Evening Star Newspaper, March 28, 1925, Page 15

FINANCIAL, N. &W. EARNS $12.85 A SHARE ON COMMON Net Income for 1924 Totals $18,- 243,348—Regular Dividends Declared. By the Associated Press, NEW YORK, March 28.—The.Nor- folk and Western earned $12.85 a share on the common stock in 1924 after preferred dividends, compared with $13,85 a share in 1923. Net in- come of §18.243,348 decreased about $545,000. The income account for the vear included $3,126,636 interline bus- iness for December on examivations of the Interstate Commerce Commis- sfon, which in previous years bad been carried over to the mext year thus giving 1924 the benefit of 13 months’ interline busin With this item’ excluded, last year's balance for the common was equal to $10.33 a share. The company declared at Norfolk vesterday a 4 per cent dividend of $919,692 on -adjustment preferred stock and an § per cent dividend of $10,60 common stock. It also paid the Government §3 728,210 on account of the Gnal settle- ment for the guaranty period; retired $200,197 worth of road ‘and equip- ment bonds and then added approxi- mataly $3,000,000 to the balance on hand, making a surplus of $47,361,- 638, W}!ITE MOTOXS' NET OFF. NEW YORK, March 28.—The White Motor Co.s net income for 1924 de- ined to $4,084,248, equal to $8.16 a share on the capital stock, in com- parison with $6.964 or $13.93 a share in 1 Surplus for the year after dividends was 32,084,218, against 54,964,666 the year before FIRST MORTGAGES FOR SALE Denominations of $250, §500, $783, $1,000 and upwards 6:2% All Loans Made on FProperty Locsted In the District of Columbia JAMES F. SHEA 643 Louisiana Ave. N.W. When You Need a Loan Think of WELCH, Loan Specialist Money to Loan At 5%,% and 6% INTEREST Before Pla or Renewi: Your Torhe % Taer e Consult WELCH, Realtor Loan Specialist Quick Replies Reasonable Charges 15th and N. Y. Ave. Main 43464347 “WHEN"” .buying our FIRST MORTGAGE 6%2% INVESTMENTS You: are assu precaution has been taken to sa rd your {nterast. A personal inspection and conservative tion are twa of our strict require. . Prompt and courteous service lows the purchase of our securities. Notes now on hand in amounts of $100 up. ©. L, O/Doniiell, Mgr.Morig.Dept. J. N. Hughes, Asst. CHAS. D. SAGER Realtor M. 363738 924 14th St. N Norlhwextem Cmnlly & Surety Insurance Co. of Milwaukee, Wis. On the 31st day of December, 10 quired under the District of Columb amended June 30, 1 August 18, $1.000,000.00 908,500.00 Capital ‘stock, authori Capital stock, paid u Al Cash in office .. Cash i baok . Real estate Real estate morigages (Arst 1i % and bonds (market v & Premiums llected and hands of agents S Tuterest due and accr All other assets Total assets . ‘alaries, fents, expenses, tazes, Totak Habilities £ business transacied during the bility, Fidelity and Surety. Amount of risk assumed during the vear 1924 | ualty aud Surets i the sear Premiumi wiitien durha th 1034 . Losses paid during the vear i L. TRUITT, Vice President. LER, Secretary. swornto 1925 Subscribed _and before me this | | | 1 OIL: FIRM HAS LOSS. NEW YORK, March 28 —The Trans- continental Ofl Co.'s' painphlet report i for 1924 shows a loss of $621,764 after cxpenses, interest and abandoned leases, but before depreciation and depletion. Loss of $2,363,221 was Te- ported for 1923. First Mage Notes For Sale in Any Amount Sceurity Caretally Selected 637 and 7% A Well Defined System Assuring Conservative Appraisals The Clients of _this house are doubly ‘protected in their investments by the extreme measures used ta secure and offer only those investments meeting and passing our stringent requirements. 