Evening Star Newspaper, April 28, 1925, Page 21

FINANCIAL., (HEAPEREGES ARE. DUE N FEW DAYS Market Soon to Be Flooded With Fresh Stock—Other Quotations. ing for cheaper pri arket next month. The ma of weakening robabi before t il put in v off s report, with L drop of a cent or two f the week. s of eggs have heen this month, taking belleved by local few eggs will be . which will mean flood h stock nains firm, gns of weak some storage but it is not is stated, its is different from the fresh | has been |- » change in price > past few ¢ Today’s Wholesale Py Fancy, tub, es. 154; prints, 30; a, candled, “resh ers, turkeys, duc capons, 40245 ves, choice, Sad; 1112; lambs, ¥ruit and Vegetable Review. on fruits Today's market repo . the (compiled by ews Bureau nomics) Aspara h crates, medium_to 1.5 s moderate; dema ly: Californi iceberg tvpe, ); North some arriving poor condition, | Boston type, 1.00 | Potato Demand Light. stock: supplies mod te, market firr standard ¢ vellow Be: reial pack, mixed, Nos. 50; old stocks, no sales "’y’n‘\frp{,m., Old stock; supplies mod- erate, der ‘market steady; New York, wcks, round whites, 2.00. New stock, mode; uble-head to ordl 32.q¢ nary. varieties, ordi 0a6.00; some, ) fair con m 6.00a6.50; od moderate ida, 63, rip orig wra 4.00a4.50; 4.00. turning, count 00: Cucumbers Are Cheaper. upplies light; demand moder L crates String best, mos beans—supplies heav: rate, market dull; ¥ i) Apers, green, mostly dinary receipt: ht Supplies liberal lcet slightly w hampers and sq e uar bhushel crates, N 1, best, o 4.50, some ordinary quality low v; demand lim- North Caroling all-pod varietie v weaker; 4 e, 3.5084.00. pepper crat ze, 3.50a P uash — Supplies liberal; demand timited ket =l weaker; Flor- da. pepper crates, white. 2.50a2.75 I empers — Supplies moderate: d mand moderate, market fairly stead; tes, No, 1, mostly around SHORT-TERM SECURITIES. €Quotations furnished by Redmond & Co.) ed Ol Bs 10 Thmore & Ohio 6 Bethlehem Steel intrid of ¢ Mil. & i 1004 Morne & Co. 7ia8 New Yorl Central regon Short Li . R. R &M TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) off 100 7-3: 100 100 1-16 100 % DIVIDENDS. Pe. Pay- Corp riod able. Ang-Chilia Con Cig: do s Coca-Cota €. . Mo/ pE. 1 o Gen Motors " do 7% bt o { 4o 6% i ol Con G M. Bt Steel Prod. Mowt oo s FP o R S'pil Vaion Tank C. do vt Rate June 1 June 1 July 1 July 1 June 12 Aug. 1 Aug. 1 Aug’ May July July July May Apr Apr. A5 May 000,01 May 15 June June, 1 June 1 cocece A Word to Speculators. It you must speculate, select @ rep- utable broker who holds metabership in a recognized stock exchange. Ix- change requirements, in themselves, are some protection, as its members Pust comply with business ethics as provided by rules and regulations. I & member violates these rules, he hazards. his membership, which 18 usually his greatest asset. Californfa, | and condition, » Huod: “ | Washington Stock Exchange mostly 4.00, | is showing signs | the rket and keeplag up BY WILLIAM F. HEFFERNAN. NEW YORK, April 28.