Evening Star Newspaper, February 2, 1927, Page 15

FINANCIAL. . THE EVENING STAR, WASHINGTON, D. C, WEDNESDAY, FEBRUARY 2 1927. -~~~ FINANCIAL. A Safe Place for Your Money | ** 2% resroseesosesnsnsess oney to Loan ,:r-g.g&u_:::“-':mm 6% raminnns 3oSn0aco00000g S R i E Gt o R Lim) g e ,-[m...- O HOME FURNITURE & : A untSuT Availabie—Bearing Bl‘l“;l"’l: 2 W ot s-nnduu Co. \ davi P Shomter | =210 o ohens £ e by et | it Mortgae [ ¢ sy <2, | Thes o B ew York Ave. N.W. ".._.o 11l | an ve pri t attention || H true this Is in the Financial M S ’3':".:::‘ Fyz.{:'-:"'""i LW SR Rl Lom | to lp‘;:hca%:::pfo: St kil cid. e e X Hokt o BasborsBasd tmentC Applications Invited ot i | Loans on Washington ||| |illii money. . 734 So o Building | | e ok ey | v::":fi" e O N kg 51/2% Current rates of inter- i ;m % :":.:,‘2 .‘,,,".',',.,:';: oooooooooooaa 0 T Furniture Loan Procurement o 1406 G Room est. Should you have I » f month toward the purchase of ono of i our gilt edged securities. In s 1D gl MORTGAGE i o]=]a]=]a]a]ala]=]=l=]=la! | v LOANS | On Improved Property ! Money to Invest such an investment you are convhus . 51/2 %-6% I —we can also take care of that there is remunerative stren i i I : 1 - absolute security in the dollar to- Applications for first mort- [fl | Construction Loans you. Our experience, ex: rpoilgs S ey vou | gage loans promptly acted upon | | i I tending over a period of operation necessary make you il at Minimum Rates I 8 P owner of 5y Sut L. and Tuvestmcot B The New York Life Insurance Company Thisty:hve: ¥ Department. I | I irty-five Years ‘ \;- l:lm“Wel! Company 4th & T Sts' N'E' | Offers to Make I |l —insures your protection, 916 15th ) . i Gl v EdFl th | e First Mortgage Loans ||| i o gl P‘;zf:k;!'\&- Store and Flat || On Improved Real Estate in the District of Columbia and Nearby Suburbs in Montgomery County, Md, 3100 for 3, 5 or 10 year terms on your Our First Mortgage Notes Cars Pass the Door PR 50 ey 1 onee suaee ||| Equitable Co-Operative Building Ass'n — StOI‘ es New Homes PR /2% R JOHN Jo¥ msoNhr;u-um WALTER ¥. PRATT Jr, Seoretary pif s | Am ..$5,136,817.22 Surplus................ $1,406,495.76 Experience ' For Rent bl o | Subseriptions for the 92ad lssue of Stock Being Received | l|@aNDarn B. HFAGNER & COMPANY Surrounded by 72 H. R. HOWENSTEIN CO. e . T (A — Start Today S nenspa ) New Homes | 1311 H St. N.W. 3 1321 Connecticat Avenue Telephone Main 8700 . . ’ our specializing property 4#th & T Sts. NE. Q| Saving Systematically Sy Dol e i 145 s 2 By supplying your ten- Cars Pass the Door - . — . P N Y Whether you are Just a small por- } Make early choloe and_ hav e e e — ) saving for a house o A as ants with well ordered ¥ Store finished fo suit or to complete your 9= 2 S y service, we help you hold your business children’s education, deposited regularly, By |}’ o) them. And by eliminat- . you'll find the Equi- . will in time grow to V0 ing the little losses, we R Monanin Go. R :alt:I‘l:l; pl:r{ S;CT:;“,E a substantial sum. fl increase, your profit with 1311 H St. NW. s able aid to accumu- Start now and stick savings. late money. to it. Life [nsurfiancze Company g 915 FE Street B F. . SAUL CO. SeCl;riiet;ydand ]/2% LO ANS ' : ; : £ Main 2100 25 15th St NW. | R 45 years, these NO APPRAISAL _prompt]y arranged on ettt | — houses, apartments and * ANNOUNCEMENT the favor of the investing || |§ business properties in D. C. YOUR REAL ESTATE LOAN e, Wri ‘ NO FEES FOR £ ' o snaki- iy 81 SETTLEMENT and nearby Maryland. . PROBLEM girefii:;o; ;‘s‘;esgggdi:; { Nafional Llfe lnsurance CO. Can best be worked out by in- i T 1| N . K Montpelier, Vermont quiring how the METROPOLL- BOOKLET 453.G : Win. C. Worthington TAN LIFE INSURANCE COM- SW.STRAUS & CO | BO SSA0 PH EL PS : Gl i |l PANY REAL ESTATE LOAN 929 FIFTEENTH STREET i FONNDRD. w7 501-504 Wilkins Building PLAN can serve you. Telephone Main 5847 ‘ 1417 K Street—Main 9300 mm‘;fl:.::‘mk | & Announces the Appointment of Ample Funds Always Available ASK : . Investment Bands na-nn!l‘m"ml cu-u-qrus d| J. Frank Fooshe, Jr. As Manager for the District of Columbia W-E ROS in Charge of Production RE ALTO $14,900,000 Effective February 1, 1927 809 15th St. N.W. Main 9486 Republic of Bolivia 7% External Secured Gold Bonds To be dated January 1, 1927 To mature July 1, 1958 Total authorized issue $14,000,000. Interest payable January 1 and July 1. Coupon bonds in denominstions of $1,000 and $300 regivter- able as to principal only. anulmdln&fatwnflehflmtdmwflnd&cw-wdfi.ht-d_hh York City at the principal office of Dillon, Read & Co., without deduction for any Bolivien tames, pressnt or fiuture. Redesmable & awhole, orin part by lot, at 10214 and interast, on any interest payment date on 30 days’ notice. Central Union Trust Company of New Yark, Countersigning Agent. An accumulative sinking fund is provided for, begi: October 1927, calculated to redesm all the bonds by maturity, which will be used to bonds up to 102% and interest or, if not se obtainable, to call bonds by lot, semi-annually, at 102’4 and interest. 