Evening Star Newspaper, May 16, 1929, Page 15

FINANCIATL. THE IDEAL INVESTMENT Standard Collateral Trusteed Common Stock Shares OWNER- SHIP in 100 "leading American Corporations. It wil be to your saterest to investigate. Standard Collateral Shares Corp. 3783. Let us have your applications for LOANS ON REAL ESTATE Immed; Courteous Treatment Our record of 35 years speaks for itself. Percy H. Russell Co. 1731 W. CoMPLETE FINANCING TRUST MONEY On_ homes, apartment buildings and business properties. No appraisal fee. Prompt service. Real Estate Mortgage & Guaranty Corp. 24 Jackson Place Main 1403 2-Story Concrete Garage For Rent Near Connecticut Avenue and M 11,000 sq. ft. of Space Ramp Runs through to wide alley $365 Mo. Immediate Possession H. L. Rust Company 1001 15th St. N.W. Main 8100 Complete Investment Service GiLLeT & CO. BANKERS INVESTMENT BUILDING WASHINGTON, D.C. Telephone, Main 3460 Q@ver Third a Century's Tperience Expertly Managed Apartments and gratified owners, We know how to make Anartwment house propertie: pay. Therefore ices are a good investment. our serve By B <8AUI:-CO Main 2100925 15th St. N.W. BUDBY 1800 1929 ALEX. BROWN «* SONS o = Underwriters - Distributors INVESTMENT SECURITIES WasningToN Orrics 737 15th Street N w. Telephone, National 1253 Maix Orrice - Bartimonre | | | | WEAKNESS IN BOND | ISSUES CONTINUES |High-Grade ~Securities Are Affected by Uncertainty Cver Credit. BY CHARLES F. SPEAR. | Spectal Dispatch to The Star NEW YORK, May 16.—Weakness de- veloped all along the line in today's bond market. Nearly every group was affected by the high rates for money, directly in the case of mortgage issues and indirectly in the convertibles. There was some increase in trading at_the lower price level. High-grade issues were affected to the extent of one-quarter to one-half point | in corporation bonds, with United States Government obligations showing further declines, but the Treasury long-term is- sues holding up better than the Lib- erties, There were also concessions in the prices of the new railroad legals and in some of the recently popular non- legal 5 per cent rails. Those in this category that have had the sharpest declines from the high quotations of April are St. Paul gold 5s, Erie refund- ing 5s, Frisco 4s and 4%:s, Rock Island 425, Southern Pacific convertible 4 Texas Pacific 55 and Baltimore ©Ohio &s. Missouri Pacific convertibles reacted about & point as did Atchison con- vertible 41;s. ~American Telephone & Telegraph and International Telephone convertible 4s were each off a point. The two issues of Alleghany Corpora- tion 5s lost all of their premiums. American International 5'ss and Amer- It 1. G. Chemical 5';s were both "The wi e ssouri Pacific and Teleph convertables rallied in the lneanonnr;e The dispatches from Paris today i dicating that the reparations negotia- tions are approaching a final settle- ment failed to affect European govern- ment or corporation issues. In fact some of them were lower than before, such as Electric Power of Germany 6s, which touched 90 for the first time since they were listed in the American mfi:;t n:ugd par. French, Belgian, and Japanese descri] fractionally logen PHonRimeze —e NEARLY $1,000,000,000 INVOLVED IN MERGER By the Assoclated Press. NEW YORK, May 16.—The | Trust of New York and SE‘boE:l!gt;zxs tional Bank were merged today into E;:‘!,'Zm:{ sl.ooo.oga.onbr; institution. e for years has been knows thfnl’lockafeller bl?l“‘:» i e merger w effected through jan exchange of stock. The ratio ‘agll be one and one-half shares of Equitable for one share of Seaboard, which car- ries one share of Seaboard National Corporation. Before the merger is completed Seaboard will declare a spe- cial cash dividend of $5 a share. Promptly after the merger the stock of the new institution will be split, the capital structure will be adjusted and rights to subseribe to new stock issued. No further fhergers are contemplated, it was re) d. Wall Street reports l’(l:::ye linked Equitable with National PARIS BOURSE PRICES. PARIS, May 16 (®)—Prices were higher on the Bourse today, ‘Three per cent rentes, 74 francs 30 centimes. Five per cent loan, 101 francs, 15 centimes. Exchange on London, 17 centimes. 