Evening Star Newspaper, December 14, 1924, Page 59

* Local Strest Raiboay Lines-dve TSTEL IN) COPPER [T Yer En]oymg Greater Praspenty BY THAS, P. SHAEFFER. During the last two years many im- portant business and trade organiza- tions throughout-the couiitry, not to mentfon various utility commissions, have given voice to expressions that the electric street car Issue was & @ead ohe, that its day. had passed and the only agency for -adequate trans portation jn this modern era was the motor bus and the automobile, This situation, ‘while perhaps ob- taining throughout the country, cer- tainly does not hold good with respect to street railway companies in Wash- ington. Local eonditions,” which are borne out by accompanying statistios, prove thal’ the two car companies operating here have not passed their days of ‘uséfiiness, but on’the other hand’ it is conclusively shown that as yet no adequate substitute for the street car #8 2 means of mass transportation in the city s visible. A careful study of statistics offered ‘roves-that local companies, Instead of belng obsolete, are -just coming fnto their own. This is true for no othef reason than that mothing yet has been devised that can come any- Where near meeting the demands of tle multitudes. This multitude of car patrons quite obviously use the util- ity because they find it the easiest and__most convenient method of reaching the scene of their daily vo- cations. Comparisons With 1916. In 1916, the last pre-war year prior to the influx of Government workers, the Capital Traction Company carried a total of ‘43,706,213 revénus passen- gers during the first 10 months of the year, of which only a negligible number were transported in Mary- land. In the same period the Wash- ington Raflway and Eleotric Com- pany and its subsidiary companles, in- cluding the Washington, Baitimore and Annapolis road, carried a total of 53,349,036 in the District alome. To- taled, it is seen that 97,355,249 pay passengers avalled themselves of street car conveniences. For the first ten months of this year the Capital Traction Company has carried 56,942,697 revenue patrons, only a nominal number of which were carried in Maryland territory, while the Washington Railway and Electric lines report a total of 63,584,182 car- ried in the District alone. Lompansons With 191 6. What ‘yrocedure she Begpetonco take is, of course, not knew Greek Loan n— Soon. A’ banking syndicate, headed by Speyer & Co., is expected to offer in a few days an' issue of $10,000,000 of bonds of the Greek government, which, with the £12,000,000,000 Greek refuge loan sold in London last - week, will complete the immediate financing pro- gram of Greece. There has.beeén considerable dis- cussion of the proposed loan In Amerfcan markets for some time. According to reports current in banking circles, options were held by other Américan bankers for partici- pation In the London operation, but none of theso was exercised before expiration. The loan offered in London was declared to have been oversubscribed from 15 to 20 times. Heavy New Dond lssues. | | State and municipal bonds issued this vear aggregate more than a bil- lion and a_quarter dollars, with an- other .month to go to complete the calendar year. A total for the year of close to $1,400,000,000 is now in- dicated, according to & survey made by the Daily ~Bond Buyer: of New York. Despite the flotation of new bonds in record volume, says the - Dally Bond Buyer, there is only a moderate supply in the hands of investment dealers and these tax-exempt se- curities are commanding . higher prices than at any time in the past two vears. The following tabulation shows' the output of State and municipal bonds November 30 for ten year: 5;;&’? Siset 25l zaEEs $3a83 it S Unlisted Securities rrlg—. The following latest “bid” and ‘“‘ask- ed” prices for unlisted securities are quoted for the guidance of holders of these issues: o Asked. The increase for the first 10 months | & of 1924 (latest statistics avallable) compared with the corresponding period of 1916 amounts to 24.16 per