Evening Star Newspaper, February 13, 1926, Page 23

' i Staples, FINANCIAL. THE EVENING STAR, WASHINGTON, D. ¢, SATURDAY, FEBRUARY 13, 1926. FINANCIAL. NEAT SALES DRAG AT GENTER MARKET Weather Against Lively Trade, But Prices Have Been Steady During Week. Inclement weather most of the week was not conducive to an active mar- and many dealers, especially those in the meat business, reported a draggy condition of the market. Deep snow on the country roads made the going so difficult that many haulers of eggs, poultry and produce from Maryland and Virginia were de- layed or prevented from bringing sup- plies to the city. Their failure to reach here did not materially affect the market, however, Ithough dealers had to resort to sup- ies of frozen poultry to fill orders. It was said a feeble attempt was made to boost egg prices the morning atter the heuvy snowfall. The boost amounted to practically nothing, how- ever, according to dealers, and egg prices continued practically the same during the week. Very few changes in commodities were noted during the week, dealers reported, and there were plenty of =upplies ‘on hand to fill all demands. Today's Wholesale Prices. _Butter—Fancy one- pound prints, : tub, 48a50; store packed, 35. —Average receipts, 30a33; can- 34a36; hennery, 37a40; storage, 51 dled, 23a24. ultry—Alive, turke: Spring_chickens, 36a38: eghorns, ducks, 26a27; geese, 20a keats, 40370, Dressed, turkeys, 48 ; o Leghorns, 25; ducks, 28; geese, 25a26; keats, 90a1.00. Live stock—Calves, top, 14; hogs, and medium, 131; light, choice, -Beef, 16; lamb, 20a25; veal, d pork, heavy, 14al4iy; me- , 16; light, 17; loins, 26a28; shoul- 21a22; fresh hams, 28a30. Fruit and Vegetable Review. Today’s market report on fruits and vegetables (furnished by the Market News Service, Bureau of Agricultural Economics) says: top, 43ad5; owls, 30a32; Apples—Supplies moderate; demand Nmited, market dull; vania, Romes, barrels, Pennsyl- A 2%nch Staymans and 00; A 213 inches up, Stay- 5a5.00; New York, A 2%-inch Bald 450; Virginia, A 2%-nch Yorks, mostly around 5.00; boxes, Washington, medium to large sizes, extra fancy Winesaps, 3.00; bushel baskets, no sales reported. Cabbage—Supplies moderate; de- mand light, market steady; new stock, Florida, 1z-bushel hampers, pointed tvpe, mostly 3.00, few 3.25; old stock. 1o sales reported. Celery—Supplies light; demand light, market strong; Florida, 10-inch crates, 45 dozen, mostly green, 4.50a5.00, mostly 5.00; California, crates, all sizes, 0a11.00. Other Prices Today. Lettuce—Supplies moderate; demand light, market steady: California, Im- perial Valley and Arizona, crates Ice- 4 doz berg type, mostly 8.00; 5 doz. Onions light, market prices; New 1b. s Yellows, U. S. No. 1, 3.00; some small size, 2.00; Potatoes — Supplies moderate; de- mand light, market steady; Michigan, 150-1b S. No. 1. 6.75a Spinac 3.00a3.25; demand change in “light: steady, no York and Michigan, 100- best, icks Russet Rurals, U. 00. Supplies heavy: demand market dull; Texas, bushel s Savoy type, mostly around outh Carolina, cloth-top veneer barrels, Savoy type, 3.50a3.75; poorer low as 3.00. Caulifiow mand lig] Supplies moderate; de- ket steady; California, Tomato Market Steady. Tomatoes—Supplies moderate; _de- mand limited: market steady. Cuba and Bahama Islands 6s, ripes wrapped repacked fancy count. 