Evening Star Newspaper, August 23, 1926, Page 23

FI) RAIN PLAYS HAVOC - WITH MANY CROPS, Nearby Tomatoes Particu-| larly Bagdly Damaged. Prices Reduced. Continued et havoe to growing vegetables by Maryland and Virginia District. It has been particularly gevere on tomatoes. and water-cgeked ones have had to be sold greatly reduced prices, top quality tomatoes bringing increased prices. Numerous housewives, taking ad- vantage of the reduced price of the affected vesetable, have started can- ning and making catsup and other relishes which tomatoes form fmporta factor. 2 Because of the wet condition of the ground. it is stated. neavhy farmers and truckers have found it fmpossible to harvest patatoes, dralers are depending largely shipped stock for supplies. RButter and Eggs Firm. Late potatoes will not he reads for dizzing for some tine, growers report. and late tomatoes should hegin to an pear in a few davs. possibly e in weather o wether has played in near and the I and upon shortly wditions mness of the butter < reportad. Due to s and bad ds leading to t is stated, there was 0 ous abs e of egg haulers over the wesk end, the slight <hortage keeping up prices. Cantaloupe supplies continu; and prices are chean. Wet weather has affected the quality of some near by stock, dea state, but there is pleanty good stock to wcet demand at prices reported low Today's Wholesale Prices. ints, and esg 1 the co condition of the State highw 1iheral 1-pound 46n packed Fresh selected. 32: nt receipts, 26128 “Turkevs. 35 Spring White Leghorns. 25a Rutter tub, s curt Poult hroilers, . hennery. :old, hroilers, old. d40a Live medium, 10a 1it and Vegetable Review. < market report on fruits and the Market Agricultural cholce, : tambs, 1 stock — Calves, To vegetables (compiled by ervice Bureau of ) says Supplies moderate: market steady and Virgin demand bushel Wolf medium rious varie Apples moderate, to large size small sl taloums d limited e and E Tints Supplies moderate market slightly stern Shore Imon and fambo " Firapes the marke Tettues “upplying supplies moder. mor New York mark Anzen crates, Big Boston mastly. 2.00; out of storase, 1 radn, market fairly steady berg type, all « Onjons- Supp! market dull; Massachus 100.pound s ws, T test mostly 2.50; some fair m type, best 0: Colo tes lee nd light nd Ohio. .. No. 1, condition, ach Market Unsettled. des Virginia ium =iz light led L med 1 - supplies maderate, market unse hushel baskets Islhert size. 2.7 . medtum 1o la mostly ripe size, Potatoes mand mod New Jer targe Relle hest Jersey, " eys, medium to \-pound sacks Cobblers, Virginta. East Shore, stave barrels Cobblers, U. . 5.00a Sweet potatoes mand maoderate Carolina, cloth-top st Tows, No 6.00a7.00, condition. \elans Supplies light: de market firm: North e barrels Yel according 1o zht no Supplies ket me he r corn, Supplies light: demand rket slightly sty rown, sacked. per dozen, su 25a35 Cucumbers GRAIN EXPORTS DROP. BALTIMORE, August 23 (Special). The Maritime Exchange report of grain exports last week show that 288.000 bushels were exported, 200,000 hushels below the last report v was represented hy 4.881 barrels inst 6.422 the p cek. Cop. exports totaled pounds No sales reported. EVERYMAN’S INVESTME Bond Ci Bond circulars offering generally incl capitaliz ihe show in sues of hon of stocks with the an; standing. It is easy position of t to other Attention will t the ds wi new if These are called prior est on the ne bond I after the c < on satisfied. The next amine the capltal coma after the new issue. Supposing them to be stocks, preferred and con: mon, it is desirable to know whether they