Evening Star Newspaper, July 13, 1925, Page 21

FINANCIAL. THE EVENING STAR, WASHINGTON, D. ¢, MONDAY, JULY 13, 1925. CHICKENS AND EGGS OPEN WEEK LOWER Small Fruits and Vegetables Also to Be Cheaper in Short Time. A weakenling of the chicken and egg yers this morn- markets interested b: ing. Top prices of live Spring chick- ens were reported as 40 cents, while 3% cents yas the price given on fancy, selected egss. An appreciable of small fr iits and gr is anticipated early in the week, due 10 the recent rains, and correspond- ingly lower prices are expected Prices of most commodities this morning were substantially the same as prices quoted at the close of last week's market Today's Wholesale Prices. Butter—Fancy, tul prints, 52 store packed, 28a30 Sggs—Fancy. selected, candled, 34; | average receipts. 3 Poultry—Alive, Spring chicken: large, 40: small, 30: Leghorns, 3§ heavy fowls, 27. ducks, 25; keats, 40 to 75 turkeys, 25: geese, 12a15. Dressed, Spring chickens, large, 45 small, 40; turkeys, 30 ducks. 20 geese. 1 Live stock—Calves, 81za10; lambs, Spring, 161 hogs. Meats—Beef. 1 lambs, 30a32: hogs, 132; shoulders, 20a 32; smoked shoulders, 20a Fruit and Vegetable Review. Today's market report on fruits and e Market News Service. Bureau of Agricultural vegetables (compiled by t Economics) say Cantaloupes — Suppiies heavy: de mand moderate. market slightly weaker on California. steady on Ari zona: California. Imperial Valley. fair to ordinary quality and condition, sal- nd 36s, wide few 3.75: s, best, most- mon tints, standards range in prices, 2 standard flats, 12s and | 1y 1.50: Arizona, salmon tints. stand. 458, 3.75a4.25, mostly 4 8.75a4.00; jumbos, 36s and 4 4 mostly ); standard flats and 15s. 1.60a1.75 Peaches—Supplies liberal: demand moderate, market about steady Georgia, 6s. Elbertas. large si 3.00. mostly 2.75; b Belle: medium Carolina, fair condif 6s. Slappeys, shel baskets. n, medium size, Belles, hail marked, 2.00a2.25, Potato Market Stead Potatoes—Supplies mode; mand moderate, market fairly de eady Virginia, Norfolk section and Eastern | Shore, cloth-top stave barrels, Irish Cobblers, United States, No. I, best, 6.50. Watermelon up mand moderate, mark: direct to reta ies liberal: de s, Georgia and South Carolina, Tom Watsons and Thurmond Gray: 30-32-pound averages, 90al.00 26-28-pound average, 75a80 each. Lettuce—Eastern supplies liberal demand moderate, market steady; New York, 2-dozen crates, Big Boston type, 1.00a1.25; few 1.50: poor to ordinary quality and condition low at 50; West ern supplies light, no sales reported. Green corn—Supplies moderate: de mand moderate, market steady: Nc Carolina, crate: and condition low as 1.00. Apples—Supplies moderate; demand limited, market steady: Maryland and Virginia, bushel baskets, Transpar- ents, large siz ‘mostly 1 small size mostly COTTON QUOTATIONS t, 1.50a2.00; poorer SHOW IMPROVEMENT Little Rain Over Sunday in South- west—Moves Are Only Moderate. By the Aseociated Press. NEW YORK, July —The cotton market opened steady today at a de cline of 5 points to- an advance of 7 points, most of the active months be ing higher on the failure of ea weather reports to show as much as hoped for in the Southwest. Rela tively ea if any effect on sentiment, and while there was no general or aggressive buying here, prices worked higher on covering By the end of the first hour. October was up to 23.84 and December to 23.94 net advances of about 22 to 24 points. Liverpool rallied after the opening. be ing influenced apparently by the ac tion of the market here and the dis appointing weather news. New futures closed very 3 10 54 points Low January March Opening: _ Juj December. 