Evening Star Newspaper, November 9, 1927, Page 15

Prompt Action First Mortgage Loans Lowes: Ratees of interest and Commission Thomas J. Fisher & Company, Inc. “MONEY for SECOND MORTGAGE LOANS PHILIP MILSTONE 1104 Vermont Ave. Decatur 1681 REAL ESTATE LOANS 51 % FRED T. NESBIT 1010 Vermons Ave. Main 9:303 B L T Mortgage Money Loaned at Low Interest Rates Economic Conditione Tyler & Rutherford nt Slutual Heneth 1520 K Street ~Main 75 (]fifi yw Iuv:srnmr Bankers Woodward Building Washington, D. C. Main 2000 Surety B()'\DS Exccuted Without Delay Geo. H. Price Co., Inc. F. H. Deland, Pres. 815 15th St. Main 4793 Offices Saul Building 925 15th St. N.W. Several desirable rooms at very reasonable rents. Inspec- tion invited. B. F. SAUL CO. Main2100 925 15th ST.N.W. WE PAY MORE INTEREST ON SAVINGS ACCOUNTS .Than Any Other National Bank in Washington Interest on DAILY Balances Come in and let us explain Commercial dat” Bank 14th and G Streets ‘Resources, $17,000,000 R. GOLDEN DONALDSON PRESIDENT First Mortgage Loans Applications Invited at 5%% On Improved Property 2 S s 3 5 ] 3 3 3 Construction Loans at Minimum Rates Glover & Flather 1508 H St. N.W. We will gladly receive and give. prompt attention 40 applications for Loans on Washington % * Real Estate ! | . Current rates of mter- !} | est. Shaunld von have Nic::v to lnvest .1 also take care of Uur experience, ex- 2 over a period of Thirty-five Years suies vour protection, Percy H. Russell Co. 926 15th St. N.W. R ¢ —_ e You. , ten 11 INSURED " Mortgage Bonds TInsured with the Equi- table Surety Company (under supervision of the + New York State Insurance Department), which pledges its two million doilars of resources to the | payment of principal and interest. f[Unconditionally guaran- teed by the Federal Se- curity and Mo taage Com- pany vith 0.000 re- Secured | v trusts on con- appraised, property in the District. Maturi 6%% 1.;':“"' 1o 106 ments, pay- FEDERAL ! 1412 K Street N.W. \ Washington, D. C. | Please send me 1ormation about Insured M s Name Address 116 and the FINANCIAL. RAIL AND UTILITIES | Coxmev-som_BONDS sroce e BONDS LEADLST Some Foreign Issues at New Highs—Second-Grade Car- rier Obligations Up. BY CHARLES F. SPEARE, Special Dispatch to The Star. NEW YORK, November 9.—Many new. high prices for the movement were made today in railroad and pub- lic utility bonds, and there were a few foreign issues which exceeded their previous high marks. Trading was active under the influence of con- tinued easy money and a strong de- mand from institutions. The most outstanding group was that of the senior rails. Atchison 4s touched 98 after moving for a long while just | below this figure. It w however, in the new 41% per cent issues that the largest turnover and the most aggres- buying occurred. Union Pacific ar, thé Mobile & Ohio 98, Northern Pa- Northwestern 41;s rthern 4s to par, while New York Central 4138 advanced into new high ground. Northern Pa- cific 3s were relatively stronger than the 4s. Second-Grade Rails ' Gain. At the same time the absorption of the .second-grade rails went on in spite of the steady advan-e in prices. Frisco prior Jien 4s moved up to 92. The market recently was pretty well cleaned up of all bonds offered under Southern Railway 4s were also the 6s and 6'2s at about and 127 respectively. Erie refund. ng 5s, Denver 5s, Missourl Pacific 5s, Western Maryland 5's and Rock Island 41,8 were firm. = Seaboard Afr Line fssues were irregular and East Coast Lin The same kind of bu fluenced the rails was to the industrial and public vt