Evening Star Newspaper, October 1, 1925, Page 31

FIN REDISCOUNT RATE LOWER IN LONDON Bank of England’s Action Comes as Surprise to Money Market. By the Associated Press. LONDON, October 1.—The Bank ot England today reduced its discount rate from 43 to 4 per cent. The reduction, which came as some- what of a_surprise to the money mar Ket, is believed to be due principally to the plethora of money and the fact discount rates recently weakened so as to make a 41 per cent rate ctive, Recent Rates Very Low. Treasury hills lately have been is-| such a low rate of interest | count hou have been doing s at 1 per cent under the bank | an rading community will benefit | duction, although it is un for such a move to be made in can cotton, wheat ities to pay for or these co 't of easir and other | ANCIAL. ters, however, that the rxchnnfl es were not unduly (lepronne nd that the authorities have arrange- ments for credit in New York which can be used as a corrective should the exchange position become unduly | adverse. Cut Boosts London Stocks. Reduction of the rate surprised and cheered the Stock Exchange, where thorities to ant retention of the Bigher bank rate. It ix lmland UIH 1n other juar- For Investors 6'2% First Mortgage Notes Denominations of $100 and Up— All Details Given Prompt Attention See Mr. O’Donnell, Mgr. Mortgage Department ELAFRITZ COMPANY I 14th & K Main 9080 FIRST MORTGAGES FOR SALE Denominations of $250, $500 $750, $1,000 and Upwards THE EVENING STAR, WASHINGTON, D. business in firat-class issues immedi-| The feature in the foreign section ately broadened, causing an advance [ was a spust in French bonds of from Money to Loan of from 3% to % per cent in British!1 to 2 per cent on prospects of a Swr,s;’emhf,‘,{-fig::g;;'“}g"‘g,g;:nm‘ S government stocks and _correspond: | favorable outcome of the debt fund- Wash, L ing gains in most other departments. ing negotiations in Washington. Joseph 1. Weller i Vitl- & § Certain-Teed Products Corporation First Mortgage 6%% DBonds Called at 105 OTICE is hereby given that all outstanding bonds of the Certain-Teed Products Corporation first mortgage 6'2% serial issue have been called for redemption as of November 1, 1925 at 105 and interest, in accordance with the provisions of the trust mortgage. This issue, originally $8,000,000, was underwritten by S. W. STRAUS & CO. April 30, 1923. It was reduced to $7,760,000 by the first semi-annual serial payment of $240,000May 1,1925. All holders of Certain-Teed Products Corporation 1st 6Ys are requested to present them on or before November 1, with the November coupons attached, as interest will cease on that date. If desired, we will be pleased to suggest equally safe bonds for the re-investment of these funds, combining safety, attractive C., THURSDAY, OCTOBER 1, 1925. FINANCIAL. The New York Life Insurance Co. Offers to Make First Mortgage Loans On Improved Real Estate in the District of Columbia and Nearby Maryland Suburbs for 3, 5 or 10 year Periods. 2 0 Office Buildings ON APPROVED SECURITY Apply RANDALL H. HAGNER & COMPANTY ! MORTGAGE LoaN GORRESPONDENT Telpliomezin 9700 Money At Attractive Interest Rates If you are located in nearby Mary- land or Virginia and wish to borrow money for expanding vour business Houses Business Properties osition—if it is O.K. any hiteh—the money will be forth- coming at onee. Just et in touch with Mr. Kelley in the Loan De- partment. MCKEEVER-IGOSS enmnsy =2 o ] Realtors 0.4‘132/ flm{md o’%umu, 1415 K St Main 4752 Pershing Square Building £ leas interest yield and a good market. onl ionidon. America 62% All Loans Made on Property Located in the District of Columbia JAMESF. SHEA 643 Louisiana Ave. N.W. Our 619 First Mortgage Notes —will pay handsome dividends long after the bright promises of the getrich-quick schemes have faded away. Latest Report —estimates yearly losses at One Billion—not one cent charged to First Mortgage 62% Bonds Called at 105 'NCYI'ICE is herebv given that all outstanding bonds of the Pershing Square Building first mortgage serial 6'2% issue have been called for redemption as of November 1, 1925 at 105 and interest, in accordance with the provisions of the trust mortgage. This issue, originally $6,000,000, was underwritten by S. W. STRAUS & CO. May 1, 1922. It was reduced to $5,925,000 by the serial payment of $75,000 May 1, 1925, The bonds are being called as the owners have obtained a first mortga of $6,000,000 at five per cent (5%) from one of the large life insurance companies. A All holders of these bonds are requested to present them on or before November 1, with the November coupons attached, as interest ceases on that date. If desired, we will be pleased to suggest similar bonds for the reinvestment of these funds, com-- bining safety, attractive interest yield, and a good market.