Evening Star Newspaper, August 10, 1926, Page 23

PINANCTAL. CHICKENS LOWER AN CENTER MARKET ©ther Poultry Unchanged 5-No Shift in Prices of Eqgs and Butter. 8pring chickens were cheaper to day. at 32 and 35 cents, but increased sup- Last week dealers quoted them | NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office There was plenty of substantially. Mexican Panuco for sale at and be- NEW YORK, August 10.—Opera- tions for the rise today received the sharpest setback they have experi- enced at any time during the present o | campaizn. Heavy offerings came upon | the Curb Market, carrying recent fa- low the 4 level. Reiter Foster was an exception, however, holding firm around recent top prices in recognl- tion of the recent favorable develop- ments at the property. A A report circulated in Wall street ! BY WILLIAM F. HEFFERNAN. | vorites ‘down sharply, with selling |early in the day that directors of Glen | particularly urgent in many direc. | Alden Coal at their meeting had de- tions. clared the regular quarterly $2.50 div- idend was later denied at the offices of the company at Scranton. Previ- ous to the denial Glen Alden was sell- ing at 172. Later the price dropped 4 points, but offerings were light. The remarkable recovery in De For- rest Radio kept on, carrying the price |, The sudden turn about of the price | tendency was a_reflection of the dis- | closures in the latest figures on brok- | ers' loans, made public after the close | of business last night. These showed that in the week ended July 28 local | borrowings had increased $86,000,000. z This showing and the subsequent |to 77, a new high on the move, where s e g in-|] 3 q . & v Dlles without o o OndIN ted | UYINg which has occurred in the va- | It compared with Jast week's Tow of e e Mot no change | TiOUS_ markets caused considerabls | 3%. The recent demand has accom- T e o ther poultiy reported. | CODCErn among the ~speculative ele- | panied tie report that other large White ot wenther has materially | M€t which hurried to throw. over | radio interests are negotiating for con- e turkexs, | Stocks ‘wherever this could be done | trol of De Forrest because of its valu- Senlems are Still offering them to a | Profitably or at little cost. able patents. e T e e ivers at 35 | Large blocks of oil shares changed | Warner Brothers Pictures resumed cents for live ones and 40 cents for dressed stock its upward movement at the outset, hands at fractionally declining prices, | but dropped well below the Monday and in some instances losses extend r s sractically no | €4 well over a point. Gulf Oil of | final when the general market became o :::':m bas P siontifoal e e | Pennsylvania at 841, compared with | weak. the past two weeks or more. An in Monday’s final of Standard of | The speclal operation in Durant e raation of cent in the | New York was offered freely well be. | Motors was abruptly suspended, the Nt York and (hicago markets ves | 10W 33 and Ohio and Humble dropped price dropping almost 2 points. | terday did not affect butter prices 13| Fruits and Vegetables. H 1 Todd thip ;" 4 Trans lux Pic A i the local market V YORK, August 10.—Following v E0s, Yals Froits and vegetables continue | al list of bonds and stocks 1% 1145 1148 plentiful and reasonable. —todaY's | traded in on the New York Curb Mar 15 1088 1083 prices being substantially the Same | ket today: he, 107 10 as those reported vesterday | sales in INDUSTRIA Stl 31 128 13 4 | hundreds. ga 78 TN e Today’s Wholesale Prices. | ™R Pick Bar vie ] ' Pann Wa P 487 148 148 3 1 Alum Co new 70 1 Phila 0 80 B0 1-pound prints, 46a 1 Am 3 Pratt & Lamb C. 57% 587 57 orely od, 28, 15 Am 'y Broet & Gam 17 80 a8l selected, 30: hennery. B ek 0 i ‘.3“,. §f?; rent receipts, 26T = Purity_Bal 3 b 3 Poul .1'|\'0~‘1‘u|‘11-\~ 35 Spring | 19 Rend_ Kard Bu n Ag;’: o 4“: . v : 2 i leo Mot . 