Evening Star Newspaper, July 30, 1923, Page 25

\ FINANCIAL. FALLAUTS NOW 5 PROBLEN ing Huge Sale. 4 BY J. C. ROYLE. \ | Bpecial Dispatel to The Star. NEW YORK, July 30.—Executives of the larger automobile companies | are throwing struws on trade waters to gauge how fast the current of buy- ing will flow this fall. Feeling among manufacturers is that the bottom of the summer lull has been nearly reached. There are sporadic calls for increased shipments, but these are balanced by occusional requests to de- lay deliveries. The genenal trend for the moment neither upward’ nor downward Outside of the plungs making low- Priced cars, such as, the Ford, Chev- rolet, Overland and others, operating schedules today are averaging ‘from 75 1o 90 per cent Gf capacity, which, it should be nowed. is higher than should be expegted at this time of Year. Manufaciurers are watching reports, mnd grain prices with particular iagerest, for the larger por- tion of the ‘furmer buying takes place in the falf, Fa)l Buying 1s Problem. All are agreed that indications point fo u bLrisk business early in Augug. The chief question is how far ¢his demand will go without the SU aulation of new models. Several maKers are preparing to bring out 14w designs next month, but many will not do so. One or more of the will offer four-wheel as regular equipment, and 1 be watched closely. One of the smaller manutacturers who have turned out such a model is reported 10 have been somewhat disappointed with the®practical working out of the device. ther producer takes an op- posite nd has gone extensively {into the innovation. One veteran en- gincer and observer declared today that in the last twenty vears the American public had not fully acquainted itself with the mechanics of the brakes, and that not one driver in ten knows it his brakes are in working or- der or how to keep them so. Other en- ®ineers agree with him that the four- , Wheel brake will require a campuign of quick education, or makers will have 10 g0 back to madels which are foolproof is crop ' tand less complicated. $500 Cars Selling Well, ‘The field reports of the leading motor <companies are growing more optimistic us regards the farmers’ situation. As harvesting proceeds their susveys show that while wheat prices are low the losses on this account will be largely offset by generous vields and higher prices for other farm products, This theory substantiated to some e€xtent by the sales of the cars. of the so-called §500 clas which are going through this normaily qulet season at an unpreccdented rate. The total sales of the four leading low-priced car manu- facturers in July will approximate 250 000 cars, divided as follows: Ford, 000; Chevrolet. 40,000; Overland, 20, and Durant, 0. When these figures are compared with average monthly sales of 333,000 cars by all American manufacturers during’ the first half of 1923, it will be noted that these four companies are accounting for 80 per cent of the | business. The remaining companies two-wheel | Recelved by Private Wire BY WILLIAM F. HEFFERNAN, NEW YORK, July 30.—Selling of the oll stocks on the curb exchange con- tinudd today, and a number of new low records were established. Cities Service common reached its former low of the year. Standard of Indian: among those favored at the start, was heavily sold later and dropped to around 50%. while Wilcox was active. 1y dealt in just above its bottom prices A loss of 2% points accurred in Ohlo Ofl at one time, while others of the ofls were off anywhere from a quar- ter point to a point or more. South Penn Ofl was an exception, advancing 4 points between sales. The general price movement in other directions was again unsettled. Munsing Wear broke rather sharply NEW YORK, July 30.