Evening Star Newspaper, September 25, 1926, Page 15

FINANCIAL. NEW YORK CURB COTTON ADVANGES ON SHORT COVERING Bad Weather, Steady Cables and Bankers’ Move in Texas Are Factors. By the Aesociated Press o NEW YORK. September 25.—Cot- ton futures opened firm: October, 14.72; December, 11.92; January, 15.05; March, 15.36; Mar, 15.50. The mar- ket opened firm today &4t an ad- vance of 15 to °7 points on renewed covering, promoted by unfavorable weather in the Southwest, relatively steady Liverpool cables and reports that Texas bankers were planning to raise a fund of $100,000,000 to be loaned on cotton at $50 a bale in order to retire a million bales from market. There was further Southern hedge selling, and after selling up to 14.96 at the start, December eased off to 14.87, but the covering movement con- tinued and the market was steady at net advances of about 15 to 18 points at the end of the first hour. Liverpool cables attributed the ad- vance there to covering, trade calling with London, continental and Bombay buying, but said Manchester was bearish and that cloth buyers were acting cautiously. The official frost predictions for northwest Oklahoma, Arkansas and Texas led to further covering, but after selling up to 14.99 for December, ér 21 points net higher, the market reacted under renewed liquidation and realizing by recent buyers for a reaction. vas no general apprehension of killing tem- peratures in the Southwest and December sold off to 14.84, closing at that figure. The general market closed easy at net advances of 2 to 9 points. Liverpool Quotations. LIVERPOOL, September 25 (#).— Cotton spot quiet, prices unchanged. American strict good middling, 9.58; good middling, 9.28; strict middling, £.98; middling, 8.43; strict low mid- dling, 7.78; low middling, 6.83; strict good ordinary, 5.88; good ordinary, 5.13. Sales, 3,000 bales, including 1.800 American. _Receipts, 12,000 bales, including 11,700 American. Futures closed very steady. Septem- ber, 8.02; October, 7.97; December, 8.00; January, 8.06; March, 8.13; May, 8.20; July, 8.23. e WHEAT PRICE DOWN, CORN SYMPATHETIC By the Aseociated Press. CHICAGO, September of heavy frost and freezing tempera- tures failed to stimulate much buying in the corn market today. and prices both of corn and wheat underwent an early setback. Crop experts here said the corn crop in South Dakota, Ne- braska and Kansas is matured, and that a considerable part of the lowa crop is also beyond danger. Starting at 1, decline to the corn market quickly receded all around to well below vesterday's fin- ish. Wheat opened 14 to 2 off, and continued _ downgrade. Oats held about steady. Provisions were weak. According to a generally accepted opinion, the territory where corn would be most susceptible to frost is in the northern half of Ilinois, Indi- ina and Ohio. Under such circum- stance, today's frost reports had but little effect, and the corn market drop- ped with which was influenced 1 ther in Canada and irge world shipments. Tt was pointed out that supplies of wheat are accumulating on both sides anadian boundary and that weather the accumula- rease. There was also e taken of goss 4 advance, able only at low prices factor. WHEAT— September December or Decernber May OATS— September December May of the board »rn Railway, held v, K. S. Wynn, road, was elected nn is considered shir ! as he has made his headquarters in this cf since he wax chosen vice president of the years ago. friends sed with the honor convey him. At a meeting rectors of th upon CHICAGO STOCK MARKET. high, at the Chi v's sales. ms, SHORT-TERM SECURITIES. J& W, S Co.y M ¢ of Lyons olumb. G & Continental & Fisher Body Corp. vear T. & R i b Lok rie & Co Tlas 1030 ew York Tel s 1941 Qrakon Snost Line s 1020 U, 8. Smeiting ( Weatinghotise Wisc. Cent. Ry More than 73.000 people now are employed on public work construc- His | | French ) 1as it was a week ago, that the French | government prefers to have the franc lv-‘.«l question comes up whether or not Received' by Private Wire BY. WILLIAM F. HEFFERNAN. NEW YORK, September 25.