Evening Star Newspaper, April 22, 1925, Page 27

FINANCIAL, PRICES HOLD FIRM AT CENTER MARKET High Cost of Meat Retards Sales—Fruit and Vege- table Review. Very few have been changes in meat prices orded the past few weeks, It is generally belleved that high prices have contributed to make the market draggy, and dealers are unable to forecast when decreased prices will prove attractive to buyers. Toultry dealers reported prices as being ahove what they were last week, and the butter and egg markets continue firm. Prices of Spring chickens have not yet cheapered. Larger Springers are peing received and the demand is eXpected to be- come active as soon as prices decline. Today's Wholesale Prices. Butter— tub, 52a54; prints, ed, '20a23. v, selected, candled, 30; receipts, 29, Alive—Roosters, 19; young 35 2 Dressed—F Winter chickens, 35a38; roosters, . 28; turkeys, 36a40; ducks, 5 10a45. 111g; lambs, ; capons, stock—Calves, "choice, 10al1; thin, 8a9; 3; live hogs, 13a1315. Beef, 17a18; veal, 18; lambs, THE EVE NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNAN, NEW YORK, April —Selling pressure wae exerted against the gen- eral list again today, but operations for the rise kept on in special issues. Declaration of a quarterly dividend of $1.25 on Middle West Utilities was followed by a drop of 3 points in the stock to 92. The opinion prevailed in some quarters that it was somewhat out of line with other stocks return- ing the same. Stocks of companies engaged in the new electric refriger: NEW YORK, April 22.—Following is an official list of bonds and stocks traded in on the New York Curb Market today: Sales in thousands. i 1Am Deet Sur Gs. 9 $7AMG & E dg. . B 73 Am Pow & Lt 6s 9 11 Am Sum Tob 7348 9 2Am Roll Mills B Anaconda “6s Amso_Sim H 1 oW 18 BONDS. 55 SEEEER SEB L SRERRE B SRR FELEP FSEESTE oSS o noeneS S S oosasSeses ® R S e9es S, SBEXeSS Sonanss: Cong Textiles &s. . uba Co N ‘ug:hhy 3 ¢ ‘udal & ol Bt "6, air, Robt 78.. .. ha_Sig Ol rand Trunk 63%s 004, Rubber 7.. t Paper 6a A 8 3Kauffman D S @ 961 ib McN & L 7s103 Ry 65 wi 067 & Co 7158 10010 & 38 moTh or States 8348 101 B0 “Fower 508 1031 enn P& L B8 52 05 % & 00 RS IR AL S oL SRR Reas S el ovs: 22R5De o0 o FEEREE E ERBAD ke oo S DS cems 222 HEOCO) New Or Pul 2: 20%a21; loins, 80a32; hams, 28a30; shoulders, 19a20. Fruit and Vegetable Review. Today's market report on fruits and ¥egetables, compiled by the Market News Service, Bureau of Agricultural Economics, says sparagus—sSupplies moderate; de- mand light, market steady; South Carolina, doz.-bunch crates, very large size, 3.50a4.50, mostly 4.00; medium to large size, 3.00a3.50; small ‘size, mostly s Md., 2-doz.-bunch . 6.00; large size, medium _size, 3.00a3.50 per doz. bbage—Supplies liberal; demand light, market slightly weaker; South ;' rolina, barrel crates, pointed type, lery ) light; demand light, suarket s Florida, 10-inch crates. 1y 3.50; fair quallty and condition, 2.50a3.00. Lettuce—Supplies moderate; de- mand light, market steady: California, Imperial alley, érates, verg type, 1-5 doz., 3.00a3.50; some poor condition low as 1.00; North Carolina, 5-peck mpers, Big Boston type, best, mostly 00; few higher, fair quality, 1.50. Onion Market Dull. Onlons—New stock: Supplies moder- ate: demand light, market dull; Texas, standard erates. Yellow Bermudas, imercial . pack, mixed, No. 1 and 2, 2.00a2.25; mostly 2.25; Crystal White Wax commercial pack, mixed, 1 and 0a; 0ld stock: No sales reported. Potatoes—Old_stock: Supplies mod- ite; demand light, market steady; New York, 150-pound sacks Round Whites, U. 8. No. 1, mostly 1.90. New stock: Supplies moderate; de- mand moderate, market fairly