—The buying that came into the curb market today represented largely covering orders by these who were of the opinion that the United States Steel report issued after the close of business was to be satisfactory. The important changes were all on the side of advance. Tollowing publication of the Stand- ard Oil of California’s report for 1924 the oils were taken in hand and bid up sharply in some instances. This was true of Humble Oil, which sold at 43 inst the previous close of of Anglo-Americ NEW YORK, April is an offictal list of bonds traded in on the New Market today Sales in thousands. BONDs, 10 Allied 31 Pack thiniin e 1 Thread Co Anso Gan 63480 Andran Nat" s TAUGEW TS S ba 4 Atl Fryit 8s Tn B & O'R bs wi.. Beaverboard & 35, | i 4 Beth Steel 73 11 Can Nat Ry } Can Nat RY 4140 v v 7 Cit Serv P &'L 65 8 Cuba Co of NJ 68 D21y o Gudany” 8e 0.7 LR udahy 33%a 2 Detroft City G iss 1041 1 Detroit Edison 6s 1147 Dunlop T & R, F 5, iGu 1 Hood, Rubber 1Int Paper te 8 Lehigh Pow 2Lib McN & 3 Janitoba Leather 8 Orliis P Ser 5s. Sta Pow i35 1017 SUP M 6las C.10815 1 % 1000 5 715s10210 1013, Shaws e Stand G & E 6%41 SO G Kiver 2t 10 033 s 9713 Wi 1014, wi 101 P wi 0 wi O3y wi 9R{Q wi 08 wi EEEEEE LR Vacuum il Webster Mis 638 98 Alpmne M Steel 78 91 FOREIGN BO: ISEst R R Fr 7s wi 6 French Nat_7 3 In Mtg BK Fin 7 1 King Neth g 5 30 Krupp ¥ Lt 7y wi 12 Mtg Bk of Den 6s 5 Mun Meddellin 8s 1 Russian Govt 5las 6 Russian_Govt 6 14 Siemens Hal 7 1 Siemens Hal 7 EEE T SESFRLEES e te, | 2 10 Iilinols ) Iny Nat 50 Northe 300 O %00 S O 80008 0 A 800 Va Sales INDEPENDENT OIL ST¢ in hdrds. Colom 9 Contl Ol.. 1 Creole sSynd SALES. 0. & Inves 2700 at 81 AFTER CALL. Capital Traction Co—b at 93, 10 at 93, 03, & at 93, 2 at 93 10 at 63, “apital Traction 5s—S$1,000 at ‘078 Warhington Gas 68 '33—S100 at 10215 Southern Bldg. 0126 —$2.000 at 101, Washington Gas 65 33—$1,000 at 10334 Wash. Rwy. & Elec. com —8 at 109% . 10 st 100%. 10 at 100%. 50 at 108%, 36 at 108%. Mergenthaler Linotype—10 at 180, 7 at 180, 3 at 180 Lanston Monotyps—10 at 81, 100 at §1. Money—Call loans 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Eldv Asked. ‘5 American Tel. & Telza. 4s. Amer, Ter & Telra. 414 Am. Tel. & Tel. ctl. tr. Am. Tel. & Tel. con Anacostia & Potomac 5s. Ana. & Potomac guar. 5. C. & P. Telephone b8 C. & P. Telephone of Traction R. ity & Suburban Se. Georgetown Gas 1et O 1003 128 Potomac E} Pot. El. 8a 1053.. . Pot. El. Pow. & Wash., Alex. & Mt. Ver. bs. Wash.. Alex. & M. V. ctfs. Washington Gas bs... .. e Elec. ds. ] 78 & Elec. gen. 6s.. 101% MISCELLANEOUS. D. C. Paper 8s. 833 Pot. Joint Stock Riggs Realty | Rigks Realty southern Bidg 5 Wash. Mkt, Cold Storake 5. | Wardman Park Hotel 6e.. STOCKS. PUBLIC UTILITY. American Tel. & Telga. Capital Tractio Washington _Gas. Norfolk & Wash. S L. B (long) (short). olumbia Commercial “ederal-American Liberty .. | Lincoln ! National American Sccurity & Trus Continental ~ Trust. g e Nitional Savings & Prs ‘ommerce. Font " Washingto Security Savings & eventh_Street. mited States... ... . Washington Mechanics FIRE INSURANCE. Firemen's .. National Union. TITLE INSURANC] Security Storage. V{llhlnléfl“b Market. 3 YUY dividend. " iBooks closed. THE EVEN G STAR, WASHINGTON, D. ¢, — NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office gained a half point of active trading. Large blocks of South American oils was taken around the Monday's flnal, and subsequently prices worked higher. The feature in the mining group was the further advance of 3 points in En- glneers’ Gold, when it sold at 49. New Jersey Zinc lost part of its 5-point ad- vance of Monday on realizing sales. Heavy selling of United States Rubber 613 per cent serial bonds accompanied the report that the dicate had been dissolved. Professional operators were successful in causing another 2-point drop in Victor Talking Machine. clid il Co weon il Cor. | If Oil of Pa ving: Panuco . unt Prod Bradford 0il ew Mex Land . ber Oil Corp. 3 Red Bank 01 38 Roval Can O & R 3 Salt Ck Prod 2 Unit Cent OIl. .. 