Evening Star Newspaper, September 13, 1926, Page 25

CATION DECLNES ~ N DHORE SELLING Easy;- Cables and Better| Weather Factors in Drop | in Values Today. By thedAseqriated Press NEWEYORK. September 13.—Cot- tom futures opened easy: October, December. 17.00: January, 17.08. March, 17.32; May. 17 The market pened easy today at a decline of 3 22 points under renewed liquidation, <outhern and local sellir 1as promoted by a more favorable view of weather conditions in the uth and relatively easy Liverpool bles. Active months showed net losses of 14 t6 25 points. October sold off to 16.70 on reports consigned cotton was » from the South, presumably for delivery next lined to 17.06, but there was co d- crable trade buying at these prices, leading to rallies of 5 or 10 points from the lowest by the end of the first hour, Covering was promoted reports of another tropical storm in the Yucatan Channel, which some thought mizht develop unfavorably within the next few days The rally extended to 17.11 for Diecember contracts or within three of Saturday’s closing quotation, the volume of husiness tapered % on the recovery and trading was | comparatively quiet at midday. The | bulges seemed to meet some further | selling and were not fully maintained, | December ruling around 17.07 at mid fin\’\ when the general list was abont | 7 o 10 points net lower. New Orleans Quotations. NEW ORLEANS, September 13 (P).—Cotton futures opened steady October, 16.79; December. 16 uary, 16.88; March. 17100 I The market opened steady although Liverpool cables were less favorable than expected. First trades were unchanged to 10 points up. As New York opened lower, however, the market here eased off to levels 1 to puints under t av's close after the opening, but on the issue of an- other storm warning for a disturbh- ance in the northwestern Caribbean moving rd the Yucatan nnel, pric lied, October trad- to 16 ember to 17.01 and January to 17.05. At the end of the first hour the market was steady, he- inz supported by the fears of the storm. British Board of Trade re- lurns for August were considered Learish, by Liverpool Market. LIVERPOOL, September 13 (#).— Cotton—Spot fair demand: prices eas- fer. American strict good middling, 1101 good middling, 10.71: strict mid- 10.41; middling. 9.81; strict low 9.06: low middling, 8.11; strict linary, 7.16: good ordinary, | Sales, 8,000 bales, including ! les merican. eipts, | Anerican 400 bhales, Fu- | steady. September, 9.22 S.99: Janu- Mar,” 991; ember 108, DIVIDENfi IS OMITTED. NEW YORK, September 13 (#).— Directors of the American Beet Sugar 0. today omitted the quarterly divi- dend of S1.75 on the preferred shares, | duc at this time. R. Walter Leigh. president of the company, said it was deemed advisable to defer action at This time in order to conserve cash ourees The comy Vv passed its com dend last Spring because of ory earnings. | { u i tists ORDERS ARE LARGE. YORK, September 13 (@).- Tnfilled orders of the Otis Elevator Co._ are reported to be the largest the company ever has had, while its & for the first eight months ar also was the best on record to build up a large foreign e e allleiBde Aoty ST success. The company earned $12.81 # share on the common in 19 record with net income £4 NEAW The latter | j offerings made their appearance and where it com- arriving | month and January de- | Special Dispatch to The Star. ‘_.\b\\' YORK, Spécial 13.