Evening Star Newspaper, June 25, 1925, Page 29

FINANCIAL. FINE TRACE SEEN FORREST OF YEAR Exports and Imports Held Certain to Remain at High Rate. By J. C. ROYLE. ispatch to The Star. . June 23.—Manufac- orters here are opti- the probabilities for throughout the last half of 19 That trade is not going to be one-sided they realize. Alr slowly improving nations ur e are beginning to start the flow their goods to American markets, Belgian brick is now coming into New York, Phila- delphia and other ports, € steel ig coming steadily into Ga ton Foreign be a factor in A tic ¢ French cast iron pipe is competing on the Pacific coast with American products English textiles are being bought in large quantities New Export Records Seen. Amer exports, however, are splendid rate and busi- ave been greatly heartened aration by President John f the United States Steel Corporation at the tonal Foreign Trade convention attle that this year's ex d run heavily mistic foreizn - |the United Sta st markets, | above pre her companies. For | ss men of foreign REAL ESTATE LOANS || 537 aea ' RESIDENCE LO. FRED T. NESBIT INVEST! Main 8392 Can Secure LOANS Up to 8500 In THREE DAYS Fid lity l(.“‘;:\arnagty _So. FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President Money to Loan Becured by first deed of trust on real estate. o0 S dhed ot Joseph I. Weller 430 s WOeeS00090000005 WANTED! SECOND TRUST NOTES Funds availahle for the pur- chase of all kinds of second trust notes, secured on D. C. or nearby real estate. ~ Prompt action in every case. ‘Washington Investment and Transactions Co. 715 14th St. N.W. Main 3662 If a thrift plan under supervision of banking de- partments — strong, safe, sure—providing substantial interest rate, is of interest to you, address N. P. Pitt- man, 1150 17th St. N.W. 'ms\mm“\mfiss; THE FINANCING OF A REAL ESTATE DEAL Is Really & Vitally Important Consideration 4 3 Paddddddd s dds 900000060600 “ We are in a position to make unlimited loans on first and second trusts on Apartment Houses ~ Business Property Consult Our Loan Dept. ; N. L. Sansbury Co., Inc. 1418 Eye St. N.W. Main 5904 SSISINSINININY Residences g g{ Avoid loss of interest P rescrvingyour July invest- ments in advance you can arrange to have the interest on your new investment start the day yourold investment matures. ‘You may make your selection now from current offerings of 7% Smith Bonds, and no deposit will be required toreserve the invest- mentyouchoose for July delivery. % First Mortgage Bonds are 7% vaitable indenominations of $100, $500 and $1,000 and in maturities from 2 to 15 years. Mail the coupon for descriptive circulars. No Loss to Any Investor in 52 Years The F. H. Smith Co. Founded 1873 815 Fifteenth Street—Main 6464 New York Washington, D. C. Pituburgh Philsdeiphis Minneapolis MITH COMPANY 1 Smith Building, Washington, D. C. Please send descri current offerings of 7% Mortgage Bonds to: hat political countries are atteading the Seattle convention as delegates and the Cham- bers of Commerce of the big Japanese ports, Tokyo, Yokohama and Osake, are represented. Japan Anxious for Trade. T. Shibagski, an officlal of Mit- sul & Co., bankers and world traders, in a statement received by telegraph today declared that he looks with in- terest and favor on the development of the forelgn trade of the United States. “The United States,” he said, “is the chief foreign source of supply of Japan.” The United States is also Japan's largest customer. Eighty per cent of the structural material used in Japan comes from the United States. Nearly 90 per cent of Japan's automobiles come from America. Japan and the United States are not trade competitors. Forty-one per cent of Japan's s consists of yaw silk, and ninety per cent of this amount is sold in the United States. A fourth of all the silk produced in Japan is consumed in the United States, which uses also a third of all Japanese pot- tery and 90 per cent of its tea. Urges Closest Relations. “Japan s imports last vear totaled about §1,000,000,000. Of that amount s sold us twice as much as any other nation. It be- hooves the business men of each na- tion, therefore, to see that no factor arises to destroy the good relations between us.” For the first five months of this vear, up to June 1, the total exports of the United States totaled 700,000, as compared with §1,7 0, 000 for the corresponding period ol 1924, 2 ,576,900,000 in 1924, This gives a total value of forelgn trade of $3,681.800,000 and a splendid balance of trade in favor of this coun- tr. (Copyright, 1925) STOCKS BONDS BUCK & CO. —BROKERS— Established 1916 We Buy and Sell Listed Securities Outright or on Margin Our Marzin-Al Requirentents re Reasonable and Attractive Visit Our Board Room or Write for Weekly Market Letter Direct Private Wires New York Baltimore Philadelphia