steady; Florida, double head barrels, Spauld- ing Rose, U. S. No. 1, 6.50a6.75; few low as 6.25. Strawberries—Supplies moderate; demand moderate, market firm; North Carolina, 32-quart crates, various varieties, wide range quality and con- dition, best, 7.00a8.00; mostly around 7.50; some fair to poor quality and condition, 4.00a6.40. "omatoes—Supplies liberal; demand moderate, market steady; Florida, s, ripes and turning, wrapped sinals, some spotted, fancy count, 00; choice count, best, r to ordinary quality and fancy and choice count, condition, 2.50a4.00. String Bean Demand Fair. String beans—Supplies liberal; de- mand moderate, market firm; Florida, 7-bushel hampers, green, fair qual ity and condition, 2.00a2.50. Cucumbers—Supplies light; demand Hght, market steady; Florida, square bushel crates and 7 -bushel hampers, fancy, 5.00a5.50; choice, 3.00a3.50. Squash—Supplies light; demand light, market steady; Florida, pepper crates, white, : mostly Peas— Suppl beral; light, market steady; South mpers, large pod varieties, 5; small pod varieties, best, : some fair quality, 1.50. —Supplies light; demand market steady Florida, fancy, 5.50a$.00; choice, 3.50a Eggplant—Supplies light; demand Jight, market steady; Florida, pepper crates, mostly 4.50. Beets—Supplies moderate; moderate, market steady; Louisiana, bushel hampers, 1.75a2.00; Virginia, Norfolk section, crates, hotbed stock, mostly Sc per bunch. demand TIRE INDUSTRY STABLE. NEW YORK, April 22.—Trade con- ons in the tire industry appear more stable than for years, President Seger of the United States Rubber Co. said today at the annual meeting. ales and profits of the compuny for the first quarter were satisfactory end the outlook was encouraging, he asserted. EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. RETURN ON COMMON STOCK. Next to the matter of price, which was discussed In the preceding ar- ticle, the prospective investor in com. mon’ stocks has to consider the return on his money. It is very easy to cal- culate the yield which a certain stock returns at any given price and any iven dividend rate. If, for instance, the dividend rate is $7 a _share an. nually and the stock sells for 116 the yleld is 6 per cent. Now what the investor wants to Xnow is whether 6 per cent is an ndequate return under prevailing con- ditions in iIndustry and in finance. That is not so easy. Some light will Le thrown upon the problem by com- paring this 6 per cent return with that afforded by grade bonds at that particular time. Under some condi tions 6 per cent may be very liberal | and under others it may be niggardly. The greater the spread between the vield of the bonds and that of the ctocks the more attractive the return ennack” Ol “Gm.. 100 4 ila R T 08 09 CCCStL s R 99 re Oil Co_6%s 100 awsheen 7s. 08s-S 6. » £ 3NN 1 5 D ®g9YTYo: 535 S i o F2 “EaSRR S5 2555 upes2Es! 283228228352 SO SSSusosSnSEE R22E28835288 R R h 78:.108% 108 15 Webster Mills 8358 98% 98134 FOREIGN BONDS. 7 Alpine Mon St 7s 91 2 City Bogota 88 24 21 Est R R France 7s 24 French National 7, 11nd Mtg Bk F 1 King Neth 0s 8 Krupp Frie Ltd 7 1 Municipalits M 1 Russ Goy 648 fem & H % Swins Gov 514 -0 8 Tohs Fee 7o, 901 fales STANDARD OIL ISSUES. n units. 2800 Anglo Am_Oil 100 Atlantic Lo 10 Borne Scrymser. 70 Cumberland P L. 50 Gal Sig Oil. ... 1000 Humble O & R. 1500 Imp Oil Can new 10Id P L..... 5000 Intl Pet’ Co ‘Lid 40 Magnolia Pet o1 04 D005 w0t e et F S R 0 Nat Transit 0 Ohio Oil. . 100 Penn Mex Fi 600 Prairie O & G nw 300 Prairie P L. SRELIESRE >3 P er ey & 900 Vacuum Oi Sales INDEPENDENT in'hazdn. B Allen OI1 ... 54 Am - Maracaive 16 farin Synd 434 Cit Ser? 1§'|g Serv new Wi > balns mopesty FRILEFEE o 1 Kirby Pet .. 