Evening Star Newspaper, October 15, 1924, Page 29

FINANCIAL. DAMAGE BY FROST S ONLYSLGHT Wholesale Vegetahle PricesI Firm—Meat, Eggs and But- ter Unchanged. It was generally belleved that yester- af- able crops of near- | shippers throughout Reports from rs, however, were that the crops affected by day morning’s frost had seriousl; fected the late v by truckers and Maryland and Virginia. &To; had not the frost. been materially Growers reported that slight damage was done to but the damag in low places, was not o plan . it is stated, sufficient to affect the market to any considerable extent. In some sections, it is stated, grow- | additional | the ripe toma- 2 hold them until they are The smaller green ones will be ars, fearin early frosts, stock of g toes and w ripe. sold for pickling. Meat, pouitry were renorted the same as vesterday. Apple Market Dull. Today's market report on fruit vegetables compiled by the News Service Bureau of Agriculture Iconomics says: Apples—Supplies light, mark dulll sinia_and West Virgini 0. 1, 2% inch Delicious, mostly 6.00as xome fair qualit Grimes’ best, 5.00a5.50; some quality, 4.00. Boxes, Wush medium to large cizes, extra fa icious, 4.25a4.50; extra fa and Winter Bananas, ushels, Mar: nd and various varieties, a1.50: « Wine- saps, bes best, 2.00a2.50 Cabbag light, mark. ton, dome few higher Liberal Grape Receipts. Grapes—Weste supplies Eastern supplies moderate: d crate, market st Climax baske mostly from much of damage gathered en and partly liberal; demand ns Virginia ind Stayman 00; Delicious, es moderate; dull: New York, bulk, per round type, mostly 20.00, k 2- and light, market stcady; and Massachusetts, yellow varieties, Uni jarge s s—Supplies market ste Bartietts vaShington, Anjous, extra f Potatoes—Supplie: mand good; market New York, 1.50-1 a2.40 per sack: Mi sack, Russet Rurals U. 5a2.40 per sack. light, demand mod- dy: New York, bushe! and Seck boxes Bosc moderate about and de- Sweet Potatoes Drag. Sweet potatos demand light, market Shore Virkinia and Maryla top stave barrels, yellow varieties, No. mostly 3.25; ho rown, bushel No. 1, 1.00a1.25; upplies moderate: cloth Celery ipplies moderate; demand light, market s : New York, 23 crates, Giolden Self Blanching in the mode: crate 1.75; fa ate, big Boston r qualit MUCH WOOL. SOLD AT LOWFIGURES Mill Men Outwit Growers in Seeing Best Time to Lay in Large Stocks. BY J. C. ROYLE. 1 Dispateh to The Star. W YORE October 15.—In the continuous poker game between the wool producers and the manufactur- ers the East this year has outguessed, ed or ffed the West, of raw wool re up and are showing an inclination to ad- vance. But the growers, in inost in- stances, sold their clips well below the top, and only the exceptions and those who shipped their wool on con- signment ob ned the most advan- tageous figures. The profits in most instances went to the dealers who juggled wool bales successfully be- tween American and European mar- kets. Here is what has happened in the wool market. During the war fine territory wool sold on a scoured basis at §1.84 a pound. In 1920 the average price in the Boston market had dropped to $1.66. Then came a slump which sent this grade down to 82 cents in the fall of 1921. Since 1922 it has sold above $1, touching $1.53 in May last year. In June of this year another drop carried it to $1.28, but it has now advanced again to about $1.50. Many Price Advances. Half-blood_territory wools, which sold around $1.15 to $1.18, clean basis, Quring this year's depression, are now commanding $1.30 to $1.35; three- eighth blood wools, which were 30 to 98 cents a pound in_June, are now worth $1.20 to $1.25, and quarter bloods have advanced in the same period from 75 to 78 cents to $1 and $1.05. Pulled wools at Chicago have shown similar price increases. But most growers sold during the June slump or soon thereafter. By that time it was reported fully 90 ser cent of the 1924 clip had been Jold. Ordinarily only 25 to 30 per cent » the clip is sold on consignment, ind probably only 25 per cent of the frowers gained the advantage of the ligher prices now obtaining. The Torthwestern sheep men vere as fortunate as any. Considernble Wool Unsold. Co-operative pools are reliably re- prted to have little wool on hand, Spec outluc] Pri still out, snce most producers were induced t sell early and get what they could. Itis estimated only 12,000,000 to 13,- 00,000 pounds still is held in pools, waile the entire clip for the year is 200,000,000 esimated around pands. hat amount is far from sufficlent tosupply the American demand. In sple of this fact, however, Boston stl is tho cheapest wool market in the world, and America has shipped milions of pounds of wool abroad to ake advantage of the difference exiting between American and for- eigimarkets. Higher Prices Predicted. Th American Woolen Co., at ‘which operd its light-weight lines 7% per centinder the level of the 1923 prices, has vithdrawn many numbers from the narket and has advanced the price of nearly 100 othersfi the in-| crea:s ranging from. 2% to as high as l.cents a yard. Mill activity is incresing steadily throughout New Englhd, and there seems <every praemet that Amerfean wonl neices will yon work up to an even basis Vs uvse whk Mhclsa Lulliuacs. and butter prices Barrels—Vir- demand liberal: and mod- 0oa | . sacks Round Whites East | perhaps BY WILLIAM F. HEFFERNAN NEW YORK, October 15.—While other stocks were feeling the effects of liquidating sales, ofl shares came to the front in today’s curb market operations. The sudden buying of these stocks was a direct response to the announcement that the Prairle Oil and Gas Co. had removed all pro- rating restrictions and had offered to purchase oil now in storage at pre- valling prices. The decrease of 16,845 barrels daily in domestic crude pro- | duction, reported for last week, also was an incentive for buying. Prairie Oil and Gas led the Standard NEW YORK, October 15.——Follow- ing is an officlal list of bonds and stocks traded in on the New York Curb Market todav: Sales in BONDS ‘housands. iigh 3 Allicd Packers 6s 2 Allied Packers s 2 Alum 75 new "33 16 Am Gas & Flec 8s.. Am Gaw & El 6s wi Am 'w & Lt 6s old 18 Am Pow & Lt 6. 1 Am Roll Mills 6k Anaconda s ..: Anglo Am Oil Beth Steel Tx 2 Cit Serv 75 ¢ 7 Cit Serv 79 1 2 Con Gax Bal 2 Cons Textlles 8 3 Deere & C Detroit City Gax fs. 17 Detroit Edison 6s. 043 9484 100% 1033 1018 1041, 981 axip E 1021 701, 1033 1017 108 943 Do 105% 11 Grand Trunk L Guif 0il Corp 21 Intern Match Manitoba_Power Mo Pac Ry Sx.... at Leather ... ¢ Or Pub 3 ra Fallx Minn wn-Am 6x wi. n Power & Lt Pure 0il Co kelly Oil ( a0l Proa b ted Ry of 11 Ties 107% d Trogs s wi 1005 n 0il 108% bater M 108% FOREIGN BONDS | 4 Rep of 11 Rep of T Rux Gyt olv & Co S Swiss Govt 6 Swiss Govt 1011 10110 10070 in ani 300 Anglo Am 0il 1900 Atlantic Lobos . ) Gal Sig 0l 110 Tmp 0l of Can ) Intl Pet Co ltd. ) Magnolia Pet 300 yenn M 50 Prairie 70 South Pen 10 Southern I L {11600 5”0 Tndiana {600 8 0 Kansas ! 8 0 Kentucky . | 2008 0N ¥ {108 0 Onio | | | 51 Lago et 270 Latin_Ame: 10 Mount Prod 2 Mount Guif 10 at t 18714 Mergenthal notype—5 at 163. National Mortgage and Investment pf 25 ut 9, 20 at 9, 50 at 9, 50 at 9, 100 at 200 at 9. AFTER CALL. Washington Gas Light 6s '33—$200 at 100%, $300 et 1005% Capital Traction Co.—10 at 92%. Bid and Asked Prices. PUBLIC UTILITY, American Tel. & Telga. 4s..... American Tel. & Telga.. 