25 francs 593, centimes. Washingzn Sto_ck Exchange SALES. Georgetown Gas 55—$1,000 at 100. Washington Gas 6s A—$500 at 1023}, Washington Gas 6s “B"—$200 at 103'3, $100 at 10314, $100 at 103!5. ‘Washington Gas Light—10 at 110. Security Savings & Commercial Bank— 10 at 521. Firemen's Fire Insurance Co.—25 at 40%%, 25 at 404 'Fe;i;;ll Storage Co, pfd.—5 at 122, 2 at Rc’_!xl Estate Mtge. & Guar. pfd.—100 at Tl. 124 franes AFTER CALL. Riggs National Bank—2 at 575. | C. & P. Tel. 56—8$3,000 at 993, $3,000 at 993, ‘D.‘_C. Paper 6s—$1,000 at 95, $1,000 at Washington Gas 55— $1,000 at 100%%. Bid and Asked Prices. BONDS. PUBLIC UTILITY. . & Telga Asked. Tel. of Va. § Tractien R. R85 Eiec. cons. 8. Elec. 65 1953 . Alex. & Mt. Ver . & Annap. 8s Gas 5ius €s. series A B Barber & Ross, Inc. Gt Farig Datrs 8 | Crestrnt Paiis Dairy € Creyy Chase ‘Club [ {’) C. Paper Mfg. 6s.. PUBLIC UTILITY. Amer. Tel. & Telg; Capital Traction '8 Washin Gas, 1 sh. Waah Rty e B ash. Rwy. lec. com. ... ‘Wash. Rwy. & Elec. pid. NATIONAL BANK. ietrict 12 iberty Lincoln National M Rig; B oo National Bank of Washing(on. . TRUST €O American Security & T Continental Trust | Merchants” Ban ) Saving. & Trust i ust .. g Wasting ol LoAD & Trasi. . SAVINGS BANK. ethesd b s & Coml Bank vinis | Washingion Mechanics | FIRE INSURANCE. American S | Corcoran . | Firemen's” . | National Union | TITLE INSURANCE, Columbia Title . | Real Estate Tirle Title & Inv. Co. of Md. coi | Wash. Cous. Title pid | MISCELLANEOUS, Barber & Ros:, T Chevy C Col. 5 G | Fec-ral Storage pfd Foderal-American Co. éoim Federal-American pfd ..... ton Monotype ....... ... reh. Trans. & Slorage.. . creh. Trans & Storage pfd t. Mige. & Guar. pfd Storage . & Whr s | The dollar was quoted at 8 | Con THE EVENING STAR, WASHINGTON. D. C, THURSDAY, MAY 16, 1929. | (o sov o BONDS e v Received by Private UNITED STATES. (Sales are 1n $1,000.) % Ta0 5750 Lib3 mnx:tuA 10 9915 998 Lib4th ¢4s 104 9916 9911 US3%s43. 44 978 97 US3%sd7. 38 9724 9716 U8y 12 1018 1016 U S ¢8 19 2 10414 104 14 FOREIGN. Bales. High. Avgentines...... 89% Argeatine §a Ju 69.. Asgeniize May ‘el 9% Argeuitne és Oct £ 9 Canada 6s 1931, Cunada s 1963, Ch Chile 78 1943 Chinese Gov Ry bs. Denmark 4348, Denmark 6s. DE15%s Nov 63 Dutch East 1 63 6. El Salvador 8843 Flat 7s war ‘46 Fiat 78 x war 46 Finland 6%43 Finland 7s French 7s. French 7%s.. German Bank 6s 38 Ger Gen Elec 7 Hungary 1% Irish Free State bi ltaly 78..... [talian Pub 8 7 Japane: Japanese 634 > Kreuger&Toll 55 ct Lyon Mexico 48 Mexico New So Wa 04asntd. o N - Paris-Ly-Med 7s. Peru 6s 1960, Ballaroawnnl 19 Poland 7s (rets) Poland 8s. Prague 7% 54, 80 RNCARNQRO A Ri0 de Janeiro 6 % Riode Jan 8s 1946. . Rio GrDo Sol 6548 Swiss Confed 8 Toho El Pow 1 Tokio 5 Tokio 5%8 1961, Utd Kingm 5%s 29 Utd Kingm 638 37, Uruguay 6s 19 Uruguay 8s. Vienna Wa 7 Yokohama 6 MISCELLANEOUS. Abram&Straus b%s 13 105% Alleghany Cp 5544282 100% Alleghany 55 '49 wi 30 AmAgriCnem 74s. b Am Chain 68'83... 2 Am Chem §%3 cv'49148 Am Int Cor bhas '49 185 Am NatGas 6443 5 AnSmit& R1t8s. 7 Am Sugar Ref 10: 10. AmT&Teltrbs.. AmT&Tatbs. Am Tel & Tel 5 Am Water Wk Am Wrtg Pap Anaconda 1st 65 Anaconds cv db 7s. Armour&Co4las 39 Armour Del 6la8 Associated Oii AU Gulf S 58 Atlantic Refin Rell Tei Pass B Bell Tel Pa b8 10 - 10 10: 10 | Bethiebm Sti pm b8 ol Gas&El deb Com Invest 545’49 2 Com Invest 63 '48. . 1 Md ist bs Con GGas N Y blgn. . Consumers Pow b8 Cuba Cane ks Cuban Am Sug 8 Denver Gas bs. Detroit Edison 6 ! inland St1 4%s 78, il Cement bs 48 . tutl Match 68 47. .. | Int Mer Marine 63 !int Paper 68 47. | inter Paper int Tel&Teleg 4%8 Int Tel&Tel 41438 cv 20; Kan City P& L 6s.. Kan G & E 68 53... 