Evening Star Newspaper, September 24, 1924, Page 27

INANCIAL . COOLER WEATHER AIDS MEAT PRICES Plenty of Poultry—Best! Grades of Eggs Hard to Obtain Here. {; L% There was rezistered in the Sle market thi lume of busine s sle exception of meats. were rted to b The cool speil today favorable effect on fresh meats. which were reported by dealers as follows: to © conts: Western ca'tle nearby. 17 to 18; steers re 14, and lambs, 23 teo 23 There was a sterdy market reported for nork. which was quoted s 8 miutiae e skl neuts also fared much better. The latter are scheduled to enjoy much more vopularity with the com- ing of Winter than they did in the Summer months ot much enthusiasm Wash'ngton whole- | morninz the and with the pos- | the products just moving had a rather| 10 to 1 15 to 16: heife Todny's Prices on Exgs. Jabliers in ggs reported prices at d 35 cents for cold storage, 40 to Western. including selects, and for neatby. v 15 Erides of but- rangod from 40 to 486 cents a pound 15 ter moprice The commission men were ¢ in nmoving some of the over from last week and at (&ing the time absorbing current receipts. furnished the important’ ques- tion for discussion. a- gdod quality supplios are very searce. Fresh candled stock was being offered in wholesale lots at 40 to 42 cents, they reported. Live stock s being re ceived at a fair rate, calves bringing 10 cents for top and lambs 12 to 1312 cents. same RS st Toultry Supplies Likeral. The poultry market seemed well supplied from last week ens of very best quality were to 25 cents. while lesser went from 20 te 24 Old hens. and large. moved at to 27 athers. 20 to 24: ducks#15 to #raggy: turkeys to 30: toms. U5 to 00d size arc sald o bring a of from 60 to 75 cents apiece The Department of Agriculture’s | report of the fruit and vegetable mar- | | | to be priced grades hea cents; 18 and price X t follows Vegetables and Froitx. Apples moderate Virginia, 21 cious, 70049 0 some Rushel Supplies liberal, demand | market steady. Barrels inches up, No. 1 00 No. 1. Grimes fair condition, baskets. Virginia and Mary various varieties, 1.00a Grimes and Wealthys, 1.25 $2.00 No. 1. Delicious, 2.00 deli- | ipplies market er ton liberal, steady. round demand New York. fpe. 25.00a limited bulk 30.00. Melon Demand Cantaloupes demand moderate Ste: Supplies moderate. | market firm. Col- orado. salmon tints, standards. 43s mostly 3.00; flats 125 and 15s, 1.1a: jumbo 12s. 1.15a1 standard crates Loney dew mostly Onions—Supplies nioderate, market and Ohio. 100-1b No. 1, 2.25, some Peaches—Supplies modérate, market firm. Pennsylvania bushel baskets Llbertas, large size. poor color. 2.75a3.00; New Jerse baskets Elbertas, 3.50a3.75: Virginia and Virginia, bushel baskets Salways and Smocks, large size, 2.75, size, 2.25; Mar; land. bushel baskets various varieties, mall size, 1.30. Pear Market Dall. Pears—sSupplies liberal. demand moederate, market dull. New York, bushel baskets Bartletts, 230a3.00, mast 75; Clapp Favorites, 2.00. Oregon, boxes Bartletts, fancy. 4.25a4.30. Potatocs —Supplies mand moderate weaker: New Jersey, U b sacks 1 reen Mountains met 5 per Sweet d hore moderate steady sacks, demand | New York vellow varie- small size, 2.00 light, demand extra moderate rket cobbler< 2.40a2.50; Supplics light market steady: cloth top stave varieties, No. 1 homegrowns, de- slightly e No. giants potatoes moderate; Virginia cls. vellow mestly Hall de- 5.50a5.75, £ Nancy 5.00, Celery Prices Lower. Celery—Supplies moderate; demand moderate; market slightly weaker; New York, two-third crates golden Lclf-blanching in the rough, few sales, 5 Lettuce—Supplies moderate: de- mand moderate; market steady; New York crates big Boston type. fair quality, some leafy, 1.25a1.50. Tomatoes — Homegrown, receipts light: demand moderate: market steady; hemegrown, one-half bushel bampers, No. 1, mostly 1.00 Corn—Homegrown, receipts drmand moderate; market liomegrown, five-dozen bugs per dozen light; HEATER TEST SUCCESS. NEW YORK 24.