Evening Star Newspaper, March 21, 1923, Page 25

INANCIAL REPORTS ON MERGY 'FOR FEBRUARY, 3 Net Earnings. 8 1-2 Per) Cent—Aliotment of Certificates. BY L A, FLEMING MeQuade, local direc Mergenthaler Linotype Company. tended ular meeting of the direc- tors of corporation in New York yhsterday and furnishes the following information benefit of local shareholders During mpany 5618 $378.768.64 chine B J at- IFebruary the value o the month of sold machines to s . supplies to the amount of neous ma- of $7 and miscell the value $410. A to total revenue of | and bank interest amounted to | while general and selling £241.500.50. for the month was $210.703 86, and the October 1, 1 $1.039 “the menth, N ner with 7.8 per cent ust year. There iehines on the > month Certitieates. £100.000 17 expenses were The investment Net gam From Tor the s were ord books at Allotment Al have b amounts $500.000 of Treasury subscriptions the recent Treasu n accepted, subse over 100,000 und not over were allotted S0 per cent £100,000 the minimum sub- n: over $300.000 and not ex- ne $1.000.000. per cent ibscription for less than $300.000; $1.000,000, £0 pre cent. but not thin 00 on ove sub- seriptior he total subseriptions 000, of mondd. taok xurities o were exch or ptions for With s over 1 5 were § which this district. T $19,741.000, Treasury the amount of ized for the Prozram Commit full program ittee of the nvention of the I Association at chairman ucs T fifth trict Springs, is ert V. Fleming, J McQuade, George O. V B. Deyber, irank G. Add I Waller and Hillary A S no question as to the str this committee, composed six_vice presidents of leading banks aid one cashier. uble, strong men The appointments promise an in- teres program se on Hnt ob- avard Vietor . W ere of ot on, § rities. <ion on the featured by nal h eal local ¢ small sal ires at 600 Today's change of Rirgs Nat To 801 whilc Trust stock Capi in a small selling at 997 round 1ot common brought ton Gas ; Wiggly Sto <k zed . active odd lots way, numerous es Railway k. = list of inge yesterday in the rday Wigely fnated from the New York Stock This anr 6:20 ed £ ar t The sh e ng from T4% d £oi and dropping U lent was o m@nipulation that the governors eliminated it from the list. It would at buy a few days ago, liquidated an¥where ok plainly dh mear the top. United States Steel Report. nmon earne ed previous vear. Af ed dividend which nd the common dividend. ng th Share d paving Wwas car only part deficit of with a d and a sury During earried from current ink fund. in Liberty bonds. Cu D 21 000,000 was to sink- rent and i in the ! Decer was a decrease rities this be- comes The the cur: u_gain of advances Sheurities ni vear will tha during he very | Sturities owned employes the nimum Daily a - in Decem- with §4.60. num average the year ber, 192 pared December, 1 During ' th and purchase retired he company repe $126.700.152 and 9,500, UNIUN PRICES HIGHER, | * CABBAGES GO LOWER, 000 bonds money obligations were rted eash on hand deposits of i " { Tirst Day of Spring Finds Better Market for Potatoes: Shipments. the Assdciated Press. CHICAGO, March the fruit and vegetable market to spring, officially arriving today, was indicated by a declining cabbage market and a ng onion market, the United States bureau of agricul- | tural economies said today. ! Only an estimated 1,500 onions remained to supp niarket during ext six weeks, an_average of forty rs a day until th§ end of the season. Shipments during the week ending March 17 decreased 30 per cent from the pre- vious week, filling 270 cars. Prices in New York for midwestern vellows 4 astern stock advanced $1 to $1.5 hundred pounds, re- | spectively. Liberal stocks in St. Louis, Kansas City and Chicago | caused a slightly weaker tone in! those markets. i The season for old cabbage is drawing to a close. At New York | pan sh stock dropped from $5-$10 A ton and closed at §45 to $60. The Chicago market for Danish type, as of last Monday, was $45-350 a ton and $60 a ton week previous to that date. Shipmeunts of old stock de- creased to 206 cars and new stock to 241 cars. Delay in movement of the southern crop was believed partly responsible for advancing potato _prices. Al- though the supply was liberal in many leading markets, carlot ship- ments were 700 cars less than the ‘preceding week. Only tomatoes and mixed vegetables showed increased movement during ihe week under report. 