Evening Star Newspaper, June 9, 1926, Page 31

FINANCIAL, BUSPLAN OF B.&0. HAS POSSIBILITIES Railroad Men All Over Land| to Watch New York Ex- periment Closely. BY J. C. ROYLE. Spacial Dispatch to The Star, NEW YORK deltvery” of passengers—not freight— is being arranged for in New York by the Baltimore and Ohio Railroad The. company is preparing to star cperation ‘September 1 of a fleet of blg busses «hich will carry passengers from the Raltimore and Ohio terminal at Jersey City, which it will with the Central Rallroad of New .| =ev, to points in upper and e Manhattan, The husses also will pick | up New York passengers from New York City for the West and South and transport them to the waiting trains. | This {nnovation. practically elim tnating | huga stations. | wantrally locat of cities where | real estate values 4 xtremely hi may mark a taln .phases of the All over the gauntry. \ Not a Matter of Chaice, | The move hy the Raltimore and Ohin was not. a matter of choice | It was dictated by the necessity of | =ecuring an entry nd exit to New | York for its passengers. During the | June 8._“Stare door Troad busir war vears, and under Federal control. | the Baltimore and Ohio and the Penn. | svlvania lines hoth nsed the Pennsyl | vania terminal at Thirty fourth street. After the rnads wera turned back by | the Federal railroad administration the | Baltimore and Ohio continued to uee | the Pennsylvania terminal at a rental of $1,000.000 a vear. The lease was ex. tended to September 1, 1926, but the Pennsylvania management declined to | renew it bevond that time. The bus system is the answer of | President Daniel Willard of the Balti more and Ohio to this decision, which Raltimore and Ohio interests felt | would hamper the road greatly in its| hid for business to and from the larg- | st city in the country. The fleet of busses, according to de- | tails of the plan ohtained hy the enriter todav from a reliable source. | will be carried arross the North River | on ferrvhoats. The prasent ferry equipment of the Central Rallroad of | New Jersey was not deemed sufficient for handling the double traffie, and four new Diese! slectric ferrvhoats are | being built bv the American Brown | Boveri Electric Corporation at Phila- | delphia to supply this need. It {s un- derstond they will be delivered in time | to begin operation by September 1. Won't Run Through Tunnel. * It 1= not plannad te run the Balti- more and Ohio busses through the new vehicular tunnel now completion. There is now bef gress a bill dealing with transriger | traMe between Camden and Philadel. phia, which contains certain provi- siong which decided the Raltimore and Ohio officials not to depend on the tunnel route until the fate of the bill | was definitely sattled H Tt is likely that tha new ferryvhe will dock at or near Thirty foy street Russes will then he r through the shopping, theater and hn tel districts, and. ¢ncidentallv nefer passzengere tp and from en the slip and Gi Thiz will enahle Equita Co-operativeBuildingAss’n esident W ,814.86 JOHN JOY EDSON Organized | Assets WE ADVOCATE SYSTEMATIC SAVING —as a means of building up a Our sys- substantial fortune. tematic savings plan is used by those who have an eve to the future and who want to buy homesteads or save money Why not for other purposes. | Very pessimistic reports telling of | asked their banker to tell them what - | per cent greater than a vear ago. ac- | ployment _aj Surplus between the South and West and New England. It is possible that small branch sta- tions, from which busses will start, will be malntained in various parts of the city, but, to a certain extent, the hotels and stores will act as; waiting rooms and stations, and it is possible that arrangements will be made for the sale of tickets at such locations, The busses alsa would give access to Brooklyn and other lLong! Island centers. | No Estimates of Cost. ! portation. men interested in f7and bus svstems declined tnday to estimate.the cost .of such a service. 