—The Seuthern Pacific understood to have madc a test of the locomotive feed water heaters system controlled by the Worthington Pump and Ma- chinery Company and has found a ®aving in fuel to be approximately 10 per cent. Fifty locomotives being built for the Southern Pacific by the Baldwin Locomotive Works were said to be having this system installed. Seplember COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY BOSTON, September chugetts _cranberry growers. who raised 137.945 barrels last year, ex- pect 4 vield of 113,123 thix year. The crop of 1923 was 410,000 bar- 3,400 is the 1924 estimate. is good. 24. — Massa- PUEBLO, September 24.-—Colorado coal prodyction to date for this year totals 6,280.781 tons, decrease of 193,570 tons from the corresponding period of 1923. SAN ANGELO, Tex.. September 24. Fall wool of five to six months' Erowth has reached a price of 42% cents a pound in the grease, a high mark for the season. AKRON, September 24.—The Gen- eral Tire Company has let a centract for an addition te its lecal plant to cost $100,000. ST. LOUIS, September 24.—Sales of the Moon Megar Car Company for the last six months have been in excess of these for the corresponding period Jast_year, according to statement Ly. the company. ST. LOUIS, September 24.—The La- clede Gas Company is now planning the énlargement of its plants from a 36,000,000 cybic feet a day capac- ity to 62,000,000 feet. The cost’ is estimated at $3.368,000. JEFFERSON CITY, Mo.. September 24—The condition of the Missouri corn crop has improved in the last products left | clean | Chick- | Young | . and young keats of | bar- | | Potomay ny w Spectal Dspy NEW i | | i ch to The Star. YORK. Septemb were & good deal majority were features was V ihis week the 9. Today round on largé Chis occurred without particular doing in oth consequently suzgested eason which did not ol group us a whole was that the upwa discounting favora action. In the absence of reports regarding a upward cuum high the stock big down. United er One )il was transac anything er olls, The rd bl corroboration com- | puny merser, these stocks were off Bukerics. bakery whig but of Prior for the year was bid LIAM F. HEFFERNAN, 24.—Price chunges on the curb exchange today confused, the the to up tions in . and special apply t supposi- movement | dividend o the of ed hoon ING _STAR, WASHINGTON, D C NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office Tuesday had sold as high as 123, and closed at 118, dropped off some three points. Ward Baking B was also ac- tively sold Gillette Safety Razor made u new high at In the radio group Dubi- lier sold early in the day around its high of 57'%. but cume off in the after- noon Radio Corporation class A shares were well sustained, but Hazel- | tine was lower. Lehigh Valiey Coal sales reached 111y, where it was up half a point. G en A'den Coal sold at . which was its top figure. Among the public utilities the two leaders were Western Power and United Light and Power. The former was up over 5 points from where it started Tuesday morning. Realizing sales which on the previous day had carried down United LIght were checked, and the stock ran up to around its previous high +bove NEW YORK owing is :n oificial | stocks traded In on Curd Market today ns Alleg Allied Packeos Pack N Am o ol 10 Aunconda ¢ Anglo An & W Mills o 6 CLen Nery s ¢ £ Sery s 6 Cu Gax Talt TG G Balt 612 2 Cons Textiien 3s 10 Cudaby 2 tus 3 Deere & € 1 Detrolt City Gax 6 11 Detra tFdison_tis 2 Dunlop T & I 7n 15 i'edersl Suzar fs 1 Fisher Hody 1 Gair. Robt. Tn 1 Galenu Siz OF n Asphall X 20 Crand Trunk 61as 1 Gulf 0il Corp o Inid Mateh Gy Kennecott Cop 7a 10 Lenigh Power {10 Lenigi val i s, » h Sty Pow 6ls St M Gl € Tn B 1 Vacuum 0it i Vaisarine Oil 3 Wickwire S St Sales STANDARD OIL in_umts 300 Anglo Am Oil it Tohos Interl iaznolia N Y Teansit oil L 0i1 L Indiana Kansa, S 0 Kentucks 0Ny W Penn P 1 coum Oil shington Ol Penn P Candreds 2o Oil.v.ene POREIGN 14 Gt Con EI Pow Ts A o Indus M B Pinld s 49 Iod Bk of pan 6s T irdia o 8! KR of et 5. 