Evening Star Newspaper, March 31, 1930, Page 12

FINANCIAL. gasoline was drawn from storage to the extent of 156,000 barrels. Coming ‘at mmummmm per cent below the corresponding week bills bought in open market and $1,200,- of 1929 and again the lowest of any like .000 in holdings of discounted bills, and a decrease of $32,400,000 in Unwed States Government securities. The Re- serve r-!b ltnod at 81.8 per cent, com- per cent in previous week lnd 113 Er oent a year ago. Trade and ustrial developments covered in the report our composite in- dex advanced by 2.4 points, In the immediately $121,000,000, while un increase of $137,000,000 was reeorded during the week ended March 1: ot e eS| 4 per "“’“‘Hu‘“‘“‘u"'{!’fl ot witn with per cent contrast \rp! Y :mmberug( l:unsh::lrnl the low of 2 per cent in the week pre- | of the week were of a mixed character. her rates also were adjusted. | Steel operations increased slightly to an n-nun' acceptances of 30 days ma- average of 76 per cent for the industry turity were marked up to 3 per cent|as a whole compared wrth a shade be- | at 2%. Bills of 60 md no days ma- | low 75 per cent a week ago. United turity were ldvm d to 27 per cent|States Steel Corporation reported opera- at 2% ’q while 120 days, 180 day bilis are | tions at 80 per cent of capacity. This now 3 per cent bid, 27, per cent asked. | is the first week in the past three that ‘Three to six months ume money was | steel's production has not been reduced, increased to 4a4Y per cent. Commercial | Preight car loadings for the week ended paper rates were revised downward Y | March 15 showed little indications of per_cent for all names. any quickening in manufacturing and ‘The Federal Reserve system statements | trade activities. Total amounted to|ing the index declined. Farm products preceding. Industrials also showed sus- | to $3,820,000,000, or $21,000,000 less | as of March 26 showed increases for [ 881,187 cars, an increase of 0.0 per|registered the sharpest monthly drop,| closer degree of co-operation now pre- | Government, is already bearing fruit, mrmi strength. The net advance for than on March 19. During the period the week of $71,500,000 in holdings of | cent over the previous week, but 8.1'4.6 per cent below February and 12.3 | vailing throughout the country. In the |and, for the week ended March 22, Sl viwiyl e o Mtawe fo¢ thet b 0l 10, g O Detiod. e ek of $THOMINO0 10 hevltgs of eeiit over (E privicus week Dub B3 7 ver omit tebl Buuky sud 131 WIS Srombel Ce oy, SR A dx U et s [o[——=[o]c———[n[c———Jo][c———[o]c———[a[———]a]c———[a]c———[o]c———[a[c———Ja]c———o[c———]o]c———a[c———o[c———]gjc——2 o] c—21] ‘commodity to ments compared vm| the week ceding. Loa of other commodities continued at about the levels of recent weeks with the exceptoion of grain and lnd grain products which showed a r percentage decline from a year e:r er than in the weeks immediately preceding. ‘Wholesale commodity prices for the month of March declined about 2.5 per cent, according to computations of the Analist. Monthly index of wholesale commodity prices for March stands at 134.0, a decline of 247 per cent from February and 8.5 per cent below March, 1929. All of the eight groups compris- 650, pects bright for some further redu The more promising outlook for the longer term in this State is also offered by the court decision unholdln( the validity of the Lyon act. Oklahoma producers have extended proration agreements for another three months at daily average production level around 600,000 barrels, and current output has been brought down close to this figure. With the effort presently being put for- ward in the midcontinent and Texas flelds, it is altogether likely that crude prices will soon follow the advance al- ready in effect on the West Coast. ‘The move toward the reduction of refinery operations, instigated by the This is a decrease of 25 vious week’s figures and two weeks ago. Compared with corresponding