Evening Star Newspaper, September 14, 1926, Page 31

FINANCIAL. FINANCIAL. STAR, WASHINGTON, D. C, TUESDAY, SEPTEMBER 14 T. 8. DAIRY PRODUCTS. NEW YORK, September 14 (P).— ¢ Net sales of United States Dairy Prod. | A P aon,LOAN 1926 were $6,501.174. compar | $9.082,863 for the full veas ! for devclopment & hm The flpAll:l Realty Compans. Inc income fo e for the halr ye Insurance Bldg.. 15th and Eyé 21114 acres, between equal to the amount $451.019. upainst $454 erease in gross a College partly due to a ition of two ad ero:dulr. Pn:‘;(md?:!‘: from Washington Boulevard to Edmond- ditonal subsidi in the first half of 1926, Baiance after all charg son Road, now offered for sale. fand ¥ "l in making rd befor 3 ) be ca Entare Joscrh‘i. ‘\Veii‘:r REAL ESTATE AT\TE LOANS LOAN MAN Ty 5% Open for Engagement Address Box 129-H, Star Office Rl You invest—inves E LOANS AT LOW RATES FRED T. NESBIT The in 1010 Vermort Avenue N.W. Main 9392 enues was The New York Life Insurance Company First Mortgage Loans On Tmproved Real Es and Nearby Suburbs in Montgomery County, 10 Years 803 Wilkins Bldg. Main 6189 preferred dividends was squal to a share on the common stock te in the District of Columbia Maryland I T HIS ftract of land. about ten miles from the Capitol Build ing and in the heart of a WOIfLD BOOST GAS TAX. n.. September 14 ase in the gasoline Life Insurance Co. makes 3 Years, 5 Years, 000 and $19,000,000, t= a gallon will be ate hetween $18. BUSINESS | OPPORTUNITY { i { about $3,500.000. There are five men in Washington whom | want to become associated with me in a manufacturing organization that has bilities. They may be bankers, busi- world-wide possi- ness or professional Government offi 3 or mechanics— men, clerks They must have faith in themselves, in their fellow- men, good hard common sense and not afraid of hard work. There is not a man in this city who is too big to become connected with this prise. Analyze yourself — if you are sure you can measure up to the above requirements— let me hear from you. enter- Address Box 150-H Star Office 'WE WILL | SELL i F. H. SMITH (RONDS) $4000 Boulevard Apts. o 961, 1500 Crestshire Apt. 634, %. ...961, | 1319 F ST PHONE ASK N MAIN FOR MR You Can Build a Small Fortune with $45 a month Do vou realize that $453, invested monthly at 8% vield, and compounded monthly, will grow to more than $16000 in 15 an Increase of | repidly growing section. offers an exeellent opportunity for a profit able suburban development The properts has a frontage of 14561, fest on Washington Boulerard and is intersectad by the lines of the Cits and Sub- urhan Electric Railway and the Baltimore & Ohio Railroad. The Riverdale Station of the Baltimore & Ohio Railroad is about one half mile from the property. The frontage on Edmondson Road is adjacent to the lines of the Wash ington Interburban Eleetric Railroad. A plat of this properts and par. ticulars concerning the terms of aale may he obtained from Mercantile Trust & Deposit Co. CALVERT & REDWOOD STS. Continental Trust Co. 14th and H Streets Capital $1,000,000.00 Checking Accounts Savings Accounts Jime Deposits Foreign Exchange Commercial Credits Travelers’ Credits Travelers’ Cheques Acceptance Credits Collections Real Estate Loans Collateral Loans Investment Securities Corporate Trusts Individual Trusts Administrator, Executor Safe Deposit Boxes Continental Trust Co. 14th and H Streets Capital $1,000,000.00 T FIRST TRUST LOANS For 5, 10 and 15 Years on Washington and Nearby Maryland Properties Low Interest Rates DOUGLASS & PHILLIPS, i - Inc. | 1516 K Street. Frank. g A g Professional Service & g Careful Study of City Central Locations g Enables us To Consumate e Advantageous Transactions For you. City Central Property Dept. -+ Serving the Third and Fourth Generation 11t speaks well for the administration of this bank's affairs, that in numerous instances, The Metropolitan is now serving the second and third generations of original patrons. f'Whatever the extent or character of your banking busi- Oldest National Bank in the | District of Columbia ness, a bank with such a record as ours, is eminently qualified to give vou service of the right type. One Dollar or More Will Open a Savings Account Open Until 5:30 P.M. Tomorrow for Payday Depositors’ Convenience DIRECTORS: A. Lisner ‘Thos. Somerville Arthur A. O'Brien Merle Thorpe ©. F. R. Ogilby Huzh Reilly B, Prancls Riggs . Arthur T. Brice . Walter Brownley Fred'* DeC. Faust Wm. F. Gude Charles Jacobsen O. H. P. Johuson Rudolph Eauffmann 3 . Wimsa . Dr. Thos. Kelley, Jr. Herbt. T. Shannon Geo, W. White Ast. Cash. Maj. Henry Leonard H. C. Sheridan National Metropolitan Ban 0. H. P. JOR! 5 : FRED'K DeC. FAUST ... .T. O