Evening Star Newspaper, December 9, 1923, Page 47

STAR, WASHINGTON, D. C. RANGE OF MARKET ] 92 ey 922 - QUAR™QUAR. I"QUAR. 72°QUAR. nu&fuun. 1"QUAR. s-oun unq" T YO Tl | !IIMHM THE SUNDAY BETTER QUTLOOK IN STEEL MARKET| [ Heavy Buying Early in 1924 Now Predicted—Review of Other Metals. FINANCIAL, DECEMBER 9, AVERAGES FINANCTAT, 47 Potomac J billt‘Stock Land Béltk Announces $500,000 Bond Issue “Funds to Be Loaned in Maryland and Virginia—Every Person in U. S. Should Have $44.01--Bank Dividend. | A well established financial - or- ization wouid welcome substan- business man or one who has business connections to join present | group. Communications Confidential. Address Hox 341-K Star Office FIRST MORTGAGE NOTES Fot sale. Consult us if you | funds for investn THOS. E. JARRELL Member Washington Real Estate Board Woodward Bldg. Main 766 Money to Loan { Becured by Brat deed of trust on real est 1924 —PART. | SRR Prevalling \nlemll l-d e-m-nmu-. HOLIDAY TN FIRST MORTGAGE LOANS Denominations $100 to $6,250 Interest R.tu 6%4% and 7% All loans secured on modern homes and busi- ness property in best nerthwest sections of the city. Ask’ for Informatio uailable Heavy Punchasing Reported All Over Country—Anxiety in Dry Goods Trade. - crease in stock since the last report of the controller, this country now has ap- proximately 48 per cent of the world's manetary gold. Public Debt Retirement. Public debt ret chargeable | against ordi veceipts in November totaled $24,921,100, agalnst $67,930,400 ar. For the fiscal veur (o date ,300 has been retired, ugainst 50 in the preceding year. " Pur- | chuses ‘for the sinking fund account during the month were §23,500,000, mak- ing 4 total for five months of the fiscal year $117,161,800, against $174.512,800 in the corresponding period of last year. Purchases were again concentruted on the third liberty lown bonds, of whit 24,251,450 were retived during Noven, ber, against §3,337,500 a year ago, and for the fiscal vear to date, $109,778,500, against $15,128 450 last year. Interest on the public debt in Novem- ber was $79.220.700. ugalnst $80.229,117 lust vear, and for the fiscal vear §484 452,135, against 3374324203 a vear ugo. educting from the five months' total 311452191, representing _acerued di Count on war savings certificates of il of 1918, interest would be 337 ar slightly below last vear's to- tal for’ the similar period > There were still outstanding on No- vember 30 $10.457.900 victory notes cul el for redemption December 1 fnd $22.251,030 victory netes which ma tured May aney Ordeps Increae. of §8 per cent plus was recorded in the amount of money sent abroad by international money order during November as compared With the same month last year, cording to fisures compiled for Post- master General New The largest amount Dircetors of the Potomac Joint Ktack Land Bank have authorized an sdditional issue of $300,000 of 5 per cent thirty-year bonds, which will be put on,the market immediately, Gieorge A Harrls, president of thel institution. announced yesterday. The will be dated as of December callable on Decomber 1. 1933, vith coupons payable the Rig Nutional Bank. . The new issue Potomac Joint Stock Land vorking capital of $1.275.000 n authorized cap surplus of $20. turmer bond issue of half ©f 5 per cent bonds, The success of the Potomac insti- ation, which engages in agricultural ouns in sinia, has ecded e fondest its adherent~. Calls tor tna irom the tarming elemen . tates have been frequent sined | Laception e Lunk on My 2 last, ot the additionut’ bonded o enuble it o carry on vork inut b irted Wore thin $600,00 T loans ciclused, AV rRgINE 34,000 | Special Dispateh to The Star. NEW YORK, December 8 —Business barometers everywhere are register- ing