Evening Star Newspaper, July 23, 1923, Page 27

5 FIN ."-————_—.. DRY GOODS PRICES NOW BEING FIXED Opening of Spring Lines Very Important Factor in Commercial World. BY J. C. ROYLE. Specil Dispateh to The NEW YORK, July ~To wait or N0t to wait? That is the question of buying policy which will be definitely settled Jor hundreds of producers, pianufacturers, jobbers, and mer- chandisers this week. The greatest factor perhaps in determining this ! was the opening today of the 1424 spring lines of the American 2 Company and the woolen and iines of the Atlantic Price advance by both fully expected. In fact Presi- Wood of the American Woolen made plain announcement to that effect some weeks ago on his return from ISurope but the moderate the increase was @ sur- many manufacturers and concerns ext consumer Prices to be Far Reaching. The effect of the announcem Wil Le' passed t dgwn the The \CCompuny wi cpen its 1 oy suitings in the next few and will follow with vomen's dress goods. Announ other woolen cloth manufi long delayed reason to Dbelleve th it only for the first h \ving response to the Ameri Widlen announcements before ing their own prices For it will be remembered that by| 1ol £ a policy of waiting when e heavyweight season opened the 1ast the cream of the trade to the big com which was abje to withdraw its yweight suitings and over- from the market within a fter the opening. The & of goods priccs and the buying response whicl follows will bave an immediate effect on the raw Wool market. Tt will determine the i ts of manutacturers and the limit of the price they can and Will pay for raw wool. Wool Prices at Stake. American Woolen Company is w already to e covered its wool requirements fairly well prices paid, it is_understood “xcellent from the Erowers’ ““although well under the k of the year. Moreover, much of aed was bought direct wers on the ranges. thus the profits of the deale are not belleved to supplied. If there is a satls ctory response from cloth buyers, ufacturers probably will come into the raw wool market in good numbers and for excellent amoun This is expected to stiffen the ai- 4 ready strong position of the growers, Juany of whom have sold enough at & wood profit to enable them to hold the Tomainder for the price they have set. Waool buyers, meanwhile, have their bags packed to jump to the ranges from whence they were recalled six Weeks ago, when the refusal of manu- Tacturers to pay the prices demanded, d the equally firm refusal of the Gwers to shade their demand Trought about an impasse. In th buckground of any advances in ool prices is always the price level ot which it would pay manufacturers import Australian, British and South American wools into thls coun- ry nt of to uny xn Tiw The Conservative Policy Seen. joods prices also will determine to e extent the policy of the clothing inufacturer, the wholesaler and iobber and the retallers. A fair in- dication of what these policles will be will evolve from the gathering here ¢ of merchants and buyers from country for the merchan dise fair. The volume of buying done by these representatives of the vari- ous sections will show manufacturers just how the men in closest touch ith the buying public expect their customers to react to present eco- nomic conditions and future price Jevels. These merchants expressed little doubt today that a policy of extreme conservatism would be followed by wholesalers and retailers of the - wheat-growing states, and the same attitude will be taken in the south, at Jeast until the next two weeks have K ade more evident what the final u ABANDON EFFORTS | TO CUT OIL OUTPUT California Companies Now Plan- | ning for Further Huge Stor- age Facilities. | Dispatch to The Star. FRANCISCO, July 23.