Evening Star Newspaper, June 14, 1924, Page 13

FAI:N BUYING VERY SLOW AT CENTER MARKET — Commission Men Report Extra Quiet Week in Local Whole- ' sale Trade. [RECEIPTS ALSO LIGHTER ViButter and Egg Prices Remain TFirm—Vegetable Review. The Washington whoiesale market for meats, live stock and peuitry Products clesed what some dealers de- clared to be one of the dullest weeks expertenced in a long period. Buying Was not active and receipts were not ©overabundant due to continued rains. ‘which affected the roads and tempered The spirits of the producers. The meat market today was virtual- 1y cleaned up. Jobbers In butter and e£®s reported no change in prices and very little business. Products on the commisson market stood about the same as yesterday and considerabl: towl was in evidenoe. + _Tho Department of Agriculture's re- rort af the vegetable market here fol- lowsz Today's Vemetable Market. Cabbage—Supplies moderate; de- mand light: market steady. Home- Erown, uncovered barrels tvpe, $150. Cantaloupes moderate: demand moderate: fairly steady. California, llev, salmon tints, ponys, and 455, m . mostly Supplies moderate stock Uneedas fair _quality: medium Yorth Carolina_6s, Mayflowers, #ium size, 2,00a2.50; some poor condi- tion, decayed, 50c. Potatoes—Old stocks supplics moderate; demand modarate; market fairly steady. Michizan, 150-1b. sacks, russet rurals, T No. 1, mostly 3.00 per sack. New «tock; supplies heavy; demand mod- <rate; market slightly weaker. North snd South Carolina, cloth top slat barrels, Irish cobblers, U. S. No. I, 2.75a3.25; few, 3.50. Plenty of Strawberries. Strawberries—Supplies liberal: de- yrand moderate; market fairly steadys homegrown, ates.” variou. : mostly, 3.00a Tomatoes—Sup- @lies “moderate: demand moderate; Tnarket steady: Florida, sixes, Tipes and turning, wrapped, best fanc, 50 % few 4.00, choice count. 0a few 3.00, some fair condition: fancy and choice count, 1.00a2 Watermelons—Supplies limited; de mand lght; market fairly steady: Florida. bulk per 100 melons Tom Watsons, 27-25-pound average, 72.00 #100.00. String beans—Supplies lib- ral; demand moderate. market teady: North Carolina, bushel ham- ers, green, 1.00al.50; Virginia-Nor- i section, i-peck hamper: 042.23, few 2.30. Peas—Home- supplies moderate demand ‘market firm; homegrown, bar- large and small pods, 9.00a10.00. icumbers—Supplies moderate; de- ; market dull; South Caro- No. 1, mostly 1.50; ion, % bu. ham-| 0: choice, 1.50. moderate; de- firm: North Caro- 3.0025.00; mostly pers, hotbed fancy, Dewberries—Supp mand good: marke: na, 32.qt. crates, 4.0024.50, Cars on Track at § A.M. Today. Bananas—3 unknown freighi: 1 broken car on track. Bee Virginia boat. Cabbage— Virginia boat. Cantaloupes—1 fornia freight, 3 broken and Yroken cars on track North Carolina expres: Virginia boat. Cucumbers— crates, North Carolina; 20 c crates Cali- un- sinfa boat: 1 broken gplant—63 crates, Florida express. Mized vegetables broken cars on track. Mixed fruit—l broken rrack. Lemons—1 broken car on track. Onions—2 unbroken cars on track Oranges—1 Florida freight, 2 broken ard 4 mmbroken cars on track. Pep- pers—40 crates, 1lorida_expre Po. tatoes—1 Michizan, 5 North Carolina 2 South Carolina fr 737 bbls orth Caro! : 13 broken and & unbroken track. Squash— crates, N Carolina: 58 Strawb Carolina expr baskets, North car on track crates, Nortl ring beans—4 expres 4 boat; 1 broken car on Florida freizht tes Georgia ex cars on - track rida freight: 1 un. . Tomato 70 crates Florid Watermelons—1 broken car on Georgia freight: 1 crate ina express: 1 broken and cars on track. Pineap) 1 unknown freight: 1 unbroken car on track. Lima heans—45 crates, Florida express aro. 2 unbroken COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY DETROIT, June 14.—Hupp sales for May totaled 3,300 cars and schedule calls for year Mav sales totaled 4300 and June, 3.800. Lincoln sales shot up to 588 cars in May, 106 more than in April. Hudson May output was ap- proximately 11.000 cars against 10,- 200 a year ago. HOUSTON, June 14—Althouzh one agepey for Shipping Board ves: has been withdrawn from gulf serv- icn, assurance is given by local ship brokers that tonnage for the fall movement of cotton from Texas ports will be sufficient. Foreign exports out of Houston for May totaled 33312991 in value. PRINGFIELD, 1il. June 14— ighty-one lllinois coal mines work- G 2,852 hours in May and were idls 11902 working hours. These figures ompare with 4,078 working hours (and 9,305 idle hours & vear ago. PORTLAND, i‘)rei.. June 14—Tho largest cargo O umber ever load- P‘fl on one vessel will be lifted by the Big | Luckenback frelghter Louis Luckenback, which will carry 7.500,- 005 feet to New York, sailing within ten @AyE. PITTSBURGH, in stecl Jure 14.