Evening Star Newspaper, July 13, 1922, Page 31

ashington Stock Exchange| I B. T. DEFICIT LESS. ; BALES. Washington Gas Bs—§500 w York for May reports a defic at Tk Capital Traction—10 at 100%. Tanaton Monotype—8 at 79, i 75, $1.000 at 94 Capitar Traction—1 st 10042 at 100%. | June 30, 1925, Interborough shows 3. 5 2% 100, 50 At 100X, 50.at 100%, ney—Cail loans, 5a6 per cent. o $4,464,328, American Tel. and ;nl[fl % the Philippine government will 4 Tel 115 o |4 e s CAR LOADINGS IN JUNE. son’s loadings were 125,322, again 107.721 a year ago. Illinois Centr: 136,854 & ye: loadliigs were off 1,690 carloads fro June, but were 2,022 ahead of la Year. Gross loadings for June. we 131,783 cars, or 2.5 per cent mol than u venr ago. Frelgnt loadings 'OC| the Northwestern roae ‘.L,%;I:". U,'f,.s,;., six days of July aggregated 310 PRI L ; care, or 2.048 less than last mon Capiral Rizes Realt. Riggs Realt i W. AL CuldStorage 5 581 | loadings increased 43,097 cars 205 | 18%,337. """ CITY PHONES VALUATED. R Terminal Terminal American York Telephone Company in Great New York would cost $79.761,300 - |at $50,622.200. Of this amount he a portioned $39.009,200 to the sixty-eigl Bought, Sold, Quoted Investment Securities 510-11 Evans Building Washinzton, D. C. Main 618D T T e e To help you ‘We have just pub- lished a book about the New York Curb || Exchange—the profit {| anddividend possibil- | ities; how to secure ! balance sheets, facts Market Market B OUR 7% FIRST MORTGAGE NOTES ’ Need no further recommendation than that they are secured on fme proved real eatate, and placed om the same basis of security as pr.. tected our investors to the exteaf of their not having lost a single penny in either principal or ister- est duriag our Afteen yeats of Ia- vesting. and news for study. Ask for free copy “Investors & Traders Guide” JonEs & BAKER w York Chicago Boston ttsburgh Detrolt B Notes on hand in amounts of $250.00 up to $5,000.00. BALTIMORE OFFICE 433 Equitable Building Telephone - Plaza 8451 at 8% Ne: Washi Rail=ay and Electric 45—$1,000 i of $7,989 after fixed charges, con- T, Con B trasted with a deficit of $189,153 for at 7. May, 1921. Its operation in eleven e months ending May 31 resulted in a Monon’s car loadings in June were 21,708 cars, or 5,893 more than a year oo |ago. Burlington's loadings incressed 071 | 11.9 per cent to 141,442 cars. . Atchl- 28 reported 156,815 cars, compared with % ago. For the first five days_of July Rock Island's freight i’ | and 8.138 ahead of last year. June ALBANY, July 13.—Telephone cen- ----- tral office equipment used by the New. reproduce, according to an official statement. Another phase of the statement shows the company owmed land and buildings in the city valued *{ buildings. all of speclal construction. || cITIES SERVICE SECURITIES THOS. W. BRAHANY & CO. | b ———————-————" it Mergeaihalee Liadiype =L SR final deficit of 32,406,080, compared Washington Railway and Blectric 49—35,000 | With a deficlt of $3.997.003 in corre- L Lo | SEGRdIng cleven mon(hs of the pre- Lo o $1,000 a¢ 03%, $1,000 [ceding fiscal vear. . These results in- e o dicate that for full fiscal year ended At 1003%. 20 at 100%, 25 4t | gefelt lcss than half that of the pre- ceding fiscal year, which amounted to BONDS. - % Bid and Asked Prices. lPHII.II”I’HWE BOND OFFERING. PUBLIO UTILITY. NEW YORK, July 13.—Public of- Ria Alklu'l.,ferlnt of a $2,750,000 bond issue of o1 e 100 101% | made here by a syndicate headed gy 4% | Blair & Co. The bonds, which bear % per cent interest, and mature in 1950, will be sold to the public at . 