Evening Star Newspaper, November 28, 1923, Page 17

TINANCIA + NATION'S FARMERS IN STRANGE PLIGHT High-Priced Corn and Low-| Priced Hogs Presents Most Unusual Problem. BY J. C. ROYLE. 1 to The Star. NEW YORK., November farmers of some of the country again find themselves between the devil and the deep sea, as represented by high-priced corn and low-priced logs. ¥arm organization leaders | lave been warning farmers against | selling their hogs, but in spite of that fact, record shipments were rushed to the St. Paul market this week, with consequent severe price declines. Farmers are shipping their corn to market to take advantage of high prices rather than to feed it to their hogs. Many take the nosition that so much of the crop is moist that it is unsafe to erib it. As a consequence of this poliey, farmers are obtaining w profit on their corn but suffering a loss on ! 1h sz<. Corn, unlike wheat, is | not exported to a marked degree ex- | copt snverted into meat prod- <. In consequence. the return | ‘b many farmers get from their corn is dependent on the prices they u for their hogs and The farrowings of last i Vided a tremendous volume of hogs to T fed and marketed this fall. —Th corn carry-over last year, however, { voas small and® farmers were com- lled to pay high prices for corn which to feed these hogs. Hogs today are cheaper than they were at | this date in when corn was 63 | conts v feeders have | 3 e full pastur fed, quently have ained the full potential value | products. ! crmous Sales Made. i s of the ) slaugh 000 for of last Special Disp 28— The present @ as it is pro- their three-qu 10 swine w < compared with 30 <ponding period This deer in the number fed. however, has not sufficed row the spread in prices be- the amount received for hogs| the amount which must b ded in corn to feed them. t spread is narrowed, farme v not obtain the full relative | Jie of their corn and hogs. Iig- vies for the late farrowings this ‘ar are not yet available, but it is iwlieved that the discouraging out- ook for feeding of hogs will result iu diminishing supplies and cause an upturn in prices before next spring his far advio dd to the troubles of the furm- . corn huskers are in short supply many sections. A number of big cjowers in the northwest have had o invest in mechanical huskers to care of their output. Farmers Chevenne county, Kan.. appeal- inz for help in handling the recoj corn crop of that section. Many tieir flelds are vielding fifty bushels th the aere und the ave pected to be at least hushels. Farmers are offe cents @ bushel, with board for hus SHIP FEWER HOGS, STOCK MAN URGES}; Delay Would Boost Prices $2 Peri Ton on “Cheapest Food in America.” re i | 1 1d room Ry the Associated Press. CHICAGO, November 25.—Overload- tng of the terminal markets by un- restricted shipping hogs will in- evitably be followed by a correspond- Ing shortage after February, Ev €. Brow sident of the Livestoc declared end predicted that if farmers Vack one-third of what they ped hog price st £2 in the next sixty or ninety | His statement follows: Hog meat is the cheapest food nroduct fn America. Commission men 1 over the United States regret that | e farmers all over the United States | » sacrificing their hogs at prevail- { ing rulnous prices, when there is sich | « bright prospect in i, The Na-| tional Livestock Exchange has caused { survey to he ma f the hogs in | south and south teliable reports fi author, indic the south per cent of I Eschange, | | hnal here, notd | would unquestion- te a hog short- nd sontheast of { under last year. | “There is a shortage of hog: ada as is shown by the same quality of hogs selling in Canada at § sold in St. Paul today und as sold in Chicago at $6.40 to $6.50. Ts there any reason why hogs should be selling $2 hundred lower in the United States than they are across the border in Canada? “The farmers themselves are the | anly ones that can correct this. If! they feel that they must ship some r most of the hogs they have on hand, I strongly urge them to hold one-third of what they