—Price this week were shapes and 20 cents, al- plates are auoted at L s ing done on though 2.15 cents is plates. 1] une 14—Most of = hers are on full me. 71,040 workers are on part time, S ared with 7,188 on full time. Tn miscellaneous textiles, however, only stxty workers are on full time and 691 on part time. AZELTON, Pa,, June 14—The P:\mmm Power and Light Com- pany has started preliminary work on the $8,000,000 power project at Hawley. Over 2,000 men will be em- ployed. The plans provide for for- mation of a lake fifty-one miles in circumference to feed the big tur- bines. —_——————— WOULD PREVENT PANICS. BERLIN, June 14.—In order to pre- ent unsual fluctuations observable bn the Berlin exchange recently, the anks have created a stabilization md to be used for absorbing large blocks of stock thrown on the mar- at. It is hoped that the mere readi- oms of the banks to help in stabiliza- len twill havethe proper psycho- gical effel on the stoek gamblers. The financial expert of the Berlin er Tag estimates the stabilization ind proyided by the bankers will tal 5,000,000 marks. green, | 17 crates, | Carrots—30 | car on| the June | 500 to 3.000. Last | ANCIAL Received by Private Wire BY WILLIAM ¥. HEFFERNAN, NEW YORK, June 14.—The firmness Which characterized dealings in the |curdb market throughout the past week was still in evidence in today's c'esing session. Special attention was given to radio stocks and those of public utility companies, but improve- ments was moderate. The 50 cents a barrel cut in Penn- sylvania Crude Oil, announced be- fore the beginning of business was taken as a readjustment to the re- cent reduction in Mid-Continent prices 2nd had no effect upon the market for the oil stocks. Numerous members of the Standard group, after fraction- al losses at the start, sold above Fri- day’s final. Standard of New York at 39% gained almost a point, the Kentucky . NEW_YORK, June 14—Following is an official list of bonds and stocks traded in on the New York Curb Mar- ket today: Saj n thousands. Antilla Sogar Ties 13 As Sim Hardw TALGE&WISS 6B & O 6s Cowi 8 Deere & Co Tis.... Detroit City Gas 65 108 23 Detroit Edison 6s. 5 Dunlop T & R 7e... Fed Suzar 6 1 Asphalt 85 neral_Pet d Tronk 6} it 0il 5 S Inter Match 6 Keanacott Cop 1 Libby McN & L 1 Liz Win Lig re e 1 Manitoba Power 9 Nor St Pow 6 10 Nor st Pow 6% 21 Pean Fow & Lt 5 1 Phila_Blec Sks. | 3 Vacoum Oil 7s.. Webs Ni 8% wi FOREIGN BOND: 12 Russ Govt efs Sks. 1 1 Russ Gov 8ias N ctx 1 Solvay & Co s "34 B 100% 3 an: . 100 20 Cumberland P 10 Eureka P 1 | wmeL 23 Tmp 01l of Can | omiPL ; 1100 Intern't Pet G’ 1id 2 NV Tranaie 130 Pratrie 01 0 bratrie P L. 20 South Pean O 2800 X : 1001, 8 400 Vacoum Oil new 10 Washiogton Oil ... Sales INDEPENDENT OIL STOC 1 Cities Serv “B" cfs | $1.000 Cities Serv C serip Lago Tet s Livingston et L. Mariand Margas 01l | Prod 10 Penn Beaver Oil | Pengoek 01l | | Hea Rank Oil new | Roval €an 0 & R Salt Ck Prod Sunstar OIl x Wilox 0l & Woodley Pet 1080 INDUSTRIALS. Ailied Pack pr pfd 20 }Am Gas & Eler 0fd 44% Am Gas & K1 nw wi 70 | T 1At | . pfd. 81 3 12214 | 1 Appaine Pow & 1t | 1 Rarden & Co rs ReltAmer Tob Gas. BY STUART P. WEST. Speeial Dispatch to The Star. NEW YORK, June 14.—Wall street during the last week has had its mind upon three toples—politics, money rates and trade news. In securities which are above the vicissitudes of business, where there would be no question about the maintenance of current payments even in periods of great depression, the tendency has been strongly upward. This class of investments are valued according to | luctuations in the interest rate, and |they have been going up because, with money as cheap as it is now, security buyers must be content with a lower return. Enormous Funds Avallable. The investment situation bears some rese:\blance to that of two Yyears ago. At that time there had been a great accumulation of surplus