Evening Star Newspaper, October 17, 1927, Page 11

'} term Governments wers lower. ! Washmgton Stock Exchange BONDS DEPRESSED | FINANCIA [ovmew vox BONDS oo mxcmvez] |PRICES UNCHANGED BY REGENT ISSUES More Promising Utility and Foreign Obligations Being Taken Up. A Al A A BY CHARLES F. SPEARE. 8pecial Dispatch to The Star. NEW YORK, October 17.—The in- fluence of a 4% per cent renewal rate for call money and the exchange of old fssues for new ones continued to affect prices of honds today. The lat- ter was the most positive factor. There is little doubt that the pur- chasers of many of last Summer's railroad and public utility issues have heen disposing of them recently and taking on the n.ore promising of the public utility and foreign bonds .of: fered. When the syndicates dissolved a few months ago_quite a number of the good 415 and 5 per cent domestic corporation issues broke several points under their original prices; Early in October most of them had advanced to a level well above the’| earlier one, affording profits of from 3 10 6 points to the holders ces Brought Down. Encouragement was given to trade | out of these bonds into others. The effect of this has been to bring down the prices of the former group an average of about a point. This is visible in such issues as Union Pa cific 4135, Rock Island 4135, Mobile & Ohio 4138, Goodyear s, Erie 5s and Chesapeake Corporation 5s. The same conditions obtained in the foreign list, where most of the old issues have become sstagnant or have reacted while a large number of new | bonds have been syndicated. The | Italian municipals were again heavy today and about 2 points below the recent high. South Americans after an active period pendin@ new financ- ing, have again become dull and rather heavy. The French. Relgian and German descriptions are likewise neglected. The only prominent fen- | ture today was the advance in Poland $s above 101 in the adjustment of their price to the new $42,000,000 issue of 7 per cent bonds to be offered at 92 with a yield of 7.80 per cent. Some High Records. A number of new high records were scattered through the day's list. Among them were Missouri Pacific 5s at 102 1-5, Minneapolis, S Paul and Saulte Ste Marie 5155 at 9% represent- ing an advance of 13 points from the Jow of the vear; American Writing paper 6s, Utah Light and Traction 5s and Rima Steel 7s. The local trac- tion bonds all strong in sympathy with traction stocks. Dodge 6s were back to about their previous low level as the preferred stock of the company broke badly. The program of the Treasury re- garding the outstanding $838,000.000 of second liberty 4% per cent bonds is to take these in at 100.1 up to No- vember 15. Although they are selling slightly above this in the market, it would be to the advantage of the hold- er to turn them into the Government at a net price rather than sell them in the open market. Most of the long- Du El Fi Fi Ja in Je! Ly Pa Pa ———s. n! FS. ac Elec. Cons. 55—$2.000 at 103, ohmnnm. Rwy. & Flec. pid.—10 at 99. 9914 American Security & Trust Co.—20 at 464. Washington S0 2 81 %. 0 at 110 2, o tncion Rwy Jectric pfd.