would have shipped. If the 1 will guar- antee that hogs have struck bottom for this winter and that there will be a steady advan the next sixty to | ninety days that will give us at least a advance in prices, rhet winl} only to vancing hog hring more prosperity, ne the farmers, but to eVery industry that has to sell their manufactured products to the farmer than the ad- vance on any other farm product, and I do not hesitate to tell the farmers at this time that there is a strong demand for all kinds of hog meats, hoth on foreign and domestic accounts and that the packers themselves feel | that hogs are low enough and would | rather see lighter receipts and an ad- vancing maricet than to see a panicky condition and farmers selling their hogs regardless of cost. NEW FRUIT FIRM SEEKS TO HEILP SMALL DEALERS Ry the Associated Press. CHICAGO, November 28.—Organiza tion of the Independent Fruit and Prod nce Auction Corporation to handle the citrus and soft fruit of the small in- ependent producers and shippers was | announced here late yesterday. The iruit Auction, composéd of small buy- ers, is capitalized at $500,000, of whict $300,000 has been subscribed, and will begin operations next Monday The Fruit Auction, its organizers an- nounced, is designed to zive independ- «nt producers an opportunity to market thelr products to the small buyers in hhe large cities where auctions are maintained without going to small markets or dealing with large ship- pers’ and producers’ organizations. The Independent auction company, its officers sald, i1s opposed to the auc- tion methods of the large California and Fiorida fruit producers, buyers and shippers. —_— $70,000 LOAN REFUSED. I. C. C. Considers Railroad's Re-| quest Unnecessary. | The Alabama, Florida and Gull’l railroad, a short-line railroad operat- ing in Alabama, was today refused a n of $70.000 which it sought from ‘he government, The Interstate Com- nerce Commission decided that the 1oney Wwas not absolutely necessary for conduet of transportation | vperations, ~ j buy will advanee | = | Rizgs Real { Washington { Amer. Security and Trust.. I p. c. Paper pfd.... L. NEW YORK CURB MARKET Recelved by Private Wire Direct to The Star Office BY WILLIAM NEW YORK, izing sales had ing any further advance in stock the curb market They heavy November 2 the effect of on were the HEFFERNAN, —Real- heck - oil today. ough at times to bring about recessione of w point or more in a number of r but no material w Standard of Indiana held balf point of the Tuesday fina Prairic Oil and Gas, after br 3 points, subsequently r The consistent strength and 1w of Southern States w incident worthy of mnote, alt nothing new i company ha the recent ri de urred to accou _ NEW YORK, ing is an officia traded in on the ket today : st of New BONDS Packers G Allled Am T & T Auglo Am Oil A EW IS i teel 1 &P 3t Servive 75 C.. ph R« par of. D100t UIEN %45 tisher Rody siier Bl at Leather Orlns Pub Penn Pow & Lt Pub Ser of N I 75, PAm P& T 6 wi Serv E1 Pow 6~ Reading Conl Sales in_units, STANDARD O1L ISST Transit . 50 Nortbern P L a0 Ohin Ol new Prairie O & Gus. Praiie P L ... South Penn Ol Sajes in INDEY hundreds. 1 Ark Nut 12 Carib Synd iy Cit Serv 4 Cit Serv pid 5 Cit Sere B cfs Cit Sers serip. Creole Syad F 0 & Bef w0 uIE St 0l & Kexst Latin Marla Mex Mount Mutual New It Natl apulpa Retin sSavoy Ofl . outhern Riates W 01 ; 1ok on ox 0l & Gas.. INDUSTRIALS Alum Mtz 21 Am G & Bl new wi 36 Am Hawaiin & 8., 147 Midland 2 ne .. 11 24 Centrifug Tron Pipe 12 Check Cab Mfd A w Wi 100, pital Traction—10 at at 95%, 10 at §5%. 10 Terminal Taxi com.— AFTER CALL. Washinzton Gas Light —3 at 481 10_nt 487, SALES. Gas Be—$1,000 a1 100, ington at . 10 ar at 1 Joans 5 and 6 per cont within 10014 ent favorites, loped while king corded. active s an hough the situation of the nt for points York Curb Mar- ashington Stock Exchange. £1.000 0 kS 3 at 481, “This exchange will close tomorrow ving dax BONDS. Bid and Asked Prices. PUBLIC UTILITY, & Telga. 