Newspaper Page Text
TV."" F0'T',!5r"; ; -, ,
THE WASHINGTON HEEALD, SATURDAY, MAECH 25, 1911.
WALL STREET HEWS
WEEKLY REVIEW OF TRADE
REALTY AND FINANCE
w " '3 JC"ME
Price Movements Uninterest
ing and Inconsequential.
BUT 150,000 SHAKES TRADED
Wcakncai in Copper Pronounced.
Btulneaa Extremely Satisfactory in
Bonds Early Wheat Options De
cline Sharply Money Enay Trade
Condition Indicate Improvement.
Dun and Bradsireet Show Conditions Generally
Improved Throughout the Country.
New York. March St There was little
for dealers In stocks to do except to
make comparisons between the current
period of dullness and other similar
periods and to -wonder if ever business
would improe and the market become
normally active again. It was tho dull
est day of .an exceptionally dull week,
with a total turnover of only liO.000
shares and price movements for the most
yart uninteresting and inconsequential.
Whatever tendency was shown in the
active stocks was slightly reactionary,
but the ranee at the close showed
changes little wider than at the close
csterday. when the average price of sta
tistical rails closed absolutely unchanged
and the average of the industrials varied
only a hundredth of 1 per cent.
To-day in most of the active stocks the
declines amounted to a quarter of 1 per
cent. In the coppers weakness was more
pronounced, and stocks which moved
counter to the general trend were Ameri
can Telephone and Telegraph and Mis
souri Pacific, tho former deriving strength
from tbo publication of an excellent an
nual report and the latter from the
progress in the selection of a. new presi
dent and the early beginning of the work
of rehabilitating tho company.
Bond Bnsinena Satisfactory.
In bonds, business was satisfactory, ex
tremely satisfactory, as compared with
business in stocks. More than COOO.OOO
changed hands on the stock exchange,
and the demand for short term notes
continued excellent. lne wheat market
showed a disposition to disregard recent
reports of damage to winter wheat, the
early options in particular declining
An official statement from the Standard
Oil Company to the effect that the com
pany was not considering a reorganiza
tion or anv change whatever in Its meth
ods of business was followed bv a de
cline in the stock to C5. as compared with
a price of CSS a few days ago
There was a dearth of other news of
a character to stimulate speculative in
terest Further details were announced
in the arrangements for close co-operation
between the National Bank of Com
merce and other big banks and banking
houses had been arranged, that satisfac
tory progress had befn made in the mat
ter of listing Atchison stock in Pans,
and that the report of a hitch in the
negotiations for the Chinese loan was in
correct, but none of thcie matters at
tracted more than casual attention
Money continued easy, and, though the
banks have this week lost heavily to the
subtreasury. no change of importance is
expected to be shown in to-morrow's
bank statement. The financing of the
April 1 requirements of interior institu
tions was said to be progressing satis
factorily The consensus of the weekly!
trade reviews was tnat though reports
from different sections varv considerahlv
conditions on tho whole continue to Indi
cate a moderate advance.
New York. March SI. R. G. Dun & Co.
to-morrow win say:
"Although reports from the leading
trades and different sections vary con
siderably, and statistical comparisons do
not show uniform gains, et conditions,
on the whole, continue to Indicate a mod
crate advance. It i3 noticeable that re
tail trade is generally more satisfactory,
and many of the important centers make
quite optimistic statements concerning
J the outlook.
"The remarkable change In the foreign
commerce situation by which. In eight
months, a balance of trade has been cre
ated in favor of the United States of
KnS,00O.0CO as compared with nSS.COO.000 a
j ear ago, the enormous total of Ameri
can credits obtained In Europo by rea
son of this large balance and the heavy
sales abroad of our securities: the sub
stantial reduction in the cost of living by
reason of the decline in price of articles
of necessity these are important gains
which must soonc- or later work for the
business improvement, especially If sup
plemented by ample crops.
"Conditions are certainly better than
they were a jear ago, in spite of dry
weather In the Northwest.
"Commercial failures this week in the
United States are 259 against 27S last
week, 253 the preceding week, and 235
the corresponding week la-t year. Fail
ures in Canada number 23, against 30
last week, 34 the preceding week, and 27
New York, March it Bradstreet's re
view of the state of trade to-morrow
will say: (
'Trade reports do not differ materially
from last week, and, while Individual
lines show some variations, business as
a whole Is quiet. For this tho long pres
ent caution in buying, irregular weather
conditions, tho late Easter season, and
tho increasing activity of the farmers In
crop work are all held responsible. The
volume of house buying is smaller at
most cities, and the returns from travel
ers on the road arc now the chief source
of new business at wholesale.
