Evening Star Newspaper, March 22, 1930, Page 23

FINANCIAL BANK DEPOSITORS GRASP NEW IDEAS “Savings Conference Is Told of Greater Competition and Best Ways to Meet It. BY EDWARD C. STONE. Bank depositors are developing new fdeas that have compelled bankers to! adopt revolutionary changes in deposit banking to meet the situation, Austin McLanahan, president, savings bank di- vision, American Bankers' Association, president, Savings Bank of Baltimore, told the Eastern regional savings con- ference in New York, which was at- tended by several local bankers. “There has been a revolution in de- posit banking,” he said. “Deposits are free to go where they will, and the banks now have to supplement safety with service, and this service has been | expanded to such an extent that it is quite costly. “The point of view of the depositor has changed. He is being urged to put his money into bonds and stocks, and because ihe rate of interest paid in some sections of the country is over 4 per cent on savings accounts, he can only better his return by buying high- yield bonds wnich have an element of THE EVENING NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. are sold In one-hundred share ueeplhl Ihu- ‘edclnul which shows these Moeh to u ~Prev. 1930.~ High. Low. 33% Stock and Dividend Rate. 22 Abiubi Fower & Pap 647 Abitibl P & P pf () 23 Adams Kxpr (1.1 85% Adams Exp pf (5). 23 Adams Milits (2) 95% Alleg Corp pf (5%) 99% Allegh’y C pf ww 6% 961 B9% Alleg Cpf (5% )xw.. 29215 265% Allled Ch & Dye(n6) 49% Allls-Chalmers (3). 18 Amerada Corp (2) 6% Am Agricul Chem 26 Am Argicul Ch pf. 77 Am Bank Noge (13). 61 Am Bank Nof pt (3) 12 7 Am BeetSugar...... 54% 46% Am Brake Shoe(2.40) &% Am Brown Bov Eleo. 6014 Am Brown B E pf(1) 150t 117% Am Can t4). 821y 65% Am Car & Fd » Am Chain pf (1) Yy Am Com Alcon % Am Encaustie (2) 35 Am European Sec. 1014 82% Am & For Power, 110% 107 Am&Forn Pwr pf(7) 33% 19% Am Hawalian$ 8 (2) 69% Am Home Prod(4.20) 39% 35% Am IceCo (14)..... M% danger in them, or he can buy common or preferred stocks, the latter in some cases giving a very generous yield and with apparently sufficient safety. “There are also the building and loan associations paying a high rate of inter- est and engagng in banking and pro- | motion functions, but still enjoying the tradition of conservatism. Morris plan banks and other agencies of the sort have their appeals. Advantages of Savings Accounts. “After all, what are the advantages of a savings account over the other forms of competitive attractions? First and foremost should be security. The assets of the bank should be so em- ployed as to atford absolute assurance that the savings accounts are abundant- ly secured as to their principal and in- terest. “In this connection it may be well to consider whether it is wise, in the long Tun, to pay an inadequate return on | your savings accounts. That is being done in some parts of the country, and the result may be that the growth in the savings accounts may be slower than it would be if a higher rate were paid. The temptation to outsiders to come in and bid that money away from y&:‘mny be detrimental to your institu- Many_Emergency Accounts. “The second advantage the savings account should have over its competitors is that it is always worth par, need never be sold at a discount, and is al- ways available on demand. As a matter of fact, & of savings accounts u! not really savings accounts, The; acecounts. Even a ricl !lnh the sensible thing if he opens & sa vings account for an amount 'mehshnnbe"-unhlzeoh when a need or an nmmmm arises. How many people Fall thanked