Evening Star Newspaper, October 29, 1924, Page 25

FIN " TURKEYS IN PLENTY IN LOCAL MARKET Predicted Shortage Not Felt Here Yet—Thanksgiving Prices Undecided. extent the Department foreeast of r- will affect local ematical out in the for raising turkeys unfavorable in Min- ind 1ilinois, the lust to what city of the market it that is pointed forecast the was dis voung cold weutk Tocai de shi ts leerea bhirds succumbin ceived large ind chickens past few years, ents from tMre here. cultural De- rge decrease turkeys in cight in some States per cent hatehing, it is Le more than the small turkeys for holiday season. The supply for the Christmas holi- days will be larger. Dealers are Jet unable to forecast probable prices for the holiday trade e Review. have T turkeys the shi fously affe Leports of 1 partment indicate n the number of and the being as much Because of lat stated, there will ordinary supply anksgiving Thanksgiving Vegeta market renort on fry compiled by the . Bureau o ¥ruit and and Markct Supplies 1 Al market dull. Barrels \ i West demarnd Mary Virginia, sales, o6 medi Del 1 Grimes, mostly Virss ht m Delic Maryl 15022007 var va- plic market rite: New e, type nt dull Danish York m 5 00a omestic 15.00a s—Supplies heavy market fairly ady. New it elimax baskets Concords. Delawares and Niagaras, 18a20; few higher. Michigan and New York 12 at climax baskets Concords, S Potato VMarket Steady. Sup demand York and varieties demand <t Onions licht, market Ohio, 100-1h, U. S. No. 1, 1.5 Pears market baskets e light dull; w sacks yellow sa2.15, mostly Supplics light, demand ligh steady; York, Seckl Lush Bart- Supplies moderate, market steady: W acks round whites 2.25 per sack; Michi- acks Russet Rurals . 2.00a2.15 per sack upplies light, market stead section, New Boston type, 1.50a1.6 ates Iceberg type. 1daho. 5.50a6.00. Celery—Supplies moderate, demand moderate, market steady; New York full crates Golden Self-blanching in the rough, 3.23a3. two-thirds crates, 2.00a2.50. BRITISH INDUSTRY LODKING UPWARD Production and Trade Are Making Real Progress To- ward 1913 Levels. de- mand York, Y. & gan, good, 150-1b. No. 1. 2.00a demand Virginta, York crates ; California California and moderate, Norfolk Bpeciil NEW ORK British election e Star October 29 lends The in- of the Britain Commerce The bank reports as to nd of British better than nerally believed industry as a whaole, production and trade has raging progress toward e 191 - the vear average monthly output of coal was not far under 1913; the monihi iron, although less nionthly average, fncreased 50 p nt over 1922: while the average monthly output of steel was in excess of the 1913 aver- age. Trofits of many of the iron and steel companies were greater than Textil T particular 1o a s ondition of Great Al Bank Monthly nisti velopments onditin econn ; by the in pess eludes that the industry ax a whol s has heen Tuking thut of pig also ants Improving. gard to tex: the bank that the general condi- manufactures (in so far the exports of the appears 1o be not and that In points tion of weo as flect chief products) markedly below that of 191 the cotton textile industry, although #till notably below 1913 h; shown substantial progress in 1922 and 142 over the year 1921, and in the first six months of 1424 over the corre- sponding period of 1 Moreover, the British shipbuilding industry as a whole recently has shown signs of improvement. Drop in Unemployment. The decrease in unemployment and the improvement in foreign trade also indicate notable progress. Probably the greatest industrial problem with which Great Britain has had to cope in the post-war years has been un- cmployment. While it Is true that in certain industri the number of un- employed is still large, by the mid- dle of the present year the total number of unemploved among the workers covered by the trade union yeturns had been reduced to approxi- mately 78,000, which