Evening Star Newspaper, December 17, 1925, Page 31

FINANCIAL. Morey to Loan i Secured by first dead of trust on real estate Prevalling interest ail commission | Joseph I. Weller First Mortgage Brokers Clarence L. 0'Donnell, Mgr. Mortgage Dept. RUIZ COMPANY ] 14th & K The New York Life Insurance Co. Offers to Make First Mortgage Loans On Improved Real Estate in the District of Columbia and SECOND TRUST NOTES Nearby Maryland Suburbs for 3, 5 or 10 Year Periods. Funds availabis for the par. ehase of all kinds of second trust notes. secured on D. C. or nearhy teal estate Promps action in avery case Main 9080 0400000090 & Washington Investment and Transactions Co. 15 14th St. N.W. Maln 36a3 < Lo a2 2222 22222 22 "Loans Made || 2 e 5150 750 to Builders ON APPROVED SECURITY i OF INTEREST Apply | FLOYD E. [AVIS COMPANY | p snr-aLL H. FAGNER & COMPANY o 733 S & | ‘353, | MORTGAGE LoaAN GORRESPONDENT First Mortgage Notes 1321 Connecticut Avenue ‘Telephone Main 8700 For Sale In Denomina $250 to §1,500 Secured Approved e NATIONAL BANK months Y RESOURCES, $14,000,000 Address Box 206-D 1318 F Street Star Cffice JOHN POOLE, President $oe0 VIR ALY AR R Congressional Country Club, Washington, D. C. Six Per Cent First Deed of Trust Gold Bonds, dated December §, 1923 To the holders of the above bonds The undersisned ss trustes. under the indenture dated December 1. 3 socuring the above bonds. hereby gives notice that twenty-thousand ($0.000) ollars in_cash is available for the purchase for the Sinking Fund of so many of waid bonds ax shall be tendered and accepted for purchase at prices not to ex- ceed one hundred five per centum (105%) of the princivel amount thereof. and Gecrued interest from December 1. 1925, to January 26, 1026, and tenders of bonds are hereby invited Tenders of such bonds. with counons due on and after June 1, 1026, at- tached thereto, should be ma‘e at & Drice not £0 exceed one’ hundred five per centum (1057%) of the princinal amount thereof and accru o vored ' the’ Cily ot Washington. District of Cojumbi R - o ington. District of Colum! B s "Nation Washinewon, D C.. 15 = NSRRI, National ational | Santa Claus Is Wise In the District or Galiabn —when he bestows such an eminently practical Xmas present as a SAVINGS ACCOUNT upon a boy or girl. It'll srow along with the recipient, and amount to a he'pful sum by the t'me there’s a college training to finance. fXmas Savings Accounts may be opened with as little as One Dollar. Ymas Money Cabled to Europe and Elsewhere - NATIONAL ‘ METROPOLITAN & BANK 15th St., Opposite U. S. Treasury lone and mar] al Country . D. C.. 8ix Per Cent First Deed of Trust Gold Bonds, dated De- 1. 1923, for the Sinking Fund." Only tenders recetved before 3:00 p.m.. January 26. 1926. will be considered. and as moon as posainle thereafter announcement will be mads of the amount of the tenders then sccepted. The right is reserved to reject any or all tenders. The Riggs National Bank of Washington, D. C. As Trustee By William ]. Flather, Vice President Washington, D. C., December 17, 1925. | bR eRR R NIRRT RR/RARIR TR ONLY A FEW DAYS MORE —and Christmas of 1925 will be gone. Why not save out a few dollars and join the ranks of the CONSERVATIVE INVESTORS and place some of your funds in FIRST MORTGAGE NOTES. . Your money will be safe, pay you a liberal re- turn and relieve you of all worry in the future. We Have Just Installed the Latest Model of TRANS-LUX TICKER PROJECTOR You are cordially invited to visit our board room Ask Our Mortgage Investment Department for Literature ON: & LUCH 713-715-717 14th St. | Main 2345 for inspection of this machine, which marks the great- est advance in the display of stock exchange quotations since the invention of the ticker. EASTMAN, DILLON & CO. FINANCIAL, 6449% and 7 270 an . First Mortgage Not i GEO. W. LINKINS 1733 De Sales St. Established 1886 l.mlol(o Iw{ofl" INC.. First Mortgage Bonds DENOMINATIONS: $100.00 to $1,000.00 HIRG SRR, B REAL ESTATE LOANS S17 B R | RESIDENCE LOANS AT LOW RATES FRED T. NESBIT | NVESTMENT BLDG. 9392 quicklytrade for | v udehaker { Power Durability Finish | Al of these bonds having been sold, this advertisement appears as a matter of record $5,000,000 “National ‘Press ‘Building WASHINGTON, D. C. National Press Bailding Corporation First Mortgage Six Per Cent Sinking Fund Gold Bonds (Closed Morgage) Dated December 1, 1925 Interent 1 end December 1, at the offce of the without deduction of ey SO0 vk $350. hrong o the P b2 mills tax, Kentocky and District of Columbia five mills taz, Michizsn facome tax wet to emcesd six per cest to resident bolders wpon timely The following is swmmerissd by Mr. John