Evening Star Newspaper, March 26, 1930, Page 12

. & 0.NETINCONE | OFF N FEBRUARY Warm Weather Cause of Con- siderable Slump in Car Loadings of Coal. The Chesapeake & Ohio Railway's Pebruary earnings were adversely af-| fected by the unseasonably warm weather prevailing during the month, | which resulted in a sharp decline in loadings of coal, the road's principal | revenue producer. The Pebruary de- cline in earnings was greater thah the gain scored in January, so that net operating income for the first months of the year was below 1929. Gross_revenues for the two months were 25 per cent below a year ago, while net operating income showed a | 15 per cent decline. In dollars the de- clines were $524,826 and $94,726, re- spectively. Operating ratio for the two | months was 66.1 per cent, compared | with 67.1 per cent Jor the corresponding period last year. February balance available for out- | standing stocks, after taxes, charges and sinking fund appropriations, was $447,- | 345 below the corresponding month las year. This decline, says a Wall Street Journal review, was more than offset by | the gain in this item of $687.968 in | January. Gain for the two months in balance available for stocks was $240,623. Non-Operating Income Increased. Better showing in balance available for stocks for the two months was due principally to larger non-operating in- come. Chesapeake & Ohio has more | money invested in stocks of other com- | nies than at the corresponding time | t year, so its income from this source two COMPANY FORMED BY MERGER Recent Developments in Industry Make It Close Competitor of Light and Power Interests. BY PRESTON S. KRECKER. Special Dispatch to The Star. NEW YORK, March 26.—Announce- ment of the formation of a great natural gas company through consolidation of the United Gas, Louisiana Gas & Fuel and Magnolia Gas Companies into the largest natural gas company in the world, with assets of $300,000,000, di- rects attention to the tremendous de- velopments that are taking place in the aatural gas industry of the United States today. That industry is wresting hon- ors from the electric light and power industry as the most rapidly expanding division of public utilities.” Last year it distributed approximately 19 hundred billion cubic feet of gas to consumers. This new giant of the natural gas in- dustry will sell, it is estimated, 190 bil- lion cubic feet of gas the first year of its operation. It will distribute gas to the South across the Mexican border and northward as far as St. Louls, as far East as Atlanta and as far West as Laredo and Austin Tex. Its initial order for gas pipe calls for 900 miles of line. Industry Has Been Backward. The new company, huge as it is, marks only the beginning of the im- portant developments in a prodigious in- fant industry, for while gas as a natural resource of the earth has been known for 50 years, it has never been developed as a major industry. There were sev- eral reasons for the backwardness of the industry. One was the fact that. until recently, natural gas had not been encountered in the vast quantities it now is produced. Another was lack of | knowledge of uses for natural gas and THE EVENING STAR, WASHINGTON., WORLD'S BIGGEST NATURAL GAS the East, in Oklahoma, Texas and Louisiana in the Southwest and in Cali- fornia on the Pacific Coast. Utilization of natural gas resources encountered | with crude petroleum is rapidly becom- ing a profitable division of the business of major oil companies. The Standara Oil Co. of New | York is definitely linked with the new | industry on a large scale through its ownership of the Magnolia Gas Co. The Standard Oil Co. of Cali-| fornia recently acquired a chain of pub- | lic utility subsidiaries on the Pacific Coast which will distribute its huge | gas production. Standard Oil of New | Jersey, which owns vast natural gas | resources, is expected soon to capi- | talize them on a big scale. That is one reason for the recent strength of the stock. ‘The Texas Corporation and other oil companies of lesser degree also have large gas resources. (Copyright, 1930.) REPORT SHOWS GAINS " SINCE STOCK TUMBLE | Atlantic & Pacific Figures for Five Months Reveal 13 Per Cent Advance. PROSPERITY SHOWN BY INVESTMENTS Growth of Public Participa- tion in New Financing Is Analyzed. Special Dispatch to The Star. CHICAGO, March 26.