Evening Star Newspaper, October 27, 1925, Page 27

FINANCIAL. 27, 1925. FINANCIAL. * HUGE SUMS SPENT THE EVENING STAR. WASHINGTON., D. T, TUESDAY, OCTOBER $1,000,000 INCREASE = _ L Be ik IN WEEK’S EXPORTS‘,.i:;\‘\_l;?fi:,""{.t‘;,(h. report om grain R L s o leome fell to $7r.487 Cuyamel I'ruit earned §2.93 a share |exports for the past week shows | 0T LI E T 8 i_the preceding quarter ‘:‘hnt .’417,\:3; Slrlus:; \luru“p.n:pw;.l“:. | ‘_’ 2 "" 2 :r e 2 - egister fro ale of ca xports | decrease of 91,6 ow that of the | $2.13 u share a vear ago. Ne L ranin o s P pameras 40 | " sreelc through the port of Balti-| previous wwe I was repre- e more showed an increase of over a'sented by 295,798 bushels of wheat l | xury { million dollars as compared with the 14,967 of oats and 1.9: | The Government in its collection of | o5 | Previous week, while imports in-{flour, 3,975 barrels w. i | [ FRUIT EARNINGS GAIN. Money to Loan st deed of trust nierest and commi ! 120 Wash. 1. Weller 5oVl i GRAIN EXPORTS SLUMP. | increased to $880.414, com - . | 1000 @ vear from the games of the|amounted this year The third que i to §125.000,000. |two major leagues alone. The recent |The tax on power and safling bouts | | world serfes netted the Government |amounted to an additional sum of | | $118,285.40 in admisslon taxes, and |$301.000. | |an additional amount remains to be| Over a million and a half dollars recelved from the sale on tickets by | were rung up on the national cash October 27 (Spe October tron: | Special Dispateh to The Star. foneize BALTIMORE, October 27.- Large Taxes on Club Dues. income taxes will share in the|, 244,465, leaving a hand- | increuse of 1,580 club owners, in trade on the right | managers aud players. While man side of the ledger for Uncle Sam. | = Tiports totaled $1.992,978 of which | = admitted free and $b 1 REAL ESTATE LOANS ccording to the weekly | report of the collector of customs, | % AXY AMOUNT RTM 1OUSFS while exports totaled $1,980,907 m.\l! 5% fou; INESS PROPERTY consisted principally of copper, cou RESIDENCE LOANS AT LOW HRATES tnplate, ste - o ‘] FRED T. NESBIT INVESTMENT BLDG. Main 9292 For Your Protection Every First Mortgage Note is- sued by this organization is secured by a first lien 88 Washington real estate conservatively appraised at twice the face amount of the Note amounts received by SECOND TRU available all previous | D kinds of second °s in the law. | £521.000 was | 31,3 on paintings and IN'YEAR FOR FUN Government Expects to Col- lect $100,000,000 in Taxes [ et e clubs is 1 on Amusements in 1925. 1 i r because of chs In the last fiscal ye rollected from taxe - | pieces of Ipture and statuary. The Volstead uct has not entirely t off the Nutional Treasury from svenue derived from aleoholic bever wges. Taxes from distilled Washington Investment and Transactions Co. 15 14t St NOWL Main 3662 9000000099006 BY J. C. ROYLY ,000,600. | H rse, were PiDe. | Al purpe 1 wing the war 1 year ending gain of § the previous v Tt t three months it received a8 compared with $1,973.0 the corresponding perlod 5. i ron: holders and pl Current lssues bear 6137 Interest Dewominations from $100 to 510,009 WARDMAN mal 24 these | cent of The New York Life Insurance Co. Other Large Reve imuse- d and p wr reve 1ted id the, tdges h First and secbnd trust real estate notes secured on in- come-producing real estate in Washington, D. C. $2, NEW YORK. October (#).-Ra Offers to Make First Mortgage Loans On Tmproved Real Estate in the District of Coluniviu and Nearby Maryland Suburbs for 3, 5 or 10 year Periods. mpany Mam 356 Corporation . reports a 75 for the third quar. and i for the | $1.179, Construction Loans Made | —for long-time periods amounts up to $700,000. Real Estate Mortgage & Guaranty Corporation 26 Jackson Place N.W. Resources—-$2,500,000 L. E. BREUNINGER, President Many Taxes Removed. Apartments Office Buildings Houses Business Properties 5%% ON APPROVED SECURITY Apply : RANDALL H. HAGNER & COMPANY MORTGAGE LoaN GORRESPONDENT Telephone Main 9700 sale of equipment for the game. automobiles for hire <uin of $1,865.000, while > cond ¢ No. 1321 Connecticut Avenue APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent Subwrbs in Montgomery County, Mé& 3: % INTEREST FIRST MORTGAGES FOR SALE Denominations of $250, $500, $750, $1,000 and Upwards 1,07 629 Toans Made on Property Located in the District of Columbis JAMES F. SHEA 643 Louisiana Ave. NNW. Lo money i g abead. he mvests his investment that is ay and good tomorrow at sood toc an investment that rem All Tide Water Oil Company 5% Convertible Preferred Stock Convertibla inte the Com. mon Steck of the Compant H. L. RUST COMPANY : ended June 30, 1 LOAN CORRESPONDENT rce eatnings were 41x Uimes - the annual dlsidend ®se¢e PRUDENTIAL INSURANCE COMPANY o AMERICA Feauirements on this stock 912 15th Steet N. W. Main 6888 Oy FIRST MORTGAGES MORTGAGE NOTES, FIRSNT 61 % Interest Mortgage Investment Department First Mortgage Notes For Sale In Denominations of $100, $250, $500, §1,000 637 Interest Secured on D. (. Real Estate Wm. H. Saunder_s‘;C‘o., Inc., tabliehed 1587 2ROSE NV "~ We Offeyan Unusual weet the requirements of vho look ahead. various rutes. In Amounts of $250 and Up | *. SAUL CO. 925 15th St 'SHANNON & LUCHY| - INL Price 100 and accrued dividends Complete cirou'ar on request T13. 