"Jobbers report the demand for some
time past to be for small lots for quick
shipment. Retail trade for spring has
not et opened up actively, owing part
ly to cool weather. At some cities price
reductions arc still in evidence to move
"Women's wear goods, notably milli
nery, fine dress cottons, and similar ma
terials, are quite active, and the advance
of the season seems bound to benefit
these from now on. Clothing Is quiet, and
the shoe trade could be more active. On
the other hand, the seasonal period helps
building somewhat, and paints, despite
the very high prjfcs of materials, show
"In the farming regions, implements,
fertilizers, and seeds are all active. The
lumber trade is irregular. The agricul
tural situation shows good progress, and
winter wheat is as a whole In good shape,
considering the low-conditioned start last
Stock Exchange Session Was
NEW YORK STOCK MARKET.
Quotations funnsbed bj W. B. Tllbbs Co.. mem
bers of the New Tor block Eicfcan;e. Oibbs Build
irs. VaJX money. 2V.
SALE OP STOCK BY HOCES.
Shares to K a. m... t35TJ
ShariH u il m fij,Oj0
fehares to 1 p m...... ...... to.i)Q
bharcs to 1 iu Q... 12S.00O
fcluns U 3 p. in. ISiOOO
Open. Hi- Low. Close.
Quotatio-s furmshed by W. B. Hibbs A. Crv.
ormbcrj of the New York Stock Exchacsc. Hibbs
Bay State Gas . .
Bntiih Columbia Copper .... ....
Cbicaco Subwaj ..
EJy Central .
ijiiroux Copper . ...... ......
Greene Canacea. ....
Intercontinental Rubber I.
Kerr Lake. ...
Mason alley ...
Mines Co. of America........ .
Nevada Utah M. A. S. Corp
Niptssic Mines Co ........
Ohio Copper . . ....
I lay Central ...
Vnitrd Copper . ........
United Copper pfd ... .........
Yukon Gold . .........-. ....
6 " 16 6 9-16
6 7 IS
1 U 16 1 13-16
3 13-16 3 13-16
NEW YORK MONEY.
Atch.. T &. S. Fa com.. 1S
Atch.. r. & S. To pfd . . ia.
Baltimore A. Ohio com ... 10J
B-ooklyn Rapid Transit. 7
Ccadian Pacific 1)
Chesapeake & Ohio .. .. &z
Chic M. . St. Iaul com. 1.3
Cue. A, N. S. com 1173
CoL A. South, com. .... 53
Ene com . . .... J
Great Northern pfd ...
Inter. Metro, coffi
Irter. Metro, pfd
Kan. City South, com.
L. Inh alley . .. .
Mexican Ontral ctfs
Mo. Kan. A Tex com.. .. S33.
M - 1' A S S. M. com. 11T-
Mivnun I'ariSe 51'
V C. A H R 10-",
l Oni. A West. 414
Norfolk A Western W"',
Northern Parfc I.W.
I'ennlrania ... .. . L9W
1' I" A St. L 'K'.
Reading mm. . .......... lTi
RocL Kland com . . 2-h
M. L. & b. I'. 3d pfd . .. 4.'
St- Louis S pfd . a
'wtiem Pacific com. . 1!T
Southern Ry. itfd . ...
Texas A Pacific
T. t- I AW. mm.
T St. L A . pfd.
Tnio-i Panne crra.....
1 rioo. 1'anhc pfd. . 91'a
Wu. Central com . . 67
AmaL Oipprr . . 63W
Am Beet Susar cum. .... 43
Am. Can. com . ..
Am. Can. pM
Am. Car A r'arodry com
Am Ice Seciruies . C31-
Am. Sm tins A R-f com. TiV
Am. Sm'tms A KiS. pfd W
Km. Sicir A Rcf. com . 119
Km Tel A TeL ItSH
(antral leather com ...... 2S4
Central Leather pfd 7H.
