Evening Star Newspaper, March 11, 1930, Page 12

THE .EVENING STAR, WASHINGTON, D. C, TUESDAY, MARCH 11 FINANCIAT wod 3,950,303 pounds of The same Type, S ————" sasociates. the Street uaderstands, con-| and Lynchburg with 2276112 pounds, COAL PRODUCTION. g"' ey o."r:* Iargest blocks of Youngs- PRIEES led the fire-cured markets. By the Assoclated Press. Real Estate Loans Made || “tetich Fore™ & Cam '%fieu,'im"...“‘" ':d::?'!?dw: gt kets in price paid with an average of | Bituminous coal production in the Co. that they will accept any terms he will $17.84¢ per hundred pounds, while | Nation, for the latest week estimated STATEMENT OF THE CONDITION OP recommend. Mr. Campbell for somc Drakes Braneh paid an erage of . o time has intended to retire. .I- |N[}E ]%5 $21.69 e:di?;‘;"dt‘:g fos fire-cured to- :gflf}.‘fi Pfl':e:snx‘;ffi;'f;;'m comparable The Fldellly and bacco, ets for 4 type.’ The quality of tobacco sold in | Meek ending March i, BI00.0W tONS. | grprpypyr o THE coNDITION Casualty Co. of N. oi-gmotnd o wlodll WAR FINANCE CONCERN January, 1930, was better than in Jan- | Ereceding weel SOI508 JeR oF THE On the 3ist day of December. 1 FINANCIAL. . JROWTH . uary, 1929. The Burley market at . auired under the District of Colum| ""“‘"’.:M"'l?f o on o Th; " ENDS WITHOUT LOSS L Abingdon closed early in February and — —— | U.S.Branch—Scottish | Zmended June 30, 1903, "and Ausust fihdi"a2a tuoas "o orsanisstions. (|| Many Mergers in Recent s, w. acociatea press Reserve Bank Reports Large same fnecures arkets’ nave ‘clored, | s | - Unium & Natl. Iisurance [Camiat slodki stid 5. & Sold in Lots—$100.00 Up The War Finance Corporation, after ? in Fifth Di about March 1 Company | cash 1n oftee. .. ASSETE. Call or Write Years Have Strengthened gperating nearly 12 years, is closing its Transactions in Fi Is- 26/north Carolina suction markets sold STATEMENT, OF CONDITION SRR SAND gasn in bank ,708,007 pounds of tobacco for grow- . 2 3 3 | te . Standard Collateral Indust Organized by the Government to aid trict in January. ers in January, at an average price of | American Union Insurance On the 3iat day of Decemper, 1020 ag re- | Hial Sinie Shares Corporation naustry. essential industries during, and after $16.80 per hundred pounds, compared Company of New York, N. Y., | Sninted"fine 30, 1003 and Ausust 18, 1511, | Stocks “and Woodward Building. Met. 8788, the war, the corporation operated on a | - with 27,798,339 pounds sold for &N AVET- | on the 31st day of December, 1920. as re |, valte $200.000 00 | Premiums * uncoilected * and capital ‘stock of $500,000,000 with no age price of $16.30 per hundred in Jan-'| auired under the District of Colum Capital stock 200,000 00 | Premiyms, uneols "Eodle, e A Special Dispatch to The Star. loss, despite making loans that totaled | Special Dispatch to The Star. uary, 1929. Total sales this season, to | amended June 30, 1902, and August 18, 1911. | Capital stock paid’up. in cash. NEW YORK, March 11.—The Beth- | D¢arly, $400,000,000. RICHMOND, March 11.—The Federal | February 1, amounted to 473.047.438 | capital stock .... oo 330000000 = During the post-war period alone, A pounds, compared with 475,123.360 | Capital stock, paid up, 0 | Cash in office. $500.00 STATEMENT oov-' "l’h)il CONDITION | lehem Steel Corporation - Youngstown ;};;l §§§°55§"°f’ b‘:}‘l’ Im-del 10.;,5"01 Res‘e,l;ve’ Blumk ornmmmm;(dts”zid o pounds sold pnm.lm February 1, égz‘g. A ‘g::)l: ;x\lu:)':nk. :fi(x’;z; 09 | Total assets 3 Co. consolidation, details | ,659, or agricultural an ve “Virginia auction markets st .\~ | Winston-Salem sold 7,666,598 pounds in | cash in bank . . 