Evening Star Newspaper, April 12, 1923, Page 28

FINANCIAL. NEW YORK CURB MARKET . Received by Private Wire Direct.te The Star Office. RAILWAY COMMON ENTIRELY NOMINAL Held at 67 1-2, With 66 Bid. Look for Developments. Aggregate Deposits Table. ¥ | BY L A. FLEMING. The pulse of the local Stock Ex- change was slightly below normal this morning, but &till the undertone was one of firmness, although conservative traders, with small use for the violent fluctuations of yesterday and Tuesday, prefer to wait the return of the normal Defore executing trades. Railway common, the skyrocketing stock, was entirely nominal—no pres- sure to sell, with holders asking 671, ‘while buyers held off with 66 the best bid. There are llkely to be develop- ients of imporiance in the next ten days or less in connectlon with rail- way common, The feeling in finan- cial circles is that a compromise 1is yossible, even desirable, to be reached n agreement as to the Po- Jlectric Power Company's valuation. utility commission 1s ad- mittedly without funds to make the needed valuation. Washington Gas &old at 50. Lanston at 77. Bonds moved slowly and if any- thing a little easler; Georgetown uas bs. 87; Waghington Gas 5s, 95%. Not Borrowers' at Reserve Bank. The Chatham & Phoenix National Bank, Chase National, Public Na- tional, American Exchange, Guaranty Trust and the Farmers' Loan banks of New York city are not borrowers at the Federal Reserve Bank of New York. Many other institutions may be only small borrowers or entirely free of such indebtedness, but the big banks named have at times been Leavy borrowers. The National City Bank is a debtor, £14,000,000; Bank of Commerce, $30,000,- 000; First National, $53,000,000; Bank- ers’ Trust, $10.000,000; National Park, £6,000,000, and Harriman National, $3,510,000. “ Borrowings are only about 50 per cent of those of one year ago. There are several banks in Wash- ington, members of the reserve svs- tem, who are not borrowers at Rich- mond, and have not been since the cloge of the liberty bond and note campaign, when practically every in- stitution eng: in the selling cam- paign was forced to borrow to carry their customers Boyd Taylor Honored. Loyd TFaylor, for ny cars as- sistant treasurer of Washington Loan and Trust Company, has been honored in his election as 'vice presi- dent and secretary of the same corporation, filling the vacancy oc- casioned by the death of the late Thomas Bradley, vice president and trust officer. 123d Dividend Declared. Directors of #he Washington Loan and Trust Company yesterday de- clared the 123rd regular quarterly dividend of 213 per cent, payable May 1, books closing between April 23 and May 1. Chapter Dates. ates for examination of classes of shington Chapter A. I B. have been axreed upon as follows: Element- April 17; commercial law, andard banking, April 4 instruments, April 27, d standard economics, May d. Mr. Bolling at Desk. E. Bolling, first vice presi- dent of the Merchants Bank and Trust Compsny, was at his desk this morning, for the first time, and will hereafter be found on duty during banking hours. Bolling, who is no stranger in shington, has found it rather difi- t to close up matters in New York, n his connection with the Chatham und Phoenix National, of which he was vice president. He was the recipient of many eo: gratulations this morning from fricnds who have been anxiousl iting his return to the Nation ‘apital. — Washington Stock Exchange AFTER CALL. Georgetown Gu: Lauston Monotyp Wushin Washinzto . SLiK0 Rolf cul: BONDS. and Asked Prices. PUBLIC UTILITY. B, 91 997 B Asked. 2 American 102 A, Am? Tel. & Tel. conv. Bs....on.. Anucostia & Potomue s ... Anacostia & Potomar gusr. Ba.. © &1 “Teiophone 5 . & P Telephone of ¥ Capital Traction R. R, ity and Suburban x. L Alex] & Mt Raito. & 25 Realty Ttiggs Realty s (shor ~ Storage & Rafe Dey IWash. Mkt. Cold Storage Wardman Park Hotel STOCKS. PUBLIC UTILITY. Aztbricun Tel. & Telga pital Tractlos Washington G Sorfolk & Wash, Wash, Ry Wash, Ruy. & E Terminal Tax) Terminal Taxi pfd. NATION Stewmboa Capital Columbia +ommercial District o Parmers ‘and Mechunics’ Federal-Amcrican Nutional Metropoiitan, RIRRS ... TRIST COMPANY. Trust......... 328 nental hunts’ merce and Navings Washington Wushington M FIRE INSCRANC remen’s o Jattoual Univn... i TITLE BY WILLIAM F. HEFFERNAN. NEW YORK, April 12.