Evening Star Newspaper, June 6, 1925, Page 25

FINANCIAL THE EVENING SATURDAY, JUNE 6 lojc——=]alc——=|g] STAR, WASHINGTON, D. C. 1925 Money to Loan PEACHES SELLING AT RAPD RATE Watermelons Cheaper; Good Cantaloupe Demand; Meat Prices Unchanged. Light strawly receipts of home.grown s are supplying light de mands. The berry crop in the South is about played out, it is stated, the few remainir s being too soft to ship. Pric m 15 to 25 cents supplies of dewberri ceived from North fruit being scarce and od condition, except the cultivated ones. Continued dry weather T ffect the local crop and keep pric hizh Moderate supplies of peaches North Carolina find ready ceipts of top stock are so 1i the market continues firm Watermelon Cheaper. Only light supplies of watermelons from Florida are being received. Re ceipts have materially increased, how ever, and lower Tom Watsons, pound brought around $1, smaller selling as low as 50 cents. There is 2 loupes, the anough to up on good fruit from California, favorite variety at this season ready sale at fancy pr Buying was not particularly brisk this morning. due partly to the exce sive heat. and prices were the same the close yesterday Today's Wholesale Prices. Rutter—¥ tub, 61 store packed, nearby not in such rolina, rom Re. ht that od deman demand keep the ned ste erial Valley said to be the finds canta great prints Poultry white, leghe 2 Kkeats, 40: turk, turkeys, 2843 Live stock dlum. 10a11; lean 13%a14. Live hog ats—Beef. hogs, 2 28; shoulde; heavy fowls, 12 duc dressed fowls, . choice, 10%: me Lambs, Spring ruit and Vegetable Review. ¥'s market report on fruits and bies (compiled by the Market Service Bureau of Agricultural »mics) said antaloupes- good. market fi Valley, jumbos 36 standards 36s, jumbo flats & standards 36s and 6.00 Cucumbers—Suppli ht; demand lizht, market steady: Virginia, Norfolk section. hotbed stock, bushel hampers, few sales, 5.00 Onions—Supplies light: demand i ited, market firm; new stock standard crates, Yellow U. S. No. 1, 4.25a4.50; old stock approximately 100-pound sacks, lows, mostly 6.50 Peacnes—Supplies good. market firm Gs. Alexanders 5.00 Potatoes— Old_stock 0o sales reported. New stock, supplies moder: iand_moderate, market slightly iker. North Carolina and Virginia, Norfolk section, cloth-top slave | 1s, Irish Cobblers, U 1, 4.7 few inferior Tomatoes—Supplies mod mand good. market stronger; sippi ripes and turni No. 1, 2.00: Watermelons . demand zood. sales: Florida, Tom W . 26db, average, some spotted, 500.00: 20.Ib. average, 450.00; 32.1b. averaze: 300.00a 250.00 String beans—Supplie: ht, market ve demand Imperial . .00 ) rida Tints, ht Californ! almon T Salmon Tints, : 12s, 3.00. 45s, Salmon light w Supplies market stead moderate. 1ot liberal; de. weak: North 2 4 Am Rayon Prod.. 5 peci berries—Supplies mc mand good, market steady -quart crates, 4.5 0; few poor condi te 110 .00, mostly on, low us Squash—Supplies moder lina, BALTIMORE L.IVE STOCK MORE ACTIVE IN MAY Special Dispatch to The Star BALTIMORE. June Improve ments in receipts and shipments of live stock are reflecied in the of the T'njo: g more for N with Max 24 oeipts of sheep, mules. decreases tle and hogs ed light; te, market steady shel crates, white, demand North Caro- 00 bu Stock Yard Co. of Balti Gains were shown in horses noted re and in cat- calves ing with April receipts showed increa. of sheep hogs, calves and mules and shipments showed gains in catile, sheep, calves and my BUTTER BIT LOWER DURING WEEK’S TRADING CHICAGO, June 6 (P).--Through out most of the week the butter mar- kets maintained a steady to firm posi tion ntiment was for the most part in favor of low values, as dealers gen- erally felt that prices were too high but attempts to force the market to Jower levels were met with sufficient buying demand prevent any de- cided decline, and held the price level to half cent hizher at the principal markets With the reports of early in the week throu; ducing ions, some bearishness developed and tk markets at New York and Chicago were momen- tarily easier, but this feeling soon changed and more confidence was ex pressed with a steady to firm market prevailing last, May heavy rains hout the pro- EXTRA DIVIDEND VOTED. NEW YORK 6 ). tain Producers’ sration clared an extra a share and t dishursement of 20 cents payable July 1 to stock of record June 15. In three previous quarters 25 cents extra was paid June Cor Moun- has de- ) cents quarterly GERMAN BONDS AND STOCKS. (Quoted in dollars ver million marks.) Bid Asked. 