78 Lago Pet .10l ! 120 LatinAmer Ofl. Vingsten Pet <R ER 2 2 S ammiam S m R ande bl DGR 5 1 ., . ount Gulf. .. ew Brad Oil New Mex Lan d Bank Otl. 25 15 e ¥ R e T Y posy e Wilcox Oll & G Woodley Pet. ... 20T L BRSNS EREAS EE BoomabiaomBan-Bunfauds w0 Soromatias-San=SunS e, ° 2 2 Washington Stock Exchange. SALES. City & Suburban 5e—$1,000 at 84%, 000 at 84% . B enimgton “Gas Gs '33—$200 st 1 025n “Mergenthaler 10 PlA—50 at 9%. AFTER CALL. 1 Traction Co.—2 at 92% Siitcion Kwy. & Elec. 435,000 at Riggs National Bank—10 at 343, 10 at 5 « Traction Co.—30 at 92%. 30 at 02 10 TN, T at oba tional Mtge. & Inv. ptd. 100 at 9%. Capital Traction b5s—500 at 97%. Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. 79, American Tel. & Telga. 4s.. Amer. Tel. & Telga. 4% Am_ el & Tel. otll 7 na. & & P. Telephone bs. & P. Telephone of Va. p. Traction R. R. 58 City & Suburban 5. Georgetown Gas 1st Bs. Potomac Elec. 1st Bs. Potomac Elec. cons. Bs. Potomac Elec. 8s 1853... Pot. El. Pow. §. m. & ré Wash.. Alex. & Mt. V. b Wash.. Alex, & Mt. V. ct Washington ‘Gas bs. Washington Gae_6s. wash. Rwy. & Elec. 5.7 Wash. Rwy. & Elec. gen. 6s.. MISCELLANEOUS. D. C. Paper 6 Pot. Joint Stock L'd Riggs Realty bs (long Riggs Realty short. Southern Bldg. 8%s. Wash. Mkt, Cold Storage. Wardman Park Hotel STOCKS. PUBLIC UTILITY. Amer. Tel. & Telga. Capltal Traction ot shington, : Ly Norlole & Wash. Steamboa. Wash. Rwy. & Elec. com Wash Rwy. & Blec. pfd Terminal Taxi com... NATIONAL National Capital . olumbia : Commercial District Farmers & Mo Fedoral-American . Liberty Lincon onal Second National Bank of on_the stocks. The general level of money rates is another important consideration. If funds can be borrowed cheaply 6 per cent on one's stocks holdings may be very attractive, but if money is dear and the banks charge a high rate for accommodation 6 per cent may be un- attractive. Then again the still more important matter of the permanency of the prevailing dividend rate 1s still 20 be inquired into. Stocks sell in the open market not alone or evan prin- cipally on their present dividend rate, but on expectations of the future. A very high return indicates doubt as to its permanence and conversely a very low return indicates hope of a dividend increase. Stabllity of market price shows conviction that the divi- #adend rate is to remain uncha § ed in- definitely. Only the well informed or the well pdvised should venture the acquisi- f stocks as investments. L (Copyright, 1925.) SAVINGS BANKS. Commerce & Savings et Ravine = TUnited States. ... . Washington Mechanics' FIRE INSURA: American Corcoran, remen’s National Union TITLE INSU! Columbia Title. Real Estate. . MISC] b. C. Paper ptd Merchants’ Trane. Mergenthaler Linotype. . Natl, Mtge. & Invest. pfd. 01d Dutch Market com. Old Dutch Market pfd.. Lanston Monotype Security Storage. Wasl on M Yellow SEx v tion industry were persistently bought. Serv. El. Corporation sold up well over a point and a half. The action of Kay Copper indicated that the stock is now in strong hands. (It was actively bought around the 2 level after naving crossed that figre yesterday. The early break in Chrysler Motors carrying the price down almost 5 points was sympathetic with a de- tline in Maxwell Motors “B"” on the Stock Excl ge. Utllitles Power and “A” stood out strongly. % Z 3 H INDUSTRIALS. dirondack Pow. 57 lifed Pa al L 56% 56 5 225> 233 » % >52 rpow 3 & Elec new wi Armour & Co vic 2 Artipom Cor %3338 s enisaonon > Ksoct G 2 Aséo D ™ g e ST R S USRS B R F RNISE W OF £ OF R S daomisis BORGS! oo otany Con Mi A Bridgepo,t Ma wi Brit-Am Tob_cou Brit-Am To Co re B - » CERR R FIITEEES 1Dt gsion oo ucyrus Co .. ut Ge EI Co new Car Light. .. . ntri; Cor.. ap Sacks & Co hatterton & Son 26 Chryaler wi . 