Evening Star Newspaper, January 26, 1925, Page 21

FINANCIAL, ' EGGS AND BUTTER- DUE TO TAKE DROP Egos Still 20 Cents Per | Dozen Higher Than Last % Year in January. Waster, with ower prices, was onditfon of the egk market this morning. Dealers sald eggs were pproximately 20 cents higher than his time a year ago. “Time f crices to some down has arrived,” remarked a dealer, “and it is natural 10 expect they will coms down. Low- T prices in other markets are re- ported.” There has not been a heavy in- ~reasa in recipts of eggs the past fe days, but prices have dropped, today's prices being 58 and 60 for fresh salected candled stock, while average veceipts wers quoted at 56 and 57. A slight increase in butter prices in the New York markat Saturday has not affected the local market, and deal anticipate no Increase here. Prices, they say, must neces- sarily come down. There s plenty storage butter on hand, dealers state, but it is getting old and not so good. tendency toward reported of the a Today’s Wholesale Prices. Butter—Fancy, a50; 75a57; store-packed, 2 Eggs—Fancy, selected, a60; average receipts, b 45250, Poultry- hickens, 25a30 16a20; keats, seese, 1 Dressed tub, 4 prints, : ducks, each fowls, young, Fresh killed roasters s, 40a4 capons, Calves thin, live hogs, Spring chic- 30a32; fowls, ducks, 25a28; 10245 choice, 13al4; medium, Spring, Meats— lambs, veal, 12a20; 16; loins, 20a oulders, 14als. Frults and Vegetables. Today's market report on fruits and vegetables, compiled by the Market News Service Bureau of Agricultural Economics, says Apples—Supplies moderate; demand moderate, market steady; barrels, Maryland, Virginia and West Virginia, A215 inches up, Staymans, 6.00a7.00; No. 1, Black Twigs, 6:50a7.00; No. Paradise size, ve sales, 3.50; box Northwestern, medium to large sizes, extra fanc Staymans, 3.00a3.25; deliclous, mostly Cabbage—Supplies mand moderate, market steady; old stock, New York, bulk, per ton, Danish type, around 35.00; new stock, Florida, hel hampers, pointed type South Carolina, barrels, pointed type,. 3.0023.25 Celery—Supplies moderate; demand light, market steady; Florida, 10-inch crates, 3 to 6 dozen stalks, 3.2523.50; 8-dozen stalks, mostly around 3.00. Lettuce—Supplies 1light; demand moderate, market steady; Florida, 1% -bushel hampers, Big Boston type, 1.00a1.50; Arizona, crates, Iceburg type, some showing tip burn, 4.00a 4.50; few best, 5.00; California, Im- perial Valley, crates, Iceburs type, fair quality, 4.25a4.50. Onlons—Supplies light, _demand ligkt, market steady; New York and Ohlo, 100-pound sacks, yellows, U. S. No. 1, medium to large size, mostly around 3.50; few low as 3.25 Potato Market Steady. Potatoes—supplles moderate, mand moderate, market steady; Mich- igan, 150-pound sacks russet rurals, U. S. No. 1, mostly 2.50 per sack; New York, 150-pound sacks round whites, U. S.'No. 1, 2.40a2.50 per sack Tomatoes—Supplies light, demand moderate, market dull; Florida, sixes turning wrapped fancy count, 6.50; choice count, 5.00a5.50. Spinach — Supplies ,moderate, de- mand light, market steady; Texas, bushel baskets, savoy, 2.25a2.50. Sweet potatoes—Supplies very light; demand light, market steady; North Carolina cloth top stave barrels, yel- Jow varieties, No. 1, best, 5.00a5.50, few 6.00; ordinary quality, a4.50. Strawberries—Supplies moderate; demand light, market slightly weak- or; Florida, pony refrigerators, 30a- 35 ‘per quart Carrots—Supplies liberal; Hght, market steady; Texa: baskets, mostly Cucumbers, market; no sale: Cauliflower. mand 1i crates, String beans—Supplies light; de- mand moderate, market steady; Florl- da, 7-8-bushel Hampers, green hold- overs, best 4.00a4.50: fair quality, 3.00; wax, ordinary quality, 3.00a3.50. Peppers—Supplies very light; de- mand light, market steady; Florida, Pepper crates, best, 5.00a5.50. moderate:” de- de- demand bushel s—No supplies reported. Supplies moderate; de- market steady; California on SUGAR SALE DELAYED. NEW YORK, January 26.