Evening Star Newspaper, March 11, 1930, Page 13

FINANCIAL. " DIVIDEND OF §7.20 (King Elected to Advisory | Board—Departmental Bank % Names New Officials. BY EDWARD C. STONE. Three important steps were taken at the regular monthly meeting of the di- Tectors of the Riggs National Bank late yesterday afternoon—declaration of the Tegular semi-annual dividend of $7.50 = share, election of Le Roy O. King to 12 advi board of the Farmers & Mechanics branch and election of Sid- mney F. Taliaferro as a vice president, as noted elsewhere in The Star. President Robert V. Fleming stated to- day that he had first thought of asking Commissioner Taliaferro to become con- nected with the bank about a year ago. But he did not mention the subject to him since he was engaged in rendering blic service to the District. Mr. ming feels that Mr. Taliaferro's ex- ecutive experience will be of particular value to the bank's rapidly growing trust department. In this move Presi- dent Fleming had the hearty co-oper- ation of Frank J. Hogan, the bank's general counsel. The appointment of Le Roy King of Georgetown as a member of the advis- ory board of the Farmers & Mechanics’ branch keeps this family still closely identified with Riggs. Mr. King succeeds to the vacancy occasioned by the recent passing of his father, William King, who ‘was formerly president of the Farmers & Mechanics' National Bank and for many years one of the leading coal merchants of Washington. Le Roy King is the third generation of the family to serve in a directorial capacity at the s & Mechanics’ Bank. The Riggs National dividend is pay- able April 15 to shareholders of record March 31. Two Assistant Cashiers Elected. R. R. Lizzi and Mrs. M. O. Wallace bank about seven years afiv as individual bookkeeper and has ed the positions of general book- keeper, receiving teller, note teller and paying teller. Mrs. Wallace went to the bank from Marine Trust Co. of Buffalo, N. Y., several years ago as a bookkeeper, sub- sequently becoming general ledger book- keeper and now in charge of the loan and discount department, President J. 'T. Exnicious announced today. ‘The selection of Mrs. Wallace places her in the very limited group of woman bank officials in Washington banks. It is understood that there are only three other women holding similar positions in the city. North American’s Net Up. ‘The North American Co., holding company for &nbnc utility properties in California, the District of Columbia ne! territory, and in areas cente in ee, St. Louls and Clevel today reported net earnings for 1929 of $28806,824, as increased from $24,402,753 in 1928. Earnings per on the average number of com- mon shares outstanding in each year, after deduction of ferred divi- dends, amounted to $5.03 and $4. respectively. Gross earnings increased 9.02 per cent, while net operating income increased 10.76 per cent, reflecting a decrease from 5249 per cent for 1928 to 51.73 per cent for 1929 in the proportion of gross earnings required for operation, maintenance and taxes. After deprecia- tion and deductions for reserves the net t showed an increase over 1928 of 9.50 per cent. As of December 3, total asserts were carried at $902,759,283, an increase for the year of approximately $67,500,000. Cash on hanl totaled $10,- 354,203, as slig luced from- the $11,835,971 at of the previous ‘The annual report to stockholders says: “Continued co-operation has been accorded the Federal Trade Commission the North American Co. and its sub- in the matter of formation requested in the tions which the commission is conduct- ing pursuant to resolutions of the United States Senate.” American Stores Co. Sales. Sales of the American Stores Co. for February amounted to $11,342.540. against’ $11,227,616, or an increase of 1 per cent over the same period last . Sales for the nine weeks ended ml:h 1 totaled $24,169,233, in compari- son with $24,237,989 in the same period last year, a decrease of .2 per cent. Emerson's Drug Co. of Baltimore City, Citro Chemical Co. of America and Maryland Glass Corporation have released their earnings statements for the year 1920, the combined figures sh the following: o sy l":’;:' I n.00.002.50 O ation ahd” Federal axes.. 61183350 Net InCOmE +oeeeerrrerernnes. $2:338,120.00 After deducting preferred dividends there is an amount applicable to class A and B common stocks of $2.96 per share, The company is now paying an annual dividend of $2 a share on class A and B common stock. Ennals Wag- gaman of this city is a director in the Bromo-Seltzer Co. D. C. Exchange Honors Taft. ‘The Wuhé:flwn B'fiek lxtch:ng; yourned its ly session out of r¢ to the memory of the late wmfi:n Howard Taft. Considerable business, however, was transacted a short session before the Exchange closed. Fifty shares of Capi- tal Traction changed hands at 85. Po- tomac Electric Power 5 per cent pre- ferred closed at 107%, Federal-Amer- ican Co. common sold at 29 and 100 shares of National Mortgage & Invest- ment preferred at 4%. Ninety shares of Carpel Corporation sold at 23l5-%, and five shares of National Savings & Trust moved at 540. Gas, Washington Railway and Capital Traction bonds were steady. Notes in Financial District. Robert L. Plerce, president of the Farmers Bank of Southwest Virginia, at Wytheville, is visiting Washington for a few days. 3ohn Poole, president of the Federal- American National Bank, is now at Atlantic City. He plans to attend the bank management conference in Phila- delphia, March 14 and 15. Vice Presi- dent Willlam J. Eynon, of the same bank, is in Florida on a vacation. George E. Walker, director in the FPederal-American, has returned from a trip to California, and another director, W. F. Brenizer, has returned from a Mgnm Hot_Springs, Ark. bert H. Lacey of the Columbia National Bank, who is chairman of the membership committee of Washington Chapter, A. 1. B, reported yesterday that the drive has ught in over 800 members this year inst 761 in 1929, Commodity Prices Decline. Commodity prices declined six-tenths of 1 per cent during the week ended March 8, according to the wholesale price index of the National Fertilizer Association. For the past two weeks the decline has amounted to 1 per cent, for three weeks it has been 2 per cent, and the index is now 7.3 per cent lower than for the like date & year ago. ‘Thirty-six items declined during the week and 17 advanced. Five groups de- clined and three advanced, but only one showed a material advance. The only material group advance was fats, and as due to butter. The four groups howed significant declines we: 3 feeds and I ‘Walter A. Reynolds, formerly of Ta- Wash., and Earl A. Ross, former- have been elected