Evening Star Newspaper, September 26, 1925, Page 15

FINANCTAL. PRICES ARE STEADY AT CENTER MARKET Week Sees Slight Changes as Weather Aids Buying. Plenty of Late Corn. An appreciable change in weather tonditions this week was fully appre- ciated by market dealers, especially dealers in fresh meats and poultry. Egg dealers also realize that the cool Weather will benefit their business by increasing demand and decreasing vandling losses. Butter and egg prices continued firm, as did prices for veal and lamb. Prices of beef and pork remained ebout the same as those quoted at the beginning of the week. Fruits and vegetables continue fair- 1y plentiful. and a good demand for them was reported during the week. Fruits and vegetables for canning and plckling purposes are reported by dlealers as being cheap. Vegetable dealers are displaying an Interest in the late crop of sugar corn for table purposes. Growth of the corn was Interrupted by the long dry ®pell. Later the growing crops were benefitted by rains, and it Is believed there will be a f good crop of the late vegetable. Today's Wholesale Prices. Butter—Fancy, tub, 523 6412; store packed, Eggs—Fancy, selected, candled, 38a 40; averags receipia Poult large, 28a30; 20a21; ducks, 25a30: geese, prints, chickens 25; heavy fowls, ts, 40a75; turkeys, Dressed-—Spring chickens, large small, 32; tuskeys, B8; ducks, 20; geese, 1 Live stock-—Calves, Epring, 16; hogs. 14. Meat-—Beef, 18; veal, d4ambs, 30a32; ho loins, 37; &moked shoulders hams, 28a30. Fruit and Vegetable Review. market report on fruits and zetables (compiled by the Market ews Service Bureau of Agricultural Jnomics). xays: Apples—Supplies lambs, 20a22: Spring liberal; demand market steady; barrels, Virginia, 1. Grimes, 2!3 inches up, 5.00a %.00: bushel baskets, various varieties, Daryvland and Virginia, large size, 1.50a1.75, few 2.00; medium 3.50; Maryland, bushel tubs, Jdonathans, 213 inches up, 2.00. Cabbage—Supplies light: demand %ight, market steady; New York, bulk per cwt., Domestic, round type, 1.50. Grapes—New York, 2-qt. climax ¥askets, Concords, 26a28; Delawares snd Nigaras, 23a24; Colifornia, crates, Flame Tokavs, best, mostly 1.76; {rates, Malagas, 1.25a1.50, some ordi- tary condition, low as 1.00. Lettuce Demand Light. T.ettuce upplies light: light, market firm; New York. 2-doz. crates, Big Boston type, ordinary qual- jty and condition, 1.00; Colorado, crates Iceberg type, 313-4%3 doz., 3.30a 3 few 4.00 Onions — Demand light; _supplies Jight, market steady; New York and Massachusetts, 100-1b. sacks Yellows, T. S. No. 1, 2.7583.00. Peaches—Supplies mand light, market dull; New York, hushel baskets, Elbertas, medium to Jarge sizes, 2.0042.50; some ordinary guality and condition, low as 1.50. Pears—Supplies light; demand light, market steady’ ew York, bushel bas- Xets, Bartletts, No. 1, 2.75a3.00; Wash- ington, boxes Bartletts, fancy, 4.00a 4.25. Potatoes—Supplies moderate: de- ynand moderate, market steady; Maine, 150.1b. sacks Irish Cobblers and Penn- svlvania Round White, 17 S. No. 1, 9.75a3.85; New York, 150-b. sacks Round Whites, U. 8. No. 1, mostly 8.75. Sweet potatoes—Truck and home- grown recefpts light; supplies light, demand moderate; market firm land, cloth-top stave barrels, No. 1, 5.00a5.25. Cantaloupes Cheaper. Cantaloupes—Supplies moderate; mand slow, market slightly weaker; Colorado, standard 43s, Salmon tints, 1.50a2.50, according to quality and acondition; pink meats, pony flats, 158 gnd 18s, .16; standard flats, 12 nd 158, 1.00a1.15, mostly around 1 jumbo flats, 9s and 128, Nevada, Hearts of Gold, ats, 128, 1.25a1.35, standard 36s and ‘i"?n mostly 3.00. (‘alery—Supplies moderate; demand ‘ynoderate, market dull: New York, 2-3 ‘rates, In the rough, 2.00a2.25. Tomatoes — Home-grown supplis gnoderater demand moderate, mark fteady; Home-growns, %-bushel ham- Pers, 0a65. Fggplant—Supplies liberal; de- and light. market weak; home-grown, ushel crates, 5, mostly around 50. Tima Beans— Supplies moderate; pnand moderate, market firm; home- &rown, 32-quart crate, mostly 25 per ‘guart. GERMA}T BONDS AND 7STOCKS. (Quoted In dollars per million marks.) demand moderate; de- Ger Gt (w In) 58 101418 Amburg 4 s 1916 &t marks. 