Evening Star Newspaper, February 28, 1925, Page 15

FIN ANCIATL." PRIGES HOLD FIRM AT CENTER MARKET Lamb, Hogs and Shoulders Hit Higher Here at Wholesale. g&s remained stationary cet on the last day of was very litte change hange in livestoc shoulders took pri Today's Wholesale Prices. prints, and tub, 47a30; ted, candled, 32a roosters, 16; Spring ng Winter chickens, 9; ducks, ich: geese, ! killed Spring chick- ters, 19a20: fowls, 28 10445; ducks sons, 40a45. Wlves, choice, m. lambs, Spring, Vegetable Review. market report on ihies, compiled by the ce B Fruit and ireau of demand Mary- Virginias Twig inches rrels P, thwest supplies light rted; new up- mand limited, mar- rida, 11:-bu. hampers. pointed type, 1.75; few fair low as 1.40; Texas, no sales stock; es moderate; demand Florida, 10- 4.00a4 i oderate: d steady market California, $.505.60; 5 do mited cady demand ew York ks, Yellows, U ge sizes, most ordinary cond ies mod- acks, Ru 2.30a2.40 per sacks, Ro 1.00; THE EVENING NEW YORK CURB MARKET BY WILLIAM F. HEFFERNAN, NEW YORK, February 28.—Selling of radio stocks and bidding up of a few selected speclalties were the out- standing Incidents at the close of the Wweek in the curb market. Offerings of Freed Bisemann continued to have a depressing effect upon the stock, which sold at a new low under 14. This represented liquidation by tired holders who had become dis- couraged over failure of directors to do anything regarding a distributio to stockholders. Ware was offered freely around where it with the previous closing of 21%. NEW YORK, February 28.—Follow- ing 1s an official list of bonds and stocks_traded in- on New York Curb Market today Sales in BONDS thousands. 3 Allied Packers 6s .. 5 AllledPackers Bs.. 5 Alum 7s 25 .. 5 1 Am Gas & Ei 6 0 8 Am Beet Sugar .. 13 Am Pow & Lt 1 Am Sumatra To 3 Am Tiread (o 6s.. 4 Anacondn 0s Anglo Am 011 Asso Sim Hard 6158 A G & WIS Beaverboard 8s . 7 Bell T C b8 4 Can Nat Ry 24 Cent Leather Childs “Co 68 Migh. Low. s215 3% 68 wi o « ¢ Cons Gaw Bal 558 B 10213 4 Cons Textiles 8s S0 9 Cudaby 33as. 94 1 Detroit Cify Gas 65 1085 18 Dunlop Tire & R s 10313 1 General Pet 6s..... 1018 5 Grant Trunk 6lys... 1083 8 Gulf OIl Corp Bs... 99ig 7 Lehigh Power 6s. 1015 2 Lig Win Lig r e_7s. 10 1 Manitoba Tow 102 Morris & Co 7Tis... 104 Mid € 68 wi 9 1 Nat Leather 85 1 X Orl Pub Ser 5a 15 N St Po Min 638 7 Ohio Power 5s B @ Penn Pow & Lt.0 Pub G & E Co 5! 16 Pure Oil Co 6%:s 1 Shawsheen 78 .. 2 Sloss-Sheff 6s..... 1 Stand G & B 8ias. 1153, 10 8 0 New York 8138 m"*. 48 Sun Oil 5ise 16 Ewiftt & Co bs. 1U'S Rubber 6%a 65 88% FOREIGN BOND: 40 French National 18 Est R R of Fr 7s © In Mtg Bk of Fin 7s 93 7 King of Neth 6s ‘54 108% 4 Krupp F. 048 3 Rep of Pery § 100t 1 Solray & Co s '34 B 1015 STANDARD 0IL 700 Anglo Am Oil 200 Atlantic Lobos 10 Buckeye P L 20 Cumberland P L 700 Humble Ol & R P oo ans 1400 Imp O & 20 Ind P L . 5 3900 Intl Pet o Ltd 100 Nat Transit 20 Northern P 200 Ohlo 01 . 200 Pean Mex Fuel ... 1000 Pral 01l & G new 80 Prairie P L : 10149 108 In ISSUES 1915 3 10 Solar Refin ... ... 70 Nouth Penn Ol 60 Southern P L. 9400 S 0 Ind ... 9400 S O Indlank 300 8 0 Kansas 5 100 § 0 Kentucky .. © Nebrs 1500 Vacuum O 1 Am Maracaibo . Sales in INDEPE: reds, b Sayd 98 Columbia 143 Cont_0il 44 Creole Derby 0 & R Federal 01l ) Gibson 011 Corp.. 1 Kirby Pet. 06 Lago Pet 10 Latin Am i o1l Pet. bian 01l Prod no < reported. | ery light ¥l r q wd b | | | w | Ventura 0il Walwort Warren Bros Out in the Cold World. A man onicle-Telegraph. the habit of attend- often detained hour of night after fretting her- went to bed, de- down again. been upstairs about heard a knock, so, head out of the window, that vou, Jim? Come and. open meeti which after th ing him medt ual retire- One chil he was very late and | JIf into a srmined not When she 10 minutes putting b sie said Yes, dnor.” $'What h the wife We were \gnefit of f sald Jim. “Well,” s wife, temper. te had she Meg the | 1as kept vou so late?” said | discussing air for the the great =h poor,” said his better h can lecture tomorrow nigh experience.” and the window down with & bang, from went 5 Rosal Can 0 & 3 Salt Creek Cops.. B Nalt Creek Prod 2 Venezuelan Pet 1 Wilcox Ol & Woodley Pet. Washmgton Stock Exchange. SALES ngton Gas 6s '33—$1,000 at 103 Riggs s (long) 5s—$500 at 99, Capital Traction Co.