Evening Star Newspaper, May 25, 1923, Page 29

. SEES HiGH PRICES » o EXPERT ON COTTON E. S. Butler Says Planters Will Get Big Returns—O0ther Business News. BY J. C. ROYLE. Epecial Dispatch to The Star. NEW YORK, May 25.—"There is no cause for thé government or any one cise 1o adopt a policy of deflation,” lldward S Butler, president of the cotton firm of Weatherford Crump & 'o. and of Orleans Cotton Jixchange, said today. “Business Is in a healthy condition all over the coun- try, and the present slowing down of wholesale and retail trade, reported in rome scattered sections, is but tempo- rary “Arrangements have been made al- ready to finance this year's crop move- ment, banks everywhere are full of money, there is no sign of overexpan- sfon anywhere and labor is fully em- ployead.’ Mr. Butler the New attributed the curtail- ment of the production at some of the New England textile mills to lack of supplies of raw cotton rather than to « falling off in business. Sees High Cotton Prices. “This outlook for the cotton crop, however, is very dublous owing to un- favorable weather conditions,” he <ontinued, “but there is every {ndica- tion that’ the southern planters will Tecelve high prices for their crops.” Just what southern planters con- slder a fair price for their cotton is causing considerable speculation to- day among textile manufaocturers in other sections of the country, who ara discussing the proposed plan of J. S Wannamaker, president of the Amari- can Cotton Assoclation, to induce in- dividuals, firms and corporations to buy a bale of cotton each. This cot- ton, according to the plan which Wannamaker says will be pushed by the association, will be stored in warehouses and the certificates de- vosited in banks under receipts pro- viding the cotton was not to be sold for one, two or three years unless cotton advanced to 50 cents a pound before the cxpiration of the period named. This, Wannamaker sald, would assure a fair price to the farmer for his cotton. Cotton Famine Predicted. “The world is facing an acu cot- ton famine. Wannamaker added. 1t 18 conceded American mills will have to go on short time because of this siortage by September 10, and the foreign mills by Oczober 1. If the law supply and demaad had been pern function. _middling cotton would be selling at 60 cents today.” He as serted that cotton was being raised ] under higher wages than ever before ! and that the 50-cent level was neces Sary to hold negro labor in the fields. | Thy cotton farmers of the south- west have learned their lesson,” John T. Orr, president of the Texas farm bureau, declared today. “They are ginning to save. Orderly market- ng is making them prosperous.” Fear Effect on Labor Costs. Southern textile interests exhibited little enthusiasm today over reports. apparently well authenticated, that ienry Ford intends to locate o fabric factory in the southeast which will $upply all requirements for his anto- mobile factories. Textile engineers pointed out that as Ford uses than half the cotton drill manufac tured in America sucha plant would *0St $25,000,000, and require install tion of about 300,000 spindles. The south is actively ‘seeking to attract new cotton manufacturing plants, and offering unusual inducements in the way of nower rates and tax exemp- tions, but business men there fear Ford's minimum wage policy would demoralize @ labor situation well stabilized. = Textile experts say P #he scale of wages paid by the f Detroit manufacturer were adopted I his proposed textile plant costs would far cxceed what lie now pays for fabric' used in tops and cushion covers. Many Jooms now used to