Evening Star Newspaper, September 27, 1925, Page 33

FINANCIAL," FURTHER ADVANCE IN CURB MARKET End of Week Sees Many High Marks—Gasoline Price Cuts Are Ignored. By the Assoclated Press. NEW YORK, September 26.—Sub- stantial support appeared In the prominent issues on Friday's vigor- ous advance and while the main list of stocks maintained strength on the curb exchange today .several stocks rose to new high figures. National Power, which moved up about 20 polnts yesterday, scored a further xain of 3 points, selling to 399, which compares with the year's low figure of ¥841;. Associated Gas and United Tight also were higher. Southern California Edlson sold from 145 to 149. Oils Ignore Price Cuts. OIl shares were firm in spite of the announcement of a reduction in gas- line prices by Standard Oil of New Jersey. Vacuum Ofl sold to 89 and Standard Ofl of Ohlo was traded at 365 _and 366 Engineers’ Gold suffered a further severe loss, dropping sharply about 25 points to 30. This was a decline of 4813 points for the present week. During the greater part of the week the curb market showed an unsettled Tone with many stocks under pressure and sustaining severe losses, but this condition was changed in Frid trading when the continuation of the 3% per cent discount rate announced the close Thursday caused urgent buying in many groups. Sharp Gains During Weel | Price movements in the leading is- Aues were extremely wide. Miller Asues were extremely wide. Miller rub- ber moved up from 210 to a new high its gain under profit taking. Gillette Safety Razor made a new high on an advance from 100 to above 109, and XKelvinator also made a new high rec- ord moving up from 41% to 48%. Victor Talking Machine was another strong feature ranging during the week from 75 to 85. The list of se- curities traded in during the various movements was the greatest on rec- ord, more than 400 various stocks and bonds being included in the transac- tons on Tuesday CLOTH MARKET ACTIVE. ‘Wide Sheetings in Demand—Linen Sales Pick Up. NEW YORK, September 26 (#). ‘The cotton cloth market was mod- erately active at the close of the week. Buying by the olicloth, rub. ber and artificial leather Industries indicated that they were in need of fairly large quantities of gray goods, mostly of the wide sheeting order. Print’ cloths held firm. Efforts to ‘weaken the quotable baeis on sheet- ings were unsuccessful. The linen market, after months of suiting divisions. Burlaps were quiet. dullness, showed {mprovement, es- 58 99-3 1 H!(n 97% 103% 107% )0‘ 98% 89 102 82y 110% 1004 120% 114% 00% 96% 29% 9% peclally in the knicker and men's Silk goods dealers reported more dif- ficulty in moving merchandise due to advancing prices, forcing them to resist higher raw silk cdsts. The raw silk market was quiet, with prices unchanged. BALTIMORE PRODUCE. BALTIMORE, Md., September 26 (Speclal).—Under continued light re- ceipts of fresh-gathered eggs from nearby points, the general market rules very firm. For stock that will grade firsts a good and constant de- mand prevails and the offerings of such clean up promptly at full quotations or even better, as buyers do not hesitate to pay a premium when they find the stock they want, but are slow to take hold of anything of doubtful quality. 074 106 98% 101 1 87% 106% 106% o4 86% 1% 2% 89 20% 88% 108% 86 Prompt shipments and careful grad-|—— ing are advisable to command top values, The market closed today at 40 cents a dozen for firsts in free ©oases, an advance of 4 cents a dozen over opening prices on Monday. The live poultry market shows little change from last week under contin- ued good demand for cholce fat stock of all kinds. Old hens will probably take a drop in values after today, as the Jewish holiday trade will have been supplied and an easier tone of the market s looked for next week. Medium to large fat old hens sold to- day at 24 to 30 cents a pound, but small and