Evening Star Newspaper, June 13, 1926, Page 46

: FINANCIAL., TREASURY ACTION STARTLES BANKERS No Financing June 15 Sur-| prise—Third Liberty Due September 15, 1928. BY GEORGE T. HUGHE:! Epeial Dispatch to The Star. NEW YORK, June 12.—The inci dent that attracted the most attention -in investment circles this week was | the unexpected announcement from | Washington that there would be no | June 15 Treasury financing. The | lanking community was unprepared | Jor any such development. It was the first time the war that! there has been no necessity for some offering of securities to take care of maturing obligations. 1 I tion that funds accumulaicd to acquire whatever the Treasury might have offered would now be di verted to other channels had an im . mediate stimulatinz influence on the bond market. Prices for outstanding Liberties and Treasury bonds moved | . not_extensively but significantly. < better realized that the volume of United States Government obliga- | tions _avail investment was steadily shrinking and that when the | time comes to refund maturing Lib- | erty i at a rate more overnment and on a lower veld basis to the in- | vestor since Long Term Issue. Three months ago Secretary Mellon offered a long-term bond issue with a 83, per cent coupon, priced at 1005 The honds were marketed just after rch break in the stock akers, or some of them ist, thought the Secretary vis ptimistic. The event, however, has justified him, and late this week the bonds sold at a record high, bringing the yield thereon down to about 3.60 per cent. Now, simply because there was no new Government _financing this menth it does not follow that there are not difficult problems ahcad. The third Liberty loan falls due Septem- ber 13, 1928. This is now outstanding to the amount of about 000,000, Meanwhile, next vear the second Lib. erty loan, which does not mature until 1942, nevertheless becomes re- deemabie at par at the option of the Government. Undoubtedly plans for refunding the third Liberty and for taking ad vantage of the privilege of substi tuting another obligation for the sec ond Liberty loan are alread consideration. Tha belief was express- ed this week that a saving to the * Treasury of 1 per cent might be ef- fected by the sale of a 31 per cent refunding issue. Probably that could not he done now, but at any rate one thing Is plain and that is that vields on United States Government obliga- tions are going to be lower from now on Switeh to Municipals. Tt is also worthy of note that tax exemption does not enter into the matter or fixing a price for Govern- ment securities to the degree that it formerly did. After July 1. except for the first Liberty 31;s. only a total amount of $5,000 in Liberties for any one holder has tax exemption. Indi- vidual f1ivestors affected thereby have been switching into municipal bonds, but there has been no price weaken- ing in the Liberty list on this ac count. The general bond market itself has continued strong all the week, with the average price at the high of the year, and_that means at the highest since 1917. While, as already indi cated. this strength has been evident in the high-grade group. Including Government bonds and first mortgage rails, it has not been confined to this class of securities. The advance keeps broadening out to include the higher vielding obligations technically not considered the most conservative, but still of undoubted safety and with an improving outlook. An_illustration or