Evening Star Newspaper, April 6, 1925, Page 23

STAR, WASHINGTON, D. REAL MILL BOOM FINANCIAL. EGGS ARE LOWER MONDAY, APRIL 6, 1925. ' A STRIONG GROWTH | stz THE EVENING C FINANCIAL. NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office Promot Action Financial Secretary First Mortgage Loans With exscutive ability, ligh class, experienced Lewest: Ratew: of Intévest .and Gemmissien and A-1 references. dém'ren connection with « | Thomas J. Fisher & Company, inc. joliable organization. (Female.) Address Rox | 738 16th Street H.” Star office S EVERYMAN’S INVESTMENTS l . ducks IN LOCAL MARKET! Larger Receipts and Slower Demand Cause Drop. Fowl Cheaper. Dealers the egg market $his morning as being a trifie easter, Changed con- reported and lower prices ruled ditions resulted from increased re- ceipts and slower demands. It is probable that the demand will in- crease for the Easter holiday season, however, but the dealers see no rea- son why the increased demand should increase prices Price of live fowls, in great demand of the Hebrew holiday sea- also took a slight drop toda week the price advanced tu 32 Today the price quoted was 30. Saturds prices of eggs were Quoted at 31 and 32 for selected stock, while average receipts brought 2914 and 30. Selected stock was quoted at 30 today, 29 being the quotation on average receipts, Today's Wholesale Price: ancy. tub, 52a54; packed, 20a23 iggs—Fancy, selected, candled, 30; average receipts, 29%a30 Poultry—Alive—Roosters, 19 Winter chickens, 35a38; fowls, 30;) 15a22; keats, young, 60a70 geese, 15a20. Dressed—Fresh- killed Winter chickens, 35a38; roost- Vers. 19 fowls, 28; turkeys, 45a50; ducks, 25a28; geese, 20a25; capons, 40 becaus ¢ Last aents Butter— prints, oung | each: 25a ive stock—Calves, cholce, 13; me- m, 10a11: thin, $ad; lambs, Spring, live hogs, 13a131% Meats—Reef, 17; veal, 28; hogs, 20%2a21; loins, 28a30; shoulders, 16alS. Apple Market Steady. arket report and vegetables (furnished Market News Service, Bureau Agricultural Economics). says Apples—Supplies light; demand moderate, market steady: bbis. Maryland, Virginia and West Vi ®inias A2l in. up, Winesaps, 7.0 £.00; Ben Davis. 4.50a5.00, few 5.50;] Yellow Newtowns, 6.50a8.00, A2% in. up, Winesaps, 6.00a7.00. Boxes— Northwestern, medium to large sizes, extra fancy Winesaps, 3.50a3 Yel- low Newtowns, mostly 3.00; Delicious, | 2524.50. Asparagus—Supplies liberal: de- mand moderate, market steady; South Carollna and Georgia, dozen-bunch | crates, very large size, 5.00a5.50, few 6.00; large sizes, 4.00a5.00; small to medium size, 2.50a3.5 hbage—Supplies moderate, market South Carolina pointed type, crates, 582.50. Celery—Supplies moderate; moderate, market firm; Florida, inch crates, 3-4 doz., 2.75a3.00. Lettuce Ts Cheaper. Lettuce—Supplies liberal; moderate, market slightly California, Imperial Vall Iceberg type, 4-5 doz., 2 Carolina, 5-peck hampers %on type, ordinary quality, 1.09al Onions—Supplies light; demand moderate, market steady: New York, 100-1. cks Yellows, U. 8. No. 1, medium to large sizes, 3.50a3.7 Potatoes—Old stock; supplies mod- erate; demand light, market steady; New York, 150-1b. sacks Round Whites, U No. 1, 1.85a2.00; new stock; supplies liberal; demand limit- ed, market weaker; Florida, double- head barrels, Spaulding Rose, U. S. No. 1, 7.75a8.50; U. §. No. 2, 5.50a6.00; No. 3, mostiy 3.00. Spinach—Supplies mand light, market bushel baskets, 75290. Strawberries Bit Lower. Strawberries—Supplies liberal; mand moderate, market slight Florida, pony refrigerators, 35a50, most- 1y 40a45 per quart . Tomatoes—Supplies light: good stock scarce; demand moderate, market 68, ripes and turning, steady ; Florida, wrapped, fancy count, best, 6.00a6.50; choice count, best, poorer, 4.50a5.50 ; 5.00a5.50; poorer, 3.50a4.50; repacked 