9 Cleveland Auto. leveland Au pf Com Pow Cor.’. 8 3 1 iz o Feec ks s oz Cons Gas Balt 1 Bar A 1] Contl Bak § 2 Contl Bak pf “uban Tob C vto ¢ Ine 20 S RIS Sae SRRt Sh e I B RS 5 Joreto & PSR SRR ez s ASENEEEERERES! PR SERE o teriet Contl iR - Sy o S RO g aaon FRELENEEEES R SRS SR e R ABEe s 225 S ool o - S FOge <’ £l Investors Inc Fed Metals T.. ord Mot Co Can 4 reed Else R C Freshman, Chas 2 Gen Outd Ad Hllette £ Glen Alden Coal 1 odyear Tire .. ; Bakerles 1 Happi Candy S 5 Hazeltine Corp. . 1Inter Contl Rub 1ot M C pt 1Inter Utilities B 1 Kelvinator ~ Corp 34 Lehigh Val Coa! 28 Lenigh V € NC & Ln Ch st 7 Max Mot B ctfs 4 Middle West Util id We 3 r In ¢ Pow & Lt 0o - FRa Sen e 225E5E BB Lan BB e S8R EE SR s8R 0 BataliiEabo st riotsame T 1 st =Eacal: 2 w® e & FREE SEERL cooi et 2280t BB BahlRI R SEL s BEERESSE 0t BE FELE FEFSTE QWG GFF F oomis FSLE SFEFE o & B s toes pxie ko0 a3 aomt o to B oy T ey e Cseh b = Dnm kRS- o o Pl n pt wi Nor States Pow. Nor St Pow wis Nor Ohio Power mnibus Cor v aige Motor 3, Pathe Ex In; Power Corp N 1 Purity Baking B 2 Prophylactic Bra i i Pyrene Mfe i Rem Noise Tp A 13 Reo Motor. . 3 Rova Ra Cor ' 1 Seagrave Corp 2 Toro El A )80 C & T new. 4 Southeast P & T 02% 14 & Edison. 106 iq 1280 Cal B4 B prd 01 4 Southw Bell pfd. 108% | Stand "Pub Co A 2814 e ittt 4 RIS FEE 8 P20 & o 2 Tenn EI Pow, i Thermiodyne R 1Thomp R C vic Unjon_ Carbide . E n. FES T ey s wic T FFsE EaaE [ et R cdad L Z5342 223, e arn Bro_Piot A eatern Pow pf vh Ric Min Sp o ST F tHaon wew wi ilson A new wi Vilson A ptd wi MINING. FFETIGFIE FEARRE SR & ] BUBLBROE G R A S DE 10, BRsR 00 2 E S AU NDI1 B RO B! ST #Azgdss o 01D s B ey o 1B Dundee Ariz Eureka_Croes: Forty Nine M| Gold' Staj Harmill_Diy 3 Hawthorn M The . Hecla Mine . Howe 8d n vt 8 Kay Copper Co 1Kerr Lake . s Sa FEFe D2ty FEIROE -4t IO e New Jersey Zinc 1 Ohio an Toy J Tonopah Extens. 20 Tononah, United ? 12 United Verde E 7 Utah _Apex. 16 Wenden Cal astn WESTERN MARYLAND’S EARNINGS DROP OFF Special Dispatch to The Star. BALTIMORE, April 22—Revenues of the Western Maryland Railway Company for the second week in April showed a decrease of 3 per cent, falling $10,305 below the earn- ings of $360,424.44 shown during the corresponding period of 1924. Total earnings of the year to date amount to $5,568,953.51, compared with $5,- 799,285.54 during the corresponding period of last year. RUSSIANS BUY DREDGES. Soviet Mining Engineers End Visit in This Country. NEW YORK. April 22.—Five repre- sentatives of the Russian Soviet min- ing and machine construction indus- tries, who have been spending three months in this country studying American mining methods, sailed for home today after having placed an order for five electric dredges with the Yuba Manufacuring Co. of San Francisco. The machines, which are valued at $1,200,000, will be used in the Ural platinum flelds. —_— ROAD'S REVENUES UP. NEW YORK, April 22—Larger revenues for March are reported by the St. Louis-San Francisco Rail- way. Surplus after charges was $401,000, against $242,000 in Marchlast year. Net operating income increased to $1,677,000 from $1,485,000, and gross reached $7,376,000, compared with $7,002,000 a year ago. FIRST DIVIDEND VOTED. NEW YORK, April 22—Inaugura- tion of dividends on the class A stock of Stern Bros. on July 1 at the annual rate of $4 a share is under- stood to be under consideration. This would be a dividend yield of 7,20 per cent at the current price of the stock, which was sold recently to investors at $55.50 a share. PACIFIC OIL'S NET. NEW YORK, April 22.