Evening Star Newspaper, December 18, 1923, Page 29

FINANCIAL, " CHRISTMAS TRADE THITS NEW MARKS Jewelry and Radio Sales In- dicate Steady Gains in Prosperity. . BY J. €. ROYLE ecial Dispateh to The Ster. NEW YORK, December 18.—The close approach of Christmas has made increasingly apparent the pros- perity, which has attended business ' general dyring the first eleven months of 1923. This is evidenced by dles reports of two lines which may regarded especially reliable larometers of trade activity, jewelry *:nd radio equipment. Both are bulk- g large in holiday sales totals all over the country Hetail jewelers have experienced a sharp spurt in sales since the middle of November, snd the holiday busi- ness is expected to exceed by 20 per of last r. This jewelry me according to men in the directly dependent on the which has followed other IS in the preceding months. In the manufacturing end of the indus- activity has been general since dyear, with special strength shown watches and dlamonds, Jewelry turnover is so slow that the amount of orders now on manufacturers' ks reflects ght view of the ure the part of retatlers, who normally are reluctant to stock ily unless busi prospects in other lines are good Radio Sales Enormous. The sales of radio sets during the holiday period have been of record- breking proportions. This is attrib uted first to i 3 adjustments, which have brought equipment within the means of more people, and té Ereater b ting effort Scores of new ting stations wiil be opened in the fi: t of 1924 and a iremendous amount of capital will be rsifying this service, sifuation and the b campaign are expected to stin as candidate: dy have known that they intend to use the radio extensively in further- ing their efforts. Manufacturers ve made energetic efforts during the year to simplify pment, and will join in an effort 3 itation of sets alers ignorant or willing to b as ent that trade is prosperity The po- esidential tlate in made it Many bu have been attracted to small shops in various cities through advertisements announcing sales of standard at an extremely low on be told wh they the es that they had sold the last one.” This an- iwcement usually has been fol- ¢ efforts to sell other sets or ut carried by the dealer. The attempting this tice. No check to m es is expected part of 1924, Japanese Migration, Japanese farmers who are prepar- % to leave California as a result of Supreme Court decisions uphol california alien land act w. omed in some sections of the which have no anti-alien land aecording to some authorities. rous small farms have been hundoned by negroes who have mov- w1 to industrial centers in the north, .« and the cotton acreage cultivated b tenant farmers has been materially decreased. Efforts have been made by southern civic and trade assc tions in _the south to attract white farmers from other Sections, but this movement has not gained particular lLeadway. In view of the ravages of the boll vil, the abandonment of acreage and +h® lick of labor, it has become a question whether the southern states can produce a crop sufficient to sup- ply American and world needs. The arrival of the Japanese agri- culturists in the truck farming sec- tions of the larger eastern cities, it is expected, will be vigorously oppos- | by the truck gardeners already ting in_those sections, particu- ¢ the Italian and Portuguese col- onies. The Japanese movement eastward, which probably will include Nip- ponese from Oregon and Washington as well as California, is in the nature of 4 defensive movement since the Jaws of those states as upheld by the Supreme Court not only prohibit them from owning or leasing land for farming purposes, but from farming on a crop share basis or owning stock in a landholding corporation Land to Stand Idle. alifornia land owners who a part of their holdings to nese on share agreements will be hard hit these workers. equipm trade is { jeits in the early w oy let is estimated that hout 523,000 acres of farm lands will become idle, the crops from which have vielded nearly $75.000,000 a yvear iCeen resentment is being displayed by oric