Evening Star Newspaper, July 5, 1931, Page 48

4 LOWER MORTGAGE | INTEREST IS URGED| Concessions in Rates Re- quested by Borrowers on Real Estate. ; Special Dispatch to The Star. NEW YORK, July 4—The man who s carrying a mortgage on his home or s considering negotiating a loan, and 'ho is borrowing on business property, is beginning to wonder when he will reap the benefit of the decline in in- terest rates. He has seen quotations for money this year drop to the lowest level in & quarter of a century, so that those who are carrying securities have " the advantage of extremely casy rates. The ES \ ime is true of commercial paper, on which the current quotation is 2 per cont, compared with 3% to 3% per cent & year ago, and about a third as hl‘h in 1929. Stiil the traditional ihe East of 6 per cent on real estate mortgages holds in the majority of cases. Breaks in Rate. ‘There have been some breaks in the rate. There is now a growing insistence for a concession to borrowers. Some ‘weeks ago it is understood that Phila- delphia real estate interests requested lenders in that city to reduce the rate in conformity with the general decline in interest on other forms of paper. More recently the largest mutual sav- ings bank in Connecticut announced that, effective July 1, it would lower the rate on mortgages to 5!. per cent from 6 per cent. ‘This is understood to be under discussion by other savings banks ,in New England, which feel that the borrower on real estate is entitled to more consideration than he has had to da ite. In the period of low interest rates in the early part of this century, which corresponds quite closely to that now prevailing. there were numerous mort- gages made on a basis of 5 per cent. ‘The 6 per cent rate, however, has been in general usage for the greater part of the past 20 years. Up to a few months ago the largest and strongest of the local guaranteed mortgage com- were selling their mortgages on a 14 per cent basis. Today they are ad- vertising this paper at 5 per cent. It is believed that an eosier interest rate to the borrower on real estate would help to quicken the real estate market and to encourage more build- ing. The subject is one that is now receiving a great deal of attention cn the part of mortgage companies, sav- ings banks and insurance companies, which are the largest buyers of mort- s. It is also extremely pertinent for the building and loan associations, which are closer to the conditicns in their own locality than any other simi- lar agency. Mortgage Bonds. The situation with respect to real estate mortgage bonds which have been given, or might be afforded, a public market is quite different from that de- scribed above. There is no prospect of a reduction in the coupon rate of pub- licly distributed real estate mortgage bonds until the outlook with respect to the enormous mass of securities floated in the past 10 years is improved. The prcportion of such securities that will work out at from a few cents on the dollar to 50 cents on the dollar is #0 high as to be regarded as one of the great tragedies of the deflation period. A little progress is being made in certain directicns, but advantage is also being taken of unorganized bond- Tholders by promoters who have'all sorts of schemes to get control of properties greatly below their actual value. More hardship to more investors has been caused by the collapse of publicly sold real estate securities than by any other one factor. President Charles G. Edwards of the New York Real Estate Securities Ex- change has published a letter this week in the Commercial