Evening Star Newspaper, June 17, 1929, Page 14

CIAL., THE - EVENI NG STAR, WASHINGTON, D. C. MONDAY, JUNE 17, 1929. TNANCIAL,. Complete Investment Service GreLeT & Co. BANKERS INVESTMENT BUILDING WASHINGTON. D.C. Telephome. Main 1460 INVESTMENT BOND MARKET IS QUIET for Chief Activity in Dull Trading. BY CHARLES F. SPEARE. Special Dispatch to The Star | the movements in convertible bonds, there was not a great deal today to at- { tract atiention to the investment mar- ket The Jast two weeks of June should normally be a period of preliminary a We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washingl;:n Loan and Trust Company 900 F Street rangements for July 1 reinvestment: but owing (o meney conditions at pre: {ent and the preference for stocks over bonds, trading both on and off the | board 15 quiet, and prices show consid- jerable irregularity | The telephone convertible 4':s both made early advances of & point, witn the one selling at parity with the other. The railroad convertibles were also in fair demand. and wwed a fractional . On imall 1sactions Public Bervick of New J v | points, and on one purchase Anaconda Copper 7s rose 41; poin | _The Government list was irregular. | The Treasury 414s rose % and the First | Liberty 41,8 were up la. The extent i to which foreign countries have been | making use of their privilege to pay installments _on their debts to this country in United States Government issues is illusirated in the fact that on Saturday they presented $78.567.000 1 value of the Treasury 3',s of 193 which they probably bought in the open | market at a discount of between 3 and | 4 points, or at savings to them of he- een $2,400,000 and $3,100.000. High-grade corporation issues did not exhibit much change. The utilities were fairly strong. Industrial issues were quoted within about the me 620 17th Street THE IDEAL INVESTMENT Standard Collateral Trusteed Common Stock Shares A_TRUSTEED OWNER- Raip in 100 leading American Corporations A" ne’ o our fnterest o tnvestizate. Standard Collateral Shares Corp. Franklin 3i83. Woodward Bld, 6% NOTES Sccured by First Mortgages Safe—Conservative 42 Years’ Experience in financing homes and In the of these se- 1ties. Make your savings and surplus funds work for you at the highest-inter- est rate consistent with absolute safety. Wm H. Saunders Co, Inc. REALTORS Main 1016 1433 K ‘Mortgages Investments JAMES Y. PENNEBAKER Main 5328 1520 K St. N.W. LOANS Let us have your applications for LOANS ON REAL ESTATE Immediate Action 1 Courteous Treatment Our record of 35 years | speaks for itself. Percy H. Russell Co. | 1731 K St. N.W. | First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & La. Ave. N.W. 62nd Issue of Stock Now Open for Subscription Money Loaned to Members on Easy Monthly Payments James P. Shes James E. Connelly Secretary President | price_area as at the end of last week | In the junior rails there were frac- | | tional declines and a new low price on | Seaboard Air Line 6s. Not a great deal | | of enthusiasm is to be found among Seaboard Air Line bondholders over the proposed plan of capital readjustment In the foreign list an advance of a point in Cuban 5125, of about the same | {in Berlin Electric 615s and a point in Toho Electric 7s reflected: the maximum range of the market, | Convertible Group Accounts| 41,5 declined 8 | UNITED STATES. (Sales 1n $1,000.) Sales. Hieh. L 149 9613 965 48 9823 9821 87 994 9830 96 9611 9614 9614 10330 103 23 107 10629 Close 965 922 Lib 4th 4% 98 30 US3%sd43. US3KsdaT. US4 1944, US4%uss2. FOREIGN. Sales. High. Argentine 6s Ju 6y Argentine 5%s '62.. Argentine 6s A Argentine 63 B NEW YORK, June 17.