Evening Star Newspaper, March 31, 1921, Page 29

| | | than sacrifice expected profits or A From Northern California CHICAGO BANK BUT THE BORROWINGS MOUN Significant Thing Is Charged to Retailers’ Reluctance to Reduce Prices and Take Losses—Situation Elsewhere. tches marking country, ited in The Star.) BY A. D. WELTON. Dispateh to The Star. CHICAGO, March 31.—The a corresponding decrease in loan: For the first sixty days of the year the banks were reducing their bor- This was in response to the high money rates and the forced liquidation. De- but bor- rowings by large Chicago banks are Towings at the reserve banks. posits are still shrinking, mounting again. Having exhausted their supplies rve banks, the county banks, whose de- the res of eligible paper aut posits have also decreased heavil are seeking accommodation for the’ Chicago correspondents. This its_course. The extreme reluctance of some re- tailers to reduce prices and take lo: es is the cause advanced by bankers. pro- nounced as the necessity for taking This reluctance becomes more losses becomes more apparent. Want Banks to Carry Them. Not infrequently, a merchant which may be interpreted that loans against the good been made on the same ba pay bank loans the merchant the time of paving the bank losses. The farmer is in a_ simi r position, although he can feed his grain in many instances. The price level question of first irfcreased exports. means imports Foreign permanency. Gratifying Reports Come BY LYNN C. SIMPSON. Special Dispatch to The Star. SAN unemployment and _conditions fered substantial reductions ning season. taken an unusual form. ceived 5 cents a pound. ) w~ Fruit Pack 75 Per Cent Less. 75 per cent of last year. ples troubicsome exchange ery and similar supplies are desfred. Sugar Profits in Hawail Interesting figures were made pub- lic today on the profits of the sugar Dividend records f twenty-five companies show total isbursements to shareholders of $22,- 900,000, compared with $10,000,000 in 1913 these industry of Hawail. the previous year. In same companies paid only $4,600,000. An experimental STATEMENT OF THE CONDITION Of the Company Ceonneeti ©On the 31st day of December, quired under the District of Code, amended June 30, 1902, 5 18, 1011, stock stook’ pa Capital Capi Beal estate mortgages (frst 1ien) toc Total liabilities March, 1921 al Tth of ) A H. WIGHTMAN, Commission expires Feb. 1, 1923, ALLAN E. ‘Allan E. Walker, Pres. ‘Wm. L. Browning, V. P. FINANCIAL (Dizpa the progress of the deflation and readjustment process in business throughout the giving the conclusions of special correspondents who have been instructed to present conditions and indications as they really exist, are most gnificant thing about the business tuation in Chicago and the middle st today is the shrinkage in de- posits of commercial banks without indi- cates that liquidation has not run ad- vertises that the goods offered have been bought at prevailing low prices, to mean have But when the sale of goods at possible prices will not bring enough funds to be- comes reluctant and seeks to extend rather ake is then still the importance as the country endeavors to reach normalcy. Discussion of foreign trade develop- ‘ment continues, but the foreign trade enthusiasts speak only in terms of trade as well as exports, and of substantially the same ‘value. Otherwise, such trade can have no FRANCISCO, March 31.