Evening Star Newspaper, December 19, 1923, Page 29

FINANCIAL, GAINS IN STORE SALES SMALLER November Figures Due to ON USED COTTONSEED Four-Month Period Covered in Fig- ures Out Today—Stocks on Hand. Cotton seed crushed in the four- month period, August 1 to Novem- ber 30, totaicd 1.563,681 tons, com- THE EVENING STAR, WASHINGTON, D. REPORT BY CENSUS TAX COLLECTIONS = EXCEED $30,000,000, Yea. Income Levy Smaller Than ia 1922 by Total of About $9,000,000. BALTIMORE, December 19.—In- FIRST MORTGAGE LOANS Denominations | FOR INVESTMENT | * Safe Investment Pirst mortgage loans in denominations ef $300 and $1,000, secured ou improved real estate; intarest €)% per ceat, paysbie -annually. - wemi TERRELL & LITTLE, Inc. Realtors 1508 1sth Bt. N.W. Money to Loan ._C, WEDNESDAY, DECEMBER 19, 1923. FIRST "MORTGAGE NOTES For sale. - Consult us if you have avallable funds for iavestmest. FINANCIAL, FIRST MORTGAGE INVESTMENTS 6Y2% Denominati $500, $1,000 and upward. —_ Secured on Improved Properties Only 1% First Mortgages $250 and Up Write or Call for “Booklet.” Too Warm Weather—Rich- | Pered with 1,553,600 tons for the same noridaa tye and cotton seed | come tax collections at the Baltimore $100 to $6,250 mond Reports Reaction. Interest Rates 614% and 7% All loans secured on modern homes and busi- ness property in best northwest sections of the city. Ask for Intormation JAMES F. SHEA 643 Louisiana Ave. N.W. THOS. E. JARRELL Member Washington Beal Estate Board Woodward Blds. Main 768 William S. Phillips 1S5TH ST. AT K N.W. Maln 4600. Secured by first deed of trust on real estate. Prevalliog futervet’ aod_commission. i]oseph L Weller i3,V %a k & &9t i D nod at i cmber 30 totaled | omce, which includes the District of tons a ye, the census buregu|Columbia and surrounding territory, Mn("“""fl*d !fl“i - for the last quarter of 1923 totaled “otton seed products produced 1n | g ce @ to < Epecial Dispateh to The Star. the four-month meriod and Stocks on | $5:261,606.08, according to "",“ . W YORK. December 19.—De-|hand Novembe % nished by Galen L. Tait, collec of internal revenue. throughout t Crude ed slightly smal- [ Pounds, comp This was more than $1,000,000 in ex- han in pree ]A:lll‘ed with 116.8: “|cess of the amount anticipated by fng months this according Refined oil 288,288,683 | the office, Mr. Talt suid, and brought the sales barom Jmpilea by T.|Peunds, e § E | the total for the year to $30,163.042.41. planke’ ¢ < 2 The complete returns show a loss of 36 | about $9,000,006 from collections of | federal income taxes in 1922 and near- 178,062 tons, compared with|[ly $23,000,000 from the 1921 eollec- This is ascribed to Increased stions made by the last Con- and on hand, 1 i ks Money Makes Money— L. Blanke of the Controllers’ Con- ational Retail Dry n. The November in-|! the sume month last year | 4 The Ilargest fortunes of today were started by men who possessed only a few dollars, but who had the wisdom to invest for the future. . START TODAY BY BUYING OUR MORTGAGE INVESTMENT NOTES | 8 butes Youthsays: “Takea chance.” Age says: “Play safe.” Age knows the misery that follows unsound investments and empty pockets. v 10 per cent and 6 i e Iy. The contint uns weather in most parts of the country, according to Mr. Blanke, is responsi- in some measure for the smaller gains r. eral reserve districts. In unusual condition unds, pared with for the same' period a_year Refined oil, pared with Cake and m .16 8, com- pared with 10 Tl Linters. 