Evening Star Newspaper, January 9, 1924, Page 26

26 °F BITTER FIGHT NEAR OVER CANADIAN OIL Hudson Bay Company Aroused by Law Passed in Alberta on Ex- ploiting Rights. BIG LUMBER YEAR AHEAD| Oregon and Washington States to Lead in Production. nBY J. C. ROYLE. Special Dispateh to The Star NEW YORK, January tion of the Albert da, legislature may result in a bitter war for suprem- iy in the ol markets of Canada and of England itself. The Hudson Bay Company, the oldest corporation . in cxistence and one of the greatest land lders in tie entire world, has madc ants to exploit its Canadian properties in Alberta for ofl to certain outside in- | teres in even in a moderate degree, would en- danger the hold on the northern mar- kets possessed at present by the Im- perial Oil Canada, Inc,, known as one of the Standard Oil group and con- trolled in large part-by American capi talists, The situati law providing rights to Success this exploitation, Alberta ) cons| legislature’s part in the ted in the passing of a that companies owning’ il products on ‘their lands must exploit them, pay heavy taxes or surrender them to the pi The Hudson Bay Company el this rest claring that it was confiscatory. Ef- forts have been made to drave the 1 federal governmeut inter make the Alherta law non S0 far the feders shown no ind steps and reports that interference su have king such Ottawa indicate sus hold- Company Some idea of tngs the Hudson Bay n ined from the fact that the as title to one and three < seetions out of each thirty- six sections of the western Canadian wnships, and mot only has title to the lund, but also to the minerals which le heneath it These rights which the recent oil conce garded cxtremely Eeologists oxp 1 Prorper exploration w discovery valuable oil deposit The we of the struggle wi vend. experts say, on the lo- cation v deposits with ref- crance markets. the cost of pipe othor transportation, sial strength which the ionaries can ed in re- invol sions, valuable and double that 1l result in the out the lines ims will be . coming vear operations “in the hwest, but this expansion will even more. noticeable in_Oregon 1 Washington than in the Canadian Ithough the year is less ten duss old, bouds for £2.000.000 have been floated to funds for increased activity logging and sawmill the Puget Sound region - issues are believed to be only the opening wedge to greater finan- cial activities in the northwestern woods. The success of these under- i ed on the fa ting to the W Lumbermen’s Association, which ac- vount for 75 per cent of the wosterr shington Tumber, 5234, £54.000 1 d with A Lumber Output in West. There is little doubt that Oregon ®nd Washington will produce thoré rthan one-fourth of all the sahe United States this ZPanama canal has opened the ‘Atlan- Sic coust markets to Pacific coi lumber m grades. Formerly oniy the grades could stand tthe freight rates to extrems eastern the lumber can the canal, distributed from Atlantic ports over )0 miles into the interior before the parity with rail freight rates is reach- ed. The extraordinary demand from in- i in wiian during t timber than pvide ast year. The higher Japan has by no means been filled and | ihe new mills of Oregon will be kept busy as soon as they can be finished. The new plant of the Oregon- American Company at Veronia will add 250,000 feet a day to production. Col. G. H. Kelly and his assoclates will eut 50,000,000 feet a new plant at Westfir, The Herrick Company and R. A. Booth and his as- sociates are expected to erect new mills at Burns and Prineville, re- spectively. In addition a number of short railroads which will tap new timber country are projected. Sales of standing timber in Oregon In the last two years have aggregated $34,- 000,000. Rapid progress is being made on thefplant of the Long Bell Lumber Company at Long V —— A Fool and Hix Money. The fact that a stock certificate printed in fancy green scroll work is no proof that it is worth any more than ordinary wallpaper. Thousands of people in Washington would have saved their money If they simply had asked their banker to tell them what | he knew of some supposedly wonder- ful investment e RAILROAD EARNINGS UP. Western Maryland Boosts Income 24 Per Cent During Year. Special Dispateh to The Star. BALTIMORE, Januar: Increase of 24 per cent, or $4,422,206.24, in the estimated earnings of the Western Maryland Railway Company is noted in the report of that road made yes- XNANCIAL. .