Evening Star Newspaper, January 4, 1927, Page 11

FINANCIAL. THE EVENING STAR, WASHINGTON, D. C., TUESDAY, JANUARY 4, 1927. FINANCIAL. !to 3 points and prices after a slight any company for a merger with thlvl Money to Loan | e eased off to 12.50 for Janu- | Glidden Co., an Joyce, president, | t a1 estate. o NEW YORK CURB MARKET IEADY | m‘l‘fi“.:‘)?(?r l):\mn(:)h and ;3{72a?l?r is quoted oln Cleveland dispatches as ’mmlfi!“:‘h?f&o R The New York Life Insurance Compflll’ | ntinued good weather in-|saying concerning rumors of a con- | Joseph I. Wi AW Offe Received by Private Wire Direct to The Star Office duced selling.. solidation with Certain-teed l’rndurw,’ ————— rs UE QUIC ‘ MARKET FI Provident Mutual Life | C VAN, ISSUE QUICKLY SOLD. POTATO MARKET FIRM Lol bl Ll ¢{ WILLIAM F. HEFFERNAN. |any change in sentiment toward the AFTER EAR[Y URUP; ki Il\]\‘\"l.‘l;l;.h to The § | s of oil» companies operating BALTIMORE, 'le ary 4 (Special). | CHICAGO, January 4 (#).—Potatoes llnur:nce Company lrs ' Or a e oaIlS ‘'unds to Loan | ) v ced * 1 " YORK, Janu 4.—The Curb | s the Rio Grande. Latest reports Thirty-five minut. fliced to mar: —Recelpts, 110 cars; on track, 245; to- | - i In Small or Large Amounts . On Improved Real Estate in the District of Columbia | | | iod | Were to the effect that companies are ket the of ,000,000 41 per in which heavy llquidation made | SECIS0NE T 2 felt in @ number i according to an announcement by, ing fair, market firm; Wisconsin sack- at S%: Per cent. and Nearby Suburbs in Montgomery County, Maryland At agalns the main ed to make itself fe 4 according an u by 1 : c arb CHIE GRRYML pioed ity Talh | or i tnako dasupe a5 Banuo Alexander Brown & Sons. When |ed round whites, 252.60; mostly 235 WM. H. SAI,{NPERS CO., Inc. § Years, 5 Years, 10 Years | Mexican Ol r f the books closed yesterday s o o rallets s pronounced as it had been 1“:2;1\ b - By Halts fleclme! But No tions were still pouring in. The buy. |32:40. Idaho sacked russets, 2.76a |l 1433 K Se. N.W. Main 1016-7 PO os) ol st bt e {ers were chiefly large investors and | 2.90; mostly 2.80a2.90; occasional shade | fu Homes 1 ce Buildings Soee aataner b whloh, Hrices: fall off | Ohlo were. ot at were under | Rally Follows. linstitutions. _The banks now have | higher. i ressure. outstanding $1,06 . The pro- iy | - f¢ the Impression that pools and pro- | Pressure o Apistats i ) < will be used in part to pay off Tl Wn i th hod | iy shataswane not ma Witk el e DIVIDEND 18 sMALLER. |} Continental Trust Co . more were active on the side of [ respond to the continued | By the Associated Press NEW YORK, January ¢ (P).—Pitts o it waitnotiaa Optiniiatio| i Il i NBW YORIK, January 4—The cot Ranparr H. FAGNER & COMPANY 1 v - X i : : 5 : ; burgh Terminal Warehouse & Trans Incorporated over what was to be expected of the jon the chang 1o | ¢ et opened dy today at LACKS DEFINITE PLAN. L 3 i g | Sl e R v | Sugar tost fra I ahd Centeal] o s > e o 5] NEW YORK, January 4 UP.—No ::::;giedpfl:‘::;;m;;‘?amllr?r ?réé’&‘,i;'b e MORTGAGE LoaAN GORRESPONDENT Ak lisdier diel o B Mot bt RV e e attributed | definite proposition has been made by | quarters §1 had been paid. Capital $1,000,000.00 1321 Connecticut Avenue Telephone Main 9700 Le Mexican situation to bring abo ; | p selling ¢ Rao been paln Y aries g = | tor Liverpool B 4 ports of continued good weather in usiness Properties Pollowing is a list of honds and ; raded in on the New York 5 Ind L 1017 101 2 * | the South, \ g “N | Checking Accounts = — ie trade buying s ring at s it e ) v 10 2 1 i line steadied the market, but Sisingt Aoo t i : "7 T , o, ol TREERTA R R fe |monte i e sout o 6'2% Guaranteed , Time Deposis | | éon! 1 ) ML il el | hour, active months showins net de | N Porsigis Excliatige i Cxperience i 5 s to 162 and July to 13.0 v First Mortgage Notes ‘ Commercial Credits | il h Get the Most from Private cables report Travelers’ Credits | ¢ Your Apartmrnls -ontinental liquidation absorbed . with & more cheerfu Secured by Improved D. C. Real Estate | Travelers’ Cheques | 1/1"/ —by having us apply our wchester and fair Am Bier ot ; | ton cloths to India. o Written