Evening Star Newspaper, May 13, 1922, Page 14

14 FINANCIATL.® / PROSPEROUS RETAIL TRADING . NOW UP TO GOOD SALESMANSHIP BY J. C. ROYLE. Bpecial Dispatch to The Star. NEW YORK. May 13.—Volume of retail trade all over the country Is mountinge’ with the thermometer. “Every bright warm day is bringing a swarm of customers to the stores. Merchants have found little difficulty in leading prospective customers to * their aisles and show cases, but it has Leen a different matter to make them buy. Whether or not more of them are from Missouri, they have to be shown, not only the goods, but quality, service and a reasonable price. Stlesmanship is more necessary in retail merchandising than it has been for many years. The day has gone by when mes- chants find it igpossible or profitable 10 tell progpective customers, ‘That is our price—take it or leave it They leavé it. The great body of buyers still is presenting an un- broken front im opposition to price advances. Basio commodities are up. Manufacturers cannot produce goods as cheaply as they could some months ago, but merchants and distributors | have not been able to advance retail prices correspondingly. Overhend Expenses Cut. In order ta keep their heads above water, manufacturers and distributors all_along the line have had to cut overhead expenses, and the fact that many are doing it successfully is one of the most encouraging indica- tions in the business outlook. Improved methods of production, Jowering of labor costs, Increased ef- ficiency of working forces, more eco- nomical distribution and better sales- manship are some of the means being employed to this end. But if these have not been ecffective they are pre- paring to cut overhead by consolida- tions and combination: Weekly Survey Shows General Foryvard Movement ip Businesg, But With_ Buyers Still Cautious. Minneapolis and St. Paul over Great jdictions of 20-cent cotton. Northern trac REGINA, Sask., May 13 (Special).— Provincial government in conjunction with federal department of immigra- tion is arranging to bring In con- tingents of farm laborers from Hol- land to reliéve labor ghortage on Saskatchewan far PITTSBURGH, May 13 (Special).— “Retail conditions and collections are improving.” declared W. B. McConnell, tion here. This seems to be con- sensus of opinion in retail circles. SWEEPING PRICE CHANGES FEATURE WEEK’S GRAIN CHICAGO. May 13. — Emergency rules permitting swift deliveries to fill May contracts for wheat have gone into effect here this week, but immense quantities tendered ~met with ready acceptance. Sweeping changes in prices resulted, notably on one oceagion a jump. of 73 cents a i bushel. Compared with a week ago, whent this morning was 1% to 5la ‘hlfl\or, corn down a shade to %, oats unchanged to % lower and pro- S 15 decline to in the wheat market was subordinate. to developments con- | cerning the May deli: With 30,- 000,000 bushels of grain in store here, a record amount, aud with a sharp difference of opinion existing as tv the proper value of whatever Wheat might be available for settlement of the current month's outstailding con- tracts here, board of trade directors decided to allow deliverieS to be made from wheat standing in cars on railroad tracks, although the usual method for delivery is only from warehouses. About “a_million and a quarter bushels from the cars was tendered instanter by traders who otherwise would perhaps have Mergers of commercial as well asibeen in a dilemma to fulfill their ob- industrial concerns are being serious- | ligations. 