Evening Star Newspaper, July 20, 1925, Page 19

FINANCTAT, THE EVENING STAR, WASHINGTON, D. C, MONDAY, JULY 20, 1925. FINANCIAL. » 19 Fi Mrmuwt Action WE B OR SELL & P S P Money to Loan i NEW YORK CURB MARKET | [First Mortgage Loans [ WEBUYORSELL [ rinst moxraaces | MONEY TO LOAN ||y s oomogmom | We Buy and Sel Lowest Rates of Interest and Commission MPRO REA| J k ON IMPROVED REAL ESTATE i Wasn L & Received by Private Wire Direct to The Star Office Thomas J. Fisher & Company, Inc.|| STOCKS AND BONDS ||| Dencminations of $250, $500 IN THE DISTRICT OF Joseph I Weller 2751 ] ibert Bonds BY WILLIAM F. HEFFERNAN. |of the few incidents of the day on the | e —— MEHLMAN & COMPANY A150; 91,000 ssdilpwards e of I e y NEW YORK, J vi a Brokers Current Rate of Interest , July 20.—There was|side of higher prices. This appeared TH 1 tnternationst miae" 1318 P 8t N.W. 61/2% ¢ T not the forward push in the Curb|to be directly due-to publication of the REAL ESTATE LOANS | Phone Main 3847, FLOYD E. DAVIS COMPANY ||| fi T N t Market today as there had been|mine manager's report of recent de- ANY AMOUNT 1] | S e — All_Loans Made on Property P Ve l'eas 0 CS Al 733 12¢h Street Northwest througout last week. Stocks started |velopments at the property in Beitish 5.}% APARTIANCHO o | i ; Located in the District of N L in strong. but after the first half hour |Columbla. b . o s ' o Columbia 5 :ha general price movement became| The advance of a point on rur&r,\,l_‘r;;si RESIDENCE LOANS AT LOW RATES : : s L ’:-‘.:'T‘aug‘”‘"""‘ LOAN Etc. e, i e s os | sy S et s et | FRED T, NESBIT ||| FEDERAL-AMERICAN (| JAMES F. SHEA —— The opening advance of more than |ing the market vulnerable, bid the v MEN g ! o o Bk oty 5 polnts in Ingineers' Gold was one ' stock up in the absence of offerings. | Lo — NA'"ONAL BANK 643 Louisiana Ave. N.W. przl\:t 5 "p‘mp"';ry L wi;‘:m'n 1 Bond Department i i ton. Current rates. Prompt I! Lo cEw yoRw, gty z0.—veuowing| csew s e 2, ww w0 | Little By Little ||| RESOURCES, $14,000,000 > The Washington Loan 1s an official list of bonds and stocks Qe Ry (7% (9 T8 | 2 i SECOND TRUST NOTES raded In on the New York Curb| 1 ConsReraism: 11y 0. 18| Small systematic savirigs' intelli- 1315 F Street UICK LOANS Funds aratiatle for tha. our. .5 and Trust Company {mted i _on {oue Boraligs 1y W, 101 ] cnlat®a? o HANNON - & LUCH Sai g dEadid Ol oo 1 b4 ail|gently invested grow to.a massive JOHN POOLE, President 2 & ol Bromint setion 18 2 900 F Street ™ Fousands Low, Close. §GuT0Tor Pal 78 TEN T8N | fortune. All persons agree that our : HOME OWNERS |[& s Ifl 713 & 715 14th St. N.W. 7 Aluse T S [00%180m | 47 Lago pel’. o .3 |First Mortgage Notes are good in- - — @ Washington Investment | Main 2345 620 17th Street 87 AmGan & EI 6. R i e Sl 0 5 B vestments. So why hesitate? Act $150 to $5,000 on and Transactions Co. A Routsih % (in ahe | goderal - 19 | today while the matter is fresh in Let 2nd Sod 3eq i reis 15 14th 86 NW. - = S === = A | qe & 21 Mex Panued IS i Iri 8 g So__hree _Bays 5 .’?:\m»nnm R 5 :Eh“ }E“g; § Mount Trad % 213 |your mind. Write for booklet or call Safe 77 Bond DISTRICT TOAN FPROCEREMENT €O & 5 e 5 e o Al § New Bradtord o z ugt: C. L. O'DONNELL, MGR. 0 Bonds Oven Eventngs ¥ to b ¥ : 00“00“““0“ qufltflble Co-opel’atlve Bmldmg Ass n B Be 5 b i 1Ghio Fuel, Corn. 2 %R Mortgage Department = e Ja R e dE oo 2y 2 v yuu;gu:.:.zfiu;x::? JOHN JOY EDSON, President FRANK P, REESIDE, Sccy. it 1 b heing e - t A { 34 it .5t ) peadable income of 7%. Invest NEVER PERMIT Assets ..or.roe. $4942,13268 Surplus ...........