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AVESRELDVER s, i N LOGALMARGET s o Special Dispateh to The Star. PHILADELPHIA, April 10.—The Egg Sa[es SIow—Strawber-w increase in the cost of building construction is emphasi d by fig- 1 B ures made pub today Over ries Cheaper—Apple De s e - been autho: ed in the ast month, mand Is Light. but the cost of these buildings as compared with 1915 involved ex- penditure of rly double the EVENING FRIDAY, APRIL 10, 1925. FINANCIAL. REAL ESTATE LOANS 1/ 0, ANY AMOUNT 1| Loans for One Year 5 /1, A, APARTMENT HOUSES With BUSINESS PROPERTY ] s RESIDENCE LOANS AT LOW RATES Monthly Deposit on Account FRED T. NESBIT INVEST! T BLDG. Main 9392 Market Received Daily s B sl FEDERAL - AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President WE FINANCE —all classes of income-producing property. Large Loans a Specialty Current int. rate and commission Higbie & Richardson, Inc. 816 15th St. N.W. THE STAR, WASHINGTON, D. C, BONDS 'I"l' N MEN M ]' CONSUMERS BUYING BETTER MERCHANDISE |l GERMAN 200acs ] )| Marked Improvement in Grade of Bought—Sold—Quoted K".l_ UWN SNAKES Goods NoledupBal. | Full New York and Berlin timore. The Star. Special Dispateh BALTIMORE, April 10.—Merchants Will Cut Down Costs Rather|ana manutacturers here point out that one of the most encouraging features H of the busin situation is the fact Than Hope for Aid by | 3.\ conomers “are busing becter igh Tariff R quality merchandise than has been the rule for the last year. Some of the ng er ari ates' stores are ready to drop the con- tinual sales sy N and to depend more upon quality and style to move BY J. C. ROY their merchandise pecial Dispateh to The Star. The wholesale trade, particularly BOSTON, April 10.—MemBers of the [ the apparel. shoes and allled indus- Send for Special We Solicit Applications for Market Letter First Trust Loans Current Interest Rates “Character and Earning Power | SRR Is the Basis of Credit” -~ |[ - Goldsmith Building” ™~ 1405.7 Eye StN.W, M 3678 Morris Plan Bank 13th and Eye Sts. Loans Made of From $50 to $10,000 Peter Whitney 203 Investment Bldg. Telephone Franklin 3978 Calves a slightly cheaper. Dealers | reported a decrease of 1 cent, making | getting sup- Jliday trade, National Association of Cotton Manu facturers, embracing the majority of the big New England mill operators, got home today from their convention tries, Is watching the development r umer purchasing now as an in- n of what may be expected in the Fall season “WHEN?” Un jalified Guarantee-- —y t only get the advant: you not only get the advantage e NEW CORPORATION o g ey oo f 10 an efficient, prompt and courteous icorges County real estate. APERAISE service in the remitting of your HCTLDING ARs0- I AST January a man walked into our office to invest interest. . Without u lows o neariy. three miliions $500 in a first trust note. He asked to see the )0::":nc(::e':lh:h:::(l)(m:l;c-lri;;dy’:; AT m\vl".;;;::,'\'d\ "(': A property securing the note, was shown it and pur- the day due. ; are issued as sour. recelpt pending de chased the note. Luxtibe) Teveniora et smelt emenncs o Plain dealing and straightforward presentation of $100 to $500, all of which facts must have appealed to this man, for the mail yesterday brought his check for $10,000 with the fivery of AVPROVED FIRST SOICT e Not'a participat bear 62 % Information Booklet Sent Upon Request e % q > simple request that we use our judgment in applying it on notes for him. CHAS. D. SAGER BOSS A PHELPS Mortgaze Direct to Investor Reattor “HOME OF HOMES"” MARYLAND REAL JBealter e ' ESTATE TITLE CO.! 7 K Street NW Main Investing In Our the market probably es and less | than was | |in Washington convinced that. in the e unmistakably that they could expect no support of added protection from foreign com- petition by tariff increases from the ‘Poorest Yield, Except in|chier Exceutive of the Nation. = Must Cut Down Costs, i i 917 SN0V e AUAROEIEEN: | i s e psotorsiou'c BETave Ch’yfl"i tury Now Predicted. | fore, to seek other ways out of their Company Started to Handle o | Confidence Born of Experience dificulties. Most of them are con- vinced that drastic increases in price Stock. would not only check consumption of cotton cloths by the public, but would | By the Associated Press Winter dealt a severe blow to the | furnish additional advantage to their ' "NXEW YORK. April 10.