residents of the east, many of whom are citizens, against tthe produbtion or exhibition of mo- tion pictures reflecting on the integ- rity or character of their race. One well known film star and his company was forced to flee from Chinatown re- cently, and in future those directors who desire to film cenes in New York's Chinatown will be required {6 submit their scenarios to a com- mittee composed of a member from h of the leading tongs if they de- sire to be unmolested HAIL HOMER CUMMINGS AS “NEXT PRESIDENT” It * Tells Friends at Banquet Given in His Honor Candidacy Is “Under Advisement.” By the Associated Press. STAMFORD, Conn., December 18— Hailed as the next President of the VUnited States, Homer S. Cummings, former chairman of the democratic na- | tlonal committee, at a dinner given in his honor here last night took advan- tage of the reaquest o * announce his carglidacy “under advise- ment.” In a speech he attacked Sec- ary Mellon's tax reduction proposal as_propaganda, v Speeches by Bdward M. Yeomans of Andover, chatrman of the democratic state central committee, and George ordon Battle of New York city, and communications from Thomas Spel- lacy and Mayor David E. Fitzgerald of New Haven urged Mr. Cummings to enter the presidential race. “In_view of the letters and the speeches which you have heard to- night, 1 think I ought to say some- thing about the presidency,” Mr. Cum- mings said. “I'm a little coy about it, and must think the thing over and take it under advisement.” « —_— Not Impressed. From the Argonaut. Tt is reported that during a speech in Glasgow Sir Robert Horne told the ory of the Earl of Balfour and the Metropolitan tower: An American (pointing to the Metro- politan tower)—It is 800 feet high. Balfour—Really. The American—And it could not pos- =sibly be burned down. Balfour—What & pity e He Asked the Policeman. Prom Bverybody's Magazine. A countryman on his first visit to New York came out of the Grand Cen- iral station into the confusion of 42d street, and after standing some- what bewildered for & few minutes walked over to a traffic officer and said “Mister, I want to go to Céntral Park.’ ‘Al right,” sald the officer. ““You can £o this time, but don't you ever, ever sxk me again. 1in enlarging, improving and | the departure of | his friends to | THE EVENING STAR, WASHINGTON, D. C, TUESDAY, DECEMBER 18, 1923. NEW YORK CURB MARKET Recelved by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERMAN NEW YORK, December 18.—The re- versal of the gencral price movement on the curb market today was the sharpest of any fn the last month. It started with the oils, following the rise in this group Monday. Heavy realizing sales at the outset were re- sponsible for losses of one-half a point to two points, and these were Increased later. Standard of Ken- tucky and Gulf Oil of Pennsylvania resisted the selling for a time but later went with the rest The report wus that Kentucky -di- rectors were considering the distribu- tion of a large stock dividend. Gulf Of1, selling ex the 371 cent dividend, more than regrained this amount at the opgning, but failed to retain the improvement. NEW YORK, December 18.-—Follow- ing Is an officiai list of bonds and stocks traded in on the New York Curb Mar- BONDS. Ligh, L (e 77 77 021 03 968, a1y 100, 1M 218, Allied ol Allied Alumw Am Am Sumat Am Rall Mills LY 8 ™ o7 o8 Am T & Anaconda Anglo Am Beaverhoard Ss Reth Nteel 7 oir it Cop 7s. iy MeN & Lo T Manitoba Pow 3 Marncaibo Oil 78 Al Nugar Fisher Ty Fislier Body Pul Ser of X J ¥ W04k Bt 1t ot 1081, 1047 { Sun 01 7s Swift & Co fs. ... Tuited O] Prod $s . Unit Ry of Hav Yacuum Ol Tx Webst Mills 6es wi 100 FOREIGN BONDS. vt Argent G w 1. 100 Mex Govt da B4 11Y Mexican Govt 01 3 Ttusw Govt' S » Rk Gove efs o Rk Govt flgs 0 Rues Govt $i2e vfsl 0% Swiks Gove Swiss Gove e | 2 USor Mex era dep | Salen STANDARD OIL ISSUES. in units. 2000 Anglo Am Ol 1400 Attantic Lobos 110 Ruckeve P L 900 Continent OiL 10 Gal Sig Oil . 700 Hum Oil & Re new WP L ..oonvenee 315 Imp Ol of € 10 Ind P L ...... 800 Inter'] Pet Co Lid 250 Magnolia Pet ... 