Evening Star Newspaper, June 25, 1924, Page 29

COMMISSION Row IN HOLIDAY LULL Wholesale Trading Slows up on Account of Weather and Half Day Off at Center Market. PRICE OF HENS WEAKENS Pork Down to Figures Reached Several Weeks Ago. Warm weather, plus the closing of Center market and several chain stores for a half day today, took most of the life out of the Wash- ington wholesale market for meats, live stock and poultry products. Along commiission row dealera declared today was comparable to a },olldty, Receipts were none too liberal, either, but the price on hens 2ppeared to be cracking under the strain of little demand. The re- Ported quotation was 23 cents for this fowl, while spring chicke Were going a little better at yester- day’'s price of 45 cents. Eggs wers about 26 cents in wholesale lots. Gaod beef anpeared to be about the most desirable meat product. Fresh pork, with some merchants, was back to its old figures of several weeks aE0—19 centa. Select eggs with jobbers moved :ihllrl-lenbt“);el range of 31 and 33 cents, Verle putter showed no change over = Vexetable Market Review. ® vegetable market, as reported by the Department of Agriculture, follows: Cabl — Home-grown eupplies }/&ht; demand limited, market firm: Ome grown, uncovered barrels, pointed type, 2.00a2.50. Cantaloupes— Suppiies liberal; demand good, mar- ket steady; California, salmon tints, Btandards, ‘45s. 3.25a3.50; some full Tipe, 3.00; jumbos, 458 3.50a4.00; Hostly 3.5: ponvs, Sés 2:50a2.75: flats,"12s and 158, 1.15a1.40; mostly, 2. Peaches—Supplies light; de- mand moderate, market steady; Geor- ®ia, 65, Early Rose, best, mostly 3.00; Doorer. small, some decayed, wide Tange in prices, 1.25a2.50; North Care- 1 68. Alexanders, large size, 3.00a 2.0022.25 . Red mostly 3.00; Greensboros, 25 medium sizes, Birds. best, 1.5022.00. Potato Sapplies Moderate. Potatoes—Supplies moderate: de- mand moderate. market steady: new stock. North Carolina ané Virginia. Norfolk section, cloth-top stave bar- rels. Trish Cobblera. U. 8. No. 1, hest, 3.30a3.75; fair quality and condition, 2.00a3.50; many heated. low as 2.50. Tomatoes—Supplies heavy: demand £00d, market steady; Missiasippi, 4s, turning, wrapped, No. 1, 75a90; few 1.00; some leaky. low as 50; 6s, ripes, badly decayed. 1.00a1.50; South Caro- lina. 6s. turning, wrapped. wide range in condition, fancy and choice count, 1.00a1.75. Watermelons—Supplies demand moderate, Florida, bulk Watsons, 26 moderate; market steady per 100 melons, Tom s-1b. average, '75.00a average, 60.00265.00. String beans--Supplies’ moderate; demand moderate, market slightly ‘weaker; Virginia, Norfolk section, 5- peck hampers, green, 2.25a2.50; North Carolina, bu. hampérs, green, 175 Cucumbers—Supplies liberal de- mand moderate, market slightly steady; Virginia, Norfolk section, %- bu. hampers, hotbed stqck, fancy, 2.00; choice, 1.25a1.50; North Carolina. bu. hampers, No. 1, 1.50a1.75; some re- fused. Sweet corn—Supplies liberal: de- mand moderate. market slightly weaker; North Carolina and Florida, crates approximately 5 doz., 1.75a2 mostly 2.00. - o Market Firm. Dewberries—Supplies moderate; d. mand moderate, market stead: ?’g;lh Carolina, 32-qt. crates, 3.00a Onions—Supplies_ light: demand moderate, market firm; Texas, stand- ard crates, vellow Bermudes, U. S. No. 1, 2.40a250: _California, standard crates yellow Bermudas, U. S. No, 1, 2.50a2.60. Lettuce—Supplies moderate; _de- mand moderate, market steady; New York, crates, Big Boston type, mostly around 2.00; homegrown, 2 doz. crates EBig Boston type, 1.25a1.75. Cars on Track at 8 A.M. Today. Beets, 11 crates, Virginia boat; c: ‘bage, 1 Maryland freight, 15 crates Virginia boat, 1 broken car on track: cantaloupes, 2 California freight, broken and 5 unbroken cars on trac ery, sweet corn, 1 Florida freight, 62 crates Florida, 485 crates North Carolina ex- Dress, 1 broken and 1 unbroken cars on track: cucumbers, 27 crates Vir- &inia boat, 2 broken and 1 unbroken cars on track; emgplant, 81 crates Florida express; lettuce, 1 New York express, 365 crates