Evening Star Newspaper, March 26, 1925, Page 29

’ .weaker; [] ¥ FINANCIAL. BGGS ARE LOWER AT GENTER MARKET Better Demand for Smoked Hams Expected—Meat Prices Unchanged. Dealers are anticipating the usual fncreased demand for a smoked ham during the Easter holiday season, many persons still following the old custom of having stuffed hams for Eastern dinner. Today’s report of the ham market contained the statement that the market was draggy. Prices remain high and the market firm, With no suggestion of an early weaken- ing. Hams were quoted at 30 and 31 vents. Dealers expressed the bellef that the high peak had been reached. The egg market was reported as easier today, with a slight decrease tn price, selected stock being quoted at 3 while average receipts were quoted at 27 and 30 Today's Wholesale Prices. Butter—Fancy, tub, 53a54; prints, : store packed, average receipts, 27a30. Poultry—Alive—Raoosters, 16; young Winter chicken: Dressed—Fresh- roost- s, 45a50; capons, cach; gees killed Wi ers, 19a20 . choice, 12; me- lambs, Spring, Live stoc! dium, 10a11 BY WILLIAM F. HEFFERNAN, NEW YORK, March 26,—Formal ap- proval by stockholders of the Brie Railroad of a merger of that road with the Nickel Plate system caused attention to be directed to the new Nickel Plate common, dealt in on a when-issued basis in the curb mar- ket. At 853 it compared with the previous close of 85 and was some- what more active. Traders in oil stocks ignored the weekly fligures on domestic crude oil production put out by the American Petroleum Institute, and were more concerned with the technical position NEW YORK, March 26.—Wollowing is an official list of bonds and stocks traded in on the New York Cura Market today: thousands, High. Sales in BONDS. 1 Allied Packers 6x 3 Allied _Packers s 4 Am 9 Am 9 Am 8 Am 85 new 2 Am Rolling Mills ts 1007 Asso Sim Hdw 6las S4Tx BALG & W IQSS 5 Bell Tel of 5 8 Cau Nat Ry # Cities Service 1 Cities Seryle Low 90 107% 90 s Bal 5i5s B s Bal 815 D iTeon "B, Tire & R 7s sig Oil 7 8 Gult il Corp . 1 Gulf Oil Corp bix.. luterior Paper 65 wi Lebigh Power 6s. 1 Lig W Lig R 1 Munitobs Power Mo Pac Ry 3 Morris & Co , 17a20; 30a32; lamb, Jolis, hams, 28; shoulders, 18a20. Fruit and Vegetable Review. Today's market report on fruits and vegetables (compiled by the Mar- ket News Service, Bureau of Agri- cultural onomics) says: Apples—Supplies limited; demand moderate, market steady: barrels, Maryland, Virginia and West Vir- zinia, A, 23 inches up, Black Twigs, some scalded, 5.00a7.00; Ben Davis 450a5.00; Yellow Newtons, 7.50a8.00; A, 21 inches up, Winesaps, 7.00a7.50: boxes, Northwestern, medium to large sizes, extra fancy Winesaps, 3.75a Romes and Yellow Newtons, New stock: supplies lim- light, market steady; hampers, pointed Celery—Supplles moderate; demand limited, market fairly steady; Flor- 1da, 10-inch crates, 3 to 4 dozen, 2.75a3.25, mostly 3.00a3.2] 2.75a Lettuce and Potatoes Drop. Lettuce—Supplies moderate, de- mand moderate, market slightly weaker; California, Imperial Valley orates Iceberg type, § doz. 4.00a4.50; North Carolina, 5-peck hampers, Big Boston type, 1.00a1.50. Onions—Supplies light; demand light, market steady; New York and Ohio, 100-1b. sacks yellows, United States No, 1, medium to large sizes, mostly ; Mexico, standard crates crystal white wax, fair condition, 2.00a2.25. Potatoes—Supplies moderate; de- mand . moderate, market slightly New York., 150-1b. sacks round whites, United States No. 1, 1.90a2.00 per sack; Michigan, 150-Ib. sacks russet rurals, United States No. 1, 2.25 per sack. Spinach—Supplies liberal; demand light, market weaker; Texas, bu. baskets, 90a1.00; Virginia, Norfolk section, barrels savoy best, mostly 2.50; ordinary to fair quality, 1.50a2.00. Strawberries — Supplies moderate; demand moderate, market steady; Florida, pony refrigerators, falr con- dition, mostly 35, few 40; poorer low as 25. Tomatoes—Supplies moderate; de- mand moderate, market steady; Flo- rida 6s, ripes and turning, wrapped, originals, fancy