—Re- opening of lumber mills has carried nerthern California over the peak of are steadily improving. Wages have suf- in_the mills as well as in other lines and the end has not been reached apparently. Favorable weather has sent a veri- table flood of asparagus to market nd hastened the opening of the can- Owing to the uncer- tainty of market conditions, the as- ragus contracts of canners have Packers have contracted to pay the growers $3.15 per hundred pounds with an addi- tional 25 cents if the canned products can be sold on e basis which will bring $3.50 per hundred. bonus system, growers last year re- Under the ‘Well informed fruit canners have estimated that the total pack of Cali- !fornia for this season will be about Through F. S. Morton, official repre- sentative of New Zealand, that sec- tion of the British dominions has un- dertaken by a return to first princi- lo overcome the handicap of fluctuations. Morton, who is now here, brings a proposal that New Zealand shall ex- change in direct barter agricultural products of specified value for Ameri- can manufactures of the same value. New Zealand has a large surplus of ‘butter and cheese for which machin- hipment by water from Cincinnati to San Francisco is being watched with deep interest by shippers. This cargo will come all Hartford Fire Insurance .626,948.35 sacted during Notary Public, 813 Fifteenth Street N.W.—Southern Building—Phone Main 429 DEPOSITS DROP‘ theatrical performance: unfavorable comment it was not a hered to. The institution of the rate at the Empire Theater comes a time when ticket prices general are being reduced. will not be taken out of * X x % CHICAGO, March 31.—Skepticism the great factor to be contended wi in business today, according to a di the way by water. The cargo pays|ty and hesitation. freight of §2.35 a ton. Rail rates for e N vould be $4. the same cargo would be $ oLi, BTOCKS, Reported Price Reductions Cover a Wide Scope in N. Y. BY JAMES ALLERTON. Special Dispatch to The Star. EW YORK, March 31.—The Fed- | eral Reserve Bank for the second district. which embraces the state of | New York. the western end of Con- | | necticut ana the northern countie of New Jersey, issued 3 | monthly rev of business cond tions in the district. It gives Sta- tistical details of the situation which | emphasize the estimates that have been given in these dispatches, al- though these details naturally do not . B Anglo-American Ofl Co. (new).. Attantic Ttefing_ Co. - 800 Borne-Scrymser Co. Buckeye Pipe Line Co. : Cheseborough Manufacturing Co. Continental Oil Co. ew York Transportat Line Co. cover as recent a period. Solar _Retining_Co In the city itself the review meas- | Southery lipe Line ures the volume of net sales during |South Peun Oil o.. Southwest. Penn. Pipe Line Co.. Standard Oil Co. California. Standard Oil Oo. Indian: Standard Oil Co. Kansas February as 1 per cent smaller than during the same month of 1 the district outside the city th ume was 91 per cent larger. number of transactions in the city was 11 per cent larger and in the district outside the city 13 per_cent larger. From the beginning of the ear there was a comparative de- crease of 41¢ per cent in net sales in the city and a comparative increase ent for the district out- Washington Oil et FOREIGN EXCHANGE. ions furnished by W. B. Hibbe & Co. SCling ehecks, doler” value: munities will, petbaps | e 9 Budupest find more of interest, if not of signi cance, in the measure of the decre: in prices reflected in the review. In|Paris the city this is shown to be 161 per cent, in the district outside the city, 3 per cent, and for the district, as a whole, 18 per cent. This estimate is reached by comparative statements of | Athens stocks on hand. and since these stocks | Vienna are measured by their selling price, the percentazes are said by the bank to represent “lower prices rather than a reduction in the actual number tof articles.” ) Volume of Business Improv. Since the review is based upon re- ports by department stores, the de- crease in prices will be seen to cover 29% Montreal .. ——— The sale: Pacific Tea public. 