4s.. & Telga, 4iis. Tel. & etl. tr. s & Tel. cony. 6. & Potomac G.... . & P, Telephone of ¥ Cap. Traction R. K. 58.... City & Suburban ... Georgetown Gas 1st Metropolitan K. Potomuc Elee. Potomac El Patomac Potomac Pot, Elec. Pow. g m. Wah., Alex. & Mt. ¥ it Alex. & Mt. Wasli, Balt. & Annap. Washington Gas B Washingto Elec. MISCELLANEOUS. g Gong)........ Riges Kealts 58 (short)....0 10 W. 3L Cold Blorags 06 Wardiman Park Hotel 6 STOCKS. PUBLIC’ UTILITY. American Tel. & Te Capital Traction .. a1 Fo o o8 Steamboat Wash. Ry. & Elec. Wash, Ry. & Elec. rminal Taxi com NATION Bank e W Capital Nat, Columbia TRUST COMPANY, Continental Trust i Merchants' Bank. : National Bavings aud Trus "pion Trust ... 5 Wath. Loan and Trist SAVINGS BANK. Commerce and Savings... East Washington. ... See. Sav. & Com. Seventh Streel United States. e Washingtou Mechunics'. FIRE INSURANCE. American Colum! Xeal Estate Titl MISCELLAN Merchants' ‘ransfer & Storage.. 100 Mergenthaler Linotype .. D148 0l Dutch Market com. 0ld Duteh Market pld.. Lanston Monotype Security * Storage. Waskinzton M Yellow Cab was within 5 tradin at ted to nid sold from the subse wter lost most of Improved 1 chain sto temand Department Stor v Tmost higher than the previous top. Shipyard responded to the decla; of the regular quarterly $1.50 dend, and Centritu ) into Ui Vibe than ground g w Improve in_ the market brought about inerc ¥ tivity in copper stocks, but at price | praciically unchanged emium of iption pric the gal by d in es for common nts Todd fon divi- moved versal the rlier in the s Nip new wi Nip b tr new i 1o Puwer & Lt urt Aero cofs hbiliee ¢ & 1 hurant Motor i B lete ui h « ‘ ‘ « aen 1 wrloss Mo Corp Corp ptd Un_ Retail ‘Candy .. 18 Lt & Hent.. TS Distributor Univ Pipe pid wis. Uuiv Pipe pfd wio. MINING 80 p 10 o1 1 hing ¢ Crown 1 Davis Daly . Dolores Esper Kt Croos Fortuna M Ll D Tatieid 1 . . rdshiell Min 1 Top Nevada . a Mine . Nutions P N 1 Now 3 ZAne N Y Purcupine Nevmln Ophi Niplasing Herculps 1 Hili Floren o Mines roix M Stewart Mines Mines Mines Gold Wenden ¢ a0 Wost End i Wert Lorrain 1 Yuken Gold HUGE FREIGHT SHIP SOLD TO GERMANY | Largest Boat of Kind in World Had Been Idle Since the War. Fxt Sileer NEW YORK, November world's largest freight sh i nesota, idle since her transport serv- ce in the war, has been sold to the erman merchant marin nounced today. A tug is now crossing the Atlantic to return t freigther to Germany he Minnesota and her siste fthe Dakota, were built at Groton. { Conn., for the la umes J, Hill for | trunspacific serviee. The Dakota was Tost before the v when she pile up on a rocky Pacitic shoal. Since the {war the Minnesota has b ed up at various local docks. Shipping men said her great size prevented from taking her over STROMBERG VOTES EXTRA DIVIDEND with ship Asked. | Quarterly Disbursement Also De- clared—“Extra” cr Bank Note Also. s the Associated Press NEW YORK. November 28-—The Stromberg Carburetor Company of America today declared an extra divi- dend of $1.50 and a quarterly dividend of $2. payable January 2 to record December 11. The last terly dividend was $1 The American Bank Note Company declared an extra dividend of $5 on common stock. payvahle December 29 to stock of record December 17. quar- TREASURY CERTIFICATES. Rate—AMatrrity. 48 Decembxr 1 4%s March 41js June 1, 4%,% March 15, 4igs Reptember 15 4%s March 15, 1927. 4its Decembar’ 15, STOCK MELON APPROVED. NEW YORK, November 28.—Stock holders of the Congoleum Compan: at a special meeting sterday, ap- !proved the proposed increase of cap- ital stock from 240,000 shares {460,000 shares to permit distribution of ‘the 300 per cent stock dividend {recently declared by the company. Certificates of the mew issue will be forwarded to stockholders on De- cember 22 DIVIDENDS RESUMED. |_NEW YORK, Tidewater Oil Company has resumed dividends when directors authorized payments of $1 a share on December 31 to stockholders of record of De- cember 15. When dividends were omitted in March, 1922, the company was on an $8 annual basis, making quarterly payments of $2 a share. 100 332 100 100 1116 NEW YORK EGG PRICES. NEW YORK, November 28.