pa¥ dividends. and if so what rate. Further light is thrown on the standing of the company by the mar of thes which new The larg tion the mo of th bonds ized amount of ti should be looked to. 1f ts a_closed one and no more bonds can be iss 1 under it the investor knows that will not have to share his equity with elsa at some fut time vears, however. it has con ustom, especially with public utilitie to do their cing <0-c: *npen mc 2 more bonds can tn unlimited an necessari an ob, tions nder bonds may Such restr for which funds can be 1 bhonds new issues <hould us s t kinds h out then to see the new fssue with regaid s of the company wed first to pad of the are any such. ens and inter payable only he others are thing is to ex- obligations that e sur th Next the new fssue the mortgage be soid a aised improvemenis income, tional new i more than 75 « ) new constru then not to be for nt of the cost of ti T ought less earninzs pi n all outstanding «ddition: wi wide marg ae and on 1 fssur th sufliciently a Temand | na | | | ! next to |t | | ‘, early | | | I \ | Ame: } Title & NANCIAL BY WILLIAM F. HEFFERNAN. NEW YORK, August 23.—A larger number of issues came in for atten- ‘linn at the start of the week on the curb exchange although no change in the character of trading was noted. It was still a highly profes- sional affair with the opposing ele- ments gaining a little advantage in either direction. The recent selling of the speculative industrials had strengthened the technical position of the market to an extent where covering operations were induced and these were reflected in a slightly higher price level, i eneral Motors new moved for- ward in svmpathy with the old stock on the big hoard crossing 140 in the afternoon for a gain of more than 3 points. Operations for the rise again made themselves felt in Du- rant Motors, but they were not as aggressive as they were last week. _The public utilities, in' view of their high rate of earnings and operation, NEW YORK, August 23.—Followins s 1 list of bonds and stocks wied in on the New York Curb Mar- kel today: Salesin hundreds. 1 Aliied Pack 1 Alum o nw ' Am ar 1Am FAm INDUSTRIALS. High 5 » Low. Clowe. nw " bt Rolhins M Seating pi Superpow "B ¢ ot Gas & AU Fruit 4 Bancitaly Cory J Brad Fireprix. . # Bridgeport - Mach Gin Ale n otex Co pid.. et Lie Cor. St i « Ine Do F v = Dubilier € & Rad Durant Motor Duz Co AT Dupont Del 7’ wi Atington Sehild. B & Sh n co El Tnvest Tne .. Fageal Mot Co. . Fed Purch B Fed Metals T ' Firesto T 7s 4 Eoundatn For / Acme Pack. . Grimes R & €1 2 Happiness C St A reules Powder nder & S A A ot Leh Val Sales i Mengel Box. .. 1 Mid West Ttil.. 1Mid W Unl bt 10 Mohask Hud P Mt Muni Mu Puh Ser r 0 Pow C. O &P R Nor St P C & 1 “ Purity” Bak i Purity_Bak B 1 Rand Kard Bur n o C 1 Stromb Carls Tel 2 Stutz Mot 5 1 Swedish Amn’ nw Imp € NG C STOC! 13 Washington Stock Exchange 331,000 at 1031, £ & T 05—3$1.000 at 0at 104, 20 at 104 2 at 104, 10 at 104 % 1087, 104 tor—1 abital Tra Y T t 104, 10 at at otype—10 Linotype—> AFTER CALL. Capital Tractlon 3s—$1.000 at 101. Money—Cail loans. 5 and 6 per cent, Bid and Asked Prices. BONDS. UTILITY. Tud, PUBLIC American Tel, & Telga. 4s.... Amer. Ter. & elgu 3580 & “Tel. et 5w 1 R R. 5. Kiiar. 5 ¥ 100 1005 88 0055 o it oy 10313 Capital’ Traction Uity & Subarban Awex otfs L Alex &ML \er & MV A Washington G Wash.. Rwy Wash. Rwy i6. genn. fs ANEOUS le Pot. Joint Stock Southiern Bl Wash Mt Wardman Pa STOCKS. PUBLIC UTILITY American Tel. & Telga. Capital _Tr S Washington was. . . A SrTolk & Wash. Sicamboat. oH: o Power int lec. com Clev. pid & Mechanics eral Amerd e Lincoln National ‘Metropolitan Riggs - A R0 Bank of Wash 1l National TRUST COMPAN rity & Trust A Continental Merchants National Chon T Wash. Loan & Commerce & Savings. fom ™ asninat Securipy s Seventh S Thited Stat | Washington Ui b TITLE INSURANCE. coinmbia T4 o Real Estate Ins 55 tonal e Tutie : Co. of Md. com MISCELLANEOUS S0 101 Sioraze. 