—A meet- Ing of stockholders of the National Sugar Refining Co., set for today in jersey City to authorize sale of the ompany’s property and assets to the American Sugar Refining Co. for 516,500,000 cash, was postponed in- definitely, it was said at the New York office of the National. American Sugars option on the Natlonal's stock expires March 31 YOUR INCOME TAX Expert Advice Given by United StatesInternalRevenue Bureau Based on_ Latest Changes in Legislation. ARTICLE NO. 15. The basis for computing the amount deductible on account of depreciation end obsolesc "eé upon property ac- «quired after February 28, 191 is, In general, the cost of such property. In the case of property acquired before March 1, 1913, the basis is the cost of the property, or its fair market value as of that date, whichever is greater. To compute the amount of depreciation which may be claimed, the taxpayer should determine the probable life of the property, divide by the nuniber of years it will be useful in the business in which em- ployed. The result thus obtained will represent the amount which may be claimed as a deduction. For example, a frame building, the probable life- time of which is 25 years, cost $10,000. Divide $10,000 by 25 and clalm $400 each year as a deduction. If a taxpayer claims the full amount of depreciatiez. he cannot clalm as a deduction the cost of repairs to the property during the same year. . “Re- pairs” in this connection means re- pairs in the nature of replacements to the extent that ey arrest deteriora- tion, such as a new flooring or roof. When, in the course of years, the owner of the property has claimed its full cost, no further claim for de- preciation will be allowed. Deductions for depreciation must be made as a separate item of the taxpayer'’s return, and must be ex- plained by showing separately each class of property, its cost, estimated life, depreciation charged off for the taxable vear and total depreciation charged off for all taxable years. (The next article in this series will ear in tomerrow’s Stard 6.00a | then | BY WILLIAM F. HEFFERNAN. NEW YORK, January 26.—From the action of ‘the curb market at the start of the weak it was notice- able that many who had favored the buying side for the “long pull” were less confident of thelr position. A decided difference of opinion as to the future course of the general mar- ket was reflected in an irregular price movement throughout the session. The new Music Master and Rova Radio were singled out as in & &ood NEW. YORK, January 2 ing is an offcial lst of stocks traded in on the Curb. market today: Follow- bonds_and New York thousands. Il es in BONDS. Allied Packers o Allied_Packe; Alum Am igh. . 2:45, 821 01 ol 1051 o5 97 101 1088 10875 i e8! 14 ® Beoes Prr & Tt 6s ola. 95 Am Bumat Tob Ti4s 07 Am Roll Mille 6s.:- 101 Am Thread Co 65 Anaconda 8s ... Assoc Sim Hdw 6 Atlan G&W 1 8 § Heaverboard 8s . Reth Steel 75 '35, Cen Leather 6s.... . 97 Chic Union Sta 38wl 9815 Childs Co. 6 115 5 Cit Séry Ty C.. 118 [ 101 3 CIt Serv P & T Cons Textiles 85 5 Cudahy Sigs ... Deere” &' o Tija. 1 Detroft City Gas 8a. Detroit Edison 6s... 113% Dunlop Tire & 1 7s 108 Fed Sugar 6 '33... 9714 Fried Krupp 7s wi . 99 Fisher Body 6s '38.. 101% ir, Robt 7s.. 1011 General Pet. s 1008 Grand Trunk' 6 107 Lehigh Power 6s.... 1011 Libby McN & L 7a.. 10213 2Lie W LR Eel 70 108 id Cen Pet 814 wi #7% orris & Co Tigs.... 10115 t Leather Sa... . 1017 Orins P Serv 3. 