New York express, 1 unbroken car on track; mixed vege- tables, 1 broken car on track: lemons, 1 California freight, 1 unbroken car on track; onions, 1 basket Virginia 1' Florida freight, 3 ‘broken and 3 unbroken cars on trac potatoes, 427 barrels Virginla boat, 7 broken and 2 unbroken cars on track: squash, 30 crates North Carolina ex- ‘press; string beans, 20 baskets South Carolina, 182 baskets North Carolina wxpress, 503 baskets Virginia boat; to- matoes, 4 Mi ppi, 1 Florida freight, 65 crates Florida express, 5 ‘broken and 8 unbroken cars on track: watermelons, 4 Florida freight, & ‘broken and 1 unbroken cars on trac! peaches, 600 crates North Carolin: 145 baskets Georgia express, 1 b; car on track; blackberries, North Carolina expres: —_———————— A Fool and His Money. The fact that & stock certificate 1a printed in fancy green scroll work is no proof that it is worth any more than ordinary wallpaper. Thousa of people in ‘Washington would h: asked their banker to he knew of some supposedly wonder- ful investment. —_———— RAIL LEASE HELD UP. Pennsy Has Made No Definite Offer to Norfolk & Western. NEW YORK, June 25.—A. C. Nse- dles, president of the Norfolk and ‘Western railroad, stated, after a board meeting yesterday, that the Pennsyl- vania failroad had not submitted any definite basis for leasing the Norfolk and Western, and therefore no action had been tiken by Its committee. Regular quarterly dividends of $1.7 on the common and $1 on the adjust- (X8 ment preferred were declared. ; FINANCIAL NOTES. NEW ' YORK, June 25.—David A. Schulte, president of Schulte Ratall Stores Corperation, has announced that all negotiaiions with the United Cigar Stores Company of America concerning a merger, reports of which have been circulated for months, had been definitely called off. Hale Holden, president of the Chi- cago, Burlington and Quincy railread, says that the northwest shows signs. of recovery and he looked for staady improvement in general copdition the rest of the year. Superior Oll Corporation reports more cash in hand now than when the $1,000,000 bond issue was sold, early this year, aftér expenditures for fifty new leases in the midcontinent feld. The company has doubled 4ts production. tiely sum of paym: t! ing r‘:l per cent on & & re- , the last hav-| April 30, 1918, NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office ) BY WILLIAM ¥. HEFFERNAN, NEW YORK, June 25.—A heavy selling wave broke out in the ofl shares on the curb exchange today when it was anneunced that Attorney General Stone had brought suit against numerous Standard Oil and assoclated ‘companies charging con- spiracy to violate Sherman anti- trust law In combining to contrel pro- duction of gasoline. . Offering of the Standard olls were unusually farge, and resulted of losses from-1 to 4 points. Standard of Indiana reacted to around 55, and Pr;zlno Oil and Gas got down close An exception in” this was New Mexico and Arizona Land. The stock crossed 8, again in response to the stetement that the officers had rati- fied the agreement with the Tezas Pactfic Coal and Oil. This agres- ment Eivas the latter compmay the privilege of making a geologi sur- vey of portions of the company's agresge to determine the presence of oil and gas. It is understood that the Prairie OIl and Gas Company 18 assoclated In the examination. Chal and department store i{ssues were exceptionally strong and sold at the highest prices so far reached. It took only a few sales of Grand Stores to carry the price above 70. McCrory stores B went into new high ground at 80. War and Dubilier Radio continued reaching 16 and the iatter getting above 383 This buying re- ected’ Increased earnings and expec- tations that these would show up even better later in the year. r——————— NEW_YORK, June 25—Following is an official list af bonds and stocks traded in on. the New York Curb Market today: thonsands. i Tow. 1 Allje 3 . Allll: 7:" e 2 A G Balt 64s D s Textiles 135 i # 4520 5 2. H o FEFETe 3 5 5ot 2o Bunabinoesamomgm = = n Pow 3 Phil Elec s 13 Py 101% A Ay 2 Webster Mls 6448 wi 102 FOREIGN BONDS. s wt 3 Bwiss Govt Sigs . 