Evening Star Newspaper, February 17, 1926, Page 25

FINANCIAL, EGGS ARE LOWER INLOCAL MARKET Storage Product in Very Poor Demand—~Price of Beef Unchanged. Al egg market this mornin lowest and 32 the highest for receipts. There vlenty s still on the market, the ek hand York, Philadelphia, <! ton ye totaling 17.000 4000 compared the corresponding day ave are rts, s in New md 1 on erday decre: of with Y tigure year. torage demand, oing be; eved that ed in certain eggs are dealers orted sup ging at cents. Tt is SUCh stock is being offc quarters for the fresh conding to dealers. not in re produet, ac > Heavy Losses in rted on It Eggs. have st Packers lost millions product t no w under 32 cents vorted being said he had committed i a result of ren dollars season. put away last the hishest pri and a local heard_of 1 suicide the West this Wint despondency over losses say low prices for the at this season suggests sh prices in May ices of other commoditie were practically the ed yesterday. Wholesale Pri ney one-pou , 49a30; store y rage recei hennery turkeys, —Alive, top, 20: keats, 40a70 Spring chi 90a1.00. Live stock—Calve! 1d mediu als ghi, . top. choi Meats—Beef, 165 ; dressed pork dium, light, ders, : veal, me : shoul Fruit and Vegetable Review. Today's report on fruits and vegetat siled by News Service. Bureau 1 Economics) says: n demand Virginia wymans and 2% “inches up, Bl mans, mostly 6.00 Washington, medium moderat rm: new Ilorid !l hampers, But Few Price Changes, Supplies mod e, market Tmperial Valley, 45 dozen, best, 00; 6 dozen Icebers. poore zona, poor quality, Onions—Supplies modera moder steady; and Mi n, 100-pound Tows, U. S. 1. 3.00. Potatoc upplies mand good, market steady: isset Rurals, o demand New York sacks, vel moderate; de- Michigan, U. s. heavy Te: few demand " dull baskets, v type, 1.00; poorer. Cauliflowe mand lisht iles best, Supplies mode e rket steady: California, Tomato Market Dull. (toes—Supplies licht: demand market dull; Cuba and Bahama . 3-pan cartons, choice count, Tom: lizht, mand bushel Supplies moderate: de light, market steady; Tex i ss receipts and sup -mand moderate, market - crate, fancy stock, supplies cleaned up: et strong; Florida, bushel ba , flat stringless, 11.00. Strawberries—Supplies very light; demand slow, market dull; 40a50 per quart. Kale—Supplic light. market st top veneer barrels, Chicory—=Supplies slow, market dull: Calif lettuce, crate, 3.00. Cucumbers—Supplies moderate; mand slow, market dull; Indiana house, dozen cartons, 4.0( fancy, 4.0024.50. demand Al demand d de- hot- extra WiRED STAR FROM IRE COUNTRY February 17.—Value of | on Minnesota farm set at.$154,198,- ST. PAUL, milk produced a ng the last year & 000, which is slightly less than for the yeur hefore. he gross farm value of milk s 45.8 per cent of the ¥ combined gross farm value in Minne- "KSONVIL ¥la., February “lorida capitalists are looking for of 40,000 to 50,000 acres in 1, on which to establish a dairy farm and ereamery, the products from ich would be marketed in Florida NEW ORLEANS, February 17 ——The mills of the Southern Pine As- sociation reccived orders for 85,000,000 feet last week, a gain of 19.7 per cent. Production remained unchanged ,000,000 feet and shipments 77,000,000. Total unfilled orders gregate 263,000,000 feet ANTTOCH Calif., February s growers have finished n, shipping over 1,200 carloads to E: ern and Middlewestern points. Close to 15,000 boxes of asparagus will be packed during the season now beginning. NEW ORL —The foreign for the last y This was an in; over the previ profi ANS, February 17. commerce of this port r totaled $695,000,000. A Fool and His Money. The fact that a stock certificate is printed in fancy green scrollwork is no proof that it is worth any more than ordinary wall paper. Thousands of people in Washington would have . saved their money if they simply had asked their banker to tell them what he knew of some supposedly wonder- tul investment, sorts of prices were quoted in the 29 being the g0 storage according to last hos, | bushel | BY wWIL NEW M F. YORK, HEFFERNAN. ‘ebruary 17.