Evening Star Newspaper, November 5, 1926, Page 15

FINANCIAL. THE EVENING BTAR, WASHINGTON, SEAFOOD DEMAND HEAVY IN MARKET o : | light, market steady; Florida, Turkey Receipts Continue | best, mostly’ 450, Sorme siuek Fairly Heavy—Other Fowl Eagerly Sought orning trading at Municipal | rket active, due t products for the | s in othe evidenced. Snappy weather brought increased trade in all food future continue farly | and nat > in good de ducks and keats . while the call fo ater than the Supply. bits are not yet plentiful, and e prices are not quoted. i 8 ording to fter the opening of the on in Maryland and nd vegetables are being re ceived in quantities sufficiently lars: to supply demands. The butter and | ¢ et continues firm Today’s Wholesale Prices. one-pound _ prints store packed, 3 e current receipts, 45; stor- Alive—Turkeys, white Le 14 thin, t and Vegetable Review. , s market report on frusis and tables, compiled by the Market e Tureau of Agricultural | liberal; def d Virgir I dium to Maryl: ! per ton,” Danish’ type, | 0,00, | lery—Supplies moder > fl Concords, Lettuce Market Steady. ' supplies moder i d 5 e Rer, Sl s | UNITED PORTO RICAN | | —Crude rubber,smoked ribbed sheets | declined 1 cent at today's noon quo- quality and condition; | Supplies light; demand | , market firm; M 150-pou No. 1. pound r—” WE FINANCE —all classes of income-producing property||| Large Loans a Specialty Current nt. rate and commission | Higbie & Richardson, Inc. Construction LOANS D. C. and Maryland FRED T. NESBlT 1010 Vernont Ave. 92 rProvidenl Mutual Life Insurance Company Funds to Loan In Small or Large Amounts at 51¢ Per Cent WM. H. SAUNDERS CO., Inc. Kealtors 1433 K St. NNW. Main 1016-7 Continental Trust Co. 14th and H Streets Capital $1,000,000.00 Checking Accounts Savings Accounts Time 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 Bartletts, sales from cold stor- COCA COLA PROFIT DROPS. 0. 1, ripe, 1.00a2.00; soft, low as | oot o b L rember 5 (P we Will Loan at 5%% Sweet potatoes—Supplies light; de- [ Profit of Cocoa Cola International mand moderate, mu{()gl firm; North | Corporation for the third quarter de- Economic Conditions Eireis b T R e Tyler & Rlltllerford Cucumbers—Supplies_lig] Loan Corres llmnwl m\rkd utlpad\ 3 3 pombet a0 the We offer, subject to prior Mutual Benefit Life Ins. Co. 5 oS sale or chi in price, a limit- || Newark, N. J. e Mty S50, B SRk T ¢ 1018 Vermont Ave. M. 475 beans—Supplies moderate; Eggpiant—Sopplics Heht: 2.50; few express receipts high as 3.00. Chuiitower —suppis. Herar: dc. (J| SUGAR COMPANY mand moderate, market firm; New York, Long Island crates, 1.50a1.75. i ek Il Five-Year Secured Con- ° __ RUBBER DECLINES. ll vertible Sinking Fund Florlda NEW YORK, November 5 (Special). 7% Note" tation of 411%. This compares with Due November 1, 1931 |55 maonth a0 and 97 o pear ek, Investors - Convertible into the COTTON GOODS QUIET. Preferred or Common Atiantte City's most rel NEW YORK, November 5 (Special). |[ll Stocks of the Company. e hine e —Cotton gzoods markets were quiet Will ‘exchange Sour prop and 78 f < Raw silks worked |[if request. S off from slow market. I ‘}’l‘llhl‘fli‘ihll’m ter and warrant i " proties. | STEIN BROS. & BOYCE | Address Box 110-J, Star . — Established 1853. Office . gar Planters’ As. i e b TR 199 211 Woodward Bldg. Give Phone if Possible sugar production at 788,249 tons, top- o ping all records. The 1925 crop was Main Office, Baltimore. 