Evening Star Newspaper, August 21, 1924, Page 29

FINANCIA NEW YORK CURB MARKET LIBERAL SUPPLIES - OF PEACHES HERE Dealers Urge Canning—But Few Price Changes at Center Market. There is but a rlight demand re- ported for liberal supplles of peaches coming from North Carolina and nearby States. It is reported that the North Carolina output of the fruit is exccptionally large this sea- son and shippers bought 2,000 tons of ice in this city to protect their fruit in transit. “Now is the time for canning and preserving.” raid a dealer this morn- ing. “Peaches probably are more plentiful at this time than they will be later. and prices probably are as cheap as they will be at a time this season.” Poultry. butter and egg prices have undergone no change since early in the week. Pork prices continue high, while bezt, veal and lamb prices con- tinue almost stationary, the veal mar- ket being a trifle firmer. U. 8. Agriculture Review. The daily market report on fruits and vegetables compiled by the Mar- ket News Service Bureau of Agricul- tural Economies say Cantaloupes — Supplies demand moderate; market fairly East Shore Maryland and re, standards, 36s and 453, Sal- mon Tints, 1.75a2 00: Jumbos, 455, few best, 3.00; fair quality, 2.50: Arizona, standard crates, Honeydews, large size, al.75; small to medium size, moderate, Peaches—Supplies liberal; demand moderate; market slightly weaker. North Carolina, bushel baskets, El bertas, best large size, 3.00a3.25; sixes, Elbertas, Belles and Hales, large size, 2.50a2.75; few, 3.00; Vir- ginia, sixes, Elbertas and Belles, large wize, 2.75; small size, some green, wide range in prices, 1.25a2.00. Potatoes—Supplies light; demand light; market steady. Virginia, Nor- folk section, cloth-top slat barrels, Irish Cobblers, U. 0. 1, 2.50a2.65; East Shore Virginia, cloth-top stave barrels, Irish Cobblers, U. S. No. 1, mostly 2.75; New Jers, 150-pound Irish Cobblers, U. S No. 1, 2.60 5 per sack. Melon Demand Improves. Watermelons—Supplies liberal; de- mand improving; market steady; sales direct to retailers; Georgia and North Carolina, Thurmond Grays, 34-36 round average, 90; 30-32 pound aver- age, mostly 75; 26-28 pound average, 60465 each. Tomatoes — Homegrown light; Baitimore Section, truck re- ceipts light; supplies moderate; de- mand limited; market slightly weak- er; homegrown, half bushel hampers, No. 1, 1.50a2.00; Baltimore Section, 14-quart hampers, best, 1.25a1.50; some fair condition, 1.00. Onions—Supplies limited; demand moderate; market steady; Massachu- setts, 100-pound sacks Yellow varie- ties, No. 1, 3.50a3.65; few higher. Lettuce—Supplies light; demand moderate, market slightly stronger: New York, crates, Big Boston type, : some fair quality and 2.00. receipts condition, Cabbage Prices Lower. Cabbage—Supplies liberal: demand limited; market slightly weaker. Vi ginia, bbl. crates, round type, 1.75a 1.90. Pears—Supplies demand moderate; market steady. Oregon, boxes., Bartlettes, extra fancy, 4.25. Corn—Home grown receipts very light; demand moderate; market strong. Homegrown, 5-doz., bags, sugar corn, 3.00a3.5 Apple: moderate; and Virginia, early varieties, RATES ADVANCED ON TIME MONEY Investment Markets Feel First Change of Kind in More Than Year. liberal; market steady. bu. baskets, 1.50a2.00. Maryland various ®pecial Dispatch to The Star, NEW YORK, August 21.