Evening Star Newspaper, December 22, 1926, Page 15

FINANCIAL. FERTILIZER PRICE DECLINE FORESEEN New Nitrate Process Is Used| . at American Smelting and Refining Plant. BY J. €. ROYI Special Dispatch to The NEW YORK. Decemt Stuntial deciines the prices of chemicals which Mnake wp comme cording to s should brin cially to the Sout e 1 f the West, wisich did not enjoy liberal returns from their 1926 crops. One of the tactors calculated to bring the cost of proper fertilization of the soil to more moderate figures ' is the inauguration of operatior a commercial scale at the Ame Smelting and Refining Co.’s Norte nitrate plant on the nitrate pampa. This plant represen the results of 10 years’ study on th part of the Guggenheim engineers into the possibility of employin Jeaching methods for the extraction of ‘sodium nitrate from the rock as mined from the ground Cost Is Reduced. Their work has now progreased | e of labo tory investig: opment and The engineer ing process which cut a from the cost of mit and_which ter than 90 t purity. in the raw products mined Norte _the potassium and magnesium ions elements thrown off under electrol 1f maintained in tions in the prevent the formation of double compounds which take up part of the sodium nitrate. These insolu- ble compounds hitherto had prevented satisfactory ext In addition it increasing the co . stabilizing ions, sodium sulphate compound already ex- fsting in the raw material could be broken down, freeing the nitrate and tying up the sulphate with the stabil- izing iron. Als was found that the solution in the crystallizing process the sodium nif could be cooled to a much lower tem- perature without .depositing the sodi- um sulphate with the sodium nitrate. Other Fuel Unnecessary. The process was developed to such ®n extent that the heat generated by the chemical action itself made other fuel unnecessary, except to operate the power plant. In addition the com- pany equiped the Coya Norte plant with the most efficient of labor-saving machinery for mining and handling, and thus further reduced the costs. The dependence on Chilean nitrates has been continually emphasized in this country since the development of the artificial nitrate plants at Muscle \Shoals was begun. The reduction in the cost of the Chilean nitrate will b_rlgg it in direct (‘omg:tlt‘k?n with the Loans at 57 to 5% Eccnomical Conditions Tyler & Rutherford Loan Correspondent of the Mutual Benefit Life Ins. Co. Newark, N. J. 1018 Vermont Ave. Main 475 "IRST MORTGAGES FOR SALE 6‘/2 o/a THE TV!B 0? !'gll‘C_SIlTY I’\ 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 ' | held among ferti | wider in Germany, and and stabllize ferti- lizer costs to farmers all over the country. Nitrate prices for the last six months have been well under of the corresponding period of sh still is relatively high in but the drop in ocean freight | rates’ is calculated to rveduce tions on thix_commodity, ‘which s ran cent of the is produced , most of it the ani- E » have not shown 3 It is men that even div ation in the sult_of restrict! on ge will not obviate the| o quantities of fer T crop . A Fool and His® Money. The fact that a stock certificate is printed in fancy green scroliwork Is no proof that it is worth any more than ordinary wall paper. Thousands of people in Washington would have saved their money if they simply had asked their banker to tell them what hel knew of some supposedly wonder: ful inv Secured by first deed ef tru iling_interest and Pre Joseph 1. Weller 420 Wath "'-L lll papers § o e Py ..5:%.* Furniture Loan ‘Will Be Pres(dent 01 Merged Palm- Soap Co quota- | f *|ger of the two firms, stockholders of the formed. A. W chalrman of the enlarged from fiv City and business offices will be main- tained as Lowest Rates of Tuterest and Commission. _| Thomas J. Fisher & C. THE EVENING PEARCE TO HEAD FIRM. olive-Peet Co. { CHICAGO, December ) Charles 8. Pearce of th Imolive will hecome president and general manager of the Palmolive. >eet (‘0. upon completion of the mer. have been will be nan d, which will seven members. Palmolive ( in- Factories at Milwaukee and Kansas at present. sossssee CONSULT US —for eafe investment of | your surplue funde. Look \9 {pe future Ly investing \nn I buumlern Co, Founded 1887, 1433 K . o Waskingion. . &, mm« 6%2% First Mortgage Notes Trompt Action. First Mortgage Loans 'ompany, Inc. 738 15th Street. WE PAY MORE INTEREST ON SAVINGS ACCOUNTS Than Any Other National Bank in Washington Interest on DAILY Balances Come in and let us explain - 9] Commercial Nat'l Bank 14th and G Streets Resources $17,000,000 8. GOLDEN DONALDSON. PRESIDENT Procurement Co. 702 Pistrict National Bank Blde We wilf gladly receive and give prompt attention to apphcaums for Loans on Washington Real Estate Current rates of inter- est. Should you havc Money to Inwest —we can also take care of you. Our expcnenee. ex- tending over a period of ily-fiv. YGII" —insures _your protect] Percy H. Russell 926 15th St. N.W. Over 8Y2% Yield SAFE and DEPENDABLE Collateral Trustee Certiofi's_:nlel THE NEW ENGLAND INVESTMENT TRUST, Federal Natienal Bank of ’ndnn, Trustee ieipat- n 80 dlfllen; Datine Ror ' bracing every INC. s linted _u":'"n:“ o E-illnl and m fl ( o I Thro vers e e ]fl:_i [nv:srmm Sucunrmize WOODWARD BUILBING A Third of I v 1 P Main 2100 —for you is the object of our Property Management your property, ¥ of earnings. surance and janitor provi- sion all are attended to with profit-protecting ex- B. F. SAUL CO. Better Apartment Profits department. We analyze and give ou periodical statements Leases, col- ections, maintenance, in- perience. 