Evening Star Newspaper, April 7, 1926, Page 31

FINANCIA STEEL PRODUCTION NOW ON UPGRADE ' Business Barometer Going | | | 1 mills of the American Sheet and Tinplate Co. at Farrell, Mercer and Sharon are working overtime, Within four months the complete modernization of the Crucible Steel plants will have been completed. This will mean a revision of previous work- ing conditions and increased produc- tion. Additional workers will be el plored, although new machine methy have ‘obliterated some of the jobs formerly held by skiliful worker Many of the old families. who have worked in the mills for generations, A Fool and His Money. The fact that a stock certificate is printed in fancy reen scrollwork is no proof that it is worth any more than ordinary wall paper. Thousands of people in Washington would have saved their money If they simply had asked their banker to tell them what he knew of some supposedly wonder- ful inv i Conhnenhl Trust Company 1 = in the market for five hun. dred Common and Preferred & Chase, Inc. of llm Phone Frank J. C. Wi Main 10288. Cdnfidence ulkern, care of eadon Company, 1507 K St. Dt Action p 1 s | First 738 15th Street full confidence of those who have ortgage Loans Lowest Rates o1 Interest and Commission Thomas J. Fisher & Company, Inc. WE PAY MORE INTEREST | ON SAVINGS ACCOUNTS ' Than Any Other National Bank (n Washington Interest on DAILY Balances Come In and let us explain 14th and G Streets FINANCIAL. Metropolitan Life Insurance Company OF NEW YORK FIRST MORTGAGE LOANS earned by experi- ence all that recommendation im- plies Convenient amounts of $100 Apply to WEAVER BROS. Realtors 809 15th St. NW. Main 9486 Up, Indicating Good Out- look for Trade. BY J. C. ROYLE. Brectal Dispateh to The Star NEW YORK. Ap: Steel orders | have taken a sharp brace in the last | fer days. That means to those whb are moving and thelr dwellings are giving ¢ 1o business styuctures. Steel workers under modern ' wages il and conditions no longer find it neces One Million Dollars nu.rly two df"" sary to live in the smoke cloud of 14th & H Streets ades faithful service the mills. Many live in the country o 4n. cvirigrowin and come to work in thelr own cars. ) 4 - & : and transportation facilities have im clientele! First Mort- and up, bearing proved for those who do not own auto gage Notes recom. mended by this or- read the trade barometers with the mobiles. 61/ q ganization have the 2 /o mame attention a ship captain gives v to the glass, that fairer weather in CAR LOAD'NGS DROP ROSSEePHELPS Eatablished 1907 commerce, manufacture and trade is | g {n prospect. Buvers of steel are| Figures for Week m“'" R Last Year, However. 1417 K Street Main 9300 Capital Resources $17,000,000 HE result of Bond Salesman One of Washington's oldest and strongest investment houses has «n opening for a high-grade salesman One who has had previous success in selgng desirable, but not essential. A commanding ap- pearance and personality, plus Loan Correspondent intelligence, 15 abs o lutely necessary to success. He must buvers are convinced they can the tonnage they need when and e i ENs wonne NeRic, DUt an Incresse of 33,160 over Mutual Benefit Life Ins. Co. have an automobile. This is Some of the Younsstown mills | A Newark, N. J. an excellent opportunity for 3 a man who possesses the Sus a8t 1018 Vermont Ave. qualities we demand, with the admit it was a struggle to maintain high productien rates through March, o week Iy i Phone Main 475 energy to properly apply them. We will finance and train such but now they have confidence the up ward turn has come Just when it seemed production would he a man, ging him 100% co operation. : Reply, stating another batch s Sporadic attacks influenza ticulars as to references, etc had a decided effect on production in mille but th bas worked ta the | Address Box 197-C, Star Office e Fl T MORTGAGES oney at 53 % Very Desirable Conditions P S dy Placing freight railway loadings for the week ending March 27 at 967,838, Tylel’ & Rl.lu]erfol‘d far ahead, but contracts for the sec ond quarter are coming in in satis the American Railway Association st night said that this was a de factory volume despite the fact many ease of 9.371 under the previous | Representing Your Interests And safeguarding vour funde in ested 613% Fir:t Mortgages rontnred by it. is a dependable. ex- perienced organization of 40 years sound business standing in the National Capital. Un A Sunders Coe Founded 155 an adva fore v load lots, 2 grain and n nroduus. 