Evening Star Newspaper, April 12, 1925, Page 79

ANCIAL THE SUNDAY, STAR, WASHINGTON, D. €., APRIL 12, 1925—PART 6 FINANCIAL BOND SUMMARY FOR THE WEEK INVESIMENTS BET AGRICULTURAL DISTRESS PA SSED,' CHICAGO STOCK MARKET. T Misser G0 Eonm April 11.—Armour pre- OF THB Vo104 1925 S ik L R FARM LOAN COMMISSIONER AVERS |t St o et | o CAVINGS | et o ft o i n ot e & Co., 110%; Swift Internat Prevailing interest and commission 10128 101-29 100-28 Liberty $3ss 1932-47...., 101 15 101-10 10113 3 30 ot R A N e = 0% s 4 10221 102-1° 10-14 Llhartyl;t 435 1932-47.", 102 5 lg}-’é!& 898 = :'4"“’" Carbig BANK’ Joseph I. Weller 430 Wesh. L. & Truse 9 101-7 100-20 Liberty 2d 4148 1927-42.. 101-5 101-5 .3 N R L7 3 "5 101.29 1011 Linerty 3d 4nes 1938 0. 10157 101-27'3 75 R. A. Cooper Finds Conditions Stable as Based on - ! . T L D REPOX i 102-5 101-20 Liberty 4th 43, 1933-38.. 102-5 1023 397 PEQITLOm of the 1“7(:'8“ sa;s 10‘3.-12 104-13 Treasury 4%s1947-52... ws-sr 1053 391 /% Foreclosure Statistics—Bank Reports. NICLA“&’I”‘.ILEN g el jis ANACOS-"A BANK Hieh, Low Sign Tow FOREIGN. I Cione: wish. st |French Bonds and Doubt Other Items. BANKING 18 Toans and diseoaity, nclos A eluseof ‘Dusioet on' April 6 1053 ptances 9% 89 95 Argentina 63 A 1857........... 96% 96\4 96% of other banks, and foreign 103% 100% 103 101% Argentina 7s 1 1l 10235 103 102 : : i J bitln of exchanige or drat et L BRSO 95 SN 97K 04" Ausiriasie1ses 2w 'ois ‘aan | Over Outlook for Rails Grip o« wCORPORATION. | hi i ooy *Toans ant e = = 833 Belgium 6s 195 81% o . AS. P. SHAEFFER. out the point in a discussion of the | =y, "R AERn 1 (Ut BIEEHOE B GOlgns | 2. Overdrafts, secored .. " % 111 96% 4 106% Belgium 7%s 1945, 4 108% Public Interest % relation of life insurance to busi- Bonds, stocks, sccurities. 905,33 | chmage ‘o, 109 97 108% Belgium 8s 1941 3 1073 . agricultural distress has|Telation of e ; e 'r:a‘:x"“"‘ orsement of this - 91 TIw 804 Bordeaux 6s1934..... 1 8015 passed is disclosed by an analysls of | RCE8 CTEECR 0 1o tatement | 1 Loans and discounts, {nclud- e and fixtures, $17, Overdrafts, unsecured ... ... 9915 191 8% 5% Brazil 831941, 2 . 9% 95 i 95% the record of foreclosures of farm |, gii.q'to J, P. Morgan to the effect o ks Ty i a Bonds. stocks, secarities 16! 104 99% 104 101% Canada 5s 1952 : 103% GEORGE T. HUGHES. mortgages held by the banks of the| ) ¢ 1o banked on character more Bills of exchunge or drafia from mational baniks. Banking house, $1 ¥ 104% 100% 108% 102 Canada 53%s 1929, . 102 2% 102% | gpectal Dispateh to The Star. Federal Farm Loan System. Gov. R.| .0 o capital, adding that it would sold “wifi “indorscment. of __ 2. Exchanges for clearing bouse. 2.006.90 e N npE 104% 102 1081 102 Chile 851926, bhpbet T 103% | “"XEw YORK, April 11.—Tt has been |A. Cooper, farm loan commissioner, | hen on cabitel adtine 1ot (& WOV e e - sroa T Total of fiema 30" 07 " Sxtate cwned other thin 109% 101 108% 106% Chile 85 1941, Aigss . 1075 | o ‘week of extraordinary interest in|Das completed an analysis of all the| ooy " naver made loans on character Mo Ll e . b Miscellnneous cash itema. - 3 g : 46/550.58 101 108% 106 Chile 85 194 conh 107 | the investment market, one of confus- f‘;’;}:‘";"r"“ pndo S1liot the h“';‘):‘ alone. Wi 6. Other assets ................ g B R il S Rt 4 39% 45 41% Chinese Govt R: A 4 oss-currents and apparently con- |Of the farm loan system covering the : All other United Stat p mount due from state bapie, o 97% 944 Copenhagen 5iis 1944, Gt 0Tt | 1 e tan bt ane 1o whieh | entire elght vears of thelr history, e heeak Eplained. e L e es (Y s Bt il A ankere and ruct 101% 98% Czechoslovakla 8s 1951 ! 99% | {hirea features stood out, & sudden de- | SNOWIng that the total number of| The Brookmire Feonomic Service | . ciidine premime it'any) ' 0810857 T In the United Staten” tothe 103 99% Denmark 651942 Lk < 1013 1014 | velopment of doubt as to the outlook | foreclosures is only three-tenths of 1|attributes the break in the stock ties, ete. . : 93,764.54 | 17. Canttal stock patd i o than, 1 15.128.23 111 109 Denmark 8s 1945, 110% | for the railrouds, a favor shown to |DCr cent of the total number of loans market to the Inevitable result of a| o purniiyund diiiics’ 50,304 5 | 18. Surplus Tund "t .0 f Dutch East Indles 65 1947..... B 100% urities founded upon the automo.|made through these banks. At the|movement in which the avérage| 10 Cash in vault 'and amount 0. & Dndivided profi. §36,566.53 Dutch East Indies 65 1962. ... 4 100k { i inqustry and grave concern apout | close of business December 31, 1924, |speculator had indulged in an ab- A,,,,‘,;,,,"‘":,Jif‘“";'" L R Donees paS. - oo.. 9240148 French Govt 7%s 1941.... . . 93 | the future of French finances marked | the banks of the farm loan system)surdly high estimate of probable) ™ THELRC (08, from ~ State s 2 Total ... ---$1,194.5 French Govt 85 1945.... 98% | 1,y weakness in French dollar bonds. (both Federal and joint stock), has|business expansion. The break on companies the United . Reserved, for taxes, interest, German 751539 h e New Attit Rail made loans to 403,906 farmers, and |the speculative commodity va?'-" o tes (iR dncho: 6,883.37 L R e O ck paid in Holland-American s f 6s . 81 SR B Resompals the total amount of money loaned [!s cited of a character very similar |, . ed in ftem 10) . 1008871 T Dakirs ane toust 18 Sarpine Tund Lo Japanese 4s 1931. 8% | The public attitude toward rail-|as $1,635.198.930 to that on the stock exchange. Bcksion othe ’.’.‘,,".‘:,',‘,': ahs: Unitea | 0. i rofits. $51.743 38 Japanese 6345 1954. 91% [ road investments has undergone a i “Speculators have forgotten the porting bunk ..o ... 23,511.98 &n_countries i) Jergens Utd Margarine 6s 1947 3 95 complete change from that held last Thinks Conditions Improved. ordinary laws of economics and think Total of item: Ce ks outstanding a e interest L Lyons 65 1934. 31 83 January. Then expectations of divi-| TWhile Commissioner Cooper gives[only of another terrific inflation ine '.'n.:"’.{‘m'r‘-.”“ 681.32 outstanding #nd tazes paid... 5.070.95 Marseilles 68 l’!‘ - dend increases by corporations ulr!nd_y no information as to agricultural con- Etflod. the summary cnnun}n-s: on banks elaas sty Reserved for taxes, interest, Netherlands 6s 1972, .. 552208 % 103% 103 haring their prosperity with their | ditions as reflected by other lending | “These speculative excesses had very ing Federal " Hte Demand deposits (other 11 R acorued Norway.8s 1940.. . 