Evening Star Newspaper, May 6, 1925, Page 27

FINANCIAL. NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office }uu.lr\ez showed up exceptionally well{ d|and since then have been on the in BY WILLIAM ¥. HEFFER) W YORK. May 6. strength in public utilities overskad- | crease. owed operations in other sections of| Other feature the Curb Murket today. An outstand-| Power above 1 ing feature was the unprecedented | vious close of Electric Bond and | demand for the low-priced Northern|Share up almost 2 points, Carolina Ohio Power, carrving it to a new | Power up }5 and Consolidated Gas of high record around 12, as compared | Baltimore up over a point to 33, with last week's close of 7%. The| The reduction of 2 cents a gallon in company was organized in January|gasoline gquotations by one of the 10 take over assets of the Nor:hern|leading companies occasioned sur- ©Ohio Electric Corporation, which .in-|prise. But it was pointed out that it led approximately $10,000,000 of | applied only to three cities in the Northern Ohio Traction and Light | last to meet local conditions. The | Company. Earnings for the firstl oils continued tu move forward. were Commonwealth as against the pre- ' L & W Coal 103 Dodge A w1 16 Dubilier € & 1% Durant Mot NEW YORK, an official list traded in on May 6.—Following is of bonds and stocks the New York Curb | ferings THE EVENING COTTON QUOTATIONS IN SLIGHT ADVANCE | Early Offerings Soon Absorbed. Trade Awaits Weekly Weather Report. By the Associated Press. NEW YORK, May 6.—The cotton market opened steady today at an advance of 2 points to a decline of 4 points. There was selling on re- s of further beneficial rains in Texas, but the market was sustained by covering, which appeared to be in | anticipation of unfavorable featur in the Weather Bureau's weekly re port on. crop conditions In_eastern and central belt, sections. Barly of- were soon absorbed, the market selling up to 23.76 for July| STAR, WASHINGTON NET INCOME SLUMPS. NEW YORK. May 6.—1he report of Fairbanks, Morse & Co. for the first quarter of 1925 shows a drop in net income to $379,710, equal after pre- ferred dividends to 67 cents a share on 368,977 shares of common stock, against $421,432 or $1.35 a share on 294,383 shares in the corresponding quarter last year. RO S .50, C, B. & Q. REVENUES FALL OFF CHICAGO, May 6.—Operating reve- nues of the Chicago, Burlington & Quincy Rallrond decreased $8,595,- 782.82, or 5.02 per cent, last year from those in 1923, but the net income of $21,899,828.80 was $2,609,299.61 great- er, according to the annual statement today. SIRIMUINIIZSAHII % Mortgage Loans Funds Available for WEDNESDAY, MAY 6, 1925. Money to Loan Secured by first deed of trust on real estate Prevailing interest and commission Joseph I. Weller g2 ve % $ ! 2 Unqualified Guarantee— Maryland 1st Mortgages FIRST MORTGAGES tc in denominations of $500 0.000 on Montgomery and Prince Couty rea APPEAISE: MENTS by the Valuation' Committee of the’ HYATTSVILLE BUILDING AS80- CIATION, with ‘a record of 40 years rithout 4 lots and nearly three millions B @ " in Maryia . ONAL 4 PER CE PAY. TIFICA Jour, recelpt pending D FIRST MO Not a participat We offer yield 6% net, 5 Lo 81 ) R 5 are issued £y 0t ALY SACE TNVESTMEN, ing “trust certin FINANCIAL We Have Right Now SEVERAL exceptionally good offerings in First Mort- gage Notes secured on Wash- ington residential property of sound value. These Notes pay current interest rates and may be had in convenient amounts from $100 up. BOSS A0 PHELPS HOME OF HOMES Mortgage Dug:! to Investor Market today: n HONDE kh First and Second Mortgages On and 28.37 for Ooctober, or about 10| to 14 points net higher ew York cotton fut net deerme ot SH'Ee a8 iy K Street NW §2 Woren 15sucd Main 9300 Protects Fiv ortgage . Low. Close closed easy at of, Residential Propery . (7 9 T o in 1% 91% ESTATE TITLE CO. C. A. M. WELLS, President 101 % Svact N W o May July October December Januars Openine: M ber. 23.28: December. New Orleans Quotations. NEW ORLEA Tay 6.