Evening Star Newspaper, July 1, 1925, Page 29

FINANCIAL. LIVELIER PACE SET INBUSINESS WORLD THE EVENING STAR, WASHINGTON. FINANCIAL. FEWER LOCOMOTIVES | LESS CORN FOR EXPORT. POLAND INCREASES : Stocks of Argentine corn available TRADE WITH U. S.[ BOUGHT THIS YEAR | & 1557565038 Shicheis, sompared with| WARSAW. Poland. ity 1 60— Sharp Decline “in Purchasing of Freight and Passenger Cars D. C, WEDNESDAY, JULY 1, 1925. and inland waterways are being con- stantly augmented. The building of new and improved hlghways has speeded commerce and cut costs of marketing. This ‘raising of the pace of transportation has raised the vol- ume of business of the country. Less Capital Required. But it temporarily has hurt those not alert enough to adjust them- selves to it. It has made it possi- Investments .- CAFRITZ 6% First Mortgage Notes We take care of all minor detsils and Fusrantee payment of interest and princi- The New: York Life Insurance Company exports of 182,000,000 busheis during|The Polish Diet has ratified the com- - the crop movement year, May 1, 1924, | mercial modus vivendl with the Offers to Make to April 30, 1925. The harvest is|United States and the Senate is ex- completed, the final estimate of the|pected to do likewise soon. crop being placed at 186,289,000 bush- Trade with America is increasing, els, compared with 276,756,000 mushels |amounting to $25,000,000 for the last last year. nine months of 1924. First Mortgage Loans Fiscal Year Brings Great Changes in Transportation and Buying Methods. BY J. C. ROYLE. . the . was which ca the breath and hesitate r. Thase or unable to ad- he increased pace ging behind in Those who took ed gait found s they had vertain port of world to cat during the p who were unwillin, just themselves tc nd themse the race for pro advantage never known before. Big Change in Transportation. ame largely e first time Commerce tride forward go. Not only hs service speeded enabled ness men to oser to them., n of airplane opened a new nd entailed of whole- n the next f the largest cities of the country will be linked by aerial express and freight carriers. Other Improvements Noted. raph and telephone service also has improved im- here it once required long distance tele- it now takes only sferance of pic- its and even print ¢ wire and radio has already begun to exercise an effect on business The railroads speed and vol They have cu freight are working at a ne hitherto unknown the average time of ansfer aroun d with pi They are hauling more freight fasier and more safely than ever before. Trucks Greater Factor. The bus. truck and automobile have d in speeding half dozen Improved Real Estate 1st and 2nd Trust Loans On Residences H Apartment Houses o] Business Property At Lowest Interest Rates N. L. Sansbury Co., Inc. 1418 Eye St. N.W. Main 5904 =] Next to July 4th best day to cele- ne on which e your first in- k. It's the be- inancial Inde- Trust Notes nterest from fine™ ow Chas. D. Sager 924 14th St. Main 36 STOCKS BONDS BUCK & CO. —BROKERS— Established 1916 We Buy and Sell Listed Securities Outright or on Margin Our Marginal Requirements 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 Oklahoema ranks— 1st in percentage of re- turn on agricultural in- vestment. 2nd in cotton production. 3rd in_ Winter wheat production. 5th in total crop value, and holds second place among all States in value of all min- eral products. a Gas and Electric y is the largest gas and utility in the State. ings increased more % in last ten yea now over $8000,000 annually. We recommend the securities of this Company for invest- ment. Serd for Circular A-585 E. H. Rollins & Sons Founded 1876 416 Woodward Bldg., Washington Boston, New York, Philadelphia, Chicago, Denver, San Francisco. business | +| prices. ble for merchants to do an equal volume of business with a smaller capital expenditure for reserve stocks. On the other hand it has disarranged time honored schedules of manufac- turers who have been accustomed to produce heavily at some seasons and curtail at others. It has enabled some merchants to discount changes in style and forced others to the wall when they ignored it and found their judgment at fault. It some have suffered, others have cained and the fact remains that it as improved business in general, al though it may have diverted it into different hands. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY CHICAGO, July 1.—A record build- Ing program for any half-year period has just been made in Chicago. Per- mits totaling over $190,000,000 were issued during the first six months of this year. A big demand for me- , |chanics has resulted. CLEVELAND, July 1.