859 in the preceding vear, an increa: of more than 20 per cent. . -An nounced rate of $5 for Fred Stone's production last fall caused so much ‘The Barrymore production, it is explained, has been arranged for eight weeks only and ew York. tinguished Chicago merchant. Bus! ness men all over the country admit that all signs point to steady improve- ment in conditions, but are retarding the improvement by their own timidi- Quotations furnished by W. B. Hibbe & Co. of the Great Atlantic and “ompany for twelve months ended February 28 aggregated $235.- 302,877, according to figures just made This compares with $194,646,~ MoneL to Loan Secured by First of Trust on Real Estate. Prevailiug aterest and commission. 20 Wash. { Joseph I. Weller & Waih L & Trust. d- ELd at 1y BOUGHT AND SOLD FOR CASH Liberty Bond Exchange 604 14th St. N.W. AUTOMOBILE & TIRE STOCKS Of the ‘MUTUAL FIRE INSU is COMPANY OF THE DIS- th ||| Chandler U. S. Rubber TRICT OF COLUMBIA -, | , 1902, an , 1911, White Kelly Pierce Arrow Springfield Keystone The long expecied upward movement In motor and tire stocks has begun. The entire automobile industry is rapidly approaching normal, and rising stock market prices are refiect- ing the improved conditions. {{Our Weekly Market Review analyzes the above, also 37 other listed securities. Copy sent gratis upon re- quest. Ask for W. S. No. 176. C. A. BERTRAND & CO. Main Office Branch Office 25 Broad St. 44 Court St. New York Brooklyn o Interest due and accrued4 Total assets . LIABILITIE! Net unpaid claims . eserve as required 11 other liabilities. Total liabilities ... il Character of busine, year 1820--Fire insurance. Il | Amount ot rixk ussamed during | the year 1920..... g 1| | Losses sustained’ ducing the year duding the year Expended during the year 1920.. (Signed) W, CHURCH, (Signed) L. PIERCE BOTELER, Subscribed and sworn to day of February, 1921 (Seal.) (Signed) $2,000,000.00 Strength and Service Are of This Bank’s Popularity se a wide scope, and for that reason may be taken as perhaps the most impor- tant statement upon this vitally inter- esting topic that has been made this year. Of the volume of business done, the bank says: “A further explanation of large sales is found in the type of purchases being made. Merchants report that sales of men's and women's apparel are running well ahead of last year's sales. Many people are replenishing their wardrobes. Housefurnishing _goods and pianos’and other musical instru- ments are not in as great demand as last year. The increase in stocks dur- ing February was not as large as dur- ing the corresponding month last year because of the tendency on the part of retailers to buy only for immediate needs. Thus far department. stores have not, to any considerable extent, contracted ahead for fall goods to be shipped late in the summer. * * x % Business Notes. NEW YORK, March 31.—With sev- eral American delegations in Mexico and a “good will” commission of Mexicans touring this country, the possibilities of the Mexican = fleld for trade are receiving an unusual amount of attention.. The good will commission is endeavoring to obtain & large American representation at the international trade conference, to INSURED INVESTMENTS—3 DO work in & factory? If 20r Jome with your fellow-workers, bly are colleetively Insured your employers against scci- dent to life dr limb. CARRY _this ineurance lesson into your Investment activities. By fnvesting in our First Mortzage Notes on improved Washington, D. €. real estate, you insure the dafe- ty of your principal obtain onstant yield of taterest from year to year. SWARTZELL, RHEEM & HENSEY CO. 727 Fifteenth Street N.W. ‘Washington, D. C. THE NATION’S HOME TOWN. Safe half a century’s service and the back- Deposit ing of large capital and surplus, e this bank is eminently well qualified Boxes at to protect YOUR CASH. {Why not begin an interest-earning