good business and as the holiday trade gets under way reports from east and west, indicate the beginning of a heavy buying movement. From Chicago come reports of such heavy retail business that merchants are not coming in from middie western territory for the annual clearance sales. In New York merchants see an extraordinary bright Christmas ahead. The Federal Reserve Board reports a substantial increase in gales during October in 505 stores in the twelve federal reserve districts. The Depart- ment of Cammerce finds the general activity in production and distribu- tion extending into November. The National City Bank of New.York re- ports general business good in No- vember, with & rather more confldent ifment in industrial and financial circles, and cites the revival of build- iNg 4s u most encouraging symptom. The Bxchange National Bank esti- mates the country’s requirements in new bLulldings at $8,000,000.000. Savings Deposits Gain, Savings deposits in 855 banks all over the country are reported by the Federal Reserve Board as having been on November 1, nearly 10 per cent greater than on November 1, 192 Better conditions in northwest are re- flected in the statement of the Federal Reserve Bank of Minneapolis that the operating banks n its territory, ex- Associnted Press, NEW YORK, December & -If the Views of leuding steel manufacturers and underlying conditions prove ecor- rect, the outlook for bLusiness In the Steel market for the first quarter of nest year s promising and many autioipate activity equal to that at the beginning of the present vear. Railvoads ure expected to buy freely of rails and equipments, while auto- mobile manufacturers are anticipat- ing another big year, and as there iy no accumulation of supplies producers are holding prices firm. Pig iron turn- ed qulet again, but prices were well maintained &y a result of recent large sules and small production. _ A steady, but quiet market prevailed iin copper. Inquiries, however, have | forshadowed a fair demand for the sccond quarter of 1924, Refined pro- duction for November showed some {falling off us compared with October, b g cstimuted at 210,000,000 poypds, l\um.- deliveries info domestic con !sumption and exports for the month azkregated 195,000,000 pounds. Tin ruied higher. with dealers and vonsymers good buyers. as a result of reduced imports of English tin Lead was strong and active at high- er prices. Deliverles are backward and little is offered for prompt ship- {ment inc was easier owing to increased offcrings of prompt shipment result- ing from &n excess of output over consuming needs. Only a slow demand was noted for which ruled a shade Muscle Shoals Offers Unequaled Opportunities The location and present prices make lots in Washing- ton Heights the best | n the \Iuwlg Shoals District. It will pay vou to investigate S. H. Wolberg & Co. 3345 Munsey Bldg. Phone Main issue 1 last at the Bunk which lization ) and u million will give to Mortgage Department 913 15th St. NNW. Main 617 Safe Investment | n f First mortgsge loans in denominations o 0, $300 and $1,000, secured on improved | rest estate; interest 613 per cent, payable! sem-annu TERRELL & LITTLE, Inc. Bealtors 1208 18th Bt N.W. indehtedhesn you have mont will re you act. Willjam B. Westlake Washington, D. €. 