Evening Star Newspaper, April 30, 1925, Page 29

FINANCIAL. PRICES HOLD FIRM AT GENTER MARKET Present Charges for Meat Too High to Help Push Along Sales. Wholesale admit keep b lers frankly continuing to being the ness was more high pr ness oday last of the mont} unti buvers holding off around tirely too high “and purchases. dealer, ke having the money ttle have continued », dealers state, and are lowered there > for cheaper prices of lwa son, is report and what s in d ay's Wholesale Prices. Fancy, tub store packe a54: prints, | candled 35240 capons, rieys lambs, | 18; Spring THE EVENIN NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNAN NEW YORK, April 30.—A series of | the syndic individual moves in special stocks|sues had reduced their bids absorbed attention of traders in the | market. At 24 it compared Curb Market today. One of the out- | Wednesday's fi 6% . standing Incidents was the continued | Another ure was the selling of demand for Engineers Gold at new | Haze rporation following pa high prices. The tradin ement on |ing of mr March quarterly divid the floor of the exchange gathered |of §1 e, due ut this time. around the post at which the stock | For wdvance of 4 points at one is dealt in and excitement prevailed |time in the new Chrysler stock there in the early part of the session. This | was the explanation that it was mo stock has ced ing sympathetically with Maxwell from a low of 1414 earl .| Motor “B” on the Stock Exchange to today’s high above |~ Some o the public utilities remained Heavy offerings of rothers' | strong, but the general market class “A" accompanied selling of the | Iv was being influenced by weak preferred shares and bonds u few individual iseues. Stock in with NEW YORK, April 30.— an official list of bonds : traded in on . the New Market today Followi i Allied BONDS it loins, 18a1y 31a32; houlders, Fruit and Vegetable Review. | Today's market report on fruits and vegetables (compiled by the Marke News Service au Agricultural Economi | Aspara moderate Hy a, d | s light: demand | South ¢ Suppl nch crates, medium t dozen r . 4.50a 7 4.00; small size, moderate; de limited, market st South barrel cr pointed type, | North Carol Boston type Onions demand Texas, and 2, 2.40: cor dy. splies mod- good condi 4.00a5.00. iberal: demand eady; Florida 6s, wrapped originals . 4.0025.00, mostly count, 3.00a3.50, few Cucumbers Cheaper. Supplies moderate and condi- | Supplies liberal: de rate, market tl ida, 74-bushel hampers | hel crates, No. 1, best fairly st 5024.0 moderate; de- ot falrly steady 50a5.00; few $STOCK SALE PROTESTED Indiana Farm Federation Fights Grain Marketir Indiana nd A h the mmission [ NEW YOI arket | your banker us collateral | N ed its marketability does not unt to much RATES ON BAR SILVER. NEW YORK. April 20.—Bar silver, | Mexican d ,my\ 513%. | RATES ON BAR SILVER. NEW YORK, April 30.—Bar silver, 67%; Mexican dollars, 51% BOSTOY STOCK MARKE! N, April 30.—Follow is a hest, lowest and prices for the most active ealt in here Low. Close. 1857 13 Mass Gas pfd Mayflower O « IV\A hington Loan & Trust. Sw 15 Toho Elec STANDARD OIL Sales 1SSUE! in units 2800 Anglo cent P L mberiand P L o1l & B 20 ¢ 800 Humbl I T e Ire Middle West Util Mid W Ut pr In Mid West Util rts Pic Corp. Mast Corp Nat Pow & Lt.. N Sales in hundreds. 1 Alien_0it 26 Am Mar 1095, 40 10 ‘at 1091 3 District of Columbia Paper pfd.—10 at 10 at 50 ” AFTER CALL. Traction Co.—10 at 93%. 