manufacture drills would have to be | allied and adapted to other purposes if Ford ceased buying from southern mills. els Prepare for Big Seasom. Summe < are in a fer. ment of activit, re preparing for a tremendous season in spite of the dold weather which has kept va 1 nd ose to steam radiatol 50 far, Advar booklngs in the - ~hore and mountain resorts have been very heavy. Proprietors declared toduy that the labor problem was becoming ucute and that they expected to call on chool teachers and c 'ge men women to a greater extent than ever before to fill their staffs of employes. 10 Closed Banks Absorbed, JEFFBRSON CITY, Mo, May 2 State officials today declared that 1,498 state banks and trust companies now haye combined resources of more than 4 billion dollars. Fifty-one banks in Migsourt have fafled in the last two ¥ '8, but thirty were reopened or ab- sorbed by other banks, so that de positors were protected. Garage Shortage Acute, % STUPAUL. May 25.—There is today and deute shortage of garages in thi «city and permits for the erection of 7 buildinge for garage purposes have been ssued in the last four months. The bulldipgs range in value usually from $2010_f $1.001 o (Copsright, 1823.) ‘COMMODITY NEW'S WIRED STAR FROM “"“ ENTIRE COUNTRY XNPW ORLEANS, May 25.—Automo- bile, déalers reported today that their bunlness for the last month has been | very’ good, but some of them feel they have accumulated stocks too heavy for the business in sight, and are notifying factories to hold up shipments. FORT WORTH, May 25.—The Texas forming districts are buying automo- biles In great numbers today. The re- port of the Parker county tax collector indfcates that $34,000 was spent for new. machjnes in that district from April 7 to May 1. Farmers purchased riuthber of ‘used cars equal to the 1ew. cars bough KANSAS CITY, Mo., May 25.—Loeal gasoline war has abated somewhat, and a1l companies have increased the price 2 cents a gallon, to 17% cents. HAMMOND, La., 2 Nirawberry scason today is prace tically at an end. A total of more than 1,700 cars has been shipped, as compafed with 1,500 last year. These hipments returned growers $4,000.- 00, an increase of $1,000,000 over the amount received in 1922, NEW, YORK, 4 —Advance of 3 cent on practically all numbers of Lnitting yarns here has not served g check demand from knit goods Fanulacturers. PAUL, May Millinery Touses today are receiving a .satis- factory amount of business and <alesmen on thie road report the out- logk for fall as very encouraging. May —The The retall trade has been slowed up by cold weather, ead of lust year. —_— USED CARS BIG PROBLEM. CLEVELAND, May 25 (Special).— “There i8 a very strong demand for motor cars throughout the country, especially those commanding a high resale price,” Edward 8. Jordan of the Jordan Motor Company said to- day. ““The sule of & new automobile today depends to a large extent upon tho? secondary warket or the ability of a dealer to sell a car a secomd time after it has been taken in trade, but still is well 1 FINANCIAL 'NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office. of | more | now | ationers in ! and | BY WILLIAM F. HEFFERNAN. NEW YORK, May 25.