93 125% 1034 Lorillard bs. Lorillard 6%s. LoulsvG & E6s63. ManatiSug st 7%, Midvale Steel % 91 106% 30 100"y 104 1 Low. Close. 89% 89 981 8% 105% 9% 100 31 964 1% 1% 160 e Y0 1 g1 104 314 10 5le ‘Wire Direct to The Star 4 % | Chi & Alton 3% Oy ) 105'% 1% % . Low. Close. 98! Nor States Pow Pacific Gas & E1 PacT & T 1stbs PaoT& T 68 63. Pan-Amer Pe % | Pan-Amer Pete 7s. Paramount 6s 1947. 20 Pathe Exchange 7, 1 Por Ric Am Tob Postal T Public Service ¢34 RemingtonAr 6s 33, Rem Rnd 6%8 war.. Sinclair Crude 5% Sin Pipe Line bs.. United Drug U S Rub 18t £ b1 USRub7H%s... U SBteel st Utah Pow & Lt b Utilities Powr 63| Vertientes Sug 7 Walworth 65 '45 West Elec bs. . Westn Unfon 68 61, Willys-Ov 6%4833.. Wilson & Co 18t WinRepeatAr 7 Youngstn S & T RAILROAD. Ala Gt Sou 4s1943. 6 934 Ann Arbor 4s... AL&SF cvt 45 05 Atchison ad) 4 Atehison gen Atch deb 4% Atlantis C L el 4 100% Brdway&7th Av Brooklyn Elec 6%: Brooklvn Elev 6348 Bkiyn Un El bs sta. Can Nat 4%s 30. C Car Clinch&O 6s 52. Central of Ga 5%s. Centr: Ches & O Corpn 5s. Cnes & Ocv 4% 27 Ches& O 4%s'93 A 10 .3 Chi B&Q gen 45 53.. CB&Q4%s77B.. ChiB&Qlstrfbs. 1 Chi&E 111 go bs 51 Chi Gt West 48 69 ChiM&StP4 % ChiMIISP&Pac! CMSP&Pacadj! Chi & NW ref 5. Chi& NW 17 Chi Rys 6 ChiR1&Prf4s ChiRI& Pac ChiStPM&0O Chi T H inc 6s 60 CaWIi5%862.... CCC&StL deb 414s. CCCaStLrf6sA. 11 Clev Term 5%s Colo & Sou 434s. Cuba Nor 6%s ct Del & Hud 7s 30. Eriecv 5567 Erle conv ext 7 Fla East Co874. ... Fonda J&G 4 %s'52. Gr Trunk stdb Gt Nor 4%4876 D. Great North 5s. Great North 5 Great Nor gen Hud & Man a) bs. 111 Central rf 65 65. 111 Cent Chi 433 111-C-C-StL&NO b Int Rapid Tran 6 Int Rap Tr 6s stpd. Int Rapid Tran 6: Int Kap Trans 7 Int & G Nor 1. .1 [ut&GINor adj 65 63 | Int KysC A 68 72.. |Int Ry CA 6%aret. 26 Kansas City S 3s. Kansas City 8 5a Kan City Term 4 Lake Shore 4s 31 hiVgen 4348 2003 9 high Val 63 2003 1041 93%a . 105 Louiw & Na Man Ry 18t Market St 75 40. ... Mil ) Ry & L 58 61 MK & T 1st4s.... MK &Tprinbs A Mo Pacific gen 4s.. Mo Pac 68 A 65.... Mo bac fs F 77... Mo Pacific 68 G 78 20 Mo Pac 51849 ove 242 NOTex& M5sA.. 3 N Y Cen gen 5 N Y Cent deb N YCentrt N ¥ Cent deb NYC & StL deb 4s.. NY C&StL4%sC.. NYCh&SLL b%8A. 20 NYChi&StL 6% B. 2 NYNH&H4Kn.. 3 NY NH&H cv db 68 NY NH&H clt N Y Rys 6s 65 104" 941y 79 95% 1041 106% H¥m 9dly 106 Nor Pac 3% 2047 .. Nor Pac 4 %8 2047.. No-thern Pue r i 6s. Ure Short L rfs 5. Ore Short L cn 6s.. Pennsyl gen 4%4s. . [ Port RL P 6 Port RL&P 7% Reuding gen 4%s A Rio G West cl 45, R1Ark &L 4%s. St L IM&S 4529 StL IM&S gn 6831, b A L cont .4 SBAUFassIsA. 26 N | New Orleans, 919 miles, the rate is 2313 AROUSE OPPOSITION Middle West Shippers Are Seeking Lower Rates on Farm Products. BY JOHN F. SINCLAIR. Special Dispatch to The Star. KANSAS CITY, Mo., May 16.—Driv- ing through the beautifu! scuntry club estates of this active Midwestern com- munity, estates laid out and developed by a foremost citizen, J. C. Nichols, one could easily believe that Kansas City was in a particularly prosperous con- dition. And it is, when we consider that it is in"the very heart of the farming belt of the Nation. High freight charges and farm depression are its major prob- lems. “We started an agitation three years ago to reduce the rate on wheat going | to New Orleans from Kansas City, be- cause we were getting none of the busi- ness,” said Charles Johnson, president of the Kansas City Southern, discussing the ever-present problem of freight rates in the Middle West. “The rate from Kansas City to the gulf is 301 cents, and the distance is 786 miles. That rate is all out of line with other rates in the Midwest. For instance, from Kansas City to Duluth, 632 miles, the rate is 19 cents. “The rate from Kansas City to Chi- cago, 452 miles, is 17!, cents. From St. Louis to New Orleans, 698 miles, the rate is 18 cents, while from Chicago to | cents. “We have asked the Interstate Com- merce Commission to reduce our rate | to 2215 cents. This is our story in a nutshell. We are not asking