4 111 ckholders, and of initial disburse- | agencios he believes that the tre.|little reflection in actual business o Bani o bank deponits) subject o Amouit due 't pation banks Parls-Lyons-Med 65 1958. . . - 1% 1ts by roads not at that time on the | mendous volume of business done by [transactions, and business has no rea- aled outaids of | Within 30 dayn): E £ itemets Queensland 65 1947. ... . n.+ g % |dividend-paying list as well as specu- | (lio Federal Farm Loan System, |son for the expectation of a parallel o ' . Individual deposits subject | Queensiand 78 1941........ lution as to the effect of mergers, |roaching as it does Into almost every | collapse. The speculative collapse in b Miscellaneous cish 8 clheek 7 easan0an Rio de Janeiro 85 1946...... 94 present and prospective, were ail the | county fn the United States, makes |a few commodities fs (nlrodumv!fi i s 2 B [ecara e deposit due in Sic Paulo, State of, 85 1936, ' 100 fashion, Now it is just the obposite. | ije record of these Government su-|Some unsettlement into the Eenera A i A N o Seine, Dept of, 7. i B 4 The talk of dividend reduction and | peryised hanks a thoroughly reliable | commodity price situation, and th il 31,899,313.08 |31. Dividends unpaid erbs Crotes Slovenes 881 - > n:n\;‘x of the merig'r {\!M\s\r‘ulr‘k:l‘ out | dex. While the strict government- :'er;‘kvzld a 1v‘~rrm (m‘e" >‘m0 k . with so much detail in Wall Street |, e vt so banks | market a orecaster of business Canital atocTABILITIES : United Kingdom §i4s 13 Sdio 5 the consummation of the Niekel | oy 28, 9 FERNL S F “he part of |ness confidence 9. a Undivided § 1047 United Kingdom 5145 1937 . Plate consolidation forced by the at-| " aty i Wi these particu- Young Bankers to Debate. © Less curr INDUSTRIAL AND MISCELLANEOUS, titude of the minority stockholders [ y make a some e debating team o e loca and’ tazes paic y days, or subject 10 30 days | Lt the Chesmmeane and Ohio was vers |1ar institutions may make a som The debating team of the local o R L] e . ; s i o itits o0& Benic 3 |- o niots notes wha matea Ao Al GO AT TR 1SR S RS P 98 the Ch » Onlo wa what better showing thun other lead pter. American Institute of Bank-| . © 0 "0 s Amer Smelt & Fef 1at 58 1947 a7 S 9615 9 g fo the merger enthusl:ling agencies, the governor is firmly [ing, will visit Baltimore the eveni Certified checks outstand 0 R S Am. Smelt Ist 65 194 111 100% s 5188 | convinced that the record of fore- May 15 to engage with the Balti- o than for m Amer Sugar Refining 65 1937..... 102 102 e O et Wt ren on the |closures of mortgages _throughout | more “chapter on the subect, “Re- R 38 35. Other time 4 o Amer Tel & Telcl tr4s1929...... 96% Stock: Tixehange. beingine with it the | (h® country, taken as a whola from |solved, That the electoral college should mand deposiis (ot than of timo deponits ubject ‘Amer Tel & Tel ol tr Os 1946, - .- .. 