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b+ ens, « fowls, young, 50a60: 45a48; young. $0a90; old wmedium, vegetah News & Bgonom i 1 2% inche: condition. medium to moderate, stock, pounds stock, Texas, barrels, crates approxi- mately 3.60a3. moderate, crates, size, 5.50a5 moderate, market stead: California, Iceberg types, 4-5 dozen, 3.0 lght, market steady . pound sacks, New York and Ohjo, 100-pound sacks, yellows, 3.00. mand moderate, market slightly weak- er; Michiga Rurals, around 4. Green quality, 4.00. mand moderate, market firm bushel baske some ordinary condition, 7: moderate; fancy stock, 3.75a4.00. quote. mand good for good stock, market firm: green, quality good, slack pack, 6. mand moderate, mar 60a75, mostly around 65. in day dreams and wake up broke. Never put your name on the dotted lne until you have inquired of some -one about some stock issue that is of- fered to you privately. Price conce: fi from the Pittsburgh district. Crude rubber, smoked ribbed sheets, declined 4 at today’'s noon quotation of 40%. This compares with 3815 a month ago and 87% a year ago. (Quotations furnished by W. B. Hibbs & Co.) indon, pound . jontreal. dollar Brussels. Zurich, Athen: Budapest, crow’ €opephagen. « Orlo erowi. - GERMAN BONDS AND STOCKS. Rid o0t iwlo) B 101418 20506 a orlin 4s pre-war: .. amb, 3s. 3148 & 8 pre-w North North Prussian Congols 3145 Krupp b8 1921 : gmnldml 45 pre-war Y Commers and Privat Bank Dresdner Bank ...... Deu Darmatandter Bank Mereur Bank Vienna Heyden Chemical Austrian A JBerliner Har Adirond. P. Alum_Co. of Am. Tel. & Anacondn Copper 6 FINANCIAL, PRICES ARE STEADY IN CENTER MARKET Slight Advance in Current Re- | ceipt of Eggs in Some Quar- ters Is Reported. There was little change in prices at Wholesale stands in Center Market today, the market remaining «uf Demand &nd supply are running fairly even courses, with remaining advanced | ipts of egg | Jimdl to going from rrent rec trifle, a dezen. Trading in meats was fairly quiet s Wholesale ces, c-pound prints, 36 ackad, 33 43a14; receipts, hen- | 4iadl: Poult chick | 30: urkeys, 4); White Leghorns roosters, 16a17; du old, 20: keats, voung, old, 25a30. Dressed—Tuikeys, capons, fancy, heavy, 45aif 2; chickens, 33a35; kea 35a40; rabb. . 15817 fresh hams, loins, noked shoulder stock——Calves, choice, 15; 12a13; thin, 6a7; lambs, Fruit and Vegetable Review. Today’s magket report on fruits and corgpiled by the Market ervice Bureau of Agricultural Apples—Supplic ight, market steady: and an® Virginia N demand Mary- avmans, wew 3.50: fair quality and 349; boxes, hwestern, rke size extra fancy Stay- | Cabhage—Supplies moderate: demand market fairly steady; old | New York, sacked, per 100 Danish type, 1.75a2.00: new 100 pounds net round type, moderate; demand dull; California. 6.0026.50: large Celery—Supplies market medium - size, Lettuce—Supplies liberal: demand : Arizona and Valley, crates, 3. demand 100- 1 Tmperial Onions — Supplies light: : Michigan, vellows, U. S. No. arge size, 3.10a3.25, hest most No. 1, large size, 2.90a Potato Market Weaker. Potatoes—Supplies moderate; de- , 150-pound sacks, Russet S. No. 1, 4.40a4.65, mostly : Maine, 120-pound sacks, Mountains, S. No. 1, fine Spinach — Supplies moderate; de- Texas, 1.10a1 1.0, demand crates, avoy type, Peppers — Supplies light; Florida, pepper Eggplant—Too few sales réported to Squash—Too few sales reported to uote. String beans—Supplies light; de- Florida, -bughel hampers, 0. ligh de- et steady; Flor- pony refrigerators, Missionarys, Strawberries — Supplies - Are You a Sucker? Too many people put their money in your bank what he knows CONCESSION REPORTED. NEW YORK, January 13 (#).