and Financial Chronicle, in which he refers to the unwillingness of underwriters and deal- ers in real estate bonds to list their | securities on the Real Estate Exchange, where the investor in them might have had the advantage of knowing how they were being publicly appraised as to value. It is well known that cer- tain large real estate bond distributing organizations refused to have their securities listed and that theirs are among the issues that have had the greatest declines and on which scme of the largest losses will have to be taken. ‘Responsibility of Seller. Mr. Edwards states that “no invest- ment house which sold a real estate ‘bond issue to its customers should re- mein in business unless it is willing to g0 to the extreme limit in pre!ervlnz the integrity of the issue it sponsored.” He also believes that the trustees for these issues should assume their share of the responsibility for what has hap- ed “and work with the investment er and the real estate broker and appraiser in salvaging as much for the investor as is possible in every cir- " (Copyright, 1931.) Buying for Profit BY GEORGE T. HUGHES. 11 we decide to go back to first prin- ‘iples and use our surplus funds, if and when we have any, to buy conservative bonds and high-grade preferred stocks instead of speculating in the market with them it will be necessary to Te- state the fundamentals of sound invest- ment practice. Most of us have forgot- ten them, first because of the mania for common stocks which afflicted us in 1928 and 1929, and, secondly, because 50 many feel they must recoup the losses sustained when “l;:ltl famous guu mnzk:: collapsed, and leve such recove! clnn:ebe made by the slow and thrill- lacking method of investing instead of FINANCIAL. BOND SUMMARY FOR THE WEEK UNITED STATES GOVERNMENT, 0 Lib 3% 103 lG los !s loa 18 107 22 109 22 8 109 14 ~—1031.— High. Low. 101 90 8714 571 1054 102 4715 2513 102 98 102 96% 953, 84y, 51y 84 104 105% 101 135% 103% 120% 109% 1% 9814 Stock and dividend. Migh. 8 1932-47 1 LIb 18t 4348 1932-47, 108 13 Lib ¢th 4% 1933-38, 104 25 04 02 Stock and dividend. Abram & Straus 5% #'43. . Allexhany Co cv bn Am G Chmb5%s Am Internation 5% Am Tel&Tel cv 4%s"39.. Am Tel & Telsf bs . Am Writ Pap 65’47 Argentine 53 Juni Argentine s A ‘57, Armour & Co 438" Arm8ur of Del 6%s 43 ¢ Atch T & S Fead) Atch T& S F gen Atch To & SFe d % Atlantic CL 1st 45 Atlantic Ref Australia 6s 56, Austria 43 B & O gold 4s'48 B&OcviYs Balto & Ohio §s B & Oref 53'95 Balto & Ohlo 63 'S5 B&OPLE& W Va & B& OS W Div 6s'50 Bangor & Aro Bank of Chile Bank of Chi Relgium 6s "65. Bell Tel (Pa) re » Reth Steel pm 63 °36 Bolivia Tsct 69.... Rordeaux 6s ‘34 Boston & Maine 55 '67. Brazil 63 1926-57 Brazil 85'41. . Broadwy & 7th Av mz'. 106 108% 102% 1020 10213 1084 a 895 1084 50 100% Rrooklyn Manh 1st 4« Brooklyn Union s '§0. Canada 68 52.. 61 Can Nat July 6s ‘69. lsn'ssoe{ Centra: Pacific 4349 .... Central Pacific 960 Certain-teed 6% s 194 Chesapeake Corp 68 '47. Ches & Ob gen 4%5'92 Ches & Ohio ¢%5'93 A, Ches & Ohio 4%s B '95.... ChiB&Q4%sB 77, ChiB&Qrefbs'7l. Ch & East 111 gen 68 '61. Chi Great West 4s ‘69 Chicago&Nwnev 4% s Chi& N W 6%s°'36 Chicago Rys bs ‘27 & Chi R 1 & Pac ref ¢s Chicago Rock Is] 4148 "6 Chicago R14%s A Chi Union Station 4 Chi Union Station 6% Chi & West Ind con Chi & West Ind 6% Chile Republiec 6s 1960, Chile Copper bs *47.... Chinese Govt Ry 6851 .« CCC&StLrf44}sETT, CCC&StLEsD.. ¢ CC&StLref6sA Cleveland Term 6s B'73 Colombia 6s 1961 Jan Colon Of! Colo & Sou ref 4 Columb G & E deb 58 ' Comm Invest 5%s '49. 