65, ripes, wrapped, cholce count, 10.00. Caulifiower—Supplies very light; no sales reported Sweet potatoes—Supplies moderate; demand light, market about steady : North Carolina, cloth-top stave barrels, Porto Ricans, No. 1, 5.5026.00; White Yams, 4.0025.00; East Shore Maryland, bushel hampers, Yellows varieties and Nancy Halls, No. 1, 2.50; White Yams, 20 String beans Supplies moderate ; de mand good, market steady ; Florida, %- ‘bushel hampers, green, best, 6.00a7.00; some fair condition, 5.00 Peppers—Supplies light ; demand mod- erate, market steady; Florida, crates, b.50ak.5 | Squash—Supplies light : demand light, | market fairly stead: Florida, pepper | crates, wrapped, 4.50a5.00; unwrapped, | 4.00a4.50. Peas—Supplics light; demand limited, | market steady; California, pound crates, 4.50a5.00. lamb, Today's n on demand steady: hampers barrel liveral; fairl 115-bu. mostly 1.25 z demand 10- demand weaker; crates, | 43.501 North Big Bos moderate; de- dull; Texas, SEABOARD AIR LINE | BEATS ALL RECORDS Traffic Passes Best Month in Rail- road’s History by Large Special Dispateh 1o The Star. BALTIMORE, Zpril 6.—As showing that industries in the South are still on the increase, business of the Sea- board Air Line Railway is now at k level for all time, with car- »adings for the last week in March | up 13.6 per cent over the record for | the corresponding week in 1924, Total loadings in the final week of | the month just ended stood at 60,330 cars, the highest by a considerable extent for any week In the month. PENNSY ADJUSTS 45,930 CASES WITH EMPLOYES |! New Method of Adjusting Disputes Has Now Been in Operation for Four Years. Special Dispatel to The Star. ! PHILADELPHIA, April 6.— The Pennsylvania Railroad has just com- piled a complete report of the oper- stion of the Pennsylvania plan of employe representation, which was jointly dopted by employes and management four years ago. It says, in part “It is not necessary for Pennsyl- vania Railroad employes to resort to a strike order to get a square deal. The highest authority on the railroad In deciding controversial matters is a joint committee In each branch of the service equally represents of officers and eraployes, all members having equal voting power and two- thirds ote being required for a decision Statistics glven in the report show that out of 45,930 cases taken up under the Pennsylvania plan during | the last four years, only 6 cases have wrisen which necessitated action be- | ¥ lhei ond the rojiine procedure of reviewing committess. [ | Anacostin & Poiomac | Wardman Park Hotel Gs. AM F. HEFFERNAN, NEW YORK, April 6.—The features in the curb market trading today cor- responded in the main to those on the Stock Exchange, where the motors, rubber, tire and oll shares were the fevorites. Goodyear common ran up sharply, selling more than a point above the final prices last week. This reflected the view that the earnings of the rubber and tire companies would probably increase during the next few months, Durant Motor was another strong spot, advancing a point or more on rather active trading. Along with did better. the motors, the oils NEW YORK, April 6.—Following s an official list of bonds and stocks traded In on the New York Curb Market today: Sales in thousunds. Low. 8 A8 107% 07 108 9314 101 Am Rolling Mills 6s Anaconda : A G & W 188 5s Atlan_Frolt 6s Inc B & 0 RR 55 wi 8W Beaverboard Su ... Rell Tel of Can 55 A Beth Steel 75 * Cau Nat Ry 7s... an Nat Ry 4% Citles Serv 7a . 