Evening Star Newspaper, September 8, 1925, Page 31

= FINANCIAL, e THE EVENING STAR. WASHINGTON, D. C, TUESDAY. SEPTEMBER 8. 1925, _M BUTTER IS HIGHER 155 PER BALE JUNP N COTTON MARKET AT CENTER NARKET Wholesale Business Lively After Holidays—But Few Changes in Prices. Rusiness started off in the wholesale Aistriet with rush taday afier the two holidays. Tub hutter was hizher, selling at 51 cents per pound. while Drints and store-packed were also igher. Egzgs were unchanzed. but Spring chickens were up a_cent and heavy fowls 2 cents from Saturd auotations. Beef. loins and hams were pactically the same as they have heen selling for some davs. Today's Center Market quotations Today’s Wohlesale Prices. Butter—Fancy, tub, 51; prints, 34 store packed, 35 v Fggs—Fancy selected. average receipts. 35 Poultry — Alive candled. 38 Spring chickens, Jarge, 31a32; small. 31: heavy fowls 25; medium fowls, 24: small fowls, 22; Acks, 15a20; keats, 40a70: turkeys 5. geese, 12u15. Dressed —Spring chickens, large. 32: small. 32; turkeys 25 ducke, 20; Live stoc Spring, 1375814 Meat~Beal. 15219, Spring lambs, 28a 35: =smoked should hoge hams. t Fruit and Vegetab Review. Today's market report on fruits and vegetables compiled by the Ma ket News Service Bureau of Agri cultural ronomics said Apples—Supplfes liberal: demand slow. market dull: bushel baskets Maryland and Virginia. various va eties. medium (o large siz few faney. large s small size as low as 50 cenis Cabbage—Supplies moderate mand slow. market weaker: York, bulk per ton, round type. few sales, mostly around 30.00 Cantaloupes—Supplies liberal mand moderate, market steady rado, salmon tint flats. 1° 75a1.00: flats, 12s and 15 pink meats 1.00a1.15. few 125, jumbo 9s. pink meats. 1.35: standards and 43s. i s2lmon tints. 2.00a2.25 Grapes—Eastern supplies very light demand moderate. market steady; Delaware, 12.quart climax bask Concords, 1.00. Lettuce—Eastern demand moderate market 4 d New York. 2.dozen ecrates, big Bosts type. hest. $1.00. wasty 5 Western supplies very lizht . moderate. markei dull erates, leeherg type. % Aszen New de- ol supplies liberal. Colorado, 3.004 Moderate Peach Demand. Onlons—Supplies moderate: démand moderate, market dull; New York and Massachusetts, 100.pound sacks, vel low, 7. 8., No. 1. best, mostly around 3.0, poorer Peaches—Supplies moderaie mand moderate, market steady; New York. bushel basket, Rochesters, me. dium to large size. 3.00a3.25; Carman . inferior quality and condi de- modarate N demand York row Supplies marker steady haskets, Rartletts a2.50. Supplies light moderate mand moderate. market steady; New larsey 150-pound sacks Irish cob. hlers, U". 8., No. 1, mostly around 1.00: Pennsyivania _ and ichigan, 150 pound sacke et Rurals 1. 3.50a3.75. weet potatoes—Supplies very light demand moderats, market steady; North Carolina cloth-top stave bar reis, Yellows. No. 1, 4.00 Virginia. cloth-iop stave barrels, lows, branded, 5.50. Ru vl Watermelons Higher. Tomatoes—Homegrown receipts lib. eral; demand moderate. market sieady: homegrown bushel ham 4pers, best, 50: poorer Cucumbers—Practically on market. DHls. New baskets, 1.50a1.7 Caulifiower— Supplies moderate, murkat stead crates, 1.50a2 00 Damsons- Supplies mederate: de- mand light, marker steady; New York 1,-bushel bashets. 