Evening Star Newspaper, June 24, 1926, Page 31

FINANCIAL. cost per acre Equipment Has Aided. QLDFARY SSLOHLY PASSING Skilled Agricultural Mechanic' Rising to Take His Place in West. BY J. C. ROYLE. “xew ent and machiner wplicable for and improved farm equip. h THE EVENING STAR. WASHINGTON, D. ¢, THURSDAY, JUNE 24, 1926. daition there Are mil. STRUCTURAL STEEL ORDERS. . NEW YORK, June 24 ().—Book, | ) | ings of fabricated structural steel in May totaled 234,850 t against 219, 600 in April and in May last vear, and for the five months this vear, 1,024,800 tons, against 1,000,400 | in, the same period of 1925. | Ready Money to Loan In Any Amount on 1st—2nd—3rd Trusts We ide suitable and satls- factory solutiens for your finan- cfal problems. Immediate decl- sions and settlements. You will find our charges tne lowest. Realty Loan Co. - helr money up broke. the dotted of some he knows | N | Sacu - 17th and Eye Sts. Suites arranged to suit any business, ot exceptionally moderate rentals. Rooms, $30 each. Square toot rate as low ms S1.56 ver_ foot One ground floor store svailable.” $200 month. disch;rged red by Sret de Prevamwmwmt and_comm! el 2 Joseph [ efficiency | 1417 F St. N.W.—M. 9411 Money to Loan b Open Evenings pea of trust on reaf estate. iom, ferss?, Vacation Hazards —are not to be dis- counted. Leave a bind- ing WILL, so your af- fairs can be settled, AS YOU PLAN, should the unforeseen happen. qConfer with Our Trust Dept. before leav- ing town. duties of every nature with &7 Safe Deposit Boxes. Nafil@]ma]l —112 Years Old Metropolitan Bank 15th St., Opposite U. S. Treasury and economy A Third of a_Century’s Eiperstnce Increase Your Rental Property Profits by having us manage it. For a third of a century we have been relieving owners of all, details, keeping their properties rented, and showing them better earnings. Our methods have been proved successful. Make us prove them again for your benefit. B. F. SAUL CO. Main 2100 925 15th 5t. NW. R e e R e . ' Own a Packard The number of Packards vou see on Wasiington streets is proof of Packard goodness amd popularits. Many of them wers bought used Why not look over those traded Packard and good cars i r‘_‘fi“‘!fi‘fi@.’! RO Kalorama Gilt-Edge First Mortgage Notes Available In Amounts of $100 Up Safety and Service Our Motto s to a client gle penny, or interest. Send for Booklet CHAS. D. SAGER Since 1906 924 14th M. 36 Arlington. SAFETY 6:%T% The strong security of mod- ern, income-producing city property; 1 The protection of safeguards | | that have resulted in our | record of no loss to any investor in 53 years; 1 Adefinite,dependable income | of 637 or 77— These, in brief, are the advan. || | tages which our current offerings of First Mortgage Bonds offer for your funds. Bondsmay be re- | served now for July investment. Send your name and address on the form below for descriptive circulars, and for our two book- lets about Smith Bonds. THE E H. SMiTH Co.| Founded 1873 SMITH BUILDING ||| Washington, D.C.---Main 6464 | | New York Philadelphia Pittsburgh | Boston Buffalo Albany Minneapolis | TOMORROW S Arlington Memorial Bridge Already the engineers are commenc- ing the preliminary work for the con- struction of the heautiful Arlington | Memorial Bridge, spanning the Poto- ed mac between the Lincoln Memorial and Arlington Cemetery. It will be 2 mag- nificent connecting link, preserving the chain of Government edifices which will then stretch from the Capitol to The connecting link for the individ- ual between present earning power and future comfort and happiness is the investment in safe 'first ‘mortgages. For fifty-seven years, Swartzell, Rheem and Hensey Company has handled first mortgages on Washington property ex- clusively, and has thus served as the connecting link for thousands of satis- fied clients. And today, we want you to avail yourself of our