0,00 950.00 Famh s 150100 17500 Ger Gt 4-5e {forced Toani 10.50 14.50 (Quoted in " dollars ver thousand mark Ger Gen Elae 3155 nre S0 T Ger Gen Elec 4755 11 200 Rerif 45 pre.war 10.00 Hant 3s. 31ss & 45 prew 375 Hamburz Amer Line 4153 North German Liovd 413 North Linva Prussi 16 358 Krupn 5a 107 Dusseldorf 3 pre war Frankfort a-M 4s pre-war Ger Gt (wn) 58 1014-18 0 Munich 4 pre-war Badiache Anilin AEG (Ger Ge Commerz and Privat Disconto Gellschaft Dresdner Bank Deutsche Bank Darmataedier Hank Mercur Bank Vinna 9.00 150 Query the Promoter. Determine how muen of his own money the promoter is putting into his scheme before you decide to risk yours. Don't take his word for it— make him prove it s are being re- | report | compared | NEW YORK CURB MARKET BY WILLIAM F. HEFFERMAN. NEW YORK, June 6.—Ofl shares came to the front in the closing ses- sion of the week, while other parts of the list were active and strong throuzhout the two-hour trading. Oper- ations for the rise in the oils were stimulated by the 23-cent advance in Pennsylvania crade, which was taken as a forerunner to a general advance throughout the country. At the same jtime it announced that the Standard of Nebraska had advanced gasoline quotations 2% cents a gal- lon in Omaha NEW YORK, June 6.—Following | is ‘an official list of bonds and stocks |traded in on the New York Curb Market today | Sales in thousands 10°Am ¢ S0 Am Tee 78 : Am Pow & Li'ds Am P& L tis new 1 Am Sumat T 7i5s.. 7 Am Roll Mill'6s.. Los . Close. 15 Ameo 5 & e wi |10 A S8 me [ ORAVE e WIR A | | 5 ot | o= ery Mehan C 6138 Balt ds D s Tex B ahy 5lyw nlop T 4 931y { 3 035 | P §108104 | B 5 R 10 Nor S P M G348 C116% | 7Y Ohio Power 58 B.. 9 | . 1Phila Rapid Tr 6s | 15 Pure 0il Co_63s. 102 | 71 Shawsheen 7s 1013 wift & Co B 9613 ranscont Ol { 101 practically | market | 1S Rub_63ar 40 9813 Vebster Mill 618 9813 FOREIGN BON Alpine Mo S 7s City Graz 8s 21 Esi R R France 7s h Nat 7 .. 4 Krupp Fried L 7a % 5 w03 "0y STANDARD OIL ISSUES 24 23% 61 61 80 B8N ts. 300 Anglo Am Oil 50 Buckeye P L ) Chesehr M(g 00 Humble Ol & R K0T P I | 8700 Imp O | 14 5 359 00% OIL STOC 3 Am Maracaino. 5 Am Con Oil Flds 4 Carih Syndicate Cities Serv new Cities Service pi. Cities Serv B cfs Columbian Synd Contin Oil. vt Creole Synd i Crown © Pet wi 6 Derby O & R pfd oo SR aom FREREET 2 18 59 1 Glen Rock Gult Ol 34 Lago Pet.. Vingston Pet ount Prod ount Guit ew Bradiord O Royal Can O & R 10 Ryan Con Sait Ck Cons 8 Salt Ck Prod 20 Sun_ Ol wi 5Ti W O Cnew wi 1 Veneruel nodley Pet ol INDUSTRIALS | 8adirond Pow .. GAm Gas & EI | 4Am L% Trac { 1Am L & Trac pid 100 25 Am Pow & L new 801, 14m Pow & L'pid 80} 1Am Superp A 9Am Superp B Anso 5 Bor & C rta’ 3 Bridgeport Mach Received by Private Wire Direct to The Star Office Improvement in Standard Oils ranged from a half point, with buy- ing reaching large proportions. Humble, Standerd of Indiana and New York and Imperial of Canada were favorites, while others of the group came in for their share of im- provement., Standard of Nebraska rose from 241 to 232 before the rise |was checked. 3 | “The spectacular advance in Pathe Exchange class A kept on, carrying |the price to w new high record around 81 » | 2 Brooklyn Cit RR 8 1 Can Dry Gin A A 122 10 Car Likht.... 3 P& B Chatterton & Son C MISLP VC pf w Chrysler Mot w 18 Cleveland Auto 3 Com Power Corp. 1 1 Com Pow Cor pf om Pow C n wi m Pw Cor wts 130 Cast 17% & R. 15 RERC it Shpi104% B & Sh n co Invest I reka Vacu €. 1Fed Metals.. 0 Doehler Die C Lud Cor R & M vic Mengel Box Mid Weat Util WU rts Pub Ser A wi PEATE Pathe Exe Ing Fow Corp of Purity Baking 3 Reo Motor Rosenbaum Grpf 486 0'C & Inew... .08 tutz Motar R 561m Lt & Pow A 8 TP & LU A, 2 Universal Picture Western P ekt Pr e F e Globs Cop. ario Copper.. no Ext Mines 0 Crown Reserv: 30 First Th G A r Goldfid M wihorne M 1 2 Kay Copper Cor. X Ohio Copper Parm Por M Lid Spearhead Gold. 10 Tono Min 18 Ttah Apex o8 33 . BOSTON STOCK MARKET. BOSTON, June 6.