Evening Star Newspaper, July 1, 1923, Page 30

. new $10 000 000 Corporauon Jlm o Suppl Funds for Building in r Capital—Street Railway Earnings Com- pared—Unlisted Organization, of the Real Estate, Mortgage and Guaranty Corpotration, ‘with $10,000,000 capitalization, headed by L. E. Breuninger, to be devoted to ‘furnishing funds toward the ‘up- bullding of Washington, has been completed® and the firm will begin fumctioning tomorrow In temporary offices on the second flgor of the Institute of Economics building, 26 Jackson place. The capitalization of the company has been split up equally into $5.000,- 000 of common stock and a like amount of 8 per cent cumulative pre- ferred stock. The corporation will purchase mortgage notes secured on improved real estate and conduct busi- nese {ncident thereul: 'r?e \-‘tu:ly‘::a ine ng lation of ashington cr?'l‘l:l‘ a demlnd for additional houses was instrumental in the form ing of the organization, It was said, in_ order that the prop clal assistance be furaished l.n lhe build- ers of such homes, who find it neces- &ary to convert their deferred pur- Chase money notes Into capital to carry on their business. A representative body of local Business men are affiliated with the institution. Roy L. Neuhauser, vice ident of the Citizens' Savings nk, is also vice president of the ompany, 86 is Thomas Somer- ville, who heads the company that bears his name, In addition to being preaident of the Park Savings Bank and a director in both the Federal- American National and the Citizens Bavings banks. Gen. Anton Stephan, gemeral manager of Dulin & Martin, has been named treasurer. Gen. Stephan Is also president of the Merchants and Manufacturers’ Asso- clation, and commanding general of the National Guard of the District. Directors_of the institution in ad- dition to the officers mentioned above follow: Fred Drew, president Fred Drew Company, Inc., and director of the Citizens’ Savings Bank; T. C Dulln, secretary and treasurer of Dulin’ & Martin, and director of the Federal-American Natlonal Bank; Donald Woodward, president of ‘Woodward & Lothroyp and director of the Washington Loan and . Trust Company: Sol Lansburgh, president Lansburgh & Brother; Samuel Mil- ler, president of Samuel Miller & Co.; Edward C. Ernst, electrical cony Willlam Muehleisen, H. Edmonds, director of Con- tinental Trust Company and _the Fidelity Savings Bank: _Andrew er, president A. Loffler Provision Company, Inc, and director of Ldn- eoln National Bank; Henry L. Breun- inger, architect and buflder, and Hay- den Johnson, director of the Mount Vernon Savings Bank. Mr. Johnson is also the general counsel of the in- stitution. Street Rallway Earnings. The Washington Railway and Elec- tric Company operated during the first four monghs of the calendar year at a net income of $282,296.20. an in- crease of $11,205.65 over the cor- responding four months of last year, Thlle the Capital Tractlon Company boasted a net income of $348.7 Which represents & loss of $78.541.65 over the corresponding period of 1932. A minute perusal of earnings filed by the companies with the Public Utilitles Commission hrlng! forth the following added comparison: During the period the Capital Tra Jtion Company hauled 23,047,405 pay “passengers, a decrease of 963,448 over last year, while the Washington Rallway.and Il.etrlc carried 27.310, 02¢ (including W., B. nunnnn) for an increase of “l 70! Operating _revenues of the' Wash- ington Railwey and Electric for the first four months of the year to- .34, a gain of $9,129.71, pital Traction _ revenu amounted to $1,619.5619.53 for a loss of $82,960.76 over the same period of On “the other_hand, operating ‘ex- penses of the Capital Tracti>n Com- pany, amounting to $453.617.84 for. the first four months of 1 decrease of $71,221.22 over last year, while the Washington Railway and Eleetric Company shows a gain for this item of $5.34 Total deduc- tions of the Washington Railway and Electric Company dropped §1,644.10 during the four