Evening Star Newspaper, April 24, 1923, Page 23

FINANCIAL. Money to Loan s and Investment Properties . Large Amounts i1 Lowest Rates i Prompt Action WEAVER BROS. 735 15th St. LOANS 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. Percy H. Russell Co. S.W. Cer. 15th & “K” Sts. EQUITABLE Co-Operative Building Association Organized 1879 43d YEAR COMPL) ED Ansets . ... 637,959,568 Surplus ... JS0.880.91 Savings With Best Results te the habit of systematic nd you will accomplish more n 4 financial was. Suhseription for the 84th Issue of Stock Being Recelved Shares, $2.50 Per Month You can save: Money and be Relieved from Worry by Intrusting your Properties to us for Management — If your Time is of any Value. That’s Our Business B. F. SAUL CO. Mortgage Loany 1412 Eye St. N.-W. Phone Main 2100 SINCLAIR Pipe Line Company 20 Year S. F. 5% Gold Bonds Due October 1, 1942 NET EARNINGS available for interest charges. de- preciation and Federal taxes for the vear 1923, amounted to sub- stantially over six times the an: interest charges on these Bonds although no benofits wers derived from the financing during the first three-quarters of the year. Offered at price to yield 6.25% THE EVENING Capital & Surplus, $2,000,00000 It’s As True —that dollars will look after themselves if you husband the pennies carefully. 5 Which invites mention of the 1 fact that, big as it is, this bank % accepts deposits in any amount —pays the same rate of interest on accounts, large and small. : . . { National Savings & Trust Co. ) 56th Oldest Savings Depository in Washington Year Cor. 15th and New York Ave. Established 1559 Iy Copuepient Depemipatiops For Ipuestors ™ STAR, WASHINGTON, D. C, TUESDAY, APRIL 24, LOANS $100 to $300, at legal rates, only on real estate, stocks, notes and personal security. Ng brokerage or charge for drawing papers. VA. FINANCE AND SMALL LOAN CORP., —faciug new Key Bridge, Romsiyn, Va. Take Georgetown car. ~ P} nd 280 Conservative Investor Information Upon Request Stein Bros. & Boyce Bankers 211 Woodward Bldg. A Sure Income A sure and safe in- come from invested funds is the goal of every prudent man or woman. Thousands of shrewd money-savers have made Straus Bonds the foundation of their investments, because these bonds are safe and providea sure income, year in and year out. Investi- gate. Call or write today for BOOKLET 938-G 1923. This chert shows the growth of a monthly investment of $20 under our Investment Savings Plan. If you would like to know more about this simple, safe way t0 increase the income from your savings, call, write or phone Main 6464 for our free booklet, " How to Build an Inde- pendent Income.” FINANCIAL. T&E accompanying mcll:,m shows surprising at 6%% compound interes,oof an invest- ment in our First Mortgage Bonds of $20 a month. Atthe end of 25 years, for example: You will have invested - $6,000.00 You will have received in interest - - . . 8,619.25 You will have accumu- lated - - - - $14,619.25 In other words, strange but true, the total interest received will be $2,619.25 more than the total principal invested. You can invest any amount, from $10 a month upward, to earn a proportionate amount of interest. NO LOSS TO ANY INVESTOR IN 50 YEARS Circular upon request , ; Jhe F.H.SMITH COMPANY S.W.STRAUS:& CO, : Founded 1873 ";':‘;;‘;::‘:;‘“;;T';;:'fi FIRST MORTGAGE INVESTMENTS 1414-1416 EYE STREET, N. W, ‘Washington, D. C. Teleohone Main 5847 41 years without loss | to any investor | ©1923—S. W.S. & Co. EQU];{IASB% %LB&I &L DING The National City Company JOHN JOY EDSON. Preaident Washingt I5th St, NW. FRANK P REESIDE, Secy. { 4 sin 3116 GILT-EDGE SECURITIES 7%, First Mortgage Notes Scecured 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 Save and Invest There is no such thing as passing dividends in a well secured Real Estate note. Not that you should not own some stocks, but YOU SHOULD OWN SOME TRUST NOTES. These notes are known to be : $5,000,000 Archer-Daniels-Midland Company (To be presently Incorporated) Seven Per Cent Cumulative Preferred Stock Preferred as to Assets and Dividends. Redeemable in whole or in part at $115 per share and acorued dividends. Holders of Preferred Stock have the right to buy from the company at any time up to May 1, 1926, at the rate of $50 per share, one share of Common Stock for each two shares of Pre- ferred Stock held. On or before January 1, 1925, and annually thereafter, from out of surplus and net earnings, at least three per cent. of the largest amount in par value of the Preferred Stock that shall have been at any one time outstanding, shall be acquired by the company by redemption or by purchase at not to exceed $115 per share and accrued dividends. Application will be made in due course to list both the Preferred and Common Stochs on the New Yerk Stock Exchange The Seaboard National Bank of The City of New York National Bank of Commerce in New York Transfer Agent. Registrar. Te be Presently Autherized $8,000,000 225,000 Shares SAFE INVESTMENTS il “ WITH A WIDE MARGIN OF SECURITY Paying 6 and 6% (PAYABLE SEMI-ANNUALLY) National Mortgage & Investment Corporation 811 Vermont Avenue N.W. e— = Shannon & Luchs First Trust Notes MONEY TO LOAN Buiit on a Straight Line of Return Not a Fluctuating Value ON FIRST MORTGAGES Sold in Denominations of $100, $500, $1,000 FULL INFORMATION I‘SHANNON -& LUCHS Since 1906 MORTGAGE DEPARTMENT 713 14th St. N.W. CAPITALIZATION SEVEN PER CENT CUMULATIVE