cent. Increase in Population. Tn 1916 the population of the Dis- trict of Columbia amounted to 374,564, Bstimated for 1924, the population is 437,571. This Increase is almost 17 per cent. Thus it is seen that in- stead of merely keeping apace with the increased population, —revenue passengets carried by the street rail- ways have actually surpassed this average by more than 7 per cent. Many other items enter into the argument, all of which only serve to reflect more favor on the car eom- panies’ future. While living condi- tions have, of course, risen steadily since 1916, salarfes have enjoyed a corresponding advance. The second- hand automobile markets offer a va- rlety of purchases; moderately priced popular makes of automobiles are now within the means of a great majortty -of workers; bus lines are usually crowded; taxi rates have been “cut to the bone"—but the street railway lines in Washington continue to carry pay passengers of unprece- dented totals. Mellon Extends Time Announcement by Secretary of the Treasury Mellon that subscription privileges to the recent 4 per cent issue of bonds will be extended until December 31, in so far as exchanges are concerned, may result in a Treasury flotation which may rival war-time issues. The terms of the offering provided that third Liberty 4%s, Treasury notes and Treasury certificates ma- turing March 15 might be exchanged for the new 20-30-year 4s. Since there are some $4,000,000,000 of these issues outstanding, this opens the way to an abnormal loan. The well known”Mellon shrewd- ness is easily- discernible in the rate of the new ioan. The day befors the loan was announced Treasury 4%s of 1947-52, almost exactly comparable with the new 4s In so far as their term and -taxability is coneerned, closed at a price equal to a 3.88' per cent basis. The same basis for 20- Year fours would be 101%, and on that day the third 4s closed ~at 10117-32. ° For every practical pur- pose the holder of the third 4% was offered am even exchange. His pro- cedure will depend on whether he was holding for temporary invest- ment or whether a long-term issue fitted with his requirements. The situation with regard to Treas- ury notes and certificates was a little clearer, as they were selling at 100%. Therefore it seems entirely probable that substantially all the -Treasury notes and certificates will be ex- changed -and that a large volume of third ¢%s held for perament invest- ment wil] also be exchanged. $44.08 For Every Person. Money in circulation in the United States on December 1, 1924, amounted to $4,993,570,453—enough for $44.08 for every ‘man, ‘woman and' child—the Treasury - Department = recently - an- rounced.” On Notember 1 there was $4,879,693,585, or $43.12 per capita, and ©on December 1, 1923, there was $4,923,- 157,751, or-$44.01 per capita. Stock; of money in the United States on Decémber 1 totaled $8,738,408,443, a decrease of 398,500,000, qver the cor- réepording’ date last vear, but'an in- grease of 38,000,000, gver November 1 last. ‘Gold coin and bullion amounted to $4,570,067,375, advancing $16,421,000 over the ‘previous month’s total and showing an ' increase of 3380,433,000 oyer last vear's figures. Gold certifi- cdtes circulatfon for December, 1924, totaled “$933.687,709, an increase of $2%,826,000_over November and an ‘ex- panlon, of 400.226,000 over December 171928 . Britain Plans Debt Payment. Great Britain will pay tomorrow more than $§90,000,000 to the United States Treasury, the first tender under the debt-funding agreement, for which preparation has not been made by. the shipment to' this country from Lon- don for an approximately equivalent amount of geld. For many -weeks. prion o the -pays ment of previous instaliments :gold was sent from London to the New York Federal Reserve Blnk m 3. P. Morgay; . Inf.reg con- signments. ‘Thn%‘{ Enxl- 2 was the shipper and-was -generally under- stood _to directing the crestjon n( ari’ ‘dccottht - here Gommefisurhté wi interest and _amortization r.qulr-- ments. . It was‘never possible to bring the gold shipped directly in this way. into balance with the payments, as New York was also drawing consider- able amounts from ‘time to fime from London’s open market. Over the last’ six months, however, shipments of gold from England have fallen off, egate amount hds been: conr- para stoall, Under” the circumstances ‘it {s ‘obvi- | ous that England must resort to other meeting -the mgmnn 1 Franklin National Bank. Miller Train 'Cnntrol. Finwest Savings Bank- Nocthenst Bavings Ban Park Savings Bank. Potomac Savings Bank. Woodridge & Langdon Sav. —_— BALTIMORE DATRY PRODUCTS. BALTIMORE, December 13 (Spe- clal).