Evening Star Newspaper, September 3, 1923, Page 25

FINANCIATL.' B BUVIG POWER | N HANDS OF LABOR American Workers Have Most Money Ever for Fill- ELMER, LET ME REAO YOu SOME OF THE SE HINTS O INTERIOR DECORATION . WE CAM GET SOME POINTERS * FOR OUR NEW HOUSE LISTCr - THE PANTED S50FA QArt BE MADE A DECORATIVE FEATURE inA LIVING ROOM WHEN 1T HAS A PLAINM WALL BEHIND IT — HERE'S ANBTH PANELED s, MIRRORS, CvmrvesE RUGS, A MCULDED PLASTER CENLING = )- ~ ORISP CHINTZ CuSHIOMS O 1T, PAIrMTED n%r::ucus PROXIMITY Ary AUBUSSON RUG O THE ROOR, ER= IWORY VAT FREreCr D. C, MONDAY, SEPTEMBER 3, 1923, BETTER OUTLODK [CONSTRUCTION IN CHICAGO FOR FALL TRAE [ STILL AT HIGH LEVEL; Summer Dullness Being! Present Rate Exvected to Be Main- " tained Until Cold Weather Thrown Aside; Serious Strike Curtails Work. Special Dwpatch to The Star. CHICAGO, September 3.—Recent surveys among the dealers in build- | ing materials in this section indicate that construction will continue with- out diminution of volume for the next, three months. Dealers expect no tes- her cold w FINANCIAL. CAR SHORTAGE HINTED. 1 I | 25 Money to Loan Secured by fieat deed of trust on real estate. Prevailing iat ommission, Prédicted Abundance of Rolling 5 Joseph 1. Weller oWath I &g 2tock Now Doubted. A lack of sufficient cars to handle | the expected freight trafic in the | coming weeks is anticipated and the American Rallway Association has notified shippers. “advising them of | the situation. The associatibn urges | that basic frelght, such &s coal, lum- ber and building materials, be put on the rails at the earliest possiple moment. The latest report on bad | order frefght cars, coming up to the | middle of August, shows 188,625 cars| Money to loan on D. C. real estate. 1st and 24 trust loans made promptly. Usual broker- age corminission. See Mr. Robertson 9 to 10 A.M.,, 4to6P.M. ing Fall Needs. Results Held Unlikely. sening of demand until . 3 X Tlin bad condition, representing 8.2 per {pufs & checit on wome outside opeta- ) "G, tHa i Tromier Ur 2,208,440 Francis A. Crawford, Inc. BY J. C. ROYLE. 1 Dispatoh to The Star. W YORK, September 3.—The buy- ing power of the American worker is higher today than at any time in the history of this country. Moreover, there is every evidence that it will be freely exercised from now and the first of the year. In the opinion of many financiers, that fact should be the surest guarantee possible for busi- ness, commereial and industrial pros- verity. The year 19 lar} e from lar Such controversies been largely of local effect and brief guration. Consequently, buying power has not been hampered by lo: wages, such as was suffered in 1 the anthracite and bituminous strike, the railroad strike and the tex- tile disputes in New England. Merchants to Ald Mimers. Bpec 3 so far has been singu- "ihe fact that the anthracite workers have suspended work is not taken as forecasting serious reduction of sales, €ven in the anthracite fields. The miners have been steadily at work | since the settlement of the 1922 dis- | pute. and merchants are prepared to | fizance them in the purchase of their needs, for the present at least The trend of wages has been ward. In addition the abolition the twelve-hour day in the steel try has added thousands kers, although' some of the old men now are finding less in their envelopes for cight hours than eived when they worked | urs. Retailers” in_ steel | s count upon_ & decidedly in- | creased business in consequence Both union leaders and large em- ploy re working earnestly to in- er still further the buying power of workers through better processe supcrier machinéry and improved methods of manazement as well s development of individual efliciency Laudx Conditions In U. S, In this conection Thoma: F. Wil- £on of Chicago, president of Wilson & Co.. who came up trom the ranks| a worker with his nds as well | with his mind, said toda i here should be a spir faction manifest as we compare the | situation in this country with other rts of the world. All the ele nts our national life should co-operate to maintain such a standard in this countr We should avoid errors or ons which would lead to a back- “tep. in favor of the best wag. rking conditions that can be d and still successfully main- business. On the other hand, hould feel the desire and obligation of returning the ful measure of service. After all is sa and done, the success of any enter- prise and its ability to maintain a |iln|;‘>l;111rl.