months in question, but this item for Capital Traction rose to the extent of $5,320.47 Earnings_of the Washington Rail- way and Electric Company ageruing the Potomac Electric "Power Company do not figure in this report except when non-operating income is erned, when the lght company’s vidend {s included Detailed statistics this covering omparison follow: Comparative Income Securities Prices. a MeCoy Joins Banking Firm. Peréy B. McCoy, son of Chief Jus- tice Walter I. McCoy of the District of ~ Columbia Supreme Court, has joined the selling organization of Crane, Parris & Co., investment bankers. Mr. McCoy comes to ne, Parris & Co. from the United States Veterans' Bureau, where he was in charge of the survey of penal insti- tutions. He is a veteran of the world war and has an enviable military record, having entered the service as a private in April, 1917, and. emerged with the rank of captain In November, 1918. He seryed in France with the 129th Flelg Artiilery, 35th, Division. PERCY B. McCOY. Mr. MoCoy mander of George Washington Post, American Legion, and adjutant of th 313th Field Artillery, Officers’ Re- serve Corps. Unlisted Securities. The following latest bid and asked prices of unlisted securities are printed for the guidance of holders of these issues. They are now listed unlder Washington Stock Exchange rules. BONDS. Army apd Navy Club Bs. Commercial Club 1st Bs. Cosmos Club 48, City Club Ts. Metropolitan Bid. Asked. 85 Asacostis Bank Comm'l and Bav'gs Danl Baniing Trost & Mortgage. ‘hapin-Sacks Chapin-Sacks Chapin-Sacks 7% Citizens' Savinge glnl Departmental Bank . District Title Ins. Ca. Exchange Bank . Fraoklin Tatersntionsl Bank Park Savings Ba Potomac Savings Standard jonal Ban Washiagto: le Ins. C Washington @ase Ball Clul Woodridge & Langdon Sav'gs Bi OFFERS $5 PER SHARE FOR QVERLAND STOCK By the Associated Press. “NEW YORK, June 30.—George W. Browne of Milwaukee, Wis, has submitted an offer of $5 a share for 300,000 shares of the Willys-Over- land Company stock held by Krancs G. Caffrey a3 recelver for the Willys corporation, it was learned today. e “sow” offer. will he_conaidered by Federal Judge Knox Monday in connection with an offer of $3,000,- 000 for the entire stock of 749,866 shares of the corporation held by the recolvers, made recently by two com- mittees representing the Willys Cor- poration creditors. Both were opposed, it 1s under- stood, by Toledo interests represent- ing preferred stockholders of the bankrupt corporation; who recently obtained & temporary ‘order in the federal court in Toledo enjoining the recelvers from disposing. of ' these stocl Accounts for Local Street Railways. For four months emded April 30, 1923 and 1932, WASHINGTON RAILWAY AND ELECTRIC—ALL RAILWAYS. Passenger revenue . Other operating reven Total operating revenue Operating expenses— Way and structure Equipment Power Conduct: Traftic General operations Total Operating income .. \Nonmpcntlng incom ceraee Gross less operating expenses and taxes . 53 5 Deductions from gross income Interest on funded debt.. Interest on unfunded dgbt..... Other deductions. . Total Net income Pay passengers (including Wash- ington, Baltimore and Annapolis. B 1923. 1922 0.3 9,129.71 = 0 $17,378.38a $304,807.57 190,101.35 248,876.37 €20,936.22 1,481.42 170,698.96 $1,645,901.89 120,757.84 $1,666,659.73 $395,928.61 179,063.18 600,986.38 1,094.64 197,640.30 $1,628,642.41 123,265.68 $1,651,808.09 $401,650.54 167,895.94 “sa2193d 11,167.22 $574,991.77 $5,445.29 $280,496.07 2,184.68 10,01497 $292,695.57 $282,296.20 — $569,546.48 $282,491.37 © 4,405.49 11,669.07 $298,455.93 $271,090.55 $1,995.304 $11,205.65 . 27,210,024 26,966,226, 243,798 *Severe snowstorm January 26, 1922, caused complete tie- mot fully restored for about five.days. i ke Bareoy CAPITAL TRACTI Passenger revenue . ©Other operating revenue Equipment Power..... Conducting tnnlpomtlon . Traffic General and miscelianeou Total.... : Taxes assignable to Taliway- operations ' Total erating ingome .. lonoperating lnzoma . Gross less operating expenses and taxes ... 