Evening Star Newspaper, November 13, 1925, Page 29

FINANCIAL. THE EVENING STAR, WASHINGTC EVERYMAN’S MILLIONS INVOLVED INDAY'S DIVIDENDS Action Taken Yesterday in Wall Sireet Reaches Startling Totals. tior ENTS BY GEORGE T. HUGHPS. In @ public address a New York investment for the the f: e id has . | than the Ar Savings Insurance on Central Savings Bank 710 H4th St N\ Francis M. Savaze, President tries with the utllities there operating. | It will probably be objected that Money to Loan the government lssue is a higher | Secured by first deod of trust on real estats. grade investment than the utility, | g b w““ D W rruat which is true, but it is doubtful if Josephi. €Y Bidg. 9th & F E, ihe difference in the grade of Invest s ment Is sufficient to account for the | difference in _the price. At any rate | there is much to be sald in favor of hing a Japanese utility, for example, ad of a Japanese government provided the investor is ahle to risk which s First Mortgage Notes For Sale In Denominations of $100, $250, $500, $1,000 637 Interest Secured on D. C. Real Estate Wm. H. Saunders Co., Inc. Established 1887 1433 K Street NW. me the politice involved in both. (Coyright. 1925 Your Banker Knows, When in doubt about a security consult your panker. It is equally as much his interest as yours to protect your ings. You trust him with your wny not trust him with « ment vrabiems ] | INVESTMEN! C., FRIDAY, VEMBER 13, 1925. FINANCIAL. REAL ESTATE LOANS si' AN fi OUNO];I!P! RESIDENCE LOANS AT LOW RATES FRED T. NESBIT LDG. FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President THE SATISFACTION OF KNOWING The satistaction of knowing QUICK LOANS On Your Resl Estate Equity i $100 to $5,000 | No Waiting—Courtepus Service ||| District Loan Procurement Co. | HI7 F St. N.W. o |l | Open Eveninex 7 to 9 that his money is safe! pro 1st TRUST NOTES A ductive belongs to the man whe mvests his capital in our 62% The New York laie insurance Co. Offers to Male iirst Mortgage Loans On Impioved Real Estate m the District of Columbia and Nearby Marvland Suburbs for 3. 5 or 10 year Periods. 5% ON APPROVED SECURITY Apply RanpavL H. MAGNER & COMPANY »lorTGAGE LeAN GORRESPONDENT Telephone Main 9700 Apartments Office Buildings Houses Business Propertics 1321 Connecticut Avenue 64 % Time Provenr WE FINANCE —all « sme-prodicing properts Large Loans a Specialty Current int. rate and commission Higbie & Richardson, Inc. 216 15th St NOW MONEY T LOAN —on First Mortgages on - proved property in \Washing- ton. Current rates. Prompt 713 & 715 14th St. N.W. Main 2345 Equitable Co-operative Building Ass’n FRANK P. REESIDE, Secretary 16th YEAR COMPLETED Surplus $1,352,719.93 JOHN JOY EDSON, President Organized 18 $5.031.814.86 Assels Subscriptions for the 90th Issue of Stock Being Received Shares $2.50 Per Month Adopt Our Systematic Saving Plan home on a sy ethod—you should same System- best and accumulate ving is the Make this pay-day an and SAVE. 915 F Street ihle day | } Real Estate Mortgages | DL'RL\'G the past thirty-six years, the first mortgage notes purchased by in- vestors from this Company have proven nf The present offer- sterling investment qualities safety, profit and convenience. ings maintain the same high standards. They are S.\FE, because the mortgages are not only abundantly secured by the property, but are the direct obligations of financially re- sponsible borrowers. PROFITABLE, because the present mort- gage notes pay 6749 interest. CON.\'ENIENi‘, because the interest checks are promptly received by the in- vestor or his bank on the day due. H. L. RusT COMPANY 912 15th Street N.W. Main 6888 MGONEY TOC LOAN ON REAL ESTATE GEO. W. LINKINS ° $ > s s s % = > 2 <= 1 O . SECOND TRUST NOTES 2222 HiC: Prompt 90000000 b4 4 Washiagton Investment and Transactions Co. 5 10 St NW. * ’ 7 . ‘000Q00¢)0 290900« investors. L The Real Basis of EVERY commercial banker knows that earnings are the real basis of value and of security. Confidence in earning capacity finally determines the value placed upon bonds held by Security — —_— FIRST MORTGAGES CONSERVATIVE INVESTORS have ALWAYS been consistent owners of FIRST MOR' GAGES on improved real estate as the