Evening Star Newspaper, January 30, 1923, Page 27

FINANCIAL. - ONEY IN PLENTY FOR INVESTMENTS Banks All Over Country Com- plain of Dearth of Bor-, rowing Demand. Money is light, acc from banks in cpuntry. Bankers eve dearth of dem. Meanwhile the stronger position, such shape that far bu are now d the ne wer cqual to 68 weeording to Departr > index figur. nber improved se of 5 poinis 1 the index n: 2nd food pro C. & P. Tel. Co. Report. Net inc Totomac 1 District of ed to $1 the previous ¥ r the previous vea mher o fgure. plant rding to reports all sections of the where complain of the ss money, re galning a could finance 2 amount- & & gain | telephones in | in Th:» ot 1t n thel which repre- | ing expenses | ng the month | nd_equip- | 2h rpios for) a gain of | president er e organized thems A Club Known as the Federal American Club. —_— Washington Stock Exchange ALER| 31,000 at 1031, 300 | of lhc 104, $100 at ! Bank—13 Money—Call loans, 5 and 6 per cent BONDS Bid and Asked Prices. PTBLIC CTILITY. | American Tel. & Telga. 45 American Tel, & Telgn. 41 & Tel. etl. y Btarag sod Sate Dep. Wah. BIkt. Cold Mtorage b Wardman Park Hotel 6o.. STOCKS PUBLIC UTILITY. American Tal. & Te 12 Capital Traction.. Washington ¢ Farmers “and Mecl Foderal-American Gommerce and Bavinge. i Washiagton Savingd Security Bavi nl Com: Street. MISOELLANEOUS. Graphbphone com. Graphophone pf Tra Athaler Linotype.. um"bwn Markes co 0ld Duteh Market Jamston Monotype. Feearlty Sto Wi n M | Yellow Osb., *Bx-dividend, {trey r | INCOME TAX FACTS. . ) No. 2. Banks and Estates We maintain a special service for banks and estates that has proved valu- able to an increasing number. We will be glad to explain the plan in detail on request. While the exemptions for married persons are $2,500 for persons whose net income for 1922 was $5,000 or less, and $2,000 for persons whose net in- come was more than $5,000, there is inserted in the income tax law. a qualifying clause in justice to the taxpayer whose net income just ex- ceed ,000, - The law provides that the reduction of the amount of the 5 000 shall of net income In ex; example, Mr." and ) had a net income for 1922 of $5,010. Without the benefit of the above pro- vision their tax would be $120.40 ($0.010 1 ing $3,010, at tual tax is 500 ° equaling GRAHAM. PARSONS X Co. PHILADELPHIA NEw York 5 ¥ per cent plus $10, the WASHINGTON amount by which the nct income ex- £5 .000) 405 Misss BLDC. ' ¢ year 1922 there is no change in the normal 4 per A the firet $4,000 of net income e s EQUITABLE on the amoynt of Co-Operative Building Auoclauon et incomd between | 00 and $10,000 10 50 per cent on I the net, In- { Tor the taxa- - cent on the net income may be paid in full it p or in_quar- ue on or before | September Systematic Snvmg A blun (0 ke BRVING exey— Save a little ecach pay day and you wlill be surprised at the a{‘noum accumulated In a short time. Snbscrintions for the 84th Issue of Stock Being Reecived Shares, $2.50 Per Month EQUITABLE - BUILDING 915 F St. N.W. JORY JOY ENSON. President FRANK P. REESIDE. Reey. roads is 4t t Profitably In busing this issue of 1d LOANS If you have money to invest, we can safely place it on gilt-edge first Mortgages. Our record of 30 years insures your protection. Courte- ous treatment. Percy H. Russell Co. S.W. Cor. 15th & “K” Sts. the ‘Btogk 1o A good investment t':e more you analyze it— the more attractive it becomes. (et our de- tailed circular—that makes it plain. Commercial Loan and Finance Corporation Bond