—Aside frome| Austialia 4%s56.. Australia 68 1955 [ Australia 63 1967. . | Austria 78 Bank of Bank of Chile 6% 8. | Belgium 6s. | Belgium 643 | Belzium 75 1985... | Beigium 78 1956. | Belgtum Tis Belglum 8s. ... Bolivia 7sct '69... Bolivia 83... | Bordeaux 6s.... | Brazil 6163 1926, 914 | Brazil 81s 1927, 9t | Brazil 7s. | Brazil ¥s | Bremen State 7, | 10015 100 4+ 1004 100 9 0% 100 |Canada 65,1931 1003 Canada 631952.... { Canada 5381929, | Chile 6560 | Chile 6s 61 “hile 75 1943, Colombia 63 J. . | Con Pow Japan 7s. . | Copenhagen 4%s 53 Cuba 5%s anish Mu | enmurk 4348 | Denmark blgs, 109' 109 a9s 1034 1011 103 10245 Bsty )1y 10 10¢ 1130 a0 106 9Ly 84 9815 100% 994 1031 101t 103 French 7s. Erench 7%s. German Ei P 6%s.. German 7s..... erman Bank 6s ‘38 sh F'ree State 6s. taly 7s. (talian Pub S ARMSTRONG CATOR CO. | | GOES INTO RECEIVERSHI Special Dispatch to The Star | 'BALTIMORE, June 17—The Arm-| | strong Cator Co.. one of the oldest mil- | [ linery and dry goods jobbing houses in | | the United States, has filed a petition in | the United States District Court asking | to be adjudicated a bankrupt. The peti- | tioner has $125,638.54 assets and $481,- | 1 269.45 liabilities. Orders were signed | adjudicating it a bankrupt and referring | the case to Willis E. Myers, referee. | Judge William C. Coleman signed an | | order appointing William Biel receiver | under bond of $25.000 to take charge of the assets of the defendant. The order | appointing the receiver was signed upon | | a petition signed by the Baltimore Trust | Co. and others. L . Baltimore Grain Exports. BALTIMORE. June 17 (Special).— | The Maritime Exchange reports 439.923 bushels of grain were ‘exported last | week. of ‘which all was wheat except | 158,084 bushels of barley. Of flour| 3,748 barrels were exported. | | Washington Steck Exchange | SALI | Potomac Elect. Cons. 55—$1,000 at 101, ‘Washington Gas 55—$2,000 at 9915, Washington Gas 6s “A"—$100 at 102, | Barber & Ross 6125—$500 a* 9415, Potomac Elect, 5% pfd.—10 at 106, 10 at 106, 15 at 106. Washington Rwy. & Elec. pfd.—17 at 9553, 35 at 953, ¢ Columbia Sand & Gravel pfd—10 at 90, 10 at 90. | Federal-American Co. com —10 at 48, | 10 at 4715, 20 at 47, 10 at 47, 10 at | 4714, 40 at 471, Nat'l Mtge. & Inv. pfd.—100 at 41, 40 at 41y, AFTER CALL. Capital Traction 5s—8$1,000 at 97 [ $1,000 at 9774, $3,000 at 973, $1,00 at 977 i ‘Pvlolpsles Drug Stores—25 at 115, 25 at | Potomac Electric 6% pfd.—12 at 11115, | Real Esta. Mtge. & Guar. pfd—100 at 7%. Capital Traction Co.—10 at 93. Bid and Asked P BONDS. PUBLIC UTILITY. Bid. Asked. Amter. Tel. & Telga. 47 sa Amer. £7 103 a3 25 ey 10012 a7 a1 2 107 o, 2 e Do 102 L1031 851 | es. ,. i 29 190 ) H Capital T Gily & Suburben bs Georgetown Gas 1st 8¢ Botomac Elec cont 3 Potomac, Elec 6s | Wash.. Alex. & Mt | wasn’: Baito. & Annap. hington Gae 5s h. Gax e Series A Series B £ Flec. 45 MISCELLANEOUS. Barber & Ross, Inc. 6'5s Cham.