li United States Steel b8 touched 109, Bethlehem Steel 63 moved up |to 104, “lidvale Steel 5s crossed par, Armour 4138 were up about 3% and there was improvement in such listed utilities as Internatonal Telephone 4158, New Orleans Pulliz Service bs and Northern States Power bs. The local tractions made only a moderate response to the New York election, in which a large .bond issue Tk voted for transit expansion. In- horough 5s. Manhattan 4s and Blookl\n -Manhattan Transit 6s rose an averdge of 5. Brooklyn City R: way,bs jumped 2 points. Foreign List Rises. The effect of the recent strength in French fssues and the proposed re- funding of the 8 per cent bonds had some effect on other foreign issues, particularly those of South American and Scandinavian countries. French 7155 touched a new high price above 7s crossed German 7s. The German list was rather_heavy, especially the Berlin Public Utilities and the German Central Bank old s, which sold a poipt under the new 6s. Budapest 6s went under 87, Australian 58 below 97 with fractional losses in Italian government and municipal issues, The U. S. Government long maturi- tles were higher but not up to the re- cent record level, e PIGGLY WIGGLY SALES. NEW YORK, November 9 (#).— Sales of Piggly Wiggly Western States Co. for 10 months this vear jumped to $10,991,842 from $6,272,301 in the same period of 1926. SILVER QUOTATIONS. NEW -YORK, November 9 Bar silver, 573; Mexican dollars, 43%. D ——— | { Washington Stock Exchange SALES. Wash. Gas 5s—S$500 at 102%. $1.000 at 103 o Wash. R. & E. 45—$1.000 at 89%.. §2.000 al action Co.—20 at 108, 10 at 108. % 10 at 108: Pot, Elec. 5!3 t 107. 5 at 107%. Wa THA—-15 at 100. 20 at 100. 20'0 100, 45 A% 100, 100t 100, Amer, Sec. & Tr. Co—1 a 2 at 451, 2 ar 452, 1 at 4503 Nt A& Tove of X Peoples nmr '4 L) “!-— at 11 Sanitary Groe Co. pfd.—1 at 102%. AFTER CALL. t «—S$1.000 at 102 at ‘m; b e Ton- W00 133 <3800 "o S3nd and Gr. ofd 10 at 102. €01 fand and or, ot 10 at Money—Call Inans, 5 and 6 per cent. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Asked. Amer. Tel. etown Gas 1st Potbmae Elec. 1st Potomae Elec. “l:lh Bwy. & rlc(‘ n(fl .o NATIONAL unx TRUST COMPANY. Amerfean Se_}mly & Trust, Jntiental ¥ oy mk SAVINGS BANK. vk of Bethes) ] Security & Mortgage Co. || Mech, Mt “'ddlznl "J‘I h H¥ideng | Beth Steer 5145 63 | Laciede (3 5 % 62 Received by Private Wire UNITED STATES. (Saler are tn $1.000.) Sales. High l.nv Lib3%s.... 13 10116 10115 Lib nfl(- 12 10314 10312 10314 Lid 2100 100 116 100 30 100 29 Libdth 4%s 89 1041 10330 US 3% 43-47 201 101 27 101 26 101 27 US3%s... 309 10620 106 18 10619 US4s1944. 99 10920 109 18 109 20 US4%s52. 90 11422 11418 11421 FOREIGN. Sales. Klth Low Close. Argentine 3 90% 90 Argentine 6s Ju 5’ 20 99‘4 Argentine 6sOct§9 8 99y Argentine 6s A. Argentine 63 B. Australia 5s 195! Australia s 195° Bank of Chile 814 Belgium 6s. Bremen. State. 7a.. | Buenos Afres 7s /7 Buenos Alres 7s 68, Canada 53 1981, 2 102 13 107 Chile 78 1943..,. Chile 83 1941, Chile 8s 1946. Czecho 7%s rot: Czecho 8s 1951, Czecho 8s 52. . Danish Munte 8s A Danish Munic 8s B Denmark s Duteh Fast | Rs 47, 2 Duteh Fast | fx 62, 29 2 El Salvador 8s48., 2 107% 107% 4 96 951 2 1004 100ty 1044 106 115% 110% 9514 106 994 97 100 1011 9TH 95 91% 1013 107 10015 1041% 106V 116% 110% 9514 106'% 9% 974 1004 10115 977 95 M 101% 10374 991 Finland 7s Framerican French 7a. French 7% French 8s. German EI P6%s. 10 954 German 7s.... Hungary T s Italy 7s. Italy Pub lapanese 4s. Japanese Gl Jerzens U M 6s 47 241 24% 35% Mexico 4s 04 a Mexico 4s 10 asntd. Mexico 5s asntd. .. Milan 6%s.. . 