7.50a8.00; few Wizher; 3-pan cartons, choice count, 5.00. Carrots—Supplies moderate; demand t; market steady. Texas, bushel skets, 1.50al.7 California, out of xed cars standard lettuce, crates, express receipts. market dull. —Suppli “light; demand «dy. Cuba, pepper .50, according to lLimited crates fancy, Okra—Supplies very light; demand market dull: 6 basket carriers, 50. Strawberries—Supplies light: de- and light; market steady. Florida, pony refrigerator, 40a70; mostly around %5 per quart. Squash and Cucumbers—Supplies Ilght No sales reported. — PIGGLY WIGGLY VARIETY STORES IN 5 CITIES SOLD System to Confine Itself to Grocery market st 4.50a, Business, Announcement States. By the Associated Press MEMPHIS, Tenn., February 13 Sale of the Plggly Wiggly varlety stores at Chicago, Memphis, Nash- ville and Chattanooga, Tenn., and Lit- e Rock, Ark., to the McClellan ores Co. of New York an- nounced late yesterday by Norman vice president and gener: manager of the Piggly Wiggly Stores Co. The consider the tion involved was not nnouncement. which given in stated th had heen determined that the Piggly Wiggly system should be confined to the grocery business. The sale disposes of all variety <tores operated by the company with the exception of stores in Dallas and Antonlo, Tex., which, temporarily, continue to operate under the ¥ Wiggly name. . BUSINESS TOPICS. CLEVELAND, February 13 (Spe- cial).—An outer zone rapid transit sys. tem, which ultimately will run 50 iles, is now occupying the attention the Van Sweringins. The latter have just completed a new survey of population trend and have revised all previous construction estimates in consequence. They say they now must know what the city intends to and what part of the community transit job they are expected to per- form. Your Banker, Knows. When in doubt about a security consult your banker. It is equally as much his interest as your to protect your savings. You trust him with your deposits—why not trust him with your investment problems? THREE MARKETS CLOSED. NEW YORK, February 13 ().— The coffee and sugar, cocoa and rub- Ler exchanges are (-Iose\l today. RATES ON BAR SILVER LONDON, February 13.—Bar silver, 30 13-16 pence per ounce. Money, 3% per cent. Discount rates—Short bills, 4 716 per cent: 4%84 7-16 per cent. three-month bills, B L oaly, and maY a2 to axtent of change / jelr | Mlflmfll Construted from data furnished by F. W. Dadge Corp. HALF YEAR’S NEW CONSTRUCTION EXPECTED TO SMASH RECORDS Rise in General Business Forecast as Huge Local Pro- gram Is Carried Qut—More Commercial Projects Are Predicted. BY L. 8. SCHNITMAN AND J. W. MILLARD. Prediction in these columns some six weeks ago with reference to pro- spective building activity in the city of Washington for the year 1926 has thue far been fulfilled. New bufld- ing_construction awards actually let in January in the District of Colum- bla, amounting to $6.395.000, were larger than in any other January on record, with but one possible excep- tion. And with this achlevement our forecasting line has recorded its fitth consecutive monthly advance. Not since the Winter of 1921 and Spring of 1922 has this curve been so defl- nitely upward. It may here be recalled that this ad- vance in the curve, at that time, foreshadowed the large building pro- gram recorded in 1922, which stood as a record year until displaced by the vear 1923, a condition also forecast by the line fully six months before its actual occurrence. Using this same “straw in the wind,” there is little doubt that the first half, at least, of the current year will register a larger