Evening Star Newspaper, December 12, 1924, Page 29

FINANCIAL TURKEYS ADVANCE IN LOCAL MARKET Rabbits Alse Higher—Meat Prices Hold Steady at Wholesale. A slight increase in turkey prices Yhis weekssuggested to dealers the possibility of a higher turkey market for the Christmas holiday season. Nothing definite concerning holiday pri can be determined for an- other week, dealers stated, but they are reasonably certain there will be & supply large enough for all demands. Receipts of nearby selected eg&S have increased the past few days, ac- cording to dealers, but prices have not declined. There is little proba- Dility that prices will decline to any material extent before the Christmas lioliday season, it {s stated. Years ago the question prices at the Christmas holiday keason was of deep interest to per- sons who had the flowing bowl of e53-n0gE 1o dispense to guests, but now is the chief interest to house- wives who engage in cake baking. Meat prices today were about the sane as those reported yesterday, 1he calf market being slightly easler. Butter and ege prices also remained the same. Rabbits continue fairly plentiful, most of the stock coming from Virginia. No. 1 rabbits were quoted at 30a33, an increase of b cents, while No. tock brought 20a of egs sday’s Wholesale Prices. Cheese—Long Horn, 23; mild cream. old sharp. 35 pound. Poultry—Alive, rooste turkeys, 30a32; ducks, 15a20; Spring chickens, 24a25; fowls, 20a22; keats, voung, 50a70 each; dressed, fresh killed Spring chickens, 30 roasters. 30: roosters, 15; fowls, 24a25; turkeys, 25a40; keats, young. 70as0 each: ducks, geese, 25; capons, 40a Live stock—Calves, amedium, 10al1; thin, Spring, live hogs, 16 pound: 15a20; geese. 3 choice, 6ai 11a12 115 lambs. Fruit and Today" Vegetable Review. market report on fruits and vegetables, compiled by the Mar- ket News Service, Bureau of Agricul- tural Kconomics, says Apples—Supplies moderate: demand moderate, market firm; b lanc, Virginia and West Virginia A 2% inches up, Stavman Winesaps and Black Twigs, 5.30a6.50: some fair Guality, 5.00; A inches up, York i 4.5045.50; Delicious, 6.00a % inches up, Delicious, most- 30: few S$.00; boxes, Wash- ington, medium to large sizes, extra fan yman Winesaps and Spit- zenburgs, 3.00a3.25; Romes, mostly Delicious, mostly bushels, Maryland and Virgi Stayman Winesaps, No. inches. 1.75a2.00; assificd varfeties, 1.00a i1 . a 1,50, various Cabbage Market Dull. Cabb moderat bulk, | “ Celery age—Supplies liberal; demand market dull: New York. to! ish type, Supplies market liberal; steady; wide mostly 75600, demand w York, range in 0a2.7 mostl, moderate, wo-thirds crate quality, 2.00a43.00, California €.00. Lettuce crates, 5.7 v Supplies market Ieeber liberal; demand steady: California, type. 1-412 doz, size, some fair quall 3.00a3.25; Flori Bix 5 féw ‘carly Suppliv market ste 109-1h. sac) 1 B to large condition Supplies Ouions Tight, Ohiio, York and Putatocs yoderate 150-1b, 1 1b. 2.00a2.1 Tibera steady: acks round white U 1.90a2.00 per sack; Michig sacks Ruszet Rurals, U per sack. market York No. Swect Potatoes Weaker, Sweet demand wealker stave buar B.00a5.00 Cauii Supplies liberal: market slightly cloth - top rwer—Supplies moderate: market steady ates, best fair anality tes deman 2dy: Ohio ety medi Hothouse supp #ood for med small sizes and 1linoise m size, 2.00a3 mod- m size. market 10-pound aate sl T 5 String mand market hampers .50, Tushel, aty beans—Supplies moderate; moderate for good stock, weaker; Florida, %-bushel green, best, mostly 6.00, few me fair quality 5.00a5.50; Texas, hampers, green, ordinary qual- and condition, 4.00. Peas—Supplies light: good Beare Florid. s -bushel ordinary quality, 3.50. Begplant—Supplies stock scarce: Florida, pepper crates, ordinary quality, 2.00a2.50. Peppers—Supplies light; moderate, market steady; pepper crates, faney, 6.50. Lima beans—Supplies very demand slow, market dull; &-bushel hampers, 6.50. Cucumbers and squash—Supplies wvery lizht; no sales reported. stock hampers, liberal: good demand Florida, light; Florida, DIVIDENDS. Pe riod. : Pas- abie, Dec 31 Dec Dec Stock of Record Dec Dec Dec Feb Dec Corporation. Aeolian (o pf.... - - Weber Plano pf int. Am Chn C Rate, Q 1%% cececo! 