two will make the point clearer. Under its present management the Missouri Pacific has made tremendous strides in strength + ening its financlal position in recent vears. In a general way this fact has been recognized in hoth the stoc and bhond markets. Missouri-Pac general 4s. one of the most active of the Missouri-Pacific - bonds, have, however, heen lagging behind similar railway issues because of the fact that It is junior llen on the property and that new financing will probably be done under the mortgage t comes ahead of these bonds. Part because of the progress of the road and partly because of demand for better than can be found in bonds technically better rated, Missouri- Pacific general 48 were taken up this week and the price advanced to the highest since they were first issued. nth Americ Issues. ation in the foreign group s the same condition. Take South American bonds, for in- Many of these carry 8 pep cent coupons and many involve a certain amount of risk, political or financial. but not one of them listed on the stock exchange is any longer purchasable below par and most of them sell at substantial premiums. There has been on change in circum- * stances affecting the credit of these South American borrowers. It is simply a_part of the general lower- ing of vields. As those countries enter the market for new funds they are able to command better terms. In &till another divection the strength of -the-investment demand has been evident_this week and that is in the markpt for the public utility preferred stock. The majority of these are bought and sold in the outside market * and attract ordinarily little at- tention from trades. This week the quotations tor these stocks have been gradually advancing, but that is not the whole story. Close examination reveals that buying orders outnumber selling offers. For the most desirable of these prefered issues the supply is strictly limited. 0 BALTIMORE LIVE STOCK. BALTIMORE, June 12 (Special).— The general live cattle market con- tinues steady and shows little change from last week. Receipts have been fairly liberal, but the demand con- tinues good, and prices generally hold firm_ Choice veal calves and Spring lambs are in especially good demand. Quotations today at Light Street ‘Wharf—Beef cattle, first quality, pound, 8 to 9; common to medium pound, 5 to 7. Bulls, as to quality, pound, 4 te 6. Cows, choice to fanc: pound; 5 to §; common to fair, pound, 3 to-4. Oxsn. as to quality, pound, 4 to 6 mih: cows, choice to fancy, head, 50.00 to 75.00: common to fair, head, 30.00 to 50.00. Calves, veal, choice, pound, 123 to 13; ordinary to ,1021 Hig) 81r 51 100 1024 105 105 104 1017 16 102 1743, 997 107% 13 101% 106% 9 94 97 1% medium, pound, 9 to 11; rough and common, pound, 7 to §; rough and common, pound, 6 to 7: small culls, pound, 7 to 8. Sheep, choice, pound, 7 to 8: old bucks, pound, 5 to 6; com- mon, pound, 3 to 4. Lambs, Spring, cholce, pound, 16 to 17; fair to good, pound, 14 to 15. Fall, as to size and quality, pound, 10 to 15. + Hogs—Stralxht, pound, 13 to 14; sows, pound. 10 to 12; stags, pound, 6 tp 8: old boars, pound, 4 to 5; live nua pound, °5; shoats, pound, 15 to 1089 110810 104-13 g, Low, 10129 9915 10230 101-1 10119 100-16 101-1 101-20 High. 100 2% Y 10215 87 11)% 1084, 8% 105 105% 103% 102% 109% 109% 4874 100% 1 2% 104% 108 105% 993, 103% 105 86% 8% 1 618 1031 [} 9944 100 85 100 ® 974 | 103 1004 90 9314 105 7813 941 1064 94y 102-26 101-21 Liberty 1st 414s 1932-47.. 