Evening Star Newspaper, May 14, 1925, Page 29

FINA NCIAL. NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNAN. NEW YORK., May 14.—Oil shares became increasingly prominent in the operations on the curb exchange to- day. ‘Traders were being 4nfluenced by the highly favorable statistics on the ofl situation and by the fact that although the weekly production fig- ures continue to show increases, con- sumption is running at a record pace. Humble was the favorite of the Stand- ard group. Sharp advances also occurred in public utilities, but othér parts of the list were subjected to hea profit- “ollowing is and stocls Am Fow' Li ‘6 19 Am P& L 65 new 1 Am Rolt Mill Go 0 Ai Na n 14 s E s S OFFF T ICPPPRON 1 c52acow ulf 0 int Ban &8s A IR FOREIGN BONDS. 2City Bogota 8s 3 Webster 17 Toho Bt Pw ¢ Sales STANDARD OIL ISSUES in umts $100 Anclo_Am Ou 300 Atl Lobos 900 Imp. O of Can 10d P L S 0 Ol 201 430 Vacuum O 8810 8ales INDEPENDENT OIL STOCKS. in hundreds o o0 Am Maracaibo Co Tk Gas .. xc‘;n-ru\v fontinental - t § U central 011 30 Yenezueian Pet 2 Wileox O & G INDUSTRIALS. 207 Adirondack Pow Adirond Pow pfd 1¢ taking. Northern Ohio Power crossed 11 and Adirondack Power made a new high above 82 on favorable reports of operations - during April. Common- wealth gained another 5 points at 136 and the upward movement. kept on in Southeastern Power, up over 3 points, and in Lehigh and Electric Bond and Share. The sudden demand for copper shares on the Stock Exchange com- municated itself to the curb market. Some selling took place in the new | American Ravon, but the loss was | fractional. 0 Con CanBal new ont Baking A.. 1 155 Cont Raking B 4 Cont Baking bl 3 Ini 1 Intern Util B 1 Jones Radio & Kelvinator, C 4 Keyato, Solsther. 4 Kraft Chesse. ... 13 Pow Corp of 3 Pow Secur Cor 'y Bitts Plae Glase Pratt & Lamb i Prophyla- 2 Puet Sd P Ty PRk S e B St I3 S i Sz 0 1Yel Taxi Cor NY. MINING 20 Ariz._Glohe Cop. . AR ome_ V_De: 215 Kae " Eonper: Cor 4 Kerr Lake... . 20 Lone Star. 59 Nauonal Tin E2% S a0 LipEmad T BB 8258 s e @ SCos vt 70" Wi Knob METAL MARKET PRICES. NEW YORK, May 14.- Copper steady; electrolytic, spot and futures, 13% asked. Tin firm: spot and near- by, 54 futures, 54.25. Iron stead: prices unchanged. Lead steady: spot. 7.90. Zinc steady ast St. Louis, spot and futures, 6.92. Antimony, spot, 18.00. e et Iron rust on marble can be re- moved by rubbing. with lemon. juice. THE EVENING PRICES .DO BETTER IN COTTON MARKET Good Demand in Liverpool Helps Quotations—Some Gains Fail - to Hold Up. By the Associated Prees. NEW YORK, May 14.—The cotton market opened firm today at an ad- vance of 15 to 38 points, July Mllin‘ up to 22.12 and October to,22.08 in response to relatively steady Liver- pool cables and reports that the lower level of prices was bringing in a lit- tle_more inquiry from spinners. The weather outlook, however, was considered very favorable, owing to prospects for clear skies in the West- ern helt and further showers east of the river, and the advance was soon checked by realizing on a.renewal of Iocdl Western and Southern. selling. York cotton futures clossd steady at net advances 0F 10 1026 naA ts. 29 5 2.00; Deceriavey. 22.15. New flrlnnl Quouuom, NEW ORLEANS, May 14—The cotton market had a-quiet but very steady opening. In sympathy with much higher Liverpool cables than expected, first trades showed gains of 16 to 22 points and May opened 30 points higher. Spot sales at Liverpool have been increased to 9,000 bales, indicating a good demand for the actual product in_the foreign market. i = Kew Orieans atton” futures ciosed sieady at net advances of 20 to 27 points. High. Low. Ramga AW SN o (Quotations furnished by W.B. Hibba & Co.) Nominal - Selling checke London. Warsaw. zloty. Copenhagen, crown Christiania,” crown. . . Stockholm.’ crown. NBW YORK EGG PRICES. W YORK, 14.