Evening Star Newspaper, November 8, 1927, Page 13

INANCIA " First Mortgage Notes BEARING INTEREST AT 6% | Secured on Residences in D. C. i andl | —MEEes Member Mortgare Bankers' Assn, of America, Washington, D. C. il [nv:s-m:nf Bankers Woodward Building Washington, D. C. Main 2000 i | Money to Loan Secured by tirst decd of trust on real estate Prevailing_interest and commission, Joseph I. Weller '.z.“.(‘("“‘"" Lty First Deed of Trust Notes for Sale Secured by Improved Real Estate in the trict of Columbia cipal and Interest GUARANTEED REAL ESTATE MORTGAGE & GUARANTY CORPORATION Main 1403 26 Jackson Place Resources Over $4,000,000 L. E. Breuninger, President Mortgage Notes Consult Us —for safe investment of your surplus funds. Look to the future by invest- ing NOW. We have apecialized in the sale of such securities for 40 vears. Wm H. Saunders Co., Inc. Founded 1887 1433 K St. N.W. Main 1016 Continental Trust Co. 14th and H Streets Capital $1,000,000.00 Checking Accounts Savings Accounts Time Deposits Foreign Exchanges 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 WADE H. COOPER. President Capital $1,000,000.00 FIRST MORTGAGE SECURITIES Secured on Impm\'ed Real Estate in the D. C.—assured annual return [SHANNON & LUCHY) Investment Dept. 1435 K Street INVESTORS A nationally known firm of investment counselors will have in in the 1 Iding of $30,000 stocks we believe near you are n n in listed and bonds, it will be to your advan- tage to have him call, without obligation on your part, and explain our plan' whereby your income can be increased without sacrificing safety. Address Box 231-K Star Office excess | uets. NEW MARKET FIRM SEEKING LISTING Terminal Refrigeration and Warehousing Corp. Applies to Local Exchange. BY EDWARD Application has been rece the governor of the Washington Stock Exchange for the listing of $1,000,000 Terminal Refrigerating & Warehous- ing Corporation stock, having a par value of $30 per This stock will be exchanged share for the pr nt stock of the W Market C Advisability of changing the name u-f the Washington Market Co. came | before the directors and stockholders | several months ago and the change was later voted. he purpose of the | move was to give the company broad- ng on its business. | of the Washington Market Co. { has been listed on the local stock ex- | change for many years. During the present year 124 shares have changed | hands to date, the last sale being | made at 50%. It pays a 3 per cent dividend, so that at the present mar- ket quotation the return is 6 per cent. Convention Opens Thursday. E. Thompson, repres shington Stock 2 leaves here today for Cincin ! the second annual convention of the Associated Stock Jxchanges which | opens there Thursday. Mr. Thompson {also will give an address before a | convention of Ohio investment bankers. | One of the most prominent speakers |on the of the stock ex- i nt Attorney General William J. Donavan. The subject of his address is not to be announced until the convention. Probably the most important com- mittee report will relate to listing re- quirements. This committee has made an effort to standardize the rules and make the requirements such that any security listed on any of the 12 af- filiated exchanges will be known to be in a sound condition. Dewey on Poland Bank Board. The Bank of Poland announces to- day by cable from Warsaw the elec- tion of Charles S. Dewey, former As- sistant Secretary of the Treasury, as the foreign member of its board of - rectors. Mr. Dewey was recently se. lected by the government of Poland as its financial adviser in the admin- tration of the stabilication loan of §72,000,000, 2 large part of which re- cently was floated in this country The Polish legation announced that Mr. Dewey was elected to the board on Saturday. The statutes of the bank had to be changed to permit | an additional member. United Drug Co. in Merger. It is reported that the directors of the United Drug Co. and of Sterling Products Inc., are negotiating for a merger of the two companies, the me of the proposed concern to bs United-Sterling Co. Louis K. Lig- gett, president of United Drug, will be chairman of the board and A. H. Diebold, treasurer of Sterling Prod- ucts, president, The plan is said to involve the issuance of three shares of new com- mon for each share of United Drug common and two shares of new com- mon for each share of Sterling Prod- It is intended that United Drug shall handle the merchandising land sales while Sterling Products would handle the manufacturing and distribution. . 