4%4s. Am. Tel. & Tel. etl. tr 5s.... Am. Tel. & Tel, ‘conv. 8s. Anacostin & Pofomac Anacostia & Poto C. & I". Telephon C. & P. Telephone of V Capital Traction R. R. Asked. City & Suburban 5 Georgetown Gns b Metropolitan R. R. o Electric 1st Elec. Cons. bs. Potomac Potomac g Pot. Eiec. Pow. g. m. & ref. Alex. & Mt. Ver. o8 Alex!, & Mt V Balt. & A Washington Washin, Wash MISCELLANEOUS. D. C. Paper Mtg. 6s. E Riggs Realty bs (long! Riggs Realty s (short) Southern Bldg. 8ls .. Wash. Mkt. Cold Storage 5 Wardman Park Hotel @s. STOCKS. PUBLIC UTILITY. Amer. Tel. & Telga. % Capital Traction Washington Norfolk & Wash. Steamboat. h, Kwy. & Elec. com. Wash, Rwy. & Elec. pfd. Terminal Taxi com 5 NATIONAL BANK. National Capital.. s Columbia Commercial District Farmers Federal-American Liberty Lincoln National Metropolitan. Riggs, Nvtlonal Bank of Washington.. . TRUST COMPANY. American Security & Trust. Continental Trust. Merchaats’ Baal tional Saving jon Trust. Loan & Truet.. SAVINGS BANK. Commerce & Savings. East Washington Savings Bank. Sec. Savings & Com. Seventh Street Savings. U. B. Savings. Washington Mechanics. FIRE INSURANCE. American Fire Insurance. Corcoran_Fire Insurance. remen’s .. tional Union. TITLE INSURANCE. Columbia_Title. Real Estate Titl MISCELLANEOUS. Merchants' Transfer & Storagt Mergenthaler Linotype . Natl, Mage. & Invest. pfd. 014 Dutch Market com. 01d Dutch Market Df Lanston Monotype.. Security Stora Washington Yellow Cab ........ *Ex dividend. 200 280 NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office Ofls. Magnolia Petroleum gained al- most 3 points; Standard of Indiana was actively taken a half point above the previous closing, and Vacuum, Standard of New York and Southern Pipe Line galned substantially. Red Bank Oil moved against the general trend. Radio shares were preased for sale for a time, but the support accorded this group at the low levels was noteworthy. Dubilier, after dropping off another point, made up twice the loss when it reached 53. Ware, Hageltine and Inter- Ocean Radio subsequehtly reached high- er levels, and special buying continued in Jones Radlo. _—— 61 Mutual OIl vot cfs @ New Bradford Oil. 1 New Eng Fuel Oil Penn Teaver Ofl. Pennock Ol ...... 5 Red Bank 0N . oy Can Ol & Tef 5 Salt Ck Prod 1= Union 0l of Cai D 13: Venezuelan Pet Wilcox 01 & Woodley Pet . - INDUSTRIALS. 2 Amal Leather ... 8 Am Cot Fab ptd.. 05% Am Gax & Kl new. TH% Am-Hawhan 8 8. 5 Am L & Tract.... Am L & Tract pfd. Am L & Tract war im w ] m ‘€0 3% Tob B new wi 803 Atlantic Froit ... 1 Trit-Am Tob Co reg 244 Brown-Wil B wi... 1014 ampbell Soup pfd. 10114 entrifuzal Tton . 31% Power Cor.. 3 Contl Tobacco Ine. Cuba Co ... 5 Cons Gas Balt w Doch Die Caxt Co. Dubilier ¢ & Radio Durant Mot Du Pont Motor: Doz Co A Film Inxpect M Gillette & 1t ;31 Glllette 8 R new wi 561 flen Alden Coal <. 120 Goodyear Tire in Hazeltine Corp 20% Heyden (hem 27 Hoe It Inc wi A Hud & Mann Rr Iindson Co pfa ... Inter Cont Rubber. Inter-Oce Radio Cor s Radio E Tehigh Tower se: Tehigh Val B atanBin S enTuam Tea Co ..o... ¢ Tel Co pfd. 11 fokel Plate nw wi 108 Niek PIaw pf wi Omb Corp A pfd.. Corp vt tr of Motor I Tenn W i 13 Penn Water Power 13 Pitts T € C pf wi 0% Prophy Brush wi... 43 Radio Corp ny Reo Mot LI ek Rov ltad Cor tr cfs 12% Typewrit Co. 13 P new vo tr of 181 nger Mg 168 N0 € & T new. [l .10 Southern Cal Fidison 100 % Ntandard Motor ... 3 Stand Publish (o X 28% i a1l D104 Swift Int'l.. Swift & Co Tenn Klec Vower.. 37% Thom Rta Cor v.te. Tl 3 co Prod Expts 3 3 United Dakeries pf. 3 United Lt & Pow A 48% Uni Retail Candy A 5% Wanner Mall Cuxt.. rd Tk Cor B .. 341 ward Bak Cor pfd 94 3 Ware Radio Corp .. 2% Western Power ... 33%4 White Ro M Sp new 14% MINING. 0 Canario_Copper ... 