Evening Star Newspaper, October 23, 1924, Page 29

FOREIGN TURKEYS INLOCAL MARKET Argentine Birds Sell Well in This City—Fowls Are Higher. Fat and plump storage turkeys from Argentina are finding ready sale in the local market at prices around 38 and 40 cents, prices at which n tive storage stock is quoted. The Ar- Bentine birds are said to be in splen- did condition and of finest quality. Only a few turkeys are being re- celved from nearby shippers, and the live ones are bringing 30 and 32 4 cents. Increased receipts are ex- pected in the near future. The poultry market is firmer, due to a temporary decrease in receipts, and the price of fowls has advanced to 26 and 27, dressed stock to 28 and 30. Egg prices are the same as ear- lier In the week Fruit and Vegetable Review, Today's market report on fruits and Yegetables, compiled by the Market News Service Bureau of Agricultural Economics, says: Apples—Supplies liberal; light, market dull; barrels, land, Virginia and West Virginia, A 2% inches up, Delicious, 6.00a6.50; Grimes, 5.00a5.50, few 6.00; New York, . A 3-inch, Wolf Rivers, fe wsales, 5.00; \ boxes, Washington, medium to large sizes extra fancy, Delicious, 4.50; Winter Bananas, 3.00a3.25; Spitzen- burgs, mostly 3.25; bushels, Mary- land, Virginia, No. 1 Grimes, 1.75; King Davids, 1.50; various varieties, | 5a1.25. Cabbage—Supplies moderate; _de- mand light, market about steady; New York, bulk, per ton, domestic round type, medium size, 15.00a20.00; Danish type, mostly 25.00. Heavy Grape Receipts. demand Grapes—Supplies heavy: demand moderate, market fairly steady; New York, 2-qt. Climax baskets, Concords, iagaras and Delawares, 18a2l; éiemgun and New York, 12-qt. Climax kets, Concords, 80a85, few 90. Onions—Supplies moderate; demand light, market steady; New York and Ohio, 100-1b. sacks yellow varleties 1 United States, No. 1, large size mostly 15; small to medium sixes, 1.75a2.00. | Pears—Supplies light; demand light, wmarket steady; New York, bushel baskets Seckels, 3.00a3.25, few 3.50; Washington, boxes Anjous, extra fancy, 4.75a5.00. Potatoes—Supplies liberal; demand go0od, market fairly steady; New York, 150-pound sacks Round Whites, United States No. 1, mostly 2.25 per sack; Michigan, 150-pound sacks Rus- sot Rurals, United States No. 1, 2.10a 2.25 per sack. Potato Market Steady. Sweet potatoes—Supplies light; de- mand light, market steady; home- grown, uncovered stave barrels Nancy Halls ‘and Yellow varieties, No. 1, 3.2523.50, few 3.75. Lettuce—Supplies light; demand moderate, market steady; New York, crates, Big Boston type, best, 1.50a fair quality, 75al.2 Celery—Supplies moderate; demand | moderate, market steady; New York, | full crates Golden Self-Blanching in | the rough, mostly 3. two-third | crates, mostly 2.50; some fair quality low as 2.00. 1 Grapefruit—Supplies light; demand | moderate, market steady; Florida, No. | 1, Brights and Goldens, mostly 5 S What Experts Bu Trained investors alw, buy se- curities that have a substantial loan value. One of the surest methods of determining the value of any stock | is to seek a loan on it. If vour banker declines to consider it as collateral | vou can rest assured its marketability | does not amount to much t MAY CHARGE TRADERS HIGHER COMMISSIONS | New York Stock Exchange Gov-i ernors Favor Lifting Broker- age Rates By the Associated Press. NEW YORK, October justment of the New York € change brokerage commissions on stock transactions, providing for a general upward revision of the pres- | ent schedule, has been recommended by the board of governors. Existing commissions on 100:share transactions are $7.50 for stocks sell- ing below $10 a share; $15 on stocks selling between $10 and $125 a share and $20 for stocks selling at $125 a share or more. The new schedule of rates adopted by the governing committee leaves the $7.50 commission for stocks sell- ing below $10 unchanged, but estab- lishes the following new scale of) charges for other shares: $12.50 for stocks selling between $10 and $25 a share, $15 for stocks selling between 325 and $50 a share, $17.50 for stocks ‘welling between $50 and $76 a share, $20 for stocks selling between $75 and 3100 a share, $25 for stocks selling between $100 and $200 a share, "~ The $25 rate is_ also appled to stocks selling over $200 a share, with the provision that it be raised $5 for each $50 increase in price or fraction thereof. GRAIN TIE-UP LOOMS. DULUTH, October 23 (Special).