—Following is a list of today’s highest, lowest and clos- ing prices for the most active stocks dealt in here: Amoskeag Arizona Com | Boston & Maine | Calu & Hecla Gonnor § T . opper Range Edison Elac Hard Island Creek | New Cornelia New Eng T & T Dominion Shoe Mach Un Shoe Mach pfd Walworth COAL OU REMAINS IN EXCESS OF DEMAND Special Dispateh to The Star BALTIMORE, June 6.—Demand for soft coal is slowly Increasing, accord ing to Baltimore operators, but they add that improvement thus far Is nothing to get excited over. Prices are still low, and operatc see no si of an advance in the near future. Closing down of operations in many union flelds has na; helped the situation except to curtail pro- duction. Output is still in excess demand Investment Issues Strong; Other Stocks Drop During W eek |Steels and Coppers Are Under Pressure. Treasury Bonds Establish New High ’ Marks—Money Still Low. BY STUART P. WE: Special Dispatch to The § SW YORK, June 6.—1In the Wall | street operations of the last week | there was a sharp divergence between l(lw investment side and the specula- | tive side. Investment securities were Inclined to work higher, United | States Treasury issues established { new highs | Liverty bonds either equaled or came close to the top figures reached | during the period of abnormally low | money, rates in the Summer of 1924. | Corporate honds of the first rank were correspondingly strong, and a | general advance occurred in invest- { ment stocks, particularly the pre- | ferred shares of the better class of in- | dustrials. All this was a reflection of easy money conditions and of the expec- tation that they would continue. This has its favorable aspect in the sense that it is & good thing for financial and commercial enterprises to be as- sured of an abundant credit supply | available on low terms. It has an- | other aspect which 18 not as favor- able, in that calculations regarding the maintenance of cheap money in- volve the supposition that there is not zoing to be any increase in trade activity such as would absorb the money surplus, Speculative Stocks Lower. The speculative movement in recent years has not been sensitive one way |or another to the fluctuations in the | money market. On the one hand the knowledge that there are enormous credit resources centered in the Fed. ral reserve banks is a supporting fac tor. But.on the other hand is the realization that values of speculative stocks depend primarily not upon {cheap money, but upon individual business conditions. | The speculative end of the stock | market has gone lower for the most part during the week. This has been due not to disappointment over the outside trade news, which, on the whole, has been better. Chiefly it has been in the nature of a readjust- ment after a fortnight or so of some- what excessive operations for the rise in various quarters, particularly in the public utllity shares and in some of the motors. The steels have gone down notwith- standing the evidence, which seems to be reasonably clear, that prices have steadied and that iron and steel pro- duction, which receded sharply from the beginning of March to the end of April, has been stabilized. The reason or the selling of the steels is. thate with reduced output and a compara- , tively narrow profit margin, second quarter earnings are expected to turn out unsatisfactory. Gopper Market Disappointing. The copper share market has done the same thing it has repeatedly done on various occasions during the last few years. There has been a brief period of hope that, with the measures taken to restrict home production and with the prospective improvement in the forelgn buying power, prices for the copper metal would get back to a more profitable basis. These anticl- pations, so far, have not been real ized, and the eopper shares have lost again what little ground they gained. Toward the close of the week oil stocks became more prominent and showed to better advantage than they have in some