92 Montevideo 7s..... .fl 102% Netherlands &= 64, 47 102% Netherlands s 72. 1 107 Nord 6s. Norway 6% Norway fis 1943, Norway 6s 1944 Norway 6s 1952, Orfent Dev deb 6s.. 16 "fi Paris-Ly-Med 6s.. 63 964 Paris-Lyv-Med 7s.. 32 1017% Paris Orleans 7s... 39 100's 1 103% = LIEA 1024 102% 107 100Y 1005 101% 1024 1025 6 954 101% 100% 103% Porto Alegre Queensiand 7s Rhinelbe Un 7s Rio'de Jan s N 4 114% . 62.1071% . 27 103% SerbsCrot Slo8s.. 9 99% 6 98 12 104% 1 104% s 1108% SwissConfed 8s.,¢ 6 113% Toho Elec Pow T%. Tokiobs. .... 0.0 Utd Kingm/61,s 29 Utd Kingm A 148 37 Utd Steam Copen 8¢ Uru:uny‘l 5 110 llW‘/A Yokohams & 4% van MISCELLANEOUS Am Agri Chem 7% 20 104% 104 Aph Cotton Of] 5s.. 3 100% 100% m Repubdebfs.. 5 101% 101% mSmit& R 1st 68 18 102% AmSmit& RAs... 5 108% Am Sugar ref s.. 10 105% AmT& Teltr Am T & T el tr b AmT& T sf 5s. Am T & T deh 5%s Am Water Wks 5s. Am Writing Pap €8 Anaconda 15t 6s. Anaconda ev db 7s Andes Cop s rcts. Armour&Co 4%s 39 Armonr Dal fips. . Atlantic Refin 5s.. Barnsdall 6s 1940, Bell Tel Pa 58 B... Bell Tel Pa s Reth Steel p m Beth Steel rf 58 .. 9 106% 7 94 101% 102% 108% lf).»"' 113 ll’fi“t 67 109 9 100y 14 93'% 58 105 15 109% 9 107 16 90% 47 ¥8% 4 102% 16 99% 19 105% 3 107% “100% 3 102 24 101y 86 104 9 104 Reth Steel 8 . Brier H St 1=t 548 BKlvn 4 genbs .. 2 105! RBkiyn Union 5%s.. 4 221 Central Leather s l‘ u Chile Conper 58. Con Coal Md 1t Con Gas N Y 5% Cuba Canecv 7s Cuba Canecv 8s... Dery (DG TS ... Det Edison ref 6s.. 2 108 ceseeee 47 B4 . 4 95% East Cuba Sug 7%e# 3 103 Fisk Rubber 8 2 119% Goodrich 6% 11 108 Goodyear 5s rets.. 43 94% Hershey 5 % 7103 Humble Oil 55 31 99% Humble O & R5%s 16 102% tilinots Bell 1st 6. 22 1054 [1linots Steel 4 17 101 Indiana Steel 68 1 104% Int Mer Marin 4 104% Int Paper bs 4 23 100% Int Paper cv 6 12 109 Int Paper cv 6ssta 29 109 Inter Paper fd 6s.. 6 104% Int Tel&Teleg 418 47 96% J Kayser & Co 5%8 35 102% Kan CP&L 6s A 52. 6 105 Kan G & K16s52.. 12 106% Kelly-Spring 8s... 9 103% 5 105% 1 104% 1 98% 1117 2 104 7 105% 1051y 22t 105'% 2214 824 1061 Liggett & Myers 58 Lorillard (P) bs... Lortllard (P) 7s... Loulsy G & & 53 52 Mid Con 6'%s 40 Mor's & Co I8t 4%8 Nat Tube 18t 5s. .. N Y Edison bs 4 N Y Edison 6 %8 NYGELH&P 48, NYTelalgs ... N Y Telfs ¢l ..., N ¥ Tel fs 41 . North Amn Edis 58, Nor Ohio 1 & | 6= 103% 105 100 R 105 104% 116 93 1007% 109 110% 1% 100 1015 106% 10214 1034 1054 | 100 B6% 105 104% 9 100% 22 100% 2 1L 1 105% Plerce-Arrow 88 Public Service 5% 8 Public Service fis P Serv Gus 5148 69 P Serv (3as 5% 64 Punta Alegre7s .. 1 106 nmmnumnmmuh B 97y atr Ol es. .., 16 Y8 8Inell|l Ofle%se.. 22 93% 10 105% { M1 B3I Ry & L s 1050% | Direct to The Star Office Sales. High. Low, Close. 16 98 97% 97% Sin Pipe Line 5: Skelly O11 5% Sou Bell Tel 6s. So Por Sug Southwest Bell 6 6 Standard O!l N J 6w 15 Sug East Orlent 78 xo Tenn Eleo Pow 6 US Rub 7%s. U S Steel st 5 Utah Pow & Lt Vertientes Sug 7 Winchester A 7%s. Youngstn S&T 6; Ann Arbor 4s... Atchison ad) 4s. Atchison gen 4 Atl & Dan 1st 45 48 Atlantic C L 1st 4s. 104 104% 102% 1% 96% 105% 95% 9% 109% 100% 9874 100 119% 115 88% 99% 5 108'% 1011 95 104% 993 1004 102 9814 O PLEWY 4 B&OSW 6s50. Bklyn Manhat 6: Buff R & Pitt 48, Canada South 5s... Can Nat 4%830... Can Nat 4%s 54. Can Nor 434 1935. Canad North 6% Canad North 7s.... Canad Pac deb 4s.. Can Pac 4%s 46. Car Clinch&O 6s 62 Centof Ga 6s... ntral Pacific 4s.. nt Pac 1st 53 90, Chesa Corp 5s wi.. 9 100% 102% CB& Q-1 div4s. CB&Q 413877 B, Chi & Alton 3%s. .. Cht & 1111 gn 68 61 7 Chi Gt West 