-Vanbit. Hotel 61 Chestnut Farms Dajrv Chevy Chase Club 5tas D. C. Paper Mig 65 Pot. Joint Stock Ld BK. 5 Wash. Mkt. Cold Storage 5: Wash. Cons. Title Co. 65 STOCKS. i PUBLIC UTILITY. Amer. Tel. & Telea Capilal Traction Co hon 5 9915 6% First Mortgages For Sale JAMES F. SHEA 643 Louisiana Ave. N.W. Washington Gas | Norfolk & Wash. Seamboat | Potomac Elec. 67 prd | Potomae Elee. 5127 pid Wash. Rwy. & Eiec. .com Wash. Rwy. & Flec. pld 5 | NATIONAL BANK. | National Capital . b olumbia ... Commercial | | District || Padersi-American Liberty . 5 Lincoln National Riges | 7 con National Bank of Washingfon TRUST COMPANY. American Security & Trust Co. 451 Trust. s 138 Metropolitan. ...\ 305 Bank 5 National Sayings & Trust Loans on Autos Legal Interest Our Only Charg Quick Service—Confidential UNITED LOAN CO.| Rosslyn, Virgi s Key Bridee—Opposite Bank First Mortgage Loans Foir Rates of Interest F. H. SMITH COMPANY STOCKS & BONDS BOUGHT & SOLD MEHLMAN & COMPANY Woodward Bldg. Ph. Main 317 ||| Re1 " Estate Titie I 885 . 325 Union Trust 4 . 831 Washington Loan & Trust SAVING BANK. Bank of Bethesda Commerce & Savi East Washington. t United States . Washington Mechanics’ FIRE INSURANCE. American Coreoran Firemen's 3 National Union...." P TITLE INSURANCE. Columbia ‘Title. enen o Tit Inv. Co. of Md. com. .. T Edn. e’ via R MISCELLANEOUS. | Berber & moss. me. com...... S o Dy Commercial Naional Co."ptd O R ."secu'mxfau ‘pid. 1l pd.. pld Lanston Monotype. 3 Merchants' Trans, Merch. Trans. & Storage pfd Mergenthaler Linotype.. Netl. Mige. & Inv. pfd.. Peoples Drug Stores pfd Real Est. G | Milan 6348 3 | New So Wales 58s.. & 4 | Aheghany Japanese 43 100 9% 100 10) 18 SR% 3 92 101 1004 1015 Lyon 6s. Marseille 6s Mexico 45 04 18 FIN 101 100% 5 1014 10103 86 Nord 6% Norway bls. Norway 65 1944 Norway 614s 1952. . Orlent Dev 558 '57. Paris-Ly-Med 6s. Paris- ted 7s... Paris Orleans 5%4s. B 1004 10315 95 | Peru 6s 1960 Peru 65 1961. Peru Pirell Poland 78 (rets). Poland 8s. Queensland 6s..... RhineWst EP 65'52 RhineWst EP 6553 Rio de Janeiro 6%s Rlo GrDo Sol 65 ‘48 Rio Gr Do Sul 8s... Rome 6%s. . San Paulo City 8s, Sao Paulo 1950, Saxon (PW) 7 Seine 7s 42 Serbs Cr Slav 7s... Serbs Crot Slo 8s... Shinyetsu 6%s 52.. Soissons 6s. Sweden 5%s Swiss 5148 1946, Swiss Confed Toho E! Pow 7 105 Tokio 5% s 196 2 Utd Kingm 6%837. 10 Utd SteamCopen 6s 10 Uruguay 6s1960... 17 Uruguay 8s. . 1106 Vienna 6s '52. . 15 86% Warsaw 78°58,.... 5 82 8l Yokohama 6s. 293 9% MISCELLANEOUS. Abram&Straus 6%s. 3 105 1 Alleghany Cp 5s "44 41 549 wi Am Chem 5%s cv Am Int Cor 5538 °49 &7 AhSmit & R13t bs. 11 Am Sugar Ref 6s 6 AmT & Tcltrds.. Am T&T cv 4%58'30.1548127 AmT&Tcltrés.. 27 1020 101% AmT&Ts (b8 102% 102t Am Tel & Tel 6% Am Water Wks 5s. Anaconda 1st 6s. Anaconda cv db 7 Armour&Co 4% Armour Del 6% Associated Oll €8, Atlantic Refin b8 Bell Tel Pa s B. Bethlehm Stl pm Beth Steel rf b3. Beth Steel 5345 b Bethlehem Steel 68 Skiyn Edison 5s. Bush Term Bldg b Certain-Td5 % srcts Chile Copper 68. ... Col Gas&El deb 5. Com Invest 6%8 49 ConGas N Y 6% Consumers Pow b8 Cuba Cane Denver Gas 6s. . Detroit Edison 6; Dodge 6s. . Donner Steel Gen Cable 6%s Gen Mot Ac Cor Goodrich 6% Goodyear b8 rots Humble Oil 5 Humble O & R5% (llinots Bell 1st 63 1ilinots Steel 4% Indiana Steel 6s. Intl Cement 