Evening Star Newspaper, May 12, 1926, Page 31

FINANCIAL. THE EVENING STAR, WASHINGTON, D. C.. WEDNESDAY, MAY 12, 1926. e e e e e ] — NEW YORK C Received by Private Wire BY WILLIAM ¥. HEFFERNAN. PAIN SADLY NEEDED | $how what it could do on the side of higher prices, The final results were disheartening to the speculative element, which has been contending for the past week that the great British strike situation was the only thing which stood in the way of a reneral rencwal of the upward move- nent. | Following the calling off of the general strike the main body of stocks gave indications of living up to these eXpectations. Prices started in higher duys ago proved #ll around, bLut after the first 15 yowers in nearby {inutes the demand subglded and the nie. Rain is sadly market dropped buck into the rut B s, svowers | from where it has been moving for local deale ind _con- | the past month or so. This was one feeling the effects of it. | Of the clearest indications that the 1 supplies of potatoes | vutside public is not disposed to come received, new stock coming | on the buying side until some and much of the old|definite change develops in our own from Michigan. Idiberal sup-|industrial and business situati ) wve made the market weaker R T und lower prices prevail. SW YORK, May 12 New potatoes, retailed a few days it two and three pounds for a 10w Deing sold as cheap r pounds for that sun supplies of asparz eived from the Kastern Shore Marylund, Delaware and North roling. A limited demand and ady market was reported. Prices 1 from $2.25 to $4.50 a dozen ik hes. Light supplies of cantaloupes from \iexico and _California and straw. cries from North Carolina are being A light demand for can- made a weak market. Prices h chicaper than they were & Cantaloupes Cheaper—More Liberal Sunplies of Po- tatoes Received. San's wet weather dize to any ma of Unele mater tent two 1o torial dixappo vl to i traded in on the New York Curb Market today. Sales in BONDt thousands. e 2Alied Pk Gs Allied Pk 8 T, 2 Am Gus & FI 65100 Aw Pow & Lu 64 0K ) Am P & L 08 nw U84 4 Am Thread YAm W W bs AL Ass0 G & E 6s. . As Sim Hrd 81, Low. Close. 367, 05 averboard ell T Can RHREE e znsos 4 Market Prices Today. one-pound store packed, lected, 9a31; urrent recelpts, 28a29. live—Turkeys, 35; Spring ; Plymouth Rock brofl- 2 pounds, 5o; smaller, 40a Leghorns, ' 40; Winter s und over, 40a45; ters, 23; ducks, ; keats, young, 50290, sed—Turkeys, 40; a36; keats, , 5060, vos, choice, 1215: thin, 7as; hogs, heavy light, choice, J.},‘ t City G Gs, :2 rice 6 Wi 10173 Schild Ga,. 9515 0 Blx 645100 by itin $ to white hickens, 15, 3; . 10all i, 7 Long Isl Lt anito Bw Bihe S Mass Gas 515 1 1 a1 14 3 b 4! 21050 1617 a4 29a35, s og: 30a32; lamb, pork, he: Western, shoulders, it A P M 10 Otis Stl 68 A 3 Pan Am Pet’ 6y 8 Park 42 Pen P . 102 & Tilford 63 08 Ohio Ed 6 A 102 P&L bs D 53 90 Phila_Elec 8s hil E Bs_'60 E P 5l 3 1 Rap Xr 62100 ? Pure Oil Co 6 10 Ran Kar Br 841510813 16 Servel “Del 6a. .. 10235 Schulte B Est s 94 chult R E s x 8435 Fruit and Vegetable Review. »day’s market report on fruits and d by the Market » Bureau of J ultural says upplies % S10815 light: barrels, y nch Yellow , Washing- rge size, extra fancy a3.00, Supplie: arket steady i Delawar sreen, very large size, s 24.00; few size, 8.00a3.50; small per dozen bunches; lina, dozen-bunch crates, largo size, 3.0023.60; large small size, 1.25a1.50. pplies heavy; demand market steady; South arrel crates Pointed type hel hampers, 1.25a1.50; ton, medium Winesaps et 233352 > & ranscont ni R of Hv 7 stes, 5888 R PSS X SRS b td R 434 Rub 6138 Rub 6130 Rub 6138 FOREIGN BONDS. 