1t _seemed tn be the opinion of most of_them that the cost was ot an important factor compared with gaining access to the passenger traffic of New York. Bus men the steps show conclusively that th bus, when adopted into the v iroad fald, 1« proving a beneft instead of a | detriment. to the steam carriers. It is worthy of note in connection withe the Baltimore and Ohio that e road has heen hampered in Phila delphia’territory by the fact that ite station is out of the center of town. A bus system there would bring it measurably nearver. In Baltimore the altimore and Ohio operater two sta tlona, And bus men say the elimina- tion of one might make a bt vstem in its place profitable. Washington, (‘hicago, Cincinnati and St. Louls, also toviched by the Baltimore and Ohio, will he ng the experiment with decided interest. DROUGHT HURTS CROPS. Maryland Farmers Suffer Heavy Loss Through Bad Weather. Continued cool and dry weather plaved an important role in the crop autlonk during May. according 1o Tohn &. Dennea, Federal agricultural statistician for Maryland. A general weakening in condlflon was reported from over all the State. Practically avervthing excepting orchard frults s away helow what it was the same date in 1025, and much below the ¢ average of condition on There is no disguising the fact that the farmers are growing gloomy. Moderate and desultory showers at the close of the month were heneficial. Generous dispensa- tlons of warm, wet weather in the near future will go a long way to Tra hoth rehabilitate the courage of the men fL on the farms. But, in spite of the the crimp that has been put in hay- lands, pastures, and the grain crops. the statisticlan savs encouraging news comes from the orchard men, who tell a different atory of the ex- cellent frult prospects for this vear. - 2 A Fool and His Money. The fact that a stock cartificate i printed in fancy green serollwork is no proof that it is worth any more than ordinary wall paper. Thousands of people in Washington would have |} gaved their money f they simply had he knew of some supposedly wonder- ful investment. NEED FARM LABOR. T'ORT WORTH. June 2 (8 The farm labor need in efal) — s s 50 of Government em- cording to figw A half million ummer and Fall We Buyé&-Sell Unlisted Stocks &Bonds Mehlman & Co. 19 ¥ S¢N'W: ALTER 8. PRATT, Jr., Secretary 46th YEAR COM! TED ! SHARES $2.50 PER MONTH being THE EVENTKG STAR. WASHINGTON, D. €. WEDNESDAY, JUNE 9, 1928. Prompt Acion - First Mortgage Loans o W s e Money to Loan first deed of trust on We Will Loan at 53% Economic Conditions Lo t Rates ? Interest - Thomas . Fisher & ompany, Tnc. 38 I6th Streed f BUY Real Estate Gold Coupon Bonds Secured by First Nmflnns GUARANTEED The United ‘States Fldelity & Guaranty Company Resourees. $46,000, TO YIELD 6% Plus tax refund up to mills Descriptive cirtular upon raguest CHAS. D. SAGER “Sinee 1008 924 14th Street N.W. Main 36 FOR SALE 612% TRE TYPE OF SECURITY CONSERVATIVE INVESTORS BUY In denominations of $258, §! $750, $1,000 and upwards, secu on improved real estate situated in the District of Columbia. JAMES F. SHEA 643 Louisiana Ave. NW. [ WE 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 | \ Renources $17,000,000 ! \:nfllht! DONALDSON, l'lll!lilN'Ik & UNION % CENTRAL LIFE INS. CO. ‘ Makes " Real Estate Loans 4 For 5, 10 and 15 Years i Douglass & Philkips, lnc.é 1516 K St. N.W. We are making loans secured on well located real estate, improved or to be im- proved by new build- ings in the District of Columbia. We are also in posi- tion to refinance expir- ing loans, Mortgage Investment Dapt. (SHANON-& U 713 14th St. N.W. Main 2345 p ”- BQSSmrHELPS . Tyler & Rutherford Loan Correspondent of the Mutual Benefit Life Ins. Co. Newark, N. J. 1018 Vermont Ave. Exempt from all Federal Income Taxes City of M. 418 Dallas, Texas 41,9 Bonds Have You Lost Money In Securities? If so, get our plan. NO OBLIGATION on your part. State securities held and telephone number. Address Box 284-A Star due May 1, 1941 and 1944 Legal Investment for Savings Banks and Trust Funds in New York, Massachusetts