Evening Star Newspaper, April 5, 1929, Page 13

FINANCIAL ; FINANCIAL. ACTIVITY INCURB | I "NEW_ YORK CURB MARKET Received by Private Wire Direct to The Star Office sal ¢ Bales BTANDA TRADING SMALLER et o it Alesanaer & n’o" jan 08 106, Market Fluctuates Uncer- tainly—Credit Situation Still a Factor. | oN u co ETATEMENT OF THE CONDITI o || Reliance Casualty Insut- 'ance Co; oL I::Wll‘]l(.,” N. J. 18t - BRI | Caital stoek 600.908.00 | Capital stock, Paid 806,000 mu'ull s tau- mlln huln lnd mm. their. earnings been steadier than | pating as the company those of lmml.:v.- end rallroad esr amd:m tm s ;':‘ jl“ ‘" o Wl o et 4204 for art o CAFRITZ ‘The chart shor the 1928 earn- | the 'mkl of thume%ulvmem ‘companles | | 1016 14tn 8t 13 d;luln the past two ye-n shows clearly e $d ‘were seldom able to hold their BY KENNETH §. VAN STRUM. |18 fhe §2 divdend b, e e bl would have| STATEMENT OF THE CONDITION * NEW At htly over 4 per cent dnel not seem | been unwise, obviously, to buy any of | R L g el e 1y an M:u?ompld i & sirong |these stocks ‘after they had risen Yorkshire Indemmty Co.| gl flm w n an Te are no ob- P | R frelmnt e makers of locomotives | ations ahead of the common stock. f of New York, N. REPORT o' Cmo“ On the 3ist day of Dreembel. 1928, as‘ re- | Stoe Locomotive and freight car manufac- | Any increase in the amoufg of e ‘ip- 194 | turing is, however, niy one phase of | ment bought by railrosds shouid bene- Aiended Sune" 30, 1007 avd Aueust. o 1911, Chevy Chase Savings Bank. the railroad equipment business, Other |fit this company ‘lflmfid’m‘% Capital stock . .00 fi%fi"'"un“x:; "l‘::led"b:tht:' making wheels New York Air Brake. CaDital stock, paid "ab, i caah! ! "300,000.00 | | mterest e Sena’ sccried’ s 5 A New York Air Brake Co. has also ABSETS. Total assets American Brake Shoe & Foundry. |beefl able to withstand the depression | Of Washington, in the District of Cglumblg, | office e deast LA 114 American Brake Shoe & Foundry is | in the railroad equipment industry be- | & e close of business o s ‘“ ek i € et unpaid claims one of the t manufacturers of | cause of its concentration on the manu- Reinsurance premiul brake shoes @nd.rallroad car wheels. |facture of a replacemeént product—air sa l,lrlu Tents, expenses. taxes. 3058 8 ga-;n'n(m-mm “brokera 69.130.02 | ings al rgg'n it o8 g e 10¢ 104 100’6 $300.68 107.954.32 25,000.00 i . 1.036,321.12 Pr!mhmu um:olloc"d and in s 109.048.80 e G 12.660 33 $1,381,282.41 ‘% fimc 1 Aleo vie!!! m" Coinl i 5 Am Commonw P A 28 8 Bhio | 400 Vacuum Ol 3 Am g,":'.’:.;’.'m ris w30 ales N i % | B rousenas. 2 Amer R TR 3 AR Pep 354 8 BY HARRY H. BECKER. Speclal Dispatch fo The Star. NEW YORK, April 5.—The threat confained in the latest Federal Reserve statement with respect to its policy on credit curtailed speculative activity on the Curb Exchange today. The market, however, took the development with surprising calm and, except for ‘some hasty selling shortly after the opening, moved in a rather indifferent manner. Little progress was made by any group. For'a brief period early in the sessfon several utilities were bid up sharpy against the professional short account. American Superpower B was especially buoyans and American & Foreign Power warrants moved ahead Tather impressively, but the Slrtngth I'nlr-d to bring in any outside participa- ion, The rest of the group fluctuated lessly. tional Telephone & T tive, without much change | and the me was true of | ¢ Sto ric 'Bond & Share and United ’} EQ;,;‘H;;,‘“M';,’X Gas Improvement. Northeastern Power 14 Commonwlth Ed . Tose several points on a few sales. 