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FINANCIAL, PRICES OF MEATS HIGHER HERE TODAY Eggs Again Cent cr Two Lower at Wholesale—Po- tatoes Are Also Cheaper. Beef ther tuday. went eggs came down Center Market live stock Kets. ip and at wholesale Bu hanged i Today's Butter ast er, poultry and Washington ma Pri 50 ; prints, 52 Wholesale tub, iney andled, 324 aver Pou 16 chick Spring ; duck ach Fresh-killed e S $0a15 ; ducks, . 40a45, dves Sa9 ssed 132 ; fowl 428 choice, lambs, 13: me- Spring, lamb /28 4al6 25; hams, 23; 15a16. shoulders, Fruit Vegetable Review. ¥'s market report on fruits and compiled by the Market Bureau of Agricultural 1 steady s irginia and West Virginia, A hes Black Twigs, fair color, 6.50a7.0 slightly scalded, 6.00; Yo A 2 inches u 6.00a 6.50; = 4.50a5.00 A 2% inches up, Yorks, 4.25a4.50; Stay- mans, 5.00a5.50; boxes, Northwestern medium large extra fancy Winesaps, 4.0024.50; mostly 4.00: Spit &S d Staymans, 0a 3.7 mostly moderat duil and slightly New York, bulk, few sales 30.00 14-bushel ham- sonie ordinary bulk, pev demana Mar ed; market me poor color enbe Dell. Cabbage mand light weaker; old yer ton, Da new stock vers, poi quality ton, flat Celery Supplies de- stock sh Florida, 1 ted type, 1.50 low as 1.25: Texas, type, 6 0 Supplies 10-inch crates, few low ght t fairly 4-6 4.00; demand steady; dozens, 10 moderat Floric 4.2 dozens, Lettuce mand 1 perial few 3.75 £.00, moderate; de- oderate, market steady; type, California, Im- 6 dozens, mostly 3.50, 25a1.50; 4 dozens, ona, 5 dozens, Sup Valley, 5 dozens, 4 4.5024.75, f 00} fair qu 4.00; Florida, 2-dozen crates, big Boston type, best, 2.50; 1 car Florida express refused Onions—Supplies moderate; demand mode steady; New York 100-pound sacks, vellows; um to large sizes, some fair quality and as 3.00. Potatoes Are Cheaper. Potatoes—Supplies heavy; moderate slightly Michig 150-pound sacks, Russet Rurals, 0. 1, mostly 2.35 per sack; N rork, 150-pound sacks, round whites, U. S. No. 1, 2.15a2.25 per ok Spina mostl conditi demanad weaker; liberal; demand h—Supplies market fairly steady; Texas, Savoy, 1.00a1.25; Vir. Section, barrels, Savoy, 3.00; ordinary quality, fair 2.00 qualit Tomatoes—Supplies moderate; de- mand moderate, market steady; Florida, sizes ripe and turning wrapped originals fancy count, 4.50a 50, few high as 6.00; choice count, 3.0004.50. Cauliflower fornia cra best, 2.50a2.75, String beans—Supplies very light; demand good for good stock, market stea Florida, 7-bushel hampers, green, fafr quality, 5.00a6.00; poor quality low as 3.50. Squash: plies light; demand good for good stock, market firm; Florida, pepper crates, white, 6.00a Cucumbers—Suppli very light; dem i d, market firm; Indiana, ho dozen boxes, fancy, Eggplant—Suppli lerate, steady; Florida, pepper crates, 25.00. rs—Supplies light; ad limited; de- dy; Cali- »plies rket st 2.502.75 light; demand demand pepp fancy, fair quality, 3.00a4.00. Peas and struwberries—Supplies light, too few sales reported to Carrots moderate bushe Supplies moderate; demand arket steady; 1.75 narket el baskets, GRAIN moderate; den ;- Ta and te AND PROVISIONS. February 25 (Spe- . per 100 pounds, sweet potatoes, barrel, 2. yams, barrel, 4.00a5.00; beans, hamper, 5.00a6.00; beets, crate, 1.50a 2 broceoli and kale, bushel, 50a60; brussels quart, 10a20; cab- b ton, 10.00a16.00; savoy, bushel 100, 5.00a7 caul spro 0024.00; ¢ 1 ettuc pounds, 2.50a3.00 8.06210.00; hamgy crate, 2.0043.00 100 100, 5a40; basket onions, oyster plants parsnips, basket, 1.00a5.0 Dpeppers, spinach, bushel, 50a 3.0024.00; toma- ; turnips, basket, squash 60as5. b 1, 1.00a2.25 83.00; berries crate barrel, grapefruit oranges, box quart, 25a40. 3.50a7. box, 2.00 1.25a5. straw- Selling Prices at Noon. Wheat . 