Evening Star Newspaper, April 22, 1923, Page 29

8 FINANCIAL. JHE SUNDAY STAR. WA |WOODRIDGE-LANGDON SAVINGS AND i 1923—PARRT 1. | APRIL /22, FINANCIAL. o Lanston Earnings Said to Be . Double Dividend Requirements - COMMERCIAL BANK AS PROPOSED Our Rental Service FOLLOWS as well as PRECEDES the rept- Money to Loan INTEREST AND POSIT . f re. n . 1ot o in wall establisohed, S u 5 ] corporation doing ‘nte : g and constructive Work, mos by ma A R S s e : ing of your property ! *J. T. Hendrick Is Suggested for Local Di- 2 = rector—Fighting Hard Against Branch Banking—Dividend Outlook. R E N T S Sl RO | | - ————#). || B.FsAuLco. If you have money to invest, we can safely place it on gilt-edge first D. C. Mortgages. Our record of 30 years insures your pro- tection. Courteous treat- ment. 2 Percy H. Russell Co. S.W. Cor. 15th & “K” Sts. I have a few first trusts which will yield 8%, se- A bousaboldgoods ox tg,';fl cured on homes occupied by ver cent interest. No brok 1ged, Come 3 ur method o the owners. All papers furnished. WILLIAM P. IRVIN 1410 G St. N.W. Phone Main 3998 Loan & Fins 1. 921 16 ctory and 2 Copyrighted & Pet i - Mortgage Loans 1412 Eye St. N.W. ~ Phone Main 2100 been ed time and men consider u bink ace ntafted with o vertisement solidarity NO LOSS TO ANY INVESTOR IN 50 YEARS moved iing annu give any d officers and ve officer of | s large interests ungtonian by How to Accumulate $48,000 in 20 Years BY investing $100 a month for 20 years in our 6%2% First Mortgage Bonds you can accumulate $48,028.87. Security and Liberal Return A Comparison of the Earnings of Cities Service Company fustitutions w ount for ti by | turn of cl 1 “no funds” the a, iminated in short ord of this cl ing the increasc 1 ¢ progress of the Cony ¥ in the Jast t ) t it i rogres it 1 the 8 céntinued | gens the chief | £ n the = that some | depositor ma | removal of the er | E F MARKET AVERAGES : e $1.776:287 1,498,057 413,183 1,084,874 Principal Invested M Interest Earned .. Total Accumulation Vebruary $1,605.122 1,352,597 413,183 939,414 Januars | .$1,397.675 1,138,541 411,737 126,804 Yet you will have paid in less than half that amount; bond interest, compounded, accounts for the balance. Gross Earnings Net to Stock. .. Preferred Dividend Net to Common. . st sharehold- T of m.-[.“m,“, make al A de | o do \d this I <.....$24,000.00 24.028.87 $48,028.87 tance longer, I3 G $7VY ¥o4d IVI§——— An investment of any amount from §10 a month upward will result in a proportionate accumulation. hese are all matters wi be taken in sideratios: stdering the value of depos 2 \ rhe clos Call, write or phone Main 6464 for a free copy of our new illustrated booklet, “How to Build an Independent Income.” ke F.H.SMITH CO. \Founded 1873, FIRST MORTGAGE INVESTMENTS 1414-1416 EYE STREET, N. W. NO LOSS TO ANY INVESTOR IN 50 YEARS w ) ) 3 2 Electric recent ad © 3 ~——SCALE_FOR INDUSTRIALS ——» © o & THOMAS W. BRAHANY & CO. Investment Securitios, 510-11 Evans Building Washington, D. C. Main 6189 cent | seas without 4 j ruling of the uppe pect of some dis ® There will Willard N NONYIW t with the excelle; Hectr group lders s out of the questionable era and t dividend appears to be safe enoush | pr to permit the ment of u dividend | mmon sl MILLION SHARES STAVHS Indusirialy, 1923, NEW ISSUE $500,090 Wizard Products Corporation 5 (OF DELAWARE) €UMULATIVE 7% PREFERRED STOCK prise on Other local securd are held ve ange Forty Years Ago 1 Distriet of Co- 3650000 Authorized and issued $500,000. Par value, $100 ver share. Dividends cumulative and payable January, April, July and October 1. Preferred as to assets and dividends, and in case of voluntary or involuntary dissolution, entitled to payment at par and accrued dividends. Redeemable as a whole or in part on any dividend date on and after January 1, 1928, on 30 days’ notice, at $110 and accrued dividends. Nonvoting except in the event of dividends being in arrears for four quarte: periods. o DIVIDENDS EXEMPT FROM PRESENT NORMAL FEDERAL INCOME TAX | Marc 5. | April T riday 10185 A GLANCE r example: . B Fractions follc . Middlet standing c 93-31 Charles alth tod er, A. H. Brown, B, " “Cottrell, W. g, L. W, Charles T 10178 101.00 Transfer Agent: District Natlonal Bank, Washington, D. C. Defunet to Move wus formerly a dificult matter to gl move a brick house from one section | . vas in 3 v 4¥s of the ¢ That tusk has e it toithe Uited States 4%5 i “ Closing bid. 10 1 e e il e e PR=T-T=r-N=F-N-} 97-20 100.32 100 100 100.06 98-1 »-1 BUSINESS HISTORY AND EXPANSION NEEDS. The Wizard Products Corporation is incorpo- rated under the laws of the State of Delaware. and has uired a controlling interest in the Wizard Pmucta Company, an Illinois corpora- tion, through purchase of a majority of its out- standing securities. partly in the acquisition of the securities of the lllinois Company and partly in the purchase of suitable buildings and equipment for the new eastern plant, or other plant enlargement. Purpose of the Preferred Stock Issue: The proceede of this issue of $500,000 7¢ cumulative preferred stock will be devoted en- tirely to the requirements of liquid working Cotton Market Nervous. (B 16 and including Saturday, April 21, 1923, by sharp rallies, the The Year 1923 to Date on the Washington For Sale-- Vurnished by W. B. Hibbs & Co., Hibbs Building. aintained. July bre 6 ‘/2 % Notes BONDS, High. Low 3 y (h-\‘lil黑 A Stock Exchange. or the m the E . Secured by i 2 FIYTEYS LTI IRIRTLY AN Z ST 2 22 2 T STV N TR T Y first deed of —Liberty ‘. Metropolitan Ba and Trust. s Bank.. merclal Bank fergenthaler Linotype . L.anston Monotype. urity Storage Co ashington MANY PRICE REDUCTIONS 0il. Gasoline, Coffee, Rubber. Lead | Jiv to NEW MADE DURING WEEK | 1.636450 boind"teebhaion s £E08y al u 21.