Evening Star Newspaper, July 6, 1923, Page 19

FINANCIAL. —_—— An established finstitution ||/ that has not yet experienced || its full growth has decided upon the advisability of increasing its capital stock, and it offers to a limited namber of persons an unusual opportunity to par- ticipate in its prosperity. Thin institution has paid dividends on both preferred and common stock continuously since organ- tion. No brokers. Address Box 353-K, Star Office. BOSTON STOCK MARKET. BOSTON, July 6.—Following is a 1i of today's highest, lowest and closing | prices for the most active stocks dealt n here : o Let Us Manage Your Rental Properties —It Will Pay You To Do So RENTS Over a Quarter Of a Century Experience B.F. SAUL CO. Mortgage Loans 1412 Eye St. N.W. Phone Main 2100 Continental Trust Company Capital One Mxlhon Dollars 14l & H Streets 6.—011 LTI IIII iz shares SN ST EQUITABLE Co-Operative Building Association Organ:zed 1879 434 YEAR COMPLETED Assets . sa750.762 ||| Surplus 207,281 || Cultivate the Habit of Saving 1f you would save with the best results, join the Equitable and save systematically. Subscription for 85th Issue of Stock Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON. Preaident FRANK P. REESIDE, Seey. Money to Loan ANY AMOUNT Reasonable Charges on Trade Acceptances, ‘Warehouse Receipts, Manufacturers’ Accounts, Short-Term First and Second | Mortgages or Approved Collateral. American Finance Corporation Commercial National Bank Bldg. Bider Corpn . Franklin .. Hood Rubber Isiand Creek . Isle Rovale . W BALTIMORE, July 6—Last week's Received by Private Wire Direct to The Star Office Movement on Pennsy Lines Largest | fell "orr, Hiok, * L, Glaws 196 hogs Pric Am Te o . s 20 YEW YORK, July impgoved tone. . axie 129% | ment made public last night by the|comparison with the good and com- Boston & Albany. week because of July 4. tHRY the general buying power back |as Indiana Pipe Line. South Penn Ofl, Prairie Pipe e transportation « depart. | common, 5.00a8.00; good common, 8.00 where it was up three ment showed that during May the |, ane red, 28.00a42.00; fancy, 43.00: SesEtg st nl s o GRICEPeR 5313 on what apparently was short April average, which ranked as the|ypner ‘Country, air-curled. ,,,,,,,.m,,,' their share of the recovery. notably equivalent to an increase of more|packages from 1 to 3 per pound of-offerings from outside sources, and e Bars . 4 FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, FRIDAY JULY 6, 1923. NEW YORK CURB MARKET NEW FREIGHT RECORD. | LEAF TomAcoo RECEIPTS. . aryland leaf tabacco receipts 1l O, being only” 231 hogsheads, while sales totales only e 3 Ahmeek . R S ) e heads. ¥Y WILLIAM F. HEFFERFNAN., |served to give-the market a decidedly | Alloues . - BB 17 17 PHILADELPHIA, July 6.—A state- held fairly firm, but medlum' grades have been solling too high in ook e ot R e | Arisoes ot ’ 9% | Pennsylvaniz rallroad system an-|mon tobaccos. 2 - an advance of two points or more in | Arizona Com : % 2 - k I:hare the ;mornn on the curb ex- ‘|n\perlll On’of ‘Canada, and ‘smaller Bostis & n nounced that the previeus high rec-| . The market is closed tiis entire pREe today. - Whenl it was shown |upturns were recorded in such lueies| yieics Fievaces', ord tor trelght movement over its| Maryland prices per 100 pounds— dard of . lines had been broken. A report by |Inferior and frosted, 4.00a4.50: secon _©f the market had picked up consid- | NE4TS, TUP x#?fufi"dofiu?na Gas s the erably, shorts in the oils began to|touched 180, % k- al8.00; medium, 18:00a28.00: goodl cover. bringing about adva: of a|points from the Thursday closing. average mileage per car per day was o BY oiit mite ot Standard of Indiana was bid up above increased by 8 per cent over the|jgconds commen to, medium. 