Evening Star Newspaper, September 9, 1925, Page 31

\ today ° FINANCIAL PRIGES HOLD FIRM AT CENTER MARKET Wholesale Dealers Report= Trade Active—U. S. Fruit and Vegetable Review. Wholesale prices were practi at Center Market ally the same as those quoted erday. Trading was A Dbit more active on account of the cooler weather. Butter, poultry, live stock and beef prices held firm. Candled were 37 and 38 cents and there re a few slight changes among the fruits and vegetables. The quotations: Today’s Wholesale Prices. Butter—Fancy, tub, 51; prints, 5: packed, 3 38; average receipts, 35. | — Alive — Spring chickens, small, 31; heavy fowls, medium fowls, 24; small fowls, 22; ks, 15a20; ts,’ 40a70; turkeys, 5, geese, 12al Dressed—Spring chickens, large, 32; small, 28; ducks, 20; geese, 121 Live st Calves, 11a12%; lambs, Spring, 13%al4; hogs, 12a13% Meat—Beef, 15a19; veal, 19a20; Spring lambs, 28a30; hogs, 21a22; loins, ; smoked shoulder: Fruit and Vegetable Review. market report on fruits and compiled by the Market ce Bureau of Agricultural says Supplies slow, market gull Maryland and Virgin ties, medium to large few fancy farge s hams, 32. Economics, Apples- liberal; demand bushel baskets, various varie. moderate too few prac sales no demand to quote (‘antaloupes—Supplies light; demand ®ood, market slightly stronger; Colo- salmon tints, flats, 12s and ; standards, 3 2 jumbos, 458, pink . jumbos, 12 .50, ‘mostly Honey Dews, standard crates, { 50, mostly apes—Eastern supplies light; de- mand moderate, market steady: Dela- ware, 12-quart Climax baskets Con cords, best, 1.00; poorer, 85 cents. Lettuce Market Weak. supplies _liberal; demand very light, market weak; New York, wide range quality and condi tion two-dozen crates Big Boston type i best, 75a1.00; wasty, 25a50. Onlons pplies moderate: demand slow, market dull; New York and *Massachusetts, 100-pountl Vel United States, No. 1, Pears—Supplies moderate: demand moderate, market steady; New York bushel baskets, Bartletts, 2.25 Potatoes—Supplies moderate; _de. mand moderate, market steady; New 150-pound sacks, Irish Cob- United States, No. 1, 4. 150-pound sac , Irish Col rs, United States, No. 1, 3.90a4.00; Michigan, 150-pound sacKs, Rus Rurals, United States, No. 1, 3.50a3.75; ‘lvania, 150-pound sacks, Round United States, No. 1, 3.50a Peach Supplies Light. light; de- New Yor! poor qual Pennsylvan medium Peach: mand good bushel and condition, 1.25 Elbertas, —Supplies very market firm; baskets, Carm: ity bushel s Bize, haskets, 4.2 to demand Carolina market dull. North lgh clothtop, stave barrels, yellow varie- tles, poorly sraded, some wasty, 2.50 to 3.50. ‘omatoes— Homegrown — Receipts jerate; demand moderate, market v; 1-bushel hampers, 50 cents. Cucumbers—Supplies very light. New York. bushel baskets, No. 1, 1.13 to 1.50, dills, 1.50 to 2.00. Caulifiower—Supplies light; demand slow; market steady. New York, crates, 1.50 to 2.00. Watermelons—Supplies very light; demand good, market firm. Dock sales, Virginia, bulk, per 100 melons Excells selects, 50.00 to 60.00; primes, 35.00 to 30.00. NEW YORK DAIRY PRICES. NEW YORK, September 9.—Butter —Firm; receipts, 30,011 Creamery extras (32 score), < (38 to 91 score), 44a46%: packing current make, No. 2. 37, IR receipts, 39,560 cases. Cheese—Steady: receipts, 299,547 pounds. DAIRY PRODUCTS. BALTIMORE, Md, [ September (Special). — Live _poultry — Young chickens, pound a32; Leghorns, 8 old hens 0; 0ld Leghorns, old roc 16a1 pigeons, : ducks, cases; native and nearby dozen, offered at 33. Butter—Good to fancy creamer pound, 43a48; prints, 48a50; ladles. 