new building program than in any other comparable period. Building awards during this period will likely exceed $35,000,000, practically equal- ing the total awards for the entire year 1921, & Business Should Gain. With this huge program which is forecast fulfilled, general business in Washington, for a large part of the year, should experience consider- able rise, if past relationships be- tween building activity and business in general may be used as a basis for judgment. More buflding means more employment of laber, more purchases of materials and equipment, larger sales of appliances and furnishings, a larger demand for funds and the whole gamut of other important and varied economic phenomena directly traceable to the building industry. Even if building awards were to fall markedly in the last few months of the year the activity presaged by con- tracts already let and those in the immedlate offing predicted by our curve could easily operate to give full activity for the best part of this vear, since there is a lag of many weeks between the time a contract for build- ing is let and the time the structure i3 turned over as completed. Building Shown by Months. Below is tabulated by months the | building awards let in the District of Columbia since the beginning of 1925, classified as between the principal types of construction, the residential grouping Including hotels and apart- ments. 1926. Residential. +Val -and Total _No. of ™ piiedte . .$2.826.000 .741162.000 5:460.000 83 January February March April May June July August Seplember . Qctober November . December 1026 January As can be seen from the table, residential construction represents the large bulk of bullding awards. The present year, however, should find commercial structures taking a larger percentage of the grand total than has been true previousl Considering the noticeable increase in dwelling units advertised as for rent, it I8 apparent that the housing siuaion has eased and hat this con- dition is operating to effect a slack- ening in residential construction to- ward the close of the year if not sooner. Labor now employed in residential construction will then be shifted for this reason, to openings made avalil- able by increased construction activ- ity in commerctal types. It is believed that the present rise in the forecast line foreshadows more especially this change in the distribution of build- ing types, with commercial structures more than outweighing any possible ?e(}lllne in residential construction ac- ivity. -—— COTTON REPORT OUT. Census Bureau Gives Figures on January Consumption. Cotton consumed during January included 683,192 bales of lint and 56,- 465 of linters, compared with 575,271 of lint and 55,701 of linters {n Decem- ber and 594,010 of lint and 51,137 of linters in January last year, the Cen. sus Bureau today announced. In consuming establishments, 1,811,- 392 bales of lint and 159.875 of linters, compared with 1,717,972 of lint and 135,448 of linters on December 31 and 1,441,699 of lint and 137,367 of linters on January 31 last year. In public storage and at compresses, 5.175.834 bales of lint and 69,588 of linters, compared with 5,608,068 of lint and 50,723 of linters on Decem- ber 31 and 3,860,338 of lint and 57,953 of linters on January 31 last year. Imports during January totaled 62,- 061 bales, compared with 34,474 in De- cember and 54,822 in January last year. Exports during January totaled 749,987 bales, including 15,368 bales of 'linters, compared with 984,061 bales, including 10,220 bales of linters, in December and 1,076,075, including 24,214 of linters, in January last year. Cotton spindles, active during Jan- uary, totaled 32,803,156, compared with 33,000.874 in December and 33, 320,568 in January last year. Commercial. Value. $208.000 232000 No_ot ue. Projects. 