1 18.00 2700 1700 Gr. Ge. Gen » Gen F\-u pE R it At Bripn,0s WL ¥ M.m..n‘\.w 4 e R e pre-war Budivche ‘At AEEe Sommes' i Doy 5 FOREIGN EXCHANGE #Quotations furnished bs W. B. Hibhe & unal selling « old value. $4.8605° sS4 e Ry .00 2400 100 Eles Privat chaft S ..‘.y.m .ondon. pound fontr follar aris. franc russals erlin. ome. urieh A then mark. lira. franc drachma. adrid. peseta. ienna. crown. . udapest. crown. . ragUS. CrOWI varsaw. zloty ‘opanhagen. Shrigtiania. tckholm. crown.. . TR.EASURY CERTIFICATEB (Quotations furnished by Redmond & Co.) Ofter. .. 991518 100 D00 Tsz 1000z 2 1 101 1's-32 101 21-3% CHICAGO STOCK MARKET. CHICAGO, September 27.—Follow- jug is a report of today's sales, high, w and closing quotations at the Chi- ago Stock Exchange: 3 High. ¥76 Am_Shiobunde .. ‘783 15 Boaveroart pra” 434 g(’ Commonwlith Ed. 137 & 6 Cudahy e 100 50 Foots G 00 Hupp Motor . Kraft Cheese Midl Ut P L ||( Montgom Ward Real Silk o Watner | nited Paper B. 8 g’n!\lm . 00 00 Faine Pari Pre. 35 Sellaw Cabh . otal eales, 4,000 shares. 1 5 i 9 i B¢ 0 THE EVENING STAR, WASHINGTON, D. C, NEW YORK CURB MARKET Received by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK, September 26.—Fur- ther liquidation was in progress in the closing session of the week on the Curb Exchange and prices generally were inclined toward lower level. Baking Co. shares, however, were ac- tively bought In sympathy with strength in this class of shares on the Stock Exchange. Continental Baking B was bought in large volume around 35, where it was up 1% points, and Grennan Bakeries, which had NEW YORK, September 26.—Fol- lowing is an officlal list of bonds and stocks traded in on the New York Curb Market toda Sales in thousands. Doom T X 2o oSsSae s i ahce e eons 1D 1lGhend Erunk ®1a B Guit o,l Corn' 83 § RREETIEE EErE et BRlia Rap 1t Pure Ol Co 6 A RE lst 10 § AL e wi 16 Sou East P& I 3 Stand M Cor_ 5 £ 65 10015 2480 o 07 2, Y R 6 42 Rub 615s S BEIIoos o rrIo o to0s XIoANRDEDE RS a S83ZSEER3R5ESR2RRR32835222388RES2E: ) 991 SCOTRCT o h lxnnnkq HE o8 i FEIFE GRS A ~ i R A S 3 Toror “hkp ales in STANDARD O shares. 2600 Cont_Oil new. 20 Eureka P 1 25 Galena Signai Oil 1000 Humble O & R Oil of Can'n & TR Luwd. . 20 Northern P 1. . | 2900 Prairie 0 & G n. 10 Prairie P 10 Southern 11003°0 p 21 - - ERINESIRRERE38 »Babaaliamaeatas RRBE2IEBIEEEREIE £ RRRET P FEE 3 3 n hdrds. 11 Am Maracaibo 3 BritAm 0il 2 Cardinal Pef Carib Synd Cities Serv naw.. 5 Gities Serv 38 1 Cities Serv BB 40 Columbian Synd.’ 4 Creole Synd. 2 Crown Cent Pete. 8 Euclid Ol Co... . 18 Gibaon Ol Cor... 4 Gult il ot Pa.l; 12 Lago Pet. 28 Livingsto: 19 Mex Panuco 2 Mount' Proa” 1l 11 Mount Guif . "1 1 New Bradford 0. ew Eng Fuel O 7 New Mex fand. . oer OL1 . o o 2 'S Ly N PEs PR P A B Dr A S 2k R D B B on ot e et 1 i P S e S ST s i 2 2 3 St G prog” a i & Venezuelan Pet 3Wie O &G ne 36y o T INDUSTRIA 1 Aero Sup Mt B. 5Am Gas & EL- . 6 Am L & Tr. Am Pow & 1. Am Ravon Prod. 3 Am Superpow A. 8 Am Suverpow B 371 1 Arm Co B vie cfa 161 12 Aero Gas & Elec. 30 5 Atlas P C new.. 621 1 Borden & Conew &1 2 ry Gin A n 13 Car Lixhe 2 Carolina P & FEESE SR BY STUART P. WEST. Special Dispatch to The Star. NEW YORK, September 26.—The more important questions raised by the happenings of the last week in the business world are what is to be the effect of the recent decline in farm prices, what will be the result assuming a satisfactory conclusion of the French debt negotiations, what is the significance of the sharp fluctuations occurring in moneyrates and finally how far has the specu- | lation for the rise in stocks been justified by the facts connected with company earnings, with dividend | changes and with possible capital| readjustments? | So much lrus Leen made, in the| | discussion of the last vear, of the im- rovement n agricultural conditions | nd of what this has meant to the | buying power of the farmers that nv chunges in the opposite direction | have to be seriously noted. Grain Trade Miscalculated. For one thing, the grain trade bad- Iy