Evening Star Newspaper, April 3, 1925, Page 29

/ FIN WHDLESALE PRIGES UNCHANGED TODAY Fair Demand for Turkeys Ex- pected at Easter by Local Dealers. Dealers anticipating a fairly for turkeys for the the last heli- {hey will be in after the Easter sea- remarked a poultry “the demand for the king fowl will ba very lght.” There is an ample sunply of frozen stock on hand. receipts of fresh- sto: being light. Fresh-killed were quotod at 45 and 30 cents today, frozen stock brIngIng ¥ 40 and 45 H Today's Wholesale Prices. Butter—Fancy, tub, 54; prints, bd, 20a selected, ceints, demand hoiiday season, is Spring that \na 5a57; store pac Eggs—Faney, a%2; average r a0, t Poultry—Alive—Roosters, young Winter chickens S: fowls. 32: Aucks. 15 young, 60a70 cach; geese sed—Fresh- illed Winter ars, 19a20: fowl ducks, 25a28; geese. ads Live stack- dium, 10a11 13: live hogs, Meats—Be 5 hogs. 201 Toins, 28a30: shou 16418 Fruit and Vegetable Review. Today's market report on fruits vegetables (compiled by the Mar- e Bureau of Agricul- ) says Apples— demand . moderate steady: barrels. Maryland. fa and West Virginia. A2% nehes up Winesaps. 7.00a8.50, mostly 7.00a8.00: A21; inches up Winesaps. $.00a6.50: A2% inches up Romes, 7.00 2800, mostly 8.00: A2%: inches Ben Davis, 4.30a5.00, few sales 5.50: boxes, Northwestern. medium to large sizes. extra faney Winesaps mostly 3.50: ex- Yellow Newtons, 2.75a3.00, candled, 3 keats, : turkeys, 45a30; 20a25; capons, 40 Calves. thin, 8a0 13a1 13: me- Spring choice lambs. X lamb. hams, veal, 28a30; Asparagus—Supplies liberal: de- mand light. market fairly steady: Georgia and South Carolina, dozen- bunch crates, very large sizes. 5.00a v 5.30. few 5.00: large sizes, 4.00a5.00: small sizes, 5.0083.50. Cabbage--Supplies mand moderate, ma Carolina, 1 tvpe, 1.25a1.30: 2.50. Celery—Supplies liberal market steady: Florida, 5 dozen, 3 Lettuce Demand Light. Lettuce—Supplies liheral: demand rket dull; California, Im- Valiey, lceberg type. | dozen North Caro- ton type, moderate ba demand 10- demand v York, 100- United States 2 medium to targe sizes, 3.50a .5 Potators—0ld stock. supplies mod- erate: demand moderate, market ady: New York., 130-pound sacks nd whites. United States No. 1 around 2.00 per sack: Michi 50-pound sacks Russet Rura States No. 1. 2.00a2.25 per stock, supplies moderate; demand light, market weaker: Florida, double-head barrels Spaulding Rose United States No. 1, 8.5029.00: United States No. 2 around 6.00. Spinach—Supplies mod:rate; mand slow, market dull: Texa 1 baskets 90; few, 1.00; Vi Norfolk section, barrels Savoy, nary quality 1.50. Strawberrie app + mand good, market pony refrigerators, United sack; new de- es light: de- steady: Florida, 45 per quart. mato Market Light. Tomatoes—Supplies light; demand lght, market steady; Florida, sixes, nd turning, wrapped fancy 6.0026.50; choice count statoes—Supplies ht. market and Delaware ow varietie North Carolina rels var North and Souti stave barrels, liberal; steady; Vir- bushel hampers, No. 1, 2.40a2.50: cloth top stave bar- ies, No. 1, 5.50a8.00; Carolina, cloth top ms, whites and reds, demand light: demand California, 43- round, 5.00. s—Supplies very light, market steady; pound crates, amostly Cucumbers—Supplies light: demand light, market steady: Florida, T- bushel hampers, faney, 5.00a5.50; choice, 3.00a4.00 Cauliffowe mand slow crates, 3.00. String beans—Supplies mand light, market 7a-bushel hampers, poorer, 4.50 Peppers—Supplics very light: de- mand moderate, market steady; Flor- da, crates, fancy, 