0 17 14 4 13 *Includes other buildings not separately shown. 10ne project may cover several buildings. WOOL MARKET ACTIVE. Mills Putting in Orders for Imme- diate Needs. Special Dispatch to The Star. BOSTON, February 13.—The raw wool markets were fairly active today on orders for immediate needs of mills, but where dealers attempted to | push sales they had to make price concessions. Montevideo 3s, 4s and 8 have sold at the low side of recent quotations. Australian 64s are active between 1.00 and 1.05 clean basis. Ohio Delaines are bringing up to 53 cents in the grease. Territory wool is scarce and is held at 1.22 to 1.25 clean basis. DEFICIT IS REPORTED BY SUPERIOR OIL GO.| NEW YORK, February 13 (#).— Superior Ol Corporation reports a deficit of $325.911 for the fourth quar- ter of 1925 after interest, depreciation and depletion, compared With a deficit in the corresponding qua Compilations of previous quarterly reports brought the deficit for 1925 to $737,881, against a deficit of $350,032 the year before. COPPER N OW ON HAND. EW YORK, February 13 (P).— Stocks of refined copper in the hands of North and South American pro- ducers at the end of January amounted to\81,686 short tons, an in- crease of 8,667 tons over the month before, the American Bureau of Metal Statistics reports. Shipments in January were 105,370 tons, of which 67.829 were domestic and 37,541 ex- port. PABIS BOUBSE UNSTEADY. PARIS, February 13 (#).—Prices moved irregularly on the Bourse to- day. Three per cent rentes, 48 francs 75 centimes; exchange on London, 131 francs 83 centimes: 5 per cent loan, 65 francs 80 centimes. The dollar was quoted at 27 francs 6% centimes. NEW YOB.K FLOUR PRICES. NEW YORK, February 13 (#).— Flour steady ring patents and hard ‘Winter straights, 8.75a9.25. Rye easy; No. 2 Western, 1.07% f.o.b. New York, and 1.05% c.i.f. export. Barley firm; malting, 84a87 c.i.f. New York. WEEKLY BANK REPORT. NEW YORK, February 13 #).— Bradstreet’s weekly bank clearings, $9,368,328,000. BIGGER CROPS DESIRED. Argentine Farmers Study Ways to Raise More Wheat. By Cable to The Star and Chicago Daily News. BUENOS AIRES, February 13— Realizing the importance 6f stimu- lating wheat production in Argentina through improved methods of culti- vation, grain growers and exporters are holding their first wheat confer- ence at Rosaria, in the center of the wheat district. The desirability of convincing farm- ers of the advantages of intensive cultivation, better plowing and more careful selection of seed is being dis- cussed. The efforts of the Argentine government to improve quality and production are shown by the fact that a shipment is en route from Saskatchewan of 2,000 bushels of reg- istered Marquis seed wheat. (Copyright. 1926.) Received by Privats Wire BY WILLIAM F. HEFFERNAN. NEW YORK, February 13.—De- velopments over the holiday, so far as the speculative markets were con- cerned, were of a highly favorable ('hul’lctflr. yet it was only at the out- set that the curb market made any response. The settlement of the coal strike was reflected in sharp upturns in the stocks concerned. ~ Lehigh Valley Coal certificates advanced almost 4 points, and Glen Alden jumped 6 to 168. Some selling came in at the higher levels of the day, but most of NEW YORK, February 13.