10 West Stat_Oil 5 Woodley Pet INDUSTRIALS 6 Adirondack Pow. B8 1Adiron Pow pi101% 1 Allied Pack nw 5 14 Am Gas & El. .. Am Gax & EI pf 13Am L & Tract. . 801 Am I, & Trac wts 7Am Po & Lt new 1Am Pow & L pfd 4Am Steel ¥ n w 8Am Superpow A 2 Am Superpow 3 Asso Gas & El. & EEEee R AT, E80 SR o 1Armour & ) 1 Artloom Corp wi Artiodm El new 1 Bur Ad M new pt 1 Campbl Soup pt 19 Car Light 1can Dry 1 Can Dry 19 Chapin S, 6 Chatterton & Son 6 Chr Com Pow Co war Cone Gas Balt n Continent Bak A 2 Conunent Bak B 1 Contin_Bak pfd 1Cuba_Co . Cub Tob Co v Coty .. 6 De For Rad € vte 60 Dodge A wi. 1 Doebler Die Cas ¢ 6Dubil C & Rad 1 Dunh Intl Tnc Durant Mot 2 Film Insp Mach 1 Franklin Mfg 14 Andrew Mfg pfd ree Eis Ry Cor Freshman Ch wi 0 Gabriel Sn Mf A Gen Ou A Cor A illette S R Glen _Alden Coal 31 Goodsear Tire. . 5 Grennan Bak . Hall S & § Co pt Happiness A Hazeltine Corp . Hercules Powr . 3 Inter cont Rub © st T pt Mi West Ut pr It Mid er A Wi .. NY Tel Co pta Ni Pl new pf wi No st Po Cor pf Nor O Pow Oppenheim & Col 3R Jom Cream Rem Noi T A wi Reo Motor. ... Rova Rad Co vio Safety Car Heat et N TS 2 Serv 65 Sit_Gel Pr 2108 N Eng T & South Pow & Li South Cal Edison 3Sou Cal Ed B pt 2 Sou Cal Edis A- 1 Spear & Co, 1 Spear & co pid 2 Standard Motor 4 Stand Pub Co A Stutz Motor Swirt _Tntl 2Tenn Elee Pow 1Tenn EI P 2 pt 5 Therm Rad_Corp 5 Thomp Ra Co vie Unfon Carbfte . . Un Lt & Pow ‘A United ‘Pft Shar til P & L Cor A S'Lt & Heat ict Talk Mach arn B Pic A wi Yestern Power Yestern Pow pid Vick Spen St wi ilson’ new wi Tlaon A new wi son new pfd.. M 60 Ariz_Globe Cop. 11 Canario_Copper. . 58 Chino Ext Mines . 1 Cresson Gold . - 20 Digmondfid. BB 10 Dundee Ariz Cop 54 Eug G M Lt Ind E Croesus. .. Mine o Yte T L & REEELE - 235354 23 Kay Copper Co b Kerr Lake. . 20 Lone Star... 1 New Jersey Zin 15 Nipissing 36 Ohio Cop 2 60 Petorson Lake 7 Premier Gold M 0 Rochester Silver. . 100 Silverdale 2 10 Standard Silvr L, 2 Teck Hughes ... 3 Tonopah Exte; Tonopah Min United Verde Ex S Continental . Unity Gold =" enden Copper. White, Cavs Ext . » o CALL MONEY LOWER. NEW YORK, April 28.—Call money, easier; high, 4; low, 31%; ruling rate, 4; closing bid, 3%: offered at 3%; last loan, 31; call ioans against accept. ances, 31Z; time loans, steady: mixed collateral,’ 60 to 90 days, 3%; 4 to 6 months, 4; prime commer- cial, paper, 3%af. TODAY’S COPPER PRICES. NEW YORK, April 28.—Copper— Firm; electrolytic, spot and futures, Tin—Firm: spot and nearby, 55.25; futures, 54.62. Iron—sSteady; prices unchanged. Lead—Steady; spot, 7.75. Zinc—Easy; East St. Louis, spot and 18 10 39 39 100 | tutures, 6.90a7.00. Antimony—Spot, 11.25a11.50. FLOUR LOWER TODAY. MINNEAPOLIS, April 28.—Flour, 20 to 30 lower at 8.20a8.25 a barrel. Ship- ments, 30,830 barrels. Bran, 24.00a 24.50. Wheat, No. 1, Northern, 1.43% al.45%; May, 1.41%: July, 1.43, Corn, No. 3, yellow, 1.00a1.02. Oats, No. 8, white, 373%a385%. Flax, No. 1, 2.68a2.70, PIERCE-ARROW’S NET UP. NEW YORK, April 28.—Pierce-Ar- row Motor Co. had a more profitable first quarter this year than in 1924, net income of $200,416, comparing with $78,729 a year ago. This was equal to $1.68 a share on the preferred after deducting the $§2 dividend require- jments on the prior preference stock. DODGE TRANSFER READY. NEW YORK, April 28.