented for that pur- f poxe. Threr detectives elaim 1o have overheard the converstaion in which | he be shot at his farmhouse. west of | Detroit. and the others were that he i be shot or slugged while workingi about the bur ed in a hayst of the bod 1o be removed cation should was said. the body to be bur . Before Ford's gold teeth we: to forestall identi the piot miscarry. Maps of Farm. Maps of Wayne county an oh of the Ford farm also were pre to the pseudo-gunman, it was allege to guide him in reaching ome and in making h 000 w i | 1 | | T s @0 be paid, the detectiv Mrs. Ford shou fon of her hu: dec have come into poss ared. as soon i band's estats The conference was arra d that Ford had b Before her marriage to Ford, a ago. Mrs ed in Toledo, by & former marriage. INNOCENT MUST PAY him to expect capital punishment. Indeed, Prince Andrew says, the Br ish minister, F. O. Lin tenced to death, same fate was reserved for him. wife, Princess Alice, Who was prese gave the Giornale D'ltalia, interrupte saying: arrived in the morning from where the tragic announcement made to me on the best authority th: my husband was to be shot. Mans the ludies visiting me discussed the d tuils of the execut the cihers. which w ilescribable 1o wre to me.” Prince Andrew at ed i om the death sent )ihe el ervention of England. the King in and the Pope, and declared th {he would never forge: these efforts his_hehalf. | “Twenty-four hours before the trial he adder would be. knew what the senten: e nd conference on the woman is sa o e gone over the details with Kunath. Several plans for the killing were presented by Mrs. Ford, the off d cd. One. they xaid, was destruction nted ed. lh?’ ors udc i xeve s ago against contin- ucd re t his farm Ford was a nurse, employ he has two children FOR GUILTY, PRINCE TOLD | 1 December S —"In a revolu-| ime aften the funocent must fpay for the guilty © Th according | j1o” I'rince Andrew. recents banished { Lfrom Greece. wer, words addressed to him by Gen. Vanealos. minister of ! war, before his trial. in order to prepare < ley, on the day Gounaris and his colleagues were ten- informed him that the His at the interview which Prince Andrew You can imagine my feelings. T had Pireaus was unaris and FRIDAY, DECEMBER 8, 19 t- e- o- es hty ve of n- re fi- i a rd | 2 it- nt d, at of - of at in ce We have several large private vaults, 2474x39 x213: for rent. H Safe Deposit Department i {|| Federal-American National Bank 1315 F Street 30, Assets over ROY GOFF él‘:lh“l‘l.d "Ill&. Lis $5,000 Life Policy, $43.85 Bend_date of birth for iliustration. CERTIFIED PUBLIC ACCOUNTANT 421—WOODWARD BUILDING—i23 7 7\ il per cent. Discount rates—short and three-month bills, 2 9-16a2% per cent. NEW YORK. December 8.—Foreign bar silver, 641;5; Mexican dollars, 49. RAW SUGAR STEADY. NEW YORK, December 8.—The early raw sugar market was steady and spot prices were unchanged. at 4 cents for Cubas, cost and freight, equal to 5.78 for centrifugal. There were sales of 15,000 bags of Cubas to at an operation for January clearanc 3 9-16, cost and freight, equal to for centrifugal. WEEKLY COTTON REPORT. LIVERPOOL. December 8 —Weekly cotton statistics: Total forwarded to mills, 54,000 bales, of which Ameri- can 35,000. Stock, 770,000; American, 446,000. Imports, 135.000; American, 101,000. Exports, 2.000; American, 1,000. PARIS MARKET STRONG. PARIS, December 8.—Prices were strong on the bourse today. Three per cent renes, 59 francs 65 ccn- times. Exchange on London, 64 francs 40 centimes. Five per cemut loan, 76 francs 82 centimes. The dollar was quoted at 14 francs 8% centimes. COTTON EXCHANGE PLANS. NEW YORK, December 8.—The New 'York Cotton Exchange today an- nounced that it would be closed on the Saturdays preceding Christmas and New. Xearn, EQUITABLE Co-Operative Building Association | $4,637,959.50 $1,150,880.31 Systematic Saving A plan to make saving easy— Save a little each pay day and you will be surprised at the almmmt accumulated in & short time. Subseriptions for the 84th lssue of Stack Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHRN JOY [ON, President FRANK P. SIDE, 99 . o FINANCIAL. 