—Trading on the curb exchange was agaln active during the first half sesslon today, but as the day went on the market lost & good deal of its buoyancy with prices for the most part moving over & narrow range. Barly realizing sales entered the market in large guantities, which wa 4 natural sequence to Thursda sharp upturn. However, new buying and & continuance of short covering offset the early offerings. Although there was no general up- turn, operations for the rise kept on in & number of special stocks. notably in oil and miscellancous shares. In- cluded among these were Maracaibo, Keotting up to & new top for the pres- ent movement, above 32 alt Creek issues, Gulf Oil of Pennsylvania and General Petroleum. Derby Ol com- mon attracted attention, opening down a point from the previous clos- ing and declining almost a point fur- ther before support was encountered, There was nothing to account for this weakness except that profes- sional operators, thinking the stock renewed their efforts on the short side. Standard Olls were disposed to re- cede for a time, but subsequently rallied. The bellef around the street is that important interests connected with these stocks have come to take 2 more favorable view of general conditions. Profit-taking mmde [tself felt in Imperial Ofl of Canada, Btand- ard of Indiana and Prairie Oll and Gas, while on the other hand Galena Signal and South Penn OIl were sub- stantially higher. The new issue of American Stores was taken in hand and bid up to 28. Short covering continued in National Supply of Delaware and Eaton Axle. Support was again lacking in Oscelda Corporation, the stock breaking al- most another polni Announcement by several automo bile manufacturers of price advances stimulated activity in the motor group, but the movement was Ir- regular. Durant of Delaware had to absorb heavy realising sales for a time and dropped off three points, but rallied later. The action of Stutz Motor proved that the poor report for 1922, out today, hud been fully dia- counted. The company showed net sales of 32,737,218, compared with $3,071,411 in the preceding vear, and a deficit of $662,378. NEW YORK, May 25.—Following is an officlal list of bonds and stocks traded in on the New York Curb Mar- ket today BONDS High. Low. Close Cot 0l Bs... w1l " ”n Gas & Elec 8 AL WY By Sumat Tob Tis 99, 000 0% Roll Milly gs... 98T, 98l, 8R%, T&T 6 1004 100%, 1008 1 Anaconda 6 ... 101% 1018 1018 § Anaconda 7a 20 108" 10810 1 Apglo Am Ofl 100 Co of D 5} AtLG & W I8 S o8 2 Beaverhoard Sx 1 Beaverboard 8s 4 Reaver Prod 7 Can Nat By Eq 1 Cent Steel 8 ... Cit Sery s © 2 (it Serv 7s D. G Col Gr 8e part of 1 Cons Bal Slas E 6 Cons Gas 1 Cons Gas ! Fisher Body 6s 20 Pisher Body 88 Galr, Robt Guit' 0il of 15 Gen Pet Bs... 3 Toterb B T 8s "2 10 Kenvecott Cop Tn. Libby, MeX & Lo 8 Lig. Wh & L re 2 Toutsville G & B Manitoba Power | 19 Nat Aeme 11 New Or Pub 4 N'Y, C &N Los C Outo’ s B Penn Power & Lt 38 3 Phila Elec 5133, Pub Ser Sears-k FOREIGN BONDS. {8 Argentina Ts '23.... 100% 100% 1003 ! 4 King of Nether 04 998 4% uow | 45U Bof Mexico dv... 433 4 48 | ! STANDARD OIL ISSUES Awer 01l 15 Tobos : 15 Buckeye P'L ... 88 a0 Continental Of Gew 41 190 Crescent P L @ (umberland P 0 Eureka P L....... Galena Stgual "0 1" Nig Oi1 pta old 400 Humble o0&l o | _30 Ilioois P L ! 7m3 Tmp 0l of i Indinns ¥ L . {12400 Tnter et C | faguolin {300 Ohio Ol New' ' | 510 Prairie 011 & s, 100 Penn Mex Fuel - 1 130 prateie P L. | 10 South Pens Ul 161, H 1 10 Ga 146 { . 140 Southern P 98 |2 Slly 093 61 A4 a4 ey i § O Kentucky 921 801, 92y 9500 8 O N Y new [0 40 383 394 108 WPenn PL.... 51 & ° 8 00 Vacuum Oil mew. .| 48% 47 47% { Sales in INDEPENDENT OIL STOCKS | bundreds 1 Ark X 1, 1 Associated 011 new. 208 0 Big lodian Oi 5 Boston Wyo Ol tu 18 Nend ervice Servive pra. Clties Serv ptd B.. Citles Serv B cfs Creole Syndicate Darby Pet ... 0& R w ¥ O&R nw w i uity Pet pfd. ineers Pet Glen Rock Ol Gi c Hudson Oil . Humphries 0il Keystone Ranger Kirby Pet .. Lafayette Oll . Lone Star Gas &6& Lone Star Gas P. Lions Pet ... 