Evening Star Newspaper, March 28, 1921, Page 19

hfi S, g i NOTE CIRCULATION FALLS UNDER MARK Drops Ftrst Time Since Feb &8 ruary, 1920—0ther "SR Financial News. Last week, for the first time since reserve note $3,000,000,000 February, circulation fell mark, showing a reduction of $42,900.- 920, federal under 000 during the week. The present cir- 1920, S The ratio of reserve to liabilities 5 y . Because of v age of culation is $442.000.000 below the peak of December 23, 1920, less than a year ago. now stands at 51.0 per cent pared with 50.9 per cent last week and 43.5 per cent a year ago. a change in the method of computing the reserve ratio, the percentas as com- March 18 is made somewhat lower by the new method. Federal Reserve Discount Raten. Whether or not the federal reserve banks are now likely to countenance a reduction in discount rates is. of course, solely a matter of influence and judgment resulting from intimate sway the according to well contact with forces that world of business informed banking circles. For the present, at least, it is the opinion of Jocal bankers that the road is not yet entirely cleared of obstructions. It is hardly probable that such a change will ocour for a short while to come, and it will then come about only on condition that certain dis- quieting elements which now adhere to the business outlook will have been are bound to of paper. some of which is highly undesirable from the bank's standpoint, it is pointed out. and in order to avoid the pit- falls of last yvear #he matter will have to be weaighed with the great- est care in determininz a_ mode of procedure which will result in the “greatest good for the greatest num- ber.” The Department of Commerce has been advised that a representative of the municipal authorities of Flor- ence, Italy. is coming to the United States for the purpose of arranging a loan of 100,000,000 lire, with which to fund deflcits that have accumulated during the past few days. Payment of the loan will be made in thirty years. and it is proposed to pledge the city's revenues to Secure the advance. and. if necessary. to give liens on architecture and art treas- ures that belong to the city. Mr. Bornot to Speak. David Bornot of the National Sav- ings and Trust Company will address the elementary oclass of the local chapter of tho American Institute of Banking at its regular meeting to- morrow night. Bornot will take as his theme, “Functions of Trust Deposits.” On Thursday night W. W. Spaid. president of the Dupont National Bank and past president of the chap- ter. will speak on ‘Transfer of Stock" before the advanced class of the in- stitute. * Transfers of several railway bonds and the disposition of odd lots of stock comprise the business trans- acted on the local stock exchange to- day. Three Washington Railway and Electric 4s changed hands at 581, ten shares of Continental Trust Company stock were sold at 99%; and ten shares of Merchants' Bank were dis- posed of gt 152, when the market opened. —_— Washington Stock Exchange RALES. Railway b 1,000 at 358 1,000 et S, S o at 15?, = % Continental Trust 510 at 99%. ‘ompas Merchants’ Bank—10 = e AFTER CALL Washington Hailwas pr 20 Capital Traction e 4100 at K63 Bid and Asked Prices BONDS FUBLIC UTILITIES. Ameriean Tel. and Telga. 4 Lt &7 Potomae Electric Light 7y Potomae Electric con x2x Potomac Electric Power fa.... i Potomac Elec. Power G. M. 931 Wash.