Evening Star Newspaper, January 7, 1923, Page 27

FINANCIAL. FOUR BIG FACTORS N PARIS CRISIS 'Financiers See Possible L Ways of Pushing Dark F Clouds From Horizon. NEW SECURITIES TAKEN ' Review of Week Shows U. S. Busi- ness Conditions in Strong Position. BY BYRON § Bpecial Dispatch to The Star. NEW YORK. Janugry 6.—-On face of it. the end-of-the-week news from Europe was disturbing in the extreme. France has decided to pro- ceed in her own way bill from Germany. , With England is at an end. An at- tempt is to be made to accomplish by force what could not be done by negotiation. British and American economists are agreed that this is the policy of the disaster. It would naturally be expected that the mar- ket, both in and speculativ woula unfavorably affected a vere. rewction But LLER. the Co-operation stment be most en would e heen surprisiy noth- f the kind happened h and Belgian bunds xome weakness, but not what might have n anticipated under the cir- cumstances. Lisewhere quotations for investment . securities were amazingly firm. How is this anomaly 10 be cxplained® Four reasons have heen suggested for the apparent in- difference of speculators and luvestors 10 the progress of events abroad e Steps. markets do not of the situation. s that recognition ved. Such cases ing Pre Four Posw First—That the realize the gravity 1t sometimes happe of this sort is de re. however Second—That the £0 as far as they they will. Noth- Ing in wupport of this theory comes from Parls. Foreign correspondents report uctive preparation on the part of Premicr Poincate for military oc- cupation of the Ruhr Third—That some outside will be brought to bear French to induce them to t moderate . This fluence is expected by th this theory to uriginate ton Fourth—That pens in Europ I'nited Statee wil &ffected. as only ican business trade. Home Whi explanations is the correct une can only he dete; ed by future events. The probabilities are that all four enter into In any case. the faet stands out that anore attention aid to the bright Prospects at he tlook abroad Aside from the forei sndition to whic wn when about the ihe bdy many tion in Congress designed 1o inere 1t i doubtful will be us appr. a8 the politician Seek Higher Prices. farmers say what th, more credit. but higher 1o products they have enly actually higher higher compared with of ‘goods they have to buy “objective” not | easily legislation Along this line the the so-called pose the buying French will not influence upon the ale a more outside in- who hold Washing- no matter what hap- prosperity of the not be materially all part ists Outleok Brighter. n situation. the tion s alway any doulits are exy business outlook is that of agricultural population, To rem- the diflicul of the farme proposuls are under considerd. Most of them are qxe eredit facilities whether these vd by th cxpect ed prices =10 sell, and prices. but the costs ‘Th reached 18 not for by agricultural creation of a and selling_ageney cultural produce. There is not much ance of anvthing like that »mplished at this session of Con- gress, in the opinion of those best in formed, and the merits of such project need not concern us yet New Securities Abxorhed. Meanwihile new offerings of securi ties are eagerly absorbed. The large blocks of both Stocks and bonds taken this week are the that the resery for investmen federal for agri- a ir of fund: a is far from exhausted. The $75.000,000 Federal Land Bank of- fering is a case in point. The merit of these securities seems to be better | realized by the investment public at spresent. The land bank bonds, how- ever. still vield a higher return than the obligations palities Capper sing the bill. which pro limit on indiv. s made by federal land ban goes through, there will (Goubtless be a large increase in ofter- ngs of these honds. The present mit on one loan is $10.000. and the rRer business has b left to the joint stock land which are private institutions operated for pri- vate