—A striking in- dication of the rapid growth of wealth and prosperity in the United States is found ‘in the constantly increasing amounts invested annually by the Amer- ican public in new securities. Such investment for the past 10 years has totaled more than $72,000,000,000, ac- cording to a statistical survey just com- pleted by Lawrence Stern & Co., inve: ment bankers of Chicago and New York. Significant of the rapid growth of interest in securities, the survey pointed out, is the fact that while in 1920 the |annual volume of investments was only 5 per cent of the national income, in 1929 annual security purchoses had risen to 13 per cent of the estimated national income. Investment and Population. “A comparison of the growth of se- curity buying with the growth of popu- lation,” said the survey, “furnishes an equally striking illustration of the in- crease in the securities market. The 1920 total of new security issues repre- sented an annual per capita investment of only about $36.50, whereas in 1929 the annual investment in new securi- ties per capita had risen to approxi- mately $96.50. In other words, new securities absorbed by the American | The Great Atlantic & Pacific Tea Co. has noted no slowing up in its busi- STATEMENT OF THE CONDITION OF THE D. C., WEDNESDAY, public in 1929 were equivalent to nearly $100 for each man, woman and child in the country. “According to recent estimates, there are about 17,000,000 investors in the country, so the per capita share among actual investors would amount to about $600 in 1929. It also is interesting to note that available income tax figures show that while only 936,470 in the en- tire country have incomes of $5,000 or more, almost 20 times that number | have had the vision and confidence to| |lend their savings to the furtherance | of the Nation’s industrial and commer- cial importance. “Expressed in terms of volume, the increase in new securities purchased by investors shews a gain of 190 per cent| in the 10-year period—from an annual | | total of about $4,000,000,000 in 1920 to| more than $11,500,000,000 in 1929. | “Except for slight declines in the| years of 1925 and 1926, there has been | a gradual increase each year in the volume of new securities ‘sold. Since| 11926 a yearly average of more than | $10,000,000,000 in investment capital has been poured into new stocks and bond | securities, climaxed by the new high record established last year. New Securities. “While the relative importance of stocks as investment media has in- creased in_recent years, bond issues | comprised 74 per cent of the total of | new securities sold during the 10-year peciod studied, 1920 to 1930, inclusive. Bonds have constantly led 'stocks in popularity until 1929, the first year in history in which stock issues exceeded bond offerings. . “Since 1922 the volume of stock | year only $623,299,000 in stock issues | 000 securities offered. Gradually in- | creasing stock investments, however, reached $3.575,000,000 in 1928 and then almost doubled in volume in 1929, reach- ing the high point of $6,865,000.000 and First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. financing has been increasing—in that | 15 was sold out of & total of $5.239,000,- |} MARCH 26, 1930. exceeding the bond offerings by more than two billions of dollars. “That the excessive stock