service and safety, and benefit by the present liberal return of 614 %. . Swartzell:Rheem & Hensey Co., Mort§age Bankers T27151h. Street, N.W., WashingtonDC. &7 Years Without Loss to An Investor. BOND MEN Are you satisfied with your present connec- tion? Does it offer a real future for you? Are you rewarded for your sales ability? Here Is Your Opportunity Ours is one of the oldest bond houses in the busi- ness, noted for its high-grade securities as well as its policy of protecting the interests of its clients and employes. We are enlarging our sales force and those who are eligible will have a real future. We offer a grad- uated plan of comperisation based on a liberal draw- ing account. If you are convinced of your ability of meeting our requirements, this is an opportunity warranting immediate investigation. Kindly write B. F. D,, 815 15th St. or telephone Main 6465 for an appointment 0000006660660 000000000000000000000000000000000000000004004 WASHING TON, crease of §2 a ton in the price of steel beams is reported from the Pitts- burgh district. STEEL BEAMS HIGHER. NEW YORK, June 24 UP.—An in. | PSYCHOLOGY OF THE Jtock Marker- A 93 page cloth bound book written by a leading Boancial suthority. Containg many scientific facts of great value to you, as an investor, trader or business man. Complimentary copy turnished while Limited aunply lasts Ask for S. 512 Packard Sedan ~—famous 3-26 model — varnished and looks new. new type steering—low p: sure tires—oil rectifier, etc. complete extra equipment. Packard — 1707 Kalorama of Trustworthiness 6!2% Convenient, amaunts of $100 and up An enviable record that clearly e ins the increas- ing number of investors who choose First Mortgage Notes sponsored by e VA Smders Cose Founded 1837 1433 K Street—Main 1016 The New York Life Insurance Co. I Offers to Make First Mortgage Loans On Improved Real Estate in the Dis- trict of Columbia and Nearby Suburbs in Montgomery County, Maryland FOR 3, 5 OR 10 YEAR PERIODS 5%% ON APPROVED SECURITY Apply Apartments H ainies Office Buildings Business Propertles - RANDALL . H. HAGNER & COMPANY' . MORTGAGE LCAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 FINANCIAL. REAL ESTATE LOANS APARTMERT HOUSES 51/2% BUSINESS PROPERTY RESIDENCE LOANS AT LOW RATES FRED T. NESBIT v W 010 Vermont Avenue N. Main 0392 We Buzs’-Sell Unlis | Stocks &Bonds 'Mehiman & Co. 10 F S¢-NW- Do You Need a Building Lean? We have a special fund set aside for this purpose and can give you tmmediate action on your con- struction financing requirentents, at lowest current rates! Consult BOSSERPHELPS FOUNDED 1007 1417 K Street—Main 9770 “It is hard for an empty sack to stand upright.” Benjamin Frankln -And it is equally difficult for a man to grasp his great opportunity if he has failed to be financially prov- ident—for so often opportunity is accompanied by the necessity of “retainer” or “good will.” And so that you may be able to grasp your great opportunity START SAVING A PART OF ALL YOU EARN. INVEST IN A SAFE MEDIUM— FIRST MORTGAGE NOTES ANNUAL RETURN 61%4% Mortgage Investment Department YHANNON - & LUCH 713, 715, 717 14th St. N.W. Main 2345. June 24,1926 ALL OF THESE BONDS HAVE BEEN SOLD $25,000,000 United States of Brazil 6%2% External Sinking Fund Gold Bonds of 1926 To be dated April 1, 1926 Due October 1, 1957 Part of these bonds have been withdrawn for sale simultaneously in Europe by Messrs. Mendelssohn & Co., Amsterdam, Nederlandsche Handel Maatschappij, Pierson & Co., R. Mees & Zoonen, Amsterdam, Skandinaviska Kreditaktiebolaget, Stockholms Enskilda Bank, and others. Authorized and to be presently outstanding $60,000,000. Interest payable April 1 and October 1. Coupon bonds in denominations of $1,000 and $500, registerable as to principal only. Principal and interest payable in United States gold coin of the present standard of weight and fineness