Evening Star Newspaper, February 16, 1924, Page 15

BARGAIN POSSIBLE INRAILROAD SALE Kansas City and Mexic ‘Line Drawing Attention of Big Banking Interests. 0 BY J. C, ROYLE. Epecial Dispatch to The Star. NEW YORK, February 16.—Railway men today are watching with the closest interest and fate of the Kansas City, Mexico and Orient railroad, which has been or- dered sold by Judge John C. Pollock ©of the Federal Court of Kansas Ci o satisfy a federal loan of $2,500,000 extended to the road by the govern- ment three years ago. The road has had rough sledding in recent years, but p becn brighter in the 1 and many railroad men feel perhaps a choice property may be picked up at a relative low figure. So extensive is ( feeling, however, that the bidd.ong at the saie which will take place at Wichita, Kan., promises to be extremely lively. Mexican Aid The line w Kansas City throush homa, Texas and e bampo on the Gulf of California. The road operates a line in the northern part of Mexico. which, with the ex- ception of a xup of 150 miles, would conect the eastern and western Mexi- can coasts. Revolutionary activities have hampered construction and ope- ration, but President Obregon has promised the aid of the Mexican gov- ernment as soon as that country is again on a stable footing. The Orient has been in the hands of a receiver for years, but finished 1823 only about $20,000 short of pay- ing actual operating expenses. The thing, howeve h has turned the attention of railroad men to it recent- 1y has been the discovery of an ex- tensive oil field in Reagan county. Tex. This field is said by geologists 10 bo one of the richest in the state. It is owned in large part by the U Nersity of Texas and is being de- veloped by large oil companies. The Orient Is the only road which serves this territory. Caxe In Supreme Court. The outcome of a case which will be heard by the Supreme Court of the United States February 25 will have an important bearing on the bidding ut the coming sale. The Interstate Commerce Commission in 1922 grant- ed the road a greater share of frefght revenue derived from the interchange traflic, but the order of the commission was tied up by an injunction. It is an appeal from the injunction’ which the Supreme Court will hear this month. A decision favorable to the road would mean the payment of $750,000 in back re nue, according to ' Clifford ~Histed, general solicitor of the road, and a sed income in the fu- that ned to run from Kansas, Okla- co to Topolo- far neither Histed nor other of- ficials of the road admit knowledge of wny plan for the purchase of the road or its consolldation with other carriers. _Specific denial of such in- tent, so far as the Atchison, Topeka and Santa Fe was concerned, has been entered by E. J. Engel, vice president of that linc Bankers Sald to De Interested. However, rumors that banking in- torests connscted with other south- weste.n roads, ially those in the sume group with the orient, are in the tentative consolidation of proposed by the Interstate Commer mmissio Among the latter are the Missouri Pacific, Chicago and Eastern IHinois, Kansas City South- ern, Kan Oklahoma and Gulf, Texas Pacific, New Orleans, Texa Mexico, and the International Great wong the ¥ outside th ich are rumored to be interc 4 cific, which glso operates lines Mexico. The date of the sale has not as yet been fixed by the court. Problems of Shoe Manufacturers, Shoe manufacturers and distribu- tors, who have recently been holdinz their annual meetings, still seem to huve one of their major problems un- solved. That is the instability of trade occ oned by the frequent change in styles of shoes. Retallers have shown plainly they were afraid to carry large , for fear they might be caught ith un- wlable styles on their hand The e and jobbers alike con- d@emn this