poor and Leghorns will not bring over 18 to 20. For choice Spring chickens to 2 to 21, pounds and over, there i{s a good demand at 28 to 32, and 25 to 28 for smaller birds. Large Leghorn Spring chickens bring 25 to 28, while smaller fowl have to be sold on its merits at 23 and 24, and black Minorcas sell 20 10 25 as to size, quality and condition. Demand for fat ducks shows im- provement,and as a consequence val- ues rule a shade higher at 24 and 25 and 20 for small and poor stock. Gugnea fow! continue in light recelpt and birds averaging 1% pounds and over meet with ready sale at 70 and 80 cents each, but shipment of birds under 1% pounds is not advisable. Pigeons in fair request at 25 and 30 & pair for both young and old. A fairly good demand prevails for well graded white potatoes and val- wes show a slight increase over last week, with preference being shown for round stock over long, but culls and run of the patch are not desirable and prices on this sort have to be shaded. No. 1 potatoes will bring 2.25 to 2.50 per 100 pounds and 1.00 to 1.25 for No. Hundred-and-fifty-pound sacks sell mostly 3.25 and 3.75 as to quality and condition, while No. 2 stock brings slightly less than half price. Sweet potatoes and yams are in lighter receipt again and values rule & shade higher at 4.00 to 4.50 a bar- rel for the former and 3.50 to 4.00 for the latter. No. 2 stock of both seil mostly 1.50 to 2.00 a barrel. Bushel hampers of both sweets and yams sell B0 to 1.50, as to quality and condition. Demand for native and nearby gar- den truck shows some improvement over last week and as a consequence values are higher on most lines at the following quotations: Stringless green beans, 1.25 and 1.50 bushel; lima beans, 1.00 and 1.25 bushel; beets, 2.00 and 3.00 hundred; cabbage, 3.00 and 5.00 hundred; car- | vots, 2.00 and 4.00 hundred; corn, 10 20 dozen; eggplants, 25 and 36 onfons, 2.60 and 2.75 per 100 pounds; peppers, 25 and 35 basket:| pumpkins, 5.00 to 12.00 hundred; spin- nch, 40 and 50 basket; squash, 35 and 40 basket; turnips, 30 and 36 basket; 1omatoes, 2 and 40 basket and 45 and &5 bushel for packing stock. CHICAGO CASH GRAIN. CHICAGO, September 26 (#).— ‘Wheat—No. 1 hard, 1.46; No. 2 hard, 1.44. Corn—No. 2 mixed, 80%a81%; No. 2 yellow, 80%a81%, Oats—No. 2 white, 38a39; 3 ‘white, 37%ad8%4. Rye—None. Barley, 62a73. CHILE COPPER IMPROVES. NEW YORK, September 26 (#).— The report of the Chile Coppe Com- pany for the first half of 1 Sluding Chile Exploration Company, shows surplus of $6,602,847, after ex. penses, depreciation, Federal taxes and interest, equal to $1.27 a share on the capital stock, against $5,395,588, or $1.32 a share, in’the same period last year. No. 844 11TH 82% £9% 96 123 97% 101% 6% 103-9 108-10 TH BOND SUMMARY FOR THE WEEK X |PRICES GO LOWER 100~ 10i-1 100-20 Liberty 2d 4% 1927-42. . 101-1 Liberty 3d 4%s 192 101-20 Liberty 4th 4% 1983-38. 104-13 Treasury 44s 1947-62. Low. FOREIGN. 95 Argentina 6s A 1857 101% Argentina 7s 1927.. 9314 Austria s f 7s 1943. 83% Belgium 63 1965 106% Belgium 734m 1946, lfll‘i Belgium Bordeaux Brazil 8s 1941 Canada 6» 1 . Duten East Indies 6s 19 Dutch East Indies 65 1962. French Gpvt 7%s 1941 French Govt 38 1945 German 7s 194! Holland-American s f 63 1947. Japanese 45 1931, . 54 Marseilles 68 19; Netherlands 65 187 Norway,8s 1940. Parfs-Lyons-Med 6s 1958 Queensland 7s 1941. Rio de Janeiro 8s 1946. Sao Paulo, State of, 85 1936 8214 Seine, Dept of, 7s. Serbs Crotes Slovenes 88 1962. Sweden 63 1939 Swiss 5les 1946, United Kingdom . United Kingdom 545 1937. Tast. 100~ fl 50 10126 8 85 101~ 101-16 101-11 102-12 102 108+24 106-10 101-11 378 102-4 396 106 10 383 Low. Last. 95% 96 1024 102% 99w 99% 86% 1094 107% « 884 93 1024 102! . week's Closs. 96% 102% High. 96% 1064 1034% 118% 1054 118 . 104% INDUSTRIAL AND MISCELLANEOUS. 94% Amer Agri Chemical T1is 1941 96% Amer Smelt & Ref 1st bs 1947... 103% Am. Smelt 1st 65 1942. 