Evening Star Newspaper, October 17, 1924, Page 29

FINANCIAL. ‘BUSINESS PICKING UP. Western Maryland Figures Still Under Normal. Special Dispatch to The Star. BALTIMORE, October 17.—Western Maryland Raflway Co.'s estimated earnings for the first week in October Show a decrease of $47,868 as com- pared with the corresponding week of 1923. The total, $376.587.25, also Ehows a decline as compared with the total of $495,573.22 of the week Pprecedin At the same time it is interesting to note that the percentage decreasc for the week ended October T—11 per cent—as compared with the corre- Money to Loan Secured by first deed of trust on real estate. Prevailing interest and commission. Joseph 1. Weller $20 Wast. L. & Trust F N.W. MONEY TO LOAN on improved D. C. property at prevailing rates of interest. See Mr. Field Hedges & Middleton, Inc. sponding weck of 1923 iIs smaller than the percentage decrease for the week ended September 30, when the total dropped 16 per cent, as compared with -the like week of 19 REALTORS 1314 H St. N.W. Franklin 9503 \- Money Available for First Deed of Trust Loans 617 Interest Prompt Replies to Applications JAMES F. SHEA 643 Louitiana Ave. N.W. FEDERAL-AMERICAN NATIONAL BANK | RESOURCES $13000.000 1315 F ST Joku PooLe . Your Banker Knows. ‘When in doubt about a security consult your banker. 1t is equally | as much his interest as yours to pro- | tect your savin You trust him| With ‘your deposits—why not trust| him with your investment problems? | CRUDE OIL AT PREMIUM. FORT WORTH, October 17 (Spe- cial).—Crude oil is becoming in- | creasingly difficult to buy in all the flelds in the northern half of Texas, | even at a premium. One offer made | Tuesday was $1.40 a barrel, a pre- | cents over the posted small quantity was g Continental Trust Company Capital One Million Dollars 14th & H Streets LU WE FINANCE Apartment Houses Business Property Resldence Property Hotels, Ete. Higbie & Richardson, Inc. 816 15th St. N.W. “When Buying” Our 7 ‘70 First Mortgage Notes —your nvestment s secured on carefnily selected improved properties and placed 1 sound, conservative fon. Not 0w asailable in amounts of $1CJ up. Apply Loan Dept. O’Donnell, Mgr. ONE-YEAR Second Trust Applications Wanted Immediate Reply Given. Herman Schmidt 729 15th St. N.W. Main 261 Chas. D. Sager Realtor 924 14th St. N.\WV. - CONDETION OF THE { BANK OF COMMERCE AND SAVINGS At Wachington, in th at the close of busi 30 Main 37 38 OLT OF CONDITION of the PARK SAVINGS BANK At Washington_ in the District of Colnmb: s October 10, 19 1. a Loans and discounts, counts, accept banks and for bills of exchange or drafts, sold with indorsement of this bank oL 2. Overdrafts. unsecured : 4. U..S. government securities owneq 5. Other bon, ote 6. Banking Louse, $200,000; fur- nituie and nxtures, $9,170.59 7. Small steel hanks .. : 10. Cash in vault and amount due frem national banks........ 1. Amoust due from stat 2. Overdrafis, nse 4. U S government securities owned (including premiums) 8. Other bonds. stocks, securities, ®. Banking lonse, niture and 34,49 T Real estate _banking ho fur- 21, 104,005.70 than inelide Total of items and 11 ... 14, b Miscellaneons cash it 16. Other assets........... 11 and 13 £456, 4. a Checks and drafts vty bank $100,000.00 | urplus fund 85,000.00 dovided a Reserved for inter. est and taxes acerued ... $49,490.99 cLess current ex- penses, interest and taxes paid. . ated wity outxide or town rting bank b Miscellaneous « items of $1,154.38 11,870, Amonnt due 10 national bank. . Amount due to state banks. bankers and trust companies in the United States and for. eign countries (other than 16. Other assets . Total x| e £43,350.54 osits (other th <) subject fo reserve (deposits payable i within 30 dass) checks ontstanding 26, Individual deposits subject to 1standing. 3 ke £6,027.61 (ofher ' than s of depoit due in 0 days (other than borrowed) . 30. Dividends unvaid ... Total of demand deposits (other than bank deposits) subject 1o reserve, items 26, 27 and 30. 