715 and T17 1hth Street NOW. The National City Company MAIN 2345 741 15th S N.W, Main 3175 e N Washington Telephone— Opportunity For Investors 7% First Mt')rtgage Notes Secured on Northwest Residential Properties Denominations of $100 Up See Mr. O'Donmell. Mer.. Mortguge Department FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JONN TOOLE, Subscriptions for these bonds having been received in excess of the amount offered, this advertisement appears as a Maryland and the District of Columbia. $500,000 Security Bond & Mortgage Company First Mortgage 6¢7, Collateral Trust Gold Bonds, Series A $25,000,000 The Czechoslovak Republic Secured External Sinking Fund Gold Loan of 1925, Series A Twenty-Year 7V,9% Bonds Part of an authorized issue of $50,000.000 Redeemable in whole or in part, at the option of the Govevnment, or through the opera- tion of the Sinking Fund. on any interest date at 105. Secured by Guaranteed First Mortgages on Improved, Fee Simple Real Estate Dated October 1. 1925 Due October 1, 1945 Maryland Casualty Company, Baltimore, Md., Guarantor Maryland Trust Company, Baltimore, Md., Trustec The Bonds outstanding at maturity will be paid at 105¢, of the principal amount thereo’. bresldent | Bonds dated November i, 1423 Interest Pavable May 1 and November 1 Sinking Fund sufficient to pay or redeem entire issue. Coupon bonds in §1.000. $500 and $100 denominations. registerable as io principal. Principal and semi annual interest payable at the Maryland Trust Company witheut deduction for the amount of the normal Federal income tax of 2 per cent. Bonds redeemable at the option of the Company at any time, upon 30 days’ notice, at par and accrued interest, plus one-hulf of one per cent. for each year or fraction thereof to maturity Eligible as Investments for National Banks SFRTIAL™MATURITIES 150,000 pavable Navemher 1, 1026 e $:00,000 pavable November 1, 1627 S e e $150,000 pavable Novemher 1. 1630 This Loan will be secured by a first specific charge on revenues from Excise Duties on Sugar and Alcohol, and by a specific charge on Customs Duties and net profits of the Tobacco Monopoly, junicr only to the charge created in favor of the 89, Secured External Loan of 1922, now outstanding. Upen repayment of the Loan of 1922, The Cxechoslovak Republic will have the right to secure a new loan, not to exceed $50,000,000 in aggregate principal amount, with a lien upon its Costoms Duties and net profits of the Tobacco Monopoly ranking equally and ratably with the lien created in favor of this Loan. THE MUTUAL SERIAL BUILDING ASSOCIATION Organized October, 1892 Under Government Supervision Subscribe NOW for Stock in the 34th Series Lhe folictwmy summars s based upon o letter of the Prime-Muwmster, ond the Minister of Fwmance of .he (zechoslomak Kepublic, copies of which may be had wpom request to the wndersigned: The proceeds of the present issue will be applied principally to the funding of Govern- ment short term indebtedness pursuant to a program designed to add materially to the financial stability of the Government and to strengthen the national credit at home and abroad. Other objectives of this program have already been achieved, including the balancing of the budget and the stabilization of the currency. The Cxechoslovak Republic received interna- tional recognition by the Treaties of Versailles. St. Germain and Trianon, which it sigred as one of the Allied and Associated Powers. Itr revenues, therefore, are not subject to contro! by the Reparations Commission and it has the unqualified and sovereign right to pledge them for the service of the Loan of which this issue is a part. The funding of Czechoslovakia’s indebted ness to the United States Government has recently been arranged by mutual agreement. Shares $1 each payable monthly 6% Interest Paid on your savings at maturity Joseph Goldenberg President Thomas E. Petty Secretary 1421 U Street N.W. J. Walter Stephenson Treasurer 306 7th Street S.W. The pledged revenues constitute four of the most regular and productive items of income of the Czechoslovak Government. Their respective yields in 1924 were as follows: $ 5,096,426 11,780,979 25,797,411 31,134,956 ier the lawe of Flarid, al estate firer mortea ata. hv the Secnrities Business—The Secnrity Bond and Morrzage Comnany wae incarparated continue under 2 mare loan and investment hu Saies Company of Flor Sugar Tax .. Alcohol Tax Castoms e Net Profits Tobacco Monopoly 1) the ban hligation ¢ er secured dollar for