Evening Star Newspaper, November 9, 1926, Page 15

FINANCIAL.. BUYING IS DRAGGY IN MEAT MARKET Warmer Weather Likely to Increase Egg Production at Nearby Farms. Warm .weather prevailing in many mections auggeats to local butter and exg merchants a possible decraase in pricen of the product of the hennerjas, Nat anly will warm weather increase the laving of egge, it is atated, hut it will prevent increased prices of ator- age atock Riizzard weather in what ix wanted te run up prices of the eggs in ator- age. according to Aealers, hut mich weather is not wanted by them. Profiis, it in atated, are greater when pricas are lower, consumera reducing their- demands when prices are high. Prevailing weather fa not likely ta 8ffect the butter market, however, ac- eording 1o reports of local merchan There can hardly he enough warm weather at this season to increase the aupply of grass, and corceapond- Ingly increase the supply of butter. Vesterday's reporta from the larger hutter centers showed & further slight increase in prices, and it vetall pricea in this eity furthar affected the coming week. This morning's warm weather had the sffect of making ihe meat mar- ket draggy, consumers not taking bald to any consid e axtent. \ei: few changes in prices were reported Today's Wholesale Prices. ey one-pound local may be prints . 38, aslectad, 32a53: hen- currant recaipts, 30; B3asg; tuh, Fers—Fresh nery. 35a6h atorage, 40ad? Poiltry —Alive- “Turke ans, 3226, White Tegh tanis, 26m roosters, veung 200 nld, 15 keats. young, 0a &0; old. 34adn. Dressed—Turkes 40a45. chickens, 32233 keats, young, 50200° old, 45350 Meats lamb. *hould hame, 208 Live stock —Calvas, choice, 13; @inm. 11: thin, #a7: lambs, 13, Fruit and Vegetahle Review. Today's market report on fruits and vegetahles. compiled hy the Market News Servics, Rurean of Agricultural Feronomics. sayve Apples—Supplies liheral: demand light. market steady: hoxes. Washing- ton. medium to large size extra fan Delicious, 3.0043. pitz, 2 hushel haskets—Maryland and - ginia. No. 1. varions varieties, medium to large size, 7581.00: few, 1.25. Mary- Iand. No. 1. Staymans, 1.00; 2% and 2 inch. 1 Cabhage— Supplies lght. market steady per ton Danish type, Iy avound 25.00. Calery —Supplies moderate: demand moderate, market steadv: New York. 23 erates. 3.00a3.25: mostly 3.00; few Tow ax . Oregon. crates, 4'3-6 dnzen. £.75a7.00 Grapes Supplies moderate, market steady: New York. 12.guart climax haskets Concords, 471,330. some fair condition low as 40, Lettnce —Supplies moderate: de- mand moderate. market sieady: Cali fornia erate Tceherg tvpe. 45 dozen, 2 TSRA.00: faw low as 2.50: some or Ainary condition. 2.25a2.50. Onions Supplias moderate: demand madarate. market fairly steady: Mich. fgan and Indiana. 100-pound sacks Yellows, U'. S, No. 1. 2.00a2.18 Pears Supplies light: demand light. oo few wales tn establish market. fresh hams, 29830 loins, 31a32: smoked smoked shoulders, 224 32a33; me- liberal: demand New York, bulk 22,002 27.00; most. liheral: demand Potatoes Fairly Steady. Potatnes —Suppliss liheral: demand moderate, market fairly steady: Mich fgan. 150-pound sacke Russet Rurals 1S Neo 1. 4.8524.90, few A00: New York. 13 4 Whites, g N 13 8 high as Fon Sweet Aemand Narth Potatoss—supplies moderate moderate. market steady: Carelina. cloth-top stave bar- reis YVellows, No. 1. 2.25a2.30: Fast Shore. Virginia. eloth-top stave har. rele Vellaws, No. 1. 2.00a2.60, mostly 2.0, Fgeplant Supplies mand light. market 1?‘,4\‘!' crates, 5.00 Saunash Supplies moderate mark Penper erates, wr ped. 4.00 String heans Supplies light: de. mand gond for zond ock, market firm: North Carelina. 