7 Con Ct (Ma) st ref 5s. Copenhagen §s 52, Cuba Cuba R 58°52 rth 638 4! Czechoslovakia 85 '51. Del & Hudson 5%s 37, Denmark 6%s 1956 Denmark 6s ‘42 Den & Rio Gran Den & R G West s Den&R G t Detroit United 438 °32. 40. Dodg Duquesne ¢%s 1 Dutch East I Dutch East Indle: Fonda J &G 4%8'52 French 7s '49 French 7%s 41 Gelsenkirchen Min 65 '34 General Cable 5348 1347. Gen Motors 65 ‘37, Ger Gov 5145 65 wi German Bank 63 193! German 75 *49... Goodrich (B F) 638 '47. Goodyear Rub s 195! Grand Trunk s £ deb 68, Grand Trunk 7s 40 Great North 4%8'76. . Great Nor gen 5%s 52 Great North gen 7536 Greek 6 1968. . Hudson & Man adj 6¢'57 Hud & Man ref 58 ‘57 Humble O & R5% Illinots Cent ref 48 4 Inter Rapid Tran 68 '66. Inter Rap Tr 68 sta . Inter Rap'd Tran 6s '32. Inter Rapld Tran cv 7s. Inter Cement 6s '48 Inter Gt Nor adj '65. Inter Match 58 °47. Intar Mer Marine 68’4 Inter Paper 58 A '47...... 10219 Low. Close. 10216 10217 10810 10312 10421 104 21 10243 10228 102 26 102 28 106 7 10617 10810 108 16 118311 11315 A rEF FEE SRR E, seee & LEVE 444ttt bttt + SELLL FF FasFsnsasrrrs + 76 2% 96 Int Tel&Tel cv 4% lgz% 101% Irish Free State 68 '60. A Mo Pacifie bs . Mo Pacific 63 G.... Missouri Pactfic 65 H '80. Montana Power 68 1943 Nassau Elec 48 51 Nat Dalry Prod § Nat Radiator lu- 1 N Y Cen ret Imn 6- 2013.. N Y Cent deb 6s°35. . NY Chicago & StL 4 %s ‘78 YCh& SLref5%aA.. N Y Chi & StLouis 6s "32. 1 NY“‘"&MICKI 46 horfolkl'ellil‘ll % North Pacifier | Northern States Pow Norway 6%8...... Ore Wash 1st ref 4s Orfent Dev 5%s °57. Pan-American §3 Para-Fam-Lasky Paris-Lyons-Ned Paris Orleans “l l'(l « Penn gen 4445 Penna RR 4134 Penn 4% 863 Penn b3 1964 Penn gen bs Penn 6%s "36. ru 68 ‘60 Phil&Read C&1 Philips Petrolm 6% #'39.. Pireili Co of Ttalv 7s *52. Pittsbgh&WVa 4%s C (n Poland &= '50. Postal Tel & Cab §5°33... Queensland 6547 Queensland 7s *¢1 Reading 4 \h 17 Reming-R tphalin 65 '52. . TRio de Janeiro 8s 46 % Rio Grande Do Sul 6 Rio Grand West col RIArk&L4y%n'34... Rome 6%s '52.. SLIM&SR&GH St Louls 8 W con 48 32 8ao Paulo State of suholrd ALref South Pacific col 4s South Pacifie ref 4s°65... South Pacific 4 %s ‘68 Southern Pac 4% 569 ww i Southn Pac Ore 4%s 7' Southern Ry gen s "6/ Southern Ry 1st b Southern Ry gen 6s 'S South Rv dev 6%s Sugar Est Orfente 68 '42.. Swiss %546 4 Texas Pacific 5s B "l'l. e Texas Pa ‘Third Ave ist ref 4s lfl ‘Third Ave adi s '60 ‘Toho Elec Pwr 785 Utd Kingdom 5%s U S Rubber 1st & re: Uruguay 6s 1960. Warsaw 7s 1958 ‘West Shore 1st és 2361. West Maryland 4s 53 West Maryland 5%s 77 Waestern Pacific s '46 Western Union Tel 6% Wilson & Co 1st Yokohama 6s '61 Low. Close. 52% 2% 107% 9% 1034 94y 95 1041 22% —2% 6% +1 6% + % 108 + % B89% +1% m:u + % 9% —u 8% + % 82 +1 974 +1 65 +1% 88 884 +1% 88% +2 87% + % 104% 524 % % FIRST HALF OF 1931 SHOWS FIRM TONE IN D. C. SECURITIES (Continued Prom Pirst Page tual in Philadelphia and Wflh its fleld work for a number of years, resumes his general agency duties here after an interval of 18 months. Mr. Marr has joined the Penn Mutual staff after long experience in the Wash- ington field with another company. He l; ":Mely known in insurance circles ‘Woodbury Blair, vice vrendenl of the National Savings Trust Co., president of the Mctropoman Club and connected with many prominent finan- cial organizations, taken up his residence at_his Summer home, at Newport, R. I. Frank Stetson, trust omm ot the National Savings & Trust is pass- ing & month’s v-cnuon wu.n is family at Holderness, N. H. Percival Wil- son, secretary of the e bank, is also on his vacation, putting in the time on the, 1{ lin:s and motoring. rles W-hll‘lm Saving Capital Bank