21.—Reaction of cars of the old he n ENGINES USE MORE OIL. NEW YORK, March 21.—Consump- tion of fuel oll by railroad locomo- tives increased last vear over 4,000,- 000 barrels as compared with 1921, according to the American Petroleum Institute. Total consumption was 44,752,000 barrels, of which 32,700,000 was domestic and the remainder Mex- ican oil. In the preceding year 28,- 450,000 barrels of domestic oil were consumed and the consumption of Mexlcan was about the same as 'in 1932, Nearly half of the entire con- sumption was by railroads in the middle western and southwestern dis- tricts. In the eastern district only #34,000 barrels were used. . or of the | Rents | to | with | | routed ! Washington tas COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY | { ATLANTA, Ga. March 21.—The In- ternational cotton mills of Boston jhave purchased a site for a new tex- tile plant at Hogansville, Ga., and are contemplating erection of a 40,000 spindle mill. The Georgia Cotton and Export Company will build at once a 0,000-spindle addition to its plant at Cedartown TILTON, H., March American Woolen Company has pur- chased, subject to the examination of title, the Tilton mills, which make rain coatings and cap cloths. 21.— The i CLEVELAND, March 21.—One large company here making oil stoves, which has an extensive foreign trade, reported today that the plant is ru nin night and day, and that oper H s would be still further increased if workers could be obtained. : MARQUETTE. The timber industry” around Mar- Guette, which normally quiets down bout April 1. will be continued at full speed Tor several weeks owing to the heavy demand for products from all over the coun- Railroad men stated today they shipping orders which will re- l:‘h‘q» movement of timber well LA 2 . Mich.,, March 21.— wood Ltry have Yuire linto M PHI {pre- exceptionally heavy and {in the department store: rivaling those of the Ch DELPHIA, March 21.—The the crowds today are stmas sea- S FRANCISCO, Calif., March 21 Twenty ven ships of the Alaska ers’ Association re being c ed for an early start for Alaska waters. The first of the fleet, the ar of Lapland, Rest American sailing vessel afloat, will leave this & T. PADL:, rch 21. been ked by the eight railroads {serving the Twin Clties to direct that freight to and from his plant be d by way of the Minnesota transfer railway, so that all may par- ticipate in the 'business instead of | confining it to the St. Paul road alone. I BOSTON. March coal throughout New England is rather light, but stocks are small and the market is a trifle firmer today { With quotations at $9.50 to $10 a ton }f.o.b Boston. a rise of 25 cents in a | week. ! WHEELING, W. Va. March 21.— |Iron and steel plants report a slight |increase in operations this week. Sev- { eral units of various plants have been { placed in operation { . PITTSBURGH. i More blast furry tion M 21.—Demand for ng placed is blowing in the Rebecca ittanning. The Fannie and Ella West Middiesex will go in {April Land the art at S month later. = second Josephine {is being lightea. Sl {in black sheets for the second quarter {has been placed at $3.60. On galvan- Jized $4.75is being paid | — i Washington Stock Exchange SALES. | Norfolk & Wash. Steamboat o Riggs National Bark -3 at 600 National Savings aud Trust Co.