overestimated the damage done to the corn crop by the drought pe- riod in the Summer. The discover. its mistake has led to a severe decline in prices and corn is selling now some 30 cents a bushel under what it | was a year ago. Other grains, with | the exception of wheat, compare | quite as unfavorably with the 1924 quotations. In the case of wheat the main point | is the extent to which the market has come down from the season’s high. Wheat dealers have also gone astray | in their calculations, first regarding | the increases in Canada and in Eu- rope. The Government's estimate of a cotton yield of nearly 14,000,000 bales when the market had been looking for a further reduction caused an abrupt break in prices. Cotton is sell- ing substantfally where it did a year 2go, and this means that the profit of the cottom raiser promises to be comparatively small As against this is to be set the de- clded improvement in the live stock industry. Prices of cattle, of hogs and of meat products are much above what they were last year at this time. The agricultural communities thus have lost in one direction and gained in another. On the whole their outlook is' favorable, although noth- ing to enthuse about. They appear to face a season of moderate good times, but nothing more. Debt Settlement Is Factor. If a satisfactory agreement is con- cluded between the French and Amer- ican treasury reprgsentatives over the war debt it will another factor, even if a minor one, helping the plans for domestic tax reduction. Second, it will be a stimulus to the security business, because it will release large offerings of new French issues which are contemplated for the Americar market, but which are awaiting the outcome of the debt refunding confer- TUMBLE IN GRAIN AND COTI‘ON CUTS FARMERS’ BUYING POWER Losses Partly Offset by Higher Live Stock and Meat Prices—Averages in Stock Market Just Under High of Year. Direct te The Star Office been comparatively inactive recently, changed hands at 19%. Further liquidation of Engineers Gold caused another sharp decline to a new low. It carried with it Golden Center Mines, but the decline was not pronounced. The motors and tires were higher and some of the ofls were disposed to do better, but improvement in most instances was fractional. A new high record was established by Southern California Edison, and Power Corpora- tion of New York gained several points. Other utilities were little changed. ] om0 Z 28150 201191314 SR DIk nE e R me DI A PBE BE S RO A SRR OROBE SN TS RS R 31022 S e Dk :.saeuaw%i‘:-fifi ‘ord_ Mot Co_Can 500 Frank HH M C 47 1 Frank HH MC pf 80 1 Freed Eise R 14 9 Garod Corp .... 13% % o 3 G 05 ORA DA DU BB DI S OLIR DI R i L R R R DB O A AB LB S DBl BB IHIOR DB DGO 8 2 Gen Ice Cream.. 4. 1Gen GAE new A b 1Gen G & E pfd A 106 12 Gllletta S R .. 108 2GaL Po & R . 10 Goodvear T ptd. 3 Grennan Bak ¢ Grimes R & C Happiness & 8 A 5 Inter Cont Rub * I $ini Mateh € nrd 10 Inter Ttil B Tohns-Manville ¢SSy # o e o TV FESEERRE eh' P wec “h Val wohate 5 SESSE exzzes id West U pr In 104 2 Miller Rubber. . . Miss River Power & Lu ™ rom EaliSe 3 u o e S at Pub . 1300153 138 1303 D i i BB DS i - L s o No States P.wts. 2 0nlo Tract 2 Qutlet = 1Penn Wal ow 55 Pow Corp. N Y. 1 Proct & Gamble 7 purity “pak 5. 1Py 3 Rem" Noisel A 2 Reo Moter . 7 Richmond Rad n 4 Rora” )_\|;a1o S al 8 Sille P m Serv m Corp A AT &l 250 G 23 Sou D:lrm D & IO IO R 1SR N D O A GBS B IS ie VO PR A R 2Bl a 22 335aE S8 SO e R R B RS SEOEN 5 SE ARG KR us! 7 Stuts Mot 11 Swife Tnet & Thermiod Had ° ermic é BmempR £ Tob Brod Export Trumbull Stsel: 113 - EERES S Pt witson o 5%’ ia"Co A n b 1 Wiis Co new 3 d. 11 Yellow Taxy ¥ Sales in MINING STOCKS. hodrdes. 1 Calaveras Cop.. .. ’53"“"' & Jerome anario Coppe Cop_in lr'mmn Gold 7 Ene Gld M Lt T 0 Birst Thought M ) Flor Goldfid M .. 