881 9 Nor States Pow 6138 10113 13 N Bt Pow M s O 10715 1 Ohio Power 5x R.... 908 [ 255, 10015 108 1181 D107 wBwamantin 5 Pean Pow & Lt 3a. . 36 Pub G & E Co 5lgw 17 Pure Ol Co 6i4s. 6 Bhawaheen Ts...... 30 Stand G & E 6%e... 580 N'Y B 7 Sun Oll Sigs 1 switt & Co 100 B LgP 1 Vacuum Oil City of Bogota S French lonal " 7s. 11 Ind Mtg Bk Fn 4 Rep of Peru 5 Russ Govt 5las Russ Govt 6laa.... 21 Russ Govt Glgs n ¢ 157 3 & Co 68 '34 B 1011 iss Govt Bs...... 10073 STANDARD OIL ISSUES. 19 8 Sales in units. 1100 Anglo Am OIl. 300 Atlantic Lobos - 740 Buckeyo P L 300 Crescent P L. #0 Cumberiand P L.. Enreka P L Sig Oil] mbie Ol & 00 NP Ny o 350 Imp Ofl of Can.. 400 Tmp Oil of C nw wi 80 Jod P L...c.5eess 9800 Intern Pet Uo Ltd.. 50 Magnolia_Pet 900 Nat_Traosit . 30 N Y Trausit. 80 Northern P L. 3400 Ohio Of1 . 500 Penn Mex 1500 Prairic Oil 2600 Prai Oil & 2210 Prairie P L.. 90 Solar Refin . 1610 South Penn Oil 00 Southern P L 0100 § 0 Ind 400 8 0 Kansas 300 5 0 Kentucl 140 S O Nebraski 3%00 8 0 N Y 50 S 0 Ohlo 130 Swan & Fineh 2500 Vacunm Oi Sales o 1 INDEPENDENT OIL STOCKS. Cities “ Serv_ pd. .. 1 Cities Sery pfd B 13 Cit Serv B cfs. . $5.000 Citles Serv C scrip 993 $34,000 Cities Serv scrip.. 18 Washington Stock Exchange % SALES. Capital Traction 55—$1,000 at 991, $500 at 09, | Capital Traction Co.—10 at 91%, 5 at 91%, 5t 91%. Wasington at 39, 20 at 50, Riggs National Bank—5 at 322, © at 322, National Mtge. & Inves prd.—20 at 9%, 40 at 9%, 100 at 9%, 50 at 8%, 50 at 94, AFTER CALL. Potomac Elec. Cons. 05s—$1,000 at 983, 3,000 at 983 ‘Washington Rwy. & Elec. pfd.—1 at 80%, 1at B0%: Washiogton Gys 6s '33—100 at 10135, ‘Washington. R¥y. & Elec. com.—5 at 101, 10 at 101; 35 at 101 Launston Monotype—20 at 76%. Capital Traction 5s—$500 at 89%, $500.at Money—Call loans, 5 and 6 per cent, BONDS. Bid and Asked Prices. PUBLIC UTILITY. s Light—2 at 59, 10 at 59, 10 At 59, 20 at 60, American Tel. & Telga. 4 American Tel. & Telga. 4%s.. Am. Tel. & Tel ctl. tr. B . & P. Telephone C. & P. Telephone of Va. Bs. Capital Traction R. R. 5s. City & Suburban 5s. | Georgetown Gus 18t | Metropolitan R. R. | Potomac Elec. Potomac Elec. 6s 1653 Washington Gas b Washington Gas s Wash. Bwy. & Elec. 4 Wash. Rwy: & Elec. gen. 6s. MISCELLANEOUS, D. C. Paper Mtg. s, Pot. 7. 8. L. Bk. 5 Riggs Realty 0s (lor Riggs Realty 58 (shorl uthern Bldg. @ Soaen Bt Eoig Bho Wardman Park Hotel 6s. STOCKS. PUBLIC UTILITY. & Telga. | Capital Columbin Commercial District. .. Farmers & Federal-American Liberty Lincoln Nationa TRUST COMPAN’ Amefican Becurity & Trust. Gontinental Trust. Merchants' Ba National Savings & Trust Union Trust. Wash. Loan 5 SAVINGS BANK. Commerce & Savigss East Washington . Security Savings &, Com. Seventh Btreet. Urnited States Savin Washington Mechanics'. FIRE INSURANCE. TITL® INSURANCE. Columbia Title . Teal Estate Title MISCELLANEOU! l‘l)!l%fl ity l%fi.ml.’mn Marie Tobwiiabe THE EVENING NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office position to do better, and the latter was carried to a new high above 14. Buying of the Musio Masfer appeared to be in anticipation of a merger of this company with one or two other prominent radio concerns. Recent puying of South Penn Oll was further stimulated today by the pos- sibility of high prices for Pennsyl- vania crude. Magnolia Petroleum rose 7 points to 166 and other high-priced issues dfd better. New Mexico and Arizona Land and Gulf Oil felt the effect of realizing sales. — 17 Columbian Synd 18 Cont Ofl wi. 15 Creole Synd . 1 Derby 0 & R.. 1 Derby 0 & R ptd. 10 Engineers Pet Gibson il 10 Graoada Oil . 9 Gulf Oil ot 44 Kirby Pet Lago Pet . Latin Amer Ol 11 Marland ....... 20 Mex 011 5 Mount Prod Mount Gulf Mutual Oil vot cfs New Bradford Ol w Mex Land Peer OIl Corp.. Penn Beaver Ol . . 