Evening Star Newspaper, August 1, 1925, Page 19

FINANCIAL. HEAVY RAINHELP TO NEARBY CROPS Late Potatoes Benefit Most, Reports State—Prices | Steady in Market. Additional wet weather gives prom ise of an abundant supply of late vege- tables. There was rain enough Thurs- day night and vesterday to give near- by farms a good drenching and, farm- say, will continue to keep vegeta 'mn growing fa nother week or two, even should there be no rain during such period. Growers report the rain as boon to late potatoes. The of potatoes was almost a complete failure, according to reports, and high prices still prevail. Both growers and dealers think there will be no such failure with the late crops, however, and that ch per prices will prevail Butter prices experienced a slight advance during the week, while chick- en prices experienced a corresponding decrease. Meat and egg prices re mained stationary, and there were r- plus supplies of cantaloupes, water- melons and several varieties of vege- tables. Today's Wholesale P 49; being a rly crop tub, 31 elected, candled, 32a average receipts, 30a31 live, Spring Leghorn 28a; Butter—Fanc prints store packed Eggs—Fan 34 large, 33a3 éh«rkex < ducks, 16: dressed 45; smal, 40; geese, 15 Live st Spring turkeys, 30; k—Calves, 8152101 : lambs, 14; hogs, 15. —Beef, 17a18; veal 30a hogs, 21%a smoked shoulders Fruft and Vegetable Review. Today's market report on fruits| and vegetables (compiled by the Ma: ket News Service Bureau of Agri- cultural Economics) says Cantaloupes—Supplies mand light, market very weak: Cali- fornia, Imperial Valley and Arizona, ripes. many ft, Salmon standards, , best, mostly 1.5 some soft, 1.00a1.50; best mostly almon Tints, pring heavy: de- Jumbo: 2.00; fi good condition, 90: , standard crates, best, some slightly green, Casabas, standard crates, ordi- v condition, $1.50a2.00; flats, 1.75a2.00; North Caro- Salmon Tints. condition other sections, 45s, 1.00a1.50 and Maryland quality generally good, 3 and s and 455, light firm demand New York Boston type, Lettuce—Supplies moderate, market two-dozen crates, Big ordinary quality, 1.50 Onion Market Steady. | Onions — Supplies light; demand Hght; market about stendy: Massa- chusetts and Tow 100-pound sacks, | 50; mostly 50. Supplies liberal; demand | "\J)I\nl about stead; North el haskets, bertas. large size. and few El sixes, Elbertas, medium size, some poor color, 2.00a 2.50; Belles, large size. hail marked 175 South Carolina. bushel baskets. Belles, Elbertas, large size, fine quality and condition, 3.00: Georgia, sixes, Il- | hertas. lar e, mostly 75; medium size, Virginia, sixes, Cal mans, medium sizes, mostly 1.50. Peact limited Carolina. la s berta ize, small to Potatoes—Supplies market s oderate 30-pound sacks, Irish Cobbler No. 1, 6.00a6.25 Apple Demand Light. Watermelons 1pplies liberal; de mend slow, market dull: sales direct to reta South Carolina, Tom Wat- | sons. pound av 3 24-26 | pound average S pound aver- age. mostly 45 each Apples—Supplies light, market dull and and Virginia liberal; demand Delaware, Mar bushel baskets, v tly 1.50; few . Wealthys and Maiden | Homegrown receipts | moderate; demand moderate, market | rm; homegrown, half-bushel hampers, | SAVANNAH BREAKS i YEAR’S COTTON RECORDS | SAVANNAH. Ga ). — cotton for the | vesterday 8,154 | xports t 461,805 for The exports to show a decline. show a big ad- August 1 receipt ending to vance The value of nnah this 2,146 aj Germany cotton handled ason amounted t $67.189,782 for in to the OWENS BOTTLE PROSPERS. NEW YORK. August 1 (®).— ens Bottle had a prosperous half ar, net profit advancing to $2,713,- 1. equal after preferred dividends 10 $3.66 a share on the common stock, compared with $2 59 in the first half of 1924, or § a share on the ommon COMMODITY NEW WIRED STAR FROM ENTIRE COUNTRY HAVERHILL. Mass.. August averhill shoe plants have experienced arp increase in orders for Fall business, and many are contemplat ing_expansions. A shortage of help | is reported both in shoe and wood wheel industri CHICAGO. August 1 —Exports of evaporated milk during the last month totaled 14,65 pounds, compared with 6,770,000 for the same time a vear ago. Germany took 6,435,000 pounds, accounting for the large part of the increase. KANSAS CITY, ‘August 1.