—Directors wheat crop sown last Fall. As a|Southern competitors. These men|of the Maxwell Motor Corporation| result, production indications are|hope to overcome their obstacles 10 |have voted to mmend to stock smaller than in any year since 1917, | Profits by cutting costs. This does not | yolders the formation of a new com 1 about 116,000.000 bushels less|apparently involve further wage re-|pany, to be known the Chrysler| n last year's crop, the Department | ductions. Tt merely means that pol- | Corporation, to take over its propor-| griculture announces. A fore- | lcies of retrenchment will be fol-|ijon. The plan, which will be effect-) t of 474.255:000 bushels of Winter |lowed, eflici of personnel will be|ed through an exchange of stock, was | Wwheat was Issued, hased on the con. | increased and selling and distributing | neonmeea o qo a h the profit-| sort on faull dition of the crop April 1 and upon | C0ts lowered. sharing feature of the present Max-| mpiled by the assumption of average abandon- | SOmMe manufacturers admit freely|\well A stock, which had been found| Bureau of Agricultural [ ment of acreage and average influence | that many of the New England mills | ghjectionable. i |ioniithe laron: until tharvast ilms: | are not now provided with the most!" The new corporation will issue| mand light, | The condition of the crop April 1|¢Mcient and “up:to-date machinery. | cumulative prefer atool ientiitlod | 8.7 per cent a normal, the | Instead of replacing old equipment, | (o preferr dividends at the annual| in more than a quarter c owners of these plants are consider-|rate of $8 per share from January 1.| tury. with the exception of 1917, when | Il moving to <he South to take ad- common stock par| it was 63.4. There was a decline of | VAntage of tax exemptions, lower he preferred will be | 12.3 points in the condition from |labor costs and cheap power. Others and a sinking fund of not December 1 to April 1, compared | feel that domestic demand can be| 10 per cent of the amount with an average decline of 4.4 points| 8reatly stimulated provided retailers|dividends paid on the common shares InieHa laseiio s eas and jobbers will render assistance. s to be created to provide for the steady ; Sou “arolina 1'r‘hnrih‘.w et (u.lnl is lho' rw\u’t of New Fabrics Needed. retirement of the preferred stock e : . very [@ variety of conditions throughout| The manufacture 3 The class A shares of the Maxwell| e country . 2 ac of new fabrics 2 0 iacee 4002450 | the. ('l'n"[rujlif.frrl-{:; department “said. | also is engaging the attention of | Motor Corporation will be exchange- | . X i ularity of the artificial silk aha snk{!2tve preferred of the Chrysler Cor- | central Indiana, in Montana, in the N e k. | poration. and, in addition, will re-| | main wheat areas of Nebraska, Kan- N Mmoo has been remark- | Cdive one share of the common stock | | 588, Oklahoma, Texas and the Pacific| cided lead over the American pro-|Of the new corporation for every| ipplies light; demand mod-| Northwest tni QUcersiiniithess lines ofi goods: Spot| o0 Wares ot Maxwell class 4 80 ox- marleet Ssteady, HIoEa, o D e e ol o damaes 1 | cotion Fwment i 5ie Sauthi attoibute | o800 MAxwall LB S will Ebol tex ich crates, % doz, best, 3.00a3.25;|the plains region from Nebraska 10|much of the dificulty of the textile changexble, share for share, for he Shie) 2t Conattioy | Texas and high winds added to the | 3 = new common me 1 t 2 4 o] demage T et e gne | manutacturers in the past to their re- e Litce nunplles alberal. demant | the crop, at the Winter's close, wa | huctance to adventure into new fabric = - e o e e Condiion, G 10 TeLeutn 18| a0 e ending deaters 1n cor.