Evening Star Newspaper, August 29, 1925, Page 11

FINANCIA PRICES HOLD FIRM 3 movement was unusually narrew to- ' . |92y and the number of features Downward Trend Noted in|smaller. Stocks of electric refrigera Wholesale Market—Meat tor companies made no attempt to contirue their rise, the radios were Unchanged. neglected, motion picture shares | merely fluctuated around the Frida | cloaing levels and the industrials were |1eft to drift for themselves. | The public utilities gave a better ac- count of themselves as a group than Ruyers were out early this morning, AN other. Western Power rose al- Aue o the dav being a half-holiday | most three points, Power Corporation and buyers wanting supplies for Sun.|of New York a like amount d day and week end outings. e The week's market closed with! NEW YORK. August 28.—Follow- ~ prices practically the same as at the|ing Is the ofocial Hat of bonds and opening. Meat and poultry prices|stocks traded in on the New York showed slight changes, the large Curb Market today: ceipts of poultry bringing down prices. | Sales in RONDS but not to an appreciable extent housands Prices of fruits and vegetahles b mained stationary or showed a slight | decrease. Cantaloupes continuad aspe- | cfally plentiful and cheap. as did cu- cumbers, peppers. tomatoea and| =quash | Dealers made a prediction of higher | prices for butter. while indleations in, the egg market were to the effact that | cheaper prices for the prod.ict of the | hennery will soon prevall Today's Wholesale Pric Rutter—Fancy, tub, 49; prints, store packed, 25a3l. Eggs—Fancy selected, candled, 33a average receipts, 34. Poultry—Alive—Spring chickens, | large, 32; small, 28a30: heavy fowls,| 26: medium fowl small towls 18a20; ducks. 20a25; keats, 40a7 turkevs. 11a12; geese, 12a15. Dresse Spring chickens, large, small 30; ducks, 20: geese. 15. e stock—Calves, 11alllz: lambs, | Spring, 133;a14: hogs, 1413 | Meat—Reef, 17218: veal. 15: Spring, lambs, 30a32: hogs, 21a22: loins. 35a 36; smoked shoulder. 20: hams, 30. | Fruit and Vegetable Review. | Today's market report on fruits and | vegetables (compiled by the Markei | News Service Bureau of Agricultural Economies) says Sales to 8 AM. Apples —Supplies moderate, market stead Maryland, bushe] bask vieties, large size 41.73: mostly | around 1.50: small to medium sizes. | 5021.00: Grimes and Jonathans, few | arge size, | Cantaloupes—Supplies moderate; de mand moderate, market steady: Mary- | land, Fast Shore. Hearts of Go'' | standards, 365, 1.50; jumbos, 38, 1.75a | 2.00: flats, 125, 75. Grapes—Homegrown. racsipts mod- | erate and supplying the market for | Eastern stock. Lettuce—Eastern supplies liberal: demand light; market dull. New York. | 2 dozen cratss Big Boston tvpe, A5a 5c. few low as 50c. Western supplies demand moderate; market Colorado. crates Iceberg type 25 "dozen, 2.50 . | Onlons — Supplies ~lizht: demand | 100 % light: market fairly steady. New| 908 s B e BEUSRR33T Toel 30 35 1037 MESP San A wi 844 AL 1 i 108 P& I8 98 N1 a9, e 252323 9! 12 20 10; 5233535030 08 ExEREE SRSt P 23 i T 35235535050 993022251200 2332333338 o 5551 2 5 R 25993332 p0303! — ReEense SR e 2399355 093035300 Far P e 53350 293033390= 2332333332233 $223332333332333%53332333% »Rn23323233%, Sy ub agl un 6 oA Ruh 8120 %0 BR1s FOREIGN BONDE. Berlin 8., Graz n. | 15 Est R'R Franee 7a French Nat 3| FerE F; liberal; demand | Virginia and | various va- | 203 9-SoowomnnoN BITRC2BIRIZ2IRY n 1 & S 7 ‘oho EI Pw Ld 7a & STANDARD OIL 100 Atl Labos 800 AN Lobos nfd 10 Buckese P 1 100 Sheshr Mig 1400 Continant Ol new 100Gal sig o1 800 Humble O & R 300 Tmp O] Can naw 38 In L 2000 Intl Pat ¢ Lid 100 Ohia 01 & 1‘ 0% 6'n 25 a3 BB 3SR225AARRELS rrir s e~ 35335022 o eEBal I e T T T ] ARS35222EAANRRI5, S ;' York and Massachusetts. 