week a year ago, it rep- resents an increase of 2]. Insolvencies liabilities in excess of $5,000 totaled 300, compared with 303 in like period of 1929. Crude oil production for the week ended March 22 is estimated at 2,535, 900 barrels daily, a decrease of 47360 barrels from the week preceding. Re- cent developments in the oil trade show clearly the beneficial effects of the corporation news, yulgued by Standard York, for the mmugdcgmx.ne decidedly brighter. The Companies. American States Public Service sac- quires Commonwealth Public Service fl Montana. Baltimore & Ohio R. R. Delaware & Hudson Co. asks 1. C. C. mot to permit acquisition of Buffalo' & Susque- hanna by B. & O. Canadian Pacific Railway February net after taxes off 52 per cent from ly:lruo 2 months’ net off 56 per Weekly News Review. ‘The stock market continued its uj ward movement during the past with volume of transactions the heav- jest since last November. ite lndel closed the 5.7 points over the previous vukl close. Utilities again led the advance, the index of this group closing | time in'a month showed a decline. Total 10 points higher than on the Saturday | for the week ended March 26 amounted ~ o fl fl fl | fl | @ fl ! 'fl fl | E | | Make Your John Insurance Pay You Dividends Numbered among our policyholders are many of the best known business houses in Washington. secure sound protection, safety, service, and in addition an average 25% saving in cost. Over $100,000 Paid in Dividends Through This Office in 1929 H. Kroll Clumc Ald:lod anpdy Shrewd Business Men Choose ‘“The Mutual’ In Washington, as throughout the United States, shrewd business men select Mutual fire insurance. These concerns are careful insurance buyers—they know that in dealing with this Agency they Mutual management is noted for conservatism, arid Mutual corporations for stability, for paying losses promptly and fully, for rendering service ably and generously. If your business or property as first class in moral and physical risk, it will pay, you to— _, Call “The Mutual”—National 6690 Claude V. Hyson | THE MUTUAL INSURANCE AGENCY ALBERT R. PETERS, President CHAS. M. BOTELER, Secretary William R. Miller Paul F. Grove, Jr. 1301 H Street N.W. Fire———Automobile————W orkmen’s Compensation surance Company of lowa, Des Moines, lowa s Olll‘ sust 18, gfl. Tod DRtrier o Conmmbia he District of Columbia June 30, 1002, and Au- “unéoilected " and of agents ‘""“‘rom et Winasiorm, ke nd Bethivancy. Motor " Venicie, prinkler ,200,161.00 2,111.587.31 P Fresident. Al H. B. OARSON, Secretary. ibscribed and to_before me mm"fq: aay ‘of P‘e‘l;n’;é'r! s A Notary Public. l‘llvtmhd during ‘the’ year STATEMENT OF TH% CONDITION OF THE Retail Hardware Mutual Fire On the 31st day of December, 1929, as rea anast The Disteiet of Combla ided "June 30, 1902, and 25.00 39.120.50 i a3 . 3.860.575.23 1875.42 597.317.08 72,076.52 pany i : Die from. reinsuring. com- Ppanies 2 LIABILITIES. Net unpaid “claims.. . Reserve as required by law. insurance premiums .. aries, | rents. expeniss, . 2,313,805.37 3497041 ess transacted dur- Pire. Ve- Sprinkier Leakage umed *1930; :3388,387.011.00 dur 1,139.580.00 3,910,406.69 3.205 000 64 Pn:ldu':k Mwn me ] h%:! M '-murv. Notary NBIF MHenneain Connts. Minm. i, ion expires January 31, STATEMENT 8; ‘CONDITION Lumbermen’s Mutual Insurance Company of ansfield, Ohio On the 3ist day of December. 1029. a1 Teauired under the Digtrict of oalambl- ended June 30, 1902, Au- st 18, 1901, Cllh !n cfllu 1 nnl enul iort ifirst = ¢ moridaiss 562,187.22 . 1.361,811.00 EiE Turance contract Total assets Net unpaid claims $135.215.00 Reterve as required 25.000.00 Reinsurance premiums 1,289,900.28 Salaries, _ren taxes,’ etc.. 5,000.00' Commissions, 1 s other Burplus Hotders Total nnbnmes Character of business _transacted during the year 1920: Pire, Auto, Earthauake. Tornado, Sprinkler Leak- age, Use and Occupancy. Amount of risk assumed during the vear 1920 -4255.023.784.00 Losses sustained 702,581.49 2,337,170.85 799.69 18.000.00 32,750.00 1,078,742.56 Vi D. P. SMITH, Asst. Secretary. Subscribed and sworn to before me thig 26th day of Pebruary. 