their stars that lhey had savings or emergency accounts with which either 1o wohet tl;el{h eunn‘m!tmenfm otr take advantage o irgains ‘were wnlhble in the bond and stock mar- "ln a few instances savings aceounts are really investments. Many people of limited means would rather be sure of the safety and integrity of their prin- cipal and relatively low return than ?hnk on the to them, uncharted sea “There i another element wmcnl enters l.n'c the picture and that is leeo about investments. The “I | at present enjoyed by the -vlnp banks in this is to s2ll and in mmeh ice to their de- in accounts. We offer security, a fair of return, absolute stability of prin- ready liquidity and a service none can match because unbiased.” Heard in Financial District. . The Capital Traction Co. has reported / to the Public Utilities Commission net income for February of $31,103.32, com- with $35,768.74 in the same month 1929, a falling off in revenue of $4,664.72. Washington banks cleared $27,458,- 000 this week, against $26,138,000 last week. This, however, was a loss in clennnn of 15 per cent when compared the correspons week & year ago. cember 31, 1929, a net profit of “ 431 124, equlvllent after preferred require- ments, to $4.22 a share on the common stock, compared with $3.92 a share on the common in 1928. J. Thilman Hendrick, chairman of the board of Lanston Monotype Co. and & member of W. B. Hibbs & Co., has returned from a trip to New York. He Teports that steady strides are being made toward normal business and gen- eral prosperity. The _safe deposit section of the Dis- trict Bankers’ 'Assocfation, Charles E. Howe chairman, held an important meeting ‘Thursday afternoon at head- quarters. Many matters of timely in- terest were discussed. Stock Saved for Employes. Directors of American Stores Co, were re-elected at the annual meeting in_Philadelphia. i ! _In reply to questions of storkholders Samuel Robinson, president of Amer:- can Stores Co., stated that substanial increase in treasury stock over the year 1929 was for the purpose of additional stock offerings to employes from time to time as has been the custoro of the | company in the past. Concerning the possibility of a | dividend increase, in view of the larger earnings for the past year, he arswered | that it.would not be considered now b-- | cause times are too criti T company 15 expanding at the present time, he said, in and around New York, Johnn'.own and Altoona. as yot Delnwnre, Lackawanna & Western. | NEW YORK, March 22.—The net rating income of the Delaware, ckawanna & Western Railroad last month amounted to $805028, as com: red with $1,404,133 in February, 1929, decrease of $599,105. ;‘ INVESTMENT TRUSTS ! NEW YORK, March 22 (#).—Over- -counter market: Bid. Asked Stand Oil Stocks. 126 713 51% 35% Am International (2) 3z AmLaF & Foamite. 105 84 Am Locomotive (8). 1184 111% Am Loco pf (7). Am Mach & Fdy (7). Am Metal (3). % Am Piano... . Am Power & Lt (31) 106% 100 Am Pow & Lt pf (6). 5 AmP&LpfA (3%) D's Amn Ra&Std San 1%. )y Am Republics. 's Am Holling Mill 11). Am Seating (2). Am Suip & Com. Am Sm & Hef (4). 2l Am Snuft Co (133 ). 5 Am Solvents Chem. . Zb% Am Sol Ch cv pt (¥). 52 445 Am Steel Kdy (3)... 69 604 Am Sugar RIg (6).. 107% 104 Am Sugar Rfg pf(7) > Am Sumatra Tob. Am Tel & Ca (b) Am Tel & Tel (¥, 2434 197 Am Tobacco (8) 246% 197 Am Tobaceo (B) 112k 8814 Am Water Wks (n1), 44’ 19% Am Woolen pt.. . 17 ¥4 Am Zine Ld & Sm. .. 0% 9% Anaconda Copr (7). . 464 35 Anchor Cap (2.40) 37 30% Andes Copper (3). .. 51% 4% Armour el pt (7)., b bl Armour Il (A)eueens 5“4», 2% Armour il (B). 