Evening Star Newspaper, June 11, 1924, Page 29

FINANCIAL " FEW PRICE CHANGES AT CENTER MARKET Hens From 25 to 27 Cents and Cood Chickens 45 to 50 in Today's Transactions. i « MEAT BUSINESS IS Dm; Agriculture Department’s Review of Vegetable Market. Fowl were plentiful on the Wash- ington commission market this morn- ing and dealers anticipated that be- fore the day was over the price on hens would scttle around a quarter. Hens have been moving satisfactorily a to cents for the past few v days and the supply has been mod- . erate Good chickens are bringing from 45 1o 50 cents, it was declared, while undersizes are somewhat cheaper but not so popular. The egg market with the commis- sion merchants was said to be a quar- ter, while jobbers were from 3 to 5 cents highér for candled selocts. Business in the meat line as well tas dalry products was admittedly flat, and merchants were anxious for the week to move rapidly in anticipa- 1ion of better conditions. Prices were about the same in these lines. The Department of Agriculture's Teport of the vegetable market fol- Tows: Apple Supplies Moderate. Apples—Supplies moderate; barrels, demand moderate; market dull; Maryland, Virginia and West Vir- ginia, No.' 1, 21; inches up: winesaps, 5.00a5.50; Ben Davis, 23.00; 2%z inches up winesaps, mostly around 4.00; boxes, demand 'moderate; market firm; northwestern. medium to_large sizes extra fancy winesaps, 3. Cabbage—Supplies moderate; slow; market steady; Virginia, Nor- folk " sec barrel ' crates, pointed : homegrown. uncov- T pointed type, 1.75a2.00. Cantaloupes—Supplies liberal; demand moderate; market fairly steady; Cali- fornia, Imperial Valle: standards, 45s, ponys 54s. 3.00a3.50: few 3.507 ;5 nostly 1.50. Lettuce—Supplies mod- crate; demand moderate; market ¥; homegrown, 2ydoz. crates, big on type, 1.00a1.50; icebers type, 150a1.75." Peaches—Supplies light. lemand limited; market steady: North Carolina, 65, Mayflowers, large size, 2.50a3.00; small size. 2.00a 2.50. Potatoes—Supplies liberal; de- \inand moderate; market steady; old &tock. Michigan, 150-1b. sacks Russet Rurals, U. S. No. 1, 3.25a3.50; mostly 0 per sack: new stock. North and outh Carolina, cloth top slat barrels Irish cobblers, U. S. No. 1, best 4.00a 4.25; some medium size, 24.00. Good Strawberry Demand. Strawberries—Supplies moderate, de- mand moderate, market about steads : \homegrown. 32-quart crates, large va- [Tieties, 3.50a4.00; emall varieties most- 1+, 230a3.00; few lower. Tomatoes— Supplies moderate, demand good for £00d stock, market steady: Florida 68, Tipes and turning, wrapped, best fancy count, 3.00a3.50; choice count. 2.00a 250. many ripe, some decayed, fancy and choice count, 75a2.00. String beans Supplies heavy, demand moderate, market fairly steady; North and South Carolina, bushel hampers, green, 1.00a 1.25; few 1.50; many refused: Virginia, , 5-peck hampers, green, Cucumbers—Supplies liberal, demand_light, South Carolina. bushel hampers, No. 1. 00a1.50 ; refused ; Virginia, Nor- bushel hampers. hotbed choice. mostiy 1.50. Supplies moderate. demand . market about steads ; North Caro- 32.quart crates, best. 3.50a4.00; some poor condition, 2.00a3.00. Cars on Track at 8 A.M. Today. Bananas—3 unknown freight, 2 un- broken cars on track. Beets—50 crates South Carolina express, 124 |siderable uneasiness on market slightly weaker; | THE EVENING STAR. NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNAN, NEW YORK, June 11.