Evening Star Newspaper, January 11, 1927, Page 13

FINANCIAL. 3 THE EVENING BTAR, WASHINGTON, D." €, TUESDAY, -TA\IUARY. 1, , | WASH DECLARES DIVIDEND. | RECEIPTS AT BALTIMORE FINANCIAL. 1927. hd 13 NEW YORK CURB MARKET Money to Loan Secured by first deed of lrflull on real estate, Salesmen Wanted SRR & Tened by leading New York bond hou; L GF LIVE STOCK SMALLER‘ Assistant Wanted da dec] a quarterly dl\lde‘nd of Recelved by Private Wire Direct to The Star Office 67Ind P & L 68 A b . i b ollowing is a list of bonds and TP stocks traded in on' the New York Injer Paper Lehigh Pow B Lib MeN & . INDUSTRIALS Hi % Alpha Port Cm n 4 1 Alim Co n pfd. 10° 1% Am A D108 3 m B Okla N'Gas Blas 0 Pow ilgs (’, O Pow 5 " TOhio Pow 2 Qhio Riv 30 Pan P Am Pow & L pid w05 Supernow B P ol T T+ G 1ons 15 Pob Ser N J 1003 PO ithw . 06 % 10 % 111 &S Spring & B “ommonw P C 1 P n pf i cotiriaylde Curtis b x"l»« For R € Mot. . PEPREFEE - a0 WA R ¢ 21 War 16 West U % | Sales in FOREIGN BONDS thousands TR #1ts 077 Wi fin pniness € 5t § Hires Ch A $ynd Ravoy ¢ Lnaur Co N A- 8% Intl r i i Ohne Many n’ W 275 Johne M 1d wi 481 T Kawneer & Co e e 20 Krunn Fig Teo Tietz C Tow Anet 7 BRMM &S 76 ‘47107 10014 inran 111 100% 1061 MMM % 1 Mor Bk D«'n fl«“li 1 Muni Medeliin 88103% 20 Pern_ 748, 100 6 Rus G &Lan s cta 19 10 Fal A 981 o S M T 8%s 081 1 pf 1008 s ‘34 B 10415 St Hambure 6. 0810 innes H 7s '3 16 184 Anefeld A war Marmon_ Mot 3 Meeabi Tron - Metro Chain Str Miller Rub pi fohawk Hud Po 1 Mohawk Val n. M M el tnnes H 7o 1\\wnv&r‘» T }..,;‘9 A 0678 SW w100 0634 1 93l ' Nae Se pf w N Pu Sér B at Sug R N J L § Nor Sta B C A.. 8 Northe Pow .. 1 Pac G&E 1 1et b 2 Pac St Boiler.-. 2 Penn Ohlo Sec’ p Penn Wat Pow 1 Philip Morris. . 7 Philip Morris A 1 pilleb FI M Ine; 5! % Pittsb & Lake E. 1763 T Proct & Pridence, Co pfd 1 Pug S P & L. Pug 8 Raka Kar Bur'n 4 Rand Kar Bur w423 2 Rem Nois T C pid 190 New Bond Issues PR NEW YORK. January 11 (Special). —A banking group comprised of Har- ris, Forbes & Co, E. H. Rollins & Sons and Coffin & Burr announce the sale of an additional offering of $15,- 000,000 Southern California FEdison Co. refunding mortgage gold bonds, series of 5s, due 1951. The bonds are priced at 981%, to yield over 5.10 per cent, and are redeemable on any in- | terest date at 105 and interest until and Including 1941, the premium thereafter decreasing % per cent per annum, the bonds being redeemable January 1, 1951, at 100 and interest. SEE A EEEs S o " 35 Honsr e S e SSRET B oErEr i 3 v El Corp... @ Silica Gel vte. 14 Singer Mfe. 4 Sou Gas &P Qs e L 2Sou P & Stand (um (l tutz Mot . 3 Swift Intl 2 Tex Pac Land 2 Timken Axle. Todd Ship.. Trans Lux Pic A. S O] oS LR o] EaE S N U N A new issue of $14,505,000 City of | Detroit 43, and 41 per cent bonds is being_offered by a syndicate headed | FEFL Sy R e o Stuart & Co. and Blair & Co, The | bonds mature serially, January 1, 1928 to, 1957, $3.000.000 of the 41 bonds being due January 1, 1957, are priced o yield 4% per cent and $11505,000 of the 43 per cent bonds, maturing 1928 to 1957, are priced to yield from 4 to 4.15 per cent. E. H. Rollins & Sons, heading the syndicate offering the United Electric Service Co. of Italy Tfirst mortgage 7 per cent bonds, series A, priced at 921, to vield 7% per cent, announce that .the issue has all béen sold. Tm G 60 Uni Lt & FEARR FERRRER B # S FF #F - Bevns o 2.8FIEEE Bk EE S Hm o P T M'n pfd Y¥TM n v btd Warner Bros Pic, W Daury Prod s West Md 1st pid 98 fakied. uNinG sTocks 10 Am C M & M Ltd .05 2'Am ~Explora. 