profit. Some opposition to the Jjoint banks has appeared in the Sen- ate, but the federal land banks seem now to he a permanent part of our agricultural banking system. It is noteworthy that the invest- ment demand seems to be inclining INVES {—— This Booklet Will Help You Place Your Money Safely ides Tual HET funds. to collect he:'l showed | than to the dismal | eflorts | pro- being | best possible proof | available | ot first-grade muniei- | s to° more to_preferred stocks than to bonds. This is only natural at this stage of business revival. The gen- eral opinion is that no great decline in Interest rates Is to be expected, Treasury officlals are quoted 42 cxnrealibithe cutuibn thas iadeeat reserve rediscount rates are more likely to go up than down. . The present quotation is 41; per cent in all districts except Boston, New York and San Francisco; in these three it is 4 per cent. As far, then, as this factor influences bond prices it checks any rising tendency. The preferred stock, on the other hand, is more responsive to condi- tlons in the industry in which the preferred stockholder is a partner. There can be no two opinions about the fact of business revival. How long will it continue and how far will it go? To that question the answer is not yet clear. LIVE STOCK MARKETS. BALTIMORE, Md., January 6 (Spe- cial).—The market for live cattle Fules steady under a fairly good de- mand for top grade stock, of which wharf receipts are light, put ample { at stockyards. Quotations today at Light street whart Beef cattle, first quality, p S to 9; medium, pound, 6 to as to ‘quality. pound, 3 to 5. choice to faucy, pound, to 6. mon to fair, und. to 4 5 to_quality, pound, 3% to 5 cows, choice to fancy. per head, 75 Common to fair, per head .00, Veal, choie ;als. Ordinary to medium, pound, “4{‘ fleavy, smooth, fat, per pound, 10 to 11. Rough, common, thin, 7 to 8. Sheep, old, choice, per pound, 4 to &. Old bucks, pound, 3 to 4. Com mon. pound, 0_to 2. Lambs. spring. choice, 14 to 15 r 1o good, 12 to Bull Cows, 50.00 30.00 - pound. | per pound. 13, Common. thin, § to 10. Hogs. straight, 9 to 915, Sows, as to qual- lity, 6 to S. Stags and hoars. 4 Live pigs. as to size and quality to 12 ts. ax to size and qualit 10 to 12 10 NEW ceipts YURIK. Junuary 6 —Cattle 745 head: no trading Calves—Receipts. 640 head veals, 10.00a16.00; culls, 8.00a9.00 ves. 7.00a9%.00: barnyard 4.0025.00. Sheep head: qu 7.50 16.00; Hoxs. medium 9.50a9.60: roughs, AMERICAN CAN'S EARNINGS. NEW YORK, January 6.—American Can earnings for 1 will run be- tween $13 and $13 a share on com- man. In only one previous wear. 7. did American Can show large! profits, when net was equal to $21.84 share. From 1917 earnings $3.696.- 854 was used to pay off accumulated dividends on preferred. with result that net actually left for junior issue as $3,308,674, or $12.90 a share steady Httle calves. ~Receipts adv: sheep. fambs, and lambs 1 et and ste & 3.00a4.0 ulls. 9.00a10. ~Receipts, to light steady i 0 hea weights | $100,000 | Available for good | 2d Trusts 1.2 & monthly of 3 year maturity: or annual pay- ments. Private funds. Hermon Schmidt 729 15th Street Main 2611. For Your January Funds— Safe Investment With good real estate curity paying 8% interest, opportunity for addition: turn. For particulars, Address Box 154—K Star Office Money to Loan Securad by first deed of trust on real Prevajling interest and. commissi 1 Joseph I. Weller {20 Wam. I, & re- If you have money to invest, we can safely place it on gilt-edge first D. C. Mortgages. Our record of 30 years insures your protection. Courte- ous treatment. Percy H. Russell Co. T YOUR SAVINGS HER you have $100. $500, R $1,000 or more to invest, investi- gate our First Mortgage Loans on Wash- ington Homes before “placing your NEVER A LOSS Our conservative business methods have so perfectly protected and safe- guarded the funds of our investors that not a single client has ever lost a dollar of principal or interest on any