—The fact that ufavorable reports from trade centers were not being reflected in the movement of prices caused con- the part of the recent short sellers today on the curb exchange. Covering operations were on the increase and resulted in substantial advances, especially' in the oil shares and in numerous indus- trials. The oils, apparently had discounted the 15-cent reduction in Smackover crude oil, announced late Tuesda: afternoon, and moved forward under l!fl- leadership of Prairie Oil and Gas. Standard of Indiana around 58 was almost & point higher, Vacuum gained & similar amount and others of the 8roup moved up a half point or more. Noteworthy advances occurred in re- cent favorites among the public utili- ties. No doubt the declining money rates have been responsible to a large extent fcr the demand for this class of securities, which appeared to be com- NEW_YORK. June 11.—Following is an official list of bonds and stocks traded in on the New York Curb Mar- ket today: Sales in thousands. 1 Allied Pa 3 Alum Ts new 44 Am Gas & Elec 65 2 Anaconda 6s. 2 Anglo-Am 0il 732 1 Aotilla_Sugar 7ie 61 Amsoc Sim Hdw 8% 1At G & W IBSbs 169 B & O 6a wi § Beth Steel 75 33 an Nat i 27 Childu CoGar s 1 Con ( 29 Cons 1 Cons Textiles & 1C PABM 6les A 2 Cuban Tel 7 8 Deere & Co' 71 2 Detroit "City Gas 6y 1027 3 Detroit ‘Edison. a3 103 ° 1Dunlop T & R 7s 92 10 Dua L P Sigs B wi 102 7 Federal Sugar 6x 33 077 1 Fisher Rody €s '25.. 101 2 Fisher Body s '26.. 101%, . Robt. 7s ..... 95 eral Pet 64 .. 96% rand_ Trunk 6igs.. 107 ul Oil 5s . 071, Tood Rabber 1011 33 Inter Match Biss wi 9414 Kansas Cy Ter 5'as 10115 Kennecott’ Cop 105% 21 Leh VI Hr Ry os wi 90% 33 Libby, McN & T 7s. 96 4 Morris & Co 7is 28 at Leather 85 74 5415 1005 10315 10013 102 54 Ohio Power 5s ... 4 Park & Tilford 6s.. P TOR FRPOT 319 South Cal E4 fa.... % Tgiies; il 78 28 FORBIGN BONDS. 1 King of Nether 6s.. 92 15 King of Neth 6 '54 881, 18 Solvay & (o s 34s B 90%, 14 Swiss Govt 518 1 41 Swiss Govt 5 E Bales STANDARD OIL ISSUES in units. 400 Anglo-Amer 0il 30 Buckese P L 100 Chesebrough o 30 Eareka P L a0 Gal Sig Ol pf oid 700 Humble 0 & R mew 371 160 Imp Oil of Can ... 1 Pet Co, Lid t Traosit ...... N Y Transit . 300 Obio Oil new 780 Prairie Oil & 165 Prairie P L ... 10 Bouth Pemn Ofl 10 Southern P L . 15700 8 O Indiana . crates Virginia boat. Cabbage—346 baskets Virginia boat. Cantaloupes— 2 California freight, 6 broken and 1 unbroken cars on track. Carrots—75 crates South Carolina express, 87 kets Virginia boat. Cucumbers— 87 crates Virginia boat. 2 broken cars on track ggplant—46 crates Florida express. Grapefruit—1 broken car on track. Lettuce—78 crates Vir- ginia boat. Mixed vegetables—2 broken cars on track. Mixed fruit—1 Florida freight, 1 unbroken car on track lLemons—1 broken car on track. Onions—1 California, 2 Texas freight; 7 unbroken cars on_track. Oranges — 1 California, 1 Florida freight; 3 broken and 5 unbroken .cars on track. Parsley—30 bbls. Vir- kinia boat. Peas—150 baskats North lina express, 19 baskets Virginia Potatoes—2 North Carolina. 1 nigan, uth Carolina freight: 3 bbil: North Carclina boat: broken and 12 Squash—23 crates North na express. Strawberries—i0 crate | North Carolina express. String beans —185 baskets Florida. 265 baskets | South Carolina, 267 baskets North | 'arnlina express. 351 baskets Vir- | Zinia boat, 1 broken and 1 unbroken cars on track. Tomatoes—4 Florida freight, 265 crates Florida express, 6 | broken and 3 unbroken cars on track. #Turnips—125 crates North Carolina cxpress. Blackberries — 290 crates North Carolina express. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY boat DETROIT, June 11.