3$80.864.28 | Real of ‘(fist liend 770.730.00 | AT1ES. John Hancock Mutual ||| Shet & Tube 0. tod to be announced | stock purposes. Of this amount more | 822,463 pounds of producers’ tobacco in | january, 1930, leading all markets, while | Kea] 'stute” i | B ooks i oS earhet valug) 6.504.134.90 | Net unpaid clafoCTLITIES. | 01000810098 . 2 after a meeting of the directors of both | than $170,000,000 went to 4,317 bank- | January at an average price of $17.97 | Henderson with sales of 3.177,644 pounds sn'n::fi; e e Caaeia 313,350 00 p,}:m“dm“l ,mm{,,,,m and in s 408 54 | BECeTVE. as eauired “,,“‘“{“, Life Insurance ! companies tomorrow, will create a cor- | ing institutions in 37 States. per 100 pounds. Season sales to Feb- |and Oxford with 2772222 pound tocks *'and’ s (mATKEE | o 310,00 | g ANdE OF wgeRla oo 9840834 | Relnqurance: premiums . .o.ti0 1012.27 Go | poration with assets of $900,000.000 by | sec{";lrgm%em;n l;:omt.sl :‘)utlth-t lt-l} ruar,‘( 1 tlolms% 112,549.220 emmgs,c:g- | ranked” second and 1¢§mm'b el PY;:!R:’I:M( uncollected and i o oeees | Reserve for reinsurance on paid 1180013 | o Cnttions: broKer ggfl;”# n | e second and third | excep X of the original capital | proximately per cent of - | In average price paid, Mebane led la: of ag odsrewsiass - 19500018 onses ... A i | Commissions, brokera 1724, PRy | ,':’:ge;tn::;fi f,:“;':n this country. | has been retired at par and, in addi- | mated sales for the season. In January, | month with $20.62 per hundred poun: e e 314438 | Deportt with Uniderwriters” Asso- 00 00 | Ct2h dividends’ remaluing ua- of Boston, Mass. | “Fhe new steel glant, which follows | tion, $64.352.768 has been tirned into | 1929. sales of 24348739 pounds of t- | Roxboro coming second with $10.67." | ditliont 1.650.00 A e | el siaek ©On the 31st day of December. 1929, as ||| or: the heels of the announced expan- | the Treasury as earnings. e | e e S o whilch wis B37 per e Paid Tosses 226.73 UL I v for. oarkat Buctasbica required under the District of Colum- || sjon policy of Bethlehem, which in turn nnot be construed as profits, | 98 176,637 pounds, o LIABILITIES, of Securities .- 500.000.00 | Bia Code ‘smended June 30. 1902, and ||| SO0 Foiowed by a similar _move by | it I8 pointed out, because of the cost of | cent of the year's total sales. Flue|§1(0000,000 GOLD BONDS Total assets 5.864.74 | Net unpaid claims.... .. . 347454800 | ALl other liabiiities 34.431.33 St SR | United States Steel and by the mérger | Money to the Treasury, which provided | cured tobacco sold in January totaled y AR Beserve as reauired b7 iaw.i 0 403301700 R ety B ASSETS. of a number of companies into the new | all capital. 16,306,242 pounds, at an average price OFFERED BY SYNDICATE | net unpaid ciatme soooo.v.... $32.040.00 | SG ; . 21,0000 | Cliavaster of haatnsss’ trarisgcced. dirine Cash in office . $7.268.81 | — of $16.46 per 100, compared with 11, | Reserve as required by law ..... 482.66291 | Commission: 30.000.00 | the year 1929: Accident, health, liability. Gash in bank faiinise ||| Republic Iron & Bleel Corparation, wil o 971795 pounds of this type sold in| A group headed by E. H, Rollins & | Saiaries,” rents, expenses (sxes Beposit capital r- 5 200.000.00 | Siears oller By wheeh burslary. plate giate: Rie e IASEIAT |11 be cutranked by United Etates Stesl, ainey, 1939, verage of $15.36 : i ey : Reserve for rate lifization. " 60,000.00 | workmen's collective. Real “eetate % Jee 11015210 ||| Which has assets of $2,600,000,000. The SANITARY BARNS REDUCE | anuary. 1929. at an average of $1536 | Sons, and including Halsey, Stuart & | cominisions. brokeérace, e Eetimnted. expenses of investiga- Totser "sustained = during the Staky and Donds (Am0rs new Republic Iron & Steel Co. has as- per 100. Fire-cured tobacco es 0o, no: G. E. Bamvett & Co, Inc.: |Sesiisl sock | oiop i tion and ‘adjustment of fosses. __ 2044800 | Cear 1908 Ll $13.543,040.17 ized) oo ..o 161.170.857.07 l| sets of $360,000,000. CONTAMINATION IN MILK ! January were unusually Hemphill, Noyes & Co. and Albert E.