Evening Star Newspaper, November 1, 1923, Page 31

FINA APPLE MEN LAUNCH FIGHT FOR MARKET Eastern Growers Hope to _ Meet Sharp Competition of Western Fruit. - By J. C. ROYLE, * @pecial Dispateh to The Star. NEW YORK, November 1.—Orch- ardists throughout the United States are making vigorous preparations to fight for “a home” for their apples during the next ten days. In many sections apple expositions will open Saturday and during “apple week, beginning November 5, every possible sppeal will bemmada to consumers Lax authentic reports to the writel from e huge orchards of the ‘west. e west make it appar- ent that earller estimates of the apple crop were too small. Reports from the state of Washington indicate that the over-planting of commercial win~ ter-keeping « apples, predicted fen years sgo, has come to pass. The 3831 crop of these hardy varletles. -eowsisting of 30000 carloads “of 77 Doxes each, heretofore has cone’cqts a record, but this producti e @1 ve overshadow:c LY ® o *of | 50,000 carlonds this YE&T. " Oregon mar- hets the move_aenl fe 40 heavy that ' prices havy fillen and buyers scem %o hold (e upper hand. Apples Rotting om Grou In some sections of tke Inter- mountain west, Californla, Michigan, Missouri and other states apples are Totting on the ground or are being fed to hogs, as growers contend they cannot afford to pick them at present prices. The crops of New York state and other parts of the Atlantic dis- trict are heavier than expected and Mmuny farmers are “looking for a lome” withaut much regard to price. One encouraging factor has been the decided taste for American oples which has manifested itself Great Britain this_seaso: ore fruit has boen exported to Ewrope ~ 1his season than ever before.at this time of y This demand has prov. €d a life saver for the growers of Virginia and West Virginia, who &hipped their apples to England early #nd secured good prices for them. Demand and prices continued high up to about ten days ago, wheh the tremendous volume of frul: arriving from the United States broke the London market. Prices broke sharply. Adthough the London market since ihat time has recovered a portion of that loss, according to late cabies, the market still is weak and sensitive 1 _shipments. hippers did not benefit :. Eastern growers are pre- fight for their lives, of thelr markets, during the remainder of the winter. They ex- Vect a constant flow of shipments to Atlantic rkets from the Pacifie ast. rn growers, as a general i «in_barrels instead of In s do the Paelfic growers, and 10 have foreseen the competi- n the west have revived their of grading and packing in ruous effort to convinoe con sumers that the quality of the east- rduct is as good as the western Ple Eaters Tremendous Help, One factor in consumption, how- ever, surely be counted on by the prod s—the ple eaters of the United States. Apple pies are a stand- ard product, apparently maintaining equal popularity in all sections. Care- _ ful estimates from apple producers and bakers indicate that four apple ples per year are eaten by each in- habitant. The effect of this consumption on nl aumber commodities can scarcely realized. it requires one pound bp whole — frult—for each dard nine-inch ple. Bakers es- ~ that each ple requires a quar. of & pound of sugar and three- auarters of a pound of pie crust mixed in the proportions of twenty- four pounds of flour to (welve pounds sf shortening. One pound of cinhas mon ig consumed In each thirty pies. Anple pies consumed the next year, therefore, will involve the use ©f £40.000,000 pounds of apples. 110,- 0.000 pounds of sugar, 220,600,000 ounds of flour and 116,000,000 pounds of animal and vegetable fats, pro- vided the average Is maintained, Washington Stock Exchange. Gas ;A'gxf:'uoo at 1 tion 5e—8300 at MY, $300 Traction Co.