2% Cons Alrcraft .. Recent strength in leaders like Gold- TR RO man Sachs, the metal issues and repre- sentative industrials gave way (nl irregularity under realizing. Trahs+ America continued active and firmed up following the declaration of the regular 1 per cent stock dividend and the same amount in cash. Haygart sold ex rights and recovered parily, while the movement in Tri-Centinental lost its former vigor, The most in ng development in the motor division was (he introduction lo trading of Ford of Canada new stock RESOURCES, lnd discounts vm,'lzs,fl g hands of agents s Interest due avd accrued . Total assefs . Lumuflu 1d claims 5 fequired by Iay rents, expense EEaa, E 3 It maintains many plants; in various |brakes, This company is the second sections of the country in order to fur- |largest air brake manufacturer and nish its products more conveniently to | holds an agreement whereby it may use Surplus .... railroads as replacements of old el}ulr ‘Westinghouse patents. ment becomes necessary. Most of its| The company’s earnings have fallen business is replacing worn out parts, | from a high of $10.63 a share in 1923 to but the company also supplies car and |$2.98 last year. The average, however, locomotive manufacturers. The de- | has been $5.05, so that the.$2 dividend pression in those industries WAS 80 | e ~ great last Kur that it could not help STATEMENT OF CONDITION - but bring the brake and wheel industry American Motorists 21,668.44 243.485.52 140,861.28 10916.43 58.919.39 ete. 1.31 | Commissions. Bry | Capital stock | Burplu: o1 s 1148,802.53 | U eesrtie ther 3 oond Securities Banking hou 88 RS e Total licbilities 3135.424.93 | = 230,096.82 B ter of business transacted during | toe 1928: Auto Liability, Auto Property Auto Collision. Gtner | Lispilits. d Collision Other Thern . Compensation. 311411 ;1401 '17 1% 3 ww 1 o 8! 9. C; d;nd 3 Ouul checks cash item, . Otfier assets & £S5 Qa0 ritten during the year 1928 254,846 45 | Losses sustained during the year 1928 78,676.64 " diiring the’ vear = e . 748,194 82 | Expended during (he year 1938 1. 103.803.42 TAYLOR, President. T. MARSEALL FORSYTH, $1,000,139.02 100, Character of b transacted during ,muw the year 1028: Anmmuhlle Cirbitity, Prope 5:430.70 | crly Damage and Cellisio F. ARTIN. vue President. 2,260.30 | WALLACE KELLY, Secretary | g Subscribed and sworn i before me this | 26th dayot February. 1s t. Secy. and Treas. (Beal.) BURNS. Bubgeribed arid n.19 before me this No(l!! Fublle 16"1 dl' of Y. .Cocs No. 880. Res. No. 9450, Commis- | * (Seal.) sion expires’ March 30, 1929, Sessasasesngechace S T Total liabilities 832832550 uu‘zmbNuE:—A—auunA—u - ruary. 1929, EXIAMT BATEVAN. A Notaty Public of New Jerses. 462,839 62 | 471841.33 | 60.000.01 EEPORTO%F CONDITION 1% American Security and Trust Company “ 148, Wfl bZ [ 1 Of Washington, in the District of Columbia, at the close of business on March 27, 1929, bovable ' aid oo In addition to mlk!nx brakes - and and friction plates for automobiles. | o, (ne 31st day of December, 1928, as - of depression in the railroad equipment | capitar stock 980.000.00 | demand for friction plates more than |o.e, ip pank. i “." 