|Estimated expenses of invesiiga Total liabillties 5,939,013.00 | _ 4 27.981.540.87 Juils recelvable ..o 11,718.38 R It ubpb o 8,338,601 pounds, mml’”'l“‘;’z;‘“h 7730~ | Perce & Co.. Inc., has purchased an | tlon and adjustment of losses. 142000 | Charncter of Dstiess” trasactod. GUFing Expended during-the year 939 ikt et 172 ks B p— A N 1 e | W EOUNE i JARUBY, 1020 o cypea | e of $IGGO0005 of'§ Der cont ot | st s Tgmen | P I B o, SSlapabll | MR sl of G ronit bt of agents (net) 12,921,841 00 Bethlehem Steel, which for years has | G , N. Y, March 11.—The| The average price paic he | vertible gold debentures, series due | Character of businiéss transacted during | motion. explosion ARG earthaunke Vice President-Secretary. R e 12,308.873 81 ranked as the second largest steel pro. | possibility ‘of contamination of milk | tobacco last month ‘was $18.13, the | JEE0PI€ o 8Ok orican Gorsmonwealths | e, ear, 1936: Pirer Tornado: Automabile: | 2ovR CIPIAOR And carthauke. L. A. NICHOLAS, | Al ofher asséis 3337885484 ||| ducer in this country, late Iast year an- | from the air in a barn is afirmed in | highest January price since 1925 COM- | power Corporation. Proceeds from the | S\l Shmmotion and' Explosion- " o | o ing the year 1938.0(. ©17"41,219.260.164.00 | * gubscribed snd. swovn 13- before me this | 5 nounced the acquisition of the Pacific tests here. pared with $1240 in January - | proposed financing will be used to re- | Amount of risk assumed during Losses Sustained during ‘the e Total assets .......$542 Coast Steel Co. and the Southern Cali- | They are reported to the Society of | Sales of Burley tobacco, all at Abmg; | Tire $3.436.500 of convertible gold de- | the vear 1929 S0 L Bavn1na.ee0.00 |\ vear 1925 o 193860933 | FiTggRl] WALTER SICHEL. LIABILITIES. ||| fornia Iron & Steel Co. | American Bncterlg}oguts by P. Arne|don, totaled f,{&?,%».pfggnmr 1;1;0\ bentures, & per cent, series due May 1, | %tes ‘;;‘xuu‘)ed. .durlnx. .the iR ey e £ Lo 5,001,626.9 __ Notary Publiec. || Net unpatd claims ... "'$3.204.12362 | United States Steel previously had | Hansen of the New York State Agricul- | month, and averaged $24.76 pel 1949, to retire the bank indebtedness | Money received ~ dufini Expended. during ¥ Reserve required by H | tural Experiment Station, pounds, sales of this type being the £ | “vear 102¢ e 453.01036 | 1929 ....... 3 4,394.628.44 E. K. Le, Jl' | ¥ e,y ASnsiaasto0 || been dickering for the Columbla Stecl | My yoqfiig "milk for certain bacteria | fargest for any month on record. Sun- | Of the company and for other corporate | p332ised quriys the yéar-isd 3 J.'H. VRESLAND. g ]l Salartes.”" " rent ex- Corporation properties on the Pacific! In th "ez [oSERn ‘f o | Inrg les on the Richmond market | PUrposes VREELAND, President. * “'u. 8. Manager. Resident Manager | “penses, taxes. etc. 221161696 ||| Goast. The option on this company was | he found the smallest number of mi- | cured sales i WM. HILLS. Stcretary e o e b Commissions. brokerage, nute organisms in milk at the cleanest | totaled 1,686,098 pounds last month, Sudicribed ‘and sworn to before me this sworn_to before me Member of the Insurance Clu e s eI || e Tr e Corpanaiice s 4 the average price received by grow- | Eggs from South Africa have a big | 10th day of February. 1930, 15th day of Pebruary. 1930. E Weshiogt fl 40, ormes yiniifies T 8643843880 [} announced a three-year expansion pro- | PATRS. B A s 51363 'per hundred pounds. | sale in England because of their coms | (Seal) WALTER F. ELMER. (Beal) WALTER F. ELMER, o T | Unassiened funds (sur- .o . 