Evening Star Newspaper, October 1, 1924, Page 31

Ea F URKEY DEMAND INANCIAEL. THE EVENING STAR. WASHINGTON, D. C. WEDNESDAY. OCTOBER 1. ——— e ———— e — e NEW YORK CURB MARKET 1924, FINANCIATL. Becured by decd o trust on reai estate Prevailiug interest aad_commiss on | : SEEK BE-”ER WAYS EVERYMAN'S BUS'NESS FA“_URES| Money to Loan [ “wWicn Buying” Received by Private Wire Direct to The Star Office BY WILLIAM F. H NEW YORK, ward movement gai October EFF ned SILNAN. 1.—The momentum up- lin today's curb market dealings and Western Eggs Required to | their a spread over list to the clusive proof that at practically The oils, however, did not share extent of other groups, ction in face of further rather the entire but present prices Fill Local Needs—Prices idm tic gasoline reductions was con- Steady Today. | sgs from nearby Mary- | Virginia are not large supply demands. and | depending upon Western | storage eggs to meet the | atoted at 45 this morning, selected m.0ck bringing 18 and 0. Storage ezps were quoted at 40 A slight inerease in the demand for turkevs and keats has resulted from | the weather. Turkey price were quoied at 33 and 42, while coats brought 80 and 90 cents Live chickens were quoted Liv were 25 ones cipts of dand and enough dealers are firsts and at 25| S8 hens or receipts ar ut large « Prices b 1h to supply the undergone but anges the past week or two, and today’s prices were Quotecd at from 43 to Calves are higher. This price was 11 cents, an incr tx and Vezetables. market report (compiied by Service Burcau of Supplies marker West Virs <up. 4 boxes Virzinia nehes up, morning’s e of 1 on fruits and the Market Agricultural vogetables liberal: demand 11: barrels, Vir- | nia. No. 1. Grimes, | 21, inches up, reported: | Virginia 1504200 <her: vari ndition as demand Vork, bulk 20.00a2; <upplies liberal; o sales reported Supnlies moderate market dull: New 100-pound sucks, No. 1.1 Market q 2.5041.00 bush Ne. 1 Delicious, Wt rimes 1.60a1.75 Cabbage Tizht: ma steady per ton, round Grapes— Eastern Laht: Western ern stock ot ty ar size low it New type. 1pplies al i Onions demana | York and | vellow varie- ight Ohi ties Peac Unsettle ches- Supplies heavy led emund Pennsyi- | bushel o : some ripe Maryland and Virginia, | bushel baske various | small to medium size, 1.00a | mostly 1 30, i | bushel 0a2 00 basket N i~k e ixes ties 3 Potatoes—Suppl moder de- mand light; market sightly stronger New Jersey, U. 8 No. 1. 1 nd Giants, 2.35a2.35 Irish Cobbis 1ope Supplies moderate market steads. N busiel bashet rletns 200 1 B Sweet Potatoe nand 1 Shore rel Pears maderatc No Supplies | ay . stave No. 1.1 ae Vied. 1 Vir “ Celery Ix Cheaper. Celery Sup liberal tomarket two-third anching in th A Pennsylvania, « bunched demand ker. New Self 4225, few Golden Self 8 dozen stalks i 55 Atos Biunehing mosily 400 g miard o ttuee Suppl rate; de- New fair | s, e a0at o ston riey k. erat quality Cant mand rad dition low as | ard fla flats, ; honey dews dull: Color: dews, 1 loupes oderate ndard Supplies lizht: market steady nd 4os ae Colo salmon | ary pink 1cats d 158, 1.10a1 A1.50; 85 and 95, 1.25; demand slow: market » standard crates, honey mostly 1 pplies light. account and moderate: mar- mesrown, bushel bask- Jumbo i 5l Tomatocs fecent rains: d ket strong; h ets. No. 1 i | \J Christians of U. S. Asked to Pe-‘ tition Geneva Conference to Adopt American Policy. The Federal Council of Churches through its commission on interna- tional justice and good will has called upon the “Christians of America” to support, through resolutions and peti- tions for presentation to the Inter- national Opium Conference at Geneva in November. the “American polic fealling for the total extirpation opium plants except to meet and scientific need Action is urged throu tions and church groups and societies of all kinds thal the recorded senti- ments may presented at Geneva tirough Bishop Charles 1. Brent, on ©f the (hree American delegates ap- | pointed to the conference by Presi-| dent