0 Bueros Air 7e 10 Buenos Air 4 Buenos Air 7y Danish Cons 1BGen 11 G s s 7 8 18 s s 8 1004 o8 631 few, 1.75. Cantaloupes—Supplies light; de- mand light, market steady; California, In ial Valley, standards 45s, salmon tins, 7.00a8.00; pony, 54s, 6.50. Mexico, fair quality and condition, pony flats 12s, salmon tints, 1.50. ettuce—Supplies moderate; de- 1and moderate, market steady; Call- fornia, Northern district, crates, ice- 1 pe, 45 mostly 4 doz., 5 North Carollna, o hampers, big Boston type, few fancy high as 3.00; quality and condition low as Tewzig Tn Leonhar T © Muni Medellin 17 0elo_ Bins 5 2 Prov Santa’ Fe 15 Onions—Supplies very lght; too few sales to establish market. Potato Market Weaker. demand weakes 150-1b. _ saeki . 6.50a7.0f 34 B 1 L&'S 7s tph UE 6 Stel Wks B .| Washington Stock Exchange SALES. as 68 '33—81,000 at 103%, 300 at 1024, n Co.—50 :«'lll\ll. Jtusset Rur: hest mostly double head e 00 8t 10 Capital n few Jow as|g; Supplies market firm; Miss! 05 s i e Washington Gas Light—2 at 68%. 20 at Coiumbia Title Insurance Co-—100 g Anston Monotype—10 ¢ 86%. t ! ®Merchants' Transter & Storage Co. woderate, market steady: |at 1 vl A = nd turning, wrap. | o Yghants' Transfer & Storago of 8.00; fair qual- | %' | few high | > per qt. plies 1oderate; de- fancy “and condition rlow as 5.00. . Supplies liberal; demand mod- | 1053 market dull; South Carolinw, | oney—Call loans, 5% and 6 per cent. Lamnpers, large-pod varieties, ! hest, 2.00a poorer low 1.59; | BONDS. small.pod varieties, 1.00a1 fow . 3'30; Morth Carolina, Sushef hampers, | Bid and Asked Prices. od 00; Mississippi, PUBLIC UTILITY. hushel hampers, 2.75. | jcets—sSupplies Tight; demand mod- arate, market steady: Virginia, Nor olk section, crate 10 per by String _beans sSupplics ligh mnand moderate, market steady; ¥ and Geor; 7¢-bushel hampers, green, 6.00 Cucumbers—sSuppiies mand light, market stead: square bushel crates and o I' faney, 3.00a3.50; AFTER CALL. o Jin. ‘Title Insurance Co.- ’ al Tracty Co,—20 at 1 L 10 av 103520 ¢ 104, arate Vushel Al an Tel, & Telea. 4s. American Tel! & Tolga. 4% 1 Amer. Tel. & Tel. cf Anac "‘}(ME & Pot. R, PR liberal; de- | lorida, s bushel cholce, | Tamh- Al [ Wash. Balto. & Annap. v on Gaa Wash. fowy. & Ll Wash. Kwy. . MISCELLANEOUS. *. Paper Co. Mfg. 6s. 1 ot ':’n?.‘i;éuwuduf Bk, Go. 11511 pustions I Bloraes 5i: 106 ! STOCKS. ash, Mkt. PUBLIC UTILITY. Tl & Telga. SALES SATISFACTORY. Hardware ;mde‘;o.vemem As- sumes More Normal Proportions. NEW YORK, May (Special) its weekly merket summary, re Age will say tomorrow: les throughout the}$ country continue satisfactory, ac ing to reports from the various whalesale hardware market center: Tn certain of the markets, particu- New movement o Spring mer has at last be- ent proportions. pring has proved serjous in curtailing the nd, but the warmer weather of t few days has resulted in re- coming into the market in numbers with reorder: 1L of this belated buying some difficulty is naturally be- ing experienced in securing prompt elivery on all items. This condition of course, been foreseen, and qany of the wholesalers have urged heir customers to buy in anticipa- m of the last moment congestion. ‘Staple_lines are moving satisfac- t and collections, which sre one cf the surest indications of lasic eenditions, are generally improvin {nt. et Elec. com ec, pid.. Yo handis National Capit Columbia . e e Farmers & Mechani Federal-American Liverty ...... Lincoin 5 National S Baic 0f Wilshiiigton TRUST COMPAY erican Security & Trust, Qlntinental - Trust Sfernants Bank Nllfll'nl%rbuz ings ‘Trust. Wngton Loan and "Trust. SAVINGS BANK. - OIL RECEIPTS LARGE. al Dispatch to The Star. BALTIMORE, May 12.—Receipts of ail products figured largely in_the husiness of the port last week. Nine ankers brought 738,000 barrels, Crude ol led, with 308,000 barrels. Fuel il came next, with 245,000, and gaso- 5,000, Mexico, California | fields and reflnerles sup- | v Iets. TITLE INSURANCE. Columpla Titlo .. T Tove ol Mt comi. MISCELLANEOUS. & Stor. B it natl, Mtge. & Iov. pfd.. | Peoples Drig Stores pfd l.wmrt'un g(onou it . SR Eeton Marice iz Gridend. th& righisy BAR SILVER PRICE. NEW YORK, May 12 (P).