Evening Star Newspaper, August 30, 1925, Page 35

1925 PART SUGAR ACREAGE CUT IN FIVE COUNTRIES Hungary Will Have Muck Surplus Corn and Big Potato Crop. D. C, AUGUST 30, < JUNIOR RAIL BONDS IMPROVE STANDING Prices Expected to Remain Fairly Steady in Face of e | Any Money Drain. 97% | | 102 | — THE SUNDAY STAR, WASHINGTON, NEW BUSINESS METHODS AID BOND SUMMARY FOR THE WEEK PRESENT INDUSTRIAL ACTIVITY | 5™ s s noxn 100°19 Liverty Sys 193 Installment Plans and Cheap Credit Increase Buying 1021 101-1 Liberty 3a 4345 1928. & % ": : 108-9 10120 Liberty 4th 43 1933-38 . Power of Public—Merchants e s ol i Change Old Policies. WE FINANCE —all clasees of Income-producing property Large Loans a Specialty Current int Higbie & Richardson, Inc. 816 15th St. N.W. For Investors % First Mortgage Notes Denominations of $100 and Up— All Details Given Prompt Attention See Mr. O’Donnell, Mg: Mortgage Department CAFRITZ COMPA 14th & K Main 9080 rate and comnission 101-1_ 3 101-17 371 102-11 392 106 13 382 Reports Show. | | Prev, woek's | Cloae. 964 10214 99% 86% 109 $ >3 $ b4 3 Last. | a6 102% | 29% 27 108 By the Associated Prees The 1925 sugar beet three Furopean countries United States and Canada was place by the Department of Agriculture | yeste: y 749,900, a reduction of | 24,77 or 2.1 per cent, under st year. Poland | the countries |ages from I | Hungary, the largest surplus corn | producing "cov n Europe, will | | produce 94.918. 000 bushels this year against 80,088,000 in 1924, the Depart- | ment was advised by the Interna- | tional Institute of Agriculture. { Potato production in that country estimated at 89,000,000 bushels, | & compared with 70,000,000 in 1524, Low. 9614 10214 99tk 867 108 1074 8405 9714 101% 102 103 102% 1024 | 1 109% 1094% 40% 9744 9943 102% 110% 10214 102% 100 1054 1925 Hieh. Low. *OR! 97 95 Argentna s A 1034 101% Argentina 7s 1 100 931 Austriasf7s19 881y Releium 6s 1955 1104 Belgiure 738 1945. Belglum 88 1841. . 1074 Bordeaux 6 1934. . : 844 Brazil 85 1941. : . 9% Canada 6s 1952 . 102 Canzda 5181929, L1024 Chile 85 1926. . 102 Chile 85 1941. . 109 Chile 85 1346 109'4 Chiness Govt Ry 63 1951, 40% Copenhagen 6148 1844. 9814 Czechoslovakia 8s 1951 . 99% Denmark 65 1942. 1027 Denmark 85 1945 . 110% Dutch East Indies 6s . 102% Dutch East Indies 65 1962. . 102 French Govt T%s 1941.. 100 French Govt 8s 1945, 105° German 7s 1949... L. 9% Holland-American s f 65 1947 A8 Japanese 451931 Tow 891, 100% 85% GN. acreage of and the | WANTED! SECOND TRUST NOTES Funds available for the pur- chase of all kinds of sacond 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. Wain 3662 BY L. A, FLEMING Drastic changes in the of Asing business have taken place in racent years in more ways than one. These are also largely responsible for the prosperity of the day in almost every line of business. The buying power of the public | hes heen zreatly enlarged by the uni- | versal adoption of the installment payments’ plan in nearly every line of business. 1f one can pay cash for his food, the rest is comparatively provided the home is in a steam apartment, for coal is one of very few art that have not et been included in the partial pay ment lis Credit. once so difficult to obtain, may now be had for the usking, even vithout recommendation, bank i search into reputation for | honesty New Credit Accounts Urged. | People who are entitled to credit on the old a fair bank account. good reputation for meeting liabilities and ability to pav when due, are actually sought after and urged to onen an account. Merchants are wise in and zeneration and they the Dsvehology of credit will frequently they wonld not have thought cquiring if they had been ex pected to pay cash therefor Then. too. many merchants practi- tion to this plan. cash or credit. where credit is due. being the zeneral policy. | | Secondhand clothing is not wanted | One of the most radical chanzes in | | the method of doing business is found |in the present custom of purchasing {800ds by merchants, just as they have enlarged their sales Twice a vear merchants. in the davs not o long ago, visited market Fall and Spring—genevally stocking up for the entire vear, buying their Summer goods in the Spring and their Fall and Winter stocks in the Fall As each season drew to a close, the | “mew” stock would be delivered and uncovered was the v dread | | of any change in styles between pur chase ar No one ever thought of putting on a fur sale in August. any more than a white sale in November Today the merchant makes many trips to the city during the course of the vear, and when away from the eat wholesale ‘and jobbing trade, zenerally has a substitute looking out for his interests. Looking for Bargains. the search for bargains con | tinuas. A buyer locates a cheap bunch | of furs, coats. neckpieces. etc., and |the fur sale in August is the re- | =ult And so it es through the gamut of merchandise all the vear. |and-wheh one puts on a sale others [ will followe 1t s the p ket—that induces 968, 97 T4 91 3914 100% 4 1021 101 101 394 ;00»00»00»‘ i method Hungary and England were reporting their acre rope BY GEORGE T. HUGH Spacial Dispatch to The NEW YORK, August 20.—Taking the market as a whole. investment | securities have maintained during the week juet cloged the improvement of the week before. Trading has been very quiet, hut there has been no ., pressure to sell and a fairly good inquiry from financial institutions The backbone of the demand is from the insurance companies and the sav ings banks. who are careful buyers and never hid up prices on themse Still §t may be said that no concern Japanese 6145 1954 has been shown over the future of | Jergens Utd Marg; {money « such as was in evidence | Lyons 65 1934... . § 4 5 learlier in the Summer. The feeling | - 5 B is that bond prices will remain re sonably steady even if there is larger drain upon the money supply for commerclal purposes. tar 000000““0 of 1014 105 1 1034 10314 100 % 106 oy £03 R @it 1071 86% 26 “I have been all over Florida and this is the best place of all and the oppor- tunities are simply astounding.” i commaon £0% Excerpt from letter written at Winter Hav Florida (the “City of 100 Lakes”), by a member of the New York Stock Exchange to a friend in Washington, D. C. First and second trust real estate notes secured on in- come-producing real estate in Washington, D. C. ebt Settlements Nearer. i The news that might be expected to b influence the market has related most - See For Yourself At Our Expense - 1y to foreign affai Most important B8% |was the tentativi reement between Thousand 104% ffranee and Rritain for the e i v 192% 110 0% 1011 N 109 3% 100 8214 84% 103 100% 116% 110% | 78% 104% 111 94 10314 897 Paris-Lyons-Med 65 19 Quecnsland 85 1947. Queensiand 7s 1941. . Rio deJanelro 8s 1846. . Sao Paulo. State of, 8 19 Seine, Dept of, 7s. Berbs Crotes Slovenes §8 1962.. Sweden 651935, ... s Swise §lps 1946 United Kingdom 51;e 1929 1041, United Kinkdom 514 1837 INDUSTRIAL AND MINCELLAN 94°. Amer Agri Chamieal 7148 1841 Daily Construction Loans Made | —for long-time periods amounts up to $700,000. their day understand that cus buy things of Interested people are taking from our many Northern Offices orporation (composed of the Mas ter Haven.) advantage of the conducted by 102% | funding of the war debt of the former :41mdv‘m -1’“\ 118% (46 the latter. About this there were | 106 | varying opinions, The first reaction was a hetter toward French | [f] securities m in the market | (i tomers which in that makes the mar the purchasing of eally encouraze the use of credit and insiailment buying by refusing to make any concessions in price for the actual cash payment. while a house = business on a strietly cash