Evening Star Newspaper, January 6, 1924, Page 24

FINANCIAL. i Partial I;Jynw 3 Pleases W. R: & E. Employes ‘Carmen Studying Benefits—President Firm on Tax Cut—Ancerican Tel. and . Tel. Makes Fine Showing. While the profit-sharing plan of the | Washington Railway and Electric Company was put into operation only yesterday morning, it has already et with fuvorable response by em- nloyes, officials of the company de- clared. It is expeeted that the move- ment will not rgach very much mo- mentum until at least a week has vassed, this interim giving workers ulenty of time to think over the neme and to fully appreclate the <firs of buylvzr preferred stock on ~a Dartial paymeunt plan, President Firm on Tax Cat. The following information on country’s affairs w Hibbs & ¢ “President tion. the s a part of W. B. ay news letter: lidge stands pat on wlill not accept the compromise of 35 per cent the limit for surtax but will 1d by the Mellon plan even to the exident not a pretended wants a real and tax reduction, and, heing satisfied that the Treusury ex- verts have worked out a_ scientifie economic plan, he has let leaders in Congress understand that he will no compromise proposed by The firm stand taken ident, supported by the = the radicals in anuch concern r that their ess as bluffers ¢ to an end and that their hoast that they would: control this Congress is going up In thin alr as they confrout a President who can- not’ be bluffe members of Savings Pank, taken Ly the Continental Trust have no connection stration of the bank’s learned vesterday. unior personnel, num- clerks, have been re- trust company, it was ~ the over . tow However, the bhering threc tained Ly the neing Record Broken. financing fn 1923 broke a total 704,000 in was made despite PRODUCE MARKET. Md., January 3 (Spe- old weather a te to affect the market to- < no doubt that should it ext week pr on egrY and dressed pou v will ad- as well as na and nearby den truck. day conti and live - fresh eggs have weels, but fully trade ivants, and » special enap uation today is ther conditions, tful if ejosin rices of a dozen will stand over and liberal shipments advisable. The live poultry the exceptlon of tur- hich the demand has eased the Toli rules fairly moderats ipts and a fair demand for fir stock, but poor, thin stoc! even at sh turkeys brin and old toms breasts 15 to 2 nooth, young chickens bring 8, Leghorns 23 ind 24, but rough, thin birds will not bring over 20. Medium to large old hens are selling 23 nd Leghorns 2 2 ntinue in ample suppl. market is firm on® ducks and 20 for past present o there has be and th ive to w . for i since firm unde hard to move . Chotee hen and erooked o at 11 and poor, . Pigeons | and guineax fowl in fair request, but under ple receipts the market is easy at 25 to 30 a padr for the former 1d 40 to 65 each for the young and 35 for old of the latt, Choleo to fancy dressed young turkeys bring 29 to but with the ception of ducks and geese, which | bring a premium of 2 to § cents other lines of dressed poultry will not bring any more than live stock. Potatoes continue in light receipt and under « good demand the market rules firmer : .00 per hun- ed, poun: an . to 1.10 for No. 2 stock. Maryland and Virsinia MeCormicks, however. will not bring over 1 to 1 Sweets and yams moderate receipt and with de- mand good the market rules steady ut 5.00 to 8.00 a_barrel for the for- 10 a barrel for the of hoth, however, o 00 to t stock selling mostl bushel as to quality tion. ativa and nearhy has been In rairly 1Mb receipt since the holldays, but the demand has also heen good and the market rules steady to firm at the follow- ing quotations: Beets and carrot: 0 to_5.00 hundred, brussels sprout 20 to cabbage, 1.00 to basket, and 45 to bushel savoy; cauliflower, 2.00.to 3.00 bar- re! celery, 50 to 1.00 dozen; onions, o per hundred pounds and 1.26 to 1. for 0. 