Evening Star Newspaper, March 9, 1923, Page 29

FI SOUTHERN CHANGES . DIVIDEND DATES Preferred Stock Also Back on 5 Per Cent Basis—Local Financial Notes. A e Southern Railway Company semi-annual dizidend on the preferred April 20 to stock- record March 29, accord- announcement made at the »f the company’s directors. n of the directors in de- semi-annual dividend at time means that payment dates those dividends in April and are to be resumed. mak- the dates the same as prior to deral control During the control perfod pre- ferred dividends were paid in June and December. The preferred divi- dend was resumed in October, 1922, when 21; per cent was declared p: able November The previous 2 per cent dividend was pald Decem- ber 30, 1921 Only ona 212 per cent idend in_ 1922, instead was _paid the 5 per cent annually pald viously. Declaration of the 21z per cent at this time means that Southern ra wayv preferred is again on a 5 per cent anaual basis. Heads National Mortgage Co. George F. Walker has been elected presdent of the Natlonal Mortzgage and Investment Company, to succeed H. Rozier Dulany. Mr. Dulany was elected chairman of the board of directors. Other officers re-elected at the an- nual mecting this week are: L. E. Breuninger, vice president and ma @ger, and William D. West, treasurer. The newlv clected president is a lumber deaier and has_the following Danking connections. Vice president Park Savings Bank, director Federal- American National Bank and director itizens Savings Bank. International Bunk Dinner. Officers of the International Bank were hosts last might to the newly mlected dircctors of the institution at a dinner in the Racquet Club. Those present were Thomas W. Brahany, Frank B. Essex, George A. Harris, W. .J. Tauck, Thomas B. Lawler. Faber J McFadden, W. H. Price of Baltimore, Edward A’ Stuarf, William T. Symons. A. C. Waller, John R. Waller and Frank P. Scully of Boston. New Treasury Issue. Subscriptions to the new Treasury certificates wers reported to be com- ing in a fair volume today. but not with such a rush as in some of the previous offers. The majority of sub- scribars much prefer the yvear {ssuc to the six-month issue, judged from or- ders received by local banks The terest rate of 413 per cent for the Tonger perfod is more attractive than the 47 per cent for the half vear, in view of the outlook for money ter the first rush of industrial ac- vity this vear has passed The rate on both issues is a trifle ove the market price of similar is- Secretary Mellon's statement v that no serious considera- tion was being given to any- further fncrease in rediscount rates of fed- eral reserve banks. and that credit conditions promise to be easily equal io the demands mado upon the banks, tended to allay the anxlety of some who had become a little nervous about money conditions. Am. Tel. & Tel Financing. When shareholders_of the Ameri- can Telephone and Telegraph Com- pany ratify the proposal to increase authorized_capital stock of the any by $230.000,000 on March 2 company will have a capitali n of $1,000,000,000. 1 December 31, last 060000 authorized stock $699,437.400 was outstanding. While no stock offering is contemplated during the present vear, the limit of the present| Authorized share capital of $750,000.- 006 will be reached this year in view f the stock needed to meet commit- ments under the August 24, 1922, offer 1o shareholders for conversion of bonds and for subecriptions already made under the employes’ stock plan of May 1. —_— Washington Stock Exchange BALFS. declared oper cent ¢k, payable ders of to niectin eclaring this November t e ¢ the $750.- 10 at TA%, Washington 10 at Norfolk and 10" ar 212 0 517y Gas Lig 10" at Cashingt 10 at 317 10's AFTER CALL. £500 at 97 £500 at T Potomac $1.000 at 07%, $1,000 at 97 Chesapeake and Potomac' Tel. 55—$1,000 at 95, $1.000 at 98, Potomac Electric g. m. 65—$1,000 at 100, Potomac Eleetric . & ref. 761,000 10725 Washington Gas Light—10 at 51%, 10 at $17%. 