Evening Star Newspaper, April 27, 1923, Page 29

"SUGAR GOES HGHER " o eamme JInet A1 [} FINANCIAL. ONHEAVY BUYING Candy Makers Now Ordering Supplies to Be Used Next Christmas. BY J. C. ROYLE. Frec.al Dispate s to The Star NEW YORK, April 27.—Sugar prices £HI are up. Cuban raw sugar is at €75 cents a pound, cost and freight tie high point of the year. That however, has litile meaning to casual householder, who knows ar 1goks like, tastes like and rosts in the corner grocery, but who $~ tgnorant of the different ramifica- tions of processes and guotations in the transformation from the cane to e sugar howl. he larger part of the sugar supply for the United States comes from Cuba. Last the beet sugar pro- ducers tur only about 723.000 whort Cuban crop at the sent t 4 by various €iperts hetwe 000 tons and 2.500.000 tons this year. Centrals Now & grinding of the new krarts in March and continues to the end of May. The raw cane is_cut yond carried to mills, Nhere the juice of the cane, by pr sura or other mechanical means. is nsforme Fiom which the piany instances by In"this form it i$ known as mash or \w sugar. Al the present time Rbout hal? of the 182 centrals which eperated this season have finished cperations, but the exact size of the Cuban crop will not he known until The ~ nat sar ed out The s estin vinding. centrifuga rished Sold From the transported o the st s ted his may be hought o i f. which means Cost. insura and freight paid. It may be bought « or cost and yreight paid, or d which means eluty paid or f. o free on board Whe duty into this country Avorks out to 1.7645 cents a pound Hherefore a quotation which reads #ubans new crop April shipment 6% & and £.” means that new Cuban raw ®igar for prompt shipment is selling LANEN ound in @ Cuban port awith freight paid to New Refiners Turn It totation 1 P T, promut 11 shipment, ¥ that rvaw sugar fr water hus been expelled by ntrifugal for e ship- ment this me with «ost, insur 1a. but with’ duty sti ai sig ©ents a pound Cuban Ports. the sugar ban ports where auotations fo ich is bought wditions. It in The of w with cost and o Granulated, Contrif hich the to \ pound i A ¥aw sugar means an addition of $3.20 10 each bag of the raw product, and 3he leading companies still have from £00,000 to 1.000.000 bags each to mar- Jet. The sugar ton is the long ton Br2.240. Afterward the raw sugar is refined r transformed into the granulated ate, in which form it is sold to job- ers and retailers Candy Prices Advanced. Western confectioners already have Bnnounced increased prices for candy ©f all grades as a result of the ad- Nance in suzar pr The Hawalia crop is largely ned on the Pacif coast, but litile of this sugar gets east of Missouri river Executives of the firm of Lamborn Hutchins. sugar dealers her £314 today that action by some con Jectioners in protecting themselves Yus led 1o some measure of so-called “hoarding.” For example, a candy ynaker will send his salesmen out to Make orders for next Christmas and Jn order to protect himself augainst Rdvance in the price of refined sugar ho will make purchases of raw sugar for future delivery at the current price Perhaps he will buy raw sugar at L3 t and freight when sugar is selling at 10.25 a pound. If. Jowever. granulated goes to 11 and Jaw sugar 1o 7. he will sell his raw contracts aund o balance the in- ed which ifacturing. Another Bonus on Beets. There seems little doubt, in view of that we yecent s cugar another They alr ton. bat Roneral price Tually is sold warrant it. In far advances growers of the . their have been paid ecoive more the at which the erop s sufficiently high to Montana, where the gugar content was higher, grower: it hase price of $1.30 a ton for fheir heets. T Great Western Fugar Company report just issued fowed that there was’ $1f, Narth of suzar and by-products from gha 1922 crop still on hand at the gnd of the fiscal vear February 8. Up 40 S Wash., A al) Public ployment here has filled 10 per cent mor &0 far this vear