-Alex. and Gus 100% w Washington Wash. ltwy. D C. Pape Riggs Keuity S tshort)... STOCKS PUBLIC_UTILITE American Tel, and Telg in National Rigex Second Washington Security Savinzs 3 Seventh Street Savi e Union Savings Tnited States Washington Mo FIRE Arlington t Washington *Ex-dividend NEW YORK, M — Cotton traders considired the over-holid news rather disappointing with re erence to European | I condi- “ncour- st Lester agement in goods situatio and the n There was considerabic south- ern selling and some Liverpool sell- art. which was unchang turnca firmer trade covering Futures opene ¥. 12.70: Octe lower. but on pr buying and | and §64,200.000 : | Bullman Co NEW YORK STOCK EXCHANGE. Received by Private Wire Direct to The Star Office. Adams Express Adv Rumley. . Adv Rumley pf. Ajax Rubber Alaska Gold 2 1lis Chalmers pf. Am Agr Chem.. Am Beet Sugar... Am Bosch. Am Can. Am Car & Fdy pf.. 11 Am Chicle Co. Am Express. Calumet & Ariz. ~anadian Pacific Case (J1) pf ~entral Leather. ~entral Leath pf. ~erro de Pasco ~handler Motor. ~hes & Ohio.. . ~hi Great Westn ~hi Great W of. ~hi M1 & St P. “hi Mil & St P pt ~ht & Northwn ~hi Pneu Tool. ~hi R T & Pacific “MRI&PE%DL.. “hile Copper. ~hino Copner. lyett Peabody ~oca-Cola. ; Gen Cigar pf. Jen Electric... ien Motors. Jen Mot 6% deb. .oodrlch pf. “ons Gasof NY ~ons Tnt] Cal Min.. “uba Cane Sugar. Nenv & Rio Gr. Nenv & Rio G pf. Dome Mines. Endieott-Johnson. Erle.. Erie 18t Df. o Famous Players. Famous players pf Fisk Rubber. Gaston Williams JIreene-Canan: Hartman Corp. Haskell & Barker. Hendee Mfg Homestake. Houston Oil Hupp Motors. Ulinois Central Indiahoma. Inspiration Interboro Metro. Intl Agr Chem. Tntl Mer Marine Tntl Mer Marine pf nt] Motor Truck.. 35 Tatl Truck 1st pf. 1l Nickel. ] Vaper intl Paper invinecible Oil Tsland Oil. Kansas City Sou. Kansas C Sou pf... 49 Kelly-Spring Tiry Kelsey Wheel. Kennecott. Lee Tire & Buhbcr Lehigh Valley..... Lima Locomotive. Loews Inc... Loft Inc. . Lorillard pf. e Manhattan Elev... Maxwell Motors. Maxwell 1st pf. \ay Dept Stores. Mexican Pete Miami Copper. Middle States oli. Jidvale Steel. . Minn & St L (n). MinnStP&SSM. Mo Kan & Tex. { Mo Kan & Tex pf.. Mo Pacific Mo Pacific Montgomery Mullins Body ¥ Central. NYNH& Hart. N Y Ont & West... Northern Pacific. . Nova Scotia Steel. Oklahoma Prod. .. Pac Gas & Elec. Pacific Ofl. i Pan-Am Pel { Pan-Am Pe i Pennsylvan - | Penn People’s Gas. Pere Marquette. | Phila Company . | Phillips Petroleum | Pierce-Arrow . | Plerce-Arrow pf.. { Plerce Oil. Pierce Oil p! Pitts & W Va. 1'Pond Creek Co: Public Serv of N J. Norfolk & Wstrn. . Ohio Body & Blow. 1 Orpheum Circuit.. bd Steel.. FINANCIAL., ™ Open. High 1% % [ . @ Am Hide & Le: Am Hide & Leapf. 4% 4% Am Tce 52 & Am International. % €% Am La France. % 9% Am Locomotiv 88 88 Am Radiator. ) Am Safety Razor.. 6% 6% Am Ship & Com... 8% 8% Am Smelting...... 36% 87 Am Smit Sec A 6 & Am Steel Fdy..... 30% 304 Am Sugar. KB I Am Sugar pf. L1040 104 Am Sumatra . 80 £0 Am Tel & Teleg... 100 100 Am Tobacco...... 115% 116% Am Tobacco (B).. 112% 112% tm Waolen. L % Am Woolen p % 9% Am Zinc & Lead 81 8% Anacanda. 6% % 81 Atlanta Bir & Atl.. 3% % Atlantic Cst Line.. 8% 80% Atlantic Fruit Co.. 5% 5% Atlantie Gulf 0% Austin Nichol 10 Raldwin Loco. sl Ralto & Ohio 3% Ralto & Ohio pf. 4o Reth Motors. = Rath Steel (RY FRY4 Rooth Fisherles. .. 5 Rikivn Rapid Tra.. 1“4 1% Rurns Bros. . ES Rutte Conper. 4% Rutte & Superfor.. 11% 11% ~addoON..... . 15% 5% ralifornia Pckg... 60 60 ~alifarnia Petrol. 45% 6% 61% 2% 12% 1’ 1% 75 L = 1% 6% 1% 1% 8. 18% 51% 5% 73 49% 53% 6 6% 10 10 £3% 85 x 6% 66% 2 7 4% 45 6% 17% 1% % 6 9% 9% 38 33% n n 3% % % 8% 4 T 3% % 63% 3% 124 1% 23 3 26% 2% % 8% 88 8 0% 1% 3% 3% 2% % 1% 1% CO) ar Punta Alegre..... 4 & . Pure Oll. .. Lomu ouw . | Ray Con Copper... 