5 . Deductiv~s from gross incom Interest on fnuded debt.. Interest on unfunded deb Other deductions ‘Net {ncome ... +oo $463,617.8¢ N. COMPANY. 11,110.73 $1,4 “‘.lfl 23 2, 8,408.80 9,856.06 " "2 §°" ,619,519.68 $1,702,489.29 31,/ 82,900.760 $128,413.25 $12,853.024. 104,385.10 453, 138,289.55 e 528,672.55 1,683.32 135,336.01 $1,087,679.78 ' 136,959.58 $1,174,639.36 . $444,980.17 S 6.637.67 $141,366.27 108,843.88 126,653.22 631,187.61 186.69 118,840.98 $1,026,678.65 1564,437.60 $1,181,116.35 T¥ea313.08 3,466.02 $824,829.06 ' 93.433.33 93,433.: ’ 6,721.87 g % ’!. ,097.00 $96,530.33 2 ; $348,767.04 $438,308.73 vo. 23,047.405 - !“010.853 20.47 e fi.’?" Tkex:;r 1923 %0, Date on the | _.i Stock Exchange. fl’n-flmmmhnfi.u‘ " Furaisked by ‘W. B. Hibba o..mnun-mn.. : BONDS, "IUQ‘)—C and P, Tel. of Vi 6l... 4,1 DOO—AIA. and Pot. er R. and P. Teleph ll& u. IIG,CGO—CADKAI Tractfon 1st b &Mcormn'ln Gas Lt . litan R R. 1st Bj.. 3 6 7 ,000—Wash., Balt. and Annlh. 1st 6 §3,000—Wash." Gas Light gen. !:4 suo—wuh Ry. and Elec. -Wash. ‘Ry. and Elec.”gen. § 85, 200—Wuh Gu 1%s. 25,200—P- E. P. 500—Dist. of Col Paper Mfg. 6s 15,000—Rig; Realty (long) 5s. Market Cold Bllm b 10, soo-—-wnamsn Pu 2.188—Capital Tm? 4112—Washington Gas . and W, Steamboat. 4330 Wash. Ry. ‘and Blee N £363_wash. Ry and. Eles. pfd: s¢—Commerclal National Bank 71—District ‘National Bank. 1 'Arm. a 46-~Feder. 27—Libert: 51—Nat. Métropolitan Bank 380—Riggs National Bank. b554—Amer. Security and Tr! 324—Continental Trust 36—National Savings a 23—Unfon Trust .. 1,061—Mergenthaler Linoty, 1,169—Lanston Monotype 27&—§3turlly Storage Co. 420—Washington Market 3 Few New .‘ Orders—Copper| & Sales Show—Tin and Leat/ in Poor Demand. ness in the steel. market this week jwas only fair and while thie outpat was decreased spmewhat by the hot weather, producers were understood to-be catching up on their orders and were. in a better position to make prompt-delivery. The number of or- :{ders on the books, however, are large UNLISTED DIPAI‘I‘!E\'I‘. 50—American Com. and Savings Bank. 30—Banking Trust and Morigage —Munsey Trust . 250—Cltizens' Savings Bank..., "\,1—Departmental Bank 46—District Title Insurance. 36—Washington Title tmunnc‘c. is second vice com-{ A T () o !IIIIIIII The chart above shows the high and low, by weeks, of forty representa- tive stocks dealt in on the New York Stock Exchange, from the first week of 1921 up to and £nclud|n§ 0 trials and. outline curve 20 rails. the past week. Solld curve represents 20 indus- wer section indicates volume of sales of all stocks. Averages used are those compiled by the Wall Stréet Journal. —————————ee e MILLS TO DISBURSE $640,000 DIVIDENDS v;mm South Carolina Plants An- .. nounce Payments Due in Few Days. By the Assoclated Press. " GREENVILLE, .S. ‘C., June 30.— Greenville Cottoh Mills, a group of fourteen different plants, will pay out $640,476.10 in semi-annual and quar- terly dividends on July 1 to 10, ac- cording to announcementw coming to. day from the various managements. ANDERSON, 8. C.. June 30. terly and semi-annuai dividend: able .in the near future have been declared' by six of the cotton mills in this vicinity sggregating $151.000 it was learned today. - Divigend uar- clared fhclude: Gluck )fllls, 5 ber cent on $450,000 dlvidend, $22,500. Riverside M! per cent on *$100,00 y Mill 0’ 00 preferred; tota $800,000" com- mon; total, Brogon Mills, 2 per cent- uulrtlrly on $1,321,600; to- tal, $26,000. - GILLETTE RAZOR OFF 32 POINTS IN WEEK Stook Drops 54 From High of Year, | sai ‘' Curb Market Review Shows." By the Associated Press. NEW_ YORK, June 30.—Operations pnltha New York Curb, lllru( in the t. week were -governed to a great :xtent byytha yarious movements on T 8 included ‘accounts in which tocks also were carried. Sorc ln“m ection with the i in_connectio Safety Razor, -which fo! in Gillettd from “The- hl:h record (or 3 stock: ‘was 203. the *yem¥" s Lossds in Othor - {ssues wers more|ing moderate; -ranging : generally from one to nine-points, butith brought same_down 3o 8, | struction work points. um stocks moved in an unner nen'nlly. Inn -ln Gl 'k whi -muumau BUSINESS N SOUTH REPORTED HEALTHY Sounder. for Slowing Down; "Richmond Reserve Bank Report Says. By the Associated Press, RICHMOND, Va., June 30.