—2 at ‘Washington Gas me—mo at 81, 10 at o4, 20 at 81 10 » gw bi o at 1085 )lonu-4-ll loans. 5 and 6 per cent. BONDS. Bid and Asked Prices. PUBLIC UTILITY Ari Ar - | Atiantic Refin 5. s ok weniva ' Ox. series B v. & Flec. Wash. Rwy. & Eler MISCELLANEOT Rarner & Ross. Inc.. 61ax Chestnut Farm Daitr 618 Chexs Chase Club Br Bk i wen 6 . Ch E o | Do De 5 | Do | Doy Hui Humble O & R Iilinols Bell 1st 6s. Iilinois Steel 414 g nt Nationa Amer S Conty Ka | Kan G & K1 68 53,. | KKelly-Spring 8 Security Seventh Street United Stater Washington Mechanis Ll NSURANCE N N Columbla Tive, T gv“en of Md. 7 i 91 1 pid. Storage vid. .. merican com | v Serh Medical Bhdg. Corpy Woodward & Lotirop vl . *Ex dividend FEDERAL LAND BAKK BONDS (Quated by Alex Brown & Sons Clostng. ) Doiox vield 401 T U Ackedd 3 b ] | v | Witson & Co 11 &s aviation school has heen | Wine A mationa eswablished at Rotterdam, in Holland. y Argentine 65 B. Australia 58 1955, Austral Austria 7s Bank of Chile 8% Belgium 6 Belglum 6%8 Belgium 7s 195 Relgium 78 1956 Bremen. Sta Canada, 58 195 Canada 6= 192 Chile 75 1943 Chile 8= 194 Chile 85 1946. .. Chinese Gov Ry 5s. Christiania 6s . Con Pow Japan 7s. Copenhagen = ct.. Conenhagen 5%s. . Czecho 7148 rets. Shiah Miinlb Danish Munic 8s B Denmark 6s. Framerican 7%s. French 7 French 7% French 8s. . . German EI German 7s.. German Agr Bk 7s 3 GreekTs. ... Hungary 71s Italy 7s... Ttaly Pub 73 Marsellle 6s. Mexico 4s 04 asntd. Mexico 4s 10 asntd. Milan 6%s........ Netherlands 6s 54. | Swiss Confed $s. Toho Elec Pow 7; Toklo 5s. . Yokohama §s Ajax Rubb Am AgriChem 7%s 8 104% 104 Am Cotton Ol bs. . AmSmit&R 1 Am Smit& R Am Sugar ref AmT&Teltr AmT& Teltr Am T & T of 5s. Am T & T deb s %I Am Water Wks Am Writing Pap Anaconda 1st 6 Anaconda ev db AndesCop deb 7s 43 Central Leather | Con Coal Ma 1 Con Gas N ¥ 61 Consumers Pow b8 | Cuba Caneey 7x... n1 Paper cv 6s inter Paper td Int Tel&Teleg 4%8 24 95% 95% ) Kayser & Co 548 46 103% 102% | liggett & Myers 53 5 106% 104% Ligrett & Myers 7s Lorillard (V) s, Loulsv G & E 5852, 12 103% 103% Midvale Steel bs... Mor's & Co 1st 4% New Eng Tel 5s. N Y#&dison 58 " NYGELH&P!I. North Am Edi| Nor Ohlo T & L 6s. Nor States Pow 5s. Nor States Pow fs. Pac Gas & ¥ 6s Pan-Amer I'vte 68 | Phila | Phila & RAC & 15, inclatr 011 Sinctan ON 6igs, | Sinel. | Sin Pipe fine | Skelly '8 1gn . Soutiwest 1l b Standard 0Nl N J bs Sug East Orlent 78 Toledo Edn It 1s U S Rub 71ex 11 S Steel <f 5n Utah Fow & L1 s Received by Private Wire UNITED STATES, (Sales are (n $1.000.) Sales. High Low Lib3%s.... 15 10114 10114 Lib1st4%s 25 10311 1036 Lib 2d 4% 51002 1002 Lib3a 4%s. '30 10026 100 24 Lib 4th 4%s 143 10330 10827 US 3% 43-47 16 10118 10116 US3Ks... 9106 106 US 451944 1 10830 10830 US4ysb2. 3114 11330 FOREIGN. rgentine5s...... 3 91 91 rgentine 6s Ju 6. 9 9Y% 99 rgentine 6s Octs9 11 99' 994 rgentine 63 A 15 100% nm\. 5 99% 98 974 7 108 9% 91 9% 99y 100% 581957, 103 1064 106% 102 101% 109 109'% 109' 268 26% 1028 1025 981y 987 95% 100'y 101% 106 108% 100's 101% utch East 1 68 47, Salvador 8s 48. nland s 6s 45 land 7s. ... BrSmcmuinen w2 H 95'% | panese 4s. panese £ 1. 4 rgens U M 65 47. on 6s. THE EVENING STAR, WASHINGTON, D. ©C. ; MONDAY. OCTOBER 17, 1927.