—Bar sil- yer, tods; Moxican dellars, 60%. an’ official list of bonds and stocks | at 0.1 15 at | - URB MARKET Direct to The Star Office Those favoring the oil shares did not like the reported increase in domestic crude production for the week ended May 8, when the dally average rose 3,950 barrels over the total of the week preceding. Oll xhares were somewhat higher at the start, but the initial upturn meant nothing more than part of the general im provement ecarly in the day. Imperial Oll of ~unada gained a point, but eased off in the ufternoon. Gulf Ofl responded to reports of favorable drill- ing operations in the Panhandle Field with a gain of almost a point, but the gains elsewhere were contined to small tractions. The slight hardening of the market | for motor shares brought about in- | creased offerings and carried prices slightly under those prevailing ut yes- ! terday’s close. ¥Freshman Corporation | was freely sold at declining prices. [ while Gillette Safety Razor, after ad- | vancing a point or so, did nothing furthe: uni | 3400 Anglo Am_Oil 1700 Ang Am O 500 Angz Am A’ 100 Atl' Lobos id. . 2300 Contl Ol new. 100 Greseent P 1,0 100 Gal'8 O wid siw 2000 Humble Oil 1000 P L. 3300 Imp O1f "¢ 5100 Intl Pet C 100 Obio Oil outh Penn O/ 1 0 Cal new wi 0 Ind.. O Neh ONY 1108 0 Ohio nfd 500 Vaeuun Ol INDEPE 41 Am 3000 S LIa1R Sery pfd umbia Sy Gult 01l of P: i Kirhy Pet 109 20 Mount Gult .. 7 Peer Oil Corp 2 Relter-Foster 011 Con O & R Con k Prod Os O NV Water 0il @ Sa 1 Tidal Sk Bl INDUSTRIALS vie 10 i B v Any Superpow m Sypw p 1 pf Asso Gus & B AU Fruit : 1Atlas P ¢ new 2 Bloomingdale Dr ° 1G Brad_Fireprix 4 Bridgeport Mac 3 Brillo Mfx 5 Brt-Am Tob Cot BritAm T C Rez Bklyn_City R R 3 Buff Niag & Bast 16 Can O Ging Tear Light - D A i i 6 Col & Aile_ptd. 34 Commion' EAl - 4 Common 5. 1 Con' 6 Bal n 9 Coneol Lawid 4 Contin ek A | i contin Bak e 4 Contin_Dak v 7 Copel Pro-a % w Sehild 1 & shopfd 107 B & $hn'Co o £ 100 40 Eng PSP P Kool Mot oundation d Eiven 1 od Corp 1Gen Bak A . Gen Hak B 183 Gen El Ger 11 Gillette S R... . 3 Glen, Aldep "Conl. 1 oodsear T 4 Grimes R & C K 1 Happiness ¢ St A 1 Happiness C ¥t ¥ 1 Havan El & U vt. 1 Hazeltine Corp 1ires Ch A Imperial Tobas.. Ind Ravon Corp A % Int Coner Ind. . . 1Inter Unl B """ 1% Johns Manville Rey Solether. . Lei Pow n Wi w U g Mike Riv Pow pi Miore e Ko A Mohawi gud To PR Pow X ¢, Teather Y o’ 8o piiia 13 North 0. bow ¢ 14 3 Nor &P % 101 10 Nortne Por “n2 119 SR Toner 1 TPeua D Groe A 40 11 P Wrat Pow Co 140 4 Penn Olio. Ser: 07 1 Billan 1M In 3 pralt & Tam ¢ rophy Brush. . ZPIES PaT S PURLY Bak 1 Punty Hak 3 Band kard 7 P ot T vie, 1 Keo Mo Rieh Rad 1 Sierra P Singer M Singer Mfg Lt Serv E C A cde Sou Gas & Sou Cal E n Southw_ Eell tand P& tand Pub € A 9 Stand Tk Car C Stutz Mot wift Intl ‘ampa El 11 Thomp_Rad 4 Trans Tox by 12 Unl G fmp C . 1T T &% ub Reclain LR ,\1‘.",. 8 Stars“B; 1) Yan, ¢ O et R R e 1 Cong « 3 ons Cop Mines NE Gold M Ltd T 1 Cureka Croesus. 0 Forty-nine M olden Center Min 80 Goldfield Cons. . 1420 Hawthorne M I. Hollinger . ... . rome V “Devel. s L LSRRG 0 Premier Goid ¥ 10 San Toy . 03 20 Spearhead’ Gold.. . 11 Teck Hughea ... "3 4 Tono Belmont JTonovah Ext . 2 Utah Apex e S S S ot =3 Special Dispatch to The Star, NEW YORK, May 12.—Cotton goods markets again were quiet today, with print cloths quoted unchanged at 78 for 64x60s and 85 for 68x72s. Raw sllks were slow at unchanged levels. e e RUBBER DECLINES. Special Dispatch to The Star. NEW YORK, May 12.—Crude rub- ber, smoked ribbed sheets, was quoted at 49%c at noon today. This compares with 60c yesterday, 50%c a month ago and 6lc o vear ago. .