Evening Star Newspaper, January 5, 1926, Page 25

TI\ A NCIAT. THE EVENING STAR, WASHINGTON, D.. @, 192s. JANUARY 5, TOUBSDAY, FINANCIAL. SUGAR FROM CORN GAINING IN FAV[]R;' Farmers Seek New Markets; for Surnlus Products to Boost Incomes. 1C-OMING STEEL MEETING AROUSES SPECULATION NEW YORK. Jar wry 5 )| snts this | district | Al WILGEIN | UNION DISCOUNT €O.. INC.. OF NEW YORK First Mortgage Bonds DENOMINATION:! $100.00 to $1,0 SAFE | 6149%, and 79, First Mortgage For Sale GEO. W. LINKINS 1733 De Sales St. Established 1886 otes PERIODICAL PAYMENTS It is not necessary that you be in position to purchase these securities outright, to derive the principal and interest fea tures of our 629 FIRST MORTGAGES Capital and Surplus $2.,000.,000.00 lt‘ Often Happens i BY 4 C. ROYLE . - - BALTIMORE GROWING | A Washington s s e B v, B i oo , Sl RAPIDLY IN SHIPPING" Business Propert\' vou can apply them as partial 5 1 Y is known for its in- St payment on our Mortgages. In : ey - s e e e Natlonal Savmgs & Trust Co. “ o1 guard your principal with sound i,&h Oldest Savings Depos i S v: real estate security, but regu S Cor. 15th and I\ew York Av» | \4: larity of your interest pay | “ ments is assured. i 5 X boined i In Amounts of $250 and up | IV + LOGNDON GETS BRAZIL'S Hedges & Middleton}f | | | APPLICATIONS INVITED L iyl Rea | B.F.SAUL CO. ||| forLoANS on | o s 112 Eye St. NW T unkltn95°3 | — et IMPROVED PROPERTY l am 2100 925 15th 'St SN | = ‘ Located in the ‘ District of Columbia and adjacent | ! { Subwsbe in Montgomery County, Mé 1‘ rc | | ) | 55 % g A LEGAL INVESTMENT FOR TRUST FUNDS IN PENNSYLVANIA INTEREST A First Mortgage Notes | Pennsylvania Four Mills Tax Paid Ay e ’ st H. L. RUST COMPANY i 08, 525(\,\.. ' e LOAN CORRESPONDENT ’ 6% Interest ®4e PRUDENTIAL INSURANCE ' w H S 2 \‘ll (‘:""‘ ‘, COMPANY ¢fr AMERICA ! Mellon's Comment. Significant m. H. Saunders Co., Inc. || 912 15th Street N. W. Main 6888 y 1433 K Street ‘ } I | | | START THE NEW YEAR Right by Investing in Our 612% FIRST MORTGAGE We will gladly receive Loans on Washington Real Estate Current rates of interest. Jflh( 2 139 ilq n(n k! 'Ms J anuary Investments ¢ HIGH-GRADI First Mortgage Notes i Pittsburgh Webster Hall N. W Corner Fiftb Avenue aud Dithridge Street PITTSBURGH. PA. Should you have Money to Invest —we can also take car vou. Our expcrience, ex- tending over a period of Thirty-Five Years MORTGAGE INVESTMENT DEPARTMENT [SHANNON: & LUCHY of lr:m ¥ RATE FRED T. NESBIT INVESTMENT BLDG. Main 9392 insures vour protection. Percy H. Russell Co. 926 15th St. N.W. Money to Loan ‘ FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street I_ JOHN POOLE, President J FIRST MORTGAGES FOR SALE . Denominations of $250, $500, $750, $1,000 and Upwards V2% All Loans Made on Property Located in the District of Columbia JAMES F. SHEA 643 Louisiana Ave. N.W. 1926 Send for our JANUARY offering sheet --a list of more than ninety issues for first- of -the-year investment. The National Cit Company Washin The New York Life Insurance Co. Offers to Make i First Mortgage Sinking Fund 6% Coupon Gold Bonds BUE: DECEMBES 1. 