Guarantee Backed by More Acceptance Credits I experienced, specializing e £ e ¥ i ing : b g | seiline: ordars ha been absorbed. Than $4,000,000.00 Resources as to: \ Collections | ’ management methods to jals Gorp. . ¢ 18 aiae | Shila 3 ‘here appeared to be some buying ¥ S N\ Real Estate Loans them. We relieve you of s s oitesings Lst—Security of Principal. N | Collateral Loans etiiles © taliel cai of 88 L Pur 1 0 for 2nd—Attractive Normal Income. Investioent Seeavities details; take care o 1008 e P | M ety Tt l";jf; 3rd—Prompt (‘onsecuu.ve.lnterest Payments. Eorgorate’ Tetats leases—often are able to 76 : St K " B O R R 4th—Full Return of Principal When Due. Iadividiall Toasts | supply tenants when 3 lish market the Liv- W in ered oOff @ the | N 32, wh 1ving tapered off and th 5th-—Freedom From All Care and Management. AR Al two of the best Safe Deposit Boxes f vour expenses. Profitably 't was dull at midday, but held Administrator, Executor ns Market. Real Estate Mortgage and | for you. La., January 4 ). — T u.\u\.. was the support- N > ims o e otton "marked | § Guaranty Corp. Continental Trust Co. B. F. SAUL CO | ;“‘1)"4‘:\\”;I;.n“:i‘v("‘l‘lll(u 'j,“;::h','m““‘ L. E. BREUNINGER, President 26 Jackson Place \ Taile sl FT Shveots K - s des, boonen, Ebonst oo ot Capital $1,000,00000 ||| Niain 2100 925 15th St. N.W. St 27 i HOME OWNERS Sales FOREIGN in thousands. MORTGAGE SEEKERS HOME FURNITURE $200 within one day. On 118 in hroks e ke nd Let our First * Mortgage service Bring'in what papers you to vour proverty. Fr. 8810, AnSWEr AV seds and ineet vour Hartoirs 5 DR AR L T mnswer your needs and meet you Indt™ Bk h a1 ban | Furniture Loan convenience. Loans of any amount 1% Johns - M ptd wi S : e 4 L | hi At o, | on desirable property are quickly ; : arranged. fgr Bic Denmk 65 101 MUni Medellin s 104 eru_7las . 100 o6 o 3y 5e A 1A8a% B W Gy o7 $ s lst pid GsIsn Pl I Rus G Low rate of interest 10 Sanda Fal and commission Listed stocks and bonds bought and ‘ B. F. SAUL CO. sold on commission. ‘ Main 2100 . 925 15th St. N.W. 75 R 3 St W 61, 2 3, v 2% | °Ex Dividena, © ® A10%% {on L i £ 3 139 ? 100% 108 el 4 Northe Pow n. 6% 4 !.s(vj:{u “Brage B.. 78 ' | GERMAN BONDS AND STOCKS. 2 g‘g (‘;’?‘x‘x‘l? }i('i"““;; 09 o (Quoted in dollars per millio marks.) 108 Asked Ger Gt (w In) bs 1014- 2050.( | Hambure 4138 1010 10 1 *170:00 | gidueted i dolars e /Il Accounts carried on a conservative marginal basis. | | 3 1 Pillsb F S5 e =~ 434 Pittsh & Lake E YT BTHTE T e Pratt & m\l\’] - y g & . G > pre R e D 3.00 8.00 | We invite correspondence on ¢ Badische Anilin. ... + 28 9 securities AEG (G ] —_ : et B 48 HARRIMAN & Co. | 6,500,000 Mercur Ban “he AR 5 ‘ g 1798 | Members N. Y. Stock Exchange UR First Mortgage Two Park AvenuecBuilding 111 Broadway, New York Notes are the sort of NEW YORK CITY SHOB;TYRM S;CU'BITIE& s et an investment you can b.uy (Revorted by 3. & W. Selieman & Co.» WASHINGTON OFFICE and forget—except twice First Mortgage Fee 6% Sinking Fund Gold Bonds o b g i3t | each year when your in- ;_!{é,: 3 '": Agirond 1;. A'm (» 68 1 214 729 lsth st. N. w‘ | fereni check weminde o Dated: Dec. 15, 1926 DuuI;::rr;tfngomhynbleflunels;ndD«. 15 031t | Telephone: Main 1603. that you are a Successful : and Conservative Finan- 210 X iz 3 i rd & 5 3 1 5 8 5 1 1 8 4 FEE PPEEE o isbesite b ) SR @ F SRR SRR e & U Tob....: 1P &L vic B 1 wi & S PRICE: Par and accrued interest to net 6%. cier 2% United States Federal Income Tax paid. Connecticut, Pennsylvania and Vermont 4 i 4 mills taxes; Maryland 4% mills tax; District of Columbia and Virginia 5 mills taxes; New Hampshire State Tax not in excess of 3% of the interest per annum, and Massachu- setts State Income Tax not in excess of 6% of the interest per annum refunded upon proper application. - Great Norther ¥ 7 i Gulf 0il Co. g‘g:rrmg g‘l Co. 842 1N | i We summarize as follows from information submitted to us by Mr. A. N. 13 - Mam Gan, o biaa 1o : ] | § L Adelson, President of the borrowing corporation: 10 Ohio Cop 4 4 f brake 1s¢ 6s 1998, 101 | o , Pating Sires - ; ‘(\vm‘li«.fi"‘fi&:';}"i,n':f»“L x_'sm' o i e s MORTGAGED PROPERTY: A 25.story office, store and showroom 20 San Toy . 