Evening Star Newspaper, March 17, 1923, Page 21

FINANCIAL. "BUSINESS CONDITIONS ARE BEST TO DATE THE EVENING STAR, WASHINGTON, D. O, SATURDAY, MARCH 17, 1923. EQUITABLE Co-Operative Building Association Organised 1879 434 YEAR COMPLETED Assets ... . .%4,657.959.56 Surplas .. -...$1,180,380.01 Systematic Saving A plan to make saving easy— Save a little each pay day and you will -be surprised at the amount accumulated in a short me. Subscriptions for the 84th Issue of Stock FINANCIAEL. “When lnvesting" MONEY TO LOAN iotes alwars hmn::: in commended 3 Bend for ful infermation oonoerning our 7% First Mortgnge Investments in Amounts of $250 Up to $5,000 Guarantesd Title furnished to all investors, Insurance Man Experienced in selling automobile insurance, is wanted to act as manager Must be a producer. Old-Time Prosperity Stage Reached in ON FIRST MORTGAGES Many Lines—How Far Advance Has Been Discounted Puzzles Wall Street. BY STUCART P. WEST. Bpectal Dispateh to The Star NEW YORK, March | new securities are rot a5 NUMErous as they wera. Possibly this may mean that distributing houses have begun to —In no week | take note of the fuct that the invest- 80 far have business conditions been shown in a more favorable light than they have this week. With output strained to the limit in important lines like iron and steel textiles and bullding materials, It is still not suf- ment demand fs by no means as robust a8 it was, and that there {s danger, un- less the output of “news” is restricted, of the market becoming congested. Money rates have not changed, but the banks are more cautious than they Were even x week ago about how they put out funds on long-term contracts | Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, Prestdent interest collocted and remitted the day due. Chas. D. Sager 4th Lonn nm ™. 38 Address Box 309-B, Star Office. fletent to keep puce with demands. |at present quotations. Heredn is re- | Consequently, prices arc rising and | flecled a feeling tiat the money market | f6 ‘benched a Jevel suhe will show later on more than have reached a level where it can be | F01 STOW fetel on moce thah 1t #ald that real prosperity in @& mod- [due to the Mg commerclal prod srate degree hus returned many |and the much higher price levels manufacturing companies, to most re- | commodities and securities. tail and distributing compunies and| Sterling Exchange Gets Down. ir way to be restored in | Completing of British payments on AT e restored in | o) fivet installments of the American {war debt has naturally led to some g0, how-'let-down Ir sterling exchange, for Wall {the tmmediate ine - from the sritish standpoint tu have sterling & Tiear as possible to parity with the dollar is over. A small improve- ment has taken place in French ex-! FRANK P. REESIDE, Secy. If You Believe In the United States You Believe in Washington! Who Kunows T his Work? MORTGAGE MONEY First Mortgage O matter how capable they may be in business, men 5 I/Z and 6 70 Notes how ca rarely think of what work will be involved in set s An unlimited amount to loan on desirable tling their estates. 7% lntel‘est = hotels, office buildings, apartments or centrally located business properties in Washingtor, D. C N o bl A Trust Compuny, as executor, promptly has n amounts of $100,000 and upward. ow V&lla (] skilled mwstlgdton look into the estate, determine the Notes $100 to $1,000 street’s mind is whether Busin s s w\mhl) m the great |;|m 1 o last twelve i point he” evis | change. prohably due to uneasiness or | Le week's opera- | the Part of a large short interest lest | negotiations should be suddenly ini- tlated for u settlement in the Ruhr. The latest ac regarding French business and financial conditions are | e | not at all bright. The cost of living | ht is constantly increasing. and French | can " that m. line | manufacturers, on account of the low- | ness of the franc, are unable to pro- | ure abroad pr(\]bl-r supplies of raw dence furn tlons arve c¢ i | Individual st Advance. LOW FEES value of real estate holdings, examine titles