trend, but no method been suggested to curtail the efforts on the part of the makers (o produc new and novel - styles the fancy of th s to reduce the ex devoted to displaying these new styles so far have met with little response on the part of the manufacturers. o Axk Your Banke: How much real value stands back of the stock you are asked to buy? Are you sure that the nice, honest- looking stranger is telling you the truth? Ask what he claims. % in public. COTTON GOODS DECREASE Price Decline of Two Points Reg- istered During January. NEW YORK, February 1 tton goods prices moved down two points during January, while woollen goods moved up two points, according to the Testile World's index numbers. The cotton goods sroup for January stood at 239, compared with 241 for December, based on 110 for July, 1914, od at A ear axo the cotton group The January index number for the Wool goods group stood at 223, com- pared “with 221 for Dceember, 1923, and 213 for January, 192 DIVIDiIN]?S. | Conpmny Stock of recond. Apr. 15 Apr. Apr. 3 Meb. 13 Moh 18 cececsed . 0. ot Gt ", 8. Euvelope S, Envelope pi. 3 US Stores 7% pr.pf. Vestu Battery FUR AUCTION IS CLOSED. MONTREAL, February 16.—Timber wolf was the feature of the last day's sale of the Canadian Fur Auction Sales Company's February auction, a collection of 172 fine skins being cagerly bid for and obtaining the rec- ord price of $60. Woif, 6,248 skins, maintained September prices, selling up to $23 ror special dye fine parcel. Fisher was up 10 per cent, medium sized dark brown skins going as high as $165. Mink rose 20 per cent, to a high of $23.50 for castern- Canadian large darks. The collection compriscd 15514 skins. Best\silver fox In the avction brought $445. Marten main- tained outside prices, and beaver, a fine collection of 4,261 skins, advanced 18 per cent. The four days' sale real- ized approximately $1,500,000, 428 COMMERCIAL DEFAULTS. NEW YORK, February 16.—The number of commercial fallures in the TUnited States for the current week showed but little change from last week. This week 428 commercial de- faults were reported to R. G. Dun & © Co., compared with 428 in the previo week. In the same week last yei 1here were 361 fallures. - r attention the | pects have | six months’ handling | has | which will | 120 | our banker to look into | FINANCIAT. NEW YORK CURB MARKET { Recelved by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK, February 16,—Recov- ery set in on the curb market today, {carrying stocks up substantfally from Ithe bottom prices of Friday. There were no particular features, however, practically all classes sharing in the improvement. High priced Standard Olls recovered Quickly, but were still well below their highs of Friday. Swan and Finch gained 7 points when it reached 60. Chesebrough Manufacturing NEW YORK, February 16.—Follow- ing Is an official list of bonds and stocks traded in on the New York Curb Mar- ket today: Sales in thousands. 2 2 1 ) ] 5 igh. Allica Packers @0, 00 Allied Tackers S0 13 Alum_Ts new # Am Gan & Elee 0s. Am Snmat Tob 714 Anaconda. s .. Anglo_Ara_ 0N Figs Asso Bim_Tldw fl‘/}l AtG &WISS ‘“P'h Steel 7 n Low. a8 find 1061 04! fl)l.& Tt H o 501y 1 07 100 % {:2" I"I% 0314 103 &8 101% Ny 10 o Y 1058 05 w0 i1y 1] 6 1007 1041 06 100 10013 100 i 8014 10013 Cudahy Detroit Cy Dun Tire 8 o s B & B Kan City Term Le Val H Ry 08 wi Libby McN & L M toba Power Nat Leather i 10013 100, sy i1y 1004 5148 63 102% b Serv of N J T re Ofl Co Blgn vet et Cle Kx S0NY D u P Switt & Co B EIL&PS o : m oIl T ... 1088 Virg Rs 6s wi 00 iy Web Mills 6l Wil 101% FOREIGN BONDS, vt of Argen 6s wi 100 Grt of Ar vs wi ‘5T 05% n Govt (3. vt Gigs mat cf iovt higs Swiss Govt s Sales 'ANDARD OIL in units, Anglo Am Oil . Horue Scrymser Buckese I L ... Chesebrough Mfg. T O O DS PSP N3 4 4 i 00 Hum 0f1 linois T Tmp ¢ Tndian 241y Northern P L1000 101 Ohio 01 new. S Prairie 01 & Nebraska ... Y uew - 0 onlo ... 