05495 Time deposits subject to re- serve (pasable after 30 days, or subject to days or more notice, and postal Ravings) : 32. Certificates of deposit (other than orf money borrowed) 34. Other time deposits.......... Total of time deposits subject to reserve, items 2 and L. 8R05,506.38 44. Liabilities other than those above stated ........... Demand serve (deposits payable with- in 30 duys): 26. Individual deposits subject to G e <. 1,179,054.90 Total of demand ts (oth- er than bank deposits) ject reserve. item 4,90 Time deposits subject_to re- serse (payable after 30 days, or subect to 30 days' or more notice, and postal sav- ings) : . Certificates of deposit (other than for money borrow . Other time deposits Total of time deposi Ject to reserve, items 3 {81,413 to 81 Tobalt. s oo Distrdct of Columbia, ¢ 1. JOHN M. RIORD( red bank. 4o solemniy statement ix true to the best of my knowl- edge and belief JOHN M. RIORDO! Subscribed and o 15th_day of October, 1924. (Seal.) HARRY S. WOLF, Notary Public. Total Distriet of € g I, ROBERT S. STUNZ, cashier of the above-named bank, do solemnly swear that the sbove statement s true to the bust of my knowledge agd belief ROBERT S. STUNZ, Cashier. Subscribed and sworn o before me this 13th day_of October, 1924 ear) | WILLIAM C, & Correct—Attest THOMAS 803 WALTER H. KLOPFER, iEORGE A, PREVOST. Directors. What Is a Safe Investment? Stripped of everything except solid facts, a Safe Invest- ment is one which eliminates all probable chances of loss of principal and assures a reasonable and regular interest yield. 3 Unusually high interest rates and safety of principal are seldom combined in an investment, because when the safety of principal is slightly doubtful it becomes neces- sary for the borrower to offer high interest. As the chance of losing the principal becomes greater the interest rate becomes higher—and vice versa. Successful investors—those who make permanent profits—choose investments that are attractive first be- cause of safety and reasonable yield. These elements are combined in the FIRST MORT- GAGE NOTES we negotiate and offer to the public at par. The property secured is all IMPROVED and is right here in the, District and not at some distant point where it is difficult to inspect. THEN, too, our collection and supervision service are at the disposal of our clients WITHOUT CHARGE. TAKE TIME to phone or write for our literature. It will pay you to do so. shier. me this Correct—Attest: Directors. Mortgage Investment Department TfiE EVEN. NG STAR, WASHINGTON, D. MONEY TO LOAN On Improved Pronerty in D. Very Desirable Offices —in our bank building. fac- ing New York Avenue, now available Reasonable rent. Apply main floor. CITIZENS’ SAVINGS BANK 1336 New York Avenue YEAR TERMS. Lowest Rates. Investment Bldg. How can you get it? 0. and Md. ANY AMOUNT—-THREE. FIVE sad TEN BUILDING PROJECTS FINANCED. FRED T. NESBIT Free Course in Banking to All People It is yours for the asking. We have for free distribution a booklet, “BANKING Reasonable Rents for Suites or Single Rooms High Ceilings—Ample Light Day and Night Service in Modernized €all in person at this get your copy. cept to read it. . _Federal-American National Bank Bldg. 1317 F Street N.W. Apply Room 505 Phone M. 256—M. 700 Your Bunk Under United Supervision FACTS,” giving you full information. bank and No obligation on your part ex- THE DEPARTMENTAL BANK C., FRIDAY, OCTOBER 17, 1924. 1714 Pennsylvania Ave. N.W Statex Government 1,!% ,'MMmg(j‘§.wfml;‘qmw AR AR gx_ i S = == = = HE Double protection of ample security and a strong business organization safeguards each of our 65, First Mortgage Invest- ment Notes. You can purchasc the nation from $100 up v i any denoni- Constructio 1430 K Street NG Assured Safely WA MAN ompany Main 3530 At 1 4 IS 11.