capital, the aftermath of the deflation of 1!20-21’, The recent business recession bas, o course, been nothing comparable, but it has released large sums from trade e some $650,000,000 has been Besides, afl:!:fl to money supplies through the y-four old imports of the last tweaty Bold hs ln 182% the bond market Wont up steadily through the sum- mer, reaching its peak with the fiota- tion of the long-term ‘Treasury % per cent bonds early in the autumn. Hhere was a renewal of the move ment in the early part of 1923, but it proved only temporary. The checl came through the overdoing of things 5y corporations anxious to raise new omey. and by banking syndicates, ik handsome profits in view, ready %o give them the fullest encourage- ment. & E far there has been no indica- tice that mew security flotations are Fetting at all excessive. At least fhey Are far away from the stage reached in the first six months of 1625, Yet, according to past experi- ence, a money redundancy like the present usually ends in one or both of Iwo ways, first, through an abnormal Sutput of new capital issues, and sec- ond. through renewed activity in frade taking up the credit slack. Political Outlook No Olearer. With the Republican convention over, it cannot be said that, from a Wall street standpoint. the pelitical outioek is any clearer than it was before. b The most signifieant thing, un- doubtedly, is the strength of a good part of the railway share list. As s well known, the motive has been the probability that under the encourage- NEW YORK CURB MARKET Direct to The Star Office stock advanced a half point and Standard of Indiana was only frac- tionally changed. Realizing salas were felt for a time in Pennock Oill. car- rying it below 16, where it _was off more than a half point. Woodley was another of the independents which appeared under preasure. A feature of the market was the rise of almost § points in D. L. & W. coal shares. The upturn here was sympathetic with the strength in D. L. & W. railroad stock on the stock exchange. Speclal buying came into a number of other issues, cotably Wanner Falleable Casting, carrying the stock up more than a point from the last previous sale earller in the week. Dubiiier, after reaching a new top above 37%, felt the effect of profit-taking. The remarkable advanee in the low-priced Hall Switch Signal pre- ferred kept on, carrying it to 12, compared with Monday's low of 5 = e it] £ 2% ity 106 1024 18% ———————— 3 Brit-Am Tob Co reg 205 1 Bkiyn ity B R. 1273 13 Candy Prod Co w | 1 3 Car Light .. ..o 1 Commoawealth Pw 3 Cuba Co.......... 1D, L&WCoal ... 1 Detroit Fdison new 1 Doviler Die Cas wi 11 Dubilier C & Rad! 1 Durant Mot 1 Du Pont Mol 1 Eust P Rlee « o FElec Rond & Sh pt. md Mot Co Can. 2% 127% 1% 3% 33ty 1043, a5 lg:x an 101y 279 3 Hudson & M? R 1 Hudson Co pf.... 1 Kresge Dept’ Stores Keystone Solether, Lebigh Power sec. . 243 Lehigh V ¢ 2 Mesabi Jron ... 1 Nai Tea Co new w 1 i phone Co 1 & 1 new Tenn Elec Pow obacco Prod Todd Ship.... Thompson Ead wi.. United Bakerles.. . 2 Waoner Mall © wi 17 Ward Bak Cor pfd. 8i% 1 Waring Hat Mfgwi 114 MINING. 15 Black Oak Gold M .77 10 Butte & Western.. .15 Culaveras Copper. Canario_Copper 30 Cortes Silver ... . 1 Cresson Gold . A% 30 Diamondfeld Bl Bu .11 15 Engineer Gold M Ltd 22 Harmill Div ... . .08 >0 Hawthorne Mine in 0 Hill Top Nevada Holtiager Hecla_ Mine 100 Jib Cons s 24 Kay Copper Corp.. 10 Tone Star ... - —— BOSTON STOCK BOSTON, June 14.—Following is a| list of today's highest, lowest and closing prices for the most active stocks dealt in here Am Tel & Tel Am Weol . High. Low. Close. 1248 | Prom the London Telegraph. | | Boston & Albany. Boston & Maine. Calu & Aris. | Eaison Eiec ray & Davis Toand Creek Toew's Theater | Monaw Now* Cometia 11 New Dominiea & New Eng T & T NY,NH&H Orpheum _Cireuit Facine Mitls S Mary'e Land.l Swift & Co.... Tnited Pratt : United Shoe Mach... United Shoe M Ventura OM Warren Bros The Mundane Man. ‘ % | From the Japan Advertiser. Margarei—1 don't understand why te to marry me on | Why daddy savs my | never cost more than that. Archite—But, precious, we | have something to eat.” Margaret—Oh. how like a man! | ways thinking of his food' ———— No Name. Friend of the family—Well, Peggy and what's your little brother's name’ | Peggy (whose baby brother is not | yet christened)—Mother and father have not decided vet, so he's remain- ing ent Politics, Money and Trade News Biggest Factors in Week’s Markets Rise in Railroad Stocks Shows Little Fear of Con- gress—New Securities Well Absorbed Even at Lower Returns. plans for consolidating the railway systems into regional groups will gradually be put through. It is not at all sure that this will enhance the value of low-priced non-dividend-pay- ing railway stocks, but it makes good | speculative argument to assume that such will be the result. 