0 Forty _Nine M. . Gold Cent Mines L S 1o aDRTa s 1 awthorne ~ wment Mining. I Zine Xipissing 1 Onio Cop 36 Shaw Mine ¥ Teck Hugh Tonopah Ext Uni Verde Ext 2 Wenden Cop e San w3 3Ra 82500 - i SR ence. In the third place it will prob- ably be of benefit to our trade with France. These are the three aspects which make the proceedings at Washington a matter of Interest to the market But as it happens they have so far had no reflection except for a slight- ly better tone in the French dollar bonds, which logically would become more popular with American investors if the big floating war obligations of | France were taken care of. In a single week the New York banks more than doubled their borrow- ings at the Kelieral Reserve. They did this while calling in at the start | of the week Wall Street loans reck-| | oned as high as $40,000,000. These operations readily accounted for the Jump in the call money rate from 3% per cent, ms late as Friday u week augo, to 6 per cent last Monday and for the subsequent quick decline to 4. IU has not been established, one way or the other, whether the sud- den upturn in money was in the nature of a warning to Wall Street speculators that they were goling ahead too fast. But the market was Inclined to draw this conclusion, at the same time recognizing that with the immense credit resources under the Federal Reserve system, there could be no serlous apprehension of anything approaching an old-fashion- ed stringency. On the Stock Exchange the indi- vidual movements have been very much mixed. The general average is slightly under what it was a week ag: but that means only slightly below the top of the vear. In a general way the speculative spirit has received a check which most persons of ex- perience would regard as salutary. If past experience is a guide, then many of the rumors which have been circulating for the last month about dividend increases, extra stock dis- tributions and capital split-ups will turn out to be either disappointing or to have been more than discounted by the great rise in prices. Motor Shares Steady Market. The support received by the auto- mobile shares whenever they have sold off at all has been a stead mgt influence upon the market generally So has the strength displayed in some of the dividend paying ralis. Still they have not avalled to start up specula- tive interest in the market generally. Steel shares havé not got away from the adverse Impression made by the trade advices, which i8 that the vol- ume of business is good, but that the price situation is not at all good, and is seemingly not likely to improve vet awhile. Wt little optimism was aroused over the copper market two and three weeks ago. Neither the export demand nor home demand for the metal has come up to expectations and prices have fallen off. Naturally this has had its effect upon the market for the cop. per stocks. (Copyright, 1925.) has dwindled. | the | August Railroad Earnings ‘Better Than Last Year By the Associated Press. NEW YORK, September 26.— Additional reporta of railroad earn- ings for August continue to point to a more prosperous month for the bulk of the carriers than the same month ‘last year. Net operating income of the Pennsylvania jumped to $11,473,- 930 from $8,367,359 and the Read- ing Co., $2,569,456, against $1, 596,111. Surplus of the Pere Mar- quette, after charges, was $777,820, against $635,194; Boston and Maine, $084,349, against $453,473, and St. Louis Southwestern, $173,552, against $142,182. ADOPT NEW RULES IN GRAIN TRADING Board of Trade Directors Seek to Check Wild Mar- ket Fluctuations. By the Associated Press. CHICAGO, September 26.—A curb on wide price swings, provision for outside members to vote by mail and creation of a body to be known as the business conduct committee were changes in the rules of the Chicago Board of Trade adopted by the direc- torate last night. The directors accepted the report of the members' program committee, which admitted direct questions and answers to the 1,600 members, who, fn turn, will vote on the directors’ ac- tion October 9. New York Plan Followed. The business committee idea will be similar to that practiced on the New York Stock Exchange. It would be charged with prevention of such emer- gencles as that of last Winter when public speculation caused wide price fluctuations. Each of the five members would be required to pledge