Evening Star Newspaper, April 5, 1930, Page 13

FINANCIAL. FI‘NANCIAL‘. BANKERS ARRANGE | GONVENTION PLANS SATURDAY, APRIL 5, 1930. e STOCKS IRREGULAR IN PROFIT TAKlNG THE EVENING STAR, 'WASHINGTON, D. C, NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. A—-13 striking gains m.dp earlier in the week ‘This. amount below the had not attracted as an outside i sapare following as had been believed. Amon; tha mxnor incldents were t.he (urt.he Colorado still chnncumemtrol,mdmeummdm' Pullman. TB.EASUBY CEBTIFICATES Shipm lucing coun- tm.-.l elumlted a) with 48,- N AThtes o 47350 Jong ons i ey & shipped during February, March, according to cable advices re- nnd 'I'Sl 52,535 tons exportel ceived by the Rubber Exchange of New \ s o Charter No. 5046, Reserve Distr! . 5. REPORT OF_CONDITION OF L e ents of crude rubber from Brit- the chief ~Prev. 1930.~ High, Low. 43 Stock ana Dividend Rate. 44% Cudany Packing (4). Notice—All stocks are sold in one-hundred share lots excepting those designated by the letter s (658) (283s), Ihlchlhmthmolluhmhlloldhflldhho Iy, Sales— Add 00. High. Low. Close. Cl 1 456% 4b6% 4b% 46 s National Bank 1184 Party in Asheville to Fix Final Details for Annual Meeting. BY EDWARD C. STONE. A delegation of Washington bankers is passing the week end at Asheville, N. C., making final Wrrangements for the bankers’ conventfon to be held at thes resort June 5 to In the party are George O. Vass, general convention chairman; W. Spaid, chairman of the entertainment committee; Robert S. Stunz, chairman of the sports coms mittee. and Luther E. Schreiner, chalr- man of the hotel committee. The party left last night shortly after a meeting of all the convention chairmen at the headquarters in the Becker building. At this meeting re- ports showed marked progress, all com- mittees now having matters well in hand. At Asheville the final arrangements will be made for the golf contests, which are always such a leading afternoon feature of the gathering. Mr. Stunz will return with every detail in his mind about the golf situation. Chairman Schreiner will be thor- oughly acquainted with the hotel and how the comfort of the local bankers can best be attended to, while Mr. Spaid will no doubt scout around to get lines on the best talent that the entertain- ment committee can secure. Local Bank Clearings Reported. Washington bank clearings for the k amounted to $29,841,000, compared with $23,310,000 last week. This, how- ever, was a decrease of 13.2 per cent from the corresponding week in 1929. Conumercial transactions as reflected by check payments during the week ended March 29, were slightly lower than in the preceding week and are still under the 1929 level, according to the weekly review of the Department of Commerce. ‘Total bank clearings at 126 cities fer March were $51,383.015,000, a decrease of 17.7% from March a year ago, as against decreases of 22.2 and 2247 in January d February, according to Bradstreet'’s. New York City clearings totaled $33.765,000,000 in March, a de- crease of 20.2% from March a year ago, but a smaller percentage of loss than in either January or February, when the decreases were, respectively, 27 and 27.6% from like months last year. Outside of New York City at 125 cities, March clearings totaled $17,617.- 957,000, a decrease of 12.5%, ag: t decraases of respect] 1y, in February and January. l"ompared with March, 1928, clearings at all cities were 6.9%. Building Contracts Awarded. According to figures collected by the P. W. Dodge Corporation, contracts George 0. Vass. ~Prev. 1930.