Evening Star Newspaper, February 1, 1924, Page 29

FINANCIAL. " 200FORD SEDANS IO TNEY FEET Automobile Dealers Watch Akron’s Trolley Car and Bus Developments. BY J. C. ROYLE Special Dispatch to The Star, NEW YORK, February 1.—The peo- ple of Akron, Ohlo, rode to work oni rubber tires rather than steel wheels ! today. The city is prepared to under- take the handling of its transporta- tion by motor busses, and officlals to- | ay expressed confidence that within another week they will have sufficlent busses in operation to allow regular suburban service as well as_within| tho city lmits. The situation keep trolley which threatens to € off the Akron streets | © wrew out of the expira- tion at midnight of a contract be- tween the city and the Northern Ohlo Traetion and Light Company, which lad been in force twenty-five years. The city and the company have been unable "t ‘agree on a new rate of fare. During most of the time the old contract was in force. a 4-centi fure prevailed, During the war this was Taised to 5 cents, with free transfers. A. C. Blinn, general man- ager of the traction company, claims the company is loosing money on a b-cent fare. A request for a T7-cent fare and a protest against the same now are under consideration by the public utflities commission. Horde Join “Jithey Fleet.” Aecording to Lloyd Carter, who_ is directing the Akron Bus Servie ¥ord sedans have arrived from Jand, Columbus and Detroit and been joinéd with the remainder of the “jitney fleet” to_replace the street The fleet has headquarters at the plant of the Firestone Tire and Rubber Company. The Fords were purchased by Harvey Firestone and auick delivery followed a personal request to Henry Ford. It was stated at Mayor Rybolt's office that 100 busses had arrived to cover the routes mapped out by the #tr officials. It is estimated be _necessary to meet the long as the street ar company is prohibited from oper- 1,000 men will be directly af- although the state-city em- ployment bureau is prepared to use those who apply in other jobs. Bus Dispute Unwettled. Tha situation at Akron is not taken efther by automobile men or by street Tailway officials throughout the coun- try as representing a definite trend ard replacement of street cars by busses. On the contrary, some C such as Houston, Te d_Saginaw, d Wyandotte, ©d to depend on jit- .~ In some cities street ystems which had been aban- Aomed were re-established. and in some traction companies took over d operated bus lines as subsidiaries of rugning in competition with them. Grain Trading Hours Unchanged. Cirain men and brokers in other grain centers rejoiced today over the dafeat of the proposal to extend the hours of trading of the Chieago Roard of Trade by three-quartere of an honr, to 2 p.m. central time. Ex- Pore. interasts in New York, Boston Znd Philadelphia jolned in opposing ihe change on the grounds that the extra forty-five minutes of trading would result in their offers of export grain to Europe at closing figures heing received abroad too late for n ropean customers who anted to do business on a closing- in the Louls, midwest _and Kan Cit 1 and other market centers o » the changy, declaring that it would necessitate similar action by the markets of those citles. Other- wise, they , the additional trad- ing time would give opportunity for speculators in Chicago to manipu- late the price of grains, since there would be no check imposed by other BIGGER CROP YIELD IN' DIXIE PREDICTED KEpecial Dispateh to The Star, BALTIMORE., February l.