—Following is an offcial list of bonds and stocks traded in on the New York Curb Mar- ket today: Sales in thousands. BONDS. g - Mills 8x Auglo Am Ol Ar & Co of Del ZACG&WISS Beaverhoard_ s Reth Steel Tx '3 3 Deere & Co Detroft City Gas 2 Dun Tire & Rub Federal Sugar 8s ' Fisher Body 6s '28. Gair. Robt s en Asphall en Pet 6s . d_Trunk ulf Ol of Pa 5k, ibby MeN & L 1n 5 Lig Win Ley r ex Louis G & B 5s. Morris & Co Tias Nat Leather s New Or Puh serv s Ohto Power s B Phila_Elec 538 .. Pub Serv of N J Te Pub Serv E Ray Coal Nwift & Co 5s. Tn 0Nl 6s B 25 Tn 0il Prod fs Vacuum Ofl 7s FOREIGN BONDS. Argentina Ta_'2 100 Italian (on 5a 3815 3 King of Netherl'ds fa 10174 2 Rep of Pery 82 AL & Swiss tov Hlgn. 0y 11T S of Mexico 4 : Sates funits. STAN 1000 Anglo Am Oil obos, Fipe Line ugh Mfg. \ Continent OIl new 10 Crescent P L. 30 Camberland P Line. 35 Gal Nig Ol = 300 Humbie 0 & R new 48 ilinois Pipe Line.. 185 Imp Ol of Can 10 Ind Pips Line.. ... 300 Intl Pet Co Lid.. 190 Mag Pet . 25 XY Tranwit.. 10 Northern Pipe Li 400 Ohio Oil new. HARD OIL ISSUES 1y an &5 & South Penn 011 § 27300 870 Indiana... could be shut down to 50 per cent of | - capacity, which is far from the fact and the total output of the country oun the b, s of car units, would s be ru ng within 90 per cent of th Aaverage of the last six months Aew Service Plan Watched. The automobile companies are 100k- ing with much interest at the develop- ment of the scheme of the Detroit United railway to establish a pick-up and delivery trucking service in con- nection with electric line freight service. At many seasons of the year such a gervice can be made very use- + ful in moving stocks of parts and ma- chinery. During the peak production eriods of the last year, the Detroit Inited lines handled over ix hundred freight car loads of automobile prod- ucts a month. and, with the added service. a much greater volume of business will be offered, especlally if the trolley lines of Ohio and Indiana adopt the pian COMMODITY NEW WIRED STAR FROM ENTIRE COUNTRY CAMDEN, N. J,, July 30.—Favorable growing weather in New Jersey has resulted in drops in vegetable and truck prices. Tomatoes are plentiful at 32 a crate, a drop from $5. Sweet corn is selling at 50 per cent less than a week ago and apples are 50 cents a basket, as against $1 last week. CALEXICO, Calif, July 30.—The Imperial valley cotton crop, largest in its history, will be ready for gin- ning at least two weeks before sched- uled time. The first pickings reached . gins here today, and indications are that ginning will be under full head- \way by August 1 EAST ST. LOUIS, 111, July 30.—The Wabash Rallway estimates the Illinois wheat crop this y to be 2.000 bushels and oats 145,000,000 bushels. SPRINGFIE! LD, 11T, July 30.—A. N, Edward rge harness manufac turer of Chicago, Is investigating fac- tory eg in central Illinois in the be- lief that his workers would have bet- ter living conditions and that his f. tory could be operated to better ad- vantage in this section ST. LOUIS, July 30.-~The retail shoe business in the south and west is to- day 25 per cent better than in July last vear. Clearance sales to make room for fall und winter stocks have been especially successful. ST. PAUL, July 39.—The extensive dairy operations in southern Minne- sota are held responsible by local bankers for the fact that this saction has the second lowest farm mortgage rate in the United States. The local rate is 5 to 5% per cent, while cen- tral and northern counties have 6 to ©l% per cent rates. —— EXTENDS SHIP SERXICE. U. S. Shipping’Board to Run More Boats Out of Houston. Epecie] Dispatch to The Star. HOUSTON, July 30.—Extension of the United ' States Shipping Board service from Houston to Japan and China was announced today A total of fifteen government thips will be ,available this vear for the hand- *ling_of export business to continen- tal Europe and to the orient, ROAD REPORTS GAINS, ST. LOUIS, July 30.—Ths St. Louis Soutwestern Railway Company (Cot- ton Belt) in its annual rcpurt stutes that gross revenue to.: 1422, was $26,- 159.914, as compared with § 3 the previous vear. Wore tnan § 000 will be spent in 1923 on impro ments, the report says. VISIBLE GRAIN SUPPLY. NEW YORK, July 30.