count, 5.00a5.50, few 6.00; cholce count, 4.00a4.50, few 5.00; poorer wide range in prices; fancy and choice count, 1.50a3.50. Asparagus—EXpress receipts mod- erate; demand moderate, market steady; South Carolina and Georgia, dozen bunch crates very large size, 7.00a8.00, low as 6.50; large size, 5.50a 6.50: small to medium size, 3.00a5.00. Eggplant and squash—Supplies very light; no sales reported. Peas—Supplies moderate; demand moderate, market slightly weaker; Californi: 45-pound crates, 5.50a6.00. Beets—Supplies moderate; demand light: market steady; Texas, bushel baske 2.00a2.25. Carrots—Supplies light moderate, market stead bushel baskets, 1.75a2.00. Caulifiower—Supplies light; demand ht, market steady; California, rates, best mostly 3.00. String beans—Supplies moderate; demand limited, market firm; Florida, 73-bushel hampers, green, wide range condition, 0a5.00, Peppers—Supplfes moderate; de- mand light, market firm; Fiorida, crates, fancy, 5.50a6.00; cholce, 2.50a 4.00. 3 demand Texas, CRUDE OIL OUTPUT DECREASES IN WEEK ociated Press NEW YORK, March 25.—The daily average gross crude oil production of the United States decreased 4 ls for the week ending March 21, according to the weekly summary of the American Petroleum Institute. The daily average production east of fornia was 1,342,700 barrels, a de- crease of 3,500. California production 602,000 barrels, a decrease of WIRED STAR FROM ENTIRE COUNTRY mers ulll plant § per cent less acreage to potatoes this year, acoording to reports assembled by Department of Agriculture agents here. Maine, New England's largest potato producing State, will plant 10 Dper cent less acreage. SHREVEPORT, March = 26.—Oil lease prices have soared in the vicin- ity of La Salle Parish as the result of the bringing in by the Urania Pe- troleum Company of a 700-barrel well. The well is 55 miles from any other producer, and is producing 21 Baume gravity ofl. BOSTON, Ma March 26.—The American Waolen Company will be able to maintain operations at the present rate of 65 to 70 per cent of capacity for several weeks to come, according to present indlcations, Men’s worsted orders have been dis- appointing, but the women's wear openings have been more favorable. PHILADELPHIA, thracite coal prices the Winter peak, mately 100 per cent above pre-war figures. Chuted in, stove and nut sizes are quoted at $14.25 and pea at $10 per long ton. March 26.—An- although below still are approxi- LANCASTER, Pa, March 26 —Lan- caster County tobacco growers ex- pect to profit $3,000,000 a vear by or- ganization of a co-operative packing and marketing organization, initial xleps toward which have been taken N Orlns Pub 1 Shawsheen Stand G & B Osage S Rubber & Rubber 8iss Rubber 6138 Kubber 6zs S Rubber 635 S Rubber 6izs Bogota Ss . King Nether Krupp Fri Lt 18 Mige Bank Den Os. . 1 Rep of Peru Ss ‘82 5 Kuss Govt 5 1 Russ Govt 6! 5 Kie & Halsks 14 Soleay & Co s 34 B 20 Swiss Govt s Tobo Elec Pow STANDARD OIL 1S les units. 1900 Anglo Am OM..... 0 Tmp Oil of Can nw 3300 Intern Pet Co Ltd. 10 N Y Transit... 100 Ohio Ol . 800 Prairie 01l 120 Prairie P L.. 130 South Penn 10 Southern P I 81008 O Iud.. 1600 Vacunm Of1 Sales INDEP! o hundredy m Maracaibo Co 10 Cit Serv prd B 4 Cit Serv ““B" cfa. 2 Columbian ~ Synd ontinental O . ‘ontl Ofl Rts wi 3 Creole SNypd . Derby O & R. 2 Gibsou 01 Corp 1 Gulf Ol of Pa Lago Pet Latin Ame: Mex Ol s.uuicns Mex Panueo ...... . Mount _Prod i Peer 0Il £ Pennock Ol Corp. 11 Ros Canads 0 & R 56 Ryan Con . 9 Salt Ok Prod TUnited Centrai 0il 3 Venezuelan Pet Washington Stock Exchange. BALES, ‘Washington Rwy. 01, $6,000 at 70} 34,000 at 79 Capital Traction Co.—10 at 1. Latston Monotype 10 at 8oy, 10 at 81 20 at 8113, & at i, 10 at 815, 10 at 81 10_at 811y ational Mtge. & Invest. pfd.—300 at 9%, 200 at 9i. 200 at 93 100 at . AFTER CALL. Firemen's Ingurance Co.—50 at at 2 aaun Monotypc—10 at 81% Money—Call loans, 5 and 6 per cent, BONDS. Bid and Asked Prices. PUBLIO UTILITY. 