Evening Star Newspaper, February 13, 1925, Page 29

FIN PRICES HOLD FIRM AT CENTER MARKET Apple Demand Light—Cak- bage Demand Dull—Little Change in Meats. Wholesale prices Center Market were as follows early today at approximately s Wholcsale Pricen. Butter—Fancy 47a30; prints, 55 store pac Eggs— selected, candleds 47a 45: averagq riceipts, 44ads. ulrry-—Alive, roost 16; Spring $a50: fowls, 78; ducks, 15a young. 30470 each; geese, Dres @sh-killed Spring 3 Toosters, 30a turl ey, 40a43: ducks, 26a apons, 40245 Stosk—Calves, choice, 10a11; thin, 6a7; 13; live hogs. Sal12. —Beef, 12a13: veal, 12a20; 26a30; hogs. 14a16: loins, 20a 20 and shoulders, 11al5. Frult and Vegetahle Review. Today's market and vegetables, Market News s cultural Economics, says: Apples—Suppies moderate. demand light. market firm. Barrels, Maryland, Virginia and West Virginia, A21 inches up. Staymans and Black Twigs, Yorks and King Davids, Winesaps, 8.50a 9.00; A21; Yorks, fair color, 4.50, few Delicious movement slow, g York, A2%- inch Bajdwins, 26.00. Boxes, Northwestern, medium to large sizes, extra fan. Staymans, 3.25a3.50: ?'mmvs. 5a4.00; Delicious, 4.50a4.75. tub, ed, 2 fowls, 28; geese, Live medium, Bprin Mex lamlis 22; ham. 13a14; lambs, report on fruits compiled by the rvice, Bureau of Agri- Cabbage—Supplies liberal, demand Mght, market dull. Old stock: New Yopk. bulk, per ton, Danish type 30.00a35.00. New stock: Florida, 1% bushel hampers, round and pointed type, 1.75a2.00: barrels, crates, round @nd pointed type, sales direct to re- tailers, 4.00. Celery Supplies Light. Celery—Supplies light: demand light, market firm; Florida, 10-inch crates, large sizes, 3.00a3.25; few 3.50; small sizes, 2.75 Lettuce—Supplies moderate; de- mand moderate, market steady; Cali- fornia, Imperial Valley, crates, Ice- berg type, 6 dozen, mostly around 4.00; 5 dozen. mostly 4.50; few higher; 4 dozen, 5.25; few higher; Florida. 113-bushel hampers. Big Boston type, best, 2.50a3.00; 2 dozen, crates, 2.00a 2.25: some fair quality lower. Oniogs—Supplies light; demand light, marl § nteady: New York and Qaio. 100-pMind sacks, vellows, U. 1, medium to large size, 3 .50 tiy 3.50. otatoes—Supplies liberal: demand moderate, et steady; Michigan, 150-pound sacks, Russet Rurals, U. No. 1, 2.50a2.60 per sack; ork, Round Whites, U. No. 1. mostly 250 per sack. Spinach—Supplies moderate; demand moderate, Texas, bushel baskets, Virginia, Norfolk section, cloth top veneer bar- rels, Savoy, fair quality, 3.50; South Carolina, barrels, Savoy., Sweet Potatoes Steady. Sweet potatoes—Supplies light; de- mand moderate, market steady: Vir- ginia, East Shore, cloth top stave barrels, yellow varieties, No. 1, 6.50a 7.00; North Carolina, cloth top stave barrels, yellow varleties, No. 1, fair quality, 5.50a600; few good quality higher, red varieties, No. 1, 5.0025.50; white yams, 4.30a5.00. Tomatoes—Supplies moderate, market 6s, ripes and turninz = wrapped. fancy count fair quality, 5.00a5.50; few best, 6.00; choice count, 4.00a4.50 Cauliflower—Supplies libera de- mand limited. market steady; Cali- fornia crates, fair quality, ricey, 2.25a 2.50; few best, 2.75 ring beans—Supplies light; good stock scarce; demand moderate, mar- ket firm; Florida, 7 bushel hampers, green ordinary quality, 4.00. Peas, cucumbers, eggplant, peppers —Supplies very lizht; too few sales to establish market. Squash—Supplies mand good for firm: Florida quality, Strawberrie mand good 5 Florid per quart Carrots—Supplies mode mand moderate, market st as, bushel baskets, 1 Bects—Supplies moderate; demand moderate, market steady; Texas, bushel baskets, mostly around 2.75. MERCHANDISE BUYING light; steady; demand Florida very light; de- good stock, market pepper, crates, fine o light; de- stock, market refrigerators, upp r good pons de- dy; Tex- SHOWS STEADY GAIN| By the Associated Press. NEW YORK, Februar; extensive buving of me: miscellaneous 13.