3 Maracaibo Oil Margay Ol . Mexican Ol Mountain Prod.. tual Oil_vot ofs. w Mex Tand ... Noble Ol & Gas.. . 3 New Bradford O wi Omar Ol & ¢ 3 peer Ol Corp. 3 Penn Beaver Oi 2 Pennock Oil . Phil Pet new w Royal Can O&R .. Balt Creek Cons ! Turman Ol ........ . Wilcox OiL & Gas INDUSTRIALS. Leather .... 181, Am Gas & Elec pfa 413 3 Am G & El new wi 88 i Am Drug Am Hawaiian § i Amer Stores Am Stores pew | Am Loco new w Armour & Co. i Arm & Co of | Bridgept Mach w 1 Brit-Am T Co reg. British Intl Corp A British Intl Buddy Buds . . “ampbell Sou Gentritug Trom Pine. Checker Cab Mfd A Chicago Nipple. Chi Steel Whee Cleveland Motor . Cox Cony Amal g nal m ; W Coal .. . Douglas Pectin ... Dubilier € & Radio Durant Motor ... 7 Dupont Motor . 40ston A & T 2 Fay Taxi RS Be e m 8 Glen Aldep Coal 3 Goodyear Tire ... Hudson & Man R Rt 4 Hydrox Corp ..... 1 Jmperial Tobacco.. 1 Inter Cont'l Rubber 5 Inter Con Rub new 1 Ligget Int A pfd Midvale 4 N Tatae i Nat_Bup Co of ‘Del N X Tel Copra.... Oselda Corp 1! 1 Peerless Mot 8 Prima Radio Co 19 Radio Corp. 32 Rado Corp ptd 1 Repett! Candy. 7 Rteo_ Motor . 3 Rosend Gratm Corp 080 C & I pew ... 1 Stand G & B pfd Standard Motor, 9 Stutz Motor.. Technlcal Prod ... 30 Tobacca Prod EXp.. 1% Todd Ship : T Un Pft Shar hew.. 19 Unit Retail Candy, Co... Wear Tn Shoe Mach Co T'n Shoe Meh Co pf US Lt & Heat U S Lt & Heat p Tnlversal pfd w 1. Western Teed Mfx Mall Cast MINING. Alas Brit-Colo . S Amial Zine Lead obe Cop. . Peicher Extens Blg Ledge . ! Boundary Red Min | Boston ‘Mont Corp 15 Butte & Western . Canarlo_Copper Cundeluria Min Columbla Emer: Comstock Tunnel Continental Mines. Con Cop Min tem cf Cons Nev Utal Cortes Silver Cresson Gold . Crown Reserve . Divide * E; 2 Warper 10 G 110 10 10 dfield Deep Mine Goldfield Fiorence Goldfield Jackpot Gold Coin Mining Gold State Gold Zone Harm{ll Div Henrletta Silver 5 Hill Top Nevads Hollinger . Heela Mine 5 Homestake Ext . Howe Bound .. Independence’ Le Tron Rlossam 05 Jerome Devel Jib Cons Lone Star 3 Leader Pdn. . .. Mason Valley Marsh Miny Mohican Copy National Tin . New Cornelfa. S85uaB New Do Hid on Nev Pty Iptssing Ohlo Copper ".. Premier Gold | 2 Ra % St Crolx Mine Stiver Sitver 8 S K D M reor. Silver Plek .. Snowstorm & Simon Silver Spearhesd G Success Min Teck Hughes Tono Belmont . Tonopsli Divide Tonopah Min Tnited Eastern Tnperial Mines .. Talted Verde Ext.. U 8 Cont new w i 2 Unity “Gotd, - Cerde Min Millin Wert End Conml. West End Ext J Wett Lorrain Kilver . + Lead, = 2 > PICT TR EC 1 -3 Washington Stock Exchange. BALES. American Sursty & Trust Co.—0 at 318, | Eotomac Eiectric o 1000 100, raction—2 at 988, 1 at phe Tractien: %. 10 at 98%, 10 Wash, R ton Monotype—35 at T01,. ington Gas 59—$1,000 at B4 Aoney—Call loans, 5 and 6 per BONDS. Bid and Asked Prices. PCBLIC UTILITY. Bid. od. | Amer. Tel & Teiga. 4s.... e Ve American Tel. & Tel, ety 102 Amer. Tel. & Tel. C't'l Tr. 5 98 Am. Tel. & Tel. conv. 6a...... & Potomac . Capital Traction R. City & Suburban Us. Metropolitan R. B. Potomac Electric cons. Potomac Elec, deb. Potomac Elec. Pow Pot. Elec. Power Pot. Elec. Pow. & ‘Wash., Balt, & Annap. ‘Washington Gas Us. l Wa hlnxlol Gas_ Wi . Rwy. ‘Wash. Rwy & Flec. g. m. 6s.. MISOELLANEOUS, {ggs Real 0} {m. tfia Bt e s Park Hotel 6. STOCKS. PUBLIC UTILITY. American Tel. & Telga. al Traction ‘Elec. " & Flec com. Terminal Taxi com. NATIONAL BANK, Capital Cqlumbia Commerci District Farmers FPederal-Americt Liberty . Lincoln TRUST COMPANY, American Security and Trus 07 g 1 Trust . 180 855 32 Last_Washingtos Security Savings and Com. Seventh Btreet. United States. Washington Mechani erican Columbia_ Title, Real Bstate Titl MISCELLANEOUS, Columbla Graphophoe com. Columbia Gra) pd. D. C. Paper ol Old Dutch Market ptd,. s e "llhh‘&;.