||’d of wages and workirn condition rgely dependent gn the off ndustry and . loyulty of its i | up- i of satis- “ney, workers. Urgex Record Output. “Even from a selfish standpoint it would seem to the interest of workers : to render full service in production consistent with reason. The Ifger: the output per man the lower the cost of production and consequently the cheaper the commodity can be | 80ld. The lowering of prices of necessities adds just so much to the | ver of every dollar N wages. H £ general sales manager National ‘Cash Register Com- | pany, agreed that industrial efficien would solve many of the country's| 3 He asserted his compan adopted the slogan: “Improved | men dear, their | s product cheap. I ful Ag <e that one of the im- POTIANL Ways ot °f present ceonomie difficulties is to increase production by superior mcthods, so that high | wages may be puid while cheap goods | may be distributed.” said = Albert | Shaw, editor of the Review of Re-] views, Gompers Talks of Eficiency. Samuel Gompers, president of 1 American Federation of Labor, in | discussing efliciency said: “If all ‘em- | yloyers would but make use of the | machinery and methods available to ! all. it is almost impossible to pre- | dict the increase in national wealth | that would become availabie for dis tribution among our people.” i Wage advances probably have been | more marked in the building trades than any other line of endeavor this | Year. In predicting that reduced cost | of production would make for re duced costs of living, L. J. Horowit: yresident of the Thomson-Sterrett Cgmpany, said: “There is no doubt in | my mind that when antiquated meth- eds and machinery are replaced by | improved methods and machinery this ] will make for reduced production © As regards methods and ma- chinery employed in the building bus- iness, T know that in some lines these have not advanced since the days of Tutankhamen. and 1 hope 1 am not offending that period by ng that gome of them scem to have been in- herited from a period preceding Tut.” | James H Farley, managef of a line of chain in eighty-five cities, | declared trange as it might | &cem, wa - increased in greater Proportio south than north and middle west TRADE WITH JAPAN NOT INTERRUPTED| ‘Wheat From Seattle for Yokohama | ‘Will Be Diverted to Kobe i for Unloading. in the| i i Special Dispatch to The § ! SEATTLE, September 3.—Approxi- mately 5.000 tons of wheat are in transit from Seattle to Japan and the disaster at Yokohama will divert wheat cargoes fo Kebe, according to | Jeading wheat brokers and exporters. They said today that lighterage fa- cilities -at Kobe would make possi- Vle and even probable delivery to other points of consignment in Japan. The Japanese steamship Yokohama Maru is on her way from Seattle to Yokohama with one thousand tons of wheat consigned to Yokohama and one thousand tons to Kobe. 1 As Japan ‘has been a light buyer] of flour, no serious interruption to the export trade from Pacific north west ports to the orient is antiei- | pated ‘ LIVERPOOL COTTON, VERPOOL, September 3.—Cotton, in good demund. but business prices steady: good m#-! diing. 1611 fully ‘middling, 16.86:] widdling. 15.11; low middling, 14.83:4 0od ordinary, 14.30; ordinary. 14.01.; firtes, "'7.000 bales, including 5,4001 American. Receipts, 1,000 bales. in- cluding 100 American. Futures closed steady. Septemiber. 