Evening Star Newspaper, October 29, 1925, Page 31

FINANCIATL Money to Loan by first deed of trust on real e FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President 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. The tide of invisible xchange, | Wwhich for vears set st v toward In the Bitter North | those items in our inter-| ORTH of Baffin's Bay where blizzards howl— in the country where snow falls ten months in the year—men must lay down their caches for the long home trail or perish. 1321 Connecticut Avenue national trade which do not appear on | Here in the Southland, the provident man lays down his caches, too. He has heard about that Long Home Trail. He knows that the tales of it are founded on fact. The Psychological Office ET'S suppose your office is in The Southern Bullding. Your client comes to Fifteenth and H—a corner convenient First Mortgage Notes, offered by Swartzell, Rheem & Hensey Company, are excellent storehouses for FINANCIA Unusual For Immediate Delivery immediate delivery $4.500 first NY AMOUNT By tne Associated Press. w §| secured on $10,000 residence in NEW YORK, October 29.—The o Mt. Pleasant. FRED T. NESBIT . which recent eached a new high . Flowing Toward Home. ord 'of )00, 18 bas ing power. Tangible assets of the = land and buildings, gives each seat See Mr. O'Donnell. FIRST MORTGAGES ON APPROVED SECURITY mark quotati $750, $1,000 and Upwards MORTGAGE LeAN GORRESPONDENT Located in the District of akipping: int Many Payments Already Voted, A83pagecloth bound book written ms paid out by charitable and | countries by im-| - great value to investors and < will form a tremendous | 9.—Wall Street Compuimentary copy furnished S1o0b0000n a1 50800000 by | rectors of five companies declared | {| Richard D. Wyckeff Avalytical Staf, lac. & CO. reveiven T Amarica i e form of | cial distributions payable around th vour savings. They yield 1 i 3 1 anh. Tra Factor in Prices Gppostanity b1 Weller 338 Wik 13 deed of trust 7% notes in de- 7 537 enediieMiiin present selling price of New York First Mortgage Notes Gardiner & Dent, Inc. [/ INVESTMENT BLDG. Main 9392 record of $13 0, is based almost = = [ Tlde Hecen“y Tumed' exchange, consisting largely of an actual equity of 710, Mortgage Depw FORSSATE . e = Caches Apply shores of country now l\i —_ = i temendous volame o | HOLIDAY DIVIDEND e s 6'2% OF THE Columbia Telephone Main 9700 the customs return e chorted and Imported o ete.| Which¥WilliBe Made About by a leading financial authority anizations and remit migrant who e come traders. | “Christmas dividends™ to stockholders, | H {280 gwa New York Members N. Y. Siack Exchange L interest on monex owed us by foreign | €nd of the vear. Scores of other exi Weofieran T — i We are authorized to offer for = RS nominatiens of $1,000 and $500, RESIDENCE LOANS AT LOW RATES Immigrants Also Keep MONEY | Siock Exchange membership, = f PR S Main 4884 1409 L St. N.W. [ | = —— : o : 1 Assitosats entirely upor ill and earn- Residential Properties L N 2 O 8 Denominations of $100 Up e —— - slErepertie ORce R insees —_——— M BY J. C. ROYLE. leaving over its Denominations of $250, $500, BRANDALL H. HAGNER & GOMPANY n= IEvhTILIE exchanss OUTLOOK IS BRIGHT SYCHOLOGY All Loans Made on Property TR stock Marker || || JAMES F. SHEA suntry, expenditures of tourists, | Christmas Time. 3 Centains many scientific facts of 1 States the debit iter o between sion when di- s Ine EDWARDIE SMITH on the other hand, | So-called because they represent spe-| §|_~ =S¥ Philadelphia New Yerk concerns, the pavment for use of |OF increased dividends are looked for during the next six weeks' with indica- for everyone. He enters a lobby of dignity and architee- tural grace. He's whisked to your floor by a modern Peg- ssus—an up-to-date elevator. Down a cheerful corridor, he opens the door to a bright, n, efficient office—vour of- And what is the