Evening Star Newspaper, November 10, 1924, Page 23

FINANCIAL. PRIGES OFPOULTRY MAY 60 LOWER Receipts Continue Heavy in Local Market—Eggs Remain High. Tarly morning buying was not es- active. Prices of most com- were the same as at the close t week's market, but dealers eug- ed some changes may occur before the opening of market tomorrow morn- ing. Receipts of poultry continue heavy. Last week's receipts were heavy enough to cause decreased prices, and it Is pos- sible that another decrease will be made this week. Turkey prices are ex- pected to remain ut about 45 cents this week. N The egz market coutinues firm, with no sign of a break, and dealers antici- s prices follow: ccted candled, ; average receipts, 47. Butter—43a46 pound; store packed, 22 pound. Cheese—Long Horn, 25; mild cream, 28 old sl pound. Poultry—Alive, roosters, 18 turkey ; spring chickens, 26a28; young, 50a7 each. ed spring chickens, i roasters, 30a33: roosters, 20: 28; turkeys, 38a40; keats, young, pound ; Live stock—Calve: dtum, 10a11; thin, 13; live hogs. 10%all. Fruit and Vegetable Review. Today's market report on fruits and vegatables (compiled by the Market News Service, Bureau of Agricultural Economics), say « Apples—Supplies liberal; demand light; market dull; barrels, Mary- land, Virginia and West Virginia, A, 23 inches, Grimes, 5.00a5.50; A, 2% inches, mostly 4.0 B, 21 inches, 8.00a3.50; boxes, Washington, medium 1o large sizes extra fancy Romes and Winter Bananas, 3.00a3.15; Spitzen- bergs, 3.10a3.25; Ortleys, mostly 3.2 Delicious, bushels, Mar: Grimes and Stay- man Winesaps, No. 1, 1.25a1.75; un- classified various varleties, 75a1.25. Cabbage—Supplies moderate; de- mand light; market steady; New York, bulk per ton, Danis type, 18.00a20.00; few higher. Onions—Supplies moderate; mand light; market steady York and Ohio, 100-pound sacks varieties, 1. 8. No. 1, medium to large sizes, 1. mostly 2.00; small sizes, 1 choice, 12; me- lambs, epring, de- Potato Markets Steady. Potatoes—Supplies moderate; de- mand moderate; market ste New York, 150-pound sacks, Round White, U. S. No. 1, 2.00a2.10 per sack; Michigan, 150-pound sacfis, Russet Rurals, U. S. . 1.90a2.10 per sack. pplies liberal meders market stead ore Virginia, cloth top stave ow varieties No. 1, 4.00a Supplies moderate, demand lght; market steady. crates Iceberg type, 4.75a5.00. Celery—Supplies light, mod m steady. 2-3 ¢ elf-Blanching the rouxh, 3 Cauliflow upplies moderate, de- mand light; market dull. New York, Long Island ecrates, mostl New York String demand in light, de- ady. North mpers, bushel 1 South Carol n, 4.0024.50; 1 green, mosti gre demand Florida, Pepper crate Cucun moderate quare bushel crates Florid .1, 5.00a5. Squash— moderate ida, pe Supplies liberal; market fairly steady; Flor- crates, best, 4.00a4.50. s—Supplies light; demand lght, market st Ohio, hothous: 10-pound baskets, medium size, small sizes, Grapes light, m quart 18; 12 70a75; Michigan, baskets Concords 65. Cranberries—Supplies moderate, de- mand moderate, market steady; New Jersey, half barrel boxes Late Howes, 6.00a6.25; Karly Blacks. 5.00a5.25. Grapefruit—Supplies light; demand moderate, market steady; Florida, and Goiden,” medium 4.00. moderate; arket steady boxes, Brights and Goldens, 6.00; Parson Browns, other varieties, 4.50a5.25. demand e; demand B York, Concords, 16a kets Concords, -quart Climax Oranges. mand moderate, EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. LOW “NOT ALWAYS"” CHEAP. is curious how many people se low-priced stocks with cheap stocks. I find examples of this every day in my correspondence. body writes me he want} to buy a certain stock, which is selling for $1 a share, because it is ‘“cheap.” Of course, as a matter of fact, one stock may be very dear at $1.00 a share and another very cheap at $100 a share. Nevertheless, low prices have a fatal