8. Treasury Offering Popular. The market appears well pleased over the Treasury’s offering and in- dications point to a possible over- subscription. The rate, 3% per cent, coincided with the market for a seven: month issue. The amount, howev: was somewhat smalier than general'y | expected, in view of the volfume of second Liberty loan bonds still out- standing, some $760,000,000. It is believed that most of the sub- scriptions for the new issue will be | cash; in other words that the amount of second 4%s and second 4s turned in in exchange will be relatively all. Remaining holders of second | liverty loan bonds*are evidently not | of the class who would wish to con- funds into a short term Treasaty issue. Many are disposed to wait and get cash for their bonds on November 15, when the issue matures. Other Financial Notes. While there was no trading in Washington Railway ectric com: mon here or in New \ulk yesterday, its sensational leap to 460 in New York Saturday was still being dis- cussed in the local financial district today. When a broker was asked how high he thought railway common might go he replied: “That is as much of a mystery as when the traction merger will actually take place; when the M street bridge will be re-opencd to traffic; or when Mayor Thompson l\\ill end his private war on England. President R. Golden Donaldson ot the Commercial National Bank has returned from a short visit to ot Springs, Va. President Wade . Cooper of the Continental Trust Co. is back at his desk from a business trip to New York. Controller J. W. McIntosh nas reached home from a trip which took him as far West as the Pacific coast. Tickers in all the local broker offic were quiet today hecause of the elec- tion in New York which caused the closing of Wall Street. Trade Board Under Discussion. Two much discussed public ques- tions—the control of crop surpluses to prevent a bumper crop from bump- inz the farmer into bankruptcy, 3 the i icy toward bu during the tion of the National Fertilizer Asgo- ciation beginning at Atlanta tomor and Jasting through Wednesday. rtilizer manufacturers and agri 1 workers from States are expected, according to Charles J. trand, Washington, executive secre- v and treasurer of the association. rember & (Spectal).— The sale of Paige-Detroit motor cars in the last month totaled 1,410. This ares with an output of 2,018 in previous month. It seems certain the million. mark for 1927 wili be exceeded by Chevrolet shortly after the first of December. DETROIT, N CL"“VELAND. — —Thomson Prod- manufacturers of automo- -ile valves, tie rods and other parts, earnings for the first three quarters of this year 218 per cent larger than for the corresponding period of 1926, This company -has just booked an order for 300,000 valves for various manufacturers. Its contracts with the Hudson Co. for tie rods, drag links and starting cranks total $750,- 000. NILES, Ohio.— The Youngstown | Steel Car Works, now the William | Wilkoff Co., has resumed operations after being .shut down a year. Forty sheet steel mills in this district | are now in operation. NEW ORLEANS.—This year's Louisiana_sugar crop is expected to bring producers $15,000,000 to $16,000,- 000, or nearly double that of last year. In addition, it will furnish e seed to triple last year's,grop. THE GERMAN STEEL TRUST EXPECTED TO PAY 6 PCT. Director Sees Danger in Present Social Legislation—Report One Cause of Big Flurry. By the Associated Press. BERLIN, November 8.