Evening Star Newspaper, March 18, 1926, Page 31

of “FAIRLY GOOD,” GEORGIA PEACH CROP FORECAST! | Enough Blooms Escaped Cold, It Ts | tail food costs Believed, to Assure Harvesting of Fair Quantity. | In spite of record low temperatures | ate in the season in the peach belt | zin and North Carvolina, the | Agr ulture de 1 THE EVENING FOOD AND COMMODITY PRICES SHOW DECREASE Wholesale commodity prices and re- howed slight declines in Febru: compared with the previous month, the Labor Depart- ment announced tod: The index number on 404 selected modities, calculated on the basls of 100 for the month, s STAR, WASHINGTON, age eggs. with 19 and 18 per cent, respectively, showed the greatest price drop, while in the wholesale field farm products and foods re- corded the largest drop. For the year ending with February 50 of 51 citles surveyed showed in- creases in retall food costs, Jackson- ville, Fla., leading with 11 per cent, and Salt Lake City, with 2 per cent, showing the only -decline. et Are You a Sucker? Too many people put their money in day dreams and wake up broke. D. C, irregularly on ‘Three per cent centimes. loan, 56 francs. Continental THURSDAY, | PARIS PRICES IRREGULAR. PARIS, March 18 (#).—Prices moved Exchange on London, 135 franes 98 centimes. The dollar was quoted at 27 francs 96 centimes. IO MARCH 18, 1926. Bonds ,filt::'MNm'fi’ge. w: “The F. 'Sm&!n‘smu | 0 ; Swith Buldng &1 N 93 YEARS NO LOSS TOANY INVESTOR the Bourse today. rentes, 47 francs 40 Five per cent BRI Trust Company | FINANCI Money to Loan on Real Estate GEQ;; Wi LINKINS WE MAKE LOANS § recelve immediate attention. Reason- able fees. AL. * 31 ‘Money to Loan Joseph 1. Weller 35841 & ¢ 1000 6000606666606 WANTED! SECOND-TRUST NOTES ipds on hand for purchass of second trust notes on D. C. and ¥ residences occapted by Prompt action. Washington-Baltimore CONSTRUCTION % LOANS FRED T. NESBIT Investment Bldg. M. 9392. Realty Co. See Mr. Kead. Local Agent, with Wm. K. Hartung & Co. 1108 16th Kt. Main 371 Never put your name on the dotted line until you have inquired of some one in your bank what he knows about some stock issue that is offered to 1 privatel the retail food prices declined more than with 19 articles show- nine increases and 15 trictly fresh and stor- Capital 8 One Million Dollars ] 14th & H Streets fi R0 s, VNS 00000000044 00000000004 : ; § Dr the Assoriated Press March 18— Colomal See stated in the House of Commons today that he was closely watching the rubber situation and ed to be MAIN 409 MAIN 410 HOWARD AND HOFFMAN General Insurance Agents Cor. 7th Street and La. STATEMENT OF THE CONDITION OF THE FIREMEN'S INSURANCE COMPANY Of Washington and day of December, We will gladly receive and give prompt attention to applications for Loans on Washington Real Estate Current rates of .inter- est. Should you have Money to Invest —we can also take care of you. Our experience, ex- tending over a period of Thirty-Five Years —insures your protection. Percy H. Russell Co. 926 15th St. N.W. National Metropolitan 112 Bank 12 Years ol Capital, Surplus & Undivided Profits, Over $1,800,000.00 First and Second Trust Real Estate Notes Secured on Improved Real Estate in Wash- ington, D. C. Federal Security & Mortgage Co. 1412K St. M. 1599 scheme. His decl, o of ( Department | [ fends Stevenson Scheme | sl Uy wihile produce a “fairly good ¢ S e | vea k. important fact is iche L) r Before House. L o e 1% per cont | caped damage o permit the harves e ing of a fair crop. no chan announced, indicate that 40 to 45 per cent of the peach blossoms were killed full bloom. In| a, it was said, the buds wers report confidence that ennnuh: ped to insure a good crop. 'l‘lw‘ swer western Georgia The total n~ | damage will be offset, in the depart 1.000,000 new trees come into bearing ation | thi 2 iout | temperatures in many parts of the wber [ peach belt early in the week were the FINANCIAL. Colonial Secretary Amery De- | today that those sections m 5 - this| February 15 i bhe that enough blooms probal ing decre: Reports to the department, it was lin Georgia, where in most S(‘("il»"&‘ wegun 1o swell and many | atest damage occurrved in central ment’s opinion, by the fact that which Th \! ther Bureau reported that he | lowest of record for so late in the £ Commerc considered to arouse t interest of in the impoviance of the rubber Aus v proper e My, Hoover only over details h as the attention Which the Secretary gave to the spec- | industry . “that the | h mes two d's rubber produc 21, per ital invested in the in fact alone shows what confidence the Americans had in the Rritish meth- | Capital stock Cabital atock. paid 1ip Hoover's efforts | season. Americans | in tary — = = Turkey is fitting up a large ship as “flating exposition’ of Turkish in- 15th St., opp. U. S. Treasury al products and will have it visit ading ports of Burope. il i e e O A —— STATEMENT l‘!