—The cot- ton market made a poor response at the opening to decidedly better Liver- | pool cables than due. First trade were 2 points down to 2 up com- pared with yesterday's close. Right ter the call October traded down i 5 and December to 23.02, or 1| to 3 points under the previous close, but promptly rallied 5 points to for October and 23.07 for December, or 2 to 3 points net higher. ans cotton futures closed steady New Ol Vet dectine "ot 55"t ‘S8 Pointe Improved Business and Residential Property APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent Subwrbs in Montgomery County, Md. 3: % INTEREST 4 Happiness C § 11 intl Contl Rub. 3 Intl Con Ind C 7 Intl Match € pid i Inter-Ocean R C 20 Intl Uuil B 10 Kelvinator ¢ 3 Land Hold C A 13 Lebieh Pow sec Investors Should Read This Annual Report International Finance Corp. Commercial National Bank Bldg. A copy of the Fifteenth Annual Report (for 1924) of Cities Service Company, just issued, will be sent to investors upon request When you read it you will be impressed with the progress and stability of this large pub- lic service organization. which now has total assets of more than $553,000,000. You will see clearly the substantial, steadily growing margin of safety which protects an investment in Cities Service Preferred Stock The Prudence Company, Inc. of New York T Motion Pic Cap C i Musia Master C Januar Openi October. 1 5520478 BUTTER LOWER TODAY. CHICAGO. May 6.—Butter—Lower: creamery extras, 391a; standards, 40; pxtra firsts, 38%,a39 s, 37a37 seconds, 32a35'%s ggs—Unchanged FOR SALE 63% First Mortgage Notes Secured on centrally lo- cated business property. Gardiner & Dent, Inc. 1409 L Street Northwest Main 4884 "Ev = ,*fi,f, — WANTED Second Trust Notes This company has funds avaiiable for the purchase of all kinds of second trust notes, secured on real estate in or close to BIC Prompt Service 1 Washington Investment Transactions Co. Inc. 713-15 14th St. N.W. Main 3662 [a———|aj—1| Invites Applications for Construction Loans Long-Term Refinancing Amounts of $50,000 and over FRED T. NESBIT Loan Correspondent Investment Bldg. Main 9392 :fl pply ro H. L. RUST COMPANY LOAN CORRESPONDENT ®se PRUDENTIAL INSURANCE COMPANY ¢of AMERICA 912 15th Street N.W. Main 6888 # Pow Corp of 4 Pow Secur Cor 1 Pratt & Lamb € 1 Prophslac Brush Bak A B At its presemt price this sound security may be purchased to yield a safe income of 7V,%. On request a copy of this report will be mailed. Thomas W. Brahany and Company 803 Wilkins Bui receipts, 25,481 1 Punity ? Rem NoisI T C A 3 Rem No T pid 5 Reo Mot * Rosenh Gr € bl 3 Rova Ra C tr ofs 5 Equitable Co-operative Building Ass'n JOHN JOY EDSON, President FRANK P. REESIDE, Secy. Organized 1879 453th YEAR COMPLETED ..$4,942,132.68 Surplus $1.317,011.44 Assets Subscriptions for the 88th Issue of Stock Being Received 2 Howe S nw v t ¢ 4 Jerome \ Devel 130 Kay Copper Cor 80 Lone Star $2,200,000 65 W. 39th Street Building Northeast Corner Sixth Avenue New York City First Mortgage Sinking Fund 6% Coupon Gold Bon@s Dated April 27, 1925 Acquire the Systematic Habit —of the 'Equitable, and see how casily it is to accumulate money Bear in mind. it carn BUT WHAT THAT COUNTS Join today and learn oi the best way to save 915 F St. N.W. I 10374 1014 1001 1001 7. 9013 90 DARD OIL ISSUES &- Shares & ’, kY 4 s not what vou You A 0 [m‘\ oii Cinada n 0 Ind P L Mont R200 Intl Pet’ Co ltd N il “50 Magnolia Pet . . 600 Ohio OIl 1300 Prairie 0 & G 260 Prairie P L BOSTON STOCK MARKET. BOSTON, May 6.—Following is a | list of today’s highest, lowest and closing prices for the most active | stocks dealt in here Amoskear, Arizona Com Boston & Maine Calu & Hecla Copper Eastern S Fl M:ruring April 27, 1937 2% Federal Income Tax Paid Interest Coupons Due April 27 and Oct. 27 Officcs for Rent ‘l‘ Y We summarize as follows from a letter from the 680 Sixth Avenue Corporation, the borrowing corporation on this issue, and from data compiled in our own investigation: 4 Creole Synd 2 Euelid 01l Co . & Gibson 01l Cor. . -5 Guil Ol of Pa Lspecially well ar- ranged for Builders and Realtors have been asso- ciated in the financ- ing of more than 300 Public Utility Com- . panies, representative of which are the Com- panies briefly described in our new booklet, 00018~ “Power and Light 19257 Bonds.” 1 1680 Security—The bonds are secured by a direct closed first mortgage on land in fee and new 23-story, steel frame and concrete, fire-proof mer- cantile building to be erected on the northeast corner of 39th Street and Sixth Avenue, New York City. (Qubtations! firatdiied i B Hibbs & Co.) Xominal Selling checks | sold v today. London. pound franc Rentals—thirteen of the 23 floors—61% of the space—have already been rented. More than fifty applications for the remaining space are on file with the borrowers, and the entire building should be under lease within the next thirty days. Rome Zurich, Athens Madrid lira franc Saul.Building 925 15th St. N.W. Taga 0000148 Good Service—Eleta- tor—Reasonable Rent TREASURY CERTIFICATES. 