—13 at 92, Washington Gas Light—20 at 58, 20 at 58 Natl. Mtge. & lnvest. pfd.—10 af 8%. AFTER CALL shington Rwy. & Elec. g. & r. 65—$1.000 Lanston Monotype—10 at 80%, 10 at 80%, 50 at 80, 10 at 80%, 10 at 80% Washington Gas 5s—$1,000 at 993, $1,000 at 99 Comniercial National Bank—10 at 17 ty (long) 5s—$1,000 at 9815 Bid and Asked Prices. BONDS. PUBLIC UTILITY American Tel. & Telga. 4s...... American Tal, & Telga. 433s... Tel. & Tel. ¢ Am. Tel. & Tel. conv. Anacostia & Potomac Js.. Was) & P. Telephone omac mac Elec. Pot. Elec. Pow. g. m Wash., Alex. & Mt Wash., Alex. & Mt b, Balt. & An | Washington ¢ | Washington Ele & ref. Ver, MISCELLAN D. . raper 6s Tor. Joint Stock T7d Tk, 3a....0] Riggs Realty 36 (long).o....." RifEs Roaity Os_(short). Sonthern Didg. Bigs Waat: Mt Cold Storas Wardman Park Hotel on.. STOCKS. PUBLIC UTILITIES. American Tel. & Telga......... 1333 Capital_Traction.... g ngton GAs.. & Wash. 58 ..282 021 T emoa, 8 NATIONAL BANK National Capital. Staamboat 200 Farmere & Mechanic Federal- American - Libarts Kiviona1 ‘3ietropotitan. Gonal Busk of Washington. TRUST COMPANY. American Security & Trust..... ontinental Trust......... hants' Bank.. z ational Savings & Trust... 'nion Trust Wachington Lean & Trust SAVINGS BANK. Commerce & SAVIngS...... East Washingto fecbeny Savings & Com Seventh Street Tnited States.... Wasbington Mechapics”. FIRE INSURANC American Corcoran . Firemen's National Union... TITL Title. ate Title. MISCELLANEOUS fer & Storage.. 110 urity Stora sbington Market. nuuw Cab.. *Ex dividead, Received by Private Wire compared | Direct to The Star Office other 3 points subsided. This had a effect upon the low priced Ca and Power, which also reacl best figures around 4. panies ture of electric The demand for Childs Co. and stock kept on at recor prices, but ltitle or no impro oceurred. Wickwire new commanded was special buying of Power and Gibson Ol ed independent before refrigerators. amo: Am Superpower B. Ariz Pow & Lt o & (o A vie Wi ic Frait.. Bot Conx Mills A car Light Centrif Pipe Corp Chap Sacks & (o Childs Co new Coin Pow Cor pid Com Pow Cor wis 3 Con Gas Balt new Contt Mak A Conti Bak R Contl Buk prd . Ouba Co- ... : 2 Ourtiss Aero Mot . Curtiss Aero Mo pt De For B Co vtz wi DL & W Coal ... Doehler Die Ca Co Dubilier © ‘& Tadio Dunhill Intl Tne .. Durant Mot ....0. Font Mot East Penn F1 (o ¥i Bond & Sh pfd B &S nw Cor wi Tov In 4 Meinis = Happiness Oan St A Hazeltie Cor In Con Rubber.. In Con Ind Corp In Ma Corp pfd wi In Oc Rad Corp... In BUIB .oeooene Jones Radio ...... Key Solether Kelvinator ........ 5 Lehigh Pow sec. .. 3 Leh Val Coal NC.. Lib Rad Ch Sto. Mesabl_TIron..... Mid West Util Nat Pow 7 Lt new wi ne Mfg Motor a Radio tr cfs. hattuck F C wi Sieeper Raio vt: v\l‘ Tarotd rd Pub Co A Motor. . T Power Radio Rad vt Prod Expt Tower Mg Union Carbida . . United G & E new United 1 Utilities P & Lt U S Lt & Heat... U S Lt & Heat pfd Ware Radio Cor ... Wh R M S new vt Wickw Sp St Co wi MINING Alvarado Min Ariz Giobe Cop Butte & Western Calumet & Jeror Canario ¢ Cresson Gold Eng Gold M Lid Tnd ureka Croesus First Tho Go Min Forty Nine Min Gold Sta v Harmill Div Haw Mines Inc Hill Top Nav Hollinger How Sd new Indep Lead Jerom V Devel b Cons Ray ‘Cop €p Lone St Lor Sil Syn Ltd Mekin Dar Nat Tin New Corn N Jerses Ney iiils Ohio Cop Par Porc Ply Ld M Prem San Ive tand S Tonopah Tonopah Tri Bul 3 Unit E U 8 Continental 3 Unity Gold.. Walker Miuin Wenden Coj X T Zin Min Ltd Tend. Belmont.. Extens | CHICAGO, February States Department of Hogs—Receipts, 6,000 head; strong to 10 higher; light weigt 28 | most advance; | averages, 11.80a12.40; top, 12.4 | 140 to 150 pounds, 11.25a11.; packing sows, 11.20a11.40: strong-weight slaughter 11.00 ; estimated holdover, ght, 12, a11.00. Cattle—Receipts, pared week ago, 25 to cents 5 to 50 up; fat she st higher: in-between fat co light heifers up more in spot ners and cutters strong to bulls 15 to lower; caly 50 higher; stockers and feed higher: top for week, hea handyweights, 12.00; xed yearlings, 11.50; y bulk prices follo steers and yearlings, 10 4.5026.50; heife and_cutters, 11.50a12.00; a7.50. 