Evening Star Newspaper, June 19, 1924, Page 29

FINANCIA NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office EGG PRICES HIGHER AT CENTER MARKET Charges Advance in Spite of Hot Weather—Butter Quotations Unchanged. ) TvE STOCK BIT WEAK Meat Dealers Report Business Activg—Vegetahle Review. Eggs were surging ahead on the Washington commission and jobbing market today regardless of the hot weather which has had a tendency to dampen the activity of many other products in the meat, poultry and livestock line. Selects were bringing * from 30 to 32 cents, jobbers reported, while candled straight run stood at around 28 and 29 cents a dozen. Bute ter was unchanged. Chickens and hens, although much fewer in number on the commission market today, still were understood \ o be weak but no great change in pricgs was reported. Livestock, ex- cept lambs, also did not fare very well The meat dealers had a little less activity today but their products were moving nevertheless. The Department of Agriculture's report of the vegetable market here follows Cantaloupe Supplies Heavy. Cantaloupes—Supplies heav mand good; market slightly weaker; California, Imperial Valley Tints, standard 45s, 2.50a2.7 ' tpecial marks 25 higher; jumbo 38s and 45s, 2.75a8.00; ponys 54s, 1.75a 2.00: flats 125 and 15s, 1.00. Cab. bage—Home-grown supplies moder- ate; ~demand moderate; market steady; home-grown, uncovered bar- Tels, ~ pointed ~ typé, mostly 1.50. Peaches—Supplies moderate; demand moderate; market steady: North Car- olina, 6s Red Birds, large size 4.00: medium size, fair quality, 23.00; many decayed, wide rang prices, 1.00a2.00; Georgia. 6s Uneedas, soft, overripe, some decayed, 50al.50.— Potatoes—Supplies light: old stock, no sales reported; new stock, demand moderate, market firm; North and South Carolina, cloth top slat bar- rels, Irish Cobblers, U. S. No. 1, 3.00a 3.25; Virginia Norfolk section,’ cloth top 'stave barrels, Irish Cobblers, U. S. No. 1, $3.50. Strawberries—Home- grown supply liberal; demand moder. market steady. Home-grown, large size, all size, 1.75a2.50. Tomato plies modérate; demand good; steady; Mississippi, 4s, turnin ped, fancy count, 1.00al.15 Carolina, 6s, turning, wrappe: « count, 2.75a3.25, mostly 3.00 count, 2.00a2.50, mostly 2 mostly 1.50. Few Watermelons in Market. Watermelons — Supplies light: de- mand limited: market dull; Florida, bulk, per 100 melons, Tom Watsons, 27-28-pound average, 75.00290.00. String beans—Supplies moderate; de- mand moderate; market steady: Vir- ginia, Norfolk Section, 5-peck ham- pers, green mostly, 2.50; North Caro- lina, bushel hampers, green and wax mostly, 2.00. Peppers — Express re- ceipts light; demand moderate; mar~ ket steady: Florida. crates. fanc: 3.50a4.00. Eggplants — Express r ceipts light: demand moderate; mar- ket steady: Florida, pepper crates, Y Cucumbers—Suppl! light ; demand moderate ; market steady North Carolina, bushel hampers, No. 1.50a1.75; Virginia, Norfolk section, bushel hampers, hotbed stock, 3.00: choice, 1.75a2.00 Supplies moderate: demand moderate ; market fairly steady: North Carolina. 32-quart crates, best, 3.5024.00; fair condition, 2.00a2.50. Cars on Track at 8 AM. Beets—120 baskets, Virginia boat. Cabbage—36 crates, Virginia bi Cantaloupes—é California freight, crates, California express, and 10 unbroken cars on track. Ca Jots—1 North Carolina freight, 12 crates, North Carolina expres baskets. Virginia boat; 1 unbroken car on tri Sweet corn—125 crate Florida _ express. Cucumbers— crates, Virginia boat. Eggplant—Sj crates, Florida express. Grapefruit— 1_unbroken car on track. Lettuce— §5 crates, Virginia boat. Mixed vege- tables—1 South Carolina, 1 North Carolina freight: 2 broken and 2 un- broken cars on track. Lemons—1 broken car on track. Onions—30 crates. North Carolina express; 1 broken and 1 unbroken car on track. Granges—2 California freight; 4 un- broken cars on track. Peas—125 baskets North Carolina express. Po- North Carolina, 1 Seuth Carolina, 1 Georgia freight: 400 bar- rels North Carolina boat: 5 unbroken and 4 unbroken cars on track. Squash 5 baskets South Carolina, 365 b kets North Carolina express; 752 b kets Virginia boat Tomatoes—32 Mississippi freight, 122 crates Flori- da express; 4 broken and 4 unbroken cars on track. Watermelons—2 brok- en cars on track. Peaches—1 Geor- gia freight, 400 crates North Caro- lina express; 2 broken and 1 unbroken rs on track. Dewberries—56 crates South Carolina express. Blackberries —365 crates North Carolina express. ——— PRICE WAR LOOMS IN TIRE INDUSTRY Fisk Rubber Company Cuts Rates to Dealers Between 10 and 15 Per Cent. market wrap- 75 D the Assoriated Press. 