1.00a1.25 Watermelons—Supplies light: de- mand good, market stronger: dock sales, Virginia, bulk, per 100 melons. Excells and Thurmond Grays. selec 35.0060.00; primes, 15.00a30.60. no supplies York, hushel zht: dsmaned New York Issue to Yield 4.15 Per Cent on All Maturities. INinois NEW YORK. Sepiember § (/) One of the largest industrial hond ia. sues in several months. $18.000.000 General Pairoleura Corporation first mortgage sinking fund gold bonds will be offered for public suhseription Wednesday or Thursday. The finane ing ¢ ent 7 per cent first 6 per cent convert sne and hank loans ditional: working canit panding business o vhich 1= an important petrolenm Indusiry on Coast. Offerings today incinde $10,000.000 Siate of Tlinois ¢ per cent highway honds vriced 1o vield 4.15 per cent for all maturities e gold note is and 1o provide ad o meet ex the company factor In the the DANISH RISE SLOWS UP. Ry Cable to The Star and Chicago Daily News. STOCKHOLM. September S8.—The Femarkable recent rise in the value of Danish and Norwegian currency re- ceived on Monday a decided and, in the opinion. of many lexding clers, a decidedly healthy check fol- lowing the lowering of the Danish dis- count vate by the national hank from 6 10 515 per cent The Danish erown May at 70 cere, This week it reached G450 cents. This rise was larzely due tn foreizn speculation. induced by the zovernment’s ual guarantee of the currency againat fallinz helow the minimum of last Spring (Copyright. 1025 1 was valued last FOREIGN EXCHANGE. (Quotations furnished by W Nominal Selling rhecks gold value toliav (S4.R665 34851 Londs ound. ondon. poun 4861 Montreal. dollar Parie. franc. 5. ranc. mark tra.. . Zurich. - tranc. Atheni. drachma. ; Madrid. peseta. j Vienna. crown Rudavest. crown... Pracue. crown Warsaw. Nyl Copenhagen, “row Christiania. crown Rtoekholm. crown Berlin Rome NEW YORK, September 8 (4).— For- aign exchanges irregular; quotations in cents: Great Britain, demand, 4343 cables, 4847 60-day bills on" banks, 481 1.15 France, demand, 4.09%; cables, 4.70. Italy, demand, 4.11: cables, 4.11%. Demand—Belgium, 4.45; Germany, 23.80; /Holland, 40.23; Norway. 22.11: Sweden, C26.80; Denmark, 25.24; Switzerland, 19.31; Spain, 14.23; Greece, 1.46: Po- land, .18%: Czechoslovakia, 2.96: Jugo- slavia, 1.70; Austria. .00143;; Rumania, 4 Argentina, 10.37: Brazil, 13.37: ol 4%; Shanghai, 81%4; Montreal, 99 31-32. “| points and de-{ 40 U.'s.. Ne. | | ast in over 29 vears, | has stopped plant growth and cansed | heavy shedding of cotton. East Shove | arp | two | 15 stin | counties of northern ‘Georgl? the cot | ing on subsequent | %1.000 will be applied to retive the pres. | izage bonds, a | Pacific | finan- | B. Hibba & Co.) | 1 | Government’s Report on Poor | Crop Conditions Cause of | Sudden Advance. | | By the Assnciated Press | | the indust | NEW YORK, September % A bull- ish interpretation of the Government | | cotton-crop report estimating the con- dition at per cent of normal and | the 1925 yield at 13,740,800 hales, to- | day lifted the price of cotton $5 a bale | #bove last Friday's closing quotations { An advance of 42 to 49 points marked the first sales on the New York Coi- ton Exchange after the receipt of the | Census Bureau's report, October con- | | tracts selling at 23.18 cents a pound | {and December 23.45 cents. Prices later reacted about 20 pointa | from the top when hedge selling from | all parts of the South was Induced by | Publication of the ginning fgures New York cotton futures closed eagy at | net advance of 56 to A0 points i Oprn. § | Detorar December Advanee NEW ORI The Government's indicated crop of | 13,740.000 bales was much smaller | {than the trade expected and prices | for October immediately advanced September | checked. NEW YORK CURB MARKET Received by Private Wire Direct to 1%e Star Office BY WILLIAM F. HEFFERNAN. radlo stocks, it was pointed out that NEW YORK. September §.