—10 at 350, AFTER CALL m Gas Bs—$1,000 at 997, 10 at 220, Washing: 5 A ar 997y t 997 "4 at 10 at $9%, s . Caa | dury 10 at 997, at B 5 at 601 com._-100 at B, 3581,000 ar 98 5 and 6 per cent. BONDS. and Asked Prices. PUBLIC UTILITY., i R | Money—call toans, Bid 011y 9515 Asked. 92 by u? American Tel Tel. &1 ) 1615 costia and Potomae 5s...... 89 8015 a and Potomac guar. os. 89 8013 Telephone 07 L Telephone o 0315 95 Traction R, 23 o7y birban &4 88 o7 97 o7 Metropolitan Potomac Ele Potomnc E ot P deb. 65 D100 Pow. g. m. 6s... 100 Pow. g. . & ref. 7 Alex. & M. Vernon Wash'. Alex. & Mt. Vernon ctfs Wrsh', ‘Taifo. & Annap. s Washington 8. Wushington Wianh. Rwy Wash. Ky Wash.. MISCELLANEOUS. C. Paper M Rizgs Reult. Riges Renlty Storage and Wush. Mkt Cold Storage. Wardman Fark Hotel 6s. STOCKS PUBLIC UTILITY American Tel. & Telg: Capital Traction . 80 Steamboar . prd Norfolk & Wash Wash. Rwy. & Wash, Rwv & Terminal Taxi com. Terminal Taxi pfd. NATIONAL BAN Capital Colnmbin Commercial strict ... Farmers & Mochanics Federal-America Liberty 5 &tor TRUST COMPA) 2 Security and Trust. Merchants’ ational Savings Commerce and Savings. East_Washington. savings Street. States. National Union. . TITLE INSURANCE. Columbia_Title. Real Estate Title, MISCELLANEOUS, Columbia Graphophone com. .. I Columbia Graphophone pfd. Merchants’ Transfer & Storage. Mergenthaler Linotype . 0ld Dutch Market com.. 0ld Dutch Market pfd. Lanston Monotype..... Security Storage. shington Market Yellow Cal *Ex-dividend. SAW PROFITS SLIP. BALTIMORE, March 21.—One spec- ulator in Baltimore saw a small for- tune slip through his hands yesterday in the pyrotechnical performance of Piggy Wiggy Stores stock. He got in before the stock had got far on it upward flight of over 50 points, with 400 shares and thought he was ' lucky when he sold half of it at a profit of $1,000 in a short time. Then he decided to hold on to the remain- ing 200 shares to the limit and he did, the limit being near the low point on the late reaction, price down to $2.-He closed the day with a net profit of about $300 after having had in sight a clean profit of close to $10,000 for the day. STEEL STOCK SUBSCRIBERS. NEW YORK, March 21.—Up to the issuance of the 1922 pamphlet report of the United States Steel Corpora- tion yesterday 41950 of its employes had subscribed for 100,730 shares of the common stock which the company offered at 107 early in the year in accordance with its usual custom. In 1922 a total of 93,645 shares of stock were taken by 34,009 emplqyes. longer this er trade in this city has been | n- Shenango Furnace ' about ! arpsville | inage | i 10 Tlaus which carried the | THE |.C.C. GRANTS RIGHT 10 CLOSE RAILROAD Line in Richest Part of Illi- nois Does Not Pay—35 i Towns Protest. Receivers of the Chicago, Peoria and St. Louis railroad received per- ! |mission today from the Interstate .('nmmerce Commission to abandon | operations upon the entire line, which with branches Includes 234 miles of | | track, extending from Pekin to East {St. Louis, in southern Illinois. | Although protests against the sus- {pension of operations have been put | {vefore the commission in behalf of | the thirty-five cities and towns along | | the line of the Peoria system, the de- | ciston said that average annual losses | of $605.000 had xeen sustained in at- {tempting to keep the system in op- €ration, and that the consideration | given ‘to possible readjustments of {rates indicated that no altérations could improve its financial situation. | Equipment and roadbed had fallen into such u state of disrepair, it was $1,750.000 would be needed ely ‘to ‘make the road safe jfor continued operation. This amount icannot be raised by the receivers, the {commission found, and their petition to cease operations was consequent {granted The decision stated that the road ! traverses the richest agricultural ter- ritory of Illinois. and that it was| | possible that parts of its es might | | be operated to advantage, with the support of the populations and ship- pers concerned. Consequently the re- ceivers were authorized to arrange with the court having charge of the receivership to offe as a whole to any bidders willing to continue it in operation. 