$1,31%,011.44 5'1 sc 231 183w W o in 7% Smith Bonds, which give e : ® | a6 i e 5 19 |14th & K Main 9080 | || you the protection of safeguards YOUR DOLLARS Subscriptions for the 88th Issue of Stock Being Received [/ 3 2 AN 3% S that have resulted in our record TO BE IDLE! L‘" 3Eo8 X9 2 %o of no loss to any investor in 52 n 1 Gudahy i -08 years. 2 The only dollars worth while to you are DOII,LAR.s AT S S t t- “ j'( 0 Detror i ORK. Y. ive y fi t it i WEAL § L ooy s P Mo WORK. You can give yours most proftable employment iu ave Jystematicaily i 28 , 4 ge s wi we now offer e b s 10 a Wt 1?%:»\?‘ ?i RE T =§§ % | : é‘gs 3 ;vfll v;y you 7% for any period FIRST MORTGAGE 6'2% NOTES Alwa ."(Y'f[y'”{r;ril/lr; ,”,1(»,,”- S‘ fo_[! 3," B Grand Trunk 6 o mg rom 2 years to 15 years. And Tt s absol safety of principal and larger earning you earn, b < OU SAVE W 18 St Troms 81 102 b 32 Years’ - you may buy these bonds in any power thn in any other Gonservative investment. We relieve TEH A OUNTS. The Equitab { TRt ¢ e, 00 2% 8 THAT COUNTS. The Equitable is 15 Lonx Taland 68, 101% 38% amount, in denominations of vou of all detalls. - iy Fi e i 1 3 g i1 E = $100, $500 and $1,000, either out- helping hundreds to become financially i) 00, 1 T s Xperience . right or under our Investment Consult Our Mortgage Investment Dept. recognized thru their Systematic saving | 9218 39 B B8 Savings Plan. . A SRier ko thes Hion® ?’ 108 iy fan in plan. Are you a saver thru this plan? 3 A 1 4 7 our of current offerings. $ = { 0| R R N B Property { oz SOD GlTar w478 478 .47 e [ fi 1oh P Management S 1IN, . { 1071 b3 { i ; ; The F. H. Smith Co. 4% 1 108 bt Founded 1873 lg B. F. SAUL Co. 815 Fifteenth Street--Main 6464 1814—OLDEST NATIONAL BANK IN THE CITY—1925 : Main 2100 e | A HELPFUL FACTOR : 925 15th St. FOR INVESTORS | The Metropolitan has figured, and continues 2 Name polita g , and cor i | an important factor in the develop- 3 | National Capital. 5 13 | {1 Our century and more of erience. togethe : 1 perience. together MORTGAGE NOTES || [ 100 o and more of experence oge 831 R ; IN CONVENIENT DENOMINATIONS 3% Paid on Savings B | b i | N IMPROVED PROPERTY I JATY 2 Ey st B B3 : , ON IMP NATIONAL ey FER N / > s - in DISTRICT v COLUMBIA o B i3 Inspect Your Own Security METROPOLITAT in STANDARD OIL JSSU! 3 "I gne Asrg“?i]"”'t " ,,?3 ANY investors like to see for them- 11 o selves the actual residential property that protects their First Mortgage Notes. This is but one of the numerous good features this safe and profitable form of investment affords you. old Goodyear Tira T Gouid Coupler A Grennan Bak H. L. RUST COMPANY 912 15th Street Main 6888 FIE G 40 Indlana, P L Inter Pet C Tid Magoplia P 15 Conmile Mr. King, Mgr., Loan Department BOSS b PHELPS HOME OF HOMES 1417 K Street Fr e Relvinator Kraft Cheese La S, As all of these Bonds have been subscribed for, this advertisement appears only as a matter of record. 375,000,000 Commonuwealth of Australia External Loan of 1925 Thirty-Year 5% Gold Bonds Dated July 15, 1925 Due July 15, 1955 Interest Payable January 15 and July 15 , 3 Mid w 388 Miller_ Rubber. . 188 Miss River Pow 62 119 Monaw Sales. INDEPENDENT OIL STOCES. hundreds ; 4Am Cootrl Oiltds 71 59 Am Maracaibo C 107 3 at Gas e Val .. 