than in enonding period of 1922, acco 3 Shickds serintendent will get T 37 it Donus on 19 ady TLE. (Spe- office jobs Com- New Boat WINDSOR, Ont & A boat line from 1ot to Montreal Line on Lakes. April ind nd Del and foreign ports Will be epened as soon as navightion on the lakos _up. Two new Eteamers are heing fitted up for this gervice and will fake cargoes q 10 foreizn poris via Montreal a Yawrence poir e SLAYER ELECTROCUTED. RALBIGH. N. €. April Willie Nardison. ne today was electro- euted at the state penitentiary gor the murder of Cyrus Jones, ©Onslow county mail carrier, oiher nezroes, Frank Dove, Avilliams and Fred Dove. f the same murder, are aw cution later. —_— SHORT TERM SECURITIES, (Quotations furn hre George convicted aiting ex- dominum Co. of Amer, Luminuin Co. of Amer American Cotton I 65 103 Aonert T o o N 2 Tel. Werican Tel. & naconén Copper avanda Copper. 78 _105h Zin American 01 T3 1 {mmona. Taw. ta 1 Te). of Canada T 1925 10 ar. Argenfine Rw, ntral Leather Northin 'Tx cking Valley 6s Taine Ot e} ansas City Term. Tmnecott Copper 7 1090, Dby, leNerl & Linby Ta i6di. 1 R S N 0, 1930, ..... 10113 jon Depot 5 1065 Gnion Depat 5 Roebuck & (l'o 7 2 1\)!72 ard Oil of Calif. 78 1831.. 1043, 101 L7 Bton ¢ 108 estmghouse E. &AL 1004 gl e TREASURY CERTIFICATES. (Quotations furaished by Redmong & Co.) +s_ September 1 SSeptember 1 December 13 « March 1 s June 15 § Keptember “i3 March_ 15, June 15,1825 I8 December 15, 1925, s March 15. 1928, i< Reptember 15, 1924.1] December 15, 1927, he | i {was rather unsettled | today owing to disappointing cables, | Quotations Irregular, Due to Weather Reports and Rather Slack Demand. By the Associated Press. NEW YORK, April 27.—Cotton futures opened steady; May, 28.70; July, 27.43; October, 24.57; December, 2 January, 23.90. The market! at the opening and reports that the uffairs of one of the !largest Manchester cotton goods exporters were being liquidat- ed. Rirst prices were 34 points low er for September with later months 4 points lower to § points higher, but the tone of the market was steady and prices soon advanced on a re newal of covering by old erop shorts and buying stimulated by unfavorable | reports from the southwest. May rallied from 28.60 to 28.82, while Oc- tober sold up from 8 to 24.83, or about 17 to 23 points net higher. NEW ORLEANS, April 27.—Cotton | day. ban crop § called centrals, 1 {vids—July, Tito the form of erystals, | cember, 24.45; Ja water is expelled in | 1 force. | is from Cuba | by their iusbands, or declining to go to 1 l'mm | legal i i | i i the beet | o i the corre- i Anacostia & Potoma A s metting $5 a {ia rect { Wash St Washington | Washington | 1o | capitat | Eround that they ! Deput {to th futures opened steady. M July, 27.34; October, 2 ber. 2878:" January Private Teports of much rain in Texas and numerous complaints of its damag ffect on cotton flelds put the pri of cotton 22 to 29 points higher the first half hour of the session t A poor Liverpool was complet 1y offset by these weather accounts I May rose to 27.83 and October to 2434 NEW Decem - YORK, Apri 27.68; E . 2415, Steady. ORLEANS, April 37.—Noon hids—May, 27.67; July. 27.32; October, 24.25: December. 23.82; January, 23.70. Steady. SPECIAL DIVORCE LAWS FOR FRENCH WAR BRIDE By the Assucinted Press. { PARIS, il 2 neh women ! married to is during the war and now secking d s and restora- {tion of their French citizenship will be {provided for under a special ruling of the ministry of justice. Until now they have been classed as | women without a country. Abandoned NEW United States themselves, they have able 1o contract new marriage ties or to obtain papers giving them status. Nor would the French courts grant them divorces, on the came under other ju- ! risdiction. i Boissaro presented the matter ! other THE EVENIN W YORK CURB MARKET G Received by Private Wire Direct to The Star Office. —_— e — - BY WILLIAM F. HEFFERNAN. NEW YORK, April 27.