2. m“ Real estaie mo: g”m D eou llected and b As a result, after averaging $3.22 a I T e 10,552, ity of Washinsto ct of Columbia, 8. to below normal capacity. wheels, the company also makes cast- f A ings, forgeings, railroad track fixtures | Insurance Co. of Illinois| This last product has proved of par-|aquired under the District of Columbia ticular value during the last two years | amended June 30, 1902, and August 18, 1f n industry. In fact, the activity in the! cCapital stoc 350,000.00 | automobile business has increased the = | enough to offset dull conditions in | Re o other departments. i'n‘Zf.'x‘,”..:,':‘ bon. lmurket vnlue‘> 1m . Otter Mabiitie a Bt share in earnings for thcdput ;_leve‘:: lntrrr;:,hdue‘.ne aCer | Total years the company earned $3 er gssets 1928, close to Bhe highest point ever | Reinsurasce " due % | el 3 EZIA H‘Z"Tfiaé?fifil"{\.?L‘"-‘...'t"‘.”fi; "“fil"’d 1 "fim‘g"";’ "“}; 3’{‘;’;‘&1’:' lbm-l saterent b, ;me 10 the best of my elude only ends pal - knowledge an pany's share in undistributed ;;m):n 1,038,837.80 | 50" O ot April, 1 .vmm siad were included, earnings woul ave (Seal.) been closer to $4.29 a share. Net unpaid elatms cmm‘ itk Notary Publie. With the stock paying only $1.60 a | Beserve us reauired by law.. 3 E. Farrington, John C. Walker. share the divide e B | Susricr eate: oxense f::*.flm,m"::"‘» it gl vield at the preses 3 sl e v | Murphy. Director: is, however, only 2.9 per cent, although | Comimn siong, TR A M 5 in addition to the cash dividend the REPORT or LONDI‘HON has paid 2 per cent in stock o Suring the pask two years. *The present | ' Security Savings and Commercial Bank «| price of lhedst:»ck umfl:ihnnl{ n:er:w!‘o Charastis: of: himslnd varranted in case the stocl - | the year 1928 Casualty. b dend | Of Washington. in the District of Columbls. 15. Capital stock paid in. the close of business on March 27, 1924. |16. Surplus 3 ildend is continued or a larger cash | M*;;; Sustained during the AT o 8,544.08 17. Undivided profi dividend is paid. Money received ‘durin unsza s o American Steel Foundries. Expended’ during the vear 1038 334,380 | 1 peane and ,,.w,...}{f”; - ss5.158.230.90 | 18. Reserves for dividends, contingenc American Steel Foundries, whose pres- | -y, p 353 REMPER, F P'"ldem : Ove A s 2.07 | 19, Reserves for mumz tazes, and o ident, R. P. Lamont, recently resigned | gubscribed and sworn to before me this | * e 4 520, un| to become Secretary of Commerce, is | 31st da du of March, 1929 the largest concern making car wheels. 1t also makes many heavy castings used for various purposes, but concentrates REFORT OF CONDITION on wheels and specialties for railroad | cars. Its plants, like those of American Induslrlal QEVInga Bank | Brake Shoe, are well spread out over ov Wa: on, in the District of Columbia. B the country for the convenience of the Nl b P R 1 . T 1 & 4G o i Valvoline on 75 137 1081 railroads. 1 Commisgions Dividends due. $21,379,291.90 202265 3,751,803.34 7,279,756.72 1,654,319.78 88,892.08 5.114,300.46 217,617.20 363,171.82 . Loans and discounts.... . Overdrafts | United States Government securities owned . Other bonds, stocks, and securities owned. . . Banking houses, $1,399,372.55; furniture and fixtures, $254,947.23 . Real estate owned other than banking houses . . Cash and due from barnks . Outside checks and other cash items . Other assets ............. ceeerae Total .. 1Mass Gag 3las '46, .. 10: § Memphis' N G 68 743 100, My . 3 Milwaukee G d1us 67 961 Ty 3. 100 Nat Fub N"A“fl ‘ Total assets .. LIABILITIES. I Curtiss Acro Exp. 19 Curtiss Fiying Serv.. 2 Daniel Recves 5Dc For R W Havitities © ..