Evening Star Newspaper, February 5, 1925, Page 29

FINANCIAL. EGESDROPAGAN INLOGAL HARKET More Fruits and Vegetables From Florida Are Ex- pected at Once. Dea dition; terial B s are discussing flood con- in the South as having a ma- bearing upon the fruit and table supplies from Florida. test Information is that the waters have receded and that traffic over the railroad lines soon will be restored normal conditions. QOne report was to the effect that a million-dollar road opened two years ago was al- most completely ruined by the flood Only 1light, moderate or limited supplies of orida fruits and vege- tables are reported being recelved he Supp'les of straw rries are rorted as being very light. the de- mand also be light were quoted as 10w as 3 Large Carrot Supplies. of carrots from and Texas are there is a good them. Dealers say the increased because large auantities of the vegetable are being sed wit 'ads, being eaten raw. String beans are being received in moderate quantities, with the de- 1aand limited and the market slightly Only moderate supplies of are bLeing received, and s prevail ces are rapidly declining, a her reduction since yesterday nging the price of selected stock 0 cents, ave receipts being ed at 48 and 47 cen oday's Wholesale er—Fancy, tub, 4 store packed Liberal Florida, heing re demand mand h supplies California ived and or veaker. pric pr Prices. 50; prints, Candled, 50; Spring voung, sed, fresh-killed ; roosters, 30a turkeys, 40a45; ducks, 5; capons, 40ad5. ~Calves, choice, 13al4; 10a11; thin, 6a7; lambs, live hogs, Sa 18 medium, 12a20; 14a16; loins, 20a T 1 shoulders, 14al5. Fruit and Vegetable Review. report on fruits bies (compiled by the Mar- Service Bureau of Agri- omies): 1pp rate, nd, ae- | bar- West ayman's, Black es up, Stay. 6.50a7.00 moderate market steal Virginia ar inches up, 6.0/ : A2% inc 28.00; Yorks, a fan Stayman's, 3.2 Winesaps, 3. bbage—sSupplies moderate; de- nd moderate, market steady; old stock, New York, bulk, per ton, Dan- most round 35.00; new , 13 ampers, round type, 2.50; barrels, type, 3.21 . moderate; demand Florida, 10- best, 3.25a e, s Flor] wnd pointed crates, round Celery—=Supplie moderate, market firm; inch ocrates, 3-6 dozen, $.50; § dozen, 2.75a3.00, Potato Market Firm. Lettuce—Supplies moderate; demand moderate, market steady; crates Ice- berg type, Arizona, o dozen, 4.4084.75; Californ 1mperial Valley, 4 dozen, 50a5.75; Florida, 1%-bushel hampers, Big Boston type, fine quality, 3.50; 2- dozen crates, Big Boston type, fair quality, 5a2.560; crates, 18 heads, Tceberg Big Boston type, 2.00a | K and Onions—Supplies liberal; demand moderate, market firm; New York and Ohio, 100-pound sacks, yellows, U. 8., No. 1, medium to large sizes, 3.40a Potatoes—Supplies moderate; de- mand moderate, market firm; Mighi- 150-pound sacks, russet rurals, . 150-pound sacks, round whites, . 8., No. 1, 2.50a2.60 per sack. Spinach—Supplies moderate ket stead zir quality, Sup moderate; de- and moderate, market steady: Flori- da, sixes, ripes and turning, wrapped, rancy count, 6.50a7.00; choice count, mostly, 5.5 Tomatoes THE EVENING STAR, NEW YORK CURB MARKET Received by Private Wire BY WILLIAM F. HEFFERNAN. * Special Dispateh to The St NEW YORK, February 5.