008 covering. best previous performance. The in-|gfouna Geaves, new, 3.00a23. . Durchase stocks at the higher levels. | South American oils came in for crease in mileage is estimated to be|” N. B—Unsound and badly mixed Rather 4 v ather there was a steady absorption | (o o1e” Syndicate. which was one of than 21,000 cars available for service. |lower. | the most active low-priced issues on s el ssteelanlints ol lme. coupled with the short covering, Mayflower O the board. v IVIDENDS. At the north pole the wind can Hiaian Inveatmest oo D! s'_ bjlow only from the south, as there, 4 sied ¥ 3 ve no Nat Leather FORTR N north, west and cast can ha North Butte existence. Ce Am. Light & Trac.. Q@ 1% Aug. O1a icouny Am. Lt & Trac. stk Q@ 1% Osceola Pacific M Am. Lt & Trac. pt- Q 147 Quincy Stock of Tecord. July 13 = uly 13 Juis 14| 2] July 31 July 16 July 1 July 1 July 20 July 14 July 20 Jue 30 7 Mountain Prod .... 2 Mount Gult 68 Mutual Oil vot 10 New Mex Land 11 Peer Oil Corp 7 Penn Reaver O 4 Pennock Ol . 8 Koy Can Ol & Ret 5 Ryan Con ... 5 Salt Ck Cons 51 Salt Ck new ®EW YORK, July 6.—Following is an official list of bonds and stocks traded fn on the New York Curb Mar- ke}, toda BONDS. High. Low. new ‘33 .. 108% 1037 1 Am Gas & Elec 6s.. 021 923 10 Am Lt 65 w't war'ts 101° 101 4 Am Roll Mills 9305 98Y WAm T & T 68 ° 1008 onda 65 . 1003 Am Ol 10214 3" Ar & Co of Del 5ijs. 86% 8474 25 Asso Sim H'd'e Gl 96 2ALGEWISS 3 gty 13 Deaverboard S . T Sales in ousands. Home Furniture Firestone Tire Rubber 8% pf.... Firestone Tire & Rubber 7% pf k wift Internat .......... 5 17% 10 Santa Fe 0 & Trinity . o et 1 i Sedoard 011 - HEEE S [BHemseinas xiat 10 Southers P & R.. 4 8 8i . 8713 | Kel Wheel pf. of Sou States OU Ventura OIl . AR 2633 | Ottum. Ry. & Lt.'pf Q 1 13 “':-n'\ll;‘ o g_.xgrm g ::fl. ::: ix:rlrénlh Ru.)“ll‘ pr Q 13,7 E July 18 50 W o7 a8 E r ceeees 1% t Ining - % 21 Wileox Ol & Warren Bros . . ceee 28 8 :!‘; 1 ?nn:; 'mnn 1..‘: e e —_—_— & Elec. of... June 30 1 Allied Packers new. 1% A favor to a grateful man is de- i 1 Amer Stores new lightful always, to an ungrateful | s sg:: :lao“?l;i,d4 man is delightful only once—when AL Sicorme the favor is being bestowed. iy Borden & (o pfd. 2 Bridgept Mach 2 Brit-Am_Tob Cou 8 B'klyn City R R... 2 Buddy Buds . 1 Chicago Nipple . 3? (n‘»lorlflo Por & Lt. ictograph Prod. 3313 7 Dubilier C & Radio ‘g“‘ 5 {:\fi:ln‘ Mot of Ind. 91y ette Safet 2 2 rar T Dam gk 3 . Total loans...... Heyden Chemic 13 2. Overdrafts. unsecured, $506.06. 3 Hudson & Man R 815 . U. 8. government securities owned: 8 Hudson Co pfd ... a Deposneu to secure circulation (U. S. § Harox Cory par value) .. : i % r, Contl Rubber b All other United States government securities 4 Keystone Sole A 1~;u.’..m e eath (including premiums, if any) Midvale Co 3 Nat 8up Co of Del.. NY Tel Co pfd Peerless Mot . 23 Radio Corp ... 18 Radio Corp pfd 2 Repetti Can 13 Reo Motor 2 Roamer ... 3 Switt & Co 1 Timken Axie 9 ob_Prod Exports. 