1 Anglo Chil € 'N 1 Bunker Hill Min 10 Calumet & Jerome 4 Cons Cop " Mines 20 Cortez _ Silver. .. 4 3 Eng Gld M Ltd I Falcoly Lead Min . Golden State 100 Hawthornt M 1 395 Kay Copper Cor. 15 Nipissing 21 Noranda 10 Ohio_Cop 1 Patmo Mines 10 Plymouth Lead M an Toy. .. Teck Hughes Tono Belmon. . E2ES o chpersn Suomms B28% on 2% B Harris, Forbes & Co., the National City Co., Bankers' Trust Co. and the Marine Trust Co. of Buffalo announce the sale of a new issue of $2,315,000 Erie «County, N. Y., 41 per cent gold honds, due serially, 1928 to 1957, at prices to yield from 3.60 to 3.95 per cent. The bonds are issued for high- county building, road and park purposes. 5 oambi SeeS of Saskatchewan, Canada, 4% per 10 West End C 10 West End Ext .. Saler INDEPENDENT OIL STOCKS. hundreds 166 Am Con Oilfids 16 Am Mar: 11 Beacon Oli 1958, is being offered by Dillon, Read & Co., and the Dominion Securities Corporation, Ltd. The bonds are priced at 95%, to vield 4.80 per cent, and are non-callable. Offering of a new issue of $1,000,000 general mortgage 7 per cent bonds of the Manchester Terminal Corpora- tion is expected in the near future by mund Seymour & Co., Cullen and v, and L. D. Pierson and co,, Inc. ompany wil lown and operate the largest cotton warghouse and com- press in Houstor, Tex., which is now 90 per cent mm[nlflfid FOREIGN EXCHANGE 133 32 Grown Cen' Pet.. 3 Doy O & R bt 17 Gibson Ol Cor.. 30 Gulf Oil ot Pa. 10 Leonard Oil Star G n'D I Synd 9 Mex Ohio 10 Mex Ol .0 18 Mex Panuco u«:uml P Nom London, pound. Montreal. dollar Paris. franc Brugsels, {ran Berlin, mark. Rome lira Zurich, Athens. | Madrid, peseta. .. | Vienna. crown.’. 4 | Budapest. crown | Prague. Renter i Oi' ‘R 3 Rester-Foster oyl Con O & R g ’x‘tk Prod. .. i Venezueian (ileox O & G 1 PG : B Eits OIL 1SSUE: arsaw. Zloty «, STANDARD OIL ISSU oA li . ‘2 | Galo"Crswm . < g Cont 01 - | Stocichoim, erown’. 80 Eureka B L a4 | 30 Ga 51 Ot vid o3 | 1R B B |FEDERAL LAXD BANK BONDS. 300 MR 2 2 | (@uotea by Alex. Brown & Sons: 700 Imp Q"0f ‘Can 1 . Approc 100 Inter Pet’C Lui 2 .. | Rate- -Maturit: Asked! at Transit % 13 | h " ] o 01l g - 100 Penn_Mex ¥ 1000 Prairic 0 & G 0 ! o:E‘:‘EZS;ESZZE‘E_ 22922882 "T00 8 O Kansis 1008 O Ky 4005 O N ¥ 'w 108 0 Ohio 1000 Vacuum Oil 7 Alum 'Iu n b6 Am & 20 Am 1Am l‘ L BRARARARR AR BONDS SRR AR 838, SHOR.T TEB.M SECU‘BITIES (Reported by J. & W. Seligman & Co.) Tose.— Offer. 104 %% 1% Adirond. P &L | Aluminum Co. A 7 Beacon S Bell T (€ @ Bost & Me i Brun T & N P B A 107 hil G 973 Orekon Short (31 Penna, R. R. 45 1931 Pure Ol Co. Bax 1 Sined_Crude 01 Por 3 R nion, Fac C L& Py Lo Y Rher o S Smelting Co. 534 1935 Cent. Ry. Co, 5¥%s 1927 100 Gatincan Pow Gaunean Pow 68 Gen Pct Bs 1 Grand Trk 8%s1 Gut 0 Corp B 10 0 P 5’47 Wi 10 Gur S 1015 | 3 1088% |1 10035 1003 10085, 788 9% NG ood h Glgs. 081 28 v Limesione 6s 9938 it U U T l Wi jiu | NEW X | being 3 to 7 9 | trading. by the First National Bank, Halsey, | $6,000,000 | A new issue of $1,468,500 Province | cent gold debentures, due January 15, | (Quotations furnished by W. B. Hibbs & Co.) | Closing) | 9 | Jonn B. Larner. Ci PRICES ADVANCING Trade Buying to Fix Values Factors. by Wi amovciaed Press. YORK, January 11.