Security: Fee estate. in ground fronting 116 feet 31% inches
on Broadway and 115 feet 7 inches on New Street, extending
 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.

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