14 77 2484 216 46 364 As50 APpI Ind (4).~s 45% 28 Asso Lry G (2%4). 93 85 Asso DG 2d pfu7) 240% 219 Atch T &S Fe (10). 175% 166 Atl Coast Line (110). 4%% 364 AUl Kefoing (12).... 103 »1% Atlas Powder (4). B3 31% Atlus Stors Lornttli 2567% 175% Aubura Auto (J¢ 10% 4% Autosale 42l 37 Auto-StSafRA (3). i 4% Aviaton Corp Del... 38 304 Baldwin,Loco (1.75). 116 111 Baldwin Loco ptf (7). “x‘m l:: ::.lumon.om. 1) 0 g & Aroos (33).. 12 110 . oy 20% 16% Barker Bros(z) 82 7314 Barker Bros pf(6%) 8% 20 Larnsduil, A «3) 164 13 Beacon Oll...... 0% 60% Beech-Nut Pkg(2).., 48 32 Bendix Aviation (2), 84% 81 Best & Co (2). 105% 92 Bethlehem Steel (6). 132% 122% Bethlehem St pf (7). a8 47ix Bohn Al & Brass (3). 74% 60% Borden Co (k3). ‘:7\. 324 Borg Warner (4). 2 Add 00. igh. 4 the letter s sold In odd lots 12 32% 83 30s !BA 64 11 10s 21 oUs. 11y 1 1% British Kmpire Steel 16% 13 48 14% Bruns Ter & Ry 30% 22% Bueyrus krie (1), 42% 33% Bucyrusev pf (3%). 13% 9% Budd (EG) Mfg (1). 8% Budd Wheel (1 o% 3l Butte & Supanon 29% 164 Butterick Co 102 30 Byers (A M) T 6w. Calit Packin 290 n Calumet & Aris ll).. B8 :Gu Calumet&Hec(at3) 27 19 Campbell Wyant (2). % 63% Canada Dry G A (6). Zth!- l!;’- Canadian Pae (10).,, 2 Capital Adm A pf(3). 294% 192% Case (J 1) (6] 74% 54 Caterpilir T 60 36% Celotex (3) 4% 30% Cent Alloy 2). 34% 31% Cent Alloy etfs (2).. 110 105% 66% 575 15% 11 59% 36 Cbecker Cab (4.20). Ches & Ohto (10). Chi Great Westn pf. 2% ChiMill St P&Pac. .. % Chi Mill St P&Pac pf 84 Chicago& N W (6).. 22% Chi Pneu Tool. 125% 114 ChiR 1 & Pac 110% 107 ChiR 1 & Pac pf (7). 28% 26% Cni Yellow Cab(3). 7% 57'a Childs Co (4.40) 33% Chrysler. Corp 404 33 30 Clark kquipment 13) Cluett Feabody (5).. 1 City Ice & F (k3.60).. 9 . (,luul-Polbofly Pr(7)190s #6% Col Kuel & from (3).. 0% Col Gas & El (2).... #l% 24% Columb Graph (87¢). 199 168's Columbian Carb (16) v9% 2% Com Credit (2). 964 27% Comm Solvents (11). 2% Comwlth&Sou(60c) . s‘sy Comm & Sou pf 4 13% Congoleum-Nairn... 45 Congress Cgr (16%). 67 Consol Cgr pr pf 6% . 15% Consol Film (2) 18 Consol Film pf (2). 6% Consol Gas N ¥ (4).. 99'% Consol Gas NY pf(5) 49 Consol RR Cub pf(8) 1 Consol Textile 12 Container Cor 44 Cootatner Corp B 39 Contl Baking A, 5% Contl Baking B 60% Contl Can (2%) 28 Contl Dia Fibre (3). 69 Contl Insur 12.40). 6% Continental Motors. 19% Contl Ol of Del 27% Contl Shares (1).... 87% Corn Prod (13%). 244 Coty. Ino (k3)... 25% Cream of Wht(13%) 9 Crex Carpet . 10% Crosley Rad! Crown Cork & Seal Crown W P ist nt( R4 Crucible 8 110 Crueible St % Cuba Cane Sugar 9 CubaCo,.. . 114 Cuban Dom Sus: 44% Cudahy Packing (4). 4@ a 12 137 101 32 29% 1920 zu 73 13 7 1 90% 90% 50s 112% 112% 1 4 b ¢ 13% 1% 45% (658) only. 3% 83 8214 89 27% 90% 112% 4 1 14 14 4o us-). . Pprev Low. Close. Close. 324 441 E 113 106t stock and Dividend Rate. Curtis Publish pf(7) Curtiss Wright Corp Curt Wright Corp A. Cushman'’s pf (8)... Cutler-Hammr(3%). Davison Chem. ... Delaware & Hud (3). —Prev. 1930.— High Low. 121% 114% 6% 13% 105 64 28% 1614 roit Edison (8) Diamond Match Drug Corpn (4). Duplan Silk (1). Du Pont de N (14, Dupont d N deb (6).. Estn Roll Mill(at2). tastman Kodak (18) Eaton Axle &8 (3).. Klec Auto Lite (6)... El Pwr & Lt (1). El Pwr & Lt pf (7) Elec Storage Bat (5) Elk Horn Coal. ..., 4 Endicott-John Eng Pub Sve pf Ii%) Eng Pub 8 cfs (31). kquitable Bldg (2%) krie R R. Erie R R 18t pf (4).. Eureka Cac Cl (4)... Evans Auto Ldg 2% . Sales— Add 00. High. 1 118% 1256 11% 62 10s o LTS3 e BEe e b Exchange Buf (13%).100s Fairbanks Co pt. Falrbanks Morse ( Fairbanks M pf (7).. Fash Park Asso Fed Lt & Tr pf Fed WaL s, A (e2.4 ¥ld Pho Fire 