Evening Star Newspaper, May 17, 1926, Page 25

FINANCIAL. FINANCIAL, D. C., MONDAY, MAY 17, 1926. HEAVY RAN ADS NEARBYFARIER Monday Buying Slow in Cen- ter Market—Prices Re- main About Same. THE EVENING STAR, WASHINGTON, Chovy Chass b & Corparation created der the 1 X trict of Columbla, i the 6%, o W DY Loliabls | 7% First Mortgage Notes ot s ol Juiv T $91% ety %rint"Co. ot || Secured on Improved Property Baltimore, Md.). ‘trustee. pursuant to the Drovisions therein ‘as stated i sut instra- || Allan E. Walker & Co., Inc. ment. does hereby give notice of lts inten. tion to call in redeem and pay all of gaid Established 1001 bonds sscured by said v Ty A 236 sw'l‘lhern Building ru er cent, o futts '€ Trust Co.. on el All of tlie ‘bonds are called under the pro- visions of article secoud of sajd mort deed of trust, and the interest on sai will cense on'the Lt day of Juls, A D Seal. CHEVY 3 By WILLLS sident. CHAS] FRT Mt | I e v 0dd Lots Carried on Margin Buck & Company —BROKERS— Established 1976 OLDEST National Bank in tho District of Columbia COMPLETELY EQUIPPED TRUST DEPT. SPECIAL DEPT. FOR LADIES SAFE DEPOSIT _BOXES EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. Apply for a Loan On Construction Work, Busi- ness Properties, Apartment Buildings, or Residences. Ac- tion within 24 hours—Ilowest current rates! Depositors’ Convenience —this bank will remain Open Until 5:30 P.M. Today One Dollar will open a Savings Account Monthly Railroad Statements. Every investor in rail securities, whether stocks or bonds, will find it useful to examine the monthly earn- ings statement as it is reported to the Interstate Commerce Commssion and [~ as it is printed on the financial pages of the daily newspapers. These earnings statements begin to come out about the ?0th of the month following the one they cover. That is to say, the results for Jan begin to appear about February 20. Some Attes Consult Us If You Contemplate Refinancing A rainfall of inches Saturday night and veste morning is ex- pected to be worth millions of dc For First Trust Loans Immediately Available to farmers anmd truckers in nearb ports received me too s, especially it will help tomatoes and other vegetabhl It is reported by grain growers in the northern neck of Virginia that some of them will have only about . one-third 3 grower: tatoes arly in the ond plantings corn plantes ake root. will be made. Growers® report the rain will be benefictal to strawberries, black- and small fruits that have \ 1 1 nd ! IS to the extent of making for cattle more plentiful Early morning buying was not espe- ciall z, dealers re- from being ially the at the close receipts uct nearby Mary; light. same as of last week's market. roads publish their statements a good deal more promptly than others so that the laggards do not come along I for a couple of weeks or even later. 1 road is required by statement every month and the information contained therein ailable to the public generally. s these statements v show the gross income for the month compared with the same month in the previous vear and the net operating income for the month, after all operating expenses incl equipment and rents are paid. Inter- est on bonds is still to come out and so are dividends, but on the other hand income from other sources than railway operations is to be added. Be- sides the current month’s results with comparisons the statement includes those of the vear to date. For exam- ple, an earnings statement for June will be accompanied by one for the six months ending June 30. Tt is the simplest possible matter to see wheth- er the road in which one is interested is making progress or not, at least as far as earnings from the raflway it. * | self are concerned urkeys, S| There are, roads - which have a large income from outside sources as, for instance, from interest and dividends on securities held or however, pear | Construction Loans Also Reasonable Charges and Quick Action N. L. Sansbury Co., Inc. 1418 Eye St. Maln 5904 312 Evans Building 1420 N. Y. Ave. N.W. Tel. Franklin 7300 Direct Private Wires to New York Equitable Co-operative Building Ass'n JOHN JOY EDSON, !‘;flldcnt Organized 187 Assets $5,031,814.86 46th Surplus WALTER S. PRATT, Jr., Secretary YEAR COMPLETE CTED ..$1,352,740.93 Subscriptions for the 90th Issue of Stock Being Received SYSTEMATIC SAVING is the most effective means of ac- cumulating money. Results have established this fact. Join the Equitable and save systematically and you will accomplish in a financial way more than ever. - { SHARES $2.50 PER MONTH National Metropolitan Bank 15th St.,, Op COMPOUND INTEREST PAID ON SAVINGS Established 1814 —112 Years Old posite U. S. Treasury 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 Houses Business Properties %% Apartments Office Buildings ROSSEPHELPS Founded 1907 1417 K Street Main 9300 Sponsored by Successful Business and Financial Executives Successful investment need not necessi- tate the “blazing of a Profitable Investment Path.” It is simply a matter of following the the advice and tactics of already successful men. You will find that a large majority have a goodly portion of their financial surplus in- vested in First Mortgage Notes Annual Return mouth Rock smaller, Winter ¢ 40a43; fowl: from operations in some other busi- <uch as coal mining. Before they coal properties the 612% Dependable 10245 ON APPROVED SECURITY Apply alley and the Read- Join today. 