and Nltlonll Capital In- surance Co., has been elected to the board of directors of the Eastern Build- ing & Loan Association. ‘The Washington Mechanics’ Savings Bank has published a condensed state- ment of condition on June 30, showing deposits of $3,128,276.63, compared with ts on March 26 totaling $2,950,~ 104.29, a gain of $178,172.34. New York banks have published a grist of condition statements in the 4| past few days. Most of them state 66% +2% T4 + % 884 +34% 101% — 4 82y 43 835 —18 85 +1 65% +1% 86 + % 814 1% 925 +1% M +1% 101% +1% 93y + 4 9TH +1% 102 + % 108% + % 69 + 14 Y% —1% 103'2 + o 6% +2% 88k — 14 103% — 105% +2 66 — 15 102% + % 73 +8 70 -1% 50 -5 61 +1% 92% +24 79 413 89 + 1% R0 +4% 109% + % 9% +2 ¢ 100% 100 +1% (Continued From Second Page.) —1931.— High. Low. 3% 2% United Paperboard Stock _and dividend. High. .2u Low. Close. 24 2% Stock and dividend. W'ren Broscv pf (3).., Warren Fdy & Pipe (2) Webster-Eisenlhr pf. ... Hign. 384 25 36% 22 Net Low. Close. Chge. 384 22 35 384 - 3 22% — 8% 3% -3 that dividends have been earned in the second quarter. The same is true in Washington, according to many bank officials. PARTY LEAVES HERE FOR ANNUAL PARLEY Investors' Syndicate Reports Good Business Locally During Present Year. James M. Sherrill, State manager of the Investors' Syndicate, Barr Building, left here yesterday afternoon for the home office of his company, in Minne- apolis, to attend the Syndicate’s an- nual international convention on July 6, 7 and 8. e Accom ng Mr. Sherrhl were H. 8. Brossard, city manager; E. M. Bullock, D. Curry, H. A. March, F. B. Parsons and A. G. Weaver, whose -production records in the sale of thrift certifi- cates in Washin; fl ton in the past year have won them | James M. Sherrill. trips to the con- vention at the com- pany's expense. Approximately 900 representatives of the company from 38 States, District of Columbia and six | provinces in Cenads will attend the three-day business session. “Our business for the first half of this year has been exceptionally good Columbia Building Association 716 11th St. N.W. Let Us Refinance Your Maturing Real Estate Loan No Commissions Charged 22 Years’ Successful Business Without the Loss of a Dime BUSINESS IS READY T0 MOVE UPWARD &t Many Factors Indicate Credit shter Expansion and Price Restoration, Special Dispatch to The Star. NEW YORK, July 4.—It is increas- ingly evident that the explosive ma- t.erul: for a m]ot upowmg of tur irrency lmufinn tinued imports of gold, the abnormally unbalanced condition of _commodity stocks, says the Business Week in its report covering the week endln' July 4. All that is necessary to set them off is a sufficlently sustained spark of len- lenl confidence, generated by ele ‘These rldon alone are automatically forcing & reversal of deflation, and are being strengthened by decisive consid- erations of domstic and international political and financial policy, all point- ing imperatively toward credit expan- slon and price restoration. They are bound to g Tecovery in the course of time, mrgm'-h:hgl&nn;’hu: delay the more powe! e v i sl e xom is As the second half begins the busi- ness outlook oscillates uncertainly in the sensitive balance of sentiment. The psychological stimulus of the mora- torium and other emergency efforts to insure stability in the situation abroad has slackened. Security and commod- ity markets have sagged or are marking time till favorable news offers further | nourishment for enthusiasm. Meanwhile business indicators, except in certain sensitive retail l(nes still register no concrete effect of increased