° Direct to The Star Ofica RAILROAD. al Atchison ad) 4 Atchison gen 4 Atlunuc CLel 4 ale 3 924 91% 1 101% 101 82 B2 T 2% 97 96% 100% 9% 1047 104% 105% 104% 1098 109'% 10234 102% 112% 1124 96% 96% 70'% 96% 98% 10074 9RY, 100 1115 8T% 994 1081 Brdwy & 7th Av 5s. Bklvn Manhat 6s.. 105 Buff R & Pitt 4%4s. 18 Can Nat 41830, Can Nat 4148 54, Can Nor 4%s l'llfi.v ad North 1 Canad Pac 4sh 4 Can Pac4%s4f. ... Car Clinch&O fs 52 10814 106% 1021 9315 104'% 9% 100% 101% 9T} 101% Cent of Ga 6 Central Pacific 4s. Cent Pac 1st 5% Chesa Corp 5 wi.. 56 Ches&Ocv tts Ches & O gn 4%%. . ChiB& Qgen 4863 11 CB& Q4%s77B.. 2! ChiB& Q1strf bs. Chi & mn:nssu r‘mm W as 6 u CMESP rf 4% 5 of. CM&SPeveys32efalld CM&StPes. Chi NW 415= 2037 Chi & NW 6148 Chl & NW 7s ChiR1&Pgn 4 ChiRI&Prf Chi Rya 58. ChITH&SERS... Chi T H fnc 63 60, Chi Un Sta 41s. Chi Union Sta 6% Chi & W Ind cn 4s. C&WI5%862 CCC & StLrfés A, Clev Term 58 Clev Term 5%s. C& S 1st4s29 Colo & Sou 4% Cuba RR6s.... Del & Fiud 1t rf 43 Del & Hud 5%s. Del & Hud 73 30. D& Rio G imp D Rio G Erie gen Erle conv 4= B Erie cvt 53 67 wi Firle con ext 7s ie & Jersey 63 ie Genessee R Erie (Pa) cit tr 4s. Fla EChs 4., Gr Trunk stdb 6s.. Grand Trunk 7 Gt Nor 418 76 D, Great North 58.... Great North 5%s.. 4 102% 112% 1057 105% 109% 99% 091 97% 958 105 106'% 100 ris-Ly-Med 7s.. ris Orleans 7s... 108 92 107 101% 103 100% 981 98Y% 105 -105 104% 104% 103% 103% 113% 113% 98% 98% 8 1% 105% 105% 12 95 9% MISCELLANEOUS. 8s... 7 108% 108% 113% 98y 7% 10 100 100 68 24 1024 102% 1109 109 8 104% 10414 32 100 9% .29 105 104% 42 106% 105% 11 108% 108% 2 100% 100t% 10 93% 9314 59 104% 104% 49 109 108% 8 108 107% 15 90% 90% 29 R9% 89% 10 102% 102% 17 975 97y 2106 105% 6 107% 107% 8 101% 101 43 101% 10114 27 104% 104 2 104% 104% 1219 219 6 104% 104 T 94% 94% 5 83y 83 3107 107 5 104% 104% 6 9215 9214 baCanecvBs... 40 96l 96 ry (DG) In 1 56 55% 1 Edison ref 6 5 1084 108 dse6s .. .. 82 5% 85 nner Steel 1! 10 96 ' 7 1105 105 1119 119 13 108 107% 199 954 951 4 119% 119% 4 103% 103 6100 991 17 100 1102% 102% 6 105% 105 4 99% 99% 3 108 103 . 95 107% 107 . 10 104% 1037 108 mour&Co 4 % 39 mour Del 6%s.. 10214 97% 105% 1075 1015 101% 104Y% 104% 219 104% 1 68 1949, ter H St 1st 5358 iynUnion 5%s.. ile Copper 58. 1197 103 9914 100 102% 105'% 9% 103 107 1034 b 102% 105 1084 10%8% ‘ mble Ol 5. Mer Marine 6s. nCP&L6s A 62, 1 105 105 2 106% 106% 4 108% 108% 23 101% 101% 6 105'% 105 1 122% 122 .14 99 99 100% Bty 1067 105 1n7 96'% 109'% , O 1014 101 1017 10615 102 10205 103 1044 5 100% 100 2 B6% 86% 2 106% 106% 4 105 105 2117 117 5 964 96% 6 109% 109% 48 101% 101% 26 101% 101 1 1017% 101% 4 1061 106 2 1024 102% 4K 102% 102 4103% 103w 7 104 104 2 100% 100% 954 107 105 104 97 98% Y Edison ¢ Y Tel6s 41. hila Co rrEs AL ree-Arrow 8s 3107 ninEton Arms 85 10 Y74 40 98% B1wd. 94 .49 99N 9oy, B100% 1004 100! % 103 M!' 1100% 100% 100" B 107 106 10674 15 109 108% 08 12 107 107 107 10 945 93% 41 3 104 104% 104" Z1109 1085 tUs 41007 100 . 