~ Recent ac- | in- | lumber of | vear in their | is | ik MM»iy Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK, January 9.—The curb market gave another exhibition’ of strength today, and & number of | stocks which had not ghared in the | recent-advance were taken up. Real- {izing sales continued to have their effect upon stocks which had been i previously favored, but the impor- !tant changes were upward. Todd Shipyards was especially prominent, moving up almost 4 polnts {to 50. The talk wha that there was "!no intention of reducing the present dividend rate of $1.50. Oil shares were helped by the ad- vance of 10 cents a barrel in mid- {continent crude announced by the | Prairic QN and Gas, Texas and the iSinclair Companies. Small gains were made In the Standard group general- Iy, with larger advanc in the LEW YORK, January 9 is an_ official list_of bonds {traded in on the New. York ket today : Sales in | thousands 2 Allled i 10 —Following and_stocks Curb Mar- BONDS. High ) 1 Low 2 T8 new 5 & Bl b Rol1” Mills Am T & T 68 Am Thread Co Auncoudn Gs ckers Gx.. A 102 1061 e b 100 1013 ITEN Alum Alum Am G Am neeal rand T Swift & € Vacumm 0l Bl Wi 100k | FOREIGN BONDS. Neth fs.... 931y H Swivs tGove s, 9785 U'S of Mexico 5., 31 STANDARD 0iL ISSUES 1 803 4 33, 1311 1615 200 Ain_ 0i1 Ruckeye P L Continent 0l new Hum O & Ke new FUP G Tmp Oi of Can Igter'l Pet Co Ltd Anglo more ! Trunsit hern P L 011 new ashington SINDEPE 1 bundreds. 9 Ak Mut Gas . 2 Carly Syud . 30t sery 11 0t Seev pfd 10 Cit Serv pf 1 Uit Serv Creole Ssud be ; and re- —$1,000 at 1001, Washington Elet, 4x—$1.000 10K S0 s T0%. 1,000 mt 705, $1.000 at T0% Chesapeske und Fotomac Tel 97, $1,000 at V7, $1.000 at 7. Potomac Elec. . and ref. 1063, $1.000 &t 1063, Riggs Realty lopg 5s—$300 at at 88 Capital Traction Co.—10 at 94% Washiogton Kwy.—& Elec. ptd.—10 at at Comumercial Bank—10 at 140, at 140, Washington 45, 10 at S3—$1.000 T5—$1.000 at 03, B % National 3 Market 10 at 70 at AFTER CALL. Washington Gas 6s '35—8500 at 10vi; Capital Traction Co.—3 at 945 Money—Call loans. 5 and 8 per ceat, BONDS. Bid and Asked Prices. POBLIC UTILITY. Bid. 93 10444 975y 120 Co.—10_ at 45, Asked i Tel. & Telga. 4s erican Tel. & Telgs Telephone S 16 & B Teicbhone of Vi | Capital Traction R. T, { ity & Suburban Or.. Georgetown Gas 1st IM((ml’KIlllnn . K. 0 { Potomac Eec. 1st 53 { Potomae Elec. cous. Potomac Elec. deb. 6. Totomac Elec. 6s 1053 i Pot. Elce. Paw, g, m. & re Rtex. & Mt Alex. & Mt Wash.. Balt. & Annap. 3s. | Washington | Washington Gu Wash. Rws. & Elee. 45,00 0 oy 10015 07, terday. Total earnings for the cur- | rent fiscal year to December 31 were 532‘2:8.951.88, as against $18,626,- #55.64. Increase in revenues were noted for ! frelght and express, while decreases were noted in revenues from pas- senger, mail and milk service, as well as miscellaneous branches. The in- crease of $4,035,802.54 for the coal and coke freight was the largest noted, | tais being a 55 per cent gain as com- pared with the fiscal vear of 1922 Company. Tur Hurns Ce. de Pasco CnF Derby Oil c.c. pi Tederal Sugar.. Hercules Pow. Df Hollinger Gold Mines Jan, 17 Feb. Feb. Tosario Mining. Q 25c Jen. 22 STANDARD GAS REPORT. CHICAGO. January 9.—Preliminary | earnings figures for the Standard Gas and Electric Company, o-;ver-un- utility companies in about 820 citles and towns in sixteen states, show a net revenue increase of $451,299, it was announced here yesterday. The amount earned on common stock was over $7.75 a share on the 212,000 shares ‘outstanding and it is stated that the board of directors is expected to increase the present dividend rate of $2.50 a share pald on common stock. SOUTHERN'S GROSS GAIN. The Southern railway system re- gross earnings for 1923 of $193 3 , an increase of $33.210.217 over 1922, Gross for the month of Decem- ber was $16.478.380. o gain of $494.