himself not to speec- ulate during his term. Supervision of the business conduct of members in relation to non-members, the public, the State and Federal governments, examination of books and other rec- ords, with its decisions final, would be provinces of the body. Sentiment was almost unanimously against a fixed dally limitation of price fluctuations, the committee said in 1ts report on {ix survey among the membership. A proposed amendment on price fluctuations, which the committee would submit to the membership, em- { powers ‘the bhoard of directors on 10 hours’ notice to declare an emergency exists. Upon such finding the board may provide that there shall be no trading during any day in the grain specified at more than 5 per cent, or some higher specified percentage or below the closing price of the night before. Two-Thirds Vote Required. Such an emergency, it was provided, may only be declared by affirmative vote of two-thirds of the board mem bership present, and 12 members must be present to constitute a quorum. Subsequent action to declare the emergency terminated may be taken on motion to do 80, unless two-thirds of the board members present vote to | continue the emergency. Restoration of privilege trading, or “puts and calls,” “will do more than lany other single measure to encour. age moderate daily fluctuations.” said the report “We shall never be able to provide against unusual market action brought by abnormal conditions,” it said, ndd- ing, however, that the proposed plans would eliminate the conditions, out- side these unpreventable causes, that { have resulted in criticism. COTTON QUOTATIONS FIRM AT WEEK END Good Spot Markets, Trade Buying and Fear of Storms Are Today's Factors. By the Assoclated Press. cotton market opened steady today at an advance of 1 to 9 points on covering and trade buying, promoted | by encouraging advices from the cot- { ton goods market, apprehensions that a low barometer in Sea might develop into a tropical dis turbance over Sunday and reports of |a steady spot baxis in the South. December sold up to 23.89 at the {opening, but met considerable liqui- dation or Southern selling, and early fluctuations were rather {rregular After selling off to 23.78, December rallled to 85, however, and the market held fairly steady at the end of the first hour. Private cables reported trade call- ings, offset by Manchester selling and hedge selling this mornink. New York cotton futures closed steady, 5 points up to 10 downn Open. High. Octover ... 244 o 4 88 \ew Orleans Quotatlons. NEW ORLEANS, September 2 The cotton market had a quiet ope! ing. Liverpool was about as due and first trades on October and Decem- ber showed no change, but later months opened 6 to 10 points down. Prices improved slightly right after the call on the near positions, but did not gain any on distant months. December traded up to 23.21, but {later monthe did not advance above {the opening figures. The market then {eased off on week end ew Orleans cotton futures closed barely A Bomnix b 0. 3 haints dgwn: kY December’ January T BOSTON STOCK MARKET. BOSTON, September Follow - ing is a list of today’s highest, lowest and closing prices for the most active stocks dealt in here: Am Tel & Tel Arizona Com Boston & Mai Mase Gase Marflower o e & wilt & Co Yentura Oil Walworth Warren Bros Query the Promoter. Determine how much of his own money the promoter is putting into his scheme before you decide to risk yours. Don't take his word for it— make him prove it. NEW YORK, September 26.—The | the Caribbean | liquidation. | BIG FOREIGN LOANS ARENOW PREDICTED Bankers Awalting French Debt Settlement—Retalil Trade in Sharp Advance. BY J. ROYLE. Spacial Dispatch to The Star. NEW YORK, September 26.