—Although crops have been retarded by -un- favorable weather conditions and the labor ‘situation continued serious throughout the district, “the general estimate appears to be that the busi- ness structure is. sounder for the slowing down apd its effects,” the Federal Reserve Bank of Richmond declaresin its monthly review of business, industrial and agricultural conditions in tl th federal reserve district, made Tubllu today. Member banNs reported a reduc- tion of credit operations dllflllt lhl month, ‘the review sald. Savings d. poeits and member banks’ cash in vaults and investments increased, ‘while debits -to individual aecounts ained 7 per.cent in comparison with "Tga demand for 1abor continues strong, el l:(llly for farm workers men for road, street, d o!her mn-(r‘l ion work,” t t on. “(3 d ong lh;‘ e tendency am empl & 4gAInSt each other for the avi bl “Forkers “The uxm mills are receiving few forward orders, hu( Lh'y have lufl- clent ly to them running consumption by textile mills during May reached almost record -figures, the number of bales having been ex- ceeded only once previously and !ha Arh dlflrlot'.onlumed full of the month's total. “Official crop feports state that the cottor ¢rop in South Carolina is far below the crop avérage in condition, but the crop is considerably above t! average In North Qmunl and Vir- e “Tobacco in" South Clflzlllu‘~ is mak- normal The crop is late, r; but over- however,-and the plants are much_ of. this may ‘come by good Tssuance of permits -for new com- during the past two montl Dopnnment store sales showed nln of,10.6 per cept over the same month fast year. Unseasonably cool weather was héld responsible for the serfous curtall- 13 nmer m.rnhmdll! and as these insure fnactivity for some time to come, no disposition to ‘feduce prices was showr and the mar- ket' tone is distinctly -uuf Pig iron wag a lttle more active in s directions but generally demand was not urgent and prices in some cases were reduced 50 cents:per ton. In copper there has been no im- provement in demand and the ton is easler owing partly to the d clines in London, which suggest less- sixty days. announcement of & reduction in prices for copper and brass products was accom-:nied b ports of & continued slov. consum: In' dlmlnd 1t is stated in some quar- ters that there has been a falling off in meltings. Exports for May, exclu- sive of shipments to Canada, were 34,519 tons, or the smallest since Feb- ruary. Tin was easier owing to anticipa. tion of unfavorable monthly statistics, an indifterent consuming demand and suggestions of weakness in Singapore. Lead was aftected by the sagging trend in London and the west. Con- sumers are well provided for, check- Infi new buying. nc steady with little selling pres- sure for early shipment. Some pro- ducers are already cutting produstion ¥ have continued“to accumu- is quieter as the advances asked hl\\, ‘hecked business. nvx STOCK MARKETS. - E, Md., June 30 (Spe ¢hal)—With the exception of calv the live cattle market rules steady under a good demand for top grade stock, receipts of this sort being only moderate but ample of ommon to rdinary cattle. Quotatlons today at Light street wh Beef cattle, first qnl.llly, 1b, 8 to medium, 1b., 6 to 7. Bulls, as to qual- ity, lb 4 to 6. Cows, choice to fancy, 15., 5 to 7; common to fair, 1b., 3% to 4.’ Oxen,’as to quality, Ib., 4 to 6. nfr. head, Ml oawa cholce (o faue head, common to Old buck 1b.7 3 to 2%. Lambs, Bows, 1b., & 10 6. ‘Stags snd Boars, Ib 410 §. Live pigs, as to size and qual- ity, 1b. 10 to 12. Shoats, Ib., § to 10. NEW YORK, June 30.