1004 DiIIamEnge brinking coast to coast, shows agricultural|be abolished i 1o e g3 Anaconda Copper 51363, ... oo danger, and the selling of Penneyl: | COnditions to bo excesdingly stable. | This city will be represented by| iR dii 0T 0. Bile parabie nciiging il on Anac revdeb7s'3s... gt s J. Groom, A. E. . Individual deposits subfect to ons. representing money ey g:p‘p‘:s 1039 4 K e T John Francis Hillvard, C. F. Schatz R e 1,002,780.61 borrowed other toan reis ik s At Atlantic Refining deb change, had a disturbing effect. Cooper points out that the)|and Thomas Mallon are named as a Bell Tel (Pa) ref 55 1948.. » 5 : = that foreclogure ~procesdings|alternates. S re depeaitermnsect o b | rvrwm”m s 3 Total . Bethlehem Steel p m 5s 1936 ! 5 91% Pessimixm Overdone. have been instituted does not always dsys, or subject to 30 da City of Washin, i g .: | District o Columbia, £ Was m:mphemsuelfrnuu. Probably pessimism on both these|mean disaster for the farmer or Savings Bank Report Made. or_more notice, and postal % mkmw Gshier atital Chile Copper 65 1932 > 6% | accounts was much overdone. That|trouble for the bank. Many fore-| The Park Savings Bank reports : ) o e s L e e e e i | e Cons Coal (Md) 1sref 551950.... 8215 83 % 8241 is the way with Wall Street. Tt was|closures are instituted as a result|total deposits of $2,919,280.87 on Clixi 1oL IoOEY TTewet) bellef. NAND PETIT, Cashier.. | knowleds 4 Cuba Cane Sug cv Aeb 8s 1830. '3 { officially denied that there was any in- | of the death of the owner, and in|April 6, an increase of $306,704.2 Other time Sits sm,].m».—ra and “ewora to before this ¥ Detroit Edison ref o8 1940..... 7 5 3 tention of disturbing the Chicago and | due course are disposed of without |over the previous reporting period 1 of depotits s e e, 10 RENCE wELC. i keribet and) Du Pont de Nem 735 1931. . 4 4 107% | North Western dividend and this ap- | inconvenience or loss .to either the ol reerTe e N Publie, (Seal) g Empire Fuel & Gas 7%81937..... 23 102% | Jears reasonable. when it is remem- | heirs or the lender. Mr. Cooper says = S 4 Correct—Attest: Dt General Elcctric deb 6 1952. ... ; | pered that continuation of payments [that the farms actually acquired L . :: $1.500.813 T DT et e r oodrich (B F) 6131947.... at leas per ce ually is |under foreclosure (and not the num- Irtrict o o, City of Was Por i - MATRICE OT Goodyear Tire §s 1931 e s ol k| e Gr tocaclomir esDroake RS i WE FINANCE N A MASIE, cashits osi| celra ctors. b S 0 Goodyear Tire 85 1941. v 2 204 | s list of invest- | tuted) is the true index of agricul- [| —#!l classes of income-producing property. earsthat the ak A 5 Humble Oil & Ref 5%s 193 ; q T el - sav banks. tural conditions Large Loans a Specialty Indiana Steel 55 1952. . ...... 2% 10 05% | 57 "t0 the Pennsylvania, the princl- The number of farms actually ac- Sl s e CEYNR Inter Mer Marine 6s 194 pal influence w ss the pub-|quired through foreclosure by Federal , | 11¢h day of April, 3 Inter Paper 5s B 1947 e . 5 cation of the de ed figures in the | Land Banks is 1,271, out of total 2o bi: i " (Seal) JOHN M. McLACHLEN, Kelly-Springfield 8s 1931 o) 1ap ] Lioatiom iDE Aoud . Higbie & Richardson, Inc N ra K . . . e | annual report, showing as they did a | of 339,970 farms on which the Federal . N.W. ¢ BG sty M t 1 t H Lackawanna Steel 53 1950 3 | heavy decling in met earnings from|Land Banks have made mort Sl e L Plommeacsagiost. o etropoiitan riousing Loans Liggett & Mycrs 58 1951. 