Evening Star Newspaper, July 28, 1925, Page 21

FINANCIAL THE EVENING STAR, WASHINGTON, ¢, TUESDAY, JULY 28, 1925. FINANCIAL — $750, $1,000 and Upwards SECOND TRUST NOTES { Firs Second Trust Real 0 000 on Funds available for the IN TRAD'NG TUBAY BY WILLIAM F. HEFFERNAN. highly favorable deport t;n’;ner!ilomi E.:“:"?VM“ ne:ured‘:n = 8152‘: “353’” et N e e T 6%:% chase of -lui'a-;;. - cor :."“"' s . e Blar in the first six months of 1925, 2 - "—‘Ll_'i‘__ o 2o et e ik " Goodyear Tire common held firm . o Three Daya REAL ESTATE LOANS Made on_Prope : S NEW YORK, July 28.—The pro-|just under 36, pending issuance of come-producing real estate DISTRICT ‘ko'rnoWlEIl:N’l' co. rty S o A 8 Located in the District of : Rai d . W nounced activity and strength on the | the carnings statement due later in in Washington, D. C. Oven Ev lm,.}" Yol Matn 4438, 5}% “&W g Columbis Washington Investment ains and Cooler Weather | sock exchange was communicated to | the day. Further upturns occurred - SeseEeET FER and Transactions Co. e ts .. |in film stocks, but operations for the Construction Loans Made RESIDENCE LOANS AT LOW RATES JAMES s EA 715 14th St. N.W. Help Crop Prospects the curb market, but the buying Was| e were not pressed. One of the in- FRED T. NESBIT F.SH Main 3662 . not as pronounced. Higher prices pre- | cidents of the duy was a_run-up of o 643 Louisiana Ave. N.W. 3 o dominated, although there were sev-|about 4 point in American Maracaivo. || Real Estate Mortgage & INVESTMENT BLDG. Main 9392 | e. N.W. Drive at Opening. eral weak spots. With' the exception of Kay Copper, 3 — The traditional “selling on the good | which continued active at top prices, Guarnnty Corporahon news,” came into the market for Kel. [the market for mining stocks ap- Al P W BY the Associated Press. vinator following publication of the|peared o he resting. g "K "’::v e N.W, o NEW YORK, July 28.—Early 5 ——_—h;—lC : g Orts of rains in western Texas, Wit NEW 28 i Goat: a lowering of temperatures, led to a JORK, July 28.—Following I m' i8 an official P ¢ selling movement in the cotton mar- | raded o ipet honds and stocks 4 L B Cn 3 ] L ¢ . on the New York Curb 2 2 y NEW ISSUE ket at the opening today. Pr Market today: « g ”-_ Mgl 8 : WABASH broke 17 to 25 points on the opening e 1l lower ext half | Sale » it f h!;l‘l"flnd still lower in the next half|fultelh, ~ BoNDg, ., “lmlyl nm. At ; AFRITZ COMPANY poyarare J:lgrnw;\ = PALM BEACH, FLA. 107 W There ws ctive realizing by local 36 s & ¥ S AR ia M ; consowvative property South and from Wall street, partly £ o0 dintatiawic fur"vew 45 4 ! [ T y y Roll ¥ 6 2 Municipal 3 based on belief that rain and cooler| g 3 16 Ml Stasier € times (otal interest eharges. weather might extond into the drought | 33 Aswe G &s, 188 ol R ot Offers a Limited Number of || herom,siemxaoms: Hotel Alba Brea of Texas. Altogether, at the end cate’ earnings during 1025 of s re- ©f the first hour the market was )1 li 17% ovar times interest about 50 to 55 points under yester- i '_’ - 8 i vadg, Cal Elec g F 7 uis ements. Wi Sa'e wignet Sou iy M A0 030 00| £ Mkt Rl 0 . .r"n’.‘“, b ; 0 Wo. recomment First Mortgage 6%% Sinking Fund Bonds The heaviest buyers on the de { ‘.- : iner Co b Wabash Ref. & Gen'l. = w;;in:::k:e:x:. who frequ . . First M ortgage N otes Mige. 5% The bonds are a direct closed first mortgage on the new Hotel Alba and of January contracts were estimated l'tg g land in fee, now being erected on the site of the old Palm Beach Hotel, &s high as 20,000 bales. 