100-» 101-14 100~ 103-7 108-20 106 4 1021 THE_SUNDAY STAR, BOND SUMMARY FOR THE WEEK ol Low. U, §. BONDS, 99:19 Liberty 3%s 1932-47... .. 100-17 Liberty 2d 4%s 1927-42. 5 Liberty 3d 41s 1928 101- Treasury 4148 1947-52.... Prev. Low. FOREIGN. 964 Argentina 63 A-95¢...... 100% Argentina 7s 1927 96t Australian Govt 5. 100 Austria 7s 1943. 81% Belgium 68 1958 105 Belgtum 7%8 19 105% Belgium 8s 1941 814 Bordeaux s 1934. 100% Brazil 88 194 102% Canada 5s 1952 101% Canade. 5% 19 100% Chile 8s 1926 1074 Chlle 8s 1941 107 Chile 8s 1946 39% Chinese Govt Ry 58 1951. 984 Copenhagen 51%s 1944 98% Czechoslovakia 8s 1951. 102 Denmark 6s 1942. . . 103% Dutch East Indies 6s 1947 103% Dutch East Indies 6s 19 924 French Govt T3:s 1941... 984 French Govt 8s 1940 101% Germarn 7s 1949. 78% Holland-American s f 6s 19 833 Japanese 4 1931. 928 Japanese 615 1954. 100 Jergens Utd Margarine 6s 1947 &14% Lycn 6s 1934 81! Marseille 65 106% Netherlands 6s 1 784 Paris-Lyon Med 6s 1958 1044 Queensland 6s 1947. 110 Queensland 7s 1941. 974 Rio de Janeiro 8s 1946 1024 Sao Paulo, State of, 83 85 Seine, Dept of, is 5 87 Serbes, Crot 103% Sweden 6s 3 102% Swiss 5155 1946, s United Kingdom 5 “nited Kinzdos STRIAL AND MISCI 103% Amer Agri Chemical 738 1941... 99 Amer Smelt & Ref 1st 53 1947 107 Amer Smelt 15t 63 1942, ... 102% Amer Sugar Refining 6s 1937 9674 Amer Tel & Telcl tr 451929... 0% Amer Tel & Tel cl tr 55 1946. .. 101% Anaconda Copper 68 1953 naconda Copper cv deb 7: 90 Armour & Co 4125 1939. $9% Atlantic Refining deb 58 1937 % Bell Tei (Pa) ref 53 1948 '+ Bethlenem Stecl pm 53 193 » Bethlehem Steel s f 63 1943 Chile Copper 6s 1952 &t Cons Coal (Md) 1st ref 55 1950 £2'5 Cuba Cane Sug cv deb 8s 1930 107% Detroit Edison ref 6s 1940. 2% Dodze 83 1941. 3 S 1014 Empire Fuel & Gas 73%s 1937 104 Goodrich (B F) 6125 1947 1093, Goodyear Tire 8s 1931 120 Goodyear Tire 8s 1941 101% Humble Oil & Réf s 1027 Indiana Steel 58 1952. 84% Inter Mer Marine 6 91% Inter Paper 58 B 1947 108% International Te! 102% Kelly-Springfield 8s 1931. 96% Lackawanna Steel 55 1350. 99% Lizgett & Myel 5 96% Manati Suzar s f 93% Midvale Steel 5s L 2 1007 New England Tel 115 N Y Edison 1st 6165194 108 NYGasELHG&Pos19 97% N Y Tel 43¢5 1959, 107% N ¥ Tel 65 1941, 101% North Americs 974 Pacific Gas & 987 Pacific Tel & T 103% Philadelphia Co ref 63 1944. . 100 Public Service 65 1944..... 93% Sinclair Oil 7s 193 131 Skelly 6158 1927 107 South Porto Rico Sugar 7s 1941. 103% United Drug 65 1944 91% U S Rubber 1st & ref & 194 106% U S Rubber 71 1930. 105 U S Steel s f 58 196 95 Utah Power & Light 5. 105 Va-C 111 Western Union Tel 6%s 1936 6% Wilson & Co 15t 6s 1941.. RAILROAD. €91 Atchison gen 4s 1935, 49214 Atlantic Coast Line 1st 48 1952 9% Balto & Ohio gold 43 1943 . 94 Balto & Ohto cv 4% 1933 9315 Balto & Ohio ref bs 193 102% Baito & Ohio 6s 1929 3 89) B& O Pitts L E & W Va 45 1941 98 B & O Southwestern Div 5 cfs 50 924 Brooklyn Manhat s f 6s A 1968. 117 Canadian Northern 6%s 1946 80% Canadian Pacific deb 43 BYY, Central Pacific 4s 1949 977 Chesapeake & Ohio cv 92 Chesapeake & Ohlo gen 4%s 1992 124 Chesapeake & Ohlo cv 55 1946. .. .. 51% Chicago & Alton 3145 1950. .. 102% Chi B & Quincy 1st ref 5s 1971, 13% Chi & Eastern 111 gen 65 1951. 64% Chi Great Western 4s 1959. 