500 fed 0 ) 7.0 00a3.85; stocker: veal and WIRED STAR FRO LA The city schedule. The necessitated by ING, Mich., February increase recent orders. PORTLAND, Wool Ore., contracting unwillingness of sheepmen to lower prices. ATLANTA, February of major league ball clubs South has been followed by a demand for base ball amateurs. Stix Dry Goods orders show an Co. report: for printed novelty wash goo ROCHESTER. Increased activity shoe manufacture in clothin, here has r rolls in the last month. earnings of workers has rise week. KANSAS CITY, tractor dealer here reported to had sold 300 tractors this compared with 75 a year ago. YOUNGSTOWN, February appropriation of $2.5600,000 for seamless tube mill at Bast Y town has been made by the Y town Sheet and Tube Co. PHILADELPHIA, The Bayuk Cigar February ‘0. hai and will erect a plant witlf an capacity of 150,000,000 cigars, Both are engaged in the manufa bulk 170 to 325 head; steers a8.50; ¢ Motor Wheel Company of has gone on a 6-day a week has February is at a standstill throughout the Northwest, ow: outfits ncrease over time last year, with a special demand Kelvinator was bid up almost an- the demand sympathetic r Light hed its com- bonds d high vement Spencer Steel attention and there Adirondack ng the oiis. | CHICAGO LIVE STOCK MARKET (United Agriculture).— | mostly ht show pound 05 bulk bulk majorit 10.50a pigs, com- and higher ock, 15 ws and : can- higher mostl ers, 25 earling w: Fed cow anners calves, feeders, COMMODITY NEWS M ENTIRE COUNTRY 28— this been 28— ing to accept 28 —Arrival in the heavy by ST. LOUIS, February 28.—The Rice s that this ds. . Y., February 28.— g and esulted in a gain of 1 per cent in local pay The average n $1 a February 25.—One day he season, 28.—An a new oungs- oungs- geeL bought a site for its nineteenth factory here annual 1 lo | the | heavy into-storage movement, | 1024, HUGE ADVERTISING DRIVES PLANNED More Newspaper Space and Outdoor Displays to Be Used to Lift Sales. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, February 28.—Manu- facturers, distributors and retailers are going to talk to more prospective customers this Spring than they have in the last five yvears. Since they cannot talk personally or through salesmen to all thelr prospects, they will do it through advertising. They do not propose to give customers a chance to say, as Henry Ford did when approached for not buying certain product from a friend, never asked me.” a Huge Campaigns Planned. The greater part of this sales con- versation will be done through the daily newspapers. Comparatively few concerns have facilities for na- tional distribution and those that have such facilities have found in- tensive newspaper advertising par- larly effective. Outdoor advertis- ing Is expected by those engaged In it to total approximately $70,000,000 during the year. A consolidation of some of the large outdoor advertis- ing companies has already been ac- complished as a means of reducing expense and increasing efficiency The trend is unmistakable from the reports arriving by telegraph- today from 30 of the larger cities of the country. Tn the last month newspa- per advertising in those citles to- taled 109,635,000 agate lines, a gain over 1924 of 537,389 lines. The larg- est gains were made by New Orleans and the largest loss was registered by Los Angeles. Booms Merohant Marine. One of the largest advertising cam- palgns of the year started today with the sailing of the Leviathan after her “Spring cleaning,” The Levia- than is the large standing advertise- ment of the American merchant ma- rine. What that advertisement costs is not known to outsiders. Officals of the United States Shipping Board decline to make public the losses en- tailed in operating the world’s larg- st and supposedly fastest ship in the Transatlantio passenger service. Admiral Cone says, however, that whatever those losses may be, they are more than justified from the ad- vertising viewpoint in putting the American merchant marine before the world. Officlals of the Shipping Board do not regard the losses as rel- atively large. Canada After Ship Trade. The government of Australia an- nounced, just prior to the salling of Leviathan, that It invited pur- chase of the 51 ships comprising the Commonwealth line, under govern- ment control. This decision was made on a report by the Australian premier that the ships could not be operated by the government without loss English ship masters agree that no government-owned line can compete with a private shipping company. But both the Australian authorities and the English shipping companies ap- parently overlooked the potential value of advertising and publicity Canada has not dens so. That Do- minion is contemplating seriously an advent into the shipping business of the world. Imitate Press Agents. Big advertising agencies are alter- ing their methods in some directions. After years of fighting against the “press agent,” some placers of adver- tising have adopted for their own use this method of contact with the buy- ing public. They e at last begun to realize that there is both news and human nterest in business, trade and industry, and their new contracts in volve the production of publicity as well as advertising. (Copyright, 1925.) BUTTER PRICES ADVANCE IN PRINCIPAL MARKETS | Buyers Suddenly Shift Demand From Storage to Fresh Product. By the Assoctated Press. CHICAGO, February 25.—A decided shift by buyers from storage to fresh butter and a campaign of active pur- chasing resulted in advances in the principal butter markets during the week. Street stocks were lighter and difficulty was experienced in filling requirements. Reduction of storage holdings was lighter than for several weeks. At Boston and Chicago there was a which was believed to be storage stock from outside points shipped in to the trade. Continued light reduction was antici- pated Production increased slightly over the previous week, but still was low- er than the corresponding week of The South and Southwestern ections reported a light make, but Wisconsin and Minnesota reports in- dicated a slight excess over last year. Closing wholesale prices and range, 92 score butter, at the principal mar- kets were: Chicago, 2 higher at 42; New York, 1% higher at 41; Boston, 3% higher at 42, and Philadelphia, 134 higher at 43%. Query the Promoter. Determine how much of his own money the promoter s putting into his scheme before vou decide to risk yours. Don't take his werd for ft— make him prove it. HARDWARE PRICES FIRM. Spring Lines Reported to Be Mov- ing to Advantage. Special Dispatch to The Star, NEW YORK, February 28.—In weekly market summary, Age says: An indication of the basically healthy condition of the hardware market {s the fact that reports from the various centers show firm prices on both staple and seasonal llnes, with a strong tendency toward high- er levels. Although hampered in some sections by unfavorable weather conditions, Spring merchandise is moving as well as could be expected. There is also a consistent demand for staple lines, Retail sales are generally reported as satisfactory, and collections are for the most part good. SUGAR TRADING HEAVY. Week Closes With Immense Sales at Higher Prices. NEW YORK, February 28.—With sales of almost 500,000 bags of sugar the raw sugar market yesterday closed the busiest week of the season, which brought an advance of 7-32 cent a pound in the delivered price, now quoted around 4.77 cents. Total sales for the week aggregated a mil- lion bags, equal to a two-week sup- piy for refiners. The strength of the raw sugar market carried the price refined sugar slightly above eents a pound, it Hardware STAR, WASHINGTON, D. . l SALES DROP Money Points Higher—Bonds Bit Lower—Trade Position Sound—Cotton in \ Moderate BY STUART P, Spectal Dispatch to The Star. NEW YORK, February 28.—The es- sential change in the Wall street sit- uation from that of two months ago is that outside participation in the markets is a good deal smaller. This has shown during the last week in the reduced transactions on the Stock Exchange. On some days total sales have been a million shares less than they were early in January; on other days they have been three-quarters of a million less. This indicates a quleting down after the feverish ex- citement at the start of the vear, which is by’ no means undesirable. Professional operators and the ®o- called poolis have had the fleld prett much to themselves. They have been marking up a number of selected stocks in the confidence that the blg holders of these are not yet prepared to sell WEST. Walling for Split-ups. As explained a week ago, the r son why these large holders are nc offering their shares is that the; reallze that distribution cannot be ef- fected in the present form. They are walting for the inevitable capital split-ups, and then with the new stocks selling at comparatively low prices they are expecting to attract the public. There have been some noteworthy exceptions, but in a number of in- stances where high-priced industriuls have been divided into four or five parts and presented in a favorable light, outsiders have lost money. | Those who have any respect for the | teachings of the past should recall this fact. Money Market Points Higher. The advance in the New York Fed- eral Reserve rediscount rate came a fortnight or so ahead of the ordinary expectation, but this was not im- portant. The chief thing was that the outside money market of the last two months had been steadily pointing higher, had been repeatedly giving evidence that the period of very low Interest rates was over. Consequently it was not surprising that the Federal Reserve institution in the New York district, which was charging a lower rate than anywhere else in the coun- try, should have marked up its par- ticular quotations in line with market conditions The other aspect was the largely in- creased use by the New York mem- ber banks of the rediscount privilege this being partly due to demands from the interior and partly the re- suit of having to finance a big Wall strest speculation at high prices. Since the start of 1925, rediscounts at New York have been multiplied by four, whereas previous to January 1 the member banks were handling the Increased stock exchange req ments unaided. Investment Securities Lower. Investment bond prices have slip- ped a bit during the week. Invest- ment stocks have obviously ceased going up. In other words, securities whose value depends upon the money rate and not upon business fluctua- tions are not in as favorable a posi- MONEY 15 BIGGEST FACTOR OF WEEK Rediscount Rate Holds Cen- ter of Interest Here and in London. By the Associated Press NEW YORK, February 28.—Chief financial interest this week centered in the raising of the New York Fed- eral Reserve rediscount rate from 3 per cent, the rate In effect since Au- gust 8, last, to 3% per cent. This| increase was in line with the rising tendency of acceptance, time money and commercial paper rates, the na ural result of the increased demand for funds for commercial and stock market purposes. ‘A sharp drop of 1 cent in sterling exchange was Wall Street's first re- action to the higher rate, selling of sterling bills being based on the theory that with only one-half of 1 per cent difference between the local and London bank rates there would Dbe less tendency to send funds abroad in order to take advantage of higher interest rates in London. Some sell- ing, largely of a speculative nature, took place in the stock market on Friday morning, but the offerings were well absorbed and a rally was under way before noon. The volume of trading slowed up | somewhat on the rally and prices | backed down again when the call| money rate was advanced to 5 per| cent. EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. SENDING GOOD MONEY AFTER BAD. A warning, which it seems neces- sary to repeat over and over again, is that against sending good money after bad in promotion stocks. Ap- parently guileless would-be Investors will never learn to write off as a to- tal loss money sunk in these fake stocks. The favorite trick of the promoter is to write his victim a form letter telling him that the “XYZ" Oil De- velopment or the “ABC"” Mines, as the case may be, unfortunately have not turned out quite the way it was ex- pected, but that the stock can be ex- changed for shares in some similar enterprise the prospects of which could not be brighter. So far so good. Doubtless the “Investor” would be as well off with one kind of stock as another, that is, if he buys it from the same promoter, but there is al- ways a proviso added that before the exchange can be made a “small” cash payment must be made. Sometimes this cash is required to cover the costs of the exchange and sometimes it is required for something else. But it is always required. Without this ne wmoney nothing can be done, and while the form letter does not devote much space to this phase of the sub- ject, it is the only one which 1s of any interest to the promoter. If you are €0 unhappy as to have been caught in one of these nets and are struggling to get away, this part about the extra money you are asked to put up is the only thing to which you need give attention. Omit all the glowing descriptions and give your whole thought to working out this problem. If you have lost $100, will you be any better off by losing $25 more? Looked at in this light the solution is not difficult. Bear in mind these observations apply only to pro- motion stocks for which there is no SATURDAY, FEBRUARY 28, PUBLIC BUYING FEWER STOCKS; market, or no market except the one quoted by the man who had the stock originally to_ sell. AConyrighty 20302 1925. 1,000,000 SHARES Upturn. tion as they were =ix and eight months ago, when money was going begging in the market. Just as happened in 1922 and in the early part of 1923, new promo- tions have been overdone. Especial- ly is this true of the new radio stocks. The sequel is that in quite a few cases these have resulted in consid- erable losses, at least on paper, to the subscribers. The situation cannot be'said to have reached the saturation stage, but it has gone far enough to warn distributive syndicates that they must let up, that the market is get- ting too full of new fssues Trade Position So The point continues to made about the general trade position, and fairly enough, that while there has not been the rapid expansion which enthusiasts were predicting two and three months ago, there has been no overbuying and consequently no such element of weakness introduced there was in the spring of 1923 Dun's review makes the significant statement that “there is sharp com- petition in different branches of trade and complaints of narrow profit mar- &lns, especially in certain divisions | of textiles.” It is going to be inter- | esting to observe whether similar | competition will not develop in the | steel industry when the steel mills | are through with their low-priced | business and are working entirely upon the new schedules which call for advances of anywhere from 6 a ton d. Cotton and Grains. Cotton has had a moderate upturn, indicating that the trade pretty well adjusted to the excess of last season’s supplies over world require- | ments, and now has its mind upon the uncertainties of the new crop year. The noteworthy part about the rencwed advance in wheat is that it has affected new crop options quite as much as the old. It is casy enough to account for $2 wheat as applying to the May delivery, because a defi- ciency in supplies from the 1924 har- vest is admitted. But the July option covers the pe- riod when deliveries have begun to be made in quantity on the new American crops, and the fact that this option during the last week has gone up even more rapidly than the May s a matter of considerable con- sequence . Rixe Will Help Farmers. It suggests the belief that ever increase in production may ome from the combined American nd Canadian harvests will not suf- e to take care of world demands and at the same time make good the draft upon reserves which was ne- essitated by the shortage of 1924. The further point of interest is that whereas the American farmer did not get the benefit from the last 3 to 40 cent advance in old crop prices he will be able to get the full advan- tage of the rise which has occurred in the new crop months. (Copyright, 1925.) REAL ESTATE LOANS Small and Large Amounts Refinancing on Long-Term Basis LOW INTEREST RATES Unlimited Funds Available FRED T. NESBIT Tnvestment Bldg. WE FINANCE Apartment Houses Business Property Realdence Property Hotels, Ete. Higbie & Richardson, Inc. 818 15th St. N.W. what- | LOANS | FROM $50 TO $100 Can Be Obtained by Using Our Certificate of Inventory, Appralsal and Title. CHATTEL TITLE COMPANY 805 Fifth St. N.W. FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F St. JOHN POOLE, Prestdent FIRST MORTGAGEB FOR SALE Denominations of $250, $500, $1,000 and upwards 612% All Loans Made on Property Located in the District of Columbla JAMES F. SHEA 643 Louisiana Ave. N.' $750, Invest Your March Funds whete you will be free from worry Those who cannot afford to lose any part of their principal, or who have neither the time nor skill for watching their invest- ments,should investigate at once our carefully selected 6%2% First Mortgages They will find them abso- lutely safe in every respect —backed by improved real estate in this city worth double the entire first trust. You may invest sums of $100, $200, $500 or S1,000 at a return of 6%%. Interest begins at once. Write for our mew booklet— » it’s FREE! Mortgage Investment Dept. SHANNON - & LUCHS 713 and 715 14th St. N.W. Main 2345 3 FINANCIAL. 15 e First Mortgage Bonds On Income-Producing City Prop- erty of General Utilization— The highest type of investment known. Now Offering: 20-Year 6145, Sinking Fund Gold Bonds, Roger Williams Apart. ments, Providence, | Rhode Island. W YORK Philadelphia, Boston, Albany, Newark, Hertford 30 Southern Bldg.. Washington Main 2177 First Mortgage Notes For Sale in Any Amount Security Carefully sel«m—d 637 and INTEREST For Thirty-Seven Years Weo Have Sold ‘Without Loss ¢ an Investor Wm. H.Saunders Co., Inc. 1433 K Strest N.W. Phone Main 1016-1017 i 'Mm‘ Union Discount Company, Inc. Prompt Act First Mortgage Loans Lowest Rates of Interest and Comumis Thomas J. Fisher & Company, 738 15th Street “WHEN” buying our FIRST MORTGAGE 6%2% INVESTMENTS are awsired n in uafez o two of st o Prompt and court tvee follow Notes now on hand of $100 up. Send for Booklet CHAS. D. SAGER Loan Depnrtment G M. a7 as 924 14th St. N.W. Mr. O'Donnell, Manage Mr. Hughes, Assist. due precautior ard vour interest. A Inc. amounts T Money to Loan 20 Wash. L. & Trus Jouphl Weller L i AR The Symbol s estimated that $30,- 000,000 is lost by the people of the 1 States m un- valuable ¥ Goldsmith Building 1405.7 Eye StN.W,, M 9670 | MONEY TO LOAN ON FIRST MORTGAGES A - L CURRENT RATES OF INTEREST 7827 Connecticat (W oernuce Molding Your Destiny You, alone, must plan your own destiny. Molding one’s destiny is a work that goes Young progress depends upon himself. Success today does not insure against failure to- Nor does failure in the past prevent success in the future. ,» First Mortgage Notes, by xmproved W A\hmgton real e:tate, are on and on. morrow. Our 6157 or old—a man’s secured an investment nucleus about which inde- pendence, success and happiness gather. These notes are safeguarded by conserva- tive valuations and reinforced by contin- ually increasing equities. SWAIUZELL5 dshmqton.D.C ears Without Loss to An Investor 55X ver 45000 Depositors = Interest Paid on OFFICERS: WILLIAM D. HOOVER....President WOODBURY BLAIR... it V. Pres. FRANK W. STONB. FRANK STWISON. CHAS. O. LAMBORN B. PBROIVAL WILSON FRANK R.” ULLMER... RRUCH BATRD. DAVID BORNET JOHN W. CALVERT....A W. HILES PARDOE. HERBBRT H. SMITH . Asct ALEXANDER 58th * Year Deposits Invited in Any Amount; Small Open Until 5:30 P.M. Monday, March 2d HEEM e HENSEY (0. “Srreer, N\ W Capital and Surplus, $2.000,000.00 | A Good Time to Inaugurate —a definite plan of sav- ing is right at PAY DAY. when you have money in hand. flIt doesn't take a largc sum to open an interest- earning account at this old bank. Practically any amount will entitle you to the service and facilities at the command of our 45,000 depositors. TRA banking hours Mon- for your convenience. Same Rate of and Large Accounts DIRECTORS: Woodbury Blair James A. Buchanan William A, H. Church Walter C. Clephane R. Rozler Dulany, Jr. Wm. B. Edmondston Franklin H. Ellis Frederick A. Fenning H. Prescott Gatley William D. Hoover Reginald §. Huidekoper | Victgr Kauffmaon | Charles Minshall | Edmund D. Rheem | Frank Stetson Frank W. Stove Willlam H. Walker Henry K. Willard | National Savmgs & Trust Co. | Oldest Savings Depository in Washington Cor. 15th and New York Ave.