Evening Star Newspaper, February 11, 1926, Page 31

FINANCIAL, Heavy Egg Shipments Due as Roads Improve—Large Vegetable Supplies. were in evidence in! whalesale | States Jam « ets and houses this morning. Outside, was piled b enough greatly to in terfere with traffic displavs of frui numerous varieties, si Eummer weather Hanlers of eggs, conntry butter and ' produce from nearby Maryland and Yirginia were not much in evidence this morning. the heavy . keepi snow etables nf high wind i wring. however, and prices wers affected i~ expected many of them will he ahle to reach here Saturday with larze ronsignments o ue N0 sibly enouch to merchant this glight advance © York and Chic advance was s market Today's Wholesale Prices. vas iffecter] e-pound prin v fair qualits demand RAIL MERGER ket fairly steady: Florida, r ors, best, mostly 60, few high roat baskets, ordinary quality, mostly 3.00. WALL STREET NOTES. YORK, February 11 (.- hoiders of the American Bosch Mazneto Co. at their annual meeting April 15 will he asked to approve the e of the company’s sta | By the Associated Press. \ MAY C. & 0. Preferred Stockholders Ready to Act if I. C. C. Favors Combine. NEW YORK, February 11.--A new ntest against the proposed Nickel ate merger sponsored by the Van with the com- equal nting rights in the mon, w new’ amalgamation. HIT ANOTHER SNAG! - QUARTER OF NET PAID IN TAXES DURING 1923 NEW YORK, 1. Incorporated business enterprises in the United States during 1923 paid out February more than a quarter of their met in- | ¢« Federal, State and local taxes, tional Industrial Conference announced yesterday. ‘The board’s survey showed that the enter | prizes in 19 ted an aggregate 000 and paid SENATOR DILL LAUDS NEW BUSINESS SPIRIT Special Dispatch to The Star. BALTIMORE, February 11.—Co- operative spirlt in business s contrib- | uting more than ever hefore toward the progress of the country. &enator C. C. Dill of Washington State, de- clared in an address here hefore the Traffic Club Tuesday night. The finest example of this. Senator DIll pointed out. is the step taken by ralivond presidents and heads of the labor unions in proposing a ‘“‘treaty | of peace™ to he embodied in & new law | dealing with raflroad lahor disputes. | He praised the co-operation between B nd employes of the Baltimore | and Ohio Railroad and said other roads could profit by using the same meth- ods in dealing with emplo GASOLINE ADVANCED. NEW . YORK. February 11 (.| An advance of one-half cent a gdllon | in the price of railroad tank car gaso- | line at New York. Philadelphia and | all Atlantic Coast terminals was an. | nounced vesterday by the Sinclair Re- | fining Co. The new price is 121y | cents. i FIRST MORTGAGE | The New York Life Insurance Co. Offers to Make First Mortgage Loans On Improved Real Fstate in the District of Columbia and Nearby Suburbs in Montgomery County, Maryland FOR 3, 5 OR 10 YEAR PERIODS. Apartments while inside were | tive only of jad 1 that the local | nd battery ignition sy 5 A e tre Tite O 1l district to be under consideration Production of slah zine in the United | by the preferred shareholders of the increased to 36,380 | Chesapeake and Ohlo Railvoad in the I« { tons the month be. |event' that the decision of the Inter- < output was 4,597 tons, | state Commerce Commission is fa- s | vorable. ~ Wall Street expects the Manufacturing Co. is | commission’s report will be ready nal looms in its mills|in about four weeks. The contention. w ed incrensed production | it is said, will e hased on the zronnd that the preferred stock, which has tem te of raven fabries, " MONEY TO LOAN —on improved D. C. property at prevailing rates of interest. See Mr. Field TO HELP YGCU BUILD FFor more than a quarter of of a century the securities which we have offered have helped investors build their financial structures. Our market | || maostly 7.00; few lo h- Supplies heav ket dull, o cha nushel haskets 1 w hizher: o veneer bart California. cr Tomatoes—Supplies moderate, market steady Bahama Islands repa Cuba and Ked 6=, ripes 2.00: choice femand | | baskets, W and cu and ba, 0 de LOANS T REAL ESTATE 519% rishite RESIDESCE 10A AT oLew ! RA FRED T. NESBIT ” INVESTMENT BLDG. Mnin %302 First Mortgage Bonds arire for Booklet N°1 The E 1. Smith Co. 0 S5 NO Loss TO ANY FOR SALE Union Finance Company \ block of thirty shares of pre- ferred and fhirty of common. $950 for the blocktoyield 89, Phone Cleveland apreved D, ©. Money To Loan interast rates rvice. Mimmum el Gardmer & Dent, Inc. Main 4854 1409 L St. NW. ~ Money to Loan | | | | | | Sacured by first deed of trust on real estate, | Prevailing _mterest and Joseph 1. Weller FEDERAL- AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President commf First Trust Money | ON HAND —Available for Both Building Loans and i Completed Properties ' Reasonable Interest andCommission JAMES F. SHEA 643 Louwigiana Ave. N.W. 61,% FIRST MORTGAGES Ounarter of a help build your financial strength with unquestioned principal-protection. based on sound real estate value, and definite assurance interest income regularity. Century Without a Loss of F. SAUL CO. 925 15th-St. N:W. B. Main 2100 _. A GREAT OPPORTUNITY o for the few who act quickly " A woaderful New Bank Machine Iavention that does the work of a Bank's Recelving Teller—Assorts and adds money— Records the entry on the Dep Pase Book, at the same lime making out the usual deposit alip. A small issue of stock, limited 1o $500 to one person and open only to a few in a community. Stack in a patent holding cor- poration, not subject In the usual uncertain ties in business conduct and hazards of business building, bul ane whose income is B derived through royalies T pportunity #7is for the intelligent .- thinking. slor vhe i seeking the fillest return on an investment Any amounl accepted up to $500. Address: Bankers' Automatic Thrift Machine Ce., 1301 H St. N.W.. Wash,, D.C. A Business Prop- erty Investment %must be considered from all angles. Its lacation— future possibilities and de- velopment 1wl de- termine and regulate ils income. | Hedgeg & M\jddeton® ' 112 Eye St. NW Franklin9s°3 Q 7 per cent, in| | tayes. ! | The amount pald in taxes was near- |1y two-thirds of the amount paid to First Mortgagé Notes | stoekholds in cash dividends. e For Sale 1 In Denominations of 3000600000000 6002 'S UNLIMITED FUNDs &| $100- $250, $500, $1,000 637 Interest | ® Available_for cod on D. €. Real Eatate ! FIRST TRUST -~ CONSTRUCTION LOANS Wm. H. Saunders Co., Inc. Fatablished 1887 Anply Our Loan Dept N. L. Sansbury Co., Inc. e Main 1016-1017 Money at 5} Very Desirable Conditions Granted | Tyler & Rutherford || Loan Correspondent | Mutual Benefit Life Ins. Co. Newark, N. J. 1018 Vermont Avenue Phone Main 475 1118 Eye SLN.W." Main 5904 New lssue 15,000 Shares The Pennsylvania-Rosslyn Warehouse Company, Inc. WASHINGTON, DISTRICT OF COLUMBIA Class “A” Common Stock Fxempt from present Federal Income Tax Mr. Robert L. Taylor, President of the Company, has furnished us with the follow- ing information: BUSINESS: The Pennsylvania-Rosslyvn Warehouse Company has been incorpo- rate’l under the laws of the State of Delaware to carry on the business of storage and warehousing. general warehousing in all itz several branche: o construct, hire. purchase, operate and maintain Warehouses. railroad sidings, convevances for the trarsportation by land or water, and to make advances or Inans upon the security of goods stored with the company. PROPERTIES: The Pennsylvania-Rosslyn Warehouse Company has acquired ap- proximately Seven (7) acres of land at Rosslyn, Va., adjoining the Pennsyl- vania R. R., within the two-mile radius of 15th and Pennsylvania Ave. N. W. at present improved with One (1) modern warehouse, having over 11,700 sq. ft. of floor space, and one (1) steel. brick and concrete fireproof ware- house (now under construction) having 10,000 sq. ft. (both of these have been advantageously leased for a term of years). Railroad spurs, loading platforms, etc., which provide every desired facility for the operation of economical stor- age, and speedy distribution of merc handise, automobiles, etc. BUSINESS OUTLOOK: An exhaustive survey of the existing railroad ware- house facilities in the territory served by the Pennsylvanie. R. R. in the Wash- ington area; its growth in favor