—The | cotton market showed renewed stead- | iness at the opening today, first prices points higher on a re- of vester buying move- which seemed to find additional | encourugement in Liverpool cable ad- | vices and reports of continued trade buying to fix prices. ‘The advance extended to March and 13.55 for July in early new high ground for the movement and net gains of ahout 5 to § points. some Southern selling on the up turn, w absorbed, giving the mar- ket a very steady undertone during the first hour Private cabl | newal | ment, 18.18 for reported local and continental buying in Liverpool and said there was an extensive inquiry for cotton cloths from India, with im- rproved demand from China New Orleans Market. ORLEANS, January 11 (®). arket opened steady NEW ~~The cotton here today gains of 4 to 7 points. Liverpool ca- bles were not as good as due, but spot es there were again reported as further rading_ to and July to 13.46, 8 points above Zing was attrs advance and prices soon eased off 2 to 4 points. — CUDAHY HEADS RE-. ELECTED CHICAGO, January 11 OP).—All members of the present board of di- rectors of the Cudahy Packing Co. were re-elected at a meeting held yes- terday in Portland, Me. At a ses- sion of the re-elected members of the board of directors, held immediately afterward, the board in turn re-elected all of the company’s officers, which included E. A. Cudahy, chairman of the board; E. A. Cudahy, jr., presi- dent, and F. E. Wilhelm,” vice presi- dent. OHIO BANK CLOSED. COLUMBUS, Ohio, January 11 (P). —The People’s Banking Co. of Am- | sterdam, Ohio, was closed today by the State Banking Department. Frozen assets were ascribed as the reason. The bank was capitalized. at $25,000 |and had total resources of $420,000. REPORT OF CONDITION AND TRUST CO.. At Washington, in the District of Columbia, at the, clos of business on December | RESOURCES | 1. a Loans and discounts, in- cluding_rediscounts,” ac- ceptances of other banks | and foreign bills of ex- | change or drafts. sold wih' indorsement ~ of this bank. . -$9.531,780.20 . Overdrafts. secured,"$9 unsecured, $1.- 002,07 704 80 i g . U S, Government securi- ties owned: | b Al other United States Governmentsecurities i {including premium, | any) . Other _bonds, curities, ete.. . Banking ~houses, ~$1.04: 690.83: furniture ar fixtures, 200.5¢ vaults and s $8 8.25 1,153.430.67 estate owned other than banking houses... 414,580.02 . Cash in vault and amouni due from national banks 2,231.087.32 . Amount due from State banks, bankers, " and trust ‘companies in the United States (other than included item . Exthanges house . Checks on’ ofher banks in the same city or town 2 reporting bank (other than item 12) Total of items 10, 10,706.87 stocks, ‘se- owned. .. 2,478,695.10 i 363.408.03 300.808.01 10,742,568 118,616.00 -$16,872.988.85 LIABILITIES. Capital stock paid in Surplus fund a Undivided profit Reeerved for taxes. inter est, et accrued. . Amotint due national banks .. . Amount duc fo 8tate ban bankers, and trust_com: panies ‘in’ the United States and foreign coun- tries (other than in- cluded in item 25). | 27. Certifiel " checks o standing T . Cashier's . standing ... Total of item: 27 i na b 867 01 14 Demand denosits ' (other than bank__deposits) subject to reserve (de- posits payable within 30 dava) : . Individual _devosits ject to check . Certificates of deposit’ due in less than 30 dave | {other than for money i borrowed | . Dividends unpaid Total of demand | (other than posits) subject ve. items 29, $9.802 (payable _ after 30 . or_ subject to 30 days ‘or more notice. and postal savings) . Certificates of "deposit {other than for money borrowed ) g . Other time deposits: Total of time deposits sub- $1.000.000.00 1000.000.00 213.849.14 32,925.86 207.327.26 19459034 7.428.24 58,673.30 sub- 9.709.702.83 1.655.00 808.20 50.4°15.09 04,927 44 | velers' for cash nna outstand- Ang: 5aa Tota) District of Calnmbia, ity of Waskinkton. » 10.774.556 $16 872.08K 85 |8 ! | i i | | | | TUCHARLES R, GRANT. tregsurer of | anovenamed bank. do- solemnis swear that | | ibe Abm’ statement fu rie 1o the' best of | [ my oSG PR WIER AN, Trensurer | Subscrineg. Bt sworn. {0 béfora me ths o 02" | 7en"day of January 1027, 07 o0 Notary Public. John Joy ‘Edson, Harry G Meem, Arthur Peter. . Albert F. Fox. John A Johnston, Kefersteln | . Correct—Attest: - | Harvey W Wiley, S H. Kauftmann Donaid Wood Frederick V T.eo Kolb. Keep on Hand For the convenience of our clients, a limited amount of Gilt-Edge First Mortgage Notes in amounts of $100 up bearing 61, interest Start the New Year in the Direction of Thrift BUY AN INVESTMENT No form of security safer— Few as safe CHAS. D. SAGER 924 14th St. N.W. Loan Department Liverpool Cable Advices and A good deal of realizing and | and first trades showed | WASHINGTON- LOAN | 250.315.15 | Special Dispatch to The Star BALTIMORE, January ll.—“’lth; few exceptions, live stock shipments | and receipts at Baltimore were small- | er during 1926 than In the year pre- ceding, according to the annual m‘ port of the Union Stock Yard Co. commending upon the decrease the | report said: | “Tho decrease in receipts of live | stock s from varous causes. 1In| the matter of cattle, quite a great number (which are usually shipped | for beef) were held in the country and put back into the feed lots. “There was a short crop of sheep last Winter and Spring, quite a num- | | ber of lambs dying off. | “Hogs had a big slump in 1924 and | 1925, and when it was thought this past’ Fall that there would be a good | crop, the cholera got into the herds in Ohio, Indiana and other Middle- | western' estates and depleted them from 17 to 20 per cent. There were, however. a greater number slaugh in Baltimore in 1926 than in 81 a nharo on the common stock, | thus placing the issue on u $4 annual jbasis. Since early last year when |Nash Motors distributed a 900 per jcent stock dividend, its common shares have received dividends of 50 cents quarterly, or § vear reg! 1y, in addition to which extras of 50 cent and $1 were paid in October and Au- gust, respectively. WILL CLOSE COTTON MILL. NEW BEDFORD, Mass., January |11 UP.—The Manomet mills, New Bedford’s largest cotton yarn manu- facturing plant, with a total spindle- jage of 318000 and employing between {4,000 and 4 500 hands in normal times, re to be closed down indefinitely, just as £00n as the stock in process 18 run {off. William Whitman, president of the corporation, Ve no re; n {other than conditions prevailing in {the cotton industry made it impossible for the Manomet to- operate at a profit. i - B PRICES ON PARIS BOURSE. January 11 (#)- {were firm on the Rourse today PORT OF CONDITION ~Prices S Of the Per cent rentan: £ i monanee| SEVENTH STREET SAVINGS BANK, on London, 1 francs, 4ll t‘flllhnesv cent loan, 62 francs, 85 cen- ‘. ity of The dollar was quotec At 7ih and N Sts. N.W. in_the City e dollar was quoted at S 1 he close of business on December 31. francs, 22 centimes. RESOURC 1. a Loans and discounts, in- cluding _ rediscounts.” ac- ceptances of other banks and foreign bills of ex- hange or drafts. sold it indorsement " of his banlk. R Overdrafts, ared. $4. : ‘uneecured. $6.58 vernment securi- ned ther United States Govarnment " ascarities (inciuding premiums, if any) l)lh[‘ Inuid-& llmk‘ securi- s, tes. owned Banking house. $44.- 512.11: furniture and fixtures, $5.400 . Cash in vault and amount ‘due from national banks . Amount Cdue - from State banks. banker Vit compani Unitea State than included 10) . . .o Exchanges for ™ “"u"”; i and otal of ftem 13 !l'll 542 37 h ok nd " drafts ~on ks (iheluding Federal Reserve " Bank) located Oteide of ey or town Pamkor0® | $4.002.09 . 