Evening Star Newspaper, February 29, 1924, Page 29

FINANCIAL. . SAPAN NOW FACTOR [NWOOL INDUSTRY Trade Figures Reveal Great Changes in Imports Taken for Silk-Clad Race. Bpecial Dispatch to The Star. NEW YORK, February 29.—In the March issue of Commerce Monthly, the National Bank of Commerce dis- cusses the development of wool man- ufacturing in Japan. “For many centuries the name of the ortent, and particularly of Japan, was associated in the western mind with the conception of silk manufac- ture for a silk-clad race. Even today the fdea ts so firmly intrenched In the Jbublic mind that, until confronted Awith the figures on Japanese trade in' wool and wool goods, few realize the unmistakable trend toward = wider use of wool textiles which has set in in the island emplre. “This change is reflected in the for- eign trade of Japan in weol and tops arns end tlssues While ten years 280 those classes of goods repre- Sented only about 5 per cent of its imports of all commodities, durlng 1923 the valus of foreign purchases by Japan of the same groups amount. £d more than 10 per cent of the total Imports of the raw s of the wool textile indus- however, have shown a much er relative increase in value than lu ¥ manufactured goods. Figures Reveal Trade Facte, “The rapid expansion of consum tion at home and a slight quantit tive increase in the export trade in "00l textlles in contrast to the Fesent siackness in the silk piece §00ds trade seem to Indicate that the wool manufacture of Japan may mer't In the future some of the interest s0 long accorded to its silk textlle Industry. “How important a factor wool haa become in the economy of Japan IS Tevealed by the fact that duting 1933 Wwool and wWool yarns combined were the second largest item, measured Valuewise, In the import schedule, and were ‘materially larger than.iron and steel imports. Mills Out of Quake Zene. “Competent observers, whils ques- tioning the present ability of Japan to compete seriously in the interna- & nal cloth market with the veteran dustry of such a producer aa Eng- land, nevertheless feel that it is & potentlal competitor of tmportance, and look for Increasing competition from that source. Japanese goods are already contestants for oriental trade. Though a small section of the industry In Japan lay in the earth- Quake zone the consensus of opinion indicates that the bulk of the pro- ducing equipment is Intact.” ¥RENCH FRANC DROP BLAMED ON GERMANS Wild Speculation by Short Selling Given as Cause by Paris Paper. ’ # Baio to The Star and the cn Dat Rewn, Coperighes Tosd 0 DAY PARIS, February 29.—The French financlal paper Lecapital declares that one of the principal reasons for the fall of the franc Is that Ger- mans and other adversarles of French policy, ably assisted by heterogene- ous speculators, have sold and are continually selling francs short, In expectation of a further decline In Freach exchange. It quotes the German Frankfurter Zeitung to the effect that each time the French franc shows signs of re- overy there is great nervousness in Switserland, Holland and other Ger- man financial centers. It estimates the sum the sellers will be obliged to cover in the near future at $60,000,- 000 and continues: “There Is here a dangerous situ- ation for our aggressors which it vould be unpardonable for us not to ploit. It would suffice for us to er gold francs to the total of 300,- (00,000 to provoke such & panic among speculators across the Rhine, besides which the panic which inflicted their grandfathers at Jena would be noth- ing in comparison. Within a few hours the dollar would reach a rea- sonable rate and the Machlavellis at Berlln, Instead of winning profits, would' undergo a loss which the: would long remember. e poss bilitles are brilllant and the game well worth the candle. —_—— DEAL IN DURANT STOCK. lubddlury Shares to Be Taken From Curb Market. NEW YORK, February 28.—Stock of NEW YORK CURB MARKET Received by Private Wire BY WILLIAN F. HEFFERNAN. NEW YORK, February 29.