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. OVER 2,800 STUDENTS LAW? yt-ar'a ??'h ?** ?uarti >?>> rear's lla?e. vllf urtrrlli4. Malletla free. ACCOUNTANCY? Ur(t?l V. P. A. Ml uJ Oldest If*#*! 4 '**? llrirtr-Urultnf Pawera. Pra ?ur. fur (. P A. M MM'"" Stn ( Immci Ifehritarr I PREPARATORY? Accredited Baa la. Day ?vealBf Ur?l? High New Semester Group. DRAFTING? Architectural. |9 per ?aalh. Mr.ku.lcal. $S *rr ??"?<?; TcarUria, (ourwk. K^ul|>uir#? t neaeelled. COMMERCIAL? Or rgi llMrtkand. $3.50 per wo??h UoukkeepiuK. Type %% rlftHtf. Otker t ?urar*. Halletla Free. 1736 G St. N.W. Main 8250 Y.M.C.A. Ml LTON BUSINESS SCHOOL ilUUucttk* *uo<? ? ???*?? "? Md buaoiali?ua(iv? iMclirn.. Ill Ml? ?? M. W.. Tel. Vraoklla 19M. nov1ll*n)o,tftt-tf JH Washington School of Chiropractic 1116 F Street N. W. IHONK MAI!* l?M. A fully equipped school, incorpor ?.>d under the lawn of the District of Columbia. lurKe faculty of train ed teachers, all leg-al and state board requirements met, and stu dents graduated and made success ful practitioners. + Chlropiactlc with allied science* taught In two and three ye?r courses. leading to degrees of Doc tor and Philosopher of Chlroprae tic. A btintlunt lal>'jratory and clin ical work, with every guarantee of success to graduates. Only the best teachers and the ablest practitioners employed. Call or write for catalog and full In formation. Classes now enrolling for term beginning In January. The prentest profession 'of the age. Joe Shelby Itiley, Ph. C., IJeoa. Mr*, t.ertrude lluthrauff, U. O* Srerrtiiry. COLUMBIA SCHOOL of DRAFTING Roy C. Claflin, Pres. 14th & T Sts. North 272 Night Classes?Day Classes Individual Instruction Course in 3 to 9 Months Call or Write for I.ateat Catalogue ENTER ANY TIME I ' 1 30-Day Stenographic School. SHORTHAND TYPEWRITING Taught In 30 days. 817 14th ?t., 4th Floor. Main 2876 jal4-tf STORY TELLING STUDIO 1306 EYE ST. N. W. APT. 1, 2d FLOOR Do yen realize that a well told story la a financial nad noelal as net f We will teaeh yon to know anil tell (he heat children's atorlea a'ong lllbllenl. Kilueat lonal and Social linen. Trained at Trachwa' ?oIIckc, ? olumbla University, Wv? l'ark ( lly ESTELLE HOWES SMITH Wednesday iind Thursday Evenings 7 (o li P.M.?-50o per hour 12 l.raionK, 93.00 I?15 to StIR P. HT. Tuosdoy, Thurnday nnd Friday First Lesson ( ompllmentory. npiLLERY 9I0CT BUSINESS S ~ ATOCW1L SEPVlClb OOUPSES ^ e>7 .MM St M w vnon M 1SOS .- Jal-tlt /? 1 ?? EARN $3,000 to $10,000 a Year In the Profeasloa That Para Accountancy La Salle Extension University The Largest Busings Training Inatl stitutc In the World. Call, Telephone or Write for Illustrated Booklet Muin 7693. 752-8 Ml NSKY III IKi. OFKN KVKNINGH. Write Today?Tomorrow May Be Nerer. ^ _B K. OF C. KVBNINti KCIIOOL i *o-Bducat lonal and Non-Sectarian?Excep tional Courses of Study. Moderate Tuition Fees. Ex-service Men Without f'ost. For rroapectua Write 1225 Vermont Ave. N. W. nov2G-30t LAKE SCHOOL STKNOiiRAI'IIY \NI> TYPFAVKITINO TJo??t (bourses "-Individual Tun? ruction. 417-1" Southern Bldg. I'hone Main 7S19. SPANISH & FRENCH SPANISH SCHOOL OF WASHINGTON Native Profeaaora Convetsatlonal Method. Home Life Hid* . 