199 and interest to yield approximately +.55 per cent. They are tax exempe 8t al m st re re of for the first il 73 th to er to t WILL BUY CHAS. D. SAGER 923 Fifteenth Street N.W. Main 36, Loan Dept. o Corporation Stock S. A. SCHOOLFIELD »lmn: amg::n '“:t‘;l T‘gfl Building EQUITABLE Co-Operative Building Association Organized 1579 42d YEAR COMPLETED For Sale Business Property 11th Near G Street Wide, deep store and two apartments. Will rent around $500 per month. Immediate possession. Splendid buy. $4,408,629.00 . $1,144,464.69 Learn to Save Systematically —We san point to thousands who have adopted the systematic savings plan of ine Equitable, with wondertul re- sults. Subscriptions for the 83d Issue of Stock Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDRON. Preaident FRANK P. REESIDE, Seey. For Particulars Phone N. L. Sansbury Co., Inc. Business Properties Dept. 1418 Eye Street N.W. Phones Main 5903-4-5 For a Trip Abréad NO matter where you go, you will find our * Letters of Credit the safest and most eco- nomical form in which to carry funds. Youcan use them to obtain a ready supply of the currency of any country in which you are traveling. - The banks abroad at whicK you present our Letters of Credit will be glad to furnish helpful information about many details of your trip. : Call or write for our Vacation Service folder BANK & TRUST CO. Capital and Surplus $1,250,000 ot _MAIN OFFICE DUPONT BANK BRANCH . ° 15TH&HSTREETS,N.W. DUPONT CIRCLE ° International Finance This Booklet Will Help You Call, Phone or Interborough Rapld _Transit of ) Il Fér Your / INVESTMENT -FUNDS = ITH the indications of lower W interest rates in the near fu- ture, we recommend the se- lection at this time of our First Mortgage have funds for investment. In amounts of $250 and up B. F., SAUL CO. MAIN 2100 MORTGAGE LOANS Columbia National Bank s5an000 911 F Street ' smem When Thrift is the Tune —to which youth keeps step, there’s not liable to be any rift in the lute in old age. € Finance your —making each and every pay day an opportunity for increasing your bank balance. Our service and protection are able aids, widely taken advan- tage of, and equally YOURS to command. : ond ntren Paid on Savings. You can open a Savings Account at this convenient Bank with as little as investments to those who 1412 EYE ST. NW. future through persistent saving FIRST MORTCAGES The Safest Security on Ea Every mortgage is less than 509, of the ready market value of the property. Absolute Safety. Reliable Security. Liberal Income. Insurance Against Loss. Protection Ag-imtf[}q:rem:flon. P t P ent of Interes R:opl:;men.uyn;f Principal in Full at M““rh’ido i Choice First Mortgage Investments $100—$250—$500—$1,000 WILLIAM S. PHILLIPS tor Write for It 1409 N. Y. Ave. NW. Main 4600 District of C oiumbia Intangible Tax On or before August 1 you must make a return to the District Assessor of all intangible property held by you on July 1. We are prepared to give market quotations on Stocks and Bonds as of that date. Also, we have prepared Supplemental Tax Forms for making returns of holdings larger than can be accommo- dated on the Assessor’s blanks. These can be had at this office on request. Brooke, Stokes & Company 734 15th Street . Philadelphia Main 7100-1 Baltimore FIRST MORTGAGE NOTES FOoRrR SALE IN DENOMINATIONS OF 500 DOLLARS ANEF UPWARDS Rt H Honer 5% /207 %;mzaé'cm’ -.