—There ‘\.a! nothing about the action of the urb Market at the start of the week to inspire confidence as to the imme- diate future trend of prices. Selling was not as pronounced as it has been late last week, but it was noteworthy that there was considerable stock for sale whenever the general body of stock displayed a rallying tendency. _ Despite all previous efforts to bring about higher prices for the oil stocks, the action of the group reflected an oversold condition, which would have to be rectifted before any decided im- provement could be looked for in the technical market position. The con- certed effort made last week to bring the South American issues to the front. was followed today by com- paratively fair sized reactions in| Creole Syndicate and Carib Syndicate. Reiter-Foster gave way readily once changed hands at 16 NEW YORK, September 13.—Fol lowing is a list of honds and stocks traded in on the New York Curb Mar- | ket today: i Sales in INDUSTRIALS. hundreds Hich 1 Aero Sup Mfe. A 2 Aero_Sup Mfe B R AID Pick Par v Allied’ Pack new. 2 Alpha Por Cem 1 Am Arch' Co Am Elee v ¢ ¢ 21 Am Gas & B 1Am Gas & EI pi 3 Am Hawaiian S8 47 ‘Am L & Trac Pow & L pi PUDopte Seating vte Stores pfd Superpow A A Am Superpow B Am Super vr p 3 Am Thread C of 5§ Atlas P C new 12 Auburn Aute, Co %, Blaw Knox Co rad Firenriz pi Brll Corp 4., Brill Corp B Moy R Low 1 i Bklvn City R R ' Bueyris C S0t “olluioid A01 P1a 2 Celotex Co pfd Cen' ‘Aguirre Sig Cent “Pip Cor pared with Saturday’s final of 19%5. Price changes in the so-called Stand- ard issues were of little consequence. but for the most part on the side of Jower levels. Humble lost half a point lat one time, but declines elsewhere were smaller. Actitve trading over a wide price range in Warner Brothers Picture issues featured the specialties. The Junior shares around 59 were selling at new high prices and compared with last week's closing of The 61 per cent notes took on gnother point and a half to 11713, but at this figure | compared with the recent high of 122. The upturn in these issues right along has accompanied reports that a plan whereby the notes and A shares would be called in is not at all unlikely. Among high-priced specialties Johns- Manville lost another 3 points on top of the 3-point reaction last week, but offerings were light. New Jersey Zine lost last week’'s point improvement, but was quiet most of the session. 0 Vie Talk Macl 218 Warner Bros Pic 1 West Auto S pfd 1 Wes O & S vie 1 West Pow pfd s Wheeling Stl T Wil Oil *H IYel Taxi € N Y MINING STOCKS A Com M&M Lt .07 10 Am Tin Tung.’. (05 RO Arizona Globe ¢ (10 5 Reaver Cons kil 1 Calaveras Con 10 Calumet & JTero. 2 Cons Cop Mines 16 Cons Nev Ttah 10 Cortez_ Silver 2 Nolores Esper 0 Eureka _Croesus’. ] Faleon Lead Min 0 First. Thought M 0 Flor Goldfld_M 0 Fortv Nine M § Golden ” Center 10 Goldan State 10 Goldfid Cons 20 Hawthorne M1 2 Heela Mine 188 Kay Conner Cor B 1 M hio Cop . . 5 Promise Gold M. 1 Tock Huehas 2 Tni Verde Ext DENT OIL STOCKS. hindreds 14 Am_Con Oilfide 134 Marseaibe Co 1 Anglo Pare Ltd in Spring & B in A srie—mrn3zd “oneol Dairv P nsol G Balt Taund 1 Conel Prod 4 we ourtlaulde Ltd T Curtiss * Aero M o Pub B De For R C vie Dixon Crucible 7 Doehler Die € ¢ 1 Dresden Bk Ber. 120 3 Dubiller C & Rad 61, 2 DuPde N&C n wi1511; 20 Durant “Mot . . 1014 M El Bond & Sh nf 1081, B & Sh n cor. 72 4 El Invest Inc.. . 1E R Saoyre Co ) Eries, S1'Sor 2 E Welte Cor- A St Welte ' B Fazeol Mot Co. o’ Suug (o rhan Co- A T, ord Mot Co i 500 eaters A FrH H M C FrHHMC ptd t Freshman Chas 1 Happineas C St F ZInd Rayon Co A 1 Intern Ttil B... 134 Johna-Mape G0 1 evsto Solether. .1¢ 14 Teh Pow new 1RLeh Yal C ocfs « Teh Val C Sales 40 Owens Sh 1 W Stre. n 1 rmon Mot . | 1W Tl nta 1 Midland T v Tien 1 ohawk Hnd Po Vunicival < u Rad Radio. . Music Master ¢ Nat Bak Nat P&L 7’ nfd 102 Nat Pub Ser B.. 141, Nelson H 26 New Calit EI. . 