16th and O Main (lift. jani-Mt SNORT. IKTENSIVE COtfRstS IN Accountancy Typewriting Spanlah Book kef j?ng Stenography F.rigltah (.KK(.(. A riTTMAN SHORTHAND. Da/ end Night. AND Short Civil Service Preparatory Courses. _ Individual and Clasa Instruction Inkw (LASS ENROLL NOW STEWARD'S Business College (Accredited) It 20? F Street. Msln l?71. JaMtf THE COTTON MARKET Fuiiiishod Th? WulUu|lM Timet b? N |? Caruaatsr A Co.. Na? Torn. llranoh of (TL?, Wowltti<1 UlUf . Herbert a Urwan. Ua nafar Naw lurk? I*r?V. Upen High Uk Cloaa Clvaa March Jtt.lH) 3? Mb i6 IW :?1 14 10 30 >la> 3*07 14 40 34 00 H.U 3t.3t j uiy .... 3a 10 a* a sa oo 3* ansa Dct 2?.W li# TO 2V HT M.M Dec -'W .16 tt? Sfi ?.'? SO .'W 3b -? 36 Nrw Orlraaa? 111) 40.00 40 60 40 30 40 30 3? TO March... 3T.60 %7 6T 37.HS *102 37 OS May 36 1H 3ft. t? 36.03 33 20 30 22 July 33.17 33 34 S3 03 33.1# 31.24 j Lift 30 10 30 14 30.00 30.06 30 18 1 LOCAL STOCK MARKET PUBLIC UTIUITV BONDS Bid Aaked Am T. * T. 4'a 10% T8V4 Am. Tel. & Tel. 4V4 ?.... 83 86 Am. T. * T. Ctl. Tr. 6 ?. 81% 83 Am. T. * T. ConvL . #?* ?#'4 C. ft P. Telephone 5'a.. 07 ... Tap Traction R. R. ft'a. 03% M<4 Oeorgatown Gaa lilt S'a 94 Metropolitan it. R ft'a.. 93 ... Potomac lilac. Lt. ft'a.... 94 93 Potomac Elec. Cona. 6'a. 87 MM Pot. Kleo. Pow 6'a 92 94 Pot. Elec. Pow. O-M. O'a 90% 98 WaHhtnston Oa? ft'a.f. (Mi s9 Wash. Ry. ft Ulec. 4'?.. 67 BH'/i Waah. Ry ft K. O. M 6's #0 81 M18CKU.ANKOUS BONDS. D. C. Paper Mf*. ?'? ?? RIkks Realty 6'a (l<ons) 90 93 lUKua Realty 6'a ((hurt) 92 .? W. M Cold Storage ft'a.. 92 PUBLIC UTILITY STOCKS. Amer. Tel ft Tel 97% ... Capital Traction 88 % 89 H ? Washington (las 48 40 N. ft W. Steamboat 190 ... Waah. Ry. ft Elec. com. 19 2ft Wash. Ry. ft Elec. pfd.. 63 66 NATIONAL BANK STOCKS American Nat. Bank.... 172 186 Capital National Rank. 19ft ... Columbia Nat. Bank.... 176 ... Commercial Nat. Bank. 179 188 SPECIAL NOTICES ? < THE CORCORAN GALLERY OF ART % Will be closed until fur ther notice for the pur pose of reinstalling the permanent collection. 28 >1 \TTIN<?I.Y ? IDA HO ( Ol NTII-. No. 1. D. of P., Improved O. R. M., will hold a special meeting Monday. January 28. ?t 7.30 p m.. At J2? 12th ?t. 8. E.. to make arrangement* for the funeral of our late niater, Grace K. Mattlngly. E. 8. I*RAG? UNIER. Pocmhontaa. ' 2?# MONEY WANTED & TO LOAN XONKY'tcTToAN?IU0 to ?5?0.0*0"on_D. C real fatal*. Several trust funds. All transactions conducted wtth economical consideration for borrowers. WM. H. SAUNDKR8 A CO.. Southcra Building, 807 16th at. N. W noSB-fOt MONEY" TO WAN on real estate: lowest rate*; prior payment privileges. Iar?e amounts. TYI.KR A RUTHERFORD. 817 15th at. ae:Z-?0t DANCING Prof. Wyndham, 740 9th St. N. W. Fr. 4098. Up-to-the-minute all dances. Sum mer ratea. Oet the beat. Lady aaaiatanta. Jal4-9Qt You Can Learn to Dance at the RIGHTWAY HCIIOOIs OF DANCING, 1218 N. Y. ave. (bet. 12th and 13th eta.) Jal3-#0t GM)V KK, 613 22nd | priv. I?? any time, 75c: class Tuesdays and Fridays. W. 1129. HUlO-tf 10 A. M. ?? 10 P. M. PRIVATE AND IN CLAII C?l. im MOVING, PACKING, STORAGE UNITED STATES STORAGE CO, FIREPROOF WAREHOUSE MOVING?PAA'KING?STORAGE ?'boar Mala 4Ct? or Franklin 2433. ESTIMATES. 4IMil> IQU Si. N.W. SPECIAL RATES TO PHILADELPHIA On lloo??