5 Carrots—Supplies light steady upplies lim market steady: ted: de-| California ligh steads: best, 5.00a5.00% as, bushel upplies very light; de- market steady: Floride, pepper crates, mostly around, 5.00. Kale—Supplies moderate; demand light, market steady; Virginia, bar- rels, 1.00a CO-OPERATIVE MARKETS EXPANDING RAPIDLY | Two and one-half million farmers are members of co-operative market- ing organizations throughout the country, and 46 per cent of the total veside in the 12 north central States. “The total, set forth in a survey just » d by the Bureau of Agricul- . compared with 651,- of such organizations in Squash— mand slow, Southern States reported the great- est inerease in the membership of co- operatives, 913,000 being registered, | compared with 104,000 ten years ago. NEW’ bVEkLAND xiaconn. NEW YORK, April 3—The Willys- Overland Co. turned out 24,300 cars | in March,a new high record. Retail! sales for the month, it was announc- | ¢d, were 38 per cent ahead of the same month last year. EARNS $5.73 PER SHARE. NEW YORK, April 3—The Nationai | Public Service Corporation reports &ross earnings of $10,345.292 for 1924, and net earnings of $4,046,.219. Bal- nce after depre but before amortization, wa 3, or about $5.73 4 share on the class A common. HURLEY VOTES EXTRA. Neiw YORK. April 3.—An extra dividend of 25 cents a share on the common stock of the Hurley Machine Co. in addition to the regular quar- terly §1 dividend, which had been de- clared in the two previous quarters, again was authorized today PENDING MERGER DENIED. NEW YORK. April 3—Reports of a pending merger of the Camphell Soup Co. and the Van Camp Packing ‘Co. were denied today by banking ANCIAL NEW YORK CURB MARKET Received by Private Wire Direct to The Star Ofice BY WILLIAM F. HEFFERNAN, NEW YORK, April 3.—The Stand- ard Ofl issues continued the most prominent group in the Curb Ex- change dealings today. Standard Oil of Indiana maintained its place of leadership, crossing 63 In quite heavy volume. Prairle Oil and Gas, new stock, was another favorite. It had closed Thursday ut 53 and today was in demand nearly a point higher. Standard Oil of New York also work- ed higher. Humble Ofl, on the other hand, following the run-up on the NEW YORK, April 3.—Following is an official list of bonds and stocks traded in on the New York Curb Market today: Sales n thouxands. 2 Allied Packers 8s.., Beet Sugar 88 Gas & 8 Fower & Lt 6 Sum Tob Tiow.. 878 Thrend Co 65... 1034 3 Anaconda 6x......00 1081 1 Asko Sim Hiw s STR&OSW . %8 T Reaverboard 6x..... 83 22 Boll Tel of Can 38 A BONDS Lovw [ 9713 %07 9 o7ey 10958 i i 08 High. Close. 31 o715 o1l 03t & Citiew Service 12 Citle: i 1 3 & & « 1 13 Detroit Edivon 6... 3 Dunlop Tire & R % 3 Federal Sugar 5 33 1 Gulena Sig N 15 Gult Ol Corp 3 5 Gult 01l Corp 3 13 Ini Pip 6s A w 2 Kan_City Term 1 Lig Win Lig re 21 Manitoba Power 8 Morris & Co Tiew... 1023 3 Nw Orlns Pub 8er 53 8940 . Loty 10115 98 102 T 96 10214 10715 1087 1021 10215 1y 1011 7 Oblo Power 50kia G E S....... 10 Penn Fow & Lt 58 1 Pennock 0il Corp 68 1 Phila Elec 3iia 15 Paila Rap Tran 6s 8 Pub G & E Co 3tys. 6 Pure 0il Co - o0 C 101 Byl 94y 8 Stand Gas & El 6153 1S 0 N'Y b : 2 Bwift & Co 11 Thyssen Iv 5 Union Oil Prod Ss. 7 U S Rub 61 268 wi T 8 Rub 8i3s 32s wi 11 U 8 Rub 6l 33s wi S Rub 6igs 45 wi i S Rub 815, cuum OI bster Mills FORE 2 City Bogo's 8s 4 City Graz Ss.... France is 10015 1013 1015 1001} S 901, 90! OIL 18¥UER 1014, 1001% 2700 Anglo Am 0il 100 Atlantic Lobos 40 Borne Scrymser 50 Cumberland P L 20 Bureka P L . 