Evening Star Newspaper, March 20, 1929, Page 13

STAR. WASHINGTON, D. C. WEDNESDAY, MARCH _20. 1929. URBTOGKS G INHEAVY SELLING Higher Credit Predictions! Cause Withdrawal of Many From Market. BY HARRY H. BECKER. Bpecial Dispatch to The Star. | NEW YORK, March 20.—At first un- concerned over higher money and push- | ing their favorites up aggressively, speculators became somewhat alarmed over predictions of even tighter credit conditions and later sold nearly all the active issues urgently during today's session on the Curb Exchange. Heavy pressure was directed against | practically every important stock on' the list and resuitant declines were the | most severe in some time. For a brief spell demand of the most insistent character was witnessed in! issues like Haygart, Ford Co., Ltd,| Bohn Aluminum, International Tele- phone & Telegraph new, and a dozen or more especially favored because of | specific developments. The majority of these went to the best figures so hrl quoted, but came down with the balance of the market when offerings suddenly increased. Losses of quite sizeable proportions ‘were suffered by practically every leader in the utility, aviation, radio, invest- | ment trust and motor divisions, before | & turn came. 1 ‘The opening feature was an overnight | ump of 11 points in Arcturus Radio | be, which has been moving steadily | higher for nearly a week. It made | & new peak, but met heavy profit-taking and came down almost as violently. Stocks like International Telephone, Ford and Goldman-Sachs met with bet, ter support, but were unable effectively | to resist the selling. Oils also gave way with a good deal of stubbornness and at their lows showed only moderate Josses from their previous | closing levels. Early buying of Vacuum, | Indiana Standard, Plymouth Oil, and | Humble vanished, while Pacific Western, | recently inactive, broke badly on a ‘few sales. Auburn was strong for a while in the American automobile group in response to & report showing a 144 per cent jump in first quarter sales compared with the same period of 1928. Fandango, among the accessories, was steadied by official announcement of a plan to offer present | olders right to subscribe to stock in a new corporation being formed by the ent. Among the metal stocks, .Anaconda covzer rights were strong while the stock advanced on the big board and later declined in sympathy. Declara- tion of an increased dividend on United Voide Extension was followed by | & spectacular advance in the shares. Newmont, Noranda, Phelps-Dodge and one or two others lost their early buoy- ancy. WIRE-RADIO FIGHT IS THREE-CORNERED Special Dispatch to The Star. NEW {Ofli-si March 20‘:,_:“‘ Mackay | Radio legraph Co. is ready to make the first aggressive move in the three-cornered struggle for the com- munication business of the country. ‘Transcontinental circuits have been the Co., sub- \ph Oorporation, wu’f '}I?l?tmt: business announcem formal opening for transcontinental business at an early date. The nucleus of the Nation-wide Mackay system will be four stations in the country, to be added about a score of new wireless stations in_strategic cities as soon as the Federal Radio Commis- sion allocates wave lengths. The whole Mackay radio system will be overated in conjunction with the Postal Tele- grl h & Cable System. another . T. & T. subsidiary, which was con- solidated with I T. & T. last year. In addition to the projected stations in the United States the Mackay plans include five stations extended across the Pacific Ocean, on United States soil, to the Philippines, and stations throughout South America. The statement of Newcomb Carlton, g:smnt of Western Union, that nego- tions for a merger of Western Unio! and Radio had been abruptly discon: tinued was seen in Wall Street as of great significance, indicating that the ks possibility of overcoming the pro- hibitions of the White act is so great that the companies are forced into & bitter struggle