Evening Star Newspaper, December 11, 1923, Page 29

FINANCIAL, MEXICAN REVOLT BUSINESS BLOW Americans See Big‘ Sethack to Returning Stability. Exports Face Cut. BY J. C. ROYLE. Dlspateh to The Star. YORK, December 11.—The tmmediate effect on business in the United States of the revolt raised In Mexico by Adolfo de la -Huerta agalnst the Obregon government Wil be measured in psychological effect rather thah in dollars and cents, but it will ‘be none the less real. Whether the nfovement is long continued or not, American business men have re- ceived a severe blow to their hopes that etability and tranquillity had been permanently returned to the southern republi Men closely associated with. busi- ness affairs with Mexico pointed out today th ney could scarcely be ex- pected to place reliance on conditions and -guarantees in which Mexicans themseives had such little faith. For back of the present revolutionary movement is a_deep distrust of the fairness and efficacy of the Mexican clections. Voting Is Unneeessary. The situation from the Mexlican viewpoint was strikingly outlined to the writer by a man who has spent fifty of his seventy years in active participation in Mexican politics and pubfic life. Ho was asked how he would vote. “In my entire lifetime,”" he answersd, “I have never cast a ballot. If my party was in céntrol it was not necessary and if the other party was in control it was useless.” Stnce tho new constitution was promulgated -prohibiting the presi- dent of Mexico from succeeding him- elf in office there has been a come stant fear that the incumbent would succeed himself in effect, if mot In name, by diotating through force or influence or other means who hiv suc- cessor should be. Carranza’s”advo- cacy of the candidacy of Ignacio Bonillas was followed immediately by the revolt which placed Obregon at the head of affairs. Obregon, in his turn, has espoused the capgdidacy of P. Ellas Calles as against that of Do la Huerta in the elections which are scheduled for next June. The * latter claims that the cards were be- ing stacked against him. Many Business Laws. When Mexico turned from the Diaz regime many leaders went almost as far toward radicalism In the oppo- site direction. Laws were promul- gated regulating employment and the conduct of business, which many em- ployers and outside {nvestors de- clared prohibited business operations at a profit. Lands were expropri- * ated and divided among the common people. Calles is known to have ex- tremely radical tendencies, while De 1a Huerta claims that property rights, {ndividual rights and state rights have bren violated in carrylng out somie of the radical programs. The Obregon administration, in which de La Huerta had been minis- ter of finance countered these charges by giving out after his resignation to become a candidate for president, locuments tending to show that he had not properly administered his office. Those are the issues which form the background of the dispute, but loom- ing large behind all is the old Mex- an tale nal ambition. In- s is concerned, Mex- be the chief sufferer. Im- rom Mexico to this country for months totaled $114,- compared. with exports from the United States to Mexico of §89.307.000. So_the balance of trade is in Moxico's favor. Long Trade Halt Unlikely, s unlikely that trade will be cut ntirely or for any extended period. Obregon is in control of most of the ports of entry outside of Vera Cruz. Even in the most critical period of revolution from 1914 on shipments of goods and commodlties dia_not entirely cease. n if they shouid be cut off en- the products drawn from Mexico are not acutely needed here. The flow of the Tampico oil flelds has been materlally cut down in the last year and there are tremendous stocks of ofl now in storage in this country. The Mexican silver production is fac- ing a dull world