38; store pacl 352 dairy print process butter, 40adl; rolls EVERYMAN’S i INVESTMENTS BY GEORGE T. HUGHES. Freight Revenues. Facts of great interest to the in- vestor in railway securities are con- | tained in an analysis compiled by the Interstate Commerce Commission eof the character of the total freight ton- nage carried. © It is surprising to! those who have not studied the mat- | ter to learn that more than half of al the freight carried by the railroad: of the United States comes under | the designation, ““products of mines.” | Bituminous coal makes over 2§ per| cent of the total, and is the largest in amount of any single commodity. That is to if the use of soft c were ever abandoned the raflroads would lose more than one-quarter of all their business expressed in tonnage. | Agriculture accounts for only a lit- | tle over 103 per cent of freight. The | farm product of which the most is carried s wheat, but the proportion of wheat for frelght is less than 2 per cent. Corn comes next to wheat amon the grains. Flour, meal and other mill products make up over, 2 per cent. Under the head of manu- facturers and miscellaneous, which | accounts for a little over 23 per cent automobiles and auto trucks are re. sponsible for only seven-tenths of one per cent. The detalled classification is too long to be given here, but it re- veals many other significant points of value in gstimating the service rail- roads perform. It must not be for- gotten that individual roads do not sarily conform to these general- which apply to the carriers as a whole. On some of them the proportion which coal shares to all freight is Jarger than the average: in some it is much smaller. It is the same way with agricultural products; some roads ®arry huge quantities of graf arry little or none. Near Mergenthaler Lingtype. . . . road, however, in its annual report, | National Mige & Inv. ptd: e s 01d Dutc ¥ shows from just what sources its|Old Dutch freight revenues are drawn, and the conscientious investor can learn much of value in the study of the figures. _ ACopyrichie 19258 I Seeuri Lanstotn Received by Private Wire BY WILLIAM F. HEFFERNAN. | NEW YORK, September 9.—The advance in the call loan renewal rate to 5 per cent today, following Tues- day's high figure for new loans, failed to act as an influence in the curb market dealings today. The upward movement kept on, advances extend- ing to 5 points or so in several in. stances. Ingineers' Gold, Pathe Exchange, class A, and Gillette Safety Razor NEW YORK, September 9.—Fol- lowing is an offielal list of bonds and stocks traded in on the New York Curb*Market today: Sales in BONDS, thousands. igh. Low. Close 3 Allied, Pk Hs (T3] Am Gas & El % 4% Am Pow & Lt i3 Am Roll “Mill 1004 Anaconda U 104 §Asmo G E 411 43AGAEWISS 6% 1 Beaverboard Sx. 13 Bell T ery_7e 1 Cons G Balt 2 1Cons Tex Ns 5 Conerove M U 1 Cuba_ Co, Slndshy be 4 udahy BigE .l 913 43 Deere & Co 7%s. 1084 1Det City Gas 8a. 105 8Det Edison bu B. 0014 1Det Edison Gs... 1208 120% 4 Gair. Robt 7s. /104 = 103% 20 en ‘Tee Cr Gige.. 108 10734 5 Grand Trunk §34a 108% 108 1 Hood Rubber 7s.. 1041 1047 18 Kans City Term 4s 8413 "8} 3 Kevstone T p blas 1 LRt Power 0 W real est 00 Prod 7 100 & Am Cem tiigs rS P M C 00 % s 10 Schulte R E 1 pd 65 1 Southeast P &1 e New Yk 6138 1 Swift & Co 5. . Cranscont Ol 10 Un O}l of Cal B - 7 ub s Rib 4182 Rub 833 Rub Rub Rub ub s Cx! 'S ub S Rub v _Graz 8 st RR France s 1 ‘Gmk"r ;‘\‘u’n 7s ofs Blgs n Goxt e G Bigs N cf & y 3 Govt 30 Thyssen” Ir&st % 7 Toho El Pw Ld 7s 6 Tokio Elee 8s .. Sales STANDARD OIL ISSU! in units 100 Buckese P L 7 30 Chesebr Mfe bfd 11315 20000 Continent 01l nw 2 10 Cumberland P L. 1 130 Gal Sig Oil. .. 4600 Humbie On & H 1700 Imp Ol of Can n 2011 P L Lid B 16100 Inter Pet ¢ 10 Magnolia Pet 10 N°Y Transit 400 Qhio Oil ..l 10800 Prairie O & G o 240 Praitie P L... . 20 South Penn ‘Gil 0 Indiana O Kansas Kentucky W o Sales in hlrds. 19 Am Maracaibo Co 1 Argo Oil 21 Carib Synd 21 Cit Serv new i Columbian $vid @ Creole Synd 1Crown Cent Pete 4 Euclid Oil Co. 6 Gihson Oil Corp 5 Gulf Oil of Pa. 3 Lago Pet ...... 