confidence. Our index, estimated early on preliminary figures for the last week of June, indicates a further re- cession, reflecting intensified seasonal contraction of muvlty ‘The index, for the week ended June 27, stood at 74.1 per cent, against 76.0 in the preceding week, and 100.3 per cent tn the responding week last year. ald Mr.. Sherrill, commenting upo the firm's growth during the past 18 months. He stated that in spite of the national recession in business activ- ity the syndicate had expanded steadily during 1930 and 1931. Total resources of the company are now in excess of $42,000,000 and are increasing at the rate o( n;au than $600,000 per month, h! said. Money to l'.‘aoan l-lnl by f ek Jnepl L el estate. e Money on Hand to Loan on First Deed of Trust 6% Interest Reasonable Commission and Prompt Replies to Applicstions JAMES F. SHEA 643 Indiana Ave. N.W. 2 David. HELP AND SI HELP—MEN, i-.-r."“n'fi- %W. R x TUATIONS. oy nwm-m o c-; nu 141 E "lru %LF'IIL:\., Tth Must Address n; nuu n .ur ms be Tamil nu with D. c. nowieds: "}mm Give reference ey, 1urner ol dress. 3 an St Stob: -hu: 4 rviews will (M lrnnnl nu“'l”fl 600‘ | Jancement or iard -mi""‘ ';;. 4% and 1 Bionat” Fress ed returnable. In Adare Dening oo e ': ington’ &n ot "s sellin future el ho -upnu Bimse exnlumr g MR L '%u OF ELECTRIC omw‘go%mm oltxmnlu'rouom EM' IF YOU ARE B TRNCHRoR Monng ¥ A T covru' ith boy, 9, Gei wants posi- a5 chaufteur. man and cha -’3-"}- WANTED—AGENTS. Auro:utu Perfumed Beads. nuln: hke hot ¢ nts coining money: bi {::lon Factory xgu ‘salespeople—Beautiful mm‘lf“un"' 31 dozen; names emboss- i hish commissions: ssmples {ree rtments. Dollar Cards, Ne: Brenswick R o t minute demonstration. PG pinvestment;” free offer. colored: drive car, exper] seference. Apply 441 mlfihwnllcl tor hlfh ot S colored HOUSEMAN, colo} :Ml have good n prroty i ANITOR, n Star o MAR 20 0 35 years o room 1o, ble orders work. Applyto Mr. Beaton, w._bets —— MEGHANIC llrn-m must hi perience in automobile shop. steel sash llfekl ORI ave some ex- Apply 1443 P st_n.w. lt%rlml,l‘l'l and -avfiusln: e r whole time: 207, commi Box sm D. ©. nent | poition. o’ righi o ! co.. 404 umnm nm white e for al-nnt “1.“:':%9 ann. Sachin- orning, 8:30, 3 857 pMonday morning, ack: Waldro MEN AND BOYS. lev:n mission. Between 10 an Tuesday. 3214 R. I ion: must _be Ex- race Dest, esurteous and -mfi: orker nouna Pirnace Go. 1760 "Col’” een 10 and 2 Monday. = s Iew “dollarsin vou time selling and seasonsble State age. lllo place en'mkny!lv i1 a dress Box 394-V. Star office. salary and com- on Monday and IO MATTER what Tiin mnnu Fasicy-Haipen, Dept. A-13 USINESS RGEST Plenest “quatits. qmenn Gelivers. biggest commissions. bonu pyrichted cuts gxperience “innecessary: outfit free. Wik- LENS. m-nx cn.ay e . G Candertu value. 51 et of ‘totieiries; 100 fit. Parls Laboratories, 3149 Locust, ne.p: ut T CaTared Tres cut serv ket oulfit on Tequest.” Arrow Fress, inn. SALESMAN, Sletensen; drag off truck;: sta SALESMAN- conversant with_household and nwn»n- trade. Room 330, Bond Bldg.. 14th and N. Y. z —'r-o whiriyin s Cones-Cooker and Gounter-Chet, het steamer and Eendwian griil $39.75 o mission: best and ci nm:fi:n mar: foun- MENT (D" 818 Der ¢ Drove make at Recetaaty. L week conditional to any man that he can y. Fisuragee " Gal a7, 18 Mourance Bide.. 18th Dest, Tellable, for vermanent work to .n'r‘v“ “ApSIY 314 District Nationai Bemk rict National Banl Blde. from 34, e MEN= Jou Want to “gel vour 208 Boussyola "sugoites yholesale. a wonderful chance to make 1 ‘profit 2 Ry CTena your name. immedistery. experience necess: Albert Mills, T Monmouth. _Cinein; Ohio. MEN—_] le, tholic willing to llln ll 330 weekly with neel- b’ o Framenel Js Irichnd i 6, S | MEN ND BOYS to seil ice culm teady | work year round: good BIY 0 Il‘h& Avnlv at onu 903 N. Y. MEN—I{ you can sell. we hl'le . N’flboliufln of interest to you on 'hlth .MI‘ fln l.ke X u.l:lu!fl = ulu mlnuen “wa geaier and loml T trade, thnl:lh y class; ng very novel ri and ‘Boential sales. % COMPANT. e cm Yo BALESMEN. representing national manufac- turer selling ucxeu, checks to urants, Ts “cluibs. busses; Liberal commission. u- 1iott Ticket Co. . New Y Take quick. AL GREEIING co. 305-W, Adams, Dept. E-S: Salesmen to represent a national eon:em selling uower plant and in this territory. Have five years Vraveline saies. experience and own sutomo- bile. Uplimited ‘opportunity in protected ter- Large remuneration: excellent chances Acau htance with indiss i d_engineers de- dbonded, sed tions for over 16 year personal inter- m- &ire, 4 4 past experience. Address % 394-V. Bar figur fary ‘With unusual opportus ment in world-wide organization for man ith tact, initiative and willl responsibility: eive as phone, ‘ete. Ade - Compounded Semi-Annually 00O | 5 Money Available for Mortgage Loans tious handling of TRUST LOANS. mHIS office enjoys a reputation for the expedi- consideration—with a report as quickly as is con- sistent with good business. And when approved the money is ready and waiting. Applications will be considered for loans on apartment house, residential, properties — in Wash- ington and nearby Maryland and Virginia—for 3, 5 and 10-year pe- business riods—and at RANDALL H. HAGNER & COMPANY MORTGAGE LOAN CORRESPONDENT ./l(;l Zork, yfi .,‘Jmflw ?f(’fl%flfl}' 1321 Connecticut Ave. FIRST H H £ applications for FIRST They are given prompt office building and 5 1/, % Decatur 3600 \IORTG A(,]-S filmmnnmu w32 who hi n Gepartment. pia Our men know of s 8 perience. addre foos | )o 84 BALESMAN vieinity. Excellerit income for right Hodskin, Monday. 1635 Conn. Capabile i Closine. dieer ludl i . Bee Teal estate.wanied by Teal oodridge. New houses for opportunity for experienced Rhode Island ave. ne. SALESMAN who Tas Tollowing with Rotels, cafes and institutions. by successful hotei supply company. dealing in “meats. poul butter. egs st be_produce: aualifications -nd xpected: an”ap: ic held ‘Address Box °Btar offiee.” 5 rienced automobiles. SALESMAN, _expe: for popular-priced car. Address Box 314-V, Siar office. al in answer. can form mife- Tepresenting nationally ash Iti: more, selling old and well bulk cleanser and soap 108D! idings. apartment houses, muuunm ete. Only sprlicants considered Who have e _previous experience selling _inatitutional trade such products coal. brushe: ete. Wholesale grocery lnd exunenud s0ap esman need Only on ancy. Good limited opportunit age.. experience and phone. -v. Star_office. oute; salary and St experience and Mdrm Box 378-V. Star office. * Tecessary house Room 2 e oli 03 Ay ST "\ slectric hot running waler heaters at commissi its_all fau Keatiny st n. accentu oy plus, un Ndress B8 8] -,u suitomoblle o o0, wititon Hotet, 516 u st t Enow city” tho bri ankiin L t legible ,-‘rm AM TABLE SERVERS_Must know bow carve meats. Hours, 5 to 7:30 c-u etween ¢ and "1 Bunasy mornm, ice. . 