is one-quarter of the number out of work at the peak. and the number of unemploy- d among the workers covered by the unemployment insurance acts had di- minished to 1,000,000, or to half the number of unemployed three years ugo. 1,000,000 More Workers. nent indicated is even more impressive in view of the Lon- don Kconomist's estimate that there are about 1,000,000 more people avail- able for employment in Great Britain than before the war and that in nor- mal times not far short of a half mil- Jion workers would be on the register seeking employment The improve: DIVIDEND DECLARED. SAN FRANCISCO, October z3.— The Standard Oil Co. (California) Jas declared a regular quarterly dividend of 57 cents a share to a'l stockholders of recor® of Novem- ber 17. ST e NEW BUILDING RECORD. ST. PAUL, October 29 (Special).- Activity in the building materials irade here and full local employment are attributed to the activity of con- struction in this section. October permits here will approximate $3,000,- 00, & monthly record for this year. I£ to the wet and | Agriculturai | 1% Ia-u'L'-«.L £ ANCIAL Y WILLIAM F. HEFFERNAN. NEW YORK, October 29.—Traders assumed a waiting attitude today {and the general disposition was to stay out of the market until after | the elections. No initiative was taken on either side and there were periods of extreme duliness. The market was not without feature, however, and active operations went jon in seiected stocks for special rea- i The action of American To- directors in declaring dividends per cent on the new common ass B stocks was reflected in V¥ buying movement in both is- The dividend of $7 for the new shares is equal to §14 for the old, against the previous rate of $12 Tennessee Electrie Power contin- ued to respond to the highly favor- tble earnings statement put out Tues- day. At 68Y%, it was almost 2 points jabove the previous closing and with- | NEW ing is an oMficial list stocks traded in on | Curb Market today: | sales in BONDR thousands. 11 Allied 2 Alu Am 10 Am 2 Am B 1T Am Pew & LY 6 uid Am Rolling Mills ts Anaconda Gx Asvor Sim Hilw of the bonds _and | | | i | { i Beth Steel air Robt tieneral P Grand Trun ulf 01 Corps Intl Maten Kennecott ¢ Muxwell M ¢ Mo Pac Ry 5s. Morris & New or pub 8 North Cen Ry North St Pow NSt Pw Min 6 Ohio Power 5 Peun Pow & Penn R I Pub Serv of Pub Serv of Pare 0il St (iax o'y o o o 0 N N 3 N 3 1.90a2.00. | 1 h Gov Blox Bk Fin 7a 3ix B 10114 1011 | sates in units 400 Anglo 80 Gal S 6P L Imp 01 ‘of Can rie 0l & Gas 20 Solar Refin 16 Southern P L. M S 0 ind S 0 Kentucky BOS 0N Y 20§ 0 Ohio 0 Ohio ptd 10 Swan & Finch 8 Sales in INDEPENDENT OIL STOCKS, Lundreds. 5 Boston Wyo Oil... .50 5 Carib 3 2141, ix3 $1000 Clt Sers Neril 8 Creole Syod. b 1 0l al 0il 10 Guif Oil of Pa 10 Hudwon Oil..... a1 Lago Pet 20 Latin American ¢ 10 Lance Creek. | Washiggton gt&:k Excl;ange i | \ i | | | | | | | ! | Capital Tract 2500 at $1.000 at o7 Washingt 10 at 92%. 4ut o2 at 52 at 168, 10 at | al Bank—3 at 5 Bauk—10 at 300 10 East Washington Savings Bank—2 SR CAL Eailway and ki at 23, trie preferre ington Gas 6s 19333300 at 1001 Mouey—Call losns, 5 and 6 per ceat BONDS. Bid and Asked Prices. PUBLIC UTILITY. Tel. Tel | Amer. Tel. Auncostin & Potomac 3s.. Anacostia & Potomac guar. lephone C. & . Teleplione of Coital Traction K. burban & Telza. 4s. tropolitan Potemac El Potumac - | Lotemac Klec! dely s.... .. Potomac Elee o8 M. & ref. mac Joint Stk Land Bk e CAlex. & Mt Ver. ou.... | Wash., Alex. & ML, Ver, etf... Wasii, Balt. & Auiap : | Washington s 5. | Weehiugton Gos 6. W fowy. & Elee Wani. Kwy. & Elee MISC D C. Paper Mfx Riggs Realts Jogge Kealty -Soflhbrn Bldg. 6%~ Wik Skt Cold Storax | Wardman vark Hotel 6o STOCKS. PUBLIC UTILITY. & Telg en. v8Ly LLANEOUS 6. | Cup tal Wushmgton | Norfolk & Wasb. | Wash. Towy. % | Wish, Bwy” & Elee. prd. NATIONAL BANK. | National Capits Cotumbia Commereial strlet ...l Parmers & Mechanics Federal-American ... coln tonal Riggs, Secon & Natiooal Bank of W TRUST COMPANY. American Security & Trust.. Continentai Trust rehants’ Rank... Notional Savings & Trust... nion Trust.. Wash. Toan & Trust. SAVINGS BANK. merce & Saving CamtWashington. - Security Savings & Com Seventh Street. United States Savings... Washington Mechanics. FIRE INSURANCE, American . Corcoran Fircmen's National U | cotumbia Title. | Real Estate Tit MISCELLANEOUS. | Merchants' Transter & Storage. 