7% First Mortgage Realty [Investments STATEMENT OF THE CONDITION Of_the UNITED STATES BRANCH OF THE ROYAL INSURANCE COMPANY LIMITED. OF LIVERPOOL, ENGLAND. On the 31st day of December, 1924, required upder the District of Colum bia Code, amended Juue 30, 1902, and August 18, 1911 Deposit capital . ASSETS. Cash in office . L Cash in bauk i Real estate ... Real est (first. lien) Prepiums uncollected aud iu bands of ugents ... due 2.416,652.41 Interest and rents aud accroed . Total assets Net unpaid Reserve ay Taw Sataries, rents, Naxes, Ste. 3 Relusurunces op paid losses doe from unau thorized companies Al other Nabiliti Life liability . Perpetual fund expenses. £02,028.15 10,615.31 Total liabilities .. Surplus . ... Gharacter of b ing the year 192 tor Vehicles, Inland Navigation, Tor- nedo. Sprinkle Civil Comimotion und Explosion and Earth- quake Insurance. Amount of risk assumed during’ the year 1924. sustained e year 1924 .. Money received the year 1924 Expended during Year 1924 Losses during % 11,349,009 15.117,458 ARTER, nergl Attorney. Subscribed and sworn to before me this 20th duy of February, 19 JOHN J. CLARK c. Kings County, N.Y. Kings County Cierk's, 62; Kings Cous ty Register, 6038: N. Y. County Clerk's, > “ounty Regis- * Commission” expires JAS C. ADKINS, General Agent, 1422 F St. the WAL [t T OF THB CONDITION ot the 'ROYAL NDEMNITY COMPANY OF NEW YORK On the Slst day of December. 1924, as required under the District of ¢ s Code. amended June 30, 191 August 18, 1911. Capital stock 5 ‘apital stock, paid up, in $1,000,000.00 1,000,000.00 Cash in ban 5,420, Real estate (first len) ... Stocks and bonds (mar- ket valye) mr'n;'-ku 45.000.00 16,041,242, Of the U. S. Breneh of the London Guarantee ud Accident Co., Ltd., Qf ¥ew York en the 3lst day o ct 1924, 88 required undvr the District lumbia Code, amended June 30, August 15, 1911 Capital stock, cash deposit ASSETS. in office 3 in bank teral loan . Jeutate marigiges stocks “and bonds value) Premiums hands of Interest due uncollected s ents ... nd accried Total assets . LIATILITIES. Net uspaid claims ... Rewerve as required by law. Salaries, fents, expenscs, taxes, efe oo Commmissions, Drokerag Capital statutory deposit Totsl liabilities an year sation, fidelity surety, eugine and machinery aite collision, other ¥. acter of business transacted during the Accident-health, liability com giass, burglary, hofier, auto ' property damage, D. insurance. Losses .u-mned during year 1024 Income Tecei the $11,517,991.68 16,710.018.08 18,302,998.92 . M. BERGER, 3. 3. PALLAY, U. 8. Manager. Secretary. Subscribed and sworn to before me this 4th Aay_of Februa 1925, iSeal,) H. W. REAL, Notsry Publie. New York Cannty No. 58, Commission expires March 192 DAVID M. LEA, e Apmti oL . and_Adjacent Territory in and Va. Dmo G st AW Tel. Main 317, Member iasurance Club of D. C. Premiums uncollecied and in hands of Toterest due All other a 2.681.870.89 Total assets .. LIABILITIES. et unpaid clais Reserve us required $8.279.234.00 6,299,305.30 ‘rents, ete sions. W o Salaries, xes, Comm| etc Capital stock . expenses, “brokerage, ing the year 1924—Casualty, Fidel- ity and Surety. Amount —of premiums written duriug the year 192¢ Tosses _sustained the year 192: Money veceived the year 192 Expended mmnx year 1024 . AL J. G. MAYS Subscribed this 16th day of Febmary, 1925 (Real.) ROBERT during mmnt the