market. Most of her lead goes to Europe. Her cattle herds ars still too deplet=d to be a factor for export, and the chicle, sisal and hard- woods 'come from sections with which communication is unlikely to be inter- rupted. American exports of shoes, cotton goods, hats &nd ciothing may suffer to some extont, but what will suffer most are the confidence and under- standing of business men and the op- portur for the United States to dominate mark formerly, held by British, French and Spanish interests. ors co ed with the nego- ayment of back interest xican government bonds ex- press little anxiety over the situation. RANCHES ARE BOOMING. Well Started on Texas Ranges—Cattle Doing Well. Spectal Dispatch to The Star. RUSSBLVILLE, Tex., December 11, —In the last week forty carloads of cattle have been shipped through here to market from the Matador ranch, one of the largest in the Panhandle This is taken to indicate that range conditions are good. About 20,000 hiead of cows will be retained on the ranch this winter. Grass has started snd the cattle are expected to winter well. Some cotton seed cake will be required for feeding, however. SHORT-TERM SECURITIES, (Quotations furnished by Redmond & Co.) —Noon.—, Rid. Ofer. Aluminum Co. of Amer. 7s 1925, 102 © 10715 Aluminum Co. of Amer. Ts 1 106% 100 sofar 1o w ports the first 255,000, Grass lo-American Oil Paitiore & Ohio Gs 1 24 Canadinn Northern Biss 192 Central Argentine It s risher Body Corp. 68 1025, T. & H 3 ecott pper_7s 14 oy, aiexell % Libby Iu i Michigam State Tel 3x 1924, M., 8t P. 5. M. a8 1! Penns. R. st. Paul Unio Swift & L'('Ou 85‘6 Y. ewater s 1081, Ttx‘an Tank Car 7s 1930. bher 7i3s 1030 Wentern Un on 8is 1 Westinghouse E. & M TREASULRY CERIIFICATES. 100, S 10510 100816 99 20-32 100 1008 * 1925 5 e ol 100 tember 13, : March 15, 1627 100116 100 8 4988 December 13, 1627... 100 116 100 318 ———i Have You Been Stung Yet? Some men have to get stung good and hard before they learn to be cau- tious in making Investments, B fore you. invest—investigate! THE EVENING NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office BY. WILLIAM F. HEFFERNAN. NEW YORK, December 1l.—Irreg- ularity prevailed most of the day on the curb market, and most of the speculative leaders went lower under heavy rol.llllny sales. Operations for the rise in special issues, however, were not abandoned. Dunhill Inesrnational reached a new top abovc 32 shortly after the opening, but lost more than the gain later. Buying of Dunhlll is based on bellef that the. company will be-In- cluded in the new tobacco concern being formed by the Schulte interests. KresggrDepartment Stores sold at a new high of 4513. The company is rounding out the best year In its history. The new Wrigley shares had another large turnover, but the prices were little changed. NEW YORK, December ll.-l"onow-r ing is an official list of bonds and stocks tfaded in on the New York Curb Mar- ket today : Sales in thousands, 1 Allied Packi 8 Allied_Packers 8 2 Am Cot Ol 6s. Light s Light 8s v 2 To %8 s + 100 "ol Graph Bs par Cons Gas Balto 68 Cons Textiles Detrott City 5 Fisher Body 6s 5 LT3 6 Galena Sig 0il 7 5 Grand Trunk 614s 14 Int Match 6%s w 1. 8 Kan City Term Sige. 8 Lehigh Power da.:' 9 Libby MeN & L .. 8 Morrly & Co Tim... 8 Natl Leather ... 10 Ohio Power os B.... 1 Phila Elee 5 23 Phila_Elec 53 41 Nor St Pow 6 11 Pub Sery of N J 78 2 Pub Serv El Pow 6 1 Shawsheen s ..... I 2 Slow Rhet_ s v e ) 'n Ry of Hav Tiss Mills 0ige wi 987 FOREIGN BONDS. 5 King of Nether 6s. 5 Mexican Govt 3s "6 5 Mexclan Govt 5e ‘04 u Govt 68 ... 18 Russian Govt bis.. 18 Russian Govt 6. . 58 Russ Govt B3gs cfs. 28 Swiks Govt Biam.... 47 Swiss Govt 5s 5 18U Sales in units. 