8 W Penn T L Swan & Fineh 071 _new NDE 2 Wro Ol Carib Synd Cit Serv cit Serv it Se Mount Prod Mutual 01l vot cofs w Brad Ol w | w Mex Land .. Penn Reaver 011 ... . Pennock Ot = Red Bank Oi new. Hoyal Can 0 & R. van Con ........ 1 Salt Creek Cond 29 Sait Creek Prod B i 196 Washingto Washington Gae Washington Gus 65 '33—$300 at 101, $1,000 at oL American’ Security & Trust Company—2 | 905,10 "wt_303, { " Lanston Mutiotype— at at 75, 3 at 75, 108t 75, { AFTER CALL. i iington Railway & Electrie 45—$1,000 —$1,000 { siington Market Cold Storage 5 10 at ngton Rallway & Electric pfd. at T44, 10 at T4, 10 at 744, UNLISTED DEPARTMENT. Chapin-Sachs 205 Pfd.—10 at 94%. BONDS. Bid and Asked Prices. PUBLIC UTILITY. i . cons, . deb, . Pow. £ m. & Tef. T Alex. & Mt. Ver. 5 Ales. & M. Veru, & Al —ee THE EVENING STAR, WASHINGTON, WEEK SEES SHARP |1 Direct to The Star Office moved up 11 to 380 and the more ac- tive shares such as Standard of In- diana, Vacuum and Standard of Kan- . sas ralllod easily. i Further selling appeared for a time in Kresge Department Stores and Cuban Company reacted almost an- other point. Kresge firmed up toward the close, retracing the carly loss. Motor stocks were firmer with Du runt recovering practleally all Fri- day’s loss. Copper mining shares remained the | active leaders of the mining group ith special buying in Mohician and New Dominion, class A. 7 Sapuipa Rtefin 1 21 Sealonra 0il 218 Cit Corp AL Ventura Cons ... Wileox 0il & Gas. . “Y"0iL INDUSTRIALS. Am Gas pra.. 1% Am L & Tract . Atlantic Fruit w i Trooklyn Nhoes Inc RBrooklsn City R R | Candy Prod Co w | trifueal Ir pipe 20 | Contl Tobaceo ¥ aba Co .. Curtls Aero’ et de Dubilier € & Radio Dunhill Intl Tne .. Durant | witeh & Sig: & Sie ptd Corp w i Havana Tobaco b Hexden ¢ Hudso Int) Cone Tad_Corp Kresge Dept Stares Leh Yal Coal o wi Toeh Yal Ty ris wi Lig & M T B uw wi Mesalii Troy . Midvale Co Miss River Fower r Vien Anst wi k & Tilford. Motor 4 31 Ele Prod Exports hip Tenn Toh T Tnion Carbid Tn Eakeries Z n Pt Nhar new I'n Retafl Cands. . Univ wi X Co AW Ward Bk Co 1t wl Ward Ikz Co prd Wi Cont 1g 31 Willvs Corp 1 Yellow Taxi ¢ MINING, ter Min nt rts Rinck On Tooth Min'ng ... wrin Coppeor Davis Da Dia Dolores Foitu Ha i ndepen Kelly Lo Aine Min nea’ Tond. Ext Miies. . elmaont Tonopah nited F Tnited ¥ Tnity Vietors DI Walker Minin W FOREIGN EXCHANG Quotations furnisued v, 1 £0ld value. 480 Lo Selling checks duy. Loudon, pourd. . Montreal, dollar | Paris, i Birussels, fra Rerlin, mark Iapest, crown . Pragiie Whrsaw, Copenha By the Ass NEW YORK, Febr eign exchange irregul in cents: Great Britain, bles, 429 sixty 42 France, 043 Italy, 04333 Belgium, .0375. Germany, demand cables, 0000000060002 Holland, Sweden, 26.0 zerland, 26.07; .0170; Poland, vakia, .0200 demand, Dills 28%: ca- & m banks, demand, .0136 cables, demand, .04331;; cables, demand, .0 0000000000001 Spain, 000000111 % Jugos] ~hoslo- Aus- Montreal, §7 1-16. U. 8. TREASURY CERTIFICATES (Quotations furaished Ly Itedmond & Co.) ! 4148 Mureh 13 45 June 16, nd 5%s June 15, 34 Bias Septemiber 15, 4138 December i i Washington Waslington Rw: MISCELLANEOUS. D. C. Paper Mfg. Gs... Riggs Realty Oa (long) Riggs Realty 5s (short). sii. Market Cold Storage Wardman Park Hotel 65. STOCKS. PUBLIC UTILITY. jean Tel. & Te'ga Sapital | Traction. shington G Lok V& lec, com . R Clec. Wash, Hwy. & Elec. ptd. | Terminal Taxl com. NATIONAL BANK. g armers ‘& { Federal-American § N American Security & Trust. Continental Trust.: | Merchants' Bank. i { NAVINGS BA: | Commerce & Savings... East Washington... . Security Savings & Co seventh Strect. . United States.... { Washington Mechi FIRE INSURANCE. H | Ameitean { Corcora 13 MISCELLANEOUS, D. C. Paper pfd... o orgenthler. Linotype. D ateh Market com: Oid Duten Market ptd Lanaiet Morager: ¥ ibhington Market. llow Cab. l'-zx aividend today. 