728 15th St. N.W. pa) nyern the lu ni the nks at the cl 31 last. total are shown, ofits agEregating total resources of the t Stock Land Bank Lelow the willion-doliar [ ser An 4 was sent to Britain and Mex- mark In addition to local officers and di- et ork nha burg County tor dle the i according o the December 42310 red apita, 208, comp per $1.81 Dicembe'r 1§ increa year cnded tot lited States 36,905, 196, or 1, r 1, total The $ Noven Decer The wimoun tie eur old 21,008 tors Mowing R Bank of La Vlatu ! and Rep of Stuart, Broale nd bank bond specia eFy t re Md 1,543,020 Canada, with Great ico second and th each of them aimost ures for November, Z Regular Dividend Voted. Commercial National < resular quarterly div per cent, pavable on Jan- ckholdérs of record it was announced At i respectively double the nding the weeting, the iniry bankers w pres- Gunby, president of the 1 Bank o1 Sulisbur: dinger, president of ot Buydton, Vi Grattan, jr. of the Rock- Nutional Bank of Hurrison Laurie Miichell, Charles W. Gilbert nton Bank of Clin G, Weaver, vio Boval Nationui SO H W The o declared dend of upry 1 iber night Moody's Weekly Review. Moody's Weekly Review fal Conditions in its cur siys, in part “Holitical cupying the stage. The radi already shown ability to force regulars to compromise with them sud the Lonus supporters will doubt- less great strength. At th same the market position of Tib appears fairly securd “Trade trends remain un spottiness being the general charac teristic “Political disintegration, many appeared alarming, may wel regurded as a normal condition fou defeated mnation ‘after a great It does not, however, presase of civiiization; and indeed e of civilization has to migrations wherein dissolute race was di o ’ last ad of Cl = Aubrey of Front Csentative V. Slokes t Finan- & Co., tock joint will han developments u Per Capita in 1 an, woman and child in the ot should have $i1.01 tohe cireulution statement casury Departinent us 1. which ws the 7ot eircuta with $4.83, on Novemb or $41.50 1922, The d $2.21 per December I Dece agains With .45 and with cuplta, on reulution apita during 0 b decay decreuse been due 4551 ’J“im ninate | ticles. Hence i afford 1o and 192 gold_stock o 84, 64,6/ during 8 during the central ceover, as consumption of sugar, weats and other ar the American Investo take an optimistic Yurope ! indicate Wwwn monetary world amounied to $5 Allowing for probbi fig- issue als have the unged. | which has i always n _— NUMBER OF RAILRCAD EMPLOYES DECREASES Ther fewer September 1 the Comn cmplo ar i < sh The a tota This total was s than that of LIVE STOCK MARKETS. BALTIMORE, 000 e (Special) hut Whart & lutest report Toe ment statistics first month & n te contered mmon ave winted Dl Heer 0 % wuality 1 to avirage ember wus 1 t whart catte Med head 50.80 to to 12 10 t f. Sheep 110 4%, Comnion spring, choice. 1o 10 to 11, Comning struight. 7 to » nd boar to 4 and quility wize nnd quaiity quality, 11s 3 choice fancy o ruir hoice, 11 edinm to ommun. S| Ol b 5000 0,00, ord $ Roug niple thian T.88. nn m 14 per the ruilroads August, aceord © the Interstate | dealing with September wis the Brst of a employment or cent in Commission wiiieh ra n A decre num b { employes in b wh compensation of 32 approxtmatcl Auku NEW Revceints, 5.00810.75; YORK, Decemb ~Cuttle 300 head: state bully s cad 3.0045.25; cows, 1.810 head; steady culls and _little : grassers, 1.50a3.00 Tambs: Redeipts, Sheep, 46,00 0041400 culls Receipts b and December § Steudy cattle market under fair demand. xrade stock and 1iostly cattle, which lower value stockyards at Light | Md., live firm and top lizht iy 1o only Receipts, 330 hwead: steady. mediun weights 20 heavy hoss Togs Light i roughs, receipts o 50, cipt . o ordinary cold at the but receipts Quatations CHICAGO MARKET. CHICAGO. Decomber & preferred, $41z: Libhy MeNeill auality. pound. 