~ Stock an High. Low. 854 22 23% 23 Abitibi Power & Pap. Adams Kxpr (1.60) .. Adams Millis (2)..0y % Ahumada .o Alr Reduction (l). Alr Way El Ap(3% Ajax Rubber. Alaska Jun Allegheny Allek Corp pt ¢ Alleg Cp pf ww (5 V.) Allfed Ch & Dye(n6) Allis-Chalmers (3 Am Argicul Ch Df... Am Bank Note pf (3) Am Beet Sugar p! Am Boseh Mag Am Brake Shoe Am Brown Bov Elea. Am Brown B E pt(7) Am Can (4).. Am Chain pf (7). ven Am Com Alco(nl.60) Am European Sec. Am Intornational (3) Am La F & Foamite.. Am La Fr & Foam pf Am Locomotive (8)., Am Mach & Fdy (7). Am M&F DL xw (7)., ‘Am Power & Lt (31) Am Pow & Lt pf (6). AmP&LDLA (3%) Am Ra&Std San 1% . Am Solvents Chem. . Am Stores (2). Am Sugar Rfg (6) Am Sumatra Tob. . e. Am Tel & Ca (6).veen Am Tobacco (B) (8). Am Water Wks (al), Am WooleD..eeenas Am Woolen pf. 5 Am Writ Paper ctfi % Am Zing Ld & Sm. Anaconda Copr (7). Anaconda W&C (3).. 4 Andes Copper (3)..w ) ALl Refining (12)e.e0 Atlas Powder (4)evm Atlas Stores (1). Auburn AuLo (J&).ew Austin Nichols. a Autosoles Corp pf. .. Auto-StSaf RA (3). Aviation Corp Del... Baldwin,Loco (1.76). Baldwin Loco pf (7). Baltimore & Ohio (7) Balto & Oh1o pf (4).. Bang & Aroos (3%4).. Barnet Leather. ... Barnsdall, A (2)eeea 4 36 86 24 18 56 36% 31% 1% 142w 334 2% - 9 NOKREREAEASKKRES " o Sales— Dividend Rate. AG0 00 High. Low. Close. Gioss. 86% 36 1% %1% 4 142 33% 214 % 33% 105% 995, 810% 65% 26% 8 365 86 3 114% Curtis Publish pf(7). 6% Curtiss Wright Corp. 13% Curt Wright Corp A.. 64 Cutler-Hammr(3%). 28% Davison Chem. 117 Deere & Co pf (7) 30% Devoe & R. A (2.40).. 139 20 7 82 15 97 112% Du Pontde N ('I.To 20% Estn Roll mmnn). 8) Dominion Strs (1.20) Drug Corpn (4) 894 Eng Pub Serv (31). £4% Kng Pub Sve Pt (6) e 94}y Eng Pub Svo pt (6%4) 55 Kng Pub S cfs (31).. 50% mrie RR... - 85 lureka Cac Cl (4). 18% Evans Auto Ldg 2%. 34% Fairbanks Morse (3), 7% Fed Motor Tr (80c) 821y Ked WatB, A (e 29 Federated Dept 8 654 P estone T&R(1.60) L0% First NatSts (3% ). $ Kisk Rubber 13 Fisk Kubber 18t pt 125 Fisk Kub 1st pf ev. 421y Florsheim ShueA(3)., $( Fouunsbee Bros (). 60t Koster Wheeler (2) 1o Foundation Co. 469 FourthNatl Inv S5t kreeport, Texas (16) 5% Gabriel Snub A, 69% Gamewell Co (b) 3ty Garduer Motor. . 12 Gen Awer lnvi 99 Gen Am Lnk Car(3s, 494 Gen Asphalt (6) . oo 105 Gen Baking pf (8). 2% Gen pronze (4. 604 Gen Electric (1. 11 Gen Elec 8pec (60C) .. 46!y Gen'l Food Corpn (3) 2 llfl% 264 17 .t 7 50s 2 Diamond Match (8). 3908 a1 1 13% Gen Gas&El A(new). 268 115 4l Genltal Ed w.i. a2.61 46 General Mills (3) 374 Gen Motors (13.30 u7t= Gen Motors pf (7). n Printg Ink(2%). Gen Refrac (14%).. 4% Gen Theat Equip vis 51'2 Gillette Saf Raz(nb). 11t: Glmbel Brother: 31 Glidden Co (h2)... 13 Gobel (Adolf). 574 Gold Dust (23%). 40%s Goodrich B F (4)eees 95% Goodrich pf (7) 62 Goodyear Tire (6).ee 90 Goodyear 1st pf (7) 213 Gotham Silk H (2 74 Gould Coupler. 94 Granam-Pal 51 Granby Coppel 824 Grand Silver Stra (1) 187 Grand Uniod.....eee B Grand Union pf (3).. Granite City Stl (4)a; 323% Grant (W T) (1) 95 Gri North pf (5).. 19% GLNctfsO P (a3%). 1214 Grisby Grunow 5 3813 Guif Mo & North Gen G & 151 pf A (8). 1008 1z o - T e 118 14 18% 87k 40% 122 49% 181 Recent Leaders Are Suh|ect- ed to Realizing Sales at Short Session. BY GEORGE T. HUGHES, Special Dispatch to The Bt NEW YORK, April 5.—Irregularity with a preponderance of declines, but with only isolated cases of weakness iharucwrlmd the week end stock mar- et. ‘The rapid advance and record volume of Friday attracted large-scale realizing. ‘This was the principal influence upon prices and not any change in the busi- ness or financial outlook. Initial transactions showed miked changes from the preceding close. First hour new highs were recorded in Gen= eral Electric, International Harvester, North American and Commonwealth & thern. The movement in all four simply a continuation of that in- itiated in the previous session. Amusement Group. The reaction was greatest in the amusement, stocks. Warner Bros.” Pic- tures, which had been weak on Friday, sold off sharply again today as stop orders were uncovered on the way down. It looked as though the group which has been operating in this stock was willing to stand aside for the present. Sympathetic declines were recorded Paramount-Famous and General Theater Equipment and Radio-Keith, .