3 YORK, Jurde 19.—Reports of & price-cutting war among the tire manufacturers which have been whis- pered about Wall street for several ddays were given color late yesterday, when the Fisk Rubber Company an- nounced a revision in pricés to deal- ers, the company stating that it has taken advantage of the low prices of raw products. While the amount of the curt was not given it was unof- ficially _reported to be 10 to 15 per cent. The severity of the competition in the industry recently resulted in one manufacturer giving away a set of wheels with each set of balloon tires. This was followed by another manufacturer giving away inner tubes for the tires as well as the wheels. The latest development is a cut in the prices of tires them- Jeelves. e 27,000 CARPENTERS AGREE TO 1.25 AN HOUR Special Dispateh to The Star. CHICAGO, June 19.—The 27,000 Chicago carpenters have virtually in- sured peace in the building trades for the next two years through their signatures to an agreement with the leading contractors of the city to run_until June, 1926, with a w: $1.25 an hour. Cement laborers,. who have tied up a large volume of con- struction, have returned to work. - NEW SHOPS ON SOUTHERN. Railroad Awards Contract—Work for About 1,500 Men. Construction of new shops for the Southern railway at Spartanburg, S. C. is to be started soon by the Dwight P. Robinson Company of New York, which has just been “awarded the comtract for the work. About 1,500 men will be employed at- th; 12 broken BY WILLIAM F. HEFFERNAN. NEW YORK, June 19.—Specula- tive sentiment was improved in Wall steeet circles today, and this was re- flected in the rise of various indps- trials in the curb market. Traders, however, were disposed to proceed cautiously. There were no outstanding fea- tures among the oils. But the point of significance was that this class of stocks paid little or no attention to the further increase in domestic pro- duction reported by leading oil trade authorities. New Mexico and Arizo- na Land reached a new high for the present move around S. The incen- tive for the buying appeared to be reports of an extensive drilling cam- DPaign in northwestern New Mexico. Other independents were little changed. Royal Canadian was taken again around b5%. It was reported that the Rogers Imperial well on property adjoining that of Royal Ca- fadian's had settied down to a steady Hudson and Manhattan common and Hudson Company preferred re- sponded to’ publication of the May carnings of the former company. The report disclosed a net after taxes of $478,846, against $461,751 in the month last year. Gross business was also substantially increased over May, 1923. American Light and Trac- tion common was the outstanding feature of the publio utilities, get- ting up 5 points before the rise Was checked. United Gas and Electric new advanced over 2 points. The recent rise in East Penn Electrio naturally called for a good deal of profit-taking, which resulted in the stock losing 3 points, Declaration of the regular quarter- ly dividend on Doehler Die Casting and the accompanying optimiStic statement regarding future business, stimulated activity in the stock at advancng prices. — e NEW YORK. June 19.—Following is an official list of bonds and stocks traded in on the New York Curb Mar- ket today: Sales in thousands. 2 Allied Pa. 2 Ainm 7 5 14 Allied Packers R Am Gas & Elee 6n 8 Am Rolling Mill 65 4 Anaconda 6s . 5 Anglo-Ame BONDS, High. 11y 108 Low. Close. /11y 2 Cit 7 Cit 10 Con 0 & Serv 5 ery Tx D Bal Sh ns Textiles Ss.. P&BM 8ls A Wi 5 Cudahy 5s . 