Evening Star Newspaper, February 16, 1926, Page 27

FINANCIAL. EGGS ARE LOWER, PO T HIGHER Poultry Prices Increased To- day—Other Changes at Center Market. Vkz prices are gradually declining, to largely increased receipts from nd “and Virginia farms. and ink Lenten users will have i cheaper prices during pprosching six weeks Vesterday and today, it Mmany haulers reached here Dlies they gathered the ast week. A price of S was quoted on averag morning. Pork dealers report a continuance ©f draggy conditions, with slight ad- :un'o in prices. The market has ‘€en draggy the past several weeks, according to dealers, and it is feared there will not be much improvement until the close of the Lenten season. Scarcity of fresh-killed poultry has Tesulted in increased prices. This is especially true of Spring chickens, this being the season when deal have 1o depend largely upon the stor- age product to supply demands. Today's Wholesale Prices. Hutter is stated with sup latter par and 32 receipts 26 ducks, 28a3 90a1.00. alves, top, 14z d medium, 1313; 1i Beef. 16 dressed por 16: light, 1 lambs heavy Fruit and Vegetable Review. Today's market report on fruits and vegetables, compiled by the Mar- ket News Service, Bureau of Agricul- tural Economics, says: Apples—Supplies moderate; demand light, market dull; barrels, Virginia, A inch St 5026.50; A 2%- inch Romes, some scalded, 3.50 4.00; Pennsylvania, A 215 inches up Staymans and Black Tw 5.00; A “%-inch Romes, 6.00; bhoxes, Wash- ington, medium to large sizes, extra fancy D . 3.50a3.75; fancy De. clous 0; extra fancy Romes, THE EVENING STAR, WASHINGTON NEW YORK CURB MARKET Reccived by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK, February 16.—The heavy selling movement of the pre- { Vious day caused considerable uneasi- |ness among the speculative element working on the long side and no effort was made today to rencw operations on the long side. Fairsized recoveries set in from Yesterday's low points, and carried prices up substantially from the low level reached on the preceding day. But buying. which came into the mar- ket, wus attributed to the covering in of short contracts, and, after the de- mandfrom this source had been sup- plied, the market turned irregular. Stocks of electric refrigerator com- panies, in which the rise had been pr nounced during the past few months, were offered freely, but they met good support and declines were inconse- |auential. South American ofl sha which had borne thelr share in Mon. NEW YORK, February 16.—Fol. lowing is an official list of bonds and stocks traded in on the New York Curb Market today Sales in BOND: thousands, 10 Alum 7s new '33. Xflvfl". 8 Am Gas & Elec 635 #0% 3 Am Pow & Lt 6s. 074, Am Roll Mills 0a: 1024 10 Anaconda 6a.o 0 1055 J4 Asso Gas & B3 ¢ 10 B'E W 5 5 Low. 1083, 203 2 o o 2335, & 050 300500 : h o 6s.. 38 ALl EEPFErER oS 2SRRI RSED! Fid SIERESE PEEEES SEReSDo0pI e SesEoo I 252 B 350% R A 5 as Balt 58 ¥ 1005 ne Tex: py. 00 F 100 oSt Fia P& T, 5" Gen Pl B 0 Goodye Gas Glas. s TGP 5 55 5 5555 8 S'east P&L 65 18 S'east tis w u\:k’: g\_lO‘ N‘}' 614 . Stz Motor” ¥4 B Shin 0N 5., o 14 Trumbull’ €41 76%. 0 STRUD alya Rub 615 3 Bun 452 G ub By "0 e 6ian A chster Mil 8a e FOREIGN B 30its Cologne 6l3s 4 City Dresden _7s.. 10 Frenoh Nat 74 - 20 Grn Elec Ger 8155 G Cons El Glgn 503 £3223RE23522E325 &8s P22 0D VEF 8 I rrcwen O ©23335302-000 354! CETEL TS i2 3 SO 235552 =00 aie oy Cabbage—Supplies moderate; de- mand light, market steady: new stock Florida, 133-bushel hampers, pointed tpe, 2.5043.00; old stock, too few sales reported to quote. Celery—Supplies light: demand light, market steady; Florida, 10-inch crates, 4 to 6 dozen, 4.50. Lettuce—Supplies’ moderate; mand moderate, market