4300 Humble 0il & B 1400 Imp Ol Can pew 10 Ind P L 2800 Inter Pet Co Lid 50 Magnolia Pet . 200 Nat Transit 200 Olio Oil .. 800 Pean Mex Fuel 2200 Prairie 0l & G new 10 Prairle P L ...... 340 South Penn 01 ) S 0 Indiana 300 8 0 Kansas 400 & 0 Kentucky 1700 SON Y ... 10 § 0 Onio pfd... 2) Swan & Fioch $00 Vacuum 0l Sales in INDEPENDENT O1L 8TOCKS. Bundreds. 1 Carib Ryndicate ties aw skt 341, B8y 1185 11653 188 Service ptd. Serv ptd B. Serv B Columbian 46 Creole Nyndicats 1 Derby 0 & R 5 Gibson Oil Corp Washington Stock Exchange. SALES. ‘Washington G”':.-’-:gnuo? o8N, 1,000 3t 000 at 500 a O a0 Monotspe—3 at 81, 10'at 81, 10 at 81 AFTER CALL. Se-—$1,060 at 9215, $2,000 at Geargetawn Gas S Light—10 st 58%;, 10 at at 9215, $2.000 Wasiington, Gas 381 Mineton (Gan 6 "33 5500 at 101 bngton Ewy. & Electric pfa.—1 at 8015, 8015 > hiakton Rewy. & Electric g. & r. 66 '33— 11013 atl Mtge. & Invest. pfd.—-20 at 9% Real Estate Title Insurance Co.—S at 145, ® okt & Elec. pfd.—10 at 8115, ngton Rwr. LA AN 8135, 11 ar 82, Money—Cail loans. § and 6 per cent STOCKS. and Asked Prices. PUBLIC UTILITY. Rid 964 Bi Asked. :menc:n Tel. & Telga. 4%as.... Am. Tel. & Tel. ctl. tr. 5s. . Am. Tel. & Tel conv. 8s. costin & Potomac 5s. C. & P. Telephone 5s.. C. & P. Telephone of Va. Capital Tractioa R. R. b City & Bubarban B T Potomac Elect mae Elec. cons. 5. oo Electric s 1053, . m. & N". K ot. Fikas Reatty 5e ({ong) s (short). BONDS. PUBLIC UTILITY. Tel. & Telga. ; ‘Wash. Steamboat. Wash. Rwy. & EI Termhinal Taxl com.. ATIONAL BANK. 133 ational C: Columbia Commercil Pitmers & Mechanics ederal-Americ: Liverts Lincoln Natlor Riggs cond .. ‘ational Bank of TRUST COMPANY. Security & Trust. re at'onal Savings jon Trust e Washiagton Loan & Trust SAVINGS BANK. Commerce & Eavings. Fast Washington....... Security Savings & Com. American . Corcoran Firemen's . National Usien. Columbia Title. Resl Estat Mergentual Natl. Mtge. & Tn 014 Dutch Market com. Ol Duteh Market pi Japston Monotype. Becurity Storag interests conngated with the Campbell company. Washington Yellow Cab.. *Ex div. preceding day, Tost practically all of the gain as It got down again around 44._Other ofl shares did lttle. The reason for the continued strength in the Standard group was not difficult to explain. The quash- ing of the indictments in the District of Columbia Supreme Court ugainst two or three persons who have played & prominent part in the Teapot Dome coutroversy was a cause of reilef. Also the market was reflecting the drop in crude ofl production and the returning to the statistical position in the industry. 2 Kirby_ Pet 232 Lago Pet 170 Latin-Am Oil. B PEFER FEEE §F e 3 New Engl Fuol Oil New Mex Land... Peer 01l Com. Peonok Ol eazoliaatonial Salt Ck Prod. Tidal Osage Oil NV United Ceutral Ofi. YVenezueinn Pel 2 Wilcox Oil & G INDUSTRIALS. werpower B 2 Appslac Fo & Lt 1 Asso Gax & miec .. 8 Armour & 5 Artioom 3 Artloom ( S i 8 Chapin Backs & (o 4 Chatterton & Son Commonw Pow Cor Com Pow Cor ptd.. Pow Cor war. s Balt new S Continental Bak B 4 Continental Bak pfd i Cuba Co L8 Loty Toc ‘wiliilll. De For Rad Co vic Doshler Die Cas Co Durant Mot i Dus Co A. e Bd & Shar pfd d & Sh new co ¢ Investors Inc. 36 Elec Pow Lt wi.. I Federated Metais T 6 Freed Eise Rad Co Gurod Corp o 1 Gen Outd Ad Co A 2 G Ontdoor A Co vic 2 Gillette 8 R....... 1 Happiness Can 81 A 4 Hazeitine Cor Heyden Chem ... later Cont! Rubber 2 Keivinator Corp i Landover Ho Cor A 1 Lebigh Pow sec 19 Lih Val Coal N © 1 Libby Me: 1 Libeity 2gMesabi Irom . 