—Shipments of poultry Intended for the Christmas market should be timed to reach here the week begin- ning Monday, December 15, and con- tinuing until Saturday, December 20, for live stock. Best days for dressed stock will be Monday, December 22, up to December 34. In shipping dressed poultry, scalded stock and febt on is preferred on this market. Shippers are advised to kill only choice fat birds and see that the heat is out of the body before packing and shipping. Nothing should be shipped to arrive here Christmas day, as all outlets will be closed. The live turkey’ market ruled steady under moderate receipts the past week and a fairly dctive de- mand, which has kept all choice stock closely cleaned up at 3¢ and 35 cents a pound for young hen turkeys and 33 and 34 for young gobblers, but old toms and poor and crooked breasts are $low sale at 30 ahd-31 cents for the former and 24 and 25 cents for: the latter. While dressed turkeys today will not bring any more than live, a more active demand is looked for the latter part of next week, and if cold weather prevails liberal shipments are advisable. Should the weather continue warm, best results will be obtained by shi ping live turkeys, except from nearby points. Under liberal receipts the market for live chickens rules easy and values a shade lower, with both fat selling at the same price, 21 and 22 cents a pound. Medium young chick- ens will bring a cent or two a pound over old hens and young. Leghorns sell for 17 and 18 cents, while old leg- horns and roosters and small and poor fowl, both young and old, will not bring over 14 and 15 cents. Choice young chickens dressed sell at 22 to 24 cents a pound _and old and:mixed, 20 to 22 cengs. .. Ducks and geese are runping ample for the moderate de- mand prevailing-at 20 to 22 cents, but small and_poor ducks are draggy st 14 and .15 cents. Cholee to fancy dressed ducks in fair demand at 20 to 25 cents. Geese are lower at 19 and 20 cents, but Kent Islands bring a premium of 2 cents a pound -over nearby birds, with dressed stock sell." ing'at 30 to 25 cents. Guinea fowl and pigeons fairly active at 76 and 30 cents each for young and 40 and 50 cents each for old of the former, and 30 cents 'a pair for both young and old of the latter. ‘While receipts of native and nearby eggs show a slight increase, It 1s not enough to cause any material change in the market, which rules steady at 57 cents a dozen for strictly fresh firs in free cases and from % to 1 cent & dozen less for eggs sold ‘cases re- turned. .~ Choice nearby eggs meet with -réady sale and liberal shipments the coming week are advisable, but careful grading s necessary 46 bring top values. potatoes shows little change from last week, ‘with current recelpts am- ple for trade wants at 1.00 to'1.50 per 100 pounds and 175 to 2.25 for 150- pound sacks. Maryland and Virginia McCormicks and:-Reds sell mostly 1.00 to 1.25, but No. 2 stock not wanted at any price. Market for sweets and yams rules fairly steady under liberal receipts and good demand for No. 1 ‘stock at 1.76:to. 3.25 a’ bushel for the former and:1.00 to 1.50 for the latter. De-|* mand fairly active for the hative and fnearby garden truck and prices on most lines hold firm at the foHowing: quotations: . Beets, 4.00 anfl - 5.00 hundred; carrots, 4.00 to 6.0 hun- dred; cabbage, 3.00 to 5.00 hupdred: bracoli and kale and Savoy aal 40 and. 50 bushel;: onions, 2, per 100 pound: oylwr plaritd,’ 6.00 to 8.00 hundred; parsnips, 40 a¥id 50 ba: ket; pumpkins, 16. to tornips, 30 and 40-basket. Recelpts of ‘rabbits continue ample, but stock coming to hand in good or- der finds ready sale and general mar- ket rules stedy at 3.50 and 4.00 dozen choice nearby and 2.00 and 8. for fair to good. Iri 'Silesia ‘there is & bell boy" born” on’ Chris t’mu: "'vfi" come elther a Iawyer or a thief, The . market for white] i i in Nevember and the eleven months|" vances in Prices of Tin, - Lead and Zinc. By the Assocfated Press. NEW YORK, December 13.