—Pub- lic utilities played a prominent part in the operations for the rise, which continued on the Curb Exchange throughout the closing session of the week. Southeastern . Power and Light, which was traded in in heavy volume for the first time vesterday, when more than 4,000 shares of stock hanged hands, continued strong at | advancing prices. Buying appeared | to be based on the steady increasing | earniizs, both of this company and | its chief subsidiary, Alabama Power, | which has shown a constant increase !in net income. ! American Gas and Electric, one of | the higher 1ssues, was again taken in fair volume around cur®nt quota- NEW YORK, September 25.—Fol- lowing is a list of bonds and stocks traded in on the New York Curb Mar- ket today: NEW YORK, September 25.—Fol- lowing is a list of bonds and stocks traded in on the New York Curb Market today with the volume of sales and prices up to and including the close of the market: s: INDUSTRIALS. hundreds. High. Lo Close. Y Attoa, Life Ine. 600 600 600 b lflh Alb Pick Bar vte 2 Allied Pk pr pf 21 EHSEat. 1 0f 95 2% PaE S FR S Superp A . Supern B 11 Gae & EI .. 7Bl EWn ] ? 1 Blackst V G & E100% 10 Brad Fireors 5: SEESEES5R o 2 g7 4 Consol Laund .. 1 Copeland PA ww 4 Curt Pub ...... 2% Curt_ Asgets Cor. 2 o For R L, 4 49 15 Fox Theaters A 71 Freshman Chas. 3 Gen Buk A 1 Gleason Prod € % GI'F Coal .. 2 Good Tire & 2 Grand Sto 1 Hellman R R AR i Ttil pfd.. id W U pr In.. WOARE F ) e Bpac St 1 pender D Groc 7 Penn’ Ohio Sec. Phila Mnrrli. Pittsb & Lake E. 1 2 Pyrene Mfg ... Rand K'd Bur n. Rem Noisel T C Reo ot Rep Mot Tk {oh Rad Ta Stand Screw 1 Stntz Motor 2 Swift Intl o Swift & BT RRASE o S Lt & Ht new Bhne o Shar ‘opt W < Tallc Mach, ESRERE, Sales in hundreds. MINING STOCKS. rome V' Devel . w"Cop Cor Direct to The Stmr when it was taken just > Ye s veduction in Paxdandle Crude quotations was not @ hwlpful factor to the market for ofl siwres. The disposition was to liquidate Wold- ings of these stocks, where this ccwld be done without making any matw- rinl changes in quotations. Warnea Brothers' Pictures junior shares nat” urally felt the effect of proflt-taking following yesterday's rise of more than 9 points and were down some 3 points around 53. A new high record for the vear was established by Freshman Radio, above 36%, while the new du Pont shares sold at thewr best price under the present form of capitalization. 5L o e o) [T ey [ ' FESIEE St oG 2 o AT FIEE RS s 10 ESE ST I Lo ey B oSN B s men FEEE W e 2D S0k R e umen i S E R S S o e 11 FC = i ey E@eS Sales STANDARD OIL ISSUES. in’ units, 50 Euckeye P L .. 46% 46 00 Continme Oft'n 307 184 200 Humble Oil & B _58% 58 L oGy 1088 134 ot C'n "3 38 Pel ansit .. 3 5 21008 0 N Y 1100 Vacuum oii Sales in thousands. 12 Am G & E 6s 434m Pow &'L 6 B S SO s 107 e br b Ga A 1058 10 Ter O Bl 6%8100% 100 s 917 91 a B iy G2 atineau 3% o 100 92 oIy EeE i pts S TR S BRI & ow 5 03 o Po Cor Bs R‘ 5 02 %8 wi 868 3 C B £ BEFEE % RS 225 ono sovsen E2R8E 2 coozee SSacan > % 2-85533 u o Saeid 2 WERE A SroSelt oRECE! SRy eo0d "2a3R85533 222 SR2RES3 P < e ey =S = S 5 EEh Warner Bro Gls118 110 FOREIGN BONDS. A 1 Antioqua 7s B | 2 Buen Aires 7 B OESTESEE wLonDTOTDO S RE3RSBIS T SosmosSosy 2325353 S 1 101 1017 96 08 974 | BY STUART P. WEST. I Dispatch to The Star YORK, September taken all in_ all, result of the week’s ope: has not been much nge, however, in the character of the operati It is not the market vear ago, when the public was i buying orders in great Il Street. Rather the prices have gone up is holders ot stocks are reluctant ell, not that there is a great deal : h buving. Professional traders have heen try- Early in the week | toward de- | ares on account off in earnings | Motor and the | report of the selling did not bring | they the heavy d by | ot | Moon Co. | nizing this, the trading rned its attention the other w 'he principal feature of the last | has been the rise in Chesa. | of the Van Sweringen group, antici- pating a remodeling of the merger. s to the advantage of minorit | share owne Other railway shares