Evening Star Newspaper, October 5, 1926, Page 31

F1 ANCIAL THE EVENING STAR, WASHINGTON, D. C. TUESDAY, OCTOBER 5, 1926 5 FINANCIAL. 31 COTTON PRICE SAGS AFTER EARLY RISE Opening Firm on Covering, But Free Selling in South Weakens Values. By the Associated Press. NEW YORK, October 5.—Cotton futures opened firm; October, 13.45 December, 13.2 January, 13.36 March, 13.60; May, 13.78. The market opened firm today at an sdvance of 20 to 22 points on covering by recent sellers, combined with trade buying and buying for a reaction, based on relatively steady Liverpool cables and prospects for lower temperatures in the Southwest. Frosts were considered possible tonight in the Texas Panhandle and parts of Oklahoma, but not neces- sarily killing temperatures, and after tnitfal buving orders had been sup- plied, prices weakened again under reports that the South continued a free seller. December broke from 13.29 to 13.07 By the end of the first hour, or within 2 points of yesterday's closing quotations. The decline from the opening ad vance extended to 13.05 for December oontracts and other months sold near yesterday's closing quotations. Prices then steadled on covering, but rallies were limited and the market was within a few points of the lowest ut midday, except for October. which held about 15 points net higher. Tl.:ll l'lrlnl ‘i tlas P Do New Orleans. Market. 3 Atlas P ¢ NEW ORLEANS, La. Octoher 1 v Shoes i : ) —Cotton futures opened st 8 Bord"& Conow p October, 13.08; December, 13.18: ent Mach 3 vary, 11 March, 13.38: May, 13 coroia 1 : , F Liverpool Quota Colluton s i LIVERPOOL, October Cot- & ten—Spot, falr demand: prices barely 9 meady: American strict good mid- 1 G | 1™ A &ling, 8.30; zood middling, 7.95; strict "i{j.;;:;:m,"(“","‘ S Do O middiing, 7.70; middling. 7.25: strict 10 Comol, Tating 2w ¢ * o 4 % Cope Prod A ww 3 low middling, 6.85: low middiing. $Cape Brodid we 145 3% 15 good ordinary, od ordi ', Curtis Pub 1805 1801, 1801 4.50; sales, 7.000 bales, includ-1 RDe For R ¢ ¥té 47 " 4sl 48 ing 4.000 Amerlcan; receipts, 7,000 e bales: American, 6.500. Futures closed Durant Mot steady: October, 8: December, 7.06: | ] & 5h pid 10 fanuary, 7.13; March, : May, 7.20 E e July, 7.36; September, A o Welte ¢ B CHICAGO LIVE STOCK MARKET CHICAGO, October 5 (United States Department of Agriculture).—Hogs Receipts, 18,000 head; average weight above 210 pounds generally steady market comy ¢ slow; mostly 10 to 1 spots 25 off: top, 14.10 pald for 220 to 240 pound aver- ages: butchers, 13.60a14.00; bulk, 270 to 325 pounds, 13.25a13.85; most pack tng sows. 11.50al2.40; bulk strong weight slaughter pig: heavy weights, 12.90a13 11.90a13.35; packing slaughter pigs, 11. Cattle—Receipts, 16,000 head: zood and choice vearlings fairly activ strong to 25 higher: heavies and low grade stecrs in burdensome supp e spots lower: Western grassers and stockers and feeders mostly steady:; top vearlings, 12.75: highest of season; numerous loads 12.5( she stock slow, steady: all cutt vealars fully steady; bulls unch bulk vealers to packers, 1450 to Sheep—Receipts, 20.000 hei active; fat lambs, fully 2 Westerns sold: asking above 14.2 choice lulk early sales, native. 18.50; best natives held above 13.00 heavy buck lambs, 12.00a12.50; culls 25 higher at 950 to 10.00 mostly sheep stendy: bulk fat ewes, 5504 6.75: feeding mbs strong to b higher; early sales, 13.00a13.50. INSTITUTE WILL MEET. NEW YORK, October 5 (#).—The American Tron and Steel Institute will hold fts thirteenth general meeting in New York on October 22, at which El bert 1. Gary, chairman of the Unit States Steel Corporation will preside, and talk on business conditions Representatives of the industry will discuss various steel topies also Washington Stock Exchange <Al Capital Traction Co—10 at 103%. 