\!m Market . Yell = BOSTON, May 25.—The Commercial Bulletin will say tomorrow: or less, ex: worsted woo! Carded woolen t or. The manufactyring situation, how- tvlr."‘- ems fi&nelufin’fwa bit regards cance! ns. or ex- Ports, chiefly of low wools, are "T%e foreten e steady, with - uble in the prii being IRISH TO BORROW $25,000,000 HERE New York Bankers Expect Loan to Be Well Received—Britain: Sympathetic. By the Associated Press. NEW YORK, May 26.—Although ‘Wall street bankers and heads of In- vestment houses exhibited considera- ble interest today in reports that ne- gotiations were under way for an American loan of $25,000,000 to the Irish Free State. none would indicate that his company had been approach- ed on the subject. It was pointed out, however, that such a loan was proba- ble and that there was little doubt but that Great Brita:n would display a sympathetic attitude In this matter. For obvious reasons, it was stated. i would be preferable to float the loan :n &Ms country rather than in Eng and. Bankers said they believed the Jogn, i offered 'in America. would be fa- vorably recelved hecause Ireland has no w nflated currency uable security Wall street reports were that the loan would be secured by Irish cus- toms. I | AUSTRIA REJOICES OVER MORGAN LOAN Vienna Elated at Prospect of Float- ing $25,000,000 in U. S. to Aid Country. BY WILLIAM E. NASH. By Cable to The Star and Chicage Daily News. Copyright, 1928, VIENNA, May 25.—Satisfaction reigns | throughout Vienna over the news that ithe J. P. Morgan Company of New Yorlk has agreed to float 325,000,000 worth of Austrian bonds in the United States because it is felt that with this as a preliminary the reconstruction loan will certainly prove a success. Preparations were completed today to place ‘another $13,000,000 slice of the ,same loan among domextic investors and i subscription lists will be opened on Sat- urday and Monday if not hindered by the big Vienna bank strike which is threatening the reconstruction work in Austri, Vienna financiers ure following with interest the attempt of the Hungarian government to obtain terms simllar to those granted to Austria.’ The b pression prevails that the Hungarians would Ike to secure outside aid without outside control and that they will demur about accepting the conditions laid down by the reparations commission in Payis. SEEKS BIG NOTE ISSUE. To provide funds for improvements and betterments the Chicago. Rock Island and Pacific railroad asked the Interstate Commerce Commission to- day to authorize an issue of $7.000.000 in three-vear Gl per cent notes. The company plans to deposit $11.666,000 in 4 per cent bonds as collateral WEEKLY COTTON REPORT. LI .- kly cot- ton statistics: Total forwarded to mills, 27,000 bales. of which 14,000 were American. Stock, 611,000; Ameri- can, 302,000. Imports, 6000; Ameri- o 5,000. Exports, 3,000; American 1,000. —_— BOSTON STOCK MARKET. BOSTON, May 25.—Following is a list of today's highest, lowest and closing prices for the most active stocks dealt in here: Close. Low. 2 24 Carson FUII Ml Comnor J T...... 0. Davis Datly Enst Butte . o 8 Gardrer Motor . | Frankiin i Coal ... {1nt Port Cement {Tsiand Creek ........ . le Rorale ... . > ' Neil ‘& Libby. ew Corn North Rutte 0ld_Dominion Osceala Bhoo Msch ... Awitt & Co. Trinity i = MU Centrél 2 Northeast Southwest: Northwest: FIRST-GEORGIA PEACHES ARE NOW IN MARKE1 uh(p'm..nn Too Green to Sell Well. Strawberry Prices Vary Widely. Spacial Dispatch to The Star. NEW YORK, May 25.