Evening Star Newspaper, May 16, 1922, Page 25

“ 3 ® building - trades. IMPROVED FOREIGN CONDITIONS 'REFLECTED IN MARKETS HERE Better Volumé of Trade Commg to U. S LaborTrou]ales Main Reta.rdmg Factor in Broarlemng of Busmess +: BY JAMES ALLERTON. Special Digpatch io The.Star. NEW YORK, May 16.—A decidedly bbfter tolume of trade.is pouring out of “this port for forelgn’ countries. Imbrovement'in conditions on the oth- e¢.side- 6¢ the Atlartic has been re- flested in markets here and outgoing. freight ts heavier than it has been for months. A shortage of skilled lahor and material is evident in the Nearly $80,000,000 Wdtrth of new building was scheduled or_started in April. This is-an in- crese nearly 300 per cent over April, 1921, and the work Inaugurat- ed since January 1 has shown a cor- responding increase over last year. ’sflcl,lre in short supply, due to es at Hudson river plante and : fagt- that: the building boom caught some makers unawares. Prices aye on the increase ‘for these products-as well as for ‘lumber, Ge- ment and other building materials. Retafl trade has. been ‘decidedly betfer during the last-ten days, al- though: the demand for lightwelght cloting and straw hats has not yet become insistent. = Improvement is noted in the-demand for silk -goods, with demand turning to the crepe de chine weaves after a long run on canton-erepes.: Waolen goods are in better demand for fall needs among clothing manufacturers, and shoe fac- lgries .are busy with orders well ahead. Pittsburgh Outlook Good - Despite Retarded Output clal).—Sheet mill output in Mahoning valley this week is at highest Tate in two years, reaching 80 per cent of ca- pacity. Ninety-eigat of 113 mills -are operating. New business is in ‘excess of iction. PITTSBURGH, May 16 (Special).— Carnegie Steel has ordered resumption' of blast furnace No. 313 of fifteen open hearth furnaces'and bar and blooming mills at Farrell. Orders for this re- sumption ‘were canceled when coal strike commenced, but will now be executed. BIRMINGHAM, Ala, May 16 (Spe- cial).—Small. structural steel plants have as much business as they can handle, with especial call for gasoline tanks and apparatus for filling ' sta: tions. ‘Woolens. BOSTON, May 16 (Special).—Presi- dent Waod of American Woolen ‘is Vvery optimistic concerning business in woolens and worsteds. He sald to day his company had booked orders in Ian gr(nlghl for 50,000 pieces of e predicts higher prices for wnolenl. saying that they cannot be produced 4t present pricés, owing to advnnca in raw wool. Vegetables. CAMDEN, N. J., May 16 (Spectal).— First long-distanice delivery of fresh vegetables by an.airplane will be at- tempted -from Gloucester county, N. |J., tomorrow. “A Fokker plane, pilot- edz by Bert Costa, will carry 1,000 pounds of fresh-cut asparagus to LYNN, . Mass., Mly 16 (Special).— Shoe manufacturers here have accept- INOFEDERAL Heavy Financing Then—Calls ed a proposal by Mayor McPhetres to arbitrate” wage dispute with their workmen. Unions have also voted to ageept. This, it is thought, will end 4 BY H. B. LAUFMAN. Special Diapatch to The Star. PITTSBURGH, May 1 ~"sieel furnaces -are resuming opera. B tions despite the coal strike and thére are other evidences. of expan- siom in the léading {ndustries of- this district. - Orders to resume opera- tions in many plants were canceled When the strike began because. of the uncertainty of fuel supplies, but these orders. have en made opera- tive agaln. The sfrike still is a re- tarding factor, as many furraces and mills now idle would be working it there'was assurance of an adequate | coke add coal supply. While" production has been held baek, orders for iron and steel $rod- ucts have been. flooding in, and this has resulted -in_a stiffening of prices for 'steel products. Many makers are’ out of the market, having sold out to ¢apacity, Others are declining orders_in various lines and - still are making contracts only with ofdcustomers. Strength in pig iron -and- semi-finished steef products is promounced andhigher prices are predicted, ‘A few.men have returned to work in the non-union coal fields of Fay: ette coumty, but the increase in pro- duction is not important. However, a ‘steady” stream of coal ,is flowing from Wut _Virginla and’ Kentucky viines. . While merchants find it.nec- ossary "to “go .after”. business, they are getting it in satisfactory -vblume, although buyers -are 'not consum- mating their purchases with the free hand that was In evidence after the wa " Rail Men Are Optimistié. After Trips Over Lines BY E. D. JENCKS. Special Dispatch to The Star. ST. PAUL. May 16.—Manufacturing » hastaken a spurt-during recent weeks and with agricultural prospects brighter, the general business outlook in. the northwest i3 much’ more fa- vorable, " Northerz, roads in this territory who have just mde inspection trips over their lines %ort crop conditions are excellent h every prospect of a strengthen- ing of the buying power of the farm- er. Winter ‘grains eame through in excellent shape, spring. wheat plant- img has. been exceptionally well done and corn-planting-how is well under | ':'r Careful. estimates indicate .a ‘mal cereal crop acreage and In- creased live stock production. Retail: trade in the Twin Cities is better ‘than it was a year ago, al- though Buying of wearing apparel has been delayed by recent cold and gloomy weather. Wholesale, trade in harness.. hardware .and footwear is heavy and the.deatings tn automobtles and accessories are establishing -a record for all time in.this section. Shipments of c¢oal east from Du- luth have proyvoked fear of a coal shortage should the coal miners’ strike -eontinue beyond June 15, though' stocks at the head of the lakes were heavy and there were 0,000 tons of bituminous and 400,- 00 tons of anthracite on hand May 1. _ Commodity .Reports \ r.- . .From-Various Sections -, Live Stock. ‘ FORT. WORTH. Tex., May 1§ (Spe- ¢lal).—€attle- receipts’ here for first four months of 1922 were far in ex- css of those for corresponding period s Phenomenal -increase ‘is hawn n. receipta of hogs and sheep, while there was a. ansm falling off in sules of calves and mules. : Automobiles. ‘ DETROIT, ‘May 16 (Specialj.—Rate of-sales for Ford cars at present is over 5,000 a day. Tractors sales total- | in Aptil. This is gn inerease 190 per cent over .April, eials of company report that ‘Present rate of output and sales this ym will' be a recard-breaker. LEANS, May 16 (Special). Teport auto sales running WO -hold of those-for March and April, ymch were the best they had experisnged for two vears. Increases in ord(r. range from 25 to 40 per ceny E SEUR( BURGH, May. u"<5nac{ng. Furnace -coke -is nominally’ quoted at ".,E(L oven -apd foundry -at ‘Tite fact’is thera. is no rfl.m&:xsco. May 16 (Spednl) ‘sales are far ahead .of xre being | jome mills lpxd down by labor. dis- ,,.,' L e STON. My 16 (Specia 48 sh 2 stéady fm- T . Taand. et 1t 18 -1ndultry ‘will regain &.normal .:I 16 (SD‘ Imt ‘cotton mm n u’-’f‘ ‘vorld. hu announced-it will be unable to ac- .ot for fall delivery of ging- mn- %‘. 3 t\ protract mms May has bee: mu Berri¢s r.mx pouéaa into fmar- ‘\::c‘md prices Tanged from 8% to 12% cents a quart. Wholesalers, by resort- ing to newspaper advertising and sell- ing at Wtatl ril‘;n'h ur}:fl:nnfi. suc- '3 ices | ) Der Gont lama than last x-rn, iy SAN FRANCISCO, May 16 (smm) ©of prunes hae been small. Tn some countles not a pound remains from: last-year's crop. Expert orders are a -; factor in market at present. —Iron and ! | April. controversy, which has lasted a year and which has resulted in many fac- toriés moving away from Lynn. Rice. NEW YORK, May 16 (Special).— Forelgn inquiry has given a _better itone to rice market here. Foreign stocks are smiall, and fancy uncoated blue rose is sald to be practically ex- hausted in Arkansas and Texas. Notes. BOSTON, May 16 (Special)—By unanimous vote conductors and mo- tormen employed by Boston Elevated rallway, which operates street rail- way system in Boston and surround- ing cities, have voted to accept a wage reduction beginning July 1. They now receive 65 cents an hour. jFrom July 1-to January 1, 1923, the -wnge will be 63 cents and for fol- '.owmg six months 61 cents an hour. HOUSTON, Tex., May 16 (Special).