2 2 2 broilers. 30a32: White Leghorns, B T i: %“':‘ '{L:‘d i is;’ :3; z:{‘ powAE. ® roosters. yon Prod ich Rad_p - 4 ¥ ,‘.,', “I»;, old. 16; keats, youn g pf 15 Rickenback Mo, 46" 41y 4% ng Eagiind Seating \te ', Roval Bak Po pf 1001 1003 100t R0 0. Dressed : ST vie wi B Seen Bros wi ... 2RI 278 C2R1, B 40: keats, youns, 90al.00: Superpow "4 K \é. % 18 old [ laaAm WRITRRP AL A1 Live stoc lves. choice, 111 me ‘Arundel (."” a1 a1 dtum. 9, thin hoze. heavy and b e R T bR B medium, 13; light. choice, 15: lambs. 17 A P bt ”g’t 4 Bai Katz_ vie . S 47 47Y <—Roef. 17a18: lamb, 28: veal, e 3 Stanisw Co new Y3y 8 dressed pork. heavy. 19; pork en Co SRR ;;;"u -"ily. 34 Western, 28a30; hams, AL 88 13 Swir & 'co 115 118 shoulders. 23a25: 76 Fex Guit S 3o, 4 ¢ < omp Rad vie 1 . frésh shoulders, & Timkon Axle .. 9 ari 119 Timion Axie ptd 9400 4l parl 8 ] 8 2 8 8 3 4 a i 2 i 79 5 5 8 5 Apples—Supplies liberal; _demand 0D G moderate, market steady; Maryland Cototex o 8, 1813 18y nd Virg bushel baskets. Olden- lotex o pfd s 1 1 an ginia. bushel e | Cent Pip Car. 21 1127 11 burgs Transparents, medium size. | E, o ] %18 16% mostly Lo Meis, e 13% 13w B aih ip dium to large s al. bl 2 2 S a8 Dham Cantaloupes—Supplies liberal: de- aan 40 ki E2% 8% mand moderate, markt fairly steady: 8i 83 . 0B, 08 > arolina, standards 36s and 458, S8 a8 o 187 4 green meats, 1.25a1.75; poorer. low us Sa3 8% MINING. oo ‘onsum.rs Co 53 Ty, 80ACM&MLW .08 08 08 Lettuce—Supplies libe demand BN Bakin By 73‘. ul»m:"t‘,_g;bocgfi 0f o7 ’“f., moderate, market. firm: New York T ll((:.:lzngllcu Mfl‘.in‘ll 13 l“, doz. crates, Big Boston type. .00, 10y “hief Cons Min 38 Western. supplies light; Colorado % e For RE 9% 8wl SSon ROy M o o o . Iceberg type. all sizes, 3.75. 7 g::-‘\ler Die C 18 3 Creason Gold 2% supplies very light. No 1 Dubiner &g 6l a8 EnEGOl Y sales reported " 5 677 Durant Mot i 103, 10 Firet ot Gop, Zgg Peaches—Supplies heavy: deman 10 Extingon ° Schi 5 a414 20 First. Tho't . G 1 moderate. k; Georgla. and A E BaE oot 1083 108k 1 oldn e o e North Carolina, askets El- 3 vest Inc Frd 20 Golden State . .. 03 hertas, large to vers large sizes, 1.504 B, Secure 10 BN tome S 1 i 1.75: few best . low as 1.00; e % % Kay "dRper'Cor' 1k medium size, 1.0 es Elbertas £rol Mot 9% b Maon Va0 by arge to very larme sizes, 1.25al. N';':;i&'alx'" 510 National Tir 20 bushel baskets, Belles. large xi ds 2 Xew Comel 238 mostly around 1.50; sixes Belles, me- rhan Co A § ewmant ozt dium to large sizes, 1.00a1.25 few or Mot Co Cai 3 Norand 110 i i her cox T heaten s zohio Copti1i L 09 Potatoes—Supplies limited: demand rank H H MG 0 ead Gold ¥y Neht, ket steady: New Jersey, alv Houst Bl 2 . Delmont. 2 2% 15016, sacks, Cobblers U. No. 1. Hoilx Bl vt 447 (d i Verde Ext T 2k 5 mostly around 3.85, few decayed low on Rk A" % Sales INDEPENDENT OIL STOCKS. s 3.00. Sales 1N NDEN s Watermelons—Supplies liberal: de S P R mand good for good stock. market "l Am Maracal Co. 83 0% firm for good stock. Carlot sales. 1 An Mg 8 ] Georgia and South Carolina, bulk, per e e S car. Txcells, 24.26 1b. average, 1° car 10 b Synd 18 143 185.30 30-1b. average, 225.00: Thurmond 21 Cit Serv new 423, 4215 % 832 Ih. average, 325.00; Tom “ Haph C. Stor S0t Serv bl BT MIR SIn Watsons, 1 car 24-1b. average, hnr::(,\‘ { Hpectiine o Y Sorv B ofe in i o e 5 it 3 3 Horn ardas 70 Columbia_Synd 2 getaENtED 00 Seth CATRYe Bl 44 Tnd Rayon Cor' A 34 Creole Synd" PEe L onders, 35-1b. average, 2ntern Tl B 21 Crown Cent Pete 2% y 2y 12 fohns-Manv i T Darby Pete. ... 2% B Eh erate, market weaker: hf\ll!efl;’?\\'n. /il ’nd'l'«\ Fla 5)‘:2";7“'})‘?