Evening Star Newspaper, June 4, 1924, Page 29

FINANCIAL. PROVISIONS PRICES REMAIN STATIONARY Wholesale Dealers in Washington Market Report Few Changes in Quotations. LAMB DROPS TO 15 CENTS Agricultare Department Summary of Vegetable Supplies. The Washington wholesale market for meats, live dairy products was in about as vesterday as regards Butter with some dealers took an ad- vance of about a.cent, but this occurred within the range of 42 to 48 cents for the various grades of the commodity. The | lamb market seems to have ®struck a snag. The price has dropped to about 15 cents, but dealers report the buyers are not taking to this live stock with any enthusiasm. prices Report on Veg: bles. The Department of Agriculture's re- Pport of the vegetable market follows Apples—Supplies moderate; bar- rels, demand light, market dull Maryland. Virginia and West Vir- Kinia, No. 1. Winesaps and Yellow Newtowns, incheg up. 4.50a3.50. mostly 5.00a5.25: 2% inches. most 400; Ben Davis, 2.50a2.75: market stead, to large sizes i mostly 2.7 liberal, demand weaker: Virginia. Norfolk barrel crates, pointed type Cantaloupes — Supplies demand moderate. muarket “alifornia, Imperial Valley. standards, 453, Saimon Tints, mostiy 7.00; Salmon Tints, ponvs, 34s, 5008 550, “mostly i “Texas, Salmon Tints, 95, 12 and 1bs. 2.25a2.50. Onions—Supplies moderate. demand light. market steady: Texas, stand- ard crates, Yellow Bermudas. U. S. No. 1. 1.75a2.00. few higher; sales di- rect to retailers. California, standard crates, Yellow Bermudas=, 1. S8 No. 1, few “smles 250, Lettuce—Supplies light, demand moderate. market Steady: North Carolina and Virginia, Norfolk section. s-peck hampers, Big Boston type. fair quality and condi- tion, 1.00a150, few higher; home- Frown. 2-dozen bunch crates, well headed, 2.30; leafy, 150a2.00 Supplies of Potatoes Liberal. Potatoes — Supplies liberal. = New stock. demand moderate market slightly weaker: Florida, double-head barrels Spaulding Rose. U. S No. best. mostly 6.00: South arolina. cloth-top stav d slat barrels, Iris Cobblers, U. S. No. 1 est, 4 poorly graded, 4.00a4.: Old demand moderate: market Michigan 150-pound sacks Rurals, U No. 1. mostly 3.75 per sack; ew York sacks. Round Whites, U. . 3.75a4.00 per sack. Peaches—Supplies light: demand moderate, market steady: South Carolina. sixes, TUneedas, 4.00a4.25; Georgia. sixes Mayflowers, some soft; mostly 4.00 Tomatoes — Supplies iiberal: demand moderate, market fairly steady: Flor- ida sixes, ripes and turning, wrapped. best funey count. 3.5024.00: few, 4 choice count, mastly 3.00; ordinary to fair quality and condition. fancy and choice count. 1.0043.00. Strawberrie ~-Supplies moderal demand moder- ate, market fairly Steady: Virginia, Norfolk section and 60 quart crates, various varieties, 10al3; most- lv around 1215 per quart. String heans—Supplies liberal; demand mod- erate, market steady Georgia. bushel hampers, green, 1.00al. South Curolina. _bushel hamper: green. 1.50a2.00: North (arolina, peck hampers, green. mostly 2.50. Arrivals Past 24 Hours. Apples—1 Washington freight 1 broken and 1 unbroken cars on track Bananas—2 Baltimore. Md. reship- ped freight, 1 broken and 1 unbroken cars on track. Beets—200 crates, North Carolina, express. Cabbage— crates Virginia. boa Carrots— £5 baskets South Carolina. express: 51 crates Virginia, boat; 2 broken ears on track. Celerv—1 broken car on track Cucumbers—21 S|outh Carolina. exprs Virginia. boat: 1 broken r on track iggplant— ecrates Florida, express. lettuce—246 crate Virginia. boat; 2 broken cars on tra Mixed vege- tables—5 broken cars on track Mixed fruit—2 broken cars on track l.emons—3 unbroken ecars on track. Onions— exas, freight; 3 baskets Virginia, boat; 3 broken and 2 un. broken cars on_ track. Oranges— Calffornia. 