00« 2 1000 {00 100 R 1106 106 1 5108 08 1 enn Blec Pow 8. nited Drug 6% 8 Rub 18t 1fbs ertientes Su o Western Md 5w, Hnd & Man aj 5i 111 Cent ref 4s. 111 Cent 43 53 Int Rap Tr Gs stpd. 139 Int Rapld Tran 6 Int Rap Tran 7s. Int & G Nor ad 6; Towa Cent rf 4s. Kansas City 8 3s KansasClty S bs. Kan Ciiy Term 4 Lake Shore 4s 28 Louis&Nash uni 45 Louls & Nash 7, Man Ry 1st 90. Market St 7s 40. Nil El Ry & L 6s 51 Mil El Ry & L 63 61 MkSlLl!!rfuu & SSM 5%s. & SSM 6%4s. T 1st 4s. T4sB T'ad) bs T pr In 68A MK&TS6sC Mo Pacific ge Mo PlcSlA65.... Mo Pac s F 77 Nassau El 4551 New Or Term 4 NOTex& MbsB,. NOT&M5%s N Y Cen gen 334 N Y Cent 45 9 N Y Cent deb 4 NYCrfimats i3 NYCentribs. .. N Y Cent LS cl 3%s NYChI&Stl, 51584 NYChI&StL 5% 8B. NYCAStLAsA.. NY NH&H 31 NY NH&H 45 '56 NY NH&H cv db 6s NYOnt Wistds . NY O&W gen 4s 55. N Y Rys 6865, NYPRys6sA6 N Y State Ry 4%s. NYW&Bondty Nor & S gen fis G4 10414 72 100 100% 1064 REN, 9514 9814 103% & 109% 8614 10514 1087 103Y% 76'% B4Y 131 & I RelaaS-Raanant- g-‘ \orlhern Pac 58 D, Northern Pacr 1 68 Ore Short 1, rfs 4s. Ore Wash 1st 4s... zen4ls Pennsyl 5% #4. Pennsy) 6% . Pe vl gold Ts StL bs B 75., PCC&SILSSA.. Port RL & PSs 42, Reading gen 41s. . Rio G West el 4s R1ATk &L 4%s. .. St L IM&S 4829, St-L IM&S gn 531 107% 115% 9% 9% 5 1035 105 1125 1061x 1% 1117 96% 1017% Tl 9714 99% 101 MR A——Tans muaw StL&SFplasA, StL&SF rinbs StL&SF5%aD.. St L& SFadifs., St L& S Finc s \7 I.S W con 4s 32 Seah A I, ref 48. Seabourd A L 48 sts Senb A Load) 5s. Seah A 1. con fs SH Al Fla 6835A .. SB AIl Fla 68 258, , Sou Pacific clt 4s. . Sou Ry zen 48 Sou Ry Con 58 94 Son Ry s 56 Southern Rv Term Asxo S L 4%, TexArk K'S hlgs 0. Third Av ref 45 80, Third Ave ad) is Tol StL & W ¢ Union Pac Ist Union Dae 181 rf 45 Un Pac 415867 ... Union Pac cv 6 Virginia Ry 1s1 58 Va Ry & P hs. Wabash 58 76 B 2d 101% 1001, 108% 101 1001 10 102 # 103% 5 g 1 6 4 1 4 2 1 2 2 4 3 4 50 West Myrviand 43 56 018 L4 9ty X6 0 hore 4 VisCen wn dx 49 AlRClAF iy PAB.T EXPOBTS SW YORK. October 17 (#) of aircraft products in 4 7 kS 1 1 -1y Jul: ne plane valued at $11,354, 19 an | eraf. engines valued at $148.767, and t parts, $30,973, the automotive division of the Department of Com réports. Germany was the Yetober 17 (). Butter 51045 1041 (04 2 1040 1024 102 T 101% 101% 101% 4 106 1061, 1061 1105 105 105 r W g 33 or ATl gurgsIn S€ Gy ) Pamery extpns ndards, 44 extra firsts, 4 a,-u. ordii High. Low. Close. 924 « Nearby Growers Speculating | kensible fellow. he would praise Provi- | valued at $181,094, consisting of | N CENTER MARKET on Appearance of, Frost. Trading Slow., Threatened repetition of last week’s wet weather promises to further affect vegetation, and the manner in which it will be affected will depend entirely upon the question of the appearance of frost. Should there he no damaging frosts the next 10 days or two weeks, ac- cording to growers and dealers, ad- ditional supplies of Fall vegetables may reasonably he expefted. Late corn is doing well, according to reports, and delayed frost should mean largely increased outputs and possibly slightly cheaper prices. It is hardly probable, however, that prices of the top quality product will take much of a drop. Only fairly good demands for food- stuffs were evidenced this morning husiness being about normal for the first market day of the week, a day that brisk eldom experi- enced. Pric the same as