- 396 over the same month in 1922, and or the last week in Deermibes \as 19,020, an incroase v 393,106, ) Rigy ty | Wash. Mkt. Cold Storage 5 Wardman Park Hotel os. . STOCKb. PUBLIC UTILITY merican e T | apital Trac | Washington Joutolk & Wash, | Wash. Rwy. | Terminal Taxi com. NATIONAL BANK, | Capital { Cofumbi Commercial Distriet .. Farmers & \l!chlnlt‘l Federal-American | Liverty | Lincoln | National g.l"d econ National B!nh “of ‘Washingtou. TRUST COMPANY. Americar Security and Trost,. Continental Trust Merchants'. Banl knlml Savings and ‘Trus TUnion ‘Frust.. ceeene Washington Loan & Trust. SAVINGS BANK. L §§§§§'§§§E H 2 € de8 £ Security Savings Seventh treet. United States. Washington M FIRE ltsunm o American Corcoran Firemen's Natlonal TITLE INSURANCE, Columbla Title. Real Estate T1 MISCELLANEOUS. C. Paper pfd. Merchants: Tians thaler ~Livotype. Tty Stornge. wston Market..3. Sty £ dayadesd, § 3y nsh B4 sa00 | b : THE EVENI_NG SIAR, WASHINGTON, D. G, WEDNESDAY, Direct to The Star Office I’\l(hor-urlccd issues of the type of Standard of Nebraska. Arkansas Natural Oas was a fa- vorite among the independents, reach- ing 7.°a new top for the present recovery. - Further light was thrown Mammoth Oil by evidence that there was a real corner existing in' the stock. . The last sale took place on Decem- ber 29 at 58. On Tuesday there was a nominal market on the outside of 60 bid, offered at 90. The rumors were that a private settlement of the shorts was being arranged for. H. F. Sinclair testified before ghe "Teapot Dome investigation at ‘ashington that he and his assoclates had bought back nearly all of the 200,000 shares originally offered to the public. = Among miscellaneous stocks, Du- bilier Kadio appeared in demand around 11. American Light and Trac- tion came “in for attention and the rise In Gold Dust Corporation kept n. il Mariund 1 Mex E Mex Mount” Prod Mutuai v New Hrad O w i w Mes Land ... Northwest 01l 5 Owsr O & Gas. Penuock Ol ensonite I'r Alden Heyde u Inter Cont Rubiwr Int Cone Ind_( Kresge Dept « Lig & Meers wi Mesabi Tron Tudin Rad.o ker S pf. ‘nited G & B new Un Retal Candy U S Lt & Heat U Lt & Ht pfd.. Wil Cor 1 pf ef dp Yel Tax Co N ¥ rts nd Min ration. Copper an Devel Tone Star Ta Ro Mason Moliican ¢ ! National T | w Correlin - Ray Herentes Inc.. Silverdile . Horn Min Mines . { | Silver Stewart | { Tnit | wal | Wende i Wt 10 West COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY PROVIDENCE, R. 1, Januafy 9.— The Atlantic Refining Company will construct a large receiving and dis- tributing plant here, which will make ! Providence the chief oil port in New England. The greater part of the Mexican oil now coming to, this ter- ritory is being shipped here. The new plant will have tankage to store 35,000 barrels. MINNEAPOLIS. Januar{ o receipts to the state from licenses 0[ automobiles. chauffeur registratlons, transfer fees and penalties in 1923, amounted to $7,337,626, according to Secretary of State Holm. 454,395 vehicles registered. BIDDEFORD, Maine, January 9.— mployes of the Saco Lowell shops, facturers of textile machinery, B | manus {will be on a four-day-a-week schedule | luntil further notice, owing to a fall- ing off in new business. LANCASTER, Pa., January 9.—To bacco growers fear the Japanese | beetle will damage the tobacco crop this year. The insect made its ap- pearance within eighteen miles of the Tobacco felds last season and a strict | quarantine will be established. RICHMOND, Va., January 9.—Frank D. Willlams, in charge of the dark tobacco department of the Tobacct Growers' Co-operative Association, stated today that indications now are that the dark tobacco crop will not exceed 37,000,000 pounds. Bad weather | has militated against large deliveries iat the markets since the past new year reopening. ATLANTA, Jannary 9.