31 1Tn Retall Cangr v, 30 1 Un Sho Mach Cor pt 28§ 408 Lt & Heat. 1 White Rock Mn Spr MINING 20 Am Commander Min .02 Arizona Globe Cop. .20 5 150 Belcher Extens ... .05 FOR s 60 Hoston Mont Corp.. .13 ether 6s. 3 Butte & Western.. 11 12 Canarlo Coprer . 15 40 Candelaria Min ... .07 1 Con Cop Min te of 30 Cork Prov Mines 13 Con Organized in 1814—Washington’s Oldest National Bank 3% Paid on Savings rom $30 to $300 on D. household_goods _or ' chat T et cent intereat. No brokerage charged. s explaln our method of making s loa 'Commercial Loun & Finance Corporation Room 211, 921 15th St. N.W. System Copsrighted & Patent Pending. Breeding maggots for fishing bait E is an important industry in the west | of England. Special Dept. for Ladies Bond Dept. Checking Accounts of modest size Invited ) Trust Dept. 1 & Churconl Co Am o1 OCR Ners s DL X8 1 Cons Balt 66 A% 10 A Cons Textiles 8. 04l H1 Detrott ity Gax 6a 00% 908 Dewrojt Edison Gs. 100" 100 {2 Dun Tire & Rub 054 11 Federal Sugar 6s * 263 s Fisher Body 6s 986 3 Fisher Body 6s Ny 4 Fisher Body 6 063 ot Galenn_Sig Oil 10815 3 (.rundo‘ll'ru;-Ll s . 104 2 il of Pa 9. : Sl Hes 194 lid famoq om0 v a5 qnd L0 MoX Tawod SASTIAIN Money to Loan Becured by first deed of trust on real estate. Prevailing interest :m;. ;vmmhln‘lug..r £ Joseph I. Weller §30 Waih ' &% REPORT OF THE CONDITION Of the McLACHLEN BANKING CORPORATION. Washington, in the District of Columbia, at the close of business June 30, 1923 RESOURCES. . & foans snd dis- connts, _including rediscounts, ac. ceptances of other Travelel’s. Checks, Drafts and Letters of Credit REPORT OF THE CONDITION OF THE LIKCOLN NATIONAL BANK ‘Washington, in the District of Columbia, at the close of business on June 30, 1923, [{3 All” Of Our First Mortgage Investments are placed on the most com- servative valuation; never has one of our clients lost as much as a single penny in either principal or interest. We collect and remit interest the day due, furnish insured title certificates. Can accommodate investors with amounts of $250 up to $5,000 or more, bearing 7% in- terest. ““Invest in firsi mortgages and be safe Chas. D. Sager Loan Dept. } L 92414thSt. { 3 RLSOU RC S { i |« | i i bonds Safe Deposit Boxes at Moderate Rentals National Metropolitan Bank Capital, Surplus & Undivided Profits Over $1,700,000 15th St., Opposite U. S. Treasury—109 Years Old $120,000.00 674,554.50 Total ... 794.554.50 . Other bonds, stocks, securities, etc. Banking house, §114.420; furniture and fixtures, $9,250 Real estate owned other than banking house.. . Lawful reserve with Federal Reserve Bank. . i banks. and . Cash in vault and amount due from national hlnkl .83 fl:""n ills of ex . Amount due from state banks, bankers and trust companies in e the United ‘States (other than included in Items 8, 9 and 10) it e th T ek . Exchanges for clearing house. lexcept those | Checks on other banks in the same city or town as reporting shown in b and c)$7" bank (other than Item 12). Z Total of Items 9. 10, 11, . b Misccllancous cash itéms, $100 s 100.00 . Redemption fund with U. 8. tr e 2 LU s treasurer . 6.000.00 owned . - e Other bonds. ..$6.592.861.87 s{%} 1 Pub Serv +'T Pub Serv E 13 Solvey et -8 Routhern Cal F 100,308.56 43.137.48 Total loans 12 and 1. . Overdrafts, unsecured, $07 government Tn Ry of Hav Valvorine Ol tiex, etc. . Furniture and tures . : Total HARRIMAN & COMPANY | | Members New York Stock Excl\ange 111 Broadway, New York A e LIABILITIES. 