Evening Star Newspaper, May 31, 1929, Page 13

DECLINE IN CURB | PRICES CONTINUES Heavy Selling Follows Ad- vances at Opening—Many Issues Drop. BY HARRY H. BECKER. Boneial Dispatch to The Star. | NEW YORK, May 31.—Except for! extraordinary activity and strength in | utdlity issues for special reasons, prices on the curb exchange today resumed the dectline in progress before the Memorial day holiday. The initial features were a 9-point Jump in Allied Power & Light, most of which was subsequently canceled, and enormous buying of American S ver new. A block of 11,400 res of the latter came out at the followed by one of 15,000 shares and several of 5000 each, with the stock making a new high ‘well across 37 and retaining most of the improve- ment after the activity died down. New Highs Recorded. In fact, shares of the various units expected to be included in the inves ments of the new holding company planned under powerful banking spon- sorship were in considerable demand and new highs were attained by the American Super Power old stoeks, both of which are being split up, and Buffalo, | Niagara & Eastern, while most of the others advanced sharply. Electric In- vestors, which rose 11 points Wednes- day, climbed 7 points additional and United Gas Improvement was up more than 5 before midday. Despite their buoyancy, the utilities did not prove good leaders and failed to stem the flood of selling which hit the high-priced industrials severely and carried & number of other speculative shares to new lows. Deere & Co. drop- ped 14 points before afternoon. estab- Jishing & new 1929 bottom, and Libby Owens Glass also sold lower than before on the break. So did American Cigar & Machinery, a comparatively inactive stock, and Cable and Radio Tube and American Department Stores, in “the Jow-priced class. Moving against theotrend, St. Regis Paper, which holds the controlling in- terest in certain utilities sought by the Commonwealth Southern group, climbed half a dozen points before meeting profit-taking. ~Hazeltine was another strong exception and there was a re- covery of 3 points in Fajardo Sugar, ‘which touched 100. Zenith Radio, which was heavily sold a few days ago. ‘was steadier, as were Hiram Walker, United States Gypsum, Aluminum, Ltd., and J. C. Penney. Minneapolis & Honeywell advanced to a new high Tecord. Aviation stocks which were most sensitive to pressure included Fokker, Western Air Express, Bliss and Doug- less. Niles-Bement-Pond developed spe- cial strength. “Bendix Aviation was transferred to the Stock Exchange, The old Bendix was less active. Oils and Automobiles. Mixed movements were witnessed elsewhere. In the automobile division t made a new low, while the Ford stocks were moderately higher. New- mont Mining in its group reacted to the ceding close after opennig 3 points r, while the olls were heavy as a . Vacuum, after recovering its divi- dend on the initial transaction, eased. Standard of Indiana held close to its record low. COTTON PRICES FIRM IN EARLY TRADING Covering and Commission Buying Bring About Gains at Opening. By the Associated Press. NEW YORK, May 31.—The cotton market opened steady at an ‘advance of 4 to 11 points, with the active months selling 10 to 15 points net higher during the early trading on covering and local or commission house buying promot- ed by overholiday reports of rains and overflows in the Southwest and firm Liverpool cables. The advance met a good deal of realizing, and, after selling up to 18.62, new October contracts re- acted to 18.53. Trading was only mod- erately active, with the market quiet @t the end of the first half hour. Private cables reported covering, trade calling and Bombay buying in the Liverpool