68 48.., 97% 86% | Intl Match 63 47. Int Mer Marine 63, | Inter Paper 6i Int Tel&Teleg 4% | Int Tel&Tel 4%8 ev529 | KanCity P& L 6s. Kan G & K 68 52. Laclede 5. . Liggett & Myers 78 Loew’s Ino Lorillard 6% 8. .u.e Lorillard (P) 7s... Louisv G & E 65 62, ManatiSug st 7%s Midvale Steel b8, Mont Pow 63 43.. Mont Power deb b Mor's&Co 15t 4%s. Nat Dairy 6%s Nat Radlator 6%s. N Y Edison 53 44. N Y Tel 4%s N Y Tel 6s41. N Y Tel 63 49. North Am Edis bs No Am Ed 5%8s'63. Nor States Pow bs.. Nor States Pow Pacific Gas & 1 PacT & T 18t b, Pan-Amer Pete 6s. Paramount 6s 194 People s Gas 6s.. Phila Co 58 67 Phila & Read 61 °49. Philips Petro 6% Por Rie Am Tob 6 Postal Tel & C §%s. Public Service 4148, Rem Rnd 6%8s war.. Sinclair Of1 6; 107 984 101 974 931 89 929 9315 208 9K 994 100 101% 9414 93% 9214 101% 102% pupBoe vaBE —_ 101% 9474 9314 9214 101% 103 Sin Pipe Lin Skelly Of1 6 South Bell Tel 6s. .. Southwest Bell 68. . Stand OfI N J 68 46. Stand OIIN Y 4%s. Tenn Cop 65 B '44. 101% 954 1014 101% 1014 9514 101% S AR AEERAT BRI o 101% | | Lehign valen ! ON NEW YO“_BONDS@ Received by Private Wire Direct to The Star Office High. Low. Close. 103% 108% 103% 98k 98 oAk 9 94k 9% 887% K8 B87a 100% 100% 100 1082 10814 108% 96% 965 891: A9 75 4% 89 88 9915 9914 100% 100% 100 100 101 101 Sales. TennElecPow 6347 4 Transcont] Oll 6%s 8 United Drug 58 63.. 11 US Rub 1strf U S Rub 743 US Steelsf 5 Utah Pow & Lt § Utilities Powr 6% | Vertrentes Sug 7 Walworth 65 "45 Walworth 6148 '35, Westn Union s b1. White Eagle O 5% Willys-Ov 6% 33 Wiison & Co 1=t 83, 100% 100 Youngstn S & T 5s. 99% RAILROAD. Ann Arbor és.... 72 Atchison gen 48 . 'y | Atch deb 4%s748. . 120 Atiantie C L 1st 4 £914 B&U Gold 4s. 92 B&OCY 4% 97 B&Orefbs.. 101% B & O b5 2000 D 100% B&O Istfset 1020 B&OTTimD 6s. 5 108 B&OPL B & O SW5s 60, Boston & Maine bs Braway&7ih Av 6 PRI P = Bklyn Un K1 55 sta. Buff K & Pitt 4348 n Nat 4%s 30 Canaq North 7s. nada South 58 | Canaa Pac deb ¢ Can Pac 4345 45. . Car Clinch&O 68 52. Central Pacific 4 “ent 'ac 1t 68 4 Ches & O Corpn 55. | Cnes & O cv 451 Chi B&Q gen 43 53 Chist 111 gn b3 61 Chi Gt West 4869, Chi Ind&L gen 5 RIS P achsis. 3 Pacad3803 . |Cnra W 6 Clit & NW 7s... il L% P e hi 11 & Pac 4155, (PM&O 55 '30. *h1 & W ind cn 4 Tk WIbks S L 100% 9874 99'n | Cuba 1t It b Del & Hud T Den & Rio G en D Kio G West bs DRG & Wstbs'i8 Des M & LD 4scfs Etie 151 cons 4s rie Gen 4s. . ecv 556 e conv ext 7s. Gr Trunk stdb 63.. |Gt Nor 4 1 Great Nor gen i8 Hav EI Ry 5%8 51 Hud & Man #) 5 Hud & Man ref 5 1 Cent 4%5 66.... ® Bo-Seaasesnbiin~ 100% 67% 67 104 Int int int 3 Nor 1st 6s.. Nor adj 6s b3 CA6Wsret. iKan City FUS 48... Kansas City S 33 Kansas City S 63 Kan City Term 4 Lake Shore ¢s 31 Lehigh Val 58 2003. Louis & Nash 7s... Ml El Ry&Lt 4%s Mil Bl Ky & L 58 81 | Minn & StL ref « Minn&StL fd bs M St P&SS MStP& M StP & MK&T4sB M K & T ad) 5 { MK & Tprinbs Mo V'acific gen 4s.. Mo Pac 55 A 85 Mo 'ac 58 F 17 Mo Pacific 63 G '78. Mo Pac 5%s 43 evt uEI4s5 N Y Cen.gen3t Y Cent ¢s 08 Y Cent deb 4 N Y Centrtbs N Y Cent deb 6s. NYC & StL deb 4 NYChi&StL b%s. NY NH&H cv db 6s. | NY NH&H cit 63, $ Y Kys 6865..... NY Bus&Wn gen 58 Y W& BAks. Norfolk & W cn 48 ortnern Pacific 43 Northern Pac r 1 6; Ure Short L rfs 4s. Ore Short L 5s gtd.. Pennsyl con 4%48 Pennsyl gen 4 Penna R R 