—Virtual abandonment of efforts by the larger il companies to check over produc- tion of oil is seen here in announce- | ments by the Standard Oil of Cali-| fornia, the General Petroleum and the Unlon Ofl Company that they| will rush completion of new storage | facilities of huge proportions in the southern California flelds. Califor- nia’s production jumped 33,000 bar- rels a day last week, the official fi ures showing an_output of ¥68,000 barrels a day. All of the increase | was in Santa Fe Springs, Huntington | Beach and Long Beach fields. The Standard will bufld immedi- ately the world's largest ofl res volr at El Segundo with a capacity of 3,000,000 barrels, and will rush work on its half completed 2,300,000 barrel reservoir. The other two companies will build a 1,000,000 bar- el reservelr immediately. * RAILROADS CUT RATES. Make Special Efforts to Get Har- vest Hands in West. Speetal Dispatch to The Star. ST. PAUL. July 23.—Specially re duced fares to the harvest hands from. the Twin eitl the head of the lakes and Sloux City, Towa, to all points in waestern Minnesota, will be put into ef- fect by the Great Northern and North. yern Pacific railroads as soon as the ap- hroval of the Interstate Commerce Com- wissfon can be obtained. Crops are maturing rapidly and there is an acute shortage of farm labor complicated by Industrial Workers of the World activi- ties In North Dakota. WANT WHITE FARMERS. Southern Business Men Hope to Offset Negro Exodus. Special Dispateh to The Star. ATLANTA, July 23.—Busluess men in districts where negro farmers have left in the largest numbers are organizing tours of the north and northwest in the tope of inducing white farmers to mi- te to the south. They will be armed with data to show that cotton lands also offer splendid opportunities for stock raieing _and can be bought at lower nrices than western acreage. . PLANT CHANGES HANDS. TUNKHANNOCK, Pa., July 23.—An- uncement is made of the sale of the unkhannock Worsted Yarn Company plant here to N. B. Brooks of Welles- ¥y, Mass., who owns several plants in ngland. The consideration was i Wash.. Alex. & M | North Dakota and F ANCIAL. | ‘ Received by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK, July 23.—The curb market was unsettled for a time today by the reduction in gasoline quotations. This led to further sell- ing of the ofl shares and other parts of the list were more or less un- settled. But after going down a Lalf point to a point the ofl stocks turned about and got back most of their loss. Standard Oil of Indiana was pressed for sale at the start and lost almost a point. Then better support was encountered and the stock rallifed. International Petro- leum and Vacuum Oil lost ground NEW YORK, July 23.—Following is an official list of bonds and stocks traded in on the New York Curb Mar- ket today: Sales in thousands. BONDS, High. BONDS. Hig) o 9215 9215 i 1003 1 Allied Packers 65, 1 Allied Packers S 1 Am Cot Ofl 6s. . 5 Am Gas & Elec 0., Am Roll Mills .. Am T & T 6s 5 Anacondus 6s ...... 101% 9 Anglo-Amer O1l 7igs. 1028 24 Arm & Co of D 5is, B8 21 Ao Sim Hd'e 6lys 951 5 Beaver Prod 7 B Steel 75 '3 ‘ous. 1 Detrolt City Gan B4 Detroit Edison 6 3 Dun Tire & Rub deral Sugar deral Sugar T Fisner Tody 6 - X 10 Hood Rubber 7x.... 4 Ke ot Copper 75 N & LT 4 Tub Serv of 10 Pub Serv El 5 Nears-Ttoeb Pow b8 dn e of ma 2 Valvorlne Ofl FOREIGN BONDS, 1 Argentina s ... 100 30 Freneh A% .- 3 King of Nether s, . 10 Nemiean Govt 68 .. 71 T Swian Govt S%s ... 0% STANDARD OIL 1SSUES 1013 Salex 1o units. 400 Anglo-Amer Ofl 10 Buckeye P L. 40 Eureka P L ..o 100 Humble 0 & R ref. 20 MITP I ek 0 Ind P L ..oo.oeee 2300 Intl Pet Co Ltd.. Magnolia Pet 1 N Y Transit 55 Pratrie Ol & 360 Prairie P L 10 South Penn O! 8100 10 1100 Vacuum Oi INDEPENDENT OIL STOCKS ndreds. 4 Burrington 1015 ring 0% 137 L 1 Cit Rers 49 Creole 2 Gulf Ol of 30 Hudson Oil 2 Interstate Ros Keystone Ran Mex Eagle . Mex Oil - 3 Mex Panuco ... 