—The Cologne Gazette today said that it had learned from one of the directors of the Ger- man Steel Trust that the financial po- sition of the trust and its gross profit E confidently expected to enable the payment of a 6 per cent dividend for the past year. The director also said that danger threatened the economic life of the nation from the present social legis. Jation, especially from the three-shift system introduced in the mining in- dustry, and from the high cost of ma- eport of the Ger- st closing a strained | position, was one of the con. tributing causes to a hectic flurry on the Berlin Boerse yesterday, in which some shares lost as high as 38 points, compared with the Saturday close. A passage in the report believed to rtially responsible for the slump ‘omplete stagnation of a great part of Germany's economic life, par- ticularly in the coal and iron indus- within a very short time there is complete reorganization of Germany's economic and financial policy and also unless the burdens imposed on Ger- man industries are not only not fur- ther increased, but, on the contrary, considerably reduced.” This was regarded in Berlin as sec- onding the warning sounded by S Parker Gilbert, agent general for rep: rations, against undue expenditures ! Germany and the negotiations of loans. CHICKENS HIGHER: TURKEYS DECLINE Fairly Large Shipments of Rabbits Moving Well. Meats Are Steady. Spring chickens, low last week, due to heavy receipts without correspond. ing increase in demands, advanced several cents yesterday and today. Turkey prices took a slight drop. Dealers are receiving fairly large shipments of rabbi from nearby states and distant points, the trapped stock being in particularly good con- dition, while some of the shot rab- bits have anything but an attractive appearance. Consumers are willingly buying both classes of rabbits, however, prices de- pending entirely upon size and condi- tion of the game. Good stock is bring- ing advanced prices, retailers asking as much as 85 to 90 cents for them. A continued firm condition of the butter and egg market was reported this morning, meat prices remaining about the same as those reported yes- terday. Snow early this morning did not interfere with trade or keep re- tailers from reaching market at the usual early hours. Today’s Wholesale Prices. Butter—Fresh, 1-pound prints, tub, 51a52; store packed, 30a3l. ng.n—Fre.‘h selected, 4784! hen- nery, 55a60; current receipts, 45. Poultry, alive—Turkegs, 40; fowls, small and medium, ; large, 24a 25, Spring chickens, 25a26; roosters, | 16a17; ducks, 18a20; keats, young, 70a | 75; old, 35. Dressed—Turkeys, 45a 64; pring chickens, 30a32; roosters, 18a | Y 0; ducks, 18a20; capons, fancy, heavy, 38240; smaller, 35; ducks, 25; keats, 80a90. Meats, fresh killed—Beef, 18a20; veal, 25a27; lamb, 25a27; fresh ham, 21a22; loins, 21a23; shoulders, 18a19; smoked hams, 24a25; smoked shoul- ders, 18; strip bacon, 25; lard, 14lza 15; calves, 16; lambs, 1 Fruit and Vegetable Review. Today's market report on fruits and vegetables, compiled by the Market News Service Bureau of Agricultural Bconomics, says: | Apples—Supplies moderate; demand lizht, market dull. Boxes: Washing- ton, medium to large size, extra fancy Delicious, mostly 4.00, few higher; ex- tra fancy Staymans, 3.00a3.1 thans, 3.00a3.25. Bushel Pennsylvania, unclassified Yorks an Staymans and Black Twiggs, 2% inch es up, windfalls, 1.50; Virginia, No. 1 Grimes, 2 inches, 1.35a1.50; classifiled Staymans and Yorks, 1.50a 1.75. Cabbage — Supplies moderate; de- mand light, market dull; shipped-in stock, no sales reported. Celery — Supplies liberal; demand moderate, market about steady; New York, 2-3 crates, mostly 2.25, few higher; ordinary quality and condition, 1.75a2.00. Grapes—Supplies of Eastern stock lizght; demand light, market steady; New York quart Climax baskets Catawbas, 2.quart Climax baskets Concords, 75a80. Supplies of Wesjern stock moderate; demand moderate, nnrkot steady. California, lugs Flame T 5 urdmary condition, % llmq Musc ts, 1.00a1.10. Lettuce—Supplies moderate; de- mand moderate, market stronger; California, erates, jceberg type, 4 dozen, 3.25a3.75, according to quality and condition. Onjons—Supplies light; demand light, market dull; New York, 100- pound sacks, )ellowl U. 8. No. 1, medium lo large size, 1.50a1.75; best, mostly 1.75; Michigan, 100-pound sacks, yellows, U. 8. No. 1, medium to large size, 1 1.85. Potato Market Firm. Potatoes—Supplies moderate: mand moderate, market firm; Hfl pound sacks, llurn]N Penn sacks, round whites, . 