20 21 o Aseville P&L pF. Rassick Alemite. Bk of Manhatian, Beech:Nut Pack. Do. pf.... Tell Tel of Can B & Wson Do. pf. Canaitian Do, pf. Cagolion P ‘ob.. Toco. Chi, Tnd & L.... Do. pf. . 5 East Roil Miils. Do. pf... Tdmds & Jones P PEF VI I T xm o 1900 05 SASARE L & Routhern BWy.. Do. pf.. ftandard "Cou pf. "orrington Tofon T'D pf.. Utah G & C pf. P bn. ¥ HEE A rsises! o mmmants b e Whitman_pf;.. Yadkin R P pf [ m | cpecccnEoccoticccceccticicecelico 3 @ 1 Your Banker Knows, When In doubt about a security consult your banker. It is equally ®/s much his interest as yours 10 pro- tect your eavings. You trust him with your deposits—why not {rust tim with yowr investment problems? rrels, Mary- | 0a { ¢ demand | small | * BY WILLIAM F. HEFFERNAN. NEW - YORK, December 12.—The upward mcvement was resumed in the surb market today, but in some quar- ters selling agaln had its effect upon prices. Those who held to the opin- fon that the market had been golng ahead too fast saw their contention justified in Thursday's shake-out, and came in.on the buying side today. NEW YORK, December 12.—Fol- lowing. is an official list of bonds and Stocks traded in on the New York Curb Market today: Sales In BONDS, thousands. ok "High. 5 Allied Packers 6s... 81% 2 Allled Packe: 8 Alum 75 i 0% 99, 17 Am Gas & Ei 54 2 Am Ice 7s.... 7 Am Pow & i'és 2 Anaconda Gs ... WAIGEWISE 1 Beaverboard 8s . 1 Heth Steel 75 Low. 2:16: k) 2 10215 1028 Serv P& I, Cudatyy 318 1.5 Deere & Co 71, a;::mil Edison Gs. .. 3 Detrolt Ed.son Js A. B DER GOW Ba 1 Fisher Body 8 ‘38 18 Geveral R 3 Gulf 01l Corp 5., 71 Intern Match 6. 3 Kanw City Term 5143 5 Lehlgn Powar 6. Liboy MeNell & 1. . real ‘eat 2 Nanitoha Fowes Te - 140 Mo Pacific Ry o 4 Morris & Co 7 50 Nat Distil Prod 1 Nat Leather 8., .. 2 Nor States Pow 6iga Miun 6140'C Pub Sers of N J ds. Pure 011 ze Os 2L Un ELL & P 5ig8 A 1 Unlon il 8s ...... 36 4 United Drug Co 6s 10175 4 Yalvorine 00l 7x... 1071, 1 Webster Mills 615, 1011, FOREIGN BONDS 8 Fin Gr Mun 64s B 0% 14 Fin Gr Mun 6 207, 2 Fr Mail A 7 {1 Italian Power | 3 Kiog of Neth Gs Lw Au H E P 6 | Rep “of Polan { Russian G |23 Rus Grt | Solv & Co 6s 34 B STANDARD OIL | sales }in units. | lo Am 0il 0 Interna et Co Ltd 310 Prairic Ol & 100 Prair 0 & G vew wi e P L uth Penn uthern 1 © Indi 0 Kan X0 S O N Y S05 0 Ohio 30 Swan & Fin 1100 Vacuum 01l Salex INDEPENDENT OIL STOC in bndreds, { 1 Sery | it Serv i oir L 8100 § e 7 Washington Stock Exchange SALE Petomac K Cons, 3s—$1.000 ar 99, £3.000 at 907, pital T on 3 22000 at 981 ngton Gas s { B5-300 at 10115, 100 at 10115 Awmerican Security end Trost Co.—2 at 305, AFTER CALL, PA.—100 at 9% 8, 10 National Mtge. & Tnvest notype—10 at 10 at 76, at 55%. . & Elec. pfd.— 100 at 18% Ry & Floe, 45 —§1.000 at 76, $1.000 at 983, 00 a0, Washiogton Washington Washington Capital 957 ahington Columb s Natlonal Washingion Gas 6 018, Amerienn Security 4. 5 at 3097 Washington Gas Light—100 at 331, 100 at st 0 ‘at 101%, 300 at and Trust Co.— at ¥ and Trist Co.—5 at ans, & aud 6 per cent. BONDS. Bid and Asked Prices. TUBLIC UTILITY, Amerjcan Tel. & Telga. ds.. Amerlcan Tel. & Telga. 41 Am. Tel. & Tel.ctl. tr. & Am. Tel, & Tel conv. Gs.. & Potom & Potom Telephone 5. . Telephone of pitul Traction R. ity & Suburban 3. Georgetown Gas T8t 5. Metropolitan R. R. 56, i Potomac { Potomac 3 Potomac Flec. deb. 6 FPotoniac Elec. 3 195 Tot. Elee. Pow. g. m. & rel Wash., Alex. & Mt. Ver. 5s. i Wash!| Alex. & Mt, Ver. ct Wash.. Bait. & Annap. b hington Gas 3s... hington Gas 6s L& MISCELLANEOUS. . Paper Mfg. 6s. Pot. Jt. 8tk BE. s Res Sonthern Bldg. Wiar.. . h. Market Cold Ntorage Ds. dman Park Hotel 6s....... 100 STOCKS. PUBLIC UTILIT’ American Tel. & Telza. ‘Awerican See Moaey—tall . 