firm; Califor- nia, Imperlal Valley, crates type, 415 to 5 dozen, few sales 3.50; poor Prices Little Changed. Onions—Supplies light; demand mod erate, market steady; New York and 100-pound’ sacks, vellows, , 5.00; some small size, 2.2 82,30 Potatoes Supplics moderate; de- mund moderate, market steady: Mich lgan, 130-pound sacks. Russct Rurals, Supplies demand et dull; Texas, bushel bas- s, Savoy type, few, 1.00; poorer, 50 685 Cauliflower—Supplies moderate; de- mand light, market steady; California, crates, 2.50. Tomatoes—Supplies light; demand moderate, market steady; Cuba and Bahama Islands, 3-pan cartons, choice count, 8.25a3.50. Carrots—One Texas car arrived; 1 broken and 2 unbroken cars on track. Supplies moderate; demand light, mar- jet steady, Texas, bushel baskets, — Supplies light; demand Cuba, pepper small size, 1<gp lght, crates, 4.00 Strawberries nt upplies moderate; demand mod market steady Florida, pony refrigerator boorer, 50: holdovers, 45 per quart. Cucumbers—Supplies light; demand #low, market dull; Indiana, hothouse stock, t-dozen cartons, extra fancy, L 4.00 light; demand w, market dull; California, stand- wrd lettuce crates, 3.00. - ORE IMPORTS HEAVY. BALTIMORE, February 16 (Special). —Inbound shipments of ore through the port of Baltimore produced heavy tonnages in 1925. Baltimore imported 1,313,856 tons of iron ore last year from Cuba, Chile, Germany, Greece | and Spain. ' Import of manganese ore | reached 482,661 tons, shipped by Bra- | Turkey, England and British In- dia. Kainite imports totaled 36,191 tons, from South and East Africa, Greece and Cuba. AIR REDUCTION'S NET. NEW YORK, February 16 UP). Reduction Co. reports net profits $2.016,865 for 1925, equivalent to $10.02 i share, compared with $8.56 a share in 1924 T SHORT-TERM SEéfiB.—ITIES. Adir. Pur. & It. Co. Afin."EC 0t Ainer: 7 Amer. Bect “Sugar os 10: Am. Tel. & 15 \liconda “Copper Gs 1 ted OH s O 2SS 0s0. ey Contin. Gas t.rie R, R. Co. bs 1926 Jederated Metals 7 {sher Body Corp. Goodyer T. & R. reat Nortiern T 103! 01l C. of Pa_Blys . Val R, R.Co. Bs 1 bl 01l 515 1032 h Pow, Ser. Co. 68 S ss o xoos SSESS583SSER8ES = ey 352! 5255500 gess \SERRSRno8SSSSRERSER 22232 =oc peuna. R. R Sunel. Cr. Oil Pur, Switt & Co. b P Courtauld's Ltd. ey Du Pt de Nem db. Apr 2§ Apr. Dy Pt Powder. ... 1 Apr. 0. DL.. .. % May Lacleds Gaa'1 Sou Car Pw pi Stand O N J Do, ol oo vgited © §¢"Am s W bbmisiste 1215k nron ™! SRERSEEE: R i siogk [ >R SenRas o] 0 el SEREN ungar Cons iz & Nethl #s '54 B 1 rupp Fried I, 7s. or Bk Denmi 6a 1 rov Buen A 71y 1 ein U esphalia s 8 N'chs & RTS8 s Ir & St 7s. STANDARD OIL ISSUES. 1 shares. 100 Anglo-Am Oil. . . 100 Atlantic Lob & 5 Sz3empas R; 532: 23! 2228 pomzooC oS eRDRny o0’ SSR22Z233RISAET Tere EH 235323223 [ g 1100 Humble Ol & R 2600 Imp Oil of Can n 50 Indiana P L. ... 3300 Int Pet Co Lud 100 Northern P L. .. 10 Ohio O1l 30S O Ohiol”.".. 0 3 54008 O Calif nw wi. 1100 Vacuum Oil...... Salesin INDEPENDEN hundreds. 10 Am Contrl Oilfids Am Miracaibo.... Beacon 01l 6 Cardinal _Pet 127 Carib Synd.. 18 Cit Serv new Cit ‘Serv pfd 71 Columhia® Ss7id 6 Cons Royalties. S SRawnon SRS FEE FRNES [ Washington Stock Exchange SALES. Washington Rwy. & pfd—10 at 91, # Shiercial National Bsnk—10 at 260, Com at 258 Oy chnants’ Transter & Storage Co—5 at 1014 10 at 1014, 10 at 101} Natignal Mortgage and Investment ptd.— 50 at 8's. 50 at 8. AFTER CALL. Capital Traction 55—$1.000 at 100, $500 2 ¥ 3%ningotn Bwy. & Elec. pta.—10 at 01, 1028 fral-American Natfonal Bank—1 at 401 Washington Gas Light—10 at 79%. Kmerican. Security & Trust Co.—10 at 308 2nineton Gag Light—15 at 73 Chorapeake, & Poiomac Tel. of ¥ I : SIS Maction co—7 at 107 Money—Call loans. 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY, n Tel. & Telea. 