2%, 30 Am. Tel. & Tel. ctl. tr. Am_ Tel. & Tel, conv. Bs. Anacostia & Potomac Gs. Anacostia & Potomac guar. Ot . & P. Telephone 5e. C. & P. Telephone of ¥ Capital Traction R. E. City & Suburban 5s.. own Gas Ist ¢ Elec. 1st 58. . cons. Kiex & MC Wash, Balt. & Annap. 3 vashington ¢ ton Wash. Rwy. Wash, Rwy. & Elec. gen. 65, MISCELLA. Paper 6s. oint Stock 1'd Tik: D. G P Rigg Riggs Realty Southern Bld Wash. Mkt Wardman Park Hotel fis.. STOC PUBLIC UTILITY Amer. Tel. & Telga.. Capital Traction. Washington Gas. Norfolk & Wasl Wash. Rwy. & Wash. Hwy. & Terminal Taxi com NATION National Capital . Chlumbia ... Commercial . District o..... armers & M Federal- Liberty . Lincoln amboat. . i AL BANK National Bauk of Washingion. TRUST COMPANY. American kcurl(y and Trust. Unlon Trust ... Washington Commerce & Savings. East Washington ... Security Seventh Street United States Washington Mechauies FIRE INSURANCE American Corcoran Firemen's ¥ National Union . Columbia . Real Estate D. C. Paper Merchants' Mergenthaler Linotype atfonsl Mortk. & Inves Ol Duteh Market com. 01d Duteh Market pid Lanston Monotype Security Storage Seventy-five per cent of the grow- ers will participate. Washington Yellow Cab . “Br arv. 1% ex iz ‘ 0 | Mercur Bauk Viesn THE EVENING STAR, WASHINGTON, D. C, THURSDAY, NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office of the market. Vacuum ran into heavy offerings for a time, but the de- cline was arrested after the stock broke through the 88 level The decline in radio stocks contin- ued, but along more normal lines. De Forest Radio was an exception. The advance of 14 points to 24 in ational Power and Light reflected the belief that a split-up and recapi- talization would soon be announced. claration of a quarterly dividend 35 cents a share by directors of Utah-Apex, as against the last quar- terly disbursement of 25 cents, passed unnoticed, Wilco Vil & Gas 6l Woodley 5 Pet 5 INDUSTRIALS 3 Acme Pack ...... 40% Allied Pack pr pfd o7 Am Gas & Bl wi.. =8 T Pl wio. 1001y Assoc Gas & Elec. 26 Armonr & Co B vie 18 ¥ 1 Borden Co ris Wi Botany Cons Mix A city RR ght ... Car Light pfd.. Care_Power S 2 Centrit Pipe Cor Chapin Sacks & U Chi Nip A 5 Cleveland 5 Cin Ind W RR ¥ Commwl Pow Corp. Comm_Pow Cor prd 50 Com Pow Cor wis. Gax Bait uew 10 : & Radio 2 Durant Motor. Dupont Motors Bo & Nh pfd irennan Bak Grimes 1t Landover H Lebigh Pow sec Leb Val Coul N O Liberty Radio Ch St 3s Mengel Box. Mesabi Iro 2 Middle We Moore Drop Forg A ¢ Corp.... ter Corp. at Dist Pr vt t of ut Pow & Lt % N Y Tel Co pid, ] e Wl Atr Oliio bor States P Oumnibua ¢ Ine Pow Corp of N Y. Pratt & Lambert ( Bakerics B.. inger Mfg Ltd Sieeper K€ vte Pr A B Standard Standard Pub Co A Stutz Motor Tower Tulip Lo United G & E new nited Lt & Pw A 48 United Profit Sha; Ctilities P & Lt A Yel Taxi Corp N MINING Globe Cop o Copper - Ext Mines ) Camstock Tuunel Diamondfld Bl Rut 3 Dolores Esper Eng Gld Min Lt In Eureka_Crosus 2 Mines. | Top Nevada.. nger Hecla Mine Howe Sound n vis Independence Lead Jib Cons Kay Copper Corp Loce Star .. Val Tin Ohio Cap Pivmonth Leud Mas Red Warrior United Verde Ext U 8 Continentsl Utah Apex . 5 Wenden Cop) SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) ‘ oo Aluminum Co. of Amer. 7s 1833, or American Sugar 6 1937. 1 American Tel. & Tel. fs 1935 Aunconda Copper s 1929, . Anglo-American Ol 7ias 19 Associated Ofis 6s 1035, . Baltimore & Ohio Gs 1 Bell Tel. of Canada Dy 16 atral ot Georgia, 6o 1 Oregon Short Line gt Pemna. R. R. 7s 1830, Pure Ofl U, S. Rubber Tigs 106 Western Union Gis 10 Westinghouse Fisher Body Corp. 6s 1925, called on Feb. GERMAN BONDS AND STOCKS. (Quoted in dollars per million mark Bid. Asked. Ger Gt (war loan) 5 Hamburg 4%%s 1919. 1923 (sm pieces) (Qunmd in dollars per thousand marks Ger Gen Elec 4158 1919. Berlin 4% pre-war. Hambg 3, 3368 & 4% pm Consols 3! s 19: Dasbiidort du. pee war. Frankfort a-M 4s pre-war Munich 4s pre-war. Badische Anilin. AP G (Ger Ge Eiec) Commerz nud Privat Bank. Disconto Gellschaft Dresdner Bank Deutsche Baok Darmstaedter Bank paEREEE 21 pBi 20-Year Sentence Upheld. Special Dispatch to The Star. RICHMOND, Va., March 26.