—Eggs—Ir- regular; receipts : fresh- gathered. . secor Pacific coast whites, ex; What Experts Buy. Trained investors always buy se- curities that have a substantial loan value. One of the surest methods of determining the value of any stock 1< to seek a loan on it. If your banker declines to consider it as collatergl you can rest assured ita marketability does not amount to much. Money to Loan Secured by first des! of trust on real estate; Prevailing interest and: commission Joseph L. Weller 420 wun L8 Tl Blds.. ar NW. SECOND TRUST NOTES PURCHASED AT CURRENT RATES—PROMPT * ACTION UNION FINANCE CO. 1410 H St. N.W. WANTED Second Trust Notes This company has' funds avaiiable for the purchase of all kinds of second trust notes, secured on real estate in or close to D.C Prompt Service Elyashington lnvestmentS and Transactions Co. 713-15 14th St. N.W. Main 3662 O==n STAR, WASHINGTON, D. C, FIRST MORTGAGE NOTES FOR SALE ] _IN DENOMINATIONS OF 500 DOLLARS AND UPWARDS Randall H Hapner ¥ G Are Your Savings Working IDLE funds are a deplorable waste. You are entitled to a certain income from the money you have saved, and you can obtain it from good First Mort- gage Notes without sacrificing the safety of principal that is so vital. Consult our Loan Department today! Convenient Amounts Current Interest Rates BOSS Ao PHELPS Established 1907 Home of Homes Wiy K Street NW Main 9300 ' HOME OF HOMES A WISE CIRCUS MAN Barnum, father of the modern magnificent three-ring circus, was wise when he remarked that “there’s one born every fminute.” Authorities estimate that unwise investments cost Americans over a half billion dollars in 1923. Take heed and resolve to stick to the “sure thing” in your investing—that is, to FIRST MORTGAGE NOTES On Improved Real Estate in the District of Columbia We have them at the Highest Rates of Interest to be secured. Drop in today and consult eur INVESTMENT DEPT. HANNON & LUCHY) 713-15 14th St. N.W. MAIN 2345 Insurancc OECCS For Rent We have a suite of rooms that are espec- tally adaptable for an insurance office.. They are on the front of the building. Saul Bufldin¢ 925 15th St, NW. Elevator—Modern Equipment Reasonable Rental B. F. SAUL CO. 925 15th St. NW. THURSDAY, MAY 14, 192 FEDERAL-AMERICAN RESOURCES, $14,000,000 g £ = B = = £ = £ = Can Secure P LOANS ln THREE DAYS NATIONAL BANK 1315 F Street 40HN POOLE, President FOR INVESTORS MORTGAGE NOTES IN CONVENIENT DENOMINATIONS ON IMPROVED PROPERTY in DISTRICT v COLUMBIA H. L. RUST COMPANY 912 15th Street Main 6888 HOME OWNERS FINANCIAL. REAL ESTATE. l:OANSV: 5 AN ANouNT | FRED T. NFjBIT INVESTMENT BLDG. Main 9392 i [Ifi Bymbel WE MUST HAVE Immediately Guaranteed Investments to offer our clients In this connection, we in- vite applications for First Mortgage Loans on Dis. trict of Columbia and nearby Maryland proper. ties which are improved. An immediate and satisfactory service will be given all applications. T 00000 National Metropolitan Bank Capital, Surplus and Undivided Profits Owver $1,800,000.00 15th St. Opposite U. S. Treasury—111 Years Old OLDEST NATIONAL BANK IN THE DISTRICT OF COLUMBIA demonstrated capacity give the maximum service and security. fOur facilities are second to none—our experience represents the refinement of over a century’s con- banking tact with local requirements. George W. White, President O. H. P. Johnson, Vice President Frederick DeC. Faust, Trust Officer R. P. Hollingsworth, Asst. Trust Officer e e Serv1ce and Security {{Our bid for your bank- ing business is based on Our Trust De- partment executes Voluntary and Testamen tary trusts with maxi- mum efficiency. Trust officers available for con- ference every business day. to in W €. F. Jacobsen, Cashier Chas. E. Bright, Albert H. Bedford, Asst. €. Louis Eckloff, Asst. Cashier Gales Moore, Auditor Asst. Cashier Cashier OPEN UNTIL 5:30 P.M; TOMORROW. 3% Paid on Savings One Dollar or more will start a Savings Account RIHHHIIIIIIIIMIIH}IMNIIlIIIllllIIIIIHIIIHIMIWIHHHHI‘IIIIllllllllllllmllllmllllillllIIIIIIlIHHllllMHIHlliHIllIl'fllllHllII!IIHIlHIHHflIIIHIHIII!IIHIHHHHHIHHfllmlllfi—_: Shares Profit With Its Depositors Opens - May and untilt 5 p.m. 15th Saturday ntral Savings Bank Phone Main 9299 710 Fourteenth Street, Between New York Ave. and G St CAPITAL, $250,000.00 Main 2100 Under Government Supervision Capital and Surplus, $2,000,000.00 Give Your Bank Account Priority How much of your Pay Check finds its way into bank Every Payday? How reg‘ularly you save foretells with unerring certainty how yo_u'll fare in the world. Give your “nest-egg” priority. SAVE FIRST and then spend. {This old bank is serving i} thousands of thrifty people, fl and is increasing its facili- ties for further service. ¥ Deposits: of any size invited Py} —Same Rate of Interest