5 atendy work. wood pay- | qus oW and reference. Address Box 3 ice. YOUNG MAN, married preferred, operator's permit and mechanical tools essential. not afraid of hard wor 00d _ opportunit Give phone number and references in lei- ter. Address Box 35 Btar_office. M Out of Work—Who Will Work. Here is a chance for you. Because of & promotion of some of our men there is opportunity for you. e need six men to flflu these 0 on possible if you -ork with us. s we teach ! or a dreamer of dreams, but 8 wondertul o;:nurmmu for a go-getter. We_hav Iks of life on our “pay mn_fu-chex bt ers. doctors, mill and Illorr en. lflhln Are tired of the nundnun and the duH rolltll::"ol your ‘present job and do you 4= to Rooln im Hil Bulldln corne Ask for Mr. Spoore: o "tfll - KEL!—WOHIN to_iearn be uty culture fi Roby 1363 ¥ GIRL_General _housews children; no Sunday work. R, oF sfter ¢om.eh HIGH-SCHOOL GRADUATESTo ten voung indles we are offering an opportunity to connect ‘with one,of Washington's most gressive firms. This is not a selling pos Hiom: but one which offers o real futtire and Bavs well to the lady who applies hersels must be of neat appearance and furnish g‘od character Teterences. | ADDIy at onces — i Miss Vost. | care Call before B st. ne. the 5 experience eeunu B\ult hl'! e Loan & Trust Bl d s “m 55 ienced. to work on laundry. See Mr. m., 1103 Vermont experienced for_d: delic Yoo Jthst. "ne.” (4th and ‘Rhode Teland g | ave X nl character. With or “without ex- re lence in ssles worl take lshed " clientele: & ork. We hi Need 28 'or over: Unree of these Iadies wil b offered permanent posit Apply Roor st. n.w., after TORS. colored, Service La urs, 85,0008, Bervice indty G0, Bladensh PRESS gflm 'mu Band ironers. ex- only: good Mr. ‘ashington Laundry. ith a ;e not nm“f state meanent positions to d 126-V. mu.:swounhaeu rifcle. Apply Room Tving. household T 35°Bond Blds., 1sth SHIRT OPERATOR, Sxperienced onl. AP 3i7, M, Barey, Washinsien lasndry, SR an SOFRANO, Prowestant, 18 1o 2 1o alto: popuiar and classic music. 13, Col. 2520-W. STENOGRAPHER AND. gxperienced and ul;-ble. Call u!l- OMAN, whil ®ood character, for convalescent woman patient in apart- ment; references. Address Box 101-V, Star Utd Plece Dye Wks (2).. 24 Wesson Ol & Snow (2). 22 Utd Plece Dywks pf (% . 104 ¥ S Distributing. U S & For Sec. 23% 23% 104 104 22 % 55 B5% + % 95 95% + M 102% 106% - 2% 110% 110% + % speculating. | s 21 "And yet, the paper profits we made in | 107 102 that hysterical market were not kept.| "jo 6% d we would be better off today if we | 1, ¢ had never entered it. In the first place | %% 56 9614 . 106% LET US SHOW YOU the advantages which surround in- ‘WOMEN AND (GIRLS to sell personal and commerclal printing, duotone and colored Dot Cards fof advertisiat Burmosee: exquisite Emas cards: commission bagls onlz: whole opening Large corporation, n?-nd ng, has opening les_ex- r an who i il Tooi eiter "his_ posttion urmlnenuy perience helpiub but 82 basis lnen there is never any hurry about in- esting. The lnecumm‘ often has to| mlke quick decisions, but the investor can take his time. In fact. if he is to sucessful he must take time. He must tain all the facts, or all the facts that are obtainable, before he makes a com- itment. m’!‘o be sure there Ll;l:m‘clenfly defl.nle.d W vestment and specul mum hlgerel::psmu good & distinction as can be drawn is to say that the motive in investment is to nrm-tde income with safety of principal, and the motive in speculation is to make a p—om by fluc- tuations in prices. It is nothing against nn investment that it has possibilities of price enhancement, but that is not first thing to look for. A snecuhtor the first never objects if there is a return on the security he is carrying in a speculative account, but the return is a secondary consideration. Now, no‘one can be as- mred of continuance of income on an t, nor of the repayment of the | vrln at