1, 3.25a 3.40; Michigan, 150-pound !aLk!, Rus- set Rurals, U, 8. No. 1, mostly 3.40: Minnesota, pound !acks round whites, Tnmatmn—humflles modortl'e. mand light, market dull; California, lugs, ripes, wrapped, 20"{12"5 Ohio, 10-pound basket, hothouse stock, medium size, 1.75. String |)P(lflfl—cllyl[)“0! Iiberal; mand light, market dull; Norfolk _section, 5-peck green, 2.00a2. South bushel, hampers, green, poorer, low as 1 l'lorlrh lmmnorfl;l green, 1 - us —Supplloq “lheral dem: market dull; Florida, nepnp"e(rl- fancy wrapped, 2.50a2.75. umbers—Supplies light; demana light, market steady; Florida, square bushel crates, No. 1, 4.50a4.75; fair qul::my. 4.00. Sggplant—Supplies light: dema light, market steady; Florida, pepp:(: crates, fancy, few !ales 3.00. lECOVERY ON BOURSE. BERLIN, November 8 (#).—Yester- day’s flurry on the Bourse, caused by the memorandum of 8. Parker Gil. bert, reparations agent, was succeed- ed today by a gradual recovery. Quota- tions improved up to 15 points. Only a small number of shares were placed on the market, Large banks whose directors conferred this morning on yesterday's collapse in the market de- cided that intervention would be un. necessary. de- de- Virginia, hampers, Carolina, i 100, CASE THRESHING.—Directors of Case Threshing Machine Co., post- poned their meeting acheduled = derday until Novi 4 ks i EVENING STAR, WASHINGTO! COTTONESTIMATE | OF GREAT IMPORT Price Growers Get for Un- sold Part of Crop Hangs on Tomorrow’s Figure. BY J. C. ROYLE, Special Dispatch to The Star. NEW YORK, November $.—The cotton growers of America today have something like 4,000,000 bales of the 1927 crop still to sell. The price they obtain for this cotton will de- pend to no small degree on the Gov- ernment estimate of the crop and the ginning report, which will be made tomorrow. The South is almost a unit in be- leving that this estimate will certain- y not be larger than the total of 12,678,000 bales forecast a month ago. Hundreds of good judges belicve the aross will be considerably less than this previous estimate. Th. growers estimate that between 9,800,000 and 10,000,000 bales of the crop were ginned to November 1, and fully 80 per cent of this amount has not passed out of the hands of the growers, The spinners and the cotton mer- chants who buy on call and wait for a favorable opportunity in the market to buy in their hedges and tirus fix the price on the cotton, both on call and hedges, for wheir account, are hoping that the rnment report smorrow will lower the market. The South i very long end of the hedges and seems in- clined to stand pat and wait for the spinners to start buying. Marketed for Less. The farmers themsclves the cotton already sold K marketed for probably a g of a billlon dollars less than would have been received if the Departs ment of Agriculture had refrained from making any comment as to the probable trend of prices. They also cite the controversy between Secre- tary of Agriculture Jardine and Sec- retary Hester of the New Orleans Cotton Exchange as to the carry- over from the 1926 crop. Secretar ardine, it is felt, practically has re- f||l(‘d his big figures of a carry-over 00,000 bales, by his atement 3 per cent of the which this total was taken from private sources and were not_official. It the Department of Agriculture reduces fits previous estimate, this development in the controversy over the carry-over may prove helpful to the market for the remaining un- picked, unginned, and unsold cotton, according to Southern experts. Preliminary figures on world con- sumption of American Hnt cotton are expected to show a new high record, and according to some recogs perts the amount a ’l|lnhlfl this for American spinners’ taking and fn! export will be only around 15,800,000 They that if Furope and Asia took every hale of cotton left by the American spinners their supp!: feel fl t heen would be 200,000 bales more than the | amount they imported last year. Taking Advantage of Price. This is having a decided bearing on the situation of the textile mills. One company in New England, for ex- ample, has recently increased its divi- dend rate from $8 to $10 a share. An- other concern, which has not taken equal advantage of the cotton price situation, has been forced to reduce s by 10 per cent. Still another textile company which some months ago wa don its plant in N a profit of $410.40; cal year as wgainst a deficit of $649,- The management ex- surplus was provided w material prices and by profit on inventorics. Some textile manufacturers who have been com- plaining bitterly over heavy inven- tories of cheap cotton goods are now mightily glad that they have them. plains that the by the rise in r: ., Baltimore Markets BALTIMORE, November 8 (\po al).