for business. Although the question of prospective rate-cutting came up, no one would predict what would happen in this respect. In all communication quarters it is agreed that a general merger in the communications field, such as took place last year in England, would be very desirable, with the inclusion of Radio, Western Union, Postal Tele- graph & Cable and Mackay Radio & ‘Telegraph into one national and inter- national system. The savings in operating economies and the extent of the combined services which would be available to the public would be of incalculable value, it is believed. s COTTON IS STEADY IN OPENING SALES Census Ginning Report Proves' Bullish Factor—Buying Is Increased. By the Associated Press. NEW YORK, March 20.—Cotton med steady today at an advance of to 24 points and sold 37 to 40 points above yesterday's closing quotations right after the call on active general buying influenced by the census ginning report and bullish features in the weekly report of the Weather Bureau. ‘The census report ghowed ginnings of 14,269,313 running Beles or 14,450,007 | equivalent 500-povmsl bales, which seemed to be slightly under recent ex- pectations. Publication of the figures apparently removed uncertainty which previously had checked buying. May contracts sold up to 21.22 and the new October to 20.50. The high- er prices seemed to attract some South- ern selling and the market eased off a few points from the best by the end of the first half hour. Liverpool, which had been relatively easy early, advanced after publication of the report. ettt iy Mining Company Expands. NEW YORK, March 20 (P).—The annual report of Charles F. Ayre, presi- dent of the Newmont Mining Corpora- tion, a holding and mining company closely identified with J. P. Morgan & Co., discloses Newmont has acquired a substantial stock interest in Rhodesian Anglo-American, Lt#, a British cor- poration formed to acquire copper | mining holdings in South Africa, a| potential copper-producing section of importance. St. Luke's International Hospital| Bchool of Nursing, Tokio, has less than 50 students. NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office NEW YORK, March 20.—Following is a list of stocks and bonds traded in on the New York Curb Market today: Sales in INDUSTRIALS. hundreds. High. Low. Noon 1 Acetol Prod A A 1 Acoustic Prod . 5 Alexander Industries 3 Allied Pack 2 Allfed Pk 4Am & F 224 4 A 2 Amer 2 Amer 3 Amer 3 Amer 19 Amer 8 Amer 2 Anglo Ch 17 Atk Natl Gas ....0 0 68 Arturus Radlo 'Tube 8 Asso Gas & El A 16 Asso G & E deb ris 7AU Fruit & Su.... 2 Atlas Port Cem 9 Auburn, Auto Co. ... € Auo Reg Mach .. 13Burma COrp......... 20 Can Marconi W 11 Celan Cor Am. . .. 3Cent Pub § A 7 Chain Store_Stock 2Club Alum Uten 2Cons Aircraft. . 3 5Cons Auto Mer vic 1 Cons Auto Mer fed 8 Consol Film.. .. 4 Consol G Bal 3 Consol G Balt ‘wi 4 Consol_Laund........ 1 Cons Theaters Contl Diamond Fib wi 29 Crowley Milner.. 5 2 Curtis Aero Exp 3y Deere & Co'. or R C Die € C Alrcraft 3 Evans 3 Fandango Corp A 2Fed Metals cif 5 Fox Theaters A... k (H H) ‘Mg Co i Freed Eisem R C.... hman Chas Co Bak all Lamp ... 1 Hall Printing Horn A C pfd 1% Horn & Hard pid % Btrs Del Food P 4 e PRt 499 Inl Tex & Tel' n wi.. 5Intern ULl B .. 11Intern Util war 3 Jonas Nauin 2Jonas & Naumb pfd.. 57 4 Joske Bros vic 1Karstadt R. € Keystone Aircrafi. 1Klein Henry pt pid.. 1 Kobacker Stores ... 3 Tone Toind’ Light P AT v uass TEETS T 23, it Pt gzgs! FETER 2 orthwest 14 ORia ‘Brass B 10 Oliver Fm Equip Wi.. 463 1Qliv'E Fauip prpfd A100 * 1 12 Oliv P Ea conv part. 87 |} Eenn onlo ‘Ed 5812 fa ptd. HA eeis Papi. 1Schulte Real Est.. 3 Schulte Un 5c-31 8tr s oho e bR r i anish & Gen Sparks Withing tand Inv o B o 33 Starret f . Ste'n Cosmetics Co. 1 Stewart Warn Cor n 2 Stroock Co .. % Sullivan ~Mach iSwitt & Co . 4 Taggert Corp 2 Tenn Prod . 2 Tnermold . 2 Thomps Prod A 'xd 9 Timken Det 5 Tish 170b & Allled 8 ..... 1§ Trans Am ... 