—Dillon, Read & Co., syndicate managers for Dodge Bros., Inc., have been notified that the transfer of the Dodge property to the new company probably would be com- pleted this week. Separate temporary stock certificates for the preference and common ‘shares will be available for dellvery within 30 days thereafter, | ated EVERYMAN’S INVESTMENT: BY GEORGE T. HUGHES. Typical Utility Stock. As an illustration of investment stocks we may take American Tele- phone & Telegraph and subject it to the three tests discussed in the pre- ceding articles in this series. First consider the matter of price, and it is at once noted that the range is comparatively small. In other words, price stability is more char- acteristic of this stock than of most others with an active market. This is a very important item from the standpoint of the investor who con- ceivably might be called upon to realize upon his investment on short notice. As this is written the range for the year between the high and the low has been only six points, and part of this was due to the two and one- quarter-point deduction which comes off the ice automatically the day the stock sells ex the quarterly divi- dend. American Telephone & Telegraph has the largest number of stockhold- ers of any corporation in the world, and its shares are the most widely distributed. It follows that specu- lative interest in this stock is at a minimum—also an advantage -to the investor. As far as prioe is con- cerned, the telephone stock may be bought at any time. Now take the matter of return on the money invested. Paying 9 per cent and selling at 130 the return is 6.9 per cent, and at 135 the return is 6.7 per cent. Even at 150 the vield would still be 6 per cent. Under pre- vailing conditions in the money mar- ket and in comparison with the ylelds on investment bonds the re- turn on American Telephone & Tele- graph stock at the current price is liberal. Of course, we have to examine in this connection the stability of the present dividend rate. Earnings per share on the capital stock then out- standing were $11.35 in 1923 and $11.31 in 1924. This may not seem wide m8&rgin over the $9 dividend, but when the very large amount of stock outstanding is taken into account the margin of safety is actually reason- ably adequate. As a rule, a public utility does not require the same margin between earnings and divi- dends as does an industrial corpora- tion to reassure the investor. Finally the management of its public rela- tions by the American Telephone & Telegrapi Company has been so in- telligent as enormously to strengthen the investment position of its stock. (Copyright, 1925.) SOUTH MAKES GREAT GAINS IN INDUSTRY Manufacturing Has Outstripped Growing of Cotton in Finan- cial Importance. Spe Dispatch to The St NEW YORK, April 28.—The South in 60 vears has learned to compete with the modern world of industry on its own ground, says the National Bank of Commerce in New York in a survey of Southern progress since 1860, published in the May issue of Commerce Monthly. Continuing the bank says that in this time an entire soclal system has been made over and from an agricultural empire thexe has evolved a reglon of balanced develop ment. Cotton now serves both fac tory and farm. The industrial system has been cre- practically anew, differing in method, aim and scope from ante bel lum indust Manufacturing has overtaken and far outstripped cotton growing in financial fmportance. The cotton crop of 1860 almost equaled the value of all manufactured goods | at that time. Today the tables are turned. The total value of products of Southern industries in 1921 was al- most six times the value of the aver- age cotton crop from 1919 to 1923. RETURNS ON FARMS BIT LARGER IN 1924 Incomes About $400 Ahead of Three-Year Average, Re- port States. Special Dispatch to The Star. CHICAGO. April 28—Farmers in corn belt States will have a slightly increased income this year, compared with last, Northwest dairying States a little increase, cotton States about the same return, Western ranges a slight increase and the Pacific coast a big increase, according to O. E. Bradture, president of the American Farm Bureau Federation. Wheat farmers' income, he esti- mates, will be about $2,825 a farm, compared with a three-year average of $2,420. Pacific goast will earn $3,065 farmers, he thinks, a farm. o BUTTER LOWER TODAY. CHICAGO, April 28.