invest- ment pur chased through us. Send for Selected List We w be pleased to send you full information concerning our first mort- gages and our methods of handling them. 6%2% Call, Phone or Write for It Convenient Denominations i f and 7% Interest WILLIAM S. PHILLIPS First Mortgage Investments 1409 New York Ave. Main 4600 |a shade better, T TRADE CONDITIONS. | NEW YORK, January G—Br‘d- street's Review today says “With the holidays ended, and industry, which have made the most. of concededly ourtailed sea- sonal shut-downs or stoppages, are {prning more confidently than for ¥o years past to what promises to be an at least normally active win- ter period. Except in the markets for grain—especlally wheat—and cot- ton. which reflect considerable over the year end liquidation, after nota- ble advances, the general price sit- uation appears quite steady and the textile and metal markets show un- diminished strength. The hreakdown of the reparations conference has weakened wheat and cotton. Export buying of wheat is Wholesale trade is about the quietest appearing of the different branches, but orders booked ahead for two to three months give an air of assuredness to those lines conspicuously lacking it the preced- ing two vears at this date. Weekly bank cle; 2 3.000. Investment that gives promise of yielding 14% These Gold Debenture Bonds we a offering bear 6% interest, payable quar- terly, and are backed Ly ample secur They are offered in 5 311000, ddenon ihe Bonde von oo certiticates participating in the profits of the company up to $%. That maki 14% possibility you see. Worthy of your careful consideration, Detailed circular upon request. nd Commercial Loan Finance Corporation Bond Department, Room 200 Phone M. 5672 921 15th Street N.W, $100, REPORT OF CONDITION OF THE BANK OF BRIGHTWOOD, At Washington. in the District of Col at the close of business December 26, RESOUKCES 1.8 Loans and Ais vountx, includi redircounts, & tances o f other banks. and forelgn bills of schange ot rafts, sold with indorsement of thix bank (e cept those shown in b oand o $30.431 63 Total Tons N government $59.431.08 securities owped her bonds. stocks. securities, P 7 5 60.00 ruitire and Axtures 338 09 Total of items and 20,173 Checks on’ hanks Toeated side of city or town of re- purting hank and other cash 700.00 Total LIARILITIES Capital stock paid in.. Surplue fund Undivided profirs.. $8,5 a Reserved for in terest aud tases vod fo iation A deposits (other than bank depositx). (Deposits pasable within 30 daysi Indicidual deposits subje: “heck Certificates of depos less than 80 (other than for mones borrowed) Totalof demand deposits (other thun bank deposits). items 29 and me " deposits (parabie aft 30 dass, or subject to days or more notice) and postal savings Other time deposits Total of time deposits. item: 31, 32, 33 and 34.811,530, * due o 200,00 11,530.62 Total District of Colu . 'City ‘of Washington, ws.: 1. R reiner, cashier of the above- named hank, soiemnly swear that the above statement IS true to the best of my knowl- edge and belief. . L. SCHREINER, Cashier. Subscribed and sworn to before me this Oth das_of January, 1021 “Seal.) RNAND PETIT, Notary Public. BEARD, FRARER, AM P. RILL F. GAIN Correct—Attest i Directors. REPORT OF THE CONDITION 0f the CHEVY CHAS SAVI\'GS BANK, RESOTURCES 1. a Loans and discounts including _rediscounts acceptances of other banks, and forsign bills of exchange or drafts, * sold - with indorsement of this bavk (except those sbown in b and c).§117.513.0 Total Toan Overdrafts, gorernment -$117.513.0¢ Siis 44.68 securities 15,000.00 63,046.61 5.92.62 25,003.75 22,608.93 . Other bouds, stocks, securities, Cash™in vault and amoun! from national banks.. Total of hemi 9, lfl 1 fockted ot a 13 side of city or town of report- ing bank and other cash items. Other assets— Accrued interest Small home baok 142318 Toal LIABILITIES. Capital stock paid In . . Surplus fund . CUndivided profits. urrent ex. interest and taxes paid . 