2 stock; oyster piants, to 7.00 “hundred; par- nips, 55 basket; spinacl to 1,00 bushel; broceoli and kal o 35 bushel, ‘and turnips, 35 to 40 bushel. Receipts of apples continue nple and tho market rules a shade und condl- garden truck next | 26, and smagll p and for | slowing up toward the end of the year, particularly in December, when issues totaled but $305,826,650 against $417,279,910 in November, 1923 In addition to corporate _obligations last month, the United States gov- ernment sold $300,000,000 six-month 4 per cent and one vear 4% per cent | certificates. Joint stock land bank bond offerings totaled $2,600,000 for the same perfod. Industrials were the leader in vol- ume.of new financing with & total of | $1,808,559,500, of which $581,454,600 was in stock, $1,015,252,300 in bonds and $231,852,600 in notes. Public utili- [ ties "borrowed heavily, new issues | reaching $1,214,327,150, consisting of $300.105,650 'in stock, $852,543,500 in |bonds «nd $61,678,000 in notes. | "While railroads were active in the new financing fleld, the volume was comparatively light becuuse maturing obligations were less than usual. To- tal rallroad issues were $579.817,350, { consisting of $35 500 in notes. | Amerienn Tel. nnd Tel. Report. The American Telephone and Tele- graph Company ended its most pros- perous year on December 31, last, both lfrom the standpoint of earnings and growth of bufiness. It is estimated that .earnings for the year will be about £11.42 a share on $715.454.300 fverage stock outstanding for nine months ended September 30, which compares \with $11.14 a share on $594,000,500 average stock for 192 There was a slight incremse in out- stunding stock as of December 3L but not sufficient to-materially alter the 1823 earnings cstimate. : Demand for new stations continues unabated, and officials aver that the past year's increase will be surpassed in the present calendar”year. There were over 150.000 new- Bell-owned stations put into operation. compared With an increase of 530,176 in the pre- Vious year. This means that With Bell- owned and Bell-connecting stations there is an aggregate of approximate- |1y 14,300,000 telephone stations in | oparation by the Bell system. The year ended with approximately 240,000 registeréd shareholders: on the company's hooks, which is an in- crease of about 31,000 fu the year. This is exclusive of the 90,000 em- ployes who have bo%ght stock on | the partial payment plan. There are no immediate plans for financing, either By the parent com- | puny or its subsidiaries, and any con- Sideration of a new stock issue by the company will not come up before the hext summer at the earliest, offictals ! declare. |grade of standard are commanding |&ng attention at 3.00 to 4,60 barrel. and 2.00 to 2.50 for No. 2. Hasket |stock selling, 1.00 to 1.25 bushel, and 50 to 75 for No. 2 stock, while bulk stock is mot so active at 1.00 to 1.50 for hundred pounds. LIVE STOCK MARKETS. BALTIMORE, Md., January 5 (Spe- { elal).—The general live cattle market rules steady to firm under an Increas- ing demand, which is usual after the holldays. Very few arrivals by boat and recelpts the past week have been light at the stockyards. While the demand s good, it takes top-grade cattle to bring the higher quotations, as common to ordinary, stock is slo sale even at the lower values quoted. Quotations today at TLight stre whart: Beef cattle, first quality, Ib, 7 to $: medium, 6 to 6. Bulls, as to quality, 4 to b. Cows; bHolde'to fancy, 4% to 51%. Common to falr. % to 4. |Oxen, as to quality, 4% to 5% | Milk" cows, cholce to fancy, head, 50.00 to 70.00; common to falr, 30.00 to 50.00. Calves, veal, cholce, 13 to ordinary to medium, 10 to 1 heavy, common, 8 to 9. Sheep, cholce, § to 6. Old bucks, 4 to 4% | common, 2 to 3. Lambs, spring, cholce, 12 to 13; falr to good, 10 to 11; com- mon, thin, Hogs, straight, T Stage and Loars, Dpigs, as to size and qua Shoats, as to size and NEW YORK, Jan ceipts, 750 head; y. Steers, .50210,10; state bulls, 3.25a5.60; cows, . Calves—Reccipts, steady. Veals, 16.00a16.50; and little calves, 7.00a8.0! 