100-Ib. sacks | $,0, Ohlo oia: vellows, U. 8. No. 1, 5.5083.65 ] o50% jne Peaches—Supplies liberal; demand| -00 ' acuum Oil limited: market fairly steady. Ponn| svivania and New .Jersey. Delaware| and Virginia. bushel haskets Elbertas. | 2.25a2.75; mostly around Call fornia, boxes Lovells, slack pack, fair ' color, 75a83ec FoS Saler INDEPENDENT OIL. STOCKS. in hundreds Serv Cities Serv pfd 25 Golumbian Synd 1 Creole Svnd 3 Enelid Ofl Co e SRS S Potatoss Cheaper. Potatoes—Supplies moderate: de. ! mand moderate. market slightly | weaker: New Jersey, 150-pound sacks | Irish Cobblers. United States No. 1 4.00a4.15: Michizan, 150-pound sacks et Rurals, United Statae No. 1. | 0 1 Pennok Ofl Coy 3 Reitar-Foster 28 Royal Can O&] 1 Ryan Con.... Cresk Prod ezuelan et 3 x 0&G nax INDUSTRI. Gas & Hawalian & Trac o & 1, new avon Prod Sweet potatnes—Suppliss limited: nand moderate. market dull: North Carelina, cloth-top stave barrels, yal low variaties, No. 1, fair to ordinary auality, 3.50a4.00 i Watermelons—Supplies moderate: demand light, market steady: dock sales, Virginia, bulk per 100 melons Excells and Thurmond Grays lacts. 35.00a50.00; primes, 15. ireen corn—Homegrown light; demand mode market stronger: homegrown, 5 dozen bags 25230, mostly 25 per dozen Tomatoes—FHomegrown supplies lib- eral: demand moderate, market about o BRIAEBRDD Bridge Car 1 Centri rec e 5 Commw P € naw v I3 EW YORK CURB MARKET L R ed by Private Wire Direct te The Star Office | American Light & Traction six points, | but these were exceptions to the gen- |eral tendency. Miller Rubber again { reached its high mark of 200. where it | was up five points, buying based on | the highly favorable earnings reported for the first six months. The .oll shares ignored the 25-cent-a-barrel cut in Pennsylvania crude quotations and in several instances fractional ad- vances were recorded. hapin-Sacks reached a new high on the move in response to the recent announcement that the stockholders had been offered an exchange of < on a share-for-share basis with | ‘rnnafl B, lv“nt' lll\‘- ontinen Bak 4. | 18 Continen ;.n 4148 3 Gont'l Bak ofd. . 1 1C0RR Coi.0 . 4 1 Curtias Aeoo M 2 Dubilier € & Rad rant ' Motor - Fisanionn. O & B 1"Fond .k 8n of 1 RO s o car Tnvest e h Serv. P Ser P e mSom e cfrimawec o FE OROPN~ rciaee S -3y 2 DR SR S m e I EX o E PR 3 r e T 1 uld Counler A o { Rl 1 Hunt Bros A 1 Intl Coner. 3 Int] Match 1iny Bl Aintl Uil B, 1 Johns-Mansville 1 Jones Radio Few sES L& 13 I R , B A DIN: I 132000 D =) » SRZ5EDonian: o mr ooz s R £ ks EPEIG SRR 2203 NE Baosenm Sgmite o SR T SRS A ¥ of i or In 106 Midvale Co.. 281 3 Millsr Rubner Motion Pic Cap C Monawk Val n. e @ Sesmmade-aattiiue? —w-Busedun Beumae S RPEE S B33 S RS B S 2Bk Do 3 Merchandise o Eon orth O Pow C Sor Sia P € war athe Ex e X owar Cor X ¥ rati & Tag ¢ g Sonnd B & 1. ) H Einiad » ad outheast P Southea P & ou Cal ou Dairies A ou Dairies K o Biircs tand Bun A tutz Mot . Swift Int) Swift & Co Tharmica nFa’ e omup R C vie. Timken Axle . Py 2250 P O > a9 N FEE e EY-Fet S LR B P T et 3 , Chem Tworth Mg Avne_Coal oat Power rellow Taxi X' MINING STOCKS. 10 Ariz Globa Con.. . 4 Canario, Copger ine .2, D e —aluames i » 2 [ s P2 30133 0 > Stee lymeuth La ed Warrior 2 oo oa=238508, & LI 3 o The Tllinois State Federation of La- hor will hold its annual convention at Champaign the week of Septem! steady; homegrown, half-bushel ham pers. 40a60. Lima beans—Supplies limited: de mand moderate. market firm: home. zrown, 32 quart crates, mostly 35 per quart. . RAYON STOCK TAKEN. NEW YORK. August 2% (Speeial).— Watson & White announce that the | jssue of 130000 shares of Tndustrial Rayon Corporation class A stock which they offered at $20 a share. ha Subscribed and books rlnsed. RATES ON BAR SILVEK. | i NEW YORK. August Bar sil . T114: Mexiran dollars BY STUART P. WERT. Special Dispateh to The Star | NEW YORK. August 28.