Evening Star Newspaper, November 20, 1925, Page 27

FINANCIAT. TIE EVENING STAR, WASHINGTON, D. ¢, FRIDAY. NOVEMBER 20. 1925. EINANCIAEL, ! SHIPPING NEWS S WE FiNAncs (|| 00000000)00000060 Eeee S TURKEYS LIKELY ‘ SHIPPING NEWS | 1] oo st Ent i o || 8 W ANTEDY & Equitable Co-operative Building Ass’n 61% Time Proven g q Arrivals at and Sailings From Large Loans a Specialty e L E i : : ta | & Washington Investment AT n for the pur. JOHN JOY DN, President FRANK P. REESIDE; retary Real E Higbie & Richardson, Inc. ikt notes o b. G Organized 1879 1th YEAR COMPI IS state Mortgages {Thanksgiving Retail Price on ] ; ST FIRST MORTGAGES & and Transactions Co. Subscriptions for the 90th Issue of Stock Being Received | Finc Dressed Stockels. |maremmmaoi 220 P08 corpinioran FOR SALE 75 40 St Adopt Our Systematic TRIN o t | 1 . Adopt Our Systematic DLRI:\C the past thirty-six years, the ARRIVED YESTERDAY 816 15th St. N.W. i — 3662 5 1 St Derominations of $250, $500, S00L9H)05000000 S 4 b Now Forecast. b i vl $750, $1,000 and Upwards Saving Plan first mortgage notes purchased by in- : 6725 FEDERAL‘AMERICAN Yourruniyourliome onia sys Shares vestors from this"Company have proven SUNDAY Columbia ok Pl ) RN LR 5 st A RESOURCES, $14,000,000 o . X : profit and convenience. The present offer- Port an Prinee. » 4 ’ Per Mont 5 . : MONDAY JAMES F. SHEA surest 2 3 G Adoic ings maintain the same ! tandards Suthy 643 Louisiana Ave. N.W. 1315 F Street money. Make this pay-day an ‘Fhey ate JONIN POOLE, President Equitable and SAVE. i . 915 F Stree MONEY .1 C© _LOAN . S:\]’Ii. because the mortgages are not only ON REAL ESTATE: abundantly secured by the prc but i . GEO. W. LINKINS = o , bu : 1733 DeSales Street { B 3 are the direct obligations of finan WE BUY—SELL S |l § . The New York Life Insurance Co. sponsible borrowers erse e i First Mortgage Notes Offers to Make For Sale B i . I2iDcnomingtions ot u AT e LB T PI(HI“]T‘\BI_E, because the present mort- e 200 525\0\,"5‘590, 1000 Y g Re: , the District of lumbia and gage notes pay 6149 inte [ s e g 647 Interest : 5 : ar eri = Secured on D. C. Real Estate | = ; \ Houses i NONVENIENT i g I e o Win: B Sannders CoiiIne- Ssias “;.r nl\‘nv‘:. @© INV IENT, because the inter Established 1887 stncss ice Buildings s s e e 5%‘7 AN z 1433 K Street N.W. che ire promptly received by the /4 PR e —_—y ON APPROVED SECURITY ':' ————— | etio y case. Assets $5,031,811.86 Surplus $1,352,719.93 L1111 072 ST MACKEY ; re- vestor or his bank on the dav due. st T LOW RATES R Brokers 'RANDALL H. FAGNER & COMPANTY Ne , investor o S Stocks Bonds We s unip)l vin v o= MloRTGAGE Loan GORRESPONDENT ! 912 15th Street N.W. Main 6883 with first mortgage notes, 0dd Lots Carried om Margin and have plenty of money 1321 C i A i BuCk & C =ndiiaye lented! onnecticut Avenue Telephone Main 9700 ompany based on 5070 app —BROKERS— S Fstablished 1916 Write, Phone or See H. L. RusT COMPANY Money to Loan Secugd by it a1 312 Evens Building [JEClasnar LS OiDsanct Joseph 1. Weller 420 Wath' & &' trmc 1420 N. Y. Ave. N.W. Tel. Franklin Direct Private Wires to > S s all of these bonds have been subscribed for, this advertisement app ears only as a matter of record th & K First $100,000,000 o _ 7| Kingdom of Italy CHAS, D. SAGE Better T bafl GOIJ . EXTERNAL LOAN SINKING FUND 7% GOLD BONDS 924 14th St. Main 36 demand o To Be Dated December 1, 1925. To Mature December 1, 1951. If you owned simply gold you wouldn’t ; it i s nterest Payable June 1 an lecember 1. m get the Tenants— } : we find them; rents— | 1 EXCEPT FOR THE PURPOSES OF THE SINKING FUND, THESE BONDS ARE NOT SUBJECT TO REDEMPTION g . It 2 0 UNTIL JUNE 1, 1941, ON AND