\\;%\3 T Z0S DI R RETURN WITH SAFETY Ozer a Quarter are They non - fluctuating steady, secu of a 5 Centur) Without over. a Loss B. F. SAUL CO 1412 Eye St. By Investing It In OUR FIRST MORTGAGES stable, that you need never worry YOUR MONEY CAN EARN A GOOD rities N.W. Charter No. 4 City of Washiniton y I, ALBERT S. GATLEY, Vice President and Cashier of the above-named bank, do solemnly swear that the above statement is true, to the best of my knowledge and belief. , Vice President and Cashier, HANNON - & LUCH 713 and 715 14th Street N.W. Main 2345 REPORT OF CONDITION Of the LINCOLN NATIONAL BANK Washington, in the District of Columbia, at the close of business on Octo- ber 10, 1024, RESO! . . a Loans and discounts, including rediscounts, acceptances of other banks, and foreign bills of exchange or drafts sold with indorsement of this bank..... . Overdrafts, unsecured . U. S. Government securi value) b All other United (including premiums, Total TR Other bonds, securities, etc......... . Banki furniture and fixture Real estate owned other than banking house. . Lawful reserve with Federal Reserve Bank.. . Cash in d amount due from national b: . Amount due from St anks, bankers and trust r than included in item Exchanges for clearing hous X . Checks-on other banks in the bank (other than item 12)....... Total of items 10, 11, 12 and 13 . Redemption fund with U. S. Treasure Tre Secntan . Other assets, i companie 8 and 10) ame city or town reporting $836,10 and due from U. Total..... . Capital stock paid in . Surplus fund.. e . Undivided profits L .. $313, a Reserved for interest and taxes accrued c Less current expenses, interest and taxes paid. . Circulating notes outstanding. . Amount due to Federal Reserve Bank (deferred credits). . Amount due to national banks. .. . Amount due to State banks, bankers and trust compani the United ites and for countries (other t cluded in items 21 or 22). Shoin . Certified checks outstanding .. . Cashier's checks outstanding. Total of items 21, 22, 23, 24 Demand deposi serve (deposits payable within 30 days . Individual deposits subject to check Certificates of deposit due in less than 30 da money borrowed) S . Dividends unpaid. e Total of demand deposits (other than bank deposits) subject to reserve, items 26, 27 $2,342, Time deposits subject to reserve (payable after subject to 30 days’ or more notice, and postal savings): Certificates of deposit (other than for money borrowed).. . Other time deposits .... . Total of time deposits subject to reserve items 32 and 34................ 3,138,328.03 . Liabilities other than those above Total of Columbia, ss: ALBERT S. GATLE Subscribed and sworn to before me this 16th day of October, (Seal.) HELENA D. REED, Notary Correct—Attest: ‘W. W. GRIFFITH, FLOYD E. DAVIS, ALBERT S. GATLEY, H. R. NORTON, GEO. C. PUMPHREY, A. D. LOFFLER, JOHN W. BRAWNER, G. TAYLOR WADE, MELVIN C. HAZEN, LEROY W. HERRON, R. A. DORE, rve District $6,946,827.66 30 days, or - 8,311,328. No. 6.000.00 $300,000.00 300,000.00 368,668.07 6,045.30 2,288,304.50 54,020.00 234.00 34,500.00 $6,946,827.66 1924. Public. HENRY T. OFFTERDINGER, Directors. Equitable Co-operative JOHN JOY EDSON, President Organized 1870 Ansets ... 84,841,737.46 Subscriptions for the 87th Issue of Stock Being Received SYSTEMATIC SAVINGS Shares $2.50 Per Mnnth way. way to accymulate money. Join the Iquitable and put aside part of your earnings in a Systematic You will find it a most effective . Lawful r . Dividends . Postal . United St District of Col | that the above stateme: Charter No. . a Loans and . Overdraft: > . . Other bonds, . Banking house, . Amount 13. Checks on other . Capital . Surplus fund . Undivided profits . Circulating notes outstanding . Amount due to national bank: . Certifi . Individual depo: . Certificates of deposit due . Other demand deposits .. . Other time deposits . . . Postal savings deposits “" City of Washingto belief. (Seal.) Reserve District No. 5. REPORT OF CONDITION OF THE Washington, the District October 10, in 195 a Loans and discoun 7 Overdrafts, sccured, $ 6.91; uns U. $ government securities owned: a Deposited to secure circulation par valu b All other Z (including premiums, if any) (. 