—In spite {of the fact that the price average on the Stock Exchange the last week has | scarcely changed as compared with where it left off the week before, in- terest in the financial situation has centered In this market to the exclu- sion of almost evervthing else. Wall | Street has been at a loss for some time to detérmine the course of the share list and again thix week it got no | clearer view of the speculative posi- tion Money continued sasy. sxcept for a )slight hardening of rates In prepara- tion for the end-of-the-month require- ments. In the commodity marksta nothing extraordinary occurred, and the International situation restad on the debt funding negotiations. Bonds were quiet and there was a fairly sven bhalance of conditions nels. EVERYMAN’S INVESTME BY GEORGE T. HUGHES. Speculation in Oil. Few human activities so closely membla all mptoms of a well Asvaloped casa of Spring fever as does a number of penple go ahout the the way speculating In oil. Spring fever vie. time posses Aesire, of ahnormal which i€ ta aveid anv form of exertion. The oil Vietim alse has a high-powered desire. which is to get rich quick hy buving ofl stocke. | An to studving the oil situation and | obtaining some measure of dependahle information from reliable sources, the oil fever patient ix much like the| - Spring fever patieni. He doesn’t be. Dared with 73.36 per cent on August lieve in 80 much exertion. He has the | >, desire to speculate and a few surface facts. For several months gasoline con- sumption has been breaking all records. At the same time light crude oila generally have heen showing a decrease in production to svan al greater extent than has heavy crude. | Frequent utterances of oil men sav that no new fields of unusual capacity are apparently in sighi. For more than a year the prediction has per- xisted that oil stocks wonld have a hig advance moon. “It’s ofl's turn nex hax been a frequent remark. Perhaps a bull market in ofl stocks 1= impending: perhaps it isn’t. Al the writer is endeavoring io suggest is that the surface indications, recited ahove, are not sufficient information on which to base speculative enterprise, although many people undoubtedy speculate with no more information than that. Further, it is just as dan- | gerous a time now, as it ever was, to | risk money in weak. undercapitalized or inexperlenced ventures in ofl. If an oil stock market does come, it will be the holders of the stocks of estab- Jished, well managed ofl companies of Jong and wide experience who will get the larger share of the profits. The | dabblers and fledglings, as usual, will get little or nothing. (Copsright. Query the Prometer. Determins how muen of his own meney the prameoter ls putting Inte his seheme hafors you decids to risk yours. Deon't take his word fer it— "nk. Rim prove It. are an faver Stocks Reflect Caution. Stocka plainly reflected the spirit of caution with which the majority viewed them. Toward the close of the week the general average of quo- tations stood at 73.41 per cent as com- The peak for the vear so far was reached last Tuesday, but, from the high level touched that dav, stocks fell back sharply, accelerated by declines in some of the high priced issues which were fully as violent as the previous advances, Mixed Movement Bafing. In the early siages of a big forward imovement on the Stock Exchange the way usually is indicated by the grad- |ual improvement in first one stock and then another. If what has taken |direcrion ham bheen a reliable guide, |then it is possible that the position i |being reversed. that the slow recedin, imovement in the share list, enliven by wild fluctuationsa in a few stock has been the forerunner of a genera! and more severe downward turn. But all this, recent experience has shown, is mere conjecture. ‘Craders, emboldened by the high average the list has struck, have tried i their luck on the short side, but have been forced to abandon their positions in many instances and agree that the present market defled analysis and was dangerous to the extreme. Money Market Unchanged. Conditions in the money situation are egsier to appraise. There had been some fears that the Federal reserve would rvalse the radiscount rate, but these fears were shown to have no basis In fact. Call loans rose to 414 per cent, the highest in over six waek: hut the higher rates were ascribed to the increasing demands fer funds in the interior on aceount ?l erop-mov- 1925.) GREATER CAUTION IN WEEK’S STOCK TRADING in trade chan-| Iplace this past week in the opposite | DISPLAYED ?Fpar of Break After Long Rise Grows, Yet Many | Issues Sell at New High Price Marks. |ing requirements and trade | sion.