>hol<l <??ods, Jan. I# to M. TUB BIG 4 TRAN8KBB tO., lac., 1044-IOM ??th St. N. W. rhone W?t 1M1. II STORAOBcl MONTH ROOMS *1aND UP. Lone Plstanoa Moving. >ackln? by Kiparts Best facilities for automobile Btoracs. North 104. Union Stornf* Co (???? FLA AVB. W. W. 411 m MT ti. *V. HAGGAGB. fmHun, piano morlac. local and suburban hauling; rood aarrtca. Home. liSl 16th at. nw.; stand. Central Market. Phone Wat 107A dalJ-Mt CI.KA\ dry (tors,* 'or fwaltare and ulanoa. Estimates cheerfully (Ivan. WBSCIU.KR'a ??* Pa. are. M. W. Pboae Main 1111 Waahlnstoa BIO BalllMn 4 TRANRFEn CO., IMC, Padded Motor Van, For Local and Loi| Dlatanoe Marias. Whit. Man In Char*a. Free Fir a Insurance Whtle la Transit. First Ciaaa Service and Setlafactle, Guaranteed. I#?4-K 2?tb Be N. W. Pbone W.St 1141. Philadelphia Maw Tarn. UmT PIANO AMD POmMlTVBI MOVBl'., AN1) DAUdAOl TRANSFHIL LOCAL AND LONG DI8TANCB UU1CK ? BMVICB RtABONAHLK PRICB. ? MDI.I.KN H TRANSFER >?11 tth at. N W N til*-J "MOVING Phone M. r,I*.tall KREIG'S EXPRESS. ' ltt< H st N W ITORAOr. I'ACKINO AMD SHIPPIMOl Smith's Trassfcr i Sloraft Co. Pha IVfTth U41-II4I Tmp Fnmltnra ImvmI Krw ? For t.%4H) ? Per l~*d I Modern Fireproof R?IMIn|. WKII* i ?botif Jmm.. I, lit*. Ow Xmmm WALL STREET MARKET NKW VOKK, Jau. at.?Although ?uui< iiucki made upiami at tha opening of ths stock market today, lit* ton* became bsavy ?Uw the ?t?rl and loss?-? of from fraction* to -4 point* were suffered In practically the entire llat. . . Crucible Steel was prominent ana ro?? *. to 226, with * quick reaction to 223 Steel tommon loat %. to 1U6M and l-ackawanna 1 S to 83V Baldwin Loto, alter selling UP U IM'a dropped over 1 point, while Re public steel eold off 1* from it. high, to 111% The motor shares were again In aupply. General Motors yielding 2 Si to Studebaker 1 point to 100%, and Plerce-Arrow 1 point to <W%. Mexico Petroleum dropped lty ?o 1UUVb? ""d fractional Josses were sus tained In Pan-American Petroleum and Koyal Dutch. international Paper was prominent, and, after yielding % to 81%, ad vanced to 83%. The copp?-r? and rails were quiet and fractionally lower. There wax vigorous! buying of many Usues after the decltnea, resulting In aubatantlal advances. Crucible rose to above 226. Steel common to 106%. General Motors to 297 >4. and Baldwin Locomotive to 116%. The market closed higher. gat ijrday Close High Low Close 4lV Adv. Rumley... 41S 41 41 Adv. Rum. pf... 70S 70S 70 V 80S AJaz Rubber.... 80S 00V B0V% lV Alaaka G. M.... IV lV lV 491, Allla-Chalmera. . 49V 48V 49S 92 Am. Agrl. Chem.. 92S 98S 9C% 53 American Can... 54V 53V 54V 137H Am. Car A Kdy.. 1?V 137V 139V 24V Am Hide A Lea. . 26V 26 26 V U7 A.H. AL. pf 118 116 118 84V Am*r. Linaaad.. 86V 84V 84V 97 Am. Unseed pf. 9BV 98 98V g8V Am. Locomotive. 100S 98 99S Am. Smelting. ... 68V 67V 68V Am Smelt pf A... 99V 99V 9Wi 45)4 Am. Steel Fdy... 49V *5 4$V 90S Am. Sumatra Tol 91 90 91 American Sugar. 136V 136V 136V Am Sumatra pf. 91V 91S 91V Am. Sugar pf.. 118.V 118V 118V J7V Am. Tel. A Tel. . 97\ 97V 97V Am. T. A T. ctl. 78V 78 78 151 Amer. Wool 154 149V 153V Am. Wool pf... 104V 104V 104V 55V Am.Wr. Paper pf 58 56 58V 62 Asao. Dry Gooda. 