somewhat higher in the| based upon record-breaking railway tonnage, that September and the rest | 1l months will eclipse or sur- ing ever known. no ratlroad company the advantage of the pros- conditions to_its stockholder: Street feels that it is onl. a short time when roads New York Central, Vorthwestern, Northern Pacific and Norfolk and Western will jput up their dividend rates. The characteristic of the railway market at the present time as com- pared with 12 months ago is that then the forward movement was based upon merger reports, which, so far as their effect upon values was concerned, were very uncertain, whereas the present rise has centered in the old line dividend payers, grow- ing up, partly as the result of invest- ment conditions and partly on well- | founded judgment that dividends will | be raised The conciusion paper currency is i given perou But Wall {a question ¢ | Hke Atchi {Chicago and the same regarding the remain around its present level in- |stead of attempting & recovery which FRESH BUYING MISSING AS STOCK MARKET REGISTERS AN ADVANCE about much lquidation, and recog- | element | has | H ! their high yield and partly owing to| the improved feeling regarding Bu-| | rope’s conditions. | interests, which have adjusted their —The | is | operations to a low selling level Belgian francs, moving as usual with the French, have gone higher, the | reason being that measures of econ- curtailing national expenditures apparently been successfui. Italian lire have succeeded in hold- | ing their recent rise without doing anything further. The obvious diff- culty in trying to form an opinion about the Italian situation is the lack | authentic news. Banking circles waiting to hear more about “a» mew fnancial program. which s mo,ooo,ooosf“;,"" P is for a cancellation of 2 re in the outstanding paper. Money rates have been slightly higher, but the fact that in none of the reserve districts was it seen neces- sary to put up rediscounts shows that there was no change in conditions. Ordinarily at the neight of the crop- moving season, now drawing near, the money market is apt to work higher. Thi Wall Stret situatiom; it would not mean that speculation has been over- done. It would simply indicate' that banks in the interior called upon to lv harvest demands were draw- ing down their New York balances. The idea is that higher money has entered into investment calculations, not causing any appreciable decline in bonds, but putting a check upon an advance. The exception has been the European government issues, which have been bought partly on account of Cotton Market Sags. Cotton prices have sunk to the low- est of the season following the latest Government report. This foreshadow- ed, at the end of the first fortnight in September when deterioration is to be expected, a crop not far below the big total of nearly 16,000,000 bales a year ago. There has been a lot of talk about the lateness of the harvest, the liability to frost damage and about the injury from insect pests. The bureau figures did not bear. out any of these observations. On the contrary, they showed a situ- ation almost. if not quite, up to the extraordinarily good one of 12 months ago. The decline in cotton carried prices | in sections of the country down to, 1nd below the cost of production. The it is an advantageous thing to have a large production where it iavolves low FRER FEF Would be no reflection upon the | lldl«ho sacked rurals, 2.35a2.50. GENERAL BUSINESS CONTINUES G0OD Prosperity of Nation Shown in Florida Relief and the Big Fight Receipts. BY J. C. ROYLE. spweial Dispatch to The Star. MTW YORK, September 25.—The proswerity of the American Nation was wnphasized by two things this week, Qe immediate respense to re- lef appwals from Florida. and the instant _gtart to -sebulld wrecked structures’,, and the attendance at the Dempsey-.finney fight. ) What anwunted to almost con- scription of 14 1e laborers in the Miami district furthm'ed the work of clear- ing the city. oy debris. Advertise- ments app today in_Southern cities for hundre§!s of building-trade artisans to work ,0n reconstruction, Water routes will\ be used for the heavier freight so a8 te avoid rail- road congestion of bun'lding materials. It is estimated $10,08).000 in insur- ance payments today .8 available for immediate use. R The spectators at the Yieavyweight championship battle pall a larger sum than was ever collecaed before for a sporting event, and .