10 at Potomae Electric Power pfd—10 at i vfd—10 at at 90y 50 at 8, CALL 10 at 1033 Invest. ptd.—100 & Flec. 45—$5.000 at AFTE Canital Traetion Co. ational Mige. & By 50 at 81 WWashington ‘Rwy 23 at Washington Rwy. & Elee. pfd.—: Mones—Call loans. b and 6 ver cent Bid and Asked Prices. BONDS. PUBLIC UTILITY, Asked Anacost Ana & : 1003 o -f 1008 i0i 10614 > 10840 4 Storaze bl 9 Hotel 54 s i STOCKS. PUBLIC UTI & Telga. NATIONAL BANK tional Capital heoln wmu Médrond e % tan Second ! ‘National Bank of Wash TRUST COMPANY American Security & Trust {ont °f nental s ong, Sarincs & Trust o fruet fash. Loan & Trust SAVINGS BANK erce & Savings , % W ashington amints Savings & Com venth sireet ‘plied States ashington Mechanics rust. 350 500 b0 FIRE INSURANCE, : 200 remen ational Union TITLE INSURA it ate ov. itle.© ol ¥u Md. com. 5 MISCELLANEOUS aper pfd. .. 80 Liorage nid S@oL. i Monotype 20 91 erchants’ Tran. & Storage. 112 116 Srchants’ Tran & Stor. pid. 100 101 -nenuuxu Linotspe 106t 1087 ot Mige. & 10w & L3N rug \|41r(l l‘ld sgl’h 1081 < dend. 1 i 1 Recetved by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK, October 5.—Prices rallied on the curb exchange today following an early period of uncer- tainty. Big trading continued in Dupont and In Warner Brothers Pictures. The former had closed Monday at 175%. It went to 174 this morning, then more than recovered the ground lost. Warner Brothers was batter supported from the start and con- tinued to gain as the general list im- proved. Freshman Radio was helped by the September report showing net sales of over $1,000,000, an increase of 49 per cent s compared with the same month ar ago. The president of the company in a statement to stock- holders said that unfllled orders were far in excess of any volume previous- 1y on the books. Goodyear Tire and Rubber was a feature. The market had evidently not been prepa fully for the a nouncement that refunding plans were under discussion, which would NEW YORK, October ing is a list of bonds and sto traded in on the New York Curb Mar- ket today: n INDUSTRIAL Ala Gt South: 1 Ala Gt Sauth bf perpow A R Am Superpow B, 1 Am Superp or pf ageol Mot Co. . do” Sug Co 3 Forhan Co A I Foundation F ‘A 6 Fox Theaters A Freshman Chas newell e Cream ub ser - S R Gobel A Goodyear T & R i Happiness © St A ander & S A * 1g Home Tns Ind Rayon Corp A 6 Thtern 1% Johns 1 31 Kraft ( ¢ 90 Leh Pow ne o 001 ? 17 Leh Val € s 2 Leh Val ¢ 1g Lib Ow 1 R ( Sq ..,.»I. ) Mid Wedt i M 1 Midvale Co 40 Mohawk H Pow ) Molawk Valn LH&Pn ales 16 Sh G111 st Boil n Ohio enn Ohio Se pfd K01, ; Pen P& L pfd 1077 Penn Wat Pow € 169 0 Fa " Die Cem. . 43 Philip Mo 1 hilip Morris A oct & Gambie 15 1th P’ Se ©N'Tn wi 1Pug S P & L 3 Purity Bak B. .| iy Purity Bak pid 1 Pyrene Mfg As, il F 20 & 1083 o3 A0 Int rta L'p pld Ve & and Pub C A N Stutz Mot 12 Swift intl Swift & Co Tob Prod Expt 1 Todd Ship ns Lux Pic A 2100 Travelers Ins Gyostim 78 Lt & Ht hew 8 il B & L vte B. 3% il Shoontl way 28 ie Talk' Mach.. i e yarner Hros Pic 7% West Datry, 3 White Sew M G 28y 130 124 13 Yel Taxi C MININ in hundreds. 60 Ariz_Globe € Beaver Cons Calumet & Je Cons Cop Mine Cresson - Gold 3 Eng Gld M 30 Falcon I i 24 H Golden Cen 10 Goldfid Cons 50 Hawthorne M T : Utah Apex . r0ds INDEPENDENT OIL STOCKS 1 Am Maracaibo Co 5 5 7 Nat Gas . % 7 g U 18 R L tarn syna 185 1% “arih 8 Serv new 3 Cit Serv ptd . 2 Git Serv pid B A Cit Serv BB pfd. 10 Columbia Synd . 