1 orida, freight; hroken and 7 unbroken rs on track Tears—57 baske express 1150 haskets v boat. Peppers 0 crates express. P toos 2 Michigur uth Carolina, freigh 18 bbl niia, boat; 15 br and 9 unbroken cars on track Sauash—s5 crates Strawberries—1 v & expre 1 broken car on track. ns—1 South Carolina, baskets North Carolina, Florida, 256 baskets ‘ baskets South Caro- lina, “express; 76 baskets Virginia, hoat; 1 broken car on track, Toma- toes—1 Florida, freight; 1 crates Florida, express; 9 broken and 2 un- hroken’ cars on track. Peaches—i7 crates South Carolina, express. (Ex- press shipments incomplete.) — e CHICAGO LIVE STOCK. CHICAGO, June 4 (United States Tepartment’ of Agriculture.)—Hogs— Fieceipts, 25000 head: mostly steady to 5 lower: weighty butchers in ac- ive demand at unchanged prices others slow: lightweight, 5 to 10 off lizht Jights show maximum loss; quality plain; large receipts; bulk go0d and choice 250 to pounds, hutchers, 7.40a7 top, 7 better grades, 170 to pounds weight, largely, 7.00a7.30: bulk desirable, 140 o 150 pound averages, 6.50a6.85; bulk packing sows, 6.40a6.60, seiected strong weight slaughter pigs, strong to 25 higher; others slow: bulk good «nd choice, 120 to 130 pound weight, 7a6.25: heavyweight hogs, 7.20a 50; medium, 7.10a7.45: light, 6.65a 33; light lights, 5.75a7.00; packing smoot] 5; packing sows, h, 6.35a6.50; slaughter pigs, 6.00a demand moderate. northwestern. medium extra fancy Winesap. Cabbage— Supplies moderate. market section. sck, firm Russet fow 1 St 6 < Georg ;148 tes South North Carolina, Virginia, boat; String b freight: 2 1 baske Cattle—Receipts, 12,000 head; local and shipping demand broader; trade more active than Tuesday: values fully steady with recent decline stronger on in-between grades steers and vearlings—Early top ma- tured steers, 11. few loads around 11.00; bulk, 8.00a10.35: light grassy vearlings, downward to 7.50 and be- Jow: killing quality, medium to good steers run, including numerous loa £00d to choice weighty steers; fat She stock, excepting grassy cows of value, to sell at 4.00a5.00. steady: grassy kind very slow; vealers largely 50 higher than Monday; packers paving upward to 9.00 and above for oice kinds; light calves around £.00: stockers and feeders dull, un- evenly lower; bulk, 6.00a7.50. Sheep—Receipts, 16.000; slow: few best lambs steady; others to 50 lower; medium kind very slow; bid- ding mostly 50 or more Off; practi- cally Do carly sales fat sheep; pros- pects weak to 25 lower. Choice Idaho spring lambe, 17.25: best clip- ped lambs, 14.35; early bulk nati springers, ' 16.00416.25; to ecity butchers, 16.50. BAR SILVER QUOTATIONS. NEW YORK, June 4.—Bar silver, 6% ; Mexican dollars, 51. LONDON, June 4.—Bar B4%a per ounce. Money ‘17 per cent. Disconnt rates: Short bills, 3 per eont; t wath bills, 3 1-16 per cent. silver, —_———— Second-Hand Fame. From the London Passing Show. The Aristocrat—My ancestors came ©ver with William the Conqueror. The New Girl—That's nothing! M: father eame over i the same boat vnz Mary Pickford! | dealings he same condition teday | 's inches up. mostly | NEW YORK C Received by Private Wire BY WiL Special Dispaten to The Star NEW YORK, June 4—Failure of the oil shares to move forward with other groups in the curb market today was commonly as- |cribed to the fact that traders were | paying particular attention to ru- mors of impending crude oil price cuts. Officials of Standard Oil Com- | panies, however, declared today that there was little likelihood of such action being taken. It was pointed out that production of light oil in California was fal off sharply, while Mexican heavy has shown u substantial decline. The steady increase in output from the | mid-continent field is cause for belief {in speculative circles that a cut is necessary to check operations Prairie OiF and Gas lost two points at one time, Standard of Indiana was oil NEW York, June {—Following is an official list, of bonds and stocks traded in on the New York curb mar- wet today | sates in thonsands BONDS iizh & Axsoc § ZWAGE W 1 i t Ry equip Ts 109% Nervice Tx (L. 04 Sersice 7s 1) as Balto 6s A 10 as Balto 7= . 10 7 Detroit Clty Gas 6. 