resuit? h The Southern Building Corporation Financing 15th and H Streets N. W, Commission Orders an ships b reignegs and the | b oners in the | tions that the total of such payments i States will mount approxi-| Will run into hundreds of millions of mately to $500.000.000, leaving a|dollars. i e 0 heavy balance against this country al railoads are cxpected to| i First and second trust real Investment Securities of course, do not include vidends before the e ! estate notes secured on in- United States by foreign nations and | Which e 1020 a shaxe . oni[IieE < do not involve the merchandise and | $120.000,000 common stock in the first [fl iy Washington, D. C. S r “ Rklee Gl'k from $5 o e warwzell, m nseY&- Balf “sold” on your these invisible e it ate from $5 to S$6 ition before you say a E. e etrral Central, from 7 1o $N. & 15 Street.NW WashingtonD e ax possible 2 tions for which hi Loans Made . P = The manager s waiting fo ex- Ly des e / Ul =for 1oz - time _periods in S60Yearsiiithout Boscitorenl Tntesior Mibic some ewcalient suites ond s CO. me. Brooklyn Union Ga = - rang A Motor and ['ndery Typewri Real Estate Ma"‘.“ & R17 18IRIBL, NW. S A - WASHINGTON Southern Building ual divide Guaranty Corporation 5 ERE been brought to a more cutting.” by e s dividends, is looked Resources—$2,500,000 Manager rienin i S B L. E. BREUNINGER, American Can. Chrysler, General Elec- Rt R athis. owed. ihn|| DL jth Southern Railway ’ e T s forel e come-producing real estate commodities imported exported. | nine months of the vear, is expected n Funds Withdrawn. 7. Baltimore and Ohio is scheduled | . ! . -Mortgage Bankers Construction Morgag ke Think it over. s have been | B took, from $3 1o A - both here and - val amounts up to $700,000. 1| ofticss.” Your shome eail ar- ol Main 2690 ck probal since the affairs of f the ve: 26 Jackson Place N.W. James Donald Cassels s of PParcel post packages sent abroad to | for by the following companies E President in¢ tric, International Business Machines, ,000. | In 1824 the amount paid by Amer- Kresge. Mack Truck, . | fean importers to foreign shipping on | Sears-Roebuck, United St i merchandise freight carried to this|lron Pipe and Woolworth, although country amounted to approximately | some of them may be delayed until| $85,000,000, but about one-fifth of t 1926. Much Money Sent Relatives. 1 1 Since July 1. 1924, the number of OF KUHN & LOEB his fact has not had any|_ . 8 ble effect on the remittances| Minority Stockholders Seek Right exceed £330.000,000 The shipments of goods and money since 1923. It is believed that $55,000.- | By the Associated Press. 000 Wil cover such shipments this| “CHICAGO, October 29.—Arguments was returned in the way of immigrants coming into the United | sent abroad. It is roughly estimated 5 to Oppose Showing of Any ebroa charitable and m; year {in behalf of a group holding one-| Choose Your Investments With Care All of this steck having been sold, this advertisement appears as & matter of record only Reservations Now Being Made 4 for those who will have funds available in November. Our Mortgage Investment Department would like to show why yvou should place yvour money in First Mort- gages on improved real estate in this city. Nothing Could Be Safer, and they vield 614% Interest. Just telephone Main 2345 and ask for the Mortgage Investment Department and have details submitted to you. New Issue $4,500,000 soie Soits % FIGHT ST. PAUL PLAN been materially reduced that these remittances this vear will Favoritism. organizations has steadily hth of the entire stock of Chiy Milwaukee and St. Paul which seeks to be he road’s reorg m T n yesterday before Federal Judze The expenditures of Americ r| o 1sts, however, : both in the amoun Pping nterests the amount ex| o % Adam C. Cliffe between $1.300 and $1400 it he visited | o b i esveni GOTHAM SILK HOSIERY COMPANY, INc. Manufacturers of “Gold Stripe” Hosiery a intervening pet o | holders' coursel contended that H. ourists Spend Huge Sums. E. Byram and Mark_ Potter, two of The increase in the cost of living in | the three receivers for the carrier. tes { have publicly favored the reorgant | tion plan of Kuhn. Loeb & Co. « i.