08 Creole Svnd oun Cent Pete 4 01l Co beon_ Oil Cor 1pGulf Oil of Pa oil [ e Star Gas il 1 Nor C 2 Ohio Cp D i Pandem Oil \ok 01l Corp Reiter-Foster Roval Con O & R Prod 0NV Ck 1 Salt 1 Tid O 4T de Wat Oi_pf Venezuclan Pet ¥ Warner _Quinl 4 Wilcox 0 & G n 1 Woodlex Pet n 30°Y" o1l Salesin STANDARD OIL 400 Anslo Am A O non vie 000 Hambie 01 & K 30111 P L. 1 300 Imp 0 of Can 10Ind P L onn ey Wuel | rairic O & G n (18 Sofar " Refin, © 2 l] smszu-n. PL § Kentncky x(- 43 um Nebragka n New York NEW YORK CURB MARKET Direct to The Star Office take care of the first mortgage bonds, debentures and prior preference stock beside adjusting back dividend ac- cumulations on the 7 per cent pre- ferred. The directors are to meet again within a few days to consider the conference reports on the sub- Ject and some definite action is ex- pected. Increased activity developed ‘in Gil- lette Safety Razor, in the course of which the stock ran up almost a point. Later there was some._ re- action. Brill Corporation A broke 2 points at the start but quickly got these back as soon as the general market turned. General Baking A was fairly active, and for the most part, somewhat lower. Victor Talk- ing Machine fell off more than a point before buying came in sufficient vol- ume to cause a rally. Oil shares were ecither unchanged lower. Humble Oil. which had or broken so badly on the previous day, another point before it Signal sold at 101z, dropped nearly met support. 10, as agains but later r Galena Monday's final, of lied. BONDS Sules ' thousands. 34 Am Gas & El 651013 31 Am Pow & L 62 10018 1Am Roll Mill 65 1¢ 6 Am Seating 6 VAm W WA egs 028y 10 Bran T & 4 Buf Gen 2 Caro P & L P Cit Serv Gk . 3 Ci Serv T D) 1Cit Serv 'Ss 2 Conw. Cigar 0 ‘ons Gas B bx F 1018 KCons Pub 6 1 Cons Tex Hu. # Gontainer € A B Cudahy & i Detr't ed s, 0 $ Duke Pr P 654 1021 ok Tire 31 Ta P & L B3 5 Hood R ) L Cen &3 & Ind Limest Cal § cv_ Con Cop_bs O3y N OT M R5xC 10015 5 Niag Falls P mmn‘ o1 Ga Wi owéy BONDS o3 0l ¥ Autiog 4 Baden 4 Buenos Aif 18 Buenos Air 5Siem & H 7e GSEH G5 1 p W Swiss Govt § Thyssen 1 & S Tni S W 6lgs A Tui 8 W 6148 C Westp U E 6as ~dividend DIVIDEND IS CUT. WV YORK, October 5 ().—The annual dividend rate on the stock of Moon Motor Car Co. was cut to half today when directors declared a quar- terly dividend of 37% cents a share, or at an annual rate of $1.50, com: pared with $3 formerly. It iS pa; able November 1 to holders of record October PREFERRED IS OFFERED. NEW YORK, October 5 (&), new issue of 15,000 shares of $7 dividend preferred si f the National Thea- ter Supply is being marketed to- Co., day at $95 a share and accrued divi- dend to yield about 7.36 per cent by a syndicate headed by West & Co. Each share of preferred will carry as a bonus two shares of common stock. RUBBER QUOTATIONS. NEW YORK, October 5 (Special).— Crude rubber quoted today at 43 cents a pound, as compared with 40% last week and 93 last year. B i BANK CLEARINGS. NEW YORIK, October 5 (Special).— New York bank clearings, $1,111,000,- 000; New York bank balances, $97. 000,000: New York Federal Reserve Bank credits, $82,000,000. FEDERAL LAND BANK BONDS. (Quoted by Alex. Brown & Sons. Closing.) Abprox ke Vel s Sl 135 B it b e 4 4 dlas $ 4 458 LI Sii Ll FOREIGN EXCHANGE. (Quotations furnished_by W. B. Hibbs & Co.) Nominal selling chocks old value. . tol London. pound. .. ...$4.8665 $4 Kontoes aonae: SR s3% Paris. frane Brussels, fratic. Berl K Rome. i Zuric Athe Budapest. Prague. crown Warsaw. zloty Copenhagen, crow: Oslo. crown Stockholm. NEW YORK, October 5 (#).—For- eign exchange ea: quotations in cent Great Britain — Demand, 484 11-16: cables, 485 3-16; 60-day bills on banks, 480 11.16. France—De- mand, 2.82; cables, 2. Italy—De- mand, 3.76; cables, 3.77, Demand—Belgium. 