2374 $8.47; May. 2375 Quotations in New Orleans. NEW ORLEANS, July 13.—Cotton | W tutures opened steady: July. 23.10 bid October, 23.00; Decem ary, 23.21; March, 23.3 ew Orleans cotton futures closed steady at net advances of 50 to 55 poin July Ottober December January . March .. L C. C. Refuses to Lower Present Charges in Far West. Br the Associated Prese Rates on grap peaches, apricots, pears, plums and cherries from_ Cali- fornia to all portions of the United States lving eastward were held to be reasonable and fair today by the Interstate Commerce Commission Complaints of California fruit grow- ers. in which the California Rallroad Commission and various trade organi zations in the State joined in seek ing a rate reduction, were dismissed. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks gold value, _today. London, pound $1.8665 $4.861, Fontreal. 1700 . ran 300 Mt Berlin, mark Rome. lira Zurich. - fran Athene. drachma Madrid, peseta Vienna, crown Budapest. crown Prague. crow Copenhagen. crown Christiania. crown Stockholm. crown BUTTER UN CHANGED CHICAGO, July 13 (P).—Butter an- changed; receipts, 20,846 tubs; cream. ery extras, -42; standards, 42; extra firsts, 40a41; firsts, 381ad9:; seconds, 36a37%. Eggs, unchanged: receints, 28,775 s.enrll’ slolfil cases; firsts, 31a32; ordinary firsts, 30; storage packed firsts, 3234a33. NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNAN. NEW YORK, July 13.—The volume of business on the curb exchange was somewhat smaller than on days pre- times dullness pre- the quotation above $1.10 a pound for rubber and with sell- to do business at this figure, stocks of campanies which were well supplied with the crude product actively bought. tal was a feature, ers reluctant Intercontinen crossing 16 within a point of —Following 1 list of bonds and stocks ase in receipts | Marker today en vegetables 1 Am Pow & Lt 6k, Am PS&L ‘s n, 6 Am Sumat T 7348 Asso Gas & EI B Ae Sim Hard 61y 7 Can Nat Ry & Cent B Ry by wi 2 Galena Sig 0 7 2 Gulf O Corp 5 Hood, Rubber 1. 15: Spring 2 s 311 Lig W rl est'7 or SPM (1 Of1_Co’ 614s. 102 ] §ohut RE T pt 85100 1:_m. Cal Ed 3.00 mostly 3.00: medium size, 2.75a | North 75a2.00; Hileys, 2.00a Carmans, trading slow, 1.50a Bert 0348 wi 17 Ind M Bk il 7 22 Mor Bk Denmlk 63 The feature in point of fluctuation, Towever, was Engineers Gold, which had caused so much attention last week. Golden Center Mines, which Is controlled by the same banking in- terests, went to a new high above 6 as compared with its operftng last week of 5%. Public Utilities were featured by a 3-point advance in United Light and Power, class A, following publication of the report for the fiscal year ended May 31, which disclosed a gross of | $35,171,092, as against $84,128493 in ‘lh previous year. The re-established market for Amer: an_Rayon Products was quiet. ek o el Livingston Pet % % Mex Panuco e i 11 14 io Fuel . 323 a2y Peer Qil « 1y 1% Pernock Oil (nlp 5 Red Bank Oil ‘. 