Evening Star Newspaper, July 31, 1924, Page 29

CHICKEN PRICES .~ GOSTILL LOWER Drop-of Two Cent; m Local Market Today—Meat Trade Dulk A further decrease of T cents in the price of chickens® featured the poultry market this morning, The decraase, it is stated, is due to a quiet market_and increased .re:eipts Meat es have undergone no change, dealers stated, because of the hot weather and slow. demand. .The market is expected-to continue draggy until_th is a_decided change in weather _conditions | Ezg prices remain Statlonary. Hot weather continues to. entail serious Josses in candling, and_strictly fresh nearby eggs are commanding prices in_advance of market quotations. There has_ _been- no_appreciable change_in butter prices the past. few | days, and dealers . expect no such| change in the néar future. ! Today’s Market Reyiew. The daily market report on fruits and végetables compiled by the Mar-| ket News Service bureau of Ag cultural Economics says: Cantaloupes—Supplies, liberal; de- mand moderate, market steady. Ari- zona, California, Turlock section and Kern County safmon tints, standards, and 45s. 3.50a8.75: flats, 12§-and Arizona, saimonh. tints, Iy 4.00; pink meats. and 158, $s and 9s arolina, Ridge- standards. ordinary 15s, a1 jumbos, 45s. mo standard flats, 1 few 1.25 1.00 sections, salmon tint wide runge in prices, 50; Norfolk secti; aris, best, 2.75: 2.00a2.50. Peach Prices Steads: Peaches—Supplies liberal: demand moderate, market steady: North Caro- lina and Georgia, 6s, Belles and El- bertas, large size. 200a2.25: medium size, some fair condition, 150al.75; Georgia, bushel baskets. Elbertas, me- dium to'large size medium size, fair condition, ginia, 6s, Carmans, medium size, mo: 1y 1.25. Potatoes—Supplies light: demand light, market steady; Vir- ginia, Norfolk section, .and North Carolina, cloth-top stave and_slat barrels, Irish cobblers, United States No. 1, good condition, 2.50a2.75; some heated. 1.50a2.25. Watermelons— Supplies moderate; demand moderate, | market firm: car lot sales—Georgia and South Carolina, buik, per car, tlers, Trish grays, 28 pounds. 4.00;°30-32 pounds, average, 4.2584.75. Beets—Supplies light; demand limit- ed, market steady; homegrown, 4.00a 5.00 per 100 bunches. Csbbage Supplies. Cabbage—Supplies liberal: demand moderate: market about stead ®inia, barrel crates. round t a2.00; some fair condition, 2 homegrown, urcovered barrels, round type. 125a1.50. Carrots—supplies light; demand moderate; market steady: homegrown, most’ 4.00 per 100 bunches. String beans—Boat and homegrown receipts light: demand moderate; market steady; Virginia, Norfolk _section, 5-peck hampers green, 1 homegrown. uncavere siut barrels, green, 5.0086.00. Applex Remain Down. Apples—Supplies liberal market weak ; Maryland, ‘Some fair condition, demand mod:rate; market steady: Cali- andard boxes Bartletts, 400. | Suppiies moderate: demand | market steady: heme- | dozen bags corn. | 0; ldeals, 2 North | fair quality and con- Lettuce—Supplies mod>rate: market New York, crates, Big Boston BETTER DRY GOODS BUYING IN SOUTH, Special Dispatch to The Star NEW ORLEANS, July 31.—Jobbers and retail stores here have been large buyers of dry goods in the last week, and most of them now have provided for present needs. Orders for fall shipment showed material improve- ment during the last few days as a result of activity in the primary goods markets. Most of these orders came from sections of the South not affect- ed by dry weather. Merchants in dis- tricts where drought prevails still are indisposed to place orders until the cron outlook is more assured. Lumber sales have run nearly as E . the best month LIVE STOCK FIRM OPENS | BRANCH IN ATLANTA By the Associated Pres: RICHMOND, Va, July 31L.