R. P. HOLLINGSWORTH . .Ast. T. Off. . I JAcomsmw John C. Weedon 713 14th Street Main 2345 BRI AU R 5 § SHANNON_ & LUCHY % % @ R AR R Dated August Interest pavable Coupon bonds of Co. of Americ 7% BUSINESS : and without deduction for any Pennsylvania tax not exceeding four mills per annum on each a whole or in part by iot and for sinking fund 103 to and including Aug: Common Stock—No Par Value Capital. Surplus and Undivided Profits, Over $2.000,000.00 15th St. Opposite U. S. Treasury—112 Years Old Ef% on Sa'\;ings' ‘Walter R. Tuckerman| I TN IR T (I I I = I T T T $4,000,000 STANLEY-ROWLAND-CLARK CORPORATION First Mortgage 6% (Fee and Leasehold) Sinking Fund Gold Bonds 1, 1926 Due August 1, 1946 Stanley Company of America guarantees payment of principal and interest by endorsement on each bond Semi-Annually, February and August first, without deduction for Federal income tax not in excess of 2% ollar of the principal amount. $1.000, registerabie as to principal, redsemanle on interest pament dates at the option of the Company as purposes on thirty davs notice at the following prices and accrued interest: 1, 1936, 103 to and including August 1, 1941, 101 thereafter prior to maturity. PEOPLES SAVINGS AND TRUST COMPANY OF PITTSBURGH, Trustee The following information is contained in a letter to us frem Mr. Jules E. Mastbaum, President of Stanley a and Stanlex-Rowland-Clark Corporation: CAPITALIZATION First Mortgage 6% (Fee & Leasehold) Sinking Fund Gold Bonds. ... $4,000,000 3,000,000 4,000 shares Stanlev-Rowland-Clark Corporation, a Pennsylvania Corporation, will acquire and oper- Preferred Stock—Par Value $100. . Homes Apartments 5Y%% Office Buildings Business Properties RanpDazy H. FAGNER & GOMPANTY Incorporated. MORTGAGE LoAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Anticipate the Future 0Old age may mean years of delightful fulfillment if now, in your prime, you are establishing a capital that will event- ually furnish you A DEPENDABLE INCOME. Our Partial Payment Plan has solved this problem for many ambi- tious people. It provides for the pur- chase of a Safe, Dependable and Re- munerative FIRST MORTGAGE INVESTMENT DIRECTORS: JAMES J BECKER Open Until 5:30 P.M. Tomorrow & Thursday Sept. 15th and 16th Strength plus Service f'You want the utmost in protection for your Pay Day and other deposits— and that's what this fifty- nine-yvear-old bank is pre- pared to give you, in full- est measure. fCapital and surplus of three million dollars, con- servative management and service backed by over half vears? Y[QoDp Cities Service Common stock t its present price and divi nd rate pays vou a net vield over 81,% in cash and dividends. This attrac- tive vield can be compounded monthly ecause divi- dends are payable monthly a century’s experience pro- tect the cash of our 47.000 customers. ate the chain of twenty-two motion picture houses in Pittsburgh, Pennsylvania, and vicinity, known as the “Rowland and Theatres. PROPERTY: [en of the theatre properties are owned in fee; eleven are operated under favorable leases. In addition tie Corporation has leased for 99 years the property in the heart of Pittsburgh located at Liberty Aver eventh Street and Penn Avenue. On the Liberty Avenue front, an ofhce building of modiern fireproof construction of twenty-three stories will be erected. The balance of the site will ke cevoted te a new theatre of most modern design with a seating capacity of 4,000, and a ten-foot allevway which will separate the otfice building from the theatre. SECURITY: As sccurity for these bonds the trustee will have (1) a closed first mortgage on the lease- hold estate at Liberty Atenue, Seventh Strect and Penn Avenue, comprising the site of the proposed new theatre and office building, and during construction will hold for disbursement the proceeds of sale of these bonds designated for that purpose under the provisiors of the mortgage: (2) a satisfactory bond for completion; (3) the entire capital stock of the Mt. Vernon Realty Company, which owns an option to purchase the leasehold prem . (4) a closed first mortgage on nine additional parcels of land and the ten theatre buildings thereon The American Appraisal Company has appraised the leasehold estate after completion of the proposed theatre and ofhice building, together with the interest in the option to purchase the leasehold premises represented by pledge of the entire capital stock of Mt. Vernon Realty Company, at $4,740,010; the nine parcels of land at $528,557; the improvements thereon at §915,271; a total of $6,183.838. Policies of title insurance are to te issued on the more important properties by the Real Estate Title Insurance & Trust