137 Middle West Ut " i Mid West Util pr i 4 Moore Drop For A.. 3 Mot Wh Cor new 1 Nat Leather .. LERCEC t Tea Co ... Y Tel Co pfd . - Plate new wi . i Plate new pf wi 1 Nor Sta Po Cor war 4 Ntn Ohio_Pow 13 Omaibus Vor v t c.. 1 Paige Motor........ Patue Exeh Inc AL Philadelphin Elec 2 Power Corp of N Y. T Pet Milk ptd wi... « Procter & Gamble I Purity Bakeries A 2 Purity Bakeries B 2 Reid Iee Cream. ... 3 Rem Noiseless T A’ Yy Lem Nias T pf ex d % Reo Motor........,. 2 Beagrave Corp.. 1 801 Gel Pr new vic. | <2AE 15 South Calif Edison 14 Souts Cal Ed B pf. Soutuwest Beil pfi Bpear & Co....... Bpeare & Co....... Standard Motor.. Stand Pub Co A. Stutz Motor...... Buperheater Bwift Tntl Ewift & Co... Tean Elec Powe Thermio Radio Cor. Aw Thread pd..... Tobucco Prod Exps Usfon Carbide ited Pt Shar... 1P & L Co Van Camp’ Pack.. Victor Talk Mach Warner Bro Plct A Western Pow ptd Wh Rk Mo Sp new Wk Rk M 8 n vte Wickwire 8p St O Yel Texi Corp N ¥ MINING. Am Commandr Min | Arizona _Globe Cop ‘opper ino Ext 3in 7 Dismondfield B 05 Eng Gold M Lt Ind 2815 Eureka Crosus 19 Goldfield Deep M. .0: Herm{tl Div....... Hawiborne Mi| Hill Top Nevada Hecla Aipe. ... Howe Sound B st 1 o e b 10 i o (Lo ey »08..83883355,:38 Nipissing 0Ohio Cop S Par Porc Min Ltd. 30 Plymouth Lead Min .80 Quincy Mine ...... 2 80 Am Gold & P. 3 Un'ted Verde Ex Utab Apex ex d Wenden Copper . White Cape LEHIGH VALLEY'S NET UP. 'EW YORK, April 3.—The Lehigh Valley Co. had record gross revenues in 1924 amounting to §76,374.805, an increase of $439,651 over the year be- fore, it was shown in the annual re- port. Despite segregation of the company’s coal proper: net income was $7.352,037, equal to $6.06 a share on the outstanding common stock. PARIS BOURSE HEAVY. PARIS, April 3.—Prices were heavy on the bourse today. Three per cent rentes, 46 francs 80 centimes. Ex- change on London, 93 francs 20 cen- times. Five per cent loan, 66 francs 70 centim The dollar was quoted at 19 francs 43 centimes. HOE INCOME DROPS, NEW YORK, April 3.—Net income of R. Hoe & Co. declined in 1924 to $729,881 after interest, depreciation .;'zda taxes, in contrast to $1,299,290 in 1923, ‘WOOL PRICES SHADED. BOSTON, April 3 (Special).—Shad- ing of wool prices continued today in | some lines, with mills generally holding off for further declines. Au- stralian 64x70s were quoted at 1.25, clean b in bond, a decline of about 5. Montevideo 4s have sold as low as 45 in the grease, as compared with 47 to 49. Fine territory wools are so scare that the 140 quotation is regarded as nominal. BUTTER LOWER TODAY. CHICAGO, April 3.—Butter—Lowes creamery extras, 42; standards, 4 extra firsts, 41adlis; firsts, 40a403% seconds, 33a35. Eggs—Unsettied; ri ceipts, 28,806 cases; firsts, 28%: ordi- nary firsts, 27%; storage packed, ex- tras, 30%; firsts, 20%. —_— Your Ranker Knows. When in doubt about a securlty comsult your banker. It is equally as much his interest as yours to pro- tect your savings. You trust him with your deposits—why mnot trust him with your investment proble: G STAR, WASHINGTON, D. €. IRON AND STEEL DOMINATION SEEN Birmingham Has ~ Rare Chance to Grasp Trade Through South. BY J. C. ROYLE. | Spacial Dispateh to The Star. BIRMINGHAM, Ala, April o Birmingham district expects within five vears to dominate the markets for iron and steel in the territory south of the Ohio River, to capture more than a fair share of European trade, to supply the 'West Indies and Central and South America, and com- pete on better than equal