45 Mexic STLITIES. T Republic of P T Russian Gort 3 10 Russ Gost cfs Shus.. 10 I Russ Govt 6tas cfs.. 97a 1 Swiss Govt Blgs.... 100% STANDARD OIL ISSUES, $300.000.00 300,000.00 194.491.78 113,500.00 16,980.11 . Capital stock pald in . Surplus fund .... esea . Undivided profits. . $194.49 . Amount dve from sta bankers and trust compani nited States (other than included in item 10) . Chiecks on other banks in the same cits or town as report ing bank Total of T c Checks on hanks Jocated out of city or town of reporting bank . Other assets—Remodeling ac- count ... =33 - . Circulating notes outstanding.. | Amount due to Federal Reserv . Amount due to national banks..... . Amoun® due to state banks, h.mkers the T.nited States and foreign count in Items 21 or 22) . . Certified checks outstanding.. Cashier’'s checks oumlamlmg 1001, i 10 Ema Shcer 200 Fortuna Mines ... ~20 Goldfleld Develo, 200 Goldfleld Deep Stin 32 Goldfleld Florence. .50 90 Goldfield Jackpot 20 Hardshell Min 10 Harmill Divide 1 Hecla Mine ... 1 Homestake Ext 5 Howe Sound . 20 Independence Lead - 10 Tron Blossom - 3 Jerome Develop ... 1 3ib Cons Sates in units. 00 Anglo-Amer Oil ... l!‘a 100 Atlaptic Lobos . aga Continental 01l pew 1« 0 Cumberland P L o, WASHINGTON OFFICE COLORADO BUILDING Telephone, Main 1603 G.B. CHIPMAN. Resident Partner 1l$134,282.85 Demand deposits (other than e deposits) subject to re- serve (deposits payable within 30 days): . Individual deposits subject to check.. 21 Certificates of deposit due in less than thirty da\s (other than for money borrowed)....... 3.9 Fokak . Dividends unpaid - i : 2 Total of demand deposits (other than bank de- 17. Capital stock pad in posits subject to reserve, Items 26, 27, 28, 29, Surplus fund 30 and 31.. 3196228248 . Undivided profits Time deposits sub ble after 30 daye or subject to 30 da Other time deposit 2 o Total of time deposits subject to reserve, Item ™ sios 32, 33, 34 and 35. ... .$3.257.904.76 Demand deposits (other th Bills payable (including all obligations reprpsemlng money bank deposits) borrowed other than rediscounts). ... 300.000.00 parable within 30 d 44. Liabilities other than those above stated. 400,00 | 3 Tnividual deposits Total of demand de (othier depneiter | fre £840,255,.99 e ‘deposits (pavable after or subject to 30 ‘or more. motice) and poatal savings: 31 Certificates of deposit (other ‘than for mones borrowed) 33 Other time deposits ... Total of Hme deposits. When any issue of bonds com- mands a market value in excess of the price at which it can be | redeemed, it is logical to assume that the issuing corporation pos- sesses the financial standing and credit to refinance the issue at a lower rate of interest. Those who buy such bonds run the risk of an carly call of their investment, and its refunding at a lower coupon rate. Prospective purchasers should, therefore. realize that. if the yield to the earliest redemption date is lower than the current rate for short term securities, vestment for income only can probably be better made in another issue. “300 Humble 0 & R new ©0 Illinois P L i 850 Imp Oil of Can %0 Ind P L ) Inter'l Pet Co Ltd ) Ohio Oil new . Prajrie 0N & Gas. 14400 8 0 Ind 40 Southern P L O N Y pew iming .00 4 Ray Hercules inc. 110 Rex € B 10 Rochester Siiver 11 Salida Mines ... | ¢ 5 St Croix Cons. X a 10 San Tn 2 : 101, 10%| 10 Sl Min 1 1 Silver King Cons 130 Spearhead Gold items 0 Ohio ... cunm Ol mew Sales’ INDEPENDENT OIL STOCKS. iz hundreds. 