—A slight let-up in the local flour trade is re. ported here due to the weakening of the wheat market and expectations of buyers that flour prices will come down FORT COLLI . Colo., August 1.— he Scott well on the Fort Wellington dome has come in with an initial flow of 1,200 barrels daily. The Texas Pro- ducing Co. is considering the erection of a refinery at Craig to care for pro- duction of its wells in the Moffat fleld. Query ‘the Prometer. Determine how much of his own money the promoter is putting into his scheme before you decids to risk yours. Don't take his word for it— make him prove it | kept Ito s NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNAN. NEW YORK, August 1.—In today's brief session the curb market main- tained the note of firmness that has been characteristic of it throughout the greater part of the week Motion picture and related stocks were prominent. Warner Brothers Pictures class A established a new high record when it reached 19%. The buying of Pathe Exchange class A on, although the stock was a good distance from its top. Fox Films advanced, but improvement was less pronounced. The report of the New Jersey Zinc NEW YORK, August ing is an official list of stocks traded in on the Curb Market tod: ales in BONDS, ukands 99 Am Gas & El 6s. 13am Ice 7u 1|- Am Pow & Lt u. 1.—Follow- bonds _and New York h 01 % mx' 10: 20 Detrojt Ci Jetroit FERE P S Zrornesssssann o0 E2SSSRSBEEREEEES2RRE2E3Y PO T DRSS! SEHS3EELESEREESE SIEEAT 19 Switt & Co’ by Transcont Ol Idal Osace 78 S Rub 6158 '3 7S Rub 6148 S Rub 6148 S Rub 614 Ipine Mont £y Berlin 6158 Wi ty Colog 6ias wi Ext R R France 7s rench Nat Ta .. nd M_Bk Finl 7s ethl 8a '54 107 Krupp Fried L 7s 88 T aorhx Cile § rov Upper Aus 20 Russ G Bias X5 Slem & Hal 7a ‘35 0 13 Thye Tron & St 75 0213 3Toho E P (Ltd) 7s 90% STANDAED OIL 1 a3 99»1 6 3 A ] 5 i : 5:11 5 H 0 Gal Sig Oil.... . 00 Humble 0 & R 00 Imp Oil Can new 00 Intl Pet Co Ltd 50 Magnolia Pet 20 Northern P L 200 Ohio Oil .. 100 Penn Mex' ¥uel 150 Prairie P L 70 South Penn’ Oil 480 Valuimn Yori Sales INDEPENDENT OIL in hdrde Serv ptd e Guit Oil of Pa Lazo Pet Lion Ol Mex Panuco 3 Mount Prod 1 Mount Gulf W' Mex' Land 60 Noble Gas 5 Peer Oil Corp 2 0 s PS> SPESREE Wi i 32 S B et Bee B B80S o g 10 Acme Pack Gas & Flec Lt & Trac Pow & Lt'n Rayon Prod Superpow & Superpow Thread pf. . 15 Asso Gas & Elec ? 5 Atlantic Pruit Beld Bros & Co Blackston P P 2 Bridgenort Mach Iyn City f Gen EI C SRS #* “hapin Sac Chatterton & S mane. B C ot “ommon P C niew ommonw_rte ‘onsol G Bal new 4-1 {STOCK MARKET TRADERS ARE Business Conditions May Be Overdiscounted—High- er Money Doubted—Foreign Exchange Steady—The Outlook. BY STUART P. WEST. Special Dispatey to The Star NEW YORK. August 1.—Further indications appeared in the Wall street operations of the last week that the market was slowing up. A week ago it was noted that price averages were up little as compared with the weeks before; that they would not have been up had it not been for the spectacular { rise in some of the high-priced indus- trials. During the last week the price av- erage has come down for the first time since the early part of June. The average decline has been small, but the significance is that on the first | occasion in nearly two months stocks refused to ad¥ance and rather were inclined the other way, despite the en- couraging character of most of the trade news. Bonds Sag. Too, During Week. The bond market, t0o, has been va- riable, with certain speculative issues prominent, but with the main part of the list disposed to sag off. These movements mean one or more of three things. Either there is to be an advance in money rates sufficient hdue the investment spirit in the bond and higher grade stock lists; or, second, the rise since the 1st of April has overdiscounted business con- ditions: or, third, there has been too much speculation, especially among the public utilities and varlous