1 Swiss Gevt 58 Sales STANDARD OIL ISSUES nnits. Yo 13% 70 1 0il of Can. ad B Lo 3 % h Penn Of ss¥ussd lgcaso::; 3 annnnam, g g in hundreds. 1 Carib &ynd .. 5 Cities Serviea $1,000 Cities Serv C scrip Washington Stock Exchange. 3y 8 3 P+ Y 4 ° 70 70 ‘Washington Rwy. & Elec. pf. at 75, 10 at 75, 10 at 75, 20 at 75, § 5, 10 at 75, 5 at 75, 10 at 75, 30 at 75, 5 at 4%, National Bank—3 at 200, § at 290, 10_at 90, 10 at 290. 5 at 200, 11 at 2990, Jarhnts Treaster & GStocags On Mergenthalet Lipotype—1 at 138. Security Storage Co.—8 at 355%. AFTER CALL. Washington Gas Light—20 at 48%. 30 at 48%. 10 at 48%, 10 at 48%4. 20 at 48%. 10 at 453, 10 at 483, 10 at 48i4, 9 at 48 Capital Traction 5s—3$500 at 97%. Potomac _Blec. -cons. Se—$1.000 at BT%. Money—Call loans, 5 and 6 per ceat. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid. Asked Americen Tel. & Telga. 4a ‘American Tel. & Telga. ¢ Am. Tel. & Tol. ctl. tr. Am. Tel. & Tel. Anscestis G4 P. Telephone Ba..- C. & P Telephone of Va. Capital Traction B. B. bi.. e emome Gar 100 5 o Gas 10 Netropajiian B R Pow. . m. Waih., ‘Alex, & Mt. ver. Ba... Wash., Alex. & Mt. Ver, etf. Wi . Balt. & Annap. 3s. MISCELLANEOUS. Bisgs Rosity be” Ooas Ty B (o Rigts Reaity be (snert !'M.fl ern Bld; Fariait Fak ot &, i STOCKS. PUBLIO UTILITY. Amerjesn Tel rights...... Tol, & Helga.. Traction P eI 'TRUST COMPANTES, L E * SAVINGS BANKS. Gommerde & Serings.. : Security Saviags 8 Seventh Btrest.. United States. eshington D. C. Paper pd........ Morchanta' Tranafer & Storage. ol I rket com. Oid Dateh Market prd. Lanston Mesotype [ eollect $1.000 Cities Service scrip 81 12 Creale Syndicate 5 New Brad 01 14 Peanock 0il 4 Hed Bank Oil new 26 Royal Can O & 8 Salt Creek P INDUSTRIALS. 1 Aeme Coal new .. 113 Lt. 34 Commonwealth Ed. 127 144 Comomnwealth Pow 2iy =2 EEETMCT I Y R new ... 10314 Radio 38% Dunhill Intl Toc... 20 4% East Pa Elee ... 40 Elec Rond & Bh pf. 1015 3 ant St wi 75 % Gillette Eatety Ras 719 Glen Alden Cosl... 991 3 Goodyear Tire ... 1 Gritfith, D W . 3 & Hazeltine: Corp w | 20! 1 Hudson Co pf..... 2 Kevstone Solether. high Pow sec. 1 Levigh Valley Cosl 204 Lh V1 Coal new 1Lib, MeN & L new & McCrory Stores ... Tenn Elec Power .. 8 Thomp Radio v t ¢ 0 Tobacco Prod Exp. % Todd Ship ........ United Rakeries .. nited G & B new 3w Be Cor B wi 7 Ward Bak Cor ptd 27 Ware Ragio 2 Yel Taxi Cor N MINING. 130 Aris_Globe Cop . 15 Blsck Oak G M .. 30 Butte & Western 22 Canario Copper 3 Bg: 2388 S 5 awthorne 2 Hollinger. 2 20 Independence Lead 340 Jib Cons . .- 6354RR223! I3 £32, - =4 & Fra MLk 08, (53 & 2 Unity Gold 9 Wenden Cop Rt 5288 ., 52,502, bBakE By George T. Hughes Expert Adviee. It ought to be self-evident that the ordinary Investor needs expert advice in the cholce of securities. As a matter of fact, people who would not dream of acting as their own lawyer or physician consider themselves fully competent to invest hard-earned money on their own initiative. Even i they take advice they are willing to listen to some one no better in- formed than themselves. Advice of this kind may be given in perfect sincerity and with the best intentions in the world and yet be very bad advice. ‘The business of investment de- mands expert training and experi- ence. It cannot be learned in a week or a year. A hundred considerations enter into the problem of just what particular investment is suitable to any particular investor. Because a certain bond or stock may be a good purchase for your meighbor does not necegsarily make it a good purchase for you. He may be able to take a larger risk than you because he has a larger capital.” He may have a diversified list of securities that you lack. Equally true is it that the choice of a time for any particular investment is as important as the choice of the investment itself. Con- ditions which affect investment s curities change very slowly, but they do change, and the fact that it was advisable to buy some one security 2 year ago does not insure against loss If the purchase is made t g Now, the person qualified by train- ing and experience to g advice on investment mi is the investment nker, an expert who works in an entirely different field from that cupied by the commercial banker. The wise investor, therefore, will consult an investment banker before he vests any money whatever, and ..