and Connecticut Prices to Yield 4.20%, E. H. Rollins & Sons " Pounded 1278 416 Woodward Building Washington New York Phtiadalphia Denver Ran Francisco JLondon Boston Chicago New First- Mortgage Investments Sfl:ured on Foxhall )/V iiz aégv‘e The cream of Mortgage Security— 61/2 % Washington's most unique and In_ cons enient fastest selling homes! LU I Pounded 1907 1417 K Street—Main 9300 Thir July 1st The funds that you will soon have available—what are you going to do with them? Are you going to be con- tent with a continued small rate of income or are you going to invest in our First Mortgage Notes? Secured by Improved Real Estate located in the Nation's Capital, these Investments- are doubly Safe and Dependable and they yield an annual return of 6:% Mortgage Investment Department SHANNON - & LUCH))| 713, 715 and 717 14th St. Main 2345 Follow the Modern Investment Trend- Individuals having fun clase of sscurity will do we g0 urns Collection: after by ms o off PSYCHOLOGY STOCK MARKET | A 9 page by o Containe meny selentie fuote of trader or Complimentary copy fwrmished while limited eupply laste IHD.'#‘H;HH,h SECOND TRUSTS to invest in this to look ever my le with minimum of ri AEna TR R R fosked ce. which 18 bonded . H. KYLE N OF THE leading finamctal awtherity. vaine te yeu, s an nvester, usincss mas. Ask for 8. 512 We have a limited amount of 0 |First Trust Notes i} for sale in denominations of $100, $500, $1,000 AND UPWARD Secured on Real Estate District of Columbia Our experience extending over a ||| period of Thirty-five Years insures your protection Percy H. 928 !5th St. NW. Service all Chicage grain quota- tions directly from the Pit is the only such serv- ice new operating Washington. ice comes with quota- tions from all other grain centers States, to execute your orders in | a prompt and efficient manner. 'Dean, Onativia | NEW VORR STOCK EXCRANGE CRICAGO STOCK EXONANGE CRICAGO BOARD OF TRADE NEW YORK COTTON EXCBANGE NEW YORK CURB MARKET Our Grain Ticker which supplies in This serv- in the United We are fully equipped & Co. Membars of the Woodward Building Main Floor Phone Main 2040 of & Century 1Wsthout a Loss B. F. SAUL CO. Main 2100 Security Finance ‘Corporation 634-638 INVESTMENT BUILDING, WASHINGTON, D.C. The Security Finance Corporation has been organized to pur- - chase deferred payment notes arising from the sale and installation of permanent home improvements such as heating plants, plumbing systems, electrical installations, etc. _The safety of these notes is assured by the fact that each note tiltimately becomes a lien upon improved real estate, and is indorsed and guaranteed by the dealer from whom it is purchased. The average of all notes purchased by us is less than $500.00 and the average maturity is approximately six months. Authorized Capital 100,000 Shares 8107 Cumulative Preferred Steck, Par Value ....oe 100.000 Shares Commen Stock, Par A\'alue. s Fully Paid and Non-Assessable. PRICE FINANCIAL, REAL ESTATE LOANS BUSINESS PROPERTY RESIDENCE LOANS AT LOW RATES FRED T. NESBIT i Investment B Main 9302 ) Loan In Any Amount on lot—2nd—3rd Trusts We provide suitable and satis. factory solutions for your finan- cial problems. Immediate deci sions and settlements. Yo will find eur charges tne lowest. in_the Realty Loan Co. 1417 F St. N.W.—M. %411 Open Evenings ussell Co. Si TO PROLONG YOUR INCOME A man's income should not be a fleeting thing—here today and spent tomorrow, to be re- placed periodically only by dint of constant striving. Prolong your income; give it perma- nence in our 6%% FIRST MORTGAGES Decide now to protect a fixed proportien of your salary with these safe, steadily earning se- curities. Our partial payment Elan is for your convenience. In ameunts of $250 and up. 923 15th St. N.W. ..