maturity if it is a bond, or e originally eid i I 1 A S10K, the price ly pal a sl unless all the data pertaining to the issue concerned are gathered and pa- tiently studied. If we lack the facilities to do this for ourselves we must find | some one to do it for us, and even then ‘we ought to check and recheck the data before we act. 1t takes a long time to earn and save. ‘Why be in a hurry 1:: :l;fl.'l therpme;da for us' o 10 some, gne S 4o Trinity College, Dublin, students re- eently named a burlesque on the‘rlrn 90 30% 50 10% 33 5% 24% 3% U S & For Sec pf (6) U S Freight. U 8 Gypsum (1.60) U S Hoffman. . 7 S Industrial Alcohol l.nunrvrv( . pe & Fdy Ri Rubber 1st of. Smelting & Ref (1). 'S Smelt & Ref pf(3%) 8 8 P 8 S R s El 8 Utll Pwr&Lt A (ufl ll). % Vadasco Sales. Vulcan Detinning (4). Wabash RR. Wabash RR (A). Waldorf System ¢ Wi SEexe” R #s¥F FREFSES (R B = S (A RSy 1445411 I+ll|ll l“-l“ West Penn Power pf(6). 110% West Penn Power pf(7). 119 0 Wiicos Ofl & Gas. Wilcox & Rich (A) 3%.. Willys-Overland. ... Willys-Overland pf (7) Wilson & Ce. Wright Aeronautical... Wrigley Wm (4). Yalo & Towne (2) Yellow Truek & Coach. . Yellpw Tr & Coach pf, Young Spring (3).. Youngstown Sh&Tu (2). Zenith Radio. . Zonite Prod Corp stven 30% 2! 1 Dividend rates 117% 117% ~ 1% 26% 8 above table are 29% 4+ 3% are the annual in cash mulh based on the latest quarterly or half-yearly decla- = m% less than oy nufl.““‘lll .T.’."hm.. vestment in our 6% FIRST MORTGAGES The security which your principal will have is in conservatively ap- praised Washington real estate— private homes, apartment houses, And how liberal the 6% inter- est is—definitely and continuously paid throughout the life of the mort- Ower a Third of o Century Without a etc. gage. May be purchased in amounts from $250 up. F. National 2100 THERE SAUL cCo. 925 15th St. N.W. IS NO SUBSTITUTE FOR SAFETY . o1 or _advance, 10 executive position. ~Address Box S35-v. Star A NATIONAL BANK —requiresthe services of several men from ages 25 to 45 in its personal service department. Men’ selected must have excellent personal and sales records, character, appearance and references; permanent connec- tion, future and excellent earnings assured the right mes. interview by appointment. Mr. Burness, National 9115. REFRIGERATIO: SALESMEN. Fine opportunity to sell Norge Electric efrigerators on easiest terms yet offered. The plan yoy have been waiting for to increase your sales. his sales plan is sponsered by our best Washington dealer whose sales- men_have been notified of this ad- vertisement. For details— See Mr. Lane, Between 9 and 11 A.M. Monday. COLUMBIA WHOLESALERS, 1459 P St. N.W. JULIUS GARFINCKEL & CO. Have an Opening for & BUYER OF ERY & ENGRAVING experienced in thls Phone STATIO vl Courteous | TEA Box 389, Washinston, woun! as), married or siny e or part, refined em. Dloyment.” Address Box 41-v. Star ofice. s WOMEN for sales work, household ln‘ldn. {ested and approved by Qood .Inlfluul Address Box home can- '8, Bookkeeping, 1o : academic degree and ching expe Tequired. Ap- Dlx‘ ar ngnlmnen( sasant School for, Secretartes, 3313 14th st. n.w. LADIES—A number of e special ogue. B . educated. to lome Work, no canvassing, ‘WOMEN wEimtegp 2y S Jol, mpcnn e YOUNG WOMAN with apenal!y store experience as buyer for junior miss coats and dresses. Must have had buying experience. Apply Mr. Fisher, Frank R. Jelleff, Inc. CASHIER — With knowledge of bookkeeping. 928 F st. n.w. PRESS OPERATORS and hand finishers, experienced, for Tuesday and Wednesday eve- nings beginning at 5 o'clock. Elite LlundrEF 2119 14th st. n W, on