— ions on steel sheets rang- ng from $2 o $3 a ion are reported SILVER QUOTATIONS. NEW YORK, January 13 (#).—Bar liver, 55%; Mexican dollars, 421, - RUBBER LOWER. NEW YORK, January 13 (Special).— FOREIGN EXCHANGE. eiling checks aris. frane Trane m lra. .. frane drachm: adrid. peseta. ienna. erown erlin, ome. crown ragu . zloty arsa crown. S bk S tockholm (Quoted in dollars per milion marks.) d 0 mburg 458 1 1000 ~ (Quoted in dollare per th rm Gen Elec 413s pre-w rm Gen Elec 4138 1919 amb's-American Line 415 'man_Lloyd 413s man Llovd . . rankiort a-M 4x pre-war nich 48 pre-war. ... adische Anili (Ger Gen Elec G (Ger Gen E E G vl B Disconto _Gellschaft o0 00 o0 ‘he Bank (Gen' Bl 135.00 SHORT-TERM SECURITIES. (Reported by J. & W man & Co.) Noon —-— & An T32R52 2 a ot OfL s 19 & 0nio 6x 1 of ¢ 5 fon Nor e 30 arliral ot Georeia B oD 6 ST P o 10 Cirv ow Lyon e TH34 Conipontal G, & Goodyear v > s 1940 5 g w1046 21930 At 0 192N fe 1941 e 4n 1990 193] Heshey Choc Jumble OIl Pl o1l Co 3 Sinclair €. 0il ) Thion ‘0il of Cali gt et | | District Received by Private Wire BY WILLIAM F. HEFFERNAN, NEW YORK, January 13—For the first time in many weeks oil shares dominated the trading on the Curb Exchange today. To state that new development= in the ofl trade situa- tlon were responsibl> tor the increased activity at somewhat better prices would "have heen rather far-fetched. There was nothing that was not al- ready known which could have been used to influence speculative senti ment. The main consideration to be that in practicaliy all instances profit and loss statements for 1926 made a highly faverable comparison with th of the preceding like period and that this improvement had not been discounted in the market for oil stocks. In quarters which have pecting the ofls to play appeared heen ex- a prominent Following is a i s traded in o Curb Market today. hundreds. of the honds New INDUSTRIALS High 'y Ala Gt South pfd 1 & A Pick Bar vie L Am Arch Co 1% ‘Am “Cigar $Am Gas & E 5Am Gas & 3Am Hawai 1Am L'& ‘s Am Meter 25 Am Pow & L. % Am Trac. . e fd 9RY M.. 48 Seat vie Superpow’ ‘A P Am Superpow B m Superp. pr pld &'Am Threaa ¢ b ZAWP Ariz 3 Asso G 3 ANl F Iyt 6 . 40 Barnsdall 4 Buss E W 319 Blackst V 3 Borden Co. . Mg hon A wi Leat n pf wi ip_Cor. .. 2Chi Nip B Tt omonw P C n omonw P n pf onsol Laund. . . Copel Prod A Ww 4 Courtlaulds Ltd. 1 Curtiss Aero M.. L Curtis Pub 21 Curtis Pub Y De For R C 18 De For R C 1 Dinkler as & B 193 L1186 1 Doehier 4 Durant Mo I Bond & S 1B & Sh n | Invest Inc 1P & Lo stey Welte (© A Welte C B ageol Mot Co.. © Can reed Eihem R ¢ shman. Chas.. 1 Galv Houston Ei RGen Bak A.... G Gen Bak B.... 2 Gen lee Cream 11 Gillette S R..."" 1 Gleason Prod’ 7 Havpiness C 18 Ind Rayon Co o A 23 Leh Coal & Nav. 90 Leh Pow n..... Leh Val € ofx Lih Owens Sh Gi1 Mad Sa Gar vic Marmon Mot.. i McCall Corp i... 1 Mesabi Uil pfd.] & Maj 4 W W U pr lien. 1 1% M iller Ruh v 2 Mohawk Hud 2 i Mohk H P 1t p. 1 1 Moore D Forze A 4Nat Ei Pow A t Food Prod t P&L 75 pid 1 t Puh’'S A nf. t Pub Ser B 1 i Somss A 3 & Penn Gas & El A 10Pen” Ohio _sec. . 3 Pen Ohio % Pen D& L bf” Pen Wat Pow i Peon Drug S, . 19 Biilin* orris. 2 Philip Morrix A 14 Pittsh_& Lak B ¥ Pitte Pl Gians. 