—The | healthy condition of the business and industrial situation was emphasized today by the widespread interest in the French debt negotiations. This interest {s taken to mean that thers not only is an abundance of money in the United States to care for domestic and industrial needs, but for foreign investment. Any satisfactory plan of mettlement with France, financlers here assert, is certain to be followed by the placing In Amerlca of large foreign loans. his tendency was fully exemplified in'the credits arranged by Great Brit- ain following the English negotiations. American capital undoubtedly will be an essential factor in aiding European nations to pay their old obligations. That capital will be furnished through bankers, but it must be furnished by American investors. It bankers and investors were not confident of the stability of business conditions here they scarcely would express willingness to send their funds far afleld, since America is her own best market. That stability has been shown this week by the growth of buying power, the high rate of em ployment, the tremendous volume buflding construction, the manufac turing output and the total of retail salos, The drop in temperature recently has given the added fillip to retail buying which it has lacked In recent weeks. Buying for the holiday trade by retailers already {x assuming large proportions. The feature of the tex- tile markets, both wholesale and re- tail, 1s the popularity of the rayon fabrics and the buying of spot cotton. The Spring openings of the American Woolen Co. and other goods manufac- turers emphasized the extent of the ravon mixture demand. An addition planned for a rayon plant in Buffalo will cost $8,000.000 and give employ- ment to about 3,000 workers. Auto Plants Rushed. The automobile plants are rushing | production, and distribution by deai-| ers is at a high rate. This has alded to improve the situation of steel- makers and lead and zinc producers although demand has not been suffi.| clent to hold copper to high levels or cause many price fluctuations in other metals. It is regarded as doubtful if | the leading aluminum interests will change prices in view of the recent Trade Commission complaint The steel mills are maintaining ac- tivity at about the same rate as last week. The ofl situation showed bet- terment only in scattered localities. Production of bituminous coal is proceeding at an extraordinarily high rate in some sections. The anthracite situation is becoming more tense, with operators placing speclal stress on the necessity for arbitration as a move toward a permanent Mlll!n\!"l} rather than a pitched-up truce. Mine workers' officials are turning their immediate attention toward increasing the number of men on strike in the West Virginia districts and toward organizing those flelds. New orders for lumber are keeping well ahead of both production and shipments. Car loadings are main. | taining a splendid pace, with ship- ments of frult and vegetables a fea- ture. The latter are expected to reach a total of 1,000,000 curloads by Jan- uary 1 The speculative markets in corn and | wheat found low levels during the | week on heavy European and Can | adian harvests. But the fact was not | forgotten that the United tes | wheat yleld will be but little above home consumption and that low-, priced corn makes toward high profits | from hogs. The cotton market under- | went the usual fluctuations incident to recent publications of Government | crop forec: (Copyrint, 1926.) 1 rl EVERYMAN’S ! INVESTMENTS BY GEORGE T. HUGHES. The Item of “Good Will.” | The item of “good will” in a balance | sheet is often looked upon with sus- picion, largely because it is an in- tangible very difficult to express in dollars and cents. Many large corpo- rations carry “good will" on tge as- set side at a nominal figure or omit it_entirely. Undoubtedly this is a conservative practice, but good will has a very| real value, even if it is hard to ap- | praise. A company may have expend- | ed huge sums In advertising, making |its product a household word and es- | tablishing a trade which competitors re unable to encroach upon. Another ind of good will is that gaimed by a public utility by fair dealing with fts customers and by frankness in discussing its financial affairs. This is the most valuable kind of good will, but it hardly can be expressed in_terms of money Yet nothing ix more important to a prospective investor than to ascer- tain