102 Detroit Fdison _6s.. 103 11 Dunlop T & It 7s 1 Dug L Pt 1 Fisher Rody fis Fisher Rody fis Robt. 10017 843, 1083 107 881y agiy 1015 1001, 100 orth St Glss Min 1 Park & Tilford s o b 83 101 1011y 106 1085, 107 107 Ry of Hav Tlas 106% % Vacoum Oi 75 107 3 Webst Milis 6ian wi 102 FOREIGN BONDS 983, 107 102 1 Italian Power 6 % King of Neth 6x 1 Rep of Pern 8¢ o 180l & Co 6x 34 B 0% % 12 Swive Gavt .oon eeig Sales in STANDARD OIL ISSUES. units 800 Anglo Am Oil.... 100 Atlantic, Lobos 10 Rorne Serymser 40 Backeye P L 40 Eureka P L. 00 Homble 0 & 1t new 70 Imp Oil of Can 10 Ind ¥ : 1300 Tntl Per Co iid 10 N Y Transit Northern P 1. 00 Ohio Oil new 910 Prairie 0f & Gas 20 Pean Mex Fuel o83, 54 %t THE EVENING URB MARKET Direct to The Star Office taken slightly telow Tuesday final, and others merely held around pre- viously prevailing quotations. Declaration of a 20 per cent stock dividend on Pennock Oil in addition » the regular quarterly dividend of cents a share falled to have any effect upon the market for the stock An outstanding feature in the in- dustrial section was the run-up of 31y points to 60 irand Stores. Buying followed publication of the result of the company’s operations in first five 1 i 50 far in 1924 amounted to $2, increase of $545,474 over the first five months of 1923 Buying of Public Utilities continued, but 4t & more moderate pace. Stocks which had not shaved largely in the recent improvement were taken up. Included was Adirondack Power com- mon. After opening 5 points higher the stock gained almost 2 points further to 32, where it was @ new high record’ Tenn e Blectric Power nd preferred and common also ¢ in for attention B Engineers Pet 01l of Py : it %ta 0 & R wi g0 Pet tin Amer Of ingy Pet Mex Panucs . Mount I'rod Mutusl 011 vot efs New Brad Ol w New Mex lLand Penn Beaver O Penock Oil Red Bank Oil Turman Ol Wilbox 0il Woodley Pet INDUSTRIALS. Adirondack Power. i c pfd 7 Multizrp ATT new w Appalac Pow ¥ Co Banlen & Co rix Bkisn Shoes Inc Candy Prod Cor wi Car Light Cellniold Co Centrifgg lron Pipe Childs Co gew wi Com'with Pow Cor Continentl Tob Ine Doshler T Dubilier C & Radio Durant Motors Du Pont Motors Bond & Sh pfd Ca &L T 120 1l 105 1y 3475 o sy 181 [ 26315 . ot d Wi 4 Hudson Intl Contl James Ine Kresge Depi Ktores Lebigh Power sec Lebigh Val toal Leh Val Cl oew wi Sesabi Iron Nat leath Nat Tea Co Nat_Tes Co wi NTY Tele Co pfd Paige Motor Peerless Rubber £ Aty 167 0 12 unsipd Swift 1ot Tenn Liee Powsr k El Pow 1 U'nion Carbide United Uniteq ¥ United Pft h new Uni Retail Candr Bak Corp pfd 8ot MINING Cons Cop M 0 Iod .. 0 Kansas ne o Ky 0D 1081, 20 a1, Ly T 57 £ 227 ng ¥ X 0 “Onio. X 0 Onio pfd S W Peon P L ... an & Finch ... 4215 42 2000 Vacuum Oi new . 8% 607 Sales INDEPENDENT OIL STOCKS in hundreds. $2000 Cit Serv © serip $600 (it Sery serip Oreole Sud - Washington Stock Exchange. SALES. Anacoutis & Potomac R. R. 35— $3.000 at 6. Capital Traction Co.—8 at 04, 3 ar 94 Washingion Gas Light—-10 at 4% Itizgs Nationsl Bank Continental Trist (e, Mergentimier Linotype Tnion Trust (V.- 55 at Natlonal M. & Iav. pfd—i0 a 8%, 30 Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. American Tel. & Teiga. 4s. Americun Tel. & Telgn. 4%s. Am. Tel. & Tel etl. tr. be. | & Tel & P. Telephone of Capital Traction R. R Totomac Hlec. 56, P'otomac Elec. deb. 6s. Potomae Elec. 8s 1853, S Pot. Blee. Pow. g. m. & ref. Wash., Alex. & Mt Ver. 5 Wash.| Alex. & Mt. Ver. ctf.[ ] Wash.. Balt. & Annap. s.... Waghington Gas 5w, Washington Gas 6 Wash, Rwy. cons. Ba.l & Fiec. s MISCELLANEOTS. D. C. Paper Mfg. 6. Riggs Realty 5% (long) iges Realty s (short). Southern Ridg. 6l Wash. Market Cold Siorage ba. Wardman Park Hotel 6. STOCK PUBLIC UTIL] Amer. Tel & Tel. rts. Ameriean Tel. & Telj Capital Traction . Washington Gas .. Norfolk & Wash. Steamboat. Wash. Rwy. & Blee. com Wash, Rwy. & Eiec. pfd. Terminal Taxi com NATIONAL BANK. Capital . Colnmbis Commercial District Farmers & Federal-American i?%fifiifi g Nehnai Bk of Waihisgion. ‘TRUST COMPAN American Secority & Trust. e v el ey & i TUnion Trust ........ Wash. Loan & Trust.. SAVINGS BAN 5 38508 & g5 2 United States. Conx Nev Ttan artes Silver Diamondfield 71y 1 ngineer Gold M 144 ‘1715 14 Teen Min 02 Hardshell Mo 01 Harmiil Div () Hawth Mines Tnc. . #% HIl Top Nevada. . Hollioger i Hecla Mine Independence Jib Conn .. Kas Copper Corp Mohican Copper Nevada 8ilHoro Nipising Ohlo Copper mouth Lo Hill ¥ pearhead _Gold Silver ited Mins Mex Walker Mining. Wenden Copper West End Consol Wett Lorrain Silver Wilbert INVESTMENTS By George T. Hughes BY GEORGE T. HUGHES. Twenty-Sixth Artiele New Enterprises. Every new enterprise carries a business risk. Bear this in mind when you are asked to invest in the securities of a company just organ- ized. The only way you can judge of the future is by the past. When a company has no record it is invari- ably true that a certain amount of speculation is invelved. One of the commonest tricks of the promoter is to compare stock of a new corpora- flon which he is selling with that of some outstanding success in that par- ticular fi for instance, he is selling s a new automobile company he will dwell upon the great success of Henry Ford and give an alluring estimate of the amount of momey which might have been made If you had only been fortunate emough to obtain an in- terest in KFord's enterprise at the beginning. The same argument is worked by sellers of promotion stocks of rubber and tire and of mo- tion picture companies. They do mot, however, point out that the suc: cesses in any new business are far out- numbered by the failures and while it is perfectly true that you might be lucky enough to pick a winner, this is not investment in any sense, but. at the best, speculation and, at the worst, gambling. Insist then, if in- vestment is your object upon a rec- ord of earnings over a series of vears before you iIntrust your hard- earned cash to some one else's keep- ing. If that is not available, exer- cise cantion and them more caution. Unless you have money the loss of which will mot seriously inconveni- ence you do not take speculative risks in new enterprises. The ex- ception to this rule .is when the enterprise is a strictly local one and you are in a position to keep in touch with its progress and to know personally the men who are at the head of the management Iven then remember that if you want to dis- pose of your interest, that is sell your stock, you may have to shop around until you find some one situ- ated like yourself with knowledge sufficient to justify him in taking up the risk you wish to shift. It is easy 10 sell even a speculative stock when Washington Mechanies' FIRE INSURANCE. S~tumbis ... Rea: Hotate Title.. !l MISCELLANEOUS. D. O. Paper ptd...... Merchants’ Transfer & Storage Mergenthaler Linotype ....... ational Mege. & Inv. pfd 014 Duteh Market com Old Dutch Market pfd Lanston AMoaotype ecurity all the fasts about the company are obtainable by investors generally, but shares in a sound and profitable en- terprise whers the facts are not erally known are not so easy to spose of. (Copyright, 1924, Congolidated Press As- wtiatony —_————— Closes Down for Three Months, - BRISTOL. R. I, June 4.—The Na- tional India Rubber Company an- nounced today that the keds divi- sion, employing 2,100 persons, and the wire division will close down for three June 28. scale will become cffectize. | Loose W K 24 pt STAR, WASHINGTON, PORT BUSINESS UP. Baltimore Report “Little Better Than Normal” Past Week. BALTIMORE, June 4 (Special).