Evening Star Newspaper, January 10, 1924, Page 29

FINANCIAL, COAL SALES SLUMP. ‘Weather Favors Purchases Northern New England. PORTLAND, Me., January 10.—Fall mnd winter coal business here has been only two-thirds of normal. Mild weather reduced demand for furnace coul, and use of ofl and sott coal nlso account for the decrease. An dant wupply of both anthracite and bituminous coal is on hand. Heavy shipmients of soft coal are being made to manufacturers in in- terlor cities and towns, due to some apprehension of a strike. Schooner freights from Chesapeake ports do not exceed 90 cents a ton. Belated snow has stimulated lum- bering operations in the big woods. in MANY TIMES —we bheve heard the expression IF only had invested my money in e A First Mortgage Notes 1 would now have the princlpal plus the earned interest in- stead of securities that repre- sent worthless assets. Go to some reliable broker and buy first mortpage motes. ¥ou can then dismiss from your mind the worries of losses. Send for our bookiet telling how you esn buy in amounts of $100.00 and up. Chas. D. Sager LOAN DEPARTMENT 924 14th St. N.W. Main 36 We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street TEPORT OF‘ CONDI’! oN Federal-American National Bank Washington, in the District of Columbla, at the close of businass on December 31, 1923, RESOURCES. . & Loans and discounts, including rediscounts, acceptances of other banks, and foreign bills of exchange or drats sold with indorsement of this bank ....... . $7,469,307.04 . Overdrafts, unsecured Siaieio : - 240.¢1 . U. S. government securities owned: & Deposited to secure circulation ( par value) . . b All other United States xuv"rnmenl s(cnrlllv: (including premiums, if any) Total Other bonds, stocks, securitie S . Banking hose, $457,0005 furniture wnd fiktures, $24.043.28] Real estate owned other than banking house Seoas . Lawful reserve with federal reserve bank. . . Items with federal reserve bank in process of collectior . Cash in vault and amount due from national banks. . Amount due from state banks, bankers and trust compa in nxl» ‘ljl ted States (other than included in items 8, change for clearing ecks on other banks in the same ¢ity or town as report bank (other than item 12) .. Total of ftems 4, 10, 11, 12 and 13..... a Checks and drafts on banks (including federal reserve bank) loca outside of eity town of reporting bank .. & 3 b Miscellaneous caush items bonds, $500,000.00 1,252,888.87 2,052,888.87 1,157.462.44 §66,810.83 15,077.19 320023.63 128,626.96 18,587.93 40,000.00 £0,081.33 Redemption fund with U. S. treasurer . Other assets Total LIABILITIE: - Sapital stock paid in R oL 550,000.00 301.624.45 Circulating notes outstanding ... 7$2.750.00 . Amount due to federal reserve bank (deferred credits)..... 103,308.98 Amount due to national banks .... Ll 27779931 . Amount due to state banks, bankers and trust companies in the United States and foreign countries (other than tn- cluded in ftems 21 or 22) .... S . Certified checks outstanding o i 3 . Cashier's checks outstan 2 Total of items 21, 22, 23, Demand deposits (other than ban i serve (deposits pavable within 30 days - Individual deposits subject to checl . Dividends unpald oy Other demand deposits ... Total of demand deposits (other than b ject to reserve. items : i Time depos biect to reserve (payabie affer 30 days, or subject to 30 days’ or more notice, &nd postal savings): . Certiicates of deposit (other than for money borrowed) . Other time deposits ... . Postal savings deposite . Total of time Qeposits and_35 . Unlted States dep war loan deposit Qisbursing officers . Bills payable (including all borrowed other than rediscounts) . Notes and bills rediscounted, including acceptances of other banks and foreign bills of exchange or drafts sold with indorsement of this bank .80 ,733.54 3 S 38,125.00 $566,738.73 its) subject to re- 7,018,774.29 30.581.50 1399.. deposits) sub- 706.04 1,663.334.07 ,835.19 uh)Prl to reserve, items 3 oy .