—The small amount of selling that occurred in today’s curb market was short lived and confined itself principally to the olls. It was evident that the liquida- tlon of this class of stocks on Wednesday in response to announce- ments of further price cuts had pret- ty well been completed. After reaching slightly lower levels today the market generally gathered strength, and active up-bidding went on in such stocks as Standard of In- diana, Vacuum Oil and & number of others that had suffered decline of the previous session. Prairle Oll and Gas, among the higher-priced stand- ard oils, crossed 220, while Maracaibo, a speculative favorite of the Ind pendent group, rallied well above 19. Southern States, which had held com- paratively well during the recent break, went higher on reports of the bringing in of a 2.000-bsrrel well on the Reeves property. NEW _ YORK, April 12.—Following is an official list of bonds and stocks traded in on the New York Curb Mar- ket today: | BONDS. High, kera Ox.. 8% ckers Bu . 7735 Ts new °33.. 108 Am Lt 6s w't war 101% Am Sumat Tob Ties 98} Am Roll Mills 6s.. 90 Am T & T 68 '24.. 1008 Anglo Am OIl_Ties 103 Armour & Co 7& Ar & Co of Del Biga AtG & WISS 3 Reaverboard s Bath Steel T & Reth Nteel Ts '35, . Can Nat Ry Eq 7a Cent Nteel s ... Col @raph 8s par cfs Con ‘Gan Bait"Ta. Con Textilen 8n. Cuban Tel 73, Deere & Co Tign..... Detrutt City Gas 6a.. Detrolt Edison 6. Dunlop T & R 7 Low, [ - aBrabrebennascBass e Secn ] Ohio Power 68 B Penn Power & Lt . Phila Elec 64 ...... Pub Kerv of N'J 7a. Shawsheen s ...... Sheilleld Farms 61,8, Southern Cal Y78 ¥ 18 et yne Coal 6s... FOREIGN BONDS. Ring of Nether 6s.. 9% 09 Repubiic of Peru 8a. Russian Govt 8148, Swiss Gort 534s..... 102 Sales STANDARD OI, 18SUES. in_units. 200 Anglo Af_O1 100 Atlautic Lobos Buckese I L . 10 Chesebrough Mf; 15 Crescent P L . 35 Cumberland P 40 Gal Sig 0N 400 Hum Ofl & T Imp Oil of Can. Inter'l Pet Co Li Magnolis Pet Nat_.ransit N Y Trausit Ohio Ol new ... Prairie 01l & Gay Prairie P L .. South Penn Uil S 0 Ind S O Kansas new.. O Ky s SO N Y new . S 0 Ono ... 8 W Penn P L. 3900 Vacuum Oli new... 00T 49% Sales INDEPENDENT OIL STOCKS. in hundreds. 60 Big Indian Ol 1 Calit Pet 2% Carth Syndi 8% Clties Service ..... 168 Cities Service ptd. Cities Service B cfs Creole Syndlcate . Fquity Pet pfd Engineers Pet Federal Ofl . 1 1 145 2600 [ 100 20 200 55 10 17300 300 1100 2000 10 Independent Kevstone Ranger . Lufsyette Ol Livingeton Pet . I Pet Mammoth 0fi Mariand Marnes o OIf Mexiown Ol ... Mex PRouco. Mount Prod.. Mount_Gulf.. WESFR mar Ol & Gas. Peer 0ll Corp. Penn Beaver Oil, Pennock Ol .. Roy Canad O & R. Ryan Con...... Santa Fe 0 & G. Supuipa * Refin. Seaboard Ofl. 3 > e Ben mogieain FFEF L O L S & Turman Ofl...... West States O Wileox Oil & G T ol BaBuBlBowa 5 5 Amal_Leather. Am Drug. Am L & Tract... Atlantic_Fruit [ Ransick Alemite Co Bridgeport Mch .. Brit-Am Tob Cou.. Brit-Am To Co Re Buddy Buds ...... Car_Light Cent Teress 2 Centrifug_Tron Pipe Chicago Nipple ... Chi 8t Wheel pi Col tias & Kl mew Col Carb Co vot cf Curtlss Aero .. Cuyamel Fruit DL & W Coal.. Douglas Perf ... Durant Motor ... Durdut ot of Tnd Foundation Co Glllette § R Glen Alden Coi Goodyear Tire ... Hanna M A 7 pe pf Heyden Chem ..... Hydrox Corp .ou... a1 Tobaceo .. d Rteel ...... Inter Contl Rubber. I T &T... Inland Steel pfd... Lupton F M....0.0 Lncey Mfg Midvale Morcer Motor ... Mercer Motor A... Mercer Motor_rt Nat Bup Co of Del. New Fiction Pub Co N Y Canners w .. Onyx Hoslery . Oselda_Corp Paige Motor Prima Radlo Co.. . Pub Ser N J pt w i Radio Corp . Radio Corp Repettl Candy Reo Motar Rosenbaum G Schulte Stores. ... 8o O & T. Springfd Body Corp Stuts Motor . Techaieolor Tne Timken Axle B S ERFFEEE P BT e G 383 5 & 13 38 15 o8y 287 [ 15 8 2% 2% 9% ] 3% a1 10434 | | £ JOPQINTI O ) peid Brares Boran e Un Pft Shar new.. olmgbia Titie Real Estate ‘:&' umbia Graphophone com Yhecbants' Tranafer & Storage. 00 1 Dutch Market prd. shington Market. MASONS GET $12 PER DAY. i $12 a day for their work. Their WISCELLANEOUS, ufilumbia Graphophone pfd. DG T SR T S rgenthaler Linotype. . Duteh Market com. .10 nston Monotyps nrity Storage. low Cab ... > dfvidend. DALLAS, April 12 (Spectai lon bricklayers here now are receiy. demand for $1 advance above the e of $11 haw been granted 2 Un Retall Candy. United Bakerles . U 8 Lt & Hent. U 8 Distribut .. w Coal_ Willys Corp 1 pf ¢'d MINING. Alaska Brit-Qolo. .. Arizona Globe. Cop, Big Ledge ........ .02 Butte & Western. .. verns Copper . Caoario fopper ndelaria Min o Bxt Mines || umble Fmerald.. .63 Con Cop Min tem ef Cons Ney Uteh ».. . Copper Uanyon ...l 150 Cork Prov Mines.. .11 Corter Bliver ...... 