484 Chi M & St Paul cv 41451932, 90% Chi M & St Paul gen 4155 1989 484 Chi M & St Paul ref 4% 2014 474% Chi M & St.Paul cv 55 2014. lgs 4 111% Chi & Northwestern 6348 1936 1039 108% 3 114% 65% Chicago Rallways 58 192 Chi Union Station 41ps 1964 Chi Union Station 6135 1963 Chi & Western Ind con 4s 1952. CCC&StLref6sA1929.. Cleveland Term 54s 1972. . Colorado & Southern 4% 193, Cuba RR 5 ceee Delaware & Hudson 5133 1937 Den & Rio Grande con 4s 1938 D & R G West 5s 195. Detroit United 4%s 19 Erie 1st con 4s 1996. Erie gen lien 4 1996 Erie cv 4s A 1953 Erfe cv 4s D 1953 FlaEC5874.......... Grand Trunk s f deb 6s 1936 Grand Trunk 7s 1940 102% Great Northern gen 5%s 1952 110% Great Northern gen 7s 1936 . 92% Hudson & Manhattan ref 5s 1957. Hudson & Manhattan adj 5s 1957 1llinols Central 55 1934 Inter Rapid Transit 55 1966 Inter Rapid Transit cv 7s 19; Inter & Great Nor adj 6s 195: Kan C Ft Scott & M 4s 1936 Kansas City Southern 3s 195¢ Kansas City oSuthern 5s 1950, Lake Shore 4s 1928 96Y% Lake Shors 45 1931 e 93% Louis & Nash unified 4s 1940. 102% 105% 9515 £8% 102% 97% 106% " 106% Louis & Nash 1st ref 5%s 2003. 864 107% 11s% 65% 95% 100 103% 104 105 4% 100% 864 89% Mil Elec Ry & Lt 1st ref 65 61 102% MStP&S'S M 6%s1931. 84% Mo Kan & Tex 15t 43 1990 90% Mo Kan & Tex ad) 55 1967. . 96% o Kan & Tex pr In 63 A 1962 65 Migsouri Pacific gen 4s 1975 96% N O Tex & Mex inc 55 1935. 94% New York Cent deb 4s 1934 101% New Yovk Cent ref imp 6s 2 100% New Yoi\ Central deb 85 1935, 58 New Haveu deb 45 1957. 974 N Y N H & \lcvdeb - 748 53% N Y Ry 65 10~ B 69 N Y West & Boston 48 1946 90% Norfolk & Western con 4s 1996 138% Norfolk & Western cv 65 1929. 61% Northern Pacific 35 1947 86% Northern Pacific 4s 1997 108% Northern Pacific ref {mp 6 96% Ore Short Line ref 45 1929. 105% Ore Short Line gtd 53 1946 83% Ore-Wash 1st ret 4s 1961. 94% Pennsylvania gen 4%s5 1965 102% Pennsylvania gen 55 1968 111% Pennsylvania 6%s 1936. . 35 Peorla & Fastern inc 45 199u. 101% Pere Marquctte 15t 55 1950 94% Reading 4%s 47 74% Rlo Grande Western clt 4s 1949 88% RIATK& L 41451934 89% StLIM&SR&G 451933 775% St L & San Fran prIn 4s A 1 93 St L & San Fran pr In 53 1950, 99% St L & San Fran 534s B 1942, 924 St L & San Fran adj 6s 1956 82% St L & San Fran inc 6s 1960 69% Seaboard Air Line ref 45 1959... .. 76 Seaboard Alr Line adj 55 1949. 91 Seaboard Alr Line con 6s 1945. 96% Southern Pacific cv 45 1929 85% Southern Pacific col 45 1949 90 Southern Pacific ref 4s 1955 81% Southern Ry gen 48 195 104 Southern Ry 1st 55 199. 112 Southern Ry 41% Third Ave adj 923 Union Pacific 18t 48 1947 . 99% Union Pacific cv 4s 192 99% Virginian Ry 18t 65 19 101% Wabash 1st 58 1939. . 99% WabashG%s 75. . 66% Western Maryland 4s 1952. 95% Western Pacific 55 1946. . 83 \West Shore 1st 45 3361, High. 100-30 100 24 100-27 3 34 8 102-17 102420 876 0 100-23 100-27 3 65 101-12 102+ . 100 101:13 101-6 3-38. . 103.7 10810 108-4 . lo4y Low. Tast. 103-3 s Low. 98% 101% 101% 98n 98% 101% 100% 84% 834 109% 108% 107% 106% 86% 84'¢ 105 108% 10b% 104% 102% 102% 101% 101% 108% 108% 109 109 42 39% oy 99 101 100% 104% 104 106 106% 105% 106% 9714 96 1026 100 105 104% .80 9% 8% ST 954 96% 110% 109% 86 85 6 8% 108% 108% 6% 5 1060s 104's 13 112 104 103% 104% 104 87% dT's 9l 91 104% 103% 1045 104 1184 118% 1044 104% 103-1 k's Clowe. High. 99 112% 104 w1 87% 9l 104% 118% 104n 103% 100% 103% 103% 101% 100% 108% 107+ 103% 103 Y8 98 103% 103% 103% 103% 106's 105% 924 90% 102% 1024 103% 102% 974 9T% 100 99% 107% 106% 82y Bl% 94% 93% 108 108 S4% 984 102% 101% 105% 105 110% 110 1214 120% 105 1027 104's 104 95 944 95's 94% 1134 109 104% 104 99 9Bl 1027% 102 93 96% 97 96% 1027 102% 117% 117% 105% 105% 984 984 1057 108% 103% 103 100% 100t W 102% Lo1% 