11%; Germany 23.82; Hol 9; Norway Sweden, 0%;; Denmark, Switzerland, 19.3113; Spain, Greece, 1. Poland, 11.37% slovakia, 2.96; Jugy 197 tria, 14.12%;; Rumania, .52; Argen. tina, 40.81%; Brazil, 15.00; Tokio, 43.561;; Shanghai, 63.93%; Montreal, 100.07 13-16. g S Stock of Miami Copper Co. has been placed on an increased an- nual dividend basis of $1.50 a share | with a quarterly disbursement of 371s cents, which formerly had been 25 cents quarterly. It is payable Novem- ::r 18 to holders of record November MEAT TRADE SLOW INGENTER MARKET Warm Weather Has Depress- ing Effect on Sales—Butter Price Steady Here. Continued warm weather has been a means of reducing sales of meat and making the market slow. Because of the weather conditions, it is stated, pork dealers are in a quandry as tof whether to stock up with fresh or smoked meats. Improved market conditions are not expected until there is a decided change in the temperature. There are more than ample supplies on hand to meet prevailing demands, dealers re- port. Retallers are buying only small quantities at a time, however, mak- ing the market anything but lively Butter prices in New York and Chi- go advanced yesterday, but the ad- vance was not great enough to affect the local market. Egg prices also con- tinued the same as prices reported last_week. Both the butter and egs markets continue firm. Today’s Wholesale Prices. ¢, 1-pound prints. 51; tub, 49a5 ore packed, ggs—Fresh selected, hennery, ; current receipts, 40; 36. Poultry, alive—Turkeys, Spring .S.HO' white Leghorns, 24a : roosters, 20: S 50; old, 33a40. 5 a42; broilers, 33a35; keat: smoked shoulders, 2. Live stock—Calves, (hulr‘:‘ medium, 11a12; thin, 7a8; lambs, Fruit and Vegetable Review. Today's market report on fruits and vegetables, compiled by the Market New: Murtuu of Agricultural Economi Apples—Suplies liberal; \lmlmnd light, market steady; boxes, W ington, medium to la 3 Z a mostly tra fancy, 0; :mmtly Winter . combination extra fan fancy, 2.00a2.50; mostly Bushel baskets, Il fancy - Deliclou Ba- Grimes, 2% inches up, No. 1, 3-inch Delicious, Jonathans, )0 Romes 23, inches up, 1.00; varieties, medium to larg: slzes, 75a1.00; small size, mostly Cabbage. pplies moderate; _de mand light, market steady; New York, bulk, per ton, domestic round (ype, mostly 25.00. Pennsylvania, bulk, per ton, Danish type, 30.00. Celery—Supplies light; _demand light, market steady; New York, 2-3 crates, 2.004 astern supplies light; de- Grapes— mand mederate, market about stead New York, Z-quart climax baskets Concords and Niagaras, mostly around 20, few low as 18; Wyoming Reds and Brightons, 15a17; Delaware, 12-quart climax baskets Concordd, fair condi tion, Michigan, 12-quart climax baskets Concords, 80 Lettuce—New York, no sales re. ported; Western supplies moderute; de- mand moderate, market steady; Cali fornia and Colorado. crates Tceberg type, 4-5 dozen, mostly 4.50; Colorado, some poor quality and condition, 2 38.00. Onion Market Steady. | Onions — Supplies light; demand light. market steady; Michigan and Indiana, 100-pound sacks yellow ; New York, No: 1; 00, mostly 1.75. Peaches—Supplies moderate; _de- mand moderate, market steady; New York. bushel baskets Elbertas, 1.50a some ordinary quality and con- Rochesters, ordinary sey, bushel bas medium size, ordinary condition, 1.23; Delaware, bushel bas- kets Smocks, 1.50; Virginia, bushel baskets White Heath, clings, demand mod York, bushel erate, m!\.rket firm; baskets, Bartletts, No. 1, good condi- 1.50a2.00; tion, 2.530a2.75; some ripe, Western, no sales reported. Potatoes—Supplies ligh Secured by first dud of trust on real estate. ey to Loan Prevalling interest and commission. W 420 Wash L. & Trust Jnuph r'Hlag.oth & ¥ EXPORTS INCREASE. Baltimore Imports, However, Show a Slight Decrease. Special Dispatch to The Star. BALTIMORE, October 5.—Exports through the port of Baltimore last week showed an increase of $1,484,738 as compared with the previous week, while imports declined $483,677, ac- cording to the weekly report of the collector of customs. 