45... an Tel & Telga. 4 1s. & Tel. etl. tr. 5m. o & § ¥giomuc aui. Foir 3 lephone o8 ¢ & ¥ feienpone of ¥ Caplial Traction B. R. £I5'% suburban 6 Geargatown Gan 1 Fotomas Fee! 10603 Potomes Eloc. co Potomae Elec. Os 1958 .. g . & rel. Fa. B Ser. Ba: MU V. cttn. & Antiap Ba.a | Tedthineton e Ba” asbington Woan. By, & Wash, Rwy. Seo by SFS=5T 9SS0 0rTeS0s! SONEBOSAE LT e o Boi soine. ot Joinf Wardinan Park Hotel o STOCKS. PUBLIC UTILITY. American Tel, & Telga. Capital Tracti National Capit Columbia ... . Sommercial Liverty in=oin National M Riges Awmerican {ontinental Trust Merchants' Bank. Nafional Savines “hion Trus Wash. Loan & Trist SAVINGS BAN Commerce & Savings. East Washington. Security Savings Aorcoran Laionn "viiion. TITLE INSURANCE. 1a Titl sy Cotumpla Tite, ) TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) —Noon.——— 2 sta e MISCELLANEOUS. r pid. = SRS & Storide. Merchants: Tran. & stor. ptd ergenthalerLinotyy . 214 Naif Mege. & Tnvest. 0ld Dutch Market pfd. Lanston Monotype. ecurity ¥ SeRineton Market. “Ex dividen D. C. Pi Direct to The Star Office day's reaction, started forward once the selling had spent {tself, and good- sized recoveries occurred. This was especially true of Carib Syndicate, Leonard Oll, Venezuelan Petroleum and Creole Syndicate. Gibson Ofl con- tinued its upward movement, reaching a new high for the year on the report that the Phillips Petroleum Co. had contracted for the development of its Pan Handle property on a royalty basis. United Gas and Improvement rallied almost 2 points from the Monday final, and others of the group were disposed to recover. Some further offerings made themselves felt in Glllett Safety Razor, but the decline was too light to be of significance. The market as a whole was in a high- ly nervous state, and it was evident that the outside public was reluctant l(;d come in to any extent on either side. "o st EoEan: P N i e on Oil... ivingston Pet. Mar ex‘alu.“ ex Panu FeE & PR IF Cona 38alt Ck Prod .. a1 40 Venezuelan Pei 7 O Wamner Quinlan. 26 INDUSTRIALS. 2 Abrah & Straus. 4 SANM 5 Meetay ARl ]‘ :21\8.1'0‘:!. F“:Irm. 138 0 Am ome Pr'wi I & T pe it A wr Fow &L n: Pow & L'ptd 18 Am Ravon Prod: AR TRIR°E pla 4 Armour leather. 8 Aswo Gas & Elec 3 Frult . E W dep rden Co ex-div 1. ad Fireproofing eport Mach, iyn_ City R R.. Niag Elec P Can Dry Gin A n 3 Cen States Bleo n 3 pe Corp 7 Commonw B .- 40 3 Commonw P bt 1 5 8 e D 0 b N PRI e e EEEE Lttt P O R LSS I ST FFEa o memcoae: 1 O Commonw P Wis Cons Gas Ball n. Cons Laundries. Cont Baking A ont Baking B 3 De Foreas Ra vii 2 Denver Tram n p 14 Devoe & Rey n'B © Durant ‘Motor LEI Bund & 8 3 EU& Shiw | P GRS Fle? N s 5 Fageol Mot Co 1y P, &3 & - BOH tEe el Sz 2G2S RS A ma: B 1rensesoroa! FHESTE Rt S ER 14 Ind Ray 5 Int Cone. 8 Lehigh 5 T«high I,dA na” Pow v Mengel Box ... . Metro Chumn Stes MidTand &0 2o 16 id Weal it Hler Hub e i e Miss Riv Pow pi. 3 Moltauls Ve nbw Mon 1§ Pittsburgh & T 3 Power Corp N ¥ 11 Brocier € Gamible 1 Purity Bak. i Trurky BakinE & 5 Rand” Kardex' Bu 4 1y R se T pr Ul i S B Goron Serv Eloe 11 Sicoper Radio vie 8 South Gas & P 790 geant B LS W E 4 Bou Dairies” 60 8ou Dairies. Sou Jee Tul 14 Sou Pub_Util. St Rey A S oo e S 2sgitnarsie e & S R * B Sales in MINING hundreds. 10°Ariz Globe C. 20 Chino’ Ext Mins G Cres<on Goid. 40 Eureka Croe 50 Flor Goldfid M Golden Cent_Min, L i AL et WL T Er s 2, 3 SR S oy FE IR FEE IS o ResoBmesedEadnn— ResSSues 3 FE i S ° 2 COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY MINNEAPOLIS, February 16.— With slack demand free offerings mill feed prices are at the lowest of several weeks. Pure bran Is selling at $24.60 a ton, standard middlings at $23.50, corn at 57 to 76 cents a bushel and oats at 35% to 38 cents. ‘WICHITA, February 16.