—White potatoes, 150-pound sacks, i 1 .00; sweet o 00; I‘rlwmls sprouts, 2.0 te, 1 0; lettuce, cr 3.0024.00; kale, bushel, 2.00; lima beans. b et, 1.00a pounds, 1.00a1.75; peppers, pumpkins, 100, 1.00a2.00; 4 savoy cab. 5 »plnarh bushel, basket, 40290; te, 1.00a basket, 12a18; ori pears, hn"hel 1.00: shel, 1.00a2.25; Keifer pears, 40a60. Hay and Grain Prices. . 2 red, Winter, export, red Winter, export, red Winter, 0. 3 red Winter, g: 1 ¥ domestic, 1.00; 4.90a5.00 per barrel, ; quinces, bu- bushel, cob corn, Dl(l nominal. Oats—No. 2 white, mew, 583zab No. 3 white, new, 57%4a58. Old oats selling at 2 and 2% bushel over new oals. Rye—Nearhy, 90a1.00. Hay—Receipts, 22 tons. New hay is arriving in only limited quantity. is, therefore, not being offic graded and sells strictly on its merits, \\llhin range of 14.00a16.00 a ton, and clover grades. Straw—No. 1 wheat, 10.00a11.00 per 0. 1 oat, 13.00a14.00. Dairy Farm Products. Poultry, live—Turkeys, pound, 25a 40; Spring chickens, Leghorns, ; poor and thin, 17a18; old hens, 15a17; old roosters, small and poor, 17al18: geese, 20a25; pigeons, pair, 20 a30; guinea fowls, 40a90. Fgrs—Recelpts, 1,437 cases; native and nearl current receipts in free cases, dozen, 40a42; strictly fresh, dozen, 45a47. Bufter—Good to fancy creamery, pound, 45a49; prints, 49a51: blocks, 48 a50; ladles, 37a38; rolls, 3315a36; store packed, 3 dairy 3315a36; process, 4 WILL LIST PENNSY. CHICAGO, November 8 (). -—Arlhur \\ ood, president of the Chicago ock 1ze, last night announced Penn- wlv nia Railroad stock would be list- ed on nw Chicago exchange beginning . The exchange met to con- reasing the daily news volume to 500,000 shares. PBICES ON PARIS BOURSE. PARIS, November 8 (&), — Prices were irregular on the Bourse today. Three per cent rentes, 64 francs 90 centimes; exchange on London, 124 francs 5 centimes; b6 per cent loan, 74 francs. The dollar was quoted at 25 trancs 4715 centimea, POTATO MARKET FIBM November 8 (#®).—To- I:nlumw—l(ecehim. 151 cars; on track, 496; total United States shipments, 853 cars; demand and trading slow, market firm; Wisconsin, sacked round whites, 1.60a1.75; few fancy higher; Minne- sota, North Dakota, sacked Red River Ohios and round whites, 1.40a1.60; Idaho sacked Russet Burbanks, 1.70a 190, Packing, 1.40a1.§5, bullish and holds the | garlicky, | D. €. TUESDAY, MICHIGAN BODY SCORES FORD-SHARE SALES PLAN ‘Wilmington, Del., Firm's Proposal to Issue “Bankers’ Stock” at $10 Against Deposit Frowned On. By the Associated Press. LANSING, Mich, Novemhpr 8.— The Michigan State Securities Com- mission today expressed its sharp di approval of a proposal by a Wilming- ton, Del., company to sell part shares of Ford Motor of Canada stock. The proposal. which is being made by mail to Michigan investors, the commission says, contemplates the issuance of “bankers' shares in de- nominations of $10 and secured under a trust agreement providing for the ance of 100 bankers’ shares nst cach share of Ford of Canada stock deposited with a_ trustee.” “Inasmuch as the present marki price of IFord of Canada is approxi- mately and there is being issued agai each share deposited 100 hankers’ shares at $10 each, or a total of $1,000, it is evident that it is a scheme to entrap and deceive those who are not familiar with market value-” the commission says. “Last year the Ford Motor Co. of | canada paid ditidends of $10 per share and on that basis investors in the called bankers’ shares would receive a return of 1 per cent on their invest- WHEAT GOES LOWER ON ARGENTINA NEWS Better Weather in Southern Hemi- sphere Bearish Factor—Corn Price Points Upward. | By the Assaciated Press, CHICAGO, November 8.