—The im- portant incidents today in the finan- cial markets were the ralsing of rates on time money and bank ac- ceptances and the consequent heavy selling of United States Government bonds. So much has been written and said on the subject of the extraordinary money supply that the marking up of time loan rates for the first time in over a year came as somewhat of a surprise. As a matter of fact it was a happening quite proper for the season. The time has gone by When the prospect of heavy crop mov- ing demands can arouse the least ripple of uneasiness. With Federal reserve rediscounts at their present minimum, the idea Of even the very large shifting of funds to the West and South involy- ing any strain is out of the question. So is any possibility of existing Wall Street loans being disturbed unthink- able. It is a faot, however, that on account of the remarkable rise in farm prices the agricultural States will need this Autumn an unusual amount of money. It is also true that on account of the movement of Wheat to market being exceptionally early, these demands have begun to be felt before the customary time. Efforts are evidently being made to exploit these conditions to the advantage of money lenders. SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) er: Aluminm Co. of Amer. 7s 108% Aluminum Co. 5f Aumer 1 ‘American Sugar (u 1987 American Tel: & Tel, fa 1935 1925. 1985, 1¢ Chi,, R. 1. mbia Gas & Du_Pont 7Tis 1931 Federal Sugar Ref. 6a id33. Fisher Body Corp. 8s 1927. 5 1 Westinghouse k. & Wheeliag Steel 68 19%6.......0 1 LIVE POULTRY LOWER. GHICAGO, August 21.—Poultry— Altve, lower; fowls, -18a84;- brail 100 lo1% Supplies moderate; demand | Received by Private Wire BY WILLIAM F. REFFERNAN, NEW YORK, August 31.—While ve- alizing sales were having their effect in certain directions in the curb mar- ket today, public utllity stocks as- sumed leadership of the upward movement. American Power and Light continued its advance opening at a new high of 403 and gaining fur- ther ground. Buying of this stock fol- lowed the recent announcement that the company was considering split- ting the present shares of $100 par value into new stock at no par, stock- holders to receive ten shares of new for each of the present. Commonwealth Power was another feature, opening between 102 and 105 on oniy five hundred shares and eub- sequently reached 10d. Dividends are being paid at the rate of $4 annually. However, it has been expected for some time that the rate would be increased in view of the large earninga. Ameri- can Foreign Power up 5% points at one time, Western Power up over 3 Direct to The Star Office and American Gas and Electric new at 791 were others. that were unususlly strong. Engineers Gold Mines furnished another feature following Its read- mittance to trading which was suspend- ed on June 28 last. Opening at 11, the stock was bid up sharply above 14. Realising sales made themselves feit in New Jersey Zine, and caused a drop of 5 points at the outset. This loes was Iater retraced Operations for the rise in Fiim 1 spection and Heyden Chemical were again large. It is understood that the same interests are buck of the buying in both stocks. Motor shares in the late afternoon were taken up under the fead of General Motors new, which crossed €0, and Durant, which reached 20, Oll shares held up fairly well in face of rather unfavorable trade news. South Penn Qil, after brea ing 5 points, restraced the loss, while most other standard issues were above the Wednesday final. ———————— NEW YORK, August 21.—Fallowing is an official list of bonds and stocks In on the New Yonk Curb Market today: Sales in thousands. 11 Allied Packers 20 Alum 19 35, Am Pow & Lt 6™ 3 Am Rolling Miils 8s. Anaconda 6. . B eel Ts '35 Eanip T P 5Rs. .. Childx Co_6x. 1 Cit Serv Ts Cit Serv Tx D Con Gax Ralt @%s D e Textiles S Co Tig 5 Detroit City Ga Detroit Edisen Do Tire & R 5 Federal Sugar 6x. 1Pt = 95! 44 5 FOREIGN BONDS, 24 Great Cons EI Pow.. 9lia 10 Indus Bk Pinland 7s 5% 48 Indus Rk Japan e wl 100 L1020 101k Sales STANDARD OIL ISSUES. in nnits 1100 Anglo Am Ofl . 60 Buckeye P L . 1 Chsbgh Mfg nw wi 50 Cumberland P I, 200 Humble Ol & R o 290 Imp Oil of Can 20 Ind P L . i ero el Co ltd! 40 Magnolia Pet . 