2 Cit Serv Pw & Lt 8 Cons Gan Halt ts A Cons Textiles Bu.... Cuban Tel Tigs..... Cudshy Bigw ... Deere & (0 Ti4s. .. Detroft City Gan . Edison 6s... rr & Rub 7a 10317 14i 101 o 1015, 108 o8 101% 108 808 1011y eneral Pet 6n Hood Rubber 7a Int Paper fs A wi Kans City Torm Sigs Morrin & Co Tigs N Orle b 3 b I'lila Pow Rap Trans 6 Pub G & E Co Stys Pure 0il Co 6ix: Shawsheen Ts . & E 8ige i s & Co Thys Tron & L Osage Rub 8l 3 @15% 6% B 40s s Rub U S Kub 18 Vacunm Ol 7s. 2 Wabash Ry Sies wi 50ity Graz 8 FORE 02 Ext R R France 5 Freach National Krupp-Fried Ltd 7s 12 Mtz Bk Denmark fis 5 Municlp Medellin Sx 1 Rep of Pe 2 4 Solv & Co 65 34 B STANDARD OIL BONDS 818y Il 943, s in ISST units 1400 Anglo Am 0il tie Lobos 50 South 8008 0 1 100 8 100 700 40 Swan & Finc 60 Vacuum Oil.. Sales fn INDEPENDENT OIL STOCKS. dreds. S Carib_Syndicate.... 13, Cit Serv 3 it Nerv new wi.. Cit Serv pfd B.... 3 31 31 3 180 hson 01 Corp, Iland 0N vt it Oil of Pa Kirby Pet...... 6 Lago Pet......... Latin Amer Oil... . Margas Ol ... Mount Prod Monnt_Guif .10l New Rradford 01, 1 New Mex Land.... Washington Gas Gs— 29K Washiugton Rwy. & Elec. 4s—$8.000 at Capital Traction Co.—10 at 92, 10 at : 5 at 92 Lanston Monotype—3 at 51, 4 at 81 AFTER CALL Washington Gas hs—$1.000 at 991 | Washington Rws. & Flec. 45—$2,000 at | 9% $1.000 at T9i Capital Traction 55—$1,000 at 9 Lanston Monotype—5 at 81, 15 at 81, 10 at 81,710 at 81, 20 at 81. 40 at 61, 10 at'81, 20 at' 81, 5 at 81 Washington Rwy. & Elec. com.—20 at 10815 UNLISTED DEPARTMENT. Departmental Rank—8 at 734 Money—Call loans, 5 and 6 per cent Bid and Asked Prices. STOCKS. PUBLIC UTILITY. nia, American Tel. & Telea. 4s...... 9615 American Tel. & Telga. 4% 07 | Am. Tel. & Tel. ctl. tr. Ba...... 1008 Am. Tel. & Tel. con 126 Asked. Anscostia & Potomac gual C. & P. Telephone 5s. - & T Telephone of Va. O pital Tractlon R. R. Bs. A Subirvan ba.. Gearectown Gas 10t . Potom: F h-l'lrl‘f 1st :I mac Elec. Cons. ¢ P otomnc Electric o 1983, .. ot Elee. Tow. &, m. & ref. T8, Washo Alex. & Mt. Ver. Ss.... Wash . Alex. & Mt. Ver. ctfs. Washington ’ Wasningim = Wanh. Tiws. i a . Rwy. & Elec. gen. MISCELLAN THEES Realty u (short) g Fanthern Bldg. 61 [ Wah: Market Cold BONDS. PUBLIC UTILITY, American Tel, & Telga.........2138% ... | Capital Traction.... ot - X on M | ash, Rwy. & Elec. com....... 108 | Wash, Rwy. & Elec. pfd K11 | Terminal Taxi com... 90 NATIONAL BANK. National Capital e Columbia is | Commercial e | District ........ i Farmers & Meci Federal-American Liberty ... TRUST COMPANY. an Security & Trust.....*320 Trust... Rank nion. TrUBt.....seee Washington Loan & Trost. SAVINGS BANK. Commerce & Savings.... Fast Washington. Kecurity Ravings & C Seventh Stree Tnited States.. . 0 Washington Mechanics’. FIRE INSURANCE. Ameriean . Corcoran Firemen's - Natlonal Unon.- TITLE INSURANCE. Columbia_Title Tteal Estate Titie... ..\ 10 MISCELLANEOUS. D. C. Paper pfd........ 5 Merchan(x' Traniter & Storage.. 110 Mergenthaler Linotspe..... Natl. Mtee. & Invest. pfd. 0ld Dutchs Market eom. Old Dutch Market prd. Lanston Monot. coven Seeurlty Storage... Cashington Marke ellow Cab, ex div. #1% Extra, The radio group went ahead mod- eratedly for a while, Hazeltine, De Forest and Freshman taking the lead. There was some discussion about a radio merger. But this appeared to be mere gossip. Adirondack Power and Light and Natlonal Power and Light continued the most prominent in the public utility group, the former making a new top and the latter advancing several points from Saturday's close. Glen Alden regained some of its recent lo: being quoted more than 10 points above last week's low. Continental Baking “A” was up more than 2 points. Pennock 011 Corp I Canad 0 & R prod ... Central 011 elan Pet INDUSTRIALS. Adirondack Power. 491 Adirondack Pow pf 101 Am L & Tract.... 148 Am Py & Lt new Am Pw & Lt pfd Apeo Mg Co A Assoc Gas & Armour & Co B vee Artloom Corp ..... pfd Atlan Boisson Rorden Co . Borden (‘o rtx wi Rridgeport Mach Bkiyn City R R Campbell Soup pf Car Light ........ Centrif’ Pipe Corp Cliapin Sacks & Co Chatgerton & Son. Chi Nip B Trust... Cleveland Auto Com Pow Corp Com Pow Corp pfd 275 Com Pow Corp war Cons Gax Balt new 3474 Continental Rak A 120% Continental Bak B 263 Continental Bak pf City Tne wi De’ For Itad ( Doeh Die Dubilier © & Radio Durant otor ... Dup C & Rad vic Du Pont Motors . El Bd & Sh pfd El Bd & Shon Elec Investors In Fureka Vacuium El Tow & Lt wi Sugar Co. Metalx L & T A rod Corp Outdr 4 Rubber Intl Mateh Corp pf 40 Kelvinator Corp Keystone Solef Kiener Williams St Lehigh Val Coal Liberty Rad Ch 8t Marcont Wire Can Mare Wire Tel Co.. Mengel Box Middle W Mid West Mot Wheel ¢ Master Dit Prod & Lt Co pd Nick P nw pt wi Nor St_Pow Co pf No St Pow Co war Tn Ohto_Pow Imnth Corp I 11y W viiil 8 © prin 101% Corp 10 A pta Co ptd andard Pub Co A it Intl 4 rmiodyne R ompson R € vie Tower Mfg Union Carhide Tnit Lt & Pow United Pft Shar Uni Shoe Mach Cor U S Lt & Heat.... Van Camp Pack pf YVictor Talk Mach. W Rk M Sp new W R M S new vtc Wickw Npen St Co Wilkon new wi.. Wilson A nw wi. . Wilson A nw pf wi Yel Taxi Corp N ¥ MINING. Arizona Globe Cop. Dutte & Western.. Calumet & Jerome. . 5 Canario Copper..... 3 ino Ext Mines.. omstock Tunnel... Cop T oA Diamfd Bik Butte. . Eng G Min Ltd Ind Eureks Croesu . First Thought Harmill_Div.... Hawth Mines Inc.. Hollinger ... Hecls Mine S1 By 681y 10 is5 6 90 50 2% Cin... Zine.. opper.. ... Plymouth Lead M. Premier Gold Min.. an Toy ..... Tonopah Extens United Verde Ext. Utah Apex . Wenden Copper West End Ext DODGE AUTO SALES SHOW LARGE GAINS Special Dispateh to The Star. DETROIT, April 6.—In connection with the sale of Dodge Bros. to Dillon, Read & Co. it is announced that Dodge Bros. cars and trucks are mak- ing still further gains. Retail deliveries during the week of March 28, 1925, gained 34 per cent over the same week in 1924, and ex- ceoded every week but one in Dodge Bros.’ history. Retall orders obtained by dealers established a new high rec- ord, exceeding the same week in 1924 by per cent. All sections of the United States shared in these galns, while exports have been increasing even more rapidly than domestic sales. 00 Your Banker Knoww. When in doubt about a security consult your banker. It is equally as much his Interest as yours to pro- tect your savings. You trust him with - your deposits—why not trust him with your Investment problems? — A device to promote thrift is a vend- ing machine placed on a window ledge of & Chicago bank to distribute small pocket savings boxes when a dime is dropped into the slot. EXPANDS IN SOUTH Canning Industry Also Going Ahead—-Special Moves to Furnish Labor. BY J. Specinl Dispateh to The S ATLANTA, April 6—Business, con- struotion and _industrial develop- ments In the Atlanta district, now in progress, are all being based on possibility of extraordinary activity throughout the Southeast in the next few years. But even so, it Is doubt- ful If the facllities for handling the increase in commerce, manufacture and trade can be kept ahead of r quirements. The trend of manufa turing toward this section seems un- mistakable. Mill Boom Predicted. Plans are being drawn daily for new cotton mills to be erected in the section extending through Northern Georgla into Tennessee and the Caro- Hnas. Within the last few days a | contract for a new million-dollar plant at Rome, Ga., has been let. With definite orders in their hands from prospective users, power com- panies are rushing new hydro-electric plants to completion In order to be able to supply the demand for elec- tric energy The cotton mill section of the South does not expect to depopulate New England. Hard-headed business men here recognize the fuct that New England will continue to operate many of Its present textile plants But textile engineers with interests in both North and South do not hesi- tate to say the greater part of all