—5 at 00%. on Rey. & Elee. com. El td Washingts ¥ Capital T: B4, Capital sh G Moucy—Call loans, & and € por ceat. BONDS, Bid and Asked Prices. PUBLICO UTILITY, American Tel. & Celgn. da. Zmerican o SIRRSESIRRZITRITUS: et Baito.” & Anvap. 5s. ington 5. STOCKS. PUBLIC UTILITIES, Ga: Norroli &, Wash. Bisambost Wash. Rwy. & Elec. com ‘Wash. Rwy. & Elec. pfd. Terminal Tazi com.. NATIONAL BANKS. .. BOSTO! movement 'of raw 583 EE w NCIla /| NEW YORK CURB MARKET Received by Private Wice BY WILLIAM F, HEFFERNAN, NEW YORK, November 1.—The up- turn on the curb market went further today and extended to stocks which had not shared ‘in the improvement Wednesday, Realiging sales, how- ever, subsequently began to make themselves felt and served to bring about an unsettled condition in the afternoon. A number of the low-priced copper mining shares were taken in hand and moved upward in sympathy with {m- provement in these stocks on the bi board. Ohio and Wenden were espes ! clally active, the former gaining over | was| five * points checked. Park & Tilford rose another paint. Recent statements of the president of the company were to tha. effect that € New Management Overs docreased §27,000,000 a manth, frogen assets had heen prace tically liguidated and th h pos | NEW YORK, November 1.—Following is an official list of bonds and stocks traded in-on the New York curb market befare, the ri §8ai BONDE, o g 5 Hibasssas. e 1 Allled Pa-, A I é."!” L b o 1 4m Gl & N 3 Rw Sumatra To 7his 15 Am T & T 6e '24. 2 Antcontn @ . 019 2 Anglo-am_0il ' 7 11 At G 8‘ WIis Low, % ub_7 10 anens C Term Sigr 5 Kennecutt Cop 7s.: 2 Libby, McN & L s 20 Motor' Prod 1 Morris & Co 6 New Orl Pub 1 Ohlo Power 1 Pub Sbry of 4 Sbw, 7 15 G 8 of Mexico 4 Sates in units. oal Big Ol... Hombie 0 & R new 30% WP L. ) [ 90 Washiogton Ol; .. Sales in INDEPENDENT OIL STOCKS hundeeds. 4 Ark 1-Carid_ Synd 1Cie Sery ... 8 Cit Serv pra.. 2 Cit Serv prd B. 8 Cit Serv B ofs | H & e 2 Gen Tet pfd . 13 Gransda Of - 1 Gulf Oil of Pa . 58 Guif £t 0 & R wi 2 Gf St O&D M R wi 70 Keystone Ranger 4 Mariznd - 3 Mex Oif :( gox I"I'I‘mr-; unt Prod . € Mount Guir & N 2NY O 10 Penn Reaver Ol 12 Peanock 071 .. 0% |reserve districts, Indieates the avers i % Cleveland Auto pid. 4 Curties Aero cfs dep Y% D L & W Coal 258‘! I £is ot T T 2l T 25 Pt 3t 1 Fi'm In Gillette Baf Rez,.. 250 Gieasonite Prod Co. 11 & Peeriens Mot Radio C ™ lo Corp phiLi. & Corl ta w'i 2 Reading Coal w 1. 48 Reo Mot = PRICES OF PRODUCE. Caulifiower Shipment by -Water Reaches New York. !M?ll Dispatch to The Star. NEW YORK, November 1.—The first all-water shipment of caulifiower from the middle west arrived on the local wholesale matkéts today. The Ship- ment, which consisted of about £,560 baskets, or the equivalent Of three car- leads, came from the stats 6f Minne- sota by way of the great lakes, Wel- land canal and through the state barge system. It was in transit about two weeks. limited demand, partly due to its or- {inary quality ind condition, and sold om 16 cents to $1.25 per Bushel basket, containing from si% to twelve heads. “The early morning demand for white potatoes at the raliroad yards was moderate. but very limited jers. Supplies were moderate, b comparuti light. made ¥, u $335 for No. 1 round whites in bulk per pounds and $2.75 for 150-poun Sacke. LITTLE WOOL BOUGHT. Export Movement, However, Gives Market Stimulus. FBpectal Dispatch to The Star. N, November 1.