Evening Star Newspaper, March 21, 1922, Page 23

FINANCIAL. —_— PITTSBURGH REPORTS GROWTH IN INDUSTRIES OF DISTRICT Production Expanding ax'ul Prices of Many Manufactured Articles Hirden—Spring 4 Goods Move Freély. BY H. B. LAUFMAN., Special Correspondent of The Star, PIT 1. March 21.—Growth is apparent in every direction among the industries of this district. Pro- duction_is expanding” and prices of many manufactured articles show a tendency to harden. Retall sales are about as numerous as they were a vear ago, but the total in money val- ue of goods sold is smaller. Buyers are conservative and prices arc-low- er. Business, however, is muth bet- ter than was anticipated at the turn of the year. Spring goods are mov- ing freely and the shelves are being cleared of winter goods by means of marked down sales. Practically all the steel plants have increased their production and _in some individual cases, operations run up to 90 per cent of capacity, al- though the average is probably about a third lower. Several lines show & tendency toward advance in prices and buyers are rushing in to place orders before the increases occur. I'roduction of steel this week in this district will be larger than for any similar period this vear. The spring automobile show here has progressed far enough to nml-! cate there will be a liberal demand or cars this year. Sales are propor- | tionately as numerous in high-priced s in the low-priced cars. Good Spring Trade Signs Reported in Northwest BY E. D. JENCKES. Speeial Correspondent of The Star. ST. PAUL, Minn., March 21.—Spring trade prospects in the northwest are %ood despite slight recessions in the prices of agricultural products. Twin City wholesalers, jobbers and manu~ facturers are noticeably optimistic r the outlook. Evidence of the inCreased buying power of the farmer, on which business here largely de- pends, is noted in the machinery trade. Dealers report a general re- newal of farm implement sales in the country districts. The approach of spring with soil conditions favorable nd opportunity to turn reserve crops into cash in a greatly improved mar- ket has changed the farmers' entire outlook. The home building program has been curtailed a trifle by increased prices of materials. The latter, how- ever, are far below the peak. and con- traciqrs still expect a record year in the construction busipess. Contracts warded for such work in February were 60 per cent in excess of thosc let in January. and this inecrease is being maintained. Wholesale dry goods merchants here report heavy shipments of spring_merchandise to country deal- ers. The volume of trade is well ahead of 1920. Groceries and con- fectionery are very active and drugs and chemicals are in fair demand. Millinery sales compare favorably with those of last year. Clothing Business Shows Larger Volume of Trade BY JAMES ALLERTON. Special Correspondent of The Star. MEW YORK, March 21.—The new spring suit has become a dominant rroblem in the minds of both men nd women and as a result business bo(h; in the clothing trades here. wholesale and retail, is showing im- provement. The demand for textile: in the plece, however, is slack. Wcol- ¢n and worsted manufacturers of this district are talking_of curtail- ment of production. Despite the curtailment in the cotton mills of New England, however, the demand for cotton goods here does not seem to have improved. Raw silks are zenerally easier In price and the market for finished products is im- proving slowly but steadily, but manufacturers here are holding pro- duction far below capacity. 