3 e ol R 5 Rep of Peru 8 3D of Peand it 2 1433 ROND; a 54 Washington Stock - SALE & 10 at Inv oAt 16, W, o oial Mtge. & pfd AFTER CALL. raction Co. Ameriean Tel. & Telga. 4s. American Tel. & Telg Am. Tel. & Tel. ctl Am. Tel. & Tel. conv._ Anscostia & Potemac 5si Anacontia & Potomac guar C. & D. Telephone & P. Telephone of Va Capital Traction R. R Cily & Suburban Ss... Georgetown Gas st s Metropolitan K. R. 5s Potomae Elec. 15t 35 Potomac klec. Cons. s riec. deb. 6. Elec. 6 1933.... lec. Pow. & m. & ref. “Alex. & Mt. Ver. s I Alex. & Mt Wash. Balt. & Anoap. hingion Gas .. shington Gas Warn. Rwr. & Blec Wanh, Rwy. & Elec. “ 5 gen. 63 ....... (long).. ... (short) D C P Rigzs Realty Riggs Realty Souther Bld Wash. Mkt. Cold St Wardmao Park Ho STOCKS. American Tel. & Telga..... Capital Tract : s hingten Gas . Norfolk & Wash. Rwy. & Elec & Kl NATIONAL BAN National Capital.... Columbia ..-go Cemmercial Dostrict . Parmers & Mech Federal-American Libeity .- incoln Lol K atona) Metropolita Riges | E Second ... National Bank of TITLE INSURAN lambia Title S atace Title " Transter & Storage. er Linotype. . & Tnv. prd.. three Wweeks and now is 75, per cemt of mermal, indicating a yield of 187,- 425,000 bushels from 6,759,000 acres. S:ptember st of bonds 4% Ver, ctf... 24 e New INDEPENDENT OIL STOCKS 10 3 142 145 013, 243, fat Exchangei $1.000 8 10 at 9 Bid and Asked Prices. PUBLIC CTILITY. Bid 97, 100 L1010 118 ) MISCELLANEOUS. PUBLIC UTILITY TRUST COMPANY. CE. MISCELLANEOUS. 110 St —Fol- and rk Asked. 15 W% 1My S1T.000 Cit 19 Cr 30 Feden Galf o Hodson 03l Lago Vet Latin Amer 011 Moy Panuce i Mount rod Mount Gult Mutual 01l voi of< Nat Fuel tas New Rradfd oil New Mes Land NY ol Peer Oil Corp Pen Beaver Ofl Penock 011 Pierce 1 e Bank 01 Koy Can 0 & 0 Salt (K Cons Salt Ok Prod Union 011 of Cal L Wilcox Oil & Gas Woodley Pet INDUST 1" 1o 1AL8 Adirand’k Pow 7 pf 100 Amal Leather » Am'Gex & EI news 07 Am Hawsian & X Am L& Tract Am L& Tract pf \m Foser & 1t ow Am Power & it A & Fgn Pow wi Apaia: Pow & Lt Arcl Dan Midia 2 Avia Vower & Lty Arinour & o pld Atiantic “Fruit . orden' & liridgeport BKen Cits Bur Add 3 Add Ma new pf 10 Cenirif 1 Cory Cliatterton & Son pf fer Die vas Ca Dublier ¢ & Radio Du Tent Motor: Co A Tenn Elec Bond & S derated Mol Film Inspect M Ford Motor €o ( Nimon wi pfid 10110 ) s n 46 o8 Gilletie SR new wi Gen Mot new wi.. n Alden Coal 3 Goodyvar Tir: Tiall Switeh Hazeltine Corp & Man B T Hudson O pfd Tn'er Ocean Rudi Tones K 3t 125 i) 281, West Cuil rod Co pf uw 1 Pitts Term pfd Tower % Cor nd pf Praphyact Radio Com 2 Com wid Radio Carp new A Tadin Cor new A pf 4 Repett: Candy 8 Rea Motor 18 Rova Ra Cortrcfs Sierta Pac Biec Sinzer Mfx So (& 1 new Srand Tenn Thomp T Cor v.1 Vower MOz United Takerice Un Rakeries nfd Toited G & Un Lt & Pow United Pf Shar T'n Shoe Mach Carp Wanner Mall Cast Ward Bak (o A Ward Bak Co B Ward Rak Co pfd Ware Radio Corp Western Power Weatern Pow pfd. Yol Taxi Corp N ¥ e 906, 2413 e s MINING Calumet & Jerome .02 Canario Copper . X i Cons Cop Mines. . Cortes Silver ... Cresson Gold Diamondfd Bik reka Croesos . Fiorence Goldfd \n Goldpeld Deep Mns Harmill Div - Hawthorne M But » a0 ® 08 ependence Lead Jib Cons ... Kay Copper Corp Lor %il Nyn ltd McNamara Cres Dev Mispal, Extension. New Jersey Zjnc 6 Nipissing . Ohio Copper Parmac Por Plymontn 1. Mo Red Hill Florence Reorgan Div An. Hocky Mt S & I Rocky Mt 5 & R nf vordale o Amer ( pearhead '« Teck Hughes . Tonopah Extens . Tonopab Min Tri Bullien ... United Verde ¥ U & Continental... Unity Gold ... Wenden Copper White Knob Cop pf 47,746 CHECKS SENT OUT. | NEW YORK, September 24.