—The Pa- cific Ofl Co. earned $3.50 a share in 1924, in contrast to $2.55 a share the year before. Net profit was $1 893,765, a gain of nearly $3,000,000. Gross earnings reached §23,448,932, an increase of $3,572,930. ot e GRASSHOPPERS ACTIVE. FORT WORTH, Tex., April 22 (Spe- cial).——Grasshoppers, which last year destroyed trees on the western plains as well as whole flelds of growing crops, have made their appearance in countless numbers in the cotton | districts. Haskell, Colling and Ellis _fi“fconnueu were the first to report the NG STAR, WASHINGTON CHEAP SUGAR WILL BE GANNING BOOM Fine Outlook for Fruit May Also Result in Record Preserving Year. BY J. 0. ROYLE. Special Dispatch to The Star. NEW YORK, April 22—~The de- licious aroma of preserving fruit will arlse from the kitchens of, America in unparalleled volume this year. For the American housewife makes few mistakee in her judgment of markets and the season {8 opening with sugar conditions better and more stable than for a long time. Weather con- ditions in general throughout the country have been remarkably favor- able for fruit and there are excellent prospects for good yields. Sugar Prices Way Down. The contrast as to the sugar is particularly sharp, as Somparea with two years ago when, for no apparent reason, Kastern refiners of Cuban sugars skyrocketed prices to such an extent that the entire country be- came alarmed. Housewives formed organizationsto curtail consumption and the President directed an inquiry to be made. This inquiry developed that the Cuban- American growing and refining inter- ests had complete control of the do- mestic sugars, cane and beet raised in the United States and its island pos- sessions. The high prices continued until the new domestic crops became available. Increase in domestic production in the last two years has exerted a steadying influence and there have been few wide fluctuations of price. These crops are steadlly increasing and apparently have sufficient weight to prevent a runaway market. Cuban Supply Very Heavy. In addition, Cuban production, ac- cording to recognized experts, prob. ably will reach a total outturn of about 4,900,000 tons. Preduction in the fsland up to the first of this month showed an increase over 1924 of 437, 139 tonk. Stocks at Cuban ports the middle of this month considerably ex- ceeded 960,000 tons. Western beet sugar producers are now quoting 5.60 cents a pound, or a tenth of a cent under Eastern refiners. The Loulsiana sugar industry now 1s changing for the better, and it had need, for it was in such desperate case that it almost disappeared. Bankers who had to take over plantations and suddenly found themselves in the sugar business are still suffering from a bad attack of nerves. In the old days the Louisiana plant- er was the aristocrat of farmers, but none the less a farmer, since his problems were largely agricultural. He planted the cane, harvested it, carried it to his little mill, pressed out the juice, boiled the sirup and s0ld the brown sugar. But after the Civil War the labor problem became difficult and processes more complex. Changes in Methods. The planter founa the sugar house, not his felds, was taking most of his time. He suddenly was forced to be- come a manufacturer and salesman, although he still had to produce his raw materfal. He could not afford to hire executives for the various phases of the industry. Leaks developed, es- pecially in production of cane. Fields became infected with disease and production dropped. Last year the average Louisiana production was 7.9 tons of cane per acre or only 3 tons more than seed requirements. It takes 14 tons to the acre to pay