AFTER WHICH DATE THEY MAY BE REDEEMED AT THE OPTION OF we collect them; THE GOVERNMENT ON ANY INTEREST DATE, AS A WHOLE BUT NOT IN PART, AT 100 PER CENT. profits—we m-/ S 5 . £ crease them, for /A interest that our First Mortgage Notes ‘ A cumulative Sinking Fund which, it is estimated, will redeem the entire issue by maturity, will yield. i be created by the Kingdom of Italy by annual payments of $1,500,000 on September A real opportunity for investors of $100 15 of each year, beginning September 15, 1926. §uch pflymetlll, together with or more. Your investment is secured by sums egual to the interest on all Bonds nrekudy' acquired for the LR = 2 g < Sinking Fund, are to be applied on the succeeding December 1 District of Columbia Real Estate worth | to the redemption, at 10C ., of bonds drawn by lot. double the amount of the loan. Your i o interest is paid promptly the day it be- Principal and interest payable in United States gold coin of the present standard of weight and 4 comes due. ness in New York City at the office of J. P. Morgan & Co., without deduction More than a | for any Italian taxes present or future. , 4 c;;;tarter dOE' a | ASK OUR MORTGAGE INVESTMENT : £ & ur oln, / the ren¥al-maing. f DEPARTMENT FOR DETAILS Coupon Bonds in Denominations of $1,000, $500 and $100. Not Interchangeable. P i you. tenance work for |} ) roperty holders— | e ! p i J. P. MORGAN & CO., FISCAL AGENTS. | consult 1 e (= { i i - i SHANNON & LUCHYy | b = ot sl . i His Excellency, Count Giuseppe Volpi, Minister of Finance of the Kingdom of Italy, authorizes the 925 15th Street N.W. 713, 715 & 717 14th St. N.W. Main 2345 i following statement in connection with this issue: Main 2100 — The Italian Government’s budget is balanced. Since 1922, the budgetary situation has been under- 1, wide range in p 1 H ~ “ | FiuEnel hemnel e, (or- BUDGET 0 teady improvement, and in the fiscal year ended Jums 30, 1925, actual revenues amounte. to 20,456,000,000 lire, and expenditures to 20,247,000,000 lire, resulting in a surplus of 209,000,000 lire. The Government Budget for the current fiscal year (ending June 30, 1926), as passed by the Italian Parliament, shows an estimated surplus of over 177,000,000 lire, and includes estimated paymenta on the inter-governmental debts. Receipts for the first three months of the current fiscal year, according to provis nal returns, showed gpla ! | s an excess of about 168,000,000 lire over expenditures. ynoderate, 5 i PURPOsE The ltalian Government has available resourc fei ite current require- OF ISSUE ™ents both domestic and foreign. It purposes, theref devote none of the proceeds of the e‘ e 00 S resent loan to ordinary expenditures but to hold the entire amount as a gold reserve available for | currency stabilisation purposes, leading to the Final steps in the government’s definite fiscal and financicl pepper crat policy, of which a completely stabilized currency is a vital part. HE buying public throughout the civilized world prefers Since 1923, the Italian Government has made progress in funding its floating debt and in re- goods bearing the trade-marks of reliable manufacturers — | covggm\_mm ducing the outstanding amount of its total internal debt. On June 30. 