7 Building operations are increas- ing by leaps and bounds. Building matertals are being rushed in and construction is being pressed for- ward briskly. This has produced a decided betterment in demand for iron and steel products. Machine shops in this section are more tive and the metal trades are show ing improvement. Rubber has touched an extremely ‘aw price in this market, but it is be wieved that improvement will follow ny serions buying by the rubber and tire manufacturers. Prices of both home and office furniture have been reduced, and an excellent demand has been made mapifest in those lines in consequence. Notes of Commodities In the Various°Centers Shoes. LYNN, Mass., March,21 (Special). —The union shoe workers here have met a proposal by manufacturers for u 20 per cent wage cut and an in- crease in the working day to fifty hours a week, with a compromise offer of 10 per cent cut and a five- and-one-half-day wcek. Employers re expected to reject this proposal. hey declare that failure of work- ors to accept a wage scale, which would allow manufacturers a profit has kept 15,000 persons out of work here this winter. { | Prunes. SAN _FRANCISCO, March 21 (Spe- clal).—The California Prune Growers® Association is apparently holding back, ag the marlet is nearly bare and 'demand trong in both the, cast and > ATLANTA, March 21 (Special).— Fresh yard eges reached 2 new low price (his week when they touched 25¢ a dozen. 21 mber. NEW_ORLEANS, March 21 (S clal).—Southwestern railroads have ; decided to make freight rate reduc- tions on southern vellow pine from producing territory to points in 1llinefs, Wisconsin and Indiana simi- jar to the reduction put into effect Iast week by the southeastern railroads PITTSBURGH, March 21 (Special). —Reflecting the expansion in build- | ing operations, wholsale lumber sales ! have reached the _larges:i volumw | =ince last summer. Buyers are care. ful and show an inclination to mar- ket, and in some instances business| that is usually placed here is going | to other places, especially Cincinnati. Hardwoods are holding up well with demand fair. Conl. DUBOISE, Pa., March 21 (Special).— With a strike of miners in prospect, niines in the central Pennsylvania fields are eperating practically in full. Production is larger than at any pre- vious time In over sixteen months. Railroads and other consumers are storing coal. NTOWN, Pa., March 21 (Spe- cial).—H. C. Frick Coke Company’'s ccke operations are on & basis of 37 per cent of capacity, with coal output on a 65 per cent basis. Independents e producing coke at the rate of 68 per cent and coal at 37 per cent. It is reported that the Frick company | avill fire additional ovens afd enlarge coal production. Steel. FARREL, Pa., March 21 (Sreohl)- —Orders have been received to pre- pare cight open-hearth furnaces of the Cernegie Steel Company for Te- sumption. The plant was closed a year ago. Six more hot mills of. the Amerfcan Sheet and Tin Plaie Coni- j three months. ’ improved business. pany resumed this week. The re- sumption of the open-hearth furnaces wiil bo the most important industrial movement In this district for a long me. PITTSBURGH, March 21 Busic pig iron i~ up 25 cents ley. Foundvry is steady at § ecial.)— $18, val- , vailey. Hides, CHICAGO, March 21 (Special).— Calf skins have moved up in price on the market here and sheep skins ; are in steady demand. prices have not advanced. Sheep skin Nuts. NEW YORK. March 21 (Special) New stock Brazilian nuts are arriv ing here in increasing quantities. but brying so far has been light. Some trading has been rccorded in walnuts, with stocks low and prices strongly maintained. oiL GALVESTON, Tex., March 21 (Spe- cial).—The exportation of 200,000,000 'y 1 is given as the reason for the nd rising tendency of the sale oil market. hipments have been made to the France. Copper. LONDON, March 21 (Special).—Gen- uine consuming demand for copper has not broadened in this country. Few factors appear in evidence here which would seem to justify any im- mediate advance in price. Wool. BOSTON, March 21 (Special).