5.00a5.50. lambs—Receipts, 2,360 steady. Sheep, 4.5026.50; 23.00; “lambs, 9.00a14.25; 002410.00. Hogs —Recelpts, $50. hea Light_to medfum welights | culls grassers, Sheep and head; barel TODAY'S BUTTER PRICES. CHICAGO. January —Butter, ; Creamery extras, stand- extra firsts, 52ab4; firsts, seconds, 44,45, Eggs. higher; receipts, 6,777 cases; firsts, 43a43%; ordinary firsts, 37a40 refrigerator extras, 26%a27; refriger- ater firsts, 251:a2 LIVE POULTRY LOWER. CHICAGO. January - 5.—Poultry, e, lower. fowls, 16a2d; springs, roosters, 131 geese, 15; tur- keys, 24, NEW TORK, poultry, quiet; Dressed Poultry, 20a35. January 5.—Live prices ‘unchanged. steady; turkeys, Lovely detached home, built of brick and hol- low tile by owner, on an extra large 16t overlook- ing a triangular park. trance, spacious living :r First floer—Center en- oom with large open fire- place, large dining room,. kitchen' and’ butler’s pantry, library, two sleeping rooms and tiled bath- with built-in tub. Second floor—Two large sleep- ing rooms, tied bath wit h built-in tub, shower and ample storage room. Splendid light and dry cel- lar, two-car built-in garage, large closets-in all rooms, hot-water heat and electric i will consider any reasonable offer. ghts. Owner lower to values as only b 1,460 | L e 'IAI. 'QUAR. 2°Q g W ‘%ku I I tive stocks dealt in on the New York of October, 1921, up to and Including Solid curve represents 20 industrials compiled by the Wall Street Journal. Farafshed by W. B. Hib] Transactions occurring on the Washing! Sales. BONDS $20,000—C. and P. Tel. of Va. 5 132.500—Washington Gas 6s...... 4,000—Ana. and Pat. River R.R. 58,000—C. and P. Telephone 1st 5s 212,000—Capital Traction 1st 5s... 1 26,500—Georgetown Gas Lt. 1st ,000—Metropolitan R. R. 1st 5s. ,000—Pot. Elec. Power 1st 53. . Elec. Power con: lec. Power deb. . Elec. Power gen. . Elec. Power 6s, 1953. 9.000— Wash., Balto. and Annap. 00—Wash. Gas Light gen. 6s.. 347,000—Wash. Ry. and Elec. cons. 4s 34.000—Wash. Ry. and Elec. gen. 63 55,200—Washington Gas 73s. 48,300—Pot. Elec. Power ref, is. 1,500—Dist, of Col. Paper Mf, Realty (long) . Market Cold St 27,200—Wardman Park Hotel BTOCKS, pital Traction ashington Gas .. orfolk and Wash. sh. Ry. and Elec. com. —Wash. Ry. and Elec. pfd. 3—Terminal_Taxlcab Co. —Capital National Bank 764—Commercial National Ban! 116—District National Bank. 16—Farm. and Mech. Nat. Baunk. S6—Federal- tional Bank.. 27—Liberty Bank of Washingto . Metropolitan Bank Riggs National Bank....... gxs National Bank rights. 10—Second National Bank.. 638—Amer. Secirity and Trus 104—Continental Trust .... $5—National Savings and Trust. 67—Union Trust i 50—Wash. Loan and Trust 474—Merchants' Bank. and Trust. 20—Fast Wash. Savings Bank... 30—Sec. Sav. and Com'l Bank. 20—Washington Mechanics' 71—Firemen's _Fire Insurance 100—Columbla Title Insurance. 41—Real Estate Title Insurance. 1,590—Mergenthaler Linotype 2,317—Lanston Monotype 373—Security Storage Co. 523—Washington Market UNLISTE! Steumboat D D) 30— Banking Trust and Mortgage. 250—Citizens' Savings Bank.... 33—Departmental Bank §—Munsey Trust 200—Northeast Savings .. 46—Dist. Title Insurance 176—Wash. Title Insurance. 