4 5 Bult 844 'E 1 ] Norwalk D & —secured on brick dwellings to be completed and ready for occupancy next January 1. The building, ok o et A = G Bait 'Gies D110 110 2 Omnibus v occupied by owners. These Brice to yield 5.70% 9 stories in height, will contain 533 guest rooms and will be in the first investments are unusually at- o{Natiosal City Compan: nn_k of the resort hotels in the Un}ted States in design, equipment, tractive, especially to the real V.l‘;l:siinglon—fll 1ym- sr.pN.v«y/. finish and service. Independent'appraisers value the completed property Telephone—Matn 3176 at more than $6,500,000. Net earnings are estimated at nearly three times e ol S SRR the greatest annual interest charge. The bonds are the direct obligation 290600060000 000095 of the Southern Florida Realty Corporation, of which Mr. G. M. Heck- Real Estate Financia scher of New York City is president and principal stockholder and of g which Mr. August Heckscher is a director. Through the operation of a M‘"‘EY !o Loan sinking fund, all of the bonds but $1,306,000 will be retired prior to maturity, June 15, 1940. 1st and an Trusts s 4 Lowest lnterelt Rates Call Loan Dept. N. L. SANSBURY CO., INC. 1418 Eye St. N.W. Main 5904 P fe o attractive long term invesiment. > TRt AT Qctober . December {pnuscy” March e et o N____ Uk lon 106 % 7a 105 conservative investor. Gair. Robt 7 10 Cooct £2E5 R - e New Orleans Quotations. NEW ORLEANS, v 28 (A).—The fotton market had an ctiv but easier opening, owing to lower Liver- pool cables and reports of good rains in north Texas and parts of Okla ' homa. Reports from the Western belt and from other sections claim rapid crop deterforation. mrn {u o x oucm.,s 4,5, 15 i 3, 6 1R S e gm0 S EE BT S Szt e 5 and Power ‘ Price, par and accrued interest to net 6%% fi Write for CIRCULAR 293-G - Oklon Bt net declines of L 5 D 0" Cor 63 mn-. E 85 60 Tr 6yl g Co 6345, 101 RE 1ot pd 0a: 100 T . Fh NEW ISSUE PROJECT IS PLANNED Sy el $300,000 Pittsburgh Concern to Join Forces| 11U S Bub 6 a0 E g - 23 4 f | . . With Canadian Company e e MR M The Great Atlantic and Pacific in Near Future. §APBenn s i 88 5 anr o Covper: | 73 2 lg Includes the Electric Light- Berlin 6%s wi i SO EEAT B By Bal HELIGES o of o i e St Tea Company Building § ch s... 803 2 ores Esper : 85 4 Serving +By the Associated Press 5 Li 88 E . i PITTSBURGH, July Stockhold- 3 n ¥s 04 - E A o ol | Sl oy g 4 Kine fe 54 108 % 108 s e . THIS is what we de- 1 . T ;9r\tflILI)Té;‘;:“:?:l ,ozugprr)\,"e‘(e]“(c}:ie 1 5:?"5;3:"’ & H by @ sire our announce- C le ve la n d | First Mor tgage 5%% Serial COUPOII Bonds manag t's proposal f ducti 4 51 2 1 . No- | o130 P ot ;.h:??;;?ml gty 51 1B = 087 9 e s / H :‘“g::z t?" mmlg‘ g::g( | St. Louis & The bonds are a direct closed first mortgage on the building, 4 stories in S i wisi a0 o Do tho nastix D¢ 17 T N e § 1024 1 SV e 0172 world of barter and sell | M 'l k height, and land in fee, approximately 15,4"276 .feet, on the northeast m1 I':hehman o5 riers e company S Lo i R Sipissing - i 1 is the important ele- tlwauRee corner of Front and Venango Streets, Philadelphia, Pa. The mortgaged with the Canadian Power and Man- |52 S RN, > % i ildi property has been appraised at $425,000. The building and land have ufacturing Co., and the establishment | Unit i : 21 premier Goid M. "2 3 ment of CONFI- adjacent territories 3 : of s largs power x!:\(\olnp;nel;t“::d 200 A Amiou.. b i ENCE e ek been leased to the Great Atlantic and Pacific Tea'Company at a net rental 3 Teck B DENCE so sorely R Caaris —ant on tie Sexhenay 80 Borne” Soryiyeer. 3 . Ext ...l 14 1 needed as in'the realm {-e The North- i of more than twice the greatest annual interest charge on these bonds. Expenditure of approximately $100,-| 100 Chesebroueh M puilfon. 10 08 0 g ¢ of financial invest- : Dated, July 14, 1925. Due serially, 1927 to 1935. 000,000 is said to be involved in the| 5300 Conti Ol new.. 21 % = 15'w e ‘({\r‘nllyfl L o7 ot bt Anmerican | ey v i P 8 L, .. % 2 U Ape 5 P { Ao . . eombined industrial and power project, | 10 Chtiiiand 5 . 