113 YORK, October 29.—Follow- | | nothing because they Security ~ Storug: hington Marl NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office in a fraction of its top figure. The upward tendency in the copper and metal markets was reflected in a better demand for several of the mining shares. Canario sold at 4 again, while Wenden changed hands at 1%. Among low-priced Issues Goldfield Development suddenly came to life, over 50,000 shares changing hands as against only 4,000 for all of lust week. It established a new top for the year. The new Freed-Eisemann Radio came down fractionally from the high of 33%, but was more than 2% points above the subscription price. Selling today was set down to liquidation by so-called “joy riders,” who had sub- scribed for the purpose of a quick profit. A sharp break in American Ice 7s was the outstanding feature in the bond section. This accompy- nied weakness in the preferred and common stocks on the stock ex- change, —— T T al 0il vot cfx. Enz Fuel Oil k 0l Bank Oil an 0 & i K 3 Penno Red Foreign Wat W Tob new wi. Tob new B Arch Dan Midland Armour & Co pfd Atlantic Fruit Brit-AmTob Brookiyn Cit; Bucyrus Co. Rurroughs new pfs Car’ Light.......% Cen Pipe Chilas con R R 9 .8 i 102% 1 % 165, o mew D R4ig ‘4 Colorado Pow & 1. 34% Power Cor... 101ty Pow Cor wix. 21 uba o ¥ Conx Gas Balt new Dubilier C & Radio Dobill Int'l Inc.... Motors. Bond ated d Motor Ca ( Freed Eciseman wi Gillette 8 R Gillette 8 R nw Wi rennan Bk ltine_Corp Chem cean Rad ‘Corp 2 Jones Radio ... Keystone Solother Val Coal N Leathe Pow & Tea Co . NY Tel Co pi Omnibus C v Paige Motor . Peerless Motor . Pitts Term Cosl wi Radio Corp Radio Corp pfd Rova Radio C T ofs Singer Mfg 0 C & 1 new. .. and Pub Co A Intl 181 Leh N Prod Exp.. de United Bakeries i Retodl Candy A Rak Cor B Bak Ware Radio Western Power MINING Canar Conx Cons hought G M Goldfield Duvelop B 6 Hecla Mine Indeps nden: Iib Cons ... i ay Copper (orp. . Lone Star o Siiy Synd Nixon Nevada National Tin Ohio Copper . Piy Lead Mines Reorg Div Annex Silverdale Spearhead Gold 9 Teck Hughes nity Copper . nited Verde Ext 10 U & Continental 11 Wenden Copper . EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. WHAT THE BANKS MAKE. Eighty-ninth Article. Ali that i money necessary to make a lot d live easy is to be a < a very erroneous idea prevalent. of banker. That that is widely and must spend a great deal of meney to handle money safely and profitably, which is an example of the necessity of every one considering very care- fully the investing of his savings. It isn't at all a question of getting to- gether a lot of money. For several months a number of banks in this country have been earning little or have too much money. Their deposits have mounted {up and interest rates have dropped to as low as 2 per cent for call money— and lower—to as low at 2% per cent for short-time loans and 3 to 3% per cent for commercial paper. Many banks have so much money it is diffi- cult to keep it both profitably and safely employed. Bank Expenses Very Heavy. 