4,048.25 Certified checks outstanding... . Cashier’s checks outstanding. .. Total of ifems 20, 21, 22, 23 and 24 . $713.12 Demand deposita’” (other _than nk depos! (Deposits able within 30 days): dual deposits sublect to- 142,393.83 ‘Time deposits days or subject or” more notice) and postal Ravings: Certificates of deposit (other than for money borrowed). . . Other time deposts .. .- Total of time deposifs, items 31, 33 and 34. $54.390.21 ....$255,089.78 District of Columbia. city of Wi 8. 1. J. EZRA TROTH, cashier of the shove- named bask. solemaly’ swear that the ‘Shove tement is true to the best of my knowledge and belief. J. EZRA TROTH, Cashier. Subscribed and sworn to before me this 5th day of Japuary, 1923 (Seal.) SAMUEL G. MULLOY. - Notary Public. Jos, A RURKAR G. F. MIKKELSO! PAUL SLEMAN, HoBACE E. TROTH, Jr.. OMAS W. FREDERIC ERNDRT FARRINGTON, Directors. FIRST FARM MORTGAGES, ETTI To 40 years: sxpericace serrine taricion all sect Write for {eflun% & u'mn.“"bnf.‘ar'- Capital Offered 1 have capital to place in & going business— one that will stand the most rigld ‘su® ther- ough investigation. Mercantile ' or * mianbtdc- taring buslness preferred. No stock propest- | tion considered. Replies in detail treated eon- fidentially. Address Rox 163-K, Siar office. BROKER WANTED OR STOCK SALES OHGANIEATION of rapidl ; detelomiay saies ¢ rapidly devel with Fesponsible business m board of directors; hav plant in Massachusetts. k for which world-wide dema; es organization to pisce part ot isee. tion hag substantlal ansets in developments, etc. Address Mana, §1 0] SRR Stoths toRFOmAN. Those Who Know NSURANCE banks trustees all invest their funds in First companies, and Mortgages, because experience has proven that they yield as high an interest rate as is consistent with absolute safety. Quarter of a Century Without Our Mortgages are offered in amounts of $250.00 and multiples. a Loss B. F. SAUL CO. MAIN 2100 1412 EYE ST. N.W. REPORT OF CONDITION LINCOLN NATIONAL BANK Washington, in i(he District of Columbia, xt the close December 29, 19 RESOL!‘CI..‘l Total loans Qverdratts, unsecurcd, $541.0; . 8. government securities owned . "Deposited to secure circulation (U. S. bonds, par value) $120,000.00 b All other United States sovernment securities tincluding premiums, it any). co... 844.636.00 Total Other bonds, stocks, securitles, etc. Banking house, $114,420; furniture Real estate owned other branch, $55,729.41. Lawful resérve w Cash in vault and amount due from national banks.. .. Amount due from state banks, bankers and trust compunle: in the United States (other than included in items 8, 9 and 10) Exchanges for clearing house 13. Checks on other banks in the same city or town as reporting bank (other than item 1) . Total of items 9, 10, '$562,501.6 b Miscellancous cash mm- . Redemption fund with U. L. 8. treasurer .. - B 6. | s 10. 11 fixtures, $9. than bankins huu!e 180, 12 ‘and 13 $100. 5. (nusuer and nue fl’lll’ll Capital stock paid in Surplus fund - . . Undlvided profits a Reserved for n.zeruz and taxes ac crued ... B < ¢ Less current expenses, interest and taxes paid . Circulating notes outstanding. . . Amount due to federal reserve bank (deferred credi 22. Amount due to national banks. .. L . Amount due to state banks, bankers and trust companies in the United States and foreign countries (other than included in ftems 21 or 22). Certified checks outstanding.: . Cashier's checks outstunding. Total of items 21, 22, 23, 24 and 25.... .. 