$39,851,176.96 .837.50 | B hatimas equivalent 401811 %o thie | iiicid”durog | old shares. which were selling around $1140. The shares admitted today represent the amount offered publicly g under the recapitalization providing for e it a 20-for-1 split-up. 2’: l;;;r; P,'\;VILC'J‘C\n Bn 'm There quitc a good deal of in-| %] Ford Mot Ltd: H terest shown in_Durant Motors, which| 50 Fox. Fheaters A" £old up briskly in pool operations. Fluctuations in mining shares were devoid of feature and the group for the time being scemed to have lost its speculative - attraction. Newmont - was weak most of the time, but Noranda and Roan Antelope developed excep- tional firmnes $3.400,000.0n 3,400,000.00 490,479.35 160,21245 20545237 1,176,083.18 17.199,1 7: .12 % 3 3 13.461,426.38 443,197.23 L > PR 344,500.00 2g.370.0n | 24 it 13,867.30 57,635.26 | l‘usj.’; Cerreseseniieeians $39,851,176.96 1 Phila_Suburb 10 Potomac Ed 5 : her expenses accrued | | ot | _My _commission expires Januars 9. I | SETCE Bl 5vis i B9 o Lt & Ball G5 A ‘52 90 City of ‘Washington, District of Columblia, ss: | , CHARLES E. HOWE, treasurer of the above-named bank. do solemnly swear "that the above statement is true to the best of my knowledge and belief, CHARLES E. HOWE, Treasurer. Subscribed and sworn to before me thls 3rd day of April, 1929. (Seal.) WM. DORSEY, Notary Publie, D. C. My commission ex‘plrn July 18, 1932, Correct— Attest - - ed listlessly, with the nt Dlnng(s downward in only| moderate trading. Yestern Bplas A 5711312 113 American Steel Foundries has fluctuat- e B 5;~ o 42'4 | ed over a wider range Lhu:‘ Brake Shm iati during the past two years, due, perhaps, The buying of Sikorsky Aviation, o Anio % Nl Oue to the fact that its earnings fluctuated | which was a feature the day before, 1 Hart pary Dfd A’ s FOREIGN BONDS. more widely. During the past seven died down and heavy profit-taking re X TAgri M Ba s f sulted in a sharp reaction. There wi .'»l!umux Mrr;' AMER STEEL FDY | fled and cnshiers’ checks a report, in circulation that the company u ' I|| || " ¢60 50“—l outstanding o) has been approached by one or two of the larger manufacturers with a merger proposal on favorable terms. Among i R TR il | Digtrict of Colymbia. ss: i . Th lepo: | SAMUEL R" BAULSIR. cashier of the | AMER “iKE SHOE Il 50 Total lhuve»n-meu bank, do solemnly swear that | ' gl tull! WESTINGHOUSE RE! CES. Loans and discounts . Overdrafts ... 5 . Other bonds. ' atoc curities owned .. Banking __house. furniture and e ..$162.944.30 6 Granite City Stl. 149 30 5 Grigsby Gruno | 4Hall Printing " 278.143.00 36,081 21 78.871.21 ..$536,195.92 . Cash and due from banks . Total .. LIABILITIE: . Capital stock peid in BRI tvided ‘profits—net .. . 21 Dus to banks. including certi- B. F. SAUL. C. A. ASPINWALL, GILBERT GROSVENOR, GEO. W. BROWN, O PERCY McGLUE, . SHEA, 950.000.00 | 8043 . Demand deposiis 2,768,391 3. Time ndppom.x e i £ . Other liabllities . 