1 heard an especially astute banker explaining to a traveling salesman, an old acquaintance, the other day why even the banks with millions of dollars at their command are held to small profits by the necessity for safety and sound business. The sales- man had intermittently borrowed small sums from the bank and had paid 5 to 6 per cent interest. He had a notion that the bank made about 4 to 5 per cent clear on these loans. The banker gave him actual figures, which, because they are pretty cor- rectly representative, I jotted down to repeat her “Expenses,” said the banker, “ab. Sorb about 70 per cent of a bank’s gross earnings. Henoe,.we can make clear but 1.5 per cent on the loan for which you paid 5 per cent. About 35 per cent of expense is the interest the bank must pay on deposits. That's the largest single item of expense. Salaries run about 20 per cent. Taxes take another 5 per cent. That leaves about 10 per cent to be divided be- tween rent and other expenses. Where Your Dollar Goes. ‘Of course, all' banks do not have the same proportion in expenses, but they come near that average or there is a screw loose somewhere. The smallest and the largest banks pay a larger proportion for salaries and rents than do medium-size banks. “The next time you pay a dollar of interest money to a bank don’t think the bank gets it all. Twenty cents or thereabouts goes to salaries, 35 cents goes to depositors and a nickel goes to Government. The bank is doing well if 1t can put 30 cents into its own pocket to pay interest on the capital invested and to glve a return for the risk the bank took in lending you the money." (Copyright, 1924, by Consolidated Press. . It pays to read the want columns of The Star. Hundreds of situations are « obtained through them. Banks do | | FARMERS'INCOMES NOW UNDER PROBE Merchants and Manufactur- ers Figure Out Profits on Year’s Leading Crops. BY J. C. ROYLE. ial Dispatch to The Star. NEW YORK, October 29.—Mer- chants and manufacturers have been doing a lot of bookkeeping for the farmer in the last month. They ex- pect to get a very sizeable portion of the farmer's money between now and next Spring and they are anxious to know how much he has and how he got it. Their computations have been based on figures o the De- partment of Agricuiture, supplement- ed by those of individual investiga- tors. The results are important not only for the farmers and merchants, but for practically every American citizen, since each is affected in some degree by the swelling or shrinking of the farmers' buying power. Profits in High Figures. The figures obtained indicate that the profit to the raiser of wheat this year will be from 17 to 21 cents a bushel, and to the grower of oats 13 cents ‘a bushel, while returns from corn will be slightly less than last ear. The profits from cotton and potatoes will be about the same as last year, In terms of dollars this means, according to the latest esti- mates, that wheat growers will have $171,200,000 in profits to spend and that corn growers will have profits of not less than $319.645,170. These figures were arrived at as follows: According to the Depart- ment of Agriculture the average sross cost of producing a bushel of wheat was $1.25. The average sales value of the wheat was 99 cents, or a lo of cents a bushel. These figures included labor used in pro ducing and marketing the crop. fer- tilizer, secd. land rent and other | ts. The loss shown in 1923 means | that many farmers either did not gei full pay for their labor or full rental value for their lands . Cost To Be Deducted. Farm wages, land values, fertilizer prices and other costs have remained practically the same this ycar, mak ing the cost per acre in 1924 practical- Iy the same as in 1923, The average yield per acre this vear is estimated at 24 bushels an acre higher thar the average for the entire country last year. This would indicate that | the average cost of prod bushel of wheat was about less than in 1923 The farm price of wheat last month was about 23 cents a bushel higher than last yvear The reduction in cost and increase in value makes a total gain of 42 to 46 cents a bushel Deducting the cents-a-bushel loss which took place last vear, this would mean a profit of 17 to 21 cents for the 1924 crop. Multiplication of this figure by the yield of