—The export wool from local mérkete way given added stimulus a; continue Pprices being ! om{n dln u!hfil unnn n:;lo:. x.)’:; te indicatiol of inereai stren| l.:‘ the statistical position of wool, ménufacturers refuse to be astam- etled into buying, elther for Imme. fate requirements or future needs Such purchases as are being made are made cautlo re- oo 958 bags S o mestic And fori-ons baie ¢ foreign wool. ’ t ofs 2 STORESHLESSHOW I |tion's sales barometer, appear to be | s | department of the store for each sec IRV F | Direct to The Stsr Ofice \ er(‘:uv-lnm was a hmua of the tor group, h at the present time was excel- motor e 1088 sustained early the week, when It touched & new low for the year under 20, . The stock moved up to 24 to- day under short covering and hew buying. The new Motor Produetion preferred _advan half point, while the § per cent bonds were conwpiouous, jumping 3 polnts overnight to a new hiwh vecord However, other 6f the motors wers more or 164s depressed. Further well- Ing came into Durant and a drop qf over two points occurred ih Peerless. The recént streagth of most of the coal shares was 8till in evidence. Glen Alden reached another new high, | Reading Coal gained fimotionally ahd Southern Coal and Iron was better. Dealing in the oil group fell off and there appeared to be no incentive continue operations for the 3 | Prairie Oil and Gas changed hands most “of the time uo\md 181, and others oeemed to taking their from its mevement, another FEE = ~528aa MINING. 10 Ariz Globe Copper. . 50 Boston @ont Cord 3 e o e e g B # & 10 Cortes Siiver 2 Cresson Gold . 1 Crown Ring 8 1 Ari 90 Emma 8ilver 20 Eurekn Crob 20 Fortuoy, Mings 1 Nine Gotdhela Deen Golddeld Flore: 150 [} 10 GoldReld Jack, ines.. Ming R P $ Howe Sound . 80 Lndependence 0. Lone Star 9 Metals Prod . tiomal 3 New Coenelin 1 New Domiaion Cop. 20 New Jormey Zime... B New Yok Porcupin 58 Tin 20 Silverdate ... 280 Silver Horn Min. . 109 Stiver Kg Dv Mine 8 Bo Am Gold & P.. 89 Spearhead Gold .. 37 Sutherland Dv Mine 2 Teck Hughes ..... 1 U 8 Contin o Upity dod o Vender Copper ... S et End tloaso - xt End K: st B0 GAINS OVER 192 {Women’s Apparel in Steadyg Demand Over All Parts of Country. Speciai Dispateh to The Star. NEW YORK, November 1.—Women® | |apparel and piece goods departments {in retail stores throughout tie coun- try régistered consistent gains in September over the same month last year, according to an announcement by T. L. Blanke of the Natlonal Re- tall Dry Goods Assoclation. Whil many other departments made gains over the previous September's salew, the increase in seles of fabrics and ! arments, as reflected in the associas | most strongly sustained The departmental sales report, which is issued each month th con- junction with the gales barometer digest of total store sales by federal e gain or loss in every important tion of the country. The sales | barometer for September, issued early n October, gave a figure of 6 per cent {a® the gain in total sales at retail by department stores for the whole country, as compared with the same month of last year. \ Declines Also Neted, | While the great majority of deparg- ments In_these stores showed mal {of moderate proportions, It Is motices |Able that a larger number of declin: were reported in September than any of the four preceding mohths. It was stated by Mr. Bianks that this be accounted for In part by the fact that there wak one less busi- ness day this 8 and that thegp was a provem At in Tetall business during the fo 1 of 1922 over the earlier months of that yeafr. The country-wide gains reported by | ‘women's apparel departments for Sep- tember are somewhat smaller than Was the case for Augusi. The per- ceéntages of gain for September in these departments are: Coats. 12 per cent, 1 per cent (decline); skirts, 13 per ocent; cent; miskes', 8 per ¢en cent: juniors’ and girls’, ¢ pej blouses, 2 per cent; sweaters, cent; millinery, 8 per cent. Gatns Over 1922 Sales. For the year of 1828 to thée end of September "the women's apparel de- partments shows the following gains over the same period of 1922: Coats, 18 per ceat; suite, 6 per cent; skirts, 18 ‘per cent; dresses, 15 per cent mi 15 per cemt; furs, 14 per cent; funiors” and girle' 16 per cent; blouses, 1 per cent; sweaters, 8 per cent, and millinery, 7 per cent. It I8 Apparent ffom a comparison of the figures for the month and the year to date