48 69. C M&StP 4s 25 cfs. 2 CM&SIP deb 4s cfs CM&StPgn8d CM&StPov4ls, CM&SPeve g s3zefe CM&StPgn4élys CM&StPrf4lss, | CM&SP rf43scf. Chi NW 41552037, Cht & NW ref bs.., CRIPac4l%sw, ChiTH& S E5s Chi T H inc 6s 60 Chi Un Sta 4%s Chi & W Ind cn 4s. C& W I514s B2, CCC&StLrf6s C& S 1st 4s 29 Colo & Sou 414 Cuba R R 58 2 Cuba Nor 53%scts. ., Cuba R R Tis. Del & Hud 1st rf 43 Del & Hud 5%s. ... Den & Rio G cn 4s. D & Rlo G imp 53 D Rio G West bs... Erle 1st cons 4s Eriegends...... Erleconv 4s B.. Eriecvt 5s 67 wi Erie & Jersey 6: FlaECbs 74 . Gr Trunk stdb s Grand Trunk 7s. Great North 4'%4sw Gt Nor 4% 76 D Great North 5s Great North 6%s Gr NorgenT7s. . Hocking Val 415s. . 1005 108% 108% 12% 115 1064 101% 92%, 93% 9714 1011 111 Cent 43 52. 111 Cent ref 4s 111 Cent 4% s 66 INC-C-StL jt 4 Int Raptd Tran 6. Int Rap 'I'r 6s stpd int Rap Tran 6s. Int Rap Tran 7s. Int & G Nor 1st 6 Int & G Nor ad fs, Int RysC A 5% 72 Int Rep C Am 6s 4 Int Ry C A 6%s ret Kansas City 8 5s. . Kan City Term 4s. 2 997 99% Ny 110 98% 1084 105 Lake Shore 4s 31 Lehigh Valcn 4s Lehigh Val 5s 2003 sh uni 48 sh bs Louis & Nash 7 Man Ry 1st 90. Market St 78 40 ! Mich Cen deb 45 29, 110% 9RY 1084 1051 0% v9 997 2w M StUP & SSM cn 4s { M St P&SSM cn 58, MStP&SSM5838xt4 | MStP & SSM 6%s IMK&T tst 4. MK &Tadjbs.. MK&ToprinbsA. MK&T6sC Mo Pacitic en Mo Pac 58 A 65.. Mo Pac 5s ¥ 17 Nassau 114351, NOTex&M5sA.. N YCengenilys N Y Cent4s98..,. N ¥ Cent deb 48 NYCrfimiig N Y Centrihs NYC& St Ldb 4s. NYCHISSIL 6l sA’ NYChi&StL 6%sB. NYC&StLbsA. NY N Hav& H 3138 New Haven 48 55 !N\' N Hav&H 4s 56 {NY NH&H db 45 57 NY NH&H cv db 63 NY N Hav&H clt 6 NYOnt W istes N ¥ Rys 62 65. N ¥ State ity 41z NyStateRy 6%s 62 NY W& Hos 448 Norfolk & W cn 4s. Nor Pac 3s 2047,,. Northern Pac 4s. . 1 Nor Pac 4158 2047, Northern Pac 58 D. Northern Pac r 1 Ore Short L rfs 4 Ore Short Licn 5s.. Ore Wash Ist 4s... Pennsyl gen 4%s. Pennsyl gen b Pennsyl 5s Pennsyl 6%8 Pennsyi gold 18 vere Mara Ist bs. 1 Peo & I3 14540, Phil Ry 45 37. PLCESIL 63 B s ;. 104% 1034y 9% 102 101% 108% 106% 105% 113% 1044 13 106 104' 5 <~l~lw1—f-'~lx’bl—:b33~l 106% 1043 1o G \\alk cl4s RIArk& L 4%s SULIM&ES 48 20 SUL IMES R&G 48 StL&SKFuI4sA St L&S K prinbs StLESKHRAL. StL& Sk adi by . StL&SKInes ISUL&SEple=C. StLS Wcon is 32, St P& KCShL 4%8 StP Un Dep5s.... San A & Arn Seab A L ref Seab A L ad} Seab A L con 6 SBAll Fla 6335 A. Sou Pacific cit 4s.. Sou Pac 482y ... Sou Pacific ref 48 Sou Pac 41454 17.. Sou Ky xen ¢ | 3on Rv 91 Wilks-B & E 1st 58, 106% 108!y { can prima # ! heretofore have furnished the WEDNESDAY, NOVEMBER 5, 1927 COTTON HAS SLUMP ON CROP ESTINATE Gain of 164,000 Bales Over Last Report Sends Prices Tumbling Today. By the Associated Press. NEW YORK, November 9.—The cot- ton market opened firm today at an advance of 8 to points, active months selling about 15 to 20 points net higher on buying encouraged by relatively steady Liverpool cables and reports of unfavorable weather in the South. January advanced to 71.02 and May to 21.33, but these prices met Southern hedging and realizing, and there were reactions of 8 or 10 points from the best. There seemed to be considerahle covering, together wil domestic and foreign trade buying, however, and the market showed & generally steady undertone in early trading. The bulk of demand was at- tribute to covering by trade or spec- ulative shorts in advance of the Gov- ernment crop report. Soon after trading was resumed after receipt of the Government crop report showing indicated yield of 12 842,000 bales, an increase of 164, 000 over last report, prices showed Tosses varying from 2.50 to 7.50 a bale, the estimate having been about 300.000 bales greater than the trade had an- ticipated. December, which had been selling around 21 cents before_the report ap- peared, dropped to 19.57 cents, but ac- tive trade buying was encountored and the market regained part of its losses, Price movements were fever- ish and sentiment seemed divided. WOOL MARKET QUIET. ROSTON, November 9 (Special).