3164,282.98 Demand deposits (other than bani deposits) subjéct to re- serve (deposits payable within 30 days): . Individual deposits subject to check... Certificates of deposit due in less than !h|rly days (amer than for money borrowed)....... . Dividends unpaid.... B Total of demand deposits (other than bai Dposits) subject to reserve, items 26, 2 30 and 31. Time deposits subject to reserve (payable subject to 30 days' or more notic . Other time deposits Total of time deposits sul 32, 33, 34 and 35.. nk de- 28, 29, -$2,174,6. r 30 days, or and postal savings): bject to reserve, item: City of Washington, District of Columbia, ss.: 1. ALBERT 8. GATLEY, vice president, bank. do solemnly swear that the abov, knowledge and belfef. ALBERT S. GATLEY, Vice Pres., Cashier. Subscribed and sworn to before me this 6th day of January, 1923, (Seal.) JAMES A. SOPER, Notary Public, D. C. Correct—Attest: FLOYD E. DAVIS, H. R. NORTON. ALBERT S. GATLEY MELVIN C. HAZEN, Directors. W. D. SULLIVAX CONSOLIDATED REPORT OF CON Of the RIGGS NATIONAL BANK $6,: | i | i | DITION December 29, 1922, RESOURCES. 1. a Loans and discounts, including rediscounts, acceptances of other banks and foreign bills of exchange or drafts sold with indorsement of this bank (except those shown in band c).$16,295,105.42 Total loans... cessecnes Overdrafts, secured, $9.021.92; unsecured, $10,364.01 U. 8. government securities owned: 2 Deposited to secure circulation (U. S. bonds, par value, $100,000)...... b All other United States government securities (including premiums, if any)... $95,000.00 5,354,947.04 Total .... wasonies 5. Other bonds, stocks, securities, etc 6. Banking house, $708,689.21; furniture and fixtures, $26. building accounts, $475,105.45......... 7. Real estate owned other than banking house 8. Lawful reserve with federal reserve bank. 9. Ttems with federal reserve bank in process of collection. 10. Cash in vault and amount due from national banks 11. Amount dus from state banks, bankers and trust companies in the United States (other than included in'items 8, 9 and 10). Exchanges for clearing house.... 13. Checks on other banks in the sam ing bank (other than item 12). . Total of items 9, 10, 11, 12 and 1 - 14. a Checks and drafts on banks (including fed- eral reserve bank) located outside of ity or town of reporting ban! A { b Miscellaneous cash items.. l 15,380.03 8. treasurer and due from U. S. 15. Redemption fund with L' treasurer 16. Other assets. Total LIABILITIES. 17. ‘Capital stock paid in.... 18. Surplus fund . 19. Undivided profits. 5 b Reserved for taxes. 20. Circulating notes “outStanding..........cceeeecnnsas 21. Amount due to federal reserve bank (deferred credits). 22. Amount due to national baANKS. . ..o.ieeetienennieanincnnnnn. 23. Amount due to state banks, bankers and trust companies in the Unjted States and foreign countries (othor than in- cluded in items 21 or 22) 24. Certified checks outstanding S aeienis 25. Cashier's checks outstanding. o i % Total of items 21, 22, 23, 24 and S5 $3,986,678.71 Demand: deposits (other than bank deposits) subject to. re- serve (deposits payable within 30 days: 26. Individual deposits subject to check..... 27. Certificates of deposit due in less than xo days (on..r than Ilnll& mdvney b::drow:d). .. 30. Dividends unj essen 31. Other deml.ndydspoulu (trust d&nl.rtment, 098. 4‘). . Total of demand deposits (other than bank deposits) subject to reserve, items 26, 27, 23, 29, 30 and 381....... ..u........il'lflfiififlx “Time deposits subject to reserve (payable after 30 ll{l. subject to 30 days’ or more notice, and postal sav! Certificates of depo: (other than for money borrowed)... g:har t!me‘ depo‘;}ho.!l“ ';to‘!lll of (‘l:na 5apou|(l Illblect to r lrva tes deposits (other n . UI:‘:;! lso‘:n.l.lapops‘:! account and deposits of United Euu! disbursing officers 39. Bills payable (Including borrowed other than re: 41. Letters of credit andtravele; outstanding .. comien 44. Liabilities othor than those above stated Total' . Diltrll‘t of Colum | 32, 34, 35. 