—Monthly statistics in the steel trade have again rated the broadening of ‘the de- mand. Unfilled orders on the books of the Steel Corporation’gained 506,699 tons in November, while the production of ingots was reported to have gained 8 per cent aver October. The demand has not been influenced materlally by the season of the year, and buyers evidently bave confidence In the future. The pig iron demand was slightly less active, owing to the approaching holiday sea son, byt there was evidence of large re- quirements, and production has been turther -fficreased regardless of forelgn competition, _~ Copper Market Stromger. Copper has been firmer on an’ in- creased demand. The greater part of the buying hs sald to have been by the wire or efectrical trade, and the bulk of the business 1s understood to have been at 14 cents for electrolytic deliv- ered, Sales have also begn reported at 14% cents, and the market appears to have been firmly established at that tevel, with some producers now asking 143% cents for forward delivery. Ex- port demand has fallen off, but the sales for domestic consumption have strengthened the position of sellers, who anticipate an improved business in fin- ished products. Tin has advanced above the 55-cent level for straits on rumors of heavy tins plate bookings for the first quarter of the new year and the somewhat bullish outlook as to supplies, due to good con- sumption and light stocks in the Far East. Lead Prices Advanced. Lead has been advanced to 9 cents by the leading producer, and sales above that figure have been made in the gen- eral market. Metal is scarce and. in good demand. \ Zinc advanced to new high records for the year, owing to more active do- mestic and export demand promoted by the -strong statistical position. Antimony was firm early, but eased off, owing to Increased -lower offering from China. *IRADIO AND OIL SHARES LEADERS ON CURB Saturday Market Very Broad With Many Stocks at New High Levels. By the Associated Press. NEW YORK, December 13.— The market on the curb exchange today assumed exceptionally broad trading lines for a“short session and, along with the brisk activity throughout the list, prices in several recent lead- ers were advanced to new high levels. There was special attention given to the urgent buying in Nickel Plate issues, both of which rose to high figures at 89 for the common and 89% for preferred. Commonwealth Power also moved to a new high sell- ing to 126. Radio shares were in Increased demand at moderate ad- vantes. After a slow opening the petroleum group followed the vigorous trading in other sectlons and the volume of young chickens and large.old hens | business 'was on a much greater scale than had been witnessed ih many weeks. Advances from 1 to 5 points were noted -in some of the more prominent issues. Prairie Ol _sold from 199% to 205, and Standard Oll of Indiana rose more than a point, to 60%. COTTON EXPORTSLARGEST IN_ALMOST TEN YEARS November Remarkable Moith, Cen- sus Report Shows—Britain Largest Buyer. Cotton exports ' were. larger in November than in any month in almost 10 years indicating a revival of the cotton-spinning industry abroad. Cen- sus Bureau statistics yesterday showed 1,306,650 running bales of lint and linter cotton were sent to foreign countries during the month. Not since February, 1915, hed so large a quantity of American eotton left the ports of ‘the United States. The. United Kingdom took _the argest i November, with 427,614 bales, while .Germany was 'the next best customer, having taken e, | Norway, 3.00 823,200 bales. France's imports totaled " 162,651, - Jepan's 140,765, Ataly's 90,050 and other Europsan coantries took 124,177 bales. -In the four. months ‘ending November 30 thereé ‘were exported 3,263,188 bales, compared with 2,475,459 bales in the same " period last year. —————— LIVE STOCK' MARKET. BALTIMORE, Md., December 13 (Special).