10 at Capital 314 Money—Call loans 5.and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY Bid Asked ine Mine 033 X0 102 3 B | Wt park Hotel 08 Wash. Rwy Wash, Rwy. & Terminal Taxi com NATIONAL National Capital Commercial Diatrict mers ‘& Mechanics ral-American Ay 1315 F Street STAR, WASHINGTON, REAL "'r.ifm: g 'LOAN'S'H RESIDENCE LOANG AT LOW RA FRED T. NESB[T 1 | INVESTMENT BLDG. Main 9392 FEDERAL-AMERICAN NATIONAL BANK RESCURCES, $14,000,000 JOHN POOLE, President First Trust Notes 83 inter rou: in centrul location 3 33.150.00. Thres s interests eight rooms wnd btk bricks near Sth aud New York Aves nue Northwest. JOHN H. WRIGHTV 1116 Vermont Avenue N. Washington, D. € Three (3) Years, 617 Notes has funds E i This company available for the purchase of all Kkir of second trust notes, secured on real estate close to D. €. 1 nds in or Prompt Service Washington Inveslmentm and Transactions Co. Inc. p——ne==0 m WANTED m 3= m 713-15 14th St. N.W. Main 3662 Second Trust Bre——mnme———] How $20 a month invested for 10 years produces an income of $20 a mo\nth NVEST $20 a month in Smith Bonds paying 7%. Reinvest yourinterest at the samerate. In 10 years you will have $3,462.84. This sum, invested at 7%, will pay you an income of more than $20 & month. A larger monthly investment will produce proportionately greater results. Youreceivethe full rate of bond interest on every payment. Ask for our booklet today The F. H. Smith Co. Founded 1873 No Less to Any Investorin 52 Years Smith Building, 815 Fifteenth St. THE F. H. SMITH COMPANY Bmith Building, Washington, D. C. Please send me a copy of your new booklet **Howto Build an Independent Income. Address Fha Bymbel The definite of safeguards established for our First Mortgage In- vestments proves their value. sustem In amounts of $30 interest vield of 7% plan for saving is available. up, with A monthly ayment systematic Valuable information upon request (Goidemith £ Coy Goldsmith Bm‘dm' hms_z EveStN.W. M 9670 GOLDSMITH & CO. Goldsmith Bldz.. 105 Eye St. N Please send information about sour First Mortgage luvestments. Address Inquiries Solicited From Investment Bankers. | Liter Lincol onal Metropoiitan (TR nd onal Bank of Wash TRUST COMPANY ecurity & Trust Setchants Bank ' tional Savings & 2 *400 Unit ates Washington Mechanics FIRE T American more than twice their BOSS Columbia Real Estate 1457 MISCELLANEOUS " & Stor. Linotype & In . pid iy K Street NW s Market pfd « Lanston Monotype Security Stor: 7 Washington Market Yellow Cab ...... *Ex _dividend tBooks closed. In Sickness You Consult Your Doctor SIMILARLY in the field of investment in First Mortgage Notes secured on Wash- ington residential property, you naturally turn to the HOME'OF HOMES, specialists for eight- een years in the exact class of real estate that secures these Notes in an amount equal to AND HOME OF HOMES face value. PHELPS Main 9300 D, THURSDAY, APRIL 1925, FINANCIAL. 6% is the earning rate of our gilt-edge First Mortgage Notes The rate of int | sistent with Money to Loan Secured by first deed of trust on real estate Prevailing interest and commission Joseph 1. Weller First Mortgage Notes Trn-l For Sale in Any Amount I Security Carefully Selected 1 637 i INTEREST | adding d.ull\ m our list of in- vestors. Send for descriptive booklet. Notes Now on Hand | In Amounts of $100.00 Up CHAS. D. SAGER i Loan_Department i | 924 14th St. N.W. Main 36, 37. For Thirty-seven Years We Have Sold Without Loss to an Investor. Wm. H. Saunders Co., Inc. 1433 K Street N.W. Phone Main 1016-1017 i 38 | i FIRST MORTGAGE NOTES FOR SALE IN DENOMINATIONS OF 500 DOLLARS AND UPWARDS 1331 Connectiout .,'d/umu Turning Dead Ones Into Live Ones v truthiully b \n,lm.