28 3 el Co pfd. 1 North 0 Pow € Nor 0 L&P nfd Nor States P C A 1 or Sta P C nfd 1 Northe_ Pow n. Penn Gas & E A Penn Ohin Sec L Penn 0 See nid Penn Wat Pow € 16 Pean Drus S G & Pue P DD R IIe DD = sm DA S22RBRERRI3TTLNI0T Washington Stock Exchange SAL Wachinzten Rw $1.300 41 103 8130 Washimet L S Fadineton Rw Wachingt Rices Nat) Merchants 101 Merzenthale 105 & Elec g & r 0 at 104 24000 at —2 at 70 & com.—10 Rus. & Elee. pfd A Rank —10 at 15, Transfer & Storage pfd.—10 at 105 20 at 10 | | | Ge— | | | | 5 at 00 Linots 5 at ~Power nid.— 1 loans. 5 and G per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY 1s Money— L < LPS P& L onf P10 Purity Bak B . 01, Kar Bur nw 43 Asen Dlsn 216 Aot ars n Mot Trk vt ckenback Mot Bros Corn Sierra Pac F pf Singer Mfx * P a Singer Mfe Ltd Son G & P A 2 Sou P & L Sou P & L - South W Tell nf 1 L Son W P& pf1 & Stand Pub € A T Stutz_ Mot & Tox G Sul nw © Thomp Rad 4 Timken Axte 1Todd Ship 15Tr Lux Piet A Ty Tub At S B vie 132 4 Tunz " Sol Lamn 3Tun Sol Lam A 21 Uni Biseuit B alni G Tmp ( GE TN LY & P n i 1 Arro Oil 2 Ark 1 Cardinal 10 Carib_ Synd. 20Cit Serv new 4Cit Serv pfd. 19 Columbia “Synd. 1% Creole Snxd 10 Crown Cont Prte 11 Foalid 0 Co 11 Gineon Ol Cor . RGif_O1 of Pa 10Ton § G n DI rts 13 Ol new anid Paniea Mount Prad Beadford 0 Mex Land orthwest 0il 0il 5 Ohio Fuel Corp o Pandem 07 2 Per_0il Corp 10 Red Bank 0il Reiter-Foster ('] &R Roval Con 0 & R 10 Salt Cl e 28 Tida! Osage O 14 Tid Oaaze O X 'V 15 Tide Water Oil % Tide Wat Ol nfd Venazuelan Pet & Warner Ouinlan 1Wile 0 & G nw 9 Woodley Pet nw. 107 0 E Sales STANDARD OIL ISSU in it 500 Anglo Am Oil 50 Buckeye P 1. 2100 Continent 011 nw 50 Gal Sig Oil. ... 70 Gal 80 nf aid 3000 Humble Ol & R 500 Imp O Can new. toomd P L°0 00 D00 Inter Pet € Ttd. 100 Nat' Transit ... 300 Ohio Ol . . 1R00 Prairie O & G 0 Prairie P L. Penn_ Oil niew 00”0 Tha " 00S O Kansae [ 70 &°F1 61005 Am Pow & 1. 33 Am Seating 09ty 1 Am Thread ¢ 63. 10115 1011a 10Am W W 6s A 073 071 4 AW Pap s n wi 1 9 Anaconda fs A.. 1 25 Apval El Pow 5 20 Afen G & E 68 55 A Sim Hard 6155 10 At Fruit 8s.. Bell T Can 5¢ Brun T&Eq Chi R cf dep B Serv b8 .. @ Cont’ Corp Am 11 Det City G ©n 4 Duke Pr P 63 A Refrig Gs. 5 Fed Sug s W Fiat T sk Tire 518 P&L 3¢ ne Sig’ Pet 78 atineau Pow 3s neau Pow B8 4 General Pot oodyr T&R 5s rand Trk G13s 3Gulf 0 Corp 3s 2 Hav El R 528 10 111 Cent 4% 8 wi Lines 65 L Ind 0&G 6% Ind P & L 68 5 Int Gr Nor bs B 2 K TCofPh 51484 18 Lehigh P 68 A McN&L Ta1041 101% a0y 961 3 Univer Pie © TS Gypeum SUHIP & L vt 'STOCKS. PUBLIC UTILITY & Elee NATIONAL BANK Capital o nfd ROY, EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. PUBLIC UTILITY STOCKS. We come now in our review of the | immediate outlook for various classes of investment securities to the public utility stocks, perferred and common. Of the two at present market prices the larger current Income Is to be obtained from the prefeired issues, at least in the majority of cases Probably no other kind of inves ent has appreciated so little in mar { ket price during the past year or two as the utility preferred stock, and this notwithstanding its admitted attrac tiveness from the point of assured continuity of income. The reason. of course, is that these preferred stocks, { limited as they are to a fixed dividend vate, have no