3 those of 1923. There was really little | loans, or four-tenths of 1 per cent: = = = | R ¢ : 1= Magma Copper 73 19. new in the totals or at last nothing|while the number of farms actually || g Manati Sugar sf 7%s 1942 ok conlal sio! e bee e It d by joint stock land banks A i, BITTENGER Midvale Steel 551936, which could not have been deducedjacquired by joint = &) an s w England Tel bs e i o e i s tnts Stoss masslif Loans; for One Year - On homes in the District of Columbia and suburbs in Mary~ New York Edison 1st 6% . Snhasis Was Sl Al ol land and Virginia. o = & e o damage done by automobile compe- | loans, or one-fifth of 1 per ce N Deposit CORTVIN NYGasELHE&PSs100s..... tition, not only in the matter of |The total farms acquired by both Tonthly Dep RECEIVING el 435 e 5 5 e These loans may be mads for 15 years and are very ad- S = passenger, but also of freight traffic.| Federal and joint stock land banks on Account Ha Sa 1 v }\\-°;'":I‘°\”‘ Tf‘ s;}‘:f,‘,:","ssl,fl The same plea was made in behalf | is 1386, or a fraction over —Interest the day dhl‘e invites vantageous to the borrower for the reason that they elimi- A L A of the St. Paul at the time the re-|tenths of 1 per cent. | favorable comments from our nate extensions, or new loans at the end of short periods Pacific Tel & Tel 58 1952.. 2 cslverstip procsedings wero starual ght Years' Losaes Sligh JSENY nvestors an No life insurance requirement. Write for booklet. Philadelphia Co ref 65 1944. i Rullroads Must Change. o ber of foreclosure pro- . 5 Sinclair Oil 7s 18 % W 95 2 This is a much more fundamental e Rl e FIRST MORTGAGE NOTES Unlimited funds for loans in the District of Columbia on instituted by the Fede : Skeliy condition than any variation in earn nd Banks is 4,701, but the tota Morris Plan Bank The prompt service of our Loan E?::S Iéo:éoé’llct::cur::s . 5 ings due to changes in business sber of farms acquired 3 13th e S Department in handling the de- BUS’NBS PROPERTIES United Drug 6s 1344 = : : Uvlty. As-was polnted out in thela37l: the s S SR tails of our clients is doubtless US Rubber 1st & ret 5a i347... G o o [ e B fseaien TRt byt Loans Made of From ||| prompting them to recommend APARTMENT HOUSES U S Rubber 738 1930 3 on paying the higher charse of | jand banks Is 435, but only ~oane TS Rubber 158193011111 104 10 P R ] Fr R e | $50 to $10.000 to"their iriends the desirability OFFICE BUILDINGS AND HOTELS 7 - the raflroads to do but to adjust - of our 61,7 investments. Utah Power & Light 5s 1944 3% 93 2 it “Ch d E P DR i 2 their affairs ording It means sustained by the banks | f! aracter and Earning Power |} | Wi for Booklet ! x s p Mo LIS 7 4| the " abandonment of branch lines | have been negligible, according to| Is the Basis of Credit. o ealt Lowest Interest Rates—Brokers' Applications Invited hol g g s : ;| which are no longer profitable, and {Gov. Cooper. He says: “The losses rosbety S Loan Department 4 % he cutting down of service in other sustalned by both Federal = = Wilson & Co 1st 65 1941. . 