market on the Texas rain news, but said the advance had met lo- e:ll".;elhn( on disappointing election re- sults. ‘The market lost its opening advance later in the morning under realizing and liquidation, which appeared to be influenced by weakness in the grain markets and the unsettled tone of the stock market. October declined to 18.45, with active months generally selling about 3 to 5 points net lower be- fore the end of the morning. At mid- day the market was quiet, but rather steadier with the active months ruling 2 or 3 points above last Wednesday's closing quotations, Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., May 31.—White potatoes, 100 pounds, 1.0021.40: new potatoes, barrel, 2.75a5.75; yams, bushel, 1.50a2.00; sweet potatoes, bushel, 1.25a 2.25; asparagus, dozen, 1.00a3.00; beet crate, 1.25a1.40; beans, bushel, 75a2.! bage, hamper, 50a65; carrots, crate, 2.50a3.00; celery, crate, 1.5023.5 cuumbers, bushel, '125a3.00; corn, bughel, 1.25a2.50; kale, bushel, 30a5 1 beans, bushel, 2.50a3.00; lettuce, bushel, 40a75; onions, crate, 1.00a2.7! radishes, 100, 1.25a2.00; spinach, bushel, 25865; tomatoes, - crate, 1.00a3.7 apples, bushel, 1.25a2.7 , 2.25a3.75; steawberries, quart, 5al0; 25860. , 2.0024.00; atermelons, Dairy Market. five poultry—Spring chickens, pound, 32843; Leghorns, 28a35; thin and poor, 25828 old hens, 32234; Leghorns, 26a | 30§ old roosters, 18a20; ducks, 20a28; ea fowl, each, 50a1.10; pigeons, , 35840, ogs—Receipts, 2,731 cases; native nearby. firsts, free cases, dozen, 308307 current receipts, 20222. utter—Good to fancy creamery, nd, 42a4515; prints, 46a47; blocks, 45846; ladles, 35238; rolls, 33a35; store ked, 30; dairy prints, 33a34; process ter, 38a39. % Hay and Grain Markets. p{vmaum. 2 red Winter, garlicky, 8] P b t, 1.02; May delivery, 1.02. orn—No, 2 export, May delivery, no| quotations; No. 2 vellow, domestic, spot. 100 nominal; cob corn,’5.00. Oats—No. ‘2 white, domestic, spot, 54855, nominal; No. 3 white, domestic, | spot, 52a53, nominal Rye—Nearby, 90a95. | Jiay—Receipts, 12 tons. While hay is arpiving hege in limited quantities onl it 4s more fi:uugh for the deman: which is belfig supplied mostly by truck | frpm nearby a few carloads be- ing received. There is not enough busi- ness passing to establish prices on the various kinds on merit at a range of 12.00816.00 per ton for timothy or clover hay. Straw—No. 1 wheat, 12.00a12.50 per | ton; No. 1 oat, 12.50a13.00. 1 of the Fair esti-| 1's Income in ex- 5 _ President D. F. Kelly mates the current cess of $4 a share, NEW YORK CURB MARKET Sales in hundreds. INDUSTRIALS. 4 B. s Mix mEa o perp * pf 9 Superp 1st’ 'pi 98% Chil Nitra 8, N Holding ... 2 Arcturus Radio T 4 6 Ark Natl Gas. . Asso Gas & E deb 3Asso_Rayon D 17 AU Fruit & Sug 2 Auto Vot Mach. ... 18 Auto Vot M cvt pr 5 Caterpil 8 Celan Cor Am. 1Celan Co Am n'pfd... 9 2 Cont Atl Sta Ser vic. U pr It 2 Cons Auto Mer p{ 13 Consol Film - 770 & Contl Diamond Fiber. 34% 1Cooper Bessemer..... 39 2 Cooper Besemer pfd A 47 1 Crowley Milner. 501 45 Curtiss Airport 11 44 Curtiss Flying Serv.. 231 1 Curtiss Reid Air pfd. 324 1Daniel Reeves. 39 1 av old. e % Dixon (J) Crucible. ler "Di 2, Ford Mot 79 23 Ford Mot Co Can A n 23 Ford Mot Ltd, 1 P‘EC 11 ; oo R Ind Aldo v Laund Mi 9 Granite City St} % Gr A&P n vic .. 5 Grigsby Grunow 1Ground Grip Shoe. 3 Guardian Fire . 2 Hall Printing 2 Haygart Corp | 20 Hazeltine Corp ¥4 Hercul Powd pfe 11 Hiram Walker new ‘wi 20 G & W xd 56% 312 i A % Indust_Finance pfd.. 1 Insur co N 1 Insur_Sec Mot. A 1Jonas & Naumb pid. 6Karstadt R.. p F: 1Nat Mfg & & L Pub Ser A € R N Jn §Nat Theater Sup.... 2 Nat Toll Bridge A: 1Nat Trade Journal 5 Nehi Corp .. 