—Eggs | firmer; receipts, 9,842 cases; fresh j gathered, ‘extra firsts, 53a57; do, firsts, do, seconds and poorer, 30a state, nearby and nearby western hennery whites, firsts to extras, 62a i , fitets to ox them | ock of | to! +| Great Northern 7s 1936.. BASIC COMMODITY PRODUCTION GAIN (First Increase in Four Months, Reserve Board Says in Review. ! An inereas of 3 per cent in pro-| duction of 1 -ommodities—the first increase to he recorded in four | months—featured husiness conditions | during Octobe d the first half of | November, according to a review fis- ued by the Federal erve Board. | While principally due to resumption of anthracite mining, the increase was declarcd also to reflect augment ed activity in textiles, lumber, sugar | {aud most of the other industries in- | cluded in the board's index list. Volume of freight shipments and wholesale trade continued above nor- mal, the iew showed, while whole sale prices and employment were substantially unchanged. Building Contracts G awarded for new build sed 23 per cent over Sep- and throughout the country considerably more than Is at this season” the residential s forming « larger proportion in any previous month of the ent year. pvement of miseella and live Sto ald, “resulted, in October, argest railroad shipments o month on record ale was 12 per cent lar ago, and =ales in all showed iners I ment stors sales were per cent jlarger than last October. and sales | of mall order houses were the largest H ny month gince 1819, Slight Price Declines. “Wholesale prices declined less han 1 per cent in October, accord- to the index of the bureau of tistics, wl stood pproxi- v at the level of a year ago principal nges for the month clines the prices of fuel Lclothing, metals and animal products, while wholesale pri of crops, par- ticularly cotton 1 Durin ! the first haif o ovember the {of wheat, hogs, pis irou and { recrded and prices of cotton and cot- goOUS -nt 1 copper ad- n. Cont ings ine tember, eous the in ny trade year merchandisc Depart- middle of October there | ha 1w slight decline in d for credit fur commereial eultural purposes at men in leading cities. Considerable ses in borrowings for these < in the New York and Chi districts were partially offset by ther districts. Loans | ¥ stocks und bonds in- rewhat, while investments teontinued to decline and reached the polnt for the year. Hanking Status Reported The total member bank dotion at federsl reserve clined between October 17 ber 21 and on the latter date was | Towest the middle of the | Th me of federal | vutstanding, tively the pur- secure ased s mo- de. No- sine total v dit { volume culation 10 during t 50,0 oth ition in- the money in rates showed and during the ber the open ma commercial _paper in N from 3 to & p mey easier | tendeney ket rate ew York cent.” { ] '$12,000,000 INOIL . BONDS PUT ON SALE | IB. & 0. Issue Also on Market—Yel- low Cab Meeting—Other Wall Street Briefs. H NEW were YORK. Nover epened today for seriptions veral { Ings of new seeurities, including $ per cent Pan-Amerlean d Transport Company | 000 issue of Baltimore | sipment trust 000 412 per cent teum nds, 2 $7.0 per cent ec nd 32 Michigan state Londs October zross and the Great Northern r largest in history, th inxg $14.1585.410 and the Directors ¢ of the o net cornings Iroad were former_tota latter $5.294 the Yellow Cab Com- pany of Chicago will meet Monday to fix a date for the disbursement of a 100 per cent stock dividend. An in- | crease in the capital stock from 200,- | | 000 shares 000 shares of no pa i value ‘has heen ‘approved by stock- | holde { Anglo-Persian Oil directors { recommended @ 10 per cent dividend on the common stock for the y | ending March 31, 1923, s compared | '\vith & 20 per cent dividend in each | 1 of the previous three vears, i ' “"Net profits of the Pan-American Pe- | troleum and Transport Company for | !the six mouths ending June 30, 1923, | totaled $14,259,00 Jerome J. Haniuer of Kuhn, (& i i have Loeb | s of | ¥ Com- ice that would be | pany, today express {the readjustment plan | quickly carried in to effe U. S. BEST CUSTOMER. the Assaciated Press OTTAW Ontario. ! United es was Canada’s best cus- | tomer for the twelve months ended jOctober 31 las¥. taking Canadian ex- | i ports valued at $411,292.097. compared | with exports of $367,118.760 to Great | | Britain. In the same period Canada | {imported United States commodities | | valued at $620,864,071. compared with | !imports _of §1 41 from the | | United Kingdom. 