Evening Star Newspaper, November 24, 1923, Page 15

FINA MEN PREFER CASH IN'PAY ENVELOPES Payment by Check Means Loss of Good Will—Rob- beries Force Care. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, November 24—De- #pite the robberies which have swept over the country and which are keeping the 12,000 police of New York on dugy sixteen hours a day, large employers appear generally to oppose payment of workers by check. They assert, according to the American Management Associa- tion, that if the convenience and good will of their employes means as much as they think, there will be few attempts to pay by check except under special circumstances. Workers Prefer Cash. The benefit to the morale of work- ers and the saving In time and money secured by paying in cash far overbalances the losses sustained through holdups and bandits, ployment experts agree. constitute the most absorbing topic in a worker’s life and the statement that “it is what in the pay envelope that counts” is only half true. The kind of pay and the man- ner of payment are of much more importance to the worker than generally realized. A check and cas may represent the same amount of money but a check is not so prompt usable as cash and it does not have the same significance the worl wan. glll‘pals to regard the matter from a roader viewpoint than that of Pa; Toll safety. The increase of even one cent a week in the cost of paying workers mounts to no inconsiderable sum in the course of & workink vear of 50 weeks, when larce numbers are employed and payment by check, it is claimed, is more expensive. In New York state there are approxi- mately 65,000,000 individual payments made to employes each ye: invol ing a total of between $1,5(0.000,000 &nd $2,000,000,000, of which approx mately only 2-1,000 of 1 per cent has been stolen. Cashing Checks Is Problem. ‘The questions which most employ- ers consider first, however, is where and when checks given employes can be cashed. Usually banks are closed &t hours when workers are free to go to them to cash checks, which forc them to cash them at a store, som. times at a discount or else take time off from work. One company here by paying its workers in cash found a great reduction in the absences of employes on pay day. The paymaster of the B. F. rich Tire and Rubber discussing a possibl to checks said: “I unhesitatingly st that the first and greatest step toward promoing the wel re of employes is paying them in currency. convinced that nothing e which would years of patient E curing the good will and loyalty of our employes as would a change from the plan of paying in currency to pa ment by checks.” Banks Urge Check Plan. Some banks have encouraged pay- ment by check because it tends to lead to saving and cstablishment of accounts by workers, but stitution found that when from a large factory all appe at the paying teller's window at the ne time It so closely resembied @ run on the bank that the president of the institution decided to discon- tinue this s Some con Compan for the enti; em- Employers here indicate that they | such as the Vitro- . deposit a master check e pay roll, together with a list of employes, and have the in- dividual amounts credited to the ac count of each worker. Other em- plovers employ modifications of this plan, for it is recogmized that the mployer has ded economic interest in wages even after the are paid, as unwise gxpenditure of WA by the worker means he has secured a poor return for his effort, Such a condition cannot but react on the employe Two Metho The Detroit Piston puts $5 in cash in velope and give check for the | ance of the weekly w \‘umx“ employers make a prac cluding a $5 or $10 gold plec envelopes In the hope that work will be led to save them In summing up the situ Donald, managing director Amerfcan Management Says: “The informat which we have scc lean very strongly toward a wation of payment in cash, especially for em- ployes receiving less than $2,000 a year. PUSH BUCKET SHOP Ring Compan each pay | tion W. J of i { | WAR ON BfiROKERS‘.: Officials Seek to Keep Cotton Quo- tations From Men Fleecing Small Traders. By the Associated Press, : NEW YORK, November 24 measures to prevent the quo of the New York Cotton E from reaching bucket shops through underground channels were outlined at w meeting vesterday of the busi- | ness conduet