240 Pennock 0il Corp. Royal Canad 0 & R ‘on k Cons ... Bavor 0il Yepezuelan Pet Wicox Ol & Woodley Pet ...... INDUSTRIALS. Adirondack Power.. gaswebia SRS & Am Pow & Lt new Am Pow & L ptd. Am Superpower A ‘Am _Superpower B Appalac Pow & Lt. ¢ Appaiac P & Lt pt Atlaatic Fruit . Borden Co ... .. Botany Cons Mills A Bolssonault G Briggs Mfg ... Brit-Am_Tob Cou Bkiyn City R R. Bur Add M n ptd Car Light Gentrifug Pipe Corp 1 o 33 [3 $3.3588 3o FRFPIEE A RA25E... 2asanm i dahy Pack Com Pow Com Pow Cor pl 2 Com Pow Cor wis 2 Cons Gas Bal pew 2 Contl Bak A...... Contl Bak B Contl Bak pfd.. Cuba (o ... Curtiss Aero Motor Curtixs Aero M pf De Forest R C v DL & W Coal. Doehler Die Cast O Dubilier O & Radio prant ot . Duplex C & R vie Du Pont Motors.. Dus_Co A..... El B4 & §h ptd El Bd & Sh n w Flec Investors .. Federated Metals T. F & W Graod Strs. Zmnlio’ B mes Film Inspect Mach. Firestone Tire . ... 2 Gen Alum Bra Gen G E ly Gen G E Cont pf 3 Gillette 8 R en Alden Coal piness Candy A itine Corp ... Cont Rubber Int Cone Ind Corp Int Mateh pfd ... Interaat Utilities B Jones Radio ...... Land Hold Cor A Leligh Power sec. Lehigh Val Coal.. Leh Val Cost N G Libby McN & L aw Lib Rad Ch sior.. Lg Bil Lm Co A w Sengel Box Mesabi Iron Middle West " Ttil Music Master Murray Body . Nat Dist Pr vic. ¢ Leather t Pow & Lt .l ok Plate nw Wi Nick Pl ow pfd wi Omb Corp A pfd.. Paige Motor ....... Power Secur Corp.. Pyrene Mfg Reid I C. Tteo Mot . Rova Rad Co tr o 8il Gel Pravte Sierra Pacific Elec. Shattuck . “ Sieep Rad Co v't'¢ Bo O & I mew..... . Southeast P & L. Bouthw Bell ptd Stagd Pub Co A Switt Intl .. . 3 Tenn Ei Pow 24 pt Therm Radlo Corp Thomp Rad Co vte wSF amnseabl Ralia I I AR FREFETE PEOTELYT MO S o B 2 B3 # EPEE T8 crannsal Tower Mrg Union Carbide Utilities P L.... Unit Lt & Pow A LS Tk & He..5.... 4 U 8 Lt & Bt ptd... Universal Pic wi Ward Bak Cor B... rd Bak Cor pfd e Radio Corp. Western Power. Wick Sp St Co 51 Yel Taxi Corp N Y 19% MINING. 20 Arizona_Globe Cop. 2 Calaveras Copper. 40 Calumet & Jerome 18 Ouparlo, Copger - 1 Chief Cons_Mining. 3 Cor Tunoel 18 Cor Miney 10 Emma Stiver 10 Eureka Croesus 10 First Thought G M . 20 Florence Goldfield M 10 Goldfield Deep Min .02 [ T PR tock 10 Harmill Div 1 Hollinger . 11 Hecla Mine 28 Howe Sound 250 Independence 1 Jerome V Develop. 10 Jib_ Cons ... 182 Kay "Copper Corp. 10 Lone Star . 80 Spearhead Gold. ... . 10 Stand Silver Lead. . 40 Success Mines. 1 Tonopah Belmont 10 Tonopah Extens. 10 Tri. Bullion.. 1 Unity Gold. 14 Utah Apex. 7 Wenden Copper. PUBLISHING COMPANY PUTS OUT STOCK ISSUE By the Associated Press. NEW YORK, January 26.—Public offering of 40,000 shares of the class A stock of the Standard Publishing Company at $26 a share was made to- day by a local banking syndicate. The proceeds will be used to provide the company, which publishes 16 periodi- cals on retail trade, advertising, art and fashions, with the necessary capi- tal for'the expansion of its mechani- cal and editorial departments. RAW ‘SUGAR CHEAPEST IN PAST THREE YEARS By the Associated Prese NEW = YORK, January 26.—Raw sugar is now selling at 6 cents a pound, the lowest price since 1922. Beliof Phat the 1925 Cuban crop will reach the record-breaking total of 22,000,000 long tons, combined with increased European exports, has been instrumental in keeping down the price. s = e AKRON, Ohio, January 26.—Tire production is now running around 100,000 tires daily. Goodrich Com- pany hired 500 men last week and the Miller_Company is building & $126,- 200 addllion, . D STAR, WASHINGTON, D. C., MONDAY, TJANUARY 26, 1925. PENNSY T0 AWARD | BIG BANKS NOW AID RECORD GONTRACTS Electrification Plans Involve Enormous Orders for New Equipment. BY J. C. ROYLE. Special Dispateh to The Star. PHILADELPHIA, Pa., January 26.