1 Railroad Shares Strong. The point is that the selection of railway shares for leadership at the juncture when political affairs are coming to a head denotes“no par- ticular uneasiness over the outlook for future raillway legislation. The Republican platform calls for lower freight rates and a possible amend- ment of the transportation act. The radical faction, taking its stand on government ownership and relying upon agricultural discontent. has ex- | pressed confidence that it will be able to throw one presidential election in- to Congress. In this event it would hold the balance of power and would be able to force some sort of anti- raliroad policies upon the winning candidate. All this with the uncertainty as to what the Democrats are going to do would not seem to make a proper setting for a rising movement in rail- Way securities. Yet this is what bas been going on. and the conclusion must follow that while sentiment may change later on, at present it is confident that holders of railway se- curities are not going to find their position altered by what happens next November. ‘Whest Situation More Favorable. The advance of § to 9 cents a bushe! which promptly followed the govern- ment wheat report may prove a fac- tor in calculations, both political and financial. It has hardly been a suf- ficient recovery to restore the wheat industry to a profitable basis. But the offictal figures showed that, through the cut in acreage and the extraordinarily backward spring, the wheat crop indications were the low- est in seven years. It is too soon to draw positive conclusions. All that can be said about the wheat situation at the moment is that it has improved considerably from the standpoint of the farmer. Stock Market Continues Irregular. The stock market has continued to move with great irregularity. After | all, trade conditions, as they differ between the various industries, have counted more than anything else. The action of the federal reserve banks in reducing discount rates encouraged a renewal of buying operations in some directions, but the movement Wwas very far from becoming general It did not include the stocks of in- dustrial corporations, the immediate business ontlook for which is uncer- tain, and_in this category were & number of steels, most of the oils, th Sumars. the coppers, the mators and ment of the regulating authoritics,|the woolens. | Week after an unexpectedly big cut {once apparent there is mo natio % | pared "with 430.000,000 bushels | year gave an additional stimulus to |demand for wheat. Millers at Minne- | ana. WEEK SEES SHARP ADVANCE IN WHEAT Prices Soar as New Government Es- timate Indicates Much Lower Crop Yield. WORLD SHORTAGE HINTED Corn and Oats Go to Higher Levels. Lard Improves. By the Associated Press. CHICAGO, June 14.—Soaring prices for wheat have been witnessed this in the government estimate of the 1924 domestic crop. Wheat this morning, compared with a week ago, was 6Xa8% to 7% higher, corn 3% to 4 up, cats showing 1% to 2}%a2y galn, and provisions varying from 15 decline to 17a20 advance. Lower Yield Predicted. OMclal forecast of radical curtail- ment of the probable yield of wheat in the United States this season took traders almost completely by sur- prise. The gRovernment figures point- ed to so much greater shortage than private experts had looked for that buying suddenly broadened out on a huge scale. Resulting steep upturns in price gathered decided further im- vetus from an opinion which a lead- ing authority here on grain expressed that farmers would be able to put wheat and rye values very high and that a northern hemisphere crop shortage existed the world over. Canada Outlook Alse Poor. Predictions that the Canadian north- would harvest only 275,000,000 325,000.000 bushels in 1924 com- last to apolis