915 F Street | S e RANDALL H. HAGNER & COMPANY 18, | an accurate idea of the amount avail- | [ = -lable for interest and dividends was : « °-| concerned. A road like the Union Pa- MORTGAGE LCAN GORRESPONDENT ‘ | e cific, which has heavy investments in = == > z i ¢ ICy 7 e Roms Sy Telephone Main 9700 i == 31 | securities, also does not show from 1321 Connecticut Avenue 713 14¢h St. N.W. Main 2345 ements of roads Remunerative ves, choice, : hog: . choie ive stock dium, 10a11 and medium, lambs, 18, month to month its dividend income :| Nevertheless these monthly reports covering as they do results of all rail- road operations are of the utmost .| value to investor REAL ESTATE LolANs ANY AMOUNT st e Y% RESIDENCE LOANS AT LOW RATES FRED T. NESBIT Investment Bldg. Main 9392 Investment 1/7 Judiciously placed sav- 6% ings are the greatest back- ground of financial stabil- Convigtiar ity and progress. Men of A experience select good First Mortgage Notes. light: barrels, no boxes, demand light, Washington, sales reportec market steady; FEDERAL-AMERICAN COMPANY (INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE) WASHINGTON, D. C. AUTHORIZED CAPITAL $10,000,000 6%, Cumulative Preferred Stock—Par Value $100 100,000 shares Common Stock—No Par Value PRESENT ISSUE ‘We are offering for public subscription g 5,000 shares of the Preferred Stock at $100 per share an: 25,000 shares of Common Stock at $20 per share DIVIDENDS The Preferred Stock is entitled to receive a cumulative dividend at the rate of 6 per cent per annum, said dividend payable quarterly on the first day of January, April, July and October of each year. After said dividend of 6 per cent has been paid, any further amount declared in divi- dends shall be paid to the holders of the common stock to the extent of $6.00 per share, and should there be any further amounts declared in dividends, there shall be declared first, 1 per cent to the holders of the preferred stock, and any further amount shall be paid to the holders of the common stock. REDEMPTION The Preferred Stock shall be subject to redemption in whole or in part at any time after five years from the date of original issue, subject to a sixty-day notice to the stockholder, at $110.00 per share plus all unpaid accrued or accumulated dividends. BUSINESS This corporation is organized for the purpose of handling first and second trust loans on real estate, builder’s loans, insurance, and such special financing as may commend itself to the corpora- tion. ORGANIZATION EXPENSES No salesman will be employed to sell our stock. No commission will be paid to anyone on cither the Preferred or Common Stock. MANAGEMENT The Officers and Directors are men well known in financial and business circles, and qualified to direct its policies along safe and conservative lines. SUBSCRIPTIONS Subscription books will be open from Monday, May 17th, 1926, until twelve o’clock noon Thurs- day, May 20th, 1926, and immediately thereafter, all applications will be referred to an allotment Committee. The Corporation reserves the right to reject any applications it may not care to ac- cept, and to allot other subscriptions in full or in part. - OFFICERS & DIRECTORS W. T. GALLIHER, Chairman of the Board JOHN POOLE, President WILLIAM JOHN EYNON CHARLES B. LYDDANE Vice President Secretary-Treasurer WILMER J. WALLER CHARLES D. BOYER Vice President Ass’t Sec’y-Ass’t Treas. Arthur D. Marks Buginess Manager, Washington Fow John L. Newbold Pl‘dd!nl. Merchants Transfer & torage Co. John Poole President James Brown Scott T Warner Stutler Contractor Leon Tobriner Attorney at Law George E. Walker Fecior, Park Savinge Bank Wilmer J. Waller President Vice L. Perry West Protident, West Brothers Brick i Money to Loan Securs1 by first deec of trust on reat estate. n bunches; few long | 5 #erallinginterest gt commlision, demand , bushel ght: demand lifornia, Im- Mints, stand- e B DnfdainCos | Costs 1433 K Street—Main 1016 at Age 30. Send Date of Birth S for Full Information. LeROY GOFF Ipuran . all branel upplies liberal; demand || 610 Woodward Bidg. ain 350" t, mar teady; South Carolir 115 bushel hampers pointed type, 1. 