Kings Comnty No 215, Cert. m.d’in Y. County, No. 420. GENERAL AGENTS CASUALTY— JAS. C. ADKINS, 1422 F St. McLEAN CO. 1518 K St. BONDING— J. F. A. BECKER 627 Colorado Bldg. E EVENING Loaus Repayable - Monthly - Over One Year <> The Morris Plan Bank 13th and Eye Sts. me the. um of Cr STRENGTH INTELLIGENCE This is what we claim Interest Rate Today Is 6‘/;%— Denominations of 100 to §1,000— Partial Payments Received— Mortgage Investment Dept. 713 and 715 14th St. N.W. Main 2345 _STAR, J. Stanley Long Jas. A. MacElwee C. E. Miller 'EMENT OF THB CONDITION 0f the STANDARD ACCIDENT INSURANCE COM- PANY OF DETROIT, MIGH., on the 31st day of December. 1924, s required Wnder the District of Columbia code. amended June 80, 1902, and August 18, 1911 - $2.500.000.00 2,50,000.00 ST Capital s Capital stoc Cash in ofes Cash in_bank Real estate Iteal eatate mortgages (Arst u.m Stocks Colluter Premius hands of agent: Interest due and & All other assets: Equity Workmen's Compensa- tion Reinsyrance Bureau.... Miscellaneous ... . : Brm 32 52 fi?iiifl 3 2§ Hesiss %2 8nALE3 Total asset .$17,500,304.36 LIABILITIES. ot vnpaid claims. oserve as required by law...... Volugtary reserve for contin- geuciey Salaries, . $5.306,485.21 6,093,382.73 125,000.00 534,624.95 48,784.85 300,000.00 Tenty, expemses. k. Surplus over il Yiabilities e e Total Habilities. .. Character_of business t vear 1924: Accident, heaith, llability, suto and other property damage and collision, 8delity. surety, check forgery. Dlate giass, burglary and theft insurapce. Tosses sustained duing the year 1924 A Money . received during the u. 1924 Expended during the sea } CHARLES C. BOWE) Secr tary. Subscribed and sworn 1o before me this-23rd day of February, 1925. (Seal.) JOSEPH M. VINTER. Notary_Public. " Vice President. STATEMENT OF THE CONDITION of the UNITED STATES BRANCH OF Corporation, Limited. 114 Fifth Avesue, New York City, nder the District of Columbis Code, oy Thine 50, 1002, and August 18, 1811, amende Capital stock deposit. . ASSETS. Cash in bank. Real e “ estate -on ges (Brst Stooka. and bonds - (market value) Premiume uncollected and in hands of agents. 5 Interest due acerued All other asset: Total assets. LIABILITIES, Net unpald claims Reserve a8 required by law.. Reinsuragce premiums. rents, exp tazes, etc. f‘nmnluhn brokerage, etc Gapttal depoutt, AIL other liabilitie Surplus . r 1024 Credit % “paid " during 192¢ . Money received during the ear e r'r ary, 1925. ru m&u A kBRI B, FISCHER, Kings_ County, No. New York County. No. 380 Vo, 6146; 184; certificate ister Kings _County, reglster’ New York County, kioh expires Mareh 30, 1026. Main 9700 The Ocean Accident & Guaranty on the 31st day of December, 1924, 33 Te- 4756,000.00 . §1,144,328.40 85,878.73 294,450.00 - 14,862,576.75 2,531,404.08 207,802.78 425,629.34 + $7,701,439.81 18,807,008.34 Notary Pvillv, Ne. 4230.- My commis- ASHINGTON, Determine how much mohe m Hu you decid r-‘ m by word' tur "t— mlkc him proye it. of his uwn romoter is Dutunt 3 g'tor D. “m-l.Fbl;ert;u;g-u. ne. Fire, Torasds, Burgiary, Lisbility, Piate Glass and 46:-puu'mén-« ALLANE.WALKER&GOMPANY INCORPORATED Money to- Loan Secured by first deed of trust op real estate Prevailing’ thferest 'and commission Jm I.Wflc 420 Wash. L. & Trmat Bldg., #h & T N.W. H‘lllty and Surety Bomds SUPERIOR INSURANCE SERVICE BERTRAM G. LENNON MANAGER INSURANCE DEPARTMENT ALLAN E. WAI B, l;rgnlde-( Y GADDIS, dr.. Vice Prosident » Secretary-" STATEMENT 0" TBB CONDITION " of Pittsburgh, P3. 