Evening Star Newspaper, July 6, 1925, Page 21

FINANCIAL. NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNAN. |Film class A went along, establishing NEW YORK. July 0.—The specula. |® D€W high above 52%. New high records for a numbec of | i tive element in the Curb Market went [ public utilitles reflected possibilities of ahead with its operations for the rise grenter earnings through the “’.‘;:h' o o of .|tion of several superpowe today. ignoring completely the price | pOR °f (SCESCR, BIFEPULY York appreciation which already had taken | renched its best figure around 81, place. | where it compared with the Friday The almost perpendicular rise in|final of 77%. Another favorite was | United Light and Power Class A which gained over 5 points to & new omment. but there |top. Commonwealth Power came in no disposition to take prof for its share of improvements, advanc. Around 90, 1t was selling almost 7 |ing 3 points to 163% points above the previous closing and | Baking Company shares also were at its vecord high for all time. Fox being bought on merger possibllities. Pathe Exchange class A was cause | YORK. July 6.—Following 1 Gen G&E ptd B.134 cial list of bonds and stocks | e traded in on the New York Curb| Market today Sales in BONDS, Happiness C St A thogeands iligh. Lo 3 Fi LE o 1 Hanpiness € 8t $ T Equitable Co-operatlve Building Ass'n JOHN JOY EDSON, President FRANK P REESIDE, Secy. Organized 1879 h YEAR C MPLETED $4,942,13268 Surplus S151%,011.44 Subscriptions for the 88th Issue of Stock Being Received AVE * ystematically - I With tl.le l'iquAitable SH ARB Always bear in mind, it's not what you earn, but what you save that $250 counts. So start, an account with the PEvR Equitable and save systematically. MONTH The results will be most gratifying. 915 F St. N.W. Semmeisd st P O DG e S2ReERIUZE3.) FREE § B S 11 Wenden "Cop SILK PRICES LOWER. NEW YORK, July ‘6 (Special).—Lit- tle activity marked the reapening here | % | of the cotton cloths markets. Pricos |G were generally stéady, with print cloths quoted unchanged at 9% for | 64 by 60s and 10% for 68 by 72s.| Raw silks were dull and weaker, de. | clines of 5 to 15 cents a pound be(nz\ recorded in Yahnnpnp siks. | | AIR MAII. AIDS BANKS, | : SLAND, July 8 (Special).— great saving of time and money (. ex-! | ] | pected to accrue to business astn re-! | Sult of the night fiying mall service.| [ 5 |It means to banks here that checks on | (i % | New York will b cleared 24 hours| i |sooner than at present, resulting in a| [gf aving of interest which soon will nm1 nto millions. PSR z RS : | SEABOARD'S TRAFFIC GAINS. BALTIMORE, July 6 (Speciall.— reight loadings on the Seaboard Air e the last week in June totaled 44,- ompared with 17 dur- »onding period of last se of 2030 per cent GRAIN EXPORTS SLUMP Grain exports .-from the United <t week were 850,000 bushels, 897,000 bushels the previous FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President n‘oo“nonooo WANTED! SECOND TRUST NOTES Funds vallable fo pur- chase of all Kinde of 'Lré&i trust hotes, recured on D, O or neathy real estate. Prompt lclibn in ey amn Washington Investment and Transactions Co. 6&“606“03 : Secured Sav1ng“ There is no time like the (rrrsen( to start laying the foundation for vour Financial In buying one of our FIRST MORTGAGE 61/,% NOTES You can do this by our special plan with as little as TEN DOLLARS, if you w Our check for the interest will arrive promptly on the d e, and best of all you are posi- tively assured that there are NO RISKS NO LOSSES NO DELAYS NO DEPRECIATIONS Consult Our Mortgage Investment Dept. (SHANNON - & LUCHY] 713-15 14th St. N.W. Main 2345 ependence. Begin today by FOR INVESTORS MORTGAGE NOTES IN CONVENIENT DENOMINATIONS ON IMPROVED PROPERTY in DISTRICT + COLUMBIA H. L. RUST COMPANY 912 15th Street Main 6888 The New York Life Insurance Company - Offers 1o Make First Mortgage Loans on Improved Real Estate In the District of Columbia and Suburbs for 3,5 or 10 Year Periods Houses artments Business Properties 0 ce Buildings S2% ON APPROVED SECURITY Apply | RANDALL H. HAGNER & COMPANY MORTGAGE LOAN GORRESFONDENT ofexs2 WM(:%MW. TaolyphoneMain 300, LARRRRR A | VT Offices That Arg Central Convenient to all parts of business and finan- cial district. Especially suitdble for Insurance, Builder Realtor Offices. SAUL BUILDING 925 15th St. N.W. Reasonable Rent. B. F. SAUL CO. Main 2100 925 15th St. N.W. | CAFRITZ The Cost of Safety NOT every investment is secure. Some se- - curities, however, are absolutely safe for investment. Yet the investor is compelled to pay indirectly for the safety ‘of his principal. Usually this payment takes the form of a smaller interest yield than would be returned by investment in other securities. But why pay extra for safety? The First Mortgage Notes offered by this Company are safe—they are secured by improved Washing- ton real estate. Our notes yield 614 per cent to the investor and are issued in d2nominations of $100 and upward. o R «hshiwc. 