113 & Stor. pfd. 10015 Linotype 108 & inv. f Stores bl Monotype Tity Storage, hinston ) Ex dividend. | proved on the Bourse today. THE EVENING STAR, WASHINGTON, NEW.YORK CURB MARKET Received by Private Wire Direct to The Star Office were looked upon with favor, and such issues as American Light and Traction and Mohawk and Hudson were up a half point to a point. The rise in Northern Ohio Power, which got under way last week was not |resumed. On the contrary, the mar: { ket for that stock felt the effect of profit-taking sales. Coal shares, under the lead of Glen Alden, which went into new high ground at 175, did better. true of Lehigh Valley Coal and Lehigh Coal certificates, The market for the itself, with special strength develop- ing in Hlumble Oil, which was bid up 2 points at one time. Standard of New York and many of the independ- ent issues were disposed to rally somewhat, although no change in the oil situation to account for the better tone. The best opinion was that in view of all the Federal developments which had taken place in the indus- try during the past year., the market for these stocks had far from discount- ed this improvement. 11 Cons Cop Mines Cop Range Cortez Sifver "* 24 Eng Gld M Ltd 1 810 Enreka Croeaus 0 pi It o i 18 Gold S 40 Golden S 110 Hawthorne 2 Heela Min [ Hollinger ay Conper 1 Korr ‘LCate .5 Mason ‘Val | 270 National ‘Tin New Cornelia N Y Hond Rosar 1 evada Cons ... Nipissing. oranda Ui Verde & 2018 Contl. 3 Wenden Cop. 20 West End Ext e INDEPENDENT OIL STOCK h“gflmwir\nz\'r OIL STOCKS. mer Ce 10 Am Maracaivo k Nai Gas. . ity » 25133, « « Columbia Synd. Creole Synd Darby 2 2 e SrEIT 22 W SRS PN ount Prod.. . W Qe Land: ¥ Qi 1 Nor Cent 10 Ohio Fuel 2 Red 3 Roy Sorp o Bank Oll.r? Con 0 & R 228 s SEESSIESESE; HRRIASS PR Cony . Salt Clk_Prod ! 1 Sherev EI D P 20 Tidal Osage O 10 Tide Water 0 2 Tide Wat Oil pf 4 Venezuela Pet. 1 Wile 0 00Y 0 33 Sales STANDARD OIL 200 Buckeyve P 1. 4 1400 Continent_ 01l nw 4200 Humble O & R.. 10MPL... ez 100 Southe 50 8'W | 40008 O Tl 2008 O Kansas 100S 0 'Kent 608 O Xeb_nw 46008 0 Ny 100 Vacuum Oil . Sales 1 P Pean P 1, o P& “u; 093, 2 Seating B8, 09 1Am Thread © numt,f 21 Am W W 6s A 07 14 Appal E Pow hs 9514 68 Asso 6310315 Tls 80 1110 3 Am ¢ 83 B 1081 Cor Am s 00 ke Pr P s A 1023 Refric ed Sug s Gateneau P 5s wi General Pot 6y 1ha A 5 Mont War PC 5 R Pe ¢ Cong € 1 X Stotos P 0 N gp SooorsT3o: I5Sa52538 FEA & i Pan Am Pet Fenn 0 Fd o 1 Pure 0i1 Co 6138 7 Servel Del 6. 16 Schuleo Tne §1 huite R Eet B 3 s X 14 Shawsheen 1 Sloss Sh 6s P. 2 Sou Cal Ed 5 ou Cal Ed 58 South P 1SONY 5 Suni "0l I Swift Rub 0158 Rub #1348 ‘34 101 S Rub 6135 40 101% FOREIGN BONDS. n thousands. 1And N C Bs ww 100 6 Antiogna s B.. 07 3232333332333 55552023 3 045 01 2 Ruenos A 7 ¥ Brazil 618 ? Caldas 71, e 28 . 10 Ger Cons M Great C El Hambuix F 510010 S0 1081 1017 101 % s, ool i L 3Tn St W 658 A 100 2Tn St W 6128 C. 100 5Westp U E G138 *Ex dividend 991} . 89 PRICES ON PARIS B;URSE‘ 1 PARIS. August 23 (®).—Prices im- Three per cent rentes. 49 francs 90 centimes: exchange on London, 172 francs 80 centimes: 5 per cent loan, 53 Nancs 60 centimes. The dollar was quoted at 35 francs 38 centimes. BT o OPENING NEW MILLS. NEW YORK, August 23 Youngstown Sheet and Tube week is expected to have under power at least half of its new tin mills at the Indiana Harbor plant in the Chi- cago district, consisting of 24 uni The others wiil be started about October 1. CANADIAN CAR LOADINGS. NEW YORK, Augus: 23 (#).