1If bide are | not forthcoming. sale by sections was suggested. | Failing in efforts to procure owner- 1 ship for the line by buyers who will operate it. the decision said, the court and receivers may consider them- selves justified in disposing of i {Tight of way. equipment and buil lings for salvage and junk at an price obtainable. | The Chicago., Peoria and St. Louis {is the largest railroad for which the i commission has ever granted aban- j donment authority, The Missouri and i North Arkansas. which receivers | sought to abandon two vears ago, has {been rehabilitated since with the aid j of funds advanced by the government. e — SHORT-TERM SECURITIES (Quotations furnished by Redmond & Co.) | ~—Noop — Bell Tel. Rethie Canadian Pacific Central Leather e coEat Chieago T 1 Du Pont I 6s 102 0 | Kennecott Copper 7s 19 § Libby, McNeil & Lib (M., 8t P. S. M Wal Union Denot 51 < Roebick & Co hwestorn Bell 76 Stundard il of Callf ! Tidew, Tnion Tank Car 7n 19 Western Union 6ts Westinghouse TREASURY CERTIFICATES. (Quotations furnisted by Redmond & Co.) ~—Noon.—\ Rid Ofter. 291318 29 11-18 99 1118 101316 101116 100 901 ML’ September December 1 June 13, 1 March_ 13, June 15, 102; December 1 March 15, eptember TDecember 1 5 September 13, 1923 15, 1024.° 1026, {418 Friey 4125 March Anxiety Over Study. From Judge. The two college juniors stretched ! and yawned. “What shall we do to- night?" said one. ! “I'll_toss up a coin for it” his chum replied. “If it's heads we'll go to the movi it's tails we'll call on Nan and F and if it stands on edge we'll study An Excellent Opportunity —is avaiiable for a high-grade first mortgage real estate hond salesman to make a conne. tion that will lift him out of the salesman class in a short time. Address in confidence Box 329-C, Star Office “Don’t Buy” Investments ‘Where your funds are not absolutely Invest your funds Gilt edge First Mortgage Notes and dismiss from your mind the thought of any losses We have on hand a limited number of notes in amounts of $250 Up to $5,000 Bearing 7 %o Chas. D. Sager 924 14th Loan Dept. M. 36_ Livermore & Co. Members New York Stock Exchange 823 15th St. N.W. d Wardman Park Hotel Main 2790 Col. 2000 e line for salej EVENING - STAR, WASHINGTO DIVIDENDS. Pe- riod. Rate. 1If You Beliove in the United States You Believe in Washington! % First Mortgage Notes Best Security Maximum Safety $100 TO $1,000 Pay- Company. able. Am. Surety Co...... Do., extra Am. Ex. Nat. Bk o Cent." Un. ‘Trust J; Dixon Crue. c t D. C. Heath Co. Hawaiian 8. 8. ¢ Kan. City 80. Ry. p Kaufman D, Stores Do., pf. B Lib. Steel Co. pfd’. Midway Gas Co. Do. I3 B NOY. T, Mtge Nat. Park Bank. Open Stairs D. Co. il ¢ 8% pt B Y VY I I LTI I T D, o pr AL G Spanlding Bros Do., Ist pfd..... Do.. 2nd pf. - extile Hanking Co. y 19 T Trumbull Steel Co. . T T g 27 20 i 20 we: [TV YIFIPIIIIIT IS estmorld Coat (o, New York Canners, Inc. The Largest Packers of Vegetables Outside of California Own the company making the nationally known Sni- de ketchup and chili sauce. This adds unusual strength and stability to an organization that also operates twenty of the most important canneries of the famous Genesee and Mohawk valleys, and mar- kets its products in 48 states. Its common _stock—com- bined companies—has bheen earning more than $6.50 a share on a book value of $42.00 (exclusive of good- will). Mortgage Money for New Building S. W. STRAUS & CO. largest investment hou America dealing in first mort- gages on improved city real estate, have funds available for construction loans to aid in financingoffice buildings, apart- ment houses, hotels and other importaht structures. Building and permarent loans are combined in first mortgage bond issues repayable over a long term of years. We prefer loans of $200,000 and up. Werite for literature. Ask for BOOKLET L | i S.W.STRAUS & CO. Incorporated. Officesin 4oCities. Established 1883 l STRAUS BUILDING i 41 years without loss ’ to any investor ! © 1923—S. W. S. & Co. | | Booklet describing scope and possibilities of the mdusiry wpon Crane, Parris &Aéo. 823 15th St. N.W., Washington Telephone Main 593. s 565 Fifth Ave.