| ONDERS FORTY ENGINES. |ff ™" : 5 doz., best 12.75; some poor | drough b ithe, Atlantic - seaboasd | on Svith: omoes a a k hese Notes are safe- ol b : States and from Minnesota . to A pe-in =, dozen ‘South guarded by firs sts upo: altion, flow: asl 10; NociH Gaso: | e e Ry Mlnnesot ".r“l“rrxl cities and in New York, today|Seaboard Air Line Finds More| guarded by first trusts upon 8, Spacic Hampers, Big Boaton/type. | SRR S8 SORIGID of She Soooll ssaeriealithat the tendency of Amer. | improved fmeal estateiin prainary auality, 1.00a1.23; some poor, | WA about average S lcan manufacturers to make the goods Equipment Needed. {ll \ashington, D. C. worih aEm i ) & they themselves desired rather than | e uble the amou o l{,c nilon Market Strons. | = e consumers wanted o boy K, Ap —Increas loans—so that there can be Onions—Supplies light. Old stock; | U S GRAIN REPORTS was a continual drag on the nu\-am-c‘h““"“ of Beabosrd Ain Tire. pay-i no loss by depreciation. We i e B i | of the American textile industry. ticularly in Florida, has necessitated | have dHoiand irdtiot the purchase of 40 locomotives, Pr. dage Cuciiil (IO BEDNS York, 100-1b. ‘sacks, Yellows, 1 England Follows, medium to large sizes, 1.00a P dent Warfield said today, 30 of them of $100 to $5,000 K AR AT B0 Saasliet CONS'DERED BUI.I.ISH He pointed out that England has|Mikados and 10 of them Mountain | 3 secured a huge and profitable trade|type. The d as divided bet 3 ith Tadla by contormiing o demunt, | Shgwi s order was aividea vetween ) Imterest Rate e [ oday Is 61/, while American producers had been | American Locomotive Co. O o : Lilge - been | American Loe 0. Orders for nix and 2, mostly, 3. Figures Far Under What Most|barred from that market by refusal other locomotives have mfl: re- —payable semi-annually on the day due. i | o i | C. A. M._WELLS, President 1301 H Street N.W.. Washington, D. C. Phone Main 6645 Estb. 1910 nd Vegetable Review 3 YRR @m‘ mmm:smmamm@a@mm' Jammr@m. 9300 The Largest Fortunes —of today were started by men who possessed only a few dollars, but who had the wisdom to invest for the future. tart Today by Buying Our Mortgage Investment Notes | Onativia & Co. Stock Exchange Building NEW YORK Equitable Co-operative Building Ass n. FRANK P. TDF 45th YEAR umpl Surplus . £1,317,011.44 JOHN JOY SON, President Organized 1579 $4,042,132.65 pplies liberal; dy: South Caroli pointed type, mos Stecks & Bouds Subscriptions for the 88th Issue of Stock Being Received Cotton Grain Coffee Sugar SAVE— —\\ilh us systematically. Hundreds of “thriity” Washingtonians have adopted this plan, because the financial Shares $2.50 MEMBERS New York Stock Exchange Chicago Stock Exchange New York Curb Market Association FYING. N. Y. Cotton Exchange Chicago Board of Trade N. Y. Produce Exchange Minneapolis Chamber of Commerce Washington Office Main Floor, Woodward Building Phone Main 2040 JOHN CALLAN O'LAUGHLIN Manager results obtained ARE MOST GRATI- Disr Month g 1 Start with us today. 915 F Street N.W. 0ld stock—Supplics mod- to do So. Many high-cast HIndus|ceived by the Ameciben Looomotive ot e | Experts on Wheat Had Iwear cotton fabrics. which are worn | Co." this week, 21 from. the Florida| 0. 