Evening Star Newspaper, May 10, 1924, Page 24

» 24 WEEK END FEATURES +-INLOCAL PROVISIONS Commission Merchants Note Light Beceipts of Eggs Recently, With ¢ Prices Stationary. POULTRY IN SHORT SUPPLY Dairy Prices Remain at Quotations of Yesterday. ~With the closing of the Washing- ¥op wholesale market today, commis- #ion dealers in poultry products noted 1he receipts for eggs during the week Mere extraordinarily light and the Price—about 22 cents, “inside”—re- mained virtually the same through- out the week. This situation in price, 3t was declared, could not obtain much longer or nearby dealers would send their eggs to other citles, where Migher prices can be obtained. The stagnant condition of the egg market seems to be extraordinary. Receipts on fowls fell off and the rice generally was about 27 cents for | best. Spring chickens continue to hang around a half dollar. These three products seem to be the most prominent in transactions at this time. ~Dealers in fresh meats were ready for Monday's business today, their hooks being well cleaned up. Jobbers in dairy products reported about the same prices as yesterday. | IggS with these dealers wholesale for about 25 cents. Vegetables reported partment of Agriculture follo Apples, supplies moderate; moderate; ma Jand, 3 new towns, 4.50: Ben Davis, bushel baskets, Baldwins, quali boxes, northwestern, medium to large | siges, extra fancy win 2.50; vellow new town nuragus, supplies moderate moderate: market steady; shore, Md, two-dozen-bunch larze size, best. 6.0 < 7:00a5.50. Cabbage, liberal: demand moderate: T slightly weaker: South Carolina, pointed type, | 13%-bushel hampers, mostly 2.50; bar- rel crates, 4.50a5.00. Onions. supplies S naw s moderate: de smarket steady: Texa vellow Bermuda: 00; old stock demand very light; few 100-pound sacks, vellow varie 1.1.00a1.50. Potatoes, suppli demand moderate ronger: Florida, double-head Spaulding rose, U S. No. 1, mostly '9.00 d light: market du . 150-pound 5 russet rura S.'No. 1, most- some decayed. 2.00a2.25. Strawberriex Plentiful. Strawberries—Supplies liberal: many express arrivals late; demand moder- ate: market weaker: North Carolina, thirty-two-quart crates, Klondikes and sio 5. early sales, 5.00a6.00, later sales, 4.50: te. String beans—Sup- light: demand moderate; market Florida, 7-bushel hampers, best, mostly” 4.50. Peas—Sup- | liberal; demand moderate for £ood stock: demand light for ordinary ality; South Carolina, bush: Ot iares. varictica, Dest, 2 poorer and small varieties, 1.50a2 Peppers—Supplies light: market firm Florida, crates, fancy, 6.00; choice, 3.50 24.50. Eggplant—Supplies light; ket steady: Florida, pepper crates, 1. 4.50: 2, 3.00a3.50. Supplies licht! demand moderate; mar- ket firm; Florida, sixes, ripes and turn- ing. wrapped, best fancy count, 6.50a #.%5. few 7.00; choice count, 5.50a6.0 4.0024.25; poorer, wide range in 00a4. Afrivals For Past Twenty-Four Hours Apples—1 Va., freight, 4 broken and 4 unbroken cars on track. Asparagus—154 crates North Caro- lna and crates reshipped New -Xork expre: Cabbage—1 South Carolina freight, § broken and 4 unbroken cars on track. Carrots—1 broken car on track. gEplant—126 crates Florida ex- 50 green. plies Srapefruit—3 broken broken car on track. Lettuce—2 Arizona _ freight, 200 ouisiana express, 4 broken and 2 unbroken on’ track. Mixed vegetables—1 broken car on track. Mixed Fruit—1 broken and 1 broken car on track. Temons—2 unbroken cars on track. Onions—1 ~Texas freight, 2 broken and 3 unbroken cars on track. Oranges—4 broken and 3 unbroken vars on track. T'eas—300 baskets South Carolina, Wnd 266 crates South Carolina ex- pross. Teppers—8§ Totatoes oken and Radishe: lina_expre ./ Strawberries—1 North Carolina freight, 60 crates South Carolina, 1,500 ates North Carolina express, 1 oken car on track. ;. String beans—127 éxpress Tomatoes—3 broken cars on track. Turnips—120 baskets North Caro- dina express. Arrivals by and 1 un- un- crates Florida express. Florida freight, & unbroken cars on track. 75 baskets North Caro- baskets Florida boat unreported. BRIEF NOTES ON BUSINESS. DETROIT, May 10 (Special).