Evening Star Newspaper, February 9, 1925, Page 27

F DECREASE IN EGG J | PRICES IS HALTED Two-Cent Advance Reported Today—Fowl Cheaper at Wholesale. Cheaper prices for eggs, predicted for today, falled to materialize, prices kdvancing a cent or two, instead of deoreasing. Dealers reported the market as belng somewhat stronger, but belleve thers will be a reaction in the near future. Prices of fowls took another drop, Bealers selling them this morning at £ cents lower than prices quoted Faturday. Live fowls were quoted at £3, while dressed stock brought 25. v little changes in prices of other commodities have taken place the past few days. Today's Wholesale Prices. Butter—Fancy, tub, 47a50; prints, Bia57; store packed, 20a25. Eggs—Fancy selected, candled, 47a average receipts, 44a45. Poultry—Alive, roosters, 16; Spring chickens, 28a30; fowls, 23; ducks, 15a 20; keats, young, 50a70 each; geese, 1 Dressed—Fresh-killed Spring chickens, 32a33; roosters, 30a32; fowls, 25; turkeys, 40at5; ducks, 25a28; goese, 20a25; capons, 40a45. Live stock—Calves, choice wedium, 10all; thin, 6a7; Spring, 13: live hogs. $al2. Meats—Beef, 12alR: veal, 12a20; lambs, 26a30; hogs, 14a16; loins, 20a22 hams, 20a22, and shoulders, 14al5. Frult and Vegetable Review. Today’s market report on fruits and vegetables, compiled by the Market News Service, Bureau of Agricultural Economics, says Apples—Supplies moderate; demand Yght, market steady; barrels, Mary- and West Virginia, inches up, Staymans, 6.50a7.50: . best, 6.50; few ordinary poor color, : A2Y% ek Twi 10; de- inches, de- 0; boxes, dium to large sizes, ymans, 3.00a3.50; de- € 13al4; lambs, 24.50 supplies old stock. bulk, per ton. 3 00; new a moderate; Flortda, pointad type barrel crate: ton, moderate; mar- demand slow; Danish type, stock, de- 113 bushel- fair quality, mostly 3.00; round type, 2.00; Texas, bulk, per 70.00a75.00 Celery moderate, market steady inch crates, 3.00a3.25; few . Lettuce—Supplies moderate ; demand moderate, market steady: California, Imperial Valley, crates Icaberg type, 5-6 , 4.0025.00; few 4 dozen high as Florida, 114 dozen crates, Big moderate; demand light, market steady; New York and ©Ohio, 100-pound . Yellows United States, No. 1, medium to large sizes, 8.50a3.60 ; some wasty, 3.25 upplies moderate; demand Florida, 10- upplies Potato Market Steady. Potatoes—Supplies moderato; demand moderate, market steady; Michigan, 150- pound sacks, Ruseet Rurals United Btates, No. 1, 2.50a2.75 per sack; New York, 150-pound sacks. Round Whites United States, No. 1, 2.50a2.75 per sack ; Maine, 150-pound sacks. Green Moun- tains, United States, No. 1, 2.75a3.00 per sack. Spinach. moderate, m baskets Sav Supplies moderate; demand ot steady ; Texas, bushel 1.60a1.75, mostly 1.75: Virginia, Norfolk section, cloth-top veneer barrels, Savos, poor to ordinary quality, 3.00a3.50. Sweet potatoes—Supplies light ; mand moderate, market firm; orth Carolina, cloth-top stave barrels, Yel- low varietles, No. 1, falr quality, 5.50 26.00. Tomatoes—Supplies licht, demand iight; market steady; Florida sixes, ripes' and turning, wrapped, fancy count, mostly 6.50; choice count, 4.50a5.00. Caulifiower—Supplies Iiberal, de- mand moderate; market about steady; California, crates, 75a2.85. String Beans Supplies Light. light, de- String beans—Supplies very demand moderate; market steady: Florida, 7-bushel hampers, green, best, 4.00a4.50: poorer, 2.50a3.50. Eggplant ipplies very light, de- mand good for good stocl market * firm; Florida, pepper crate small sizes, 5.00. Peas—Supplies very %-bushel hampers, fi poorer, no sales repor Squash—Supplies mand good; market pepper crates, white, 7.00. Strawberrfes—Supplies demand moderate; ida, pony refrigerators, 4 low as 45 per quart. Carrots—Supplies liberal, demand moderate; market about steady; Texas, bushel baskets, 