‘Qe indus- trial workers formed as bigh or big- ger part of the crowd as the tankers and white-collar men, reflectng 2 widely distributed and active Lw¥ing power. Steel Production High. Major producers in the Pittsburgl Youngstown, Cleveland, Chicago ai Birmingham districts maintaine their high rate of steel productio: without interruption, with sheet, tin plate and steel pipe especially active. Industrial prospects in the Chenago Valley are brighter since the an- nouncerhent that the Sharon plant of the Stewart Furnace Co., lidle for a ear, would resume operations. Y There has come a slight break in the output of the larger automobile producers. This is evidenced by the drop in industrial employment in De- troit to 233,673, which still is 22.000 workers more than were employed at this date last vear. Distinct improvement is reported in the leather business in New Eng- land, reflecting demand from the shoe and belting makers. This tends to_emphasize the differ- ent attitude of labor in the shoe and textile trades. Last November the W. H. McElwain Co.. one of the largest New Englamd shoe manufacturers, was able to induce workers at its Cohas factory to accept a wage reduc- tion provided the plant was operated at capacity. The management agreed to run the plant at a loss until capac- ity operations were justified. So far as can be learned the plan worked successfully. This week the Amoskeag Mills told workers large orders could be booked it list prices were cut moderately, and asked them to accept a portion of the reduction_involved from their wage scale. The workers congress of Amoskeag voted, to continue the pres- ent scale. Cotton Values Slump. Texas farmers have lost prospec- tive millions in the last fortnight by the drop in cotton prices, and grow- ers in many parts of the South are facing a serious situation owing to| the lack of pickers. If workers are not secured in Texas before the next rain, much cotton will be abandoned in the flelds. Texas is 15,000 workers short. Nonferrous megal consumption con- tinues on a'big scale, with much ac- tivity in copper. but prices have tapered off slightly. Leading manu- facturers of electrical goods are pil ing up what promise to be the largest peace-time profits of any year in the history of the industr ew build- ing contracts are being awarded in fine volume. Lumber and other build- ing materials are steady in anticipa- tion of heavy Florida demand. The coal situtation is showing sea- | sonal activity, but many good judges doubt that soft coal prices will show any continued advance from present levels, in view of the fact that the amount of water in the streams is inducing all those who can do so to utilize late inland waterway tr tatoes in many . sections at extremely.good prices. FOREIGN EXCHANGE. ¢ W. B, Hib! o Sellu are London. pound. Nomtrear. doilar . g"d"m" it ndapes P Oslo. crown. Stockholm, crown. .. NEW YORK, Septefber Foreign exchanges irregular. Quo- ations in cents: Great Britain, de- mand, 484 13-16; cables, 485 5-16; 80-day bills on_banks, 480 11-16. France, demand, 2.76% cables, 2.171. Italy, demand, 3.683%; cables, 3.60% Demand Belgium, 2.66%: Ger- Norway. 21.90; Sweden, Switzerland. Spain, Greece, 1.19: Poland. 11.50; slovakia, 2.96: Jugeslavia, 1.77; 53; Argentina, i 15.12% 1, Shanghai, 66.00; Montreal, 100.1 BUTTER LOWER. CHICAGO, September 25 (#).—But- ter, lower; recelpts, 9.018 tubs; cream- ery extras, 44: standards, 41%; extra firsts, 42ad3; firsts, 37%a40; seconds, 33a36. Eggs—Unchanged; cases. receipts, §,007 POTATO MARKET STEADY. CHICAGO, September 25 (#).