offerings in 1929 represented an abnormal condi- tion seems to be proved by the fact that immediately following the stock market decline in November, a preponderance of bond offerings was again established and has been consistently maintained ever since. Bond financing has long been the favorite method of provi capital for the country’s business an industrial growth and continues to carry a strong appeal to the conservative in- vestor. “So far in 1930 the bond volume has been substantially in excess of 1929, new offerings in the first two months of the year having totaled over $1,200,- 000,000, as against $850,000,000 in the same period last year—an increase of nearly 45 per cent. “Ever since the Liberty loan cam- paigns the volume of bonds obsorbed by the public has been gradually growing. For the 10-year period, 1920 to 1929, inclusive, investors have purc] $53,156,383,000 in bond issues. Trend of Financing. “In the same period the total of stock issues was but _$19,003,738,000—more than 60 per cent of which were pur- chased by investors during the last three years.” The following compilation shows the trend of new security financing an- nually during the 10-year period, 1920 to 1929, inclusive: Bonds. Stocks. 938,964,000 $1,071,084.000 6,865.579,000 INVESTMENT SECURITIES Thermoid Com. Stock, Curb Market, yields ghout 8.4%. earning $3.50. Sabjeet confirma- jon. COURTLAND NIXON, 1518 K St. _ Nat. 19% STATEMENT OF THE, CONDITION OF THE Provident Mutual Life EASTERN ROLLING MILL. BALTIMORE, March 26 (Special)— The Eastern Rolling Mill Co. is book: ing orders in more satisfactory volume, and the management is more optimistic over the outlook than it has been for some time, ‘The company has enough business on hand to keep the plant operating at better than 60 per cent of capacity for at least 10 days, even if no additional orders are recelved. However, new business is being booked every A buying coming chiefly from automobile manufacturers, according to officials of the compan; Organized 1879 JOHN JOY EDSON, President Assets ........ +.$5,662,549.55 Subscription for the 98th Issue —allli. 2 PER s While gency. First Mortgage Notes FOR SALE In Denominations of $250 " and Upwards James F. Shea 643 Louisiana Ave. N.W. T T TR R R Equitable Co-operative Bldg. Ass'n S0th YEAR COMPLETED WALTER S. PRATT, Jr, Seeretary Surplus & Profits......$1,705,130.78 of Stock Being Received The Time to Save is Now you have a steady in- come,, avail yourself of the op- portunity to save. then be prepared for any emer- You will Join the Equitable 915 F St. N.W. FIRST MORTGAGES paturally has increased. Offsetting this | adequate transportation facilities. In | ness as a result of the current business ||| Mercury Insurance Company increase, however, from the point of view of earnings per share of Chesa- peake & Ohio stock. is the increased number of shares outstanding as com- pared with a year ago Increase in amount of outstanding | stock resulted from offering of 300,000 | additional shares to stockholders last April re earnings for the first quarter this year will be calculated on the increased number outstanding. For first quarter last year Chesapeake & ©Ohio reported a balance available for stocks of $6,819,046, equivalent after preferred dividend requirements to $5.76 & share on 1,180,940 common shares. At end of last year the number of shares outstanding had increased to 1,482,694 February Goes Off 7.2 Per Cent. For February alone gross revenues were off $747,505, or 7.2 per cent, to $9,634,079. Operating expenses were reduced $240,164 from last year. Net operating income declined $67.252, or 19.5 per cent, to $2:497,338. Operating ratio for the month was 68 per cent. against_65.4 per cent in February last year. Balance available for stocks de- clined $447,345, or 17.8 per cent, to $2,056,243. Chesapeake & Ohio common stock is gelling currently around 233, where it/ ylelds about 43 per cent on the $10 annual dividend. _Its 1929-30 price range has been 27634-160. POSTAL WILL INCREASE COMMON STOCK TOTAL Special Dispatch to The Star. BALTIMORE, March 26.