99% Amer Sugar Refining 63 1937. .. Amer Tel & Tel cl tr 48 1929. .. 100 9% 100 85 978 mm. 83\1 105 78% 4% Amer Tel & T Anaconda Copper ‘Anaconda Copper cv Armour & Co 4%8 19 Atlantic Refining deb 68 1937 Bell Tel (Pa) ref 55 19 Bethlehem Steel p m 53 1936. Bethlehem Steel s { 65 1943 Chile Copper 6s 1933 Cons Coal (Md) 1s ref 53 195 Cuba Cane Sug cv Aeb 8s 1930, Detrolt Edison ret s 1840. Empire Fuel & Gas 7%81937.. Goodrich (B F) 6%s1947. Goodyear Tire 8s 1931 Goodyear Tire 8s 1941 Humble O1] & Ref. usu Indlana Steel 65 Inter Mer Marina s- 1941, Inter Paper 58 B 1947, Kelly-Springfield 8s 1931 Lackawanna Steel 6s 191 Liggett & Mycrs &s Manati Sugar s £ 7%s 19 Midvale Steel 55 1936 New England Tel bs 1 103% 9 9 104% 4 101% 97 100% New York Edison 18t 6%s 1941.. New York Tel 4%s 1939 New York Tel 65 1941. . North American Edlson 6s 1952... Pacific Gas & Elec 55 1942, Pacific Tel & Tel 65 1952 Philadeliphia Co ref 6s 1. Public Service 6s 1944. Sinclair Ol 73 1937... 4 Skelly 6%s 1927. South Porto Rico Sugar Ta1941.. Union Bag & Paper 65 D United Drug 6s 1944. ... .U S Rubber 1st & ret fs 1947 U S Rubber 7148 1930. U SSteelsfbs Utah Power & Light Va. Va-Carolina Chem 7%s ‘3 ‘Western Union Tel 6% 1 Wilson & Co 1st 68 1941 ‘Wilson & Co cv 738 1931. RAILROAD. Atchison gen s 1! Atlantic Coast Line Balto & Ohio gold 451943 Balto & Ohlo cv 4348 1933, Balto & Ohio ref 5s 1995 Balto & Ohlo 65 1929 B&OPittsLE& W 1944. Carolina Chem s f 78 1947. B & O Southwestern Div 6 cfs 60 Brooklyn-Manhats f 62 A 1 Canadian Northern 6%s 1946.... Canadian Pacific deb 4s.. Central Pacific 43 1949 Chesapcake & Ohlo cv 4% 8 1930. . ‘hesapeake & Ohlo gn 4345 1993, e & Ohlo cv 68 1946... Chicago & Alton 3% s 1950 » Chi B & Quincy 1st ref Chi & Eastern Il gen Chi Great Western 48 “ll. Chi M & St Paul cv 4%s 1932, ChiM & St Paul gen 4348 19 Chi M & St Paul ref 4335 2014 Chi M & St Paul cv 65 2014 Chicago Rallways ChiRI& Pacific ref 4s 1934 Chi Unlon Station 439 19 Cleveland Term 5% s 1972 0% Colorado & Southern 438 193! Cuba R R 68 1952 Delaware & Hu Den & Rio Grande con 4s 19 D. & R. G. West 5s 1965 Detroit United 4%s 1932, Erie 18t con ¢s 1996. Erle gen lien 45 1998, Erie cv 48 A 1963 em Erle cv 48 D 195: 106% Grand Trunk s f de! 114% Grand Trunk 781940 1'11‘ 99% Great Northern gen 5% s 1962, ., 1084 Great Northern gen 7s 1926. . 864 Hudson & Manhattan ref bs 1967, 67% Hudson & Manhattan ad) b 1957 101% 1llinois Central 6%s 1934 Inter Rapid Transit 65 1966 Inter Rapid Transit ov 7s nn... 953 Inter & Great Nor adj 4 Kan C Ft Scott & M 45 193 Kansas City Southern 3s 1950. Kansas City Southern 68 1950. Lake Shore 48 1928.., Lake Shore s Louls & Nash unified Louis & Nash 1si ref Mil Elec Ry & Lt 1st ref by % Mo Kan & Tex adj 53 1967 Mo Kan & Tex pr In 63 A 1963 Missourl Pacific gen Mincouri bacie oo 1945 N O Tex & Mex inc Ba 1 New York Cent deb 451934 New York Cent ref imp 6s 20: New York Central deb 6s 193 New Haven deb 45 1957, NYNH&H cvdeb6s1948.... N Y West & Boston 43%s 1946 Norfolk & Western con 45 19 Norfolk & Western cv 6 Northedn Pacific 3s 1947. Northern Pacific 97. Northern Pacific ref imp 63 2047.. Ore Short Line ref 48 1929. Ore Short Line gtd 55 1946. Ore-Wash 1st ref 43 1961. Pennsylvania gen 4%s 1965. Peoria & Eastern inc Pere Marquette 1st &s. 1950 Rio Grande Western clt 48 1349, RIArk &L 4%s1934.. StLIM&SR& G 481933 StL&SanFranprinds A St L & San Fran pr In 5s 1950. StL & San Fran §%s B Southern Pacific cv 4s 193! Southern Pacific col Southern Pacific ref Southern Ry Southern Ry 1st « Southern Ry dev 6%s 195! Third Ave ad) 58 1960. Union Pacific 1st 4 Unlon Pacific cv 48 1927 Virginlan Ry 1st 58 1962.. 4 Wabash 1et 5 94% Wabash 5 " W “\1 $1% Weat Shore 1st.4s 3361, 83K Sav 100-29 383, IN'STOCK MARKET | Weakness in U: S. Steel Has Depressing Effect Upon Other Pivotal Shares. By the Assoclated Pre: NEW YORK, September 26.