— Another grain embargo may become ¢ necessary here to prevent a tle-up of elevators. Latest reports to grain men here state 13,000 cars of wheat now are en route to Duluth, where | elevator capacity is only about 1,400 cars a day. Members of the board of trade hope the railroads will be able to avold necessity of an embargo by loading restrictions throughout the growing districts. — DIVIDENDS. Pe- Pay- Nable Stock of Record. Oct. 20 | 20 v. 14 3 25 Oorp. Feaailin 3 pt. Goodrich pt BE. Tngersoll Rand. Iron Prod p Ketlogg 8 '8 Co Keyvtne T P pf Lehigh C1 & 3 { Boew's Brs Th Now Cornelia € Peana Co. Stern Bre 8 b Un Rys & Elec. U'S Hoftman Wright e Musk Ox Gets Protection.. Althougt half a century ago large herds of mask oxen wouid be found in the regions stretching from the Hudson _Bay to the Arotic, and traces ofthese herds were visible up to 25 years ago, they have been a most entirely dep'eted in the. last z5 years and the Canadian’ government is now taking rigorous steps to pro- tect what few are remdining. The musk’ ox is said to be valuable for other than zoological reasons and 1s of great social and econemic value to the Dominion. y SN oIS One of the latest women to be- come the owner of a horse racing stable is Lady Curzon, wife of the former forelgn secretary of Great Suitaln, BRER 25 o B {ink NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNAN. NEW YORK, October 23.—Oll shares today were Influenced by decidedly optimistic statements coming from heads of the industry, along with the favorabie trade ddata on consumption and output. The American Petroleum Institute for the fifth successive week reported a substantial decline In the average daily production, namely 12,650 barrels, bringing the average to 1,971,350 barrels dally. strongly on intimations that develop- ments were pending between this and another property in its territory. Selling for the purpose of realising profits made itself felt in a majority of radio stocks but this was only na- tural after the recent improvement. Inter-Ocean Rbdio, however, was an exception and was taken around record top prices on reports that the company had been successful in several patent suits. A feature In the mining section wi Gains of a half point to a point or|the heavy demand for Jib Consoli- more “occurred in_Imperfal Oil of Canada, Indiana, New York, Buck- eye Plpe and other active Standard Ofls. Royal Canadian stood out dated carrying the price up substan- tially. Buying was coincident with reports that net earnings for October would in all probability reach $75,000., ——————— NEW YORK, October 23.—Follow- ing is an official list of bonds and stocks traded in on the New York Curb Market today: Sales in BONDS. thousands. 1 Alum 7s new '33.... Am Gas & Elec 6s Am Pow & Lt 8s old. 15 °Am P & Lt 6 2 Ton. High. Cow. 107% 95 84 D43 865, 1018 108 974, 1041 109 103% 1005, 1073 9515 991, 1025 10213 98 983 1003 10215 10013 1011 907 ey ey 5 Am Sumat Tob Anglo-Am0il Beth Steel 7s Cit Serv 7w D.. Con Gas Balt 6 Con Gas Balt 81, Deere & Co Tigs. Detroit City Gax 6x. Detroit Edison 6s. Dunlop T & Ri Fed Sugar 6s Fisber Body 6s '27.. 3 Fisher Body 6s '28 air, Robt 7s Gult' Ofl Corp. Gulf il Corp 5% Hood Leather 7s. Int Match 63s.. Lehigh Power 6w 21 Nor 10 Ohio Pow '3 Pan Am Pet 6s Penn Pow & Lt 3x Phila Elec $14 " ) Penn R R 2 Pub 8 G E 10 Pub Se 2 Pub Serv of 5 Pure Oil Co 6%s . 2 Shawsheen 7s iy 1081, 0 2 Tni BIL & P 5%s A 1 United Oil Prod ss.. United Drugs 6s ... 