5-peck hampers, en. 2.3023.00 omates - Supplies light: demand moderate. market sieady: California. large hoxes. ripse and turning. wrap. ned. 3.50. hothouse. 10-pound haskets, madinm size 3.00; small size. ?.25a2.50, light: ds. steady: Florida, light: steady: pped. 450 demand Florida, POTATO MARKET FIRM. CHICAGO. Novemher 8 (P). - Pota- taes Receipts. 93 cara; on track. 472 tatal I'nited States shipments. 808 cars. trading moderate. demand het. tar. market Anm: Wicconsin sacked round whites, 2.25a2.45. fancy shade higher: 1dahe sacked russsts. 3.00a North Dakota 232,80, ' 2Ra2 35 Minnesota macked Red River Ohins, DIRECTORATE INCREASED. " TORK. November & (P —DI- vectare of General Asphalt Co. have heen increased fo eight with the elec tian of John 1. Waeks of New YVork. GERMAN BONDS AND STOCKS. (Quatad in dellara ner million marks | Bld Asked Ger Gt w Ini 3 101418 102800 187800 Fambuie 4 a8 1018 Quoied 11 dellars per thonsand marke ! n Flec 4130 prewar an Flac 4'an 1919 e el X & 4r prew mer Tine 41y 200 2800 24.00 1628 180 1.00 400 400 480 20800 3000 a Xerth Germar Prussian Conso oo Ae 1871 Dusseldor! 48 pre-war Frankfort a M 4s nre.war Miunich 48 © Radiache An VEG iGer AFE GG E ok 1028 “ommera and Pricat Rank. ~4.00 Disconto Gellachat 6200 Dresdner Bank 31 00 Dentache Bank 4400 A% 00 333322 Flect 6 1200 100 120 00 TREASURY CERTIFICATES. (@uetations furnishad hr W B Hibhs & Co.) Nominal Sellps chacks kold value Londen. peind R6AH doliar fri Brussels gertin me Zyncb. frane fnens. Arachma Yl pesets Uienns. erawn dapast. ~rewn Prague crown Waragw. glate “npenhagen. rrAwn 343 steckholm, crewn. tonar S6 R4 in thonght | unwrap- | Minnesota sacked round whites, ¢ e $333 B £ Avmpathetie THE ] NEW YORK CURB MARKET ’ Recelved by Private Wire Direct to The Star Office but encountered profit-taking at the | higher level. Imperial Oil of Canada, | New York. Kentucky and Humble | were higher most of the session on | an_increased demand. i Public Utllities, under leadership of Ameriean Gas and Electric, Common- weaith Power and Electric lr\vnmn\! BY WILLIAM F. HEFFERNAN, NEW YORK. November 9.—A sa. riex of ronflicting price movementa charactsrized trading on the Curh Market today. After the first half hour, the oil shatex came into promi nence again and their strength had = infiuence upon other parts of the liat. The market for ofl atocks com- pietely ignoring unfavorabie = trade newr. The manner in which the prom- inent Standard {ssues were bought left the impreasion that those favoring higher prices for the group beileve the worst that could happen to the ofl industry mow was hshind it and Aiscounted in the market for the stockn at the present priee level. The lateat weakly figurér on domestic erude output placed production in the were In gond demand although price improvement was slight. American Reating common sold at a new high record under the present form of eapitalization when it changed hands at 42, KFreshman Radio maintained | ita $.polnt rive of Monday, hut did| little more. e Selling eame Into apeciaities which | have heen more or } This was true of Glen Alden Coal. {down mors than a polnt, Phillip, | Morris down a like amount and War- | [ ner Brothers Pictures off more than week ended Novemher 6 At a new |3 pointa at one time. Engineers Gsid | peak. featured the miging division with a Vacuum was bid np almost » point, [drop t6 a new low record. of bonds and | the York | 5 Beavarboard A 1Bon & Me 6 3 sue yen 10 Pac Ky 4158 984y wiaro P & L ob 19 Cai Pet olab wi 1610 N GLE © HaCi Seny 1 Gon G By Following is a list stocks traded in on Curb Market today. Sales L\'h(‘!'