Evening Star Newspaper, October 27, 1924, Page 21

FINANCIAL, NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office Stundard of Indiana, Gulf of Penn- and Gas werc sold and Red Bank pressure. South better suppo: ) Petroleum, whi BY WILLIAM F. H NEW YORK, Octobe action of the curb m was evident that the chiefly concerned with the RNAN. rom the e the one « ency and culative attention. wonew high welld ment rdinz the the future of the indust 1y cent of the The new issuc Tel : U 5 Un Uuit Baker.e 5 Ward Buk Cor . Ware Rudio Corp Western Power pfd. Yeliow Tuxi N Y.. MININ Pub Ser of N_ J Pub Ser of N Protect Your Money. Life's dray in w major sense, is i d his envi- 4 United Drug Vacuum Ol FOREIGN BONDS. % Ind M Bk Finland 75 91 Kgm Neth'l 2 L Aus Hy E 7 Rep of mm MONEY TO LOAN On Improved Property in D. C. and Md. ANY AMOUNT—THREE. FIVE add TEN YEAR TERMS Lowest Rates Swiss Govt BUILDING PROJECTS FINANCED Bales in STANDA FRED T. NESBIT Investment Bl in 9392 ey R of money on hand Vo make every ioan offered if the security is satisfactory Wo are loaning our money at 5%:%. E Quincy Smith, Inc. || | 909 15th Street N.W. . Wuhlnx(on, D.C. We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond ' Department The Washington Loan and Trust Company 900 F Street 620 17th Street 1 Mex Panuco 12 Mount Prod 93 Mutual 0il vot n 5 Bilyn City B B... € Gentrif Pipe ... % Chatterton & San Mg A Nip A Childs Co new. Colum G B pew bt Commonwlth Edison We have on hand First Mortgage Notes in de- nominations of $250, $500 and $1,000, secured First Mortgage on high class Nor t hwest property. These notes bear interest at 7% per annum, payable semi- annually. We heartily recom- mend them as a safe con- servative investment. Moore & Hill, Inc. Main 1174 730 17th St. N.W. Member Washington Real Estate Board 7 Omnibus Corp ‘A Pl 1 Omnibus Co v t cf 1 Paige Motor . 1 Pathie Exg Inc A. 1 Ritt T M O Cpf wi The Prestige- —and satisfaction that arise from “standing” at the Metropolitan, reaches a solid century and more of continuous service to the public. The OLD- EST NATIONAL BANK in the District of Colum- bia wants to serve YOU. National Metropolitan Bank | OLDEST Natienal Bank in the City ‘ 19 | 15th St., Opposite U. S. Tl:euury THE Dean, Onativia & Co. Stock Exchange Building New York EVENING COTTON GRAINS COFFEE SUGAR MEMBERS New York Stock Exchange N. Y. Cotton Exchange Chicago Stock Exchange SucagoiBoatdiol New York Curb Market Association . Produce Exchange Minncapolis Chamber of Commerce WASHINGTON OFFICE Main Floor, Woodward Building Phone, Main 2040 JOHN CALLAN O'LAUGHLIN, Manager Personal Attentlon to the minutest de- tails of service is con- stantly given by the head members of BOSS & PHELPS REALTORS 1417 K Street Main 9300 \"Tlmc Home of Homes™ Equitable Co-operative Building Ass ol FRANK P. REESIDE, Sec’y 4+ith YEAR COMPLETED Surplas . -$1,203,561.43 JOHN JOY EDSON, President Organized 1579 . .$4,841,727.46 Subscriptions for the 87th Issue of Stock Being Received Join the Equitable and Save Systematically Through years the effective- ness of this plan has been shown. It has helped thousands to financial independence, as it will help you. 915 I’ Shares $2.50 Per Month 5z Increasing Values Insures the Principal HIS house has engaged exclusively in real estate first mortgages for over half a century. Such a long experience enables us to visualize increasing values of Washing- ton real estate which correspondingly in- creases the value of our First Mortgage Notes. So, in addition to yielding 6. per cent— and more—the increasing value insures the principal. SWARTZELL.RH HEEM &HENSEY Co. = LSl AW ((»asllmeion.l).c 55 Years Without Loss to An Investor. A PLAN TO HELP YOU INVEST SAFELY If vou gcannot afford to take chances