%ama Secon Trust Notes Are Purchased by The National Mortgage and Investment Corporation On A Fair Basis (Temporary Offices) Third Floor Sansbury Building b 1418 Eye Street, N.W. I FINANCIAL. LIBERTY BOND PRICES For $180 Bohda Teday Real Estate Notes Of respoasibla makers secured st llen PROMPT PAYMENT OF INTEREST @UARANTEED. Bank of Bethesda, Md. LIBERTY BOND EXCHANGE 604 14th S1. MW, Hears, § san. to § p. Main 8992, Until 5:30 P.M. Monday July 17 Demonstrated Ability to Give Service —and PROTECTION, through times unusual as wall as normal, is what's at the bottom of the widely rooted preference for Washington’s OLDEST National Bank. i YOUR PAYDAY DEPOSITS and other unds can be in no better keeping than with a bank that has been serving the public unin- ly for well over a century.. As little as One Dollar will identify YOU with OUR SAVINGS DEPT. fILet us begin to serve YOU this 15th. OUR SAVINGS 3% COMPOUND THERE are means of sum- marising the wisdom and ex- perionce of mankind on some partieular matter so as to pro- vide some guidanace for the in- dividual. Financially, this has boen done in the formulation Ofganie T DEPT. PAYS INTEREST Mortgage Notes on S i OFFICERS: DIRECTORS : Washingten real GEORGE W. WHITE. Aszave T smicr 3% Y . . M. P. JOMNSON......Vice President # P o FaUST Nuew H o e widom of he asus S ¥ Sacomen e homime DRI that first mortgages mark the CHAS. E. BRIGHT. sst. St il o ox limitation of safety for these ALBERT H. BEDFORD..Asst. 3 3r. 1.5, 3 whe ean mot sfford to take C. LOUIS ECKLOFF Asst, Cashier £ WALTER B, TO v chasees With their capital. J. GALES MOORE. JORN GEORGZ W. WHITE Foreign Drafts Open at 8:30 A.M. Every Business Day Trust Dege. National Metropolitan Bank - Capital, Surflus and Undivided Profits Over $1,500,000.00 15th St., Opposite U. S. Treasury—108 Years Old 88 Yoars Without Loss to an Investor Swartzell, Rheem & Hensey Co. 727" 18th Street N. W. NEW ISSUE: $1,000,000 COMMERCIAL CREDIT COMPANY BALTIMORE—SAN FRANCISCO (Incorporated uader the Laws of Delaware) b Capitalization and Surplus—Cash Paid and Outstanding—Including Present Issue. $2,000,000—Preferred Stock 79, Cumulative. 2,000,000—Preferred Stock Class “B” 89, Cumulative. : 2,000,000—Common Stock (present dividend rate 14%). 1,244,778—Surplus and profits after 309, Common Stock Dividend July 10, 1922. Dividends payable juarterly the last day of December, March, June and September. Company refunds State, County and City Personalty Tax up to % 7% per $100 assessed value in any State, cr in leu tharecf State Income Tax up to 12; cents per share, on each issue of Preferred Stock, wherever held. Registrar: THE FIDELITY TRUST COMPANY, Baltimere. es are lis‘ed on the Baltimore Stock Exchange. :nd application will Lz made in due AllighireaBock ususs e course to list the amounts below offered. We have purchased and offer for public subscription, subject to allotment and to the rights of present stockholders, the following: 11 Tax. - Par Value of all Shares $25.00 850,000 Praterred 10 CAmMUIALIVE, o vvvveessesesrrrsss 2l %$35.50 per share—To Yield 6.86% plus +526.50 por chare—To Yidid 7.55% p! lass “B” 8% Cumulative...............at *§$26.50 per share—' 56% plus $500,000 Preferred Class % Cumul Aoty ey 5 *To the prices above quoted, the accrued dividends from July 1, 1922, to date of payment will be added. Subscribers to the above Preferred Stocks are offered the privilege of buying one (1) share of Common Stock“at $50 flat per share for each ten (10) shares of either Preferred which they are allotted. - We summarize the following salient features from a letter from Mr. A. E. Duncan, Chairman of the Board of the Company: SINESS: The busi of the Company (usually known as “Commercial Banking”), which has been successfully operated BU by the prue:t m::\“:g.:ment since 19;2, is the purchase of Open Commercial _Accounts. Acceptances, Drafts, Notes Receivable, Instalment, and Motor Lien Obligations, secured by a substantial margin or lien, and by endorsements or guarantees (except on Ford Cars), the average payment of Receivables being about ninety days. All of the assets of the Company are li and subject to very little depreciation. Department the