2 red Winter, spot yort, no q No. 2 red Winter. spot, dor nominal; No. 2 red Winter, iestic, 1.917%, No. Winter, no quota- ex- 5 red do nominal tions. Sales—None -Cob, new barrel; vellow, spot, 6.50a track corn, yellow, None No. 2, 6 Nearb, 1.63. Receipts, tons. Receipts of good hay of both timothy and light clover mixed are light, and prices are well sustained under a fairly good demand. Low de, inferior and damaized hay has no settled market value and 1s dull Quotations to 20.50a21.50; No. : No 1.30a1 6015261 50; No. 2 ry 107 1y—No. 1 timothy, 2 timothy, 17.00a19.00 No. 1 light clover, mixed, 19.50a20.00 No. 2 clover mixed, 17.00a18.00, Straw—No. 1 wheat, 16.00a17.00 per ton; No. 1 oat, 16.00a17.00; No. 1 straight rye, 18.00a19.00. STORM COST $107,000. BALTIMORE, February 25 (Spe- cial).—The snowstorm of January 2 cost the United Rallways and Elec- tric Company, which controls the trolley tem of Baltimore, in ex- cess of $107,000, it was stated in the January report of the company just filed with the Public Service Com- mission. FURS WORTH $1,707,834. The value of furs, exclusive of fur keal, shipped out of Alaska for the calendar year 1924 amounted to $1,707,834, according to figures just compiled by the Biological Survey, United States Department of Agricul- Lure, Spring | Texas, | , Received by Private Wire BY WILLIAM F. HEFFER? NEW YORK, February demand at advancing prices for Con- tinental Baking class “B" today was In response to the report that a new combination, to be known as the Em- pire Baking Co., is being formed by Continental and' Ward Baking inter- ests. It is understood that the mer- | ger will include about 25 plants at the outset. . Continental Baking class “B" was carried more than Points above the previous closing | figure before the demand subsided | Switching from oils to other parts of the market caused declines in this auarter, but this was no decided weakness. An exception to the g eral tendency was Gibson Oil, which 25.—Urgent |ing is an official list of bonds and stocks traded in on the New York Curb market today: Sales in thousands. 54 ALl 1 Alu 23 Am 5 Am Am Am 7 Am BONDS, ers 75 new '33 ias & Elec 8s & E 6% new wi et_Sugar Gs BALG & W 1 Beaverbosrd 6 Bell Tel Can 4 Beth Steel Ts Nat Ry 3 5 Can Nat Ry 41} nt Leather 6 8 10378 110% 91 1814 D12 116y ery Ss B .. Po & Lt 8% s Balt Bgs D 1 Cons Textiles 85 3 Ouban Tel 7% D104y 9830 101 1013 . 10810 102 104 101% 1022 10614 d Sugar 6s 33 ir Robt Ts . i 1015, 1081, 10175 10 101% i 10135 106 02 9615 101 1081 Grand Trunk 6igs Manitoba Pow 7x Morris & Co Tihs National Leather 8 1 New Or Pub Ser fs North St Pow 6 No St P M 3 1 Ohio Power 5s 24 Pub G & B Co 548 Pure Oil Co 6 (0 20 Stand Gas & F1 65 8 Sun Oil 3% 18 Swift & Co 5 Thyssen Wk 20 Union Ol Cal 4 Vacuum Ol 7s. 1 Wabash 5i3s wi 3 Webster Mills 6} 11g FOREIGN BONDS. 13 City of Bogota 8s.. 93% 42Est R R Fr Ts wi.. 8 80 French National 7x. 86 26 In Mtg Bk of Fin 78 95 5 In Mtg Bk Den 6s wi 9915 5 Krupp_ Fried s 943, Rep of Peru 8s "32.. 1001 Russ Gvt 614s na of 141, Swiss Govt o . 10: Swiss Govt 3s. 100% 1005 57 Siemens Hske Ts 9% 961 Salesin STANDARD OIL ISSUES, units 100 Anglo Am Oil ...... 100 ‘Atlantic Lobos 10 Buckeye P L . 100 o . 60 Gal Sig Oil pr 1300 Humble Oil & R. 30 MP T 5 1200 Tmp Ol Cen ne 530 Intl Pet Co Ltd 20 Magnolia Pet 60 Nat Transit 500 Ohio Oil ... 300 Penn Mex Fie 1500 Prai Oil & G = ) Prairie P L........ South Pean 01l 5400 8 O Indiana 400 S 0 Kansas S 0 Kentucky 008 0 N Y 08 Q 5 0 S O Ohio pfd. 500 Vacuum Oil 107 96 101% 10714 051 8733 & 41, 9015 943, a5 1313 102 1915 Sales in INDEPENDENT OIL STOCKS hundreds, 3 Am Mara 4 Carib s 18 Cit Ser new wi.. 41 Cit Serv . 1cit Serv p Cit Serv R 17 Columblan Synd 38 Continentul ynd_ . 50 Engineers Pet Washington Stock Exchange. SALES. 20"yathinston Gas Light—10 at 38, 10 at 58, Washington Rallvay and Electric 10 at 1018, 10 at 101%, 5 at 101% Merchants' Bank nd Trust Co.—i0 at 136, 10 at 136, 10 at 136, 10 at 13 Laaston Monotype 10 at 9%, 10 at 791, 10 com.