J. C. Penny Co., suc- eeedlns J. M. McDonald and B. C. Mec- Donald, who had resigned. Mr. Rey- Solds is sales manager of the company, Nlfl”—‘llflchl&fl..fl-h Stock and Bajes— Dividend Rate. Add 00. Abitibl Power & Pap. Adams Expr (1.60) e Adams Exp pf (6)een Advance Rumley..u 3% Ahumada Lead. ..ee Alr Reduction (3).. Alr Way El Ap(3%)a Ajax Rubber...ceeee Alaska Juneau Alleghany Corp..... Alleg Corp pf (5%).e Alleg C pt (534)xw. Allfed Ch & Dye(né). Allled C& D pt (1 28 2 gne 6% Am Brake Shoe(2.40) AmBrS&Fpf (7)., Am Brown Bov Eleo. Am Brown B E pf(7) AmCan (4)......c.. 3 Am Car & Fdy (6)... Am Chicle Co (13%). Am Com Alco(nl.60) Am European Sec. Am & For Power. Am Hawallan 8 8 (3) Am Hide & Leather.. Am Ice Co (t4).euen AmIce pL(6)....... Am International (2) Am La Fr & Foam pt Am Locomotive (8 Am Metal (3). Am Metal pf (6). ... Am Nat Gas pf (7). Am PIARO. ....e0esen 1 Am Power & Lt (31). 14 Am Republics. Am Rolling Mi] Am Safety Raszor (5) ‘Am Shipbuilding (8) 100s Am Sm & Ref (4)..., 20 Am Snuft Co (13%).. 2 Am Snuff pf (6)..... 40s Am Solvents Chem., 14 AmSolChevpt (3). 4 Am Steel Fdy (3).... 7 Am Steel Fdy pt (7). 30s Am Stores (2)...oem 2 Am Sugar RIg (6). Am Sumatra (3) Am Tel & Ca (5) Am Tel & Tel ( Am Tobacco (B S pI(4) Am Zine Ld & Sm. .. Am ZIne pf (6)esseee Anaconda Copr (7)., Anaconda W&C (3).. Anchor Cap (2.40) .03 i Andes Copper (3)..u Archer-Dan-M (3)..w Archer-Dan pf (7) Armour Del pf (7).« Armour Ill (A).eesmr Armour Ill (B)..eeus Armour 111 pf (7). Arnold Constabl Art Metal Const (12) - - - snaSefuabulems « Atch T&SF pt (5). AtIG & W Indles.... 2 AtlGulf & WIpf(6) & Atl Reflning (12).... 261 Atlas Powder (4)..e. Auburn Auto (J4) ..« Aviation Corp Del. e Baldwin,Loco (1.76). Baltimore & Ohlo (T) Balto & Ohlo pf (4).. berger pf (6% ). 1005 50 Beatrice Cream (4).. 13 Belding-Heminway.. 1 Bendixz Aviation (2). 42/ y Bklyn-Manhat (4. Bklyn-Man Tr pf (§) Brooklyn & Queens. ., Bruns-Balk-Col Bruns Ter & Ry Bueyrus Erfe (1). Bucyrusov pf (3%). Budd (E G) Mfg (1). 1 Cal Canada Dry G A (6). Canadian Pae (10)..: Cannon Mills (2.80) Car Clin & O sta (5). Case (J 1) (6, ooe Caserpillr Trac 13% .. Cavanagh-Dobbi Celotex (3). nt Aguirre As 134, Cent Alloy Steel (2)n Cent Alloy otfs (2). Century Rib Mills, Cerro de Pasco (6).. » - a e o T - T T Chi & Alton pf. Chi & East 1L % Chi Mill 8t P&Pac pi Chicago & N W (6).. Chi ’neu Tool.... Chi Pneu T pf (3%). Chi'R 1 & Pac (7). Chi R 1 & Pac pt (6). Childs Co 14.40). . Chrysler Corp (3) City lce & F pf (6%) City Stores (1). CCC&StLpf (b Ciuett Peabody (6 -] & Col Fuel & Iron (2 Colo & South (3) Col Gas & Kl (2) Columb Graph ( Col Gas & £l pf A(S) Columbian Carb (16) Com Credit (2).eeee. Comm Credit A (3). Com Credit pf (1%). Com Cred pf B (2).e0 Coml inv Tr (§1.60). Com Inv Trat war... Comm Soivents (31). Comwlin&soui60e) Comm & Sou pf (6).. Congoleum-Nall Congress Cgr (1 Consol Clgar (1)... Consol ¥iim (3) Consol Film pf (3 Consol Gas N ¥ (4). Consol Gas NY pf(5) Consol RR Cub pf(8) Consol Textile. . Container Cor A 1.30 Container Corp Contl Bamy Contl Baki Contl Baking pf (8). Contl Can (3'%) Contl Dia Fibre (3), Contl Insur (3.40)... Continental Motors. Conti Ol of Del. ... Contl Shares (1), Corn Prod (13%).... Corn Prod pf (1).... Coty. Ine (k3) Cream of Wht: Crex Carpet Crosley Radio (1 Crown Cork & Seal Crueible Stesl of (1) Cubm Cane Produets, 140 24%4 264 9 10% 43 10 " High 3 30 33 undred cm:um-mu by the letter s (65s) :"“thn.dlhhflll“l“ 29% only. Prev. Low. Close. Close. THE EVENING STAR, WASHINGTON, D. C, TUESDAY, MARCH 11, 1930. ISTUBKS IRREGULAR =) INACTIVE MARKET 29% 83% 88 18% share fots (283s), 29% 33 ~Prev. 1930.