Department—Room 200 Phone M. 5612 921 15th Street N.W. AAAAAAAAAN “Before You Invest- INVESTIGATE" There are many good investments—Ilots of them. After you have examined all the others, look into the DISTRICT GUARANTY CORPORATION and make your decision. We want you to be thor- oughly satisfied when you buy it. BWestlake FIIGAL ACENT. and housebold §nods o eha per cent interest. No bro- n & FinaaceCorperation' o ST, 881 1868 Be. H.W. MONEY TO LOAN (FIRST TRUSTS) L.W. Groomes, 1416 F St. Let us manage your Rental Prop- erty. Over a Quar- ter of a Cemury Experience. oney to Loan . B. F. SAUL CO. 1412 Eye St. NW. Main 2100 GILTEDGE SECURITIES First Mortgage Notes Secured on Improved D. C. Real Estate Appraised by Experts of 35 Years’ Experience Without a Loss Offered in Denominations of $250 and Up A Good Investment. WILL PURCHASE First and Second Trust Notes Warehouse Receipts, and Make Construction Loans ured by 8rat deed of trust oo Trevailing Inieresi and conn Joseph 1. Weiler 2% $3,000,000.00 To Place in FIRST TRUST NOTES at 5%% & 6% —on high-class apartment, office and business buildings -of approved character and location, and Large Building Loans 5 Ona._felturo of our ‘service is the ability to give prompt action on all applications See Mr. White—Loan Dept. 2 _ALLAN E. 813 15th St. N.W. Main 2430 “We will” ~—have ready for delivery in about ten days a limited amount of Gilt Edge’ First Mortgages Investments In Amounts of $250 Up Make your reservations now The opportunity to get your savings invested on a basis of 7% lIaterest is rapldly passing. Chas. D. Sager 23 Fifteenth St. N.W. Main 36 Loan Dept. Security Assured WhhEen you buy a Straus Bond, you have the com- fortable assurance of security, and of prompt paymentof both principal and interest in cash when due, as well as the most attractive interest rate consistent with safety. Write today for literature describing the safeguards of the STRAUS PLAN, and | ask for BOOKLET 928-G ). TUESDAY,” JANUARY' ‘30, Safe Deponit Boea at Very Moderate Rentals Same Rate of Interest Paid on Large and Small Accounts OFFICERS: WILLIAM D. HOOVER WOUDBURY BLA STONE President sV, Pres V. Prew Capital and Surplus 1923. Now Serving Over 41,000 Deposito:s 1 Over hah a century of service to the banking pub- lic underlies the universal confidence this institution enjoys, There are now more than 41,000 open accounts on our hooks — overwhelm- ing evidence of our capacity for satisfactory service un- der all conditions. fYour savings should have the protection of a bank strength and policies ha thoroughly time-tested vou are always certain of your principal and interest. Practi- cally any amount will begin an intcrest-carning account are invited to become “one of us” THIS PAY DAY. DIRECTORS: Wuliam D. Hoorer A" Buchanan i 5 ! ,mnm. nald 8. Huidevoper Cleph Charies Minghel! Edmund D. o _F rank Betaon ] JAVID BORNEY. Awst. Trust Omier ot e i Incorporated. Offices:n 4ol ities. Eatablished 1882 DAVID BORNEY..Asst. Trust Ofce i ey e K. Wiliass e pantee w2 U National Savings & Trust Co. Waxhington, D, C. Telephone Main 5547 S5th Oldest Savings Depository in Washington Year Cor. 15th and New York Ave. 41 years without loss Open Until 5:30 P.M. Tomorrow & Thursday Your Pay Day Check Will Have Greatest Protection —possible, when intrusted to the keeping of the OLDEST National Bank in the District of Columbia. . ¢ The security and service we provide are the fruits of more than one hundred years of uninterrupted banking