10 Midwest-Tex 01 Mount_Prod tual 0il w Brad an Noble Oil & Gas. Omar Ofl & Ped Beaver Ofl. Pennock 011 Washington Stock Exchange. SALES. Georgetown Gas 5e—3$500 at 8815, Warnington 55—$200 at 93% ref. 6s 1953—$1,000 at 10i% Washington Rws. Mergenthaler Linotspe AFTER CALL, Washington Rwy. & Elee. U060 "at T0%, $1.000 nt 0% 00 at 703, 000 at 70%. Money—Call loans. 5 and 6 per cent. BONDS. Bid and Asked Prices. PUBLIC UTILITY. B, Tel. & Telga. Tel. & Telg: s & Telga. ctl. Am; Tel. & Tel. conv. 6 ‘Andcostia & Potomac 5s. Angcostia_ & Potomac gua & P. Telephone 3 C. & P Telephone of V. \tal Traction R. R. 5s. ity and Suburban 5 corgetown Gas 1at Metropolitan H. R Amer! Americ Am, Tel Wash., Alex. & Mt. Ver. _ Ver. et Washington, Balto. & Annap. Washington Wash. Rwy. & L Wush, Rwy' & D. C. }".l s Tiggs dieaity o Ttiees Ttealty o ( Becurity Stor. & Safe IWash. Mkt. Cold Storage Wardman Park Hotel 6s. STOCKS. PUBLIC UTILITY. Amer. Tel. & Telg ipital Traction ton 4 ‘hlu'& ‘Wash, Steamboat.. . & Elec. com.. - B % Elec. pfd. ol Taxi com. NATIONAL BANK. coln Eintional Metropolitas. TRUST COMPANY. American Security and Tru Continental Trust Pchant Vetionn) Navings and lon Trust ‘ashington Loan a = BAVINGS BANK STOCKS, rce and Savings. S Washington Sav & 20 Security Sav. and Com. Baok.. 275 Seventh Bt. Savings Bank. . 8. Savings Banl ‘Washington Mechanies. FIRE INSURANCE STOCKS, Amerlean _Fire ' Insurance Corcoran Fire Insurance Firemen's Fire Insuras National Usion Fire Insus Columbla Title Insurance. Tteal Estate Title lnsurance. MISCELLANEOUS BTOCKS. Graphophone com. Mergenthaler 0ld Dutch Marks 014 Dutch Market ptd Lanston Monotype Becurity Storage Washington Market . Yellow Cab *Ex dividend. THE NEW YORK CURB MARKET Direct to The Ster Office. and the South American issues were also affected slightly. The outstanding feature in the indus. trial section was the presistent buying of Reading Coal rights at new high prices, and the new stock at 44% was up 2% points from the last previous sale, but dealings in the new Reading bonda fell off appreciably. Glen Al- den was practically neglected. Motor stocks falied to share in the improvement in this group on the stock exchange. Cleveland, at 29, was off & int. Durant, under 47, was down ractionally, while dealings in Reo were unusally small. It was reported that plants of Durant Motors produced 20, 132 cars in June. New Dominlon Copper Class A. was about the only mining stock to do any- thing, and was bid up across 3. 2 o 9 24 20 Royal Cannd 0 & R Halt Ck new. Santa Fe 0 & Sapulpa Refin . Seaboard Oil Southern P & Bou States Oll. 195 INDUSTRIALS. Acme Coal new. 322 236! 73 & Brit-Am_Tob_cou... Bkiyn City R R Buddy Buds Centritug_Iron Pipe Chicago Nipple .. Chicago Nib B Chi Bt Wheel pt Cleveland Auto Dubllier C & R. Durant Motor Eaton Axle Fed Telegraph oo Bmol 8 SRRy FERS w2 2.8 e ar a2 S Imperial Tobacco Inter Cont Rubber. Mesabl Iron Midrale Co . Y Tel Co dio Corp Radlo Corp pi Reading Coal Co rts Read Coal Co a-1. 2 Reo Motor .. Roamer Mot . “wift Tnter g Prod Exports Todd Ship Tn_Retail iy U S Lt & Heat Wasze Coal Willys Corp 1 M Relcher Ext . Butte N Y.. Butte & ario Copper - nieluria Mio os Cop Ms tem ¢s Cortez Sfiver . Cresson_Gold Crown Resers 1 toldfield Florence. . . Goldtield Jackpot Gold Ntate Independence Jerome Devel Niplsaing Ohio Cop . Ray Hercules in Rted T Florence. . 5 8o Am Gold & Spearhead Gold . ither Dev Mines. ck Hughes . oo Belmont ah Divide Market Flashes at Today’s Close Three more shipments of gold have arrived in New York. The Aquitania brought seventy-elght boxes of bar gold, valued at $2,500,000, consigned from England to J. P. Morgan & Co. and fourteen boxes, valued at $465 000, for Kuhn, Loeb & Co. The George Washington carried 100,000 gold marks, consigned by the Reichs- bank to the Equitable Trust Com- pany. Net income of the Virginia Coal and Coke Company for the second quarter of 1923 totaled $114,984, equal, after allowing for preferred dividends, to 53 cents a share on $10,000,000 com- mon stock. This is a decrease over the first quarter of this year, but an increase over the corresponding last years. Dividend declarations—Connecticut Rallway and Lighting declared the regular quarterly dividends of $1.12% # share on both the preferred and common_ stock. Pacific Mills de- Clared the regular quarterly 1% per cent dividend. Durham Hoslery de- clared the regular quarterly dividend of $1.75_a sShare on the preferred stock. New Cornella Copper declared the regular quarterly dividend of 26 cents a share. New York bank clearings. 