Evening Star Newspaper, October 12, 1929, Page 13

5 FINANCIAL. THE . DANKCLEARNGS [ e e | PONPKNSUPRLES e 25 2572 N LARGEREEPT = Other Vegetables and Fruits ::“ 1 IND. G. DECREASE ez {Total for Week Shows Sllght Drop From Previous Figures. BY EDWARD C. STONE. Rank clearings in Washington fell oft for the week ending October 10, botp: in comiparison with the canceled check | total Ior the previous week and for the ‘correspon: week & year ago. for the week ended October 10 ‘amounted -to $30,760,000, compared with $34,296,000 dul’lnl the week end- ipg Qctober 3. The decline over the same week last year was 4.9 per cent. Baltimore also reported a falling off ll. clufl'nn. the week's figures being ,000, against $118, oum in the mu week and a decline of about 3 per cent from last year. Richmond showed & yery slight gain over the pre- vidus week andeaimost exactly the same Tes 85.& year ago. ey Nation as a whole reported a p in clearings for the week over the pieceding week, bub » gain over the | same period last year, the increase over 1ast year being 24 per cent. Fewer Fallures in South. ‘The substantially lower business mor- hmy for' the South Atlantic section the mn- ‘moriths recently ended is in the 459 commercial failures having liabilities of $7,869,560, com- ‘with 538 during the third quar- iof 1928, involving $10,759,192. Thus ts in the puuoinnmr, says Dun's, red & numerk reduction of 79 a contraction in the indebtedness “about $2,900,000, and decreases large- redominated in individual State only increases in number of cles ‘were in the District of Co- l EEETTR 28 .-r:::m:.:EE z i i company. Seaboard Air Line Rallway is to offer rights to additional common at 12, two new shares to every ore com- or prefeyred held, subject to 1..C. C. approval. Third Decrease Since June 5. to records kept in local the decrease of $91,000,~ loans as by mmber b‘nh was only weekly decrease since June 5. ,dureun of us.oooooo on May B3 the Associated Press. ‘The Oil, Paint and Drug Reporter says .that the average price of ‘::orudk petroleum in 10 producing flelds was unchanged Iast week from the previous 'oak. at $1.652 a barrel. The average same period last year was ll 5” Gllollne lt the refineries was t 7.625 cents a gal- lop, -t four pfintln-l refineries. Serv- ice station prices at 10 leading markets “erued 1942 cents a galion, un- m United States Rubber Co. will dheonunuz opemtlons at its Boston bber ~Shoe plant, at Malden, )nu and tnnuer the business to | ne other of its New England factories. The move is being made to achieve greater efiiciency through concentrating shoe manufacturing in few plants. Business failures in the United States this week totaled 368, a reduction of 28 from the number rted a week end l:)mrdnlwme de lulh of !WO&'ICC muru for the comlpondm week last year numbered 3! New bond offerings this week totaled 8196327000, compared with, $50.623.- last. week and $47,411,000 a year By the Assoctated Press. A new course for American business— eficlency in the distribution of m charted by & ol the Federal Govern- mnt. the m-tlc commerce division Denmt of Commerce. as & “new dawn” for the Nation's b\lllnen, the new methods of distribution cost and control which are :’em; advocated by Lhchmvzrnmm are considered by economists lnfllhldfi‘nllofhlflnflflmolfiu e Grocperous condition, and_ elicleney ent prosperous of American industry. uarter of & cenmry ago the objecllve of this coun- try's industry was volume of production and this led to the gigantic industrial i mechanism, known as “mass produc- tion.” But the post-World War period brought about an economic change and with it was the need for co-ordination and balance