Evening Star Newspaper, December 9, 1925, Page 31

FINANCIAL. NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office 1925. FINANCIAL. Equitable Co-operative Building Ass’n JOHN JOY EDSON, President FRANK P. REESIDE, Secretary Organized 1879 46th YEAR COMPLETED $5,031,814.86 Surplus $1,352,749.93 Subscriptions for the 90th Issue of Stock Being Received SYSTEMATIC SAVING The surest and BY WILLIAM F. HEFFERNAN. NEW YORK, December 9.- tendency of prices’ on the Curb Ex. | 1ONS now are in progress in five differ- chanze for the first half of today s | ©Nt sections of the mid-continent feld. ;h\«mnh was toward slightly lower 'I‘l;‘t company owns over 300 leases, to- evels. but in the late dealings a firm- | taling approximarely 260,000 acrss, in il + er tone was noted. 1t was evjdent that | SIx States Buymg After he speculative element, having taken |. A further upturn in Fajardo sugar profits n recent favorites among oils |attracted attention, in view of the de- and other industrials, was disposed to | moralized state of the raw Sugar mar- take them ket. Todd Shipyard moved up 3 !4ge Petroleum. in which over 160, | points, Land Co. of Florida gained u 000 shares were dealt in on the pre- | like amount and Lit Bros. rose well Yious day at new high prices, came | over a point. Higher prices for Cur- down from the top figure and was less | tiss Aero common were attributed to | P7 the Assoeiated Press. Bclive. the attitude of President Coolidge on| NEW YORK, December 3.—Cotton ding in Gihsen Oil and other of [ aviation in his message to Congress. opened barely steady. Decem- the lower-priced members continued ac- “The | tive around the 5 level. Drilling opera- Assets THE EVENING STAR, WASHINGTO D. C, WEDNESDAY. DECEMBER 9, Mississippl, oAhh and Potemae Rivers Secretary Hocr Hemors mavoment of | aisaide the cotton 2eit eurie tn || FEDERAL-AMERICAN handled at outpor and across the|§17 6 . IN TRADING TODAY RESOURCES, §1400000 OUR i ' 1315 F Street Yesterday’s |{l INV ' Break Rather Light, Quo- SERE/SIEISENT e S e s e | i Mortgage Money to Loan Bfln U HESTER'S REPORT OUT. |Mississip!, manufacturers JOHN POOLE, President tations Show. If professional advice is desired along any line an expert is, or should be, consulted. It is quite as important that a similar course he adopted ‘in reference to one’s finances. We boldly Member Washington Real Estate Board. —_ claim to he “experts” in values of real estate in the T2 10th BL. N.W. Main 766 9. —Fol- 3ol elviumtor G .. 78% 782 284 08; January, 19.37; March, 1937; :‘:,:‘"‘:’:' :h‘;:l";:(' :;':a;"-' t"': wtllll‘tlm t:{:‘;‘:lx“"‘wat‘ — — . 81, Kiaft Cheess ' " k) i % 1 ways thoroughly s: . t;;-él; ‘!‘i:l.' ni w‘z M 1“.:‘% ¥ lls.eo.‘.!ullv 18.73. v The Imnlrk:t at the same time yicld liberal totes of Intereat. : F t Mortg e ihan T e Sunng Sy sty Sad (g Whether your savings be large or small. it will s ag ing S Xesterhayis buying aupenced o pav you to avail yourself of our INVESTMENT Brokers Clarence 1. 0'Donnell, Mgr. Mortgage Dept. Real Eatate. Lot un finance Jour property. THOS. E. JARRELL Join the Equitable and save with the “Army” of regular ' quickest way to ac- cumulate money is saving systematic- ally. Join teday. NEW YORK, December Aowing is an oMcial list of honds and #10ocks traded in on the New York «urb Market today depositors. D1y 186 £ AT 3 have eased the technical position of SERVICE—It is FREE to investors. the market, while Liverpool wasl ower MORTGAGE INVESTMENT DEPARTMENT 915 F St 915 F St than due, and the opening here was at a decline of 2 to 9 points. The initial offerings were fairly well absorbed around the opening prices, and the steadiness following the first break on yesterday's Government re. port evidently encouraged some fresh buying of the later months. The sell- | ing continued, however, and prices eased off to 19.20 for Junuary and 18.98 for May before the end of the firet half hour, or about 22 to 25 points net lower. % Liverpool and the South were both M K3 sellers during the early trading, and METITEN e . hi the trade buying which had been a B feature yesterday afternoon was less in evidence. P &L e n Roll Mills 6s. m Thread € B W 14th & K Main 9080 " 713, 715 and 717 14th Street N.W. Main 2345 J Prompt Action What Qur Guarantee Means First Mortgage