Evening Star Newspaper, March 30, 1926, Page 29

FINANCIAL. THE EVENING STAR, WASHINGTON, D. €, TUESDAY, MARCH 30, 1926. FINANCTATL. o9 i elis a serious drawback to common |pares still more unfavorably with | Gov. “Al" Smith Ill of Col Secund Trust Notes Purchased the check may mean a slowing down vantage over unlisted, put for some h ERE“II EUND”-lflNo of industry as well as speculation. The VERYMAN’S of the latter there is also a ready | steck investments. It is 80 recognized | bonds. Dividends are raised or low AN Y e il e o ¥ have u lot to do w market. Observe that this does not | by the ordinary investor. Very prop- | ered- according as business is good ANY, Ammediately availatle for ssfond FesuUie el v poU SO ENTS | [2ppiy to stocks of small and strictly | erly. he aims to buy when the market | or bad. The fact that some corpora- [ ¥lctim of the LT i erty. 5" Mt Fead, Local Agent. at temperatures have affected buylng. INVESTM local enterprises. in low, and if he eucceeds he says he | tions are able to maintain thelr dis- | 183 on sweeping Albany, Gov. Smith | |\ Wiliam ¥ Bagtass & Company b SEa i I Security of principal invested in | has made a good investment. No one, |bursements to their stockholders un- | 1 €0 L evere s B 16th W. M Sl e T2 common stock ls more difficult to | however, not even the most experi- | changed through temporary periods | throat and slight cold. although his Or perhapa it may be just a wave of BY GEORGE T. HUGHES, analyze. 1f by this security is meant | enced. can be sure of buying at the | of depression does not vitlate the rule. | “Flition was reported us not serjous, saving and caution. The Amerlcan stability in market price, then com- r anywhere near it. The factors | This is a disadvantage which must be | i 11!..3:1‘.""}.\ r. Daniel B. Lynch, wople have those sometimes in spite COMMON STOCKS AS ks as a group compare un- | which govern the ups and downs of | frankly accepted by the buyer of com- | f7IT fhat w‘m: “H"‘;':Olr W"d'”'l be able | T¢ Arlington and Fairfax County, usions to our spendthrift INVESTMENTS. g v with bonds. The market | the market are too complicated for | mon stocks. It is evident; then, that e in a day or so. Virginia, Home Buyers qualities. ) % ¢ | price of even the best of common | their action to be foreseen by the most lh»r; are risks lnh;:e'md]i; common | T | yoney advanced within 24 fo 36 heurs o . -- ’ We now come to a consideration of ey > Talce | loxrietl stock imvestments whict aifter fn kind s w e 3 - the cause . stocks varles over a wide range. | exp Crissinger, Returning From '«nn.‘n‘y':..u\lh:‘)‘.‘.‘“m eIy o ”ww‘ the Investment status of common | £ \LE N ce™ United States Steel com- | In the other matter, that 6f regu- | as well as in degree from moneys put | STATEMENT OF THE CONDITION re healthy conditions | 'he | k o ! : % Of, the 1 tending away from inflation and stocks. Applying to common stocks iy on “which' ranks very, high among | larity of income, common stock com- ! into bonds. International Life In C L. Garland Kendrick ; : : of secur! rinci- | 00 5 expansion. As [ said, eredit the three iests of security of pr investment stocks. The market price Otreadio, Va: Clar, 422, West, Finds Business C!