Evening Star Newspaper, November 5, 1925, Page 27

FINANCIAL RAILROADS MAKING INGOME REGORDS Possible Wage Demands Are Causing Worry—Merger Ruling Awaited. By J. C. ROYLE. Number of Bonds Just Called in Makes Record By the Associated Press. NEW YORK, November 5.—A record amount of bonds aggregat- ing $100,925,720 has been called for payment in November, of which 00 are issued called in en- a compilation by the 5 of Commerce shows. Bonds for payment in the 11 months this year also reached a record figure, $760,218,020, compared with $348,- in the same period of 1924. The largest issue paid this month 'HE EVENING STAR, WASHINGTO CORN A COTO VORRY FARMERS Recent Price Slumps Disturb Outlook—Hawegting Now Nearly Completed. Some recent price changes in farm five years, 1909-1914, are used as the base of 100. Conditions in the East. Discussing the situation by regions, the department sa; “In the East there is winding up of potato digging, corn is being husked, apples picked and wheat threshed. Harvest work has been delayed all Fall by rains. Potato ylelds are poor, but prices are strong. The dalry situation shows signs of some ‘improvement; cows are selling higher. On the whole, financfal con- ditions are probably rather better than last Fall. “In the South harvesting of to- bacco, corn and sweet potatoes is practically finished. Cotton plcking is well along, with some damage by rain. Ginning has progressed rapidly. THURSDAY, NOVEMBER 5, some truck and Winter grains are already growing well. The general sentiment is good, except in Pledmont and Western areas, where drought ruined the crops. Corh Husking Delayed. “The corn belt has been greatly hindered by cold weather and rains last month, and corn husking is de- layed. Planting of Winter wheat also has been seriously interfered with, some intended acreage having been abandoned. Winter grains look good where planted. Hog producers are optimistic as a rule. Some cattle feeders find price margins too narrow for extensive feeding. The general tone of the reglon is improved over that of last Fall. “Winter wheat s planted in the 1925. a rule through Kansas and Nebraska. Spring wheat threshing is practically finished; the crop movement was FINANCIAL. Potatoes and incidental crops bring more money than last year. The re- glon is moderately optimistic, except heavy a month ago but has slackened. in areas where tHe crop has falled.” The radio peddler in Berlin permits the customer to clamp on a headset from his portable recelver, operated from a push cart. The Dual Satisfaction of SMITH BONDS products are an unsettling factor in|Truck crops are being planted and the farmer's outlook, the Department of Agriculture points out in its No. vember analysis of the agricultural situation. ““Prices of wheat, potatoes and vari. ous lesser foodstuffs are at a stimu- lating level,” the department says. “The same has been true of cotton, though its price has sagged discourag 1y in the last month. Recent de. lines in corn prices also are discour- ging to producers who depend mainly pon feed grains for thelr income. Hogs and sheep are selling on a mod !| erately strong market, and prices of both beef and dairy cattle have tended upward this Fall.”” Agriculture still meets resistance in its efforts to regain a relative equality of purchasing power with other eco- nomic enterprises. Wages and com- modity prices in industry remain higher than in agriculture. The pur- chasing power of farm products as expressed in the Department of Agri- cuiture's general index number drop ped back 5 points to 88 in September. {In calculating this index number, the WOULD TAKE' OVER TAXIS. |- Philadelphia Rapid Transit Com- pany Has Special Plan. Special Dispatch to Tha Star. PHILADELPHIA, November 5— Thomas itten, on behalf of the tion than| phijadelphia Rapid Transit Co., has The; made an offer to take over the princi- -| pal taxicab company operating here and operate the cabs in conjunction with 3 was $20,000,000 Maryland Ofl year wheat belt, and stands look good as 5 per cent bonds due in 1926, called at 101 on November 1. Special Dispatch to r. NEW YORK, November 5.—The ad- vance in wages which the membe i brotherhoods today |COAL MINES TO RESUME | UNDER 1917 WAGE SCALE P M EN and women who put their money into Smith Bonds experience a dual satisfac- tion in owning these time-tested investments. Company always to pay the highest rate of interest consistent with our standards of safety —standards which have resulted, for more than half a century, in the prompt payment of every cent of principal and interest to every purchaser of our first mortgage investments. Current offerings of Smith Bonds pay 7%. By investing now, you can obtain this return for any period, from 2 years to 10 years. You may invest in denominations of $100, 500 or $1,000, outright orunderour Investment Savings Plan. This latter plan gives you ten months, after an initial payment of 10%, to complete your purchase. You may make your payments monthly, oratirregularintervals,as suits your convenience. Every payment earns the Sull rate of bond interest. e ornering the Marketplace HE Northeast corner of Fifteenth and H N.W., gives you a corner on the commercial and finan- olal market places of Wash- ington. The Southern Building—modern, bright, efficient in every detail—is