800,000.00 ccurities 1,062,655.90 Total Other bon Banking house rve wi urities, ete $X1%,180.11; furn ) Federal Rese ure ve Bank....... der Bank in process of collection. nd amount due from national banks Amount due from State banks, bankers and trust companies in the United States (other than included in items 8, 9 and 10) for cle s on other Lank (other ¢h b Miscell ¢ 1pte Items with ¥ *ash in va anks in the same city n item 12). 4, 10, 11 items. NATIONAL METROPOLITAN BANK of Columbia, at the close of business on $5,481,946.63 827,584.46 1,216,717.19 1,103,847.9: 2,513,315. 0 1,018,151.87 232,597.63 56,295.35 15.269.44 40,000.00 £0.00 $18,004,284. 1 stock paid in plus fund vided profits a Reserved for interest crued © Less taxe Circulating Amount duc Amount due Amount due to St in the United ied in items 21 or ed checks outstandin ecks outstandi item ind deposit paid not to F to al 1 e Bank (deferred credits). nks, bankers and trust companies nd foreign countries (other than 2) g ] 3, 24 and 25.. 1.664,275.43 (other than bank deposits )subject to re- (deposits payable within 30 days) lual deposits subject to check. Certificates of deposit due in less than 3 for money borrowed). unpatd ... S of demand deposits (other than_bank deposits) subject to reserve, items 26, E I e e B N e (T Time deposits subject to reserve (payable after 30 day: subject to 30 days or more notice, and postal savings) “ertificates of deposit (other than for money horrow Other time deposits savings deposits.. Total of time deposit items 34 and 35)...... Sl s $2.769,043.37 es deposits (other than postal savings), including war loan deposit account and deposits of United States disbursing officer: e Letters of credit and travelers' checks sold for cash and outstanding i ties other than those al serve Indiv Total Subject to reserve, Total -.$18, mEia. City of Washi I, C. F. JACOBSF ngton, Subscribed and sworn to before me this 15th day of October, ROBERT E. FRANCTS RIGGS, JOHN C. WEEDON, w. Correct—Attest: GEO. W. WHITE. RUDOLPH KAUF CHARLES JACOBSI 800,000.00 540,000.00 ! 10,808,255.86 4.320.00 40,304.00 34,718.88 ,633,852.39 100,472.10 813.83 1,700.00 6.885.24 ,004,284.12 cashier of the above-named bank, do solemnly swear nt is true to the best of my knowledge and bellet. C. F. JACOBSEN, Cashier. 1924, . BRIGGS, Notary Public. LTER BROWNLEY, TOWNLEY A. MCKEE. H REILLY WILLIAM F. GUDE, W. A, WIMSATT, H P RY LEONARD, ANK P. REESIDE. 342 REPORT OF CO OF TH NDITION October 10, 1924, discounts 35, unsecured i S. Government securities owned: to secure circulation (U. S. bonds 3 sk +.$1,050,000.00 ates Government securities , if any) . .. 2.438,781.25 a Deposited par valu b All other U (including premium; Total ol e ks, securities, etc. $450,000; furniture Real estgtc owned other than banking house Lawful Yeserve with eral Reserve Bank...... h in vault and amount due from national banks due from te banks, bankers and trust com- panie the United States (odder than included in items § and 10 LT e xchanges for clearing house . o banks in the same city or town as re- (other than item 12) Total of items 10, 11, 12 and 1 ellancous cash items e lemption fund with U. Treasurer and due U. S. Treasurer .... g casenee nd fixtures, porting bank S = -$1,428,423.40 from 5. Other assets WALTER R._TUCKERMAN, Reserve District No. 5. NATIONAL BANK OF WASHINGTON At Washington, in the District of Columbia, at the close of business on ,176,249.47 310.67 540, 121,597.18 132,195.60 5,903.09 9,055.60 52,500.00 1,426.60 ,209,596.69 .s12, stock paid $1 b Reserved for depreciation - .7 15,490.00 - $204.776.10 85,019.14 c Less current expe! interest and taxes paid nks, bankers and trust companies and foreign countries (other than Amount due to State b in the United State included in item 2. checks outstanding hier's checks outstandin .. Total of items 22, 23, 24 and 25.......... $82,122, Demand d ts (other than k deposits) subject reserve (deposits payable within 30 days) s subject to check in less than 30 days (other than borrowed) eeee . & to for money Total of demand deposits (other ‘man bank deposits) subject to reserve, items 2557 amd S1 $5,100,740.25 Time deposits subject to reserve (payable after 30 days' or more notice, and postal savings: Total of time deposits subject to reserv items 34 and 35 - ..