* |- Rediscounts at the reserve bank #ained about $20,000,000 and gold hold- ings were lower, but these develop- meénts were normal. The.conclusion was drawn that the Federal reserve system, despite the great risé in stock excharige quotations, saw no real ba- sis for changing official rates, which, after all, 1s an emergency lever to be applied only when the highest bank- |ing authorities deem it necessary. | Rail Reports Encouraging. Wall Street-was very favorably im. pressed by the July ments of the railroads. thess were highly revenue state. The bulk of satisfactory. In most casex gross returns were higher | than for the month laat year and s | remarkable showing was made in nef income. For the roads which have already the aggregate during July increased | Approximately one.third over July, 1924. Based on property the figures indicate a higher return than in June and more than a full 1| per cent over a vear ago. Signs of Rural Prosperity. The earnings statements of indi vidual companies had a marked effect upon the respective rallway securities. There were sharp advances in this class of stocks, some of the notable examples being the ahares of raiiroads operating in districts which have re ported substantial increases in the agricultural buying power. The week end trade reviews stressed this phase of the business improvement. Dun's sald that thers was an “in- | ereased consumption of goods in the i rural sections and demands in some of the big manufacturing centers” in the South and Southwest. Coal Strike Discounted. The difference upon the hard roal operators and miners was reflected only in the stocks concerned. The Street long ago learned that the stock market Is not a sale on strike news. Accordingly, it was only the sales of the anthracite coal shares which were adversely influenced, while those of the bituminous producers and the rail- roads which transport soft coal were helped moderately. Grains and Cotton Slow Down. a minor part in.the principal com- modity markets. Wheat has loat some ground and the other grains d | have been heavy. Cotton shows pl 1v a minimum of speculative interes The trade expects a grealer crop { than the Government has estimated. {and the market has fallen to the lowest prices of the season. 17pon |'one point all sies are agreed and that Is that the 1925 harvest will be the largest in the past few veara. (€ovyrirht. 1925.) expan- | reported, the net nperating income in valuation | Speculation appears to . be .playing | BUSINESS 1S GOOD DESPHE STRIKES Fear Labor Disputes May | Spread Causes Worry. | Trade Reviewed. “ BY J. (. ROYI Spacial Dispateh to The Star. NEW YORK. August Evans, the base ball umpire, three strikes are “all there is. There isn’t any more.” Merchants, manu facturers, financiers, railroad execu. tives and business men could breathe . sasier today if thay thought that was trus about industry as well as bame ball. ‘There are a score of strikes in prog- rass or threatening in various sections of the country. Of these the anthra- #ite mine strike looms iargest, with | 168,000 men affacted. But there are textile disputes. shoe factory strikes, garment workers' strikes and baggage | handlers’ strikes In progress, and 'hn’ building trades situation still has plenty of potential trouble in it. Nome of these disputes in itself in of great importance. What business men_ fear is the trend toward wage and ‘condition controversies. Outside of these minor disturbing factors, however. the business situation today 18 a most satisfactory