4 | The largest single ltem of export by | Canada to the United States was wood | and paper, which reached $221,032,460. Agricultural and vegetable products valued at $251.409,731 were exported | | to the United Kingdom. Canada purchased iron and products from the United amounting to $151,039,008, metallic minerals ‘to the £150,586,476. SHORT-TERM SECURITIES, {(Quotations furnished by Redmond & Co.) » The States | and non- | value m’l | Alminum Co, of Amer. | Amerea Eoictn O i A 1can Sugar 6s e X & Tel. November 25.—The | | | Tel. 5s 1923 SlepEot Thie ga.. o Edison E1. I1l. of Bos. 5ibs 1925 Federal Sugar Ref. 6s 1933..... Flsher Body Corp. e 1627, .. B renr X & . fy 10311 Hocking Valley 6s 1924.... Humble 01l Sige 1082, 00 - opper 7 K‘N“i’;e.cgleselll & Libby 7s 1831, Michigan State Tel 08 1924... AL, St P. & 8. 8. M. 6% 1631 % Ta 000, a. B. K. 78 163 ::.n“Pllll ‘Union Depot Swift & Co. bs 1832, Tidewater Oil 6%s 1f Unlon Tank Car G 18 e Tias 1023 s | aret iron | s VEMBER | o Strawberries $2.50 a Quart In Quick Sale By the Associated Press. NEW YORK, November 28.—The first shipment of the new crop of Florida strawberries, consisting of eighty quarts, arrived in New York today and sold promptly at $ per quart. SHOP SHUTDOWNS CALLED SEASONAL Many Idle Men Expected to Be Taken Back After December 1. ecial Dispateh to The Star. NEW Y.ORK, November 2§.—Rail- road car shops in many sections are reducing their forces, This however, is believed to be only a seasonal cur- tailment due to the rapid progress of repair work during the year and the Improvement recorded in rolling stock and equipment. More than 3,000 men are temporarily {dle in western Penn- Ivania due to the closing of the rennsylvania shops, but it is confl- dently expected that many will be re- turned to work shortly after De- cember 1. The New York, New Haven and Martford road is expected to lay off 400 shopmen at its Readville, Mass., plant until January 1. In the north- west railroad shops have cut opera- tions generally to a five-day-a-week schedule. The St. Panl road which cut. its shop forces 40 per cent, is an exception, but that reduction, it has been assured, is temporary. Ex- ecutives have declared that normal forces will be emploved on the north- west road after January 1. One fact which should be taken in- to careful consideration in regard to | is that the class ne up to November 1 discarded 1,332 s more than they purchased, in spite of the heavy orders which kept car shops active throughout the first ten months of the year. railroad equipment one road: COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY PITTSBURGH, Pa, November 25— Another industry will be added to the Pittsburgh district with the comple- fon of the new Stowe township plant the Chesebrough Manufacturing which Wwill manufacture and furnish employment men and women. Operations w gin about December 1 Novembere signs of the tendency to mill curtailment in New B in anuouncements th Hartford Carpet Company will output at its Clinton, Mass., i that the Kullo Hostery At Franicling XML will elose itely _ST. PAUL, November 25 —Auto: hile owners in this state will pay ap- oximately $1.000,000 more in state in 1924 as a result of the new itor vehicle license law effective January 1. New owners will be hit heardest. as the scale provides for de- terioration. S —Further rd textile ngland are inden PHILADELPHIA, November 28.—As sult of a survey to Indicate possi- ttendance at the proposed Sesqui al celebration here. it has tablished that within 150 miles proples owning ble cent November gone reas, 2§5.