—South Penn OIl featured the dealings on the curb exchange today, opening 9 points below the previous closing price and declining another 2 points or so before selling subsided This poor showing had no effect upon the market for other ofls. New Mexico and Arizona Land and International Petroleum continued leaders in the independent group, the former getting close to its high of 10 on better recognition of the possi- Direct to The Star Office ‘biliti of this company through de- velopment of its properties. Lago and Venezuelan Petroleum were ac- tively purchased at 6 and 4, respec- tively. Radio stocks gave a better account of themselves than they have for some time. Heavy covering set in in DeForest, carrylng it up over 3 points, Freed Elsemann shared in the im- provement, and Charles Freshman, selling ex the 50 cents regular and 12% cents extra dividends, retraced most of the amount which came off the selling price. —_— NEW YORK, February 5.—Follow- ing is an official list of bonds and stocks traded in on the New York Curb market today: Sules in BONDS. thousands. High. 81 Allied Packers .. 8413 10 Allied Packera Ss. 3 Alum 7s ‘mew 33 Am Gas & Elec 6s. Am G 2 Am Sumat Tob 7. 18 Assoc Sim Hdw 8igs 06 At G & WIS SBs 3 Cities Bervice ‘ Serv P & L 6 s Balt 3igs Pextiles ... Deere & € T Betron ity daa 1 Dunlop Tr & Rub 14 Federal Sugar s 1 Gair. Robt Ts.. 5 General Pet 6s. Gult Ol Corp & Tahig 2 A or Nea b AL 640 Penn Pow & Lt 5s.. 7 Pennock 0il Cor s 14 Pub G & B Co 5%1 10 Pure 0l Co_ 834, + Shawsheen 31 Sloss§ 10 Stard G & B 63s SO N Y 6% 11 Sun_ Ol Slae 7 Swift & Co b u ELLt & P 5338 A 4 Vacaum Oi 7s 1 8 Webster Mills 6335 FOREIGN BONDS. Sales in units 3400 Anglo Am Oil..... 100 Atlantic Lobos 20 Buckeye P L... 300 Chesebrongh _Mfg 10 Cumberland P L 40 Eureks P T STANDARD OIL ISSUES 204 3% 10 Gal Sig O prd’ nw 1600 Humble 01l & R ST S H e 90 lmp Oil of Can 300 Tmp Oil of Can 1 wi 80 Ind P L....... 200 Iatern Fet Co Lid! 10 Magnolia Pet Y Transit rthern P 100 Obio Ol ...... 400 Peun Mex " Fuel South Penn ”0il Southern P L.. 30 South W ¥ 12400 8 O 1 200 8 0 00 8 0 08 0 3100 8 0 : 20 Swan & Finch 3100 Vacuum Of1 .. STANDARD OIL ISSUES. 1 Tl 43 417 04" Sales in units, s Ark ynd Oitien Ser mow’ i 1 Cit Serv pid]] S cit B $1000 Ot Serv € Serip, 0 CitSere Serip: 6 Columbian Kynd. i " pet. 58 Gibson 0il Corp. Washington Stock Exchange SALES. Wash. Rwy & Elec. g. & r. 65 '33—$5.000 ¢ 100%, §1,000 at 1007, 31,000 at 100%, $500 at 101 Capital Traction Co.—8 at 823, § at 923, 8at92 1at 92 8 ar 92 Wi Gas Light—4 at 58, 1 at 0%, 5 at 58, Rwy. & Elec. pfd.—4 at 81%, 10 at atl. Bank—10 at 323%, 10 at 325, 10"at 826, 767 b at 17 PtA—40 at w 1. Kiges 10 at Lanston Monotype—; 10 at 77, 5 at 77, 10 at Mergedthaler Linotype Natl. Mtge. & lov. at 9% 0 5 at 767, 20 at 170 9%, 100 AFTER CALL. Pot. E. L. 55—$1.000 at 99, $1.000 at 99 Col. Title Tus. Co—22 at 7%, 34 at 7! cons. Cauliflower—Supplies limited; mand moderate, market steady fornia crates, 2.75a3.00. Peas Again in Market. String Beans—Supplies light; de- mand limited, market steady; Flori- da, 7-bushel hampers, green, best, £.50a4.00; fair quality, 1.50a3.00, Peas—Supplies light; demand mod- erate for good stock, slow for ordi nary stook; market steady; Florida, T-bushel hampers, fair quality, 3.00 )0, gsplant—Supplies very light; de- and good for good stock, market steady; Florida, pepper tes, 5.50a 6.50 Peppe mand good st de- Cali- Supplies very light; de- for good stock, market ady; Florida, crates, faney, 5.50, juash and cucumbers — Supplies very light; no sales reported. trawberries—Supplies light; de- mand moderate, market slightly stronger; Florida pony refrigerators, 40245 per quart. e WILL SEEK WHALE OIL. New Industry to Be Carried on in the Open Sea. Special Dispatch to The Star. YORK, February 5.