912865 . 13.161.54 $1.864,907.77 REPORT OF THE CONDITION of the Bank of Commerce ! & Savings { At Washington, in the District of Columbia, at the close of business on Dec, 31. 1920, $1.532,670 32 4.389.00 1.2 Loane and it cluding rediscounts, ceptances of other banks, and foreizn hills of ex. change or drafts sold with indorsement of his bank.$1,170,0. - Querdrafts §50.00 ac 122,481.44 | 050 49.912.11 | 80,966.79 42 07 owned ther Tnited States nment securities (including premiums, i any) s . Other bonds. rities, ete., . Banking 770.4 fures &0 905 1 . Small steel b . Cash in vault and due from national banks. b Miscellaneous cash itema Total 121,996,569 54.947.40 i item : r!cnrms & Tionse furniture -u\d - 14 amount $1,857.841.31 LTABILITIES. stock paid in fand ed nrofite due to Canita Suenly a Undiy $100.000.00 170,000 00 20.039.87 | Amount hanve . : . Amannt due fo Siate Banks bankars and_triat | com- Panies in the Tnited States and foreien eountries (ather than fneluded In item - Certified ~ checis e atand ne 28. Cashier's ing . Total of jtema % of and 28... S1R917 Demand denosite than hank deposite) innt 10 resarve (denosts rarabla within' 20 davel Individnal deposits subjéet chacl Certificates” af " dennsit in less than 30 fother than for horrowad 33, Dividends nnpaid Total of demand nosite (othar hank deposits) eubfect natfonal a5 5 $100.000.00 3 LIABI ,‘ E Canital stock pald‘in. - 100.000.99 Surpliin " fund S n‘; .,:‘ $27.816.98 ) Reserve for in- PReren® " e.00000 Certified 6.860.97 860.82 11.035.74 33.816.98 | 147.80 12.740.42 “checks outstand- dpn?mu (other Pk denosite) bject to reserve (de Tatts ‘pasable within 30 Individual sub- e . Ceftificates 0f denarit in"less than 80 da other than for money borrowed) - 2. Digidends unoaid. otal of demant ey ahbiect 10 jeposits)_aubjec rerve items 50, 30 g 54 S50 a5 an Time""denonits _subject. to (payable " after o anbiect 0 dve, or more notice. 1 ‘Doatal. snvings) Certifientes . 'of . deposit lathar than for ‘money horrowed! Qther time depy i 5t 573841007 08 29, 30, 4 620,030.13 dnva money denosits 713.480.68 | 228 047 10 4.049.20 de. o 8.083.01 6.030.00 reserve (nava dave. or anhlect to 30 dave or_more notice. and po Cortificates (other than horrowed) 37, Othar time 4 Total _of | | Tima denosite | { | | | of for denasit money 35. 195 400 70 denosite reserve, 737.957 3 PSR and "37.. “Total District.af Columhin Ciy i T. JOHN M. RIORDON. cashier of th above:named hank. do enlemnly swear that the above statemant fa trne to the best of my knowledve and helief | JOHN M. RIORDON. Cashier. guipscribed and swacs to before me. thie th dav of January, 19 (Seal.) HARRY §. WOLF. ‘Notary Public. THOWARTY aho o solemnly swear |)|m| fhe above statement {s true to the best of v knowied A h mY Knowieqge and heliel 0 o enier. anbacribed, and. worn to before me. this 7th dav of January, 1027, Lo, nn Cesia Notary Pubite. Correct—Attest JOSEPH R._THOMAS, Soln R WhiaHT. b Directors. Correct—Attest : i REPORT OF CONDITION Of the AMERICAN SECURITY AND TRUST COMPANY j At Washington, in the District of Columbia, at the close of business on December 31, 1926. RESOURCES. including rediscounts, acceptances of L and discounts, g bills of exchange or drafts, sold ~ other banks and foreig » | 25. Amount due to national banks $18,490,627.24 | v bank . with indorsement of this banl 3.766.72 2. Overdrafts, secured, $354.12; unsecured, $3,412.60. 