Washington BUCK & CO. 1420 N. Y. Ave. N.W, 312-13 Evans Bidg. Phone Fr. 7300 First Mortgage Notes— Secured by Improved Real Estate In Washington™ Worth Double The Amount Of the Loan— Interest Rates Today 64 Per Cent Denominations of $100 to $5,000 Partial Payments Received— Mortgage Investment Dept. SHANNON & LUCHS 713 and 715 14th St. N.W. Main 2345 THE EVENING STAR, WASHINGTON, D. C, THURSDAY, JUNE 25, MORE POWER WOULD SLASH FARM COSTS Agriculture Department Sees Great Opportunity for Easing Up on Labor. By the Associated Press. Great opportunities exist for reduc- ing farm operation costs through re- duction in labor requirements and better power application, the Depart- ment of Agriculture declared today in announcing the results of a recent study of farm power by its division of agricultural engineering. Only about 19 per cent of the coun- try’s land area is now utilized for production of crops, the department said, and it has been estimated that perhaps 50 per cent can be utilized when population increases make it fuch farm work now done Don’t Procrastinate! Make up your mind that you will be fully protected from every angle of loss. Tomorrow may be too late. We are fully equipped to give you protection in all lines and sugest hat sou act promptly. It is betier 0 _be sate S Phone our Insurance Department and representative will call and cheer- fully talk over the matter with you. N. L. Sansbury Co., Inc. Phone M. 5904 1518 Eye St. N.W. than sorry by human labor, it added, will even- tually be replaced by mechanical power. Power and labor together account for about 60 per cent of the,total cost of farming, the department found, and predicted that a better knowledge of the power requirements of farm operations and adoption of more ef- ficlent types of power units would do much to cut production .costs. The report estimated that horses EXCHANGE STARTS FIGHT ON RAIDS AND CORNERS NEW YORK, June 25 (#).—Broader powers are given to authorities of the New York Stock Exchange in dealing with corners, market ‘ralds” and undesirable business connections of ita members, under a revised. con- stitution, effective today. 1925. AUTO SALES IMPROVE. DETROIT, June 25 (8pecial).—The Oldsmobile factory reports sales for the first 10 days of June were 33 per cent ahead of those for the correspond- ing period of May. June and July usually show a decline, and this re- versal {s regarded as an excellent in- dication for continued sales. FINAANCIAL. ‘WABASH DOING BETTER. NEW YORK, June 25 (#.—May earnings by the Wabash ralilway were much larger than those of May, 1924, surplus after charges jumping to $522,- 439, compared with $112,040 a year 8go. Surplus for the flve months was $1,773,881, against $1,042,031 for the same period last year. LION OIL'S EARNINGS. NEW YORK, June 2% (#).—Earn- ings of the Lion Ofl Co, for the first five months this year, after depre- clation, but befote depletion, were $943,000, equivalent te $4.70 a share on the 200,000 shares of stock outstand-, ing. Directors declnred the regular quarterly dividend of 50 cents a share. Better Be Safe | Than Sorry How often people tell us—"If I had invested all of my money in your | First Mortgage Nates instead of plac. ing a large part of it in that ground floor proposition, T would he —?—— dollars ahead today.” Write for booklet C._L. 0'DON) Mgr. Mortgage Department CAFRITZ COMPANY Realtors 14th & K Main 9080 Identification With Such a Bank as This —means much to you as an individual, and vastly more as a business man. The city’s solid interests | have been largely asso- ciated with The Metro- politan, for over a cen- tury—and our service is seasoned by long experi ence in meeting the busi ness needs of the com- munity. f'Your account is invited. General Banking, Savings Dept., Special Dept. for La- dies, Trust Dept., Safe De- posit Bores, Foreign Ez- change. 5 National | " Metropolitan 0old (v)ild Capital, Surplus & Undivided Pprofitg Gver $1,800,000.00 < 15th St. opp. U. S. Treasury | Main 1403-1404 OFFERING For June and July Funds Yielding 8% Free of District of Columbia Intangible Tax NORMAL FEDERAL INCOME TAX PAID AT THE SOURCE The remaining portion of the 2nd Issue of Preferred and Common Stock of Real Estate Mortgage and Guaranty Corporation Resources Over $2,250,000.00 26 Jackson Place N.W. 615% FIRST MORTGAGE NOTES VERY Note is- sued by this organization is fully secured by twice its face value in care- fully selected and Mfiwly ap- praised residential property in North- west Washington. Holdets of these Notes are receiving the maximum rate of interest now pre- vailing in the Dis- trict of Columbia, with assured safety of every dollar in- vested! BOSSTRPHELPS HOME OF HOMES 1417 K Street Main 9300 TS NS T provide 15,916,000 of the power units ; trucks, 356,000; windmills, 1,000,000, and auto- | equilibrium or demoralization of prices. mobiles, 4,500,000. — TODAY’S POULTRY PRICES. The numerous biographies of great| CHICAGO, June 25 (#).