1, 1.85a1.9 Anticipated. wilshiod. K offf, crisp wleth 15 fe-| i bt o mibs Bemeite 150-pound sacks, Rus sired. English mill owners produced | ¢ 0 Shore Line branded, mostly | R such a cloth by making a loose-weave R T R I pecial Dispatch to The Star. fabric and “filling” it with China A, R 10 Govern- | white, & elay praduct: ‘Ths woma| WALL STREET DESERTED. ment crop figutes Issued lote o ostor=|not be washed and was not meant to _ day on Winter wheat growth were [0 But the American producers at- | Banks Remain Open, With Skele- | regarded by the trade as sensation- | tempted to fill the demand by a close- | bullish. An indicated yield of|l¥-woven stff fabric which had twice ton Staffs on Duty. n 74,000,000 ‘bustisls ‘was by far sooalics] the. amount 6F cotton in 1t that was] Lo o : 5 ! X:.:“rt‘:lv" l;.nrn [u ;‘han vlmm of the local experts had | used in the English goods. pv?»};,‘\“ ;«:am ,:x,:{;']l 1:‘721;1: ,:,.:,[ : es, b urec : resente: s - 5 Savoy, 1.00a1.1 e e Unitores Erlece LINely, day with all the principal securities Strawbe t Although the Erowing season is|and commodities markets closed in rawherries Cheaper. 10 the Government estimate than any Sl 3 s 3 other authority its figur b oung, progress in the cotton flelds|ohservance of the od Friday holi- many not sold; demand moderate, | 472000/ wever, .in analy tory and prices for raw staple seem |keep open because of the fact that it R et wealers Flocida, nony refrig- | the estimate, one must take into con- | 9% Fovi Pk Ffew: poor condj. | Slderation the fact that the Govern- | My {0 be falrly uniform. 'There|was not a legal holiday, but most of Sion 1oor a8 30 ment has already anticipated normal | win be & Need for big production, and | them were operating with skeleton, - ® el 2 deterioration until the harv raw materia! values are no ely to | gtaffs. Tomatoes—Supplies moderate Phachitie NoonaiEOn (OF e o show any drastic reduction. It is mand moderate and market il heen eteatls (i roved S oo R, i |not probable that the Government for good q”\“‘y‘;y:l‘(.]“:wripln;l D NeTHite e o e i eatice crop report figures wxllkh.n'e):hle mama I e 50. Tair quality,| Winter wheat territory e roined In the past. ¢ N<¥| NEW YORK, April 10.—The floating een a6.00; choice count, Domestic consumption is expected | SUPPLY of United States Steel common mostly 5.30; fair quality to use at least 6,000,000 bales of the|Stock, as indicated by brokers’ hold- ver—Supplies light; e {quently are reaching 50,000 bales a| first quarter this year to 1.364.850 market firm; Cali P j ausat shares, or 26,81 per cent of the total mostly 3.50. LANNED AT ONCE This will mean that before the|l®sue. Investo S e e el Jotatoe pplies moderate: | start ‘of ‘the mew crop year approxi. |3l Were 3718175 shares, or 7319 per demand light, market dull; S mately 14.500,000 bales of American | S€n% :’f‘l';“"\}mf‘h’*'“";("- or 9 per Carolina, cloth-top stave bar e o e S aenE cant ecember 31 Mortgage Investment Dept. HANNON & LUCH moderate ouble-hea APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent Subwrbs in Montgomery County, Md. 5:% INTEREST ¢ h—Supplies »derate, market firm; Wardman Funds —have purchased and devel- oped the valuable Washing- ton real estate, two dollars worth of which protects every dollar issued in our First Mortgage Notes. STATUS OTSTEEL STIOCK. Current Issues Bear 6% Interest ( HApply to Denominations From $100 to $100,000 i b H. L. RUST COMPANY WA MAN LOAN CORRESPONDENT Constructi ®he PRUDENTIAL INSURANCE djo Ksouse NG ,M.,,. 3830 COMPANY of AMERICA “We Houte One-Tenth of Waakington's Populstion” 912 15th Street N.W. Main 6888 REASE.IN STEEL 'BUSINESS FAILURES DOE:DERS IS REPORTED DECLINE IN MONTH | Standard of New Jersey May Be Trying to “Freeze Out” + the Associated I NEW YORK. Aprii 10 —Unfilled or- Richmond Federal Reserve Bank Small Refiners. the United § Steel Cor- Makes Report for This Boration on March 31, made public to- opaE totaled 4.863.564 tons, a decrease District. 421.207 tons, compared with ebru- AMERICAN SECURIT ing Beans—Supplie Strong Investment Power fill requirements in the season Secured by first deed of trust on real estate ies light; too few sales reported to| NEW YORK, April 10.