terms with the other steel centers for the trade of the Pacific Coast and the Orient Steel experts here look forward to a tremendous increased output, and an extraordinary proportion of the workmen themselves are buying stock in the industries of the district with every spare cent they can save There s no doubt that they have cause for their confidence, for no dis- trict in the weorld has better physical and steel upply Will Last 100 Years. The valley here. 5 miles wide, is bordered on one side by mountains of iron ore. of which sufficient is blocked out to last for a hundred vears at a much higher rate of consumption than at present. On the other side are equally extensive deposits of cok- ing coals and beds of dolomite lime- stone. The furnaces and coke ovens are midway between. Thus all the raw materials for manufacture of pig iron and steel products are at hand without expensive transportation than in other steel centers unionized. Heavy Local Consumption. At present a tremendous quantity of Birmingham pig Is consumed here. Tn the last year 2,783.826 tons of pig iron were produced, and the larger part was consumed in this district The iron and steel industry now has a weekly pay roll of about $3,500,000. The extension of the industry. ness men here assert, depends only on the completion of the present port development at Mobile. Through the Federal barge line on the Warrior River, the port at Mobile will give Blrmingham a water route to east Texas, Europe, Florida, the West In- dies, Central and South America and by way of the Panama Canal to the Pacific Already jacted. The Tennessee Coal and Iron Co. will put a new steel plant and a sheet mill into commission this month. Republic Steel is known to be contemplating additions to its pres- ent battery of furnaces. Tennessee Coal and Iron also is building an elevated rallroad from one side of the vallev to the other, by which it will handle raw materials at a mini- mum of expense. The road is being constructed entirely from refuse products about the plants. By using these old materials a large amount of valuable ground where they were piled has been recovered and made available for building purposes Plants Seeking Ecomomy. Svery plant Is Birmingham is striv- ing for a reduction of overhead. real- izing that it Is better policy to cut 0osts rather than raise prices. As a result, men in closest touch with the situation confidently expect a merger of independent companies in the not distant future. They select Slo Sheffield Steel, Woodward Coal and Iron, Gulf States Steel and possibly Republic Steel for such a combina- tion. Officials of those companies deny they know of such a possible merger, but the entire industry here has its ear to the ground listening for echoes of preliminary negotiations which they expect to come from’New York. Many steel men point out that such a merger would enable the companies involved to compete on practically equal terms with the Tennessee Coal and Iron Company, which is a United States Steel subsidiary and that such a merger would not mean moungpoly, but more active competition. TWO DODGE ISSUES ARE NOW PREDICTED lInquirln From Abroad Already . Coming in Regard to New Financing Plans. It is un- By the Associated Press NEW YORK, April 3.