Evening Star Newspaper, December 10, 1924, Page 29

FINANCIAL. WOULD AVOID “TOY' . oces o=, .| Money to Loan Secursd by first dead of trust on 1 estate. Prevailing intarest ‘I;l“flwl:im:‘ll Trust 0 W % ru | Joseph 1. Weller e oth & F WW. ) 2 THE EVENING STAR, WASHINGTON, D. . WEbN'ESDAY, DECEMBER 10, MONEY TO LOAN Any Amount I Apartment Houses Business Property 1924, FINANCIAL, STAGE [N RADID . Expert Warns Against ldea:: New Seasonal Model Is Needed Every Year. BY J. C. ROYLE, EW YORK Sets for “Mladle '!First ac isect pfa.’. Ity Co. 1st pd NATIONAL BANK RESOURCES $13000.000 1315 F ST Jomw PooLE Parssen FIRST MORTGAGES FOR SALE 612% OF SECURITY RVATIVE IN DENOMINATIONS TO SUIT PURCHASERS JAMES F. SHEA 643 Louisiana Ave. N.W. Prompt Action Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. 30005 TIT §8L S O W75 I o a 3 2 g -8 2 @ o] 2l LU 5% PER CENT MONEY ney upon money g it E.Quincy Smith, Inc. 909 15th St. N.W. 3 Transportation Building 17th and H Sts. For Rent OFFICE ROOMS Single or En Sulte No Dark Reoms One Large Suite Now Available Six Rapid Elevators, 2d-hour Service APPLY Randall H. Hagner & Co. 1321 Conn. Ave. Phone Main 9700 ARERRERERRRRERRER AR RUUERURRRRLS o o) Wanted $250,000 5 or 10 Years —6% to be secured by first mortgage on property that will sell under the hammer for §500,000. Will stand fullest in- vestigation, both as to security and applicant. Liberal com- mission. Principal only. ! Address Box 22-E, Star Office Mortgage Loans| Adirondack Power and Light Corporation We recommend for invest- ment the First and Refund- ing 5% Bonds due March 1, 1950, of this corporation. Over 70% of the present total installed electric gen- erating capacity of this oration is hydro-elec- trically generated. Price 100 and Interest Yielding 5.50% Send for descriptive circular W-513 E. H. Rollins & Sons Founded 1876 416 Woodward Bldg., Washington Boston, New York. Philadelphia, Chicago, Denver, San Francisco Men Who Think Ahead— that will free care and want in inking men will are secur improved Washington the amount Mortgage Investment Dept. 713 and 715 14th St. N.W. Main 2345 | TO FEDERAL BUILDING PROJECTS FINANCED FRED T. NESBIT AND ALL OTHER PEOPLE WE _WANT YOU AS ONE OF 50,000 NEW INVESTORS iN THE SAVINGS DEPARTMENT “YOUR BANK” T get your investment we will loan you ONE HUNDRED DOL. LARS WITHOUT INTEREST OR ENDORSEMENT. N The only condition I will leave it on depo: ings account for ol pay us back ten dol Your one-hundred-dotiar invest. ment will bear interest at 4% per annum, compounde’ semi.an- nually. At the end of one year your $100 Investment will be worth $104.04, Under the usual 4% savings plan, it you save $10 a month for tcn months, your $100 at the end of one year would be worth $102.52. Come in and talk with us about this new investment plan. Banking Hours—8:30 a.m. to 8 p.m., except 1st, 2nd, 15th, 16th, 17th and last day of each month, 8:30 a.m. to 5:30 p.m. Saturdays, 8:30 a.m. to 1 p.m. THE DEPARTMENTAL BANK “YOUR BANK" 1718 PENNSYLVANIA AVENUE N.W. Under United States Government Bupervision (o] January Reservations Made Now & TTHE experienced investor secks scasoned securi- ties, of proven safety and with a good yield, for the tment of January ery Smith Bond is a y secured first mort- vest it, backed by our record of no loss to any investor in 51 years. Reserve your Januar: vestme now, arr; for payment at whatever time next month your funds will be in hand. Call, write or telephone Main 6464 today for de- scriptions of current offer- ings paying 7% SMITH BONDS ARE SAPE BONDS The F. H. Smith Co. Feunded 1873 FIRST MORTGAGE BONDS Smith Building. 