9 4 g gL c £ . A far sustain ¥ S = 7 L e S L S g 3. | directions s process of readjust: | and jolnt stock land banks during CHAS. D. SAGER WEAVER BROS., REALTORS A vm;n'v]\;-l‘l take time and until it Hi fod of eight vears on ;\MM of BONDS 921 14th St VW A g completed net income must suffer. ate acquired through fore- Ma 37, 3 B AP T e 4 _ | Complaints on this score come fromi | closure Is only equal to one day's GERMAN STOCKS 735 15th St. N.W. Phone Main 1821 Atlantic Coast Line 15 45 1952. ; practically every section of the{net profits of the banks Balto & Ohlo gold 451943, .. R e Gives Address on Credit. Bcught—-Sold—QuOQEd §:{§Z§8§‘.{?,§Z,‘;§§,‘,’§3 P 2 For the optimism about the auto-| In an address before the District ¥ Balto & Ohlo 651929, 0o s o mobile industry. the financing follow- | Life Underwriters’ Assoctation Col sona™0EE ot v rhiot 6! ing the sale of the Dodge Brothers| Wade Cooper, president o e B&OPitts LE& W Va is » 87 t9eF o = ; Continental Trust Company and the Peter Whltney zNew Mkle“ prope is doubtless mainly re- | ; : \ B o N - sponsible. The success of the first |United States Savings Bank, de- e e e o e Oherini of the new Dodie securitios | clared recently the three clements e For Investors Canadlan Pacific deb 4s 79 79 % | was a surprise even to those who had [ in credit were “character, capac ;‘x,l P Central Pacific 45 1949. 87% ; been most confident. Wall Street is|and capital The speaker brough K Chesapeake & Ohlo cv 418 1930.. 96% 6 constitutionally skeptical in such IFTY-TWO YEARS OF Chesapeake & Ohlo n 4348 1992.. 8014 jmatters, but the outside public was || - ey e OF I 51,194,650 72 JOHN A. MAS! (Metropolitan Life Insurance Company) 780/ HEN a man wants an apartment does he call the owner of any particular building? i N Chesapeake & Ohio cv 55 1946 3% 102 28 | enthusiastic and applications for the why Smith Bonds are safe hi & Alton 335 1950. . 3 5y | stock were greatly in excess of the . 2 . 2 gmcs‘gsgczumc;nls:aref 531971 supply Taken as a whole this I bonds; how Smith Bonds are Chi & Eastern 111 gen 5s 1951. s | innancing is the largest for the an ° I safeguarded ; how our record of Chi Great Western 4s 1959 s 61 count of any industrial corporation 55 Towe fol aris, wivestor i 53 Chi M & St Paul cv 4345 1932 % 5 on record, the nearest approach to it . . Chi M & St Paul gen 43s 1989 ? ; 31 | being the sale in 1923 of the Ana- d BO ds years is maintained. 4 ChiM & St Paul ref 43%s 2014. 5 conda Copper bonds. This fact alone Stocks an T “HOW TO BUILD AN INDE- Chi M & St Paul cv 55 2014 46 46y | I8 a striking commentary on the PENDENT INCOME” (1925 Chi & Northwestern 638 1936. y phenomenal growth of the motor car 2 . .e . s i Chicago Rallways 65 1927 business We Buy and Sell Listed Securities Outright Edition)-Tells how you can buy Chi R I & Pacific ref 4s 1934 ' Falth in Auto Industry. e Mk i || || SmithBonds with savings of $10 et 2% 92) The rush to buy the new securities Or on Conservative Margins T Bow vod e C on Sta S Sk s ¥ is also proof of public faith in the - 1 t bond int t on all - Chi & Western Ind con 4s 195: 3 ! > . A ge! interest on pay- CCC&StLref 6s A 1929 3 : 3 :\:\l‘il;\\ezfn:hr;' "p'?»i';':"’,‘liifn ‘,r,xdx"' ,.,'“ I g;l:l—;i‘l;f\?m;i?fi \H\I}E‘,\JO s}glk K | ments; what you can accomplish 4 Clevcland Term 53%s 1972, 514 vestment propos s nec- EL ) hy f ic i s o - Cuba R R bs 1952.. 