1y considered and some of these plans| are approaching completion. Foreign Trade Revives. New life, or rather new money, Is coming into the foreign trade of the United States again. For a long time Opponents however, were | found to be prepared, and instead of prices breaking, the market went skyward. On the other hand, later in the week a downward tendency in values was apparent, owing largely to reports of more wheat being bought to come here from the west, this country was in a good deal théiorthwest and southwest. o position of the only winner in & poker game who has captured all the money. Either the winner has to loan money to the other players or the game halts until they get morc money. Credits and trade balances now have swung in favor of some of the foreign countries, so that they once again are entering thg Ameri- can markets. i Unemployment is rapidly lessening and charitable and welfare organiza- tions, besieged a few months ago by applicatiors for assistance, are cul- ting down their forces and closing ‘their branches as the calls upon them grow less. It is estimated the number lot workers hunting jobs has de- creased one-third in the last®four months. The charts of the power com- panies offer conclusive evidence of the increase in Industrial activity. The curve of power consumption has been steadily upward and many companies are adding equipment and building new units to carry the load. Bullding Shows Increase. Building construction is proceeding at an increased pace, in spite of labor Jdisputes and wage controversies. Lum: ber mills are operating above normal capacity, but are unable to keep del ' eries abreast of orders. Cement, glass, paint, brick and steel plants all are busy. . Prices for raw wool continue to ad- ~vance, and many well informed dealers | Metropolit | predict, that they will increase untilyy poiomac Hiecirie they reach a point when it will pay to import forelgn wools. even with their present and prospective tariff re- strictions. Prices for woolen goods also are expected to advance, but not _in proportion to the jump in the raw staple. The raw cotton advance also has been well maintained, but both buy- ers and sellers of cotton goods have . held off to some extent, neither being willing to make commitments for the fature until conditions become more stable. % Coal Starts Upward. Coal has started to go up. The de- mand has not yet become acute, and reserves of fuel are holding out well, hut these réserves are gradually melt-; ing away, and dealers are warning do- mestic consumers that deliveries may be difficult if the check to production is maintained for an extended period. The coal strike has not served to half operations in thd iron and steel plants. but it has served to check Increase of production, although prices for steel products are advancing. Automobile manufacturers are ceas-; ing to worry about sales. They are beginning to worry about supplies of parts and_materials which will enable them to Keep up with sales. Commodity Reports From Various ‘Sections Rubber. ' LONDON, May 13 (Special).— Financicrs here declare rubbgr in- dustry, one of greatest assets of British Empire, is going to the dogs and are considering methods of bet- tering conditions. They declare in- dustry Is being destroved because rubber cannot be sold at prices above cost of production. Co-operation of British government is suggested. Gloves. ROCHESTER, N. Y., May 13 (Spe- cial).—Demand for silk gloves for men, which formerly was a factor in men’s ewear stores, ha% dwindled practically to nothi dealers here. They blame high prices for a falling off in business in leather hand coverings, which also has been apparent. Steel. s CHICAGO, May 13 (Special).—Rail- roads continue in the market for cars, track materials and rails. It is re- ported heré “Pennsy"” is preparing to buy 3,000 cars. X _ Clothing. - NEW ORLEANS, May 13 (Sgecial). —Improvement is noted in sales of g, according to| cellent progress of field work tended to ase down quotations of corrt and oats. Commission house selling weakened the lard market. Pork and ribs were higher with hogs. Washington Stock Exchange | Capital Traction—1 at 1 at 9713, 1 at 9 10 10 at 285, 2, 5 at 6%, 10 at 7 10 at 763, Mergénthales Linotype—18 at 156, 1 at 155%. 10 at 155%. v - AFTER_CALL. Metropolitan R. R. 55—S$1,000 at 7. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Bid. Asked. American Tel. 91 211y American Tel, 100 101 Am. Tel. and Tel. 957 967 Am. Tel. and Tel. conv. 6s 15 an Elects Potomac st cons. Potomac Electric deb. ec. 4 wy. and Elec. g. m. 6s. MISCELLANEOUS. Riggs Realty 5s (long). 