Evening Star Newspaper, December 17, 1924, Page 29

FINANCIAL. NEW YORK CURB MARKET Received by Private Wire Direct te The Star Office THE EVENING STAR, WASHINGTON, D..C., WEDN DAY, DECEMBER 17, FINANCIAL. STEELPERATIONS | Fie Wertgage ] €Y T0 sk < SHOW STEADY GAINS Loans | 512% i Current Rates of Interest L.E Brenm:lger ins.;;; - McKEEVER & GOSS Different Methods of Quoting Prices Used as Orders Main 6140 1415 K St.—Realtors 1 Come in Rapidly. 1924, December 15, 1024. A oemi-asnusl dividend of 3.50% oo ine suisiandios expith] seech of Sevihgssiors BE: The Hoard ‘Ilnflm e of ot Inceme o 186 six mesthe’ from July 1, 1924, to 'S ind ttes ey, ¥, 1028, o stockboiders of s tha"bouks’ of the ‘commany o the business on Monday, December 22, 1924, “Coecis will e maned, F. 'W. WOODS, Becretary Treasurer. Adirondack Power and Light Corporation First and Refunding 5Y;% Due March 1, 1950 Electric light and power are furnished exclusively by this Corporation to Schenectady, Amsterdam, Watervliet, Oneida, Saratoga Springs, and other communities in the territory of the Mohawk and Upper Hudson River Valleys. Hydro - electric plants generate over 70 per cent of present elec- tric capacity. Price 100 and Interest Yielding 5.50% Earnings and security described in circular W-515 sent upon re- quest. Prompt Action E M ney to l 4 Secured by First Mortgage Loans Y e i oommussion. Lowest Rates of Interest and Commission P“VIIHI interest Thomas J. ther & Cnmp-ny, Inc. | Joseph I. {Vellcr ok R MONEY TO LOAN IN ANY AMOUNTS 2 NEW YORK, December 17.—Fol- °Wing is an official list of bonds and Stocks traded in on the New York turb Market today: 4 wonna® Colorade Bldg. Ck P Tid Onege ou Toited Cen Woodier o High. Main 4753 8ily 907, “When Buying” Our 7% First Mortgage Notes ‘.;lv‘-.I\ is secured on :.‘”;‘z Row Svaliaite Ta amennty ?‘fi Apply Lesn Dept. Mr. O'Denaeil, Mgv. Chas D. Sager Realtor 924 14th St. NW. lied Packers n e 4 Allied _Packars s T Alum 7 new "33 11 Am Gas & Elec 6s 3 Am Ice 7% 11 Am Pw & Lt 6x old 5 Am Sumat Toh 10 Am Roll Mills 10 Anaconda 6s » Guaranteed 7% First Trust Notes Nenominations of $50 - 100 - 250 500 - 1000 Doubly Secured for Investment or Savings. Interest Paid the Day Due Goldsmith & Ce. Goldamith Bldg. 1405-7 Eye St. N.W. Phone Main 9670 Superpower A Superpowér B. For Pow wi Aveaiec. Pom &Lt Archer Dan i 2 Areu @ 0o pia Armour Leather pid Atlantic Fruit i Upon First Mortgages on Improved Properties In the District—Current Rates Prompt Service HANNON - & LUCHS REALTORS And Mortgage Investments 713 and 715 14th St. N.W Main 2345-6.7-8-9 SEwat neBin (- By the Associated Press. NEW YORK, December 17.—Steady expansion in the steel industry Is turther reflected this week in opera- tion of -subsidiaries of the United States Steel Corporation, which now average about 82 per cent of capacity compared with 79 per cent a week ago. Independent Steel companies are op- erating at 75 to 80 per cent of capaci- ty. Steel mills in the Chicago district ey are reported to be addIng to ord, n i 0o w1 . t books for finished materials, Cleveland Avto ‘pid especially heavy tonnages for oll Commenwealth P C tanks in the southw AR B Different method Goatl Bex B .iil being used by steel rivet makers, Contl Bak pfd.. some using Piti urgh and Chicago Cons Gas Balt new by ., while others are selling on the base with freight allowed. ..