1Pratt & Lamh ¢ 53 3 Proct ‘& Gamble 1 2 Prudence ZPuc S P & L. ; 40 Rand Kard Br n 62% 1 Remineton Arms 111 10 Reo' Mot 228 2 Rep Mot Trk Washington Stock Exchange it FET R e &R SR oSN e e ERE] 7 23IZSEY i 13 FER BEFEELREE et RRERR THE EVENING STAR., WASHINGTON, NEW YORK CURB MARKET Direct to The Star Office part in any ‘sustained upward move- ment the opinion prevailed that con- ditions in the Pennsvlvania territory warranted an adjustment in price schedules and an upward revision could be expected within the next few weeks. Among the socalled standard sub- sldiaries, Humble, Standard of Indi- ana, Standard of New Jersey new, and Prairie Ofl and Gas were in active demand at rising prices. Galena Sig- nal old and new preferred gained 3 points and there was special strength in Standard of Kentucky and Prairie Pipe Line. Carib Syndicate fluctuated most of the time over a range of a point from the previous closing quo- tatfon. It was announced that di rectors had voted to offer an addi- tional 25,000 subshares to stockhold- ers in the ratio of 1 new share for each 20 held. The offering price will be $25.50 a share. Mot Bros org L ig Stand Pub © 1 Siroock & Co. 1Stutz Mot A Swifi Intl 4 Tob Prod Export 68 Trans Lux Pict A 1 Trumbull | 811 3 Trumb, Sy pd Tung Sol Lamp A 1 Uni Art Thea Cir Biscuit B.. Imp €/ Lt & P oA A “Toh Pit Shar Leafl Tob Pie C... Gypsum A & Hi p Talk ) 1M 0wl tor' T M 0 pf TM n prpf st Dairs Pr A st opf. 1 Wesson O&R. Vi w Bl b Yel Taxi ¢ N¥n MINING STOCKS. Zaviglo Chil € N 50 Divide Extens F. Lead, wihorne M .. Min Hollinger £ “opper Cor. ¢ Cornelia ewmont M Nipissng . Noranda. Datino Minea! 10 Plymouth L Premier Gold Red Warrior. Teck _Hughe East Min. . Tm Verde Exi 7 Utah ' Apex..... 3 Wenden " Cop. Sales INDEPENDE! in hundreds. 52 Am_{Con Oflfids. 77 A Maracaibo Co 2 Beacon 011 f Gi Gu 18 Leonard Oil 6 Lion Oil... . 4 Lone Star G'n D 2 Magdal Synd 6 Mex Paniico 6 Mount Prod. 1 New Bradford 0 enezuelan Pet Warner Quinlan’ Wilcox 0 & G n 28 STANDARD OIL I unit 1800 Anglo-Am Oil.. . 400 A Am O non vte 2000 Cont’l” Ol n. 310 Gal § O pfd old 200 Imp O 400 Inter yd i 5 3 Sales in £ FEE, 1 2 S Sorzasss oo M ) £832323: e & 533825 5t R SRS 30 008 0" Ohio ptd. . 8000 Vacaum o ! Salen thousands. BOND: 4 Allied Pk 88 1Alum 78 n ' W 6 A W Pap s n Appal El Pow 55 SALES. Wachington Gas 6s '33—$2.000 at 103% . Warhineton Rar & Fiee snc 88 000 si B3N S1.000 at RAR . Canital Traction Co.—5 at 104. 5 at 104. 04U 20 ai Tanston Monotspec10 ‘at 243010 At B4 ta: 10 at 04k, 10 p 302t 9424 50 at 04k Somti e AFTER CALL. Geargetown Gas 55—S1.000 $3.000 at 8% . $6.000 at OR1. Money—Call !oans. 5 and 6 per cent. and Asked Prices. BONDS. PUBLIC UTILITY. American Tel. & Telga, 45 Amer_ Tel elea. 4 1o Am. Tel. & Tel. il tr. & Anacostia & Pof. R. R. Ana. & Pot. guar. b C. & P. Teiephorie C. & P. Tel. of Va. Capital Traction R. R. 6 City & Suburban 5. . . Tat B at 98%, Geurgetown Gas Potomac Elec. 100 Potomac ¢ D0 108 Pot. El. Pow. & Wash. Alex. & M Wash Alex h & t. Ver. Bi.. a4 Wash. Rwy, | Wash. Ry MISCELLAN Chevy Chase . Chestnnt Farms Dairs 854, 7. C. Paper Co. Mfs 6x Pot. Joint k. L'd Bk, Be. Sauthern Blde, Bl4s." Wash. Mkt_ Coid Stora~e 3, Wardman Park Hotel 515% STOCKS. PUBLIC UTILITY. Ameriean Tel. & Telga Capital Traction. ... . Washington Gas et Norfolk & Wash. Steamboal Potomae Elec. ptd Wash. Rwy. & Elec. com. . Wash. Rwy. & Flec. pfd NATIONAL BA | Natiogal Capital “olumbia “ommercial hanies”. Frderal-American ety Lincoln 3 Nat1 Metropolitan Riges tional Bank of Wachington TRUST COMPANY American Secnrity & Trust Comtinental Lo : mrchante: Rank 3 Nationa) Savings & Trist. Tnion Trust Washington Loan & Trist SAVING Commerce & Savings. Mechanios. . FIRE INSURANCE s 200 hington American Carcoran 10 180 52 columbia tate Titie Title Inv. of