9 tie 8lst day of December, 1024, an ve- yndér the District of Columbiy ‘Oud ‘Sune ‘90, 1902, aad August 18, 1011. 1 stock L stock, { lhms, occlectod Laterest qus and. accrued Befnpiicauce recoretatie o ioses ald . Total assets .. LIABILITIES. Net unpaid claims . Renerve as required by Salaries, reatr. .ZE‘ stock " Tax escrve TB|R5g3E ¢ 581833828 =3 Character of bus year 1924—Fire loaurance. Amogat o€ ciek suumed dun-‘ year 192 wustained during the v 1 . u«; y received during the year . Expeuded dorivg the year i924. 2/673,086.27 A. H. TRINBLE, Presldent. Subscribed and sworn te befors me {bis 5th day of March, 108 (Seal) ALBEBT G. SCHAUB. Notgry Publie. My commission expires February 19, 1920. Eg E ] 8 25 | E [T PHONE MAIN 2890 Members of the Insurance Club of Washington STATEMENT 0" mm CONDITION On the B1st day of December, 1924. as re- quired under the District of CGolumbia Code, amended June 30, 1902, sad August 18, 1911 Gash i omce Cals i Beuk Tieal evtate morigages (Brst lien) Stocks and bonds (miarket value) 07,428647.94 Premiums uncollected aod in Bands of agents .............. Interest due und accrued _..00l0 All other wnsets . 9.927,005.87 584518, 000,156, Total assets . LIABL Net unpald claims : Reserve as required by law Capital stock ... Total Hebilities ..... Character of business trapsacted during tbe year 1924—Fire and Marine Ingarence. Amotat o€ riak damuned Jur- ing the year 192 $13.396,206,965.00 Losses -uulmd “durlag the - 33,536,348 34 v 1924 50,440,499.75 Money year 1924 Bipevded d 1924 . 50,568,882 34 145, WYPER, Vice President. JOHN M. HOLMES, Asst. Secretary. Subscribed a0d sworn to before me this 6th day of March, 1925 (Seal.) A. H. WIGHTMAN. G Notary Fubife. “the DISTRICT AGENCY COMPANY and EDWARD 8. BRASHEARS Manager and General Agent O. L. Kenney V. B. Greeley L. A. Smith Spencer B. Cwrry Horace J. Phelps T. Cogan Hammet Max Vollberg R. E. Titlow C. L. Taylor Proctor, Brashears & Townsend, Counsel STATEMENT OF THE CONDITION Ot the CALEDONIAN AMERICAN INSURANCE | COMRANY OF NEW YORK | | | on the 318t day ot December, 1024, &3 required under the District of Columbla code. amended June 30, 1907, yud August 15, 1911 Capital stack,: paid up, in eash.....§200,000.00 ASSETS. . $34.172.64 T81,047.09 62,463.96 9.720.78 5.430.3¢ Cash in bank..... Stocks and bonds (market value).. Premiums uncollected and 1a b of agents. Tntereat due and scerued. All other assets Total assets..... .$805,834.81 LIABILITIES. . $30,657.91 . 349,282.20 17,400.00 required by law. rents, expenses, tages, etc. Total liabilities Ohgracter of business t; year 1924: Fire aod tornado. Amount of risk assumed du; year 1924.. Losses 1024 Money 1024 . ained during the year nct(v during 1 - 364.806.26 Brpended duriog the year 102¢.... 33071290 B. C. CHRISTOPHER, H. B. FRANCE Vice President. Secrelary. Subscribed and sworn to before me this 16th day. of February, 1 (8eal) EDWARD B. YAN DYEE. ry Public. STATEMENT OF THE CONDITION ot THE PALATINE INSURANGE COMPANY, 1TD., OF LONDON, ENGLAND, on the 31st day of December. 1924. 35 required under the District of Columbia code. amepded June 30, 1902, and A Cash in bavk... o Real estate mortgages (Arst lien) Storks aud bands {market value) Interest due and All other aseets: Relasurance coverable on paid losses Total assets. . LIABILITIES. Net uopaid claim Reserve as required Salaries, rents, Commissions, brokerage, gic. AlL other liabilities Surplus . Estimated gation Tosses . Total liabilities Character of busing year 1924: Fire, motor vehicles, aircraft, inland navigation and transportatiom, tor- nado, windstorm aud cyclose. hail, sprinkler, t. civil commotion and explosion; penses of inves and sdjustment of 1924 Mgney received during ihe year 1024 Expended duriog the yes WHITNBY, P’ALADEI. Subscrived yud swora to befors me' thh dth day_of Pebruary, 1925. 