10 N Y Transit 100 Ohio Oil_new 310 Prairie Ol & 100 Penn Mex Fuel 170 Prairie P L . 320 South Penn Oil 20 8 0 Nebr 1900 8 0 N Y new. 70 § O Ohio ... 1400 Vacuum Oil new. Sales INDEPENDENT OIL STOCKS. 10 Big Indian Oil .08 .08 .08 1 British-Am Oil. 33% 33 33y Washington Stock Exchange. SALES. AFTER CALL. Capital Traction Co.—10 at 83, 2 at 83. Meney—Call l0ags, 5 and 6 per ceat. Bid and Asked Prices. BONDS. PUBLIC UTILITY. : & T Telconone of V. . & P’ Telephane of Capjtat Traction . K. ba.r Wash. ; 4 Wash, Rwy. & Elec. Gen. 8a.. MISCELLANEOUS. ,.C. Py . Rij Rikgs (short). o Morket cgba"éiéhp . Merl Wardiman Park Hotel 66" STOCKS. PUBLIC UTILITY. American Tel. & Telga 55 it NATIONAL BANK. * Distriet Fermers & Mechanicy’ Federal-Americt is NEESBEEEY 5 ® TRUST COMPANY. American Security & Trust. TakEeE B =58 " oBoHuY ® Ei8enila B, . F t 7 Carib Synd. 31 44 Cit Re e ) Ohio Ranger Beer 0.1 Corp, Penn Regver O Pennock Oil .. (3 Eomud.! == fdlA.'lfiifi pr G & E vew wi L& Austrian C B wi Armour Teather pf 81% Atlantic wi 13 Rorden ... 12 Burroughs A M new 55 Burroughw wi pfd.. Brookiyn City R it Candy Preg Cor wi .. batigrion 12 ol SR FREE Pruit Co FRREY AN Ny Yo P4d 00 uopiepuncd % 1 19K Jamng O 91Hang a Jaiyaoq ivear Tire I Bwitch ignal, Haul switch ig pt Hazeltine Corp wl.. 23 Chem LIRSS - FROPS 3% ' ommmmn o €l n Lupton ¥ M A Nor 8ta Pow Cor pf Omni Cor A pfd wi Omni Cor v t ef wi s Win Fr Co A Radie Corp Radio Corp Radio new new Reo Mot Rova Rad 'Co i ef Prnvtefwi Singer Mfg % C &l B b n g ORI = Routhern Std_Rule Stutz Swift Swift Tenn Tenn Thor Lot I Uni Shoe Mach Lt & B Ward Bak Cor B'wi Ward Bak Cor pfd Ware Radio Car wi Wenter Fowe i 8p o wiv e Yel Taxi Corp N Y r Cons Bingham Mine 33 Black Oak Gold My 30 Calumet & Jerome, 2 Dolores Esper 10 Emma Stiver 47 50 Eureka C; Fla Goldfield 5 Fla Div COD Rts wi Min BB LR BERRRERE e 1 Hollinger 4 Hecla Mine . *E . 8RER.BHR Copper Corp.. Star . rean Nend Lid. ew Cornella * 2852, & i 23, > 80 Reorgzd Dix Anwex 10 Reorgnzed Kewa 10 Rescue Aul A wi 6 Rky Mt 8m & 4 Bky Mt 8 & R pfd 381 Rilverdale 90 Spearhead Gold 50 Stand Silver Ley 30 Success Mines 14 Teck Hughe: 9 Tonopah Extens 10 Tono Jim Butler .. . 3 Tonopah Min . i;;a! 2 5280 8535 10 West Utah. rn?zlaz xgnm!' (Quotations furnished by W. B, #old value. agen, crown . Christiania,” crown . Stockholm,” crown PREW YORE "Auguet 21.—Foreign exchanges fir; yotations (in United States dollars): Great Britain, de- mand, 4.51%; cables, 4.51%; 60-day Wilis on banks, 4.48%. France, de- mand, .0845; eables. .0546.. Italy, .0443%; cables, .0443. Belgium, de- mand, ,06043%; cables, .0505. Germany, demand (per trillon), 23%. Holland, .3880. Norway, .1387. Sweden, .2658. Denmark, .1618. Switzerland, .1878. .1340. Greece, .0133. _Poland, 00193, Cl.echodovlkll. 300, CUT IN PRICE OF 0] PITTSBURGH, August 31L—A 15- cent cut in the price of oll in the lines of the New York Transit Company :lld a ll::hr r.dnc:l:: of Bradford 7 the Seuth Penn Ol Company. “Tha BeW RElen da — Europe May Change World Prices. BY J. C. ROYLE, Speeial Dispateh to The Btar. NEW YORK, August 21.—Europe | Dj knows mnot only on which side its bread is buttered. but on which side it Is sugared. With exceptionally ®ood weather favoring the European Erowers of sugar beets, there is every prospect that Europe's sugar produyc- tlon will be 1,800,000 tons above that of last year. It follows therefore that Europe not only will sugar its own bread, but will sell enough of the sweet product to provide addi- tional bread and butter. This fact has an Intimate bearing on the United States and one of its bagic industries. Cuba {s looking for- ward to a record crop in 1925 unless both weather and labor fail. There is more