1(2.60). Filene's pf (6%) Firestone T&R pf(6) First Nat Stra (23%4). Fisk Rubber. ... Fisk Rubber 1st pf. . Fisk Rub 18t pf cv.. Foster Wheeler (2).. Fox Fillm A (§4).... Freeport, Texas (16) Gamewell Co (5) Gardner Motor. Gen Amer Inve: Gen Am Inv pf (6).. Gen Am Tnk Car(34) Gen Asphalt (4). Gen Bronze (2) Gen Cab Gen Cable A (4 Gen Cigar (4)....... Gen Electric (1.60) .. Gen Klec spec (60¢).. Gen'l Food Corpn (3) Ger: Gas&El A (te2). Gen ltal Ed w.1. a2.61 General Mills (3), 4 Gen Mills pt (6) Gen Motors ("L Gen Refrac (14% Gen Ry Signal (b Gen Theat Equip vts . 108 30s 4 +14vs Gillette Saf Raz(nb). & Gimbel Brothers. Glidden Co (h2)..... Glidden pr pf (7). Gobel (Adolf).... Gold Dust (2%).. Goodrich BF (4).... Goodyear Tire (6)... Goodyear 1st pf (7). Gotham Silk H' (23%) Graham-Paige ct. Granby Copper (8).. Grand Silver Stra u) Grand Union. . Granite City Stl (4). Grt North ot (5).... Grt North pfet (5).. GtNetfsOP ulu) Grisby Grunow . Guit Mo & North. 4 Gulf Sta Steel (4). Hahn Dept Stores Hahn Dept 8 pf(6%) Hall (WF) Ptg (m1) Hanna pf (new) (7). Hartman A (2)... Ha ody . Helme (Geo H) (7). Hercules Motor 1.80. Hershey Choo (5). Hershey Choe pf(16) Houdalle Her B (3). H'hold Fin pf (13%). Hupp Motor Car (2). Independ O11 & G (3) Indus Rl!(hlfilfl)- Inspiration (4). Insurance Shars 4 Interboro Rap Trun Inter Comb Eng pf.. Intl Harvester (2%) Int Hydro El A (e3). Intl Mateh pf (4).... Intl Mer Marine (1).. Int Nickel of Can (1) Intl Pap & P A (3. Intl Pap & Pwr B. Intl Pap & Pwr C. Int Pap & Pwr pf (1) Intl Printing Ink (3) Int Rys.Cen A pf(5). Intl Stiver (18). Jewel Tea (4).. Johns-Manville (3). Jordan Moter Car. Kan City Sou (5).... Kaufmann)D 8 (1%) Kayser Julius (4) Kelly-Spring 'fln % Kresge(SS)Co(1 Kreuger&Toll (1.34) Kroger Gr&Bak(nl). Lambert Co Lee Rubber Lehigh Valley (14 Lehman Corporation 29% Lehn & Fink (3).... Libbey Owens (1) Liggett & Myera(t Liggett&Myrs Bul) Lima Locomot!ve Link Belt (2.60) Loew’s, Inc pf (6%). T T e Long Bell Lumb A. . Loose-Wiles (12.70). Lorillard (P) Co.. LouG& EIA (1%). Ludlum Stee) (2)... Ludlum Stl pf (6%). McGraw-Hill (2).... McIntyre Pore M(1), spt T P(143%) Mack Trucks (6). Macy (RH) & Co(n2) Madison Sq G (1%). Magma Copper (5).. Mallinson & Co..... Man Elec Supply . Man Elev mod (d5). Man Shirt (2).. Maracaibo O1l Exp. . Marlin-Rock (14%). Mathieson Alkill 1) May Dept Strs (n2). Maytag Co (13). Maytag Co pf Maytag Co 18t pt(¢ Melville Shoe (2). Mengel Company ( Metro Gold pf (1.89) ican Seaboard. .. Miami Copper (4). .. Michizan Steel (234) M Middle States Oil et Midland Steel (3). idland Steel pt ). lCmmnu:u on 187 STAR, WASHINGTON, D. C, SATURDAY, Prev. Close. Glose. 118% 118% 11% 11 17% 110 B4 18% 136% 120 22% l /- 1 106% lfli'/- 1060 lol Page c) 4 ISTOCKS IRREGULAR IN PROFIT TAKING Merchandising Group Con-| tinues Weak—0ils Make Good Showing. BY GEORGE T. HUGHES. Special Dispatch to The Star NEW YORK, March side with the bidding up of speculative favorites to new highs in today's stock market went the uncovering of new | weak spots and heavy realizing by | those who had profits on purchases carlier in the week, giving the list a| much mixed appearance. The merchandising stocks were freely offered and a number of them went to new lows. The oils were aggressively bought and although profit-taking checked their advance they main- tained a firm front. Elsewhere the usual week end evenlng-u{) process | went on, with the selling a little more | effective than the buying. | Neational Cash Register again was an outsianding weak issue. It had closed yesterday at 65%, after a decline of | more than 6 points. It