—Build- ing permits issued here in the last week totaled $3,383,000, compared awith $6,897.000 for the previous week and $2,445,000 for the corresponding Syeek last vear. Savings deposits Lave crossed the $300,000.000 mark, which gives an average of $1,000 for Bach Detroit family. L. &T. PAUL, May 10 (Special).—High- Wy contracts just let totaling $1,- 030,000 provide for 165 miles of new Zrading and twenty road bridges. Ceonstruction of a new $1.600,000 mu- nieipal bridge connecting St. Paul With the south St. Paul packing dis- trict will start this month. " PHILADELPHIA, May 10 (S| ecial). L= The four leading local savings banks now have $281,676.236 on de- fosit, an increase in the last year of $15,323,796. Interest on deposits cred- dted January 1 amounted to more than $10,000,000. ™' BOSTON WOOL MARKET. BOSTON, May 10 (Special).—There s a fair amount of busines; acted on the wool market today, but events in the west, especially the dis- posal of the Jerico pool in Utah, are Deing awaited to determine the trend of future buying. It is doubtful if the Jerico will go this vear at less than 43 cents, although some excel- Jg¢nt clips in Utah and Montana have “0ld recently slightly below that figure. il NEW YORK DRY GOODS. NEW YORK, May 10 (Special).— Cotton goods markets showed more ractivity today, but prices were about unchanged. Print cloths again were quoted at 8% for 64x60 and 10% for #8x72. A quiet day was reported in the raw silk markets, with no jehanges in quotations. " BAR SILVER QUOTATIONS. NEW YORK, May 10.—Bar silver, 65%: Mexican dollars, 49%. LONDON, May 10.—Bar silver, 33%d per ounce; ‘money, 1% per ocent. Dis- count rates: Short bills, 215-16a3 per 9'!:1 three-month bills, 3a3 1-16 per cent. —_— e “““Ltters from London to Paris which are mailed before 7 in the evening are now delivered in Paris by the first de- livery the following morning. FINANCIAL G_STAR, WASHINGTO! NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office DY WILLIAM F. HEFFERNAN. Special Dispateh to The Star. NEW YORK, May 10.—A heavy selling movement In oil stocks over- shadowed everything eise in to- day's brief curb market session. Of- ferings of large blocks of this class of stock were the direct result of crude oil price cuts in Pennsylvania and mid-continent grades announced before the beginning of business. Several of the high-priced Standard Oils went to new lows for the year, Prairic Oil and Gas getting down 7 points. The Indiana shares broke through 57 to a new low on the move, and losses elsewhere extended from 1 to 5 points. While declines in inde- pendent ofl company shares naturally were smaller, special weakness ap- peared In Red Bank, carrying the price two points below the final quo- tation Friday. Glen Alden Coal, after reaching 100 ¥Friday, which apparently was the objective of the pool back of the rise in this stock, again felt the effect of realizing sales. The weakness in the oil group had a depressing fect upon the market generally where trading occurred in other parts of the list prices were lower. —— NEW YORK, May 10.—Following is an official list of bonds and stocks traded in on the New York Curb Market today: Sales in BONDS. thousands. High m Gas & Elec 6s.. 043 Am Roiling Mills Gs. 9% 3 Anaconda Os...c.... 5 Anglo-Am Ofl 7% Low. 4% 07 1014 10213 o Close. 9414 o 1015, 1024 o8 0 rvice 18 s Dalt 5lgs Iis 635 A wi “uban Tel Tias Detroit Edison Gs.. 6 Duq Lt Pt sher Body fs Tlood Rubber 3 Int Match 6 Kennecott 3 Libby MeN & L 43 SIPESSMR FOREISN BONDS D oof Peru 8s ... uss Govt G%s n of nglo Am 0l Atlantic Lobos . Mg new wi 10 Ches Mfg new B wi W0 Cumberland P L .. Humble 0 & R new Imp Ofl of Can.. 10 Ind P I rairie Oil & Penn Mex Fuel Prairie P L . ar Refin th Penn O Indiana 20 5 0 Kansas new O Kentucks . ¥ Nebraska 0il 41 0% B Sales INDEPENDENT OIL STOCKS, in hundreds, 1000 Vacnam 1P SRS Serviea 1111 Service pfd. Serv B ofs £1.000 Cities Sers ¢ serip 22000 Cities Serv scrip 21 Creole Syndicate Derby 0 & Rt Engineers Pot ... f Oil of Pa ... 74 Lago Pet ... EVERYMAN’S INVESTMENTS By George T. Hughes XV.