—The deep- est test for oll known in this country has been abandoned with the well at 5,679 feet. The well was drilled by the Watchorn Ol and Gas Co., and cost $200,000., CHICAGO, February 16.—The beef market continues slow and draggy with constantly easier tendency, al- though prices showed little change, Demand has failed to pick up and supplies gre ample. Fresh pork has a somewHat better demand, with prices showing 2 gradual improvement. ATLANTA, February 16.—The Pres- tolite Co. of New York has purchased a G-acre tract here and will begin con. struction at once on a branch factory, the first unit of which w#l cost $150,000. CLEVELAND, February 16.—The Grasselli Chemical Co., with plants in New Jersey, Pennsylvania, Alabama, ‘West Virginia, Ohfo, Indiana and Illi- nois, will raise its capitalization about $2,000,000 to provide for plant expan- sion. {ut unchanged prices to a deciine of 4 | points. PRIGES OF RUBBER DRDP INLONDON Market Weakens = Sharply Due to Lack of Support of Manufacturers. By the Associated Press. LONDON, February 16.—The raw rubber market in Mincing Lane weak- ened sharply today owing to lack of support from manufacturers, and spot and February deliveries fell 3 pence to 2 shilllngs 513 pence (59 cents) a pound Rubber shares on the Stock Ex- change developed a corresponding weakness, offers on the market finding litls support. The Stevenson scheme for the re- striction of rubber exports from the British rubber-producing colonies came up in the House of Commons today. Cecll MHarmsworth asked Bir Philip Cunliffe-Lister, president of the Board of Trade, whether the scheme has been modified, and if so, why; and what will be the financial result of any change. The government spokesman replied that the system by which the amount of rubber to be exported was fixed at quarterly intervals had been modified in respect to the three-month period beginning February 1. He said a de cision to increase the percentage of rubber exported by 15 per cent instead of 10 was taken to insure relief for those who found themselves faced with the necessity of buying rubber at ex- cessively high prices. He was unable to give any estimate as to the finan- cial result of this action IN TRADING TODAY Overnight Buying Orders Help Early Market—Foreign Cables Unfavorable. By the Associated Press : NEW YORK, February futures opened stead May, 19.48; July, 188 December, 17.83. Th 16.—Cotton March, 20.07 : October, 18.23; market opened Overnight buying orders and further covering of March and May shorts owing to the nearer approach of the first notice day and the comparatively small amount of cotton here available for delivery were supplied by liquida tion or selling against purchases of later deliveries, and the market eased shortly after the call in sympathy with different Liverpool cables and reports of continued good weather for early farm work in the South. March sold off to 20.02 and October 10 18.20, the market showing net losses of about 3 to 5 points at the end of the first hour. Noon Blds on Cotton. March, 20.02: May, 19.47: 18.83; October, 18.15; December, Cotton Market Closed. NEW ORLEANS, February 16— The cotton market and rice market are closed today, Mardi Gras day REGRETS LAND LAWS. Firestone Says They Hinder Rub- ber Growing in Philippines. MANILA, February 16 (®).—Harvey Firestone, Jr., who arrived here on the President McKinley on his way to Singapore, said that he had not come to the Philippines with the inten- tion of testing the feasibility of grow- ing rubber here. Should the government see its way clear to revise the land laws in such a way a8 to meet our request he said, “we shall doubtless make tempt to organize a rubber piantation in the Philippine: tis to be regretted that American rubber interests are prevented from D. G, entering Into that big industry in this, the only American possession in the tropics. WALL STREET BRIEFS NEW YORK, February 16 (®).