14 3 Transcon Alir Trsp. 13 Tri Cont Corp Beg382 8.2 R S535 off B 0. C Bk pld xd.. C Pdg ..... v_Pic I P & L n van 6t altt aitt & Bond < <cacadac: < SEs & Bond ALl 2 B 2% algreen ... asne Pump estvaco Chlor ‘xd’’ 10 hite Sew M deb rts hitenight Inc ..... 1 illiams RC & Go. .. -Low_ Cafeteria =% .uun__._v__—uu...,.nun sggzss: iog ‘ndreds. %92 Anaconda Copper ris 3% 50 Ariz_Giobe C..... Bunker Hill MINING STOCKS. 3% 3% T 0 T 58" .56 15 Hecla Min’ .. 81 3w | Sales in Hud Bay Min & Sm. 2014 Cap, Copper.... 6% omeiaps” Gop. nteiope ' Cop San Toy i Shattuck Denn 85 Am Gold & P .. . Stand Silv Lead ... Ini Verde Ext . Utah Apex .. 4 Wendon Cop Sales in INDEPENDENT OIL STOCKS. hundreds 15 Am Con Oilfields .. 4 Am Maracaibo Co . 5Carib Svnd 55 Citles Service 35 Gities 1Cit Se 2Colon Oil . 2 Columbia Synd 3 Cons Rovaity 8 Creole Pele ... 1 Crown Cent Pete . 4Guif Ol Pa 5 Homaokla_Ofi 5 Pantepec Oil.. 1 Reiter-Foster " il 10 8alt' Ck Cans. .. 2Salt Ck Prod 5 10 Texon Oil & Land n STANDARD OIL ISSUES AND units FORMER SUBSIDIARIES 100 Anglo Am_Oil o 17 1200 Humble O & R 1027, 102 300 Imp O Can . 9 93 300Ind P_L... 800 Inter Pet Lid:. 300 Nat Transit.. .. 500 Penn Mex Fuel 100 Solar Refin n. 200 South Penn O.. 15008 O Ind... 108 O Ken 11108 O Ky 08 O Neb. 1600 Vacuum Ofi Sales v in thousands. BONDS: 3 Abitibi P & P 55 8Alu Pow 5s L W 43. 127 El 55 2028 95 2016. 10514 959 Fairbanks Mor Fisk _Tire Sios Fla P & L 55 '84.... 89 Gal Sig Pet 7s '30... 100'a tineau Pow 55 '56. 9414 Ga Gen A I 5s A 0 b e e e ass Gag 5128 * cCord Rad emp Nat Gas 6s RZZR! 5 2 5 o5E. ZBAZZZZZZ 2D D) ] 5 = ITTo e 1 5 3 2 1 0 2 1 1 1 [ 4 0 3 1 0 7 6 4 2 2 1 1 1 0 1 7 3 0 8 2 8 3 § 2 3 H 3 ] 1 5 2 i 2 2 5 1 3 1 1 3 o STOCKS. 3., |that the post-Easter trade will be of &P 65 '31.. 96 6 Uni Lt & Rail 5ios'52 904 U 8 Rub 6las '35.... 98 U 8 Rub &i2s '38 1U 8 98% Sales in FOREIGN BONDS. thousands. 5 Antwerp City 5s'58.. 91 11 Buenos Aires 7s '52. 99% 2 Buenos Alres 7ias 47102% 8Cauca Valley 7s '48. 88, 1 Cent BkGerSta 6sB'51 85 5 Com & Priv Bk 513537 3Eur Mtg & Inv : 3 Free St Prus s 52 1 Free St Prus 6128 51 3Gelsen Min 65 34 26 93! 12 Russ Gov 18 Russ G 6145 "1 2 Snar Basin 7s 12 Stinn_Hugo 7s '38 ¥ 10 Uni €11 W 625 A xd—Ex-dividend, When issued. n-New Ww--With warrants. g INCREASE IN RETAIL " BUSINESS INDICATED BY J. C. ROYLE. | Special Dispatch to The Star. | NEW YORK, March 20.—Easter trade is at its height and gives every promise of being in larger volume than that of a | year ago. The early Easter has brought the buying peak earlier than usual. | "What is of much more importance, | however, is that there is every evidence 9 cfs n | extraordinary proportions, In the first place, weather conditions are likely to be favorable in many sections. Buying | power is higher than it was a year ago, both in the agricultural and in the in- dustrial and urban communities. The will to buy has not been checked by untoward advances in prices. Retail stores in general are due to profit from these conditions, but not all | will profit alike, for net income is going to be raised more by reducing costs of | sales and distribution than by a widen- ing on the price end. The actual figures show that the mail order houses, with their newly opened retail stores, are making the lowest gains. The chain de- partment stores are taking advantage of lowering of overhead. The 5 cent to $1 chains are doing well, but the expansion of the 5 and 10 cent and grocery chains seems likely to proceed at a less active rate than in 1928. The individual store owner, who is selling service as well as goods, has a chance to seize and hold customers as never before. Quality is & more domi- nant factor than ever. Service is ap- preciated by many, even at the expense of economy. This is indicated by a New York retail butcher, who said today that the loss of only six dissatisfied custom- ers, who had been regulars, could change the a" erage meat market from a profitable to a losing business, Efficiency pays on both ends, for it is a well established fact that prices made by wholesalers to a prospering, up-to- date, well run store run from 1 to 5 per cent lower than for the same goods to a store which is so run that the whole- salers fear it may lose business. In other words, the wholesaler will “take a chance” with a winner, but not with a prospective Joser. In view of all these facts, it is likely retail stores in the first half of 1929 will exceed all records for the first six months of any year. SILVER QUOTATIONS. NEW YORK, March 20 (#).