2 Vacoum Ol 7w | Webster Mills 6155 FOREIGN 3 Ind Mtg Bk Fold 10 Italian _Power 6 1 King of Neth 6x eru 8s Poland 6 in_units. 1600 Anglo-Am: Oil. 310 Buckeye Pipe Line 20 Eurckn P 80 Ilinois P 1035 Imp Oil of Ci 120 Indiana Pipe Line.. 1800 Int Pet Co Ltd 70 Magnolia_Pet outhern Pipe Line © Indiuna 600 S O Kansas.. ... 200 8 0 Kentucky. . 30 & 0 Ol prd 1300 Vacuum Oil INDEPEND! ndreds. 1% Sales 0IL STOCKS. reole Synd Engineers Pet d 0 2 0l vizg & s 26 Gulf Ol of Pa 60 Hudson Oil ... Washington Stock Exchange SALES. Capital Traction 5s—$300 at 8813, $300 at 8 fitomic Electric g. & r. 7 '41—$1,000 at 107, Withingion Gax Ligit Riggs National a Mergentator Lino ctrie Cons, Bs—82. 3 y tion Ss—$500 at 983, $300 8t % ashington Gas Light—10 at 52, 10 at 52, |5 8t Mones—Call loans, & BONDS. Bid and Asked Prices. and 6 per cent. American Tt 4 Am, Tel. & Tel, ctl. tr. © Tel, & Tel. conv. 6s. stia & Potomnc stia & Potomae gu . & P. Telephone os. & P. Telephone of ital Traction . It ty & Suburban Georgetown Gas 1s Metropolitan K. R. Potomac Elec. is Potomuc Potomac Potomuc El Pot. Elec. Pow. Joint Stk sh. Rwy. & Elec vash. Rwy. & Elec. gen. Gs. MISCELLANEOUS. D. C. Paper Mfg. 6. . Riggs Realty on (loug). Riggs Realty Bs (short Southern Building 6ls. Wash. Mkt. Cold Storage Wardman Park Hotel 6. STOCKS. PUBLIC UTILITY. American Tel. & Tel ‘Wash, kwy. & Elec. com Wash, Rwy. & Elec. pfd. NATIONAL BANK. vational Capital. District Farmers Federal. Liverty incoln " National Metropolitan. Riges, Second . 8 National Bank of Was 2 TRUST COMPANY. American Security & Trus Continental Trost Merchants' Bank.. ational Savings & Trus Union Trust. Wash. Loan & Trust SAVINGS merce & Savin Got Washington BAN| ited States. Wiihington Meckuni Asierican Garcoran - remen’s, National Union.. Columbia Title. Heal Estate Ti MISCELLANEOUS. Merchants' Transter & Storage. Mergenthaler Linotype.. Natl, Mtge. & Invest. pfd. 0ld Dutc] ket com. 01 Dutch Market pfd. Eataits “Storage.. Security ‘Washington Ma Yellow ~Cab. 18 3 Lago Pet ... Latin_Amer O Livingston Pet g: Mutual 01 New Bradford Ol New Mexican Lan Peer 0l Corp. Penn Reaver Ofl. Pennock OL... o e A o sfbEBl S BREL R FEF FOFER FR ¥ 20 Sunstar Of1 . 1 Union 01l of 34 Venezuelan Pet 30 Woodley Pet . INDUSTRIALS. t Fabric ptd. s & El new L & Tract Tow & Lt Power & L ptd Super Pow A.. Super Pow B.. W W E new wi Appalac Pow & Lt Arizona Pow & Lt.. Atiantic Frait ..... Bur Add Ma new pf Centrifugal Pipe .. Col Gas & EI pf A Common Pow Cor .. Common Pow Cor pt Common Pow Cor w Cuba Co . Cons Gas Bal new. . Dubilier C & Radio Durant Mot ....... Du Pont Motors .. Duz Co A Wi ...... East Penn Blec (o 053 83ty 138 4315 20 Glen Alden Coal oodycar Tire 6 Hazeltine , Corp Imperi 3 Inter Ce Inter-Oc Jones Radlo ....... Kevstone Solether. . Lehigh Power sec. . Lehigh Val Coal Lehigh Val Cosl Middle West Cti Nat Tea Co NY Tele Co pfd.. 2 Nickel Pl new wi. ickl P1 new pt wi mnib Co v t ¢ wi ige MOtor ....... he Exg Inc A yrene Mfg........ Rudio Corp.... Rova Radio fr Sil Gel P new v.t.c. Securities Cor 1stpt 0 C & T new...... . Standard Pub Co A utz Motor. 2 Swift In 2 Thomp Radio 'v.t.c. Todd _Bhip. o Tower Mfg. z United Bakeri 3 United United 3 United Retail Can. . United Shoe Mach.. 39% Light & Heat.. .38 Bak Cor A.. 124% Bak Cor B.. 85% Bak Cor pfd. 9% Radio Corp.. 20% MINING. lumet & Jerome. .15 ario Copper ... t Thought G M. Florence Goldfield M ® s315 % 10 03 Div % Harmil R ‘e Mines Inc .26 kY Hawt] Jib ¢ B Kay Copper Corp Lone Star Lor Sily Syn Mason Val 353 New Jersey Zinc.... 23 Plymouth Lead M. 13 Premler Gold Mine. 22 Red Warrior. 50 Reorg Div_Anne: 10 Reorg Kewanis M 10 Rochester Silver 10 SanToy 20 Silverdal Soi 5 So Am Gold & P... 11 Kpearhead Gold ... 10 Tonopah Divide ... . 3 Tonopah Extens ... 10 Tono Jim Butler. .. 8 United Verde Ext.. 3 Unity Gold .. 20 Wenden Coppe 10 West End Ext. COTTON DIRECTORS FACE COURT PROBE 0dd-Lot Trading Exchange Under Inquiry After Many Complaints. By the Associated Press. NEW YORK, October 23.