1 3. Wenten Copper We solitit an apaoetic .Company ; (All the bonds of this issue having been sold, this adver- Togg fmp (01 © ™ nity to prove that we tisement of this issue appears as a matter of record only.) Washmgton Stock Exchange 30 1t Pedc pia 5. |U.S. STEEL VOTES never have lost a doliue ||| it b= of the cldest 7 for a A P i i oy or an investor, Holding Companies in the g e T s w| S S, 8 EXTRA DIVIDEND | aisieets fone or | covms ‘ashington Ry, & Elec. pfd—5 at 84, 1 Bt 84 10 a8t 843 : P Laa: 7 Bt M sioclate Bea Give us a chance. Statement just issued shows | L for T F FRE York 6800870 Ind 4 = . nds ,u--rmz CALL. f ; e NEW YOR Iy 28.—Directors of | Legal for Trust Fu: n New Yorl go§apital Traction Co—5 at 100. 11 at| 800 ?\h\ ik 1 the United States Steel Corporation | FIRST MORTGAGE Record Eamlng‘ Hv,:umnmn Rwy. & Elec. ptd—10 at| 16003 O New Yor »'5' 2. | declared the usual extra dividend of NOTES AT 6v%9, Descriptive booklet on request. || NEW YORK 50 cents a share on the common stoc 00900000000 00007 /00600400 0000000¢ e 14 $100,000,000 POWER PHILADELPHIA EFEL 40'S O Ohio. 4. 35 352 Hau. Mtre. & Ioveat, prd._200 st 9% 4600 Vacuum Oil in addition to the regular quarterly oot & Iore i ; h Mortgage Investment Dept. We recommend purchase 325 000 o Sales INDEPENDENT OIL STOCKS. . payment of $1 8! oD Mervenfialer Linope -8 8t 108%. | Sules INDEPENDENT e b R DI of the common stock. ’ Bt _166. ) - ", fgsincun 2ur. & Zoe. cm—tn u| ", Fhs Sup pure % Lor the second quarter of tre vear |l - (SHANNON-& LUCHS) CRANE, PARRIS & CO. 11di Money—Call loans. 5 and 6 per cent. # Cardinal T 3 ;s w"hzh’”i“}s 992 xdn the first three 713 and 715 14th St. N.W. 823 15th St. N.W. rescent aza ul lng Bid and Asked Prices. By nge.. e e e R I T Main 2345 Washington, D. C. BONDS. ey e ; BE & e DEGE AT First Mortgage 6% Serial Bond Certificates PUBLIC UTILITY. 27 G an Synd. ! T - 31 Creole Sy ’R 4 EXPORTS AND IMPORTS LR RRRRP The bond and certificates constitute a direct closed first mortgage on a i ; SLUMP DURING WEEK é 5 story newly completed store and office building and land in fee, approxi- Special Dispatch to The Star. o The New York Life Insurance Compan mately 118 x 100 feet, located on the southwest corner of Crescent Street poflzl‘fnlu“?r:f;in: ulll)xrou:h ]fi:leh p::t f pany and Bridge Plaza, Long Island City, a portion of Greater New York. Inde- decreases as compared with the previ- ?n}:m_fl Elec. 68 10537 i io8 1 New” Bradigrd 0 B s totslen SLEAT 20, oo s 1 First Mortgage Loans c than twice the greatest annual interest charge. Chatham Phenix National ¥ Bernook G0 c Sangk, Off CoF ¥ious week on Improved Real Estate oo 1635 coal St Joint Stck L : B 0 03% B8 ] SILK FIRM PROSPERS. - District of Columbia and Suburbs Short). ilcax O&G ney h e B Wardman Park Hotel Os.. profit of Belding Bros & Co. to $890,- Aluny 3 3% 3% 3! |The company reports encouraging of Baltimore last week again showed |8 Offers to Make pendent appraisers value the property at $500,000. The building is being e t z % ] % |ous week, according to the weekly re. | ! rapidly rented and the net annual rental earnings are estimated at more + Poiomic Elec eone : 0d port of the collector of customs. ~ Im. 3 2ia i , while exports amounted to Bank and Trust Company, Trustee; Herbert S. Martin, Vice-president 3 Peer 0il Cor P 3 o 2 2 against $1,845,232 the pre- S. W. STRAUS & Co., Co-trustee. Dated July 15, 1925. Due serially, S ; 3 Exports consisted of tobacoo, grain, NI B A 34 pY Oanada: O8 L , | copper, flour, dextrine, brass and MISCELLANEOUS, IRy p 188 W S In the ; . Price to yield from 5.80 to 6%, according to maturity C. Paper Co. Os. [ 0% 391 3 g NEW YORK, July 28 ().—I ve- g 3 ‘Write for CIRCULAR 292-G ment in the sllkuh)mus(ry Olr;';epdrol:gl for 3’ Sorlo Ye.r Periods STOCKS. ""”“"‘Lf- 675 for the half year after deprecia- Houses Apartments Pt e 10 TAMGTOFOrsa 3% 2% 34 |tlon but before proviston for tas Business Properties Office Buildings 40 . 