89 Crackerfack Min .. (04 12 Cresson_Gold T Crown Reserve < Dolores Eeper A feature in the afternoon Wi break in Mammoth Oil stock in the face of steadiness in most of the other olls. Much interest was taken in the new issue of International Telephone and Telegraph. A bleck of 50,000 shares of the common stock was offered to the public at 68% a share, and it was reported that it has been oversubscribed. Announcement that directors of Ray Hercules Mining had acted upon the proposal to increase the 'par value from $5 to $15 brought about active trading. If this plan is accepted by stockholders application to list the new stock on the big board will fol- low. Operations for the rise In Schulte were renewed, the shares advancing 2 points Lefore the rise was checked with dealings on a larger scale than at any previous time thiy week. Cuy- amel Frult was another thatadvanced substantially. Dublller, a recent fa- vorite, ran into realizing sales for a time, but these were easily absorbed, after which the stock got back to its recent high. 3 Dryden Gold . 40 EI Ralvador ... Emma Silver . Eureka Croesus ... Fortuna Mines . Forty-nine Mine Goldfield (ons GoldAeld Jackpot 1d Coln Minin, Tl Top XNev Hollinger ... 3 Hecla Mine Tomestake Ext Howe Sound Independence Iron Blossom Kerr Lake Knox Divide Lone Star Macon Valley . Mammoth _Diy McNam Cres Dev. Mohican Copper ational Tin abob_Cons New Cornelia . New Domin Copper New Jersey Zinc.. 17 Y Porcupine . evada Ophir ... evada Sl Horr Ntxon Nevada ... Nipisaing Onlo Copper Ray Hi Lewd . Balida Mines . 8t Anthony Gld Mn . Sandstorm” Kendall. San Toy . Ril Kg DV Stlver King Cons Silversmith, Mines Simon Stiver ... Spearhead Gald | Eteward Mines . Success Mines .. Teck Hughes ... 30 Temiskuming Mined 10 Tonopah Belmont. . 10 Touopah Casi Boy. 152 Tonopah Divid Tonopah Extension. Tonopah Jim Butler .06 ‘Tonopah Mising. TUnited Eantern. United Tmpl Mines. United Verde Ext. U S Continental.. Ttah Apex........ West End Consol.... t End Ext.... Wettlaufer Sil..0.0 Wiltert ... YVictory Divide Min, Yukon Alss tst cf Yukon Gold... REFINED SUGAR HITS NEW HIGH Record for Year Reached Today. Other Wall Street News in Brief. 2 £ 180 80 By the NEW s0ctated Press. YORK. April sugar was s0ld in the local market | JanU4r today at 9.40 cents a pound, an in- | damaging crease of 10 points and a new high record for the year. Cable reports say British refiners, who are heavy buyers in this marlket, also have ad- vanced sugar prices. TWith the demand for steel at a high record, fear is expressed that the shortage of labor muy result in a de cline in’ production. Unfllled tonnag reports in future will furnish littl indication of the condition of th busineys, it Is rald, because the Indus- try is refusing thousands of tons of new business. A slight faliing off in fron and stec exports {s reported for February, when shipped, as compare: tons {n January. Ofl from Mexico in March upproxi- mated 12,201,000 barrels, an increase of more than 2,000,090 barrels over Eebrusty MEuves, when 9,708,133 bar- rels were exported. March shipments averaged 393,580 barrels daily, a gain of 43,826 barrels over the preceding month, CHERRIES BRING $6.25 PER POUND t Shipment From California aches New York—Onions Ar- rive From Egypt. g E Special Inspatch to The Ster. . NEW YORK. April 12.—The sea- son’s first shipment of fresh cherries from California arrived today and consisted of nan elght-pound bok. which was sold at the fruit auction | for $50. The cherries were white and | of the Jean D'Orleans variety. The; were packed In paper cartons, con- taining one pound each. Barreled apples were In moderate supply. The demand was moderate for fancy large Greenings. York A grade two and one-half inch Baldwins ranged from $4 to $5.50 per double-hieaded barrel, and Greenings from $4.50 to $7.00, with one car of extra fancy selling at $7.25. A shipment consisting of approx- imately twelve carloads of onions was received from Egypt. Very few sales were made up to a late hour. The receipts of old erop onions from New York as well as from other state were moderate, with the demand ver light and the market generally duil. The receipts of old crop white po- taties continued Itheral, with most arrivals from Malhe and the western states. The market heid firm, par- ticularly for fancy stock, with the de- mand moderate. e HMARKET BAN ON RADIO. NEW YORK, April 12.