Loans : Lowes: Rates of Interest and Commission to the Purchasers of Our 1 ( Thomas J. Fisher & Company, Inc. | First Tmst Refll E.tate Notés 6 /2 % AR e ,_! T st. The property has been appraised by men of many years' expe- recognized experts in valuing Washington real estate. First Mortgage Notes || 2nd. You are relieved from all responsibility of collecting interest, jooking after the insurance and taxcs Each note bears our endorsement, which means that we guar- antee each note, both as to principal and interest when due. . The guarantee of this corporatien is better than a personal guar- antee, because its existence is perp=~1al and the resources back of it are over $2,250,000. REAL ESTATE MORTGAGE AND GUARANTY CORPORATION 26 Jackson Place N.W. L. E. BREUNINGER, President BALANCED SECURITIES 5. D81 08 Nor Sta | I New Orieans Quotations. Tuiiten 104 104 L z;}..“'l‘! NEW ORLEANS, December :-D: For Sale 3rd. otz 5 ; ; 4 ."‘i‘:’;,’.'.:,“;".‘,‘,;fim; combar, 1505 Tameare, 18 Before investing vour sur- R . plus funds, consider how well NEW YORK, December 9 UP).—Cot- balanced are the securities 45 a.m. bid: teady. 1 2 . e which you select ity For well defined balance of poon bids ate principal safety and income as- e et anuary, 13.85; \ : W, 36 July, 16.16. surance, we suggest our {rest | iew! i . 19.22: M July, 18.65 ker M. ). = X/ . | A Fool and His Money. Y ONEY 170 LOAN! SR B ot s 6%2% FIRST MORTGAGES |\ON REAL ESTATE no proof that it is worth any more GEO. w. LlNKlNS than ordinary wall paper. Thousands 1733 DeSales Street of people in Washington weuld have WANTED ! saved their money if they simply had asked their banker to tell them what SECOND TRUST NOTES Funds gvailable for the pur. kinds of secosd he knew of some supposedly wonder- chase of all In Denominations of ath, $100, 5250, $500, §1,000 617 Interest Neewred on B. C, Real Katate Wm. H. Saunders Co., Inc. Established 1887 T 0 Bla10% 10 pd B3 100 Your surplus funds are pro- tected by the established value of the property on which the of a Mortgages are based. That vour interest will be paid with absolute regularity is assured by our record of more thana quarter of a century without a lnss to any investor. B. F. SAUL CO. Main 2100 925 15th St. Ozer a Metropolitan Life Insurance Company FIRST MORTGAGE LOANS BUSINESS PROPERTIES OFFICE BUILDINGS HOUSES APARTMENTS CONSTRUCTION LOANS WEAVER BROS. Realtors 809 15th Street N.W. ! 00006000000 Quarter | ful investment. k: Century |;vukb>n‘1(£ H ob Bro o} Todd "Ship g REAL ESTATE LOANS 5-}% OIS L g I Loss BUSINESS PROPERTY RESIDENCE LOANS AT LOW RATES FRED T. NESBIT Without a 00006000 & Washington Investment and Transactions Co. 15 14th St. N.W. Mala 3683 x ¢ }g 1Siem & Hal 3 3 INSURANCE — its Dranches. 1. Rnow Tour reauiremonte"We cun sorveTon, THOS. E. JARRELL 321 10th Bt. N.W. Main 766 Led 73 R ] ARD OIL AnF A O vie cdo N.w. PR Main 9486 to Builders AT CURRENT RATE OF INTEREST | R FLOYD E. DAVIS COMPANY | 10 An ot i 4 333 13h S ONW. el op i i 561 Tth Kt S.W, 3 Dolores. Espar New M - U Eng Gd M L oo~ 5 'y S i’;‘l ;:,r’.‘l Thoug \l, V Continental Trust Company (RSN SRR $1,600,000 ‘ Capital One Million Dollars A pent o 180 7 1ag & Conpel” Corp 14th & H Streets FEE 4 > A i Wolverine P ¢ H 6 Yel Taxi C 5 10 Gal S0 nfd new 1600 Humble 01 & R 10T P L 3600 Imp 0 61 Can nw 1500 Inter Pet € 1. 100 Maznolia Pt 200 Nar Transit The New York Life lnsurancé 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. N 3 VA /A ON APPROVED SECURITY Apply RaNDALL H. HAGNER & COMPANY MORTGAGE LoAN GORRESPONDENT Telephone Main 9700 {err Lake.... 4 Rirkland Lake M A g e National Press Building : 2 WASHINGTON, D. C. 7% General Mortgage Sinking Fund Gold Bonds (Closed Mortgage) 300 Vacuum O1l ales INDEPENDENT OIL STOCKS. in hdrds | WE PAY MORE INTEREST | | ON SAVINGS ACCOUNTS || Than Any Other National Bank in Washington Interest on DAILY Balances Come in and let us explain Commercial Nat'l Bank | | We remsesersts from the ottorof Mo [obm Hoys Hammond, Prissdomt o tbe Notsona! Pres: Busidmmg Corpovation, as fallowe: J4th and G Streets il Resources $17,000,000 R. GOLDEN DONALDSON. PRESIDENT || > Hughes % Tono Belmont ", 11 Tonopah Ext 1Tono Min 10 West End Ext Apartments Office Buildings STEEL ORDERS LET UP. NEW YORK, December § ().