7 Rm an O & R 4 Salt Ck Cons 7“ K 118alt Ck Prod i Shrevept E P L 131 10 0 Oil 18 1 ¥enezueian Per.. 4 10 7Y 01 08 INDUSTRIALS Adirond Pow 87 Adiron Pw 78 pf 102 Am Gas & 7 Am Hawaiian 88 Am L. & Trac A & Trac pf Am Multigr Co Am Pw & L riew Am Pw & Lt pf b Am Ravon Prod =3 Am Superpow €1 Am Superpow B 8 Armour & C_vic 19 4b s & Elec B Board pf Botany Cons M Brit-Am Tob eou Ca Ging Ale n'wi Centril Prp Cor Chapin-Sacks ‘ n & Son I A C Auto ¢ P 204 Comm P C ptd wfl.mm P Cawi 1com' P C o pt Wi 78 Comm P 'C "wis 4 Cons G_Balt new i Bak A 1 nmle B Bak pfd nc Tng e For R C vie * 13 Doshler Die € C 1 Dubtlier C&R } Durant Mot 10 DuPont Mot 2 Duz Co A 1l Bd & Sk pia a5 2 El 1E Mot Truc & W G Stores Eilm Inspec M GFox A 7 Frank HH M rank HH M € p Fried Eisem R C T Freshni Gab Sn Gen G & E pid B Gen Outd Ad C A 2G Outd AV vie Gillette S R Ga L Pow & R 1 Glen_Alden_Coal STANDARD OIL 1SSt steady: sales 100 Chesebrgh Mfg.. 5800 Contl O1l new 0 Cumberland P L 20 Eureka P L ex 100 Gal Sig Oil K00 Humble Oil & R 300 Impl O Can new. Magnolia Pet Penn Mex ' Fuel th { Prairie O&G new wide range quality | 10 Swan & Finon 20 Washington Oil INDEPENDENT OIL 2Am Contr Oilfids 24 Am Maracaibo Co Ark Nat Gas Washington Stock Exchange hington Gas 5~—_ 00 _at 10013 Washington Gas 85 33—$1,000 at ln'(‘s Traction Co—6 at Withington Rws. & Pld.—1at B4 % pid —50 at 9% AFTER CALL. Washinggon Ga Liverpool cables had little ~Cail loans, 5 and 6 per cent Bid and Asked Prices. PUBLIC UTILITY. ‘merican Tel ~ & Telga. 4 ta5 Anacostia & Potomac Be Ana. & Potomac guar. 58, & P Telephone Bs." Washington Gas 66 MISCELLANEOUS. paper Co. 68 Bot. Joint stock Lurd BK. 5 Rikid Reatty e (lone) ern Blig, 6l4s < Cold Storage s.. wardman Park Hotel 6s. PUBLIC UTILITY. Capital Traction.. W, arfolic & th Steambo NATIONAL BANK. National , Cavital Faderal Amem.u Metropolitin Bank of Washington.. TRUST COMPANY. nerican Security & Trust Continental Trust Loan and Trust. Commerce Savingi Eact Waghington. .- United States. . Washington Mec FIRE INSURAN TITLE INSURANCE. Columbia Title.. . . . Real Estate Titie 3 MISCELLANEOUS, C. Paper, ptd ~ : ol Mtge. & Invest, pid. @ S putel aaner tog Goodyear Tire T 3 Gould Counier A Grennan Bak Hall Swit & §°C Hall Sw & S C pf Happiness € StA Horn & Hardart Inter Contl Rub. 3 Intl Concr Ind C Intl ch C pfd 5 Intn Util A Intn Ul B. Jones Radio, Kelvinator C Leh Pow sec vic Lehigh Val Coal. Leh Val C N C. Lib Owens Glass Lib McN&L_new Ch Strs. Miller_ Rubber Miss River Pow Mot Pic Cap. € 1 ohawk Von o wi D 7 usic Master Co 61 at Pow & Lt Nat Pub Serv A at_Pub Serv B [ Y Tel Co ptd 2 izer ' Corp . A~ 1% r B wi 6% 0 Pow € 0 135 Nor Ont Lt & P. % Nor States P C. 132 Nor Sta P C pf 10 Pathe Ex Inc A 1 Penn Wat Pw Co 4 Pow Corp of NY 1Pur Sound P&L 4 Purity Bak A 3} Purity Bak B Pyrene Mfg Reid Ice Cream Reo Mot 1% Rova Radio iRSafe C H & Lt 4 Seagrave Corp. . 50 Southeast P & L. 435 Sou Calif Ed.. 10 St Regis Paper. 1 Stand Motor. 2 Stand Pub € A 5 Stz Motor Swift Int) Tenn E'P ol o 7 Thomp R C 4 Tob Prod ‘Expt, Todd _Ship west Bow ptd 3 Wht RM &pr new ils Co A 2 Wils Co nw. nt wi iYel Taxi N Y nw wi MINING 10 Ariz Globe C.... .26 30 Butte & West..! 10 21 Canario_Copper a1y 10 Chino Ext Mines...30 Cresson Gold... Dolores Espe ng GId M Ltd 1 ka Croesus..- Thought M tv Nine M 27 Golden Condor 3 20 Hasbrouck Lea 16 Heela Mine Jerome V. Devel 265 Kay Copper Cor ason Val x 20 National Tin 1 New Corneila 1R Newmont Mining 8 Nipissing . 20 Plymouth Ld ‘M 80 Spearhead Gold.. ‘ono Belmont. 11 Tono Bar 1 Tono Min 1Utah Apex CLOSE IS IRREGULAR. Stiffer Call Money Restrains Many Traders. NEW YORK, July 13 (®).