700 Anglo Am Ol 10 Buckeye P L.. 10 Cumberland P L 35 Gal Sig Oil 800 Humble O & R new 36% 215 Tmp Ofl of Can.... 107k 4000 Intl Pet Co Ltd... 16% 10 Maguolia Pet 50 N Y Transit 60 Northern P L. 300 Ohlo Ofl new. 920 Prairie Ol & 50 Prairie P L. 20 South Penn 5600 § O Ind 200 8 0 Kan 1000 § O Kr. 2008 0 N 20 8 0 Obo... 30 Swan & Fine 1000 Vacuum Ofl new Sales INDEPENDENT in hundreds. 1 Ark Nit Gas 2 Carib Synd 1 Cit Serv 1 Cit Serv pfd 4 Cit Serv ptd B $1000 Cit Serv C serlp $13000 Cit Serv serip . 26 Creole Syndicats.... 80 Engineers Pet. ederal 0. 5 Mexi S of Mexico ds.. 34% STANDARD OIL ISSUES. 8 8 5% 5% OIL STOCKS. 4% SR PN # £ 2GR0 &R MR Wi 20 Hodson Ol A 2 Keystone Ranger. D Marland ... 63 Mount Prod : 55 Mutnal Ol vot cfa 5 New Brad Ofl wi.. 10 Noble 0l & Gi 6 Omar Ol & 1 Peer it Corp Washington Stock Exchange. SALES, Washington Ry, & Elec. 4s 81,000 at 693, . —10 at 98. Capital Traction Datere Washington Rw:é“h Elec. com. 675, 10 at 87%. 8 i marcial Nationtl Bank—10 at M1, 5 at ational Bank—3 at 295, % at 295. AFTER CALL. Capital Traction Co.—10 at 97%. Wishington Rwy. & Elec. pfd.—27 at 714, 50_at 71%. % k. Hotel 8s '37—8$1,000 at 9915, e pton vy com.—100 &5 69, 1,000 at 70, 10 at 70. Money—Call loans, 5 and 6 per cent. BONDS. Bid and Agked Prices: PUBLIC UTILITY. SaS8. SEBERY S Asked. Bid. 3 92% Americtn ‘Tel. & Telga. s American Tel. & Telga. 4 Am. Tel. & Fel. ctl. Am. Tel. & Tel. con & Potor 2 acostia & Potomac guar. O C. & I. Telephone 5s.. C. & P. Telephone of Va, Capital’ Traction ®. R. 5 City & Suburbaa Ga Georgetown Gas lst Metropolitan R. B. Potomac Elec. Yot. Kiec, Pow. &. o7 h., Alex. & . ¥ Alex. & Mt. Ver, ‘Bait. & Ahuap. Ds. ington Gan O hington Gas Wash. Rwy. & Elec. MISCELLA: D. C. Paper Mfg. 8s.. Riggs Realty 08 (long) Riggs Replty 58 (shor0)...... Whsh, Market Cold Storage 5 ‘Wardman Park Hotel 6s.. STOCKS. PUBLIC BTILITY. ket 101 60% KT 100 71! NATIONAL BANK. i Columbia. | Commercial District 180 Farmers' ‘& Mechanics’... Federal-Ames Liberty Lincoln SAVINGS BANK. Commerce and Bavings. EastWashington. Security 8av. & Com. Seventh Street.. United States. Washiugton Mechanics’ FIRE INSURANCE. American | Corcoran . 1 Firemen's ‘National Usion.. .. 5 TITLE INSURANCE. Columbla _ Title. Real Estate Tit! MISCELLANEOUS, Mere er} dia “Duteh Market com. Merket pfd. 01d_Dute londtype. The syndicate which offered 300,000 shares for public subscription at $40 share a little over 2 month ago has been closed. Wrigley sold today frac- tionally above the subscription price. Monday's improvement in dio com- ‘mon was maintained and the stock continued active at its top price. It was stated that the stock is likely to &0_on aregular dividend basis shortly. Dealings in the Standard Olls were | smaller, and the majority moved over | a range of a half point. Wilcox Ofl/ and Gas and Southern States fea-| tured the inm:pendents. New York Porcupine reached the dollar level, where it was at its best of the year. Activity prevailed in the new Hawthorne Mines around its| high level. A shipment of silver lead ore running 200 to 300 ounces of sil- ver is being made ready, it was re- ported today. 16 Pennock Of} 12% 3 Roy Can Oll & Ret ~ & 1 Ryan .Con . 3 5 8alt Ck Prod 2 Sapulpa Refin’. & Seaboard 01 482 Bou States Oil 1 Turman Oil . 7 82 Wilcox Ol & Gas. 6% INDUSTRIALS. 2 Amal Leather pfd &5 8 Ar Daniels Midland 20% 3 Prod Cor wi 1 12y 45 & Car Light .. 2 Centrif Iron Pi Checker Cab 3 Chic Nip new wi Chi Nip B tr nw Cleveland Auto Cuba Co ... Duilier ¢ & Radio Durant Mot East Steel Castingn ohill Int Inc illecte Safety leasonite Piod len Alden Coal .. 4 Dust Co w i Goodyear Tire ... ydrox € e BESn o Searem B! Beran Leader Produc ... Lupton, F M, A Midvalé (o . Motor Prod Nat Leather ...... N Y Tel Co ptd... Paige Motor a Park & Tilford. .. Pyrene Mg ...... Kadio Corp o Corp ptd’ .. d Conl rts wi gais mie FSetZagal Bl SmiForie .l Rosend Graln Corp So C &1 uew ... . T e Beats Motor | Swift Iut . Bwift & Cb.... Ten Elec Powe Tob Proa Expo Todd Ship ... Unton Carbide """ Tn Pfi Shar new. Un_ Retail Candy. U 8Lt & Heat..... U S Distributor Wayne Coal . Wil Corp_1at p Wil Cor 1 pt cf dp Wrig WJIro o wi ¥ C NY ex vig MINING 15 Alasks Rrit-Colo. . 