basis will often make 2 good discount &= compared with installment prices. Furniture and Pianos First. A few ves ago, relatively. furni ture was practically commadity sold on installment le exception of pianc in price that only the rich | meet the Lariff spot down. t in both instances cash could al Wwavs commend concessions in value. Opportunity to secure furniture on partial pavments was and is a great accommodation, a public benefaction, to thonsands of young people ing housekeeping, and unquestionabl tends toward comfort and I measure of happiness. . with Buying Power Doubles. the large business trans Acted on credit from month to month by merchants who expect a ment every 80 days, with possible ex tensions, and the installment sellmg merchants, the buyinz powe people probably has been more than doubled, offsetting the depreciation fn the value of the dollar compared with commodity values and then plus. Furniture leads all other commodi- ties in installment sales. A rigid in. tion showed that but 13 furni ture dealers out of 566 investi gated did a cash business >robably one could net road locomotive or a steamship on in stallment pa the ini tial pavment t o Per cent of the nel huy practically ween vest some buy a rail- hut one may everythi clee time. Automot and tear le de have on a machine fi that many of them have ex. tended »d of pavments from the 12 months to 18 months in the “payagyou-ride” policy. hing ha< been but vm"nll\ add. to the installment line, but as vet few dealers have given consider DROP IN STOCKS lers the wear ured to such JUST AT CLOSE Wall Street Traders Fear Ac- tual Start of Hard-Coal Strike. Asenciates NEW YORK Press August 20, —Stock prices turned decidedly reactionary just before the close of today's market after maintaining a fairly steady tone in the early trading. 1 to 3 points were recorded by a num e of recent favorites. Except for another cut in Pennsyl vania crude, which was practically noticed by the oil shares, there was nothing in the dayv's newe to account for the selling, which probably repre sented the usual last-minute week end readjustment of speculative accounts and profit-taking in anticipation of more unfavorat placed on the suspension of operat in the hard coal fields when the i actually quit work on Monday n Motor ¢ Not Held. lLarge buying orders were distributed | among a selected list of motor shares particu those of companies en gaged in the manufacture of truck and busses. but the early gains were not maintained. Pierce-Arrow com mon, preferred and prior preferred at tained new high levels at 33%. $814 and 1801, respectively. Mack Trucks | dropped from 221 to 216%, where it % on the day, and White lower At 981, ‘after selling | s above that figure. Chrysler dropped from 140 to 1431, vallied to 14415, off 13 on the day.| Mozt of the other active issues in that group showed fractional recessior . S. Steel Common Drops. United States Steel common fell hack over a point #h on pnbli cation of estimates predicting another drop in August unfilled tonnage Other standard Industriale were mixed. American Can closed % higher at after moving between 233 and 23 and Baldwin yielded fractiona 116 in th Sonthern z ern preferres highe. but Pacific and groun the anthr: heavy, 15ed price movements developed ilroad list d Gulf, Mobile and North _were lifted to new 1925 common, Texas and “Katyv” opreferred lost hares of railroads serving te territory also were ey Central dropping 214 points, Delaware and Hudson 1 Pennsylvz Lehigh Vg erd the Erie issues yielding aity. fraction Strong Spots Also Noted. There were a few strong spots in the industrial list. CGeneral Electric advanced b points and General Baking, international Business Machines, New York Shipbuilding, Austin Nichols spreferred and Kelly Springfield 8 per cent preferred showed net gains of 2 io 3 