committee, which threat- ened to prohibit sending of quotations by wire unless members could Ri\'r‘ full assurance that the information uld not reach unauthorized hands. Seventy members of the exchange, whose houses have out-of-town wires, attended the meeting. Telegraph operators throughout the south were charged with giving out cotton quotations to representatives of bucket shops and with acting fre- quently as agents of the bucket shops, by Marshall Geer and William M Schill, members of the committe Louis' Brooks, chairman of the com- | mittee, was instructed to confer with | gepresentatives of the Western Union dnd Postal Telegraph Companies in an effort to stop this practice. The meeting yesterday was a step . in the campaign, in which the cotton | exchange is working with the At- torney General, and the district at- torney to drive cotton bucketeers out ! of New York, P'resident Edward E, Bartlett, jr., said. Thousands of small traders, officials of the exchange re- | cently asserted, were being swindled ! out of millions of dollars by bucket | shop operators. | “It {8 a sacred duty of the ex- change,” sald Mr. Bartlett, “in so far as It can, to prevent its quotations from being used by unscrupulous per- Bons posing as cotton brokers, who mre taking advantage of a rising market to swindle small farmers and | tradesmen of their savings through | fictitious cotton trades. i LIVERPOOL COTTON. LIVERPOOL, November 24.—Cotton +—Spot quiet; prices steady; good mid- aling, 20.81; fully middling, 20.56; mid- dling, 20.21; low middling, 19.31; good ordinary, 18.31; ordinary, 17.81. Sale: 4,000 bales, including 1,600 American. Receipts, 11,000 bales, including 4.800 American. Futures closed barely steady, November, 20.31; December, Drastic | Wages | is | Corcoras NCIAL, THE NEW YORK CURB MARKET Recelved by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNAN. NEW YORK, November 24.—The highest prices of the week were reached in the oil stocks in today's short session on the curb. Prairie Oil and Gas advanced an- other § points and Standard of In- diana crossed 59, to a new top. The speculative favorites in the inde- pendent group continued active and there was special strength in Gulf States Oil and Royal Canadian. NEW YORK, November 24.—Follow- ing is an official list of bonds and stocks traded in on the New York Curb Mar- ket today: Sules in thousands. 1 Allied Packers 6s. 8 Allied _Packers s 1 Alum_7s new '83... 108 6 Aw Gus & Elec 65.. 98 1 Am Sumat Tob Tis 97 1Am T & T 6 24 1004 101% 3 BONDS High. % o1 815 Heth Steel s Can Nat Ry Equip 7s 1077 Churconl Co Am 8s. K77y Cities Service 7s .. BN3 iraph B gr tr 18 s proefs 19 e R1G un City Term 5igs 1001 tl Match Bias. ... 9435 Kenneeott Cop 7s .. 103% ot Prod 6x nw wi 43 forris & Co Thas ... 99 New Orl Pub Ser on 83 Phila Elec 84s ' Pub Ser of N'J 7s. Rteading Coal 4%, Sears Row 105% 108 013 Vaienum OIF 70000 1064 Websier Ml 658 w1 997y FOREIGN BOND! v of Argent 6s w | King of Nether ¢ Mexican G Russ ( ngla-Am Ol tuntic Loba 210 Twp 0 of Cai 1500 Interl Pet Co Lid 545 Mugnolia Pet . 100 runsic e Washington Oil... Sales INDEPENDENT in bundreds. 8 Ark 1 Carib OIL STOCKS. 3% 157 87"x % Gas nd Service 1 rvice pid ifd B.... 4% 13814 66% tou 0l Corp et Murland 2 Mount 44 Mutu N rod L ol vot efs w Mex Land ... Y 0l 4 Omar 0il & Gax.! Peer 0l Corp Pennock 0il Roy Can Oil & Ret Rian Con Supilpa Refin Favoy O rd Oif n States Ol X 00 & Gas INDUSTRIALS, Amal Leather . 1% : Am Cot Fubrie pfd 97 Am I & Tract 1215 Am Multigraph Co Dan Midl' LA Candy Prod w i Hrit Inter Corp Bl 8 Chee b Ntd A 11 CNi Nip new wob. 2 Chi Nip B tr ow wi Rest 5 Washington Washiugton AFTER CALL. Capital Traction Co.—10 at 98% Wash. Rwg. & Elec. ptd.—10 at T0%. 15 at 70%, 10 at 70%, 10 Washington Gas 6s '33—100 at Washington Gas Light—2 at 48. Wash. Rwy. & PIA—10 at T1%, Money—Call loans 3 and 6 per cent. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Bid. }ac Ty R 100. ashington Asked. 028 103 DH%, u7 e N tion R R. bs... han 5 Wash, Alex. Washi. Balt ! Washin Wash. Kwy Wash, Ry, & Elec. g MISCELLANEOUS, Riggs Reulty 5s (long) Htiggs Realty s (shori Wash, Mkt. Cold Storage Wardman Park Hotel Gs,..... STOCKS. PUBLIC UTILITY. 