—Fol- lowing is an official list of bonds and stocks traded in on the New York Curb Market today: Sales in BONDS. thousands. High. 1:50. 1Al Pk 68 78 76 2 All Pk 8s 868 ?3 39 Am M & Fl s SD 09 15 11 Am & 7 0T Y -9 Anuvomh ds 83 by 103 % RS frri Be By Be s Sim 03 14 124G 3 73 4 Atl Fruit 30 30 1 o4 04 [ 104 104 17 Git 9315 R b(mfil 178 17 77 Cit 1%0 125 ist 18y is 13 Git 0418 041 3 o5 8 1 6ul *1067 108 % 10 Cud 054 04 1 Fed S 5% o 2 Fl 031y 9 16 oG i 3 G 00 8¢ oy a1 0013 09 5 04% 1 104% 1 Lol L 101 101 7 M 51 105 1081 14 M 0113 1016 1011 1N L 103% 10370 283 iy SO+ O 11 Pe iy 105 105 8 Py HEY DRY 15 P 9945 9913 10 R 29 1124 1124 12 Schulte R Est 68, 97 92‘. 07 I8hilte R Es 60 X B89 8514 HB% 19 8ou cal Bd se L 70 0T 80 ou Gas 6las 5 34 Seast Puwi 68 msl’. 105 10574 SN Y. 1884 1604 1 Stutz_ Motor Td Ty 1 Sun Ofl 54a 94, 0080 2Xwitt & Co B8 98 ¢ o 1 Trympull 981 061, o 100 * 100 101y 101 102 102 102 103 108" 1837 102 Ix" 102 1 1 1 1 1 1 1 ambure E Hungar Cons {ing Denma rupn Fried Prov Bue Air 7 .1 Rhine Ma Dany 7s O 22 Rhine Wespha Russ G 654 ASiem & ¥ 1801t & C fia ] 35 *rmu-n 1 & St U3 Weatoh U El 8%a 88 88 © 85 Sales STANDARD OIL ISSUES in shares 100 Anelo-Am Of1.... 100 Ang-Am O vt d 80 Buckeye P L ... 5400 Cont Oil new B0 Cumberland P L1 20 Galena Sie O pfn 3000 Humbie O & R. 40 Tilinois P L... . 1 1000 fmp Ol of Can n 30 Indiana P 1. ... 22060 Int Pet Co T.d. 50 Northern P L 500 Ohio 01} 1200 Prairis O & G n. 85 Prairie P L. .. 10 Solar Refinin, 70 South Penn Oil 200 South Penn Oil i 80 Southern P L. . 17008 O Indiana 1008 O Kansas 2008 O Kentycky 14008 O New York. R0 S O Onfo. . 10008 O Calif 700 Vacuum Oil. ... . Sales INDEPENDENT OIL STOCKS. in bundreds. 3 Am Contr Oilfids 33 Am Maracaibo Co 36 Cardinal Pets. .. 18 1 1 wEoa D SERTLEINE FILELS §F @ 6L i I (,\bmn 0 1Gult Oil Pa 4 Kirby Pet i'la'u Pery ago 01 Leonard 011 2 Wilcox Ol & G 1 Woodley Pet n 5% INDUSTRIALS. R Am Gas & EI } Am Gas & El ptd BAm L & Trac'.. 2 3 Am L & Trae ptd 1 1Am Muitier €o. . 1 Am Pow & L n Am Pow & Lt pt Am Ray Prod. .. 7Am Superpow A 6] Am Superpow B 8 Asso Gas & Elec 1 Blackst Val G&E 10413 Centrif Pipe Corp Chic Nip A, ... Chic Nip B T't Commonw Edison 1 Commonw P n pf Cone Laundries. . Cont Baking B.. 3 Cont Baking pf 10 Ourtise Aerg M. . 1De For R C vic: 9 Devoe & Ray n B 15 Dubilier € & R. ) weal Mot C Tinance B Mot Tru 76 DI Not & Loss to an Investor in 20 Years —,— e Loyalty “Faithful Service” You would not subject a true friend to humiliat- ing indecencies and expect to retain his loyalty. Why expect more from your Dollar? If you would enjoy its Loyal Support invest it in only proven Depend- able Securities. First Mortgage Notes On Washington Real Estate Pay An Annual Income of 6%2% Investment Department 713-715 and 717 14th St. - NEW YORK CURB MARKET Direct te The Star Office the improvement was maintained. Baking stocks continued their re- covery for a time on short covering. But after the demand had been sup- plied, prices eased again, Continental Baking A getting a half point below the Thursday final. Charles Fresh- man continued to feature the radio group and was dealt in around 25, where it was up fractionally again, The 25 cent a barrel advance in Pennsylvania crude oil quotations merely represented an adjustment to the recent advance in Mid-Continental prices and had little effect upon the market for the olls. i s 041 477 51 8 3 3 208 1 Lehigh Val € NG 4n8 Lehigh Ve & N 1308 5500 R oh St 180 Mercantile St C.. 1443 ~No Metro Chain Strs 41 5 Myl West Util.. 1311, 2 MId West Util pf 111 id West U pr idvale Co. o 1Phila Elec. . 