Evening Star Newspaper, March 11, 1925, Page 27

FINANCIAL EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. SPECULATION AND INVESTMENT. NEW PLAN STARTE Reforestation Move Expect-|one was an investor and the other red by first deed of trust om veal estate Pnulllnwllun‘ 320 commissien Joseph I. Bidg.. oth & F MONEY to LOA In Any Amoumst was a speculator. The investor was ed to Prevent woodlands dwe!ling upon the merits of a cer- From Becoming Bare. BY J. G, ROYLE. Epeclal Dispatch to The Star. REAL ESTATE \ \ Wm. H. Saunders Co., Inc. N 1433 K Street N.W. Phone Main 1016-1017 tain high-grade stock. He pointed out the large equities behind the shares, the established earning power and thé favbrable outlook. The spec- ulator was skeptical. “If all you say is true,” he asked, “why doesn't it go up?" As a specu- lator he had no interest in any se- Lafge Loans Available S5%% Interest Insurance Company Loans Long Term Financing Building Loans 'MARCH. 11, 192 FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F St JOHN POOLE, President FIRST Full New York and Beriin Market Recelved Daily Send for Special Markes Letier MORTGAGE NOTES— Secured by Improved Real Es- First Mortgagé On Income-Producing City Pro, erty of General lhi.liu‘fi’o.—-’ Peter Whitney 2083 Investment Bldg. Telephone Franklin 3978 Bonds tate in Washirgton Worth Double the Loan— Yield 6%:% Refinancing NEW YORK, March 11.—Large tm-|curity, no matter what the intrinsic ber interests of this country have come | value, unless it “moved” Contrary- to the conclusion that their timber 1ands | wise, 'if the market price of a stock are like a bank deposit—they cannot{or bond was going down that fact continue to take out without putting | would outwelgh in his mind anything in. In consequence, extensive plans|that any one might say in 5;".,),0'[ for the reforestation of the Pacific|of itg real value. This is the typical Northwest now are under way under| attitude of a speculator. Perhaps the lead of the Weyerhaeuser Timber| trom his standpoint it 18 the proper Co., one of the largest concerns of it attitude, but to take such a view kind in_the world. woul a The United States Government ls ,nv,.‘:.,:e . atary STk Toree Denominations of $100 Up— Partial Payments Arranged— Mortgage Investment Dept. First Mortgage . Notes For Sale in Any Amount Security Carefully Selected 61% and 79 20-Year 616 % Sinking Fund Gold Bonds, Roger Williams Apart- ments, Providence, Rhode Island. Weaver Bros., Realtors 735 15th St. N. W Main 1821. Lake Almanor This large artificial lake constitutes the source of taking an intense interest in the.pro- gram outlined and many large timber companies in western. Oregon are withdrawing their cut overlands from sale, while they awalt the results of the reforestation experiments. Al- ready some work of this character has been undertaken in western Oregon and is proving successful. The companies which control thousands of acres of logged-off lands, now hope that by reforesting these properties they can make them more profitacle than by selling them to farmers. Forests Never Will Be Bare. The Government in the last few months has sold thousands of acres of virgin timber in the Northwest, bi as a result of the reforestation policy, not an acre hus been rold without a proviso for reforestation. Govern- ment officials now assert that as a result of the present trend the forests of Oregon and Washington, where th largest supply of American timber now is found, never will became bare The program of the Weverhaeuser Company already has provided a $1,000,000 corporation known as the Weye Logged-Off Land Co to h this work. The start of fleld work has been made fn south- western Washington and George S. Long, general manager of the com- pany, states that the scope of the worlk I be broadened to include practically all the Weyerhaecuser land holdings in a dozen States if the work in Washington is successful. Move Is Far Reaching. The railroads and the paper indus- try are closely affected by the move toward reforestation. The carriers of this country will use 115,000,000 ties th ar and will have to pay about s 0,000 or more for them. The smaller growths raised on reforested lands undoubtedly will be used even- tually to fill a goodly portion of this demand. The heavy demand for paper, whick has quadrupled since 1900, is imperil- ing the lumber supply, because it has resulted in depletion of the young growth that would eventually become saw timber. But pulp wood has now attained a price which is making re- forestation solely for this purpose profitable in many parts of the coun- try, according to the Federal Forest Service. More Species Needed. The Forest Service believes the-sys- tematic growing of pulp wood is the fundamental solution of the present supply shortage problem, but adds that new processes, which will in- crease the species of trees available for pulp and the reduction of waste in making pulp, now amounting to 45 per cent of the original wood, are essential supplementary measures. If the pulp and lumber industries were to be Integrated, Federal officials point out, the saw mill waste of &pe- cies