Evening Star Newspaper, November 10, 1926, Page 15

FINANCIAL. THE EVENING STAR, WASHINGTON, D. C., WEDNESDAY, NOVEMBER 10, 1926. FINANCIAEL. ~ 15 STATISTICS ON ZINC. A Fool and His Money. T e e o ey || T | S — were 15,909 tons, an increase of 210 |than ordinary wall paper. Thousands D. C. and Maryland FRED T. NESBIT || Fiveo- s Stsond Trusss tons over the month before, the Amer- le in Washington would have > F ican Zinc Institute reports. The ::v,;io?halr money l!‘:hey simply had Flrst Mort e [Bans month’s production was 54,979 tons. | asked their banker to tell them what B Shipments were 54,769 tons, of which | he knew of some supposedly wonder- 4,160 tons were exported. ful investment. On Improved Real Estate in the District of Columbia M. 9392 s 2 and Nearby Suburbs in Montgomery County, Maryland = 3 Purchased on 3 Years, 5 Years, 10 Years RAaNDALL -H. negpggn-& GCOMPANY MORTGAGE LoaN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Market to Be Faced With Less Than 17,000,000 Bales, Experts Believe. IMPROVED REAL ESTATE In District of Columbia and Nearby Maryland We will gladly receive and give prompt attention to applications for Loans on Washington Real Estate Current rates of inter- est. Should you have Money to Invest —we can also take care of you. Our experience, ex- tending over a period of BY J. C. ROYLE. E;O (land— the convenience of Savings Plan pay- l’rgl‘e:ied ments on shares of $25 and multiples; o payable in 2% quarterly dividends, on $25 units, computed from day of your payment; International Finance Corp. 400 Commercial Natl Bank Bldg. Spectal Die NEW Y -r 10.—Cotton out the South ex y in tele- ns that de- the unusual privilege of redeeming your 4 " oo ’ . Thirty-five Years A Third of i . ) —insures ti - Ci s i S e e e S Equitable Co-Operative Building Assn ||\ perey i Russell Co. — Make Your | Apartments the absolute principal protection of de- JOHN JOY EDSON, President ~ WALTER S. PRATT, Jr., Secretary 926 15th St. N.W. i 1o o finitely desirable real estate mortgages Organized 1879 4ith YEAR COMPLETED e, and iy some on properties carefully appraised, for Assets ........... $5,136317.22 Surplus .$1,406,95.76 —work for you—really DEREE R Subscriptions for the 92nd Issue of Stock Being Received pay you a satisfying || i profit—by having our Property Management de- ||| partment assume full re- sponsibility for their direc- tion. You are relieved of || every responsibility; we attend to every detail. the safety of an organization that has never delayed one day in dividend re- mittances. Write or phone now for the details you should have regarding our 8% Preferred Stock PPOTOETPOTEOE0000 Systematic Saving in the Equitable A steady means to acquire a sufistantial fortune is through saving systematically in market like the p whick the princi TR eeee———— H arriman & Co. | Members: N. Y. Stock Exchange 111 Broadway, New York e of cotton five times - merc to make makes his head- o Hagit E 5 THE FINANCE AND B e j o Mo O | effective way to accumulate money. ‘ F S U L C O {‘ INVESTMENT CORPORATION 915 F Street : _ . SA - 1 927 15th St. N.W. Main 2455 729 15th St. N.W. Main 2100 925 15th St. NW. | al ration points t by the spin- WASHINGTON, D. C. method of selling or buy-| || in the interior 1s to buy{} any p “g or “off” Telephone Main 1603 A T T AR A €5 P P T Sell Now at Discount. nd “offs” are regulated | We Are Now Receiving Subscriptions for bl L - Management by d demand. 1¢ the de-| | . mw is hig the producer gets a ! 6 = m. It demand is below supply, | 0 ANAGEMENT is the = : ‘h::‘:x”w l'(:‘it;}‘l“?‘t“ afli ’ factor that determines 3 ate this discount has | I§ whether or not an In- it and a facts give FEDERAL-AMERICAN COMPANY 3 or first 0 | . 1 votton to B [ 6% Cumulative Preferred Stock a, is the first (;ffl'e}:l‘ s 4 D] Bos e sl At $100.00 Per Share ened and built Diesel ipa is now at Savan- is relieving ware- 1 of 19,000 bales of Florida Investors Atlantic City's most relia- ble builder_ and _developer. backed by 20 years of suc- cesaful _building _experience, Will_exchange your property or equity in lots in Florida for house or lot in_Atlantic City's _finest development. where restrictions are of the highest character and warrant big profits. Address Box 110-J, Star ffice vestment is Profitable. Thor- oughly investigate any contem- plated medium. Insist on In- sured Safety, Absolute Depend- ability, and an Assured Annual Return. FIRST MORTGAGE INVESTMENT [ REDEMPTION— Redeemable in whole or in part any time after five years | from the date of original issue, subject to a sixty-day notice to the stockholder, at $110 per share plus all unpaid accrued or accumulated dividends. l DIVIDENDS— Dividends will be paid quarterly on the first day of January, | April, July and October of each year. After said dividend I of 6 per cent has been paid, arty further amount declared in dividends shall be paid to the holders of the common stock to the extent of $6.00 per share and should there be any fur- 0 ther amounts declared in dividends, there