92 Riggs Realty Gs (short). W. M. Cold Storage 5s. STOCKS. PUBLIC UTILITY. American Tel. - and" Telg: Capital Traction . Washington Gas 5315 orfolk and Wash. Steamboat.. 185 h. Rwy. and Elec. com 39 Wash, Rwy. and Elec. pfd ONAL BANK. 135 W Wash. 211 .. American_Security and. Trust Continental = SAVINGS BANK. Commerce and Saving East Washington . Security Savings National Union TITLE I Columbia Title . Real Estate Title MISC Columbia Graphophone com. Columbla Graphophone pfd D. C. Paper Mfg. Co... b Merchants’ Transfer and Storage 100 ii0 Mergenthaler Linotype 531 0ld Duteh Market com. 0ld_Dutch Market ptd. Lanston Monotype . Securlty Storage Washington Markdt FOREIGN EXCHANGE. (Quotations furnished by W. B, Hibbs & (o.) Selling checks—dollar values at'close today: 4.45 - London Budapest 13 Paris rague 043 Warsaw Brussel Berlin Copenha, Rome Christiania Madrid Stockholm Zurich Amsterdam . Athens Belgrade Vienna. Montreal By the Associated Press, NEW YORK, May 13.—Foreign ex- men's clothing. Retail business is|change steady. Great Britain, de- Jolding up well and jobbers report|mand, 4.443%; cables, {;M%: sixty- larger and more frequent orders as|day. bills uq”ba_mks, 4.42%. France, fear of damage from floods subsides. ] fi::’,‘:fi' D oncanlesy 29-613éelé§;"'{. Radio. 'demnnd:d 631 ;nlv)lt:s, A'x’.'l:m. Ger- x many, demand, .34%; cables, .34%. ATLANTA, May 13 (Special).—De-| Holland, demand, 35.60; cables, 38.| mand for radio telephone sets hag become so great In this territory that all sorts of stores are carrying these goods and competition is very sharp. Frait. ] PITTSBURGH, May 13 (Special).— . Within three days 723,000 quarts of strawberries have reached this mar. +iana, Alabama, Arkansas and Tennes. sce in large quantities. ' Dealers are using large display advertisemerts in daily newspapers to .move receipts, Twenty cents and lower per quart is price of choice berries at re . 5 Shoes. SEATTLE, May 13 (Special).—Re- tafl shoe dealers continue to complain of slow business. Dealers are buy- ing only on limited scale. Best-in- formed merchants declare public is still waliting for lower prices, al- though there is no hint from manu- facturers to justify this attitude. —_— Notes. KANSAS CITY, 'y 13 (Special).— Burlington Route has announced operatien of new through line from Jansas City to Sloux City, Jowa, via Omaha. Arrangements may be made, Norway, demand, 18.66. Sweden, de mand, 25.67.° Denmark, , demand, 21.27. Switzerland, demand, 19.26. Spain, demand, 15.55. Greece, de- mand, 4.16. FPoland, demand, ,02%. Czechoslovakla, dem: 1.93. " Azr- gentine, demand, 36.37. Brasil, de- mand, 14.00. Montreal, 98%. ; DIVIDENDS. - Btock of Pay- Record. able. International Cotton Mills, q. pte, $1.75. May 18 June 1 8. 0. of Ohio, q., $3 May 26 July 1 8. 0. of Ohlo, extra, $i..../May 26 July 1 —_——— NEW YORK BANK STATEMENT. YORK, May 13.—The actual condition of the clearing house banks and ‘trust companies for the week show that they hold $36,905,480 in excess of legal requirements. This is an ix‘lcrell. of $6,169,460 from last weel / ——— Alabama Great Southern declared Iat:‘ regular tml-nmml.l dl'ld_d‘;ldl of per cent on common and pre< ferred shares. Dividend on preferred is payable August 17 to stock of rec- crd July 13, and on common June 29 201 running trains on through to]to stock of record May 3l. S 4 head of Retail Credit Men's Associa- | imarket. Prices were forced up to 4 1 — ” " THE EVENING WEEK’S COTTON MARKED BY NEW HIGH RECORDS NEW YORK, May 13.