10 at 5175 Norfolk and "(Washiogton Steamboat—10 2187, 10 at 21434 Money—Call loans, § and 8 per ceat BONDS Bid and Asked Prices. PUBLIC UTILITY. Bid at Asked, o Anscostia & & I, Telephone os. & P._Telepbune of Capital Traction R It *ity & Suburban s ... Georgotown Gas 1st Be.. Metropolitan R. R_5s. Potomac Elec. Ist o Potomac Fler. cons. os.. Potomac Elec. deb. 86, .. Potomac Elec. Pow. g m. 64, Por. Flec. Pow. g m. & ref. s Wash., Alex. & Mt. Ver. 58 Wash, Alex. & Mt Ver. ctfa. ash.| Bait. & Anpap. Bs. axhington Gas g Washington Gas Tia¢ : Washington Bwr. & Elee 4 . Rews. & Elec. g m. 65 MISCELLAN b. C. Paper Mfg. 6s. Rizgs Realty 5< (long). ks Realts 5 (shorti.; Storage & Safe Dep. fu.. Cold Stor STOCKS PUBLIC UTILITY. American Tel. & Telga Capital Traction... Washington Norfolk & W Wash. Rws. & Elec. com Mash. Rwy. & Eiec. ptd Werminal Taxi com.......... Termioal Taxi Df.. NATIONAL BANK Capitnl Columbr Commerciai Federa! American Liberty Lincoln merican Security & Trust ‘ontinental Trus Bank BAVINGS BANK, Commerce and Savings. ¥ast_ Washington, Lol 18 Security Savings & Commercial. 245 Beventh Street...... 1 Fotted States Saviog ‘Washington Mechamic FIRE IN Ameriean Corcoran ¥iremew’s L. Nattonal Union ! TITLE INSURANCE. Cglumbia_ Titles. eal Estate . MISCELLANEOUS. fumbte Graphophone com...e &um;fl— NCIAL by Private Wire Direct to The Star Office. BY WILLIAM F. HEFFERNAN. NEW YORK, March 9.—The sharp break in Durant of Delaware Thurs- day and a further drop in the stock was riothing more than a professional raid, according to many curb experts. This view was borne out by the rally that took place after the ecarly sell- ing had run its course. After reach- ing a low of 50% supporting orders were thrown into the market, result- ing in a recovery of all of the early loss along with a good part of the decline of the previous day. The Durant stocks were offered freely Thursday and professional op- erators, when they found support lacking, met with little oppusition on the selling side. Tho fact that the president of the company Is at pres- ent on a tour of Pacific coast prop- erties was an additional incentive for the selling. One_or two of the motors were af- fected by the pyrotechnics in Ilurzn(.\ but .with the exception of Peerless, NEW_YORK, March 9.—Following | is an official 1ist of bonds and stocks traded in on the New York Curb Market today nds. Allied Packers 6s ied Packers 8 | Alum 76 new ‘83 Am Gaw & Elec 65 08% Am Tight 65 ... Am Sumat Tob Tiss Repub Corp 88 T a3 22505 a0 Can Pac 68 Cent Steel S8 111 Cities Bervice 68 B. Cities Sersice T D 3 Con Gas Balto Sis [ 98% 16 Cons Gas Balto fs A 1083 11 Cons Textiles 8s ... 1031, 1 Cuban Tel 7. 1051, 3 Detroit ity ¢ 9 Dunlop T & R 1 Fisher Body 6s 18 Fisher Body 6s '30. 17 Fisher Body 6s '24.28 ir, Roht 78 .. jena Sig Oil o a@en) w Gulf Ot of Pa s ing v od Rubber Ts 142 11 Cen Rfg 5% & Kan City Fo Lt 11 Kennecott top 1 Lig Win Ley r e 7 11 Lousrille & & B 9 Manitoha Fower 23 Maracaibo Oil Ts *25. Morris & Co T%4s. 10 Nat Cloak & Suit 3 Nat Leather Su... 18 Nat Acme Tise.. ... 1 New Or Pub Rer 53. 5N ¥ C &St L @ Onio Power 58 B. 1 Penn Power & Lt 58 1 Thila Elec 6a..... 3 Shawsheen 7w ..ol 2 Shefold Farms 8i5a. 1 Stowe Sheft s 3 Souen Calte Ea3s. 3 18 | Checker Ti THE EVENING STAR., WASHINGTON, D. C, l NEW YORK CURB MARKET Received o AMERICAN IN ATHENS SEES URGENT U. S. NEED Near East Like Volcano, Says Oli- ver J. Sands, Richmond Banker, | in Inquiry Party. V By the Associated Press ATHENS, March 9.