—The |this is the season when they naturally {same bullish enthusiasm prevalent at |Would respond to expectations of a the close of business last week was large Fall business. again manifest as trading was rve. |Point, Da Korest a half point and sumed on the Curh Market today. The | Thermoldyne was more in demand advance on new loan rates to 5 per around 2 cent in the afternoon served to check | Advances and declines were about |the upward movament to aeme estast, |sventy aeidctrin toa o group. Un. [but higher prices wera the rule easiness was again ewpressed over the | throughout the greater part of the ses. | possibility of adverse dividend action sion. - | by directors of Prairie Ofl and Gas. The motor shares responded again |Land Company of Florida common 10 unusually favorable cenditions in |stock of no par The upward movement |to trading, and sold at 54 and 5474 |kept on in Stutz, the price advancing 'most of the rtime. more than a point before the rise was | The features in the hond section Durant encountered realiz- |were pronounced strength at new high Ing sales. but the decline was alight. | prices for Atlantic Gulf and West In- Kor the strength and activity In dies. NEW VORK. September §.—Fol- ! lowing is an ofcial list of honds and | stocks waded in on the New York ' b AMarket today 3 LONDS nds 5 Superpow Armstrong Corp Ariz Pow & Lt Ve Elen . 2035 ESSEDERT W eI & i Brit-Am Tob Cou 2C D Gin Als nw 9 Car Light Centrif_Pipe Cor (Qh"k Cab Mg A 5 s mn—i L ¢ Sery P& As P TS oo 3 Cont 103 Cont) P & 5 Dubllier 4R 1 Pet @) i 1 Dunhill Intl 1 B i 32295222228 for December 60 points At these levels the market as 111} | points above the sarly low for October | And 105 points up for December. Bull ish enthusiasm. due to the low ecrop estimate, was somewhat tempered by | the heavy ginnings to September 1 of | 1,892,000 bales. H New Orleans cotton futures closed steads | bounts Tanuars Yarch May and 16e. ! COTTON CROP DECLIN' | Forecast Shews 250,000-Bale Drop in | i Past Two Weeks. | By the Associated Press. The cotion crop declined to the ex- | tent of 250,000 bales in the fortnight ending September 1. The Depart- | ment “of Agriculture today (forecast this year's production ar 13,740.000 equivalent 500-pound bales from. con | ditions on ihat date The condition of the crop on Sep. | [tember 1 was 35.2 per cent of noi | mal, indicating a vield of 141.5 pounds ! per acr On August 18 the cond: | rion was 62.0 and indicated a vield | of 1441 pounds. The September 1 | condition last vear was 59.3 and the | final yleld per acre last vear, was l 167.4 pounds. Cotton of this year's crop zinned | prior to September 1 tdtaled 1,892 | 549 running bales. counting round as | halt bates. the Census Bureau an nounced. To that date last vear 947 494 bales had been ginned and in 19 ginnings to that date totaled 1,142,660 bales. | Decline Due to Drought. | The decline of a quarter of a mil {Jion hales in the indicated production | was aseribed by the Crop Reporting | Board to have heen duve chiefly to