1 85 N Y Tramsit Ohio Ol new Prairie 01l & ¢ Penn Mex F irle P L Soiar Refin ... Bouth Pena Ol d 0115 o1t 105% 106 it 1008, 108, . 0% 9975 ny 54 100 1% 1 » 43 341, 54 STOCKS S 0 N'Y new Swan & Finch uum Oil new. . alesin INDEPENDENT OIL hundreds. 1 Hoston Wyo Oil.... 35 Carib 8sud 33, Cit Serv ... 14 Cit Serv pfd 5 Uit 3,000 Clt 00 | | 7Dero % R be'wil | 110 Enginerrs Pet 20 Federal b1l . 16 Gen Pet | 3 Granada Oil | 9 Gulf 0il of Pa : 2 Gult 8t 0 & R wi. Kesstone Ranger Mammoth Oil Murland . 7 Mex Panuco . Mount Prod Mount Gult Mutual Oil vo Trad? Oil w ble Ol & Gas .. rthwest Oil Y Ol . Deer 011 Corp. Peanock Ol ... Roysl Can 0 & He Salt (k Prod ... 5 Sapulpa Refin . Seaboard 011 ... 2 Southern States Oil 1 Turman O ...... 40 Wilcox Oil & tins. INDUSTRIALS. s 95 3 ‘08 0 13 1 a7 Am Hawailan itkiyn Shoes. Inc.. Bridgeport Ma w 1. Bklyn City R R ndy Prod 0o w i r Light ......... Cent Teresn pfd Centrif Iron Pipe Checker Cab Mfd 4 Chic Nip new w i. Chi Nip B tr ow wi Cleveland Auto ... Colo Pow & Lt Cuba Co Dubilier C Durant Mot .... East Steel 2 Dunhill Inl Inc. Gillette Saf Raz. 2 Gleasonite Prod Co. 19 Glen Alden Coal.... ! DENIES BIG SHRINKAGE. i Detroit Mortgage Firm Head Dis- ! cusses Assets. | DETROIT, Mich, December 18— Denial was' made today by Ben B {dacobs, ~president of * thé Detroit |Mortgdge Corporation, that the f the company had shrunk | from $4,500,000 to §300,000, as charged {by a petition of four stockholders |asking a receiver for the concern. ““The action is preposterous,” said a istatement by Mr. Jacobs. “The net {assets of the corporation in propor- | tion dbove the mortgage obligations {is approximately $1,500,000, as against 183,000,000 of preferred stock and the common stock outstanding.” Mr. Jacobs also corrected a state- {ment published yesterday that a re- ceiver had been appointed for the corporation. The_ only action taken by Circuit Judge Harry J. Dingeman, it was learncd, was the issuance of a temporary injunction festraining the company from disposing of property. —_— WOOL PRICES STEADY. Trading Dull Today in Boston Mar- ket. Special Dispatch to The Star. BOSTON, December was dull in the local raw wool mar- kets today, but prices remained firm, supported by the strength in English and territory markets. Western growers are holding their wool for higher prices, and dealers insist these must come when the heavy-weight season gets under way, but manu- facturers still persist in buying as little as immediate demands will per- mit. Receipts at Boston Monday were 2,217 bags of domestic and 24 bales of foreign. BOND ISSUE DENIED. The Interstate Commerce Commission today denied an application of the Col- orado, Columbus and Mexican railroad for authority to:issue $20,000,000 in bonds. The action supplements a previous decision of the commission, announced recently, refusing the same corporation the right to build about 890 miles of railroad in_ Arizona and New Mexico and in old Mexico. —_— Have You Been Stung Yet? Some men have to get stung good and hard before they learn to be cau- tious in making investments. Be- fore you invest—Iinvestigatel ta] 13 S5 | net | 18.—Trading | Penn-Mex Fuel, which was a fea- ture Monday, fluctuated between 34 and 36, where it was 4 to 6 points higher on the week. Offerings of Standard of Indlana were unusually |large and Prairie Pipe. Magnolla Petroleum and Vacuum were well be- low the Monday final. Carih Syndicate had a fractional {run up across 5 to a new high for |the present movement, but others of the independents moved with the Standard Oils. Pan American west- ern rights, which were a featdre in the late dealings yesterday, were dealt in just above 2. Other “industrials moved sympa- thetically with the ofls, Park and Til- ford losing 2 points at one time. Mining shares held around to prices, |but the volume of business was I smaller 268% ) 1% 5 Dept: Stores Dept St prd 91 Forpedo o Teader Trod 0 Lix Mar Coal Co. 18 Mewabl Tronoe... T Midvale Coos ! 1 XY el Co ptd. 1l Purk & Tittora. 2 Iyrene M6 a1 Tadio Co 3 A W0 01 2 Repetrt 3 Reo s Swift & Co Tabwe Prod E: 3 United Bak ‘n Pft har Retai! Candy TS Lt & Heat pfd v Pipe pfd w yue Coal ) MINING jj e i r Canyon ... Sitver . 