time. Exact statistics as to output and consumption are not available, But the most reliable indi- cations are that while production has not varied much from week to week, demand has been expanding, and con. sequently that stocks of both crude and gasoline have been coming down, The higher prices of the Spring, in view of this, seem likely to hold, and the oil companies are promised sub- stantially larger earnings, with the possibilliy of here and there dividend resumption and dividend increase. Weather Boosts Grain. The renewed advance in the grain markets would be accounted a favor- able incident it it were the result of an increasing demand. This, how- ever, is not the case. The rise has been due to adverse weather condi- tions and to the expectation that the Government report, out on Tuesday, will make a poor showing. The bureau figures on cotton creat- ed only a momentary stir. Then the market sank back into the same apa- thetic state that it has been in for the last six months. The estimates were for another large crop, one which would exceed that of a year ago. But reckonings made as early as June are never trustworthy. There is the danger of bad weather and the danger of the insect pest, and it has happened often in the past that high calculations made at this season have been demolished later on. The position in the cotton goods trade continues unfavorable, and this, with the outlook for another good- sized yleld, would ordinarily point to lower prices. But the cotton market has so far stood up because of the re. membrance of the severe damage done between June and October in other years. (Copyright. 19262 'BANKS SHOW LARGE | | Baltimore Institutions Holding| { during { money hs |arising from the sale at the high prices | now prevailing. CHICAGO LIVE STOCK MARKET | Receipts, 5,000: uneven: steady to 10 | week-ago, fed steers g | kinds und EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. Dollar Bonds and Sterling Bonds. One important change has come about in the fleld of forelgn invest- ment with the return to par of the British pound sterling. This change is the elimination of the speculative factor In bonds payable principal and Interest in British currency. There are, of course, many of this kind of bonds and some of them have been widely distributed in this country. They are not only obligations of the Britlsh government or of British cor- porations, but issues put out by other forelgn countries and originally mar- keted in London. Kor many vears South and Central American nations did the bulk of their financing in Great Britain, =o their loans were ex. pressed in British money When sterling exchange was below par there was a good deal of specula- tive buying of these bonds by Amer. icans because they were investing not in the credit of the borrower but were speculating in exchange. opportunity is now passed, und any one who buys a sterling bond has only to consider its investment merit. There may be instances where the sterling bond is more attractive than the corresponding dollar issue, but hese cases are very exceptional. For 1l practical purposes it i& now ad- visable to confine one's self to dollar bonds for one reason if no other than that the market on this side for the dollar Issue is generally better thin for the sterling description. Nor i ny investor complain that there v lack of varlety in dollar issues, now include all grades from the most conservative investments 10 those highly speculative. It is an interesting fact also that when an issue has been marketed for a foreign government either in London or New York the rule is it brings a higher price abroad U it does here in this country. The reason for this is that British in vestors have been educated to buy foreign securities, while on this side only a beginning has been made in this direction. The United States is now the great credit reservoir of the world, and foreign borrowers come here now just as before the war they went to London. The time is soon coming, therefore, when the dollar bonds will command as high a price as does the sterling issue. Mean while all the advantage to the buver is in taking the dollar issue. (Copyright. 