12 124 | Reading. .. e e call broug | Reading 1stpt.... @ 40 TEAR a Detiar Gematd a0 Rep Iron & Steel.. 6815 68% Steadv- May, 11.96; | Rep Motor Truc! 18% 250; December. | Royal Dutch 5 5t Joseph Lead. 2 colder weath- | StL & San Fran... 2 2% over the belt | StLouls Southwn. 2% 8% results might | St LouisSpwnpt.. 87 37 Yery in Bavage Arms 1% 1T% southern portions of the Saxon Motors. 5 - some cotton alréady s up, and the | Seaboard Alr Line. &% &% demand increased. In the trading up | ~ears Roebuck. 6% 69% to 11 o'clock the active menths went |Sears Roebuck pf. 96 96 1% to 20 point= higher than the finai | Seneca Copper.... 16 | 16 of last week. May rising | sinclatr Of1 s s e Low. 28 fi 1% 1 % % 824 o4 a% 13 % . 52 “« Y 2% 64 30 a3 {¢ ol ¢ ities Servie Caledonia ... Canada Copper Dyrant Motors Elk Bawin .. rrell Coal Federal 0l Gilliland Ol Intercontinen-al { Interugtional ¥ Jeroue Verde THE High Low. Closa. Sloss-Sheffleld..... ¢ @ @ 4 Southern Pacific.. T56 T4 W% 7 Southern Rallway. 20% 0% 0% 0% StandOllof NJ... 150 150 150 30 Stand OfINJpf... 10 108 107% 30T% Stern Bros pf...... 106 106 106 150 Stewart-Warne! % K% UK WK Stromberg Carb... 30% 239% 5% 7% Studebaker. . M 0O TR T Submarine Boat... 8% 8% 8% 8% 0 BM 8% 8 o o B W% B B B B ™% 8 % 8 Texas Company. 2 e% an a% Texas& Pacific... 22% m4 = 2 Texas & PC&Ol). 14 ;K 2% % Third Avenue. 18% 18% 18% 18% Tide Water Oil....165 165 165 165 a% % &% Trans Contl Of 10% 10% 10% 0% 0% % Twin Clty RTran. 40 & e Union Ofl. 2 Unfon Pacific. w United Alloy Steel. IlK 1% 3 United Drug. » United rrun 104 i%i US Rubber 15t pf. 102 US Smelt & Ret ERH Vanadium Corp| Va-Car Chem. Wabdash pf A. Western Md 2d.... 17% 18% Western Pacific. 28% 9% Western Pacpf... 69 170 Western Unlon. 8 86 Westhse Air Brk.. 4% %% Westhouse E&M. 4 ¢ Wheeling & L E. 8% White Motor... a% White Oil... % Wilson Company.. #% &k Willys-Overland.. 8% 84 Willys-Ovid pf.... 34 24 Woolworth. . 1% 1K 1% Worthington Pmp. 51 51 50 High. Low. Last. Call Money..... % L] L HOURLY SALES OF STOCKS. 1lam. 190300 12m. 415 200 lpm 50760 2p.m..... 638 800 —_— CURB STOCKS. Quotations furnjshed by W. B. Hibbs & Oo. ;g track corn, yellow, No. 3 or better, western oxport, No. 2 clove: 16.00; sample hay, 10.00a15.00. put some market today. were received, however, and upturns in prices failed which began today in the July deliv- ery was of only small volume, with initial quotations, 1.22 to 1,25, mbout as generally expected. as a whole opened % to 1% higher, March 164 and May 141% to 142%, but soo; Saturday's finish. EVENING STER, WASHINGTON, Grain, Produce and Live Stock| M GRAIN AND PROVISIONS. BALTIMORE, March 28 (Special).— Potatoes, whi 100 Tbe., turkeys, per Koats,’ young, “each: SONTE: “Dressed eulln. 150-].0 ). Beans, green, pearl and ‘'was, per crate, 3.0026.00. Beets, per b\lnch. 4a6. Cabbage, per ton, 10.00a14.00. Cauli- flower, per crate, 2.00a3.75. Cucum- Eale, per bu., 35ab. Lettuce, per k.t 1.50a3.00. Onions. per 100 1ba., 75: 1.00. Parsnips. per bu., 1.00. Peppers, |, per crate. 4.00a6.00. Radishes, per basket, 1.50a3.50. Spinach, per bu., 50ag5. Peas, D basket, 4.00a5.00. ‘Tomatoes, Dlr cr-le, 1.5026.00. Tur- nips. per bu. Applu per bbl. 3.50a6.50; per box, 1.50; loose, per 100 ibs.. " 2.00a2.50. Orlnlzl per box, 3.00a4.00. Grape- |5 fruit, per box, 2.50a4.50. Tangerines, | per strap, 4.00a8.00. Strawberries, per qt., 25a45. Selliag Prices at Noen. Whul—%lo 2 red winter, spot, 3 red winter, 14 1. 1.30 and 1.40 per bu. Corn—Cob, new yellow, 3.85a3.90 per barrel, in cargoes; contract corn, spot, 73% per bu.; March corn, 73%; April, Eggs—S southern, 23. 