—The ‘Wwoolen and worsted industry has slowed down noticeably In the last Although manufac. turers allowed for only a narrow mar- gin _of profit and based prices of goods on wool values far below the present market. cloth buyers have been very cautious and have rot pl ed enough business to maintain man- ufacturing operations at their recent maximum, Glass. PITTSBURGH, Pa., March 21 (Spe- cial).—The National Association of Manufacturers of Pressed and Blown Glassware aud the American Flint Glass Workers' Union have agreed to suspend the “suminer stop” this year. Action was based on the prospect of CHARLESTON, W. Va, March 21 (Special).—The inquiry for cotton Glass Company will spend $200,000 on plant extensions and improvements. Cottons. AIANCHE:! (Special). inuiry for _cotton goods from China has fallen off again. although the situation in India seems slowly improving. Business Topies. PITTSBURGH, March 21 (Special). —Business in job printing lines is ir- regular. Some plants are still han capped by strikes and their outputs are small, while others without labor troubles are overworked. Writing pa- per shows decided improvement. Act- ing on the belief that wrapping paper prices are at or near bottom, buyers are more liberal in placing orders. FORT WORTH, March 21 (Special). —Tke total amount of checks cashed by the clearing house banks of thir- teen cities in this federal reserve dis- trict_since January 1 has fallen off $72,050,000 from the figures of the cor- responding period last year. T, LOUIS, March 21 (Special).— The National Bureau of Casualty and Surety Underwriters has authorized a decrease of 25 per cent in automobile property damage insurance. FIRM WITH MILLIONS GOES T0 RECEIVERS Court’s Action on Equity Bill Filed Against Island Oil Corporation. NEW YORK, March 21.—Federal re- ceivers have been appointed for the Island Oil and Transport Corporation, with properties valued at millions of dollars. The receivership was announced with the filing of a bill of equity on behalf of the Antillian Corporation, a Delaware concern, with fts principal offices in Dover. Lack of ready cash and the dif- ficulty of obtaining loans are given as the reason for the firm's collapse. The bill was signed by George Grace, pres- ident of the Antillian Corporation. Tederal Judge Knox named H. Snow- den Marshall and Arthur J. Stevens re- ceivers in equity after a suit had been instituted by tae Antillian Corporation. 1921 Profits in OIL The defendant’s profits in ofl for 1921 were said to have amounted to $7,000,- 000, and its indebtedness today was piaced at a'little more than $5,000,000. Lack of ready cash was said to have made an equity receivership necessary. The Island Oil and Transport Cor- poration, a 330,000,000 concern, is in- corporated under- the laws of Vir- ginia, although the bill in equity sets forth that its principal assets are in New York. The company Is a hold- ing corporation for several subsidi- aries organized for the development of ‘oil properties in Mexico. Present holdings through these subsidiaries are said to approximate 70,000 acres of oil land. 1n addition to this the company owns fifty-six miles of pipe line and pumping stations connect- ing the oil properties with its sea- port terminals, at Palo Blanco, Mex- wco. * These, and other properties, accord- to ‘the bill, were valued at $33,- 31 November 30, 1921. Cash on hand at the present time amounts to $268,632, while notes and accounts re-| ceivable total $1,716,206. Liabilities, exclusive of capital stock, are given as $2.528,500 in § per cent gold notes due June 15, 1926, and current lia- bilities of $2,426,125. Sundry reserves | are given as $5,966,752,. bringing the total liabilities to $13,634.818. In claiming that the defendant cor- poration is without facilities to ob- tain ready cash to meet its obliga- tions as they mature, the bill declares that many claims are overdue and are being pressed. The petitioning creditor, claiming $61,962.42 for money loaned, asks that an injunc- tion issue restraining all - creditors from bringing suit or “otherwise in- terfering with the orderly conduct of defendant’s affairs by the receivers.” A statement issued by Francis L. Kohlman, attorney for the plaintiff, sald the liabilities were approxi- mately $5,000,000, which the assets exceeded “by a large margin.” The company, he said, is belicved to be entirely solvent. !” LIBERTY POND PRICES : FOR $50.00 BONDS Int 436% ... 