— 10 at 136, Vi, AFTER CALL. Lanston Monotype—10_ at 7913, 10 at 7914, 10 at 793, 10 at 108 Capital Traction Co.—5 at 921x. 2 at 9215 ashington Railway and Electric pfd.—10 at_807. Washington Gas 55—500 at 9915, Washington Railway and Electric g. and 33—500 at 10132, 500 at 1013z, 4,000 40 at 3, 10175 National Metropolitan Bank—2 at at 292, b Capital Traction 55500 at 90. Washington Gas Light—24 at 577 Capital Traction Co.10 at 928 Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Asked. Am Am. Tel. & Tela. 435,02 700 Am. Tel. & Tela. col. tr, 5s.... 100 Am; Tel. & Tel. conv. 8s. Anacostia & Potomac 5s.. Anacostia & Potomac guar. s.. C. & P. Telephone o : O. & P. Telephone of V Capital Traction R. R. Bs. City & Suburban 5. town Gas 1st c Elec. Ist 91 9% Washington Gas ox.. Washington Gas 6 Rwy. & Elec. Wash, Bw. & Elec. gen. MISCELLANEQUS. D. 0. EADEr, s 2. ihestoc el 8D Pot. Joint Stock L'd Bank 5s.. 101 Riggs Realty os (long).. Riggs Realty 5s (short) Southern Building 6%s.. Wash. Mkt. Cold Storage 5s.... 93 Wardman Park Hotel 6s........ 10 STOCKS. PUBLIC UTILITY, & Tela . 133 Pract ton Norfolk & Wash. Steamboa ash. Ry. & Elec. com Wash. Ry, & Biec. pfd.. Terminal Taxi com.... DISLEICE ~vecoocraesincn Farmers & Mechanics Federsl-American ..... Liberty ....o- Lincoln "0 20 000 National Metropolitan Riges e Y R National Bank of Washington.. TRUST COMPANY. American Security & Trust Contirental Trust Merchants' Bank National Savings & Trust.. Union_Trust. Washington Loan & Trust SAVINGS BANK. Commerce & Savings Washingto curity Saviogs & venth Street..... ited States........ Washington Mechanics FIRE INSURANCE, American ... ... 225 Gorcoran i Firemen's 20% National Union... 17 TITLE INSURANCE. Columbia_ Title.. Real Estate Title . MISCELLANEOUS. Merchants’ Transfer & Storage. genthaler ............ fonal Mtg. ‘& Tnvestment 0ld Dutch Market com 0ld Dutch Market pfd Lanston Monotype. Security Storage.. Fashington Market.. *Lx dividend. NEW YORK, February 25.—Follow- | THE EVENING STAR, WASHINGTON, D. C, WEDNESDAY, FEBRUARY 25, 1925. NEW YORK CURB MARKET Direct to The Star Office reached a new high record in re- sponse to optimistic remarks of the president regarding developments in the company’s territory. Mining shares commanded & promi- nent place in the operations of the day. Favorable reports from officials of the mining industry concerning the development progress at the Kay Copper mine was reflected in further heavy buying above the 2 level. A feature in the radio group was the runup around 12% in Rova Radio in anticipation of an early announce- ment concerning terms of the pro- posed merger. Trading started in Advertising class A issues. mon opened at the new Outdoor The com- Federal 0il 3ibson Ol Corp. Noble Ol & Gas N Y onl Whio Fuel Corp Red Bank 5 Royal Can O Ryan Con.. Salt Creek Prod 2 1 Osage Ol Venezuelan Pet Wilcox 0l & Gas.. W Pet 3 08 INDUSTRIALS. ck Power. 36 K Tw prd 100 k P 7s pf 99% Allied Pack new 1 Am Gas & Ei Superpowsr Superpower B Pow & Lt.. Arm & Co A vte wi 2315 Armour & Co pfd.. 001 0 Co ..., id5% Con Miils & Broussonanit . Rrit-Am Tob Cou RBrit.Am Tob C Reg Bkiyn City R Rt Car Light . Cellulotd Co Centrit Pipe Cor Chapin Sacks & Co Chatterton & Son . Childs Co new ... Common Tow Cor.. 1151 Common Po Cor pt A114 Consol Gas Bal new a5 Conti Bak A . Couti Bak B Conti Bak pfd Cuba Co ....... 5 Curtiss Aero’ Motor De For Radio Co vte Dubilier C & R .. Dunbill Intl Inc .. Durant Mot ...... Duplex O & ® st Du_ Pont Motors . e T Uy 1 Bo & §h pfd .. 108 ec B & S new cor vestors Tne. Federated Met Film Inspec 87y 1% i o a0 B4 Gillette 8 R.... Glen Aiden Coal... Goodyear Tire Grennan_ Bakeries. . Grimes S s Hazeltine Corp Imperial Tobacco.. . Int Mateh Corp pfd Inter-Ocean Rad Int Utilitles B.... Keystone Solether. . Kelvioator wi...... Lehigh Pow sec... Lehigh Val Coal . Val Coal N € Lib Rad Ch Stores McCrory St war Mengel Box . Middle West Tea Co ... Tel Co pfd Plate new wi . 