Evening Star Newspaper, March 5, 1925, Page 29

Page views left: 0

You have reached the hourly page view limit. Unlock higher limit to our entire archive!

Subscribers enjoy higher page view limit, downloads, and exclusive features.

Text content (automatically generated)

ECGSAT2BCENTS MEATSSTAY HEH Tomatoes Find Extra Rapid Sale—Oranges Plentiful in Wholesale Market. It ig Qistinctly between scasons in thg vegetable market. Southern pro- #flce is being recefved, but not in es- pecially large quantities, and the dc- mand is not brisk at prevailing prices. Tomatoes, much in demand, are any- thing but plentiful, and good stock is high Celery and lettuce are being receiv- ed in quantitics large enough to sup- iy the demand, and there is a plenti- ful supply of numerous other vegeta- ble Oranges from Florida and California are plentiful and fAind ready sale at prices dealers consider cheap. Sup- s of strawberries are equal to the emand. and pineapples are getting more plentiful A further decreasc in the price of nzzs was reported today, fancy se- 1 led stock being quoted at le average receipts were - Meat prices continue high, poultry prices remain un- nzed while cha Today's Wholesale Pr Butter— y, tub, 4; store packed Eggs—Fancy average receipts, Poultry—Alive, rs, 16: Winter chickens, fowls, ducks, 22; keats, young cach: geese, 15a20. Dres Rilled Winter chic 19a20; fowls, 50: ducks, 25a28; 40245, Live stoc s dium, 10a11 8a9; lambs, Spring, live hogs, 13a12% 16a1 hogs. 15a17 ; shoulders, 47a50; prints, . candled, 13; veal, 20 loins, Fruit and Vesetable Review. Today's market report on fruits and vegetables. compiled by the Market News Service Bureau of Agricultural Economics, say Apples—Supplies modera market Maryland, Virgin sinfa, A2% inche 7.00a A2l Twigs, 6.50a7.00; few 7.00; boxes, Northwestern, me- dium to large sizes extra fancy Wine- ps, mostly 4.00; Yellow Newtons, Cabbage—Old. stock ported. New ggtock demand limited; market ida, 112 bushel hampers pointed type, 1.25a1.50. Celery—Supplies moderate; demand moderate: markez fairly steady: Flor- ida, 10-inch crates Sanford section 5-6 dozen, 3.75a4.00; 8-10 dozen, 2 limited: demand barrels, Vir- Winesaps A, hes up. Black Yorks, 6.00a6.50; up, in no unp! cales re- es liberal: dull; Flor- round and Lettuce—Supplies limited: demand mod ‘rate; market steady; California. Imperial Valley, crates Iceberg type. dozen. 4.50a475; some fair cual- ty. 4.00a4.50: 6 dozen, 3.50a3.75; Flor- ida, 2 dozer crates Big Boston type. 1.00a2.25, according quality and condition, Onion Market Steady. Onions—Suppiies limited; demand limited, marxet steady: New York and Oblo, 100-pound sacks, Ye'lows, . No. 1, medium to large sizes. 3.00a3.25 Potatoes— mand stock, Mict Russet Rura per sack: XNe Round Wh 2.25 per sack: new etock ble-head barrels, S S. No. 1. 13.50a14.00. Tomatc Supplies light; demand good for good stock, market steady: Florida, sixes. ripes and turning, wrapped, repacked. fancy count. 8.50 29.00; choice count, 8.00a8.50; origi- nals, choice and fancy count, wide range in prices, 2.0026.00; aecording to quality and condition. GASOLINE 26 CENTS IN NORTH CAROLINA By the Associated Press. CHARLOTTE, N. C., March 5.—Gaso- line prices in North Carolina today advanced 1 cent a gallon In line with an increased State tax, The present assembly raised the tax from 3 to 4 cents per gallon to fund an additional $20,000.000 bond issue for highway improvements. Gasolinie now retails at gallon in the to, upplies moderate; de- 1te, market n Florida.dou- ulding Rose. U. 26 cents a PENNSY’S $14,000.000 OUTLAY IS APPROVED the Associated Pross, PITTSBURGH, Pa, March $14.000,000 improvement program by the Pennsylvania Railroad for the ex- By 5.