—Announce- ment this morning of another cut of a cent a gallon in gasoline quota- tfons—the second within the week— initiated by the Standard-Qil of New Jersey, did not have the effect that night have been expected in the gen- eral curb dealings. It did bring about some reaction in the oil shares, but series of the rly well, with operations for the continuing in special stocks. nderd oils were off anywhere frem a half point to two points, with heavy selling in Standard of Indlana. The " response made Thursday by Anglo-American Oil to the favorable gs stutement for 1922 was off- the gusolipe price cut today. Humble Oil lost dver a point at one time, despite reports that the com- pany had brought in its No. 5 Powell, well in the Robertson field, with an initial flow of over 7,000 barrels a duy of 28 gravity oil. Gulf Oil, among the independents, NEW_ YORK, April 27.—Following is an offictal list of bonds and stocks traded in on the New York Curb Mar. ket today honsands 1 Allied 5 Allied 1 Alum 1 Alum 7s new ‘33 Am Cot O Gx . Am Smo& Rte B w1 A Gas & Elec 6 T Am Lt 6s w't 1 Am Sumat_Tob 5 Am Roll Mills 6 Am T & T 6s 3 Anaconda 6 1 Anaconds s Anglo Am’ Ol 68 Ar & Co of Del BALG & WIS 4 Beaverboard 8s BONDN 1 ‘ackers 6., 62 kers 8w, 72 1031, 1055, 881y 00Ty 241y war 101 Tiaw 07 Oa.. ) 2400 100% D jois, 10815 Tigs 103 Blas 90 888 81 T cit 8 Col Gr Cous T Cudahy 1 ‘ederul Sugar 6y 6s 1240 10010 4 Fish Body Co s air, Robt 7 Galena Sig Oil T 2 Grand Trunk 3 Gulr_oil 1 Hocking = Hood_ltub inistry of justice, with the re- orce law's sel sult that the id for abandon- ton provic ree ment or de N the future re- ceive wider terpretation which will tore their liberty to these women TAFTS ENDOW SCHOOL. Brother of Chief Justice Gives $275,000 to Cincinnati University. CINCINNATI. Ohio. April En- dowments totaling $275,000 have been made to the University of Cincinnati by Mr. and Mrs. Charles P. Taft of Cincinnati, it is announced by the | chairman of the board of directors of | the university. The graduate school received a endowment of $100.000. the classic uepartment an equal sum and §70.000 was given to the law school for the erection of a college of law the campus. The $75.000 ded to the money already the university, thus making building possibie The law bullding will be named | the Alphonso Taft Hall in honor of the father of William Howard Taft, | chief justice of the United States, and Charles P. Taft. i Alphonso Taft was former general of the United States, to Austria-Hungary and to Russia during the in- of President Arthur. He | f War in the| will be held by the minister minister cumbency also was Secretary refined { cabinet of President Grant R e iy Washington Stock Exchange Washinzton Wash. alto 51000 8 11wt 093, T0 at 9% 0 ar . 8 10 at e Washington { To 5t 49 Tinotrpe—10 at 164 AFTER CA, Elec. cons. 071, $2.000 at 97 Traction—3 at 99% 400 Mergenthaler Patomac $1.000 at Capital at 99%. Money—Call loan, 5 and 6 per cent BONDS Bid and Asked Prices. PUBLIC UTILITY. Bid By Amer. Tel, & Tel. cony Potomac Potomac deb. Potomac w. g m. Potomac Elec. Pow. & m. Wash., Alex. & Mt V. Wasi, Ales. & Mt. V. et Balto. & Anoaj. b . s tws. & Eloc, 8. . Ruwy. & Elee.'g. m. 6 MISCELLANEOU! Paper Mfg. fs 1y 3n (long) Wa Wasl STOCKS. PUBLIC UTILITY. American Tel. Capital Traction Washington_Gas Norfolk & Wash Wash. Rwy. & Wash. Terminal Taxi pfd... NATIONAL BANK. 215 Solumbla. Liberty Lincoln National Rz Second National TRUST COMPANY, American Sccurity and Trust.... 324 ntinental Trust . 90 Merchants' Bank ational Saviogs & Trust... Unlon Trus Wash Loan and Trust . SAVINGS BANK. Becurity Bavings and Com, Seventls Street.... United States... ‘Washington Mechanics FIRE INSURANCE. American .. TITLE INSURANCE. Columbia _Title.. o Tit MISCELLANEOUS. Merchan Mergenthaler o1 Duteh Mariet com 01d Dutch Market pfd... .. 