4 Nick Pl nw pfd wi 871 Nor States Pow.Cor 108 Nor Sta Po Cor pfd Omnibus Cor v t c.. Paige Motor .. Pow Secur Cor . Pow Cor N Y . Pratt Lambert wi. Pyrene Mfg ... Reid T O Reid I 0 pfd Reo Mot Rad Cor tr ot Seagrave Cor . Shattuck F 5 Sleeper Ra Cor vt & South Cal Bdi pf B Spear wi ... d Pub Co X . Tenn EI P 2nd ‘pid Thermiodyne Ra O United Pft Shar.. U'S Lt & Heat.. Warner Bros Pict.. War Bros Pic A wi Western Pow Wh R M S new Wickw Sp St Co wi. MINING. Arizona Globe Cop .28 Beaver Cons . 82 Canario Copper Cons Cop Mine Cortez_Silver ..... Diam Black Butte. Dolores Esper ..... Emma_Silver Eng Eureka Goldfield Develop. . Goldfield Deep Min Gold State Gold Zone ...l Harmill Div . . Hawth Mines In Hollinger . Hecla Mine Howe Sound nw vic b Cons ... <ay Copper Cor] 3 Kerr Lake 2 20 Lon 415 Nipissing Ohio Oop 2 Plymonth Red Warrior ... Silverdale pearhead Gold Standard Silver Id . Tonopah Belmont . Tonopah Extens Tonopah Min . United Verde Es U § Continental Utah Apex Walker M Wenden Copper West End Consol West Utah BUSSES MAY REPLACE RURAL CAR LINES Special Dispatch to The Star. : BALTIMORE, February 25.— The motor bus is here to stay. It will be a vital factor in transportation in the future and will cause aban- donment of electric railway lines in rural sections. This does not mean substitution of busses for street rail- ways in large citie; These statements were made by R. Paul Smith, general manager of the Potomac Edison Co., operator of electric railways in western Mary- land, and of the Blue Ridge Trans- portation Co., at the third annual convention of the Maryland Utilities Association here yesterday. Experi- ence in many cities has shown that the motor bus is not adapted to handling mass transportation, Mr. Smith said. Its effective use must remain in the rural sections rather than in the centers of population. Addresses _were made by Gov. Ritchie, W. B. Plerce of the General Electric Co. and Prof. A. Christie of Johns Hopkins University. About 15 per cent of all positions in the United States Civil Service are filled by women, ASK GORE T0 PROBE TRADING IN COTTON Growers Charge Sweeping Move to Depress Spot Prices in South. BY J. C. ROYLE. Southern cotton growers have taken Steps to induce the Secretary of Agri- culture to investigate possible manip- ulation of the cotton market. The growers involved assert that there is a tremendous volume of cotton being held in New York, and that this is being used to depress spot prices in the South, so that the commodity can be bought cheaper in that region. The stocks maintained in New York, §t is charged, total some 224,000 bales. A large amount of thls cotton has been certified by Government In- spectors, and most of it grades mid- dling and above. It is, however, s0 short in staple—barely % inch—that domestic mills do not want it. The planters state freely their belief that the sole purpose of keeping this cot- ton in New York, at a cost of around $250,000 a month, has been to depress March contracts, so that its owners can buy spot cotton In the South cheaper and to manipulate the mar- ket for futures. Based on New York Prices. Nearly all purchases of spot cot- ton in the South are based at present on quotations for March contracts in New York. It is obvious that by de- pressing March artifically spot houses can buy spot cotton in the South $5 to $10 a bale cheaper. It is ex- pected that the bulk of this 224,000 bales of undesirable cotton will be tendered here on March contracts be- fore the end of February. A large part of the March short in- terest is being transferred to May, and longs say the proceeding with the 224,000 bales stored here will be repeated - with that option unless something is done to bring future quotations here to an equality with spot quotations in the South. Cotton houses fn the South report the de- mand for spot cotton from all over the world has been so persistent and heavy