-r..»..;ax.r_ Bur Add Ma new pf Car L Conteitagal B Gor : Chatterton & Son Chaptn Hacks Ej MONEY TO LOAN 51/2% Any Amount | A’-nmut Houses | | BUILDING nomn FINANOED Property FRED T. NESBIT Investment €22 ot Match 8144 of quoting are 1 Kaa City 5 et s Continental Tob Inc. 2 Sead Curties Aero Motor Cartiss Aero Mot pt -,S.- GOODYEAB PAYS DIVIDENDS. LOS ANGELES, Calif., December 17. —Directors of the Goodyear Tire and Rubber Company of California, yes- terday declared the current quarterly dividend of 1% per cent and one de- ferred quarterly divident of 1% per cent on preferred stock of record December 20, le Januery 3, 1925, Founded 1876 416 Woodward Bldg., Washington Boston, New York, Philadeiphia, Chicago, Denver, Sam Francisco @i (RO 01 TR -0t o! CAREFREE INVESTMENTS Metropolitan Housing Loans (Metropolitan Life Insurance Company) In the District of Columbia and suburbs in Maryland and Virginia AND ALL OTHER PEOPLE k3 .; 3 2,382, z82x ST EE 35 a Ky Hav Tige 100% im 01 . 107 101% FOREIGN BONDS. 51 City of Bogota Ss 9813 8 Fin Guar Mu & 9 et Fisher Body ow wi Ford Motor Co Can Poundation Co pfd. Freed-Elsemann Ra Gillette S R. Glen Alden Goodyear Happiness Happlness n w! WANT YOU AS ONE OF 50,000 NEW INVESTORS IN ;:l SAVINGS DEPARTMENT “YOUR BANK” get your Investment we will an you ONE HUNDRED DOL. LARS WITHOUT INTEREST OR ENDORSEMENT. nly condition Is that you No need to anxiously watch B oro ST e Vebster Mil's 65 Money to Loan First Mortgages Ve Apartment Houses Business Properties McKeever and Goss 1415 K St. Realtors M, 4752 SENZ] & market reports, industrial con- 5 ditions or worry over value These loans may be made for 15 years and are very advantageous to the borrower for the reason that they eliminate extensions, or new loans, at the end of short persods. No Life Insurance requirements. WEAVER BROS., REALTORS 735 15th St. N.W. Phone Main 1821 e fluctuations of your securities. OUR FIRST MORTGAGES »u-—-—n:a - 1 Rep of FPoland s T 2 Rus Gort Slga > Gost B34, Gov Blgs Na cfk Swiss Govt 5lge 15 Swiss Govt 5s..... STANDARD OIL ISSUES, Over a REFEEFLEE TF Eeyneul Solether. Lenfgh Power sec. Lehigh Val Coal . Leh Val Coal N C. 48 Liberty Radio Co.. Lang Pell Lumber.. Hiddie West Util. . Motor Prod Co Leather Ouarter Eliminate every speculative Rales 5 w“‘ig“‘"“" e seml.an. of a element, insure payment of At ‘,;;ri':: Century both principal and interest and Without d of ene year your $100 Investment will be worth $104.04. the usual 4% savings plan, you save $1 months, your $100 at the one year would be worth Come In and tatk with us abdut this new investment pian. Banking Hours—8:30 a.m. to 3 p.m., except ist, 2nd, 15th, 16th, th and last day of each month, 30 a.m. to 8:30 p.m. Saturdays, 30 a.m. to 1 p.m. o 3R 8BRS E oS aal R pEe i % e carry the highest rate for such Y Tel Co pid Nickel Plate nw wi Nicke! Pl ow pf wi Omaibus Corp A pf 90 Omnibus C v tr cfs Pathe Exch Inc A 0 Imp Ol of Can 130 Indiana P 1 3200 Inter'l Pet Co Lid Ti0 Magaolia Pet A Special Fund of $500,000 To Loan On District of Columbia Real Estate As an Entirety Or in Sums of $1,500 and Up at Lowest Rate of Interest Stone & Fairfax REALTORS i “Over Thirty Years of Real Service” || 1342 New York Ave. N.W. a Loss absolutely safe investments. R 0272 22227 . Equitable Co-operative BulldlAss n JOHN JOY EDSON, President FRANK P. REESIDE, Sec’y. Orgunized 1879 45th YEAR COMPLETED ..