—The strong pace of late November has been maintained through the first week of December in the operation of steel mills, Iron Age reports, but so many buyers covered for most of the first quarter, and some for all of it, the rate of new buying is naturally somewhat lese, MACK TRUCK GETS OPTION. VEW YORK. December 9 (#).— Mack Trucks, Inc., has taken an op- tion to purchase the Pond machine works plant of the Niles-Bement-Pont Dated December 151, 1 Duc December 13t, 1948. 975 Principal and e snena! imcres {juae o1 che ofice of the Trastes. Conpaa bands is istarchangesbic deasm:aacines of $i,mme. 1ad Bsoo. rogiserile a1 vo prin:ipa or 18 part ou smy imicresc dare om chirrv days pupiished necice, ot 105 and iateress” Laterest payeble withooc deduction of sey Federal Income Toz oo ia eacem oi 1% The Corparstien sgrces to e 10 resideat hciders on proper application cerehin Scate tazes a1 dekned in che ladesuce THE SEABOARD NATIONAL BANK, YORK, N. Y, Trustee 1321 Connecticut Avenue PROPERTY: The National Press Building i« 0 he erecred in Washingson. D. . nnd=- the auspices of the National Press Club whose members represent the lead. 188 news pablications of the wo-ld 1t is demgned o be tae nationa] headquarters of the Press and ta con- $5.000.000 First Morcgage 6% Sinking Fand Gold Bonds due December :st. 1959. The property has been appraised upon compietion by Mr John B Larner, President of the Wash.ngron Laan and TruseCompany. Co. adjoining its own plant in Plain- field, N. J. The transaction involves several hundred thousand dollars. raSt i, 1 3% 0% | STEEL HIGHEST SINCE JUNE. < T f e NEW YORK, December 9 (#).—The ATim' o new Alum, Co’ new” bt current price of finished steel has ad- ther vanced to the highest level since early June, the Iron Age composite price moving up to 2.453 cents a pound after standing at 2 ents for three weeks. The pi composite price ¢ fin remains uncl zed at $21 a ton, Pow & I 4 a5 which is 25 cents higher than 2 month Road Mach ago. Siuperp Am Supers pid Abeo M1z Ch A 5 Arundel As LIVE POULTRY STEADY. CHICAGO, December 9 (#).—Poul- try, alive, steas receipts, 5 cars: fowls, 18a25; spring: turkeys, 32; roosters, 16: ducks geese, 17a19. Money to Loan Secured by first deed of frust on real estate. Prevailing interest and commission Joseph 1. Weller First Mortgage Notes For sale Comsult us if vou acatiavie Tihds’ (08 vestmenc”® THOS. E. JARRELL ~mber Washington Real Estate Board 10th St. N.W. Main 766, Bt 2%, Gont i Court Square 3 it oy Building Thup € & R vte Duz Co AL il New York City sl " #i% | First (Closed) Mortgage 67 Bonds due Nov., 1958 This issue will be se- cured by an absolute First (Closed) Mortgage on a new 2l-story office structure and on the land owned in fee, situ- ated in the center of the City Hall district of New York City. There is an increasing demand for high-class office space in this location. Price 9934 and Interest To Yield over 6% Descriptive data with loca- tion map semt upon request or A-613. 1. Ford Mot Co Can 6 60 Fox Theaters A. 2K Garod Corp . 68 General Bak 150 General Bak ERORRE 3 $ Habiness ¢ § 1 Hazeltine, Corp 1 Heyden Chem . 11 Ind Rason Cor ‘A 7 Inter Contl Rub i st Conerete Ind Founded 1876 i ] 1 ] 416 Woodward Bldg. Washington | A 3 Roston New Vork Philadelphia Chicago Denver San Fiancisco Jchna-Manville 2 Jones Radie ... ate under eme roof offices iar rhe Washington representatives of practically zverv publicacion oLim porrance in the counrry. The bu:lding w a5 the permanent home of the Nations] Pr Orer one hundred and ffrv sigred lease ications have alreadv been approved by th- Board verners of the Nationa! Press Club, and space has been slor- ted coveriag the maior portion of the tetal cxpected rent income of che building. More rhan four husdred publishers and publications, cither direct!v or through cheir representatives. iaclading most of the metro- politan ncwspapers of the Unired States, are included b . togerher with various news services, as- asseciations, artornevs, erc The Fox Thearres Corporation has signed 1 chirry- fve vear lease for the theatre which is 1o cecupy the lower interior and rear portions of the building LOCATION: The Natiofal Press Buildiag will oc- cupy the corner of 14tk and F Streets, N. W, fronung approximately 15 fee: on F Stre=: and 159 