{ will exercise the same care in hhl: R :I.ml_e- of his professional adviser in s case as he wonl 1. 1 Belecton of his legal adviser of his family doctor. (Copyright, 1834, by the BUSINESS TOPICS. DETROIT, June 35— (Special.)—The Michigan Bell Telephone Cozllpln! has asked the Supreme Court to nul- lity the 1922 order of the state pub- lie’ utilities commission reducing r:rc’no ;"h’:‘e:’ per cent as confisca- . mpany asserts it is en- titled to a 7 per cent return. BLOOMINGTON, 1Il, June 36—(Spe- clal)—The switchmen. .switeh send- ers, helpers and, switching engineers of ‘the Chicago and Alton road will e 4 cents an hour increase granted them retroactive to June 1. Other employes. expect increases TEXTILE INDUSTRY STILL AT LOW EBB Manufacturers Report Too Much Cloth on Hand to Permit Buy- ing More Raw Cotton. CROP OUTLOOK VERY FINE Great Dificulty Pound in Selling Goods at Present Prices. Special Dispatch to The Star. NEW YORK, June 25.—The textile manufacturers of the country who have not made ample provision for Taw staple requirements for the re- mainder of the year found themselve today in the position of a loser in a poker game who has just been ralsed most of the chips he has in front of him. The manufacturers have been complaining bitterly that jobbers and retallers were compelling them to carry the goods. Growers today as- serted the manufacturers who were not carrying raw cotton as well stood an excellent chance of having to pay high ftor it. This feeling came about through announcement from Shreveport to- day by the finance committee of the American Cotton Growers' Exchange, of which Andrew Querbes, banker and president of the Louisiana Cotton Growers' Assoclation, president, that a national banking syndicate had been formed headed by the National City Bank of New York to finance the twelve co-operative marketing asso- clations of which the exchange is composed to the extent of $100,000,000. May Hold Onto Cotto: This sum will be used to assist the marketing and holding of cotton which the co-operative assoclations will recelve this year. Last vear thews associations received and mar- keted nearly 900,000 bales. Under the agresment with the syndicate the as- sociations must borrow at least $15,- 000,000, and additional sums up to $100,000,000 will be available if needed. The government has just issued the cotton “pars’ or formulae for esti- mating the crop from the condition figures received from various locali- ties. According to these formulae. the report of one of the most aceu- rate and widely known ecro statis- ticlans in the south places the prob- able 1924 crop at about 11,000,000, based on June 20 condition reports These reports indicated that about 35,306,000 acres had been planted. an inerease of about 3 per cent over last yoar. Crop Outlook Bright. Tt » report placed the condition on that date ap 68.3, which shows an in- crease of 3.7 as compared with the ent figures as of May 25. B trage Improvement in the time of year indicated s two points and the ten-vear average condition is 74.8. Despite the improvement recorded, there is little that brings joy to the cotton goods manufacturerer at PrStie of the Georgia cotton mills are operating full time, but the ma- Jority are on weekly schedules only large enough to keep the organiza- tions together, according to Presi- dont George S. Harris of the Georgia soctation. In- ries for goods are increasing. he T *hut prices are unsatistactory and it is not believed by the associa- tion that there will be noticeable im- provement in the textile situation un- til the July raw cotton trading pos tion is out of the way. Then, a b ter line on the new crop can be ob- tained. Geods Sales Very Slow. Bankers and cotton