“ '('olg !g:: :\: i;:‘ sacked, per dozen. sugar corn, 1f eh Pow nw 20 Gul o bl Cucumbers—Supplias Hght: home | 1T 1eh VA € ofi, HionsgnOlt - 28 o8, B grown. halfbushel hampers, 30a5. 1L oens s’ Gl 14 (ZLone suG o el 0% 3 Peas—Supplies light: demand mo« ae & For C mw 41 Mex on .. erate, market steady: New York, F Moo s o 18 Mount Prod 2% 4% bushel baskets, Telephones. 1.65a1.75; 1 Mot "Chain stor 3 Mowe cult 0 1E 1 7 i Db o Mid West' Ut ¢ Bracfer California, 45-1b. crates, 4.50. 3o ;{[,;}L I‘,O‘“» . i Ohg }{";‘x 1‘1""""' 1 1‘“:2 — - — - Mol ot pr1 io “Fuel “C 28 4 2 Moh Valley ‘nw, 10 Pandem * Of1 R 8 INSPECTIONS GAIN FAVOR. 1 Munieipal Sery 8 Peer Oil Corp_ .. .88 ° .58 e 5 ee Pow 0iih ank Ol | i ¥ .. TXat Leather 2k ( Reiter-Foster Ol 30 281, 759 Cars Examined at Shipping| =i Nat P & L 7e pf10i © 107 © 101 2 Roval C O & R .77_ .70 Maryland, [Ner Eun Se 8 1 % ) DSH G ped s andt gt i 7 BNat Pub Ser 6" 96 ! Sal rod . Point in Eastern Shore Maryland. | i i Gl 0t 39]%, BALTIMORE, August 10.—Ship- i Venozuelan Pet. oy 91 ping point inspection of produce of 1 Warner Quinlan. 28 i the farm has gained favor through 1w 0 & Gn out the State. The 759 cars inspected 1) Wosdies Pet ew during July for the stern Shore Bl Wiy Hj €hippers were more than half the to.| Gapitat Trac Salesin STANDARD OIL ISSUES tal inspections made in Maryland in | $1000 at 1044 . 1000 Anglo Amer i1, 178 % shington Riws. ST m O'non vi¢ the same month last year : National Mure. % Fovens” bADa"t ", | 100 Buckeve BOLYY 48 During the month a total of 610| Peoples Drug Store pfd—06 at 105 5 ai| 5300 Continent Oil 'n. i 5 100 Crescent P L.... cars of potatoes 48 cars of cucumbers, matoes and 3 cars of peaches were fnspected for 16 shippers at 14 ship ping points All of the inspections were made in the Eastern Shore section, includ ing the territory near Baston. Salls bury. FPocomoke, Snow Hill and Berlin. 2 | Amer Tel & Telea s i 1 o .| Amer_ Tel & Tefea 139 5 Railroad Loadings Increase. A, s ] Sperial Dispateh to The Star | Anacostia 5 BALTIMORE. Auzust 10.--The sea. | e 1021 board Afr Line loaded 185519 cars | Tel. of Va. es in during Julv, as compared with 1 e T s O e o nts Jd8% | durins Tt This is an Increase | Georetows 60 G Alum_ 7 new 10613 16612 over last vear of £.3 per cent | Potomac Elac. & Am Gas & EI 68101 © 1008} 1008, Eotomae ' Am S e 108 100, 1000 | Potol lon: o m 3eatin; s a 1061y Am Thead C s, 105 * 108 ° 108 st Am WW s A 05 031 08 10 Appal E) Pow b8 05% 051, 5!y . Asso G & E G 291, 083 09 105 A Sim Hard 8138 05% Rwy. & Elec. gen. s, 10: 1081 po T Sae Al 1o0ae MISCELLANEOUS S It Gen EY b & st t Farms Dairy 8% 2 it 3 = | BoC-jhaner Co, Mie ge. " e 19 e 62 4 FOREIGN EXCHANGE [ itpery g, Gie. it St S oy (Quotations furnished by W. B Hibbs & Co b [ 4 yritinan Park Hotel 534, 00 L Gone Tex 8s. Nominal Selline -hecks | osgTo & _ i i STOCKS. W Cor Am ¢ f Tontnmn Phenar 3 -can Tel & Telra fran a 1061, franc 134% 1 1344 amiboat g e S Potomac 104% % 1041 Wash. Rwy & 3 23 B Rwy. & Eiec bay mam maw 104% 1044 1938 National Capital 02y ‘a1 91 Columbia 3 ‘m" "l"gh 108 e . A GYTERC3 w3l BN i aaar oen D mara: & Mechanics 1Gr Trunk Gise. 108% 108% 108% =Ry ederal- American 1§10, Corp 51008 1008 Tood ; 203 ; : P T A 300 10 Int Ry C m ts 05 a5 DIVIDENDS. Nattonal ~Metropolitan 300 SInt GE NoeB wi pons n.'s:: %’Q Pe Paro St : @ Lehich “bow 4s. D4% 41 pear o Rate = T 2 LLiq Carb #s wi 70% 7988 7984 | The ¥ ALK Bank "ot “Washington 1L Win'r'cs 7e1078 1078 1678, | ¥ 18 TRUST COMPANY. | lEone v Leds’ |gi,~: 0i% 10288 | e o o can Securits & Trust ! oo, 00 08 o bt Q] 0 0 i | oot 1851 1053 o et i 1 AU Votional Sav) & Trust i 078 Tn7a 078 Tim Det Axie p a N et 22, L 084 0518 a1} . | Wikington Loan & Trust. 