the Capital’s paramount of- fice location for conven- jence and distinctive re- firement. Your office here is an asset. mand the co 000,000 on the Natur 1 In the first place, you have the comfortable feeling of financial security—the knowledge that your money is safe. Every Smith Bond is a First Mortgage Bond, strongly secured by improved, income-producing city property, and protected by the safeguards which have resulted in our record of no loss t0 any investor ins2years. This feeling of financial security is increased by the knowledge that the longer you keep a Smith Bond, the stronger it gets. Monthly pay- ments toward the annual reduction of the mortgage constantly increase the margin of security for in- vestors. In addition to the satis- faction of knowing that your money is safe, you have the satisfaction of knowing that, without tisk or worry, you are realizing the full earning power of your money, re- ceiving a substantial in- come, regularly and promptly paid. It is the policy of The F. H. Smith November 5 Consolidation red up pre operations und the company ders to reope announced to the Monongah s and working con- ditions by separate miners' associa- tions representing the employes of the two pits. Officials of the United Mine Workers lenied there had been any break in| their ranks. A union statement said C announcement an agreement s of the union. The Southern Building 15th and H Streets N. W, WALKER AN Southern Building Send your name and address to- day, on the form below, for our two booklets, “Fifty-two Years of Proven Safety” and “How to Build an Independent Income.” The first of these booklets tells about the time-tested safety features which have made Smith Bonds the choice of discriminat- ing investors in 48 States and 30 foreign lands. The second booklet explains our Invest- ment Savings Plan, and shows the results you can accomplish by systematic investment at 7%. THE F. H.SM1TH Co. Founded 1873 SMITH BUILDING, 3:5 Fiftesnth Sereet, N.W.—Main 6464 Washington, D.C. NEW YORK—PHILADELPHIA—PITTSBURGH—MINNEAPOLIS NO LOSS TO ANY INVESTOR IN 52 YEARS 107 Money to Loan Secured by first dead of trust on real estate. revaling intercat and comemigsion Joseph I. Weller 33 Wask & 8'trant 1st TRUST NOTES 6Y2% in denominations of $100 and up. secured on To learn how weil your or- gonisation can bs_housed With Bouthern Building perfestion, phone the mam- eger for en cxhidit, A TYPICAL 7% ISSUE Concoran Counrrts, an apartment building in Washington, D.C., secures an $800,000 issue of 7% Smith Bonds. Through serialpay- ments the mortgage is reduced, before final maturity, to $520,000. The propertyisvalued $1,260,000. This 7% issue is one of our recent offerings and is typical of the strong security of Smith Bonds. 4. en piled up creased. APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Lecated in the District of Columbia and adjaceat Suburbs in Montgomery County, Mé 3:% INTEREST Merger First Mortgage Notes For Sale In Denominations of $100, $250, $500, §1,000 617 Interest Secured on D. C. Real Estate Wm. H. Saunders Co., Inc. Established 1887 1433 K Street N.W. ~ WeOfferan Unusual sion in t .they are by bus co Men in worried b depend to the carriers in doi methods. lers wor large stocks ed goods. They frequently, uiroads to deliver | Deliveries More Rapid. Raflroads g vorting tr Opportunity For Investors- 7% First Mortgage Notes fiflpply To H. L. RUST COMPANY LOAN CORRESPONDENT ®se PRUDENTIAL INSURANCE COMPANY ¢¢ AMERICA 912 15th Street N. Main 6888 Money Loaned | On approv 1y In the District. to be | Story & Co. u REAL ESTATE LOANS RESIDENCE LOANS AT LOW RATES FRED T. NESBIT INVESTMENT BLDG. Main 9392 FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 The Straus Hallmark on a bond stamps it at once as the premier 1315 F Street JOHN POOLE, President real estate security. men to concerns on a much sma of capital than ever before lines the amount neces business has been halved. Lalnterruption ‘or ption of the Secured on Northwest ail traffic of ountry would i + necessitate the ent of this | — = D e system and revisi whole bust- | Deneinetionsle/iS1001Up ness method. QUICK LOANS Seg, Mr. 0'Donnell, Mar., MARKED GAINS NOTED e e e A 1B AFRITZ COMPANY | IN_MUTUAL SAVINGS LK Main 9080 In some for doing $4,250,000 Roxy Theatre 50th to 51st Streets and Seventh Avenue New York City First Mortgage 6%% Serial Coupon Gold Bonds Dated: Serial Maturities: October 29, 1925 Oct. 20,1928, to Oct. 20, 1940 Coupons Due: April 20 and Oct. 20 Two per cent Federal Income Tax paid by the borrower. Pennsylvania four mills tax; Coanecticut 4 mills tax; Maryland 4% mills tax; District of Columbia five mills tax; Virginia 5% mills tax; and Massachusetts State income tax, not in excess of 6% of the interest per annum, refunded upon proper application. We summarize as follows from a letter from the borrowing corporation and from data compiled in our investigation of this issue: MORTGAGED PROPERTY: The bonds are a direct closed first mort- gage on the Roxy Theatre, containing more than 6,000 seats, to be the largest and most modern motion picture theatre in the world, and land in fee fronting 290 feet on 50th Street and 190 feet on 51st Street. The main entrance will be on Seventh Avenue, through the new Manger Hotel. The theatre will be provided with every