— There is difference of opinion as to whether farmers whose lands were inundated by recent floods will re- quire outside aid or not. Gov. Neft declares such aid is necessary. George Terrell, head of state board of agri- culture, asserted today, however, that these farmers are well able to pur- chase and plant new seed. Bank de- Pposgits in many Texas cities have fall- |en oft siightly, due to demand for money on farms and ranches. DETROIT, May 16 (Special).—Un- employment’ has been reduced to such a point here that public welfare com- mission of the city has .closed its branch office and released seventeen employes. Total number of cases cared for by commission dropped from 1,009 In March to 789 in April. TRADE FAILURES DECREASE. NEW YORK, May 16.—Another de- cr.ale in business failures last weak Review. were 333. Bradstreet's deelares that failures were reduced from 400 a week before to 374. In the corre- sponding week of 1921 they- were 313. The Pacific coast was the only section which did not show a de- crease. There were last week 233 failures of liabilities of $5,000 or more, or 57.1 per cent. against 275 in_the preceding week, in which the percentage was 56, and 185 a year be- fore, when the percentage was 55.5. A decrease of four. to sixty-one is shown by Canadian failures. ARGENTINE FAILURES GROW. NEW YORK, May 16.—Liabilities in- volved in failures in Argentina during April, 1922, amounted to 18,300,000 mne pesos—an ' increase of Dedos over March, 1922, and 3,300,000 paper pesos over April, 1921, according to official report. ‘ CREDIT BUREAU FOR SHIRTS. NEW YORK, May 16.—A credit de- | partment is being esuhll-hed by: United Shirt Manufactur: local organiza- tion in shirt industry. It is expected it lell be in full operation by June 1. Alréady several applications for credit rvice -man urers outside as- sociation have been received. CLOTHING ORDERS GOOD. NEW. YORK, May 1§.—Advance or- ders for men’ mext fall are ahead of last Ynl' most. local manufacturers report. - Overcoats appear to be selling much better than suits. e manu: rers say that orders to.date for fall merchandise are | fully 26 per cent lhcld of such n’defl I a.year ago. p S G . MARCH RAIL EARNINGS. NEW. YORK; May 16.—March re- DPotts of 186.cigss I ralls and fifteen switching and terminal companies show an aggregate net operating in- come of $83,§11,408 3aved out of gross aperating revenues of 474,669,629, in to $30,807,0 in net and $085.048.326. 1n &To for March, 1921, Grou operating receipts in the first r-ter of this year were $1,271,531,- in ‘contraat to$1,336,329.819 in the corresponding. -period ~of 1921, Net r.nww opesating in¢ome in the for- ar was $160,999,429. contrasted with 302;7;514 407 earned in first three months m SITIIATION UNCHANGED. oflK, “May ‘16.—Domestic | &k ©s and. intermediates is pug and Chemical Mar- kets reports, gk Jevtval of export de- mand for coal'tar products for ship- ment to South . Amerlca, Japan and southern Europe is in progress. Buy- r |Ing in’ esseatlal” oil '.rlfle is Broaden- ‘Ing out. Improved buyimg of medici- nal chemicals in strong contrast to lack of interest shown in them in Prices abroad are generally firmer. Export demand for animal ofls has brought strength to that section of the oi] list and an advance in oley oil is no!;d, Crude, cottonseed ofl s nominally higher. PAYS TO STICK FOR cum; NEW YORK. May lBrv—Thlt it pay! to_enter judgment agal a del 16: ( Special).