any un- reasonable slash, but we can make a profit on the rate we request, and we believe the I. C. C. should grant fit. Such a change would benefit the farmer. “Up to September 30, however, the rate from Kansas City to the gulf is 19 cents. But this is due to the emergency by which all railroads have granted a reduced rate to effect more speedy movement of last year’s wheat crop to the world market before the new crop comes along.” Kansas City business men are watch- ing wheat prices closely. So are the farmers who have fortunately disposed of a large share of their last year's wheat crop. The speculators, very large- ly, seem to be holding the bag. And the situation is not pleasant for the speculators to contemplate. ‘The 1928 crop was a bumper. It to- taled nearly 900,000,000 bushels within the United States. Other parts of the world also had big crops. So on March 1 there remained in the elevators and on the farms in the United States more than 355,000,000 bushels undisposed of, the largest surplus in 10 years. The new crop is now coming along, and the Government estimates that it will be larger than in 1928. But this is not all. Canada is in the same position. Her surplus from her 1928 bumper crop remaining unsold April 1 was 246,000,000 bushels. Added | to this, Canada’s freight rate on wheat gives her an 8-cent advantage in the world market over American wheat. So, realizing a crisis was at hand, the American railroads have agreed volun- tarily to reduce the freight rate from the “glutted Midwest to Atlantic sea- ports,” making it about 9 cents a bushel lower than at present. This will give the American farmer at least an equal chance with the Canadian in getting his wheat on the world market. But Canada is not asleep. She de- cided that she, too, would have to meet | this situation, and at least hold part of | her present advantage, so an order fix- | ing a lower tariff on wheat to meet the reduction announced by the Interstate Commerce Commission, effective last Monday, was signed by H. A. McKeown, | chairman of the board of railway com- missioners of Canada. It is not as large a cut as in the American rate, but it is enough to put the Canadian and Ameri- can farmers on a fairly even basis, and now a race is on for the market. (Copyright, 1920, by North American News- paper Alliance.) I Business Notes l By the Associated Pre: NEW YORK, May 16.—Zinc mines in the Joplin, Mo., district are. curtail- | ing operations. Eight mines closed last week, while others are working on a four and five day basis. The world copper output totaled 196,- | 420 short tons in April, establishing a new high record, according to the American Bureau of Metal Statistics. An increased demand for the smaller- sized bill folds and wallets is being felt in the leather goods industry as the | company stock, which are generally xcaver] |FREIGHT CHARGES |LARGE WHEAT CROP WORRIES FARMERS Grain Is Piling Up, With Texas Yield Ready to Come on Market. BY J. C. ROYLE. NEW YORK, May 16.—While the Senate and the House are battling over the export debenture plan in the farm relief bill, the brow of the farm- er is almost as wrinkled with care to- day as that of Mother Machree. Prices for his products are not causing him any enthusiasm whatever. His mar- gin of profit is narrowed materially and while it is too early for the size of new crops to be thoroughly estab- lished or even accurately approximat- ed, the outlook is not bright enough to cause the farmer the wear blue glasses to protect his eyes. The volume of cotton being con- sumed has dropped sharply. In March a much larger quantity. of cotton goods was used than was produced. In April sales were nearly 30 per cent less than production. Stocks increased 2 per cent and unfilled orders dropped 14.8 per cent. Produotion was 283,878,000 yards, sales 202,520,000 yards, ship- ments 277,098,000 yards, stocks 352,- 091,000 and unfilled order 430,298,000 ‘These figures when