—Farm- i conditions in the south have im- proved to such an extent that at least 50,000 more tons of produce will be rafsed in that section than in 1923, ac- cording to local manufacturers. The fertilizer season opened under un- usually encouraging conditions, and manufacturers here look forward to one of the most active years in the eouth for a long time. Dixie is In better financial condition than at any time since the war, and therefore has money with which to buy - fertilizer. ExXperts ‘say the sround in that section s undernour- ished, and that this condition must be remedied immediately if farmers expect to raise even average crops. There has been some cutting of prices this-year, but it Is understood that qifferences are belng patched up, and that- the: outlook is favorable for malntaining prices at the lower level now prevailing. S e LITTLE LEFT FOR DEBTS. NEW YORK, February l—Assets of the bankrupt brokerage firm of S. 8. Ruskay & Co., which falled for 54,066,647 on February 23, 1922, total about $200,000, it was learned today from a report by Harold P. Coffin, referee, by Leslie, Banks & Co., a countants for Mark Hyman, trustee. When the expenses of the estate are settled little will remain for the creditors. Hefore You Invest—Investigate, Ever notice that the fcllows who try to get rich quick are always broke? TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) ———Nooa, Tate. Maturity. Bl Offer. March 15, 1024, March 15, 1924 45" June 10, 1024 #%s June 15, 5ils Beptemoer 10, 41;s December 15, 4nis March 15, 1025 4148 June 15, 4%s December 473 March 15, September 1 March 15, 1827 10113 10085 4153 December '15. 1 T 100 11-16 100 1316 st SHORT-TERM SECURITIES, (Quotaticns furmshed by Redmond & Ce.) fia Aluminum Co. of Amer. Ts 1025, 1021, Aluminum Co. of Amer. 78 1033, 108% Ameris Cotton Oil 6s 1924... 100 ~ . American Bugar 6s 1837, American Tel. & Tel. 6s T Crigy 7Imim Anglo-American e i & Onlo 6s 1024 1l Tel. of Canada 6s 1925. 1024 Canadian Northern 5! Central Leather 0s 1025, Chi.. R. L. & Pacifie 5%s 1036, Tu Pont 71s 1631 Tidison 1L Co. of Bo *impire Gia & Fuel 74 10 ‘ederal Sugar Ref. 8s 108 t'jsher Body Corp. 6s 1821 sher Rody . Corp. 8u 1028, ooizenr T, & 1. Se 103 cui Northern 7 it oil Corp, of Pa. 5 Siamble. 01l Gias 102, Kennecott Copper s 1 by Libby, McNeil & Libby 7s 1t 'St P, & S_8. M. i35 193] o & Co. Tlos 1950. .. regon Short Line 4s 1629, yenea. I R. 7a 1330. Atk Do, Be 1032 ‘ridewater Union Tank Car 7a 1630. U. 8. Bubber T%s 1830, 100y 108 S5 la dividend of 10 per cent for the | ing is an official list ot bonds and stocks THE EVENING NEW YORK CURB MARKET Recetved by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNAN. NEW YORK, February l—Interest on the curb market today centered chiefly in Standard Ofl Pipe Line stocks. Declaration of a $3 dividend on Cumberland Pipe and the regular quarterly .disbursement of $2 on Southern Pipe brought about a par- tlal change in sentiment toward thess stocks. These declarations, Tiowever, failed to fully check liqui- dation. which began to make itself felt following the reduction in the Buckeye dividend two days ago. On October 16 last Cumberland declared fuil year. Cumberland’s mnet profits for_the year ended December 31 were_$185.- 420, against $723,605 in 1922. Selling of Buckeye appeared to have run its course, but weakness developed in! Eureka Pipe following publication of { the 1923 report showlng net profits equivalent to $6.49 a share, against $12.65 in_1922. New Mexico and Arizona land, among the independents, came into prominence again following the favorable report by a geologist on the completion of his Investigation of possibilities of oil in the Holbrook field. The stock was actively bought and established a new top well across 8. British American Oll also did bet- ter and was up about a point. This vock pays dividends of $2.50 an- ally and there is talk of a larger m{d“fxew class B rallied from the lowest of the previous day on short covering, but the declaration of the 50 cent dividend on both stocks had no effect. Natlonal Dalry Products continued to be bought while Ray Herculs among the mining shares, ent highe —_—e NEW YORK, February 1.