105 1udw 104% 104 98 9Tk 13815 136's 1074 1074 1074 106% 94y 107% 1064 107 106% Y9 9Ty 108 1072 1124 111% 9T 6% 92's 92 8 H34% olih 9% b7 18w 98% 97 1054 102% L2 9i% b3ta 49% Bd% wiw 3% 494 6315 49k 1134% 113% 8% 124 O1% Y0w EXCE LY 19 1l Bils o % 108 | 108'; 107% 114 13y 19% 7 SO YBY% 107% 1071 9% 5% 103 103 87% 874 98% 5215 101% 101 7% 72% 100% 1001 55% 5l 105% 106% 107K 1074 118% 113y 98K o) 1074% 107% 874 264 o8 ugy 1074% 105% 4 113% 113y 0% 58y, 104% 104 % 99 8¢ % 6 107% 1073 118K 1173 9% Brg 944 v3y 99% ol 103% 1024 103 103 108% 105 1034 724 T4 7oH 99% 100% ©9% 85% 85' 85l WASHINGTON, D.. C, JUNE 13, 1926—PART 1. COURSE IN TRUSTS. ST Banking Institute Will Offer New Study in Fall. An advanced and comprehensive special course of instruction on trust functions for the larger chapters of | the American Institute of Banking is in process of preparation. Vice Presi- dent Fox of the trust company div slon of the American Bankers' Asso- clation has appointed a committee to collaborate with a committee fromgthe American Institute of Banking ufider the general direction of Stephen I. Miller, director of education. The' urgent need for such a course has longs been apparent, especially in view of the large increase in the num- ber of trust companies, National and State banks which have Inaugurated trust departments within the past fey years. Announcement special second ‘sale in central some with two deal’ sites for laun- ‘manufacturing 24 WILL ATTEND - BANK CONVENTION List of Delegates and Guests Announced for Outing at Hot Springs. Yield. very ries. wa plants, garages. One’ special site cont ft. with two street fronts. Jos. A. Herbert & Sons 1013 15th St. N.W. 367 377 369 Lant. 9% 101% 98t 101% 84% 1094 | 107% WE FINANCE ~=nl! clnsses of 1nNmfl»prDflu?1nl. property Loans a Specialty Current int. rate and commission Higbie & Richardson, Inc. 816 15th St. BY EDWARD Hilleary G. Hoskinson, chalrman of the transportation committee, an- nounced yesterday that to date 224 delegates and guests have signified their intention of attending _the eighth annual convention of the Dis- trict of Columbia Bankers' Assocla- tion to he held at Hot Springs, Va., June 17-20, and have applied for complete accommodations for the trip. This figure means (hat the coming convention and outing W g be the largest vet held and the com- A ML mittees In charge declare it will also AL e b be the best one. The business sex- 1410 G ST. N.V slons are sure to be highly interest- S ing and the list of other events is more varied and complete than it has heen at other similar gatherings. Last vear there were a few minutes during the convention when nothing special had been planned, hut this vear it is intended to make the spe- cial events practically continuous. List of Delegates and Guests. | list of are ex- tractions We Will Loan at 53% Economic Conditions Tyler & Rutherford Loan Correspondent of the Mutual Benefit Life Ins. Co. Newark, N. J. 1018 Vermont Ave. SECOND TRUSTS Indiyidu ving funds to invest class of security will do well to look o off-rings. Returiis are ample with minimum of risk Collections and_all other details are looked after by my office, which is honded. M. 475 e WE PAY MORE INTEREST | ON SAVINGS ACCOUNTS Than Any Other National Bank in Washington Interest on DAILY Balances C in and let us explain Make Your Money Make More Money It is true that a cer- tain portion of your capital must be easily Following is a complete delegates and guests who pecting