—Whale oil will be produced in the open sea, according to Horten, Norway, ad- vices to the Amerlcan Chemical Society. A Norwegian whaling company has been floated to engage in whaling in ih sen sea, following the, whale passages oft the coast of Africa and in the South Arctic Ocean, says the report. A large floating oil refinery will hand the whale carcasses on board in the open sea for flensing opera- tions. It is estimated that the initial production will be about 30,000 bar- rels a year. . What €xperts Buy. Trained investors always buy se- curities that have a substantial loan value. One of the surest methods of determining the value of any stock 18 to seek a loan on it. If your banker declines to consider it as collateral you can rest assured its marketability does not amount to much. e DIVIDENDS. Pe- riod. Rate. 8.A. 8%% L5 Pay- able. Mar 2 Mar 2 Apr 1 Apr 1 Feb 28 Stoek of Record. Feb 18 Feb 18 Mar 14 Mar 14 Corporation. Curtls Aero pf. Q Atk R & Lt ¥ed Lt & Tr...... Do, (cum pf) Do. Pf...... Grnfa T & DF fa. . Bs : Hartman Corp. Homestk Min. Mont Ward pf. M _Cahan (W J) Sugar pf... Nt Dp St 24 N'orTx & Ho Pipe Link.. Wright Acco Apr 1 Mar 2 14 Yeiod Fobld Riggs Natl. Bank—10 at 326 Wash. Rwy. & Elec. 48—$1.000 at 79, Natl. Mtge. & Inv. ptd.—40 at 9%. Money—Call loans, O and @ per cent, Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid. 265 pety 128 ican Tel . Tel. & Tel . Tel, & Tel. conv. s, Anscostia & Potomac 5s. ‘Auacostia & Potomac guar. 5a. C. & P. Telephone bu. C. & P. Telephone of Vi Capital Traction R. R. City & Suburban Georgetown Gas 1 Potomac El Potou Potomac Klec. ds 1963, : Pot. Elec. Pow. g m. & ref. Ty Wash., Alex. & Mt. V Wash., Alex. & Mt. Ver. ct Wash., Balt. & Annap. Ss. Washington [ Wasbington Wash. Rwy. & El Wash, Rwy. & Blec, g MISCELLANEOUS. g Southern Bld Wash. Mkt torage Bs.. Wardman Park Hotel 6s. STOCKS. PUBLIC UTILITY. American Tel. & Telg: NATIONAL BANK, National Capital . Columbia gbm:’lw:clll Farmers & Mechasica Federal-Amer.can BAVINGS BAN! Commerce & Bavings . oW asningion © Security Bavings & Com: Columbi Real MISCELLANEQUS. Merchants' Transfer & Storage.. 110 rgenthaler Linotype 170 Mortg, & Invest, utch Market com i Dateh Market pra- Lanston Monotypo - y Storage . Ykl Wit Tollow Cab +vsasrwanness N old £ 0il of P Kirby Pet. Lago P Lance Mex Panuco’ . Mount Prod Mount Gulf ew Bradford ox Ol & Gas.. 1% v Pet . INDUSTRIALS. Allied Pack pr pfd. 63 Aw vas & Bl 74 Am L & Tract 145 Am Pow & Lt 88t Am Pow & Lt pfd. 854 Am Superpower A.. 528 Superpower B i c P& L pfd fated G & B.. tic Fruit Co Brit-Am Tol Brooklyn Ci Centrif Pipe Corp. . bapln Backs & (o hilds & Co new... tinental Bak pfd tinental Tob Ino Curtiss Aero Motor Curtiss Aero Mo pf De Forest R O v t ¢ Doeh er Die Ca (o 10 er O & R mew 293, Mot Du Pont Motors Duz Co A ..... ¢ Tnvestors I 2 Elec Kwy Secur Co. Firestone Tire. Freed Eise Rad Co Freshman Chas. Giliette Saf Raz... Goodyear Tire...... 3013 Grennan_Bakeries.. 