Md. coni MISCE D. €. Paper pfd idernl-Al 100 Jle101 01 112 100 & Storage .. & Stor i MoEe R e W Merch Anaconda 6a A. s 33233 SSooooooee3tesronSainnS: EEECEREERF SRRt R+ A+ @, P TN O Do ST O -JRR. gennmu;n FEERPRETTRERSTE ] SEEEFTENT OO o3 onSsoSs35500s EESEEEREEP R RS 00d Ruh B8 1 vran St R . ind Limestone' 6 nd B& L nt Gr Nor ? nter Paner aclede Gas 03 AR 991 i S 2 DBeges 23 32 PO ST FELI% 2 5 FESHER B PR SNESRE S o s 00227222 2332 SERE SREAT 383338 corowe5 2 onD: enn O w. 2383 soxoxn3oS ool EEEFE soxoxs3nSsoisoo0D! 38 S23383. SREEEEREREE SR e FFESETET Dot B e Bl or SBRE . - 101 97 ssSisan S SooSs 290050! ¢ il 5% & Co B S & R 5ias 1020 ash R C s B v Br Pict 61w FF ERE S5 £ = RS SSRRAASo9aS 55 0 106 Se3aE FOREIGN BONDS. in thousands, PIT A s Danish Cors Denmar 25 S353zpee3oors! Ao SSESR233RER3RTE: Fopor R ES AR ETET 5 Hambure 4 Hun Ld M7 21 M Bk Finl ¥ Krupp, Fried ) Leon Ttz =SeamS3x! S53ES IR Monteyige 0 80 Peru # T e 202350223 3R2E5EE: 5 Stinnes H R Peaples Drug Stores nfd Security Storage Union Pac R R ( i &P 5198 19 & dtlline o7 ine TriaSmeluine Co- 2122 1832 ashington ‘m-n” . 5 o "Mige com & Lothrop ofd.".." 104 2323 21 Swiss Gov I i 8 prrse COTTON ADVANCES; UNDERTONE STEADY Early Rise Followed by Slight Reactions Today on South- ern Selling. By the Associated Pre NEW YORK, January 13.—The cot- {ton market showed continued strength fat the opening today. First prices were 6 to 11 points higher, all posi- tions making new highs for the car- rent movement on further trade buy ing. covering and commission house demand. March sold up 13.42, while Octgher touched the 14.cent level, but these prices attracted a little more South ern selling as well as considerable realizing. Reactions of several points i followed, but the market was holding v steady at the end of the first buying heing encouraged by re- {ports of rains in the Southwest and the report of the Census pureau show ing domestic consumption of 605217 bales, compared with 583.950 for the { previous month, and 576,218 for De- cember last year. New Orleans Market. NEW ORLEANS, January 13 (#).— The cotton market opened 2 points down on January, as Liverpool was lower than due, but the bullish char- acter of the domestic construction re- port, showing that domestic mills had used 05,117 hales of lint cotton, caused later months to show initinl gains of 3 to 8 points. Prices con tinued to gain for a time after the start until March traded up to 13.43, 13.60 and July to 13.76, 14 points ahove yesterday The market then reacte to 4 points from the best on some ofit taking and _the unfavorable aracter of the British - board of trade reports for December. FILM OUTPUT LARGE. NEW YORK, January 13 (P).—Ap- proximately 103,000,000 feet, or 19,500 miles, of positive film were made and distributed by the Fox Film Corpora- tion in 1926, the biggest vear in the company’s history from a production standpoint. Pictures made during the vear were distributed to 20,000 the- aters in the United States and abroad. ANOTHER POOL INDICATED. NEW YORK, January 13 (#).—In- dian Territory Tlluminating Ol Co., subsidlary of Cities Service Co., has A test well 4 miles south of the South Seminole poof, making 15,000, 000 cubic feet of natural gas from a depth of 3,115 feet, which ft is helieved may indicate possibility of still another pool in this area of the Midcontinent oll field. FEDERAL LAND BANK BONDS. (Quoted by Alex. Brown & Sons: closing.) Approx ?.y.r:: T 103 to e e e L RARARRAL LA o iois! : BERESEREEs EERRREIES Rate—Maturity. 