with two 21-year renewal options, or at option to New 
York Central to buy the building at expiration of 1st 
renewal. 
The New York Central interests mortgaged the fee for 
$2,500,000 which it advanced toward the cost of the building, 
this sum being repaid as additional rental under the lease. 
Junior Lien: This bond issue is followed in lien by $1,200,000 
7% gold notes due in 1940. Its stock consists of: 
Series A common .................. 48,000 shares 
Series B into which these bonds are 
convertible o.oo evi ire. 24.000 shares 
Earnings: 
Actual earnings 1927—available for interest.... $294,894 
Interest charges on these bonds, same period.. 78,000 
3.78 times 
American Woman's Realty Corporation 
(American Women’s Association Clubhouse, New York City) 
25-Year Sinking Fund Mortgage 61% due December, 1952. 
Amount: $1,500,000 ($602,000 repurchased and held in Treas- 
ury); outstanding $398,000. 
Dated: December 1, 1927. 
Maturity: December 1, 1952. 
Interest: June and December 1st. 
Denominations: $1,000 and $500. 
Taxes: 2% Federal--Penn., Conn., Kas., Calif, Maryland, Iowa, 
Ky., D. C, Mich,, Va., Mass. 
Redemption: After June 1, 1930, at 10212. 
Trustee: Equitable Trust Company. 
Stock Purchase warrants: 10 shares for each $1,000—at $50 per 
share to 1929, increasing $1 per share each year up to $58 
in 1937. 
Appraised: 
Joseph P. Day, Inc., and Pease & Elliman.... 
Prior Lien 5% to 5% mortgage due in 1942, 
Metropolitan Life .. 
Equity in this issue 
Assessed 1930: $5,100,000. 
$6,510,750 
3,400,000 
$3,110,750 
HE