suitable for pulp would furnish about 15,000,000 cords annually, which would more than meet all pulp wood requirements in this country. Under proper corelation forestry officials. estimate the United States could produce perpetually 26,000,000 gords of pulp wood annually as &n incident of lumber production. COTTON STANDARDS ARE GIVEN APPROVAL Representatives of Foreign Asso- ciations Agree on Grading Formulated Here. Twenty-three copies of the forty sets of universal cotton standards pre- pared by the Department of Agri- culture were approved vesterday by representatives of European and American cotton assoclations. Six deputy United States marshals are on guard in the building in which the original samples and copies are on displ The original samples, graded at a conference of cotton men in London a vear ago, have since that time been under seal in & vault at the Treasury Department. The fact that very little cotton of the middling falr grade was produced in this country last year was dis- closed by department officials when they told the visiting experts that $2,500 had been expended in a search of that quality. They found a bale that, while not meeting the standard ns to the exact color, was of standard texture, The experts accepted the sample ‘as standard for the year. MEATS FOR STEAMERS ARE CLOSELY GRADED Government Officials Check TUp 5,000,000 Pounds for United States Lines Alone in Year. More than 6,000,000 pounds of meat purchased by steamship lines operat- ing out of New York last year were graded by Federal Department of Agriculture officials. Nearly 5,000,000 pounds were graded for the U. S. Lines alene. The department’s meat grading service was established in 1923 to correct long-exlsting practices on the part of some dealers of misrepresent. ing the quality of the products de- livered to the steamship lines. It was common, for example, to represent cow beef and stag beef as choice steer beef, and to substitute cuts from vearling and mutton carcasses for lamb. An investigation by the Depart- ment of Agriculture indicated that the situation was the result of a lack of dependable standards for grading meats. INDIA RICE CROP LARGER. The rice crop of Indla Is about 16 per .cent larger this year than last, according to a cable just recelved by the United States Department of Agriculture from the International Institute of Agriculture. LOANS FROM $50 TO $100 | can Be Obtained vy Using Oue Certificate of Inventory, Appraisal and Title. power for one of the most efficient hydro-electric sys- tems in the United States, namely: Great Western Power Company of Cali- It fs true that in the long run the market price will reflect real value. but this may not be true at any par- ticular time and it is not a gulde which can be relled upon without qualification. In the same way spec- ulators put more stress upon the im- portance of a market than does the : Investor. Again, this is good strat-|| 10TNia. egy for the speculator, but it is not of the same importance to the in- : vestor. Interesting Booklet, It is not wise to put all your fun ibi il into securities for :‘hl-‘h !Kere I!un?: Sl desirimiag ”"’J a ready sale, but there can be no and other California objection to having a prosortion of projects sent upon re- your savings in these less marsctable obligations. A real estate mortgage et is not usually saleable, but it may : E. H. Rollins & Sons be a very excellent investment. The Founded 1876 moral is when you are debating with yourself an investment opportunity 416 Woodward Bldg., Washingten Boston, New York, Phéladelphia, ou will get no light upon the subject from speculative sources. Chicago, Denver, San Francisco (Copyright, 1925.) Prompt Action First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. utred ou the 31at day of December, 1924, a8 require e 38 1eh Btreet [ 0% ¢ RUIATCE of Columbia Code, amended REAL ESTATE LOANS | e sl 605 ad aubuit i, . Small and Large Amounts Deposit capital stock v $200,000.00 Refinancing on Long-Term Basis LOW INTEREST RATES Unlimited Funds Avallable FRED T. NESBIT Invevtment Bldg. STATEMENT OF THE CONDITION Of _th e MARINE INSURANCE CO., LTD.. OO A ERPOOL, ENGLAND. Cash in office Cash o _bani Stocks and bonds (market LL Net unpaid claimis, e-insurance premiut Applications Invited for First Trust Loans In any amount. Secured on improved property in the District or outlying sections. e e W W N e TR TR Total liabilities.... X Character of business transacted duriog the year 1924: Marine insurance, automobile, tre, iheft, property damage and collision insur: ace. It Amount of risk assumed during 1924, $799,728,230.00 o year 1 c. 19877048 received during the year at W. C. SPELMAN, Manager. Law“t R i Subscribed and sworn to before me th(l Ttk day_of February, 1925 Q,"ck Service (Seal.) LAWRENCE T hcLE (Notary Public, Certificate filed in New York 11) and Richmond Counties. My Commission Stone and Fairfax 1342 New York Ave. Main 2424 AMERICAN COMPANY New Tork, on the 3lst day of December. as_required under the District of Co- lumbia Code, amended Jume 30, 1902, and August 18, 1911 AR AR RER AR AR RRS Capital stock. .. Capital stock, paid up, Compound Your Income From Securities : : K 2 Premiums uncollected and in hands SE our Investment Savings .o, . < Plan to compound the in- come from securities you now own. Apply your intercst and dividends toward the purchase of Smith Bonds, and receive 7% on these odd sums. 7% ; aries. _rents, expenses, tazes, Our free booklet, “How to Build || | Xii'otner iiwbiiicie an Independent Income,’” ex- plains the plan by which our $100, $500 and $1,000 First Mortgage s ot bt e st B Bonds, paying 7%, are sold on year 1024; Fidelity, Surety and Burglay Ta- paymemts extended over a period Amount of risk assumed during of 10 months. Mail the coupon 1024, for a copy today. $17,354.086.88 $3.271,723.58 8041228 71 Total liabilities. el —— S 924 . 