—The visible suppiy of Amefican grains shows the ollowing changes: Wheat, increased 4.048,000/ bushels, Corn, increased 82,000 bughels. Oats, decreased 219.000 hushels. . Rye, decreased 248,000 bnshels _ Barley, decreased 100,000gbushels. § {market 0 Vacuum Oil new. . | Sales INDEPENDENT in hundreds Rarrington Of] ton’ Wro b Srnd [T OIL STOCKS. 101, 80 Lo |1 £ 104 e 8400 Cit $1100 Cit Ser BB nfd ¢ 8 Creola Synd’ .. 1Derhy O & R w 1 Federal Ol . 34 Glen Rock 0il 7 Granada ONl ...... 21 Gulf Oil of Pa..l 10 Hudson 011 3 Humphreys O K Ra ette OIl . 1 Lyons Pet = Mariana @ Margay 19 Mount Prod . 83 Mutual Oil vot efa 20 Omar 011 & Gin 1 Prer 0Nl Corp 6 Ponn Reaver O Pennock Ol Rian Con It Uk Conk It Ck now.. 1 nta Fe 0 & G 2 Sapuipa Refin 13 Seaboard OIl .. 10 Southern P & R : tex ‘01 Osage 0l 19 Turman O} 23 Wilcox 0l & INDDSTRIALS. 1 Alum Mfg ptd..... 103 4 Ar & Co of Del pfd 6% 1 Atlantic Froit ... 134 2 Bridgept Mach w'i 13ty 1 Brit-Am Tob Cou.. 22 1 Rrit Int! Corp A... 4 Rkirn Clty R R. 1 Budds Buds . 8 Centrif Tron Pipe .. 1 Chi Nipple B Trust 1 Cleveland_Auto 3 D L& W Coal. & Duvilier C & Rad 4 Durant Mot .. 3 Durant Mot of Tnd. 1 Fed Telegraph ... 1Gillerta & R 0 2 10 (en Alden Coal 1 Hesden Chem -.... 1 Int Cont'l Rubber.. 2 Lucey Mfg Rug=atlE. 28 FEFEEEREET P Na38a2 werd FEEE COTTON OPENS WEEK WITH PRICES UNEVEN Several Operators Show More In- terest in Bull Side—Very Little Rain. By the Associated Pre NEW YORK, July 30.—Cotton futures opened steady; October, 21.16; December, 21. January, 20.95; March, 21.07; May, 20.97. Around 21 cent levels, at which new crop po- sitions in the cotton market were selling this morning, there seemed to be more disposition to operate on the bull side, and after a somewhat irregular opening, in which Septem- ber was 25 points lower and new crop months from 8 higher to 2 lower, the became seadfer. NEW ORLEANS, Jul futures opened steady; October, 20.46; December, 20.50; January, _ 20.52 March, 20.65; May, 20.50. Conflicting weather reports caused an unsettled condition of the market today. The early trading advances of 17 to 27 peint were made on claims that very little rain had falien over Sunday. The market later broke to levels 26 to 30 points under the close of last week, October falling to 20.15, after trading as high as 20.70. NEW YORK, July 30.—Cotton fu- tures, 11:45 a.m. bids, steady; October, 20.99: December, 20.86; January, 20. March, 20.80; May, 20.78 NEW ORLEANS. July 30.—Cotton futures, 11 a.m. bids, steady; October, 20.22; December, 20.26; January, 20:28 March, 20.35; May, 20.25. NEW ORLEANS, July 30.—Cotton futures closed steady at net advance of 10 to 19 points. October, 20.62 to 20.66; December, 20.67 to 20.69: Janu- ary, 20.70; HER‘ 20.73; May, 20.67 bid. S Spot cetten, dull and ynchanged. Sules on the 'spot, nome: to arrive, . Low middling, 21.00; middling, ; good middling, 22.60. Receipts, bajes; stock, 51,62¢ bades. 30.—Cotton YING |[ NEW YORK CURB MARKET Direct to The Star Office when ofterings fousd bids lacking. and the stock dropped almost § poin' 1o a new low. Dublil{er and Swift International were weak, the latter opening a point lower at 18. Professionals renewed their op- erations on the short side of Glen Alden Coal and depressed the stock well over & point before support was encountered. There was little or no feature in the motor section. Durant was traded in around previous quotations while Cleve- land went slightly lower. The heavy selling recently in Hill Top Nevada, subsided somewhat, but the stock falled to regain any of its loss. Gold Road annex sold at 27 against 30, the last previous sale. Weakness In the general market was felt in the riew Reading Coal issues. Realizing sales brought about a decline of almost five points in Reading Coal stock while the 5 per cent Bonds drop- ped about a point. 3 pid - 44 Reading Coal rts 4 Reading Coal w | 13 Reo Motor ... 3 Awife Intt 1, Todd Ship 10 Thread Co pfd . ¥n Pfe Shar new.. Tn Retail Candy.. U s Lt & Heat.. . Universal Pipe w i Talv Pipe pta w 1 1 o 1 1 1 MINING. 