\m: INVESTMENT engaged daily carn liberal does not sacrifice one RESURRECT hidden and inactive carning low rates of interest and invest FIRST MORTGAGE NOTES paying 637 ./ Request Our MORTGAGE INVESTMENT DEPARTMENT to furnish details. said o DEPART \i in turning rates of intere iota of securit roductive and at those take some of dollars, or those hem v our FOR INVESTORS MORTGAGE NOTES IN CONVENIENT DENOMINATIONS ON IMPROVED PROPERTY in DISTRICT os COLUMBIA H. L. RUST COMPANY 912 15th Street Main 6888 The Satisfaction of Safety \7 OUR investments in our First Mortgage Notes will always be a source of sat- isfaction to you. You will know that the proven system of safeguards protecting them make these investments 100‘: safe. Our constant supervision of the loan until final payment of the notes assures you not only prompt payment of interest, but also the return of your principal. your safe You know, too, that based on the olde known form of security—real estate—they do not fluctuate in value. Their great sta- bility makes them entirely free from market changes that affect other forms of securities. And they bring 61 7. Could You Ask For More? SWA]{TZELL &HEEM &HENSEY Co. Sireer. AW ((flshmqmn.]) C. 56 Years Without I,/,.n to An Inz Dated: April 28,1925 Appraiser John F. James & Sons, Brooklyn Joseph M. May, Brooklyn We summarize as follows from a letter from Mr. Abraham Bricken, president of 22 Court Street, Inc., the borrowing cor- poration in this issue: 1. First mortgage on land in fee’ and new 28-story steel frame, fireproof office building, to be the tallest and finest in Brook- lyn. The building is to be erecs- ed at once on the best corner in the Borough for an office build- ing, directly fronting on Bor- ough Hall Park, surrounded by the principal Brooklyn fi- nancial institutions, office build- ings and retail stores, with ex- ceptionallygood transportation. 2. Since purchasing this plot a few months ago the borrow- ers have refused a bonafide of- fer of several hundred thousand dollars in excess of the amount they paid for it, because of their confidence that the property is bound to prove highly profitable and en- hance greatly in value in the next few years. 3. The net annual rental earnings are estimated on a ESTABLISHED 1882 . Established 1907 A w e b THE STRAUS HALLMARK ON A BOND STAMPS IT AT ONCE AS THE PREMIiER REAL ESTATE SECURITY $3,500,000 Court & Remsen Streets Office Building (26 Court Street) BROOKLYN, NEW YORK CITY First Mortgage Sinking Fund 6% Coupon Gold Bonds Interest coupons payable April 28 and October 28 Independent appraisals value the land and completed building as follows: Value Land $1,998,700 1,800,000 It will be noted that the value of the land alone is more than half the total bond issue. Price: Par and accrued interest to net 6%. Call or write for CIRCULAR 260-G S. W. STRAUS & CO. INVESTMENT BONDS NATIONAL METROPOLITAN BANK BUILDING WASHINGTON, D. C. Telephone Main 5847 43 YEARS WITHOUT LOSS TO ANY INVESTOR Maturing: April 28, 1940 Total Value Completed Property $5,043,863 4,800,000 % Loan 69 72 highly conservative basis at nearly two and one-half times the greatest annual interest charge and greatly in excess of the greatest combined. sinking fund and interest requirements.. 4. The property is in strong hands, the principals in the op- eration being extensive holders of New York City real estate, of long experience in the construc- tion and operation of commer- cial buildings, and with a net worth of more than $5,000,000, or approximately 150% of this issue of bonds. 5. The total issue of $3,500,000 willbereduced through thesink- ing fand to $2,221,500 in 1940. Our previous experience with first mortgage bond issues se- cured by Brooklyn properties has been most satisfactory, and these securities occupy a favorable position in the outside market. These bonds, in our opinion, will have an equally satisfactory market. Wegecommend this issue as a sound and conservative investment. Denominations, $1,000, $500, and $100. INCORPORATED