speculative appeal and have been entirely ignored by traders 20 X% p 10 Onio P 3 1 Ohio R B 50us stl 6 15 P Am Pet. s | Par A 6101 63 100 PaOh Fa s A PR R Y 10 Euh STy B Hpun S ¥ 5 5l il Servel Del’ o0 & Sehuite Rt Esi 68 3 Shawsheen 33. - Shoes Shoft & Son cal o Cal £ S0 Gas 013 10 Southea. P&, 2 SChinea N K FR70IN Y ahe 8 Stz Mot 7135 SWif & o' 58 TS Rub 65 15 Rub 6153 1< Rib 812 s Rip €128 5 Varvorine 0 3 Wabam Ry 148 3 45 Wett ‘Penn 3¢ & G Weetn' FM s wi 100 FOREIGN BONDS. B And Nat Gs wwi 001, 11 Baden 7a....... 881 15 Bue Aires’ Tiys. 077 % Denmark 51a3.. 1001 r M&L Tiae A 90 M 61y8°C D [ s Ga 93T 051y 106 105 e 581 g Splesin Wousands i a0, o5 Wty 10612 5 EGGS ARE HIGHER IN GENTER MARKET Best Grade ‘Butter Is Pp 1 Cent—Potatoes Show Tendency to Drop. Further increases in the wholesale prices paid by local commission men for creamery products featured the market here today. Hennery eggs went up to 42 cents a dozen, a boost of 2 cents from last ‘and best grade butter, prints of one pound, are bringing 50 cents wholesale, an increase of 1 cent. The butter and egg market here and in Chicago and New York all were re- ported firmer. Potatoes wavered a bit today, some | selling for $4.75 a sack, while others | remained steady at $5 a sack, last week’s level. Sweet potatoes were dull on the market, dropping to as low as $3.50 a barrel, with fancy ones running up to $4.50. Last week they were quoted at the $5 mark. Supplies of peaches, lettuce, apples, cantaloupes and other vegetables and fruits remained liberal, with the mar- ket generally steady. Today's Wholesale Prices. Butter—Fancy, 1-pound prints, 50; tub, 48; store packed, 35. Eggs—Fresh selected, 39; hennery, : current receipts, 35. Poultry, alive—Turkeys. 35: Spring White Leghorns. 24a roosters, 20; ducks. ¥ . ofd. 15; keats, young, 60a70; old, 35a40. Dressed—Turkeys, 40a42; broilers, 33a38; keats, voung. 8§0a90; old, 40a50. Live stock—Calves, choice, 14; me- dium, 11a12; thin, 7a8; lambs, 14. Fruit and Vegetable Review. Today's market report on fruit and vagetables, compiled by the Market News Service Bureau of Agricultural Economics, say Applies—Supplies. liberal; demand light, market steady: bushel baskets, Maryland and Virginia, varlous vari ties, large size, 75a1.00: most small to medium size, 50a75; few best, light: demand moderate, market firm; New York, bulk, per tom, Copenhagens, 30.00a 35.00 (antaloupes- ipplies liberal: de- | mand moderate, market steady: Colo- rado. pink meats, jumbo flat: 75: 88 5: jumbo flats, 9 1.00a1.15 tandard flats, 158, a1.00: mostly 90a1.00 tinfs, standards, 36s and 4 3.00: flats, 125 and 15. mostly jumbo flats, 12s, mostly 1.15 Grapes — spplies moderate: de- mand light, market stead Mary- land, East Shore, 12-quart climax baskets Concords, best, some fair condition. 25a40. i crates, Concords, mostl few low as c. Delawares, 30: mostly 1.50. Lettuce Supplies liberal: demand light, market slightly weaker: New York, 2-dozen crates, Big Boston type, ordinary quality and condition, mostly 1.00; few best, 1 California and Colorado, crate: iceberg type, 4-5 dozen, mostly 5.3 Onions — Supplies light, market stead: pound sacks Yellow United States No. 1, 1.75a2.00, mostly 1.7 Indiana, 100-poun: sacks Yello United States No. 1, 2.00a2.25. Peach Market Steady. Peaches—Supplies liberal; dema d light, rket steady Maryland, V ginia, New Jersey and Pennsylvania, bushel ts Elbertas, very large size. 1.5 few high as 2.00; fair condition, 1.25a1.50: soft ripe, 75a1.00; Pennsylvania, bushel baskets Belles, large size, some fair condition. 