Evening Star Newspaper, July 14, 1925, Page 27

FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, TUESDAY, JULY- 14, 1825. . FINANCIAL. 27 REPORT OF ‘!‘!! CONDITION REPORT g{ gONDlTION l 2 UICK LOANS ! ’ : | CHEVY CHASE | SEVENTH STREET || qu ugpooe . Q | MONEY TO LOAN | & SAVINGS BANK, SAVINGS BANK e 08! entr aVIHgS an il o~ iPROVED REAL ESTATE At oot ot Carngit. | AN rmiaeion o IR af Gt HOME OWNERS NSHE DISTRICE OF \asbinglon, in uhe Diseiet of Cotumhis. | A sasnioeton, 10 wne Dt of coumpie ||| Walks Tomorrow COLUMBIA AT i RESOURC » RESOURCES. | Rigd E ittt 710 14[]1 St. ) $150 to $5,000 on { Current Rate of Interest a Loans d disco ly 1 | 1. aLoans and discounts, in- ul 0 not spend al a “hiding rediscounts _ac | iding rediscounts. ac b LFpanee e nvelone Ma_;flr‘fi'i.w_ [l FLOYD E. DAVIS COMPANY ceptances of other banke. | ceptances of other banks Our average, 8 new savings accounts each day; n_Three | 733 12 ‘ and foreien bills of ex: | and forelen bills of ep; Start ug the road to finan- o 1 s "withi DieTaicr 57 %V BT 06 33 12th Street Northwest Shanioreun Jlp of 8 B . Sfast upsthe roallio fnen; ur slogan, 3,000 S LS - e I s [ Dealers Must Carry Larger pitn indoraement of this o | i indrsement o thisg | oo ting asldep a por:teion %o i We. o 71 5 # Oven Evenin + 1o Yo Main 4438, LT rpet Sauthweny 2. Overdrafts, secured. Sd8d18: 2.0verarafi m_aecure h e shall pay s i cure 5 $51.85 25.01 70.04 vest in a Stocks to Fill Orders Faster, | « v 8"ttonit Beinies | o 078 Hoteimdit: locurl: - , owne (including pre- eserve District No. § miums. if any b All other United 'States FIRST . REPORT OF CONDITION . Manufacturer Asserts. - | 5 odr"hords Mo~ & 3 aec Tailsdl s ‘ © On Savings ST + rit | (mcluding premiums. 1t | ) the S s e oo MORTGAGE Am fee & T — 7 estate owne o1 5. Other bonds, stocks, iri- T b ook, B raneesy | through profit sharing erican urity rust Company | BY J. C. ROYLE. 10 F‘(‘I?}e‘;r4)\'r’1‘“rvx‘uulu'r‘w‘)|;] amonnt ' 50.8¢ 6. "fi‘nu':'fu?f"".ni“fifiu‘e‘. NOTE | ‘At Washington, in the District of Columbia, at the close of business on | Special Dispatch to The Star. 18. Other assets 2 873.05 AL asd 49,263.11 hich i e W w Fi T ) & NEW YORK, July 14. — Economic Total 1 »:’l»‘up y-mm-\r:ml“n“ smoums, L 090.50 ich wi make _vuh e are l 'irst Trust e RESOURCT | conditions in the lumber business RLCEEY b ata tor ”“m‘ money work for you at the 2 a Loans and discounts, including rediscounts, acceptance have changed. Unless manufacturers |, LIABICTTIES 32.605.78 | rate of 6%4% per annum. back of the 0 Notes of other barks and foreign bills of exchange or drafts ] realize that they must carry larger |13 SRl sfock patd in tems o' and June 30, 1925 | stocks and smaller order files and ,\e: 3 ‘«'.'&rl""{'?'i profits ek 14.aChecka and Y C Begi sold to buyers 5 Ovar;(;‘:n:":ecls?:f”;fi%'fl 9; this h:mk’ z st $16,442.1 7 g portion of orders in mixe: unt due to State banks drafts on banks You Can - Ove 3 d, $1,195.51; unsecured, $2,875.34 i 5 Cars, the situation is g0INg to become B 308 uge o {including Feder . gy { Life Insurance Savings—Safe Deposit Boxes, $2.50 3. @ Customers’ liability account of “Acceptances’ executed by unprofitable for the lumber industry s and foreign “coun sal S ERmive hank) | With $10 Management Conservative, Experienced, Progressive, Successful ;:ln-k b::;« and mu fldl’he‘r banks for account of thi That is the way Charles S. Keith . 