feet on 14th Séreer, and coverirg substantially 42,98 square feet. This lecation is one of the most valuabie and central directly opposite the New Wil- a2 haif-biock of Penasylvaaia eaze of the Cenrral Executive Area House, United States Treasury, the State, War & Navy Departments and many other government bildings. BUILDING: The buiidiag will be a moaumentsl steructure of cleven staries, detigned in accordance with the views of the Fine Arts Commission. and will be especially suited for the purposss for which it is to be used Iz will contain over 200,000 square feet of rentable erea, exclusive of the thearre, seating approxi- ly s4ac, which will occupy the lower interior d rear perion of the building. The archizects for the buildicg are C. W. & George L. RappofChicago, 1ad the George A. Fuller Company of New York will be the builders SECURITYt These bonds will be secured, in the opinien of couascl, by 1 closed marigage on the land and building owned in fee, subject to an isue of There bamds ave o Bered when, as ond #f ivcned and accopred by us st $3.176.747. This valuation, sfter deducting the First Mortgage Bonds. Ieaves an equiry of $4,276.74 direcely applicabie to th:s issue of $1,600,000." A bond guaranteeing compietion, irec from al! | 2t 8 fixed price and within the time specified thevein. will be given with the George A. Fuller Company srd The United Seates Realty & Hpeavement Compasv s sureties. Fire insurance will be carried at all rimes for the full insurable valuc of the mactgaged premuses, to- gether with other usual forms of insurance, including rent insurasce. EARNINGS: Based on the leascs already signed and applied for, the earniags of the property are estimated by Chas_ A’ Jones. Esquire of Shannon & Luchs, Washington, D. C., to be 1s follows Gress Rental ek Operating Expenses, Tazes and Insurance o : Balanee available fer interest, Sinking Funds & Depreciation $ 330,000 Interest and Sinking Fund, Pirst gage 4 e 350,080 Balanee available for this jssue ¥ 50,000 Maximum Interest this issue . . e $ 112,000 These earnings, after deductiag all inceresc and » ing fund requirements on che Firse Mortgage Bonds, are equivalen: to over 4% times maximum inzerest charges on this issue and over two and omc-half times combined interest and sinking fund require- meats SINKING FUND: The morcgage will provide for a siakiog fuad payable monthly to the Truseee (in cash or bonds) begia December 13¢, 1927, calcalated to retire this eatire issue by maturicy, throngh purchase in the open marker, oc by call by lot at 105 mu&sfl P: The entirc commen stock of the uilding corporation (excep: directoes’ qualifyin, et el e AT tional Press Club. 31,040,000 000 ond whyect 10 the approval of cownsti. Ligal mattors m con- mctson with this 1irut are bemyg passed xpon by Messrs. Whese and Case and Harvey D. Jacob, Esqurre, for 1he Corpevtron md by Messes. Maston € Nichols for vbe Bomhoes. Price 100 and interest to yield 7% Stroud, Kurtz & Company, Inc. Transportation Building, ‘Washington, D. C. Love, Macomber & Co. New Yeork F.R. Sawyer & Co., Inc. Beston The matements prescored ebove, although nec uarsneeed, have been ebtnined rom sowrees which we coavider relisble aad socarat. I-S)NG and vai is ever alert Progressive ized experies Call or write for WTABLISNED 1883 Progressive Conservatism which meet the exacting requirements of Straus safety has developed a quality of cautious care in the judgment of S. W. STRAUS & CO. that can best' be described as conservatism. This cautious care is coupled with a spirit of progress which is never satisfied to let well enough alone, but ever watchful for new safeguardsto protect our clients. for the uniform record of safety and prompt payment of all bonds under®vitten by S. W. STRAUS & CoO. Our current list of Straus Bonds includes widely diversified and thoroughly safeguarded securities, available for imme- diate order or January reservation, yielding 5.50 to 6.40%. ried experience in underwriting bond issues to adapt methods to changing conditions, conservatism, long and highly special- nce and sound judgment, are responsible BOOKLET 744-G STRAUS - INVESTMENT BONDS CO. INCORPORATED & National Metropolitan Bank Building ‘Washington, D. C. ‘Telephone Main 5847 43 YEARS WITHOUT LOSS TO ANY INVESTOR