—With exception of calves, which in ample receipt and easy, the general live cattle market rules. steady to firm under light re- ceipts and fairly active demand for first quality stock. There is very 1it- tle demand for common to ordinary |, cattle, either on the wharves.or at the stockyards, and all such stock moves slow at the lower values quoted. - Quotations today at Light street wharf: Beef cattle, first qual- ity, pound, 7 to 8; medium, 4 to 6. Bulls, as to quality, 2 to 4. Cows, chotce to: fancy, 3 to 4; common,.to falr, 3 to 5. Oxen, as to quality, § to Mlilk cows, choice to fancy, head, 1924 to Date on the Waslnngton Stock Exc]nnge ; Hrwmtyw.l.lllhoe..un-m . Up_to and including Saturday, December 13. _ Rales. | BONDS. $12.000—Ana. ana Pot. River R. R. bs $3,000—C. & P. Telephone 1st bs 23,000C. & P. Tel of Va. 5s. 329,000—Capital. Traction 1st 5s.. 12,000—City & Suburban Ry 1st 85,000—Georgetown Gas Lt. st 35,000—Metropolitan’ R. R. 5 30,000—Pot. Elec. Power 1st 236,000—Fot. Elec. Power cons b8 67,800—Pot. Elec. Power 6s, 1953. 34,200—Pot. Elec. Power ref. 7 24,000~Pot. Elec. Power Deb. Balt. & Annap. 1st s Gas’ Light gen. bs.. Ry. & Elec. cons. 4s Ry. & Elec. gen. 6: 239,500<Wash. 329,500~~Wash. 284,500—Wash 817,300—~Wash, 10,000—Wash. Market Cold Storage b 22,000—~Wardman Park 6s 15,500—Southern Bldg. 6%s. Shares. STOCKS. 1,875—Amer. Tel. and Tel. rights 7.161—Capital Traction. 5,538—Washington Gas. 211—N. & W. Steamboat. 4,279—Wash. Ry. & Elec. com. 9,778—Wash, Ry & Elect. pfd. 1, 3—Terminal Tax| com 112—Capital Nat. Bank. 5—Columbia Nat. Bank. §41—Commercial Nat. Ban! 218—District Nat. Bank... 30—Farm. and Mech. Nat. Bank Open.... Higk... Low. $1 ,000,0;0 Loan to. Greaoe % | Sure to'Be Success—Prices 5—Federal-American National Ban] 15—Liberty Nat. Bank..... 66—Lincoln National Bank . 41—National Bank of Washington, 18—Nat. Metropolitan Bank. 910—RIggs National Bank 66—Second Nat. Bank. 724—Amer. Sec. & Trust. 481—Continental Trust 58—National Savings an 370—Unlon Trust 102—East Wash. Sav. Bank.. 61—Washington Mechanics’ 104—Firemen’'s Fire Insurance. 212—National Union Fire Insurance. .1,305—Columbia Title Insurance. 117—Real Estate Title Insurance. 20—Dist. of Col. Paper Mfg. com 114—Mer. Trans. and Storage . 1,328—Mergenthaler Linotype. 2,004—Lanston Monotype 66—Security Storage Co. 632—Washington Market 21,831—Natl. Mtg. & Inv. pr. Shares. s 108—Chapin Sacks 8% pfd 5—Chapin Sacks 7% pfd 68—Departmental Bank. 270—District Title Insurance. 5—Franklin National Bank 150—Standard National Bank . 200—Washington Base Ball Club. 208—Washington Title Ins. 10—Chris Heurich Brewing 6—Munscy Trust W B.& A INCOME [N FINE CONDITION Interest Needs Covered by Good Margin—Cash Po- sition Strong. Special Dispateh to The Star. BALTIMORE, December 13.—The ‘Washington, Baltimore and Annapolis Electric Rallroad realized one of its most profitable months of the year in November. December returns also promise to be satisfactory, but not as large as they were last month. The company will earn interest for the year on its 5 per cent bonds by a substantial margin, according to re- ports In the financial district. The cash position of the company Is stronger than it has been for years. Besides over $350,000 in banks, the company has ap- proximately $400,000 invested in Gov- ernment securities. Knowledge that the turn has come in the condition of the company is re- sponsible for the marked improvement in prices of the company’s securities. From the low of 60, registered for the 5 per cent bonds about a month ago; the quotation has advanced to 66. The preferred stock Is selling at 15, against 10% a month ago and 27%, the top of. the year. The common stock is up ta 7, against 4%, the low point set a month