—Chester Goins of Lee County will serve 20 years in the State penitentiary for the slaying of Steve Neal of that county. Both were enamored of a pretty widow. Neal ordered Goins to cease attentions to her. Angry words re- sulted in a fight and Neal was killed. The trial court imposed 20 years, and this has been upheld by the Supreme Court. - Elephants contlnue growing for 40 years, NEW CROP REPORT T0 HELP FARMERS How Much to Raise and Best Time to Sell Outlined in Agriculture News. Great improvements In the adjust- ment of the supply of farm products to the damand are made possible as a result of recent innovations in crop estimating and forecasting by the United States Department of Agricul- ture. Forecasts of the production of some crops and live stock have at- tained enough accuracy to indicate future price trends. Farmers can use such forecasts in planning their planting and breeding oerations. In this way ups and downs, both In pro- duction and prices, can be made less extreme and orderly marketing fa- cilitated. 74 Crops Are Covered. Crop and live stock reporting by the department now covers 74 crops and all classes of live stock. Its valus is universally recognized. Of- ficial crop statistics protect the farm. er by lessening the effect of mislead- ing private reports. Forecasts of potato production give the intelligent farmer information that he can turn into money. When the department forecasts a large late crop the growers of early potatoes know their best policy is to sell their crop as soon as possible, so as to avoid coming into competition with the growers of the late-maturing va- rieties. If a short late crop is fore- cast the producers of early potatoes can hold their supplies for better prices or can augment the supply by delayed harvesting. Surveys of Dairying Help. Similar aids to intelligent market- ing are to be given by surveys of dairying, which will forecast butter and cheese production and estinate the number of dairy cows there will be on farms at & certain dats. FPoul- try surveys are planned to indicate early in the Winter how many hens and pullets are being kept for laying and throw light on the probable Spring egg crop. The turnover of most farm crops is at least a year. Once crops are planted and live stock bred the only adjustment a farmer can make to an unfavorable market situation is to change the time and manner in which he will sell his products. As he can do this only within narrow limits, it is better for him to gauge his production ahead, in accordance with available data forecasting pro- duction and price trends. ALEXANDRI/ ALEXANDRIA, Va, March 26 (Spe- clal).—Police today are working on several clues in connection with the | robbery vesterday, in which B. A.| Pomeroy, Washington, manager of a! store at 1004 King street, sald he lost a box containing $625. According to the police the money was hidden a rice bin. The door was found open by early customers. Potomac and Alexandria have de- cided to bury the hatchet and road signs along the Alexandria-\Washing- ton highway have been removed to the Potomac side. The speed limit on the State highway of 18 miles an hour set by Potomac will continue to be enforced, according to Walter U Varney, town attorney. The highway commisslon is Investigating the case, looking into the legality of the town setting the speed limit on a high that is not within the town, but which abuts it on the eastern side. City Manager Rich will be thanked for the courtesies Alexandria has shown the | town in allowing it to bring prisoners here to post collateral. Ray B. Co- bean, jr., has been named deputy ser- geant in Potomac and will hereafter take collateral, In default of which the prisoners will be incarcerated at Arlington jail. Bus advocates and friends of the Washington-Virginia Railway Com- pany are marshaling their forces in preparation for another bus fight be- fore the State