0. crate, 4.00a5.00. crate, 4.00a4.75. Grapefruit, per crate, 4.0025.00. 1 maine lettuce, 1.25a3. 00. per crate, ?lorhu. 4.0026.00. per bbl, Kale, bbL, Tomatoes, per sack, per at., per bbl New cabbage, per crate, 2.00a 3 trictly fresh, per o3, n- Live 1try—Roosters, b, 313 o per 1be. 4ac3. chickens, per b, 36; itry — Freah pou spring chickens, per 1b., 55a60: wlh 40; roosters, per Ib., 25; turkeys, Ib., 50a53. 15a16; 11%. Live stock—Calves, choice, per Ib. 14; lambs, choice, per Ib., 23a25. Green fruits — r bbL, 3.00a Awl-. ey basket, per :::. qgu.u c-mornu emons, per California oranges, per Florida oranges, per Vegetables—Potatoes, nearby, No. 1. crate, 1.50a3.00. ll:’ee. 4.50a5.00; celery, 2 dfl‘- r 5 Florida " celery, 1.50a100; Ro- Spinach, 1.00 per e ket i 50a6'30, 00a6.00. Onions. " ‘Seassels sprou “Cranberries, 2.0025.00 2.00a2.54 Peppers, 16a25. Corn sales—None. Oats—No. 2 white, 52% per bushel; No. 3, 49% per bushel Rye—Bag lots of nearby rye, as to quality, 1.50a1.60 per bushel; No. 2 apot, 1.63% per bushel. Hay—No. 1 tlmolhy nominal; stand- ard’ timothy, 25.00a25.50; No. 2 tim othy, 21.00; No. 1 1 22.50; No. 2 light clover mixed, 18.00a 21.00; No. 1 clover mixed, 20.00a21.00; No. 2 clover mixed, 16.00a19.00; No. 3, 34.00a24.50; No. 3 timothy, 16.50: ght clover mixed, 23.00a 13.00a15.00; No. 1 clover, 17.00a18.00; 15.00216.50; No. 3, 13.00a Straw—No. 1 nominal; No. 2 atraight rye, nominal; No. 1 tangled rye, 17.00 No. 2 tangled rye, 16.0 13.00a13.50; No. 2 wheat, 1 No. 1 oat, nominal, 18.00a18.50; No. 2 oat, 16.00217.00. No. 1 wheat, 0212.50; CHICAGO, March 28.—Cold weather trength into the wheat No damage reports to last. Trading ‘The market | B sagged to slightly below Corn paralelled the action of wheat. After opening unchanged to % higher, including May at 64 to 64%. the mar- ~ | ket receded all around to a moderate extent. Aetna Explosive Allfed OIl .. American_Candy Atlantic Petrolem Big Heart . Big Ledge . Boane 0 ton and Montana P s Calumet and Jerom ities Serviee bureau ceipts, 23,000 hea beef steers and butcher she stock tully 25 16wer of other cereals, starting % to % up, May 40%, thing of g setback. % | ed_provisions. northern Oats were governed by the course nd then undergoing some- Lower quotations on hogs weaken- 62 cars; 1.0021.20 Pdtatoes firm; white, receipts, sacked, 84y, @y oY% 6% 40% 404 2% 1% CHICAGO LIVE STOCK MARKET. CHICAGO. March 28 (United States of markets). — Cattle—Re- slow; early sales choice long yearling 1k canners and bulls weak calves 650 ulk, lower; bulk Velllrl. 8.00a8.50; stock- ers and feeders slow; early sales, 25 Hercules Faper Indian Packing roleum ( 6% | Kuy County % Lake Torpedo . 29 | Lelzgh Coal und Nuvigacio o [ Loue Star Gas. z 8| Liviuge.on Petry E 3% | Xogua Cop arwcuibeo Ui o Magon Valley L 1% 1% 138 10 Sines o Bx Nipissiug Mines C -.“' North Amer. P. and P 4 Northwestern Ofl 24 $1% | Omar Oil (new) 2% 6 | Peunock Ui 4 9 ‘l'!rln.!lfln -rl:.n‘ :h Producers au % | adio rom. 2 B1% | Kuiio pfd. - 15 8614 | tiuy Heicoles 5 L3 £ 1% i A | 64, 21 | Skelis 0.0 ; =k Swee Co. of Amer 4% | it Internatiot 10 Touopah Divide . 27 | Tonvpuh Extension % United Eastern U. 8. Ligh and 49 | U. 8. Light -nd Heat pfd 3 United I‘l'ulll ring U. 8. Stea 3% 88 ! | Nutional 1enther uh Swifc & (0. Uzion Curbide . PASSES ITS DIVIDEND. Sears, Roebuck & Co. Attribute Ac- tion to Slack Business. CHICAGO, March 28—Seats, Roe- buck & Co. today passed the usual quarterly dividend on its common stock. This action was attributed by the company to slack business. BOTON, - March 28.