—Several of the American delegates to the convention of the International Chamber of Com- merce. which opens at Rome soon, have been spending several days in Constantinople and Athens in a study of_the near east situation. The party comprises Oliver J. Sands, | president o the Amerfcan National | iank of ‘hmond, Va orge M. | i which reacted substantially in the early dealings, there was no materiul weakness. The selling in other sections of the market was not as pronounced, but the upward movement was resumed only in special stocks. Ohlo copper got across the dollar mark for a gain of “over 20 points, hile Butte and Western and Arizona Globe Copper were in active demand at recent top prices. Red Warrior opened up 10 points on the report of a merger with an_adjoining property The weakness that occurred in | xi Manufacturing Thurs day after tha wnnouncement of the suspension of trading in Fay Taxi was again manifest, although the is no connection between these com panies. Household Products was again higher on the report that ap- plication had been made to list this stock on the stock exchange. !Reynolds, president of the Contiren- tal Commicreial Natlonal Bunk of Chi- jcamo: Silax H. Strawn. chairman of | [Montgomery Ward: Augustus Searle | tof Minneapolis, and Frank L. Fay, ipresident of the Greenville Steel Car {Company of Pittsburgh Before leaving Athens Mr expressed the opinion that “Ameri drice ‘ s o oil group | s Price movements in the oil group jrBreE inuing her very necessars were of small importance and gains [0 and losses were about evenly dis- |} «Ivl:.rnf”,""I must he to ) tributed. Maracaibo Oil bonds gained |4 lon= ault hbling and give the 4 points, but the stock failed to act in i "°4% cfaesi sympathy «peak with no divided e of humanity. He , {added that the cconomic and political situation in the near cast s a live {volcanogwhose fires are daily costing countless Hves. Sands | = Amer “must (volee in the n he de-! 40 Radio Corp 9 Radio Corp 40 Rep Tire & Rub 10 Repetti 2 Reo Mot . Roseha S| EQUITABLE Co-Operative Building Association Organized 1870 43d YEAR COMPLETED Amnetn .. Surplus Systematic Saving A plan to make saving eas: Save a little cach pay day and you wtll be surprised at the amount accumulated in a short timd . { 1 | Tooms w 1. h Trod Trinagle Filn Tn F{t Shar now Ln Retail Candy T'n Re Can Fr ahar o Mach Corp TS Lt & Heat TS Lt & Hewt prd TS Metal Caps Utah Tdaho Sugar w oal Willss Corp 1ni pf WIITC Iat pf of dp Yale & Towne new 621, Yel Taxi Corp N Y 131 MINING. Alaska Brit Colo Alvarado Min Am Commund Min Am Exploration ... Arizona Globe Copy Big Ledge ...... 7 Butte Western Calaveran Copper Cannda Copper . Nubscriptions for the 84th Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, President FRANK P. REESIE 210 1 15 5 op Min ey Cortez Silve Crosson Gold L.l 20 Divide Extension 1 Dolores Esper . 9 Dryden Gold ... 101 ador 80 Emma Silver 30 Fureka Croesus.... 10 First Nat Copy Fortuna Mines, GoldBeld Cone... Beld Teep Mi Atield Florenco. . REAL ESTATE The Foundation of All Values Gold Z Hurdsiell Min. Harmill Dis. Henrfetta Stiver Hill s 3 Shrewd investors have %een selling bonds and investing 3 Bolvey et Cie 180N Y Blgn . 8 Konthwest Rell 2 Sun O s . Rwitt & Co Tnit Ry of Hi Yacuam 0il Valvoline 01l FOREIG 18 Argentina 7% 3. 47 King of Nether 6. . 5 Republic of Peru 8. 10 Russian Govt 8igs.. 10 Ewiss Govt Sige 25 U S of Mexico 45... 397 39% Sales .. STANDARD OIL ISSTES. in units. 1300 Anglo Am Oil 100 An Am Co of § Al 10 Rorne Scxrmser 20 Crescent P L . 10 Enrcka P L . 100 Big 0l 900 Hum Oil & Re new 1w Imp OIl of Can 20 Ind P L . o 1300 Tnter'l Pet Co nolla Pet Transit . 50 X Y Traosit 400 Ohlo O1]_new. 90 Prairie Ofl & 100 Prairie P_L. 120 Southera P L 17800 8 O Ind . 400 8 O Kaneas 5 5 4800 Vacuum Oil pe' Sales INDEPENDENT OIL STOCK: in hundred 20 Allied Of) new i Ark Nat G & Indian £ 1 4 Cons Rosalties Creole Ssnd . Darby Pet Engineces Pet Ertel 0l . Gilltland Oil " :. Glen Rock 01 .. Gulf Oil of Pa Hudson Oil ... Humptrey 0l .20 Indpt 0 & Keystone Ranger Latin Amer Oil. Livingston Pet . 1 Lowry 01l . 14% 82 114 9% Maracaibo Of .. 