—Use of the radlo to broadcast market information or forecasts of business by its members is prohibited by the terms of a resolu- tion adopted by the governing commit- tee of the New York Stock Exchange. ‘The resolution prohibits also broad- casting by wireless of any matter in- tended to advertise firms of members or to sthnulate Interest in particular securities or the stock market. . Broad- casting of quotations is permitted, how- ever, under certain regulations. —_— CAR LOADINGS SOAR. Loading for revenue freight for the week epded March 31 amounted to 938,725 cars, an increase of 21,689 over the preceding week; 116,917 in excess of the total for the same week last year and 276,564 over the total | two vears ugo. As an_indidation of the present abnormal volume of frelght offering the report of the American Railway Association points out that a level of 935,000 cars is not usual until early fall Loadings in- creased . for all commodities except conl.” New { CROPIS PREDICTE Biggest Shortcake on Record Expected by Bureau of Agriculture. April 12.—Indications that the nation’s strawberry short- cake this year would be the largest on record were reported today by the United States bureau of agricultural economies, Statistics on early shipments and acreage In the berry-producing flelds showed that this year's crop, in all probability, would exceed last years record output of 18.740 carloads, not including numerous express ship- ments and vast quantitles consumed locally or manufactured into pre- serves and jellles. The six leading states in 1922 were Tennessee, with 3,600 cars; Arkansas, with 2,200 cars; Missourl, with 2,050 cars; Maryland, with 1,630; Loulslana, with 1,540, and North Carolina with 1,100 cars. Forecast of production in Florida this year i nearly 9,000,000 quarts, or 110 per cent more than last year. Car- lot shipments to April 7 were 907 cari almost three times as many cars as came from Florida all last season. Damaged somewhat by frost, the crop in Loulslana may not greatly exceed that of 1822, when nearly 21,000,000 quarts were picked. Shipments to date are thirty cars less than those of the early part of last season, filling only 205 cars. Prices have fluctuated this season with the supply. Florida Klondikes at the end of last week were around 40 to 45 cents a quart. The low point was reached during the middle of February and the high point of 75 cents the last of March. As supplles Increase the price is expected to de- crease. Potato shipments from Florida have been retarded greatly by frost dam- age, the movement this season total- ing only 59 cars, compared with 581 to April 9, 1922, “Shipments of old potatoes Increased 400 cars, bringing this week’s total movement of old and new stock to 6,000 cars. Prices declined at shipping points, but were stronger in eastern citles. COTTON ADVANCES IN TI:\'ADING' TODAY " New Crops Much Stronger Than 0ld in Market at New Orleans. By the Associsted Press, NEW YORK,, April tures opened fir 28.85; October, 26.90. January, 24.95. Yesterday's declines were followed ¥ & decidedly firmer tone in the cot- ton market during today's early trad- ing. Liverpool was again relativeiy firm, while the weathér map showed heavy ralns in western and central belt rections, which threatened fur- ther delays to the new crop start, and the market here opened firm at an ad- vance of 14 to 36 points on covering, 2.—Cotton fu- May 29.235; July, December, 25.40; | trade buving ard a fairly active com- 12—Refined | 25.70; October, 2 ¥ i i i misston house demand. NEW ORLEANS, April 12.—Cotton opened steady, May, July 0; December, 25.15 24.96. What many sections ernhalf of the belt calle rains and prospects that the wet weather would extend into the eastern belt put the price of cot- ton sharply higher today. In the first half hour of the session the uc- tive months rose 29 to 54 pointe, ay trading up to £6.05 and October up to 2 New crops were much stronger than the old. P S — FOREIGN EXCHANGE. April 12, 1923 (Quotations furnished by W. in the B. Hibbe & Co.) al Loudoz, pound.. Montreal, dollar... Taris, frane. Rrus % |an_investigation. Znrich. fraze. Judapest, Prague, Wareaw, Copentagen, Christiana, Stockholm, crown crown. crown TODAY'S PARIS MARKET. PARIS, April 12.—Prices moved ir- regularly on the bourse today. Three per cent rentes, 57 francs 60 centimes. Exchange on London, 69 francs 85 centimes. Five per cent loan, 74 francs, 50 centimes. The dollar was quoted at 15 francs 14 centime. KEPORT OFO?H:E':CON]“TXO:\' WASHINGTON AVINGS BANK, At Washington, in the District of Columbla, at the close ‘of business April 8, 1925, ESOURCES. 