Evening Star Newspaper, July 16, 1926, Page 25

¥ a [ VEATHR S ADNG! MEAT SALES HERE Recent Rains Beneficial to Nearby Crops—Poultry Prices Are Unchanged. Cool weather has assisted in boost- ing meat sales, according to reports of dealers,’ sales of both fresh and smoked meats having increased the past - few 8. Sales along other lines also have increased, it is stated, suggesting the possihility of urn of some of the vacationists earller than was anticipated. 4 ‘Weather conditions also have had a good effect upon growing crops, Krow- ers state, this morning’s sun being welcomed in order to ripen tomatoes and other vegetables. Homegrown tomatoes are getting more plentitul | and cheaper, dealers report, and the vegetable from North Carolina and other States in that section soon will disappear from the local market. Poultry prices continue unchanged, ‘with the single exception of turkeys, price of the king fowl having slightly advanced, Fruits and vegetables con- tinue fairly plentiful and reasonable and butter and egg prices remain un- changed. b Today's Wholesale Prices. Butter—Fancy, 1-pound prints, 46a 47; tub, 45a46; store packed, 28; Eggs—Fresh, selected, 30; hennery, 30a31. Pouitry, alive—Turkeys, 38; Spring v Received by Private Wire BY WILLIAM F. HEFFERNAN. NEW' YORK, July 18.~The action of oil shares on the Curb Exchange today indicated that the liquidation which .had been in progress early in the week had been completed, at least for the time, being. Buying made its appearance around thé prevailing low | reserve level of prices and was sufficlently. ‘jlarge to give the market for this class of stocks a stronger appearance than it has had for some time past. The recent decline in Vicuum Oil has been carried far enough to attract new buying, and the price rallied al- most a point, when it changed hands just under 103. Humble gained more than a point to 61, while activity at slightly better prices in Gibson and Mexican Panuco among the low-price issues gave the impression that sell- ing orders which been overhang- NEW YORK CURB MARKET Direct to: The Star Office had absorbed and the way was now :‘:S‘t;:rrl‘nmmm of opera- tions for X : A slightly better demand appeared for Gillette Safety -Razor around 96, following publication. of the figures for the first six months operal showing net income of 3,674 after es for taxes, otc. against $5. 737,478 in the first half of 1925. Ha- zeltine Corporation stood out strongly among radlo r5%'{5, getting to a new high for the year around 22. American Rayon Products, following its 2-point decling of Thursday, encountered sup- port for a time, but reacted later In the day. The market for Consolidated Laundries apparently ‘had discounted the recent favorable dividend action and was supplied below the 25 level. Trading in the afternoon contin quiet, with the stockticker at a stand. still at intervals, showing lack of pub- ing the market for these two issues!lic pnrtzlpatlon. les in undreds. b 40 A 2 Am Am Am INDUSTRIALS, 5 2 FEREFREF SRR Q oy 3 = 2 o zeents oul » 0300013 D! 2% S333-E5ER5 X! FERRE RRE F& PEREE - srtoms D ma PEEE R EERE DI e S B i 2Za RRR SR 254 sl 254518543 broflers, 38a45; White Leghorns, 35a 36; fowls, 30; roosters, 22; ducks, young, 20; old, 16; keats, young, 70a old, 86a40. Dressed—Turkeys, 40; brollers, 40a45; keats, young, 90a 1.00; old, 40a50. Live stock—yCalves, choice, 11; me- dlum, 9 thin, 6a7; hogs, heavy and medium, 133%; light, choice, 15; hfll}bl. 3. % feate—plet, 17a18; Iamb. 30; Jeal. i Kk, heavy, 19: porl ns, e astorn: 30a37; hams, B2aBd; fresh hams, - 32a34; fresh shoulders, 25. Fruit and Vegetable Review. Today’s market report on fruits and venllil:n (compiled by the Market News Service Bureau of Agricultural e wupgiies liberal; demand les—Supplies .1333' market quil; bushel basket, Vir- * ginia, varlous varieties, small to medium size, 75a1.00; large size, few gales, 1.25. taloupes—Supplies liberal; mand moderate, market stead: zona, salmon tints, standards 45s, 