—~Fresh to 50 cents a dozen of 4 cents in the PUEBLO. Colo., November 25 —One housand workmen will be added to the p: roll of the Colorado Fuel and iron Company D r 17 by the reopening of th mill. Recent -rs from railroad companies have cssitated the refiring of th rall INNELLSVILLI bus coal is ns of immediate ces are down and tion is being curtailed. DEFENDS EXCHANGE IN PIGGLY WIGGLY CASE November produ Cromwell Replies to Suit on Delay ed Stock Deliveries at Time of “Corner.” Iy the Associated Press. NEW YORK, November 25 —Assert- ing that the New York Stock Exchange's tion in postnoning deliveries of Piggly Wiggly Store: Inc., stock under con- tracts made March 20, 1925 the day the stock was suspended from trading, was justified_under the ciroumstances, Seymour L. Cromwell, president of the New York Stock Exchange, yesterday Teplied to the $100,000 suit for damages racently instituted against exchange of- fielale by Frank C. Milton and Walter L. Smith, of Memphis, Tenn. A copy of the reply was served on wing, Allsy & Voorheas, counsel for the Memphis men, who charged they lost £100,000 by reason of the e: ange’'s suspension of the usual rules overning stock deliveries. Mr. Cromwell's reply was voluminous and included, in addition to a denial of the many allegations contained in the original sult, @ statement of the hange's defense in the action. i The serving of today's papers dis- closed « ruling by the supreme court of Nassan county to the effect that the New York Stock Exchange as an or- nization could not be named a de. fendant, and that the orlginal papers have been amended namng Mr. Crom :(ll!llfllun to various members board of governors. BUTTER IS HIGHER. CHICAGO, November 28.—Butter higher; creamery extras, bl; stagd- ards, 38%: extra 48125015 ; firsts, 45a461a; seconds, 411242} BEges lower; receipts, 3.981 cases . 44247; ordinary firsts, 35a40. of 'the Money for Loans We have clients with funds available for first and second mortgages and for underwriting bond issues, maturing in from 10 to 20 years on apartment houses, hotels, office buildings and other business properties. Location in Washington not essential. . Current rates of inter- est. Reasonable brokerage. Prompt action consist- ent with good business. Federal Realty and Improvement Co. _ 1653 Penna. Ave. N.W. Phone Main ex- | < ‘president of the exchange, in 28, 1923. FINANCIAL. : ™ 'HIGH COURT DROPS TRADE BOARD SUIT Finds Wholesaler Breaks No Law in Ending Dealing With Manufacturer. A wholesaler can, without violating | any law, give notice to a manufac turer that he will discontinue deal- ing with him unless the manufacturer ' ceases selling directly to retailers ' n the wholesaler's territory or pays | him 5 regular wholesaler's commis- on on such business. This was demonstrated yesterday as representing the views of the Su- preme Court in its hearing of u case brought by the Federal Trade Com- mission against Raymond Broth Clark Company of Nebraska. After counsel for the government had con- | cluded his argument, the t, s which had poured upon him s of questions. was so satisfied that the | practice complained of by the com-! miislon was not in vio 1 of 1 that it refused to hea o the Raymond Brother pany. The case presented tion of unusual turers. w Federal flon i counsel ark Com a interest to manu nd retai trade ques- | Commission | | th tol unless it the Basket braska and lo 4 it the regular wholesals discount ou all business with the Basket Stores | Company, it would df. ntinue doing business with the manufacturer. The ! commission insisted that this consti- | tuted unfair competit < in violation of the Federal Trade Com- | missfon act After developing Ly a questions that it as not v the government that the | Brothers- or gave cont aey to restrain it had given court did not consid ment's case warranted fthe other side | Durlng the guestioning of govern- ment counsel members of the expressed the view that a mer had the right to decide for himself | with whom he desired to do business, id that in the case presented by the government