—The recent icold spell undoubtedly killed Bff many ! hibernating boll weevils in the south. east. Temperatures in central Geor- gia, formerly a profific cotton-pro- ducing . terirtory, were the lowest since the weevil came across the Rio Grande, but growers are inclined to ‘wait until spring, before becoming too optimisti HAMMOND, La., January 9.—Straw- berry growers here are jubilant over the recent cold spell. The blooms on the plants here were destroyed by temperatures that sank to 12 above | zero. but the plants themselves came through safely. FALL RIVER, Mass., January 9.—As a result of a conference with State Fuel Admifilstrator Hultman, coal dealers here have agreed to reduce retail coal prices 50 cents a ton, to $16 for anthracite and $8.50 for bi- tuminous. -Hultman today predicted anthracite prices would drop sthl further and siated..that the specu- | tive antlaaclte market had drgpped to Sh.a ton from the hich o lust August. upon the suspension. of trading In | _ {to defraua —Total | There were | i FLEECING OF STOCK BUYERS REVEALED Forty Defendants Chlr;ed With s Making Spurious Offers in Sales Campaign. i MANY WORKMEN . VICTIMS Officials, of Crager System Have { Pleaded Guilty. | i By the Associated Press. I NEW YORK, January 9.—Charges ithat spurious offers were made to 18tockholders of the Glass Casket Com- pany to induce them to buy additional ishares in the hope of réilizing enor- {mous profits were made by govern- | Iment phosecutors vesterday at the | [trial of forty defendants, officers and | employes of four stock-selling cerns. charged with using the mails con- | | Letters {thousands of investors, mostly Penn- IS}I\'unln workingmen, offering to buy itheir shares for several times their | x\nlue. it was said, would be followed * visits from stock salesmen, lciting more stock sales., With the prospect of unloading it t much higher prices, the stockhold- the entire allotment, Tate that he could nof «me stockholders, per- | hold their shares, even ed time, buying K o ation t would “tors, cutie from fictitious firms to | naded {were more the mul a the T the Crager d most of th ystem. WALL STREET NOTES. Sinclair Silent on Reported Soviet 0il Deal. YORK. 3 fved by ers from London today Rumsay Machonald's made favorab {don banking Some extent posals Fureo were heavy buvers jof sterline and frane bills In the loeul market this morning. French franes rising from 485 to 4.0 ¢ at the opening {""No comment made {fices of the Sinelair Consoli Corparation on news dispatches th a $250,000.000 loan to the soviet go ernment was a consideration of the n kranted the Sinclair in- hes Indicated fting the reply inclzir people hefore approv- preliminary contract for the ion. \merican District Telephone mpany of New v has declared quarterly dividend of 21 per cent increase over the previous rate o per cent quarterly. The dividend | payabla January to stock of | record danuary NEW les re Private bank- that had n- to pro- nuary speech impression alla radical T nts was t the of- ' {ing the {conce. i | Kodak to- n extra divi 1 in addition to the dividend on the! pay April 1. to| February 2. Three | company declared an idend of $1.25. H n, president of the Company, today was ted chairman of th board of di- ctors to succeed the late Horace De | He will hold both offices Company nd of istock of {months DRY GOODS PRICES FIRM. NEW YORK. January 9.—THe dry goods market today -urtalln hroughout . New Engla for 64 by 60 and 68 Ly hs remained at 11 and 123 , rernectively. with some hands willing to shade those fi a tritle REPORT OF THE CONDITION WASHINGTON MECHANICS’ SAV- INGS BANK the District of Columbis, At Washiniton, on December 31, 192 at the close of b 1 Tiliy of exchunge or drafts id “with iudorsement of : Gl bank : | ts, Koy wned ... 5. Other bouds, siocks, unsecared. nment securities | Banking T niture and fi 10. Cash in mount die from national bank Amount due from state banks. and trust companics Tnited States (other o 1. same city or ing baok . Total of ttems 10 11 and 18... a Checks und drafts on banks (i cluding Federal Reserve Bank) located _outside City or town of reporting banks ... b Miscellancous casi items ... 