—The United States Smelting and Refining Com- pany today passed the quarterly divi- dend on its common stock. The last dividend declared in January was 50 cents a share. The directors of the Punta Alegre Sugary Company today voted to re- duce the quarterly dividend from $2 to $1.25 a share. This action re- stores the rate that prevailed prior to last October. No statement was made as to the reason for the reduc- tion. D. & R. G. SALE CONFIRMED. DENVER, Col, March 28.—Sale of the Denver and Rio Grande railroad to the stern Pacific railroad for 000000 here last November, to tisfy a judgment of the I ulln.ble Trust. Company of New. Yor! confirmed in federal court here today by District Judge Robert E. Lewis. —_— SHIP ORANGES IN BASKETS. SAN BERNARDINO, Ual, March 27.—Oranges were shipped to Den- ver in bushel baskets instead of | boxes, and brokers here predicted | the orange industry of «California would be revolut'onized as a resuit. The basket paciine. brokers said, will do uway with high-priced boxes and the paper wrapping, s hich, it was said, has incrcased 150 per eenmt in cost this year over 1920. e = BERTY BOND NOON PRICES. NEW YORK. March 28.—Prices of liberty bonds at noon were: 318 89.94;" first 4s, 8$7.20 bid; second 4s, £6.76 bid st 4148, 87, second 4148, 6. third 4%s, 9 fourth 43q8, 87 victory 3%s, 7. n. and vie= tory 4%s. 97.64. ———— -EASTER HOLIDAY ON CHANGES. | LONDON, March 2§.—Today Is a hollday on all London, Liverpool ‘and Paris exchanges. i. "‘- e 25 t ag 200 pounds down, 1 pounds up. 9.00a9.85; bulk desirable, 30 to 120 pounds, 10.30' 210.75. Poultry—-Young pound. 30a40. old roosters, 20; dressed. 22; winter, 2% pounds and under, per pound. 45a50: | ducks, per pound, 32a40 i dealt to 50 lower. Hogs—Receipts, 47,000 head; d. fairly active, later 40 lower thap 8 urd.y 10.80: bulk, 075 bulk 220 pigs, 25 lower; open- e;1spotsmore; to) Sheep—Receipts, 28,000 head; open- ! ing about steady; good to cholce 386 pound wooléd lambs, 10. to 82 pound whorn ambs, wooled lamb: 9.50210.2 DAIRY MARKET. BALTIMORE, March 28 (Special). chicken: ressed, 40ad: dresaed, 38a . 5 42: turkeys, per pound, dressed, | Dikeons, per pair. 50z fo\nlu ®ach, 5!7‘3« capons, dressed, per pound. 40a32. Egge—(Loss nearby, “oft) stricily fresh per dozen. 50 24a25; southern, fancy, per pound, | Drinta, 4951: nearvy creamery. | 4 dairy prints, 20a2 pound. 18a22; ladles, 23a30; proocess | butter, 29a30; store p.uked 17a13. Age an Financial Independence Comes Through $5,000 Life Policy, $57.35 . Send date of birth for illustration d particolars at sour LE ROY GOFF, Insurance Adviser e, 118 Woodward Bullding. M. 340, A Double Benefit Our plan for subdividing the larger mortgages brings with- in reach of all the opportunity to invest in one of the safest securities in the world—one which there has never been a loss to any investor—FIRST MORTGAGES. For an example, you can in- vest $250 or any multiple in & mortgage on a $10,000 home. By putting your money into this form of investment you not only benefit yourself, but. in ad- dition, do ‘something toward relieving the housjng shertage, because the more money in- vested in mortgages the more money available for new homes. B. F. SAUL CO. Mortgage Loans 934 N, Y. Ave. N.W. Commercial Accounts Safe Deposit - |IBERTYS FEATURE | BOND MARKET DAY NEW YORK, March 28.