—Cattle—Re. ceipts, 515 r'nnd..l:’ "‘dlldn‘ Cal .00a10. Hoga—Recelpts, 2,010 head; utudy. medium, weights, 8.00a8.35; pigs and heavy 'Wogs, 7.1508.00; roushs, 5.80a BALTIMORE PRODUCE. Special Dispatch to The Star. BALTIMORE, Md., Jun cial).—Shipment of native and near- by peris wbie goods should be to reach here not later than Tuesday Current receipts of strictly fresh native and nearby eggs have been running fair this week and under a good and constant demand desirable stock has beer- kept closely cleaned up and mlsk-t closed fitm at 24 cents shipments are 2pring chickens have been top prices under fair receipts and will continue firm until after the holiday, when values will drop. Medium to large springers will bring 45 to 52 a pound and small, 40, while leghorns have to be sold ‘at 30-to 40. Old hens co tinue steady at 21 to 25 and leghorns 18 to 20. Old roosters tiful at 13 and 14. Demand fairly Eood for spring ducks of desirable size at 28 to 30, but small sorts and old ducks are stow sale at 15 to 20. Pigeons in ample supply and easy at 2! A Pk, Rappahannock and eastern .horo Virginla new W!flflh;‘es urafig ral receipt and the ma Tules A ahade casier 2t 335 to 478 & nd 1.50 to 2.50 for No. 2s. ::g:.'w- Yo ample receipt, with de- i fnand mostly for seeding and market; | rule steady at 1.25 to 1.50 per 100 | yunds and 75 to 1.00 for No. 2 stock Perwe sacks, 160 pounds, ai mostly 2.50 to 2.75, and 150 to 1.76 for No. ative and nearby garden ! truck ' under fairly good demand the general | market. rules steady to frm at the | following quotations Asparagus, 2.50 to 3.60 doz. and 1.50 | to 2.00 for cull; Yo No. 3 stock; green ! beans, 75 to 1.25 bushel, and wax 50 to 75; lima beans, 4.00 to 4.50 bushel; beats, 400 to 6.00 a hundred; cab- , 1.85 to 1.50 basket; cucumbers, D% “basiet. Norfolk seplants, per strawberry orate; kale, 76 a bushel; - lettuce, 50 to 150 bushel; spring onions, 1.25 to 1.50 per 10 small green peas, 2.00 to 2.50 bushel nd telephones 3.00 to 3.5 .00 to 8.50 per 100: rhubarb, 2.00 to 0 per hundred; spinach, 1.50 bushe! quash, 40-to 50 basket, and tomatoe 00 per. 4-8 basket. Early June apples made their ap- pearance. on the market this k Rnd met with ready sale at .50 to 60-a barrel and 1.00 to 1.75 bushel. Cherries are in good demand at 13 to 20°& pound, and 8 huckleberries d@re bringing 20 | to 25 &’ qyart and goseberries 6 to 8 | E & pound, knd ‘Taspberries 8 to 10 pint for red and 10 to 20 for black. 'COTTONSEED OIL 0!’!‘. NEW YORK, - June- 30.—Cotton .seed , ofl ‘'was somewhat irregular, July being under pressure of quidation, ‘ward menths nhowed Y ening te: closs.' Much of th deciined steadily! 1§ FOREIGN EXCHANGE. NEW YORK, June 30.—Foreign ex- chlm during the week developed con- siderable ‘weakness. nund sterling ““',.-..""‘éd B ardottine, of mearty. b oot re] enting & e ly the but it 'BOND PRICES FIRM. o1l li‘hb Jnmp ln lttflt- day mn; £ ORK, June 30.— Bond ‘e relatively firm in today's dul\ trading’ on the New ge. Oii 85" with warrants $§ points on a comnnu"u rnover and Cerro de Pasco! 1%. Plerce Ar- Northern States apd Utah NEW o-w Yvrk 8 Marland Copper ‘8s moved uf row 8s dropped 1 Power Refunding 58 Power and - Light . Gs 1. mortgages generally moved nArrow . Lmite, & Eain of 1 Cemm Paclfic firat 4s and L% and 1%, respectively, ‘exas & Mexico bs and Seaboara Alr Line consolidated being the only outstanding changes. nited Siates government bonds woro Whoban Provement. - Hext within oint “by osses of to fractional - im. loan 48 guined a ]nolm. &nd Stato of Sao Paulo $s ad anced 1% in qulet trading in'the lore ll'oup sal 530,000, GRAIN PRICES SLUMP. CHICAGO, ‘' June 30.—BI. reports from Minnesota, North Da. kota and Saskatchewan, as well as from South Dakota, had a decided (par ;'-me) were . $5,- bullish ‘effect. on the wheat market | today. Prices closed firm at 1% fo 1% net-advance, September 1.03% to 1.03%, and December 1.08% to 1.06%: Corn finishéd at 1 cent decline . to % cent gali. Oats unchanged to % lower and provisions at a rise of § wents to 7 cents. DRY GOODS MARKET. W YORK, June 30.