40 Arizona Globe Cop. . 10 Belcher Extens ... . 20 Boston Mont Corp. .. 20 Butte & Western. 12 Canario Copper Candelaria Min .. Central Amer Mines Cons Cop Mives new Corter Biiver 2 2 Cresson Gold 4 Davis Daly 80 Fortuna Mives 10 Forts-nine Mines .. . 20 Goldfleld Develop . Goldteid Deep Mins Gold Zone . 5 en Monster Hardshell Min Hill Top Neva Independence Le. 7 Jerome V Devel. Love Star . Mason Vai . Mohican Cop . 2 Hawthorne Mine. tional Tin... ... ew Dominion Cop. York Porcuplne. Niplssing Ohilo Coppe: Premler Gold Rex Cons.. St Croix Mines.... Stiver King Cons... Success Mines Superstition Mines. Sutherland Dev Mi. Teck Hughes Tonopah Div} Tonopah Mia . Tuolumne Eem S e S e SUGAR FUTURES GAIN. Raw Sugar Market Develops Much More Activity. NEW YORK, December 11.—There was more activity in the raw sugar market early today. Spot prices were unchanged at 51 for Cubas, cost and freight, equal to 7.28 for centrifugal The sales included 10,000 bags of Cubas for January shipment at 5%, cost and freight; 30,000 bags for first half January at 5% and 30,000 bags for second half of January at 5%, the latter equal to 7.18 for centrifugal. Raw sugar futures wers more ac- tive, and prices were higher on re- newed trade and commission houss buying, prompted by the increasing activity and strength in the spat mar- ket. Opening prices were 4 to 5 pointe higher, and at midday the list showed gains of 5 to 11 points. RAW WOOL STRONGER. Rising Tendensy Abroad Help to Home Market. BOSTON, December 11 (Speclal).— STAR, WASHI {CALIFORNIA HAS 3,300 MAY INCREASE STOCK. Jordan Motor Company Calls Meeting of Stockholders. CLEVELAND, Ohio, December 11.— The board-of directors of the Jordan Motor Car Company has called upon the stockholders to meet December 22 to consider the advisabllity of in- creasing the authorized common shares of the company from 12,000 shares of no par value to zoo.oool shares of no par value. ' Should the stockholders authorize the Increase it is the intention of the directors to | declare a stock dividend of six shares of common stock upon each share outstanding. MOTOR TRANSIT CARS SACRAMENTO, Calif., December 11, —California’s motor transport indus- try utilizes 3,300 vehicles, represents an investment of $12,500.000 and in 1822 carried more than 21,000,000,000 passengers. Operating expenses last year were $14,322,725.34 and revenues $15,549,349.94. These figures are «hown' In reports to the California railroad commission. Passenger service, with a few changes of cars, is avallable from | the Mexican border to the Oregon | line and from the Pacific to Nevada. Through service, with several cars daily, is operated between San Fran- cisco and Los Angeles. Adoption of large safety coaches, | bullt for long-diatance ' passenger | service, is improving the quality of servic —_— TODAY’S TICKER SPARKS. Wrigley Stock All Taken—DMore Dividends Voted. NEW YORK, December 11.—The syndicate which recently affered 300,800 shares of the capital stock of the Willlam Wrigley, ir.. Company has been dissolved mora than a month in advance of the specified time. The shares were disposed of at $40 a share. A special meeting of the stockhold- ers of the Consolidation Coal Com- pany has been called for Decemnber 21 to vote on a proposed amendment to the charter permitting @ change in the par value of the capital sinck and the issuing of $10,000,000 7 per cent cumulative redeemable preferred stock. The Standard Coupler Company has declared a dividend of § per cent on the preferred stock, spec¢i- fying that 4 per cent is for the first six months of 1923 and 4 er zent for the last six months of the yeor. The dividend is payably January 