— The Boston wool market was quiet rength in the South Ameri- ry markets is helping senti- ment, but sales this week in the local market have let down materially. The backward goods market has retarded mill activities in the wool market and the New England floods probably have had some effect on the business. Fine territory wool was quoted today at 1.12al. clean basis: French comb- ing, 1.05a1.08: half blood, 1.02al.0: three-eighths blood, 93a97, and quar blood. 83a87. Fine Ohio fleeces were quoted at 47a48, grease basis; half blood and three-eighths blood, 47a47'%, and quarter blood, 47a48. BUILDING DEéBEASES. NEW YORK, November 9 (#).—Re- port to Bradstreet’s from 169 cities show a continued decrease in new house, office and store buflding. Per- mits in October totaled $228,697.418, a decrease of 2.1 per cent from Sep- tember and per cent under Oc- tober last year. INTERNATIONAL NICKEL. NEW YORK, November 9 (#). ternational Nickel Co. earned $2. a share in the first nine months this year, against $2.20 a share a year ago. Commodity News PITTSBURGH. November 9 (Special). “The effect of price cus on,the larger sizes of plate glass by two large local makers is being closely watched. It is believed buying has been somewhat stimulated. The reason for the cuts was forelgn competition. MOSS POINT, Miss.—The additions and enlargements being made to the plant of the Southern Paper Co.. will cost_over $250,000. One of the most significant changes Is in the power plant, where coal furnaces will re- place fu2l oil. WARROAD, Minn.—Shipments of feldspar of commercial size are now being made from the Northwest Angle mine here. Feldspar is used in nam- ling and th South Atlantic States main commercial supply. SAN ANTONIO.—Reports from the growing districts indicate that the Texas turkey crop is larger than that of last yvear, and that lower prices will be 'received by the farme EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. Declining Stock Tempting. A rapidly declining stock market presents a. temptation to the man with money to invest. Iam not speak- ing of speculators, the traders -who are in and out of stocks all the time trying to make a living out of price fluctuations. These people learn to take care of themselves; elther that or they soon pass from the scene. But there are always small capitalists who wish to take advantage of breaks in the market by bu cash a few shares of some standard stock. This Is a perfectly legitimate am. | bition. Opportunitics of this kind do | present themselves and may often be taken advantage of with profits. The difficulty is to determine just when is the time to enter the market. If the operation is to be successful stocks ought to be purchased when they are real bargains and not simply when they are lower than they have been in the immediately preceding period. There are two or three hints, which may be helpful. One of them is to remember just as a speculative market always goes up farther than funda- mental conditions warrant so when it turns downward it goes below any thing justified by changes in the out- side situation. The