—More andise and commodities than a year ago is indlcated in the move- ment of freight by Western rafl-| roads. Steel shipments are heavler, and other building materials are moving at a good rate. The move- ment of grain, while still heavy, sald to be showing the effsct of the big movement earlier in the season, when farmers rushed to take advan- tage of high prices. Profits of grain sales apparently are finding their way into other markets, judging from loadings ‘of miscellaneous freight throughout the West DAIRY PRODUCTS. BALTIMORE, February 13 (Special). —Live poultry—Youn chickens, pound, 22 leghorns, Winter, 33; old hens. 18a21; leghorns. 18a old roosters, 15alt: capons. voung 0ats; poor an 2423 40. Dressed poultry——Turkeys, pound, poor and crooked breasts, chicken 5 roosters, ducks, 2 Eggs—Receipts, cases; and nearby reccipts, dozen, 46. z00d to fancy, 44: ladle, 27a pigeons, palr, 35a native s but- | _PHONE EARNINGS GROW. NEW YORK, February 13.—The preliminary report of the Interna- tional Telephone & Telegraph Co. for 1924 shows a surplus of $1,995,674, equal, after preferred dividends, to. $11.17 a share on the common stock, against $1,468,745, or $8.40, in 1923, Stockholders of record February 24 will be offered 89,975 shares of new stock about April 1 at $83 a share, on the basis of onc share for each two held LIVE POULTRY HIGHER. CHICAGO, February 13.—Poultry— Aliv higher: fowls, 23a2 2 roosters, 18; turkeys, 26; gcese, 16. AL I AL Your Banker Knows. When in doubt about a security consult your banker. It is equaliy as much hix interest as yours to pro- tect your savings. You trust him with your deposits—why not trust him with vour investment problems? | « ANCIAL." YORK, February 13.—Oll shares monopolized attention through- Out the greater part of the time to- dzy, opening up rather sharply in response to a serles of general ad- vances in crude oil quotations Initi- ated by the Prairie Oil and Gas Co. Prairie Ofl and Gas crossed 251 as against the previous final of 244 be- fore the demand subsided. Substan- tial gains were recorded in Standard of Indiana, New York and Vacuum. Large blocks of Continental Oll were taken at higher prices despite the fact that the 25 cent dividend came off the price today Renewed activity came into Ameri- jcan Maracatbo on reports that drill- ing operations on adjoining property are being carried out successfully. The movement in the radio group NEW YORK, February 13.—Follow- {Ing is an ofMcial list of bonds and stocks traded in on the New Yoik Curb market today: Sales 1 G thousands. s 1 Allied Pack 0 ] 9 Am Sumat Tob 7in Avaconda fis Angio_Am_0ii Asso Sim Tldwe AUG&WISS 1 Atlan Fruit & Toc Benverboard 8s Cit Serv Pw & Lt Cons Text les &s Cubu (o of N J fs. Cudahy 3 Detroit. City Tr & Rub 78, obt Ts § Galena Sig Ol Grant Trunk 6%s... Hood Rubber 78 ... Lehigh Power 6 . Lig Win Lig re es Manitoba Low Mid Cont 8tgs Moirix & Co 7ls. Nw Orlns Pub Ser Nor St Pow 8% Nor St P M 6gs Penn Power & Lt 5% Pennock 0] Corp 6a & E Co 1 Co_61gs awsheen Ts Southern Cal Ed Stand G & E 6%s S 0 New York 6%s Run Of Sigx.. Bwift & Co TnBL&PH Toion Ol 6s B 28, Tni Ry of Hav T4 City of Bogota S<... 96 Est R R wi French National 7 In Mtg Bk of Fin King of > Russ Govt Russ Rusx s Solvay & Co 65 6 Nwiss Govt 51 Sales STANDARD OIL ISSUES. - [ in units. 