416e Mar 18 ton June 4% s Dee. MEN AND MONEY By M. S. Rukeyser. (Copyright, 1927.) A test of candor is willingness of a business leader to be quoted when he cannot eonsciously predict bigger and better things. In the general chorus of optimism among spokesmen for the motor in- dustry at the twenty-seventh annual automobile ghow, now being held in New York, A. R. Erskine, president and upbuilder of the Studebaker Cor- poration, sounds a note of caution. In response to my question as to how he believes sales in 1927 will compare with the record-breaking volume in 1926, he says, “about 75 per cent.” Fven if a shrinkage should occur, Mr. Erskine is evidently anxious to keep the volume of his-own company up. Foreseeing a trend toward small- er cars, he has brought out a new model, with a smaller wheelbase, under his own name. Mr. Erskine also be- lieves that the trend in motor cars is toward brighter colors and a generally more attractive appearance. Mr. Erskine indicated that he ex- pects to see further price reductions this year. Chrysler to the Fore. In the last 12 months, the companies which came most conspictiously to the front were the General Moto Cor- poration and the Chrysler Corporation. Walter P. Chrysler in the last five years built @p the company which bears his name on the ashes of the old Maxwell and Chalmers companies. Mr. Chrysler excels on the produc- tion and selling side of the business. 1 asked Mr. Chrysler what determines public preference for particular cars. “Public preference for particular makes of motor cars,” Mr. Chrysler declared, “is being governed largely by performance and beauty of design. Brilllant performance, unvarying de- pendability, enduring life, new meas. ure of riding comfort, ease of handling, safety, smart appearance— these are the things the public wants, “We shall see newer, more exquis. itely graceful bodies; newer, more dis- tinetive silhouette, with military front and cadet visor—nawer lowness of de- sign, with smaller wheels.” As for business prospects, Chrysler said “Sales of will _compare which was an year. Mr. motor cars during 1927 favorably ~with 1928, extraordinarily good Export Market Growing. “The export market during the past few years has enjoved a continued growth, and during the years to come will continue to experience increases. Other countries of the world are be- ginning to comprehend that the au- tomotive industry in the United States has contributed largely to the pros perity of the countr: As for the price cutlook, Mr. Chrys. ler does not anticinate price reduc- tions. “On the contrary,” he de- clared, “T would not be surprised to see prices go up. The public is de- manding much of motor car manu- facturers and it costs money to meet these demands. In discussing other problems of the industry, Mr. Chrysler remarked: ““The tendency of families to use more than one car is becoming not only an important sales factor, but it is offering a new solution to the used car problem. “Street saturation in metropolitan centers and highway saturation in areas close to congested centers of population offers a troublesome prob- lem, but not at all an insurmountabl one. It must not be forgotten that 55 |per cent of all the n({nmd mogorl yshicles in the United States are in D. C, THURSDAY, JANUARY 13, 1927. FINANCIAL. cities of 10,000 and less and that street traffic offers few problems in those communities. Parking in large citles offers another problem, but the ramp garage in low rent areas is going to help solve that problem.” Sees Prosperous Year. Alvan Macauley, president of the Packard