3 Total . . BOSS, BENJAMIN WARDER THORON W. S. CORBY, J. PHILIP HERRMANN, . EVERETT, higher, while a fractional advance car- ried Servel into new high record ground HAYDEN IS ELECTED EXPRESS C0. OFFICIAL By the Associated Press. NEW YORK, April 5—The election of Charles Hayden of Hayden, Stone & Co., investment bankers, as chairman of | the board of the American Railway Ex- press Co., announced today, was inter- preted in Wall Street as definitely e tablishing the company as an invest- ment trust. dorrell (3 5 noNew, The election of Mr. Hayden to the | Bk 7 | Ww—With warrents. chairmancy comes upon the heels of | . e Ametichn Express ' Co. in - American WHEAT IS LOWER ON INITIAL DEALS Railway by the Adams Express Co., Reports of Beneficial Rains in| giving Adams complete control with a stock 1interest of about 75 per cent. Adams has operated as essentially an investment company since its express business was taken over by American Southwest Cause Bearish two years of depression in the railroad | 3 yUnited States Government secu 3| Tona, equipment industry Steel Foundry: 4 Other bonds, stocks and securities owned .. 318,835.20 i lacked the automobile equipment bus . Banking house, §800,000.00; furniture and fixtures, 865,170.14 ness of Brake Shoe to offset this dull- | 8 Reserve with Federai Reserve Bank 418:341.03 | 18. Reserves for dividends. ¢o ness, and its earnings dropped to $3.01 ' 9. Cash and due from banks 72740126 | 21, Due to banks, including certified and cashi 14,324.90 22 Demand dtposiu CARY T. GRAYBON JAMES M. " Directors. Reserve District No. 5. ulip ‘Gup ' iana Land oni Intl Ma 20 Marc Wire Lond B 3 Marion Stesm Sh n 4 Massey Herris . s Bottling 6 Memphis. Natl s’ 3 Mercantile St - the specialties Neisner Bros. was sharp] | "7 | the above statement is true to the Pest of | CORCORAN THOM, £, of, Col my knowledge and belief. DM A CBOWIE, Exinter of the above- | SAMUEL R. BAULSIR, | named Bank. @ solemnis xwear that the | ter. gbove statement it true to the best of my | Subsecribed and sworn to before me this rd_dav of ADril | knowledge and belief. | 3rdscay, LRt s i f40l REPORT OF CONDITION Merchants B;;fi? & Trust Co. Of Washington, in the District of Columbia, at the close of business on March 27, 1929. RESOURCES. WM. A. BOWIE. Cashier. 4 sudhner bed and seorn to’ before me this Notary Public. rd_day of Apr! Seal) CHARLES 8. CUNEY, Laurence Mills. A. 'Blundon, Notary Public. | Sidney W. Straus, T. Hendrick. - V. Bpalding, ‘Addison, Morris Simon, w. Correct—Attest: | nu’, sourl 8 Rans' Pm.x s 3 wiss Gov 8las 29, 2 | Il""' | 'llll- n ‘50 Correct—attests - o 1 Moha H 49 . dividend 0._'_ d i N Bors 66 w .\vmx'. issued. 40 1 it 1 o AR f NY . AIR BRAXE Directors. €. Sullivan, Directort Loans and discounts . ussu,s 72 Overdrafts ........ 2.850 41 Other bonds, stocks and securities owned . 1,109,257.32 Banking house, $140,000.00; furniture and fixtures, $50,000. 190.000.00 Real estate owned other than banking house 26,000.00 Cash and due from banks 1,211,393.92 Qutside checks and other cash items . n;é{::: Other assets ...... $11,322,008.78 Charter No. 2038. Reserve District No. 50 REPORT OF CONDITION 4"_1 lll' RO L i of the - R Second .National, Bank Of Washington, in the District of Columbia, at the close of business on March 27, 1929, Soansios Lu oo h 1927 1928 years it has averaged $4.20 a share, al- | Total . though yearly earnings fluctuated be- . Loans and discounts ...... !4 781, 387 :u i tween $2.98 and $7.63. During the last | 2" Overdrafts 041 sgn 93 FSoammnn 23 38 [ 3 0 2 2 3 3 1 5 9 1 4 1 1 4 1 1 1 5 13 8 4 4 5 4 43 0 Railway in 1918. The election of Mr. Hayden is under- stood to end a controversy between two groups which control the three express companies, the one headed by Mr. Hayden favoring the operation of American Railway Express as an in- vestment trust, and the other, headed S a S s . $1,000,000.00 250,000.00 56,178.53 11,688.83 