2Lion Ol ... . 10 Livingston Pet 3 Mex Panuco 26 Mount Prod i Nat Fuel E New Bradford 0 68 New Mex Land. 90 Noble Oil & 1 Ohio Fuel Ofl. . 6 Pan-Am Wes P 'wi 7 Peer Oil Corp. 1 Reiter-Foster il 0 Roval Can O&R 08alt Creek Cons 7 Salt Creek Prod 1191 51t 1 1 1 255 s s Washington Stock Exchange SALES. hington Gas 5s—$1.000 at 100 hington Gas Light—6 at 63 W Ashington Rwy com.—10 at ) at 175. 10 at 17435 Rigks National Bank—10 at 382 Lanston Monotype—12 at 817y AFTER CALL. Washington Gas 5s—S1.000 at_997T, Potomac Electric cons. 5s—$1.000 at & Cabital Traction Co. Capital Trac e Capitol Traction bs— at D9 y. & Suburba Inv. pfd.—50 at 8% at 1001 at 1001 00 at 99X, $500 v 55—$1,000 at $1.000_at K3 iy “and Suburban 5s—$2.000 at E3%. Money—Call loans, 5 and 6 per cent. BONDS. Bid and Asked Prices. PUBLIC UTILITY, Bid. a. a Rwy American Tel. & Telza. 4 American Tel. & Telxa. 4 Am. Tel. & Tel. ctl. tr. 5 Aniicosuia & Potomac Se. h i, guar. 5. 49% § Miopnone o, & P Telephone of Va! Cupital Traction R. R City and Suburban’ 5s Georgetown Gas 1st 58 iac Eleetric 18t Potomac _Elec. cons. 5 Pot. EL. Pow. g m Wash.. Alex. Wash.. Ales L.V Wash', Bait. Potomiac Elee, Washington Gas Washington Gas s Wash. Rwy. & Elec 4s. ... Wash. Rwy. & Elee. gen. 8s. MISCELLANEOUS. ¢, Paper Co. 0e Loy s ¢ 85 Bol foivettone Lid Bic. 5a.. idi% 108% Rixes Realty (Long) 58..... 1 i Riges Healty (shor) 5. = R hemn Bi Wash it Wardman Pa: l | PUBLIC UTILITY. American Tel. & Telga.. 140% % &ibital Tractio = 2 dogig ! Wishington Gas 65153 Norfolk & Wash Wash. Rwy. & E Filrme Fraer fhetty Lo Metropoit IEKS v L National Bank of W ashington TRUST COMPANY: ! American Secutity & Trust A nental - Arust. crehanta Banx. donal Saviiie st Wikl Loan aid Hrusi. SAVINGS BANK. Commer Sarton s x Eairity Savings & Coin Seventh Street. United S X Washington Mechanies' FIRE INSURANCE. 4 | EESE RESEIS 400 American. Corcoran Firemen National 3 TITLE INSURANCE. Columbia Title. ool Real Estate Title MISCELLAN td. rane, & D. €. Paper rchants Storage, Security Sto; Yéliow Eab. *Ex div. 1l% % extra, NEW YORK CURB MARKET Direct to The Star Office were leaders in the upward move- ment. Large blocks of Serv. El. Cor- poration were taken at 30 and there was special buying of Kelvinator at better prices. Fox Film, class A, went along with Pathe Exchange, reaching the 71 level, Even the olls bore their share of the recovery and were more active than in a long while. The campaign In the motors showed ino signs of culimnating and higher prices were reached by Stutz. 4 Sun Ol .o 9 Venezuelan Pot 6 Wilc Ol & G n 1 w nt Ravon Prod 2 Am Superpow A 9 Am Superpow B 1, Armstrong Corl 1Ariz Pow & Lt 51 Arm & C B vie G 3 Bridgeport Mach 3 Gan D GI A now Car Light .. . Carolina P & L. 1 tril Pipe COr S"Nip Ko Chic Nip B Tt Christie’ Brown leveland. Auto Commonw Edison Commionw B pf. . 23 Commonw P hew 44 Commonw P ria. . 7 Cons G Bal new Cont Baking A. - ont Paking B | & Roviel % Co A 20 Shpr. 104 1 1B & S ucor. GO0 lec Invest Tncl. BA& isenlobr Bros. . 14 Pul 8 PP bt 100 rs C. 1 h Trugk M. MC nf ‘ed Eisem R'C Freshman, Chas.. alv Houkton El Garog Corp .. illette S R 3 Glen Alden_Coal, 17 Goodyear Tire 1 2Grimes R & C R 7 Happiness C 8t A 1 Hazeltine Corp 3 Hellman Rich pf 3 Horn & Hardart.. o 111 Pow Lt pf 1 Iy Goner Ina'¢ 4 Intl Match C ptd 12t Utilities B 10% Johns-Manville & Jones Radio, .. .. 6 Kelvinator Cor." 1 Kiener-Wme 81 Menwel Box™ 0 6a id West Uil 11 14 Wl ptd 9710 2Mid W U pr dien 106 Midvale Co 10% Miller Rub 19 Mohawk Val new 4 10 Music. M b SN Y Tel Co ptd k P nw pf wi Corp A Corn B 0 Pow ¢ 3 18 Purits ‘Bak B 4114 Pyrene Mix . [ Reo Motor 2: 395 Rova Radio || s il G_P nw Vi 1 W Serv El Corp A - B 30 2 Slcep Rd v & o 6% Southeast P & 1 14: 4280 1431 ou PL new wi 3 i South _Calif Ed Y 11 Cal Ed B pf 06 O 86 Sou Dairtes A.. 54 53k 5% 85 Sou Dairies B wi i 3N 34y Sou_Dairics rts wi 11 t Reg_Pap 8 tand_Pub ¢ 2 20 Stutz Mot i 8 Swift Int] 5 Thermiod Kad '€ 41 Thomp R Cvie 3 Timken Axle Tob Prod Exp Trans Lux Pie A Trumbull Steel Tubize A S B vt Union Carbide . United E Coal vie Tni G & Imp C Uni Lt & P A T'm Pft Shar. 15 g Yo i PRt S FEREER Sales in MINING STOCKS. hundreds. 