961 Do 101 D12 20 Wasl w ATIONAL BAN tional Capital mba Lincola tional g8 Second .11l Nationai Baok of Washington. TRUST COMPANY. American Security & Trust Continental Trus Merchants’ Bank. . Natiooal Rav. & Trust. Union. Trust., Wagh. Loan & Trust SAVINGS BANK. Comimerce & Saving (st- Washington... curlty Sav. & Commercial Beventl) Street.... United States. Washington Mechanic FIRE INSURANCE. “Metropoiitan. American Corcoran Firemen's .... National - Uniol TITLE INSURANCE. Columbla Title.. Teeal Estate Title MISCELLANEOU! Merehmnts’ Transfer & Storage. Mergenthaler Linotype. atl, Mige. & Tnv. pfe O Duteh Market com 0ld Dutch Market pfg Tanston Monotype.. Security Stors Washington Yellow Cab. *Ex dividea ————————————— ~$1.000 ut 98, $1.000 | $1.000 THE EVENING STAR, WASHINGT! NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office The feature of the public utilities was Commonwealth Power, which moved forward sharply for a gain of six points when it crossed 124, ap- parently on expectations of larger dividend payments at the next meet- ng. Persistent demand for Kirby Pe- troleum carried the price to a new top, up almost two. points, before a reaction set in. 4 Lone Star. Gas. 5 Mount Prod 1 Mount Gulf . 43 Mutual 01l vot cfs. 2 New Bradford Oil. Peer OI Corp . Pen Beaver 01l Red Baok 0il Hyan Con Salt Ck Con Bait Ck Prod Ngpezuelan et Wilcox 0} Y ol * INDUSTRIALS. Acme Coal . Vilgr g 30 Acme Pack .0 02 Allied Pack pr pid ‘5814 Gas & El nw 46 Am Am Hawaiian 8 8 14 Am L & Tract ... 187 Am Pow & Lt nw 06% Pow & Lt ptd 891 4 !Fumrpfl-u AB 29 m > Superpower B. 20 Am_For Pow wi Row & Bi T ” & L ptd 3.3 Arch Dan Midland 2715 Armour & Co pfd.. 871, Atlsatic Fruit ... 1 Borden (o ... Brunswick K entrifug Pipe Cor - 23 1 Chntterton’ & son: 193 % Com’w'th Pow Cor. 1243 Com'w'th Pow pfd. S2ig Cont Bak A wi.... 117 Cont Bak B wi..... Cont Bak B pfd wi. ) 2815 D L& W Coal..... 119% D & RGW win pf. 39 Dubitier © & lad.. | il ut 5 Du Pont Duz Co East Pen Elec B & Share 3 Federated Metals Film Inspec ) Ford Motor ¢ ! Rad S R r Tire . D Bakeries fAth D W. Happiness Cund; Hazeltine Corp Hevden Chem Inter Cont Rub Tutern Cone Ind Cor Inter-Oce Radio Cor Int Utilitles Int Utiliti 4 Jones Rudio B Lehigh Power sec. Lehigh Val Coal NC 42 Liberty Radio & Mesabi Iron < 1 Middle West Util. 1 Midvale € 1 Murray Rody 110 A L1 Nat Distil Prviel 13 N Y Tel Co pfa... 11135 Nickel Plate nw wi 8 w pfd wi 89 Co vt tr cf 18 ix Inc A 44 1 wi 601, Cptd wi 83 ] Intl Inc Mot.... Motors. A AN Co. &2 pr. 10215 38 5 Radio Corp........ 14 Kova Ka Cor 1t efs per Radio v.t.c. 30 8o C & T new. 4 Standard flec Power.. 4313 Terre Haw 1'% BT United ¢ & E new United Lt & Pow United Pt Un_Shoe Mac U'S Sfores A.. U X Stores B Ward Bak Cor B Ward Rak Cor pfd Ware Ridio Corp Western Power ... er b Wh Rek Min Sp_nw Yel Taxi Corp N Y 4 MINING ) 1615 1815 met & ( Jerome. prer iet Mining s Con Mines .. » Black Butte? . ka_Croesus ... Nat Cop Thought Flor CGoldfield Goldtield Develoy Gold State Gold Zone Hecla Mine 3 Independeoce Lead 3 Jib Cons ......... 5 Kny Copper Corp. Mason Valley.. MeKin Dar. Mohican Copy Al Tin ornetia 4 M San oy So Aw o & 1 pearhead Gold 2) Tonopain Divide. ... Tri &% 10 United Zine Smelt Walker Mining We Copper NEW ISSUE ON SALE. NEW YORK, December 12.—New offerings today were led by an issue of $15,000.000 Pisher Body Corpora- tion 5 per cent xerial gold notes at prices to yield 4.25 to 5.13 per cent, maturing in one to four years. The proceeds will be used in retiring $17, 500,000 of the outstanding 6 per cent .;zr‘n.x sold notes dated February 1, PHONE EARNINGS GROW. NEW YORK, December 12.—Inter- national Telephone and Telegraph Co. enjoyed one of its best quarters in the period ended September 30, with earnings equal to $2.73 a share, com- pared with $2.17 a share in the same quarter last year. Earnings in the ! first nine months of 1924 were equiva- lent to $8.35 a share, or $2.35 a share morc than the annual dividend of $5. Its subsidiary, the Cuban Telephone Co., is understood to- be doing the largest business in its history. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY HAVERHILL, Mass., December 12. The Shoe Board of Arbitration has de- clded that in event of curtailment shoe factory workers must all be em- ployed even if only at part time, until orders on hand are completed, rather than that some should be discharged and others retained. i PITTSBURGH, December 12.—Cold finished steel bars have advanced $2 a ton, from 2.70 to 2.80 cents a pound, grafting has advanced from 3.10 to 3.20 cents. This advance like that in spikes, is related to advancing in hot- rolled ‘bars. ( SAN FRANCISCO, December 12— Although orange shipments from the Tulare district are already ahead of last season's output by 1,000 cars, in- dications are that San Franciseo will | experjence a Christmas orange short- age. - Virtually all the Tulare district crop is going to Eastern citles, . HOUSTON, December 12—The turkey market in Texas {s firm, dressers are paying 24 to 25 'cents a pound live weight. Operators are shipping cars of live birds to the Eastern trade on a basis of 27% cents a pound at the shipping point. The dressed market ranges between 31 and 32 cents in central Texas. YORK, Pa., December 12—Revenue reports ' show that in ~this district 57,509,283 cigars of all classes were sold in November. - This Is & gain of over threc million cigars as ocom. pared with November last year, | panies operating GOLD EXPORTS NOW/SGO0CU0000 GAIN - | MAY PASS IMPORTS December Likely to Show Un- usual Results—Other Time- ly Wall Street Notes. By the Associated Pre NEW YORK, December sharp expansion In the out ment of gold this month may result in | an excess of exports during December for the first time in several vears. Con- signments of gold have been made In the last week to England, Germany, Holland, Sweden, Indla and indirectly to Russia. Extra Dividends Declared. The American Window Glass Co. declared an extra dividend of 1 per cent on the common stock and the regular quarterly disbursement of 1% per cent. the same payments that were authorized in the four previous quarters, also the regular 1% per cent on the preferred, all payable January 2 to stock of record Decem- ber 19. The Albany and Susquehanna Rall- road has declared an extra dividend of $2 a share, payable January 10 to stock of record December 20. Initial quarterly dividends of $2 a share on the class A common stock of the Continental Baking Corporation and $2 a share on the preferred were de- clared today. The Missouri Pacific has ordered 35 Mikado engines of 165 tons each and ten 145-ton Pacifics from the American Locomotive Co. and five locomotives from the Baldw Locomotive Co. Louisville and Nashville, which bought 16 engines a week ago from American Locomotive, has ordered eight additional The American Telephone and Tele- graph Co.'s expansion program for 1925 involves an outlay of $265,000,000. Pig iron prices at Cleveland been advanced 50 cents a ton to NEW FIRM TO SELL GAS IN SIX STATES Maryland Concern Plans to Serve 31 Communities With 230,000 Population. have 22.50. Special Dispatch to The Star. BALTIMORE, December 12.—The, preliminary step in forming a chain of utility companies to furnish gas forylighting, heating and power in six States were taken today before the Public Service Commission, when the commission granted authority to the West Virginia and Maryland Gas Co. to purchase three small gas com- in West Virginia and Western Maryland. The commission also granted au- thority to change the name of the amalgamated companies to the Cum- berland and Alleghany Gas Co. This conecern will be purchrsed in the near future, it is underctoz, by the Southern Gas and Power Corporation, Which already controls gas companies operating in Georgia. N rth Carclina, South Carolina and Virginia. When the amalgamation is com- pleted the Southern Gas and Power Co., which is incorporated u..d-- the Jaws of Maryland, will furnish gas in 21 communities with an aggregate population of 230,000 persons. According to counsel for the corporation, it plans to construct an artificlal gas plant in West Virginia to supplement the natural gas, now being furnished to its consumers. This move, it was said, is in anticipa- tion of the eventual exhaustion of the natural gas supply. —_— SIX NEW DIRECTORS. NEW YORK, December 12.