—When the announcement of Asa G. Candler, Jr. president of the Atlanta Unfon Stock Yards, that the projected amalgamation of the live stock firms of Smyth Brothers of this city and Maxwell Brothers of Memphis would become effective August 15 and that headquarters of the combined concern would be established in Atlanta was read to T. A. Smyth, head of the Smyth Brothers concern here, he as- serted that the announcement Was sleading myth Brothers have no intention of leaving Richmond,” he said. are merely opening a temporary branch in Atlanta where we will do business for two vears. There has been no merger. There will be none. The Southern Stock Yards will re- main just where they are. NET INCOME DROPS. NEW YORK: July- 31.—The - half- yearly report of ¥. I. du Pont de Ne- mours shows net income of $7,610,089, compared with $10,125,822 in the first six months of .19 Thir is equal, after debenture stock dividends, to $5.84 a &hare on the common stock, 3 a share a year ago. Profit and loss surplus was $53,398,- 414, Net sale: of $47.761,249 were about $1.500,000-1ess than in the cor- responding period of 192 SUGAR PRICES LOWER.: NEW YORK, July 31.=A decline of 1-16 cent occurred in thé raw sugar market_early today,” Carrying-prices to the of 2 for Cubans duty paid. Sales of 35.000 bags of Porto Ricans - for August shipments -were made to a local sefiner. Raw sugar futures were easier under commission §nouse selling. influended by thé eavler spot market. - - SUGAR STOCK SOLD. NEW YORK, July '31.—The Ameri- can Sugar Company has sold its en- tire holdings of Great Western Sugar Company common stock which ‘was shown in the last annual .report. to have been 105,984 whares' valued .at about $5,300.006. 5 - = - EDUCATIONAL, : LUCIA GAL BAR! SCHOOL TLL board limited number of children, Angust and September: mother's coaching.. - School term opens Octgber 1; day and boardine. MARY GALE DAVIS, Pd. M. Prin., 1616 Remont yoad. Phone Col. 7878. = PREPARATORY AND PRACTICAL FREN NEW YORK CURB MARKET Recelved by. Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNAN.- NEW YORK, July 31.—The conten- tion of a- certain element of market observers-that a sharp reaction.in the radio stocks.was inevitable in view of the manner in which they. had been bid up since their listing was partly -borne out ‘today. Thé break was typical of the action of any new and unseasoned class of securities following a prolonged ad- vance. However, it did not reflect any change in the outlook for the in- dustry. It simply meant that th who had purchased at substantially lower prices were not disposed to’ let their proiits get away. Dubilier lost alnost § points. Ware fell back al- most 4, and Rova, Hazeltine and Thompson all went lower. Revival of interest in the mining section and the heavy dealings in this lquarter was also significarit. The coppers were especlally fevored' in view of the hardening of- quetations and the ‘increased demand -for- the metal. United Verde Extension was held in check by profit-taking sales following the recent rise, but Canario, Wenden, Jib and Red Warrior were again In active demand. .1t is ex- pected that the Canario company will ve on a producing basls. before the end of the year, Traders in the oil Stocks apparently were awaiting publication of .tbe weekly production figures. - When no- weakness followed the reported in- crease operations for the rise got un- der way again. Prairie Oil and Gas gained more than a point ‘to 214, Standard of Indiana crossed §8 agatn and’ Imperial of Canada moved 4p al- most a point. * - P Sates in BONDS. thousands. 