those Teported _Today's Wholesale Prices. Butter IFFresh, 1-pound pr store packed, 30a31. ci—Fresh selected, 4a4 48a50; current rdceipts, Itry, alive—Turkeys small and medium, pring chicken 18a20; Kkeats, 53; hen- fowls, young, 40a roosters, capons, fancy, 35; ducks, ed—Turkeys, chickens, 3 ducks, 18a20 #8ad0; smaller, frosh Beef, Killed — 28; fresh ham, 19a20; shoul bacon, 25a26; 15 15; lamk smoked ders, 18; s alily; calves, Fruit and Vegetable Review. Today's market report on fruits etablex, compiled by the Market New Service Bureau of Agri- | conomics, says: upplies moderate; de- | moderate, market dull, few boxes, Washington, medium to extra 4.00 Cabbage—Supplies moderate: nd light, market stead ew York, ked per hundred wei; dome: ulr‘ ind type, 1.25; Danish type, mos : « Supplies moderate: demand | light, market stead New York, two- thirds crates, oviginal quality and condition, 2.quart climax ba 17018, few 20; chimax baskets s 1, mostly around 6. .l‘l(ll(l‘—fiunpllfls of Eastern stock v Semand. mioderate, . market steady; New Jersey, d Big Boston type, few sales, 1. plies of Western stock mode mand meoderate, market firm: nia, crates Iceberg type, 4-5 3.23, few higher. Onion Market Weaker. Onions—Supplies moderate; demand moderate, market slightly weaker, .es- pecially on New York atos 100-pound sacks vellows, large size, 5 ¥ 100-pound sacks yellows, U. S. No. 1.75; few Orange County kets Concords. *12-quart dozen. Pears—! \IDNIN light; demand mod- erate, market slightly weaker; New York, bushel haskets Seckels, fair q\mli' 3.00; Washington and Ore- oxes Bartletts, extra fancy, 375n4.00: Bose, fancy, mostly 4.00. liberal: demand : Michigan, 150- S. No. moderate, m: pound sacks Russet Rurals, U. 150-pound 1, mostly 3 Minnesota, pound ' sacks whites, U. 8. 5. Sweet pols ipplies moderate; t t-lis:h!l_\‘ weaker: Carolina, cloth-top barrels yellows, No. 1, 2.00. Tomatoes—Supplies mand light, market grown, 1;-hushel hampers, va rieties, 50a75; Ohio, 10-pound baskets hothouse stock, medium size, few sales, 1.75, Caulifiower — Supplies mand light, market dull; ) Long Island, crates, mostly 1 New York crates, fair qu condition. liberal; de- ew York 0; other ty and Consldenng Everythmg | From the Portland Orexonian There is more haste hut less content- | ment today. There is more leisure hut less of resting. There are fewer hard- ships but more complaining. Often we wonder what a modern youth would do if, suddenly hereft of his car and his highways, he found himself beside a yoke of oxen, a goad in his hand and the desert ahead. If he were a dence for having developed cattle and | man for having invented wheels.. But | for the moment, whatever his mettle, | the ordeal hefore him would be a great | ll-revealing_shock Buck & Company BROKEKS Fstab e Stocks Bonds Grain Cotton Write or cali for weekly mar. ret leiler No Oh'gations BUCK AND COMPANY Kvans Bldg 1120 New York Ave. Frankiin 3300 We Buy and Sell Liberty B:nds Treasury Notes | Etc. Bond Department = Washington Loan and Trust Company 900 F Street 620 17th Street YOUNGSTOWN, Ohio, October 17 (Speciall.