Corporation Commis- sion April 2, a week from today. The bus line is seeking to double the num- ber of trips to Washington. The ral way is objecting. The railway is seek- ing to increase the number of trips from Seminary to Potomac by way of Alexandria. Mrx, Laura George Buried. Funeral services were held here this afternoon for Mrs. Laura George, 29 vears old. who died Sunday in Hagerstown, Md., after being injured in an automobile accident. Services were conducted at the home of her mother, Mrs. Rebecca Gilmartin, 211 Queen street, by Rev. J. A. Dudley, pastor of the Methodist Protestant Church. Burial was In Bethel Ceme- tery. Harry Johnson, colored, elected to defend himself in Fairfax Circuit Court yesterday, where he was B. & O. Revenues During February Under Last Year| By the Ausociated Press. NEW YORK, March 26.—February revenues of the Baltimore and Ohio Railroad were smaller than those of the same month last year, net operating in- come declining $220,618 to $1,500,442. Gross fell $1,38,431 to $17.109,559. Net for the first two months this year, how- ever, showed a gain of $312,998 over the corresponding period of 1924, although gross revenues declined $1,760,196. RAILWAY EXPRESS NET UNDER 1923 FIGURES By the Associated Press. NEW YORK, March 26.—The report of the American Railway Express Co. to the Massachusetts Department of Public Utilitles shows net income of $2,281,999 for 1924, equal to $6.59 a share on the capital stock, against $2,459,768, or $7.10 a share, in 1923. Total revenue declined to $150,639,783 from $157,443,761 the year before. Surplus after .dividends was $2 479, romnurcd with $281,248 in 192 RUMELY'S NET IMPROVES. W YORK, Marc In trast to net loss of § by the Advance Rumely the report for 1924 shows net income of $435,736, equivalent to $3.45 a share on $12,300,000 preferred stock con- REAL ESTATE LOANS ANY AMOUNT 5140), L inone BUSINESS PROPERTY RESIDENCE LOANS AT LOW RATES FRED T. NESBIT INVESTMENT BLDG. Main 9392 | Loans i(epiajvable Monthly Over One Year 4’ | The Morris Plan Bank ‘ 13th and Eye Sts. “Character and Earning Power the Basis of Cre MARCH 26, 1925. [ FEDERAL- AMERICAN Il NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOL President || First and second trust real estate notes secured on income producing real estate in Wash- ington, D. C. Conxtruetion Loans Made Real Estate Mortgage & Guaranty Corporation 26 Juckwon Place N.W. Ttesources Over $2,000,000 L. E. BREUNIN President We Own All The First Mortgages Which We Offer For Sale— This is one Of the Vital Reasons For In: In Our First Mortgage Notes Paying 6 They are all seoured upon improved Real Estats in this city—worth double the vaiue of the mortgage. Ask for Booklet tgage Investment sting Dept. 1 bave heen suthorized by client owa $180,000 of bigh-grade first notes, secured on valusble real extat 5 who trust o n 1 in value some of the most active land which s rapidiy adv notes Are on 3 most conservative the land being worth about twice the fac. the makers being 1o of these securit Robert H. McNeill 1023 Woodward Bldg. Main 1230 Money to Loan Secured by first deed of trust on real estate Prevalling interest and commission Jouiph 1. Weller 20 ¥ Bl4, FIRST MORTGAGES FOR SALE Denominations of $250, §500, $759, $1,000 and upwards 6%2% All Loans Made om Property Located in the District of Colunrbia JAMES F. SHEA 643 Louisiana Ave. N.W. Smith Bonds Pay 7% TKE rate of interest paid on Smith Bonds--7%-- is the highest rate consist- ent with the first mortgage investment standard which The F. H. Smith Company has maintained for 52 years. ‘That standard is charged with stealing chickens. He lost his case and the jury gave him three years. He thanked the jury. A nominating committee of the As- sociated Charities will meet in the rooms of the Chamber of Commerce tomorrow afternoon at 3 o'clock to name nine directors. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks London, pound .. Montreal, dollar Parls, franc Brussels, fran Berlin, 'mark Rowe.," lira Zurlch, franc . Athens, drachma Madrid, peseta .. perfect safety. No first mortgage investment sold by this bouse since it was founded in 1873 has caused any investor the loss of one cent of principal or interest. Mail the coupon today. TheF. H. $mith Co. Founded 1873 Ne Loss to Any Investorin 52 Years Smith Building, 815 Fifteenth St. THE F. H. SMITH COMPANY | Smith Building, Washington, D. C. Please send me information about Smith Bonds paying 7%. L oaTrut| | i 5. 9th & F N W. | [SHANNON & LUCHS 713 and 715 8 Symbol o1 Real Investmerit Serzice Every phase of service that would help make your invest- ments safe and profitable is here at your disposal. Wheth- er it is advice regarding in- vestments you intend making, formation concerning secu- s you own, re-investment of funds or exchange of in- vestments our Trust Depart- ment is equipped to care for vour needs. 7% First Mortgage Investments Goldsmith Building B405-7 Eye StN.W, M 967 FINANCIAL. FIRST MORTGAGE NOTES FOR SALE IN DENOMINATIONS OF 500 DOLLARS AND UPWARDS Rundill H Hognon © G 1821 Conneclicut Suenas This Is a Real Banking Home —to scores of represent- ative W a s hingtc Many of their fa even their grandsires, in many instances, banied here, 8o the M politan has the “family * Thix conid: SERVICE banking pr National RS Metropo mtarm Bank QL DIES National Bank in the City 15th St., Opposite U. S. Treasury When You Buy First Mortgage Notes UR principal protection lies in the (@] Y integrity, responsibility and experi- ence of the company through which the purchase is made. F\'tending over a long period—more than 55 years—this house has transacted busi- ness amounting to millions of dollars for thousands of clients without a single loss to any investor. The significance of this record is appar- ent and it is safe to assume that a company which has maintained a perfect record for over half a century may be expected to exercise the same care and judgment in handling its clients’ funds in the future. Our First Mortgages are now yielding 61%%, and may be purchased in denomi- nations of $100 and upward. SWARTZELLR;-IEEM:: :HENSEY Co. 20-15"Sreel. N W (Ldshington.D C. Without Los.‘ to 55 Years An Inwestor. TH known. = S erty owner. to you. Houses, Main 2100 Real Estate Management UCCESSFUL management of real estate de- mands wide experience, sound judgment and every consideration for the interest of the prop- estate are unexcelled and will prove profitable We Specialize in the Management of Apartment B. F. SAUL CO. Our facilities for the management of your real 925 15th St. N.W. 1418 Eye Street N. W. 250,000 Shares Comm A Good Investment E Mortgage Bond and Guaranty poration deals exclusively in First Mortgages, secured by 1mpmved income- producing real estate. this is the safest field of ital, through the sale of guaranteed Fir Mortgage Certificates, assures a very at- tractive return to the investor. The management comprises a group of bankers, real estate and business men of ex- cellent character and high standing. They all enjoy unbroken records of success and their expert knowledge is especially adapt- able to the profitable and conservative management of the company’s business. It will be seen that the three essentials to a good mvestment—Management Safety and Income—are secured in the Mortgage Bond and Guaranty Corporation. A portion of the stock is now being of- fered at the same price paid by the officers and directors. The preferred stock bears an immediate return of 8%. 1 Share 8% 1 Share Common HUGHES & COMPANY (INCORFORATED) INVESTMENTS Mortgage Bond & Guaranty Corporation WASHINGTON, D. C. (Incorporated Under the Laws of Virgin Authorized Capitalization 8% Cumulative Preferred Stock, $2,500,000 !l.ck pur value $10.00 $2,500,000 It is recognized investment The constant turnover of the cap- t ‘Cumulative Preferred . $1 250 HUGHES & COMPANY 1418 Eye 8t. N. W., Washingten, D.C. Please send me your new boeklet— “Progress.” Name Street Address 853 854 37 Telephon. min { City