Evening Star Newspaper, October 2, 1925, Page 31

FINANCIAL, BUTTERAND EGGS -HRE STIL He Storage Egg Supplies Fail to Lower Prices—Meats Little Changed. Dealers say there is no likelihood of butter prices becoming lower. They point to the decided decrease in the amount of butter this vear compared with what was in storage a year ago as the basis for their belfef. Prices a Year ago were approximate- 1v 10 cents cheaper than prevailing prices, a condition brought about by continued excessive heat affecting pas- tures. It is believed that high prices will increase the demand for butter substitutes. Contrary to expectations, egg prices continue to go higher. It be- ltef of many dealers early { son that the grea in storage would keep d of fresh stock. hut several increases have been reported the past week or two. Dealers think prices may go even higher. Today's Wholesale Prices. Butter—Fancy, tub, store packed, 35. Eggs—Fancy, selected, candled, 13; average receipts, 40a42; hennery, 53; prints, 55; alive—Large Spring chick- 2; small Spring chickens, 25 a26; Leghorns, 20a22; old hens, 28; roosters, 17: turkeys, geese, 12a15; duc 35. Dressed— Spring chickens, large, 31a33; fowls, 30a31: turkeys, 0. Live stock—Calves, Spring, 16; hogs, 15. Meat—Beef, 18: veal. lambs. 30a32; hogs : loins, 37a3 smoked shoulde 4: hams, 30a: Fruit ana Vegetable Review. Toda vegetables {compiled by the Market News Serwfte Bureau of Agricultural Fconomics) says Apples—Supplies liberal; demand moderate, market steady; bushel baskets, Maryland and Virginia, No. 1, Grim, /00, mostly size, 1.00a1.50, 1 Deliclous, large small size, low as 1.25 <, 1.50a1.65, No. 1, va- medium to large siz poorer, low as i ashington, extra fancy Deli- clous, medium to large size, mostly 4.00; Jonathans, medium to large sizes, 2.75a2.85. Cabbage—Supplies liberal; demand moderate, market steady; New York, bulk per cwt., Domestic round type, mostly 1.50, few low as 1.25 Grapes—Supplies lberal moderate, ; New York, climax baskets, climax baskets, 22a27, Delawares and Niag. California, crates and lugs, Flame Tokays, 1.50al.75. Lettuce—Eastern supplies very light, no sales reported. Western supplies light: demand moderate, mar- ket strong; Colorado. crates, Iceberg tvpe, 4.doz. best, mostly 6.00. Onion Market Steady. Onfons—Supplies moderate; demand light, narket steady; New York and Massachusetts. 100-pound sacks vel- lows, U. S. No. 1, 2.60a2 pain, Valencias, crates, 1.75; ases, 2.5082.7 Peaches—Supplies very light; de- mand slow, market dull; few sales; New York, bushel baskets Elbertas, medium to large sizes, 1.50a2.00. Pears—Supplies moderate; demand moderate, market firm; Washington and Oregon, boxes Rartletts fancy, 3.7584.00; New York, bushel baskets Bartletts, No. 1. 3.00a3 Potatoes—Supplies liberal noderate, market & 5 sacks, 3 14; lambs, 20: Spring 65 demand demand y; New York whites, U, mostly, s Irish No. 1, mostly 3.65. Potato Demand Fair. Sweet potatoes—Supplies light; de- mand moderate, market steady; Mary- land, East Shore and other Mary- land, bushel hampers, Yellows, No. 1, mostly 1.75. Cantaloupes—Supplies moderate; de- mand slow, market dull; Colorado, Pink Meats, jumbo flats, 9s and 12s, 1.00a1.15; standard flats, 12s and 15: 85a1.00; pony flats, 158 and 18s, v_Balls, pony flats, 15s and 18s, Dews. standard | . mostly 1 00. i polies moderate: demand | moderate, market fairly steady: New | York. Golden Self-blanching, in the rough, a3.00: 2.3 crates in rough. mostly 2.00. Cauliflower—Supplies light: demand good, market steady; New Long Island crates, mostly 3.00. Lima beans—Homegrown supplies moderate; demand good, market firm; homegrown 32-qt. crates, 25a30 per qt. LUMBER TRADE SLUMPS. Reports received by the National Lumber Manufacturers’ Association today from 353 of the larger softwood mills of the country for the week ended September 26 indicated de- creases in production, shipments and new business fn comparison with re- ports from 369 mills a week earlier. 3.65 cob- market report on fruits and ! the | ™ ¢, 99 BY WILLIAM F. HEFFERNAN. NEW YORK, October 2.