2nd 4%6% -. Srd 4% % - 4th 494 % Vie. 4%% - We are Paying More for Vio. €% % than > the U, 8. Treasury An nn-l.-.nfu- Bought at Abeve Prices. LIBERTY BOND EXCHANGE 804 14 St N.W. Main 2997 The bulk of | gland. March 211 THE EVENING Washington Stock Exchange Washington Gas 7156—8$1,000 at 104%. ‘Washington Rallway a Electric_45—81,000 at 68%, $1,000 at. 68%, $1,000 at U8%, 81, 683, $1,000 at 68%. ! Potomac ' Electric cons. 5s—$1,000 at 92, £1,000 at 918, $1.000 at 918, $1.000 at 91% o ae 68l $L,000 at 923 at g2 pital Traction—10 at 93%, 23 at 93. ‘Washinglon Gas Light—1 lvl..mh. 2 at G0%. Continental Trust Co.—10 at 90, 10 3t 9014, 10 at 00%, 10,at 90, Lianston Mouotype—20 at 81. AFTER CALL. hington Gas Light—3 at 301, 5 at 30%. 10 at 507, 10 at 50%, 25 at 51, 20 at nd Electric 4s—$1,000 way and Eleetric pfd. (4—$1,000 at 09! $1,000 at 99! ‘{‘1, $6.000 at $9 Money—( BONDS. Bid and Asked Prices. PUBLIC UTILITY. Awerlean Tel. and Telga. 4s. ' d Telga. 4163 etl. tr. Telephone. Tel. of Vi al Traction R. City and Subuchan 5 Georgetown Gax st Netropolitan 1. 1. 53 cons. deb, Us. Power g m. Elec. Pow.\ g . ref. Alex. aia e, Ver STAR, WASHINGTON, D. €. TUESDAY, REPORT oru'ml Wlnm NORTH CAPITOL REPORT OF THE CONDITION OL | SEVENTH STREE1 SAVINGS BANK. ‘| _SAVINGS BANK, At Washington, in At Washington, in the District of Columbls, at he clase of Dustgon thicrf SoLambits 8| T ine close of busineas Marh 10, 1922. RESO RESOURGES. 1. aLoans and .fl..“f"' discounts, inclnd- 1. aTorws snd ing "red counts, In:‘l'ndlnl- off other bamks, asa Zoreien rediscounts, ac; bills of exchange or drafts, ceprancis of %01d with indorsement of this > nks, ane bank (ex t those shown oreign _bilis of 1a'b and o) $817,520.80. exchange or 2. Overdratts, secu 1. § dratts, sold with unsecured, $12.24 4300 indorsement ~ of 4.U. 8. gorernment tuia bankc_ (ex- ownea T et 43,016.85 cept those shown 8. Other bonds, " stock 3 in'b and &) . u;’-u., sl 232,391.68 Pl e g house, " $43, 78501 Qrenirates “'“n_‘.}:gl Shgasyre and " fixtures, a7,672.04 g 10. Cash 4 tdve ° i 4738704 Trom nutionsl panber.ns.. 10181228 . Other ~borids, 12. Exchanges for clearlng liouse. . 1278479 iew, eic. Jo... - 338,431.88 Total of items 9, 10, 11. 12 6. Banking house, $17,108.57: fur: and 13 1i4,547.07 niturs and fixtures, $8,960.95 26,092.22 | 14. Checks oo ated out- . 7. Re;‘n:g;“h fiul'“ull other thao “mw side of city or town of re- 16\ Cash in vault and amount due 1 ?&'.E:‘ baak and other ‘cas ~ ot .;'; ems D, 16"11‘,"& ik Botal 180 LIABILITIES 14. Chiecks oa out- 3 rting bank and other cas % ap | 18: Unditided” profi i9,287.0¢ fiems = sikaol™® O it ol 00 ¥1,016,051.28 Bd Cixes puia. 10,504.08 £ LIABILITIES. 23. Cprtin 7. Capital stock 1ad in. 000001 53 CEChery Enceis “outatandi 18. Surplus fund ... 10,000.00 (other than 10, Undivided pronis.. " $24165 44 bank _de, (Deposits Keserved for in- terest and taxes pos| payable within 30 daye) . Individual deposits subject to acerued .. check . s .. 023,831.04 5 = Certificates’ of ‘deponit duc_in i 016,16 Iess than 30 days (other than cLess current ex- for mongy borrowed). 7,600.00 penses, interest Dividends unpaid 70.50 and ta¥es pai 3.500.08 Time’ deposits (pavabie " ariet e , bject to 30 . Certified checks outstanding. $"0F mors Cashier's checks ou‘ll(.ndln . :;lll nlrl'rl::.:: O E . c::;lnu‘m of fl!p;lt (other 50,073.28 and 240 an_for money borrowed). 3. eman xf““’f".fl"ho . Other time deposits.. 613,061.48 within = ETGaL s <eesoe...