—Divi- | dend checks have been malled to 47,746 Mines tors Corporation. Total stockholders have declined to 69.427 from 71382 in the preceding quarter. SHEET BRASS CHEAPER. NEW YORK, September 24.—The American Brass Company has re- duced prices of sheet brass % of a cent a pound, seamless brass tubes and sheet copper half cent a pound, and bar copper wire % of a cent a ! pound. i 8y Consult Your Banker. 1f you are inexperienced in invest- Ing money, it is very unwise to plunge into unfamiliar ventures. You will profit by consulting some one who is familiar with such affairs. Consult your banker as te the requirements as to bank investments: what are safe’for thelr funds are very certain to be safe for vours. It is slways { well, moreover, to seek his advice and counmsel. | WOOL PRICES ADVANCE. BOSTON, September 24 (Special).— | Fleece wools featured the trading in | Summer street toda Fine combing wools have sold as high as 61 cents in the grease or around $1.50 clean basis, and half bloods have sold at 58 cents greasy basis. Both prices represent an advance of 1 eént over the best previously reported sales. Dealers have markeéd three-eighths blood up to 58 cents and quarter bloods to 56 centa : common stock holders of General Mo- | WEDN SWEEPING CHANGES IN'STEEL INDUSTRY Abolishing Pittsburgh Plus Causes Wholly New Price Systems. CHEAP MONEY HERE FOR REST OF YEAR Investment Bankers Also Note Steady Revival in | Business Conditions. | BY J. C. ROY Special Dispatch 1o The Star CLEVELAND. September 24.— Money rates are not likely to harden to an: marked degree during the re- | mainder of the year. Bond pricesand markets give indication of a con- tinued steadiness. The agricultural situation is decidedly improved. There is prospect of a steady and healthy revival of business and in- dustry throughout the country. Those are the conclusions which many mem- bers of the Investment Bankers' . sociation have reached after inter- changes of views among delegates from all sections, lasting for the three days of their convention here By the Amociated Press NEW YORK, September steel industry ‘ix in the first throes of adjustment to the new D regime under which Pittsburgh bas- ing is abolished und steel products are quoted f.ob. mill or delivered| at buyers' plants,” Iron_Age savs. | ince Thursday, when the corporation’s intention to comply the Feder#l Trade Commission's der became public, the market i been in great confusion. Meanwhile little business has been done “Following the steel corporation’s | action the Bethlehem Steel Corpora- tion and some other independents whose plants are outside the Pitts- burgh distriet have indicated that they will no longer use Pittsburgh basing. Until the situation is made clearcr, various independent com- panies are naming delivered priges| only, others are ~til using (he Pittaburgh base This week, as the Iron Age piz iron price stands at $19.45 per contrast, the composite price ished steel has shown three reces-| sions in as many weeks, from 2510 cents per pound on September 4 496 cents, 2481 cents and cents successively. The new burgh wire price, which is $I below that recently quoted, ported for the decline to 2474 this week EVERYMAN'S INVESTMENTS BY GEORGE T. HUGHES. 24.