340.085.07 5,676.324.95 o Cflpl(nl stock paid in . . Surplus . . Undivided p 7 Oliver F Eq pr pfd A I 15 Oliver F Eq conv part 5 Qutboard Mot A 4 Outboard Mot | By the Associated Press. by Eugene W. Leake, New York attor- ney, favoring the liquidation of the company and the division of the pro- ceeds among the stockholders. Mr. Hayden succeeds Mr. Leake as chair- man, but Mr. Leake retains the presi- dency, having previously held both positions. In addition, two members of Hayden, Stone & Co—Richard F. Hoyt and Steele Mitchell—were added to the | boards of directors of both Adams and | American Railway Express | CHICAGO LIVE STOCK MARKET' CHICAGO, April 5 () (U. S. Depart- ment of Agriculture).—Hogs—Receipts, 18,000 head; including 8,500 direct; mostiy 25 higher; light lights and pigs, 25a40 higher; top, 11.75 paid for occa- slonal load of around 200 pounds, large- ly 11.50a11.70 market desirable for 160~ 300 pounds. Butchers—Medium to choice 250-300 pounds, 1125a11.65; 200-250 pounds, 11.25a11.75; 160-200 pounds, 11.00a11.75; 130-160 pounds 10.00a11.60. chkmg sows, 10.10210.60. Pigs, medium to choice, 90-130 pounds, 9.00a11.00. Cattle—Receipts, 2,000 head; calves receipts, 1,000 head; genenlly steady trade on most killing classes; very little here; undertone rather healthy; best heavy steers, 14.00; yearlings, 13.50; light vealers, 75a1.00 at 14008 15:00; with shippers at 17.00; bulls Ecarce and strong to 15 higher. Slaughter classes, steers, good and choice, 1,300-1,500 pnunds 13.25214.75; 1,100~ l 300 pounds 13.25214.75; 950~ 1,100 pounds, 13.50a15.00; common and medium, 850 pounds up, 9.75a13.50, Fed yelrl!.n gs, good and choice, 750~ 950 pounds, 13.50a15.00. Heifers, good and choice, 850 pounds down, 12.50a14.25; common and me- dium, 9.00212.50. Cow: s, good and choice, & Co pf § Pitney so-u P 1 Proct v ¥ 1By RoId" etat ni id w 1Rich R cum pfe 34 2 Sieln Cosmet 21 Sterling Sec pfd 2 Stute 5 Thermoid_ pfd. 5 Thomps Prod ‘A. Unlon Can, 17Uni Alrcraft & 3 Uni Aircr & T pft 1Uni Carbon 1Uni Elec bond sl Aars o SAENEEBS53T R R CHICAGO, April 5—Owing to bene- ficial rains in parts of the Southwest, wheat prices here averaged lower early today. Liverpool wheat quotations, higher than looked for, were practically ignored as being due to transient over- sold market conditions there. Opening unchanged to }, off, Chicago Wheat ral- lied somewhat, but then underwent a general sag. Corn, oats and provisions also were easy, with corn starting at 14 decline to !4 advance and subsequently receding ali around. Kansas reports telling of heavy rains extending from Dodge City west to the Colorado line did much to tip ‘the wheat market balance at times today in favor of the selling side. Some Ne- braska points also noted rains, and there were reports of scattered showers in Canada. On the other hand, freak weather was reported prevailing over all Europe, with the season there cold and backward, and rain badly needed. Considerable notice also was taken today of advices that European import- ers were bidding for Unite Winter wheat, but that an advance in cash premiums had restricted sales. It was added owing to the fact that quan- titles of Argentine and Canadian wheat afloat unsold were smaller, Europe was likely to purchase more from North America to meet raqulremenu for prompt suppliea COTTON PRICES FIRM IN EARLY TRADING % | Market Subjected to Liquidation at Opening—Oables Are States hard | - in 1928. While the $3 