3 ey e TIDCEA 4 9 2 % . [ E av N 1 1 e ! 4 | merit entirely on earning power and Important Comments Concerning Ask for these two : ave associated us in his mind Den & RloQrande con 4s 1936 .-, ‘82t & 3 '8y | Mot on asset value. Commentators | booklets today. with Apartments. DR R G Weat made a good deal of this point in the drich Rubb. i Detrolt United 4155 1932 ... K . case of the Dodge Brothers sale, but Hudson Motors Goodrich Rubber The F. H. Smith Co - Erie 15t con 451896........ 7 E the same criticlsm applies in greater i Goree ation VLS Aloshal i F- .'d . |t | That is why owners whose EiioFoniendsisst: s % or less degree to all automobile com- TR I ‘ounded 1873 ) ; 4 Erie cv 4s A 1953 Coeiseas 3% o2’ | pany sha 5 property we manage have the Erie cv 45 D 1953 ] Loan Held Unlikely. In This Week's Letter | NoLoss to Any Investor in 32 Yoear calls from tenants looking for Grand Trunk s £ deb 65 1936. There was nothing surprising about Smith Building, 815 Fifteenth St. A Grand Trunk {81940, the weakness in French bonds e P2l EauiuEnls g::t;{:g;‘:;g Einssaian : 4 101 | Although dollar Issues, and so not WRIIE OR GARINEORIGIRGHEAR THE F. H. SMITH COMPANY affected by the vagaries of the frane I Smith Building, Washington, D. C. 4 Hudson & Manhattan ref s 7 ‘ HGern bo b s 3 3 I ] B A cond part of holders was to | Ple - Ifi:’xflu&':_[:n‘zl:a’:hsfif an adj 651967 704 have been expected. To argue that 312-13 Evans Bldg. Fr. 7300 i Bewiboorit: o . . R e teaer A . |no matter what may be the outcome Inter Rapid Transit cv 7s 1932 ‘ 3, | OF the French financial tangle there 1420 N. Y. Ave. NW. M. 8673 Inter & Great Nor adj 6s 1952. . i 66 x| will be no disturbing of the external « Kan C Ft Scott & M 4s 1936. 5 e debt is logical but ineffective as & Kansas City Southern 3s 195 ? | market factor. Under the circum- Kansas City Southern 6s 1950. .., stances, the placing of a new French Lake Shore 4s 1928, e W %|loan in this country would involve an i Lake Shore 45 1931. ¥ e e payment by the French of an ex- Louis & Nash unified 4s 1940 % orbitantly high interest charge. Louts & Nash 1st ref 53s 2003.. 107 7 (Copsright, 192 Mil Elec Ry & Lt 1st ref 5861 i MStP&SSM6%s1931.. 3 . = E l BE NO Mo Kan & Tex 1st 45 1990, Tl IER ‘“' [ I 2 & a3 55 1967, 25, 83 : ; Mo Jan & Tex prin 65 A 1963 : We Want to Buy - [ 0] of Foturity Bl e it a0z ‘i"{?fi’:";'*'f{é’*?,ff?i"f’g?f i 107 160% Good Second Trust Notes A Wy LANDLORDS and TENANTS 951, 89 96 981 New York Cent deb 4s 1834, i aa (Il We negotiate First Trusts ea nvestment £ the N.W. New York Cent ref imp 63 2013. y & i ai i operation of the bullding being erected at the N.W. comer of 18th and New York Central deb 65 1935. . .. 108% . in any amount. Lowest rates. Servlce Nw., New Havendeb 4s 1957 ._....... 54 86 ! i 5 WASHINGTON MEDICAL CORPORATION ;33}&2{":32?i?’r'.‘fli”r.::‘:’}:é& - o Bankmg Trust and Guaranteed Flrst MOrtgages THE REASON 1S: Both will he the same individuals, for the building is owned, nnd : 89% 83 will he occupied and operated by the PROFESSIONAL men who have provided for Norfolk & Western cv 65 1929... 