Hays Hommond, President of the Corporation, from his letter to the bemkers: B"i‘dh': ‘The National Press Building. the largest .ninldy owned office structure in Washington, D. C., is to be erected by the e National Press Building Corporation, commoa stock of which is owned by the National Press Club, incorporated under an Act of Congress, the membership of which includes representatives of practically every news publication of importance in the world. The building will be 2 monumental strcture of eleven stories, designed in accordance with the views of the Fine Arts Commission of Washington and will occupy the so:heast corner of the intersection of two of the most important business streets of Washiagton, D. C., 14th and F Streets, N. W., whice is the site of the old Ebbitt House. The location is one of the most valuable, sad offers the finest retail store space in the City of Wiehington. Secyrrity: This issue will be secured, in the opimwn of counsel, by a closed first mortgage on the laad and building. owned in fee, the plot extending approximately 150.6 feet on Fourteenth Street and 269.2 feet on F Street, N. W., Washing- ton, D. C.. snd having a total ground area of about 41.837 21!-!! feet. The property has been appraised upon completion by Mr. Joha B. Larner, President of the Washington Losn and Trust Company. as follows: Land S0.0Y;SOO: uilding $5.239.247: Total Valuation $9.276,747. Based upon the above appraisal. this issue represents less than a 54 per ceat mortgage. The George A. Fuller Company will erect the building in sccordance with approved plans and specifications and will complete the mme, free from any construction liens. Ia addition, the United States Realty aad Improvement Company. New York City, will gusrantee the completion of the building. Farnings: Basd oa leases already signed and applied for, the earnings of the property are estimated by Mr. Charles A. Joses ———————— of Shaonon ® Luchs, Inc., Washington, D. C., to be as follows: 210,000 Gross Rental. .. ~ Operating Expenses, taxes and insuran Balance cecsessene ttesessass.. $ 830,000 Maxzimum annual interest ch: ... $ 300,000 The Fox Theatres Corporation has leased the theatre space at an annual rental of over $212,000 for 35 years. This reatal is more than sufficient to pay full operating expenses, taxes and insurance on the completed building. Over 150 publishers, including most of the important metropolitan newspapers of the United States, news services, trade aseociations, and their representatives, have already signed lease applications and have been allotted space in the building. Additional applications bave been received for the remaining waallotted space, including the ground floor stores and basement. which applications are more thaa suficient to fill the eatire baild- iag upon completion. The tion of a monthly Fund December 1, 1927, through redemption, lot 4t the then call price, will rcduce the amount of is appraised value of the alone within sixteen years of the date of this issue and retire These bonds are offernd when, 2 and if imued and received by ws and subject to the spproval of cowmsel. Cane, and Harvey D. Jacoh, Esq. for the Corporatics, sxd Mesws. Chapmas, Cutir asd Parker, Price 99V and Interest to Yield over 6% ——— P. W. Chapman & Co., Inc. Blyth, Witter & Co. White, Weld & Co. This informetion sad thew statistics. while 8ot guarsateed, bave bers takex from murce believed te be refinble. second Floor, Transportation Blde. Main 9999 Washington GRADUAL INVESTMENT Members New York, Philadelphia and Pittsburgh Stock Exchanges & To the man who wishes to build his investment resources gradually, we offer the principal and income provision of our 6'2% FIRST MORTGAGES With but a small initial pur- chase of these—arranged into convenient periodical payments if you wish—you can lay the foundation of your financial strength, adding to it as your facilities permit. Meanwhile your principal remains thor- oughly safeguarded; your in- terest income is paid you with prompt regularity. New York Reading Pittsburgh Pottsville Philadelphia Lancaster Allentown APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Ozer o Quarter Located in the District of Columbia and adjacent Subwrbe in Montgomery Ccuaty, Mé& Century Without o | INTEREST SApply to H. L. RUST COMPANY LOAN CORRESPONDENT of a Tn amounts of $250 up. "B. F. SAUL CO. Main 2100 925 15th St. N.W. ®se PRUDENTIAL INSURANCE COMPANY ¢r AMERICA 912 15th Stioet N.W. Main 6883 Don’t Be A Sisyphus! ISYPHUS, according to Greek leg- end, was condemned to an eter- nity of rolling a rock up hill. His story has become a classic illustration of hard, Investigate