of business activities for the elimination of the superfiuous. To bring about the desired’ eo-ordl- nation Herbert Hoover, while head of the Commerce nt, formulated a program for the domestic commerce dmmn to attack the problem of dis- tribution because it was belleved that branch of business had the test need of efficlency. The division launched its work to serve American in its quest for a solution of the distribution problem through two channels—one, economic surveys of each region of the country and second, analysis of the costs of distribution, methods of com.rolllng ;h::’n and elimination of wastes in this e At prelent Lhree of the nine regional areas of the tz—lhc Qnuth'“l. New England ‘nd west—have been surveyed by t-b‘ dm- tral Mhnuc States and the Rocky Mountain section. Dunn sald that economic statistics and analyses ot um wer lnd desires of the lnhlbl- g E;E i 5 Esgf 4] h :% i g e welt'and Jengitiens. the well and petroleum it, accor s dm t, rding The Unl&ed States is pre. the chief smne:r n;t oil in of survey point but hthh nation is e v“.l paid " the ruel bumed fi'&?:'c‘ufr;"u'“"f"f& o Secording se of fuel of to the bureau's experts. The slot machine, so familiar to Amer- icans, may be the cause of to them in the future. According to the officlals of the specialties division of the Commerce Department, the coin- operated machine is being received with great mnhrlty in all sections of the globe American firms making them have recorded a 60 per cent increase in the value of such machines exported to other countries during the second ter of this year over the first ti months. uar- ce The South American business man {Iwmtly is fast adop! the ways of bunnu- comrades the United Imports of office ipment and kypewrilcn made in the United States, to Chile were repurud by the Commerce partment to have recorded huge gains during this year. Last Al supplied Chile with typewriters valued -cz.oooooopem and the rest of the world's imported typing machines were valued at only 250,000 pesos. First Mortgage Loans Lowest Rates of Interest and Commission l fhomas J. Fisher & Company, Inc. HRST TRUST NOTES Thu. E. I-mll Co. Realters 721 10th Street NW. National 0765 ln N ru Prudential 51/2% lnwung: Co. REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD B 1520 K St. N.W. . Are Plentiful at D. C. Market. Thou-ndl of bunches of Autumn ves, banked g:‘u.l sides l?ona retail mrkztphcu display of immense m.uu of pumpkins yhy wh?‘{ude Te- tallers the ndvlu ity of giving some mnu(ht to the question of trade dunn o the Halloween and Thanksgiving hol seasons. mny of the branches of leaves being hmumwmmn.nulhud are from | eng trees in the rural gections of %nfiuh, mm: ’ roh::ln!‘l’l.yndf o much damage bef dnm the attractive flowering trees. e more than I can understand. There momgrmu.wmemnwbomc down to make way for improvements and others which bear no flowers, that might be readily used for decorative purposes. Greater Supplies Expected. “Why noz use these other trees?” he asked. “If pe. years—much greater thnn the quantity grown and sold here season. 'l.ln season the big fleld P\mpuns such as used in Halloween celebratio: were scarce and high,” commented a dealer, “some of the show pumpkins llln; as hl‘h as l ise to be so ‘This -seasol Pplentiful thnt 75 ceni wul be a big he added, “except in a. pflu for them,” instances’ of exoeptionally large play v 0] bein‘ only about .b’: of the bable ‘will prevall have n re- the turkey-ra sections or n‘:fiy Mary- ia. ing definite about the robably will be received until dle of next month,” commented & dealer. “Weather conditions, ns, Wuwr ‘with the tion of luyply demand,” Im. the