3.50 84.00; ripe, 3.00a3.50; flats, 12s and 15s, ats, 12s and 16s, 1.50a1.65; poor- er, 1.00; jumbo flats g South Carolina, salmon tints, stand- al 27s and 36s, 2.50a3.00; North Carolina, ;res:)l meltfi flats, 12s and §s, green, 1.00. » 1 ertuceSupplies _liberal; ~demand ' slow, market dull; New York, 2 doz. grates big Boston type, 75al. Onfons—Supplies ~ light; light; market dull; Texas, crates Yellow Bermudas, U. 8., No. 1, 2.00. . Peaches—Supplies liberal; demand . slow, market dull; Georgia 6s, Hileys, medium to large sizes, 1.50a2.00; bush- el basket, medium to large size, ‘1.50a 1.75, few best 2.00; overripe ‘wasty, 75a 1.0 demand bushel basket, Carmans, medium size, 1.00a1.25; Bs, overripe, wasty, r condition, medium size, 50a1.00; ushel basket, Belles, small to me- dlum sizes, 75a1.50. Potato Market Steady. / Potatoes—Supplies liberal; demand moderate, market steady; North Caro- lina, cloth-top stave barrels, Cobblers, A No. 1, 8.50; poor condition, wasty, 2.50a3.00. ‘Watermelons—Supplies liberal; -de- mand moderate, market steady; car lot sales—Florida, Georgla and South Carolina, bulk, per car, Tom Watson: 28-30-pound average, 250.00a275.00; 3: 300,00a350.00; bulk, pound average, 0.00265.00. Corn—S8upplies liberal; demand slow, market dull; North Carolina, crates, best, 1.50al. poorer, 1.00a1.25. Lima beans—Supplies light; demand moderate, market steady; North Caro- lina, bushel hampers, best, 3.00a3.50; fair quality, 2.00a2.50. Cucumbers—Subplies liberal; de- mand slow, market dull; North Caro- lina, bushel hampers, fancy, very few sales, 1.50; Virginia, hotbed stock, ‘bushel hampers, fancy, 76a1.50. Peppers—Supplies light; demand moderate, market steady; North Caro- lina, bushel hampers, medium to large size, 1.75a2.50. PLAN CONCENTRATION OF COTTON AT NEW YORK . Exchange Members 0. X. Bayway 3 a Terminal Project-—Development 'Will Cost About $5,000,000. By the Associated Press. > NEW YORK, July 16.—Members of the New York Cotton Exchange yes- terday authorized the board of man- agers to execute a contract with the _Bayway Terminal which will set in motion plams for a development ex- pected to make New York one of the lest cotton concentration ports in country. ‘The plans call for an expenditure of about $5,000,000 for plant development at Elizabeth, J., on the Staten Island Sound, where the Bayway Terniinal now has extensive ware- house facilities. The nevelomneg; is Terminal has facilities for hahdling and etoring 60,000 s of cotton. Under the contract fo be megotiated with ‘the New York Cotton Exchange, thege facilities will be increased to 100,000 bales within six months, and to 200,000 bales by October 1, 1927. COTTON GOODS ACTIVE. NEW YORK, July 16 (Special).— ‘The cotton goods market took on more sotivity today, with print cloth quota- -tions ~gaining 1 at 8% for 68x72s. The 64x60s were unchanged at T%. The raw silk market was quiet. BANK CLEARINGS. NEW YORK, July 16 ().—New York bank clearings, $1,079,000,000; New York balances, $95,000,000; Néw “York eral Reserve Bank credits, 89,000,000; Boston bank clearings, 2,000,000, REC .16 (#).—The J. chaln restaurants, +in the first half fit of $777,952, a of ‘with lmlnnl 5: $608,271 in the increased to $7, 10 25 = Nin B T 63 Commnw PE e 30% 78 Commnw wi 7 Consol G Balt n -9 Consol Laund . 21 Continen Hak B! § fontl Bux nta 2 el Prod A ew 8 Conrdaulds, TAd 62 De For B C vie 1 Dnkler A ww 5 Doehler Dl € 0. 4 B o nrant Motor h\l‘l‘n Av Sl Sh pf . 0 Sne & Bumb 153 .. 20% 20,9 Bz D 13 B3RS RIREERRANER By agioomom Bk 30w S S =59 £35, s * B e — & PEERFRR FRRIE & BER SRR 1 Eitingon 138355 13832 e - o110 D 3 aeis Du 3t EE D oo mn S !flgggv s s B sl ana I e R 2 _o indioe FE3a8a R IR IS EE e & F & Ea R385, 80555280 oo 3. 20 > 22 O sEEEEee Bb L 2 ISDOBD S %! - , Srome Fars R R, P B8 2! 