$4,942,13268 Surplus . 81,317,011.44 Subscriptions for the 88th Issue of Stock Being Received In Time of Prosperity Save Something —Let each pay day be —the day to save. —The systematic saving —plan ofthc Equitable —accomplishes most. 915 F St B Rova Rad Co tr of 81 GIl P ow vte Sleeper Radio vtc B0 C & 1 new ... . Southeast P & L 5% Stand Publish C Stuts Motor . Swift Iatl . Swift & Co Teen Elec Tenn Bl Pow 26 pt Thermiodyne R Cor Tho Ragis Cor vt ¢ Tobacce D.. e United G & E new Tnited Pfe Bhar .. Tl R & L A wi 8 Tt et S Stores B 8 pld B. F. SAUL CO. Main 2100 925 15th St. N.\W Assets THE DEPARTMENTAL BANK "VOU. BANK" T ater Uatisd Brates. Gureramons Supervisiea Pow .. T e - 2283 FE & Western Power Western Power pfd W R Min Spr n Tel Tazi Cor N. ¥. 1 MINING. 60 Arizona Globe Cop .08 met & Jerome .20 x‘-_s..._fi'..-a- = D 21355 FEECRETE 2 rnd 10 3 Derby O & Ref pfd 2 2 Galf Ol of Pa s 14 Kirby Pet 6 Lago Pet I~ Y In the opinion of comnsel, these bonds ave legal in- vestiments for trust funds in the State of Pennsylvamia Shares $2.50 P_er Month S District of Columbia 5 mills tax will be refunded te bomd- $540,000 o ; First Mortgage 7% Serial Bonds Secured by Haverford-Del Rey Apartments (Independently Appraised at $831,000) Haverford, Pa., a residential suburb of Philadelphia, Pa. Taxes Refunded : Federal Income Tax up to 4%. Free of Pennsylvania State 4 mills personal property tax. Maryland 424 mills tax; Connecticut personal property 4 mills tax; and Massachusetts income tax up to 6% of the interest of these bonds will be refunded to bondholders subject to such taxes. 23as FEDERAL-AMERICAN NATIONAL BANK RESOURCES $13.000.000 QIS F ST Jonm PooLt Smesem a8 LS 1 Cop Range 20 m.-a-m Blk But . 2'1' znn‘::;,‘é"u'&"”; 3 Washington Stock Exchange| s mefeis crosuus .- .00 105 Goiaeld Do SALES. ashaniou i 68 Wi vi0n s el eSO jat 4 Capital Traction C6.—5 at 214,10 at @ Washington Gas Light—d at 53 Washiogton Rwy. & Blec. pfd.—7 at 8% Lanston Monotype—10 at 78. National Mige. & Inv. pfd.—10 at 9% ar o s Gl FIRST AND SECOND TRUST NOTES 40 Independence Lead. 0 4 Jerome V Devel APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the .08 .20 4 30 1 08 25 7 2 14 .00 .59 02 .08 B .16 14 10 a2 .98 .57 3 53 [£3 APTER CALL Lanston — 1 10 2t 783, 10 at 76% 20 at 78% Potomac Elec. cons. 55—$2000 at 9. Tanston Monotrpe—i0 at T6% Mergenthaler Linotype—10 at 170% 170% 22 0 at 764, 10 5 20 at T6%, 20 at 6%, 3. BRNRR2. 085, 555E8RE8R 2.3 10 at 118 OMte Con.. UNLISTED DEPARTMENT. 40 Parmac Pore M Itd .40 ) ¢ Departmental Bank—2 at 6, 1 at 6, Mones—Call loans, 5 and 6 per cent BONDS. Bid and Asked Prices. PUBLIC UTILITY. i 2 & Potomac g . Telephone .. Telephone of | Vopoiitzn R. R potomac Elec. 1st S w Wash. Wash.. Balt. & \rmln Ba. Washington Washington Wash, Rws wash. Rwy. & SMISCELLANEOUS, t. Stk. l‘d ,?k STOCKS. PUBLIO UTILITY. American Tel Capital Tracti Norto Wash. Rwy. & Elec. com. wash, Rwy. & Elec. jfd. Terminal Taxi com....... NATIONAL BANK. National Capital Columbia Commercial - Distriet Farmers & Federal-American - econ e tonai Bas TRUST COMPANY American Security & Trust. Continental Trust s§sa§ SAVINGS BANK. commerce & Saving East Washington. Becarity Bav. & Com.. renth Street . ed States.. Washington: Me: FIRE INSURANCE. " oBsteE & American - Corcoras Fireme National Unlon. TITLE INSURANCE, 7 Columbia Title, Real Bstate TV mlczu.m EOUS. Morchants Trazster & Stor thaler Tt & Tavert.. o Wateh Market co 014 Dutch Market Tanaton Monotype urity Storage \\ asmugton Yellow Cab. 82 Plymouth Lead Min . 