for culti- vating and harvesting a crop. ‘The industry has been saved by de- velopment of disease resisting cane that has been proved capable in the Terre Bonne section of yielding from 30 to 40 tons an acre. Sufficlent seed from these varieties will be raised to plant the entire belt within two or three years. Experts Now Give Aid. For the first time the planters have commenced to co-operate in hiring ex- perts to handle the different phases of sugar production. This is the best guarantee that the Louisiana sugar industry has coms back. The low prices of sugar this year have caused most 6f the agitation over sugar tariffs to disappear. The political phases of the subject still re- matn, however, and apparently will continue as long as the major political parties have opposing tariff views. Loulsiana sugar men say, neverthe. less, that a cut in tariff in favor of the Cuban producers now would undo their work and doom the industry. As matters stand, the beet sugar in- terests and the cane men of the fs- land possessions are prosperous, prices are well within the range of ail and housewives are preparing for a busy preserving season. ROLLS-ROYCE REPORTS POOR YEARLY EARNINGS By the sociated Pres NEW. YORK. April 22—H. J. Ful- ler, chairman of the board of Rolls- Royce of America, Ine., today was elected president of the company, su ceeding L. J. Belnap, whose five-yea term expired. . Fuller. will -hold both offices. W. L. Wright, president of the Savage Arms Corporation and also president of tha«J. Stevens Arms and Tool Company of Chicopee Falls, Mass., was elected a director. Rolis-Royce of America had a poor year in 1924. Net profit was only $15,300, equal to 43 cents a share on the 7 per cent cumulative preferred, compared with $18,240 in 1923, or $8.95 a share on the preferred. SPECIAL The following officers and directors of the Seven Oaks Golf and Country Club, at their meeting held April 20th, have authorized for 10 days only from this date a special profit- sharing inducement to those who wish to par- ticipate in the tremendous profits of this privately owned public Golf Course and Swim- ming Pool. Frank T. Harman, Jr., Vice Pres., Merchants and Trust Co. Marshall Whitlatch, Founder Burning Tree Club. Claude VEI gw- E. Sinclair, . Supt., Potomac Elec- tric Power Co. D. $100,000,000 GAIN IN'SOUTHERN TRADE Business With Neighbors in Latin America Shows. Re- markable Growth. Special Dispatch to The Star. NEW YORK, April 22—United State trade with its American neigh-| bors at the south shows an increase of over $100,000,000 in the eight, months ending with February when compared with the corresponding period of last year. This big increase, says the Trade Record of the National City Bank of New York, occurs in both Imports and exports. "The total exports to Mexico, Central America, Bouth America and the West Indian Islands, were $544,000,000 in the eight months ending with February, 1925, against $467,000,000 in the same months of last vear. The imports from the same countries in the corre- gponding period were ~ $653,000,000, against $604,000,000 in the like period of last year. Cuba Holds Highest Rank. * Cuba, adds the Trade Record, holds the highest rank among our customers in the Latin American section. ~Our| expor:s to that island in the eight months ending with February, 1925, were $137,000,000, against $87,000,000 to Argentine, $46,000,000 to Erazil, $21,000,000 to Chile and $95,000,000 to Mexico. . Cuba, the chief source of our sugar supply, also holds first rank in our imports from Latin America. the total imports from Cuba in the eight nionths ending with February being $177,000,000, against $136,000,00 