that the price has risen despite depressed quotations for March in New York. Ask Secretary to Act. Attention of Southern legislators In Washington has been called to the fact that the Smith-Leever bill was drawn and passed for the expres purpose of preventing the accumula- tion of undesirable grades of cotton in New York, to be tendered on con- tracts from month to month, because of the depressing effect on prices of such practice, and that under the pro- visions of the bill it is the duty of the Secretary of Agriculture to see that this is not done. The planters want the Secretary to call on the president of the New York Cotton Exchange for an explanation of the difference existing between quota- tions for March cotton in New York and spot prices in the South Government Reports Scored. Efforts to prevent the bi-monthly reports of the Federal authorities on the cotton crop have made little prog- ress, but there has been no change in the bitter opposition of growers to the frequent publication of Gov- ernment figures. They say the figures have been misleading and have had a most unfortunate influence on the in- dustry. One statisticlan has compiled a summary of the Government figures from 1915 to 1824, showing that for those 10 vears the figures indicated 2,082,221 bales more cotton distribut- ed, used and in stock than ever were produced. In the that South it is freely assérted some of the difficulties of the New England textile mills are due to the fact that they were on the short side of the market In 1924 and did not buy cotton at the most ad- vantageous times and prices. PORT BUSINESS DROPS. Both Exports and Imports Slump at Baltimore. Special Dispatch to The Star. BALTIMORE, February 25.—Im- ports and exports through the port of Baltimore Jast week showed a decrease compared with the previ- ous week, according to the report of Collector Holtzman. Imports for the week totaled $2,225,- 314. Exports amounted to $1,539,653, compared with $1,634,376 the previous week. TURN IN WOOL OUTPUT. The American wool clip last year was 238,530,000 pounds of fleece wWool and 43,800,000 pounds of pulled wool, says the Department of Agriculture. The preceding year's clip was 224,- 330,000 pounds of fleece and 42,600,000 pounds of pulled wool. The 1923 crop, the Department added, marked the end of a decline In production which began in 1909. EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. SAFEGUARDS AROUND FOREIGN LOANS, An important step was taken the other day by the New York Stock Exchange for the protection of Amer- icgn investors in foreign government loans. Trading in these securities has now reached the largest total in the history of the country, and new issues are being added almost weekly. As this is being written it is esti- mated that the amount of new loans which foreign states are asking may reach $2,000,000,000. Some of these requests undoubtedly will be denied by the banksers, but many of them will be granted, and the securities will be offered to the American in- vesting public. This unprecedented increase makes it all the more important not only to the individual investor, but to the in- vestment -banker that every precau- tion be taken to eliminate doubtful loans. At the best there is and will be risk connected with these invest- ments in foreign securities. This risk can and should be limited, however, and that is what the Exchange is planning to do through the new set of requirements it has drawn up for the listing of these new foreign bonds. 