5 Neisner Bros eisner Br pfd. Nor Am_ Utility Sec.. 2 North Eastern Pow.. 59 O o 3o tarens, 52e% High. Low. Close. 10 7100 710 ERR I T &SRR s et 66, 3 17% T4 1Th 85 2% 58 4 160 0 " "40 2yt 2yt §Pen O Ea optl 1pPenn Wt P C 48 Pennroad Corp vic 1Peo Lt & Pow Cor 4 Perrsman Elec 14 Petrol Corp 1st bd.. 1Pumbp Morris it 1pnilip Morris A & Puuippe (Louis) B0 G Plckwick COrp ...... 1Pick Bar & Lo pi 14 Pilot Radio Tube A 4 Pinchin_John Ltd wi 14 Pitney_Bowes P..... 4 1pitts Scr & Bolt!..! 2 iPratt & Lamb.... ] The 3 Silk Hos Mil war B 24 o roc 4 Prop 6 Prudential lnv 11 Rainbow Lum 2 Raiiway EX n.... 1 Repeiu Candy . s Reynolds Metal 3 Reynoids bet bt Bi b Fower . K t Fiela 2 Rubcroid xd . 3 hussex s Fudh A lgate C H & Lt la Saiew Sirs 2 war 2( Bt Regis Paper iSchuite Un oc-31 'St 3 Select Ind Inc pid. .. 20 Sentry_Safe Control 2 El vic Sou peery A.0lil 1Southw Da Prod pfd 2 8pan & Gen rcts 3 Starrett Corp . 1Stein & Co... 35 Stern Bros A. 10 Stinnes Hugo. 2Stutz M d A 553 mps Starrett pid 5 Allied S...... & 5 Transcon Air’ Trsp.' 26 DLPSA 52 9Tri Cont, Corp Triplex St GI Lid. 2 Union Amer Inv.. 2Union N G Cai 2 Union _Tobacco 1Uni b Watson J W. estern _ Air * E 1 Min Co Can:..:... 1. 37 Metal Sand Mining.. 20 Mohawk Min . 547 7 Sales STANDARD OIL ISSUES AND FOR- inunits. ~ MER SUBSIDIARIES—STOCKS. 100 Atl Lobos . 11 1% ti Of SO Kyn.. 208 O Ohio pfd. 500 Vacuum Oil . Sales in thousands. 4 Abitibi Ala_ Po P&P 55 A_'53 83 w o 4'us '67... 4 Georala Pow 55 % 3 Gult Ol Pen b8 47 19 Harpen 68 '@ . | at Winnipeg yesterday, Received by Private Wire Direct 8o The Star Office 52 47 4l s '47 9634 2026 10342 103 A75199% 9615 4 Jeddo Highl C 6s 10412 13 Kop Gas & Cok 5; 5 Lenigh Pow Gx A a u ,‘ oo onts S orksm Sk i i Y “ZZZZE2RER 553 Q2 Sog n Cal G ith Dairies 7Souhw P&L. 65 A 202. 1Southw D P 6.5 '3 6 Staley 4 and P & L 6s 2 Strawb & Cloth 6 6Sun Ofl 5ius ' bs '3 o 13Uk P & L 55 '39 1 Westv Chlor 5'zs 122 Western P 5'25 Sales in FOREIGN BONDS. | thousands. 5 Agri Mor Ba 16 Berlin C E 6 1 a5 14 Superpow s '63. 3 Jugosl S M Bk 75 b 1 1% A "55100 " 100 a.. 92 8612 2 Swiss Govt 5'as '29.. 89 2UnI EI S s A ww ‘56 91 SUNL S Wk 6las A '47 83% xd—Ex dividend. wi—When 1ssued. n—New Ww—With warrants. WHEAT VALUES DROP TO NEW LOW MARKS Break at Winnipeg Is Followed by Renew—Selling at Chicago. By the Associated Press. CHICAGO, May 31.—Wheat values dropped early today to new low record prices, owing to sharp setbacks in price while United States markets were closed. In a gen- eral rush of selling corn, oats and rye today also went under previous bottom levels. Breaks in the Winnipeg wheat market were attributed here to predic- tions that German import duties would be raised and to further rains beneficial to Canadian crops. Opening 134 to 3% off, Chicago wheat later held near to the initial range. Corn started 1 to 24 lower and after- ward fluctuated irregularly. Provisions likewise tended downward. Although selling out on the part of owners of future delivery contracts was much in evidence today in all grain pits here, buying became broader on the downward swing of prices, anf checked declines before values tumbled as far as either at Winnipeg or Liver- pool. Buying here was based largely on the ground that the price downturns had been too fast-and were unwarranted in view of recent drastic declines. It was pointed out also that the Liv- erpool cash wheat market today showed no such severe setback as did quotations on future deliveries there. Much of the buying of wheat futures in Chicago was for previous sellers, who were in a position to collect profits. Much sell- ing came about through stop loss or- ders, because of severe declines at Win- |nipeg and apparent dearth of impor- tant new export business in wheat from North America. BALTIMORE GRAIN PRICE DROPS ONLY SLIGHTLY Special Dispatch to The Star. BALTIMORE, May 31.