—A pansion of passenger terminal facili- | in Pittsburgh was approved to- by Mayor William A. Magee, who jinance providing for the improveme: cludes the vacating and several streets In the v Pennsylvania terminal avenue. AMERICAN LOCO RAISES DIVIDEND; VOTES EXTRA Directors Boost Annual Rate From $6 to $8 on Common Stock. the Associated Press NEW YORK, March of the American Locomotive Co. day declared an extra dividend of $10 a share on the common stock in addition to raising the annual-divi- dend rate on this issue from $6 to $8 a share by uuthorizing a regular quarterly payment of a share. The company’s recent annual report showed working capital of $48,622,852, of which $32,881,068 was in cash and marketable securities. The ratio of current assets to current liabilities was about 10 to 1. Tn anticipation of today's favorable dividend action, American Locomo- tive common stock has scored a spectacular advance, mounting from 1041, early in Jaruary to a high record of 144, established yesterday. when it sold higher than Baldwin Locomotive. ~The appreciation _in quoted value within the last year has exceeded 100 per cent. since- the shares sold as low as 70% on April 15, 1924, The stock today opened 2 points her, at 143', then fell back to . and following the dividend an- ment rallied again to 143. widening of Liberty Br noun ‘WOOL PRICES SHADED. BOSTON, March 5 (Special).—The raw wool market continued quiet to- day, with an easing tendency in prices. Tweive-month cape wool supers are offered at $1.35, clean, in bond, and small amounts of South American scoured wools have moved at $1.05 for mixed lots. Western which became | The program in- 6.—Directors| to-| BY WILLIAM H. HEFFERNAN, NEW YORK, Magch 5—The ad- vance of another 3 points in Glen Alden coal when it sold at 135 today expressed the beliet of many In Wall street that stockholders in the not distant future were to share in either a good sized stock dlstribution or a substantial declaration in cash. Whether or not there was is for persistent rumors that merger nego- tiations are pending between Glen Alden and Delaware, Lackawana and Western still remains a question. Continued offering of radio stock re- flected liquidation by tired holders who had become disappointed over failure of a number of directorates to do anything regarding dividends. Du- bilier, which has already established itself on a dividend base, sold off slightly with the others, but it. was reported by the vice president of the NEW YORK, March 5.—Following is an official list of bonds and stocks traded in on the New York Curb Market today: Sales in thonsands. 6 Allied 6 Allied 5 Alum Ts new ' BONDS. 8 Am Beet Sugu 28 Am Gas & B 1 Am fee S 48 Am Power & Lt 65, (S 64 ¢ 2 Beth Steel 14 Can Nat Ry 4ChR L& P 5 Childs Co 6s Childs Bidg 5 Cities Service Cities Service 7x D. Cities Service 83 E. « r P& L 6% 3 Cons Gas Balto 8x A ons Gas Bal 6135 B Cudaby Gian 5 10 Detroit City Gas 65 10 Detroit Edison 6s Dunlop Tire & R in eneral Pet Bs.... 1 Grand Trunk 61y’ 1 Gulf Ol Corp 4 Lehigh Power 6x. 5 Lig-W-L real 27 Mid Cont Pe ! 10 Morrix & Co 7 2 Nat Leather 8. # N Orlns Pub Ser bx. Nor Stat Pow 6las or St P M 614 & Peni Power & Lt 1 Pennock Ofl 1 Pub G & B 14 Pure 0l Co 8igs. ... 34 Stand G & EI 6% Swift & Co s . Union Oi1 of (1’3 Vacuam 0il 3 Webster U SR 6 & FOREIGN BONDS. City Bogota 8s 5% Est R R Fran 75 wi 8 French Natioual 7s.. &35 0415 9 Municipalit. 98 1 Rep of Per 7 Russ Gort 3 Russ Gov 815 Sie & Holske 1 Sie & Hals Ts STANDARD OIL 9615 Salex in IS8T nits 500 Am 0il 1% 0il pt old 110 70 Gal Sig Oil pf new 104 1200 Humble 0 & R.. 481 0Im P oL 14615 500 Imp Oif Canada n 21 30 Tnd P 1 15000 Tntl Pet 296 Magrnolia | 1218 i § S8 663 ot % Olin s. | | 1400 Yacunm: oft Sales in INDEPENDENT OIL STOC! { bundreds. 1 Am_ Maracaibo 2 Carih Synd Cit Serv Co 3% .3Y% Washington Stock Exchange. SALES. 