2% 9% 11-16 | Lanston Monotype ... .. Becurity Stora Washington Yellow Cab... *Ex dlvidend. building | & 1 Maracaibo Oil 7 18 Morris Phila AP P 2 PR of N 1 Shawshoen + Nloas- Kol Salvey et Civ SOoN'Y D0 1083, 107 it R of Hay acuum Ol 25T S of Mexico 4« STANDARD OIL ISSUES 180 Avgio-Amer Oi Atluntic Lol ) Cumberiand 11 w0 Nignal O) 07K R new 200 Tmp O of Carade 6300 Tuter Pet Co, Ltd Magng 0 Vacuum Ol INDEPENDENT 0L STOCKS. . = Tudian OF ‘arih Svod 3 Gt Serv i & Cit Sery B M Creole Syod v O & T ity Pet 0 Engineers ederul 00 n Tt tand O3l Rock Oit I8 Gulf Oil of Harris Cons Pete 100 Hudson 03l 1 Humphreys i 1 Independent O & . 10 Invaders Ol of D. 160 Kesstone Ranger. . 14 Kirby Pet 10 Livngston Vet 3 Lyons Pet 4 Marland - 48 Maracaibo il 3 Mex 0l Mex Panuca . Midweat-Tox 0l % Mount_ Prod 41 Mutual Ol vor fs, > New Mex Land il Pet (R 740 9 Omar OiF & 0il_Corp 0 Beav nock ila Pt Royal Can 2 Ryan Con Salt Creek Cons Salt Creek new Santa F Sapuipa Refin aboard Ol Sonthern P & R 31 Sou States 0il 170 Texon Oil & Land 3 Texon O & L Vg - Torman Ol ....... Wilcox 011 & Gas INDUSTRIA 140 Acme Conl 40 Aeme Pack 1 Amal Leather pfd Am G & E new w e Fruit Ar Dan Mid w i 'y Borden & Co pfd. # Bridgept Mach w i 3 Brit-Am Tob Cou.. m Tob Co Re Intl Corp A 1 195 1L, 27y nddy Buds . . 11z 1 Car Light . 1 24 Collulotd Co"pta’ " 110 35 Contrit Tron Dipe. - 3 Chicago Nipple . Chic 8t Wheel pfd. eland Motor Cox Cash Ktores . Cosgrove_¥x_ Brew DL & W Coal .. Douglas Perfection Dubliler € & Radio Durant Motor ... 573 Durant ‘Mot of ‘ind 148 73 Goodyear Tire Goldwyn Dict new Heyden Chem Hydrox Corp .. Inter Cont Rubber Lupton, F M ..., Midvale Co . Mercer Motor Mesabl Tron 2 285 2 24y R 22 Shelton Looms Sou'w Bell T B0 Gk T......coo <88 Springteld By G5 "4 SR RER & FER 3 30 FRE TR Standara Motor Btutz Motor . Swift International. 2 Technical Prod ... 1 Tenn Elee Power .. 1 Timken Axle . 18 Tobaceo Prod Expts 1 Torbenson Axle .... 1 4 1 3 1 1 4 5 2 H o ] 1 1 [ 2 1 € market held up | was an exception to the general ten- dency, opening & half point above the previous close, but subsequently 10s- ing the early advance. Goodyear common continued to respond to re- ports of favorable earnings and the probability of an early retirement of part of the outstanding prior prefer- ence stock. Buying kept on in Reo Motors, while Durant of Delaware | was actively bid up across 57, against | the Thursday close of 56%. The new issue of Dupont Motor, al- though fractionally from the sub- | scription price, held firm around 7%. Hydrox Corporation went through 24 early in the day, but failed to hold the gain. A good demand appeared for the recently listed Universal Pipe common, the stock crossing 20, for a gain of over a point. The preferred, on the other hand, was off fraction- ally | The curb exchange admitted to [trading_the new issue of Federal Sugar Refining 6 per cent gold bonds. The bonds were offered for public subseription at 98 and accrued inter- est, to yield 6.25 per cent, and were quoted in the market today at 98% STAR, . WASHINGTON, NEWSPRINT OUTPUT SETS NEW RECORD 235,000 Tons Produced in March. Crude Oil Also Hits New High Mark. By the Associated Press. NEW YORK, April 27.—A new high record for news print production in the United States and Canada was set in March, when more than 235,000 | tons were produced. Shipments amounted to 1,000 tons more than production. Consumption of news print in the United States for March | was the heaviest on record, with the exception of October, 1922. March production of crude oil reach- ed the new high record of 1,810,710 barrels dafly. During the first quar- ter production was at the annual rate of more than 624,000,000 barrels, com- pared with 551,000,000 barrels in 1922, the increase being largely due to flush bid; offered, 99%;. production in the California fleld. Prices on repeat orders have been increased an average of 11 per cent over opening prices by the American Woolen Mills. Net earnings of the Cunard Steam- ship Company for the vear ending December 31, 1922, totaled $394.587, as compared with $949,771 in the preced- ing vear. LONG DELAY PREDICTED ON MILEAGE QUESTION Action of the Interstate Commerce Commission in postponing until Jan- uary 1. 