—What In n Good Bank Reference? A bunch of sharpers miscalling themselves brokers called up an ad- vertising man and tried” to sell him stock. The man asked me about the outfit, and I suggested that he let them try to sell him, to learn what tricks they employed. When the cat-and-dog salesman couldn't quits convince his supposed customer, he suggested that the advertising -man call up their bankers. He named a small city bank. The advertising man complied. The reply he got from the bank w: “They carry a very satisfactory balance with us. Our business with them has always been satisfactory. So far as we know they are all right.” “Don't you know that they are bucket shop swindlers?” the adver- tising man asked. “Do you, a repu- table” banker, recommend such peo- e What did they offer you?” asked the banker. The advertising man named an ex- cellent Standard Oil stock. ‘There you are,” said the banker. Anything wrong with that?” Principals Indicted. A few days later the state's attor- ney., on complaint of investment bankers and brokers, closed the cat- and-dog hpuse and the grand jury indicted tie principals. The cat-and- dog house was offering high-grade stocks on partial payments to inex- perienced persons of moderate means. Usually it “never had the stocks it offered, but gave a receipt for pay- ments and said it would hold the stock, which it didn't have, as se- curity for the unpaid balance. Then its salesmen worked on customers to exchange the high-grade stocks for vorthless stuff, a full supply of which was carried by the cat-and-dog house. The non-committal reply of the swindlers' banker, which the inex- perienced mistook for a recommenda- tion, led them to fall into the trap. Of course, the swindlers were straight in their bank dealings. They dared not be otherwise. That is no recom- mendation. Unless a banker can make a positive assertion about the repu- tation and inegrity of a firm, the character of its business and its asso- ciates, it is safe to assume that any non-committal reply is not a recom- mendation. Certainly the bankers reply to the advertising man was not a recommendation. A number of banks will not know- ingly take accounts of cat-and-dog houses. But it is deplorably true that quite a number are careless in that respect. Banker a Specialist. The average banker is a specialist in short-time credits. He has his hands f#il keeping his bank's funds working _profitably, avoiding bad loans aad “préventing the unceasing efforts of competitor banks from tak- ing good accounts from him. Unless it is a large bank or has a bond de- partment, the average commercial bank is not usually equipped to give the direct information on investment securities. Commercial banking and investment banking are two entirely distinct fields that call for quite dif- ferent technical and working kmowl- edge. Hence, in considering a bank refer- ence, analyze it to see just what it A straight-out “We don't 0 or a plain recommendation have value. But, “Their business with us has been very satisfactory,” and “So far as .we know they are all right,” mean nothing at all. (Copyright, 1924, by Consolidated Press < ‘Asgociation.) f | being N. 12 Mex Panuca 1% 29 Mount Prod . 4 Mount Gumif ..ol 61 Mutual Ol vt cfs. 2 New Rrad Oil w { New Mex Land .. Pean Reaver Ol 3 Pennock 01l . Red Bank Ol new. Royal Canad O & R Ryan Con ........ Salt Creek Cons Sunstar Oil . . Wilcox 011 & Gas Woodley Pet oil So28, Adirondack Power Am Cot Fabric ptd Am G & EI nw wi Am L & Tract. Am Power & L Torden & C : Candy Prod Co w i Checker Cab Mfa A Cht Nip _new wi Ch B trow wi Cal G Dubilier € & Radio Durant Motor ... Flec Rwy Secur Co 4 oy A Goodyear Tire 2 Hazeltine Corp W Heyden Chem Man R R Hudson Co pf._... Inti Con_Tnd Corp. | Kresge Dept Stores Lh VI Coal new wi Mezabi ron Middle West dio Corp..... Radio Corp pfd... 1Pnvtew C &1 A andard Mot o Elee P 24 pfd ited Pakeries nited Bakeries pt United Retail Candy Ui Shoe Mach Cor U S Lt & H pfd Univer Iipe Ward Bak Cor It wi Yellow Taxi € N Y MINING Riack Oak Gold M Calomet & Jerome Canario Copper. “Gold ... amondfid i Hu K Go Mi Lad Tnd Hollinger ... ay Copper Corp.. Kerr Lake 5 3 Mason Val Metals Prod’ €0l Tonopahi Min. . tional Tin . New Comelia .0 . New Dominion Cop. Ohio Cop Premier Gold Rocky Mtn S Rocks Min 8 pf versmith Mines “Min.. Tonop Trinity Copper.. United Eastern.. Walker Mining.. enden Copper. . 