55—$3,000 at 95, $3,000 at c Elec. cons. 3#-$1,000 at 98% | qo T itun’ Gas'Sa—$4.000'at 90%, 500 at 5500 at 90% aehington wy. & Elec. g & r. 66—31,000 t 101 * W aaington Bwy. & Elec. pfd.—10 at 81, 5 at 81 Lanston Monotspe—10 at | Nations! Mige. & Tnvest. 240 at 9%, 20 at 9%, AFTER CALL. Washington Rwy. & Elec. 45—$1,000 at 79%. hington Gas 68 mingion, Gas s '33—33000 " at ! $1.000 at 10 Y axiington wy. & Elec. com.—8 at 1083, & at 1043 Wash.ngton Market Co Ahington Rwy. & Ele Washington Gas Ligh Lanston. Monotype—1 Capital “Traction 95— Money—Call loans, & and 6 per ceat. 817 pfd.—330 at 9%, prd.—5 at 81%. Bid and Asked Prices. i BONDS. { PUBLIC UTILITY. | American Tel. & Telg: * o Tel. & Telgs etl, Capital Tr | City & 8 | Geargetown Gas Potomae Flec, 1st B | Potomac Elec. cons. Bx.. Potomac E | pot. Elec. Pow. g. m. & ref. Fash., Alex. & Mt. Ver. 5u.. h, Alex. & Mt. Ver. ctfs. | . Balt & Annap. Se. of the ! Wash, Rwy. & Elec. gen. STOCKS. PUBLIC UTILITI | | National Capltal Columbin Commercial | Lincoln . Kational Metropolitan. Second . Natioral Bank of TRUST COMPANY. American Security & Trust Sominental Trost. Manty, Bank e roun) Savings & Trust. rust. ‘“3"""' Loan & Trost Sant Washington.. Security Saviogs & Seventh Street Tnited States Washington Mechapics’ FIRE INSURANCE. T b American . Corcoran Firemen National Union 3 TITLE INSURANCE. Jumbia Title S ERate T MISCELLANEOUS rchants’ Transfer & Storag Mergeathaler Linotype. x National Mtg. & Invest. pid. Old Duteh Market com. 0id Dutch Market ptd. ston Monotype. 7 s e. 115 152 THE EVENING NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office company that earnings for. 1924 will show a substantial increase over those for the previous year. The pool back of the rize in United Profit Sharing appearsd .to have pushed their advantage too far, and rather heavy selling came into the stock today carrying the price down over a point before the decline was checked. Large blocks of Car Light and Power changed hands at record high prices following reports that an- other large contract had been closed. Kelvinator was subjected to further selling. Goodyear Tire common was a point and a half higher and was respond- Ing to favorable reports ‘concerning its outlook. Bucyrus made belated response to the highly favorable re- port for 1924, which showed earnings equivalent to over $30 a share on the common as against $25.49 a share in 1923, 15 Cit Serv new 7 Cit Sery B cfs 17 Columbian Synd 49 Contin 0il 7 Creole Synd ... 30 Engineers Pet 59 Gloson Ol Cor " 8 Gilliland 01l v t'c.. 27 Gulf OIl of Py Kirby Pet . 32 Lago Pet Margay Oil . Mount Prod Mount Gulf at Fuel ew Mex Li 10 Noble Oil & Gas... . 10 Northwest 0il 3N Y Oil 1 Oblo Fuel Co 7 Peanock 1 Pitts 0 ¢ 58008 Rs! £ 124 1 Ryan C 23 Salt Ck Con 21 Salt Ck_Prod. 14 Venezuelan Pet. et Ea NDUSTRIALS. 2 Adirondack Power.. 37 # Am C & Fdry o wi. 110 1 Am G Elec..... 18 1 Am Hawalian § §.. 1% Am L & Tract..... 8 Am L & Trac wis, 7 Am P & L pe 3 Am Superpower 5 Am Superpower Loom w!.... Loom pfd w Armour Co A vt wi 1 Armour Co B vt wi 16 Axsd G E. 4% Atlantie Fruit...... 16 Rofssonnault G ¢ 13 Borden Co...... Brit-Am Tob Cou. Brit-Am Tob Rex 4 Bklyn Boro Gas Co i Bucyrus Co - 68 Car Light .¢ 4 Centrif Pipe (orp Chapin Sacks & Co Chatterton & Son. Childs_Co new Com Pow Cor pfd 3 Cons 16 Contl 30 Contl 4 Cuba Co . 19 DeForest 1 € WD L&WC 2 Doehler Die Ca: 3 Dubilier C & Radio 3 Dunhill -Intl Tnc 5 Durant Mot . 2 Duplex C & R vic 13 Dnz Co A....... 113 Elec Bd & Sb pfd 9 El B & S new cor 7 Elec Iuvestors Ine 4 Federated Metals T emana Ra Chas wi. S85. B8 CEdds 1 13 1 S ERE vic. Brguiean 3858 R 218 Goorlyear 1 Grennan Bakeries.. 