000,000; New York bank balances, $80,000,000; New York Federal Re- serve Bank credits, $79,000,000; Bos- ton bank clearings, $48.000,000. 33 American Woolen opened spring 1924 lines at prices averaging 8 per cent above fall 1923 opening and 15 per cent abovewpring opening a year ago. President Cromwell of New York Stock Ixchange commenting on & letter of Samuel Untermyer to Basil M. Manley in which he sald he would urge federal control of stock ex- change, sald, “It i{s merely restate ment of views which Untermyer e pressed at every opportunity over a period of many years, and which the exchange has controverted whenever proper occasion arose. I see no oc- casion to add anythnig further at this time.” Hearing began today before the labor board on application of clerks on some sixty roads for wage In- creases ranging from S to 17 cents an hour. = President Fitzgerald of the clerks’ union said increases ask- ed would total $24,000,000 annually. Anaconda has reduced charges on gold and silver ores and on copper ores containing over 5 per cent cop- per to $6.50 a ton from $7.50. The 1924 model Studebaker in- cludes a number of refinements and improvements but no radical changes. Except for advances an- nounced several weeks ago prices remain unchanged. On July 1 Pennsylvania railroad stockholders totaled 139,999, the largest number at any time this year, Misplaced Confldence. From the Boston Transcript. Miserly—Well, Thomas, you have cleaned up the place in great shape. What shall I pay you? Hired Man—What's agreeable to you is agreeable to me, sir. Miserly (handing him, a quarter)— It seems to me you work awfully cheap, Thomas, but of course that’s|g none of my business. Pretty Good to Him. From the American Leglon Weekly. “Poor boy,” remarked the woman visitor to the wounded soldier in the hospital, “you must have through so! pretty tight squeeses. “Well, ma'am,” he replied, blushing uncomfortably, “the nurses here have Letu pretty good to me” ° 123.60; Ootober, EVENIXG STAR, WASHINGTON, D. BREAK IN COTTON OF $3.30 PER BALE End of Drought in Texas Main Catuise of Heavy Selling Wave in New York Market. By the Associated Press. NEW YORK, July 23.—The opening of the new boardroom of the cotton exchange today witnessed the heaviest business in many weeks, with a smash in prices that carried the level of leading positions off 60 to 70 points, or $3 to $3.50 per bale under closing prices last Friday. K’Ill Reported in Tex: A break In the Texas drought was largely responsible for the bigeselling movement, as traders believed that the crops In that state would show material improvement, with an effect that might be noted in the next gov- ernment report. 5 Considerable southwest hedge sell- ing also featured the early trading. Pressure continued after the opening, with July selling at 26.00, October at 23.07 and December 23.70, or 47 to points net lower. The best early bu ll’. was by Japanese and trade houses. New Orleans, Liverpool and the south were liberal sellers. New Orleans Prices Drop. NEW ORLEANS, July 23.