300 of cits or town e Hi now oustanding b P F of Kansas City, one of the prominent | e hagha igtandme s ARH0 U or S in S U \\(m\ the sdterll_;flscsecur“) Francls M. Slvlt;- President 4. U. 8. Government securities owned E lumber men of the West and South 162.30 T v R DB b ol mprove . L. reaity Open Wednesday and Thursday Until 5:30 b All other United States Government securities (including analyzed conditions to “The pol mand deposits (other than DAmlene Y ess5s back of it, you can be as- premiums, if any) . icy every manufacturer should fol- m‘il’r\p"f‘éi-‘élm}"fi}‘;h‘v'.‘ e G L sured of | 5. g:r;ekrmb;nd;o:\;rks,fe‘r u;-s‘,leu-f 1o he said, “is to keep well round- within 30 davs) Total $1.713.126.70 | 5 5 % 32,556.0 urniture and fixtures oD Ind: denonits sublect e NO RISK 7 me AR . e LRI et % Mo o pheck. . et dia 2 3 ITIES ! ; e owned other than banking house 82/000.00 g iy e hdnu be in o Dhan' 58 days 17. capital stock paid in . S100.00000 NO DELAY 10. Cash in vault and amount dye from nationh! banks ,: 25 & position to give prompt service.” | T sgnoo |10 aUndivided profis Ly 2830083 1| NO DEPRECIATION SRR S S DR DUk Tenkess andivust o £ Shipments More Rapirl. ) S e 26 OB, ek utbiand 5.135.38 | item 10) .... gy thani tncluded He pointed out that efficiency in C ety A g - S - 1.878.88 Consult Qur Mortgage Dept. | e 12. Exchanges for clearing house. transportation since 1922 had so $land 31" S35 385 81 Toldl “of’ " items _ 25" and | A FULL sistent with SAFETY? otal of items 10, 11 and 12 speeded whereas D,mid R o T | h 14. & Chefiks ana Jratts on’banks (Including Federal 5 sits) subject to eserve: nk) located outside of cit ruenee’:l):;’irlrf‘a‘ gtiect o HANNON & LUCH | ] If not, we urge that you Darxsimakl loenied city or 33 Ulothar 27 Inn;\f‘éflx}( tepoeits sublect o E ok | 2/0 inquire at once about b Miscellaneous cash ftems money bor. %o 22, & o 1 4 35 16505138 | 26 OB, D6 NI othe 713 14th St. NW. | i : our Selected First Mort- 16. Redemption fund with U. &. Treasurer and due fro : sits sub o s Tor mon A Main 2345 STOP and think a min- e Noresl secumadits 18 Ot e OB, ! 508.00 is necessary 31. Dividends anpaid 286800 ute] Are your sav- gag! i .Y _273,004.76 ing mark Tooner’ (Ran banie de: ings or surplus funds twice their value in T 03 to anti posits) PN : é et to six months ir sured i that v serve i 40056003 0000004% earning you the maxi- choice Northwest resi- e LIABILITIES of stocks develope: o the best of my Sk Rl ey E 3 ck paid in 5 Now it is rep tors in the 2 : O ariac D w mum interest return con- tial pro) 1 18. Surplus fund ................. Middle West are onl pating re. m"fi‘ TROTH. .08 prey of “subject to 30 ANTED! o dential property 19. a Undivided profits ¢ 372 quirements fro days. It} 10th d 1025, dass’ or more SECOND TRUST NOTES b Reserve for dividends 3 L Byt buying dewant CFO R UORBiie. | 33. ceriificates of BnhE Gralabl Losses ... will only develop 1 er than for money chlle of all klndl of i 3 ¢ weeks in advance of rowed) 7688 39 St wecire K e af Tant 1.446.06 | state. . Prompt action 13 i a Total of time deposits ject to reserve. item and 35 59,1 20. Reserved for taxes, interest, etc., accrued 23. Amount due to national banks 24. Amount due to State banks, bankers and trust comp “ery Case. | Washington Investment HOME OF HOMES Directors. 