—With re- ports at hand that weather in Argen- tina has become favorable, wheat aver- aged lower in price today during the early dealings. Fresh confirmation was lacking that either rust or frost in Argentina had done important dam- age. Opening unchanged to % off, wheat later underwent a sag all around. Corn was strong, starting | % to 1 higher and continuing to| point u were firm. Pro- ders appeared to be in- clined to mive considerable attention today to advices that Argentine crop prospects are good, although as yet an auspicious result for the season is hy no means assured. The bear side of the market was given some advantage also by word that Liverpool stocks of this week totaled 1,832,000 bush- 8, against 1,028,000 bushels last week, and 440,000 bushels a year ago. News of better weather in Argentina was somewhat offset by winiering condi- tions likely to delay the movemen® of wheat in territory both north and south of the Canadian line. Unsettled condtions in the corn helt gave a pronounced strength at times today to the corn market. No selling pressure was in evidence until May advanced to above 92. Tieceipts here were small, only $9 cars arriving in Chicago today. CHICAGO LIVE STOCK MARKET CHICAGO, November 8 () (United States Department of Agriculture)— Hogs—Receipts, 39,999 head; slow, generally 25 lower than yesterday's average: top, 10.00; some held higher; bulk, desirable, 210'to 300 pounds, 9.75 a10.00; 170 to a9, 140 t0 160 pounds, l’ngol\ 8.00a! best lots, 8.50. L.nuc—n.\m, ,000 head; fat v, Killing _quality |0|l feds comprising most entire steer supply; about 3 Western grassers in run ers and feeders active, strong to dvance; fairly active tr stock and weighty shipper bulls; veal- 5a50 higher; best fed yearlings, 17.25; most fat steers, 15.00 downward to 12.00; 5.25 market on low market culls; few 5.35; strong weight cutters up to 6.00, Sheep—Receipts, 9,000 head: ship- ng demand active; fat lambs, 25 higher; bulk good comebacks on na- tives to packers, 14.00al. scattered offerings to shippers, 14.00a14.35; few buck lambs, 110 to 130 pounds, 11.25a culls,” 10.50a11.00; sheep strong; < 'ood and choice fat ewes, 6.25a : to 110 pound yearling 11.00; feeding lambs o kinds good range 14.00 downward. SMOKERS ON fBDLLEYS BALTIMORE, November 8 (Special). | —The United Railways, which eon- trols the trolley systems of Baltimore, will seek to regain passengers lost to private automobiles by installing | smoking compartments in the rear of its new articulated cars. Plans of the about | feeder Public Service Commission. BUTTER HIGHER. 10,782 tub: standards, 4. firsts, 40a41% | ter, receipts, | Cry highe | hoth ci new car have been submitted to the || CHICAGO, November 8 (#).—But- || NOVEMBER 8, 1927.° STOCKS' RECOVERY SEEN AS TECHNIGAL Improvement Viewed Reac- tion to Continuous Declines in Market. BY RLES SPEARE. $pecial Dispatch to The Star NEW YORK, November 8.—With all of the stock and commodity mar- kets, excepting Chicago, closed today on account of the elections, Wall Street was discussing the sharp recov- ery in stock prices on Saturday and yesterda “This improvement was looked upon as natural, following three weeks of almost continuous declines. Li occurred to change the out pearance of business or sug nings for the December qus for them while the October break was in progr By the law of averag a market that has had a sharp col- lapse is supposed to make up from one-quarter to one-half of its loss be- fore another decline sets in. This is what is now taking place. cater improvement in stand- ad_stocks than in standard industrials is due to the better in- come return on the former. The rails have in & few instances gone above a 5 per cent return, whereas many industrials sold down to a yield basis of 4 per cent or under. Another in fluence that hs Jage of the r ard railr is the prospect of a ‘considerablo reduction in the corpora- tion ta from which transpor ion has suffored seriously in the past soven yeurs. The “strength of the bond market reflects the casiness of money, which also adds to the favor in which fu- vestment stocks are held by the pub- lie. Old hond fssues are in constant demand at rising prices, but there is plenty of evidence that new issues are moving out rather slowly and that the public is again becoming very discrim- inating in its pu I This week will bring the Govern- ment reports on the conditions of corn and cotton as of November 1. As »ps are pretty well harvested. these figures will stand without much change for the res year, JOIN RATE FIGHT. Baltimore Shippers to Ask Recon- sideration of Southwestern Case. . Special Dispatch to The Star. BALTIMORE, November #.