10 Ariz_Globe Copk 4 Canario_ Copper. 10 Chino Ext Mines .18 20 Comstock Tun. . 10 Cons Con Mines. % T2y 3 Creseon Gald. . . . % 2% 3 Ene Gold M Ld T 77" 831 idan, Center 31, “tw by den_Center M. 6 Hecla Mine. . ... 1BY a4 36 Kay Copper Cor.. X 1% 4 Magon Val 2 2 Niplssing ix ay Onio Coppe 84 84 haw Mines 69 64 agr oag) 28" a3% 07 07 7 7 4% 3% STOCK UP 55 POINTS. NEW YORK, September 9 (#).— Texas Pacific Land Trust, one of the most inactive stocks on the ‘“big board,” moved up 55 points in two small_transactions yesterday, selling at $376 a share, compared with $320 in a previous transaction two weeks | ago. WOOLWORTH SALES UP. NEW YORK, September 9 (#).— August sales of the F. W. Woolworth Co. increased nearly 11 per cent over August last vear, $18,779,502 against $16,932,027. The total of $137,905,511 for the first eight months of 1925 was @ gain of 11.06 per cent over the $124 175,129 for the same period of 1924. STEEL SCRAP OFF. NEW YORK, September § (&) Heavy melting steel scrap is off cents a ton in the Chicago distri dealers quoting $16.50 to $16.75. Plg iron producers in Tennessee have advanced prices 50 cents to the base of $18 a ton. Stock Split-Up In Mack Trucks Is Only Rumor By the Associated Press. NEW YORK, September 9.—Direc- tors of Mack Trucks, Inc., today de- clared their regular quarterly divi- dends of $1.50 a share on the common and $1.75 a share on the first and sec- ond preferred stocks, setting at rest reports that a split-up of the common shares for a stock dividend would be authorized at this time, FURTHER ADVACE N COTTON MARKE quernment Crop Report and Dry Weather Are Chief Factors in Trading. By the Associated Press. NEW YORK, September 9.—The cotton market recovered early today the greater part of yesterday's late re- action. Buying on the bullish view of the Government crop report ev dently was_ stimulated by the firm- ness of the Liverpool cables, continued complants of crop deterioration in the South and expectations of a very un- first hour prices showed net advances of 33 to 34 points, December selling at 23.63 and January at 23.09. New York cotton futures closed steady at net advance of 31 to 34 points. January Opening 283 March, May, 48; Octobe: 06 Decembe: New Orleans Quotations. NEW ORLEANS, September §.— Cotton futures openad steady, October, 22.60: December. 22.83; January, 22.90; -07; May, 23.15. New Orleans cotton futures closed steady at net advance of 22 to 28 potnts NEW RATE ORDER Tell I. C. C. Lower Charges on Soft Coal Would Be Unfair to Carriers. By the Associated Press. Railroads which were ordered last month by the Interstate Commerce Commission to prepare a new sched. ule reducing rates on West Virginla [ low volatile coal for movement to the Atlantic seaboard and New England States today filed a formal protest against the order. The commission intends to make it possible to move into Basterr terri- tory, at low rates, types of bitumin- as substitutes for anthracite. The Pennsylvania, Baltimore and Ohio, New Haven, Boston and Maine and Reading Raflroads joined in pro- testing the order on the ground that | They declared also there was no rea son for making reductions to point south of New England, and that under the order they would be re- { quired in many cases to charge a lesser rate for a long haul than they now charge a short haul. Another point raised by the roads was that the rates to Baltimore from West Virginia, under the order, would be $3.45 per ton,. whereas the figure should be $3.70. 