—Six bankers have been eclected to the board of directors of the Warner Sugar Corporation: Raymond B Jones, vieo president Bank of Man- hattan Co.; F. Abbot Goodhue, presi- dent International Acceptance Cor- poration: Arthur W. Loashy, presi- dent Equitable Trust Company: Rob- ert L. Clarkson, vice president Chase Securities Corporation; George Arms- | by of Blair & Co. and Dunham B Sheer, vice president Corn Exchange Bank. EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. A “Bull Market.” ery so often there comes what is known in speculativé circles as a “bull market” Quotations for all sorts of stock, good, bad and Indif- ferent, advance rapidly. Generally the movement begins under the in- fluence of buying by professional speculators. When the pace becomes more rapld the attention of out- siders is attracted and the upward swing gains impetus, while the num- ber of tssues dealt in increases. At such times one reads in the newspapers of the profits made by this or that fortunate speculator and people who ordinarily pay no atten- tion to the financial pages begin to study them to see if they, too, could | not possibly make something out of nothing. If the market .is well ad- vertised enough it is very difficult to resist the contagion of this specu- lative mania. Now there is nothing wrong about speculation. As modern society is organized some one must carry the} speculative risk. The trouble is that at timies like these it is those who are least fitted by temperament and | training for such ventures whaq are the most eager to enter upon them. It would not be so bad if these! tyros in speculation would use only the ‘money they could afford to lose, but they generally go a good deal farther than that. They take out of their savings bank funds patiently accumulated ower a long period hoping by one stroke of luck to dou= ble their capital. When it is stated in this fashion every one admits that nothing could | be more foolish than such a course. Every one knows that soomer or later loss is inevitable ‘and xet in every one of these “bull markets” the same thing happens over and over again. It is a thankless task to utter a word of warning and yet that is just what I am doing here. Bear this in mind. that even when fundamental conditions justify high- er prices for speculative securities it is the invariable rule that the advance goes farther than the facts warrant. This is always true, just as it is true that declines go to greater extents than there is any ood reason for. No one can say just when this point is reached either way. You may be the excep- tional speculator who is able to get out and stay out at the proper time. If so, you are to be congratulated. But do_not presume too much upon your own self-control. - 1t you stick to investment securi- ties, you won't have any of these problems, but the people for whom I am_writing this “sermonette” are not the kind who are -content with | '|McKeever & Goss INFARMERS FUNDS Grain Growers Have More Money Than for Years. Dearth of Men Feared. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, December 12.—"Christ- mas money” is the main thing in the minds of the farmers of the country this week, and thelr needs, which have a marked effect on nearly every industry in' America, are going to lead vessel owners and sailors into dan- ger on the Great Lakes, in conse- quence, in order to get wheat to market. The time limt of insurance rates on lake traffic expired Novem- ber 30, but boat owners were given the privilege of insuring vessels and grain cargoes at increased rates un- til December 12, when navigation of- ficially closes. - After today they sail at thelr own risk, but this is not likely to check, shipments entirely. Gain of $800,000,000. Grain receipts at