26 Premier Gold Min 80 Ray Hercules lnc. 50 Red Tish Apex...... 3 38 Wenden Copper. 1% CHEVROLET PLANT RUNS DAY AND NIGHT SHIFTS By the Atsociated Prese FLINT, Mich., December 17.—More than 3,000 men have returned to work at Chevrolet Motor Co. plant here aince the announcement early this month that the company would go on full production before the first of next year. Charles F. Barth, vice president and al manager of the company, in making the announce- ment today, sald that the plant now is operating on a night-and-day COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY are doubdle those ot year ago. Am lcan cheese, holdings fell 10,00 pounds in the last month to §8,7 or 3,000,000 pounds over last Frogzen poultry amounts to 87,978,000 pounds, 30,000,000 pounds more than November and 24,000,000 pounds 0'.1’ a year ago, BOSTON, December 17.—Page & Shaw are turning out 18,000 pounds of candy daily at its Cambdridge plant, and sales are expected to exceed the 1928 record of $6,00,000. WILMINGTON, Del., December 17.— The placing of embargoes on ship- ments of live poultry from some West- ern States has resulted in supplies in ction being heavily depleted. alers have bought up entire | Lar flocka of Delaware fowls. Ga., _December 17.—The ch Bahk, orgenized. to finance the movement of the 1936 crop of peaches under the auspl CLINTON, Mass., December 17.—The Lancaster Mill on full time, and pect 10,000 more to go into commis- ot within a week. Of 4,600 leoms, 3,400 now are running om pro- ductien of ginghams. 200 ‘boxes of oxheart cherriey from Argentina, which sold readily at $4.26 per box containing six two-pound baskets. WANTED Also Collateral Notes Secured by Improved Real Estate Construction loans made at moderate rates. Ample funds. Prompt action upon approval. Resources, $1,800,000.00 Real Estate Mort- gage & Guaranty o L. €. BREUNINGER, PRES. 26 Jackson Place (o] January ons Made Now 8 OU gain two advantages by making reservations with us now for reinvesting funds coming to you at any time in January: 1. You avold interruption of interest. On the day your old. investment is pald your new one begins to earn 7% You make certain of get- ting the exact issue and maturity that mest your particular requirements. Put your January funds in our strongly secured 7% First Mortgage bonds, which have behind them our record ©f no loss to any investor in 51 years, Call, write or telephone Main 6464 today for descrip- tions of Smith bonds pay- ing 7%. suITE BONDS ans ‘ sarz BOWDS - ' The F. H. Smith Co. Founded 1873 FIRST MORTGAGE BONDS Smith Building. 