—Car loadings on Canadian rallways in the | week anded August 14 were 358,339 . against 56657 the preceding | week and 51,879 for the same week last year. Receipts from connections | were 3 acainst 36.167 in ‘ha pre- ceding week and 33,325 in 19 BfiTTER Is i.OWEB. CHICAGO. August 23.—Butter low- | er: receipts. 11.741 tubs: creamery ex- tras. 39%; standards, 391; extra firsts, 3812m39; firsts, 36a371z; scconds, 33a35. This was | 1 oil shares gave a better account of | I i ) | this | | i i ! | i ! | | | I'be ver RECORD I AUTO PRODLETON SEE Increased Wealth, Better Roads and Two-Car Family Trend Factors. BY J. C. RO Special Dispatch to The Star. NEW YORK, August 23.—The auto- mobile industry this year promises to establish a new production record. Approximately 2,450,000 vehicles were turned out in the first half year. In past years approximately 48 per cent of the vear's sales have been made between January and June. If this proves true in 26, the year's total production should approach 5,000,000 units, exceeding the 1925 production by 650,000. Prof. Claire L. Griffin of the Uni- versity of Michigan School of Busi- ness Administration and a recognized authority on the automotive industry, estimates there will be 23,000,000 auto- moblles in the United States in 1930. He sees no indication of the approach of the saturation point for a consid- erable time, figuring that an output of approximately 4,000,000 cars a year is necessary to replace those worn out. Inereased Per Capita Wealth, Other features of the situation on which motor manufacturers in general feel able to count are the increased per capita wealth of the country, the widespread prosperity in nearly every section, the two-car family trend and the greatly increased miléage of good roads. The closed @ar has proved a vehicle of year-round necessity and the seasonai jumps, once so dreaded, have almost been eliminated by its popularit; A survey of conditions among man- ufacturers of automobile accessories indicates that the builders of motor cars are planning large scale opera- tions for the remainder of the year. “I don’t know where all the auto- mobile business is coming from,” said E. J. Kulas, president of the Otis Steel Co. and Midland Steel Products Co.. large manufacturers of automobile frames, today. “Our Midland plants, in Cleveland and Detroit, are running ahead of the 1925 rate, and 1 have shortened the vacations of our key men to meet the situation. Tt is im- possible to tell how long this will con- tinue, but I am very optimistic at present. White Sees No Let-Up. “The forecast heard some time ago that there would be a business letup has not come true,” said Walter C. White, president of the White Motor Co. of Cleveland. “There has been no let-up in the third quarter, which is more than half over, and it does not look as if there would be one. Satis factory conditions seem to exist in the motor truck and motor bus indus. tries.” With some of the leading manufac- turers of motor cars increasing sched- ules, business until next year should v good, according to J. O. Eaton, chairman of the board of the Eaton Axle and Spring Co. ““I helieve our business will continue as good or better in the last part of the vear as in the first six months," he said. We had a good July and a good August.” said J. A. Krider, secretary of the Thompson Products Co., makers of automobile valvés, with plants in Detroit and Cleveland. “While T do not think there is quite as much snap in the business now as in the Spring, we ave assured of a steady volume the remainder of the year Officials of the National Acme Co. and the Cleveland Automatic Machine Co.. which serve the automobile trade, report that demand for parts quick- ened in July and that prospects are bright. i PRICE TENDENCY STRONGER.