Motor Car Co., in answering my questions. sald: “Sales of motor cars in 1927 should not fall greatly below those of 1926. The outlook for the whole country in all businesses indicates a year of nor- mal prosperity. Seme " automobile manufacturers, with little doubt, will exceed their production of 1926, and the whole of the industry may even equal the record-breaker year just closed. “The fncrease in bank savings de- posits, the vastly greater return in in come taxes, the condition of general mercantile business and the very great increase in building operations throughout the eountry would indicate | that the sale of automobiles on credit has not been overdone. So long as the automobile remains a’ necessity, as it i now, so long as first_payments de- | manded are not reduced below a rea- sonably safe figure, and the time du ing which deferred payments are ex- tended does not exceed a year, and, so long as the car is one capable of giv- ing tiseful and durable service over a period of years, buving of automobiles on part payments is not a violation of good economics. “Of course, the [ greatest problem in the automobfle industry today is that of the used car. It will be solved when the automobile industry itself prevails upon owners of motor cars to drive out the miles that have been buiflt into them rather than trade them out.” Perhaps there are some useful hints in the foregoing remarks for the own- ers and drivers of 22,000,000 tered cars and truck: regis- THE BUSINESS OF GETTING AHEAD. The Straight Salary. From the strictly business stand- point, the hest form of compensation is that which will make the indi vidual most productive. The reward should to stimulate the Interest to rouse his energles and out his best efforts. In general, the reward should be large enough to free the individual undue worrles concerning his fam- ¢ finances, For that reason, many employers who compensate thefr em- ployes on a graduated scale in accord- ance with their success give a mini- mum guarantee. The salesman who works on commission frequently gets a minimum guarintee. The theory be- hind this combination is that e the fruitless efforts of the salesmen in bringing the wares of the employer to the attention of the market place deserve some recognition. Further- more, on the human side, the em- ployer knows that his agent cannot put himself in the hest frame of mind it he is haunted’ by the fear that there may be no income at all to meet the needs of his family. Assumes Business Risk. When an employe is rewarded in ac- cordance with his own success or that of the business, he is assuming busi- ness risks. Presumably he has suffi- cient confidence in himself to forego a safe and assured guaranteed income in the hope of-an uncertain income of far larger dimensions In the production end. too, there are these two systems of payment one the flat weekly or hourly wage, and the other the piecework rate. The latter system differentiates between the rapid and efficient worker and all others and pays him a premium. It also puts the responsibility directly up to the worker to keep his production up to par. Some employers pay a minimum weekly wage, and a gradu- ated surplus In accordance with out, put. The combination is better in most instances than the purely plece. work b One chief objection to the plecework system is that it may tend to induce the efficient and ambitious te work harder than fs consistent with good health. Industry has a responsi- bility to keep the demands on its work- ers within reasonable bounds. In the early