Evening Star Newspaper, May 26, 1924, Page 21

FINANCIAL. EW PRICE CHANGES TODAY IN PROVISIONS "egs Seemingly the Only Product im Wholesale Market Consid- ered as Fluctuating. .HUTTEB AT FORMER FIGURES Department Bureau Reports on Vegetable Supply. s seemed to be the only product the Washington wholesale market meats, dairy products and live ¢k that did not have a settled ition today. They were “firm- z-up” with some and with others 1 firmed up. The highest price re- rted was about 29 for selects, and : lowest, 26, for ordinary run, can- d, nearby fresh. Other dealers 1d prices within this range. Commission merchants with light .ceipts were, passing some at 24, hile others were holding out for a cent more. These figures were ject to slight advance or decrease, yonsidering the type of sale. Butter with jobbers was reported as last week, 42 to 47 for [ houlders 20 to lambs, about 30, 1 to 35 Bananas were selling as high as $4 by the De- follow : ; demand Vegetables, as reportes of Agriculture les—Supplies mode market dull; West inche; up, Ds inches Northwestern up, a4.5; medium to faney Wi . Cabbage nd light; market rolin; rrel crate 5 bu. b Wakefields, mpers, W Virginia, Nor- crates, pointed mostly, Onions—Supplies demand _ light; market exas, standard crates, yel- No. 1, ‘mostly, varrel ype oderate. ; market suble-head S. No. 1, . Irish Cob- nd moder- higan, 150- . U. S. No. 2 Strawberries- <upplfes mode demand moderate: :t firm; North Carolina, 32-gt. mostly, 5.00a5.50, r stock, 3.50a4.00. Lettuce—Supplies light; demand good for good stock; et steady: North arolina, 5-peck hampers, Big Boston vpe, fair quality and condition, 1.50a ; some poor condition, 1.00a1.25. Canteloupe Supplies Light Cantaloupes—Supplies light; demand s rket dull; Mexico, ponys 54s, {imon tints mostly, 4.50; few 5.00. String beans—Supplies heav: ferate, market weak: Fiorida 74-bushel hampers, green, South Carolina, bushel hampers, .50. Cucumbers—Supplies nd moderate, market weak- bushel crates, No. 1, ¥ S 10-peck barre 00. 0ld stock; Ae market firm; M s; Ru 90 per sack. mostly 200; Norfolk bushel hampers, irge pods, 1.50 small_pods, 1.23 Tomatoes—Supplies hea and moderate, market slightly Fiorida, 6 best fanc sunt, 4.40ad A turning, wrapped, fancy count, 4.50 .00 ; California, 30-1b. boxes, ripes and wrning, wrapped, some decayed, 2.25 Arrivals Since Friday's Report. Apples, 1 Washington, 1 unknown 2 broken and 2 unbroken cars 7 baskets Virginia age, South _ Carolina 49 crates and 245 baskets boat, 7 broken and 3 un- ars on trac cantaloupes, 1 1 broken car on track; ets South Carolina ex- askets Virginia boat; cauli- -, 31 baskets Virginia boat; cel- oken cars on track; cucum- crates Florida express, 74 Virginia boat; eggplant, 75 Florida express; grapefruit, § freight, 7 broken and 3 un- wroken rs on track; lettuce, 1 North arolina_ freight, 21 erates Virginia Lout, 1 broken car on track; mixed vewetables, 3 Florida, 2 North Caro- lina, 1 South Carolina freight, 4 broken and 2 unbroken cars on track mixed fruit, 1 broken car on track 1 California freight. 1 un- ar on tragk; onion Texas wight, 1 broken ahd 6 unbroken cars track; oranges, 1 Flerida, 1 Cali- rnia freight, 5 broken and 1 un- ars on track; peas, 1532 South Carolina,’ 385 baskets Carolina expre 606 baskets ginia b 350 crates lorida express; potatoe: 4 Florida, Michigan, 1 unknown freight, 15 tes Florida express, 64 barrels Vir- <infa_boat, 11 broken and 11 un- roken cars on_ track; squash, 44 bas- .ets Florida, 175 baskets South Caro- 1 expre: strawberr 6 North 'aroiina freight, 3.100 crates North arolina, 61 crates South Carolina ex- ress, 269 crates Virginia boat, 2 Lroken cars on track; string beans, 2,505 baskets South Carolina, §10 ba i-ets North Carolina, 626 baskets Florida, 11 baskets Georgia express, 1 broken ar on track: tomatoes, 1 Mexico, § i“lovida, freight, 85 crates Florlda ex- s, 7 broken and 3 unbroken cars n track; turnips, 310 crates North «“arolina express. ireight, Virginia 4roken 4 PECLARES SMALL BOATS " INTERFERE WITH LINERS Sheedy Complains of River Traffic Conditions—Testifles in Ship Board Probe. Interference of small craft with rderly departures of big ocean-going .rs from New York docks could be srevented by restricting the light- raft vessels to shallower portions of ‘e harbor, Joseph L. Sheedy, vice president of the Fleet Corporation, ostified today in the House Shipping ioard inquiry. o assistance 1s obtained from the maller boats,” said Mr. Sheedy, who 3-17 of having to stop the Leviathan in backing out of her dock recently | keep from knocking a rubbish- l.den tug “galley west.” Examination of Mr. Sheedy regard- < repairs to the Leviathan made ! .Cessary through damage to her re- rse turbines was concluded with a \ atement by the witness that the rmer German liner is “the best ship loat, bar none.” Ta¥x_none? liy, Democrat, ughter. Representative . Con- Texas, asked amid — s SEATTLE LAW HELD VOID Restrictions on Pawn Brokers Held Illegal by Supreme Court. The ordinance of Seattle, Wash. requiring pawn brokers to be li nsed and restricting licenses to .unstitutional and void under a treaty se brought by R. Asakura, a Japa- \ient of the requirement as uncansti- ¢ BT R i \merican citizens, was declared by ‘iie Supreme Court today to be un- tith Japan. "l‘ha oprdinnnce was attacked in a ‘ T The superior court of King “ty, Wash., restrained _enforce- \itional, but the supreme court of ‘e state sustained the ordinance. The nymber seven appears more ‘azm 400 times in the scriptures. BY WILLIAM F. HEFFERNAN. Speclal Dispatch to The Star. NEW YORK, May 26.—After a fur- ther display of strength in the early part of today's session, the curb market assumed an irregular tend- ency, but with the upward movement predominant. Traders were awaiting action on the tax bill. - The volume of business in the oil shares was smaller than in recent sesslons, but buying was in sufficient volume to cause upturns to a ha$ point or so in Standard of New York, Imperial of Canada and Standard of Kentucky. Woodley Petroleum crossed 13 where is was up more than a half point, while Red Bank and Royal Canadlan continued among the lead- ers, the latter stock at its high price Sales in thdusands 2 Allica Packers s 5 Am Roll Mills 6s. Anaconda s Asso Nim Hdw 6b Beth Steel 68 '48 Wi Can Nat Ry Eq Cit Serv 78 C . D Detroit’ Oity Gas 6& Duq L P o%s B wi S Fed Sugar Gs '33.. Fisher Body 0y Fisher Body 6 Lenigh Tower 3 Manitoba Power 5. Morris & Co@igs Nt Letiner €020 1 New Orl Pub Ser G3 Phila Elec 5l4s Phila_Elec 5355 Pub Serv of N J Pure 0Oil Co 8Ys, Shawsheen 7 Slos-Sheft 80 S 0 N Y 6%s 2 n El L & P 548 & 93% nited Oil Prod 8s. 60 Unit Ry of Hav Tis 1081, 3 Vacuum Oil . 107 FOREIGN BONDS. 1 Ital Power 6is.... 98% Kin of Nether Gs /73 11 T D18 .12y 0vt Glys mat ¢ 128 vay & Co 68 34 B 9%y 801 os. 50 Swiss 005 Sales STANDARD OIL ISSUES. in_units. 100 Anglo Am 011 15% 40 Buckeye P L. 63 100 Chiese Mfg new w 1505 105 G Sig Oif pfd new 103% 137 Govt D 4100 S 0 Ind. 400 S 0 Ky. Sales in INDEPENDENT OIL STOCKS. uundreds. S Carib Synd . . 4% 4 3 Cit Sery .. . 134 $1,000 Cit Serv C scrip.. 70 $2,000 Cit Serv scrip.... 84 9 Creole Synd 53 20 Engineers Pet 0 10 Ertel Ol ... 10 5 Gil Ol vot fr cfs 4% 84 30 Judson Ofl . 20 Lago Pet 30 Latin Ame: 1 Liviogston Pet 2 Mex Panuco 14 Mount Prod 2 81 Mutual Ofl Vot ofs 4 New Brad Ol wi.. 8 New Mex Land 40 Noble Oil & Gas. 7 Omar Oil & 10 Penn Beaver 6 Pennock Oil 10 Red Bank Oil 5 93 Royal Can O & K. 45 Salt Ck Cons 7 9 Salt Ck Prod 16 Seaboard OIl 20 Sunstar Ol 12 Wilcox Oil & 41 Woodley Pet Washington Stock Exchange. SALES. Washington Gas 5s—500 at 95%. ashington Gas 6s '33—400 at 100%, 200 at hington Rwy. & Elec. 45—3$4.000 at 73, t 7 Capital Traction Co.—10 at 8834 District National Bank—3 at 163%. Lincoln National Bank—4 at 3423, American Security and Trust Co.—# at 304, 6 at 304. Merchants’ Bank and Trust Co. Sceurity Storage Co.—1 at 343, FTER CALL. Washington 55—$2,000 at 95%, 33, at 5%, $1,000 at 95. $4.000 at 95. Georgetown Gas 05—$4,600 at 87. Lanston Monotype—20 at 72%, 10 Norfolk & Wash. Steamboat Co.