383 gt;z lm“ R GERMAN BONDS AND STOCKS. SAVINGS BANK 93h 104% 1033 | commerce & Savings 00 89 00 (Quoted 11 dollars per miiiign maris | aghweion, 30 gfi,‘ 28 35» : a V8 Co : Ger Gt (w 'm) 5s 101418 1180.00 122500 | reet 03 ° 1028 1027y Hambure 45 1910 8000 10000 | ates 087y 105% 1053 Quoted i aollars ner thousand marks ) | fingtan Mechanics il aai eghl er G e e Boe . ooy amel FIRE INSURANCE, g e Benia ks pre-war 200} i o9y 2033 oo Hamb 32 Siae & 48 prew 380 | - ERIRL T I i 32901 taity 4 05% 951y ’r’»’g;, 18.301 TITLE INSURANCE o1 1018 10ih e, . e 150 hia i 1 81 N8y 081, Te he pre-war 800 | tate ikle, 7 N7 : Pramkiors ast s pre-war 800 | UnaitosoliNd | 52 'S 9‘5 000 | MISCELLANEOUS g ;;i-lt [ G (Ger Ge Elec) 3800 | D. C. Paper pfd.. . 1i6 ] 14 B e R Back 3700 | Federal Storare o . 1 ie L St o Disconto Gells~haft B8.00 | ferchants. Trans. & Stor. pfd 1 103, 10 lgz' l} Peiiache Bane PR (R e i it [armetasdter 500 | Peoples Drue Stores nfd . 1 1931 101, 1ol am S TN 110/ rintion Morowoe a1 {ohi Jors o i X 170 | Wathineton Market... 5 s dete iy Sertiner Baudels.... 500 L dividend 101% 101% 85 cars of apples, 13 cars of to 20 Cumberiand 50 Gal sig O1l. o 4400 Humble 0Nl & K. l-(l‘:,};ll k‘OLf Ghan 1 o 6000 Inter Pot ¢ Lud 1S o st o BEEAEEISEEIIERREETEREERTS AFTER CALL Mergenthaler Linotype— at 107 Capital Traction Co 10 gt 104 Money—Call loans 5 and 6 ver cent FEEE F Bid and Asked Prices. 1000 Ohio Off ;o . a3t l‘lvt_lg rairie (;,hG new é:’ BONDS. za0 prafrie B L. 135 st 1 5 3y 3 = | PUBLIC UTILITY | Bid. P THE EVENING STAR, WASHINGTON, LITTLE HOPE SEEN [SELLING CONTINUES OF BIG WOOL RISt Industry Carrying “Oregon| Boot” on Each Leg in Pas- saic and British Strikes. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, August 10.—Any stimulus which comes from the open- ing of some of the fancy Spring lines of the American Woolen Co. and other woolen manufacturers in the next few days will not suffice to spur wool prices beyond their pres- ent slow but steady rate of advance. That is the opinion of the most cor. servative authorities in the waol and textile industries. The wool industry is carrying an Oregon boot on each leg. One is the Passalc woolen mill strike and the other is the English coal strike. The Passaic mills are factors in the wool trade of considerable importance. The mills are working, but under unfor- tunate and cramped conditions. Some of them make highly specialized prod- ucts and the garment trade is loath to jeopardize future business by mak- ing heavy orders which mills may not be able to fill. Effects of British Strike. The London and Liverpool markets, which deal so extensively in Ameri can, Australian and Argentine wools, naturally are affected by the British coal strike. That struggle has cut down home consumption, has ham- pered mill operation and has an ad- verse psychological effect on the whole business situation of Great Britain. A further factor in the situation lies in the fact that increased breed- ing has shown that wool supplies will be adequate for world needs. This is shown in the prices for lambs now ob- tatning in the live stock markets, which are well under those for the corresponding period of last year. That fs the dark side of the picture, which lights up considerably. when viewed from other angles. Prices for Spring fabrics arc extremely likely to bhe most attractive to garment manufacturers. Orders for Spring lines are not ex pacted to be remarkably heavy, for while manufacturers, distributors and retaflers are well convinced of the continuation of prosperity for some time to come, they are never sure of what may happen six months ahead. Reorders are likely to be sufficiently heavy in consequence to keep the mills’ buving raw staple steadily, al- though in small lots and running at a finer rate of production. Tmprovement Expected. Improvement in the British strike situation Is confidently anticipated. The Passalc strike is nearer a set- tlement than at any time in its long- drawn-out existence. But it is impos- sible to view the Passaic situation and not realize that for months there will be room in the mills for only 20 to 25 per cent of the workers now out Some of the latter confidently expect that the workers who did not go out or were brought in to fill strikers’ places will be discharged to make room for old employes. Any hope to that effect is a forlorn one. The ranges have been in good con- dition in most of the breeding sec. tions of the West. Clips have been heavy, and while prices have been low many growers were able to mar. ket advantageously, and little 1926 wool remains in first hands. Prices are moving slowly but steadly to stronger positions. The mills prob. ably will be well engaged during th month and September and October, aided by the fillip which fashion has given to woolen goods requirements. The Wool Council of America, now in process of formation, may serve to do much to straighten out the jumbled woolen_textile situation, but while it may determine and announce just what {8 wrong with the woolen in- dustry. Tt is like a law without an enacting clause. It can only advise, and no successful method of induc- ing human beings to take good advice in large medicinal quantities has yet been developed. STORES' SALES BIG IN BOSTON. Special Dispatch to The S BOSTON. August 10.—Judging from the sales of Boston department stores g0 far this vear, New England pur- chasing power not slipping back ward. Sales so far for all New Eng land have been well ahead of those of last year, and since June 15 the Boston stores have been doing a 10 per cent greater business. CANADIAN BUILDING ACTIVE. Special Diapatch to The Star. OTTAWA, August 10.—The activity in buflding in Canada since January 1 has raised the total amount of con struction at the rate of $10,000,000 a month over the 1925 totals. Much of this gain has been due to the extraor- | dinary activity in western Canadian cities such as Winnipeg, Vancouver, Reglna, Calgary, Edmonton and Sas. katoon. PRICES FIRM ON BOURSE. PARIS, August 10 (®) firm on the Bourse today. Three per cent rentes, 50 francs 65 centimes. Exchanga on london, 171 francs. Five per cent loan, 52 franes. The dollar was quoted at 35 francs 12 centimes. Prices were POTATO MARKET STRONGER. CHICAGO, August 10 (®).—Pota toes—Recelpts, 72 cars; total United States ehipments, 402; on track, 181 | demand and trading moderate, mar. ket slightly stronger: Kansas and Missouri sacked Irish cobblers, 2.00a 2.15; Minnesota sacked, early Ohio, few sales, 1.65a1.70. TELEPHONE SALE ;PPROVED‘ The Interstate Commerce Commis- sion by vesterday approved acquisition the Bell Telephone Co. of Penn- ville Telephone Co. PSCEE ] e Zoennsnn P 2 Webstar Mil Algs 0315 West D1 88 G... 1001 FOREIGN BONDS Antloqua 7 g Raden 7 nity 2 Ruenns ‘A 24 38 Buenos A 23 50 Brazil Clae . .. 901, 8 Caldas Tian 281, 12 Denmark “3laa. | 908 37 Free S Bav 6lgs. f41) 3 Ger Con Mun 7s. 87 10Gt Con El 6la8. A7 10 Ramburz E 78 101Ind M B Fin| 4 Tlsedor St1 7 R 5 Leonhd 00 LNCR Chite 4 ni 0, SP S 038 038 & ik js s a7 Sx 6 ATy 28 Ty a1 2 On 05 04y 183 Tn 71 PR 3T 2z gan 6w, 881 884 | March, 16.78; May, 16.98. AUGUST 10, 1926. h«mey to Loan i) deed of trust on S aiiing tniercst and mm@? Joseph I. Weller 20 Wou LOANS ! JSINESS PROPERTY 51/2% | CE LOANS AT LOW RATES FRED T. NESBIT 1010 Vermont Avenue N.W. Main 9302 D. C. TUESDAY, INGOTTON MARKET Most of Yesterday's Late Rally Lost During Early