—Follow- traded in on the New York Curb Mar- | ket today: Salex in thousands. 8 Allied Tackers Gs. 6 Allied Packers s 15 Am Gan & Elec 1 Am Roll Mills 8 Anaconda 6s .. 1023 1 Asso Sim Haw Bids 92%] 20ALG & WINN Teaverhoard 5 Roth Stecl Can Chic M & St P 8s.. Chie Tnion Sta B 55 Cit Serv 78 ¢ Cit Serv 7s D. 3 Col Graph 8s part cf (uns Gas Balto 65 A 5 (uns Gas Baito 19 Cudaby Sign @ Deere & Co Tige 10 Detroit Edison 65 10 Detroit _fson_6s. 1 BONDS. | High. 2.15, [ Low. 8% Federal Sugar fs sher Rody 68 Fisher Rody 6s '28. ate Robt T alena Sig Off General Pet 6 1 Grand Trunk 10 Gzif 01 of Pa_33. 1 Hood Rubber Tx ... B Inter Match 6Ls wi © Lehigh Power ba... 5 Te Val H Ry tn w € Libby MeN & L, 4 Manitoba Power 7 1 Morrls & Co Tiks orth St Pow 84 13 Ohlo Power s B 1 Phila E'ec 513 PRI Pt Thx Wt wrts 12 Pub Serv of N J 3s. 8 Pub Serv El Pow 6% 61 Pure Oil Co 6igs. 2 Shawaheen 74 180X 10 &mn Of1 10 Sun 1 Swift & Co ik 2 Tidsl Osage 75 &4 Un EL Lt Pw 515n wi 1 United 011 Prod’ 8 5 Ruslan Govt 51 23 Ruks Govt 6las na of T Swise Govt biys Sules in units. STANDARD OIL ISSTES. 1000 Anglo Am Oil. 137 200 Atlantic Lobos. 4y 500 Atlantic Lobos pfd. 9% 330 Buckeye Fipe Li 180 Chesebrough Mfy 1200 Continent 0il e 100 Crescent Plpe Line. 19 175 Cumberland P Line. 128 Eureka Pipe lena Signal Ol bie 0 & R new Line. 103 #s 100 Prairte Ol 100 Penn Mex Fuel. 210 Prairie_ Pipe Line. 70 Solar Refin..... 7700 Stand Oil TIndiana. 40 Southern Pipe Line. 900 8 O l;("“. new. 3¢ 3 Brit-Con Oil Fidy 4 Carib Bynd 1 Cit Rerv . $3000 Cit Berv scrip . Washington Stock Exchange. SALES. Wardman Park Hotel 6e—$1.000 at 101. Washiogton Rwy. & Elec. pfd.—10 at 75, 10 at 75, 10 at 75, 73, 10 at 75. Nortolk and Washiogton Steamboat Co.—10 at 216, 10 at 218. : Mergentbaler Linotype—10 at 138%. AFTER CALL. Capital Traction—3 at 96%. Money—Call loans, § sud 6 per cent. BONDS. Bid and Asked Prices. PUBLIC UTILITY. American Tel. & Telgs. 4s. American Tel, & Telg: A, Tel, & Tel. cti. tr. Js. 2 - & 1. Telepbons o ‘apital Traction B. R. bs. City & Suburban Bs. Georgetown Gas dst Metropolitan R, R. Potomac Elec. 1st 5 Potimse Elec. cons. Bs.. Potomac Eiec. deb. 8s. EE o= ‘Alex. & Mt.'V. ba. & Mt V. cit. w . & Anap. 5 ‘Washington Gas 5 ‘Washington Gas 6e. Wash. Rws. & Ele D. C. Paper Mfy Tiggs Reatty o' i ealty 5 Wy Market Cold Btor Wardman Park Hotel 8. STOCKS. PUBLIC UTILITY. b3 Ban * ital . Columbia Commercial District .. Farmers &' 3fechas Federal-American EEH d 38 Netional Bk of ‘Wasblogton.. 200 TRUST COMPANY. 805 85 s358sY FIRB INSUBANCE. ational Uni ol 58 (3 TITLE INSURANCE. Columbia Teal E: D. C. Paper. Merchants’ thaler Linotype., = 0 Monoty) 188 . seane {ports, P Dol 3 Colnmbian S5nd 5 Oreole Synd . 5 Derhy O & R 10 Engineers Fet 23 Gen Pet 1 Giurd o 2 Glea Rock Ol 1 Granada O3t . 12 Guif Ol of Pu..... 3 Guit 8t O & R w i 30 Keystone Ranger Kirbs Pet . 5 Lago Pec 208 Latin-Am 01l " 10 Liviagston 0N ® Liviugston Pet 10 Mex O .. Mount Prod Monntain Guif 1. Wotual Ofl vot cfs New Brad OIL w i New Mex Land . Penn Beaver OfI.0. Northwest Of 2 Omar Ofl & Ga Peer Ofl COD ... Penn Bearer O Pennock Ofl ...... Red Bank Ofl new. Roy Can 01l & Ret R Sait Ck Prod ..... 3 Rapulpa Refin 7 Seaboard Ol . Tidsl Osage Oif .. Wileox Ofl & Gas. Am_‘Tob_Cou. City R R... d Prod Corp wi Light 5 Tt - Car Cent Teresa : Centrifug Sron Pipe Checker Cab 3Ifd A Chie_Nip pew wi.. €h Nip B tr ow wi Childs’ Co new wi Cleveland Asto Com Invest. wi Cube Co ... 