—: 5 at 214, 10 at 214, 10 at 214%, 10 at 214%! UNLISTED DEPARTMENT. Chapin Sacks 8 9% pfd.—3 at 81 ney—Call loans. G and 6 per cent Bid and Asked Prices. BONDS. PUBLIC UTILITIES. Asked. 1043 09 118 American Tel. & Tel » ‘American Tel. & Telga. 4% Am. Tel. & Tel. ctl. tr. b Am. Tel. & Tel. conv. 6. Anacostia & Potomac 5s. Anacostia & Potomac guar. b C. & P. Telephone bs. C. & P. Telephone of Capital Traction R. R. Georgetown Gas 1st 5 Metropolitun R. Potomac Potomac Washington Gas bn Washington Gas_6s g Wash. Rwy. & Elec. 48! 2 MISCELLANEOUS. D. C. Paper Mfg. 6s. Riggs Reaity o3 (I Riggs Realty Gs (shorl Southern Bidg #%as Wash. Mar. Cold Storage bt Wardman Park Hotel 6s. STOCKS. PUBLIO UTILITIES. American Tel. & Telg Cupital Traction. ashington Gus Norfolk_& Wash. Steamboat. Wash. Rwy. d& Flec. com. Wash. Rwy. & Elec. ptd Terminal Taxi com. 3 NATIONAL BANK. Capital Columbla Commere! District Farmers ‘& ‘Mechanic Federal-American Liberty . Lincoin National Riggs Second National Washington. . TRUST COMPANY. American Securlty & T Continental Trust Merchants’ Bank Saving SAVINGS BANK. Commerce & Savings. FEast Washington. Security Sav. & Seventh_Street. United States. Washington Mechanics’ FIRE INSURANCE. Ameriean 5 Corcoran .. o8 eBiBsE & ® . C. Paper Pfd............... orchants: Trauster & Storage. | e¥danofla Mergenthaler Linotype. National Mtge. & Inv. 2 Tansion Monotyve Becurity Storage ‘Washington Market. llow Cab.. . *Ex. dividend. NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office above 6. Seaboard Oil and Gas was bought around the 50 level on inti- mations that the forthcoming annual report will disclose a sybstantial margin earned over dividend require- ments. It is expected the company will also issue a supplementary re- port on operations in the first quar- ter. The movement of prices in the in- dustrial section was without signifi- cance. Operations were, for theé¥most part, professional. An advance of al- most two points accompanied a rath- er heavy covering movement in Durant motors. The action of this *stock signified nothing more than the desire by professionals who had sold short higher up to avall themselves of a fair sized profit. The upturn continued in Dublller- Radio but with buying on a smaller scale. D. L. & W. Coal gained almost 2 point while Glen Alden on the other hand, felt the effect of profit-taking sales. ——————————————— INDUSTRIALS 2 Am Cotton Fab pf 97 1Am G & E new wi. 0313 3 Borden & Co. 120 4 Biyn Shoes In 10% 1 Brit-Am_Tob Cou. 22% 50 Candy Pr Corp wi. 1l 1 Cleveland Auto ... 17% 1% Com Pow Cor.... 1 Continent Tob Inc. Cuba_Co ¥DL&W 1 Doeh Die Ca 19 Dubiller C & Ra 20 Durant Mot 4 Du Pont Motors 3% Elec Bond & Sh pf 9% 3 Fiec Rail Seeur Co 10 6F & W G St wi. 63 Giliette 8 1 202 Glen Alden Coal 981 Goodyear Tire ... 10 Hazeltine Corp wi. 16% Inter Cont Rubber 2% Kresge Dept Stores 40 Lehigh ¥ Lehigh Val Coal. s nw Wi i Pyreve ) Radio Corp Radio Corp pfd. Reo Mot Singer Mfg TUni Retail Cand: Ward Bak € B ¥ i Western Power MINING. Bl Oak Gold Mines .7 Fao il il R L B EE LB e 3 2% Con Cop Mines Cresson_Gold 3 Diamondfid Bl But { & Gold Mi Lt In Hardshell Min Harmill Div_. Hawthorne Min Inc Jib Cons “Burea arrior Rky Mt R R. Hky Mt R R pfd. Spearhead Gold Tono Relmont 3 0 0 Wett Lorrain Stiver .2 30 10 White Caps COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY ATLANTA, May 26.—The slump in automoblle sales here is attributed to used car congestion, which has be- come acute since the liquidation of Motormart, which attempted to act as a used clearing house for re- tail dealers. CLEVELAND, May 26.—The Peer- less automobile factory is steadily maintaining the production schedule which was followed last month. White shipments for the year so far have been almost as heavy as those of last year. SAN FRANCISCO, May 26.—Present prices for automobiles are about as low as they can be brought and still maintain American bullding stand- ards, according to A. P. Sloan, presi- dent of General Motors. ST. PAUL, May 26.