10 First Nat Copper 100 Fortune Mines 20 Gold Zone Itardshell Min Hawthorne Mine Top Tin 1% o ) Silverdale e 0 Kl Horn Min Sil King iy Min Cons 10 Stewart omopah Divid paliExtens Cnited Eaxtern United Verde Ext.. IEETOKER FOXFROM STAND Condition o Slayer Such He Cannot Testify. By the Associated Press. ATLANTA, December 18.—Philip E Fox, former Ku Klux Klan editor, will not take the stand to testify in his own behalf during his trial here jon a charge of muricr of Willlam S. Coburn, Kian “attorney, it was an- nounced toda a party closely as- d with the defense. Fox has {entered an inmsanity ple 1 alien- ists have testified now in a | ehronte pu = is {kently on m declar a se intel the inform- 1se counsel, leagthy d. h des it would not be wise to have tatement In his own b sunsel fevl they can. ny dependence on his po: sible action Wi tao stand. “The defendant is now L highly nervous state and his attorneys have {only been able to drag out of him the salient details of his case,” was stated Cross-examination of Dr. J. C. King, an alier s resumed today. DRY GOODS LOWER. a in | Is Brisk. ! Spectal Dispatel to The Star. NEW YORK, December 18.—Reced- ing prices of raw cotton were felt in the cotton goods market today in the form of price concessions in some lines. Print cloths were 3 down, the 64 by 60 being quoted at 11 cents and the 68 by 72 at 123 cents. Business was fairly brisk In the raw silk market prices were shaded 5 cents practically all down the line. NEW BUILDING MARK. November Smashed Nearly All Previous Records. NEW YORK, December 18.—Novem- ber showed a greater volume of building permits for the entire coun- try than any previous November and the third highest volume of the cur- rent year, according to a compilation by §. W. Straus & Co. The whole country showed a gain of 30 per cent over November, 1922, and 5 per cent over October of this year. .The value of permits reported by 287 cities was $301,056,967. EX-LIEUTENANT HELD ON BOGUS CHECK CHARGE Retired Naval Officer Arrested in Baltimore—Formerly Lived in Washington. Bpecial Dispatch to The Star. { o BALTIMORE, Md. December 18— Glibert A. Jones, a retired lieutenant {ot the Navy, who says he formerly made his home in Washington, is held by the local police on a charge of obtaining money by means of bogus checks. The specific charge is obtaining $19 from a clothing firm | here by ‘false representation. He is alleged to \have given a check drawn e Union Tru - gion st Company, Wash e accused told police he deposited a check for $30 in a Wi hlnnorl: nk, and that the check was drawn against his wife's account in New London, Conn. He asserted that & year ago hia wite was adjudged conservator of state in Connecticut upon & that he was incompetent, DisA According to police, Jones admitted passing four checks' on the Hotel Emerson, one_on the Southern Hotel and some in Washington. Jones, ac- cording to his story to the_ police, game “.nere from Washington Decem- i { it} Print Cloths Slump, But Business! cent ! BARRAGE T0 TURN DESERT 10 GARDENS Largest Irrigation Project of This Type in World Planned in India. News from India that the world's greatest barrage is to be lald down in the Indus valley does not mean | that a new world war s In progre: {with an Inferno of bursting shells, but that Great Britain's engineers {are going about the peaceful business of taming a great river and adding millions of acres to the earth's till- {able area. What a barrage Is, and how this latest of great reclamation projects compares with the leading Irrigation works of the United States and the rest of the world, is told in the fol- lowing bulletin from the heAdquar- ters here of the National Geographic Soclety: “Unlike the famous Assuan dam American structures as the Elephant Butte, Roosevelt and Pathfinder dams, the heart of the Indus firriga- tion system is to be a barrage, not a dam. Both barrages and darn toward the same ends—to help get Raises Water Level. “The barfage I8 a low.dam, over or through which the water continues to flow. Its function is to raise and keep the water at