—Trading in today's stock market showed a | marked contraction in volume, with price movements lacking a definite trend. Stiffer call money rates and the absence of many traders had a restraining effect on business. Estab- lishment of new 1925 high prices by a few specialties was counteracted by | the weakness of a few others which sank to new low levels for the year. Total sales approximated 850,000 shares. The closing was irregular. -Mixed movements continued through the late trading, with a fair investment de- mand noted for Delaware and Hud- son, Western Union, Southern Rail way and Sears-Roebuck. FISHER'S PRICE INDEX. NEW HAVEN, Conn., July 13 (Spe- cial). — Prices, 159 3-10; purchasing power, 62 8-10; Crumpe, 151 5-10, krving Fisher reports. CALL MONEY STRONGER. NEW YORK, July 13 (P).—Call money_stronger: high, 5; low, 4; rul- ing rate, 4: closing bid, 5; offered at 5%; last loap, 5; call loans against acceptance, 3i: time loans firmer: mixed collateral, 60-90 days, 4: 4-6 months, 4a414; prime commereial pa- per, 3%ad, |SWEEPING CHANGES IN TEXTILE MILLS Manufacture of Artificial Silk Expected to Save Big Plants From Ruin. BY J. C. ROYLE. Special Diepatch to The Star. NEW YORK, July 13.—One of the surest signs that the New England textile industry has not given up the ghost is that many mills have finally given up ginghams. What that means is that these mills have ceused trying to cram goods which the public did not want upon buyers. They have turned toward filling demand instead of trying to dominate it. This ten- dency to make what consumers want is one of the healthiest of the new trends now apparent i American bus!- ness life. Trying Out New Fabrics. Many of the mills are trving out the manufacture of rayon fabrics. The results attending the showing of the Amoskeag mills yarn-dyed wash fabrics, which are designed to com- pete with rayon or natural silk goods [will be watched with the utmost in terest by the trade. The public has shown that it is tired of ginghams, and wants silk or goods that look like silk or which are of a quality ap ncoximating stlk in price range. The New England mills have not fig ured in the Rayon industry until late months, but the Rayon and silk man ufacturers have reaped # rich har vest. As one consequence the cotton manufacturers have experienced the greatest depression since the Civil War. Of the Rayon goods manufac- tured into fabric in 1924, 99 per cent were made outside New England Objected to Changing Styles. Cotton mill managers objected to changes from old-style goods on the ground that they could not keep costs down If they shifted jwith each style The highest textile Authorities, how- ever, declared that it was evident that the public was not looking for cheap cotton goods and that the shifting of styles is what makes demand and in creares consumption. The move by Amoskeag is regarded as specially significant of the change in policy, since the difficulty of adapt- ing such huge plants to production of novelties far greater than in the case of smaller organizations. The phenomenal growth of Rayon manufacture now make it third among textile industries of the world. ac cording to W. L. Nolan, director of the American Rayon Products Cor poration. there were 713,000 pounds of artificial silk produced in 1912, and this vear the output annarently will exceed 200,000,000 pounds. ‘‘Rayon is becoming increasingly nopular. inter- woven with other materlals and fis finding hupdreds of new uses and ap- plications overnight,” he added. Plant in West Virginia. The Viscose Co., which