the manufacturer had | been given complete freedom to do- cide whether he would continue sell directly to the Basket Sto ompany or would aceept the terms offered him by 1 Broth- ers-Clark Cor LIVE POULTRY LOWER. “HIC. ). Novemuer —Poul alive, lower: fowls, 12a20; spring roosters, 1235: geese, 18; turkeys the ab Al 0 [ amonnts $2,000.00 Wpwards o vale af proper 11 amount SOUTH _JACKSONVILLE, FLA. Established 1912. ! i| Secured on residences in the Northwest section of the il cty. Never a Loss Each loan for less than half the market value of the property. Booklet on Request William S. Phillips Realtor 15th and K Sts. N.W. Main 4600 | First Mortgage Loans Lowest Rates of Interest and Commission. Y Prompt Action H Thomas J. Fisher & Company, Inc. | 738 15th Srreet ! FOR INVESTMENT | FIRST i | MORTGAGE i LOANS Denominations $100 to $6,250 Interest Rates 614% and 7% All loans secured on modern homes and busi- ness property in best northwest sections of the city. Ask for Intormation Mortgage Department 913 15th St. NW. Main 617 Safe Investment $250, $500 and $1,000, sccured on improved | I’ estate; interest 61c per cent, paablc' i i L H TERRELL & LITTLE, Inc. Realtors EW i % First Mortgage Notes Instres absolute safety under any aud all conditious. It alse our established "°|°=| of either principal or interest uch as penny. and insutance policies iraiteed titles furnis¥'d with all notes. Notts of $100, up to $5,000 ow on Hand i} rticulars Mr. [ o B CHAS. D. SAGER 924 14th St N.OW. Mrin 38 | Money to Loan Secured by first deed of trust on real estate. Prevailiog_interest Joseph I Weller 33,0 & ¥ ¥ EQUITABLE Co-Operative Building Association UNDER UNITED STATES GOVERNMENT SUPERVISION Safety and Interest Guaranteed 4. Savings Deposits 49, 59 Certificatesof Deposit 5 “¢ Free Checking Service Banking Hours: S:30 to 5 P.M. THE DEPARTMENTAL BANK 1714 Pennsylvania Ave. N.W. Organized 1879 434 YEAR COMPLETED Assets . Surpl i Save as You Earn make up your mind to lay aside part of your earnings. It is the sure wir to get ahead financially. Join the Equitable. Subseription for the 85th Issue of Stock Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, President FRANK P. REESIDE, Secy. In Convenien Establis First Mortgage Loans For Investors Interest 6%2% ‘12 Fifteenth Strect fied 1889 t Denominations Mai Are You Ever Tempted? We know the pressu to buy questionable stoc floor.” ete. d invest sccurities of all time, na vour mone FIRST MORTGAGES O! IMPROVED REAL IN THE NATION’S CAPITAL We have such notes for sale in denomi- nations to s they yield 67 But turn a deaf ear to all such entreaties tre is sometimes very great ks, to get in “on the ground the most substantial v in mely : ESTATE iit every pocketbook, and 4%—payable semi-annually. Phone or write our Mortgage Department to cxplain details SHANNON - & LUCHS RE ALTORS 713 14th ST. N.W'. TELEPHO NE MAIN 2345 Members Washington Real Estate Board $1,430 a Year from Monthly Savings of $10 TART as a young save and invest $10 man or young woman to a month at 6%2% to 7.13%, reinvest the income regularly at the same rate of interest, and between the vigorous age of 25 and the retirement age of 65 you will have accumu- lated more than $22,000. This will pay you an annual income of $1,430 without your having to invest another dollar. As a matter of fact, in order to create this income of $1,430 a year, you will need to save only $4,800. Compound interest will make up the difference be- tween $4,800 and $22,0 60.64—nearly four times as much interest as principal. Of course, if you can save more than $10 a month you can accomplish proportionately greater results. On the above basis, $20 a month would amount to $44,117.87; $50 a month to $110.297.88; $100 a month to $220, 595.78. Our free booklet, HOW TO B.UILD Ab{ IN- DEPENDENT INCOME, contains the simple story af this easy road to wealth. g T — NO LOSS TO ANY INVESTOR IN 50 YEARS CJhe F.H.SMITH CO. CFounded 1873 FIRST MORTGAGE INVESTMENTS SMITH BUILDING 815 FIFTEENTH ST. send me your free booklet, “Now to Build an 1