1930 Notary Pustic. My commission expires Jan, 28, 1933. Business Interruption Windstorm: STATEMENT OF THE CONDITION OF THE Mutual Fire Insurance Company of Montgomery County, Maryland On the 31st day of Decembe: COP:II ‘Sménded June 30, 1003, and Au: | Fust 18 1911, g .. 31527831 10.000.00 | United Mutual Fire Insurance on the of Decembe: | Feauired under the District o | Code, amended Capital stock, =+ oo E. 1. OAKES, Treasurer Plate Glass————MAircraft Damage————Burglary———Life Never Missed ' a Dividend Never Made an Assessment 15% to 30% Saving on All Forms of Insurance J. Carson Ward Adequate Reserves and Surplus For Protection of Policyholders STATEMENT OPF THE CONDITION STATEMENT OF _;E CONDITION OF THE b Hardware Dealers’ Mutual Fire Insurance Company of Stevens Point, Wis. - On the 3ist Decembe | eauired v s Toe DRt of Cotgm s Code, amended June 30, 1903, and Au- st 18 9L Company of Boston, Mass. 31st da 7, 1929, a5 ‘Columbia June 30, 1002, and Au- gust 18, 1911, ASSETS. Gash fn. office . Cash in ban Real ;u.u mortgages (frst lie, aid up, = ‘.’.’. . 1‘?]100.000400 $471.00 | On the 31st day of December. 1929, as | ame: | sust 18, 1911. STATEMENT OF THE CONDITION OF THE Hardware Mutual Casualty Company of Stevens Point, Wisconsin STATEMENT OF THE CONDITION OF THE Grain Dealers’ Nat. Mutual |Fire' Insurance Company of Indianapolis, Ind. On the 3ist day of December, 3 B DR | gust’ 18, 1911, 4 juired under the District of Colum nded June 30, 1002, and Au- = a—‘m@a_mgmgfi—m AsSETS. Cash in bank ... | Real estate .. s113.841.10 122.096.70 rmnnmu uncollected in hands of agents . Interest due and accrued . ‘Total assets .. Net unpaid claims Reserve as required by Ia Selaries. _ rents, expense: $11,204.00 110,150.89 140.00 s e e e rprdirmtel Y holders .. PPOTTIN ‘Total Hiabilities +$940,730.88 Character of busingss transscted dur. in ‘the yea re and Lightning ttance on the llutull Plan. Amount of risk a; during the year 1930 Logses sustained anrln' the year 1920 Money. rec:l the year 1929 . '”.7“.”.0‘7 95,499.64 231,837.66 175,573.50 . P. D. LEIZEAR, President. ALLAN FARQUHAR. Secretary. Subscribed and swo to before me this 13th day of February, 1030, (Beal) J. J. SBHOEMA Norary Butic. Gash in ofce Shocks "and” bonds "(market value) .. 168,064.46 514,508.50 126.838.43 2901854 8.770.40 2,848,260.33 n of Interest due as All other assets . Net unpaid claims Reserve as required i 95.867.46 1,212:633.54 40,183.64 ete. 7,000.00 Cash’ d:vmends Femaining Surplus . Total labilities 32,848,269.33 Character of business transacted dy ing the year 1920; Pire, Motol hicle, Tornado and Sprinkier Les Amount of risk assumed pluring the year'igf, ..4207,832.207.00 sses sustained during 'n- 'fi 490,640.08 2,008,735.83 . 157419738 ©. E. RINGQUIST, Secretary. Subseribed and sworn to before me this 25th day of February, mn (Sealy JOHN 3, MeLAUOHLIY, My commission expires Feb. 20, 1936. 900.000 A0 100.000.00 | 1,192.784.69 Bills secetvabls 3 of agents Interest due and accr All other assets: Due Teinsuring company. “Total assets . LIABILITIES. Net unpaid claims [Beserve Ctor adi 63,081.24 4.108.11 | ruln-u-unce companies $4.279,131.28 Character of businges transacted dur- & the vear 1939 Pire, Tornado, Mo- m Vemelm gprinikler “Leakage Insur- on the Mutual Plan, ¢ of risk assumed. "::‘:f:,. ‘:n‘{' i';: “1:1“2" $448.780,632.00 Lagses sus “year 100, 1,045,316.99 402543017 the ... 3,3368.262.44 3 uzn, President. thl lh day “! Ji R ‘aloon - et My commission enlreu .Ylll 14, 1934, | 5,770.58 143,737.37 Net unpald clams Reserve as required w l-v 142104870 638.52 Total labilities Character of business transacted dup- ing the fll m tomobile, $934,447.23 3,398,100.45 2,686.994.92 ©O. P. SCHLAFER. President. K. W. PFEFFNER, Secretary. Subscribed and sworn to before me nja 150 G of Sanudes, 1680 i NEIL Notary Public. My commission expires Au. 13, 1933, during P 1.289.901 32 | Real Hllu mortga; (first Tem s s 7321034 Interest due and as All other assets .. Total assets +.