Full text: Statistical manual

Assessed 1930: $1,875,000. . 
Appraised: J. Romaine Brown & Co., $2,260,000. 
Security: Fee estate in approximately 10,000 square feet of 
land at the southwest corner of Sixth Avenue and 55th 
Street, 100x100—and the 15-story apartment building 
erected thereon. 
Earnings: Due to the foreclosure of a junior lien and the re- 
ceivership incident thereto, a report of earnings would not 
fairly represent the full earning power of this property. 
The information furnished from reliable sources indicate 
that the property is now in strong hands, and all moneys 
due under the mortgage securing these bonds have been 
promptly met. Further data not available. 
50 Broadway Building 
(New York City) 
First Mortgage 6% 1946 Sinking Fund Gold Loan 
Amount: $4,500,000; retired, $108,000; outstanding 10-14-29, 
Dated: March 1, 1926. 
Maturity: March 1, 1946. 
Interest: March and September 1st. 
Denominations: $1,000 and $500. 
Taxes: 2% Federal—Penn, Conn, Kas., Calif, Md, Ky., D. C, 
Mich., Va., Mass. 
Redemption: 103 to 1936; then 102 to 1940; thereafter 101. 
Trustee: New York Trust Company. 
Legal for Trust Funds in New York. 
Assessed 1930: $6,000,000. 
Appraised: Land, Geo. R. Read & Co.; Building, McKim, Mead 
& White. Total $7,300,000. 
Security: Fee estate in plot at No. 50 Broadway, just south of 
Exchange Place, extending through entire block to New 
Street—and the 35-story bank and office building erected 
thereon. Property very well located in downtown financial 
district, and earnings good. 
Record: 1929, net earnings available, for interest $338,737; in- 
terest $132,195—2.56 times earned. 
Price Range: January-May, 1930—9914-9814. 

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