815 Fifteenth St. EMPLOYEES || OFFICES Conveniently Located Renting an office is a matter of con- venience. Otherwise we could all do busi- ness from our homes. The greater the con- venience the greater the value from the rem. This new building, in the very center of the business life of the city, offers com- plete service, fine offices and advantages of location—all at reasonable rents. In- spect it. SAUL BUILDING 925 15th St. N.W. B. F. SAUL CO. Main 2100 925 15th St. N APPLICATIONS INVITED for LOANS on ) IMPROVED PROPERTY Located in the District of Columbia and adjacent Suburbe in Montgomery County, Md. 5: % INTEREST :fl pply to H. L. RUST COMPANY LOAN CORRESPONDENT Ghe PRUDENTIAL INSURANCE COMPANY of AMERICA 912 15th Street N.W. Main 6888 Bond Salesman A"New York-Chicago Investment Banking institution is desirous of locating a high-grade experienced bond sales- man to represent them in and about Washington. This House, in addition to underwriting many entire bond issues, participates in the larger syndicates, thus providing a general and diversified list of securities for its sales department. Cnmrenu(lon is afforded through a most liberal com- mission arrangement which will strongiy appeal to the experienced man who can produce consistent results. An interview will be granted the more likely applicants and in any event correspondence will be treated in confidence Address “E. S. L.”—Post Office Box 64, Trinity Station, New York [ 6ic 3% Guaranteed First Mortgage Notes Secured by Improved D. C. Real Estate. Written Guar- antee Backed by More Than $1,800,000 Resources as to— 1st. Security of principal all the time 2nd. Attractive normal income 3rd. Prompt consecutive interest payments 4th. Full return of principal when due 5th. Freedom from all care and management. REAL ESTATE MORTGAGE & GUARANTY CORP. Resources over one million eight hundred thousand L. E. BREUNINGER, President, 26 Jackson Place Metropolitan Housing Loans (Metropolitan Life Insurance Company) In the District of Columbia and suburbs in Maryland and Virginia These loans may be made for 15 are very advantageous to the borrower for the reason that they eliminate extensi. or new loans, at the end of short pers No Life Insurance requirements. BUILDING LOANS WEAVER BROS., REALTORS 735 15th St. N.W. Phone Main 1821 All of these bonds having been sold, this advertisement appears as a matter of record only $650,000 Central States Utilities Company INCORPORATED First Mortgage 6% Gold Bonds Series “A” Our 61, - o7 and 7% first mortgage notes on perty repre- westment. lable in amounts of $230 up. Apply to our Loan Dept. We Offer a Limited Number of Guaranteed First Mortgage Notes Denominations $30, $100, $250, $500, $1,000 Secured by Original Mortgages in Washington HE consistent carning power of these notes, together with the class of properties which secures them, makes an extremely AT- TRACTIV INV MENT for Interest the CONSERVATIVE INVESTOR [nterest or the accumulation of savings. Interest Paid the Day it is Due GOLDSMITH & CO. J. M. N. GOLDSMITH, President The Goldsmith Bailding 1405-7 Eye St. N.W. Dated December 1, 1924 Interest Due December 1, 1949. semi-annually, December 15t and June 18t, at Guaranty Trust Co. of New York, and The Union Trust Co., Detroit, Michigan. abls on or before December 1, 1929, at 106 and acerued interest; if redeemed after December 1, 1929, but on or before Decem- ber 1st, 1939, at 10} and accrued interest; if redeemed after De 122, 1989, at 102} and accried interest. Coupon Bonds, Denominations 81,000, 8500, $100. Registerable as to principal only. The Company agrees to pay the Normal'Federal Income Taz not in ezcess of 2%, and will refund upon pro- ‘per application presented within 60 days after thereof, u.qf‘"‘ mill taz wn Maryland and 4 mill taz in Pennsylvania. Taz free in the State of Michigan. This Issue has been approved by the Michigan Public Service Commission. Wm. H. Saunders Co., Inc. REALTORS 1433 K Street N.W. Main 1016, 1017 HIIl\Illl||il‘l|l|llll|lll|l|ll|l|il|l|I:lIIil|l|||llll|l|l|||llll|§ Buy Good Second Trusts Banking Trust & Mortgage Company 1410 G St. N.W. Franklin 5794 Main 9670 The Union Trust Co., and Charles R. Dunn, Detroit, Michigan, Trustees. Over Twice The Face Amount Of each 69 First Mortgage Investment Note is represented by the market value of care- fully selected real property security. Your protection is our first consideration! These Investment Notes are available in denominations from $100 to $100,000 WA MAN Construction Company L4430 Kstreet - ‘NS '- ., BUSINESS—The Central States Utilities Company, Inc., is engaged in the manufacture and sale of artificial gss for domestic and industrial consumption, serving without competition the following cities in the State of Michigan: Monroe, Coldwater, Hillsdale, Grand Haven, Ferrysburg, Spring Lake