!‘ll‘l‘.' n hnodreds heh. Ala Gt South pfd 1221 Al Biok Bar vie 13 1 :||<mAf‘(;‘ n‘_:l-i 02 o Are " Am BR E F vie 18 Am Gas & EI & E ofd 9% ARy 90 100% L1 ) "B A 107 [ ©: SR RRIESRES. FECTSESAEIGICATS # SSFEe 10 Det Cits 90 o0 ) (Pt Seating i, berpow Sunerpow B Sup fat ofd Thiena"® D1 hread € p P vie pf W Gue & Eec Aie €6 . o Fusi Sav. noAm: A Wi Brazilian 1Y & 7 1 i;nd(p ort Mach Atneau Pow Gauneau Pow b 7% 2 Geuerai Per 64, 101 by 1Guouy 1&R o8, Wid 10 Uoin Se: 100 Ei Ry on i 48000 Kun (x... 1084 3 Hooa Ruo 8754 Ry LA Cont a8 2In Limestont” oa 7 Ind’ Pa 2i 1 oo A Loy Paper Fow Fe czzinZcleoorooe EENEERAE N 2 55! )11 Corp ril) Corp - rockway Mol n i Celluloid _€o elote: Co Teath n_p cor 200 Do 90us 250 R ar e e FLLE f LI e Pl e P Nin A G&E om w onsol G Balt Aun: ony) Tob Inc R Dmmm e 23555a5m5 SR 12_‘ Nor '.SIP 116 ORla % 1 oRo gt 12 Ohio i”’. Lion st T &3k ot 106 for. 871, a PEEEEE S posooomnS 55350 vor or ! elte Cor A’ 3 Est Welte € B ?Fm Purch 1 o Forhan Co A Foundation Fo A 1Fr H R Mfe € 8 Free Bisam R C 31 Freshman Chas. 2 Garod_ Corp 4Gen Bak A 17 Gen Bak R..D AGen Tea Cream. 4 Gilleute' & 5 Goodyear Ti & R 1Grimas R&Ca R 1 Hanpiness C' 8 A El Rwr . Horn & Hardart 4 Int__Coner 'Ind ST 33 SRR S33RBBREBERSIITES o 23 e T b Zer 3= 2z EE AT B e et S e T Bue ‘Aires Denmark Finland 413" Frea St. Prus & Ger Cons Gt Cons EI 814 Tiseder s Ind'M B Fin 14 Ital Pub Ut 83 Rrupp Fried L 13 Leo iata C 7 30 Mant M&S 7y 4 Niag M 18 Mor Bk Denm 1 Muni Medal s 1 Netheriand #a 10mi0 Blon . 20 Peru 7330 10 Ruse Gt 51, 2 Sancia Falla 5 26§ Pub Wke & 28 Teh Val € ofa i. Teh Val € Sales 10 Mad Sq Gar 112 Mengel Rox 1'Merea S c i) 3 1l pfd 1 Mid W U or lien Mohawk Hud P Mohawk Val n & RIS ot 2BNXBRERRE FE D223 B3903= 3 D DA =SBz ey 2990332803850=3033503 3 3nvom0oonoDes: R2RRRER333322533332R22333835 7283255 Teon B une Metar ‘A w Yok Mar Jea Rem Pn i rih Amer Cem rih O Pow . 3 Northe Paw n 1 Penn’ Ohin San. | 3 Phila Else 29 Philin Mo 4 Philio Morein A 1 Pond’ €7k Poc € 1 Pronhyiac Brash ] Rand Ker Au n. ' Beal Aman Rikien 2 2 Reo Mot 4 Ree Mot Trk vio 7 Rich Rad : i Rich Rad’ ptd 2 Rickenhack Mot 10 Serv I Corp 1 Sinwer” Mfe ! 1 Son Cit THI A 2 $ou Gas & Pow A 25383339333283092380E38 2 33333332222 F oot o8 S 2552 R il 2- el 535! RPPE-N =R 4 2PER3308n D0 3033505 5500090000 0T DT RERIR3233353353333282233838 K 93 283 ) BALDWIN SALES GROW. NEWW YORK. Novemher 2 (#). Wall Street hears that the sales of | Baldwin Lacomotive Works for 1926 | will_come within ahout $6.000.000 of | aggregate sales for the twa preceding | vears, reaching elose 1o $48.000.000. ' Sales in 1925 were $27. 064, and the | year hefore slightly more than ‘25—! Sl s 0m 0w 235 i @ sowb b et £ ot e Tioey B P+ ity 9 Timken Axle ' Timken Axle ptd 1 Toh Prod Export 2 Todd Shin 7 Trane Lux Pic & h Travelers Ins 'y Trumbull 1 Tun"So1 Lamp s 2 Uni Art Thea Cir Biseuit R 000,000, 2 . 2 3R B g Stock Exchange ] SALES, | i | Washington o Georatown Washinglon Ashington Washington Vod a1y Rwr. & Eloc 4n—8$800 a1 83 | Rwy. & Flec. pfd.—10 af Rank— | Co—1 Farmare & Mechanios Natienal 10 at 285, 4 at 285 At 285 American Xaciiriie & Friet 3703, oriav-—Call Inans. 5 and & el ca: M4 S R AFTER CALL. Rwy. & Flee. pfd.—10 at| BONDS. Bid and Asked Prices. PUBLIC PTILITY American Tal. & Telga. s, Amer, Te1 il Am. Tel. & Tel. tr. z Fgl, th .. Pow nfd at| White Sew Ma Yel Taxi € N Young 1 & € MINING nt 30, Saten i Rindreds 10 Am Co M&M Lid 10 Am Tin & Tume AT, Tl 2 dome Con Min 20 Cortes Silver I\ Gren Gnie. 20 Bivige. Bxtons. 15 Ene @1a T lcon_Lead Min rty-Nine M. A Golden Center M SR Washington e £0%.