‘)’ E CONDITION NATIONAL CAPITAL INSURANCE COMPANY | OF the District of Columbia. on the 31st day o December.“1625. as reauired under the District of Colu a Code. amended Juns 30, and igust 18, 1911 STATEMENT OF THE CONDITION OF THE MERICAN EQUITABLE SSURANCE COMPANY Y on the A1t day of December, S s TRl e Sine 30, To0%, 1 At TR 181 al kl‘ml\ paid up, in eash STATEMENT OF THE CONDITION OF THE BUFFALO INSURANCE COMPANY TR Alst day of wnder the £ the A Worth-While Advantages The protection and prestige of a bank with large resources, wide connections and a cen- tury - long record, are yours when you carry your account at The Metropolitan. on the 31st uired under Code. amended 1K, 1911 Gearzetown. 1925, as L A X Eust 18, 1011 al stock.” paid up, in’ cash, tlon cent’ of and dustry o faith must is v th . June 0. 1907, and At Capital ‘stock o Capital stock, paid up, fn cash. . = '$1.000.000.00 1.000.000.00 500.000.00 500:000.00 Over a Quarter ASSETS of a Century’s Experience £100.000.00 so®Aa2 50 100.000.00 bonda Cash in office. .. * (market Cash in hank i " 1,000 mortgages (first rated the Rritlsh conten- | 1 : Bille receivahle evenson plan benefited | - < | Casn i office. . n the world, ; | Cann n vank yuin, | Gosh in By s50.004 | L 13A11RT (first 5o 102.800.00 (market “(first ted "andin hen ) i oo eatate’, mortgages Stocks and bonda imarket ade * (market If Your Rental Property 350.00 > ted [ 1 131.900.00 e oral doane Dol ume_uncoliected and in hands of agents : Interest due and aceried All_other assets: Reinsurance recoverable on paid losses December 31, 1925, .. .. i estate” mortgages - b Interest due Many dad Al other assets madé in t tha rubt and ~bonds | alue) ... Premimma’ icoliected hands of agents Intereat due and accru All other assets. .. and " Bt Total assets LIABIL m. | claims, ted States 1 supplies m 15 to 4 pound. 1 there was no upply and de- of securing was put into one. This se with the system of of the! ion under he said, was to maintain < in order to keep the Interest due and | Al other Omee fui is not paying you as much as you think it can and should—consult us. Our experience is offered ‘you to increase your property’s earning power through reduced expense and increased income. B. F. SAUL CO. Main 2100 925 15th St. N.W. Total assets. . Total assets. .. 3% on Savings LIABILITIES. Net unpald claims G Reserve aw required by law Borrowed mOReY . 2. Slares remt. s, taxes. e Total assets. .. ... LIABILITI | Reserve as required by law Sainvies, Tents. expenses 7 Net unpaid_claima CUL. S1R108000 | Reserve us required by law . | 1.834.174.47 | Salaries, rents. expenses. taxes, 56.000.00 , 9.000.00 . 1.000.000.00 = . _$nA5300 14807607 1506000 OLDEST NATIONAL BANK IN THE DISTRICT OF COLUMBIA . $58.R43.32 taxes. B 3 500.00 ek i . 100.000.00 latulities on teserve fund... 10.000.00 ..$172.348.87 Character of husiness transacted during the P eakage of plate xiase and le theft insurance. med dur-, _$10.318.818 00 ring the 1475219 s e 2 S4.4140.0 Commissions, brokerage. elc Capital stock A1l other liahiliiies for contingencies ilitine 100.00 of hiisiness’ transacted during Fir 1287176 2006.000.00 et Canital s Al othe Conflagra when the v of o produc Commjssionk Capital stock Total Jiabilities Charadter of hukiness irans the year 1925 Fire insurance. Amount of risk med dur- “brokeraga, ‘eto 5 5 e Rener 5 .$1.135 08K RAN.28 lanilitien ¥ acter | of business ‘transa Fire and tornado imsurance Tisk Total liabilities tie ed dur $26,634.787.00 2.01 iimed | 425 . $314.034.866.00 | during " tha 703.057.54 | ire. and automo it of riek a the year 1§ custained 1925 5005.67 T TN T W 20 546 e SSANED 14384745 u M M HOFFMAN HOWARD, Secre A _sworn 1o b h. 1826 SIDNEY R.KENA €. A GEORGER. Secretars ' Siihseribed and sworn t . 