18% Grimes R 0 K.... 18 Hueltine Corp.... 39 Heyden Chem .. 0 ‘aig Intl Contl Rubber. & Intl Match Corp pf 43 luter-Ocean R C.. Iutl Util B.... 2 B R e Be s Lehigh Power sec Leh Val Coal NC.. Lib Rad Chain Stor. Mengel Box........ Mesabi Iron.. Music Master .[.0. 187y Mid West Ut pr la. 101 Mid West Udl..... &1 Murray Body Corp. Nat Diet Pr v Nat 4 tef 82 Brni t 8 N Y Tel Co pfd.. Nick Il new ‘wi.. Nick Pl n pfd wi ohi & Col wi bus Corp A pf bus Corp vec e Motor ) 1y - 2BERE] Za-e et 2 ame 451 v Crpn N Pt it & Lambert wi 41 Procter & 4 Reid I Reo 3ot iichmoud "Radiator Kova R C tr cfs.. Beagrave Wi ...... 81l Gel Prod 'n’ vt shattuck ¥ G...... Sleeper B O v So C & I new. South Pow & = ERNSEE 2 o g e # B ol i 102 0 e 8 2> 103 outbwest Dell pfd 108% Fouthwest Metals Standard Motor .. Stand Pub Co A.. Stutz Motor ...... Swift Tntl Swift & Co. en Elec Power.. Tenn El Pow 20d pt 74 Teun Ry & Lt..... B0 Thermiod Rad Gorp 15% Tuomp Rad Cor vic Thread Co pfd. Unlon Carbide ... U 8 Lt & Heat pfd Victor T M. Ward Bak C Ward Cor 200l Western Power ... Western_Power prd 5% Wh Ki Min Spr ow 1633 Wick Spen 8t Co wi Yel Taxi Corp N ¥ MIN] Atizona Globe Cop Hotte & Western. Canario_ € Chino | ines Cons Cop Mines. % Cons Ariz Smelt,.. .10 Crown Heserve '.. 50 Engineer G M Lt in 1613 Eureka Croesus ... .20 Florence Goldfleld. &Y = 23882588 3! Hecla Mine. 4 Howe Sound 80 Inde, 188 ey & [ 2y Copper Corp. 1 New Comelia 3 New Jersey zinc 1 Nipissing 3 Oh! 26 Parmi 66 Plymouth Lead Mns 26 Premier Gold Min. 10 Ray Hercules Inc 10 Bilverdale ... 1 8o Am Gold '& P. 10 Spearhead Gold. 10 Stand Silv Lead. 1 Tonopah ol 20 Tomopah Cash Boy.. | 2 Tonopah Extension 1 Unit Eastern Mio 20 U 8 Continental. 2 Utah Apes .. 47 Wenden Copper —_— SHORT-TERM SECURITIES. (Quotations furnished by Redmend & Co.) ~——Nosg.- Bia. Offer. 3 BEEERLRR ¥ Aluminum Co, of Amer. 7s 1833, American Sugar 6s 193 Amerlcan Tel. & Tel. 65 1635 Anaconda Copper 6s 1629, Anglo-American 01l Tis i Awsociated Ol 6s 193 Baltimore & Ohlo 6s Bell Tel. of Canada 5s 1 Central of Georgia 6s 1929. Cent. Leather 5s, April 1 Sal-o MiL. & 5t Pant 6 fasd. B .“& Pacifie 53is 1936. GIty of ‘Lyous G 10847, - oro: Columbia Gas & E. 18 Cantinen & El 1931. . 300 XZB" 1925 it B 1037. Bs 1621 1939, Goodsear T. & R. s 108 Great Northern 7s 1086. 1 Gulf Ofl Corp. of Pa. 6%s 1028 Humbie 0il 5ls 1982. s !Ahlgl Pow. Sec. Corp. s 1927. t. P, & 8. 8. M. 614s 131, Oregon Short Line 4s 1929, Pennsylvania R. R. Te 198( Pure 0il 5 ¥ Swift & Co. 1932, Tidewater Oil 814s 1981. Union Tank Car 7s 1630. > U. S. Rubber Ti4s 1880. (T Western Union »_1988. . 1 ‘West'nghouse E. M. 7s 1031 107% Flsher Body . 6s 1927, ealled for pay- e Bl o, sher Hody od for ment February 1, 1025, at 102 »e FOREIGN EXCHANGE, (Quotations furnished by W. B. Hibde & Co.) e st v, ST ot vo ik lutf:ll. dollas .§w ?"'. 2 i Paris, franc Warsaw, sloty. Copenhagen, crown Christianta,’ crown Stockholm, crown 1’% ‘2694 More than 20,000 tons of herrings were caught off five ports of England last year. o STEELANDIRON BUSINESS BOOMS Lower Prices and Output May Come Before End of Second Quarter. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, February 5.