and leases PROMPT ANSWERS and see if there are any unpaid taxes on the properts EARLY CLOSINGS or mortgages agamst it. ‘They ascertain what stocks. bonds and securities are part of the estate, and how ISHANNO & LUCHS} much these are worth. All claims against zlu estate 713 14th St Main 2345 compared : changes are t and in inswtunces have ulted in a decline. | In other wo ~ uftention has | amount- | been foour . to only 000 ind | s | France has Lad to turn to England| and Czechoslovakia and pay extrava- ! gant prices for what 1s stil totally | insufficient supply. In the meantime the French budget deficlency is to| v iucreased taxation, | ssues of Fren chich will aimost ..b'.\ \\r(ng fresh inflation Poaition of Mark Improves. and all outstanding accounts are looked up 813 15th St. N.W. M. 2430 This is just the beginning of an executor's duties Do you know of any individual with the time or exper tence to perform such a task? Every Banking Serzic GILTEDGE SECURITIES COMMERCIAI 7% First Mortgage Notes - 3 % ON SAVINGS l“\ | ston of rrpural(('ns } | second, that the Reie tar been successtul in its efforts to ‘..mxdm ‘x’t: n:}:r‘;l(‘“(; face 'ff th p:;x:‘_ I BQ‘OR?YWIB"S." INVESTIGATE <F: 3w y_ During the last month note | ‘fur-ulm on has risen nearly 1,200,- 000,000 marks, yet, with no help other | than a $50,000,000 gold loan, tha| | Relchsbank, with its supporting meas- | Some people s, has been able to make the dol- il 1™ he * absolt in Germany worth 21,000 marks | U sy whereas {n the middle of Febru- | [l| With which the WEAT PREES HHER [GREAT MOUSTRAL {2 DURING PRESENT WEEK ACTWVY REVEALED Secured on Improved D. C. Real Estate Appraised by Experts of 35 Years’ Experience Without 4 Loss ercg in Denominations of $250 and Up A Good Investment. WILL PURCHASE First and Second Trust Notes if Warehouse Receipts, and Make Construction Loans || National Mortgage & Investment Corporation|| 811 Vermont Avenue N.W. i T'RUST | il conducts Iff| 2re tooki ( “other i 15th and Penna. Ave. the unt Capital and Surplus, $5,400,000.00 ceal you can th e i fully they European Demand Has Raised | Commerce Depanmem Reports‘ Value of All Grains in Mar- | Show Iron and Steel Business | { | i HOME WilhamB.W | 7th and Mass. Ave SAVINGS BRANCHES Sth and H Sts. N.E. kets in United States. Especially Good. figures on February Lusiness 4 . —Europea: de- | received by the Department mand for whe 1 the past few da tended to 1ift the value of all grains| great activity in indv Lere, with t prices aver-|in iron and steel. Un age highe week ago. The|the United States Steel Cornc Thrift and Progres: If you have money to invest, we can safely | | WHEN 8 sum of money is invested wheat mar ie greater part of | increased to 7,283,969 tons, the high- Bl.ce it &“ gilt-edge first | in our First Mortgage Notes, the #i0 wencic moved est since January, 1921. Locomotive ||| D* ortgages. Our progress of thrift is constant and {65 Ahielagay bk shipments were slightly less than ir record of 30 years insures tead; Th inc; is al yorth £ 118% to 1 January, but unfilled orders reac your protection. Courte- L Y-d the fil;en:upnl is vivays w:rtl{, par, and the return is constan trading betweer a new high record at 2,20, equ ous treatment. pared with a wee wheat prices | ten months’ output at the Jan Percy H Russell CO. in income-producing power. Thus your investment has the su- S e 4 net gain of |rate of shipment. The value ..r b S.W. Cor. 15th & “K” Sts. preme characteristic of safety. Our 1% to 13, corn was Y% to %ak " pigher, oats were up lak to %, and provisions_ranged from I cents de- Shrumey. lear : °-{3;.,',,\ e { nas been | ntionto" e’ the' " dominint Factne First Mortgage 6% Notes are secured e e e by Washington improved property They are direct first llens against the real estate, and our clients have the sat- isfaction of dealing with an institution whose reputation extends over fifty- three years without loss to an investor. raw materfals wera falling £hort conditio 1 s proceeding b s . able rate, the department wmount of [ French parllament