52 kg ; £ s Do ioniiias S iom: . - st 9113 > 3 T i 2227222 72 o i) b?g ARG SSERTER o o B OER RAER R SRR ] g - B AR RERE STt B IR REFE 73, g3 3 Gu" w N L 233808 GsrEneesen s 103, 388! * emBanhn oz e e 3 1200030 D=3 = o 5 2, g PR 22 FEEEEE 2 G - 2! Z i3 52, WPPI0, oo RS ERERR34E FARR AR W2 R R 3 ] 1n B0 1 & - S s w035 ,mmu EEE o= #F E?EE,. e weas EE P 1 o o -t £EL 5 3 b B 3 i 3 - * - ns Lux Pic imbull_Sti n St EFEL i S HD1 £ 0 o t 2 l AL 0 e 11 e S DS PERREE # FRE R R ISEREFRE R SRR REERR 9 S e e O B SR o _ Segasd il .. e S8 s D! > CiTIaIc o ° (o ® & r o s Bt B o3 SR S c S D S e SR Swis D@0 it 1 onflfin‘“Oo'fi . Bales oy g g 18 Am M. ibo 6 é 18 e Y ) 1w ERnZ e e 852 Bl BERE! FER TR SR Rt B VS aER £ . R Lnohis bt 19 b oSt Ealiut PR i8Rl < 2 o RN R 2y o0l 29 S zeattins S e FeF SRR iges e STANDARD OIL ISSUES. inglo Am g i LI »u"s ¥ 3 ol .. 178 ¥ LIRS O 1 R F FARRE R R o 4 H 0 4 & 332383823333 - 4 323335353533 32003383! R RIPE FFE CR ; 33338333332323323332 FRE RRFR FREFPRR PEPREFES 3333753 FRE FRIPRIER BFFFEER 333 223 33%: FRE 'Sp" > 2 2 ® oy 323> PERRRR BF RERR SPRE FRES FEF a- a3 it o) 23323333333333322:33 FEE FRERREERE @ & ERARRPRRA (e o 3333333332338 PPy £ z Eooizssd s 2! > S233335233323532552 3z s S-Gae! 2% 33 35533 EEEELE RV 225 gb ag=E 2232 $33222222223333333 S5 EE % "0 52322222223233332 2 i P F > 2. EEEECEErERTE FRE FERR FRER FRE FERE FRP 33 atnann ) ) RN EE 753! ooy - (Pt e SO PER] - 3 322 RRER FRR RRER £ svesy s 592777 (L 332333832333253338 2: %: B SREIFRE FRRE R R 8235332235 2225332285anz20enz2 0500 RREERER B FFFRE FEFE &8 FRREE, R FRREEEFFER R FIFER FEF FR TSR $223332325353333223852vzessss oriotncaans 108 RERBBE oot e ™ » @ TRUST CHARGE DENIED. NEW YORK, July 16 (#).—Michael W. Mitchell, Joseph Wall and John Cronin, labor leaders, yesterday plead- ed not guilty to an indictment charg- Ing violation of the anti-trust law and conspiracy to prevent shipment into the metropolitan area of cast stone ‘manufactured elsewhere. & " Alderman Willlamh J. McGeory of Yonkers, N. Y., and Thomas O'Leary, named in the indictment, made special pleas at bar. They contended they had been rendered immune to prose- cution by reason. of testimony they gave before ‘the special grand jury that ‘investigated the alleged con- g)lmy and violation of the anti-trust W, All were released in bail of $3,000 AUTQ REGISTRATIOR. . BOSTON, July 16.—Despite the clamor about New England - slipping and about industrial depression in this sectfon, autbmobile registrations in this State for the first six months of the vear have broken all records with 604,609 passenger cars and 96,276 ::Ickld. Fewer motor cycles were reg- ered. BUILDING ATLANTA, ' July INCREASES. 18 (Special).— year $48,600,000 as compared with approxi- mately $36,000,000 for the correspond. ing period of 1925. TAL MARKET, NEW YORK, July 16 (#). dull; electrolytic, 63.25; futures, 62.87, o prices un¢hanged. Lead steady; spot, 8.50. Zinc easy: East St. Louis spot :m‘lmfulum. 750, Antimon 4.00. CALL MONEY EASIER. NEW YORK, July 16 (®.—Call money easier; high, low, 4; ruling rate, 4%; closing bid, 4; time loans firmer; mixed collateral, 6090 days, 4%; 4-6 months, 4%; mercan- tiie paper, 3%a4. B 'POTATO MARKET WEAK. CHICAGO, July 18 (P).—Potatoes— Carol 3.76; Virginia, 4.0004.26. 'TREASURY CERTIFICATES. ' (Quotations mmmu;}u' Redm barrel, Irish Cobbl ued { once did. . rum m iten | Crops Are More Diversified in South, However—Inseot Damage |s Great. . BY J. C. ROYLE. Spectal. Dispaich ‘4o The Star, g NEW ‘YORK, July 16.—King Cot- ton, like other crowned heads, does not occupy the important position it That fact has done much to assure the prosperity of 'the entire Nation for “'3: next haif year, for diversification crops in the South is almost certaln to maintain the buying power of a great section that oncé was almost entirely dependent on that cn;?, 3 In view of the heavy acreage plant- ed and the prospects for a huge yield, some trade factors are going so far as ‘to predict 15-cent” cotton hefore the end of 1926. Fifteen-cent cotton In many sections is 3 or more cents a’ }xmnd under cost of production, t 18 now deemed likely that the &rr{'-:vuor as of July 31 will be ap- broxi ely 6, 000 bales, 2,61 000 bales