one. Larger Auto Output Likely. One of the features of the week war the response reported by dealers in all ! sections of the ecountry 1o the an-| | nouncement of new hody models hy ! the moat prolific of the automobhile “quantity”’ manufacturers. The new | types will not ba on view until next | | weak. but dealers already are slamor. | | ink for cars and the move is calculated | 'lfl increase the probability that mors |automobiles will ba produced in Amer. | {lca this year than ever before. The | iatvle appeal hasx been féund equally | #ffacious in helping the taxtile in-| {dustry back on its fest. in Improving | | the position of shoe manufacturers, and other guantity production linas, Better Steel Demand. | The steel mills, especially those in| |the Midwest. are reflacting better de. mand from farm equipment manufac- furers. Coal in many localities has been advanced in price. but this r flecta a seasonable frand at the mo- ment rather than the possibility of a shortage due 1o a strike. Ol price, out continued to he made in various| producing sections and sharp reduc. tions in the price of gaseline wers re. | corded in the last six days. despite the tremendous amount heing consumed. | | The incraase in sales can be judged | from the fact that motoriste in Kan- | sas City used 1.000.000 mwllons mors gazoline in the last three months tha in the corresponding period of last vear. | Electric Apparatus Boom. | Rales of electric apparatus have | been extremely heavy in the last fort- | night and the total number of electric | lamps which will be produced this vear will exceed 500,000,000. 20.—Billy | says Demand | [{m electric lamps and equipment Ill eapecially brisk on the Pacific Coast. In connection with electrical equip- | ment demand the strength of the non. ! ferrous metals was noticeable. Lead | especially was active and strong. Zinc | and silver were steady and copper is expected 1o do hetter. i Retail sales of clothing. hats and! |ahoes have been spurred by the ont ftting of hundreds of thousands of achool and college students in all see- | tions of the country | Silk Fabrics Selling Well. i | _Department atore trade. according | to dispatches today. is relatively more | Active in the smaller efties than in| {Néw York, Chicago and other large | centers. Textiles are slowly picking | up. The Rayon fabrics, which are in. | tensely popular, are proving of sub-| | stantia) assistance to those companies | | which were far-stghted enough to in-| jclude. artificial silk among their raw | | materials. Wool prices are well sta-| { bilized. | | Movement of fruit which is now ~= itremely heavy. is being supporied by the activity of individual and corpo- ! |rate canners ad preservers. Slicing of sugar heets in the far West has be-| |zun and there is every indication that | |sugar prices will suffer only slight fluctuations nuntil the canning season |is over (Copyright. 1926.) |0HIO OIL COMPANY | MAKES LOWER PRICES | FINDLAY. Ohio, August 21 (). The Ohin Oil Co.. has announced a reduction of 25 cants per barrel in {the grades of Wyoming and New | Mexico crudes. The new prices follow: | | Flk Basin, $1.90; Grasa Creek, $1.90: Big Muddy, $1.75: Lance Creek, $1.90 Rock Creek, $1.75: Mule Creek. $1.25: | Artesia, N. Mex.. §$1.45. Reductions of 10 to 35 cents winl made in Central and West crudes to | the following prices: Lima, $1.98; ! Indiana, $1.88: Tllinois, $1.87: Prince. ! ton, $1.87; Plymouth, $1.40; Waterloo, | $1; Wooster, $2. i {MARKET DISREGARDS | FRENCH DEBT NEWS | NEW YORK, August 28 (#). Con- | fused price movements characterized | this wesk’s stock market. which was | teatured by violeni Auctuations in | high-priced spacialties. The market apparently. disrezarded outside news Aevelopments. The an nouncement that Chancellor Churchill and Finance Minister Cafllauy had reached an agreement for the fund- ing of the French debt to Great Brit- ain, conditional upon similar terms { being accorded France by the