new mills and additions built from this time on will be located in the South. The day South, when textile cotton from the pickers’ baskets into the gin and thence into their mills. But advocates of the shift to South- tions maintain that it is unsound to ship raw w England when it can be turned into cloth near the source of supply with cheap dependable pow- er and intelligent inexpensive native American labor Southern textile mill owners are by no means asleep to the importance of the migration of rivals to their own districts. They realize that they must meet stiffer competition than ever before, and are preparing to do %0 by cutting overhead costs and in- | troducing the most up-to-date meth- ods. Especlally are they conserving jand increasing their labor supply. has gone by, even in tr men’ can roll the Better Chance for Laber. One manufacturer, after taking the writer through his mills today, said: “But you have not seen our most | important factory yet.” |the way to the school, community | center, recreation hall and athletic | flelds provided for employes. “Here |is where we develop our most im- | portant product—our labor supply | he continued. “Labor here is keenly | resentful of any Influx of foreigners | Both workers and employers realize | that the most effective way to pre- | vent such an influx is to maintain | an adequate supply here, and that is what we are doing.” The development of manufacture in this sectlon Is not confined to the tex- tile lines. Canning plants are belng moved here from the Midwest, since the long growing season of the South |allows for operation with only slight | changes of plant equipment for 11 i i (AL == i iy BIO W W ATl (K] ¥ 1 i) in 3 ir Organized in 1814, Ready to Serve You —promptly and accept- ably in all banking and fiduciary capacities. General Banking Savings Dept. Trust Dept. Safe Deposit Department Bond Dept. - Foreign Exchange & Travelers’ Checks 3% Paid on Savings National Metropolitan 111 111 Years Bank Years Old old Capital, Surplus & Undivided Profits, Over $1,800,000.00 15th St. opp. U. S. Treasury IN CONVENIENT in DISTRICT H. L. RUST 912 15th Street FOR INVESTORS MORTGAGE NOTES DENOMINATIONS ON IMPROVED PROPERTY o COLUMBIA COMPANY Main 6888 Then he led | BY GEORGE T. HUGHES. Why Frenech Bonds Are Lew. One of the most Interesting prob- lems in the whole investment field Telates to French bonds. I am re- ferring to the dollar bonds, and not to those payable in francs, whers the foreign exchange quotation is a factor In the market price. The dollar bonds which have been 80 widely distributed in this country present difficulties of their own. They sell to bring anywhere from 71 to § per cent, an extraordinarily high vield for the obligation of a country Wwith 80 long a record for meeting its obligations. Let us see what are some of the reasons for this situa- tion. In the first place, until very recently the French budget has not been balanced—that Is to say, ex- penditures ve exceeded receipts. If this were the case with a corpora- tion the outlook would be unfavora- ble in the extreme For the coming year the French budget is balanced on paper, but it remains to be seen whether the es- timates will prove correct. At the best, however, something like 60 per cent of French income is taken up with charges on its already enormous [cutstanding debt. This does not take {into account the sums owed to the {United States and to Great Britain {for war borrowings. No one knows just how these obligations are going {to be cared for, and this uncertainty also operates to the disadvantage of French sccurities. Finally, there is| {the political factor. | What the French want above all is security in the event of a new fwar, and no one knows how this 1roblem is going to be solved. Again, uncertainty