opened today on a large block at 64 and then sold | down almost 4 points more, with no support of consequence in evidence. Simmons Co. again was pressed on a market unwilling to take it without concessions, but the loss in this case was not as large. ‘Weakness_developed in a fresh quar- ter when Woolworth was subjected to attack by operators for the decline and dipped to approximately its previous low for the year. Probably testimony given at Washing- tion belore the Senate committee to the effect_ that the unemployment situation was the worst since 1914 and the prom- inence given to these statgments in the press had something to 'do with the sell . 'That it was oyerdone there can be no doubt, just as there could be no question that it did not represent real liquidation. Woolworth, for instance, reported an increase in sales in its last return, but these stocks are unpopular now, and when they go off attract nc speculative buying. The oils were the bright side of the picture. Standard Oil of New Jersey, because of its commanding position in the industry, was the natural leader and achieved a new high in the first nour. Last September the stock sold at 83 and | y it was less than 14 points under | that level and more than 19 points| above the price at which the famous | Rockefeller buying order was placed during the panic. CASUALTY INSURANCE ' BENEFITS MOUNT ‘The benefits derived through casualty insurance may be realized from the statement in an insurance magazine that during 1929 the American public received in claims paid by casualty companies a total of more than $336,- 000,000. These include health and accident claims, disability, automobile insurance, plate glass, surety bonds and miscellaneous forms of protection other than life. 22.—Side by | STATEMENT F THE On the 31st day of December, under the June 30, 1902, Capital stock Sanltal stoex, 18, 1 Cash in o in Pank Stocks g Bills receivable . Premiums uncol ands of agen Interest due and All_ other assets: recoverahle on p: Collateral loans .. Total assets LIAB! Net unpaid claims . Reinsurance premiums ‘. Salaries. ete. SamRTPock > ALl other Nabiliiies: Surpius Total Jiabilities EDWARD T. CAIRNS, Vice H. P. BLANCHARD, Secretary. ”!alb;cflbe‘d:nnd aworn to Beto rd day of January. Y HELEN M. Nonr ‘Public in and for the it K.n Francisco. State of Cals Commission cxpives° October 1o, Company of On the 31t day of December, 1920, under the District of Columb! JeT st 100 Tana "Aueust 18 1011 Caplital stock . Capital stock, paid ip, I Cash. Cash in bank . Stocks and bonds. m-rke‘ aiue) Premiums ed n of ued All other asset; numunnce Te- coverable on paid I Total assets ... LIABILITIES Net unpaid claims : urance premiums Blarien e expenses,’ “taxes. c. transacted ; Bire. Marine, Autom Amgunl of risk assu dur nie H. P. BLANCHARD, Secretary. Subscri] u{& 4”':? Pt N commission William M. Beall Wm. D. Ellett MARCH 22, F THE CONDITION Fireman’s Fund Insurance Company of San Francisco, Calif. 1920, as required strict of C celumbll Gode. amended FLETCHER. and mu;:y . "29:" Kings N 3 Commission expires March 1, 1 STATEMENT OF THE CONDITION OF THE Occidental Insurance San Francisco, Calif. ..$1,000.000.00 ©71,000,000.00 . (33,602,269 89 to before me thin ‘M. FLETCHER. Juslle E and .('osre th; :m: 7. And Ifo\lr’\‘ 4 1930. CREDIT CLASH BARED IN RESERVE REPORT Special Dispatch to The Stas NEW YORK, March 22.