Evening Star Newspaper, April 1, 1925, Page 29

FINANCIAL, THE EVENING STAR, WASHINGTON, —_— ASPARAGUS IS BEING |BIG ELEVATOR DEAL | RUSHED TO MARKET|, . MADE IN BUFFALO] Last Year's Cm;; Brt;ught Gmw-} ers $1C,CC2,000—Season Lasts Four Months. e a ing the elevator 00. Wil property ad to the south for s the ement Depart ol | Ges of fuchsia mbined is a the vogue for A hat in which ti \rge | and Indian orange a Juth | charming exponent o vivid colors. ‘| Money to Loan 126 | gooyred by frst deed of trust on real estate Prevaling interest and commission 7 Joseph 1 Weller S5 IT IS expected that the new Vehicular Tunnel, connecting New York and New Jersey, will prove a big factor in the develop- ment of the territory to be served by Jersey Central Power & Light Company. VIRGINIA RADISHES FINANCIAL. D, C, WEDNESDAY, APRIL 1, 1925 = DRIVE PRICES DOWN E. H. Rollins & Sons Founded 1876 416 Woodward Bldg.. Washington ithern new ||l Boston, New York. Philadelphia, i market Chicago, Denver, San Francisco !’ | Look | In Thursday’s i In.vest Your “Evening Star” April Funds at | 79 For That | 4 Promised ‘ RRANGE today for the Ann C— é ;;r?mpt investment at ouncement 7% of funds you will have 1 1 available during April. It Will Concern | Let us send you descrip- An lnve“menk tions of several attractive | issues of 79 First Mort- That You Cannot gage Bonds that are now H { | available. Afford to Miss— | | SmithBondsaresoldin de- Just One More nominations of $100, $500 and $1,000 outright or Day and the under 6ur Investment Sav- P ings Plan. uait the Coupon now. Secret Will Be Out— 1 The F. H. Smith Co. It Will Pay You. | Founded 1873 NoLoss to Any Investor in 52 Years | Smith Building, 815 Fifte'enthSt. Mortgage Investment Dept. | THE F. H. SMITH COMPANY 1 i mit| uilding, Washington, D. J e Do | R Imi nde paying 7%. Bty 713 and 715 14th St. NW. | Name ... . ¥ e Main 2345 Equitable Co-operative Building Ass’n JOHN JOY EDSON, President FRANK P. REESIDE, Sec'y Organized 1579 45th YEAR COMPLETED ‘.} Assets . . $1,942,132.68 Surplus . L. $131T.011.44 Saving With Best Results Adopt the syste of the Equitabl help vou to in a financial w ¢ saving plan plan that will ymplish great things y. 915 F Street N.W. CONSIDER SAFETY AS WELL AS INCOME The in- vestments depends upon the of investments, therefore safety the to con- income from your safety and your is Ozer a first and chief factor Quarter sider. of a OUR FIRST MORTGAGES secured on income-producing properties, offer you the liberal vield of 6)4%—and if you are at all interested in safet¥, you ’ will certainly want to look into | them. Century Without a Loss. | B F. Main 2100 SAUL CO. 925 15th St. N.W. Promot Action | First Mortgage Loans | Lowest Rates of Interest and Commission | | Thomas J. Fisher & Company, Inc. 738 15th Street FIRST MORTGAGES FOR SALE Denominations of $250, $500, §75J, $1,000 and upwards 612% All Lonns Made on FProperty Located in the District of Columbia JAMES F. SHEA| 643 Louisiana Ave. N.W. BONDS | GERM STOCKS Bought—Sold—Quoted Full New York and Berlln Market Received Daily Send for Special Market Letter FEDERAL- AMERICAN NATIONAL - BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President “WHEN” | Investing In Our | FIRST MORTGAGE NOTES | —you not only get the advantage of absolute safety BUT an efficient, prompt and courteous service in the remitting of your interest. You can plan months ahead for your interest check reaching you the day due. Our facilities enable us to provide for the investors of small amounts of $100 to $500, all of which bear 6'; % Information Booklet Sent Upon Request CHAS. D. SAGER Realtor Loan Dept. Peter Whitney 203 Investment Bldg. Telephone Franklin 5978 924 14th M. 36 National Mortgage & Investment Corporation| | 811 Vermont Avenue N.W. “ Deals in the Best Real Zstate Securities First and &e-=na ftast Notes and Ware- house Receipts are purchased at fair rates | . Its 7% First-Mortgage Notes, S District of Columbia Real INVESTMENT. Off from ED by Iinproved denominations P, The Prudence Company. Inc. of New York Invites Applications for Construction Loans Long-Term Refinancing Amounts of $50,000 and over FRED T. NESBIT Loan Correspondent Investment Bldg. Main 9392 l APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY [ Located in the District of Columbia and adjacent Suburbs in Montgomery County, M& 2= pply ro H. L. RUST COMPANY LOAN CORRESPONDENT Bhe PRUDENTIAL INSURANCE COMPANY of AMERICA 912 15th Street N.W. Main 6888 Fhe Eymdol ig of Puteprily | An Unqualified Surety " Guarantee as to . First Mortgage ; Real Estate Investments Within the next several days, immediately upon comple- tion of arrangements, GOLDSMITH & COMPANY will offer, subject to priority, a series of their new first mortgage guar- anteed notes bearing the unqualified and unquestiioned guar- anty as to the payment of principal at maturity and interest upon the dav due of one of the largest Surety Companies in the United States. This guarantee assures, beyond question, the certain and_absolute safety of your investment in First Mortgage Real Estate Notes offered by this house, secured by properties in the District of Columbia. It is an Ironclad Guar- antee over and above the usual guarantee which our invest- | ments, as offered heretofore, have born as to the certification and clarity of title and every legal and moral requirement necessary to safeguard the interests arid investments of our clients. ~ It is a pleasure to be able to offer to our | present clientele, as well as our prospective clientele, this ad- | ditional and absolute safeguard, and it places the first mort. | gage investments as offered by GOLDSMITH & COMPANY | above any investment now offered or heretofore offered in the | city of Washington. No matter how conservative the investor may be or how stringent the requirements he demands as to | safety and safeguards, our investments under these new series of notes will meet and fulfill every requirement and every de. mand that is humanly possible to think of. Ask Our Trust Department for Par- ticulars on This Series to Care for Your April Maturities. ! &Goldsmith & CQ.W Goldsmith Bldg. 1405-7 Eye St. N.W. Main 9670 te, Are a GOOD i Large Loans Available I | S12% Interest in he All Its Forms —including Fire, Automobile, Liability, Plate Glass, Burglary, Hold-up, Accident and Health, Life and Bonds—may be ad- vantageously procured through BOSS Ao PHELPS “HOME OF HOMES" 17 K Street NW Main “We Insure Everything Insurable” Insurance Company Loans Long Term Financing Building Loans Refinancing L U Weaver Bros., Reaitors 735 15th St. N.W. Main 1821. 9300 THE STRAUS HALLMARK ON A REAL ESTATE BOND Every Straus Bond bearsa Hallmark of Safety—the insignia of S. W. STRAUS & CO. This Hallmark means that the ! bond is sponsored by a House univer- sally acknowledged to be the first in its field —first in financial strength, first in knowledge and experience, first in volume of business, first in the nation- wide scope of its operations. € More important still, this Hallmark means that the bond issue has been investi- gated, judged and approved by a lend- ing organization which stands alone in its expert, specialized, technical knowledge —unique in its personnel, uniqueinitsexperiencegained through the handling of thousands of loans | through many years. € This vital ; department of our business includes real estate experts, eminent counsel of long experience in real estate law, and chosen technical men such as appraisers, architects, and engineers— all specialists whose sole aim is to make safe loans. @ A Straus Bond embodies the merits of unquestioned security, prompt payment of principal and interest when due, and fair interest yield, with a satisfactory and steadily broadening outside market. The Straus Hallmark on a bond stamps it at once as the premier real estate security. S New Issue $6,200,000 Book Building and Addition DETROIT, MlCHIGAN Flrst Mortgage 6% Serial Coupon Bonds @ 2% Normal Federal Income Tax Paid Dated March 16,1925 o——— Maturities, 2% to 15 years 1. These bonds constitute™a 63% first mortgage loan on office building and land in fee thereunder on one of Detroit’s most prominent downtown business corners — South- west corner of Washington Boulevard and Grand River Avenue. a. 13-story office building, completed, rented and occupied, generally regarded as one of Detroit’s finest office buildings. b. 35-story office building under construction on the adjoining corner of the plot, to form a single unit with the present Book Build- ing when completed. The combined structure will be the most impressive office building in Detroit and one of the finest in the United States. ¥ 2. Independent appraisals show an equity of more than $3,500,000 behind this issue, as indicated by a valuation of $9,768,000 on the land, the present Book Buiiding and the new building when completed. 3. The net earnings of the present 13-story Book Building of $419,993, based upon present leases and the current schedule for new leases, are alone more than sufficient to meet the greatest annual interest charge on the entire issue. 4. The net earnings of the entire property are conservatively estimated at $868,728, which is more than 2% times the greatest annual interest charge and over $360,000 more than the greatest combined interest and principal charges in any year prior to the final maturity. 5. The borrowing corporation is controlled by Messrs. J. B. Book, Jr., Frank P.-Book and Herbert V. Book, the largest owners of Detroit’s downtown real estate. Among their holdings are the Book-Cadillac Hotel, the Real Estate Exchange Building, Washington Boulevard Bulldmg, Woodward Arcade Building and other well-known and successful properties in Detroit. Prices: September 1927 maturity to yield 5.75%; March 1928 maturity to yield 5.85%; September 1928 maturity to yield 5.90%; March 1929 maturity to yield 5.95%; September 1929 to March 1935 maturities, inclusive, to yield 6%; September 1935 to September 1939 maturities, inclusive, to yield 6.05%; March 1940 maturity to yield 6.10%. Our previous experience with first mortgage bond issues secured by Detroit properties has been most satisfactory. Many of our customers remember the outstanding success of the General Motors Building 1st Mortgage 7’s offered in November,1921,and the Book-Cadillac 1st Martgage 6Y%’s offered in October, 1923 and know from actual experience the favorable position of both these Detroit issues in the outside market today. The Book Building bonds, in our opinion, will enjoy an equally satisfactory market. Denominations: $1,000, $500 and $100 We have purchased these bonds after careful investigation and recommend them as a sound and well secured investment. Call or write for s~ CIRCULAR 224-G S.W.STRAUS & CO. ESTABLISHED 1882 INVESTMENT BONDS H\CORPORAT!D NATIONAL METROPOLITAN BANK BUILDING WASHINGTON, D. C. Telephone Main 5847 43 YEARS WITHOUT LOSS TO ANY INVESTOR 19258, W. S. & Co.. The.