—The advance in prices this week by the Maxwell and Chrysler companies had been antici- pated in the trade, owing to the drop in production, which entailed additional costs. Maxwell advances wers from 310 to $30 and the Chrysler range went up $60 to $100. CLEVELAND, June 11.—The ma- Cleveland = automobile ort heavier ship- in May, 1923, but | production is proceeding along con- | wervative lines. The Rollin Company “shipped 1,160 cars May, as against 71 in April and 921 in March. HOUSTON, June 11.—Average daily il production in the last week for the gulf coast and south Texas fields was 71.220 barrels, a decrease of 3,650. Six- teen new producers were brought in. W ORLEANS, June 11.—The Southern Pine Association mills last week renorted a decrease in new busi- ness of 13.7 ner cent from the previous | ‘week. | PORTLAND, Ore., June 11.—Demand | n the wool market here is mostly for fine wools, although mills are taking on some Lincolns and other coarse grades at 28 to 32 cents a pound. ments in Ma DULUTH, June 11.—Dock companies at the head of the lakes have advanced the prices of anthracite coal 10 cents a ton, making nut $13.15 and stove sizes $13.30 at dock. MONTPELIER, Vt. June il.—Indi- cations are that Vermont will have a heavy apple crop this year, as trees are in heavy bloom, e FRENCH FRANCS SOAR _ ON POLITICAL NEWS By the Amociated Press. NEW YORK, June 11.—The resigna- tion of President Millerand of France, clarifying the French political situa- tion. today brought a vigorous rally in French francs, which jumped about 30 points to 5.32 cents at the opening of today’s foreign exchange market. | « e e SWISS MAKE SERBIAN LOAN. BERN, Switserland, June 11.—The eorgetown Gas 3s—$L000 at 7, $3,000 at &7 Washington Gas 56—$3.000 at 96: $2.000 t Capital Traction Company—10 at %4%, 5 at 944 10 at 94% Washington Gas Light—10 at 48 Wi Rwy. & Blee. com.—10 National Capital American Sec. & Trust Co.—50 at 306, 10 at 305, 10 at 306. 10 at 306, 20 at 305. Columbia Title Tng Lanston Monotype—10 at 72%. APTER CALL. Washington Gas Light—25 at 48%, 10 at 481 t 485 gton Gas 6e '33—$1.000 at 101%. Capital Traction Co.—10 at B4% Money—Call loans, 5 and & per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. American Tel. & Telga. 4s. American Tel. & Telga. 450 Am. Tel. & Tel. ctl. tr. 5s. Am. Tei. & Tel conv. Anscostia & Potomac Anscostia Potomac G 0. & P. Telepbone C. & P. Teiephone of Va. Cap.tal Traction R. R. 5s. Georgetown Gas 1st 5. Metropolitan R. R. 5 Potomac Elec. 1st 56 Potomae Elec. cons. Polomae Elec. deb. 6 Potomae Bleciric fa 1963 Pot. Flee Pow. g m. & ref. Waah. Alex. & Mt. Ver. 3a. Wash., Alex. & Mt Ve Wash . Balt. & Annap. Washington Gas 5 Washingten Gag Ge Wash. Bwy. & Eiee. 48 . MISCELLANEOUS. D. C. Paper Mfg. 6s.. Riggs Realty S8 (long) Riges Realty bs (short) Sovthern Bidg. Glas. .. 5 Wash. Market Coid Storage 35. Wardman Park Hotel 65........ STOCKS. PUBLIC UTILITY. American Tel. rights. American Tel. & Telj | Termiaal Taxi com.. NATIONAL BANK. Capital Columbia Commereial ¥ Liberty Natienal Bank of Washington. TRUST COMPANTES. rican Security and Trust... 