dealers in the south are predicting that manufac- turers and jobbers of cotton goods will adjust their prices upward. _The latter are by no means so confident of this and answer in reply that they are having overwhelming difficulty elling their outputs and stocks at present prices. In the mean- time, foreign countries are buying raw cotton as fast as they can find the money for it. The fact that 40,000 garment work- ers in New York were called on strike today added no enthusiasm to the man- ufacturers’ attitude and was capped by a statement of William Heaps, & director of the Manchester Cotton Association of England, now in, this country, in which he said: ‘World Supplies Low. “As a result of three successive short American crops world supplies of cotton have been reduced to an ex- tremely low level and prices have consequently been pushed up to a point where the demand for goods is below the normal output of the mills. It will take more than one large American_crop to straighten out the situation.” EXPORTS FALLING OFF. Imports Reaching Baltimore in Week Valued at $3,000,000. Special Dispatch to The Star. BALTIMORE, June _25.—Imports approximating $3,000,000, with 3 de- Ccrease in exports, were reported in the report of port business last week by Collector of the Port Charles H. Holtsmann. The free list, which included Philippine sugar, bananas, sesame oil, jron ore, paper. oil, rags, tea, wood pulp and pyrites, was vaiued at $2,- 437,83 Dutiable imports, which in- cluded large manganese ore, chem- icals, gl ;w‘fl“ud olive oil, were valyed at $540,533. ‘A _few solid shipments of coal, rain, steel products, wood pulp, lum- er and chemicals made up the small export list, which was valued at $785,873. CHILE BUYING MACHINERY. Exports From United States Show Greatest Gain Among Shippers. Exports of industrial machinery from the United States to Chile more than doub'zd in 1923, a report just is- sued by the Department of Com- merce _reve Construction m: chinery exports showed the great gain. Sales of mining machinery in creased nearly 100 per cent.. can machinery is in favor when qual- ity is the first consideration, a feature of our trade with Chile which makes wrospects favorable for 1924. EQUITABLE Co-Operative Building —It is mot what yeu earn. but what save that comnts. Adopt the sys- tic saving plan of the Equita- and advance a Subscription ‘for the ble CHESAPEAKE & OHIO AND ERIE IN MERGER Virginian and “Nickel Plate"” Rail- ways Also Named in Plan for Huge 10,000-Mile System. By the Amociated Press. NEW YORK, June 25.—Negotiations gradually are approaching completion whereby the Van Sweringen interssts of Cleveland, through purchases of stock, will acquire complete control of the Erle railroad and eventually consolidate with the Chesapeake and Ohio and “Nickel Plate” into & mam- moth 10,000-mile system, it is re- ported in the financial district. Bankers for the Van BSweringens withheld comment on the report transaction, which, If carried through, would resuit in one of the most | portant consolidations in years. Fo mation of the proposed system, it was said, would require several years and probably would involve acqulsition of the Pere Marquette, Pittsburgh and West Virginia and Virginian rail- ways. T! eady advance in Erie common stoc ithin the 1 year from a price of about 10 to almost 30, and corresponding gains in the preferred issues, has given color to reports that other rallroad interests slowly were acquiring the stock for control. Shares of the two Van Bweringen roads, Chesapeake and Ohio an “Nickel Plate,” sold at the year's highest levels yesterday, while inter- est in the Erie was attested to by heavy buying of the road's bonds. TEXTILE MILLS CLOSE. Suspension Forced by Lack of Or- ders for Cotton Goods. PAWTUCKET, R. I, June 25.