—TLocal shippers have joined with New Eng- land interests in requesting the Inter- state Commerce Commission to re- consider its recent decision in the Con- solidated Southwestern freight rate cases, according to G. Stewart Hender- son, traffic manager of the local cham- ber of commerce. A petition asking such a reconsider- ation, Mr, Henderson said, filed with the commission on behalf of the Baltimore Chamber of Commerce. FEDERAL LAND BANK BONDS. (Quoted by Alex. Brown & Sons. Closing.) MONEY for SECOND MORTGAGE LOANS Homes and Business Properties PHILIP MILSTONE 1104 Vermont Ave. Decatur 1681 Do Y—;u F;(i? 'Loan Necessary | I | | —to meet that maturing | mortgage? | | i i 1 We make loans on Real E state in District of Co- (f/ lumbia and vicinity. Ample funds available. Lowest Interest and Com- mission. Prompt Service THE COMMERCIAL ' NATIONAL COMPANY, Inc. Paid-Up Cash Capital, $700,000.00 | Commercial National Bank Bldg. tth and G Sts. unchanged; 1343 F them.” _The Arthur Burt Co. Street Suggests serious consideration of its truism —that “caring for feet is better than curing In that connection your Footwear require- ments can be accurately met from our exten- sive assortments—specially made for us by the leading shoemakers of America and Lon- don—and rationally priced. Over a Third of a Century’s Experience B. F. SAUL CO. Not Only Do We Manage Property We also advise. And owners whose property investments we super- vise find it profitable— as well as convenient— to command of us many courtesies of advisory service that prove to be of money-saving worth. 925 15th St. N.W. rter | will be any better than was claimed | been to the advan- | had been | FINANCIAL. \ Mortgage Money Loaned at Low Interest Rates Economie_Conditlons Tyler & Rutherford L Bene: oan Correspondent Mutual L 1520 K Street Main 475 REAL ESTATE LOANS 512% FRED T. NESBIT 1010 Vermont Ave. Main 9302 First Mortgage Money to Loan If you desire to mortgage either residential or business property, to replace a present mort- gage or to finance a contemplated building proj- ect, our experience of over a Third- of-a-Cen- tury is yours to command for counsel and our funds available for loans. Immediate Answers on Applications B. F. SAUL CO. Main 2100 925 15th St. N.W. Low Interest Rates and Commission The New York Life Insurance Company Offers to Make First Mortgage Loans On Improved Real Estate in the District ot Colun.bis and Nearby Suburbs in Montgomery County, Md, for 3, 5 or 10 year terms on your - 8%2% Apply RANDALL H. HAGNER & COMPANY 1321 Connecticut Ave. Telephone Main 9700 Office Building Business Property Apartment Home The ian}( of Personal Service Why Pesmit Yourself to Be Worried —over the care of Important Papers — Bonds, Stock Cer- tificates, Mortgages, your Will or similar valuables, when they can have the security of our safe deposit vault, at little cost? { SAFE DEPOSIT BOXES of generous size, as low as $3.50 year. We PAY MORE INTEREST on ! Savings Accounts than any other National Bank in Washington. Tue Commercia NamonaL Bank Capital & Surplus, $1,400,000,00————Resources, Over $18,000,000.00 Corner Fourteenth and G Sts. cameDENTAL AGE]VTS——I Our experience in the manage- ment of apartments, office buildings and stores enables us to offer to the property owner unexcelled service at a minimum cost. As leasing agents for local and nationally known con- cerns we have at all times desirable prospects. Rental Department JEAVER BRO REALTORS 809 15th St. N.W. Main 9486 Why We Deal in Bonds Only 'ORPORATE securities fall, in general, into two classes —stocks and bonds. And per- haps the best demonstration of the superiority of bonds, for both safety and dependable income, is that in any distribution of corporate funds the bonds come first. Before the stockholders are even considered, the bond-holders must be taken_care of. It is because bonds are the safest and also, in our opinion, the most consistently profitable form of investment, that the banking house of J. A. W. Iglehart & Company confines its offerings to bonds only. We maintain an Engineering and Statistical Department to investigate and analyze the security behind bond issues, and to select those which appear most desirable for recommenda- tion to our clients. Write to us—or, cometo see us—for information about our specialized service in bonds cnly J-A. . Iglehart & Co. Investment Bankers 219 FIFTEENTH ST., WASHINGTON, D. C. BALTIMORE, MD. WILKES-BARRE. PA. WILMINGTON, DEL. CLARKSBURG, W. VA, RICHMOND, VA