drought and high temperaiures. | In South Carolina rainfall from ! April 1 o August 31 has been the low- | and the drought | tension of the drought into east North Carolina during the last weeks Is reported. and northern part of Gedrgia the d unbroken. In some of ton crop will not pay for the fertilizer nsed Further Damage Possible. The erop in the large drought area in Texas was practically hevond re covery half a month ago. Dry and hot " weather during the 1ast two weeks, with damaging effects 1o the crop. is reported from Arkansas. Missouri and especlallv Tennessee | Considerable changes from present indications are still possible. dapend weather conditions and Insect damage. the board stated. | Washington Stock Exchange ROAD BONDS OFFERED. | SALES Capital Traction 5+—S$1.000 at 903 Washington Gas 5a—$2.000 a1 097 AFTER CALL. Potomae Elec. cons 32 000 at 1004, Washiogton Gas A5 33—$1.000 at 108 03 374 Potomas R. R. 5a—%1.000 | Flee. &, & r. fx 33—$1.000 at 108 Washington Rws. & Elec. ptd.—5 at 87, Monay—Call loans, 5 and & per esnt BONDS. | Bid and Asked Prices. | PUBLIC UTILITY Anacos ar 921, Potomar e American Tel. & Teiga. 45 American Tel. & Telgu. 4%+ Am. Tel. & Tel etl. tr. 53 | Anacostia & Potomac 5x. Anx. & Poi_ guar. o8 | €. & P. Telephone b | ¢ & P Telephone of Va. 5x Ditai Traction R. R s, tv and Suhurban 5 Georgetown Gs 1t 58 Potomar Electric 1: | Potomac Elec. cons Potomac Elec. 68 1950 Pot. EL Pow. & m. & ash.. Alex. & Mt Ve wash. Alex. & Mt V. i Wash % Elec. 4 | Wash, Rwy. & Elec. zen. s MISCELLANE Paper_Co. 6s. tock L'd B Rigza Rea | Rixga Realiy (#hort) Seuthern Bldg. 613 old, | Wanh . Mwe, Cord Storase Wardman Park Hotel 85 i STOCK i | PUBLIC UTILITY. 140 in.c | Pot. Joint | American Tel. & Telxa. Capital Traction Washington Gas. . Norfolk & Wash Wash. Rwy. & o Wash. Rwx. & Elec. pld | Terminal Taxi com. | NATIONAL BANK National Capital............ 22 Columbia g Commercial Distriet 3 | Farmers & Mechanics | Paderal- American Liberts Lincoln | National Rigge : Second ' 2 A% Ritlonai Bank of Washington TRUST COMPANY American Security & Tru 3 Continental Trust.. y ints 3 Ntlonat Savings & Trak Tinion Trust.. . ... . : Wash. Loan and Trust.." "] SAVINGS BAY Commeree Savings. | East Washinzton | Security Savings Loventh Street.. . ..... . Tnited States ... 0L Washington Mechanics’. FIRE INSURANCE. mion i TITLE INSURANCE. Colymbia Title. 8 Roul"Ertate M D145 MISCELLANEOUS. Merchants' Trans. & Mergenthaler Linotype.. National Mtge. & Inv. pld. 0ld Dutch Market com. Ol& Dutch Market ofd. w hln%an flflw Metropolitan. American Corceran Firemen ational 1 Grand unk 61y 1 Gulf 0j] Cor 3s. i 3 Lahigh Pow 64 1 Libby McN & 1. len{ Tsl Ligot A 1 Manitoba Pow 71 13 & Co it ¢ 4% Durant Mot 6 Dup C IEBa % § Sh pid 38 ;l d & Sv R ¥ Invost ine 10 Eisenlah- Bros 2 Eng Puh Service AEng P S PP of | Fureka Vacaum 38 Fageol Motors .'(;‘ T N als T ed Motor 2 Fiim otonc 5 3] Fox Pictires A | prank 3 Freed E 1 mreshman Chas 4Gen Tre Cream Gen G & E n Sp2353s 2% IARRISRLURRRAREA23 e g 2=3505! 