—Stock prices were forced downward today under the pressure of week end re- adjustments. Selling, Influenced by the prospect of continued high money rates, due to growing trade demands and the imminence of monthly settle- ments, gained momentum as the trad- ing progressed, counteracting an in- itlal upturn which lifted a varlety of motor, rubber and public utflity shares to new top prices for the year. Weakness of United States Steel common, which fell below 120 for the first time on the current movement and closed a point lower, at 120%, had a depressing influence on indus- trial {ssues. Concerned by the recent sluggishness of steel in the face of advancing tendencles elsewhere, traders were visibly perturbed by its feeble resistance to selling pressure today and abandoned attempts to bid up the prices of other pivotal stocks. Pivotal Stocks Lower. With the recognized leaders work- ing lower, the rest of the market soon gave way at a fast pace. American Can, which had scored an early gain of 23 points, broke more than 7 points below the day's high level and clcsed 4! points under st night's final figure. General Electric toppled 7 points, Mack Trucks 5 and Sears Roebuck 4. Early advances of 3 to § points by Chrysler, Pacific Gas and_Electric, Laclede ' Gas and Union Bag and Paper, were reduced in the late wave of selling, but Chrysler managed to maintain a gain of 4 points for the day. At its high figure of 178 it es. tablished a new peak price. Pacific Gas reached a new top at 128 on re- ports of a new public utility combina- tion in the West. Baking Shares Are Feature. Strength of the baking shares was an outstanding feature of the day's trading, accumulation of these issue being promoted by the revival of merger rumors. General Baking was rushed up more than 15 points to a record high at 193. Cushman and Ward Baking “B" followed with gains of 4% and 53% points, respectively. Railroad shares were neglected in the face of remarkably favorable earnings reported by many of the carriers, including Chesapeake and Ohio, Southern Rallway, Pennsyl vania, Reading and Erie. Commis- sion house recommendations to trans fer constructive activities from in dustrfals to ralls failed to stimulate buying. Foreign Exchange Higher. Trading was quiet in the foreign exchange market. Sterling was a trifle easier at §4.8414 and the Scandi- navian rates continued to work lower. Brazilian milrels maintained their strength, which has been a feature of recent tradin, WHEAT MARKET BREAKS. Export Demand Saturday Alarming to Traders. CHICAGO. September 26.—Before business was ended today sentiment of the majority of wheat traders be- came distinctly bearish, owing to failure of the market to hold any advance. No export demand was in evidence and domestic milling call was only fair. Wheat closed heavy, 1% to 3 cents net lower, December, }.:g\g to 1.40%, and May, 143 to Poor attered liquidating sales acted as a welght on the market, despite re- ports of snow and rain in Canada and cold weather predicted for this side of the boundary. The corn market turned down grade when wheat values gave way. Corn closed weak, % to 2 cents net lower, December, T7% o T7%. BRIGGS DIVIDEND VOTED. Recent Alarm Over Action Proves Groundless. NEW YORK, September 26 (#).— A dividend of 37% cents a share has been declared by Briggs Manufactur- ing Co., payable October 26 to stock of record October 10. Three quarterly disbursements of 8714 cents have been paid since dividends were inaugurated last January. The shares broke sharp- Iy on the Stock Exchange recently in anticipation of unfavorable dividend action. President Briggs said earnings for the third quarter would exceed $1,000,000, or 50 cents a share. The decline in earnings is attributed to a temporary decrease in the vol ume of business due to changes in body models by its chief customers. Surplus exceeds 315,800 BALTIMOBE LIVE STOCK BALTIMORE, Md., September 26 (Special).