$4,005,986.23 Liabilities other than those above stated Total 5 District of Columbia, ss: 1, 5, 3,/ 812, ,050,000.00 800,000.00 116.756.96 050,000.00 13,139.27 17,091.52 27,386.97 24,505.19 051,879.56 35,500.00 13,360.69 905,323.08 100,663.15 3,990.30 209,596.69 1°J. FRANK WHITE, Cashier of the above-named bank, do solemnly Subscribed and sworn to before me this 16th day of October, Correct—Attest: CLARENCE F. NORMENT, GEORGE L. STARKEY, JAS. TRIMBLE, FRANK R. JELLEFF, GEO. P. SACES, E. C. BRANDENBURG, RICHARD E. PAIRO, MORRIS E. MARLOW, MAURICE F. FLYNN, JOHN G. MEINBERG, G. W. FORSBERG, JOHN M. BEAVERS, JOHN ED. CAMMACK, ODELL S. SMITH, MARK LANSBURGH, CHAS. SCHAFER, D. J. CALLAHAN, JOHN SCRIVENER. bove statement is true to the best of my knowledge and Eoarinat she s J. FRANK WHITE, Cashier. 1924, EVERETT H. PARSLEY, Notary Public. Directors. - Building Ass’n | FRANK P. REESIDE, Sec’y 44th YEAR COMPLETED’ [ FINANCIAL. lal———|o|—— o] —=n| Invest Your Money Without Risk First trust loans secured on Washington Real Estate when placed by reputable firms, never exceed Fift per cent of the actual value of the security. The margin of safety therefor is always a guarantee against any possiblle loss. 7 . We have notes on hand for immediate delivery pay- ing as high as 7% interest, secured by first mortgages on high class Northwest property. Will Be Glad to Furnish Particulars. MOORE & HILL, Inc. 730 17th St. N.W. Member Washington Real Estate Board § = EEEEEE Charter No. 3625, 2 29 fl lfl = : District No. 5. REPORT OF CONDITION OF THE COLUMBIA NATIONAL BANK At Washington, in the District of Columbia, at the close of business on October 10, 1924, RESO1 3 1. a Loans and discounts, including rediscounts, acceptances of other banks, and foreign bills of exchange or drafts sold with indorsement of this bank. Overdrafts, unsecured . £ . U. S. Government securities cwned a Deposited to secure circulation (U. value).... ey b All other Urnited States Government securities (including premiums, if any).... bonds, par $250,000.00 Motale. o e . Other bonds, stocks, securities, ate............ - Banking house, $73,336; furniture and fixtures - Lawful reserve with Federal Reserve Bank < - Cash in vault and amount due from national banks e - Amount due from State banks, bankers and trust conpanie in the United States (other than included in items & and 10 . Exchanges for clearing hous - Checks on other banks in the bank (other than item Total of items 10, 11, b Miscellaneous cash items - Redemption fund with U. Treasurer.. . 389.45 998.39 LIABILITIE . Capital stock paid in She . Surplus fund .... . Undivided profits St 4 Reserved for interest and taxes ac crued 0 i ié ,000.00 30,411.10 3,000.00 ¢ Less current expenses, interest and taxes paid. . Circulating notes outstanding..... bt - Amount due to Federal Reserve Bank (deferred credits) Amount due to national banks. = Son e R - Amount due to State banks, bankers and trust companies in the United States and foreign countries (other than in- cluded in items 21 or 22). . Certified checks outstanding Cashier's checks outstanding. S : Total of items 21, 22, 2 and . .$315,615.35 Demand deposits (other than bank deposits) subject to re- rve (deposits payable within 30 days) idual deposits subject to check. ... Certificates of deposit due in less than for money borrowed). : Dividends unpaid .. et Total of demand deposits (other than bank deposits) subject to reserve, items N T L 0 days (other than 3.640.00 436.00 Time deposits subject to reserve (payable a subject to 30 dayvs or more notice, and postal savings): . Certificates of deposit (other than for money borrowed).. . Other time deposits. SRCE . Postal savings deposits. Total of time deposits s items 32, 34 and 35 Total . o . ¥ of Washington, District