1.75a2.00. light; Florida, best, 8.00; ve light, de- steady; Florida, wrapped, 6.50a very light, market firm; Flor- %; few EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. LOOK TO THE SOUTH. In a preceding articl phasized the desirabilit fication of investment cally as well as by have not successfully distributed your funds if you simply confine Yourself to enterprises operating in one section of the country even though these enterprises may be mlong many different lines. At the same time it is perfectly proper to look around for that part of your own country or for that foreign nation which seems at the minute to offer the best opportunities. For example, in considering Eu- ropean bonds one naturally gives the preference to obligations of na- tlons which either did not suffer so extensively in e great war or which have recove the most rapidly from the ef: s of the war. Most people readily recognize this distinc- tion. Carry It & step farther when you are thinking of investment at home. Every one who has money to loan ought to give first place to local in- dustries, but after that he should Ject that section for further invest- ment which shows the most promise. Now I am well aware that there is room for difference of opinion among equally well informed authorities as to what section this is at present, but I am expressing my own view when I say that one wlill not go far wrong if he gives especial attention to the South just now. It is my busi- ness to study the trend of earning power of all kinds of securities, and T have been impressed of late with the fact that so many corporations which have improved their financial position the past vear or so are op- erating in the South and Southwest of the United States. One index of this trend may be found in the progress made by the rallroads which serve that part of the country. The income statements of the Southern electric light and power companies tell the same story. This situation may change over a period of vears, but under prevail- ing conditions the prudent investor will do well to see to it that among his securities are some that are founded upon the substantial and stoadily increasing prosperity of the South. Afopyright, 1925, by Consolidated Press.) I have em- of diversi- geographi- industries. You INANCIA Received by Private Wire BY WILLIAM F.. HEFFERNAN. NEW YORK, February 9.—The usual Monday reactionary tendency prevailed on the Curb Exchange to- day, but there was no sharp dostimen In any quarter. The important move- ments, however, were on the side of advance, but were comparatively fow. One of the outstanding incidents wes the sudden demand for Engl- neers’ Gold, which carried the price to a new high record. Another feature .was the great strength in the new Kelvinator com- mon of no par value. This {ssue was \ THE EVENING STAR, WASHINGTON, D. O, MONDAY, FEBRUARY 9, 1925 NEW YORK CURB MARKET Direct to The Star Office oftered for public subscription last week at $16 a share. It immediately sold at & premium of almost 4 points and was actively dealt In around the 20 level. Thompson Radio, which suffered a sharp drop last week, continued to re- trace part of the lyst ground. De- forest ran up rather sharply under short covering, but others did little. American Light and Traction fea- tured the public utilities with an ad- vance of 5 points, while the new Con- solidated Gas 5} per cent bonds con- tinued to command a premium well above the offering price. ———————— NEW YORK, February 9.—Follow- ing is an offictal list of bonds and stocks traded in on the Curb market today Sales in thousauds. - Allied Packers .. 12 Allied _Packers 8 5 Alum 7s '25.. 