5 The intention is to make available to investors all the pertinent facts re- garding the borrowing country's finances. The questionnaire includes mnot only a statement of the present debt, internal and external, but a record of the facts as regarded to previous borrowings. A foreign na- tion, which wishes hereafter to have its dollar bonds listed in this country will have to tell just when it de- faulted on any previous issue, if ever, and when, if ever, there has been any scaling down of Interest payments or suspending of sinking fund require- ments. This is not only fair, but is what is asked of the corporate or individual borrower when he comes into the STEEL PRODUCTION | HOLDS UP WELL Evidence of Much New Buy- ing Is Noted—Price Levels Remain Unchanged. By the Associated Press. NEW YORK, February 2 duction of steel in the Pittsburgh area continues at 85 per cent,” Iron Age says. “As the West can absorb twice the output of the plants of that region it is not so surprising that bookings, as for example, bars, are in excess of three months' Sut- put, but that the East can maintain its pace when it is making two and a half times as much steel is indirect evidence of the steady flow of specifi- cations on contracts. There Is no evidence of stock accumulation -ex- cept in jobbers' hands. Generally some inroads are being made on un- filled orders.” For the fourth successive week the Iron Age composite prices are un- changed, pig iron being §22.50 per ton and finished steel 16 cents per pound. Both are lower than they were cither one year ago or two years ago. WESTERN MARYLAND RY. SHOWS IMPROVEMENT Best Months—Operating Rev- Make Gain. Special Dispatch to The Star. BALTIMORE, February —The Western Maryland Railway reports a gain of $65,4 in net income for January, the first for many months Another encouraging feature of the statement was the decrease of only $4,800 in operating revenues, the smallest reported for more than a year. The largest saving in expenses was in the transportation item, which was reduced $57,619.01. The operating ratio was 71.18 per cent against per cent in January, 1924. January Report in Many enues DOCK SURPLUS GROWS. NEW YORK, February 25.—January surplus of the New York Dock Co shows an increase to $42,091, com- pared with $35,188 a yes First Mortgage Real Estate Bonds Booklet on Request Bay Crest Hotel Co., Inc. 912 15th St. N.W. FROM $50 TO $100 Can Be Obtained by Using Our Certificate of Inventory, Appraisal and Title. CHATTEL TITLE COMPANY 805 Flfth St. N.W. funds on hand to put out in first trust loans. Let us have your application. Lowest rates of interest and charges very moderate. Moore & Hill, Inc. 730 17th St. N.W. Member Washington Real Estats Board BONDS GERM STOCKS Bought—Sold—Quoted Full New York and Berlin Market Received Daily Send for Special Market Letter Peter Whitney 203 Investment Bldg. Telephone Franklin 3978 FINANCING : FRED T. NESBIT Investment Building M. 9893 WE BUY | First and second trust real estate notes secured on in- come-producing real estate in Washington, D. C. Construction Loans Made at a reasonable Rate Real Estate Mortgage & Guaranty Corporation 26 Jackson Place N.W. Resources Over $2,000,000 L.E.BREUNINGER, President our FIRST MORTGAGE S e G First Mortgage Bonds On Income-Producing City Prop- erty of General Utilization— The highest type of investment + known. 4 Now Offering: 20-Year 6157, Sinking Fund Gold Bonds, Roger Williams Apart- ments, Providence, Rhode Island. Union Discount Company, Inc. NEW YORK Philadelphia, Boston, Albany, Newark, Hartford 30 Southern Bldg., Waskington Main 3177 1,000-Acre Pocahontas Coal Lease FOR SALE Contains four proven seams above drainage on N. Raflrond, McDowell Counts, West Virginia. Non-union field. Can start operating with small amount of capital, as good part of develapment has been done. PFifteen-cent royalty; small minimum. = No camp needed; plenty of local labor. Just the thing for retail desler who wants to mine his own Smokeless. Address Box 13Z, Star office. 