the ave- rage Tocality would give a fair gen- eral idea of the farm profits of the growers. Comparixon With 1923, Tn 1922 the average cost of produc- ing oats was 52 cents a bushel, and the average price received, 49 cents, a loss of 3 cents a bushel. The vicld this vear has risen 1.3 bushels per acre, making the cost of production about 7 cents less than last season. Last month the farm price of oats was 9 cents higher than in 19 This makes a net improvement in returns of 16 cents a bushel, or a profit of 3 cents when the 3 cents loss is subtracted. The net cost of producing corn in 1923 was estimated at $23.75 an acre, or 68 cents a bushel. compared with a sales value of 81 cents. This meant | & profit of 13 cents a bushel. This vear the vield has diminished 20 per cent, so that the apparent cost of | producing a bushel of corn would l:r! 19 cents higher. ] Farm prices are 23.5 per cent high- er than last vear, but this does not mean the farmers will derive more benefit from the year's vield of corn as most of the crop is fed on the| farm where grown and marketed in | the form of milk, meat and other| animal products. The loss in feed- | ing value will offset any gains re- suilttng from the higher prices for that corn sold. Favorable Fall weather. | however, may add materially to the | vield. i Potato Profits Lower. | No estimate of the cost of grow- | ing a bushel of potatoes was made | for last vear, but this year the yield is about 4 per cent more per acre. But shipping point prices in most | of the chief commercial districts are ower than last year. If this ratio continues, the potato crop Will be| hardly profitable as that of 1923 As to cotton, the yield per acre is forecast as 19 pounds above that of last year. but the drop In farm prices, amounting to around 15 per cent, will offset most of the reduc- tion in costs brought about by the higher vield. Thus average profits about equal to those of last year are indicated. HARDWARE PRICES FIRM. Business Almost Up to Same Time | Last Year. Special Dispateh to The Star. NEW YORK, October 29.—Hard- ware Age will say tomorrow: “Better business is reported from the lcading hardware market cen- ters, Fall business appears to al- ready have reached a point nearly equal to the volume recorded for the same time last year. Collections have Improved materially in all sec- tions, and there appears to be a| minimum of bad debts. “There are very few failures re- ported, and a very small number of new stores being started. “It is generally copceded that hard- ware prices will bo subjected to read- justment, and opinion is divided as to the nature of these adjustments. The majority of those consulted do not look for important declines in the face of what they consider a firm and even rising material and labor market.” . . Consult Your Banker. 1f you are inexperienced in invest- ing money, It 15 very unwise to plunge into unfamiliar ventures. Yo wflll profit by consulting some one who is | familiar 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 wesl, moreover, to seek his advice and counsel $5,000,000 FOR ROADS. ATLANTA, October 20 (Special).— Nearly $5,000,000 in State funds will| be available for highway construction | in this State in 1925, according to the State highway department. This is in addition to Federal and local ap- propriations. | S G B N PIERCE-ARROW GAINS. NEW YORK, October 29.—Larger surplus is reported by the Plerce- Arrow Motor Car Co. for the nine months ended September 30 than the same period of 1923, the total of| $354,154 comparing with $309,089 a | year ago. The third quarter’s sur- plus was $137,281, against $41,178 in the third quarter of 1923, COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY LANCASTER, Pa.. October 29.— October has made full amends tol Pennsylvania tobacco growers for the bad weather of last Spring. While| the crop will be smaller than that of last vear, the quality is extra fine. The yleld Is estimated at 53,264,000 pounds. ATLANTA. October 29.