1—Chapin-Sacks 8 per cent pref Cash. SOLDIER ORDERED HELD FOR $12,000 LARCENY Man Attached to Army Finance | “irow to draw on his account. Chief; Office at Fort Bragg Denies | Charges. ' | By the Associated Press. STAUNTON, Va., January 5.—A tele- gram_requesting that “Harry Amos Meredith, allas Oscar Donovan Bailey, be held for this department for 312,000 larceny” was réceived by Chief of Police Lipscomt from Robert H. Braun, chief of county detectives at Pittsburgh. Pa. Balley, attached to the Army finance office at Fort Brage, N. C., was arrected here while on furlough at the reauest of the Fourth Natlonal Bank of Atlanta, Ga. No detafls were given in the mescage from Atlanta. Since his arrest, Bailey hds been charged with forging two checke here. The soldier has denied that he had beén gullty of any {rregularity in Atlanta, and ‘also deniéd the charg: ofithe Pittsburgh authorities. He ex- plained the local transaction by say }ing he had permission of Perry Far. | Lipscomb declared, however, that Farrow dented giving Bailey such authority. P WILL DISCUSS OIL. Mining Engineers to Hold Petrol- eum Meeting. The Washington section of the American Institute of Mining - and Metallurgical Engineers will hold a “petroleum” meeting at the Hotel Continental, esday evening, which will begin wit dinner &t 6:30 o’clock. ' E.. De Goulyer, chairman Institute of Petroleum eehourma, professional dlvision of the national organization, will lbfl on “The Present State of ‘the O1fl \dustry.” Chester W. Wash- burn also will ‘talk on “Experiences n fl'lllll Work.” The local section, at this time, will receive an annual visit from F, F. Sharpless, secretary ot the institute. i N section Indlcates volume of sales of all stocks. §8—American Com. and Savings Bank. i shipments, THE SUNDAY STAR, WASHINGTON, D. C nt Stock Offer |RANGE OF MARKET 1924~ ' R, AR, 17 QUAR. Varch 20, 10538 v EEFILYSEN ATV [y | || A The chart above shows the high dnd low, by weeks, of forty repreenta- Stock Exchange, from the fiist week the week ending January 5, 1824.1 and outline curve 20- ralls. Lower Averages used are thoss | lSatnrdxy Grain Market Gains, ., JANUARY 6, , 1924 —PART AVERAGES|G00D STEEL BUYING |RAILROADS TO SPEND 1 FOR FIRST QUARTER| HUGE SUMS IN 1924 Prediction That 1924 Business|Norfolk and Western Has Set Aside $15,000,000 for Equipment | 'Will at Least Equal Rec- ords of 1923. and Improvements. COPPER EXPORTS DRAG|NEW TRACKAGE IS INCLUDED Tin, Lead and Zinc Strong During | Pennsylvania Plans Outlay ! 000,000 During Year. Past Week. By the Assoclated Press. NEW YORK, January 5—While new business in steel was not large, owing to hesitation among buyers incident to hollday week, it was greater than had been anticipated, and the trade as a whole Is very optimistic relative to probable future developments. Many orders already have been booked for the first quarter, and the evident requirements of, leading con- sumers, together with the feeling of optimism in financial and business eircles, have led to predictions that 1924 will at least equal 1923 in the volume of sales. Plg iron demand was rather slow, but increased orders for small lots arc noted nd in some quarters buyers e :d to be accumulating supplics in anticipation of higher prices. Copper was easier. is business has “~and e that been restricted by & tendency to walt development fol- lowing the withdrawal of large in- terast from the Copper #3xport Asso- clation;, which is fixed for February 1. Tin was higher, reflecting a more confident feeling in London. Business was restricted, however, by the unset- tled exchange market? cven with fu- tures straight offe below cost. Lead continued strong at the recent advance. Consuming inquiry was g00d, and leading producers are of- fering sparing re delivery. Zine avas fav affected by ex. pectations of increased export busi- ness