modern innovation in motion picture presentation and will be the last word in structures of its kind. There s a heavy demand in New York City for another high grade first run moving picture theatre, and the character of this house, its exceptional location in the theatrical district and the proven ability and long experience of the management assure its success. The building is now in course of construction and its completion is guaranteed. OWNERSHIP AND MANAGEMENT: Mr. S. L. Rothafel, widely known to motion picture patrons and radio enthusiasts as “Roxy”, is president of the Roxy Theatre Corporation, the borrowing corporation of this issue, and will direct the theatre. His associates are men of long VALUATION: Land and completed building have been appraised as follows: No Waiting—Courteous Service 14th & K Main 9080 District Loan Procurement Co. 1417 F St. N.W. M. 4438 Open Evenlngs 7 to 9 in the 14 mutua imore members of the ! erve system rose from | 500 at the end of August to 622 on September 30. At the September the total was $6,324,420 above the aggregate for the same date in 1924. Between September 16 and October 15, both this vear, time deposits in 72 regularly reporting member banks rose from $198,324,000 to $199,385,000, -and on the above the reported on O Remember the Old Fable-- wherein the lazy grasshopper laughed at the industrious ant in summer for wasting golden hours storing away food? And when winter came, how the wise, though callous ant said to the begging grasshop- per: “You have sung all summer; now dance all winter.” EDWARD B. SMITH & CO. Members N. Y. Stock Buchange —men of character to sell sccurities. Wil furnish ERE—asiphis Sew Y or some leads but must have some acquamtances and clientele of their own. Address Box 485-S Star Office > . Investment Securities BRASS PRICES ADVANCED. NEW YORK, November 5 (#) American Brass Co. has advanced prices of ¥ nd copper products, also seamless by tubes 1 cent a pound. Copper wire has increased 3 cent & pound. T What Experts Buy. Trained tnvestors always buy secu- itles that have a substantial loan value. One of the surest methods ot determining the value o any stock is to seek a loan on it. If your banker declines to consider it as collateral you can rest assured its marketability does not_amount to_much. National Metropolitan 111 Ban' 111 Years Years o1d od Capftal, Surplus & Undivided Profits, Over $1,800,000.00 15th St., opp. U. S. Treasury Corporation Financing Commission Orders We all rememberthisstory, for it teaches a great truth—the necessity of providing for the future. In our First Mortgage Notes at 614% per annum you can make provision for the years to come at an at- tractive interest rate. ,Rheem & Swartzglllloggg &w}knseyn G, 727-5 Street.NW WashingtonDC 56 Years Without Loss to An Investor SECOND TRUST NOTES Funds available for the pur- chase of all kinds of second trust notes. secured on D. C. or nearby real estate. Prompt action in every case. Washington Investment and Transactions Co. 15 14th St. N.W. Maln 3 917 15th St, N. W. WASHINGTON James Donald Cassels Manager t. 662 s 000006)00000000 —————_| 6%% and SAFETY ‘Whether you can get this rate of interest and be certain of the safety of your principal depends entirely upon what is back of the investment. The First Morlgage Notes We are offering at this rate of interest are ample security for the loans, because they are backed by very conservative appraisals on a basis of about 50% of the property value. Consult Our Mortgage Investment Department [SHANNON: & LUCHY 713 and 715 14th Street N.W. Main 2345 Value of Completed Property Cushman & Wakefield, Inc. $6,925,000 W. Albert Pease, Jr. 8,950,000 On the basis of the lowest appraisal the bonds constitute a 61.4% loan. EARNINGS: Net earnings, after operating expenses including insurance and taxes, are estimated by the borrower at $2,509,000 per annum. Our own estimates, on an extremely conservative basis, indicate minimum net annual earnings of $1,170,000, more than four times the greatest annual interest charge, and approximately three times principal and in- terest charges combined. DENOMINATIONS: $1000, $500 and $100. PRICE: To yield from 6% to 6.40% according to maturity. Appraiser INTERESTING AND TRUE HILE ample for the most varied de- mands of “big busi- ness,” the facilities of The Metropolitan are widely utilized by small depositors. Just as the average man uses only part of his ability, he gets from his money only a part of what it should safely earn for him. For the salaried man, as well as for the large investor, this form of investment is made convenient—— 61% FIRST MORTGAGES These investments are of- fered in units of $250, made con- venient by our partial payment plan. F. SAUL CO. 925 15th St. N.'W. f We invite you to carry your Checking and Savings accounts at the OLDEST National Bank in the Dis- trict of Columbia. 3% On Savings 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. Houses e OY2 %) ON APPROVED SECURITY Apply RANDALL H. HAGNER & COMPANY MORTGAGE LoAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Call or write for circular 100-G SW.STRAUS & CO. ESTAMLINED 1883 - TNCORPORATED Apartments Office Buildings NATIONAL METROPOLITAN BANK BUILDING ‘WASHINGTON, D. C. ‘Telephone Main 5847 B. Main 2100 43 YEARS WITHOUT LOSS TO ANY INVESTOR