—The long awaited turn for the better in the mar- ket for oil shares definitely asserted itself today, and this group was the feature of the dealings throughout the session. The oils assumed leadership of the upward movement and the buying was greater than on any day in months. Prarie Oil and Gas got across 50 and the improvement in Humble, |Standard of Indiana and Vacuum was even more pronounced. Pan American Western responded to the declaration of an initial dividend of 0 cents and at 31 compared with 2913, the Thurs- v final. NEW YORK, October ing is an official list of stocks traded in on the Curb Market today: Sales in thousands. —Follow- bonds and New York On t o D613 new it &SP 5an A Wi { R I & P 5%s 10 fes Service s, . 901y Gittes Service 7a'€ 1 ities Service 7s 61 Cities Ser P 3 i General Pet 88 General Pet 3 Kans C Term 41 % Keyst TC Ph b%& Lehigh Pow s ST, P CES SR Er D oINS u Shawsher 1Stand M Cor'5 5 Swift & Co 28 Transco 01 Sales in thousand: TA 3 1 F 8y o v gt § 1 3mie Go i 2 Toho Elec 1 Toklo Elec Lt Gs. Sales in unit 500 Atl Lobos 10 Buckese 8200 Continent 10 Eu P STANDARD OIL ISSUES. LA Oil’ o d POPTIRY FERBN FEELERI D B3 A 3 2 EFERR2AFESIRIRG2 Swan & Finch.. $600 Vacuum Oil ... Sales INDEPENDENT OIL in hundrede 1'Am Control Oilfls 23 Am Maracaibo © L STOCKS. I, 2. SEAETER 1V ingy L Marga, Wilcox 0 & G 2 Woodley Pet. Washington Stock Exchange Wachington Gas 55—S500 at 99 Washington Gas 6 1943—$200 at 1021, Washington R ec. &. & r. 6o $1.000 ‘at’ 102 a AFTER CALL. Capital Traction Co.—b at 100. Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid. American Tel. & Telga. 4s... 97% American Tel. & Telga. é34s. Am. T . etl. tr. 1 Ana. & Potomac guar. b C. & P. Telephone bt C. & P. Telephone of Va. 5i Capital Traction R. B. Gity & Suburban In corparison with reports for the same_period a year ago, when 19 more s _reported, a slight decrease in production was vew business showed some in. creage, BUYS LIBERTY YEAST. NEW: YORK, October 2 (#).—An- nouncement is expected shortly that Flelschmann Co. has acquired the Liberty Yeast Co., subsidlary of the National Distilling Co., the transaction involving $4,000,000, in which even the.Street expects outstanding notes of national distilling of about $2,700,- 000 may be retired at 105. COMMODITY NEWS - WIRED STAR FROM %, ENTIRE COUNTRY SAN FRANCISCO. October 2.—The California Pear Growers' Association {s idstributing $1,500,000 to growers whose crops have been sold at an average of $72 a ton. NEW ORLEANS. October 2.—The Ary goods jobbing trade has slowed down, owing to the uncertainty of the cotton market. Sales and shipments for September, however, were far ahead of the corresponding month for the last four years. Collections have tallen_off. MANCHESTER, N. H., October 2.— Of 27 shoe’ &ctories in this city only one is makiag fewer shoes per day than it was & vear ago, when one of the most serious derressions in history was experienced. Six of the Washington Gaa 5 Wash. Rwy. & Elec. 4 Wash., Rwy. & Elec. 48 Wash. Rwy. & Elec. gen. MISCELLANEOUS. torage i ark Hotel 6s. STOCKS. PUBLIC UTILITY. American Tel. & Tel Capital Traction . Washington_Gas Forlolle & Wash, Steam ash. Rwy. & Eiec. com. Wash: Rwy_ & Elec. pfd. Terminal Taxi com.. NATIONAL BANK. al 228 ash. ‘Wardman coln . - Lincoha Metropolitan. Rices American Security & Trust Continental Trust Merchanta' Bank Sifiona) Savings Wash. Loan & Trust SAVINGS BANK. Commerce Savings ‘Washington Eat & ‘Com. B Thited States ‘Washington FIRE INSURANCE, American .. Corcoras large shops are working at capacity, | Firemen and most of the others ar2 reporting better than average conditions. PHILADELPHIA, October 2.—Forty locomotives will be shipped this month to foreign railroads from the Eddy- stone plant of the Baldwin Locomotive Co. ST. PAUL. October 2.—Butter prices have advanced 5 cents a pound here this week, producers being pald 50 cents for creamery firsts and 52 for butter fat. Eggs also have risen to 30 cents a doagm. TITLE INSURANCE. tle. . 8 “T‘"U . . 145% MISCELLANEOUS. oid........ Rerchante! Trans. & S Meny Natl. M id B Lanston Monotype Security Stor bis foal"Eatate T NEW YORK CURB MARKET I Received Private Wire Direct The Star Office Rubber and tire shares moved for- ward briskly in sympathy with the strength in this class of stocks on the big board. Goodyear gained a point or so, Miller Rubber selling ex the $1.50 dividend was up 3% at 282 and the advance in Hood Rubber ex- tended to over 2 points. New high records weve established by Tobacco Products exports, which was up over a point, and by United Profit Sharing, up a similar emount. Sharp advances occurred in such ac- tive specialties as Land Company of Florida, up 5 to 70; General Rallway Signal, up 2 to 67%, and Kelvinator, up almost 6 points above 52. Sales |n| INDUSTRIALS. ‘hundreds. " “Alpha Port_Ceme 13! 1 ARre,Pulsgeme 1Ry, 2 Blies. 1 Boissonnault = e E2 6 Cleve Auto . 13 Commw P € new 3 6 Curtiss Acro 1De For R C, 4 DevoedR n A wi RD & RGNy wi . Dixon Crucible . 1 { Doehler Di € D BB D e RSSO 2! 3 & W T R 8 e e R T Lo e RELDAmERE RS 2, 3Reo Mot .. 4 Ri oAbt et s PR 22230 o~ =t . SBSSEE - o) oo 9 S i onom: DRSS 2% A ST BORIIO PSRN PR LooaD [y ERR e 55— - O PR R ] b 301 2onm0 SR RDRIS 113 e ) T e Sa BRRRBITI B ™ IR ereoeR P I ,.. D Dt DAz D SDDM ROk 2 X B D BSIADIT SNEEF 2Uni Verde Ext.. 1 Walker Mining & West End Ches GAS COMPANY SOLD; SERVES 32 TOWNS Maryland Gas and Electric Con- cern Is Valued at $4,000,000. Special Dispatch to The Star. BALTIMORE, October 2.—Sale of the Eastern Shore Gas and Electric Co., a $4,000,000 concern that provides light and power service to 32 com- munities in Maryland and southern Delaware, has just been announced. The sale was made to the National Public _Service Corporation of New York City by Day & Zimmerman, Inc., of Philadelphla, who developed the system and held the controlling in- terest. The consideration is generally believed to be larger than the $4,000,- 000 value placed on the physical prop- erty. = Eastern Shore communities served in Maryland by the company are Cam- bridge, Crisfield, Denton, East New- market, Federalsburg, Fruitland, Greensboro, Herbon, Hurlock, Ocean City, Preston, Ridgely, Salisbury, Sec- retary, Sharptown and Willamsburg. Delaware communities are Seaford, Bethel, Bridgeville, Delmar, Harring: ton, Viola, Felton, Woodside, George- town, Greenwood, Laurel, Milton, Wyoming, Farmington, Frederica and Camden. The Maryland Public Service Com- mission, which will have to approve the sale before it can go through, yes- terday had not yet been notified. e e Your Banker Knows. ‘When in doubt about a security consult your banker. It is equally as much his interest as yours to protect your savings. You trust him with y not trust robjepas? your deposi him with your investment p: T t {and diversified East, I i COTTON SELLS OFF IN TRADING TODAY Larger (fmp Estimates and Poor Liverpool Cables Are Weakening Factors. By the Associated Press. NEW YORK, October 2.—Cotton futures opened barely steady; Octo- ber, 23.17; December, 23.30; January, 22.55; March, 22.77; May, 23.00. The market opened at a decline of 6 to 12 points, and was weak In early trading owing to disappointing Liverpool cables, reports that cotton previously taken up on October contracts was being retendered and increased private estimates of the crop. December sold off to 23.13 by the end of the first hour, the general market showing net losses of about 20 to 23 points. According to early estimates, notices representing 18,600 bales were issued against October contracts, and there were four private crop reports with vield indications ranging from about 13,400,000 up to 14,500,000 bales. New Orleans Quotations. NEW ORLEANS, October 2.—Cot- ton futures opened steady. October, 22.73; December, 22.64; January, 22.60; March, 22.61; May, 22.58. The market had a tame opening. First trades showed losses of 5 to 9 points, com- pared with yesterday's close, owing largely to the fact that Liverpool cables were lower than due. Prices eased off further right after the call, December dropping to 22.52, January to 22,60 and March to 22.51. The tend- ency to increase crop estimates was a weakening influence. FARMERS ENJOYING INCREASED PROFITS Slow Emerge From Economic Shadows, Agriculture Reports Reveal. By the Associated Press. The whole agricultural map is slow- Iy emerging from economic shadows, the Department of Agriculture an. nounces