1 | i | BILITIES. 1 stock paid in ... 2 Amount due to nat < i Lortiieathecke outstanding. 91 | and { o deposity “{other thian Dank deposits). (Deposits payable within 30 days): 26, Individual deposits sublect to {30, Dividends unpaid 0 Potal of demand deposiis (ath- ‘er than bank_deposite) sub fect fo reserve,’ items and 80 -........-$201.954.80 i ime deposite ' (payable” after days, or_subject to 80 Qays or more otice) and postal savin 132 Certificates of deposit _(other than for money borrowed). . 4. Other time deposits..... Total of time deposit i o Teserve. ltems 32 { T $1.019,410.48 {as. ‘than " those | { 250,684 50 000,00 | llh|l lflll, D. C., 882 v ‘ ‘WILLIAMS, treasurer of the above il‘m blnk‘ ll)l!l.l'lnl)". .I'..(I 'flll( :h! above | Bfitement 1s'true fo the hest o nowledge | ha ettt | F. P. WILLIAMS. Treasurer. | Subscribed g sworn to before me this th day of Japuary, 124, (seal.) HUBERT N. ROBERTS, Notary Publie. | Correct—Attest: {rgsoEs EZRA GOULD, H - K. H. BAGBY, 3. ¢ PYLES] 1 Directors. 79, First Mortgage Notes mmwlmmfllmonn‘: clas improved D. O. new homes, sale in_depominations of §250 to $5,000. CORY & CORY. 907 15th N.W. i H First Mortgages $250 and Up ‘Write or Call for “Booklet.” William S. Phillips ASTH ST, AT 1$ YAV, Maln 4600, | |Etynflln and 776 bales of Sea Island, ‘bales of Sea Island ginned to January ; be about $350.000,000, N |17. Capital stock paid in 19. Undivided GINNING REPORT OUT. Census Bureau Anfounces Figures Vital to Cotton Industry. Cotton ginned prior to January 1 totaled 9,807,138 running bales, includ- ing_ 234,723 round bales, counted as hair ‘baies, 18,630 bales of American- compured with 9,597,330 running bales, including 166,072 round bales, 28,498 { bales of American-Egyptiap and b, 1069 1, last year, the census bureau an- nounced today. MAIL ORDER SALES. CHICAGO. Vanuiary 9.— Combined Sales of Sears, Roebuck & Co. and Montgomery Ward & Co. for 1923 will an Increase of more than $76.000.000 over 1922, ac- | cording to figures made public. Sales of the former for the year ere repdrted at $215.540,604. an in- crease of $33,374,780. Sales of the lat- ter concern will run about_ $134.000.- | 000, an increase of about $42,000,000 over 192 f DIVIDENDS DECLARED. ! NEW YORK, Jauuary 9.—Directors | ¢ the Nash Motors Company have de- clared an extri dividend of $1.60 on the common stock. and the regular | semi-annual common stock div H $3.60 and guarterly dividend of $1. on the preferred stock The directors of the Orgp cuit yesterday resumed dividend pay ments on the\company's _comm stock by declaring a mapthly divi- dend of 121 cents a_share. Marcus Heiman, president of the company ostimates that net earnings for 1923. after all charges and federal taxes, will approximate $1.000,000 { $1,000,000 SUIT DROPPED. MEMPHIS, Tenn., nent of the snii Company of A ®ly Wigkly lection o 4 loan kotlated more than a vea ‘larence Suunders, former ndunt” corporation, was erday by a compromise LIVE POULTRY LOWER. CHICAC TJanuary 9. —Poultry allve Tow fowls, 18§ Springs. : geese, 15: turkeys, CONDITION KEPORT OF TE or the PARK SAVINGS BANK At Washington, in the District of ¢ the close of busi RESOURCE a Loans and discounts Mg tediscounis, nee 1 in Bilis of exch sold wiih tis bank 5 Jerdrafis, unsecured U. S geverumen owned " (ineluding of any) Oiher n Hankng b 008 premiums, and’ Bxtures & viecks uud en banks (In Federal Resery e k) located out of reporting bank cash £300.00 0655 Other assets Total 15017 LIABILITIE i stock paid in Undivided profits Certified checks ontstandis, Casbler's checks uutstanding. Total of ftems 24 and $2.84502 (otler mind Aeposits nk deposits) serve (deposits payable with i 30 days) : sl deposits subject to Dividends wnpaid Total of demand deposits (oth r than bank deposits) Ject fto reserve, ltems and 30 £1.088, 868 Time deposits subje or subjec more notice, ings Centfiicates of aeposit than_for money bo Othier time deposits. Total of time deposits nd postal sas (other wed i < 32 and s reprosenting borrowed other than counts) ; Totsl District of Columbia. 