1243, i 4TI Amer. Capital Wasbiugton Norfolk & Wash. Wash. Rwy. & E Wash, Rwy. & El Terminal Taxl com. NATIONAL BANKS. apital Columbia Commercial DISRCE oooesees Farmers & Mechani Federal-American Liberty Lincoln RO Ty 180 240 189 140 250 ¥ National TRUST COMPANY. Amer. Security and Trust. Continental Trust. Merchants' Bank. 10210000 Cational Savings and Tru Urnion Trust. Wash, Loan and Trast.. . SAVINGS BANK. Commerce and Savings.. East Washington. < Security Savings and Com Seventli Stree United States Washington Mechanic FIRE INSURANCE. . 210 120 18 [ American ....... remen tional s Union. TITLE INSURANCE. Title... ¥ N Tumbi 7 Colus il MISCELLANEOUS, per pfd t Merchants' Transfer & Storage.. 100 Mergenthaler Linotype. 1 Old Dutch Market com.. Old Duteh Market pfd. Lanston Monotype. 20.31; January, 20.27; March, 20.18; May, 20.00; July, 1957, September, 17.40; October, 16.60, Security Weshing Yellow Cab. | 1 uc Realizing saies came into the mar- ket for Universal Pipe common, a leader on Friday, following the an- mouncement that United States Cast Iron Pipe had declared an initial dividend of 3% per cent. The pre- ferred, however, reached 59, up almost & point. Others of the indus- trials were for the most part higher, with Gold Dust and Glen Alden among the leaders. Lone Star consolidated attracted attention in the mining section, large blocks changing hands around Fri- day's final. @ = '3 Fo Bl CEEPY NG R 5 ST ER 1 Goodyear Tire ..., 1 Hudson Co ptd " 3 Int Concrete . 2 Kelwey Motor " 3 Kreake Dept Stores 2 Leader Prod ..... 2 McCrory Stores new 1 Mesabi Tron .. 1 Motor Prod 3 1 24 = (53 forey 258 ;.;’ag» il seees 2 Y Tel Co pfd... IM* rk & Tilford ... Tene Mfg : ad l‘n-lmm petti Candy ZELEREEE. inger Mfg ...... tutz Motor 1111 ude Wulr . ‘Thread Co pfd ... Unit Prof Shar hew Unt Retall Cand. 2U S Lt & Heat ... 9 1U 8 Lt & Heat pfd 3 U S Disteib ....... 14 Universal £1'pr ‘Wi Universal Piopf wi 6 Wayne Conl . ® 50 Arizona Globe 10 a9 Cop. L 0 Copper 18 Cent Amer 5 Continental Mines. . 1 Cons Cop Mive new 60 Cortez Silver . 1 Crown King Co 1 Davis Daly 180 Diamondfield 10 Emma Silver . 10 Eureka Croesus 30 Fortuns Mines 20 Forty-nine Mines 1 Golden Cycle ... 10 Goldfleld Deep Mine 10 Goldfield Florence. .45 70 Goldfield Com & Fa .01 80 Gold Zone ... .... .07 10 Hardshell Min 17 Hawthorne 1 o1 New Jerser Zine. N'Y Porcupine Ohio Cop Ray Hercules ilser Horn Mine. . Simon Silver .. head Goid t Mines b Boy Extens WRIGLEY TO APPEAL $3,000,000 FINDING Gum Manufacturer Denies In- fringement of Larson Com- pany Trade Mark. By the Associated Prass. CHICAGO, November 24—Attorneys for the Wrigley Company have an- nounced that exceptions were ready j 1o be filed in the federal court against | the findings of a master in chancery holding that the gum manufacturers were indebted to the L. P. Larson % | company for more than $3,000,000 for use of & gum wrapper on the basis of profits made by the company during five years. Willlam Wrigley, jr., sald that the case would be contested to the high- est court and that it might be sev- eral years before any final decision could be reached. pany had set aside no money to make a settlement in this case for the con- cern did not expect to have to pay anything after the c ase Is finally ad- cated Reports of a big judgment against the Wrigley company are entirely er- roneous,” ‘sald Mr. Wrigley. ‘“The Wrigley company does not admit that they made any infringement on any other manufacturer’s trade mark.” DECLINE IN BUTTER ON HEAVY IMPORTS Boston Only City During Week to Maintain Steady Price Level. CHICAGO, November 24.—An irreg- ular decline In values has featured the weak and unsettled butter mar- ket duripg the week. Boston alone has maintained a steady price level, and Chicago, after a midweek ad- vance, declined to former prices. An gincrease In visible supply and a de- crease In consumptive demand were considered responsible. Imports were heavier and exerted an influence on the visible supply. Arrivals at New York included 250 casks Holland, 612 boxes Irish, 1,511 casks Siberian, 5,567 casks Danish and 8§00 boxes Canadian from Liverpool, in addition to 312,867 pounds of Ca- nadlan, osing wholesale prices and X 92 score butter, at the principal mar- | kets follow: Chicago, unchanged at 51%; New York, 1% less at 52; Bnlt‘gn. un- changed at §1%; Philadelphla, 1 less at 53. WAGES AGAIN AT PEAK. PITTSBURGH, November 24 (Spe- clal).