the unremittent toil. The man who makes no provision for the future faces a lifetime of just such profit- less toil. firm with whom you deal as closely as the 'property which is offered— But the man who invests regularly in First Mortgage Notes at 61%4% per an- num, surmounts the obstacles barring his way to comfort. . e e 727-9 Street. NW WishingonDC _—our reputation will prove of interest to you Hedges & Middleton’e REALTORS 1412 Eye St.NW. Franklin9503 56 Years Without Loss to An Investor AN NI SANAT TN 1, NEW ISSUE 100,000 Shares Life Savers, Inc. THIS STOCK IS BEING BOUGHT FROM INDIVIDUALS AND INVOLVES NO NEW FINANCING FOR THE COMPANY Capitalization Pre.en:/s Autkorized To be Issues Common Stock (no par vaiue)... ee0vn o Shs. 590,000 Shs NO FUNDED DEBT NO BANK DEBT NO PREFERRED STOCHL Mr. Edward . Noble, founder of the business, summarizes his letter to Bankers as follows: History and Business Life Savers, Inc., to be formed under the laws of New York, will acquire the business started by myself and assoc ates in 1913, with $3,800 of cash capital. The business has been built up to its present proportions entirely out of -arn- ings and has distributed liberal dividends to sharcholders. Since 1921, sales have shown a steady and substantial in- crease in every year. The product responsible for this growth is “Life Savers,” the scent package confection produced in six flavors and now known in practically every civilized country of the world. Since 1916, over $5,000,000 has been spent to famifiar ize the public with “Life Savers,” and the current advertising and sales development expenditure is over $1 annually. During 192, the production and sale of hard candies known as “Life Saver Fruit Drops” was commenced. Without the aid of any advertising the sale of this product has shown a steady and substantial increase. With adver- tising expenditure it is expected that sales from this product will duplicate the results shown in the past by “Life Savers.” The modern fireproof plant located at Port Chester, N. Y., to be taken over by the new Company, contains over 85,000 square feet of floor space and is equipped with the most up-to-date automatic labor-saving machinery, especially designed to meet the needs of this Company. This permits the large current production with only about 300 employees. Sales and Earnings The product is sold to over 8000 jobbers and dealers in the United States. In every year since organization, the present Company has shown a profit. Net earnings of the present Company, after allowing for Federal taxes, and after deducting income from investment securities owned but not to be transferred to the new Company, as certified by Messrs. Ernst and Ernst, and the sales of 5-cent packages have been as follows: Sales of Net atter Nntr Share Year S-Cent Packages Tazes of w Laat 1925 (10 months). 129,005,000 $914,698.56 1924 coe vin 137,030,000 910,701.45 1.82 1923. . 108,635,000 632,674.69 1.26 498,147.92 99 1922. . 83.6::::000 The above earnings do not include any income from the Canadian business which is expected to earn over $to,000 in 1925 and which will be acquired by the new Life Savers, Inc., through 100% stock ownership. Based on orders on hand and shipments made since October 31st, final net for this year is expected to be $1,9¢0,000, or $2.10 per share. It is intended to place the stock on 2 $1.60 annual dividend basis. Assets The plan for the acquisition of assets and liabilities of the present Company provides that, as of January 3, 1926 after giving effect to this issue of 500,000 shares of stock, current liabilities will include only current accounts payabie for purchases recently made, that inventory will be at cost or market, whichever is lower, and that net quick assets shall amount to $500,000. The American Appraisal Company has appraised the present sound value of the fixed assets of the Company to be in excess of $1,200,000. The proposed capitalization is based on earning power. Net tangible assets, taking ner quick asscts at contract figure and fixed assets at present appraised value and including investment in Canadian subsidiary and other assets, amount to $1,725,000. The management of the Company will remain in my hands. 1 and my associates will retain over a 7% interest in the Company, which may be increased through an option to purchase for cash from the Company at the close of 1926, the 50,000 shares of unissued stock, with a resulting gain of working capital. $1.83 (emenide) We have sold the above 100,000 shares at $21 per share " HORNBLOWER & WEEKS The foregoing statements are obtained from official sources end are befieved to be correct. sk s