Evening Star Newspaper, June 30, 1924, Page 29

FINANCIAL., SWEET CORN PRICE > SLIGHTLY HIGHER Vegetable Review Shows Heavy Cantaloupe Receipts. Potatoes Firm. In reviewing the vesetable market today the United States Department of Agriculture savs Cabb: Homegrown supplies lib- eral; demand moderate, market ady: h srown, uncovered bar. Pointed type, Cuntaloupes—Supplies demand good. market fairly Californ almon Tints, and mostly mbos, mostl ¢ low liberal: demand firm; North Caro- mostly ; moderate, market lina Red Birds some. sty, small to Greensboros, mostly medium e, medium to Arps, medium size. 2 baskets Arps, mos New stock, oderate: te, market firm: North loth top stave barrels, Irish cobblers, U S. 1 best, 45 ¢ higher; medium fair 4.00a4.25; Virg! cloth top stave ba s, U. S. No. 1, 4.00a ; old stock, no Tomatoes—Supplies mod nand good, market firm;: and turning, leaky, wide reported erate: de Missi wrapped. ) range in prices, 5 Watermelon Prices Drop. Watermelons—Supplies moderate; demand market slight 100 melon: rage, mostl 0.00265.00: 45.00: GeorgiA, Tom Watsons, 1. bulk, per 100 melons, 30-1b. averag 00a85.00. Cu- cumbers—Supplies light: demand moderate; ma: t firm; Virginia, Nor- folk section, hampers, hotbed stock, fancy, choice. 1.75; North Carolina, bu. hampers, No. 1. 1.00a1.50. Sweet corn—Suppli modgrate; de- mand Mo te; market slightly North! Carolina, _erates, 3 . Lettuce—Supplies moderate; demand moderat market steady; New York, 2-doz._crates, big Boston type, best, 2.00a2.25; some fair condition, 1.50; Washington, Cali- fornia, crates, iceberg type, best, 5.00. String beans—Home grown supplies moderate; demand limited arket stead. home grown, unco red slat barrels, 5.00a6.00. Lima beans—Supplies light: demand good: market about stead South Carolina, mpers, best, fair condition, 6 baskets, Virginia boat. Cab- Maryland freight, 2 broken cars on_track. Cantaloupes—19 California, 1 Georgia freight, 16 broken and 14 u broken cars track. Carrots scrates South Carolina express. Celery 135 crates New York express. Sweet corn—A00 crates North Carolina, 15 crates South Carolina, 35 crates Florida expr Cucumbe; 6 crates North Carolina_express, 302 crates Virginia boat crates Florida e press. 1 ew York freight, 475 crates New York express, 3 broken cars ack. Mixed vegetables—2 North a freight, 2 broken cars on track. 2 California, 3 Florida, 6 un- known freight, 4 broken and 5 unbroken E Onions—18_ baskets Vir- hoa Oranges—7 _ California broken and S unbroken cars Penpers—27 _crates Florida Potatoes—13 _North Carolina 699 barrels Virginia boat. d 9 unbroken cars on track. North Carolina ex- rginia boat. String South Carolina, 122 k North Carolina and 90 baskets limas South Carolina express, 4 baskets hoat, Tomatoes—5 Mississippi 18 crates North Carolina, 15 40 crates Florida unbroken cars 10’ Floriaa. 3 nd 6 unbroken Yginia freight. on track, express. freight, crates South Carolina, 7 broken and Georgia freigh cars_on truck North Carolina, 17 ers mress. ¢! i 216 crates North rlina. 1 basket South Carolina ex- ress. Okra—6 crates Florida, 2 crates Georgia express. The Department also announced that this is the last report of this kind which will_be issued at Washington until Turther notice. Commencing with tomor- Tows Teport Al formerly receiving bul- Jetine from Washington will be trans- ferred to the Baltimore mailing list, and the Baltimore report will include Wash- ington arrivals and prices. Georgia ex- { 13 INJURED BY AUTOS. Victims of One Accident in An- other on Way to Hospital. Epecial Dispateh to The Star. . Md., June 30.—Thir- e injured in this sec- . 3 a series of auto- accidents. Lester Risenger and scott W. Barnes of Cherry Runm, W. .. were seriously hurt when their ufomobile crashed into a telephone ole at Hancock. The automobile in which they were being taken to & hospital was struck by another car and several persons slightly hurt. Four others were injured when a flash of lightning blinded the driver of automobile, causing it to be wrecked. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY _ NORFOLK, Va., June 30.