—The North American Company has extend- ed its holdings in Wisconsin and Michigan through purchase of large majorities of the common stock of the Iron Mountain Light and Power Company of Iron Mountain, Mich., and the Niagara Light and Power Company of Niagara, Wis. The pur- chasing price was not announced, but the physical valuation of the acquired propertles approximated $500,000. Rallway Steel Spring earned $10.39 a share on the common stock in 1925, after preferred dividends, in contrast to $6.63 a share in 1 . Net earnings increased to $2.348.244 after charges, depreciation and Federal taxes, from $1,841,159 the year before. Consolidated net profit of $585 for the 14 months ended December 31, 1925, is reported by H. R. Mallinson Company after all charges except Federal taxes, estimated at $64,000, in contrast to net loss of $161,455 for the 12 months ended October 31, 1924, This is equal to $1.88 a share on the common after preferred dividends. Stockholders of the Bank of Ameri- ca will vote February 26 on a pro- posed increase in capital from $5,300,- 000 to $8,000,000. Stockholders of record February 27 will be offered 15,000 new shares, $100 par, at the rate of three new shares for each 13 shares held, at $240 a share. Despite competition of long distance telephone, air mail and radio, the tele- graph and cable business of the Mac- kay Companes in 1925 was the largest ever handled, Clarence H. Mackay, president, stated at the annual meet- ing today. In the next few vears the Postal Telegraph system proposed to expand its facilities even more rapid- 1y, he asserted, in order to keep ahead of the gréat industrial growth of the United States. The_ first report of the Gotham Silk Hoslery Co., Inc., since the ac- quisition_of the business and assets of the New York Co. shows net earnings of $2,165,769 for 1925, after taxes and all charges, equal to $5.60 a share on the common after pre- ferred dividends. Current assets, in- cluding cash of $937,349, were $2,993,- 6533, against current liabilities of $877,006. The company has no bank loans, funded debt or mortgages on any of its properties. Utilities Power and Light Corpora- tion and its corsi.uent companies bad net income of $3,573,245 for 1925, @ gain of more than 22 per cent over the previous year. Gross income was $7,630,894, against $6,557,090 for 1923. uance after interest charges and preferred dividends was $1,554,821, equivalent to $8.40 a share on the class “A” shares outstanding for the January 1 dividend. Thaedmto: Ollhln(‘l‘ Transport Co. report ay that January produc- tion totaled 600,000 barrels of crude ofl, as compared with & monthly average of less than 380,000 barrels last vear. Total 1925 p ‘was 4,466,974 barrels. 3 COAL MEN WOULD KEEP NEW MARKETS Bituminous Producers to Fight for Trade—Big Sub- stitute Supplies. BY J. C. ROYLE. al Dispatch to The Star NEW YORK, Fbruary 16.—With the anthracite miners gathered at Scranton to ratify the peace terms which are expected to send the men back to work Thursday, it is the turn of the soft coal men to worry. The bitumi- nous producers anticipate holding the markets they have taken over for some weeks longer at least, and they feel that demand will be high until Spring weather sets in. But anthra- cite production will cut first into soft coal prices and then into soft coal sales. The settlement of the anthracite strike, however, probably will result in the resumption of operations in a number of steel mills which have been closed down. During the strike much by-products of coke, which formerly