ac- i Moderate count here, This Pay Day? Deposits are Rentals welcome in any amount. OFFICERS WILLIAM B. HOOVER Same WOODBURY BLAIR..First Vice President FRANK W. STONE...Second Vice President Rate of FRANK STETSON.............Trust Officer CHAS. C. LAMBORN. Treasurer E, PERCIVAL WILSON.. Secretary Interest FRANK R.ULLMER Asst. Sec'y & Asst. Treas. Paid on DIRECTORS Woodbury Blair H. Prescott Gatley Large and Tarmes A Buchanan _* William D. Hoover William A. H. Church Victor Kauffmann Small Walter C. Clephane Charles Minshall William V. Cox Frank W. Stone Accounts willlam E. Edmonston William H. ‘Walker 55th Year be held in Mexico City, June 20 to 26. The international conference is ar- ranged by the confederation of Mex- ican chambers of commerce. It is claimed that MexXico is the one bright spot in the export situation. Eighty per cent of Mexico's imports come from the United States, and members of the commission say they not only want to maintain that ratio, but to increase it. The American exporter was presented with the Mexican market by the war, it may be said, and it is distinetly up to the export- ers to perpetuate the advantage they now enjoy. Credit requirements, it is said, offer no great obstacle. New banking laws are now before the Mexican congress. * % % % NEW YORK, March 3 -High prices of American products are halting pur- chases by forelgn buyers now in this country, according to statements made here today. This is especially true of American manufactured silk: One British buyer declared New Yor! Bought, Sold, Quoted Investment Securities §10-11 Evans Building ‘Washington, D. C. Main €180 INSURANCE prices ‘were entirely out of reach of Every kind you need the English houses. He said he had for your protection., seen some beautiful silks in America, Let us quote you silks that would make a strong ap- rates. peal to the British public. but the prices of these silks had put all 5 thought of purchase out of his head. < e B. F. SAUL CO. NEW YORK, March 31.—Announce- ment was made today that the price 934 N. Y. Ave. NW. of all orchestra seats for the forth- comipg production of “Claire de Lune,” in which Ethel and John Barrymore will appear, will be 35, marking the first time that such a fee has been charged for regular ALLAN E. WALKER & COMPANY Incorporated Fire, Burglary, Tornado, Liability, Plate Glass and Automobile Insurance—Bonds—Honorable and Prompt Adjustments and Payments of Losses SBTATEMENT OF THE CONDITION of the Hartford Accident and Indem- nity Company Of Hartford, Connecticut. ©On the 31st day of December, 1920, as re- uired under the District ‘of Columbia le, amended June 30, 1902, and Au- gust 18, 1911. Providence-Washing« ton Insurance Company Assets, $9,734,872 Capital St0cK o..cevceeee.... $2,000,000.00 Capital steck paid up in cash 1,000,000.08 Glens Falls Insurance gt o o SRBE s ash in . 1,208,029 Company Btocks and bonds 5 value) .. - 7,484,222.00 Premiums uncollected and in Assets, $10,100,519 hands agents. 2,138,202.84 Interest due and accrued. 91,713.28 ALl other assets . 174,191.66 .' o Total admitted assets ....$11,162,918.00 Superior Fire Insur- ance Company Assets, $3,067,548. $4.300,900.14 3,917,000.06 federal taxes, Total abiliti etc... 203,091.00 State Assurance Co., 905,758.48 $0, racter of business Character of business tr duris the year 1920—Fire. marine, sutomobile, Ltd the year IDMA“&:!:Q}‘ ;«':T';‘,mn.n':flx"y‘, Bail, tomado. sprivkier leakage, explosion, o orkmen' o Compennation, fdelity, surety, " acren : rElary, auto and teams, property A.-nd ust :he l;\::' :(- M.H“.:‘-”.A-'Aimm ASSE‘S, $l,137,53‘ llo?l.‘.‘ w{n collective and live Lesses sustained during the Losses sustained during the year 1920 . - 18, 923.08 '!en 1920 &“.m,m.“ e oney 43.206,171.21 . 