Duluth have been well over the 150,000,000 bushels mark since August. As a result of those and other shipments from the grain belt, growers of grain have approximately $600,000,000 more . to spend than they had at this time Jast | year. There are some 6,400,000 farm- ers in the country, so each is nearly $100 Dbetter~off than a year Some of that $100 apiece is going to be spent in the next two, weeks, and retailers all over the country have been shooting in orders for extra goods In consequence. There will be no lack of Christmas funds among those agriculturists who have specialized in other products than wheat. The cotton growers who have not marketed their crops have received strong advances from co- operative assoclations which are holding them for favorable market conditions. The same applies to to- bacco growers, daifrymen and wool growers. Most producers have mark- cted cnough of their corn direct to give them ample cash to see them through until the live stock, to which the remainder is fed, is sold. Sugar beet growers have had substantial advances and Santa Claus can have no ill fed reindecr when he pulls his big loads up to the farm house chim- neys on December 24. Farmers as Amateurs. The farmers, although many of them have laughed at the agricultural school graduates and the so-called “gentleman farmer.” for years, are apparently anxious to get into the amateur class. This has resulted from the awards given at recent agri- cultural and live stock shows. The “dirt” farmer says that he is unable to compete successfully for these prizes with grain and animals pro- duced at educational institutions and experimental farms subsidized by Federal or State governments or with the products of gentlemen farmers who care nothing for expense. He, therefore, asks t he be placed in an “amateur” class from which rivals, except from his own class, are excluded. They s the purpose of the prizes is to encourage farmers to breed better cattle and grow better grain, whereas in reality there is no incentive to that end, =ince they feel that they cannot compete with those supported by large public or private funds and supplied with every facility science has devised, no matter how expensive. Dearth of Farmers Feared. perts declare it will not b. many rs before America is using all the farm products produced in this coun- try ahd must import from other lands. Leaders in agricultural schoo! devel- opment ure seriously worrfed over where the country will get farmers to produce the commodities needed There has been a marked decrease in enrollment of students at the agricul- tural colleges “Since 1914 the enrollment of stu- dents in agricultural colleges de- clined at an alarming rate” =aid Henry Sandholt. exccutive secretary of the Blue Valley Creamery Insti- tute, today “In 34 of these institu- tions, or which we depend to cducate the country’s future farmers and to make more money in agriculture, our shows that the aver has decreased from 4 this year. “As a matter of protection development of the nation’s b dustry, upon which pros we need more trained lea FEDERAL-AMERICAN NATIONAL BANK RESOURCES $13000.000 1315 F ST Jonw PooLe Paeswer E investigation ge enrollment in 1914 to 289 the ¢ in- hinges, Money to Loan Becured by first deed of trust en estats. Pravailing interest and comm | Joseph I. Weller 2.7} § ¥ ¥7%" Wanted $250,000 5 or 10 Years —6% to be secured by first mortgage on property that will sell under the hammer for $500,000. Will stand fullest in- vestigation, both as to security and applicant. Liberal com- mission. Principal only Address Box 22-E, Star Office We Have Available for Immediate Delivery A Limited Number of First Trust Notes 7% In Denominations of $250, $500 and $1,000 Secured on High-Class -Residential Pr in am operty Realtors 1415 K st. N.W. © Main 4752 ago. | for those engaged | { | | | i | | RTINS CENT MONEY This ofice loans money upon real estate—and does nothing else—that 1s, it doss not fol- low any other branch.of the real estate busine