22322333535 e DB D3 mdk D 3,5859 EEERI S & X P P 533523 [5 23502323332 225853 282233333R5_53238 2 e r — o 25 SR Pow & R on “Alden Cos 0odvear Tire T . Counler A Bak &S C at Helimen Rich Inter Contl Ry Intl Co 1 M; o T zew PR S [ S5 Cooesn35! RO, JNBIOTER SO - V0. OO 3535 0soe: S22225232%8 nns"ggee’::"““ FRETIEEEEIS P : e PESRELLE T 2 EEPECEE o 3 P et o & 232 Z0n 3 Qazaz2aa: Seo0o0! SRS 3, »lp o Nigh Tal Cosl R Val € x0€ fn & Fin h Owens Sh G B_Ch Suore Mare Wire C Tid avsag Co wi oC X o M vie ia West Uil Mig Weat Uil ot Mid WU pr tien ! Millar Rubber Miss River Pu 1 Midland St Roan 2 Motion Pic_Cap ¢ 1 Municipa) Service 5 Mumc | Master ¢ 2 2P0R: =D 2202552 NN SNy oy rt_Con M - — 225 EI2RE Eer g Y SN O Far o @300r-o: SRBRJGC S # Sates in | whares 130Gal Sig k 00 Aumble Ol & R AOTIL P L, 2800 Imp 0 “Can new 20800 Inter ePt C Ita 10 Magnalia Pet 100 Nat Traneis ", P Co 13810 nn Pow Lt pf. 105 1+ Bogn Lake e 1o 20 Power Cor N Y.. 807, 2 Purity Bax B... 411, 1 Brrenc M i F H & o miom b Ba T SFEEERSURER o NPEPENDENT OD. 3 Am Maracaibo 10 Carib- Synd 0 Cittes Sorv new 4 Columbian Sen 3P0 i 34 Serv' El Corp A 5 Sleen Rad vie Igoum @4’ Southeast P & 1780 P& Ln 1800 Cities Tt 12 Sou Dairies ‘A 40 %0y Dairies B wi 43 Dairien Rts w 'y Southw "Bell ot 110 A st R Pan 1 a3tand Puh € > Stand Tank © 51 Stutz Motor 2 Swift Intl ? Thermiod Badio 14 Thompson Ra vir 5 Timban Axls 1 Tob Prod Fyxpt 1 Trans Lux Pic A 2 Trumbull Steel Tubize A 8 B vic Union” Carbide . 3 Uni Eleg Coal vie ni 5 0 $e% eon 4 1 Un Pit Shar n 4 Univer © 0Un Shoe Maco Co 308 Lt & Hi nfa A1 S Knn Reclaim S0P PESE s Lion Oil.. ox Panuce. . rod Eng Fuei 0 Mex Land uel Cor W P . SR T R O siter-Fostar oyal Can O & R 3 Ryan Con... .. $alt Creek ‘Prod Sun Ol .. Venezuelan Pet INDUSTRL 10 Acme Pack ... . 4 Aero Sup Mi A fo-m ' Adirond 7a ofdd 10; Y # Amal Leather What 770 Fifty-two Years of Proven Safety s 1 1 SekaS 285008308 T a0, 008 12 4 Lo SOE SR Proven safety is the feature of Smith Bonde that appeals most strongly to conservative investors. And rightly so, for safety is the first essential of successful investing. But the rate of interest you receive—in other words, what you accom- plish with the money you invest—also has an important bearing on the success of your investment. starts at the age month in 7% Smi pound interest. Howan Investment Our Investment Sav- Doubles Itself Profitable In Smith Bonds, the s well as Safe proven safety of 52 yearsiscombined now with the attractive interest rate of 7%, which adds impetus to the growth of your invested funds. Moreover, you have the privilege of using onr Investment Savings Plan, which gives you the full rate of bond interest on every payment, and which enables you to compound your interest at the bond rate. will gtow, in 1034 Security An Independent Monthly Income Money grows surpris- ingly fast when inter- ] est is compounded at fi,. If you invest $50 & month in 7% Smith nds, and reinvest your interest at the same rate, you will have saved, in 10 years, $8,657.10 —enough to give you, at 7%, a monthly in-’ come of more than $50; that is, a menthly income greater than your monthly investment. NEW YORK PHILADELPHIA Dubllier gained a | value was admitted | INTEREST Means to You This rate on Smith Bonds is combined now with a record of nio loss to any investor in 52 years How $10 a Month Here is another ex- Becomes $25,000 interest at the same rate, he will have, at the age of 63, 'more than $25,000. Yet he actually will pay only $4,800. All thefest will be com- income from an investment simply by rein- vesting the interest coupons. If you own a $1,000 bond paying 7%, and reinvest the cou- pens at 79, vour original investment of $1,000 First Mortgage cured by improved, income-producing city property, and protected by time-tested safe- guards, You may