—Reaction- characterized weel's financial and commodity mar- | b kets. rd-breaking steel and fron pro- duction, building’ construction and | Mareh cotton consumption, there was | w noticeable slackening of demand in | & further advance in the market for tead and cop) Auring the v harply on to the seeding outlook northwest, the | wheat market today took someth: and Copper Drop—Demand of an upturn in price. o ,t0 1.22%. Corn finished }4a% to %als cent and provisions off 2 to 5 cents, this | corn market, and indirectly had a Despite additional reports of | Went lower UPTURN IN WHEAT. CHICAGO, April 21.—With nearly een’ bought for shipment to Europe, nd with bullish reports current as The cl nsettled, 3 to % cent net th May 1.24% to 1.23 anf) July 1.22% Speculative selling weakened the | earish effect on oats. Provisions n line with hog values COFFEE FUTURES SOAR. NEW YORK, Aprii There was | coffee futures owing to higher Hra- zillan cables and continued covering, rude oll, gasoline, coffee. rubbe: r prices were shaded | 5 prices broke | ent of the :nade good recovery later on Mdl-‘ - +ional reports ef a crop shertage level, smoke May sold up to 9.99, or approximately cent a pound above the recent low while December 38, or 67 ni uove the lo or 67 | toucked earlier In the w —_— Children In English schosls used to 250 yeers age F Qoo S trust on new houses located in a good residential sec-" tion of the city. NOTES OF VARIOUS DENOMINATIONS Ready for lmmediate Delivery. " Gardiner & Dent INC. 717 14th St. N.W. Main 4884 to 33 points on old c nd 6 points lower t r on the new crop months. T% sell live industrial issue backed by promi- nent Washington men will stand investi- g e 2 I APP'!y 434 Munsey Bldg. {After 10 A M. | You Can Count Upon - 7 Per Cent Return Investing money in First Trust Real Estate Notes of the type we are offering—is NOT specula- tive in any sense. % There is positively no risk—the properties in evéry instance are fully equal to covering the Trust issued. We see to that—and for that reason no holder of a Trust bought through our office has ever lost a penny. :You can invest any desired amount—$100-$500- $1,000—or more—with a sure return of 7%. Our Mr. Phelps will be glad to go into details with you. 2 SOVEIGELEIHGIEFE P T LG4 : Consult the Manager of our Insurance Dept. as to whether vour property is prop- erly protected. You should knaw, Boss & Phelps The Home of Homes 1417 K Street Phene Main 4340 The main factory of the company is at Chicag. Tlinois, with branch factories at Atlanta, Ga.. and Wichita, Kans., and branch offices in thirty- two of the larger cities. For 17 years this com- pany has been producing household specialties and labor-saving devices of the highest quality. such as floor mops, cleaning compounds, floor and furniture polishes, floor waxing prepara- tions, brushes, etc., which have become knowrn to the public under the trade mark Ni one million dollars have been expended for advertising and market expansion, and be- cause of the resultant increasing demand, for which better distribution facilities are required, the establishment of an additional factory on the Atlantic seaboard has become advisable. CAPITALIZATION. Purpose of the Bond Issue: The stockholders of the corporation have authorized the issue of $500,000 7% first mort- gage bonds redeemable at $105 and accrued in- terest. The proceeds of this issue will be used ' capital, arising from the rapid expansion of markets, which make the enlargement of facili- ties imperative. Purpose of Common Stock Issue: The common stock authorized to be issued is $500,000. The outstanding shares are held by the active management of the corporation, and none are offered to the public. PAST AND PROSPECTIVE EARNINGS. The Illinois Company, which has been acquired by the Delaware corporation, represents a busi- ness started with a relatively insignificant origi- nal capital 17 years ago, and built up to its present size and national scope almost wholly out of earnings. The present trade-mark value of Wizard Products could only be reproduced by vears of similar effort and an expenditure of millions of dollars in national advertising, This record is, we believe, sufficient guarantee to the investor in bonds or stock of the corporation that the enlarged facilities and adequate work- ing capital will produce eéarnings far in excess of the requirements for bond interest, bond redemption, and preferred stock dividends. We are offering this preferred stock for iubscription subject to aliotment. PRICE $95 PER SHARE, Plus Accrued Dividend, TO YIELD ABOUT 7 37% Stock certificates are ready for delivery through District National Bank, Washington, D. C., direct te you or through your bank. JEAN PAUL MULLER AND ASSOCIATES WOODWARD BUILDING WASHINGTON, D. C. We do na. guaraniee the siulements and figures contained herein, but they are taken from snurcer which we sileve to b T e S I L S L SR S D LA L R S PR LR L L SR LSS A L LY b \