3. L TOOMEY, i8¢ Sotary Publi atery Puplic, Bronx County, Y. County, No. 221 Riot and Civil Commotion, Life STATEMENT OF THE CONDITION of the Union Assurance Society, Ltd OF LONDON, ENGLAND ©On the 31st day of December, 1924, as re- quiréd by the Distriet of Celumbix Cods amended June 30, 1902, and August 18, 1911. Cash in baal Stocks and bends value) Bills receivable. U uneallected and l.fl‘l..ol agents Inters 319,451.74 2§,858.00 11,113.35 Total asseta..o.q .45,119,819.32 LIABILITIES. Net unpaid claims. Reserve as required by law 206,751.00 { 2,088,477.60 51,000.00 . 1,500.00 Surplus... 730,080.72 s of investi- adjustme t All other liabiiities Estimated exj ation anc Charaeter of busine: par 1024 Fire, x- | Amount of ris! - $436,075,456.00 1,825,142.92 2,882,702.72 2,384,928.08 ALE, ignager. mmm“ bed and_sworn to ‘befors me of February, 1925. ai) 3. L. TOOMRY, Notary Publie, | Ki Breax Couaty, Ne, 17. New York County, Ne. 221, STATEMENT OF THB CONDITION Ot the Star Insurance Co. of America NEW YORK, NEW YORE Ou the day of December, 1824, as re- quired ui smended Jume 30, 1911, Capi toek Capital stoek, pa otk la Yank.. Zo - Tands (meshet 3,680,875.00 e LIABILITIES, Net umpaid claims.... P'an required by Taw. exvensss Losses recaverable from' thorized companies. . Total Mabilities. otal labitie Vehicles, Spelnkler Leakage. Riot tion and Bxplosion. . i :l'- 17,404,857.00 1,205,510.67 2,481,901.90 2,281,225.90 NOTTINGHAM, Vice President. L PEEDIG, - ecre bgcribed sod swors, to elors me 5 l'l-&“L bruary, ing the yea Tosses susty year 1924. Money received during the year 1924 . Expended duriog 1024 ... the 'year Yoois 4. LiTTMANy, A e T e he, u,lm )un) 30, 1 222 SOUTHERN BUILDING 15th H Streets Northwest WASHINGTON, D. C. Hartford Accident and Indemnity Company of Hartford, Conn. Fisancisl statement, December 31, 1924. ABSETS. Government bonds State, county bos Rallroad bonds Miscellaneous boods . Stocks ... Real estate,” mortgages, £ 4 4 ! §234 Shgse & Cash i offices and Premiums {0 course 288 Interest acerued Sundry adséty .. =l2:3%3) 38328 8% g8z Total sasets . LIABILITIES. for claims and_saits for unearned premiu; for commissions - for "premiums, Reserve Reperve Reserve Reserve days . Reserve over for taxes 2 Reserve for sundry bills. etc Reserve for billa receivable end unadmitted assets ....... $19,95¢ Capital paid in $1,000,000.60 Net surplus over il linbilities . Surplss te palicbalders Staye ot Comnecticut. Couaty "of "Hartford, fy 3¢ Barttord. mi.: ROBERT C. L. HAMILTON, being duly sworn. says that e is the comptroller of the Hurtford Accident snd Indemnity Co., and tbat tbe foregoing is & troe and correct state- ment of the said company’s Snancial condition a4 of the SISt day of December, 1924 R. €. L. HAMILTON, Comptrotler. STATEMENT OF THE CONDITION e ey JNSTBANCE OOX- CINCINNATL o, ooX required Smended Capitsd stock....... .. Capitel stock. vaid up. i cash., Cagh 1o ofce Cath in bank Real extate Reat " extato lien) ... Rodda (market Taive) | Prem Terrod Interest acerued .. Policyholders’ obij ATl other assets. 