—The that prevailed on the Curb change today was further eviden tnat recent operations n both ¥ and_sellt Sipany e work of e i in certain issues nothing more than support their f: vorites and stocks which. had been un. c ently fluctuated over NArrow range within fractions of i Tuesday’s final prices. here were a few exceptions to the !gonoml tendency, however, . YORK. February 17.—Fol- | 1 official list of bonds and ded in on the New York NEW lowing is BONDs Hig! x s & Elee 62100 = Thread . ? 1 Wi i oane Allieid Packers 8a. 10 A Gas & Bive i A ¢ 10 Py Crami Cn Ol Prow Rub < Run 1S Rub 6 78 Rub 6135 42 S Rub G125 ‘40 N 518 AL » Sew 3 FOREI ‘Am Oil 100 A0 Am 0 vie ofi 00 Conment O . Eureka P 5 Gal Siz Oi) 10 Gal S0 pfd'n 00 Hamble Ol & R 00 Im 0 of Can_n ) Inte; )N Y 0 Ohio So 100 V arih Synd it Serv new “olumbia Synd’ | o1 ctrie Power pid.—10 at 108, Electrie Power pfd.. int. y 3 ;]U‘rmzsl Bank—10 at 211, Seéurity etf.— 30 at Trust Co.—9 at and pe—1 e'and Investment pfd.-— AFTER CALL. Waxhington Gas 55—$1,000 at 100, $500 at_100. Poto at 108 10 at 000 Electric 48— ction 55—3500 at Y 0 1 Washington Railway and S1.000 at 80 Norfolk and Washington Steamboat Co.— at hants Transter and Storage pid—20 at 101,10 at 101, 50 at 101. Money—Call loans. 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY Amecican Tel. & Telga. 4s... 97% Amiei van Tel & Telza. 4 7 Am. Tel. & Tel. ctl Aricstia & P Ana % Potomuc C'& F Triephone 55 & P. Leicuhone 6f Va, ba apital Traction R. R : City & Suburba Boton | Poton | Potom POt E Wash.. 4 Waeh! Wiash . Balt, Washington” Gas Gas R 3 - Rwy. & Elec. ken. 83 MISCELLANEOUS Paper Co. 68, Pot. Joint. Stock 1 Southern Bldg 635s 13 Sice, “Ford, 3 Wardman P D.C STOCKS. PUBLIC UTILITY an Tel, & Telsa. ftai” Traction Dahington Gas | Norfoll™ & wash. Steami Dot Elec: Pow. pld..: BOt Blee: Pow i oi an R i & wid Wash RwY. NATIONAL BANKS National Capital. { Columbia . Commercial District . TRUST COMPANY. American Security & Trust.. 400 Continental Trust 100 Bank. Union Trust Widh Loan & Tradi.” SAVINGS BANKS. United States.. Washington Mect FIRE INSURANCE. American . 3 Corcoran . Firemen's National Union® TITLE INSURANCE. bia Title . Sou Bt Tie MISCELLANEOUS, r pd. torage gederal i Mnrfenlhnhr *Ex dividend. et otype. e vid nd where : Ger Gt 4-68 (forced THE EVENING NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office price changes were wide they were for the most part on the side of advance Richmond Radiator came in f attention than a point in response to the report for 1925, which showed $6.65 a share. With the floating supply of this stock | comparatively small, it was not a diffi- |eult matter to bring about higher prices. | Industrial Rayon was another spe. |c ‘tive and high follow- ing the announcement that the com- pany had completed a 50 per cent ad- dition to its Cleveland plant. Markay 0l 11 Mex Of1 . 4 Mount Prod. New Bradiord’ 0. w Moex Land. . Cent Tex O ¢ Oi Corp. .. I Red Bank Oil 13 Reiter ¥ 1 Salt Ck P eneluelan INDUSTRIAL: fam_Co n Am Gy Iam ( 12 A Fisk R 0 18t pf & R u pf 1st con Forhan o A 1 Mot Co_Can MM West 1 13 Mobawk Vai i Mo Hud P&L qun K & ckenb ) Rich Ra 1, Singer 1 Singer 9 Sery 31 Sleep Ra Snia Viscosa i R Sou Gas & P 200 South W th Dairies B s Beil pfd d 1Stand Pow Stana Py FEGEEE B imiken _ Axle. .. ower Mfi rans Lux Pi rumbuil Steel; Cung Sol Lamp A nion Carbide tor | s Ci e SR Rt Ul Share op w ul Share pr. Lt & Ht pf. Kub Reclain ic Talk Mach. 1 West Aut Sup of i 1 West Pow WEOF ooy Sl XIS E i dis AT o & 1%, Woodward ir €.11 1'yel Taxi C : Sales in MI hundreds. 30 Ariz_Globe C... 7 Calaveras Coj 4 Cons Cop Mines, 1 Copver Range 2 Cresson Gold . X Dolores Esper' . F& Bier a1 i 10 % ity Ui S P 11 Kay_Cop Cor 1 Kerr Lake . 2 Mason Val . 1 New Cornelia’ o= s L e PP Sm 2o Ga 8 21 Ohio Con 20 Premier Gold M.. Red Warrior .70 .3 508 o God 25 Teck Hughes . 1 Tono Belmont . ! 