101 Mex Ofl .. Midwest-Tex Oil Mount Prod . Mountain Gulf Mutual Oil vot cfs New Eng Fuel Oil. Noble 0l Pennock Oil Peer Ofl ..... Roral Can’.. Ryan_Con Salt Creek new . Sapulps Refin Seaboard Ofl Saota Fe O Southern P & R. Routh States Of Texas Ranger Texon Oll & Land. Turman Ofl Wileox INDUSTRIALS. me Coal Alum Mfg "l Amul Teather . Rrit-4m Tob Rkiyn City R Budds Buds ...... Campbel: Soup pra Car Light ........ Cent Ribbons Mili Centrifug_Ir Pipe. Chicago Nipple Chic_Steel Wheel Ch Steel Wh pfd.. Checker Cab A w i Durant Motor . Durant Mot of ‘fnd East Kteel Castings Tire [ Sug new Heyden Chem ... Household Prod Hud & Mann R T Hydrox Corp : Inland Bteel Inter _Cont 4 Lake Superior Corp Lehigh_Power sec.. Libby MeN & L.... Mercer Mot ... Mercer Mot vtg cfe Mesabl Tron 5 Nat] Dep Stores w 1 1 Dept Stores pf 100 Nat_Sup Oo of Del. 8% N Y Canners w i.. 321 Onsx Tiose Oxelda Corp Peerless Mot . Perfection Tire Penn C & O... Phoenix Hosiers .. 411 Prima Radio Co.,. .39 —abant T L T T Merchants’ Transfer and Storage 100 Mergenthaler Linotype. o171 0ld Dutch Market com. 2% 0ld Dutch Market ptd. o Lanston . Monotype. Becurity Storsge v their funds in centrally located business properties in various cities throughout the United States; hence the slump in bonds and steadv increase in the value of real estate of every description Consult Our List Of zilt-edge {nvestments yvield- Nevada Ophir ilt-ed viel b ing 5%, 6%, 8% and 10% net in- Ray Tercuies n: come swith every prospect of Red Hill Florence . increase in value. Quinter, Thomas & Co. Rex Conx Spec Howe L : Tndependence Lead. Iron Rlossom.. Jerome Deveiop. Kerr L Morington National New Domin_Cop N Y Porcupine Richmond Coppe heldoa Min Sil Qu Mines Corp Sil K D Min reor Silversmith Mines So Am Gold & I Spearhead Gold St Anthony Gold.. Teck Hughes ... Tonopah Relmont Tonopah Divide .. Tonopah Extens ... Tonopah Miniog - Tuolumne .. Tuited Eastern Tnited Verde Ext . 10 U 8 Continental. .. Tmit Zine Smelting 28 Tnity. Gold ... 8 Talted Imp Mine . 4 West End Consol.. 20 Weat End Pxt.. 20 West Utah ~.ukon Alaski tr of —_—— OREIGN EXCHANGE. March 9, 1923—12:30 p.m us futnished by W. B. Hibbs & Co.) | Nominal Selling checks | gold value. Todar. 4,886 o0 ints in Real Estate for n Quarter Century 15th St. N.W. 7% and 8% High-class Real Estate Mortgages For Sale in small and large amounts Cory & Cory, 719 15th St. N.W. Tty S If you have money to invest, we can ly place it on gilt-edge first D. C. Mortgages. Our record of 30 years insures your protection. Courte- ous treatment. Percy H. Russell Co. S.W. Cor. 15th & “K” Sts. pound ane. . franc. mark. lira.. { London Moutred) Berlin, Rome. : Zurich, franc. Athens, drachmi Madrid, peseta. Vienna, crown... Budapest, crown.. Prague, crown. Warsaw, mark.. Copenhagen, crown. Christianis,’ crown.... Stockholm,’ crown..... By the Associated Press. NEW YORK, March 9. —Foreign ex- changes irregular. Quotations (inl|Z | United States dollars) Great Dritain, jdemand, 4.7035; cables, 4.70%. Sixty- day bills on banks, 4.681. Italy, de- mand, .0475; cables, .047812. France, demand, .0603%; cables, .0604. Bel- glum, demand, .0521%z: cables, .0522. Germany, demand, .000048: cables, .000048%5. Holland, demand, .35 cables, .3957. Norway, demand, .1808. Sweden, demand, .2660, Denmark, de- mand, .1908. Switzerland, demand, .1867. Spain, demand. .1554; Greece, demand, .0108. Poland, demand, .000021. Czechoslovakia, demand, 0298, Argentine, ~demand, 3725, 725. Brazil, demand, .1125, Montreal, .98 3-16. RAW SUGAR PRICES. But Few Changes Noted in Quota- tions Today. ' NEW YORK, March 9. sugar market was steady changed early today at 55 cost and freight, equal to trifugal. The market for raw sugar futures was easy early under scattered liqui- datfon, but, after showing declines of 12 to 13 points on active positions prices rallied on covering and trade buying prompted by bullish crop ad- vices, and at