and the firmness of zine ore. Antimony, after early setbacks, im- proved again on_active buying in- spired by firm cables from China. CORN PRICES REACH NEW HIGH LEVELS slightly export Guie probal It d import Complete 1923 Washington Stock Exchange Transactions. b & Co., Hibbs Bldg. ton Stock Exchange for the year 1923 Open. 94 100% 87 High. Low. €. ! competition merican Natlonal Bank.. n. 100 15 1 g 102 15 15 6% $0 erred 20 DENY USE OF PLANES TO SPREAD PROPAGANDA Army Says Flights Over Mindanao Only to Locate Landing Fields. By the Associated Press. MANILA, January headquarters of the United States Army here issued an official denial of statements printed here that Army airplanes were being used in Min- danao for the purpose of disseminat- ing among the Moros propaganda in opposition to Philippine independence, The statement said: “The flying of Army airplanes over o HOThIng 15 o wwith: the. Heeaes, has tion. The air service is conducting & general reconnoiseance over the en- tire archipelago with a view to locat- ing landing fields and determining the possibility of an aerial mail serve ice throughout the Philippines.” FLOUR 20 CENTS HIGHER. MINNEAPOLIS, Minn., January Flour—Unchanged to 20 higher; family patent, 6.2026.50 a barre 54,830 barrels; bran, 25.50227.00. Wheat—No. 1 northern, 11125%a1.16%; May, 1.13%; July, 1.13% September, 1.121:. Corn—No. 3 yel- low, 66%a67. Oats—No. 3 1050415, * Fiax—No. 1. 5478200t BETTER COPPER INQUIRY. NEW YORK, January 5.—The cop- per market was dull and easier dur- ing the earlier part of the week, but at around or slightly below the 13- cent level for electrolytic, a some- what better inquiry developed. This did not result in sufficlent business to find a reflection in prices and to- day’'s juotations _for electrolytic ranged from 12% to 13, with some producers asking 13% for the second quarter. Iron was firm COTTONSEED OIL PRICES. ul oro situa- | Then Reacts on Heavy Profit Taking. By the Assoclated Press . CHICA January 5.—Although as a result of extraordinary dearth of arrivals corn today reached a new high-price record for the season, and imparted temporary fresh strength to wheat and oats, general profit-taking sales had a counter effect later. Wheat closed weak, lower, May. 1.08, and July, i in corn the oute decline, with 3% to Ha Ing f vigions at 2 lower 1o 7 gain. ipplcd wire service that (o a large nt curtailed telegraphic orders much to do with slackening the upward tendency of grain values and with bringing about a reaction. The fact also that corn showed a bulge of 3 cents from yesterday's lowest ade profits look inviting to numercus holders. Nevertheless, with receipts of corn in Chicago today down to slxty carloads, no sign was Special Dispatch to The Star. CHICAG .+ January Infe of $50,- ormation published in today's issue of the Rail- way Age indicates that the railways In 1924 will invest approximately as much ne W capital in permanent improve- ments and equipment as they did in 1923 ral en if no legislation adverse nt ed by Congress. to the s is passed or serionsly threat- | The significance of this information becomes apparent only when it Is realized that the total invest- ment made in new facilities in 1 passed those of any previous vears, cepting possibly 1910 and 1911, Thirty-four railways operating 109,415 mi les of line have furnished t he Rail- way Age the details of their 1924 bud- gets as far as they have been made up. These ha ex; am mately the nin suys $1, capital expenditures this year will be | is based on comparison show that e definite p 4 penditures during the nounting 1o $350,000,000, ving approximately th de extimates these ns for 1g Of the year 1 Rail wme amount at the begin- $1,076,000,000 Spent in 1923, “Capital