— Electrification by the Pennsylvania Railroad of all its lines which con- verge here will involve one of the largest single orders ever placed for electrical equipment and will have a bearing on a score of industries throughout the country in the com- ing year. The projects will involve extensive financing on the part of the rallroad and also on the part of the Philadelphia Electric Co., which will supply current to run trains. Work will be given to thousands of men for extended perlods. Work teo Begin Soon. The Pennsylvania plans to make its main station here in West Phila- delphia and to bring all suburban trains by tunnels to Broad street, where the principal depot is now. The road will electrify its lines for 18 to 30 miles with Philadelphla as a center. This work is expected to begin in the near future and will extend be- yond 1925. The start will be made on the line leading from Philadelphia to Wash- ington and will take in first Ches- ter and Wilmington, which Is 26 miles to the south. The tracks be- tween Philadelphia and New York will first be electrified between Phil- adelphia and Bristol, a distance of 24 miles, and later the change from steam’ will be made to Trenton. Many Philadelphians now commute daily to New York and eventually the entire distance will be covered by electric trains. At present the Pennsylvania op- erates electric trains on its maln lines to the West as far as Paoll, the tracks being used by both steam and electric locomotives. A line to Chest- nut Hill also fs electrified, as is a line across New Jersey €o Atlantic City, Contracts Are Due Soon. The contracts for this new electric equipment have not as yet been | awarded, but it is generally regarded | as probable that they will go in part to the Westinghouse Electric and | Manufacturing Co. of Pittsburgh. That company furnished the equipment now in_use on the Pennsylvania. Under the terms of the refulations under which the rallroads were turned back to private control by the Government after the war, however, the carriers cannot make changes in thelr lines without opening the fleld to competitive bidders, and all the other big manufacturers probably will be awarded a part of this busi- ness. $15,000,000 OCEAN TERMINAL PLANNED Special Dispatch to The Star. SAVANNAH, Ga, January 26—No development in years has so enthused the business and financial this State as the recent Shipping Board order abolishing freight differentials in favor of several gulf and Atlant ports. funds for a $15,000,000 ocean terminal here is regarded as certain if Savan- nah s guaranteed equal rates with other ports. WHOLESALE TRADE LAGS IN SOUTHERN TERRITORY Special Dispateh to The Star, NEW ORLEANS, January 26— Wholesale trade in hardware, grocer- ies, shoes, drugs and furniture shows improvement over that of last month, but is not up to the level of January, 1924. This is attributed in part to the conservative attitude of country bankers in advancinfl loans to farmer which has had a discouraging effec on rural merchants. Bankers desire farmers to diversify crops and get away somewhat from cotton. WRIGLEY INCOME GROWS. NEW YORK, January 26.—Net in- come of the Willlam Wrigley, Jr., Co. for 1924 Increased to $8,539,313, equl alent to $4.74 a share on the no-par- value ' capital stock, compared with $7.047,493, or $3.91 a share, in 1923. The year's earnings amounted leaders of | A State bond issue to provide | to $17,133,960. EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. Preferred Stock Opportunities. To chart an investment course during times of speculative excitement In the stock market requires calm considera- tion of values, something which is of little or no interest to speculators. Few investors are immune from the specula- tive