sure foundation of ecurity for their funds Ouart =5 connmercial No industrial or change. however radical. car jeopardize his principal. No deficiency can his of @ Centiw This is equally true of the great insurance companies of the world, as well as the leading financial institutions. WHY NOT JOIN THIS SELECT COMPANY and ar range to “play safe” in the future. Without irregularity or occur in the mnterest B. F. SAUL CO. Main 2100 / Loss pavment of We can supply vour needs whether vou have $100 or $100.000 to invest MORTGAGE INVESTMENT DEPARTMENT SHANNON- & TUCHY 713, 715 and 717 14th St. N.W. Main 2345 NAW 925 15th" St 125,000 Shares Roxy Theatres Corporation (A New York Corperatien) Participating Class A Stock Cumaulative Preferred Dividend $3.50 per annum DIVIDENDS EXEMPT FROM PRESENT NORMAL FEDERAL INCOME TAX Preterred as to assets and dividends and entitled upon liquidation to $50 per share before any distribution to Common Stock Redeemable in whole or in part at the option of the Company at $50 per share and accrued dividend. Non-voting except in case of default in four quarterly dividends accruing after June 1. 1927. Dividends will sccrue from December 1. 1925, and are payable quarterly on March 1. June 1, September 1, and December 1. Entitled to an extra $1 per share before further payments beyond $1.50 per share in dividends to Common Stock in any year. Full paid and non-assessable. Annual sinking fand to be 15% of net earnings after payment of the dividend of $3.50 per share on the Class A Stock. Registrar: Transfer Agent: Irving BanX-Columbia Trust Company Chatham Phenix National Bank and Trust Company CAPITALIZATION Autherized 125,000 shares 350,000 shares 350,000 shares $4,250,000 $4,250.000 Mr. W. E. Atkinson, Vice-President and Gemeral Manager of Roxy Theatres ( orporation, has summarized hic letter to us as follows: 3 Business: Roxy Theatres Corporation will own and operate the Roxy Theatre. now under con- struction at 50th Street and Seventh Avenue, in the heart of New York's theatre district In size, equipment and appointments the property will rank as the largest and finest motion picture theatre in the world, covering over 52,000 square feet of land and seating over 6,000 persons, while providing unique accommodations for some 35.%00 additional patrons in a spacious rotunda Mr. Walter W. Ahlschlager, prominent theatre architect, has embodied in his plans the most modern features of the American theatre and has provided every facility possible for the comfort, convenience and safety of patrons. The type of entertainment to be given, while conforming in some respects to that popularized by “Roxy"” at the Capitol, Rialto, Rivoli and Strend and which has proved so financially successful. will far surpass any of his past achievements. He will present magnificent spectacles, ballets, choruses, and novelties sup- ported by an orchestra of over one hundred pieces. Presentation of motion pictures will be revolutionary under 2 plan conceived and perfected by “Roxy”. The Roxy Theatre will be under independent management, thus allowing Mr. Rothafel full freedom at all times in the selection of the best in motion pictures. The location of the property is considered one of the finest in New York, having a direct entrance from Seventh Avenue at 50th Street served by three surface lines, two subway routes and one elevated road within one block’s distance. Valuation: Mr. W. Albert Pease, Jr., has appraised the value of the completed property at $8.950.000 which sum gives a total value * - the Corporation’s assets, upon completion of the build- ing and installation of fixtures, of over $10,u00,000. Building: The building is being constructed by The Chanin Construction Company of New York —— which has built several of New York's leading theatres. Bond for completion has been given to the mortgagee by The Maryland Casualty Company, of Baltimore. Earnings: Mr. Rothafel and his associates estimate that the net earnings available for Class A stock dividends, after all charges, including mortgage interest and amortization and depreciation will amount to $2,105.875. These earnings, equivalent to over 4.8 times the annual dividend