—Buslaess at the White Motor Co.’s plant is reflect- ing increased demand for trucks and busses. The plant is running at about normal capacity, an improvement over this time la Most_Cleveland auto factori re busy, but report orders tapering off. Also Reported. By the Astociated Press. . NEW YORK, July 1.—Railway equipment orders in June aggre- gated 4 locomotives, 777 freight cars and 34 passenger cars, compared with 4 locomotives, 412 freight cars and 37 passenger cars in the same month last year, Rallway Age re- ports. Orders for the first half of 1925 were 415 locomotives, 35.957 freight cars and 447 passenger cars, against 779 locomotives, 73,585 freight cars and 842 passenger cars In the corresponding period of 1924. FREN& OUTLOOK BETTER. PARIS, July 1 (#).—Le Matin quotes Finance Minister Caillaux as declaring that the first effects of his fiscal plan have been eminently en- couraging. He said the new gold loan would be a center of crystallization which he expected would lead to the stabilization of the French currency. FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President JACKSONVILLE, Tex., July 1 The Texas tomato season is rapidly drawing to a close, as it has been cut short by drouth. Shipments are run- ning about 14 cars a day from here. NEW ORLEANS, July 1.—Southern Pine Association mills last week pro- duced 67,000,000 feet, shipped 68,000,- 000 feet and received orders for 70,900.000 feet. = Unfilled orders totai 220,600,000 feet PHILADELPHIA, July proved demand is making its appear- ance in the worsted varn market un. der influence of the advance in wool Orders for the men's wear trade, for dress goods, yarns and for knit outer wear'production all have show sizable volume in the last week. —_— LIVE POULTRY LOWER. CHICAGO, July 1 (#).—Poultry— ve, lower; fowls, 21a24; broilers, . Spring, 37; roosters, 14; tur- 20: ducks, 18a23; geese, 13220. Equitable Co-operative Building Ass’n JOHN JOY EDSON. President i Organized 1879 | Assets $4,942,132.68 Subscriptions for the 88th Issue of Stock Being Received AVE ystematically With the Equitable Always bear in mind. it's not what you earn, but what you save that counts. So start an account with Equitable and save systematically. The results will be most gratifying. | 915 FSt. N.W. " SERVIC 811 Vermont 1.—Im- Its 7% First-Mortgage Notes, SECURED by Im District of Columbia Real Estate, Are a D INVESTMENT. Offered in denominations from $250.00 UP. First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. 738 15th Btreet 'MONEY TO LOAN —on First Mortgages on im- proved property in Washing- ton. Current rates. Prompt service. HANNON FRANK_P. REESIDE, Secy. 5th YEAR COMPLETED Surplus -.$1,317,011.44 > SHARES $72.50 PER MONTH the Avenue N.W. Deals in the Best Real Estate Securities First and Second Trust Notes and Ware- house Receipts are purchased at fair rates ed 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. We Have AMPLE Main 9392 FUNDS For Large Loans 514% - On Improved Property in the District of Columbia WEAVER BROS. 735 15th Street N.W. MID-YEAR MATURITIES Will have to be reinvested at once that they may con- tinue their earning power. Why risk the uncertainties of market fluctuations, indus- c, when you can place your funds in securities ABSOLUTELY SAFE, sound, secure and NON-FLUCTUAT- trial changes, et ING, namely, FIRST MORTGAGE 6, NOTES —secured by prior lien on improved D. C. realty. Before you place your mid-year funds CONSULT OUR MORTGAGE INVESTMENT DEPT. NEVER A LOSS TO ANY INVESTOR. [SHANNON - & LUCHY) 713-15 Fourteenth St., NW. Main 2345. APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent Suburbe in Montgomery County, Md& 5: % INTEREST ‘:fl pply ro H. L. RUST COMPANY LOAN CORRESPONDENT Bhe¢ PRUDENTIAL INSURANCE COMPANY s AMERICA 912 13th Street N. W. When you invest in one of OUR FIRST MORTGAGES Over a Quarter of @ Century Without a Loss B. Main 2100 of 614 % interest. F. SAUL CO. FINANCIAL INSTITUTIONS ous to Labor Day.” Lincoln National Bank The Franklin National Bank Penna. Ave. at 10th St. Bank of Commerce & Savings Security Savings & Commercial Bank Ameyican Security & Trust Company Central & Southwest Branches United States Savings Bank Closed Thru September 13 Seventh Street Savings Bank The Riggs National Bank Seventh and Eye Streets Office District National Bank Ninth' Street Office Mount Vernon Savings Bank you never need give a mo- ment’s thought