62 61V 6lV 6lV Anaconda 62 61V 6lV At. Coast Line.. 89S 69V 89V g4 Atchison 83V 83 83V Atchison pfd.... 79V 79V 79V 160 At. O. A W. L.. 163V 161V 163V 113V Baldwin Loco... 118 113 116V Balto. A Ohio 31V 31V 3lV Bait. A Ohio pf.. 45 45 45 128V Barrett Co 130 128*4 129 Batopllas Mln.. IV IS IV Bethlehem Steel. 91V 91V 91V 96 Beth. Steel B... 97V 96V 97 Brown Shoe ... 100 100 100 2B\ Butte A Superior. 28V 27V 27S Burns Bros I06S 106S 106S 82 Cal. Pack. 84 82 84 Can. Pac. 129V 128 127V 42V California Petrol 42 42 42 Calif. Petrol pfd 725; 72V 72V 9lV Central Leather. 98V 91V 93V 126V Chandler Motors 135 126V 133 Cerro'de Paaco... 56S 56 56V ? C-. R. I. A P. 7 wL 70 70 70 Chi Gt. W. pf 24 24 24 Chi. A N. W.... 86S 65 86 36V Chi.. Mil.A St. P.. 36V 36V 36V 51 Chi.. M. A St. P.pf 51V 51S 51V 18V Chile Coppir.... 18V 18V 18V 40V Col. Fuel A Iron. 42 40V 42 18 V CI Callahan 19V 18 V 18 V 82V Conaoi. Gas 84 82 82 37)4 Coca Cola 38 37S 38 Col.Gaa ABIec.. 62V 62V 62V 51 CoL Grapho 5lV 51 51V 84V Corn Producta... 85V 84 85V Corn Prod pf... 101 101 101 224V Crucible Steel... 233 222V 229 Crucible Steel pf. 99S 99V 99V 84 Cuba CS pfd 84 84 84 51S Cuba C Sugar.... 51'* 50V 50V 12V Er?? 13* 12V 12V Fed. M. A S... ? 12 12 12 FMASpfd 31 31 31 16V Gaston Wins.... 17 16V 16V 72 Gen. Ci*arCo.... 72 71 72 Gen Electric 168 167 V 168 296 Gen. Motors 303V 293V 302 Gen. Motors pf... 82S 81 82 77J4 Goodrich B F.... 79 77V 78 100 Goodrich pfd... 100 99V 93V Granby Mining. 50 50 50 Greene CC 36 36V 36 37V Gt. North. Ore A . 38V 38 38 Gt. North, pfd... 78 78 78 78S Gulf Stata S.... 78V 77V 78.V 59^ Hask A Barker.. 60V 59V 60V 11L Central 89 88V E9 3X Inter. Consol.... 4 3V 3V 24V Inter. Nickel.... 25 24V 25 56 Insplra Cop.... 56V ?6 S6V 82V Internat. Pap... 86V 8lV 85V 50 Iron Products... 50V 50 50V Kan City 80 pfd 46 46 46 Kelly Spg. Tlra... 134V 133 133V 34)4 Keystona Tire.. 36V 33V 35V Kelsey Wheel.. 80 80 80 20S Kenneacott 31 30S 31 65 Lacka. Stael.... 85V 83V 85S ? Lee R. A Tire... 36 35 35 106 Loula A Nash.. 106V 106V 106 boose-Wiles ... 67 67 67 Mackay pfd.64 64 64 Mart. Parry Co... 29V 29V 29V 40V Marine com 41S 39V 40V g7)4 Marine pfd 98 97 98 Maxwell M O... 31 31 31 198 Mexican Patrol.. 202S 199V 200 24 Miami Con Cop. 23V 23V 23V 49V Mldvaia Staal... 50S' 49V 50V 24S Missouri Pac.... 25 24S 25 40S Missouri Pao ?f. 40V 40 40 82 Nat. Lead ?4V 82)4 84 79V Nat. En. A Simp. 82 81 82 N. T. Air Br.... 109 106V 107V 26V N. T? N. H. A H... 26S 26S 26V 68S N T Central.... 68V 68V 68V N. T. Dock pf.. 55 5f> 55 78V Northern Pacific. 7$S 78 78V 56 Nor. Am 56*4 56V 56V Ontario Sliver... 9*4 9^ 9^ 9)4 Ok Pr A Rf Co... 9V 9S 9V 47 Ohio City Gaa.. 49 46V 48 Owens Boi Ma.. 59V 5914 59V 93 Pan-Am Petrol.. 95s 92V 96V 42V I'enna R R 42S 42 42 29S Marquetta. 29V 2BV 29S 38S r?o- Co.... 40V 38V 39 V 40V I'hlla. Coal 41 40V 40V Pittsburgh Coat. 62 62 62 18V Pierce Oil 20V liW 19V 67V Plerce-Arrow ... 71V 66V 69S Plerce-Arrow pf. 106 106 106 96V **"?? Car* 98V 97 9fS 11?> Pullman Pal Car 115 115 115 fl?i?r<t*jr C|uee Hl#b 1-nw am 2ll| Rsy Cm Cop... 2X>, 2lfc ?S 90 Hy ftteel Hprgs ioq go y9>? UJX K?p Iro? A Steel ugfc m* 115 Heading 76k ''&>? ?7* Htull Storaa... 88J4 (fc>4 ?T, 71 8av?go Amu,.. 72^ Ttk Tlk lftj? Saxou Motor. ... its i#% 19*, ieaboerd ? L. . 