500 Anglo Am Oil...... 100 Atlant, . 10 borne Scl 160 Buckeye P 200 Chesbrouy 20 Cumberls 400 Gal S.g 1000 Humbie 50 T P L : 3800 T Oil of Can wi. 5500 Interal Pet Co Lid. PG uth Penn Gt 30 Routhern P L. 20000 8 0 Ind ... 600 S O Kansas . 280 8 O Nebraska 1800 § 0 N ¥ 10 8wan & Finch . SALES. Washington Bwy. & Elec. §. & r. 6s 33— $500 at 101%. ‘apital Traction Co.—3 at 82, 5 at 92, 7 at Washington Ry, & Elec. pfd.—5 at 80l 10 at 803, 5 at 6ig. 100 ac K015, 40 at BO% 3 at 803 80 at 51, 10 at 813, 10 at Bk, 10 At 811, 10 at 81%,°10 at 8114, 10 at 815 American Becurlly & Trust="10 at 320,"20 at 320. Targton Monotype—10 at 78% Mergenthaler Linotype—2 170, 10 at 1703, 40 at 17015, 7 at 1701 Nafional Mtge. & Invest. pfd.—100 at 9%, 150 at 9%, 50 at 9%, 100 at 9%, 130 at 9% 360 at 9%, 50 at 93 AFTER CALL. Lanston Monotspe—10 at T8%. Washington Gas 65 '33—$1.000 at 103%, $2.000 at 108, al Traction 5s—$3.000 at 99% . Mtge. & Invest. pfd—2t Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Asked. American Tel. & Telga. 4s.. A American Tel. & Telga. 43as.. Am. Tel. & Tel. ctl. tr. 5 Am. “Tel. & Tel Anacostia & Potor Anacostia & Phtom & P. Telephone 5s. & P._Telephone of apital Traction R. R. Georgetown Gas 1st Potomac Elec. 1st 5 Potomac is | pe [, Alex. & Mt. Ver. cf . Balt. & Anoap. 5 shington Gas 5 MISCELLANEOUS, 1. . Paper 8s. | Pot. Joint Stoek L' Tk, Riggs Reaity bs (long Riggs Realty 58 (short) | Southern Bldg. # ] Wash T Cold Storage.. Wardman Park Hotel 6 STOCKS. PUBLIC UTILITY | American_Tel. & Telga... ! Capital Traction, Washington folk & W | Wash. Rwy. & | Wash. Rwy. & Ele { Terminal Taxi com.. Dstrict | Farmers & Mechanic Federal-Americ TRUST COMPANIES. Coutinental | Merchant Natlonal Sa Union . Washington Loan & SAVINGS BANKS, | Commerce & Savings | East Washington . Securliy Bav. & Com Seventh Street . United States Washington Mechanic: : FIRE TNSURANCE American Carcoran Firemen's ational Union TITLE INSURANCE. [ Columbia . | Real Es er Linotype . N tge. & Tovest. 014 Dutch Market com. 014 Dutch Market pfd Lanston Monotype Qecurity Storage; ‘ashington Marke Tellow Cab.. *Ex. dividend. * | the Youngstown Sheet and Tube with * | amalgamations. Reports also were cur- NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office was erratic. with a few issues stand- | ing out stronger than others. In- cluded among these was Rova, which responded to announcments that the company would form an important gnit in a radio combine. Hazeltine broke badly when offerings found the market bare of bids. Public utilities were the one dis- appointing group, declines here being rather sharp in some instances. American Power and Light new was an exception, more than retracing the dividend which came off the price. United Profit-Sharing suddenly came to life and was bid up well over a point. Operations for the rise in Goodyear Tire common got under way again. The pool back of Durant Motors made further headway for a time, but met selling around 39. ales in INDEPENDENT'OIL STOCKS. hundreds. PPN Cit Serv ptd B Cit Bery "B cfa... it Serv O werip Cit Nerv serlp . Colombian Synd ‘ontin_Oil Cieole 8ynd 0,000 Derby O & Ref. Derby 0 & Ref pid Euclia Ol Co. Eagloeers Pet Federal 0il Gibson OHL Corp Gulf Ol of Py Kirby Pet . Lago Pet ...0.. Lutin Amer 01l 8 Mex Paouco 26 Mount _Prod . New Bradford New Mex Land 1 Peer Oil Corp. 9 Pennock 0il 8 Red Bank Oil Canad 0 & R s-_..,zé 2otz e AP aR PO S & 4D West States OM Wilcox il & Gas. Acme Coal Alled Pack 2 Allied Pack pr pfd Am Gas & Eie 3 Am Lt & Trac.... Am Lt & Trac wis 5 Am FPow & Lt new Am Pow & Lt pfd. Am Superpower A Aw Superpower B. Associated G & B Borden Co Botany Mil 3 Botany Con Miils A Boissonault ... Bur Add Mch pfd Buf G, E = Car Light : ‘entrif Pipe Corp. Childs Co new.... Commonw Pow Cor Com Pow Cor pfd. Cons Balt new 2 Conti Rak e Conti Rak B Conti Bak pfd udahy Pack . De Forest R C vte Doeh et Die O Co. Dubiller € & R new Durant Mot ........ Duplex € & Rvte Du Pont Motors Dz Co A ¢ Eaxt Penn Ei (o . il Bo & Shopfd .. El Bd & Sh o cor Flec Investors Ine 8 Fede Metals T Ford Motor (o Can i Foundatlon Co pfd 13 Freed-Elsemann RC 9 Freshman Chas lette & R Glen Alden Grenna erien % Happ Candr Rtor A Hazeltine Corp . Heyden Chem Tntern Mateh €9 p Tnter-Ocean Rad (o Jones Radio ...... Kelvinator wi Liberty Rad Ch Sts Mengel Rox Adle We at Dist Pr v ¢ of Not Pw & Lt ... Nickel Plate nw wi Oppen Collins Omaibur Cor v 't ¢ Paige Motor ...... Pratt Tambert ‘wi. Reid Tee Cream... 803 Reid Tce Cream pf 08 Repetti Candy Richmond R Rova R C tr Kongrava ... Sl Gel Prod n vic o F G [EETNSPRENTEAN 283X S B Southern Cal Standard Motor Stand Pub Co Al Stutz Motor 3 Swift Intl Thermiodsne Thompson Rad vte Timken " Axle Todd _Ship Tower Mix.. I ulip Corp. 5 TUnfon Carbide.. .. 701 Tnited G & E new 3! United L & P A... 473, United Profit Ttilities P & I United Shoe US Lt & H 2 U S Lt & Heat pfd Ware Radio Corp.. Wick-Spen Steel wi 4% Arizona Globe Cop. .34 MINING. Butte & Western.. .13 Caledonia Min . Canario_Copper Chino Eat Mines.. . Chief Cons Mining Cons Cop Mtnes. Cresson Gold Diamondfid BI Fog ( FEFE FERS 228,328 Bt a3 a 175 SFumonaBun-a 3 58! Rt T PPN oldfield Cons Goldfield Deap 3. o1 Riate ... old_Zon Harmi'l . 3 Heeln Mine . Howe Sound Indep Lead . Jerome V Devel i Cons ... Kay Copper Cor Lone Star ... 3 Mason Val Nip'asing . onio Con . 3 Plymouth Lead Mn .82 2 Prem.er Gold Min. . Rky Mt Sm & Ref United. Verde U S Continental Vanity Gold X Ape 61 Wends a2 60 7 3% x en’ Coppes :STEEL MERGER GOSSIP GRIPS WALL STREET | By the Associated Press. NEW YORK, February 13.—Wall | Street heard various reports today of | possible steel mergers, one linking | Inland Steel, while Republic Iron and | Steel and Jones & Laughlin also were mentioneé in the *rumored |rent that negotiations were in prog- ress toward a merger of Penn Sea- board Stecl and the Fastern Steel Co.. the capital required being said to be in the hands of a Philadelphia bank. RATES ON BAR SILVER. LONDON, February 13—Bar silver, 32 3-16d. per ounce. Money, 2% per cent. Discount rates: Short bills, 3%a3 13-16 per cent; three-month bills, 3%a33-16 per cent. NEW YORK, February 13.—Bar silver, 683%: Mexican dollars, 52%. . FIB.ST_ASPARAGUS IN EAST. NEW YORK, February 13 (Spe- cial).—California fresh asparagus ap- peared here today for the first time this season and sold promptly at $45 to $50 per dozen bunches. | tion. | employes courteous, willing and tact- | of the Interstate Commerce Commis- ORY GO0DS PRCES TOREMAN STEADY Public Resists Advances, Merchants Say—Better Salesmanship Needed. BY J. C. ROYLE. Special Dispateh to The Star. NEW YORK, February 13.