—"“The steel | with ! or- has Long-Term Ixsues Urged. Arrival at these beliefs whose fingers are constantly on the financial pulse of the country is of far more importance to the public as a whole than the settiement of the various technical questions which have been discussed here. This is even true in regard to Government financing. C. S, Dewey, Assistant Secretary Treasury, left with by for five weeks past composite ton. In for fin- of the many of the bankers the impression that refunding of Government war oblizations would probably be of the short-term character. Some of the bankers were not hesitant about declaring their opin- ion that the Government should utilize this period of low money rates to do is refunding on a long-time basis and get it out of the way of investment issues affecting industrial financing. 4 Pitts- a ton is re- cents Farm Profits Partly “Paper.” As to money rates, the general| opinion expressed today is that there {18 too much money in the country today to allow of any sharp rise in | interest rates. The bankers reali that part of the farm profit: of th season still are “paper” profits, and may be wiped out by injudicious marketing on the part of the agri- culturists, and that danger from u verse weather is not past, although it is growing less constantly. Never theless they are a unit in declaring that the farmer will have money this Fall. That surely will mean creased buying power, they say also will mean that thousands of peo- ple will counting on getting or Contriving to get a part of the farm- ers’ money BUILDING AND LOAN ASSOCI- ATIONS. Seventy-fourth Article. the preceding article ir series some of the general facts taining to building and loan associ- ations were stated ause of the arying laws under which these asso- ciatlons ¢ in the different States. it = not possible to give de- tails which apply to all of them. It will help, however. toward under-| standing the methods if the case one association. operating in New York State Iy taken for illustratio Two Clasen of VMembers. There are s SXsiSing fon el Cash. those who borrow and The bankers add that one of the|Simply save. It is the funds of the| most healthful signs of the situation | latter which make possible the loans is that the farmer does not seem in- | to the former. There are two Kinds clined to part with his cash fool-| of shares those requiring a ly. Experts in the farm mort- | specified sum to be paid each month gage field declare there is little evi-|and the other one which any dence of inflation or “delusions of |amount may be deposited at any t grandeur” on the part of the men | The dividends paid on the first class wito make their living from the soil |are 6 per cent and those on the sec Farm lands » shown little in- | ond « 5 per It is surprising crease in price valuation as a result|how rapidiy money accumulates whe the present harvest | dividends pounded every Demand for farm lands made | months, even at only 5 per ecent appearance, however, for the first| §1.00 honth s the | time in some years No period of ex 47 months will amount to $2 travagance or f{renzied buying is|If the rate per cent the | forecast. Most of the farmers of course, is more rapid | ports indicate, are paying their Loans are made to members only. and | debts, buying what they need and|the mortgages are paid off by monthly | protecting themselves against a fu- | installments of 1 per cent, covering both | ture year which may not possess con- | interest and reduction of principal, and ditions so advantageous as 1924 requiring 11 years and T months to pay The trend toward mergers and con- | off the entire indebtedness. In the case | solidations has been given full con-|of free shares—that is, the shares of sideration by the men assembled | members who are not borTowsrs—with- here. who undoubtedly will handle |drawals may be made at any time, the financing of the majority of these | though if the withdrawals are made combinations. A score of deals in- | before the shares are five vears old volving a merging of interests to cut | portion of the credited dividends ie for- costs have been under discussion.