6 Alum_Ts o Am Gas & Elec 8s.. Am Te wil .ol 4 Am Rolling Mills 65 Auaconda Gx........ Auaconda < U R . Anglo-Am 01 Thx At 8 Beaverboard 8s Jieth, Kteel s 5 Nat Ry equip 78 Lovk I & I 3%s Childy_Co 6. ... 9 Cit Sery T D) Cons Gax Bal 613y D Conn Textiles 8x.... CTAB M 6 2 Caban Tel 7 Go Detroit City Betroit Tidison 6s... Dunlop T & R 5 Tnien Mael iXennecuit C 2 Lh VI Har Ry 3 Libby. MeN & L 7s 3 Morrw & €o Tlas New Orl Pub Sery. s Nor Sta Po M s 3 Ohio Pawer G5 K. 2 Pean Pow & Lt 3e. Pub er Puze 0l U Lz 6 Shawsheen Ts . 0L &- 5 United 011 Pro % Vacuom Ofl 7s ... Virginie Ry 5« & wi Web Mills Gizs wi.. 102% BONDS. Sales STANDARD OIL IS in naits. &0 Anglo-Am 011 130 Ruckeys P L 100 40 50 100 90 Imp 01 of Can. 7§ Indiana P L 100 Intern Pet Maznolia Pet . ) Ohio 011 _new 710 Prairie 0il & Gas 100 Tenn Mex Fuel 70 10 20 5300 700 10 1700 § 50 0 Indi e 0 Kentucks O Nebrasks O N Y new © “Ohio .. 30 Swan & Fonch 100 Vacuum Oil new Sales INDE in hondreds. 10 Allen Ol c..,.. 1 Carib Svnd [ L Cities Koy Z Bi% 631 T OIL STOC * 9t Pre Tance Creek Livingston Pet Margay Oil ... Mex Ol o B uBaw 106 Motual OH Fuel Gas. . Washington Stock Exchange. SALES. Capital Traction 56—$5.000 at 98%. AFTER CALL. Washington Gas in—3500 at 98. Capital Traction Co.—9 at 95, 10 at 85, 10 at 95. : ‘Washington Rwy. & Elec. 45—$5.000 at 74, Washington Gax 6y '33—100 at 100%. Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Ameriean Tel. & Telga. 4 Anacostia & Potomae. gua 3 Telephone 5s. C. & P. Telephone of Y Capitai Traction R. R. 3 City & Suburban 3s. Georgetown Gas 1st 5s.. Metropolitan R. R..5s. Potomac Elec. 15t 5s. Potomac Elec. cons. Totomee Elec. deb.’ Potomac Eleciric 65 1953. G Wash. Alex. & 3¢, Yer. 5x. Wash.. Alex. & Mt AVash. Ralt: & Annapolis s. Cashington G hington G Wash. Rwy. & Pot. Elec.. Pow. D. C. Paper Mfg. Bs..... Riges Realty 5s (long). Riggs Realts 35 (short) Southern RIdg. 6% . Wauh. Mkt. Cold Storage 5 ardman Park Hotel Ge.. STOCKS. POBLIC UTILITY. American Tel. rts. American Tel & Terminal Taxi com.. 3 NATIONAL BANK capital . Columbla Commercial Distriet . - Farmers Federal-Ameri Liberty Lincoln. Nationsi Metropolita Riges Second . National Ran! TRUST COMPAN Amerlean Security & Trust Continental Trust Merchant k. . Nations] Savings & Tro Commarce & Savings. Fast Washington. Recurlty Savibes Seventh Stree Corcoran - n's . R rrionsl Usion ire Tnsurance. TITLE INSURANCE. Colombia_Title.. Real Estate Title. MISCELLANEOUS, nish. Portuguese. For terms c ot 1O 2210 Pa ave: = LANGUAGES. Al modern languages taught bv nafive teachers. Conversational Metbod, Day and iz classes. Individ- ual lesson: Free Trial Lesson, without obligation on vour part. Reduced summer rtee. BER] [TZ $CHOOL OF LANGUAGES el Pr, | Natl. Mty b, C. Paper pfd. Merchants' Tran Mergenthaler Linatype. “serket s o 0la Dutch Mer) 4 014 Dutch. Market ped:. 2 Peer 0U Corp. 70 Penn Beaver Oil 3 Pennack Ofl . 13 Plerce vete wil.. 36 Red Bank Oil new Roy Canad 0 & R. 5 Balt Ck Prod...... 24%4 uperio: O B w'ts 700 9 Union Ol Can D wi 1323 3 Woodley Pet ...... 1% : INDUSTRIALS." % Adirondack Pow pf. 08% I Allied Pack new... 38 1 Allied Pack pr.pf. 40% 1'Am Cot Fabric pf.. 97 T Am G & El rew wi 20% Am L & Tract. Py L & Trac pt 11 Aw Storen ... i Appalac P & Li pt i Atlantic Fraft ‘wi. 1 Aust Cen lank wi Hocden & Co ....... 3 Brit-Am Tob Cou.. 1 Burroushe A M wi. 5 % Burroughs AM pf & 101% 5 Bklyo City RR.... 13% B Cent Terena pfd. .. 3, § Centritug Iron Pipe Chatterion =0 hatterton pfd” . er Cab Mrd & 1D new wi.. N a1 12 > Tob lnc L & W Goail. % 1 Doehler D C Co wi. 1813 102 Dubilier C & Radio 46 1 Duabill Iot Ine. 7 Durant Motors. 