—Prac- tically every dollar spent over the counters of the stores of the United States this year will have “for value recelved” pasted on it. That is the consensus of opinion expressed by the merchants from all over the country now here attending the convention of the National Retail Drygoods Asso- ciation. These men, with their fingers con- antly on the buying pulse of the public, are thoroughly confident that 1925 will be & prosperous year. They expect to do a heavy volume of busi- ness. But they are not looking for any “boom” and anticipate no buying orgy, such as took place in 1919 and 1920. The public, they say, has re- laxed mot one whit in its resistance | to advancing prices. Buvers expect to get full value for every cent they spend. Materials Are Higher. Prices for materials, on the other hand, are going up. Manufacturing costs are little, if any, lower. Yet mer- chants feel that even a comparatively moderate advance in cost to the con- sumer is likely to check demand, al- though there is ample buving power in the country, with industry active and employment general. The mer- chante therefore are laying out a policy with these conditions in view. They are paying strict attention to closer methods of buying and better methods of selling. Through these means they expect to be able to oper- ate on a narrower margin of profit than ever before and to obviate as much as possible the necessity for price increases. Competition will be keen and the successful merchant. they say, is the one who can operate on the most economical basis. Combination Buying. The trend toward combination of various stores in different sections for buying Js unmistakable. Already eight larger concerns throughout the East have formed such an organiza- The men who are operating It declare that it does not hamper the individuality of any single store and permits the special needs of each dis- trict to be cared for and at the same time allowe purchases to bs made in large quantities and low prices. Merchants also are working out plans on the relation of the different activities characteristic of every re- tail business—advertising, merchan- dlsing, service and records. They ex- pect to bring more concerted action into the business as a result. De- partment. store owners placéd them- selves strongly on record for main- tenance of honest advertising prac- tices. They have determined not only to avoid untruths but any semblance of untruth and to curtail the use of superlatives. Urges More Truth. “Until the sense of truth is i into merchandising and buying,” T. P. Comeford, advertising director of a large Eastern store, “stores will never get where they belong in ad- vertising truth. Store buyers must realize they are responsible for. truthful statements in advertising. It is the duty of the advertising de- partments to imbue the whole or- ganization of the store with the idea that a statement not absalutely true should not be made In advertising copy." Merchants are striving vigorously to improve service to the consumer. “Such service is the foundation of £0od wlill and for success in the re- tail business,” said Lew Hahn, man- aging director of the association, to- day, “and service depends on the well directed efforts of human beings within the business. Co-ordination of the duties of individuals in a retail store In a way to Increase effective- ness of service is what we are after.” Better Service Desired. Strong efforts will be made from now on by merchants to instruct sales- people in the essential facts about the goods they sell, %o that those articles may be properiy presented to customers. The delegates here are unanimous in a desire to have their ful, but they add that they know of no new way to make them so except through steady continued training. STUDY TRAIN CONTROL. Railroad Experts See Safety De- vice in Operation. Bpecial Dispatch to The Star. BALTIMORE, February .13.