PREFERRED STOCK (Par Value $100) Dividends Payable Quarterly, Cumulative from May 1, 1923. COMMON STOCK (No Par Value) Te be Presently lssued $5,000,000 200,000 Shares AT CURRENT RATES OF INTEREST Information in regard to this issue and the new company is given in a letter from Mr. J. W. Dan- iels, President of the Archer-Daniels Linseed Company, who will be President of the new company, copies of which may be obtained from the undersigned, and which he has sum- marized as follows: Business and The Archer-Daniels Linseed Company and the Midland Linseed Products Company Managenment: started in business more than twenty years ago and have both grown steadily. TN The new company will take over the business and properties of the Archer-Daniels Linseed Company and will own all of the stock of The Toledo Seed and Oil Company and of the Dell- wood Elevator Company, Inc., except directors’ qualifying shares. It will at the same time become the owner of all of the plants of the Midland Linseed Products Company, which company, however, will retain the operation of those plants for its own account until July 1st next in order to liquidate its commitments. The new company will then have the largest capacity for linseed crushing in the world and will operate as a unit the adjacent mills of the Archer-Daniels Linseed Company and the Midland Linseed Products Company at Minneapolis, Toledo and Edgewater, New Jersey, as well as the plants at Chicago and Buffalo. Substantial economies are expected to follow the consolidation. The new company will be managed by those who have been primarily responsible for the past suc- cess of the Archer-Daniels Linseed Company. Sales and The net sales and net profits of the Archer-Daniels Linseed Company, The Toledo Pn_fit % Seed and Oil Company, the Dellwood Elevator Company, Inc., and the Midland Lin- —_— seed Products Company, before deducting Federal income and profits taxes paid but after giving effect to Federal taxes at the present rates, for the six years and six months ending March 31, 1923, as certified by Messrs. Price, Waterhouse & Co., Public Accountants, were as fol- lows: 2207 Cnneclicut (Boence Your Business Ability Cannot Be Left to Y our Heirs 'S( OU may leave your heirs valuable real estate, a profitable business, “gilt edge” securities, a life insurance policy, but— YeLoroats betere datucting Fiscal period or taxes paid but after giv- year ending ing effect Aug. 81 or Sept. 30 1917 1918 ... You cannot leave them your buSiness experience. Think of your heirs, one by one, for a moment. Which of them has the capacity for managing your estate as well as you yourself could? To which of them to- day could you feel safe in resigning the care of your property with the assurance that he or she would conserve it and make it grow? Net sales $31,775,938.87 . 41,042,245.92 42,571,579.49 58,580,758.96 - 36,068,761.52 101,550.66 30,513,016.17 1,043,954.01 Six months ending March 31, 1923 18,909,128.34 ' *X;***1,000,000.00 The average of these earnings for the last six years is in excess of three and three-quarters times the annual dividend requirement upon the issue of Preferred Stock, and the earnings for the last six months are at the rate of more than five and one-half times such dividend requirement. Business for the past six months has been active and profitable as shown by earnings. Conditions surrounding the industry are most satisfactory. Demand for the products is very strong. Plants are booked to capacity for as far ahead as the Company is willing to sell and a prosperous year seems assured. Assets: The Balance Sheet of the new company as of March 81, 1928, certified by Messrs. Brice, Waterhouse & Co., Public Accountants, after giving effect o the issue of its capital stock, shows tangible assets of $14,955,998.44, of which $7,407,054.66 are current assets, against cur- rent liabilities of $3,407,054.66. There is no funded debt. . 731,262.31 1,938,053.78 2,817,313.80 The expert management of estates is one of the important functions of the American Security. Write or call for Fathers.” booklet, -“To Husbands and Every Banking Service 3% COMMERCIAL ON 54 [/l‘N(; S Wa offer $4,750,000 of the above steck for subscription, subject to allotment, whes, as and if isowed and accepted by us, at: $98 Per Share and Accrued Dividend This offering is made in all respects subject to the appproval of Messrs. Sullivan & Cromwell, New York, N. Y., for the Bankers, and of Messrs. Mitchell, Doherty, Rumble, Bunn & Butler, 8t. Paul, Minnesots, for the company. We reserve the right to reject any or all subscriptions in whole or in part, to allot less than the amount applied for and to close the subscription books at any time without notice. - 1t is expected that delivery will be made at the office of Goldman, Sachs & Co., 30 Pine Street, New York, N. Y., C against payment in New York funds, on two days’ previous notice, on or about May 11, 1938, in the form of temporary stock certificates (or interim receipts), exchangeable for definitive stock certificates when prepared. GOLDMAN, SACHS & CO. LEHMAN BROTHERS New York, N. Y. New York, N. Y. LANE, PIPER & JAFFRAY, Inc. Minneapolis, Minn. April, 1923, The statements centained in this advertisement are is 0 event te be construsd 48 repressatatiens of the Baskers. 15th and Penna. Ave. Capital and Surplus, $5,400,000.00 HOME SAVINGS BRANCHES 7th and Mass. Ave. 8th and H Sts. N.E. 436 7th St. S.W.