1. ROBERT S, abovenamed bank. above statement knowledge and Lelof ROBERT . $TUNZ Bilmcelien, Kadl oxiva 4 beturs Bus ik St ay of January, 1924 WILLIAM €, STRATSS Bmbia, ot \\n~lmn:ln 5 TONZ. o o ‘the do solenn! that’ the Directors. OF REPORT o JANUARY 9, 1924. BEPORT OF THE | CONDITION UNION “TRUST COMPANY Of the District of. Columbia, At Washington, in the District of Columbia. &t the cloxe of Busineas on December 51, 1923 RESOURCES. L & Loans and discounts, incind- ing rediscounts, acceptances of other ‘banks. and forelgn bills of exchange or drafts. s0ld with fndorsement of this TRt Overdrafts, ‘s ured. 6, _Upsecured, $1.082.92 . overnment ~ wecurit wiied (including preminm: o, 2 7.841.33 518,547,468 e 2,000,419.38 Banking 14574 banking house From nat due from state banks, rrs wnd (rust companies in the United States (other than included in itew 10). oiher banks in_{he i city or tpwn a8 report- g hank . 5 otal of iteins 10, 11 and 13 $021,304.96 a Checks and dratts | anks G0 ity repurting b Miscell iten Interual . Other assets, It any: $8,857,078.27 LIABILITIES, . Capital siock paid io.. Surplus fuud Aot profits a Heserved for tn rest and faxes 2,000,000.00 for s fros 1 deposit depon (deposits Within 30 daye) tudividual deposits subject 1o check k & Trust deposits vodends nupaid otal of demand de subject pusable ot to_reserve, and 30 i City of W EDSON treasurer day of Jauuary, 1024. inal WILLIAM MILLER, Notary Pubile. Correct—Attest E.” Humilton, 4 3. Steliwy ienry iart 1. A. Richardson, ames B. Lambie. M. Cranford, A S, Kenoy. 1. 3. Kaufman, Ord Prestou. Aulick Palmer. Charles ¥. Wilson, 3. H. Hanna Directors lomas bunlop, Money to Loan Secored by frst deed of trust on real Prevailing interest and commission. Joseph 1. Weller §33 Wesh, L. & Troat EQUITABLE Co-Operative Building Association Organized 1879 44th YEAR COMPLETED Ansets Surpius Save lf You Would Succeed ake up your mind to joiu the itable and save systematically. Subseription for the 86th Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, President £ P. REESIDE, Sec'y CONDIYION he COLUMBIA NATIONAL BANK District of C December At Washingtom, in the RESOU & Loans and discounts, including re other banks? and foreign bills ¢ with indorsement of this bank Overdrafts, unsecured U. 8. government securiti 2. 4 ‘olumbia. 31, 1923 at the close of business on RCE ediscounts, acceptances oF sxchsnte or & S, a Deposited to secure circulation (U. S. bonds, par value) b All (ineluding premiums, it any) U . Other bonds, 6. Banking house, $73.336; furniture a: B . $250,000.00 other’ United States government securities stocks, securities, etc. . nd 8. Lawful reserve with federal reserve bank 10, the United S 12. Exchanges for clearing house. 13. Checks on dther banks in the same bank (other than item 12).... Total of items 19, 11, 12 and 1 14. b Miscellaneous cash ftems ...... Redemption fund with U. S. treas treasurer .......... BOURL L, o v o 8 6505 0 stsie s whA RS 18. Surplus fun . rofits. . . LIAEILITIES. Cash in vault and amount due from national banks. | 13, Amount due from state banks, bank. ates (other than included in items 8 ers and trust LomDE“lES in and 10) city or town as reporiing 15,045.20 urer and due from U. 500.00, .$3,860,107.14 $250,000.00 250,000.00 $104,639.99 b Reserved for interest and taxes ace crued ¢ Less current expenses, 20. Circulating notes outstanding. 23, Amount due to national banks. ... 23, Amount due to state banks, banke; the United States,and foreign countries (other than cluded in item 22) 24. Certified checks oumnnding 3 . Cashier’s checks outstanding. . Total of items 22, 23, 24 and 25. interest and taxes pald. 6,000.00 $110,639.99 438 s'and trust companies in in- '$307,531.03 Demanud deposits (other thaf hank deposits) subject 1o re- serve (deposits payable within 30 days): 37, Certificates of deposit due in less . for money borrowed). 