Tradinn Today. | By the Associated Press. NEW YORK, August 1 ton futures ‘opened AS 16.60: December, 1 January, 1 We will gladly receive and give prompt attention to applications for Loans on Washington Real Estate at the opening today. Liverpool was Current rates of inter- lower than due under further selling ; S : [inspired by _ Sesterday's Government ||| est. Should you have ). —Cot- There was a renewal of vesterday's | selling movement in the cotton market Money to Invest —we can also take care of you. Our experience, ex- il tending over a period.of Thirty-Five Years -—insures your protection. crop report and local selling was en- ouraged by a favorable view of the her map and expectations of a | favorable weekly review from the Weather Bureau. Opening Is Easy. The opening was eas of 1 at a decline | to 15 points. and all but 6 or 7} points of yesterday's late rally were (Il Py H. Russell C lost during the first few minutes, with ercy I. Se 0. October selling off to 16. ary to 16.54. Considerable trade pricing was reported at the decline, however, while there was also more or less covering on reiterated reports that high temperatures were causing the crop to shed in the Southwest, and the market showed railies of 4 or 5 points from the lowest at the end of the first half hour. | The trade buyving to fix prices con- tinued during the middle of the morn- ing and was regarded by some as in- dicating that foreign spinners were taking a less bearish view of the of- ficlal crop figures than reflected by the action of yesterday's market. This “ombined with the unfavorable aver ge of private crop advices from the ith, caused more or less covering and the market was more active and firmer at midday with October sell ing at 16.78, and January at 16.80, or about 5 to 10 points net higher. New Orleans Market. NEW ORLEANS, August 10 (@), and Janu- 926 15th St. N.W. Metropolitan Life Insurance Company Il Real Estate Loans —in the District of Co- | lumbia, nearby Mary- ! land and Virginia | i I Cotton futures opened steady: Octo- ||} ENER BRO f ber, 16.46: December, 16.44: Januar A) 16.39 hid; Marah, 1651 bid. May. 16.64 REALTORS The cdtton mirket opened easy to ; f day in sympathy with lower Liver pool cables than due. First trades 809 15th St. N.W. showed losses of 7 to 12 prices continued to ease off after the start until October traded down to 16.46 and December to 16.8 15 points on both months helow yester- day’s close. Toward the end of the | however, prospects for un- points and Phone Main 9486 first hour settled weuther and showers in the belt caused covering and prices ral lied to 16.62 for October and 16.52 for December. Have You Been Stung Yet? Some men have to get stung good and hard before they learn to be cau tious in making investments. Before you inv investi L Real Estate Loans FINANCIAL. A Third of a_Century's Experience Apartment House Neetls —have been a study with us for over a third of a century. The manage- ment methods we employ today for vour profit are based on that successful experience. Phone for facts: we'll answer with action. B. F. SAUL CO. Main 2100 925 13th 'St N.\W. RANDALL H. Maryland—Virginia District of Columbia The Capital Realty Co., Inc. Insurance Bldg. Stocks &Bonds Mehiman & Co. 1319 F S¢t-N'W- MBEZ “FIRST MORTGAGES FOR SALE 6Y2% THE TYPE OF SECURITY CONSERVAT) INVESTORS BU In denominations of $250, $500, $750, $1,000 and upwards, se- cured on improved real estate situated in the District of Columbia. JAMES F. SHEA 643 Louisiana Ave. NW. 17th and Eye Sts. Suites arranged to sult any business, _at eceptionally moderate rentals. Rooms. $50 each. foot rate us low us per_foo One ground floor «vailable. $200 month. nare 1.56 store The