Coolidgr | “The pressing n d,” the commis- | sion says, “is that our delegation may be supported by thousands of resolutions, passed by all kinds of organizations expressing the over- whelming desire of the American peo- glo [hat this curse of mankind (the raflic in habit-forming narcotic drugs) and wellnigh uncontro. lable menace to all ra and peoples shall be dealt with drastically and i | | | of h congrega- 4. S. WRECKING BREWERY. $500.000 Material to Be Destroy- ed—Broke Law. RGH orders P11 Pa. October 1. Under from the Federal dis- triof court, prohibition agents today | Legan the destruction of $500,000 | worth of beer-making machinery of | the Valley Beverage Co. at Suter- ville. Sledge hammers and acetyline torches were applied to pumps, bo ers and vats ai the brewery. T destroyed material later will offcred for sale at public auction as junk. The court order also called for the- destruction of 2,245 barreis of | ®pcer. and 20.000 pounds of malt and | 600 pounds of other beer-making | material i The order the brewery property was issued by Yederal Judge F. P. Schoonmaker after three separate prosecutions had been instituted under the national prohibition act 'WHEELER IN for the destruction of HOME STATE. ROUT TO: BILLINGS, MONT., 1 Senator Wheeler, presidential October independent vic candidate, toda, took | his appeal for votes for himself and | nator La Follette to the citizens of his own home State. Scheduled to spend all of today on board tra e traveled toward Billings, the fi peaking point selected. he will be in his home city of Butte, there will be one more speaking engagement at Missoula on Monday before he leaves the State to continue on toward the Pacific Coast, l |ing {100 at medical | A | Mercrants® 13 Thursday | the price-cut had been pretty the market The outstanding general tendenc break of 6 points, wel wi Pipe Li incident directors dividend rate from $2 NEW is an o stocks traded in on Curb Market today: YORK Sales in Thousands. Allied Tackers 6 ) Allied Packers s V Am Gas & Elee Am Gas & El 65 nw 3Am Pw & Lt 6 nw S Am Sumar Am Lol Anglo A T i Serv 1= D 1 Cons Gas Balt 6 & Deere & Co 1 Detrolt City Gas 6 1 Fed Sugar 6 % § Gen Asphalt S wneral Pel 2 Trunk 6 £ 00 Corp Maich 61 eh0e A 1 3 1 7 Tatern Rane iy Park & 1 Phila “Eleo T Vacium 0 FOREIGN Pow Bk Fin i Tapan 6% o 13 Ind Mig 10 Tnd Bk of 15 Kiog of N Ve P edor ais s § Ttep of Poland 6 1 1 Solvay & Co Swiss Govt 1 Swie Govt Sales NTANDARD O1F Angle An Tmp 011 of Can iad i1 Interl Pt Co L Mugiola et Nat Transt Northern 10 L Draivic Ol & Gas, 320 ra e P L s Sales INDEPENDENT ndreds o i Carih Synd 1 Cities Sersiee Cities Serviee e Sind 10 Federal 4 Gulf Oil v i $3.000 serip o0 it serip Capital Trac Washington Washington 1007 Gas Gy 16 shington Wi, P tal Tra. s 0gton at Moses—Call loaus, 5 sad BOND: Bid and Asked Prices. PUBLIC UTI Tl & Potoma: Potom; Potomuc El Potomac Ele Potom. Liec ot Blec Pow Wash. Alex. & Wash Alex. & Mt Wash.. Ralt | Washingt & Elee. dx M1 6. Riges e short). Riges Realty Southern Bldg. 61ss. Wash. Mkt. Cold 3 Wardman Park Hotel 6 points between sale Weakness with the announcement that had reduced the October 1 exception as an in here to $1. 1 the Ne BONDN 001, 10 1047 1005 1011, 10 10! discounted to war now being waged ca quarterly The ac- on of this stock had a sympathet w 15 010 015 100 1005 LISSUES STOOK o at i pid. 1,000 —Follow- | cial list of bonds and | York 100 102 1M 1005 1011 the opening followed by a drop ureka | was effect upon pipe line issues, notably Southern Pipe and Illinois Pipe, but other oils advanced slightly. Heavy buying came into New Mex- ico and Arizona Land on announce- ment that directors of the Standard Oil of California had approved an agreement whereby the company 1s to make a geological survey ot por- tions of the land company s acreage. the examination to be completed by the middle of January. Woodley I* troleum moved up a point Persistent stréngth of National Tea present high seiling prices re- expectations that