—An indica- | Ward a big production. It is a cer- “TO0 MANY” | und crates, 4.50a5.0 puth Caro- | $85,000,000 Dodge Brothers stock | for it than to have a crop of 10,000,- good for good 3 et firm; | rations for the sale of a §75,000,000 | Prices as encouraging. promised returns. The result | established mortgage house, accept a PROVE MYSTERIQUS ||| mieet™ recim™3%a "2 safety. AND TRUST COMPANY Scarcely Any Other as Good £ A UNDIVIDED CONDENSED STATEMENT OF CONDITION AT Porto Ricans 5.00; white | Subscription for Common Stock tion and that a yield of approximate- 7 s yams, 4.00a4 Iy 14,000,000 bales will be required to Money to lDan mand_good, market steady: i i tendency: F %-bushel hampers . 3 endency: Filorida, % e e in Country. Big Production Certain. Prevailing interest and commission quality, 3.5024.00, 3 SEE————— The farmers of the South undoubt- quality, ¥ J ! % il 5 420 Wash. L. Peppers, Cucumbers, Squash—Sup- | By the Associated Press. = edly will stretch every energy to-| Joseph I. Weller Iy, umr&gwt quote: tion of the great investment power|tainty that the Southern farmers Peas—Supplies light; demand mod- | underlying the market was provided | Would rather raise a 14,000,000 bale ate, market steady; California, by a heavy oversubscription of the |crop and get around 25 cents a pound o pushel hampers, small sizes, | issue, which was offered vesterday.|000 bales and receive far higher||| | Tanetly 3.005 few, 3.50. The success of the undertaking. en. |prices. But manufacturers do not{|| —have heretofore = sacrificed Beet 's moderate; demand | couraged bankers to speed upwprepa- |Tegard the outlook for lower cotton safety in the interest of greater s, bushel s 2.50. | bond 1e. Present prospects are m——— has been a rrot upplies moderate; that it will be placed on the market e e e B, k| GASOLINE PRICE CUTS || TOTAL LOSS aishel hampers, best, 2.00; some |slightly below 5 Make your investment through an CAPITAL, Buy First Mortgage Notes 2 Secured on D. C. Real Estate SURPLUS Nothing Better i and ' CHAS. D. SAGER | rrE THE CLOSE OF BUSINESS APRIL 6, 1925 First Mortgage Investments 924 14th St. NW. Main 36 $6,463,054.68 NEW YORK, April 10.—Wall Street has been having a hard time trying By the Associated Press, to determine the real reason for the "RICHMOND, Va., April 10.—Slight- | Fecent cut in gasoline prices by the Iy fewer business failures occurred in | Standard Oil Co. of New Jersey. Many the fifth Federal reserve distriot dur. | observers attributed it to the large ing February, 1925, as compared with | Stocks of so-called “distress gaso- the same month in 1924. The num- |line” which have been thrown on the 5 sparagus, dozen, | ber of failures was 121, with liabil- | market by emall refiners who were potatoes, barrel, 6.50a | ities amounting to $2,690,398, com- |loaded up with surplus stocks in an- er, 3.00 beets, | pared with 128 failures and liabilities | ticipation of higher prices as a re-| : of $3.456,937 in February, 1924. It |sult of heavily increased consumption was @ decrease of 5.5 per cent in |at this time of the year. number, but an increase in liabilities | Others were inclined to look upon it of 6.8 per cent. as the beginning of a battle for su- This was disclosed by the regular | Premacy in the domestic field between monthly review issued here by the |the Standard Oil Co. of New Jersey Richmond Reserve Bank. The record |and the Standard Oil Co. of Indiana, RESOURCES Cash on Hand and Due From Banks $ U. S. Government Bonds and Notes. .$4,545,283.99 State and Municipal Bonds. .. 649,387 .46 Other Securities .... 6,184,366.94 11.379,038.39 Loans and Discounts. 17,538,755.96 Clerks’ Pension Fund Investment.... A ? 50,000.00 Customers’ Liability Under Acceptance et 947 Customers’ Liability Under Letters of Credit. 166,481.18 Accrued Ingerest Receivable. 