'The objections were set forth In a brief to the commission. GASOLINE PRICE CUTS BELIEVED NEAR END Special Dispatch to The Star. BALTIMORE, September 9.—Ad- vices reaching the financial district are to the effect that price adjustment in the oil industry has been about com- pleted. Further reductions, due to special causes and affecting particular sections, are expected, but the situa- tion as a whole is described as more | promising Some of the biggest interests in the United States are reported to have acquired large holdings of oil stocks at the low level of prices and are still accumulating the issues. - EXTRA DIVIDEND VOTED. TUnited Shoe Machinery Also De clares Quarterly. NEW YORK, September 9 (#).—An extra dividend of $1 a share on the common stock of United Shoe Ma- chinery Co. was declared today in addition to the regular quarterly dis- bursement of 6215 cents. Pennick & Ford declared a divi- dend of $1.75 toward accumulations on the preferred and the regular quarterly dividend of $1.75, payable October 1 to stock of record Septem- ber 20. SHOE STRIKES SETTLED. LYNN, Mass., September 9 (P).— There have been over a score of strikes in shoe factorles here in the last few weeks, practically all of which have been settled in 24 hours. The strikes are the result of a determina- tion by the unions to eliminate open shops in Lynn and compel uniform payment, in accordance with the scale agreed on before the State board of arbitration. O S British farmers are now more pros- perous than at any time since the war. Offers In Ho ot Gomacioad Foons INDIAN MOTOR CYCLE PAYS FIRST DIVIDEND NEW YORK, September 9 (#).— Dividend distributions vesterday were featured by an initial disbursement of 50 cents a share on the common stock of the Indian Motor Cycle Co., which, it is understood, would be placed on an annuai dividend basis of $2 a share. The regular quarterly payment of 1% | per cent on the preferred also was authorized. | An extra dividend of 3 per cent was D. ¢, WEDNESDAY, SEPTEMBER 9, 1925 REAL ESTATE LOANS First and Second Trusts Construction Loans Lowest Interest Rates N. L. Sansbury Co., Inc. 1418 Eye St. N.W. Main 5904 FINANCIAL FRANK | Organized 1879 ....$5,031,814.86 Surplus . YSTEMATIC Equitable Co-operative Building Ass'n JOHN JOY EDSON, President Assets. .. REESIDE, Secretary 45TH YEAR COMPLE) ... $1,352,749.93 Subscriptions for the 89th Issue of Stock Being Received ED ous coal used in more or less-degree | the decreases would reduce revenues. | any | dend of 2 per cenf declared by the Reo Motor Car Co. addition to the regular quarterly divi- in i 00000000 Funds available for chase of all kinds of notes, secured on D. real estate. every case. $ $ $ % Joseph I WANTED! SECOND TRUST NOTES de.. th pur- nd trust REAL ESTATE LOANS FRED T. NESBIT INVESTMENT BLDG. FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President Money to Loan Secured by first deed of trust on real estate B S T 1. Weller STratt Fromipt " action ta Washington Investment Octot Hish, Low 51 % ANY_ AMOUNT ctober ; T HOUSES fgbe 5 /0 ARSI EROERTY {f,’.’.‘:!;,”’ RESIDENCE LOANS AT LOW RATES Main 9392 - rrengBe ol G and Transactions Co. | ns B 4th St. N.W. | The opening was 5 to 12 points B | higher, and before the end of the 8 WE PAY MORE INTEREST | ON SAVINGS ACCOUNTS T 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 ||| B GOLDEN DONALDSON. PRESIDENT | 1 | —on First Mortgages on im- proved property in Washing- 713 & 715 14th St. N.W. ONEY TO “LOAN |First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. Prompt Action AVING The only way to get a home is to save for it. F Shares $2.50 The best way to get one ton. Current rates. Prompt is by saving systematically thru the service. Equitable. Our plan is helping to buy homes for many Washingtonians PER HANNON - & LUCH ARE YOU ONE OF THEM? MONTH JOIN TODAY 915 F St. N.W. 