the ®o re another extra d at flected pany will dec Gend in stock Dubilier continued to dominate the market for radio stocks. Around o7 it was almost 2 points highengon the day | Lago Pet Amer 0l |1 New Eng Fuel 0i) 41, New Mex Lund i Peun Beaver Oil nuock Ol Rted Bauk 01l Can 0 & 1 7 salt Creek Prod Sunstar Oil lan Pet Pot ity kR dd Mach w6 Bur Ad Mchonw nf 1 t Centrifug Tron Pipe cher Cab Mix A Nip A Nip B Childs Co new m Power Corp m Tow Co pf Com Lo Co ris wi Cant ol Ine ha Co n Gas of Ral S Toeh Die Cast Co lier (0 & Kadio 3 Dunhill Int Ine Motor 101 001 015 00 1017, 10 at 100 At By 6 per cen S. LITY. Bid, Ps 'ELLANEOUS STOCKS. PUBLIC UTI & Telga ashington : & W) o om... NATIONAL F National Capital bi:t Commercial { District . imers & Mechapics'. .. derv b Amerwcan L berty N 1" Metropolitan ... rai Bank of Washin Natio LITY i AN TRUWT COMPANY. Ameicin Sec Continental n Natios Tnion Trust ... Wash. Loan & Trust Trust oo SAVINGS BANK. Commerce & st Washington. . United Sta g Washington Mechanics Com. . FIRE INSURANCE Firemen's ... Nat.onal Union.. TITLE INSUR Columbia Titie Real otype ... uvt. pfd farket com. uteh Market ped ston Mopotype... arity Storage. Washington Ma; Yeliow Cab. *Ex dividend. ot RANCE ~ Asked Tospect M e s K i adio Kesntone Solether Lake Torpeio it Pow hizin Valley i Lehizh V Coul N € Lib MeN & L new s Pred Nat Pow & Lt tad Co Jones e Y L& Hewt Ward Euk Cor A Ward Bak Cor Ward Bk Cor pfid Ware Radio Corp Wetern | Waite REK M'n Spoo Yol Tuai Corp N Y MINING Calumer & derome Canario Copper Comstock Tunnel Cons Cop Mines Divide Eng G Firet Hardsi Harn, 137, | Am Gold & I rliead Gold Tono Belmont 8 Tono Extens Tono Jim Butler Tri Bullion Trinity Coppe United Verde Ext.. "8 Continental Uity Gold Wenden Copper ... 3 West End Chem . White Cape NEW YORK DAIRY PRICES. NEW YORK. October 1.—Butter— T receipts. tubs. Creamery, higher than extras 93 cream- extras (82 score). 381,38 firsts (88 to 91 score) 0 creamery 31a 373 Eggs—Firm: r Refrigerator, ext firsts 1 15,460 case =a38: do. ipts, firsts. . RATES ON BAR SILVER. LONDON. October 1.-—Bar 35% per ounc 3% per cent Discount rates bills, 313a3% rer cent: three cent RED ENVOYS IN LONDON. LONDON, October 1. —A. L heinemann and M. Lubimov. Ruesian | financial experts who were members of the delegation which drew up the Anglo- Russian treaty. have returned to Lon- don to hold informal conversations with | British representatives to fix the amount of the liabilities of the Soviet govern- ment If the general Anglo-Soviet treaty is | approved, a second treaty will be drawn up. and it is for incorporation in this second instrument that appraisal of the Russian liabilities is necessary, it is ex- plained mon State Meeting Delayed. The regular meeting of the Ala- bama State Soclety, which was to {have Leen held tomorrow, has been postponed until the first Thursday in October on account of the absence from Washington of the president, William B. Bankhead GOLD SHIPPED TO INDIA. NEW YORK, October 1.—Half a million dollars in gold coin was ship- ped to India today by the Interna- tional Banking Corporation, which also is sending $230.000 to Hong- kong. part of a $750,000 gold ship- ment from San Francisco. The same institution recently sent about $600,- 000 in gold to Canada. WILL ISSUE MORE STOCK. | BALTIMORE, October 1 (Special). | Shareholders of the Certain-teed | Products Corporation, which is char- tered under the laws of Maryland, at |a special mecting held here yesterday |empowered the board of directors in |its discretion to issue 310,000 shares of no par value common stock at not less than $40 a share, Fland are silver. | 10 MARKET FRUITS Growers Have Largest Orange, Lemon and Grape- fruit Crops Ever Raised. BY J. C. ROYLE. Special Dispateh to The Star. NEW YORK, October 1.