1.00a 1.50. Pears—Supplies moderate: demand light, market stronger: Washington and Oregon, boxes, Bartletts, fancy, firm, 4.50a4.75; ripe, 3.50a4.00. Potatoes—Supplies moderate; de- mand moderate, market firm: New 150-pound sacks Cobblers. No. 1, 4.75: few higher. potatoes—Supplies moder- at demand slow, market dull: Vir- ginia and North € rolina, cloth-top stave barrels Yello 0. 1, some medium size, 3.50a few fancy high as 4.50. Celer upplies moderate: de- mand moderate, market steady; New Golden self-blanching 50, No. 1, 1.25a1.50: ordinary condition No. 1, 1.250 light; demand New York, 100- S Sweet {in the rough, Corn—Supplies liberal: demand moderate, market dull; homegrown, sacked, per dozen, sugar corn, some ordinary quality, 10a15: best, mostly 20. Cucumbers — Supplies moderate: demand light, market steady: New York, bushel baskets, fancy, 1.00a1.25. Peas—Supplies light; no early sales reported. ks TOBACCO SALES GAIN. Farmers in Maryland Busy Cutting and Housing Crop. Special Dispateh to The Star. BALTIMORE, September 13.—Re- ceipts of Maryland leaf tobacco de. creased slightly the past week. total- ing 9 hogsheads, while sales in- cre: to 1,446 hogsheads, leaving 18,857 hogsheads in the State tobacco warehouses. Tobacco farmers are now busy cut- ting and housing, fully one.quar- ter of which work is completed. There is some complaint of disease caused {by teo much rainy weather and some is houseburnt. Quotations today for leaf tobacco per 100 pounds: Interior and frosted, firm leaf, $3 to $8: sound common and greentsh. $9 to $14; good common, $15 to $24; medium, $25 to $34; good to fine red, $35 to $51: fancy. $52; sec- onds, common to medium, $6 to $20; Seconds, good to fine. $21 to $40; upper | country to $35; ground leaves nominal. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibba & Co.) Nominal Selling checks gold value. — today. London. pound. $4.8065 $4.85 dollar. 13 ANADA ELECTION WILL AFFECT U.S. Protection and Tariff Biggest Issues—Annexation Buga- boo Is Revived. BY J. C. ROYLE. Special Dispatch to The Star. MONTREAL, September 13— Whichever way the voters of the Dominion of Canada cast their ballots Tuesday, business and trade relation- ship with the United States will be affected to a certain extent. Of course, many of the votes cast will be determined by personal and regional considerations, but one of the chief factors in the campaign just ending is the question whether Cana- da shall declare definitely for a policy of protection or not, and whether she will build up a tariff wall against the United States which will equal “brick for brick” the Fordney-McCumber structure raised by the United States. At the time the Fordney-McCumber tariff bill was passed it was felt that its provisions inflicted serious damage upon Canadian business. If the Domin- fon goes Conservative on Tuesday, some approach to a counter tariff wall may be expected. There is a feel- | ing that it will not be so wide as a church door, but ‘twill serve. On the other hand, if the Liberal party is successful at the polls. it is the avowed intention of its leaders to adhere ‘to the policy of the mother country and attempt an approxima- tion of British free trade, with pref- erence for fellow members of the Brit- | ish Empire. American trade &ith Canada now is, of extraordinary proportions and the election will serve to stabilize the poli- cles and standardize schedules of pro- | duction on both sides of the line. Canada today is feeling such an in- flux of good