a certain height, so that part of it will run off into canals on the river banks.. The re- mainder goes tumbling over the bar- rage and on down the river bed. The harrage is, in a word, a colossal elder brother to the diversion weirs that turn water from main canals into r channels ‘The dam, on the other hand, is pri- {marily a storage structure that cre- ates a great reservoir in which the entire flow for the year is held cap- tive until the dry season, when it is needed in the valleys below. Then the stored water is fed out thtrough sluices. . Few Barrages in United Stat “The physical geography of the United States is such that practically all its Irrigation development has been based on the use of dam-made reservoirs rather than on barrages. Only one big barrage is a part of the many irrigation systems developed by | the United States reclamation service, so-called Laguna dam across the few miles above structure merely ‘permanent river, a Yuma, Ariz. This a sort of a hug wave' in the Colorado, but it is suf- ficient to divert hundreds of thou- sands of gallons of water into great canals which flow off along both the Arizona and the California shores. “The Indus barrage, which will be built near Sukkur, in the Sind, will be the greatest barrage in the world, both in length—which will be almost mile—and in the amount of water diverted. Seven canals will flow out on the level created by the new struc- { ture and will furnish water estimated to be enough to irrigate six million acres of land now, barren. This is a the entire orado lon greater than area achusetts. Honors tn Dams. | “Iwo of the canals on the right { bank of the river will be wider than i the Suez canal, and one of the water- { weys on the left bank will be nearly half as broad again | channels will be narrower, but will | carry mighty streams themselves. “Among existing irrigation struc- { tures the Assuan dam across the Nile tis often pointed to as the greatest. {In point of length it probably is | since it is one and a quarter miles from abutment to abutment. Its 145 feet of height, however, is overtopped by at least five American irrigation { dams—Arrowrock, Idaho, 349 feet; Shoshone, Wyo., 328; Elephant Butte, IN. M., 305; Roosevelt, Ariz., 280, and |I'J\lh1:nder, Wyo., 218, In the matter of the amount of water fmpounded, ] ! world honors among artifictal reser | voirs should probably go to the Ele- ‘|»hunt Butte dam, across the Rio | Grande river in New Mexico. Such | measurements are best made in the | number of acres the water would | cover one foot deep. Tha capacity of i the Elephant Butte reservoir is more { than 350,000 acres feet greater than H thut created by the Assuan dam.” | —_— BETTER SOVIET ACCORD | IS ADVOCATED IN ITALY IOppurt\mities in Balkans Are Pointed Out by Rome Newspaper. | Dby the Associated Pres ROME, December 18.—Closer rela- advantageous to Italy D'Italia, which say: “For us it is of great Interest to | brng ourselves into closer touch with i Russia and the Balkans. Of the great nations, Italy Is the nearest to these territories, which have been so im- properly exploited and where there 1s so much richness. “The moment is propitious because Austria has disappeared and Ger- many is commercially dead.” —_— SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) by the Giornale Otter. 10:% 1063, 100% 100%; 1004 1195 101% 021y 100 1007 98 9% 9T% 1085 Aluminym Co. of Awer. Ts 1925. 102 Aluminum Co. of Amer. 7s 1933. 105% Amer | Amer.ca | Anacouda _Copper 6s 1920. Alglo-American Ol Tis 19350, 101% Juultimore & Ohlo 68 1924...... 100% Caedian Northern Blas 102... 1007 Central Argentine Rwy. 68 1927, 9733 Central Leatber 5s 1935......... 01 Cily R. 1. & Pac. Bls 1938.. 973 Du Pont %8 1081 veeens 107% Edison E1L 111, of Bow, 5¥%s 1925 1001 Federa! Sugar Ref. 0 1933. Fisher Body Corp. e 1027... Flaher Body Corp. 6s 1628, Goodyear T. & R. 8 1081 | Great Northern 75 1075, .. Hocking Valley 0s 1024, Homble 0fl 54 Bz ennecott Copper 7s 1030, i Mexell & Libby 7 1031 Stictigan State Tei. 5 1924, 0% MO R E S KM 6igs 1651 101% Morris' & Co. 7% 1030........ 