—Early week reports of heavy rains,and an exten- sion of the flooded area in the south- west'or lower Mississippl valley led to active generalbuying in the cotton newhigh records and there were noth- ing more than very slight reactions until May deliveries had sold at 20.35 and October at 19.80. represented advances of 2% to 314 cents per pound as compared with the low levels of early last March and were regarded as realizing old pre- Evidently they attracted a good deal of real- izing *by old longs and the =selling became more agtive with the ap- pearance of improving weather con- ditions in the south. Reactions of 70 to 80 points from ere checked by reports kets and the international exchanges, the best of an improving trade demand, how- ever, and fluctuations Mmter were nervous and irregular. ry conflicting opinions are ex- ed in local trade circles as to how seriously the further delay in the start of the crop in the south- west is likely to -influence the ulti- mate yield. Those who are inclined to take an optimistic view of the outlook point out that in some previous years wet weather during April and early May has not prevented a-large crop, and claim that it is not yet too late to make a good yield in Texas with good weather from now on. Others are In- clined to emphasize the danger of boll weevll damage this summer and to anticipate that final acreage figures will run under original expectations. The unfavorable crop reports have evidently made a considerable im- pression’ in the Liverpool market, judging from advices v n the trade, attributing the recent advances there to an inereased trade demand and nervousness over the question of supplies. Liverpool spot sales have been heavier than for some time, and a number of points in the south report- ed a better spot demand from British shippers toward the close of this week. Cotton continues to reach New York for delivery on May contracts, and the certificated stock here is now in excess of 111,000 bales, having in- creased about 14,000 bales during the past four days. —————— DRY GOODS QUIET. Prices for Cotton Goods, However, | Are Firmly Maintained. NEW YORK, May 13 (Special).— Trading was quiet in the dry g bds market today, but prices in general for cotton goods were firmly main- tained, although there was some shad- ing at sccond-hands reported. The| U = narrower print cloths were in fair | {1 (hene IETeer v dpmandi Sheeting were very steady.|ina Steel Corporation, but the invest- The raw silk market was slow, but | P4PPen Iu the nearer fiture. i prices continucd strong, and there Speculative Interest Revived. was a firm undertone in evidence. The suggestion, accompaniéd by gl S G sharply rising prices, that this is a| i time when large industrial consolida- _ COTTON MARKETS. | tions are likely has revived interest W YORK, May 13—TLocal and|in the speculative market, which a} Liverpool selling on a more favoraple | view of weather conditiofs in 8 points on May, which w. influ- enced by covering, but unchanged to & points lower on new crop month with the active positions soon show: ing losses of 7 to 8 points, July sell- ing at 19.43 and October at 19.44. F\{tures opened barely steady. May, 19.95: July, 19.60; October, 19.52; De- cember, 19.48; January, 19.42. NEW ORLEANS, May 13.—Moderate selling put the price of cotton b to 7 points under the close of yesterday in the early trading today, but suffi- clent buying soon arose to give the market a slight upward trend and at the end of the first hour of the ses- sion prices were 3 to 6 points higher than the finals of yesterday. July sold offl to 18.99 and then rose to 19.10. Re- ports of a good spot demand in this market and at interior points were a supporting influence. Futures opened steady. May, 18.74; July, 18.99; October, 18.99; December, 19.00; January, 18.90. RO These prices in the| ; the | part of the past week—was decidedly south caused declines of a few points{on the wane. in the cotton market early today. The | however, the events of the last fort- | opening was steady at an advance of A WHAT'S THE ANSWER? An average of over THIRTY-SEVEN new accounts a day have been opened with this Bank since commencing business as a NATIONAL BANK. “Service Above Par.” MAY WE SERVE YOU? Standard National Bank 9th S’t. and New York Ave. T 2 i - STAR, WASHINGTON, D. C, |UNEXPECTED STEEL MERGER WEEK'S FEATURE IN STOCKS BY STUART P. WEST. NEW. YORK, May 13.