to the safety of your funds or the certainty 925 15th St. NW. “WE THE UNDERSIGNED BANKS AND hereby agree to close our institutions for Sat- urday night business during the months of - July and August and the Saturday night previ- oal. 14th & K Secured by firat deed of trust on real estate. Joseph Write for hooklet_ C. L. 0'DONNELL, Mgr. Mortgage Department CAFRITZ COMPANY REALTORS Main 9080 on Improved Real Estate In the District of Columbia and Suburbs for 3, 5 or 10 Year Periods Apartments Office Buildings Houses Business Properties Money to Loan Prevalling Interest and commission, e e ON APPROVED SECURITY Funds avaliable for the pur- inds of gecond trust red on'D. d°or nearby tate. Prompt action in g Apply g S RANDALL H. HAGNER & GOMPANTY § MORTGAGE LcaAN GORRESVONDENT ) Nos321 Commecticiut Hverue every case. ‘Washington Investment and Transactions Co. 715 14th St. N.W. Maln 3662 To July Investors— What Value Has - Experience? AN expérienced New’ England banker recently bought a block of bonds of a new Straus issue —his first purchase of first mortgage real estate bonds. “Previously,”said he,“I had avoided participation in real estate bonds, because those offered me did not seem to be backed by sufficient experience. Experience, of course, is one of the most vital things in finance. No one can learn any depart- ment of finance in less than 20 years. “However, when you offered us a participation in your new Straus issue, we decided to accept, as we believe that you are at the head of your line; you have had full experience in real estate financing; and your record is the best evidence that your judgment is sound. Your bonds, therefore, are certain to be the best in their class.” If you wish to learn more of the qualifications of S. W.STRAUS & CO. to serve as your investment banker, and find out why Straus Bonds, yielding as high as 6.10%, are “the best in their class”, write today for BOOKLET 398-G S.W.STRAUS & CO. ESTARUSWED 1882 ~ INVESTMENT BONDS - INCORPORATED NATIONAL METROPOLITAN BANK BUILDING ’ WASHINGTON, D. C. E Telephone Main 5847 43 YEARS WITHOUT LOSS TO ANY INVESTOR 19358 W.8 40Ca. s Invest Your July Funds at ‘with_the proven safety’ of SMITH BONDS, No loss to any investor in 52 years is the record behind these strongly secured first mortgage investments definite, dependable income of 7%. Invest in 7% Smith Bonds, which give you the protection of safeguards that have made possible our record of 0 loss to any investor in 52 years. The strongly secured First Mortgage Bonds which we offer this month will pay you 7% for any period from 2 years to 1§ years. And you may buy these bonds in any amount, in de- nominations of $100, $500 and $1,000, either outright or under our Investment Savings Plan. Interest coupons or dividends which you receive in July may be applied to the purchase of 7% Smith Bonds. Thus these odd sums immediately start to earn 7%. Under our Investment Savings Plan, with 10 months to com- plete your purchase on any terms that are convenient to you, you receive the full rate of bond interest on every payment. Send your name and address on the cou- pon for descriptions of our July offerings, and learn for yourself the exceptional % safety features which assure complete protection of your principal and prompt @ payment of 7% interest. We also will send you our two booklets telling the facts you will want to know about Smith Bonds and explain- ing our Investment Savings Plan. THE F. H.SMITH CO. Pounded 1873 ;l!' YOR[: W, GTON,D.C. grtsnulfl; NO LOSS % ANY INVESTOR IN 52 YEARS Senith Building, 815 Fifteenth Street—Main 6464 INVEST your July funds so that they will bring you a CONFIDENCE in Smith Bonds is World Wide Smith Bonds are owned by investors in 48 States and 30 countries and terri- tories abroad. This world-wide confi- dence in Smith Bonds is the result of our §2-year record of proven safety, meaning: 3. Prompt payment of interest on the datedue; 3. Prompt payment of principal on the date due; 3. Freedom from worry, delay or loss to any investor. SendNOW for these booklets “Fifty-two years of Proven Safety” tflllk:h'y Smith Bonds are safe bonds, how Smith Bonds are safeguarded, and how we have attained our record of no loss to any investor in 52 years. “How To Build an Independent In- come” tells how you can buy Smith Bonds with savings of $10 or more a. month and get the full rate of bond in- terest on all payments. Alsoshows the results you can accomplish by invest- ing systematically at 7%. Mail the coupon for the booklets now.