reason is simple. Speculators who have overtraded find their capital impaired and must lqui- date regardless of cost. Moreover it is the nature of the speculator as contrasted with the investor to want to buy when every one else is buying and to be in a rush to sell when every one e'se is selling. So the buyer of stocks for perma- nent holding ought to keep in mind the fact that a setback in the market once initiated is likely to go a long way. Another rule from which he deviates only at his peril is to remain an Investor and not turn a speculator when he enters one of these declining markets. If he allows himself to be persuaded to take on more stock than he afford simply because he he- lieves it is now so low that the next move must be upward he is in grave danger. Tex & Pac 58 77 rts Third Ave ref 4s G Third Ave Ist 5s 37 Thitd Ave ad) as Tol Tr L&P 5% s 30 Union Pao 1st ¢s. . Unton Pag 1st rf ¢ Un Pac 414 67 Unlon Pagc ov 6, Virginia Ry tst Va Ry & P s Wabash st Wabash 2d 5 ash 6s 76 B Wabush 514375, . West Maryiand 48 West Md 6148 177... Wastarn Pacific hs Wheel & L B cn 4s Whel & L B rf 4tm 51 N 10 1027 102% BTN 6T 6T 108'y 106+ 86l 1024 100 3 92% b 954 1 6% WisCengndsd9.. 18 87 864 KANSAS CITY BANK'S BONDHOLDERS UNITE Joint Stock Land Institution’s Re- ceiver Indicates Losses in Assets Pledged as Security. By the Associated Press. KANSAS CITY, November 9.—The formation of a bondholders’ committee for protection of holders of bonds of the Kansas City Joint Stock Land Bank, which went into receivership last May, was announced yesterday by W. 8. McLucas, chairman of the board of the Commerce Trust Co. here, who heads the committee. Decision to form the committee, Mc- Lucas said, was made at a meeting in New York several weeks ago of representatives of investment banking houses which underwrote the bonds of the bank, of which there are $44,376.- 500 outstanding. The formation of the committee was completed today. A deposit agreement, under which | bondholders are requested to deposit their bonds in four named depusuorlea is being drawn up. A prnlimlnflry report of W. R. Cnmp~ ton, St. Lo receiver of the Joint Stock Land Bank. issued October 30, indi losses” in the assets pledged as se- curity for the bonds. LOAN PACT FINISHED. North German Lloyd to Get $20,- 000,000 “rom U. S. Bankers. BERLIN, November 9 (#).—The North German Lloyd today concluded an agreement with an American bank- Ing group consisting of Kuhn, Loeb & Co. and the Guaranty Trust Co., for a loan of $20,000,000 for 20 years. The interest rate set at 6 per cent. Recent dispatches from Berlin fore- casting the loan said that the.money was to be used for the projected E tension of the North German Lloyd fleet, the cost of which was estimated on the Boerse at $40,000,000. HARTMAN SALES DROP. IW YORK. November 9 (A).— § .vIM of Hartman Corporation for 10 months this vear decreased 5.44 per cent from the same ywrmd of 1926, to $14,861,529 from $15,717 GETS SPAIN'S CONTRACT. NEW YORK, November 9 (P).— Petroleum Export Association, sub- sidiary of American Republics Cor- poration, has obtained a five-year con- tract from the Spanish Oil Monopoly to supply all petroleum and petroleum products required in Spain. BUTTER IS LOWER. CHICAGO, November 9 (#).—But- ter—Lowel 5,984 tubs. Creamery flrandardn 4415 extra fi 2 firsts, seconds, 36a381 receipts, s 39a4315; ordinary firsts, 26a34. NEW YORK MARKETS. NEW YO Rye firm* No. 2 New York and 1.10% c.if. export. Bar- ley steady; malting, 91% c.i Lard firm: Middle West, 12.65 Tallow easier; special loose, : extra, 87. Wheat futures opened barely steady: December, 127%. Other articles unchanged. FIRST MORTGAGE SECURITIES Secured on Improved Real Estate in the D. C.