—The iron and steel business is still on the up-| swing, both ,as to production and| prices. Just how far that swing will! carry is uncertain, but some excel- lent authorlities predicted today there would be some slight drop notlceable in both output and prices before the end of the second quarter. In the meantime higher prices are develop- ing. Nelther Carnegie Steel nor Jones & Laughlin, in the Pittsburgh district, have changed from the high rate at which they have been operating. Any falling off shown this week will hav been due to cold weather. The Car- negie Company Is running 48 out of 58 blast furnaces and Jones & Laugh- lin have 11 out of 12 in blast. These furnaces continue to turn out suffi- clent iron for the open hearths and further price increases for this prod- uct are not now belng discussed. Several Advances Made. Advances have been made in sheets, wire and heavy rolled products in Pittsburgh territory by various in- terests, but no change has been made there in automobile sheets, which re- main at 4.75 cents a pound. One of the Pittsburgh independents has jumped wire §2 @ ton and there are indications others will follow sult. Of- ficlal advances of $2 a ton in heavy| products, steel bars, shapes and plates has been put into effect in Pittsburgh, | but these did not bring the level above that current unofficlally for those grades for the last two weeks. Hesitaney in pig iron buying 1is pronounced. Firmness In coke prices| is sufficlent to keep prices fairly! steady, but little activity is expected! until the foundries gome into the market for second quarter require-. ments. Scrap iron markets are weak, | with consumers apparently supplied for @ month ahead. Ohio Plants Rushed. American Sheet and Tin Plate plants In Ohlo are working at a high| rate of production and prices are up' $2 a ton except for automobile sheets. | The Youngstown iron and steel pro- ducers are at well over 90 per cent of capacity. It is belleved a large volume of orders will be released as soon as the weather moderates and settles down. | ADVANCE IN PRICES OF WOOLEN CLOTH Men’s Fabrics for Fall of 1925 Trade Average 10 or 12 Per Cent Above 1924. By the Associated Press. NEW YORK. February 5—The American Woolen Co. opened its new lines of men's wear fabrics for the Pall of 1925 with an advance yester- day in prices on staple and semi- staple worsteds averaging 6.6 per cent as compared with the opening a year ago, and even more compared with Spring, when levels were cut about 7 per cent. No comparisons were made on woolen goods because of changing weaves and qualities, but in the open market it was estimated they averaged 10 to 12 per cent high- er than Fall, 1924, The following is a comparison of opening prices on three fabrics usually considered key numbers in the line: Spring 925, $263y% 267y 8875 382y $3.25 Fall, Spring. w24 fest 1824, $2.87% clay wor. $3.47% 11,000,000 BUSHELS OF GRAIN IN STORAGE WASHINGTON, D. €. Elevators at Baltimore So Full That Railroads Keep Ban on Shipments, Specia! Dispatch to The Star. BALTIMORE, February &5.—Over 11,000,000 bushels of grain were in storage In the local elevators at the end of January, the greatest amount on record for this port. This figure compares with 9,700,000 bushels at the end of December. The continued heavy recelpts during January of wheat, rye and barley, the increased elevator capacity of the port and the slow export movement of these com- modities account for the large accu- mulation. This, in turn, has resulted in a con- tinuation of the embargees placed some time ago by the Pennsylvania, the Western Maryland and the Balti- more and Ohio Rallroads. CRUDE 0IL OUTPUT DECREASES IN WEEK Imports, However, Show Consider- able Gain During Same Period. By the Assoclated Pre: NEW YORK, ¥ebruary b5.