| ¥ NEW YORJ, August 23 (#).—The price tendency in iron and steel scrap is reported to be slightly stronger in the Chicago district, with expectations in the trade of an advance in most grades this week. Dealers are said to be_inclined to hold out for 25 to 50 cents a ton ahove the prevailing levels | of $14 to §14.50 o ton for heavy melt- | ing steel. e | WOOL TRADE BROADER. | BOSTON, August 23 (Special.— Wooi trading appeared to be a little broader at the start of the week, with a slight increase in the movement of territory Sorts and some sizable quan- tities of Ohio medium fleeces selling. Domestics three-eighths blood wools are outstanding, although the general buying is hardly large. Prices remain firm at previus levels. E—— PLAN IS OPERATIVE. NEW YORK, August 23 (Special)— American Writing Paper Co. an- nounced today that the plan for re- organization, dated July 1, 1926, has been declared operative. RUBBER STEADY. NEW YORK, August 23 (Special).— Crude rubber, smoked ribbed sheets, remained unchanged at today’'s noon quotation of 40%. This compares with 41 a month ago and 83 a vear ago. COTTON GOODS STEADY. NEW YORK, August 23 (Special).— The cotton goods market started the week quietly at unchanged price lev- els. Print cloths were quoted at 733 for 64x60s and 813 for 683 silks_held steady. ompt Actio First Mortgagne Loans Lowest Rates of Interest and Commission | seven months this D. C. MONDAY, AUGUST 23, 1926. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY FORT WORTH, August 23.—The Texas peanut acreage is larger and the condition of the crop is better by several hundred cars than last vear. Factories here will handle more pea- nuts than last yvear unless a_drought intervenes before November 1. LAKEVIEW, Ma, August 23.—The Atlas Ply Wool Co. of Boston is now considering the purchase of the spool mill of the American Thread Co. here, which has been closed since last Fall. ™ ATLANTA, August 23.—Georgla having just disposed of the largest peach crop in the State's history is now preparing to increase canner capacity to take care of fruit which cannot be advantageously marketed fresh. -Co-operative marketing will be more strictly followed next year than in 1926. HELENA, Mont., August 23.—Corn prospects have been reduced because of lack of moisture, especially on non-irrigated Mohtana land. PORTLAND, Oreg.. August Unless the run of saimon improves in the Columbia River to a marketable degree, the pack will be so short that prorata filling of orders is anticipated. BALTIMORE TOBACCO RECEIPTS ARE LARGE Demand Continues Good for All Quality Kinds—Crop Indica- tion 26,826,000 Pounds. Special Dispatch to The Star. BALTIMORE, August 23 —Receints of Maryland leaf tobacco continues very large, 2,808 hogsheads being re- ceived last week against sales of 1.259 hogheads. The demand continues good for all quality tobaccos. With abundance of rain. the crop mnow is rapidly reaching maturity, and a few early plants have been cut. Tobacco in the fleld was appraised | at 83 per cent of normal on August 1. This indicates a crop possibility of 26,826,000 pounds. Production in 1925 was estimated at 24,690,000 and the average of harvests during the five preceding years is 21,442,000 pounds, In Prince Georges County tobacco- worm damage reported unusually ces for Maryland tobacco today per 100 pounds: Interior and frosted, firm leaf, 3.00 to 8.00: sound com: mon and greenish, 9.00 to 14.00; good common, 15.00 to 24.00; medium, 25.00 : Rood to fine red, 35.00 to 51.00; 00; second: common to medium, 6.00 to 20.00: seconds, good to fine, 2100 to 40,00: upper country, air cured, 7.00 to 35.00; ground leaves, nominal. SALES SHOW INCREASE. SW YORK, August P).