10 West End Chem. 10 West End Ext. 10 West Utah... COMPANY FILES CHARTER. Easton Canning Corporation Has $2,750,000 Capital Stock. BALTIMORE, May 10 (Special The Eastern Canning Corporation has filed its charter with the state commission, the incorporators Carter Hammond, W. Albert Ross Veasey, all of 13 tax Johnaon and G Baltimore city. i The new concern, which will con- duct a general canning business, will have an authorized capital stock of $2,750,000 for taxable purposes. It consists of 30,000 shares, of which 5,000 are to have a par value of 350 and to be known as preferred stock, while 25,000 shares will be without par and known as common stock. Fay L. Warrington, Easton, Md., is to be resident agent. PROFITS DROP $4,471,398. Standard Oil of New York Reports | $14,963,337 for 1923. NEW YORK, May 10.—Profits of the Standard Oil Company of New York for 1923 amounted to $14,963.337, a decline of $4,471,398 from the previous year, the annual report showed. Cash divi dend payments aggregated $12,601,74 At the end of the year there,was a sur- plus of $106,027.134, an increase of $2,117,665 over the preceding year. Total earnings of the company after deducting expenses and taxes were $30,827,578, from which was taken $12,464,240 as reserve for depreciation and insurance. Interest in gold deben- totaled $3,400,000. N orrent assets of $418,621.426 in- cluded $33.543,265 in United States gov- ernment securities and $3.265,560 cas| against current liabilities of §: 31,347, % ¥he company's holdings of Magnolia Petroleum Company stock were shown in the balance sheet to be $124.500,000. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY CHICAGO, May 10.—Wisconsin and Michigan mills report that stocks of dry hardwoods are becoming cleaned up. Buyers are said to be holding off purchases for future use until the new cut is ready for the trade. PITTSBURGH, May 10.—Spot coke is quotable at $3.60 to $4.00 for fur- nace and $4.75 to 5.25 for foundry. Bituminous trade is still very dull Wwith mining operation on a low le. S ORTLAND, Ore. May 10—Condi- tions are better in the wool trade here. Confirmation has been had of the purchase of about 400,000 pounds of wool in the Penddeton district at from 34 to 38 cents a pound. Some fair clips in the Yakima section have brought 30 to 35 cents. JOPLIN, Mo, May 10.—Both lead and zinc shipments fell off slightly in the last week in the tri-state fields, Zinc shipments totaled 21,381,060 pounds as compared with 22,010,880 for the preceding week. Lead ship- ments dropped from 4,535,970 to 3,- 344,250 pounds. Lead prices were firm, with zinc slightly lower. HOUSTON, May 10.—The Southern Pacific will spend $500,000 here on an addition to the car repair shops of the road aiready in operation. BOSTON, May 10.—The American- Bosch plant, makers of magnetos and other automobile equipment, have cut working schedules from 48 to 40 hours a week. SHREVEPORT, May 10.—For the third consecutive week the Louisiana and Arkansas oil fields touched a new high record of daily oil produc- tion, reaching a mark 201,212 barrels a day. Increased runs in Smackover heavy accounted for the increases. Forty-eight new wells added 13,445 barrels initial production. FRESNO, Calif., May 10.—The Sun Maid Raisin Growers exported 14,- 342,000 pounds of raisins in the first quarter of this year compared with 9,500,000 pounds for the correspond- ing period of 1923. In the first four months of the year domestic demand absorbed 1,336 carloads,, compared with 764 last year. | radical planks in it Downturn of the French Franc Among Week’s Striking Events Drop in Time Money Rates to New Lows Also Considered Importanti—Review of Financial Affairs. BY STUART P, WEST, 1 Dispateh to The Star. YORK, May 10—In a sum- of the past week’s financial events the more important points to emphasize are the sudden and very sharp downward turn in French francs, the drop in time money rates to new lows for the year and—inti- mately connected with the money movement—the general upward tend- ency in investment values. So far as the stock market was concerned, very little occurred. It was a drifting