°5 at 80 = o e 30T R 00! > = Bid > Anked. Anacostia & £EE A3 Capital Traction w3 e S3os3es 3 S . R Bel City & Suburhan A Georgetown Gan lst Ba.. | Potomac Elec. 1st s | Potor Elec. cons. An 1953 & rtd. Ta Mt Ver. fx. Mt V. otfy o33 333 _— 508 randa L0 2 Premier_Goid M Reorgon Weat v, 140 San Tox . 10 Um 3 om 23 Wash' Al wash Rall. Washiiwton Washington Wash. Rwy. & Flec. gen. MISCELLANEOT'S, heve Chase Cluh 514». 1000 igia Py 2 Apex | Sales INDEPENDENT Ol STOCKR. n hundrea K ¥ ? Beacon Oil. . P Carlb Swvnd 12Cit Serv n ACit Serv »53 N 55 m P T ‘heatnut Farms Dairy #igs. oCataner o MIC o 4 t. Jaint &k\"k 5.'(1 e s K Wothmen ok Haie Y STOCKS. PUBLIC UTILIT merican Tel & Telgs..... .. AR rratiion. ‘Wuhlflllbfl Gar cenense Norfolk & Wash. Steamboat. | Botomac Elee. pid. Wi lec. com. Toe. oM. NATIONAL BANI Capital.. o ' Py 3 2 Darby e 22 Buclid Ol Co 4 Gi* .on_ Ol Cor . 2Guu_ O1l of Pa » 8 Koroy Pau ) 8 Lion 0Oil . 45 Magdalena Syn. 40N T PR 101313800 Dcor e Toas = g > B 2 2258 icBmmeBond s " " > Pt ercial istrict .. armers ‘& Mechanice' Uk & £t P porevs £ e Na DI Bm P DB e Bank’ of Wash £ TRUST COMPANY rity & Trust.... rust.. . nk 4 3], Sax & Triisi rust. : ash. Loan & Trust . SAVINGS BANK. Commarce & Saviny | East Washington ... urity Sar: & Com venth Street e nited States. e ‘ashingion Mechanics’ i FIRE INSURANCE American 2 Carcoran | Firemen's L Natianal Union e | TITLE INSTRANCE Columnia Title < C ey ea) Eatate Title 180 itle. of Md 50 American _com. American ofd.. . enthaler _ Linotvpe Miee & ot wid a1 nesuelan arner _ Qu 1 Wilcox O & G n 1 Woeales Pet n Honty=m .. . STANDARD OTL ISSUES, s o NPT 0o Rmrtie - i Saies in ity 2000 Anglo Am Oil._. 203 1200 A Am O gop vie 1% 180 fudtye BOL7 700 Continent OIl' n. 187 10 Camberiand T L. 108 i0Gal 8 O nfd old 20 Gal S 1600 Hut S0 i 8600 Imp_0 ‘o1 €] /800 Tnt Pei € Lid.. 100 Nat_ Trans: 2800 Praicie 0&G n 00 Santhern P L0 1300 £ 0" Indiana 200 8 entucks 400 & 0 Nehraska n. 43008 0 N Vark. 2600 Vacunm 011 Sales in L B VT 7 Allied Pk 8s 4 Alom 7s n 83 P Essazarcs nv com FERIEIE P Paner pdt.. . Storaxe nfd. hants’ L hanta' Tran' & Ster. f. less in favor. |; |erate commission house demand pr {low middling. 6.60; low middling, 6.10:| NG STAR. WASHINGTON, D. COTTON ADVANGES | ON TRADE BUYING Market Is Firm, Having Greatly Discounted Big Government Report. Br the Associated Press. NEW YORK, November 9. —€otton futures opened firm: Dacember, 12.48; nuary, 12.58; March, 12.82; Ma .02; July, 13. ‘The marke: opened frm today at an advance of & to 10 pointa on eontinued | trade buying. co g and A mod. moied by relatively firm Tiverpool cables, And the steadiness of vester- day's market, aftér the publication of the Government crop report. January contracts sold up to 12.60 in the Arst few minutes, a net ad- vance of 15 to 20 points on active monthe and a recovery of about 33 points from the low level touched shortly after publication of the offi- cial crop figures. There was considerable Southern selling and realizing above the 1214 cent level, however, while demand seemed to taper off after initial huy-| ing orders had been executed. Prices | showed reactions of & or 10 points from the best by the end of the first hour. New Orleans Market. ORLEANS, November 9 (). ! | —Cotton_futures opened steady. De-| cember, 12.69; January. 