Evening Star Newspaper, July 20, 1926, Page 21

FINANCIAL. OTTONADVANCES AFTER DECLINES ervousness About Weather Outlook' Leads to Rally Following Drop. Bs the Associated Press. EW YORK, July 20.—Cotton fu- December, March, 17. a decline of 3 to 7 points in cotton the opening The rapid upturn from opening hieaviness tiributed to the ex- eme nervousness of traders over possibilities of a return of showery conditions in the Southwest, predict- ¢ some of the local weather buyers were ese connections, off , | double those of a few months ago. — | but beef has not been so active and " | prices In that product are easit ng with low n due, and fi of 4 to 6 points. ther report made mno 1 in the belt, the mar- 1 to ease off in the early ading until October dropped to december to 16 rst hour the r K ing induced by unfavorable Crop reports, prices recovering 8 to 14 poin m the lows Money to Loan Becured by first deed of trust on real Preyailing interest an M Stocks & Bonds 1"1!';'“%“ & Co. Gilt-Edge First Mortgage Notes Available In Amounts of $100 Up Secured On Improved City Property Mostly Medium Priced Homes Safety and Service * Our Motto —with never a loss to a client of as much as a single penny, in either principal or interest. Send for Booklet CHAS. D. SAGER Since 1906 924 14th M. 36 Smt;ll House Markét It _you have n small house to or with to BUY—for quick service con- It Frank A. Gibbons + ":ir{ Small Property Iestracee Main 218 BUSINESS MAN c{ COOL PLUNGE and thern LUNCHEON \WARDMAN PARK HOTEL Jpecial Midday Feature 5 15055 2 o, COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY DETROIT, .July 20.—The Durant Motor Co. now is turning out Star cars at the rate of 200 a day and ex/ pects to produce 3,600 cars during July. It is shipping as high as 260 cars on some days and sales are run- ning about 25 per cent above those of last year. PITTSBURGH—Estimates place the number of idle blast furnaces in this district at 35 per cent of the total. None of these idle furnaces is being prepared to be put in blast at present. Finishing mills are running at slight- 1y lower pace than last month, but de- mand for structural steel is good. VIRGINIA, Minn.— The Virginia and Rainy Lake Lumber Co., owner of some of the largest white piae nrills in the country, is running its largest plant on two shifts,~and a smaller plant on one shift. It is also doing Summer logging in some districts. PORTLAND.—Apples in the North- west are so plentiful that early stock ils selling today at’the lowest price in many vears. Both apple and pear orchards are expected to produce rec- ordscrops in Washington, Idaho and Oregon. BOSTON.—Curtailment in Southern production has been followed by a slight betterment in the textile situa- tion in New England. Sales of the active cloth constructions are almost CHICAGO.—Packing house trade is holding fairly well. Pork is going in moderate volume at steady prices, REAL ESTATE LOANS ANY. AMOUNT l /i APARTMENT HOUSES /2 0 BUSINESS PROPERTY RESIDENCE LOANS AT LOW RATES FRED T. NESBIT 1010 Vermont Avenue N Metropolitan Life Insurance Company | Real Estate Loans —in the District of Colum- ! bia, nearby Maryland and | Virginia. 1 ;WEAVER BROS | REALTORS I 809 15th St. NW. , || Phone Main 9486 THE EVENING STAR, WASHINGTON, D. C, TUESDAY,V JULY 20, 1926. LOANS TO BROKERS. The Federal Reserve Board an- nounced last night that loans held by brokers and dealers in New York city, member banks of the Federal Re- serve system amounted to $601,- 257,000 for the week ending July 14, as compared to $2,602,788,000 for the previous week. —_— - Have You Been Stung Yet? Some men have to get stung good and hard before_they learn to be cau- tious in making investments. Before you invest—investigate! ' MbNEY Reasonable Rates and Prompt Action on all Applications. Real Estate Mortgage & Guaranty Corporation 26 Jackson Place Washington, D. C. L. E. Breuninger, President Facts and Figures | on Washington Securities D | J7E have just sssued a | pamphlet containing valuable information on all securitics listed on the | Washington* Stock Ex- change. High and low quo- tations for the year to date, | call prices of preferred | stocks and bonds, dates on which stocks sell ex-dwidend, snformation on the intangi- | ble tax and other data help- ful to the investor sn Wash- ington securitics are found | #n this handy booklet. Free Upon Request et Y.E. BookEr & Co. INVESTMENT BANKERS 1508 H Street N.W. Franklin 260 Franklin 261 | Members Washington Stock | Exchange SN 5% PR £ AT B ¢ d ~, NG . Interest —in the proper invest- of your surplus funds may mean lack of interest you should be re- ceiving on those funds! ment Consult— 6%2% First Mortgage Notes Un A Sapncers Coce Founded 1387 1433 K Street—Main 1016. The New York Life Insurance Co. 