| Formallegal notice of call appears today in ] one of the newspapers of New York City. S. W. STRAUS & CO. ESTABLISHED 1832 INVESTMENT BONDS INCORFORATED NATIONAL METROPOLIT, B ANK BUILDING WASHINGT( Telephone Main )MT 43 YEARS WITHOUT LOSS TO ANY INVESTOR 19358 W. 5. &Os. e REAL ESTATE LOANS A.mn\;-_ B ROPE! RESIDENCE TOANS AT LOW RATES FRED T. NESBIT INVESTMENT BLDG. Main 9392 Second Trust Notes $15,000—3 Years $300 Mo., Includ. Int. $4,500—4 Years $65 Mo., Includ, Int. 5 Notes, $1,850 Each $30 Mo., Includ. Int. 24 Others $150 to $10,000— Totaling $46,000—Maturing From 6 to 54 Months First Mortgage Securities Invest safely and watch your assets grow. Notes now on hand in amounts of $250 up. Chas. D. Sager Loan Dept. 924 14th St. Attractive Discounts Subject to Prior Sale Lists mailed weekly on request Anchor Realty Corporation Southern Bldg. M. 36 Brightening the Corner HE windows of your of- fice in The Southern | Building are spacious and well placed. Every corner of the room is bright, healthful, work-inspiring. The whole office speaks modern efficiency and alertness. Strategically lo- cated at the brighest cor- ner of Washington’s high- est grade financial district, convenient to everything, The Southern Building invites your tenancy. Your tenancy here in- l ‘Formallegal notice of call appears todyy in @ne of the newspapers of New Yock Cicy.. S. W. STRAUS & CO. PsTABLISWED 1883 INVESTMENT BONDS INCORPORATED NATIONAL METROPOLITAN BANK BUILDING WASHINGTON, D. C. Telephone Main 5847 43 YEARS WITHOUT LOSS TO ANY INVESTOR The Southern Building 15th and H Streets N. W, vites your clientele. /zw particularly inviting offices and suites ars mow acreage in FLORIDA avasladle. Phons the man- ager to arrangs an inspeo- tion. Main 2690 Southern Building When we were twenty-nine--- J. A M. Vgichart & Co. Investment Bankers MEMBERS BALTIMORE STOCK EXCHANGE 188 WE HAVE A NEW PLAN 'WHEREBY you can reserve a ten-acre tract of your own selection Announce the Removal of Their Washington Office FROM THE HIBBS BUILDING TO 719 FIFTEENTH STREET AND THAT MR. ROBERT G. JOHNSTON AND MR. ROBERT STEAD, Jr. Have Become Associated With Them At This Office HE United States was shocked and the Nations of the World stood aghast, when, in 1898, the U. S. 8. Maine was blown up in Havana har- bor. The resulting war with Spain upiet business conditions throughout the country, depreciating the value of securities and disturbing thc financial situation. for a first payment as low as $150. And subsequent payments to complete your purchase are arranged to suit your conveni- ence. * * * REMEMBER that SUN GARDEN FARMS is the fastest selling FLORIDA tract that has been offered to Washington investors! And every acre you buy is personally selected by Mr. Wickersham from this vast 60,000-acre section, and recommendd to you from his own per- sonal knowledge after thoro igh inspection of the entire tract. Rapld development in this central section is causing a comstant increase in values and prices. Even with recent advances, however, we can still offer you the best of FLORIDA farm lands for $300 to $500 less per acre than similar crop-producing acreage in_ California is brmgmg Don't forget that SUN GARDEN FARMS is backed Choice by internationally known financiers and all Land— land titles are fully guaranteed by them. * * * Many early purchasers have visited An Acre BALTIMORE OCTOBER 1ST, 1925 WILKES-BARRE But at the age of twenty-nine, the business of the Swartzell, Rheem and Hcnsey Company, located at 916 F Street, N. W., moved along its undis- turbed course and continued to increasc its first mortgage clientele. For the first mortgages purchased through us did not depreciate in value but were worth one hundred cents on the dollar as they had been through the panics of 1873 and 1893. WHAT HE KNOWS— The man who buys our A their properties and have returned full of en- FIRST MORTGAGES thusiasm. WE ARE ARRANGING for three out of every sixty-four clients who buy SUN GARDEN FARMS acreage after this date to VISIT THEIR PURCHASES IN FLORIDA AT OUR EXPENSE!!! Here is a marvelous opportunity for a sound investment and a // wonderful FREE TRIP! —knows that he will keep his principal safe and that he will get his interest when it is due. Such tradition behind our first mortgage investments makes them es- pecially attractive today and, besides, they now yield 6%4%. § He knows that there will be no fabulous profits and that he will get nothing that his money does not earn. ASK YOUR BANKER —THEN SEE US! § &/ gl Over a chkersham 13th & Eye Sts. : N.W. ‘ Washington, D. C. Without the slightest ohligation on my part, Morgan W. Wickersham 4§’ £ kindiy have one of your staff REAL ESTATE INVESTMENTS Tty Ml vl Jan il 7/ on SUN GARDEN FARMS. 13th and Eye Streets N.W. 4 B. F. SAUL CO. s eGP l / Address . . .. Main 2100 925 15th St. N.W. On the other hand, he knows that payment will be made promptly when due. prid Swartzell, Rheem &Hensey Go, Mortgage Bankers 72715 Street.NW. Washington.D.C. Century Without a N Just at present we are offer- . ing mortgages yielding the in- vestor 6145%. Loss 1869—Fif ty-six years without loss to an investor—1925 Name