14.59; Octo- | 14.16; December, 13.87; January, 3 13.65; 3 Julyy | 1 £Do moder: VERY POOR CORN CROP. UTICA. N. Y., September 3. —Farm- ers in northern New York declare the last thirty vears have not produced £0 poor a vield of corn as will be haryested in some sections this fall. It {8 belfeved that not one-third of the stios will be filled. { THREATS OF STRIKE FAIL { Ginning Report Also to Be Big jto 126 i its lowest at { forced into consideration of the pror- { ress ‘of ginning because the first gin- ithe close of August and the census | ! forced maturity of plants and prem- | ature openti} — CHAIRS ANO SOFA COVERED 1N GREEN AMO WHITE ANMD OLO CHINESC CHIPPENDALE WICKER CHAIRS UPHOL STERED 1N P SiL, HERE'S. A LOVELY ONE ,ELMER " AN OLO COtFFEUSE 1S USED FOR A WRITING TABLE . THE CHAIR'S ARE FRENH famiTeD ANTIQUE 5 WiTH PETITROINT SEATS, A DCEP SMoke VALANCE OF LACE- ENMRICHE S THE MANTLC = ) THE WAY, MELEN, \VE Bfls\c’N |NVESTIGATING THOSE UMDERGROUND. GAE'GN':,F RECEINER S, THEY SEEM To BE O/K . THE COVER 15 OPERATED BY THE inz;. LEAVING BOTH HAMOS FREC To CMPTY THE ALL RIGHT! GET sore IF VOUWANT To! 1 SHoULL D THKR You O WA T To HEAR SOMETHING PRACTICAL ABOUT Te S HOUSE AFTER WALLOWING tn ALL THAT HOGWASH | On IMTERIOR DELORATING | | i NE "ears far th 0 for box tween the Pressed ar companies. car re 000,000 Unien Pacific Loans Among Coming Offerings. Factor in Trading During Present Week. ‘ ber 3.—Wall TO HURT AUGUST TRADE| few Locomotives Purchased Dur- Business Still Good in Mining Dis- ing Past Week. 5 W YORK. September 3 —Freizht trict—Coal Price Boost Un- outnumbered Yocomotives in of buying by railroads likely at Once. Week Avcordin ¢ 2 s of e¢ngines [SPESRI LIRS 89 e Sthe | were but business in freigh PHILADELPHIA. September 3.—1 0.y wie unusually brisk. Amo Sales at retal) throughout this Sec-, the orders pliced was one for tion were fully as large in Augustiy, & N Aies Prors Bhe Aere as they were for the corresponding . [ Transportation Co, month in 1922 Even the prospect of . pueific ordered 200 tank cars of 12 an anthracite strike, which was a fac- | 2 CPEEee SI0SER T Cars oF b tor throughout the month. falled to &5 o 'ty decrease materially the voiume of jl7 Ald thY business in the mine districts ek e Merchants are well stocked with! (oTK df fall clothing and expect a fine busi- (l;!ll Standara ness, although pr have been ad- vanced in some < as much as 15! = per cent above tho: of lust year. There is o wood demand for 1eathers SOME BIG BOND and shoe manufacturers are well oc cupled, especially on “style” shoes for; women. Activity in the steel and rail- 'SSUES DUE SOON road equipment plants show no signs of decreasing. Retail coal dealers express the be-, lief that there will be n immedi- | ate rise in the price of anthracite be- cause of the situation in that indus- b 1By the Assoc |changés in bond prices were some- {what mixed during last week, with & slight majority pointing upward. The volume of transuctions continued jsmall. New bond offerings totaled $44.671.800 as compared with $30.3 1900 the previous week, and fnvest- jment houses reported an increased |demund on the part of investors. | There were some rather spectacu- eptember 3 I3 in the prices of bonds gradual rise in the|that might he termed semi-specula- Iy sessions last week in the cot.|HVe-. American Cotton Oil 5's closed early sessions last week in the cot-|the week about 7 points higher and ton market and & rapid rise on the Mexican bonds moved up several it - |Doints on announcement of the re- CIDSINE SeeSlon NHED the A‘{“"“‘ e | sumption of diplomatic_relations. port on the crop by the government | Severad large bond offerings are in caueed a bulge of 35 a bale. Lowest | the offiig, notably the Argentine goy- o 3 ernment §60.000, oan and a $20, prices of the week were made on}org oo isene of Union Pacific equip- the opening session. while the high- ment trust certificates. but the exact est prices were made on the closing ;date the bond 1l be floated has not wession. At the lowest the lruding‘hefin vllm'hv.l‘fl, "Im(lmr(:\n! offerings months were 15 to 21 points under I weel “t-rflsd 00.000 rfi e Shnt the close of the preceding week, .P’Hrl g0 d notes 10 t_t”‘;' while at the highest they were 128{hociated Ofl Company at par: $10, Doints over. Prices moved IG‘?