7[Swift International. Inie: Unjon ar to 5. Bulls as to| hido, i W ¥ Cows. choiee to fanes. | Manufacturing R to fai to 4 JZR; Swift & Compins at today first 7 um, 105, Yellow 10, (R 1 3729 Northampton Street This is a $22,000.00 proposition, but will sell S for $18, G. B. Likens, 1344 G St. N.W. Main 5057 30.00 on The Conard Apartments 13th and Eye Sts. NW. Furnished and Unfurnished Apartments For Rent One large room. kitchenette, bath and dressing closet. Centrally Located Downtown Office in Building Open Evenings Milk to “hoiec El Steers, 1,620 culls, 0 Armour antimony, easicr. RUSSIA BANISHES ITS SPECULATORS Gamblers Also Sent to Dis- tant Provinces in Wave of Moral Reform. iated Press oW Russia shed @ pale, not for Jews, as in czarist regime, but for gamblers, xious speculators and citlgens usefulness in the upbuilding of the: country is questioned by the officials. Within the next few days, scores of men and their families, barred from living in Moscow, Petrograd or any ot the big cities, will start for the prov- Inees, while several dozen more will be- the long trek ‘to the Narinsky dis- Stberia. the shores of the White or other distant points of exile A vear a decree was issued es- tablishing the right of administrative banishment by the department of the interior. but up to the past few wee this power had been used only sparuig- . Now, however, a greal wave of nioral reform seems to have comc over the communist leaders, who .re jn- clined to Llune the extravagance of wamblers and speculators for the fail- ure of some of the government's com merelal enterpriser. Many communist flicials lmve alwuya been dissatipfied with the gambling and other avils which the dupreciation of the currency has pormitied A few duye ago scores of frequenter of the vavinus aid many “Blask Bourse' speculutors were rounded up by the police. Some were mere some, others were notified th must leave for the provinces within seven duys still others were form i exiled periods of two und three years A Vetrograd dispatch announces t sing of four gambling houses. Me WS ure still open, but they seem 1o be on their Jast legs. It is understood that they paid nearly $2,000,000 1n tuxes and royaities to the Moscow ity coy- {crnment st year. WASHINGTON NEWS FACTOR IN WHEAT CHICAGO. 1L, Deceniber | prices had downward in the absence of any demand except for week end evening up of trades. The close unsettled, 14% to 148 net lower. fand May, 1.09 10 1.09% jed 14 to % down; oats, Y% to lsaty loff, and provisions at unchanged fig: ures to 10 deeline. | With no export demand of conse quence in sight, clearances Hght ex- jcept for flour wnd with the latter | cluding probably a large amount of Canadian wheat ground in bond, the | wheat bulls found Iittle encourage- ment today. It was pointed out that | should the President’s recommenda ol be adopted in regard to ha g the v Finance Corporation evolves some plan that would facili- tate exports of food grains. would be more help for the buyer, but the majority of traders appear ed to be far from optimistic in this respect. On the other hand. bears were seemingly disposed to emphasize the omissio of any mention by President Coolldge that he woyld favor ralsing the wheat tariff, Washington reports that the Senate would probably pass the German re- lief bill without opposition attracted some notiée from wheat traders. but the news failed to influence prices pending knowledge of what the House might do with the bill. Meanwhile, eastern interests were free sellers whenever the market showed any ¥igns of an upturn in price Corn and oats declined with wheat. Predictions were current that ar- rivals of cosn here next week would be larger, notably from western owa. Packers' selllng weakened the pro- vision market after an advance based on reports of good cash demand. NEW ORLEANS COTTON. NEW ORLEANS. La, December 8.— Cotton ' futures clowed barely steady at net losses of 74 to. 90 points, Range: Deceniber. 