3 ' Barrington Oil iy 5 Caxib Synd ... i Cltiew. Service ... 3 Cit Serv pfd . fi s T 5 il 3 3 Tono Extension Derby 0 & B w 10 19 United Eantern Bncineers Pet ... 08, o zgnuedrh]ndp ‘Mines. nity Gold ...... 'ed“Er:(\" oil o ‘}‘ l".:l'h e D‘ A ctory Div Min "% OF B 2 Wenden Copper ' Hudson Oil 30 West End Cons 3 Interstate Rosalt 10 West Ttan %0 Keystope Ranger. ukon 4 %0 Lance Creek BUSINESS AT GLANCE. 2 Livingston et Xfi Lyons Pet ... afaeeaitol Gl NEWARK, Del.. July 6.—The United e ane Cannery Company is preparing for the biggest season in the canning of tomatoes northern Delaware has ever Exch gxperienced Farmers of Cecll county, Md.. an New astle county, Del Washington Stock Exchange | M. 552, Rev, Coitle, Gootthaben SALES. for which they will receive $13 a ton | Baitimore and Annapolis Ss— |and more for prime product. | CHARLOTTE. N. C.. July 6—Rapid | » i progress is being made with the con- struction of the new mill building and Total ... ..$6.592,861.87 ‘Washington. Dillnc\ nl \n]umhla I. ALBERT S. GATLEY. vice president. bank, do solemnly swear (hat' the sbove statement is true to the best of my knowledge and bellef. ALBERT S. GATLEY, Vice Pres. Cashier. Subscribed and sworn to before me lhl: 5th da: 1923. (Seal.) JAMES A. SOPER, Notary Public, D. C. Correct—Attest: FLOYD E. DAVIS, HENRY T. OFFTERDINGER R._A. DORE. RGE_C. PUMPHREY, 31 and 33 -.$448.432.45 LEROY W. HERRON, D. SULLIVA} 38 Bills parable (including sll ob OR WADE, Tigations representing mon an in- cashler of the above- namfdi ] items PETER LATTERNER, TA S. DANA LINCOLN, . HAZED borrowed other than re H. R NORTON. Directors. Total Distriet’ of Colnmbis TOHN A. MASSIE, treasurer o aimed bauk. solemnly sw tement I8 true to the best of wy kiowl ‘cge and bellef. JOHN A. MASSIE. Treasurer. | Subscrihed and sworn to before me this ulhl { aas of duls, 10 d.' £ N M. McLACHLEN. First Mortgage Loans Made On Improved Properties = LANIER P. McLACHLEN. (Including Residences) ¥R HORNER. In the District of Columbia Tabuks H. E. BITTIN MeLACHLEN 5%% Interest | ... N TERNATIONAL EXCHANGE BANE ‘Washington, in the District of Columb; at the close of business June 30, 1923 RESOURCES. . 2 Loans and discounts. iucluding redis counts. = accept ances of other banks, and_foreign biils of exchange or drafts sold with indorsement of this bank (except those shown In b and c).$434.354 Some investors evident- ly regarded Standard 0il of California 7% bonds due in 1931 as an attractive invest- ment recently, when they were selling at 105 yielding over 6% to maturity. But the announcement of their redemption on August 1st at 104 meant for these investors a loss in principal greater than the interest to be re- ceived up to the call date. Their investment yield wasactuallyaloss. HARNEY. T Reasonable Annual Curtailments Required Loane for Less Than $50,000 May Be Paid in Whole or in Part at After its redemption has been an- nounced. a high-coupon-rate issue very often sells fractionally abore its call price, in order to conform with the prevailing rate for short term securities. Thus a 7% bond which is to be called ab 100 in three months® time would probably sell at 100%2, or on about a 5% basis, at the present time. The investor, therefore, who desires to take ad- vantage of the higher yield available in longer term issues will do well to exchange the called bond without