in a harvest survey. Production is “well adjusted to rea- sonable needs,” said the survey, cot- ton presages its producers an income of some $1,600,000,000 and wheat pro- ducers will apparently .recefve about $1,000,000,000—both crops approximat- ing last year's yleld. This is the second fairly profitable year in succession, the department said, adding that the improved pur- chasing power of farmers will do much to uphold general economic wellbeing through the Winter.” The department thus summarized country-wide conditions: “The corn belt, along with the dairy has been slow the feel the stimulating current of re- vival, but now the rising prices of hogs and cattle, together with a rea-| sonably good corn crop mean some profit in the corn belt. The slowly strengthening prices for dairy prod- ucts, plus higher potatoes and minor cash’ crops. promises somewhat better income from the East.” The department’s index of the rela- tive purchasing power of 30 farm products was placed at 93 for August, compared with 91 in July, the b-year 1909-1914 average of 100 being used ag a base. —e RAILROADS FIGHTING BUS LINE EXTENSIONS B. & 0. and Pennsy See Cut in Steam Road Service if New Policy Prevails. Special Dispatch to The Star. BALTIMORE, October 2.—Curtall- ment of steam railroad train service necessarily will result if the Public Service Commission permits addition. al motor bus competition, counsel for the Pennsylvania and Baltimore and Ohio Railroads told members of the commission yesterday in opposing ap- plication for extension of the bus line between Baltimore and Abington. The applications ask that Seling's Bus Line, which now runs to Abing- ton, be permitted to extend to Havre de Grace. Ross C. Mace, counsel for the bus operators, said that the steam rafiroads do not adequately serve communities along the Philadelphia road. The case was taken under consider- ation by the commission. ENGLAND’S B.ANK RATE CALMS MONEY WORRIES Increase in Federal Reserve Rate Here Now Believes Fore- stalled for Present. By the Associated Press. NEW YORK, October 2.—Reduction of the Bank of England’s discount rate from 43 to 4 per cent was weighted with significance for finan- cial circles here, since it is believed to have forestalled an increase in the Federal Reserve Bank rate for the present and to have assumed the maintenance of easy credit conditions in this country. Directors of the New York bank yesterday voted to retain the present rediscount rate of 3% per cent. Because of the close working rela- tions between the Federal Reserve authorities and the central banks of Great Britain and other European nations, bankers express confidence that no early alterations would be made in the New York rate in view of the danger of disorganizing the position of sterling exchange. - WILSON DAM HAS HUGE PRODUCTIVE VALUE NEW YORK, October 2 (#).—Wil- son Dam, at Muacle Shoals, has a productive value of $61,000,000, Maj. M. C. Tyler, Army district engineer at the project, said yesterday in a statement analyzing the commercial worth of that section. He fixed its cost, without the transformer station, at $46,000,000, of which $9,600,000 was deducted as going for navigation benefits. i — ROCK ISLAND’S EARNINGS. NEW YORK, October 2 (#).—Au- gust revenues of the Rock Island lines fell below those of August last year, gross declining to $11,564,793 from $12,167,670 and net operating income to $2,049,141 from $2,354,100. Net for the eight months of 1925, how- ever, showed a gain to $8,977,937 from $7,851,163 a year ago. Gross of $84 - 820,685 compared with $83,493,130. — RAW SILK ADVANCES. NEW YORK, October 2 (Special).— There was a general advance of about 10_points in all raw silk quotations today on good Yokohama demand. Cot- BRANCH BANKING ISSUE IS DODGED, A. B. A. Convention Alse Avoids Proposed Amend- ments to Reserve Act. By the Associated Press. ATLANTIC CITY, October 2.