fascination for a good many people. The speculator is more wary. When he sees prices going down he either steps aside or “rides along” with them. He likes to go with the current. He leaves it to the untrain- ed outsider to buy simply because the quotation is lower than it was & week or month ago. The other day I had a letter from a reader who wanted to buy a stock of a certain railroad whage financial position is doubtful simply because the stock, s he put it, “was going down.” Now it is true that every so often there come times of market depres- sion when quotations for standard shares are forced down below their real merit and opportunities are pre- sented to pick up bargains. Such oc- casions are not frequent. When they do come they should be used to ac- aquire only shares in corporations en- gaged in essential industry with long records of profitable operation. Even then investors must be prepared to see further depreciation in the mar- Ket price of thelr holdings. But that is an entirely different matter from Tushing in to take up some specula- tive stock now selling at $5 simply because it ‘was once quoted at $10. Ther€ is always a reason for the de- cline, a reason that should be care- fully examined before making a commitment. % The trouble is, the people who can least afford to take chances of this kind are the ones most eager to as- sume them. It is the function of a speculator to carry such risks and in so doing he performs an economic service. For this service he is en- titled to reward in the way of profit, if he can secure it. There are al- ways losses to be subtracted from the profits. In the long run the pay 18 not high for the work, however it may look to the reader of news- paper storles of the fortunes made by this or that motorious plunger. (Copyright, 1924, by Consolidated Press.) 50, other | 3.25; | 5.50a | Some- | California | New York, | | BY WILLIAM F. HEFFERNAN. NEW YORK, November 10.—The turnover of stock at the outset of the week on the curb exchange was again enormous. In the brief session Satur- day it had taken the stock record- ing instrurent almost a half-hour after closing time to complete the record of transactions. There was no letup in the buying movement as trading started today and it was evident that over-Sunday buying orders had accumulated large volume, Ol shares were outstanding favor- ites, such leaders as Standard of In- diana, Vacuum and Imperial Oil of Canada advancing a point or more with little effort. Northern Pipe Line at 85 was sell- ing 8 points above the Saturday fmal, while Southern Pipe at 95 gained 4 points. The pool in Red Bank Oll got in NEW YORK, November 10.—Follow- ing is an official list of bonds and stocks traded in on the New York Curb Market toda; Sales in BONDS thousands. « 19 Allied Packers @s.. 13 Allied Puckers Sa.. Alum Alam 2 Am Am Am Am Sumat Tob 7 3 Am Thread Co Anaconda 6a Anglo Am_OM T3 2ACG & W LSS Atlan Fruit Ss Ine Beaverboard S5 Beth Steel 78 '35, Bkiyn Ed & wi . Can Nat Ry 7s Can Nat_ Ry . T new daliy Blgs . 4 Deere & Co 7 15 Detroit City Gas 6s. 46 Dunlop T & R Ts 11 Federal Sugar 6: 1 on' Corp_ 5t o 1t & Co 8las 4 3 Intern Matcl 613s. 100% Lig Win Lig re ex Ts 108 anitoba Power 75.. 94l Max M C 78 100% Sorris & Co o o Or Pub orth St To No St Pw AF Ohio Tower 1 enn Pow & Lt 58 Penn It K Co Phil_Elec Tub Ser E 3 Pub Ser of Pub Ner of 5 Pure 01l Co G elly Ofl Co 8% A 2 Fin Guar iy 39 Ind Mtg Bk Fnld 4 King of Neth 6s '54 1014 D of Peru Bs 44.. 991y of Polund 6x... T3 les STANDARD OIL ISSUES, in units. 600 Anglo 10 Borne 160 Kuckese P L 60 Curaber, P L 310 Gal Sig Oil... 10 Gal Sig Ol pf 100 Humble Oil & izo I P Tmp Oi Ind P L. Intern Magnolia Am_ Oil. R o 0.1 irie Ol 140 800 4100 § 0 S 7100 100 80 Ohio. ... 7400 Vacoum 0il ales INDEPEND! n hund 68 Boston Wyo Of 10 Carib S 6 Cit 1 Cit | Washington Stock Exchange BALES. Washington Rwy. & Flec. 45—$1,000 at 75%. apital Traction Co.