—The Ilive cattle market rules generally steady under a fairly active movement, but demand cen- tered on choice top grade stock, with common to ordinary stock slow to find favor and values on this sort in buy- ers’ favor. Most of the wharf recepts are on common stock and market is sy on this sort of cattle. Spring Jambs in good demand, but offerings must be smooth and fat to draw out- side quotations. Hogs continue in good request. Quotations today at Light street wharf: Beef cattle—First quality, pound, 9 to 10; common to medium, pound, & to 8; bulls, as to quality, pound, 4 to 6: cows, choice to fancy, pound, 4 to 6: common to fair, pound, 2 to 3: oxen, as to quality, pound, 4 to 6: milk cows, choice to fancy, head, 50.00 to 75.0 common to fair, head, 30.00 to 50.0 calves, veal, choice, pound, 133 to 1 ordinary to medium, pound, 10 to 12: rough and common, pound, 6 to & small culls, 6 to 8. Sheep—Choice, pound, 5 to 6; old bucks, pound, 3 to 4; common, pound, 2 to 3: lambs, Spring, choice, pound, 14 to 14%2; fair to goed, 12 to 13; com- mon, thin, pound, 8 to 10. Hogs—Straight, pound, I’sows, pound, 10 to 12; stags and boars, pound, 5 to 7; live pigs, pound, 14 to 15; shoats, Mund 10 to 12 FLOUR UNCHANGED MINNEAPOLIS, Minn., September 26 (UP).—Flour — Unchanged; ship- ments, 43,783 barrels. Bran, 23.00a 23.50. 13 to 14; FIRST MORTGAGES FOR SALE Denominations of $250, $500 $750, $1,000 and Upwards 6'2% All_fLoans Made on Propnrt: Located in the District of Columbia 643 Louisiana Ave. N.W. MANY DIFFI BY I. A. FLEMING. Officlals of the North American Company, the great holding corpora- tion that has recently acquired such a large stock interest in the Wash- Ington Railway and Electric Compa and which admits that it would like ultimately to bring about a merger of the local traction companies, also states as plainly as possible’ that it has not definite plans in the matter as_yet.. . Despite this. there are those who think that the corporation knows exactly what it would like to do, and that it is blg and powerful enough | to plan for and carry out the matter | to a successful conclusion, once the management decid how and when it can be put across. View Taken By Public. The public seems to belleve that the time for solving all difficulties in the matter should have been previ ous to the investment of mfilions of dollars, and that the study of a sur- vey should have, in wisdom, preceded and not followed investment. ghty per cent of the business of the North American Company is in the manufacture and sale of electric light and power, and the remaining | per cent largely of gas, street railway traffic It has been suggested that the hold ing company might like to {the Potomac Electric Light Power Company from its owners, |\\nnhlnglon Railway and Company, although there is no evi dence of any such wish. A merger of street railway prop- ertles after such & divorce would not be at all attractive. Indeed, it is doubtful if the Washington Rallway and Electric Company could stand, or rather continue in business, if shorn of its strength and support An Important Problem. Probably one of the hardest nuts to crack in any merger proposition is the matter of universal transfers, which would. probably be insisted upon by jthe authorities. The two compani on the earnings of a strictly traction business, would not be able to pay dividends to share- holders on their capitalization. Capi- | tal Traction is doing it today, but the other company is not, being entitled under the ownership of the Potomac Light and Power Company to larg dividends therefrom A merger would eliminate the earn ings under the universal free trans- | fer system from passenger fares of one company, for it is an admitted fact that fares are as high as the traffic will stand, and that any in crease, even if permitted by the com mission, would increase the use of the cheap automobile. Washington ( Light (n-n\l!