3 Imports for the week amounted to $1,918,570, of which $1,292,274 was ad- mitted duty free. Exports totaled $248,253 and consisted of steel, grain. tobacco, coal, copper, flour and fer- tilizer. DU PONT STOCK SPLIT up WILL BEGIN OCTOBER 28 WILMINGTON, Del, October 5 ®).—E. 1. duPont de Nemours & Co. today sent letters to the common | stockholders notifying them that October 28 has been fixed as the date for exchanging the present common stock of §100 par value for the new no par stock. This is on the basis of two shares of the new for one share of the old. The exchange can be made on or after October 28 at the transfer of- fice in New York, In the letter to the common stock- holders s the following: “Application is being made to list the new shares of no par value on the New York Stock Exchange, and it is_expected that this listing will be effective on or about October 28. Trading in the New York St Exchange in the old stock of $100 par value will continue for 10 days after the effective date of the listing of new stock.” The letter urges prompt exchange of the stock. moderate, market slightly weaker; Maine, 150-pound sacks, Cobblers, U. S, No. 1, 4.10a4.25; few slightly ty, 4.00. eet potatoes — Supplies very light; demand light, market steady; Virginia, Eastern Shore,» cloth-top stave barrel; Yellows, No. 1, few sales, mostly 3.00. Corn—Supplies moderate: demand moderate, market steady; homegrown, sacked, per dozen, Sug: around 20. Tomatoes—Supplies moderate; de mand moderate, market slight weaker; homegrown, l.-bushel han pers, mostly around 1.50. String beans upplies liberal; de- mand light, market fairly steady: homegrown, bushel baskets, mostly 1.00. Cauliflower- moderate, market steady: Long Island, crates, 4.00; York, crates, 2.50. upplies light; demand New Yor other N CHANGE IN GOODYEAR CONTROL IS PROPOSED President Would Invest Manage- ment of Firm Unconditionally in Stockholders’ Hands. By the Associated Press. CLEVELAND, October 5.—Plans for investing control of the Goodyear Rubber Co. unconditionally in the hands of stockholders for scrapping all voting trusts and management stock, and for replacing present §| per cent capital with lower interest- bearing bonds and dividend-paying preference stock have been presented to directors of the company today by P. W. Litchfield, president. The developments follow much liti- | gation brought by stockholders in at- tacks on the $85,000,000 financing plan of the company in 1921, Under the pian submitted by Litch- field the voting control of the com- 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 —uwe 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. Continental Trust Co. 14th and H Streets Capital $1,000,000.00 Checking Accounts Savings Accounts Time Deposits Foreign Exchange Commercial Credits Travelers’ Credits Travelers’ Cheques Acceptance Credits Collections Real Estate Loans Choice First Trust Notes To Net Buyer 6159, = Central 4%Sav1ngs e o Bank Save $1,000 Plus $1,000 Life Insurance 710 14th St., Near G FRANCIS M. SAVAGE, President On The New York Life Homes Apartments Collateral Loans Investment Securities Corporate Trusts Individual Trusts Administrator, Executor Safe Deposit Boxes Continental Trust Co. 14th and H Streets Capital $1,000,000.00 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 5Y2% Office Buildings Business Properties RANDALL H. HAGNER«& COMPANY MoRTGAGE Loan 1321 Connecticut ‘Avenue HOME OWNERS LOANS Up to $200 within one day, 6% Interest_and brokerage. No red We take 2nd, 3rd or 4th Bring in w Real Estate Small Loan Co. 704 District National Bank Bldg. o VWA WA FIRST MORTGAGES FOR SALE 6Y2 % THE JYPE OF