—What was considered to be favorable weather over the belt and further clatms of quiet in the spot department put cotton lower today, the trading positions losing 28 to 64 points in the first hour of business. July fell to 5 a pound, and - was the weakest month; October fell to 22.16. Central and eastern portions of the belt showed up dry on the weather map, while some little rain was reported in Texas. Exporters stated that their offers to Europe were not being ac- cepted and that in some Instances European buyers were cabling back that they could buy cheaper on the other side. Later Trading Prices, NEW YORK. July 23—Cotton. fu- tures, 11:45 a.m.—Bids steady; July. 25.60; October, January, 2228 e NEW ORLEANS, July futures, 11 a.m.—Bids qulet; 22.10; December, January, 22.00; March, 04 NEW YORK, July 23—Increased selling pressure in the last hour based on reports of an easier basis in the southwest caused a renewal of the earlier weakness with July off 157 points to 24.90, and the new crop 1 to 84 points net lower, October reaching 22.76. Cotton futures closed wes 24.50 to 24.75; Octobe Dacember, 22 22.10 to 22.13; March, Cotton spot qulet; middling, 25.40. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY ST. LOUIS, July 23.—Although wheat and flour prices have tumbled. the retall price of bread remains to- day at 9 cents a pound. Bakers say this Is due to wage costs which are 100 to 200 per cent above the pre-war scale. PITTSBURGH, July 23.—With 6 per cent of the years new automo- ‘biles of the closed type, demand for plate glass has been in huge volume and buying today continues he: with prices firm. = About per cent of the plate glass now being pro. duced 18 going into automobile manu facture TULSA, Okla, July 23.—The crude oll market continues to weaken in the Oklahoma flelds, but the market for fuel oil is growing stronger; dally. ATLANTA, July 23.—The Georgia Peanut Growers’ Assoclation today announced that it had placed under contract the product of more than 100,000 acres of the 1923 crop. ST. LOUIS, July 23.—The Beach- Wichman Grain Company today is- sued an appeal to the public to pur- chase wheat as a gpeculative com- modity to help the farmer, arguing that it is always profitable to buy a basis profuct below the cost of production. ATLANTA, Jul —The gasoline consumption of Georgla for the last three months according to a state- ment by the comptroller of the state today amounted to 23.417,189 gallons, a new record for a quarterly period. CLEVELAND, July 23.—The Jordan Motor Company compieted a record year In the period ending June 30, according to a statement just issued. In that time 10,147 cars were produced, an Increase of 93 per cent over the preceding year. Sales aggregated $15,029,456. HARRISBURG, July 23.—The Penn- sylvania potato crop has been serious- | ly damaged by dry weather. In only one or two sections today is the crop; better than poor to fair. LITTLE ROCK, Ark., July 23.— There are 2,940,000 bearing peachi trees in this state this season, accord- ing to Commissfoner of Agriculture Ferguson. The peach vleld is esti- mated to be 2,400 carloads. AKRON, July 23.—Akron tire manu- facturers today reported demand was normal for this season of the year, but they are still operated on’ less than capacity schedules. The me- chanical rubber goods departments are experlencing better than normal | business. WEEK SEES COMMODITIES GAIN WITH SECURITIES By the Assoclated Press. NEW YORK, July 23.—Firmer mar- kets for both securities and com- modities have been the feature of the | past week in business and finance. In some cases, such as copper, this was attributed to the imminence of new buying movements, in others it was considered to be due to the strong! situation which norfally develops after half-year settlements have been made and July 1 dividends and in- terest payments have been distrib- uted. There was also a disposition to emphasize the disregard by the markets of what might be considered bad news, this being taken as an in- dication of the material strengthen- ing of the speculative position which was hrought about by the liquidation of the late spring. One of the encouraging events of the week was the check imposed on the decline in wheat prices. Another | factor which contributed to the more | cheerful feeling which was in evi- dence was greater optimism over the progress of the reparations negotia- tions. BUTTER IS HIGHER. CHICAGO, July 23.