- BUTTER IS HIGHER, CHICAGO, May 12 (#), Butte nigher; receibts, 7,381 tubs; creamery extras, 3916; standards, 39%: extra firsts, 3813a39; firsts, 361.a37%5; seo onds, 3¢addme AR TRADING IS LIGHT INCOTTON MARKET Ending of Strike Has Little Reflection in Today’s Deal- ings in Staple. By the Associuted Press, NEW YORK, May 12.—Cotton fu- tures opened steady. July, 18.62; Oc tober, 17.65; December, 17.73; Junuary, 17.68; March, 17.80. Announcement that the general strike had been call- jed off in Great Britain scemed to find comparatively little reflection in the opening action of the cotton market today. Liverpool was better than due, and the opening here was steady at un- chunged prices to an advance of 7 points, but trading was only mod. erately active and early fluctuations were rather irregular. At the best uc- tive months showed net advances of 5 to 11 points, but there was son | selling around 18.63 for July aud 17.76 for December, which probably was en- couraged by the better showing of the weather map and reports of beneficial rains in North Carolina. This caused reactions ot 4 or b points from the best, but the market showed net gains of 2 to 5 points at the end of the first hour. i New Orleans Quotations. { NEW ORLEANS, May 12 (#).—Cot- ton futures opened steady. May, 18.30; July, : December, : ked. The cotton market was firm on the news from Fngland that the general strike had been called off, Iirst trades prices continued to advance und December to 17.38, or 14 to 17 points above yesterday's close. Fears of u return of rainy weather in the {belt helped the rally. Toward the end of the first hour prices eused off on realizing dropping back to vester- day's closing levels. The market then became quiet while awaiting the week | settlement July traded to 18.00, October to 17.30, | COPPER STOCKS SMALLER. | Production of Metal Decreases in Month of April. NIEW YORK, 3 2 (). —Stocks of refined copper in the hands of North and Aouth American producers on May 1 amounted to 72,644 short tens, the Ame n Bureau of Metal Statisties reports, a reduction of 2,662 tons from the month before. Blister stocks at smelters and re- fineries and in process of transit were 265,698 tons, an increase of 3,828 tons over April 1. Total copper above | kround was 38K,342 tons, un iucrease {of 1.266 tons over April 1. Shipments in April by North and South American producers were, 118- making the total for the ur ths this vear, 463,080 tons. Production of refined copper in April was 116,302 tons against 121,798 fn | March and 462,212 tons for the four months of 1 - NEVADA COPPER INCOME. NEW YORK, May 12 (P).—Nevada Consolidated Copper reports net in- come of §748,045 for the first quarter of 1026, after taxes and depreclation, but before depletion, equal to 37 cents « share, against §881,776, or 44 cents Oats now are being cut there and | chure. in the preceding quarter and wheat 18 heading everywhere n the 56 |or 4 tehts a endre. fthe e. Mokt of this wheat goes to the | grst quarter of 19 Gulf for export, and had the strike | last until after harvesting it would undoubtedly have thrown the orderely marketing und milling of the wheat crop into confusion. SENTIMENT BETTER AS BIG STRIKE ENDS United States Grain and Cot- ton Trade Breathes Sigh of Relief at Settlement. BY J. C. ROY Special Dispatch to The Star. NEW YORK, May 12-—Impending difficulties, whiclf threatened the grain and cotton trade of this country, have been ironed out as a_result of the of the British strike. | Sentimient in_ business circles in ail} lines, especlally in the agricultural districts, therefore, bettered im-| mediately. Reliet was _felt, especially by the growers and dealers in wheat and cot- ton. The wheat harvest will start in southern Texas in about a fortnight Prompt Action |First Mortgage Loans | Lowest Rates of Interest and Commiesion