from Brazil, the chief source of our coffee; $49,000,000 from _Argentina, which comes chiefly in the form of wool, hides and quebracho: $58,000,- 000 from Chile, largely nitrates and copper, and $114.000,000 from Mexico. Imports Also Mount. Imports from the consideration show a growth, especially by reason of our growing reliance on Cuba for our sugar and Brazil for our coffee. The imports from Cuba in the eight| months just ended were $177,000,000 value against only $87,000,000 in the like period of 1915; from Brazil, $136,- 000,000, against $64,000,000 a decade ago; from South America as a whole, $321,000,000, against $153,000,000 in the eight months ending with February, 1915. area under corresponding TODAY'S NEW OFFERINGS. NEW YORK, April 22.—New offer- ings today were led by $10,000,000 Commercial Investment Trust Corpo ratoin 5 per cent serial gold notes at prices to vield 4.50 to 5.75 per cent Another lssue was $2,000,000 Cépen- hagen Telephone Co. vear sinking fund external 6 per cent bonds, priced at 99% to yield 6.03 per cent. Money to Loan Becured by first deed of trust on real estate Prevailing interest and commission 420 Wash, L. & Truet Sh&F NW. First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. 738 15th Btreet FEDERAL- AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President STATEMENT OF THE CONDITION = Of the Georgia Casualty Company Of Atlanta, Ga.. on the 31st day of Decem- ber, 1924, s required under the Dis trict of Columbia Code, amended June 30, 1902, and August 18, 1911. Capital stock ; $500.000.00 Capital stock, pai 500.000.00 303240 30018318 up,'in cash ASSETS. Cash in offics Cash in bank Real estate Real estate ~miortgages (first . 974.557.80 and " “bonds (market other assets loans . 5 Total assets . x LIABILITIES, Net unpaid _claims .. Reserve as required by Reinsurance premiums E‘Il:flel Tents, expens Commissions, brokerage, etc. Capital stock ... A1 other liabilities Premiums .. 99,351.16 Total libilities 1$2,950,592.( Charscter of business transacted during the year 1924: Miscellaneous Casualty In- surance. 1.708.03 S 500/000.00 Unearned Losses sustaimed during the $1,477,536.31 .617.766.16 T .013.800.0¢ . E. SMALL, President. J. C. MQRTON, Secretary. Bubecribdd and eworn 10 before me this 17th day of April, 1925.° (Seal.) H.'J. POE, Notary Public. GEQRGETOWN REALTY & INSURANCE CO., INC. Real Estate and Insurance 1219 _Wisconsin Ave. N.W. Phone West 2438, year 1924 Expended during ~ the 1924 NOTICE U, WEDNESDAY, APRIL Eugene A.-Smith, Vice Pres, Dist, Lawyers’ and Wash. Title Ins. Cos. Henri de Sibour, Architect. J. Curtis Walkes Director, Title and Invest- ment Co. of Md. This is an unusually generous offer, which positively expires April 30th. Don’t miss it! SEVEN OAKS GOLF AND COUNTRY CLUB INCORPORATED 1512 K. Street N.W. Main 3375 Kindly send me at once full details of your special participating offer. : Name 22, 1925. Unqualified Guarantee-— Maryland 1st Mortgages We ofter FIRST MORTGAGES to pieng o et iy denominations of, 8500 o $10,000 oh Montgomery Georges (ounty real estats APPRA":?- MEN'TS by the Valuation Committee of the HYATTSVILLE BUILDING ®ABSO- GIATION, " record of 40 ‘years without a lo‘llh d dfltlfl]l three mililona Mivented o Mary lund morteages NAT'ONAL BANK 4 DRR CENT INTERE! AY I |‘ 'llTl’;:?AT‘K“ ) are iswued as your receipt pending de- D fvery ot AP ROVED FiRdT MORT- GAGE INVESTM! . Not a participat- 3 ing ‘trust certi Mortgage Direct to Investor MARYLAND REAL: ESTATE TITLE CO. G b 0 WELLS, President 1301 H Strest N.W.. Washingten, D. O Phone Main Estb. 1910 WANTED Second Trust Notes This company has funds available for the purchase of