were said to have been espe. cially active in acquiring ownership of future deliveries, Foreigners also were credited with doing likewise. Then, t0o, uneasiness over possible damage by a hot wave in the south- west tended later to uphold values despite profit-taking greater than seen before iff months. Cern and Oats Advance. Corn and oats advanced with wheat, Besides, unfavorable crop conditions made the feed grains as well as wheat touch new high-price records for the season. SURPRISING CHANGES | First Mortgage Loans WE FINANCE Lowest Bates of Interest and Commissicn. IN NOTIONS BUSINESS Bobbed Hair Puts Big Crimp in Hair Pin Sales, But Boosts Curling Irons. SUSPENDERS LITTLE USED Low Shoes, With Straps, Prove Blow to Shoestring Sales. BY J. C. ROYLE. Speciai Dispateh to The Star. NEW YORK, June 14.—The Ameri- can public is likely to take a notion at any time, bat it cannot be counted on to buy notions. Retallers and manufacturers of some lines which have been steady sellers for years are complaining bitterly in consequence of this tendency. Among those particularly affected are makers and retailers of hairpins. One man In the notion business here declares that the vogue for bobbed hair has resulted in a tremendous de- crease in the use of these articles. The call for curling irons has in- creased, however, as many women cannot afford a permanent wave every three months. ’ Suspenders and braces have suf- fored until the amount of such prod- ucts manufactured here has dwindled to meager proportions. Even foreign sales have ovidenced a falling off. New Zealand is the best foreign cus- tomer for suspenders, and even there the latest reports sh shipments amount to less than $2,500 a mon Sleeve Elastics Disappear. Elastic sleeve supporters which formerly were sold in nearly every country _store have almost disap- | peared, but more garters are being sold than ever before. In the case of the feminine contingent, this is attributed to the partiai disuse of the corset. As to the men the popularity of knickers and low shoes has fur- nished the stimulus. * Dreas shields, which once were a staple article in the show cases of notion dealers and which were made a part of nearly every feminine cos- tume are nearly obsolete. Dealers say the borrowing of husbands’ and brothers' razors ~and the use of chemical anti-sudorifics are respon- A new feature in provisions better export call for lard. EVERYMAN’S INVESTMENTS By George T. Hughes was THIRTIETH ARTICLE. Gavernment Bomds. Bonds may be classified under four general heads. First, there are gov- ernment and municipal bonds. Sec- come the obligations of rafl- roads, third, and fourth, those of industrials. A well balanced list will contain repre- sentatives of all these classes. There are advantages and disadvantages connected with all four. The difference between the government issues and the other three is more marked than are the distinctions among the rest. Generally speaking, a government bond bas mo_specific seeurity such as is back of a railroad or an in- dustrial corporation issue. There are a few foreign government is- ues, mostly of countries of relative financial weakness, which are a specific lien upon certain custom revenues or internal receipts, but these are the exception. For the most part a government bond depends for its rating solely upon the credit of the government. So when one speaks of the safety of any particular government issue what meant is the financial st bility and the reputation for meeting its obligations of that particular country. The only two points to be considered in the case of a govern- ment bond are the ability and wil- lingness of the borrower to make pavment of interest and principal at the appointed time. Everything else m be disregarded. w it at o carth that stands so high in both of these respects as the United States. Liberty bonds, therefore, de- mand the highest price in all’ the markets. No one is insane enough fo doubt that the pledged word of this government will be kept and every one recognizes that there is no other country with such enormous resources back of the pledge. Apply these : ment bonds of other nations and you have a guide to their investment rat ing. You will find that Canada and Great Britain rank next. to the United States with such countries as Hollan and Switzerland ot far behind. ht, 1924, by Consolidated (OopyTight. Ol feen ——————— | BUTTER PRODUCTION INCREASES DURING WEEK Receipts, However, Fall Off in Blg‘ ‘Markets—Prices Change But Little. By the Associated Press. CHICAGO, June 14.