—Butter high- ; creamery extras, 3§%; stand- 38%; extra firsts, 36%ald7%; 35a36; seconds. 34a34l. Eggs higher, receipts, 18,568 cases; firsts, 22%a23%; ordinary firsts, 21a2l%: miscellaneous, not quoted; storage ack extras, 25; storage pack firsts, 4. PRICE OF LEAD ADVANCED. NEW YORK, July 23.—Tho American lting_and Refining Company today Bancst the price of lead from 6.00 to 6.25 cents’ per pound. A e ar , . MONDAY, JUL : SLIGHT INCREASE N GRAIN EXPORTS iCommerce Department, Re- ports Drop in Wheat, But Gain in Flour During Week. PRODUCE RECEIPTS | TOTAL 51,000 CARS Potatoes and Oranges Lead Six- Month Record in New York Markets. Special Dispatch to The Star. NEW YORK, July 2 first six months of 1 ceipts of the principal varleties fruits and vegetables on the York cfty wholesale market from all | parts of the United States were 51,011 | [uqt cars. White potatoes held among the vegetable -During the 3 the total re- of ev ain cxports from Amerd week amounted to | bushels, compared with s | bushels the week before while oranges | Ieigure il £od were the most jmporfant among the | oo 5 o Eeastilod fruits. The following are the com- | OmMe WSt Sy the (s modities, as well as the quantities, re- | lowing ¢ ns of grain exports ceived: 7,368 cars of o 3 [ for last . compared with those cars apple: cars lemons, 2763 | o (he previ cars strawberries, 09 cars gr o | S Erey fruit, 766 cars cantaloupes, 484 ! Barley, 8,000 b 1,000 3,715,000 3,61 place y by the s week b hels; corn, sats, 51,000, agpinst 665,000 Lels, against peaches, 481 cars watermelons, 000, against cars pears, 60 cars grapes, white potato T0% cars onious 000, against 2,000 W 3,686 cars lettuce; 2,888 cars of tomu inst 2,416,000; flour, toes, s cabbage, 2 [ 51 celel cars sw dian ain _ exported United S amount- WHOLESALE DRY GOODS | TRADE IS MORE ACTIVE te bt Marshall Field Review Shows | EXPENDS $52,486,510 Substantial Gains Over r | LOUISVILLE, Previous Week. Special Dispatch to T CHICAGO, July of whole ary g shows an_increase over week and was slightly the corresponding week o according to Marshall I weekly review of the dry trade. Road sales with fewer ten out showed a rked over the total for the a or_the corresponding wee The number of custon the market were practica as the week correspond Qollections for the w when compared with the a year ag FORD BEHIND ORDERS. Ky, July railr ition 10% Preferre ) ox Oifice Bldg., Company Entered June With Or- e e ders for 313,000 Cars. DETROIT. July The Motor Company r tail _deli i 201 over th vanee of p ublic offerin f 0 TUF actual OBJECT. which s of of the and trucks sold h. been g Dealer require 1 called for 313 but_production, highest rate and truc States fo up to 894,078, or 65 per cent over vear. and the %o far o con 3 pany’s state GASOLINE AT 11 CENTS. Texas Is Cause { | IRVING FISHER'S INDEX. No Change for Week in Wholesale Commodity Prices. HAVE wholes; tive purchasi piled by Prc ended Fiseal Agents Edmund J. Flynn Co Price War in . 1523 L St Two-Cent Reduct DALLAS. gasolin npanie o decrease from Accounts. ~t and \pproved fining v reductic line Seeond Col- American Finance Corporation Commereinl Nationnl Bunk Bldg. First Mortgage Loans o T = Be Nt ok she: ‘& Company, Inc. Street EQUITABLE ; Sl Co-Cperative Building Tomentarlly thecked T Association ber of pric ” ure. respe Lowest 1 Commission, NEW week 1. | Thomas J. Organized 1879 td YEAR COMPLI Aasets Surplas 81,207, The Time To Save ‘ Is Now mind Wwith th LABOR IN BIG DEMAND. Thousands of Fruit Pickers an Corn Workers Needed. Special Dispateh to The Star T. LOUIS, July 2 awaiting th district. Ric director of the United ment service, today report demand for fruit pickers men in 3 1 ROAD