1923, the total internal trade-marks backed by responsibility and conscientious care — | debt amounted to 95,544,000,000 lire; on June 30, 1925 it stood at 90,841,000,000 lire, a by resp £y Eelch ace | reduction of over 4,700,000,000 lire. With the excoption of a very limited amount of bonda issued in London Fight of Stage Coaches Against trade-marks that assure quality and uniformity of quality, with i prior to 1914, the present loan constitutes the entire Italian Government external debt in the hands of the public. The Government’s indebtedness to the United States Government has been funded under an agresment dated Steam Roads Recallefi by the satisfaction-in-use that all good products give the consumer. | November 14, 1925, aubject to ratification by the United States Congress and the Italian Parliament. This Present Bus Expansion. agreement provides for payment over a period of sixty-two years, beginning with payments of $5,000.000 a nually during the first five years, gradually increasing during the life of these bonds to approximately $26,50 In the same way, discriminating investors in 000 in the twenty-fifth year and to approximately $31,500,000 in the twenty-sixth year. The ltalian Govern- seal estate securities prefer bonds that bear the ment’s only other inter-governmental debt is that to the Britich Government, discussion of which is ander way- Straus Hallmark — bonds backed by a record THE ABOVE BONDS ARE OFFERED FOR SUBSCRIPTION, SUBJECT TO THE CONDITIONS of 43 years without loss or delay in payment STATED BELOW, AT 94Y%% AND ACCRUED INTEREST, TO YIELD OVER 7.48% to investors — bonds that occupy a _jenerally TO MATURITY AND OVER 7.56% TO THE AVERAGE MATURITY DATE. acknowledged position as the standard by All subscriptions will be received subject to the issue and delivery to us of the Bonds as planned which all real estate securities are judged. and to the approval by our counsel of their form and validity. Subscription books will be opened at the office of J. P. Morgan & Co. at 10 o’clock a. m. Friday, Our current list includes a widely diversified variety of Straus November 20, 1925, and will be closed in their discretion. The right is reserved to reject any and all ini inci ications, , in a ) y i 3 Bonds, combining safety and prompt payment of principal and applications, and a;so n ;ly caset to alut;rd a sr:aller amount than applied for 3 e 3 The amounts due on allotments will be payable at the office of J. P. Morgan & Co., in New York interest, an attractive interest yield, from 5.50 to 6.40%, and funds to their order, and the date of payment (on or about December 9, 1925) will be stated in the a firm market. notices of allotment. Temporary Bonds or Interim Receipts will be delivered, pending the preparation and delivery of the definitive Bonds. . Application for the listing of the definitive Bonds on the New York Stock Ezchange is to be made by the Italian Government. or trig ad is laboring These bonds form a class of securities of proven merit that under condit which resemble in otzifin ey encourtoren should be included in every well diversified investment ac- d count. Call or write for CORN HUSKERS MAKE BODRIBUAS5G REMARKABLE SPEED J. P. Morgan & Co. BURGESS, 1L, November 20 (9).— S W S I RA' ' S & CO First National Bank, New York The National City Company, New York Iilinois yesterday won first and sec- . .~ & . Guaranty Company of New York Bankers Trust Company, New York S e D il i Seranman i &5 o oloATID i &C iggi i Toulon, 1. was the victor, husking NATIONAL METROPOLITAN BANK BUILDING Harris, Forbes o. Lee, Higginson & Co. Kidder, Peabody & Co. X WASHINGTON, D. C. Brown Brothers & Co. Halsey, Stuart & Co.. Inc. ninates, or an average of 230 bush- els for 10-hou Walter Olson, . Ko County, was second. e S0 New York, November 20, 1925. &S B o _ 43 YEARS WITHOUT LOSS TO ANY INVESTOR ‘When in doubt about a security consult your banker. It is equally as T much his interest as yours to protect NI WASC e vour savings. You trust him with Sour depositls—why not trust him with your investment problems?