2 2 2; 1924, at 701,433, ous to 1924, the largest crop below 650,000 ‘ton: PR D = Your Banker Knows. S 3 > MO@GRTGAGES When in doubt about a security consult your banker. It is equally as much his interest as yours to protect You ‘trust him. with A TURN FOR eposits —why not trust him vith_your investment problems? = ; THE BETTER TN As their previous investments Is AnY 7 i mature, more and more investors Of Your Money { £ are turning their principal into Invested at 8%%? our 1 D\dvoueverstoptoconslderthat; G'/z% FIRST MORTGAGES $1,000 invested at 85% earns as | = . i much as $1,700 invested at 5%? 1}16 points gzuuefl by this You can make your dollars earn pohcv are definite. The secur- % (payable in cash and stock | ity behind your funds is stable dmdends) by investing now in || A Third and established. Management ggéissfiffi’gfif'fi;",}’ec°fifl“l’,'; ofa methods proved by a Third of a invested in Zseasoned,y16—ycar- Eentury Lcntu.r,\' s experience safeguard old security which has behind it S vour funds through every l)h:\sc a long record of large net earn- 1 Your scheduled interest is as- ings. il sured. Mail the coupon for full informati = In Amounts of $250 and Up ’ Please send me full information sbout Ceies | | B F S A l l L ‘ O Service Common stock. . . . imm—— | RN 925 15th St. N.W. THERE IS NO SUBSTITUTE FOR SAFETY $750,000 18 Gramercy Park South New York City First Mortgage Fee 6% Serial Gold Bonds Dated: Oct. 1, 1926 Coupons due: Apr. 1 and Oct. 1. . Due serially: Oct. 1, 1929 to Oct. 1, 1938 United States Federal Income Tax up to 2% Paid by the Borrowers Pennsylvania, Connecticut and Vermont 4 mills taxes; Maryland 4!/ mills tax; District of Columbia and Virginia 5 mills taxes; New Hampshire State tax not to exceed 39 of the interest per annum, and Massachusetts State Income tax not to exceed 6% of the interest per annum refunded upon proper application. . MORTGAGED PROPERTY: Seventeen-story steel frame fireproof apart- ment hotel, and land 40 by 134 feet, to be erected at once on the southwest corner of Gramercy Park South and Irving Place. The building will contain 311 rooms and will be operated as a club residence along the lines of the well known and successful Allerton Houses. Completion of the building is guaranteed. LOCATION AND RENTAL DEMAND: Gramercy Park is one of the * old established, high-class residential districts."There is a demand for accommodations of this character in this neighborhood greatly exceeding the present supply, assuring the successful operation of this apartment hotel. Transportation is excellent. VALUATION: The land ax;d building, when completed, have been appraised by Cushman & Wakefield at $1,052,800, affording an equity of more than $300,000. EARNINGS: Netannualrental earnings areestimated at $95,900—more than twice the greatest annual interest charge and more than $30,000 in excess of the greatest principal and interest requirements combined. BORROWING CORPORATION: The bonds are the direct obligation of the Rosman Construction Corporation. The principals are successful builders and operators who own and operate many valuable and success- ful New York City properties. PRICE: Par and accrued interest to net 6%. DENOMINATIONS: $1,000-and $500 bonds. We recommend these bonds for investment. Write for detailed circular — ClRCULAR 12:G SW. STRAUS & CO. BSTABLISHED 1882 - INCORPORATED 929 FIFTEENTH STREEET Telephone Main 5847 WASHINGTON FORTY-FOUR YEARS WITHOUT LOSS TO ANY INVESTOR D. ©C, FRIDAY, NOVEMBER 5, 1926. Money to Loan T} | secugen by aet dlead of trust on real estate v £'and" comm Stocks Bonds R T Weller 120 Wash. 1. u-m-« Joseph 1. Weller 3o Wt o &% 0dd Lots Carried on Margin : Buck & Compan - sl | BT TOANS Established 1916 ON DISTRICT PROPERTY 312 Evans Building i . Xt 5 1420 N. Y. Ave. N.W. | r:“'rl::l: Cm; ‘Ful;ls: Tel. Franklin 7300 | THE McLEAN CO. Direct Private Wires to New York | Realtors Main 102 Equitable Co-Operative Building Ass'n JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary Organized 1879 . 