—Return- Ing confidence In the outside trade situation resulted In a more active buying mevement on the curb market today, and the upward movement was predominunt. Disturbing reports of government supervision over the oll Industry, growing out of the Teapat Dome eplsode, checked any further buying in this group. However, weak- ness was not apparent In the all shares, and one or two of these stocks moved forward. Included ameng these latter were New Mexico und Artzona Land apd Arkansas Natural Gas. The report that one of the larger oll-predueing companies was negotlating with t St. Louis and San Francisco Rallway Company, which had a 5 per cent In- ferest In New Mexico and Arizona land, for drilllng rights on this - Pany's property was confirmed by the president of the Texas Company. It ne‘ulilllonl are successfully com- pleted and oll produced, Tezas Com- Pany wlil operate on a royalty basls. At the obening 2,600 shares changed hands between 8% and 9 and there- wi Bay Intl Match Gian wi, 9% Kan City Term 33s 100% Kennecott (¢ 3 U s n cidp B Salesin SBTANDARD OIL ISSTES. unics, 100 Anglo-Am O} L. [ nm Fumbl- 0 & W new 5% nGuunoflgnm 3 Kirby Pet .....ooan Washington Stock Exchange. SALES. Fashington Gas s '33-$100 xt 100%. Caplial Traction Co1 at 94 ington Gaa Lightot at o Capital Traction 3553500 o AFTER CALL. Fashington Gas Sa—8500 at 04, $300 at B4, 8300 at 94, $1,000 at 04, t 04, $1,500 at shington Tws. & Elec. 45—81 Capital Traction Ca—10 at 844, Forty u%. 10 at 94%, 10 at 9434, 4 at Money—Call loans, 5 and c m cent. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Amertean Tel. & Tel Arieon omae Bs. the Durant Motor Company of In- Anco-n- l Pol.ml“:fll dlana, & subsidiary of Durant Motor: Ine, 18 to be withdrawn from trad- ing ‘on the New York curb market as a result of the purchase of more than 90 per cent of Its shares by the parent | organisation. Directors of the Indlana company | have passed a resolution requesting | removal of the stock from the trading ' list. Governors of the exchange have , not yet acted upon_the application. urant Motors. Inc., IC. &P 4 B Telcohone of v Caphat Traction T R. Suburban Gs. City & Georgetown. Gas | u..,t',,uuu. R Potomse Elec. 1 ot Potor Ptor Tot. yirtually all of the Indlana company's | ¥ $4,000,000 capital ltol:l( P o, mvmms. P BRI - ARRTASARETBBAR F s g g ¥ SRAINRTRAARASAR Tuckett Ton Lid udkett Tob Litd bt o EER i ooaaoonmaco.mmm Looooco PN heel el Bl bt B ole & T Mfg...” Q3 48 (5t EX-] nrvmm TABLE. Sash Gule sutpn Sas & Gulf Sulphur, q o Guit Sulphur, ext % Vacuum Oil Co. BUTTER IS LOWER. CHICAGO, February 23—Butter— ?w. creamery extras, W7; ‘stand- rds, 47; extra firsts, 465 né6%; nm-. 45%846; seconds, 44%ad5. pesHigner:, | receipts STOCK S. PUBLIC UTILITY. THE Direct to The Star Ofics after the dteck was more active than at any other time. The buylng of Arkansas Natural Gas followed the aation of directors Thureday in voting to resume dtvi- dends at the annual rate of 33 cents & share. The quarterly dividend dis- lrlb-ual Just declared !s the first on the ateck aince July, 1921, when 36 cents a share was paid. The advance to 13% cents in quo- tations on the copper metal—the highest 30 far this year—and the marking up of lead quotations to 3% eents 2 pound stimulated activity in the mining group at somew! ter prices. chai han 9%, Pennsylvania Mines was higher above 1% and Red Warrior contin- ued to be actively taken at top prices In_the present move. Misleading reporta recently have been circulated regarding the sus- pension of trading {n Durant Motor atock for fallure to submit to the curb nufrket a financial statement. It now develops that the Durant com- pany requested the curb autharities to strike from the liat the stack of Durant Motors of Indlana. This re- quest was prompted by the fact that Durant of Delaware, the parent com- * pany, has acquired 90 per cent of the outstanding stock of the Indiana com- ~any. T et % i nock OF Caw Oii ‘& Het €on o o BEZ3! FEE H 35enBosuilu TERE T2 F “oiil EL £ i 222EETS s R LR 3 *F 2. 