— | n doluged with straw- . borne out by success he has had in L “I ‘belleve” he declares, entering ‘a judgment amount. involved is large enough to | warrant it, even If there appears to be no chance of ever collecting it. We have unexpectedly got our money in this way several times. - Only récently account handled .in this way was settled after a period of four Vears: The person involved was left some property-of which he wanted to. dis- pose. With judgment in the way, however, he could not do so until he had settied with' us, which he did: never pays to give up.” suits and overcoats for ; *where NEW YORK, May 16—A point n manutacturers apd hoslery dealers are disagreeing is the donger skirt edict from Paris. “'The former see in innovation & factor which will create & spurt in jaded dress demand. fosiery men, howeve ew it' with mbre or less misgiving. 7|1t is mafe to predict; manufacturers claim} that fonger skirts will’' make r. losached demand, not only in qual-’ 1'-}'. but llw in number of sitk hose purchased in a- season. ', Economy mnd. which has prevalled ‘fn_under- wear trades, will extend to that line if long skirt becomes a vogue,‘hosiery ‘dealers claim. NTIE NEXT MONTH for $61,500,000—May Remedy Sore Spot. BY I. A, FLEMING. The position of the Treasury was|' 8o satisfactory, entering the last halt of May, that no further government pubdlic loans are likely until the 1st or the 15th of June. Intérest was payable yel!erdly on. 'second liberty bonds. Thé Secretary has called for $41,- 000,000. to be paid in today and then ‘for $20,500,000 to be paid in Thursday from the" proceeds’ arising from :the -March 15 financing. s ‘The April “financing, 3% per cent certifieates, $150,000,009, has not ‘bee; called, even in- part, trom the bank making the les and buying the certificates; also there still remains $20,500,000 to the credit of the March proceeds, It is likely that the next call for funds from' the proceeds of. sales will take out the 00,000 and nearly & iike amount of the April proceeds. Money ‘is 80 - easily and plentiful that this financing is not likely to cause any flurry. With June 15 all 3% per cent vie- tory: ‘notes matire, interest is pay- able on first 3% s or 4% per cent lib- erties. Then two issues of Treasury certificates are payable June 15, with the part of the issues payable for the second instaliment of taxes, which becomes due on that date. For this reason it is likely that moaderately. large financing may be undertaken on that date. General opinion geems to’favor the 3% per cent rate of the last issue as likely to be maintained. | May Get Some Reltef. ‘While the members of the commit- tee of local bankers who called at the White House yesterday in order to solicit the President's influence for the enactment of a daylight savings law in the District were not success- ful, it is probable that they will be. successful in making some arrange- ment whereby the Treasury Depart- ment will accept. funds for transfer to Richmond at a later hour than 1 p.m. to meet the: exigencles of the. situation. The President. questioned the dele- gation until he uncovered the “sore point,”” and immediately suggested that he “guessed he could get Sec- retary Mellon to fix that.” $2,000,000 in Two Years. This is the deposit record of the Mount Vernon Savings Bank, $2.- 000.000 plus in two years. The sec- ond anniversary and the second mil- lion dollars of deposits were fittingly celebrated at a dinner tendered by the bank to its officers and directors ini ble stime " to “come will probably dull, there fa reported a steady 'de- ‘ures. Buying of other models i; light, owing to prevalence day. During winter, state, this trade picked up, but it the problem’ seems -to hingle” on. the to those which are form fitting. Re- turn of. the 'shirtwaist ° and Tactor. In indve sing sales: ————— : NEW YORK, May 1 Freight cars, were 529,658 pn ‘Aprii 30, a decrease vious. Of total, 371,638 were surplus cars in good condition and remaining 158,120 stood in need of repairs. -Sur- coal cars ncreased 6,185 to 235, That losses in coal tonnage, however, are being offset to an extent by i {creased movement in_other commod| tles was indicated by decreases in number of surplus stock, box and