2 Alaska Brit-Colo .. 880 Belcher Extens 10 Butte X Y 7 Butte & Westers 22 Capario_Copper 10 Candelaria 5= 18 Con Cop Min te cfs 20 Cortez Silver Al 2 Cresson Gold . 15 Dolores Esper ... 10 Fortune Mines ... 40 Goldfield Develop. . 30 Goldfield Deep Min 0 Goldfield Florence. 80 Goldfield Oro .. 10 Gold R 80 Hill Top 11 Hecla Mine .. 10 Howe Sound ...... 30 Independence Lead. 7 Jetome Develop ... 2 Kerr Lake . 50 Kewsnas Minin, 10 McNamara ... m Cres Dev.. L4 % R ET unBuRan B P 338 .2,8. 532 2333 waBN333 > ud Pl 30 811" goeen s Corp 20 Bil 0 ‘orp 20 Silver Mins of Am. . 20 Stmon A 1 8o Am Gold & P 50 Spearhead Gold 20 Ruccess Mines 10 Buperstition Mines. 19 Teck Hughes 3 Tonopah Dirid 1 Tosopah Extens & Tonopah Min 30-Teolumne 20 United Eantern ... Tmperial Mines ted Verde Ext 8 Cont hew w i. The Pure Oll Company declared a quarterly dividend of 37% cents a ishare, compared with its last of 50 cents a share on the common stock. The International Harvester Company declared the regular quarterly divi- dend of $1.75 a share on the pre- ferred stock. ’ New York bank clearings, $376,000.- 000; New York bank bulances. $68.- 000000, New York Federal Heserve Bank credits, $67.000.000; Bos {bank clearings. $43.000.000 The Warner sugar refinery has re- duced refined sugar 40 poinis to 8.35. Pennsylvania Sugar Refining Com- pany reduced the price of refined sugar 55 points to 8.35. The American Sugar Refining Com- pany has reduced its estimate of the Cuban sugar crop to 3.600.000 tons against previous estimate of 3,650,000. D. A. Schulte announced Schulte Retail Stores Corporation purchased cigar department of the Fuir depart- ment store in Chicago. |BANK 107 YEARS OLD Stockholders to Get $5.25 for Shares Worth $1,200 in Pre-War Times. By the Associated Presn. VIENNA, July 30.—The Austro- Hungurian Bank, which had been the foremost central European financial institution for 107 years, ceased its existence Friday. The stockholders will get $5.25 for shares which were valued in pre- war times at about $1,200. All trace has been lost of 30,000 shares, and that proportion of the redemption fund will be taken by the govern- ment. e — BOSTON STOCK MARKET. July 30.—Following is a list of today's highest, lowest and closing prices for the most active stocks dealt in here: High. Low. Close. American Tel & Tel. Amonkeag .. Calumet & A { Carson Hill Min Connor, J T.... Copper_ Range. T NH & Sorth' Butte Pacifc Mills - Quiner St. Marrland Shoe Mach. | Shoe Mach pf. Superior & Bosion. | swie & co. 2t v ! v 3 @385 B BHEENE 2 SenEBE 2245 HaN.. b FESE FREE Walworth Waltham W Wolverine a3 FEFFTEEFE F& FEPEF §ddF § DOVER, Del, July 30.—The early apple crop in lower Delaware and the eastern shore of Maryland will be the largest since these sections became active in anrl« culture. No unsound fruit is being shipped out of the state, the dropped apples and imperfect fruit being disposed of to cider mills and apple juice factories. CALL MONEY FIRM. NEW_YORK, July 30.—Call mone; firm. High, 6; low. 5. ruling rate, 5; closing bid, 6: offered at 6 loan, 6; call loans against a ; time loans firc~.: mixed co! eral, sixty-ninety s, 5ask; four-six months. 3ab%; prime com- mercial paper, a5 FISHER'S PRICE INDEX. NEW HAVEN, Cenn., Jul; 0.— (Special).—Last week’ Dfl“l’ :"h aged 164 per cent of pre-war level. s oo S @ - ! cording to Fisher, Yale Qe::: omist. last cept- i CLOSED IN VIENNA| BUSINESS SOUND, REPORTS REVEAL Half-Year Reports Are Nearly All Cheerful—Outlook Good in Many Lines. By the Associated Press. NEW YORK, July 30.