cane on the island than ever be- fore, and the condltion of the flelds ix good. At least three new mills will be completed in time to grind next season, e Competition Seenm. The world outside the United State therefore, is preparing not only to fil its own sugar needs, byt to compete with America in every foreign market and even sell its product to this country, should prices and customs dutles permit. Every country, Including the United States. has had its bitter experience in being dependent upon forelgn sources of control. In 1921, when the Cuban planters controlled the visible supply, they ran prices up to 25 cents a pound In the United States. These prices continued until Ame: ican-grown sugar came on the market. Sclentists and farmers declare cul- tivation of sugar beets was a large factor in bullding up the agricultural resources of continental Europe and citizens of European nations naturally are anxlous to utilize this crop to the fullest extent In restoring their lands to former productive capacity. It was the boast of Germany before the war that the country had become agricul- turally great by selling to other na- tlons sugar which took nothing from the land, but was derived from air and water through the medium of the sugar beet. and buying abroad wheat and other foodstuffs which made heavy drafts on the fertility of the soll. Same Claim True Elsewhere. Other nations in Europe have learn the same lesson. In Csechoslo- vakia, for example, the government has fixed the wholesale price of sugar at a figure above the level of the world markets so manufacturers could pay producers a good price for their beets and keep up cuitivation of the crop. Rumania, Bulgaria and Jugoslovia have greatly increased their productien of sugar while Lat- via, Lithuania and even Pinland are making a strong effort to supply the sugar requirements of their peoples from their own soils. These facts are born out by recent American visitors to Europe. “The war gave European agricul- ture a terrific set back,” said A. E. Carlton, president of the Holly Sugar Corporation, who has just re- turned from a two months, survey of the European situation today. “In- ability to apply fertilizer, lack of la- bor and the necessity of concentrat- ing on emergency food crops have caused a rapid deterioration of the soil and the European mations nat- urally are anxious to utilize the hest crop in restoring tkeir lands to for- mer productivity. Protection New Urged. “The most striking example of the irportance of the situation is fur- nished by Great Britain. Before the war Great Britain was fully com mitted to free trade. With a great industrial populatien it bought its foed in the cheapest market. It pur- chased sugar to the extent of some $200.000,000 a year, much of it from Germany and ~ Austria-Hungary, and refused to do anything. to encourage sugar production at home or In- its colonies. The result was to build up the resources of the central empires. This lesson has not been lost on the British. “Recently the labor government of Bngland, representing the class most opposed te protection, introduced into Parilament a measure providing a protection of over 4 cents a pound to sugar produced within the United Kingdom against imported sugar and providing a smaller degree of proteo- tion for sugar grown in the colonjea. ‘Would Raise More Beets. “The United States has its own agricultural preblems. We are pro- ducing too mueh of certain craps, ‘which cannet find a ready market in the present depleted state of foreign finances, and spending hundreds of millions & year for other products we might produee at home. We need greater diversification of crops and a more extensive cultivation of home markets. No policy would do more for American agriculture