miscellancous_freight_ca: BEPORT OF THE CONDITION POTOMAC SAVINGS BANK. © . ~ Of Georgerown, ose"of busivess May 3 including Tedincsunte, 8 captances of ather banks lortl': bitls n( in from national bank: 11. Amount due from state bank: bankers and trust companies mand for staple lines for stout fig4 very ! ‘among | ‘|slender. women and young girls ofi the loose-fitting garments of present | manufacturers | has since dwindled. The- solution of changing of. current women's. swlui skirt | vogue, It i stated, would be a large | idle on account of business comditions of 226 compared with a week pre- | ington, in the District of colg'mm-. aty At at the Harrington Hotel. Golden 'Donaldson_presided hap- pily, and paid high tribute to success that had been won by the officers of the bank through competition of con- [ siderable strength. Willlam Mueh- side of city or town of re- leisen, president of the bank, and E.| *~ porting bank and other cash R. Davidson, vice president, with Wil- items . iam Baum, .its able cashier, all talked on business topics. Another Dimner. At the Southern Maryland Trust Company dinner, S, J. Henry, presi- dent, presided over a gathering of about forty prosperous men of Seat Pleasants Upper Marlboro and vicinity. Tribute was paid to the memory of the founder of the company, the late Francis Carmody, and, with promises of greater efforts for the success of their cherished Institution, the even- ing passed pleasantly. A few vaudeyille stunts lnd George and- Mattfurni the. Terminal The pi in the United Btates (other than Incloded In items 8 9 or 1 and 18 . .$250,835.15 . Checks on banks_ located out- Total LIABILITIES. 1. Capital stock paid fn rund hviaed " prosit i penaes, interest " and_taxes paid. 353, Gertified. checks ontstanding ut - Cashler's chacks o "_»z Lem $11 d deposits " (other e Dessd deperi Deposits payable within 30 di 25.“Tndividusl deposits et of the Terminal Taxicab Company | 30 QRr e A Poosits (otber were listed on the local.stock ex- tha, benk deposits). ltems ::lllxmn]}od-y and quoted on the reg- X z_s;du, 27, 28, 29 Ipr call. ( L 1 s, itien. 'flll‘ fllwfl: (:Jlbl! after Potomac Electric first 58 made a flm °' Joee Boties) and new high on this movement yosterday 2t 6. Washington Gas 6s brousht 8. cmmmu "':::" (other Capl'.ll ‘Traction shares were strong at 97%; Rallway common sold at fl% and the preferred was firm at 70. ‘Gas shares advanced sharply to 55. Two Court Decisions. . Had the United States Supreme Court ruled the intangible tax law tor the District of Columbia as menx mmm ul [ and-the child labor law -legal Wi u‘ Ing much more cheerfatly, . 1 " | Stiemeat s wie io ths Teaef my knayiedse As it 18, there is nothing to do but.! " Sypscribed and sworn to before me this 10th accept -the unfortumte declllonlflla..y of Ily. - 0. IRVING WOOD, . blame the law and pay the tax. " Notary Publie, D. Washington Stock Exchange SALES. Potomac_Electric 1st n—ll.m at 96. Capital Traction—10. at 07 w--m- o0, Batlwey “and * Wa 70, 5 at 31, 32, 38. Bills payal B owen “orner hes udl-- shier of the Swear. that ‘the ‘sbave -Attest . W o«nn. Ay Baer, REFOET OF THE aRDITION: NORTHWEST - SAVINGS BANK, ht—5 st 54 v mu.mm% et 55 (el Washington Gan. m"-‘?n% |aews "fi: iz fhe Disteict of Columbia, at BONDS. — Bid and Asked Prices.’ > PUBLIC UTILITY: American Tel. and Telga. 4-* 14 s0ld “with _indorse: g R e o md P’ Tel iy C by o el L"pu.ll Traction R. 97 Cliy and Suburban & town Gas 1st-5s [ Metropoiitan K. R. 58 4 Potomae Electric ist b o% e 2 2 ot k8 Wasbingion Wasliington R . o iec . 