12.68: March, | 12.80: May, 1298 July, 18.17. The market opened firm today in sym pathy with better Liverpooi cablas than due and colder weather. First trades showed gains of 10 to 12 points and prices advanced further aftar the atart, December trading to 12.64, Jan- uary to 12.68 and March to 12.84, or 14 pointe above vesterday’'s cloae on all active montha. Near the and of the first half-hour prices eased off 8 to 12 points from the highk on a forecast for fair and warmer weather for the Western belt. The market then hecame quiet and ruled steady near the lows. Tiverpool Quotations. LIVERPOOL, November 9 (#).—Cot- ton—Spot, good business done: prices steady. American strict good mid- Aling. 7.90; good middling, 7.55; atrict middling, '7.30; middling, 695; striet strict good ordinary. 5.75; good ordi- | 10. Sales, 10,000 bales, includ- 200 American. Receipts, 52.000 : American, 38,300, tures closed quiet. November, 6.72; Decem ber, 6.74: January, 6.%0; March, 6.8 May, 6.96; July, 7.05; September, 7.10. Money to Loan Secured by firat deed of trust on real estate Prevajling inierest and commission Joseph 1. Weller420W: 1st & 2nd Tuat First Trusts—5153% Interest Generous Appraisals Second Trusts—Lowest Rates of Brokerage Anawers In One Day Constrnetion loans. 3% commission A ohene call will bring represen- tative to your property And an Im- medinte Answer. Dallas D. Ball 925 15th St. N.W. Main 8110, Col. ARAA-J. Continental Trust Co. 14th and H Streets Capital $1,000,000.00 Checking Accounts Savings Accounts Time Deposits Foreign Exchange C.. TUESDAY, NOVEMBER 9. 1926. REAL ESTATE LOANS 519 FRED T. NESBIT. I 8 Vermont Ave. »: 302 HOME FURNITURE OANS %0 te 8130 if yeur Ho n 100 moath. ws ) Loan Procurement Co. e arion Ava. acszin. 2. Across Street From Bank Nezt 1 ursnt Subject to prior sale 46500 Boulevard Apte. 1%... 3.000 City Tnvest. Corp. 6%. 1,000 3618 Conb. Ave. 6%. 2,100 Chestershire Apt. 6% 2.000 Fifth Ave. Apt. 7%. 1,000 Hamilton Hotel 8%. .... 2,600 Hilltop Manor Apts. 6%.. 2,500 Jefferson Corp. 1%....... \ 500 2100 Mass. Ave. 1%..... 500 Overbrook Arms 7%.... And ¥ Rentals First-Mortgages Second Mortgages NO APPRAISAL, FEES NO RED TAPE QUICK ACTION Guaranty Mortgage Co. 468 Louisiana Ave. N.W. | 547 rme) OANS ON DISTRICT PROPERTY Provident Mutual Life Insurance Company Funds THE McLEAN CO. = Investors Atlantie Cits's moat _relia- We huilder and _developer. backed hr 20 vears Af mue- ressful building _experience, will sxchange seur property ar equite in lote in Florida for house 6r lof {n_ Atlantie Cltg's finest _ dsvelopment. whers restrictions are of the Higheat eharacter and warrant hig profita. Address Box 110.J, Ster Office Glive Phone If Possible HOME OWNERS LOANS Up i 8300 mithin ene daz. 4% interest _and brokerage. fape, "We take and. Ard or dth in whai von Droverts. "¥r. Ba1h. Small Loan Co. tional Bank Bide. have to vo Real Estat 04 Distriet REAL ESTATE NOTES First and Second Trusts Purchased on IMPROVED REAL ESTATE In District of Columbia and Nearby Maryland International Finance Corp. 400 Commercial Nat1l Bank Bildg. LTI TP AP E AT I AL, Nzzuzzzzzmmmmrzzzzzs 2222228228 MORT SAFETY FIRST —THEN GAIN Your investment funds have too definite value to be accorded only indefinitc protection. Choose securities with the point of Safety paramount. Backed by a Third of a Century, “with never a loss to any investor,” are our Commercial Credits Travelers’ Credits Travelers’ Cheques Acceptance Credits Collections Real Estate Loans 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 First Mortgage | Serial Gold Bonds Provision made payment n:f District ofghmbh Five Mill Tax MATURITIES: 2 TO 12 YEARS Capital & Surplus Over $9.000.000 17th and H Streets, N. W. Washington, D. C. MISCELLANFOT® e e ‘Monotype % $toraxe s Drur Storee pid jtv Stor, ki SBPeS2322 S PEE PSS All Fruit Se... 6'2% FIRST MORTGAGES Value proved. improved real estate in