—The State bank division, meeting late yes- terday, brought to # close the annual convention of the American Bankers' Association, the chief business of which was’the raising of a half-mil- lion-dollar fund for the establishment of 100 $5,000 scholarships in economics in American colleges and universities, and the adoption of resolutions recom- mending the perpetuation of the Fed- eral reserve system and the elimina- tion of Federal estate and inheritance taxes by States on the intangible per- sonal property of non-residents. Two Big Issues Avoided. Branch banking and the proposed amendments to the Federal reserve act, two of the most controversial sub- Jects within the association, were studlously avoided in the so-called ““declaration of principles.” The only official reference to branch banking was a resolution of the State bank division which stated that “we reiter- ate our oft-stated opposition to any system of branch banking in this country.” A discussion of the Federal reserve amendments was forestalled by the report of the economic policy com- mission, which urged a complete sep- aration of the question of rechartering the reserve banks from that involving proposed amendments to the Federal reserve act and the suggestion that the latter be decided on their own merits. Resolution Is Sidetracked. A resolution urging the appoint- ment of a special committee of five persons to study and report upon the merits of all proposals to alter the Federal reserve act had been prepared by Richard Hawes, vice president of the First National Bank of St. Louis, but he was prevailed upon not to in- troduce it. Philadelphia, Iouston, Tex., and Los Angeles, Calif., presented invita- tions to the convention to meet in their cities next year. Judging from the applause of the delegates, Los Angeles will be chosen, but the final announcement will be deferred until the December meeting of the admin- istrative committee. ‘William E. Knox of New York, the retiring president, was presented a set of silver in recognition of his services. Grant McPherson, president of the Central State Bank, Des Molnes, was elected president of the State bank division, to succeed W. C. Gordon of Marshall, Mo. Fund May Reach $1,000,000. It was announced that total sub- seription of $468. had been received toward the fiftieth anniversary edu- cation fund, with sufficlent additional subscriptions in sight to assure the required half million dollars. Hundreds of bankers still are to be heara from, and if the subscriptions { continue to pour in as they have for | the last three days the fund may be enlarged to $1,000,000. BANKERS SOON TO FLOAT $6,000,000 BOND ISSUE NEW YORK, October 2 (P).—Ar- rangements virtually have been com- plete® by American bankers to float ja $6,000,000 7 per cent bond issue of the Rhine-Main-Danube Corporation, operators of canal and hydroelectric ‘works, the first of a series of $20,000, 000 to be issued within six years, Public offering of the issue is expecte shortly. The bonds will bear the guarantee of the state of Bavaria, the seeond richest state in Germany, and in addition the guarantee of the Ger- man government. FEWER STOCKHOLDERS. NEW YORK, October 2 (#).—Gen- eral Motors Corporation had 2,296 fewer shareholders in the third quar- ter than the preceding quarter, com- mon and preferred stockholders total- Ing 58,118. Dividend checks were mailed to 36,585 common stockholders on September 12. STEEL EARNINGS GROW. W YORK, October 2 (). —Earn- ings of Sloss Sheffield Steel are said double the $6 dividend on its 100,000 to be running at the rate of about shares of common stock, with pros- pects of improvement in the last Second Trust Securities Yearly 9% and 10% Trusts. Attractive Discounts Well Secured. 2 notes, $1,850, 7%, $25 mo.. at $1,380 each. 1 note, $3,500, 7%, $35 mo., 1 year, 8% discount. 3 notes, $500, 6%, $7.50 mo., 2 years, 9 months, $425. All Subject to Prior Sale, Lists mailed weekly on request. Anchor Realty Corporation Southern Bldg. WE FINANCE i —all classes of income-producing property Large Loans a Specialty HE EVENING STAR, WASHINGTON, D. C, FRIDAY, OCTOBER 2, 1925. Stocks Bonds ° 0dd Lots Carried o Margin Buck & Company —BROKERS— Established 1016 312 Evans Byilding 1420 N. Y. Ave. N.W. Tel. Franklin 7300 Direct Private Wires to New York QUICK LOAN: On Your Real Estate Equity $100 to $5,000 No Waiting—Courteous Service District Loan Procurement Co. 1417 F S8t. NW. Branch Office: Potomae Bank Bidxo Wiscgnsn Ave. Open Evenings 7 to ® Money to Loan Secured by first deed of trust on real estate. Prevailing interest a s MONEY TO | LOAN | —on First Mortgages on im- proved property in Washing- ton. Current rates. Prompt service. HANNON - & LUCH 713 & 715 14th St. N. Main 2348 | FIRST TRUST NOTES FOR SALE In denominations of $250 and| upward, bearing 6% interest.