75 157 4 8 7 70 { Davis Orl\ Mareh 13 4i4s June 15, 445 Docember 343 Marel 15 414 September 4%s March 135, 4145 December 15, Toom, 10 11 BOSTON STOCK MARKET. , BOSTON, February 16.—Following is a list of today's highest, lowest and closing prices fof the most active stocks dealt in here: Am Ag Chem pfa Arcadian Cors Arizona’ Corn Bingham Mills Boston & Albany Boston & Maine ... Toston-Elevated Calu & Arl Caln & ilec Carson Hill Connor J T . Copper "Range Daily East Butte Eastern 8 § Edison El Hardy Coal Island Cree [0 Isinud Creek ptd Mass Gas . Mayflower 0°C 1100 Mexican Investment ... Mohawk ........ NYNH&H North Butte 01d_Dominion Pucifie Mills Quines St Mary's ‘Land Shannon Shoe e U 8 Smelt Yentura 01 Waldorf ., Walworth Warren Dros . Eeitoelp it Finds Meanest M; From the New York World. The “meanest man” stole not only a wallet contalning $6 from Samuel Weber, blind plano player of New | four . lost &' Can Com 'BUTTER IS LOWER Argen- York city, but took Weber's cane, with' which he finds his way around, while the blind man snatched a little nap. BREAK INSTOCKS i Growing Uneasiness Over Oil Probe Inspires Heavy Wall Street Selling. 1y the Associated Press. NEW YORK, February 16.—Stock prices received a sharp setback this in sclling believed to have been inapired by the growing over the Washington ofl tion. The reactlonary were held in check duripg s of the week, but on antlal break occur circulation of reports that one Wall street’s most prominent opera- tors had suspended his constructive operations in the market. Trade news, as a rule, was favor- able. Freight traflic continues to move fn unprecedented volume for this period of the The steel trade was encour Dretedly larg el orders of Curporation urdiy and re part of $150.000.000 Jargnese loan we nt in’ this country, but stec pund with the res ¥ Attacks on Ofix. Oils subjeeted to repeated bear attacks despite advances fn Mid- Continent and Pennsylvania crude and a further stion in crude ofl production orts. Coppers en- Joyed atemporary perfod When the price A metal was marked but long stock n ¢ uscd them to fall back again. AL chares failed to make much weelk investiga- tendencles the first iday a su year. United : publ coment the that of 1d he share th T were for vari- lined to modity | di mme rnings Reports. veral favorable earnings reports th anpe the neluding that of the American which sh than §1 the South i showed resumption of Some 1l week, 1 ings of me comn were responsible retuations in the sy such jesues ral Eleetric, IN ALL MARKETS Price Cuts Forced to Prevent Ac- cumulations—Worry Over uneasiness | on the ot | the | D. C, SATURDAY, FEBRUARY 16, nvestment Stocks and Bonds Hold Well as Others Tumble Ry 1924, Market Break Confined Largely Speculative Issues—Loan to Japan Big Trade Factor. t I 1 BY STUART P. Bpecial Dispateh to The Star, NEW YORK, Februgry 16.—Thls week’s severe fall in stocks may be {set down as a purely speculative |movement. It has not drawn with it investment securitics, On the con- trary, both Investment bonds and in- { vestment stocks have held up well. But, as a speculative movement, the decline on the stock exchange has t before. {On the facts of the outside business | situation, Wall street had a right to be optimistic, but had no right to be as enthusiastic as it was up to a fortnight ago. Stocks were up all the way from 15 to 20 points from the last week in October and yet|} | many commentators, -including some lin high places, wero talking as if this were only the beginning of a great upward swing. Public Cnutlous in Trading. The same thing occurred a year ago and the sequel was the extravagant of the summer and the arly autumn. Wall street is noted for golng to extremes, but