$2,509,418.39 LIABILITIES. Net 1d claims . | Reterve us reduired by inv 345.393.08 Salaries, "rents, expenses. 317107 | conusm | All other "itabiiiti ‘Tutal labilities Charagter of business transacted dur- | me ‘he year 1930; Tnsurance Amount of risk assumed er . 30,695,201.00 592,350.61 1,710,101.19 this Bonddas"of x’.?’-?'ufi? EL —_— “flu" m& |m commission expires Jan. 31, 1983 ) OF THE CONDITIO! STATEMENT OF co N Fitchburg Mutual Fire Insurance Company of Fitchburg, Mass. On the 315t day of Deceml Teanired under the District Code. amended June 3t Kkt T8, 1011, ber. 1920, as of Columbia 1902, and . u,gu 18 . 80000 nz 865.14 Reinanrance * peid losses Total assets .. 6,022.81 $889,395.20 LIABILITIES. unpaid claims .. 33450891 T AL s . 10,106.02 EiE a0 aiaea T ( | Habiliti d IS e e 5889,395.20 Characted of _business transacted during " fuional et e =T aabeiy s thin T Gay of Fenruary. 1830 (Beal. AUTER G GRAVAS, STATEMENT OF THE CONDITION OF THE Millers’ Mutual Fire Insurance Ass'n of [llinois, Alton, IIl. On the 31st. day of Dec: Feauired under the mbfuffz'b& “Chamets August 18, 1 $125.00 112,607.10 95,269.66 . 1,605,870.00 129,513.94 22,250.74 1181 Interest due and accrued. All other assets .. Total assets ...........$2,055,748.25 LIABILITIES. Ret unpaid claims .. nmu, m, L lb:m:% ‘Total Nabilities .......$2,085,748.28 Character of Mlllnen during the year 1929: Mu!ul Tornado, Hail and Sprinkler Earthauake, Ay B T B a0 during 532,674.03 1,598,630.63 e 1. . g el e -7 ll:l'“r; wo}nfilflun. 'lflwm e P R A e, Qode. . $fuended "June 1902, and | STATEMENT OF THE CONDITION OF THE National Retailers’ Mutual Insurance Comvany of Chicago, Il On the 31st cember, 1929, as e unac Tne DRI EE of Colamibis Code. smended "June 30, . and | August 18, 191! Capital atock. +++.Mutual Co. £1,425.85 Cash in office . Cash in bank 109.801.98 . 522,250.00 n paid losses Total assets . Total Habilities .........$567,159.97 ter of b d dur- Chzracter of business transacted dur the ¢ Vehicle, ':"-'rmuu-k " Tornado, Bnriakler Leak: Amount of risk as during "':' year mm'a'l‘fdnu 526,600.00 9 "f 256,007.01 Subscribed before me ol B 28 yorn 1o Satore m ROty Pubiic. Hg'eammlnlnn expires September 17, . 133,358.38 7.025.38 | STATEMENT OF THE CONDITION OF THE National Implement Mutual Insurance Company of Owatonna, Minn. On the dst dl{ of Decem rauired u he District of Ool amen Kot oL oalumbf- All other assets .... Total assets . LTABILITIES. Net ynpaid claims. . Reserve as reuulrod by o Reinsurance premiums. 39,7 Salaties, | rent 'h!-l Habilities u sacted dur- e o e antegiod g Premlum ) Aorime :'y(e ':";f :‘ '":; 7.300.071.00 Losses sustained during the 7844782 1,035.864.83 988.829.16 to_ before me this T3tn day"of J';'r’n?-r-“n, 1930. (Seal. SEELER. RRREr Publie, Steels Sounty. aiwn. 1347 commission expires February 18, STATEMENT OF THE CONDITION OF THE Western Millers’ Mutual Fire Insurance Company of Kansas City, Mo. On the 31st day of December, 1 et of Cojambls feauired under the Dl: rigt of olumbia Cash in ban Stocks ' ai lnd * oiidi LIABILITIES. ot unpatd elatma..... Ill!mml:.r ‘contingencies. Total liabilities Charagter of business transacted dur- ing the year 1929: . Earthquake, Ex- Sprini klnrmbnknl Zarthquake, Ex- %, $14,098.139.00 169,552.75 606,972.97 fi”’l»ll o urlmhdy ‘ot PebruATy. (Seal.) 'WILLIAM H. Notary My commission expires April 2, 1983, STATEMENT OF THE CONDITION OF THE Union Mutual Fire Insurance Company of Providence, R. 1. | On the 3ist day of December, 1020, as | required t;: District of Col Code. amend 30, 1903, and Au- | t 3 3 CRN et ndP. M s100.000.00 S hands of ts. Interest due and aceried mnnem O Business transacted dur, lnlll mm: sus! year 1929 .