—Liberty bonds began the week with a some- what higher range of prices. They registered gains of 10 to 15 cents, with the second 4%s at 87 agaig, and | the third 4%8 wel above 90. | here was little change in foreign | governments. Belglans were strong again with the 68 of 1925 actively in at 91, and the 8 per cents| at 97% to 97%. B!'lflln 71%8, how- | ever, were down a half point to 96%. Such_issues as United Kingdom 518 of 1937 at 85%, City of Bern 8s at, 95%. Paris 63 at 98% and Mexican s | at 453% were almost exactly the same as where they left off on Saturday. The market for corporation issues was very irregular. Trading was dull with no ‘settled tendency one way or tle other. The new Pennsylvania 6%s inade a new low record at 97%, where they were off a half point from the close of last week. The Chicago and | Northwestern §3¢. on the oher hane, | brought out ‘under essentially the same conditions and the same terms as the Pennsylvanias, held well at 99%, with a cash transaction as high as 99%. Earniags Badly Of As the earnings position of the| Northwestern road is quite as badlv off as that of the Pennsylv.ania, it is hard to understand this_discrepuncy in their market action. The Pennsyl- vanias, by the way, were the issues where they advertised “oversubscrip- tion” was the greatest of any of the rall offerings made this year, Burlington joint 4s continued to be | N heavily Ulll t at their high of 98% | to 98% With reorganization com- pleted there was a sudden demand for Chicago and Eastern Illinofs honds. | RN The general mortgage 5s Guaran- | N toe Trust Company certiflcates .rose N and the United | R : and Trust Compai umped two points on ac- Among_industrial bonds the tele- phones ere the best bougnt. A single block of $125,000 American Telephone and Telegraph convertible 63 changed hands at 97% and Bell Telephone of Pennsylvania 7s got up above 103. United States Realty 58 at 86%. and Cuban-American Sugar 8s at 1013, were new highs. Chile Copper 6s gained a half point to 71. i HENS YIELD HER u.xu. CALCARY, Alberta, March peak- ing before the Poultry Associstion of this city, G. M. Cormie, Dominion government ' poultry representative for Alberta. instanced the profits that can be made by mentioning a farm er's wife at Huxley, who, last year, made #1100 profit- from £ 5 b P & flock o NCOLORADO BUILDIN EQUITABLE CO-OPERATIVE BUILDING ASSOCIATION Organized 1879 41st YEAR COMPLETED Asscts Surplus Resolve to Join the Equitable and Save Sys- tematically. —If you adopt thix plan of xaving row will he nd delighted with the resnlts obtained. Subseript for the 80th Issue of Stock Being Recelved Shares, $2.50 Per Month 4 Per Cent Interest EQVITABLE BUILDING, 915 F St. N.W. JOHN JOY KEDSON. President FRANK P. REESIDE, Secy. LIBERTY BONDS BOUGHT AND SOLD FOR CASH leerty Bond Exchange lllh Sl. N.W. Harriman & Co. . MEMBERS: New York Stock Exchange 111 Broadway, New Ylork ) R, Washington Office Tel ome Matn 1603 G. B. CHIPMAN | mo. Al U, MONDAY, MARCH 78, ‘1971’ oney to mmm‘“n—l L4 of Trust en Joseph 1. Weller & bidg. . FINANCIATL. *19 Loan 9th and rve as req juired by Gmearsed’ premiyma. facied: reserve perpe pelictes o, o other and 4.571.; FREDERICK W, DAY, General Atioraayfoethe Ut sworn to before me Subacribed and 15th day of February. (Beal.) Notary Publle, Kin Certificate filed in 2. Habitities—Net all Lite 1921, EDMU} D, lnnvlt. oo York Ca. ¥ .Tlle Leading Fire Company of the World 727 Fifteenth Street N.W. ‘Washington, D. C. FOREIGN EXCHANGE Checks . Cable Transfers Foreign Currencies DUPONT NATIONAL: BANK Franklin 4424 On Parle Francais THE NATION’S HOME TOWN. STATEMENT OF THE CONDITION || omEAT Al!:ucu nkull:l: COMPANY OF NEW YORK CITY. On the 3ist day of December, or 13,247.403.04 677.400.6 ¢ 12649712 30, 1902, and August 18, 1911 - .