9 year .e... 9,001,708.27 Firemen’s Insurance Eipented duriag ihe’Seak 16 1813410 5 Treaident C AL 2 D RRABRY, THOS. H. SCOTLAND, Asst. Rec ary. ompa“y ROBT. B. LEE HAMILTON, o and sworn to before me this Comptreller. Assets, $491,695 Subscribed and sworn bety "‘:fl:{)“ are"ga51, ** Deige me bie THOS. W. BRAHANY & CO. U T O 'CITIES SERVICE SECURITIES which more than 54.3% from the United States. by giving the America of cable communication JOHN L. MERRILL, Pres. Cable Office, 1126 Conn. Ave. Telephone Franklin 1169 buSiness men national trade. for Capital and Surplus the Cornerstones {| Fortified by the experience of over Reginald S. Huidekoper Henry K. Willard National Savings & Trust Co. Oldest Savings Depository in Washington Comner 15th and New York Ave. In 1919 Peru's total imports “ amounted to $47,230,000, of ALL. AMERICA CABLES porter and exporter a direct and American-owned means ables him to ocompete on equal footing with European inter- STATEMENT OF THBE OONDITION RANCE required $5.141.87 5.769.18 -$17,571, 12,561.62 56,851.98 Prenident. Secretary. before me this 23th THELMA_PEACOCK., Notary Public. came im- , en- NORFOLK & WESTERN RWY. COMMON STOCK A Recerd of Prices emthe New York Steck Exchange m% HIGH LOwW 9% M 2% 102 9% " WE RECOMMEND Norfolk & Western Rwy. Co. 6% Convertible Bonds, Due Sept. 1, 1929 Listed en the New York Steck Exchange PRICE ABOUT 101 & INTEREST YIELDING OVER 5.82% CONVERTIBLE INTO THE COMMON STOCK OF THE COMPANY AT PAR (5100 A SHARE) * Retmond & Co. « mi:xinN JARRER, 4 COMBINATION oF WAIIJK”EB & COMPANY . FRAZIER & CO. AND REDMOND & co, Superior Insurance Service Leroy Gaddis, Jr., Sec.-Tr. Bertram G. Len: W. Edgar Leedy, Director ' De Manager Insurance Dept. Washington, D. C. Phones: Main 7074-5-6-7-8 1915 1916 1917 1918 1919 1920 M7 138% 112% 112% 103% 84% The F. H. Smith Company THE EVENING STAR, WASHINGTON, D. C, THURSDAY, MARCH 31, 1921 LIBERTY BONDS |Aumerican Telephone & TelegraphCo A quarterly dividend of Two Dollars per share will be pald on Friday, April 15, 1921, to stockholders of record at the close of bus| ness on Friday, March 18, 1921. On account of the annual meetin fer books will be closed from Saturda: 19, to Tuesday, March 29, 1921, both days included. the trans- March G. D. MILNE, Treasurer. Real Security For Real Money We live today in an age of specialists. The wise investing of money re- quires patient study which few have time to give; knowledge of special con~ ditions which few can se- cure; facilities for re- search which féw have available. We are specialists in First Mortgages. Our plan of investigation of First Mortgages is built on a definite system of safe- guards which embody the result of our 48 years of experience. We offer and recommend EIGHT PER CENT (8%) FIRST MORTGAGES in denominations of $100, $500 and $1,000, with ma- turities from 2 to 5 years. List of Attractive Invest- ments Upon Request Investment Department 815 15th St. N.W. Established 1873 ¥ bi IR Cash in office . Cash in bank. Rteal estate . Real estate mortgages (Arst lien). Stocks and bonds (ma Premiums uncollected and in hands. of agents ... Interest due and accrued Total assets. Net unpaid claims .... - Reserve as required by law for liability and compensation claims ... Reserve for claim expense. Re-insurance premiums . arie. ability le, accident and health. Amount of risk assumed during the year 1820.. Loases” sustained ‘during the year 1920 ... Expended durinj My commission expires E gllll T VLT STATEMENT OF THE CONDITION Ot the INTEGRITY MUTUAL CASUALTY COMPANY OF CHICAGO, ILL., On the 31st day of December, 1020, as required under the District of Columbia Code. ed June 30, 1902, and August 18, mend- 11, Mautual Company up, in -+ Mutual Company rket value). 82 ssiies a i LIABILITIES. Tents, expenses ete. ... 