require ment of the Class A stock. indicate approximately $4 per share available for Common stock dividends and Class A stock participation, after providing for the Class A stock sinking fund. It is the expectation of the directors of the Corporation that dividends on the Class A shares wifi be inaugurated promptly after the opening of the Roxy Theatre which, it is expected, will take place about November 1, 1926, Broadway motion picture theatres have been unable to accommodate the constantly increasing number of New York theatre-goers. The individual records of each theatre. comparable with the Roxy Theatre reflect large financial successes. It is significant to note that New York has fewer large, modern, moving picture theatres than Chicago. To be Presently Outstanding Class A Stock of no par value cemeaere- 125.000 shares Common Stock of no par value ...eqmpmmsa -~ First closed mortgage. . . . . . ... ..qmereme - - This fundamental basis of security is given major consideration in theunderwriting of Straus Bonds. Stocks Bonds I | 0dd Lots Carried on Margin Buck & Company ~—BROKFRS— Fatablished 1916 312 Evans Building 1420 N. Y. Ave. N.W. Tel. Franklin 300 Direct Private Wires to New York Management: Mr. Rothafel, President of the Corporation, who will have personal charge of all T _presentations, is not only the popularly known “Roxy” of radio enthusiasts, but is also acknowledged as the leading shewman of the country. Mr. W. E. Atkinson, who will have charge of the business management of the property, recently resigned as Vice-President and General Manager of the Metro-Goldwyn Pictures Corporation and as a director of the Capitol Theatre to become associated with this enterprise. Mr. Rothafel and Mr. Atkinson will be ably supported by an experienced staff The earning capacity of the mortgaged property is judged in the light of long experience, national in scope and covering thousands of loans, by a lending organization whose personnel, training, technical knowledge and experience are un- equalled in its field. General: It is the aim of Mr. Rothafel to create an institution, well deserving of the support of the . American public, where, in addition to delightful entertainment, there will be ever present ideals and influences of the highest character. Then, too, there must be an equity behind the bonds more than ample to give the final assurance of safety. Safety, an interest yield from 5.50 to 6.40% at present, and a steadily broadening market commend Straus Bonds to the investor. These bonds form a class of securities of proven merit that should be included in every well diversified investment account. Call or write for The Corporation bas agreed to make application in due conrse to list the Class A and the Common shares on the New York Curb Market. We ofier the shares, when, as end if issued, received and accepted by us, amd subject to tke approval of our counsel Al legal matters in commection with the issuance of these securities will be subject to the approval of Messrs. Wing & Russell, of New York, for the Bankers, and Messrs. Sonnenschein, Berkson, Loutmann & Levinson, of Chicago, and Mr. H. G. Kosch, of New York, for the Corporation. Audits by Messrs. Lingley, Baird &-Dison, of New York. Appraisal by Mr. W. Albert Pease, Jr. Price $40 per Share With each three (3) shares of Class A Stock there will be delivered one (1) share of Common Stock. No fractional shares will be issued. Mulliken & RObertS, Inc. 120 Broadway, New York City Want to Expand? e in the position e or \ your to m- get in BOOKLET 732.G S.W.STRAUS & CO. ESTABLISHED 1882 “ INVESTMENT BONDS - INCORPORATED NATIONAL METROPOLITAN BANK BUILDING WASHINGTON, D. C. Telephone Main 5847 43 YEARS WITHOUT LOSS TO ANY INVESTOR crease your p! touch with our Mr. Kelley, Loan Department himseli of of your ere will be acle in your Pope & Company 60 Broadway, New York City atter assuring ‘Crane, Parris & Company Investment Bankers 823 Fifteenth Street, N. W. Washington, D. C. The information contaived in this advertisement, while not guarantess, bas been obtained from sources we believe to be reliable. 1o further ob: 1415 K St. Main 4752 s @ 10258 W 8 &Co. tne