market, getting no- where in particular either way. En- couragement was derived frem the fact that the defeat of the Mellon tax plan in the Senate and the disappoint- ing outlook for tax moderation in general failed to bring out liquida- tion, Also it was duly noted that stocks were no longer sensitive, as they had been, to depressing items, in the trade news. Financial Leaders in Walting Mood. Yet, on the other hand, no disposition to attempt fresh on the side of advance. Opti- mistic expressions regarding the fu- ture, coming from prominent bus ness men, fell quite as flat as opin- ions from Wall street sources of the opposite sort. The conclusion to be drawn was simply that the financial community, like the business com- munity outside, was in a waiting mood.” There no feeling of un- easiness, but there was a widespread instinet | of caution. Undoubtedly much of this was provoked by the near approach of the political con- ventio The result at Cleveland has been pretty well forecast. At New York nobody is able to guess the outcome Democrats Have Street Guessing, What is the Democratic platform going to say_on the subject of the railroads? Will it _express itself for the repeal of the h-Cummins act, with its guarantee of adequate return on property investment? Will the convention nominate a man who would not hesitate thus to throw the railway situation into chaos and by striking at the railroads, A at_busines sperity in general These are some of the things which Wall street fs asking at the present time. It has been much impressed by the coalition betw the Democrats and radical Republi in Congre and how this has successfully op posed the wishes of the administra. tion. The thought in people’s minds is that this same coalition might op- erate in the presidential campaign, provided the Democrats were to choose a candidate of radical tenden- cies and adopt a program with some Wall street does not believe that this will actually happen. but it recognizes a sufficient possibility of its happening to war- ant going very slow in current op- rations. Now Up to Politicians. If the presidenti ntest is finally launched with neither part ted to anything disturbing in a busi- ense, the pro both for trade and for the markets. In the few remaining weeks of uncer- tainty nothing much is Business has been keeping its readjustment pricesses. I been additional evidences of reduced acticity in production. and for the -nth consecutive week Dun’s whole- ale price list shows a loss. The price index is off about 3 per cent from the first of the year and about 4% cent from last vear. This decline occurred in face of Zold imports which for the pas and a half have averaged som 000.000 commentary on the prophecies made from time to time during this perioc that the countr: in danger from a “gold inflation.” Some whose views on economic subjects command re- spect, including certain ones high in government, were infected with this idea a year ago Cheaper Money Not a Stimulant. Another fallacy of the same sort has been exposed again, namely, that mary JOLT TO GRAIN VALUES PAST WEEK IN CHICAGO Sudden Break in Corn Noted. Bank Failure Handicaps Pro- ponents of Higher Prices. By the Associvted Press, CHICAGO, May 10.—Grain values have received a jolt this week from a sudden break in the corn market. The break was largely due to the fact that corn had been arriving in the various primary markets at near- 1y double the rate of a year ago, and that some corn-milling establish- ments were curtailing operations. The corn market this morning com- pared with seven days back was % to 17% lower, with wheat 1 to 1% down, oats ranging frem % off to a shade advance, and provisions at 2 to 17a20 decline. Owing to a bank failure at St Paul, friends of higher prices for grain were more or less handicapped at the beginning of the week, but an upturn in values followed news that two other St. Paul banks had merged and that no unusual selling of wheat on northwestern account was to be looked for. Delayed seeding of wheat in Canada and first reports about German elections were also temporary bullish factors. It was at this juncture, however, that the torn market gave way under