$10,000,000.00 10,000,000.00 stock || Capital stock, paid up. in’ca, 15,186.00 || $18,308.16 o 21441 (market valve). 3, o700 166,128.61 All other w Net unpaid Reserve as required by law. Reinsurance premiums Salaries, rents. ted States. ! et this Coaratiet of basiness “irimaac posss ract tra: ted duri: Tear 180" Vire and marine i Amount of umed di the year lm I-l sustained during the Total lia visions. Amount of during th STATEMENT %; m‘ CONDITION Royal Indemnity Company of New York | On the 31t day of December. 1920, as re- quired under_ the District of “Columbia Code, amended June 30, st Lo | c.pn.l stoox paid up in cash” 1,000,000 Total lis bilities Thenacter of ‘bosiness (rassasiod. doml the year 1920—Casualty, || surety. || Amount of during the year 1920. Losses tained during the Bonds . 637 Colorado Bldg. i premiume written We pay 3% compound interest on savings. 1920 .. Expended during (Beal) (Signed) (8igmed) E. M. CRAGI Bubncribed and sworn ¢ | | || day of January. || (8eal) (Blned) J. HOMER REED. | Notary Public. Notary Public, Bronx County, N. Y. Cer- tificate filed in New York Coanty. No. 270. GASCH & BIRGE, Resident Managers, 1326 New York Ave. N.W. ¥ Defors me this 28tk 1902, and Au- || -$1,000,000.00 00 Statement of Condition of State Mutual Life Assurance Co. Org: Premioms uncollected and in hands of wgents. Interest due and acerued Total aswets.......... unpaid ... Al other liabilitics.. . Character of bu ing the vear with and without Waorcestor, Mass. red 1844 estate. extate ssers. o L$00,6:3.352, 98 LiARITIES. claims.. . .$63.876,3% .77 s ‘trammacted dur. Life inwrance disability pro- hilities. . =3 risk aseimed e yeur 1920, S55,620,061,00 fned during ... THE MONEY YOU SAVE can earn 7% for you today—with absolute safety. Most savings banks, trust companies and insur- ance companies invest a large pro- portion of their capital in real es- tate mortgages. Why not invest your own money in our First Mortgages on improved Washington, D. C, real estate and earn 7% yourself? In denominations of $250—$500 —$1.000—so that the person with $250 can buy these premier invest- ments just the same as the individ- ual with many thousands to invest. We attend to all details. s | Bdelity a .$10,297,922.76 | f 4,626,485.72 J | . 10,724,258.34 | | 813 '15th Street N.W. The Independenée That Comes With A Bank Book No one is free whose wishes and necessities are continually clashing because: of financial difficulties. If there are wishes which you have not attained, you ought to start saving now to make them come true. . On the emblem of the American Seturity and Trust Company is written, “Liberty: American Security”. In no manner can this be’ better fulfilled, both for the national prosperity that comes of national thrift, and for the security of your own home, than by starting your financial independence with a savings account at this bank. To accommodate Government and others who receive their salaries twice 2 month, the offices of the Com- pany are open until 5:30 P.M. on the first, second, fifteenth, sixteenth and last days of each month, as well ds the usual daily banking hours from 830 A.M. to 300 P.M. If, hl:fiwmfi:n;:{dwndamdfilhms:;;day,&nday,wa y, is until 5:30 on the following business day. On&mzday:P:‘eclueatmon,butdleCmml, Northeast, and Southwest Branches are open Saturday evenings from six to eight. ‘¢ AMERICAN ¢ SECURITY & TRUST COMPANY 15th Street at Pennsylvania Avenue HOME SAVINGS BRANCHES yth Street and Massachusetts Avenue, N.W. Eighth and H Screets, N.E. 436 Seventh Street, S.W. ALLAN EWALKERECO. ALLANE. WALKER & CO., INC. Real Estate and Insurance Brokers Southern Building