18 Tonopah Ext . EOE R GERMAN BONDS AND STOCKS. (Quoted in dollars per mlmon macks) skced. Ger Gt (w In) 58 1914-18 10“5 00 Hamburg 4%s 1019, 2 3833 Quoted in doll h vos il (Quoted in dollars per thousana m Ger Gen Elec 4348 pre- a0y ke Ger Gen Elec 4 Bl‘l’ll:’l 48 % Ham 3 HEmp N DN Lapes North German Lloyd 4 Norih German Lioyd Prussian Consol Krupp 5s 1921 Dusseidorf 4s pre- ar. Priibkfors, a-M Munich 4s pre- Badische Anilin REC (der G Ei Commerz and Privai Bi Disconto. Gellschaft Dresdner Bank - S - e . rorSERREE o e 1 RS QRO RO BbRorochoo0cSh en Chemical 3 Aot Rei (Gen Eleo) Sewai ‘(50 Aust Fieds TBEASURY CEBTIFICATES (Quotations furnished by Mmfind & Co.) 3 OO DT AT 533c3882323328528583 5x863383333ESSSF LIVE POU’LTBY MARKET. CHICAGO, February 17 (#).—Poul- try—Alive, hens, weaker; steady. Recelpts, six cars; fowls, 2 Springs, 30; turkeys, 35; roosters, 21 ducks, 30a32; geese, 20. STAR, WASHINGTON, r more | at an improvement of more | | Toign Pac, & | Westinghouse E. D. PREDICTS BUSINESS WILL EXCEED 1925 Richard B. Mellon Notes Gain in Steel Trade—Rail Head Optimistic. By the Associated Press, NEW YORK, February 17.—Present indications point to better business in 1926 than last year, sald Richard B. Mellon, president of the Mellon Na- tional Bank, Pittsburgh, on his depar- ture for Europe today. conditions are sound. The steel busi- ness in Pittsburgh is showing great improvement over a year ago. Steel rolling mills are operating at greater capacity and railroad orders are in larger volume. Grain prices have fallen off, which is as it should be.” Danlel Upthegrove, president of the St. Louis-Southwestern, says agricul tural reports and position of the farm- ers in the cotton belt territory are as good, it not better, than last year, and there is every prospect of a well balanced period of agricultural, indus- nd general business activi In east Texas, Louisiana and f Arkansas conditions are particu- rly improved. Many debts of long standing have been pald and the banks throughout our territory are in bet- ter shupe than last year CENSUS BUREAU REPORTS ON CRUSHED COTTONSEED crushed in the =ix- August 1 to January 508,597 tons, compared us in the same period . and cottonseed on hand at ‘mills January totaled 1,099,371 tons, compared with 900,899 tons a year ago, the Census Bureaxn today announced. COKE PRICES SMASHED. Flood of Orders Canceled as Coal Strike Ends. v YORK, February 17 (#).— Cancellations and suspensions of con- tracts for domestic coke following in a flood the settlement of the anthracite strike, broke coke prices severely,” Iron Age says. “By its viftual inde- pendence of the coke market, steel was not affected, but pig iron was weaken ed. A week ago the strike was thought likely to last long enough to bring higher second quarter coke, and thus, in spite of the low ebb of buying, to save pig iron from a decline. urplus foreign iron at Atlantic coast ports has had a weakening ef fect on the Eastern markets. In steel new buying is disappointing on the whole. Its seasonal character, now ac- cented by short-range purchasing, gives no promise of an expansion be- fore mid-March.” EARNS $5.06 PER SHARE. NEW YORK, Felwuary 17 (®).—The American Metal Co. earned $5.06 a share on the common stock in 1925, after preferred dividends, with net in- come of $£3,353866. This compar with net income of $3,311,046 in 1 or $5 a share on the common. Profit and loss surplus was $10, :rux‘xsfu, against §$9,264,945 the year be- ore. Cottonseed month pertod, 31, totaled with 3 a year SHORT-TERM SECU’iiTIES. (Quotations furnished by Redmond & Co.) ) z £ £ 3) Adirond, P. & L. C, Alum. Co. ‘of Amer Amer, Beet Sugar s Toss Am. Tel. & Tel Co. 4s 1 Aniconda " Copper 6s Acsociated Oil 68 19 Baltimore & Ohio 6 1929 Bethlehem Steel 55 1936, =oos SoRES =25 2500 SEE GmI23I35582353R335535323R3RS FELLEEESS FEFE FETEET S City' of Columb. Continentai Erie K. Erlfariied Motal /u Fisher Body Corp, bs 182 Goodyear T. & Great Nort 36 Uit o € of Py ye 183 Hock: Val K. R e 1 Humble ou Lehigh Pow NN PR o "ae: kR 8.8 1 Morrix & Co. 5 %% 1930 New York Central 8s 10: Orexon Short' Line 4s 19 Penna. R. R. 76 1 1. Cr. 01l l‘u]r”(‘ m 1028 025300555050 01 - E050mo: S5 x S RS RERERRC 25533 R35282385ES T e e ey FE iher 73 Western Union He 1 13 «y 7o 1031 FEROE BESTE TEE PEESETEE FF RS e & EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. First