in New York City at the office of Dillon, Read & Co. or, at the holder’s option, in London in Sterling at par of ex- change at the office of Messrs. N. M. Rothschild & Sons, free of all Brazilian taxes, present or future. Non-callable except for the Sinking Fund. The National City Bank of New York, Countersigning Agent. The total issue is redeemable by maturity through the operation of an accumulative sinking fund which will call bonds by lot, semi-annually, for redemption at par and accrued interest The Brazilian Goverpment has agreed to make application in due course to list these bonds on the New York Stock Exchange The following information is contained in a statement furnished by His Excellency Dr. Annibal Freire, Minister of Finance: ‘These bonds will be the direct obligation of the United States of Brazil, and are issued under authority of Law No. 4625 of December 31, 1922, and Law No. 4984 of December 31, 1925. The total issue of bonds will be specifi- cally secured, in the opinion of counsel, by a first charge on the receipts of the Government from Income Taxes and Taxes on Invoices (Contas Assignadas Duplicatas), by a charge on the Consumption Taxes subject to the charge of the 8% Loan of 1921, and by a charge on Import Duties subject to the charges of the 5% Sterling Loans of 1898 and 1914 and the 8% Loan of 1921. The total revenue derived by the Government from the above sources in 1924 was $117,000,000, and in 1925 $148,373,000. After deduéting the indicated prior charges upon a portion of this revenue, which amount to approximately $11,798,400 per annum, there would have remained from the above sources in 1925 the sum of $136,574,600. The service of the issue of $60,000,000 bonds for both interest and sinking fund calls for $4,500,000 per annum. SINKING FUND An accumulative sinking fund of 1% per annum, payable semi-annually, will be applied to the redemption of bonds by call by lot at par and accrued interest. The sinking fund will be increased by amounts equal to interest on bonds previously redeemed. This sinking fund is calculated to retire all of the bonds of this issue by maturity. NATIONAL DEBT The national funded debt of Brazil on December 31, 1925, was approximately $936,000,000, of which $626,000,000 was external. This represents a per capita debt of approximately $30, as against which the per capita national wealth is estimated at approximately $530. The Government has undertaken to resume in 1927 the sinking funds, on certain Sterling Loans, which have been in suspense under the terms of the Funding Agreement of 1914. The proceeds of the bonds are to be applied in reduction of Treasury obligations including floating debt. (All conversiogs above of paper milreis into dollars are at the rate of 14.50 cents per milreis. Other conversions are at par) The statements quoted above, received partly by cable, have been accepled by usaq accurate butare in no event to be construed asrepresentationsby us. We offer these bonds for delivery when, as and if issued and accepted by us and subject to the approval of all legal malters fLalar counsel, Messrs. Cotton Franklin, New York,and Dr. Alfredo Bernardes da Siloa, of Rio de Janciro. It (s expected Temporary Bonds, or Interim Receipts of Dillon, Read & Co., wil be ready for delivery on or about July §, 1926. Price 90% and Interest. To Yield over 7.25% to maturity The above is subject to a circular, containing further information, which may be obtained wpon request. Dillon, Read & Co. The National City Company Lee, Higginson & Co. Blair & Co., Inc. White, Weld & Co. The First National Corporation Continental and Commercial Trust and g:;lf;'gs Bank [llinois Merchants Trust Company The Union Trust Compasy Kissel, Kinnicutt & Co. Ladenburg, Thal;:::& Co. Hemphill, Noyes & Co. Cassatt & Co. ‘ Edward B. Smith & Co. Paine, Webber & Co. / Janney & Co;