—Two cotton mills here, employing nearly 5.000 persons, have announced tem- porary suspensions because of lack of orders. J. & P. Coates, Inc., cotton thread manufacturers, employing 3,600, will close their mills from Thursday, June 26, to July 7. The Lonsdale Company of Lonsdale will lay off its 1,300 employes during next week. This mill has been operating on three and four day week schedules for several months. SHUBERTS RAISE BONDS. First Theater Financing of Xind || by Wall Street Interests, NEW YORK. June 25.—Marking the first_actual public financing through Wall street interests of so-called le- gitimate theater enterprises, the Shu- bert Theater Corporation yesterday concluded negotiations with bankers for the sum of $4,000,000 debenture bonds. The corperation, which con- trols elghty-six theaters in_ New York, Chicaco, Philadelphia, Boston and thirty-seven other cities through- out the country, has been capitalized with 250,000 shares of no-par value, which_ eventually will be offered to the public. Public financing by theatri- cal enterprises previously has been confined to motion picture and vau- deville companies. NEW EXCHANGE FORMED. Turpentine and Rosin Producers ‘Will Offer Stock at $5. SAVANNAH, Ga., June 25.—About fifty producers of and dealers in naval stores in Georgia, Florida, Alabama and Louisiana voted unanimously at a meeting here to proceed with per- manent organization of the rosin and turpentine exchange, a corporation designed to act as a buying and sell- ing agency of turpentine and rosin, with a capital stock of $2,000,000, It was said that mot less than 400 operators eady have expressed a desire to co-operate in the movement and to subscribe to the capital stock, Which will comprise 400,000 sheres at $5. Offices will be opened at once in Jacksonville. HIGHER WOOL PRICES SEEN. BOSTON, June 25 (Special).—Trad- ing in raw wool continued slow to- day, but there was a noticeable in- crease in optimism along Summer street. Dealers say the bottom has been reached and believe prices will start gradually up. Most of the new clip bought in Texas will have to bring $1.25 or better to bring dealers out, but they are confident it will reach that price with ease. SILK MARKET ERRATIC. NEW YORK, June 25 (Special).— The cotton goods markets continued quiet today, with no price changes of note. ~Print cloths quotations were_steady at 9 cents for 64 by 60 and 10 cents for 68 by 72. The raw silk market was erratic, with in- creases of 5 cents a pound and de- creases of like amount, about evenly divided among the various grades. Invest Your Savings First Mortgages “The Safest Security on Earth” h Interest 7% Denominations $100 to $10,000 1416 K Street NNW. Maim 617 Northwest Residential and Jssued in amounts of $100, $500 and $1,000, to run for term of 2 to 10 1416 Wiye Street N.W. Telephone Main S04 COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY WILMINGTON, Del, ‘June 25— Shipments of strawberries from Dela- ware are about ended and the total will be about 2,000,000 quarts more than last year. New Jersey is now shipping and the Jersey berries will e followed by the Pennsylvania and New York crops, which are in good condition. SAN FRANCISCO, June 325.—The California Prune and Apricot Growers' Association sold 4,248,000 pounds of frunns up to June 1, compared with :170,000 pounds last year, but the carryover is heavy and e present market stagnant. They blame the slump on the Oregon and Washing- ton 1’6'“" for having dumped large supplies on the market. SHATTLE, June 25.—All north Pa- cific coast flour mills have raised the price of all grades of flour at whola- sale from 6 to 8 per cent, and further sdvances are anticipated owing to the strength of wheat. The price for best milling wheat is $1.28 coast. JOPLIN, Mo, June 25.—A slump in the price of zinc ore has been staved off by cutting production and prices remain at 3§38 to $407a ton, Curtain- ment will continue until after July 4. PHILADELPHIA, June 25.—Thirty- five manufacturers of women's cloth- ing here are in process of forming a d |Teady-to-wear manufacturers’ associ- ation which will operate a credit ex- change, a merchandise exchange and provide for collective purchases and es. BOSTON, June 25.