3 Alum_7s new '33.. Am Gas & Elec 6s. Am Beet Sug 6s wi Am Pow & Lt 6 Am Sumat Tob Anglo_Am_ Oil 7 Auso Sim Hdwe 8lgs 3 Atl G & WIS S5 Beaverboard s..... 2 Detroit Edison Dunlop T & R Robt a 1t Oil Corp Bs.. Lehigh Power 6s. Libby McN & Lib Ts. 2 L Win Lig R Est 7s. Manitoba Power Mid Cent 65 wi.. 2 Morris & Co 7y 1001 0% 10815 10615 9% orth Sts Pyw 814, Nor Phila Elec 8s....... Phila Elec 5s 80 wi 2101 6 Webstor Mills 6 2 Est R B of F Netherl 5 Krupp Fried 7s... Russian Govt 5igs t Bl N ofs Sol & 10 Swiss Gost 5% Suies in STANDARD OIL ISSUES. units 0 Buckeye P L...... Chesebrough Mfg.. iy land P L.. al Sig Ofl........ Humble Ol & R.. m P L.i.... Imp 01l o : imp 04 Canad n ‘wi Intl Pet Co Ltd.. Magnolia Pet at_Transit Y Transit. Onio 011 Penn Mex Fuel Prairie Ol & Prairie 0 & ¢ Prairie P L. Solar Refin South Pena Ol 2014 881y 70 137 64 46% g 13414 Southern I S 0 Ind... S 0 Kansas.. 8 0 Neb S0N Y 8 0 Ohio. Vacuom Ofl INDEPENDENT OIL STOCKS. in hundreds. 7 Am Mara. 1 Ark Nat Gas. .. rit-Control 01l fid ibo $1000 Cit Serv scrip. 134 Colombian Syn 98 Continental ~Oil 10 Creole Synd . 10 Engineers Pet 40 Gibson Ol Corp. Washington Stock Exchange SALES. Washington Rwy. & Elec. g. & r. 65—$1,000 at_101%;, $2,000 : Washington Gas Light -3 at 58%. Washington Rwy. & Elec. prd.—10 at 81%, 10 at 81t AFTER CALL. National Mtge. & Tnvest. pfd. Tiberty National Bank 10 at 174. Washington Gas 6s '33—$200 at 102, $100 at 102, $1,000 at 103%. Washington Rwy. & Elec. g & T. $1,000 at 101%, $4,000 at 101%, 1013 Nmiional Mtge. & Invest. pfd.—50 at 9%, 50 at 915 Washington Gas 5s—$1,000 at 993 Wathington Gas 8s '33—3800 at 102, $300 at 102, $200 at 10: d Money—Call loans, 5 and 6 per ceat. Bid and Asked Prices. BONDS. PUBLIC UTILITY. American Tel. & Telga. 4s. American Tel. & Telga. 434s. Am, Tel. & Tel. ctl. tr. bs. Anacostia & Potomac 5 ‘Anacostia & Potomac EUar. 5s. & P. Telephone Bs. & P.’ Telephone of Capital Traction R. R. City & Suburban Georgetown Gas 1 Totomae Elec. 1 Potomac E Potomac Pot. Elec. Pow. Alex. & MISCELLANEOUS. D. C._ Paper 6s. pot. Joint Stk. Ld. Bk. 58 Riggs Realty bs (long). Kigss Realty s (short). Southern BIdg. 8l h. Market Cold Park Hotel 6s. STOCKS. PUBLIC UTILIT American Tel. Capltal Traction Washington_Ga Norfolk & Was h. Ry tional Capital lumbia Commercial . Histrict . Pariers & Mechanics Federal-Amerfcan . Liverty Lincoln National Me iiggs Secon Nation of Wash. TRUST COMPANY. American Security ‘& Trust. Continental Merchant! National East W Security Savings Seventh Street . Unlted Mon” Mechasics’ Weshingto! FIRE INSURANCE. . .23 American Gorcoran Firemen's . National Union TITLE INSURANCE. Columbia _Title. Real Estate Titl MISCELLANEOUS. Merchants’ ‘Transfer & Storage. 110 Mergenthaler Linotype. Natl, Mtge. & Invest. pfd. 014 Dutch Market com. 014 Dutch Market ptd. Lanston Monotype..... Security Stord Washington Marke! Yellow Ca Gillfland Ol v t c. Gult Oil of Pa Kirby Pet . Lago Pet . Latin Amer ‘Oil Ion arga. Mex Mount Mount 3 New Bradford New: Mex L oble 01l & ob Ofl & Gi Onlo Fuel Corp. Peer Ol Corp. Penn Beaver Ol Pennock Oil Corp. . Royal Can O & Ref Sait Ok Prod..... aton Oil of Calif. Venezuelan Pet.... West States Oil. Wileox & G Woodley ~Pet. INDUSTRIALS. Allted Pack new. 9 Amai Leather...... 10 Am Gas & El new . 78% Am Gas & Elec pfd 45 Am L & Trac . 153 Am L & Trac war. Am Pow & Lt new Am Pow & 1. ptd. Am Superpower A Am Superpower B Appalac Pow & Lt Assd G : Atlantic Borden Co ... Botany Con Mill Baissonault Bkiyn Boro “oil s Fams 30 : S il B B Childs Co' new.... 45 Com Pow Cor.... . 1204 Com Pow Cor pfd. 8075 ? s Bal new 83 5o S e ! Co A Cudahy Pac ;108 Curtiss Aero M pfd 8433 DeForest R C vt 338 Dochler Die Cast C 1915 Dub © & Radio n 31% Durant Mot ...... 18 Duplex C & R vte 107 Duz Co A l as Flec B4 & Sh pfd Fl Bd & Sh nw co Elec Investors Inc 4 Fajardo Sugar Co. 120 Federated Metals 7 F & W Gr Stores.. 82 Film Inepect Mach 10 Freed Eise Rad Co 23% Freshman Chas 2213 Garod Corp 10 Gillette 8 R & ar Tire. 3% RCE ... 