Security: Fee estate. in ground fronting 116 feet 31% inches 
on Broadway and 115 feet 7 inches on New Street, extend- 
ing through entire block, and a 21-story and two-basement 
building, with a rentable area of 283,000 square feet, in the 
center of the financial district. 
Earnings: 
1924 
1925 
1926 
1927 
1092 
Available for 
fixed charges 
$380,996 
414,035 
373,420 
385,592 
359.918 
Fixed 
charges 
$236,865 
252,882 
242,057 
237,743 
235.829 
Times 
earned 
1.60 
1.64 
1.54 
1.62 
153 
Price Range: January~-May, 1930—100-100. 
43 Exchange Place Building 
(New York City) 
First Mortgage Fee Sinking Fund 6% 
Amount: $2,500,000—outstanding $1,990,000. 
Dated: March 1, 1923. 
Maturity: March 1, 1938. 
Interest: March and September 1st. 
Denominations: $1,000, $500 and $100. 
Taxes: 2% Federal—-Pa., Conn. 
Redemption: 105 to 1933—thereafter 1% less each year. 
Trustee: Central Hanover Bank & Trust Co. New York. 
Assessed 1930: $3,500.000. 
Appraised: 
Geo. R. Read & Co. $3,400,000 
Joseph P. Day, Inc. 3,550,000 
Chas. F. Noyes Co. ......... we... 3,800,000 
Security: Fee estate in 9,500 square feet of land at 43-45-47-49 
Exchange Place, New York City, and the 25-story brick 
office building erected thereon. Property situated in the 
center of the downtown financial district. Net rentable 
area of building, 135,000 square feet. 
Equity: These bonds are followed in lien by $650,000 second 
mortgage bonds. 
Barings Lies years—all interest paid, and $510,000 principal 
paid off. 
16