1 kS etiCerb Smd .l 38 §u 44 Washington Stock Exchange s. S. Potomar Elec. murf— $1.000 at 100 Washington (as B '33—3500 at 10313 o IERn, 3an 5 e Too. 10" at 100, CE S Offers to Make NOT REDEEMABLE PRIOR TO JULY 15, 1952 Redeemable, in whole or in part, on July 15, 1952 or on any interest payment date thereafter, on 60 days’ notice, at 1009, and accrued interest. RIS First Mortgage Loans at 344, 2 at 85. 6 i on Improved Real Estate In the Coupen Bonds in denominations of $1,000 and $500, not interchangeable. AFTER CALL. Tashington Gas 6s '33—S500 at 1031 Capital Traction 5s—3$4.000 at 98%. S500 Amer. Security & Trust Co.—10 at 344 %. Wash. Rwy. Elec. pfd.—1 at 84. 10 at B4. 10 at 8¢ Col “Title Ins. Co at 81 nld—$50 at 9%. Tatonal Mige. & Inv Waah Clec 4a—$500 at 0% Wardinan = Park Hotel ~ 68—$2.000 at District of Columbia and Suburbs for 3, 5 or 10 Year Periods Principal and interest payable in New York City at the office of J. P. Morgan & Co., in United States gold coin of | the present standard of weight and finencss, without deduction for any Australion faxes, present or future. TR Business Properties Office Buildings 5%% APPROVED SECURITY Apply : RANDALL H. HAGNER & GOMPANY MORTGAGE LoaAN GORRESPONDENT The following statement in connection with this issue has becn prepared from information furnished by the Right Honourable Sir Joseph Cook, P. C., G. C. M. G., the High Commissioncr for the Commonuwealth of Australia in London: 20275 Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. RS 3 Jig R e LRI GENEBAL The Commonuwealth of Australia is comparable with the Dominion of Canada in area, resources and importance to the British Empire. i This is the first external loan which the Commonuwealith has issued outside of the London market, where its securities enjoy the highest credit. Loans of the Commonuweaith issued in London constitute a legal investment for Trustees in Great Britain. 1. & Telrs. dx.. B American Tel. & Telga. 4a... 7% American Tel. & Telga. 498, AR TRl & Tel. ctl. tr, Be. . Am. Tel. & Tel. conv. 6s. Anacostia & Potomac be . Ana & Potomac guar. bs... C P. Telephone 3s. . . & P, Teleohone of Va B PURPOSE Through the issuance of this Loan, of a £5,800,000 loan in London, and of a long-term OF ISSUE conversion loan to be issued in Australia, the Commonuwealth is providing for the refund- ing of short-term war debt which matures in December 1925. Georgetown s 1st b3, Fotomac Elec. Tst 5e.. Potomac Elec. cous. 5e Potomac Flec. 65 10 Tot. Bl Pow. g. m. & Wash.. Alex. & Mt Ver L Alex & Mt V. ctf ash.. Balt. & Annap. bs. .. GOVERNMENT The total gross debt of the Commonwealth as of March 31, 1925 amounted to DEBT $2,101,759,763, consisting of $282,351,498 external debt in the hands of the public (pay- able in London); $428,726,995 debt to the British Government (to be amortized by 1956 under a funding agreement of 1921); and $1,390,681,271 internal debt. The foregoing represents the entire indebtedness of the Commonuwealth as it has no guarantees o, é 3 Houses Apartments é % g % é P outstanding. H 15 MISCELLANEOUS, 1% REVENUES AND The ordinary revenues of the Commonwealth in the fiscal year ended June 30, 192 2. C. Paper Co Ga oo ioiie : =20 i EXPENDITURES (partly estimated) amounted to $334,800,000, and its ordinary expenditures to e e oA sEn i $325,200,000, resulting in a surplus of $9,600,600. These figures do not include expend- F5s Realty bs (short) 0% 0 8 itures 'for ‘public works or for. certain non-recurrent charges consequent upon the war, amounting to PRt IO o *Gior 5. '03 0% % epproximately $46,300,000. Wardman Park Hotel 8s..... 101 b e 1Y z - AT a7 = > 8 3 MONETARBRY The monetary unit of Australia is the pound sterling, the gold standard having be. STOCKS. 