— Port business for last week was a little better than normal, holding up well after the heavy shipping of the preceding week, according to the weekly report of the collector of the port. “The normal ratio between im- ports and exports existed, with total imports valued at $2,292,109 and ex- POTts at §1,747,176. The free list, which was valued at a little more than $1,700,000, consisted largely of full shiploads of wood pulp, rags, bananas, crude oil, ores, sugar and copper. Dutiable items were table ware, toys. pineapples, chemical ores and olive oil. The export list included locally manufactured goods, such as copper and steel products, machinery and starch, with large quantities of grain, coal and tobacco. ‘BEST GENERAL BALANCE’ Department’s June Review of Agri- culture Encouraging. The Department of Agriculture an- nounces, in its June review, that agricultural production has arrived at the best general balance since 1920, A warning was issued against the tendency to overdo poultry, corn, butter and potato production, and to cut down too far on wheat. beef cat- tie and hogs. Larger farm crops are being Dro- duced with fewer farmers than ten vears ago. the departmenst said, de- claring that farm labor has become 18 per cent more effective in crop pro- duction in the last decade. President Coolidge has transmitted to Congress a request for $125,000 for fighting and preventing forest fires as a supplemental item for the de- partment — SEE BIG FALL BUYING. Pittsburgh Merchants Encouraged by Activity in Industries. PITTSBURGH. June 4 (Special)— Operations in the building trades and in the steel mills still are so active that while merchants here expect that there may be a slight slump in the summer, liberal buving will take place in the fall. Wage earners on whom these merchants depend to a large extent are employed at high wages and as long as they are work- ing they can be counted on to keep those wuges in circulation. Sales by wholesalers to the large company stores are less than normal owing to the duliness at the onal mines in this district. Bullding materials, household utensils and glass continue in excellent demand. Conditions in | the hardware trade have not changed | materially in the last fortnight D. C., WEDNESDAY, COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY BAIRD, Tex.,, June 4—This town received a carioad of arsenic this week to fight grasshoppers in the cotton fields. The poison Is stored in the county courthouse and is being passed out to farmers according to the size of their farms. i HOUSTON, June 4.—Production of Rulf coast heavy oil jumped 5,220 bar- rels daily lust week, running the to- tal of gulf coast and south Texas flelds to 117.260 barrels dally. Twenty-four new producers were; brought in. HAVERHILL, Mass., June 4.—The Haverhill shoe board of arbitration has issued an appeal for lower living costs to back up the recent wage re- duction of 20 per cent granted by the board and has asked co-bperation from real estate men and merchants to reduce prices of necessities. ST. LOUIS, June 4.—The United Lumber Company reported today its sales for the last month were larger than for any previous month this year. CHICAGO, June 4. —Agricultural equipment manufacturers in many instances are finding an improved market for the!g products at present. although collections conginue very slow. Exports are greater than a year ago. SEATTLE. June 4.—Silk and silk goods valued at about $5,000,000 will arrive here this week and heavy con- signments are expected to continue throughout the month as Japanese liners will advance their sailings so as to complete voyages before the immigration barrier is raised, July 1. FORT WORTH, June 4.—The vield of oats and wheat is better this year in Denton County than was expected. The first calls have gone out for har- vest hands for the Texas field and these were followed by fare reduc- tions by railroads to farm workers in all parts of Texas and ‘Oklahoma. CLEVELAND. June with the reorganization of the Mason Tire and Rubber Company, it was an- nounced that April sales were $958,- 000 and net profits $42.000 after all charges. A. W. Cluff, formerly sec- retary, has been made president. ST. PAUL, June 4—Taxes paid Min- nesota by the iron mines for 1923 ag- gregated $6,131.161. or nearly double the amount of 1922. The Oliver Min- ing Company, a subsidiary of the United States Steel Company, paid approximately 60 per cent of this amount. The total 1923 production was 44.659.340 tons. SCRANTON, Pa. June 4. —Opera- tions in the