all kinds of second trust notes, secured on real estate in or close to D.C. Prompt Service & Washington [nvestmentg and Transactions Co. Inc. 713-15 14th St. NW. Main 3662 o ———[a]——H| t MONEY TO LOAN ! First Trusts placed and Second & Trusts bought on improved prop- + H erty in the District of Columbla. Also money available for Third Trusts in small amounts, Virginia and placed Prompt charges. KAY-SCHNIDER-KAY CO. Incorporated Investment Bldg. Franklin 513 Nearby Maryland Trusts on improved property. service and nominal Mortgages Which We Offer For Sale— This is one Of the Vital Reasons For Investing In Our First Mortgage Notes Paying 6Y4%. . They are all secured upon improved Real Estate in this city—worth double the value of the mortgage. Ask for Litevature Mortgage Investment Dept. 713 and 715 14th St. NW, Main 2345 Jersey Central Power & Light Company Properties. controiled by these companies are interestingly de- scribed in an illustrated circular which will be sent, together with our April List of selected offerings, upon request for A-552. Pennsylvania Electric Corporation E. H. Rollins & Sons Founded 1876 416 Woodward Bldg., Washington Boston, New York, Philadelphia, Chicago, Denver. San Francisco at7% OUSANDS of invest- ors who have clipped coupons from Smith adver- tisements are now clipping coupons fromSmithBonds, You too, will want to in- vest at 7% in Smith Bonds when you know the, facts about them. ; ‘These facts are told simply and brieflyinour new book- let, “Fifty-two Years of Proven safety.”” Mail the coupon today. The F. H. Smith Co. Founded 1873 NeLots to Any Investorin 32 Years Smith Building, 815 Fifteenth St. THE F. H. SMITH COMPANY (1) Smith Building, Washingtoa, D. C. Please send me a copy of, bookiet 52 Years of Froven o FINANCIAL. Offices for Rent Saul Building 925 15th St. N.W. In every way most desirable. Abundance of light and air. Mod- emn in every respect. Inspect these desirable offices today. Reasonable Rent B. F. SAUL CO. Main 2100 925 15th St. N.W. But What of the Future? 'I'HE old saying about letting “to- morrow take care of itself,” is all very well, but it wouldn’t work out in actual practice today. Lay up comfort and happiness for yourself by investing in Wardman First Mortgage Notes Bearing 61,% Iaterest Denominations Range from $100 to $100,000 W. MAN Constructio vany 1430 K Street e Main 35350 “Weé House One-Tentk of Washington's Population” Funds Available for First Mortgage Real Estate Loans on Improved Property in the District of Columbia Applications invited, Every courtesy extended Park Savings Bank 14th and Kenyon Sts. N.W. The Prudence Company. of New York Invites Applications for Construction Loans Long-Term Refinancing Amounts of $50,000 and over FRED T. NESBIT Loan Correspondent Investment Bldg. Main 9392 APPLICATIONS INVITED for LOANS on ; "IMPROVED PROPERTY Located in the District of Columbia and adfacent Subwrbs in Montgomery County, Md. 2 . ':l!pply ro H. L. RUST COMPANY LOAN CORRESPONDENT ®he PRUDENTIAL INSURANCE COMPANY o AMERICA 912 15th Street N.W. Main 68388 Metropolitan Housing Loans (Mstropolitan Life Insurance Company) On homes in the District of Columbia and suburbs in Mary= land and Virginia. These loans may be made for 15 years and aro very ad- vaniageous to the borrower for the reason that they elimi- nate extensions, or new loans at the end of short periods. No lUife insurance requirement. Write for booklet. Unlimited funds for loans in the District of Columbia on BUSINESS PROPERTIES APARTMENT HOUSES " OFFICE BUILDINGS AND HOTELS Lowest Interest Rates—Brokers’ Applications Invited WEAVER BROS., REALTORS 735 15th St. N.W. Phone Main 1821