—Ability to raise crops superior in quality and quantity to those of other nations is not enough to make a successful farmer in this country. That fact is being impressed on the public as well as the agriculturists as never before. It is necessary also to pro- vide for and couuwl the marketing of those crops, to Increase consumption to the point of production and broaden the territorial scope of dis- tribution. B Confronted with what promised to e the largest citrus fruit crop ever kn and ing grapefruit growers are prepar- o accomplish just those neces- sary things. In consequence they are not terrified at the thought of glutting their markets and confi- dently expect a heavy flow of golden profits from their golden fruit Larger Orange Cro, Florida's orange crop reach 13.400,000 boxes or a mil- llion boxes more than the shipments of last season. The grapefruit vield in that State probably will reach §.- 00,600 boxes, also a record. Last year | California marketed 59,707 carloads {of citrus fruits, consisting of 14,645, | 000 boxes of oranges and grapefruit and 3.212.347 boxes of lemons This year shipments are expected to be | Tully as heavy | California growers their great co-operative |change, discounted this tremendous | production i nboth Lust and West months ago. The exchange laid plans to inerease its expenditures for con- sumer advertising. a campaign emong dealers and extension of its service in all lines | is expected | to however, with fruit ex- Seek Better S Reports from Florida indicate growers there have profited from | their experience of last year. when mar- | Keting conditions were chaotic and fruit was left rotting on the more fully organized than before to give Florida fruit a and more profitable les Methodx. Wid tion | Supplies of oranges and grapefruit | grown in this country have trebled in { the last 20 years In fact, production | has increased nine times faster than the * growth of population of the United States and Canada. Through advertising and scientific sales met ods. however. the California growers h kept demand at an even | with the yield For the total citrus | fruit rear California re- ved # X and the deliver- value crop more than | was Wore Care in Grading. Some of the attributed 1 packing and but the results ob Erading dvantageous mark largest factor, the grow L ors sy advertising. Exclusive | of wdvertising last year. the service | or the ¥ruit Growers Exchange cost members box. The cost of advertising. the main sales rell ance of the organization, was met by | an assessment of 4 cents a box on | oranges and grapefruit and 6% cents {on lemons. This made a total cost ‘ for marketing and all other exchange { services of 249 per cent of the de- livered value of the fruit, or $2,514.- 300 approximately. The quality of | the California output this year will | be high and growers ar The Florida Citrus Exchange, which {had many adverse circumstances to jcontend with last year. is in a much j more advantageous position this sea- {son. Members expect that the cost |of service will be held down, and the | organization already has outlined its plan for advertising, which will be as extensive conditions will per- 544 cents a Much Larger Crops Like The bania Satsuma orange Mississippi which became tion for the crop) and of Ala- Louisiana a factor in the situa- first time last vear. when 2000 cars were shipped, will be ex- tremely small this year. since frosts killed the buds, although trees were not seriously damaged. More groves will come into beari land experts predict a 12,500 car. Production in Florida and Califor- nia is expected to increase heavily in coming years. The. 1924-25 Florida citrus crop will be produced from 70 per cent of the acreage planted to orange trees and 25 per cent of the grapefruit acreage. The remainder of that acreage is in young trees which will come into heavier bearing in the | next few years. A somewhat similar { situation exists in California. But ad- vertising and orderly marketing are ex- pected to keep demand up to supply. 