304% Somtipental Teust Merchants' Bank. Nationsl Savings Tnion _Trus Washington Loan & SAVINGS BANK. Commerce & Savings. East Washington. Security Savings & Com. Beventh Btreet. United States. Washington Mechanics Trust s’ r Mergenthaler - Linotype . & Invest. id Duteh Bankverein has announced a loan to Serbia of 15,000,000 Swiss franca The Joan was made upon 7 per cent mort- Zage bemds payable in twelve years 0ld Duteh Market pfd.. Monotype [ Yelow Cab... ing from investment sources. Electric Bond and Share preferred crossed 101 to the highest so far reached. Ameri- can Gas and Electric new responded to the declaration of an extra stock dividend of one-fiftieth of a share of common in addition to the regular quarterly distribation of 25 ceu Appalachian Power gained another but subsequently reacted under profit. taking. The annusl meeting of stock- holders will be held June 16 at Rich- mond, Va. The new East Penn Elec- tric also was favored in the buying, getiing up to a new high. There was no let-up to the demand for radio stock. Dubilier was active- ly taken at its top prices, and the ame was true of Hazeltine Corpora- tion. A better demand came into the market for the new Thompson radio, which moved up a half point or so. The feature in the mining Eroup was the persistent strength in En- gineers Gold. At 20 it was at a new top and compared with a low ea in the year of 6. The new Nickel Plate 5% per cent bonds were admitted to trading and sold between 9512 and 95, compared with the subscription price of 94%2. 400 S O Kentuel 1500 8 0 N Y ne 39 30 8 0 Ohdo ......... 285 28 600 Vacoum Oil new.. 61 60 INDEPENDENT OIL STOCKS. 106% 106 108% 38y 38% $9.000 Cities Serv © scrip 326,000 CitService serip 24 Creole Syndicate 80 Engineers Pet 14 Gulf Ol of PA. 15 Tago Pet ... 80 Latin Amer Oil ... . 3 Livingston Pet . 12 Mount Prod ..., 40 Mutusl Oil vot cfs. 16 New Rrad Oil wi 1 New Eog Fuel Oil New Mex Land 1 Okla Natural 4 Peer 0il Corp 15 Pennock Oil .. .. 18 Red Baok Oil new.. 31 Royal Cana O & R. 3 Bait Ck Prod ... 50 Somutar 0N ... < Wilcox Oil & Gas 13 Woodley Pet ... INDUSTRIALS. 415 Adirondack Pow 1Am Oot Fabric pfd. 97 3Am G & E vew wi 69 1Am L & Tract.... 123% 3AT & T new wil2lly 4% Appalac Pow & Li 8 4 Rorden & Co Rt 44 Candy Prod Cor wi. 1 Car Light....... 1 1 Centrifugal Tron P. 273 €3, Com Power Cor a5 % Cuba Co. LDIL& X 10 Doehler D C Co wi. 27 Dubllier C & Radio 4 Durant Mot . 6 Du_Pont Motors. 6% East Pa Elec.... 1El B & Sh pfd 2 FAW Grand St 3, Ford Mot Co R len Alden Coal 10 tioodyear Tire 2 Hav Tob p v d w 10 Hazeltive Corp wi 2 Falls Switch© Sig # Heyden Chem ... 3 Hod & Maun BR 2 Hudson Co pfd. % Intl Contl Rubber 1 James Inc 5 1 Kresge Dept Stores 1 Lehigh "Power 2 Leb Val Cl o 3, Meogel Box Co 15 Mesabi Iron. 3 Midvale Co Mississippi Biver Intl Tesn Elec Power i Tenn EI Pow 24 pf 1 Thomp Radio v t c 1 Taion Carbide .. 2 United Bakeries . 1 United Bak pfd ... i Retail Candy Bk Cor A wi Bak Cor B wi rd Bak Cor pfd. ite R MS new wi R M 8 newwivte Yeliow Taxi C N ¥ MINING. 25 Black Oak Gold M .75 N Calaveras Copper 20 Canario_Copper . 180 Cortes Silver ..... 40 Diamondfd Biw But 40 Eng Gd Ms Ltd Ind 20 Fureka Croesus 95 Hewthorne M In- 130 Hill Top Nevada. 1 Hecla Mine 20 Independence “Lead Cop ... Plymouth lead M Premier Gold M 40 Red Warrior 8 Rocky Mt 10 Spearhead 14 Tonopah United Fastern United Verde Ext U S Contin nw wi CTnity Goid ... Wenden Copper . 10 West Utah ... A SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) Bid.” Ofter Ataminum Co. of Amer. 75 1925, 1031 Aluminum Co. of Amer. 7s 1533, 1075 American Sugar Gs 195 96 American Tel. & Tel. Anaconda Copper s 1929, Anglo-American _Oll 738 1935, Associated Ol 6 1835... ... Bell Tel. of Canada B 1925. . Gihtral ot Georsia Ga- 1o entra 3 Central Lesther Je 1925 1l & 8t. Paul 6a . 