“:‘;S“’I e a range of 135 to 147 points and ' fU g _bond D ool e closed at net mains on the week of | Electiic Rallway and Light Company 108 to 113 points, October traded at, &%, {05k lo 3Eckd, [LI0 Bov cCnly & ! . 29 cents a pound At!, vement bonds of the Staton Island 24.70 at its best and closed at 24. Ak Corporation at o gicid in_ the spot department middling 2 0 61 per gained 50 points in the net results bonds of closing at 24.75 cents & pound, against 21.75 on the close of this weck las year. o _— It is generally considered that this week it must remain much of a|\WA| L STREET BANKERS weather market, with sbp';u' refer- ence to condftions over Texas, but g &t the same time the trade will be | WATCH FOREIGN NEWS ning period of the season ended with | Wheat Market, Most Susceptible to bureau will issue its flg?firel on it at | War Rumors, Advanced in the end of this week. Tivate esti- mates of the output of Texas Hns} Last Trading. run high. because the drouth of the earlier part of August caused ‘""c"'“y.\‘*gv:f‘?:)';afl;‘;&tm WO bolls. 1t Cis uu-l.,mu banRers expressed mated that private forecasts of gin-y lian military oper- ning will have much to do with the | CefR over the g‘ snalgorssagar et week's fluctuations in prices ationg against Greece and a e 5 are carefully séanned fer latest de- velopments. HIGHER MILK PRICES. | “Fbfesional speculators for the de- cline. attempted Saturday to bring about a reaction in steck prices, us- Dealers to Boost Charges ifa Pitts-|ing the Greco-Ttalian rituation. and " | the suspension of hard coal- mining burgh After September. 133 excuses, but they met with only + partial success. the récessions in ac- Spreial Piwpatch to The Star. tive industrial and railroad rhares PITTSBURGH, September 3.—Pitts-{ generally being limited to fractlons. burgh milk consumers will continue|In the bond market the Kingfom of to pay 13 cents a quart and 8 centsliss paints, but the Itallan 6ls, or- @ pint during September. But in|dinarily inactive, _Were unchaneed, October, November and December the [ with the volume of business small price will be 15 cents a quart anid| The vheat market, invariably the 9 cents a pint. In October, November | most ‘susceptible to war_ ramors, and December the farmers and dairy- [ showed advances of 1% to 2 cents a men will receive an advance of 10{ bushel. to 40 per cent. This advance will be from $3.55 a_hundredweight for No. 1 grade to $4 and less for other grades. BIG CRANBERRY CROP. Western States Expect Second Largest Crop Ever Raised. Special Dispatch to The Star. PORTLAND, Ore.. September 3. Oregon and Washington will produce their second largest crop of cran- berries this =eason. Estimates place the vield at from 20,000 to 25,000 boxes. The largest crop on record was in 1818 when 35.000 boxes were produced. The quality this year is excellent, SEES BIG NEGRO EXODUS. ST. LOUIS, September 3 (Spbeial)s —Thomas L. Gibson, a planter of Friars who is in this city, pre- that in five years seven million of the nine million southern negroes would be found north of the Mason and Dixon line. DECLINE IN EMPLOYMENT. DETROIT, September 3 (Special).