times as she has not ex- perienced since 1919. Conservative bankers, business men and financiers claim that a conservative victory will mean an era of uninterrupted pros- perity They admit that this era had its beginning under a Liberal admin- istration, but claim that it cannot en- dure unless the party headed by Ar- thur Meighen ig returned to power. The Liberals, on the other hand. point proudly to the fact that under a | Liberal government, which came into power in 1921, the Canadian dollar has returned to a pre-war standard and has even been at premium in the New York foreign exchange market, while the balance of trade has changed from one adverse to Canada to large figures on the right side of the ledger. Will Accentuate Statement. | The elimination of three-cornered | contests in the western provinces is taken here to indicate the possibility that representatives of the Progres- sive party, the grain growers, will be returned in large numbers. If this is the case, the stalemate which existed in the last parliament will be accentu- ated. 1f the Conservatives are given the balance of power the irritation aroused by the American tariff law may be translated into legislation. In 1911 Canada voted not to enter into closer trade relationships with the United States, the voters being influenced by the agreement that | adoption of reciprocity meant a step toward political amalgamation of the two countries. That cry is being ralsed again. French Canadians in Quebec are be- ing told the Liberal party is the one American party. and that a victory for it means the wiping out of the French language and Catholic schools by annexation to the United States. In Ontario it is being charged that Mackenzie King. the Liberal leader, is an American at heart. These tactics, however, seem to have had a little or no effect, since Canada, with a place in the League of Nations, feels herself too much a natlon to be stampeded by any bugaboo of annexation. NEW SUPERPOWER PLAN UNDER CONSIDERATION Aldred Interests Reported Moving Toward Merger of Several Big Electric Companies. Special Dispatch to The Star. BALTIMORE, September 13.-—That important moves are going on behind the scenes for the formation of super- power companies is the belief of well informed persons in the financial dis- trict. The name of the Pennsylvania Water and Power Co. is most fre- quently mentioned in connection with the mergers, and it is said that J. E Aldred, who dominates the property as well as the Consolidated Gas, Elec tric Light and Power Co. of Baltimore and several power developments in Canada, s quietly working on plans for a superpower company in which some and maybe all of his present holdings, together with other proper- ties, will be linked. Incorporation of the Mississippi Centra] Power Corporation under the jaws of Maryland last week, with an authorized capital stock of $100,000,- 000, is believed to be the initial step in the consolidation of certain proper- ties controlled by the Electric Bond and Share Co. S. A. L. MAY BUY LINE. Contracts to Take Georgia Road Subject to I. C. C. Approval. Special Dispateh to The Star. BALTIMORE, September 13.