2w 2w Steady Safety SYSTEM restored on April 28, 1925, co-incidently with similar action in Great Britain, by the PUBLIC UTILITY. ! T‘é 232 removal of restrictions on the export of gold. The Commoniwealth Bank has the sole American Tel. & Telg: Capital Traction. Washingion G power of note-issue and on April 30, 1925 hed $276,856,285 of notes in circulation, against which it held a gold reserve of $124,979,287, or over 45%. All figures stated in dollars in the above statement have been converted from pounds sterling at par of exchange. : THE First Mortgage Notes offered by us are non-fluctuating. There is no decline in COTTON SELLS OFF AFTER EARLY GAINS oo s e 7 gt ol oo like mercury in a thermometer. i Wash. Rwy' & Elec. Terminal Taxi com.. NATIONAL BANKE. National Capital.... Columbia x Commiercial District . THE ABOVE BONDS ARE OFFERED FOR SUBSCRIPTION. SUBJECT TO ISSUE AS PLANNED, AT 99V4% AND ACCRUED INTEREST. Dt or & Mechanics 5-the Associated Press Tamooln "o the lead of Liverpool, the local cotton ortable assurance that he 7 : B market opened firm and § to 14 points the worry of seeing them quoted at one hundred Subsoription books will be opened at the office of J. P. Morgan & Co. at 10 o’clock 4. M., Monday, o0 Bask of Washington.. higher today, with an early demand cents on the dollar today and ninety-five cents July 20, 1925, and will be closed in their discretion. The right is reserved to reject any and all applica- TRUST COMPANY. from shorts, Liverpool, New Orleans six months or a year later. tions, and also, in any case, to award a smaller amount than applied for. The amounts due on allot- and commission houses. Sentiment A T 43" %4 |for a time appeared to be quite bull- . ments will be payable at the office of J. P. Mordan & Co., in New York funds, the date of payment (on Sferehinig, Bank L0l 100K 198 :flno;“&?;&f:g::%o::{hesru:?u{ If you are interested in an investment that or about July 28, 1925) to be stated in the notices of allotment. Temporary Bonds or Interim Recsipts e I e il crop reports is safe and worry-proof, you can do no better will be delivered, pending the preparation and delivery of definitive Bonds. Application for the listing of the definitive Bonds on the New York Stock Exchange is to be made TCOmLERE weton P DhmasienD than to consider-these Notes, now yielding by the Commonuwealth of Australia. sequently increased on the suggestion of local weather map readers that barometer lines indicated possible showers in Texas. ni Stal l 2 ooy D e, G i, s 6%2% J. P. MORGAN & Co. American . oS e FIRST NATIONAL BANK, New York THE NATIONAL CITY COMPANY, New York Firemen's Xational U GUARANTY COMPANY OF NEW YORK . ; BANKERS TRUST COMPANY, New York HARRIS, FORBES & CO. LEE, HIGGINSON & CO. BROWN BROTHERS & CO. KIDDER, PEABODY & CO. MISCELLANEOUS. futures opened steady. July, 23.60 $ bid; October, 23.43; December, 23.58; fi.feh‘::.h?a'@%i fi‘i . i |January. 23.60, bid; March, 23.85. . - s § ictroe 12 : 5 i S It 1]7% §;Z o Tior Ocane cefiga bafias loloied sandy; 56 Years W ttlwuvl Lass to An I nvestor, Dated July 20, 1925 3 368 * o