deters investors. The re- sult is that it takes faith to buy French bonds, even when principal and interest is payable in dollars, and even when it is a moral cer- tainty that France will not default on her pledged word. (Copyright, 1825 ) | months of the year, owing to the va- \riety of fruit and vegetables pro- ‘du d. Bankers here declare that adequate | financing of the new projects s as- | |sured by the present condition of | | their institutions. They are confident | | that the rush of tourists and capital | lto Florida and the Gulf Coast will| i {mean the opening of additional mar- kets to agriculturists, stock growers, manufaciurers and wholesalers in | this section, who will be called on to | | feed and supply this influx of popula- tion. Financing Made Enasy. In consequence they are establish- ing a polley which will make ft pos- | {sible for Southern industry to take | full advantage of these opportunities. | | With total resources of well over | | $210,000,000, the banks here have no anxiety as to their ability to accom- Iplish their purpose of making this |one of the main financial, commercial | and distributing centers of the South and West. In anticipation of further street| traffic, the newest commercial build- | Ings here are being provided with in-| terfor automobile and truck parking and loading spaces. This marks the first real attempt in this country to adjust architectural designs to mod- ern transportation conditions. We Solicit Applications for First Trust Loans Current Taterest Rates SECOND TRUST NOTES PURCHASED AT CURRENT RATES, PROMPT ACTION UNION FINANCE €O. 1410 H St. N.W. “WHEN"” Investing In Our FIRST MORTGAGE NOTES —jyou 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 shead for your interest check reaching you the day due. Our facilities enable us te provide for the investors of small amounts of $100 to $500, all of which bear 6% % Information Booklet Sent Upon Request CHAS. D. SAGER Realtor 4 14th Loan Dept. M. 38 | REAL ESTATE LOANS | ANY AMOUNT | 5% % prakmdE it RESIDENCE LOANS AT LOW RATES FRED T. NESBIT | INVESTMENT BLDG. Main 8392 Invest Your April Funds at 7% ARRANGE today for the prompt investment at 7% of funds you will have available during April. Let us send you descrip- tions of several attractive issues of 7% First Mort- gage Bonds that are now |1869-1578" period wns IN POTATO YIELDS New York State Leads, With Minriesota and Maine Very Active Rivals. The striking growth of the potate industry in the United States I brought out in figur Just released by the Federal Department of Agri- eulture. In the years immediately following the Civil War the annual production of - this erop was around 100,000,000 busheis, and we are now producing well in excess of 400,000,- 000 each year. The 200,000,000-bushel mark was passed around 19600, since which time the annual production has more than | doubled. Some 1,000,000 acres a Year were devoted to the spud back In 1866, but the acreage is now around 4,000,000, Leading producing States are New | York, which produced 46,620,000 bushels In 1924; Minnesota, 44,352 000 bushels; Maine, 41,175,000 bushels; Michigan, 38,252,000 bushels; Wiscon- sin, 31,480,000 bushels, and Pennsyl- vanla, ‘25,792,000 bushels. Production has more than kept pace with the Increase in population, for it is shown that whereas the average | per capita production during the | At i 2.9 bushels, the | @ per capita productfon fo 19151920 ‘hertod. was' 3.7 Branels Tt 1o | shown also that the United States is the third largest producing country of the world, being exceeded only | by Germany and Polana FISHER'S PRICE INDEX. | NEW HAVEN, Conn., April 6 (Spe- | cfal).