1 Dy Poat Motors. . East Penn Blec' Co. 2 Glen Alden Coal Ginter oodyear’ Tire. tay 10b Co ot d'wi Hamitioe Corp wi Hesden Chem ..... Hud & Maon R 3 Hulson ‘Co pfd ... Frde vstone Solether. Lehigh Power sec. Lehigh Val Coal... Lehigh ¥ C new wi FEORFITE & Kadio Corp ....... Kadio Corp pt Rad.o new A... Radio new £ pf.. Reo Mot . Richmood Rad! Ricumond Radiat pf Reva Radio T ¢ GLPrn v 0. 1% wi South Rz, Stand Pub A...... 2513 Siaudard Mocor s Stutz Motor Swift Tat) Tenn E! Pow B 1614 i 1 b 341 Sy 51a A1y Cnited Bakeries .. Coited G & E new Unit_Pft Shar new Un Retail Candy.. Taited Lt & Po A Un St Stores B... U S Lt & Heal Ward Bak Co A wi. 100 Ward Bak Co B wi 24 = » PR ol g0 4 o Wh Rk M S new wi Yellow Taxi N Y.. MINING. Am Exploration.... . Black Oak Goid .. umet & Jerome. ario Copper..... Cop Min new.. & Prov Mines.. m Black Butte.. Dolores Esperanza Eureka Croexux. France Gold Mines . oldficld Devel ... 30 Goldfield Deep M. . 140 Hardshell Min. 0 Harmill Dis.... [0 90 Hawtborne Mioex.. . ? o ssgnay puane & Flowe Sound. Independence Jerome Verde T Jib_ Con. o 8 Kay Copper Corp. Lote Star McNamara New Cornelia ... ew Jersey Zine.. 2 Nipissing - 18 Ohio Cop z 18 Plymouth Lead M.. . 26 Premicr Gold Min. 314 Red Warrior ..... . 8 Rocky Mt Sm & Re 2 Rocky M § & R pfd 20 Spearhead Go'd : 10 Standard Sil Les 3 Teck Hughes . 2 Tono Relmont | 40 Tono Midway 3 Tonopah Min 8 Unit Verde Ext... 10 U'S Contin new wi . 7 Walker Mining ... 17 Wenden Copper 1 West End Cons 130 West End Ext. 30 West Utah : 1:;;5‘@;313'31.‘.3 B 28Bmn ooy 8008 B 55 B 2 R 2 & e F¥ (33 ity REfow Markets at a Glance‘ NEW YORK—Stocks strong; pivotal issues at new highs.. Jonds firm; speculative-rails in demand. Foreign exchange steady: sterling slightly higher. Cotton firm; favorable Lon- don conference rumors. Sugar lower. increased offerings. Coffee trade selling. CHICAGO—Wheat steady; unfavor- [able Argentine reports. Corn declined; better crop news. Cattle steady. to strong; active demand. Hogs easy; large receipts. CHICAGO GRAIN PRICES. CHICAGO, July 3].—Assertio; black rust in its final form hes oo peared in Canadian wheat flelds -had a decided bullish effect early today on the wheat market here. Ruptured Dostules on the head stem of wheat plants were reported at Natimka. Pierson and ‘Melotta in southwest Manitoba. 1t ‘was said that.a week 2go_{n the same district the ritst was only moderately noticeable. gn the |- sheath, and that there was no visibl aign ‘of héad stem infection. Largely @5 a result of these reports. a new rush of wheéat buylng was witnessed here. Initial prices,- whieh- ranged from lower to advance; - with September 1.31% to 1.32 and Decem- :ber 1.34% to 1.35, were followed by upturns of more than 2'a bashel fr low" prices touched .herul; AHer he O nrand oats Tallied’ orn and oats rallie With wheat, ‘after having besn werk at ‘the start. Corn opening prices were unchanged to 1% lower, Decem- ber 96% to 97%. Later the market showed fractional gains for most de- lverie 2 Oats started at 1% deeline to-2% ad- vance, the latter for July, with Sep- tember at 61% to 52. Soon the de- clines were more than wiped.out. A drop in hog values-pulled down vrovisions. z . Opén. “High, 1.31% 1. T3 TR L1139 R 1) 18177 &12 ~13.20 1850 nished by easy; [ STAR, (57 BOND ISSUES T0 BOCST BULDIG Immense Public lrfiprovenient ~Programs to Be Carried: ~ Out During Rest of Year. BY J. C. ROYLE. Spectal Divpatch to The Star. NEW YORK, July 31L.