with shippers as an important southern dis- tributing centre and following the receipt of a steadily increasing number of inquiries for warehousing space and service has led the Company to enlarge and extend the present trackage and to erect additional warehouses, as leased. There is ample space on the property for the erection of numerous warehouses and possibly light manufacturing buildings all having railroad ridings, and permit of heing designed to best suit the requirements of the essee. . EARNINGS: On the basis of the present income, it is believed that these shares offer a first class husiness man's investment. combining safety of principal with the likelihood of unusual profits. The officers of this company are draw- ihnx‘nn salaries and will not do so until the company is en a dividend-paying asis, MANAGEMENT: Managerial personnel will include men well versed in the ware- housing business. The Board of Directors comprise: Mr. Robert L. Taylor, President the R. L. Taylor Motor Company; Mr. Herbert H. Smith, Vice Presi- dent and Treasurer, Continental-American Finance Company; Mr. James A. Purcell, Attorney-at-law; Mr. Powell Browning, Browning and Baines, Inc.; Mr. F. S. Meeks. of S. J. Meeks’ Son Co. CAPITALIZATION: Upon completion of this financing, capitalization of this company will be as follows: Authorized: Outatanding: 20,000 shares 8,000 shares 10,000 shares 7,000 shares This offering iz made in all respacts when, at and If {ssued and aceepted by us and subjeet to the approval of counsel. It ie expected that delivery of temporary certiticates will be made on or about February 25th, 1926. In the event of oversubscription we reserve the right to allot a smaller number of shares tham subscribed for. Class A Common stock (non-voting) Class B Common stock (Voting) We offer the unplaced balance of this issue of Class “A” Common 1321 Connecticut Avenue Office Buildings ON APPROVED SECURITY Apply RANDALL H. HAGNER & COMPANY’ MORTGAGE LOAN GORRESPONDENT Telephone Main 3700 There is no safer form of investment than good First Mortgage Notes, se- 1 cured })_v twice their face 2 O value in Washington resi- dential real estate. "“';nv:llflfnfrnl amounts of 3100 OsSEHEP 1417 K Street Main 9300 Ttk o) Ferat B T Satisfied Investor Carefully investigates any contem- plated investment and analyvzes it for DEPENDABILTY QUALITY And LEGITIMATE RETURNS He Chooses First Mortgage Notes Becanse he knows how they are amply secured. and he is assured of an annual income of 6'2% Investment Department SHANNON- & LUGHS| 713. 715 and 717 14th Sn MAIN 2345 APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Lesated in the Distriot of Columbia and adjaceat Subwsbs in Mentgemery Cownty, Mé 53 % INTEREST :fip'lr re H. L. RUST COMPANY LOAN CORRESPONDENT -Bhe¢ PRUDENTIAL INSURANCE COMPANY ¢ AMERICA 912:15th Strest N. W, Main 6889 stock at ¢ $25.00 Per Share One share of Class “B.” common stock. will be given as a bonus with each Four (4) shares of Class “A,” Common purchased. Mail, phone or wire your order to: Uden & Company Investment Securities 230 Trgnsportation Bldg., 17th and H Sts. N.W,, Washington, . C. (Main 1444) oLp OUT AND MATL TODAY Uden & Co., Transpertation Bldg., Washingten, D. C. Gentlemen: Witheut obligation on my part pleass furnish me with additional in- formation regarding the sacurities of the Penna-Rosslyn Warehouse Company, which The above Tou are offering for of fact are made as di- rect representations and the “Business Outlook” and ~ “Earnings” asx atated, we believe to he trus. Tha above fllns- 7 tration is an artisi’s conception of the pro- ject upon completion. There Were Two Builders-- ONE BUILT his house on sand and when the winds came it collapsed. The other—a man of foresight—reared his home on a rock, and the gales beat harm- lessly against the walls. If the House of vour Financial Future be built on the sands of uncertain securities, it will topple in time of crisis. But if it be founded on an investment which has withstood the test of time, it will remain firm and lasting. Our First Mortgage Notes have endured since 1869, and now bear 614 %. 56 Years Without Loss te An Investor.