—The split between the directors of the Federal| Reserve Bank of New York and the | Federal Reserve Board in Washington over the question of coping with the problem of stock market absorption of credlt last year is officially revealed for the first time in the annual report of the local Reserve Bank for 1929. “For a number of weeks, fron ary to May,” the report sa flir!ctors of the Federal Reserve Bark of New York voted an increas> in the discount rate from 5 per cent to 6 per cent. This increase was not Ipproncd by _the Pederal Reserve Board." Bankers who recalled the prolunged sessions each Thursday afternoon last Spring and the trepidation of the stock market, faced by reiterated warnings of the Federal Reserve Board lgalns( the expansion of brokers' loans, saw in the official statement great higfllfl' cance. It is generally held by bankers | | that had the wishes of the local board been acceded to. the headlong career of the stock market might have been halted in time to avoid the break of last October and November. Stock to Be Redeemed. NEW YORK, March 22 (#).—Cush- man’s Sons, Inc, New York bakery chain, has 'called for redemption on May 1 at $110 a share, all of its out- standing 8 per cent cumulative pre- ferred stock. Real Estate Loans Made Linkins Wm. Gordo? Buchanan Councilor & Buchanan C‘nlll%.'fll intants National 611061116213 (Telephone Directory Omission) Secured by first deed Prevailing interest a Joseph 1. Weller 423, First Mortgage Loans In Arlington County and Alexandria, Virginia Commonwealth Investment Co., Inc. 808 15th St. N.W. Phone Natlona) 2623 Mortgage Loan Correspondent The Prudential Insurance Co. of America SECURITY SALESMAN Unusual opportunity for experienced man who will concentrate his time and best efforts on excellent issue to make large com- missions. Address Box 78-E, Star Office FINANCIAL. Consult Us Regarding Your Maturing Mortgage. LONG-TERM REAL ESTATE LOANS WE MAKE FIRST MORTGAGES ON Apartments and Business Properties in the and Nearby Maryland and Virginia Homes, District of Columb RANDALL H. HAGNER & COMPANY, INC. 1321 Connecticut Avenue Decatur 3608 Mortgage Loan Correspondent New York Life Insurance Company If You Had a Magic Carpet— to lift you into a world free from financial worry . . . if you knew how to fashion this “magic carpet” . . . wouldn’t you create it? The magic wand to produce this “carpet” is within your reach! This is not mere imagina- tion. For, like thousands of wage earners in Washington, you, too, can weave the strong, sturdy fabric of a financial reserve which will carry vou through future days. The method is simple. The results are cer- tain. By purchasing First Mortgage Notes such as are sold through Swartzell, Rheem & Hensey Company you obtain a first rank in- vestment that yields you 6 per cent interest annually. And with your modest savings plus the magic 6 per cent income annually you will steadily accumulate a handsome nest egg— as they have for thousands of inve-tors for more than 60 years. You may obtain First Mortgage Notes in amounts of $100, $200, $500 and upwards. SWARTZELL, RHEEM & HENSEY Co. MORTGAGE BANKERS 727 15 STREET N. WASHINGTON D.C. BRADLEY, BEALL & HOWARD, Inc. General Insurance Agency tal stock ... itas stock, paid Cash in office . in other assets Total assets . LIA Net unpaid ciaims Reserve as required Reinwurance premiums suel‘ aries, K other Shamiities 21010 Total Nabilities Character of business transacted during the Joar 1929 Bire, Marine and Automoblle. um 20.542.545.21 19.652.626.80 President. Expended ¢ 16th day of February, e bihes Cnmmiqlun!r of fornia. 