| another stock which had made a new high Friday, was heavy. Radio itself reacted partially, & not unnatural de- velopment after its recent spectacular advance. U. S. Steel was unable to make progress during this profit-taking period and General Motors, in demand at the start, was in supply. A better showing was made by the ofls, although there were no large gains. Standard of New Jersey was the leader at approximately the best price for the vear and Standard of California, whose 1929 report became available over- night, set a new high as it crossed $70 a share. California Standard’s income last year was slightly better than that of 1928, notwithstanding the difficulties under which the industry on the Pacific Coast labored. Volume Off on Decline. Lower priced oils were steady. The fact is that the prospects of the oil companies_are visibly improving from day to day, an improvement yet to be adequately reflected in the market. Na- tional Supply was ca feature in this part of the list at the best of the year. Earnings on the common for 1929 were $11.48 a share against $9.59 in the pre- ceding v Volume fell off materially from that of Friday, which was a_reassuring de- velopment. It showed that the market s_not_out of and that the REPORT OF _CONDITION OF THE Anacostia Bank Of Anacostia. District of Columbla. close of business on Mgrch 27, 1930, R {0' RCE! at the ,205.312 67 055 1,000.00 The Rigg (Regorted by J. & W. Bellgman & Co,) a S June 36, 1930 - s Septemter 15, s September 18, 10311 . s',n Decomber 15, 1932, 3%28 December 15, 1930.. Off 10012-32 100 14 u ] i%? 9-29-32 100 99 29-32 100 1-32 M.ll‘ch 217, 1930. 1. Loans and discounts 2. Overdrafts ....... 3. United States Government securities nwmd 100 100 3-32 Charter No. 11633, Rzron-t’ QF SONDITI F THE Liberty Na Of Washigton, at the close of busin ank ... . Cash and ‘die’ from’ barks: . Other assets . LIABILITIES. Capital stock paid i §. Bury in the District of Colum) 4. Other bonds, stocks and securities owned Reserve District No. 5. o 7. Real estate owned other than bankiny 8. Reserve with Federal Reserve Bank . 9. Cash and due from banks 10.. Outside checks and other cash items g houses tional Bank ess on March 27, TThs0. ‘Treasurer 14. Other assets 507,682.61 Total .. 518,152.59 15. Capital stock paid in .. 16. Surplus 17. Undivided profits—net 18. Reserves for dividends, contingencies, etc. 232,153.14 218.541.59 341,982.04 1,130.98 34,667,145.42 20. Circulating notes outstanding ..... standing ..... 22. Demand deposits . 23. Time deposrt? $500.000.00 250.000.00 79.915.71 6. Banking houses, $2,489,120.37; furniture and’ fixtures, $458,: 221,13 19. Reserve for interest, taxes and other :xpenses lccru:d and unpn& Of Washington, in the District of Columbia, at the close of business on $32,026,460.68 14,949.52 9 815,158.35 4,642,276.36 2, 547 341.50 506.25 3, 258 321.97 3,042,212.50 255,645.28 50,000.00 56,417.36 11. Redemption fund with U. 8. 