—Wages are again at the peak point in Pittsburgh, attained during June, this year, when the purchasing ower Wan 39 or tont Snovs BaSS SO a committee of the chamber of com- merce reports. —_— DIVIDENDS. Stoek of \Payable. Record. Tec. 31 Dec. 8 Company. Am. Puon, Ser, Atl Ter Cotta By-P Coke 8% ¢ Boston ted Pr. Rate, of. 84 g0 conv’ b Kloe pet A C&ORR...... oa o Bt um 1ron Ge 2 2322RR] L, seRFiand e B - TOTRNS 0 - ey HEEE o ok Rehulte Rat Bto pf. 'll'_u'lnl. Ot BIP Tr. o Car & Carbon. Wfllllmlt'l'onl ;‘ ‘Willlams Tool pf.. E: 32 Sgzaana I 00N . He sald the com- | EVENING STAR, WASHINGTON, D. 'SOFT COAL MINING | NOW DEMORALIZED “No Buying” Situation in West Causes Sweeping Cut in Operations. By the Associated Press. CHICAGO, November 24—A slump in the market demand for bituminous coal has closed 20 per cent of Illinois mines and 33 per cent of Indiana | mines since January 1, Dr. F. C. Hon- nold, secretary of the Illinois Coal Operators’ Assoclation, sald here. Seventy-one Illinois mines with a potential daily capacity of 100,000 tons or more, and sixty-nine Indiana mines with a gross dally output of more than 50,000 tons, have been closed or abandoned. Lack of cold weather and a gen- eral “no buying” situation has lim- ited thq mines still operating on an average of about two and one-halt days a week, Dr. Honnold explained. This is not brought about by any shortage” he said, “but arises solely from lack of market demand.” Naturally competition is very severe. Because of this many mines, unable to, cover production costs, {have been forced to shut down. More will be forced to close very shortly if there is no demand increase.” Lays Conditlons to Businesw. SPRINGFIELD, 111, November 24.— The coal industry in Illinois was never fn a more demoralized condi- tion than it is today, Henry Fish- wick, vice president of the United [Mine’ Workers of America. said to- iy The reason for the condition as given by Mr. Fishwick is that busi- ness Is bad all over the country and the coal industry can be no excep- tioa. GRAIN PRICES GAIN ON FOREIGN NEWS Renewal of Accord Between Britain and France Helps Wheat in U. S. By the Associated Press CHICAGO, November 24.—Renewal of accord between Great Britain and France as to Germany has furnished a basls for higher wheat prices this | week. as has strength of securities fn Wall street. Co ed with week w this morning showed % to 1#%ally gain, corn was at %al decline to % advance, oats varying from % off to up and provisions unchanged lower. Steep ago, %al to 25 | advances in seterling ex- chunge amounted to the same as material upturn in Liverpool wheat quotations, and hail a like stimul ing effect here. There was gossip that strong _interests supporting wheat were prepared to &tand mod- erate losses in order to help gen- eral business Subscquent free selling and of support, however, w of the enhancem Fine weather rivals of corn for near-by d Meanwhile, and sing ar- pulled down pric iveries of that cereal receipts of oats were nty and the market advanced. ers’ selling acted as some- of a weight on provisions. STOCKS AND BONDS GAIN DURING WEEK ' | 0, SATURDAY, NOVEMBER 24, 1923, Pig Tax Cut Possibilities cussed in Financial BY STUART P. Special Dispatel to The Stas NEW YORK, November 24.—The upward movement in the stock mar- ket has gone too far to be regarded any longer as a mere recovery. It has been a fresh advance, expressing a more general feeling of confidence | in the business outlook for 1924. The main contention of those who looked pessimistically at the future has been that, while the general trade volume was admittedly large, condi- tjons in certain basic industries were | unfavorable and were likely tol spread. Moreover, it has been claimed | that producers comld mot put up prices sufficlently to offset the in- crease in labor and other costs. Hence, the conclusion was drawn that there was to be a steady dwindling of the profit margin all along the line. Pig Iron and Rubber Improve. Recent events have all been against these two propositions. A week ago signs of improvement were noted in copper, one of the basic Industries included in the list of the depressed. During the past week two other con- spicuous weak spots have shown de- cided improvement. One is pig iron, the other the rubber and tire trade Iron prices, after six months of un- interrupted decline, finally reached a level where buying was attracted | in great