than the encouragement of the sugar beet cul- ture. “In" support of this contention do- mestic sugar mem point to the fact that this time, when the Cuyba crop largely has been sold and the market might otherwise be subject to manipulation by refiners of Cuban sugar, California beet sugar, the first of the domestic crop to reach the market, is being sold as far esst as Chicago at 6% cents a pound, sea- board basis apd guaranteed against decline, thus stabilizing the market. s BRIGHTER OUTLOOK HELPS STEEL SOAR Stock Made Record High in 1917. Company’s Surplus Now $520,000,000. By the Assoclated Press. NEW YORK, August 21.—A grow- ing beliet in the financial district that the iron and steel trade has taken a definite turn for the better. was said to have been the basis for heavy buying of United .States Steel common in yesterday’s exciting tra ing on the stock exchange carry- ing the shares to 1.11%, the highest price since 1919. The record high of 1.36% was reached In 1917. Steel trade analysts look for continged gradugl improvement. The steel corporation’s surplus is unofficially estimated abodt $520,000,-. 000. This is more than the common stock which is. 5508,302,000. Sesn R e Comsalt Your Banker. : If you are inexperienced in inveat- ing money, it is very unwise.to plunge into unfamfiar ventupes. You will profit by consulting same one who is familiar with such affajrs. (Consult your banker as to the yery. umv&m.u-u‘m creased 000 bullion increased 636; other securi 0. 21,—The weekly Bank of England following changes in Total reserve increased circulation decreased §) ties increased 2, and Rio Grande Bondholders Plan Fight on Would-Be Buyers. By the Associated Pres) . Aygust 21.—Judge mes of the United States trict Court named Beptember 3 for hearings on fixing the upset pric for the Denver and Rio Grande Wes ern Rallroad, which probably will be oftered for sale at auction. At the same time Judge Symes declared he would hear arguments on the peti- tions of Harold Palmer, New York, who filed a petition In Intervention a few weeks ago, as a representative of the holders of a number of first and retunding mortgage bonds of the railroad. Demand $42,000,000 for Road. The fight against the reorganization was further complicated when Horace W. Bennett of Denver, a large holder of the same bonds, filed a petition identical to that of Palmer's In the United States Distriet Court. The petition alleges there is no basis in Justice or equity for the proposed re- organization of the railroad. and sets forth that if the road is offered for sale at auction the upset price be fixed at $42,883,875, representing the par value, together with accrued interest of the mortgage bond lssues. The petition sets forth that the par value of the issue is $38,119,000, and that the accrued interest totals $4,764,875. Call Line Worth $11,000,000. Attorneys for the Missouri Pacific and Western Pacific Railroads, prob- able purchasers of the road if it is offered at auction, have intimated that they will urge the court to fix the upset price fo the road at & figure near $11,000,000, which now is declared to be the approximate mar- ket value of the mortgage bonds. ‘The hearing on the petitions of the two intervenors probably will require veral days before a final fixing of the upset pri JULY CUT DOWN GASOLINE STOCKS Decrease of 2,148,577 Barrels Re- ported—Gain During Week of August 16. By the Associated Press. NEW YORK, August 31.