8 Deere & o Thax.. 6 Detroit City Gas &s 3 Detroit Edison 6. 26 Dunlop T & R _7a.. 3D L P 5¥s B wi 10 Federal Sugar 6s 33 2 Fisher Body 85 13 Gair. Robi 7¢ Gen_ Asphalt 8s. General Pet ... Grand Trunk 8% Gult 01l Stas...-. 8 Inter Mateh 0%3 w 3 Lehigh Power 6s 7 & L7 Leather Ss..... at Dairy Pr 7s wi. 2 New Orl Pub S Web Mills 6w wi. 10 FOREIGN BONDS. 1 Italian Power 615s.. 083, 1 Kingdom of Neth s 9 5 King of Neth 6s ‘54 08% 2 Republic of Peru 85 91 14 Swiss Govt Sl4s..... 997 14 Swiss Govt Ds.. Sales STANDARD OIL P L Chesebh Mtg Eureka P L 10 Gal 8'g Oi 00 Humble O & R new Imp Ol of Can 3200 Tater] Per Co Ltd £ Kentucky N Y new. Ohio_pt. Vacoum Ofl pe’ Sales INDEPENDENT OIL STOCKS. in hundreds. 2 Barrington Oil 3 Boxton Wyo O .. “itiex Serv s g.0g Citiex Serv Cities Serv $1.000 Citieg Nerv C serip $3.000 Cities Serviee scrip 7 Creole Synd 10 Darby Pet .. 11l 3 Derby 0 & R wi 10 Ertel Oil ........ .0; 4Gl Ol vot tr ot Washington Stock Exchange. BALES. Washington Gas #x '33—$100 at 101, $300 01, $1.000 at 102. at_1 ‘Washington Rwy. 10 at 761, & Elec. cons.—10 at 8, AFTER CALL. Capital Traction Co.—10 at 92%, 10 at 02%. Money—Call loass, 5 and 6 per cent. Bid and Asked Prices. BONDS. © PUBLIC UTILITY. Ameriean Tel. & Teiga. ds.. American Tel. & Telga. 4%4s. Am. Tel. & Tel. ctl. tr, ba. Am. Tel. & Tel. conv. 6s.. Anacostia & Potomac Gs. Anacostia & Potomac gua C. & P. Telepbone 5s. C. & P. Telephone of Va. 5. Capital Traction R. R. Georgetown Gas ist Se. Metropolitan Potomac Elec Potomac Elec. cons. 5s. Potomac Elec. deb. 6. Potomac Elec. 8s 1953. 5 Fot. Elec. Pow. & m. & ref- 7. 108% W & s Alex. t. Ver. be.... 80 3 28 Wash., Balt. & Ansap. Washington Gas 5. Washington 8s. Wash. Rwy. 1017% e A MISCELLANEOUS. D. C. Paper Mfg. 8. Riggs Realty 55 (log). Riggs Realts Us_ (short). Southern, Bldg. % Wash. Market Park Hotel 6s STOCKS. PUBLIC UTILITY. American Tel. rts.. American Tel. & Telga. Capital Traction Washington Norfolk & NATIONAL BANK. capital Columbja Eommerciai’ mera & Machimics Federal-American Bank. Liverty Lincala 5883338 ational Second s Nationsl Bank of Washington.. TRUST COMPANIES. Ameriean Security & Trust. Continental Trust. Merchants® National Saving Union Trust. Washington ggag SAVINGS BANK. Commerce & Saviug: East_ Washington. Security Savings & Com. Seveath St Taited Stat Washington P American Coreoran Firemen' National - TITLE INSURANC = MISCELLANEOUS. . C Paper_pfd. p Deschants” Fanster & Storage. i 9 Gulf Ol of Pa. 57 Lago Pet . # Mount Prod . 12 Mutual Ofl vot efs. auteau~Ea EY 54 10% .08 Wilcox Ofl & Woodley Pet L 2 i INDUSTRIALS. Adirondack Pow Am G & E) ne Am L & Tract ... Am L & Tract ptd 91% Am Type F ... 97 Appalac Pow ‘& Lt 81% 81% Borden & Co ...... 11874 1187, Borden & Co rts 1 14 Rlyn Shoes Ine % 1 .m(' [ 8 348 71 131 % o7 = EEEE PP Commonweaith 'Pow 923 " Contritoen T i 3 entr r Pipe 321, 1 De Ed R ew T 10 Doehler Die Ous 11 Dubilier C & Radio 1 Dunhill Intl Ine 1 Durant Mot ... 10 Du_Pont Motors 3l Esst Pa Elec... .. ix Eiec B & 8 pfd 1% Elec Rwy Secur (o 3 FAW Grand wi 13 Gillette 'S R.. 1 Glen Alden Ceal . 20 Hazeitine Corp_wi 10 Fudson & Man B R 10 Hudson Co pfd. .. 3 Int Cont Rubber .. 2iy 5 Keystone Solether.. 11y 1 Kresge Dept Stores 46 2 Lehigh Power sec.. 275 Lehigh Val Coal... 320 Lehigh V C new wi 1 McCrory. Stores G HeBEERE . BEY: Corp pfd.. Mot s So C & 1 new % Ten Elee Power.. 1 Tenn Elee P 24 pfd Thompson Rad_ vte Tobacco Prod Exptx Todd Ship.. & Union Carbide. it United Bakeries. . 37 United G & E new 1 United Pft Sha new o 30% MINING Arizona_Globe C: Black Ok told averas Copper ario Copper . Chief Cons Min Cons Cop Mine new Cartez Siver Cresson_Gold Diamondfield Bl Ru Hawthorne A Iac, 3 Hollinger. Heela 3 Independence 5 Kay Copper Gorp 30 Kay Coppe: 10 )lu;h'ln Cop . 