30. Dividends unpaid. . Individual deposits subject to check. £,091,421.50 3,745.00 than 30 dayé (other than Total of demand deposits (other than bank de- posits, subject to reserve, items Time deposits subject to reserve subject to 32. Certificates of 34. Other time depolhs.,. . 35. Postal savings deposits. . Total of time deposits subject to reserve, items 32, 34 and 35.......... Gty of Waant ity ‘ashin, T ERANK on, District of Colum . STRYKER. cashier of the above-named bank. do solemnly, 26, 27 and 30..$2,101,421.50 (payable after 30 days, or 0 days’ or more uotice, and postal savings) deposit (other than for money borrowed 13,050.00 559,285.68 23,488.38 $595,823.96 ..+.$3,860,107.14 bia, ss.: swedr that the above statement is true to the best of my knowledge and belief. *Subscribed and sworn to Before m ~ HERBERT A, POOLE, " CHARLES B. BAILEY. W. CLARENCE DUVALL, JOHN JOY EDSON, NG ESTES, FRANK J. STRYKER, Cashier. e this 4th day of January, 1924. Notary Public. BENJAMIN W. GUY, JAMES A. MESSER, THEODORE W. NOYES, B, FRANCIS SAUL. JOHTN. ARTZRLL, 2r1rectors. i ,081,385.85 1 } f 6,255.00 | MONEY TO LOAN On Improved 1. C. Property at Prevalling Rates of Interest. See Mr. Field. Hedges & Middleton, Inc. REALTORS, 1334 H SLN.W. Franklin 9503 ] NORTH CAPITOL SAVINGS BANK. vashington. in the District of Columbia. e close of business December 31, 1923 RESOUICES. & Loans and dlacounts. inelud ing rediscounts, acceptances of other banks, and foreign bills of exchange or drafts ndorsement ¢ REFORT OF TH old with this bank . . overdrat $518,300.04 | 46041 | 24,264.00 | Other bonds, | 25115282 | tiew, efe..,. . Banking honwe, $53,039.57 1 and " fixtures, ok i fur- § Real extate ‘owned ‘other than banking house . ash in vanlt and ai from national bank . Amount due from su 17,286.55 | Miscellaneous cas Other assets | Total .. LIABILITIES. i stock paid in..... fund. d profits. . hecks ontstanding. checks outstanding. of items i $60.000.00 3000000 api Surpl Undivid Certified . Cashier’ Totul Demand “deporits bank deposits) subjec werve. | (Deposits Within 30 dugn): Tndividual deposits subject to . Dividends wipaid. Total - of " dems (other” than ba rubject o deposits) reserve. items 6 and 30.. ... .. £49,90 Time deposits *subject to serve (payuble ufter 30 dass, or wubject to 30 days' of more notice) and postal savings: Certificates of deposit (other than for money borrowed) posits sub: | items A2 $621.624.56 =t HAEL, president of the do solewnly swear that satenent Ix true to the best my knowledee and belief THEODORE MICITAE! Subscriled and_sworn {4th day of January. 1924 (Seal.) HBENJAMIN ROBINSON. otary Public, % puLE JOHN A ECKE! CHARCES" W FLOECKHER, Directors, reserse, 7 | District of ¢ 1. THEODGRE | above-named bank . President to before me this % Correct—Attest A G870 | o First Mortgage Loans Lowest Eates of Interest and = 3, vt Aedion omas isher & 4 5 728 1o iy TPANY: Ine REPORT or"'rm-, “coNpifioN the UNITED STATES SAVINGS BANK. At Washington. in the D, at the close of busines,, 1 RESOURCES - 8 Loans and discounts, ing redisconnts, of other banks. and fors billa of exchanze or drafi. wold with indorsement Commission. of Columbin mber 31, 192 s i vaut and rom national bar Amount due Trom s bankers and 7ot nles in the United {other than fneluded in 10) .. hanges Tofal o £201.830.11 b Misceilaneous casn ftems: oF i items Fing house 10,11 and 14 Total . LIARILITIE ck paid in 47528 1127148 . Capital s Surphis 1 . Undivided profits b Reserved for de. preciation .. 2. Amo $100,000.00 100,000, nt due to national bunks. Ame to state baukers sud trust compu nies in the United States a; foreign conntries ( than included in ftem . Certitied checks o ashier's chacks o items 5 nd ‘deposits other subjert thiar within 30 dayw) ndividual deposits subfect ta Teas 1 than f Other de. Total of demand (other than hank subiect to reserye. 