3. U. S. Government securities owned: b All other United States Government securities (including premiums, if any).. . s 4. Other bonds, stocks, securities, etc. 6. Banking houses, $1,418,822.51; $239,412.59 . 7. Real estate owned other than banking house. 10, Cash in vault and amount due from national banks 11, Amount due from State banks, bankers and trust c in the United States (other than included in item 10) . Exchanges for clearing house g B el of items 10, 11 and 12. .$4,746,444.03 14. a Checks and drafts on banks (including Federal v Reserve Bank) located outside of city or town of reporting bank : 2 b Miscellaneous cash items . 3,948,714.86 | 7,240,266.99 1,668,235.10 86,148.00 8,067,765.59 1,113,410.93 ' 675,267.51 owned. lurnllure and fixtures, 559,601.75 | 293,955.10 1$37,026,759.79 | | LIABILITIES. | 19. Capital stock paid in SRR 20. Surplus fund . |21, a Undivided profits b Reserve for clerks’ pension fund Contingencies Dividends .... $3,400,000.00 3,000,000.00 3,724.20 . 170,000.00 —_— 599,597.37 203,253.37 511,514.68 | 219,103.50 222,914.52 502,273.89 Reserved for taxes, interest, etc., acerued. 26, Amount due to State banks, bankers and trust companies in i the United States and foreign ~countries (other than i included in itent 25) .. % |27. Certified checks outstanding . 28. Cashiler's checks outstanding . Total of items 25, 26, 27 and 28. Demand deposits (other than bank dep: serve (deposits payable within 30 day: 29. Individual deposits subject to check. . 13,537,582.65 30. Certificates of deposit due in less than 30 days (other than for money borrowed) . 19,609.92 33. Dividends unpaid 2172.00 34, Other demand deposits—Trust 1,496/480.26 Total of demand deposits (other than.bank deposits) subject to reserve, items 29, 80, 33 and 34 $15,065,844.83 Time deposits subject to reserve (payable after 30 days, or subject to 30 days’ or more notice, and postal savings): 35. Certificates of deposit (other than for money borrowed). 87. Other time deposits Total of time deposits subject to reserve, items B5and 8t ;.. ...$12,751,486.40 39. United States deposits (other than postal, savings), ihcluding war loan deposit account and deposits of United, sv.mes disbursing officers . Agreements to repurchase ties sold 48. ‘Liabilities other than those above stated 88,192.67 12,663,293.78 9,900.00 542,100.00 8,771.13 o B0 B s $87,026,759.79 District of Col a, S8. 1, CHARLES E. HOW | swear that the above statement bellef, Subscribed and sworn ! (Seal.) Correct—Attest: C. J. BELL, HGWARD MORAN CORCORAN THOM, HARRY K. BOSES HOWARD S. REESIDE, G. PERCY McGLUE, JAMES F. HOOD, . WM. J. FLATHER, Jr., GILBERT H. GROSVEN B. F. SAUL, EDWARD B. McLEAN, treasurer of the above-named bank, do solemnly frue to the best of my knowledge and CHARLES E. HOWE, Treasurer. ihis 5th day of January, 1927. I'H J. WINFIELD, Notary Public. W. S. CORBY, (GEORGE W. BROWN, WILLIAM W. EVERETT, JAMES F. SHEA, *CLARENCE F. NORMENT, J. PHILIP IERRMANN, M. G. GIBBS, NEWBOLD NOYES, JAMES M. GREEN, J. C. BOYD, OR, M e r ¢ handise Advertising, and Experience, Personality Tact—requirements for posi- tion open as Assistant Man- ager of commercial organiza tion. Salary, $2.000 to start Address Box tar Office. ~LiFE INSURANCE COMPANY 5 loans Resldences. Apartments or Business 7 Properties Phone_Main 9300 BOSS A0 PHELPS No_Charge 1417 K Street N.W. tppraisals ‘or Settiements We will gladly receive lnd give prompt attention to applications for Loans on Washington Real Estate Current rates of inter- est. Should you havc Money to Invest —we can also take care of you. Our experience, ex- tending over a period of Thirty-five Years —insures _vonr protection. Percy H. Russell Co. 926 15th St. N.W. Listed stocks and bonds bought and sold on commission. Accounts carried on a conservative marginal basis. We invite correspondence on securities 'HarrimAN & Co. Members N. Y. Stock Exchange 111 Broadway, New York WASHINGTON OFFICE 729 15th St. N. W. phone: Main 1605. 