17% p Cand Stores A 6% Hazelting Corp ... 37% Toter Cont Rubber 6 Int Match Co pfd.. 42% Int Ocean Rad Co Internat Utilities B 13 Jones Radio K 108 81 Beisacs 10315 Ruses 0T o b 2 Rreaea®Buranmmaa® Kelvinator wi Lehigh Power sec Tehigh Val Coal Lehigh Val Coal NC 48 Lib Rad Ch Stores 8% Mengel Box .. 404, Meaabl Tron . 3% 8813 Music Master ..... 15% Mot Wheel Co n wi 138 Nat Dis Pr v t cf 39 » B 1o o Middle West Ttil" Y & Nick Plat n pf wi. Nor States Pow Cor 103 Opp Rem Col wi... 43 Omnibus Co A pfd. 85 Omai Cor vt tr cfs. 4 Paige Motor. Power Corp N Y... Pratt Lambert wi . Prophylactic Brush. Prrene Mfg....... Reid -1 C. Reid I O pfd Richmond Rad Rova Radio (o t ¢ Seagrave wi Sl Gel Prod n vt Shattuck F G.... Sleeper R C vic S0 C &1 new . Southeast P & L. Southern Cal Ed. s E B oo m Bk FoBamonanol Bromi Swift Intl . Switt & Co 2 Ten Elec Power.. Thermiodyne R G 15% Thompron R O vte 14% Tobaceo Prod Expts _37s Todd Ship . B Tower it . Union Carbide ... 7 United G & E new 32 THLP & L Cor A 25% T'n Shoe Mach Cor 44 Un_ 8t Gypsum Co 123 U'S Lt & Heat.... .05 ‘or B 41% re Radio Corp.. 30 Wh Ro Min Spr n 17 Wick Sp 8t Co wi 4% Yel Taxt Corp N ¥ 19 MINING. Arizona Globe Cop .35 Butte & Western.... .18 3t .08 08 55 = P B TORPS - P g e B2uam > =33 14 Canario Copper 22 Cons Cop Mines... 40 Diamondfia Bl But 10 Dundee Ariz 10 Eng Gd Min Lt 190 Eureka Croesus 20 First Thought G 10 Goldfield Develop... . 10 Goldfield Deep Min .03 80 Gold State . » Gold Zone . Harmill Div . Hecia Mine Howe Sound _ Independence Lead. Jerome V Develop Jib_ Cons Kay Coppe Kerr Lake . Valley. i FREOR S Mason Niplssing . Ohio Copper. Plymouth Lead . Premier Gold Min BBl Fakd '3 (P 10 Stand _Silver Lead. 25 Tonopah Min 5 8 Un Eastern Min.. .| 1 United Verde 10U § Continenta 10 Unity Gold . 58 Wenden Copper 20 West End Ext STOCK EXCHANGE TO AID IN FRAUD DETECTION By the Assoclated Press. NEW YORK, February 9.—Crea- tion of a speclal department of the New York Stock Exchange to inves- tigate attempted ~frauds through worthless securities has_been an- nounced by President E. H. H. Sim- mons, who stated that the services of the bureau would be available, without cost, to any person in the United States. ESTIMATES REVISED ON WORLD COTTON Estimates of cottén production for Brazil, Peru and some minor coun- tries and revised estimates for Egypt, China, Russia and other regions have changed somewhat the estimated world total production for 1823-24 and 1924-35, the United States De- partment of Agriculture has an- nounced. Cotton production of all countrles reporting to date for 1924-25 now Zhsl & .| amournits to 23.366,000 bales of 478 pounds net as compared to 19,044,000 bales for the same countries in 1923- 24. These countries in 1923-24 pro- duced 97.7-per cent of the estimated total world production, which is now placed at 19,600,000 bales. —_— PARIS MARKET UNSTEADY. PARITS, February 9.—Prices moved irregularly on the Bourse today. Three per cent rentes, 48 francs 45 ocentimes. Exchange on London, 89 francs. Five per cent loan, 68 francs 25 centimes. The dollar .was quoted at 18 francs 63% centimes, SURETY BUSINESS GROWS BY LEAPS Companies Ass;ume Risks Which Make Many Huge Projects Possible. BY J. ©. ROYLE. Special Dispatch to The Star. NEW YORK, February 9.