4 Nipissing 63 Ohio Cop Par Por Mines Ltd Pismouth Lead Min .37 1184 cky & R pfd So Am Gold & P Spearhead Gold . Tono Belmont . United Verde Ex U 8 Coati mew wi .13 Wenden Copper . West Bnd Consol - West Bod Ext West Ttah Wilbert Markets at a Glance NEW YORK—Stocks, irregular; in- vestment rails. in new high ground. Bonds, mixed; Kelly-Springfield 8s break over four points. Foreign ex- changes, firm: sterling and francs moderately higher. Cotter, lower: be! ter weather southwest. Sugar, steady; improved demand for refined.’ Coffee, firm; commission house buying. CHICAGO—Wheat, easy; good rains northwest. Corn, lower; predictions better weather. Cattle, inactive: un- evenly lower. Hogs, mainly steady to slightly lower. MEAT MEN HAVE VERY SMALL PROFIT MARGIN Special Dispatch to The Star. CHICAGO, June 19.—Retail butch- ers barely scrape a living out of their business, the Northwestern Univer- sity business research department re- DOTts after a years' survey that shows that the average successful butcher earns but 5 per cent on his invest- ment. Seven out of ten stores pay a return on the investment, besides wages. High operating costs keep down earnings. SHIP MERGER STUDIED. Combing of U. S. Fleets in Gulf Service Still Unsettled. An informal conference was held ‘| yesterday between members of the consolidation committee of the Fleet Corporation with four members of the Shipping Board on the proposed merger of the government operated trade routes out of the gulf. The conferees reached no decision. President Palmer's first report on the gulf consolidation was rejected by the board. Although the board is opposed to a reduction in tonnage in the services, as proposed by Mr. P mer, Chairman O'Connor émphash that the board is not averse to such curtailment where it could be proven that the routeg were overlapping and competing with each other. LESS FREIGHT CARRIED. Business IAlt ‘Week Lighter Than for Same Week Year Ago. Revenue freight loading on Ameri- can rairoads for the week ended June 7. totaled 910,707 cars, the carriers have reported to the American Rail- ‘way Association. This was an in- crease of 90,803 cars over the pre- vious week when _observance of Decoration day curtailed -loadin Compared with the correspondin week in 1923, however, it was a de- cresse of 101,605 cars, but an increase of 74,499 over the same week in 1932. CALL MONEY RA’ 'NEW YORK, June 19.—Call money steady; high, 2; low, 2. : closing bid, all ‘loans against accept- time loans steady; mixed [change on London, 80' francs 25 cei 4-6 | times, Five per cent loan, 67 francs prime commercial |80 centimes. The dollar was quoted B Q centimes, . days, 3a3l; DEMAND FOR LUMBER TAKES SHARP DROP Output Curtailed, Working Hours Shortened and Prices Lowered in Some Localitie: BUILDING LULL IS FACTOR Auto Makers Reduce Buying. Needs of Japan Are Now Filled. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, June 19.—More ways to use wood—that is what the lum- bermen engaged in hardwood produc- tion are looking for right now. That industry at present is threatened with a business recession, accompanied by wide price fluctuations in various parts of the country and a general #ightening up of building construc- tion. Mills have cut their production and working hours sharply, and Prices still ‘are falling {n some sec- tion; At the same time stocks of hard- wood lumber are being reduced to a minimum. They are being fed out gradually until the reserve supplies are becoming extremely small. A quickened demand for building pur- poses is expected to change the situ- ation overnight, and lumber producers and dealers are confidently expecting a change for the better before the end of the summer. Bullding Slump Hits Lumber. The curtailment in automobile production, which with some com- panies has been as high as 23 to 25 per cent as compared with the early months of the year, has cut deep into one source of demand for hardwood lumber. The automobile industry has required almost 1,000,000,000 feet of hardwood in the last year. The call for sashes, doors and flooring has dropped in proportion to the slump in building, and the furniture markets have eased off so that production is less than the spring. The drop in fulfiliment of bulld- ing programs has not been especially noticeable so far as the total sums involved