and Second Mortgages. Continuing the discussion of secured bonds as distinguished from the unse- cured, there are two points to be em- phasized. The first is the nature of the property which is put up for se- curity and the second is the position of the claim upon that property which the bondholder would have in the event of default. Now_ all kinds of properties are pledged as security for bonds. With a railroad it may be a certain number of miles of track or it may be terminal properties, yards, station buildings or other improved real estate. With an industrial corporation it may be the factory or any kind of real estate. The security is valuable in direct propor- tion as it is useful in the business. A mortgage upon a branch line of a railroad that carried little or no freight would be valueless, while & mortgage upon a profitable main line would be very valuable. In the same way with a corporation, the plant which is pledged as security for a bond is of value only as it can be employed in production. The second point relates to the order in which the claim of the bondholder upon the pledged property comes in comparison with that of other cred- itors. In other words is the bond se- cured by a first, second, or a third mortgage, or is it secured on part of the property in one way and upon part of it in another? All a good many inexperienced investors ask in this connection is whether or not their bond is a first mortgage. Of course, a first mortgage is better than a second upon the same property, but a second mortgage on one piece of property may be vastly superior to a first mort- gage upon another. It all depends upon the size of the mortgage in com- parison with the value of the property. The best illustration is to take two mortgaged pleces of real estate. Say one is worth $10,000 and has a first mortgage against it of $7,5600. Com- it with another property worth $50,000, which has a first mortgage on it of $10,000 and a second mortgage of $5,000. The second mortgage on the $50,000 property is better secured than the first mortgage on the $10,000 pro- perty. The same rule applies to rail- road and corporation loans, although it is sometimes harder to gat at the facts. A bond is not to be accepted simply because protected by a first lien, nor is it to be rejected simply be- cause there are other claims ahead of it. (Copyight. 1926.4 Fundamental | C., WEDNESDAY, F COTTONFUTURES ARE BIT LOWER Good Progress in Plowing Is Factor in Easy Prices. Rally After Opening. By the Associated Press. NEW YORK, ton—Futures opened 20.03; May, 19.45; July, 18.80; October, 18.12; Deceml 17.78. The market opened at a decline of 1 to 4 points. but the lower in 17. March, February ~Cot- steady; prices brought e newed covering by near month shorts | and some trade later de. liverie: Afte Murch rallied to 20.04, sold up from 18.11 to 18.15, th ket showing net advance of 1 to 3 points at the end of the first hour. Selling of new crop months developed at the opening on the weekly report of the Weather Bu reau indicating good progress with plowing and other preparations for seeding cotton and corn in the South west Liverpool was buying in mar relatively steady, private cables reporting that buying for a rally had set hedge and straddle selling, also stating there was a good business in cotton cloihs with India. New Orl W ORLEAY opened 1S Quotations. February 17, iy: March, 1882 July, 18.34; Octo December, 17.52 bid. The market opened easy in readjustment with the parity of the Northern mar . which déclined during the holi i the market here. Liverpool fuvorable and first trades of 3 to 5 points. Prices ail, to 18 to 17 Monday s the end of ctically re May October wding down to July to 1832 and or 4 to 7 points under close. Prices rallied at the first half-hour and pr covered the opening losses Noon Cotton Pri YORK, 11:45 am 30140 February 17—Cotton hids steady July. 18.85: December, 17.80. IW ORLEANS. Febus ton futures noon bids steady 19.47; May, 18.90: July, 18.38 17.36: December, ATTACK-ON TELEPHONE S RATES IN BALTIMORE Reply From C. & P. Company May Be Request to Raise Pres- ent Charges. NEW future 20.05 18.15 October 7.