1824, to stock of record December 2. EX-DIVIDEND TABLE. December 13— Am. Can pf., q. Am. Loco., § Am. Torco. pf. Lehigh Valtey E Montana Power, g Montana Power pf., q Simmons Co., q December 14- Aliied C) $1.75 q Woolen pf.. q Coast Line, Beech Creek R. K., q 3 Blumenthal. Sidney & Co. 7 Columbus ¥ & Power dicott Johnson, q... dicott Johnson' pf.. q. € Btates Steel 66 pf f Btates 1 7% pf..q. . Togersoll Rand stock (dividend fn éom- mon stock)....... Mother Lode coalition, National Lead New York and ¥ New York and B Owenn Bottie, g wens Bottle pf., q... cifc Ofl, aa.... . ] Penn Water and Power. q Pere Marquette Railway, q Public Service of N. J., lic Service of N. ic Service of N. J. 8% Phillips. Petroleum, q... Tobaceo Products p. Wabassa Cottons, q. Western Electric pf., q LIVERPOOL COTTON. LIVERPOOL, December 11.—Cotton Spot, limited demand; prices steady; d middling, 18.89; fully middling, 59; middling, 18.04; low middling, 5 pvimlrl ordinary, 16.04; ordinary 5 Sales, 4,000 bales, includ 2600 American: receipis, 33,000 bales | including 5900 American. Futures closed steady: December, 19.12; Jan- uhry, 19.12; March, 19.10; May, 18.99; July, 18.54 tember, 16.34; October, | 15.64; December (1924), 3. 1 COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY SPRINGFIELD, Mo., December 11. —The Missourl tobacco yleld this year was about 1,100 pounds to the acre, or a total of 7,700,000 pounds, as compared with 4,500,000 pounds last year. WHEELING, W. December 11. —The plant of the North Wheeling Glass Company, idle for twenty-two months, has been taken over by the ‘Wheeling Glass Manufacturing Com- pany and wlill begin work soon, giv- ing employment to 500 men. - SAN FRANCISCO, December 11.— California's citrus frult crop this year wiil be the largest In the his- tory of the state, according to a sur- vey by the Southern Pacific rallroad just completed. The road estimated 70.000 carioads of oranges, grape- fruit and lemons will be shipped out of the state. Last vear the ship- ments totaled 59,674 carloads. } A firmer fone characterized the local raw wool markets today, reflecting the rising tendency in Bradford, Eng- land. Ohlo delaines were quoted as high as 56 cents. Half-breeds have sold at about the same figure, and three-elghths bloods at 55 cents. Much interest is occasioned by the arrival of Australian new-clip wools, owing to the scarcity of really high grades. Receipts at Boston Monday were 408 bags of domestie wool. CHICAGO HOTEL POSTED AFTER BEING RAIDED Contagious Disease Signs Placed by Health Officers on Place Called Immoral. By the Associated Press, CHICAGO, December 11.—Cit. Health Commissioner H. C. Bundesen yesterday ordered conspicuous con- tagious disease slgns to _be posted on the font of Albany Hotel, where eleven men and women were arrested in a raid early Sunday, charged with belng Inmates of an immoral resort. ‘Social disease kills 10,000, where smallpox kills one,” sald Commi :ll‘::nermflunkde;etn‘ Tl;ola arrested in rald asked for a jury trial, which ‘was set for December 'r{ o4 HEAR EULOGY IN N. Y. Coolidge Trihute “to Harding Radioed to Ohio Society. NEW YORK, December 11.—Mem- bers of the Ohio Society halted their business meeting last night to listen by radio to President Coolidge's eulogy of Warren G. Harding. At the close the Ohio men voted unani- mously to send a telegram to the President thanking him in the name of the soclety for his tribute to Hard- ing, a native son of their state. RATES ON BAR SILVER. LONDON, December 11—Bar silver, 337-16 pence per ounce. - Money, 1% per cent Discount rates—Short bills, 3 3-16 per cent; three-month bills, flurv; “:; Desember - 11-~Bar silver, 65%; fiueu Iounrl. I"li& ST. LOUIS, December 11.—The com- mitments “of forty-nine distributors of Gardner motor cars for 1924 will require an output of 18,000 cars, a substantial increase over 1923 pro- duction, although this year has been the largest in the company's history. ATLANTA. December 11.