5.43 T T | . . A American Telephone & District '8t Colmbis. AP and Transactions Co. | 1417 K STREET MAIN 9300 i s 1 forslen countriss (sthar than Tel hpC Vi Soits BUHOW ARD, camnter ot the | 715 14th St. N.W. | 35. Certified checks outstanding . i b AP0, The above statement is ‘true Lo the best of | MAL 00, | 26. Treasurer's checks outstanding 195,135 33 143rd l)i\hlend Total of items 23, 24, 25 and 26 WQOOO“OOO‘ my Knowledse and beliet p of sup- 'WARD. Cashier. i and 1o ROt the relationship| pibs reuler Subscrived and Sworn 4o ‘belore e this Demand deposits, (other " than hank deposits) Sib) ¢ between production and sales, but that 11th day of July, 1025 serve (deposits payable within 20 davs) be production and sales, but that (Seaty T KERFOOT yr 27. Individual deposits subject to check o ctween s order om 1915 A ary 28 Certificates of deposit due in less than 30 dave (other than %0 1623 this ship averaged 2,00 foms 5 whionn Ol Natiangl for money borrowed). feet ot of orders J\L“ Sy A est Nationa 31. Dividends unpaid - | | | | | 2 |.1:> Offier time depoxits 831 Bank in the 32. Other demand deposits, trust deposits Sl District of Columbia Total of demand deposits (other than ba deposits) subject to reserve, items . 28, 31 and 32 $14,807.504.87 Time deposits subject to resecve (payable after 30 davs, or subject to 30 days or more notice, and postal savings) 33. Certificates of deposit (other than for money borrowed) 35. Other time deposits. .. .. Total of time depnuus Subject to reserve items 33 and 35. -...$13,163,957.82 United States deposits (other than postal savings), including war loan deposit account and deposits of United States disbursing officers . sent to be 2,950 feet of _ Directors. _ ship at p mock to LI [, e HOME OWNERS || REAL ESTATE LoaNs SUIT WOULD STOP Can Secure | 5% % er&‘n’”r‘.\a‘.\i“roéchs : BIG DAM PROJECT LO A NS m.o L:;Ma;:égfi,;s | INVESTMENT BLDG. Main 9392 N Safety Comes First 3 In T"KI‘F DAYS Pennsylvania Water Company Fidelity Guaranty Co. 'ND Charge for Collecti; = e ge for Collecting or s /8 £ % ; i 45. Acceptances executed by other banks for account of this bank Seeks to Halt Power Plans 5r FIPTERT o W | Remitting Interest, All T 1 More important than interest return is the SAFETY 46. Liabllities other than those above stated e in Maryland [e——————————| Details Given Prompt omorrow Total of your PAY DAY and other deposits. District_of Columbia, City of Washington, ss. I, CHARLES E. HOWE, treasurer of the above-named bank, do solemnly ’ R Money to Loan Attention Spectal Dispatch to The | ) : o ) ‘ . BALTIMORE, Jul —An injunc: | Secared by frat deed of trust on real ostate. | lnvest ln Ofle Dollar i Tha't s the foy point upon which the pop.uAlamy a.nd e that the above statement is "ue(‘fi,\'}"&‘;‘i lIZOlH'(r;\‘\I tion to prevent the bullding of T Jolepb.l "Welles "“.sgz'?._ TS standing of this bank rest—demonstrated ability to give e IDSCTIDEd 80 sWOrn o before me this 13th ds Iy, 1 proposed $52,000,000 ving: a B 9th & F . [t H and electric project “more than 100 or more 100% safety, as evidenced by over one hundred years Correct—Attest feet above sea level” was suit filed in Federal Court Joani Saser and power || FIRST MORTGAGES CAFRITZ "ORCORAV THOM LATHER w. RBY, ASPINWALL, will open of continuous and uniformly satisfactory service. The Pennsyl s 1 A aec b R i FOR SALE First Mortgage Notes a savings f We invite your Pay Day account. i The com is & owns a || Denominations of $250, $500 They are based on 50% ap- $750, $1,000 and Upwards praisal, and are now paying 635 %. 6%2% ' S rionce Dasacimens All_Loans Made on Property AFRITZ COMPANY Located in the District of l4(h and K Columbia STOP—THINK—ACT _ Dont wati until 1t is 00 late to protect self loss. To- Horrow may be t0a late. We are in a position to cover you aguinet loss from any source ‘what- ever—Fire. Bur{ Tor. | nado. Automobile Reeidesis ,nd | In "” m one s and our repre- senmtative ‘% quote ‘Fates 11 |u| \“I and explain our l‘flnlrld Old relia- of its rights. dam, several is property near caster (‘oum.