$1,300,667.31 l District of Columbia. City of Washington, ss.: ek - I, JOHN "D. HOWAKD, treasurer of thie - Dividends, above'named bank, solemniy swear that the 101 dej eyl oepent above statement is true to the best of my MARCH 21, 192 2. REPORT OF THE CONDITION CONTINENTAL TRUST COMPANY, A% Washington, in the District of Colnmbia, at the close of business March 10, 1921. Overdratts, - secured, unsecured, $179.85, B. povernment securities &. Otaer bonds, tles, etc.... 8. Leasehold, " 3i: . m"ln and fixtures, Reserve collec- Te- Bank in process of tion (not" avallable serve| = 10. Cash in vault and amount due from national banl 5 11. Amount due from state banks, bankers and trust companies in the United States (other hap included n items 8, 9 25,843.98 +.$264,400.12 located ot side of city or town of re. porting bank and other cash items . 16. Other asiets. 'if any Customers liability on letters of ecredit.. wee Accrued {nterest on liberty bonds .. . Automobile ac- count ., 2 6,089.45 1,150.00 7.228.72 2,298.94 .$3,888,257.08 LIABILITIES. Capital stock paid in. . Surplus Tn cLess current ex- penses, interest and tazes ppid.... 18,922.15 10,150.19 39,286.33 Amount due to national banks. . Amount due to state banks, bankers and trust companies in the United States and for- elgn countries (other than inciuded in items 21 or 22), 241,561.84 23, Certified checks outstanding... 127916 Cashfer’s checks outstanding.. —59.426.19 Total of items 20, knowledge and belief. 21, 22, 27 and 24.5341,533.52 items | J#D. HOWARD, Treasurer. Demand” deposits (other thian ! o S0 Subscribed and sworn to before me this 20th bank _deposits). (Deposits tme deposity (pizabl - | dax of March, 1022 4, g Able within 30 dare): days' or more notice) and ' (Seal) B P g_gxsflll"ldb“c. 25. Individunl deposits luhml“? 1,135,186.52 ‘kw-l-l savings: Correct—Attest: 28. of deposit due in H 3 l';lflmtm of deposit (other Bomerset R. Waters, John A. Bchaefer, less than 30 days (other than = i Orian for: money boerolred) 0,810.00 | August H. Plugge, = John K. Wright. for money borrowed). . 2076174 I - :lr :fmle‘mitr:;:'w:-m 480,469.47 fimn’y 5:\;{:;..:, .lvlonn rj V"'eyrkn, 5'% m’vmqng: unsll:é.. i 413.00 al of enry G. Wergling, Heary J. Ruppert. . Other demand deposits (6du- 2 Federal 31, 82, 33 and 34.$402,270.47 Alex” 1. PIiE W, Thompson Burch, ciary _funds) . 1932152 lunmy 7 T oieoeieg| Joseph B. Thomas, Patrick Shugrue, Total of demand deposits (oth- javeey - fl‘:&-‘“l i Michael Hanlon,” Rodger *ianlon, o7 o than - bank depositn), 1, THEODOKE MiCHAE ldent ot th Oticnberg,” - W GEeeR: Heme o 2 o Rtiges {63" | above-named bank, do Do the | - Ottenberz. Directhie; L BB (R | et gton 200 |ghove statement s true to the best of my 2 daye, or subject to 30 nowledge an . = ST COMPAN X THEODORE MICHAEL, President. REPORT OF THE CONDITION I s Ameiean Security and Trust 'Y‘:M dl!ynl;erm Jnd eworn to before me thls 18th ITM' ‘ihe 31, Certificates of deposit (other Continental Trust . 2, ) : i National Suviuge aid Trust (eal.) " CHAULES W. FLOECKHER. INTERNATIONAL 10 (QHAD Jormaney, portumed)=-- 531380, nion Trust . Notary . ol H 1 Wi " > 34. Posta! savings deposits. - 11,200.1 { Waslingion” £433° G S roione B AEE EXCHANGE BANK |* mw'of iime deposite, ffeins | Commerce anu5a' EDWARD E_JORNSTONE, | At Washington, fa the Diswlct of Columbls, &t 35, Diow vatene (ncisdiog sil obe ! Ka: ‘Washington o. P DONOHOE, e close of business March 10, 1922, ligationa representing money { Mere SHARLES W S1OKCKHER, borrowed other than redis: Security §: GEORGE CLAGETT, counts) ... . 660,000.00 § Seventh _Street E 8. ‘BUBGESS, ;L 13. Lisbilities otiler than those Talon Savings L irectors. e above stated: 3 U. 8. Savings - o ot e aces Lisbility on letters of credit.. 