Consolidated Cas. V Y. . Hr
Crcat Northern Ore . 61Vj
Goldneld Consolidated.. 6N
Mackaj Companies.. ..... 73n
Natioral Lead com. Vi
Nerada Consolidated . 1SS
TaeHic Mail Steamship. ... cm
People's Gas of Chicago. . lVfi,
Pres.ed Steel Car com SW,
Railway Steel Spnmrs com. IP
Rep. Iron A Steel pfd. .. 97
Tennessee- Copper... .. 3T
r S. Realty A Imp. corn. 72
1 . S Rubber com. T
I S Steel ccm. T5
C S Steel pfd. ID
Ltah Copper . 4(S
a.-Ca Chem. era. .... (STU
a Iron. Ccal A CoLe... CO
Amer Tobacm 4s fi5r
Kma. Tohoeoo 6s 107S
B. R. T CTOicrt. 4s. .. MVi
C B. A Q Mint 4s... . 95,
Oil Rock Isl fc ras 4s. TSVj
Inter. Meto 4Vis. . 7ift,
Perm. ccnTert. 3Hs. D1S. 'VT
I ruon Pacific conirrL 4s.. 104"
U S. Steel Cd 5s. 105H
Ex dividend. 1 per cent.
IV.H loU IS 1-
WASHINGTON STOCK SLAEKET.
Sales Recalar call 12 o'clock noon
ro-omac cons. 5s JlOOOatlflO. JtOrOatrB
National Bank of Washtnston. 10 at 27L
ti i n Trust. 1 at 1114.
Tinted States T-ust. 10 at 113 10 at US.
Washington Railway A Blectnc 45. VI Off) it S6.
CO00 at S5S. J5000 at S5S. J10O00 at 854.
Washington Oas 5s. JS0O at HO'i.
Wishinon- lmnia Railway com . 10 at 364.
Washmjton Railiray A Uectnc pfoU. 50 at fSSL
FoUokIpc ire the bid and asked prices posted
t yesterday meetinc of the Wasbccton Stock
ll"4 116" 117
23H CSV 2v
i - CT,
ft"3 V4 4
New York, starch Ct Tbe time money market is
unchanged, with ratos quoted at 24 per cent for
fcrty days. CV for nmety days, and iiSU for four.
tSte. and six months. The demand for funds is
extremely Usht. and banks ar tietng foreed to seek
other employment for their money
Commercial paper is on a 3i,at per cent basis for
the- best names, but some houses aro able to com
xnand 34. while, en the other hand, some hare tn
placo their paper at 4S. and -ren 44 per cent. Tbe
supply is easily ahtiirbnd. however, and the market
is easy in tone
London discoonta, 25-16 per cent, xmchamred
J'ans discounts. 24 per cent, unchanged. BerlUa dis
counts. 34. per cent, nnehanrd.
BOSTON C0PPEK STOCKS.
Quotations furnished by W B. IIibbs-A Co , mem
"bers of the New York Stock Excharcc. Hibbs Build
tnc Bid. Asked.
Advccturo ........--..................... 5 54
Bohamia . CI 3
Butte Coalition 17V, U
Oalcxcet A rrorn SO 504
Calumet A HecU , ... ISO 411
Copper Ranse . . . 634 61
tjst Butte 124 12x
Franklui -- --- , , 0 V,
I Exile. . 4 44
Mason alley . 8" 9
Mercrathaler ........... 216 217
North. BuUo . 2SV 2
North LaXo .. , , 6 6U
Old Dominion... ........ 3a4 394
Osceola . 108 110
l'arrott 11 12
Shannon ..... ........ 10s H
tSouth Lake SU 51,
Banner A Pittsburc . II ll
Swift JOOH 101
I-ae 3414 35
Tamarack , 40 41
Trinity . . . 4 4'.,
J'Uh Cocsohdated UH ijv;
'tTla IV, H.
oltenne v nz 115
I'tuted luit mi, isci,
WEEKLY BANK CLEARINGS.
2s. repstered, 1338
2s. coupon. 1330 . ..
3s. remabired. 130S-1S...
3t coupon. 13G6-13 .
4s. registered. 17J -4s,
coupon. 1323. ..
. 101 101
Georgetown Gas 5s .......
Washirston Gas 4s ...
Washmctoo Gas Ss. ..
Captal Trartion 5s
Anarrwia A Iotomac 5s.. ..........
Citv A Suburban 5s. .
Colurrrea 5 .. . ... ..................
flumNa 6s. .. . .
W'ashinston Railway A Uoctnc 4s
111'-" til. M-.OUS BONDS.