227,549.46 BALTIMORE PRODUCE. BALTIMORE, April 10 (Special) per 100 pound Member American 2 New Booklets For Investors IFTY-TWO YEARS OF PROVEN SAFETY”--tells why Smith Bonds are safe bonds; how Smith Bonds are Bankers’ Association onions, 100 poun onions, 1.00a1.50 and ; peas, ham- 2 oysterplants, hundred. 1.0026.00; pa basket, 35a40; rad- ishes. bs : peppers, crate, 3.0026.00; rhub hundred, 5.00a8.00; wh, ‘Dushel : squash, crate, ; tomatoes packed, barrel, grapefruit, box, strawberries, quart, box, 6.00a7.00. No grain qunlanon . COTTON MARKET CLOSED. NEW ORLEANS, April 10.—The New Orleans Cotton Market was closed today and’ will be closed to- morrow on account of holidays. P DIVIDENDS Corp. Tiod. Rate. able. Am. Radiator $1.00 June 30 J 1% % May §100 June Columbia El. Bd. of ¥xchange Buffet THud. & Manhat Kels, Wheel pf. Nash Mot. pf. Sierra Ps & E. pf. Stov. Mf. & E Utica G. & E. !l for the fifth district in both number of failures and liabilities. during Feb- ruary was better than the national average. DAIRY PRODUCTS BALTIMORE, Abril 10 (Special).— Live poultry—Young chickens, pound, 25238; Leghorns, chickens, 45a50; Springers hens, 2 Leghorns, roosters, 17al8: young turke 42; old, 30; poor and crooked 25; ducks, 23a30; pigeons, pair, guinea fowl, each, 50a1.00. Dressed poultr/—Turkeys, pound, 30a42; poor and crooked breasts, 25; chickens, 30a40; old roosters, 17a18; ducks, 28a 32; capons, 33a45. Eggs—Receipts, 1.531 cases; native and nearby firsts, dozen, 28%; duck eggs, dozen, 48a50; goose eggs, dozen, 85a1.00. Butter—Good to fancy, per pound, 41a46; prints, 46a48; ladles, 28a29; store packed, 23; dairy’prints, 23a28; rolls, 23a29; process butter, 31a32. STOCKS EX-DIVIDEND. Per share. #1.00 Apr. 11—Great N erties tr. ctfs. ben. int. . Loo which recently has strengthened its position through the acquisition of the Mexican holdings of the Pan Ameri- can Petroleum and Transport Co. Still others looked upon it as a means of “freezing out” the small refiners, g COTTON MEN GATHER. Manufacturers and Planters Open 20th Convention. NEW ORLEANS, April 10.—With hundreds of Southern cotton manu- facturers, planters and marketing men in attendance, the American Cot- ton Manufacturers' Association today began its twenty-ninth annual con- vention. Sessions will continue through to- morrow. Today was devoted to ad- dresses. Business sessions will be held to- morrow, — e Your Banker Knows. When in doubt about a security consult your banker. It Is equally as much his interest as yours to pro- tect your savings. You trust him with your deposits—why not trust him with your investment problens? safeguarded ; how our ‘record of no loss to any investor in 52 years is maintained. “HOW TO BUILD AN INDE- PENDENT INCOME” (1925 Edition)--Tells how you can buy Smith Bonds with savings of $10 or more a month; how you can get bond interest on all pay- ments; what you can accomplish by systematic investment at 7%. Ask for these two booklets today. The F. H. Smith Co. Founded 1873 No Lo to Any Investor in 32 Years Smith Building, 815 Fifteenth St. ‘THE F. H. SMITH COMPANY Smith Building, Washingtoa, D. C. Please send me of twe o coples of your two 3% ON SAVID MAIN OFFICE 15th St. and Penn. Ave. BRANCHES: 1140 15th St. N.W. 7th and Mass. Ave. 8th and H Sts. N.E. 7th and E Sts. S W, Banking Houses, Vaults, Furniture and Fixtures and Real Estate Owned. Other 'Resources ......... 1,754,238 40 41,55391 Total Resources ........... .$35,495,107.22 - LTABILITIES CapitaliStagke: ton ooy oo s aisisi v eeis seieiaianiore detes <290 400;000.00 Undivided Profits ............ 663,054.68 Reserve for Dividend Payable April 10, 1925...... 102,000.00 Deposits ... . 2 s S i i e 2D A0 Clerks’ Pension Fund and Interest Thereon. oele vt 54,807.81 Reserved for Interest, Taxes and Expenses. . VT Acceptances Outstanding .. 947.77 Letters of Credit Outstanding................". 166,481.18 Other Liabilities 844.54 Total Liabilities «.coeveveenniaeenann.....$35495107.22