1.130.00 3 x . #nd (W askiugton-5iLs STATEMENT OF THE CONDITION foreign bills of ex- ety onds sald o v 1,200.42 | srvrvesanr pmmie cowranr or old ek tadprac: Tiicomme SR fedlice H NEW YORK CITY. NEW YORK, . ment of this_bauk 888,251 On the 3ist day of December, 1021, a8 re- ~{#xcept those Uiy of Washineton. s quired under ‘the Distrief of Columbia and o). B rA Lo NORRIS, treasuter of the above: Lode, amexded; June ‘30,1902, Total 1 named lank. solemuly swear that the mbove SUEEIB VL Pl e o statement is true to the hest of my knowledge " secured, {and elief. EPPA L. NORRIS, Treasurer. Other bond Subseribed and ®worn o before me this 18th v 6 tes, etc. . 00,315.22 | day of March, 1922 | = Columbia G . Banking - houn i (Seal) ALESANDER R. VARELA. { Merchantar ture and fixtures,’ $16,255.88. 71,235.88 | . s Ketsty Prbite. | r Tanotyoe . Cash in vault and awount due [ComectTAtinat: RTER/ W WARDEN, 1 018 “Dutels Market cor Real estate mortgages (Arst lien) ifrom national banka Lo 51,179.6 A o N, Famslog Momstps - hands of agents.... Ing bank (other thau item 2,502.16 Dirseloc: shington Market *Ex-dividend. RELIEVED FROM DUTY. Lieut. Col. Oliver F. Snyder, United States Army, retired, has beerf re- lieved from duty with the national board for the promotion of rifie prac- tice and will proceced to his home. REPORT OF THE CONDITION WOODRIDGE-LANG- DON SAVINGS & COMMERCIAL BANK, At Washiogton, in the District of Columbia, at the close of business March 10, 192 RESOURCES. 1. a Loans and discounts, including_rediscount acceptances of ot banks, and foreigu bills of exchange or drafts, sold with in- dorsement of _this bank (escept those shown in b and c)..$19.855.46 ..$19,855.46 . I Total len government secui cstate owned other tian banking_house . §10. Cash in vault and amount due from national banks. Z 13. Checks on_other banks in the same city or town as report- ing bank (other than tem 12) Total of Ytems 9, 10, 11, 12 +$26,675.08 Expense Tellerence Total LIABILITIES. Capital stock paid in. 18. Surplus fund . 21. Amount due to national banks. Total of items 20, 21, 23 and '$7,386.91 Demand deposits (other than bank deposits). _(Deposits payable within 30 days) {25, Individual deposits subject to { check Total of than bank deposits] 26, 27, 28, 20 and 30 $30.958.19 Time deposita (payabie after 30 days, or subject to 30 da. or ‘more notice) and postal ' savings: 31. Certificates of deposit _(other than for money borrowed). 33. Other time deposits Totsl ¢f time_ déy i i B president of the sbove- named bank, solemnly swear that the above statement s’ true to the best of my knowledge and belief. P. P. CLARK, President. Subscribed and sworn' to before me this 20th day_of Mareil, 1922. {(Seal.) ‘WM. 8. TORBERT, Notary Public. Correct—Attest: Frank M. Hatley, ‘Wilfred B. Putman, . 0. Bull, Chester R. Smith, = | John L. Knopp, H Jas. P. Benfer, Behuyler 8. Symons, T Chirectors: Argentine Government 5% Gold Loan of 1909 Due 1945 Cumulative Siaking Fand sufficient tire issue by maturity. Prineipal and interest payable in U. S, dellars, or pounds sterling at fixed rates of exchange. (£20 denominations) 6.50% The National City ‘Washington—741 15th St. N. Telephone—Main 3176 & Interest due 10. 11. AlL other assets Total of items 9, and 13 . . 7...853.682.05 . Checks on ‘banks ivcazed outside of city or town of report baok and other cash item: Due from foreign Other assets Total asséts year 1921—Fire, motor vehicles, torn ? Storms and cycloues, rlot, ciil commotion dnd explosion. Amount of risk assumed during isetan $= ln"‘e year ‘Xft‘d ! A snes s i 1621 1,108.%00.42 payal Money rear 3 25. Individual 1921 T 1zeimiessi Ucheck . Expended durl ear 1921. 1,859,440.32| 30. Other demand depesits. ing "the e GARrHWAITE, Vice President. Total cf demand ceposits (oiher GEORGE A. DILTS, Asst. Secretary, than bank _deposits), Itews Subscribed and sworn to before me thil 7th 25, 26, 27, 28, 20 and day_of March, 1922. 