—4 at 93%. Natl. Mtge. & Invest. pfd.—50 at 9, 50 at 9,100 2t 9, 50 at 9, 30 at 9. AFTER CAL] Natl, Mtge. & Invest. pfd 9, 100 at 9. Money 0 at 9, 50 I loans, 3 and 6 per cent. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Kid. Asked. n Tel, & Telga. 4 o n Tel. & Telga. Am. 1. & Tel. ¢l tr. Am. Tel. & Tel. conv. s & Potomac bs. & Potomac gu: 3 . Telephone 5s. C. & P. Telephone of Va. Capital Traction R. R. bs. City & Suburban o Georgetown Gas 1st 5s. Metropolitan R. R. 5 ec. 1at Potomac Elec. Pot. Elec. Pow. ; Pot. Joint Stk. Ld. Bk. 5t vagh., Alex. & Mt. Ver. bs. & Mt. Ver. ct Wash.. Balt. & Annaj Washington Gas 5s. Washington Gas 6s. Washington Rwy. & Elec. Wash, Twy. & Elec. gen. MISCELLANEOUS, Riggs Realty Southers bidg. 0% Wash, Mut. old Storage b5 Wardman Park Hotel STOCKS. PUBLIC UTILITY. h. THE EVENING STAR, WASHINGTON, D. C, MONDAY, NOVEMBER 10, 1924.- busy with its speclalty and bid the price up from 31% to 35 without en- countering opposition. Pennock Oil new stock established a new high record. Baking company .shares had dis- counted the plan for consolidation of several of the larger concerns. Profit taking made itself felt at times in issues of United Bakerles, which Is to form the nucleus of the new con- cern. The new Freed Eisemann Radlo, gft- er closing Saturday at the subscripfion price of 30, rallied weil above that fig- ure today, while others of the group were for the most part higher. First pales of the new Deforest Radio were made at 23, against the subscription price of 21. Liquidation by those who had purchased for a quick profit caused a reaction, but the stock held well above the subscription figure. 4 Cit Serv ped B... 1 Cit Berv “B"” pfd.. 1 Cit Serv BB pfd.. $1,000 C!t Berv C serlp.. $121000_ (it Serv “scrip. 10 Creole Synd 9 Euclld 0fl Co Engineers Pet Gulf Ol of Pa Hudson 01l Lago Pet . Latin Amer Mount Prod . Mutual Ol v New Bradfd Oil... w Eng Fuel OIl. w Mex Land ... ble Ol & Peer Ol Corp. Penn Beaver Oil. Pennock Oll Pennock 01l new Red Bank Ofl. Roy Can 0 & R. Rait Ck Prod Savoy Oll . 1% Union Oll of 144 Tnion Oil of Cal D. 140% Venesuelan Pet . 314 Wilcox Oll & G k(3 1714 81, T P 8% 8 24% INDUSTRIALS. Sup Power A. Super Power pfd.. Am Fgn Pow wi... Am Tob Co new wi Am Tob Co B n wi Arch Dapiels Mid.. % Armour & Co ptd. Atlantic Fruit .... 1% Borden Co .. [~ P Cent Teresa . Centrif Tron Pipe. Chatterton & Son.. Childs Co new.... )l G & E nw pf A mmonwealth P C Common P C pfd.. Con Gas Balto new Continental Tob Inc Cuba Co . Doehler Die C Co.. Dubilier C & Radio Durant Mot . 5 Duz Co A.. o ast Penn Eiec Co. lec Bond & Federated Met, F & W Grand Film Inspec Mach. Ford Motor Co Foundatfon Co pfd Freed Eisemann R Gillette 8 R...... 3: Gillette S R nw ‘wi en Alden Coal... oodyear Tire . rennan Bak ..... Hall 8wit & 8 Co Hazeltine Corp Heyden Chem £°7 OO Y19 T Inter-Ocean nes Kadi 2 Kerstone Solether.. . Lehigh Pow Sec. PUTTLTT 905 ck Plate new wi. ck Pl new pf wi. 8414 Nor States Pow Cor. 101 Omnibus Co vt tr cf 16% il i €5 i b Pit T €1 Co pt wi Pyrene Mfg Radio Corp . e Corp pfd Republic Ry & Reo Sotor . s Rosenb Grain Co pf 48 Rova Rad Co Tr cf 113 Sil G P oow vt tref 127 S0 O & I new ... 17 South Edison. 104 Southwest el pf 107 Stand Publish Co A 265 Switt Int 341, Swift & Co ..l 1104 Tenn Elec T Tenn El Pow 2d pt Thermodsne Radio Tob Prod Exports e el Bas =B B F B k) United Bakeries .. Un Bakerics pfd .. Radlo Corp tern Power. ... White Rock M S 'n 15 MIN Rrit-Colo PRTOPS I W 2 Wash, Rwy. & El Terminal Taxi com. NATIONAL BANK. National Columbia Commerc} District Farmers’ Federal-American Liberty Lincoln National Metropolits National TRUST COMPANY. American Securlty & Trust. flallllll?u:fll g::lkt. erchants’ Union Trust. Washington Lo SAVINGS BANK. Commerce and Bavin Fast Washington. Security Savings & Com. Seventh_Street.. United States Saving: Washington Mechanics. FIRE INSURANCE, American Corcoran Firemen's . tonal Union. 