5i4s 1926 . Ist 5a 1927. Du_Pont 7%s 1981 Federal Sugar Ref. s 1963, Ts 199, M_6i4s 1331 1580, ; Westinghouse F. & Wheeling Bteel 6 1 FOREIGN EXCHANGE. (Quotatiens formished by W. B. Hibbe & Co.) Nominal Selling checks xold value. today. Leaden, pound Moatreal. dolla: | Paris, franc Brussels. frai Berlin, mark Rome,’ lira Zarich, franc | Athens, drachma . Madri Yienna: crown. .~ crown Prague. crown Waray. ark ‘openhiagen, crown Christiania,’ crown . Stockholm,” erown By the Associated Press, NEW YORK, June 11.—Foreign ex- changes firm. " Quotations (in United States dollars): Great Britain, de- mand, 4.3015-16; cables, 4.31'3-16; sixty-day bills on banks, 4.2811- I:,'g;zl(“: ldemmd, 052914 ; o - Jtaly, demand, .0435; -0435%. Belgium, demand, .0438: 0459; Germany, demand, per . .23%; Holland. .3732; Norwa .1346; Sweden, .2651; Denmark, g'imfl%;l% P':l’”’sd: Spain, 134 reece, . 3 land, .000012; Czecho- slovakia. 0282 g 30 triilion. 3615 i ‘WOOL AT STANDSTTLL. BOSTON, June 11 (Special).—Trad- ing in Summer street raw wool mar- kets was practically non-existent again today, with dealers debating the question whether things would pick up after the Cleveland conven- tion, with its foregone nomination of President Coolid Bu!wn the ‘west continues but ™ and more growers evincing willin WASHINGTO JAPAN NEEDS LESS LUMBER FROM U. S. Slump in Demand Declared to Have No Relation to Exclu- sion Act. STEEL WANTS ALSO FILLED American Rice Growers Hold Ex- tra Fine Position. BY J. C. ROYLE. Dispatch to The Star. NEW YORK, June 11.—The old law of supply and demand as a prime factor in commerce, both domestic and foreign, has taken on added pres- tige in the eyes of business experts lately as compared with political con- siderations. They place responsibility for present market trends on the former in most instances, despite the recent developments in the latter. The Japanese exclusion act has been emphasized as a business factor, yet many American exporters are in- clined to relieve it of that responsi- bility, in spite of reports of anti- foreign agitation in that country. Lumber shipments to Japan, extreme- 1y heavy in past months, have slack- ened materially, and the logging camps and lumber mills of the north- west are cutting down working forces. curtailing production and in some cases closing down entirely. Japan's Lumber Needs Filled. The facts are, how that the needs for temporary rehabilitation of cities injured in the 1923 earthquake in Japan have practically heen filled. The Japanese authorities have placed a restriction against the erection of any new permanent buildings for three years in Yokohama and u simi- lar restriction for an indefinite period in Tokio. Before permanently rebuild- ing those cities. the Japancse are determined to fix on a type of build- ing which will be most suitable for preventing a recurrence of the dis- aster. The steel sheets for temporary structures, ordered in such quantities after the earthquake, are similarly affected. and this falling off in de- mand has naturaliy had its effect on some American steel mills. The steel industry in the United States just now is in a period of un- certainty as to whether new busi- ness will continue to decline or will improve. The falling off in de- mand was_apparent all through the month_of May and the first days of June, but the 1oss has been far less lately than in the first part of the period. This is taken to indicate that the decline has about run its course and that the industry may continue on a fairly even keel, so far as produc- tion i3 concerned, throughout this month. Flour Exports Drop Off. Exports of flour and wheat o the Orient from the Pacific northwest have dropped off recentdy, but