governing fac- th poultry and selling at much " Fruit Displays. vnnnd attractive dfiln:lm u::u: nfl‘e’t‘}u it tmnh:o every of e'r. bef latest addi "”IE‘ ing the x&hnldbydu.lznmtmmnnxy ’fl,m are familiar with the "Psplmnrewrvodinmmlwm" said a dealer, “one as filler for - being ‘The papaya n-embhl 8 small water- melon. It is said by dealers to contain many seeds that a flavor en- jirely different from the flavor of the meat of the fruit. box, and receipts few days sold around $3 a box. W Retailers in evidence about the mar- mu:hmem.l:f experhnudnndlfl REPORT g,"?.onmox Chevy Chase Savings Bank Of Washington, in t S e o' pistncss o t of Columl tober 4, 11,012.19 222,081.2¢ L 14102828 . cash and due 1 a 1423 | : Gah, and due trom baniks 184423.90 m; -$1,234,398.11 intere ‘:2 other ther expenses ‘accrued 21, Due lo i tul‘fl Ko ”rlbh a Total uhln e 22 2 0. |m T SR { of Ogtober, l& e ,llot(l’ ‘Publi e xary Fublic. g Directors. REPORT arlfipnmox United States Savings Bank Washington, in the tri 0( m:'el::‘- of b::‘iu-mo‘n la:‘g{"gul?mlh RESOURCES. and discounts Soerd e 3 I‘.'nlufl" Seates o Goveriiient sauy 1,081.19 500,672.05 hdivided. profits-—re Fves for dividen o5, etc. EVENING STAR, WASHINGTON, Poultry, alive— eys, hens, toms, 33; Spring chickens, , 27821 broilers, 30; Leghorns, 20; fowls, Leghorns, fowls, 22a23; roosters, ducks, 15a20; keats, 001'10 olfl. IIMO Dressed—Turke; ;8 ts—Beef, 20a23 lnnb 26a27; loins, 32; fresh hams, 26838; mmmmam 20a23; smoked hams, 26a28; smoked -haumm, 18a20; bacon, 28; lard, in bulk, in pack- 15. .me tock—Calves, 15; ll.mb!. 1214813, rmlty weather the put 'w days sulted increased activity -t Muniel- pal nsh Market. It en:hled dealers to display supplies of fish to & much better advantage and had the effect of largely increasing demands for oysters. 'On'.te:.h U] e tne recelpu are heavier t-hl;xlx”to early ew seasons and quality dlp:h..t can be desired.” P Pish from Boston shippers were s pununn the past few days, but re- ceipts from other &l:ou were heavy enough to offset t _shortage and make it possme to supply all demands f ich were by no means pro- hibitive, Increased demands for meats the past few days did not result in any mate- change in prices. Prices, dealers y, have not beeome any of some meats will l.n many consumers ferring the country meat to um packing houses. “But,” he added, “T lu&pou the dif- ference between the meats amounts to practically nothing.” Fairly liberal lu%glls of have been received potatoes te: days, Consult Us First ou need money for r finl Estate financing et us have your application today. Prompt Service No Appraisal Fee The Commercial National Company rale v 000,008 Commert SR ot Real Estate Loans Applications invited at lowest rates and commission —economs- ical consideration for borrowers. Both large and small loans mnegotiated— prompt replies. Moore &Hill, Inc. (Since 1900) 730 17th Street N.W. Property Owners Is Your Property Rented? The apartments, houses and stores that we control are prac- tically 100% rented. We are roud of this record and would e to Tepresent you. Call Property Management Dept. Wm. S. Phillips and Co. Realtors, 1501 K St. N.W. CompLETE FINANCING Ist & 2nd TRUST MONEY On homes, apartment buildings end business properties. No appraisal fee. Prompt service. Real Estate Mortgage & Guaranty Corp. 24 Jackson Place Natl. 1403 Nat'l 4600 More than a third of —how we will save you both money and werry if you will appoint us man- agers of your apartment house properties. The owner is always at a dis- advantage in solving the ", Oashier. Lnd Pvon 1o Before ...‘ many problems arising. B. F. SAUL CO. Nat’l 2100 925 15th St. N.