33.67a33.70; Janu ary. 33.75a33.78; March, 33.92233.93; May, 33.91a33.92; July, 33.40233.43. Spot, steady; 25 points’ lower; mid- dling, 34.25 LINEN SALES ACTIVE. NEW YORK, December 8—Cotton goods markets were quiet, with prices unchanged. Burlaps also were quiet and unchanged. Linen sales for holi- day and January business were more active. Some lines of styled dress ®inghams were sold up and with- drawn. Wool goods were quiet. COPPER AT 13 1-8 CENTS. NEW YORK, December 8.—Copper has been quiet during the past week, with prices holding about steady. Electrolytic 18 said to be available at 1314 delivered, although some-of the producers are holding for 13%. Iron, firm. December A has the ob whose i Ton trict sea ago tor | { i | Frees S.—Wheat a trend today Last year 323.876.458 rs of-sfioen werg made in the Unite: Staton, December, 1.08% to 1,031, | orn finish- | there | Ill“l | The chart above shows | tive stocks dealt in on the of July, 1 up to and tncluding Solid curve represents 20 ind trials section indicate rlume of sales of comnplied by th all Street Journal. the high a New York W tp BONDS. Tel. of Va. and P. ~Wash. Gas A 4.000—Ana and rot. River RR. 5 " Tel 18t o= al Traction 1st 5s ity and Suburban Ry 26.500—Georgetown Gas Light ctropolitan R 1st . P. b8, 55,000—Pot. Elec 154,000 Pot. Flec. 33.500—Pot. Klec 5.600—Pot. Elec t Power 1st ower deb. 63 Power gen. Gs alto. and Annup. % Light sen wnd Elee. cons. wnd Elce. zen s f 15t 500— Wash —Wash. R Wasih. It 53,400 Washington Gas 43.300—Pot. Blec. Power ref 1.500—Dist. of Col. Paper Mfg 3.500—Riggs Realty (long) §00—Wash. Marlet Cold Stors 26.000—Wardman Park Hotel Shares. 8TOCKS, —Capital Tractlon 5.285—Washington « s16—Norfolk an. £116—-Wash. Ry 6,558— Wash. Ry ~Terminal 25—Capital N 15—Comme relal 116—District Natior 16— and Mech 46— Federal-Amerlcan 27—Liberty National 0 Nutional Bank —Nat Metropolitan Bunk E Riggs Nutional Bank 10-—Secand _National Bink —Riggs National Bank rights —Amer. See. and Trust Continentil I s Steamb com ptd and nd Taxlc tional Bauk National Bank. I Bauk Nut. Bank Nat. Bank Bank nd Trust and Trus Bank and Trust 20—Eust Wash. Suvings Bunk 20—Sec. Sav. and Com™ Bank 20— Washington Mechunies’ Firemen's Fire Insurar 100—Columbia Title Tnsuranc 41—Real Lstate Title Insurance 539 -Mergenthaler Tinot 104—Tannton Manotvpe Seeurity Storage Washington Mar UNLISTED DEPAR 60— Amerfean Com. and Saving 50— Barking Trust and Mort 200—Citizens Savings Bank 3 -Department Bank S—Munsey ‘Prust 200—Northeast Savings Dist. Title Innura Wash. Title Tnurs Chiapin-Sacks 5 per cent ¢ Cash. EX-DIVIDEND TABLE. 1 ol Corp.. Carburetor, q Carburetor. ext.... ension Miring. o 5 Tpavable i Stromberg Toropah ! United Trofit-Sharing | United Profit Sharing | terred stock), ext... z Yellow Cab Co. sth........ | g ecemier 1 Missinsipnt Iver Tenn. Biee. Power s Tenn. Fiec. Power 6% lst pf.. Loen., pt., slley Coal Balex. q_. Stmmonn Co. Deceber 13- Allledt Chier, 201 D Ameriean W Amerl Atlan Beech Creek 1t Blumenthal. 8id ! Columbu i Columbus Eiee. and P. lat’ Columbus Elec. and Power 24 Endicott Johnwon, Q..... Endicott Johnwon ‘pf.. 4. Guif Btates Bteel 8% pf.. Guif Btates Bteel 7% pf.. Q........ Tngersoli Rand stock (dividend in com- mon_stock) : New York and Herlem pf., Owens Hottle, 2% Qwens Rottle’ pf. Pacific_Oll Tenn Wa Pere Murquette Rail Publje Rervice of Publle Bervice of Public Service of N Phillips Petrleum. Tobscco Products p Fabssra Cottone. q. o ‘Westers Electric ORDERS FOR NEXT FALL. NEW YORK, December & (Special). —Orders so far placed for men's over- coutings for full, 1924, emphasize the blue-gray shade, which has been fea- tured this season by several of the leading taflors in New York and Lon- don, according to reports recelved from woolen manufacturers in Scot- land. Importers in the United States confirm this report. stating that the orders they are receiving from man- ufacturing clothiers and tailors for next fall give marked preference to blue-gray. —_— FLOWER PRICES FIRM. MINNEAPOLIS, Minn., December $. —Flour unchanged; shipments, 49,225 barrels. Bran, 26.00a27.00. Wheat, No. 1, northern, 1.11%a1.13%: December, 109%; May, 1.13%: July, 1.15. Corn. No. 3. vellow, 67a67%. Oats, No. 3. Thite. 