compared with March 1929 and April 1928 show that the textile business has slumped. The cotton market is feeling the effect and so 1s the entire South and all those who furnish the South with goods. In the face of the situation out- lined above, the farmers seem deter- mined to increase their cotton acre- age from the 46,000,000 acres plant- ed in 1928 to between 49,000,000 and | 50,000,000 acres. The season, Wwith some few setbacks taken into account, has been the earliest and one of the best in years. ‘Temperatures have averaged about 5 degrees above nor- mal in most of the cotton states. The market for raw cotton is therefore dis- counting in its present price level, the possibility of another huge crop. ‘The grain markets also are dis counting & like possibility in that com- modity. It is a strange but true thing that when everyone wants to sell and it is the most opportune time to buy, few persons are willing to buy. The elevators are full and millions of bush- els ought to be on their way to mar- ket. Much is being shipped but the low .prices have not stimulated either domestic ot foreign buying. Exports through New Orleans and other Guif ports are showing big gains. In April these shipments totaled 959,983 bush- els from New Orleans, which compar- ed with 690,298 bushels for the cor- responding month last year. Since the Federal barge line is now running full blast, these totals are sure to be increased. ‘The lowering of freight rates on wheat and flour by the railroads is helping shipments, MERGERS RUMORED IN COMMUNICATIONS Reports of Further Combines in Wire and Radio Industries Are Heard. Special Dispatch to The Star. NEW YORK, May 16.—Rumors of mergers in the communication industry have been particularly active in the past few months. Already several mergers have been accomplished and several more are in the offing. In the meantime there is an increasing amount of interest in leading - communication quite inactive. At the time of the panic of 1873, when active industrials on the Stock Exchange scarcely numbered 10, Western Union was a market leader. For years the stock maintained an,_ outstanding posi- tion, rising in a bull market and falling in a bear market, but making slow progress; its business grew with the country. Gradually, as new stocks were listed on the exchange, Wesdtern Union lost some of its iromlnence. but it proceed- ed to establish a most unusual record as as investment stock. Today Western Union_ still enjoys an enviable invest- ment rating. In recent years few companies have so persistently refused to declare stock or extra dividends as Western Uniorm Its policy, as stated by President Newcomb Carlton, favors stability of dividend and is definitely against extra dividends and stock split-ups. Uncertainty, which would make the stock fluctuate over a wider range is frowned upon by the irectors. time for the issuance of the new and smaller national paper currency nears. | The new money is expected to be out in | about six weeks. { Silk Cargoes Due. | NEW YORK, May 16 (#).—Eighteen | shins carrying cargoes of raw silk will it 96 104'% 93% 105 100 8oy 1660 ' % 1034 1054 98w 91y 105% 105% arrive at Pacific ports during June, ac- cording to the traffic burecau of the S Association of America. J—— High Low Close 99 99% 99| SO B0l ROl | 917 a1y | 94 2| 92 | R7% 1075 11% o1 Sales. Son Pac 4529 Sou Pac clt Son Pacific re Sou Pac 4%s w §on Ry 65 56. TexArk FS 514e 50 1 Texas & Pacific 1at. 2 107 1 Tex & Pae s C'79. { Phirn Ave et ax Frird Ave adi fa Fol Tr L&V 815< 30 Union Pae 1st 45 4 | Union Pacific 45 '68 a Union Pac 1st rf Union Pac 4%s 6 Virginia Ry 1st 68 Whash 4%8 78 rets. Wabash 18t 6t Wabash 2d bs. Wabash 58’76 B... Wabash 53%8'75... West Maryland 4s. Western Pacific bs. Wis Centgn4s’49.. 