—Stockhold- ers of the Postal Telegraph & Cable Co,, at a special meeting in Baltimore, approved an increase in the authorized number of common shares without par value from 600,000 to 2,000,000. The board of directors of the com- pany has suthorized the issuance of additional shares at $40 a share, com- mon stockholders being given the right to subscribe to one additional share for each share registered in their names at the close of business today, Of the issue price, $25 is to be credited to capital and $15 a share to paid-in surplus. The new issue will be subscribed in full by the International Telephone & Tele- graph Corporation, owner of all the common stock at present outstanding. Patience NITE" R . oy &, the old days it was not unusual to set | rece on. On the contrary, sales have fire to gas wells and let them burn for | years as an advertisement to nearby communities. Such gas as was used was consumed solely in lighting and heating homes. No industrial use whatever was attempted. | The expansion of the natural gas | industry in the last few years has been | due in the first instance to the enor- mous growth of the petroleum output. | Crude oil and natural gas usually are | encountered together underground and | gas pressure is what starts oil flow from new wells. Since the discovery | of vast new ofl pools, the problem has been what to do with the gas that flows | out with the oil. Much of that gas | has been allowed to go to waste. Cali- | fornia found that 42 per cent, or 600,- | 000,000 cubic feet, of its natural gas| production was being blown into the | air every day, and promptly passed | a law last year prohibiting waste of gas as a result of which gs formerly blown away is now being conserved. Pipe Line Development. Another reason for the develapment of this new industry is that the world has learned how to apply natural gas as a generator of energy in place cf coal and fuel oil, lem was solved when a process was developed of manufacturing seamless pipe which would serve to transport natural gas hundreds of miles from the source of supply through long-dis- tance lines without costly leakage. With those two problems solved, a tre- mendous development of the natural gas_industry is visualized. ‘There are three great natural gas fields—in West Virginia and Ohio in A ri reener lawn | ing business of established stores rather Finally a big prob- | shown an upward trend since the stock market break of last Fall. So favor- able has been the showing that the Department of Commerce has requested the company to make public its sales figures. These figures are especially significant in that Atlantic & Pacific, with its 15,000 and odd grocery and meat stores, covers practically the en- ire country, and its business, there- fore, is not unduly influenced by local conditions in any one section. The sharp advance in sales since the begin- ning of last October reflected the grow= than an increase in units, as the change in the number of locations in operation as compared with the similar period of last year was less than 1 per cent. Sales during the five-week period in- cluded in January of the current year reach the new high of $104,270,933, as compared with $91,982,770 in the simi- | 1ar period of last year, a gain of $12,- 288,163, or 13.36 per cent. The gain in December, 1920, was $12,348,847, or | 16.48 per cent; in November, $9,870,182, | or 13.36 per cent, and ir October, §12,- 565,683, or 13.44 per cent. These gains occurred during the stock market break and succeeding months, when business conditions were most un- settled and retail prices of food showed | severe declines. In' September, before | the stock market had begun its rapid | decline, sales increased by $5,910,168, or | 852 per cent, as compared with Sep- tember, 1928. For the five months, September, 1929~ January. 