Co., Phiiadziphia, Union Fidelity Title Insurance Co., and Potter Title and Trust Co., Pitts- burgh The four remaining properties are to be covered by satisfactory opinions of title by local counsel. GUARANTEE: As additional security, Stanley Company of America unconditionally guarantees the prompt payment of the principal and interest of these bonds by endorsement on each bond. The present market value of the outstanding capital stock of Stanley Company of America is in excess of §45,000,000. EARNINGS: Current annual earnings of the properties of Stanley-Rowland-Clark Corporation are in 0 excess of the interest charges on these bonds. Earnings of Stanley Company of America, as certified to : by Messrs. Edward P. Moxey & Co., Certified Public Accountants, Phila., available for the guarantee YOU can depend on Smith Bonds for safety. For more than half a century of tresc bonds, were: 1923 every dollar of interest and maturing ]0:4' h principal on first mortgage investments I“Ei g sold by The F. H. Smith Company has 1920 (26 weeks) . . 2 been paid promptly and in full. Average 314 v Same Rate of Interest Paid on Large and Small Accounts National Savings & Trust Co. 59th Capital and Surplus, $3,000,000.00 y Oldest Savings Institution in Washington Year g g Cor. 15th and New York Ave. vour 17th and Eye Sts. Snites arranged At Send coupon for full information to «'t any exceptionally A Sauars an low s $1.38 zround flaor e. $200 monih. store Please send me tion about Cit; mon stock (18 mforma- ice Com- You CAN DEPEND ON 4 Third of a Century’s Experience The Prospects for Your Property —what are they? Not. only the “prospects” vou may have for tenants, but the profit-making pros- pects of the property itself> Have us analyze the situation and apply the Management meth- ods vou need., B. F. SAUL CO. 925 15th St. NoW. $1,142,656.87 You can depend on Smith Bonds for in- come. The intérest rate on Smith Bonds is the highest consistent with our record of no loss to any investor in 53 years. These earnings do not include any revenuc irom interests in the major properties recently acquired or certain substantial expenditures madle by the parent company and its subsidiaries. SINKING FUND: Provision has been made for an ennual Sinking Fund, teginning in 1929, sufficient to retire $200,000 par value of these konds each year. The operation of this Sinking Fund should retire more than 75% of the issue by maturity. MANAGEMENT: Stanley Company of America, one of the principal companies engaged in the exhibition of motion pictures on the Atlantic rd, will acquire the entire issue of the preferred stock and 757 of the common stock of Stanley-Rowland-Clark Corporation. The properties operated by the Corporation will continue under the management of the present "Rowland and Clark™ chain, supplemented by the executives of Stanley Company of America. Current offerings of Smith Bonds, se- cured by first mortgages on modern, income-producing city property, com- bine the interest rate of 6149 with safeguards that have resulted in our 53-year record of perfect safety. Main 2100 — t: Building and Permanent LOANS invite applications, which will be given prompt consideration, for building loans on all classes of high-grade income-producing properties, in amounts of $250,000 upwards. Write for Booklet W AMERICAN BoND & Mort6AGE Co. Esrablished 104 AN OLD RESPONSIBLE HOUSE Incorporated Capital and Surplus over $8.500,000 WTLT IAM L. BROWNING, District Manager 211212 Transporration Beiiding Telephone: Main 884 17th AND H STREETS, N. W., WASHINGTON, D.C. Chisge New York Cloveiasd Detroic Bostes Philedsiphis aad over thirey ocher sitis | | You may buy Smith Bonds outright in 2 to 10- year maturities, and in denominations of $1,000, $500 and $100. Also, you may buy $500 or $1,000 bonds by 10 equal monthly payments. Regular monthly payments earn the full rate of bond interest. We offer these bonds. when, as and if issued & Bockius for the bankers, and Nessrs. Wol bonds will be ready for delivery on or about September 23, 1€ Philadelphia, Pa. tv by Messrs. Morgan, Lewis It 15 expected that temporary smith & Co., 1411 Chestnut St., NO LOSS TO ANY . s g i INVESTOR || Price 99% and interest, yielding over 6% . N 53 YEARS Send your name and address on the form below for descriptive circulars and for our two booklets. 'THE F. H.SmrtH Co. Founded 1873 | |'SMITH BUILDING: Washington, D.C..-Main 6464, PITTSBURGH | MINNEAPOLIS EDWARD B. SMITH & CO. CASSATT & CO. BROWN BROTHERS & CO. HAYDEN, STONE & CO. PHILADELPHIA BUFFALO ALBANY This information herein contained, while not guaranteed, is obtained from sources which we believe to be reliable, NEW YORK | BosTON Name Address