dividend rise in the stock was due either to the issuance of rights (which have now ex- pired) to subscribe to new stock or to reporis of better current earnings, rather than to enthusiasm over the 1928 earnings report or the 4.5 per cent yield which the stock brings at 67. ‘Westinghouse Air Brake. Westinghouse Air Brake is one of the oldest companies manufacturing rail- road equipment, a ploneer in the fleld whose experiments helped build the present egcxmcy of our railroad sys- tem. It was originally interested .only in the manufacture of George Westing- | 31. Other liabilities house’s revolutionary invention, the air brake, but has gradually broadened into many other allied fields. One of its most important sources of revenue is through a subsidiary which manufac- tures railroad signals. Although the companies manufactur- ing air brakes have not been able to is secure! enough, it seems likely that the recent ! . Outside checks and other cash items . . . Redemption fund with United States Treasurer and due from United States Treasurer ... . 14. Other assets ............ . 13,750.00 20,849.15 Total ..... heereeesaressaieiiaiitattasattaresttattaranans LIABILITIES. . Capital stock paid in B 16. Surplus ...... . Undivided prom.s—n:l ceeee . Reserves for dividends, contingencies, ete. .. " Reserves for interest, taxes and other expenses accrued and unpaid . Circulating notes outstanding sonlaten . Due to banks, including certified and cashiers’ checks ou'.standme 250,640.28 . Demand deposits . 3,284,500.71 . Time deposits . 2,823,408.86 . Bill bl 150,000.00 er Habilities. 30.00 Total ..... ...$8,102,387.73 D!.stricl of Columbia, ss: I, W. W. MARLOW, cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and bener MARLOW, Cashier. Subscribed and sworn to before me this 3rd dny of Apnl 1929. (Seal.) ‘WM. S. TORBERT, Notary Public. Correct- A‘tlbesnt: In Nearby Virginia Commonwealth llnstment Co. 917 15th St. N.W. Phone M Continental Trust Co. 14th and H Streets C. J. BERGMANN, A. F. JOI P W. MACK!NZE. MMERVILLE, ‘W. MARLOW, W R WI'NSLOW. Directors. Charter No. 7446. Reserve District No. 5 REPORT OP CONDmON COMMERCIAL NATIONAL BANK Ot Washington, in the District of Columbia, at the close of business on March, 27, 1929. RESOURCES. 1. Loans and discounts { 3l Other labilities .... $8,102,387.78 | 3.507,946.01 300.000.00 89,185.39 ...$11,322,008.78 2 . Time deposi .. . Bills plynble and re Total ......cooenn Distriet of Columbia. ss: I, HARRY J. DONOGHUE, treasurer of th= above-named bank, do solemnl f swear that the above statement is true to the best of my knowledge and belie! HARRY DONOGHUE, Treasurer. Subscribed and sworn to before me this m day of April, 1929. (Seal.) CHARLES J. CRUMP, Notary Public. Oorrect—Mtub . LEWIS M. THAYER, ! NOBLE P. BARNES, F. P. HARMAN, Jr., HARRY E. ALLEN, FRANK E. GHISELLI, MARK F. FINLEY. E. GERSTENBERG, HARRY R. CARROLL, b PRAN’K O] HARA, J ERN'HT Mncl-gu.. Equitable Co-operative Building Ass'n| I JOHN JOY EDSON, President WALTER S. PRATT, Jr, Secretary Organized 1879 49th YEAR COMPLETED | Assets $5,513,051.63 Surplus & Profits......$1,601,704.98 t Subscription for the 96th Issue of Stock Being Received Think of the Puture By Saving Now dependence by in the Equitable. You'll find our plan ous help in accumulating Stop in and let us tell you 915 F St. NW. .30 2,604,159.14 | 2,556,479. 57 584.03 1,753,341.68 201,297.12 936,419.25 989,292.44 68,419.41 9.00a11. 