Totomae Wectne pons. Ss W&
Potomac ElectTV- Llsht 3 . Ws
Chesapeake A Potomac Telephone 5l lOGH
American TeL & Tel. 4- . 106
Emeron Steam Pump 6-. .......... s5
Wa-Aisston Market Cold Stcrajo S.... W
PLBL1C L'TIUTY STOCKS.
Capital Traction. . . ... 1254
Washington Railway A Bmne com... . 3n
Wasninston Railway A Klcdnc pfd. .
Norf'ilk A W a.,hiEton Steamtuax. .
Washington ,itn. . ..... .... .
.r7riown Ga.T . . ...... .... 67
American Tel. A Tel . H
Washin;rtTn- irzima Ra.lway eora. . . 3V4
W ashinton- irsmia Railwsy pfd 654
Til'r. MVCII1NE STOCKS.
Mersenlhaler Ijnotype. 215
Lanstoa Monotypn.. 33
Greene Caranea -. .. 6-1
NATIONAL BANK STOCKR
Arrenean ...............M. .... ..li3
Citv National Back 1TJ
Commeraal ........................... rib
Farmers A Mechanics. "270
Uncojn - 133
Second . .... ................... Lt
National Back of Washington . 270
TRUST COMPANY STOCKS.
American Senrry A Trust 235
National Sartors A Trust.. 225
Prion Trust.. . . 1134
Washmston Loan A Trust. -. 210
United Stales Trust 1174
SAVLN'GS BANK STOCKS.
Merchants &. Mechanics.. ... . . 1C0
Union . 23?
Bank of Commerce. ..... 11 H
East WadUEirton. ............... ....... 124
Prondent ... ... JSc
l iltb l.NsbllA.V E oTOCKS
Comrrercril ........-............ 6
FNjcmen'a ....HM..M. ......
Prankhn . ................
German Amnncan ...-. 2C0
National Umna 74
TITLE INSURANCE STOCKS.
Real Estate . ... 81
Eme-son Steam Pomp 13
Merchants Transfer A Storass. lh
Security Storaje 209
Washincton Market. Is4
NEW YORK PRODUCE.
Panama Canal 13-30 2s. res'd. 1336 .
Panama Canal 10-30 2s. rrsd. 238...
New York. March 2d. Closins quotations of rsisccl.
American Hide A- Leather 6s.... 3S
American Telephone A Telegraph crt. , 103
American Tobacco 4s. .-. f54
Atchiam, Toreka A Santa Fe crt. 4s. 10OS
Atlantic Coast Llne-b. A N. 4h- .. SI
Baltimore A Ohm cold 4a. . 5S4
Central Leather 5s . T
Chicasn. Buriinston A Quincy Joint 4a.. ..... 56
International Steam Pump 5s .........w. 33iH
Iiuisrilla A Nashnllo ucifirtl 4s ......... 934
Northern Pacific 4s . . --- sr
Paafic Tdephone A Tdes-aph 5s..... 9"n
Pennsylvania 34s. 1312. ....... 934
Readies pai. 4s. ................ 37
St. lnui A San 1-Yancisco rfs. ..... si
Southern Railway 4s. ... rat
Imon Pacific 1st 4s -............
United States Steel sinkinc; ftind 5s.. .........
Wabash P. T 1st 4s (Central Traction .dfs,)..
Total sales, J2J01 UX
At the besmnlnc cf business yesterday the eocdi
tion of the United feUtrs Treasury was:
Wortlnr balance m Treasury offices . .$23,317 911 10
In banks and Philippine treasury 31.836.103 65
Total balance in ceneral fund. S3.265.S5 32
Ordinary receipts. Is109324!
Odinary disbursements 201.195 70
The deficit lo date this fiscal year is $3,007,308.13,
as against S3). 150 417.22 at this time last year.
These figures exclude Panama Canal and public
New Yrrk. March 3. BUTTER Receipts to-day
5 440 packages. Tho marcet is weaker. Creamery
specials, per lb., 25, extras, 234, firsts, a; process
CHEESE Receipts bxlay. 1093 boxs. The mar
ket 11 unchanged, btate whole milk specials. 16,
fancy colored September, 11, skims, special. 11,
skims, fancy. 94
EGGS Receipts to-day. 32.135 eases. The market
holds steady. State. Pennsylvania, and noar-by hen
nery, white fancy. 3 do . brown fancy. 13; frcsh
saiherod selected extras, per doncn. IX
MTLLFEED Flat small bosmet. Sra-ins bran.