6% MONEY 1st TRUSTS L. W. Groomes o S S i 8 P otart Christmas i —SAVINGS ACCOUNTS for each of your voungsters, and you will bestow gifts of practical, helpful character. 4 Making thei | % its “zrow” will prove beneficial rivalry—developing a sense of values and frugality that will stand your hoys and girls i od stead later in life. $One Dollar or more will open a .. . - itan” Chriy S savings ac- When mvettmg ‘;\"I‘:;:[(ipolx an hristma AVINRS ac your savings First consider safety, then reven: Don’t let & promised flatterin influence your better judgment and sacrifice safety. Our record of 15 years in Recommending First Mortgage Investments Without the less of s single penny either principal T 3% Paid on Savings Accounts National Metropolitan Bank Capital, Surplus & Undivided Profits Over $1,700,000.00 15th St., Opposite U. S. Treasury—108 Years Old in or iatsrest mor a di is one we reflect u 3 | ‘Write or call Department for- Loan further information. We attend to all details, furnish certificate of _titls, collsct ‘and remit interest the day due, A Limited amount in $250 up to $1,000 now on hand Bearing 7% CHAS. D. SAGER FIRST MORTGAGE NOTES B i A | FOR SALE ] ENTS' IN DENOMINATIONS OF R | 500 DOLLARS AND UPWARDS Let us manage your Rental Prop- erty. Over a Quar- .y/.y/ % ter of a Century %fl(/fl// 7dl. & ~fl/’l6’)‘ 2/; Do. Experience. Y, B. F. SAUL CO. 1412 Eye St. NW. __Main 2100 1207 %fmwfi&af .%em« Out of the Large Number of People Who Know How to Save, Few Know How to Invest FIRST TRUST NOTES as issued by us, will be found to be a safe and When those fast-dis- appearing, high cou- pon bonds are called, there is often a di- lemma in a choice between these two courses of action. Wiite us for a timely sure method for the inexperienced investor. discussion of this matter in our current circular. GRAHAM. PARSONS X% Co. PHILADELPHIA NEW Yorx WASHINGTON Consult Our Loan Department SHANNON - & 713 14th Street $2,000,000 New Process Gear Company, Inc. SYRACUSE, N. Y. First Mortgage 6%% Serial Gold Bonds [SAFEGUARDED UNDER THE STRAUS PLAN] SERIAL MATURITIES, 1 TO 10 YEARS, $200,000 EACH YEAR BORROWING CORPORATION: The New Process Gear Company, Inc., has been incorporated under the laws of Delaware to acquire the New Process Gear plant in Syracuse, property and going business. The plant has been in continuous operation for the past 20 yearsand is known as one of the largest gear plants in the United States. The Company is turning out large orders under contract with such corporations as Durant Motor Co., Star Motor Co., Flint Motor Co., Willys Overland Co., Timken Axle Co., Salisbury Axle Co., and Adams Axle Co., and it is estimated that its sales for the coming year will amount to between $7,500,000 and $10,000,000. The Company is under able, aggressive and experienced management. MORTGAGED PROPERTY: The bonds are a direct first mortgage on all the land, buildings, machinery and equipment of the Company. The land composes 7% acres, the three main buildings having a total floor space of 8 acres. The mortgaged property is appraised by Messrs. Ford, Bacon & Davis at $4,057,709. EARNINGS: Annual earnings of this plant from the years 1916 to 1921, and the first 10 months of 1922 for interest, taxes and depreciation, according to the audit of Messrs. Price, Waterhouse & Co., averaged $517,731.23.This is nearly four times the greatest annual interest charge, and greatly in excess of the greatest annual principal and interest require- ments on these bonds. We purchased the above described bond issue after careful investigation, and offer these bonds to the investing public with our full recommen- dation as a thoroughly secured investment. The bonds are surrounded with all the customary safeguards of the Straus Plan, including monthly deposits of principal and interest. Denominations, $1000,$500and $100. PRICE: Par and accrued interest to net 6%:% Call, write or ’phone for literature describing this issue. Ask for Circular 684-G . W. STRAUS ESTABLISHED 1882 OFFICES IN THIRTY CITIES & CO ASHID TIONAL METROPOLITAN BANK BLD( Telephone Main 5847 FORTY YEARS WITHOUT LOSS TO ANY INVESTOR 1923-S W.S. &Ca. >TON, D. C.