“mk Vit e thogoy stunn s | pal, regulurity of "'\‘l'm;l'trfll‘“r" and | o¢'the common stock in the year 1925 : of St. Louis, Mo., e le money* for legitimate busi- | Marketability we find that they com- | .ypged from a low of 112% to a high On_the 31t day of December. m,fi po s of Healthy Nature. e und e At p::r,.fi.,»(.m Y3 ther o | pare tavorably with bonds only in the | ot'1393,. An investor who hought at 9 N 7 o\ ?334‘"?:35;‘, the. ":‘J?z'mx(mz"' Columbia ntinue to he. | last named particular. the high price might reasonably claim P A = e 1002, and August Crissinger. pointed out that| Common stocks of nationally known | gy Mpeh BCC RERTC FEIRNITSE rine 1 L riods ot speculation such eame | corporations may be easily bought | ¢ipa) when the quotation subseguent- (i e 1919, 1923 and this year have in. | and sold. Listed issues have the ad- |y declined, even if he were not forced | variably becn attended by breoks in | ———————————— | (0 sell. The only reply to this crit h 30, redit | the regular trend of _commodity | cism s that the asset value back of S St 1| \ 1 to a high pltch, | United States Steel common did not | 4 ~ 1ol ey S hiever e baltc he | prices and production. The Federal | anticipations raised to a high nited States Steel con d not | i estate . et IEvan e melter i tho) rve chirts just compiled show | higher than even the sound b s | vary_in proportion to the fluctuation | Fa Commercia e | el “cufite “mortgase United his tendency unmistakably, although { conditions and fine profits of the first | in market price. < [ g 9 . . Stecks and” “honds (market o eh # : ® | the movement is of a relatively minor | auarter have justf ' Nevertheless, this price instability | fal District 13 Primime. ansalledtsn” a5 Rove > ; ’ b = .| charscter #s vel. In general, how il & > ©23 3 hands of axeits. in d sl | o vices u odities hive sl L | Interest due and aceraed: Es 'I'HE safety Toie slseten of s iy Gon n Meimarkatie atabiiy i i > ot : incidencty, JIE | A S0 St fovae: - 10, | " Bondsis inherent. I¢ BEMEET. ] niled Teports five vears, altho sondit . E vidently, - 2 gt the oral reserve district | i, inagstis have. cas The New York Life Insurance Co. Washington . S Total assts. .. o673 } is built in at the time the :;"‘m“]“-\l v ¢ : sl Some quotations to fluctuate widel G Is values are in- e | LIABIITIES bonds are made. It dD“ desk. has opportunities « ualed by no| ? s now under discussion in | Offers to Make ,; E araiatiig, anid 3 Het urpaid siaima L 7 notdependuponartificial Long the possibility of the F ~ . : | orrowed money . . . p g conditions ddition, hel url Feverve Board using ita tr (,r()wlng,,H greater Business S iarien | rente. " expenia, % # safeguards added after . S hast poturned from a personal trip | endous influence und its gold re F 'Q M t I i . ; e 939838 the bond is issued and e e ities: serves to stabilize commodity prices, | s or e Joans i Property invest- ¥ v i whose cost is borne by ,,,.N“‘ ["n "”’ speculative movements|yut the majority of economists do ! i he continued. “One ot the n g i | 20U aPProve such action On Improved Real Estate in the District of Columbia | 5 Teal estate and the other in the stock | Could Check Speculation. and Neaiby Suburbs in Montgomery County, Maryland. I sending mmarket. Nelther seems to have done | mnore is no question of the fant FOR'3, 5.01/10 YEAR PERIODS selves. the country or i dividuals tside the R ihe sountry or indiy side the | ¢ the 1ederal Reserve Board has Specilative drcle Al harm. | yhe means of checking wild specula- or months they hi passing & : L . e 3 'S Cha { husiness tranacted during the 1 S0 Lz SINK | tion should it choose to do so, . tusin ranacted. during CO, fartunes have just chan, oy I the buying or selling louses Apartm D l[“l-lgilh:]:&ur :xfl"'d % I{DJ-’H.FX“Im Established 1882 Iacerporated % e = _ g irities” on its own account it} Business Properties Office Bulldings | B EALTOF s @ |Dopar ypmed durinkvhe” Ll poE Investment Bonds Sl ! | could reifeve member banks of a ‘m:v | Monev ved ‘during the ”' |.n e 929 FIFTEENTH STREET Seos Slowing of Business, | den of borrowing or fail o ‘relieve € (F l 5 S B Pt 231,07 Tt Lk “But it is quite evident that there | them. But many members of the ON APPROVED SECURITY 3 1412. Eye st NW. Fra in9, 03 Xpn s i elephone Main 584 there 7 WASHINGTON ness throughout the country work hardship unwarrantably on Apply E 2 oStibseribed_and sworn to before me this | | 44 Years Without Loss could see it myself when I waus in 1) business and industry as well as on | e —— Mh day of March_ 1026, ! to Any Investor Middle West. Teople are not busing | <peculation |m\mm\ H. HAGNE COMPANY S R L S | (Seal) " FLORENCE A. BERTHOLD. S wess Maoniesereimot nuving (Smeallon, L e s i LL R & SN NANASIRL SN GG /r\w\w\w\‘ b i Conteitaton weplins’ - £aving to themselves, ‘Had I bhetter | fested in finaneial civeles that the 1038, wait @ while and see how things look? | slight check to business has been MoRTGAGE LoAN GORRESPONDENT “The puncturing of some p( the | due more to the failure of 'VH\\“I‘S.\“ '321 Connec‘icu. Aven“. Telepholle M n 9700 EEEBEE E E E NOT JUST AU[OMOBILE INSURANCE Speculative price bubbles ma¥ have | men to get what they expected than | hads something to do with this. Some | failure to get what profits have bee — —MUTUAL AUTOMOBILE INSURANCE SERVICE SECURITY SAVING people may be waitir e whether | justified. Many started the year with | Adjusted Tmmediately Adequate Reserves and Surplus 23% on Liability and Property Dama; Through Our Own Office for Protection of Policyholders 309’: on Fire, Theft and Collision = The Mutual Insurance Agency 1301 H Street N.W. ” Main 6690 ALBERT R. PETERS, General Manager CHAS. M. BOTELER, Secretary “GINALD H. PLEDGER CHAS. E. PLEDGER, Jr., Manager Claim Department JOHN H. KROLL . 78279 - e pres 3 Dital dtoic: o1 o ments are pi [ Gaoltal sttt 037 K500 the purchaser. Write for sHome 4 | Wit the company At ‘e fullinformationon these terest . & . % 05 22 | Surpias and"ail’ biner Jiawis: 100511422 sound bonds. Ask for ties . 2.487.617.86 i roist mesifin e BOOKLET 791-G owners again in some i | fl Fire, Tornudo, Burglary, Liability, Plate Glass and Automobile Insurance Fidelity and Surety Bonds No Sensational Peaks No Dt‘inul'ulizing Slumps ALLAN E. WALKER & COMPANY INCORPORATED EJEEIJLE"IGK:::!BE—EEIEEIEIE When you have chosen SUPERIOR INSURANCE SERVICE as a medium of Members of the Insurance Investment Club of Washington 4 T . ., President SOUTHERN BUIL a ALBERT 'W. WALKER. Vice President “CUTHERN BUILDING et Kl I % . BERTRAM G LENNOX. First Mortgage Note sccured on Secretisy-Teonsurer Safe Real Estate in the Nation's Capital See % : . Secure Your Annual Income is STATEMENT ?]l; "lh‘:CE CONDITION STATEMENT "': "!;!It. « Dependable assured and the rate of Hartford Accid tb d. retrn on your capital is Hartford Fire Insurance Indemnity (‘::::n;:ny.:f 61/2% Company of Hartford, Hartford, Connecticut Connecticut Fuired unaer the DISTIok aF Conimtta Mortgage Investment Department On the 31at day of December. 