expenditures made in 1 the Railway 076,000,000. Age, The foreeast for proximatel v the same amou; “aggregated 1924 that a already author- | ized and definitely planned for expen- of an, sic sy | thi in evidence that a liberal movement of the crop was likely at present Country - offerings of corn here re- mained meager, and trader leaned to the opinion t amount of live stock on farms had been un- derestimated. anwhile Missouri river markets were bldding for corn ! in Chicago territory and keeping | sharp. Better demand for cash oats was also reported Spreading _operations between Chi- | cago and Winnipeg was a good deal | responsible for turning the whe market here downward. Tie spr ers did their selling in Chic simultaneously were buying nipeg. In this connect tention was given to_estim 1,000,000 bushels of Canad had ‘been purchased yesterday { shipment to Europe. NEW LINES TO BE SHOWN | tures of his ro amount spent in J siderably conditions, passed by Congress affecting rallway Will have a_serious effect upon our ex- | penditures for improvement and exten- | W Chesapeake that we should have 1824 as in 1923, perh. The forecasts of Some r cost of over $1,000,0 plete futed § a d Western, 'save that the in_ exces but id ddep injurious on J. Harahan, and president Ohio, say: m: more. i “will be close diture during 1921 with similar figures president of the Norfolk expendi- > the and may be con- 1€ upon legislation of et the feel traffic in | What Roads Plan to Spend. ital exp some of the low. 000.600; 34 100, 0 The Florida. 1 ension of thirty-six { Line d undertake ty-eight miles total expenditure folk and Western the dditional, s" appi 60,000 for twenty miles of additional |, while the ,000 for the e h ame p will fifty-seven miles of second track | construction penditure systems in 1924 vpeka and Pennsylvania, | 1linofs Central, { 4, | 0,000,001 100; Ch fic, $11,000,- { 1 nning to build new st Coast will build | miles at a | com- of involving of 31,400,000, The ropriated s appro UrpOS: N. & W. to Put Out $6,000,000. freight cars in- | the thy South Norf Louis_Southwestern rern Fa- ok and Chi eat Northern and $1,000,000 nd Southweste: I, {Fall Flannels and Ginghams Ready NEW go0es wer for Market. YORK, Janua quiet today in —Cotton | st hands, { Jobbers shipped goods freely on past orders. j for th. Dbe e steady | were Provisions averaged a little higher, chiefly in response to higher quota- tlons on ho U. S. BONDS FAVORED. Saturday Trading in Other Issues Is Quiet. NEW YORK, January 5—Bond trad- ing was qulet and within a narrow on the New York Stock Exchange. « i fe Co., Union Carbide, show! S| N within ten days. re firmer. in heavyweight quict. lines. Burlaps hibitions of fine novelties spring_begin next week in | some converting houses, and new fall | - | lines of flannels and gingha s will ik mar- held Linens CHICAGO MARKET. "HICAGO, January Armg rred, 81; Libby Mc . 6: 101 Swift _Internatio 5954 our pre- nal, Wrigley, | Yellow Manufacturing B, $2; Taxi, 62. class tmproved price range {n today’'s brief session | Buying of listed American govern- | ment bonds continued in fair volume, the tax.exempt $lis moving forward 5-32 of a point. Moat of the Scandi- navian Issues also improved. Mexican 55 sold a point lower. & Reports that negotiations about been have funde to_the redemption of maturing bonds influenced an active demund for the consolidated 55, Jrhich mature September 1, 1924. Th 235 points o & new high price. Generally railroad mortgages and industrial liens registered improve- ment. . Bankers expect several sizable of- i ferings of new bonds next week, in- cluding the Market Street Rallway issue and about $15.000,000 worth of the echeduled Lehigh Valley Coal Company bonds. ELECTRIC LIGHTS USED SWEDESBORO, N. J., January 6.