~ High. Low. 4 intl Printing 1ok (3) Stock ana Bales— Dividend Rate. Add 00. High. Cuba Cane Sugar.... 20 1 Cuba-Cane Sug ctfs.. 4 kel Cuba Co.. 13% Cudahy Packing (4). 45% Curtis Pub Co(t6%). 5 116 Curtiss Wright Corp. 12% Curt Wright Corp A.. o Cutler-Hammr(3%). Del Lack & W (17).. Diamond Match (8). 200s 1 Du Pont de N (14.70) Dupontd N deb (6).. Estn Roll Mill(ht2).. tastman Kodak (18) Eaton Axle &8 (3).. Klec Auto Lite (6)... Kureka Cac Cl (4)... Evans Auto Ldg 2% .. Fairbanks Co pf. Fairbanks Morse (3) Fairbanks M pf (7). .100s Fi Park Asso (2% 10 Pk Assopf (T). 1 Fed Lt & Tro (31%) . Fed Wat 8, A (e2.40), Fid Pho Fire 1(2.60), Fifth Ave Bus (64c). Filene's pt (6% ) First Nat Strs (3% Firestone T&R p1(6) Fisk Rubber. Fisk Rubber 18t pi Fisk Rub 1st pf ¢ Florsheim Shoe pf 6. Follansbee Bros (3).. Foster Wheeler (3).. Fox Film A (§4). Freeport, Texas (16) Fuller pr pL(17.94) Fuller 2d p£(17.40) Gabriel Snub A. Gen Amer 1nve Gen Am Tnk Car(34) Gen Asphalt (4). ... Gen Baking pf (8)... 50s Gen Bronze (3)..eees Gen Cable. Gen Cigar (4). o Gen Electric (1.60).. 303 Gen iilec speo (60c).. 1 Gen' Food Corpn (3) 60 Gen Gas&ill A (1e2). Gen G & Kl pt A (7). Gen ital kid w.i. a2.61 General Mills (3) Gen Motors (13.30) Gen Motors pt Goodrich B ¥ (4) Goodyear Tire (6). Goodyear 18t pf (1)) Gotham Silk H (33%) Grana Union. Grand Union pf (3)., Granite City St (4). Grant (W T) (1) Grt West Sug (2.80). Grigsby Grunow (2), Guif Mo & North. ... Hackensck W pf 1% Hana Lept Stores, Hanna (M A) 1st (7) Hanna pt (new) (7). Hurtman Corp B 1.20 Hayes Body... . Hershey Choc (5)..e Hershey Choc pL(15) _Hollanaer & S0R. . + e Houdaille Her 8 (3). Household Prod(14). Houston Ollvveresn Howe Sound (14% ). Hud&Man Ry (3.60, Hudson Motor (6) ... Eypp Motor (£3) Lllinots Central (7). independ ULl & G (3) ind Motor Cyels.. ... Indn Motorcycle .. indian Refning..... Indisn Refining ct... Indus Ray (bb%stk). lugersoll Hand (#).. 1 Ingersoll Rnd pt (6). 90s lnland Steel (4)..... 15 inspiration (4) 5 insurance Shars Anterbore Hap Trua.. interiake iron (1)... 1ntl Agricultural. ... Intl Bus Mach (06) w Inu Cement (4)..0ue 10t CombusLION. .. e lnter Comb Eng pf.u Inu Harvester (33%). int Hydro £1 Ate3). inul Match pf (4). .4 intl Mer Marine (1) 1nt Nickel of Can (1) Intl Pap & Pwr B.... intl Pap & PwrC.... Int Pap & Pwr pt (7) e o - » » P - Tt -3 Intl Print Ink pt (6). 1ot Salt (6).. Intl Snoe (3) intl Silver (18). inti Silver pf (1) .0ee iut Tel & Teleg (3).. Inter Dept St (2).ees Intertype Corp (2) Investors Equity (3). Jowel Tea (4) . Johns-Manville (3).. Jordan Motor Car... Kan City Sou (8)...0 Kan City Sou pf (4). Karstadt (R) (1.02 Kaufmann)D S (13%) Kayser Jullus (4)... Keith-Albee-O pf (1) Spring Tire... Kelly-Spring 6% pf. 10005 42% Kelly Spring 8% pf. 1000s 25 y Hayes (2). 28% Kelvinator Corp. 164% Kennecott (5). b8% Kimberly-Clark(t3). 5074 Kinney G R (1) ) 21% Kolster Radio. 3 Kraft PhCh (1%)... 484 Kraft Ph Ch pt (6%) 106 ©(S8)Co(1.60). 32 Kroger Gr&Bak(nl). 4 Lago Oll & Trans. Lambert Co (8)....e Leh Port Cem (3% ). Leh Port Cm pf (7)..1008 Lehigh Valley (t4%) 1 Lehigh Valley Coal.. Libbey Owens (1)..