1925, as | ocst 18 1911, "¢ 20- 1002, and' Au- required under the District of Columbin | Cupital stock, pard up. Code. amended June 30, 1902, and Au- cash .. s )0 00 NNON g 2 UCH Code. amendcd June 30, 1992, and Au- [ in cash $1.000,000 01 X I ) ASSETS. o1 Cash in offive. . . $38.248.70 Capital stock 000,000.00 | Kes enate” 713, 715 and 717 14th Street apital stoek, paid ", Heal “vatate morts e incash ..o oL 10,000.000,00 ret lien | Main 2345 Collateral Joans Storka and bonds (mar STATEMENT OF THE CONDITION STATEMENT OF THE CONDITION *THE OF THE Lumbermen’s Mutual Casualty Company of | Central Manufacturers’ Mutual Insurance E fl o Chicago, llinois. Company of Van Wert, Ohio. H . N | E | o] On the 31st day of December, 1925, as required under the District of | On the 31st day of December, 1925, as required under the Dist Columbia Code, amended June 30, 1902, and August 18, 1911. Columbia Code, amended June 30, 1902, and Auguet 13, Te1i et °f CapttaliBiocie oo C LN veiiieee.....None | Capital stock Capital stock, . ig cas 2 Siinseasne N Capital stock, paid up, in cash . ASSETS. Cash in bank 5 e eniideasy SsE L SR0% Cash in office . . Reul estate mortgages (fi ST iaossine .000.00 | Cash in bank and bonds (market value) B - 3,100.990.00 Real estate . sssense Premiums uncollected and in hands of agents ... ... .. 632.729.12 Real estate mortgages (first lien) . “ii. 430.850.00 Interest due and accrued ...... S o 4 49 Stocks and bonds (market value) . .. 1,851667.00 All other assets Sl e S S i Premiums uncollected and in hands of agem- oo B04.690.31 S Interest due and accrued B 30,4 10,45 Cash in bank' ........ 751.606.70 6.011.878.37 al estate a 3.200.5629.50 e Real estate mortgages ifirst fien ) i 0.00 APPLICATIONS INVITED . Sl g Rond. (nat gy rp Premiums uncoliected for LOANS on ‘ i e L naskag Interest due and ac 1100810 IMPROVED PROPERTY i Pemtngall - oG unpaid losses Total assets —~ Total assets LIABILITIES Net unpaid clain LEa . .$1.585, LIABILITIE= Reserve as required by law e PR B s 3 Net unpaid ciaims . . s >, rents, expenses, taxes Crpes . Reserve as required by law . A smmissions, brokerage, etc. . s i e X Salaries, rents, expenses, taxes, etc. Volunt reserve for contingencies ............. 3 Commissions, brokerage, etc. .......... L 8680781 Net surplus .. Ciieieee... 677,24853 | All other liabilities: Surplus ........... 1,482,191.29 Total assets 8. Total assets Located in the Total liabilities .... e o $4.615,054.63 Total liabilities $3,052,457. Diatriot of Columbia and adjacent LIABILITIES Hesoy Character of husiness transacted during the vear 1325—Mutual Cas- | Character of business transacted during the vear 1925—Fire, Automo. Subwsbs in Montgomery County, Mé | Net unpaid claims $8.113.168.44 | 8w ) 36 ualty Insurance. bile and Tornado. B Ired 07, 1 0.808,025.06| Saimtics. roate banenten, r o0k Losses sustained during the year 192 eieieiee.. 8153865736 | Amount of risk assumed during the year 1925 e, SR 545.838.10 Money received during the year 1925. . 471421245 | Losses sustained during the year 1925 ) | : : STLIT 1aa1.000.00 | Commissions. brokerage. % | xpended during the year 1925 ... i . 3.884.901.14 | Money received during the year 1 pital et = 0000000 et e ke iDLOER H. G. KEMPER, Vice-President. Expended during the year 1925. o 1000,900 00 [t girec tianlitine, 8 WIN E. HOOPER, Seeretary. iy | Total liabilities. . . $650. Vo conpentionabianK 160.463.71 | Subscribed and sworn to before me this 15th day of February, 1926, sorve, & ! S | s al) H. M. SORENS Notary Public. b 2 i of February, 1926, al. $ N blic. INTEREST T e otary Public. B Gondo s DE—EHEDE'JEUEEEEEEEEE Amount of risk ae Character of Tusiess tranas - S=— N TOo { “umed during the s 35— Aceident, health Apriy el by £10.816.181,006.00 te glass, burgiary S Lower sustained & eigins and Ay wheel H. L. RUST COMPANY L ss2.386.85 ] EU0. 'stio Froberty amase, o | Member Insurance Club of Washington received d i » sion. properiy damage and o the vear 1 7.089.661.05 n other than'a Tive stock Expendnd_during the Amount of risk d LOAN CORRESPONDENT 1 year 1925 .. 