—Public im: provements are expected to act as:a balance wheel in regulating the oc- cupation of both capital and labor for the remainder of the year. This Is indicated by the tremendous volume of municipal, county and State bahd ‘iasues. which have been absoided by investots in ‘the last two months. Money has been cheap and some mu- nicipal iIssues have recently been disposed of at a premium, enabling taxpayers to get public improvements | under way under favorable financial circumstances. b The output of state and municipal bonds placed fn June broke ‘all pre- vious -records for a single ~momth with an aggregate of $268,113.094] and the rate of absorption has bsen| fully maintained in July. The pfe- vious high record was made in De: cember, 1921, when a total of §22 466,661 was reached. The highest pre vious June was last year, when: the: amount issued was $161,070,397. $11,000,000 ond Issuc. | An indication of the trend is fur- the $11,000.000 Issue of New Jersey highway bonds, bearing 43 per cent interest. which sold at a premtum of about $163,000, permit- ting several additional miles of con- crete highway to be built without cost to the State A partjal list of the improvements to provide funds for which issues were made by 431 municipals itles and States, includes roads. street paving, schools, fire stations. parks sewers, garbage and sewage disposal systems, water works, subways and bridges. These activities are expect- ed to absorb a very large part of the labor which is now idle or which may be released by any further: cur- tafiment of industrial activities and from the harvest fields Building Conts Lower. The expenditure of the large sums indicated also will have a marked effect on producers of lumber, ce- ment, brick, steel and other 'con- struction materials. Prices of ma- terials are being well maintalned in most_sections, but costs of building construction are showing a tendency to_drop. This iz not due particularly to lower wages. although some crafts have accepted wage reductions in certain sections. The general trand of pay in the skilled trades still is upward. but the payment of bonuses is not xo' widespread little shortage of skilled artisans at present, but it estimated that 35,000 such workers die or withdraw to other lines of industry each -year, and it is doubtful if the number of apprentices now undergoing training will be more than sufficient to meet the normal needs in the next year. Raflroad Use of Motor Trucks. Road construction is being watched with increased attention owing to the tendency of steam and electric rail- roads to supplant their short-haul freight and passenger runs by motor truck and bus lines. The success of this move depends to a large extent on the development and maintenance | of good roads. The carriers, except as they are taxpayers in the State in Question. do not pay for the unkeep or construction of these roads, and at least some money saved thraugh wear and tear on_equipment on the short runs is available to help finance the acquisition of motor bus fleets. Great Care to Stop Waste. The care with which waste and wear and tear is being watched by | the big carriers is shown by the fact that during the vear ending July the Southern Pacific road saved a total of $2,531.878 through reclama- tion of material which ordinarily would go on the junk heap. Old boilers were made into oil storage tanks, barrels utilized as water con- tainers for fire protection and ship- ping cases and old air hose for bump- ers and shock mats, while serap metal and car roofing were converted into buckets, ventilators, sand scoops, hot box coolers and material racks. Trains Include More Cars. Operating expenses of