We always havd money available and are loaning it at this time at 6%%. E.Quincyy Smith, Inc. »9 5& . .. WE_FINANCE Apartment Houses Hotels, Ete. Higbie & Ri 816 15th St. N.W. - Inc. o T e P FINANCIAL Transportation " 17th and H Sts. For Rent OFFICE ROOMS Single or En Suite No Dark Rooms One Large Sulte Now Available Bix Rapid Elevators, 24-hour Service APPLY Randall H. Hagner & Co. 1321 Conn. Ave. Phone Main “When Buying” Our 7 70 First Mortgage Notes s T Sle R amounts of 4105 wn Apply Lean Dept, Mr. O'Denmell, Mgr. ‘Chas D. Sager Realter 924 14th St. N'W. 38 Main 37 E e R e MONEY TO LOAN 5 l /2 % Any Amount Apartment Houses BUILDING PROJECTS FINANCED Business Property FRED T. NESBIT Ivestment Bids. Main 9399 TO FEDERAL EMPLOYEES AND ALL OTHER PEOPLE WE WANT vOU AS ONE OF 50,000 NEW INVESTORS IN THE SAVINGS DEPARTMENT Olll' 61/2 and 7% —first mortgage notes on improved property repre- sent a gilt-edge investment. ‘Notes available in amounts of $230 up. Apply to our Loan Dept. Wm. H. Saunders Co., REALTORS 1433 K Street N.W. Main 1016, 1017 Inc. WE HAVE MONEY TO LOAN ON IMPROVED Residential and Business Property of Columbia In the District at Prevailing Interest Rates Consult Our Loa Wm. H. Saunders Co., Inc. REALTORS 1433 K Street N.W. Main 1016, 1017 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, Your one.hundred-dollar invest- ment will bear interest at 4% per annum, compoundc semi-an- nually. At the end of one year your $100 Investment will be worth $104.04. Under the usual 4% savings plan, If you save $10 a month for tcn months, your $100 at the end of one year would be worth $102.52. 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, :30 a.m. to 5:30 p.m. Saturdays, :30 a.m. to 1 p.m. (o) January Reservations Made Now ROMPT reinvestment of January funds is essen- tial if you are to realize the maximum earning power of your money. Make reservations now from current offerings of our 7% First Mortgage Bonds, arranging for pay- ment on whatever day in January your funds will be in_hand. Our record of no loss to any investor in 51 years shows how completely the interests of our investors are safeguarded. Call, write or telephone Main 6464 today for de- scriptions of Smith Bonds paying 7%. SMITH BONDS ARE SAPE BONDS The F. H. Smith Co. Founded 1873 FIRST MORTGAGE BONDS Smith Building. 815 Fifteenth St. THE DEPARTMENTAL BANK “YOUR BANK"” 1718 PENNSYLVANIA AVENUE N.W. Under United States Government Supervision FIRST MORTGAGES FOR SALI 612% THE TYPE OF SECURITY CONSERVATIVE VESTORS BUY IN DENOMINATIONS TO SUIT PURCHASERS JAMES F. SHEA We Pay Interest oN % CHRISTMAS SAVINGS 3 DISTRICT NATIONALBANK 1406 G STREET N. W. “PLEASE STAND BY, ’ Has phrase become a houschold wherever RADIO holds sway. We would like to apply this to the in- vesting public as well. act hastily and “SIGN OF (UP) with the smooth-tongued pro- moter of worthless stoc] but “STAND BY the fundamentals of a safe in- vestment program by pur- chasing FIRST MORT- GAGE NOTES on improved real estate in this city. Don't We have them in denomi- nations to suit every poc etbook and the interest yield is liberal. Our Mortgage Investment Department will cheerfully send literature and supply details. (SHARNON & TUCHY) 713 and 715 14th St. N.W. Main 2345 < INVESTMENT For twenty-five years Wardman issues of First Mortgage Bonds and Notes have sold at or above par. Current issues bear 6% interest. aud are available in dencminations of $160 to $100,000. WA Constructio mpan INC. - y s Main 3850 APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the e District of Columbia and adjacent Suburbs in Montgomery County, Md. 53 % INTEREST "Apply to H. L. RUST COMPANY LOAN CORRESPONDENT ‘Bhe PRUDENTIAL INSURANCE COMPANY of AMERICA 912 15th Street N.W. Main 6888 Mortgage Company 1410 G St. NW. * Franklin 5794 Excellent Office Space fmj Rent [ These rooms are located in the new Saul Building, at 925 15th Street N.W. An ideal location for business offices. ' B. F. SAUL -CO. Main 2100 925 15th St. N.W