hig! last season, Estimates tl year indicate a crop well over 15,000, 000 bales. In 1925 domestic consump- tion amounted to around 6,225,000 bales. Figuring 1926 takings for do. mestic mills on the sale basis—and ¢hey have been no higher so far this year than in 1926—that leaves over 15,000,000 bales to be absorbed by the remainder of the world. British Mills Crippled. The English mills have been badly erippled by the coal strike and their requirements are not expected to be up to the levels of previous years. ‘The situation, however, is not en- irely without its bright side. Certain grades of cotton goods are in fine demand. The lower for goods are calculated to stimulate demand and men with their fingers on the pulse of retall’ trade anticipate an excellent demand for cotton mill prod- ucts, Then, too, the quality of cotton will ‘have much to- do with tl amount the planter obtains for his crop. Experts rel;cé world require- ments at not than 18,700, bales, and bad weather might cut pro- duction .materially in the next few months. The two most ecritical months are just ahead and consider. able damage is being done by insect pests other than the boll' weevil. On the other hand, in Texas, where drought: held down production last year, there is adequate subsoil mols- ture. The South, notwithstanding the above situation, is adequately pre- pared ‘to meet conditions, Fewer farmers are totally dependent on cotton than ever before, and the other crops are yielding fine returns, with the exception of sugar in Louisiana. The tire trade is counted on to absorb a tremendous amount of tire cord fabric, and this will ald many mills, New England experts say that while a cotton spindleage of at least 800,000 is mow offered for sale or removal in New England, those plants with sufficlent capital reserve to- tide over present conditions will pay their way again become distinctly profitable enterprises, pro- vided dead wood is shaken out. Most of the mills offered for sale are from 10 to 40 years old and equipped with antiquated machinery. ot ex(‘,sllf ‘l:r‘l'hil:c year gl.fl not in lorni ::nmun. There are now about 67,000 ac planted to cotton, as :omp-nd ':fth 172,000 acres picked last year. Decline in raw wool prices, now at a knra;whvel than at any time in years, has reached & point where stiff e e shatyiy owered,suods to the sl Eyr:&?“mmod afor the Spring 1927 as he leading interests has been such 'w edlmlu:t" the bottom has been reached. This is spurring consumer interest. 1 Hines recently have sold more briskly and mill supplies are no means hw. On the other Australlan_production is estimated at 18,000,000 heavier than in 1923. The domestic clip is large and a consider- able portion still remains to be sold. Silk goods are moving & trifle bet- ter, but at prices distinctly out of line with the level of raw silk quotations. Manufacturers are hesitating to ac- cept large orders on the present basis of prices and costs. MO0DY’S REVIEW. NEW YORK, July 16 (#).—Moody's weekly review of financial conditions says the trade situation and the stock market are now about on a with each other. Gen what like 6 per cent above normal, compared with 133 per cent above last . December; and lkewise, stock prices are well aboye estimates of true values, but somewhat below of January and February. production is inc: and tion of the oll stocks appears not as strong as It ‘was. platRiE e SR some- Petroleum the posi- quite COMMODITY NEWS 'WIRED STAR FROM CHICAGO, Jily 16.—The prospec- tive cgfiqo otynllnoll s now Thated at 297,068,000 bushels, red with III.OIO.W&' :fi':h g 1926, The loweryyi orth i:gwmmmfimuw — tobaeco crop mu is expected last year. In 1925 growers, were unsa! in the ‘coast the e he | gtocks vajued, o LARGER CROP OF WHEAT FORECAST IN MARYLAND Corn and Hay Will Be Poor, J. 8. Dennee, Federal Statistician for the State, Says. - Special Dispatch to The Star. BALTIMORE, July 16.