—The New Eng- land cotton goods industry now is operating at about 50 per cent of capacity. This is the lowest produc- tion level in ten years. Twenty-five mills have cut or passed dividends. Interstate Public Service Company First Mortgage and Refunding 6%, due January, 1949 Non-callable until Jan. 1, 1939 The Interstate Public Service Company now serves directly or indirectly 104 Indiana cities and towns with one more classes_of public utility serv. ice. The combined population of the communities served is over 220,000 < Complete information _regard- ing company and its earn- ings is contained in our cir. cular W.482. Price 100 and interest to yield 6%2% E. H. Rollins & Sons Fousded 1876 416 Woodward Bldg., Washington Boston New York Philadeiphia Chicago Denver San Franoisco Money to Loan Becured by first deed of trust en real estate Prevailing interest and commission. Joseph I Weller #274% % § T%: When Buying. Our 7% First Mortgage Notes You Ci Assured First.—A very careful and con- servative appraisal has been made. Secomd.—The loan we recommend is less than 50% of the market price. Third —After you have purchased one of our notes you get a serv- ice that assures you interest the day due. Notes on hand in amounts of $100 up. . Chas. D. Sager 36 > 924 14th St. Matn 37 i FINANC BUTTER LOWER TODAY. CHICAGO, June 25.—Butter—Low- er; creamery extras, 39%; standards, 391 ; extra firsts, 38a38% ; firsts, 36%a 373 ; seconds, 342351 Eggs—Lower; ceipts, 17,285 cases; firsts, 25%a26; ordinary firsts, g:;: storage pack extras, 27; firsts, e F Ulm__'flun SALES UP. PITTSBURGH, June 25 (Speeial). ~Local furniture dealers report in- creased sales over the same period last month. cressed demand for refrigerators, veed and willow furnitur: We have heretofore exclusively. to $15,000, to be secured E. QUINCY WE Warm weather has in- | Announcement This advertisement is to advise the public that we are now prepared to make small real estate mortgage loans, that is; in amounts from $2,500 ington and Chevy Chase. interest be charged exceeding 6 per cent. 909 15th St. N.W. 1AL First Mortgage Loans Lowest Kates of Interest asd Commission. Prompt Action Thomas J. Fisher & Company, Inc. 738 15th Street 4 i Continental Trust Company Capital One Million Dollars 14th & H Streets (UL T THTUTHTTTTN i 111 made large loans almost upon real estate inWash- In no instance will SMITH, Inc., PAY Full Interest ON EVERY DOLLAR nvested FROM THE With Us DAY EACH PAYMENT Is Received By Us WHETHER OR NOT —the investment is paid for in full or upon our special “PARTIAL PAYMENT PLAN” Let us show you how your small savings will earn DOUBLE AND MORE than the average rates. Notes in Denominations of $100.00, $250.00, $500.00, $1,000.00 and $5,000.00 at 61 All IMPROVED and 70/o secured by FIRST MORTGAGES on Washington, D, C. REAL ESTATE. Call up our Mortgage Investment Department SAFETY IS ALWAYS MORE IMPORTANT THAN INCOME The purchaser of our Over a Quarter of a Century Without a Loss gets erty. Main 2100 * SMITH BUILDING Washington residential prop- They have a proven record of safety. B. F. SAUL CO. FIRST MORTGAGES the security of choice 1412 Eye St. NW. The denominations are plan. 7% for Your July Funds In these days of declining interest rates, conservative in- vestors are fortunate in being able to obtain 637, and 7%, on the strongly safeguarded current offerings of our First Mortgage Bonds. Federal and D. C. tax<ree features bring the gross yield on the 639, issues to 7.137, Let us reserve for you now First Mortgage Bonds of the particular issue, maturity and yield that you desire for your July funds. We suggest that you act promptly, not only to prevent loss of interest on your money, but also because only a limited amount is available in each maturity. Bonds may be reserved immediately, without additional cost, for payment in July or for purchase under our invest- ment savings $1.000 and $5,000. Call, write or telephone Main 6464 for full information, Smith Bonds are Safe Bonds NO LOSS TO ANY INVESTOR IN 51 YEARS “Jke. F.H. SMITH COMPANY oundeo 1873 815 FIFTEENTH ST. e A e $100, $500,