25.75 standard middling. 25.50, Weste-n red doc,
2iC5; mnlir wheat tran. in 100-rund saris, to ar
nve. 26.40 city bran, m bulk. 24.60.
OVTS Steady, dnll trade. N'o. 2 white, 37; No. 3
white, 2?: standards, Zfi, elevator basis; white,
VTlUR Steady. modTato inrjurry. Kansas
straights. 4 40ai.65. in sacks soft strairhLv 4.00a
4.39, in barrels: mrc patents, 4 ffti5 40. in barreU,
spring dears. 4.10a4 25
RYE FLOUR Strong; fair inquiry. Choiae
brands quoted at 4jrUt.R0.
CORXMEAL Dealings moderate. Kiln-dned. for
expert. C.70a2.73; coarse meal. In bags, l.llaLll.
H 4. X Receipts, 9M tons. Steady; Inquiry is in
active. Quotations are: Prime timothy. L124&L15;
No. I, 1074aJ10; No 2. D74al.00: Na 3. T5a80.
STRAW Receipts, CO tons. Steady; light trad.
Long rye quoted at 50a83.
BEEF Steady; moderate dealings. Packet, 14.03a
15 01), family, 16.00alfi.50.
PORK -Steady: quiet trade. Mess, a.50s2L15;
I.4RD Weaker. Pronr' Western. 9.15; dry, 8.60;
refined continent, 9J3; South American, 10JS, re
fined Brazilian, in kegs, 10.25; oleostcanne, 7
lard stcarine dull. New Ycrk. IX
LIVE STOCK MARKET.
New York. March 24. Bradstroet'a bank dealings i
'" toe Lrnwn states xor uio week rrwitn- Maxch
Qootatloos furnished by W. B. Hibbs A f.. mem
bers of the New lork Stock Exchange, Hibbs Build-
March 23. Inc. Dec. March IS.
Jl,6a6.076,0Q0 ...."134 $1,811,125,000
St. Louis. ....
Baltimore 3O.84L000 10.8
Cincinnati 24JD6.000 10.2
innneapolis . . HjiSfitti ..
Oereland 1500.001 2.8
Lordsville . 1S.4S2.O0O Jl -
AUinU . 1US1.000 10.1
BJchraond, Ya. 7.463,000 ...
Washincton, D. O. 6.731.030 6.6
Savancah ...... 3.937.000 0.4
Norfolk. V . 3.223,000 1S.4
Jacksnornie 2.836,000 23J
Wheeling. W. Ya. 1.C16.000 .
tTonstoo O.6SL0D5 ....
Ealrattoa , 14717,033 EJ
York, March 2L Tory's cotton market
was strong, but inactive throughout the session.
Influences most nnder discussion related to sta
tistics and the Census Bureau's report proved a
strong argument in favor cf higher prices.
The report made the stocks held in America
by spinners, farmers, and in warehouses on Feb
ruary 28 last to be 4.024.927 bales. This compares
with 4.42.606 bales held on the mica ponding date
of 1310. From this report it appears tt not
withstanding curtailment and unfavorable trada
conditions American sranscn hare used up 400.009
bales cf their stocks daring that period, though they
have probably taken 170.000 bales less from the
world's supplies since September 1 last.
The amount brought in sight from farmers hands
daring the week Is 90.314 bales 1 gainst 11226 bales
last year. Sptnoerr tilings curing the week were
CS3.000 bales and the world therefore lost from Its
visible supply of American cotton about 10.000 bales
during the past week.
Notwithstanding the favorable news of the day.
the market mads no dlsp'iy of active strength.
New Ycrk, March 24. CATTLE Receipt!. 2.430
head. Steers in limited supply and firm to 10c
higher; bolls and cows steady to strons. Good to
choice sUrra sold at 6.25a6.70 per 100 pounds; bulls.
4 75oo.50: dreved beef slow at 9"aHH for round
for r.sliro sides; cows. 2.495.00. Latest cables
quoted lire- cattle in London at 13Hal4. dressed
wcigut. Urrrnonl cattle market firm Exports t-
morrow irom tnu port S6j beeves and 2223 quarters
CALVES Receipts. 336 bead. There was a rmA
demand for the stock and prices were firm. rWTt2nm
to prune veals sold at (UXhSOOO per 100 pounds:
ctius. t.an.1 no. uresseu calves were in demand and
fira at II for aty drrucd reals and for countn
SHEEP AND LAMBS-Receipts. 6.178 head.