to_enjoy all the i {hat the Virginia_resort Mr. and Mrs. F. G. Add Clyde B. Asher. Mr. and M ter K. Bachrach, Ralph_P. Barnard, Robert Bayly, Mr. and Mrs. Charles 7. Bell, Clifford K. Berryman, Mr and Mrs. Y. Booker, jr.: Mrs. ary Bowie, Charles D. Bover, Mv and Mrs. Thomas W. Brahany, John W, Brawner, Dr. and Mrs. John P Briscoe, Mr. and Mrs. Alexunder 3ritton, Miss Grace M v, Victoria Blanche Bromle: Burns, Louis Bush, M. R. C. Calvo, Stanly ¢ 3. A Cauldwell, R. Jesse Chaney, Bertram Chesterman, Mr. and Mrs. J. Floyd « | Cissel, Mr. and Mre. Charles °T. Clagett, Mr. and Mrs. Harry F. Clark 08| Mrs. L. A. Clarke. B. L. Colton, Mr. 110% §and Mr. Oscar Collican. Mr. Mrs, "‘Bowdoin Craighill, Fernando Cuni- { verti. 3 E. Davis. Mrand Mre . Charles H. Doing, Ruther- g A Mr. and Mrs. Harold B tuth Doyle, Peter A. and Mrs, Horace Dulin. 5. Durfee, and Mrs. John Lmrich, Charles V nd Mrs. Henry Mrs. J. Dann Faber, F Miss Maud Fellheimer, her, I A. Fleming, leming, Mr. and Mrs. Fleming, Albert John . % | orman. Mr. and Mrs. Ezra Gould % r. J. Groom, Mr. and Walter - 1 Commercial Nat'l Bank | 14th and G Streets Resources $17,000,000 | i DEN DONALDSON, rm-:nmzx'l! available— Equally true is it that your financial surplus ould be placed in a medium of investment here it can produce the greatest guaranteed re- turn. We recommend First Mortgage Noles Safe Remunerative Dependable NATIONAL PRESS BUILDING FIRST MORTGAGE 6s, 1959 BOUGHT QUOTED A.S. GOULDEN & CO. Woodward Building Washington, D. C. Tel. Main 9129 SOLD Annual Return 6Y2 % Mortgage Investment Deaprtment 5 and 717 14th St Main 2345 . Farrington, Atwood M Mrs. R. Robert V. o 713, 7 . Guy Mr. and Kenneth J. Flisha Hanson, N Ham, Mrs Rob- teher, awke, Mrs. Willlam Hanau, Mr. and Mr. and M Harper., Arthur B. F para Hatton, Miss Minnie i1 Mrs. Harry V. Haynes i . Charles H. Hille- eist, Mr. and Mrs. Bynum F ton, Miss Marion *| Horne, Mr. and Mr kinson, David N . Howe, Miss Annie S B, F. lden, E. R. Jones, | Keesee. 3 Charles C. Lamborn, W L. W. Laudick. J. H. | Leonard, Ernest usk, Mr. and Mr trell, Mr. and M dane. Willlam ¥ lang Mrs. 1\ { caroline 3 rie. and Mrs. John rguerite Maul Money to Loan We making loans secured on well located real estate, improved or to be im- proved by new build- ings in the District of Columbia. $2,500 3rd Trust Note, For Immediate Sale, $1,800 Payabla S50 month . 18 months: seeured orr modern apartment house of 8 apts: ami. with Ist trust $15.000 nd 2nd trust $12,500: monthly incom total expenses. including 1st. 2nd and t notes, $290 | are Phone Potomac 110 till 6 P.M. Suncay or after 5:30 P.M. Monday or Address, Box 5—B Star Office. | Mr. and Mrs. Lee,. John D. Rufus S. Lut- Lyd- r. . Love, samuel Charles B. Mackall, jr.i 3 MacKenzie, Miss . Maddux, vy, Miss | Mrs. G M- Me- . Mc . Mil- Miller, N Mr. and Morse, We are also in posi- tion to refinance expir- BUY Real Estate Gold Bonds Secured by First Mortgages Guaranteed By The United States Fidelity ||| & Guaranty Company Mau Mr. and ing loans. 914 9'a 8% | Lachlen, 1304 | Quade, Mr. and M % Mrs e e e Howara Motal n, C. G. Morgan, I A, Morse, Frank P Nevius, Mr. nd o h | L. Bert Nye, Geo! 3 584s | oo, 8 . Offterdinger, 53 | \r. and Mrs. v L. oftutt, J Ol Mortgage Investment Dept. SHANNON: & TUCHS) 713 14th St. N.W. Main 2345 ! Avo L, irice Otterbuck, J. Philip Pepper. g0 . Resources, $46.000.000 To Yield 6% Plus tax refund up to 413 mills PSYCHOLOGY OF. THE Stock Ma cloth ling nd Petit. E gty <. Julius I. 