that the Septeinber ‘increases were below the year's Bverage in most of ment departments. The highest departmental gai rted for the month of Sep! Were: Sweaters, 20 per cent: goods, 16 per cent; umbrelias an canes, 15 per cent, and car lnoleums, 13 per tent. On U hand the greatest * cent; 20 per el e of de- cent loss. - While laces, trimmings, embroideries, notions, handkerchlefs, PO & er cen ine o month from 1923, Advances for the Year. For the year to date the best gains are reported by the following depart- ments: Silks and velvets, 10 per cent; dress goods, 18 per skirts, dreeses, miss rugs, carpets and linoleums, with 15 per ¢ent in each case. The only departments reflect- Ing decreases for the same neckwear and vellings an with § cent, T b phrtment, which umn in Augus 2 1 per cent gain for the r as & result of & good galn In eales in the month of Sepw tember. = n the piece goods departments dress goods 1s fownd i Ung jead or the month, ';th & 15 pe) :rut over 1922 'This de; 50 led in Aughst. Bilks an reports ah & per cent increase in sales. for this month; domestics, 4 per cent, ahd linens, 3 per cent. 'Good @al continue to be shown in these depar ments for the year to date, silks &nd velvets leading with a 19 per gain over 1922, and dress goods behind with 18 per cent; st re: m{n 7 par ceat gel nl‘fi':m.? per cen jed that it be made clear | damaired to the extent ol SEEKBETERVIAY TO MARSET WHEK Growers Decide Not to Urge President to Call Special Session of Congress. | By the Amwoelated Press. DENVER, Col, November 1.—The natiohal eonference tn &o-operative wheat marketing anfiounces the ap- pointment of a committee from the Amerloan Wheat Growers, Assoctated, to meet with the Lowden tommittee oh co-opefative marketing in Chicago, November 5. OMcials of the assocla- tioh sald the meeting of the com- mittees would result In agtive co- operation of the two bodies i the co-6parative wheat marketing moves ment. : | Previously the delegates declared that & proposal made yesterday that the conferénce call upon President Coolidge for A gnscial seasion bf CHN- @rees to enact legisiation o &id the wheat farmers, was not likely to find favor, as this year's crop riuglly has been disposed of. ~ - Opposes Pooling of Whent. J. D. Mussleman, representing avheat growers of Saskafchewan, declired he did not believe Canada’and the United States ever could form a markelin combination to Eoverh the price of export wheat am lohg as the Amer- ican growers admit they face -the ! progpect of seliing the surplus wheat for export at less than production cost, and when Canada remains de- pendent on 60 per cent of expaft to dispose of Its wheat crop, Mr. Mussleman said he favorsd cen- tralized control of market and wate: houses rather than the pooling of wheat. Attacks Wakera® Amsoclation. Dr. C. J. Smith of Portland, Ore. preaident of the Joint Stock-Land Bank there, and representative of Gov. Plerce at the recent Chicage con- ference, charged the Bakers' Assocta- tlon with monopollaing the flour mar- ket by buying &0 per cent of the bar- rel flour produced and thus discourag- Ing home baking. The bakers, Dr. Smith charged, realizc a profit of ap- proximately $82 a barrel, while the | | producer of the wheat recelves only $4.65 for the wheat used in that amount of flout, _ Grain Shipments Enormoun. FORT WILLIAM, Ontario, Novem- ber 1—Shipments of graln now are voming neater to balancing th ceipts than st any previous tim soason. Sixteen boats took out i terday, nine to enting Ametican lines 10t been sendihg to the anadian head of the lakes before this season now are showink up at this pOrt and the raies both to Buffaio and to bay po e lower, the prevailing charter rate to Buffalo for November being 5 cents and to Bay ports 4 cente. LADD RAPS WHEAT PLAN. Senator Against Using Finance Board as Sales Agency. Use of the War Finance ¢ as a