points. Strength and activity of Certain-Teed Products. which nd vanced to within a point of the year high, was in further directors’ decision to retire the standing honds Fxcept for &h out s of 38 and 23 points in Norw Danish kroner, which rul 19.98 and 24,63 cents, respectively. ol rhanges movéd within rather narrow and irregular limits, Démand sterling held steady around $1.851, and French france around 488 rents. the one and only | . then | start- | settle- | of the | 85 | on | Net declines of | m- | interpretations being | 152 and then | Colorado and | and | reflection of the | things Nt of season as well in season. If the price ix right the zoods will sell—that is the only ques. tion. | The result of frequent visits to the market is that there is .a much speedier turnover of stocks. less old siuff to be sold at prices to tempt | the huyer, and as a result larger prof- {its for the retailer. Interest Bugaboo Removed. Interest ix one of the things that |the merchant has come ‘to dread and that_he has largely eliminated from his business. He has dodged this bugaboo that heretofore was one of his largest ex- pense items by frequent trips to market, replenishing stocks when they were depleted, buying in small lots for the immediate present and {meeting hix bills at thelr maturit usually after goods had bLeen buying for actual cash inducement was And merchants always | nowadays without going accommodations, This changed merchandising meth- od, as ed more or less fr quently, is the direct result wholesome lesson administ | lowing the inflation of 1919 {the buyvers’ rike sewed retail busi |ness in a sack from which it w. not released until soundly spanked, and made ever to remember {danger of hex jout on ecredit {route and or Absence ntile for loans been largely | for the easy conai » the banks shelves, N of money. wh 1e.indetinitely Estimate $9,000,000, purchasing po: of rited te adoption of the been greatiy informed value Counting. this and the great of new money released war, one reason for th industrial activity is | promises to con! er by installment increased imator p $9,000,000, Sf the peaple n of the plan has one well cing the money volume during the present great uncovered. WEEK’S PRICE MOVES ARE HELD mnsmsnvs‘ IW YORK, in ndity ally indecisi August 29 () this financial markets were gener . which is characterist he vear, but ovements weelk's nd comm of this perio tionary tendenc predominate, ticularly in cotton and wheat. e most outstanding developmen of the week was the announcement jof the Churchill-C: agreement on the funding of t debt to se of its be similar e Ly the United | reet showed a dis- position to withhold judgment. pend- ing the meeting of Finance Minister llaux with the American debt mis- sion late next month FOREIGN EXCHANGES TOUCH HIGH LEVELS NEW YORK, August 20 (8).—For | eign exchanges this week presented | several points of interest. Norwegian and Danish kroner rallied to the high reac par milreis touched the hig in reflection of that ion program. cent on the announcement of the $10,000,000 credit to the Bank of | Poland by the New York Feder rve Bank. Slight easing of sterling | | exchange reflected increased offerings | country’s - | of cotton bills WALL STREET BRIEFS, NEW YORK. August 20 (P). loan for the Crespi Cotton Works ¢ Italy, representing the first issue « Ttalian industrial bonds on a lire \ham to be offered in this count: Wil be sold by a New York banking |z|vvun next week. The flotation is sponsored in Italy by the Commerciale Italiana | portion will bear a guarantee of Italian exchange baséd on stérling, which entitles the holder to receive not less than 185 lire to the pound 1\While the exact amount of the issue | tn e offered in New York has not | heen determined. it 1% expected “to [total several million dolare. Figures compiled by lana Commercial Chronicls from