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 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 G T 7 Serial Gold Bonds Provision made for payment N of District of Columbia Five Mill Tax MATURITIES: 2 TO 12 YEARS AMERICAN BOND & MorTGAGE (0. Established 1904 Incorporated T ) 17th and H Streets, N. W. Washington, D. C. Please send me, without obligation, | complete Information _ regarding the 6%3 Bonds you are b | | ipeneneet ismen v < || FIRST MORTGAGES FOR SALE Iy confidential—Address Box Star offic ”Wmmm‘ CONSULT US —for investment of vour surpius funds. Look | 1o the future by iuvesting NOw, wm. H. Saunders Co, INVESTORS BUY In denominations of $250, $500, $750, $1,000 and upward. cured on improved real estate situated the District of Columbi: JAMES F. SHEA 643 Louisiana Ave. N.W. ne Founded 1687 1433 K ot. o.w. Washington. . The New York Life Insurance Company Offers First Monjtgage Loans On Improved Real Estate in the District of Columbia and Nearby Suburbs in Montgomery County, Maryland 3 Years, 5 Years, 10 Years = RANDALL H. FAGNER & COMPANY Incorporated MORTGAGE LoAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Homes Capital and Surplus $3,000,000.00 It’sNotEnough —that your family be well taken care of during your life- time: Ample provision must be made for them after you're gone. {Nothing can work more suc- cessfully to that'end than a binding Will, naming as Execu- tor or Trustee, an institution such as this. & Confer with us about YOUR WILL | National Savings & Trust Co. 59th Oldest Savings Depository in District of Columbia Corner 15th and New York Ave. Your New Year’s Investment Should Include a Guaranteed First Mortgage! If you plan to make an investment—we suggest that_you decide ‘upon one of our guaranteed first mortgages. Your money is secured by improved real estate, with maturities available to meet your needs. 6]/2% First Mortgages —on fmproved real estate in the District of Columbia ideally situated. We hace a number that will meet with your amount of investment. Our service t0 you insures prompt payment of interest semi-annually. ortgage Bond and Guaranty Corporation 1006 Vermont Ave.—Main 10444 Continuity of Service LITTLE more than twentyy years ago Shannon & Luchs, Inc., commenced selling First Mortgage Notes on a small scale. ESsty i yéari cori hiakeragesiusinses has increased—Every year we have satisfactorily served clients— and because they have never lost a penny in either Principal or Interest, we have made them our friends. We offer you the advantage of twenty years of Succ Investment Experience FELR'ST, MORTGAGES CHOSEN BY MANY TRUSTEES Many trustees and executors of estates choose B. F. Saul Co. safe securities to protect the trust funds for which they are responsible. A Third of a Cen- . tury of productive safety is be- hind our 6'%2% FIRST MORTGAGES In these your surplus funds are secured by improved real es- tate in Washington and its ad- joining subdivisions 'conserva- tively appraised at about twice the amount of our Mortgage on it. Your interest payments are regular, assuredly B. F. SAUL CO. Main 2100 925 15th St. A Third of a Century IWithout a Loss N.W. THERE IS NO SUBSTITUTE FOR SAFETY