$10.00 10.00 1 share 8%-10% Cumulative Participating Preferred..... | 1 share Common. . ] Plan now to invest your July funds in sound First Mortgage Bonds you join and save with us? 915 F Street $12.50 Price subject to change The Preferred Stock bears an immediate dividend re- turn of 8%, and a possible 27, additional through the The New York Life Insurance Co. Offers to Make First Mortgage Loans On Improved Real trict of Columbia and Nearby Suburbs County, FOR 3, 5 OR 10 YEAR PERIODS Y% in Montgomery Houses Business Properties ON APPROVE Apply RANDALL H. HAGNER & GOMPANY, MORTGAGE LOAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Guesswork 6%% o Convenient amounte of 0 £100 and wp ~ YEArs 1433 K Streel or surplus funds in First Mortgage Notes sponsored by an organization of forty rity and ability. U A Saunders Coe Powndes 1387 Estate in the Dis- Maryland Apartments Office Buildings D SECURITY placing your savings " NO.LOSS ' Y INVESTOR IN53 YEARS 63%-7% Several new issues of First Mort. gage Bonds, secured by medern, Washington, Philadelphia and Pittsburgh, now are available for June investment or -July reservation. Each issue is pro. tected by safeguards that have resulted in our record of no /oss 1o any investor in 53 yeays. unquestioned integ- t—Main 1016 - Mail This Coupon: ‘Without ‘obligation on my part, please send me your two booklets and descrip- tions of your 63{% and 7% First Mort- gage Bonds. . Name ... Addres... income-producing properties in EST year American investors put into city real estate bonds approximately one billion dollars, which was twice the total investment in such securi- ties for 1923, and twenty times the total for 1919. This tendency of investers to put more and more of their funds into first mortgage bonds is evidenced most strongly.in January and July, when millions of dollars are released for investment through interest and dividend payments, and through the redemption of maturing securities. This year, because of the low yields prevailing on other high-grade investment securities, and also be- _ cause of the recent ups and downs of the securities . market, the July demand for well-secured first mort- . gage bonds doubtless will be heavier than ever before. If you are planning to take advantage of prevailing first mortgage interest rates for the investment of July funds, we suggest that you make your selection now, and thereby obtain the security, maturity and yield that you want. Descriptions of our current offerings of 634% and 7% First Mortgage Bonds, and copies of our two bobklets, will be sent to you upon receipt of your name and address on the form below. ToE F. H.SMrTH Co. SMITH BUILDING: Washington, D.C.-~Main 6464 ' NEW YORK . PHILADELPHIA " PITTSBURGH BOSTON BUFFALO - + ALBANY MINNEAPOLIS, . 130 participatin, nflm.f F from the Stock may be purchased for Cash or upon our very attractive Thrift Plan, extending payments over twenty months, You receive dividends while paying for your stock. DIRECTORS CLAUDE W. OWEN, President Prestdent. E. G. Schafer Co. MERRITT O. CHANCE Vice President Vies President. ont i N ey JAMES B. EVANS Vice President A rsenis Fresident, Gencral” Lomber Co. WILLIAM CONRADIS Secretary P retary Freaparer, Kloen Reet Sales Co. i A. H. BREWOOD i ki A s TR EDWIN E. ELLETT Edwin E. Eliett Co.. Mantels. Tiles. Fie. WILLIAM H. GOTTLIEB President. G. & H. Heating Co. JOSEPH B. JACOBS Breetsr! W Eon 8 ints ‘mank. A. D. LOFFLER t. A Loffler Erovision Co. E’E‘J‘E %3#%&2’#&‘5‘3"... Guaranty EDGAR MORRIS President, Edgar Morris Sales Co. FREDERICK W. QUINTER LINCOLN TOWNSEND T. Vice President, National Electrical Supply Oo. BRI T feature. ederal income tax, and the stock is free District of Columbia The dividends are free from intangible tax. Terms Finance Corporations are among the safest known. The constant turnover, of capital assures a material enhance- wment in the value of our common stock, as well as a dividend return far above the average. The Security Finance Corporation Carl G. Sessinghaus, Mgr. Fiscal Dept. 634-638 Investment Bldg. Washington, D. C. USE THIS COUPON Security Finance Corporation, 634-638 Investment Building, Washingten, D. C. Gentlemen: Without obligation to me, you may supply further information. Address......ccocciiceccivceccsoccnsee O R L R R »