—Po- tatoes—Recelpts, 122 cars; on track, 233; total U. S. shipments, 709; trad- ing fair: market steady: Wisconsin sacked and bulk round whites, best 2.25a2.50; ordinary to poor, 1.00a2.10; Minnesota sacked round whites, 1.50a 2.25, according to quality and condi- jon: Minnesota and North Dakota sacked Red River Ohios, 2.35a2. New York Stock and Bond Averages. SATURDAY, SEPTEMBER 24. STOCKS. les, 807.200 shares. 8 aguacrials averaged 143. zain: 8. 21926, 147.46: low. 123.11. ‘i‘t‘"-'-n-—a- averaxed 126.81; met ¥ Rich 1926, 128.52; low. 105.88. first met gain, .03 Tem secongary ruils averaged 94.07; net zain. 12, Ten public utilities averaged 94.38; Ten Industrials averaged 09.38; net in. .05, P orbined average, 91.03: net gain, Combi average month ago, ‘.l:I"I . '\grown corn in sacks was quoted at n Rail loadings continue high, | large TRADE S LIFELESS IN CENTER MARKET Huge Supplies of Tomatoes Send Prices Lower—But- ter and Eggs Higher. Continued hot weather this week was not conducive to improved trade In the local wholesale market. The market continued rather lifeless, deal- ers reported, delaying the usual Fall improvement in trade. Probably the most surprising and interesting change during the week was the receipt of immense supplies of tomatoes, the crop having been re- ported as short and with but slight hope of improvement. When the increase came, according | to dealers, prices dropped low enough to enable retailers to sell the vegetable at less than 5 cents a pound, the price only a few days previous having gone as high as 10 cents. Half-bushel |hampers dropped to 25, 50 and 75 | cents. Potato Market Steady. Moderate supplies of potatoes, many |from Maine and New Jersey, met a |moderate demand during the week, making the market steady . Prices for 150-pound sacks ranged from $4.25 to $4.50. Sweet potatoes, mostly from North Carolina, Virginia and the Eastern Shore of Maryland, were quoted at from $2 to $3. More liberal supplies of corn are being received from nearby growers, prices being somewhat lower for early receipts of the late stock. Home- 5 and 25 cents a dozen this morning. Only a light demand for light sup- lies of peas was reported by dealers. ‘Melephone peas from Colorado are staplying the local market, 10 cents a mound being this morning's price. Recaipts of cucumbers are so light that 10 sales were reported. App\es continue in such liberal sup- plies t\at the market continues dull and the wlemand only moderate. Fancy fruit froan the Northwest brought $2.50 and A'2.75 a box, bushel baskets from nearls)’_growers selling at from 50 cents to" A1 Peach=: Are in Supply. Liberal supp.ies of peaches from New Jersey, Aawyland and Virginia ure still being reveived, size and qual ity regulating psices. Prices ranged from §$1.50 to $2.7% a bushel basket. The watermelorr market is fasf drawing to a close, and very few melons are being otA'red, sales being so small that prices* no longer are. ported. Fairly sqce sized melons | at Municipal F Market sold as low as 5 and 10 cents the py'st few days. Moderate supplies of cantaloupes and a moderate demand n:ade a firm market, a wide range of prices being reported. A limited demane! for hon- eydews resulted in a_slight weaken- | ing of the market. Standaml crates, all sizes, sold at §1.25 and $1.430. Slight increase in butter and egg prices this week resulted froan de- creased supplies without a_aorre- sponfling decrease in the demand. ‘;:;?u:e ehz:s ame to the rescud of ers, however, and rea dy sale at 38 cents. reih o Meat prices continue about th e | throughout the week, There was & | slight increase in pork prices early in “the week, dealers reported, but | prices on pork lnixns has dropped the g day or two because !