—A spectacu. lar fmprovement in condition of the Maryland wheat crop during th month caused an about 2,000} bushels in the 1926 esti: les, according to John 8. Dennee, ral crop statistician for the Mary- land district. Due to recent advancement in the 9,814,000 bushels, instead of slightly more than 500,000 ~ bushels—the. Gorn and oy bably will be orn crops poor this year, -eeordg\r: to Mr. Den-‘ nee.: A very short crop is likely, he announceéd,” Adverse weather condi: tions resulted in a r start for the crop, while much m has been done by cut worms. o Corn production of 19,840,000 bushels ! is estimated for Maryland this year, compared with a production last year of 25,660,000 Bushels. Dry and cool weather affected the maturing of hay and clover. Hay production is esti- mated at 390,000 tons, against 418,000 tons last year. —_—— STANDARD, NEW YORK, T0 RETIRE PREFERRED Calling of $200,000,000 Tesue to Be One of Biggest Opera- tions of Kind. Dy the Associated Press. 7 NEW YORK, July 16.—The Stand- ard Ofl Co. of New Jersey has decided to retire its $200,000,000 of 7 per cent cumulative preferred stock now out- standing, it was learned yesterday. To accomplish this the company must raise approximately $230,000,000, since the stock is callable at 115. This readjustment will represefit one of the greatest o jons of this kind in American Industrial history. It will Invol complete rearrangement of the basis of current market quotations, at upward of $1,- 000,000,000, and will call for a re-estab- lishment of dividend. Two plans are under consideration oy the company. One is the offering of new common shares to present stock- holders at $30 in the ratio of one new share for three now held, which plan would give “rights” to the present holders valued at about ,$3.50 each. ‘The other is the sale of an amount of convertible bonds equal in size to the present preferred stock issue, giving holders of these bends a&n opportunity of conversion as the common shares advance. Officlals said yesterday that the pre- ferred shares would be retired as soon as a plan for the general read/ustment of the capital structure could be formed on a basis that would har- monize with the views of the power- ful stockholding groups which control the company. Washington Stock Exchange % BALES. ' . 'fl'fi'u '?"P_oev.“ud’:?'ln'. et —5 at N’léflfl Bank—3 at 460. 2 at a0 o r’ Linotype—10 at 106%. 5 Al FTER Washington Rwy. & CALL. a2 Elec. 48—$2.000 at Bid and Asked Prices,’ BONDS. COTTONADVANCES ON WEATHER NEWS Low Temperatures in South and Insect Reports Are , ", Factors in Rise. By _the Associated Prom. NEW YORK, : July 16.—Cotton lutuuqb:pemd steady. October, 17.39; December, 17.4: January, 17.41; March, 17.5¢ ay, 17.76. The market showed renewed flrmness at the open- ing ‘today on continued buying by houses with Wall Street connections and other interests who appeared to be influenced by talk of low tempera- tures in the South and favorable weather for the spread of insects or boll weevil, First prices were 7 to 13 points higher and active months soon show- ed net gains of 20.to 26 points, October selling .at 17.54 and December at 17.51, or into new high ggund for the pres- ent movement. erings incréased around the 17%-cent. lével, and the market eased off 4 or 5 points from the best toward the end of the first hour under realizing and a little local selling on the weather, which showed less precipitation and higher tempera- turesin the Sou: § Realizing was prompted later by favorable weather forecasts, and prices =old off some 15 or 18 points from the best. There was enough buying, however, to steady the market at the decline, and at midday October was ruling around 17.42 and December 17.39, or 9 to 14 points net higher. . . New Orleans Quothtions. NEW ORLEANS, July 16 (®.