7>? ?? TH ATj S?e?rs Ko.b U ... a?tf ?43 Sinclair OU .... 48H ??? 81 Hloaa-8 MAI... 88'? 79H I9lt t>ouih?rn Pacific 10Q* ?WH 1<X> 77* doutU Pacific pf. 77>? 77M 77* Bo- Pt 64k 6?X b4* 73>< Btromberg Corp. 7g 72H 76 101H Studebaker joUf lOOH 104 125 BtuU Motor ias 1% 1? Superior Steal.. 49 47 49 12* T?nn C * C.... ;i>4 302 Texaa Co 204* 201 303 36 Tex & Pacific... 37), 37^ Third Ava 14 14 14 ?0*4 Tobacco Prod.... 91* JO* 91j| Tobacco pf 104* 104* 104* -ft Trauacout OH 26* 26 96* Twfn C. ft. T. .. 36 36 36 49 United A1 Hteel. . 49 49 49 143 United Drug ... 143 143 143 Un. Drug pf.... 61 Si 61 65* United Pood ... 69 66* 69 United Fruit i?4* i?* 194* 123* Union Paelflc.... 122 121* 122 34* Union Oil 34* 33* 34 52S, Un Realty Imp. b3?i 62* 63* Un. Rail * Um 12.S 12)?' 12H Un Rail ? Inv pf. 29H 28* 28* U 8 C X P 4 F.. 22 21* 22 uscippfd... 54* 54* 54J,| U, 8. Kxpress... 30H 30!* 30)? X06'4 U 8 Ind A1 109 106* X08* 125 U 8 Rubber 127 124* X26* 114 U.S. Rubber 1 pt. 114 114 XI4 U 8 Smelt A Raf. 70* 70 70* X06* USatael 106* 106* 106* 115 U ? Steel pfd.... 116* 115 115^ 74* UML* Copper.... 76 75* 75* 9* Utah 8eea 10 9* 10 66* Va-Car Cham . 66* 66,* 66* Va-C*r. Cham pf. m ui m Wabaah pf A.... 22* 22* 22* 11* W eat Md 11* a u* XI* Wh A Lake Erie. 11* n* 11* WfiL Pac 23* 23it 23* West Pac. pf... 60 60 60 53* We?tln*houae... 53* 53 53* Western Union.. 96* 86* 86)4 60 White Motors .. 6X* 59* 61* 28* Willis Overland.. 28* 28 28* 74* Wilson lac 75* 75 76* Wilaon pfd 96 98 98 91* Worth P. Ma 94* 92* 92* THE CURB MARKET I f>. m prices furnished kr W. B HIM % Co.. members of New York Stork 4am?. ItlC is?4. Aetna Explosives ..... 8% Allied Packers 27 3.1 Am. Hafety Itaxor 13 13% Am. Writing Paper 11 14 lielcher Divide J5 28 Belcher Extension 30 35 liig I-edge ,V M Boone Oil 6% 0% Boston and Mont 71 73 Boston and Wyo 1^4 1A Caledonia 38 42 Canada Copper If, 1 % Carbon Steel 125 Car Ught A Power .... 2% 2T4 Chevrolet 300 500 Cities Service New 43 43% Cities Service Old 400 420 Cities Service Pfd 72 75 Colonial Tire 5 10 Consolidated Copper.... 4% 4% Coaden Co 9 9 % P6sden, pfd....' 4'? 4% Cramps 210 Creason Gold 2 Curtlss Aero 5 10 Davis Daly 11 14 Elk Basin ?% y 1^ Emerson Phone 4 8 Ertel Oil 1 % 2 Federal Oil 3% 3% General Asphalt 115 117 Genaral Asphalt pfd... 185 185 Glenrock Oil 3% Guffey-Gillespie 3314 Hecla 4 4% Houston Oil 125 130 Howe Sound 3?? 4 Hupp Motors 15% l? Indian Packing 10% i$ Intercontinental Rubber 13 IB International Petroleum 67 <>? Island Oil 5% 6 Jerome Verde ??, % Jumbo Extension 5 8 Lake Torpedo 3 .V,j Lima Loco 75 86 Livingston Oil 1 K, 1% Magma Copper 32 38 Marconi of America.... 5% 6% Mason Valley 2S ;i Mcrritt t>ll 20% 21 Metrop. Petrol 3% 4 Midwest Oil. com 1% 2 Midwest Oil. pfd 2 . J Midwest Refining Ifct 18(i Mot her lode-New ft% fl Nevada Ophlr 34 js New Cornelia 21 24 Nlplssing Mines Co 11% 11 North Am. I*. & P 5',-- 5^ FINANCIAL Capital and Surplus. $2.000.000 There may be big banks that don't want to "bother with small de positors," but this is NOT one of them. 11W# have (rromn and pros pered throufrh Rood service to ALL, and invito deposits of every size. Let us guard YOUR surplus. '?'Same Rate of Interest paid on large and small deposits. National Savings & Trust