—As a result of experiments by farm experts of the University of Minnaesota, marl, a min- eral found extensively in this state, will be used in large quantities to fatten hogs and as a corrective of acid soil. The mineral has been suc- cessfully substituted for air-slacked lime or ground limestone as part of the diet for growing hogs. BOSTON, May 26.—The" Pocasset Manufacturing Company of Fall River has closed down indefinitely, and the cotton division of the American Printing Company, which operated in full last week, is idle this week. PHILADELPHIA, May 26.—The local chamber of commerce has received numerous inquiries recently from Mexico for box, flat and tank cars, knocked down, ready to assemble. WEST BROOKFIELD, Mass., May 26.—The Wheeldon Wire Company Has been so rushed with orders that it has been necessary to put on & night shift at the local plant. HOUSTON, Tex,, May 26.—The first peaches from the Rio Grande Valley have made their appearance on_ the market here. The raising of this fruit in the Rio Grande section was an ex- periment this year. Strawberries netted growers in this county $500 an acre this season. ST. LOUIS, May 26.—Howell county is receiving a large number of home- seekers under colonization schemes rhlch involve extensive grape grow- ng. SEATTLE, May 26.—Japanese silk shipments valued at $15,000,000, which arrived here on the steamships Presi- dent Grant and Arabla Maru, now are on the way to New York in special trains. These were the two most valuable silk cargoes ever to reach this port. CHICAGO, May 26.—Local gasoline price wars are becoming intermittent through the middle west. Chicago is the latest to be affected as a result of a drop to 19 cents in filling station prices of the Texas Company. e o HOTEL’S BILL FAVORED. Senate Passes Proposal Urged by the Harrington. The . Senate today passed a bill authorizing the Hotel Harrington to construct an addition at 12th and B streets to the height of 130 feet. This is In excess of the height authorized by law, but is no higher than the rest of the hotel. The biill now goes to the House for consideration. It was called up by Senator Edwards of New Jersey and passed practically without debate after it had been explained by Senator Edwards. HELD FOR GRAND JURY. Negro Charged With Assault With Dangerous Weapon. George Johnston, colored, charged with an assault with a dangerous ‘weapon, waived a preliminary hearing in Police Court today before Judge Joln P. McMahon, and was held for the grand jury. Bond was fixed at $10,000. Rosie Lancaster, colored, whom Johnston is alleged to have shot, I in a critical condition in & local ho: pital. Detectives Ogle and Varney of the fourth precinct arrested John- “iston. EVERYMAN’S INVESTMENTS By George T. Hughes Twenty-Second Article. CAUTION TO SMALL INVESTORS. One rule of sound investment which many people overlook s that the smaller your capital the more conservative must be your securities. I am often told that this or that investor must have a large return because his capital is so small. Now exactly the opposite Is true. The amall investor cannot afford to look for a large return.” He must have above everything else security of principal. He cannot afford to take chances, no matter how small, because he cannot sufficiently diversify his list. Moreover, the large capitalist 18 in a position where if one or two of his commitments prove unsatisfactory it is a matter of only minor lmparliqcu The samo thing might prove a dis- aster to the small investor. It fol- lows that what may be a good in- vestment for one may be strictly un- suitable for another. A widow with no experience in financial affairs and entirely out of touch with business conditions requires a different invest- ment list from a man actively en- gaged in trade. This is especally the case when the widow is entirely dependent upon the income from her securities. She has, however, one compensation in that to her market- ability {s a secondary matter. The