39%a46%, Fiax. 'No. 1, 1304a 102k, The Year 1923 to Date on the Washington Stock Exchange. isked by W. B. Hibbs & Co., H nd Including Saturday, December N, 1923, 8. . of Washingfor ge.. {SELLING IS RENEWED | Larger Ginning Figures Than Ex-| or, | POINtS on e nd low, by weeks, of forty representa- Stock Exchange, from the first weeik the week ending Decembe 15 and outline curve 20 ra all stocks. Averages usec Open. w4 High. Low. 1 !car 3 jopening of the new Bank. .. ferred IN COTTON MARKET pected Cause Saturday Declines. By the Assariated Press NEW YORK. December 8—Larger ginning figures than expected followed by u renewal of more or-less general selling or liquidation in the cotton market here today. The price of January broke to 33.78 or 85 peints below Friday's closing quatation’and into new low. ground for the move- ment. Rallies of some 25 or 30 points from the lowest were not maintained and January closed at 33.80, with the general market closing easy and ir- regular at net declines of 60 to 84 all _months except April, which was 110 pofnts net lower. The ginning of 9.243,917 bales to December 1, was most generally in- terpreted as pointing to a crop of be- tween 10.000,000 and -10,100,000 bales, compared with recent ideas of around 9,800,000 to 9.900,000. In some quar- ters these crop figures were com. were [inerease {greater eco the finished produc eépt in any time since 1819. In the dry goods trade the giluation o ris Higher prices have American Chronicle, declares output problem. higher prices. The sale Dry Goods Associal cember” bulletin, piece goods are replacement cost there ¢ cotton. an wuthorit that is the only now of by dates. Nor will bers sell goods for de the end of this year. not know what they pay for goods. Jobhe such staple fabrics as nainsooks at 4 to 5 what they will have to Exports of boots and gain of 413 per cent ten months of this v of the same period of duction and domestic shoes are proceeding scale. The increased m mobiles from factorie month reflects the ducers and re shortage in the heayy buyving period Production of cars for poses. as well as to requirements. will 1y at a satisfactory le ber, with promise of a’ operating _schedules « ¥ y slac is ening to be Further production the aggregate output siderably greater than ago. SOAP SALES IN 10 The Star. 1 Sperial Diapat NEW YORK, undry ilk lingeri 10w survey head of the Market T of 11 Procter & Gian aid that “the use of for washing silk stacks silk lingerie has sh in rural secti Alcates that the Aaughter are now o privileges of their cf The rescarch and co tisties sh that the manufactured soap i ritory s now nearly in urban territory. whe sgo it was 25 per cen Only a fow years Fruttor., “many farme cwn o moan at certain vear. Now. due im facturing conditions, conomies and and stocki made by in uncommon to find makes his own soap. “Advertising in sl i nost of the a be % {| 1osures absolute safety uu conditions. It Upholds aleo onr eatabl's never baviog lost interest Guars’ furniswd with ai) not particulars 034 3¢k st Maln 36. mented upon in eonnection with re- nt _reports of light-weight bales and the low grade of the crop, but the immediate market seemed to be domi- cd by disappointment over the failure of the ginnings to confirm smaller estimates of the yield. Pri- vate cables reported covering in the Liverpool market