—Although pro- duction of butter increased, receip's at the four principal markets were | About 7,000 tubs lighter than for the previous week, and movement of Righ-cost butter into storage was relatively less than during previous ¥ oiers aisplayed but little inclina- tion to take the top scores at seilers’ price, and jobbers on all markets bought only for current meeds. Improved weather and pasture con- ditions in the producing sections in- dicated a continued increase in the make over last year, with creamery associations reporting increases over last year extending to 7.6 per cent. Receipts maintained a good guality. Imports were light, amounting’ to 470 boxes of Irish. Some Argentine and Holland is due to arrive in New York today. Closing wholesale prices and price runge, 92-score butter, follow: Chicago, unchanged at 39. New York, 1 higher at 41%: Boston, 1 higher at 4114, and Philadelphia, 1 higher at 42%. —_— Western yellow pine in the south- west grows highest during the driest month of the year. those of public utilities, | tests to the govern-| ON FIRST MORTGAGES AT CURRENT-RATES-OF-INTEREST - 1207 Conneclicat Svonas sible. Shoe laces are not in their old-time | favor. Since the passing of high shoes for women, and the fashion for pumps and strapped low shoes, these articles have declined in popularity Prempt Action ‘Thomas J, Fisher & 738 15¢h Street EIRST MORTGAGES FOR SALE THE TYPE OF SECURITY CONSERVATIVE IN- VESTORS BUY IN DENOMINATIONS TO SUIT PURCHASERS JAMES F. SHEA - 643 Louisiana Ave. N.W. y, Inc. [EQUITABLE Co-Operative Building \ Association I Organized 18579. 44 YEAR COMPLETED Asscts . 34 Surplas. . Save as You Earn A B Sulmecription for the 87th Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F ST. N.W. JOHN JOY EDSON, Prestdent FRANK P. REESIDE, Sec’y. | Ui:ion/D;l Company, Inc. (A New York Corporstion) Common Dividend Notice is hereby that a dividend of seventy-ive cents (15 centa) o share on the Common Stock of this Company will be paid on July 1st. 1924, to steckhoiders of record at the close of business Jums 28th, 1924. JOHX B. PETERKIN, Treasurer New York City, Juno 3rd, 1323 . Established 1899 Real Estate Notes with & decided effect on the D!‘DflLS| of some silk manufacturers. | Umbrella Sales Drop. | Umbrella manufacturers are com plaining of the smallness of sales, although the season in nearly all sec- tions of the country has been one of | heavy precipitation. Dealers claim | the popularity of raincoats and water- | proofed garments. the use of auto mobiles and the availability of tasi- | cabs fn most cities has much to do with this trend. Fashions in neckties coms and go. but the day of the madeup neck | adornment is regarded as over. | Nevertheless there are two itinerate | merchants in the financial district of | New York who do a thriving business in_made-up bows and four-in-hands, with old timers who decline to tie their own. The places of some of these articles have been filled by others developed by present day conditions. The pow- | der and rouge compact is made and sold in scores of designs and price ranges, and cigarette holders and cases are enjoving heavy sales among | both men and women. Quantity Is Big Factor. Noveities which cannot be produced and =old in large quantities apparent- ly make little appeal to American manufacturers and dealers. Anthony H. Geuting of Philadelphia, widely known in the footwear industry who recently returned from abroad, de- clared today that in neither styles, price nor workmanship are foreign | shoes and stockings superior to those of the United States, but that when | an ultra extrems novelty in foot- wear is desired it is necessary to g6 to France or at Britain if any quantity is required “In France, for cxample” he sa “they made a stocking on a fifts- guage machine, which we do not| make. 1t is the filmiest. gauziest stocking imaginable vet it gives serv- ice. The hand-fingered Scotch woolen socks for s=ports and golf cannot be secured elsewhere than Scotland. Shoes where delicate handwork is required—the kind of work we might do if we were not so impatient—must be imported if more than a few pair are desired. All in all. however, our manufacturers cover 90 per cent of our needs in footwear in a better way ‘[lha.n can those of foreign countries.” | T e Ask Your Banker. How much real value stands back of the stock you are asked to buy? Are vyou sure that the nice, honest- looking stranger is telling you the truth? Ask vour banker to look into what he claims. HAS $51,802,841 IN CASH. NEW YORK. June 14.