was used in the steel mills, went into the Eastern markets for domestic heating purposes, and prices rose to such un extent that steel men in some instances closed their plants. Future Sales Unsettled. Opinions in the steel districts, how- ever, differ as to the immediate effect of the strike settlement. Some of the leading coke producers predict an immediate falllng off in demand. maintain that householders who have grown accustomed to coke will not readily return to anthracite. Coal prices now are about 12 per cent below the high point reached in November. and many cosl men pre- dict further easing in the near futur Industrial demand for coal is heavy. Factorfes and mills all over the coun try are working at high speed. This condition is expected to continue, but the fact remains that there are more #oft coal mines than are necessary to fill demand und more soft coal miners than are needed to work the mines. The situation of the soft coal producer ot been basically changed the hard coal strike brought enlarged temporary profits to some. ; The coul distributors and retailers o had thelr shara of worry today. yme of them in the eastern field an- ticipated that the strike would con tinue longer. Settlement found them heavily stocked with anthracite sub- stitutes, and they now are straining every effort to dispose of these ac smulations. Some of them have con- tracts with producers calling for large shipments, and mine owners are not likely to allow them to cuncel those agreements. J. W. Smyth, large coal dealer of Philadelphia, sald today: “‘Persons payin ound $16 a ton for soft coal will not buy the substi- tute it anthracite is available, and in consequence heavy lo possibly running into many thousands of dol lars, will be felt by dealers who over- stocked with substitutes.” The record-breaking production of soft coal is beginning to show in the | accumulations of bituminous stocks. Geological Survey figures show the outturn of bituminous in some fairly .cent weeks has been well over the 000-ton nd been pretty steadily above 12.000,000 tons. With that fact in view, the out look for soft coal companies outside the nonunion fields is only falr at best. 0l Dealers Active. Oil producers and makers of oil- burning equipment, in the meantime, are striving vigorously to strengthen their position in domestic heating fields. * Rallroad yards at the anthra- cite mines, which for weeks have been piled high with snow, are being cleared today in anticipation of rati- fication of the agreement by the miners. Union officials in some dis- tricts have given permission for ad- ditional men to go to work to clear the properties and put them in shape || for active production. (Copyright. 1026.) COAL EARNINGS GAIN; OTHER TRAFFIC DROPS | Western Maryland’s Income Shows Large Advances Over Early Last Year. Special Dispatch to' The Star. BALTIMORE, February 16.—Ship- ments of soft coal are the big factor in the favorable earnings of the West- ern Maryland Railway thus far this vear. Receipts from this source the first week of February were $83,210, or 47 per cent larger than for the corresponding week in 18 Losses in other classes of traffic reduced the gain in gross earnings for that week to $77,746. For the year up to February 7 the gain in receipts from coal tonnage was $266,264, or 27 per cent. Losses from other classes of traffic. however reduced the increase in gross earn. ings to $255,048, compared with the corresponding period in 1925. WAGE DEMANDS ARE HELD OF FAR-REACHING IMPORT Special Dispatch to The Star. BALTIMORE, February 16.