—Increased activity in many of the financtal market as the past week closed wa coupled with a renewal of bearish attacks at points where it was be- lleved that resistance might crumbl Fundamentally, conditions remain sound, and it is not belleved that the markets are going to be stampeded at this stage. Having adopted a walting attitude since the turn of the balf year, the markets, according to the best quarter, are mot likely to move very far in either direction un- til more of a line can be had on what the autumn will bring forth. The season of half-yearly earning statements meanwhile {s at hand, and almost without exception these reports mzke cheerful reading. While it 1s recognized, of course, that this is water which has flowed over the dam, the results obtained indicate that' most industries will be in good financial condition to weather rough- er water without trouble, An indication of how one industry looks at the future is contained in the announcement of an 11 per cent increase in prices by the American Woolen Company. Apparently thi company s _confident that th consuming _public will absorb th advance. The outlook for rubbe and certain of the non-ferrous metals aiso has improved. With all but three Cuban centrals through with the year's campaign It is evident that the crops will fall considerably short of the four-million-ton output of last year. Consumption is running well up_with last vear. The steel industry apparently is catching up with its unfilled orders and experts predict some price re- cevsions during the fall . e FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Jominal Seliing checks goid value. 4.8 431 oo 971 193 0 e o481 N ooools 103 108 103 London. pound Montreal. dollar Paris, trase . Rrussels, franc Rerlin, mark Rome. lira Zurich, franc drachma Madrid, peseta Yienna' crown Rudapest. crown Prague. crown By the Associated Pr. NEW YORK. July 30'—Foreign ex- chunge irregular. Quotations (in United States dollars): Great Brital demand, 4.57%; cables, 4574 sixty day bills on banks. 4.54 13-16. France, demand, .0385; cables, 058614 demand. .0434%3: cables, glum, demand, .0483; cables. Germany, demand. 000001 .000001 Holland. demand. cables, 3942 ., demand, . Sweden, demand, .2659; Denmark, de- mand, .1783; Switzerland, demand. Spain. demand, .1424; demand. 0129: Poland 000005: Czechoslovakia, demand. g Austria. demand. 000014%: Roumanie, demand. .0051%: Argentina. demand. | Brazil. demand. .1025; Monxrenl.l 23032, TODAY'S METAL MARKET. NEW YORK. July 30.—Copper steady. electrolytic spot and future 143 14%. Tin firm; 39.00, Iron steady; No 4 26.00a27.00: No. northern. 2500a 2640, No. 2 southern. 24.00a27.00. Leid. steady: spot. 6.50. Zinc firm; East St. Louls spot and nearby de- 6.3026.35. Antimo spot, NEW BOND ISSUES ~$8,000,000 TODAY by Bankers—Other Ticker- Tape Briefs. By the Associsted Press. NEW YORK, July 30.—New bond issuen totaling $8,000,000 were offer- ed today, indicating a remewal of ac- tivity on the part of investment bankers, after a perfod of dullness. | Today’s offerings more than doubled the amount offered last week. Owens Bottle Company reports net profit of $2,283,303 for the first six months of the current year as com- p"‘d‘ with ‘L’lfi.llfl for the corre- r. s e "0l Company directois have declared a quarterly dividend of 37% cents on the common stock. The com- pany had patd 50 cents a share quar- terly since June 1, 1922. Net profit of 'the Wickwire and Spencer Stdel Corporation, and the American Wire ric Corporation for_the six months ending June 30. 1923, after expense and miiscellaneous , charges, but before depreciation and | interest, was $1,506.444 as compared with $230.461 during the correspond- | ing period in 1922. ’ BUILDING TRADESMEN NEEDED IN DISTRIOT} : | Department of Labor lcparhl Acute Shortage—Conditions ! in Virginias. According to = report made today by the Department of Labor. the de- mand for semi-skilled labor in the District of Columbia at theé present time is not quite strong enoush to take care of the supply. There fis, however, an acute shortage of buil ing tradesmen, including bricklayers, tile setters and plasterers. An op- timistic outlook prevails and it is} anticipated labor will be fully em- ployed within the next sixty days. | In Virginia the supply and de- | mand of skilled and semi-skilled | labor is about equal and the excess of common labor