6 ,302.31 T el | ° ° ©4¢ PRUDENTIAL INSURANCE | Tt e \;%EEs’.?:‘w’f L e ot Dlstrlct A enc Com an COMPANY of AMERICA i Subseribed and_sworn to before me | E: during " the i d duy of February, 1926 year 1025 20917 Ll s “ JAS.L. D. KEARNE (Seal ) A. M. WIGHTMAN, " ] 912 15th Street N.W. Main 6888 5 AT oy Public. | R.C. L. HAMILTON, Compintion E. S. BRASHEARS, Treasurer | 710 14th Street ‘ Edward S. Brashears ‘ Strong Companies—Prompt Service . 1 Open Until 5:30 P.M. SO Tomorrow [f | smarens ‘;)'r TT,::l' bl STATEMENT OF THE CONDITION STATEMENT OF THE CONDITION OF THE Thursday & Friday 710 14th Street adard Accident Insurance oF THE oF THE ' Peoples National Fire Insur- STATEMENT OF THE CONDITION Company of 'Peh'?:l vygd’ The Palatine Insurance Co., | | Caledonian American Insur- || ance Company of Wilming- : || 'On the 316t day of Docomber, 2 There Are . - . | Bl BTN || L, of London, England | | ance Company of New York || tomDel. Union Central Life Insurance Company ||| | it ™ O the ot oo o e, 8810 |0 o o e 108 s || SRR a7 B B 020 o Code. "amended June 50, Capital stoc $2.500.000.00 | | 35S "amended June 30. 1902, and | | required under the District of Rt ot d ute iy 1 um. IR = ~ tal stock. ‘paid’ up - i 3 ® ded June 30, 1907, and August 18, 1911 Ovel' 46’000 Of CIHCInnah, Ohlo. O taeh 2.500.000.00 | | Ausust 181011, " A Tt e o i i 'S, | Capital stock £1.000.000 00 ASSETS Cupita) “stock. " paid On the 31st day of December, 1925, as required under the District | Cash in office : 000 o Nt genat pital, wtock.” s pen ccounts of Columbia Code, amended June 30, 1902, and August 18, 1911. | o i Bk 13T, Sibthe " an o ) T ' ' o Real estate ‘morizages e L MR . S = o Cash in office Capital stock . $2.500,000.00 [ g, et Hen) oo G Premiums uncollected and SN ol - Capital stock. paid up. in cash.... 2,500,000.00 Bonds (market’ valiie).. 11 0 in hands of agents. . .. . Gash in hank || Premiting wcoftec ted Relnsurance recovera b1 e eal estate B 0.650.00 ETS. and in hands of agents 3.3 £ e reom ] A $57.65122 frst Sien T ' OFFICER { Proof positive that our i [} | Ay = MO E B aisernes o e Stocka and bonds Tmarket (o0 | | Stycks and bonds (mar, oy v2e 00 “RS: oof positive that : i oeEeE ey : i crued b 213011 Total sssets ... $5.108, acke and et value) 29,472 | in bank. o 07T 1§ | A other “amsbia: ¢ —— i e Premiums uncoil s 3 | William D. Hoover. Pry e o o | e ekl Col: S R L A emiums " uncoil Feank W g, 22 service meets the require- L :::::: mortgages (first lien). . ll::‘r‘:l"""r”"'"‘;"""‘”" 110.012.33 LIABILITIES. Ty e S s 10.085.8 e ments of the people. Ronds (market value). ; canity Workmeri's m‘? 5 Rk vrpad e oo SDSRSIS00S | Al ather. J::,‘;?,;."}.?."’."{& | n}:‘lalrd"fl"n'-vl If 7 elded Premiums uncollected de(orrgd. 3 2 & Jepsstion Retnsurance 547710 ¥ rari L.... 3.081.354.11 bt [ P you re not mciuded Interest and rents due and accrue ! 2 e 12647 alari rénts. expenses. o — | Bor i : iy : All other assets: Policyholders’ obligations i I Total as $10.100.012.98 AR e Total assets .. T Tota M Basion: Keet in this ever-growing All other ass | o i iy b 5.000.00 jamiEs Jotn W Cajvert Al T £ e = - Ald calms. ... $5.67851048 seonetin’ special refin 00 Net unpaid Claims $101,076 Ao Vi family of ours, become a ot e il s, il il N ‘a S e | 0 TR ’ ,Iv:‘“,,‘mfis . Ropere 0, i by TLOLOTO John ] N 5 | A i the! Xet e ; 65 T g A S MO R il : : depositor. now, so we can LIABILITIES. | Volunts tmated exponses Bestire a roguired by axr 301620 Salarics. " fents.” expensee, oo start paying vou interest Net unpaid claims. contimgencics . E 125.000.00 vestigation and adjust- Salaries irokerage, e e e n-fia”ng %m.,\"i‘ N.Tn.,. T cxpna o Yeatrution_sntt adiu 8.000.00 "}?