38,312 decrease of and live stoc 343, a_decrease of 2,144 cars. Coal loadings decreased 11,792 cars to 171,413, while coke moved in 13,2 cars, a decreage of 1,077 iy RUMORS SET AT REST. NEW YORK, April 7 (M Rumors of unrest among stockholders of H : \munsnn & Co.. some of whom were reported as desiring 1 change ment. have been set at vest re-election of all retiring di- and the addition of a new | George W. Kepler of Pitts who represents the general of stockholders. The hoard now 1= of seven membe _Syndicnte Mlnageu Wanted Our client is developing a national syndicate for securing partiei- tions in new issues of high grade investment Bonds and Pre- erred Stocks that are later ndvenued and offered by some of the best known New York bankers. elties are wtill where + syndicate manager will he appointed with exclusive ::f’vl;- T .fi L meking Soiaet,"sox e i 0ol curities SRBoUEH This is o real opportwnity jor a small dealer in imvesiment 4 dealer in morigages who desive: to sxtond s ond solesman who wishes Lo establish his own Dusiness or for a retired bamk ov indwstrial oficiai. Work may be all or ’m time. No imvestment is requwiwed. stand full _par- experience, SECOND TRUST LOANS I have money to purchase such loans on Residence Property oceu- pled by the owner with reasonable margin WM. H. KYLE 110 G St NW. Main 6623 adys roducers rather than to t detriment Farm Tmplement Steel. i Tndependent steel companies are quoted as declaring that demand for agricultural implement steel is im- proving and that March 1926 was hetter p March | Potential tonnagze for the second || quarter looks hetter to them. al- though lake traffic will be late in open- ing and some shipments will be held | I back for this reason. The United States Steel ( ion official; ok | forward to a continuation of acti which now is keeping the company’s plants working a1 above 102 per cent of theoretical capacity during the Spring month= Pay rolls in the Pittshurgh district, sdependent largely on the steel and “eoal induseries, totaled $4.800.000 for pect than 1433 K Street REAL ESTATE LOANS ANY AMOUNT 5 o APARTMENT HOUSES A RUSINESS PROPERTY. 4 RES E LOANS AT LOW RATES FRED T. NESBIT N\VESTMENT BLDG. Main 9392 | reetor | divector, Address K. E. M RUDOLPH GUENTHER-RUSSELL LAW, Ine 131 Cedar Street New Yeork ¢ Money to Loan ————————————— e e g ronmissian o, | Second Trust Notes Purchased Ak A FINANCIAL Jouphl We"er" Funds immediately available for sscond | trust notes on D. C. and_nearby Marsland | & Mr Bead LAcal Agent. At = - = X, Wartung & Compans ol "}‘im'u- The New York Life Insurance Co. Offers to Make First Mortgage Loans On Improved Real Estate in the District of Columbia and Nearby Suburbs in Montgomery County, Maryland. FOR 3, 5 OR 10 YEAR PERIODS 5Y2% ON APPROVED SECURITY | property i ; ‘We need another man who is well informed on financial mmas vhoh-hndapen Equitable Co-operative Building Ass'n JOHN JOY EDSON, President FRANK P. REESIDE, Secretary Organized 1839 46th YEAR COMPLETED $5,031,814,86 Surplus .....$1,352,719.93 Subscriptions for the 90th Issue of Stock Being Received SHARES g $2.50 |2 First and second trust real estate notes secured on improved rcal estate in the District of Columbia. FOR SAFE INVESTMENT BUY OUR FIRST TRUST du([r\ - plexion.’ piration of old contracts and inab to compete with other as reasons for the move which threw 4,000 men out of | employment. Pipe mill operation burgh district it 1y with mills capacity Den shapes is growing rinz building. Many mil! agers anticipate a stiffening of pric for tube, tinplate, sheet and wire| products, hut the far-sighted ones! are cutting their Spring garments according to their clo In other . they are using every effort cial advertisements, ete; and who has had experiencein han- dling correspondence about investment securities. Apply in Writing Owly J.M.DAIGER &CO. 1conpORATES in_the Apartments Office Buildings Houses Business Properties T he Systematic Saver Accomplishes Most —saving through the Equitable. Let vour pay day be our pay day PER i Apply 1 and continue to save regularly. '‘MONTH ’ RAND!!L H. HAGNER & COMPANY This way vou can build up a small = it | 3 M A A MORTGAGE LoAN GORRESPONDENT l fortune. COMMERCIAL ADVERTISING I 1321 Connecticut Avenue Telephone Main 5700 | 345 St.Paui Place Balsimore, Md. | New Issue—$1,400,000 631% First MORTGAGE ‘Bonbs Federal Security & Mortgage Company 1412 K Street Main 1599 We Can Make That Loan for You Quickly— Whether in the District of Colnmbia or nearby Mars. land and Virginia. A chort- term building loan—or one running a period of years, Consult Kelley concerning the property—and the details can be arranged without delay. CKEEVER snd M Ere Y‘iI() 1415 K St rhead o profits on Wi reduce ad of depending for riming prices Calling for Steel. waterwavs are calling for mteel. Hundreds of thousands of | tone will zo intn barge and boat] building this year, according to con- tracts already ed. while harbor fmprovements shipyards are | eounted on to ab produc- 915 F Street The ; Secured by first deed of trust on Real E:tate in the Nation's Capital. Organized The Beginning of New Wisdom Current Rates Prompt Reply our Mr. INVESTMENT The possible safety of a medium and a robable return on imclpa] no longer satis- es the sound thinking business man. He demands sefety of principal and guaramteed an- nual return. For that reason he chooses FIRST MORTGAGE NOTES We and gi to appli 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. COLUMBIA PERMANENT BUILDING ASSOCIATION will :\avlh receive e prompt attention 1tions for 713, 715 and 717 14th Street Main 4752 Main 2315 rwmm A Safe Investment Convenient, trouble-free and providing § Secured by Improved Real Estate in the Nation’s Capital Dependable Remunerative Annnal Return 6129, ON. 713, 715 and 717 14th St. Main 2345 Hilltop Manor Apartments WASHINGTON, D. C. Bonds to be Dated April 1, 1926 Denominations $1,000, $500, $100 Serial Maturities: 2 Years to 10 Years o Safe a rate of income that recommends it to every investor URCHASERS of securities for invest- The Company will thus af- ment find in Bank- ford its shareholders a par- stocks Cnrporntion features licipltion in a carefully se- 61/2% this offer- properly di- ing a most versified | BANKSTOCKS CORPORATION desirable group of of outlet for Bank and ‘ MARYLAND APPRAISALS R. L. McKeever, of McKeever & Goss, Realtors, Washington, D. C. Albert H. Gaddis, of Cafritz Company, Realtors, Washington, D. C. of which Morris Cafritz is President, writes as follows: “As you know, we.are thoroughly familiar with this development, and have made a care- ful examination of the plans and specifica- tions. We are of the opinion that this will bring in a rental of not less t%an $275,000 per annum. The location is very desirable, and the rentability, in our judgment, is assured. We value the entire project at $2,259,580.” OWNERS—The bonds are the obligation ef the Hilltop Manor Company, the officers of which are Morris Cafritz, President; Chlrlu A. Goldsmith, Vice-President; Harry M. Crandall, Treasurer, and Frederick M. Pels- man, Secretary. Mr. Cafritz is one of the foremost real estate owners and operators in Washington, where he has constructed a number of apartment and business buildings, and more than a thousand dwellings. Mr. Crandall is the founder of the successful Crandall chain of motion picture theaters. Mr. Goldsmith and Mr. Pelzman also are responsible and well- known business men of Washingten. SAFEGUARDS—These bonds are protected by