| York against any other plan coming party to the proceedin, 713, 715 and 717 14th St. N.W. s 7% Cumulative Convertible First Preferred Stock Convertible at par into Common Stock (Non-Voting Shares): at not exceeding $40 per share as to the first $1,000,000 of First Preferred Stock converted; $45 per share for the second $1,000,000; $50 for the third $1,000,000, and $60 for the remainder, with adustments of dividends ed by Canadian ob ‘vers that American tourists will | Intervenors would have authority to | Spend at least $150.000.000 in the Do- | OPPOSe any movement tending to | minion this year. This will bring the | f3VOr one plan above another. out by American tourists T — APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY < Lecated in the Sl = District of Columbia and adjacent | Subwrbs in Montgemery Ceunty, Mé 33 % INTEREST in of the world to around What Experts Buy. 00,000,000 or more. Trained investors always buy sans have invested largely in| rijjos that have a fl\!uN ?y:‘i{il o intries during the past vear. | value. One of the surest methods of nt u-r}.\’l.\'(:« Of | determining the value of any stoek is | totioal ani | 1o seek a loan on it. If your banker Cpaimet | declines to consider it as collateral you 2 | jcan rest assured its marketability | #PPON | does not amount to much. Sinking fund 8% per annum, set aside semi-annually as from November 1, I Redeemalle as & whole or in part at the option of the Company at 110 and accrued dividend. Convertible up to the call date if called for redemption NO FUNDED DEBT NO BANK LOANS President S. E. Summerficld summarszes hss letter as follows: SECOND TRUST NOTES Funds available for the pur- chare of"all Kinds of second Trist notes. secured on D. C. or nearby real estate. Prompt action in every case. | @ Washington Investment [. and Transactions Co. | 715 14th St. N.W. s 54 ° Main 3682 — |Se0ses0mrss000e October First Mortgage Notes For Sale “The business was started in 1911 with a capital of $30,000, and its growth to its present position, with total net assets valued at over $6,000,000 (exclusive of good-will) has been due entirely to accumulated profits. “THE COMPANY IS NOT A BORROWER AT THE BANKS NOR HAS IT BEEN SINCE 1916. ;J' Bipfiye w0 “The demand for its product, marketed under the nationally known trade mark “Gold Stripe,” has been so H. L. RUST COMPANY great that its factories have at no time been shut down for a single day for lack of orders. . | 5 | “Outside of its own retail stores THE COMPANY EMPLOYS NO SALESMEN. 1 LOAN CORRESPONDENT ®he PRUDENTIAL INSURANCE COMPANY & AMERICA 912 15th Street N.W. Main 6888 'Earnings for Third Quarter and! Nine Months Make Un- usual Showing. :00 “Sales have increased as the merit of the hosiery has become more widely known, from 20,000 dozen in 15:3 to 550,000 dozen in 1925 (2%; months estimated). tien for the third quart nme months of the The, total of §: 07 for the thres In Denominations of months ended s mber 30, after de- duering ' dividends on’ the prererved || $100, $250, $500, §1,000 and_debenture stocks amounting to | AND UP $17910,023, was equivalent to 9 a e R 647 Interest earnings for the nine months were 0 $74,233.966, with $68,514,172 available Secured on D. C. Real Estate for The common ‘stock,” or $13.27 a | Wm H. Saunders Co., Inc SRave, vte o =) VR Mfred P, Stoan, ir., president, ex- | Totatlisned 1887, “Net earnings after Federal taxes at present rates and after depreciation charges in accordance with rates set by American Appraisal Company, as certified by Messrs. Emnst & Ernst and Messrs. Lybrand, Ross Bros. & Montgomery, Public Accountants, for the years 1921 to 1924, and for 1925 (with 215 months esti- mated by the Company) were as follows: 1921 ........ 