—Out of the peculations of dishonest men has grown up one of the most important and influential businesses in America. The surety business, which was start- ed to furnish protection against dis- honesty and breach of faith, in late years has grown by leaps and bounds. This was emphasized today by Albert H. Wiggin, president of the Chase Na- tional Bank, in speaking at the cele- bration of the thirtieth anniversary of the starting of the Fidelity & De- posit Co. ‘When the company started, there were only one or two concerns en- gaged in the business, and the Fidel- ity & Deposit had only two employ Today It has a big staff here, with representatives in hundreds of other citles, and has just been compelled to seek larger quarters, owing to the In- crease In the amount of surety busi- ness being placed. There are many other outstanding copcerns doing & strictly surety business in the United States. Pooling of Risks. “Surety companies have done much to increase the safety of modern business” Mr. Wiggin sald. ~“Un- known risks which individual firms could not safely assume are pooled %1 by these companies in such a way as to make them definitely available and safely bearable.” ¢ The surety companies of the United States now have a capital of $119,- $89,694 and assets of $1.304,133.764. In the last vear their net premiums totaled $468,709,335. The companies | really began by offering guarantee against dishonesty of public offictal [Now, bonds {ssued by surety compa- nles Include fidelity bonds for em- ployes of mercantile and manufactur- ing concerns, for fraternal orders and for public officlals, bankers' and brokers’ blanket bonds, contract bonds for supplies, paving. ship- bullding, dredging and construction work, judiclal bonds for adminis- trators, executors, trustees and guar- dlans and bonds filed In connection with litigation and depository bonds. Jn addition, some companies do a large burglary business, issulng many residence and mercantile policies, and also handle a large bankers' and | commercial check forgery protection business. | Business Covers World. | Many of the companies are repre- sented in practically every business center In the United States, Cuba and Porto Rico and also have arrange- ments for executing bonds in every part of the world. Clarence Axman, publisher of the Eastern Underwriter, and regarded as a leading authority in insurance, sald today “billions of dollars of construction an . engineer- ing work each year is made possible in America through the operation of surety companies. Their bonds have enabled the builders of America to prosecute their work with vigor and security. “Moreover, there have been many instances whers contractors have failed and the surety companies have taken charge of the work and dom- pleted the contracts. Corporate surety in America is growing by leaps and bounds and the individual surety by which one man stands sponsor for another in the carrying out of a con- tract or obligation is passing out, after many bitter experiences and tremendous personal losses sustained by individual: Defalcations of trusted employes and officials no longer cause the con- sternation in business and financial circles that they once did, since in nearly every case the concerns in- volved have taken advantage of surety company protection. NEW YORK EGG PRICES. NEW YORK, February 9.—Egss, firm; receipts, 9,328 cases. gathered extra firsts, 4713a48%; do., firsts, 46a47; do., seconds, 44a45; near- by hennery whites, closely selected extras, 61a52; nearby and nearby Western hennery whites, firsts to average extras, 47a51; nearby hen- nery browns, extras, 50a52; Pacific Coast whites, extras, 4914a51; do., firsts to extra firsts, 47a49; refriger- ator firsts, 40a4l; do., seconds, 37% a39. RATES ON BAR SILVER. LONDON, Februnary 9.—Bar silver, 82%d per ounce. Money, 2% per cent. Discount rates, short bills, 3%a3 11-16 per cent; three-month bills, 3%a 3 13-16 per cent. NEW YORK, February 9.