-W. DEPARmEN"'i‘AL BANK xnhlnttwn in the District fl( Ool\llbll. e close of business on T 4, 1 RESOURCES. 1 Loans and ‘discounts ies tsnet. Tves 10 Interest, ther expenses accru $1,486,751.72 " e to the ‘m ot 0” .‘}' Gnlhm. worn, Rotars Hh u:'r'a' a-{ "ef Oftover gso. & 21580878 | Grareer w5 o 00 o7 Federal-American National Bank Of Washington, D. O, at the Closs Fon Ociover 4t o above statement +108.040.0 | Enowledes ‘and )a.% 24 3,000.00 oerrm—Amn. 9,800.71 C108, President of the above- swear that the fioave o “n;u bl’-" t'nc "o The best ot 3 ICIOS, President. Subs lomhd:'y‘b:? 535»:""‘ ”'m Mou me this PEARLE P, )ug. 305" Bommit “m“_‘m:n Exires OUober 1, g. o AV . 'A. RICH, 1,584,174.37 648,918.00 tors. g OTTIoN e Washington Mechanics Savings Bank D BPERAS T Ce. 9241412718 87.68 mumm ownaau""""“'“ 4. other bonds. 'stacks elll"-‘.l ’O‘:HM 10,102.3¢ 61,045.27 Vn&vldn rofits—ne 87.641.00 b P . Banki; fves for interest expense 162,826.08 ch.ckl nllnlnnllnl n Total. l': lDli'lI" stock f B Total... et of Colu resident o! n. nbu:h g:’v.-:aum?t 1-”;'“‘(« he best ot my ibed and sworn to Tetore e "ths l“z?:{ of Onobfl " . Correct—Attest: S L5 Charter No. 7446, ‘Tots wummgn‘,' l.llll'dmlfl 18 | knowledge and hm lllh ‘gel' "f Sa Disti do, s ihe best of my to befors me th REPORT OF CONDITION ooyt Commercial National Bank ©Of Washington, mmnhweo(commw at the close of business on October 4, 1 RESOURCES. $9,378,623.36 3,152.31 ds, stocks, securities owned. 3 house, $1,681, na 91; furniture and fixtures, . Real estate owned other than banki king house. . . Reserve with Federal Reserve Bank. . Cash and due from banks. . OQutside checks and other cash items. . . Mmr:n fund with U. 8. Treasurer and due from U, 'II 785,71 FINANCIAL. H nnom-orowmrnm American Secnnty & Trust Compun} !MMN unuu !0“2" 3,706.96 1, zu,;al .1 277,272 24,500.00 15,674.19 m,‘fim I, treasurer of the above-named bank, dnn\eunv swear that the above statement is true to the best of and belief. mnm-unmwb«mmmnm . GREEN, nnuuml 'WARDER THORON, Y K. BOSS, .uum F. SHEA, M G. GIBBS, CLARENCE F. NORMENT, Charter No, 9845, Reserve District No. 5. REPORT OF CONDITION e District National Bank ©Of Washington, in the District of Columbia, at the close of business on October 4, 1929, 13180838 |1 bank, donhuu swead” H. L. m. mmmummmummdm:m et (Beal.) BENJAMIN ROBINSBON, Notary Publie, - um o. J. A" uLoo;nn.n. FOGENE 6. GOTr Charter No. 4247. Reserve District No. 8. ~ REPORT OF CONDITION Lincoln National Bank PO® NN - R it dtcam § $20,102,142.51 20, . Reserves for dividends, wnfln‘enc les, etc . Reserves lnr interest, tax 947,200.00 232906233 seeesiseness..$20,102,142.81 1 . H. COX, cashier of the above-named bank, emnly swear the above mummt is true to the best x: mymknawledn - .ob,fl.lll oo H COX, Cashier, Subscribed and sworn to bef s fore me this umd.nyo(Octobo Charter No. 5046. Reserve District No. REPORT OF CONDITION RIGGS NATIONAL BANK Of Washington, in the District of Columbia, at the close of business on October 4, 1929, 10. Outside checks and other cash items . 1. Redemption t\lnd with U. 8. Treasurer and due from U. l. . Circulating notes outstanding 983,450.00 . Due to banks, mcludinl certified and cashiers’ checks mlullndhl' .Jl'! 493.88 . Demand 56,099.26 OOIIIEND.O“V of Wi GEORGE O. VASS, ve-named bank, do solemnly swear meummmwmmum and belief. $1,500,000,000 We -qut offer an; Te- ward for the return this vast sum r{ money to its former owners. oss which that same day in the so-called unlisted securiti vast ocean of stocks, which attract so many hard- Available in Denominations of $100.00 to $10,000 SWARTZELL, Ryreem & HEnSEY Co. MORTGAGE BANKERS 27 15 STREET N.W. / WASHINGTON D.C.