Baltimore Company alone in 1921 purchased $42.781.935.12 of Receivables, of which l'l.z‘)"a“meor:n%(‘:::;‘:tmr’an lnet;llob;en n::l’ $125,000 and over with First or Second Credit in the January, 1922, Agency Books: 20.3% were from firms rated $1,000,000 and over. Such firms guarantee for 1007% all Receivablex they sell to the Coni- pany. 3 The Combined Resources of the Company and its Affiliaticns — Cemmerclal Acceptance Trust, Chicago, and Commercial ! Credit Co., Inc, New Orleans,—crre now over $30,000,000. o ial Credit Co Baltimore, includin g affiliated Companies, as computed from the Reports by Certi mnga‘:{l?i::«»&:{::’t:rf;up: lc‘:r p-"n‘p:tn’l'szz, atter deducting Federal and other Taxes, Losses, etc., are as follows: 1922 1916 1917 1918 1919 1920 1921 (5 Months) Grosn Receivables Purchased...... $35,001,972 $51,078,171 $55,421,258 $78,986,428 $87,201,823 $79,347,241 $40,784,698 o0 m:"" pphnblo “ eessens 310,648 313,790 426,405 405,263 683,809 654,001 508,213 ne Cthmill!‘;pl:;;d S Tl e 457% 5.30% 3.78% £90% 387% *5.76% et Stock 1;::::‘:::::;!;:"‘!"“ 41.41% 41.83% 56.85% 5257% 68.61% 52.37% *80.83% Net Earnings on Average Prele:r;d 4 5.': m chk then “m . . 3441% 34.83% 49.85% 4558% 61.61% 45.40% *73.83% ’ t Edf Inn ‘en Average Common . 2 ?l e su{i'- then outstanding 30.73% 27.83% 42.85% 38.60% 5439% 3!.00%.('" = 2:-1 ,fi > . i Il dividend: both issues of outstanding Preferred Stocks. The Common Stock DIVIDEF_”‘)Is-on '{h;%c‘:il;‘vg;::dhl::li:l;:l’; l‘zllll;’ls?inc‘:;a;‘ t‘o 3‘7;, April 1, 1914; to 109 October 1, 1914; to 12% Oketdo‘bvz; 1, 1919; :n:l"t‘; 14% January 1, 1922, which rate it is intended-to continue. In addition thereto four special Common Stoc! ends ag- gregating 105.92% on the original holdings have been declared. R RESTRICTIONS: The .Preferred and Class “B” Preferred Stocks have equal voting powers with uch P“‘;E.an.gnl; :’{hofhl: Common Stock; are fully phid and non-assessable; are cumulative at 7% and 8% per -insum respectively; :x-e referred over the Common Stock both as to assets and dwnd_ends: and, upon sixty days n:fltoc’.' either hut b‘m.l’d - udcepmnd by the Company at $30 per share (par $25) and accrued dividend. Dlvmml- in excess ot; t}n ;uzn.luy n:.l:‘ c]::. i the Common Stock unless, after the payment thereof, there shall remain a Surplus equal to 50% Preferred Stock. - ) = 'ECTORS: i : A. E. Duncan, Chairman of the Board: R. Walter Graham, Member Meyer, Pitts & Co.; Jas. DmC l"onkhsn.fl:'h ic%mtfih:x Garrett & Sons; ;hoa.,go. GlltheB'I:nl gltlhh.: 'S g&fl:“ahd?:;fi Annoiln:gd. m‘.“dmu e 5 Pres : 8. . Vice-President; John H. novan, er Merchants e 5 land, p Fide }‘l’teyn t;ns'ciimamc«‘.’:fi of anItin‘mN: David R. Forgan, President National City B-nkéochlelgc Gllr!uww. F:l::. : 'M‘gx:\ber Hathaway, Smith, Folds & Co., Chicago; Louis K. Liggett, President United Drug Com :‘y'. Yhom"k 3 W. Cam B Forbes, Member J. M. Forbes & Company, Boston; Charles B. Wiggin, Member Bond & Goodwin, s : it of the Cor ny has préven itself both efficient and progressive, as evidenced by the continued MHA‘N 35’2;5",.:.,"%13'{{;%?.’3»; w: yu'r?:tz Officers and Directors have a large investment in the Common Stock and practically every employee is a Common swekholde_r. ' We recommend each of these Stocks as an unusually safe and atiractive investment. The right is reserved to allot a - smaller number of shares than applied for. ROBERT GARRETT & SONS G Established 1840 Weshington Reprecentative: Investment Bankers b Moo : BALTIMORE, MD. y Metropolitan Bank Bl : " _Nt!l;;:l_ e Mdu'l‘n; . The information contained in thiz advertisement has deen obtained from sources 57 m 2 whick we consider reliadje. While not guarantced. it is accepled dy ws @3 Gocurate. \f |