buy Smith Bonds outright, or under our Investment Savings Plan, in $100, $:500 and $1,000 denominations. Ma- turities range from 2 to 15 years. Send your name and address today for our two.booklets, telling the facts you will want to know about 7% Smith Bonds and explaining alj details of our Investment Savings Plan. THE F. H.SMITH Co. Founded 1873 o iz SN MR ) 7 BT S T il e i NO LOSS TO ANY INVESTOR IN 52 YEARS SMITH BUILDING, 815 Fifweh Sevoc—Man 6464 'MARYLAND TOBACCO ! FIRST MORTGAGES FOR SALE EXPORTS IN SLUMP | 1., ominations of 3250, 3500 | $750, $1,000 and Upwards 6'2% Toans Made on Property Located in the District of Foreign Nations More Nearly Fill-| ing Own Needs—Lack of De- | mand Held Serious. | [ Al eign competition and the increasing | States. In the general alarm over ’ § hase of all kinds of second trust inz and grading if the State is to re- | Washington Investment in such countries as France, Italy and | crop usually is alloted to export. In “ receivad. Despite these favorable fac. | As comparea with 192 Columbia | self-sufefency of Buropean countries | |are making hesvy inroads into the | 's WANTED! | this situation. recently . | Government officials, a spacial warn SECOND TRUST NOTE notes, secured on D. C. or nearby tain its overseas markets, is consid- | @ Ith, *Wiate. Promot action ia ered significant. b4 b4 and Transactions Co. 715 14th St. N.W. those countries which have govern meni monopolies this State has heen :l““l oo | tors, however. and in the face of in | : creased production. Marviand tobaceo ¥ | 1925 drop expected 1o he | even more pronounced, with the first | | APARTMENT Owners! the the | BALTIMORE. September 3. ana Ave. N.W. export tobacco trade of the United sounded by | n ing to Marviand to improve her pack Junis avallable for theiner ey e Maryland tobacen enjova popularity | Belgium, and a full 50 per cent of the € Main a6z fortunate in the concessions it has exports decreased 30 per cent in 1924, aix months already registering a de | cline of 15 per cent against the pre ceding vear. i Youn have property demand. L0SS IN PASSENGERS NOTED. NEW YORK. September 3 (). | President Baldwin of the Missouri | Pacific reports a continued good vol ume of freight traMic, 146,430 cara hav bean handled in August. compared with in July and 139755 in Revenue from pas- | however, was $863.505 less than the corresponding perind of 1924, which wr atiributed 1o the in creased ise of automobiles and husses we As. rental agents will give per- sonal. persistent at- we tention to vour property B.F.SAULCO. Main 2100 925 15th St. e Our Country has grown ‘and prospered Ya Ca Oh new wi va Car € btd w vieén Pl W Talk Mach Ware Radio vick Cham Warner Broa Pic Warna Coal west Pow Fest Pow pid A Wileon & Cnow Yel'Tam ¢ XY MINING STOCKS 0Aris Glome € 28 0 Calumer’ & Jerom £ Canario Con: A Conw Con ‘Min, 10 Con 17 E N Devel Kar “Conner Cor 3 Nipiseing 2 Ohlo’ Coner 10 Parmac Por hevond all dreams of the 10 Plymoutiy ; \ o' v carly davs: it has heen test- ed by financial severe periods and stress Gota of 20 8tand Sily Lead 11 Teck Huzhes stringency times of national But through all these pe- rinds Fi have of uncertainty Mortgage Securities proven 1009 Saie offering the security of an Weare P ANY AMODNT APARTMENT HOUSES 5* 70 ATSRRERHSIS RESIDENCT LOANS AT LOW RATES | “FRED T. NESBIT |INVESTMENT BLDG. Main 939 institution dealing solely in thie of and type