are concerned. In the greater number of cities and towns throughout the country there has beon a decline In the volume of build- ing permits issued, but the gains made last month in New York City and other metropolitan centers has tully made up for this drop. Gotham Bullding Helds Up. In the twenty-five principal cities of the country there has been & gain of 16 per cent in building operations as compared with the corresponding perfod of last year. Yet this has benefited only certain lumber manu- facturing sections. For example, the cities of the east gained almost 28 per cent in May as compared with 1823, but the central west, the south and the far west lost from 2 %o 17 per cent. If New York is eliminated from the tabulations the twenty-four other principal cities sustained a loss of 7.000,000. as compared with last Y evertheless, the building permits issued in this country for the first five months of the year in the twenty-five leading cities totaled $1,138,231,339, of which a very sub- stantial portion was spent for lum- ber. Production of soft woods has Kept pace with the cuts of a year ago. about 4,577,173.540 feet having been sawed In the first five months the year, as compared with 4,494.- 3,593 for the corresponding period of '1923. Orders. however, were off hearly 500,000,000 feet. Hardwood orders are believed to have diminshed in about the same ratl Japan's Needs Filled. One bright spot which shone during the first quarter of the year, now has faded. The Japanese absorption of the forest products of the north Pacific coast region amounted to 308.- 802,000 feet the first quarter of the year, but has now dwindled to mini- mum prbportios The northern hardwood sections of Wisconsin and Michigan made big cuts last winter in anticipation of an exceptionaily active demand this summer. These supplies are now being fed slowly into_consumptive channels. In the south, where the cut is not dependent 80 much on the winter season, pro- ducers have checked production ma- terfally in the last six weeks. In view of the plans announced for heavy building operations this year, many mills and lumber camps made arrangements to expand capacity, but many of these extra facilities now are idle and the men formerly employed have slipped into other lines of en- deavor. In spite of this, lumber dealers de- clared today they expected produc- tion this year to exceed 12,000.000,000 board feet of soft woods and about £,000.000,000 feet of hard woods. There has been a softening in the prices of lumber and some other building materials, but manufactur- ers of lumber say that such a care- noticeably during ful policy of price repression has been followed for the last two years that no serious let down is expected. e—— Are You a Sucker? Too many people put their money in day dreams and wake up broke. Never put your name. on the dotted line until you have inquired of some one in your bank what he knows about some stock issue that is of- tered to you privately. NEW YORK BUTTER PRICES. NEW YORK, June 19. steady; receipts, 40,938 c gathered, extra firsts, regular packed, 28%a29; do., storage packed, 29%a30; fresh-gathered firsts, regular packed, 37%a28; do., storage packed, 28%a29; fresh_gathered, seconds and poorer, 26%a27%; nearby hennery whites, closely selected, _extras, 37a38; browns, extras, 33a36; Pacific coast whites, extras, 38a39. BRASS TUBES REDUCED. NEW YORK, June 19.—Reduction of half a cent'a pound in the price of sheet brass and brass tubes and three-quarters of a cent in sheet cop- per have been made by the American Brass Company. =, . BOSTON STOCK MARKET. BOSTON, June 19.—Following is a list of today's highest, lowest and closing prices for the most active stocks dealt in here: Am Tel & Tel. Amoskeag . Arcadian "Cons . Roston & Albany. Boston & Maine. High, East Ma: Ea Edison Elec Tsland Creek Island Creek pid. Libby, McNeil & Gas . “Livby . New Sorse ow NYNH&H omnh:sn'gnin um : Pactfie Mills St. Mary' Superior & Swift & Co .. Swift Internst . United Frait _ United Shoe Mach . United Shoe Mach usun:iagsm FR 3 Waldort . Walworth Warren Bros PARIS MARKET STRONG, 19.