5 TITLE INSURANCE, Columbia ... Real Estate MISCELLANEOUS. hants’ Transfer & Storage. 115 Mercenthaler Linotype - 165, Natl., Mtge, & Invest. pfd. 1 Dutch Market com. 01d Dutch Market pfd. Lanston Monotype Securl \Vlumfz"lon Marke TYellow Cab. 10 Alaska 1 a8 Copper lumet & Jerom nario Copper . 1 Continental Mine 5 Cons Cop Mines 11 Cresson Gold . 80 Diamondfid BI' But. 10 El Paso Cons Mine .13 1 Eng Gd Ms Ltd Ind '13% 36 First Thougbt G M 08 10 Goldfield Cons .... .05 310 Goldfield Develoy 210 Goldfield Deep 20 Harmill_ Div 50 Hawthorne M; 20 Hill Top Nevada. 5 Howe Bound 20 Independence 1 Jerome V Deve 50 Jtb Cons . 82 Kay_Coppe: 1 Kerr_Lake . 80 Lor Silv Synd Ltd . 3 Mason Val . 2 10 Mohican Cop . .19 ns (8 LI e Sak S 48 54 Plymouth Lea Gold Min. 110 Silverdale 1 So Am Gold & P. 1 Tonopah Belmont. 81 Tonopah Extension. 30 Trinity Coj .2 5 Unit Verde Ext. t3 £ 10 West End Ext. 80 Wilbert . 255, 5B.8. 52 Protect Your Money. Life's drama, in a major sense, it a conflict between man and his envi- ronment. Savings and wise invest- ments are forces which .validate the human will, making it possible for an individual to determine the future economic status of his family. We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street NEW YORK CURB MARKET | ENORMOUS GAINS Received by Private Wire Direct to The Star Office INU.S. INDUSTRIES Output 2 1-2 Greater Than in 1914, and Five Times Larger Than in 1900. Special Dispatch to The Star. NEW YORK, November 10.—Manu- factures turned out by the factories of the United States In 1923 seem likely to aggregate $60,040,000,000, or 2% times as much as in 1914, 5 times as much as in 1900 and 10 times as much as in 1880. This estimate, says the crade record of the Naitonal City Bank, is based upon an analysis of the 192§ census returns on 109 in- dustries. The 1923 returns of these 109 industries show their output 52 per cent greater in value than in thelr returna of 1921, while the esti- ated number of wage earners shows an increase of 34 per cent. ‘Wage Earners Increane. The official valuation of the out- turn of the 109 classes of articles for which 1923 reports have - been recelved aggregates, says the Trade Record, $10,027,000,000 against $6, 596,000,000 for the same articles in 1921 and $9,196,000,000 for the same articles in the abnormally high year 1919. Another evidence of increased activity in 1923 is found in the fact that the estimated number of wage earners employed in the 109 indus- tries thus far included in the re- turns of 1923 is stated by the census reports at 1,335:289 against 993,328 in 1921 and 1,268,263 in the same In- dustries in 1919; the increase in value of outturn of the 109 industries in 1923, when compared with figures for the same industries in 1921, being 52 per cent, and of wage earners 34 per cent, the Census Bureau figures for wage earners being officially stated as “avcrages based on the number employed on the 15th of each Camparisons With 1850. This growth in our outturn of manufactures, from $1,019,060,000 in 1850 fo an estimated $60,000,000,000 in 1923, suggests, says the Trade Record, a comparison of the exports of manufactures in 1923 with those of 1850. The officlal record of manu- factures exported in 1850 is $23,224,- 000 and in 1923 $2,042,000,000. The value of the manufactures exported in 1923 was approximately 8§ times as much as in 1850, while the value of production in 1923 is apparently about 68 times as much as in 1850, suggesting that the manufactures of the country are increasing the share of their outturn produced for foreign markets. The share which manu- factures form of the total domestic exports has advanced from 17 per cent in 1850 to 49 per cent in 1923, 51 per cent in the fiscal vear 1924 and 55 per cent in the 9 months end- ing with September, 1924 FURTHER ADVANCE IN COFFEE MARKET By the Associated Press, NEW YORK, November 10.