1925 crop of Conxult Your Banker. If you are inexperienced in invest- ng money. it is very unwise to plunge info unfamiliar ventures. You will profit by consulting some one who Is familiar with such affa your banker as to the requirements as to bank investments: what are {safe for their funds are very certain to be safe for yours. It is always well, moreover, to seek his aavice and counsel COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY CONSHOHOCKEN, Pa., October 1.— The Bentley Harris Manufacturing Company has started a new industry here by installing 15 machines to | manufacture high-grade cambric tub. {ing for insulations in radio and elec: trical apparatus FALL RIVER, October 1.—The Po- cassett Manufacturing Company has resumed full time operations in its No. 5 mill, and the Warren plant of |the Parker Mills is expected to re- sume work shortl | MANCHESTER, N. H., October 1.— The woolen division of the Amoskeag Mills here now is operating at bet- |ter than 50 per cent of capacity. KANSAS, CITY, October 1.—Work clothing makers here have large stocks of finished clothing on hand, but their supplies of denims are low. Houses are optimistic over prospects for business and there is considerable activity in dress woolens, sweaters and knitted outer wear. ATLANTA, October 1.—Continous rains have damaged Georgia cotton seriously Much of the staple was lost by being beaten into the ground from open bolls. Depreciation dur- ing the last part of September was the heaviest in years. TULSA, Okla, October 1.—Indi- | vidual oil operafors are anticipating | profitable operations as a result of | development in the new fields of Montgomery and Chauauqua Countles, Kansas. Their attention was drawn by the success of the Red Bank Ol Company along the Oklahoma-Kansas line, where more than a dozem pro- +ducers have been brought iny Wn in America, the orange, lemon | {tention to attempt | now that |itics you ground, | distribu- | | mission sure it will | & next scason, | Consult | | Federal INVESTMENTS BY GEORGE T. HUGHES. SPECULATION AND BUSINESS. Seventy-Seventh Article. One of the strongest arguments againsat speculation, aside from the loss that practically all specuylation involves sooner or later, is the effect upon the mental attitude of the one who indulges therein. 'This is espe- clally true in the case of the active business man. Rare, indeed, can man keep his mind upon his own business when he is actively engaged in buying or selling speculative se- curities. Few persons have the ability to concentrate upon business problems when their minds are taken up with the fluctuations in the markets. In these days of active competition suc cess in trade or industry depend upon constant application, and that is almost impossible for one who has extensive speculative commitments. Those who make a business of specu- lation devote' their entire time to it, and even then, with rare exceptions. it is a losing game. For the man who has other affairs to engage his at- to win where so many lose Is sure to be fatal either to the business or the speculation. by any lucky chance he is ahead of the game he Is apt to excuse care- lessness in the work om which he depends primarily for a living by the thought of a speculative profit. It as usually happens, he is behind the game, his whole mind i¥ centered upon recouping his losses by some new venture, What is true of business is true ot | Few people | professional men also. woyld knowingly employ a physician who is not in a position to devot his entire mental activities to his patients. It is only fair to say that as a class doctors are notably exempt from the speculative mania. but at times it seizes upon all kinds of vie- tims T simply use the case of the vhysician as an illustration ot impossiiblity of doing two things at once All this is said without regard to any question of propriety or morals T am not one of thoxe wWho regard speculation as intrinsically wrong. As our soelul system is constituted some one must carry the speculative risk. but before you make up your mind that you belong in that classi- ation consider Nrst and seriousiy embarking upon such ventures affect the personal responsibii- have assumed toward oth- vour business or your will ers in either profession “Copyright 1924, by Consolidated Press ) GAINS IN BUSINESS. Continued Improvement Noted in New England States. BOSTON. October 1.