1. & Loans and discounts, including redis- counts, acceptances of other bunks, und foreign bills of ex- o oz drafts, with indorse- (escept those shown 2 b snd ... Totul loans . 5,500.00 185,401.25 50,100.00 £3,686.20 ing hiuse, $43,000. ture and fixtures, , $5,100.00, Cash in vault and amount from national banks Amount due from state 5 bunkers and trust companies in the United States (other tian inciuded in jtem 10) Total of items 10 11 . $61,071. Clecks on banks iocated cutaid 0f cliy or town of reporting bank and other cash items. 7.186.27 Total . et TIABILITIES. Capital stock pald in. Surplus fund .. gy Undivided prodts ... '$i4,818.82 ¢ Less current ex- Denves, Interest and taxes paid .. 9,584.36 . Certified checks outatanding... . Total of item 23 . 1,962.12 Demand depostis (vther than bax deposits). _ (Deposits payable xithin S0 days): ividual deposits: subject Tieck ... Total of deman bank Time dep duys, or subject to 30 days' or imore uotice) and postal sav- ings: tes b deposit than for mioney borrow: Other time deposits Total of time depos 31 and 33 : Total . .$568,210.08 District of Coi ington, es. I, WM. M. PHELAN, president of the above. named bank, solemnly swear that the above statement is true to the best of my knowledge and belief. WM. M. PHELAXN, President. Subscrited and sworn to before me this Sth day of Apr.l 1928, Senl) . JAN. T MARR, Notery Publie. Correct—Attest: Geo. B, Bryan, 3. D. Leonard, John M. Trant, James F. Brennan, 3. Redmond Walsh, §. J. Venabls, Jéseph B. Jacebe John R. Brown, ? Joseph A, Daly, Directors. & Selling checks | For the first time in the history of more than made up f’flr ;flhe );‘GI" in- Washington, the deposits of local|come tax payments in March. banking {nst'tutions, in the aggre- | AS 40 evidence of the prosperity - that has mariced banking business in Bate, reached the $200,781,667 mark | Washington for more than two years on April 3, 1923, as shown by re- the heavy deposits are more or less Sponses made to the call of the con- concluive, JorE ase troller of the currency for that date. | month: when $5.000.000 will & The greatest total before this date month, when $5,000,000 will go out in final payments of taxes, real, personal Was $188,600,313, reported December 29, 1922, and intangible, May will see another great increase resuiting from the week of the Shrin- Dividend and interest disbursements for January, February, March and April were reasonably heavy, and had ers' convention, and a new high rec- ord will in all probability be made. been only partially reinvested. They NATIONAL BANKS, The following figures were complied by Audley Savage, with the National Savings and Trust Company: Deec. 20, 1922. April 8, 1928. ,150,424.20 8,008,711.75 1293 TUT5T Bank of Wi Columbla . Commerciai District i Farmers and Mechi Federal-American Fraoklin .. Liberty Lincoln . M shington $186,300.22 96,563 1 2,650.970.68 179,270.74 8,857.13 $6,654,177.05 BAVINGS BANKS. $352,985.66 840,454.13 200,282 21 47, 486,62 1,027,958.66 184710054 American Commercial and Sa Anacoatia North Capitol Northear Becurity and’ Commercial Beventh Btreet . 2 Terminal Commercial and nited States . gton Mechanic Washington Savings .. Woodridge-Lacgdon Totals 78,202.85 $28,880,107.28 TRUST COMPANIES. ,561,042.08 $26,388.318.55 8,452,924.88 3.433,848.60 4,631,688.08 4,960,088, 10.281,634.50 8.517.598.50 202378160 wvreeneee American_Security . verenee $2,086,375.47 $16.577.68 125,134.88 tioaal ‘Savings . Unlon Trust . Washington Loan ... Totals .... . $64,700,061.60 RECAPITULATION .. $97,648.928.67 $104,008,103 26,356.325.69 28,380,107 . Trust companies Totals . CRUDE OIL OUTPUT STILL ON INCREASE By the Ausociated Press. NEW YORK, April 12—The dally average gross crude oll production of the United States Increased 33,700 barrels for the week ended April 7, totaling 1,942,150 as compared with 1,908,450 for the preceding week, ac- cording to the weekly summary of the American Petroleum Institute. The daily average production east of thej Rocky mountains wam 1,222.150 bar- body gciting on cntered his friend's rele, ac compared with 1,203,450, an!office. To one clerk he put this qu increase of 18.700. California prodac-|tion: “What is your pursuit in life tion wase 720,000 barrels, as compared| “That,” said the clerk, who was a with 705,000, an increase of 15,000 }commuter, “depends upon w. barrels. iam coming or going. IU's the 6:35 in According to figures collected by the | the morning and the 5:40 train in institiute, the imports of petroieum |the