25n-s 1 Keperst ied Mot Am_Exploration Canarlo Copper . > | 5 l 28 0 BER A2 B sy 3 TE IS "3 Bo Am Goid & P i Bpearbead Goid.. 8 Teck F = > * Walker m'-lu 27 Wenden ¢ 10 White " Cops.o.. RownbRBLERuBE. 1% COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY MINNEAPOLIS, February 29.—Of ficlals are preparing to start !lhl- nesota in the wild rice growing and fur businesses. Use of lake shores and swamps on state-owned lands for rice production is being considered | sertously. The high price of muskrat skins has drawn attention to pos- sible profits from state trapping on these same locations. ATLANTA, February 29.—Georgia tobacoo beds are In splendid shape. Demonstrators from the Carolinas who are helping develop the indus- try declare bright leaf culture will become one of the state's chlef in- dusteies. PORTLAND, Oreg., February 20.— Wool men in Tdaho and Utah are be- ginning at last to contract for the| 1324 clip of wool from thelr flocks. Frices are ranging from 38 to 40 conts a pound in the grease for aver- age clips. DETROIT, February 29.—Michigan sugar beet growers are signi: contracts, for the coming season freely, as the baslo has been raised by manufacturers to $7 & ton. Manu- facturers are predicting that high prices will be obtained for the 1924 sugar output. TO!"EKA. P'.bn.lll" 29.—Gov. Jona- than M. indicated today tI unless tl ln!arnlflonn.l Harvester Company reduced the cost of binder parts to Kansas farmers some sort of legislation would be -mought to compel such a reduction. The gov-! drnor sald that If bought piece by| plece a . McCormick binder would| cost the farmer $550, or double the price of a comnlelo new m;eanm . .|OR. JONES MENTIONED FOR SEAT IN CONGRESS Bpecial Dispatch to The Btar. ROCKVILLE, Md., February 29— There .are understood to be - 8o l me ‘| prominent democrats in Montgomery |- ied Bt e ahgvon Mochanice’ FIRB INSURANCE. Il '%:&l ll'lc( fl FEE : county who -believe that thelr party stands an excellent chance of eléct- | Ing its candidate for the Houss of Representatives in this dlstrict next| fall, and they have begun: to look around for a sultable man to support for the nomination. As this county {s the only- demo- cratic county of the district, the others—] erick, “Washington, Al Jesany and Garrett—all belng stron, y . -republican, the feeling -among demoorats of the county seems to be that a mnt‘mcrf county demoorat ghould be given the nomination If an available man can be induced to make the fight. With Andrew J. (Cy) Cummings, democrat, announcing his candidacy yesterday, Dr. Eugene Jones of Kensington, who represents the county in the state senate, is now mentioned. It Il said in behalf of Senator Jone that he has (nmlllrll.fl his vote. ualitls :I more than one L as this has for ended disorganised dema: g upIn EVENING STAR, WASHINGTON, D. IBRITISH BUSINESS IN CHADTIC STATE Trade Hurt by Strike—Mills on Short Time—Steel Industry Weak. By the Awaciated Press, LONDON, February 3%.—"Finance and Industry are both jumpy.” says the February summary of Britlsh trade issued by the American Cham- ber of Commerce in London, which polnts out that national disputes are threatening the mining, shipbullding and engineering induatrie Forelgn coa! buyers are scekin pi sion against a possible miners® st while the dock workers' strike just and prices. The recent reduction in the German reparation customs levy from 126 to 5 per cent s checking the iron and steel business, where a fresh contl- nental price-cutting campalgn s feared. "Tin {s approaching famine prices at €380 a ten. The report notes that is agaln enforced in the cotton in- dustry, 25,000,000 working only twenty. and one-halt hours weekly, and there has been & heavy decline in futurea. ‘The "R:;l mentions that the gov. ernm tnatity committee of hort time inquiry to report on the policy of siaughter In connection with the foot and mouth discase, which i3 prev- ent. PENNSY HAS HEAVY N. & W. HOLDINGS Lease Talk Brings Out Special Facts on Relations of Two Railroads. PHILADELPHIA, Pebruary 29.