4%8 | Lenhsyl 63 64,00 Pennsyl 6348 Pennsyl gold T Pere Marq 1st 5s. PCC&StL 58 B 75... Port K L& P 5s42. Rio G W 1st 4s. . StL IM&S gn 5831, SIL&SFpl4sA.. tL&SFras 8. tL&SF prinbs t LS W con 4s 32.. Seab A L ref 4s. SeabAL ad) b8 1949, Seab A L con 6s.... Sou Pacific ret ¢s... Sou Pac clt 4s. Sou Pac 4 %8 ret 110 99 104% Sou Ry Con 51 Sou Ry 63 56 Sou Ry 6% Tex & Pac 55 C*79.. Thira Ave ref 4s 60. Third Ave adi Union Pac 1at rf 4s. UnionPaclst ref 5s. Virginia Ry 1st b Wabash 1st bs Wabash 5%s'75. West Maryland 4s.. Western Pacific b West Shore 45’61 Wis Cent gn 4s"49.. Farm Buying Power Special Dispatch to The Star. NEW HAVEN, Conn, June 17.—The purchasing power of farm products de- clined slightly last week, not however mainly because of weakened prices. Quotations were strong in such im- portant commodities as cotton, wheat |and corn, hogs, butter, cheese, lard, short ribs and hams. Among the prices | which were lower were oats, hay, beef steers, coffee and flour. The decline in farm purchasing pow- er was due to the larger increase in ! non-agricultural than in agricultural prices. Index numbers of agricultural and non-agricultural prices for various pe- riods are given in the following table with the index of farm purchasing power which is their quotient. For each the average for 1926 represents 100: Farm _ Agricul Non-Ag- puzchasing ' fural ricaitral [ 982 978 1 Week ended June 14.. STE;L MILLS ACTIVE. NEW YORK, June 17.—Reports from the Youngstown steel district state that w| It 15 well to point out at this time pher of Great Britain, has just com- pleted, with the assistance of ris equally : brilliant wife, Beatrice, his monumental two-volume work “The English Poor Law,” in_time to enter the new Labor | cabinet of Ramsay MacDonald as secre- | tary of the board of trade. | This great study by the Webbs is a 1 history of English local government since '1869. ‘Together they have been at work on it nearly 30 years. Any stu- dent of British social institutions can- Mother Country Has Power- | not afford to ignore it. Harold J. Laski, | British economist, says it is difficult to ful Hold on DOminIOn | overpraise the book, for the material is Financially. new. It had to be discovered. “There is no student of unemploy- ment and its consequences anywhere BY JOHN F. SINCLAIR, Special Dispatch {0 The tar. in the world who can afford to neglect NEW YORK, June 17.—R. H. Coates, the lesson these volumes imply,” re- marks Mr. Laski. Six suggestions of the Webbs, dealing with the British unemployment_prob- | | lem, are of value because of Mr. Weblvs | importance in British public life. First, efficientstatisiician of the Dominion | ECFAUCE 0 B0 tor HTC Cait o pers bureau of statistics, says that Canadi- | g ans own 55 per cent to 65 per cent of | {Orm necessary public works in slack the securities of all enterprises on | Periods: second, compulsory notification O anRIAT ol | of vacancies to the labor exchanges by The total of British foreign invest- | employers; third, systematization of in- in Canada has mow reached | dividual records now scattered in a 00.000. Of this, 109,000,000 | dozen places: fourth, wholesale devel- credited (o British invesiors. But | opment of training for the unemployed: the United States investment i Canada | fifth. proper sorting out of the 50,000 | eceeds the British figure by more than | = Vagranis® who are now simply casual | $1,000.000,000 tenants night after night of different ‘Purh the cart around, Canadian in- | Workhouse wards: sixth, removal of the | | vestments in the United States are |Stigma of pauperism from wives or | about equal to one-quarter of the Amer- | children of the wageless. lican investments in Canada. A most| It is the Webb's contention, at least | excellent showing. The total is $874,- | their strong implication. that “the dic- 100,000, tatorship of the prolefariat arises natur- ally in a society from which economic when there is considerable talk of | security for the masses is absent.” American domination, revived largely | Says Mr. Laski again: “It is in the by the proposed higher American tariff | best sense the work of two great hu- | schedules, that Canadian and British | menists, for they have remade by their | capital together own from 75 per cent | learning and their insight the cate- | to 80 per cent of Canadian investments, | gories of social thought in their time.” Trade with the United States continues | (Copyright, 1929, by North American News- to grow in a very important way, but | paper Alliance.) the mothey country’s hold on Canada is a powerful one, financially and socially. TIN COMBINE REPORTED. NEW YORK, June 17 (#)—Dis- | | patches from London tell of the forma- | {ion of the British & American Tin | Corporation, with an authorized capital | of 1,000,000 £1 shares, all privately sub- | scribed. Stabilization: of the industry | | was said to have been the primary mo- tive in forming the new organization. One of the first films of this kind to | Tin companies affiliated are the Cara- be shown was Niagara Falls, reproduc- | coles Tin Co. of Bolivia, Anglo-Ameri- ing the green and white depths of the | can Mining Co.. Aramayo Mines Co. of rushing water, the upfloating mist, all | Bolivia and the Gold Field American natural and realistic. Development Co. The great spectacles of the world, both in nature and otherwise, Ahnwlfll' The three-dimension film has arrived. | It gives some indication of what i ahead for the motion picture Upon the first showing of this new film there flashes on the screen & mam- moth motion picture with three dimen- sians—length, breadth and depth—as well as sound. the grandeur of form, can now be pro- jected on mammoth screens 75 feet long —even larger. The stereoscopic effect is obtained in a novel manner. The camera has a | double lens. It has the effect of looking | at a scene with two eyes instead of one, | as used generally today with the single lens. | _The result is astonishing. A scene showing an object five miles away ap- pears to make the screen itself five miles deep. | Motion picture men realize the im- | portance of this new step, but with it coming right after the revolution from silence to sound they are finding it hard to keep up with the breath-taking procession. Secured by first deed revailing interes Joseph 1. Weller YOU CAN INVEST WITH Prof. Engel, German economist, says the percentage of family income spent | for housing is virtually unchanging, re- | gardless of size of income. That is, the more a family earns, the more it spends on_housing. The Bureau of Labor Statistics of the United States Department of Labor made a_survey of 306 families of em- ployes of the Federal Government. The | survey revealed that families having an income not more than $2.500, in Boston, New York, Baltimore, Chicago and New Orleans, spent an average of 19.3 per cent for housing. It was determined that a family having an income of $2,228 was warranted in purchasing a $4.000 home, the cost spread over 20 | payments, which was just as easy as paying rent. A $2.000-a-year-income | warrants the purchase of a $3.500 home: an income of $3,500, $6,200 home, and an_income of $6,000, an $8,900 home. In the larger cities the majority of families live in rented houses and apartments. The survey revealed that not. quite one-fifth of the total income went into housing—rent or its equiv- alent, Sidney Webb, brilliant labor philoso- CONFIDENCE IN OUR 6% MORTGAGE NOTES FIRST DENOMINATIONS OF $250 AND UPWARDS <> PROTECTED by careful appraisement of trained men. < SECURED on carefully selected “and im- proved real estate in Washington and its environ. < against loss by fire by standard insurance companies. INTEREST CHECKS RECEIVED BY INVESTOR THE DAY THEY ARE DUE BOSSmMeLPS | 1417 K St. Main 9300 Parking space in rear of office for our clients Equitable Co-Operative Bldg. Ass'n JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary Organized 1879 49th YEAR COMPLETED Assets ... .$5,513,051.63 Surplus & Profits...$1,601,70: Subscription for the 97th Issue of Stock Being Received Save Systematically in the Equitable THE Equitable’s plan of sys- tematic savings encourages thrift in a manner that if con- sistently followed will eventually lead to financial independence. Start now while you have a steady earning power. Come in and let us explain about our systematic plan. 915 F St. N.W. | { | Consult Us Regarding Your Maturing Mortgage LONG-TERM REAL ESTATE LOANS 5Y2% ‘We Make First Mortgages on Homes, Apartments and Business Properties in the District of Columbia and Nearby Maryland and Virginia RANDALL H. HAGNER & COMPANY, INC. 1321 Connecticut Avenue Decatur 3600 Mortoage Loan Correspondent, New York Life Insurance Company Complete Investment and Brokerage Service Copy of our "Fortnightly Review” furnished om request G. M."P. MURPHY & Co. Members of New Yovi: Stock Ezchange 1508 H Street Connecticut at K WASHINGTON, D. C. Telephone Main 9600 New York Philadelphia Richmond the production schedule for the third week in June shows an increase over the preceding week and is fully 18 per cent above the corresponding week last year, Private Wires and Telephone to New York The Cities Service organization overates publie utility and pe- trolewm properties in 4.000 com- munities (n United States erd Cana 100,000 New Investors Bought Cities Service Securities in 1928 The 19th Annual Report of Cities Service Company, just issued, shows that 100,000 investors were added in 1928 to the security- holders of this $900,000,000 organization, bringing the total to more than 450,000, the second largest list in the world. Send for a copy of this Annual Report and full information about Cities Service Com- mon stock. Mail the coupon [ HENRY L. DOHERTY & C 634 Southern Bld¢., Washington, D. C. 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