sales agency for Ameri abroad. as has been proposed to the | ‘poration iadministration by western grain men. would be of negligible henefit to the wheat growers of the northwest, Sen- ator Ladd of North Dakota sald yes- terdny after a conference with Presi- dent Coolia Benator ‘Ladd 41 not take up the wheat eituation with the President, but plana to call at the White House inter in the week, and at that time advise the Chief Executive that inasmuch as the farmers most greatly in need of | assistance have sold their wheat the | financing by the government of wheat sales abroad would only benefit the speculator. DELIVERY SISSUE IN 100,000 SUIT Plaintiffs in Piggly Wiggly Action Making Test: of “Corner” Transactions. . By the Atsociated Press, . NEW YORK, Novenber 1.—A bill of complaint secking $100,000 damages ffom the New York Stock Exchange and aMifated firms as a result of the exchange's action following the “cor- ner” on March 30 of the stock of Plggly Wiggly Stores, Inc., han been preparéd by the law firm of Bwing, Alley & Voorhees, on behalf of Frank C. Milton and Walter L. Bmith of Memphls, Tenn., and will &ooh be filed in supréme court at Mineola, N. Y., the attorneys state. Whilé counsel for the pla ank- ntifte that Glar: ence_Saunder: run\gr bresident ot the Py 1y Stores, Whoe en- gineered the “corner.” was not Involv. ed In aity wey ih the preasht ction, ho seeret was made of the fact that the proposed siit Would be in the form of a test action to_deteemine the legal right of the New York Stoe! Exchange to postpone the date delivery of the £tock which had been sold “short.” . Case Hinges on Deliveries. Ordinarily t.:l’ gond e BY 2115 100k, 'fls' the present action will that the stock SReHAM: corporal tae lndic ange com- mitte .:‘ntm';rod.lmo a ton 5 el S eliveries on ‘wers wnabl DeRReR S the mtouk by tha AEALLE the stoel ;A e Tho_ plaintits aver That ab are the Ay ""8 B s‘ tago, gnd Clark, Forke "i?}f"h ek SP Rt o dellver ol Plagi 1y stoek: on 84 Sertonn Delny Alleged, he complalit will staie e Bonaht 500 shaved o ure of three Bto it the gooek ‘h from 290 shares frem A. man at 78, but that a ruling of the stock: & , corperation permitted -the ellers of the stock, who h: d ad sol short, to deisy until March 26 ia mak- actual delivery. 7 Wil be e'hrsn that ¥ mem- bers of the New York Bteek Exchange had sold many shares of Piggly W &1y stock Bhort., for the pul pressing thy market Vi ahd that the action bt the defendants IR sus- pending trgding and later posiponing elivery orf contracts entered Into be- fore “'the Jsuspension was - orde “whs 1l unauthorised and red vold.” Juniped From T2 to 184 “n the ddmmon stoek of 1y Btores, Ifc., was sus ® goVerners Sone - | Zall n wheat |y HOW & POOR MAN CAN-GET AHEAD True Stories of Wage Earners snd -Salaried- Men and Women Who Have Found the Road to . Pinancial Independence. By Samuel O. Rice, Educational Director, Investment Bankers' Association of America 3 (This is the last of n series :L‘nnln wto: ries of wage earncrs and salaj [Tomen o bave found thé rohd ce.. Indepénden Kenneth Baker, a sixtesn: boy, working in’'a garage in the prov- Ince of Ontario, Cankda, & few years ago learfied unconsciously one step in Judging a, s0uhd Investment security. His employer Kept him &o busy that the bo# lad litite time to spend hix earnings, * Another réason fof saving was'that he did not wish 16 be on'the 86 ngainst Hard work &Il his| e, - Daily in hls work the-boy learnefl what accessories, articlsg andl com Modities Were in most demand in the automoblle business He saw which companles apparently had-a success- tul market for their products, : He rea- | #oned that they must bé Making ! money. Occasionally he _bought #hAre Or two of stoek or dred-dollar bond. larly fortunate, -~ He wi of coutve, acting on very insufficlent knowlede although, ns far as it -went; the hoy's | reasoning