—Work of onstfucting a Ford embly plant will begin immediately, giving em- ployment to 200 men. This plant is expected to make Norfolk one of the biggest manufacturing and shipping points in the Ford s PROVID. J. and P. Coats Cotton Thread Mills here will be closed until July 7, owing to lack of order: ’- CLEVELAND, June 30.—More boats of the lake fleets have been ordered to dock because of slack business. "The prevailing rate for grain is 1% cents a bushel, but some vessels will not take cargoes under 1%. ATLANTA, June 30.—Cutting and curing of tobacco in the bright leaf district of south Georgia is under full headway at present. FORT WORTH, June 30.—One hun- dred men have been put to work on Fort Worth’s new cotton mill, which js being erected by Texas and New ¥ngland capital. The plant will cost $1,000,000 and have 22,000 spindles at the start. PHILADELPHIA, June 30.—Local coal dealers have done a large amount of business in the last week ) as a result of a warning to cus- tomers that prices of anthracite would increase July 1. G vl ) CONFEDERATE HERO DIES. Dr. B. L. Carl, 79, Was Wounded Nine Times in War. NASHVILLE, Tenn., June 30.—Dr. Reuben Lindsay Carl, seventy-nine, yetired minister of ‘the Christian Church, former president of Transyl- vania University and former chap- lain general of the United Confed- erate: Veterans, died at his home here last night. He entered the Con- federate army at the age of fifteen and was nine times wounded. g s S Child Killed by Fall. Epecial Dispatch to The Star. HAGERSTOWN, Md., June 30.— Two-year-old John Bowman, son of Mr. and Mrs. Clifford Bowman of this city, sustained a fractured skull in = fall from a bench yesterday, dying within & few minutes after the ac- Received by Private Wire BY WILLIAM F. HEFFERNAN. -.NEW YORK, June 30.—Prices in the curb market merely drifted to- day with a good deal of uncertainty, and gains and losses were about evenly divided. Aside from the usual bidding up of a few specialty fav- orites, changes for the most part were confined within a point of the Satur- day final. uation in the retall trade continued 10 be reflected in the advance in chain store organization stocks, notably in National Tea, new. up another 5 points to a new top at 202 Grand stores gained fractionally while the sharp advance in McCrory stores warants last week caled for realizing sales which caried the price off from the high. Real silk hosiery mills common NEW YORK, June 30.—Following is an official list of bonds and stocks traded in on the New York Curb Market today: BONDS. igh! Low. Packers 6s kers 8 lec 65 Co Os.. 20 Helgo Can 3 Reth_Steel 5 Can Nat Ry Eq 10 Childs 6 : 2.C P Mills 63 Deere & Co 7 Detroit City 8 Detroit_Edison 6s. 5 Dug L Pit 5%s B wi slier Body 6s n Asphalt 85, 6 Gen Pet fs... rand_Trunk 8is 18 Gulf Oil Ss. 3 Hood Rubber 7. 1 Int Match 6%s w 5 C Term 5%s.. 1L Val H Ry 58 w_i 4 Libby McN & L T 5 Mo Pac Ry orrix & Co at Leather & 12 N Or Pub Ser 28 Nor St Pow 6 orth At Ohio Power os B 1 Penn Power & Lt 1 Phila Elec 6x 5 Phil ¢S 1 Phila_Elec 3 10 Pub Sers of N 6 Pure 01l Co 6is 6 Southern Cal Ed 5s. 280 N Y 1825, ol it 78! Virginia Ry os wi A 96% FOREIGN BOXDS Czechosiovak 8s B 9 Russ Govt 6tge. ... 131 T Solvay & Co 6s Bis B 1003, 24 Swiss Gost Bs..... 1004 s in units. STANDARD OIL ISSUES. 20 Buckeye P L. [ 50 Gal Sig Oil. 5315 900 Hum Ol & R new 37% 50 Imp Oil of Can... 10134 1600 Tnt Pet Co Itd. 200 Nat_Transit 10 N. Y. Transit. 300 Ohio Ofl pew. 620 Prairie 0il & G 130 Prairie P L. 30 Solar Refin Penn Ind.. 200 8 O Kan new. 108 0 Fy... 80§ O Neb 708 0 N Y new. 208 0 Ohio. 10 S W Peon P L. 9300 Vacuum Ol new. sales in INDEPENDENT OIL STOCKS. nundreds. 1 Carib Synd 3% Ot Serv 1 Cit Serv 8 Cit Serv *4 138 fd. 3 Betw 13% 4 Gulf Oil of Pa 58 24 Lago Pet . 4 20 Liviagston Pl 115 21 Mount Prod 187 4 1334 3 18 Washington Stock Exchange. BALES. Capital {lYan)‘;tlon"h——Q* 1,000 at 973, $500 :;;‘Zkln:mn Gas Ga—§500 at 102%, §500 at e ia‘i::‘%;%"'.’;“.‘:“n%f{s P01 B hington Rwy. & Elec. pfd.—10 at 75, 75%, 100 at 75%, 150 at 75%, 100 at Riggs National Bank—10 at 290, 5 at 290. Mergenthaler Linotype—2 at 159, 4 at 139. National Mortgage and Investment pfd.