—The season's first shipment of peaches from Georgia arrived toduy on the New York markets, but up to & late hour they remained un- sold, due to the fagt that the frult was immature. About 100 carloads of strawberries were recesived, and prices showed a very wide range, according to quality and condltion. The demand was active only for fancy berries. Sales ranged as fol- lows, per quart: Virginia, 6 to 1 Maryland, 10 to 15: fancy, 18 to 20; | North Carolina, 21; to . Blackberries brought from 10 o 20 | cents per quart. California cherries ad- vanced owing to light receipts, and boxes contuining eight pounds sold at 32.40 to luolvnr tartarians and $2.50 to $3.20 for | Toy RAILROAD MEN SEEK ADVANCE IN WAGES By the Associated Pres CHICAGO, May increases in wages to 15 cents hourly was filed befor the United States Rullroud Labor | Board yesterday by union representa- tives of 500 maintenance of way men employed by the Louisville and | Arkansas railway The Maine Central railroad and the { Bangor and Arvostook railroud. ¥. Stout. vice grand president of the | United Brotherhood of Maint of Way Employes, announced, vanced the wages of their trackmen 3 and 2 cents hourly, respectivel i The = Chicago, Burlington and | Quiney railroad withdrew a dispute linvolving 10,000 mainten of way j employes and announced that m nance foremen had been increas to $10 a month, and laborers 1 an hour. WESTERN MARYLAND RWY. HAS RECORD EARNINGS BALTIMORE, May 2i.—The ear ings statement of the Western Mar land raflway for April shows the lurgest gross earnings for any month | of the year so far. The increase over | April, 1922, was $550.260, the 1023 |figure being = $2,065.380. the figure, $1.215,129. The net income for the month $158.068. as compared with April, 182 Operating though not as muc ! The increase was $6 decrease of $18,088 in the joint rent actount and a decreis in fixed charges, as well miscellaneous operating expenses 1 —A petition for ranging from 11 el war | faci r POWER FIRMS UNITE. | New Jersey Corvoration to Serve, | { Forty-Two Cities and Towns, | MORRISTOWN. N. J., May {merger of five_corportions into | Centra] Jersey Power und Light Com pany, having an appraised valuatior of § 00 and serving 100,600 per sons in forty-two citles and munici palitics, is announced by the A. E.| Fitkin Company. a New York holding corporati | Absorbed aui tion are the Morrls and Somerset Eleciric Compa the Lakewood and Coust| Electric Company. the Toms River | Electric Company, the Water Company and the | wealth Electric Company of Summit. | J. H. Drake of Morristown will bel Vice president and general manager of the combined enterprises, with hei quarters st Boonton, N, J. CANADIAN EXPORTS UP. OTTAWA. May Canadian valued at of ‘which $25,- | 944,331 went to t nited States and | $13.607,858 to the United Kingdom.| This {s an increase of more than $20,- 000,000 over exports in April, April in | | NN annE | We desire to borrow fifty thousand dollars, | first mortgage, upon | land in Maryland, just | beyond Chevy Chase, | valued at $150,000.00. | Address, Box 341—Z, £ Continental Trust Company §i £ Capital - One Million Dollars Ei { Mth & H Streets - = LTI For Our List of 7% FIRST MORTGAGES Wo have on hand several v $3,000 loans runniog for three y At 7% Interest y tor Delivery CHAS. D. SAGER 924 14th M. Mortgages. Lo Association Organ:zed 1879 Save While You Have Opportunity. You save with the best resul adopting our systematic saving acription for the Being Recelved 915 F St. NW. JOHN JOY EDSON, Pres FRANK P, REESIDE, Seey. = Few Daya . Investments. EQUITABLE Co-Operative Building 43¢ YEAR COMPLETED $4,657,969.56 $1,180,850.91 84th Issue of Stock Shares, $2.50 Per Month EQUITABLE BUILDING | s g ]oupl;"ll.mw;fler olce invest, we can safely it on gilt-edge first the ts by plgo. Maix 6888 7 up to $7,500 sued to all our loans. For full particulars 1 Dept L 924 14th Street Main 36 and 37 Mortgage Investments Loan secured by mortgage upon two houses District. 