3% Corter_Silver ni k Rutte. Enreka Croesus ... oldfleld Develop. . Deep Min Gold Zone Tiardshell M Harmill Div . Hawth Mines Hecla Mine . Independence Lea Cons. v Copper Kerr Lake Lone Star Lorrain Sil 8 McKin Dar a2 ‘on 04 02 ' 4 i orp.. Ipissing iZon Nev T Parmac Porc Ms Lt Portland Gold Mine Plymouth_Lead Ms 2 Premier Gold Mi Ted Warrior Reorg Div An: 2 Rocky Mt Sm & R 60 Silverdale .. 3 2 S0 Am Gold & P 10 Spearhead Gold . 10 Tono Belmont 1_Tono Cash Boy 2 Tonopah Extens 13 Tonopah Min 30 Trihity Cop EUROPE IS EXPECTE TO BUY MORE COTTON Agriculture Department Predicts Much Larger Demand for U. 8. Products Soon. Improved economic conditions in Europe are expected to stimulate the demand for American cotton, declares the United States Department of Agriculture in & special cotton num- ber of its weekly publication, “For- elgn Crops and Markets. “While the markets for food neces- sities, particularly grains and fats, are but moderatelyjaffected by eco. nomic changes, the demand for cotton is more responsive to conditions of prosperity or depression,” the depart- ment says. “Supplies of cotton goods in times of distress can be made to last a little longer and new pur- chases can be postponed. “World supplies of cotton have now been short for several years and prices have been correspondingly high. There is little doubt but that supplies of cotton goods in consumers' hands are relatively low. Employ- ment condition are good in France and Italy, and have been improving in the United Kingdom. In Germany the operation of the Dawes plan is expected to stimulate industry. These conditlons all point to in- creased demand for American cotton.” S —— Consult Your Banker. If you are inexperienced in invest- ing money, it is very unwise to plunge into unfamillar ventures. You will profit by consulting some one who is famillar with such affairs. Consult 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 advice and counsel . DIVIDENDS COVERED. CLEVELAND, October 15 (Special). —The Jordan Motor Company report- ed that September earnings were suf- ficient to cover dividend requirements for six months. About 35 cars are being turned out daily. RATES ON, BAR SILVER. LONDON, October 15.—Bar _silver, 35 9-16d per ounce. Money, 3% per cent. Discount rates: Short bills, 3% a3% per cent; three-month bills, 3% per cent. Pk R EVERYMAN’S “INVESTMENTS BY GEORGE T. HUGHES. ‘WHAT “TIPS” ARE WORTH. Elghty-third Article. Nearly every day some one asks me ‘what I think about this or that stock, almost always a more or less speculative stock. Now what they really mean to ask is not my opinion of the stock, but what I think about the market for the stock. What they want to know is whether the stock is going up or going down and how far and ho wsoon. I never tell them, for the very good reason that I don't] know and for that matter neither does anybody else. There are people who make it a business to give “tips” on stocks and sometimes they guess right and some- times they guess wrong, but they are | always guessers. As a matter of fact it 18 far more important for a specu- lator to know about the general| market tendency than it is to know| about any one particular stock. Good stocks go down in bear markets and | poor stocks go up in bull markets. But the matter of determining in ad- | vance whether a market Is a bull market or a bear market is a problem which baffles at times the most ex-| perienced of speculators. . Guessing on Market Unsafe. " Suppose, for the sake of the argu-| ment that the general course of the| market is evident, it then remains to | be decided how far the particular | stock the inquirer has in mind will | participate in the current upward or | downward swing as the case may be. | Then there are always unexpected and unforeseeable