evening.” (crude and refined olls) at the princi- pal United States ports for the month of March totaled 8,637,000 barrels, & dally sverage of 278,613, compared with 7,221,951, a dally average of 257 926 barrels, for the month of Februar: Imports for the week ended April 7 totaled 1,669,000 barrels, a dally aver- age of 224.143, compared with 1,875 000, a dally average of 267,857 bar- rels, for the week ended March 21. WRECK BLAME FIXED. I. C. C. Says Lack of Ballast Caused Derailing of Train. The faflure of officials in_the traci department of the Nashvlile, Chatta- nooga and St. Louls rallway to pro- vide sufficlent ballast at the point on its lines where a passenger train was derailed February 26, near Calhoun, Ga., was chiefly responsible for the {accident concerned, safety inspectors {reported vesterday to the Intersiatc |Commerce Commission after closing Two persons wers killed and thirty-four injared in the accldent TR (Quotations furn! ! ASURY CERTIFICATES. | ished by Redmond & Ce.) ——Noon.——— l ate—Maturity, 71a. % Juoe 15, 1 4 September 15, September 13, s*" December 15, Ly March 15, 1624 %s June 15, 1824..... o Beptember 15, 16241 | 4%s Murcn 15, 1 | 4535 June 15, 1025 | 454 December 15, 1625, | 3% March 15, 1u24. .. 445 September 15, 1926 4iys December 15, 1027 His Pursuit. From Pearson's Weekly. The man who wanted to 5es every- W2 002732 ¥ 15-16 100 132 w1116 19% o 15-16 100 1-82 101116 101518 1007 01 %716 £96-15 ity FOTTO BEPORT OF THE Cc AMERICAN COMMERCIAL AND SAVINGS BANK ‘Washington, in the District of Columb) 2t the close of business April 3, 1 RESOURCES. ead dis- including ot of othes nd foreign Dills of exchange ot drafts sold _with {ndorsement of this bank (except those shown 1a b and c).$886,457 | & Loans * counts, rediscou: ncces ks, | i | | Total loars Other bonds. es, ete. . = . Furnifure and fixtures, 4 Real estate owned other banking house ........... . Cash in vault apd wmount d from national banks .. unt due from statc banks, pd trust compunics Unfted Ntates (other than included in item 10). Exchange for clearing houd of items 10, 11 of city or towa of reporting bank und other cash items... Other assets— Tellers' overs and shorts. Auziltary basks “securt- 7365 than ‘stocks, REPORT OF THE CONDITION T THE BANK OF COMMERCE AND SAVINGS, At Waehington, in the District of Columbis, at the close of business April 8, 1923, RESOURCES. 1. aLosns and dis- counts, includ- ing_rediscounte. acceptances of other banks, and foreign _bills of exchangeor dratts, sold with indorsement of this bauk (ex-/ cept thove showa aband o).... 382 Total loaus . rdrafte, uneecured 8. government securities owned 5. Other bonds, stoc) etc. 8. Banking house, 000 niture and Axtures, $9,099.89 8. Small steel banks .. ..... 10. Cash in vault and amount from national Total of item 10 ..$192,316. 14. Checks on banks located out- side of clty or town of re- porting bank and other cash items ... : 16. Other asset: Total Total ..... LIABILITIES. Capital stock paid in. Surplus fund . . Undivided profits . cLess current e onses, interest and Tazes baid .. 17,619.16 Amount due to state bank: bankers und trust companies in the United States and for- eign countries (other than iu- cluded In item 22). : Certified checks outsd [ Cashier's checks outst Toral of items, 2 Demand bank arable 1vidusl $526,224.48 5.89 (other _thas deposits). (Deposics within ‘30 days): eposits subject 245,704.55 67.849.90 209,009.59 19077 162,316.05 . 108 check B Certificates ot dcposit due i less than 30 daxs (other tha or woney_ borrowed) demand deposits ' (otiie: bunk deposits), Item 167,104 s (puysble aft s, or subject to 30 days' otice) and post 2 deposit (other borrowed) Other time depoxits - Total of time deposits, item: 31 and 5. - $138,308.00 Liabilities o bove ment on banking site to ,125.00 dar 12.080.01 o 13,580.00 14,805.85 Tk 148104.67 LIABILITIES, 7. Capital stock paid & 18] Burplue fund.... 10, Undivided_profifs Reserved for in- terest and tazes accrued Tota! ... $628,395.11 District of Coiu ty of Washington, I, ROBERT C. SHAW, cashier of the abov oamed bauk, solemnly Fwear that the above statement Is true to the best of my knowl- edge and bellef. ROBERT (. SHAW, Cashier. Subscribed and sworn 15 before me this 9th day of April, 1923 Seal) 'LEO ¥, JUDGE, Notary Pub! Correct—Attest: Edward Volgt, J Richard B. Owes, Robert Maruhall, Frank s 8,280.23 $44,233.84 cLess current ex- Denses. interest and taxes paid. 21. Amount due to na 22] Amount due to stat bankers and trust companies 1u the United States and for- elgn countries (other than inciuded in items 21 or 22).. 