50 Address, Box 337—1Z, —from $100_to $200—made on D. C. Real Estate. payable monthly. o erage. e Bonds so designat otherwise possess. market prices. We will be glad send you our recent WASHINGTON 405 Hiess BLDG. Telephone: Main 2655 ve on hand, realy for im- diute delivery. about thirty thousand dollars in gilt edge First Mortgage Notes in Amounts of $250 A splendid opportunity to in- certificate insurance policies is- has. D. Sager D in Edgemoor valuation. 7 per cent interest. | Commercial Loan & Finance Corp.. Room 211, 921 15th 8t. N.W. have market advantages which they would not The sale of securities to such Sinking Funds can often be accom- plished at better than view of bonds containing SinkingFund provisions. RAHAM. PARsoNs X Co. vest your funds with abso- 0 lute safety and get the maxi- mum return of interest. Title Mortgages. Our record of | 30 years insures your First Mortgage Loans Made On. Improved Properties ‘ (Including Residences) In the District of Columbia | 51/2% Interest Reasonable Annual Curtailments Required Loans for Less Than $50,000 May Be Paid in Whole or in Part at * Any Interest Period Without Charge . H. L. RUST COMPANY Loan Correspondent for the Prudential Insurance Company of America Money to Loan: First Mortgages L. W. Groomes, 1416 F St. Home Furniture LOAN ¥ 50 to 3200 on housebold geods iR 5% . C. | pro- Commerctal Loan & Finance Corperaticn Boom 311, 931 15th Bt HW. System Copyrightad & Patent Pending, 3 . 912 15th Street FIRST A MORTGAGES The Safest Security on Earth To Meet the Growing Needs of Our City A Northwest Branch At 1140 15th Street, COMMERCIAL 3% o~ sarives L I AND TRUST COMPANTY 15th and Penna. Ave. BRANCHES. 7th and Mass. Ave. N 8th and H Streets 'N.E. 436 7th Street SW. 1140 15th Street N.W. This Company Has Opened Security Storage Building TRUST JI Capital and Surplus, $5,400,000.00 . pply = We offer, subject to prior sale. a limited 'v issue of First Mortgage Real Estate Loans g at 7%, interest, secured on well xr@ch‘d, newly . constructed residential property {in Northwest 9 st Washington. Call or write us for full informa- : new tion concerning these loans. . Star . CONVENIENT DENOMINATIONS 1 s100 $250 $500 $1,000 - 1 Ask for Descriptive Booklet “S"—It's Free 1 First Mortgage Investments 15th St. at K St. NW. Main 4600 ed Banking and 2 Co-operation to Fhis bank is more than a depository for re- fund It is an institution managed by ex- perienced financial men who are at all times ready and willing to give co-operation of the helpful kind to business men A_ great many bu iness men carry com- 5 cial ¢ v s and receive the Yomx Denchits of this co-operation. We should be glad 10 welcome you among the number. Our Uptown Bank at 1333 G Street N.W. remains open an extra hour on Saturday after- noons, from 4:15 to 5:15 o'clock. . Second National Bank : “The Bank of Utmost Service” 509 Seventh Street N.W. ! 1333 G Street N.W. HOW TO BE ABSOLUTELY SAFE : IN INVESTING Avoid widely fluctuating se- curities which pay dividends or interest only under favorable con- ditions. OUR FIRST MORTGAGES A Over a p | ¥ by Quaiter —are non-fluctuating. They pay of a 6/2%. a good return, are offered Century in ‘short, convenient maturities 3 Without and are backed by over a quarter a@ Loss of a’ century of proven safct_v. = 1 B. F. SAUL CO. - Main 2100. 1412 Eye St. N.