$2,081,875.50 ®). including ount and t'll—poslli of United States 30,643.21 924,000.00 Total . Washington, I. C., ss. 1, CHAS. D. BOYER, cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge wnd belief. CHAS. D. BOYER, Cashier. Subscribed and sworn to béfora me this 9th day of January, 1924, (Seal) MILLARD S. YEATMAN, Notary Public. Correct—Att. JOHN POOL GEO. E. WALKER, W.T. GAI WM. JOHN EYNOX HARR T. C. DULL BRENIZER HARRY KI WIN 3. LINTON, W. G. GALLIHER. ARTHUR D. MARKS, WALTER A. BROWN JOHN T. CROWLEY. RALPH W. LEE, Directors. MYER COH FIRST MORTGAGE NOTES FOR SaLk IN DENOMINATIONS OF 500 DOLLARS AND UPWARDS Reondidt T Hnon %o 0307 Conmecticest Slhonue Choose Your Investments With Care —————C__Our_nvestments vith tar¢ Reservations Now Being Made for those who have funds available for in- vestment during this month. Our Mort- gage Department would like to show why you should place your January funds in First Mortgages on improved real estate in this city. Nothing Could Be Safer and they vield a Liberal Rate of Interest. Just teiephone Main 2345 and ask for the Mortgage Department and have details submitted to you. ; SHANNON- & LUCH 713 and 715 14th Street N.W. Main 2345 nEPORT OF THE CONDITION MERCHANTS’ BANK AND TRUST COMPANY ‘At Washington, in the Diatrict of Oclumbia, et the close of Dusiness oo December ST, 1033 1 above riatement ir true to the best of wy | . Qrerdrarts, . Certificates of deposit RESOURCES. @ Loans and discounts, includ- ing redincounts, scceptances of other banks and foreign bills of exchange or draf sold with indorsement of this bank . unsecured . 8. government securities :\rwnvd‘ (including premiums, any) . Other bon tes, ctc. 6. Banking how ture and fixtures, 161.17 . Cash tu vauit and amount due from national banks ... . Amount due from state banks, bankers and trust companies in the United States (other than included in item 10) Total of iteme ,167,520.82 7816117 002,400.60 678,364.78 #3.708.45 85,255.43 $7,374,081.88 LIABILITIES. Capital stock paid fn Burplue fand . Undivided Amount. i 1o bankers and trust compant in the United eign countries . . Certified checks outatanding. . . Cashier's checks outstanding. . Total of ftems 25. 24 and 25 © "$80.201.08 Demand 'deposits (other th . Certificates of depostt due in Irte $han 0 ‘days (other for mones borrowed). . Dividends er than bank deposita) sub. fetoto SETe lreme an $64.712.17 it deposita wublect to re. merve (payable ~after days. of subject to 30 days’ or_more notice, and postal savioge) : (other than for money borrowed). . . Other time deposits Total of time deposits sub- Ject 1o reserve, ftems and 358,18 other n United States. borrowed peyable (including all lgntions representing mon crowed other than red counts) ... Letters of ‘credit’ and trav. clers' checks wold for cash 4 outstanding Alities other above stated ... than’ those | . .$7,874,081.88 | 300.000.00 | 8th day of Jauuary, 192 NS, cashier of the named bank, do solemaly awear that the | knowiedzs and beljef. E. W. POPKINS. Cashier. S e $13,803,891.93 l - s!.:'oo.oou.no’4 Subseribed 9th_day of Januars. “Seai.) d sworn 1924, to before me this HARKY J. DONOGHUE. Notary Pubile. . EETER A DRURT. orrect—Attest: RrPoRT OF THE CONDITION CONTINENTAL TRUST COMPANY, At Washington, in the District of Columbin. a* the close of business on December 31, 1. a Loans and discounts, . a Customers' . Furn " Rey . Capital stock paid in. | Surplus fund... . Individ PEROURCER, tnclud ing rediscounts, accepiances of other banks and foreign bills of exchange or drafts soid with indorsement of this bank . ALY Overdrafis, uskecured liability ecrount “acceptances executed by this bank and by other banks for account of this bank, aud now outstanding. U. 8.’ goverament securities owned (including of . Qther bonds, ties, ete . are. state owned other then banking house ....... Lawful reserve with rexerve bank . Ttems federal 1923 124.281.82 | ’ 19.057.64 252,107.40 . Amount due from state banks, bankers and frust companies in the United States (other than included in items 8, 9 azd 10) . Total ot federal bank) located outside of gits or town of reportiag bank .. 