Assessed 1930: $3,900,000.
Appraised:
Geo. R. Read & Co. and Chas. F. Noyes
Company, Inc.,, at not less than.......... $4,000,000
Junior Lien: $375,000 7% General Mortgage Bonds.
Security: Fee estate in the plot of ground with an entire block
front on John Street between Cliff and Pearl—192 feet frontage
 on John Street, 113 feet on Cliff Street, 55 feet on Pearl
Street, and 196 feet rear and a 26-story modern office
building, ground area 16,115 square feet.
Building is in center of insurance district, and in September,
 1929, was over 90% rented, though completed in April.
Present rentals (February 21, 1930)......... $665,000
Vacancies (February 21, 1930)...........uu.. 9,500
Excess of present rentals over interest and
amortization ...... $495.000

Price Range: January-May, 1930—9612-94.

301 East 38th Street Building
(New York City)
First Mortgage Fee 1939 Sinking Fund 6% Bond Certificates
Amount: $850,000.
Dated: July 11, 1929.
interest: January and July Ist.
Maturity: July 1, 1939.
Denominations: $1,000 and $500.
Taxes: 2% Federal-—Minnesota, Montana, Pennsylvania, Connecticut,
 Vermont, California, Oklahoma, Maryland, West
Virginia, District of Columbia, Michigan, Colorado, Kansas,
Kentucky, Wyoming, Nebraska, Virginia. Iowa, New Hampshire
 and Massachusetts.
Redemption: For Sinking Fund 101; otherwise 102,
Trustee: Straus National Bank & Trust Company.
Legal for the investment of trust funds in New York.

Appraised:
Slawson & Hobbs...................
Mark Rafalsky & Company...
Assessed 1930: $1,100,000.

$1,320,000
1.395.000

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