Company Cor. 15th and N. Y. Ave riftr-Tlali* Year - Safeguarding the * Safest Investment It Is a genoralljr recognised fsct thai llret mortgagee are the eefeet Invoatmenl In the world. We would like to eend foe nor new booklet telling of the many safe guards we have placed around OUR Aral mortgage sis per cent notes, which we be Here make security doubly secure and whleh constitute tha ehlaf reaeona for oar record ef Hft7 years wit hoot I nee te as In vaster. SWARTZELL, RHEEM & HENSEY CO? IIT lltk St. N. w. LOCAL FINANCIAL AND BUSINESS GOSSIP How to make uut income la* r?- | turn# will be the subject uf a epauial i lecture b?fore the Wublu|l?n du| ?r of the American I intitule of Baiik ug. M ediicada) night, by Kobert V ' Fleming. assistant cashier of the J Itliui National Hank Mi Fl?mli|. who la conversant will. I >11 phaaea of tha Income tax lawa. In | their application to both Individual , md corporation returne. will give a practical demonstration on tha filing of returns. "At a time when cuatomera of all bankina Institutions are asking for the aaalslance of bank employee In fll m Income tax returne." aald Mr. I>ef ber, president of the chapter, today, Mr Fleming's talk will hava a direct appeal to all local bank ciarka." Mr. Fleming's talk waa scheduled for laat Wednesday, but, owing to the fact that a meeting of the Dis trict of Columbia Bankers' Associa tion waa held on that day. the address was postponed. Kdward J. McQuade, chairman of the committee on the annual enter tainment and dinner of the local chapter, Is completing final arrange ments for the avent, which will take place Kefcraary 21 at the Wlllard Hotel. Mr. MwQuade la certain he will be ab)? to secure some of the best speakera la Congress. Ad add*4 feature of the banquet will be the presence of women guests. Tha Washington Clearing Haute Association announced that an aaaea? ment of 110 has been levied oa all member banks and all banka clearing through member banka. Nelson B. O'Neal, of the Rlgga Na tlonal Bank, will addreaa the mem bers of the elementary claas of local chapter of "the American Institute of Hanking tomorrow night on "Book keeping Deposits." Secretary Qlass announced today the offering of another Issue of Treasury certificates of Indebtedness, under Series T M4 1920, dated and bearing Interest at the rate of 4\4 percent from February 2, 10-0, and maturing March 15, 1920. Certificates with one Interest cou pon attached will be issued In denom ? nations of *800. fl.OOO, $5,000, $10,000 and $100,000 Subscriptions may be made through local banking Instltu tlons, or directly throbgh the Federal Reserve Bank of the Fifth diatrict. Ninety shares for Mergenthaler sold today on the Washington Stock Kxchange at 137 Lone ton again ruled slightly stronger, 10 shares changing hands at M4\. Capital Traction atock waa steady, a total of 40 shares selling at 80. Four shares of Federal National Bank sold at 100. Seven shares of Colum bia Graphaphone preferred sold at 04. FINANCIAL Write to us for full information regarding our 12-Month Saving Pita. This plan insures a customer to purchase stock outright on a safe and secure basis. Stocks bought for margin or for cash. 0. H. GORE & Company Bankers & Brokers 1410-12-14 H St. N. W. Members of Consolidated Stock Exchange of New York \ Telephone Frank. 