—Bar sil- 56'2; Mexican dollars, 42% Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., March 20.—Po- tatoes, white, 100 pounds, 75a1.2! ams, barrel, 2.50a4.50; sweet potatoes, barrel, 1.50a3.50; asparagus, dozen, 3.00a9.00; beets, crate, 2.50a2.75; beans, bushel, 2.0024.00; cabbage, hamper, 1.00a1.60; carrots, bushel, 1.50a1.75; celery, crate, 2.00a3.00; caulifiower, crate, 2.00a2.50; eggplant, crate, 2.00a4.00; kale, barrel, 75a1.25; lettuce, hamper, 75a2.00; lima beans, bushel, 3.50a4.75; onions, 100 pounds, 3.50a5.00; oysterplants, 100, 8.00a10.00; parsnips, basket, 60a75; peas, bushel, 2.00a2.75; peppers, crate, 1.50a3.75; squash, crate, 1.50a3.50: spin- ach, bushel, 75a90; tomatoes, crate, 1.00 24.50; turnips, basket, 50a65: apples, bushel, 75a2.00; cranberries, half barrel, 7.0028.00; grapefruit, box, 2.00a3.25; tangeries, half box, 1.25a3.00; oranges, box, 2.25a4.00; strawberries, quart, 25850. . Hay and Grain Prices. Wheat—No. 2 red Winter, garlicky, spot, 1.33: March delivery, 1.33. Corn— 2 export, March delivery, No. 2 yellow, domestic, spot, 1.10al.11; cob corn, 5.2525.50. Oats—No. 2 white, domestic, spot, 58a58'z; No. 3 white, domestic, spot, 5785715, Rye—Nearby, 1.10a1.20. Hay—Receipts, none. While hay is arriving here in limited quantities only, it is more than ample for the demand, which is being supplied mostly by truck from nearby points, a few carloads be- ing received. There is not enough busi- ness passing to establish prices on the various kinds on merit at a range of 15.00a16.50 per ton of timothy or clover hay. Straw—No. 1 wheat, 11.00a12.00 per ton; No. 1 cat, 12.00a13.00 per ton. Dairy Markets. Poultry—Alive, young turkeys, 35a43; old, 25a38; young chickens, 38a46; thin and poor, 25a38; old hens, 31a33; Leghorns, 30a32; capons, 35a45; old roosters, 18a20; ducks, 20a32; guinea fowls, each, 50a1.00; pigeons, pair, 35a40. Dressed, turkeys, young, pound, 35a45; old, 25a40; chickens, young, 35a40; old and mixed, 30a35; capons, 35a45; old roosters, 20; ducks, 25a30. Eggs—Receipts, 1,503 cases; native and nearby, firsts, free cases, dozen, 2735 current receipts, 25 and eggs, 38a48. Butter—Good to fancy pound, 45a50; prints, 51a52; blocks, 49a51; ladles, 34a38; store packed, 30a31; rolls, 30a32; dairy prints, 30a32; process butter, 41a42, creamery, CHICAGO DAIRY MARKET. CHICAGO, March 20 (#).—Butter— Lower; receipts, 8923 tubs: creamery extras, 46l3; standards, 46%; extra firsts, 46a46'¢; firsts, 4515a45%; sec- onds, 4415245, Eggs—Higher; receipts, 16,570 cases; extra firsts, 28a29; firsts, 27a27%5; ordinary firsts, 26a2615. Poultry—Alive, firm; receipts, trucks; prices unchanged. 14 PARIS BOURSE PRICES. PARIS, March 20 (#).—A heavy tone prevailed on the Bourse today. Three per cent rentes, 71 franes 95 centimes. Five per cent loans, 99 francs. Exchange on London, 124 francs 29 centimes. The dollar was quoted at 25 francs 61 centimes. CHEMICAL OUTPUT GROWS. NEW YORK, March 20 (#).