davs of the industrial revolution in England, before-the conscience of the community caught up with the de- velopment of the machine, the new factory system became a man-break- ing institution. of the worker, to bring Compensated on Profits. The F. W. Woolworth Co., with its 1471 stores, strives to make partners out of its store managers. Following the principle laid down by the late Frank W. Woolworth, founder of the business, store managers are com- pensated on the hasis of the profits of the units which they head. The com- pany feels that in this way it gets the same un zging interest, the same de- termination to fight adverse conditions and to hold down expenses which the onainit business with a single pre prietor had. The J. C. Penney Store opésate on a similar principle.” In this chain of clothing stores, the managers are actually part owners. Conspicuously able men in the role of employes will prefer the commis- sion basis, beczuse it will enable them to be compensated more promptly in accordance with their productive ability than the stralght salary s tem, because, although eventually an individual is likely to make what he earns, there is likely to he a lag he- tween actual business progress and salary Increases. On the other hand. men who through lick or their skill in selling their services get hetter jobs than they are fitted for will strive for a straight salary arrangement, clinging to the guaranteed income as long as an employment contract will assure it. Fluctuating salaries give an indi- vidual a sense of being in business on his own, and subject him to the sppor- tunities’ and hazards of the market place. Tn the long run, irrrespective of methods of payment, the individual will be called upon by his employer to demonstrate that he is worthy of his h o} jo] HOME FURNITURE LOANS HOME OWNERS to $:200 within one day. On ure up (o §118 In two 6 Interest brokerage. red tape. We e 2nd, 3rd or 4th trust. Bring In what papers you have to_your preperts.. Fr. KE1D. Real Estate Small Loan Co. Furniture Loan Procurement Co. 1106 G St N.W. _ _ Koom 302 furly Members New York Stock Exchange Succeasors to JOHN L. EDWARDS & COMPANY A copy of our Fortnightly Review sent on request 1416 H Street orthwest 52 Broadway, New York 3 Richmond, Va. You w to amo ing a m D. Ju and cons| our er || et} We and g Helping to Finance find us ready make loans in any unt for building, buy- realty or refinancing aturing loan — in the .. and nearby counti st give us the details we will give prompt ideration. Financ T= 4 EEVER 4 [(REALTORS .L_flvfiofijs 1415 K M. 4752 De it ur § crvies St. will gladly receive ive prompt attention to applications for Loans on Washington Real Estate Current rates of inter- est. Should you havc Money to Invest —we you. can also take care of Our experience, ex= tending over a period of Thirty-five Years —insures _your protection. Percy H. Russell Co. 926 15th St. N.W. Money to Loan Secured by rewalli Promall Joseph 1. first deed of trust “WE” o0 real eatats. mmission, <h. 1. & Trasd th & F N.W. n Keep on Hand For th client he convenience of our s, a limited amount of Gilt-Edge First Mortgage Notes in amounts of $100 up bearing 627, interest Start the Ne L BUY No fo Yearin the Direction of Thrift AN INVESTMENT »rm of security safer— Few as safc CHAS. D. SAGER 924 14th St. N.W. Die 614% Mortgage Notes Loan Department Main 36 D CONSULT US —for_safe investment of oursurplus Tands. Taok X {epie future by investing wWu. H. Saunders Co, Founded 180" 143 n 87, O R R yve (orneille 7606 - 1684 \\4 thun