50 Time deposits sibje erve (payuble afier 30 da r subject (o 30 days more notice, and postal sa ings) Certificat, daposita dopowits) tems 2 . Other time deposits. . ‘otal of depronits Ject to reserve. i nud 34... Total ... District_of Columbia, .2 I. WM. R. DE LASHMUTT, eashier of tie abose-named bauk, do solemuly swear that 1 above statement is true to the best of 1 | knowledge and tel WM. R I SHMUTT, Cashior d and sworn to before me this T 1924 THOMAS E. PETTY Notary 1" Correct—Attest WADE It WM. D €0OPER BARRY WILBUR H JOHN 5. SH ZEPP. EHY Direct REPORT OF THE CONDITION OF THE DISTRICT NATIONAL BANK OF WASHINGTON Washington, December RESOU a Loans and discounts, in the District of Columbia, at including rediscounts, close of busir 31, 1923 RCES. acceptances of other banks, and foreign bills of exchange or drafts sold with indorsement of this bank secured, $508.86; unsecuged, § accotint of “acceptances”’ execu Overdrafts, a Customers’ lability this bank and by other banks nd now outstanding 41 par value) . b All other United Government securities owned: a Deposited to secure circulation (U. tates government securi-- a, §2.011.44. for account of th s bonds. 502.006.00 ties (including premiums, if any) Tatal oasisas Other bonds, stocks, Banking house, $662 . Real 345.62: securities, efe furniture and fixture state owned other than banking house. Lawful reserve with federal reserve bank. Ttems with federal reserve bank in Cash In vault and amount due from Amount due_from state banks, bankérs ited States (other than in the U and 10 Exchanges for clearing house. . Checks on other han hank (other than item 12).... Total of items 9. 10, 11, 12 and 13 process of collection . national banks 3 nd trust companies included in items 8. 9. s in the same city o town as rep: 2. a Checks and_drafts on banks (including f eral reserve bank) or town of reporting bank. b Miscellaneous cash items.. B Redemption fund with U. Treasurer e = Total Capital stock Surplus fund . Undivided profi Circulating notes Amount Amount due to national banks paid in outstanding. ‘Amount due to state.banks, bankers and the TUnited States and foreign countries cluded in items 21 or . Certified checks outstanding. . Cashier's checks outstanding. .. Total of items 21, 22. 23, Demand deposits (other than bank erve (deposits 6. Individual depo: . Dividends unpa Total depos { Time deposits subje subject to 30 d d located outside Treasure. LIABILITIES, ue to federal reserve bank (deie 24 ana of and due from U. a 550.000.00 460000 00 L513.83 000.00 red ¢ 5 rust companies ir (other than in- $450,870.19) subject to re- dep! paynble within 20 day ts subject to check. of demand deposits (other than hant items t to reserve (nayable after 30 days. or more notice, and e 26 and 30 $3.687.446.14 or sgal savings): Certificates of deposit (other than for money borrowed).. Other time deposits. Postal nge deposits...... Total of items . United Stat war loan depo: disbursing officers. S. government securities 82, 34 and 35 U borrowed time deposits’ subject to reserve $1,533,708.05 avings), including t account and deposits of United State. 110,000.0 . Bills pavable (including all obligations representing mone borrowed other than rediscounts). 364,000.00 . Notes and bills rediscounted, including acceptances of other banks and foreign bills of exchange or drafts sold w indorsement of this bank. “Acceptances” executed to furnish dollar exchange b Le e item €)........ Liabiiities other than thoss above stated. Total ! city of Washington, Distri i B L. OFFUTT, Jr. ca ! swear that the above statem j pellef. i or | (Seal) Correct—Attest ROBERT N. HARPER, C. J. GOCKELER, H. L OFFUTT, Jr. by this ban s acceptances of this bank nurrhascnl or dwoumofl t is true to_the best of my Subscribed and sworn to before me this Tth day of January, BENJAMIN ROBINSON, h . 885.275.68 or customers, and o~ 55,746.56 746 13,962.96 532 -$8,862.266.67 the above-named bank, do_solemnly knowledge ani OFFUTT. Jr., Cashier. 1924, Notary Public H. L. THOS. F. K ©. C. ROGERS, ELISHA HANSON, SIDNEY 1. BESSELIEVRE, Directors. In Convenient Interest For Investors Denominations 62% Main 6888