the railroads in the first part of this year averaged nearly $20,000,000 a month less than last vear, due largely to increases in the gross tonnage per train and the grass locomotive load. More cars were put in_each train and more freight in each car. Building is particularly -active at present in Florida, where cities and towns are spending $35,000,000 on im- mediate construction consisting large- of hotels and apartment buildings. ‘hese are being rushed to completion in anticipation of a heavy influx of tourists the coming Winter. — MORE INTEREST PAID OUT. NEW YORK, July 31.—Dividend and interest payments in July aggregated $396,880,000, compared with $366,025,- 000 4 year ago, according to a com- pilation by the Journal of Commerce. Disbursements to stockholders, based | ~Ings banks havé added $71:317.23¢ There is but | Service Charges Close Up 6,936 - Check Accounts ‘&pecial Dispatch to The Star. BOSTON, July 31.—Depositors in Massachusetts trust companies ~have decreased 6,938 In" number since March, reflecting the.service charge imposed on small checking accounts by Boston banks. Sav- to their accounts since October, * making the total $1,505,066,981. MARYLAND CROPS: - IN FAIR CONDITION No Sérious Losses Yet. From Long Dry Spell—Tobacco Doing Very Nicely. In reviewing Maryland orop condi- ‘tions during the past week the United States .Department of - Agriculture say Corn continues fair to good, but gome .need rain. Cultivation con- tinues. The growth varies greatly. ‘owing to the wide range in dates of planting. The early planted. is. tas- seling and =ilKing. In the Allegheny Mountaln region wheat and rye are being harvested: elsewhere over the section these grains are being thrashed, with fair to good yields. Oats are ripening in western Maryland; elsewhere over ‘the section they are being harvested In some localitics on the Eastern Shore and in southern Maryland, how- ever, harvesting of oats wa¥ finished and ‘thrashing began. Pastures and grasses are showing the effect of the Jong dry speH. They are now but poor to falr on the Fastern Shore and fair to good. west of Chesapeake Bay. Hay-making contfhues with good yields. Early potatoes are being. dug in the southern and central counties; they are maturing in the northern border counties. Late potatoes are coming up or are up and making a good stand. Truck crops and gardens have im- proved steadily during the past three | weeks, but now need rain. Early tomatoes are ripening and being picked. Tobacco is doing nicely. Picking of early apples is mnow FEDERAL-AMERICAN NATIONAL BANK RESOURCES $13000.000 1315 F ST Jonu POOLE Paeswew HOW’S THIS FOR PAY-DAY CONSIDERATION? Take Part Of Your Check And Start The Purchase Of a First Mortgage Note of $100 Or More. Said Notes Are Part of a Loan Of Only $4,100 - On a Beautiful New Residence Sold for $8,250. Rate of Interest 64 Per Cent. No Risk— No Delay— No Depreciation— Phone Us Today. MORTGAGE INVESTMENT DEPT. HANNON 713 and 715 14th Street generdl” ' Early peach and ‘earl pears-are ripening: pleking of these fruits has begun in some southern localities, As yet crops have not suffered ma- terially from the dry weather. EQUITABLE Co-Operative Building . . Association Asae $4,755,170.52 Surpl $1,248,320.98 The Time to Save Is Now —Each pay day resolve to save part of sour o Join the tematic lan of [hl:'-“.:b[‘a.. matic savings pl of Subscription for the 87th Issue of Stock Being Recefved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F ST. N.W. JOHN JOY EDSON, President FRANK P. REESIDE, Sec’y. Safest Investment With Liberal Return Our | First Mortgage Notes Paying 