Evening Star Newspaper, June 5, 1925, Page 29

FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, FRIDAY, JUNE 5, 1925 FINANCIAL, NEW UTILITY STOCK ISSUE | to $15500057 an ncrense ot 550 Money to Loan lo————|o|c—a| WE FINANCE the total for the five months of 1925 Secured by Arat deed of trust an roal estate. om0 WA SR R R s Few Realize o ot wais Gistive|[| . WANTED [} S0s il roe FEN%T%(A)IfiAAFEg%(N e D AN Second Tmst Higbie & Richardson, Inc. ||| RBOURCB, $14,000,000 ssue of 50,00 s of class A stock | 10 per cent. 9th & F N.W. of the Southern a Power Cor- Sl SN = REAL ESTATE LOANS |/ {l] - 816 15th St. N.W. | [f— 1315 F Street 537 4o AR e Notes d g ree NI H £ —the extent to which sound management Your Banker Knows. poration off v Hambleton 50 a share BUSINESS_ PRO) | p JOHN POOLE, President RESIDENCE LOANS AT LOW RATES This company has funds eeds willl When in doubt about a security FRED T. NESBIT available for the purchase SECOND TRUST protects them as investors. You know the properties at | consult your: banker. It is equally men who comprise the Wardman organiza- 1, Ali. The | g5 much his interest as yours to pro- INVESTMENT BLDG, Main 9392 of all kinds of second NOTES Quick, Courteous Action trust notes, secured on | Money to Loan on Jst, 2nd and 3rd Trusts mulative divi-f¢eot your savings, Tou trut him tion, their records and achievements; yet 1l rate of $1.75 after | with “your deposits—why not trust % do you fully appreciate that these same men Mo 0 AT luim with your investment problemat saféguard your interests as holders of Ward- 1 ) ) SE] U N M: Ad ed for P t of T ' real estate in or close to R A AT CERBINT [l | soney Eomazi™res foe ST e e 5 | e e Ry i man 614 % First Mortgage Notes? W A UNION FINANCE CO. District Loan Procuremen* MAN Efficient Loan Service 1410 H St. N.W. Company Constructio mpany Money to Loan Il = o] |z19-223 Kel!;_)g:f g‘lm, ;g: F St.N.W. 4430 KSoeet NG Main 3530 : on ——— First and Second Trusts Applications Invited | REERIRERZEE WOOLWOR&‘H SALES UP. Mile. Lenglen, the most famous woman player lawn tennis has ever NEW YORK, June 5 (4).—May sales | known, is turning her attention to the of the F. W. Woolworth Co. amount- ' writing of fiction. = EvEIETINTETETENIE waaEEsd “We House One-Tenth of Washington's Population” L T T e e T P e e T T T T (L T 1T and APPLICATIONS INVITED ‘ Rrimyii ARisd: Aicina Transactions Co. 2 for LOANS on T —— I“ K. L. Sawsbuwy Co, lnc. I 713-15 14th St. N.W. The New York Life Insurance Company Exin 3662 g Offers to Make IMPROVED PROPERTY =N = e ‘ ‘ : First Mortgage Loans Located in the -1 ¢ % Bl District of Columbia and adjacent ) ; ) on Improved Real Estate e i | Equitable Co-operative Building Assn || ¢ P JOHN Jg}g.fi(‘z’est?\‘ _President FRA&‘S%KY{ARREESII’?IEE:T fil;cy. | In the $1.942,13268 Surplus $L317.01140 4} | District of Columbis and Suburbs l | ! - Y . 5 _2- % | | Subscriptions for the 88th Issue of Stock Being Received ['f | for 3, 5 or 10 Year Periods Houses Apartments Business Dyope:ties Office Buildings INTEREST | Trust Funds Deserve | $ystematic $aving $pells Success & ly ro I | —in saving. The systematic plan 1 | 1 g .‘ Every Safeguard o e Baiable s sevglied i | 5 H. L. RUST COMPANY I many who were formerly de- SHARES | 2 O | You cannot take too many precautions about pendent NOW INDEPENDENT. 13 ON APPROVED SECURITY LOAN CORRESPONDENT the money you leave to your family. It is per- ! 52 50 i 2 ; o i Apply Bhe PRUDENTIAL INSURANCE I haps the most serious thing any man has to | Thus, it is evident | consider. We place at your service an organi- | our saving plan is the PER | EOMER N EaIERICS Gion thatiwt <%t harmoniously with the ex- | Beat for resulis MONTH RANDALL H. HBAGNER & COMPANY 912 15th Street N.W. Main 6888 ccutor you appoint. share his responsibility and ! strengthen his position. Remember, individuals MorRTGAGE Loay GCORRESPONDENT may die, but this organization is permanent. I 915 F St N w. P e e . . | . onreclicel cVvenue, lelspihioneMain 9700 g SC(’OI](] National Bank | ! Sy R N S R R e e el e “The Bank of Utmost Service” SAFETY IS ALWAYS MORE 509 Seventh Street N.W. IMPORTANT THAN INCOME 1333 G Street N.W. TO HOLDERS OF SECURITIES OF The purchaser of our ey | ———" | CHICAGO, MILWAUKEE & ST. PAUL gets the security of choice ||| e | | RAILWAY COMPANY erty. || | They have a proven record of | June 3rd, 1925 _"r \d safety. | FO“ ;x{g»rove:l :Tpeflgoo We advise Against Depositing Securities Under the Proposed Plan of Reorganization. Century | EQR g D 2 We are preparing to send out an intensive analysis of the St. Paul situation which will be ready shortly. Without | | For the information of security holders who are asked to deposit under the Reorganization Plan, we are Ll | 1 0 | summarizing the salient features of this analysis, as follows: e i 2 | 1. The St. Paul is efficiently and economically operated. I | 2. The St. Paul is moderately bonded and moderately capitalized. nterest | 3. The poor eamings of the St. Paul are due to the rate structure. gffi‘.” B“gdi“fi‘ > Support for the foregoing statements is made in a comparison of the St. Paul with strong, well-oper- _Business Properties ated, dividend-paying roads carrying the same type of traffic, but enjoying a different rate structure. We have I 1 lected for thi : B % F % S AU L C O 2 | S R i ISAZ::::“CoaA Line Railroad St. Louis-San Francisco Railway o 1o s xw. || Wardman Construction Co. St R e 1430 K Street N.W. Main 3830. | BONDED DEBT Bonded Debt Per 1,000 Ton-Miles (1924) Quarter Average of four other roads............ 