| |Secured on improved properties. See Mr. Field Hedges & Middleton, Inc. 1412 Eye St. NW. Franklin 9503 i For Investors 6'2% First Mortgage Notes Denominstions of $100 and Up— All Details Given Prompt Attention See Mr. O’Donnell, Mgr. Mortaage Department CAFRITZ COMPANY | of Money . Available at Once for FIRST TRUST LOANS ALSO CONSTRUCTION LOANS Residential or Business Property Apartment Houses N. L. SANSBURY (CO., INC. 1418 Eye St. N.W. Main 5904 Has Your $1.00 a Value of $1.07? It will it you invest it in one of these First Mortzage Notes—backed by the choicest northwest residential property—appraised at double the amount loaned. Especially attractive to the emall investor—because of the safety and interest. Offered in sums of $250 up. our Mr. Kelley in the n Department, wi siad to xo Into delalls with 1415 K St. Main 4752 3 ! Current int. rate and commission. Higbie & Richardson, Inc. 816 15th St. N.W. REAL ESTATE LOANS ANY AMOUNT APARTMENT, HOUSEY ICE !%ANS T LOW RATES § | FRED T. NESBIT INVESTMENT BLDG. 9392 f| FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street ton prints were quiet and unchanged. ! ¢ Bond Interest Compounded 7%-::‘7’0: year on Sl.o:: turn on the smaller denomina- tions, of $500 and $100. That is the you can obtain for any period from 2to 10 years by investing nowin 7% Smith Bonds. and simply reinvest the at 7%, you will have, at m of 10 years, nearly $2,000. booklets, telling the facts about 7% Smith Bonds and our Investment Savings Plan. No Loss to Any Investor in 52 Years TheF. H. Smith Co. Founded 1873 815 Fifteenth Street--Main 6464 New York Weshington, D. C. Pltuburgh Phlisdeiphla Minncopells FINANCIAL. » Many Millions of Dollars —have been contributed by the in- vesting public of Washiugton to the progressive-work of this organization, through the medium of our strongly secured First Mortgage Notes. Current Issues Bear 6%% Interest Denominations From $100 to $100,000 WARDMAN Constructio mpany 430 Ksvert N Main 3830 5 Housing One-tenth of Washington’s Population 31 e ool . o Choose Your Investments With Care Reservations Now Being Made for those who will have funds available in October. Our Mortgage Investment Department would like to show why you should place your money in First Mort- gages on improved real estate in this city. Nothing Could Be Safer, and tiey yield 614% Interest. Just telephone Main 2345 and ask for the Mortgage Investment Department and have details submitted {5 you. 713 and 715 14th Street N.W. Main 2345 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. 2 e DY P ON APPROVED SECURITY 4Apply RANDALL H. HAGNER & COMPANY MORTGAGE LoAN GORRESPONDENT Ao 321 Gommectiout Hoorue; Teliphonatizinsmo Apartments Office Buildings Equitable Co-operative Building Ass’n JOHN JOY EDSON, President FRANK P. REESIDE, Secretary Organized 1879 45TH YEAR COMPLETED Assets. .. ee.....$5,031,814.86 Surplus.... The Time to Save Is NOW While you have a steady income is the time to save. You can save with best results through the Equitable. It's a systematic saving plan being adopted by many. JOIN TODAY 915 F St. N.W. 61% Time Proven Real Estate Mortgages | OR over a third of a century this Com- pany has made conservative First Mort- gage Loans on improved property in the Dis- trict of Columbia. 'HE loans do not exceed 50% of the value of the property and are secured on in- dividual homes and income-producing busi- niess property and apartment houses. THE mortgage notes bearing 649 inter- est are available in amounts of $300 and upwards. This Company, without charge, attends to all of the details in con- nection with the investment. List of offerings to meet the most exacting investment re- quirements will be mailed upon request. H. L. RUST COMPANY 912 15th Street Main 6888 WASHINGTON, D. C.