—Prices were strong oday. ree per cent rentes, 53 francs 10 centimes. Ex- o *EF PUBLIC IN MARKET, BUT VERY CAUTIOUS Small Traders Grab Profits When Storm Signals Appear—Pools Extra Active. $26,000,000 IN BONDS NOTED Pennsylvania Pushes Plan for Leasing N. & W. Railroad. By the Associated Press. NEW YORK, June 19.—Wall street brokers report that public interest in the stock market has measurably in- creased since the current upswing started ten days ago. They explain, however, that small traders are in no hurry to follow up the advance and quick to take profit when storm sig- nals appear in various issues. Much of the recent buying is reported to have come from pools, whose opera- tions have been alded by easy money, and from overextended short interests, which have been hurried into covering by the rapidity of the advance in sev- eral of the highly speculative issues. $26,000,000 in New Bonds. New bond offerings today totaled mearly $26,000,000. The largest was $10,000,000 state of North Carolina 4% per cent highway bonds, priced to yield 4.35 per cent for all maturities. Others included $6,000,000 state of New Jersey bonds for bridge and tun- nel construction, priced at 1021, bear- ing 41 per cént coupons; $1,120,000 city of Knoxville, Tenn,, gold 4% per cent bonds at prices to yleld 4.25 to 4.60 per cent, and $1.000,000 Nebraska Power Company first mortgage 5 per gent gold bonds at 95, to yield about .37, Pennsy Studies N. and W, Lease. On the return of Pennsylvania rail- road officials to Philadelphia today from a trip of inspection over the Norfolk and Western, the financial district expects a statement will be {ssued In reference to the proposed lease of the smaller road, which has been under negotiation' for some time. Southern Pacific to Front. The Southcrn Pacific, which has paid 6 per cent annual stock dividends since 1908, sold at 93 yesterday, a new high on the move, taking a definite position as a leader among the rail issues. Despite opinions (n the finan- clal district that the merger with Ei Paso and Southwestern may postpone the expected increase in the dividend rate to 37, those interested in the stocks asserted carnings of the small- er road would more than cover in- creased fixed charges and dividend requirements. SMALL ORDERS IMPROVE. Slight Increase in Sales Also Noted in Baltimore. Spectal Dispateh to The Star. BALTIMORE, June 19.—Manufac- turers and business interests here are more optimsitic over the out- look, & survey of the local situation discloges. This does not mean that there has been a marked change in trade, but rather that sentiment is better, with a slight increase in sales in_some lines. The most encouraging develop- ment is the gain in small orders. They are general and indicate that stock of merchandise are down to a minimum. While. as has been said, buying is for filling-in purposes, or- ders are being placed frequently, and that turnover in the aggregate reach- €5 moderate proportions. Industrial output just about meas- ures up to consumption. STOCK ON NEW BASIS. NEW YORK. June 19.—The com- mon stock of the Otis Elevator Com- pany was placed on a $4 annual dividend basis today when the direc- tors declared a quarterly dividend of $1. The company recently pald a common_ stock dividend of 10. per cent, splitting the common stock on the Lasis of two shares of new, par 350 for each share of old. EQUITABLE| Co-OperativerBuilding table pow and pay day. Subscription for 87th Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F ST. N.W. JORN JOY EDSON, Prexident FRANK P. REESIDE, Sec’y. save Wanted Second Trust Notes ‘We have clients with funds to purchase good SECOND TRUST NOTES {n denomina- tions of from $500 to $10,000. Low rates if security is good Apply at Once to Our MORTGAGE DEPARTMENT Ao & LIEy 713 und 715 14th Street NJW. Main 35 making is _for -assured principal. MONEY RATES STAY UP. Fewer Surplus Fund Reported in Baltimore Than Elsewhere. Special Dispatch to The Ftar. BALTIMORE, June 19.