—While the drop in grain prices on the Chicago exchange has been reflected on the lo- cal grain exchange to some extent, prices on nearby grain having declined % |less than 5 cents a bushel from last week, trading has been very light. Prices here, of course, follow closely the trend of the big market in Chicago, although the low figures on that market have not yet been recorded here. It will be some time, probably early July, before the heavy movement of bumper grain crops starts. At present the storage elevators here are only about 40 per cent filled, but it would not take long for a wave of shipments to the seaboard to fill the bins to overflowing. e French Women Take Up Boxing. Women in France are taking up box- ing with a vegeance. They are follow- ing the style called “La Savate,” in which they kick with their toes as well as fight with their hands, and at times the matches get very rough. A femi- nine boxing tournament may be held this year. SHORT-TERM SECURITIES. (Reported by J. & W. Selisman & Co.) 5. Co' 5 | J 5 1 5 Sinclair Crude Oil 5%ss 1938 United Drug Co. 5s 1953 Western Electric Co. 35 i Wheeling Steel Corp.’ 5%as 1948 TREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co) 9 94 100% 1013 98" 99l Rate—Maturity Bld. Offer. 4125 cune 99.30-32 100 1929 9927-32 5, 192! , 1932 19: 12 9 o 3 96 16,33 BERNET'S RECORD 15 RAIL ROMANCE Rapid Rise of Executive Co- incides With Van Swer- ingens’ Expansion. BY JOHN F. SINCLAIR. Special Dispatch to The Star. NEW YORK, May 31.—John J. Bernet, once a country blacksmith and a telegraph operator, has been first in railroad news this week. In his career he rose until he became vice president of the New York Central Railroad. P. and M. J. Van Sweringen were look- ing for a man to head the “poor old Nickel Plate. They offered the job to Mr. Bernet. Railroad men stood aghast when he cecided to accept it. But his vision was larger than theirs. He set to work, rebuilt the road, double- tracked much of it, bought new cars and locomotives, erected new stations and freight houses, and put new life into the management. In 1916 the road’s operating reveme was $23,969 & mile; four years later it was $44,867 a mile. Before Mr. Bernet got through he paid dividends of 11 per cent on the common stock. which | moved from $35 a share to $200. Then the Van Sweringens’ star began to rise. Mr. Bernet stood behind them in every move. He helped them in the Erie and was elected its president; he helped them in_the rebuilding of other lines. Tuesday he was elected president of the Hocking Valley and the Pere Marquette. He was also elected presi- dent of the Chesapeake & Ohio. Today he stands as chief adviser to the power- ful Van Sweringens in the whipping together of their vast enterprises. Mr. Bernet, who is 61, was born in Brant, Erie County, N. Y. “Who's Who in America” gives him just 11 lines. He is not well known to the public. Regular two-day passenger service, New York to Los Angeles, begins July 8. The first passengers on this first epoch- making journey will depart from the Pennsylvania station in New York, and will arrive at Los Angeles 48 hours later. They will sleep on trains at night and travel in planes during the day. assengers will go from New York to Columbus by train, and after break- fast in Columbus will board the latest type Ford three-motored airplane, car- rying 10 passengers. They will stop for the plane’'s refueling at Indianapolis and St. Louis. Luncheon will be served on the plane immediately after taking off from St. Louis. Stops will be made at Kansas City and Wichita for refuel- ing. Reaching