+ Liggett & Myers(t Liggett&Myrs B(15) Lima Locomotive. Liguld Carbonie (4).. Loew's, Ina (3).. Loew's. Inc pf (6%). Loft, Ine. ard «P) Co. Louts & Nash (7). 4 Loulsiana O1l, . LouG&ELA (1%).. Ludlum Steel (2).... McAndrews&F 12.85, MacA & Forb pt (6). Melntyre Pore M(1). McKesson & Rob (3) McKes & Rb pf(3%4). Mack Trucks (6).... Macy (RH) & Co(n2) % Madison Sq G (1%). Magma Copper (6) ho O1] Exp Market St Ry pr pf. Marlin-Rockwl 14 Marty; . Low. Close. 1 1 1% 128% “d% % % 45 120% 12% 18%, 87% Exchange Closes With Ad- vantage on Bull Side. Motors Active. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, March 11.—Stocks were turned over in large volume in today's short session—the Exchange closing at 12:30 o'clock out of respect to former | President Taft—with a preponderance of advances, but with enough declines to give the appearance of irregularity. Motor stocks were leaders on the up- side and the merchandising shares were the group most sensitive to pressure. Profit-taking went on in pool issues side by side with ‘operations for the rise in stocks newly brought to market atten- tion. General Motors. It was General Motors that was picked for leadership in the automobile list—moreover, designed to command respect for the move. General Motors had been strong on Monday, especially in the late trading. It opened today on a block of 10,000 shares at 44%:, which was the high of the recovery, and during the first hour sold only fractionally un- der the best of the year. Packard continued its advance into new high ground also on heavy trans- actions. Dupont made a new high with General Motors and in stocks as- sociated in one way or another with the industry there was active specula- tion for the rise, as in Checker Cab and Timken Roller Bearing. Gains in all of these were increased by the tak- ing in of short contracts, although there was no reason to believe the short interest was seriously alarmed. Standard Oil of New Jersey sold up a point or so, stimulating the other oils. Atlantic Refining went to a new 1930 high and Barnsdall Texas Corporation and General Asphalt were strong. But, as with the motors, there was no news to account for the more favorable at- titude for the ofls. It was simply the result of professional efforts to engage a following. Other Features. Flsewhere in the list Radio and Coca Cola made new highs, Allis Chalmers Wall Street Briefs By the Assoclated Press. Out of respect for the memory of the late Chief Justice William Howard Taft the New York Stock Exchange, Curb Exchange and the securities market of the New York Produce Exchange closed today at 12:30 o'clock instead of the regular closing hour of 3 pm. The Un- listed Security Dealers’ Association and the Association of Bank Stock Dealers ceased trading at 12:30. Among the commodity markets to close early were the cotton, rubber, metal, raw silk, hides and the Coffee and Sugar Exchanges. It was reported in Wall Street today that the Manhattan Co., holding com- pany for several banking institutions, was negotiating for the Central National Bank with a view to merging it with the Bank of Manhatt-n Trust Co. Pratt E. Tracy, president of the Air- way Electric Appliance Corporation, sald today that the company’s Toledo plant is operating at