— The reports’ of the Employers' Asso ciation here for the last week shows a decline of 327 workers as com- parel with an increase of 2,330 last week. Total employment ®sti- mated at 327.000. compared with a high mark last May of 344,000, deep con- | e]In the dond market the Kingdom of | ( i | i North Carolina Association to Be! [y tol of the National City ints | the granting of a credit of $ 000 Union | 10 the North Carolina Cotton Growers’ 0 i atr | 2 oad o Vew | TR0 we. - \{ tives of the cotton erowers. | :$60,000,000 Argentine and $20,- i { i ! | $6,000,000 CREDIT FOR COTTON GROWERS Helned by National City Bank. ted Press. ORK tember Bank Co-operative Association, for wh negotiations had been cirried on f ¢ bankers and representa- the agreement meanwhile, n are ex- Full ratification of is expected Tuesday nd, dir #of the organizati directors of the orgamization, it is thought, will give their approval While the interest rate on the loan has not been mentioned, it was under- stood it would be siighi'y above 5 per cent COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY ST. LOUIS, September 3.—Shoe manufacturers are an une usual volume of orders from sals men, and the volume of fall business booked last month was more liberal The tendency is toward conservative lines in both men's and women's shoes. receiving BATON ROUGE. La —Reports from the rice districts of Arkansas, Louisiana and Texas in- dicate that because of reduced acreage rice production this will be about six million hushels 1 than last vear. SAN FRANCISCO, September Wholesalers in this state arc advising retail grocers to lay in early supplies of canned goods at present price They predict material price increases for the winter months because of the smaliness of the packs. Thirty per cent raises in canned corn and to- matoes are forecast ,» Wash., September 3. concern is said to have secured cont loads of hardy winesape, N; and pippins. The range of pric these varieties of apples i 175 a box te will contain MIDLAND. Mich., Septembs Ac cording to officials of the Pere Marquette road, the indications are for a continua tion of heavy freight movement of heavy chemicals from this section. The freight movement of this territory Detroit, Lansing and Flint shows an In- vtons 36 boxes. crease of 40 per cemt in outbound traf- ! fic and 36 per cent increase in inbound freight, as compared with this time last | year. FRESNO, Calif., September 3.—Al- | thowgh heavy shipments of grapes are being made eastward, growers in this section are threatened with heavy losses because of inability to sell portions of their crops te canneries. Losses also are being swelled by mildew.” * RIVERDALE, 1ll.. September 3.—The new cold-roHer steel plant of the Acme Steel oods Company here start operations about October 1 plant cost $1,000,000 and will increase the company's capacity about one-third, JEFFERSON CITY, Mo., September 3. —The Missouri hay crop will be larger than last vear's, owing 6 increased acreage and a slight increase in average Vield per acre. mccording to the state tederal reporting service. September 3. | ts for 4,000 car- | '« for | around ; h car ! embracing | will | The | By the Associated Press. NEW YORK, September 3.—More confidence over fall trade prospects reflected by a qulet forward move- ment in stocks and improved senti- ment all around were noticeable in fnancial quarters last week. While improvement in the stock market has not proceeded far enough as yet to attract the public, which naturally becomes shy of re-cntering after a “ung period of declining prices, many active traders are reported to be working on the constructive slde. The | advances resulting from a bidding up of prices by “pools” which have been active are ordinarily possible when conditions are favorable for a rising market. * | The breakdown in' the negotiations | between the mine operators and the unions looking toward avoidance of a suspension of mining is reported to have had a restraining influence in | trading, with some operators character- i%ing it as a depressing influence. 