midday were 1 points net lower, The market for refined sugar was unchanged to 15 points lower, with fine granulated now ranging from H UL afe Security ound Methods atisfactory Service —are outstanding elements of the desirability of investing in our 770 First Mortgage Notes Desirable investing depends solely in judiciously selected securities. We value highly our record of never a loss of a8 much as a single penny in either prin- clpal or interest. Notes now on hand in de- nominations of $250 up to $5,000. Certified _ Title furnished with_each purchase. Collect- ing, remitting interest and ail details attended to by our Loan Department. Chas. D. Sager 924 Fourteenth St. NW. Loan Dept., Main 36 [T The raw and un- for Cubas, .40 for cen- If You Belleve in the United States You Believe in Washington Seven Per Cent First Mortgage Notes A direct closed first mortgage on highest type income pro- ducing improved Washington property. ‘We recommend these notes as a thoroughly safe and sound in- vestment for your funda. Notes $100—$250 Three- est payable semi-annually. to The market for refined futures was firmer. with sales of June at 9.10, or 5 points above the previous closing. —_—_— RECORD FREIGHT TRAFFIC. Freight traffic on railroads, accord- ing to reports compiled by the car i service of the American Rallway As- soclation, is breaking all_records for this season of the year. In the week ended February 24 830,323 cars wers loaded with revenue freight, or 101 295 more than the total in the same week last vear and 171,681 in excess of the corresponding week in 1921. NEW YORK EGG PRICES. NEW YORK, March 9.—Eggs—Un- settied; receipts, 27,047; fresh-gath- ered, extra firsts, 37a87%: fresh- gatnered firsts, 36a36%; New Jersey hennery white, uncandled extras, 44 a45; state, nearby and nearby west- ern’ hennery whites, firsts to extras, 393%a43; state and nearby henmery browns, extras 40a43; Pacific ooast whites, extras, ¢0¥adlls see that the | === |8 RIDAY, MARCH 9, 1923 STATEMENT W: TAB CONDITIO! o EQUITASLE ¥ruE % MARSNE INSURANCE ! on (COMPANY OF FROVIDENCE. B. 1 Executive | ot e oF B, 2 o Wanted June 30. 190: 18, 1911, .$1,000.000.00 2711000,000.00 Eastern manufacturer, office appliances, nationally advertised line, wants man with executive ability to take charge Washington district. One who can scll goods and who can direct salesmen preferred. Office established num- ber vears: several hundred users; presents fine oppor- tunity. | Phone or white L. K. Honeywell, Hotel Harring- ton, for appointment. $155.863.27 60000 uncollected and hands of agents Interest du Total assets LIARILITIES. frea by Tnw xpenen. . $252.988.26 845,600.31 27.750.00 £,000.00 ot unpaid clat Reserve an requ | Saaries,” rents, b | Commissions, Capital stoek ... . Interast on morigage louns paid in udvance . G z taxes, brokerage, efc. . Total Mabilltiex . Character of bisinéss niand navigation and transportation. il ‘sprinkler leakage, riot, civil na "explonion. ant of risk assumed during LU 3486,286.041.00 Losen sustained during the sear e 530,605.52 Money received during the vear 1922 (total Income) Ezpended during the s (total disbursements) I0HN B. KNOT, . V. CHAPLIN, Secretary. Rubacribed and yworn (o before me thix 14th of February. 1 (Seal.) ANDREW E. BCHUTTENHEILM. Notary Public. OY GOFF. Residont Agent ranon—Ail Branches. d ‘bldl. Phone M. 340. 1,258.811.49 1,059.677.41 President. ar 1922 age charged Pay your bills viv one fre, v Commercial Loan & Finanoe O M. LE R n 610 Wood . 