00; common and medium, 7.75a 9.00; low cutter and cutter, 6.25a7.75. Bulls, good and choice (beef), 9.50a '10.50; cutter to medium, Vealers (milk fed), good and 13.76a17.00; medium, 12.00a13.707 el and common, 8.00a12.00. Stocker fnd Ieede‘:'“)sfieefi good and choice (all we vt .00; e o e, S estimne ) na early trading under further liquidation, Sheep—Receipts, 15,000 head; very X with local and commission house sell- dittle on sale; few sales ‘steady; choice SRl i fling. to be influenced by 776-pound shorn lambs, 16.55; a few) relatlt:e easy Liverpool cables and re- 'heavy wool skins, 16.75; sheep steady; light wethers, 11.00; feeding kgneai: znrg‘ o hm';ll: 's':gwdhte wuther ‘There jing Jambs steady ,mfievzhlgi-cd: 192 'l;.o % Tme &;nomne;’s m.;vler t‘;xe posibiuty nt unset con ns developing over medium, 15.75816.50; g e which caused wgverl.n 3 cull and common, 12.00a15.75; medium General co: quiet, and the m:rket held fairly n.eudy, 'to choice, 92-100 - pounds, 15.5017.50. |Ewes, medium to choice, 150 pounds m.t within & point or two of the lowest lt the end of the first half hour. down, 9.00a11.50; cull and common, Prlvnte cables reported Continental '#.2585.25. Feeder lambs, good and rhoice, 15.00a16.75. by ncwn in &- ta'erml mrm,?fl id the Spinners' Association 8. ountlnuntlon of Egyptian section Easy. Capi 000,000, ed té itel, §1,009,000.08 ds, stocks and securities owned . 5. OuMmm’ li.bmty on account of acceptances 6. Banking house, $1,681,946.91; 1\Irnltlu'z and fixtures, 0’"., 7. Real estate owned other than bnnkl.ng house 8. Reserve with Federal Reserve 9. Cash and due from banks ... 10. Outside checks and other cach items 11. Redemption fund with U. 8. Treasurer and due from U. 8. AUSTer ...... 13. Securities borrowed 14. Other assets ....... ‘Total By the Associated Press. NEW YORK, April 5.—Cotton opened steady today at a decline of 5 points to an:advance of 1 point and showed net losses of about 6 to 8 points in the Checking Accounts Savings Accounts Acceptance Credits ' Time Deposits Foreign Exchanges Commercial Credits Travelers’ Credits Travelers’ Checques Collections Real Estate Loans Collateral Loans Red ‘WArrior ., °¥mm Teiapé 00 !mutmh! Securities 22 Time deposte ... i 'g‘ M “Trusts ; : 26. Bills payable and rediscounts I:::’ Arsin 15V aA031 socmin: 3. & : la&'flul Trusts 0 ol sevia o Yai Y28 B 4 . Begs 28 higher; mfieipu'ssw o Bhnver 3nnod Director. 37134.67 el "R ek T BAUTIMORE, April 5 (Special) - |§ Admini s Ry ed extras, 28%,a29. ; & O IE:. , District of Golumbia, 5. 5 B virs TR H. xmuwm-umm,amfimmcml 5 $1,000,000.00 15 Capital stock paid in . pl 400,000.00 l'l. Undivided” pmflm——net - 316,561.00 8. Reserves for dividends, contingencies, e 71,106.55 9. Reserves for interest, taxes and othzr e;pensa mmcd and un- paid . .t . IM 257.23 20. clrcul-flnl notes outstands 00 000,000. 21. Due to hnh, including cemfied lrdmhm checks mlmndm zm,u 2! 22 Denun ts . Gm:g REAL ESTATE We invite applications for loans on improved property in the City of Washington on- mncht three- year or’ monthly payment \u 8. Low lnicreu Rates L R S e CHICAGO DAIRY MARKET. |, CHICAGO, April 5 (P).—Butter lower; ._;25 ‘ '5'3':'5""' "‘“m,.”afi‘“b'm'fi!'“&'. ; %] hasil o ; ahov Satesnent 1 ot 5h Che hest of my EAOVIEHRE ¥ fl a TS, 1 W : Xoosters 23, turkeys, 30; ducks, 24a oo L6t the teceny e uue Mmmumumwm (Beal.) . o L. A SLA ey “}t’éurnum ’.%1.111&!.:&: JAMES 15th and Penna. Ave. N.W. FIVE, K CONVENIENT OFFICES