business man must have securities for which there is a ready sale. as it is concelvable he might need money at any time for use in his business. Or he might want to borrow upon his stocks or bonds at the bank, and banks loan money only on securities with a ready market. The widow, on the other hand, re- quires only a steady and assured in- come. She can afford, therefore, to take & bond or mortgage not %o read- y salable, and, other things being equal, a slightly higher return can be obtained from the security with a less active market. Every investor should make perfectly plain his or her own exact financial situation to the investment banker or investment adviser in just the same way as he or she confides in a doctor or a lawyer. In this way investments can Dbe suggested which meet the need of the particular individual. (Copyright, 1924, by Consolidated Press sociation.) CUT IN WORKING WEEK. As Railway Shops Plan for Slowing | Up of Business. CHICAGO, May 26 (Special).—Rail- roads maintaining shops in this sec tion have generally adopted the pol- icy of cutting down the working week, now that they are confronted with a slowing up of business. Several com- panies have established a five-day-a- weels schedule in their repair shops, putting about 30,000 workers on & | part-time basis. Freight business is reported by several carriers to be lag- ging at present. Rolling stock i general is in good shape and the re- pairs incident’ to the movement of the crops have not yet made thelr ap- pearance. Many ‘freight cars are temporarily idle in preparation for this movement of agricultural pro- duce to market. GRAIN EXPORTS LESS. Report for Past Week Shows Total 2,379,000 Bushels. exports from the States last week totaled bushels against 2,500,000 previous week. The Commerce Department, com- paring last week's reports with those of the previous week gave the fol- lowing figures: Barley, 277,000 against 5,000; corn, 589,000 against 253,000: oats none agalinst 57,000; rye, 1,139,000 against Grain United 2,379,000 for 'the 1,108,000; wheat, 374,000 against 1,052,- | 000. Canadian grain in transit, 3,849,000 bushels against 1,254,000 United States and Canadian wheat flour in transit 549,000 barrels against 149,000 barrels. BRIEF BUSINESS N_OTES ST. PAUL, May 26 (Special).—The gross revenues of the St. Paul city rallroad for the four months of this year amounted to $1,658,151, a de- crease of $74,350 as compared with || last spring. The operating income, however, showed a gain of $59,748. ST. LOUIS, May 26 (Special).—The gross earnings Of the United rail- ways here for the first three weeks of this month showed a falling off of $60,000 as compared with May, 1923. About $40,000 of this loss is attrib- uted to motor bus competition. CHICAGO, May 26 (Special).—Gross earnings of the Northwest Utllitles Company's subsidlaries during the past year amounted to $5,669,677 com- pared with 2,353,038 the previous year Net earnings were $2,192,024 com- pared with $928,821. A 'large part of Wisconsin {s served with electricity by this holding company. SUGAR MARKET fil{AL NEW YORK, May 26.—A sale of 5,000 bags of Porto Ricans to an operator at 5.15, or unchanged from Saturday, was the only feature in the raw sugar market this morning. Raw sugar futures, after opening 10 points lower to 2 higher, rallied on a little covering, but again weakened on news that Porto Rican was still available at 5.15, and at noon ruled 3o 9 points lower. efined sugar was quiet and un-’ changed at 7.00 cents for fine granu- lated. " Refined futures were nomi- nal. ‘WOOL MARKET QUIET. BOSTON, May 26 (Special)—Quiet ruled in the Summer street raw wool markets today, but_prices continued to hold steady. Wool opinion is growing more and more unsettled. The pessimists can see nothing but a third lean season, while the optimists are saying nothing just now that would tend to strengthen’ growers’ efforts to et highey prices for their clips. Purchases in the west are pro- ceeding most cautiously. FISHER'S PRICE INDEX. NEW HAVEN, Conn., May 26 (Spe- clal).