45,000.00 Capital “sfork ‘Mutual Com All other Surplus. . M"P“’.né Unpaid re-insurance and return premiums 28.514.41/ $1,871.533.75 transacted during the compensation, automo- -Subject to statute 1,080,716.79 during " the year & the year 1990, 3. 0. ADDBRLY President. Subscribed and sworn to before me day_of January, 1921. o ey (Sealy ANTHONY J. KUBIOCK, tary Pubife. | 1923. i Boteler Mutual Insurance Agency 206 Mutual Fire Ins. Bldg., 13th & N. Y. Ave. N.W. Phone Main 1557 Mutual Automobile, Fire, Tornado Insurance EQUITABLE CO-OPERATIVE BUILDING ASSOCIATION Organized 1879 41st YEAR COMPLETED Resolve to Join the Equitable and Save Sys- tematically. —It you adopt this plan of saving you will be surprised and delighted with the results obtalned. Subscriptions for the 80th Issue of Stock Belag Recelved Shares, $2.50 Per Month EQUITABLE BUILDING, 915 F St. N.W. JOHN JOY EDSON. President FRANK P. REESIDE, Seey. the FINANCIAL. Oldest and Best stitutions Drosress: ol tmprotorss nt. o sa; would supplant the opinions and policy of any osse we should do so upen evidence mo con: %0 clear that even their authority, fairly and most surely whereof ‘we ourselves decl i ~ S s declare they under- and_argument considered and mot in a ocase 7. MEMBERS: 111 Broadway, New York G. B. CHIPMAN Manager N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N Known in Washington. The Largest Savings Department of Any Bank in Washington Open Saturday 5:30 P.M. to 8 P.M. Lincoln Said: I do not mean to say we are bound to follow sim. plicity in whatever our fathers did. To do so would be to rience, to reject all is that if we hers in caive the lights of current ex; What I our weighed, cannot stand: A Man’s First Duty —is to protect his family. ings account constitutes the first line of defense. Open a savings account with us. Interest Paid on Savings Accounts * 3% Commercial Accounts Monthly Statements Rendered Foreign Exchange At Lowest Rates . Saving of 20% to 30% STATEMENT OF THE CONDITION Of the MUTUAL FIRE INSUR- ANCE COMPANY OF PITTS- FIELD, 8., On the 31st day of December, 1920, as uired under the District of Columbia Code, amended June 30, 1902, and Au- gust’ 18, 1911. ASSPTS. Cash in office . Cash in bank Heal estate morigages jen) . Stocks Premiums uncollected and in hands of agents.. Interest due and accrued. Total assets { _ LIABILITIES. Net unpaid claims. Reserve as required by law rents, taxes,” ete. . Commissions, brokerage, e Cash divideads remalaisg ua- Surpias Total liabilities Character of bus ing the year 1920—Fire and automobile. Amount” of “risk assumed during the year 1920....§35,084,62.00 Losses sustained during the year 1920 . 11230492 Money received during the year 1920 .. 377,458.48 Expended during the 1920 204.400.58 HE] N, Pres ROBERT A. BARBOUR, Secretary. Subscribed and sworn to before me this 11th day of February, 1921. (Seal.) *'CHARLES . imagER, otary = My commission expires Augnst 27, 1926. STATEMENT OF THE CONDITION Of the MERRIMACK MUTUAL FIRE INSUR- ANCE COMPANY OF AND- OVER, i On the 31st day of December, 1920, as required under the District of Columbia Code, amended June 30, 1902, and Au- gust’ 18, 1911 ABSETS. Cash in office .. sh in bank .ol Real estato .. Real estate mortgages (Grst lien) Stocl value) 105,402.00 Pmm.l ts. 57,596.75 Interest muu:ud 5,943.78 “All of aseet 102.750.00 Due relnsirancs on ioans paid 124338 ‘War saving certificates. 00 Total assets . LIABILITIES. Net unpaid claime... $24,192.30 Teserve as required by Taw.. 385,024.40 Balaries ts, ta: 11,500.00 5.423.31 765.42 $430,805.43 isiness transacted during the year 1920_Fire and tniand marine. 1820 . 141,820.99 -Ex nfla?. Gee f 305,511.95 BURTON 8. FLAGG, President. FREDERIC 8. MOORE, Secretary. Subscribed and sworn to before me this 14t A 3 (Beaty o N 'ROGERS. * Notary Public. 