Waynoka, Okla., in the early evening, the passengers will again entrain for Clovis, N. Mex., and then again by plane to Los Angeles. The matter of fare is important. Tt is still higher than all-rail fare. The New York-Los Angeles rate will be $344.50, as compared with $320 in a drawing room from New York to Ibs Angeles by the all-rail system. Air transportation probably will not begin to reach its maximum until the fares are reduced considerably under the schedules now in existence. Not long ago Morris L. Cooke, Phila- delphia engineer, was asked by the Federal Power Commission to make a survey of electric rates in all parts of the United States. The survey said that electric rates were too high, and that public utility companies could make a fair profit by selling to the consumer at 5 cents a kilowatt hour. This finding is disputed by many public utilities. The Philadelphia Electric Co., how- ever, has just announced another re- duction in the price of electric current for domestic use in and around Phila- delphia, which means about $900,000 annual saving to its thousands of do- mestic users. This is the fifth voluntary reduction the company has made in the last seven years, and the second for resi- dence rates. In this latest cut, the rate first is reduced from 7 to 6 cents a kilowatt hour for 108 kilowatt hours used in a three-month period. This is the equivalent of 36 kilowatt hours a month. Under this rate the first 12 hours cost | 96 cents a month, as in the former schedule, while the next 36 hours cost 6 cents, a reduction figured at 14 per cent. The third step, or wholesale do- mestic rate, remains at 3 cents. As nearly all the domestic consumers now use more than 12 kilowatt hours monthly in Philadelphia, it is estimated that more than 92 per cent of all do- mestic users will benefit by the newest reduction. (Copyright, 1929. by North American News- Paper Alliance.) “Farewells” of the World. If you should happen to visit the Philippines and make any warm friend- ships among the natives, they will upon your departure walk up and rub their hands on your face. You may not un- | derstand this, but it is their way of say- ing an affectionate “good-by.” The Hindoo will prostrate himself in the dust at your feet while the Burmese will bend low and say “Hip, hip.” Some of the South Sea Islanders will rattle their bone necklaces. Some other islanders will shake their own hands three times. The Japanese will make some depre- ciating remark about his own home and hospitality and express his personal re- gard in a few well chosen words. Some of the American Indian tribes will thrust their spears into the ground as a sign of their confidence. The Fiji Islanders will hold aloft two red feath- | ers, crossed. Varsity Women Pass Golf. ‘Woman students of English univer- sities are not strong for golf. This was learned recently when a varsity wom- en’s golf match was proposed. It was found that it would be difficult to raise teams of*more than four good players at either Oxford or Cambridge. Trade unions of Britain are reported to be uniting for a wage movement which will raise the standard of living in the next year or two. VATIVE' In- vestors use good judgment in buying HOOD TIRES. CHLDREN PERATE FARM ON CAWPUS Model Plant Reflects Agricul- tural Activities of Shen- - andoah Valley. By the Associated Press, SHEPHERDSTOWN, W. Va., May 28.