—Families trom the North Carolina and Virginia tobacco sections are moving to Georgia at the rate of 20 a week, according to the Georgia Association, a colonizing organization. Fifty per cent lncrease in tobacco acreage is expected in 1925 NEW ORLEANS, October 29. Orders received by mills of the Southern Pine Association last week ed 5.2 per cent to %0,800,000 | Seventy six million feet were shipped and 67,700,000 feet produced. Unfilled orders now total 217,700,000 eot. BOSTON, October 29 —Another tex- tile company dividend went by the board when the Otis Company, mak- | ers of awnings. automobile covers nlnrl denims, passed its usual distribu- tion. CHICAGO, October 20.—Prices on canned corn and ‘tomatoes have sk rocketed because of limited pro- duction. Packers in Illinols, lowa, Michigan and Indiana have been able to fill only part of their orders, due to the late scason and crop short- age. MINNEAPOLIS, October 29.—Ap- proximately 30000 sheep have been shipped to Northwestern farms through the aid of the Northwestern Credit Corporation. Of this total 23.- 960 went Into North Dakota, 3,000 to Eastern Montana, 2,000 to Minnesoixs and 1,000 to South Dakota. SEATTL October 29.—Dealers here predict a strong advance in egg ‘prices owing to high cost of feed and low stocks. They expect a price ©f 70 cents a dozen on extras ship- ped to New York. PENNSY HEAD TO RETIRE. Samuel Rea Will Leave Road Next Year at Age of 70. PHILADELPHIA. October 23 directors of the Pennsyl road Co. announced late that, having in view the ret of President Samuel Rea next and to adequately carry out t pany's extensive termi ments in several large ci er important e s, clected Gen. W The ania Rail- vesterday'| develoy s and oth- busi they have W. Atterbury as vice | president of the company. He is now vice president in charge of operation President Rea will be 70 years old on Scptember 21, next, when he is ex- pected to retire under the company's retirement system. Very 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 Safest Investment With Liberal Return " Our First Mortgage Notes Paying 61,% Interest Semi-Annually On D. C. Property —are Wworth their weight gold. No safer security can he offered to those who desire liberal investment returns and no risky speculation. We urge that you Consult Our Mortgage Investment Department {SHANNON, & LUCHY| 713 and 715 14th St. N.W. Main 2345 American Telephone & Telegraph Co. Twenty-Year Sinking Fund Five alf Per Cent G benture Honds, due Nov. Toeton, wil be. pa st € The Morchants MITH, New Yok ow York at Wail Stree National Bank. Treasurer. Our business s the REAL ESTATE LOANS. | WE aiways havo an adequata supply | of_money on hend. i We make every loan offered if the security is satisfactory. We are loaning our money at 513%. E. Quincy Smith, Inc.| 909 15th Street N.W. Washington, D. C. making of Wanted Exceptional opportunity with established firm for experi~ enced securities salesman. Only ‘those who desire permanent connection need apply. Address Box 204-U Star Office FIRST MORTGAGES FOR SALE 62% THE TYPE OF SECURITY CONSERVATIVE INVESTORS BUY IN DENOMINATIONS TO SUIT PURCHASERS JAMES F. SHEA 643 Louisiana Ave. N.W. Reasonable Rents for Suites or Single Rooms High Ceilings—Ample Light Day and Night Elevator Service in Modernized Federal-American National Bank Bldg. 1317 F Street N.W. Apply Room 505 Phone M. 256—M. 700 “When Buying” Our 7% First Mortgage Notes our investment fs secured on carefuily ed improved properties and placed on nd. conwervative valuation. Notes uow available in amounts of $100 up. Avply Loan Dept.. Mr. O'Donuell, Mgr. Chas. D. Sager Realtor 14th St. N.W. Rt HY be conmtent with 3% or 4% on your money when you can get 7% with proven safety by investing your savings in our strongly safeguarded First Mortgage Bonds Interest at is as- sured and your invested funds are secure—behind both is our record of no loss to any investor in 51 years, You may invest outright in $100, $500 and $1,000 denominations, or by easy payments under our In- vestment Savings Plan. Call, write or telephone Main 6464 for descriptions of current offerings that pay 7%. 