fail- ure of these orders to continue at the pace set earlier in the vear is fixed more on the heavy volume of ship- ments in the first five months than to resentment in Japan over recent political moves. On the other hand, 12,352 _barrels of flour were exported from San Francisco in the last weck, of which 1,000 were for Japan. The larger part of the remainder was for Oklahoma Gas and Electric Company Company: Largest electricand gas utility in Oklahoma. Serves: 77 cities and towns. Earns: Over twice amount re- quired for annual mortgage bond interest. * We recommend for invest- ment the First and Refunding Mortgage Bonds of this Com- pany and will be glad to send our detailed circular upon re- quest for W-480. E. H. Rollins & Sons Founded 1876 416 Woodward Bldg., Washington New York Philadelphia Denver San Francisco Boston Chioago d A D. C, WEDNESDAY, Mexico, Colombia, Salvador and Guate- mala. The position of American rice growers is excellent in world mar- kets. The American product always commands somewhat of a premium and the amount which Great Britain will take this year is expected to be high, in view of the fact that reports from Burma and Siam indicate small crops. Rice Outlook Brig! Offerings in the Louisiana district are very limited, according to dis- patches received today from New Or- leans and what little stock is avail- able is strongly held by a few mills and traders. The Rice Millers’ Asso- ciation estimates the total supply in the rice sections of the south at 450,000 pockets of 100 pounds each, which is less than a month's supply during the dullest period of the year. Best grades of Blue Rose readily command 6% cents a pound. In California the output is strongly controlled by the co-operatives of the Riece Growers' Association and Ralph Merritt, who has just resign- ed as head of the iation, pre- dicts a prosperous period for the growers provided they stick together. The Japanese government is expected to purchase five miilion bushels of rice in world markets before July 31. | Dutiable JU BALTIMORE’S PORT BUSINESS INCREASES Heavy Arrivals of Oil and Sugar Help Boost Week’s Total Figures. Soecial Divpateh to The Star. BALTIMORE, June 11.—The boom in port business which siarted more than two weeks ago gained momen- tum last week. according to the col- lector of the port. Valued at $2,536,543, imports con- sisted largely of paper, bananas. Philippine sugar, ores, rubber and crude oil, on the free list, with large duitiable cargoes of molasses, pine- apples, tableware, toys and sSugar. imports’ were valued at $587.861. Exports, which included shipload ecargoes of copper, cotton, steel and wood products and grain, were valued at $1,816,018 Oil and sugar made a large exhibit in imports. Four steamers brought 181,747 bags of sugar, of which 50,771 bags came from the Philippines and 30,976 from Cuba. Oil aggregated 450,000 barrels, of which 282,000 came from the Mexican fields, 65.000 from Texas and one cargo of 100,000 bar- rels from California. EQUITABLE Co-Operative Building Association Organized 1879. 