36. ‘nting money ity of shington, ss. 4t business on 36.00 6,694.26 123,670.00 29.41 31,259.23 100.00 6.000.00 $300,000.00 300,000.00 cashier of the above-named e statement is true to the best of my HE SUNDAY STAR, . WASHINGTON, - D: C.. JANUARY 7,.1923—PART" tor sies corporation %5 men and bauxers or ‘equipped 10-acre riing manufactur- ing popular low-priced cass in five -fl!l& o Totn created: Twanis reputabis broker of stock sible nd respor ‘who have invested their own money 1 Very - Attractive 87 Investment Secured by high-class real estate, paying assured interest of 8%, with opportunity for additional revenue. Open for thorough investigation. For particulars, Address Box 153-—K Star Office REPORT oDF CoNDITION ATIONAL CAPITAL BANK. At Washington. in the District of Columbla, at the close of business on December 29, RESOURCES. and dis inelud 1. a Loans | 75,415.70 | *nd foretgn hiils of exchange o ar;u- sold with PH e it Total loans . = Overdratts, secured. $6.480.91 unsecured, $411.95. . 8. government owned: = Deposiied to se- cnre elrculation (. 8. bonds par value)..... b All other United Btates govern- ment wecurities (including pre miums, if any) 3858, 12 $838,127.40 6.592.86 ies $156,000.00 ratal Banking s, | $43.500 niture and Bxtures, $4. Lawful reserve with federal rescrse hank . Cash In vault and smount due from national hanks Amount due from state banks. Dankers and trust companies in the United States (other than included in items 8, 9 and 10) . 4,792.15 2402471 g diouke. 3. Cliecks on other bauks fn t same city or town us report- g bk (other thar. item . b Miscellaneons cash items Redemption fund with U. £. {reasurer and due from U. 8 STRABIOOR oo vonsnsase . Other assets, penses, and taxes paid. A 113,028.95 . Circulating notes ontatandiug . Amount due to Federal Reserre Rank (deferred credits) Amount dne to national Amount due to state banks. Lankers and trust compant; in the d foreign. countries (other {han locluded o ftems or 22) . Certified checkn ontxt Casbier's checks outstanding Total of items and 25 1, 23, 23, 45,1545 Demand_depastts (other than bask deno:its) subject ta ra- scrse (deposits payatle with- in 30 days): Individual deposits sub; check ..... Certificates of deposit due in Iess than 30 days (other than for money borrowe Dividends unpaid . : Cotal of demand ~ d:piasi (otser than bazk deposity mbject "to reserve, itema 26° 27, 28, 1.249,613.76 “deposits o Te able after 30 day: to 30 deys’ or Dere notice, and post:l sav- “savings deposits. of_time deposit representing mon 3 horrowed other than re- discounts) . 44. Liabilities other than sbove stated ......... Total ... | District of Colum! X City of Washington, ss. T O. STEWART. cashier of the shove. named Rank. do solemniy swear that the abava statement fs trie to the best of my knowl- edge and belief, H. C. STEWART, Cashier. ubscribed and sworn to before me this Gth of Janoary. 1023, (Sesl) CHARLES A. McCARTHY, Notary Public, D' C. Correct—Att JOHN C. YOST. SAM'L. G, EBERLY, ALBERT CARRY, H. H. McKEE, CLARENCE F. DONOHOE. Direc an: At Washington, in the District of Columbia, at the close of business on 33.817.36 | 5.000.00 | 86,407.40 | i sreeerenes..$32,876,647.99 $1,000,000.00 2,000,000.00 1,850,256.27 299,723 79,356.79 16,937,216.58 71,848.45 2,140.22 44,483.46 194,634.16 2,733,848.41 138,702.73 487,605.55 4,400,000.00 54,128.22 7,677.91 ciccsensmesenseeses.$32,876,547.99 1, ROBERT V. FLEMING, cashier of the above-named bank, do solemnly he ab tement is true to the best of my knowledge ;v:fi:rr that the above statemen Rehfl‘f%;l;“:’- "L!;.‘BSING ;“l;; 1 o ay of January, 3 (suls;“um"b“l and sworn to b i DORSEY, Notary Fublia, D. & cC‘;A‘:T?.‘%%’VER, RANDALL H. HAGNER, Wl 3 FiAuER, B SPENCER, WM, J. FLATHER, m B Romia DUL. . AMES M. JOHNSTON, ’c,.rommsnnonz. L. KEMP DUVAL, | and Directors, BEPORT OF THE CONDITION McLACHLEN BANKING CORPORATION. At Washington. in the District of Columbia, at the close of business December 29, 1922. elgn bills of ex- <hange or dra s0ld with indorse ment of this bank (except thue shown in band c)$695 483.36 Total loans Overdratts, unsecured, §2.144.64 4 U. 8. government securities owned . 5 6. Other bonds, stocks, securi- ties, o el 6. Furniture and fixtores .. 7. Real estate owned other than banking house . h in vault and soos.4sama | 2/144.04 | bankers and trust companies in the United States (other than included. in items 8, Sl I0P o R Exchanges for clearin Total of items 9, and 13 ... 