with your money— If you want the oldest, sim- plest and best of investments— If you want to make your own investigation of the secur- Quarter ity you buy— of a If you want absohlute safety without the slightest worry— Then buy our OUR FIRST MORTGAGES SAUL CO. 1412 Eye St. N.W. Century Without N a Loss B. F. Main 2100 _ Money Available for First Deed of Trust Loans 637 Interest Prompt Replics to Applications JAMES F. SHEA 643 Lolmmu Ave. NW. FEDERAL-AMERlCAN NATIONAL BANK RESOURCES $13.000.000 1315 F ST Joun PooLE Preseenr Free Course in Banking to All People How can you get it? It is yours for the asking. We have for free distribution a booklet, “BANKING FACTS,” giving you full information. Call in person at this bank and get your copy. No obligation on your part ex= cept to read it. THE DEPARTMENTAL BANK Your Bank 1714 Pennsylvania Ave. N.W. Under United States Government Supervision SEOP YOUR INCOME LEAKS! You ought not to be satisfied with a return of only 3 to 5% on your bonds and d:- posit certificates WIIE ‘ou can ob- tain a 6% vyield by investing yvour funds inour FI GAGE NOTES. They are absolutely safeguarded, because secured upon I M- PROVED real estate in the District valued conservatively at twice the amount of the first mortgage. Send for descriptive booklet. Mortgage Investment Dept. (SHANNON_& LUCHY) 713 and 715 l4th St N.W, Main 2345 JFirat Mortgage Loans | Thomas J. Fisher & Company, Inc. FINANCIKT. Reasonable Rents for Suites or Single Rooms High Ceilings—Ample Light Day and Night Elevator Service in Modernized Federal-American National Bank Bldg. 1317 F Street N.W. Apply Room 505 Phone M. 256—M. | Money to Loan iSe-*ur'd by first deed of trust on real cstate, Provailiog interest aud commission Wasb. Joseph I Weller - & Trust Desirable Offices —in our bank building, fac- ing New York Avenue, now available. Reasonable reat. Apply main floor. CITIZENS’ SAVINGS BANK 1336 New York Avenue “When Buying” Our 7% First Mortgage Notes Prompt Action Mr. O'Donnell, Mgr. Capital One Million Dollars 14th & H Streets Lowest Rates of Interest and Commission 924 14th St. N.W 738 15th Street TR Mortgage Bond & Guaranty Corporation WASHINGTON, D. C. (Tacorporated Under the Laws of Virginia) Authorized Capitalization 350,000 Shares 8% Cumulative Preforred Stwok. . 250850 Smres Coraca Steck peoe vale 51600 3599000 Command— HIS truth is more forcibly brought home to us each day: You command what your dollars command. If you would have power, increase your wealth by investing in securities that couple safety with liberal returns. The Mortgage Bond and Guaranty Corporation deals exclusively in First Mort- gages, secured by improved, income-producing real estate. It is recognized this is the safest field of investment known. The constant turnover of the capital, through the sale of guaranteed First Mortgage Certificates, assures a very attractive return to the investor. ‘The management comprises a group of bankers, real estate and business men of excellent character and high standing. They all enjoy unbroken records of success and their expert knowledge is especially adaptable to the profitable and conservative management of this Company’s business. A portion of the stock of the Mortgage Bond & Guaranty Corporation is now being offered at the same price paid by the officers and directors. The cumulative preferred stock bears an immediate return of 8%. The dividends are free from the normal Federal income tax and the stock is free from the D. C. and Virginia intangible tax. All dividends over and above the 8% paid on the preferred go to the common share- holders. These securities may be purchased on an attractive partial payment plan. No interest charge on deferred payments. Regular preferred divideads applicable to amount paid in. 1 Share 8% Cumulative Preferred. 