1032, No. 129. L """":3 ©On the 31st day of Dece: de. June *0, Capital stock Gash n ofmce .. $228,192.78 3336,304.00 100.428 80 36,605.81 678.50 Total assets LIABILITIES. Net unpaid claims $80.607.73 56493264 Salaries, " rents. Cominisyions. " broker 3 Gash dividends. remaining unnnld Knmn and Capital stock All other ‘liabiiities: Missourl rate reserve Estimated expense: ‘ment of losses furine the Total labilities * $211,012.433.00 177,781.47 the 486.697.73 EDWARD T. CAIRNS, Vice President. th day of February. 1930 zo (Beal.) W. Wilkins Building STATEMENT OF THE CONDITION OF THE Phoenix Indemnity Company of New York, N. Y On the 31st day of Decembe: under_the District of Columbi June 30, 1902, a1d August 18, 1911. expenses, SWEZEY, President. W. 8 COOPER “Sccretars: Subscribed and sworn fto before me this DNA M. Deeds. City York County Clerk’s ‘s No. 3 STATEMENT OF THE CONDITION OF THE. American Central Insurance Company of St. Louis, Mo. ember. 1939, \nder the District of Gopumbia Code. amended 1902, and August 18, 1911. Capital stock, paid up, ‘in cash Reserve as required by law expenses. ansacted during the o ot, "Oivil Com: sion Amount of risk assumed during year Losses sustained during the year 1929 N Pr T Bubscribed "and tworn. 1o befors me this 88 commission ‘exsives April 5, 1993 Immediate and Satisfactory Claim Service STATEMENT- QF THE CONDITION OF THE United States Branch of the Commercial Union Assurance Co., Ltd., of London, England r. 1929, as required le, amen On the 31st day of December. 1929, as requis under, the District of columm. (Sode, amended June 30, 1902. and At 18, 1 o =B g 235 (first lien) tocks an ket value) Bills receivable Premiums ~ uncaliecied hands of agents Interest due and All other assets . Total assets and in £ <85 |33z sag22 222 38832 -$16,308,036.90 LIA Net unpaid claims Reserve as required Reinsurance premiums Salaries, tents, expenses, taxes, Al Gther Surplus . Total Nabilities Character of business transacted during the oo Pire. Ocean Marine, Motor Vehicle, iand Navigation and T runfl Tor- nad , Windstorm, Cyclone, Spri E 1kl ‘akage, Riot,” Civil Gommiotion. Amoust of 11sk asoumed during " L tained " during " 'the taies, ®31,627,564.43 " 2.778,803.24 3331433 $1,861,314,016.00 3,704,081.94 oy 398.181.78 Expended during the vear 93 0005168 Assistant U. S. Manager. Subscribed and sworn to before me this 27th day of February, 1930, (Seal F. HEALY, Notary Public. Queens Gounty No 813 Certyfi- cate filed in N. Y. Co. Res. No. 87450 Commisston expires’ March GORDON. of New York . 78; New York 2 Kings' County County Register's 930. STATEMENT QF THE CONDITION OF THE Sentinel Fire Insurance Company of Springfield, Mass. On the 3lst day of Decembe! quired under the District of columm- Tote amended June 30, 1902, and Ausust 18, 191! as required $500,000.00 Capital stock . +3300.000.00 $1.000,000.00 + 1,000,000.00 Capital stock, P Cash in bank $104,399.92 Stocks and bonds mm-ku . 1,516,560.00 Fremiums uncollected ands of agen . 4,926.79 Interen e "Waa sceriied: | 12,556.11 All other assets: Reinsurai n losses paid .. Total assets 8,394,602.19 LIABILITIES. Net unpaid claims. . Reserve as required by i Salaries. rents expenses. ta lends rematning u it $339.208.65 3,664/087.29 6.453.49 00 277.49 000! (nxpi serves s Estimated 088" addustment expenses 240.271.61 Total labilities 6.986.22 $5,490,874.75 Character of business tran: ted during the ARSunt ot ek assumed aurin risk " assume e n-"rt I e"xm,mmu Logses Sirtain s 'S iring thie ¥ e 1920 . 330.135.64 Expended during the year i939.. 236,577.40 GEO. G. BULKLEY, President. E. H. HILDRETH, Secretary. d sworn 1o before me this 3lst PR R o A s, My commission expires February 24, 1933. Robt. C. Howard Earl C. Short icles, Earthquake. $670,092,570.00 1,635,405.58 Publie. National 2660