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 Houses Business Properties - 516% Apartments Office Bulldings ON APPROVED SECURITY Apply RANDALL H. HAGNER. & CGOMPANY MORTGAGE Loan 1321 Connecticut Avenue GORRESPONDENT Telephone Main 9700 17th and Eye Sts. Sultes arranged to suit any business, At exceptionally woderate rentals. Rooms, 850 caih. Sguars foot rate us low as $1.56 ver foot. One ground floor store available.” $200 month. MGDRE & rosean CIILLE DA AS AR A A AA ) Maximum HANNON " 713, 715 and 717 14th St. Make Your Funds Produce - The money that you had available July 1st—Have you reinvested it in a maximum producing medium, or is it lying idle—or paying you a low rate of interest? Our First - Mortgage Notes “—are secured by improved Real Estate in the Nation's Capital. They yield an annual return of 62:% Mortgage Investment Department Interest & LUCH Main 2345 RUBBER ADVANCES. — NEW YORK, July 20 (Speclal).— Crude rubber, smoked ribbed sheets, advanced a quarter of a cent at to- day's moon’ quotation of 41% cents. This compares with 443% cents a month ago and $1.20 a year ago. IN MARKET FOR CARS. NEW YORK, July 20 (®).—The Chicago Great Western is in the mar- ket for 300 box cars and 200 automo- bile cars. The City of Philadelphia has asked for bids on 150 subway cars. / FLOUR GOES HIGHER. BALTIMORE, July - 20.—An in- crease of from 25 cents to 75 cents a | barrel on Western grades of Spring | and Winter patent and straight and bard Winter patent and straight flours was announced at the Flour Exchange today. 1 | | o/ Md-Yesr Rewiew OF YOUR INVESTMENTS URING the mid-year inveggment period D a great many investors follow the wise practice of taking stock of their holdings, to determine the advisability of replacing certain issues, and to decide what class or classes of securities afford the most suitable investment for current funds. We shall be glad to assist you in answering these questions by reviewing the securities you now own, giving you an unbiased report on their present status, and suggesting changes or additions that may tend to strengthen your investment position. 1 Since 1883 the investment banking house of Crane, Parris and Company has been helping investors to select trustworthy securities suited to their needs. You may feel free to consult us at any time about securities which you own or contemplate purchasing, with the assurance that by doing so you incur no obligation. CRANE, Parris & CoMPANY Investment Bankers Since 1883 823 15th Street, N. W, Telephone, Main 593 Maryland, Pennsyloania or District of Columbia Tax Refunded $750,000 i Security Bond & Mortgage Company Series D First Mortgage 6% Collateral Trust Gold Bonds Secured by Guaranteed First Mortgages on Completed Fee Simple Properties Maryland Casualty Company, Baltimore, Md., Guarantor Maryland Trust Company, Baltimore, Md., Trustee : Bonds dated August 1, 1926 Interest Payable February 1 and August 1 SERIAL MATURITIES $100,000 payable August 1, 1927 $100,000 payable August 1, 1929 100,000 e Augusc 1, 1928 $225,000 payable August 1, 1930 $225,000 payable August 1, 1931 Coupon bonds in §1,000, $500 and $100 denominations. registerable as to principal. Principal and semi-annuai interest payable at the Maryland Trust Company without deduction for the amount of the normal Federal income tax of 2 per cent. Bonds redeemable at the option of the Company at any time, upon 30 days’ nolice. at par and accrued interest, plus one-half of one per eent. for each year or fraction thereof to maturity. Legal Investments for National Banks BUSINESS—The Security Bond and Mortgage Company is engaged in making first mottgage loans on completed, fee simple properties in Southern States, and in issuing bonds secured by these first mortgages after payment of principal and interest on them has been guaranteed by a surety company. The company has affiliated with it a number of local mortgage companies, operating in the cities in which most of its loans are made. SECURITY—The security for the bonds of this issue s threefold: obligation of the Security Bond and Mortga, ompany; (2) they are further secured dollar for dollar by first mortgages on fee simple real estate; (3) they are still further secured by the Maryland Casualty Company’s unconditional guarantee of principal and interest on each mortgage. (1) The bonds are the direct { GUARANTEE The Maryland Casnalty Company, with capital and surplus of $10,106,749.53 and resources of $37,218,246.78, guarantees unconditionally the payment of principal and interest on each mortgage. | | PROPERTIES—The properties securing these guaranteed first mortgages are owned in fee simple by responsible borrowers, and each dwelling or other structure is completed. LOANS—The basis of loans approved by the Maryland Casualty Company for these guaranteed first mortgages is as follows: Up to 50% on city residential and general