—Further | sharp gains were reported in the coffee market today, when prices opened 44 to 73 points above Saturdays finals. Further gains were made, especially in the near montha. Little coffee was being offered from any source. Pygmpt Action First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. FIRST MORTGAGES FOR SALE 612% 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 ST Continental Trust Company Capital One Million Dollars 14th & H Streets QLT T TS | EXHTRim N AKE reservations now of our strongly safe- guarded 7% First Mortgage Bonds and arrange for pay- ment in January, dssuring yourself a sound investment with a substantial interest return. Attractive investments are in such demand in January that experienced investors have made it a practice to make early reservations. Call, write or phone Main 6464 for circular describing current offerings paying 7%. NO LOS! TO ANY INVESTOR IN 51 YEARS The F. H. Smith Co. Founded 1873 PIRST MORTGAGE BONDS SUITHBUILDING %15 FIPTEEWTH ST. APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia Chevy Chase and 33 Takoma Park, Md. % INTEREST App H. L. RUST ly to COMPANY LOAN CORRESPONDENT Gse PRUDENTIAL INSURANCE COMPANY of AMERICA i 912 15th Street N.W. Main 6888 - .- }peakl}tg of BANKS & BANKERS the Bank is the place to keep the money you may need for current uses; the Banker is the man whose advice you should ask when you want to withdraw a portion of it for investment. @ He is not interested in any type of security—he will give you an un- biased opinion. for that reason, we want you to FIRST MORTGAGES, ask him about our the “next time you have occasion to confer with him. SWARTZELL &%Mt&/ltlfla}}i’mm shington.D.C. ——y . | i | Becured by first deed of trust on real estate.. Joseph I. Weller FEDERAL-AMERICAN NATIONAL BANK RESOURCES $13000.000 1315 F ST Jonw PooLe paeswen JOHN Joy Orgunized Assets ......... “When Buying” Our 7% First Mortgage Notes ofour investment s secured on carefully selocted improved properties and placed on & sound. conservative valuation. Notes now available in amounts of $100 up. Apply Loan Dept., R Mr. O’'Donnell, Mgr. Chas. D. Sager Realtor 924 14th St. NNW. % WY %, . Shares $2.50 Per Month 7 38 Main 37 38 Money to Loan 7 Prevailiog interest and commissie Blder o0h & £ N Have you money to invest where it will be safe and produce the highest current rates of interest? Then see us about our First Mortgage Real Estate Securities. points. Mortgage Investment Dept. ISHANNON_ LUCH 713 and 715 14th St. N. Main 2345 MONEY TO LOAN On Improved Property in D. C. and Md. ANY AMOUNT—THREE, FIVE and TEN YEAR TERMS Lowest Rates BUILDING PROJECTS FINANCED FRED T. NESBIT Investment Blds. Main 9393 TO FEDERAL EMPLOYEES AND ALL OTHER PEOPLE W oo new InvEsToRs i THE SAVINGS DEPARTMENT oF “YOUR BANK” To get your investment we will loan you ONE HUNDRED DOL- LARS WITHOUT INTEREST OR ENDORSEMENT. The only condition is that you will leave it on deposit in a sav- ings account for one year and pay us back ten dollars a month. No. 1 lished 38 DSON, 1879 $4,942,132.68 It'll Cost You Nothing —to have a conference with Our Trust Officer re- garding Wifls, the choice of Executors or Trustees, or about related matters. (Every mam owes his family to be fully and rellably informed on such National Metropolitan Bank OLDES 15th St., Opposite U. S. Treasury FINANCTIAL. Prexident FRANK P. REESIDE, 45th YEAR COMPLETED Subscriptions for the 88th Issue of Stock Being Received Save Something Now While you have a steady income is the time to save. Join the Equitable and save systematically. 