16,602 running bales, com- pured with 11,754, | 86 pounds. com- Is there any investment ab- Qver a 5 solutely safe? Yes, These notes are safeguarded by first liens upon improved real estate in Washington, D, C., worth double the amount of the loans—so that there can be no loss or depreciation. We have them in de- nominations of $100, $250, $500 and $1,000—with interest at 6%%, payable semi-annually on the day due. Quarter | The fact that a s ate | ; - printed in fancy green scroll work is| i no proof that it is worth any . I The large: ed from the Atlanta dist & 141 per cent incre than ordinary wallpaper. Thousands cugo district is second W : of people In Washington would have Century of 5, wev ce DR SEAN, dirasd S| Gaved their money if they simply had hisd iwieh T pecicene b asked their banker to tell them what { = 1 Withont FIRST MORTGAGES —offered by this company; no one has ever lost a dollar through one of them. fie knew of some supposedly wonder- {ful investment. braces Californi a Loss Nevada, made a the figures from and Oregon, which compr ance of this district, bein er. The percentage of stores reporting ncreases throughout the country was somewhat smaller than in C 4 Of all stores N 68 per cent ni ting for increases same month in 1 figure was 77 per cent and in tember. 70 per cent. The Nove showini is the lowest sin sales barometer was initiated in Richmon The most from the fig! noted in the Phila and Richmond and the Dallas districts in the west »a 3 led all districts in October with a 15 per cent gain, comes in this month with only 4 per cent increase over 2923, The Atlanta dist having the highest crease for Novembe: district in made ga smallest in addition to Dallas, ch | centage of in- | UNDER In Convenient Denominations For Investors Interest 6¥2% N2 Eifteenth Strect ~ Main 6388 Banking Hours: 8:30 to 5 P.M. THE DEPARTMENTAL BANK | 1714 Pennsylvania Ave. N.W. UNITED STATES GOVERNMENT SUPERVISION Safety and Interest Guaranteed 49, Savings Deposits 4% 5% Certificates of Deposit5 7o | Free Checking Service Thrift Means a THRIFT is the art of saving by wise spending and one of the best methods known for getting what you want. Our Christmas Savings Club encourages thrift and teaches econ- omy, thus making it possible for you to have a substantial sum saved by next Christmas. i Frve weekly payment classes. Interest of 3%, paid if all [zay— menls are made regularly or in advance. Join today! > LRGN SECURITY Fifteenth Slreet and Pennsyloania Avenue carrraL avp sTRFLUS $5,400,000 Branches: CeNTRAL—TTR AND MAssAcHUSETTS AVve. NorraeEAsT—87a AnD H S8, N.E. SourAwesr—436 7tr St. S.W. Norrawesr—1140 151 Sr. EQUITABLE Co-Operative Building Association Organised 1879 44th YEAR COMPLETED Assets .. -$4,755,170.52 Surplus...... :n.mmo.n Save Systematically n: mn'zufivl wfiflof T‘V- il‘n‘d l:itl'n!o n."lc?n :n l‘anltibl‘;. Subseription for the 86th Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, President F K P. REESIDE, Secy. E i zf Capital One Million Dollars 14th & H Streets Experienced Investor Needs no further advice than to know that he is buying First Mortgage Notes Secured on Improved Wash- ington City Real Estate We Attend to_all other details. Collect and see that your 7% interest is collected and re- mitted the day due, whether you live in the city or else- where. Now Is the Time to Reserve Your January Investments if the selection of your January investments is put off until after your funds are in hand, and a!zo to get exactly the maturity date and the interest yield that you want, it is the part of wisdom to mak: TO prevent the loss of interest which will occur ' your reservations now. A ----She EH.SMITH (;DMPANY £EF We have available for immediate delivery or Jan- uary reservation First Mortgage Coupon Bonds, strongly secured on income producing property, gnd backed ‘l_:y our record of no loss to any investor in 50 years, in which you can invest for any period from three years to fifteen years. As only a limited amount is available in each year’s maturity, we suggest that you place your order or reservation promptly. un"ll'hene Filnt Moflg:gse Bond; lue sold outright or er our Investment Savin in d i :i LS]OO, $500, $1,000 and s's',ooom 'lll'lheyen ;i:;l;.stliz;: Federal, State and District of Columbia Tax- Free Features Bring the Gross Yield to Over 7% MERRY CHRISTMAS Main 2100 for full information [SHANNON-& LUCHS 713 14th Street