738 15th Street S S If Is Your Money Always Safe Wi Consists of a “Hiding Place” About Your Home— Bring Forth Any Such Funds and Secure Them Beyond Possibility Of Any Loss By Purchasing Qur First Mortgage Notes Paying 63% Interest ECURED SAVINGS--, n If's in a “Safe”? ly, It Is Not That Safe 912 15th Street N.W. APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the Dietrict of Columbia and adjacent Subwrbe In Montgomery County, M& 5: % INTEREST JSApply so H. L. l;UST COMPANY LOAN CORRESPONDENT ®he PRUDENTIAL INSURANCE COMPANY o AMERICA Main 6883 = Mortgage Investment Dept. | Money ‘. loaned, in nearby Maryland ginia as well 3 We have funds that under psoper con Accommodating a s in the Dis | Our Mr, Kelley will be glad to { give consideration to such [ avests—with prompt action. | There is never any undue d lay in passing on borrowers' || reauests in tnis omce. ; M‘Kezvmucoss Realtors re- | | | to Make First Mortgage Loans on Improved Real Estate the District of Columbia and Suburbs for 3, 5 or 10 Year Periods FOR RENT Office Space Only One Suite Available Approx. 1,000 Sq. Ft. Saul Building 925 15th St. N.W. Your Inspection Invited Elevator—Good Service —Modern Equipment B. F.Saul Co. Main 2100 925.15th St. N.W. The New York Life Insurance Company RANDALL H. HAGNER & GOMPANY MORTGAGE LoAN GORRESPONDENT o o 1415 K Street Main 4752 713 and 715 14th St. N.W. HANNON- & LUCHS Main 2345 416 Electricity Bills “Lighter” | —Nearly 109 Reduction | E. H. Rollins & Sons I Owver @ Quarter of a i Century i Y. ks e Without “Power and Light” a Loss our booklet, tells about this growing industry. Copy will be sent upon request for A B. Main 2100 Founded 1876 J Woodward Bldg., Washington The purchaser of our FIRST MORTGAGES gets the security of choice Washington resident property. They have a proven record of safety. SAFE 6% FIRST MORTGAGES F. SAUL CO. 925 15th St. N.W. 1 Il SAFETY IS ALWAYS MORE | IMPORTANT THAN INCOME What 7% Fifty-two Years of Proven Safety feature of Smith Bonds 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. Profitable as well as Safe Proven safety is the In Smith Bonds, the proven safety of 52 iscombined 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 our Investment Savings Plan, which gives you the full rate of bond intereston every payment, and which enables you to compound your interest at the bond rate, An Independent Money grows surpris- Monthly Income ingly fast when inter- est is compounded at 7% If you invest $50 2 month in 7% Smith Bonds, and reinvest your interest at the same rate, you will have saved, in 10 yeats, $8,657.10 ~—enough to give you, at 7%, a monthly in- come of more than $50; that is, a monthly income greater than your monthly investment. THE F. NEW YORK PHILADELPHIA NO LOSS TO INTEREST Means toYou This rate on Smith Bonds is combined now with a record of no loss to any investor in 52 years Here is another ex- How $10 a Month Becomes $25,000 ample of what 79 will do. If a man starts at the age of 25 to invest only §70 a month in 7% Smith Bonds, and reinvests the interest at the same rate, he will have, at the age of 65, more than $25,000. Yet he actually will pay only $4,800. All the rest will be com- pound interest. Howan Investment Our Investment Sav- Doubles Itself ings Plan also enables you tocompound your 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 7%, your original investment of $1,000 will grow, in 1034 years, to $2,000. First Mortgage 7% Smith Bonds are Security First Mortgage Bonds, strongly se- cuted by improved, income-producing city property, and protected by time-tested safe- 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 all details of our Investment Savings Plan. H.SMmiTH Co. Founded 1873 PITTSBURGH MINNEAPOLIS ANY INVESTOR IN 52 YEARS SMITH BUILDING, 815 Fifteenth Street—Main 6465 @ e — A ee———————————r e