—Produc- tion and consumption of chemicals in the first quarter of the year promises to reach higher levels than had generally bzen predicted and the industry, taken as a whole, finds itself in a favorable position, says Chemical & Metallurgical Engineering. A large part of the pro- duction has been sold ahead. The ma- jority of the chemicals held a steady price course in the past month. Arthur Roeder, president, and W. A. Maxwell, jr., vice president, have been elected directors of the Colorado Fuel & Iron Corporation, succeeding J. B. Marks and E. H. Weitzel, who resigned. GRAIN PRICES DROP IN EARLY TRADING Selling Movement Forces Reces- sions in Market for Wheat and Corn. By the Associated Press. | CHICAGO, March 20—General sell- | ing, together with lack of aggressive | buying, gave a decided swing down- | ward today, both to wheat and corn. | Favorable reports about. Winter wheat | | crop conditions, especially in Iilinois and in. the Southwest, did much to send wheat values lower. Opening ' to 1ally off, wheat later displayed little power to rally, Corn started 'z to 11 down and subsequently underwent some additional setback. Oats were easy. Provisions likewise sagged. Assertions that for the most part Winter killing of wheat in the South- | west has been only of ncrmal amount were circulated widely today, and had a pronounced bearish effect at llmPs_| Supplementing this were advices that| throughout Central Illinois the wheat | crop outlook left nothing to be desired, | and that the acreage was larger than ly and no indicaticns of Winter killing, even in low spots. On the other hand, some Kansas re- ports today said high winds in the next 10 days would prove very destructive to wheat. Much notice also was taken of dispatches from a Chicago crop expert, who said he did not remember ever hav- ing seen a poorer showing for Kansas wheat at this time of year in McPher- son, Reno, Sedgwick, Sumner, Harper, Pratt and Kingman Counties. These counties contained nearly 20 per cent of the entire Kansas acreage. MARYLAND POWER FIGHT IS RESUMED Special Dispatch to The Star. BALTIMORE, March 20.—The fight between the Suburban Electric Co. of Southern Maryland and the Consoli- dated Gas, Electric Light & Power Co. of Baltimore for the privilege of ex- tending electric transmission and light- ing lines into the country area and vil- lages of Calvert County, particularly Chesapeake Beach and North Beach, was resumed yesterday before the Pub- lic_Service Commission. Counsel for the Consolidated intimated that the new rates flled with the com- mission by the Southern Mll?’llnd ?l’- poration last week are unfair. 'he rates flled offer an extensi fee of $250, with a 10-cent per kilowatt hour primary rate of a flat 20-cent rate with- out an’ extension fee for the communi- tles in the county, and a $315 exten- sion fee, with a 10-cent rate for the rural sections. The rates filed for North Beach, the Summer community on the Chesapeake Bay, are for a 7-cent maximum rate and a 3-cent minimum. ‘The Consoli- dated contends that the 7 and 3 cent rates are too low to permit a profit to the company and that it is not fair to load up one section in order to take care of the lack of profit offered in another. The rates offered by the Consolidated in this territory are 10 cents per kilo- watt hour for the primary rate and 4 cents as a secondary rate. That the commission would investi- gate the entire rate structure of the Suburban Electric Co. was intimated by Chairman Harold E. West, who asked for a recess in which to discuss the mat- ter with his colleagues. Unless the commission orders an in- vestigation of the rates within 30 days from the date of their filing under the law they automatically go into effect. R Price of Lead Advanced. NEW YORK, March 20 (#).—The American Smelting & Refining Co. to- day advanced the price of lead from 7.50 to 7.75 cents a pound. usual, with flelds greening-up complete- | s FINANCIAL." o 3 * 1 NEW U. S. STOCK ISSUES TOTAL $1.142.000.000 Spectal Dispatch to The Star. NEW YORK, March 20.