56 Years Without Loss tc An Investor Prompt Action FINANCIAL. First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. MONEY TO LOAN | IN THE DISTRICT OF COLUMBIA AT Current Rate of Interest REAL ESTATE LOANS - What This | 53% opekidiiton 738 15th_Street g | RESIDENGE LOANS AT LOW RATES | Bank Offers e _FRED T. NESBIT fl Facilities that repre- sent the development J of over a century of -m‘u., Money to Loan uninterrupted _ service | i to the community are ured by first deed of trust on real estate. placed at your disposal M """i“'w = '3‘.,":.';“‘.: v | by The Metropolitan. | N.W. FLOYD E. DAVIS COMPANY 783 12th fllml \onhwenl 501 ith S'mt Somhwml QUICK LOANS | HOME OWNERS | $150 to $5,000 on 1st, 2nd and 3rd Trusts In Thri DISTR 10T 204 Kelloge Bidg., 1422 Open_Evenings 7 {o'0. Tel We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Strge‘ 620 17th Street Our experience in conductmgl a general mortgage business ex- |tends over a number of years.| | We are not as old as some of the | local mortgage houses, but we | operate under the same con- | servative plans. | | First Mortgage Notel} | ar& written for three years based | |on 50% appraisal and are now| paying 6% interest. Write| for booklet. | C. L. O’Donnell, Mgr. Mortgage Department Read Our July - Investment Booklet END for our new booklet describing six strongly secured First Mortgage Bond issues that will pay you 7% on your July funds with the proven safety of Smith Bonds. 77 SMITH BONDS are sold 0in denominations of $100, $500 and $1,000, outright or under our Investment Savings Plan. Every payment earns 7%. Maturities range from 2 years to 15 years. For a copy of our July booklet, send your name and address on this advertisement today. No Loss to Any Investor in 52 Tears TheF. H. Smith Co. Founded 1873 815 Fifteenth Street--Main 6464 New York Washington, D. C. Pituburgh Minneapolis CAPITAL, SURPLUS and UNDIVIDED PROFITS, $6.521,117.06 3% ON SAVINGS MAIN OFFICE BRANCHES: Member American Bankers’ Association _— 11,373,174.19 1140 15th St. N.W. 7th and Mass. Ave. Letters of Credit Outstanding. ... 239.072.30 8th and H Sts. N.E. Acceptances Outstanding 4,180.88 7th and E Sts. SW. T We'll be pleased to know YOU and YOUR banking needs. National == —on First Mortgages on im- o proved property in Washing- ton. Current rates. Prompt fItf e !‘0 01 an an service. HANNOI OLDEST National Bank in the City 713 & 715 14th St. NW. 15th St. Opposite U. S. Treasury Main 2345 Choosing Your Investment Connection UCCESSFUL investment calls for skill in in- vestigation, facilities for obtaining information and experience and expertness in selection. Few people have either the experience or facil- ities. For the great majority, contact with a well organized and permanent institution is desirable. Baker, Watts & Company have been furnishing investment counsel for more than 25 years. They are trained men who must use conservative methods in the handling of many millions entrusted to them each year for investment. To their experience are added facilities for far- reaching investigations and a statistical department equipped to apply scientific methods to any analysi This experience, conservatism and all these facil- ities are yours. They have been used in the selection of the bonds we have purchased with our own funds and recommend to you. We invite you to'submit your investment problem to us and we shall be glad to assist you in its solution Baker, Watts & Co. Bankers Counsellors In Investment Calvert and Redwood Sts. Baltimore, Md. . Washington Office, Woodward Building Edwin D. Flather, Resident Manager CONDENSED STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, JUNE 30, 1925 RESOURCES. Cash on Hand and Due From Banks............. $5,484.179.82 U. S. Government Bonds and Notes. . $4.472,594.05 State and Municipal Bonds. 632,141.21 Other Skeuritiear, .. co. o 6,268,438.93 TLonne sHdr DIBEOBALE . <o - vvsrvitimnimdosansnsotsis 16,426,197.42 Clerks” Pension Fund Investment 50.000.00 Customers’ Liability Under Letters of Credit..... 239,072.30 Customers’ Liability Under Acceptances. . 4.180.88 Accrued Interest Receivable . 240,585.84 Banking Houses, Vaults, Furniture and }‘lxturee and Real Estate Owned...... e .. 1,751,92896 Other Resources .. v 37,41892 Total Resources 15th St. and Penn. Ave. Capital Stock Surplus Undivided Profits Reserved for Dividend Pamble ]ul\ 10, 1925. Deposits - 5 Clerks’ Pension Fund and Interest Theron 54,559.49 Rtserjved for Interest, Taxes and Expenses 133,841.25 Other Liabilities 3,187.90 3L R L R A T S R 35,606,738.33