developments which | will nullify the best planncd specu- | lative campaign. | All these observations lead up to| one point, namely, that the prediction of market fluctuations is just as un- safe for the reputation of the pruphet | as speculation is unsafe for the| speculator. There are a few ¢ mmun,‘ stocks with such long records of earnings and good management that | they are entitled to investment rat-| fng. For the most part these stocks| are shares in corporations crgaged | in essential industries. The man who! buys them is reasonably well assured | of a continuance of dividends. He is not assured, however, of market stability in price. At least that is| the general rule. Same Applies to Bonds. | What has been said here of stock pplies In a measure to bonds. I'n conservative investment banker when he sells you a bond does 80 only on the understanding that in his pro- | fessional opinion the investment is sound—that Is to say, that the prop- | erty value back of the loan is ade quate and that earnings assure re- ular‘interest payments and that the price at the time s fair. He does not give you any guarantee. pressed or implied, as to the m Ronds have the advantage stocks in that they have a maturity date, whereas stocks none and so price changes as a rule | are smaller with bonds than with | stocks. Still there are such changes | and some of them cannot be fore- seen. If that is the case with bond: how much more hazardous is it t venture predictions as to stocks? (Copyright, 1924, by Consolidated Press.) Money Available for First Deed of Trust Loans 617 Interest Prompt Replies to Applications JAMES F. SHEA 643 Louisiana Ave. N.W. Speculation is often allur- ing. Arnold Guaranteed Cer- tificates appeal especially to investors who must seek not only safety of principal, but also comtinuous interest re- turn. First Mortgages on improv- ed real estate and homes have been placed with a Trust Com- pany to insure the safety of these certificates which are also guaranteed by Arnold and Company. Consult us regarding our partial payment plan. Issued in_ amounts of $100, $500 and $1,000, to run " | | | for term of 2 to 10 years. | | | i | Bend for Booklet K-8 ARNOLD AND COMPANY Incorporated d Surplus, $1,250,000 Eye Street N.W. ‘Washington, D. C. ‘Telephone Main 2434 on improved D. C. property at prevailing rates of interest. See Mr. Field Hedges & Middleton, Inc. REALTORS 1314 H St. N.W. Franklin 9503 “When Buying” Our 770 First Mortgage Notes ~your investment Is secured on carefully ted {mproved ies and o 3 propert placed on Sowavaiiabie s amounts of $100 up o Apply Loas Dept. Mr. O’'Domamell, Mgr. Chas. .‘D.;“S'lger 924 14th St. N.W. NOTICE TO PROPERTY OWNERS After 18 years of service to the pub- lic, we ‘can acclaim without fear of contradiction that our methods are the safest and most mtisfactory. We are Dot the largest operators, but. safest through personal service. It costs no more to have this service than the other kind and your interest is first served in our offices. Call Main 1373. List your rental and sale properties with us now. D. H. JOHNSON CO. 138 H St. NW. OIYIONEY TO LOAN in D. O and MA. ANY s ¥ ik . Lowest Bates. SUILDING PROJECTS FINANCED. FRED T. NESBIT Izvestment BlMg. Mals WS . Very Desirable Offices —in oar bank building, fac- ing New York Avenue, now available. Reasonable rent. Apply main floor. CITIZENS’ SAVINGS - BANK 1336 New York Avenue Reasonable Rents for Suites or Single Rooms High Ceilings—Ample Light Day and Night Elevator Service in Modernized Federal-American National Bank Bldg. Free Course in Banking BIE Ssrost IS to All People PG A G How can you get it? 1t is yours for the asking. Illinois Power & Light We have, for free distribution a comr.fion - booklet, “BANKING FACTS," 7% Debénture Bonds, 1953 glving you full information. Call in person at this bank and Price 101 and interest to yield 6.92% get your copy. No obligation on your part ex- With a groas business of about 28,000,000 in 1923, this Company cept to read it. earned the interest on its mort- THE DEPARTMENTAL BANK gage bonds over 2% times, and Your Bank 1714 Pennsylyania Ave. N.W. the balance after such interest Under United States Government was about 7% times the inter- est on these Debenture Bonds. Supervision A semi-annual Sinking Fund is esti- mated fo retire more than 937% of this entire busivess of Debenturs Bonds at or before maturity. For further information send for eirou. lar W.498, E. H. Rollins & Sons Founded 1875 416 Woodward Bldg., Washington Boston, New York, Philadelphia, Chicago, Denver, San Francisco GUARANTEED 6% First Mortgage Notes Secured by Improved D. C. Real Estate. Written Guarantee Backed by More Than $1,500,000 Resources as to: 1st. Security of Principal All the Time. 2nd. Attractive Normal come. 3rd. Prompt Consecutive In- terest Payments. 4th. Full Return of Principal When Due. 5th. Freedom From All Care and Management. Real Estate Mortgage & Guaranty Corp. Resources Over $1,500,000 L. E. BREUNINGER, Pres. 26 Jackson Place REPORT OF THE CONDITIUN 0f the NATIONAL SAVINGS AND TRUST CO.. | At Washington. in the District of Columbla. at the close of business on October 10, 1924. REBOURCES. -« 1. aloans and disconnts. In- cluding rediscounts, accept- ances of other banks, and foreign bills of exchange or drafts, sold with indofse- ment of this bank..... Overdrafts, secured. $214.69 unsecured, $13239. .0 . U. 8. governmen owned 5 . Other bond ties. etc. . . Banking house, " $i furniture and $105.421.47 . & . Cash in vanit and amount doe from natianal . Amount due from S bankers and trust comp nies in the United States (other * than included in item 10) . Checks on other banka in the same city_or ‘own as re- porting bank Total of items 10 ii ‘and 13 7.0 $,081,399.31 . 8 Checks “and drafts on banks (including fed- eral * reserve bank) located outside of city or town 'of re- ink bank .. iseelianeons cash items.... 3$8,024,2600.50 347.08 411.650.00 983,936.60 131442141 714,300.60 2,259,137. o7.052.14 | Invest Your October Funds where you will be free from worry Those who cannot afford to lose any'part of their principal, or who have neither the time nor skill for watching their invest- * ments should investigate at once our carefully selected 6%2% First Mortgages Thcy’\yill find them abso- lutely’safe in every respect —backed by improved real estate in this city worth double the entire first trust. 10,849.17 15.212.10 b 26,081.27 24,080,04 ..$13,816,165.66 LIABILITIES. . Capital stock patd in . Surplus fond . . Undivided prof c less current interest and taxes paid. Other asets, if any 62.975.43 22. Amount due to national banks . Amount due to State bankr, bankers and trust compa: nies in the United States and foreign countries (other than fncluded in item 22). . Certified checks outstanding. . Total of items 22. 23 and 24 . Demand deposits (other than bank deposits) subject to reserve. (Deposits payable within 30 da. . Individual deposits subject to epos subject to reserve (other than bank deposits). items 26 and 30.....$7.501,020.61 Time deposits’ snbject ‘to re- serve (payable after days, or subject to 30 days or ‘more notice, and postal savings): Certificates of depbsit (other | han for money borrowed). 94.978.39 . Other time deposita, savings. ~ 2,808.437.58 Total of time deposits subject to reserve, items 32 ‘and 34 . -..$2,903.415.97 ll?.!