— Electric lights are being installed in the fifty-five-acre peach orchard Hurff Weatherby, as the only means of controlling tho orlental peach moth, a new imported pest that has made a home in the same area in- fested with the Ju nese beetle. Scientists hgve found no method of exterminating the moth. It cannot sprays aro unpractical as the insect files at night Mr. Weatherby, walking through his orchard at night last summer, noticed the moths swarming around the lantern. The next night he hung a lantern upon a pole in the orchard. nderneath the lantern he put a pail of kerosene. The next morning hun- dreds of the moths were floating in the keresene bath. Many lanterns were used nights throughout the rest of the meason with great success, The entire or- chard 1s now being wired for electric lights, and a lighting plant 15 being instalied. * EX DIVIDEND TABLE. — Dottt Hiver Tunnel s-a... N. Y. Afr Brake, q. Jasuary & American Ice, q. American_Tce pt. g, lea g Co.; L., Vilcan ming Co., Pf. January 10— Avitibl Power & Paper, q. Alliance Reaity Co.. G..... Am. T3 R o ooy 8 T A/ /RN Am. & A completed for Market | Street Railway financing to Yrovide | bonds gained | TO CHECK PEACH MOTH | of! be reached with poison,“and contact i 1 { i 11 i 30. BilS Secured Joseph W {10. 79, First Mortgage Notes Recured by first deed of trust on hij D. C. new homes. in_denominations of $250 to CORY & CORY. 907 15th N. Money to Loan Prevailing interest and comm| Bl first deed of trust on real estate. ission. 420 Wash. L. & Trust eller e & F N.W. KEPORT OF THE CONDITION of the NORTHEAST SAVINGS BAN At Washington, in the District of Columbi: | “the close of business on December 31, 19 RESOURCES. aToans and discomts, in- cluding_rediscounts, accept. ances of other banks, and forelgn bills of exchange or drafts sold with indorsement of this bank . Overdrafts ... S. government securities [3 Cash In vault and amount du from national banks ...... Amount due from state bank: bankers and trust compani in the United States (other han included fn item 10). of Stems 10 aud 1 L 1 Mise Total LIARILY Capital stock paid in. Surplus fund . Undivided profi . Amount due to bankers and trust companies in the United States and forelgn countries . . . Certified checks outs Total of $4,67 24 .. Demand”‘deposits (other ‘Dank deposits) sabject to serve _(deposita, _payab within 30 days): . Tndividual deposits subject to check . . Dividends unpaid Total of de (other than subjeet o resers®; and 80 ; Time_de o Serve | (pazable after days, or subfect to 30 days or more motice, and postal Savings) : \ . Certificates of deposit _other than for money borrowed). . . Other time deposits ... Total of time deposits sub; items 3% $047.212.81 cluding ~all obligations _representing money borrowed other Tediscounts) ....oee-- 1, W. R. LE K, 120,000.00 64,013.71 sur- | | i | | | IANACOSTIA BANK, FINANCIAL. REPORT OF TOE CONDYTION) Of the G {NATIONAL SAVINGS AND TRUST CO., At Washington, in the District of Colu at FIRST MORTGAGE INVESTMENTS 6%2% ° Denominations, 8500, $1,000 and uwpward. Secured on Improved Properties Only JAMES F. SHEA 643 Louisiana Ave. N.W. 8% Income 87 A Limited Number of First Trusts, $2,000 Each Secured On D. C. Homes Occupied by Their Cwners bis the close of business on December 1, 18 8750 ¥ . & Louns and te, uding rediscounts, ac ances of uther hanks. s foreign billa of exchnign o drafte, wld ‘with indorse ment of this Tank . Overdrafis, unsecured U. 8. government sect owned 1o : . Other houds, siocks, " secari- ties, ete. . Banking Turoitnre 105,421 47 . Cash I vault from na Awount a bankers and nies n the Tnited $1,206,000; fixtures, house, and 3 > 1,314,421.47 niount dus com St (other item 1 S . Chiecks on