9,438,615.01 No Lows to Any Investor in 52 Years Expended during (e Fear 17 The F. H. Smith Co. Founded 1873 FIRST MORTGAGE BONDS Smith Building, 815 Fiftcenth St. CHAS. W. G . S Subscribed and sworn to bel day of Jantary, 1925. (Seal.) (Certificate filed in 188, N. Y. C 15, 'Bronx Kives Co. N Westchester expires March 30, 1f Branch Office for District of Columbi THE F. H. SMITH COMPANY Smith Building, Washington, D. C. Please send me your free booklet, “How to Build an Independent In- L. BERT NYE, Manage PAUL N. CHERRY, Asst. Manager., Suilte 524-528 Southern Building, Cor. 15th and H Stx. N.W. PLUS SAFETY Our offerings today represent the safest and most productive FIRST MORTGAGES —available. They yield 6%4% and are secured by the land and building projects in Washing- ton. Over a Quarter of a Century Without a Loss. Call and let us explain how you can build a substantial in- come through : these invest- ments. B. F. SAUL CO,, Main 2100 925 15th St. N.W. 2,549,500.975.00 8,072.015.49 The Safest Investment is a good First Mortgage Note fully secured by valuable Washington real estate. Con- venient denominations and current interest rates. BOSS 15 PHELPS LOAN DEPARTMENT W. L. KING, MANAGER wpy K Street NW-. . 2 Main 9300 Equitable Co-operative Building Ass’n FRANK P. REESIDE, Sec¢y 45¢h YEAR COMPLETED .$1,317,011.44 JOHN JOY EDSON, President Organized 1879 Assets ....... e Subscriptions for the 88th Issue of Stock Being Received A Sure Way to Acquire a Home Save a part of your income regularly and deposit it with the Equitable—and STICK TO IT! The rest is easy after you have saved enough to make a first payment on the home. 915 F Street NW. APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent Suburbe in Montgomery County, M& 51 2 /0 INTEREST Efl prly -; H. L. RUST COMPANY LOAN CORRESPONDENT ke PRUDENTIAL INSURANCE COMPANY of AMERICA 912 15th Street N.W. Main 6888 come.” Maryland, Virgivia & North Carolina. SEVEN OAKS GOLF AND COUNTRY CLUB AND now Washinglon is to have its first commercial golf course, developed along the lines which have preved so successful in Chicago, Detroit, Cleveland and other large cities. The new club will own 215 acres just beyond the District Line, at Silver Spring, where a 6,000-yard course will offer interest- ing problems to Jocal golf enthusiasts. A commodious clubhouse will adjoin the links, with locker rooms, ‘showers and cafeteria. Work on the new course will commence within a month from now. Oflgn'n'g units of 1 share each 7% Preferred (par $10) and Common. (no.par) for §12.50. Minimum Subscription $125 MAIL THIS COUPON TODAY! wnsgaEsd SEVEN OAKS GOLF AND COUNTRY CLUB INCORPORATED e 1512 K Street N.W. Main 3375 Mr. Goo, B, Mock, Fiscal Agent: A . Kindly send e by returm mail full information regarding the SEVEN OAKS GOLF AND COUNTRY CLUB, its commercial goif course and immense pudlic swimming ‘pool. 1 Union Discount Company, Inc. ’ NEW YORK o 1 i INTEREST o ATbez, Newark, 1483 K Btrest N.W. - Phone Main 1016-1017 Why Should I Make a Will? —Because a Will is-the approved way in which proper provision is made for the descent of your property in the manner best suited to your individual requirements and for the best interests of your heirs. {Have your will drawn at once and name this Company Executor and Trustee of your Estate /AMERHCAN sycmny 15th and Penna. Ave. Capital, Surplus and Undivided Profits Over $6,000,000 BRANCHES Central—7th and Mass. Ave. N.W. Northeast—8th and H Sts. N.E. Total Resovrces Ouver Thirty-Five Million A T s T T 8 WARDMAN INSURANCE SERVICE RDMAN enterprises have required the development of an organization | for the most efficient and economi- cal underwriting of the various in- surance coverages required as a pro- tective measure for modern business. The expert and economical administration of your insurance requirements may be advantageously placed in the hands of our Agency. HARRY WARDMAN President JAMES D. HOBBS Treasurer THOMAS P. BONES Vice-President HUBBERT R. QUINTER Secretary JOSEPH B. MURPHY Manager Fire and Casualty ADGATE LIPSCOMB Life Insurance ED. H. ORR Accident and Health Our organization is back of, and ever ready to contribute to, every scrvice we offer. WARDMAN jtsurance gency 130K Street KW~ Main 3530 71320 715 14th St. NW. Main 2345 Southwest—7th and E Sts. S.W. Northwest—1140 15th St. N.W. il CHATTEL TITLE COMPANY 805 Firth = —— o — T 7R T 2 s RS A RSSO 7 MRS =g