accounts for about 70 per cent of the American output, has just purchased a site near Parkersburg, W. Va., on which it will erect a plant capable of produc- | Ing 10,000,000 pounds of Rayon a }'enr. ‘The natural silk manufacturers are doing a record volume of business and there is every indication that the first three-quarters of this vear will be the best perfod the silk goods trade has ever experienced. Raw silk prices have advanced, owing to heavy de- mand, scant supnlies at Yokohama and the Chinese political disturbances. But they are still favorable to the manufacturers. REPORT OF THE CONDITION CHEVY CHASE SAVINGS BANK, At Washington. in the District of Columbia. at-the close 0f business on June 30. 1925, RESOURCES 1. aLoans and discounts. in cluding _rediscounts. ac- ceptances of other banks. and _foreizn bills of ex hange or drafts. sold with indorsement of this bhank 2. Overdrafts. secured. $288.16 unsecired. 8156 88 445.04 4. U. S. government secirities owned (including pre- miums if any). 15.806.25 5. Other honds. stocks. e curities, etc 107.922 28 . Furniture’ and fixtures 625842 7. Real estate owned other than banking house 25.027.22 10. Cash in vauit and amount due from national banks. 51.050.84 16. Other assets. ... 873.05 Total ...$455.233.73 LIABILITIES 17. Capital stock paid—in $50.000.00 10" Undivided profits . 4.376.44 24, Amount due to State banks hankers and trust _com panies in the United States and foreign coun tries 13.90 26. Cashier's checks o 14840 Total of items =4 5 5162 Demand deposits {other th hank_deposits) subject to reserve (deposits pavable within 30 days) 27. Individual” deposits subjent 0 check 214.880.61 28, Certificates of 'deposit due in less than 30 dase (other than for money borrowed ) k 500.00 31. Dividends unvaid: . 1.003.00 Total of demand’ deposits (other than bank deposits | subject to reserve. items 27,28 and 31.$216.383.61 Time deposits subiect o re payable after 30 subject o 30 mare’ notice. and Dostal eavings) 33. Certificates of deposit (other than ‘for money bor- rowed ) 4.350.00 35. Other time deposits 180161 38 Total of time deposits sub. jeet to Teserve. items 33 and 35...$174.311.38 Total District of Columbia, @ity of Washis I J EZRA TROTH. cashier of the above: named bank. do wolemnly swear that’ the above statement in trie to the best of my knowledge and hehe! J. EZRA TROTH. Cashier Subseribed and sworn to before me this 10th day of Jult, "TH25 3 (Seal) GEO. H._ MORRIS Notary Public Correct—Atiest PATL SLEMAN FRANK STM) FREDERIC ERNEST TARRINGTON irectors. Charter No 1928 Reserve District No. 5 BEPORT OF CONDITION th, FARMERS AND MECHANICS’ NATIONAL BANK | At Washington, in the District of Columb at the close of business on June 30, 19 RESOURCES 1. a Loans and discounte. in discounte.” ac ices of ther hanks oreien hille of ex ange or drafts sold with indorsement of this bank S1.856.576.50 Total loans... . $1.556,576.50 verdrafts, unsecared, $241.42 241.62 4. U8 Government securi- s owned a Deposted 1o seclre cireu Tation (U. 8 honds par value) $250,000.00 DAl other United States G overnment securities (in luding pre miume, if any ) 108.792.10 1 - 358.792.10 bonds. stocks, se ete. g 1,140,141 house. ' " '$355 furhiture and fixtires. $23.071.90. 379.327.23 Real estate owned other than banking house.. 