— President Rea of the Pennsylvania, in an interview on Wednesday, declared that a lease of Norfolk and Western by his road would be to the advantage of both companies and the territory served by them. ‘The Pennsylvanla system owned on December 31, 1922, a total of $43,414, 000 of the $128,992,000 outstanding common shares of the Norfolk and Western and $11,420,000 of the $23.- 900,000 4 per cent non-cumulative pre. ferred. The common paya a regular aividend of 7 per cent per annum, but also has pald an extra 1 per cent of ind on for several years. The owners of large coal properties In Pennsylvania have iIncreased thelr coal holdings along the Norfolk and Western and the Pennsylvania syste: Is the distributing territory 1 output as well e of other trafic, according to & recent statement of President Rea. Both companles _are shipping through the port of Norfolk a large trafic which a lease would materially increase, Mr, Rea declared, and also have an’ important terminal develap- ment to make In or near the city of Norfolk. FINANCIAL PANIC HALTS IN HUNGARY By the Associated Press. BUDAPEST, February 29.—The financial panic which Hungary has been experlencing has come to a standstill, though prices have r mained at the high water mark. The government's policy at present is con- centrated in the working out of the loan plan wigh the league of nations, the representatives of which are ex- pected in Budapest shortly for the ne- gotiations. Count Bethlen, the premier, has ap- pointed ex-Finance Minister Kalley as mediator hetween the league and the mwel‘llmtn! IMPRISONED ACTRESS IS OFFERED HOME | i Sympathy of Bockville Community * Touched Over Plight of Ex-Follies Girl. Special Dimpateh to The Star. ROCKVILLE, Md., Februury 29.— Through the g00d offices of the Mont- gomery County Soctal Service League, arrangements have been made for the release from jail here of Mrs. Grace Foster Westmoreland, the pretty twenty-year-old actress of Atlants, Ga, who Is charged with stealing several articles of clothing and twen- ty-five dollare in cash, from Mrs. tie Hogue, Takoma Pirk, this cognty, wohse home she was & guest week last December. At a prelimi- nary hearing bafore Judge Samuel RIgEs, in the police court here, early in the week, she was committed to 11 in defauit of bail in the amaunt of $500. Oftered Home By Barkers. It is stated that Mr. and Mrs. Elihu F. Barker of the Sandy Spring neigh- borhood, this county, are willing to take the young woman into thelr magnificent home, and as such'an ar- rangement s understood to meet with the a Riggs and Garrett, the erstwhile actress ably will become a member Barker household witht! day of two, e feelin, unanimous that the r the prollcu lan of Mri ‘Westmoreland wlll b & ely. she deports hlrl!lf with l proper re- ;Fecl for the proprietiea 'hll. ‘with r. and Mrs. Barker, and manifests a willingness to “mend her ways,” it Is bell. -ved to be possible the case her will be eren-fl, inas- mnth as Mrs. Hogue does not seem at all anxious to have lfl' sent to Pprison. While the Foll ot National at gv flnflon. l-k fall, Mrs. wnt- moreland, w! nn. of them, was luken sick Il company left 'wn- without he Whon she recov- tl‘cd from her ons she vlll vlllh t funds, and Mrs. Hogu to run across hor in wuhln = on and whose sympathles were aroused by her plllht. uvlt-d h.r to her Takwna 'k _home. later the young actress tut her t observing the for- ding good-bye to her factor or any member of the nouunnu, and ‘soon thereafter the { ne. of the mone; 4 elot f we r Sherift Clay Plummet ul l'lfl in Atlanta, Gl-. and ‘went tlcr. and arrested he: WILLIA“TOWN. W. Va., February 29.—The body of a found yes- forday in & frelght car ) not ll- {dentifie II nrkerlbnr‘ nom Benwood. and are pressing for orders, e ' C, $101,381,556 TRADE BALANCE FOR U. S. Commerce Department Reports Larger Exports to Europe Than Anywhere Else. A forelgm trade balance favorable to the United States of $101.381.656 'was shown todsy in figures made pub- Uc by the Department of Commerce. Exporta continued larger to Eu-! Tope than to any other group of coun- tries, although imports from Europe | advanced sharply over January a Year ago. The department's figures analyzing exporta for Ji ary, which amounted to § 17 ), _and_imports, which At $303.788,073, were dl- vided among the various groups as, follows: | | 220 ¢ 2. 