experience. mmmmummlnmmmmnmmmummfifimfiummn|mmanMMMmunm ...Presidest D Vice President Trust 1] Deposits of modest size are always accept- able here. We have fostered the develop- ment of many small accounts, and will be glad to have you “grow-up” financially with the “Metropolitan.” Our Savings Dept. Pays 3 % de- | GALES MOORE DIRECTORS: ARTHUR T BRICE 7 H, RALSTO ASTIEE Bhow FRANK P. u}:sms FREDERICK Do FAUST HySH Y WM. F. ERANGIE RIBGS clulu:s uoonsmv H. P. JOHNS WM. H. SAUNDE! HERBERTT. bHANNOH SuBoLEH RAvEIMANN Dr.J THOS. KELLEY, Jr. ER" 'rewm.!! A. MCEEE ILB! ‘National Metropolitan Bank Capital, Surplus and Undivided Profits, Over $1,700,000.00 15th St. Opposite U. S. Treasury—109 Years Old —~Compound Interest—irnivites initial posits of ONE DOLLAR or more. MIIHlIIIIlIlIIIIIIl|l|[HIIIIUI|IflllllIlIFIIIIIIIfllIII!IIIIlIHIIHIJIllIlll[[llll[l]l][lll]]ll]lllllflllIIIlIlllllllllIIIIIIIIllllllIIIllllllflm'fllllIII]IHI[IIIIIIIIIIIIIIIIIIIHIIIHIIIII]I]IINIIIIIII[I! The Safe Six Per Cent 1. HE interest rate on first mortgages in Washington, D. C..is an elastic thing under the present law, but, in spite of the law, it is governed by the same influences which regulate the interest rate on other investments. If you ask your banker what the prevailing interest rate is, and then you find you can obtain a higher return, before you invest it is. well to bear in mind the saying which applies to nearly all investments that “the higher the return the greater the risk.” The highest rate we can now obtain on what we con- sider absolutely safe first mortgages is six per cent. Swartzell, Rheem Ebs Hensey Co. 727 15th Street Northwest - ‘Washington, D. C. 53 Years Without Loss to An Investor = 4 FINANCIAL. 2.000,000. 00 TO LOAN ON Hotels Apartments Offices Construction or Permanent Loans Amounts $100,000.00 and Upward Prompt Handling Loan Department |SHANNON & LUCHY| 713 14th Street Main 2345 MONEY TO LOAN ON FIRST MORTGAGES AT CURRENT RATES OF INTEREST Kandall K Hagne & G 1207 Gorneclicat (Bence YOUR SAVINGS WHETHEK you have $100, $500, $1,000 or more to invest, investi- gate our Firat Mortgage Loans on Wash- ington Homes before placing your funds. NEVER A LOSS Qur conservative business wcthods have so perfectly protected and safe- anarded the funds of our investors that not a single client has ever lost a dollar of principal or interest on any invest- ment purchased through us. Send for Selected List We will be pleased to send you full information concerning our first mort- gages and our methods of handling them. 6%% and 7% Interest Convenient Denominations Write for It WILLIAM S. PHILLIPS First Mortgage Investments g Main 4600 ° 1409 New York Ave. Invest Your Funds at 6%2% With D. C. Intangible Tax and 2% Federal Income Tax Paid We have available several new offerings of First Mortgage Investments at 6)2% interest with at- tractive tax-refund features, They have been purchased by us with our own funds after careful investigation. We recommend them as thoroughly safeguarded investments, suit- able to the requirements of all investors whose first consideration is Safety. Reservations accepted for future delivery $5,000, $1,000, $500, $100 Maturities: 2 to 15 year® Call, write or phone for descriptive circulars The F. H. Smith Company, 1414-1416 Ey- Sum, N s ‘Washington, D. ‘Without obhpmn on my part, please send me informa- tion about your First Mortgage Investments which assure a met return of not less than 6)2%, ke F.H.SMITH CO. Hounded 1873 FIRST MORTGAGE INVESTMENTS 1414-1416 EYE STREET, N. W.