persistent selling, and dragged down wheat. Rallies which subsequently took place in the corn market were as- cribed partly to rough weather in- terference with corn planting and partly to advices that vessels had been chartered to load 1,200,000 bushels of corn at Duluth. Some export business in corn tended also to_bring about a reaction. In wheat, nervousness continued as to farm legislation. Meanwhile, pos- sibilities of Kansas crop damage act- ed as more or less of an offset to bearish factors, such as the Argen- tine strike settlement and the weak- ness of corn. Besides, a huge de- crease of northern hemisphere wheat acreage was indicated. Offerings of oats were light. Slackness of export business weighed down the provision market. = g Ask Your Banker 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 your banker to look into what he claims. 75 SRR BOSTON STOCK MARKET. BOSTON, May 10—Following is a list of today's highest, lowest ani closing prices for the most active stocks dealt in here: American Wool. Amoskeag Boston & Boston Elevated. Calumet & Hecla . Copper Range. Dubilier . Eastern §. Edison Blec. Island Creek. Island Creek Reece Bu Swift & Bwift United Shoe Macl U. . Smelt. ptd. Ventura Oil...... ‘Waldort is is favorable | expected. ||| per | D. O. SATURDAY, ‘MAY 10, 1924. cheap money is an incentive to busi- ness andl to speculation. The federal reserve ratio is now the highest since the Uniteéd States went to war. Money on long-term loans is avail- able at the lowest figure in four vears. Yet these increasingly easy onditions have not prevented a 20 per cent reduction in the steel trade, a 25 per cent falling off in automo- bile output, a 40 per cent shrink- age in cotton mill operations, and a similar decline in many other lines. As for the effect of chea money upon speculation, the fact that stock ex- change dealings have dwindled this week to the lowest of the year, fur- nishes a sufficient answer Franc Decline Analyzed. The decline in French francs was commonly attributed to the miners' strike in the Ruhr and to the fear that this might be the first rumbling of a communist uprising. On the other hand, the new elements in control of the Reichst scemingly favor- able to the n of the Dawes plan, and the probabilities are still that this will be put through. After all, the frane has been having little more than the normal reaction fol- lowing the driving in of an extensive short interest The violence of its recoil was not consistent with the idea that the Bank of France had at- tained_complete control of the mar- ket. Had this been so, the down- ward movement would have been gradual. U. S. Markets Not Affected. The markets here were not in the least affected by this fresh break in |* francs. The reason was that they have discovered from the experi- ence of recent vears that depreciated currency n Europe does not mean of buying power. The United States is doing now, and has been for the last twen! four months, a for- eign trade which would have been considered very satisfactory before This trade has persisted 1 grown, despite the collapse in the mark, the bad sinking spells in the franc and the vacillations of the English pound. Then again, apart altogether from the foreign commerce has been demonstrated that we can have very fair stretches of business ivity on the strength of the home market alone. EQUITABLE Co-Operative Building Association Orgsnized “1879 480" YEAR COMPLETED Ansets . Surplas Sy‘stematic Savings —Each' pay day lay aside part of your'wsalary at the Equitable. It 18 a method of saving that will prome most effective. 86th lIssue of Stock Buing Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY' EDSON, President FRANK . REESIDE, Sec’y. Your Own Interests—— demand that your sav- ings be placed where they will earnr thetmaxi- mum consistent with absolute safety. These conditions are ideally fulfilled in our A (3 . First Mortgage Investments 1416 K Street Matn €17 $100—$500—$1,000 fH FINANCIAL. Money to Loan At 6 and 617 Interest Before Placing or Ienewing Your Ist_or “nd_Trust Consult WELCH, Realtor Loan Specialist 15th and New York Ave. Main 4346 ol MONEY TO LOAN ON FIRST MORTGAGES AT CURRENT RATES OF INTEREST %m/a// y/ y@m’fl 7 %. 