'eyser, “Miss Viewri bey e Palson, C. H. Pope "0 L. Randolph. h M. Riodon, ker Robinson. avage, Joscph L Luther . Harry L. 108 Call or Write for Descriptive Circular. CHAS. D. SAGER Since 1906.” 924 14th Street N. V Main 36. chin- . Mr G J finas jeorge J. © I hartes "B° Schuefier, Mr. and | f B | Herbet T. Shannon, Mr. an J. W. Sherwood, Isaac E. Shoe- 3 | vone, ch! Mrs. maker, Leon S Mr. and Mrs. 5 S Mre. ke T Shropshire, Mr. and ;. P 3 Mr. and Mrs. L. A F. P H. Sidlons N4 Mm. Jobn H. John Lewls W, Spaid, Stone, Mr How Slaughter, Mr. . R. Stewart, Edward and Mrs. Willlam C. Sullivan, ard Sutherland. Biward E. Swan, M 3 " Thomson, Mr. and Mrs. ("‘g‘:l".les“ L.’r h’l‘u)'lor, Merle Thorpe, Mr. and Mrs. Oscar A. Thorup, Mr. and Mrs. Charles H. Tomb- 19% | kins, Dr. and Mrs. M. L. Turner:! 18’ | Winslow B. Van Devanter, Mr. b.;n v | Mrs. 15, M. Wallace, Mr. and 1}. 16% | John R. Waller, Sidney West, o Frank White, Mr. and Mrs. Frankiin . Willlams, Mr. and Mrs. R. J. Wise, . G. Woodford and W. L. Koontz. Complete Program Arranged. John M. Riordon, chairman of the hotel committee, will go to Hot prings early in the week to have complete hotel -accommodations in 108% | rendiness for the arrival of the Wash- ston party, early Thursday morn- ing, as well as for those who go down Wednesday afternoon. According to latest reports the an- nual “Family Dinner” is to have a number of new features that.may make it even more enjoyable than was the closing event of the conven- year. uotf:‘vli;' detall of the annual outing is now So complete that the program | has gone to the Dr{ry\'terb“'{h;a im- rtant reports on the v activities have been submitted by the Committee chairmen, the golf links are said to be in perfect condition and even the tops are “rarin’ to spin.’ el S BALTIMORE PRODUCE. ' ALTIMORE, June 12 (Special).— Re]ielptu of Virginia new potatoes have been more liberal the past week. and the market rules easy at 3.00a6.50 & “barrel, while supplies of old po- tatoes are ample for all trade wants and the market {s easy at 3.5024.00 per 100 pounds, and 2.00a2.50 for culls and No. 2s. % Demand for native and nearby gar-| % | den truck continues to show improve- 92 | ment as new lines appear on the mar- 851 | ket, and prices generally are holdlnx' 1071 | firm _at . the following quotations: e Liuse | Asparague, 2.00a4.50 per dozen. and pply 691 | 1.2021.80 for culls; beans, 3.00 per five. $81 | peck hamper; beets, 2.00a5.00 per 100; Sov¢ | cabbage, 1.26a175 'hamper; carrots, RANDALL H. HAGNER & Go/ntpm 159% | 5°00a7:00 per-100; kale, 26ad0 bushel: |} - : 103 | lettuce, 26a50 bushe Spring onions, MOR’I'GAGE LMN Gonngspmn“.r 1321 Connecticut Avenue Telephone Main 9700 and Mrs. Our facilities for executing orders in Miller Train Control stock is unequaled in Washington. Immediate quotations from our New York office over our direct private wire. Buck & Co. Established 1916 312 Evans Bldg. 1420 N. Y. Ave. Tel. Franklin 7300 The New York Life Insurance Co. Offers to Make First Mortgage Loans On Improved Real Estate in the Dis- trict of Columbia and Nearby Suburbs in Montgomery County, Maryland FOR 3, 5 OR 10 YEAR PERIODS Houses ON APPROVED SECURITY % 2% 97% 9% % 3 104 | 1.00a1.25 per 100; Telepheone peas, 1.75 | 74y | 22.50 bushel and 1.00a1.25 for small;| 100% | radishes, 2.00a3.50 per 100; rhubarb, 863 | 2.00a3.00 per 100, spinach, 40a65 bushab i o Clie sty | Sourh: FINANCIAL. l.l'l“m Loan W, q Ready Money to to S e Loan In Any Amount on 1st—2nd—3rd Trusts We provide suitable and satis- factory solutions for your finan- clal problems. Immediate deci- slons and settlements. You will find our charges tne lowest. Realty Loan Co. 1417 F St. N.W.