utility business properties or up to 60% when provision is made for periodical reduction of the principal; up to 40% on special purpose business properties; up to 40% on properties in smaller cities and towns, or up to 30% when provision is made for periodical reduction of principal. The average for this issue is less than 42%. APPRAISALS—To determine the value of each property, three apprai: or mortgage company in the city or town in which the property is located; (2) by the local Real Estate Board; (3) by the Security Bond and Mortgage Company. . TITLES—The guarantee of the Maryland Casualty Company is made without reservation as to title. Each title, however, is guaranteed by a title insurance company acceptable to the Maryland Casualty Company; or, in places where the: re no title companies, each title is examined by an attorney acceptable to the Maryland Casualty Company. TRUSTEE—AIl of the guaranteed first mortgages pledged as security for these bonds are deposited with the Maryland Trust Company, a bank and trust company with capital and surplus of $1,500,000 and resources of $10,788,283.04. TAX REFUND—The Security Bond and Mortgage Company agrees to refund any State, County or Municipal tax which a holder may be required to pay on these bonds up to 5 mills, provided written application for the refund is made within two months after the due date and payment of such tax. el optnions by Masers: Jarvigy; Oles, Slinglaff & Weelltame; Bolimese, M.z for the barers: O e K TG htd Pty ahiels, Mo foe e hehir Bonds offered when, as and if issued 100 and Accrued Interest, to Yield 6% J. A M. Iglehart & Co. Frvestment_Bankers PRICE: MEMBERS BALTIMORE ;STOCK‘ EXCHANGE Coal Exchange Bid 102 Rt. Paul St. RE WILKES-BARRE, PA. BALTIMORE, MD. 719 15th St., N. W. WASHINGTON, D. C. ¥ ; The statements congained in this advertisement are based on Information which we regars as rellabl ot ot i as » Eadiu (N ke’ guinchiane oF-(he SARINCIR Shr oo Lo THaRy, Ayt made: (1) By a Bank- f | l FINANCIAL. Over a Third of a Century's Experience Greater Earnings From Apartments —is the goal of our Prop- erty Management service to owners. That we sel- dom fail to achieve it is evidenced by our list of satisfied clients—growing steadily for over a third of a century. Your phone call is our call to action. B. F. SAUL CO. Main 2100 . “‘Most great industrieseterted with a small beginning— like- vise, great lutunn."‘ HAVE A DEPOSIT DAY Deposits invited in any amount — same rate of interest paid on large and small accounts. National Savings & Trust Co. 59th Oldest Savings Institution in Washington Year Cor. 15th and New York Ave. Wise Investment THE success of those who hold responsible positions has been won, in many cases, through their wise choice of investment se- curities. The Federal Security & Mortgage Company deals in conservative mortgages, based on stabilized property values, thus insuring safety as well as offering a highly profitable return to the investor. The management comprises a group of bank- ers, real estate and business men of excellent character and high standing. The cumulative preferred stock bears an im- mediate return of 87,. The dividends are free from the normal Federal income tax and the stock is free from the D. C. intangible tax. | 10 Shares 87, Cumulative) | Preferred $10 par value. . . | $125.00 10 Shares Common, no par| : value . o N G C.E.MORAN&CO Incorporated . INVESTMENTS SOUTHERN BUILDING - - Fiscal Agents for FEDERAL SECURITY & MORTGAGE COMPANY 1412 K STREET NORTHWEST WASHINGTON, D. ¢ Tclephones: Main 36 — 1@ S1X CURRENT ISSUES OF SMITH BONDS ACIRCULAR we have just published «describes six issues of Smith Bonds which we regard as the most attractive group of investments we have ever of- fered at one time. * 1. These bonds combine interest rates of 624%, 634% and 7% with the safeguards that have resulted in our record of no loss to any investor in 53 years. 2. Appraisals by local real estate au- thorities, in the cities where the proper- ties are located, show the wide margin of security between the value of the prop- erty and the amount of each mortgage. - This margin of safety is constantly in- creased by monthly sinking fund pay- ments. 3. The properties which constitute the first mortgage security are located in ‘Washington, Philadelphia, Pittsburgh, Buffalo and Albany. You have a wide range of choice if you wish to purchase a single bond, and a widely diversified se- TO ANY lection if you are prepared to purchase INVESTOR several bonds. N ‘Denominations: $1,000, $500, $100 53 YEARS Maturities: 2 years to 10 years Send your name and address on the form below for our two booklets and for our current circular. THE F. H.SmiTH Co. Founded 1873 MITH BUILDING: Washington, D.C.-~-Main 6464, W YORK PHILADELPHIA PITTSBURGH BUFFALO ALBANY MINNEAPOLIS 1—15 NO LOSS