915 F St. Y 222 % ixfmlnlnlmfiflil it to 3% Pald on Savings T National Bank in the City Investment Talks When we say we have been in the Mortgage Loan business for 38 years without a loss to an investor, we mean that our business was estab- ears ago and is still conducted under the personal direction of its founder! This guarantees you the protecticn of 38 years of safe and sound experience and reputation when investing your capital or surplus funds in our Your one-hundred-dollar invest- ment will bear interest at 4% per annum, compounded semi-an- nually. At the end of one year your $100 investment will be worth $104.04. Under the usual 4% savings plan, it you save $10 a month for ten months, your $100 at the end of one year would be worth $102.52. ‘First Deed of Trust Votes as Small as $100 Come in and talk with us about this new investment plan. Banking Hours—8:30 a.m. to 3 p.m., except 1st, 2nd, 15th, 16th, 17th and last day of each month, 8:30 a.m. to 5:30 p.m. Saturdays, 8:30 a.m. to 1 p.m. . THE DEPARTMENTAL BANK “YOUR BANK’ 1714 PENNSYLVANIA AVENUE N.W, Under United States Government Supervision Realtor GEO. W. LINKINS Estab. 1886 1719 K Street your dollars command. gages, secured by improved, income-| investor: excellent character and high standing. management of this Company’s business. holders. amount paid in. g 1 Share 8% Cumulative Preferred Prask P. Redmond & Bankers. C. 8. Taylor Burke gifl—?nfl-‘—.(r‘fltfl Director, Equitable Life Tnsur- ance Company. Hugh A. Thrift, Viee-Prendent Secretary-Treasurer, Thrift BuiMing Company. Bankers, Alexandria, Va. Frank J. Hughes James H. Preston W. . Waller, Treasurer Vice-President, Federa! American 1. 8. National HUGHES & COMPANY (IRCORPO! INVESTMENTS 1418 Bys Street, N. W. ‘The management comprises a group of bankers, real estate and business men of They all enjoy unbroken records of success’ and their expert knowlalge is especially adaptable to the profitable and conservative A portion of the stock of the Mortgage Bond & Guaranty Corporation is now being offered at the same price paid by the officers and directors. The cumulative preferred stock bears an immediate return of 8%. The dividends are free from the normal Federal income tax and the stock is free from the D. C. and Virginia intangible tax. All dividends over and above the 8% paid on the preferred go to the common share- ‘These securitics may be purchased on an attractive partial payment plan. Ne interest charge on deferred payments. Regular preferred dividends applicable to An Institution Is As Strong As Its Management Bmger Wadingron race. Co., Investment President, Burke & Herbert, Vice-Pres.-Gen. Mgr., National Mortgage & Investment Corp. Vice-President and Counsel, Calvert Bank, Baltimore, Md. Formerly Mayor of Balfimore. Gruver, resident, Thrift Building Co. Mortgage Bond & Guaranty Corporation | WASHINGTON, D. C. - (incerposated Under the Lews of Virgina) Authorised Capitalization £30.000 Shares 8% Comuletive Preferred Stock. par value $10.00 . . 290.000 Shares Common $2.500.000 Stock. par value $10.00 $2.500.600 (Command— HIS truth fs more forcibly brought home to us each day: You command what If you would have power, increase your wealth by investing in securities that couple safety with liberal returns. The Mortgage Bond and Guaranty Corporation deals exclusively in First Mort- roducing real estate. safest field of investment known. Thé constant turnover of the capital, through the sale of guaranteed First Mortgage Certificates, assures a very attractive return to the It is recognized this is the '“‘} $12.50 President, National Mortgage and Iavestment Corporaties. President, Rudelph & Waest, Hardware and Builders” Supplies. Vice-President, Citizens Savinps Bank. Clarence F. Donchoe Joha F. Donchoe Soms, Real Estate, Inyarance & Investments. rm.mnxs,t COMPANY 1418 Eye 3t. N.W. Washington, . & Pleasc send me yowur descripeioe bookin. Strest Address City Sec'y $1,317,011.44