—The present stock-mindedness of the American pub- lic is illustrated in current financing. which is in the proportions of about two to one in favor of stocks over bonds. The tendency has not been quite so strong this month, however, as it was in Tebruary. In February, according to figures avail- able today, new capital raised by stocks was nearly $600,000,000 and by long and short-term bonds and notes $235,000,000. For the first two months of 1929 the facts are even more impressive. Common Stocks Lead. January and February combined pro- duced issues of new common and pre- ferred stocks aggregating $1.142,000,000. ‘Those of common stocks were more than twice as large as of preferred stocks. New capital raised through the medium of bonds, not a few of which were with warrants attached and ultimately to be transferred into the stock column, amounted to $500,000,000. In February there were 150 separate tock issues and 130 issues of honds and hort-term notes, The use of stocks for the purpose of raising new capital or for refunding has been characteristic of every era of specu- lation. It did not develop to any ex- tent until after the bull movement had progressed nearly four years. It is only within recent months that the balance bas been thrown strongly in favor of stock issues. In the first two months of 1928 new capital raised on interest- bearing securities was $590,000,000 and on stocks approximately $235,000,000. In 1927 bonds and notes represented over $690,000,000 in the two months and stocks $350,000,000. Going back to 1925, when the bull market was in its infancy and people still bought bonds, January IN TWO MONTHS and February saw offerings of nearly $700,000,000 of domestic and foreign corporation issues, against $165,000,000 of stocks. Bond Offerings. The strictly investment market at in- | tervals in the last few years has had to take more bonds than it could absorb and has become badly congested. Long | periods of convalescence have been nec- essary. It is felt nmow that there is | similar danger from the steady flow of ew stock issues into Wall Street, many of which have had immediate sharp advances, while others have made little progress, with indications recently that | the public in general is not so keen for them as it was a month ago. Undoubt- edly these issues figure prominently in the total loans of the banks. Estimates have been made of from $400,000.000 to $500.000,000 of unsold new securities in the hands of their underwriters. o ik POTATO MARKET WEAK. CHICAGO, March 20 (United States | Department of Agriculture) —Potatoes | —Receipts, 91 cars; on track, 301; to- |tal United States shipments, 973 cars; trading very slow; market weak; Wis- consin, sacked, round whites, 65a80; | Minnesota and North Dakota, sacked, round whites, 70a75; sacked, Red River, Ohios, 1.00a1.05; Idaho, sacked, Rus- sets, 1.45a1.60; few, 1.75. COTTON CROP ESTIMATE. By the Associated Press. ‘The 1928 cotton crop was placed to- day by the Census Bureau at 14,450,007 equivalent 500-pound bales, compared 1“'11;192]62.956,043 in 1927 and 17,977,374 n B INSTEAD of exercise Most headachy, bilious, constipated people are paying the penalty for lack of cxercise! Avoid this! Learn the simple secret millions already know— the little exerciser in the vest-pocket box for a dime! Cascarets are keeping millions fit and sound. They give the bowels as much exercise as they get from an hour of hard play. Oils, salts and ordinary laxatives do not act like Cascarets. These things only produce mechanical or chemical action. You have to keep dosing with them. They actually weaken your bowels. Each time you use Cascarets your bowels become stronger. They are made from Cascara Sagrada, which stimulates the peristaltic action and exercises the bowel muscles. Nothing else does this. That’s why Cascarets are being used at the rate of 20 million boxes a year, and people every- vhere depend on them for lasting relief from head- aches, biliousness, constipa- tion, indigestion, etc. Cascarers@ STRENGTHEN THE BOWELS HANDY HINGED-TOP TIN BOXES “THEY WORK WHILE YOU SLEEP” FIRE BTATEMENT OF THE OF THE Connecticut Fire Insurance Company of Hartford, Conn. On the 31st day of December, 1928, as re- uired under ‘the District of Columbia 15, 1911, 15470 1547 1547 || 19% 17 19% || .9, 9] Cash in office Cash in_bank.. Real estate Real estate lien) Stocks and bonds value) v 7 