49.00 Difference .......ccceueuenennenes..$ 7.00 St. Paul’s Superiority, 14% 7% means TOTAL Total Capitalization Per 1,000 Ton-Miles (1924) $70 a year CAPITALIZAT[OH Average of four other roads. .oeveuvnn.. 39388 on $1,000 oy e The Old Virtue Of TRANSPORTATION .. Dt ot f T e e S P 2:o£:l;niut:::t’ i proportionate returnon thesmall- St. Paul e e B er denominations of $500 and s swo?nw;::};c pw\.mdu?ty R 10 M l M COSTS Average of four other roads....ccvvee.. 2.71 evidenced by our record of no —— T Tossitomyiicysiloriait s Ears: e labl ty Difference «eesesssescscecscaneeees.$ .57 St. Paul’s Superiority, 21% These 7% First Mortgage Bonds strongly s d b oved, 2 2 Average Revenue Per Ton-Mile (1924) e o e e ETHER you are buying an automobile or roofing or RATE STRUCTURE P and, through serial maturies, the linoleum or investments, there is one quality you naturally St e SR TR margin of security for investors e ; 5 5 is constantly being increased. seek most of all—reliability. Without this, you are purchasing Average of four other roads. ........... 1.380 You may invest for any period from 2 to 15 years. a liability, not an asset. Phffesericainsi doce aniiina .289 St. Paul’s lnferiori!!, 21% No depoait is required on bonds The prime feature of Straus Bonds, which we never reserved now for July delivery. Mail the coupon for descriptive weary of emphasizing, is their reliability. They are circulars. » g ¥ always paid in cash, in full, on the day due, both prin- follows: The F. H. Smith Co. . . Missouri-Kansas-Texas .. - .. 56% interest charges Founded 1873 cipal and interest. o5t Lovin-San Francieco . 50% interest charges No Loss to Any Investor in 52 Years < . . tlantic Coast Line . . 9% interest ch Smith Building, 815 Fifteenth St. This is due to the care and thoroughness with which tSouthern Railway .. .. S PR s e THE F H. SM(TH COMPANY | b mvesngate‘ e prqpogd bond issue 'ubm“_tt;dw *Dividends on L. & N. stock and interest on L. & N. Collateral Trust Bonds excluded. $1923 income account. Bt ioune Westing (DG 5 us. Our lending organization, we may state without If the average ton-mile rate of these four roads were applied to the traffic of the St. Paul, the St.Paul's results for 1924 qurrentofferings of 75 First Mortgage fear of contradiction, is the largest, the most expert, s would have been as follows: onds to: . o Per Cent of all Per Cent Per C. the most thoroughly equipped, and most experienced OniHasin of thetAverage e e -t ot it of itskind. Ton-Mile Rate of Charges earned Preferred Stock of St. Paul 1 : PR T R 26.75 . When this organization accepts and purchases a bond issouri 2 o Fo 25.72 Atlantic C. L. i 201 39.29 issue for resale to the public, investors may know that Cuien R z D192 18.03 3 MONEY | ! the bonds are reliable. These figures demonstrate that the difficulties of the St. Paul are not due to excessive capitalization. We suggest that Straus Bonds, for safety, yield, market, and They are due to inadequate rates. | diversification, should form a goodly part of your investment The Interstate Commerce Commission’is considering the rate structure at the present time. TO holdings. They yield at present prices up to 6.15%. Investigate them. Call or write for In 1924 the St. Paul's earnings were 90% of its charges. If the St. Paul ton-mile rate were applicd to the traffic of these four roads, the results for 1924 would have been as Name ___.. Address No reorganization should be consummated until the pending rate applica- tions have been decided and every effort to obtain fair rates has been made. LO AN BOOKLET 3%.G With fair rates the bondholders would not have to make the heavy sacrifices " required by the published plan, and stockholders would not be required to pay The Straus Hallmark real bond stam; 0 > 3 . 5 R e Pt ety m‘: l so burdensome an assessment as the price of preserving their equity. —on First Mortgages Stockholders and Bondholders are invited to communicate with us, stating the amount and character of St. Paul securities beld by them. on improved property rent rates. Prompt I} ESTABLISHED 1882 N INVESTMENT BONDS < INCORPORATED erei i NATIONAL METROPOLITAN BANK BUILDING '5’ 0o 5ey eli & g on I 4 ‘WASHINGTON, D. C. . Telephone Main 5847 30 Pine Sireet, New York [SHANNON: & LUCHS)| 43 YEARS WITHOUT LOSS TO ANY INVESTOR ° 713 & 715 14th St. N.W. Main 2345 anolysis is based Saken officia) sowrces. They hawe been checked for ws by Mr. T. A. Homilton, Jormerty Pnn'lo:l of W';fl.‘c::l-flvm Nerthern Ravirosd. We believe they ore corvect, |