151 aw of Februars, Jatg, Coore me this (Seal) L. W. FISHER. Notars' Pubiie. iha "GEO. R.'RERETT Jr 1 o this President. o me thi ark Count H. PARSLEY MY term expr Secretary. ST Notary Publi Subgerihed and _sworn to before me this 15th dav of March 1926 (Seall) CHARLES A] McCARTHY Notary Puhiic, Membar of the Insurance Club of ‘Washington terine, A the hoo! ALBERT W. HOWARD WILLIAM M. HOFFMAN thseribed a The New York Life Insurance Co. Offers to Make First Mortgage Loans On Tmproved Real Estate in the District of Columbia and Nearby Suburbs in Montgomery County, Maryland. FOR 3, 5 OR 10 YEAR PERIODS 9%2% ON APPROVED SECURITY Apply RANDALL H. HAGNER & GOMP. MoRTGAGE LoaAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 National and International Repmalion and Confidenée As All of This Stock Has Been Sold, This Advertisement Appears as a Matter of Record Only. 190,624 Shares The Lambert Company To own a majority of the stock of Lambert Pharmacal Company Manufacturers of LISTERINE Common Stock the Deferred Stock is limited to $1 per share in any fiscal year, pay- the Common Stock. Up to 50,000 shares of Deferred Stock may be converted, share for share, into Common Stock when the consolidated net profits for the preceding year have equalled at least $5.50 per share on all Common Stock outstanding and to be issued on conversion; and when such profits equal $6 ‘rr share, any par of the remaining Deferred Stock may be so converted, subject to the provisions of the Certificate of Incorporation. Our investment business brings us into active contact with every State in the union as well as 33 other provinces and countries. We have established interna- tional faith in the sale of Apartments Office Buildings Houses e First Mortgage Notes On Improved Washington Real Estate Annual Return 6Y2% Investment Department The Common Stock is unfimited as to dividends; able in the ratio of $1 on the Deferred Stock to $3.50 on CAPITALIZATION Authertsed Common Stock (without par value).... 1,000,000 shares* Deferred Stock (without par value).... 100,000 shares 100,000 shares are to be reserved for conversion of the Deferred Stock. To be issued 281,250 shares 100,000 shares 713, 715 and 717 14th S!.. Main 2345 PENN Mutual First Mortgage Notes 6% Mr. Gerord B. Lambert, President of Lambert Phormacal Company, who will be President of The Lambert Company, has ished a letter in vefevence to the Compomy, attached to which is a balance sheet of Lambert Pharmacal Company &s of December 31, 1925. Copies of this letter and the balance cheet attached thereto may be obtamed from the undersigned upon request. Mr. Lambert has summarized this letter in port, as follows: “The Lambert Company has besn organized under the laws of Delaware to own 56%4% of the capital stock of Lambert Pharmacal Company, a Missouri corporation. HISTORY AND BUSINESS Lambert Pharmacal Company was founded 47 years ago to manufacture and sell ‘Listerine’ and other phar- Life Insurance Company shows in” it 1925 state- ment investments of over 153 millions of dollars in First Mortgages, as against less than 1 million in stocks and bonds. What does this overwhelming choice indicate to you—as an investor? Seeking a Loan? This is General Headquarters for Mort- gage Loans. There is just as great an oppor- tunity to show wisdom in getting a Loan as of our advertising expenditures is ct that in 1925 our advertising expenses were about $2,100,000 and in 1926 they will exceed $3,000,000. The total ‘monthly circulation of the media being em‘yloyed at this time is certified by the Audit Bureau of Circulation at approximately 65,000,000 Dur- ing the last four years we have spent over $4,400,000 in it. The m-ud by ti RO 147 K Street SSEEPH Estabiished 1907 ELPS Main 9300 The Extraordinary Goose That Laid RING the old fable up to Eggs of Gold best advantage and wit Main 2100 in making one. If you want to borrow money on improved Washington real estate, to your h the least red tape, come to the Company known as GENERAL HEADQUARTERS for Mortgage Loans. B. F. SAUL CO. 925 15th St. N.W. for LOANS on APPLICATIONS INVITED maceutical products. Listerine is today the standard antiseptic of the world and it occupies this position approached by no competing eparation. The remarkable merit of the product itself 1s responsible for its continuing and increasing success, which is evidenced by its uninterrupted growth in sales for about half a century. Each year since its foundation the Company has made a substantial profit. From 1921 to this date the sales of Listerine as well as the total sales of the Company each month have shown an increase over the sales for the same month of the previous year. As a further illustration of growth, the increase of about $470,000 in the Company’s sales of January and February, 1926 over the same two