—Bar sil- ver, 88%. Mexican dollars, 52%. YOUR INCOME TAX Expert Advice Given by United States Internal Revenue Bureau Based on Latest Changes in Legislation. ARTICLE NO. 28. Under the “Information &t source” provision of the revenue act of 1924, all persons “in whatever capacity acting” are required to report to the Commissioner of Internal Revenue payment to.others during the taxable year of $1,000 or more. Information returns are carefully checked with the individual return of the taxpayer to whom such payments are mad Thousands of delinquents, and addl tional taxes aggregating hundreds of thousands of dollars have been dis- covered as the result of this audit. The act requires report of piyments of “interest, rent, salaries, wages, premiums, annuities, compensations, remunerations, entoluments, or other fixed or determinable gains, profits’ and income.” A separate return of information for each employe whose salary or wage for 1924 was $1,000 or more is required of employers. Payment for overtime, fees, commissions, bonuses and the fair value of food and lodg- ing furnished as part payment for services should be included. Heads of branch offices and subcontractors em- ploying labor, who have the only complete records of payments therefor, should file the returns directly with the commissioner. When both main and branch offices have adequate records the returns should be filed by the main office. The requirement is not limited to periodical payments, but a single pay- ment of $1,000 or more must be re ported. Real estate agents are re- quired to report payments to land- lords. Fraternal organizations and assoclations are required to report payments to officers. Banks are re- quired to report interest pald or credited to a depositor, if the total during the year equaled or exceeded $1,000. Forms for filing information returns may be obtained at effices of collec- tors of internal revenue. The collec- tors, however, are not authorized to receive th returns, which should be addressed to the Commissioner of Internal - Revenue, Sorting Section, Washington, D. C. (The next article in this series will appear tomorrow.) U.5. FOOD EXPORTS REVEAL INCREASE Canned Fruits Gain 52 Per Cent in Year—Foreign Na- tions Big Prune Buyers. Export of food products from the United States during the calendar year 1924 totaled $1,040,662,984, com- pared with $889,396,071 in 1923, the Department of Commerce announced today. The greatest item in which the gain was shown was in exports of wheat, the value of which in 1924 aggrega: ed $433,760,892, compared with $311 302,346, a gain of approximately $122,- 000,000 during the year. Although exports of all canned foods showed an increase, exports of canned fruits increased approxima 1y 52 per cent in volume for 1924, a compared with 1923. Probably the most important development in the exports of dried foods for 1924 the department sald, as well as an item ot great importance in the trend’of the foodstuffs export trade for the year, was the total exportation of 220,911,703 pounds of prunes, as com- pared wtih 59,103,767 pounds exported during 1923. All the European countries showed substanfial increases in" their impor- tation of prunes from the United States during 1924. Exports of meats and meat products, with the excep- tion of neutral lard, declined grad- ually during the calendar year 1924 as compared with 1923, while butter exports for 1924 were valued at $3,- 429,453 against a value of 32,668,807 for 1923. FINANCING Apartment ]/2 A Business Houses Property Unlimited Funds Avaflable FRED T. NESBIT FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Se. 1 5% i é._élenuninger& ; Song [ First Mortgage Loan Applications Wanted Interest Rate 6% and 6Y2% Apply Loan Dept.; C. L. O'DONNELL, Mgr., CHAS_D. SBAGER, Realtor, 924 14th St. N.W. 38 Main 37 38 BONDS STOCKS Bought—Sold—Quoted Full New York and Berlin Market Recelved Dally Send for Special Market Letter Peter Whitney 203 Investment Bldg. FROM $50 TO $100 Can Be Obtained by Using Our Certificate of Inventory, Appralsal and Title. CHATTEL TITLE COMPANY 805 Flfth 8t. N.W. '’ 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 8673 Main 3353 To Achieve FIRM PURCHASED. NEW YORK, February $.