it has never swung around to such absurd lengths as it has during the last few More and more the conclusion o on that the stock ble ba- a WEST. i ¥ t o « ¢ i f |followed logically what we ! t t t i | pessimism years. is horne in on one thut | {market {s no longer the b Yometer of outside conditions it use to be considered. Fortunately the market has not the extended speculative account it had i year ago. The public has not come in as in February and March, 1921 {de husiness there has been no Tetted rush 1o byy with rapldily { mounting prices. Consequently th position cannot be compared with that of last ¥ Ol Lease & L The plain reading of the Wall street situation is that the improvement which has oceurred in general trade from last fall to the present time discounted by the very large rix ocks. An adjustment had to fol- and it has come within the last wecks. The attempt to drag in oil lease scandal as a majo o is far-fotched. When Wall wants a pretest for a fluctua- Tien which would have eome about amyway, 1t seldom has diffienlty in { finding one. In this instance the Sen- ate investigations lay to hand | the desired No | person ought to believe that | cedings at Washington will | uncovering such corrupt nment as will w future of Americ 3t rec re ait in Eove the values { wubscription of Loan Impressive.| panese loan of | has been w striking in- {cident of the week and_the oversub- seription impressive. The attrac $150,000,000 Foreign Arrivals. Felruary parent in the pr 16 —Although itstanding no « for a change hutter mar- this orked to 1 < gradually s and the mar- nervous of the pre was sluggish and to remained s th ad than sutticient At tin to reduce prices nn more o8 *receiver: to 3 only factor strong do- 11t nece ccumulati ‘onfidence was the n otherwise ation. Markets were in a statistical position. De- 1, reluctant as it was, wus suffi- ient to absorb the receipts as evi- ienced by mo iner in trading ks at the four markets during the {week isa of the w s at the four markets t of the vear were ver: for th ne perio two weeks ago At the firs ) thos whores 1ge o s last year's under previous week, ade butt rades les or wire teported few cents of top all market butter concessions, manded very by almost grades cor the weason xception has found ready riva Whether the vals can be absorbed along ed heavier domestic w lowering prices to imulate consumption was probably most unsettling problem before e trade during the week. TRADE IS STILL SLOW. Bad Weather, Price Uncertainties and Smail Orders Are Factors. NEW YORK, February 16.—Brad- 1 iew today says; ather irregularitie bad roads, unce ics and the all-per- all, but often buying, make intlance of the unsatisfac- of reports from the ap- which have Improved capecially with jobber 1 below expectation: extension of. the movement in southern cotton stil 3 O the other side of the case is th continued increase of activity in metal trad el, iron, lead and copper and while ' preparations —are active for a big spring in construe- tion lines, in the building of houses, and in the inauguration of many local sucl roa uring fs active, is doing In furniture 1l<0. Weather con- nded to retard building but the material trades—Ilumber. ~ hardware, paints, brick and cement—all report more than normal winter actlvity. e and a fair share 2 ra SHORT TERM SECUB:ITIES. iQuotatlons furnished by Redmond & Co.) . of Amer. Ts 1 Alnminum C of Amer. T sum Co. can Cot fiimore & Ohlo fs 1024 11 Tel. of Canada 5s 19: an Northern lye 1 1 Leather 58 1925 1. & Paeiflc 5%s Empire Gas & Fuel 75 103 i r| ':m:nr Ref. 6s 1 1938... .. A1Gx 1928 & & Co. 7is 1080.. Short L 4 1026 Blys 1031 ion s 1030 . 