—The proceed- ings at the Genoa economic confer- ence have been the chief object of in- terest this week in the foreign mar- but our own security dealings lmve! been much more concerned with mat- ters at home. | The merger of the Bethlchem steel | and Lackawanna Steel cbmp:ml's,: coming unexpectedly, appueayd strongly to Wall street imagination. It recailed the prediction which men of affairs made at the outset of (hel year that 1922 would be a period Qll increasing competi- small profit | moderate prices, tion and consequently margins, and that as a logical result | of these conditions it would be a year of industrial combinations designed. to effect economy and better meet; trade rivalries. | | Stcel Mergers Center of Interest. | i me degree the situation is com- ! of two decades ago | the birth of { Unitea sration. { when tening, IR prices . The immcdiate result was a wild speculation and a brief era of| exuberance in Wall street. The ulti- mate sequel was a ruinous collapse in steel stocks, the effects of which | |it took ten years of the rmost con- servative management to undo. Danger of Big Plant Valuntions. | erti It is not to be presumed that the | present Bethlehem Steel-Lackawanna | Steel combination 1 involve the { grossly inflated valuations that th Steel Corporation did in 1v01. Stil; i{both this and the other pending| merger of steel companies may well | be looked at with a rememberance | of the lessons of the past H Experience has taught that what- fever may be the ultimats benefits and they are undoubtedly great—the {first tendency is for the merger con- | stituents to set an excessive upon their individuat week ago—and, indeed, for the first! Notwithstanding this. night have carried their warning that | the April stock market went to ex- tremes in discounting business im- provement and that a recurrence of | so violent speculation would surely be followed by a second severe check. Another week has passed, making over a month altogether, without any inclination to renew the advance in investment bonds. The inference is thus strengthened that the com- petition afforded by the huge out- pour of new securitles has checked the upward movement in the invest- ment market, despite the persistence of the lowest money rate in five years. Genoa Less Important. The continental exchanges have been more or less sensitive to the unsatis- factory course of things at Genoa. Their decline, however, has at no time been at all important, ana taken with the fact that sterling during the week recorded a new high for the year, the exchange situation shows no very seri- i e ! 5 Safe Deposit Boxes at Very Moderate Rentals Same Rate of Interest Paid on Large and * Small Accounts R. ULLMER. Asst. Sec. JRUCE BAIRD..Asst. DAVID BORNET..Asst. Trust Officer Your Capital and Surplus $2,000,000:00 t | Woodbury Bialr James A. Buchanan William A. H. Church Victor Kanffmann Vit e e Wm. B. Edmonston Frank W. Stone B ersk A Ponning William i1, Walker H. Prescott Gatley Henry K. Willard National Savings & Trust Co. OMdest Bavings Depository in Washington Cor. 15th and New York Ave. . “ Now Serving Over 41,000 ,000:+ Depositors | Once past, life’s precious hours are forever gone— time cannot be stored up. But with dollars, it’s dif- ferent. They can be bank- ed—made a bulwark of protection against waste— a lever with which,to open opportunity’s door. There- fore, Dollar Saving tran- scends daylight saving in importance. {| This'bank is The Oldest Savings Depository. in the District of Columbia—and as such offers the maxi- mum in service and se- curity to Pay Day Deposi- tors and others. §55 Bank ‘yomething here THIS PAY DAY—every pay day—and you'll soon realize how well dollar-saving pays. DIRECTORS: William D. Hoover Reginald 8. Huldekoper Charles Minshall Similarity Between Conditions Now and * When U. S. Steel Co. Was Organized. Speculation Revived. ous concern over the outcome of the conference. Certainly there is no echo in financial conditions of the despalr- ing sentiment recently expressed by the British premier should the Genoa gathering end in disagreement. The plain truth is that politics now, as they have been right along, are a minor influence in the movement of the ex- changes. Credits and Debits Equalized. Primarily this movement is regulated by