1 HALF-YEAR RETURNS Bonds Which Have Risen Rapidly in Value. Special Dispatch to The Star BALTIMORE, June 6.—Local banks, speaking zenerally, will show sub- stantial profits for the first six months of the current calendar year. Although it is doubtful if money con- ditions in Baltimore have been as eas: the last six months as they have been at a number of other points, been plentiful nevertheless, A number of the banks have made neat profits through the rise in the value of bonds which they are hold- ing. Lack of opportunity to reinvest funds on u busis of glving good returns has deterred many banks from selling their holdings, however, the interest rate on their securities being more at- tractive in the long run than the profit CHICAGO, June & (United States Department of Agriculture).—Hogs— lower, quality considered; many sales unchanged. ' Underwelght dull, 15 to 25 lower: bulk, 225 to 325 pound butch- 12.10a12.30; top, K. 0 pound kind, 11. pound weight, 1125211.50; ing sows, 10.75a11.15; strong weight slaughter pigs mostly 11.00 down: shippers, 1,000 head; estimated oldover, 6,000 head: heavyweight hogs, 12.00412.35; medium, 12.00a12.35; light, 11.50a12.25; light light, 10.50a 12.00; packing hogs, smooth, 10.80a 11.25; packing hogs, rough, 10.60a10.90; slaughter pigs, 10.25a11.25. Cattle—Receipts, 500 head; compared ling medium and better, 25 to 35 higher; common grassy kinds. steady to strong: finished steers showing most advance: extreme top heavies, 11.60; numerous loads, 11.00a11.50; highly finished year- lings, 12.00; mixed steers and heifers in load lot upward to 11.65: very lib. eral supply of all weights above 11.00 9 showing grass; stock ers und feedes wealk to 25 lower: sup- and demand very limited grades fat cows and heifers 25 to 40 higher: spots up more. lower grades canners and cutters and bulls 15 to 25 lower; vealers, 50 to 75 lower. Week's bulk prices follow: Beef steers, 9.00a 11.15: fat cows, 5.00a7.50; heifers, 7.35 29.50; canners and cutters, 3.0084.15; veal cal 0a11.00; stockers and feeders Sheep—Receipts, week, approximately rect and 77 cars practically all of today’s receipts di- rect; compared week ago, fat lamb 1.00a1.50 lower; culls, 3.00a3.50 lowe vearling wethers, 75 to 1.00 lowel spots, more; fat sheep, 1.50a2.50 lowe: heavy kind showing most decline; feed- ing lambs scarce; steady; top for week, native lambs, 16.50; westerns, 16.2! vearlings, 14.00. Bulk prices follo Western 'lambs, 15.00a16.15; natives, 15.00216.00; culls, 10.00a12.00; vear- ling wethers, a13.75; fat ewes, 5.5026.50; feeding lambs, 13.50a13.65. RAIL COSTS REDUCED. Good rallroad management has greatly reduced operating expenses during the past five years. The op- erating expenses of class 1 railroads have been as follows: 1920, $5,828,000,- 000; 1923, $4,895,000,000; 1924, $4,509,- 000,000. 4,000 head; COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY NEW ORLEANS, June 6.-The Celotex Co. which makes wall board from bagasse, the refuge of sugar cane, has doubled the capacity of its mill ‘and now is turning out 700,000 square feet of board every day. DENVER, June 6.—The acreage planted to mountain lettuce in Colo- rado this year totals 9,927 as com- pared with 5,200 acres last vear. About 1,500 acres planted to pod peas and 900 acres to caulifiow PHILADELPHIA, June 6.—Hosiery manufacturers have received large orders recently, specially for full fashioned grades in white. EL CENTRO, Calif., June 6.—About 1,600 carloads of cantaloupes have been shipped from the Imperial Valley in the last ten da ATLANTA, June 6.—Paper making in the South has a great future ac- cording to R. B. Pegram, vice presi- dent of the Southern Railway. “Mills well | better | CLOTH SALES JUMP | ALL OVER COUNTRY i Sewing Machines Hum as Women Again Turn to Making Own Dresses. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, June 6.