13 Cont Tobacco Dort Motor . % Dubllier € & Radio Duohill Tnt Inc .. arant_Mofor illette 8 R ... id Dust Corp wi len Alden Coal oodyear Tire t West Sngar ow Hav Tob pfd ... Heyden Chem Hud & Man R B Int Coucrete Ind Kresge Dept Store Lebigh Power sec.. Len Val Coal zew wi M1 Leh Var R R wi.. 33 Libby, McN & Law 3% Tig, My Tb A nw wi 38, Lig, 3y Tb B nw wi 58 Lodlem Steel w 1. Mesabt Iron 2 3Midvale Co . Mot Pro Co new wi SFIPRP PE TOIPPOSTRUNC I P4 52 a8 335 110% ' 18 1215 an 4ve 18 Unlod Carbide Tnited Ra % |dent for a number of years of Wash_ F st ies Corp A.. Lt & Feat ... T S Distribu new .. Caiver Plpe w i... Ward Ba Cor A wi 2 Ward Bak Cor B wi Ward Bak Cor pf. Wayne Coal Warner Bros ' MINING. Am_Exploration Butte & Western Cunario Copper . Candelaria Min . . Cent Amer Minew.. Columbia Emerald. . Willys Corp 1st pf. 1 Yel Tax Cor NY rs rtez Stlver ... Cresson_Gold . & Crown Reserse ... 100 Diam Tiack Butte .07 30 Divide Extens 1 Dolores Eaper 10 Emma Silver 20 Eureka Croes 120 Fortuna Mines 10 Grandsm Mining 3 Howe Sound ... 70 Independence Tead. . 30 Kelly Est Mines. 50 Lone Star Magon Valley Moliican Cop New Cornelia w Dominion ew Jersey Zinc. 10 Plymouth Lead Min 40 Ray Hercales Inc.. 10 Red Warrior 30 Rimon Silver 13 Teck FHughes.. 7 Tonopah Belmont.. . 89 Tonopah Extension. 20 Tuolumne = 14 Tolted Eastarn 20 U 8 Contl new 1 Unity Gold 4 Walker Min 25 West End Consol 10 West Utah .. Injunction Granted Against Cen- tral Copper Company. NEW YORK, February 1.—Supreme Court Justice O'Malley today granted an injunction restraining the Central | STOCK SALES STOPPED. { Copper Company of Arizona, Tuc., from selling any of its capital stock. ‘The injunction follows a temporary restraining order issued by Supreme Court Justice Huy last Tuesday on charges of Attorney General Sherman and the Better Business Bureau that the company, capitalized at $10,000,- 600, had soid 35,130,000 worth of stock, had $3,500,000 cash and was campaigning to sell more stock, al- though it had spent little in develop- ing its properties. RATES ON BAR SILVER. LONDON, February 1.—Bar silver, 235-16 pence per ounce. Money, 2 per cent. Discount rates short bills, 35-16 per cent: three months bills, 35-16a3-8 per cent. NEW YORK, February siiver, 63%; Mexican dollars, e are e PRICE OF LEAD RAISED. NEW YORK. February 1—The American Smelting and Refining Company today advanced the price of lead from 8.00 to 8.16 cents per pound. | —— WEEELY COTTON REPORT. LIVERPOOL, February 1.—Weekly cotton statistics: Total forwarded to mills, 57,000 bales, American, 32,000; stock, 760,000; Amerlcan, 491,000; im- | ports, 58,000; American, 38,000; ex- 6,000;” American, 5.000. ? 1.—Bar 483, BELGIAN AMBASSADOR TO ASSUME DUAL DUTIES| By the Ascociated Press. HAVANA, February 1.—Bardn Car- tler de Marchienne, Belgian ambas- sador to the United States, who has also been made minister to Cuba, ar- rived yesterday from Washington. He will !&nleflt his credentials to Presi- dent Zayas at an early. . : A & i 10y ita STAR, WASHINGTON, SILVER PLAN HALTED. Secretary Hoover to Give Opinion on Export Association. NEW YORK, February 1.—Forma- tion of a silver export association has been deferred until Seeretary Hoover has given his opinion on the legality of the proposal. Organization of such a body, it was found, presented prob- lems which had not been encountered in the creation of the copper export assoclation. e WOOL PRICES HIGHER. Slight Advances Reported Today in Boston. Special Dispatch to The Star. BOSTON. February 1.—sSlight price advances prevailed in the Summer street wool markets today as the first reaction to the American Woolen Company’'s heavy welght goods open- ing. ~ Fleeces ware falrly quiet, but there was good business in pulled wools. South American wools were active at price Increases of 3 to 4 cents. Receipts Thursday were 2,- 262 bags of domestic and 150 bales of foreign wool. AFTER JAPANESE BONDS. NEW YORK, February 1.