1t wi pointed out by some, however, tha (he effect on industry would be nef ther immediate nor disastrous. The | oil situation is still unsettled. th chief difficulty of the ofl companies | being deseribed as the necessity of | taking lower prices in order to light- | en stocks on hand. i i Signs of Increasing Trade. Signs meanwhile are increasing that | trade is breaking away from the sum- | mer ull. Conservation is xtill the rule, | according to the weekly mercantile re- but more interest in forward re- | @uircments is being manifested. The | svmmer slump was not as great as | ed it would be. Employment | has fallen off somewhat, and this is ccnstrued in many quarters as indi- cating less likelihood of further infla tion of labor costs and the probab! | that manufacturing profits are li {to be maintained. Maintenance of rec- jord freight traflic meanwhile shows I‘N‘ goods have been moving into con- | 1 sumption at a good rate. ! i i Another reason for confidence in fall | { business is the growing, belief that the | worst has been passed on the farms. | Western farmers are said to be in a | more cheerful mood. with a good yield | of corn to offset losses in wheat, and { with the live-stock industry claiming | [their attention. The grain markets, | 100, have taken on a better tone, mul‘ wheat prices are several cents above { the recent low } I the steel industrics good authori- ties point out that activity may not good deal in September. ir assertion on the fact was very little slump dur- ing the summer, and therefore many jol the present rate of rations Worst Pasxed on Farms. | | | ould 1ot be an unfavorahble sign he steel market undoubtedly is in a much stronger position at this time majority of observevs a few ago thought would be pos- a months | sible f Higher Prices for Cotton. The government gotton condition re- port confirms the §eliet that the boil drought in the southwest | greatly reduce the cotton yield { While this will mean less revenue for rters it will at the {timc mean higher prices for jothers {DAVISON CHEMICAL DROP | LAID TO STOP ORDERS One Transaction tof 5,600 Shares Referred to Committee—Probe Answers Due Tomorrow. NEW YORK. September the rapid rise in Davison Chemical wi attributed to the uncovering of *'stop- loks™ orders put shorts, Saturda ! cottaps 5% due to the f: orders were cauzht o One transaction involv- op-loss 1S, When the price was reached at which these orders b effective the specialist In the stock bers of the business conduet ¢ around the Davison Chemi ipost and r a hurried consultatic { was decided that 16 was a fair price { Answers to the o aire sent out ( he committee secking Information | om_members of the exchange Thursday's traneactions orders , ! al DIVIDENDS. = riod. Rate, Qs crymeer L ex &8 Oct Tron.. i sa §1 Octl 1 ¢ » 8 0. Kentuekr.t @ &1 Oct. 1 Rep 15 able. Record. | Money to Loan ANY AMOUNT Reanonable Charges om Trade Aceept: Warehonse Re. Manufacturers’ ceounts, Short-Term First nnd Second Mortxnges or Approved Col- Interal. American Finance Corporation Commercial tfonnl Bank Bldg. | Exchange Quotations By Radio Daily at 10 o'clock from Ra- dio Corporation of America. Station WRC, the latest quo- tations will be broadcasted. Rates by private wire from New York. Special .phone, Foreign Department, M. 8222. The Washington Loan and Trust Company 900 F Street 17th Strest SERVICE and SAFETY National Mortgagé & investment Corporation 811 Vgrmont Avenue N.W. Deals in the Best Real Estate Securities. First and Second Trust Notes and Ware- + house Receipts are at fair rates. Its 7% First-Mortgage Notes, SECURED by Improved District of Columbia Real Estate, are a GOOD INVESTMENT. Offered in denominations from $250.00 UP. { tions, ous ten months Labor in the bullding trades is fully engaged at present. Steel mills are rapidly Building up their working forces to meet the feeds entailed by establishment of the eight-hour day. Little falling-oft in output has been noticed so far as a result of the abandonment of The twelve-hour shift. REO MOTOR EARNINGS. NEW YORK, September 3.