Sheen were in light supply and steady: lambs
steadier. Common to prime sheep sold at 6.00aT.r2H.
lndudmg a few1 dipped lambs, 6.00; yearlings. 6.00,
Dressed mutton slow at Eal9 per pound; dressed
lambs at Hal2. with hog dressed selling in a pn.n
way at I2Hal3: country dressed hothouse ih
steady at 4 07 fa per carcass.
HOGS Receipts. 2JSS head. Pncej lower, xnO.
rnedhrm to light nogs selling at T.TO-per 100 pounds.
Coantry dressed hogs steady at 7a per ponnd.
BALTIMORE GRATTf MARKET.
Baltonore,'March 21 WHEAT Strady. Spot and
Kirch, 52 tad; April, S5; May, 93 asked: July.
CORN Closed easier. 8pot and March. 49;
AjtO, a; May. IS asked.
UATU-4joM. Ma x wfcltav, 38 assisd; - '
Only on after call was any appreciaijlo
activity developed at yesterday's session
of the Stock Exchange, and the whole
proceedings showed practically no real
A small skirmish developed over
another offering of Bank of "Washington
stock. These shares have been coming
Into the board for sale for the last two
weeks In small lots. Tho offering yes
terday was at 274, but despito efforts to
draw forth a better prico the buyer main
tained a uniform bid of 271. at which
mark ten shares were sold.
The fact that there has been an addi
tional issue of more than $100,000 of Po
tomac consolidated os tends to keep
the prico in theso securities around
par. They arc now being offered at
100. with the bid price steady at 3914,
but as theso bonds are held largely in
this community any disposition to make
any fair commitments for investment
purposes undoubtedly would call for a
Railway 4s were traded In to the extent
of $20,000 with the price varying from S6
for a singlo thousand to for round
Tradings in Washington-Virginia secu
rities were ulthout feature. Common was
strong at S6.
Railway preferred was strong, coming
up with a good front and selling at 8S
to the extent of 50 shares.
Georgetown Gas attracted some atten
tion, following an advance In the bid from
d to (77 Th proceedings were Inter
rupted for a time by a discussion ancnt
tin. io3slbilitles for further advancement
In the stock, in the courso of which one
of the debaters expressed the opinion
that there was no stock to bo had. A
biokcr on the opposite side of the dis
cussion thereupon offered 100 shares at
10. but there was no taker.
Associate Justice Charles E Hughes,
of the United States Supremo Ctourt. who
recently purchased from former Senator
John R Henderson a lot on tho corner
of Sixteenth and V streets northwest, as
the site of his permanent residence In
this city, has made another land pur-
base. Tho Now York jurist has bought
from James. V Rtddlck, jr . part of
the lot adjoining his property on the
outh The piccp of ground obtained from
ex-Senator Henderson is on the south-
Rest corner. The new purchaso will
ge a handsome frontage on Sixteenth
rtr'ot, and make possible the grounds.
shrubs, and lawns of which both Jus
tice and Mrs. Hughes are so fond
The permit for the Woodward building.
to be t reeled at Fifternth and H streets
northwest, was issued at the District
Building estrrda The permit allows
fo- a steel frame and marble ofTico build
ing, eleven stones high, to be put up at
csumtten cost of jrvyw. Harding
T'pman are the architects, and F T
..ehit & Co the builders
fndor tho nimo or King & Fill. Charles
W King, Jr, tho well known Ioc.t.1 hnilrl.
Under U. S. Government Control.
This Bank Will Assist You
most materially in your efforts to secure a
Any amount you may have -will enable you
to start an account at either of our banking
houses, and we will increase your deposits by
crediting your account with the most liberal
rate of interest consistent with sound banking.
Corner 7th and Pa. Ave.
is a very conveniently located depository, with every facility
for properly handling both SAVINGS and COMMERCIAL ac
counts. Get a start here and GROW with a GROWING BANK.
Open Saturday Nights
From 6 to 9 o'Clock
Central Ilrnnrh, cor. Tth A. Pa. are.
Per Annum Interest
Paid on Savings
E. Quincy Smith President
S. W. Woodward V. Prcs.
Wm. H. Lynn 2d V. Pres.