was sound. But it requires high techhical aitill frequently alded by engineers, accounts, chemists and ||| turat specinlists to juae accurately the |l Noteg o Worth of ah enterprise and'the value |l of Its securities. To know that aifl busiheds is sound, that it has no ap- Parent or probable ecoriomic weak- NeNs fequires much oxperlerce and Judgment that is not pi Youth or by adults unintor: investment business. However, this boy did select wisely, through the application of one bit of wisdom. He reaped a double reward, Handling products in which he hud invekted his own money put a befter Epirit into hia work, made him more | intereated in his work. That fealing eonfirmed Kenneth as a ‘“capitalist,” but it did not detract from his abilify as a workman, Two years ago the foreman In the ge found a chande to buy another rage thal had excellent prosnect e offered to hire youhg Baker. "Can't 1 be your partner?” Kenheth INDUSTRY NEEDS WORKERS' BRAINS Expert Says What Employes Think About Is Also of Vital Import. 4 asked. “I've got neafly $2.000 in se-{ cutities that I can cash in and put the monéy in the business” “Why, that's ail I’ puLting in/” re- jied the foreman, “and I expected 1o orrew $1,500 more to nlng the deal. Where'd you get it? We didn't pay. it to_you here. i 3 “No, but you paid me enough rwney to invest &nd the seeufities Sn "hlch 1 ihvested paid me the rest.” At twenty Kenneth is a partner in a good “buginess he 1kes and er- atands. He's no longer dependent on The Margin of Secufity ‘We Demand to ard . Clients Investing in Our 7% : First Mortgage Notes Insures absoiute safety under any asd sl It Upholda aiso our bavivg lost with a1l notes. f $100, $230, up to 5,000 Now on Hand I For full particulars ©'Donneil, Loan Depa CHAS. D. SAGER | 924 14th St. N.W. Main 36, 8% FIRST MORTGAGES We ate oftering the above In mmoudts from 2,000.00 upwards. Al loans based on 50% vulge of property, with fire {nsurance eov- eripg full amount of doaw. Title jusurance or ouf “attornes’s oplulon furgished. No chrge fiade for collécting quarterly intarest eoupons. lis eity eonsiderad most substautial in Flofida. Interest Rates 6%4% and 7% All loans secured on modern homes and busi- ness property in best northwest sections of the city. Ask for Information B the Asscciated Press. BOSTON, November 1.-~The benefits from emplore representation in councils of Industry were described at the semi- | annual meeting of tHe National Associa- ton of Cotton Manufacturers here late ' FIRST MORTGAGES by P. Giibert Francke of the Paclfic mills. N “Common sense dictates that we! ' ehowld know what our employes are‘ | thinking about, that we should get the co-oberation of their brains as Well as M thelf hands,” said the speaker in telling onsy to Loan of experiments in the Pacific mills. He | ecurec br first deed of trust on real estate. declared that the day of suddenly post- vaifirg iaterest and commiesion. Pre fog wage reduction notices had' gone | JOSEDN I Weller £ wesn L. § e by in that plant, and that mnferonmi EQUITABLE between workers and the management | Co-Operative Building In regard to wages and working condi- | tions had proved a success i ““Most of the real or imagined griev-| ed_before they reach | the ®hop councils,” Mr. Francke sald. Dikcussing the Hovelopment of the cot ton industry in relation to manufactur- ing, Gilbert T. Thompson of Adams said that if cotton goods were to remain the cheapest kind of clothing, progress in machinery development and cost redu Assaciation * Organined 18TO e YEAR COMPLETAD Hl Assets ....coenei... BATEOTED Burples .......co..0 . SLIOTS0Y five_years than in the last twent; “We have seen the cotton industry nearly tegislated out of Massachusetts,” he said later in his address, “and the vast network of our raliroads, the| arteties of our country, nearly legislated into ruin. y? For the lack of public | support. ¢ ¢+ “Out development in regard to creat- ing public sentiment has been poor In | the past ; let us see to it that it is'great | in the future.” CARPET PRICES DROP. PHILADELPHIA, November 1 (Spe- elal).