—Last week's prices averaged 144.8 per cent of pre-war level. The purchasing power of the dollar was 69.1 pre-war cents. Crump's Index No., 152. INVEST YOUR SAVINGS In Our FIRST MORTGAGES “The Safest Security on Earth” (4 ' Denominations $100 to $10,000 Northwest Residential and Business Property Only MRS CALRIIZ: CO 1418 K Street N.W. bushels. | MAY PANAMA CANAL AS AID T0 U. S. COMMERCE Makes Highest Record in 1923 in Shortening Routes to Pacific Countries. NEW YORK, May 26.—Reports that the Panama Canal made its highest record in 1923, and that it now ex- ceeds in net tonnage that of the sz,e Canal call attention to the remal able increase ™ our commerce with the Pacific countries which the canal brought into closer touch with our great commercial and manufacturing sections. The countries and colonjes to which the opening of the Panama Canal gave a shorter vessel route to the Atlantic frontage of the United States were fifteen in number, China, Japan, Korea, Kwangtung, Asiatic | Russia, Hongkong, the Philippine Is- lands, Australiz, New Zealand, Chile, Peru, Ecuador, Colombia, Salvador, and Bolivia, whose commerce passes by rail to the Pacific ports. The sail- ing distance from N York to Japan’s great port of Yokohama was shortened about 3,000 miles by the opening of the Panama Canal as compared with the former route, by way of the Suez to Shanghai, China, about 1,500 miles; to Melbourne, Aus- tralia, nearly 3,000 miles; to Welling- ton, New Zealand, about 3,000 miles as compared with the shortest sail- ing route by way of the Strait of Ma- gellan; to Viadivostok in Asiatic Russia about 7,000 miles; to the west coast of South America the sailing distance was reduced to about one- third that formerly traveled by way of the Strait of Magellan, at the southern tip of South America. Fifteen Countries in Close Touch. ‘With all of the fifteer. countries to which the Panama Canal brings the eastern frontage of the United States into closer touch our own commerce, says the Trade Record of the Na- tional City Bank of New York, has shown an enormous increase, far greater than that with other parts of the world. The total trade with J pan, for example, in the calendar y 1923 was $611,000,000, against $161, 000,000 in 1913, the year preceding the opening_of the Panama Canal with China, $296,000.000, against_$65 000,000 in 19 ith Australia, $160,- 000,000, against $54,000,000; with New aland, $41.000,000, against $14,000 with the Philippines, § 000, against $46.000.000; with Honi kong, $37,000,000. arainst $14,000,000; with Chile, $123.000,000, against $4 {000,000, and with Peru, $39,000,000, | against $18,000,000 in 1913. | With the’ fifteen Pacific land colontes which were brought closer to our Atlantic frontage by the opening of the Panama Canal our trade in 1923 was $1,332,000,000, gainst $460.000,000 in 1913, an’ in- | of 233 per cent, while the in- | in trade with other parts of | the world was but 70 per cent. Hawali Not Included. | The above figures of trade with the | | Pacific_countries which the I Canal brought into closer touch with | | the Atlantic frontage of the United | States do not include trade with Hawaii, to which the sailing distance from New York was reduced ov 6,000 miles, since the figurse of H calan trade are usually included in of which it | countries w those of the United State: is now a customs district. - ? BUSINESS LOOKING UP. | Wholesale Trade Below Peak of Year, But Encouraging. | ATLANTA, MAY 26 (Spec | Wholesale business in the southeast | below the peak of the vea anvass of the jobbing hous v | reveals the fact” that business in the last week showed some improvement over the week before and indications {of further improvement in orders from | | the smaller retailers are not lacking | as_hot weather approaches. | Men’s furnishers, following the lead | of a large firm, which is about to| build a new store and is disposing of its entire stock, have reduced prices | on_seasonable merchandise and are | doing a volume of business which it is expected will surpass any record | for this time of year since 1919. Oflices For Rent Lincoln National Bank Building Seventeenth & H Sts. 