2 i Capltal T x 4 : business prospects. g Legal for Trust Funds in New York on ni Gawiioooos g IR :A Ga ot Rnh ( - - 1/ 7 g completion of the building (next October 1). w wy. & c. COm. « 23 o c- g =y g Hx L ‘X85 FEDERAL-AMERICAN 270 Sl R aTae A NEW YORK CITY Dlatrict . B el {4 Gk 3 R RESOURCES, $14,000,000 i Liberty i e i ke i 4 m;:l:ml: &s“”‘: i RANDALL H. HAGNER. & COMPANY 610 Park Avenue Building econd 0 . -y 18 President MORTGAGE LoAN GORRESPONDENT First Mortgage 6% Sinking Fund Bond Certificates mmmon AR TR W NATIONAL BANK ON APPROVED SECURITY : : $2,600,000 Shington 182 vat. Bank of Washingto Buesrus Co..oco TRUST COMPANY. Car Light. .. Amer. Security & Trust. % Carolina P & L. Continental Trus 5 & Gentrit r:a"kc\4 :‘ Yo arines & Trist : 40 Cratierton & son 4% o Trust aeh. Loan & Trust SAVINGS BANK. Commeree Savings. East Washinkton .- Securit foventh § FEEORRR N K p The bond and certificates constitute a direct'closed first mortgage on the c : y 15 story apartment hotel building to be known as Mayfair House, and Smith Bonds Sl AT AERERRRNERR R AR 3 RS land in fee, fronting 75 feet on Park Avenue and 160 feet on East 65th 77 Street. The building will contain 144 suites. It is approximately complete ] 0 and is expected to be ready for occupancy October 1. Independent - appraisers value the completed g;:pertv at $3,952,000, or at higher MIT, i figures, this being more than 150% of the amount of the bonds. Net a 7%?,,22:3 :n%o::h::; INSURANCE OFF ICES g nnnuli rental earnings are estimated at approximately two and one-half first mortgage security times the greatest annual interest charge. Through a sinking fund with the safeguards that For R $782,500 in bonds will be retired before maturity, July 1, 1940.Chatham have resulted in our record or Rent Phenix N.ational Bank and Trust Company, Trustee; Herbert S. Martin, of no loss to any investor SAUL BUILDING Vice-president S. W. STRAUS & CO., Co-trustee. in 52 years. B . . R s 925 15th St. N 'W 5 i Price, par and accrued interest to net 6% $100, $500 and $1,000 d ina- | ihe ontright o et Write for CIRCULAR 290.G extended over 10 months. Every ¥ > ’ payment earns 7%. Maturities We have a suite of rooms The Straus Hallmark on a bond stamps it at once as the premier real estate secwrity range from 2 years to 15 years. Send your name and address for that are especially adaptable our booklet cf current offerings. . { i e for an insurance ofl"rfae. They I S w STRAUS & CO are on the front. ESTABLISHED 1882 . INVESTMENT BONDS INCORPORATED TheF. H. Smith Co. . : NATIONAL METROPOLITAN BANK BUILDING Founded 1873 { ¥ I WASHINGTON, D. C. 815 Fifteenth Street--Main 6464 v ¢ IE Telephone Main 5847 New York Washington, D. C. Pltaburgh 2 3 | 5 43 YEARS WITHOUT LOSS TO ANY INVESTOR American . Corcoran_ Ciromen ] TITLE INSURANCE. 10 BoTes 1 Dunhill Intl” Iné 2 S tuee e b MISCE: D. C, Paper pfd.. R T ey b Lite ' n- o 1 Bin Cor ToveetThc acmin d"’ w'?;tm Truck i Tnche: 14 ord Mot o Can 590, A rHHmzc Freed Eise g F28 GEodemed SRR ) «mmwz. R SRR TSR ERE O R AR IR Aot i DS S Lanston Monotype. podie o ot o a'aihmtlun Market liow Felgy avi e o = OGBS RS - STOCKS EX-DIVIDEND. 7 i Dollars orporation per share. e Gontinertial Bank of X, Yo i nerican Bank Note Co. . |- DB % IS D I B B BRI BROE R e DD BHD DB T 2 B N L BB IR S AN D IS IEIIRD BEHHDRD IENDD DDk i RS ST Engine Tne uly 31— American Radiator 2 Jul Bt —er-{mn Water” Works & BEmoniiins o > iy $1— g:fl; J)——CB)\!HIN!Bl‘G s & Ei"Co o BF : S A commi_fnvesi. Trust' Corp. Sitami Copper Co. - Norfon & Western F R ERR SRR 2 Philadelpbla Minneapolls notns o R s s tom X = . W, B 8. & Co.. Ine. ® & ».- e Broe July Iy 31—Tob. Prod. Corp, Sl e P &y o3 =en FIEN e . Bk