—assured annual return ‘ 0 Investment Dept. * 1435 K Street Money to Loan Srcurea by first deed of trust on ee; Prevailing interest and commi Joseph | Weller ' 1 Have a Fund of $100,000 to purchase desirable Second Trust Notes 3 at very reasonable rates Prompt Answers J. DALLAS GRADY M 6181 908 1ith N.W We Will Finance Your First Trust Loans To Run § Years No Curtail 5% Interest Wm. H. Saunders Co., Inc. Founded 1887 Main 1016 207 PER ANNUM is the profit shown for a period ot ten years on an. investment the underlying securities of which are under Government or State super- vision. We belicve ‘the next- ten will show even better results and will be glad to send full particulars upon request. JAMES B. COCHRAN CO. 1010 Vermont Avenue Washington, ). C. Money Available for FIRST DEED OF TRUST LOANS o Reasonable Commission Prompt Replies to Applications 1433 K ed there would be “substantial ||| YINANCIAD., Hundreds of Our Loans Are - On Hundreds of Homes Since we became the Mortgage Loan Correspond- ent for the Metropolitan Life Insurance Company we have loaned millions of dollars on hundreds of homes. Our Real Estate Loan Plan Assures Satisfaction. Consult EAVER BRO REALTORS 809 15th St. N.W. Main 9486 Mortgage Loan Correspondent Metropolitan Life Insurance Company JAMES F. SHEA | 843 Louisiana Ave. N.W. MORTGAGES GIVE THOUGHT TO THE INVESTMENT —of your surplus funds in a form of investment opportunity that has been recognized— thmughout all time—as among the safest ever known. It is represented today, in \Washing- ton, by our 6% FIRST MORTGAGES er & Third of a Century Without a Lo —and stands for a safety of prin- cipal and a certainty of income that combine to make it accept- able to all conservative in- vestors. B. F. SAUL CO. Main 2100 925 15th St. N.W. THERE IS NO SUBSTITUTE FOR SAFETY TRUE TO ITS NAME NN Offers the largest and most complete facilities to truck-users. Truck service of every description—) night or day—Sundays or holidays—immediately at your command by calling “S.0.S., Franklin 505.” Repair Shop—Fully equipped, skilled mechanics for any make. Night and day—never closed. Paint_Shop—Fine, durable enamel jobs, modern spray, system, finest art work, quick and; lasting jobs. Body Shop—Bodying building, repairing, curtain and top work. Garaging—Largest specialized truck garage: Washing, cleaning. greasing, gas and oil." Time and mileage records kept. service. Emergency—Vehicles supplied while your own are being repaired, or extras for business peaks. 0 Lease Contracts—One or a fleet, 15 to 15 ton, to your own specifications. cost. Worry and investment are eliminated: At very moderate You furnish the drivers—S.0.S. furmsheq the rest. Sales—Full line General Motors Modern Trucks Dependable ;md busses; 14 to 15 ton—flexible 6-cylinder. , 1,2, and 3 ton capacities. e\'cry purse and purpose. A truck for Advisory—It will pay you to consult us—without: obligation the S.0.S. staff of transportation experts is at your command—engineering data, route surveys, operation cost estimates, art designs and advice. This is the concern that you can afford to tie up with permanently and completely for everything you want in the truck line. Backed by GENERAL MOTORS, SOS. is sponsible and integrity. goes without saying. Phone S.0.S., Franklin 305 Start today a3 UCK LeAszs MAINT:NANC: CONTROLL I!D BY YEL! 30-38 M St. N.E. Frunklin 505 co. fully re-