\' account TRUST DEPT. Travelers' Checks—Letters af Crzdr't Foresgn Drafts National Metropolitan Capital, Surplus & Undivided Profits Over $1,800,000.00 15th St., Opposite U. S. Treasury Open Until 5:30 P.M. Tomorrow and Thursday Steady Work —must be <ufvp16'm{‘r‘ttf‘ by steady saving ou're ever to achieve fi ancial independence. {IStart a PAY DAY account this Fifteenth at this con- venient bank, and make a point of giving it a “boost” every pay day hereafter. Almost any amount will open an interest- earning account at National Savings the project for sylvania comp: Alfred interests, which the Consolidated Gas a Electric Co. of Baltimore. The McCall's Ferry dam JAMES F SH A supplies the Con olidated here with =~ f its pow P he Conowingo project is controlled 643 Louisiana Ave. N.W. by Philadelphia intere: and the g power generated there would go to Philadelphia, and it is said will be used to electrify the Penns: Railroad lines between Wash! and New York. FEDERAL AMERICAN SHORTER WORKING HOURS NATIONAL BANK IN OIL FIELDS ADOPTED || ResouRcEs, $14,000,000 Bpecial Dispatch to The Star TULSA, Okla., July 14.—It is gen- 1315 F Street erally believed that other companies ble companies. and prompt settle- ment of claims. N. L. Sansbury Co., Inc. Insyrance Deu;unut P 5 1418 Eye Street N.W 1d will follow | JOHN POOLE, President in the Midcontinent the example of the Standard Oil Co. | of Indiana in esta g the eight hour day for fleld work in those sec- tions where the workers themselves desire it. Even with the readjustment | of wages, the shorter day entails a| Travelers’ Checks for Vacationists OFFICERS: Joss of about $2 a day each for work- | STOCKS BONDS Y ! : ' ers. The Standard Oil of Indiana has | bt e pdvanced gasoline prices one cent a| gallon in the 11 States in which it 5 i % operates. —BROKERS— Established 1916 We Buy and Sell Listed Securities / Outright or on Margin NEW POWER STOCK ON MARKET TODAY NEW YORK, July 14 (#).—New of- ferings today included 9,000 shares of Southwestern Light and Power Co. cumulative preferred stock, no par value, priced at 82%, to yield 7.27 per cent. The stock is redeemable at 110 nd its dividends are exempt from the present normal Federal income tax. The company operates in Texas and Oklahoma. * WESTINGHOUSE REPORTS INCREASE IN ORDERS NEW YORK, July 14 (P).—New ‘business of the Westinghouse Electric end Manufacturing Co. in the quarter ended June 30 approximated $44,- 517,000, & gain of almost 12 per cent over the §$40, 00 booked in the same period last yvear and $40,106,000 in the first quarter this year. E Asst. Tre Tlles k. Pt s R Climer avage. Auditors Rate of ruce Baird. Asst. Tr. Officer e Interest DIRECTORS Paid on Woodbury Blair William D Hoorer s A_B Reginald S. Huidekoper Large and Small Psnnlv\l’ Aceounts u‘nll “Gatley Henry K. Willard Copper Mining Co. Conv. 7% Debentures (50% Paid) Due January 1, 1958 Convertible into Common Stock ‘without par value, of the Com- 'y, at the rate of 44 shares Por ™" cach * $1,00 amonst-5 Bebenty e Our Marginal Requirements re Reasonable and Attractive No loss to any investor in 52 years is the record behind these strongly scurd frt morige nvsmeis National Savings & Trust Co. | | NVEST your July funds so that they will brin, . definite, dependn{le income of 7%. Invest in 7& Smlth Copital exd Surpius, $2,000,000.00 Bonds, which give you the protection of safeguards that | Oldest Savings Depository in Washington I have made possible our record of no loss to any investor in 52 Corner 15th and New York Ave. years. ‘The strongly secured First Mortgage Bonds which we offer this month will pay you 7% for any period from 2 years to 15 years. And you may buy these bonds in any amount, in de. nominations of $100, $500 and $1,000, either oumght orunder our Investment Savings Plan, Visit Our Board Room or Write for Weekly Market Letter tock t‘omnon Pricu to yield about 7.209, Complete circular on request The National City Company Washington.