|feited. This loss may be saved, how- This not only includes the combining | ever, if the member wants temporars of various railroads, but the consoli- | accommodation onls by borrowing from | dation of groups and individual con- Seociation. putting up his pass book cerns in the industrial field as security. In this way he may &ecure The mergers are directed toward | up to 0 per cent of the value of his ac CUting the cost of production at the | count. Later when he pays off the loan top instead of at the bottom. The | his interest in the association is u labor situation has given rise to lit- | paired tie in any discussion bevond the ex- | PlansiGarerally pression of satigtaction over. the ipres={ 1y member borrows to bui'd a ent increase in employment in and its |, L 0 & SR POTEIRS (8 nd ape attendant improvement in publie buy- | F7U0se The s et o e ctor ing power. 5 the pias 76 the o The conclusions drawn by the ‘K’;“;;‘,:“""H‘l‘ ,,”‘:‘h‘““‘:L,f,wmn, bankers would seem to indicate that | FOSSeT JOT, T AL e e | business men would not hesitate dur-| ;g gpecifications for prospective home ing the remainder of the year to con- | pyjigings at a nominal cost, which is tinue expansion of operations in a|yery agvantageous to those lacking ex- RIOHERo L ndoztries perience or confidence in their own abil- | DYSART TO HEAD BANKERS, |V (0 Select an architect. The fact that the association is willing to make a loan _ on the proposed building is also an +n- dorsement of the reasonabieness of the Washington Man Bleted a8 l0ns of | e lne sroposea bullding - Aw his Vice Presidents. been stated, different associations have By the Ameciated Press, CLEVELAND, September 24.—Ac- varying provisions, both as to savings and as to loan (Cepyrignt, 1 tion on committee reports and the election of officers today will close the thirteenth convention of the In- | the ieentn convention st t1e 11| Momey to Loan | America Secured by st deed of trust on real estate As there was only one ticket in the | S PT At dred o (N ST field, nominated by the board of gov- b L. & Trust Crnore. the ‘<lection. of Mhomas N |Josephil. Weller &8 Wt i 8 U | Dyfaft of:St: Loulsias prestdant, to|— = === succeed John W. Prentiss of New York, was assured. Vice presidents named were J. A. Fraser. Toronto Ray Morris, New York: Frank W Remick. Boston: Eugene E. Themp- son. Washington, and Barrett Wen- dell, jr. Chicago Only ‘two officers. F. R. Fenton. Chicago, secretary, and J. G. Brog- i den, Baltimore, treasurer, have held office since the organization was formed. The great and growing importance of foreign securities was recognized today by the association in action that presaged establishment of an in- formation bureau to furnish investors with reliable data concerning foreign ues and the financial status of the governments involved. The report of the marine securities commission indicated that the United States Shipping Board had lost $30,- 000.000 in the past vear, but added that “this amount is more than offset by the fact that freight rates are much lower than would be the case if our shippers were entirely de- pendent on foreign vessels. Office Space for Rent New Building Now Nearing Completion 923.925 15th N.W. Long Lease _Reasonable Rents B. F. SAUL CO. 1412 Eye St. N.W. es of members, those who two « | per saved is 6 gain re mined. by Consolidated Press ) - b Prompt Actiol | First Mortgage Loans Lowest Bates of Interest snd Commission | Thomas J. Fisher & Company, Inc, | 738 15th Btreet | hen Buying” Our 7% First Mortgage Notes —your favestment