1922 ....... 1923 ...... $ 827,927.37 1,140,592.67 1,190,234.81 1928 .. ..o “ 1,513,804.51 1925 (234 mos. €8) « + e v s s nvsonns -... 2,000,000.00 “The above net profits for the five years ended December 31, 1925, average more than 4 times the divi- dend requirements on the $4,500,000 7% First Preferred Stock presently to be outstanding, and for 1925 (2% months estimated) exceed 6 times such requirements. “Earnings on the new Common Stock for the current year, similarly stated, exceed $5 a share. “The Company will inaugurate dividends on the Common Stock at the annual rate of $2.50 per share. plafed that if the corporation’s equity in the undivided profits of | ¥isher Body Corporation, General| Motors Acceptance Corporation and other subsidiaries were to be includ- ed, the amount earned on the com o, stock for the quarter would be Hegidr sos, or 55 share, and for When Bond the pine months, $14.57 a share. Prices are u“h THe $26,251,707 earned on the com- #éh Stock in_the third quarter con- FHAad with $5.443.822 in the corves. | || Phnding quarter i and the e r $62.514.172 for the nine months more bearingsecurities cmphasize more than doubled the $32.048,652 of a year than ever the advantages of 2§50 Smith Bonds, now paying 7% = with proven safety. Behind these WALL STREET SEEKING D s Jiiles d FLORIDA BUSINESS 7% SMITH EONDS arc 1 O First Mortgage Bonds, strongly secured by improved, income-producing city property, and protected by safeguards which have met every test for more than half a century. Overa special Dispatch to The Star NEW YORK, October 29.—Tt was a | [| You may invest in denominations of Quarter matter of interest from the standpoint & of a of the generally elaborate prepara- Cent tions for prospective Winter business entury in Florida, that one of the largest Without a Loss A FIRST MORTGAGE IS LIKE A MAN—KNOWN BY THE COMPANY IT KEEPS HE low yield now prevailing on other classes of interest- For over a quarter of a cen- 1 For furthor particuars regarding the Compomy, its fimancial position and management, reference is made 10 o letter from the President, copy of whick will be furmished om request. Legal proceedings are subject to the approval of Messrs. Cravath, Henderson & De Gersdorfl, for the undersigned, and Mesars. Spiro, Abrams & Felsteiner for the Company. We ofer this stock “when, as end if isswed end received by ws,” subject to the approval of counsel. Interim receipts or temporary certificates deliverable in the first instance. tury we have specialized in FIRST MORTGAGES New York Brokers to Establish Eleven Branch Offices and Spe- cial Wire Service. upon improved real estate, dur- ing which time no investor has ever sustained a loss in either principal or interest. Price: $99 per share and accrued dividend for our booklet, ““Fifty-two Years of stock exchange houses had completed e arrangements for the most extensive wire connections ever established out- side of Wall Street. This firm, which was the ploneer In the Florida brokerage field, has an- nounced that it will have eleven or more branch offices covering the State Smith Building - - Main 6464 of Florida, an exclusive quotation 815 Fifteenth Street, N.W. \vire, five direct wires from New York ‘o the Southern State, a wire from Philadelphis Minnes New York to Florida. via Atlanta, New Yeork Plttaby #nd another private wire intended as fn emergency outlet from Jackson- Ville and New Orleans to Chicago. This is but one instance of the kind. There are a number of others on & &maller scaley No Loss to Any Investor in 52 Years The F. H. Smith Co. Founded 1873 HALLGARTEN & CO. MERRILL, LYNCH & CO. B. F. SAUL CO. 925 15th St. N.W. Main 2100 The Nfermetion contuined beveln & 20t gurmnteed, but b belleved t0 be correet.