7207 r?annfl:fil’a[ Jj uenue We Loan Money on Higbie & Richardson, Inc. 816 15th St. N.W. FUNDS PLACED FOR INVESTORS SELECTED FIRST MORTGAGES Conservative investors seeking liberal income re- turns phus safety of principal for amounts in multiples of $250 can place their funds profitably and conveniently through .our mortgage department in sound first mort- gages on:select Washington properties. * The officers of this company, without obligation, will gladly*confer with any prospective investor and dis- cuss loansson specific dwellings, apartment or business properties. If so instructed, they will place the investor’s funds in first mortgages on the same agent basis that the com- pany is comstantly serving its regular client-investors— individuals, attorneys for estates, banks, corporations, trustees and' gnardians. H. L. RUST COMPANY Loan Correspondent of the Prudential Insurance Company of America 912 15th Street Main 6888 Over a quarter of a Century B. F. SAUL CO. 1412 Eye St. N.W. 7% First Mortgages $250 and Up Write er Call for “Booklet” William S. Phillips 15TH ST. AT K N.W. Main 4600. | = - 5 First Mortgage Loans of ibistedcllensl Clmmietes Prompt Action Thomas J. Fisher & Company, Inc. 738 15th Street “NOTICE” We have available, subject to prior sale, some very choice [f || first mortgages—secured on ] Lowest Rates nicely sclected northwest properties. Bearing 7 Interest % in amounts of $4.000 up: de- nominations of $100 up can be secured on & partial payment plan. Send for Booklet on “First Mortgage Buying' CHAS. D. SAGER Loan Dept. M.36 924 14th St. NW. 5 Wanted Second Trust Notes We have clienis with funds to purchase good SECOND TRUST NOTES in denomina- tions of from $500 to $10,000. Low rates if security is good Apply at Once to Our MORTGAGE DEPARTMENT HANNON & LUCH O > 713 and 715 14th Street N.W. Main 2345 - | e — Money to Loan Secured by first deed of trust on real estate. Prevailing interest and commission. r 5-Room Suite Private Corridor and Tollet Light and sunshine—high, quiet—above the noise—in the very center of Washing- ton's busy financial center. FOR PARTICULARS APPLY Randall H. Hagner & Co. 1207 Conn. Ave. Phone Main 9700 Invest $10.00 Per Month For Ten Months And You'll Own The Best First Mortgage Security That Can Be Bought— Besides, We Pay Interest On Each Payment At the Rate of 61/ and 7% Per Annum. Mortgage Investment Dept. Shannon & Luchs Incorporated 713 and 715 14th St. N.W. L Main 2345 Where H Street Cross;s at 17th Street Store and Shop Leases Being Made A Big FaCts_Transfer Corner All car lines and busses convenient at this poi —more than 12 largest Government and Public Buildings within 5 minutes’ walk—nearly 60% Gov- ernment workers pass this point twice daily. We want you to make your own survey as to the possibikities of this location—Then see us—as’to plans and reservation for space—at once! FOR PARTICULARS APPLY Randall H. Hagner & Co. 1207 Conn. Ave. Phone Main 9700 396 Desirable Offices, 90 Rented High-Class Tenants YOU HEAR IT EVERY DAY:— “The insiders are buying— all of this stock they can get be- cause they know that they are going to make a killing.” You are only offered the chance to share in these big profits because these insiders know nothing about this stock which the salesman has been able to get. But you must act quick—no, there is not time to consult your banker nor anyone. But when nothing happened— and you became worried because the insiders were not doing so well—were you surprised when your banker told you that you had bought some stock the “insiders” were selling? And the “killing” only took place to your own pros- pects! You cannot make a fortune through our first mortgages, but you can build one by investing your savings in them as you save. It is a real pleasure to see your nest egg grow, knowing, as you will, that the record and policy of this company insures you against loss. And the return of 6% or 7% is more liberal than is usually obtained. Swartzell, Rheem & Hensey Co. 727 15th Street Northwest 55Years Without LosstoAn Inve\stor Apartment Houses, Office Buildings, Sez Us Abu:lfliill Big Loan i i —