Evening Star Newspaper, January 5, 1925, Page 27

FINANCIAL, THE EVENING STAR, WASHINGTON, 1925, FINANCIAL. T R T T HOUSTON, January 6.—The loss in C ,l r’/;’R‘; (’))n :;‘ZRN :3':7;)5" i L onaah b s hE 7. IR ¢l ENTIRE COUNTRY D. ©, MONDAY, JANUARY 5, ITLOANS | FROM $50 TO $100 B Can Be Obtaimed by Using Our v Certificate of Inventory, i 1 Appralsal and Title. i|First Mortgage Loansi CHATTEL TITLE COMPANY The fact that the tin required in the | industry cc b FINEDENAND SEN - FOR AVERICAN T Recent Sales Total 300 e e i 0 e misterials o) s R L AT *" | Australia, P r e firm, but paint prices 000.000 Pounds, Against 206 | wusnitics ot un or. e e for Same Period Year Ago. Money to Loan Seoured by first deed of trust on real estate Provailing interest and commission 420 Wash. L. & Trust | Joseph . Weller 32 weat % & 2 1814 — OLDEST NATIONAL BANK IN THE CITY—1925 YOUR JANUARY FUNDS —will further augment your income, if promptly deposited in Our Savings Dept. You might just as well have 39, Compound Interest, as keep such funds unproductive. National Metropolitan . Bank o 15th St., Opposite U. S. Treasury This means a falling off of 87,000 head n number and a money loss of over $2,000,000. PHILADELPHIA, January b——De- 4, but not 80 |is very while “pork prices have ad earlier than customary, due to scarcity avy hogs. Foreign trade in meat this time Lowest Rates of Interest and Commission | Thomas J. Fisher & Company, Inc.| (] 738 16th Street 805 Fifth St. N.W. There has v upward trend to prices | a two months and sales vious rec © hea an | her he | F know ke 1 made with indications pointing affic ha continued rise. Demand continues or this time The S APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent Suburbs in Montgomery County, Md. \ INTEREST We are calling to your attention a safe and profitable security for the re-investment of funds available this month. You will do well to consider the 87, Preferred Stock of the Mortgage Bond & 111 111 8% for January Investments Now 52 Years of Proven Safety ‘./1 pely to H. L. RUST COMPANY LOAN CORRESPONDENT Ghe PRUDENTIAL INSURANCE COMPANY of AMERICA 912 15th Street N.W. Main 6888 Our First Mortgage Notes Guaranty Corporation before making other commitments. P s ANUARY, other year of perfect safety for Smith Bonds Banks Recommend Them investors Insurance Companies Prefer Them Courts Advise Them The Corporation deals exclusively in First Mortgages, secured i red inc -produc 2 ate. It is recognized as by improved income-producing real estat g Founded in January, 1873, The I pany now has behind it a record of continuous service in the field of investments without loss to ar the safest field of investment known. The management comprises a group of bankers, real estate and business men of excellent char acter and high standing. They all enjoy unbroken records of suc Beginning in a small v house has grown stead now we are serving investo United States and in many When you invest in Smith I are protected by a system of proven 100% efficient in against loss 7 Smith Bonds 70/ cess and their expert knowledge is especially adaptable to the con- A\pply Loan Dept. . L. 0'Donnell, M Chas. D. Sagér a6 Main 37 3% in every servative and profitable management of the Corporation’s business. foreign coun LEARN FROM THE EXPERIENCE OF OTHERS yuards th protecting The cumulative preferred stock bears an immediate return of 8%. and the stock is free from the D. C. and Virginia intangible tax. The dividends are free from the normal Federal income tax 924 14th St. N.W A continually increasing num- Bonds for Your January Funds First Mortgage ber of discriminating and careful We Buy and Sell Liberty Bonds Can you imagine a safer or more profitable investment for your investors have found that our January funds than this security, bearing the liberal return of 8% 7 sound years. Treasury Notes Etc. HUGHES & COMPANY (INCORPORATED) HUGHES & COMPANY, 1418 Eye St. N. W., Washington, D. C. Please send me your mew desoriptive Over Quarter of a 612% FIRST MORTGAGES —ofter a convenient, safe and ment Savings Pl full rate of bond interest Bond Department The Washington Loan and Trust Company 1418 Eye St. N.W. INVESTMENTS 853 \ booklet Telephones Main | 854 Name , “Progress.” (3317 Streat Address 900 F Street 620 17th Street TO FEDERAL EMPLOYEES AND ALL OTHER PEOPLE NT YOU AS ONE OF W INVESTORS IN NGS DEPARTMENT “YOUR BANK” To get your investment we will loan you ONE HUNDRED DOL- LARS WITHOUT INTEREST OR ENDORSEMENT The only condition is that you will leave it on deposit in a sav- ings account for year and pay us ba ars a month Your dollar invest- nterest at 4% unded semi-an- of one year your $100 city | | i i of New Yo LONDON HAVRE NEW YORK LIVERPOOL PARIS Guaranty Trust Company rk~ BRUSSELS ANTWERP will be worth $104.04 vings plan, onth for ten Condensed Statement, December 31, 1924 THE DEPARTMENTAL BANK “YOUR BANK" 1714 PENNSYLVANIA AV American Telephone & Telegraph Co. 118t Dividend Safety Is Paramount To safe dollar through supreme ard every invested us is the F our are sure we can convince HH_\ investor of this policy. If you want 1009, protection against loss invest vour through the House where SAFETY IS PARAMOUNT. Write or telephone our Mortgage