—Earn ings of the Reo Motor Car Company for the ten months ended June 30 estimated, in a comparison of the company's balance sheet with figures for last year. The annual report for the fiscal year ended August 31 is ex- pected to show, therefore, earnings of more t 500,000 if the prev figures can be used as a basis for estimating earnings in July and August, and it is generally believed that busine: monthe was better tl EQUITABLE Co-Operative Building Association Organizea 1879 434 YEAR COMPLETED in th n_ordina wo Ansets Surplut Join the: Equitable and Save Systematically —You will find our systematic plam the most effective method of saving. ceee...$1,207.281 Subseription for the * 85th Issue of Stock Betng Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 FSt. NW. ' JOHN JOY EDSON. President FRANK P. REESIDE, Secy. First Mortgage Loans Fowdat o2 Comamsien Rates of Interest Prompt Aeti { i 1 I amounted to at least $4,450.000, it is| Thomas J. Fisher & Company, In¢. | 738 15th Stres: | When Buying Our A% First Mortgage Notes You get in addition to absolute Safety of Principle, a prompt. courteous service that insures ¥our interest being collected and remitted the day due. All our loans are placed on the most conser: ive basis. less than one-half the market value; guaranteed title ab- stracts go with notes. whether large or small amounts. Apply Mr. O'Donnell, Loan Dept Amounts of $100 up to $5.000 available. CHAS. D. SAGER 92¢ 14th st. n.w. Loan Dept. M. 38 { —If you have money to invest, why not have it secured by first and second trust mort- gages on re. estate in the National Capital, where values are constantly increasing. We are in position to handle amounts of $500 to $5,000,000 on improved real cstate with guaranteed title. Interest at 6% to 7%. Francis A. Crawford, Inc. Reel Estats Loans and Insurance 903-4 Continental Trust Bldg. Growth of American Security-. Deposits: 1890 $261,489.20 1922 $25,413,083.46 COMMERCIAL on line. This compares with § cent at the beglnning of August. Dean, Onativia & Co, Stock Exchange Building New York 903-4 Continental Trust Bldg. er | R COTTON GRAINS COFFEE — SUGAR STOCKS and BONDS MEMBERS New York Stock Exchange \. Y. Cotton Exchange Chicago Stock Exchange Chicago Board of Trade New Yok Curh Maibet N. Y. Produce Exchange i Minneapolis Chamber of Association Commerce WASHINGTON OFFICE Main Floor, Woodward Building Phone Main 2040 CALLAN O’LAUGHLIN CHARLES R, ALLEY Manager Ansixtant Manmger JOHN Was/u'ngton's Oldest National Bank College Bred —BOYS HAVE BETTER CHANCES of achievement. How about that lad of yours—is he going to have this advantage? {[Funds for financing your children’s education or for any other purpose are best accumulated through a SAVINGS ACCOUNT. Open one now at this bank—One ,Dollar will do as a “starter.” P 27 OPEN UNTIL 5:50 P.M. TOMORROW Our 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 in 1814 JUST WHAT YOUR DOLLAR DOES WHEN INVESTED IN OGUR 649, FIRST MORTGAGES il have worked for it. It works for you after you > 2. It gives you a pendable income without additional work on your part. steady and de- 3. It builds up a surplus fund to Itelp vou take care of opportunities Quarter or emergencies that m uarte of a Century 4. It earns more owing to investment than it usually does. money now, conditions, Without We shall be glad to submit in- vestments to suit your require- ments. a Loss B. F. SAUL. CO. Main 2100 1412 Eye St. N.W. Pride of Possession Money in the bank fosters self-respect, increases credit with one's fellow men, guar- antees the future as well as the present, and earns interest. Pride in possession of a steadily growing Bank Account is worthy pride. 3 % o~ savins TRUST AMERICAN SECIRIT ° AND TRUST Capital and Surplus, $5 Central: Northeast : Southwest : Northwest: MPANY o 15th and Penna. Ave. 5,400,000.00 BRANCH 7th and Mass. Ave. N\, 8th and H Streets N.1.. 436 7th Street S.W. 1140 15th St. N.W.