5 Other assets . Total LIARILITIES. Undivided profits .. $25,783.25 & Reserved for in- terest and tazes sccrued . Amount due to natienal banks . Amount due to w banks, Lankers and frust compantes in the United States and for- eign countries (other than tncluded in ftem 22)... . Certified checks out Casbier's checks out Total of itews 22, Demand depes Dank deposits) serve (deposits payable with. in 30 days): 1" deposits subject to check Certifintes ot depostc dus in less than 30 days (other then for money borrowed) 80. Dividends unpaid a1 Other demand depor Total of demand deposits (oth- er than bank deposits), subject to reserve, {lems 28, 27, 30 and 31...81.814,660.40 Time deposits wubject to re- Gervo (payable after 0 days, or subject to 30 days’ or more notice, and posta’ navings . Certificates of deposit (other than for money borrowed).. . Other time deposits ... Postal savings deposif Total of time deposits -u\-yn 1o reserre, items 82. 34 2 . Bills pavable . Ac Subscribed _and _sworn th day of January, 1924 (Seal.) ligations representing borrowed other than connts) ... tances executed Uy nks £ other than redis those 9,01 L T.00808s +.$1,000,000.00 - '100,000.00 | 12806404 | At 17,144.05 +$4,008,355.92 cwear that the | tatement s true to the best Corveet—Attest: WADE BATES SIMON g, oorER. oPY 3 of the ! of my o etore me. fits , PARKINSOX Safety Investment Year ] Select a security combining Large Earnings Salability Purchese for monthly income Now yielding over 8% Circular on Request Thomas W. Brabany & Co. 510 Evans Building Main 6189 . {16. ;swear that the alove statement s true m M 1 Nm REPORT OF Tll CONDITION E“/L" ot 5. % "“‘..:‘l“t: FIDELITY SAVINGSI o ot o 2 COMPANY, INC. CORY & CORY, 907 15th W.W. t Washington, In the Distriet ot Columbla, ‘n- close of business on December 31, 1920. REPORT OF THE CONDITION Of the RESOURCES. L& Loans and dis- NORTHWEST St LBE10d SAVINGS BANK, sl " At Washington, In the District of Columbia, at gee. banhs the close of business on December 31, 1928, e e RESOURCES. eold_with fndors 1. lluu and _discounts, inelud- ment of this bank discounts, - acceptances these ofF other " bagks, and foreign bills of exchaige or drafts sold with indorsement of this bank 365,985 54 . Overteatis, Unsecired LT ATL 3 onds, stocke, e 198,504.11 . Banking Nouse, § niture and fixtures, $18,900. . Cash fn vault and amount due from national banks Total of ftem 10 ....¥! . b Miscellaneous ca (except shown 13 b) ot b Acceptances as- other banks counted . Total loans ... 6. Banking house $88, niture and fxtures, . 7. Real estate owned other than banking house . 10. Cash in vault and amownt due from national banka . 11. Amount due from state banks, bankers and trust companies in the United States (other than included fn item 10).. 1B. Checks on other bamks in the sume city or towa a8 repert- ing benl Tosl of Total .... LIABILITIES. Capital stock pad in lus fund vided served for ini and taxes mcerued. b Reserved for depre clation on fixtures. . 241274 107.58 1,677.08 . Certified checks ontstanding... . Cushler's checks outstanding ; Total of items 2 n £ $1.074.50 Demand deposits tother than bank deposits) subject to re- erve (Cepoetta paysiie willin 30 day: Individual deposits subject to check . Other demand @epowits Total of demand deposits (other than bank deposits) aubject reserve, ftems LIABILITIES. u l"anfll‘ml ‘.tu‘t pald 1 ... . Undivide $40,828.78 2,890.97 for losses.. T,484.82 o ClLess current ex- neen, faterest and zes paid . 20861 Time deposits subject to reserre {payable atter 80 days. or wub- ject wrve. (payable After 30 dagk. or subject to 30 dars’ or more notice, and postul savings): Certificates of deposit _(other thaa for moey borrowed). ... Other time deposiis Total of time depoclis v reserve, item 002784 09 e {inciuding all_ob- representing money other thun redis- postal wavings): 32, Certificates of deposit (other than for money wed) ... 