waiting until the actual redemption date. In such cases, to postpons actien is to speculate on market™| prices as of the call date. $434,354.T 10.41 100.00 loans unsecure.. government “s10.41 City and Suburban = 7 Georgetown Gas 1st % Mfetvopolitan R. R. O ist 58, Potamac Elec stocks, securiti 2.338.27 daniacton, 2000 at 70 s1000 at 0. B at T at 48 2 at45. | cost about $5000,000. The mill site Tanston Monotrpe—10 at esting development _ enterprise is 1 Tract $500 at 97, $300 at 7. Gl [ cluding the organization of the Fiori- i : develop the property for a Norse col- Bid and Asked Prices. iy American Tel. & Telga. ds..... 91% 62 BUTTER PRICES HIGHER. AmteTel, & Tel. conv. 6 14 1;3 3t $ e - i extr 24, 35158361 firsts Main 6888 912 15th Street ordinary firsts, 20a | U. 8. firsts, 23 z ete. Dot Flec. Pow. & s t from national banks Ver, ctfs.. Waoh, Alex & M Ver, cifa.. in the United States (other 2 20,5414 Wash. Rws Total of items 10, $64.342.39 R hingion Rws. & Elec, 45—$2,000 at 701, Wardman Fark Hotel fs bleachery for the Pacific Mills of Bos- Washington Rws. & Elec. pfa.—10 at TU%. | (o FG0 T vlan™s C. The plant will Thington Gas Ligh : e ineurance. (oD 8t 10 consists of 00 acres of land 5 L. BOYNTON, Fla., July 6.—An inter- s 1 d for thi tion by Prof. Al ashington Gas Ligh 10 at 48 | planned for this section .by Prof. Al- Ambing o8 Ons s fred Minos, of Christiana, Norway. in- Moy Cail loans. 5 and 6 per cent. cluding the organiz the ay Colonization Company. The com- BONDS. pany has purchased 640 acres and will | . PEGHES TRAISY a0 A Any Interest Period Without Charge Tel; & Teiga, 473820 . tin & Potomae ‘5x a5 creamery extras, 13; standards, & Potomac sus extra firsts, u.,u,m of ¥ 2 LB Rl re -,.321‘“1' 653 Total ROe ioe e ceipts. 15.653 cases; Loan Correspondent for the Ovedraris. miscellaneous. 21a21%: storage Prudential Insura pan: i pack extras. 24a24%: storage pack | i urance Com, y of America . Other bond . Furniture and fixture - Cash in vault and Pot. Elec. Pow. E. A t due from st; Wash., Alex. & M hankers, and trust com Wowh. Balto, & Annapolis ; . han included in it 10).... Washington Gas . = \u Exchange for cleating house. ... F AL The National City Bank of New Y. e Nauon 1 oI INéW X Or and Domestic and Foreigi Branches MISCE 1. C. Paper Mfz. 65 Riags Realty 58 (lon Riggs Rea {short) Seb Rtge. & Safe Dep. 65.... Ty Sk, Cold Storage Bs. Miman Park Hotel 6s. STOCKS. PUBLIC UTILITY pmerican Tel, & Telgs. 1 Traction “A"fn‘,.m.. Gax Wash. Steamboat. . 11 and 12....... Checks on banks located outside of or town of reporting bank and other cash items... . Other assets: due from foreign banks ....... 119.636.49 Accounts recei 4.880.00 Otiser assets 64.05 6%% and 7% UR First Mortgage Investments will pay you 6%%and 7% over a period of years when interest rates in all prob- ability will be much lower than they are at present. 2,514.85 Condensed Statement of Condition as of June 30, 1923 Toon) e LIARILITIES. Capital stock” paid In. - rAIlul fund..... . ‘'ndivided profit & eserved for inter- and taxes A b Difference ova CAPITAL, SURPLUS and UNDIVIDED PROFITS $91,526,528.55 ASSETS CASH in Vault and in Federal Reserve Bank . $34,653,678.5¢ Due from Banks, Bankers and United States i 79, 96 l T i com. e e s $164,637,275.55 WAy s 468,866,436.42 Treasurer . . T Loans, Discounts nnd Auephncel nf Other Banks United States Government Bonds and Certificates $83,557,886.69 State and Municipal Bonds . . . . . . . 