enough quantity to bring about a_turn There has been similar evidence that such over production as existed a while ago in automobile tires has been corrected. As for the idea of mounting costs eating up profits, this has not been borne out in the ecarn ings statements, either of the rail- roads or of the general run of the big manufacturing _and mining enter- prises. Railway net revenues were held back during the first eight months by the necessity of unusual appropriations for maintenance for equipment repairing the damage done by the shopmen's strike of 1922, But in the two succeeding months, with these appropriations more normal, the net has gone ahead rapialy and the raflroads are making more money than they have in many years Shorter Day Has Not Hurt Steel, In the case of most of the larger steel companfes the wage increase instituted last spring and _the shorte working day put into effect in the summer have not had the unfavor- able effect which many were predict- ing. The Steel poration’ quarter re 3 ability to absorb incre surprising were the third- ments of the porphyry which showed that the labor problem had been succes and that costs had been reduced « decline in copper prices ompanies have made ter showing lately th: WEST. du T it W v (T sed overhead uaily good a was looked Wall Street Sees Good Timen. The Wall street markets of the last week have had something more | in mind that the discovery that the pessimism of the summer and early | autumn was overdone. They hav been looking more to the futire and | have hcen registering the opinion | that even in cases like oil and stecl. | whereas, vet there has been little improvement, the turn Is near atl hand. | In fact, from the prices received | from the California and central! Texas districts. telling of restricted | crude ofl production. it will be a surprise the figures during the next week or so do not indicate much more of a change than any suggested up to now. In the case | of steel it is pretty well established that supplies in consumers' hande are | running low and that the time can- not be far distant when new busi- ness will he flowing in more freely. Tax Reduction Would Help Busineess. | The apparently universal sentiment in favor of tax reduction would seem to make it reasonably probable that something will be done at_the com- ing session of Congress. How much | g0od this would do the business situ- ation depends upon the size of the it Better Domestic and Foreign News Start Advance—Record Transactions. By the Assoclated Press. NEW YORK. November and bond prices moved to higher ground this week in response to a series of favorable forelgn and do- mestic news developments. Cotton futures climbed above cents pound to the highest quotations in| threa vears on further evidence of a shortage in this vear's crop. Wild{ movements took place in the foreign exchange market, which was featured by the further shifting of capitall funds from London and the north- European countries to the States. Favorable domestic opments included a continmation of “million-a-week” car loadings, rel- atively high October railroad earn- 9 statements, higher sugar prices. sed inquiries for pig iron and . announcement of big produc- tion ‘schedules for next yvear by the leading automobile companies. an- other reduction in crude oil outpu. and increased demand for copper. Thursday’s business wis the larg- ost of any day since last June, due} largely to the speotacular gyrations in_Davidson Chemical. The sharp drop in sterling to a new ow level for tho year was due to a variety of caus including heavy speculation selling, based on fear ot a breakup of the entente, the dis turbance to business caused by the general election campaign being fouzht over fiseal policies. REASON FOR HIGH GAS. 24 —Stock | TWO OUNCES OF TURKEY | { PER PERSON IN STORAGE | | Secured br firat deed of trist on real estate. BOSTON, November 24— With Thanksgiving day less than a week away, Hermann C. Lithgoe, director of the division of food and drugs of | the state department of public | health. announces that there are; about two ounces of turkey in the cold storage warehouses of the statc for each person in the commonwealth. | The actual number of pounds on hand fs 462,569, as compared with 243 pounds at the same time a Year ago Which, It is estimated. will allow one turkey for every twenty-five fam- ilies Storage of roasting chickens this month also took a jump as compared with those of November, 1922, Now there are 369,000 pounds’ in stock, as against 284,000 last year. GRAIN RECORDS TUMBLE. Buffalo Reports 100,000,000-Bushel | Drop in Shipments. BUFFALO, N. Y. November 24.