Danger Is Obviated. | Thomas J. Fisher & Company, Inc. This danger seems now to have| 338 15th Street been obviated, since the effect of the | Second Trusts strike on DLoth the wheat and flour | I have some choice second trusts for situation will have passed by the time lahoma and Kansas wheat, @ good anle 10 net Durchuser better than 0% ber wnnum. rt of which is milled, comes on the KM. H. KYLE ket. The estimuted yield of Amer 1410 G St. N.W. M. 6627, lean wheat is placed at 545,000,000 Money to Loan v bushels. This is more than 100,000,000 bushels larger than at this time last year, but does not indicate a market | slut’ since it is well under the five ‘ear uverage. Flour mills in most parts of country are waiting until they can buy new crop future wheat, since the M | delivery now ix over twenty ce: ubove July ext month mills will be uble to buy cash wheat on The Cinadian reports e 13 per cent of the dian crop has been Winter killed. Secured by Jgs;p'lvlfli:.j Well 55,000 --$424] at Age 30. nd Date of Birth cst_and_commission, 20 Wash, L. Bidx., Oth & Insurance Life sis. ‘ar ly weather report. | CAR LOADINGS FOR FOUR The American Rallway Associatior ‘axm«* nced last night that from Jan v 1 to M. 1 railroad car loadings were the heaviest for any corresp | ing period on record. 1t placed 1 ings at 18,777,076 cars, exceedin also exceeding by 221,600 an estir for the period which the assoc made in March Loadings for the 1 reached of 2,3 the preceding totaled 356,13 grain and grain decrease less than 465, a decrease of T3¢ a_decr@ase of 959, and 31,856, an increase of 1,45 FOREIGN EXCHANGE. (Quotstions furnished by W. B Hibbe & (o) Nominal Selling checks BT 100 s dvance of 17,30; products 35,016, merchandise und u arlo co 1d i 1443 dodie ‘0014 02007, " . erown NEW YORK, M exchunges firm. Quotations (in cents): Great Britatn, demand, 48574; cables, 48635-16; 60-day bills 480 13-16. ' Franc cables, 315, Italy cables, 3 Belgium, 9; Holland, 26.76; Denmark, 19.34; Spain, Toland, 10.00; Jugoslaviz, Rumanta, .3%; Switzerland, Greece, 1.23% Austria, Argentina, 40 Toklo, 47.125; 1,'100.03% Directors of the Glen Alden Coul ‘o, yesterday postponed action on the semi-unnual dividend due ut this i(lmc until the June meeting. Shanghad, 72 * | [EvERYMANS - INVESTMENT BY GEORGE T. HUGH Status of Railroad Securities. It is now in order to take up in de- tail the various activitles, business and governmental, on which Invest- ment securities depend for their rat- ing. We will begin with the rafiroads. For a helf century back at least rail- road stocks and bonds have been a favorite medium with investors. Fundamentally this is due to the fact that transportation is an essential in- dustry of modern civilization and that the railroad typifies transportation. It is only in very recent times that its supremacy has been challenegd even tentatively. In the past few years the auto- mobile, passenger car and trusk have come to be regarded as a competitor with the rails and there have arisen doubts as to the result of the rivalry. ‘The matter {s worth consideration in view of the enormous sum invested in the raflroad industry. In the first place the motor car has made heavier inroads upon the passenger than upon the freight traflic of the rallroads. Probably the short-haul passenger business has been lost to the rallways permanently. Tt is the private car rather than the public bus which is the most serious competitor for this business, and plans of the rallroads to go into the bus business on their own account are only partially helpful. In freight carrying it is alse the short haul in which the motor truck figures to the disadvantage of the rallroad. The latter keeps its monopoly of carrying bulky products over long distances. This condition is not likely to change. The motor truck as. far