Bills receivabie c (market 1,153,349.22 164,290.24 other companies q Recoverable for reinsurance on paid losses. Total assets LIABILITIES, Net unpaid claims Reserve as required by law Salaries, rents, expens axes, etc. Commissions, Cash dividends remaining un- paid .. . Capital " stock All_ other liabil Teserves . Total liabilities . Character of business transacted during Fire, lightning, tornado, hail, ‘earthquake, profits and commissions, automobile, explosion, arcel post, use and occu- pancy, tourist floater, riot and civil com- the year 1928: Fire, liability, leakage, marine, innkeepers’ war sk, sprinkier rents, leasehold, motion, Amount of risk assumed during the year 1928.. Losses sustained during the FORE 1988 .........o0000s Money received during the year 1928 E uxpended di 1928 .. 3 a JOHN A COSMUS, C. WHAREM. 25¢h day of January. 1639, Beal.) ANDREW E. SCHUTTENHELM. 738 15th CONDITION e, jamended June 30, 1902, and August 3585.86 1,325,650.60 16,373.02 461,800.00 - 15,930,941.00 . 1846118 21,330.82 546.08 $19,093,304.02 $1,007,489.51 7,636,793.72 . 497,025.93 rokerage, etc.. 52,500.00 80.000.00 2,000,000.00 620,031.50 .$11,902,800.66 $2,398,066,847.00 3,300,762.42 8.436,968.27 006.65 Vice President. cretary Subscribed and sworn to before me this Notary Public. AUTOMOBILE Representing several of the largest insurance companies in the world, we are in a position to handle any line of insurance, no matter how large or how small. Rates are fair, and in case of loss settlements are prompt. STATEMENT OF THE CONDITION OF THE American Eagle Fire Insurance Company of New York On the 31st day of December, 1928, as re- quired under ‘the District of Columbia Code, amended June 30, 1903, and August Capital stock Ca Cash in bani Stocks and value) ... Bills_receivabie Premiums uncolle hands of agents Interest due and accrued. .. $974.374.62 et 961,748 82 50,262.13 Total assets . LIABILITIES. Net unpaid claims Reserve as requires 5 $835,528.28 y I Saiaries, rents, expenses, | 6,327,180.68 " 378.300.00 48,889.43 1000,000.00 150,000.00 " 1,000,000.00 ....39,737,898.39 Capital stock ... All other liabiiities: for contingencies Reserve for market in securities .... Total liabllities : Reserv Character of business transacted during the vear 1928: Fire, lightning, tornado, sprinkler leakage, automobile, explosion, Tiot and civil commotion, i and ocean marine and other insurance as granted by charter. Amount of risk assumed pluriog the year 1928 31,002.050,342.00 sses sustained during e year 1921 ,138,483.08 5,676,156.36 WM. QUAID. Vice President. JOHN G. DERBY, Secretary. oSubscribed and sworn, 1o, before me this ry, A 20%eaty © UMY WA, WEBER, Noti Public, New York County; Co. “Clerks’ No. 508: = Resister's No. 9871 Commission expires March 30, 1929. Insurance Department CASUALTY PLATE STATEMENT OF THE CONDITION OF THE Springfield Fire & Marine Insurance Company of Springfield, Massachusetts On the 31st day of December, 1928, as re- | quired under ‘the District ‘of Columbia | Gode, amended June 30, 1903, and August Capital stock .. Capital stock, paid’ up, in’cash, ASSETS. : $4,000.00 2,032,137.55 368,655.02 1,718,920.00 20.868420.80 15,683.22 | Cash in ofmce. | Cash in nk. (market hands of agents. Interest due and acc All other assets: Relngurance due on losses P a Balance dut 2.614,155.45 22947137 94,622.76 77.832.80 137,023,868.67 31,126,681 636.000.00 30,000.00 180,000.00 4,500,000.00 1,250,000.00 ex- 52,000.00 $24,507,337.75 el G Commissions, brokerage. e Cash dividends remaining un- pald ... % Capital stock All_other liabil] Other reserves Estimated adjusiment penses .. Character of the year 1928: Pir Amount of risk during the year 19: Losses sustained durin 8,241,847.66 18,446,185.69 .. 16576.144.38 GEQ. G. EY, President. E. H. HILDRETH, Secretary. Subscribed_and sworn to before me this 26th day of February. 1929, (Seal.) CHARLES M. HEIDEL. Notary Publ My commission expires February 4, 1 year 1928 ....... 