30 $76.178.90 (Seal.) C._C. SCHMELE, Time deposits (pavable after 30 Notory Public, New ~York county.' Bromx days, or subject to 30 daya county clerk’s No. 165, New York eomnty or wore notice) and posial REPORT OF THE CONDITION BANKING TRUST & MORTGAGE CO. FR et (Totalecst { At Washington, n the District of Calumbia, at aiaries, reats, aetiiras. the close of business March 10. 1022, Capital stock - Capital stock paid in e ! Surplus fand ©o-. a0 Total liabilities CTndividea Charncter of business transacted profits accept- other Wils of exchange or drafts, sold _wi indorsement of this bank (escept those 2 shown in b and c).§151.318 Total Tloans. Overlrafts. sec: unsecared, $2; U. B. government wecurities owned (par value, $4.300).. Banking furniture and fixtures. house. $14,125.46; lease- hold, $15,229 . Seesios . Cash in.vault and amount due ‘s No. 1007. Commission expires Ma: aving fifll&-’-‘-o Rk e 81. Certifica cf deposit (other from maticcal enka. i e money Tborrowed) . 3.500.00 | 11 Amount due from state Lanks, 33. Other time deposits 98,4004 bankers and trust companies Total of time deposits, items 31. 32, 33 and 34......5102,240.04 43. Liabilities other than those abore stated— Accounts payable Due postal savi Otter labilities’ Total . District of Colum| 1, FRANK J. the’abore R above statement s truc to the owledge and_belief. FRANK J. KAUFMANN, Jr., Cashier. Subscribed and sworn {o before me this 20tk of March, 1922. b THEODORE 8. MASON, -Finance Your Plans Through the y 3 3 (Seal) . Lincoln National {{| >~ , = o Bt * . 3. Schiavone. John Yacearo, M. H. P rl, Samuel J. Steinberger, . _Prospe! Frank J. Kaufmano,jr. T. A. Gulli, A. C. Machler, Samuel B. Welnstein, 8. M. Selinger, Ferdinand B, McGlvern || Aifonso Tana, Franels L. Neubeck, | Lawrence Directors. ‘We will gladly make you a loan on approved collateral or endorsement whether you . are a depositor here or mot. -LINCOLN National Bank 7th'& D Streets N.W. EQUITABLE Co-Operative Building Association - Organised 1879 424 YEAR COMPLETED Assets Surplus BRIGHTEN YOUR FUTURE —by saving a little each pay day, you will soon amass a creditable account for future Pprotection. Subscriptions for the 82d Issue of Stock Being Recelved Shares, $2.50 Per Month 4 Per Cenmt Imterest ternational Buildi FORMERLY INTERSTATE _BLDB. 1319-1321 F St. N.W. A Few Very Desirable Offices Leit g Reasonable Rents - McKeever & Goss Rental 1405 Eye St. "Ma EQUITABLE BUILDING 915 F St. NW. JOHN JOY EDSON, Presideat FRANK P. REESIDE. Seey. Main 4762’ Sfia.nnon :& Luchs i . First Trusts ‘On Washington, D C,, Real Estate - An Investment —that frees you froth worry as to safety, annoyance as to collections or other details,.and the necessity of follow-up of stock market or business ‘conditions. in the United States than included in items or 10) . Exchanges g Checks on_other banks in same city or town @s Teport- ihg bank (other than item Othier assets 5 Total (other S, 9 Capital stock pa Surplus fuod . Undivided protits bankers and trust companies in the United States and for- eign _countries (other than included in items 21 or 22). CGertified checks outstanding. Casiiier’s - checks _outstanding. Total of ltems 20, 21. 22, pad 24 . mand depos! bank deposits). payable withio 30 days] Individual deposita subject to check T“l‘l:l &nl depdits). an 5 = Y n, 28, 19.16 6218115 3. .. 120,280.98 deposits (other items and 30 ,280. Time deposits (payable after 30 days, or subject to 30 dave or_hore sotice) and postal savi . Cortleates of deposit (other than for mouey borrowed) Other time deposits Total of time 2, 83 and 34. Total o $309,350.90 District of Columbia, City of Washington. ss. 1, WM. H. KYLE, secretary and assistal | treasarer of ‘the_above-named baok, -solemnly | swear that the above stntement is true 10 the ledge belief. best of my Knomledge axC3pieh pyrp, tary and Assistant Treasurct. Sabscrived ang sworn G0 before me this 16th 1922 NICA T. HYLAND. VERON s Public, D. C. Peter A. Radill, & Givonn F. H._Edward R. H. MeNelll