the lieading cities show that bank clea | ings for the past week totalad [ 970,707,165, as against $7,400,147,687 the =ame week last vear, reasé of 6.4 per cent. New nks showed a gain of 2.22 per four and York Reporis by motor truck of the largest bus manufacturers White Motor, Pierce International Harvester show an ageregate of vehicles =old in the first half of 1925, an Increase of 4,670 units, | or about 27 per cent, over sales by the same companies in the corr sponding period last vear. A feature of the railroad equip- ment business has been the receipt M sevéral export inquiries. The South African Railways recently or- | dered 15 locomotives and an inquiry is on hand from the South African | Rallway and Harbours Company for fruit cars. The Chinese govern- ment railway is in 15 freight cars Arrow and ‘ompanies i i he American ize Company has ! been awarded a ontract for 2,000 tons of structural steel for an addt. | {tion to the Goodsear Tire and Rub. | her Company's niant Akron, Ohio, | Other Fmanml News on Page 36 ~Price | terms be- | Polish zloty rallied | 1 Re- | Banca | The American | an in-| cent. | the market for 1 fol-| when | the | oods, | en | demand | esponsible | | | | | i | | | 66'6 L 101 117% 101% 110% 88% 69% 104 | 80 r 94 | 828 s 31 ‘4‘.!‘ A 104 ln&% | e i { the Financial | ! 204 } 100 7% 101Y 9R14 103% 6% Amer Smelt & Ref 1st 65 194 Am. Smelt 1st A= 1942 : Amer Sugar Refining 65 1937. Amer Tel & Tel cl tr4s 1929, Amer Tel & Tel cl tr 55 1946, Anaconda Copper 681983.. ... Anaconda Copper cv deb 7s '38. Armour & Co 4%#1939. . ... Atlantic Refining deb 58 1937... Rall Tel (Pa) ref 65 1848.. ... Bethleham Steel p m s 193 Bethlehem Steel s f 65 1943 Chile Copper 651932 A Cons Coal (Md) 1s ref 5a 1950, Cuba Cane Sug cv Aeb 85 1830. Detrolt Edison ref ss 1840. Du Pont de Nem 73%s 1931, Emplire Fuel & Gas 71381937 General Elcctric deb 58 1952 Goodrich (B F) 63%s 1947, Goodyear Tire $8 1931. Goodyear Tire 85 1941, Humble Ol & Ref 5%s1932.. Indlana Steel 681952, ...... Inter Mer Marinz fs 1941. Inter Paper 58 18 1947. . Kelly-Springfield 8= 1931 Lackawanna Steel 55 1950 Liggett & Myers 5 Manatj Sugar s { 7 Midvale Steel 551936 New England Tel 5= 1952, . New York Edison 1 NYGas ELH & Qe York Tel 41431939, New Yo North A Pacific Gas Pacific Tel & T. Philadeiphia Coret 65 1944. *iblie Service £2 1944 kA T 1941, r 68 D. bber 1st & re S Rubber 75 /930 U8 Steals t e 1963 Utah Power & Light §3 1344 “arolina Chem s ¢ m 714837 war Western Unlon Tei 6145 1336 Wilson & Co 1st 6s 1941 Wilson & Co cv 71as 1331, RATLROAD, Atchison gen 41933, ........ Atlantic Coast Line s s21952... Balto & Ohio gold §s 1343, Balto & Ohlo cv Balto & Ohio ret 4 Balty & Ohio 65 B&OPIALE & U Southwe Brooklyn-Manha Canadian Notthern 6159 1946, Canadian Pacific deb ds. . Central Pacific 45 1843. Chesapeake & Ohio cv 413 Chesapeake & Ohio sn 435199 peake & Ohio cv 58 1946. ak0 & Alton 3155 1950. ... hi B & Quincy st ref 5s 1971, ern il gen 58 1961. . Chi Great Western 4s 1 2 Chi M & St Paul cv 4%s 1332 A t Paul gen 45 198 Chi M & St Paul ref 4%s 2014.. Chi M & St Paul cv 55 2014 Chi & Northwestern 64 Chicago Rallways 55 192 z Chi R 1& Pacific ref 45 1984 Ciit Union Station 4125 1954 Chi Union Station 6348 1863. . Chi & Western [nd con 48 195 1 Div 5 efs 50 56 A 1968, 10214 CC C & St Lref s A 1823, 104% 90% 831 101 Cleveland Term 5%s 187 Colorado & Southern 481935 Cuba R K 65 19 Delaware & Hudson 5% 183 Den & Rio Grande con 45 1936 D. & R. G. Wes( 58 195 Detroit Unitéd 4125 1932 Erle 1st con 45 1936 Erie gen lien 48 19! Erfe cv 48 A 1953, Erle cv 4s D 1953. Grand Trunk s £ deb 65 1936 Grand Trunk 781940........ Great Northern gen 5%s 1952 Great Northern gen 7s 1936, Hudson & Manhattan ref s 1 Hudson & Manhattan adj bs 1957 Iliinols Central 5348 1334, Inter Rapid Transit bs 1966. ..., Inter Rapid Transit cv 7s 1932. Inter & Great Nor adj 63 195, Kan C Ft Scott & M 45 1938 Kansas City Southern 3s 1950 Kansas City Southern 63 1950 Lake Shore 4s 1931.. Louis & Nash gnified 48 1340, Louls & Nash ref 5lhs Ml Elcc Ry & it 18t ref ba ‘61 102y M St P & SSM6s 1081, 80 Mo Kan & Tex 18t 451990, Mo Kan & Tex adj 58 1987, Mo Kan & Tex pr In b 4 Missourl Pacific gen 4& 1976 Miesour! Pacific 65 1943 . N O Téx & Mex inc 65 1336 New York Cent deb 48 1934 New York Cent réf imp bs 2018, New York Central deb 6s 1935. New Haven deb 4s 1957 NYNH&H cvdsb6s N Y West & Boston 4348 1346, . . Norfolk & Western con 4s 1986 Norfolk & Western cv 68 1929, .. vorthedn Pacific 35 1047 S Northern Pacific 4 189 Northern Pacifié rat Imp 65 2047.. Ore Short Line ref 451929 Ore Short Line gtd 5s 1946, Ore-Wash 1st ref 4s 1961. Pennsylvania gen 43s 1985, Pennsylvania gen b 1968, Pennsylvania 6%s 1935, Peoria & Bastern inc 4s 199 Pere Marquette 1st 58 1950. i Reading gen 4s 1987, ... Rio Grande Western RIArk&L 4%51934.. StLIM&SR &G 451933 St L &San Fran prIn 4s A 1950 St L & San Fran pr In 55 1350 St L& San Fran 5%s B 1942 St L & San Fran adj 6s 1956 St L & San Fran ine 65 1980 Seaboard Alr Line ret 45 195 Seaboard Air Life adj 94 Seaboard Alr Line con 68 1945, Southern Pacific ev 48 1829, .. Southern Pacific col 48 1340, Southern Pacific ref 4s 1956 Southcrn Ry gen 48 1956 Bouthern Ry 1st 55 1994, Routharn Ry dév 635 1956, Third Ave adj 55 1960.. .. Unlon Pacific 1st 4s 1947 Union Pactfic ev 48 1827, Virginian Ry 1st 85 1962 Wabash 18t 58 1933 Wabash 514 "73. .. 701 B274 244 b 854 €845 8% 1024 108 0% ve o8 1018 6% 664 oty 82% 1064 102 Real Estate Mortgage & Guaranty Corporation 26 Jackson Place N.W. Resources—8$2,500,000 L. E. BREUNINGER, President for French dollar i Later some doubts disappeared and quotatjons fell off_slightly The fact that the ment which Great I France was contingent concessions by the < caused some hesitation. Probably the view of the majority was that the problem of the international war debts | nerous treat, iain offered to| lf upon similar | | United " Sta Money to Loan Secured by first deed of trust on real sstate. Prevailing interest and st} h.:" Joseph E Weller 200 50 & # N0 [ i was at last in the way of being solved and that the way would be clear for new foreign financing in this countrs New Forelgn Loans Likely. |8 It is the neral understanding t once a satisfactory eetmant been made with the United this debt guestion new loans accounts of wiil be aus] to the debt pected. be favor the bankers are ready desiced cornmodation stter market for fore ss will pretty is e and | Specialist mn t be denied ths ment « funds 1 United find o | intern liga 714 | Axsumed, new and that the el Credit Standing to Rise e may also be ed that a inding of our debt 9% ised wh 108 e th 1043 | during the w ue All ”\0«- consider 1041% 3 sxng | 10674 1064 s 901 Apartment Management B. F. SAUL CO. Main 2100 225 15th St. themsel ¢ 1 financially d that Germany erman munici V Ciirrent high | I‘”ll A the present Adatic g in this « ¢ additi if she is to > Dawes plan | paiities and handicapped money rates. Up to lief has been found mosty in s term credits in London and New Attempt 11 ade to sul === ) il i the Both German by th meet Invest Your Funds Where You Know They Are Safe We have guaranteed 637 first mortgage real estate notes for sale in denomina- tions of $100, $250, $500 and $1,000. With these notes get unconditional guarantee to the payment of inter. and principal when due. $2,250,000 | this week | gross in by still more here have have been d iffect the ir 1 deal of this ounted in both bt not of th { roads which a few ye thes you our as and motor truck co st | =0 great a handicap. | the Southern roads 1 are matters of comme the Northwest the | clear, but Lcc The situation depend sult of the application fo and upon what is done gestion of the Paul a pooling