Evening Star Newspaper, February 9, 1926, Page 25

FINANCIAL. THE EVENING STAR, WASHINGTON, D. ©, TUESDAY, FEBRUARY 9, 1926 FINANCIAL. SOUTHERN GAS ANNEXES |GRAFT IN HOG TRADING |BUILDING PERMITS ARE | READY T0 PLANT COTTON. | FEDERAL- AMERICAN [|[™ First Mortgage Notes |, FOUR MORE COMPANIES CHARGED IN CHICAGO LARGEST EVER KNOWN |00 o ety e im ) FIRST MORTGAGE NEW YORK. February o | CHICAGO. February 8 W—Gratt| NEW YORK, February 9 OP— Dt s o avoit :t‘)hp:‘x'grm‘\l < /2 s Ry NATIONAL BANK For Sale : i 107 Southern Gas and n hog Gadi the Union Stock | Bradstreets reports that new bullding | completed. There will be little rednc- | F) | In Denominations of | Money at 5'2'/" pas cquired control of four additional | Yards amounting to thousands of dol- | sue anuary e | tion 1u acreage | RESOURCES, $14,000,000 (||} $100, $250, $500, $1,000 || Very Desirable Conditions gas properties, valued at $§1.59 lars was described in testimony given t ever recorded " (hat month. | e S —————— 1315 F Slree! i AND UP { y Gi 1 ncluding the e Utilitles Co. | toduy at a hea ¥ the United| enditures cities was | JOHN POOLE, President | 65? lntereSt Tyler &ri{::t'herford ;:f{*:x in l_nmx “eople ers and Stock Yards ad : ‘-’ ]“;""1;!;:. ‘r"it.GN in FOR SALE M T L Beeured on D. C. Real Estate Co. O A )] 21 and §21 i n January. * = s ! 5 Umon Flflfince Company oney 0 Loan Wm, H.' §‘h‘llnlfdu‘ Co., Inc. Loan Correspondent et . : o i s~ A block of thirty shares of pre- —on improved D. C. real cutete Streliae 4] i i it e "’: Been Stung Vet? ferred und thirty of common. o Frongting ot zetes Pratin I Strect - M“t“'INB:::E‘k L;fie Jm- Co. .o, o ior Some n—.mr ave to get srun{f xiuoq 5900 for the blocl(toyield 8 A courteous service. Minimum charges, Oaller write - | R anfair practices ints. Netore ||| Phone C. C. Balley, Cleveland 261 Gardiner & Dent, Inc. P L Lc IOIShve"';\Z“,' A;‘;s““e il e b = potdoa| one Main & North Carol! York and P SMOKED MEATS FAVORED. Main 4884 1409 L St. N.W., NO Les T0 ANY INVERTORIN 5 ! BACK DIVIDENDS HINTED. |+ YORK, Pebruary 9 (@) wvance in the § | an price levels, - — There is no safer form { ) R . . . KEROSENE ADVANCED. of iavestinent ‘than good : Lifetime i W YORK. February 8 (@).-— . 5 ’ e Y bfliling uten et neg- ST TORE. leh IR s o First Mortgage Notes, se- , ) Eoanrup o b B the price of horomene cured by twice their face 2 0 : | § 3 LU : a gallon. value in Washington resi- i dential real estate. Capital & ¢ * For the protection of your ’ property and dependents, have a Convenient amounts of $109 ) legally impregnable WILL aadap. : drafted now—and let it nominate S AND PH —on improved D. € ) 'm R RAT hia company 26 YOUR Executor any i property at prevailing ] Conference abowt uills invited. Lstadiehed 1007 | rates of interest. 2 HI7K Steet; Main 9300 ! : National Savings & Trust Co. : See Mr. Field 59th Oldest Savings Depository i Washington Cor. 15th and New York Ave. FIRST MORTGAGE NOTES On \Washington Real Estate are an investment secured upon Wash- ington Homes—uot on “Castles in Spain.” Thinking business men de- . /, i | . mand a remuncrative reality not a | Fll'bt L‘[Ol'tgagt‘ l.oalls [ ' - HOW BES1 ‘pretty dream.” They choose First . | | TO INVEST Mortgage Notes because they are On Improved Real Listate in the District of Coh safe and they pay an annual income andiheschy (Gubushs i Montgamery: Conty, Bar . APPLICA“ONS IN“TED FOR 3, 5 OR 10 YEAR PERIODS \Wisdom m the investment o1 Of— ! | for LOANS on wour surplus funds is readily 61/2% | 51/2%3:;.:".';:;;:.5..