‘l!fllfl.u neton, sx.: T, CHAS. C. LAMBORN, treasurer of the above-nimed bank. solemnly swear that the above statement is true to the st of my RoowledEe AL AR LAMBORN, T ! : X, Treasurer. Subscribed and sworn to before ‘me. this 13th day of October. 1024. oAl (Seal.) ALEXANDER R’ VARELA. ots; . Cerrect—Attest: ET Rt William D. Hoover, M. Prescott Gatley, W. K. Rdmonston, Walter C. Clephi Frederick A. H. Rozler Dulany, jr., Frank Stetson. You may invest sums of $100, 5200, $500 or $1,000 at a returs of 6%:%. Interest begins at omce. Write for our new booklet—it's FREE! Mortgage Investment Dept. (SHARNON & TucRy 713 and 715 14th St. N.W. Main 2345 Edmund D. Rheem, SERVICE and SAFETY Money FINANCIAL. to Loan ; Secured by first deed of trust om real estate. Prevailing interest Joseph I. Weller nd_commission. Bidg. 9th & F N.W. Prompt Actler First Mortgage Loans Lowest Rates of | Dterest apa Commisston Thomas J. Fisher & Compeny. Inc sz | FEDMAL-AMERICAN | NATIONAL BANK + ‘RESOURCES $13000,000 BIS FST - JOHN JoY Asnets Organized 1579 Shares $2.50 Per Month EDSON, Prestdent 44th ¥ . -84,841,727.48 Surplus results is save day. 915 F St. FRANK P. REESIDE, Equitable Co-operative Building Ass’n Sec'y CAR COMPLETED $1,293,501.42 \Sulm:ripfiom for the 87th Issue of Stock Being Received THE TIME TO SAVE IS NOW The place to save with best the Equitable—you systematically each pay An Office Home in Proper Environment The Southern Building, located in the heart of the financial district, tenanted by firms of the highest standing, is the ideal place for your business home. We have, for Fall occupancy, several de luxe suites and single offices available at moderate rental rates Southe: Apply Manager—First Floor. ABKER Main 2690 Withou a Loss B. Century Main 2100 DON'T TAKE CHANCES WITH HARD-EARNED MONEY Buy safely and avoid losses. Invest in our 6Y2% FIRST MORTGAGES They relieve you of all care and worry. They pay good in- terest and your principal will be returned in full. " chased on the Partial Plan. F. Our Mortgages may be pur- Payment SAUL CO. 1412 Eye St. N.'W. IF— “If I had only salted my money away for the last ten years, instead of spending it, I'd have a young fortune today.” OW often you've h eard that com- ment! . And ten years from now you'll hear the from men who are not seizing their opportuni- National Mortgage & Investment Corporati 811 Vermont Avenue N.W. Deals in the Best Real Estate Securities First and Second Trust Notes and Ware- house Receipts are purchased at fair rates Its 7% First-Mortgage District of Columbia Real Estate, Are a INVESTMENT. Offered in denominations g from $250.00 UP. Notes, SECURED by I Boved We Have a Fund of— $500,000 To Loan on First Trust Notes Secured in District of Columbia Property at Lowest Prevailing Rate of Interest Prompt Service STONE & FAIRFAX ties today. You need not be the one to say it, though. same expression Pirst Mortgage outright An investment of only $20 a month, less than $5 a week, under our Invest- ment Savings Plan, will grow in 10 years to $10,000. And you may invest more, if you like, at any time, with proportionately greater results. are sold in $100, and $1,000 denominations or under our Investment Savings Plan. Bonds 8500 Every payment on our strongly safeguarded First Mortgage Bonds earns full bond interest. And when bond interest is compounded regularly it grows at a remarkably rapid rate. Learn more about this plan. Telephone Main 6464 or mail the coupon now. | THE P. X. SMITE COMPANY, 815 Pifteenth Street: Ploase | Plan for beinfing "an ‘Tadependent income. | Mame . jia e i e s e s e e i St S e e s e e e ive me further information about your Investment Saviogs | No Loss to Any Investor in 51 Years The F. H. Smith Co. Founded 1873 FIRST MORTGAGE BONDS * 1342 New York Ave. Main 2424 SMITH BUILDING 815 FIFTEENTH STREET