indus- trial shares, which are easily put up | because of the small amount available | for_speculative purposes. The comparison has to be made with a percentage close to 40 for the 12 reserve institutions at the height of the big speculation in the Autumn of 1919. Despite all the talk about over- | expanded brokerage loans, there is no resemblance between the present Wall street situation and that of six years ago. Actually the resources of the Federal Reserve, which then were drawn upon to the limit, have now scarcely been touched. Business Holds Well. There seems to be no doubt that the business of the country in general is holding up exceptionally well at a season when a decrease ordinarily occurs. Dun's review ex- presses this fact conclusively when it says: “On the whole, results i July, which is traditionally a quiet perlod, were better than had been antici- pated, and a new month opens with encouraging prospects.” The steel trade summaries have told the same story—en unusually large volume of incoming orders, chiefly because of the actlvity in F AR ’fHE EVENING 1 ¢o. for the second quarter showed earnings equal to $3.20 a share, against $3.33 a share In the first quarter. Net for the first six months equaled $6.54, against $8.03 a share in the same pe- riod last year. Offerings following the publication of the report were limited and were absorbed at unchanged prices. A feature in the oil group was an advance of almost 3 points in Humble Oil. The feature in the rubber group was a further advance in the high-priced Miller Rubber, but others did little. Public utilities continued in good de- mand. 2 e SO S anagn G"G&E conv pi o e 3 Gen G&E 16 0utd o 3 Giligia S b3 # Godyear. Tm Grimes R & C ok RRg Hazeltine - Corp 1 Intl Coner Ind C 5 Intl Match C of. 3 Intl Mateh rte. . 53 Intern Dtil B. 1634 Johns Manvilie vinator Do 1Y il bt 3 W U pr lien 34 Miller Rub Mot Meter A 8 Mohawk Valiey ot Pic Cap Cpf Master C.. TRt P AL BB ket RN e 23 xsDhnmon R aEeat . ooy 2D o SR SR 1 O ¥ 225 3 ZEZ340T35 FrE FIE SFRE F bein wai o o161 Eow' dor ¥ Y0 My Pow Cor N ¥ rts Purity "Bak & Reo ‘Mot Rova' Radic FEME P theast P& 9% Sou Cal E B 80u Cities Uil 1 Sou Cities Ut vi: SV Reein” Paver and Ean G A i Motor A T 1 & i Thermlod Radio’ 3 Thompaon R ‘axle Tion -Carbide G & E new. 1 pow A1 L& P A s hiver Pie, . Sach varer Br Pic A est Power bi. MININ 10 Ariz Globe Cop. Canario Copper Cop Mines. e Extens 10 x.\ Cogper Corp wmont Mining JaZine Ohio Cop arhead Gold Gol WEEKLY BANK REPORT. | NEW YORK, August 1 (#).—The| lactual condition of clearing house |banks and trust companies for the lurek shows excess reserve of 046, 19 This is a decrease in reserve of $36.798,210, compared with last week, when ' excess reserve aggregated $61,845,150. | CEUDE RUBBEB ADVANCES. NEW YORK, August 1 (Special). Crude rubber advanced 3 cents today to 96 cents a pound. which compares with 793 a month ago and 23% last vear NEW TRADING STARTED. NEW ORLEANS, August 1 (®).— Trading in cottonseed oil for future delivery was inaugurated in New Or- leans today, and the first trade after spirited bidding resulted in a_sale of October delivery at 10.70. The new futures market was started by the New Orleans Cotton Exchange, and {the trading ring was established at one end of the big cotton trading room. SLOWS UP; MORE CAUTIOUS the automobile trade, a stabilization | of prices and an outlook for larger profits. On the other hand, the market has had a very considerable advance. The average last Tuesday was over $4 a share higher than at the begin- ning of June, and it was much the highest of the year. The " decline which occurred in the latter half of the week was comparatively trifiing. Stocks, taking the general run, are still well up to top figures, and it is a question how far the rise since the beginning of April has dis- counted the improvement in outside trade. Some good judges think the stock market advance has over- measured this improvement. Good News Falls Flat. At rall events, it was clear from what happened during the week that favorable industrial news was falling flat. Nearly