—The whir of the sewing machine is heard again in the land. Women have again begun to make their own dresses after a| period when that practice had fallen into partial disuse. This is shown by | the improvement in piece goods sales in dry goods and department stores in all sections of the country. The chief executive of one company, which maintains stores in a half dozen clities from New York to the Missis- sippi River, declared to the writer to- day that the plece goods business was one of the saving fentures of the dry zoods situation. = Volume of buying, he added, had fallen off to some ex- tent, although not to an alarming de- gree, and the demand had turned largely to the less expensive brands of merchandise. Sales Far Above Average. It is a matter of record that piece goods sales had dropped to approxi- mately half what they were 10 years agO. Women turned to the ready-to wear lines, and the old custom of em-| ploying a seamstress or making on i own clothes was abandoned to degree. The present styles, i have made it possible for women tc construct dresses quickly and easily and piece goods sales now are run-| ning at & much higher rate than the | 10-year average. | roduction of goods of 56-inch width | gave impetus to the movement. Frac tically all that is necessary to con- struct a simple yet stylish Summer | frock from such goods now is two long seams, and the 56-inch wash and print- | ed silks are being sold in large quan titfes. New Problem Looms. This may necessitate a change in| the style of production. Such goods heretofore have been woven in 10-yard lengths, but these will not cut eco- nomically. It requires about a yard and a half of the wide goods or three vards of the narrow widths to make a dress, and that is all women are buy Ing. This trend was strikingly shown | at a recent remnant sale held by a hig | New York department store. The | vard-and-a-half lengths were snapped | up at once, while the two-vard pieces | were left almost untouched This trend is worrying the j no little degree. If the mills continue | to stick to the 10-yard lengths they | fear they will lose a lot of trade. The | retailers are demanding the one-and-a- | half and three-yard cuts, and this is| far from satisfactory (o the whole saler. i Fall Orders Heavy. ! The renewed activity of the domestic | sewing machines has had its principal | effect on silk goods. There has re cently been a slight seasonal drop in| production, but the total business of | manufacturers {s running at a hiz rate than ever before in this cour for this time of vear, and ordering for Fall has been heavy Raw silk prices are strong and | advanced moderately this week they are still at a level : to manufacture The r ficial silk producers are working their enlarged plants at ty. They | have realized the value to their indus- try of stability in prices and ha opened their third quarter books &t the same level as now obtains, Silk Concerns Rushed. | President W. W. Birge of the lndu»«i | trial Fibre Co. of Cleveland. for ex- ample, savs: ““We have no warehous and no need for one. Our output hus been sold ahead for some time and in- dications point to a continuation of that condition. We are shipping our products as rapidly as they are mnde.” This company when he became presi. | dent in 1921 had about 90 employves It now hires more than a thousar and is bringing its production up to 13,000 pounds of artificial silk dailv, an Increase of 7,000 pounds since - The concern works 24 hours a day, days a week. Other artificial silic von cern are equally actively employed. CRUDE OIL PRICES | ARE RAISED AGAIN 1 Pittsburgh Announces Advances From 15 to 35 Cents Per Bar- rel on All Grades, By the Associated Press | PITTSBURGH, June 6.— An increase | of from 15 to 35 cents a barrel in the price of crude oils quoted on the mar- ket here was announced today by the leading purchasing agencies. The new prices were: Pennsylvania grade in New York transit lines and Bradford district in national transit lines, $3.90 Pennsylvania grade in national tran: sit and southwest Pennsylvania lines $3.80: and Pennsylvania grade in Eu reka lines, $3.75. all up 25 cents; Pen sylvania grade in Buckeye lines, § up 35 cents. Trompt Action First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. 