977 Penna. K. 1. e 1030 1 107ig a0l Unlon Depot 5%s 1023, 9974 t d Co, 58 1082, vevveee BL1L Tidewater ONl 6igs 1931 > 10214 Tnton Tank Car 1s 1980...00] 108 U8, Rubber s 1980....000 108 Western Union 6%s 1986.. .. . 1001, Westinghouse E. & M. 7s 1931.. 1083 TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) ——Noon.——, Bid. " Ofter. 100182 100332 100 116 100 3 100132 ; .. 1004 Tel. & Tel. Gs 1925.° 118% © 1014 Rate—Matrrity. 4% March 15, 1024...... 485 Naren 15 1oni. 5%s June 15, 1024... s September 13, 1024 March 15, 1925....0. s December 15. s March 15, 1026... s September’ 15, 163 1927 2 101 1.32 09 29-82 100 #011-18 09 13-18 1001-16° 108 53> HOMESPUN PROPHET ACTIVE. H. C. Darragh, the homespun prophet, has startled the residents of Australia by predicting that 1925 will be a year of great drought. Mr. Dar- ragh s the prophet who predicted the 1918 drought there, and his words are listened to. Recently his documents were made available to the science congress there. He has been predict- ing weather vears ahead for some time and his prophecies have been ramarkably followed by actual de. velopments, ? { across the Nile and such well known | noreion \ work |congress of the National Retail Dry- river water on the land—but they go [age sales by department stores in the about it in somewhat different ways. |United States in November were about tions with Russia are regarded as| it 10010.82 100 3302 100 2582 100 20-32 | ARGENTINE BONDS ARE COMING LATER, i Sale Put Off Until After First of Year—Other Wall Street Briefs. By the Associated Press | NEW YORK, December 18,—A stock | dividend of 40 to 50 per cent reported | under consideration by directors of the Standatd Oil Company of Ken- | tucky would. bring the outstanding capital stock to $26,250,000 It was definitely learned today that | the contemplated public offering of | a new issue of long term Argentin bonds would not be made until after the first of the year. The St. Joseph Lead Company declared an extra dividend of cents and the regular quarterly cent dividend | Directors of the Nevada-Californin | Electric Company have- voted a 2%, per cent dividend of the preferred | stock, payable In preferred stock on | account of accumulated dividends. The | regular quarterly $1.75 dividend also | was declared on the preferred stock Reports that the Chesapeake and | Ohio has purchased the Virginia rail- | way would neither be confirmed nor dented by officials available in New York. It was recalled in this con- that the Chesapeake and Ohlo made a strong bid fo the property at the last consolidation hearing before the interstate com- merce commission A compilation by i the controllers’ | goods Association disclosed that aver- 5% per cent greater than in Novem- ber last year. The largest average gain was reported from the Atlanta district, which had a 14% per cent increase. Stockholders 0il Company to act on th Ol Company company. Public offering $15.000,000 thirty-year first mortgage collateral 5 per cent gold bonds, serics | A-of the Commonwealth Edison Com- pany of Chicagot, at 9213 and interest to yield more than 5% per cent. APPLE MARKET QUIET. Greenings and Baldwins in Best Demand Today. Special Dispatch to The Star. YORK, December 18 d green met most ¢ of the Amalgamated will meet December 31 offer of the Associati to take over the forme was made today of aney 1 colored ¢ aldwins moderate demand today, wh ractically ceipts of barrel York state were liberal to several carloads being carried ov from previous arrivals from $4 to $6.25 per | grade 2% inch greenings £350 to $5 for baldwins. grade 2% and 3 inch stock genera hrought from G0 cents to $1.50 higher than the above quotations. A car- load of fanc: grade 2% inch MelIntosh from New Hampshire sold principally at $8 per barrel BANKS VOTE EXTRAS. TITTSBURGH, December 18 (Spe- cia).