Washington and its ad- joining subdivisions protects vour principal. Unfailing semi- annual interest payments as- sure your gain. F. SAUL A Third of a Cemtury Without a Less B. Main 2100 CO. I5th St NOW., THERE IS NO SUBSTITUTE FOR .SAFETY FINANCIAL. The New York Life Insurance Company First Mortgage Loans On Improved Real Fstate in the District of Columbia and Nearby Suburbs in Montgomery County, Maryland 3 Years, 5 Years, 10 Years 51/2% B Froperie RANDALL H. HAGNER*® COMPANY Incorporated MORTGAGE LoaAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main $700 Homes . Apartments AFE INSURANCE COMPANY 7 BosTON, MASSACHUSLTTS —invites applications for loans on Washington real estate. Prompt action; lowest current rates. ROSSEHELPS 1417 K Street—Main 9300 No Appraisal or Settlement Fees Minsmum Title Exf(‘nse Our Financial Experts Specialize Your Individual Case HATEVER your financial pro- Fleswmasibes wakicanthalp you make a profitable decision re- garding the establishment of A Finsnciabl Suepliat sdditheh Fivests ment of Capital. Never in the history of our busi- ness has any investor lost a penny in capital or interest through invest- ment in our Buy Your Home through a Real Estate Loan Our arrangement with the Met- ropolitan Life Insurance Com- pany enables us to loan you money on Real Estate on terms and rates most reasonable in character. WEAVER _BRO REALTORS 809 15th St. N.W, Main 9486 First Monage Securities It’s Not Unusual ~-te find an Individual Exac- ntor ar Trustes, named in a Will 10 settle an Fstate, who declines 10 serve. hecause of pressiure of business, illness or other reasons. T Which point offers a eon- crete illustration of the wis- dom of appointing a Cor porate Fiduciary in yeur Will. Such an institution as this enjovs perpetual life, is never ill. absent or away from the post of duty. 22 Our Trus! Oficer alad to talk ahout WILL sith you il he YOI'R Oldest Savings Institution in Washington Cor. 15th and New York Ave. . WHY SMITH BONDS ARE SAFE BONDS S the result of 53 years of preven safety in (", real estate first mortgage investments, The F. H. Smith Company has gained the confidence of investors throughout the world. Men and ‘women in 48 States and in 33 countries and terri- tories abroad have selected Smith Bonds for the investment of their funds. This 53-year record of proven safety has heen es- tablished, and the confidence of these thousands of investors has been gained, hecause the firat mortgages securing Smith Bonds are conserva- tively made. We require of the owners that the building sites be chosen with a view to future as well as to pres- ent values: the buildings designed by skilled architects and constructed by responsible build- ers; the locations and types of building must be selected in response to a well-established rental demand; and the first mortgages are made only for safe, conservative percentages of values de- termined by independent, expert appraisers. Then, for the further protection of investors in Smith Bonds, part of each iseue is paid off an- nually, thus constantly increasing the margin of safety. Smith Bonds, peying 6'4%, are sold in $1,000, $500 and $100 denominations, outright or under our Investment Savings Plan, which pays the full rate of hond interest on monthly payments. Fill out and mail the form below for our bookiets, “Fifty-three Years of Proven Safety” and “How to Build an Independent Income " THE F. H.SMITH Co. Founded 1873 | SMITH BUILDING: Washington, D.C.--Main 6464 NEW YORK PHILADELPHIA PITTSBURGH BOSTON BUFFALO ALBANY MINNEAPOLIS' NO LOSS TO ANY INVESTOR N 53 YEARS Name.. . Address ..