—Butter—Low- er; creamery extras, 44; standards, 44; extra firsts, 42a43; firsts, 40%adl; sec- onds, 34a38% Eggs—Lower; receipts, 41,763 cases; firsts, 27;,ordinary firsts, 26; storage pack, extras, 291} firsts, COTTON CLOTH LOWER. NEW YORK, April 28 (Special).— Cotton goods markets showed a slight- ly easier tone today on light trading. Print cloths were quoted at 9% cents for 64x80s and 11% for 68x72s, the latter an eighth of a cent reduction. Raw silks were quiet and unchanged. STOCK DIVIDEND PENDING. NEW YORK, April 28.— Distribu- tion of a 33 1-3 per cent stock dividend to holders of ordinary shares of the Anglo-American Ofl Company, British operating branch of the Standard Oil, will be considered at meetings in London called for May 20 and June 5. American holders of share warrants will be privileged to vote by deposit- ing their warrants at least 14 days before the meeting. BOSTON STOCK MARKET. BOSTON, April 28.—Following is a list of today's highest, lowest and closing prices for the most active stocks dealt in here: Amoskeag Bingham Boston & Calu & Hecla ‘opper Range Eastern S S Edison Elec . Island Creek Libby, McN Mass ' Gas r Swift & Co ft Internat . ted Shoe Mach ' United Shoe Mach pi. Utah Metal Yentura_Oil ® RIS o B35EZNEE35E8 358, e Joree | this year SLK BRIGHT P01 INTEATLEFELD Goods Moving in Heavy Volume, While Mills Are Working Overtime. BY J. C. ROYLE. Special Dispatch to The Star. BOSTON, April 28.—The textile manufacturers of Amer no longer are creeping, like snails, unwillingly to school. They are making every effort to achieve economies both in manufacture and distribution of their products apd so widen their mar- gins of profit. They have found that merely raising the price to the con- ‘sumer has not produced that result. This is true of the Southern mills as well as those of New England. The mill executives are picking up every trick and bit of knowledge available to aid them to this end. No point is too small to be overlooked, from the method of breaking open bales of cotton, wool and silk to the shipping of the finished product. Through some new methods of per- forming the minor operations, one New England plant is sald to have saved enough inithe last half vear to cover 40 per cent of its dividend re- quirements. Special Textile Courses. The textile manufacturers’ group ot Philadelphia has arranged for a 26- week course in textile manufacture to be included in the curriculum of the evening high school in that city. It is specially designed to attract work- ers already engaged in the textile in- dustry and enable them not only to improve their own condition, but bet- {ter to understand their work and make suggestions of value. The course includes instruction in designing, dyeing, weaving and all branches of the business, even to retail selling of the finished product. Conditions in Industry. Conditlions in the textile industry are such as to lend strong encourage ment to the trend outlined above. Raw material prices give small indication of weakening. Cotton prices still