the system of safeguards which surrounds every issue of Smith Bonds and which has resulted in our record of no loss to any in- vestor in 53 years. PRICE—Bonds offered, when and as issued, at par and accrued interest! to yield 634 % in all maturities. For a descriptive circular send your name and address on the form below. SECURITY—These bonds will be secured by a closed first mortgage of $1,400,000 on the land and 8-story building, which, in addition, is a first lien in effect on the earnings of the property. The building will contain 8 stores and 213 spartments of 2, 3, 4 and S rooms, each with bath. Monthly payments into a sinking fund are provided to reduce the mortgage to $883,500 before the final maturity. . LOCATION—The site covers 42,597 square feet, bounded by Fourteenth, Oak, Ogden and Otis Streets, N. W., Washington, D. C. It is 15 minutes by street car from the down- town business district, and three blocks from the uptown center at Fourteenth Street and Park Road,where there are shops and stores of all kinds, banks, theaters, churches and schools. APPRAISAL—Mr. R. L. McKeever, of McKeever & Goss, one of the leading realtors of Washington, writes as follows: ““After invi ting the site at the corner of 14th and Oak Streets, extending to Otis Place, and running through to Ogden Street, on which the Hilltop Manor Apartment build- ing is to be built, with which location I am thoroughly familiar, and consider one of the best sections in Washington for such a build- ing as the Hilltop Manor, and going over the plans for same, I am of the opinion that this building should sell on the co-operative plan for in the neighborhood of $2,250,000.” FEARNINGS—Albert H. Gaddis, of the Cafrits Company, which handles the rental of numerous properties in Washington, and THE F. H. SMITH CoO. Founded 1873 Smith Building, Washington, D. C. Main 6464 Boston—Albany—New Y ork—Philadelphia—Pittsburgh—Minneapolis / sums of any Trust Com- size. pany Stocks B ANK- and the STOCKS sharehold- CORPORA- ers will in TION is a effect be- holding come in- company vestors in all f o r Banks, of the in- Trust Com- stitutions panies and Financial In- whose stock is held by the stitutions throughout the Company. United States and Canada. Assets Over $700,000 733 12th Street N.W. Melvin C. Hazen, President. Floyd E. Davis, Treasurer Clarence 1. Gessford, Secretary WHAT DOES YOUR DOLLAR COST? Whether your dollar comes from salary, or from previous well-planned investment, it is the fruit of your own time and effort. Tt is not to be held—or let go—lightly. Our Municipal Service Company 6’7+ Sinking Fund Collateral Trust Gold Bonds, Series A Due Feb. 1, 1956 Price, $50.00 per share and accrued dividends carrying one- half share Clazs “A” Common Stock as a bonus. 6% FIRST MORTGAGES WE RECOMMEND THE ABOVE FOR INVESTMENT ; B.A.HARRIS & CO. M.P.DRAIN & CO. Citizens Bank Building Insurance Building BALTIMORE WASH,LI:?T:::, D.C. nperu!bnz puhlrc nmlm com- panies serving 187 communi= ties in Pennsylvania, Mary- land, Delaware, Virginia and Georgia. Balance of consolidated earnings available for inter- est on total funded debt of Municipal Service Company over 3.11 times requirements. Price 96 and Interest To Yield About 6.30% Send for circular A-626 E. H. Rollins & Sons Founded 1876 416 Wood rd Building, ngton | Boston .\“VI ork Philadelphia | Chicagn Denver San Francisco —will protect it with sound real estate value. Our ~xpe- rienced management methods, and a third of a century’s precedent, assure your interest income with regularity. Century Without a COUPON D Please send me full information regarding issue of Bankstocks Corporation, without ebligation. NO LOSS TO ANY INVESTOR IN 53 YEARS B. F. SAUL CO. Main 2100 925 15th St. NNW. 3PP R RN USSR PSSRy V.| || SISO GRS R o b1p mm!uub-nmh.-d information contained in this advertisement, and while wot guavanteed by ws we believe it 1o have beon led from_ veliable sesoirees. Statements a1 to legal Matters soresent the apimion of our counsel. —