everybody had anticipated a United States Steel Corporation re- port for the second quarter which would show a decline as compared with the results of the first three months. As it turned out, the sec- ond quarter earnings were larger, and the same thing happened with the Independent steel companies. They ‘were all drawing, of course, upon the business booked in the past. But the main point was that they were able to make out much better than expected during the interval of low prices and supposedly small profit margins. That the steel stocks made no response to these trade de- velopments was something which came in for a good deal of comment. Foreign Exchange Stable. For a month forelgn exchanges| have been virtually stationary. In the case of sterling, this is gquite understandable, because the efforts of the Bank of England since the last week of April, when the gold basis was resumed, have been most successful in building up the reserve. In the case of France and Italy, the stabilization around current figures means that speculation has for the time being been suspended. With the French, the new adminis- tration has frankiy recognized the full indebtedness and has made pro- posals which, if put into effect, will really balance the budget, but it is still a question whether these pro- posals will be carried out. In Italy the uncertainty concerns political rather than economic conditions. There is little doubt that the Italian financill situation, as compared with 136322373 |current dividends are generally small. what it was two or three years ago, is distinctly better. (Copyright. 1925.) 'STAR, WASHINGTON, COTTON QUOTATIONS GENERALLY LOWER Hester's Consumption Report Starts Rally Which Fails to Hold Out. By the Associated Press. g NEW YORK, August 1.—The cot- ton market was generally lower early | today with the exception of one brief rally which was attributed to Hester's figures, estimating consumption for the year at 14,247,000, compared with 11,241,000 last year. The market opened unchanged to 14 points lower, with- New Orleans brokers good sellers on reports of further rains in Texas. Liverpool also’ was a seller here, with commis- slon house pressure based on the be- lief that recent rains have put most of Texas in condition to withstand a considerable spell of dry weather un- }'uim‘h temperatures become unusually iigh. October advanced to 24.45 and De- cember to 24.50 on the rally, but al- mostimmediately reacted 10 points and near the end of the first hour the market was heavy, with sentiment bearish, New York cotton futures closed barely steady at net declines of 20 to 26 October December January March May Opening 24 437 January, New Orleans Qumulonm NEW ORLEANS, August 1.—Cot- ton futures opened steady. October, December, 23.73; January, March, 23.82 bid; May, 23.90 bid. New Orleans cotton futures closed steady at net declines of 17 to 21 points. Low. May, Close. Qctober 5 December January March May PATIENTS ROB DOCT DOCTOR TWO GYPSIES SUSPECTED Physician Misses $20 After Bril- liantly Clad Women Leave His Office. & Two gypsy women visited Dr. Thomas C. Martin at 1107 Sixteenth street, a consulting physician, yester- day and after their departure he missed $20, according to his report to_the police. The women informed him that another physician had sent them there for treatment of stomach trouble. After a brief interview the offer was made by them to read his palm, which Dr. Martin refused. He said he had a roll of bills on the table in the room in which the interview was held and that he was obliged to leave the room for a short time. After returning, he said, he picked up the bills and put them in his pocket without counting them. After the women left, however, he counted his money and found two $10 bills missing One of the women was about 30 vears old, about 5 feet 2 inches in height and welghed about 130 pounds, while the other was about 40 vears old, rather stout, about 5 feet 3 inches in height and had a scar, evidently from a stab wound, just above the breast bone. Both were dressed in brilliantly colored red and tan gypsy costumes, FIRST 2,000,000-SHARE DAY SINCE LAST MAY NEW YORK, August 1 UP).