40.260.80 Lawful reserve with Fed eral Reserve Bank 182,760.14 Items with Federal Reserve ank in process of col- ction 16.831.85 Cagh in vault and amount dug from national banks 142.834.06 Amolint due from _State ks, bankers and trust companies in the United States (other than i cluded in items 8, 0 _and 10) Exchanges ' for’ clearing house 43,007.38 Checks on other banks in Tt Yo 987 at Sl & reporting bank (other than Ttem 12) Tout o, ltems o, aChecks and dratis on banks (in cluding Fed eral Reserve Bank) locat ed outside of ity or town of reporting bank . $1.203.02 bMiaceTial neous cash jlems . 8.865.95 5.606.51 R 106,37 15. Redemption fund with U s FronTeaursr and ’due fom U. S Treasure 2.5 16. Other asséts. if any. . 538087 Total LIABILITIE Canital stock Daid in. $252.000.00 us fund . A T ded . $102.563.2: . 208.000,00 £ and n. 44.520.30 147.083.62 20. inter- est. etc., accrued ..... 16,873.00 21 Circulating notes outstand- ing 241.600.00 22. Amount due to Federal Re- Rt B lderred 24. Amount diie o 'S tais S banks. bankers and trust companies in the United States and foreign coun- Irdlel 410‘:her212hm includ- 25.230.78 ed in m v T 1230 25. Certified checks outstand- i 8.876.45 26. Cashier’s checks “Siiatand- e 5.413.30 2843 284 % 25 an { fl‘ Demand. deposits " (other than bank depos sub- Ject to reserve leposits - el Within 40 davs) 27, tndividual Geposits’subject 10 cheek s bonir. . Dividends unpaid . Other demand deposiis. . Total of demand dgposits (other than ban de- Dosits) subject to re- serve. Items 27, and 32 110 .81 32 . $1.90 Time ‘deposits “subject to reserve - (payable after 30 days or subject to 30 days or more notice and savings) : 33. Certificates of deposit oth- er than for money bor- row 35. Other time déposits G6. Pogtat eavings deposits Total of "time _degoi sublect to reserve, Jiems i1 Bille l:l 8p3.388.85 all oblizations Tepresent: ing money borrowed other than redi counts) Total 20.000.00 L..... 8421213601 District of Columbi of Washington, H. SEL ?A cashier of the sbove- nasied bafk. Go SRl awear ‘that tue above statenient is tille Lo the best of My knowledge and beltef. H. L. SELBY. Cashier. Subseribed and _eworn to before me this sl " PuetERic W, SEIBOLD, Correct—Attest, e. REPORT OF CONDITION the NORTH CAPITOL SAVINGS BANK, At Washington, in the District of Columbia at the close of business on June 1 RESOURC ans and discounts. cluding rediscounts. a - cevtances of other banks and foreign bills of ex- change or drafts. sold with indo ‘sement of this, bank s aa 3 Overdratis. uhecured i S. Government securi- tins owned b All other United States overnment secur itie s 10.Cash in vault and amount due from nation: 11 Amount due from State banke. bankers and trust companies in the United States (other than in- cluded in item 10) 12. Exchankes for clearing tem = $4.333.52 and ' devosits (other than bank deposits) sub. ject to reserve (de. Total of 25, Dosits pavable within 30 Gave! Indiidual deposits subjeet to check 505.005. Dividends unpaid 3850 Total of ~demand " ‘de nosits (other than bank deposits), subject 1o re serve. 27 " and 31 500 546.07 Time drnn--i- subject to re. serve (payable after 30 or_subject 1o onge) of eposit 33 (other than for money borrowed ) 5. Other time deposite Total of time deposits subject to_reserve. Iteme 33 and 35. $812,071.76 Total $1561 44 Cits of Washington. District’ of Columbia. 1 FHEODORE MICHAEL. president of the above-named bank. do solemnly swear that the above ".um'd“‘fflllll I'I'HP to the best of rowiades and el sl FODORE MICHAEL. President &uhwrlhe'd and jeworn (0" before meo. his uh day of Julsy AT RMIN ROBINSON. (Seal,) Notars Public Correct Attest &b § " WiksLow GEQ. E. PHILLIPS. A0 PAU GE ALl W & S ) z > Directors. (including premiums. 