1924, effective date of its or- der requiring railroads to issue 2.500- mile interchangeable coupon books at reduction of 20% from the standard rate of fare averts for time being a loss of revenue which the carriers estimated would not be less than $60.- 000,000 and might run as high at $100,000,000 annually. A permanent injunction granted by the Federal District Court at Boston against enforcement of the order wil be appealed to the Supreme Cou where a decision can probably not be had before the end of the year. Unit Prof Sh new.. 68 Unit Retail Candy. 8% t 317y Unit & 91 1 U Toiv Pipe w i . Univ Pipe pfd w i Warn Mall Cast 1 Wil Co 1x pf of dp Western Feed Western Power .. 1 Yale & Towne new 6015 Yel Taxi Corp ¥ Y 141 MINING. Alvarado Min ... Ariz_Globe Copper Big Ledge .. 0 Roston Mont Corp. IS Butte & Western. . 40 Caledonia _Min 20 Culumet & Jerome 1 Cavario Copper 0 Caudelaria Min . Chino Ext Mines. Col Emerald ... Con Cop Min te cf Comatock Tun Copper Ravge Cortex Cresson Crown Reserre Divide Extens Dolores Ex .t oz AT Croesus ... | Fortuna Mines oldfleld ~Cons oldfield Deselop oldfield Deep Siu old State ... . armill Div s Hearietta Silver ... 1111 Top Nevuda Hecla Mige ... Howe Sound : Independent Lead Iron Blossom . ‘ LWth’ D —take a chance in any invest- ment that might result’in a loss When ~there is available such secur- ities as Gilt-Edge 7 First Mortgage Notes in Amounts of $250 up to $100,000 We have on hand subject to prior sale a limited amount Certificates of titles furnished with all notes. We have never had a client lose u single penny Full particulars. i Chas. D. Sager | | 923 15th St. M. 36 | Mortgage Investments Jib Cons r Lake ... ix Mine Florence . Rex Cons ....... Richmond (opper . Warrior ida Mines t Anthony. ndstorm an 1 Snow Sitver il Kg Dy M reor ilver King Cons. Silversmith Mines . NI Continental Trust Company Teck Hughes sopal - Beimout wopsh Divide Tonoy Capital One Million Dollars 14th & H Streets ted Imp Mines aited Verde Ext.. X Continental United Zine Smelt. Taity Gold Apex End Consol uefer il Yukon Gold . WEEKLY COTTON REPORT. LIVERPOOL. April 27.—Weekly colton statistics: Total forwarded to ilix. 16.000 bales of which American, 1.000: stock, 725,000 bales: American 000: imports, 27.000 bales: Ameri- ‘1. 5.000 bales; exports, 7.000 bales: American, 4,000 bales —_— FOREIGN EXCHANG Ap; 19291 pm siations furished bs W. B. Hibbs & Co:) Nominal Selling gold value. toda: C. 48685 SN (T LT 5 S 7. per, cent.intereit charged. Come in an ‘I‘l‘ln ou.r method of making small foans. Commercial Loan & Finance Corporaf Hoom 217, 31 16th Bt. N.W, System Copyrighted & Patent Pendiag. @ e A AADAC Paris, franc ... Bruskels. franc Rerlin, inark EQUITABLE Co-Operative Building Association Organized 1879 434 YEAR COMPLETED ne $4,657,950.50 Surpl $1,180,880.91 “Save While You Have =~ the Opportunity Adopt the srstematic savings plan of the Equitable and yon will ac- e el e e Subscription for the 84th Issue of Stock Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. NW. JOHN JOY EDSON, Preaident FRANK P. REESIDE, Secy. crown crown. . crown mark. . Copenhagen, crown . Christiania. crown . Stockholm, crown . Br the Associated Pres NEW YORK, April Foreign ex- change steady; quotations (in United States dollars): Great Britain, de- mand, 4.63%: cables. 4.63%: sixty-day bills on _banks, 4.6113. France. de- | mand, .0678;: cables, .0679. ltaly, demand, .01911%, cables, .0492. Bel: gium, demand, .0587%; cables, .0588. Germany, demand, .000033%; cables, 000034, Holland, demand, .3903: ca- bles, .3906. Norway, demand, .1740. Sweden, demand, .2670. Denmark, de- mand, .1872. Switzerland, demand, 1514. Spain, demand. .1528. Greece, demand, .0i17. Poland, demand, 000021, Czechoslovakia, demand, | 7. Argentina, demand. .3600. | Brazil. demand, .1075. Montreal, | 98 1- —_— | More than 100,000 Americans are now | wearing Wigs. Of this number 75 per | cent are girls who had their hair bob- | bed and repented of it shortly