BIDS ASKED. ANNAPOLIS, July —Treasur of Maryland will receive bids up 12 noon August 9 for $750.000 Gen eral Construction 41 per loan of 1932 and $250,000 Baltimore-south- ern Ma; per cent’ lc o put a ave system ployme Subseription for the 85th Issue of Stock Being Recelved Skares, $2.50 Per Month EGUITABLE BUILDING 915 F St. N.W. JOUN Joy FRANK P. PSON, SIDE, President R Seey. Invest in Essential Enterprises \TOT only do you help your neighbor, i your city and your country by pur- chasing securities of an essential indus- try, but you, yourself, are benefited and safeguarded against the loss of your resources. Like every legitimate enterprise, build- ing operations in the National Capital are essential and their securities—first mortgage notes—are safe, sound invest- ments, with assurance of regular and equitable returns. Our First Mortgage Notes are secured on. essential improved real property and should appeal to you because they are -safe, offer a liberal return and are at par every day in the year. Swartzell, Rheem & Hensey Co. ol 5 727 15th Street N. W. : 54 Years Without Loss to An Investor . an ports | ,000 | ed” with | {LOUISVILE AND NASHVILLE | Our 79, First Mortgage Notes Afe carefully selected and placed on au absolute margin of snfety. The Service We Give Insureé prompt collecting and re- witting of ifferest. All detalls cau- tiously supervised, that the property ix properly cared for, adequately in- sured, taxes paid. Certified insured titles' furnished without cost. Our experlence extends over-a perlod of many years without the loss of & single penuy in either principal or interest. Notes of $250 Up to $5,000 Now on Hand Chas. D. Sager 924 14th St. NW. Main 36—Loan Dep Quotations By Radio _ Dpi{x’ at 10 o’clock from Sta- tion WIAY of Woodward & Lothrop the latest quotations will be broadcasted. Rates by gnvate wire from New York. pecial phone, Foreign Depart~ ment, M. 8222, st The Washington Loan and Trust Company 300 F Street 620 17th Streat FOR SALE—Desirable income- paying business and investment properties. Investigate some of | l our large offerings of apart ment houses and downtown busi- | ness buildings paying attractive. rates of interest. Wm. H. Saunders & Co. 1433 K Street N.W. | Kkoods _or chattels. No brokerage cl let us expialn our of making smail loans. Commercial, Loun & Finance Corporation Room 211, 921 15th St. N.W. | Aeystem Coyrighted & Patent Pending. Reputation { During the century and more that it has been doing business, this bank has built up a wide reputation for prompt, accurate and efficient service. A Metropolitan connection, there- fore, gives to individuals, firms and corporations the best that can be had in banking facilities. When are we to have the pleasure of a call from you? Organized in 1814 Cur 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 EXPERIENCE AND KNOWLEDGE O\T a legal matter, consult a lawyer—that’s his business. When you have funds to in- vest, consult us—that’s our busi- ness. Time-tested. FIRST MORTGAGES —that yield 6% per cent, in amounts of $250 and up. Quarter of a Century Without a Loss ’ B. F. SAUL CO. Main 2100 1412 Eye St. N.W. District of Columbia Intangible Property Tax District of Columbia personal tax returns must be filed by July 31st. The tax is one-half of one per cent and is computed on the fair market value as of July 1st on all taxable stocks, bonds, and other securities. It is impor- tant that the investor secure correct prices as of July Ist for the purpose of valuation. We will be pleased to furnish quotations for valuation purposes. CRANE, PARRIS & CO. Investment Bankers 823 15th St. N.W. Dean, Onativia & Co. Stock Exchange Building New York COTTON GRAINS COFFEE SUGAR STOCKS and BONDS MEMBERS New York Stock Exchange Chicago Stock Exchange N. Y. Cotton Exchange Chicago Board of Trade d 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 Assistant Manager