—Hamil- ton Jackson, chairman of the board of directors of the Southern Cotton Exchange, an odd-lot cotton trading organization, and W. Donovan Darby, its secretary and treasurer, today were ordered by Supreme Court Jus- tice Guy to appear In his chambers next Monday for examination by members of the State attorney gen- efal's office. The order came through the action of Deputy Attorney General Cham- bers, who told Justice Guy that he had recelved numerous complaints concerning the exchange. In answer to attorneys, who claimed that the attorney general had no authority to subpoena the exchange officlals, Jus- tice Guy said: “I think there is sufficient before the court to justify the widest exami- nation and investigation of this cot- ton exchange business, which has already resulted in the disclosure of gigantic swindling operations against the public. I don’t think that it is incumbent on the attorney general to disclose his evidence now.” WALL STREET BRIEFS. NEW YORK, October 23.—Spot rib- bed smoked sheets sold at 331; cents in the local crude rubber market to- day, an advance of 1 cent and & new high price for the year. U. S. Hoffman Machinery Corpora- tion declared an {nitial dividend of 50 cents on the common stock, pay- able December 1 to stock of record November 20. The rearganization plan of Metro- pohlfln 5 and 10 cent stores, operating a chhin of 80 stores, doing a yearly business of $7,000,000, has been ap- proved at a meeting of stockholders. RECORD WOOL PURCHASE. BOSTON, October 23 (Special). —Confirmation of reports that Studley & Emery of Boston had closed on:. the entire Schreiner Storage Company accumulation of six months’ wool at San An- gelo, Tex., at a price of 48 cents a pound, was the feature of the day in Summer street. Tno lot amounts to about 1,000,000 pounds and the price Is said to be the highest ever paid for a domestic elip. Dealers estimate the clean basis price delivered in Boston at $1.25. RATES ON BAR SILVER. LONDON, October 23.—Bar silver, 35 1-4d per ounce. Money, 2% per cent. Discount rates: Short bills, 3% three months’ bilis, 3%a BUS FARES ABOVE STREET CAR RATES Competition Must Be in Serv- ice Instead of Charges, Experts Declare. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, October 23.—Competi- tion in rates of fare between electric rallway and bus lines promises to grow less instead of greater as mo- tor transportation lines develop. That was the consensus of opinion of a number of transportation experts to- day. Busses, according to George H. Kelly of the White Motor Company of Cleveland, probably will not be able to reduce fares to the level of the electric and steam lines at least for the present. The cost of bus operation is mot 1ght and the capacity of the indi- vidual vehlcle is far less than that of a steam or electric passenger car. Initial cost of busses is a heavy item and the men who operate them are comparatively highly paid. However, Mr. Kelly added, the bus companies will not have to base their fares on the level of the rail lines Competition in Service. will be in service rather than In rates, In his belief. “It is probable,” he continued, “that the bus will experience the same char- acter of development as the Pullman car. Travel by Pullman for a long time was In the luxury class. Now Pullman space often is diflicult to secure. People are willing to pay for the service the Pullman car pro- vides for them. - There are indica- tions that passengers wiil be willing to pay likewise for bus transporta- tion, especlally for short distances, at a rate somewhat higher than for travel by rail lines” Street congestion undoubtedly will limit the fleld for bus transporta- tion in the cities. In the larger cen- ters they surely must be supplemen- tary. according to transportation en ginecrs. They are rapidly winni a plac Competition Auto Owners Using Busses. automobiles to their offices abandoned that practice because parking difficulties and traffic-conges- |tion. 