— The daily average groms crude ail pro- duotion of the United Btates de- creased 49,900 barre's for the week ending January 31, tetaling 1,953,300, aocording to the weekly summary of the American Petroleum Institute. The dally average production east of California was 1,356,500 barrels, a decrease of 47,800. California pro- duction was 596,800 barrels, a de- crease of 2,100, Dally average imperts of petroleum at prinelpal ports for the week end- ing Janpuary 831 were 286,428 barrels, compared - with 221,429 for the previgus week. Dailly average re- ceipts of California oil at Atlantic and Gulf Coast ports for the week ending January 31 were 53,857 bar- rels, compared with 51,429 for the previous week, ‘WOULD DOUBLE CAPITAL. NEW YORK, February b.—Direc- tors of Humble Pipe Line, subsidiary | of Humble Oil and Refining, which! |} controlled by the Standard Oil Co. of New Jersey, have'recommended an n ccpital from $12,000,009 000. i THURSDAY, First Mortgage Loan Applications Wanted Interest Rate 69 and ; 6% Apply Loan Dept., C. L. O'DONNELL, Mgr., CHAS. D. SAGER, Realtor, 924 14th St. N.W. FEBRUARY 5, I Investment Buildl 1925. FINANCING B V2% s FRED T. NESBIT Money to Loan We have funds available for first_trust loans on approved D. C. Real Estate Our charges are moderate. Moore & Hill, Inc. 730 17th St. N.W. Member Washington Real Estate Board FEDERAL-AMERICAN NATIONAL BANK RESQURCES, $14,000,000 1315 F St. JOHN POOLE, Prosident MONEY TO LOAN | Any Amount f I’l/z % Apartment Houses Business Property L.E.Breuningeré& Sons Calorado Bidg Mamm 6140 Second Trust Notes Bought Our clients are rcady cash for SECOND TRUS in Hany amount. The rates will please you if the security is sat- isfactory. MORTGAGE DEPARTMENT [SHANNON & TUCTS) 713 and 715 14th Street N.W. Maln 2345 to pay ST Becured oy first deed of trust on real estats Prevailing interest and commission 0DD LOTS MARGIN ACCOUNTS DIRECT PRIVATE WIRE CONSOLIDATED STOCK EXCHANGE BUCK & CO. 312-313 Evans Bldg. 1420 New York Ave. N.W. | Phones | Franklin 7300 || Franklin 7301 )| ( | Main 86 Main 3353 o] W | i | | il FROM $50 TO $100 Can Be Obtained by Using Our Certificate of Inventory, Appralsal and Titl CHATTEL TITLE COMPANY 805 Fifth St. N.W. i Apprassed by Local Men of Splendid Character and Fine Judgment,, Our First Mori- gage Investments are Safe. Yielding 7% interest and in amounts of $50 and up, our First Mort- gage Notes may be pur- chased by monthly pay- ments, Consult Our Trust Dept. or send for Valuable Booklet i Goldsmith Building 1405-7 Eye StN.W, M 9670 MONEY T0 LOAN in any amount on ’ o FIRST MORTGAGE & District of Columbia Real Estxte Thos. J. Fisher & Co., Inc. 738 15th Street Phona Main 6830 Assured safety with a liberal income of 6%% or promised greater re- turns which involve dan- gerous risks of security? You take ne chances when you purchase our First Mortgage Notes secured upen improved real’estate In the District of Columbla. No Loss to Any Investor Mortgage Investment Dept. & . SHANNON_ & LUCH ‘713 & 715 14th St. N.W, Main 2345 Now 52 Years of ; Proven Safety FTHE acid test of 52 years has been applied to the first mortgage_investments sold by The F. H. Smith Company. They have come through this test without ever causing any investor the loss of one cent of principal or interest. 