-m\’ and Potomac Electric Company. in | the event of being granted the right | to increase charge: might advance rates_with impunity, being without compffpition, but the. street railwavs | are handicapped in this , and | fares are near their lin, | It is indeed a hard nut to crack, this merger proposition. It matters | not whether undertaken by its friends or by Congress The outcome will ibe awalted with keen interest. Turn in Traffic Tide See: Some of the officials of the Capital Traction Company actually believe that they sense the beginning of the let-up of automobile competition, not indicating in the slightest that they even think of such a thing as that the automobile will in any way lose | its popularity | What they do think Is this, that the difficulties of parking. the long, slow threading of the crowded highways and the inconveniences incident to getting to and from parking places in the downtewn district will cause many persons to return to street car and busses as a means of reachin their places of business in the morn ing and their homes in the evening. They are led to this conclusion by the fact that the patronage. of the de luxe automobiles on Connecticut avenue is far and away in excess nf} their anticipations and from evidences that many who have heretofore 1 use of their automobiles have aban- doned them in connection with busi- ness and have adopted the de luxe busses and street cars Traffic Extremely Heavy. There is no busier highway in Washington in the rush hours, as we have come to know them, than Con necticut avenue, the trend of traffic being largely south in the morning | and north In the evening, but with a | very heavy continuous movement in | the opposite direction well, to- | gether with the street car service south and north of the Mi n Dol lar Bridge, and with large entrance and departure traffic to and from | the highway at every important in tersection. Through traffic to and from Chevy | Chase and Maryland is almost con tinuous, and in the rush hours it is | frequently a slow, creeping line in | each direction, with many stoppinss | and_distracting mobs of cars. What s more natural than that business men should become disgust- ed and prefer to ride downtown and home again in comfort. avoiding all | these troubles through the use of the | de luxe omnibus or street car, with a materlal saving over the cost of | operating a passenger automobile. And if on Connecticut avenue, why | | not on other thoroughfares? Not By De Luxe Busses. ‘0 one considers de luxe busses at -cent fare as a probability for gen eral use. On the contrary, the first service of this kind will probably re- main the only one in existence. 1 If traffic managers find that the assurance of a seat and comfort en route will win back travel to street cars, they may make efforts to fur- nish _express service for distance travel at regular rates and adopt a | seat for every passenger on the trac- | tion lines. | It is not so much the de luxe busses as it is the trend of business men to | leave their cars at home for pleasure | and family use, avoiding the annoy- | ance of the daily trips to and from their offices, that is giving some en-' couragement to street car magnates | that the tide of travel from their lines to_automobiles has been reversed. It is also admitted that the street rallways have reached the stake For Investors 672% First Mortgage Notes Denominations of $100 and Up— All Details Given Prompt Attention See Mr. O’Donnell, Mgr. . Mortgage Department AFRITZ COMPANY | Small Progress Made to Date—Higher Car Fares Not Permissible—Some Decrease in Auto Com- petition Noted by Local Traction Officials. | heart, and then | E SUNDAY STAR, WASHINGTON, D. €, SEPTEMBER 27, 1925—PART 1. MERGER PROPOSITION PRESENTS CULT PROBLEMS| where they have been making slow progress in competition with auto- that is the competition i creases it will be difficult for the Cap- ital Traction Company, the only local lime that is dependant on its own earning power, to maintain its pres- | ent dividend rate of 7 per cent on its stoc | hares now selling at 991, or close thereto, would be worth very much more if bellef was general that this dividend rate could always be main- tained. 