12156,2227.95 oo mh; ot Tntesastional Bankias Corporatios £:300.000.00 'wners! nternational Ba orporation ,000.00 Other Bonds and Securities . s ._63.966.351.86 Bank Buildings . . ~ Items in Transit with Branches . . Customers’ Luhhty Account of Accepuncel Other Asscts Amount due to national banks. mount due to state banks. bankers. and trust companies 4 iu the United States and for- Ie our practice to eign count; her than i 2 {ikded in Tteme 21 or 2. " advise our clients ertified checks outstanding.... promp!l_v whenever a redemption is an- K . Cashier's checks m:‘ll(lndhxl. 170,730,466.50 i 2% Yo' S1e. 2 sossn0.ar nounced that concerns them. Ard it is often e © possible for us to point out opportunities of 264.101.59 oty st 510,05 realizing more than the redemption price Check Loz et for certain issues, and i Total of 'demand | deposits (other to recommend holding or disposing of them. These investments bear our unqualified recomunendation----a recommendation that huzs back-gf it a record of no loss to any invesior m{fl) years. “CoRimbin Commercial District Farmers & Mechanic Faderal-American subject to ...... 260,883,358 Denominations: $100, $500 and $1,000 Federal, State and D. C. Tax-Free Features Cash or Partial Payments TRUST COMPANY. American Security & Trust Continen! Merehants’ Natfonal Sarl TOTAL s than bank depos 1ts), ftem 23....$289.883.58 Time deposits (payable after 30 days, or subject to 30 days' or more notice) and postal savings: 1. Cegtificates of deposit (other an for money rowed 3. Other time deposits Total of time de- LIABILITIES Capital = $40,000,000.00 oo - « o o 45000,000.00 us . . . m‘fidd Profits . . . « o« .__6.526.52855 Acceptances of Other Banks and Foreign Bill Sold with our Endorsement ‘ . Acceptances Outstanding P B . $28,264,101. Anuxpuad by Cmenn: e'.c“m & o, ga,é?sfi a = SAVINGS "BANK. : NO LOSS TO ANY INVESTOR IN 50 YEARS Commerce and Savings.. Joast Washiugton. Loourtty Savings and Com. Seventh Street. | Unitea states. Washington M v e v o - . . posits. items 31 and 83. .. $230.044.98 8. Bills pavable (including ail obli- gations representing money borrowed other than $ 91,526,528.55 662,201,325.01 49,032,201.62 30,506,176.59 2,112,295.00 Call, write or phone Main 6464 today for our Current Offerings Booklet ke F.H.SMITH CO. othier " than ted: GRAHAM. PARSONS % Co. m Katna " Usioa TITLE INSURANCE. Colymbla_Title. it *Seamehip tickei Bmdl!eflvwnd . b 5 Ttea) -Estate Title. 4 MISCELLANEOUS. bla Graphophone com..... f’:{“ bis \-rll!halvll e pld b :}:; .lhfler Linotype. 06 Dutch Market com. [0id Dutch Market pfd. 7.1n9ton Monotype. 5‘!3 Ity Storage. lugton Market 3 o “cab. *E3 dividead, Reserves for: TO’}'AL'...,- L 5,034,877.38 «m om . 557883217 » 1,958,000.00 Accrued Interest and Unearned Discount $ 3,072,110.32 Tnu.udAdeme(uma . Caunumdu o e - 13,685,819.87 o] Total . $707, 5086 District of Columbia, CI(.Y of Wi nluglan 1, HENRY C. BACK, cashler of 4 \ammed bank, solemniy swear: that the ‘above tt-leunt is true to the best of m; 10d belle! HENRY C. BAC . Inw lll sworn to before me of Juli BNJAMIN ROBINSON, Notary U."m"A(l.ll . Schiavone. H. L. 0ffutt, Jr L ¢ Marhicr, o o Taua, 405 Hiess BLDG. WASHINGTON Philadelphia New York Reading Harrisburg Pittsburgh Scranton Trenton Camden Baltimore SMITH BUILDING . Sounded 1873 FIRST MORTGAGE INVESTMENTS 815 FIFTEENTH ST.