—Denial that the visit of Thomas W. Lamont of J. P. Morgan & Co. to Washington this week was In connection with a proposed Mexlcan loan was followed Ly reports {n the fnancial district that he had discussed the projected finuncing for Japan with Secretary Hughes. believe that the Morgan firm would head & nation-wide banking syndicate for e oftering of the Japanese nds. BUSINESS TOPICS. CHICAGO, February 1 (Special) — The achedule of rents announced h)lrr' for the latest big apartment build- ing, construction on which will start At once, provides for a charge of $20 10 $22 a room. The suites will be confired to three, four and five ros apartments. = PITTSBURGH, cial).—Extreme ' Interest has aroused In this section by reporis of the merging of several important fl::l:hlh:ron_ ”',n:esesnvoru involve ¢ Charters Chain, C0. 4 the Charters Chain, Butler & Co. and — ADVANCE IN PIG IRON. PITTSBURGH, February 1 (Spe- cial).—The Shenango Furnace Com- pany announces an advance In the price of plg iron effective today of 50 cents and 31 on basic and Besse- mer, to $22.50 and $24, respectively. el PARIS MARKET FIRM. PARIS. February 1.—Prices ebruary 1 (Spe- Dee wera firm on the bourse today. Three per cent rentes 54 francs 2 change on London, times. centimes, Ex- 91 francs tr Flve per cent loan, 69 franes 85 _centimes. The dollar was quoted at 21 franes 22 centimes. —_— Dwyer was a lifelong resident of the Cnity neighborhood. Hollyday 8. Meeds, for the Seven years a resident of Rockville, died Wednesday evening at his home here, aged sixty-two years. He had been in poor health ever since he was stricken with paralysis several years ago, and on Tuesday sustained a sec- ond stroke. from which he falled to rally. He is survived by his wife, formerly a Miss Orndorff of this county, and two sons—Hollyday S. Meeds, jr. of Wilmington. Del., and Cuyler S. Meeds of Rockville. Funer- al services will be held this after- noon at the chapel at Greenmount cemetery, Baltimore, burfal to be in that cemetery. Mr. Meeds was born in Baltimore, spent his early life in Talbott county and later was a resi- last ington, where he was con hte Library of Congress. ted with National Mortgage & Investment Corporation 811 Vermont Deals in the Best Real Estate Securities First and Second Trust Notes and Ware- Wall street was inclined to | & 70 cen-j D. ¢, FRIDAY, FEBRUARY 1, 1924 COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY ST. PAUL, February 1.—Dealers ex- pect sales of automobile and acces- sorles to be greatly stimulated by the auto show here next week. In-| terchange of all mail between St.| Paul and Minneapolis by motor truck started today. CHICAGO, February 1—Latest fg- | ures show there are 691,126 families | in_Chicago, and that of this to 215,991 own’ or operate automobil BOSTON, February 1.—W. H. Bron- son of the New England Mtk Pro- ducers’ Association states that In“k' prices here will be lower this year. Prices last vear were above normal, he says, due to the depleted reserve supply of butter. Now that this has been augmented, there will bé more milk for sale. i PORTLAND, Ore., February 1—A fight now being waged for the canned milk trade among condensers and wholesalers has resulted in price cuts ranging from 10 to 15 cents a case below the old price of §4.70. One big canner has decided to sell direct to consumers. BRISTOL. Tenn. Farmers of eastern Tennesee and southwest Virginia are so well| { pleaseds with tobacen crop results last | |zeason that a greater crop will be | {Sowed this year. Tobacro sales at | the farmers' warehouss in Abingdon, Va., have averaged $24.13 per hundred iin the last few days. ' “February 1. —Be- ! " February 1-— ' PITTSBURGH, tween 500 and 600 cars of coal are | being loaded 1afly at mines on the t Whealing division of the Baltimore and Ohio and Northern West Virginia, ’A month ago the averaxe daily lowd- ings were only about 400 cars. MOUND CITY, 1ll, February 1.