1930, sales totaled $456,485,800. @as compared with $403,502,757 in the | similar months of the preceding year, a ! gain of $52,983,043, or 13.13 per cent. cher this simple way EED your lawn! AGraas. iii:e all ving things will thrive only when given the proper food. You will get a richer, greener, more velvety lawn, better roo thicker growth, if you apply Vigoro. It takes only a little time and effort to give your lawn this scientific aid. ‘The method, as shown here, is simple. Results will amaze you. Vigoro is the largest-selling plant food—2,000,000 users have success on lawns, flowers, gardens, shrubs and trees. Complete, scientific, properly balanced. Clean and odorless, pleasant to handle, easy to inexpensive! Your dealer in lawn and garden supplies has Vigoro. Order from him today. Swift & Company P boxes. For real results be sure to order enough Vigoro! W Balderson Co., »- Distributors I 610 Pa. Ave. N.W. IGORO A product of Swift & Company Complete plant food for lawns, gardens, flowers, trees, shrubs t systems, Broadcast Vigoro evenly proved its apply. And thoroughly Get Vigoro where youbuy Lawn and Garden Supplies Natl. 9791 | of St. Paul, Minn. On the 31st day of December, 1929, as reauired under the District of Columbia | Code. amended June 30, 1902, and Ausust | | Capital * stock Caplital stock, Cash in office value) . 3,472.945.00 Premiums incoliécted and ‘fn { hands of agents 31427151 | Interest due and 43.972.07 | All other assets (due from Reinsurance s 1ot paid) 135.54 Total assets $ LIABILITIES. Net unpaid claims...... Reserve as required b Funds held under ance treaties (NS $246,660.52 1,772,416.33 | " expenses, Capital stack......." 1, All other liabilities’ (surplus) | Total lNabilities.. . Character of bisinicss ‘iransacted ing the year 1929: Fire. lightning, nudo, earthquake, hail, insurrection, riot, sprinkler | | pany of this class. Amount of risk ~assumed | during the year 1929. | Losses sustained during vear 1929, Money received "during ‘the 2,460,932.44 178009317 || | c C.F. CODERE, Vice President. 2,0 McKOWN. Secretary. Subscribed and sworn 1o before me this 26th day of January, 1930. (Seal.) AL 3 Notary Public, Ramsey County. Minn. My commission expires July 25, 1935. ' District Agency Co. General Agent 910 17th Street ance Club of Wi STATEMENT OF THE CONDITION American Alliance Insurance Company of New York, N. Y. On the 31st day of December. 1929. as re- of Columbis Cade, amended June 30, 1902, and August auired_under ‘the Distriet Capital stock ASSETS. s . $50.4 (market hands of agents Interest due and accrued. Total assets LIAB Net unpaid claims............ Reserve as required by iaw . Salaries, b taxes, etc. Capital stock Total liabilities . Character of business transacted during 29: Fire and allied classes. sk assumed the year 1929........ sustained during 'the 29 728,912, 2,448,733, the "year M vear 1929 . Expended ~ during 1929 .. D. R. ACKERMAN, Secretary. ) Stbscribed and sworn to before me this 26th day of February, 1930 iseal.) J.'HOMER REED. er- {ificate fled in New York County, No. Notary Public. Bronx County, No. 20.” Ct STATEMENT OF THE CONDITION OF THE Niagara Fire Insurance Company of New York 31st day of December, 1929, ed under ‘the District of Columbia &ofymended June 30,1002, and August [ 18 1011 Capital stock . Capital stock, paid i . .$5,000,000. Cash in office.... £1,100 Cash in bank 1,363,524 Real estate moi igakes and bonds " '(market vaiiie) R . 24,441, Bilis receivante 0 A Premiums uncoliecied ‘and’ in hands of agents............ 