fever. To resist the contagion re- quires extraordinary self-control. Now .there ‘s nothing essentially wrong in speculation. Without it busi- ness could not go ahead. Some one must carry the epeculative risk, and those who do are entitled to the rewards. But speculation is mot investment, and to confuse the two is a dangerous mistake. What, then, shall the prudent investor do when stocks are advancing rapidly and high-grade investment bonds are neglected, or eometimes, as often hap- pens, actually eeliing down under the influence of higher charges for money, which always accompany a speculative movement when it is carried to excess? The abnormally cautious and tem- peramentally’ timid will stick to the most conservative of bonds, and as far as se- curity goes will make no mistake. I am not condemning anything of that kind. It te. However, not necessary to lean over backward in times like these. There is a middle course which will combine reasonable safety, fair return and in the long run_possibilities of capital appre- clation. Under conditions such as we are supposing it is almost always true that the good second-grade investments are overlooked. On the one hand they are not_conservative enough for the cautious, and on the other hand they are not fast-moving enough for the daring. This presents an opportunity for the in- vestor which he will do well not to over- look. It is not unusual for the market price of a common stock to be bid up to rec- ord highs on improving prospects for in- dustry in general, and for that corpora- tion in particular, while the preferred stock of that identical concern is quoted around the same level as before all this supposed improvement was recognized. It ought to be self-evident that if the outlook is 50 much better as to justify the higher price for the common stock the investment status of the preferred is raised in a corresponding degree. It will pay any one to examine the stock and bond lists with the idea of discover- ing instances of this lack of discrimina- tion among the buyers and sellers. right, 1925 by Con ea_Press.) ,MONEY.TO LOAN 4 | l.EBreurlinget&‘!‘gsom IN OIL FINANCING Many Older Institutions Have Changed Attitude on New Securities. Mortgage Notes Apply Loan Dept. €. L. O'Donnell, Mgr. Chas. D. Sager 36, Realtor M.37 924 14th St. NN\W. 38 FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F St. JOHIN POOLE, Prestdent BONDS GERMAN :occs Bought—Sold—Quoted Full New York and Berlin Market Recelved Daily By the Associgted Press. NEW YORK, January 24.—Estab- lishment of the ofl industry on a sounder investment basjs Is reflected In the growing tendency of the coun- try's strongest banking interests to participate n ofl company financing. Wall Street was surprised a year ago when J. P. Morgan & Co. en- tered this fleld by purchasing a large block of Marland Ol Company shares, and more recently when another old banking house, Kuhn, Loeb & Co., headed a syndicate which floated a bond issus of the Midcontinent Petroloum Corporation, successor to Cosden & Co, In previous years, despite the satis- factory record of the independent oil companies, the more or less specula- tive character of the industry had deterred the older banks from under- writing thelr securitfes. First Mortgage Loan Applications Wanted Interest Rate 6% and 6%2% Apply Loan Dept. C. L. O'DONNELL, Mgr. CHAS. D. SAGER Al':::::ms ]/2 % Unlimited Funds Avallable FRED T. NESBIT o M. 9392 Send for Special Market Letter Peter Whitney 203 Investment Bldg. Telephone Franklin 3978 36 Main 37 Business Property DO YOU - NEED Investment Bullding Departmental Employees “Your Bank” Will loan’you One Hundred Dollars to sjart a Four Per Cent : Savings Account | 1f so, WE HAVE IT TO LOAN In