—M. 9411 Open Evenings FIRST MORTGAGES FOR SALE 6'2% THE TYPE OF RECURITY CONAERVATIVE INVESTORS BUY In denominations of $250, $500, $750,.$1,000 and upwards, secured on improved real tate situated in the District of Columbia. JAMES F. SHEA 643 Louisiana Ave. N.W. WANTED Sales Manager to take charge of large successful subdivi- sion. Must be man with high- class executive ability, initia- tive and previous experience. Good contract ~with salary and commissions to right man. Opportunities Unlimited Apply in Person District Heights Co. 468 La. Ave. N.W. Main 1050 We have a limited amount of 0 first Trust Noteg or sale in denominations ol $100, $500, $1,000 AND UPWARD Secured on Real Estate District of Columbia Our experionce extending over o period of Thirty-five Years insures your protection Percy H. Russell Co. 926 15th St. NW. Money to Loan On Real Estate In Washington and Vicinity for " METROPOLITAN LIFE INSURANCE COMPANY large or small loans WEAVER BROS. Realtors 809 15th Street N.W. Main 9486 PARTIAL PAYMENT FOR COMPLETE INVESTMENT Your convenjence, and finan- cial progress, was our object in arranging a partial payment plan for our 6Y29% FIRST MORTGAGES They offer you every point of excellence the seasoned in- vestor demands—absolute prin- cipal protection, regular inter- est payment, and the supervi- sion of an established house. As investment for your funds they are complete. A Third of a Century . Without a Loss In amounts of $250 and up. B. F. SAUL CO. Main 2100 925. 15th St. N.W. 1,640 ACRE FLORIDA FARM Raleigh, Eevy County, West Central Florida, 90 miles south- west of Jacksonville. Two paved trunk line highways parallel tract. One mile from Seaboard and Atlantic Coast Line Railways. High land. No swamps. 8 more acres than Rock Creek Park. Seven hundred acres under cultivation. Soil classed as® Norfolk sandy loam. By intensive cultivation five truck crops could be raised, especially for early market. Heavy deposits of hard rock phosphate, ocala limestone and rock suitable for concrete. Large amount of timber suitable for all farm needs. Six lakes of various sizes full of fish. Property could be developed as town- site or country club or sub-divided into small farms. At recent All-Florida conference called by Governor Martin and at- tended by bankers and business men from all over the statc, it was stated that Florida needed several hundred thousand farmers to balance population. Roger Babson states that “more dairy farms, not golf courses are needed in Florida and that tne Winter play ground of the nation will find its wealth in future crops as market garden.”—Sunday Star, May 15, 1926. Milk has recently been shipped all the way from Wisconsin to Miami. By careful management this farm should yield $25000 per year in clear profits. Everything grown can be ‘sold on the spot at high prices. Property must be sold to scttle an estate. REFERENCES— D. D. Upchurch, Vice President Atlantic National Bank, Jacksonville, Florida. E. W. Grove, Capitalist, St. Louis, or Asheville. H. H. Richardson, Realtor, Jacksonville. For further information apply to— bert B. Barker, rfl owner, W. T. Barker, part owner, 2‘9.6 House Office_Bidg., 208 W. Ashley St., [ ‘Washington, D. C. Jacksonville, Florida. W. R. Barker, owner, 525 E. Adams, Ocala, Florida,