of increa received from these higher rates other railroads ar E inst the Paul plan. What the Intetstate Com predicted, Dut htenss Interest 1a ;»rilillillllllllh.. e Ty in the hearing scheduled for ! he Sth of next month M Resources over Real Estate Mortgage & Guaranty Corporation 26 Jackson Place E. BREUNINGER, President. upon the re high rates | bout the s, receivers L WE PAY MORE INTEREST ON SAVINGS ACCOUNTS Than any other National Bank in Washington Interest on DAILY Balances Come in and let us explain Commercial Nat'l Bank 14th and G Streets Resources $17,000.000 Capital, = = = = = = OLDEST N = = AIGE, MOTOR, COM PaYOE, Eineering Department s vises me that this {8 the BT ug have ever had_in _all their exper- gnee with §packe RiEs Detrort Motor Car e 0. Tom K Monohan.* il Spark the: 1] |||| Illl LU GUARANTEED be oil Rmh{ under worst oil con- ditions. 2-pieca and A8y {0 clean. —ive nigh 4 Rpendand driving pow. ——end al "<pa Plug trovib for vears When airplanek depend upon ihem they re rood enouth forany car 5’"&' Tant ears In’ pleasurc tru and nlrlnrr hey stop engine frounle, giva more power, and are ma in Al elzbs for all care. Ba good to molor and five pive u Dew s EXPRESS 'SP Alexandria 0. H Frederick De C. R 10274 109% 394 way a9 | ] 101% 965 ©6% 3y £2% A0i PARK PLuG co. Virginia e 2 R Where Saftey is Certain Y Bank your PAY DAY deposits and other funds where you are sure of 100% safety. {Our based on demonstrated capacity to give the maximum in security, as attested by over a century of continuous service to the commu- nity. orge W. White, President P. Johnson, Vice' President Faust, Trust Officer & Hollingsworth, OPEN UNTIL 5:30 P.M. TOMORROW AND TUESDAY 3% Paid on Savings One Dollar or more will start a Savings Account = |l|||l|fll|l|MHIM"I!IIMMIHIII||IHWINIflllflfllllllilllll||||II|1IfllIlIlIlllllflwmmmlllllllllllllilIl[llllllllllllllllllllflllflfll‘}HI!lllHlllfllflflIIIIIIHHIHMHHlllfllll}l!lll'fi Next Free Tour From Washington September 15th fast for train_service full details and special car this office at once call or reservations Haven Villa Corporation Room 220, Investment Bldg. Main 5643 — e St T TSP —— write SR Wouldn't You Like To Own One of These IF SO, you'll have three or four to be had. They are com $8,000 each, just placed upon the 14th Strect Highlands. erty_will sell for more Th of interest to hurry, beca trust for fine dences than rate, is 61 il of the ¢ are dail i We put ou vays stand back of every we have never lost a sequen dollar Telephone. or come in. about this at once for these investments will not he here long. Mortgage Investment Dept. SHANNON - & LUCHS] e INC 715 14th Street N.W, Main 2345 713 and 3 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 Apartments Office Buildings Honses Buiiness Properties 5%% ON APPROVED SECURITY Apply | RANDALL H. HAGNER & GOMPANY MORTGAGE LeaN GORRESPONDENT TeliphomaLiain 3700, IBRARRREAER! mmmmm@mfim&mxm e O 0 O R B R B R R AR R R R R I oAes38/ fim«effic«l renue, RN ‘IlllIl\lIlIIIlIlIlIllfl1IIIllMI|IIIIlllIIII'llllllllfli'1I\lllllllll!llllllllllllIlIiI!IIIIHI\|IIIIIIIIIIHHIIIIIIIIIHIlIlIH‘\|HIlIIlIIHIlIHlIIIIIlIIIIIIIIIHu|lIIINHIII\|M National Metropolitan Bank .\'m‘j;hlx and Undivided Profits, Over $1,800.000.00 15th St. Opposite U. S. Treuury—-lll Years Old NATIONAL BANK IN THE DIST Rl\ T OF , %il“lill“l"“llHE!IlilllllllllllI|I|I|IIIII|IIIIMlmHlIIIIIHIIIHIIIIIHIIIIIIIIIiH||||!IHIII||||IHIIIII||IIIIIIIII!ll!IIIIiIlII||l|l|llilflll!lllllllllfllIIII|IllllllllllllllllIlllllllllliHLIIUII COLUMBIA i Our TRUST De- partment executes Voluntary and Testamentary trusts with maxi- mum efficiency. Trust officers are available for con- ference every bus- iness day. bid for your business is acobsen, Cashier Chas. E. Bright, Asst. Cashier Albert H. Bedford, Asst. Cashier Lout: kloff, Asst. Cashier Gales Moore, Auditor Asst. Trust Ofcer T |