—Directors of the Nunnally Company, candy manufacturers. stated today this year's business would exceed that of 1982 and added that the holiday de- mand was the greatest since the war. ST. PAUL, December 11.—Cancella. tion of orders by local merchants | from eastern manufacturers of cioth- ing and furs have been exceptionaliy large recently, wholesalers-and job- bers admitted today. Protracted warm weather is held responsible. PORTLAND, Oreg., December 11.— Prices for turkeys {in the Pacific northwest are lower than for many years, 20 cents a pound being pald for fancy dressed birds. 3 PHILADELPHIA, December 11.— The Baldwin Locomotive Company is making thirty of the largest loco- motives ever constructed for the Great Northern road. The locomo- tives will be shipped in trains of five as_finished. If You Believe in the United Staf estate investments which tive investor who is looki: turn. A ‘Write; Phone-or Call NGTON, D. C., TUESDAY, DE INVESTMENTS We are offering several very attractive real EXPLAINS REFUSHL TOOPENBOOKS | Swift Replies fo Secretary Wallace Regarding Packing | House Information ; | By the Associated Press. CHICAGO, December 11.—The pro- posed investigation of the books of packing companies s not founded upon any complaint of unfair prac- tices or any violation of the trust laws, but is to secure complete in- formation of all business of the com- pany, Louis F. Swift, president of Swift & Co., sald here Ip a statement. The statement was issued in reply to remarks of Socretary of culture Wallace before the Amer- foan Farm Bureau Federatior, in which the Secretary declared ghat the opposition to the invectigation. which he sald would prevent effe tive enforcement of the packer and | stock yards' ‘act, If successful, ‘is going 'to be passed upon by the highest court in the land.” Law Would Open Books. “If there is any charge of unfair- ness or of violation of the law there are powers within the law to require that our books and papers be pro- | duced,” Mr. Bwift said. “But as we | read the act no such power &s the| Secretary claims s given i “We have made no appeal to any | court in this macter; we have merely stated our stand as we see it under the rights guaranteed us by the Con- stitution as a private busines. “There is no_ comparison between the books of Swift & Co. and the books of a bank. Banks are charged with a trust, while we are a private business, As to the stock yards, while the law provides that their rates and charges be regulated, there is no| such qualification in the case of pack- ers, so there is no comparison there, | elther. i Sees Ald for Competitors. “An employe of the Seeretary’s own department, in a public statement in | Chicago in the last thirty days, said that one of the things that this de- | partment had to contend with was the ! biring of their men after those men had | secured {nformation that would ma them of value to certain companies. That substantiates the stand of our company that suéh federl}l auditors, | after having had the privileges of | examination, would be of such value to competitors that they ‘might Le hired away from the government for the trade secret they had learned.” SCHULTE AT HEAD OF TOBACCO FIRM New Project Separate From Pou: ble Deal With United Cigar Stores. By the Associated Press. NEW YORK, December 11.