2 S mortgages (Arst HERRR B|858 3 B2 BY ¥ A8 Total assets. H b dividenys semaiaiig u unp-m pifal stock A1l other liabilities: Surplus deriyed from non- Surplus _ derived patiog policies Total liabilities. Character of busine year 1924: Lil Amount of risk the year 1024 10,744,574.31 $205,064,402.84 cted during the GBORSR LW Vice ribed a0d sworn to before me th February, 1925. D. H. WOTTENGER, Notary Public, Hamilton County, Obio, Sul day. (Beal.) We Write Insurance in All Its Branches, Representing Leading Companies— Automobile, Fire, Casualty, Plate Glass, Accident and Health, Boiler, Electrical Machin- ry, “All Risk” Jewelry and Furniture, Transit, Explosion, Tornado, STATEMENT OF THE CONDITION Of the Newark Fire Insurance Company OF NEWARK, NEW JERSEY On the 81st day of December, 1924, an re- quired ynder the District of Columbia Ceda, ymended Juse 30,1002, and August 18, Capital stack 1, 3 Capital stock, x4 .47 ln.m.:; 4,472,873.50 1,624.32 €35,002.15 45,007.80 estate morigages L. (market hands of agents. Interest du All other t Philadelph ers’ Association Due from reinsurance companies on losses paid Detreit and Total assets. L Net unpald clpims. Estimated expenses of adjust- an required by Taw. Tents, expen taxes, ete. Qommisaions, brokerage, ete Csh _dividczds ~remaint 14,141.93 21003818 e | AL other llabiliic luerv’ for deduction on ecom- oy's building PN‘DI i llter; Relnvurance due N thorized losse B gl 8. Charscter of business transacted 1.1'1:? i {‘lr 1924: Fire, ‘l'-ruln. Automobil lflll!. Bl’flllltt hll- '!PIo-ls ¥ L FPARQUHAR. ", il """‘gi" at ulb'li, ‘wnd Fresident, 0. E. nnwolfl'a Becretary, at 2.1." Subseribed and pworn to g TR T b 07 of Febraary, 1006 2 1. STELLO, Notary Public for New Jersey. 1321 Conn. Ave. lf When You Have F o fl 15th & N. Y. Ave. M. 4346 FINANCIAL, WE FINANCE ~—all; elasses of ‘incomeproducing properts Large Loans a Specialty Curreat int. gbie & Richardson, Inc. 816 15tk St N.W. Invest, Consult WELCH, Loan Specialist Extablished 1599 6Y2% and 7% Real Estate Notes for Sale in Amounts from fas0 Up to $1,000 or |1} EEDERAL - AMERICAN Consult Welch, Realtor NATIONAL BANK Tans Spasistine RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President rate and commiss Reference: Any Bank, Trust Co. or Titie Co. in the District. No loss to an investor in 25 years. Excellent Office For Rent Saul Building 925 15th St. N.W. An ideal location for business offices. Modern in every re- spect; elevator service. B. F. SAUL CO. Main 2100 925 15th St. N.W. The Prudence Company of New York 3 Invites Applications for Construction Loans Long-Term Refinancing Ameounts of $50,000 and over FRED T. NESBIT Loan Correspondent Investment Bldg. Main 9392 Free From Federal Income Tax For Safe Investment Buy First Mortgage 6% Gold Notes Secured by Washington Real Estate J. LEO KOLB 923 New York Ave. Main 5027 When You Buy First Mortgage Notes YO'UR principal protection Kes in - the integrity, responsibility and experi~ ence of the company through which the purchase is made, Extending over a long perfod—more than 1) ycln—lhu house has transacted busi- ness amounting to millions of dollars for thousands of clients without-a single loss to any investor, The significance of this record is appar- ent and it is safe toassume that a company which has maintained a perfect record for over half a century may be expected to exercise the same care and judgment in handling its clients’ funds in the future, Our - First Mortgages are now yiclding 6Y%%, and may be purchased in denomi nations of $100 and upward, m&HENSEYCO. I‘/VCfV 55 Years Without Loss to An Investor,