28, Certlfied checks outstauding.. 24 Cashler's checks outstanding. . Total of items 21, 22. 23 und T $42,655.41 depost emmnd (other than D‘lfl:{ deposits). (Deposits 23. Ins ayable within 30 days ividual deposits subject to Coptifeates of dépostt’ das’ in 28 e han 30, days (other tha for money borrowed) 29, Dividends unpald ... Total of " demand " deposita (other” thay Dank depoeit), a e T 20 2 wes.e0.00 Time ‘deposits (payadle after T daye, or subject to G0 Qay'st mors sotice) aad postal Ings: 1t t deposit (other 8L e tan for, money. porrowed) 35. Other time ‘deposits Total of time deposi! LIRS e an thoge . Lisbiiities o e aated (i B A Checks) 11,810.03 82.423.61 17,575.30 H.. Clark, A._Cantywell, Wm. J. Armstrong, Wi, . Benjamiu, Ttobert C. Siww, . Bernard F. Garvey, M. M. Doyle, George E. John VY. Farran, C.G. Otwell, A. B. Clarke, U. G. Cunningham, CITIES SERVICE SECURITIES Bought, Sold, Quoted THOS. W. BRAHANY & CO. Investment Securities 510-11 Evans Building 'Washington, D. C. Main 6189 S04e07.42 7 30 i 60,268. ces. LOANS From. $100 to m D. C. real estate_and household goods or chat- tels, 7 per cent interest. No broker- . Coms in and let us ex-. H.‘h our method of making small pmmercial Loan & Finance Corporation Room 311, 031 15tk Bt. N.W. System Copyrighted & Batent Pending. Total & .$1,568,778.04 District of Columbla, City of Washington, ss.: 1, JOHN M. RIORDON, cashier of the above- nmed bank, solemnly swear that the above | statement I8 true (o the best of my knowl- and bellef, £ JOHN M. RIORDON, Cashier. Subecribed and sworn to before me this 10th 11, 1823 Richard L. Elllott, Gus A. Knee XA Jeese Hl:y . Mayer, Dizeeters, | . Sanders, Jonn M. Riordon, Clasenge &. Weaves, | 2. FINANCIATL, men's clothing, dry goods, millinery and other wearing apparel are at record levels throughout the south and w and give indications today that they will remain so for some months ENTIRE COUNTRY | " Y | PITTSBURGH, Apr!l 12.—Steel pro {dgcflunhtodxy is at a :‘l:z go ,p;r”Ce * ATLANTA, Ga. April 12.—Indica-|300Ve the average attained in 1512 « 1912, the re.or vears {before the wa tions today are that the latest supply | o 0 TeUTd yearsjpetore o~ of calcium arsenate purchased by the| SHARON, Pa, April 12.—The Stana. |ard Tank Car Company has received state agricultural authorities for sale | grders for more than 500 tank cars mall lots to cotton growers ‘will | cost about $1,250,000. ‘Within a morntn COMMODITY NEWS WIRED STAR FROM e 1 : be exhausted this week, necessitating | the company has booked orders for 1,6: the purchase of another large quan- > > tity by the state. of-mine stears coal in small lots to HOUSTON, Tex., April 12—The day is difficult to place at 32 & tor, early vegetable movement from the | Some of the mines depending upon ops lower Rio Grande valley is now in | market are having difficulty in kee full swing and fifteen to twenty cars | 1ng In operation. Coal has been shi a day are moving north. The ship- pod to the docks for shipment by lake. ment {ncl: carro | = udes beets, taicanbmaali oo B i and e | Overlund 'shipments for OAKLAND, Calif., April 12.—The |month totaled 20,277 cars. Hayes Wheel Company will establish | a Pacific coast factory, And t 18 €X- | pected it will be located here. C, D. A Good Place to Have Hayes, president of the company, has | been ' {nspecting several proposed | Your Rental Property Cared For sites here. Experience and Efficient Service RENTS B. F. SAUL CO. Mortgage Loans 1412 Eye St. N.W. Phone Main 2100 PITTSBURGH, Pa., April 12—Run. beans. LYNN, Mass.,, April 12.—Inoming or- | ders to the General Electric Company | plant here today are well in excess of last spring’s business, but the company, hile " increasing production steadily, still has considerable of its plant capac- ity unutilized. April 12 —Manutacture | wholesale distribution of shoes, Money to Loan Large Amounts Business and Investment Properties Lowest Rates Prompt Action WEAVER BROS. 735 15th St REPORT OF CONDITION Of the American Security & Trust Company At Washington, District of Columbia. at the closs of business April 3, 1922, RESOURCES. 