—A fullfledged farm is flourishing in the heart of this littie college town. It is on the Shepherd College campus, its farmhouse, barn and fields covering one acre of land. Built and operated by children, it reflects in miniature the agricultural activities of West Virginia. The project started as a garden de- signed to attract boys and girls to the campus as material for West Virginia teachers taking Summer courses. It offered the student teachers an oppor- tunity to test educational theories and gave the children a chance to learn all the lessons of the schoolroom while they played. In time the garden became & com- posite, model farm of all the -farms in the Shenandoah Valley. The children learned arithmetic as they measured off fields and computed fencing. They learned agriculture as they planted seeds and cultivated, harvested and marketed their crops. Engineering Plays Part. Elemental engineering played an im- portant part in the construction of bridges and roads and in damming the frothy and turbulent Town Run to make an 18-inch waterfall. When the farmhouse and barn were erected the children figured the arith- metic of actual construction and the | formulae for concrete. Under the guid- ance of teachers, they wrote for infor- mation on numerous subjects, and each letter had to be gramumatically correct, with perfect spelling and punctuation. A carpenter and stonemason were called in to advise the children in the erection of buildings. The barn is a frame structure, large enough for the youngsters to work in, and is a repro- duction in detail of model barns on any West Virginia farm. House of Limestone. Made of limestone, the house has six rooms. On the first floor is a living room, 8 by 9 feet; a dining room, 5 by 51, feet, and a kitchen, 3 by 6 feet. The ceiling is 51> feet above the floor. The living room contains a fireplace. There are two bedrooms on the second floor, in which the ceiling is 41> feet high. Equipping the house has been a study in home economics. Much remains to be done on the farm this Summer. There are carpets to weave, chairs and furniture to be made, fences and buildings to paint and crops to be grown. All includes the calculations of quantity, price and efficiency. In experimenting with crops to deter- mine which can be produced best the children are learning something of the geography of their State. Most of them range in age from 9 to 11 years. Bobbed Hair May Kill His Art. G. Boruchoff, the Russian artist who has received a certain distinction for his pictures in human hair, fears that the bobbed hair fashion may kill his art. He needs long strands for his work, and the supply of these is becoming shorter and shorter. At first glance Botuchofl’s pictures are said to be in- distinguishable from ofl paintings. Hg blends the various shades of hair on hi palette as an oil painter mixes his colors. His canvas is a piece of silk or linen cloth, and his brush a fine knit- ting needle. His method of weaving the hair into the cloths, he says, is simi- lar to that used in making the famous Gobelin tapestries. Boruchoff started producing his pictures at 10 years of age when apprenticed to a hairdresser, and while a war prisoner in Germany he spent his leisure in practice. FINANCIAL CHICAGO LIVE STOCK MARKET CHICAGO, May 31 (#) (United States Department of Agriculture) —Hogs— Receipts, 25,000 head; including 8,000 direct: mostly 5a15 higher; top 11.05 pald for an occasional load of 180-215- pound weights; bulk of better grades, 160-280-pound weights, 10.50a11.00: butchers, medium to choice, 250-300 10.10a10.75; 200-250 pounds, 4 160-200 pounds, 10.15a 11.05; 130-160 pounds, 10.00a11.00: packing sows, 9.00a9.65; pigs, medium to_choice, 90-130 pounds, 9.25a10.60. Cattle—Receipts, 4,000 Calves— Receipts, 3,000 head; steer trade steady to 25 higher; better grades suitable for shippers showing advance; top, 1450, other classes mostly steady. Slaughter classes, steers, good an | choice, 1,300-1,500 pounds, 13.50a15.00; 11,100-1,300 pounds, 13.60a15.2 950 