as any one can se now will never com- pete with the rallroad in the trans- portation of coal, for instance, and coal, anthracite and bituminous, con- stitutes the largest tonnage of any one commadity the railroads carry. On the asset side of the balance sheet may be placed the traflc which the automobile industry gives to the railroads that it did not have before motor car manufacturing reached its present heights. The chances are that the railroads have gained on this ac- count more than they have lost.. The conclusion is that while the trend of this competition should be carefully watched, in itself it is not now an important factor in appraising the in- vestment status of rallway securitles. -— 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 i than ordinary wall paper. Thousands tof people in” Washington wonld have |saved their money if they simply bid asked their banker to tell them what he knew of some supposedly wonder- ful investmenty @ . | wheat MONTHS TOP RECORD week. of 394;| live | 2 (P).—Korelgn | | FEWER FOREIGN SHIPS. for Full Information. LeROY GOFFE Insurance— Il branches 10 Woodward Bldg. Main 330 In the South, West und Northwest, | millers have heen uble to get what they meeded iithout ealling | on the supplies tied up thr delay in lake navi The ition at Buffalo commenced to clear toi Winds from the West ha moved a barrier of lce mile Vefore the mouth of ti clevators and mills wer | to their 1 supplies when SUPPOSE YOU HAVE A FIRE TONIGHT? WM. H. KYLE about ¢ the boat broke through 80 vessels, most of them g ithin sight of the hile ship after ship | . These vessels are now | ptied of thefr cargoes, and > that existe as be ind now specte r in the usual LOANS—INSURANCE 1410 G St. N.W. M. 6627 Let Us Make Your Loans \We lave plenty of money lable for first trust and istruction loans. Apply Loan Dept. N. L. SANSBURY CO. Inc. 1418 Eye St. NN\W. Main 5904 Didn’t Affect Cotton. he strike did not lust 1 ffect ual cotton ne n to e enough the the next crop is picked, acreage is now under cuiti tion. 'The settlement has relieved | mediate anxiety, but the South already begun to look for market than Lancaster. | Planters und export !to Ital re We Will Loan at 5} ¢ Economic Conditions Tyler & Rutherford Loan Correspondent of the Mutual Benefit Life Ins. Co. Newark, N. J. 1018 Vermont Ave. > custom s of cotton, The trei dous hydro-electric power development | there ix sure, the to he g outlet in textile manufacture. since d climutic conditions also wre rable. onsumiy howeve must be al years in develupment ak demand for cotte ting of the Br shu The real net loss to the cot {industry, which annually has | selling Great 1 n_over $300,000,000 vorth of cotton, will be in the lessere ving power of the English consume; The strike has served to lessen t only psychologicall ever, feel that th of 4 huge crop this season is a real menace to profits nd warning: nst over production are gr. ler and | more persiste W goods las ish | down. M. 475 First and Second Trust Real Estate Notes Secured on Improved Real Estate in the Dis- trict of Columbia. FEDERAL SECURITY & MORTGAGE COMPANY 1412 K Street Main 9 ENTERING BALTIMORE, | April Figures Show 107 Vessels | Arrived as Against 125 in Same Month Last Year | | H | Spee Dispat~h to The Star BALTIMORE, M 1 Lasss foreign vessels entered the port of Baltimore last month than during the period of 1825, according to for April, just made publie. The report shows that 107 vessels of 330,401 net tons entered the port dur- | ing April and clearances of 110 ves sels of 326,649 net tons, compared | with 125 vessels of entered in April & ¥ Virginia Public ; Service Company | figures | 20-Year 69 Sinking Fund Gold Debentures The following factors make this issue unusually att tive: Privilege of conversion into National Pul Service Cor- poration