anthracite fleids have been resumed this week almost in full, following a broken-up period the week before. Cool weather has been of great benefit in the last month to Stock of Record. Jume June May 27 Jape 14 June 14 June 30 Jume 13 Am Car & Pdry do pf .. .. Ateh T & K F pt Beech Ck RR. B'e'n T L & Pt Cen 1Nl P S pf.. (e coZckocooe RTINS | T Lord & ' 24 pf. Toly 18 Jone 1% June 18 June 14 Jane 16 Juse 10 cio co & Yougby RR Rem Arm 1st pf. do 24 pf...... Renwelaer & Sar Utah Copper..... Utah Tdaho Sax. 86755 do pf. Wentern Hlectrsc do pf 2 Winaipeg Bie pf STOCES EX-DIVIDEND. June 15 » June 20 Jume 20 June 30 Jume 30 Jane 20 ceoch: olcol Date_ Corporation. —Baldwin Loco Works. Jun do pf...... S June 6—Calumet & Arimoms Miming. June +—Cuban American Sugar Co une o p = June 5—Du Pont (E 1) de Nemours. June 6—Kennecott June 4— Mergenthaler rih America Co. do Bf......... June & National ‘Soppiy Jone 6—Slocs-Sheflieid 8 & 1 June 7—Otix Blevator Co... = June 7—Railway Steel 8p Co pf.. . e A Fool and His Mowey. The fact that a stock certificate 1 printed in fancy green scroll work i: Bo proof that it is worth any more than ordinary wallpaper. Thousands of people in Washington would have saved their money if they simply had sked their banker to tell them what e knew of some supposedly wonder- ful investment. NO LOSS TO ANY INVESTOR IN 51 YEARS % F-H. SMITH COMPANY the coal business. ———— PLANS $1,000,000 PLANT. Refining and Exporting Company’s Program at Curtis Bay. BALTIMORE, June 4 (Special).—A million-doliar oil refining and ex-j porting plant is to be erected in the | Curtis Bay section within a short time for the Seaboard Terminal Cor- poration The title to the property now will be conveved to the Baltimore Ter. minal Company, a holding company which will then lease the property to the Seaboard Terminul Corpora- tion for ninety-nine years, with the option of renewal forever. Plans for the new industrial devel- opment provide for oil shipment by large terests in the west, from which domestic products and export trade will be handied. e T. S. TREASURY CERTIFICATES (Quotations farnisied by Redmood & Ca) Bid. Juse 18 1924 100 o 100118 (00 100% 1001118 - loow leeiiis 100 11-32 100 1332 100 15-16 101 1007 100 15.16 1 100% 1001518 101916 101% 100 23-32 100 2532 102 1-16 102 4 44 4148 September 4% s March 15, March 15, I5TH ST. AT K N.W. Safeguardéd by 51 Years of Experience " Smith Bonds are Safe Bonds. Behind every bond that we sell, protecting investors. against loss, is the definite system of safeguards which this house has developed in the field of first mortgage investments since 1873. : The result of rigid adherence to these safeguards iswell known to conservative investors — in 51 years no investor in our first mortgage offerings has lost one cent of principal or intefest. Give serious consideration to this long record of safety. When you have funds to invest, inquire about our First Mortgage Bonds paying 6% % and 7%. 01 il 2P O LI Il O el OOl ey, JUNE 4, 1924 RETAIL TRADE BETTER. May Sales by Seattle Merchants Greater Than ia 1923. SEATTLE, Jume 4 (Special).—Re- tail trade here for the last month has shown a substamce and staying power surprising even to merchanty. eports show the larger department Stores’ sales in May were about § per cent higher than in May, 1823. Collections are prompt in most lines and merchandise prices show little signs of fluctuation. The bank clear- ings last week were the largest since 1920. Building operations in May were surpassed only by the June construction, when a_ permit for a new hotel (0 cost, $3,500.000 ran the total high. HARDWARE REMAINS DULL;‘ Predictions for Future Tnde.i However. Are Optimistic. NEW YORK. June 4. —Hardware Age in its weekly review of market conditions in the hardvglre trade will say tomorrow: The past week has witnessed but| little change in the various hardware | centers of the country. The weather still remains cold and damp and this continues to curtail the sale of spring merchandise. This