2] 250 1 Share Common. s An Institution Is As Strong As Its Management Marry A. Kite, Predident Prank P. Morse. Secretors W. O. Peirson President, Harry A. Kite, Ine. Manager, Washingron Branch Vice-President. Biibiers nd Hout Patnts e edmond & Co, loves:men Baltimore, Md Usica Trwst Co. Appleton P. Clark, Jr. Vice-Presidemt—Archétect ancg Company. Hugh A. Thrift, Vice Prendent Secretary-Treasurer, Thrif: Building Companr. W. J. Waller, Treaswrer Vice-President, Federal American Nationa! Bank. re e Director, Equitable Life immc- p o George E. Waiker C. B. Taylor Burke o President, Burke & Hesoer: Lomier Dule Bankers, Alexancria, Va. Hughes Vice-Pres.-Cen. Mgr., Nationa Mortgage & Investment Corn William D, President [ e James H. Preston Vice-President and Coansel Calvert Bank, Baltimore. Md Formerly Mayor of Baltimors. e John F. Donoboc Sons, Real 1. 8. Gruver, President, Thrift Building Co Estate, Insurance & Investmems. HUGHES & COMPANY INCORPORATED) INVESTMENTS [ Telephones Mainy 854 331 HLGHBS & COMPANY 1413 Eye 5t. N.W. Washingten, D. C. Please send me yoxr descripisve bookiet. Name Stree: Address 1418 Eye Street, N.W. e talotrttatody | o All of these Bonds having been sold, this advertisement appears as a matter of record only. New Issue Dated November 1, 1924 t parable to principal only The credit of Sweden ranks high in the financial markets of the world. indicate a §% Exchange. $30,000,000 Swedish Government Thirty Year (Extemaf Loan) 5%2% Gold Bonds Due November i, \h~ 1 and November | [ n Bonds in deno ations of $1.000 and $5 regeter: Principal and interest pay n w York City United States gold « of the present standard of weight and fineness. THE NATIONAL CITY BANK OF NEW YORK, Fiscal Agent of the Loan Not Redeemable for Ten Years Redeemable, as a whole but not in part, at the option of the Government on November 1, 1934, or any interest date thereafter, at 100%. Recent quotations average vield basis for nine representative loans listed on the Stockholm Stock The Swedish Government 6% dollar loan due 1939 now outstanding in the New York market is quoted to yield 5.40% to maturity, and less than 5% assuming redemption in 1929, the earliest callable datc For the fiscal year ended June }0 1924 ordinary revenues amounted to $ .882,835 and nrdmzry cxpcndlmrcs $166,124,126, leaving a surplus for the year of <11, ,,S 709. The seryv- ice of the debt for the same period, including interest and amortization. totalled $23,849.730. or 13.4% of ordinary revenues. We are officially informed that the preceeds of this loan will be used to meet, in part, recent capital expenditures by the Swedish Government, including posts, telegraphs and telephones, state railroads, hydro-clectric developments, loans in aid of ngnculture loans to privately owned railroads, and miscellancous state enterprises. Application will be made to list these Bonds on the New York Stock Exchange We offer these Bonds if, as and when issued and received by ws, subject to opprovel of commsel. Kuhn, Loeb & Co. _ First National Bank, New York Kidder, Peabody & Co. Continental and Commercial Trust and Savings Bank, Chicago The Union Trust Company of Pittsburgh First National Bank, s:. Paul Delivery in temporary form is expected om or about November 11, 1924, Price 992 and interest, yielding over 5.50% The National City Company Guaranty Company of New York Brown Brothen‘& Co. Lee, Higginson & Co. Mellon National Bank, pittsburgh Anglo & London Paris National Bank, san Francisco The above information has beer! obtained, partly by cable, from official statements and statistics. Whil tee we e e charents T A1 batistic reisting (3 Torcen oms ‘mee exorestad . vt of b e Sypile edlas S e