dollar hy first mors- red by the Marvland Casualty Company’ Secarity—The cecurity far the hande of ¢ *he Security Bond and Mortgage Companys (2) they are zages on fee simple real they are still farther < guarantee of principal and interest an each mortgage 'The combined revenues of the Sugar and Alcohol Taxes amounted to $16,877.405 dur- ing 1924, as compared with $3,750,000, maxi- mum interest charges, at 712%, upon the total authorized amount of the Loan, and, with the Customs Duties and net profits of the Tobacco Monopoly, yielded $73,809,772, as compared with $10,818,000, the total of maximum interest and sinking fund charges both on the 8% Secured External Loan of 1922 and on the total authorized amount of the Loan of 1925 (assuming sinking fund requirements on the unissued balance identical with the present and Casuaity Company is unconditional, and does not except the A e. E h by a title insurance company acceptable to the Maryland Cas- — 1alty Company; 3 iere are no fitle companies. each fitle is examined by an attornev | acceptable to the Masyl, Company. f #10, interest Guarantee—The Maryland Casnalty Companv, with capital and surplu of $36,258,124, guarantees nnconditionally the payment of principal an 279 and resources each morteage Properties—The prapersisc se ng these guaranteed firce mortgages are located in Northern and Centra! Florida fee st i are nwned in fee simple by responsible harrowers, and each dwelling or co Campleted residences and business properties in Florida, particularly in d Central pares af the State, are in axcellent demand and values are well sustained. by the Marylan n city residentia Casualty Comnany for these guaranteed firse and general utility business properties or up to of the principal; up to 455 on special purpose business 1 smaller es and towns, or up to T . when providon i« made When Bond | k retion of the prineipal - | Prices are l-ligh | Appraisals—To deter he value of sach property, three appraisals are made: (1) By a bank or mort 2age company in r town in which the property is located: (2) hv the local Real Estate Bos=d: (3) by the Secur Mortzage Company. THE low yield now prevailing on other classes of interest- Tit bearing securities cmphasize more than cver the advantages of Smith Bonds, now paying 7% with proven safety. Behind these bonds is our record of no loss to any investor in 52 years. 7 SMITH BONDS are First Mortgage Bonds, | strongly sccured by improved, income-producing city property, and protected by safeguards which have met every test for more than half a century. Application will be made to list these Bonds on the New York Stock Exchange Trustee—All the Maryla resources af $r f the guaranteed first mortgages pledged as security for these bonds are deposited with Trust Company, a hank and trust company with capiral and sorplus of $1.500.000 and 18,008.45. We offer these Bomds for subscription, subject to allotment, if, os amd when issued amd received by ws, subsec: appro by owr counsel of all legal proceedings im commection therewnth. Subscription books will be opewed at tie office o7 The National City Company, 55 1 all Street, New York City, ot 10 o'cloch, A. M., Tuesday, October 27, 1925 qd wll be closed in our discretion. It is espected that delvers of interim certifcotes wnll be made on o abou: ovember 16, 1025. Of the present issue, 33,500,000 has been taken by Messrs. Hope & Company for offering in the Amsterdam market Legal opinions by Messrs. Janney, Ober, Slingluff & Williams, Baltimore, Md., for 4 i i i e el swictons by s, forr, Obe. Sl 6 Wiklor, B, M, for the Serhors.ond Price 96 and interest, to yield over 8%, Kuhn, Loeb & Co. The National City Company _ Kidder, Peabody & Co. Lee, Higginson & Co. Marshall Field, Glore, Ward & Co. Ibe inrormation in thia adverusement has been obtamed frem eficial slicmenis ame aatietics. While we do not Fuarantee it, we believe it to be correct. Caeehosiovak crowns have bees comverted om basis of an average of monthly cxchamge auotations published by the Federa! Reserve Board. Tax Refund—The Security Bond uni Mortzage Company agrees to refund any State, County or Manic- ipal tax which a holder mav be required to pav on these bonds up to ¢ mills, provided written application or the refund is made within two months after the due date and pavment of such tax. You may invest in denominations of $100, $500 or $1,000, with a choice of maturities from 2¢0 10 years. Send your name and address on this advertisement for our booklet, “Fifty-two Years of Proven Safety.” Bonds offered when, as and if issued. PRICE: Par and Accrued Interest, to Yield 69, J. A, Iglehart & Co. Investment Bankers MEMBERS BALTIMORE STOCK EXCHANGE [ LAB%‘:B%‘%%’.“"XA, A to Any Investor in 52 Ye TheF. . Founded 1873 Smith Building Main 6464 | 815 Fifteenth Street, N.W. Phisdepha A New York Coal Exchange Bldz WILKES-BARRE. PA. Paul St ORK. MD Name . Address | 1 ! |