\\'s};uhm. ecause of the hot Poultry prices did not change to an: | considerable extent during the week, There was a slight decrease in the price of springers, however, serving to slightly increase the demand. | _ Buyers were out early this morning selecting choice products for the re. | tail trade. Buying was not particular- |ty brisk, however, dealers said, and | brisk buying is not expected until there is a decided drop in temperature. Today's Wholesale Prices. Butter—Fancy, 1-pound prints, 51; tubs, 49a50; Stove packed, o5 > TU Eggs—Fresh selected, 42; hennery, current receipts, 38; storage, 38. Poultry, alive—Turl 35; Spring hroilers, White Leghorns, 24a25; fowls, 28: roosters, 20; ducks, | ¥ 2 old, 15; keats, young, 50a 40. Dressed—Turkeys, 40a 33235; keats, young, 80a 0. -Beef, 1%a19; veal, 22; lamb, hams, 30a32; shoulders, s. 33a35; sméked hams, 34a moked shoulders, 3. E to ves, choice, 1315; me- dium, 1la a8; lambs, 14. Fruit and Vegetable Review. Today’s market report on fruits and compiled by the Market > Bureau of Agricultural liberal; demand b \ hington, size, combination ex- Jonathans and Winter Bananas, ancy Winter Bananas, baskets—Maryland and ous varieties, large size, ; small to to - ton, domestic round type, ; few low ag 20.00. antaloupes— ie<’ light; demand slighfy stronger: {Color: ndard 12s and\J5s, Salmon 50, mostly 1,50: stand. | and 435, 3.00a3.2%5; Honey demand light, market dull; standard crates, alb sizes, me overripe, some de- supplies moderate; demand te, market steady; New York, 2.3 crates, 2.0022 i tern supplies moderate: | narket slightly weaker; | quart climax baskets, | Concords, 60a65, few higher; Virginia, | 6-basket s, Concords, 1.50a2.00, 1y 1.75a2.00; Niagaras, ripe, 1.50. Lettuce Market Firm. . ice—Supplies moderate; demand market firm for good stock; lozen crates, Big Boston Colorado, crates, Ice. i pe, 4-5 dozen, ordinary quality ,and condition, 3.00a4.00; poorer de- cayed, low as 1.00. Onjons—Supplies light; demand slow, market dull: Michigan and In- dmr:m“‘“l‘l‘)-xlcund sacks yellows, most- | Delaware, 1 demand Pennsyl- Peaches—Supplies liberal; moderate, market steady vania, bushel baskets very large size, 2.2522.50; medium to ! size, 1.73a2.00; New Jersey, ! bushel baske! rtas, large to very | Iarge si New York, bushel | 5, medium to large .75: Rochesters, large size, Virginia, bushel baskets White Heath, medium to large size, | 2.00a2.25. } Pears—Supplies moderate; demand moderate, market steady; New York, bushel baskets, Bartletts, No. 1, large size, 2.50, some ripe, 2.00: Oregon, boxes, Anjous, few sales, 4.00. Potatoes—Supplies moderate; de- i mand moderate, market fairly steady; | New Jersey, 150-pound sacks, Cob- {blers, U. S. No. 1, 4.15a Maine, 1150-pouna sacks, Cobblers, i 1y 4.00. Sweet potatoes—Supplies modgrate; homegrowns mostly supply the mar- k homegrown, bushel hampers, 12 Halls, No. 1, 1.00al.25; few, 150, » ertas, ripe,| * Corn—Supplies moderate; demand | moderate, market steady; homegrown, sacked, per dozen, sugar corn, 15a20; fow-low- Oy SALES ARE BETTER. Bradstreet’s Finds in Most Sections Commodities Are Moving Well. NEW ' YORK, September 25 (#).— Bradstreet’s says distributive trade has held the center of the stage this week. in that increased sales are reported from most markets outside of the hurricane-stricken areas. of Florida and some still wet sections of Iowa. Nebraska and ining States. There are, however, a few reports from the Southwest of hot weather or cotton price uncertainty tending to slackened Fall buying.* It s reported rains or crop . deterioration have slowed down sales of farm implements and auto- mobiles in the western States men- tioned. Your Banker Knows. When in doubt about a security consult your banker. It is equally as much his interest as yours to protect | him with | your savings. You trust your deposits—why jot trust him with your investment problems? EARNINGS TO SHOW GAIN. NEW YORK, September 25 (P).— Reports from Youngstown indicate that third quarter earnings of inde- pendent steel companlies in the dis- trict generally will exceed. earlier cal- culations, the period prowing to one of the best of any year since the war. Order books in sheets, strip steel, tinplate and tubes are comfort- ably filled going into the fomrth quar-| ter. Premium prices are beginning to appear in the sheet metal fa delivery concessions. . — INCORPORATES FIRNS. . NEW YORK, September 25 (A).