—Poultry, men to be found on the book-shelves |alfve, unsettled; fowls, 21a28; broilers, tend to disprove the theory that death | 18a26; roosters, 14; turkeys, 20; ducks, ends all. ' goese, 13a20. FOR INVESTORS MORTGAGE NOTES IN CONVENIENT DENO?HNATIONS ON IMPROVED PROPERTY in DISTRICT & COLUMBIA H. L. RUST COMPANY 912 15th Street Main 6888 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 Houses Apartments Business Properties Office Buildings V2% ON APPROVED SECURITY Apply RANDALL H. HAGNER & CGOMPANY MORTGAGE LoAN GORRESPONDENT N33 Bonmecticut HFoenue; TaliphonaAzin 378, 2101 WHY not get $65 each year for every thousand dollars sur- plus you have? Let us tell you about our safe 642% FIRST MORTGAGES B. Main 2100 F. SAUL CO. 925 15th St. N.W. Elastic provisjons for action by the now used on American farms; mules, | governing committés in the case of 4,654,000; oxen, 200,000; tractors, 450,- |corners or of improper manipulation stationary en-(are designed to prevent, as far as pos- 00,000; electric_installations, | sible, serious upsetting of the market's 614% First Mortgages for JULY INVESTMENT NVESTORS are fortunate in that we are still able to obtain 6159 on our First Mort- gages and can offer that return for the invest- ment of July funds. If you will have money available in July, it would be wise to make your reservation now. % The same sort of security we have offered for the past 56 years and which has enabled us to maintain a record unique in investment cir- cles can be had with an interest rate of 634 %. We unhesitatingly recommend each Note as an investment of the highest type. Mm} EEMsHENSEY Co. it 56 f:an Without Loss to An Investor * MILLER « % ismot too much to- expect from a sound investment. And 8% is the immediate yield of the preferred stock of the Mo ; Bond & Guaranty Corporation. Inaddiu'o::%g g common stock offers unusual -earning power This is the first time that the man of moderate peans is offered an opportunity to invest, on . 7 the same basis with the directors, in a house that operates exclusively insfirst on ; improved, income-producing'real Wm ) ¢ Mortgage figancing has created thriving ? communities out of hamlets and built up prosper- ; First 4 H ous cities where only struggling villages existed. Ome share of the 8% preferred and one share of the common stock of the Mortgage Bond & Guaranty Corporation may be purchased for $12.50. How many of your $12.50’s need to be putwn a full-time eaming schedule? Write, call or telophene for en eppointiment HUGHES & COMPANY INCORPORATED INVESTMENTS 3418 Eye Strect Northwest Telephones Main 853-854-3317 - Pscal oAgents for 250,000 Shases C-—H-l.'!h.““ .. This chert shows the k in sales the last 5 years of the company’s long ewistence, 1920 9R1 o3 How this Miller “Life-line” guides the experienced investor WHILE talking to a group of busi- ness men recently, a well-known banker said: “We know.that first mortgage real estate bonds have a fine record of safety. They offer a liberal interest rate. But before buying, the experienced investor in- vut}snel the issuing house. “He learns as much as possible about the record of sales. He studies the growth in capital and surplus. If the trend of sales is steadily upward, he knows that the bond-holders are satisfied. If in- crease in capital and surplus keeps step with the increase in sales, he knows that the house is under capa- ble and conservative management. Only after he has satisfied himself on these phases does he invest his money.” A glance at the chart above re- veals this important fact about the house of G. L. Miller & Company. It shows that during the last five years of the company’s long exist- ence the sales of Miller Bonds have mounted steadily—on the average of 100 per cent each year. And during this period capital and surplus have enjoyed the same healthy Frowth—an average in- crease of approximately 100 per cent each year. Each issue of Miller Bonds is se- cured by a first mortgage on an in- dependently appraised office build- mgl, hotel or apartment structure. nterest up to 7 per cent. Normal Federal Income Tax re- funded. Various State Taxes refunded or paid. Genuineness of each bond certi- fied by a bank. Denominations, $100, $500, $1000. It will pay you, now that we are in the reinvestment period, to find out more about investing in Miller Bonds. Write for Booklet 7225 and descriptions of mrr;nt offer- ings paying interest up to 7 per cent, Scndp for this booklet tod:y?c G.L.MILLER & CO. INCORPORATED 308 Phillips Bldg. ‘Washington, D. C. New Yeork, Philadelphis, Baltimore, Pittsburgh, St. Louls, Buffale, Atiants, Memphis, Knoxville NO INVESTOR EVER FIRST ORTGAGE LOST A DOLLAR IN BONDS