has been consider- ably reduced. due to some colored migration and increased activity in the mines. Present indications are that no slackening in activity or employment will be made in the mext sixty day: In West Virginia the demand for I common labor is about ecual to the { [ supply. Large road construction program affords employment to, men from those mines that are closad | at the present time. A slight surplus | of skilled workmen is noticed in some | of the larger cltles. No change is! anticipatad from the »resent situa- tion durirg the next sises days MARYLAND APPLES ARE SHIPPED TO NEW YORK Special Dispateh to The Star. NEW YORK. July 30.—Peache: were in fairly heayy receipt from Georgla while New Jersey shipments { are steadily incressing fo the New York city market. Fancy large eolored frult met a moderately active | demand at slightly highsr prices. EI- ! berta and Georgia belles in six-till carrlers, containing twaatv-four | quarts, sold from $1.75 to §3.00. 1 Apples were plentiful trom New | Jersey as well as from Maryland | and Delaware. The demand wis co paratively lizht with prices gener: | lower. Fancy 2%-inch stock in bush- | el hamgcr% ld_as follows Tame RPA BUATT ana yenow tranepars ent 32 to $2.50; red Astrachan. to 32; and duchess. $1.25 to §1.5 WILL BID ON CABLES. PHILADELPHIA, July Su (Special). ghteen firms have expresscd a ngness to bid on the cabies for the new bridge across the Delaware river here. The welgnt of the cables | is 7.000 tons and they will cost, it is estimated. about $2,500.000. Bids | will be opened Auzus: 13 g Dean, Onativia & Co. Stock Exchange Building New York STOCKS and BONDS COTTON ° GRAINS COFFEE SUGAR MEMBERS New York Stock Exchange Chicago Stock Exchange Associate Members of New York Curb Association N. Y. Cotton Exchange Ch u? Board of Trade N. Y. Produce Exchange Minneapolis Chamber of ommerce WASHINGTON OFFICE: Main Floor, Woodward Building Office Open Until 5:30 P.M. Phone Main 2040 JOMN CALLAN O'LAUGHLIN Manager CHARLES R. ALLEY Assistant Manager What Are Your Guarantees? N placing your capital in our First Mortgage Notes, you select an investment surrounded by three dis- tinct and essential guarantees of safety— 1. Washington, the National Capital, free from the depressions and unrest that are so conspicuous in industrial cen- ters, is safeguarded against destruction of property and almfost inalienable from strikes and riots. 2. What might be termed the ‘“face " is found in the class of im- guaran! proved Washington ®of the mortgages. Such property includes hotels, office buildings, and private dwellings of the highest type. 3. Last, but not least, is the guarantee of our firm disposing of the notes. Our reputation of 54 years without loss to an investor is wrapped and we are always striving to maintain it. These investments are available to you at sll.timel. property itself back apartment houses up in our Mortgages - | Thomae L Eishar & Compauys fu —if PARIS BOURSE EASY. PARIS, July 30.—Prices were easy on the bourse today. Three per cent rents, 58 francs. Exchange on Lon- don, 77 francs 90 centimes. Five per cent loan. 75 francs 50 centimes. The dollar Was quoted at 17 francs 3% centimes. Genuine Service To owners in renting and managing their properties. RENTS t’s Our Business B.F. SAUL CO. Mortgage Loans 1412 Eye St. N.W. Phone Main 2100 Foreign Exchange Quotations By Radio Daily at 10 o’clock from Sta- tion WIAY of Woodward & Lothrop the latest quotations will be broadcasted. Rates by rivate wire from New York. gpedal phone, Foreign Depar¢~ ment, M. 8222 The Washington Loan and Trust Company 300 F Street 620 17th Strest QUITABLE o-Operative Building Association Organized 1579 43d YEAR COMPLETED Ansets -$4,730,762 Surplus .. $1,207,281 Avail Yourself of the Opportunity to Save rstematic saving plan of the e should be adopted. You will fhe most effective way to get aliead fnancially. | Subseription for the 85th Issue of Stock Being Received . Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, President FRAVK P. REESIDE, Seey. First Mortgage Loans| Lowest Rates of Ioterest and Commission. | Prompt Action 38 _13th_Suee: AN £ Continental Trust Comp Capital One Million Dollars 1t & H Streets ST ~ Money to Loan Secursd by first deed of trust ou real estste. Prevailing interest and -ommission. Joseph I. Weller £5,™ 5 E G y LTI #llllllllllll!lllll = bidz. First Mortgage Notes Are carefully selectml and placed om an absolute margin of safety. The Service We Give collecting and re- mitting of interest. Al details cau- Tlously supervised. that the property is properly carcd for. adeqnately in- sured. tazes paid. Certified insured Sitles formished withoat cost. Our experience extends over a period of many years without the loss of & single pensy iz either priocipal or interest. Notes of $250 Up to $5,000 Now on Hand Chas. D. Sager 924 14th St. N.W. Insures prompt o 1814, e OFFICERS: GE 0. T. BiaCoBSEN HAS. E. BRIGHT. S BSar i, BEDFORD €. LOUIS ECKLOFF 7. GALES MOORE. DIRECTOR! AN T. BRICE BROWNL PO Y, WM. T, HARLES JACOBSEN LES JoRNSON R P { AUFFMANN BRIl FRELLEY. Jr. Swartzell, Rheem & Hensey Co. 727 15th Street N. W. 54 Years Without Loss to an Investor HENRY LEONARD A. LISNER TOWNLEY A. McKEE C. Y. B. 0G N 'FINANCIA Money to Loan ANY AMOUNT Reamonable Charges on Trade Acceptances, Warehouse Receipts, Manufacturers’ Accounts, Short-Term First and Second Mortwages or Approved Col- lateral. Americar Finance Corporation Commercinl National Bank Bldg: Now Serving 42,000 Depositors Capital and Surplus $2,000,000.00 f With parking regula- tions so stringent and travel downtown other- wise hampered by con- gestion, fnany of this bank’s 42,000 depositors find it decidedly con- venient to Bank By Mail. fi No formalities attend the opening or handling of an account by mail We furnish the station- ery, self-addressed en- velopes, duplicate de- posit tickets, etc., and re- turn the latter promptly. Payday Hours For the benefit of our many departmental patrons this bank remains open until 5:30 P.M. on the Last, First, Second, 13th and 16th of each month. DIRECTORS: Woodbury Blair lllam D. Hoover Jsmes A. Buchanan Reginald S. Huidekoper- William A. H. ChurchVictor Kanffmann Walter C. Clephane Charles Minshall H. Rozier Dulany. Jr. Edmund D. Rheem Wm. E. Edmomston Frauk Stetson 1l H. Prescott Gatley Henry K. Wi National Savi T ational Savings & Trust Co. 56th Oldest Savings Depository in Washington Cor. 15th and New York Ave. Same Rate of Interest Paid on Large and Snmall Accounts OFFICERS WILLTAM D. HOOVER WOODBURY BLAIR FRANK W. STOXE FEAXE STETSON CHAS. ¢ DAVID BORNET. Asst. Trust Officer Year Don’t Wait To Invest Your F Learn now why The F. H. Smith Coempany’s Safeguarded First Mort- gage Bonds are the ideal invest- ment for you. ds They pay 614% interest and carry tax-free features which actually in- crease the yield to 75% These Bonds are offered in amounts of $1,000, $500 and $100 and can be bought either outright for cash or under our popular Investment Sav- ings Plan. Ask for Booklet S-30 : Phone Main 6464 Call or Write ke F.H.SMITH CO. Hownded I873 FIRST MORTGAGE SMITH BUILDING NO LOSS TO ANY INVESTOR IN 50 YEARS 815 FIFTEENTH ST. (T | Open Until 5:30 p.m. Tomorrow and Wednesday You Can Best peed Prosperity —by mapping oui a definite thrift program and then carrying it out to the letter. { Decide to save just so much regu- larly, and make a trip to your bank compulsory Every Payday. { The OLDEST National Bank in the District of Columbia is “finan- cial secretary” to hundreds of de- termined thrift workers, and will gladly give your money the protec- tion developed by its century of experience and large resources. ‘WM. H._SAUNDERS HERBERT T. SHANNON H. 0. SHERIDAN CHAS. G. BMITH, Jr. TUCKERMAN . WINSATT GEORGE W. WHITE 39, Interest Paid on Savings 81 or more will open an account ational Metropolitan Bank Capital, Surplus and Undivided Profits, 15th St. Opposite U. S. Over $1,700,000.00 Treasury—109 Years Old