1. a Loans and discounts, including rediscounts. acceptances of other banks, and foreign bills of exchange or drafts, sold with fndorsement of this bank (except those shown in b and ¢)§ Total loans Overdrafts, secured U. S gover . Cash in vauit and amount d ok Amount due from state banks ers and trust compar in the United States (other than included in item: or 19) S = o Exchanges for clearing hou 5 Total of items 9, 10, 11, 12 and 13... Checks on banks located outside of city or tc bank and other cash items.... Other assets . w Total .. { Capital stocic pe! Surplus fund . Undivided profi a Reserved for accrued e b Reserved for clerks’ pension fund. teserved for dividend..... 18, 19. $1,065.883.52 ¢ Less current expenses, interest and taxes paid 281.50 and trust companies r than ia- . Amount due to national bank Amount due to state ban 1n the United States and foreign countries (oth: cluded in items 21 or 22 e “ertified checks outstanding Treasurers’ checks outstanding. ... Total of items 20, 21, 22, 23 and 24..... Demand deposits (other than bank deposit able within 30 days): ¥ Individual deposits subject to check Certificates of deposit due in less tian 30 da for money borrowed).. 29. Dividends unpaid gy 30. Other demand deposits (trust deposlits). Total of demand deposits (other ti: deposits), item 27, 28, 29 and 30....$13,940, Time deposits (pay or subject to 30 days or mora notice) and pc : 31. Certificates of deposit (« 3. Other time deposits........ Total of time deposits, items 31, 82, 3 5. Unlted States deposits (other than postal savings) Includ ing war loam deposit account and deposits of Un States disbursing officers. 43. Liabilities other than those above sta: B s). (Dep ted. . Total rict of Columbia, city of Washington 1. CHARLES I, HOWE, treasurer of the above-named bank, solemnl: iDlsl > swear that the above statement is true to the best of my knowledge an CHARLES E. HOWI » to before me this 10th dav of April, 19 ALBERT H. SHILLINGTON, Notary GIO. W. BROWN, G. PERCY McGLUE . BOYD, REESIDE JAMES GREEN, JOHN ¥. WILKINS, ALBERT CARR JAMES ¥. SHEA, Directors. Treasurer. 3 M. REPORT OF CONDITION Of the !NATlONAL BANK OF WASHINGTON At Washington, in the District of Columbla, at the close cf business o: April 3, 1923, RESOURCES. .$5,872,023.95 1. a Loans and dlscounts... 2. Overdrafts, unsecured . 4 U. S. government securities owned: 4 Deposited to secure cireulation (U. o par value) : e . -$1,05 other United $tates government securitics cluding premiums, 5 23.9 s, bonds. 1.90 Banking house, $45: furniture and fixture: Real estate owned other than banking house. ul reserve with federal reserve bank Cash in vault and amount due from national b Amount due from state banks, bankers and trt the United States (other than included in items &, § . Exchanges for clearing house... G Checks on other banks in the same bank (other than item 12). Total of ftems 9, 10, 11, b Miscellaneous cash items. . Redemption fund with U. S. treasu. treasurer Other assets 574,546.9 639,220.4 banks. . Total LITIES. LIABI Capital stoclc paid in. Surplus fund ..... Undivided profits b Reserved for building an ciation Ll 4210,074.88 epre- $0,500.00 o Less current expenses, intereet and taxes pald Circulating notes outstanding.. Amount dué to national banks Amount due to state banks, bankers an the United States and foreign countries (othe cluded in items 31 or 22 r than in Certifled checks outstand ding. Cashier's checks outstanding. Total of items 21, 22, 23, 24 s Demand deposits (other than bank deposits) s eserve (deposlts payable within 30 days): Individual deposits subject to check 5 Certificates of deposlt due in less than 30 days (of money borrowed) e . Other demand deposits Total of demand deposits e ct to reserve, items 24, 27, E;’s““ Co ... $4,718,015.16 Time deposits sub, ve (payable after 30 days, or subject to 20 days’ or more notice, and postal savings): Other time deposits............oee Postal sx;\'h'\gs élnpos‘ltu.. e ime deposits subject to rese: Tota‘ll ST ceceee.-. $3,352,846.64 Bills payable (including all obligations representing money borrowed other than rediscounts). : Liabilities other than those above stated $77,277.87 ubject to 4,509,480.02 . 18,000.00 &' (other than bank de- Sl iy rve, items 900,000.00 284.08 Total . S $12,002,096.72 City of Washington, District of Columbia, es. I W. WALLACE NAIRN, cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. W. WALLACE NAIRN, Cashler. Subscribed and sworn to before me this 10th day of April, 1923, (Seal.) EVERETT H. PARSLEY, Notary Public, D. C. Correct—Attest: CLARENCE F. NORME . BRANDENBURG, W. FORSBERG, B0, L, STARKEY, ?A: TRIMBLE, W. CLARENCE MILLER, LEVI WOODBURY, CHAS, LINKINS, iEQ. P. SACKS, 5. J, CALLAHAN MAURI HARRY NORMENT, MAURICE F. FLYNN, JDELL §. SMITH, 7. THILMAN HENDRICK, ODELL S, SMITE, sl IO T