of Columbia, ss I, FRANK J. STRYKER, president of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief FRANK J YK President. Subscribed and sworn to before me this 14th d: er, 1924 (Seal.) HERBERT A. POOLE, Notary Public Correct—Attes w. CE DUVALL, N JOY EDSON, EST! . FENTON FADELEY, ALBERT F. FOX, BENJAMIN W. GUY, GEORGE M. LEIMBACH, PORT O OF THE DISTRICT NATIONAL BANK At Washington, in the District of Columbia, at the close of busin October 10, 1924, NOYE FRANK J K B i T Directors. TT1 - a Loans and discounts, including rediscounts, acceptances of other banks and foreign bills of exchange or drafts sold with indorsement of this bank 2. Overdrafts, secured, $397.10; unsecured, $2, s . a Customers’ liability account of “acceptances” executed by this bank and by other banks for account of this bank and now outstanding.. = ; . U. S. Government securities owne a Deposited to secure circulation ( valie).....o..0u0 b All other United States Government secus including premiums, if any).. S. bonds, par P ties, eetenanaeaan. 265,552.44 Total . Other bonds, stocks, securities, etc.. i . Banking house, $944,624.62; furniture and fixtures, § Real estate owned other than banking house. . Lawful reserve with Federal Reserve Bank.......... Items with Federal Reserve Bank in process of collection. . Cash in vault and due from national banks........ : . Amount due from State banks, bankers and trust companies in the United States (other than included in items 8, 9 and 10)... . Exchanges for clearing house. . : G . Checks on other banks in the same city or town as report- ing bank (other than item 12)..... Total of items 9, 10, 11, 12 and 13....... . a Checks and drafts on banks (including Fed- eral Reserve Bank) located outside of city or town of reporting bank : b Miscellaneous cash items. 182,648 259,182, T 24,548 $1,141,4 _ 46,932.18 . Redemption fund with U. S. Treasurer and due from U. Treasurer 150.00 50,000.00 . Capital stock paid in. e 400,000.00 . Surplus fund .. . Undivided profits .... ..39 a Reserved for interest and taxes ac- crued .. . 12,300.00 ¢ Less current expenses, interest and taxes paid.. . Circulating notes outstanding. . Amount due to Federal Reserve Bank (deferred cred . Amount, due to national banks... . Amount due to State banks, bankers and trust companies in the United States and foreign countries (other than in- cluded in items 21 or 22) = . Certified checks outstanding. 5. Cashier's checks outstanding s Total of items 21, 22, 23, 21 and .....$1,000,846.76 Demand deposits (other than bank deposits) subject to re- serve (deposits payable within 30 days . Indlvidual deposits subject to check. . Dividends unpaid........... e Total of demand deposits (ot than bank deposits) subject to reserve, items 26 and 30 ....$4,137,157.61 Time deposits subject to reserve (payable after 30 days' or more notice, and postal savings): . Certificates of deposit (other than for money borrowed). . Other time deposits Postal savings deposits. - Total of time deposits subject to reserve, items 32, 34 and 35 $2,169,393.62 United States deposits (other than postal savings), includ- ing war loan deposit account and deposits of United States disbursing officers e . U. S. Government securities borrowed..... . Bills payable (including all obligations representing money 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 . 701,87 . Acceptances executed by other banks for account of this bank . L3 e . Liabilitie ,135,197.11 1,960.50 1735,831.47 48,117.73 154,012.25 100,000.00 110,000.00 .43 112,573.03 5,544.13 Total .. . $10,048,220.45 Distriet of Columbia, I, ROBERT N. HARPER, President of the above-named bank, do sol- emnly swear that the above statement is true, to the best of my knowledge and belief. ROBERT N. HARPER, President. Subscribed and sworn to before me this 16th day of October, 1924. (Seal.) HUGH W. BARR, Notary Public. Correct—Attest: LEON 8. ULMAR, C. J. GOCKELER, H. L. THORNTON, C. C. ROGERS, ROBT. N. HARPER, J. MILLER KENYON, Directors, THOS. F. KANE,