of 21,218 square feet, and a theatre with 3,600-seat capacity 
erected thereon. Lease extends to 1958; ground rental, 
$52,000. Property faces Union Square, is served by a cross- 
town subway, and is well situated. 
Earnings: Leased to Fox Theatres Corporation for term ex- 
tending beyond term of bonds, at an annual rental of more 
than sufficient to cover annual interest and principal charges 
under mortgage. 
1929 Net available for interest, ete.......... $130,381 
Interest on $1.001.000 616S.....c0vevennes 65,065 
Times earned .....- 2. 
AmOTtization ...eve seeeeriniraneaenaes $54,500 
Guarantee: Guaranteed as to principal and interest by the 
Rankers Bond & Mortgage Co. 
Wellston Apartments 
(New York City) 
First Mortgage 6% Serial Bonds 
Amount: $1,650,000; outstanding, $1,554,000. 
Dated: September 25, 1924. 
Maturities: September 25, 1927 to 1936. 
Interest: March and September 25th. 
Denominations: $1,000 and $500. 
Taxes: 2% Federal--Penn., Conn., Maryland, Mass. 
Redemption: 102. 
Trustee: Nicholas Roberts. 
Appraised: $2,478,270. 
Security: Fee estate in (1) plot at the northeast corner of 
Amsterdam Avenue and 75th Street 102.2x120,—and (2) 
plot 59 feet frontage on the south side of 76th Street (61 
feet east of Amsterdam) extending back a depth of 102.2— 
a total area of 18,288 square feet. Each plot is improved 
with a 15-story apartment building, operated as a unit. 
Earnings: 
Year 
1926 
1927 
1928 . 
1929 
Net income 
for Interest 
$328,818.20 
338,843.91 
323,393.99 
217.090.27 
Interest 
charges 
$99,000 
08.6210 
~14ue 
~40 
Times 
earneq 
3.32 
3.43 
3.32 
3.34 
Amortized 
3 6,166.67 
24,833.33 
38,333.33 
40,833.33 
8