the relation of credits and debits in the international balunce sheet. Iu- Tope has cut down its purchases in the United States, while selling us a great amount of its securities. The April figures'of the British Board 8¢ Trade, while they showed an excess of imports larger than the preceding months, still made the total out very much smaller than in any recent year. he returns for March disclosed an aimost exact equation between exports and jmports. In the meantime the for- eizn “dollar loans” floated in this coun- try amounted to $650,000,000 in 1921, and so far this year reaches well over §300,000,000. It is in these two ways that’ the exchange situation has been turned in favor of Great Britun, and that France, and possibly Italy, too, have ceased to run further into debt i the American market. (Copyright, 1922, by Tne e WOOL CLOSES STRONG. Prices in General Show Advances of About Five Cents. BOSTON. May 13 (Special).—The wool market here wound up an at- tractive week with prices in general showing advances of about 5 cents 4 pound, scoured basls, from levels quoted last week. Large shipments of Australian and East Indian wools re now on the way here and the ar- ival of these is expected to stimulate trading. Buying is very active in Montana and Oregon, with prices ranging as ligh as 40 cents in the grease, about double those paid last year. —_— Southern Pacific declared its régu- lar quarterly dividend of 13 per cent, r.) Finance Your Plans Through the Lincoln National We will gladly make you a loan on approved collateral or endorsement whether you are a depositor here or not. LINCOLN National Bank 7th & D Streets N.W. SATURDAY, MAY 13, 1922 - Shannon & Luchs FINANCIAT, First Trusts On Washington, D. C., Real Estate An Investment —that frees you from worry as to safety, annoyance as to collections or other details, and the necessity of follow-up of stock market or business conditions. - Ask Your Banker—3 TESTIFYING, recently, before a Committee of the House of Repre- sentatives, a deputy register of wills stated that three-fourths of . the safety deposit vaults which he opens contain valueless securities. At this rate, three Washingtonians out of four “plunge” and lose at some time in their lives. THERE is only one safe way to avoid being victimized. Never take the ad- vice of an investment salesman not connected with an established house without checking up on it in a re- liable quarter. Best of all, go to your banker for advice, for he is generally in a position to know. AND ask him about our First Mort- gages. Swartzell Rheem& Hensey Co. 727 15 % Street NW. 53 Years Without Loss to an Investor “Ye Know Not the Day— Nor the Hour” You doubtless have plans for your estate and for the future comfort of those you will leave behind. But such plans avail little unless set forth in a valid Will i and a dependable Executor and Trustee named to carry them out. This important duty may have been postponed peril- ously long already. Why not take heed of the unfor- tunate happenings to other estates and have a compe- tent attorney draw your Will now, naming this com- / pany as your Executor and Trustee? - As your Executor and ’f‘rustee, we will faithfully carry out your wishes, and your estate will benefit by our years of experience, our responsibility and business- like methods. " To discuss your plans and problems wit does not obligate you in any way. 15th and Penna. Ave.® Every Banking Service COMMERCIAL 3 9% on SAVINGS Capital and Surplus, $5,400,000.00 HOME SAVINGS BRANCHES " 7th and Mass. Ave. 8th and H Sts. N.E. h our officers | i 436 7th St. SW. | i | ' REPORT OF THE CONDITION IBANKING TRUST & MORTGAGE CO. 1 1 { At Washington, in the District of I the close.of Lusiness May 5o Toe ™ *t RESOURCES. 1. a Loans and discounts, including re counts, uccept- ances of ol barks, and forey bills of exchange drates, “sold - with indorsement of this bunk (except those shown {n b and c)..$264, Total loans ... 2. Overdrafts, secured, $35.71.... 4. U. 5 foverumeni wecuriica med (par value, $24,200).. 