other bitke in the a por-ing boe, . Tt o7 i s Brafrs on %aiks inciodleg ged eral " buserve bauk) located tside of cits town of re- than included In 0} vz 736,407.09 o 7t Properties under our daily supervisicn. Interest paid romptly from this office. nsurance policy, certificate of title, etc., furnished. Capital sto-k pald Surplus fund . Tudivided pros @ Reserved No delay in interest; no loss to an investor and not onc fore- closure in this project since it twas started 7 years ago. William P. Irvin 1410 G St. N.W. Phone Main 3905 After 10130 A M. for and taxes secrued Amount due ban the Unite it = REPORT OF THE Of the ONDITION Time dey At Anacostia, in the District of Columbia, serve at the close of business on Decemlor RESOURCLS. 1. alLoans and d counts. includi rediscounts, ac septances of other bhauks, and fo eign bills_of clange, or drafi soid with indorse ment of this bank Lject to 30 day notice) and’ postat r P of Washington, ss treasurer of the sweur that the | ahove = best of wy | knowten; | Sunse: i 4th duy t TAMBORN, Tr before me R. VAR i Notary Py or Kanftm Filis. Tews, lancous 14 LIABILITI 1 stoek paid in. BRTpIns fund «.oe..eisoss Tndivided profits .. $10,013 mount rtificd o national Lanks ks outstanding items 22 3,13 Demand deposits (other t bank deposits) subject to serve. (Deposits pa less than than for money Dividends unpaid ............ Total of demand deposits (otis er than bank _depositsi. to reserve. MONEY TO LOAN On Improved D. C. Property at e 3 Prevailing Rates of Interest. t to 30 daxs ) and postal See Mr. Fleld. Hedges & Middleton, Inc. REALTORS. 1334 1 St.N.W. Franklin 9503 savings Certificates of deposit (other than for money borrowed). 34, Other time deposits ....... Total of time deposits to reserve, items 3 Total District of % V. ETZLER, cashler of the wbove-samed bank, do solemnly swear that the above statement is true to the best of my knowledge and bellef. CHAS. V. ETZLER 0 befo) FIRST MORTGAGE NOTES For sale. Consult us 1f you have svsilable funds for investment. THOS. E. JARRELL Member Washington Leal Estate Board Woodward Bldg. Main 7668 A Cashier. me this EARNSHAW, Notars Public. Correct—Attest M 4 TERBACK, I R RANK CAMPRELL, RGE 8. KING Directo ‘MONEY TO LOAXN ON DISTRICT OF COLUMBIA AND CHEVY CHASE, MD., RESIDENCES 5% % Interest H. L. RUST COMPANY 912 15TH STREET N.W. MAIN 06888 LOAN CORRESPONDENT FOR THE PRUDENTIAL INSURANCE COMPANY OF AMERICA DON’T INVEST —those January funds you may have available UNTIL vou have investigated our service in FIRST MORTGAGE NOTES upon improved real estate in the city. THEY carry the margin of security we require, as well as our absolute approval. i Prudent men and women always in- vest a substantial proportion of their funds in such mortgages—because they are safe, do not depreciate and pay liberal returns. We look aifter all details without charge. NO LOSS TO ANY INVESTOR MORTGAGE DEPARTMEXT . Found. ‘p!. nal B AR Oorrr bank, do solemnly swear that the above state- = NEW YORK. January 5.—Cotton- | Eifestone T. Open for Inspection Today“ E ra C. P. BARRETT 1502 K St AIR BUREAU APPROVED. A ‘tavorable report on Senator Wadsworth's bill to create & bureau the Department of bids being 2 to The steadin: tallow served to offset lower cotton. Crude markets were steady. 500 barrels. Prime crude, prime vello wary closed. 11.57; all bil. .4029.5 1 to. B& rome 10,000 mineral springs {n the:UAlted Btat Rt 5 N seed oil was dull but steady, closing 5 Eolnn net higher, i hog products and Sales, Pitts., Cin., C. & 8t. Eitts." Coal Lo, YU vl g ot 1) 35 E3% LR SRR the_best of my knowledge and B 2 true 10 Che et O BT, "Cashier. Subacribed, and_sworn, {0 befos me this Athaon) °f Teme . RaToLIFYE, Notary Public. orrect—Attest: S . p. STEUART,