1,000,000.00 211, 921 15th St. N. $5,000 Life Policy, $43.85 80. Send date of birth for {liustration i stablished 1863. Aesets over $200,000,000. . ™. F ROY GOFF 1 Tnsurance—All Branches | Reom 617 Woodward Bullding. M. 348. [t Government, State, Municipal Bonds To Yield 3.489c—5.25% Livermore & Co. Members New York Stock Exchange 823 15th St. N.W. and Wardman Park Hotel GRAHAM. PARSONS X Co, PHILADELPHIA NEw Yorx WASHINGTON 40S Hisss BLDG. Telephone: Main 2655 Main 2790 Col. 2000 Your Executor Placing the burdens of an executor upon a single individual—inexperi- enced in handling financial matters, is not wise. Obviously he cannot give the same careful attention to vour affairs as you would yourseli. By naming our Trust Department as bxecutor or Co-Executor, you can be sure that vour estate will be ad- ministered in every detail exactly as vou wish it—by men thoroughly ex- perienced in such matters Second National Bank “The Bank of Utmost Service” 509 Seventh Street N.W. 1333 G Street N.W. Alerander Wolf Victor B. Deyber Trust Officer President We Have a Practically Unlimited Supply of 'MONEY TO LOAN at 5% Wm. H. Saunders & Co. 1433 K Street N.W. FOR YOUR OWN GOOD-— BEFORE YOU INVEST—INVESTIGATE THOUSA_\'DS of dollars which have been lost would be in good interest- bearing securities if the investors had in- vestigated before investing their funds. O Our Quarter of a Century Without a Loss FIRST MORTGAGES —have stood the test of time and yield a good return, B. F. SAUL CO. Main 2100. 1412 Eye St. N.W. FINANCIAL STATEMENT OF THE CONDITION OF TAE Equitable Life Insurance Company-of -the District of Columbia 3 e e ired upder the Distrdet of Columbia Cod! Capital stack Capital stock, paid up, ‘n’ cash Cash in office Cash in bank Real estate .. 2 Real estate mortage (f Stocks and bonds (market Rills receirable .. Premiums uncollecter Interest due and accrued .. Loans secared by "collateral TLoans to policyholders Reats Tue) 1,174,924 4664 78.421 43,208 00 in hands of agents’ Total assets Net unpaid cluime ; Reserve”us reauired iy iuw ; : e dnsurance nremiume, premiums pa vance Salarien. Tenin. expenacs. tages, et oo o Dividents to policy holders E Agenta bonds L Capital stk Srpli Total Tiabilities . oo Charscter of businews transacted diiring of risk sksumed duriog the year 1 Loutes wuntained during the sear 1022 Maney received during the sear 19 Expended duriog the year 1922 HENRY T ALLEN C. CLARK, Secretary Subscribed and sworn to before me this Tth day of (Beal) Bische 1y GILBERT A. CLARK. Notary Publ Washington's Oldest National Bank The Spirit of Progress fWhile the dean of the city’s national b:mk,g we are among the most pro- gressive. There's an alertness in our interest in customers, a spirit of prog- ress throughout this institution, that invite the patronage of the up-and- going type of business man. T We invite you to utilire facilities and know the benefits of 100% efficient banking service. our Organized in 1814 Our Savings Dept. Pays 3%, Compound Interest National Metropolitan Bank Capital, Surplus & Undivided Profits Over $1,700,000 15th St., Opposite U. S. Treasury—109 Years Old Offices For Rent In the Beautiful New High-class Fireprooi Office Building 1417 K Street N.W. Immediate Possession BOSS & PHELPS Owners and Agents 1417 K Street N.W. Dean, Onativia & Co. Stock Exchange Building - New York COTTON GRAINS COFFEE SUGAR STOCKS and BONDS MEMBERS: N. Y. Cotton Exchange Chicago Board of Trade 280 N. Y. Produce Exchange Associate Members of Minneapolis Chamber of New York Curb Association Commerce WASHINGTON OFFICE: - Main Floor, Woodward Building Office Open Until 5:30 P.M. Phone Main 2040 JOHN CALLAN O'LAUGHLIN CHARLES R. ALLEY Manager Asslstant Manager New York Stock Exchange Chicago Stock Exchange LU LU LU LU BT T T 8% —First Trusts--—--8% A limited number of First Trusts while they last, at 8% Interest, payable semi- annually. Denominations $1,500, $2,350 & $2,5 Each one secured on a home occupied by the owner. All papers furnished. VWilliam P. Irvin 1410 G Street N.W. Phone Main 3908 .-=llmlllll|llllllllll| LU ULCUTTU LT T (T 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 sure method for the inexperienced investor. Co;nnlt Our Loan Department £120.000 0 120,000 60 e B T O T T T T .