'rr:uure'r and due from U.'S. $57,011,289.77 $3, onn 000.00 2,000,000.00 539 796.12 481,579.62 183,898.92 983,080.00 5,190,037.85 217,184,780.68 16,276,668.12 21. Due to banks, including cenmm and cnshiers checks out- . Reserves for interest, iaxes and nmn gxpenses accrued nd unpaid . Die o banks, ircliid Tt ‘fled’ and. cashiers' checks outstanding 173.597.42 { paionds 26,203.16 . Demand deposits . Time deposits 2,163, City of thlnllon. Bistriét of Gopumbl AN, cashier of the apove- n-m -y hlnk do solemnly swear that the ement is true to the best of my Ehowiease and bellet. CALNAN. Cashier. Bubscribed_and “susn o~ belore e this 4th duy of April, 1930 (Seal. EVERETT G. NASH. Notary Public. Correct—Attest: JUDSON T. CULL, Jr., E_J. McQUADE. REPORT OF, CO: OF THE Federal-American National Bank Of Washington, D. C.. at the close of busi- ness on March 27, 1930. $9,065,231.37 23.07 507,527.80 512,166.42 . Ohited sum Govériiméni ks curities owned . Banking house, 31 furniture™ dnd . Real than “hanking house. - with ~ Federal fixtures, estate” . Reserve Re- serve Ban 5 Cash and due from banks.. . Outside checks and oth cash_items Redemption fund with Ui, 8. Treasurer and due from r 816.354.47 1,497.590.95 15,674.50 . Other assets . Total .. LIA gepital stock paid in . Surplu: Una . Re $1.600.000.60 90000000 Vided profits-_iiet 1ves for nterest, {aX er expenses Cried ‘and unpaid . Circulal notes o . Dile-to Banks, inci tified and cashie cutstanding 22. Demand _deposits * 23, Time denosits . 247 United States deposits.. 40.825.77 50,000.00 ing cers checks shier of the above- | Sweas th | above statemen: o The best "ot Enowiedse and beliet CHAS. D. BOYE my | 1,581,523.34 | 2. Overdrafts 648,018.60 | 246,175.98 | 24. United States depoam ,400.00 25. Agreements to repurchase U. §. Government or other securities 158,232.90 6,815.56 Distact ol’ C;glénboh chlty o Wlshingwn, tescsseccencnenness.$57,011,280.77 S8, cashier of the above-named bark, do solemnl; r that the above statement is true to the best of my knowledge and belief. Shaia GEORGE O. VASS, Cashier. Subscribed and sworn to before me this 3rd day of April, 1930. (Seal.) MH DORLSF;‘Y Notary Public, D. C. PR y commission expires July 15, 1932. ROBERT V. FLEMING, JULIUS GARFINCKEL, CHARLES C. GLOVEE, Jr., HENRY P. ERWIN, WM. J. FLATHER, CHAS. H. TOMPKINS, H. B. SPENCER, D. J. CALLAHAN, EDMOND b ReEM. TSAAG . MARN. SA. C. POWELL MINNIGERODE, R Dot [AN] H. ROZIER DULANY, Directors. RESERVE DISTRICT . B REPORT OF CONDITION OF THE o Lincoln National Bank Of Washington, in the District of Columbia, at the close of business on March 27, 1930. RESOURCES. . +.84,587,390.50 . 24186 1711,295.00 848,719.26 364,513.67 241,548.44 347,295.31 647,882.00 23,408.35 6,000.00 687.47 CHARTER NO. 4247. . Loans and discounts. . United States Government secu . Other bonds, stocks and securities owned . Banking houses, $341,687.36; furniture and fixtures, $22,826.31. . Real estate owned other than banking houses . . Reserve with Federal Reserve Bank . Cash and due from banks. Outside checks and other cash items. . . Redemption fund with U. S. Trenmrer and due from U. S. ‘Treasurer ....... . Other assets ... Total. ceernens LIABILITIES. 15. Capital stock paid in. . . Surplus : Undivided profits—net . 3 19. Reserves for interest, taxes and other expenses accrued and $400,000.00 400,000.00 317,579.48 15,000.00 120,000.00 249,720.34 . Circulating notes outstanding . Due to banks, including certified and cashiers' checks outstanding . Demand deposits . + 2,465,493.15 Time deposits . « 3,551,734.73 United States deposi!s.. . 46,175.46 Other liabilities 213,278.70 57178.981.88 ‘31 wreticleeharulanScarnon awarded for construction work in the fifth reserve district in February this year totaled $28.707.070, including both Beacon Oil....ueese Beatrice Cream (4).. Bendix Aviation (2). 51 Gulf Sta Steel (4). 9812 Gulf StSul1st pf(?) 1008 125 Hann Dept Stores. stocks ‘and se- . | ned 110317.75 | | Subscribed and eworn to before e This AS. A. SOPER “cashier of the above-named bank, do solemnly swear that urban and rural construction, a lower total than $34.251,706 in contracts awarded in February, 1929, but a larger amount_than awards totaling $22.301,- 238 in February, 1 Of the February, 1930, contracts, $7,854,565 was for res dential structures, compared with $9.