owing to the rela- tive steadiness of southern spot mar- kets. and houses with Liverpool and nnections were among the buyers here on the deeline. —_— I. C. C. GRANTS PERMIT. $23,500,000 Note Issue Planned by Southern Pacific. The Southern Pacific railway was given permission vesteriay by the Interstate Commerce Commission to issue and sell $23500,000 in equip- ment trust certificatcs. The securi- ties will cover a part of the pur- chase cost of new rolling stock, which the raflroad has either under contract now or put into operation recently. ¥ A commission order’ was issued. giv- ing the Chicago, Milwaukee and St. Paul railroad .authority: to build a nine-mile line in Ramsey county, Minn.. to serve a new plant of the Ford Motor. Company, 6'2% upward. Secured on Improved Properties Only JAMES F. 643.Louisiana Ave. NW. First Mortgages $250 and Up ‘Write or Call for William S. Phillips IETH STLAT K N isolated instances, better position statistically than in cotton has grown more szyptian and Indfan as well as The curtailment soluf Phis, of course, will entail ational says n be no question On the other hand. manufacturers raturally enough, are refusing to ac- cept orders for delivery cents Shee Exports Increasing. desire ailers to forestal spring, is keep month. due to normal conditions, _—— Few Farmers Now Mnke Own Sup- ply, Investigator Finds: smber of the farmer's wn a4 tren furmer's First Mortgage Notes Need "Gltigs and Ihsurance’ policies FIRST MORTGAGE INVESTMENTS are in a at industry and reated by the acute for for Financial on Christmas Sift that will be 2 develope ‘ bonus on short term Constant Reminder First Trust Building Loans Washington Home Builders’ Association, Inc. 1406 H St. N.W. Phones Main 6894 & 4713 of n of the giver. $100 - $500 - $1,000 Bonds Whole- tien. in its De- | that cotton selling _below this, indeed, [ ew livery, since ond near- York Jjob- i beyond they do will have to rs are selling popular-pric Jess tha pay for them The income will buy gifts in the fatare. Write for Particulars hoes sho for the first| er those |2 Hoth p listribution of on a moderate Continental Trust Company Capital One Mllhon Dollars 14th & H Streets T TN T T T |F. J. LISMAN & CO. Established 1890 Members New York Stock Exchangs 20 Exchange Place New York ment of auto- | to dealers this of pro-| any | when @ anticipated stocking pur- meet currer plant activ Vel in Decem- | veturn to high | following ihe | in exp will be con- that of a year CREASE. OUR FIRST MORTGAGES s The wife is fine ngs, according H. 5. Brutton. | carch Burean | nble Co. whe e soup flal nis and fanes rdonis which in wife and ving all the sisters nparative onsumpti suburban caqual to that Teas ten yeurs o1 20" savs rs mude tin the wproved man resulting in | P better quality | 4 st it is quite | . . rmer who ) ts forms is to| credit for this arc an anchor to windward in financial storms. They pay a good Quarter return, mature at short intervals of u and are always worth par. Century Without noef Loss | 4 | Mr. thieir SAUL CO. Main 2100 1412 Eye St. N. WZ Margin of Security ‘We Demand to Safeguard Clients Investing in Our 1f You Believe in the United States—You Believe in Washington THE INVESTMENT PRE-EMINENT FIRST- TRUST NOTES 7% INTEREST We have a limited number of notes available in amounts from $250 to $1,000. Allan E. Walker Investment Co. Securities Department der any aod all shed record of priocipal or 2pply crnuun s Depattment. CHAS. D. SAGER' Southern Building Main 2690 $500, $750, MONEY TO LOA ON DISTRICT OF COLUMBIA AND CHEVY CHASE, MD., RESIDENCES 5Y,% Interest SHEA H. L. RUST COMPANY 912 15TH STREET N.W. MAIN 6888 LOAN CORRESPONDENT FOR THE_ PRUDENTIAL INSURANCE COMPANY OF AMERICA “Besklet.” /. Matn 4000,