HEN his_ dramatic production, “Le Cid,” elicited the derous applause of an enthusiastic audience, Pierre born rush ity. Corneille was e forward in an on- ing tide of popular- He was lionized. Lit- erary France was figura- tively “Cin follo their author’s y at his feet. His na” and “Polyeucte” wed, and heightened mounting fame. But Corneille, not yet forty, had come to the end of his career. From “Rodogune” to “Ocdipe” his decli ways theatre was on the ne. Although he al- commanded great personal respect, his suc- cess of ¢ was eclipsed by that he rising Racine. There are so many thou- sand: suce thro! that invest wisely in hi s of people whose esses do not continue ugh past middle age it pays everyone to vears of greatest productivity. Firsf t Mortgage Notes, purchased through Swart- zell, Com of And Rheem & Hensey pany, are investments proved soundness. they offer the at- tractive vield of 6%%. - Swartzell Rheem & Hensey(o., Bankers T27~15% St.NW. WabhingtonDC. FIRST MORTGAGES FOR SALE 6Y2% THE TYPE OF SECURITY CONSERVATIVE INVESTORS BUY In denominations of $250, $500, $750, $1,000 and upwards, cured on improved real estate situated in the District of Columbia. JAMES F. SHEA 643 Louisiana Ave. N.W. Salesmen Wanted by leading New York bond house; experienced salesmen with estab. lished clientele. Replies kept strict- Iy confidential—Address Box 232 ar office. W 6: 2 | Serial Gold Bonds of District of Columbia Five Mill Tax MATURITIES: 2 TO 12 YEARS Morrcage (0. ] Retabiiatod 1904 Jacorporated OAPITAL & SURPLUS SUER 98,500,000 17th and H Strests, N. W. ‘Washingtom, D. C. Telephone: Matm 884 EDWARD B.SMITH & CO. Members N. Y. Stock Exchange NewYork Philadeiphia Boston Investment Securities Corporation Financing Commission Orders 1508 H St., N.W. WASHINGTON James Donald Casscls Manager IR LA WA T Money to Loan On Improved Property We have money to loan for construction purposes on improved property in the District of Columbia and near-by suburbs in Montgomery County, Md., and Ar- lington County, Va. Quick service and low rate of interest. A Safe January Investment We unhesitatingly _recommend estate first mortgage. We have a gages on improved real estate that 6 months to 3 years. a guaranteed real number of first mort- 612%. Maturities, ortgage Bond and Guaranty Corporation’ 1006 Vermont Ave.—Main 10444 al R il The New York Life Insurance Company Offers 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 %% . RaxNDAarLL B. HAGNER' & COMPANY Incorporated MORTGAGE LoAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Homes Office Buildings Apartments i SATIS%\PQTION SECURITY First Mortgage Notes are an ideal investment medium for people whose capital is a limited one, and w every dollar must produce an sured amount. And, unlike many mediums of investment, they're never affected by fluctuating markets and industrial disorders. The reason for this is that each parcel of improved real estate securing the investment is located in the Nation's Capital. FOR A WOMAN’S INVESTMENT The woman with surplus funds to invest appreciates the comforting assurance of safety and régular yield offered in our 6%2% FIRST MORTGAGES There are no*hazards of “mar- ket” in securities such as these. They are protected by definite realty values in Washington and its adjoining subdivisions. Their management is handled with the experience of an organization successful for a Third of a Cen- tury. They are safe. In Amounts of $250 and Up A Third of a Century Without a Loss B. F. SAUL CO. 925 15th St. N.W. IS NO SUBSTITUTE FOR SAFETY