—Cot Mar October Special Dispatch to The Star BALTIMORE, bruary Chesapeake and Potomac Te Co. of l{ulumnr\’ may ask for crease in 1 E. West, Service ment c; present Baltimore publish business and individual inter be “protected from the monopoly Rowe contrasted cago and Philadelph valling In this city, that a bill for 1 the Chicago branch of amounted to only $6.84, same number of calls in would amount to $9.0 West said the telephone company making less than 6 per cent on the present valuation. Under the de- cision the Federal courts, the Public Service Commission ecannot cut the rate to give a return of less than § per cent, ne declared. STORMS PUT CHECK ON HARDWARE SALES Special Dispatch to The Star. NEW YORK, February ware Age says: “Activity in the various important | wholesale hardware centers on_preparation business. Jobbers are deliv Spring orders now. Many of these were placed 1 October. - Distributors freely predict a substantial Spring business. “Heavy snowstorms in the northern markets have curtailed buying ac tivity by dealers and consumers. due to the difficulties of transportation. Snow goods are completely sold out. Heaters, weatherstrip saws, axes and kindred ‘lines ave active. “Collections generally are only fair. Prices have been very firm.” WASHINGTON POWER HEARING NEXT FRIDAY Special Dispatch to The Star. BALTIMORE, February 17.—Fri day has been set tentatively as the day on which members of the public service commissions of Maryland and Pennsylvania will confer with the Federal Power Commission in Wash- ington relative to approving the finan- cial program of the $52.000,000 Cono- wingo superpower project. Hearings were held in Baltimore last Friday by the Maryland commis sion, so far as the Maryland com- panies in the project are concerned, and by the Federal Commission, rep- resented by O. C. Merrill, executive secretary, which acted in lieu of the Pennsylvania Commission, which has no jurisdiction over security is GAINS IN BUSINESS SHOWN IN JANUARY Special Dispatch to The Star. BALTIMORE, February 17.—An ex- amination of indices of local trade ac- tivity for the first month of the cur- rent year shows increases in_ prac- tically all lines, according to figures of the Baltimore Association of Com- merce. The following percentage gains were noted: Bank clearings, 11.8 per cent, an i chairman Commission. me in reply to rates here by sts here telephone the rates in Chi with those pre nd pointed out his while firm the 17.—Hard- Debits to_individual accounts, 7.3 per cent. Value of building permits, 10.1 per cent. Bullding contracts, 38.53 per cent. Post office receipts, 22.8 per cent. RATES ON BAR SILVER. NEW YORK, February 17 (P).— Bar sllver, 665; Mexican dollars, 511, Lux Loans Are To Be Discouraged By Credit Men Special Dispatch to The Star. DENVER, February 17.—The loan group of the Denver Retail, Credit Men's Association has’ pledged {tself to discourage mak- ing of loans to persons who de- sire to spend the money on lux- uries. The group declared that the borrowing of money for unnec- essary purchases by persons whose incomes cannot stand the burden has frequently led to disaster and erime, selling off at 19.98 ae the start | while October bout | <ot-| March. | sphone | who asked that | 1 calls presented to | Raltimore | BRUARY 17, | ANOTHER UTILITY DEAL 1926. W YORK, Febru Recent acquisition of Ruilway & Power Co. by the South- castern Power & Light Co. is ex pected in Wall street to be followed by the purchas Georgla Light, Power & Railw: negotiations for which are reportéd to be in progress. Light controls the Macon & Light Co., Macon Gas Central Georgia Power Co. lolder of 4 large block of Georghi id to have made an tern, is understood to havé v 17 (®).