—Wide inter- est aroused by the purchase of Dodge Bros., Inc., by a banking syn- dicate headed by Dillon, Read & Co., and the large financing involved, is reflected in inquiries already being received from abroad. it is sald, for partieipation in whatever offerings of securities may be made. In the ab- sence of an announcement of definite plans for marketing the securities, the financial district hears that at least two classes of issues will be au- thorized. MIAMI COPPER REPORTS $383.222 1924 DEFICIT By the Associated Pres NEW YORK, April 3.—The Miami Copper Co. had a deficit of $383,222 for 1924, after allowing for dividends, compared with surplus of $807,158 the vear before. Total income was $1,- 111,006, after expenses, depreciation and taxes, but before depletion, equal to $1.48 a share on the capital stock. against $2,301,386, or $3.08 a share in 1923. Thel advantages for the production of irong Labor is plentiful and less expensive | extensions are being pro-| || FRED T. NESBIT $100,000,000 Drop In Brokers’ Loans Is Now Reported By the Associated Press. NEW YORK, April 3.—Brokers' loans are estimated in the finan- cial district to have declined about $100,000,000 in the last 10 days to the present total of $1,700,000,000, which fs a drop of $400,000,000 since March 6. Inquiries for fresh credit among large brokerage houses are said to be exccedingly small, while some of them are . lending money on call at small profits. GASOLINE OUTPUT Bureau of Mines Reports Huge New Stocks and Drop in Consumption. Gasoline States in J production in the United nuary amounted to 831,- | 370 gallons, the largest monthly put in the history of the indus- according to the Bureau of Jan production. the bu- id today, exceeded by 36,000.- per ce the out- put for December, 1924, when a new high profuction < had been set. The output for Nnuary rep nts a daily average of 26,800,000 gallons, as compared with the record-break- ing daily average of 25,665,000 gal- lons attalned in December. While production was reaching » new high, consumption dropped oft | 9.3 per cent in January over the December figure, amounting to 599.- 724,569 gallons, a daily average of 13,350,000 gallons. This was de- clared to be 20 per cent higher than the domestic gasoline demand for January, 1924, however. Exports of oline during Janu- ary were 6.000,000 gallons, a de-’| crease from the previous month. DRY GOODS STRONGER. NEW YORK, April 3 (Special) Cotton goods markets were a trifle stronger today, though business con- tinued slow. Print cloths were guoted at 91 for §4x60s and 113 for 68x72s. The raw silk market was quiet at un- changed levels Mines. | REAL ESTATE LOANS | 5%2% seiBati e [ INVESTMENT BLDG. Capital One Million Dollars 14th & H Strests WE FINANCE —all ciasses of incor producing property. Large Loans a Specialty Current iat. rate and commission. Higbie & Richardson, Inc. S16 15tk St N.W. FIRST MORTGAGES FOR SALE Denominations of $500, $1,000 and ::sw.'lrdl &6, 6Y2% All Loans Made em Preperty Located in the District of Columbia JAMES F. SHEA 643 Louisiana Ave. N.W. FRIDAY, APRIL. 3 1925. | SMASHES RECORDS || Money to Loan Secured by frst deed of trust ea resl estals Prevailing interest and commission | Joseph I. Weller ¢ Wask. L & Trut Bldg., 9th & ¥ N.W. ‘We Solfeit Applications for First Trust Loans Current Interest Rates Bought—Sold—Quoted Full ew York and Beriln ! Market Recelved Daily | 1 FEDERAL - AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President -~ Goldsmith Building 105-7Eye StN.W., M 9670 Send for Special Market Lettes Peter Whitney | 203 Investment Bldg. E Tetephone Fraskiin 3378 ! “WHEN” Investing In Our FIRST MORTGAGE NOTES —you not only get the advantage of absolute safety BUT an efficient, prompt and courteous