investment— hears 8 Descriptive Booklet Upon Request 'HUGHES & COMPANY Only a Limited (Incorporated) Amount i of these first trust notes avail | INVESTMENTS 1418 Eye Street N.W. able, paving the unusual in Telephones Main 853.854-3317 it % happans /0 But it e of' them imntial pron making tha Al moat roftabls Aay for the sm; Ask Mr. Kelley, in eharge of e Loan Department, about Mi’xl-:svsn mSosC 7200 a0, 2 o] Chicago North Shore and Milwaukee Railroad Company Ist & Ref. Mige. 6% Gold Bonds SERIFS A DUE 1255 One of the finest electric railroads in the country with a notable record of earnings. ealtors R 1415 K St. Main 4752 Price yielding abont 6.039, Ask tor cireutar ample of what 7% The National City Company will do. If a man Washington - 741 15th St. N.W. of 25 to invest on/v $10 a ¢ Telephone—Main 3 th Bonds, and reinvests the -q ings Plan also enables 'you tocompound your years, to $2,000. 9% Smith Bonds are First Mortgage Bonds, strongly se- $250.00 £500.00 $1,000.00 $2.000.00 $5,000.00 You may obtain any of these denominations in our FIRST MORT- GAGE NOTES upon prompt application for the same. They pay to- day 6% % interest, and the buyer is relieved of every care—with full assurance of safety and prompt payments. Ask for full informa- tion. FREE. Mortgage Investment Dept. HANNON - & LUCH| 713 and 715 14th St. N.W. Main 2345 PITTSBURGH N MINNEAPOLIS E I RANDALL H. HAGNER & GOMPANY FINANCIAL. Money to Loan | Secured by Birat deed of trust on | Prevailing mterest and commission | . L. & s Joseph I. Weller 320 Was. 1 £ Trua SEE What Your Dollars Will Earn $100 earns $250 earns - L T RS $1.000 earns..... ooas A200 EVERY WEEK When Invested in Onr 7% First Mortgage Notes FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President Savings Bank 7|0,||!|; St W. NEW ACCOUNTS INCREASING 3000 A YEAR FRANCIS M. SAVAGE, President Let Your Savings Earn 6%2% NVEST them in finod First Morlgagr Notes, secured h}' twice their face in carefully selected home properties in Northwest Washington. BOSS Mb PHELPS THE HOME OF HOMES 1417 K Street Main 9300 Capital & Surplus. $2,000,000.00 Keeping Down Household Expenses 1 Paying househoid Check affords an means of keeping the domes tic budget within bounds. Re- [ turned checks are receipts bill paymente are not dupli- cated—check stube tell vor just where economv is nec sary warn ing or National Savings & Trust Co. 58th Year hille by effective ACOOTNT ravings—is ~heek o] Oldest Savings Depository in Washington Cor. 15th and New York Ave. The New York Life Insurance Company & Offers 1o Make First Morigage Loans on Improved Real Estate In the Distriet of Columbia and Suburbs for 3, 5 or 10 Year Periods Apartments Buriress Properties Office Buildings 5% % ON APPROVED SECURITY Apply MORTGAGE LoAN GORRESPONDENT J:/Wml‘lfl; 970, " ' R URRIRRRIGEIRTE SRL DR UL LA LRGeS RIUTE UL TGRS R/ oANo133/ Bommecticnt Heenue, - Fair Play HERE'S an elderly man who depends on vou for subsistence. You've never met him. You won’t for many vears. For this man is Yourself—grown old. Are you playing fair with him? Are vou leav. ing some of the fruits of your peesent industry for him to enjoy? Or are you 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 is known for fair play—whose in- vestment offerings are sound and secure—and bear an attractive rate of interest. 64% SWA géz%% EEM&HENSEY Co. Saeet. AW = . Washington.D.C 56 Years F!fl'llmut Loss to An Invesior.