are high from the manufacturers’ point of view. mate the size of the 1925 crop, but it { is being generally recognized that over | the long term a price much below 25 cents a pound will suffice to curtail | production until that level again is | reached. Wool prices still are high. Barly they rose to the highest level since 1920. They have dropped materfally since that time, the rece: slon in some grades being almost 1 per cent. But many manufacturers | contracted for thelr wool at the high levels, and even if there should be a further fall in prices for the raw staple it would scarcely be reflected in goods costs until the Spring fab- | rics of 1925 are put on the market. Silk Prices Are Steady. Ik prices have been fairly for some mon The pos !the raw material technically strong, but indications are th Japan wjll have another year of jheavy productic The prospect is | for tairly steady prices for some time {to come. This has enabled manuf; turers to price goods for Fall most attractively, and the response has been excellent. The silk goods in- {dustry is the bright spot of the tex- tile field. Finished goods are mov- ing in heavy volume. Some mills are | working overtime and demand for | Fall lines is strong. Styles Hurt Consumption. Style trends have been such as to |reduce cotton consumption. Where- as 20 years ago it took 10 yards of {cotton cloth for a dress, the average now is 313 vards. In woolens, fancy goods have been more popular than staple weaves, and this hastened to ward uncertainty of production. | Style has operated otherwise {silke, since the call for silk and ray fabrics has been strong and contin- |uous and shows no signs of abate- ment. “HOW TO INVEST YOUR MONEY” By Bayard Dominick, President the Better of New Yor | | Invention Delusions. The general public too often be- lieves that large profits are to be | gained through patented processes or {devices. Inventions are a fascinat- ing and usually an appealing means for separating inexperienced investors | from their savings. {_Such patents are frequently the basis for the organization of com. panies with large capitalization out of which the inventor may hope to make an _enormous fortune. He may hon- estly think his patent will bring real profits to the people who invest in the shares of the company formed to ex- ploit his device. Quite often the in- ventor is misled by enthusiasm for the creature of his own brain, and he may often be the victim and not the beneficlary of the activities of the blue sky promoters to whom he as- signs his patents. Even when practical from a mar- keting and manufacturing standpoint, patents are usually only moderately valuable. The small investor espe- clally cannot afford to take an “In- vention chance” with his funds. Clipping Coupons at7% OUSANDS of invest- ors who have clipped coupons from Smith adver- tisements are now clipping coupons from SmithBonds, 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 The F. H. Smith Co. Founded 1873 NoLots to Any Investor in 52 Years Smith Building, 815 Fifteenth St. THE F. H. SMITH COMPANY (1) Smith Building, Washington, D. C. Please send copy of m"un:i':lmw TUESDAY, APRIL 2§ It 18 too early as vet to esti- | 1925. GAIN OF $6,000,000 IN OIL COMPANY’S NET By the Associated Prees. NEW YORK, April 28.