—at 46th Street New York = TAKE YOUR DOCTOR'’S ADVICE JOUR family physician, if consulted in time, will help keep you well. Keep you at greatest productiveness to your- self. Likewise, this investment banking house will keep the funds you accumulate pro- ductive to you. Keep them earning, con- sistent with safety, all that they should. Ozver a Quarter of a Century Without a Loss Regardless of the size of your invest- ment account we invite you to see us. Call, "phone or write. We specialize in FIRST MORTGAGES B. F. SAUL CO. Main 2100. 1412 Eye St. N.W. “SALESMEN” An established house dealing and Dividend-paying Preferred Stocks has an opening for in High-grade Bonds a representative in Washington and vicinity. preferred but not essential. perience In reply, state age, qualifications and at least three character references. Compensation based on ability, The Brotherhood Investment Co. 1314 Widener Building Philadelphia, Pa. {Owned and Operated by the Brotherhood of Locomotive Engineers NO LOSS TO ANY INVESTOR IN 50 YEARS TAX-FREE FEATURES Now is a good time to acquaint yourself with our Safeguarded First Mortgage Investments and their Tax-Free Features. They pay 6'2% interest and also relieve the investor of the 267, Federal Income Tax and the D. C. Intangible Tax of $5.00 a thousand on the principal. These features backed by our record for Safety, will appeal to you. Denominations: $1,000, $500, $100 Call, write or phone Main 6464 today for full information \ - ke F.-H.SMITH, CO. “\Dounded 1873 FIRST MORTGAGE INVESTMENTS 1414-1416 EYE STREET, N. W. 000 IARCH 21, 1923; _ If you have money to invest, we can safely Bl-cefiit fin gilt-edge first 3 ortgages. Our record of 30 years insures your protection. Courte- ous treatment. Percy H. Russell Co. S.W. Cor. 15th & “K” Sts. $25.000 | LIFE INSURANCE $26 a Month, Age 30 Eaxy Monthix Pavments Seeurity, $250,000,000 M. LE ROY _GOFF Insurance—All Branches 610 Woodward Building estate and household geods or chat-. tels. 7 per cent interest. .No brol sge oharged. Come in and let us ex. in our method of making small o ] Commercial Loan & Finance Corporatio Hoom 211, 921 15th B¢, NW. System Copyrighted & Patent Pending. income tax. It is one of the largest of its kind in the country, manufacturing cotton fabric for automobile tires, leather cloths, and other high grade specialties. 4 book value of more than $266 per share of FINANCIAL First Mortgage Loans Lowest Rates of Interest and Commission. Prompt Action Thomas J. C 3 £ E e EQUITABLE Co-Operative Building Association Organised 1879 434 YEAR COMPLETED Ansets . . 84,857 939.56 rplus ... .l.l!wl» Systematic Saving A plan to make saving easy— Save a little each pay day and you will be surprised at the amount accumulated In a short me. - Subxeriptions for the 84th Issue of Stock Being /Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON. Preaident FRANK P. REESIDE, Secy. Bemem:bm't- INVESTIGATE Something of im- portance to you as an investor is going to happen soon. The DISTRICT GUARANTY CORPORATION still accepting investment ac- counts on the basis of 112% earnnig. but for a few days only. is Becured by first deed of trust on real est Joseph 1. and dividends over common stock. This corporation has no funded debt. Ask About It Today! William B Westlake FISCAL AGENT Washingten - -- D.C. ~15'*St.ow. Tel.Main 6710 Money to Loan R B e S| . & Trow eller {78,755 & & o | Prevali Preferred Stock Investment Preferred stocks oi carefully selected companies may properly be included in a diversified list of investments. They give a