7% SMITH BONDS are sold in $1,000, $500 and $100 denomina- tions, outright or under our In- vestment Savings Plan. Every partial payment earns the full rate of bond interest. No Loss to Any Investor in 52 Years The F. H. Smith Co. Founded 1873 FIRST MORTGAGE BONDS Smith Building, 815 Fifteenth St THE F. H. SMITH COMPANY Smith Building, Washington, D. C. Please send me your new booklet and infarmation about Smith Bands pay- ing 7%- Weme .. Address Meeting Washington’s Banking Requirements —with satisfaction for well over a century, and better equipped today than ever to give 100% service. {l Accounts of corpora- tions, firms and individ- uals invited. TRUST DEPT. . 3% Paid on Savings Accounts National Metropolitan 111 Bank 1 Years Years O1d Ol Capital, Surplus & Undivided Profits, Over $1,800,000.00 15th St. opp. U. S. Treasury FINANCIAL. FIRST MORTGAGE NOTES FOR SALE IN DENOMINATIONS OF 500 DOLLARS AND UPWARDS Rl H Hognen ¥ 6. 1821 Conneclicut usnue Investment Information regarding the Assets and Earnings of General Motors Write for Letter G. M. O. HORNBLOWER & WEEKS EstasLisuen 1888 BOSTON CHICAGO CLEVELAND DETROIT PROVIDENCE PORTLAND, ME. 42 Broadway NEW YORK Telephone Hanover 4843 Members of the New York. Beston, Chicage, Cieveland and Detioit WHAT YOU SAVE —is more important than what you make, and how you invest it is more important still, You get as much of income and convenience out of your surplus when you invest in otr Over q Quarter of a Century FIRST MORTGAGES —as safety of principal will permit. Washington real estate se- cures them. They are issued in amounts to suit your per- sonal preferences, and they produce 6%% interest, paid semi-annually. Iithout a Loss. B. F. SAUL CO. Main 2100 925 15th St. N\W. The Family Investment AS head of the household, you will feel happier if you make a safe investment for your family. Your financial responsi- bility will be lessened by investing in the Preferred and Common Stock of the Mortgage Bond & Guaranty Corporation. The *Corporation deals exclusively in First Mortgages, secured by improved, income-producing real estate. nized as the safest field of investment known. It is recog- The manage- ment comprises a group of bankers, real estate and business men of excellent character and high standing. They all enjoy un- broken records of success, and their expert knowledge is espe- cially adaptable to the conservative and profitable management of the Corporation’s business. The cumulative preferred stock bears an immediate return of 8%. tax and the stock tax. ” The dividends are free from the normal Federal income is frée from the D. C. and Virginia intangible You may purchase this security on an attractive partial pay- ment plan. There i s no interest charge on deferred payments and the regular preferred dividends are applicable to the amount paid in. Call, Write or Telephone for Detailed Information HUGHES & COMPANY Incorporated INVES 1418 Eye St. N.W. HUGHES & COMPANY, ‘ 1418 Eye St. N.W., Washington, D. C. Please send me your new descriptive booklet, “Pragress.” TMENTS 853 854 3317 Telephones Main Name . Street Address ... oity ...