E. Floy Cavcrly Treasurer
W. Reginald Lewis . .Asst. Treas.
J. N. Thompson Cashier
George P. Foster, N. A. Merritt.
Henry J. GoodmanFrank P. Milburn.
George H. Harries, Joseph E." Ralph,
Samuel SI. Jarvts. A. E. Randle.
Wilton J. Lambert, F. L. Siddons.
Lee D. Latimer, John B. Sk:man,jr.,
A. E. L. Leckic. E. Quincy Smith.
W. H. Lynn, M. A. Winter.
S. W. Woodward.
UNION SAVINGS BANK,
HEAD BANK, 710 14th St. CENTRAL BRANCH, 7th and Pa. Ave.
Regular hanking hours, 9 a. m. to 3 p. m. : Saturdays, 9 a.m. to 12 m.f and at CENTRAL
BRANCH Saturday nights from 6 to 9 for DEPOSITS ONLY.
Open on 1st, 2d, 3d, 16th, and 17th until 5 p. m. for DEPOSITS ONLY.
cr, and Arthur I Fill, a prominent real MONEY LOAXED OX DISTRICT OP
estate man, have formed a partnership Columbia property at lowest rates. Quick
in a new real estate firm The offices will I service. Moderate cKes.
xac.iaivE.Ljai cc .iici.E.vAVf
be located In the recenUy remodeled
building at 320 New York avenue.
Contract aggregating , $17,000, 0C0 for
new rallroid construction were awarded
yesterday by tho Grand Trunk Pacific
At the name time tho Grand Trunk Rail
way announced that it had bought 40,CaO
tons of steel rails from tho Sidney (Cape
llrcton) MilH. to rep! ice parts of track
In Western Ontario The order amounts
to more than Jl,ftX.fO0
At the organlzaUon meeting of the Pre-
pament Car Sales Company. , held yes-
tcrdiv, the follow inc. directors and offi
cers were elected Duncan JlcDonald. of
the Paj-as-ycu-enter Car CorporaUon,
1(03 H street nw.
. EEAL ESTATE LOAHE
Made at Lowest Itatea of Interetrt.
W. H. WAIKEE, 729 15th St. N.W.
president; A. H Englnnd. of the Electric
Service Supplies Compiny, !cc president:
Harold Tinwntrpc. of the National Pneu
matic Company, treasurer. J. B. Bur
dette, of the Pay-within Car Company,
secretary . Thomas W Casey, of the
P-iv-as-ou-enter Car Corporation, gen
pnl manager, and W. D. Baldwin, of the
Otis Elevator Company, and R. L. Mae
Dutfic, vice president of the Railway Im
provement Company, directors.
The Safest Investments
Air tbua tbit do sot fisetrats dmisc d!
tmtgd condition of th mootr or stock mu
kcti First drrd of tnst notes (flnt mort
gages), well tccorrd on ml estate in tha Di
tnct at Columbia, consulate "tilt-edf" in
vestments. Thej do not depend upon tbe
fiuxcui rcKponsibtlitv of isuirvinilj or cor
pen tions for their stability, and are exempt
from taiation aa personal propertx. can
sapplj audi inveHtmenta in anjocmta from
$500 upward. Send for booklet, "Ccocoxinj
Loans and l3Tet.trr.Hiti,
Swartzell, Rheem &
727 15th Street NoithTTe-rt.
Do YOU Know
That the Greatest Opportunity for an Investment Ever
Offered Is Now Within the Reach of a Few
All Washington Is Talking of the New, Magnificent
Royal Plaza Hotel That Is to Be Constructed
at the Union Station Plaza.
Hotels in Washington Have Always Been Great Money
makers, and if You Want a Chance to Get a
Good Return on Your Investment, We
Are Ready to Offer It to You.
Why leave your money in a Savings Bank or Trust Company
where you only receive 3 or 4 per cent when you can now safely
invest it and get a much larger return.
Only a Limited Amount of Stock Is Offered for Sale.
CALL, 'PHONE, OR WRITE
THE ROYAL PLAZA
Hibbs Building, Washington, D. C.
Telephone Main 7333.
.... OFFICE RS.
WILLIAM J. A CKER President
JACOB A. MITNA CHT Vice President
JOHN B.HYATT Secretary
F. C. BLACKMAN Treasurer
IartniiiiijIircsil4rtian. ' lJisZus&&iuaE
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