Nucleus of All Fortunes Is Saved Money HE purchase of our First Mortgage Securities through our Partial Payment Plan has provided a means whereby people who are dependent on a salary can each month save a small amount toward the purchase of a proven gilt-edged investment. Improved Real Estate, the medium securing each First Mortgage Note, is doubly safe, since it is located in the Capital City of the United States. Annual Return 62 % Mortgage Investment Department EVERY DOLLAR THAT HAS BECOME DUE ON FIRST MORTGAGE BUILDING BONDS SOLD BY US HAS BEEN PAID TO EVERY INVESTOR I . Rules for Safe Investment Investors have come to realize that the safe investment of money is a question of following definite principles or rules. Our new book, “Rules for Safe Investment”, is a recognized guide in the selection of safe invest- ments. A copy will be mailed free and without obligation to you. Send for this valuable book of rules. Familiarize yourself with its contents. Write for Circular BN-1 AMERICAN BoND & MorrcaceCa. | Established 1904 Incorporated AN OLD RESPONSIBLE HOUSE | Capital and Surplus over $8,500,000 il 211-212 Transportation Buslding SOUTHERN BUILDING - - - 1412 K STREET NORTHWEST - - 17th and H Streets N.W., Washington, D. C. 1‘ | Telephone Main 5§34 ] Chicage New York Cleveland Detroit Boston Philadeiphia | u and over thirty other cities The New York Life Insurance Co. Offers to Make First Mortgage Loans On Improved Real Etate in the Dis- trict of Columbia and Nearby Suburbs i Montgomery County, Maryland FOR 3, 5 OR 10 YEAR PERIODS Honses ON APPROVED SECURITY Apply g HAGNER & GCOMPANY MORTGAGE LOAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Apartments Office Buildings Building for the Future TO build for yourself a future that will be free from financial struggles requires keen judgment in the selection of your investment securities. Not only must they bear a high factor of safety but they must be liberal in the returns they yield. The Federal Security & Mortgage Company deals in conservative mortgages, secured by improved, income-producing real estate, and the constant turnover of the capital assures a very attractive return to the investor. The cumulative preferred stock bears an im- mediate return of 8Y;, payable quarterly. The dividends are free from the normal Fed- eral income tax and the stock is free from the D. C. intangible tax. These securities may be purchased on an attractive partial payment plan. 10 Shares 89, Cumulative) Preferred $10 par value . . 10 Shares Common, no pax"g $125.00 value. J i i C. E. MORAN & CO. INVESTMENTS Telephones: Main 3628 - 3629 Fiscal Agents for FEDERAL SECURITY & MORTGAGE COMPANY WASHINGTON, D. C. Tax Refund Bonds for Washington Investors NCLUDED in our current offerings of First Mortgage Bonds are two issues which are particularly desirable for in- vestors who pay Federal income and District of Columbia taxes. ‘These issues pay 612 and 634%, and in addition provide for the refund of the normal Federal income tax up to 2% and the District of Columbia 5 mills tax. We also have issues which pay 634¢; and 7% without the tax refund features. Each issue of Smith Bonds is strongly se- cured by modern, income-producing city property, and protected by safeguards that have resulted in our record of no loss to any investor in 53 years. Denominations: $1,000, $500, $100 Maturities: 2 years to 10 years NO LOSS TO ANY INVESTOR N 53 YEARS Send your name and address on the form below for descriptive circulars, and for our booklets, “Fifty-three Years of Proven Safety’”” and “How to Build an Independent Income.” THE F. H.SMITH Co. Founded 1873 MITH BUILDING: Washington, D.C.-~Main 6464, PHILADELPHIA BUFFALO ALBANY Address