'Outside Two-Room Suites — Moderate | Rentals Waggaman & Brawner Inc. 732 17th St. Franklin 7485 FIRST MORTGAGE % INVESTMENTS You are assured due precaution has been taken to safeguard your interest. A personal Inspection and conservative valuation are two of our strict requirements. Prompt and courteous service fol- low the purchase of our securities. Notes now on hand in amounts- of $100 up. Send for Booklet CHAS. D. SAGER Lean De lal;lt-el' & 924 14th St. N.W. Mr. O'Donnell, Manager Mr. Hughes, Asaist. Interest 26, 1924. Three . Desirable Offices —in our Bank Building, facing New York Avenue, available June 1. Reasonable rent. Ap- ply main floor— . CITIZENS’ SAVING BANK | 1336 New York Avenue First Mortgage Loans Lowest Rates of Interest and Commission. Prompt Action Thomas J. Fisher & Company, Inc. 738 15th Street We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street EQUITABLE Co-Operative Building Association Organized 1879 44th YEAR COMPLETED $4,755,170.52 $1,248,320.98 The Best Way to Save is in a systematic fashion. Let us tell you how Ansets Surplus . Subscription for the 86th Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F ST. N.W. JOHN JOY EDSON, President | MILLIONS INVESTED WITHOUT | LOSS— Would You Consider This * a Good Record? Well, That's What Has Occurred In Our First Mortgage Investment Dep’t Since We Began Our Business. This Enviable Record Shows The High Degree Of Safety That an Investor May Enjoy When He Owns Our First Mortgage Notes— 6%, and 7% Rates. Mortgage Investment Dept. ISHANNON E LUCH SJ Nc. 713 and 715 14th St. Main 2345 Organized In 1814 Life Begins —in earnest at graduation time and future paths must then be definitely chosen. fTo “grow up” with such a bank as this is to have one’s efforts backed by service and counsel that may be immeas- urably helpful in the business or professional world. {1 Our Savings Department in- vites Tnitial deposits of ONE DOLLAR or more—pays 3% compound interest. National Metropolitan 110 110 Yeors Bank‘ Heacy Capital, Surplus & Undivided Profits, Over $1,700,000.00 15th St. Opp. U.S. Treasury Money to Loan | Secured by first deed of trust on real estate. Provalling interest and Joseph 1. Weller Continental Trust Company Capital One Million Dollars 14th & H Streets B. F. SAUL CO. 1412 Eye S§t. N.W. — Long Lease Reasonable Rents 923-925 15th N.W. - (Opposite McPherson Sq.) B. F. SAUL CO. 1412 Eye St. N.W. is the best time to set your savings to work earning dividends for you and creating a foundation of future financial independence?” Right now—when a few dollars set aside each month will give you ownership of one or more of these unusually safe and profitable 672" First Mortgage Investment Notes! Denominations as low as $100 Constructio ompan INC. ‘kJ' Y Where H Street Crosses at 17th Street Store and Shop Leases Being Made ' _A Big FaCts—Transfer Corner All car lines and busses convenient at this pon —more than 12 largest Government and Public Biuid ings within 5 minutes’ walk—nearly 60% Governmen: workers pass this point twice daily Few desirable shop spaces on 2d floor available. FOR PARTICULARS APPLY Randall H. Hagner & Co. 1207 Conn. Ave. Phone Main 9700 396 Desirable Offices, 90% Rented High-Class Tenants -The House---Your Mortgage T is the house which is the con- necting link between you and your investment, and a chain is only as strong as its weakest part. There- fore, it is important that you con- sider that connecting link. The house which you selectshould be one which specializes in Mort- gages, whose past experience has been thorough, whose record un- sullied, and whose integrity and management beyond criticism. If the company you choose meets these requisites, you need have no further apprehension regarding your investment. - Swartzell, Rheem & Hensey Co. 727 15th Street Northwest 55 Years Without Loss to An Investor