'Bus company executives say this class of patrons is falling n rally into the bus-riding habit, cially on lines running close t business districts. Busses m the rounds of residence districts finding a fertile fleld in ing children to and from school In the citles motor transportation of passengers ~is both aided and checked by the fact that busses can- not utilize standing room. in them because vehicle they are sure of a seat, but competitive street car lines are able to carry far more passengers per unit Even if busses have sufficient head room for standees, the lurching of the vehicle makes the possibility of acei- | den: nies to risk damage suits. have London Stresses Safety. siderations in the operation of busses in Londan, where their use has pro- gressed further than anywhere else. “The bus drivers of London that carelessness Is their worst com- petitor and public confidence their best friend,” said Col. James Patterson, English trafic_expert, who hus been investigating street conditions in this country. ‘The duty of the employe of a motor transportation company, as he is taught to see it, is to be keen on his work, to learn it thoroughly and qual- ify for promotion, to obey cheerfully and cause others to do so readily be proud of his business, courteous to the public and each othe qualifications, he indicated, were es lines. Bu ufacturers have shown marked im- provements, both In the way of luxu- rious appointments and speed. Most of these new superbusses have been put into service over long routes, and some are now making tours clear across the continent from New York to California. — WILL VOTE ON GAS TAX. BOSTON, October 23 (Speclal).— Manssachusetts voters will register {on a proposal to levy a gasoline tax of 2 cents a gallon, as is now done in some other States. The proceeds will be divided between the State de- partment of public works and the municipalities raising the funds. AR CIGAR PLANTS RUSHED. PHILADELPHIA, October 23 clal).—All the large local cigar fac torfes are' working full capacity filling orders for the holiday trade. The Efsenlohr and Bayuk organizations are conducting strong campaigns for securing additional trade territory. PARIS MARKET FIRM. PARIS, October 23.—Prices were firm on the Bourse today. Three per cent rentes, 51 francs 20 centimes; exchange on London, 86 francs 5 centimes; b per cent loan, 63 francs 76 centimes. The dollar was quoted at 19 francs 14% centimes. Penalty for Law-Breakers. e Thomas P. Riley has inau- xl;‘r‘:‘:gd a novel idea in breaking autoists in Malden, Maes. olvlhe habit of violating traflic law: Upon conviction for certain traffic law of- tenses he makes the victim memo- rize and recite to the court chapter 99 of the Massachusetts laws for the protection of the public safety. Rocca Candellaro, an Italian offender who was convicted of having inadequate brak was sentenced to write out in Itallan the whole chapter, and then was sentenced to read it to the ar- resting officer. OLDEST National Bank in the District of Columbia FIDUCIARY DUTIES OF EVERY NATURE ARE EFFICIENTLY HANDLED BY OUR TRUST Ly i §i g | Bl PAID ON SAVINGS however, on restricted routes. | Many business men who have been | in the habit of driving in their own | transport- | Many ride | hey can board the | t foo great for operating compa- | Safety Is stressed above other con- | re taught | to| Those sential to successful operation of busi es recently turned out by man- | their opinion at the coming elections | (Spe- | FINANCIAL. THE EVENING STAR, WASHINGTON, D. ¢, THURSDAY, OCTOBER COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY WILMINGTON, Del,, October 23.— | The Delaware grape crop has been a sdccess this year. Prices obtained were as high as 75 to 80 cents a 12- | quart basket, as compared with 65 to | 65 cents last year. More than 30 per; cent more grapes have been shipped than in 1923, SAN JOSE, Calif., October 23.