46th YEAR COMPLETED Assets . ..$5,136,317.22 Surplus $1,106,495.76 Subscriptions for the 92nd Issue of Stock Being Received Systematic Saving in the Equitable A steady means to acquire a substantial fortune is through saving systematical the Equitable. Hundreds who want to get ahead realize the importance of the Equit- able’s systematic plan and are making regu- lar deposits. Join today and learn of this effective way to accumulate money. 915 F Str_eet Safeguarding Trust Funds You should take every precaution about the moneys you leave to your family. It is one of the most important matters a man has to consider. We want you to know that we place at your service an organization that will act in accord with the executor you may appoint, share his responsibility and strengthen his position. Second National Bank “The Bank of Utmost Service” 509 Seventh Street N.W. 1333 G Street N.W. FINANCIAL. The New York Life Insurance Company First Mortgage Loans On Improved Real Estate in the District of Columbia and Nearby Suburbs in Montgomery County, Maryland 3 Years, 5 Years, 10 Years RANDALL -H. JIAGNERe® COMPANY Incorporated MoORTOGAGE LoAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 SAVE TIME AND MONEY — kT — LIFE INSURANCE COMPANY ©OF BOSTON, MASSACHUSETTS Prompt loans on residences and other buildings — lowest current ratecs. BOSSEPHEL PS FOUNDED 1907 1417 K Street—Main NO APPRAISAL OR SETTL Determine Your Future Do not be deflected from your purpose — Eventual Financial . Independence. Our Partinl Payment Plan provides a solution whereby you can regularly invest toward the purchase of our Firet Mortgage Notes We Offer statement below. RESOURCES Cash in bank Investments . . Accrued interest receivable. Deposit on American Buildin . 165,000, Furniture and fixtures. . . 5 509.00 $1,461,825.50 ‘William John Eynon Wilmer J. Waller Vice Presidont Vice President Byron S. Adams Myer Cohen Lester A. Barr William Knowles Cooper Albert E. Berry John Dolph Thomas Bones T. C. Dulin (‘h-rlel D. Boyer William John Eynon W. F. Brenizer W. G. Galliher “l.ltnr A. Brown W. T. Galliher Joshua W. Carr Isaac Gans A. L. Clarke Fred 8. Gichner $500,000 FEDERAL-AMERICAN COMPANY 6% Preferred Stock At $100 Per Share Security—The company has no bonded debt, so this stock is pre- ferred both as to assets and div 1dends‘ Earnings—The .company began business on June 10, 1926, and earnings have from the beginning far exceeded divi- dend requirements on the preferred, as shown by the FINANCIAL STATEMENT as of October 30, 1926 LIABILITIES Accrued interest and accounts payable. . £1,217.00 Notes payable ., <. 890,000.00 Reserve for taxes . 4,709.02 Total Liabilities $805,926.02 NET WORTH Preferred stock ... .........$255,900.00 Common stock . 664,280.00 Surplus earned. Less dividend paid 26,711.42 Unearned discount .. ... 119,008.06 Total net worth N . 1,065,809.48 Total Liabilities and Net Worth $1,461,825.50 Officers and Directors W. T. Galliher, Chairman of the Board John Poole, President Charles B. Lyddane Charles D. Boyer Secretary-Treasurer Ass’t Seo’y-Ass’t Treas. W. F. Ham Arthur D. Marks George W. Harris John L. Newbold C. M. Hendley John Poole Ralph Jenkins James Brown Scott Harry King Warner Stutler Ralph W. Lee Leon Tobriner Charles B. Lyddane George E. Walker Louis Mackall Wilmer J. Waller J. A. Maedel L. Perry West As Strong as the Men and Money Behind It We Have No Salesmen—We Pay No Commissions—We Give No Bonus Stock This Stock Will Be Listed on the Washington Stock Exchange THE FEDERAL-AMERICAN COMPANY Office: 1352 G Street Bubscriptions Received at the Company Office or by Federal-American National Bank