8. Rubber 7l4s 1930, West Penn. Power 6s 1024, Westorn Unlon_ 6148 1936, 2 Westinghouse E. & M. 7s 1031, Wisconsin Edison Co. 6s 1924... fas (e The ice palace at Montreal is built of blocks of ice. When the structure is erected it is sprayed with water, so that It freezes solid. and ear cur- ! k under re- | approximate- | the | added forcign butter | curtail- | { ness of the vield. which s over 7 per | %, has been one factor. Another s been . th pplication of | | American eorpo; king to do Jore business pan, U ¥ the fo this|] 13 represented ge of bona f ment—bids than in almost any o lats ations with sscription A mue I oth financial issue of dily be | helpful 1 henee broad | thing prestige | voreign ! flcated here 1o our so large an could o re. It will be ver: o our trade with Japen, a 10 our foreign trade in general. 1t | will contribute to foraver down the i bugaboo of an American-Japanese | Clieh, which so often cropped up in the markets of & decade or S ago.. | Finaneing by Railronds. | ut there is a narrower point of | Ve of sagte I iediate interest to | i the investment community. Here is anothe ion to the Ay large | outpourirfes of mew scc At me fime come intimations that ratiroads are ut to bring out | {an extenstve program of mew financ ing. The investment market fores in all this an active competition With | fssues, and the :‘;.\4)“;'.:‘ el ds into m lines which would L e “have gone Into the aceus tomed channels The same sort of | thing checked the | i i i {existing rise in lh;~ Invl;ll‘ jarket in September 1922, and again | both for bonds and stocks in lh(’l 4 2 1 ‘he drop in cotton has been quit e kink as that in stocks. Prices lost all the ground gained sinc AGREES TO CHANGE NAME. Firm to Take “Havana' Off Cigars Using Other Tobacco. NEW YORK, February 16.—Brought {into commercial frauds court on com- | plaint of the American Falr Trade League, the Webster Cigar Company of Detroit has dedicated itself to the Proposition that olgars, to bear the P “favana” should ‘contain noth- ihe but Cuba-grown tobacco. The defendant company cnnt»ndwd that use of the pame “Havana” on its eigar or in its advertising was not |fhtended to deceive, and did not de- | ctive, since customers knew the word | only .a trage name. It w !agreed, f\nwm’ur. that the Webs people would cease using the word in {Feference to its cigars by June 1. Bdmund A. Whittier, secretary- treasurer of the Fair Trade Leagic, | eharacterized the results of the court, action most important victory {ion by this organization in its cru- Sade against Misleading advertising !and merchandising of tobacco prod- ! uots.” { | COMMODITY NEWS | | WIRED STAR FROM | ENTIRE COUNTRY AKRON, February 16.—An increase | in production here has brought the tire output to 100,000 casings a day, the highest point i several months. An increase in demand for balloon tires has followed a cut of 15 to 20 per cent in price by the Firestone company. PORTLAND, Ore., February 16— Very good business continues in pota- toes in carload lots with U. §. No. 1s bringing as high as $1.50 at central main line shipping points. California is the chief buyer here. TULSA, Okla, February 16.—One hundred and eleven new drilling operations are reported in this state. This new development campaign, | stimulated by recent advances In oil prices, extends to eighteen counties. The Marlapd Oil Company will start twenty wells within the next month, | most of them in the Tonkawa and Osage flelds. PHILADELPHIA, February 16— Demand from knitters is holding the | quotations on cotton varns steady in | this market. Few local mills are ! working on worsted yarns for de- livery later than March 15. ATLANTA, February 16.