— the Georgia © to South: over the de FLOUR MERGER REFUSED WICHTT Kans, February 17 (#) Stockholders of the Kansas Floy | Mills Co., representing about 85 per vent of the stock. have turned down a position to merge their prope the B B. Sheflield interests of ipolis, and the Valier & Shies uis. REAL ESTATE LOANS ANY ANOUNT 51»% APARTMENT ' HOUSES LOW RATES BUSINESS PROPERTY RESIDENCE LOANS AT | FRED T. NESBIT HIINY TMENT BLDG. Main 9392 = | Money to Loan ! ured by first decd of trust on real estate. Prevailing interest and commission Joseph 1. Weller AT Money to Loan improved D. ( estate ailiig interestrates. Prompt, ous wervice. Minimum charges! Gardiner & Dent, Inc. Main 1384 1409 'L St. N.W. March | FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President First Mortgage Notes For Sale In Denominations of || $100.'5250, $500, $1,000 | 637 Interest 1 Secured on D. C. Real Estate {] Wm. H. Saunders Co., Inc. Established 1887 1433 K Street N.W. Main 1016-1017 FIRST MORTGAGES | Money at 519 {| Very Desirable Conditions Granted | Tyler & Rutherford Loan Correspondent || Mutual Benefit Life Ins. Co. wrold | { Newark, N. J. i| 1018 Vermont Avenue | Phone Main 475 PRINCIPAL AND 6 INCOME POLICY | | | The provision of this policy s similar fo the sTant of a life use in an estate. the plan has this advantage over the catment that it ount of the contingent + of six per cent of the monthix in_advance. ive dates of birth of self and benefclary for rates N. E. ELLSWORTH. Gen. Ast. | || AETNA LIFE INSURANCE co. | ; pal pavar 801-6 Woodward Bl Prompt Acuon F irst Mortgage Loa.ns Lowest Rates of Interest and Commission { Thomas J. FXshcr & Campany. Inc. First Trust Mdney ON HAND —Available .for Both Building Loans and Completed Properties Reasonable Interest andCommission JAMES F. SHEA 643 Louisiana Ave. N.W. T iWE 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 Bank 14th and G Streets Resources $17,000,000 GOLDEN DONALDSON, Pnl.sml:m" | s Exempt from all Federal Income Taxes City of Norfolk, Va. 4%,% Bonds Due August 15, 1950 Norfolk _is the second Snont lmporiant saports. of she ant s of Atlantic Coast, tmonnlge 07 its harbor having been offcially stated as being second only to \eW York. Price to yield 4.409, Send for circular E. H.Rollins & Sons Founded 1876 416 Woodward Bldg. ‘Washington Boston c s e but discussion | 1 Wflw'fm IN GEORGIA PREDICTED § Continental Trust Company | FINANCIAL. * 25 WA .V T \o LOSS TO A i T ST t Mortgage 5"“" H:u--m Bosklet 12 The F.H. 5““‘“0‘ wh Budg.. $15 13tk St. \ INVESTOR IN 53 YEARS Capital One Million Dollars 14th & H Streets Equitable Co-operative Bulldmg Ass n JOHN JOY EDSON, President Organized 1879 46th \l‘, $5,031,814.86 Surplus Subscriptions for the 90th Issue of Stock Being Received "\ SHARES $9.50 PER MONTH o+ 915 F Street M.% FRANK P. Join the Equitable and Save Systematically You know the old adage “From little acorns big oak trees grow. little bit of your salary deposited regu larly each pay day in the Equitable will eventually grow into a large amount. Likewise a This s the result of systematic Join today saving. e = Metropolitan Life Insurance Company OF NEW YORK FIRST MORTGAGE LOANS Apply to WEAVER BROS. Zraltora 809 15th Street N.W. Main 9486 The New York Life Insurance Co. Offers to Make First Mortgage Loans On Improved Real Estate in the District of Columbia and Nearby Suburbs in Montgomery County, Maryland FOR 3,5 OR 10 YEAR PERIODS. SY>% ON APPROVED SECURITY Apply RANDALL H. HAGNER & COMPANY MORTGAGE LeaN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Houses Business Properties Apartments Office Buildings Inexperienced Investment need not Prove Disastrous FER ROVIDING you choose First Mortgage Notes on Improved Real Estate in the Nation's Capital. An assured annual return of 619, Investment Department ON: & LUCHY 713 715 and 717 14th St. Main 2345 Twenty years of Imvestment L perience has enabled us to profir- ably assist you in investing your capital. A PAYMENT PLAN FOR INVESTORS For more than a quarter of a century this company has spe- cialized in service to investors. Now, to the man who can begin his investment schedule in a moderate way, we offer our— 6,9 FIRST MORTGAGES Quarter —on a convenient partial-pay- ment plan. $25 is the initial payment for a $250 First Mort- gage, which will thoroughly pro- tect your principal as it grows. B. F. SAUL CO. 925 15th St. N.W.