—Rail- road fepresentatives saw demonstra- tion of the Richards train-control on | the Maryland and Pennsylvania rail- | road between Baltimore and Home- land Tuesday. The train-control, the invention of Harry W. Richard, a Baltimore man, will slow down or stop a train inde- pendently of the action of the engi- neer, it in said. Its promoters main- tain that it fulfills the requirements sion s Among the roads whose representa- tives saw demonstrations are the Baltimore and Ohio, Pennsylvania, Central Railroad of New Jersey, Richmond, Fredericksburg and Poto- mac, Norfolk and Western, New York | Central and Delaware, DHckawanna and Western. R. H. Cummings is general manager of the Richards corporation. \ COMMODITY NEW ¢ WIRED STAR FROM ENTIRE COUNTRY DETROIT, February 13.—The Ford company has just established its fifth South American branch at Pernam- buco, Brazil. The new assembly branch at Memphis also has been opened with a capacity of 300 cars a day. PITTSBURGH, - February 13.—Open hearth sheet bars still are scarce and prices now being quoted are for Bessemer grade. The leading pro. ducer of open hearth bars is sald to have scaled down its largest customer 40 per cent on its weekly require- ments. DENVER, February. 13.—The Great ‘Western Sugar Company has rejected a démand from co-operative beet growers for an advance:in the price to growers and announced the 1925 contracts will carry the same sliding scale as those of 1924. PHILADELPHIA, February 13.—The worsted yarn market is steady, with prices firm, although still below re- placement costs. Little improvement is shown in the demand for yarns for the knitting trade. SAN FRANCISCO, February 13.— The Southern Pacific Railroad is about to put Into commission the final two mountain type locomotives built by the American Locomotive Company. The new engines are the largest ever used in the West. The Southern Pa- cific has just placed an order for what is said to be the largest locomotive ever built with an approximate trac- tive power of 90,000 pounds. C., FRIDAY, FEBRUARY 13 DEALTAKESINGD COTTON OL LS Syndicate to Pay $8,875,000 for Southern Firm After Owners’ Approval. By the Assocliated Pres: NEW ORLEANS, February 13.—It was authoritatively learned here last night that purchase of the holdings of the Southern Cotton OIl Company by a syndicate represented by R. Hecht, president of the Hibernia Bank and Trust Company, and A. D. Geoghegan, president of a string of mills operated by that company, for $8,875,000, was nearing completion. Eighty of the cotton oil mills of the company scattered throughout the South will be turned over (o the syndicate, if the Federal Court of New York district decides the amount is a fair appraisement, it was sald. Federal Judge Ruynon of the New York district was said t have or- dered the stockholders of the com- pany to show cause February 24 why the property should not be trans- ferred at the stipulated price. The Southern Cotton Oil is @ subsidiary of the Virginla-Caro- lina Chemical Company and has out- standing $10,000,000 of stock, which, it is said, will pass to the syndicate. Both companies have been in the hands of Federal receivers for sev- eral months, DEARTH OF WoOL SERIOUS IN LONDON High Prices Have Brought on | Buyers’ Strike—New Cut in Offerings. By the Associated Press. LONDON. Februa of wool supplies here is serious, and the difficulty was increased yesterday by receipt of a telegram from the National Council of Wool Brokers in Melbourne to the London Wool Mer- chants' Association saving it had been | decided to reduce the offerings 50 per cent from February 23 The Daily Mail quotes a leading london dealer as saying that British manufacturers are unable to pay the