5 Expended during 'the year 1928 ... 27| Net unpaid claims . 16,112,650.48 | Re: 5, RENTS GLASS STATEMENT OF THE CONDITION OF THE 0Old Colony Insurance Company of Boston, Massachusetts On the 31st day of December, 1928, as required under the District of Columbia ¥ mended June 30, 1902, and August Capital stock Capital stock, paid up, in cash 1,000,000.00 ASSETS. Cash In office Cash in bank . Resl estate mortgages lien) .. $3.792.00 176,284.25 8,000.00 2.261.214.00 4,955.06 (first Stocks and bonds (market VRIR) o . inces Bills recelvable . Premiums uncollected and in hands of agents .. 7 Interest due and accrued . All other assets .. aroaese | Total assets LIABILITIES. $402,967.24 serve as required b} 1,949,540.38 Salaries, rents, expense 157,100.00 18/500.00 1,000,000.00 73,851.83 Commissions, brokerage, etc. Cavital stock .. .... it All other liabifties . . . $3,601.950.45 ed during and inland Total Mabilities . Character of business tran: the year 1928: Fire. marin (includinz automobile). Amount of risk assumed dur- ing the year 1928 ........$270,576.804.00 982,311.04 s .~ 2,697,155.07 Expended during the year 1928 Gk .. 2,041,523.28 P. WINCHESTER. | Vice President. W. J CHISHOLM, Becretary. Money received during the vear 1928 ..... . Subscribed and sworn to 215t day of February, 1929. (8eal.) FREDERICK W. DOMNICK, ‘Notary Public. before me this THOMAS J. FISHER & CO., Inc. BURGLARY WINDSTORM STATEMENT OF THE CONDITION OF THE Commercial Union Fire Insurance Company of New York On the Sist day of December, 1928. as re quired under the District Code, amended June 30, 1902, and Ausust 18, 1911, Capita) stock.... i | cash in bank Stocks value) i Bills receivable. Premiums_uncollected ai | hands of agents....... All other assets. Net R Co All other Surplus Character the year 1928: navigation and transportation. hail fi leak plosion. ! Amount during the year 1928... Losses sustained during vear 1 W. KOE J. GAUKNODGER, Secretary. Subscribed and sworn to before me this 15th day of February, 1929 (Seal ) Notary Public. Queens County, No. 810 Sort, Fijed in N ¥ No. 85 No. ‘Q-43 3o, S50 of _Columbis ital stock ASSETS. | netaeivians AMRNONIS | and bonds (market | terest due and accrued .... 36.368.00 | 7.510.61 Total assets........ $3,337,378.24 LIABILITIES. | unpaid claims ....... $165,035.00 | . | Net mmicsions. labilities. Total liabilities of business transacted during | 8: Fire. motor vehicie. inland windstorm and cyclone, sprinkler e, riot, civil commotion and ex- the assumed $220,979,160.00 e 569.852.68 | of risk r 928 . 1,502.088 40 T. President. b THOMAS F. HEALY, 7 5 Reg. Commission expires Marel We Make a Specialty of Automobile Insurance THOMAS J. FISHER & CO., Inc. Real Estate, Loans and Insurance St. NW Main 6830 | capital SEirees | All other liabilities: Surplus. aquake. riot and civil commotion, rain. Amount of risk ing the year 2 TLosses sustained during the 1.200.314.49 LSS Mode”. Money received during the ear 1928 . Expended during e STATEMENT OF THE CONDITICN OF THE |Citizens Insurance Company of St. Louis, Mo., On the 31st day of December, 1928, as required under the District of Columbia Code, amended June 30, 1902, and August | ......$1,000.000.00 | Capital stock .. cash 1,000,000.00 Capital stock, paid up, in eash.. 2,857.561.00 | Cash in bank...... 154.70 | Stocks value) 5 201,996.80 | Premiums _uncollec hands of Interest due and accrued.... and bonds BT 698,105.00 ed and in agents.... 282,166.65 94.47 Total assets +.$1,288,938.75 LIABILITIES. unpaid claims. . | Reinsurance premiums ... | Salaries, | Tete. ,300.00 200.000.00 445,502.32 $1.288,938.75 ock ... Total labilities .. Character of business transacted during year 1928: tornado. Fire, motor vehicle. earth- hail, sprinkler leakage, assumed dur- 1928..........$490.534,905.00 268.420.58 A 578,276.63 the 5 556,181.17 JAS. WYPER, Vice President. Subscribed and sworn to befors me this 1st day of February, 1929. (Seal.) ROBERT D. MORSE, Notary Pubilc.