—| Movement of grain In the port of Buf- falo will be approximately 100.000.000 ‘hels short of last vear's market, ator and grain men predicted to- It also was predicted that there || Wwill be a very small winter storage flect tied up at the breakwall Last vear approximately 300,000,000 bush- s were handled through Buffalo. Reasons cited for the decrease were late crops and fewer shipments to European countries. Movement through the Welland canal and port of Montreal had increased, it was i d: cut. | earned incomes would touch business conditions in several ways. reducing the charges upon the j prices. come down, count, and party because of the di- rect som| buying pansion | adv up their joint note to Germany. means, vation of the entente, but it does not mean any progress toward the settle- ment of German reparations. quently the | = 1= SN A Iron and Rubber Tire Markets Greatly Improved Also Widely Dis- World—Reduction Would Help Securities—The Outlook. A lessening of the burden -on First, by ucer it would enable him to lower The cost of living would and, partly on this ac- relief through remission of of the present tax, the genernl power would be Increased turn, would promote e in trade The Mellon program, especially in s proposals for the cutting of sur- his, in taxes, would diminish the movement of ca pital into tax-exempt securities. Vealthy persons would be able to ntageously put back some of their money into other kinds of in- tment, and they would have more | heart to engage in new enterprises. European Situation. The European allies have patched thefr differences and have sent This for the present, the preser- Conse- nges have The French forelgn again exc] ottled back franc is well above Its extreme low reached a w N st 2 {1t is below this year. k ago, when Anglo- clatfons seemed badly with that exception figure so far quoted al (Copsright, 19 LT IIIIII-F; o e B E o e - - g a (=] g -] B < Capital One Million Dollars 14th & H Streets w— T Margin of Security We Demand to Safeguard Clients Investing in Our 7% First Mortgage Notes Insures absolute safety under any and all conditions. oldn also our established record of r having lost in either principal or st as much a8 a single penuy. Guara teed titlen insurance policies furnies d with all notes Notts of $100, $250, uo to $5,000 Now on Hand For full particul 0'Donnell, Losn Depr CHAS. D. SAGER 924 14th St. N.W. Main 36. Co-Operative Building Association Organized 1579 434 YEAR COMPLETED Assets -$4,750,762 Surpl 1.207,251 Saving With Best Results Adopt our systematie saving o and you will accomplish more ings than ever, plan sa Subscription for the 85th Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, Presfdent FRANK P. REESIDE, Secy. Money to Loan Prevailing interest oseph I. Weller Mortgage | 7 %" Secured on residences in the Northwest section of the city. Never a Loss Each loan for less than half the market value of the property. Booklet on Request I William S. Phillips | Realtor 15th and KtSu. NW. | Main 4600 id_commission. ) Wash. I & Troat Ridg.. fth & F N.W. 7 7Fir;t‘~ 2aid, without affecting seriously the | PITTSBURGH, November 24 (Spe- cial) —The high prices paid for gaso- line in the Pittsburgh district are due to consumers insisting on using the higher grades because of the greater ease in starting the motor in cold weather, according to a report made to the Chamber of Commerce by a committee. SHORT-TERM SECURITIES. (Quotations furnished by, Redmond & Co.) —Close.— P o Hich P8 1007 10015 1163 101 0 10084 1004 08! Aluminum Co. of Amer.7x 1025 Atluminum Co. of Amer. Tx 1031 American Cofton Oil s 1924 American Sugar 6 1937. American Tel. & Tel. American Tel. & Te Anaconda Copper ‘Anglo-American Ofl Tis 1035 Balto, & Oblo 6s 1024 Canadtan Northera 633 1024, Central Argentine Rwy. 6 10 Central Leather 0s 1925, Ciil, R. 1. & Pacific 5% Chicago Tel. fs 1923 Du Pont Tis 1981... .. 1 Faieon E1. 