—Prices, 157.1; purchase power, 63.7; March average, 161.3 and 62: quarterly average, 1619 and 61. Crump's, 1566.7; March average, 159.3: quarterly average, 1617, Irving Fisher er. Yale economist reports. FED NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President Invest Your April Funds where 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 investments should investighte at once our carefully selected 6'2% First Mortgages They will find them abso- lutely safe in every respect— backed by improved real es- tate in this city worth double the entire first trust. Mortgage Investment Dept. HANNON- & LUCH 713 and 715 14th St. N.'W. Main 2345 Becured by Orst deed Joseph 1. Well Money to Prevailing interest and comms, | GERMAN Full Market Received Daily Send for Special Market Letter Peter Whitney BONDS STOCKS Bought—Sold—Quoted New York and_ Berlia 203 Investment Bldg. Telephone Framkiin 3078 Equitable Co-operative Building Ass’n JOHN JOY EDSON, Presiden: Organized 1870 Axsets ... ... $4,842,132.68 Loan of trust on real fon er 20 Wasin. L & Trust __Bldg. 9th & F N.Wi We and Sell Etc. Bond Departn The Washington L and Trust Company 900 F Street 620 17th Street FRANK 45th YEAR COMPLETED P. REESIDE, Surplus Subscriptions for the 88tk 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 casy after you have saved enough to make a first payment on the home. 915 F Street NW. 2% 56 Years’ Proven Safety OR 56 years, Swartzell, Rheem & Hensey Company has offered safe First Mort- gages to the most conservative investors. This record speaks for itself. Safety and Income always go together when you invest in our Notes. At this time you can secure 67 % interest on your funds invested in Mortgages. the securest type of First We suggest that you communicate with us and take advantage of this opportunity for the safe investment of your funds, with a substantial interest return. SWARTZELL. EEM&HENSEY (0. L7 Srreet, N\W ((hshilgmnc 56 Years Without Loss to An Investor AN ness. available. SmithBondsaresold in de- nominations of $100, $500 and $1,000 outright or under our Investment Sav- ings Plan. ail the Coupon now. The F. H. Smith Co. Founded 1873 No Loss to Any Investor in 52 Years Smith Building, 815 Fifteenth St. THE F. H. SMITH COMPANY 1 Smith Building, Washington, D. C. Please send me information about Smith Bonde paying 7%. fer 1418 Eye Street W, real estate. Mortgage Bond & Guaranty Corporation WASHINGTON, D. C. (Incorporated Under the Laws of Vir Authorized Capitalization 853 854 Telephones Hnin{ 3317 1 Share 8% Cumulative Preferred. ... 1 Share Common.................... HUGHES & COMPANY (INCORPORATED) INVESTMENTS 250,000 Skares 8% Cumulative Preferred Stock, par value $10.00........ 250,000 Shares Common Stock, par value $10.00 $2,500,000 $2,500,000 Meeting Every Investment Need investment providing safety of funds, immediate attractive returns, constant increase in the value of the secur- ity itself, meets every investment need. The Mortgage Bond & Guaranty Corpo- ration deals exclusively in First Mortgages, secured by improved, income-producing It is recognized this is the safest field of investment known. stant turn-over of the capital, through the sale of guaranteed First Mortgage Certifi- cates, assures a very attractive return to the investor. The management comprises a group of bankers, real estate an excellent character and high standing. They all enjoy unbroken records of success and their expert knowledge is especially adaptable to the profitable and conserva- tive management of the company’s busi- and The con- business men of A portion of the stock is now being of- at the same price paid by the, officers and directors. The preferred stock bears an immediate return of 87%. $12.50 | HUGHES & COMPANY 1418 Eye St. N. W., Washington, D. (. ! Please send me your mew booklet— | “Progress.” | Name Street Address ) Sty Liberty Bonds Treasury Notes 1 Sec'y