5859 F. A. CONNOLLY Manager New York 'and Boston Curb Market The Only Curb House in Washington. Stocks bought for cash or on margin. Direct private wire to New York. You are cordially invited to inspect board room, showing full curb flotations. M P. DRAIN, Broker 1421 G Street N. W. Tel. Main 3160 TODAY'S LOCAL SALES M?ra?atUalar. IO013T* I??1ST*. IUOHT % 10*117*. 117V*. 1(1*137*. 1WOISTH, TViSTV*. 3?l?7* >'vluiull? Ur?pfeupho*? prafarra*. 7?*? After call.?Capita! Tracttao. &?3? llfN I<au*too. 10*Mfc. Capital Tractloa. C.on? Old Dutch M?rk?t coioiucmi. 1IM Capital Traction lHrN Kxlcrai Natiooal Vault, KHM FINANCIAL I J. S IEVERTON BREAKS ARM. J. Ntaniay UvwUii. aou of J. L? l-avartou. 1410 Kuiwly iliMl uurtk *Ht. (rutur<4 tits rigbl arm tk*f? tba ?lk?w today w hall be fall oa Ito tea In tba rtM of hia bum*. Af tar bains kwlrtad to bta ham, Dr. Battla ww ctlM. aad r?a4ar*4 lira* aid traaunaol. La tar ha waa takaa to llr. CbrUtla'a oCtca far X ray Traatiuaut. Uavartan ia a third yaar atadaat at Central Mt?h ttcbool and a praaaiaaat I ~ FINANCIAL~ utmmLmr of ao? la ik? twtU Mi Ms Um wOl vary k ?? qJ / ml thm (tanp W loa um(. irkM la to ?a CM COL HAVERS TO LECTURE. Col. I ? rdaj ?? Tnu Maa'a ISM O iUmI MrtkvMt, taalfkt at ? :1? o'clock. FINANCIAL $25,000,000 ? / Cuba Cane Sugar Corporation Ten Year Seven Per Ceat Convertible Debenture Bonds Dated J1P1117 I, 1*2* Dm JmuT 1, 1W0 Interest payable Jaauarj 1 and July 1 Convertible on and after January 1, 1922 (or sooner if at any time permitted by law) on the terms of the Indenture into common stock at $60 per share Denomination* $1,000, $600 and $100 Reflaterable aa to principal GUARANTY TRUST COMPANY OF NEW YORK, Trustee Redeemable In whole or tn part upon 60 days' notice (during which period the of oon ?.rslon continues) at a premium of 7%% during the flrst flvs yea_rs, of 6* during the sixth year, of 4% during the seventh year, of 3% during the eighth year, of 2* d?rtn#tba ninth year, and of 1% thereafter, but the right of redemption shall not be exercised until not lees than 40 days after the debenture bonds shall have become convertible. OUTSTANDING CAPITALIZATION Ten Year 7% Convertible Debenture Bond*.... $25.?>,0W 7% Cumulative Convertible Preferred Stack? par value $100 500,000 dwrta Common Stock?without par value 500,000 dura Reference is made to a letter of B. Braga Rionda, Esq, Vice-President of the Corporation, the salient points of which are summarized below. (1) The Corporation ia the largest single producer of raw sugar in tha world its output exceeding one-seventh of the entire production of the Island of Cuba. (2) The Corporation owns and operates sixteen fully equipped sugar mills with g present working capacity of about 5,000,000 bags (320 Iba.) of raw sugar. The output for 1918-1019 was 4,319,189 bags and the estimated output for 1919-1920 is 4,700,000 bags. (3) The Corporation has no bonded indebtedness other than these Deben ture Bonds. It covenants not to create any mortgage upon its pres ent real property or plants so long as any of the Debenture Bonds are outstanding. (4) The purpose of the issue is