“ | IMPROVED PROPERTY I ishured thringhthe purchase Investment Department ON APPROVED SECURITY i m::“.‘:‘g:m‘“. R i e 61,9, FIRST MORTGAGES . H Apply i i Suburbe in Montgomery County, Md i 270 ;HANNON : &LUCH ;' RANDALL H. HAGNER & CoOMPANY | | ‘ I'hey protect vour principal 713. 715 7 3 N l $ fe real esta T Axed T13. 715 & 717 14th St. N.W. MORTGAGE LOAN GORRESPONDENT I 5i 0 il ‘ with safe real estat The fixed i i desirability of that property— Wains=at 1321 Connecticut Avenue Telephone Main 9700 il 11:11 ‘:]) .1 N AU e .5) nll')u” - INTEREST an he experience age i ment of this company—to i vether assure the regular pay- Eiest T t Mone E = = ,'fi"'y 5 H s ment of vour interest in full on i e | W omano | H. L. RUST COMPANY — Available for Both i ) LOAN CORRESPONDENT Building Loans and ' ‘ 2 ®se PRUDENTIAL INSURANCE Completed Properties i \ ‘ COMPANY ¢¢ AMERICA i B‘ 14‘ : SA U L CO X Recsonable Interest | | 912 15th Strest N.W. andCommission it i i i i | Mam 2100 925 15t} JAMES F. SHEA 643 Louisiana Ave. N.W. R \S REALTORS The New York Life Insurance Co. ! . 1412 Eye St. N.W. . {i Hedges & Middleton. inc. Will Buy— 100 Shares Common Stock . at $25 per share, or any ! | { i - . | part oreor. - Comenton | ] LIS American Home Products Corporation 223,000 Shares Capital Stock ! ; Capitalization Address BOX 470-8 | = . i Anthorema To be dsswea £ Caj b Star Office. . pical Stock (8o par value) L ......., seenncsoses . 100,000 sheres Mr. W_H. Kirs, Prosident of the Company, summarizes kis ketior 10 bankers as foliows: $6,750,000 Hinsry and Buriess . o The Americsn Home Produces Corporation has recently beea incorporated under Delaware inws by interests iden- Broadway—Barclay Office Bmldlng dfied with Sterling Products, Tnc. and Howschold Producta, Iac., together with interests connected with the Wyeth - Chemical Company and The Larned Compuay. The new Company has contracted to acquire (a) The Wyeth Chemical lw.wha;;::xn‘l;:ynd.ym mg‘l:;t;ummpm'firdfl and marketing “Jad's S.(lh:.-';:gfli.& i]gbv. o‘:" c'?.,mh:' NEW L - other owA proprietary medicines; itehall arm i L ; (owning the Larned Company) producing and marketing “Hills Cascara Bromide Quinine™; (c) Deshell Taborateits STEhaEi B First Mortgage 6% Smklng Fund Gold Bonds i Inr:i, "',"“'“‘d'“"" of “Petrolagar™; (d) the business of Edward Wesley & Company and of the Teldent Company, z H adk “F " “Hair Groom". ’ - ; First Mortgages Dated: Feb. 1, 1926 Due: Feb. 1, 1941 i Sl e Hatisheed o a0 b.:: : e et s:.“ :my::n Sales of Pm.hn '.:::4 priacipal and interest of whichare || Interest Coupons Due February 1 and August 1 from $200,000 in 1923 to $1,500,000 in 1925. . GUARANTEED et ol S i ”Mmuhctunng plants ":fllmmd n"la'“A:'d;. Cincinnati, Chicago and Dewoic. Concentretion of she adver by an eutstandiag | <. Connecticur, Pennsyivaass and Vermons, 4 milletaxes. Maryiaad 414 mill i BN S e o eficct v remdl s socal cxpondicare. tax; District of Columbia $ mills tax; Virginia 5% mills tax; and Massachu- H - SURETY COMPANY set.a Seate Income Tas met 05 exceed 6%, refunded upon proper spplication. : Earmings May be purchased if de- H sired on Morris Plan of | 1. A closed first mortgage on a 42-story building to be erected at once on 3 co:;p.r;iu, :'t:. eomb?::dfl:.ri';.:i:o euh- :::::: ,':.f’.fi'm ymod: CZ“JIR'. ‘:;u.fit‘:n their '5:... are .,: deferred payment and | the corner of Broadway and Barclay Street, New York City, and i below, both before and after adjustment to give effect to elimination of interest on notes payable not ..w,a,flim 5% paid on installments land. Completion of the building is guaranteed. 