—A wild outburst of builish enthusiasm in the early days of the week carried scores of {ssues to new peak prices for the vear in the stock market, but a sharp reaction set in during the closing days of the week which wiped out or re- duced many of the earlier gains. Op- erations for the rise continued, how- ever, in several specialties in which favorable developments are believed to be pending. Trading was on a broad scale, the week producing the first two-million-share day since the latter part of May. The reaction was widely construed as a correction of a weakened tech- nical condition in the absence of any | adverse general news.developments. DAI}Y PRODUCTS. BALTIMORE, Md., August 1 (Spe- clal).—Live poultry—Spring chicke: a34; Leghorns, 22a28; 0a28; Leghorns, 20a22; roosters, 15a16; ducks, 14a20; young ducks, 20a pigeons, pair, 25a30. Eggs—Receipts, 886 cases; firsts, dozen, offered at 32a33. Butter—Good to fancy creamery, pound, 40ad5%; prints, 46a48; ladles, 34a35; store packed, 31a3l%s; dalry prints, 31a34; rolls, process butter, nearby — CITY TO RUN BVSSES LANSING, Mich., August 1 (Spe- cial)—The Circuit Court has granted the city of Lansing the right to oper- ate bus lines within the corporate limits. Bus operators sought a permanent injunction to prevent it. LIVE POULTRY Lom CHICAGO, August 1 (®).—Poultry, alive, lower: fowls, 17%a24%; broilers, 20a25; Springs, 27; roosters, 14%: turkeys, 20; ducks, 20a23; geese, 13a19. EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. Bank Stocks in Favor. In recent months bank stocks have come into unusual favor as invest- ments. This is partly due to the prominence given in the financlal pub- lications to increases in dividends on bank stocks and the resulting rapid appreciation in market price. The large sums of money available for in- vestment in the past half year have also made bank stocks more attrac- tive, as the price of conservative bonds has steadily advanced. There are some advantages in bank stocks over other kinds of invest- ments. For one thing the business of a bank Is comparatively stable. It depends upon conditions not in any one particular industry, but upon the|= prosperity of the community as a whole. Banks have small overhead, no labor troubles and are not ham- pered by inventory problems as are industrial corporations. The assets of a bank do not undergo price fluctua- tions as do commodities. Moreover, it is easy to appraise the value of bank stock. In the matter of safety banks stocks stand high. The Massaghusetts law allows savings banks to invest a part of thelr funds in bank stocks. which is good evidence that they are regarded as conservative securities. Against these advantages may be set the facts that ylelds on bank stocks at prevailing market prices and The holder is compensated by the in- crease in the book value of his stock, which is sure to come over a period of vears if the bank prospers as most banks do. Eventually this increase in value s reflected in an increase in | svlvania market price. A stockholder in a bank may also reasénably expect from time to time stock dividends. (Copsright, 1925.) D, C, SATURDAY, AUGUST 1, 1925. TRADE NEWS G0OD DURING PAST WEEK Tire Sales Heavy— Steel More Active—Coal and Wool Cause Concern. BY J. C. ROYLE. Special Dispatch to The Star NEW YORK, August 1.—Business has had a good week. The prospects of a profitable corn crop have out- weighed discouragement regarding Spring wheat. Live stock is moving splendidly, and cattle, sheep and hog growers are feeling more optimistic than for five years. Steel is in re- markably good demand, considering the time of year. Lumber production is well under new orders. The cement mills are working at capacity Coal and Woel Weak. The pessimistic influences are rep- resented by the coal and wool trades. No one expected the anthracite wage dispute to be settled without extended conferences negotiations may be broken off before August 15 are not encouraging for Eastern consumers. The fact that Government