125% 130% 1274 Mortgage Co. . g . o Northedn Pacific 35 1347 S 60% 61 60 gage Co Every First Mortgage Real Estate Investment offered by Gold- e e N e 4 Northern Pacific 45 1997.. o B4 84w £3% Suite 20, 1410 G St. N.W. smith & Company bears the unqualified and unconditional guarantee of * . g Northern i“mc ret lln;g:u 2047.. lg;m 107% 106 z one of the largest Surety Bonding Companies in the United States, as to N We are today offering an fdeal lnnn-:i::l for Financial Ore Short Line ref 4s . 7 97 96% 3 ranklin 5794 3 e i i Institutions, Trust Estates and Individu: n the form of Ore Short Line gtd 5s 1946 105% 106% 1056 the payment of principal at maturity and interest upon the day due. Ore-Wash 1st ref 4s 1961, .. 8215 824 824 This guarantee is over and above the usual guarantee as to title, etc. FIRST MORTGAGE NOTES ?-:'.‘.’Qi{’.f,:‘;‘l:.‘:: 5‘:‘1::;“.5‘. xg‘m H I ] This House offers its clients Guaranteed Investments in First Upon This Beautifnl Building. The total issue is $450,000. ;:;‘enilyal:::;:l:yli:tl;:‘l.ii‘{ < 110% xsxg’n 1;3?2 1;3»‘; “WHEN” Moru‘:gu i’i deno@intn'il::'dc;ifisl'(‘l‘oe l:;:;msue::r:;i tt;nye i;?:e.-:ra::ueg And the interest yield ix 614 %. Denominations, $100 to $5,000. Reading gen 43 1997 : 5 95 95 9 8 Investing In Our E0% O the Svpciiiad realne et (0e proncrise. [THiEt i sonibcltee T O Wi HAVE BVER OpFEne T L Aottt tese.. Ta e 78 8% Ml FIRST MORTGAGE NOTES [ff | by sitned appraisals. Every legal and moral requirement is fully ||| StLIM&SR & G 451933, = " 86% 864 —you not only get the advantage met and complied with. Every safeguard necessary to protect our St L &San Fran prin 4s A 1960, T4% T4k |l of absolute safety clietibianysétmeatin| SLIGICinks meinthinad: MORTGAGE INVESTMENT DEPARTMENT StL & S: b In 55 1950. 88 883 an Fran 635 B 1 5 i Consult Our Bond and Mortgage Department St L& San Fran5%s B 194 97% 98 . StL & San Fran adj 68 1956. ! 86% BT% an efficient, prompt and courteous St L & San Fran inc 6s 1960. % 80 80% service in the remitting of your or Seaboard Alr Line ret 4s 195 A 66% 67% interest. i Seaboard Alr Line adl 621945, 4% ToR You can plan months shead for | Send for Valuable Literature Southern Pacific cv 4s 1929.. 96% 96% 96% f::'d:;'f;r::‘ check reaching you INC 4 Southern Pacific ref 45 1955.... 90% 90 90% |ff = Southern Ry gen 45 1956 76% 764 T6% Jur Teolitiss exubie m o vite Bl w 4 Southern Ry 1st bs 1994. 51000 dnin Jone [ff 7T 16 evesines of swall smeniy 0 § 713 and 715 14th Street N. . « Southern Ry dev 638 1956....... 108% 109% 108% 108% $100 to $500, all of which i WASHINGTON, D. C. Third Ave adj 58 1960. . D38y 38% 35 35 bear 6%5% | : lM.N.m Pres. - Union Pacific 1t 4s 1947. 2% 93 92% 93 Telephones: Main -7-8 and 9 Union Pacific ov 48 1927. ... T - Information Booklet Sent Upon Request ep 2345-6. Webanh 1ot Ba 1938+ ores 21 100 101 100 wone (| CHAS. D. SAGER Goldsmith Building ‘Western Maryland 4s 1962 637 63% 634 ¢ Realtor o Western Pacific 55 1946.......... 93 924 824 14th Loan Dept. M. 36 West Shore 1at 48 2361 acseasan bflkr 82% He does not! He doesn't even know who owns it. But when he thinks of apartments he naturally thinks of “B. F. Saul Co. We Get the Calls Main 2100. 925 15th St. N.W, write or telephone reservations, and they will be allotted in the order