—Net earn- ings of the Standard Oil Company of California for 1924 reached $44,354,- 798, a gain of more than $6,000,000 over 1923, Net profits of $26,601,513 was equal to $2.82 a.share on the capital stock, against $24.4 39, or $2.62 the year before. Profit and loss surplus increased nearly $0,000,000 to_$73,366,66 T TN # Continental Trust Company B Capital E One Million Dollars ¢ 14th & H Streets FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President the eamning rate of our gilt-edge First Mortgage Notes | The rate of interest is con- sistent with Absolute Safety. The service we extend to our clients and our record of never hav had a loss a penny in either principal or inferest is adding daily to our list of in- vestors. Send for descriptive booklet. Notes Now on Hand In Amounts of $100.00 Up CHAS. D. SAGER Loan Department 924 14th St. N.W. Main 36, 37, 38 For Sale in Any Amount Security Carefully Selected 637 For Thirty-seven Years We Have Sold Without Loss to i an Investor. h| Wm. H. Saunders Co., Inc. 1433 K Street N.W Phone Main 1016-1017 | FINANCIAL. E3 21 Money to Loan Secured by first deed of trust on real estatc Prevailing interest and commission Joseph I. Weller | REAL ESTATE LOANS | 5}7(’ APARTMENT o0 oU HO! AEAR! RESIDENCE LOANS AT LOW RATES FRED T. NESBIT | INVESTMENT BLDG. Main 9392 ANY A WANTED PROFITABLE | CONVENIENT 1 are the investments we offer—secured by First Mortgages on Improved |l Property in Washington. SAFE—Because they repre- Il sent double the value of the (il first mortgage offered. PROFITABLE—Because the terset yield is more liberal than upon other equally high- class investments . CONVENIENT—Becdause interest checks are mailed by H us when due; because we can arrange for partial payments, and because notes are issued in denominations of $100 and upwards. Ask for literature—no cost and no obligation. Mortgage Investment Dept. SHANNON_& TUCHS) 713 & 715 14th St. N.W. Main 2345 N Total D TRUST COMP AMERICAN SECURIT Capital, Surplus and Undivided Profits Central—7th and Mass. Ave. rtheast—Sth and H Sts. N.E. 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 t 2 Washington Investments and i Transactions Co. Inc. 713-15 14th St. N.W. Main 3662 Northern Ohio Traction and Light Company successful and o] does @ highly growlng ligh em of ruilway lines rtant Industrial aes Grons and huted by elec. Tric light and power departmen over seven times those of 1914. We mmend the General and Ref. Mtge. 69 bonds Due 1947 Yield about 6,29{/"0 The National City Company Washington—741 15th St. N.W, You Are Fully Informed CLIENTS who purchase First Mortgage Notes from this organization invariably comment on the thoroughness with which the Manager of our Loan Department explains all details pertaining to those Notes, the security back of them, the method of handling, etc., etc. This care to have each trans- action fully understood by all concerned is one of the reasons why our clients place such confidence in BOSS AND PHELPS Established 1907 Main 9300 BB GBS AU iz K Street NW “HOME OF HOME: © FOR SALE Second Commercial Zone Near 24th and M Sts. N.W. 21,000 Square Feet Price on Application E. E. FARREN 1723 Penna. Ave. Main 2322 ] MONEY TO LOAN FIRST MORTGAGES AT CURRENT RATES OF INTEREST ON Rinctalt H Hogran ¥ G Why Noi Appoint My Wife as Executor Under My Will? Such a responsibility is too heavy 1 most women. It requires skill in making in- vestments and may invite discussion on her part with those not qualified to give the best counsel. It might open the way to ill-con- sidered action in turning your estate into cash and investing proceeds. Consult in confidence the officers of our trust department. ° 15th and Penna. Ave. Ower $6,000,000 BRANCHES: NW Southwest—7th and E Sts. Northwest—1140 15th St. Resources Over Thirty-Five Million