—The California Prune and Apricot Grow- ers’ Association’In a revised estimate forecasts the 1924 California prune crop at 85 per cent of that of last year. Larger sizes and a better as- sortment, however, prevail this year. PORTLAND, Oreg., October 23.—M. J. Newhouse, sales manager of the Northwest Prune Growers' Associa- tion, reports that demand for petit prunes in France is encouraging and that Germany is a big bidder for small-sized prunes grading below 70s. DETROIT, October 23.—Creditors of the defunct Columbla Motors Com- pany expected to receive about 15 23 29, 1924, Money Available for First Deed of Trust Loans 637 Interest Prompt Replies to Applications JAMES F. SHEA 643 Louisiana Ave. NW. | Ale———[or——I HOME FURNITURE LOANS REAL ESTATE In Maryland only. From $50 to $300 Legal Mt. Rainier Loan Co. . 3401 Rhode Inland Ave. Mt. Rainfer, Md. [e——]a—=]p] a in- | cents on the dollar. The bankruptcy sale held this week yielded $184,500 for real estate, equipment and mate- rials. Liabilities were in excess of $1,000,000. GALVESTON, October 23.—The con- dition of the Texas rice crop Is re- ported 87 per cent of normal, with a probable yield of 5565000 bushels. |Good weather has prevailed and threshing Is progressing rapidly. | oo TRAFFIC FALLS OFF. Higher Car Fares in Baltimore Re- duce Amount of Riding. Special Dixpateh to The Star. BALTIMORE, October —The United Railways' riders show an ac- | tual net decrease of approximately |[i 4,500,000 passengers in the four | months since the fare was raised from | cents to 7!y cents, compared with the last f months under lower fares Riders J I ur four months numbered 71,589,000. Riders from February to May, the last four months “under the old fare, totaled | 79,465,000 This is a difference of approximately 7,578,000 | Approximately 2,160,000 of these, however, are persons who paid two fares before and pay only one now because of zone extensions, leaving a net dead loss of 4,500,000. for the last B.EC(ED EABGO SHIPPED. | BALTIMORE, October 23 (Special). | A record cargo of Maryland canned | vegetables left port in the Lind Line | steamer Romange for Pacific Coast ports. It comprised 36.000 cases on| United States Navy account for de-‘} livery at the Mare Island navy vard, | San Francisco, and 10,000 cases for| merchants at ports of call. The can-| ned goods include corn, peas, toma- | toes and beans, all grown and packed in Maryland. |LATEST EARNINGS REPORTS.| NEW YORK, October 23—Con- goleum Company in the nine months ended September 30 had net profit of $3,743,486, equivalent after pre- ferred dividends to $3.80 a share on | the common stock, against $3,004,1 or $3.02 a share in the previous cor- | responding period. 1 American Bosch Magneto Company | earned net profits of $125,393 in_the | nine months of 1924, equal to $1.30 a | share on the no par capital stock.| Net loss of $51.58 was for the/ Secured by first deed of trust on real estal Money to Loan Prevailing_interest and_commission. oseph 1. Weller 3¢ Weh & & Trust MANAGER Financial Institution with a capital and surplus in excess of one million five hundred thou- sand has an opening for Ex- perienced Real Estate Man- ager. Replies will be treated as confidential. Give references and experience. Address Box 87-T, Star Office = EDWARD B. SMITH & CO. Established 1892 Members N. Y. Stock Exchange Investment Securities Corporation Financing Commission Orders Executed 917 15th St., N. W. WASHINGTON Effingham L. Townsead Manager 1411 Chestnut Street Philadelphia § Nassau Street New York quarter ended September 30. or the Maximum Income LIFE_ANNUITIES Aetna Life Insurance Co. 801-8 Woodward Bldg. FEDERAL-AMERICAN NATIONAL BANK RESOURCES $13000.000 1315 F ST Desirable Offices —in our bank building. fac- ing New York Avenue, now available. Reasonable rent. Apply main floor. CITIZENS’ SAVINGS BANK 1336 New York Avenue MONEY TO LOAN ANY AMOUNT—THREE, FIVE and TEN YEAR TEEMS Lowest Rates BUILDING PROJECTS FINANCED FRED T. NESBIT Investment