2e076 | aznaom | 8892983 447,123 HoaszeTTa it 92,245,148 | 804,320 1 5.434.088 11,688,438 SEES CANADA LEADING IN EXPORTING WHEA U. 8. Seon to Produce Only Enough for Home Needs, Says Herbert Holt. Spectal Dispateh to The Star. WINNIPEG. Manitoba, February 29. —Canada will soon have a virtual monopoly of the export trade in wheat from North America, according to Sir Herbert Holt, president of the Royal Bank of Canada “Present tendencles In the United States” sald Sir Herbert, “Indicate that within the next few years the republic will produce only enough wheat for its domestic needs, leaving Canada, already the leading exporter of the world, as the sole exporter of wheat from North America. “Canada’s wheat exports to the world have increased more than 2,000 er cent since 1900. In that year the ominion shipped out 9,359,540 €ls of wheat. In the year ending Aus gust 1, 1923, Canada's exports” of wheat ~ amounted to 239,681,000 bushels. EMPHASIZES STAND FOR STATE'S RIGHTS | ) Resolution Introduced at Annpo-' lis Opposes Federal Sheppard- ! Towner Act. Special Dispatch to The Star. ! ANNAPOLIS, Md.. February 29.— The general feellng of opposition | current in the Maryvland geaeral as- sembly to what is termed ‘‘federal encroachment on state's rights” was definitely expressed yesterday when | Senator John W. McCullough of G rett county introduced a joint reso- |lution designed to withdraw the ac- | lceptance of the state from the fed- {erul Sheppard-Towner act. | ‘This act, which offers federal finan- clal ald equal to the amount ad- | vanced by the state for the promo- | tlon of welfare and hygiene of ma- ternity and Infancy. was accepted by the last legislature after a bitter fight. The acceptance came on the t night of the session following a elght-hour fillbuster. Since that tim the provisions of the law have heen in effect under the supervision of the state board of health. The measure |had practically the consolidated back- ing of the difterent women's organi- zations in the state and the resolution e reacind its acceptance will cause l severe fight In the present session. l Prince Geermes Bill. i An annual income of 3600 to be! spent by the commissloners of Upper Marlboro as they see fit Is provided for In a biil Introduced In the house yesterday by the Prince Georges' dele- gation. ~The measure directs the: county commissioners of Prince Goorges county to levy $600 additional taxes each year to be nlld over to th. commissioners of town. primary object of t.h. bill is to l.|-| low the town authoritles to purchase the necessary fire equipment and make some urgent Improgements. Members of the delegation pointed out that the county jall and & number of other county hulmlnn were lncated in 4is 1omen and l, st protec- tion from fire wa u A bill changin Prince Georges .nun(! ntroduced by Delegate George J. Hess of that county was killed yeaterday when the house adopted an unfuvorable com- mittee report, The bill required all persons who desired to malintain sink | e ,un- Tawe of boxes In the Patuxent river to ap- PIy to the clerk of the county elreult | court for & license, the cost of which ; was established at §5, and a fee of | 25 _cents. ! ‘The_bill further provided that no‘ alnk boxes could be conatructed in ‘waters oppoaite the property of any one without the written permiasion of I the owner, and at least 300 yards! from another sink box. It would have | been lawtul to shoot ducks any week | day during ‘the gunning season, ac- | cording to the bill, but no sportaman could sheot from a licensed blind without the consent of the owner. Beulevard Bill Advanced. ! The House yesterday launud lhlx bill introduced in y calling for the construction of 000 boulevard on eastern shore from | Love Point to Denton, when a favora- ble report of the house ways and