—Sea- board Alr Line Rallway has entered into a contract with the Security Holders’ Committee, who bid for prop- erty of the Gainesville Midland Rail- way, to purchase that portion of the line extending from Gainesville to Athens, Ga., subject to approval by the Interstate Commerce Commission. It the deal is consummated for this 42 miles of line, the balance of the Gainesville Midland road. Belmont to Monroe, 32 miles, probably will be scrapped. Cities Service Company m herty 803 Wilkins Bldg. Main 6189 Up to $200 within one day. interest and brokerage. red tape. Bring in what paj ou have to your proper 19. Real Estate Small Loan Co. 704 District National Bank Blde. o e r. 8 We Buy and Sell Liberty Bonds Treasury Notes Etc. ' Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street Stocks Bonds 0dd Lots Carried on Margin Buck & Company ~—BROKFRS— Esf lhlhh-lvi 1916 312 Evans Building 1420 N. Y. Ave. N.W. Tel. Franklin 7300 Direct Private Wires to New York “FIRST MORTGAGES FOR SALE 6Y2% THE TYPE OF SECURITY ; ns of $250, $500, In denomina $750, $1,000 and upwards, se- cured on improved real estate situated in the District of Columl JAMES F. SHEA 643 Louisiana Ave. NW. Columbia Permanent Building Association 733 12th St. N.W. Pays 59, Interest compounded semi-annually Melvin C. Hazen, President Floyd E. Davis, Treasurer Clarence 1. Gessford, Secretary We will gladly receive and give prompt attention to applications for Loans on Washington Real Estate Current rates of inter- est. Should you have Money to Invest —we can also take care of you. Our experience, ex- tending over a period of Thirty-five Years —insures your protection. Percy H. Russell Co. 926 15th St. N.W. of defin 6%2% PAVING THE WAY TO SAFETY Improved local Real Estate behind our ite worth is the backing FIRST MORTGAGES FINANCIAL. First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. 738 15th Street. CONSTRUCTION LOANS D. C. and Montgomery Co. FRED T. NESBIT 1010 Vermont Ave. M. 9392 Prompt _Aetion. Money to Secured by first deed of trust on real estate. Prevailing interest lzi'd ‘commission. Joseph Wash L. & Trust The New York Life Insurance Company First Mortgage Loans On Improved Real Estate in the District of Columbia and Nearby Suburbs in Montgomery County, Maryland 3 Years, 5 Years, 10 Years 5%% RANDALL H. HAGNER& COMPANY Incorporated. MORTGAGE LoaAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Office Building: Business Properties Homes Apartments LLFE INSURANCE COMPANY BOSTON, MASSACHUSLITS —1is making prompt loans on Washington real estate at lowest current rates, through its local correspondent. BOSSERPHE[ PS 1417 K Strect—D>Main 9300 Equitable Co-Operative Building Ass’n JOHN JOY EDSON, President WALTER PRATT, Jr., Secretary J— Organized 1879 46th YEAR COMPLETED $5,136,317.22 Surplu: .$1,406,195.76 Subscriptions for the 91st Issue of Stock Being Received UPDPPOPC NP D SAVE SYSTEMATICALLY AND BE INDEPENDENT So many folks, who would not save otherwise, are enthusiastic about our sys- tematic Saving Plan. You, too, can join the throng of happy, carefree savers— men and women who are enjoying life now, and at the same time, laying aside something for tomorrow. 915 F Street Proven Safety Is Essential n Investment For that reason we suggest our FIRST MORTGAGE SECURITIES. Never in the 20 years of our business career has any client ever lost a penny in either principal or interest. Just Once Too Often! T may be a great thrill to spend all of your salary to gratify your passing whims. But you can do it just once too often. The fellow who gets ahead in this world is not the man who yields to every desire, but the one who plans Montre Paria. frane. . Bruasels. frane. Beriin mark Rome, lira. Zurich, frane. Athens, Madrid. Er St Bav a4 21 Ger Con Mun 7 8Ger C'Mun Ten 82 Grt Cons El Glas 19 Hamburg 7 2 Tiseder Stl 7s iInd M Bk Fin 02 latian Py Tt rupp Fr 7 T Man M&S 7s 1 Oslo Shs ... A