6%:% Interest Semi - Annually On D. C. Property Are worth their weight in ®old. No safer security can be offered to those who desire liberal investment returns and no risky speculation. We urge that you Consult Our Mortgage Investment Department EHANNON 5 @CHS 713 and 715 14th St. N.W. FINANCIAL. " FOR SALE - . FIRST MORTGAGE NOTES Consuit Us If you have funds for Investment. - ~THOS. E. JARRELL Memder Waskington Real Estate Board Woedward Bldg. Maim 766-3370. Your German Securities May Have Doubled and Tripled in Price Recently This is the Bonds & Stocks "Wete or Tl T Tetormetica P PET“EE ;V"'TNEvfi Phone I'rk. 3078, 205 Invent. Bldg. Money on Hand To Loan on First Deed of Trust Improved Property Only JAMES F. SHEA - 643 Loisiana Ave. NW. Money Money to Loan Becured by first deed of trust on resl estate. . Prevailing interest and commission. Joseph I. Weller 45Wesk. & & Truat When Buying Our 7% First Mortgage Notes You Can Be Assured First.—A very careful servative appraisal made. 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 service that assues you inter- est the day due. Notes on hand in amounts of $100 up. Chas. D. Sager 924 14th St, N.W. Loan Department and con- has been 38 Main 37 38 to Loan n Improved Properties Funds immediately available for First Trust (Mort- gage) Loans. Reasonable’ rates and commissions. your application at once. Let us have McKeever & Goss Realtors 1415 K St. Main 4752 Preferred Dividends for 1924 Earned in 4 Months Net eamnings of Cities Serv- ice Company for the frst four months of 1924 were sufficient to pay dividends on all out- tanding Preferred stock for the entire year. Cities Serviee Company. whieh represents the combined strength of 125 subsidiary com- Panies, now has more than 150,000 security holders. Pre- ferred Stock may be booght now for cash or under our monthly payment plan, to yield more than 8%. Mail the coupon Thomas W. Brahany and Company Wilkins Building, Telephone Washington, D. C. Main 6189 Thomas W. Brahany & Co., Wilkins Building, Washingtos, D. C. Please se0d me full information about Cities Service Preferred Stock and about your montbly payment plan for buying it. Over a Quarter of a Century Without a Loss Main 2100 OUR 6%% FIRST MORTGAGES Offer absolute safety of prin- cipal, certainty of yield and an adequate return. You take no chance —they have a proven record of safety and yield. B. F. SAUL CO. 1412 Eye St. N.W. 7% FIRST MORTGAGES— May Soon Be Found ONLY in Safe Deposit Boxes Main 2345 on payments by 350 companies. taled $160,440,000, against $101, in July last year. FIRST MORT GAGE NOTES FOR SALE IN DENOMINATIONS OF 500 DOLLARS AND UPWARDS First and Second - Randeld H Hognen ¥ G TRUST NOTES WANTED - Also Collateral Notes - - Secured By. fmproved Real Estate 3 CONSTRUCTION LOANS made at' mod erate rates.” Ample -funds; prompt act:ou LE v BREUNINGER, Estate Mortgage : & Gaaranty Carp. HE Government paid 49 for money last December. It bor- rowed rates at Money where. 2% % are declining every- in June. Seven per cent First Mortgages on high-class improved Washington prop- erty may soon be found only in the safe deposit boxes of fortunate in- vestors. We still have a limited quantity of attractive First Mortgages, including the popular $100 denominations, which will return the investor 7%. If your money is not now available, but will be frée in the near future, we will reserve your investment for you at your request. ‘ You will do well to arrange for the investment of your funds now, in case the interest rate declines. Swartzell, Rheem 8 Hensey Co. 727 15th Street N. W. < 55 Years Without -Loss to An Investor