Full text: Statistical manual

Interest: June and December 1. 
Denominations: $1,000, $500 and $100. 
Redemption: 103 to June 1, 1930; 102 to June 1, 1935; 101 
thereafter. For Sinking Fund at 105. 
Taxes: 2% Federal—Pennsylvania and Connecticut 4 mills, 
Massachusetts 6%. . 
Trustee: Chatham Phenix National Bank & Trust Company. 
Cost of producing building and equipment 
appraised by Dwight P. Robinson & Co., 
Ing, af wissvemman sisipn. we Wolions § 
Mortgaged property appraised by W. Albert 
Pease, Jr, at ....... 
Assessed 1930: 
Land ...e.vovnnn.. $2,400,000 
Land and building ......... , cee. 5,350,000 
Becurity: Park Lane Corporation owns the leasehold estate 
which extends, with renewal privileges, to 1964, with a con- 
ditional right to a further term of twenty-one years or to 
have the building purchased by the Lessor, in the 30,000 
square feet of ground extending the entire east side of the 
block front on Park Avenue (200 feet) and Park Lane (a 
private right-of-way) and 150 feet along 48th and 49th 
Streets—also the 13-story high-type residential hotel com- 
pleted in the fall of 1924. The fee is owned by the New 
York Central interests, and is subject to a $2,000,000 mort- 
gage, which is not the obligation of Park Lane Corpora- 
tion, however, but of the New York Central interests. 
Earning record: For nine months ending September 30, 1929— 
GroSS TEVENUE ...cevvverennaennsananna.. $1,178183.61 
Operating expenses including real estate 
taxes. administrative expenses. etc. ... 
Operating income .... 
Rentals. ete. .. 
© $387,547.94 
175041 67 
Available for interest, before depreci- 
ation and Federal tax............. 
Interest requirements on first mortgage 
hous commnniiysven 
Times interest is earned. 
9 Eq 
Price Range: Januarv-May, 1930—88-8515. 

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