ago. The common shares are now withimr 1 of a point of the high level of the year, while the bonds are down 5% from the top. WESTERN POWER FIRM TO DOUBLE PREFERRED By the Associatdd Press. NEW YORK, Decerber 13, —Stock- holders of . the Western Power Core| poration, which recently acquired San Joaquin Light and Power Corporation, Will meet in January to autherize an increase in the number of common shares from 146,700 to 300,000 and in 7 9 per. cent preferred shares’ frop 70,800. to 150,600, Additional preferréd stock will be applied as part payment for the. San Joaquin property. The balance in cash will be raised by the sale of $6,000,000. 6% per cent debentures and an offering of 73,500, ahares of Western Power tommon to stockholderss. CHICAGO GRAIN PRICES. 0 to 75.00; common to fair, 30.00 to | 3¢ 50.00. 117 ordinary to medium, 10 .to 103%; Calves, veal, choice, pound, 5 to 6. Sheep, 5 to old Dbucks, 4 to 5; common, 2 to 3. - Lambs, spring, choice, pound, 14 to 15; fair to Eood 12 to 13; common thin, 9 to 10. Hogs, straight, pound, 8% to 9: sows, § to 7; stags and boars, 3 to 4. Live pigs; poqnfl.,l,!o 9;- shoats, pound, 7 [to 8, - < B choice, FOREIGN EXCHANGE: -° 7 the Associated Press. u ' NEW YORK, Dpcember 13—Forelin firm. Quotations (in dallars); Groat ‘Britain, demand, 4.60%: cabes, 4.69%: 60-day bills on banks, 4.66%. France, demand, .0636%; cables, .0537. Italy, demand, .0430%; cables, .0431%. Belglan, demand, .0496;. cables, .0496%, Germany, demand, 3881 Hollsnd; 4035} JO0613(; Argentina, . Tokio, .38%; lo-m .n 11-32. COAL OUTPUT DECLINES. H, December 13 (Special). —Cosl the local flelds from a high point of 58 per ‘cent, a -little more 'than & month ago. . river ‘mines In :m'mr:?d mm- [hesivy fat, 9'to 10; rough and common, | Mé 137 4.88% 1.11* 1431 130% 1.324 1363 T8¢ 1y LHE 130% 130! — ' DETROIT, December 13.—The re-’ duction {n the price of the Hup sedan to $1,376, a cut of $100 per car, is expected to result n_ increased pro- duotion at the Hup plant. " When. we “announced” that “the " U .\LISTED DEPARTMEI\T WHEAT IN PINNIPEG HITS $1.73 A BUSHEL By the Associated Press. ‘WINNIPEG, December 13.—Higher Liverpool cables and a flurry of buying at the opening today sent the May wheat future soaring into new high levels at $1.73. At this figure, however, there was considerable profit taking. and the extreme bulge was not held. By 10 o'clock prices had fallen to 31.71%. Every decline was stubbornly contested, but the undertone was firm. The coarse grains showed little change by trade; volume was very large. ; “When Buying” Our 7% First Mortgage Notes conservative valustien. ble in amounts of $108 up. Apply Loan Dept. Mr. O'Donnell, Mgr. Chas D. Sager Realter 924 14th St: NW. Wanted $256,000 S or 10 Years —6% to be secured by first on_ low a y other branch of :the real estate business. # “We. always have money available and are. lolnln“lt # at this time at 5%%. 1A Quincy Sllth Inc, 909 15tk St. N.W. est method of savi conserving your funds and, at’the same time, +a liberal mcom&lu to purchase Improved Real guarded and pa “ worrisome det t us explain. tate? Th nkssfizumr bso! ate 0S¢ we are 21 Ar at least 635 per cent. )?ghinegabeu‘:r“‘?nd no | Joseph 1. Weller 55, Confused. By the Associsted Press. NEW YORK, - December . 13.—Bond prices held -fairly = steady. .today, although week. . end realizing sales canceled some of the early gain New financing abporbed most of the attention of investment circles. Ar- rangements were completed by Speyer & Co., bankers, for the pur: chase of the $11,000,000 -American portion. of the Greek government loan’ané offering of-the dollar bonds will be -made here next week. plications for participation in syndlcate, it was announced. already exceeded the amount available. -Negotiations for refunding the Cen- tral Leather Co.'s 5 per cent bonds maturing next April were completed and definite announcement of the plans {8 expected next week. These. are understood to involve an offer- ing of about $15,000,000 first mortgage 6 per cent 20-year bonds at.a price to yleld nearly 