—De- mands of rallroad employes for wage increases are regarded as of “supreme importance” in the monthly bulletin of the Paltimore Association of Com- merce, just issued. Uncertainty as to the status of business for 1926 if the controversy between the unions and raflroad managements becomes acute is expressed. Business interests are urged to watch the situation and be ready for eventualities. Have You Been Stung Yet? Some men have to get stung good and hard before they learh to be cau- tious in making investments. Before you invest—investigate! TUESDAY, FEBRUARY 16, 1926. th}do:;ue otu For Sale In Denominations of $100, 5250, $500, §1,000 617 Interest Secured on D. O. Real Estate Wm. H. Saunders Co., Inc. Established 1887 1433 K Street N.W. Main 10161013 FIRST MORTGAGE Money at 517 Very Desirable Conditions Granted Tyler & Rutherford Loan Correspondent Mutual Benefit Life Ins. Co. Newark, N. J. 1018 Vermont Avenue Phone Main 475 " Money to Loan Secured by first dend of trust on real estate, Joseph 1. Weller Prevailing wterest and commiseion | dg., Oth & F N. Loan real Money To Prevailing interest rates. Prompt, courteous service. Minimum charges. Gardiner & Dent, Inc. Main 4884 1409 L St. N.W. estate, Y INVESTOR TN 33 VEARS S.W.STRAUS & CO. i. FEDERAL- AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President Magnolia Petroleum Co. Serial 4149, Gold Debentures Due February 15, 1933-31 The Standard Qil Com- pany of New York has assumed the due and punctual payvment of the principal and interest of these Debentures. Prices yielding about 5% Circular on re The National éhy Company Washington—741 15th St. N.W. Telephone—Main 3176 Satisfaction PLE who purchase the real estate bonds underwritten by §. W. STRAUS & CO., “stay sold”. They purchase them year after year, as their fortunes ac- cumulate. More than this—the owners of these bonds con- stantly recommend them to friendswho havefundstoinvest. Unquestioned safety—wide di- versification —and a gratifying interest rate of 5.75 t0 6.40%— these are the principal reasons why Straus first mortgage bonds “stay sold”’. Write today for BOOKLET 781-G Tacorporated Invesoment Bepds 929 FIFTEENTH STREET Telephone Main 5847 WASHINGTON 44 Years Without Loss To Any Investor Over a Quarter of a Century’s Experience of Main 2100 rental ments, Stores or Houses —depends regularity of manage- ment. Our property man- agement specialists give the constant personal at- tention to every detail that holds tenants and as- sures your steady earn- ings. B. F. SAUL CO. Regularity— income from your property—Apart- on efficient 925 15th St. N FINANCIAL. Have You READ Our interesting new book- let—"A Common - Sense Talk On First Mortgage Investments”? Sent promptly on re- quest by phone or mail 14]7 K Street The New York Life Insurance Co. Ofers to Make First Mortgage Loans On Improved Real Fstate in the District of Columbia and Nearby Suburbs in Montgomery County, Maryland FOR 3,5 OR 10 YEAR PERIODS. SY2% ON APPROVED SECURITY Apply RANDALL H. HAGNER & COMPANY MORTGAGE LoaN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Houses Business Properties Apartments Oftice Buildings APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Lecated in the Distriot of Columbia and adjacent Suburbe in Mentgomery County, Mé- 5:% INTEREST ’.fl pply ro H. L. RUST COMPANY LOAN CORRESPONDENT ®se¢ PRUDENTIAL INSURANCE COMPANY ¢ AMERICA 912 15th Street N.W. One hears that “so and so” made a very fortu- nate dealing in a Busi- ness Property. Perhaps, upon snvestig ing, yowll find it “Good Management” rather than merely “Good Luck.” was BELIEVING that all Thinking Business Men demand— Investments 3 That Are Dependable And Remunerative We Offer First Mortgage Notes They Yield an Annual Income of 612% The fact that they are secured by Improved Real Estate in the Nation's Capital doubly guarantees them. Investment Department 713, 715 and 717 14th St. Main 2345