1940 We summarize as follows from a letter o) Peter A. Miller, President of the Webster Hall "orporation of America, the Borrowing Corporation on this issue, and from data compiled in our own investigation: Mortgaged Property: These bonds are a direct closed first mortgage on land in fee at the Northwest Corner of Fifth Avenue and Dith. ridge Street, Pittsburgh, comprising approxi mately45,000squarcfeet,togetherwitha9.story and super-structure re-inforced concrete fire. proof hotel building, now under course of con- struction, including furniture and equipment Completion free and clear of all prior liens is unconditionally guaranteed to the bondholders Location: The location is in the Schenley Farms Section of Pittsburgh, the finest residen. tial district of the city, and is less than fifteen minutes from the downtown business district. In the immediate vicinity are clubs, apart- ments, hotels and private residences of the highest character, and almost diagonally across will be the 52-story “Cathedral of Learning”, projected by the University of Pittsburgh. Rental Demand: Webster Hall will be the only building in Pittsburgh, available to the public, providing club residence facilities for men. The success of such residences in large cities fW,established by like structures in New York and Chicago, and by Webster Hall in Detroit, owned and operated by the borrowing corporation in this instance. Valuation: The land, owned in fee, completed building, furniture and equipment have been independently appraised as follows: Towal Value Appraisers Completed Property C. C. McKallip & Co., Pittsburgh, Pa. $2,400,000 Freehold Real Estate Company, Pittsburgh, Pa 2,476,025 The net annual earnings, after all deductions and with liberal allowances for vacancies, are estimated at $201,335.70. This sum is more than $60,000 in excess of the greatest annual Lnterdest and sinking fund requirements com- ne Legality: These bonds are the direct obligation of Benjamin M. Harris, and in the opinion of Messrs. Reed, Smith, Shaw & McClay and Messrs. Weil, Christy & Weil of Pitts! h, Pa., are a legal investment for trust funds under the laws of Pennsylvania. Sinking Fund: Underthe operations of a sinking fund, $726,500 of this issue will be retired in annual installments from December 1, 1928 to December 1, 1940, leaving a balance to mature ‘on the latter date of $923,500. Taxes: Provision has been made for the pay- ment of the Federal Income Tax up to 2%, and the Pennsylvania four mills tax. Denominations: $1,000, $500 and $100. Price: 99% and interest to yield 6.05%. 713, 715 and 717 14th Street N.W. Call Us Up for Details l i CONFIDENCE IN SMITH BONDS Is WORLD-WIDE Select these time-tested investments for your January funds 53 YEARS of Proven Safety THE F. H. Smith Company, founded in janu- ary 1873, has completed 53 years of con- tinuous service in the field of first mortgage in- vestments without loss to any investor. Smith Bonds are owned now by investors in every State in the United States and in 30 countries and terri- tories abroad. This world-wide confidence in Smith Bonds is the result of 53 years of proven safety—53 years in which every cent of principal and interest has been paid promptly on the date due; 53 years of freedom from worry, delay or loss to any investor. For your January funds, Smith Bonds gne you this proven safety of 53 years with the liberalinterestrateof 7%. $1,000, $500 and $100 denominations; maturities from two to ten years. Our new book-{ lets will be mailed upon receipt of your name and address on the form below. THE F. H.SMITH CoO. First Mortgage Loans On Tmy Nearhy Write for circular 103-G SW. STRAUS & CO. ESTABLISHED 1882 INVESTMENT BONDS INCORPORATED 929 FIFTEENTH STREET ved Real Estate in the District of Columbia and Maryland Suburbs for 3, 5 or 10 Year Periods. Clhe STRAUS HALLMARK. on a bond Houses Business Properties Apartments Office Buildings 5% elephone Main stamps it ON APPRO:’EI; SECURITY Qflux&'&gfi s p - il RANDALL H. HAGNER & COMPANY 44 YEARS WITHOUT LOSS TO ANY INVESTOR trmtl, z.rtat‘er S o S oo MoORTGAGE Loany GORRESPONDENT Telephone Main 9700 NO LOSS TO ANY INVESTOR IN 53 YEARS 1321 Connecticut Avenue