months of 1925 was greater than the increase of January and February, 1925 over the same two months of 1924, when the increase amounted to about $365,000. The net profit of the first two months of 1026, also, shows an in- crease over the same two months of 1925 greater than th latter’s increase over the first two months of 1924. This is in spite of the fact that the advertising expenditures for January and February, 1926 increased over those of .the ‘corresponding months of 1925 by a very large figure. The increasing profits of the Company are being aug- mented by the increasing sales of new products which are being brought out from time to time, such as Listerine Tooth Paste and Listerine Throat Tablets. The present management and present policies were inaugurated in 1921, and it is the purpose of this issue advertising. ASSETS AND DIVIDENDS Because of the nature of the business and the absence of the necessity for any large capital expenditures, the Board of Directors of Lambert Pharmacal Company has followed the policy of declaring dividends covering a major portion of the earnings each year, there being no need to have in the business any substantial amount of net tangible assets beyond approximately $1,000,000, as shown on the last balance sheet, which is entirely ade- quate for the present requirements of the business. The Board of Directors of The Lambert Company expects to. inaugurate dividends at the annual rate of $3.50 per share by the declaration of a quarterly dividend of 8714 cents ier share payable July 1, 1926. During the last four years ambert Pharmacal Company has paid out a total of $4,675,000 in dividends. PROFITS The net profits of Lambert Pharmacal Company for the four years ended December 31, 1925 (after deduct- ing all charges, including Federal income taxes computed at 13149%), the cash dividends paid by that company in those years, and the proportion of such profits applicable to the stockholdings of The Lambert Company (the new company), as certified by Messrs. Ernst & Ernst, Public Accountants, have been as follows: Net Profits of Proportion of B date. The goose is Cap- ital—and the eggs of gold come in the form of Interest. And the owner who slays his Capital with the axe of Specula- tion gets nothing but a lesson for his avarice. Net Profits Applicable to oldings of New Company $ 407,555.17 606,620.99 Years Lambert Pharmacal Cash Dividends Fnded Company After Paid b December Federal Income Lambert Pharmacal 31 Taxes at 13% % Company 1922 $ 724,542.53 1923 1,078,437.31 ,620. 1924 1,499,210.77 843,306.06 1925 2,011,940.89 1,800,000.00 1,131,716.75 Such net Trofiu for the first two months of 1926 were approximatel sponding to emable us to continue that management and those licies. Goldman, Sachs & Co. and Bond & Goodwin, g:c. ‘will each be invited to name a member of the Board of Directors of the new company. ADVERTISING The Company's advertising of Listerine has had an unusual record. Starting with practically no ex iture in 1921, each monthly increase in advertising met during that month by an increase in profit as gre: as the advertising increase and a substantial additional Price $41.75 Per Share This offering is made in all respects when, as and if issued and accepted h'v us and subject to the oval of Messrs, Sullivan & Cromwell, for the Bankers, and of Messrs. Larkin, Rathbone &'Pe('ry.';or Iheji::om any.'.\v,err‘e’:u:t the right to reject any and all subscriptions in whole or in part, to allot less than the amount nppliex for, and to close the subscription books at any time without notice. e It is “P'k“Ed“'fih."' deli;ery of tem, )on'{lyb“Ode certificates orAinterim receipts (exchangeable for temporary or efinitive stock certificates when prepared) will be made on or about April 1, 1926, at the office of Goldman, Sachs & Co. 30 Pine Street, New York, N. Y., against payment therefor in New errk funds. P il G GOLDMAN, SACHS & CO. BOND & GOODWIN, Inc. hm-fldh&mgm-m—;fi.-“flfi-mflunm-hm& IMPROVED PROPERTY Lecated in the Distriot of Columbia and adjacent Subuebs in Montgomery County, Mé Invest your capital in safe secur- 5_‘- ities—First Mortgage Notes— 2 Eo and secure the annual golden egg ' I INTEREST of 615%. - y 30.6% greater than those of the corre- ‘months of 1925." But you—don'’t slay your goose. Apnly veo H. L. RUST CQMPANY LOAN CORRESPONDENT ®se PRUDENTIAL INSURANCE COMPANY ¢f AMERICA 912 15¢h Strest N.W. Main 6888 727-~15. Street.NW Washingron.DC. 56 Years Without Loss to An Investor