—50 at 8%, 50 at 8%. AFTER CALL. ‘Washington Rwy. & Elec. 45—$1,000 at 74. National Savings & Trust 10 at 400. hington Rwy. & Elec. 4 5 at 5%, 100 at 5%, 100 %, 25 Money—Call loans—5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid. Amer. Tel & Telza. 4 Amer. Tel. & Telga. 4% Am. Tel. & Tel. cti. tr Am. Tel. & Tel. conv. Capital Traction City & Suburban Georgetown Gi Metropolits E! Fotomac Elec. deb, oo Potomac A : Pot. Elec. Pow. g. m. & Ref. Ts. , Alex. & Mt. Ver. b MISCELLANEOUS. D. C. Paper Mfg. Ge. 5 Riggs Realty 58 (loug). Riggs Realty 5s (short).. Southern Bldg. 8% Wash. Mit, Cold Storage b Wardman Park Hotel 6. STOCKS. PUBLIC UTILITY. American Tel. ri American Tel, & Capital Traction. Washington_Ga: Terminal Taxi com. NATIONAL BANK. Capital Columbin Commerc} District Farmers in Nitional Metropelitan. American Security & Trust.. Continental g;l’:‘l ‘hants® Nations! Bavings & Tt gl‘::' ‘Loan & Trust. 'MISCELLANEOUS. pfd... DioShants” Thasste [ The greatly improved sit-| | brimg Direct to The Star Office stock of $10 par ue was admitted to trading, first sales taking place around 35 ‘with » fractional advance ater. Denver, Rio Grande Western new preferred, which appeared for the first time last week, attracted atten- tion when it opened 2% points above the previous closing price. In the afternoon, the ofl shares were taken up. Covering operations appeared to have run their course, but buying was renewed in the late dealings. Standard of Indiana gained & half point. Prairle Oil and Gas at 914 was up over 2, while among the independents, professional efforts to about reaction in Koy:’l .(‘31:- adian met with only temporary suc- :;‘:-‘:—i <hares, proved to have been short- cess p increased demand for the cop- liven® and mo further attempt was made to bring about higher prices. ————————— Mat Oil vot efs... 10% Read Ol w i Eog Fuel Oil @ New Mex Land K Omar Oil & Gas.. 10 Penn Heaver Oil.. 3 Pennock Ol ... ok Oil new Cun O & Ref Am L & Tract Appalac Pow & Borden & Co. Rorden & Co Tt Toc. ou. .. T#d Cor wi. Dodge Mfg......... Dubilier ¢ & Kadio 4 Durant Mot 13 Du Pont Motors. 5 East Pa El El Hond & Sh Federal Telegraph F & W Gr Strs Gillette 8 R Gen Mtrs wi.. Glen AMden Coul... Hazeltine Corp Hesden Chem ... ® Maun BR Hud & Mann RR pf 361 Hudson Co pfd... 37 Keystone Solethe Lehigh Power se I Val Coal... ot 1 5 A R Rl S il Libby McN & L nw 4% McCrory Stores B. 807 McCrory St war cf 407 2%, s g 110 Rt S men Radio Corp_pfd Real Silk Hose Reo Mot So C & I new audard Motor utz Motor : Todd Khip ... TUnion Carbide United Dakeries. United Bak_pfd 5 Un Retail Cand; MI 2 Arizona (lobe Cop am Mines ... Tlack Osk ¢ ario Copper ... s Cop Mines new Cortez Silver ..... . Cresson Gold Diamondfid B Firat Nat Cop. Goldfield ~ Cons 5 Developm idfield Deep Min Ios Hioseom I cone e Kay Copper Corp.. Mason Val Manhattan Con Min Mohican _Cop s, New Jersey 7 Nevade"Gpni Ohio Copper 2 Plymouth Lead Min 10 Red Warrior. z 6 Rocky Mt Sm & R. 3 Rocky Mt S&R ptd 30 Silver King Div Mi .0] 3 So Am Gold & P 10 Tonopanh “Divide .. .23 7 Tonopah Extens .. 60 Tri Bullion 20 U S Contl new 2 Tnity Gold . 1 Wenden Coppér Well Lor Silver. 10 West Utah . W, B & A ANXIOUS TOINCREASE FARES Special Dispatch to The dtar. BALTIMORE, June 30.—Comment in the financial district today on the action of the directors of the Wash- ington, Baltimore and Annapolis Electric railway in deferring the quarterly dividend on the preferred stock, due in July, was to the effect that the board had acted wisely. The company could not have paid the dividend without borrowing the money. The company has not fared well during the first half of the year, but the management is hopeful that with better weather conditions earn- ings from now on will improve. The following statement was igsued by the directors: Directors’ Statement. “The directors of the Washington, Baltimore and Annapolis Electric Railroad Company decided to defer until a later date any action on divis dends on the company’'s preferred stock for the quarter ending June 30, 1924. Owing to increased cost of operation, especially increases in wages