comparatively high income return and dividends are exempt from normal Federal Such issues usually have preference as to hoth assets We recommend for investment: American Cotton Fabric Corporation Cumulative 7% Preferred Stock (Preferred as to assets and dividends) Price to yield about 6.93% preferred stock in net tangible assets is in cated by the balance sheet of December 31, 1922, adjusted to give effect to this issue. Net profits for 314 years to June 30, 1922, after deducting taxes at 1922 rates, aver- aged more than § times all dividend re- quirements on the preferred stock. A descriptive circular will be sent on request. Guaranty Company of New York WASHINGTON OFFICE: 811 15TH STREET, N.W. Telephone Main 5815 MAIN OFFICE: GUARANTY TRUST COMPANY BUILDING, 140 BROADWAY, NEW YORK O STATEMENT OF THE CONDITION of the LONDON AND LANCASHIRE INSUR- ANCE COMPANY, LTD., OF LON- DON ENGLAND, On the 31st day of December, 1922, as re- quired under the District of Columbia Code, ded June 30, 1902, and August 18, 1911, Cash in office Cash in baok Real estate . Stocks _and value) . Premiums hands of agents ..... Tnterest due and_accru Reinsurance due on paid losses ceeeee. 88,014,002 81 bonds (market coeiiee. .. 5.913,867.50 uncoliected and in 969.124.70 ©3,408.32 16,542.80 Total assets . LIABILITIES Net unpaid claims ........... $373.031.59 Reserve as required by Taw. . 3.606,638.04 Salaries, rents, expenses, . 254.800.00 '20,000.00 50,000.00 .. 3,700.583.18 Total lisbilities ...........$8,014,002.81 Character of business transacted during the vear 1922—Fire and marine. Amount of risk assumed Quring the vear 1922.....$502,434,248.00 1,786, Loten Gustained durin 382611673 xpended du P . 377480434 HENRY G. G. GRAY, Jr., Agency Secretary. Subscribed and sworn to before me this 20th day of February, 1923. (Seal.) GEORGE W. MASTAGLIO, Notary Public. WOLF & COHEN, Agents 518 Woodward Bullding ‘Washington, D. C. Commissions, Al other liabilities: ~Reserve for undetermined liabilities. Surplus . vear 1922 STATEMENT OF THE CONDITION 0f the FIDELITY-PHENIX FIRE INSURANCE COMPANY OF NEW YORK, N. Y., 1st day of December, 1922, as re- Taured Snder e Dintrict of _Cotimbia Code, amended June 30, 1902, and Augus 18, 1911, Capital ‘stock 5 $5.000,000.00 Capital stock pi ,000,000.00 ASSETS. $2,850.00 1,578,575.60 940,450,468 430,458.80 80,991.004.00 532,380.19. 1,913.264.37 287.704.89 Cash in office in bank . estate estate mortgages (Brst llen) .......... Stocks and bonds. value) (market Bills receivable ... ... Premiums_ uncollected and in hands of agents .......... Interest due and accrued.... AHA olher' aseets e e o monnt Tecoverable for re- insurance on paid losses. 144,508.88 Total assets . ..$86,820,785.23 LIABILITIES. Net unpaid claims .. Reserve as required by law Salarles, rents $1.860.968.18 15,302,028.02 Cash dividends remaining un- paid 2 Capital stock . All other liabilities: " Resorva for depreciation 0o buildings Income ta: withheld ut source (N. Y. state). Reserve for contingencies Total liabilitles ........$23,702,611.85 Character of business transacted during the year 1922—Fire, lightning, tornado, sprinkler leakage, fniand marine ocrar marine, automobile, registered mail, riot and civil commotion, explosion and other Ingurace as granted by charter. mount of risk assume 5 AT ving The year 1022...$4,259,438,300.00 duri Lowses - soatalned durifg ol the year 1922 ‘Money received during the . Year i g SOSOOMB0S b e S 15.044.480.04 President. @ ERNEST STURM, Secretary. B Nerived and sworn. lo before me this February, 1928 othodar, of eI TomxsTovs, tchester County, . W ired in New York County, X. Y. Clerk’ office No. 119; Register's office No. 300 WOLF & COHEN, Agents 518 Woodward Building ‘Washington, D. C. il TS STATEMENT OF THE CONDITION of the CENTRAL FIRE INSURANCE COMPANY OF BALTIMORE, On the 31st day of December, 1922, as re- quired under the District of Columbia Code, amended