6. Other bonds, stoc ficurm’u, 4 5 i fixture sehold, $15.229. ... vault and’ smount due from natioual banks. 11 Amount due Zrom su buukers and trust in the United than included in itews 5, 9 or 10) % 13. Checks on_ utiier ‘banki in " the % samwe city or town as report- | ing bank ( 2,390.36 her than item 9, 10, 11 | Towl o 1 8 357,064 50 14. Checks on banks iocated cutside city ar town of reporung it bank and other items. . 16. Other ussels kLT RS ———— LIABILITIES. 17. Capital stock paid in. 18 Surplus fund . 19. Undivided profit 8157500 w3 B0 cLess current e nees, interest & taxes paid "::. Amount due buukers and trust compau in the United States aud fo eign ] untries ded in itewms 24, Caslser’s checks outstanding Total of jrems asd 24 .. Dewtnd deposits (o buuk deposits). (Deposit payuble within 50 days deposits subject to oee 104,500 43 ates of deposit due in less then 30 days (other thau for money boriowed) . 150000 Total of demazd deposi t deposits), nd $169,800.41 jeposits (payaile after i days, or subject 1o 30 da. or_ more uotice) and postal savings: 31. Certificates tban for mone: 3. Other time depo Total of time de 33 and 34 43. Liabilities other above stated er items a of deposit (other borrowed) ... » Total District of C ng I, WM. H LE, secretary and ass! treasurer of the above-named bank, sole Swear that the abose statement i irue to the best of wy kuowledge and belief. WM. H. KYLE, Secretary and Assistant Tremsurer. Subscriled aud sworn to before we this 10th day_of May, 1922 . (Seal.) VERONICA T. HYLAND, Notary Public. Correct—Attest: Geo. T. Harrell, N. E. Ryon, Fred Repetti, L. M.- Johuston, Percy 8. Foster, Robrt H. Me REPORT OF THE, CONDITION Of the CONTINENTAL TRUST COMPANY, At Washington, in the District of Columbis, at the ciose of business May 5, 1922, BESOURCES, 2 Loans and discounts. Overdrafts, unsecured, $5: 2 Customers® lia- bility account © ¢ eptances exccuted by this baok and by other banks for account of th $2,529, g1 bank, and n outstandivg ... $30,000.00 —— 50,000.00 4. U. B. government sccurities 5. olmoed = £9,200.00 . 1,363,252.86 60. asehold, $17.704.74 °357,885.04 7. Real estate owned other tham banking house .. 4.918.00 Lawfu! reserve with Federal Reserve Bank ............. 136,807.60 . Items with Federal Reserve Bank in process of collec- - tion ’(no serve! 10. Cagh in vault aad pEy rom npational banks. 239,592. 11. Amount due from state bank: = bankers and trust companies in the United States (other than facluded fa ftems &, 9 >or 10) z 173 Total of ftems 9, 10, 11, 12 Hamas and 13 .. $308.500.7 14. Checks on bauks located out- 4,100.15 450.00 Accured inferest 1351 Automobile investment so- Total .......... 18 Surplus fund, 18. Undivided profits. 31 Amount due to national banks. 22 Amount due to state banks, in€luded 1n Items 21 or 25 12890 n items 2] 5 . 28. Oertifled cheeks G.l‘lm"h" ’.t 2465053 24. Cashier's check: mnmqii Total of leu_.c .al“zl 22, iod 24 . $381.508.65 deposits (other hnkmhpc‘n'lunL; wit 25. TGivieual Gepoita check ¥ ST, funde) .o al lemand deposits 7{ Il:_’5 ;tfll a ems 25, and 30 Time 30 l side of city or town of re. porting bank and oth n items . 5 16. Other asse Customers® liabllity on letters of credit Accroed inferest bonds . LIABI 17. Capital ‘stock paid in. a5, % leposits '(payable after bject 30 a dass, or sul o days or more netice) and it (other rrowed) postal savis 2 | 81. Certificatos of | than for money {83, Other time deposits. 84. Postal ving A rd ts. “Total of Sme deposits, items 81, 32, 33 and 34.$1,622,026.47 41. 2 “'A ¢ ¢ eptances* executed by this cua- to furnieh dollar exchange ...... $50,000.00 43. Lisbilities other than _those above stated: Liability to customers om Ub- arty bonds sold Iocome tax ecoll ility on letters of ‘credit. i tock reserre, Uniop Seviags Total . ... 94,877,014.49 District of Columbls, City of Wi 5 EPPA L. NORRIS, ZOI-M Im :‘l.l Nh‘f b lP’lsA L. NORRIS, Subecrl 3 to before me this 15 (Beal) FORMERLY INTERSTATE BLDG. 13191321 F St. NW. /A Few Very Desirable Offices Left Reasonable Rents McKeever & Goss Rental Agents . 1405 Eye St.© Main 4752 L