3 STATEMENT OF THE CONDITION 0 FEDERAL COMPANY OF BALTIMORE CITY, MD. On the 31st day of December. 1920, required under the District of Columbia Code, amended June 30, 1902, and Au- gust 18, 1911. Cash in office. . 53684 Cash in bank . o 8234 Stocks and bonds (market value) .......... . 119,579.60 Premiums "uncoilected and in hands of agents . 1830098 Interest dve and sccrued...... 1,855.57 Total assets ..... -$140,225.38 LIABILITIES. Net unpaid claims . . $.44670 Reserve as required by law... 40.8T247 Borrowed money . © 40.000.00 Re-insurance premiums o 12708 Balaries, rents, expenses, 220,80 taxes, etc. . ‘Total liabilities $58 810.80 Cbaracter of business transacted dus ing the year 1920—Mutual fire insurance, Amount ‘of risk in force De- cember 31, 1920.. -$6,133,388.00 Losses sustained during the 5 48,072.15 1920 120 128.043.79 CHARLES GOLDSBOROUGH, President. THOS. C. GROVE, Secretary. Subscribed and sworn to before me this 28rd day of February, 1921. (Sesl.) BLIZABETH RICHARDSON, Notary Public. STATEMENT OF THE CONDITI of the FITCHBURG MUTUAL FIRE INSUR- ANCE COMPANY OF FITCH- BURG, MASS. On the 31st day of December. 1920, as uired under the District of Columbia Code, amended June 30, 1902, and Au- gust' 18, 1911 Cash iIn office. Cash in bank Real estate . Stocks _and ne) Premium: hands $205.75 54.443.34 54.000.00 agenta. Interest due and accroed. All other assets. Total assets .. - LIABILITIES. Net unpaid claims ..... Reserve as required by Iaw. Salaries, rents, expenses, taxes. ete. ... - 10.800.00 ommissions, brokerage, etc 3.000.06. Cash dividends remaining un- paid .. eosssss ZTBTET Total liabilities : Character of business {ransacted dur- ing the year 1920—Fire and inland ma- rine risks. Losses sustained during yeur 1920 y. Subscribed and sworn to before m: 11th day of February, 1921. (Seal.) ~ WILLIAM A. ROBBINS, Public. Notary My commission expires August 21, 1925. STATEMENT OF THE CONDITION of the MUTUAL FIRE INSURANCE COMPANY OF MONTGOMERY COUNTY, MD. On the 31st day of December, 192 required under the District of Columbia Code, amended June 30, 1902, and Au- gust 18, 1911 : ASSETS. Cash in office .. Cash in bank . 10.656.65 Real estate. - 7,000.00 Stocks and (market value) ...... - 452,677.00 Premiuma uncollected and in hands of sgents Interest due and accrued Total assets LIABILITIES, Net unpaid claims ... $3,515.00 Unearsed premiums . 2,000.12 Salarles, rents, expenses, taxes, ete. ... . 500.00 Surplos regards policy- holders .. 470,987.08 Total lisbilities L ATT.042.15 Character of business transscted dur- ing the year 1920—Fire and lightaing in- surance on the mutual plan. Amount of risk sssumed during the n-‘r 1820. . . .$25,200,270.50 Losses sustained during the year 1820 . 59,890.70 130,383.87 111,078.66 E. P. THOMAS, t. ALLAN FARQUHAR, Secretary. Subscribed and affirmed before of February, 28rd 3 7 (Seal. F. D." LEIAEAR, Notary Publie. Money received during the Jear 1920 Expended during the year oo, Lo this LTI Illllll?llllllllll“llll““lllflillllll nn STATEMENT OF THE CONDETION of the PAWTUCKET MUTUAL FIRE INSUR- ANCE COMPANY OF PAW- TUCKET, 3 On the 31st day of December. 1920, as required under the District of Columb 30, 1902, and Code, amended June gust 18, 1911 £50.00 20,581 39 14.640.00 (Birst 17.700.00 657,425.80 Commissions, brokerage, etc.. Cash dividends remaining un- P .. 631886 Al other iiabilitles—Unearned interest on mortgages...... 47.83 . Amount of risk assumed during the year 1920.....$32,329,228.00 Losses sustained during the - 126,000.52 420,206.14 . 3847751 N t. URUAL MANN, FRANK BISHOP, Secretary. Subscribed and sworn to before me this 15th day of February, 1921. EARLL (Beal.) R, 'HORTON Notary Public. My commission expires June 30, 1923, [ Harriman & Co. | New York Stock Exchange Washington Office COLORADO BUILDING N A sav- ; E |