capacity. Construction has been started on six 150-ton open-hearth furnaces at the new Detroit plant of the Great Lakes Steel Corporation, a unit of the Na- tional Steel Corporation. The complete plant will cost about $20,000,000. Officials of the St. Louis-San Fran- cisco Railroad and the Chicago, Rock Island & Pacific, it was reported today, are conducting conversations looking to a plan of merger for the two lines to conform as closely as possible with the plans of the Interstate Commerce Com- mission. Directors of the “Frisco” line are to meet in New York on April 2 to consider the merger. o ‘Westinghouse Orders. NEW YORK, March 11 (#).—The Westinghouse Airbrake Co. is reported to have 150 per cent more orders on its books at the present time than at this time last year. was buoyant and American Can and Johns-Manville moved forward. On the other hand, American & Foreign Power was weak. United States Steel was lower, realizing went on in the amusement stocks and Simmons Co. succumbed to heavy liquidation, drop- ping to a new year's low. The tape fell far behind business on the floor. Commodity news was mixed. The ‘weekly report on crude oil production showed a decrease of 80,890 barrels, but that had been expected. Cotton staged & sharp rally, which was helpful as far as it went. Rubber broke 30 to 50 points. There was no important change in grain. = SAFE EIRST Over a Third of a Century Without a Loss National 2100 THERE ‘Washington Stock Exchange New York Curb Market New York Cotton Rxchange N, Y. Coffes & Sugar Exchange, Ine, - Desks. . $20 to $200 Tables. . $10 to $100 Chairs. . . $2 to $150 DEFINITE AND Those are the two elements which make so attractive our 6v,% FIRST MORTGAGES They are not a conditional investment, but a very definite one. The interest is computable exactly during the entire term the mortgage runs—paid twice a year—and at the end the prin- cipal is returned intact. May be purchased in amounts from $250 up. B. F. SAUL CO. IS NO SUBSTITUTE FOR SAFETY F. B. KEECH & COMPANY Members of New York Steck Exchange Liverpool Cotton Exchange, Ltd., (Assos. Members) Bremen Cotton Exchange (Assos. Members) We have prepared a comprehensive circular on Denver & Rio Grande Western R. R. Company General Mortgage Sinking Fund 5% Gold Bonds Due August lst, 1955 & Cumulative 6% Preferred Stock We shall be glad to forward this circular upon application H CORNER 17TH ST., N. W., WASHINGTON NEW YORK Don’t Buy Any i Office Furniture Until You Have Compared Our Bargain Prices! We Are Closing Out a Large Stock of Miscellaneous Items SOME REDUCTIONS AS MUCH AS 50% DON'T MISS THESE SAVINGS! SHAW-WALKER 605 13th St. N.W. 13th Bet. I‘-‘ &G MORTGAGES GENEROUS 925 15th St. N.W. Chicago Stock Exchange Chicago Board of Trade Rubber Exchange of N. Y., Ine. Matched Suites, $200 to $600 Safes. . . $60 to $225 FINANCIAL. Consult Us Regarding Your Maturing Mortgag: LONG-TERM REAL ESTATE LOANS WE MAKE FIRST MORTGAGES ON Homes, Apartments and Busin Properties In the District of Columbi nd Nearby Maryland and Virginia RANDALL H. HAGNER & COMPANY, INC. 1321 Connecticut Avenue Decatur 3600 Mortgage Loan Correspondent New York Life Insurance Company * MORTGAGE NOTE —will still be paying the same satisfactory rate of interest when many of the alluring investments of higher, perhaps temporary, yield are oniy san unhappy memory to the short-sighted investor who puts profit shead of safety. We Offer and Recommend First Mortgage Notes 1435 K St. Lawford & McKim, Inc. General Agents 727 Shoreham Bldg. Dist. 1800 | “The Employers’ Group” Practically every kind of insurance except life insurance. 