— jThree hundred 'farmers in Illinois have decided to plant 12,000 acres of } l tton in Pulaski this season. and _ Alexander counties Farmers 1In 'wlll plant 1,000 acres in each. ¥ - | BUYING ON INCREASE. ! Reports Show Steady Upward i Movement in Goods. | NEW YORK, February 'L—The up- [ ard movement in buying from wholesalers and marufacturers, which | set in with the beginning of the year, was continued last week, when pur- chasing for the country as a whole increased 1.9 per cent above the pre- | vious week, according to compllations | made by the Credit Clearing House. This increase was smaller than In the previous w Last weel the north agricultural section showed a decline of 2 per cent. All other section showed increases, ranging up to 5.8 per cent in the mountain section. LEAF TOBACCO RECEIPTS. BALTIMORE. February land leaf tobacco receipts w hogsheads, mostly secondsand groun leaves, while sales totaled seoventy Ifour hogsheads at former prices. | Prices per pounds are: | Inferior and frosted, firm leat }Sound common snd greentsh.. | Medium Gaod to | Faney. | Second: Seconds, good to fige. Buy_tobacco, fim curmd i Upper country, air cured. }Gronnd lewven, Bew. : N"B.—Unsound aad badly mized Dackages | from 17t0 3 cents low. — 1 WOOLWORTH PROFITS. NEW YORK, February 1— profits of the F. W. Woolworth Con pany for 1923, af deducting de- preciation and federal tax, were 320,698,180, equivalent to $3L.84 al share on' the $65,000,000 common in 1922 the net profit 3, or $27.11 share, was Avenue N.W. { i house Receipts are purchased at fair rates Its 7% First-Mortgage Notes, SECURED by Improved District of Columbia Real Estate, Are a GOOD INVESTMENT. Ofi ered in denominations from $250.00 UP. Announcement We take pleasure in announciné that HON. HOWARD SUTHERLAND Has This Day Become Associated With Our Organization as Vice President With Headquarters at Our Washington Office Mr. Donald H. McKnew will continue as Manager of the Washington Office HAMBLETON & CO. Inc. Established 1865 729 15th Street N.W. Washington Baltimore Philadelphia jtive prices can hardly be determined 'showing a strengthening Union and Johnson countles || 5.00825.00 | - PRICES CAUSE SURPRISE. Rates on Fall Woolens Called Most Attractive. BOSTON, February 1.—The Com- mereclal Bulletin will say tomorrow: “The opening of inftial lines of goods by the American Woolen Com- pany on Thursday at prices substan- tially on a par with the prices fixed for "heavy weights a year ago has been a matter of surprise to most of the members of the trade. The re- sponse of the buyers to such attrac- as yet. “The wool market is very firm, both here and abroad, with fine wools tendency. Reports from the west are to the ef fect that some further attempts have been made at contracting with small ;| results. “Mol ir is steady on moderate de- mana. APPLE DEMAND GOOD. I Strictly Fancy Fruit Finds Ready |’ Sale in New York. Special Dispatch to The Star. | NEW YORK, February 1.—Strictly fancy barreled apples sold promptly today when available, while poor to ordinary stock continued to receive very liitle attention. Fresh receipts were moderate. Greenings ranged from $3.50 to $8 per barrel for A ! grade 2%-inch stock, while 23 |sm-h offerings brought from 8.50. NS - LIVE POULTRY HIGHER. CHICAGO, February —Poultey— ! Alive, higher; fowls, 17a22; springs, roosters, geese, 17; tur- | Investment Properties | " "FOR SALE 1Vic nity Conn. Ave. & L St. N.W. JORDAN & CO. Incorporated. 