111, of Hos. 8%« 1025 Federal Sugar. Ref. 65 1033 Fisher Body Corp. 08 1927...0 Flsher Body Corp. Gs 1928. .. Gondsear T. & R. Sk 1931 Great Northern 73 1930, Hocking Valley Ge 10240 Humble Of) 5%s 1932, Rennecott Copper Ts 10 Libby, MeNell & Libby Ty | Michigan State Tel. s 1024 3 P. & 5. 8. M. 835 1 & Co. T35 1630. Penns. K. R. T8 1980. St. Paul Union Depot Swift & Co. be 1082... ... Tidewater 01l 8%s 1031, Union Tank Car 78 1930, Icubier 71 o). .0 o0 Unfon_ 445 Westinghouse E. & M ¥ 1026 COMMODITY NEWS FOR INVESTMENT | Buffalo volume. V,‘ T [ WIRED STAR FROM ENTIRE COUNTRY ST. LOUIS, November 24—Depart- ment store heads here say all Indica- tions point to the largest holiday trade St. Louis ever has had. There is noticeable demand for better grade merchandise. SATTLE, November 24.—Accumu- T anned saimon has. ot caused perceptible weakening of the prices established in September. Re- Ceipts from Alaska for October, ac- cording to the collector of customs at Juneau, amount to nearly lfm.lwfl,- 000" pounds, valued at $13,399,178. Alaska mild cured salmon exports: for October totaled 1,900,000 pounds, val- ued at $201,110. CHICAGO, November — 24.—The leather market here is dull, with up- per leathers in small demand, with the exception of cheap sides. 'There FIRST MORTGAGE LOANS Denominations $100 to $6,250 Interest Rates 615% and 7% All loans secured on modern homes and busi- ness property in best northwest sections of the city. . Ask’ for Information MORRIS CAFRITZ CO : Mortgage Department 913 15th St. NN\W. Main 617 is a falr business passing in import- ed leathers at 15 to 18 cents a foot. Low-grade elk leathers range from 15 to 20 cents, although choice selections of plump welghts bring 35 to 40 cents. DENVER, November 24.—Colorado beet sugar farmers have had their bank accounts increased approximate- made by the Western Sugar Company for 1923 beets. These figures repre. sent about one-third of the total ini- tial value of this year's crop. Safe Investment First mortgage loans in demominations of $250, 3800 and $1.000, secured on Improved 1y $6,500,000 by the first payments | gem! entate: nnuatly. TERRELL & LITTLE, Inc. Ronltors interest 63 per cent, payable FINANCIAL, MONEY TO LOAN We have § Inrge Life 1 Compuny to_place loans on residence property in the City of Washington with Life Insurance attached This is womething new and will appea to every home owner. Under fhis plan. if the bread winner %9 taken away the trust is immediately paid off and your home left free and clear for your family. Come in and + us explain more fully Higbie & Richardson 816 15th St. N.W. First Mortgage Loans Lowest Rates of Interest and ‘Commission, Prompt Action J. Fish Themes & (ot & Sotwan, Ine The Psychology of Investment studying investment psychology. you can realize the combined value of a great many small sums of money. Is not this $50 here and that $50 there worth in- finitely more to you combined in a First Mortgage Note of $100, drawing interest for you every day of the year? And is not the total of many such notes the foundation of a dependable fortune? Especially is this so of our First Mort- gages, because our reputation is wrapped up in keeping them safe and in seeing that the interest reaches you the day it is due. Swartzell, Rheem & Hensey Co. 727 15th Street N.W. 54 Years Without Loss to an Investor In Convenient Denominations For Investors Interest 6¥2% N2 Fifteenth Strect Main 68883 —J MONEY TO LOAN ON FIRST MORTGAGES AT CURRENT RATES OF W% Hagne: & Ca 2207 Grnecticat Brenue WE WONDER IF YOU KNOW —that, according to the estimate of the BET- TER BUSINESS BUREAU of NEW YORK, $600,000,000.00 is lost by the American people every year through unwise investment! No, this was NQT all lost through “wild cat” specu- lation, BUT in supposedly good investments. WHAT WAS THE TROUBLE? Failure to make careful investigations by competent authorities. Here’s Where We Come In! Our expert knowledge, our extensive ex- perience, our sane conservatism, together with our established aggressivemess and financial strength all combine to support our claim that investment in the FIRST MORTGAGE NOTES we are offering the public will assure against being included in the above class, and a war- ranty as to safety of principal and ihterest and any loss by depreciation. JUST GIVE US ONE CHANCE to prove these assertions and we will make good 100%. Consult Our MORTGAGE INVESTMENT DEPARTMENT 713 14th Street N.W. Telephone Main 2345 1206 18th St. N.W.