service in the remitting of your interest. You can plan months ahead for your interest check reaching you the day due. Our facilities enabls us to provide for the investors of small ameunts of $100 to $500, all of which bear 6Y2% Information Booklet Sent Upon Request CHAS. D. SAGER Realtor Lean Dept. First Mortgage Notes —protected by carefully se- lected Washington real estate and paying current rates of interest, are available in denomi- nations of from $100 to $1,000 at the Loan Department of 924 141k BOSS Ab PHELPS “HOME OF HOMES" iy K Street NW » Main Established 1907 Invest Your April Funds at 7% RRANGE today for the prompt investment at 7% of funds you will have available during April. 9300 Let us send you descrip- tions of several attractive issues of 7% First Mort- gage Bonds that are now available. SmithBonds are sold in de- nominations of $100, $500 and $1,000 outright or under our Investment Sav- ings Plan. Mait the Coupon now. The F. H. Smith Co. Founded 1873 No Less to dny Investor in 32 Years Smith Building, 815 Fifteenth St. THE F. H. SMITH COMPANY N WA Smith Building, Washington, D. C. S MAN anFlae send me information sbout .Constructio ny pering 7%. 430 K Streat INC. Main 3550 “We Houae One-Tenih of Waskington's Populstion” You Yourself See —on every side of you the development of residences, apartment buildings, hotels and business properties that safeguard your holdings of Wardman First Mortgage Notes. Current Issues Bear 6% Inzerest Denominations From $100 to $100,000 We Own All The First Mortgages This is one Of the Vital Reasons £ For Ii In Our First Mortggge Notes Paying 614%. They are all secured upon proved Real Estate in this city— worth double the value of the mortgage. Ask for Booklet Mortgage sting Investment Dept. SHANNON & LUCH 713 and 715 14th St. N.W. Main 2345 for LOANS on Located in the IMPROVED PROPERTY District of Columbia and adjacent Suburbs in Montgomery County, Md. 33 % INTEREST APPLICATIONS INVITED ‘.flppl.v To H. L. RUST COMPANY LOAN CORRESPONDENT ©he PRUDENTIAL INSURANCE - ' COMPANY ¢ AMERICA 912 15th Street N.W. MAKE MONEY MAKE MONEY You may know how to earn money. But the important question is—do you know how to increase a limited income by investing surplus funds wisely? In other words, do you know how to make money make money ? Onativia & Co. Stock Exchange Building NEW YORK Stocks & Bonds Over a Cotton Coffee Grain Sugar Quarter There is only-one sure way, and that is to invest in securi- ties which are absolutely safe. Every dollar you invest in OUR FIRST MORTGAGES MEMBERS New York Stock Exchange Chicago Stock Exchange New York Curb Market Association N. Y. Cotton Exchange Chicago Board of Trade N. Y. Produce Exchange Minneapolis Chamber of Commerce Washington Office Main Floor, Woodward Building Phone Main 2040 JOHN CALLAN O'LAUGHLIN Manager Without a Loss. is safe. You can invest $250 or as much as you like and inter- est starts immediately. SAUL CO. 925. .15th St. B. F. Main 2100 N.W. What Is an Executor? The Executor is chosen by the testator What You SllOllld‘ Know No. 4 in his will to assemble the assets, distribute and close an estate. The American Security and Trust Com- pany has had over thirty-five years’ experi- ence in handling such matte /A\MERHCAN SECURIT ARG TEUST COMPANY = Capital, Surplus and Undivided Profits Over $6,000,000 BRANCHES 7 Central—Tth and Mass. Ave. N.W. Northeast—Sth and H Sts. N.E. . Somthwest—Tth and E Sts. S.W. Northwest—1140 15th St. N.W. Total Resources Over Thirty-Five Million