intervention is promised is not sufficient to encourage senti ment, and even the recall of Secre- tary Hoover from California to deal with this situation has not sufficed to obviate the discouragement. The Department of Commerce has given vigorous support to the move to force England to allow larger pro- duction of rubber.. The head of one of the largest tire concerns, however, has declared that the Stevenson pla; ved the Industry from a terrific ad- nce resulting from refusal of grow- ers to make any attempt to meet mar- ket requirements. Tire Sales Very Heavy. The attitude of the Department of Commerce is emphasized by the fact that many of the tire companies have recently piled up the largest profits in their history. The Lee Rubber and Tire Corporation, for example, has enough orders on hand for solid tires | to insure capacity operation to Octo- ber 1 if not another buyer appeared The company regards the rise In crude rubber as A help rather than a detriment. This company was the first to advance prices Akron rubber companies are coveregd on crude rubber requirements for a large part of this year and anticipate a sharp rise in earnings in view of the fact that retail prices have been raised 40 per cent. Goodrich, Good year and Mason have reported un. usual prosperity in the first six months of the year and Seiberling is expected to announce shortly that its sales have been larger than ever be. fore. Steel Activity Spreads. | New stacks are being lighted in all | the steel districts. Thid betterment fs specially noticeable in the Mahoning Valley and in the Birmingham district Lumber production is being speeded | up in the South and in Oregon Prices are stronger and the demand has improved materially in the last| week. | Consumption of electric power has! now come to be considered a new vardstick to measure business condi tions. Not a single central station in the last week recorded a decrease | in the amount of current furnished its | customers, so far as can bhe ascer-| tained here. The last month in Penn- | one of the great manufac- | turing States. shows an increase In[ the amount of power used nearly 25 per cent | Motor Bus Orders Gain. 1 The motor industry has profited ma terfally In the last week from the| tremendous orders for busses and trucks which have come on the mar ket. The White Motor Co. of Cleve. | land sold New York City 97 heavy e and | rubbish, which will trucks in service by the municipality. The good will and trade name “Haynes” proved itself a big asset this week when the Haynes Auto Co. sold its inventory to the General Parts Corporation of Flint, including the right to use the name on service prod- ucts. The daily production of the Hudson and Essex factorles in the month ending vesterday | undoubtedly will show a production of over 30,000 cars. The company {s expected to show sales of 87,000 cars in the quar- ter ending August 31, on which”the profit is estimated at not less than $70 a car. (Copyright. 1925.) STEEL BUYING PICKS UP. | Industry May Reach 75 Per Cent of Capacity in September. NEW YORK. August 1 (#).—Opera- tions of subsidiari®s of the United States Steel Corporation have in- creased this week to an average of 68 per cent of capacity, compared with | 62 per cent last week. Although prices | are considered still unsatisfactory by steel executives, improvement is re ported in the volume of buying. Better railroad buying is antici- pated, several inquirles having ap- peared. Structural .steel purchases continue at a fair rate. Conservative steel men look for operations through- out the industry to reach 75 per cent of capacity by September. NET INCOME INCREASED. NEW YORK, August 1 (). —Net in- come of the E. I. du Pont de Nemours| & Co. for the first half of 1925 in- creased to $10,971,732, in comparison with $7.610,089 on the same period of 1924. This was equal after debenture dividends to $8.38 a share on the com- mon stock, compared with $5.84 a year ago. Profit and loss surplus on June 30 was $58,314,778, against $55,851,490 at the close of 1924. Net sales for the half year jumped to $56,613,212 from $47,761,249 in the first six months of 1924, WALL STREET NOTES. NEW YORK, August 1 (#).