highest prices demanded and that at the January sales there was what amounted to a buyers' strike. The manufacturers are now working on diminishing stocks and when these are exhausted must pay whatever the growers demand. Prices in 1924 steadily increased, the advance varying from 35 to 57 per cent. An Australian clip of 2,000,000 bales fetched before the war £26,000,- 000. The growers expect to obtain nearly £70,000,000 {n 1925, K PIGGLY WIGGLY'S NET PROFITS ARE $192,544 Company Now Has 469 Grocery Stores—Directors to Meet in Alexandria, Va. By the Aswociated Press. MEMPHIS, Tenn, February 13.— The Piggly Wiggly Stores, Inc., earned a ey Brofit of $192.544 on 1ta assets of $8,442,813 durin 2 et & the year The company's stores did a busi- ness of $28677,400 during the vear. They now operate 469 groceries, 54 meat markets and 8 vatiety stores in more than 50 cities. The annual election of directors will be held in Alexandria, Va. February 24, it was announced, and the election of officers will follow. LESS LUMBER SHIPPED. Week's Summary Shows Slight Curtailment in Trade. indicated by reports from 366 large commercial lumber mills dis- tributed over the principal softwood regions of the United States, the week ending February 7, says the National Lumber Manufacturers’ Association, was somewhat subnormal in the lum- ber industr: Production, shipments and orders were less than the week before and still less than for the corresponding week of 1924, although the apparent differences in the latter case are reduced by the fact that 15 fewer mills reported in 1925 than in 1924, The unfilled orders of 246 South- ern Pine and West Coast mills at the end of last week amounted to 663,418,861 feet. as against 666.725,- 589 feet for 246 mills the previous week. - PIERCE-ARROW’S NET. NEW YORK, February 13.—Pierce- Arrow Motor Car (‘0. reports net in- come of $751,060 for 1924, equal after prior preference dividends to $6.28 a share on the 8 per cent cumulative preferred stock, on which dividends have not been paid since March, 1921, In the previous year net was $372,- 712, or $2.78 a share on the preferred, Ll e FINANCING ey 2% v Unlimited Funds Available FRED T. NESBI Investment Building . 9853 JOHN JOY EDSON, President Organized 1879 Company | ¢ 13.—The dearth | on| 1925 GERMAN stoccs Bought—Sold—Quoted Full New York ana Beriin Market Received Daily Send for Special Market Latter Peter Whitney 203 Investment Bldg. Teiephone Franklin 3978 ~ Money to Loan Secured by first deed of trust on real estate Prevailing interest and c ngeph I. Weller 20 W = __Blog.. 9! FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F St JOHN POOLE, Prestdent FROM $50 TO $100 Can Be Obtained by Using Our Certificate of Inventory, Appraisal and Titl CHATTEL TITLE COMPANY 805 Fifth 8t. N.W. Departmental Employees “Your Bank” Will lean you One Hundred Dollars to start a Four Per Cent Savings Account Write or call for further information THE DEPARTMENTAL BANK 1714 Pennsylvania Avenue Governmenat make plans that will free them from worry in later years. Ask for our spe- cial booklet about the most secure and satisfactory method of saving and in- vestment that can be de- vised. Tt will cost you nothing to obtain the book, and there will be no obligation. Mortgage Investment Dept. [SHANNON & LUCHS| 713 and 715 14th St. N.W. Main 2345 Smith Bonds are Safe Bonds FXFTY-TWO years of proven safety--of prompt payment + of principal and interest--are be- hind the first mortgage invest- ments sold by The F. H. Smith Company. 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