United States, passed without a murmur in sither the securitles or foreign ex- change market. ‘CHRYSER MOTORS GAINS 35 POINTS IN WEEK | NEW YORK, August 29 (). Chrysler Motors was the spectacuiar feature of the week in the stock mar- ket, scoring an extreme advance of nearly 35 points on the week. Bullish demonstrations also were auccessfully conducted in snuch issues as General Rallway Signal. Postum Cereal, Al- ifed Chemical, Indian Motor Cycle, | Gabriel Snubber. International Busi- ness Machines, New York Shipbuild ing and Otis Steel preferred, all of which attained new peak prices for the vear. DIVIDENDS. Perigd. Rate, Pavable. = Sept 1 ANOTHER CUT IN CRUDE OIL. | PITTSBURGH, August 29 (#).—An. ! other cut of 25 cents per barrel in the | price of six zrades of Pennsylvania | erude ofl was posted by purchasing agencies today. Buckeve was reduced 20 cents and a cut of 10 cents was made in Cabsll, ‘Somerset. medium | light and Ragland. { March, 22.40 | Co. D. C., SATURDAY. COTTON . QUOTATIONS | IN SLIGHT DECLINE Week End Covering and Trade Buying Stops Any Real Break. Br the Associated Press NEW YORK, August 29.—An open. ing decline of 3 to 8 points, influenced by relatively easy Liverpool cables, was checked by week end covering and trade buying in the cotton market today. Prices rallied a few pofnts on the demand from these mources, but | there was continued Southern selling | and offerings increased after the first few minutes on a belief that weather | conditions were favorable for picking | and reports of increased hedge selling | from the Atlantic States Dacemher declined teo hefore the end of the first hour. breaking infe | new low ground for the movemant. | with the general list showing net ! losses of 4 to 10 points. | Private cahles reported liquidation and hedge selling in Liverpool with a slow &pot demand, but said there was | some improvement in the demand for | ecotton goods from India. | | $e000000000e 22.71 NEW YORK—Cotton futures closed sasy | At a et decline of 21 to 24 points. Qetohar Docember Januars March av 7 Onening: Octoher. 22.78. January, 2 f2xh Closs 35-38 5981 1015 3 87-71 December 254 Mar. New Orleans Quotations. NEW ORLEANS, August 29. ton futures opened ateady 1.85: December, 22.06; January. May, 22.50 bid NEW ORLEANS—Cotton futurss clossd MeAds a1 A net dacline of 20 to 28 points Cot Octarar Dacemher Janoars arch May NEW FINANCING PLAN. NEW YORK, August 29 (#).—Tha Willys-Overland Co., ix understond to be considering the formation of a separate acceptance company fo fi nance dealers. Approximately $3. 000,000 will he sét aside for the pur- pose, If present plans are carriad out. CHICAGO CASH GRAIN. CHICAGO Wheat No. 1.581¢a1.50 a%; No. 2 Ne. 2 whit 38340, Rya No. PAIGE DIVIDEND CUT. NEW YORK. August 20 (#) Directors of the Paige Detroit Motor have declared a quarterly dividend of 15 cents a share on the August 28 3 red. 16 Corn No. 2 (Special) No. 2 hard mixed, 9415 Oats 2914a1.00, common stock. placing it on an annual | basis of $1.40. In the preceding quarter a distribution of 30 cents a share in cash and 10 per cent in stock was made. FIRST MORTGAGES FOR SALE Denominations of $250, $500 $750, $1,000 and Upwards 6'2% Toans Made on Property Located in the District of Columbia JAMESF. SHEA 643 Louisiana Ave. N.W. 2nd Trust Censtruction LOANS Unlimited an:ad: to Loan Apartment Houses. Business Properts. 5% 7. 6% and 813 % Interest Consult Loan Dept. N. L. Sansbury Co., Inc. 1418 Eve St. N.W. Main 5904 Al 1st Trust Residential and On Savings (Central Savings Bank 710 14th St. NW. NEW ACCOUNTS increasing ,000 a year because we are PROGRESSIVE as well as EX- PERIENCED and CONSERVA- TIVE. We Share Profits. William D. Hoover, President Woodbury Blair. 13t V. Pres. Frank W Frank Stetson. Chas. C. Lamborn. Tr E. Pércival Wilson Fank R. Ullme ruce Baird. Al Herbert H. Smith. Asat. Alexander J. F: { John M. Boteler. Asst.’ S ‘Audiay A.P.Savage. Auditor DIRECTORS: WOODBURY_BLAIR .urfl:)s T RBEA AN WM. A H_CH WALTER H. RO ‘.é.‘n RN \UKER HERE? k. wiLLARD National Savings & TrustCo. Capital and Surplus; $2,000,000.00 Oldest Savings Cor. 15th.and New York Ave. October, | .Al'(y‘LTST 29 Prompt Action I First Mortgage Loansi Lowest Rates of Interest and Commission | | ‘ Thomas J. Fisher & Company, Inc. 48 15th Street g $ $ $ 11 kinds of second trust or. nearby action 1a WANTED! l 'h.f:ng; available for the pur- Washington Investment i and /Transactions Co. Maln 000000006000003 WE FINANCE —all classes of Income-producing property Large Loans a Specialty Current int. rate and commission. Higbie & Richardson, Inc. SECOND TRUST NOTES :| 715 14th St. N.W. 816 I5th St. N.W. Money to Loan Secured by first deed of trust on real satate. | Precailing intarast and commission. | Joseph I. Weller 320 Wath. L. & Trant : 9th & ¥ N. FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President For Investors | 7% See Mr. O'Donnell, Mgr., Mortgage Department CAFRITZ COMPANY 4th & K 9080 First and second trust real ||| estate notes secured on in- come-producing real estate in Washington, D. C. Construction Loans Made —for long - time__periods amounts up to §700,000. Real Estate Mortgage & Guaranty Corporation 26 Jackson Place N.W. Resources—$2,500,000 L. E. BREUNINGER, President n Specially Appealing to Small Investors 1= this particular issue of First Mortgage Notes— Paying 7 % Interest THE security back: of them we can unqualifiedly in dorse—being the most stable of northweat residential property. Dividable into wanted amounts —to meet your investment wishes. Comsult With Our Mr. Kelley, Manager of Loan Department M‘KEEVER d GOSS BT AR 1415 K M. 4752 Open Until 5:30 P.M. Mon., Tues. & Wed. Not One in a Thousand —attains affluence without effort, sacrifice and hard work—and you're not at all likely to be the excep- tion. {] That being the case, yvou'd better get interested THIS PAYDAY in layving some- thing away in hank. The more you bank now—the rosier vou'll make your future, 1 This strong, old bank is protecting the “nest eggs” of over 45,000 people, and will be glad to pay vou in- terest on your money. Same Rate of Interest Paid on Large and Small Accounts Depository in Washington FINANCIAL. BE INDEPENDENT —in your later years hy providing for them NOW. Rave a little avery month and put the money to work for vou and your family in our FIRST MORTGAGE NOTES wherein are Safety is 63 %. Call or write and let us sxplain the simple details. MORTGAGE INVESTMENT DEPT. and Security supreme. Current return 713-15 14¢h St. N.W. 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 The New York Life Insurance Company Offers to Make First Mortgage Loans on Improved Real Estate In the District of Columbia and Suburhs for 3, 5 or 10 Year Periods Henses Apartments Buriness Properties Office Buildings 5Y2% ON APPROVED SECURITY Apply RANDALL H. HAGNER & GOMPANY MORTGAGE LOAN GORRESPONDENT Aet23r Commecticut Hoenue, TiliphorsRirin 3700 Fair Play HERE'S an elderly man who depends on you for subsistence. You've never met him. You won’t for many years. For this man is Yourself—grown old. Are you playving fair with him? Are you leav- ing some of the fruits of your present industry for him to enjov? Or are vou allowing the Man of the Present to spend the Elderly Man's heritage? % Play fair with him—by saving and investing in first mortgages through an organization which itself it known for fair plav—whose in- vestment offerings are sound and secure—and bear an attractive rate of interest. 6'2% ELL.RHEEM ¢ HENS & @ashington D.C. 56 Years Without Loss to An Investor. WHERE YOU BUY —investments usually deter- mines what you buy—and thus makes the selection of an in- vestment house of prime im- portance. g This company, with its ex- perience, and conservative management, invites your con- sideration of its services and of the 6% FIRST MORTGAGES Century Without a Loss B. F. 925 15th St. N'W. SAUL CO. ¥ Main 2100 CRRIGAINRIWRTURI TS