—Total assets of $415176.705. including $51,802,841 in cash. are shown in the balance sheet of the General Eleotrioc Com- pany as of February 29 last, filed in_Boston. Inventories aggTegated $128.655.702 and accounts receivable, $37,283,114. Fi 7 ¢70 Mofll;tges $250 and Up William S. Philli ps TH ST. AT K N, Main 4600 Wanted Second Trust Notes We have clients with funds to purchase good SBECOND TRUST NOTES in denomin; tions of from $500 to $10,000. Low rates if security is good Apply at Once to Our MORTGAGE DEPARTMENT [SHARON & LUCEY 713 and 715 14th Street NW. Main 2345 For Sale In amounts from $250 up to $1,000 or more. WELCH Losan Specialist 15th and N. Y. Ave. Main 4346 References: Any Bank, Trust Co. or Title Co. in the District. No loss to an investor in 25 years 5Y%2% Money to Loan on Business Property W. H. Saunders Co., Inc. 1433 K St. N.W. Consmit Realtor Money to Loan Secured by first deed of trust on real estate. Prevailing interest and eommission. Joseph 1. Weller .74 % & Tt D. Wash.,, June 10, ° Pay to the order of Mrs. Thrift $35.00 for 6 months' interest due June 10, 1824, on first mortgage note purchased through our Mortgage Department. This is a facsimile of the many Checks leaving our office daily to investors in our 7% First Mortgage Notes (83 Note the date due and time sent.) Once you invest in first mort- gages no other form of investment will appeal to you. Send for com- plete details. Notes now on hand $100 up. Chas. D. Sager 924 14th St. Lean Dept. 38 Main 37 To Lay the Foundation For Your Financial Independence— Start Buying First Mortgage Notes— You Can Do So With $10.00— They Pay 6% & 7%— No Risks— No Losses— No Depreciations— No Delays. Mortgage Investment Dept. IO & Tues) 713 & 715 14th St. N.W. Maim 2345 (A New York Corporation) Preferred Dividend R i this Company, at the rete of 7% per angum will be paid on July 1st, 1024, to steckholders of record at the close of buminess Jube 30th At 6 and 6% Interest Before Placing or Remewing Your 1st or Znd Trust Consult WELCH, Realtor Loan Specialist 15th and New York Ave. Maim 4346 Office Space for Rent New Building Now Nearing Completion 923-925 15th N.W. Long Lease Reasonable Rent B. F. SAUL CO. 1412 Eye St. NW. YOUR SAVINGS In Our FIRST MORTGAGES “The Safest Security on Earth” 7% e Denominations $100 to $10,000 1416 K Street N.W. Matn 617 Northwest Residential and Business Property Only 63 or 7% How Much Longer? E still have on hand some first-class First Mortgages which are paying the above return, but conditions are changing, and we cannot say how much longer we will be able to obtain it. If you have no money for invest- ment now, we suggest that you make a reservation for your future funds, before you leave for your summer vacation, to insure receiving this high interest rate. Swartzell, Rheem & Hensey Co. 727 15th Street N. W. .55 Years Without Loss to an Investor Capital and Surplus Government Paydays —forecast extra busy times for “all hands” at this bank. 1 Our proximity to so many of the departments —our convenient hours and es- tablished prestige —serve to make this old institu- tion increasingly popular with federal workers and others. PWF-Same Rate of Interest Paid on large and small accounts—deposits invited in any amount. Open Until 5:30 P.M. June 16 OFFICERS: WILLIAM D. HOOVER. . ‘WOODBURY BLAIR FRANK W. STON » b2 e 5] Prsident V. Pres. E. ¥ # BRUCE BAIRD . DAVID BORNET . Asst. Trust Officer Woodbury Blair James A. Buchanan William A. H. Church Walter C. Clephane H. Roster Dulany, Jr. Wm. E. Edmonsten Frankiin H. Ellis Frederick A. Fenning H. Prescott Gatley William D. Hoover Reginald S. Huidekoper Victor Kauffmann Charles Minshall ¥dmund D. Rheem Frank Stetson Frank W. Stone William H. Walker Henry K. Willard ational Savings & Trust Co Oldest Savings Depository in Washington Cor. 15th and New York Ave. i Deposit Boxes at Nominal Rentals