45 Happiness Candy A 18 Haieltine, Corp.. 3 Heyden Chemical . o Int Mateh Corp pfd 16 Kelvinater vl .. § Keystone Solether 2 Lenigh Power sec.. %, Lehigh Velley Coal 28 Lenigh ¥ Coal N ¢ 2 Liberty Radio Ch § 43; Siengel Box ....... 1M Tron 3 4 3id West Uil L1l 1, Mid Weat Uthl pr i 4 Mot Pro Co ptd new ster Cor .. ' Procter & Gam 10 Pyrene Mfg Ay 3 Reld Ice Cream . 10 Reo Mot . : adio Co tr cf 5 Seagrave Corp . 7 Shattuck F G 20 80 C & 1 new..... . 3 Southeast P & Lt 15 South Cal Edi ot B 18 Standard Motor ... 2 Stand Pub Co A... 2 Stutz Motor 1 Swift Intl 1 Bwift & Co...... 13 Tenn Ei Pow 2d 1 Thermiodyne R 1 Thomp Bad v ot dio. 4 Unlon Carbide. ted G & ited Prt Bhar.... Ttili Pow & Lt AL U S Lt & Heat.... 0 U8 Lt & Ht pfe U 8 Stores B... Victor Talk B W Zhxde Brompsmesios! Ware Radio Corp. Warner Bros Pict Warn Bros P A wi 15 - 1o% B 19% 5% Western Power .. Wh Rk M Sp new Wick Sp St Co wi MINING. 1 Alvarado Min ... 2 50 Arizona Globe Cop .20 2 Calaveras Copper. 1% 10 Calumer & Jerome .22 ‘anario_ Copper o Ext Min Cons Cop Mines. . 10 Diamondfid BI But .05 110 Emma_Rilver 70 Goldtield Deep 2 Hollinger - 2 Hecla Mine # Howe Sou new vtc 3 Jerome V Devel ... 110 Jib Cons ... Kay Copper Cor H Il 5 Nipissing . 27 Ohlo Copper..... .. 10 Parmac Porc M Ltd 3 Plymouth Lead M.. .| 3 Premier Gold Min. 10 Red Warrior. 10 San_ Toy... 8 Spearhead Gai 10 Standard Silv Le 30 Tonopah Gypsy Qu . 1 Tintic Std Mine 10 U S Continental. 35 Wendea. Copper. STOCK MELON VOTED BY STEEL FOUNDRIES By the Associated Press. NEW YORK, March 5.—Directors of American Steel Foundries today de- clared a stock dividend of 25 per cent in addition to the regular quarterly dividends of 75 cents a share on the common and $1.75 a share on the preferred stocks. A proposal to in- crease the common stock from 750,000 shares of $33% par value to 1,000,000 shares no par value will be submitted to stockholders for approval on April 22, The plan calls for an exchange of five shares of new stock for four of the old. J:»::a‘is;fl-,zzss PARIS BOURSE STEADY. PARIS, Maroh G5.—Prices were steady on the Bourse today. Three per cent rentes, 47 francs 85 centimes. Exchange on London, 93 francs 50 centimes. Five per cent loan, 56 francs 96 centimes. The dollar was quoted 19 francs §9% centimes. TREASURY CERTIFICATES. (Quotations furnished by Redmoad & Co.) ~——Noon.——, March 15, 1925. Ryt % Marcn 15, 1925 3 June 13, 1025, s September 16, 1935, s December 15, 1925. STAR, WASHINGTO SOFTCOAL MARKE 1S REPORTED WEAK l!iuying Orders Drag—Output Reduced—Prices Lowest in Long Period. Special Dispatch to The Star. NEW YORK, March 5—Coal Age reports the market today as follows: Continued demand for screenings }in the face of a steady decline In pro. duction is all that gives a semblance of firmness to a soft-coal market that has been showing signs of progressive softening. All eyes are centered on the operators’ conference at Cleveland on March 6, when an effort will be made to agree on a proposal to the joint scale commit- tee to modify the present wage agree- ment. Meanwhile, with Spring just around the corner, the usual hesitant attitude is in evidence—only to a greater de- gree than ever, most consumers hav- ing decided not to contract In spite of the most favorable prices in a long while. Continued mild weather has eliminated even the occasional spurts that were helpful from time to time. “No bills” are common. Working Time Reduced. Slackening in demand and prices throughout the Middle low West working time, one and two days a week being considered good in most Illinois flelds. Even the Kentucky operations cannot get enough busi- ness to keep going and shut-downs are numerous. Output is being re- duced in West Virginia, not only in the high-volatile region, but in the smokeless flelds as well Anthracite demand has fallen off still further and independent prices have softened as a consequence. Orders