Invest- ment Department to send literature. No charge and no obligation. [SHARNON & L) 713 and 715 14th Street N.W Main 2345 e C—— aim « money CHARLES H. ALLEN EDWARD J. BERWIND W.PALEN CONWAY CALEB C. DULA HOWARD ELLIOTT MARSHALL FIELD ROBERT W. GOELET EUGENE G. GRACE ‘W. AVERELL HARRIMAN ALBERT H. HARRIS FREDERIC A. JUILLIARD CORNELIUS F. KELLEY RESOURCES Cash on Hand, in Federal Reserve Bank and Due from Banks and Bankers..... sty U. S. Government Bonds and Certificates Public Securities. . Other Securities. . . Loans and Bills Purchased Real Estate Bonds and Mortgages. . Items in Transit with Foreign Branches Credits Granted on Acceptances. . : Real Estate. Accrued Interest and Accounts Receivable. . LIABILITIES Surplus Fund Undivided Profits. ... Accrued Interest, Reserve for Taxes, etc Acceptances Outstanding Dividend Checks Outstanding Treasurer’s Checks DIRECTORS THOMAS W. CLARENCE H. Trastee President Berwind-White Coal Mining Co. Viee-President President Liggett & Myers aceo Co. Chairman Northern Pacific Railway Company Marshall Field, Glore, Ward & Co. Real Estate President Bothlehem Steel Corporation Chairman of Board, W. A. Harriman & Co., Inc. Vice-Presidont New York Central Railroad Ce. A. D. Juilliard & Co. President Anaconda Copper Mining Co. GRAYSON M.. CHARLES A. CHARLES H. EDWARD R. EDGAR L. MARSTON ‘WILLIAM C. POTTER LANSING P. REED JOHN S. RUNNELLS THOMAS F. RYAN JOHN A. SPOOR ‘GEORGE WHITNEY HARRY PAYNE WHITNEY THOMAS E WILSON President Wilson & Co., ine. $194,648,819.37 56,808,529.69 21,788,242.92 33,562,625.38 390,453,243.37 1,772,500.00 814,772.59 37,856,498.72 8,088,446.04 7,437,603.02 $753,231,281.10 .. $25,000,000.00 15,000,000.00 4,366,386.15 " $44,366,386.15 4,793,563.91 37,856,498.72 676,047.00 44,113,394.59 621,425,390.73 $753,231,251.10 ———— LAMONT of J. P. Morgan & Co. . MACKAY Prasident Commercial Cable-Postal Telegraph System of Blair & Co., Inc. -P.MURPHY of G.M.-P. Marphy & Co. PEABODY President Mutwal Life Insarance Co. President of Stetson, Jenninge & Russell Chairman of the Board, Palimean Co. Financier Chairmen of the Board Chairman of the Board, Union Stock Yards & Transit Co. STETTINIUS of J.P. Morgan & Co. of J.P. Morgan & Ce. Banker The F. H. Smith Co. Founded 1873 FIRST MORTGAGE BONDS Smith Building - 815 Fifteenth St. satisfactory way to employ their Century funds. Without a Loss. Profit by their experience. Smith Building, Washington, D. C Please send me circulars describing current offerings of your 7% First Mortgage Bonds. B. Main 2100 F. SAUL CO. 925 15th St. N.W. Name Exempt from Federal, State, Municipal and Local Taxation $30,000,000 Ten-Thirty Year Federal Land Bank 4:% Bonds Dated January 1, 1925 Due January 1, 1955 Not redeemable before January 1, 1935 lnterest payable January 1 and July 1 at any Federal Land Bank or Federal Reserve Bank. Principal pasable at the Bank of Issue. Coupon and registered bonds (interchangeable) in demominations of $10,000, $5,000, $1,000, [ $500, $100 and $40. Redeemable at 100% and interest at any time on or after January 1, 1935. The Supreme Court of the United States has upheld the constitutionality of the Act creating the Banks and exempting these Bonds from Federal, State, municipal and local taxation. Operation: In six and one-nalf years of active operation‘ the 12 Federal Land Banks have been built up until on November 30, 1924, their Capital was $49,089,180; Reserve, $5,734,400; Undivided Profits, $4,744,406 ; and Total Assets, $987,082,135. Every bank shows a surplus earned from its operations. Acceptable by Treasury: These Bonds are acceptable by the United States Treasury as security for Government deposits including Postal Savings Funds. Legal for Trust Funds: The Federal Farm Loan Act provides that the Bonds shall be lawful invest- ments for all fiduciary and trust funds under the jurisdiction of the United States Government. They are eligible under the laws of many of the States for investment of all public and private funds and have been held eligible for investment by savings banks in 37 States. The holdings of the United States Government in the capital stock of the Federal Land Banks have been reduced from $9,000,000, at the time of the inauguration of the System, to about $1,700,000, as of November 30, 1924. During the same period, the Farm Loan associations acquired approximately $47,000,000 capital stock, part of the proceeds of which was used to retire stock owned by the Govern- ment as required by the Farm Loan Act. The United States Treasury has purchased and now holas over $100,000,000 Federal Land Bank Bonds. While these Bonds are not Government obligations, and are not guaranteed by the Government, they are the secured obligations of Banks operating under Federal charter with Governmental supervision, on whose boards of direction the Government is represented. Price 101/2% and Interest, to yield over 4.30% to the redeemable date (1938) and 41,% thereafter to redemption or maturity Alex. Brown & Sons Brown Brothers & Co. The National City Company Harris, Forbes & Co. Lee, Higginson & Co. Guaranty Company of New York The statements contained herein, while aot guaranteed, are based upon information and advice which we believe to be accurate.