condition is mot peculiar to any onme section for the same reports have been received from all centers. Sales of staple merehan- dise have been uniformly = good. Paints, builders, hardwarc and auto accessories have been selling well in practically all sections of the country and reports from some manufaetur- | ing cities state that mill supplies have also been in conmsiderable d: mand. Prices in general have developed a | firmer tendency and very few changes | of any kind have been noted. In such changes as have been made it would seem that there were more reduc- tions than advances. The trade is sot expecting any marked change in con- ditions for some time to come with | respect to the price situation. Such predictions as have been made regarding the future are of an op-| timistic nature. The hardware trade expects to see June register sales considerably in advance of May and it is the belief in some quarters that the latter half of 1924 will witn business that will be eonsiderably better than that experienced during tthe first few months of the year. A 69, First Mortgage Hydro-Electric Power | Bond, to Yield, 6.40, We recommend for investment the 6% First Mortgage Gold Bonds of Youghio- gheny Hydro-Electric Corporation,due April 1, 1949, as described in our circular W-479. Price 95 and interest ; E. H. Rollins & Sons Founded 1876 | 416 Woodward Bldg. Washington Philadelphic Prencisco Boston. New Yorl Chicago. Demver, Som WELCOME REALTORS WELCH (Harry S.) 15th and New York Avenue Loan Specialist Extends greetings to all members of the National Association of Real Estate Boards. 711720727110 LI LI A AL 202112012 1011 10 0PI I VAP I E 2O 00700 /7777177 7777 I 1717777 P77 2AE LA TE P P27 772277770 77 g e FINANCTAL First Mortgage Loans Lewest Rates of Imterest and Commission. ' Prompt Action | | Th J. Fishi B. F. SAUL (0. 1412 Eye “WHEN” buying our FIRST MORTGAGE 7% INVESTMENTS You are assured due precaution has been taken to safeguard your interest. A personal inspection and comservative valuation are ¢ our strict requirements. and courteous service fol- low the purchase of our securities. otes now on hand in amounts of $100 up. Send for Beoklet CHAS. D. SAGER Loan De—a'-'l--t 38 924 14th St. N.W. FIRST MORTGAGES FOR SALE THE TYPE OF SECURITY CONSERVATIVE IN- VESTORS BUY IN DENOMINATIONS TO SUIT PURCHASERS JAMES F. SHEA 643 Louisiana Ave. N.W. Co-Operative Building Association Orgx=tmma 1579 44th YEAR COMPLETED $4.755,170.53 Annets L - $1,245.320.98 The Best Way to Save is in a systematic Let us tell you ki fashion. Subseription for the 86th Issue of Stock Being Keceived Shares, $2.50 Per Month EQUITABLE BUILDING 915 F ST. N.W. JOHN JOY EDSON, President FRANK P. REESIDE, Sec’y. YOUR SAVINGS In Our FIRST MORTGAGES “The Safest Security on Earth” % Interest Denominations $100 to $10,000 Northwest Residential and Business Property Only 1416 K Street N.W. IRITZ-CQ aTcs. Men You head the Know— organization behind these 67,% First Mortgage Invest ment Notes. Their long experience. keen judgment and proven business ability are your protection. Denominations as low as $100 WA Constructio If You Believe in the United States, You Believe in Washington! Commercial and Industrial Real Estate Development We offer an opportunity to participate in a very profitable enterprise—a development of commer- cial and industrial property. The company in which you are invited to partici- pate owns about 120 acres of very desirable prop- erty, the marketing of which will prove to be one of the most profitable enterprises we have ever undertaken. If you desire to participate in this very promis- ing enterprise or to learn complete details, fill out and mail the coupon below today. ALLAN E. INVESTMENT CO. 813 15th St. N.W. Main 2690 Clip, F1ll Out and Mail Coupon Today Allan E. Walker Investment Co., ‘Washington, D. C. Dear Sirs: Without oblization en my part please send me complete information concerning the commercial and industrial property development described above.