are scarce and in small lots. The call for all sizes has tapered off, steam sizes being slow and prices weak. Coal Age index of spot prices of bituminous coal on March 2 was at 169, the corresponding price being $2.04, compared with 168 and $2.03 the week before. Output I Curtailed. Dumpings of coal for all accounts at Hampton Roads in the week ended February 26 totaled 418,327 net tons, compared with 424 tons in the previous week. Production of bituminous coal the week ended February 21, accor Ing to the geological survey, w. estimated at 9,47 pared with 9, in 000 tons in the pre- ceding week, as shown by revised figures. Anthracite output in the week ended February 21 was 1,838,- 000 net tons, compared with 1.824,000 tons in the previous week What Experts Buy. Trained investurs always buy se- eurities that have a substantial loan value. One of the surest methods of determining the value of any stock to seek a loan on it. If your banker eclines to consider it as collateral you can rest assured its marketability €oes not amount to much. SHIP LINE EARNS $17.40 PER SHARE Merchants & Miners’ Reports Extra Good Year—Usual $2 Divi- dend Voted. Special Dispatch to The Star. BALTIMORE, March 5.—The an- nual report of the Merchants and Minerz' Transportation Co. soon to be sent to shareholders, will show that 1 was one of the most pros- perovs years in the history of the company. The balance after all charges, including liberal deprecia- tion, was equivalent to $17.40 a share on_the capital stock Despite the brilliant showing, the directors at their meeting today de- clared only the regular quarterly dividend of $2 a share. The dividend is payable March 31 to stockholders of record March 7. CRUDE OIL OUTPUT DROPS DURING WEEK Imports, However, Increase Same Period—Prices Are Unchanged. in NEW YORK, March 5.—The daily average gross crude oil production in the United States decreased 3,850 barrels for the week ending Febru- ary 28, according to the weekly sum- mary of the American Petroleum In- stitute. The daily average production east of California was 1,341,750 bar- rels, a decrease of 4,050. California production was 602,000 barrels, an in- crease of 200. Daily average imports of petroleum at principal ports for the week end- ing February 28 were 288,714 barrels, compared with 200,857 for the pre- vious week. Daily average receipts of California oil at Atlantic and Gulf ports for the week ending February 28 were 68,857 barrels, compared with 63,429 for the previous week. No changes were reported in crude oil prices for the major districts, midcontinent oils being quoted at $1.35 to $2.35 a barrel, according to the gravity of the oil. STANDARD OIL EARNS OVER 12 PER CENT IN YEAR By the Associated Press. CHICAGO, March 5.—Net earnings of the Standard Oil Co. of Indiana for 1924 were $40,788.868, or 12.27 per cent, as compared with $41,638,499, or 13.44 per cent, for 1923, according to the -treasurer's report submitted at the annual stockholders’ meeting to- day. The earned surplus balance for 1924 was $49,172,119, as compared With $30,884,948 for 1923. have caused suspensions and reduced | .000 net tons, com- D. €, Today to Advance Crude Oil Prices By the Associated Press. NEW YORK, March 5.—The first of an expected series of fur- ther crude oil prics increases took place today when the Marland Oil Co. advanced quotations on Kay County crude 5 to 15 cents a bar- rel. The revision follows the an- nouncement of another decline in the country’s crude ofl output last. FROM $50 TO $100 Can Be Obtained by Using Our Certificate of Inventory. Appraisal and Title. CHATTEL TITLE COMPANY First Mortgage Bonds On Income-Producing City Prop- erty of General Utilization— The highest type of investment known. Now Offering: 20-Year 614 % Sinking Fund Gold Bonds, Roger Williams Apart- ments, Providence, Rhode Island. Union Discount Company, Inc. NEW YORK 3t Albany, Newar] FPhiladelphia, Bostor, Al X, 300 South Bldg.. Washingten T Fxm-:wo years aga UlyssesS. Grant as President of the United States, Two months earlier, in January, 1873, The F. H. Smith Company was founded. Smith Bonds are owned today in all the countries visited by President Grant on his historic world tour—England, France, Italy, Egypt, Ind China, Japan, Cuba, Mexic other foreign lands, and inevery State in the Union. 