Directors. ' STATEMENT OF THE CONDITION Of the LENS FALLS INSURANCE COMPANY OF LN e FALL, NEW Pobe. of December, 1921, 2s re- ‘the District of Columbia amendeg Juse 30, 1902, and Au- ‘ul:' 18, 1911, apital stock .. ‘apital stock paid up in $1.000,000.00 1,000,000.00 %) lien) .. Stocks and bonds (market vl l’r?mnld-m ‘nmllleeled and of agents..... | Tntereut due and sccrued All otlier assets . Total assets . LTABILITIES. Net unpaid claims. Reserve as required Rorrowed oe) in Capital stock . Phig ‘other liabilities. FINANCIAL. “To the” “Conservative Investors” In the m ars of our fnvesting not 'a client bap ever lost aa much an 2 Single pemny ia either. principal or et 3 "Snch 18 the protection, service and attention given our investors in 17 First Mortgage Notes The only absolutely safe form of se- guritles Fielding the mazimum rate of interest. Nomfmm:l;%flnpto NOW ON HAND. Chas. D. Sager 923 Fifteenth St. N.W. ZLoan Dept.—Main 38. Money to Loan Secnred by first deed of trust on real esia Prevalling interest aud_commission. JQSM’L@EE 420 Wash. L. & Trust David F. McConnaughey Unlimited Toss Tor Fio Losns on Washington Real Estate Nias - BIRD&CO. Stocks Bonds Foreign Bonds 821 15th Street (Opposite Shoreham) Direct private wire toOgden D. Budd & Co, New York —of 1ife—SAVE. If you want (established 1885). to keep away old man Hard Luck, SAVE. ($1.00 will start you.)’ 1336 Write for our market letter. Accounts Carried on Margin . Ave. i i —In Any Way to Confer —With Us About the —I m p ortant Subject of making your will. T Drawing wills is an attor- ney's business—where our services are of advantage is in carrying out testamentary trusts. € Let us point out to you the wisdom_of appointing a Cor- porate Frustce or Executor in your will. SAFE DEPOSIT BOXES AT VERY REASONABLE RENTALS National Savings & Trust Co. Oldest Savings Depository in Washington Cor. 15th and New York Ave. 56 Year Do You Buy Assured Income? “No matter who you are, or what you make, or sell or buy, you must buy or sell primarily, not the product itself. but the idea that the use of the product will make life richer, more agreeable. You don’t buy investments, you buy assured income.” Surely there is no security purchasable which car- ries a larger and more generous assurance than our First Mortgage Notes, secured by improved Washington real estate. There has been no failure of interest payment or principal in over half a century. | Swartzell, Rheem & Hensey Co. 727 15th Street. N.W. Washington, D. C. The Nation’s Home Town 52 Years Without Loss to an Investor Service facilities on New York Curb Exchange stocks Your wants can al- |-Information ways be supplied in gl;l‘:'fi"n'-“h“ sale” our Board ROOM,0Ver | 1 aeeqe market news the telephone, orby | Concise reportson specific mail. stocks . Price history of stocks—par g —Quick and accurate —capitalization—dividends execution of orders m;bwht greatest - Prompt deliveries Questions answered on trading Nearly 40% of new customers come from satisfied 0d customers £ Ask for booklet: *A Great Organization Bui: on Service” l‘omzs & BAker erabers New York Curb Market Direct Private Wires New York Chicago Boston Philadelphls Piraburgh Detrof: Baltimore Clevelsnd . FIRST MORTGAGES The Safest Investment on Earth. MR. INVESTOR: 2N ; The greatest bargain in the entire investment world is the thing often lcast considered—SAFETY. This truth is so obvious that its observance should be waiversal, vet investors constantly reach out for aw addi- tional point or-two in interest regardiess of the safety they have to sacrifice to get it. | Phillips’ First Morigage Notes are SAFE INVEST- MENTS. K. M. G. : £ : F A W. MORGAN, Notary Poblic, Choice First Mortgage Investments $100 $250 $500 L $1,000 Ask for Descriptive. Booklet “S,” It’s Free. - William S. Phillips. 3 First Mortgage Investments. 1409 New York Avenue LT TR T T LT LT ; : s Maid 98 e Ut