610, 14. Checks on banks located outside of city or tawn of reporting bank and other cash items 18. Other assets—Remodeling . Total ... LIABILITIES. 17. Capital stoc paid fn... 18 108 £ d . .oooin.. 10 Dndividen ‘profita... 347 a Reserved for i terest accried © Less carrent - ex- penses. interest and taxes paid.. 34,110.81 28, Certified checks ‘ontatanding. 24, Cashier’s checks Mllll inding. al of items. 20, posi (De Dagable Within 30 ayers 2. Individual deposits subject to - 1,118,067.25 Tofal of deraad depouita(other than bank deposits), Items 25, 26, 27..28, 20 and L. $1,118,097.28 Tiame: depoiits’ (pysbie aties 30 day, subject to 50 ore notice) and a1 clitteates oFdegonit otner than for money rrowed. ool e depenle 31,33, 38 and 54.880,013.40 $5. Bills_payadle - (incindiag Al obligations representing mon- ey borrowed other than re- Hacounte) Total Wi T TORN A. MABSIE, treqsurer of med bank, solemnly swear that the sbove statement is true to the best of my knowl- edge and. bellef. JOAN A. MASEIE, Treasurer. Subscribed and swors to before me this 4th day of Janvary. 1933. (Seal) JOHN M. McLACHLEY, Nowry Public. Correct—Attest: NTER P. McLACHLEN. ¥. R. HORNER, WILLIAM A NGS, A mL#m . ETZ, GER, 60,012.40 FINANCIAL. Safe Investment Attractive Interest 7% First Morigage Real Estate Gold Bonds $100-—$500—%1000 Maturities 2 to 12 Years WABKER 813 15th St. N Main 2430 REFPORT OF CONDITIO Ot th American Security & Trust Company At Washington, in the District of Columbia. at the close of business on December 29, 19 RESOURCES. a Loans and discounts. including rediscounts. acceptances of other banks, and foreign bills of exchange .or drafts, sold with indorsement of this bank (except those shown inband ¢)..$1 Total loans. Skl 3 Overdrafts. securcd. $12.368.21; unsecured | €. 5 sovernment stourtiles owned: Other bonds, stocks, securities, st Banking houses. $1,332,880.5: $215,051.85 5 Real estate owned other than bunking houses .. . Cash in vault and amount due from national baBks Amount due from state banks, bankers and trost companics in the United States (other than Included in items 8, 9. or 10) 5 Exchanges for clearing houqe, Total of items 9, 10, 11, Checks on banks located outside of ci bank and other cash items. Due from U. S. Treasurer Other assets.... e $2.68 s turniture &hd fixtures Total 3,400, Gapital stock paid in Surplus fund . . Undivided profit! a Reserved for accrued b Réserved for cler] interesi and $1.133,62 © Less current expenses, interest and taxes paid $0.667.45 Amount due to nationa) banks. > > Amount due to state banks. bankers and trust companies in the United States and foreign countries (other than in- cluded in item 21). . Certified checks outstanding . Treasurer's checks outstanding. Total of items 20, 21, 22, 2 2 Demand deposits (other lhin bank deposits). 5} po-ll\ able within 30 days): . Individual deposits subject to check...... . Certificates of deposit due in less than 20 da for money borrowed) . e 9. Dividends unpald. 30. Other demand deposifs—Trust deposits. . Total of demand deposits (other than deposits) items 25, 26, 27, 28, 29 and 30 Time deposits (payable after 30 day or more notice) and postal savings: Certificates of deposit (other than for mone . Other time deposits. .. 8 Total of time deposits, items 31, 32 . United States deposits (other than postal sav ing war loan deposit account and deposits States disbursing officers. . Liabilities other than those above stated. Total .. District of Columbia, city. of WAshmzmn S8.: 1, CHARLES E. HOWE, treasurer of the above-named hat the above statement is true to the best of my poter, . CHARLES E. HOWE, Treasurce Subscribed and sworn to before me this 4th day of January, 1923 (Beal.) ALBERT H. SHILLINGTON, Notary Public Correct—Attes WALKING Coficonat mm CLARENCE R. WILS JAMES M. GREE) ALBERT CARRY. WILLIAM E. SHANNON P. HERRMANN. HOWARD MORAN. , PERCY MeGLCE, CLARENCE A. ASPINWALL JAMES F. SHEA. LA, = EWBOLD NOY. B. F. SAU L3 BROWN, C. BOYD, Bank ngs) of 43 bank. solemnl knowle JOHN F. GEORGE W. Directors REPORT OF CONDITION Of the DISTRICT NATIONAL BANK At Washington, in the District of Columbia, at the close of Lusin December 29, 1932, RESOURCES. 