has sou ance the budget by the to cover the a diminishe Jx the sudde o (of Canaiii ' First ‘Mortgage Loans surprise. Lowest Rates of Interest and Commisston, | Tiberal rai Prompt Acth tions of th xluer & &.omp.ny Inc, L'E)A' 'NS$ ' sections ir but not sufficient to affect the market to any great extent Corn and oats have been rather dull We make builders loans, B e e P Gardiner & Dent lave been reported scarce at the in- | Fpetais” oot homessy SloD: O oal rarlor points, making receipts light. els. - “No broser. & | nc. A material decreasa in stocks of i d let us of late, Selling p corn_were x-. L.m our method of making small Main 4884 hedging bu: Reserve supplics of Kuropean ¢ beer tries w Plenty of It ‘ | 1 ik i F i e : Ny . - v SwartzelL Rheem&HenseyCo. ppreciate vour application. ] % o ' 727 155 Street NW. prev interest rates 83 Years Without Loss te an Investor and nominal fees charged. brought out on <, while ag- gressive buy ting orders “HERE IS THE SOLUTION OF YOUR GREATEST PROBLEM” You naturally want to put your money to work where it will enjoy the greatest earning power w ith safety. You can do this by putting it, along ne, a2t L with the investment funds of thousands of others, in the” l‘alcnr\ l‘1ty llvy . 4 Mar. 3V o '" e NATIONAL MORTGAGE AND INVESTMENT T s | CORPORATION [ts management is in the hands of a fmup of highly successtui bankers and business men who possess recognized ability in these lines and unques tioned integrity. The company is paying 8% per annum on its preferred stock, and, in D AD 13 addition, a very substantial surplus is accruing to the credit of the common A oy . 81 April 14 FIRST MORTGAGE There is no promotion stock. 81 doetl 8 The officers and directors pay in cash for their holdings the same price S as the public. S Dividends are free from normal federal income tax. The stock is free from the intangible tax of the District of Columbia. Assets represented by money or by securities amply protected by con- Century able. In amounts of $250.00 and up. servatively appraised 1mpr0\ed income-producing real estate. L The National Mortgage and Investment Corporation paid out of earn- Without ings dividends to over 2,000 stockholders of record December 31, 1922 a Loss Take advantage of this rare opporlumlv offered by W~ d<1|ln"t0n s large=x discount banking institution and enjoy full earning power on your money with safety. Call, write or phone. lard here, coupled with a strong Bu- pean and, gave firmness to pro- Lt z:amnlx:mm’{.{.u & Tlnsoce Corporation Syatems Copyrighted & Patont Pusding. DIVIDENDS. Ktoek o7 Puy- Record able Bumhers aad Drovers’ Bank, ki INVEST sivincs Whether you have $100, $500, $1,000 or [ Mar. 30 April 2 1 more to invest, investigate our First Mortgage Loans on Washington Homes before placing vour funds. NEVER A LOSS Our conservative business methods have so perfectly protected and safeguarded the funds of our investors that not a single client has ever lost a dollar of principal or interest on any investment purchased through us. “YE specialize in conservative o Bo V. Lizht, nm' W P e yun 51 Quarter ¢ $10i——— Aprtl 2 l, Ll )‘L nd Coke “2’,‘;‘” ... April 3 April 17 pril 14 May . April 14 May il 14 May “Mar 20 April Send for Selected List We will be pleased to send you full information concerning our first mortgages and our methods of handling them. —loans in the District where they con- of a stitute the highest grade security obtain- ’rnrrhnnn e Taima Qo™ Bieel” o b . 24 April 10 alon Kalo Do, quar .27 April 2 Ask o i B. F. SAUI’ CO. = . In . 31 April 18 w;.,:'xnau Filec. " Co. “Mr. % oen 28 April 2 ’ 5 A 'fivd, R AR i nquisi The Veddas, now an almost ex- Main 2100. 1412 Eye St. N.W. Booklet tinct race of Ceylon, have two re- « markable characteristics, None of them has been known to laugh, and Ehey seem unable to tell a Le. Call, Phone or Write for It WILLIAM S. PHILLIPS First Mortgage Investments 1409 New York Ave. Main 4600 Convenient Denominations HUGHES FINANCE CORPORATION 1418 Eye St. N.W. Washington, D. C. Telephones Main 853-854-3317