1§ Bittsburih & 1 0 Prophylac Beush l Purlty Buking B % Rem Noisl T 6 Reo Motor . 13 Rickenbacker Money To Loan —on improved D. C. real estats. Prevailing interest rates. Prompt, courteous service. Minimum charges. Gardiner & Dent, Inc. Main 4884 1409 L St. N.W. ANY AMOU ApART AN oers BUSINESS PROPERTY 512% RESIDENCE LOANS AT LOW RATES FRED T. NESBIT INVESTMENT BLDG. Main 9392 First Mortgage Bonds Call or wrtse for Booklet N¥s The F.H.Smith Co Smith Bidg.. 815 15tk St. "1 10ss TO ANY INVESTOR IN 53 YEARS FEDERAL- AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President 1 Schulte Real Eat. 1 Singer_Mfg. 11 Sleep Rad v 'fs 15nia Viscosa ... 18 fouth Gag & P'A Sou Cal E S304 Gltlea vt vic 15 Sou Dairies A 79 South Dairies B. 22 Stutz Mot ... 1Swift & Co 8 Thermiod Rad 1Thomp R Cvic. . mken Axle ans Lux Pic ini S0l Lamp & Tunk 8o} Lamb & 14 Union~ Carb. Uil G & Imp Sales in hundreds 100 Ariz_Globe C. 10 Chino Ext Mines. 1 Cresaon Gold - 10 Eureka Croesus 50 Firnt h ason 0N 9 20 Parma Por M Ltd 12 Premier M i 2] Tonovah E: 15 Tono Min 48 Utah Apex BALTIMOBE PEODUCE BALTIMORE, February 13 (Specis but the pian has this Fi 1rst Trust Mone ON HAND —Auvailable for Both Building Loans and Completed Properties Reasonable Interest andCommission JAMES F. SHEA 643 Louisiana Ave. N.W. PRINCIPAL AND 6% IJNCOME POLICY The provis sis policy 1v similar 0 the krant of se in an estate. age over the fafe investment that it t of the contingent wx_per cent of the thiy in advance GV duied ST i oF seif and benchciary for Tutes N. E. ELLSWORTH. Gen. Agt. AETNA LIFE INSURANCE CO. 801-6 Woodward Bldr. Prompt Action First Mortgage Loans Li owest Rates of Intercst and Commission —White potatoes, 100 pounds, 2.00a|Thomas J. Fisher & Company, Inc. 4.50. Beans, bushel, 7.00a8.00. Brus- B 15th Street sells sprouts, 20a30. Beets, 100. 5.00a 000 ...."‘..“ £.00. Cabbage, hamper, \" ’ Sweet potatoes, barvel, 5 Tams. tasrel, =.00a5.00. - Carrota. 150, OMONEY TO LOAN 3.00a5.00. Cauliflower, crate, 2.25a2.50) Celery, crate, 3.50a5.50 1'1»umh4»m,\. ON REAL ESTATE crate, 6.00a10.00. Kale, barrel, | & FIRST TRUST . 1.\];. laaouuw. basket. ." AND S Onions, 1 >unds SIant, 100, 7008505, : ‘| @ CONSTRUCTION LOANS 3.50a6.00. Tomatoes, crate, 3.0026.00. Spinach, barrel, 1.5042.00. Savo: :| & N. L. SANSBURY CO., INC. . bushel, 60a75. Turnips, basket, @ 1418 Eve St. N.W. Main 5504 A ¥oienitazel, 21008550 bhianty m’m’..w 2.00. Grapefruit, box, 3.50a4.25 # Oranges, box. 3 4.50. Tangerines, irst box. '2.25a3.00. Strawberries, quart, First Mortgage Notes 5046 SHORT TEBM SECUBITIES (Quotations furnished by Redmond_ & Cc \ oo Sxar e 16 Am. Tel. & Tel Co. 4s 1 Anscondi Copper s 102 Associated 01l Bs 19: Baltimore & Ohio Gs 19: Bethlehem Steel 5s 1036 Gentral of Georgia & Chi. Mil & 8 P-‘;’.L k 5 102 o T 1033 & E . & E 1 s. mzn 8a 10 Goodyear GO et e 1 Gult o Corn” Pa Fock; Val B R 10013 100 1013, 1003 10355 100, 10430 ) R R S Ruhber 71 Western Westinehouse WE FINANCE ~——all classes of income-producing property Large Loans a Specialty Current int. rate and commission Higbie & Richardson, Inc. 816 15th St. N.W. 1 Joseph I. Weller For Sale 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 Street N.W. Main 10161013 