—The B. F. Goodrich Co. announced today acquisition of the Ames-Holden Tir Co., Ltd., of Canada, in which it ha held a substantial stock interest 3ince the latter’s reorganization sev- eral years ago. The name of the new subsidiary will be changed to the Canadian Goodrich Rubber Co., Ltd. We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street Departmental Employees “Your Bank” Will loan you One Hundred Dollars to start a Four Per Cent Savings Account Write or call for further information THE DEPARTMENTAL BANK 1714 Pennsylvania Avenue Under United States Governmest First Mortgage Notes— Secured by Improved Real Estate In Washington Worth Double The Amount Of the Loan— Interest Rates Today 6%%— Denominations of $100 to $5,000— Partial Payments Received— Mortgage Investment Dept. SHANNON & LUCH S] 713 and 715 14th St. N.W. Main 2345 Proven Safety HE 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. E: partial payment earns the'fq\;fi rate of bond interest. No Lot to Awy Investor in 52 Years The F. H. Smith Co. Founded 1873 FIRST MORTOAGE BONDS Smith Building, 815 Fifteenth St. information lh"I?LIR. Bonds pay- ing 1%, WO o LB S Address the success that is your heritage requires not only assiduous application to your daily task—it entails a systematic plan of saving as well. Financial Independence is the reward of the man or woman who links well- considered investment in solid securities with regular banking habits. He or she is assured of comfort in the declining years. Invest YOUR Savings Wisely 5 in thoroughly protected securities such as the First Mortgages offered by Swartzell, Rheem & Hensey Company and increase the earning power of your capital. The interest rate—6% per cent per annum —doubles the value of your investment every eleven years. EEM&HENSEY (0. Sw D a4 shingtonD.C. 55 Years Without Loss to an Investor FINANCIAL GRAIN EXPORTS DECLINE. Grain exports from the United States last week amounted to 2,950,000 bushels, comparea with 3,666,000 bushels the previous week, Commerce Department figures reveal OLDEST National Bank in the District of Columbia FIDUCIARY DUTIES OF EVERY NATURE ARE EFFICIENTLY HANDLED BY OUR TRUST DEPT. 3% PAID ON 8AVINGS T' 5 Y I u’lm = National Metropolitan Bank 15th St., Opposite U. S. Treasury Money to Loan Bocursé ey first dsed of trust on resl estate Prevalling interest and_commiseion Joseph 1. Weller {8 ¥esk &% Tt Bldg., 9th & ¥ N.W. Seasoned Service TTHE METROPOLI- TAN has thoroughly demonstrated its abil- ity to “take care” of its depositors in times good and bad, having met the requirements of an ever-growing clientele continuous!y for well over a century. - X §Those desiring a solid banking commection are invited to get acquainted here. —111 Years Old VAR ERRERRE) Equitable Co-operative Building Ass’n JOHN JOY EDSON, President Organized 1879 Assets $4,042,132.68 FRANK P. REESIDE, 45th YEAR COMPLETE! Surplus 81,317,011.44 Subscriptions for the 88th Issue of Stock Being Received Make Up Your Mind TO SAVE The Equitable’s system is most pop save with regularity ular because it helps you to Become a member now! Money that home or business prop- erty may be obtained with con- venience and promptness from BOSS @ PHELPS LOAN DEPARTMENT W. L. King, Mgr. 1417 K Street NW to Build Main 9300 Located in the COMPANY APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY District of Columbia and adjacent Subwrbe in Montgomery County, Md. KLY ;fi pply ro H. L. RUST COMPANY LOAN CORRESPONDENT ©he PRUDENTIAL INSURANCE 912 15th Street N.W. of AMERICA Main 6888 A B. F. Main 2100 THE EXPERIENCE number of discriminating and careful that our sound 6%% FIRST MORTGAGES —offer a convenient, safe and satisfactory way to employ their funds. Profit by their experience. SAUL CO.. LEARN FROM OF OTHERS continually increasing investors have found 925 15th St. N.W.