—Gasoline stocks decreased to the extent of 2148577 barrels during July, ac- cording to reports received by the American Petroleum Institute, cover- ing approximately 65 per cent of the operating ecapacity of the United States. Pipe line and tank farm crude oil atocks east of the Rocky Moun- tains increased 1,934,000 barrels in July. s The daily average gross crude oil productions of the United States in- creased 18,700 barrels for the week ended August 16, totaling 2,029,650 barrels, while production east of the Rocky Mountains was 1,411,200 bar- rels, an increase of 23,400. Daily average imports of petroleum at principal ports for the week ended August 16 were 147,571 barrels, com- pared with 182,429 for the previous week. Dally average receipts of Cal- ifornia oll at Atlantic and Gulf coast ports for the week ended August 16 were 100,286 barrels, compared with 148,286. There were no changes reported in crude oil prices for the major dis- triets COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY POPPLE. Minn, August 21.—Five hundred Indians are harvesting the| 1924 wild_rice crop which esti- | mated by F. L. Vance, “wild rice king of the United States,” to be th largest in 25 years. Vance expects to ship 60 tons. NEW ORLEANS, August 21.—Un- usually good prices are being paid for early receipts of rice, with Hon- dur; bringing as high as $5.56 a barrel for rough and 6% to 7 cents a pound clean. Other grades are sell- ing almost as high for rough, with Blue Rose clean quoted at to 6%, and Carolina at 7 cents & pound. ST. LOUIS, August 21.—The Fed. ated Fruit and Vegetable Growers reports that the shipments handled by the concern from: all sections of the country in the first seven months of this year exceeded the correspond- ing sales in 1923 by 50 per cent. LANCASTER, P; August 21.— Marketing of this year's tobacco crop has progressed far enough to indicate that results will be fairly satisfactory. Activity in cigar factories in the Pennsylvania towns has improved re- cently. KANSAS CITY, August 31.—Country merchants in this section are being beseiged by representatives of East- ern implement houses, who have been attracted to the Middle Weat by re- ports of improved conditions BOSTON, August 21.—Although about 3,000 garment workers have re. turned to work, following the success of their strike to compel employers to abide by agreements mot te send out work to nen-union contractors, about 500 workers employed in two open plants still are out. HOUSTON, Auguat 21.—Cattle men in this State expect to market 10 to 15 per cent fewer animals in the re- mainder of the year thgn in the last half of 193, when 1,369,649 head went out of the State. VANCOUVER, Wash., August 31. Shipments of green prunes from this port to Chicago, Cleveland, New York and other Eaatern cities, is now un- derway, at the rate of 135 cars a week. Thig yate will be maintained for four weeks, gccording to rallread traffic officials, Growers are recelv- ing $20 to $25 a/ton for their fruit. MORE WORK IN B. & 0, SHOPS. BALTIMORE, August 31 (8pecial). —The Baltimore and Ohio Rallroad, n anticipation of a marked incresse in traffic during the remainder of the year, has started to put {ta equipment in order, and has called back to servs ice several hundred repairmenm, who were Iaid oft months ago. One bun- dred men have been put ‘te work at the Locust Point shqps, on boX-ear ve- w?, and additional men are belng ployed in other shops of the dom- pany over the whole system. PARIS BANK STATEMENT. PARIS, August 21.—The. weekly lmemcnlth of ‘to?]qe'li::k 9f Franoe e G ohanges in 18,000; silver in hand inereased 148~ 000; notes in olrculation decreased treasury deposits im- Secured by first @eed of t Joseph lients with funds 0 ‘purchase —good . BBCOND TRUST NOTES in denomina- tions of from $500 to $10,000. Low rates if security is good Apply at Once to Our MORTGAGE DEPARTMENT ON, 713 and 715 14th Street N. Main 3345, Our First Mortgage Notes Are the type of investments that apyesl to conservative investors. Banks Recommend Them thi it eomservative inetitu- % ons "one "¢an g0 to for sdview.) Buy them and the thought of worry can be dismissed from your mind. We have on hand a limited amount in denominations of $100 and up. Bearing 7% [ Bmscvent: Chas. D. Sager Loan Departmesnt 924 14th St. NW. Mam EQUITABLE Co-Operative Building Association Organized 1579 44th YEAR COMPLETED Asnets .. ..