1 s iad ash. fiwy. and Elec. g m. 6s. 99 or oy ot town of e reporting IHCBUANIDUB- other cash [tems.:' 213.85 [ earned ” -2 mate) L Total | 17. Capital mx-k paid in. 18 Bu ?ln- ivided, profts. Termiaal % Tennlnll pfll v | Yellow Cab C: A g checks outstanding. . i Cashiers. checks gutstanging. . Total of: items 20, ”'ufit Americal Cantinental Trust . Fatlonal Savio wnd BV mm East, Washin, Security Savings Raveuth ‘Street U. S. Savin ‘Washington /. FU - u“,‘,u,u. Ajmerican Nutonnt” usios, * Cusi zn‘u INSURA c-. sworn o hefore me this-Lith W g o m—hmm W: BARB,"Notary Publls. BANCIS M. BAVAGE, mux 8 DIRNEY, -G! C.. BIRDSA GREGG O, BURNS, TR Cotunibis T Real Est . N e lmru\mua o i 8’;&:5&-'... Association Organized 1879 yst Adopt of the'k Bquu.hle ou will find sults EQUITABLE Co-Operative Buflding 424 vlmll CO™"PLETED Systematic Savings Lead to Gmt Ammpli.hmu atic savings plan sure way to obtain the greatest're- Subscriptions for the 83d Lssue of Stock OFFICE ROOMS 1319-1321 F St. N.W. A Few Very Desirable Offices Left Rental Agents 1405 Eye St. Main 4752 . ESTABLISMED 1887 “DAVID J. HOWELL AND SON ENGINEERS UNION TRUST BUILDING WASHINGTON, D. C. SANITARY ENGINEERS ARLINGTON CO. VA REAL ESTATE ENGINEERING WATER SUPPLY—SEWERAGE ROADS--STREETS—PAVEMENTS it ‘the Let us manage your Rental Prop- erty. Over a Quar- ter of a Century Experience B.F.SAUL CO. 1412 Eye St NW. Main 2100 WILL BUY International Finance Corporation Stock S. A. SCHOOLFIELD Reom 310_Continental Trust Building n-.'fln.m FINANCIAL to Loan C—wdvmnudm.nn-m T . [ ‘The eurities yleldi: interest. i REPORT OF THE CONDITIO! COMPANY Joseph T. Weller &5, 7e: ool © “To the” “Conservative lnvutour:" principal or wrvice and he protection, tio0” given "out Tavertors 18 First Mortgage Notes only absolutely safe form of se- ing the maximum rate of !2' Fl(leen(h St NW Lean Dept.—Main 36. MERCHANTS BANK AND TRUST* o Bélag Reselvad APPRAISALSREPORTS... - | - oo i f Columbia, at the close of business Shares, $2.50 Per Month At Washington, in the District of Colum EQUITABLE BUILDING o RESOURCES. - 1..aLoans and discounts, including rediscounts. ac- 915 FSt. NW. ° - ceptances of other banke and foreign bills of g dhle exchange or drafts, sold with indorsement of JOHN-JOT ERSON.. Fresident this bank (except those shown in b and c)....$4,445,637.35 FRANK P. REESIDE, Secey. —_— . v Total loans . ".‘CSS 3 2 O\el’fll’l(!!. unsecured, $ 4.650.09 U. 8. government securities owned. D Jisa Olhel' bonds, stocks, securities, etc. . . ‘ % . Banking house, $180.000; furniture and fxtures, $93,78247.. 340 w8240 1 " Real estate owned other than banking house. 5 D'"d F. Mcconn.“ghey Cash in vault and amount due from national banks. 543,615.21 k tory Bullding . Amount due from state banks, bankers and trust companies in 2 Unlimited Funds for First Trust Loans, the United States (other than included in items &, 9 or 10). 428,016.55 First Mortgage "? Gold Bonds for sale, § ! 12. Exchanges for clearing house 153,478.91 Friacipal and "xtirest Usxsaatasdj 13. Checks on other banks in the same city or Lown as Teporting y . bank (other than item 12) i 1,087.36 E mpment Total of items 9, 10, 11, 12 and 13 .$1,127,048.33 4 q . Checks on banks localed outside of clly or town of rEporunpt .l uBER“ wND PMCB S g bank and other cash items . ]?’:\536;] A . Due from U. S. treasurer. 000’ s FOR . S100" BONDS, TODAY. ecurities 6. Other assets 62.938.39 issued under Total ........ SIS 3.\ W AT $7.087,952.53 LIBERTY BOND EX! HANGE 604 14th St. N, Hours, § am. to 5 p.m. Main 2997, PHILADELPHIA PLAN Surplus fund Maturities and Prices upon request crsied REPORT OF THE CONDITI Of the PEOPLES COMMERCIAL AND SAVINGS BAN Washington, in the Di close of business 1922 he Gth du RESOURCES. . & Loans and discounts, ing rediscounts, . acceptances of other Lanks. ‘and forelgn bils of exchange or drafis sold with indorsement of this bank (except those shown in b and c) . Overdrafts, ~unsecured, $118 81 Other. bonds, stocks. securities ete. ... inclnd- e o . Amount due from state banks, bankers and frost compunies In the United States (other lian ‘tocluded (o it 8 9 Orcaniiarion < ACsiliary vanke (etie Mnkur Total ... LIABILITIES. 