—Continued im- provement in New England business with employment in Massachusetts increasing for the second time in a year and a half, is reported by the Reserve Bank Boston, in the monthly review of industrial and financial conditions. The woolen in- dustry improving to an unusual degree, the report says. boot and production shows seasonable growth and the cotton industry. although atill unsettled, shares in the general improvement : IGNORES STATE BOARD. Pennsy to Deal Only With I. C. C. is in Issuing New Bonds. Special Dispatch to The Star BALTIMORE, October the right of the Pub to enjoin 1—Denying Service Com- from issuing stock without the sanction of the commission, the Northern (entral Railway Co. which is controlled by the Pennsylvania Railroad. has filed its answer in the Circuit Court to the commission's suit to restrain the issuance Saying the company is a “carrier within the meaning of the transporta- tion act of Congress, the answer de- nied that the company will do any- thing lliegal or unlawful in applying only to the Interstate Commerce Commission The proposed of stock in- volves 71,600 shares at the par value of $50 a share, a total of $3.580.000 issue JOHN JOY EDSON. President Organized 1579 Annets .$4,841,737.46 Subscriptions for the 87th Issue of Stock Being Received Pay Day Is the Day to Save Join the Equitable and save systematically —the way to Shares .50 pt—— Per Month save 915 F Street N.W. a | 1" e | Fifth District Has 101 Month Against 94 in Same Period Last Year. | By the Associated Press RICHMOND, Va., October 1.—In th fifth district, business failures in August numbered 101 with liabilities of $4.233,075. compared with 94 fail- ures and liabilities of $2,907,919 re- ported for August, 1923 the monthly review of the Federal Reserve Bank issued here. Lowest of Any Month The figures show inc |year of T4 per cent in |of ‘insolvencies and of 4 | the total of liabilities involved. The | number of failures in August was | the lowest number reported for any |month thix vear. the report declared Average liabilities per failure dur- ing August, 1924, the review added, |amounted to $36,25 in the Nation and $41 in the fifth district. com- | pared with averages of $26,031 in the Nation and $30,935 in the fifth district |during August, 1923, the district aver- age comparing unfavorably with the national average in both years. Record For Whole Country. The review further sald: “Com- menting upon the figures quoted for the fifth district together with the figures reported in all the other Federal Reserve districts, Dun's re- | view for September 6 says: ‘The low Point of thix year in number of com- mercial fafiures in the United States was recorded in August. with a total [Of 1,320 defauits. This is a decrease |of 538 per cent from the 1,615 failures |of July, although last month's li- | abitities’ of $55.153,981 show an in- crease of nearly 50 per cent over the | amount for the earlier pertod.” " this the number 6 per cent in work the Star. If you need read want columns of The Prompt Actior First Mortgage Loans Lowest apa Commissto | Thomas J. Fisher & Company. Inc T8 Loth_Btre WILL BUY —Bonds on Investment Bldg., Smith Bidg., Roosevelt Apts, Jefierson Apts., Hamilton Hotel. Address Box 85-L, Star Office Kates o1 mteres Guaranteed First Mortgage Notes Esvery one of these notes ix safe- arded by our system of rigid svestigation and evpert super- vision—by the fact that thene notes are purchased with our own fi for our nccount. making our ext identieal with yourx. & Written guarantee. backed by £1.500.000 resources ax to security of principal. income, prompt inter- ext payments, full return of prin- cipal and freedom from all care Real Estate Mortgage & Guaranty Corp. Resources Over $1,500,000 || L. E. BREUNINGER, Pres. 