5,000 Shares THE COMMERCIAL NATIONAL COMPANY, INC. 7% Cumulative Preferred Stock (Par Value $100 a Share) Dividends Payable Quarterly 7 January 1, April 1, July 1 and October 1 Rcdnmablc at the Option of the Company, On Any Dividend Date, After Three Years From Date of Issue, At $107.00 a Share and Accrued Dividend llm%mhubun/umwhcdwbym; Excellency, Zarariar Benavides, Minirter ¢f Finance of s &F"fl«f 4 THE ISSUE ‘The bonds will be the direct obligation of the Republic of Bolivia, and will be issued under anthority of the Laws of November 18, 1925, March 31, 1926, December 24, 1926 and January 5, 1927. In addition, the Government has agreed that it will pledge, by a first or a second charge, certain revenues to secure payment of interest, amortise- tion and principal,.and that the proceeds of such revenues available for the service of the bonds shall be maintained at not less than one and one-half times the amount required for such service. Included in the revennes upon which the service of d;eh:sdsm‘fl con&ntutenfimchnrzemthenulyuutsdmmnd the Government from the exploitation of lands in the Department of Chuquisaca, in which Department important cil properties 4 have been located. The Republic proposes to employ the proceeds of the bonds to commence the construction C APlT ALIZ ATION of a railroad from Cochabamba to Santa Cruz, to carry on the construction of the Potosi-Sucre railway, and for other purposes. ECONOMIC CONDITIONS ‘The Republic of Bolivia, situated in the central-western portion of South America, has an area of approximately 514,400 square miles, and a populntwn of approximately 2,800,000. The Republic was founded in 1825, the present constitution having been adopted in 1880. Bolivia's wealth is now derived principally from the production of tin, silver, antimony, tungsten, bismuth and rubber. Approximately one-quarter of the world’s tin is produced in Bolivia, the country being second only to the Malay Peninsula as a source of supply. Extensive oil fields have beea located in the Department of Chuquisaca, and foreign capital is now being invested in their development. In these activities American oil interests have a predominant position. Bolivia’s exports have emceeded imparts in each year except 1921 of the ten-year period ended December 31, 1925. Figures for the first nine months of 1926 show a like excess. FINANCES ‘The Bolivian Government has met all obligations appertaining to the public debt incurred during the last half century. The total national debt of Bolivia on December 31, 1926 was epproximately $43,700,000 or less than $16.00 per capita (excluding this issue). This debt has been incurred principelly for the construction of railroads and other public works. Revenues of the government have exceeded expenditures, other than capital expenditures, in each of the past three years. Bolivian currency is based on the gold standard, the notes of the Banco de la Nacion Boliviana having a gold cover in excess of 40%. 7% Cumulative Preferred Stock (Preferred as to Assets and Dividends) Outstanding ' Authorized .........c0viiiiiiniinnnee...$1,000,000 .” Common Stock, 10,000 shares, without par value, all owned Ko by the stockholders of The Commercial Na- . tional Bank of Washington, D. C., sold for. .$100,000 No bonded indebtedness. The Commercial National Company, Inc., is controlled by the stockholders of The Commercial National Bank of Washington, and the Officers and Directors of the Bank are also the Officers and Dlnehrl of the Commercial National Company. The Commercial National Company was organized during the early part of 1926 and commenced operating about June, 1926. Its principal business is the making and selling of Deed of Trust loans secured by First and Second Trusts on improved Real Estate located in the District of Columbia and the vicinity. A large volume of business has been transacted during the seven months the Company has been in business. A large amount of this stock has already been subscribed for by the stockholders of The Commercial National Bank, and the unsold portion is now-offered to the public, subject to allotment. Stock allotted may be paid for in full or in monthly instalments of $10.00 or more a month a share. Application will be made to list on the Washington Stock Exchange. (Conversions of Bolivian currency into United States currency have been made at cants to the Boliviano, approximately the present rate of exchange, parity being 38.98 cents %o the ) The Republic of Bolivia has agreed to make application to list thass bends om the New York Stock Exchangs Statements above ars in ne event to be consirued as sentations by ws and haoe been received by us partly byufl- 00 e s ot o dolinecy i o e ol i tud i s ik b W Jof all gl o counrel Mesre, Root, Clark, Howland & Ballantine, and Mesves, Schaster o Feuille. 17’., 1 that ,...,.,.,,2.'.4 o et s pasipts of Dillars Band'ch Cos will b roady for daltsery oo o ahast Fabrakry 171987 A portion of this seos hao been withdzewn for sfeing i Exrops by Mendelssohn = : Price slm a Share Price 98 and interest. To yield 7.12% to maturity ‘ : i : (Interest at 7% to be allowed on all payments from date of pcyunnl) o Pttt ity | | St R 1 Washington Representatives: BN o R 1&Ce. THE COMMERCIAL ATIONAL BANK TR A A 917 15th St. NW. Telephone Main 683-4-5-6-9-709