1f necessary. the dividend might be cut, but the directors, having their | own and the shareholders’ interest at will make strenuous efforts to keep ‘the rate where it is. Capital Traction never en ached on its closed flrst mortgage, which remains the same as when au thorized, $5,800,000, due in 1947. It has made all improvements and jons out of earnings. The small mortgage upon which interest must be paid and the larger capital- ization on which dividends may be declared give a distinct advantage over the reverse capitalization and heavier honded debt Merger Problem Not Considered. rs of the Capital Traction have not even officlally ideration to the matter of | Years ago, when the Utilities Company w formed for the purpose of bringing »out a merger. some efforts looking union were given considera- | tion, but the move did not thake even | fair headway, and the matter was dropped. So far as can be ascertained, offi- clals of the Capital Traction are neither overanxious for or against a merger, but they seem to think there is but one way to bring it about—by purchase of Capital Traction stock in its entirety. Washington Money to Loan Secured by first deed of trust ou real estate. Prevaling interest and commiasio Joseph I. Weller 420 Wash. L. & Trust | Bldz.. 0th & F N.W. We Recommend Liberty Radio Chain Stores, Inc. Traded on N. Y. Curb Exchange Frank T. Stanton & Co. World’s Largest Dealers in . Radio Stocks 15 Broad Street, New York Telephone Hanover 1851 FINANCE _ ~—all classes of income-producing property Large Loans a Specialty Current int. rate and commission. Higbie & Richardson, Inc. _816 15th 8t. N.W. First Moflnle Notes For In Denominations of $100, $250, $500, $1,000 AND UP 647 Interest Secured on D. C. Real Estate Wm. H. Saunders Co., Inc. Established 1887 1433 K St. NW. FINANCIAL. WM. H. KYLE Loans—Insurance Room 21—1410 G St. M. 6193 I have some excellent First and Second Trust Notes for sale. NW. 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 Bauk 14th and G Streets Resources $17,000,000 B. GOLDEN DONALDSON, ale THE MEN BEHIND THE DEAL We are bold enough to proclaim that our extensive experience and the magr tude of our operations — together with abso- lute Security of the properties involved—make FIRST MORTGAGE NOTES . We offer to the public among the finest and safest investments to be found in this country 713 and 715 14th Street N.W. Over a Quarter of a Century Without a Loss Main 2100 ey it Jield a1 s 5 $ N u( B BUSINESS ESTABLISHED Main 2345 INCOME RETURN value of an after the Helps to fix the investment-—but only complete safety of the principal has been assured. OUR FIRST MORTGAGES and their They Washington pay 6Y2% interest, is assured are upon estate which has been conserva- safety based real tively appraised. F. SAUL CO. 925 15th St. N.W. 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Investors Investigate Partial-payment purchases of improvements for the home can be financed as mofiubly as the countless commodities whose sales have been increased by See the value of funds used to finance purchases that improve and ntegral part of the home—man’s greatest pride. This present stock Burners Finance Corporation is limited—the possible returns are unlimited and should be at least 8%. Write or call for Prospectus on this profitable investment and get the full details today. Oil Burners Finance Corporation INTERNATIONAL BUILDING CLAUDE W. OWEN Vice President, MERRIT O. CHANCE, X Treasurer, WILLIAM H. GOTTLIEB, Pres. of G. & H. Heating Co. Secretary, WILLIAM CONRADIS, Pres. of William Conradis C: 1319 F STREET N.W of E. G. Schafer Co. ice Pres. of Griffith Coal Pres. PRESIDENT |