—Although there has been some slight slackening of contracts for building construction, steel fabricators in the Mahoning Valley continue to operate at almost a capacity basis, Truscon Steel and Youngstown Boiler & Tank are at capacity. MANCHEST Shoe factories here are very busy. The expar J. I. McElwain plant's bu. it e 1 factories of the company are working full speed to catch up with orders from its retail stores. Sales at the retail stores of the F. Hoyt Co. are re ported running 14 per cent nhead of last year. DETROLT.—The potato harvest now is under way in this State. Many rural schools have cloged for a week or two o permit children to ald in the work. The yield is below normal, but late plantings are turning out better than expected, PITTSBURGH.—The Jones & ighlin_ Steel Corporation, through its subsidiary, the Vesta Coal Co., is mining about 9,000 tons of conl A day at its five mines, three of which for merly were union properties. Ofcialy are sald feel that this indicates coniplete success of non-unfon oper ations. WICHT pletions week, of which 1} LAND, Oreg hwestern Ll teen ol well com fed i the lunt were dry holes POR to the N sociation that and s Mills reporting men's As Mpments 122,005,000, ol WOOL PRICES HIGHER BOSTON. October 17 Higher prices demanded by denlers slowed down trading at the start the week in the Boston wool mar Some fine territory was moving, fleece wools were dormant. Kine te vitory was quoted today at 1. lean basis, French combing 1.08: one-half blood at 1.03a1.05: three- eighths blood at 9395, and quarter (Speci v thre and quarter blood atds. eighths blood FOBEIGN EXCHANGE (Quotations furnished by W.B. Hibbs & Co. 1 Selling checks today. $4R7 m KA o Ruldmest erowh crown w0ty enhagen. orow Uu]u erown il Stockholm 2607 17 (P).— quotations itain, demand, 60-day hill crowi Foreign cents). 486 9-1 on hanks. 302 mand, 1 Demand: 3.861; Holland weden, 40.19; Poland, 51i: Jugo Rumani 11.90: "14.08; Your First Thousand WO things are difficult in saving. One is saving your first thousand. The other is holding that first thousand after you have saved it. Swartzell, Rheem & Hensey Company can help you save it and help you hold it. Our First Mortgage Notes come in denomina- tions of $100, $200, $500 and $1,000. Buy as much as you can afford now. Buy an- other note with each $100 you save. that way you will really save money—and hold it, too, for once you own these sound securities you will think many times be- fore selling. No investor in Swartzell, Rheem & Hemey Company’s offerings fifty-eight years. 58 Years IWithout Loss to An Investor take pleasure viiteen Nundred October Seventeen Ni This cor#pany will look after your affairs with the same diligence. Slwnrlzell.IQzeem &Hensey Co, Mortgage Barkers 727-151h. Street, N.W., WashingtonDC. PRICES SAG LOWER INCOTTON MARKET Easy Cables and Better Weather Conditions in South Are Factors. By the Associated Pres NEW YORK, October 17.