—The more confident feeling in trade circles here has encouraged bankers to believe commercial borrowing will be re- vived before long. Surplus funds in Baitimore, while large, have not reached the uncom- fortable proportions they have at other centers. Banks here willingly extend accommodations to merchants at 5% to 6 per cent, and in somse cases as low as 6% per cent. Loans have been negotiated receniy at 5 per cent. The rate on loans secured by gllt-edge stock and bond collat- eral is 5 to 5% per cent, with most of the business at the inside rate. LIVE POULTRY LOWER. CHICAGO, June 19.—Poultry—Alive lower; fowls, 21a23; brollers, 3%adl; roosters, 14. Wash., D. C., June 10, '24. Pay to the order of Mrs. Thrift $35.00 for 6 months’ interest due June 10, 1924, on fi mortgag: 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 (£ 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 mew om hand 8100 up. Chas. D. Sager 924 14th St. Loan Dept. Main 37 38 First Mortgage Notes— 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 Received— Mortgage Investment Dept. SN TR 713 and 715 14th St. Main 2345 Members Nat'l Ass’s. Realtors. - Money to Loan Secured by first deed of trust on real estate. Prevailing interest and commission. Joseph I Weller $0.758 & & ¥ Get 8% | With Exceptional Security | on Monthly Savings An_ investment in Cities Service Company draws its strength from more than 100 subsidiary companies. which are supplying dally essentials —electricity, gas and oil—to millions of population in 33 States. Cities Service Preferred Stock, on which dividend re- quirements are now being earned more than thr times, can be bought now to yield more than 8 per cent. Dividends are paid monthly. , You may buy one or more shares for cash, }f by mak- ing an Initial payment of $10 a share and monthly pay- ments of approximately $6. Send the coupon for full par- ticulars. Thomas W. Brahany and Company Wilking Bailding Telephone ‘Washingten, D.C. Main 6180 Thomas W. Brahany & Co., ‘Wilkins Rldg., Washington, D.C. Please send me full information about Cities Service Preferred Stock and about your monthly payment plan for buying it. Name safety of This is- the dis~ tinétly predominating feature of these 6%% First Mortgage Investments Denominations as low as $100 1430 K Street INC. FINANCIAL FIRST MORTGAGE NOTES FOR SALE IN DENOMINATIONS OF 500 DOLLARS AND UPWARDS Rondedl H Hognen v %, 1207 Connecticut Svenue = A Century and More of Service —to the good people of Washington has broad- ened the scope of this bank’s influence, en- hanced its prestige, brought its facilities to a standard of excellence seconid to none. E¥YOUR account will be appreciated at the OLD- EST National Bank in National HE=elk Metropolitan Bank OLDEST National Bank in the City 15th St., Opposite U. S. Treasury = INVEST YOUR SAVINGS In Our FIRST MORTGAGES “The Safest Security on Earth” 7% v Denominations $100 to $10,000 JMORRIS CATRITZ: CO 1416 K Street N.W. Main 617 Northwest Residential and Business Property Only PROMPT PAYMENTS FOR OVER 31 YEARS During a period of thirty-one vears. principal and interest of every one of OUR FIRST MORTGAGES Quarter A . have been promptly paid to in- of a = Century Without a Loss vestors. B. F. SAUL CO. Main 2100 1412 Eye St. N.W. JULY INVESTMENTS First Mortgage Notes Make Reservations Now! are particularly glad to be able to offer a list of desirable First Mort. gage Notes for immediate purchase or July reservation. _Many investors have been quick to recog- nize the investment opportunity in Swartzell, Rheem & Hensey Company 6% % Notes that will, perhaps, never again be equaled. The same class of security we have offered for the past 55 years and which has enabled us to maintain a record unique in financial circles can be had for a limited time onll‘;'u:vnh an interest rate of 614 %, with tax refund feature to bring the return to 7%. Those having funds available for July in- ;Iesct)xsva.-.t should make their reservations Call, Write or Telephone Today For Detailed‘ Information Swartzell, Rheem & Hensey Co. 727 15th Street N. W. 55 Years Without Loss to an Investor