shall be declared - i first 1 per cent to the holders of the preferred stock. ! TAX EXEMPTIONS— This stock is free of the normal Federal income tax. It is also free of the local intangible tax of 5-10 of 1%, making a net 6 per cent tnvestment. BUSINESS— This corporation is organized for the purpose of handling first and second trust loans on real estate, builders’ loans insurance and such special financing as may commend itself to the corporation. | SECURITY— The company has no bonded debt, so this stock is preferred both as to assets and dividends. EARNINGS— The company began business on June 10, 1926, and earnings | have from the beginning many times exceeded dividend re- I lti(lfl‘llirements on the preferred, as shown by the statement ow — Give Phone 1t Possible NEW ISSUE In the opinion of counsel legal for trust funds in the state of New York on completion of the building $1,900,000 The Broadmoor New York City First Mortgage Fee 6% Sinking Fund Gold Bond Certificates Dated: October 21, 1926 Due: October 1,1941 Interest eoumm payable April 1 and October 1. 2% United States Federal I paid by the ers. Chatham Phenix National Bank and Trust Complnly‘.‘ ;'mme o Herbert 8. Martin, Vice President of S. W. Straus & Co., Co-Trustee. Jos}eiphl L;\':V ligl‘ Blde., ¢ HOME OWNERS 2,0 ON DISTRICT PROPERTY Provident Mutual Life I Insurance Company Funds THE McLEAN CO. Realtors NW. Main 10276 1522 K S HOME FURNITURE LOANS 7T T, I FINANCIAL STATEMENT 1 as of October 30, 1926 MORTGAGED PROPERTY: 16-story steel frame fireproof apartment building, with land in fee, now being constructed at the northwe‘:t come:r of Broadway and 102nd Street, New York City, 100 by 161 feet. The building will contain stores and 315 apartments of one, two and three han '$100" month = ;;?s?;‘ffi":'o Notes payable ,&‘,‘3.‘,;"3 rooms and a large restaurant. Completion of the building is nteed. A T ;10570088 Reservo for taies | 0.700.03 e siomes B Ei F « Loan Procurement Co. lw.w:% S SRS v — fofio 22 0N=A Land and completed building have been appraised as N g ¥ ‘ppmlm L, Value land Total valuation L‘:, ) P T Frederick Zittell & Sons, Inc. $1,000,000 $2,850,000 : zzz3 | | Common 8tock . ........... This valuation shows an equity of $950,000 above the amount of this : First Mortgage Loans| || 22’3"&?'75525",;,‘4& first mortgage and makes this a two-thirds loan. b e Jowest Rates _cof Interest and Commission 1 Thomas J. Fisher & Company, Inc. | | o e it EARNINGS: Netannual earnings estimated on a basis below that now g 3a8 A5th Street. . gl 005,800, being obtained in the neighborhood will be $315,000, than tw FIRST MORTGAGES { T— Foialfmet oy Hioshane and one-half times the greatest annual interut?:hn;e mdnt‘::: SIZ'S,OOS FOR SALE | Total Rosources . ...oecs-o- ... . $1,401,835.50 Total Liabilities and Net Worth. . .. . $1,461,825.60 :ln e:fiu °:( prlnfci and intcrenBrequlnmenu together, The excep- 555 lonal location of the property on Broadway three blocks from Central qfi ,g g | Officers and Directors Park and two blocks from Riverside Drive, and a strong rental de:und THE TyPE OF, SROE ¥ { forapartments of this character in this neighborhood, assure the success i INVERTORS s‘x \sz” - W. T. Galliher, Chairman of the Board . i of the operation and profitable rentals. n denominations of 3 f John Poole, President 1 $750, $1,000 and upwards, se- i BORROWING CORPORATION: The bondsare the direct obligation ‘.E':'.f.‘:.;" B p":;,f.d D'E:a'rli.: m;; | Vo m- Vies p’,..!.:‘." "';‘.:,':,.,',*.J‘.i‘.’.":'," 'awc';"?.'&l}m Treve. g;;:fl goflldek Coml ltrucfloi: Corpon'g:)mwned and controlled by Columbia. i Byron 5. Adams Myer Cohen W. F. Ham Arthur D. Marks e d:un:.. SRt m we have had previous e Emimn DMRaTTOTY SERSTC e i i3 Lonsanaave W, ke i G DS Falph Jonkine Tito meosa:Boets 194{(llf10thFUlNEt The dl‘?mof maturity of all the bonds is October 1, e T T SR, e Rk rooash sty Gl ramb sy of (5o Suus Filay Laving s | WE PAY MORE INTEREST . 1 :n;m % l‘x}:'n :v'. T‘.Gflmm gfl.‘.’-la:t B. kl‘:‘yldd-u Georgo E. gfi blhmtommreL ml of $1,340,000. i ] i 5 joshua . saac Gani N o ON SAVINGS Accfljfgi I A.’L. Clarke Fred 8. Gichner 372 Macdel L. Perry Wost PRICE: Par and accrued interest to net 6%. Than Any Other Natio n Washing 2 . We recommend these bonds for investment.’ i i AR As Strong as the Men and Money Behind It g g s o e Come in and let us explain C ial Nat'l Bank We Have No Salesmen—We Pay No Commissions—We Give No Bonus Stock CIRCULAR 124-.G e ! This Stock Will Be Listed on the Washingion Stock Exchange - S:W.STRAUS & CO in. GOLDEN DONALDSON. PRESIDENT | i 3 o A o J | WSTABLISHED 1882 . INVESTMENT BONDS B INCORPORATED 929 FIFTEENTH STREET Telephone Main 5847 WASHINGTON 44 YEARS WITHOUT LOSS TO ANY INVESTOR Economic Conditions Tyler & Rutherford Office: 1852 G Street Lean Correspondent of the | i | { 3 We WI“ L;)an at 537 i THE FEDER AL- AMERIC AN Com ANY J Mutual Benefit Life Ins. Co. i Subscriptions Recsived at the Company Office or by Federal-American National'Bank Newark, N. J. 1018 Vermont Ave. M. 475