—David A. Schulte announced today the for- mation of the Continental Tobacco Company, Inc, to engage in the manufacture of cigarettes and smok- ing tobacco. The new company will | presently issue 200,000 shares of no| par value. stock. Mr. Schulte, who ! is head of the Schulte Retail Tobacco | Stores, Inc., will be president of the | company This project, it was pointed out, is entirely’ separate from the reported negotiations for consolidatimg the United Cigar Stores Company with the Schulte string of retail stores. Oficials of the two retall organiza- tions declined today either to con- firm or deny the rumored consolida- tion plan, but considerable credit is n_the report in_financial circles We are paying from Tto 10% bonus on short term First Trust Building Loans Washington Home Builders’ Association, Inc. EQUITABLE Co-Operative Building Association Surplus .... Systematic Saving It is the most effective way to get ahead financlally. This has been demonstrated through years of ex- perience. Subscription fer the 85th Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING 815 F 5t. N.W. JOHN JOY EDSON. Prestdent tes—You Believe in° Washington! appeal to the copserva- Becured by first deod of trust on real estate Prevalling interest 8ud commission. 420 Wash. L & Troa Joseph 1. Weller. Fiag: o & We Offer for Sale FIRST. | MORTGAGE LOANS Bearing 6',% Secured on HOME PROP- ERTIES at less than one- half of value. This Is the Safest Possible Security Guaranteed Tit Investment from $560 upwards Waggaman & Brawner, Inc. Franklin 7485 # R Fréee from all Federal Income Tazes North Carolina 4Y & 43/4,% Bonds Maturing 1933.1963 Legal investment for Savings Banks in New York and other states. Prices yielding from 4.60 to 4.50% Circular on requeat The National City Company Washington— 741 15th St. N.W. Telephone Maln 317 The Margin of Security We Demand to Safeguard Clients Investing in Our % First Mortgage Notes FINANCIAL. First mortzaze loans 1o’ denominations of | $200, $300 and $1,000, secured on iLmproved | reol estate; Interest 6% per cent, payable TERRELL & LITTLE, Inc. Realt 1508 18%h 8t FIRST MORTGAGE NOTES For sale. Conwult us if you have available fands for investment. THOS. E. JARRELL Member Washington Real Estate Board Woodward Bldg. Main 706 Randall H Hagner & Ca FIRST MORTGAGE INVESTMENTS 6%2% Denominations, §500, 760, $1,000 and uwpward. Secured on Improved Properties Only JAMES F. SHEA 643 Louisiana Ave. N.W. MONEY TO LOAN ON FIRST MORTGAGES AT CURRENT RATES OF INTEREST OFFICE SPAC FOR RENT - Entire 6th floor, containing ap- proximately 5,450 sq. ft. of space and 5 desirable rooms on 5th floor of Commercial National Bank Bldg. 14th and G Sts. N.-W. Apply to Superintendent losures absolute shfety under | B v a2y asd a It Upholds alse our established Dever Baving loat fs elther pHIncioel o interest as much a8 a single penny. Guarsiteed tities and insurance pellcies furnisb 4 with all notes. l| Notts of $100, $250, uo to $5,000 Now off Hand full For 0'Doanell, Losn Department. CHAS. D. SAGER 024 14th St N.W. Main 38, 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 Informatiom Mortgage Department 913 15th St. N.W. . Main 617 ing for the maximum re- for 'circulars . giving completé information. Allan E. Walker Investment Co. -J. E. White, Mgr. Southern Building _ - Securities Dept. 2650 Central: Northeast: Southwest: 436 7th St. S W, Northwest: 1140 15th St. N.W. particulsrs apply to Az, You can do this by investing your funds in our 6% % First Mortgages. For thirty-one years they have stood every test—without worry or Over a Quarter of a Century Without a Loss Main 2160 15th and Penna. Ave. Capital and Surplus, $5,400,000.00 BRANCHES. 8th & H Sts. N.E. loss to any investor. For safety—yield—satisfaction— invest in our FIRST MORTGAGES B. F. SAUL CO. 1412 Eye St. N. W. An Able Executor and Trustee There are many problems in the handling of an estate affecting the welfare of heirs, such as Investments, Real Estate Management, Taxation, Probate Accounting, etc. ; Efficient management is assured by naming this Trust Company as your Executor or Trustee, and the terms of your will are certain to be carried out as you have directed. AIWE]K]ICAN SECURI ~ AND TRUST COMPANY o S AND TRUST COMPANY o 7th & Mass. Ave. N.W.