Bldg. Main 9398, Second Trust Notes | Bought | Our clients are ready to pay cash for SECOND TRUSTS in lany amount. The rates will l| please you if the security is sat- | isfactory. MORTGAGE DEPARTMENT Way Back in 1814 —when The Metropoli- tan first opened its doors Washington's population was under 10,000. {Today the total is nearly half a million, and hundreds of them are customers of this historic bank—as many of their grandsires were. 84 Seasoned s to - the - minute 3 for all YO UR banking —110 Years Old Ll L1 n i Metropolitan Bank 15th St., Opposite U. S. Treasury afety Is Paramount To safeguard every dollar invested through us is the su- preme aim of our House. We are sure we can convince any investor of this policy. If you want 100% insurance against loss invest your money through the House where SAFETY IS PARAMOUNT. Write or telephone our Mortgage Invest- ment Department to send literature. No charge and no obligation. SO E ey 713 and 715 14th Street, N.W. Main 2345 | E. Quincy Smith, Inc. 5%% Money Our “When Buying” Our 7% First Mortgage Notes ~—your fuvestment is secured on carefully seiected lnproved properties and placed on A sound. conservative valuation. Notes: now available in amounts of $100 up. Apply Losn Dept., Mr. O’'Donnell, Mgr. Chas. D. Sager Renltor 924 14th St. N.W. business fs the making of REAL ESTATE LOANS, of_money on h We make e security is sa ry. We are loning our money st 5% 36 Main 37 38 909 15th Street N.W. Washington, D. C. 1 | WE always have an adequate supply } | | | | lf NOTHING TO DO BUT CASH CHECKS That's all there is to it when your money is in our FIRST MORTGAGES No coupons to clip. No Best of all, - Interest paid by check—promptly ALWAYS. In amounts of $250 and up. Over a Quarter “dunning” to do. of a Century N0 Worr) when due— Without a Loss B. Main 2100 F. SAUL CO. 1412 Eye St. N.W. FIRST MORTGAGE NOTES FOR SALE 'IN BENOMINATIONS OF 500 DOLLARS AND UPWARDS Handall F . J@m % Ga 1821 Connectiont Soenae How Many of Your Investments Are Like This? F YOUR investments there are some admittedly gilt-edged that pay a relatively small - return, while from others you receive a fairly good return, but you are some- times doubtful how long that return will last. But have you an investment which, first never causes you a moment’s worry, and second, which pays a good, liberal return? If you have not, it would be to your interest to learn about our First Mortgage Notes which pay 6% per cent— and better—and which for over 55 years have never caused the loss of a single penny to any investor. SWARTZELL RHEEM&HENSEY (0. Ri (o ~15%Sireet, N.W. shington.D.C. 55 Years Without Loss to An Investor \ Like Buying an Automobile— Yet Strildngly Different Y Hundreds of investors are applying the deferred payment idea to the pur- chase of 7% Smith Bonds. Our Investment Savings Plan—simple, convenient, practical—fits the small investor, as well as the large one. But there is a striking difference between buy- NO LOSS THER ¥. X. SMITE COMPANTY, 815 Fifteenth Street. ° Ploase SuhEiaT ia indepeadent OU buy your automobile on a de- ferred payment basis. So do 90% of all those who get a car. They like the convenience of it, even though they have ample funds to war- rant their paying cash for a machine. ing an automobile and buying a bond. When you buy a bond under our In- vestment Savings Plan you are invest- ing; evegy payment starts immediately to yield an income—your money earns full bond interest for YOU. $4,800 invested in safe- guarded First Mortgage Bonds at the rate of $10 a month will grow to more than $22,000 and give you an independent income of nearly $1,500 a year. Learn more about this profitable plan. Tele- phone Main 6464 or mail the coupon now. TO ANY INVESTOR IN 51 YEARS The F. H. Smith Co. Founded 1873 : FIRST MORTGAGE BONDS SMITH BUILDING 815 FIFTEENTH STREET 7% Pirst Mortgage Bonds are sold in $100, $500 and $1,000 denominations outright or under our Investment Savings Plan.