4 (Quotations furnished by Re dn:\u;:l & Co) Ask for A-557 B. F. SAUL CO. Main 2100 925 15th St. N.W. Location—the property is ideally located for its purpose, in the heart of the newmillinerydistrict. The principal retail establishments and depart- ment stores, as well as many of the city’s largest hotels, are within a radius of a few blocks. lndependm! Appraisals— Building Value Stockholm.’ crown. Total Value $3,150,000 3,200,000 Loan % 69.8 68.7 ] Anhur Fischer Shroder & Koppel Spear & Co. Fred. T. Ley & Co. Earnings—the net annual income from the property, after deducting taxes, insurance, operating costs and with due allowance for vacancies, is estimated at $334,000, more than two and one-half times the greatest annual interest charge and more than $152,000 in excess of the greatest combined sinking fund and interest requirements. E. H. ROLLINS & SONS 2,050,000 Founded 1876 416 Woodward Bldg., Washington $1,150,000 2,100,000 f 3,250,000 67.6 Prompt Action First Mortgage Loans, Lowest Rates of Interest and Commission_ New York, Philadelphia, Denzer, San Francisco Boston, Chicago, Thomas J. Fisher & Company, Inc.| 738 15th Street FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, Predident PERFORMANCE Ownership—the principal owners of the borrowing corporation are men of high standing and ample financial responsibility. They also own and control 550 Seventh Avenue—a newly completed building on the northwest corner of 39th Street and Seventh Avenue, which is 100% rented and occupied. Market—the market position of first mortgage bond issues, secured by properties of similar character in New York City, and underwritten by S.W. STRAUS & CO., is especially satisfactory. Bonds of the Printing Crafts Building First 6s and 1 West 39th Street First 6'2s, among others, enjoy an exceptionally favorable position in the outside market today. The 65 West 39th Street Building bonds should have an equally satis- factory market. These bonds are offered at par and accrued interest to net 6%. Denomi- nations, $1,000, $500, and $100. Call or write today for detailed infor- mation regarding this issue. Ask for CIRCULAR 261-G - S.W.STRAUS & CO. ESTABLISHED 1882 INVESTMENT BONDS INCORPORATED NATIONAL METROPOLITAN BANK BUILDING WASHINGTON, D. C. Telephone Main 5847 43 YEARS WITHOUT LOSS TO ANY INVESTOR Dependable 7’s 'HY worry over the uncer- tainties of fluctuating se- curities when Smith Bonds will pay you a definite income of 7%? Behind these strongly secured First Mortgage Bonds is our re- cord of no loss to any investor in 52 years. A definitc system of safeguards assures prompt payment of principal and in- terest. Our booklet, “Fifty-two years of Proven Safety.” gives full detaily about these time-tested sccuri- ties. Mail the coupon now. P REFERABLE TO MERE P ROMISE— WHAT we SAY we DO. we DO DO— “Actions speak louder than words,” is an old proverb which applies with great significance in the realm of investment. The smou’lh tongue of the promoter has wrecked many a life savings account. Napoleon onee said —*"“what hath he DONE?”" The above proportion of one “SAY" & objective In_ offering our FIRST MORTGAGE TNVESTMENTSS. We want to §o me ‘second mile” when handling the funds of our (Ilenu i Curt Aero M pfd 1 Curt_Assets Cor i De For R C vt N\ Metropolitan Housing Loans (sletropolitan Life Insurance Company) On homes in the District of Columbia and suburbs in Marv= land and Virginia. These loans may be made for 15 years and are very ad- vantageous to the borrower for the reason that they elimi- nate extensions, or new loans at the end of short periods. No life insurance requirement. Write for booklet. re proud of our ability to refer to THOU s. PIED TA TR o THOUSANDS OF SATIS- WHY NOT BE ONE OF THEM? today is 6 and the den The interest rate today Js 634 and the denominations ure $100 upward. TheF. H. Smith Co. Founded 1873 Ne Loss 1o Amy Investor in 52 Years Smith Building, 815 Fifteenth St. Unlimited funds for foans in the District of Columbia on BUSINESS PROPERTIES APARTMENT HOUSES OFFICE BUILDINGS AND HOTELS Lowest Interest Rates—Brokers’ Applications Invited WEAVER BROS., REALTORS 735 15th St. N.W. Phone Main 1821 MORTGAGE INVESTMENT DEPARTMENT SHANNON & LUCH 713 and 715 14th Street N.W, Main 2345 THE F. H. SMITH COMPANY Smith Building, Washington, D. C. Please send me & copy of your new booklet “‘Fifty-two Years of Proven BIMS—S. W8 & Co. Ine.