1027 17th St. N. W. We have on hand subject to prior sale a few very choice 7% First Mortgage —loans in amounts of $250 —up. These are very desir- able, several on nicely located northeast property. CHAS. D. SAGER 924 14th St. N.W. Loan Dept—Main 36 Mofléag; the; to Loan On Lieal Estate. Tet us fioance your Dproperty. FIRST MORTGAGE NOTES For sale. Consult us if you heve avallebis fuads for investment. THOS. E. JARRELL Member Washington Real Estate Board 857 Woodward Bldg. Main 768 ~ Money to Loan Becured by first deed of trust sstate Provalling tnterest ad" commistion: Joseph I. Weller Y %A FIRST MORTGAGES FOR SALE THE TYPE OF SECURITY CONSERVATIVE | VESTORS BUY IN DENOMINATIONS TO SUIT PURCHASERS JAMES F. SHEA 643 Louisiana Ave. N.W. TRAIN CONTROL Interstate Commerce (ommissioa’s order creates market running Into milliona of dol- lars. If you have Interest in autcmatic train control it will pay you to Address BOX 218—C Star Offics B EQUITABLE Co-Operative Building Association Organized 1879 44th YEAR COMPLETED Ansets . 94,735,1' Surplus Accomplishes Most Hystematic saving Is the most cffective means accumulating money. Joint the Equitabie and sava with Best results. Subscription for the 86th Issue of Stock Being Reeeived Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, Premdent FRANK P. REESIDE, Sec’y, FINANCIAL. Annowencement!%i Mr. E. Quincy Smith kus purchased froph; thefirm of William H. Saunders & €owpany its intere ot 'irf the good will of the loan business of the Pemn Mutrpdl Zflfe' Insur- ance Company and the Unitvd Security Li fe Insurance & Trust Company, heretofore done throi lgh,.({a's firm. In taking over this business Mr. Smitk becames sole correspondent of. the twco conmgpanies above mentfioned for the making of real estate loans in W ushingion . and vicinity. iy Mpr. Smith Is Opening His Newd Office At 909 15th Street FOR BUSINESS AND PROFES,SIONAL MEN OF HIGH STANDING The Investmyent Building at Fif- STROUD, KURTZ & CO teenth and K. Streets:N.W. is de- signed to wellect the prestige and distin:tion «f those whe make it their home. It is the ideal build- ing for business and professional men of high standing. INCORPORATED Sl Ressrvat@ms may be made mow ac rentsls lower than the aver. “ge in modern ofice buildings: Call. write or phone Main 6464 today for fioor plaus eud detailed information. THE INVESTMENT BUILDING The ¥. ¥ Smith Co., Rextal Agents Smith Buliting— 815 Pifteentn St. INVESTMENT SECURITIES WASHINGTON, D. C. Announce the Removal of Their Offices Prom THE COLORADO BUILDING ' T0 THE TRANSPORTATION BUILDING ' Corner of Seventeenth and H Streets TEBRUARY 1, 1024 INCOME WITHOUT WORRY ou can do this by inv vour funds in our 7% FIRST MORTGAGES. ing For thirty-one .vears they have stood every test—with- out worry or loss to any in- vestor. Overa Quarter of @ > For safety—yield—sdtistac- Century W sthout e Loss tion—invest in our 1% FIRST MORYGAGES B. F. SAUL CO. 1412 Eye St..N.W. Main 2100 Are You About To Make An bl'vestrnéi;t. Read This! 5 YOU want two things—security and the highest interest rate combined with pro- tection. Properly safeguarded first-mortgage real estate notes are investments of this character. These notes are secured by the foundation of all wealth—land, and, in addition, the improvements thereon. T Many opportunities are offered by promoters—sometimes they may f& :].;g“iflp er’s vision, sometimes the enthusiasm generated from an overestimated proposition, but oftentimes they are deliberate frauds. 1BE19V The safe: way to invest your money is through such a house as otivs, where NOT A SINGLE DOLLAR HAS BEEN LOST FOR AN INVESTOR., ;. THE FIRST MORTGAGE NOTES we are offering today yield— 6Y% and 7% —and are ABSOLUTELY SAFE. Don’t be satisfied with a mere savings rate of interest, but MAKE YOUR MONEY PRODUCE a liberal return with security. MORTGAGE INVESTMENT DEPARTMENT 713 and 715 14¢h Street N.W. Main 2345