7% SMITH BONDS ARE SAFE BONDS The F. H. Smith Co. Founded 1873 FIRST MORTGAGE BONDS SMITH BUILDING 15 FIFTEENTH ST. GUARANTEED First Mortgage Notes Every one of these notes is safeguarded by our system of rigid investigation and expert supervision—by the fact that these notes are purchased with our own funds for our account, making our interest identical with yours. Written guarantee, backed by $1,500,000 resources as to security of principal, income, prompt in- terest payments, full return of principal and freedom from all care and management. Real Estate Mortgage & Guaranty Corp. Resources Over $1,500,000 L. E. BREUNINGER, Pres. 26 Jackson Place MONEY TO LOAN On Improved Property in D. C. and Md. ANY AMOUNT—THREE, FIVE and TEN YEAR TEEMS Lowest Rates BUILDING PROJECTS FINANCED FRED T. NESBIT Investmont Bldg. Main 9392 Free Course in’Banking to All People How can you get it? 1t is yours for the asking. We have for free distribution a booklet, “BANKING FACTS,” giving you full information, Call in person at this bank and get your copy. » 4 No obligation on your part ex- cept to read it. THE DEPARTMENIAL BANK Your Banl 1714 Pennsylvania Ave. N.W. Under United States Government Supervision ILLINOIS ° Power & Light Corporation We recommend for investment the Sinking Fund Debenture 7% Gold bonds due April 1, 1953, of this Corporation, which is one of the largest power and light cor- porations in the United States. Our circular, describing this issue, presents for your judg¢ment. the Corporation’s record of earnings and territory served. Price 101 and Interest Yielding 6.929, Send for circular W-499 E. H. Rollins & Sons Founded 1876 416 Woodward Bidg.,Washington Boston, New York, Philadelphia Chicago, Denver, Sam Francisco FEDERAL-AMERICAN Prompt Action First Mortgage Loans Lowest Rates of Interest and Oemmission NATIONAL BANK RESOURCES $13000.000 BIS F ST Joun PooLE Purwese Th J. Fisher & 1 0mas m‘:rfi Company, Inc. 'METROPOLITAN HOUSING LOANS (Metropolitan Life Insuronce Company) Loans for 15 years on homes in the DISTRICT OF COLUMBIA and sub- urbs in MARYLAND and VIRGINIA. BUSINESS PROPERTIES Ample funds for loans on office buildings, hotels, retail stores and apartments. Lowest Interest Rates WEAVER BROS., REALTORS 735 15th St. N.W. Main 1821 In the Heart of the Financial District Most Desirable Offices In the Nationally Known Southern Building Don’t fail to take advantage of this rare op- portunity to locate your office home in Wash- ington’s premier office’ building. The rental rates are moderate. Apply Manager—First Floor 813 15th St. N.W. WABKER Main 2690 l Equitable Co-operative Building Ass’n JOHN JOY EDSON, President Organized 1879 Assets . Subscriptions for the 87th Issue of Stock Being Rec FRANK P. REESID 44th YEAR COMPLETED $4,841,737.46 Surplus .. . .$1,293,501.42 ed Savings That’s Effective Shares $2.50 Per Month s wilt Unless you adopt a method of saving, little complished in a financial way the Equitable each Pay Day. 915 F St. tematic be ac- Join and save somecthing Experlence has clearly proven that the best of Homes are to be procured through . BOSS & PHELPS 1417 K Street REALTORS Main 9300 “The Home of Homes" Over a Quarter of a Century Without a Loss B. Main 2100 ULTRA-CONSERVATIVE INVESTMENTS WITH HIGH INTEREST RATES We offer investors an excep- tional opportunity to secure a high interest rate with abso- lute security of the principal assured. OUR FIRST MORTGAGES —yield 614 % and are protected by every known safeguard de- veloped by us during our 31 years’ experience in this busi- ness. In amounts of $250.00 and up. SAUL CO. 1412 Eye St. N.W.