means committee was adopted. The construction of this road would | shorten the distance from Washing- ton to the various points on the east- <rn shore of Maryland by at leaat three hours, ee, e bill re ulflnl out- nb!he.nuc! fishermen to pay & ten-dollar anglersy license will be unfavarably roport to the menate. s bil} has raised storm of protest from the numerous sportsmen of the District who have been in the habit of fishing In the various streams of the stat CHAUTAUQUA TOMORROW. Programs Will Continue in Falls _Church Until Tuesday. Special Dispateh to The Star. FALLS CHURCH, Va., February 29. --'nn Swarthmore Chautauqua will in here tomorrow at Odd Fellow: Hlll and continue until night, giving atternoon and rograms, as herstofore. grams_comprise lectures, music lnm other féatures. ! Junior chautauquas will be held in| the afternoon and a special children's { entertalnment on the afternoon of the ! closing day. A especial program will be given dunday afternoon. e e The first rubber rosd 'u laid in London more than ten years ago and is stHl in excellent condition. FRIDAY, FEBRUARY 29, 1924 BUYING POWER UP - INFIFTH I]ISTRICT Reserve Bank Gain in Retalln Sales—Fewer Failures. Deposits Grow. By the Associated Pres . RICHMOND, February 29.— Despite the lack of “snap and enthu- slasm” evident & year ago, business in the Afth federal reserve district during January was nevertheless equal In volume to that same month last year, according to the bank's monthly review of conditions issued here. A year ago, the report deslares, the volume of business seemed greater by contrast because business men were Just recovering from the depression *“which b n_ about the middle of 1920 and ed under the summer and early fall of 1323." Comparative Proaperity of the past fitteen to elgh- teen months over ch merchants look back makes present activity mot ®0 remarkable as it did twelve months Power Greater. “The purchasing power of the fifth llr'cl 18 t‘onlld ably greater than eAT hy eview as- Virginia, ‘where the coal miners are not able to mecure full-time employment. The Carolinas, which buy goods in enor- moul uantities from the wholesalers in mond and Baltimore, are In botter Amanclal shape than they Tave been llnc the spring of 1920. Agri- culture ylelds were good on the whole in v|muu-, Maryland and West Vir- i both skilled wnd unskilled | BRct Daver baan fany oaneyel ot high wages during the pi year. Furthermo: people have been less extravaga: with their funds have shown a growing dispos! u dl e Bt e investinents in homes or securities, | or bullding up savings accounts. “The insurance companies found business in the fifth district especial- Iy good during the pust year. Banks {a Better Position. \Deposits, according to the report, ow that bank customers are finan- lly stronger this year than they were last y Member banks in | principal cities find themselves abla to care for ull present needs of their customers. Fifth district business fallures in January, 1924, were less numerous by 121 per cent than In January, 1923, and liabllities wore 3.3 per cent low. er, this record being distinctly better ¢ than the national average, the review “Unskilled workmen are fully em- ployed and wage scales wre unc ed from the levels report continues. and Is cheaper than it has been dur- | Ing recent vears. The textile indus- wy is marking time. Cotton prices continue to hold well above the thir- ty-cent lavel and are considerably above 1923 prices at the same season of the year.” Tobacco Prices Higher. Tobacco is bringing better prices i than in December and the size of the crop Is up to the estimates, according | to the review, which adds that farm- | ers are making preparations for this | year's planting and are, on the wver- age, well advanced with their work. City department store sales indi- cate that retail trade during January was 8.0 per cent above that of Janu- ary, 1923, and 7.2 per cent above aver- e. January business during the hree previous years, the review says. Wholesale trade was sald to have been greater