—Cotton goodu markets' were quiet today. lgached goods have been priced on & basis of 11% oents for unbranded lines uf 0-1 64x80s. Yarns were i n easler tendency. hoid. nens, wate, Guit ol dress linens were active, being of- fered lower by 7% per cent for fu- ture_dellvery. Burlaps wére easier jcutta and quiet in the local . Wool goods were steady. Silks were quiet- wit: raw sllk easy. Investments are placed .on the most coa- servative valuation: never has one of our clienta lost as much as a single penny in either principal or interest. We collect and remit interest the day due, furnish insured title certificates. Can accommodate investors with amounts ‘of $250 $5,000 or more, bearing 7% in- terest. “Invest in firsi mortgages aad be safe.” Chas. D. Sager M. 36 37 38 Loan Dept. } 924 14th St. (< 1,000 Miller Train Control at 1. I Will Buy 100 Units Nat. Mort. & Inv. at 115, 6 Columbia Hotel at 950 Thomas L. Hume, Broker " 1412GSt. M. 1346 Dividend Payment In the mails TODAY is a check for every holder of investment units in the in payment of the regular quarterly dividend of $2.00 per share upon preferred and $3.00 per share upon common stock (or $28.00 per year per unit). The Issue of this company will be an- nounced in the near future. These bonds will be an ideal investment for large or small. sums. Write for Booklet B. R . continues in Iiberal receipt, but ' E= for sour varfe- | +Rallroad |~ .. Money to Loan ANY AMOUNT ' . Rfluuble Charges on Trade Awe ces, - Wareh eceipts, M‘hnhm'eu Accounts,’ fiorb-‘rqrm First and. . Second Mortgages or Approved Collateral. American Finance Corporation Commercial National Bank Bd William P. Irvin {1410 G St. N.W. Phone Main 3908 3 I st deed of Frevatling thicrest. a commimion o Joseph I Gl A S A‘I'H.NTION, PLEASE Thoroughly experienced in- surance man, contrajling sub- stantial business, desires to make change, or would con- sider gartneuhip with respon- sible’ firm. mmeretal Loan & Fivane oo 211 b21 1508 'Bystem Qw!(llhud & l'lun! P-mlh:l’ Address Box 182-H, Star Office Reinvest Your '%% l Funds in t_fi FIRST MORTGAGES The Safest Security on Earth Every mortgage is less than 50% of the ready market value of the property 1. 3 2. 3. 4. Insurance Agaiust Loss. 5. Protection Against Depreciation. 6. Prompt Payment of lnlere:l. 7. Repayments of Principal in Full at Maturity. Convenient Denominations—Write or Call for Information WILLIAM S. PHILLIPS First Mortgage Investments 1409 N. Y.-Ave. NW. FOR SALE EXCHANGE Fifteen long-term seven per cent first mortgage bonds, . $1,000.00 each, in whole or part, for cash or in exchange for short-term honds or notes or any listed security. Address Box 128K, Star Office. Main 4600 NO UPS AND DOWNS No need to watch market reports or worry over financial conditions.if your money is invested in our FIRST MORTGAGES < Our mortgages are so safeguard- ed that no market fluctuations can affect th\ stability of your invest- .Over a ment. Quarter of a Century Without a Loss Secured on property in the City of Washington, these mortgages offer absolute safety for both principal and interest. Further, they bear an unusually high rate of interest for such absolute secufrity—6%4%. B. F. SAUL CO. Main 2100 1412 Eye St. N.W. Open Until 5:30 p.m. Monday, July 2d ~pen R o P TORCAY, JuY o2 When Pay Days Come No More q Ever stop to think that day by day you are growing older—that you are constantly ‘getting nearer and nearer the time when your earning powers will lapse—that your last pay day is bound to come? 5 78 q Doesn’t ordinary prudence counsel economy—intensive thrift, in fact—in order that something may be laid away now to guard against depend- ence in the future? 1 YOU know you owe it to yourself to build a savings fund—a d sized' one. Pay Day’s here—put action into your resolve and start YOUR thrift account NOW. 3% Interest Paid on Savings $1 or more wili open an account. Natlonal Metmpolltan Ba Ca[ntal Snrplus’ and Undivided Pro}if;, Over $1,700,000.00 St. Opposite U. S. T: ury—-109 Yem Old