—The cot- ton market opened easy today at a decline of 11 to 31 points under liqui- dation, or reselling by buyers of Sat- who appeared to be Influenced relatively easy Liverpool cables and a favorable view of over-Sunday wenther conditions in the South. December contracts sold off to 20.62 and March to 20.87, or about 29 to 31 points below Saturday's closing quo- tations, but the selling tapered off at these figures, while trade buying and covering caused rallies of 8 or 10 | points from the lowest by the end of the first hour. teports of ‘a low harometer off the st of Florida attracted attention and may have contributed to (he rally, although the opinion was ex- pressed in some quarters that a big high aren over the Western part of the country would push it out to sea. Thcnter for Literary Plays. Melbourne, Australia, is to have a new theater devoted to literary plays and comedies, and local works are ex- pected to have a prominent showing. The auditorium will seat 1,000 people, and will contain two tlers, but no gallery. The structure will be of brick and reinforced concrete, and the | exterior design will be Northern | Italian. Foew birds can keep up speeding_express train. with a Clothes, Vacations, Carnivals Protected From RAIN Geo. H. Price Co., Inc. F. Harold Deland, Pres, 815 15th St. Main 4793 " Money to Loan decurea by (rst deed of trust on rea Prevailing interest cummisel Joseph I. Weller ';?,,W':,';,,'h‘,‘;, REAL ESTATE LOANS 515 % FRED T. NESBIT 1010 Vermont Ave. v [navesTmenT Pankers Woodward Building Washington, D. C. Main 2000 In has suffered loss in G. M. P.Murphy & Compmny announcing the removal of their Washington office to Eight H Street Real Estate Security mlfl shall be glad to immediately inves- tigate all applications for loans on First Trust Security submitted to us. EHERE will be no delay either in get- ting our reply—or in the money being advanced. EEVER+dGOS!| _REALTORS 1415 K Street . Main 4752 LR N BT R Equitable Co-Operative Bnldmo Ass’n JOHN JOY EDSON, President WALTER Organized 18’ th YI:L\K CO.\II Assets ... ..$5,228,031.94 Surplus Snlm:npholu for the 93rd Issue of Stock Being Recelved STEP UP THE LADDER TO FINANCIAL INDEPENDENCE! Start a svstematic savings account at $2.50 the Equitable and provide the way for Financial independence. Our plan of l’ar lre saving encourages thrift in a regular |Il|IIIIIIIIIIIIIIIIII"" 915 F STREET SRSt e Start now. & Maximu| eevice il Loans on Real Estate for Periods of 3, 5 or 10 Years WE HAVE UNLIMITED FUNDS TO LEND ON Residences, Apartments and Business Properties in the District and nearby Montgomery Founded 1907 BO LPS SSERPHE John Hancock Mutual Life Insurance Co. APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent Suburbs in Montgom- ery and Prince Georges Counties, Md 5: % Apply to H. L. RUST COMPANY LOAN CORRESPONDENT &he PRUDENTIAL INSURANCE COMPANY of AMERICA 1001 15th Street N W. Main 6388 SAFE FIRST A MILLION DOLLARS FOR INVESTMENT —might well be exacting and almost overcautious in selecting A hundred dollars should be invested just as delib- We suggest to investors both large and small our placement. eratelv and conservatively. Over a Third and Conueclical Avenue at K teen Husdied Twenty Seven of a Century Without & 6% FIRST MORTGAGES They Their earnings are absolutely safe. Loss are sure and regular, This is the combination above all else to be desired. B. F. SAUL CO. Main 2100 THERE 925 15th St. N.W. NO bbBSTl'lUTE FOR 1S SAFETY