—The International Paper Co. has cleared its bank loans with a payment of $3,-, 200,000 in July. Surplus of the New York, Chicago and St. Louis (Nickel Plate) increas- ed its surplus for the half vear to $2,- 826,344 from $2,353,845 a year ago. 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. Prompt Action First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. 738 15th Street First Mortgage Notes FOR m Cfl\gl'l.'l' (_'5_'!' YOU THOS. E. JARR.ELL Washington k Building 721 nnh'it. NW. But the indications that | £ reaching | == | Becured by first deed of trust on real estate. mmission. CAN LOAN YOUR MONEY IN ANY mounts ‘that will pay you 8 per cent nually. secured by firs moftesse real Abpiy, 908 Metropolitan” Bank Bldg. ' Phone Main 134 FEDERAL-AMERICAN NATIONAL BANK RESOURCES, - $14,000,000 1315 F Street JOHN POOLE, President For Idle Money ldle money—like idle hands— xoon xets into mischief. ¥ou WORK Immediately by inv ing In ome of our caref: First Mortgage ) Convenlent amounte $100 up. earning 6% %. Chas. D. Sager Main 36 924 14th St." Capital One Million Dollars 14th & H Streets FIRST MORTGAGES FOR SALE Denominations of $250, $500 $750, $1,000 and Upwards 6%2% Loans Made on Property Located in the District of Columbia JAMESF. SHEA 643 Lou ———— 22 WANTED! SECOND TRUST NOTES Fundy available for the pur. chase of all kinds of hotes, kecured on' D, G or nuflg Tt cmior®S Fromis " serion every case. Washington Investment and Transactions Co. 715 Yath St. N.W. Main 3662 Al 30“0000“000 i MPLE Funds vailable for Loans pplications Invited On 1st and 2nd Trusts Lowest Interest Rates Call Main 5904—Loan Dept. N. L. Sansbury Co., Inc. 1418 Eye St. N.W. Money to Loan Prevailing interest and co» Joseph I. Weller £33,Wssh L. & Trae F TRUST NOTES AMPLY SECURED ON D. C. RESIDENCE PROPERTY A LIMITED NUMBER OF THESE 7% NOTES AVAILABLE IN DENOMINATIONS OF $250.00 AND $500.00 WM. S. PHILLIPS 1432 K St. NW. M. 4600 QUICK LOANS HOME OWNERS $150 to $5,000 on 1st, 2nd and 3rd Trusts In _Three Days ! DISTRICT TOAN Plocfi%xlm’ co., t. NW. _ Oven Eveniass 7 o 5. Tal Maln 4438, FINANCIAL. {National Mortgage & Investment Corporatio 811 Vermont Avenue N.W. Deals in the Best Real Estate Securities First and Second Trust Notes and Ware- house Receipts are purchased at fair rates Its 7% First-Mortgage Notes, SECURED byGléngrovefl District of Columbia Real Estate, Are a D INVESTMENT. Offered in denominations from $250.00 UP. 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 Business Properties _ Apartments Office Buildings 572% ON APPROVED SECURITY Apply RANDALL H. HAGNER & GOMPANY MORTGAGE LoaN GORRESPONDENT $25.00 will start you It is not necessary to have a large amount of money in order to buy a FIRST MORTGAGE Over a Cuarter You can begin with as little s $25, and by regular deposits vou will find yourself the owner of a $250 Mortgage in only ten months. The plan simple of a Century Without a Loss = verv B. F. SAUL''CO. Main 2100 925 15th St. N\W. Consideration When- planning to invest funds, whether for one’s self or as trustee, is to be assured that the PRINCI- PAL IS THOROUGHLY SAFEGUARDED, This characteristic is a prime factor in all of our FIRST MORTGAGE INVESTMENTS-— and still they earn the liberal rate of 6!4%. interest. Denomi. nations $100 up. 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 Sustained Satisfaction ILLIONS of dollars of First Mortgages of- fered by this Company comprise the hold- ings of thousands of satisfied investors, The source of their satisfaction lies in the fact that not a penny has been lost by any investor through Notes handled by us. And, in addition, they find satisfaction in the fact that every interest payment is sent in order that they receive it on the day it is due, without fail, so that their income is not only assured, but it is prompt. The next time you have funds available for investment you will find it worth while to con- sider our First Mortgage 6% % Notes. o A L ahsm@mnc 56 Vears Without Loss to An Investor.