389,80 34. Other time deposits | 200910 20. Biils puyabie (incioal ob- iigations reprenentiog money Porrowed ofher then ‘redie | countr 40. Notes and biils rediscounted. fa- cluding acceptances of other ba ind foreign bills of ex- © $6,500.00 borrowed dorsement of this brak 44 Lisbilities other than above stated Di aarned bank, 4o solemuls rwear (At O statement is ihe' st of w3 and beitef. Subscrited 1 Total . TUnited Stutes of Americs S bove-named bank, do solemnly swear that the ave llnl"mr«lllh.lxl ;mc to the best of my owledge an 5 Wi CLARK TAYLOR. Manager. Subeeribed and “worn ‘to. before me this Tth day of Jauwary, (seat) SOLN F. A, DECKER, Notary Pubilc. Correct—Attest: and wwors District of Colum- (Seul ) Correct—Atter o pary ENRY P. RLAIR. LEWIS FLEMEE. FRANK & BEIGUT. REGG ©. BURNS, ' FU I EDMONDS. Directors. Director. REPORT OF CONDITION Of the FRANKLIN NATIONAL BANK in the District of Columbia. at the close of business on December 31, RESOURCES 1s and discounts, including rediscounts. acceptances of h nks, and foreign bills of exchange or drafts sold with indorsement of this bank = 2. Overdrafts, secured, $764.69; unmecured, $1,094.35 . U. S governm securities owned: & Deposited to secure circulation (T. value) b All other United States government sel'urlue- (including premiums, if &R¥).e..eoeoun-nn Washington, . bonds, par $225,000.00 238.526.62 Total ese . Other bonds, cecurities, ot L Eanking hotse, $153,200.00; furniture and fix Tawful reserve with federsl reserve bank..... | Ttems with federal reserve bank in process “af ‘collection. i1t #nd amount due from national banks. uankers and trust companies |nduded in items & 9 stocks from state bar (other than r Clc‘l’ln( “house n other banks in the same ofty or town &s reporting (other than item 12). of items 8, 10, 11, 12 and 1 $305,430.61 .4 drafts on banks (Including fedoral bunk) located outside of city or town rilng bank .e 3 reous cash . Exchange ecks bank Total . a Checks $662.01 iteme 1,622.28 2,284.29 11,260.00 55.00 ..34.748,112.89 r and due from U. §. Redemption fund with U. treasurer Other assets Total LIABILITIES. ided & Reserved 1004, L Reserved Yot Noses _nd donrecllllun 62.218.87 . Circulating notes outsgandlag...... . Amount due to federal re ve ban! | Amount duc to national bunks..... Amount due to state hanks, bankers the Uaited es and forels: cluded in items 21 or rtified checks outstandin . Cashier's checks outstanding Total of items 21, 22, 23. 2 liemi\hd deposits (other than posite payable within thirty days): I deposits subjcct to check ! deponit due in Jess than 30 daye (oum- ‘than borrowed) ¢idends unpaid r demand deposits. 9 Totai of Gemand deposite (other than bank de- pusits) subject to reserve, items 26, 27, 30 857 and 31) -$1, Thme deposiis sulject 1o reserve (payable after thirty day: to 54 divs' or more notice, and postal savings su Certificates of deposit (other thun for momey barrowed) deg B abies (deferred credlts). na trust companies in couatries (other than in- seeeeee P 350,956.47 2.101.60 16,226.58 430,294 1,583,137, 43,965 . Other time Postal cavings Totul of time deposits subject to 32. 24 and 35 . . Liabilities other than Do -$2.076,336. those & it Total . City of Washington, DI ¢ Columbia, ss. 1, THOMAS I’. HICK) AN, cashier of the above-named bank, do solemnly 1o the best of my knowledge and THOMAS P. HICKMAN. Cashier, Subscribed and Sworn to before me this Tth day of January, 1924, (Seal ) JOHN H. SHREVE, Notary Pubifc. Correct—A WM H H MILTON HOPP'P:& F. HALL, R A :manmv F WALTER STILSON HUTCHINS, Directors. REPORT OF CONDITION POTOMAC SAVINGS BANK Washington, in the District of Cvllxmhll. at the Decomber 31" 1053, close of business on 1. a Lo a_di ta,. lnolufleg ronics . & Loans an scounts, including rediscounts, acceptances of other banks and foreign bills of |lfh sold with the Indorsement of this Hrohes drlfll Overdrafts, unsecured .. Other bonds, stocks, secufl!h‘s. Banking house, 5!3.5!5 13; furniture and Real estate owned other than banking house. . Cash in vault and amount due from national b nk . Amount due from state banks, bankers and trust complnlu in the United States (other than lncluded in ftem 10)... Total of items 10 and 11.... . 3227 o;g -',i . Other assets . 2170846 9,980.25 123.54 $3,332,002.40 . Capital stock paid in. . Surplus fund .. 