to reimburse the treasury of the Corpora tion for capital expenditures heretofore made and to provide working capital. (5) The net tangible assets as of September 30, 1919 (after giving effect to the proceeds of sale of the Debenture Bonds), amountd to $99,587,302, or nearly four times the amount of this bond issue. The properties could at present be duplicated only for a sum largely in excess of that figure. (6) Operating profits, after taxes but before depreciation, have since or ganization, December 31, 1915, averaged slightly under $10,000,000 per annum, equal to 5.71 times the annual interest on the Debenture Bonds. (7) The Corporation is obtaining for the current crop much higher prices than existed during the two years of Government control (these prices f. o. b. Cuban ports were 4 6-10 cents for 1917-1918 and 5% cents for 1918-1919), and it is therefore confidently expected that earnings for the current year will bo greatly in excess of those of any previous year. (8) The Debenture Bonds will on and after January 1, 1922 (or sooner if / at any time permitted by law) be convertible, on the terms of and in atcordance with the Indenture, into Common Stock at $60 per share. Legal matters incident to the issuance of th? Debenture Bonds have been under ths supervision of Messrs. Sullivan & Cromwell for the Co,-poration and Messrs. Cravatl: <?? Henderson for ourselves. Application will be made to list these bonds on the New York Stock Exchange We recommend these Convertible Debenture Bonds for investment. Price 100 and accrued interest, yielding 7%. J. & W. Seligman & Co. Hayden, Stone & Co. New York New York Boston Halsey, Stuart & Co. <Inc-> Chicago Philadelphia The above information is not guaranteed, but has been obtained from sources we believe to be accurate and reliable. A Limited Amount of the 7% Cumulative Preferred Stock of the Wardman Park Hotel, Inc. <Incorporated I'sier the Um of the State of Virginia) Is Offered to the Public At Par, $100 Per Share Authorised Capital Issned Stock M.000.000 $1.000,000 Preferred fl.730.000 Coaooa Cumulative dividends of 7%, payable semi-annually, on the first day of January and July of each year. Redeemable at the option of the corporation in whole or in part at $105 per thare and accrued dividends. THE WARDMAN PARK HOTEL is the newest and largest hotel in Washing ton, probably the largest south of New York. It is impossible, however, to supply the demand for its accommodations. Only one-half of the authorized preferred stock has been issued, and only a limited amount is offered Controlled by the WARDMAN ORGANIZATION, which bears an unques tioned record of 20 years of success without loss to any who have invested in Its saterprisM. oprirtensi * directors! Harry Wardman. President Harry Ward man ('. Aahmead Puller Thoa. P. Hone., Vlee President James l?. Ilobb. Rilnard L. Stoek James D. Hehha, 3ad Vlee Pre*, and Trees. Tkva. P. Bone* M. Klmer Oyer Hnbkerl R. Qolnter. Seeretnry llukkert R. Malater (Realdent Manager) Subscriptions Received at the Office of HARRY WARDMAN Wardman Balding, 1430 K Street N. W. Washington, D. C. Tko legal detalla of tkta lasae ksve keen passed apon ky llaalel Tkew Wright, of Washington. D. C.