1,697.961 Interest due and accried 101,56 Total assets -327,983,349. LIABILITIES. Net unpald_claims...... serve as required by Ia: Salarles, ren taxes, etc, .... Commissions, ‘brokerage, eic. . Cash dividends remaining un- patd ...... Capital ‘stock . Allother labilities Total liabilities Character of busines the vear 1929: Fire, . 81471797, 486,300 65,500, ocean marine, registered malil. riot and civil'commotion, eart other insurance as granted by charter. Amount of risk _assumed during the vear 1929... .$2,488,323,004 during’ the 4,965,908. 1929 f Expended during the year 1929 B. M. 'CULVER, ¥ 5ty day of Pebruary, 1930. (Sea Notary Public, Queens Co. No. tillente iicd i New Yo Clerk’s No. 439. ~Register’s No. Commission expires March 30, 13,004,681.40 || | 28,097.64 || | Invest | With Confidence ||| in Our Safe ! ' 6%% First | ' Mortgages! | | Choose Guaranty First | Mortgages which are | well secured on Paying | Washington Real Estate | for your surplus funds. | Net unpaid claims ... .. .$3.000.000.00 Capital stock, Dald up, in’cash, 3,000,000.00 9.900,016.00 175,980 48 79.939.00 3176148, 1,841,744.20 150,000.00 3,000,000,00 ”$5,167,803.38 dur- . -129,614.600.00 .. 1.973.388.82 Vice President. as re- .+ 5,000,000.0¢ 00 .55 19 7.39 11,143,492, +..310,367,090.60 transacted during lightning, _tornado, sprinkler leakage, automobile, inland and explosion. . 12,008.317. Vice President. Q. A Asst. Beq 5 Subseribed 4nd sworn 1o before me this These safe notes are issued to yield 6% %, with positive protection of your principal. They are additionally safeguarded by our $3,800,000 resources. Send for Booklet,"The Success Plan” || Denominations as low as $250 Monthly Payments if Desired Capital Resources, $3,800,000 24 JACKSON PLACE | the year 1929: Insurance Company of Philadelphia P OF PHILADEL ENNSYLY On the 315t day of December, 1929, auired under the District of Columbi amended June 30, 1902, and August Cash in office Cash in bank Real estate . estate itsird 5,653,208.51 96,274,827.63 86,460,860.52 5.289,312.44 .. 3,873,900.54 cluding pol- icyholders .. Total assets . LIABILITIES. 5,538,841.51 233,710,457.51 $760.181.47 196,203,916.00 753.608.33 27,122.40 751,322.18 Reserve as required by Tay Salaries, rents, expenses, taxes Commissions, brokerage, efc .. Cash dividends remainini ather ‘Tiabiiities:” Tneludin Ial reserves of $17,004. 67030 and divid of $7,443,000.00 Total liabilities . Character of busin 0 Lify Amount _ of during the year Losses sustained year + Money _ recel vear 35,123,709.13 233,710,457.51 ss_transacted during nsurance. assumed 1020 ... ...$121,396,600.00 during " ‘the 739,61 Lil A Vice President. CHARLES M. TAYLOR. Asst. Secretary. Subscribed and affirmed to before me this 20th day of March, 1930. (Seal.) ELIZABETH PARK. Notary Public, My commission expires March 5, 1033] Herbert O. McLean GENERAL AGENT. 614 Southern Bldg. National 1535. STATEMENT OF THE CONDITION The London & Lancashire Insurance Company, Ltd., of London, England On the 31st day of December, 1020. as fe- auired under the District ‘of Columbia Code, amended June 30, 1902, and_ August Cash in office $1,062.73 i 99822148 7,077,391.00 799.991.82 80,759.89 47| Al o s Reinsurance u e from other companies on paid losses. Total assets LIABILITIES. Net unpaid claims... ... 5 4 Reserve as required by Taw 4,026,200118 Salaries, rents, expenses, taxes, eto. ... s ... 348.048.26 Commissions, ‘brol .. "28,000.00 AlL other liabilitie Reserve —for liabilities . Surplus Total liabilities Character_of the vear 1929: vehicle, Amouni. of risk year 1929... ini 20,193.23 8,977.620.15 $325.346.1 business transacted during Fire, tornado and motor assumed $1,042,377,888.00 1,421,574.50 ng " the BRI 3,768,405.18 sxpended during *the year (Ui bolt el T T GILBERT I KINGAN. Managing Secretary. Subscribed and sworn to before me this day of February, 1930, (Seal) ~ GEORGE W. MASTAGLIO, otary Public, My commission expires Jan: during the Losses sustained du; .65 48 ry 31, 1934. STATEMENT OF THE CONDITION OF THE Globe and Rutgers Fire Insurance Company of New York, New York On the 31st day of December. 