11 any ) gk : 6.869.60 5.0ther honds. stocks. se- curities, etc. 109,095 53 6. Banking _house. furniture and fixtures 66.923.20 7.Real estate owned ‘other than banking holse 17.108.27 banks 103.676.60 house i Total of items 10 "ii and 12 $137.162.50 14. b Miscellaneous cash items Total ...l 8156144207 LIABILITIES 17. Capital stock paid . 90.000.00 18 Surplus fund Z 45.000.00 19 a Undivided profita’ 10°300.87 25 Certified checks outstanding +.333.62 You want to know that the priacipal safely invested, and that your interest payments will By made the day due? CAFRITZ First Mortgage Notes = will fy your wants in every! detai’. We invite your inquiry | concerning our investments, which/ are now paying 613%. Write for booklet. €. 1. 0'Donmell, Mgr. Morizuge Department | [CAFRITZ COMPANY ] 14th & K Main 9080 | | * $ $ 3 3 : WANTED! SECOND TRUST NOTES Funds avallable 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 090060000004 200000066 FEDERAL AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JORN POOLE, President Read Our July Investment Booklet SEND 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. 7% SMITH BONDS are sold in 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 Years The F. H. Smith Co. Founded 1873 815 Fifteenth Street--Main 6464 New York Washington, D. C. Pittsburgh Phitadelphia We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The ‘Washington Loan and Trust Company 900 F Street 620 17th Street { | IMONEY TO | LOAN | | it —on First Mortgages on im- Il proved property in Washing- | | | i | ton. Current rates. Prompt service. ‘SHANNON & LUCHS 713 & 715 14th St. N.W. starte We wishe HOW TO INVEST $250 BEST Many great fortunes were of less than $250. with absolute safety. $250 will buy one of OUR FIRST MORTGAGES yielding 622 % SAUL CO. d on an initial investment welcome any one who s to invest $250 or more 925 15th St. N.W. FINANCIAL. w9 REAL r.snfir. me o m:s!m:\cl: LOA S AT LOW RATES = Dth L FRED-T. NESBIT 'TMENT BLDG Main 9392 Business Properties MORTGAGE Loa:s oANor521 Comnecticut e nue, g R R e R R AL wmflnmmmmmmmrr‘m@fiimmammmm[’n@— Money to Loan | Secured by first deed of trust on rea) estats. Pre\.uhlu interest and commission, Promp! 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They appreciate, after repeated experience, that our Notes pay 61lg per cent safety. per cent interest, plus 100 Maintenance of our relations with old ients is a vital element in our business. In this, our record ot more than 56 years without loss to an investor is more weighty than any argument. TZELL.RHEEM ¢ HENSEY (0. S B Sreer. NW Cashington.D.C. 56 Years Without Loss to An Investor Equitable Co-operative Building Ass’n JOHN JOY EDSON, Organized 1879 ..$4,942,13268 Surplus Subscriptions for the 88th Issue of Stock Being Received 'SHARES The Best Way to MONTH 915F St. N.W. 912 15th Street President FRANK P. REFESIDE, Secy. 45th YEAR COMPLETED $1,317,011.44 SAVE —is thru the Equitable’s sys- tematic saving plan. that achicves gratifying results. It is a plan Whether you are saving for a home or the future— JToin Today. FOR INVESTORS MORTGAGE NOTES IN CONVENIENT DENOMINATIONS ON IMPROVED PROPERTY in DISTRICT o+ COLUMBIA H. L. RUST COMPANY Main 6888 Lowest Rates of Interest and Commission s L A R A S R R T T B R R R 'Bérryra I (RIS IR ST .’