9. Undivided profits. | Certified checks outstanding. Cashier's checks outstanding. RS Total of {tems 2¢ and 25. $i7.692.40 Demand deposits (other than bank depoaits) s - serve. (deposita payable within 30 daysy: " ’“' e Individual deposits subject to check... Dividends unpaid Total of demand deposits (other than ban dapo-fll' subject to ruorva. items 26 and 30. Time deposits subject to Teservi subject to 30 days’ or more notice, . 100.000 00 1,088,010.53 6,000.00 $1,098,010.58 82. 34. Other time deposits. Total 0132um°d d': e (i ! $1.875,499.86 9. Bills payable (includin ABLSAIIES -4 borrowed other than m«.eif.'.‘. Presenting money 134%53.60 1,740,741.26 150,000,00 S i ceveee. $3,232,000400 % BOWLES, casiler of the above-named bank, do solemn. Rind ihie abiova A verimnt 18 tHae the et my knowledge and B. A. BOW! S\lbnrlbad and sworn to héfol'b mq this 9th day of January, 1924, ety & TRVING 'WooD, Notary Pubite. Correct—Attest: HE‘IRY W. O,'P'U‘l T, WILLIAM W. ANDERSON, PR A‘fi’é’ NY M. nh' WENDEL snor:wudm. SAMUEL ARTZ, J. WILLIAM STO)! ALPHONSE M. BAER, EMORY H. BOGLEY, %KEB Wfl"%fi. irectors. swear lief. S, Cashier. DAVENPORT B. ELGIN, EDMUND FREEMAN, WILLIAM H. HANEY, GEORGE W. OFFUTT, THE EVENING STAR, WASHINGTON, D. C, THURSDAY, JANUARY 10, 1924 Money to Loan mw“l—dm—nncmtfi S 2t tros on el e FIRST MORTGAGE ]oleph I. Weller §20 Wesh. L. : Tram INVESTMENTS ' 6%2% MONEY TO LOAN Retoncosa mes v $1,000 and upward. On Improved D. C. Property at = | Secured mpr Prevailing Rates of Interest. on lapcoyed % Properties Only See Mr. Fleld. JAMES F. SHEA 643 Louisiana Ave. N.W. 'FIRST MORTGAGE NOTES Fur sale. Consult us if you have avallable funds for investmont. THOS. E. JARRELL Member Washington Eesl Estate Boam Woodward Bldg. Mata 786 EQUI Coflpm:tg:ilding Orgunised 1870 44tk YEAR COMPLETED Assets . ...84.755,170.52 Surplas « o0 0 81,248,320.08 Save If You Would Succeed Make uwp your mind to join tie Pauitable and save aystematically. Subscription for the 86th Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON; President FRANK P. REESIDE, Sec'y N | Washington's Oldest National Bank S-T-A-BILIT-Y A banking institution that has served the public without interrup- tiort for well over a century—grow- ing apace the while, and constantly widening its facilities — must of necessity warrant widespread confi- dence. TThe Metropolitan is such a bank, and its bid for your patronage is based upon proven strength, parmanency and abllity to serve, Organized in 1814 Our Savings Dept. Pays 3%, Compound Interest National Metropolitan Bank Capital, Surplus & Undivided Profits Over $1,700,000 15th St., Opposite U. S. Treasury—110 Years Old 6%% and 7% First Mortgage Counon Bonds E offer a diversified list of 614% and 7 First Mortgage Coupon Bonds, secured by improved, income-producing properties in Washington, D. C. These honds are sold in any amount in denomina- tions of $100, $500, $1,000 and $5,000, and in any maturity from two years to fifteen years. On 6149 issues Federal, State and D. C. tax-free fe tures bring the gross yield to 7.13%. Mail the coupon below or telephone Main 6464 NOW for descriptive circulars. NO LOSS TO ANY INVESTOR IN 51 YEARS <% F.H.SMITH COMPANY f Founded 1873 SMITH BUILDING 815 FIFTEENTH ST. Please send me circulars deseribing your offerings of 615% and 7% First Mortgage Coupon Bonds. Name ...... Address Convert Your January Funds Into 6%% First Mortgage Notes RESERVATIONS are now being accepted for - our January issue of 614% FIRST MORT- GAGE NOTES. Although this is the first time in a number of years that we have been able to offer our first mortgages at this higher rate of interest, they carry the customary margin of security and bear our full recommendation of safety and merit. The same security we have offered for the past 54 years, during which time no client has ever lost a single penny of interest or principal on any investment purchased from us, can be had for a limited time only with an interest rate of 614%. Reservations Will Be Accepted Until Your Funds Are Available Swartzell, Rheem & Hensey Co. 727 15th Street Northwest 54 Years Without Loss to An Investor