—Carpet manufacturers _have made considerable recession in prices to move their products, demand fo which has been sharply cut into by the sale of linoleums and congoleums for kitchen and dining room use. Rug manufacturers report business as | go Profit By the Opportunity to Save —In times of prosperity it ts wise to rt of your Income Rabucription for the 85th Lssue of Stock Belng Recetvea Sbares, $2.50 Per Month EQUITABLE BUILDING 915 F 5. NW. e A Free Booklet —that points the way to INDEPENDENCE A Simple Plan —that helps you to attain it FINAchAL independence for any man or woman of moderate income is by no means an unattainable goal. It is a goal that can be— and would be—attained by countless thousands if they fully realized how fast even small aa will grow when safely, continuously. and. profit- ‘ably inpested. - 58 N Our free booklet, “HOW TO'BUILD AN IN- DEPENDENT INCOME,” describes a plan of financial independence that is safe, simple and sure for any one who inyests-$10, $20, $30 or more a month at 614%. to 7.13% compound intefest, in our First Mortgage Investments. - : Between the vigoroud age of twenty-five and. the retirement age of sixty-five a man or woman can amass more than $22,000 simply: by a first payment of $10 and then putting aside only $10 a-month at 62,% compound interest; $20-a month will' amgtnt to over $44,000 in the sam period; $30 m’*& 10 over' $66,000. g Call; write' of*phone ‘Main 6464 today for 'a. copy of our booklet. 7 - ke F.H.SMITH CO, - FIRST-MORTGAGE INVESTMENTS ‘NO LOSS TO ANY INVEST?E IN 50 YEARS FINANCIAL. 6 to 97 Yield | Mouthiy ‘Payments i¢ Desited’ Write for Beoklet “Serving « ‘Nation” _,Tlm. W. Brahany & Co. 510-11 Evans Building FOR SALE Secured on Improved Real Estate in the District of Columbia Denominations of $250, §$300, $780, $1,000 and upward. JAMES F. SHEA 643 Louisiana Ave. N.W. FIRST MORTGAGE NOTES FOR SaLe IN DENOMINATIONS OW S00 DOLLARS AND UPWARDS Fondilt H Honen 9 % 1207 Conmectiout Stoenue How May I Get More —than 4 or 5 Per Cent on My Money without taking undue risks? This question is asked every day, and WE - HAVE THE ANSWER. Turn a deaf ear to tempting offers of speculative stocks and let us sell you ome or more of our FIRST MORTGAGE NOTES. No Losses of Interest or Principal. No Depreciation in Value. 2 No Delay in Payments at Maturity. No Care or Supervision, " The Interest Return to You Today Is 6% per cent. Our Mortgage Investment Dept. Will Gladly Telt You All About It. 715 14th Street N.W. Large Estates frorh Small Eamilfgs IT is rather the exception for a person to start with a good-sized investment, be- cause most estates are buflt up by starting at the beginning. : To start now, with even $100, and to add to it, allowing the interest to accumulate, is the sowing of the seed. S We have seen many such starts grow into fortunes of hundreds of thousands, because those who have invested in our First Mort- gages have never lost a penny of their prin- cipal or interest, and, therefore, have had a free mind to devote to the work of earning an even greater return in their own line of en- deavor. Let Us Tell You What We Have Seen! Swartzell, Rheem & Hensey Co. . 727 15th Street N. W. 54 Years Without Loss to an Investor . HOW. TO BE ABSOLUTELY SAFE "IN INVESTING . . Avoid widely fluctuating securi- ties which pay dividends or ifiterest only under. favorable conditions. OUR FIRST MORTGAGES = Over o “Ouavier —are non-fluctuating. They pay 6% regularly, a good return, are offered in short, convenient maturi- ties and are backed by over a quar- of a. Century Withont & Line ter of a century of proven safety. 1412 Eye St. N.W. -B. F. SAUL GO. Main 2100 x