1929, as re- auired under the District 'of Columbia Code, amended June 30, 1902, and August Capital stock ... .$7.000.000.00 g0 | CAPIta1 stock, b ash, 7,000,000.00 0 £10,466.81 3,774.154.89 139,609.90 94,364,235.00 7,216.343.66 446,013.79 Cash in office. 5 Cash in bank............ . Real estate mor(gages (frst en) ... S Stocks and bonds ‘(market value) ....... 4 Premiums uncollecte hands of agents...... Interest due and accried All other assets: Reinsurance Tecoverable on pald losses 5 Total assets . 00 58 40,716.40 ) $105,991.540.45 $12.122,058.00 26,803.146.42 9,750,000.00 50,000.00 1.950.000.00 7,000,000.00 LA Net unpaid claims Reserve as reauire Borrowed money Salaries, rents, taxes, etc.. Commissions. broke; Capital stock I other litie: Al earve 'for deprectation of ‘securities surplus Total liabilities . 63 97 00 00 expenses, 000.000.00 44.315,436.03 .3105,991,540.45 Character of business transacted during he year 1929: Fire, ocean marine, auto- inland navigation, tornado, sprin- riot, ecivil Tisk assum 00 | Airing fhe year 1920 64 | Losses sustained during TR I Money recelved dirin’ the 55 commotion and ed $6,628,603,198.00 19,305,409.18 48,019,903.67 S . 33,600.386.48 LYMAN CANDEE, ‘Vice President. J. H. MULVEHILL. Secretary. Bubseribed and sworn to before me this 13th day of February, 1030. (Seal.) DAN. A. SULLIVAN. Notary' Public, Bronx County, 'No. 207. New York County Register's No. O-396. Term expires March 30, 1932. T XSS TR Established 1878 Offices 5th Floor Woodward Building Rooms 518—524 Telephones National 7777-7778 STATEMENT OF THE CONDITION OF THE Central Fire Insurance Company of Baltimore On the 31st day of December, 1929, as re- auired under ‘the District of Columbia Cods amended June 30, 1902, and August Capital stock .. $1,000.000.00 Capital stock, paid up. in'¢ash, 1,000,000.00 ETS. $400.00 185.001.6% 469,671.43 Cash in office. Cash in bank Real estate ....... . Real esiate mortgages Eiat len $458.705.66 cond lien’. My A e ocks and bonds (marke valie) _... 3,042,573.00 n 162.133.48 11.840.58 3.004.25 $4,335,333.65 Premiums’ 'uncoliected ands of agents. .. Interest due and accrued.’ All other assets: Reinsura Tecoverable on paid losses. Total assels . LIABILITIES. Due on home office building Net unpaid claims.......... Reserve as reauired by law RAInNsurance premiums ... Chsh' dividends remainid" in- Reserve’ for {axes Capital stock ... All other liabilities: Reserve for cont! Burplus ........ Total labilities Character of business transacted during 9: Fire, tornado, hail and mo- 29 $197,424,929.00 Losses sustained during 'ihe year 1929 ......... . 389,220.40 1,809,356.26 788.233.43 | “jr.. President. . E . Asst. Secretary. Subscrived and sworn to before me this 5th_day of February, 1930 (Seal) CHAS. F. HEIL. Notary Publie. | Over a Third PEACE OF MIND IS A FACTOR FOR CON- SIDERATION Investment with-a specula- tive element, no matter what return is promised, does not’ offer the same satisfaction as our 6% FIRST MORTGAGES —on which you can rely—first, that your principal is safe, and 7,505,941.24 45.962. | Expended during the vear 1939 32.521.515.01 M. ALBERT ON. of a Century Without a There Loss | National 2100 THERE | second, that the stipulated in- terest will be paid regularly, unvarying in amount and time. are no worries to in- vestors in our 649% First | Mortgages. May be purchased in amounts from $250 up. | B. F. SAUL CO. 925 15th St. N.W. IS NO SUBSTITUTE FOR SAFETY TEMENT OF THE CONDITIO! . OF THE b Norwich Union Fire Insurance Society, Ltd., of Norwich, England 1st day of December, 1929, as re- OBieta® Under tne. District - of - Columbia Gode, amendedyJune 30, 