June 30, 1902, and August 18, 1911, Capital stock ... Capital stock paid up AT STATEMENT OF THE CONDITION ¢ the NEW YORK PLATE GLASS INSURANCE COMPANY OF NEW YORK, On the 31st day of December, 1922, as re- quired ‘under ‘the District 'of Columbia Code, amended June 50, 1902, and August Capital 8tock ............... $300,000.00 Capital stock paid up in cash 500,000.00 ASSETS. Cash in office ... Cash in bank Real_estate mortgag lien) $300,000.00 £1,038.11 '500,000.00 278,459.33 198,500.00 109,721.41 . cash ASSE Cash in office .......... Cash in bank . o Real estate .. e estate mortgages (first &nd’Bonds e 104.477.69 100,000.00 45.000.00 1,895.641.75 ) Premiums uncoliect hands of agents g Interest due and accrued . All other assets {market " bonds Total assets . LIABILITIES. Net unpaig claims .. . $49,000.95 Reinsurance reserve premiums 598,112.7 Salarfes, rents, expenses, taxes, ete. ... S 7000, Commissions, brokerage, etc.. 83353.29 500,000,00 00 82 Tuterest due and a other assets: Investment in ground rents Accrued losses re reinsurance . 20.774.22 23,145.79 Total assets LIABILITIES. a claims ........ required By Taw... Reinsurance premjums @=pital stock ... Total liabilities ... .....$1.119,101.05 Character of business transacted during the vear 1922—Fire, tornado and bail io- surance Amount of risk assumed dur- v 1022 +$85,551,484.00 ained during the 129,456.31 ey received during the 22 620,37.17 480,652.80 JOFIN P. LAUBER, President. CHAS. TT. ROLOSOXN, Jr., Secretars. Subscribed and sworn to before 9th_day of 1 (Seal.) Capital stock ........ AlL other liabilities: Federal, state, and other RER Surplus over all liabilities. . Total labilt! 32,001.971.81 Character of business transacted during the year 1922—Plate glass insurance. Amount of premiums written during the year 1922.......$1,188,561.86 th Bi000i $20.406.00 686,435, s | Losses snstained duri year 1922 . 350,557.98 Moner receir. 1 Fear 1922, total income. ... 1,385,308.16 Expended during the year 1822, total dishursements... 1.369.016.00 J. C. FRENCH, President. JAS. K. CLARK, Secretary Subkcribed and sworn to before me this 15th day of Januarr. 1923. (Seal.) ALFRED F. SCHAEFER. Notary Public. Kings County; certificate filed in New York County No. 401; New York County Reg- ister's No. 3398. Sl WOLF & COHEN, Agents 518 Woodward Building ‘Washington, D. C. F. WEIL, WOLF & COHEN, Agents 518 Woodward Building Washington, D. C. e —— T STATEMENT OF THE CONDITION Penn Mutual Life Insurance Company of Philadelphia, Pennsylvania On the 31st day of December, 1922, as required under the District of Columbia Code, amended June 50, 1902, and August 18, 1911. ASSETS. 28 Real estate ... ate mortgages (Arwt lien) nd bonds (market value) Collateral loa: 221010 3 Policy loans and premfum’ notes . Premifums uncollected and deferred . Interest and reat due and accrued sofi.2s Ssuasoh B Ssauvaz 2IEIINER b 2 Total assets .. ............ Net unpaid ciaime .. ..... 4 eserve as required by iaw = Dividends to policrholders due or decia Premiums paid fn advance -.... ; Interest and rent paid in advance .. Accrued taxes Reserve for mortality, real estate asset All other liabilities Total liabilities ............. 33382 238355 83333232 H fuctoation, other contingencles. g2 & Character of business transacted during the vear 1922—Life insurance. Amount of risk assumed during the year 1922........ $1,247,950.957.00 Losses sustained during the year 1922°,..... 11:277,835.00 Money received during the year 1922 85,220,745.53 Expended during the year 1922 41,001.254.88 President. SYDNEY A. SMITH, Secreta - Bubscribed and sworn to before me this 21st day of February. 1023. (Seal.) CHARLES E."KOOB, Notary Pablic. (Commission expirés March 1, 1983.) WILLIAM A, TAW, T. JANNEY BROWN Fifth Floor, Woodward Bldg. Tenth Floor, Woodward B Fifteenth and H Streets N.W. Fifteenth and H Streets N.W. GENERAL AGENTS FOR THE DISTRICT OF COLUMBIA WOLF & COHEN