—Banks here are reflecting the Hor $hy business <ituation by dectara- tiog of good mized hollday dividends The ext div have ranged from 10 to 100 per cent. Many large firms. | both mercantile and have | given employ honus checks. that the holiday those rial, pre urpass indus rehants s will FIRST MORTGAGE NOTES ¥ur sale. Consult us if you Lave available funds for investment. THOS. E. JARRELL Member Washington Real Estate Board Woodward Bldg. Money to Loan | Eecured by first deed of trust on real estate. Prevalling Interest and comuission. FOR INVESTMENT MORTGAGE LOANS Denominations $100 to $6,250 Interest Rates 6% % and 7% All loans secured on modern homes und busi- ness property in best northwest sections of the city. Ask for Intormation RRIS CAFRITZ Mortgage Department 913 15th St. N.W. Main 617 Safe Investment First_mortgage loans In denominations of $250, $300 and $1,000, secured on\ improved | interest 634 per cent, payable semi-annually. TERRELL &I Lul;l':'l.l".. Inc. 1206 18th Co-Operative Building Association Orgnnized 1870 434 YEAR COMPLETED Assets 34,750,763 Sarplus -$1.207.383 Systematic Saving It is the most effective way to get ahead financially. This has _ been demonstrated through years of ex- perience, Subscription for the 86th Issue of Stock Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F 5t. NW. JOHN JOY EDSON. President FINANCIAL. 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 Title Investment from $500 upwards After having been a flyer in the U. S. Navy JACK MONAGHAN announces once and for all that he has hopped off into the ethereal regions the very last time and now has his foot firmly fixed on terra cotta by being associated with C. P. BARRETT REALTOR 1502 K St. Waggaman & Brawner, Inc. Franklin 7485 Main 9016 Main 9017 732 Seventeenth Street hat Encourage —thrift and industry are wise presents for the young in particular. Which fact suggests the advan- tage of remembering your boys and girls with XMAS SAVINGS ACCOUNTS. Almost any amount will begin an interest-earning account at this strong, old bank. & Xnias Funds Cabled Abroad s & Trust Co. Oldest Savings Depository in Washington Cor. 15th and New York Ave. A Bond for Christmas Our December list offers a wide selec- tion to meet any individual need. Yields from = 1% to more than 7%, Nationa 56th Year Copy on request. The National City Company Washington: 741 15th St. N. Telephone Main Don’t Overlook This —in all your planning for friends during these holi- day days, don’t fail to be practical. Thus, two good things are accomplished: You avoid the temptation of extravagance in buying “baubles,” and then you bring added delight to the recipient of your gift when you present an excellent FIRST MORTGAGE NOTE, worth its face value in gold, besides yieldir interest at 6J4% for about three years. AND SAFETY —more liberal than a higher rate of interest with less pro- tection today and greater un- certainty tomorrow? No Detals to Cause You Time and Expense We attend to everything that has to do with safeguard- ing your investment. Amounts in small denomina- tions now available, For further information, write for booklet. CHAS. D. SAGER| Mortgage Investments 924 14th St. NW. It’s not too late to arrange this with our Mortgage Department. All Negotiations Confidential ‘SHANNON - & LUCHS| 713 14th Street N.W. Main 2345 Bond Salesimen Wanted 'HIS house, which confines its offerings exclusively to bonds, requires the services of additional salesmen for its Baltimore and Washington offices. _ Applications may be made in person or by letter, with the assurance that they will be held in close confidence. 3 AW.Iglehart &Ta ¥nvestment Bankers Members Baltimore Stock Exchange Hibbs Ruilding, Washington, D. C. Conl Exchange Building, Wilkes-Barre. Pa. 102 St. Paul Street, Baltimore, Md. MONEY TO LOAN ON FIRST MORTGAGES AT CURRENT RATES OF Randalt H Hgner & Co An Income to Your Tamfly For Christmas The creation of a living Trust for the benefit of those vou love is one of the best of Christmas gifts. If you set aside a portion of your estate with this Com- pany through a living Trust Agreement, the income earned will be paid, as directed by you, to the members of your family. /%M]ERJICAN SECURIT — AND TRUST COMPANY o 15th and Penna. Ave. Capital and Surplus, $5,400,000.00 BRANCHES. Central 7th & Mass. Ave. N.W. Northeast: 8th & H Sts. N.E. Southwest: 436 7th St. SW. Northwest: 1140 15th St. N.W.