—An of 1 per cent in sales of or- life insurance in the United States during July compared with the same month last vear is shown in sta- tistics of &1 companies compiled by the Life Insurance Sales Research Bureau of Hartford. The total was 02,129,000. A decline of 3 per cent as shown in the middle Atlantic States, including New York, Pennsyl- vania and New Jersey les for the vear were 4 per cent ahead of the same period of 1925. PRODUCTION DROPS. NEW YORK, August 23 (#).—A de- cline of 7,500 barrels daily in produc- tion of crude oil in California, in the week ended August 21, brought the drop for the last two weeks to 10,500 barrels, the lowest production since the week ended July 10. Last week'’s daily average was 610,000 barrels. 1. REPORT SENDS COTTON SOARING Crop Estimate and Ginning Figures Surprise—Both Are Bullish. By the Associated Press. NEW YORK, August 23.—Cotton prices soared $3.50 a bale in exciting trading on the New York Cotton Ex- change today, after publication of the Government crop report, which was a surprise both as to the crop estimate, being about half a million bales be- low expectations, and the ginning fig- ures. which reflected a very late crop. Buying orders poured in from all quar. ters, prices jumping quickly from 55 to points above Saturday’s final quotations, with a maximum gain of $3.50 a bale. ew Orleans Quotations. NEW ORLEANS, August 23 (#).— Cotton futures opened steady: OC: tober, 16.74: December, 16.68; January, 16.57; March, 16.80; May, 16.88 bid. The market opened steady today, despite lower cables than due, with first trades showing gains of 5 to 6 points. Prices gained a point on most months in the early trading, but soon .eased off under presgure of pre-bureau liquidation, October trading down to 16.62, December to 16.56 and January to 16.57, or 11 to 13 points under the opening figures. The market then became steadier, recovering 3 to 4 points. The Gov ernment report due this morning is expected to be beai . The Government report on the cot- ton crop condition proved a great surprise {o traders. the condition average of 635 and the indicated vield ot 15,248,000 bales being both smaller than expected. On the re- sumption of trading October shot up to 17.45, December also to 17.45 and January to 17.40, or 81 to 95 points up from the pre-bureau levels, an advance of $4 to $4.75 a bale. - BIG TRANSFORMERS IN. NEW YORIK. August 23 (#).—The Philadelphfa. Electric Co. recently in stalled in its Schuylkill station the largest self-cooled. single-phase trans- formers buflt to date. They were manufactured by the General Electric Co. at its Pittsfield. Mass., plant, and shipped assembled in their permanent tanks, immersed in dry oil, thus elim inating the usual drying proces Money to Loan Secured by first deed of trust on real estate Prevlmanlamt and commission, Joseph I. Weller 20 Wain- L &Trant We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street Sponsored by Successful Business and Financial Executives Successful investment tate the “blazing of a Profitable Inv necessi- stment need not Path.” It is simply a matter of following the advice and tactics” of already successful men. You will find that a large majority