— General Motors Corporation has in-| corporated the Delco-Remy Corpora- tion in Delaware to handie the sale of products manufactured by the Day- ton Engineering Laboratories Co. of Dayton, Ohio, and the Remy electric division at Anderson, Ind. Money to Loan Secured by first deed of trust on real estate. Prevailing interest and commiasion. Wash L. & Tra Joseph b bth & ¥ N WE FINANCE ~—all classes of incom&vroduclnr.vrowu Large Loans a Specialty Current int. rate and commission Higbie & Richardson, Inc. 816 15th St. N.W. Prompt_ Action. First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. 38 15th_Street. REAL ESTATE LOANS ANY AMOUNT 1 APARTMENT HOUSES 2 0 BUSINES PROPERTY RESIDENCE LOANS AT LOW RATES FRED T. NESBIT 1010 Vermoxs Avenue N.W. Maln 9392 REAL ESTATE LO. Maryland—Virginia—Dist. As L ow As o The Capital Realty Company, Ine., Tnsarance Bldg. 13 4nd Ers N-W. ANS of Col. GOVERNMENT WORKERS Don’t Overlook THIS 1 and 2 rooms. kitchen and_bath, N.W. Iocation: ali outside Paoms, hoi water, well heated, clean and cosnfortable. Very reasonable rent. WM. H. KYLE Phorte Main 6627 Apartments. N. FOR SALE First Deed of Trust Notes Bearing 6,9 Interest See WELCH Realtor Established 1899 15th and New York Ave. Main 4346-4347 No Loss to an Investor in 27 Years Financial Man for Builder Financial man Wwith long ex- perience in the financing of building operations wants per- manent connection with a re- liable builder. Will take en- tire charge of financial end of business. Have connections that will supply ample first and second trust funds. Compen- sation on commission basis. Address Box 9-B Star Office When You Need -a Loan Think of Welch, Realtor ! Loan Specialist Money to Loan At 51,% & 69, Interest Before Placing or Renewing Your 1st_or 2nd Trust Get Welch's Figures Reasonable Charzes (No Extras) 15th & N. Y Main 4346-1347 Columbia Permanent Building Association 733 12th St. N.W. Pays 59, Interest compounded semi-annually Melvin_C. Hazen, President Floyd E. Ravis, Treasurer Clarence 1. Gessford, Secretary FIRST MORTGAGES FOR SALE 6Y2% 'PE_OF SECURITY N RVATIVE INV) ORS BUY In denominations of $250, $750, $1,000 and upwards, se- cured on improved real estate situated in the District Columbia. JAMES F. SHEA 643 Louisianz Ave. N.W. We will gladly receive and give prompt attention to applications for Lo 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. 1321 Connecticut Avenue FINANCIAL. The New York Life In,nmmcc Company First Mortgage Loans On Improved Real Estate in fhe District of Columbia and Nearby Suburbs in Montgomery County, Maryland 3 Years, 5 Years, 10 Years = %% Telephone Main 9700 Office Buildings Business Properties £ INSURANCE COMPANY OF BOSTON, MASSACHUSLITS —invites applications for loans on Washington real estate. Prompt action; low- est curent rates. Consult— OSSZZTHELPS 1417 K Street—Main 9300 Back of the Gold Edge First Mortgage Investments Each Loan is made on Real Estate located in Wash- ington City, the seat of the U. S. Government—a fea- ture that insures stability of values and Dollar Protec- tion. Safe Dependable Remunerative Are You Prepared for a Storm? FEW months of heavy finan- A cial going—where would it put you? Illness in family— unemployment—Iloss through theft— could you meet contingencies like these? A regular plan of saving and in- vesting in sound, conservative se- curities will enable you to ride out financia! storms. Our 61 % First Mortgage Notes have never brought loss to an in- vestor. They are issued in conveni- ent denominations of $100 and up- wards. Swartzell,Rheem & Hensey Co., Mortgage Barkers' 727-151h. Street, N, Washington.DC. 57 Years Without Loss to An Investor. Without a Main 2100 THE UNIVERSAL GAUGE OF SUCCESS Actual attainment is the gauge of success. What you have is considered your worth. In investment your principal— what you have—is more es- sential than what you expect A Third to earn through interest. Our ofa Century 6',% FIRST MORTGAGES primarily protect your princi- pal.. Their unfailing interest yield is rightly a secondary fea- ture, for all its substantial at- tractiveness. Loss B. F. SAUL CO. 925 15th St. N.W.