1 H ination of income on securities not acquired and adjustment of officers’ campensation to new salary schedule together THE M 2. The location is exceptional, across the street from the Woolworth with dlll;nlholl of other non-recurring charges and including an estimate for December, 123, of one group to the onms Building, fronting the Post Office, and overlooking City Hall Park. i J ’ rgn5 193¢ 1995 ¢ 19e2 Sosi PLAN BANK 3. Rental surveys indicate vacancies in office buildings in this district of Net Exmings afer Tasen T ITISATT 904339 630,863 $4758 Usdar Supervision of U. 8. Treasury only 3%, and in the entire down-town district of only 4.1%. Most build- i > er:c'u': T:;” and after elimination of non- . ] ings in the neighborhood are old and there is urgent need of a new i Per Shmng. . "'n i - $oibiso $heaflo Solrgrt Mrand $soels .38 2.80 3.32 g high-grade office building in this locality. o o i i -’j 3 ) ’h $3 SM;’ $1.70 H e management will inaugurate dividends on t ck at 4. Appraisals from independent sources place the value of completed i on or before May 1, 1926 E o pucaliatclt;at ithe oate/oe So st iy, Saxg Aniaisy building and land at $9,119,000. l: Management 5. Net carnings are estimated at $850,500, more than $325,000 in excess i The President of the Company, Mr. W. H. Kirn, has been for the last two years, President of the Larned Company of the greatest annual principal and interest requirements. : and previously for twenty-five years, was connected with the Parke-Davis Company. The Vice-President, Mr. Stanley H P. Jadwin, has been for the past seventeen years, President of the Wyeth Chemical Company and its affiliated concerns DENOMINATIONS: $1,000, $500 and $100. H gfl also 2 Director of Sterling Products, Inc., Mr. {:hn F. Murray, Se il e re Company, has H General Manager of the Wyeth Companies for ¢ t seventeen years. Board of Directors includes these PRICE: Par and accrued interest to yield 6%. officials and A. H. Diebold, President of Household Plvdu‘::, Inc,L.B. g«k'ld\, Director of Sterling Products, Ine. A ! 5 Copper Call or write for circular G-106 H .b?:':i :TV‘:‘:.M Products, Inc., Hunter S. Marston, of Blair & Co., Inc., Bankers, and Alfred R. Meyar, of Horn- Minin g Co. i The Straus Hallmzrk on a bond stamps it at once as the premier Assets e i real estate security. H The pro forma balance sheet of the new Company, as certified to by Messrs. Ernst & Ernst, shows curreat assets Convertible 7% Debentures of $1,772,623.60, compared with current liabilities of $467,706.16, leaving net working capital of $1,304,817.44. Net % Paid) rangible assets including net quick assets amount o $1,548,343.45. The foregoing figures are without giving any vahie rmwru::;: Jee. ; . “ STR U CO i to the goodwill acquired through the expenditure of over $7,500,000 for advertising during the past five yeazs alone. P Dbt s 2 INVESTMENT BONDS ’ ~ % . =sTABLBEED 1882 v RATED : Aoy et vcoRROl i We have sold the above 225,000 shares at $26. 50 per share : 5 929 FIFTEENTH STREET Telephone Main 5847 . WaSHINGTON HORNBLOWER & WEEKS BELL & BECKWITH = | 44 YEARS WITHOUT LOSS TO ANY INVESTOR The National City Company ||! The foregmng atatéments are obtained from official sources and are believed to be correct. ‘Washington—741 15th St. N.W. H Telophone—Main 3176 | l | e S S RS B e oseusentonsssassssessasntetsetscentaasanesaasssnessesensiesrassreses ._____J (0 ——— 0] Price to yield about