Paid on large’and small accounts. ’ Haven't you wanted to share in the profits of a successful bank? Haven't you felt many times that you should have something more than 39 interest on your savings account? This bank is offering you an opportunity to share in banking profits and also to get more than 3% on your uvings deposits. ‘We guarantee our depositors 3% on their savings or as much as any other well managed bank in Washington pays. Then after payment to stockholders of 6% of the amount they put into the business or 67 on their capital and surplus, a modest sum is set aside or added to the surplus, in accord with the customs of well regulated banks. Our policy is then to divide profits equally with depositors. 56 Years 100% Safe O matter what' attractive feature: a security may have—nothing is more important than safety. It is safety of principal that makes your money grow steadily and multiply with certainty. _————I 7 Reasons for Buying | 7% Smith Bonds 1. Strong first mortgage security. 2. Protected by time tested safeguards. 3. Liberalinterestreturn 7%. 4. Denominations: $100, $500, $1,000. 5. Maturities: 2 to 15 years. 6. Convenient Investment Savings Plan. 7. No loss to any investor in 52 years. The Central Savings Bank does not accept checking accounts, but Is purely a savings institution without the heavy operating expense incidental to commer- cial banks. We are, therefore, confident that we shall be able to distribute an in- creased rate of interest equal to or more than the 4 paid in New York, New England, Maryland and many other States. In this policy as outlined there is little new, but it is not applied in other banking institutions in Washington. It is to be a bank for thrifty savers, a home-builders’ bank and a bank for Government employes and wage earners generally, It is intended that loans shall be made on real estate and on collateral, together with investments in highsgrade bonds, all of the very best security. Many of you know the President of this bank, Francis M. Savage, as having been President of the successful Northwest Savings Bank. and will recognize in the Directory of the Central Savings Bank friends of enviable reputation. As increased deposits bring increased earnings, assuring a greater, rate of interest to depositors, we feel we can ask . your active assistance through self- interest as well as friendship. Choose time-tested First Mortgages of- fered by this company. They possess an unusual record for 100% safety, For 56 years every client of Swartzell,- Rheem & Hensey .Company has enjoyed the fruits of this safety, secure.in the knowledge that hjs investments were being guarded by ex- perience and conservatism.. Over 45,000 Depositors Open Until 5:30 P.M. TOMORROW I{ your i_nvcstmmts in the past have not _been 100% safe, is it not time to make . 6%4% shingion.DC. 56 Years Without Loss to An Investor DIRECTORS: Willlam D. Hoover Rerinald'S. Huidekoper Victor Kauffmann Charles Minshall Edmund D. Rheem Fraok Stetson Frank W. Stone William H. Walker Henry K. Willard Woodbury Blair James A, Buchanan Wm. A, H. Church ‘Walter C. Clephane H. Rozier Dulany, ir. Wm. E. Edmonston Franklin H. Eilis Frederick A. Feaning . H. Prescott Gatley Mail the coupon for our bookiet ““Fifty-two years of Proven Safety’” RN TheF. H. Smith Co. Founded 1873 NoLoss to Awy Investor in 52 Yeare Smith Building, 815 Fifteenth St. r{mx St hon ’nu- c bhorn, Borcival Wiisos, Seeetary gr-nl R Cimer” Asst; Treas: David izomc Pisut .Ynhn " Calvert, Asst. Treas: Hiles Pardos: Aset. Treas, ith, Aust, Seey. Secy! Bof Asst. Wby AR Eavage Audiior. Natlonal Savings & Trust Co. Oldest Savings Depository in Washmgtbn x Cor. 15! 3 New York Ave. OFFICERS AND DIRECTORS: Francis M. Savage, President. Charles W. Morris, Vice President. Dr, Uregg C. Birdsall, Treasurer. Franklin F. Kidd, Vice President and Cashier. Howard C. Rand, ‘Assistant Cashier. Dr. Carden F. Warner. Armando di Girolamo, Associate Teller. Judge George H. Macdonald, M.nqy to Loan on Real Estate; Steamship Agency; Travelers Checks; Insurance Written Dion S, Birney, Attorney. B. H. Gruver. Judge Milton Strasburger. THE F. H. SMITH COMPANY 1 [} Jesse H. Hedges, Smith Building, Washingten, D. C. Please ¢»nd me a copy of booklet, Fifty-two Years of Proven Sefety.” Name . Address