SECURITY NVESTORS BUY 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. N.W. Incorporated. GORRESPONDENT Telephone Main 9700 Capital and Surplus $3,000,000 About One In Every Ten ‘Washingtonians We have over 47,000 open ac- counts on our books, which is equivalent to saying that about one in every ten Washingtonians banks here. {| There's a compelling reason— and two words, SERVICE and SAFETY, express it. l{ 1 Deposits invited in any amount AME RATE of Interest Paid on large and small accounts. National Savings & Trust Co. 59th Oldest Savings Institution in Washington Cor. 15th and New York Ave. Serial Gold Bonds } N Provisi e for of District of Columbia § Five Mill Tax MATURITIES: 2 TO 12 YEARS Momcm Q. mcmmm 3 17th and H Streets, N. W. ‘Washington, D. C. Teicphons: Main 884 Management ANAGEMENT s the factor that determines whether or not an In- vestment is Profitable. Thor- oughly investigate any contem- plated medium. Insist on In- sured Safety, Absolute Depend- ability, and an Assured Annual Return. FIRST MORTGAGE INVESTMENTS .plny would be divided between com and hard before they learn to be cau- you invest—Iinvestigate! mon, preferred and prior preferred stock. REAL ESTATE LOANS & ANY AMOUN ] APARTMENT HOU'SFR 2 0 Have You Been Stung Yei? BUSINESS PROPERTY Some men have to get stung good ||| BESIDENCE LOANS AT LOW RATES FRED T. NESBIT 1010 Vermont Avenue V. Man 0302 tious in making investments. Before As Loan Correspondent for LLFE INSURANCE COMPANY BOSTON, MASSACHUSLTTS We invite applications for loans on Apartment Buildings, Business Properties and Resi- dences. Lowest current rates and prompt action! OSSERPHELPS FOUNDED 1907 1417 K Street—Main 0300 SERVICE To carefully central location, prescribe its best utility, erect the building for use on that site and at completion supervise its management so that the Iuves analyze a for tors” Income from the Transac tion will be ABSOLUTELY ASSURED City Central Properts Dept 713 l-nh Street Main 2345 WHAT DOES A DOLLAR COST? Dollars seldom come casily. 1f not directly, indirectly cach dollar available for investment represents time and effort. Re- spect the significance of your surplus funds when you invest them. Through our 6v,% FIRST MORTGAGES ch dollar is given proved protection, with the addition of A Third Century Without a an unfailing opportunity to Loss earn attractive interest regu- larly. Your dollars deserve them. CO. 15th St. B. F. SAUL 925 N.W. Main 2100 NO WORRY NO DELAY NO LOSS TO ANY INVESTOR IN 53 YEARS HE F. H. Smith Company has completed more than 53 years of continuous service to first mortgage investors. It has sold first mort- gage investments aggregating many millions of dollars to thousands of men and women, in 48 states and in 33 countries and territories abroad. On all of these investments, throughout more than half a century, every cent of interest and maturing principal has been paid promptly and in full. Truly, then, we may say that Smith Bonds are safe bonds—an ideal investment for anyone who wants protection of principal and a good, de penddble income. Smith Bonds are strongly secured by first mort- gages on modern, income-producing, city prop erty, and protected by safeguards that have re- sulted in our record of no loss to any investor in 53 ye. Current offerings, paying 64%, are available in $1,000, $500 and $100 denom- inations and in 2 to 10-year maturities. NO LOSS TO ANY INVESTOR fs““’ your name and address on the form below IN ;l" our booklets, “Fifty-three Years of Proven | fety” and “How to Bui 53 YEARS || Income.” ow to Build an Independent | THE F. H.SMITH CoO. Founded 1873 SMITH BUILDING: Washington, D.C..Main am}! [NEW YORK PHILADELPHIA i PITTSBUI BOSTON BUFFALO ALBANY MINWIG:: L__Mw\ |