Money to Loan first deed of trust on real estate ing " interest and commission: 420 Wash. 1. & Trust Bldg., 9th & F N.W. B o r e R Rt T FIRST MORTGAGE Money at 519 red b Prev Very Desirable Conditions Granted Tyler & Rutherford Loan Correspondent Mutual Benefit Life Ins. Co. Newark, N. J. 1018 Vermont Avenue Phone Main 475 = WEAVER 809 15th Street N.W. Metropolitan Life Insurance Company OF NEW YORK FIRST MORTGAGE LOANS Apply to BROS. Realtors Main 9486 Houses ON APPROVED Apply 1321 Connecticut Avenue The New York Life Insurance Co. Offers to Make First Mortgage Loans On Improved Real Estate in the District of Columbia and Nearby Suburbs in Montgomery County, Maryland FOR 3, 6 OR 10 YEAR PERIODS. = 5150 RANDALL H. HAGNER & GCOMPANY" MORTGAGE LeAN GORRESPONDENT Apartments Office Buildings SECURITY Telephone Main 9700 - 7N PENE2 NSNS YRS 7RI IV PN (N R AR Hedges # Middle REALTORS 1412 Eye St.NW. I\ NI Washington has de- veloped a greater percentage of profit in Business Property transactions ‘—that is, compored with most every city of its size in the U.S. Franklin95%3 NG NeppNsd, There Were Two Builders-- NE BUILT his house on sand and when the winds came it collapsed. The other—a man of foresight—reared his home on a rock, and the gales beat harm- lessly against the walls. If the House of your Financial Future be built on the sands of uncertain securities, it will topple in time of crisis. But if it be founded on an investment which has withstood the test of time, it will remain firm and lasting. Our First Mortgage Notes have endured since 1869, and now bear 614 %. Bk T 727~13. Street NW. Wasintngon DC. 50 Years Witheut Less to An Invester. N S A NG N NN ) A7/ NG/ N/ s N/ 2y Ozwer a Ouarter of a i Vithout Loss a B. 2100 F. Main cial worry. —financial THE COMFORT OF ASSURANCE Part of the purpose of in- vestment is to attain peace of mind and freedom from finan- Our 1,9, FIRST MORTGAGES offer absolute safety of prin- cipal and regularity of interest payment. ner to manage your surplus They provide a man- funds so that the true aim of 3 = gain irom worry. yvou can enjoy vour III\'C tment and freedom SAUL CO. 925 15th St. N.W. ind Surplus, $3,000,000.00 Tanglble Evidence Deposit Boxes OFFICER! William D. Hoover. Pmmem Woodbury Blair. 1 Pi Frank W Stone, 24 V. Pres: Frank Stetson, Trust Officer Chas. C. Lamborn. Treasurer E. Percival Wilson. Secrstary Frank R. Ullmer, Asst. Treas. Bruce Baird, Asst. Tr. Ofiicer David Bornet. Asst. Tr. Officer John W. Calvert, Asst. Treas. W. Hiles Pardoe, Asst. Treas. Alexander J. Fant, Asst. Sec. John M. nounr Asst. Sec. Audley A. P.Savage, Auditor Open Until 5:30 P.M. Monday and Tuesday February I5th and 16th —of the esteem in which this old bank is held and of the measure of pro- tection it affords, 1 found in a depositors’ list of over 46,000 and a combined capital and surplus of $3,000.000. T YOUR PAYDAY savings ought to have the security of such a bank. Become a deposi- tor now—almost any amount will open an interest-earning account Over 46,000 Depositors DIRECTORS: ‘Woodbury Blair William D. Hoover James A. Buchanan Walter Bruce Howe Wm. A.'H. Church ?ar:nlkli(:l fl}(uldekoper Walter C. Claphane yicior Esufimaon H. Rozier Dulaay. ir. Edmund D. Rheem Wm. E. Edmonston Frank Stetson Franklin H. Ellis Frank W. Stone Frederick A. Fenning William H. Walker H. Prescott Gatley Henry K. Willard Natlonal Savings & Trust Co. Oldest Savings Cor. 15th Yenr Depository in Washington .-3 New York Ave.