38 15tk Btreet WE FINANCE —all classes of income-producing property. Large Loans a Specialty Current int. rate and commission. Higbie & Richardson, Inc. 816 15th St. N.W. —on First Mortgages on improved property in Washington. Cur- rent rates. Prompt service. HANNON - & LUCH now are operating profitably on waste from lumber plants,” he said. “Forty per cent of the paper used is heavy and coarse and can be made from by- uctswof_Southern. pine,” ’ 713 & 715 14th St. N.W. | | Main 2345 UNLIMITED FUNDS Avallable For LOANS Applications Invited on Residen- tial Property, Apartment Houses, Business Property, Etc. Prompt Action N. L. SANSBURY (0., INC. 1418 Eye St. N.W. Main 5904 Helps for Builders Convenient Payments Prompt Inspections Active Co-operation Make our building loans attractive CHAS. D. SAGER 924 14th St. NW. Main 36 | Money Available for First Deed of Trust Loans 619 Interest Prompt Replies to Applications JAMES F. SHEA 643 Louisiana Ave. N.W. When Ynu Ne un Think of WELCH Loan Specialist Money to Loan At 5,9, and 69, INTEREST Before Placing or Renewing Your ist or 2d Trust Loan Specialist Quick Replies Reasonable Charges Invest Your May Funds principal, or who neither the time nor for watching the 6%2% First Mortgages will find lutel backed by estate in this city double the entire first trust. You may invest sums of $100 up. In- at a return of 6Y; per cent. terest begins at once. Write for our mew it's FRE Mortgage Investment Dept. SHANNON_& LUCHY) |l & 713 and 715 14th St. N.W. Main 2345 Consult WELCH, Realtor where you will be free from worry Those who cannot afford to lose any part of their have skill mvest- ments should investigate at once our carefully selected them abso- safe in every respect— improved real worth booklet— Secured by first deed of trust.on real estate. Prevailing interest and commission. Joseph I. Weller $20Web & & Tt Bldz., 9th & F N.W. When You Have Funds to Invest, Consult WELCH, Loan Specialist Established 1890 6.% and 7% Real Estate Notes for Sale in Amounts from $250 up to $1,000 or More. Consult Welch, Realtor Loan Specialist 15th & N.Y. Ave. Main 4347 Reference: Any Bank, Trust Co. or Title Co. in the District. No loss to an investor in 25 years. FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President Quick, Courteous Action Money to Loan on Ist, Znd and 3rd Tras [on Advanced for yment of Money Loaned for Individual and Corpora Financing District Loan Procurement Company 219-223 Kellogg Bldg., 1422 F St.N.W. Tel. Main 8070 lc———[o]c——¢] 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 We will gladly receive o and give prompt attention to applications for Loans on Washington Real Estate Current rates of interest. Should you have { Money to Invest | —we can also take care of ff| you. Our experience, ex- tending over a period of Thirty-Five Years —insures your protection. || Percy H Russell Co. || 926 15th St. NW. Prompt Service ElWashington Investment= d al Transactions Co. 713-15 14th St. N.'W. ain 3662 | I====0 =0 The Prudence Company, Inc. 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 wmm"uam@&flg The New York Life Insurance Company Offers to Make First Mortgage Loans on Improved Real Estate In the District of Columbia and Suburbs for 3, 5 or 10 Year Periods RRENURERERRLR R House: Business Properties V2% ON APPROVED SECURITY Apply s RANDALL H. HAGNER & COMPANY o MORTGAGE LoAN GORRESPONDENT Telifihoneain 3700 Apartments Office Buildings RERPRREERERRRER PR Endurance! Endurance is one of the most valuable of characteristics and during the last year we have seen an admirable example of it in the feats of Paavo Nurmi, the Finnish runner. Probably the most important and permanent of his records is his time of 8 minutes 58 1-5 seconds for running a two-mile race. Endurance in investments is no less im- portant and has been no more forcibly ex- hibited than by the record of Swartzell, Rheem & Hensey Company in the first mort- gage investment field. Over a period of 56 years no investor has lost a dollar in prin- cipal and interest. That such carefulness endures, and that first mortgages now yield 614%, should be significant to you when you are deciding where to invest your funds. Shret KW — ([hshilgbn.p.c. 56 Years Without Loss to An Investor MC%IL}A&IEEM&HENSEYCQ