7% vestment Sevings Pl ment carns the full rate of bond interest. TheF. H. Smith Co. Smith Building THE F. H. Smith Building, Washington, D. Bonds paying 7% THURSDAY, MARCH New Drive Started | Money to Loan by mrst deed of trust on resl estats Prevailing Interest sad_cor 420 Wash. S Bldg.. 9th & F N.W. Since Grant was in the White House 52 years of proven safety in first morigage imvestments was inaugurated for his second term Siam, in 20 SMITH BONDS aresold in $1000, $500 and $100 denomina- tions, outright or under our In- . partial pay- No Loss To Any Investor In 52 Years Founded 1873 FIRST MORTGAGE BONDS SMITH COMPANY, 1 Please send me information sbout Smith FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315F St JOHN POOLE, Prusideat he Symbol of Tuteprity Safety of Principal and the assurance of prompt payments of interest. Our clients full protection from legal standpoint as well as ap- praisement of physical values in the purchase of our , First Mortgage In- vestment Notes. enjoy a In amounts of $30 up Send for Valuable Booklet. Goldsmith Building 1405-7 Eye StN.W, 96 REAL ESTATE LOANS Small and Large Amounts Refinancing on Long-Term Basis LOW INTEREST RATES Unlimited Funds Avalable FRED T. NESBIT Investment Bldg. Main 8393 Notes— Secured by Improved Real Estate In Washington Worth Double The Amount 0f the Loan— Interest Rates Today 64 Per Cent Denominations of $100 to $5,000— Partial Payments Received— Mortgage Investment Dept. 713'and 715 14th St. N.W. Main 2345 FIRST MORTGAGE NOTES FOR SALE IN DENOMINATIONS OF - 500 DOLLARS AND UPWARDS Rendill H Honon ¥ G (LELR (EET R L L7 () = lally Organized in 1814 A Welcome to New Residents {1 We extend a cordial welcome to those brought to the city by the new administra- tion, and invite you to utilize fully the com- plete facilities of the Oldest National Bank in the District of Co- lumbia. General Banking, Savings Dept., Special Dept. for La- dies, Trust Dept., Safe De- pos National Metropolitan 111 111 var Bank v 15th St. opp. U. S. Treasury|gi Public Service Corporation Dividend Ne. 71 on Commen Steck Dividend Ne. 25 on 8% Cumulative Dividend No. $ en 7% Cumulative lative rhe rate of 7% per annum on the 7 Prelerred Seokke bring 81 75 .« share or. the non-par value the quarter ending March 31. 1915. Divi dends are payable M holders of record March 15, FINANCIAL Annual Net Yield With Maximum 20% E Add to these an ever increasing value and ready marketability. And you will find extremely at- tractive cur current offerings of Exclusive Washington Investment Properties Inquiry and Inspection Invited C. P. BARRETT Main 9016 1502 K St. N. of New Jersey 7% shure. Commen jarch 31, 1915, to stack- 2. T. W, Van Middlesworth, Treasurer REAL ESTATE MORTGAGES —are at the root of almost every . improvement, for the man who plans.a business block, a home or an apartment must usually borrow money to complete it. It is the business of this Company to finance such im- provements, and for vears it has done so. These 612 % FIRST MORTGAGES —have become essential factors in Washington’s building pro- gram. Over a Quarter of a Century Without Loss. a B. F. SAUL CO.,, Main 2100 925 15th St. N.