44th YEAR COMPLETED Assets Surplus Adopt the systematic savings pian of the Equitabie, a plan that proven belpful to thousands. Subscription for the 86th Issue of Stock Deing Reeeived Shares, $2.50 Per Month EQUITABLE BUILDING 915 F ST. N.W. JOHN JOY EDSON. Presidest FRANK P. REESIDE Money to Loan on Business Property W. H. Saunders Co., Inc. 1433 K St. N.W. SAFE REAL ESTATE NOTES FOR SALE Any Amounts Loan Department GARDINER & DENT, Inc. 1409 L Street N.W. Main 4884 W. GILBERT DENT President m‘d 1mprovi located wlv,gete real estate values are secure against HEROLD HAYNES Magager of Loans ed, income Money to Loan Secured by first deed of trust on real estate. Prevailing Interest and commission. Joseph I. Weller fiag ot & ¥ Now: Washington, D. C.. June 10, '24. Pay to the order of Mrs. Thrift thirty-five dollars (335) for § months’ interest due June 10, '24, on $1,000 first_mortgage note pur- chased through our Mortgage De- partment. This is a facsimile of the many Checks Ieaving our office daily to investors in our First Mortgage Notes (27 Note the date due and time sent.) Once you invest in mortgages no other form of investment will appeal to_you. Send for complete details. Notes now on hand $100 Chas. D. Sager 924 14th St Main Loan Dept. Secured by Improved Real Estate In Washington Worth Double The Amount Of The Loan— Interest Rates Today 6% and 7% Denominations of $100 to $1,000— Partial Payments Mortgage Imvestment Dept. RO & TUcH) 713 and 715 14th St. Main 2345 Members Nat'l Ass'n Realtors Safeguarded by a Valuable Location A valuable location in a neighborhood where real estate values ate increasing is all-important from the mmdflt of the first mortgage investor. It is a wvital r in protecting him against depreciation of the property given him as security. Location occupies an important place in our system of safeguarding investors against loss. Great care and discrimination are exercised in making loans only on properties which are in locations of perma- nent investment worth. Our 64% a_nd 79 First Mortage Bonds are strongly property, . For information about these bonds , write or telephone Main 6464. Smith Bonds Are Safe Bonds _—nm NO LOSS TO ANY INVESTOR IN 51 YEARS e F'H.SMITH COMPANY ounded 1873 FINANCIAL TURN IN BUSINESS SEEN. | First Mortgage Loans Lowest Pittsburgh Industrial Leaders Re- Rates of Interest and Cummissien Prompt Action port Encouragement. | Thomas:J. Fisher & Company, Inc. Special Dispateh to The Star. PITTSBURGH, June 11.—While ad- 738 I5th Street mitting that trade is slow in this dis- trict, business interests are much en- couraged over the tone of advices is- sued by big industrial eoncerns These carry the implication that the lull will be only temporars. Building operations are active, and wholesale BTocers report their business is steady to good. Plate glass plants are up to capacity, and there is a steady call for window glass and tableware. William S. Phillips I5TH ST. AT K N.W. First 7% Mortl;:.ges $250 and Up Main 4600 YOU DESERVE SAFETY B. F. Main 2100 Be SURE that the money, which cost vou such effort to acquire, is safe, by investing in our 7% FIRST. MORTGAGES !~ SAUL CO. 1412 Eye St. N.WE 3 : . = % z = . : : INVEST YOUR SAVINGS In Our FIRST MORTGAGES “The Safest Security on Earth” U % Interest - Denominations $100 to $10,000 : JMORRIS CAFRITZ: CQ. 1418 K Street N.W. Main 617 Northwest Residential and Business Property Only Your Interest Payments— on these 6'2% irst Mortgage Investment Notes are sent you promptly as they fall due. There is never any delay or in- convenience to you. Denominations as low as.$100 MAN rany Main 3530 Iy We Pay You on your Daily Balances Interest on checking accounts on daily balances — compounded monthly. Interest on ordinary savings ac- counts — compounded quarterly. Interest on special savings cer- tificates — compounded s e m i- annually. he Munsey Trust Co. Munsey Building Pa. Ave., Bet. 13th & 14th Sts. N.W. = = The issne price to the publio is 94. *Ex dividamd, mess to accept lowered pricesa. R— l‘