Class “A” common + stock, Sinking Fund provided which will retire approximately 40% of issue prior to ma- turity, Price 961> and Interest To yield about 6.30% Descriptive circular sent upon request for -G ! E. H. Rollins & Sons Founded 1575 |\ 416 Woodward Bldg., Washington | Boston New York Philadelphia Chicago Denver San Francisco me in April show entran of 436,301 net tons and clea; 8 vessels of 71 net tons. fizures compare with similar entrances of 178 vessels of 421,047 net tons in | April, 1925, and clearances of 208 v sels of 477,787 net tons in that month. Lixport bituminous coal during April is placed at 24,029 tons, loaded on teven vessels destined for four over- seas points. An additional vessel {ook 897 tons of coke and the coal ships loaded 1,385 tons of bunkers in this port. Grain exports from Baltimore in April totaled 1,649,165 bushels, as com- pared with 7,542,232 bushels in the same month last year. From Januar 1 last exports of grain have reached 8,186,074 bushels, against 14,113,996 bushels for a like veriod of 1925, Lx- ports of flour were 20,344 barrels in April, against 87,397 barrels for April vear ago. Th: Equitable Co-operative Building Ass'n JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary Organized 1879 46th YEAR ('OMPlJu‘Tgl‘lm e ..$5,031,814.86 Surplus . v .. 91,352,749.93 Subscriptions for the 90th Issue of Stock Being Received SYSTEMATIC SAVING is the most effective means of ac- cumulating money. Results have established this fact. Join the Fquitable and save systematically and you will accomplish in a financial way more than ever. Join today. 915 F Street Assets B | - SHARES $2.50 PER MONTH | i 1 | | ‘ | WE PAY MORE INTEREST y : ON SAVINGS ACCOUNTS Than Any Other National Bank in Washington Interest on DAILY Balances Come in and let us explain . 9| ' Commercial Nat'l Bank 14th and G Streets Resources §17,000,000 lfl< GOLDEN DONALDSON, PRESIDEN REAL 'l"l-: LOANS ANY AMOUNT 51/2% APARTMENT HOUSES BUSINESS PROPERTY RESIDENCE LOANS ATT.OW RATES FRED T. NESBIT ain 9307 | | | | First Trust Money ON HAND —Available for Both Building Loans and Completed Properties Reasonable Interest and Commission JAMES F. SHEA 643 Lo na Ave. N.W. Continental Trust Company Capital One Million Dollars 14th & H Streets i T T RO N Y Prompt Loans Action within 24 hours on re- quests for loans on Construction Work, Business Properties. Apartinent Buildings and Resi- dences. Consult Us if You Contemplate Refinancing POSSETEES 1417 K Main 9300 Resist Temptation! The possibility of huge profits attract=—but the wiser choice is known secur- ity and an equitable return, both assured in First Mort- gage Notes sponsored by the ded 1587 1433 K Street—Main 1010 rs to Make First Mortgage Loans On Tmproved Real Estate in the District of Columbia and Nearby Suburbs in Montg ¢ County, Maryland FOR 3, 5 OR 10 YEAR PERIODS 5%% ON APPROVED SECURITY Apply | RANDALL H. HAGNER & GCOMPANY’ MORTGAGE LoAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 I————L——‘_——_T 1 Third of a Century's Experience riments Office Buildings Houses Business Properties Avoid the Loss in Apariments which is accasioned by too frequent change of tenants. The tenants in the apartments which we as specialists manage— applying the methods and policies proved practical during our successful third of a century—stay tisfied and stay profit hle to you. B.F. SAUL CO. Main 2100 925 15th 'St. N.W. Supposition Never Supplemented Safety The purchase of Investments should be guided by proven SAFETY .AND GUARAN- TEED REMUNERATION. Principal in- vested in our First Mortgages is safe, depend- able and remunerative. Improved Desirable Real Estate in the District of Columbia se- cures them and they yield a guaranteed an- nual return of 6% %. Mortgage Investment Department 713, 715 and 717 14th Main 2345