\W. An fnsured Investment F you are a purchaser of our First I Mortgage Notes on improved Wash- ington property, you are insured against financial disaster. History has proven that, in the long run, safeguarded First Mortgages are one of the steadiest and safest investments known. Our Notes are issued in large and small denominations, and the 614% interest is paid semi-annually on the day that it is due. We offer you the judgment and integrity of a company of over fifty-five years of experience. SW EEM&HENSEY (0. shi C. z 55 Years Without Loss to An Investor LL. I~ An Institution Is As Strong As Its Management Hatry A. Kite, President President, Harry A. Kite, Tac,, Builders and Real Estate Opera- tors. Appleton P. Clark, Jr. Vice-Presidens—Avchitect Director, Equitable Life Tnsur- ance Company. Hugh A. Thrift, Vice-President Secretary-Treasurer, Thrift Building Company. W. J. Waller, Treaswrer ! Vice-President, Federal American National Bank. Frank P. Morse, Secredary Manager, Washington Branch, Redmond & Co., lnvestment Bankers C. §. Tayloc Burke President, Burke & Herbart, Bankers, Alexandria, Va. -Gen: Mgr., Nati ge & Investment Co James H. Preston Vice-President and_Counsel, Calvert Baok, Baltimore, Md. Formerly Mayor of Baltimore. J. 8. Gruver, President, Thrift Building Co. W. O. Peirson Vice-President, Union Trust Co. Baltimore, Md. George E. Walker Lumber Dealer, President, National Mortgage and Tnvestment Corporation. William D. West President, Rudolph & West, Hardware and By S Vice-President, Bank. Clarence F. Donohoe Tohn F. Donohoe Sons, Real Estate, Insurance & Investments. 1418 Eye Street, N. W. Mortgage Bond & Guaranty Corporation WASHINGTON, D. C. (Iacorgorated Under the Laws of Virginis) 250,000 Shares value $10. P St . oS Shares Commen Stock. par value $10.00 $2.500,000 High “feather— HUGHES & COMPANY (INCORPORATED) INVESTMENTS Avuthorized Capitalization Camulative Preferred Stock. $2.500.000 'HE serenity of the knowledge that your in- vestment is both safe and highly profitable is an usetkthlt gives you renewed courage for your daily work. The Mortgage Bond and Guaranty Corporation deals exclusively in First Mortgages, secured by improved, income-producing real estate. It is recognized this is the.safest field of investment known. The constant turnover of the capital, thml‘uh the sale of guaranteed First Mortgage .Cemfiutu, assures a very attractive return to the investor. T e ] ‘The management comprises a group of bankers, real estate and business men of excellent character and high standing. They all enjoy unbroken records of success and their ‘expert knowledge is especially adaptable to the profitable and conservative man- agement of this Company’s business. A portion of the stock of the Mortgage Bond and Guaranty Corporatiori is now being offered at the same price paid by the officers and directors. The cumulative preferred stock bears an immediate return of 8%. The dividends are free from the normal Federal income tax and the stock is free from the D. C. and Virginia intangible tax. All dividends over and above the 8% paid on the preferred go to the common sharcholders. . These securities may be purchased on an attrac- tive partial payment plan. No interest charge on deferred payments. Regular preferred dividends applicable to amount paid in. 1 Share 8% Cumulative Preferred. .. 1 Share Common............ }m.so HUGHES & COMRANY 1418 Eye St. N. W., Washington, B, T. Piease send me your descriptive booklet. Name N £t Telephones ln-b:i_l, Street Address D T e e e T e T o T ety ey r e Suprey City. Erowers are beginning (o feel th 78 %mwcfi' , pressure for lower levels, and a few | Becurity Stog A contracts have been made at 5 cents | ¥alowCab, under recent levels. *Ex divi %s March 15, 1926, s Jeptember 15, 1 s March 15, 1927, s December 15, 1

Other pages from this issue: