Evening Star Newspaper, August 19, 1929, Page 15

FINANCIAL. CONVERTIBLE BOND LIST SHOWS GAINS thber and Tire Issues Lose Ground—Foreign Dollar Group Quiet. BY CHARLES SPEARE. Special Dispatch to The Star. NEW YORK, August 19.—Trans- actions in bonds today were con- centrated in a few of the prominent conventibles, of which blocks changed | hand, with new high Prlce.s for the two telephone issues of 41, per cent. » These bonds rose from 6 to 9 points, making the advance in the last few months in the American Telephone convertibles 98 points and in the Inter- rational Telephone bonds approximately 75 points. At the same time, Aichin- son convertibles, which were also higher today, have had a rise of 50 points. This is a performance such as the bond market has never before ‘witnessed. Other convert'bles were quiet and {rregular, Commercial Investment ‘Trust 5',s, became quiet and rose 2!z points. General Public Service 5l3s gained a point. On the other hand. American I. G. Chemical 5';s and American International 5!2s were both .a point lower and Philadelphia & Reading Coal & Iron 6s had a similar climb. Kreuger & Toll 5s were slightly better. ‘The rubber and tire 5 per cent issues lost ground. Local tractions were easier where the surface lines were affected, with the Brooklyn Manhattan 6s show- ing about a point recovery. The Cuba Received by Private Wire UNITED STATES. l " I ON NEW _YORK BONDS (Sales are in $1,000.) Low. y74 Close. ¥lo 1 1 10227 10227 (0227 10 10623 10618 10623 MISCELLANEOUS. Abram&Straus 5%s 18 108 107% 103 Ajax-Rubber8s.... 1 76 75 75 Alleghany Cp 5344 103 110 109% 109% Alleghany 55 49 wi. 95 109% 1094 109% AmAgriChem 734s. 1 106% 105% 105% Am Chain 65°33.... G 98 984 Am Chem blzscv 4y 56 121 120% 121 Am IntCor 58 49, 84 113% 112% 112% Am NatGas 63842, 1 78 8 78 AmSmlt&R1stss 9 101 $9% 101 Am T&T cv 4148 39.2143 217 210 216 AmT&T el trbs b AmT&T s 1 5s Am Tel & Tel 5% Am Water Wk bs, Aromur&Cos 1;539 Armour Del 5338... 10 AUGuIfES59..... 6 Atlantic Refin 5s... & Bell Tel Pabs B Bethlehm Stl pm Beth Steel 5128 63 Bethlehem Steel 6: Bklyn Kdison bs. Bush Term Bldg 5s. Certain-Td 5%srcts 2 Chile Copper 5s..,. 6 Colon Oil 65°38..... 1y Col G&EL 53 May 52 11 Com Invest 5335 '49 564 Com Invest 63 '48.. Con Coal Md 5s. ConGasN Y 5 Cousumers Po Cuba Canecv 78 Cuba Cane 8s. Cuban Am Sug Det idison G 40 Det 12dison 63 Dodge 6s. .. 106% 105% 1054 100 99 100 89% 8Y% 9% 2 106% 104% 105% 102% 102% 102% 99 29 %15 93% 924 9y 98y U8 10643 105 o 0% 64 63% 105 104% 104% 100% 100% 100% 58% b7a 58 b3k 57 bi% EC I 1) 9 100 99% 100 107% 107 107% 100 99% 100% Cane Sugar reorganization committee announced that tomorrow would be the last day for making deposits under the plan and that the company’s current Tesources will not permit it to continue coperations much after the date unless the plan is consummated. The 7 and 8 per cent debenture bonds continued heavy, but some of the other Cuban Sugar Reducing Co. obligations are firmer. o Again last week there were many new low prices for the year in listed and unlisted foreign dollar issues, especially those of South America and Southeast- ern Eropean borrowers. Some of the German municipals also went to new lows. The only important advance to- day in the foreign group was one of & point in French government 7}zs. It ‘was announced that a $15,000,000 loan on behalf of a group of 65 Chilean municipalities would soon be offered, ‘with a 7 per cent coupon. POTATO MARKET. CHICAGO, August 19 (#) (U. 8. De- partment of Agriculture).—Potatoes— Receipts, 174 cars; on track, 287 cars: total U. S. shipments Saturday, 656 cars: Sunday, 58 cars; demand light, market slightly weaker; Kansas and Missouri sacked Irish Cobblers, 2.15a Donner Stee Duquesne 413 Kast Cuba Sug Fisk Rub 85 Gen Asphalt Gen Cable 53 Gen Mot Ac Goodrich 6% s Goodyear bs rcts Humble O & R 5% 111 Bell Tel 55 Ind Stee Inland St1 intl Cemen Intl Match 5x 4 Int Paper 68 47 Inter Paper 6s. . 2 88 88 Int Tel&Teleg 4% .. 3 90% 90 Int Tel&Tel 4%s cv 1027 187 180% KanG&E6sb2.... 2 104% 103% Laclede5s........ 100%h 98'% 100% Laclede G 53852, 108 10: 103 Lautaro Nitrate 6s. 19 100 $9 100 Ligget&Myers b: 2100 99% 997k Loew’s Inc 6 38 105% Loew's 65 W 9445 Lorillard (P) 7s. Manati Sugar 71;s Midvale Steel bs.... 18 Montana Pow 5843, | Montana Pw deb 5s 1: 101 101% 101% 7 97 7 87% 87 9% ¥TY 109% 109 7 V6 98 102 101% 106% 1065 i 20 1004 99% 1024 102Y% 103 101 Y0l Sul 20 102 101 1L 9% 93 2 8 Bdsy 87 974 109 96 102 106% 103% 101% 1019 97l 9T 957 5% 45y dole 103 102% Nat Radiator 2.4 Nebraska sacked Irish Cobblers, 2.60a2.75; Minnesota sacked round Whites, 2.15. . CHICAGO DAIRY MARKET. CHICAGO, August 19 (#).—Butter ruled steady today. Medium and un- der grades were in limited supply. Fresh—93 score, 43a43!,: 92, 4214 91, 411; 90, 41; 89, 401,, 88, 39';; 87, 3812, " Centralieed—90 "score, 42; 89, 4012; 89, 39. Wacshington Stock Exchange S, ALES. A ‘Washington Gas 65—$200 at 101%, $100 at 1011, $200 at 10115. ‘Washington Gas 6s B—$100 at 103%5. Potomac Electric 6% pfd.—5 at 112, 5 at 112, Potomac Electric 514 % pfd.—S5 at 107%. District National Bank—10 at 230. American Fire Insurance Co~-1 at 325, Federal-American co. com.—38 at 41%;. L“;‘Omn Monotype—10 at 13v, 10 at 130. Mergenthaler Linotype—5 at 104. Real Estate Mtge. & Guar. pfd.—160 at 1%, 20 at 73. AFTER CALL. Capital Traction 55—$1,000 at 95%4. ‘Washington Rwy. & Electric pfd.—21 at 987, 9 at 914, ‘Washington Gas 6s B—$500 at 105. Capital Traction 55—$2,000 at 95. National Mtge. & Inv. pfd.—190 at 415, Potomac Electric 53 % pfd.—5 at 1074, 15 at 1077, « Riggs National Bank—5 at 57613, Barber & Ross com.—25 at 18, 25 at 18. Chevy Chase Dairy pfd.—2 at 107%. Wu!:lnxton Rwy. & Elec. 45—$1,000 at 85%. Mergenthaler Linotype—2 at 104%. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Telga. 4%. % | Finland 53 Chevy Chase Cl & raner M D. Pot. La. Bk, Wash. Market Cold Storar Wash. Cons. Title Co. 6s. STOCKS. PUBLIC UTILITY. Amer. Tel. & Telg: Capital Tracticn C Washington_Gas. Nor! Potol Po! ; | Paris-Ly-Med Colymbla Title, e & Tav. of Nd. © nv. of Md. 'ash. Cons Title pfd. : MISCELLANEOUS. Barber & Ross, Inc., com. Chevy Chase Dairy pfd. Band & Gravel pid i Co. i Ter, Ref. Waih. Mech. Mige. com Wi 1de. A BT dend. ; sacked early Ohios, 1.90a | N "lGerman7s.... NewEngland Tel 6 ¥ 5: 101% 101ty 1115 1114 106% 105's 110 100 101 101 105 100% 100 109 108% 9 9% 67 644 100% 100% 96 96l 112% 111% North Am Edis NoAmEd 538’62, Nor Ohio Tr&L 6: Nor States Pow Pacific Gas & El Pan Amer Pete 6 Paramount 6i Pathe Exchange Peoples Gas bs Phila Co 58 67 2 Phila & Read 6s'49. 62 Philips Petro 51;s.. & Pierce-Arrow8s... T Por Ric Am Tob 16 Postal Tel &£C 5 10 Pub Ser413s....., 18 RemingtonAr 6s32. 1 95 Rem Rnd 6%s war. 12 97 FOREIGN. Sales. High. Low. Close, Argentine 6sJu 59. 100 99% 100 Argentine 6s Oct 5! 99% 99% Argentine May ‘61 99% 1005 94% 94% 99% 100 99% 99% 85% 85% 7 94% 9% 9% B 94k 9 94k 1 103% 108% 103% 14s., 2 96% 9ClH 96% Bank of Chile 6%s., 11 99% 99 » Belgium 6s. . . 41 100% 100 100% Belgium 6%s. . 8 106% 106% 1054 Belgium 75 1951 19 107% 107% 107% Belgium 78195/ 16 106% 106% 106% Belgium 7%s. 165 114% 114% 114% 2 108% 108% 105% 1 84 B4 B4 3 9 98% 99 8 100% 100 100% Brazil 6%s 10 90 Se% BYL% Brazil 6%,81927.... 26 S0 89 89 20 99% 99 9% 7 106% 105 106% 7 108% 103% 103% 5 9% Yl 9% 9% 7 101% 101% 101% 89% 2 824 21931 8T 33 95 9% 95 3 109% 109% 109% 17 8sia 8ok 86%s 13 100 99% 99 3 104 1037 103% 1 102% 102k 102% 2 1024 1024 1024 31 92% 9% VI% 11 85% 854 Bd% 1 9% 8% 89% 3100 99 99 . B3 102% 102% 102% . 22 109% 108% 109% . 16 112% 111% 111% . 0 9% 9L 91 1 101% 101% 101% 106% 108 ‘88% 864 ¥0 0 9T 9% 9% 100 95% 95% 9% 9% = - Shmenmreor~oN®es 3 268% 261 96 97 2684 95 27 Argentine 6s B Australia 4748 56... 28 86 Australia 5s 1955 Dutch East I 6 Fiat 7s war "46. . Fiat 78 x war *46. Finland s £ 6845 Finland 7s.... KFramerican 7328, French 7s. French 7% GermanELP 6% Ger Gen Elec 7. 20 106 317 85% German Bank 6 s 6 80 1 Greek 6s 1963 Italian Pub 8 7; Japanese Japanese 612 31 1w Kreuger&Toll 68 c!.ll}: }M 14 102% 1024 1024 7 102% 1024 102% 3102 101% 101% 6 84% B8i% 8% 9% 9% Norway 651943, Norway 6s 1944.... Norway 6%s1952. . Urient dev 5% 58. Paris Orleans Peru 6s 1960 04% ' 9% THE EVENING STAR. WASHINGTON. D. C. MONDAY. AUGUST 19. 1929. Direct to The Sinclair Of1 Sinclair Oil Sinclair O11 7s. Sinclair Crude 5% Sin Pipe Line 5s. gkolly Oil 5%s. Utilities Powr 5%s8. Vertlentes Sug 7s Warner Sug 7s 39. Warner Sug 7s 41 White Eagle 0 533 Win RepeatAr 7138, Youngstn S & T Wilson & Co 1st 6s. STOCK EXCHANGE Star Office } i 101% 101% 96 96 93% 93% » - . SrrmcaioarS-crpmnnaRacne 90% 90 101 101% % 97 105% 105% | 103% 103% 105 105 10: . 101% ¥ - %0 87 87 109% 100% - - 2 107% 10l 106'% 1004 7 100 1 107 1074 101% 101% 106' 106}y 100 100% 100 100 RAILROAD. Atchison adj 4s. ... Atchison gen 4s. ... Atchdeb 414843, Brdway & Tth Av 58 Brooklyn Elev 6138 Bklyn Manhat 6s. .. Bkiyn Un EL 58 50. . Bklyn Un El 58 Can Nat 4138 30 Can Nor 613 Cent Pac 4s. . Cent Pac 1st 58 50 Ches & O Corpn 55. Ches& Ocv 4lss. .. Ches& O 415893 A, Chi & Alton 3s 75 CMSP&Pac adjbsos Chl Gt West 45 69, Chl & NW 6138, Chi & NW 7s. ChiRI& Chi Union Sta 584 CCC&StL bs D. Clev Term 5s. Cuba R R 68 Cuba Nor 5345 cts Del & Hud 5%s. Den & Rio G cn 48 D Rio G West 5. DRG & Wst 5878 Erie conv 43 A Erfe Gen 4s Eriecv 5s 6 FlaEastC5s74 Ga & Ala 1st 55 45 Gr Trunk st db 6s. Grand Trunk 7s GtNor4%s76D.., Gt Nor bs, Gt Nor gen 75 Hav El Ry 5s Hud&Man ref 5 1 Cent4%s66. .. 111-C-C-St L& Int & G Nor b3 195 Int & G Nor-1st 6s. . Int RysC A 6%s ret Towa Centrf 4s. Kan City Ft 8 4s.. Kan City Term 4s. Lake Shore 4s 31. Louis&Nash uni 4 Man Ry 1st 45 90. Ml EI Ry & L 5s 61, Minn & StL ref 4s. . MStP&SSM3s38gtd. T 1st Mo Pac 6s F 77. Mo Pac 58 G 78. Mo Pacb¥%s49c NassauEl 4s51.... NRM41;s51asst. NOTex&M5sB.. NY NH&H db 4s 57. NYNH&H4%s.. NY NH&H cv db 6s. Penna gen 4% Penna 55 64. Penna 6% Penna gold 7s . PCC&StL3sB75. Pere Marq 1st 58 PortEI P L 6s.. Port RL & P 58 42 Port RL&P 7% 46. Reading gen 4%s A. Rio G West cl RIATR&L 4% StL IM&S R&G 4s. SIL&SFpl4sA... StL&SF 4%s78.. Tex Ark FS 5138 50. ‘Texas & Pacific 1st. Tex & Pac§sC79.. % | Tol Tr L&P 618 30. Union Pac 1st 4s. 4 954 1 106% 106% 1c6% | today 4 108% 108% 108% 8 105 104% 104% Rio de Janerio 6% Rio Gr do Sul Rio Gr Do Sul Rome 6%s. Sao Paulo 1950... Saxon (PW) 7s, Seine 7s 42... 8 101% 101% 101% 3 96 96 96 1 107% 107% 107% 16 716 6% 754 0 S6% e 85% 6 861 864k 86k 6 103% 103% 103% 1 103% 103% 103% 2 104% 104% 104% 8 109% 109 109% 8 964 964 96% 5 T3% 73% 734 10 883% 83% 83% 17 101% 101% 101% 7 96% 96% 9% 1107 107 107 6 8 86 86 4 78% 784 T84 9 0% 90 0% ey 2 e 89% 89% 0 0 156 156% 99 90 964 96% 100 100% 100 100 1013 101% W7% 107% 89% 895 100% 1004 Pit V4% fi%h 647 887y S8 39 8y 8% , 8o% 56 86 Bamrwn 9% 99% 114 114 110% 119% b2ia 83 ol 96'% 5% 90% 6% 904 9915 994 Y8y 99 —iom SemrmorarBacianan = 62's 6214 1074 1074 101 101 92% 9274 100% 100% 100% 101 101% 101% 100 8 » » Bi% W, 2 101% 101% 89 89 P35 o ChnunlE- Rerpealulal 3 108% 103% 1004 110 93% 93% o1 101 108% 108% 831y 83l ¥8 884 5 9 100 100 6i% 64 634 65'% 90% 90% " e KOG ~nea st raoNE=E RN~ Bens- 98% 984 T 96 96 9% 9T s 1us 51 L33 reerel 3 88 Ty 104%% 1044 Y - I A Y T = = T e 103! 103% 100% 100% 100% 100% 97 97 105 105 94% 95 79 7 3 23 92 92% 84% 8i% Reat 3 [ TISeT » o RS o N SHmAERE~ERI AN 101% 101% 103% 103% 96! 93% 93% 106 108 101% 101% 101% 101% 5% | piled 103% 103% | CHICKEN POPULAR AT PRESENT PRICES | Dealers at D. C. Market Re- port Good Sales—Canta- loupes in Demand. Hundreds of empty chicken coops high in front of wholesale poultry houses this m , was taken to sug- gest the probability of a scarcity of supplies and high prices. It is true there was no surplus stock on hand this morning, but dealers had ample |l supplies to meet demands at prices which prevailed at the close of week's market. The empties will returned tomorrow when new supplies are received. Business in the commission house district this morning was not as quiet as usual the first market d.{e of the week, some fruits and vegetables being in demand. “In other words,” remarked a whole- saler, “retailers knew what they want- ed and got it.” Cantaloupes and Peaches. Continued plentiful supplies of can- taloupes and peaches claimed much at- tention this morning, both fruits being attractive and of excellent quality. Peaches, many of them Elbertas from the Shenandoah Valley of Virginia, were offered at a wide range of prices. Some of the show fruit, extra large last | few be | plies ligh market steady; Massachusetts and Wis- consin, 100-pound sacks yellows, U. S. 5; Leg- | No. 1, medium to large size, mostly horns, 24a25; fowls, 28; roosters, ducks, 15a20; keats, young, 60a70; old, 35a40. Dressed—Turkeys, 38a40; Spring chickens, large. 38a40; medium, 37a38; small, 35; Leghorns, 33a35; fowls, 34a ggél T.?,““"’ 26, ducks, 28a30; keats, Meats, fresh killed—Beef, 241;; veal, 28; lamb. 30; pork loin, fresh hams, 30a32; , fresh shoulders, 22; smoked hams, 30a32; smoked shoulders, 20a22; blczn. flflllzfl. Lard, in bulk, 15; in packages, 16. ‘uva stock—Calves, 18; lambs, 12% Fruit and Vegetable Review. The daily inarket report on fruits and vegetables (compiled by the Mar- ket News Service Bureau of Agricul- t mics) says: Cantaloupes—Supplies light; demand slow, market dull; East Shore Mary- tandare sizes ) s, jumbos, all sizes, '1.25a1.60, Miscellaneous melons—=Sup- demand moderate, market slightly stronger; (California, honey balls, jumbos, 36s and 45s, 4.7585.00; jumbos, 27s, 4.0024.25; standards, 36s and 45s, 3.75a4.00, mostly 4.00; ponys, 45s and 54s, mostly around 3.00; ponys, 16;5 2.50; standard flats, 12s and 15s, 1.75. Lettuce—Western stock: supplies lib- eral; demand moderate, market about steady; mostly ordinary quality and condition; Colorado crates, Iceberg type, 4-5 dozen, fair quality con- dition, 2.50a3.00; California d_Col- orado crates, Iceberg type, dozen, poor quality and condition to ordinary quality and condition, some decayed, around 3.00; Yowa, 100-pound sacks yellows, U. 8. No. 1, medium siz#; 2.75a 2.90. Peaches — Supplies liberal; demand light, market steady; Maryland and Vir- ginia, bushel baskets Elbertas, U. 8, No, x.ulaf'e nufiflx.lam:';.;k memxfi:{; -mmd m arou = y i , 25; wflxu:l baskets Belles, U. 8. No. 1, large size, best, mostly 1.75, few fine 2.00; small to medium size, 50. _Pears—Supplies light; demand light, market ste: s rnia, boxes JBart- letts, fancy, mostly 3.25, few large size low as 3.00. - ‘Watermelons—Supplies moderate; de- mand moderate, market slightly weak- er; West Shore Virginia, various varie- tles selects, 50a65 each. First Mortgage Loans Lowest Rates of Interest and Commission ‘Thomas J. Fisher & Company, (nc. THE IDEAL INVESTME! “Trusteed Shares” ip in the com- mor ading American Corparations. ‘The original investment increased in market value over 50% from M 1928, to July. 1929, dividends for the com) ed July 15, 1929, at Offered by 50a2.00. The Standard Collateral Sha Onions—Supplies light; demand light, size and attractively colored. brought as much as $4¢ a bushel basket. There | were not many to bring the high prices, || however. l;flc;zn nldu;;ler grades were oted at $3. ang . q“mum Shore of Maryland and Anne Arundel County, Md., Cantaloupe: growers supplied local dealers quantities of top qu-l?ly fruit that was in demand. Pony's of the Anne Arundel County fruit sold around $1.25 this morning, bushel baskets selling at $2. Stock |/ from the Eastern Shore came in crates and sold according to size and quality. Tomatoes from nearby growers were | \§| slightly cheaper this morning, primes, chl‘kymke's, selling at $1 and $1.25; No. 2 stock selling at 50 cents. Such were the prices along the farmers’ line, where plentiful supplies of other vege- || tables were offered retailers. “Considering weather conditions,” re- || marked a dealer, “receipts are really heavy.” A Corn was not so plentiful, however, dealers quoting & price of $1 and $1.25 il for five-dozen sacks. Potatoes, both homegrown and shipped-in, continued scarce and h, selling around $6 and $6.50 a barrel. Peppers and squash continue plenti- fil and cheap, the former selling at 175 and the latter at 50 cents a bushel. Beets and carrots sold at $1 a bushel for cut-off supplies, bunched stock sell- ing around 3 and 4 cents. Cabbage, most supplies from South- Capital, Surplus & Profits, Over §: Very Long —for you to see the great advantage of naming a Cor- porate Executor or Trustee, such as this bank, in your will, {Individuals become inca- pacitated — get sick — di Corporate fiduciary agents don’t. . BW"Talk matters over with Our TRUST DEPT. before mak- ing YOUR WILL. 3% Paid on Savings " National Metropolitan Years Old Oid 15th St. opp. U. S. Treasury west Virginia, were plentiful and cheaper, dealers offering some baskets of 111 pounds at $3 and $3.50. Apples and lemons were fruits offered at decreased prices today. Lemons, sold a_few days at $11 a box, were offered this morning around $6, some small stock being offered by retailers as low as 15 cents a dozen. Apples found slow sale, orchard-packed fruit g{xs:)he farmers’ line selling at $1 and No changes in the prices of butter, eggs and meats were reported this morn- ing, greleu of most other commodities also being the same as prices quoted Saturday. Today’'s Wholesale Prices—Jobbers® Prices Slightly Higher. Butter—One-pound prints, 44%a 4813; tub, 43%a441;; store packed, 28a30. Eggs—Hennery, 38a40; fresh selected, LOANS On Imgproved Proferty | 6% Interest No Commission Charges WEAVE.BQBO REALTORS 809 15th Street N.W. District 9486 Mortgage Loan Correspondent Metropolitan Life Insurance Company S/ Mortgages Investments JAMES Y. PENNEBAKER Nat.5201 1520 K St. N.W. Money to Loan Seeured by first deed of trust on real A Prevailing interest an m Josep T Weller <o 7osm: First Mortgage Loans Fair Rates of Interest J. LEO KOLB 923 N. Y. Ave. Dis. 5027 A DOUBLE FACTOR OF SAFETY BEHIND GUARANTY NOTES AND BONDS First, the intrinsic value of the property behind them. B Second, our resources of $3,400,000 stands ready to protect your principal and _interest. 6% Interest Guaranty Notes and Bonds offer you a cidedly safe i with a liberal return. Available in Denominations 4 from $250 up : Send for Booklet—The Success Plan n} ' MORTGAGE & GUARANTY [ LORPORATION :Capital Resotirces $3,400,000" 24 JACKSON:PLACE Equitable Co-Operative Bldg. Ass'n JOHN JOY EDSON, President WALTER S. PRATT, Jr., Organized 18 49th YEAR COMPLETED Assels ..o00000000.85,513,051.68 Surplus & Profits.....$1,601,704.98 Subscription for the 97th Issue of Stock Being Received SAVE AS YOU EARN 'HE Equitable’s plan of sys- tematic savings encourages thrift in a manner that if con- sistently followed will eventual- lg lead to financial independence. tart now while you have a steady income. Come in and let us explain about our systematic plan, 915 F St. N.W. We have prepared an analysis of CAMPBELL, WYANT & CANNON FOUNDRY COMPANY CAPITAL STOCK Copy on Request Members New York, Philadelphia, Chicago and Pittsburgh Stock Exchanges and New York Curb Exchange 1512 H Street N.W., Washington New York, Philadelphia, Cm Pittsburgh, Detroit, Rich- n mond, Trenton, New Brunswicl ton, Reading, Allentown, Pottsville, Pittston. FIRST MORTGAGES ~TYPE OF INVESTMEN INSTITUTIONS APPROVE— Individuals may want the thrill'of speculation occasionally —but institutions, guardians of the financial interests of others, cannot “take a chance.” Their funds MUST be invested —SAFELY and at definite in- terest. To such our 6% FIRST MORTGAGES Over a Third of a Century Without a Consult Us Regarding Your Maturing Mortgage LONG-TERM REAL ESTATE LOANS 5Y2% We Make First Mortgages on Homes, Apartments and Business Properties in and Nearby Maryland and Virgi: RANDALL H. HAGNER & COMPANY, INC. 1321 Connecticut Avenue Decatur 3600 D Mcrtgage Loan Correspondent. New York Life Insurance Company YOU CAN INVEST WITH ABSOLUTE CONFIDENCE 3 IN OUR 6% MORTGAGE NOTES FIRST DENOMINATIONS OF 3250 AND UPWARDS PROTECTED by careful appraizement cf trained men. [ . SECURED on carefully selected and im- proved real estate in Washington and its environs. [ ] INSURED against loss by firc by standard insurance companies. Cnly those which offer :he best security are selected from the large number of mortgages which are con- i i INTEREST CHECKS RECEIVED stantly being submitted to R EE TSRS DA RN ARE DUE AND P Itors ed 1 T BOSSEMELPS Loan Correspondent John Hancock Mutual Life Insurance Co. | 1417 K 8t. National 9200 | B} Loss —strongly appeal—because their money is amply secured— and . unvarying interest paid regularly. May be purchased in amounts - from $250 up. 'B. F. SAUL CO. National 2100 E 925 15th St. N.W. g | THERE IS NO SUBSTITUTE FOR SAFETY Coniplete Investment and Brokerage Service Copy of our “Fortmightly Review” furnished om request G. M.-P. MURPHY & CoO. Members New York Stock Exchange 1508 H Street Connecticut at K WASHINGTON Telephone National 9600 New York Philadelphia Richmond Private Wires and Telephones to New York London Are You Interested? read below In the reorganization of our SALES DEPARTMENT ‘we have openings for several men and women. Our CONTRACTS offer unusual OPPORTUNITIES, and our Special Training Course equips cne thoroughly to sell INSURANCE. We supply our Associates with office and equipment, also telephone service. ‘The Pacific. Mutual's MULTIPLE POLICIES consist of all forms of LIFE, HEALTH and ACCIDENT coverage. You will find our NON-CANCELLABLE DISABILITY CONTRACT and %icy that “PAYS FIVE WAYS” a * real BUSINESS G . We write both PARTICIPATING and NON-PARTICI- PATING. IF you are interested in a PERMANENT connection with a COMPANY over 60 years old, call in person or phone W. B. Daniels, Manager The Pacific Mutual Life Insurance Company Suite 411 Second National Bank Building 1333 G St. N.W. Washington, D. C. Metropolitan 3323 Have You Seen Feng Hwang? cording to ancient Chinese legend, %‘:ng Hsvnng, a bird of brilliant plumage and flute-like voice, ap- pears over the land when a wise man comes to the throne or when right principles are about tq pre- vail. When evil rules the bird is far away. In these United States we have no mythical bird to tell us when we are right—but in the home of a wise and careful man happy sn.ules and carefree voices are the signs and omens that tell when right principles have prevailed. Secure independence rules the fortunes of the investor who has steadily placed- his funds in a sound security—he - has “seen Feng Hwang.” To hundreds of men looking towards future independence of sal- ary, we have sold the 6% Fu‘gt Mortgage Notes placed through this company—and today these men have a steallily-growing income and absolute safety of capital. No mat- ter what the future, they and their families are secure. R Your assurance of complete safety and unfailing interest returns from these notes is contained in our record: More than Sixty Years without a Loss to an Investor. SWARTZELL, " RHEEM & HENSEY CO. MORTGAGE BANKERS 727 15 STREET N.W. / \ WASHINGTON D.C.