4 | R. 4 3 § _ building now in course of construction on the site of the historic Park ] F irst Mortsage : * Avenue Hotel, and the land thereunder, fronting on the entire block on 3 o : td. Ol of N Y. 6% 2o Serial Gold Bonds Park Avenue between 32nd and 33rd Streets. The building is to be of the 3 Gun Apec il 23 | Galo Co. Calll 5%’ gee \ | s 5 highest grade of steel frame fireproof construction, with 26 high-speed ’ . 10 z;‘E\';}:\T OIL STOCKS, v e pC. Gige 103 4 { Provision made for payment elevators, and so designed as to have exceptional light and air. Comple- o BfRnarie ErERDENT OTL S SoiEE She D080 1018 102 of District ofuColumbia Y : tioh is gnaranteed ro the hondholders. 20 Am Con Oilfids.. 14 1 ¥ | Wisconsin Cen. Ry. 5ias 1027 . i ) il 774 Maracaibo ¢ : | comiliistade botondit gt \ Five M" Tax' : our Interest VALUATION: Land and building have been appraised as follows: Send ; DIVIDENDS, e e I Total value Atiante Qs et ‘(‘ Afi-ERICANBOYég& | On This 6% Bond I‘s “ Horace S. Ely & Co. $Z,Sl;0':$00 cvgl;;‘;%%%m 3 B ool Earned 8 Times Over tponins s TR oot U R i Cuiiiaiin Busis Ovee wbbedion On the basis of the lower appraisal there is an equity of $2,387,096 17th and H Streets, N. W. ! The strong safeguards which protect above the amount of this first mortgage bond issue. Washington, D. C. | the Refundin 6% Gold Débentu LOCATION AND RENTAL DEMAND: The Two Park Avenue Telephons: Main 884 . g o - ebenture H Building will occupy one of the most desirable sites for its purpose in Bonds of Cities Service Company, H i New York City, located in a district that has rapidly increased in impor- b i coupled with their attractive yield of tance. The construction of One Park Avenue directly across the street o ) e | N o v \ 6% k Kisit f B and its conspicuous success have renewed activity in this entire section, in i 175 Fob. 13 over 0%, make this issue one O e : the rental demand for stores and offices is strong, and real estate values b1 Feb. 5 | | [ll mostdesirable investments in the pres- | ‘are on a constant upgrade. J ent bond market. I EARNINGS: Based on a rental schedule lower than that of One Park TREASURY CERTIFICATES. e e il Avenue, the net annual earnings of Two Park Avenue are estimated at LR R Deleian o) this®%X Hoads you &re clicsing, y | [H Cities Service Company’s net earnings : $790,356.20 after deducting taxes and operating costs with a liberal oter | for the last seven years have averaged [ e ? i more than 8 times the annual interest : BORROWING CORPORATION: The bonds are the direct obligation T e N 3 o | of the Park Ave. & 33rd St. Corporation, controlled by strong and ex- Nice, France, is to five-kil TR T \ charges on its funded debt. Earnin perienced New York real estate interests. The gentlemen identified with ! watt radio broadcasting station with Y I . 2 3 t ra hin ) I from Cities Service public utfllty su i this corporation are the owners of other valuable New York real estate. §ldlarles alone are su c1eqt to pay these | SINKING FUND: Through the operations of a sinking fund $2,322,000 Capital and Surplus interest charges several times over. i in bonds will be retired before maturity December 15, 1941. S, O.( i i These Bonds are further protected by | e gty The New Year’s large assets and unusually strong sin_k— ing fund provisions. e P irst DUt.v Mail the coupon below for full information Hi . { For the.man who has not ; : already attended to such w TR US CO duty, th New Year's most . important _obligation is (o herty k 5 A (S; A have his WILL drawn. Your choice of an Executor & e PR SR . D) or Trustee to be named 803 Wilkins o Wkt P therein, will be bencficially i Z : h Blds: D.C. 929 FIFTEENTH STREET influenced by conference w us as to the advantages of [ e e e e e e e CORPORATE FIDUCI- | : Telephone Main 5847 ARIES. Name WASHINGTON oy it Serv pfd B it Serv B B pfd 8 olumbia Synd Cr Sy 2 PEE STANDARD OIL ISSUES 00735 CIRCULAR 126-G t# SAFE DEPOSIT BOXES 59th Oldest Savings Depository in District of Columbia I RF i‘%fl-“fi? Corner 15th and New York Ave. National Savings & Trust Co. RS IREL | Address : 45 YEARS WITHOUT LOSS TO ANY INVESTOR