1802, and August Cash in bank. Real estate .. k: d .. $361,269.90 175,000.00 6,289,320.3¢ nds of agent: Interest due and All other assets STATEMENT OF THE CONDITION OF THE Caledonian Insurance Company of Scotland on the auired ode, 18, 1911 Capital stock, paid up, in cash, Ratutory deposit ... e 31st day of December, 1929, as re- under ‘the District of Columbia amended June 30, 1902, and August $94.39 150,687.05 471,015.88 41,794.24 All otner assets: Total assets $7,691,700.41 Loans secured by pledge of pedge of bond: { bo: 6,770.00 Reinsurance Net unpaid claims... Reserve as required by Salaries, $600,898.37 4,037.257.34 ete. . 166.269.41 Comimis: 29.770.93 All other liabilities 54,150.00 Total liabilities . Character of busihess transacted during the vear 1929: Fire, ocean marine, motor vehicle, inland navigation, tornado and windstorm, sprinkler leakage, riot and civil earthquake, tourist bagg: risk _assumed ©$1,613,922,909.00 1,733,666.49 4175,921,03 . 3,985.506.01 HART DARLINGTON. U. 8. Manager. Subscribed and sworn_to before me, this 21st dey of February. 1930, 8eal) WILLIAM G. OETTINGER. Notary Public, Nassau County, New York. New York County Notary, cif. 376, Reg- ister's No. 0-183, Commission expires March 30, 1930. Amount during the year 192y. Losses sustained during year 1929 .. : Money received’ during the year 1929 .. 3 Expend 1929 riot, TEMENT OF THE COND! STA' S ITION Security Insurance Company of New Haven, Connecticut On the 31st day of December, 1929, as re- aulred under the District of Columbia 'ode. amended June 30, 1902, and August 18, 1011, 18, Capital stock ..... . Capital stock, paid up, in ASSETS. Cash In office.. Cash in bank 359,121.21 Real eatate ... 863.050.38 Real ‘l‘slltt mortg: $38,900.00 len : 900 Stocks and bonds (market Valu Bills. romi veceivabie $12.240.55 Premi All other assets. Total assets LIAR! Net unpaid claims Salay Reserve as required by Taw rents. Gapital stoc All other liabilitis Net surplus . Total labilities Cha; [l es sus! year 1929 . y T year Expen 1929 6,897.563.67 .489.571.84 W, Pznnu%l.yovr&son.l ce President. W. A. THOMSON. Secretary. ribed and sworn to before me this of February, 1930. SAMUEL R, CHIDSEY. Notary Pubiic. ! 100 paid I LIAB! Net unpald claims. ... Reserve as required b; Salaries, rents, e Commissions. Capitat posit All other ltal lue) 1 ban Interest due and accrued...... All other assets: Reinsurance due on paid LL Net unpaid claims Reserve as require Total ilabilities . Seal.) Notary Public, Count; . No. County * Cler! Term expires Mareh 30th, 1931, osses. 9.886.13 Total assets . 4,546,319.69 ILITIES. . $309,626.96 2,576,576.80 86.300.00 500000 200,000.00 25,714.06 .$3,203,217.82 Ta expenses, Fokerage, etc stock, statutory de- Total labilities .... Character of business transacted during the year 1929: Fire, motor vehicle, torna winastorm and cyclone, sprinkier leaki d 120. 3283,221,283.00 . 1,317,685.26 2,720,180.84 2.946.012.72 civil commotion and expiosion, earthquake insurance. Amotint of risk assumed dur- CLAR| . x Subscribed and sworn to’ before me this 24th day of February, 1930, N (8ealy INRY 8. COOLEY, Notary Public. STATEMENT OF THE CONDITION OF THE . Atlas Assurance Company, Ltd., of London, England On the 31st day of December, quired under {ode, smended June 30, 1902 1929, as re- £ Columbia and August the District Mce o $33,951.67 bank 418,075.28 100,000.00 e 5,413,367.50 ums t 1,038,035.86 67,608.25 uncolieciéd " "and "in as of s, $365,274.08 4,096,462.04 rents, expenses 191.53 45.000.00 5.464.96 $4,733,390.61 Character of business transacted during Fire, automobile, tornado, il commo- Amount of risk auring tne year 1 fuined auring e A1200 1,028.370.04 4,002,354.01 1,997.844.87 7O Branch Secretary. bscribed and sworn to before me this dsy of February, 1930. JENNIE M. SCHIPF, Reg. No. 5336, . County . Count No. 7.