in 1926. Building has 345,600 square feet rentable area.
The lease runs for 21 years from 1924, with right of two
21-yr. renewals. Present ground rental during first term is
$115,000 per annum.
Earnings:
Net available for interest depreciation
 Fed. taxes..........c.ou....
Ist Mtg. 7% bonds outstanding, interest
 .

1929 1928
$418,537
.. 113,050 120,108
Times earned ....... .... ........ 3.70 -3.39
Amount of bonds outstanding Dec.
31st .. ..$1,615,000 $1,715,833

Price Range: Jan.-May, 1930-—100-97.

Park-Murray Office Building
(New York City)
First Mortgage Serial Gold 6%%
Amount: $2,100,000; outstanding, $2,060,000.
Dated: August 15, 1926.
Maturity: Feb. 15, 1930-Aug. 15, 1941,
Interest: February and August 15th.
Denoniinations: $1,000, $500 and $100.
Taxes: 2% Federal—Pa., Conn., Md, D. of C, Va., Mass.
Redemption: 102,
Trustee: Guaranty Trust Co. of New York.

Appraised:
Thoens & Flaunlacher......... $3,202,332
J. Romaine Brown Co............ 3,250,000
Assessed 1930 ...... ..  .. ceiiiiiveeees.e. 2,375,000
Security: Fee estate in land fronting 86 ft. 634 in. on Nos. 9 to
15 Park Place, and 75 ft. 2% in. on Nos. 8 to 12 Murray
Street (depth 151 ft. 8 in.) and the 18-story office building
erected thereon.
Earnings:

Year
1928 .......
1929 .......

Net available
for interest
$157,966.38
295.126.71

Interest Times
Charges Earned
$136,500 1.15 eens
136.500 1.65 $36,666.63

Amount
Amortized

?