1. 2 Loans and discounts, including rediscounts, ac ceptances of other banks and foreign bilis of exchange or drafts sold with indorsement of this bank (except those shown in b and ¢). Total loans... s Overdrafts, secured, $157,89; unsecured, $5,859.43 3'a Customers’ lability account of “acceptances” executed by this bank and by other banks for account of this bank, and now outstanding $10 4. U. S. government securities owned: a Den(;ull)ed to secure circulation (U. 8. bonds, par value) . $503,000.00 ! States government sccurit (including premiums, if any)...... Total . e alein Other bonds, stocks, seulnhes, ete. . Banking house, $662,345.62; furniture and fix Real estate owned other than banking house Lawful reserve with federal reserve bank. Z . Items with federal reserve bank in procgss of collection . Cash in vault and amount due from national banks....... Amount due from state banks, bankers and trust companies in the United States (other than included in items 8, 9 and 10) Exchanges for clearing house.... Checks on other banks in the same city or LOWND &s Teporting bank (other than item 12) Co Total of ftems 9, 10, 11, L. T$969.975.1% a Checks and drafts on bafks (including federal reserve bank) located outside-of city or town of reporting bank . . b Miscellaneous cash {tems. o 04 12. |13 S. treasurer and due from U. S Redemption fund with U. treasurer Other assets. 5 32240 Total $9,074,300.09 $550,000.00 tal stock paid in ... et 100,000.00 Surplus fund . . Undivided profits. ¢ Less current expenses, interest and taxes paid Circulating notes outstandinsg.... Amount due to federal reserve bank (dcferred credits) . Amount due to national banks....... ‘Amount due to state banks, bankers and trust companies in the United States and foreign countries (other than in- cluded in items. 21 or 22) 7 Certified checks outstanding. . Cashier's checks outstanding..... e Total of items 21, 22, 23, 24 and 25.. . 8838495 Demand deposits (other than bank deposits) subject to re- serve (depusits payable within 30 days): Individual deposits subject to check. State, county or other municipal deposits secured by pl\.dge 6f assets of this bank or surety bond. . Dividends unpald... ¢ Other demand deposits. “Total of demand deposiis (other than ban subject to reserve, items 26, 28, 9. 30 BOALET o ol locios et “‘";zcdsxys.sg;r- eposits mubject to reserve (paya . “:T:‘bsgcr?to 30 dny’!’or more notice, and postal savings): . Certificates of deposit (other than for money borrowed). State, county or other municipal deposits secured by pledge (,z assets of this bank or surety bond ¥ Other’ time deposits. Postal savings deposits........ " Total of time deposits e H s e es deposits (of Ufl?fil&ifidenn& account and deposits of United States dis- bursing OMCErs........... U, 5. government securities borrowed. Bills pavable (including all obligations representing money botrowed other than redi;co‘un]t‘:;in Dbills rediscounted, incl & a e ko and forelgn bills of exchange or dratts sold with in< t Of this BANK...ovorsivasiene- s A'g:oe‘;\,lel':::s executed by other banks for account of lh!s bank Liabilities other than those above stated % Total bia. city of Washington. ss.: .Dl"“etfl-“lfflo‘g"ll”flTT Jr., cashier of the l!'mv!b nlmerd blnlt. dol :alamnl:’ lement Is true to the best of my knowledge an Sosax that the above stat: ° B BB e d sworn to before me this 6t of January, 15:.5)‘““"“4 = BENJAMIN ROBI) Notary Public. Correct—Attest: 3 J TALPH P. BARNARD, ROBT. N HARPEE. RAL BAF S BESSELIEVRE, ixf'?P CRENSHAW, H. L. OFFUTT, Jr., Directors, deposits) 3 4 33 34, 35. 100.000.0 95,747 044 subject to’ 58,900.00 55,000.00 605,000.00 549,94 49,97 4.69; 9,074,300.99 i ® .