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 Governmeat T Bupervision FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F St. JOHN POOLE, President Loi Angeles Gas and Electric Corporation non-callable 69}, cumulative Preferred Stock Dividends have been paid regularly on all Preferred stock since issuance and on the Common stock for over 30 consecutive years. Balance of $4,452,403 avail- able for Preferred dividends is over 5.25 times annual re- quirements, Price 92.50 and dividend Yielding 6.50% E. H. Rollins §z Sons Founded 187 416 Woodward Bldg., Washington Boston, New York, Philadelphia, Chicago, Denver, San Francisco MILLIONS | INVESTED | WITHOUT | LOSS— Would You Consider This a Good Record? Well, It’s Ours. | Not a Loss In Our First Mortgage Investment Department Since We Have Been Established. , This enviable Record Shows The High Degree Of Safety That an Investor May Enjoy ¥ | When He Owns | Our First Mortgage Notes. Mortgage Investment Dept. SHANNON: & LUCHY| 713 & 715 14th St. NNW. Main 2345 In 48 States and 30 Foreign Lands every State in the Union, and in 30 countries and terri- tories abroad, investors now have the perfect satisfaction of Smith service and the proven safety of Smith Bonds. Our first mortgage investment record--no loss to any investor in 52 years--has resulted in world-wide recognition of the fact that Sy SMITH BONDS are 6%2% INVESTMENTS You are assured due precaution has been taken to safeguard your interest. A per- sonal inspection and conservative valuation are two of our strict requirements. Prompt and courteous serivce follow the purchase of our securities. Notes now on hand in amounts of $100 up. Send for Booklet CHAS. D. SAGER Loan Department 36 market. Detailed answers to those questions do not in themselves assure safety, but they do make it certain that investors shall not loan their money without clearly understanding the nature of the.commitment. (Copyright, 1825, by Consvlidatcu Press.) M. 37 38 924 14th St. N.W. Mr. O'Donnell, Manager Mr. Hughes, Assist. mith Bonds are Safe Bonds.” 77 sold in $1,000,§500 and 05100 denominations, outright or under our Invest- mentSavingsPlan. Every partial payment earns the full rate of bond interest. No Low to Any Tnvestor in 32 Years_ No. TheF. H. Smith Co. Founded 1873 FIRST MORTGAGE BONDS . ‘Smith Building, 815 Fifinfllth'st. ‘THE F. H. SMITH COIDA:Y Piease send e afsmmarion sbout Smith Bonds paying 7%. 1 FINANCIAL. Secured by nrst deed of trust on real estats ph I Weller 420 Wash. L. & Trust Bidg., 9th & ¥ N.W. ' Money to Loan First M Prompt Action ortgage Lo-ns Lowest Rates of Interest and Commissict Thomas J. Fisher & Company, In.. 738 15th Btre —protected by from BOSS ano 1417 K Street NW First Mortgage Notes Washington real estate, and bearing current rates of in- terest, may now be obtained LOAN DEPARTMENT W. L. KING, MANAGER valuable PHELPS Main 9300 JOHN JOY EDSON, President Organized 1579 .. $4,942,132.658 “Economy is one of virtues. Savers. Equitable Co-operative Building Ass’n Subscriptions for the 88th Issue of Stock Being Received It was Abraham Lincoln who said: the It begins by saving money.” Join the army of Equitable Systematic 915 F Street NNW. FRANK P. REESIDE, h YEAR COMPLETED Surplus .. ..$1,317,011.44 Sec'y highest Refinancing 735 15th St. N.W. Large Loans Available %% Interest Insurance Company Loans Long Term Financing Building Loans Weaver Bros., Realtors Main 1821. for LOANS on Located in the 3: ' 912 15th Street N.W. APPLICATIONS INVITED IMPROVED PROPERTY District of Columbia and adjacent Subwrbs in Montgomery County, Md. INTEREST 541 pply vo H. L. RUST COMPANY LOAN CORRESPONDENT ©he PRUDENTIAL INSURANCE COMPANY of AMERICA Po Main 6888 Quarter of a Century Without a Loss, Main 2100 INVESTMENT —are known by the customers they serve—and keep. This Company takes pride in its customers—men and women —firms and corporations—who have investigated its securities and who have found satisfaction in the safety and liberal interest return afforded. Their patronage is proof not only of stability and conserva- tive management, but also of an ability and a readiness to serve. B. F. SAUL CO. HOUSES 925 15th St. N.W.