5 nd 1.40. We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street northern _distri 45 dozen AS YOU EARN, INVEST SAFELY Salary should accomplish three basic purposes: Provide for current expenses, establish a reserve for future protection, and yield additional earnings regularly. Our 6'2% FIRST MORTGAGES moderate. Michiga: Rurals, " condition, low as 4.50. Market firm; Florida, double-hs ulding Rose, U. S. 150-pound i3 No. s—Supplies libe e, market steady es, Missionaries, A Third of a Century Second Trust Notes Purchased Funds immediate frust notes on —safeguard your surplus funds with the sound security of de- sirable real estate. Interest payments are definite and reg- ular. To the salaried man we offer the convenience of a par- tial payment plan. In amounts of $250 and up. B. F. SAUL CO. Main 2100 925 15th St. N.W. ool e patunaiili Cheating at Solitaire uart and arieties, 25 Local Agent. at K. Hartung” & Comp, i S T P, Without a & Continental Trust Company @30 per quar Tomatoes—Supplies moderate; _de- | market steady: | d turning. v ; choice count, , pink, wrapped, ; Texas, fc Loss 5 mostly tring Beans — Supplies moderat lemand moderate, market dull; Flc Capital One Million Dollars %-bushel hampers, Green, 4.00 ; some poor condition low as 2.0 14th & H Streets uth Carolina, bushel hampers, | B - e en, 6.0026.50; mostly 6.00. light: demand We will gladly receive and give prompt attention to ap- plications for Loans on Washington Real Estate _Current rates of interest. Should you have Money to Invest —we can also take carg of you. Our experience, extend- ing over a period of it _Thirty-Five Years MERGER BASIS APPROVED. —insures your protection. NEW YORK, May 17 (#).—Stock- P H R u Co holders of th andard Oil Co. of ercy . Russe ! New York today approved the pro- N.W. posed acquisition of General Petro- leum Corporation on the basis of two shares of Standard for one of Gen- eral Petroleum, An increase in capi- of Standard of New York 5,000,000 to $437,500,000 of alue, necessary to carry out the provisions of the merger, also was authorized. light, market dy; Florida, square- ] tes, fancy, 3.00a3.50; choice, ————e DAIRY PRODUCTS. 17 (Special).— ickens, pound, ; old hens, roosters, e and nearby 2882815, Butter—Good to fancy pound, 40a43; prin 34; store packed, y prints, process butter, 37, rolls, creamery, LIPPING in a few cards out of turn to make them come out right is never really beating the game, and the only possible victim of your dubious triumph is yourself. ~ Prompt Action First Mortgage Loans Tomas 40 fié..’::;’:‘ Company,. The. A L. Clarke President, L. A. Clarke & Son Myer Cohen Attorney at Law William Knowles Cooper General Secretary, Young Men's Christian Association John Dolph Manager, Metropolitan Life Insur- ance Co. T. C. Dulin Secretary, Dulin & Martin Co, William John Eynon Printer W. G. Galliher Vice President, C. H. Galliher Co. W. T. Galliher W. T. Galliher & Bro. Isaac Gans Treasurer, Saks & Co. Physiclan e J’M”s:{ 8ix Per Fred S. Gichner mflkmm.. Aveo: OFFICE OF THE COMPANY 1352 G Street N.W. Wl;ml‘?. Ham dent, Washington Rallway & PEE Rl macrc Pome George W. Harris President, Harris & Ewing C M. Hendley Capitalist Byron S. Adams Printer Lester A. Barr Capitalist Albert E. Berry President, Chesapeake and Potomac Telephone Co. Thomas Bones Vice President, Wardman Construc- tion Co. Charles D. Boyer Assistant _ Secretary — Assistant ‘Treasurer ‘W. F. Brenizer President, W. F. Brenizer Co. Alexander Britton Attorney at Law Walter A. Brown Real Estate, Loans, Insurance Joshua W. P?nr;r ! Secretary, ual Tesocatton” " And when you invest in question- able stocks you are tickling one side of your pocketbook with false sav- ings while losses take big bites out of the other side. NEW YORK, May 17 (P). Engineers’ Public Service Co. h: quired control of the stock of the We are making Baton Rouge Electric Co., Louisiana. loans secured on well located real estate, improved or to be im- proved by new build- ings in the District of Columbia. eSS gec i CHICAGO AND ALTON. NEW YORK, May 17 (#).-—The bal- ance sheet of the Chicago and Alton for 1925 shows current assets of $5,829,828 and current liabilities $23,249,007. Profit and loss deficit 49, against $6,192,968 the Total assets were $162,- Ralph Jenkins Physician Harry King Merchant Ralph W. Lee Insurance Charles B. Lyddane Louis Mackall For 57 years investors in our First Mortgages have won safety and a liberal intesest return. We now have on hand some attractive issues yielding 614 per cent. PN RUBBER HIGHER. NEW YORK, May 17.—Crude rub- ber, smoked ribbed sheets, was quoted at 48 cents on the market at noon today. This compares with 471 cents Saturday, 47% cents a month ago and 65 cents a year ago. —_— e Before You Invest—Investigate. Jt's queer how careful a man can be after he's lost his money. Abe Martin says that a man who is not satisfled with 6 per cent and his money are soon parted. We are also in position to refinance expiring loans. Mortgage Investment Dept. (SHANNON: & LUCHY) 713 14th St. N.W. Main 2345 i ‘Bullding Swarizell, Rheem & Hensey Co., Morigage Bankers' - T27415h. Street, AW, WashingtonD.C. 57 Years Without Loss to An Ingestor