0130 ||| gram_involving $300,000.000 and ac- - b 50 o Pie. | peitive Sremres: s Ty ateive about ‘Notary Public. ‘Notary Publie. 307.12 Wilkins Building I | Guired the Atlas Portland Cement Co.| MERGER PLAN CONSIDERED. bacco last month, South Boston ' six weeks after collection | Total labilities ...3542.140.97793 ||| through an exchange of shares. cured tobacco las g s ction. | Character of business transacted dur- ||| Meanwhile another steel giant was in L thM“BChl\“ ‘3"““‘,‘“— 925 Lifs Tnsurance. ||| formation. Republic Iron & Steel suc- | Stockholders of the Berliner-Joyce Air- ; e e | cessfully completed negotiations with | craft Corporation are conflldeflr;g an i : 750.026.211.00 ||| the following companies: Union Drawn | offer made by the Douglas Aircraft Co., BBt LIGHT DU Lot sustained during ||| Steel, Bourne-Fuller Co., Central Alloy | Inc., of California, to acquire the prop- the vear 1 0% anasnssest ||| SHee o ion and Donmer Steel Go, | ertiés of the local company through an he v 144.742.160.56 ||| When these companies were safe under | exchange of stock. Expended during the .o o\ 03068 Republic’s wing it started negotiations “1"1 %:mé :}nfl:gfig:z (‘:h: * GROCKER, Presiden with Youngstown Sheet & Tube Co. | specia Tl gt = e Srse” Corpeeation ot ot ar i Money _received during ear 1920 ... Y2 Yo Rrox 1 A T 2 pasRor be e Republic's Plans. March 21, "It is understood that hold- SUPER-POWER . 5 sy of Janusry, f large blocks of the stock of the (Seal.) SAMUEL DAVIS. Republic Iron & Steel not only plans | ers of larg . RE A TRU‘}K 4 ’ Notary Public. fablish its headquarters in Youngs. | local company already have agreed to OF ALUES (s commission expires et 25.1930) ||| t0wn “But it is vireually certain that | accept the offer of the Douglas com- THE 1930 «YARDSTICK e 7 A. W. Defenderfer | shareholders in both Republic and | pany. " ' o R FEern AGENT. | Youngstown companies will attempt i3 —_— ————— ‘b!ock the merger of Youngstown with | Ventura Gas Output. Cut. Washington, D. .C. Bethlehem. Why the negotiations be: Welabanes: At ”"‘i‘“‘ 1022 ||| een Republic and Youngstown were | VENTURA, Calif, March 11 (#).—A E. J. Clar! | broken off neither bankers, brokers nor | campaign to conserve natural gas re- members of the steel trade here attempt | sulted in the reduction of the daily out- to explain. . put in the Ventura fleld from about Samuel Mather of Cleveland and his ' 280,000,000 cubic feet to 160,000,000. | STATE AGENT. Maryland and District of Columbia. ||| The Life Insurance Company of Virginia Incorporated 1871 HOME OFFICE: RICHMOND, VIRGINIA JOHN G..WALKER BRADFORD H. WALKER Chairman of the Board Presidest Financial Condition, December 31, 1929 ASSETS Bonds and Mortgage Loans on Real Estate United States Government Bonds............ State and Municipal Bonds.... Railroad and Public Utility Bonds. Miscellaneous Bonds. ~ 17/, TON Range $S1265 2 TON Range $S1545 2% TON Range $1845 Super-power il Eroo==! GENERAL MOTORS P57 Sl .o = —_— Real Estate 2,193,870.36 & —= = Loans on Company’s Policies i 4,978,695.87 H = 3 = Cash in Banks and Trust Companies at Interest.................. 832,260.52 : = RUCKS = Cash in Offices and in Banks Not at Interest. FER 84,864.74 5 : = Interest Due and Accrued.......... 902,699.27 Net Uncollected and Deferred Premiums and All Other Assets 894,995.90 TRACTORS up to 15 Tons Total Admitted Assets. can offer a line - LIABILITIES Reserve on Policies in Force, as Computed by Company’s Actuary $54,280,206.76 Policy Claims Pending, Premium: g, s Paid in Advance, Provision for Taxes, All Other Ascertained Liabilities, and Special Reserves for Contingencies, Etc Total Liabilities and Special Reserve: Capital Stock..... T PR N Surplus of Assets Over Liabilities................ Total ... 8,498,240.73 L o dnd l BASIC MODELS —33 chassis — 118 different types! The most perfectly balanced line of modern trucks to be found in the world today. Each model soundly balanced in rugged strength, safe speed and tremendous reserve-power. We have examined the books of account and record pertaining to the assets and liabilities of THE LIFE INSURANCE COMPANY OF VIRGINIA at its home office as of December 31, 1929, and submit herewith Condensed Balance Sheet. We examined or otherwise accounted for all bonds, stocks and mortgage loa Listed gecurities are represented at market value, and real estate loans at par. Cash balances were Husky frames with no excess, dead-weight . . . Yet values that hit you right between the eyes. t] T l, . . B b ;’,:,,{,.;’;;; ':m‘;"" redpssliot computed and ceifie by the Company’s Actuary. The Smooth-running, long-lived engines, famous for Only General Motors Truck leadership, in engi- itati if y i irginia. N . . . . . R IrY) m”‘,‘{,g CERTIFY :::"f;'o",',’: ;‘,:fm‘:';t .b;,\fve‘cifif;:n‘::; g’.’,",“‘c’:“;,“’:!:":hi‘::";: ‘;;’fl‘gi:l their economy . . . Distance-eating speed, with neering and manufacturing facilities, have made “’."“"‘“' - T"E " T DR VARGENIR ";R'i,°s‘f‘_'“:’£;;~s‘;29‘ safety, in even the giant heavy-duty models . . . them possible. Richmond, Virginia, January 26, 1930, Accountants and Auditors, . Most efficient tire equipment in truck practice Timepaymentsatlowestavailablerates, through today . . . Regardless of price, the most magnif- our own Yellow Manufacturing Acceptance Cor- Summary of Operations During 1929 icent cabs ever put on any trucks . . . real 4-wheel poration. %‘g&?g?#%koss “;:gigga?g truck brakes . . . 1930’s biggest development in X N N &%}l\{fissls IN ASSETS. 3 ;,f;’s)fiiz?g steering ease and safety . . . Nothing make-shift; It’s the biggest development in truck history. Get INSURANCE IN FORCE, $373829,672.00 nothing skimped! . . . your facts about it first-hand} INCREASE IN INSURANCE IN FORCE $ 24,716,054.00 TOTAL NUMBER POLICIES IN FORCE. 1,328,040 Special Showing All This Week at 2117-21 L St. N.W. S. O. S. Call—Metropolitan 0505 7 g APERAGgRYIS INCREASE IN NUMBER OF POLICIES IN FORCE.... 45573 DEATH CLAIMS, ETC., PAID TO POLICYHOLDERS...$ 5843,679.30 Total Payments to Policyholders Since Organization, $57,731,337.20 Growth of the Company in Last Quarter Cenrury- Noasof Policies] Outstanding in Force at |(Insurance at End End of Year of Year Assets at End f Gross Income of Year Year| for the Year TRUCK TRUCK TRUCK SALES LEASES MAINTENANCE 1,630.07 1691 519,334 1613.00 ROLLED BY GE UCK COMPANY 4,171,696.87 11,141,906.65 651234 99.256,046.00 CONT GENERAL MOTORS TR 5 880,904.39 20,700,133.74 880, 176,501,808.00 11,736,657.25 41,521,283.17 885,964 1,133,010 273,540,675.00 Richmond Branch 30-38 M St. N.E. L“P- T:"::l S;:;i;cs:;do- And Lease Truck Service 16,356,614.60 66,078,899.84 ,328,040 373,829,672.00 Station, 107 West Canal St. SPECIALIZING IN COMMERCIAL TRANSPORTATION 131 Que St. N.W. Dealers e ts COVINGTON, Va.—Wright Motor Co. REEDVILLE, Va—R. B. Moore, Inc. STAUNTON, Va.—Motor Sales Co. NORFOLK, Va.—Briggs Motor Co. A. E. CALL, District Manager O, e ;' CHARLOTTESVILLE, ) L TR e S Vel hemela Motor BERWYN, Md.—Gingell Motors. X » Va. It RT 'S, i 205.209 NATIONAL SAVINGS & TRUST COMPANY BLDG,, WASHINGTON, D. G T D e ‘arpenter NEWPORT s b o e A RS L BROADWAY, Va.—Miller-Hoover Motor Co. MADISON, Va.—J. B. Carpenter. LYNCHBURG, Va.—Kabler's Garage, Ine. F. X. CALLAHAN, Branch Office Manager 600-601.612 CHANDLER BUILDING, WASHINGTON, D. G, B J. B. CLELAND. Jr,, Special Agent 600-601-612 CHANDLER BLDG., WASHINGTON, D. C.