$4,785,170.33 Surplus . - .81,348,320.98 It’s Easy to Save Through Our Systematic Plan. —and you will eventually be financially strong. Let us tell you mere. Subscription for the 87th Issue of Stock Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F ST. N.W. JOHN JOY EDSON, President FRANE P. REESIDE, See’y. FEDERAL-AMERICAN NATIONAL BANK RESOURCES $13.000.000 1315 F ST Jouu PooLe Musmew A Way to Keep Free of Investment Worries Buy our First Mort- gage - Notes which yield 6%% and are secured upon at least a two-for-one basis— and be free from all concern - about - the Safety of your money. Try us in any amount from $100 up—we've never lost a dollar for an investor. Send for details to our— Mortgage Investment Department HANNON 5 713 & 715 14th St. N.W. Main 2345 Money to Loan on real estats com & Tress Prevajliug interest Wash. L. oth & F W. W, 1. Weller '3 Assets of $9,000 Behind Each $1,000 Bond Cities Service Company 7% Gold Debenture Bonds are backed by assets of $9,000 for each $1,000 Bond out- standing. This is a margin of safety equal to a. ratio of 9to 1. These Bonds (Series D) carry a valuable conversion privilege which may be exercised at the option of the investor. $10, $50, $100, $500, $1,000 Now Yielding 7'/2%, - | Washington, D. C. - Main $180 me complets in. form.(lo‘?al'u'.m. .ro ’D"' 6,000; lfilld T FINANCIAL Telephone & Telegraph - Cempany . 140th Dividend The regular quarterly dividend of Two Dol- enty-Five Cents-pas shese will. e FOR SALE FIRST MORTGAGE NOTES Consult Us It you have funds for investments THOS. E. JARRELL Membor-Washinglon Rzal Estate Boerd. | Weodward Bidg. Main 768-3370, i Wedpesd; 24 close’ of business on H. BLAIR-SMITH, Treasurer. FIRST MORTGAGE NOTES FOR SALE IN DENOMINATIONS OF 500 DOLLARS AND UPWARDS Randodl H Hogner ¥ G, 7207 %mwfi'ml Jfiwma R R e Opposite New Walker Hotel FOR RENT Dentists or Physicians This building is especially adapted for their use. Located in the heart of Washington’s fastest growing uptown business section—within walk- ing distance of most of the Government depart- ments and banks—accessible to car lines. For Particulars Apply Randall H. Hagner & Co. 1207 Connecticut-Ave. Hitz Bldg. Conn. Ave. at L St. September, 1814 —that Key composed the “‘Gtar Spangled Ba ner,” seme menths sub. sequent to the organiza- tion of this bank. 1 From _Key's yours, The M has st The service, to depositors, large and small. Are we serving YOU? National &= Metropolitan Bank OLDEST National Bank in the City 15th St., Opposite U. S. Treasury Your Vacation Check ERE you one of the fortunate ones to whom we sent our checks during the last two months in payment of interest on in- vestments in our First Mortgages? ‘These checks probably came in very handy to some as a means of financing their summer vacation. When you invest in our First Mort- gages at 615%—and more—you know the day you are to receive your interest and how much you will receive. You can pave the way for a vacation check next summer by making your invest- ment now, while we are receiving a high rate of interest. Next week or next month may be too late, so we sug- gest consulting us now. Swartzell, Rheem & Hensey Co. : 727 15th Street, N. W. 55 Years Without Loss to An Investor YOUR MONEY CAN EARN A GOOD RETURN WITH SAFETY By investing it in OUR FIRST MORTGAGES They are steady, stable, non- fluctuating securities that you need never worry over. B.F.SAUL CO. 1412 Eye St. N.W.