and Highland Park. The properties have been in operation more than 40 years. TERRITORY—The cities served by the Company are growing and prosperous communities in southern and western Michigan. Monroe is the home of many diversified industries, such as paper mills, steel cabinet works and automobile accessory plants. It is 40 miles southwest of Detroit and is served by the Pere Marquette, Bsltimore & Ohio and Pennsylvania Reilroads. Hillsdale and Coldwater are near the southern boundary of the state and are surrounded by rich agricultural country. Both are cities of industrial by the New York Central Railroad. Grand Haven is a port on Lake Michigan. Its harbor accommodates the largest lake steamers, and rail facilities are provided by the Pere Marquette and Grand Trunk Railroads, shops of the latter being located there, Ferrysburg, Spring Lake and Highland Park are adjacent to Grand Haven. ity served GOVERNMENT’S COTTON REPORT WELL RECEIVED Figures Highe: SECURITY—The bonds are secured in the opinion of counsel by a direct first mortgage on all physical property, rights and franchises now owned or hereafter acquired by the Company. The valuation placed on these properties by William A. Bachr & Company, Engin- ots saBNovemEerrash s brsilcal ol e nllesder e tiom (N asi0s it o e e SR AN o Nl $650,000 bonds. This shows a property value of $2,608.40 for each $1,000 bond. EARNINGS— in Four Years, But Small Carry-Over Helps . Conditions. 1923 $308,688.19 ..... 209,271.51 **1924 $325,269.83 218,029.77 *1924 $322,769.88 216,148.72 Total Revenue............ Operating Expenses, M Net Incomer........i.n 99,416.68 Annual Interest on Funded Debt... 24,344.-65 *Years Ending June SOth. **For 12 months ending October S1st. 106,621.16 107,240.06 24,680.69 24,687.70 For the years ending June 30, 1923 and 1914, interest charges were earned on an average of 4.19 times. For the 12 months en October 31, 1914, interest charges on the funded debe, after giving effect to this new financing, were earned 2.75 times, aithough no s aff fit had yet been received from the funds resulting from the sale of these bonds. dustified PURPOSE OF ISSUE—Procecds from the sale of the $650,000 Series ““A™ bonds will be applied to the retirement of all outstanding bonds and to additions and betterments to the Company’s property. Application will be made to list these Bonds on the Baltimore Stock Exchange. - . o] g° ZE ’ N Q, qu“table C0-0|)e'ratlve Bmldmg Ass n Al legal maiters in connection with the issuance nf' these bonds have been passed upon for the bankers by Measrs. Janney, Ober, Skingluff & JOHN JOY EDSON, President FRANK P. REESIDE, Sec’y We offe Williams of Baltimore, Md., and for the Compan; Messre. Beaumont, Smith and Harris of Detroit, Mich. ‘e offer O vaians) s FEABCOm IR e bl L e Ll by ua, subject to approval by our counsel. ] _ || We Have Available for felled in the West | Immediate Delivery tory bullding. A Limited Number of First Trust Notes 7% In Denominations of $250, $500 and $1,000 Secured on High-Class Residential Property in Chevy Chase McKeever & Goss Realtors 1415 K St. N.W. Main 4752 /////7 (U Continental Trust Company Assets Subscriptions for the 88th Issue of Stock Being Received N _Join the Equitable and Save in a Systematic Way The result obtained by saving with us will more than surprise you. Its effectiveness has been demonstrated through years. Start today. 915 F' St. Capital L. $1,317,011.44 One Million Dollars 14th & H Streets Price 98 to yield over 6.15%, 3. AW, ¥glehart & Co. Investment Bankers 102 St. Paul Street, Baltimore, Md. fl[l!lllllIlll|lIlll!llfilllHI'IIIII!IIII!IHI!IIJIIIIII!IWIH(II ) “When Buying” Our 7% First Mortgage Notes r investment is secured on carefully fmp: properties and placed on ive valuation. Notes ounts of $100 up. Apply Loan Dept. Mr. 0'Donnell, Mgr. Chas D. Sager Realtor 924 14th St. N.W. 22777 Shares $2.50 Per Mant’l 816 Coal Exchange Building, Hibbs Building, Wilkes-Barre, Pa. Washington, D. C. Chauncey G. Parker, Jr., Manager Washington Office, Main 3581 The statements contained in this adeertisement are based upon information which e regcrd as reliable, and were used by us in the purchase of the Bonds for our own account, 38 Main 37 a8 ———————