to employes, the dividend has not been earned for the first six months of the year. The company has asked for an increase in rates, which, if granted, will place the elec- tric “iw rates more nearly on a parity with those of steam roads. :Until it is known whether the application will be grdnted and, if it is, what effect it -will have on the revenues of the company, the directors believe no declaration of dividend should be made.” This is the first intérruption to payments of dividends on the pre- ferred stock. Back in 1912 the com- Pary inaugurated dividends at the rate of 6 per cent (33 a share—par value, $50) a year. The dividends have been paid regularly in quarterly installments since. The dividend re- quirements on the preferred stock amounted to $105,630 a vear. No Commen Dividends. It was in June last year that the company suspepded action on divi- dends on its $3,000,000 common stock. From 1920 -to 1823, inclusive, the "ml. e ratdion this stock was 4 per cen! per year. e regu- llrdlvulena-oll?flum}orumh; a share, were pal on January an April 1.’ The initial dividend on the common stock was paid in October, 1917, and amounted to $1.50 & share. In 1918, the company id $4.60 a share on the stock, whi paid 33 in cash and $3.76 in liberty bonds per share. - : Since its -organization the Wash- ington, Baltimore and Annapolis Electric Railroad Company has pur- chased the Annapolis Short Line (Maryland Electric Raillways) and the Annapolls Publle Utllities Com. pany. More recently it has purchased lfld. wer ?flh and is NEW York CURB MARKET | H{LIDAYS PROMISE Co-Operative Building Association Organized 1879. 44th YEAR COMPLETED Assets . $4,735,170.52 Surplus $1,248,320.98 Do Your Saving Right Now The opportunity to save is not to be neglected, Join the Equitable and save systematically. Subscription for the 87th Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F ST. N.W. JOHN JOY E President FRANK P. RE LULL IN INDUSTRY Retail Sales, However, Are Expected to Be Heavy Dur- ing Present Week. BY J. C. ROYLE, Special Dispateh to The Star. NEW YORK, June 30.—Industrial activities throughout the country are expected to reach one of the low Points of the year this week. This is not an alarming condition, since the Independence day holiday will be re- sponsible for much of the decline in activity. Coming at it does on Fri- day, even the most active plants do not expect full forces on Saturday, and many plants will seize on the holiday as an opportunity for even more extensive layoffs, i Some plants will take midyear in ventories. Others will make the check in production an opportunity for overhauling and repairing ma- chinery and making plant alterations. Still others, motably in the temtile dlvision, will grant their employes their vacations at this time. Retail Boom Expected. The first part of the week, however, is expected to be a period of remark- able activity for retail clothing and dry goods merchants and for dealers in sporting goods and camping equip- ment. The spring has been so back- ward that few city dwellers have found it either necessary or advisable to make out-of-town excursions so far this year. Many, however, will seek the resorts in various sections for the coming week end and are counted on to outfit themselves ex- tensively for their trips as well as | for the remainder of the warm | weather, While not affecting the manufac turers directly, this volume of buy- ing can be counted on to stimulate | wholesale trade in the near future, | and close observers expect the holi- day to be followed by a decided re- vival of activity in the majority of industries. This is especially true of the garment trades, where the open- ing of the lines for fall is imminent. Higher Prices Resisted. Retail dry goods merchants appar- ently are looking. toward decreased €OStS to improve their profits rather | than to increased prices. The buyer | resistance to higher prices still is strongly in evidence and many well informed retajlers believe costs will be easier to overcome than this tend- ency on the part of the public. Manu- facturers are taking somewhat the same