26 Jackson Place Equitable Co-operative Building Ass’n % 2 FRANK P. REESIDE, Sec'y 44th YEAR COMPLETED Surplux .. - -$1.283,561.42 77 with best results. WE WON! How? By efficient team work. combined with rare quality of a " STICKTOITIVENESS THAT'S why our Base Ball Team has just captured the Championship of the Ameri- can League. It was a noble fight, meriting the applause of every citizen. HEARTY CONGRATULATIONS TO EVERY OFFICIAL AND MEMBER OF THE TEAM But, after the tumult and the shouting dies,” let us reflect that the same spirit is de- manded in the battle to accumulate savings and to invest them in a manner to be abso- lutely safe and produce a liberal interest return. Just ask us for a copy of our new booklet, “SAFETY SUPREME." and find out “HOW IT'S DONE. obligation. No charge and no Mortgage Investment Department [SHANNO N - & LUCH o S 713 and 715 14th Street N.W, Main 2345 REVEAL INCREASE according 10| Richmond | Our 7 o/o First Mortgage Notes —your investment is secured ou carelully selected tmproved properties and placed on A sound. " consereative aluation Notes tow available in amounts of $100 up Apply Loan Dept 0'Donn Mgr. Chas. D. Sager Realtor N.W Very Desirable Offices —in our bank building. fac- ing New York Avenue, now available Reasonable rent Apply mamn foor CITIZENS’ SAVINGS BANK 1336 New York Avenue -Jonph 1 Weller 420 Wash. L. & Trust Bldg. Oth & F NW ——— = | Money Available for First Deed of Trust Loans 647 Interest Prompt Replies to Applications JAMES F. SHEA 643 Louisiana Ave. N.W. MONEY 1O LOAN | On improved Preperty s D. C. and Md. ANY AMOUNT—THREE. EIVE and TEN YEAR TEEMS. Lowest Rates. BUILDING PROJECTS FINANGED. FRED T. NESBIT _lsvestment Blég. Maip 8392 FEDERAL-AMERICAN NATIONAL BANK RESOURCES $13.000.000 13i5 F ST Mr. 924 % We offer an exceilent investment 1n First Mortgage Notes secured by first deed of trust on high-class northwest property. | OL'R recently com- piled list of Invest- ment .Suggestions briefly describes offer- ings of sound securities and presents, in conven- ient form, possibilities to those interested in conservative investment. le 30 These notes are in « nominations f $2 $300 and $1,000—aud bear interest at annum payable annually If you are secking sound conservative vestment, yvielding a unusuvally high return we will’ gladly furmsh full particu MOORE & HILL Inc. 730 17th St. N.W. Members W ashington Real Estate Board Send for list W-196 E. H. Rollins & Sons Founded 1276 416 Woodward Bldg., Washington Boston, New York. Philadelphia, Chicago. Denver, San Francis National Mortgage & Investment Corporation 811 Vermont Avenue N.W. Deals in the Best Real Estate Securities First and Second Tn;xt Notes and Ware- house Receipts are purchased at fair rates Its 7% First-Mortgage Notes, SECURLED by hLaproved District of Columbia Real Estate, Are a GOOD INVESTMENT. Offered in denominations from $250.00 UP. EDWARD B. SMITH & CO. Members New York Stock Exchang« New York Philadelphia IA. NOUNCE THE OPENING OF THEIR WASHINGTON OFFICE 917 FirreentH Streer, N.W. UNDER THE MANAGEMENT OF ErringHam- L. TownxsexDp Private wire connections (v New York, PriLaperpria axo CHicaco Qctever 1, 1924 7% Investments for Your October Fund AVING the past record of this house to guide you—no loss to any investor in 51 years—it is to your advantage to make certain now of re- ceiving 79 over a period of years, regardless of any downward trend of interest rates generally. Smith Bonds, strongly secured by first mortgages on improved city property, give you the opportunity to invest your October funds at 7¢, for any period from 2 years to 15 years. As these first mortgages are con- stantly reduced by monthly pay- ments on the principal, the margin of safety behind your investment in Smith Bonds is constantly increased. Telephone Main 6461, or write today for the new circular de- scribing our October offerings The F. H. Smith Co. Founded 1873 FIRST MORTGAGE BONDS SMITH BUILDING TH STREE] w0 Loss TO ANY INVESTOR ™ 51 YEARS