RCCh Ba 68 A 4 Russ Govt who have confined their attention to the common shares. This situation is the opportunity | for the investor who wants a compar- | atively large return on his money and | is satisfied not to look for much gain | in principal Dividend rates range from 6 to 8 per cent, paying the maximum. Yields at cur- ! rent quotations vary from 51 to 7 | per cent, with most of them around 5 to 6i;. Shares of the operating | companies command a higher rating. | but some of the stocks of the holding | companies, especially when the organ- | jzation is an old established one and | under tested management, are almost as good. There is no reason to change the| 11flm st opinfon hitherto expressed in this | & Westp U El 81px series that there is no better invest -Ex-dividend. ment medium available at the present time than the preferred stock of the according to his ambitions —and sticks to his plans. Our own funds are placed in it first, after conservative ap- praisal has sanctioned the in- vestment. The precautions we take for our own protection as- sure your principal safety. Our management methods. success- ful for a third of a eentury, as- sure your regular interest in- come. ational Metropolifan Rirce Senond Fational Bank of Wash TRUST COMPAN v & Trust A Third of a A regular plan of saving that calls for regular investment in sound se- curities will help you to forge ahead. with only a few | Wareaw. Copenhagen Gelo,crown. Stocicnotm NEW | Foreizn (in_ cents): 485 1-16: cables, crown’ 3| YORK. September exchanges easy: quotations at Britain. demand, g -16; 60-day bills France, cemand, Ttaly, demard, Century Sante Fe Saxon P W_61,8 S S M a7 45 Swartzell, Rheem & Hensey Company offer sound 614 % First Mortgage Notes on some of the finest improved properties in Washington. It will pay you to investigate these Notes. Without a Loss Demand: Delgium, 23.81%; Holland. 40.05 Denmark, 311y; Spain, TPoland. 11.35 | Switzeriand, | 1 In amounts of $250 and up. TITLE INSURANCE Tule te Titl Co D . Paver of Federal Storage pid Marchants Tran & Merchanta Trane & St Sf-'fm%‘(hn'er&lfnnx« 'T Poples Druz Stored e 108 !\.-mml: ¥:;rlo'l{3_l‘« L Waspington Market..ve.waea 94 63 » VUL 8 denal ¢l e | Stor, 113 | 100 103 101 1083, | I 4 808, electric light and power, the.gas and the telephone companies. It is not possible to be quite =o sweeping in ! characterizing the common stocks. For the best of them the income re- turn is not the prineipal claim to con- cideration. Rather it is the possi- |3 bility they present of price enhance ment_over a equities they represent increase. | Whether y one of them ghould be bought at the present time depends upon-analysjs of-each. specifio<casey | largest cattle run of the vear arrived | 5 {in the stock vards here today. the of- | #%:3! { ficial estimate blacing the supply fered. series of vears as the rect to killing plants and hardly any | i ot BIGGEST CATTLE RUN. CHICAGO, September 13 (#).—The | T2 | zent at ; 100.1 000 and 6,090 calves also were of- | Less than 100 head went di- | ale stock of killers' quality was on and. Lower prices were offered, but most of the early forenoon was con- sumed in yarding the arrivals, hH | stovakia, 2.96: ina, Shanghai 4116, 1926 . 18, gu. 18. I 15, Jugoslavia, Rumania, .. 5 - 1 Brazil. 15.18%: Toklo. £9.00: Montreal, TREASURY CERTIFICATES. (Reparted by J. & V. Seli Main 2100 B. F. SAUL CO. 925 15th St. N.W. Swartzell, Rheem & Hensey Co., NMortgage Bankers 727-15th. Street, .., Washington.DC. 57 Years Without Loss to An Investor.