stand. This is apparent in the knitted goods factories, where new and improved equipment is being added. Some of this new dyeing and knitting machinery will be installed during the Fourth of July shutdown. | The number of sales lost through poor salesmanship and indifferent salespeople is worrying merchants more than they indicate in discus- sion with outsiders. Consequently they are anxiously investigating methods of training sales forces and of retaining sales people whose suc- cess in getting and holding custom- | ers has been proved. Clothing Sales HoMing U In spite of continued talk of falling off in clothing sales, figures compiled in some of the active centers of the middle west seem to show that nearly as many clothes are being bought by men as in normally active periods. These statistics show that the aver- age life of the ready-made and the tailor-made suit is about 1.7 years in | each case, but while the owner of the tailor-made suit is likely to wear it that long, the wearer of the ready- made garment is prone to discard it at_the end of a - The men who wear made-to-order clothes, on the average, own 3.15 sults per man, while the patrons of the ready-made clothing establishments possess an_average of 2.79 suits each. | Ao overcoats, per cent of the ‘men buy made, and the span of life of the average coat is 7 years. The possibility of an active fall and winter season for clothing Is placing an’ added importance on the labor froubles which are mow In progress here and in some other manufactur- (g centers, but there are indications that these shortly will be composed. P O S R entignte. It's queer how careful a man can be after he's lost his money. Abe Mar- tin says that a man who is not satis- fled with 6 per cent and his money are soon parted. Arnold Guaranteed Certificates ranteed Certificates afford a safe and profitable in- stment for surplus funds. They are secured by first mortgages on improved income real estate and homes, and are a direct obligation of Arnmold and Company. Issued in amounts of $100, $500 and $1.000, to run for term of 2 to 10 years. ARNOLD AND COMPANY Incorporated. Capltal and Surplus, $1,250,000. 1416 Eye Street N.W. Telephone Main 2434. Invest Your Savings First Mortgages “The Safest Security on Earth” 7% e Denominations $100 to ; $10,000 JMORRIS.CALRITZ: Ca 1416 K Street N. Main 617 Northwest Residenti Business Property Only Would You Consider This a Good Record? Well, That’s What Has Occurred In Our Mortgage Investment Dept. Since We Began Our Business— This Remarkable Record Shows The High Degree Of Safety That an Investor May Enjoy When He Owns Qur First Mortgage Notes— 62 and 7% Rates. Mortgage Investment Dept. HANNON ICH 713 and 715 14th St. TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) Bid. o 00l . 100 11-16 1 10010 J00% 101 582 101% 101 21-82 101 25-32 101 2332 101 23-32 . 101 23332 101 2732 4%s March 15, 1926...... 102816 1021116 4148 September 15, 1926.. 101 102 4%« March 15, 1927 ... . 103318 1035.18 4345 December 15, 1927... 103782 108 1182 _—— A SUITABLE QUESTION. In the London Tit-Bits. “So you see, dear, it is now night in New Zealand,” concluded nurse. “But, nurse, is it last night or to- morrow night?” asked Gerald, pus- FIRST MORTGA FOR SALE THE TYPE OF SECURITY . CONSERVATIVE IN- VESTORS BUY DENOMINATIONS TO SUIT PURCHASERS JAMES F. SHEA 643 Louisiana Ave. N.W. IN in 1919 it| S (80RO XIR_ A1 fhiopo! for the con- venience of | Savings Dept. patrons. $1 or more will jopen an, account. . Organized in 1814 National Metropolitan Bank Capital, Surplus & Undivided Profits, Over $1,700,000 | /. 15th St. opposite U. S. Treasury | FINANCIAL. * 99 First Mortgage Loans Lowest Rates of Interest and Commission. Prompt Action Fisher & Co 3% 150 s"?:!_!_plny, ine Money to Loan Becured by first deed of trust on real estate. Prevailing interest and commission. Joseph I. Weller Litw When Buying Our 7% First Mortgage Notes You Cam Be Axwured First.—A very careful servative appraisal made. Thomas J. and con- has been 420 W, Bldg., 9th & ¥ N.W. Second.