7. Capital stoek paid in. . Surplus fund ugren ‘penses, Inferest and taxes paid.. (ot Demand deposits bank deposits). pagable within 30 (payable’ after 30 biect o 30 da sarings: 31. Certificates of ~ deposit g8, 0n1A0,,1F money borro gtber om-r‘ Usoe deposiis-(savings de. tal Dlatrici of 1L R. B, WHITEHGRST, vice ymfden: and chmkier GF. (he" ahotasanicq. Dark swear that the abov e best of- my knuwle V !nb.fflhfl l!!d sworn to before m: b Sikand 3 Correct—Attest: c. LIPECOME. :oma 'rnc(u\l.zr U PR6L L. .mAcBnL SBth, Yeur f Columbja. at | 3215324801 | “Jatest mews is what you L §I04818 s (Deymdl- Rl . Individual deposits subject to notice) and postal irue to the RATHBONE, otary Publie, D. C. Capital and Surplv.u, $2,000,000.00 Unless You Make a Will- Natmnal Savmgs_& Trust Co. , “Otdest. Suvmg: ON The National City Company Washington—741 15th St. NN'W, ‘Telephone—Main 3176 ! | i K, i y of May, if- 116.81 want on New York Curb 56,510.00 Exchange stocks now standing 5791623 | . ghowing great activity 25,957.13 use the telephone. ! ‘“-“l This: time-saving method ‘;ggg;g enables you to keep posted | |2n® peilel. (Seal. Correct—Atte: — new 38 page Manual on trading procedure Very handy for ready reference. 148,137.59. 11.435,00 ONES & BAKER New York Carb Market , wlemll whier. e this ¥3th Directors. - ’ —THE ESTATE you have . labored a lifetime to create “ will be divided according to » law, but not necessarily as ' you might have desired. - -y CONTROL the disposi- tion ‘of your property through the means of a LEGALLY BINDING WILL—and to make assur- ance doubly certain,. name this company - Executor or ‘Trustee therein. TWOur Trust Ofce will plodly dia- %fi this subject tn detail with »< TRAVELERS" CHECKS Depository in Washington . 15th, and New York Ave. Capital stock paid in . Undivided profl a Reserved for inte © Less current expenses, . Amount due to national banks........ . Amount due to state banks, bankers a the United States and forelgn countries (other lhln cluded in items 21 or 22)..... . Certified checks outstanding. . Treasurer's checks outstanding Total of items 20, 21, 22, 23 and 24 Demand deposits (other than bank dcposits). able within 30 days): . Individual deposits subject to check . Certificates of deposit due in less than 30 days (other than for money borrowed) . Other demand deposit: Total of demand deposits (other than bank de- posits), items Time deposits (pay ble atter 30 days, or subject to 30 days or more notice) and postal savings: . Certificates of deposit (other than for money borrowed) . Other time deposits. Total of time deposits, items 31, 32, 33 and 34 ¥ Letters of credit and travelers' checks sold for cash and out- . Liabilities other than those above state (a) Bills payable (deferred payment on real estate). (b) Forelgn department .................. District of Golumbia, ¢ity of Washington, st FRANK P. HARMON, F 3 Suh!crlbed and sworn to before me this 12th day of May, ) HARRY J. DONOGHUE, Notary Fublic. st: PETER A. DRUR\' EZRA GOUL] ERNEST E HERRELL 713 14th St WASHINGTONIANS absorb each year a large volume of worthless securities. In 1920 one oil company i -~ glone succeeded in unloading sev- U | eral hundred thousand dollars of | stock. people of small income and paid for --out of their small savings. ‘'WHEN some glib fellow approaches _you with a get-rich proposition, sub- ject it to the acid test. You can do this by stopping in at your bank for a few minutes during the luncheon 2 hour. You will find there some one who can tell you offhand whether “the proposition is Iru’wuflhy. &Hensey ‘727 155 Street NW. *, 83 Years Without Loss to an Investor $39.146. 24,861 interest and taxes paid. 27, 28, 29 and 3 .$3,799,239.: Jr.. FRANK O'HARA, First Trusts 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. HANNON - & LUCH Main Much' of this was taken by ANDmungd.ndnlmm e duntuuhdopmn- of oyr_l-"int, 41843509 (Depasils pay- On Washington, D. C., Real Estate Co. $884,020.40 221,030.10 14 3,787,642.55 4.000.00 7.597.14 99 .$1,923.925.6: 500.00 59.500.00 801.17 ..$7,087,952.83 Jr., treasurer of the above-named bank, sol- emnly swear that the above statement is true to the best of my knowledge “Treasurer. 1922, ANE. WM. HENRY WHITE, Directors. 2345