925 15th St. N.W. THE WASHINGTON LOAN AND TRUST COMPANY PIONEER TRUST COMPANY OF WASHINGTON In addition to the vari years, this Company now ious facilities rendered for offers the services of its COMMERCIAL DEPARTMENT and suggests that those interested in this branch of our business con- sult with the officer in charge. JOHN B. LARNER, : President. Listed stocks and bonds bought and | sold on commission. Accounts carried on a conservative marginal basis. ‘We invite correspondence on securitles HARRIMAN & Co. Members N. Y. Stock Exchange 111 Broadway, New York WASHINGTON OFFICE 729 15th St. N. W. Telephone: Main 1603. Arc you one who must — STAR, WASHINGTON, D. | Special Dispatel to The Star. DECEMBER 22, 1926. REVENUES INCREASE. _ $243000 ae Baltimore Trolley Company Re- turns for November Heavier. A geologists sent by the \N.In | an Oil Co. to Guate; rk on holdings of MOF of the uti reven which enue . The con amounted to $1 out 4,500,000 acre To All Investors in Real Estate Bonds What is the present situation, and what will be the future situation in real estate bonds? What changes have taken place in this important department of finance during the last year? What new safegnards must be placed around this class of securities? What are the future market possibilities in build- ing bonds? What protectionsshould investors demand before purchasing these securities? All these questions are discussed and answered fully and frankly by Mr. S. W. Straus, our President, in a notable address in Cleveland, which is printed in the December number of the Straus Investors Magazine. Every investor in real estate bonds should read and study this address. A copy of the magazine will be sent to any address on request. Write for BOOKLET 439.G S.W.STRAUS & CO. ESTABLISHED 1882 by 929 FIFTEENTH STREET Telephone Main 5847 WASHINGTON 44 YEARS WITHOUT LOSS TO ANY INVESTOR ? Often a certain type of haulingmust have a certain quality in a motor truck. The demonstrated superiority of the Speed Wagon in these essential qualities accounts for its selection by more than a thousand different businesses. Here’s a nitroglycerine manufacturer, for instance, who ndopted the Speed Wagon because of its easy cushioning against road jolts. An oil well driller because of its ability to get there no matter what the roads or weather, A fine fighting department because of its dependability. A church because of its economy. A logger because of its reliability miles away from garages and careful attention. A’ department store because of its ability to keep to regular delivery schedules. Whenever particular excellence is necessary, you'll find preference turns to Speed Wagon. You can use this ex- cellence in your own business to make your hayling faster, more reliable, more economical. A telephone call will bring a Speed Wagon for your inspection. SPEED WAGON CHASSIS PRICES —as Lonsiag 4-Cviinder 6Cylinder 'Heavy Duty |[ #1090 31240 #1985 THE TREW MOTOR CO., INC. JOSEPH B. TREW, Presiden 1509-1511 14th Street N.W. Main 4173, 4174. 4175 Open Evenisgs and Sundays—New Service Building and Shewreoms 1437 Irving Street N.W. FINANCIAL. The New York Life Insurance Company Offers First Mortgage Loans On Tmproved Real Estate in the District of Columbia and Nearby \uhurlw in Montgomery County, Maryland 3 Years, 5 Years, 10 Years 51%% .. RANDALL-H. HAGNER«& COMPANY Incorporated MORTGAGE LoAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Homes Apartments WE_ARRANGE MORTGAGES —_— e —on Residences —on Business Property —on Apartments Whether your property is improved or you plan Lonstructmg on it, our First Mortgage service is offcrul you. Prompt answers. g Low rate of interest and commission B. F. SAUL CO. Main 2100 925 15th St. N.W. Give a Christmas gift that will APPRECIATE rather than depreciate. Probably no gift would be more warmly ac- cepted than -a - gilt-edged FIRST MORTGAGE N A gift that will SEMI-ANNU- ALLY be a reminder of your conservative thoughtfulness. ANNUAL RETURN 6%2% In Denominations as Low as $100 Equitable Co-Operative Building Ass’n JOHN JOY EDSQN, President WALTEII S. PRATT, Jr., Seeretary 1879 mAR MPL m Assets $5,136,317.22 lllrnh.l $1,406,495.76 Subscriptions for the 92nd Issue of Stock Being Received FIIIO00000000000008 A Resolution for 1927 Resolve now to start the coming new year saving systematically in the Equitable. Once you get started, you'll make it a permanent resolution. '}’l?ose who have used our plan recommend it most highly as the most effective means to accumulate money. 915 F Street Let a SmrtH BoND Man help you select your January Investments HE F, H.Smith Company’s rep- resentative brings you the co- operation of a house which, for more than half a century, has been uniformly successful in helping inves- tors place their funds safely and profitably. Talk over your investment plans with him, and let him recommend the is- sues and maturities that are most suitable for your January needs. The bonds he offers are First Mortgage Bcnd-. pmtecmd by safeguards that have resulted in our record ot \ No Loss to Any Investor in 53 Years ‘They pay 614%. and give you the ben- efit of State and Federal tax provisions that increase the yield. A Smith representative will call, with- out obligatiqn on your part, if you will fill out and mail the form below. THE F. H.SMmrtH Co. Founded 1873 NEW YORK CHICAGO PHILADELPHIA BOSTON ST. LOUIS PITTSBURGH BUFFALQ ALBANY MINNEAPOLIS Please have a representative call on December...uuue..., 1926, [L SON— IR ccsimmscnssceommsosessmesiogrstmsssitmmsisusesssossessanp et ecsisnptpin