6% pér cent. Present holders will be given preference. in subscriptions. An ofering of West~ ern Power Corporation 6l per cent debentures also is scheduied for next week. Proceeds from the sale wiil be used in financing the company's acquisition of the San Joaquin Light and Power properties. Contrasting price movements were general in most sections of the Bormd market today. Chesapeake and Ohio convertible 5s forfeited 1% points of yesterday's 4-point advance on profit taking, but Seaboard and “Katy” issues continued to gain: Copper fssues moved higher under the leadership of American Smelting 5s and Magma 7s. —_— FLOUR UP 25 CENTS. MINNEAPOLIS, Minn., December 13 —Flour, 10 to 25 cents higher, at 8.75 28.95 a barrel, shipments, 37,244 bar- rels; bran, 31.00; wheat, No. 1,North- em, 1.62%al.65%; ‘December, % May, 1.65%; corn, No. 3, white, 55%; flax, No. 1, 2.861:a2.89% Money to Loan Secured by frat deed of trust on :eal sstate. Prevailing interest: commugsion. LIFE ANNUITIES hunual Installments Parchased by Lo 07.30 11074 N. E. ELLSWORTH, Mgr. AETNA LIFE INSURANCE Co. 801-806. Woodward_Blds. Whea You Need a Loan, Think - of WELCH, Loan Specialist Money to Loan At 51, 6 and 61,% Interest Plact Re Beterb Jucing or Benewing Your Consult WELCH, Realtor Loan Specialist 15tk and N. Y. Ave. Main 4348 FIRST MORTGAGES FOR SALE 612% THE TYPE OF SECURITY SERVATIVE INVESTORS BUY IN DENOMINATIONS ‘'TO SUIT PURCHASERS JAMES F. SHEA 643 Louisiana Ave. N.W. When* ¥ou Have Funds to Invest, ComnltWELCH ; Loan Specialist Established 1899 62 .and 7% Real Estate Notes for Sale in Amounts from $250 Up to $1,000 or More. - Consult Welch, Realtor Loan Specialist 15th & N. Y. Ave.: M-hr 436 AT s e % loss to an investor in 25 years. Reference: or Title- Co. Oldest National Bazk in i S OFFioERs GEQRGE W WHITE JOmNEON, S & F AW OPEN CEMERNT BIDS SOON. ST. LOUIS, Decomber 13 (Special). —/The Missouri Higbway Department [tual condition: 1l open bids on, iber 19 for [and ‘.”n‘-'.. L3l gt 403,000 barrels of cemwnt. This ma- [shows’&n esoss + rial will'be used in cunstruction of | 790. State highways. NEW-YORK, Degemibgr 13.—The ac Large Loans Available Weaver Bljos., Realtors Insurance Company Loans Long Term Financing Building Loans Refinancing Lowest Interest Rates 735 15th-St. N.W. Main 1821 647 Guaranteed First Mortgage Notes Secured by Improved D. C. Real Estate. Written Guar- antee Backed by More Than $1,800,000 Resources as to— 1st. Security of principal all the time 2nd. Attractive normal income 3rd. Prompt consecutive interest payments 4th. Full return of principal when due 5th. Freedom from all care and management. REAL ESTATE MORTGAGE & GUARANTY CORP. Resources over one million eight hundred thousend L. E. BREUNINGER, President, 26 Jackson Place Metropolitan. Housing Loans (Metropolitan Life Insurance CWnny) In the District of Columbia and suburbs in Maryland and Virginia These loans may be made for 15 years and are very advantageous to the borrower for the'reason that they elimiiaté extensions, or new loans, at the end of short persods. No Life Insurance requirements. BUILDING LOANS WEAVER BROS., REALTORS 735 15th St. N.W. Phone Main 1821 Real Estate Mortgage and Guaranty Corporation ‘(Washington, D. C.) The regular semi-annual dividend on the preferred and common steck -of this corporation will be paid Janu- ary 5th, 1925, to Stockholdé s of rec- ord December 20th, 1924. Anton Stephan, Treasurer. Open Until 5:30 p.m. Tomorrow Your Xmas Present —to y.qurs'e!fimay very appropriately take the form”of a “Metropolitan” Savings Account. Such a*giff, 'carefully increased, grows more valuable with the pass- ing of time, $afeguards yoqur fiture,, will help insuré you many a:Merry Xmas in the years to come. 1 As little.as, ONE.DOLLAR and a few minutes of your time-are re- quired to step to Our Savmgs Dept. Window “and’:épen your Xmas ac- count, It 11 earn— - 2 3% Qompound Interest as money sent abroad, consult DRAFTS and Cable: Transfers. T[f you degive us about FOREIG Metropoflltan Bank Capwal Surphc ond-Undivided Profits, Over $1,700,000.00