— Cotton futures opened steady, Janu. 14; March, 17.28 bid: July, October, 17.18; December, 17.15. The market was firm today despite ensier cables than due. First trades showed gains of 7 to 12 points and the market continued to advance after the opening until October traded up 10 17,35, December to 17.28 and Janu- ary to 17.26, or 24 to 25 points above |, yesterday's close. The advance was attributed to the low temperatures in the belt and the report of insect activities. Near the end of the first hour the forecast for generally fair weather caused a slight tendency, to react, — e SUBSCRIPTION RIGHTS. NEW YORK, July, 16 (#).—Stock- holders of International Cement Cor- poration of record July 27 will be of- fered subscription rights to 62,500 shares of new common stock at $50 a share in the ratio of one share for each 8 outstanding. Rights to sub- scribe expire August 11. Proceeds of the sale will be used to finahce part of the company’s expansion program. The offering has. been underwritten. WESTERN ELECTRIC CO. NEW YORK, July 16 (P).—Business of the Western Electric. Co. in the first half of 1926 was substantially better than in the corresponding pe- riod last yvear,” sales amounting to $123,856,000, against $116,046,000. Or- ders aggregated $123,712,000, against $120,150,000, while orders on hand June 30 were $90,875,000, against $90,- 840,000 a year ago. lom;d"wflM deed txorm al estate Irst of t1 on_ret 3 vailing interest and commission. 420 Wash, L. & loseph 1. Weller 20 W L- & Trust Buck & Company —BROKFERS— Established. 1916 312 Evans Building 1420 N. Y. Ave. NW. - Tel. 7300 Direst Private Wires to New York - Gilt-Edge First Mortgage Notes 8 Available g In Amounts of $100 Up Secured © . . On Improved City Property Mostly Medium Priced . Homes, Safety and Service ¢ Our Motto ~with never a loss to a client of as much as a single penny, in either principal or interest. id for Booklet A ‘CHAS. D, SAGER WHEAT PRODUCTION. Prospective wheat production this year in. 12 countries, producing 63.5 per cent of all'wheat in the Northern Hemisphere last year exclusive of Russia and China, is placed by latest estimdtes at 1,807,000,000 bushels com- pared with 1,880,000,000 bushels la: pi e R R ved yeste: n n ic estimates from abroad. S — .. Your Banker Rnows, When in doubt about a security censvlt your banker. It is equally as much' his ‘interest as yours to protect your savings. You trust him with your -deposits—why not . trust him with your investment problems? We Will Loan at 53 %. Economie Conditions Tyler & Rutherford YLoan Correspondent of the Matual Benefit Life Ins. Co. Newark, N. J. 1018 Vermont Ave. M. 475 REAL ESTATE 1 ANY AMOUNT APARTMENT HOUSES BUSINESS PROI NCE LOANS RED T. If We Merely Found Apartment Tenants —and provided none of the many other services included in our Property Management—our’ serv- ice still would be worth while to you. But, in ad- dition, we attend to every detail of upkeep, janitor provision and rents. B. F. SAUL CO. Main 2100 925 15th St.f\',\’\'. Offers ' The New York Life Insurance Co. to Make First MOrtgage Loans On Im oved Real Estate in the Dis- trict of Columbia and Nearby Suburbs in Montgomery FOR 3, 5 OR 10 County, - Maryland YEAR PERIODS ON APPROVED SECURITY Apply RANDALL H. HAGNER & COMPANY, .MORTGAGE LoAN GORRESPONDENT 2 1321 Connecticut Avenue Recei Full —from your judiciously in Telephone Main 9700 ve the 672% “surplus funds vested in good First Mortgage Notes issucd and recommended by RO 1417 K Stre Equitable Co-Operative Blmg Ass’n -JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary Organized 1879 .$5,031,814.86 Surplus Subscriptions for the 91t | - A FEW YEARS . ~that’s most. Equitable each pay day—while you are able roll by you'll be independent—nof de- pendent. the Equitable. ! $S I PHE FOUNDED 1907 LPS et—Main 9300 46th YEAR COMPLETED .+.$1,352,749.93 ssue of Stock Being Received HENCE when you'll need money Save systematically in the to earn money. As years Think it over—then join 915 F Street Securities Speak Louder Than Words ARCO POLO convinced the Venetians of immense weaith of the Great Kahn only af? and he had slashed open his let 2all many golden coins! A folio of our First Mortgage Securities would be Bankers. equally convincing to Modern Hhen 6%%