N.W. Main 2345 B. F. SAUL CO. 1412 Eye St. N. W, e ea ASK OUR MORTGAGE DEPARTMENT $850,000 Iron City Sand and Gravel Company PITTSBURGH, PA. First (Closed) Mortgage 6% Sinking Fund Gold Bonds Dated December 1, 1923 Due December 1, 1930 Redeemable in whole or in part on any interest date at 102} ard accrued interest upon thirty days published notice. Registerable as to principal only. Interest payable without deduction Jor normal Federal Income Taz. State, City, and County Tazes not exceeding 6} mills refunded, if applied for within siz months of payment. Authorized $850,000 To be issued $850,000 DENOMINATIONS: COUPON BONDS OF $1,000 AND $500 Principal and Semi-annual Interest (June and December 1) payable at UNION TRUST COMPANY OF MARYLAND, Trustee Application will be made te list these bonds on the Baltimare Stock Exchange Mr. George Varg, President of the Company, has summarized as follows: BUSINESS: This Company is the outgrowth of The Iron City Sand Company, which has been in successful tion for over thirty years. At present the Company is one of the largest producers of sand and gravel in :& Pittsburgh district. 4 . SECURITY: These bonds are secured, in the opinion of counsel, by an absolute closed first mortgage on property appraised for the Company by M ates & Burchard, of Chicago, at a net sound depreciated value of approximately $1,728,000, in addition to which the Company has other fixed assets valued at $367,186 and net quick assets of $326,784. As a result of having to earry practically no inventories, the Iron City Sand Company has always been in strong liquid asset condition and has never had a bank loan. EARNINGS: For the past aixgem net earnings applicable to interest and sinking fund have not been less than $309,291 in any one year and averaged $352,781 per annum, or approximately seven times interest charges. TIn no one of the past six years has the Company failed to earn the maximum interest charges on this issuc at least six times. e Company’s net earnings, as certified by the auditors, before depreciation and Federal Income Taxes but after deduction of all State, City and County taxes applicable to interest and sinking fund of these bonds are as follows: Year ending December 31, 1921...............$362,194 Year ending December 31, 1922.... 377,074 *Year ending December 31, 1923............... 362,000 Year ending December 31, 1918...—.—...$318,314 Year ending December 31, 1919. e e 387,808 Year ending December 31, lm.___—._—. 309,296 mt«mmmmmmmmmwmemy, with November and December partly estimated. The average yearly earnings of this Company are 413% of the Bonded Indebtedness. FUND: There will be paid a minimum smount the first 18 months of $17,777.77 per month and tslfgexa}tl:rcs minimum amount of $13,333.33 month, to the Trustee, for the payment of interest and ,e:i;L ment of these bonds thus insuring a quick an ready market for this issue. This Sinking Fund will retire a mini- mum of one half of the bonds the first three years and the entire issue prior to maturity. -finn—-nh{ummwnetmcm . have been passed upon by Mossrs. Alter, Wright :and Reed, Smith, Shaw & McCla; unmmn.umwm Baetjer & { Mensrs. mnm A'mehnb—m’lfl Day & Zimmerman, Inc.. of um:);hua:n?fi:%um We offer these bonds when as, and if issued and accepted by us. Price: 94 and Interest, to yield 7.10% TOWNSEND SCOTT & SON STEIN BROS. & BOYCE FIRST MORTGAGE INVESTMENTS ‘Woodward Bullding ‘Woodward Building J For. deteliod informution, sond SMITH BUILDING 815 FIFTEENTH ST. Baltimors Camberiand Baltimore Richmond Notes _in amounts of $100.00 Please send me information about i which Upnu Pt o tmmediately available in maturines 6] s whlr;t Mortgage Investments which are The statements contatied haretz, Wifls B0t gUArastoed, are based wpon information snd advice we beliove to be accurate and reliable. Chas. D. Sager : ; ' s 924 Fourteenth Street N.W. Sl Main 36 crrvrreonens o AGHPOBE woene i re it crrer s ain e nanae ]