is secured on earefully + sonnd. conservativ ew available in amounts of $100 up. Apply Lozn Dept. Mr. O'Donmell, Mgr. Chas. D. Sager Realtor 924 14th St. N.W. Main 2100 EPTEMBER 24, 1924 FINANCIAL MONEY TO LOAN OB Improved Preperty in D. C. M. ANY AMOUNT—THREE. FIVE a YEAR TEEMS. Lowest Rates. BUILDING, PROJECTS FINANCED. FRED T. NESBIT estment Bldg. Main 9392. Metropolitan Housing Loans On homes in ‘the DISTRICT OF COLUMBIA and suburbs in MARYLAND and VIRGINIA. Thése loans are particularly advantageous to the borrower, because money may be secured for fifteen years, eliminatinz extensions or new loans ot the end of short periods. Write or call for bookler. OUR recently com- piled list of In- vestment Suggestions briefly describes offer- ings of sound securities and presents, in con- venient form, possibili- ties to those interested in conservative invest- ment. Business Properties Unlimited funds for loans on centrally located office buildings, hotels and retail stores. s Apartment Hou These loans may be made for periods of 10 or 15 years— Low Interest Rates Send for list W-496 E. H. Roliins & Sons Founded 1 416 Woodward Bldg.. Washington Weaver Bros., Realtors 735 15th St. N.W, Main 1821 Boston New Vork, Philadelphia, Chicago, Denzer. San Francisco The Asset of Location First Mortgage Notes| Secured by Improved D. C. Real Estate. Written Guar- antee Backed by More Than $1,500,000 Resources as to: cern, with the hig bors, is an asset of tremer value \vailable 1 offices at moderate rental rates. now. we have several de Apply Manager—First Floor WAEKER Ist. Security of Principal All the Time. 2nd. Attractive Normal Income. 3rd. Prompt Consecutive Inter- est Payments. 4th. Full Return of When Due. 5th. Freedom From All Care and Management. Principal Southern Building Main 2690 P R TR R R (4000000000000 0000000000000000000 000000 Dean, Onativia & Co Stock Exchange Building New York for First Mortgage : Investors MITH Bonds set a definite safety standard by which you may be guided when making a First Mortgage Investment. Here are investments that in more than half a century have never caused any investor the loss of one cent of principal or interest. Real Estate Mc;rtgage & Guaranty Corp. Resources Over $1,500,000 L. E. BREUNINGER, Pres. 26 Jackson Place COTTO GRAINS COFFEE SUGAR STOCKS and ¢ BONDS MEMBERS ge FEDERAL-AMERICAN NATIONAL BANK RESOURCES $13.000.000 1315 F ST Jonn POOLE Preeesr w York Stock Excha Chicago Stock Exchange New York Curb Market Association WASHINGTON OFFICE Main Floor, Woodward Building Phone Main 2040 JOHUN CALLANY OLATGHLIN Manager When will Some Folks Learn The Difference Between Mortgages That are Safeguarded And Those That Are Not? Come In Equitable Co-operative Buildins Ass’n Poonees AR COMPLETED JOUN JOY EDSON. President Organized 1579 S840 FRANG tih 2t Assetx i Surplus Subscriptions for the 87th Issue of Stack Being Received 22T 7 222, Shares 92.50 Per Month A Systematic Your Money Will Earn 6159 Without Risk Of Loss— Mortgage Investment Depr. (SHAKNON & LUCH _—_— 13 and 715 Mth St. NJF . Main 5 Current offerings of Smith Bonds, paying 7%, are protected by safeguards that for 51 years have proven 1007 efficient in protecting investors against loss. You may buy these bonds in $100, $500 or $1,000 denominations, outright or under an Invest- ment Saving Plan that pays 7% on every payment of $10 or more. § NO LOSS TO ANY INVESTOR N 51 YEARS Telephone Main 6464 The F. H. Smith Co. Founded 1873 First Mortgage Bonds. SMITH BUILDI 815 FIFTEENTH S The F. H. Smith Company, 815 Fifteenth St. Please send me. without gation. information about cu offerings of Smith Bonds p e ob'i- Name . Address .. P00 0000000000000 00000000000000000000000000000000" sessssrsssssesrseries Yss00svssssssssssne