1880—Golden Jubilee of the World’s Pioneer in Liability Insurance—1930 Statement of the Condition of the United States Branch of The Employers’ Liability Assurance Corporation, Ltd. Of London, England On the 31st day of December, 1929, as lumbia Code, amended June 30, Statutory deposit ASSETS. Cash in office Cash in bank . Real estate . ocks ai ket value) Premiums and in required under the Di - TobA,"and Kidust 96 005 O © Net unpaid claims . Reserve as required law .. Reserve 25.376.967.00 i te... 1.320,000.00 973.819.77 000.00 f agents ... 5,152,015.57 Interest due and ac- crued . 320,430.16 Due from companies age. etc .. Statutory deposit Contingent rese 58.092.95 T I i 43.202.64 the' " We Compensation Reins. Bureau Pund 340.742.14 1.497.903.78 $37.870.852.68 Total assets .. Gharacter of business transacted during Amount of premiums written during Losses paid By . ncome during year Disbursements during the the ve year 1920 ... year i83°..0 EDWARD C. STONE, United States Manager. Subseri to_before me this 14th day of 3 Sheagybed and sworn o B rn TLATER OGN NaTY Piblke. Statement of the Condition of The Employers’ Fire Insurance Company Of Boston, Massachusetts he 1 f December, 1929, On R A b ode, Jamended June 30, Capital stock .. GaBAL stock, paid ASHETS. Cash in office . Cash in bank and August 18, +$1,000,000. *1 50000050 LIABILITIES. Net unpaid claims .... $356.317.99 1.896. Reserve as required by Tsgyired under the District of Co- $50.00 217.246.96 4,200.058.25 Blll; rec:lev)-b S 307 60 1 gntgflecled 364,767.81 36.791.11 . Al%other Tiabpities paid losses Surplus to “‘lnu Total assets $4.883.114.6) ‘Total labilities ....$4.883.114.61 Character of business transacted during the year 1920—Pire and Allied Line of Insurance. ed during the vear 192f .!].!JIS .000.00 r 1920 8 ;.'fl ARTEMAS B. POUR, Vice President. FRANKLIN P. HORTON, Secretary. before me this 25th day of February, 1 Subapyibed and sworn &9, PHPES BIMER HOUGHTON, Notars Public. Statement of the Condition of The American Employers’ Insurance Company Of Boston, Massachusetts ©On the l’u‘;l‘ day of December. 1929, as required under the bia Code, amended June 30. 1902, and August 1 Capital stock ... Capital stock, paid up, in cash . ASSETS. Cash in bank Stocks and bon ket value) . miums trict of Co- 1011 Net unpaid claims .. Reserve as required by $320.831.79 o ,720.240.28 uncoilec hands 1,061.858.39 52.208.48 Salaries, rents, expenses, nteres taxes, eic. + crued s brokerage, ALl other " asssis: “Eauity epui. x in°the Work. Compen~ sation Bureau 3 Due from ' reins companics for losses .. Capital stock All other liabilities Contingent reser! T.au2.401 91 Total Habilities i the year 1929—Casuaity Insurance. e the yeat 1050 33,973,408 54,061.62 23.261. Total assets Character of business trans Amount of risk assumed during the year tained during the year 19 r Money received during the ver Expended during the year 1920 73 ARTEMAS B. POOR, Vice President. FRANKLIN P. HORTON, Secretary. g 8, 4th day of Pebruary, 1930, Bubagibed and sworn Lo betorg e R O S ToN, otars Biblic.