[“5'_. il Shee ron;mlulnna tirokerag e WOODBURY_BLAIR e = z 7 Reserve as required by 1aw.......... . 187 9 avesl ote. L 10,080 ——— All other hiabilitics: * Re 4 1.000.000.00 T e THIS PAYDAY. i R il Ewy 170.063.77 |§| | commissions. brokerae i ioa s Total liabilities. .$5.108.18 serve for contingencies B STATEMENT OF THE CONDITION assets 024 Sy Sy R TESRY K. WILCARD WALTFR ¢ CLEPHAN! Salaries, rents, expenses, taxes, ete... SO | e 2 500.000.00 Total liabilities. .. $447.196.85 Total liabilities B L 3 0 1,628 45 f 985: Fire. motor vehi. Character of husiness transacted dur- AR L Cash dividends remaining unpaid. 742.441.68 [T L 030:4% e 'mr.y;‘."h' A e e — ing the year 1 Fire, iniand, navig: = Character of business transacted dur- | | At rinkler leakage. riot. elvil PRESCOTT GATLEY All other Uabilities 8,293,090 tranacted dur- | | STl commotion. and expiosion. earth | | ing the Sear 1025° Fire wid tonado. ommotion, explosion and earthquale. . 3 . othe: . suto and tof > Garing the year 1825, $30.006.307.00 siimed during the Same Rate of ' Interest B R e i He te S ianlly, St | | Rt S e g Loiis ity Ji5E seeeomaoron || 4Lk, ame e ol ntere: e it 999 74 Money ™ received ' during ol ing the year 1925 547.488.34 Paid on Large and T ke s i f.:?:s'»s"""{"vfr«""gu'r?w ruaacs. LTS i ear oot 818008589 el At s (VNI | Neney recsived Huring . aeh0n L g Characfer of business transacted during the year 1925—Life. H wfi.’#fy"}“fm'v" i $7.183.331.56 O $3.453.365.90 'Year 1 e Y $925.494.08 ,,;,,,,.,.,,d “quring 11 e . Small Accounts Amount of risk assumed during the vear 1935.....$187,055,788.00 aney recelved $17,28.510.74 | | Exended. % : Year 1925 S 118 i 0 5.565.183 ¢ Secretary. B KT e gg"fig Sot.e1 e 'm:'AT Ty WHITNEY _PALACHE, H. E. FRANCK, Subgeribed and sworn_ to before. me R ST, Secretary Secretary. this T0tb day of February. 1026, this 10th day of February. 1926 e, Queens Cou R P RUST. secr Eubyciited <0 ewor o, heture e (Seal.) EDWARD B. VAN DYKE e 1 N York County 59th February, 1926. (seal') ‘SodEPH M VINTER Oldest Savings Depository in Washington- (Seal.) D. H. SOTTENGER, Notary Public. H\ROSIER DULANY. IR T Deposits in any Commissions, brokerage, ele............. 5 35.16 Surpius over all Habili- Character of business transacted dur- FREDERTCK A, FENNIM amount are welcome at Capital stock ... A 5000000.00 4 Total Liabilitios.$10.190,012.08 8 . tornado, windstorm and tion and transportation. tornado. wind. JLLIAM D HOOLER this big bank. Surplus derived from non-participating policies. 514,184,00 - 45 dent. health: uake, f00d. Amount of risk ssaumed, Amount of rigk fiolity, surety. check forgery. plate year 1095 ®9805.143,130.00 e yens 125 Loarinzp L. - $210.346.621.00 Money _received dur\nt Expens (lurln[ e the year 1025 = Losses sustained during the year 1825.. 9.303,435.00 10l | Expended during "t :: 925 1. ..... $3.623.510.81 R. C. CHRISTOPHER. B. WEAVER. 2 ] Dxpended during the year 1925 e President. U. S. Manager. Secretary. thie 23 day of March, 1926, N atIOflal SaVIHgS &Trustco. cmonm: L. WILLIAMS, Vice President. CHARLES C. Subgeribed and_sworn to before mo Subscribed and_sworn to_beforo me M;;;:‘,gm,, [ama J“""“:'A‘AF“"“""“ Capital and Surplus, $3,000,000.00 Subscribed and sworn fo before me this 18tA day of this_11th day of February. 1026, (Seal.) Cob Ty 0 090 < * Notary Pubiic. or 10, Appointment “Expires Year Cor. 15th and New York Ave.