in January in every line, oxcept grocerles, than in December, 1923. Groceries show Rain in com- parison with trade in January, 1923. Hardware and furniture bualnesses also show improvement over a - ar ago, while dry goods, shoes and drugs show losse: AUTOIST HELD FOR DEATH Also Charged With Driving Car While Intoxicated. Special Dispatch to The Star. GRANTSVILLE, Md., February 29. ~=J. Calvin Areford, driver of the utomobile which overturned on Mrs. {1da Goldstein of Morgantown, W. Va. and killed her last Friday near Smithtield, was held for court yes- terday by Justice John W. Darby at Uniontown on two counts. The alderman asked $4,000 bail on a charge of involuntary manslaugh- ter and $1,000 on a charge of operat- ing a motor vehicle while under the influence of liquor. EXPORTING FIRMS MERGE. NEW YORK, February 29.—Consoli- dation of two large exporting and im- porting houses, the American Trading Company and the William E. Peck Company, is announced. The new or- jcan Trading Company, Inc, will maintain offices in the United States, Canada, the far east, Europe and South America. Before Yom Invest—Investigate. Ever notice that the fellowa who try to get rich quick are always broke? Announcement The services of competent, ex- perienced accountants may be obtained for bookkeeping, ac- uunlinl and auditing work by ¢ “Main 530 A high-grade professional ac- counting service under direct supervision of a Certified Public Atconn!u}s. Money on Hand to Loan on Improved Real Estate First Trust Only . JAMES F. SHEA 643 l.olinu Ave. NW. —to specialize in the sale of first trust-(mortgage) notes, Muu be well educated and appearance—excels lem opf ammit for a young was who, rea ly want: | { | anization, to be known as the Amer. | - Money to Loan Secured hy first deed of trust on teal estals Prevailing {oterest and commission. Joscph l Weller i Pidz. MONEY TO LOAN O= Improved D. C. Preperty at Prevalling Rates of Interest See Mr, Fileld Hedges & Middleton, Inc. REALTORS 133¢ H St. NN\W. Franklin 9503 'HY has no fnvestor ever lost n ’ dollar of prin W L & Trose S. W, STRAUS & CO. Investment Properties FOR SALE Vicinity Conn. Ave, & L St. N.W. JORDAN & CO. Incorporated. 1027 17th St. N. W. H as a single penny in either principal or interest isarecord we prize most highly. Qur past eareful and con- servative methods that have established for us this enviable record undoubtedly will guide ue in the future. Notes of $250 up Bearing ; 17 Now On Hand Chas. D. Sager 924 Fourteenth Street N.W. Loan Dept., Main EE PAY DAY IS HERE-- Just a Word, Please— Don’t Spend It All, Even For “Legitimates”— Commence Now To Lay the Foundation For Independence— Start Buying First Mortgage Notes— You Can Begin With $10.00— They Pay 63 & 79— No Risks— No Losses— No Depreciations— No Delays. Wel.oan Moneyon plnmenl Houses, Office Build- ings, Hotels, See us aboul that big loan. Highie & Richardson, Inc. $16 15th St. N.W EQUITABLE Co-Operative Building Association Organized 1870 44th YEAR COMPLETED Accomplishes Most (psiematic waving 8 the most T bR . Totat ith “beat ‘revarte. BacTiption fer the 86th lssue of Stock Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHAN JOY EDSON, Prestleap FRANK P. REESIDE, Se»y, Mortgage Investment Dept. 13 & 715 14th St. N.W. Main 2343 We are now offerinfi first trust (mortgage) notes in de- nominations of $100, $250. $500 & $1,000, at 7% interest, secured on downtown business property. DPhone Main 4340 for Full Particulars BOSS and PHELPS 1417 K Street Harry K. Boss H. Glenn Phelps Loan Department Bew T Webster Establish~d 1907 Wanted Second Trust Notes We have clients with funds to purchase good SECOND TRUST NOTES in denominations of from $500 to $10,000. Low rates if security is good Apply at Once to OQur MORTGAGE DEPARTMENT HANNON-& LUCHY 713 and 715 14th Street N.W. FIRST MORTGAGES For conservative investment place your surplus funds in our 1% FIRST MORTGAGES We shall be glad to make ° recommendations. Overa Quarter of a Century Without a Loss B. F. SAUL CO. 1412 Eye St. N.W. Main 2100