after-| Where There’s a Will— There is only one way to have your will executed—and that is the way you would do it yourself. Unfortunately, wills are not always exccuted that way—for the Executor has had no experience in such matters Name the Trust Department of this Bank as co-executor in your will, and vou can be assured of the carcful administration of your estate by ex- perienced men. Second National Bank “The Bank of Utmost Service” ALEXANDER WOLF VICTOR B. DEYBER Trust Officer President 509 Seventh Street N.W. 1333 G Street N.W. FRIDAY, APRIL 27 i 1923, ‘Mo to Loan u"fi ”mdm- real estats. Joseph T. m‘?x vt “Weller {5, tection. ment. 5-Year Coupon Mortgage otes. Interest payable quar- terly at any bank or tru: pany. Conservatively secured on réal estate loans. A wonder- ful opportunity to invest with safety and get 8% Net on Your Funds Amounts of $100 Up to $5,000 Apply Mr. Kelley Capital Mortgage Co. ; 924 14th Street M. 38 1f you have money to £ on aladge irat it on uMmllcu-_ Our record of years insures your pro- Percy H. Russell Co. S.W. Cor. 15th & “K” Sts. FINANCIAL. PHIGADELPHIA, April 9, 1923, The aoaus! meefing of the stockholders of ne LANSTON MONOTYPE MACHINE COM- 'ANY will be held the Elks’ Home, corner ince and Hoy ‘clock noon on TH! . the 34 y of 7. 1923, for the purpose of electing a board directors to serve for the ensying year: of ing upon proposed amendments to Article Section 1. and Article I, Section IT of the ws, permitting any vice president. fn the nce of the pr Hficates, ete.. and creating and defining the lutien of the office of nt secret: ind (ransacting auch other business s may pro come before the meating. Transter books be closed on April 23 at 4 o'clock p.m.. will be reopened on May 8 at 10 o'clock By order of the hoard of directors. ‘W. ARTHUR SELLMAN, Secretary. 238z . C. s S treat- 38 HE A PLAN TO HELP YOU INVEST SAFELY F you cannot afford to take chances with your money— Baltimore Prices on application RAHAM. PARSONS X Co. PHILADELPHIA WASHINGTON 403 Hisss BLDG. of investments— Ozer a Quarter ’ ¢ 4’s 924.30 and 9 5’s 1936-37 of a slightest worry— Century THEN BUY OUR Without a Loss. NEw YoRrk Telephone: Main 2655 1f you want the oldest, simplest and best 1i you want to make your own investi- gation of the security you buy— 1f you want absolute safety without the FIRST MORTGAGES B. F. SAUL CO. 1412 Eye St. N.w. More Interest than Principal Y E A R S S 10 15 20 25 30 LEGEND 44,117 .87 44,000.00 o of $20 a month. HE accompanying chart shows the surprising growth, at 612% pound interest, of an invest- ment in our First Mortgage Bonds At the end of 25 years, for example: You will have invested - $6,000.00 You will have received in interest - - - - You will have accumu- lated - - - In other words, P4zl PZZdEEEN This chart shows the growth of & monthly investment of $20 wnder our Investment Sevings Plan. If you would libe to know more about this simple, safe way t0 increase the income from your savings, call, write or phome Main 6464 for our free booklet, “ Hew to Build an Inde- pendent Income. principal invested. NO LOSS TO ANY INVESTOR IN 50 YEARS ke F.H.SMITH COMPANY Founded 1873 FIRST MORTGAGE INVESTMENTS 1414.1416 EYE STREET, N. W. PAY BY CHECK WHY? ]1—Eliminates unwise spending 2—Saves time and many steps in settling bills. 3—Gives prestige to your transactions. 4—Instills respect through your association with a reputable bank. - 5—Better adjusts the responsibility in either a business or personal partnership. Accounts, with checking service, may be opened quickly with a minimum of trouble at the American Security. Every Banking Service 3 % ON SAVINGS COMMERCIAL 8,619.25 - $14,619.25 but true, the total interest received will be $2,619.25 more than the total You can invest any amount, from $10 a month upward, to earn a proportionate ' amount of interest. TRUST, 15th and Penna. Ave. Capital and. Surplus, $5,400,000.00 HOME SAVINGS BRANCHES 7th and Mass. Ave. = 8th and H Sts. N.E. 436 7th St. S.W. P