815 Fifteemth S¢. District of Columbia and adjacent Suburbe in Montgomegy County, Md. 33 % ANTEREST :fl pply to 2 H. L. RUST COMPANY LOAN CORRESPONDENT ©he PRUDENTIAL INSURANCE COMPANY o AMERICA " 912 15th Street N.W. Main 6888 LINCOLN Following the Petit Salon showing of custom-built bodies, standard types will be displayed at our: showroom during the week of December 14th until 10 o’clock each evening. . The public is cordially invited to attend . ‘HILL & TIBBITTS 1134 Connecticut Avenue - Lincoln Sales and Service The Haverford-Del Rey Apartments will be erected at once in Haverford, 22 minutes’ travel from the Broad Strect joins the campus of the Haverford School and is within three minutes’ walk of the Pennsylvania Railroad station. It is sur- rounded by private estates owned by some of the oldest and most substan- tial families of Phil phia. The desira- bility of Haverford as a place of residence has resulted in full occupancy, with wait- ing lists, for the few apartment structures now located in the city. Haverford Col- lege, the Merion Cricket Club, Merion Golf Club and similar well-known insti- tutions, together with the proximity of Bryn Mawr College, the Miss Baldwin Scuool and other educational and social institutions, give Haverford unusual at- tractions as a residential suburb. The Structure The Haverford-Del Rey Apartments will be three stories and basement in height, of Spanish architecture, con- structed of stone, brick, steel and hollow tile. The structure will contain 256 rooms divided into 87 apartments of from 1 to 4 rooms, a lobby, recreation room and garage to accommodate 75 signed to appeal to tenants of the highest grade. ‘The value of the property when com- pleted, as corroborated by a number of independent appraisals which we have obtained from local authorities, is $831,- 000, or more than 150%, of the amount Maturities: Serial annually 2 to 12 years of the bond issue. The annual net earn- ings, after making a liberal allowance for operating expenses and vacancies, are estimated at $95,319, which figure is also confirmed by mdepend:nt appraisals. This is more than 2}4 times the greatest annual interest c.hnrgen and substan- tially 134 times the largest combined in- terest and amortization charges. Mortgagor and Guarantor The bonds are signed by Perry Beam and are unconditionally guaranteed by the Del Rey Realty Corporation, of which Perry Beam is President and Treasurer, and W. W. Crawford is Sec- retary. Mr. Beam is a member of the contracting firm of Beam-Craven Com- pany and has other substantial interests. He is regarded as being able to discharge any obligations which he may incur. Complete descriptive circular, contain- ing independent appraisals of land, build- ing and earnings, will be sent on request. Investors wishing to make sure of ob- taining the maturities they prefer may make reservations by mail or telegraph. We recommend this issue as a sound in- vestment offering an attractive yield. v Title of the property will be insured by Merion Title & Trust Company. Archi- tect for the building—Thomas B. Lip- pincott. Attorneys for G. L. Miller & Company—Henry, Pepper, Bodine & Stokes, Philadelphia, Pa. Certifying Agency—Franklin Trust Company, Philadelphia, Pa. Dated November 15th, 1924 Price: Par and accrued interest to net 7%. Denominations: $1000, $500, $100 Please request descriptive circular HD-5601 G.L.MILLER & CO. INCORPORATED Local Address, 308 Phillips Building ‘Washington, D. C. New York Phflla.lphi‘ Pittsburgh “St. Louis Buffalo 'Atianta No Investor Ever Lost a Memphis Knoxvilie Dollar in Miller Bonds B J