—Thou- sands of dealers and visitors arrived here today for the automobile show. Closed cars featured the exhibits, buying tendencies having turned to those models in the last year in this gection. | - demand to form pl; whil fail, { French public { Joseph I. Weller | Lowest Rate he late autumn. however, is quite s : ong tinie for the law of rt itself, by done. Raw ard 1o such he could not <upply this I inally been otton Wi pushed forw he millow sperations ost could not snsumer, cons curtafiment _of il nevitable. For the sane sxport demand fell off, igures showing n decre ivitiex was reason the the January e of somt 40 per cent as compared with Deceri- ser. Outlook Not Brizhi ch ropoxal. 1 the parlinme “rench ch the governn Despite hat the hrough tary siwr will put nt's fiscal re nd despite the optimist to the work of the ex i in Germany, franc h the Rely new Tow records may' not he interpreted referen: 11 Crench s sfon of opinion in the hat the but ndicating rench relicf must b skepticis ntery resardin 20 per cent tax inerease p how it will be (Conyrizht, THERE IS NO EXC for a man chan ings in ha when there edge, well FIRST MORTGAGE NOTES Bearing 7% Interest No invextmen sreater 1eturs wafet Wiite for full i Amounts of $100 Up Now Available The margzin demand will insure o the saf s have enj selected will and offer n isure i futu v 1 “Never a Lors of a Penny'* CHAS. D. SAGE 924 Fourteenth St. N.W. Main 26 Losn Depart Money to Loan Eeenred br first deed of trust on real estate Prevailing Interest and eommission. 520 Wash. L. & Bidg.. 9th & F N. WILL BUY ALL ISSUES GERMAN BONDS Main 2867 435 Star Bldg. Co-Operative Building Association Organired 1 44th YEAR COMPLETED Annets Surplus 3 . ccomplishe: saving Someans ot Subscription for the 86th Issue of Stock Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, Presldent FRANK P. REESIDE | Prominent Real Estate Firm Wants A Young Man Between 20 and 30 Years Old —to specialize in the sa of first trust (mortgage) notes. Must be well ¢ of good appe lent opport man who work. Prefer one wwho is now employed in_a bond ofice. bank or real estt, o Address Box 192-H Star Office R e T i Jucated a ance- ty for a you really wants to [weaccziinr ! { | First Mortghge Loans]| s _of Interest and Prompt Action Comumlssion | Thomas J. Fisher & Company, Iric. | 738 15th Street First Mortgages $250 and Up Write or Call for “Booklet.” William S. Phillips| ISTH ST. AT K N.W. Maln 4600, ’ We want good First and Second Trusts in Washington and Vicinity— Reasonable Terms—Prompt tions. Call or write. i Banking Trust & Mortgage Co., investiga- | Banking Trust & Mortgage Co.| Rooms 20-21 1410 G St. N.Vv, Phone Franklin 5734 In Convenient Denominations For Investors Interest 612% N2 éfifhcnifi Street Main 6888 Have Ample Funds I For the P:x‘r:hase of First and Second Trust Notes and Collateral Notes Secured on Real Estate Construction Loans Made at Reasonable Rates Real Estate, Mortgage & Guaranty Corp. 26 Jackson Place Phone Main 1403 Washington, D. C. | Sat;c;v_xardin_g the Future With Our 6%2% irst Mortgage Notes ) \ JHEN a man’s livelihood and his family’s safety hang upon his earning power, there must be some strong safeguard for the And the most unassailable is the savings invested in our First ral interest return and one hundred per cent value every day in the year. Theze Notes Are Now Yielding 6147 Swartzell, Rheem & Hensey Co. 727 15th Street N. W. 54 Years Without Loss to an Investor MONEY TO LOAN ON FIEST MORTGAGES AT CURRENT RATES OF INTEREST 1207 Conncolicut @cfla@ Turning Dead Ones Inte Live Ones —this may truthfully be said of the operations of our MORTGAGE " INVESTMENT MENT. It is” engaged daily in turning unproductive dollars into those that ¢arn liberal rates of interest d at that without sacrificing one iota of security sk of depreciation in values. g RESURRECT those hidden and inactive dol- lars, or those earning low rates of interest, and in- vest them in some of our FIRST MORTGAGE NOTES paying today 6]/2 ‘70 and 7% Request our MORTGAGE INVESTMENT DEPARTMENT to furnish details SHANNON - &-LUCHS and 715 14th Street N.W. Main 2345 DEPART-