-741 15th St.N.W. Telephone—>Main 3178 Direct Private Wires New York Baltimore Philadelphia Washington BUCK & CO. 1420 N. Y. Ave. N.W. 312-13 Evans Bidg. Phone Fr. 7300 The New York Life Insurance Company Interest coupons or dividends which you receive in July may ] Make be applied to the purchase of 7% Smith Bonds. Thus these ) e odd sums immediately start to carn 7%. DODGE EARNINGS GOOD. NEW YORK, July 14 (#).—The financlal district hears that the earn. ings report of Dodge Brothers, Inc., CONIIDENCE in Smith Bonds o Offices for Rent for the first half of 1925, to be givi o = 1 e ns ’ n}\;[ a?:saz:?:}av:‘zre.;“}:éd“;g :‘%L"‘EZETQE.: g Smith Bl:: - Y:d: Under our Inve;unent Snvmp Plan, with 10 months to com- Fl r‘!t MD rtg ag Loa ed VA" and “B" o r 2 . L Ate owhel Y juvescyrs lete your purchase on any terms that are convenient to you, b L C R T T Only One Suite Available in 48 States and 30 countries and terri- ;n“ muv::h‘f“u rate of bond interest on every payment. i on Improved Real Estate tories abroad. This world-wide confi- dence in Smith Bonds is the result of our §2-year record of proven safety, 5,000,000 6 per cent debentures and on §50,000 shares of pre. Send your name and address on the cou. In the IR s Especially well ar- » meaning: pon for descriptions of our July offerings, g d learn for yourself the :xccpnomj d District of Columbia and Suburbs ILLS PROSPER. . Prom fin | i 3 ‘ oty e A ranged for TR ol e Gt which somies i = for 3, 5 or 10 Year Periods - | timism of textile manufacturers in 3. Prompt payment of principal on Builders and Realtors P o i vt g ‘E:’cm i1 ~ L) { the Southeast is shown by the fact ' the date due; payment of 7% interest. We 3 Houses Apartments D I : :xh"a ssh 2;\.\151 h;fih Igu;z”‘i:srs!ue[g‘fl:;:: 3 Fmdemfrflmy-ddw‘*b“ send you our two booklets telling the Business Properties Office Buildings Z I $2.861.461, Many big concerns do not to any investor. f-myv;l'lll'anug know ;l;out Smith Bonds and explaine i sk pusic thee afvidi acivs e SAUL BUILDING SendNOW for ing o Saviecment Sevings Flan. ‘ exceed $3,000,000. 925 15th St. N.-W. these booklets R 3 “Fifty-two years of Proven Safety” INTERTYPE'S INCOME OFF. Good Services—Eleva- sels why Sefth Bonds sve s bosdsy m F. H SMITH Co. Y 1 s % how Smith Bonds aresafeguarded,and % B l‘h%gli:l‘el:‘l-;'ll‘)'e léo;::)o‘mt?o:: o tor—Reasonable Rent Bow s Bive Sitetngd 007 FeconE GIND NBW YORK Foundad 1273 the first six months this year fell to loss to any investorin §2 years, PHILADELPHIA WASHINGTON, D.C. m $401,079 from $417,579 a year ago. The second quarter's net of $215,961 gain- ed about $5,400. “How To Build an Independent In- comic” tells how you can buy Smith Bonds with savings of $10 or mare 3 NO LOSS TO ANY INVESTOR IN 52 YEARS g Smith Building, 813 Fiftsenth Strvat—Main 6464 | RANDALL H. HAGNER & COMPANY Sopre o 7o B. F. SAUL CO. month and get the full rate of bond in- FIRST DIVIDEND VOTED. mmu‘;.ym...mmm MORTGAGE Loan NEW YORK, July 14 (P.—An ini- Main 2100 925 15¢h St. N.W. p results you can accomplish by invest. | Name s tial quarterly dividend of 7.;.( ce;ua; i SEi ing systematically at 7%. 1 h it o . T R o e ey Ml the coupos for the booklets naw. | AddISSS omremiemer oo vesterday, payable August 15 to hold- * ers of record, July 31. °