—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 63-7% For July Investment For August Investment ? % 924 14th St. Loan Dept. July interest and dividend period are Swartzell, Rheem & Hensey Com- pany First Mortgage Notes, secured by in- come-producing properties located in the Nation’s Capital. Interest rates are declining and we feel especially fortunate in being able to still offer First Mortgages bearing a return of 615%, with the D. C. tax refund feature to bring the yield to 7%. AFAVOR[TE form of investment in the " We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department' The Washington Loan and Trust Company 900 F Street 620 17th Street Reservations may be made immediately for your July investments. Qur suggestion is that yop act quickly while we are still able to secure the present rate of interest. Swartzell, Rheem & Hensey Co. 727 15th Street N. W. 55 Years Without Loss to An Investor A Booklet of Value to Investors NEW booklet for investors, just pub- lished by us, includes: * 1—a table comparing yields from taxable and tax-exempt bonds, for incomes up to $500,000; 2—a discussion of the effects of the new Income Tax on in- vestments; 3—an article on each of three securities carefully selected as to diversification; Long Lease Reasonable Rents 923-925 15th N.W. (Opposite McPherson Sgq.), B. F. SAUL CO. 4—amortgage map in 1412 Eye St. NW. colors of the New York, Chicago and St. Louis Railroad Co. (“Nickel Plate” System); 5—a selected list of investments, includ- ing long and short term issues of cor- poration, govern- ment and municipal bonds. This booklet, “Diversi- fied Investments,” will be sent on request. Guaranty Dean, Onativia & Co. Stock Exchange Building New York COTTON GRAINS COFFEE SUGAR STOCKS and BONDS MEMBERS New York Stock Exchange Chicago Stock Exchange New York Curb Market Association N. Y. Cotton Exchange Chicago Board of Trade N. Y. Produce Exchange Minneapolis Chamber of Commerce Company of New York WASHINGTON, D. C. 811 Fifteenth St. N. V Telephone Main 58135 WASHINGTON OFFICE Main Floor, Woodward Building Phone Main 2040 JOHN CALLAN O'LAUGHLIN Manager AT AR il T R FOR JULY FUNDS MAJ. G ANTON STEPHAN Treasurer ral Manager, Dulin & Martin e L. E. BREUNINGER President and General Manager President, L. E. Breuninger Sons’ Construction Co. President, Citizens' Savings Bank. THOMAS SOMERVILLE Vice President President, Thomax Somerville Co. President, Park Savings Bank. Director, 'Nat. Metropolitan Bank. FRED DREW President, Fred Drew Co., Inc. Director, Citizens' Savings Ban] Director, Second National Bank. T. C. DULIN Secretary and Treasurer, Dulin & Martin Co. Director, Federal-American tional 'Bank. FRANK H. EDMONDS tician. Director, Continental Trust Co. Director, Fidelity Saviugs Bank. EDWARD C. ERNST Electrical Contractor. SOL. LANSBURGH President, Lansburgh & Brother. ANDREW LOFFLER President, A. Loffer Provisloa ., Ine. Director, Lincoln Nationai Bank. HORACE G. SMITHY Vice President and Treasurer, N. L. Sansbury Co. Director, Citizens’ Savings Bank. R. L. NEUHAUSER Vice President Vice President, Citizens’ Savings Bank. Resources Over One and a Half Million Dollars (o miat el GenecaTionh (ne e ot e Ciginict o Cotia amt " Commanteg EOMINLE ™ oun Divieion. oF e el ionar Gime, HAYDEN JOHNSON Donaidson, Jokasen & . Fraley Tt e et dlyins Trust Offic ercing atlonal Rink: SAMUEL MILLER Eresigint § Bamvel (MIDEESE ot Diteeior, Rank. WILLIAM MEUHLEISEN President, Mt. Vernon Sav. Bank. W. F. STICKLE HENRY L. BREUNINGER Architect and Bullder. MICHAEL A. WELLER Presdcat, | Weller - Consruction Ditecion Natlonal Capital Bank Director, National Capital Ineur- e g e Columbia. CHARLES A. CARRY Ditwciot, Commercli Natl: Bank. DONALD WOODWARD President, Woodward & Lothrop. Pesiten: Westingion. Taon™™s Frast. o, DONALDSON, JOHNSON & FRAILEY Counsel Paying 8% Interndtional Exchange Free from the Normal Federal Income Tax and the Intangible Tax in the District of Columbia Real Estate Mortgage & Guarantee Corporation 26 Jackson Place N.W. Main 14031404 Please mail me full particulars regarding your first issue of 8% Cumu- lative Participating Preferred Stock. eavvassAddress .. (West Side of Lafayette Square) Name .. A