1 79 Although earnings have averaged $14 ! since 1921, the dividend is only $8, Last year earnings were $15.11, but all extra profits were as usual plowed back into the company. The stock has been rela- tively more stable than muat other | standard industrials. Today it yields | about 4 per cent and sells at only 13| times earnings. This is a low selling price for a stock with Western Union's earnings and tangible assets. H Part of Western Union’s conservatism is due to its determination to fortify it- | self against competition from radio communication systems. Not long ago a merger of the Radio Corporation | communications business with Western ! Union was being discussed. It failed to materialize, however, when Radio an- nounced its intention to supply radio communication to inland cities, and thus compete directly with Western Union's wires. Speaking of the possible | effects of such competition, Newcomb Carlton said: “An effort to displace land lines by radio is interesting from a | scientific stancpoint. but the problems | are Such that our faith reposes i In lieu of this d-velopment, Radio is | now planning a me wf" of its com- munications system with International Telephone and Telegraph. Such a merger would give Western Union effec- tive competition, for it would mean the combination of Postal Telegraph's wires and cables with Radio’s air services. Many feel, however, that under the White act such a combination would require the sanction of Congress. There are doubts as to whether the merger will be permitted. G. M.P. MURPHY & CO. New York WASHINGTON Richmond Philadelphia New York Stock Exchange Washington Stock E Richmond Sto xchange ck Exchange New York Produce Exchange New York Curb Market Cepy of our “Fortnightly Review” on Reauest 1508 H Street Main Connecticut at K 9600 Private Wires and Telephone to New York FINANCIAL.” Pt N Now In Full Swing TRADE'IN ALE Cash inyour old tires now af their lliq/IPSl worlh. . GENERAL TIRE CO. 13th and Eye Sts. NW. " 0 " National 5075 and 5076 Open Until 9 P.M. ee’I‘he re Are Prospects of Continued Growth” “IN the grocery field there are prospects of continued growth of chains for some time to come, “says Paul W. Nystrom, of the U.S. Department of Commerce.” This is due in part to the enormous size o the field of food selling, in part to the poor merchandising methods of the great numbers of retail grocers, and in part to the fact thnt. grocery chains so far have given most of their at- tention to the larger cities and from henceforth are likely to spread into the smaller cities.” The 69 Collateral Trust Bonds of the National Food Products S:orporation are recommended as a sound in- vestment in a group of rapidly growing food chains,whose 3,200 retail outlets are spread over 17 thickly populated and industrially important Eastern States. The Bonds are listed on the New York Curb Market. A convertible feature in the Bonds is made highly desir- ap!e by the remarkable expansion, well-established po- sition and excellent outlook of the several chains, Write, phone or call for descriptive booklet J-AM. Iglehart & Co. Investment Banhkers 719 15TH, STREET, N. W. - WASHINGTON, D. C. Baltimore. Md. Clarksburg. W. Va. ‘Wilkes-Barre, Pa. Richmond. Va. ‘Wilmington, Del. Charleston, W. Ve mEmsERs BALTIMORE STOCK EXCHANGE ASSOCIATE MEMBERS NEW YORK. cure MARKET EMERSON & ORME 17th & M Sts. N.W. OFFERS YOU AN OPPORTUNITY M’m" mesi speeiacular values in our Hislory.... Buick Inspecred This week! The most spectacular used car values this community has ever seen! Buick-inspected used cars—attractive in appear- ance, mechanically sound, fully equipped—priced to offer enor- mous savings. In this splendid selection you're sure to find just the make and model you want— at many dollars ‘less than you expected to pay. Come in! Save money! The car you want is here today! Tomorrow may be too late. We have established an enviable reputation for fairness and square- ness—Our Word is Our Bond—And we stand fairly and squarely behind every car we seli. Buy On Our Easy Payment Plan EMERSON & ORME 17th & M Sts. N.W. Open Evenings & Sundays sm vOWHN usse® camns L