himself how the company sec ties of which he is considering buying. stands in the estimation of the public. The public utilities have been more fortunate in this respect in recent vears than the railroads. In part this is due to the better progress the utilities have made in enlisting their customers as partners through sale of preferred stock. Partly, it is due to the policy of the utilities in giving complete information as to their operation: (Copsrigh | Secured FEDERAL-AMERICAN NATIONAL BANK il RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President AP RFAL I"STATE LOANS 5 % % ANY AMOUNT 7 APARTMENT HOUSE! RESIDENCE LOANS AT LOW RATES BUSINES3 PROPER FRED T. NESBlT QUICK LOANS Your Real Estate Equity $100 to $5,000 No Waiting—Courteous Service District Loan Procurement Co. | 1417 F St. N.W. M. 4438 Branch Office: mac Bank Bidr.. Wisegnein Ave. Mosts Exenines 7 10" On Poto at SATURDAY, SEPTEMBER 26, 1925. Prompt Actton First Mortgage 'Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. 738 15th Street Large Loans a Specialty Ourrent int. rate and commission. Higbie & Richardson, Inc, 816 15th 8t. N.W. For Investors 6% First Mortgage Notes Denominations of $100 and Up— | All Details Given Prompt Attention | See Mr. O’Donnell, Mgr. Mortgage Department 14th & K There’s a Limited Number of These First Mortgage ke 1% It's an unusual rate of interest, but they are sup- ported by some of the very best of northwest residential property worth double the appraise- ment under which the loans were made. cially good (nvestment LBt v with small amounts use of the secur: Mr. Xelley, manager of our Loan Department, will tell you all abont it. MfK!!VEk -l GOSS _ Realtors 1415 K St Main 4752 Use a Specialist Have your rental prop- erty managed by an effi- cient and competent or- ganization—it pays the long run. in Let our experience serve you B. F. SAUL CO. Main 2100 925 15th St. N.W. When we T seems incredible that such a short time ago the human voice was first in 1876, when Alexander Graham Bell spoke the historic words “Mr. Watson, please come here, I want you,’ human voice had never before been sent by wire. how telep In was Swartzell, Rheem and Hensey Com- pany building the ground-work for their present extensive first mortgage busi- ness. in a small way, without the use of the telep lishing a principle of protection which is the backbone of the business today. You can now enjoy thorough pro- tection from loss in your investments by 6% Swartzell, Rheem & 727-15 Street.NW WashingtonD.C. 1869-Fifty-six years without loss to an investor--1925 FINANCIAL, 00000000 WANTED! REOOND TRUST NOTES available pur all lnd. a? - ‘:3 Soipa, sechred ga-. "5 ae First Mortgage Notes For Sale In Denominations of $100, $250, $500, $1,000 AND UP 637 Interest Secured on D. C. Real Estate Wm. H. Saunders Co., Inc. Established 1887 1433 K St. N.W. mnu-. ‘Washington Investment and Transactions Co, 715 14th 8t. N.W. Main 3663 METROPOLITAN LIFE INSURANCE COMPANY FIRST MORTGAGE LOANS BUSINESS PROPERTIES OFFICE BUILDINGS HOUSES APARTMENTS CONSTRUCTION LOANS Lowest Rates WEAVER BROS. Realtors 809 15th Street N.W. “Deal With a Realtor” Main 9486 The New York Life Insurance Co. Offers to Make First Mortgage Loans On Improved Real Estate in the District of Columbia and Nearby Maryland Suburbs for 3, 5 or 10 year Periods. 9V2% APPROVED SECURITY Apply RANDALL H. HAGNER & COMPANTY MORTGAGE LoaN GORRESPONDENT Houses Business Properties Apartments Office Buildings No1321 Bonnecticut Hoenue; Telsphoneizin 5700, Chonse Your Investments With Care a-\m_'l\\k A show you why sho H phu FIRST MORTGAGES on improved city Nothing Could F ERAL RATE OF I Just telephone Main GAGE INVESTMENT DE ake rescrva ur estate fer_and pay such a LI orc: 713 and 715 14th Street NW. Main 2345 were seven--- 1876 heard over the telephone. Yet, the And today we wonder we ever got along without the hone. the same year that the telephone invented the predecessors of were cstablished at 916 F street, They were doing business then hone, but were even then estab- purchasing first mortgages at Hensey (o, Mortgage Bankers