11,100 pounds, 13.75a15.25; common and | medium, 850 pounds up, 1100a13.75. | Fed yearlings, good and choice, 750~ 950 pounds, 13.50a15.25. Heifers, good and choice, 850 pounds down, 13.00a 14.75; common and medium, 8.00a 19.50; low cutter and cutter, 6.25a8.00. Bulls, good and choice (beef), 10.00a 11.50; cutter to medium, 7.75a10.25. Vealers (milk fed), good and choice, 11.50a15.00; medium, 9.50a11.50; cull |and common, 7.00a9. Stocker d feeder steers, good and choice 1 weights), 12.25a13.25; common and | medium, 9.75a12.25. Sheep—Receipts, 15,000 head: bids and sales on fed lambs 25 to mostly 50 lower: Springers and aged sheep steady 1L it ik 809 15th St. N.W. 3436 14th St. N.W. Properties Behind Smith Offeringe— No. 4, Insurance Building. sl 2 on occasional load of bulk fat shorn lambs, 11.50a12.00; early top, 12.25; s;;flngeu. 15.00216.00; fat ewes, 6.00a 6.50. Following quotations on shorn basis: Slaughter classes, Spring lambs, good and chofve, 15.25a16.35; medium, 14.25a 15.25; cull and common, 12.25a14.25; lambs, good and choice, 92 pounds down, 11.50a12.50; medium, 10.50a11.75; cull and common, 8.00a10.50; medium to choice, 91-100 pounds, 10.25a12.00; ewes, medium to choice, 150 pounds. down, 6.00a7.50; cull and common, 2.50a 6.00. Family Hikes Far for Job. How a Scotch miner and his family had walked more than 1,500 miles in search of a job was revealed recently | when George, the 12-year-old son of Philip Reynolds of Glascow, decided to leave the hiking party and explore for himself. Hearing that work might be had in London, the family. including Mrs. Reynolds and the children, rang- ing from an infant of nine months to George, walked nearly 400 miles to the city only to be disappointed. They hiked back to Hamilton, near Glasgow, then trudged nearly 300 miles to Don- caster, England, where a reported job could not be found. Back to Hamilton they started, but on the way George disappeared at Bowling. The rest of the Reynolds returned to Hamilton and started a search for the boy, who turned up at Paisley, having made a circuit of nearly 300 miles alone. For a Safe Investment PREAL ESTATE NOTES Secured by, High-Class Improved Properties Competent Appraisals Interest Consult WEAYE.B_BBO REALTORS Main 9486 THE FIRST SUPER-TIRE! | GOODYEAR DOUBLE EAGLE ‘A King Could Buy No Better BEN HUNDLEY GOODYEAR - TIRES (At Newton) Interest Paid REGULARLY ... Principal Returned With PREMIUM NOTHER Smith of- fering of real estate mortgage bonds which was retired before final maturity with a premium INSURANCE BUILDING to the bondholders was secured by the Insurance Building, a well-known office building in Washing- ton, D. C. Like other is- sues of dependable securi- ties offered by this institu- tion, the Insurance Build- ing First Mortgage Bonds paid their interest reg- ularly every six months Northeast Corner 15th and Eys Streets, N. W. Washington, D. G when due. Bonds Retired at 102 and Accrued Interest In October, 1922, we offered an issue of $350,000 First Mortgage Bonds secured by the Insurance Building, and on October 16, 1926, the outstanding bonds were called at 102 and accrued interest, long before the final maturity. In other words, the holders of these bonds received their interest every six months when due and had their principal re- turned on the call date, together with 2 2% premium. What better security for an investment can be found than real estate—land chosen with a view to future as well as present values... buildings that are erected in response to a known rental demand? » THE F. H. SMITH COMPANY Investment Securities—Founded 1873 SMITH BUILDING (815 15th Street, N. W.) WASHINGTON, D. C. con e 365 Branch Offices in Other Cities. B S I 1