Any Amounts Secured by First Mortgage Upon Improved Real Estate in the District Current Rates Write or call for Prompt Service further information SHANNON_& LUCH Mortgage Department zlJ and 715 14th St. NNW. Main 2345 THE DEPARTMENTAL BANK 1714 Pennsylvania Avenue Under ited States Government Supervision Decades of Service —have refined the fa- cilities of this bank— brought tg The Metro- politan a prestige that invests a standing at this institution with dollars-and-cents value to depositors. National Metropolitan Bank OLDEST National Bank in the City 15th St., Opposite U. S. Treasury 3% Paid on Savings Success in Building —residential or business properties for sale at a profit depends, in a considerable measure, on the organization that first finances the construction and then effects the sales. It will pay you to consult BOSS a6 PHELPS LOAN DEPARTMENT 1417 K Street N.W. Main 9300 APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in’the District of Columbia amd adjacent Suburbs in Montgomery County, Md. - 5% INTEREST JApply ro H. L. RUST COMPANY LOAN CORRESPONDENT She PRUDENTIAL INSURANCE COMPANY o AMERICA 912 15th Street N.W. Main 6888 FINANCIATL, Money to Loan Bocured by drst deed of trust on real estate Frevailing tnterest and commission Joseph 1. Weller 120 Wesb % & Trunt o==—-—-q LOANS | FROM $50 7O $100 Can Be Obtained by Using Our Certificate of inventory, Appralsal and Title. CHATTEL TITLE COMPANY 805 Fifth St. N.W. We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street Prompt Action First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. | 738 15th treet Equitable Co-operative Building As’sn JOHN JOY EDSON, President Organized 1579 £4,842,132.68 FRANK P. REESIDE, 45th YEAR COMP Surplus ... .. $1,317,011.44 Subscriptions for the 88th Issue of Stock Being Received A Simple, Businesslike Way of Saving $2.50 Per Month The Equitable, through its sys- tematic plan of saving, has helped hundreds — yes, thousands — on the road to prosperity and inde- pendence. You May Have Supreme Faith In Haman Nature BUT--- you would not be willing to lend your wallet to a stranger, however sincere his promises to repay you might ring. Consider Then before you invest your savings in fluctua- ing securities. They are strangers—as likely to prove losses as gains. With Money to Irwest consult your banker. He will tell you that you can find no safer securities than the 6149% First Mortgages handled by this company. SWARTZELL. RHEEM & HENSEY (0. (Lashinstm.]).(!. 55 Years Without Loss to An Investor. Smith Bonds Are Owned the World Over Now held by investors in 48 States and in 30 countries and territories abroad . FROM the Philippine Islands, 12,000 miles away, an investor orders Smith Bonds. From Alaska comes another order. From foreign banks and banking houses come coupons which our clientss have clipped and cashed abroad. Each day the mails bring evidence of the world- wide confidence in Smith Bonds. , There is a logical and fundamental reason for this universg] confidence. It is due to the fact that Smith Bonds have behind them our record of 52 years of proven safety and satisfactory service in the field of First Mortgage Investments. 7% First Mortgage Bonds Smith Bonds, strongly secured by improved, income- producing city property, are sold in $1,000, $500 and $100 denominations, and in maturities from 2 years to 15 years. You may invest outright or under our Invest- ment Savings Plan, by which every payment earns the full rate of bond interest. The F. H. Smith Co. 2 Founded 1873 FIRST MORTGAGE BONDS Smith Building 815 Fifteenth St. :’m P. H. SMITH CO., -} | Smith Bullding, Washington, D. O. I Please send me circulars describing current offerings | of your 7% Pirst Mortgage Bonds.