have a goodly portion of their financial surplus invested in First Mortgage Notes Annual Retuen 6!2% Dependable Cauging Safety HE safety of a security of the Thomas J. Fisher & Company,.Inc. kt 15th Street e Buszell Unlis Stocks &Bonds 6 CONSTRUCTION % LOANS D. C. and Montgomery Co. FRED T. NESBIT 1010 Vermont Ave. 9392 Stocks Bonds 0dd Lots Carried on Margin Buck & Company —BROKERS— ablished 1916 312 Evans Building 1420 N. Y. Ave. N.W. nonfluctuating type can well be gauged by the integrity of the house that offers it. A record of over fifty-seven years without loss to an investor attests the integrity of Swartzell, Rheem & Hensey Company. Our First Mortgages are secured by improved Washington properties. Coupled with such a noteworthy record of safety, they bear the lib- eral interest return of 61 %, pay- able semi-annually always on the day due. Swartzell Rheem &Hensey Co,, NMortgage Bankers 727-151h. Street. V., Washingion.DC. Tel. Franklin 7300 Direct Private Wires to New York 57 Years Without Loss to An Investor FINANC NEW DOCK TO OPEN. CLEVELAND, August 23.— The opening of the new 500-foot concrete dock near the mouth of ‘the Cuyahoga River this'week is expected to boost Cleveland's position as a lake port. The dock will serve as a connecting link between the boats and the Penn- sylvania Rallroad. Locomotive cranes, electric magnets, clamshell buckets and other equipment will facilitate the handling of all cargo except iron ore and coal. TAE: | Cities Service Company lleg herty ) 803 Wilkins Bldg. Main 6189 The New York Life Insurance Co. Offers to Make First Mortgage Loans On Improved Real trict of Columbia a in Montgomery County, FOR 3, 5 OR 10 R VX Etate in the Dis- nd Nearby Suburbs Maryland YEAR PERIODS Apartments Office Buildings ON APPROVED SECURITY Apply RANDALL H. HAGNER & COMPANY Incorporated. MORTGAGE LoanN 1321 Connecticut Avenue GORRESPONDENT Telephohe Mair 9700 i Prompt Loans May be arranged thru this or- ganization, on residences, apart- ment buildings or business prop- erties in Washington. We offer you the lowest prevailing rates! BOs 1417 K Street S B PHE FOUNDED 1907 LPS Main 9300 Equitable Co-Operative Building Ass'n JOHN JOY EDSON, President WALTER S. PRATT, Jr., Organized 1879 ...$5,136317.22 S Subscriptions for the 91st Is Assets ecrefary 46th YEAR COMPLETED urplus $1,406,495.76 sue of Stock Being Received R TH E VALUE OF SYSTEMATIC SAVING the the fact substantial Zquitable can readily be scen by that have acquired hundreds fortunes, built up home- steads and saved moncy for their ghil- dren’s high join with ¢t her education. Why not you hese happy systematic savers? You'll be thankful a few years hence. 9 SPECIAL DEPT. FOR LADIES SAFE DEPOSIT BOXES TRUST DEPT. strated capa give service TRAVELERS' || efficiency, u CHECKS & LETTERS OF CREDIT 3% COMPOUND INTEREST PAID ON SAVINGS ice of the po Nationa Metropolitan Bank 15 F Street Your Businéss B invitcdiby this bank on the basis of demon- city to of full nder all conditions. 8% Over a century in the erple. Organized in 1814 —112 Years Old 15th St., Opposite U. S. Treasury There tected i —aFc'SC A Third praised of a Century worth o Without a your pri Loss® century never a Main 2100 real estate. 6149 FIRST MORTGAGES property conservatively the value of our First gage on it. “SAFE ON LAND” is no safer, more pro- nvestment than spund Our cured by improved local ap- at approximately twice Mort- The established f that property protects ncipgl. Its steady pro- ductiveness assures vou inter- est regularity. For a third of a we have served, with loss to any investor. B. F. SAUL CO. 925 15th St. N.W.