- 104,771 for residence work in February last year. Plans are being made for a considerable volume of construction work in the fifth district and the out~ look for work during the next few months appears better now than at this time last year, the Reserve Bank of Richmond asserts. Pennsy Makes Record Showing. Pennsylvania Railroad’s record show- ing for year ended December 31, 1929, ‘with net income of $101,378,518, equal to $8.82 a share on 11,495,128 shares out- standing at end of year, against net in- come of $82,507,613, or $7.35 a share on 11,233,479 shares, at end of 1928, was partly the result of greater operating efficiency during the year. Operating ratio of the Pennsylvania Regional Sys- tem for 1929 was 72.2 per cent and marked the ninth consecutive year to show a decrease. It was lower than any year sinc¢ 1916, when it amounted to 70.92 per cent. With exception of 1916 and a ratio of 71.90 per cent in 1915, the ratio for 1929 was the lowest for the past 20 years. Of equal interest is the fact that transportation ratio in 1929 was the lowest in 20 years, even bettering the halghly satisfactory marks in 1916 and Joins Broker Office Staff. John D. Mothershed, formerly with Mackubin, Goodrich & Co., is now as- soclated with the Washington office of Fener & Beane, members of the New York Stock Exchange, according to John J. McLean, resident manager. Mothershed has been in Washington since 1917. He is a former newspaper man, having been associated with_ the New York Journal of Commerce. He is (‘:l n;:mber of the Press and Racquet lubs. Slower Market Held Likely. According to the current issue of a review issued by E. A. Pierce & Co., with Jocal offices in the Transportation Building, the present stock market logically cannot be expected to run far ahead of actual business prospects. The advance since the first of the year would seem to have discounted rather generously the small lmprmemem in trade recently noted, as wcZ’ as reflect- ing the anticipation of acceleration in activity during the second quarter, the article says. Financial District Gleanings. Much regret is heard in the financial district over the resignation of Ord Preston as president of the Washington Gas Light Co., which action was brought about by the change in control of the company to outside interests. A former director said today that.he believed Mr. Preston had made the bsst president the company ever had. The F. W. Woolworth Co. reports March sales of $22,482,271, against $24,524,962 in March, 1929. For the first three months sales are not far be- hind last year, being $60,921,865, against $61,560,348 a year ago. Reporu are current that if Congress lpproveA the consolidation of the Wash- ington and Georgetown Gas Light Cos the management will cut the price of gas 10 per cent, so that gas may more su::ccssfully compete Witts Tael ol ano coal in house heating. NOTABLE RECOVERIES IN STOCKS ARE LISTED Ten utility stocks, which sold as low as $2,892,586,000 on November 13, and no h\gher than $5,956,189,000 at the end of August, were appraised at $5,142,- 178,000 at the end of March. The five steels which sold as low as $1,732,352,- 000 in November had recovered to $2,- 349,509,000 at the end of March. ther notable recoveries since last November are '.he rise in five electrical manufacturing stocks from $1,630,596,-~ 000 to §3, 1!5.149 000; the lppnclluon in five chemicals from $1,13,319 000 to $1,679.238,000, and the five amusement issues from $461, ADB- 0(.‘0 to $949,914,000. The merchlndlsm tocks have recovered very moderntely tmm $1,309,187,000 on-November 13 to $1,426,984,000 at the end of March. Baldwin Locomotive Works received an order from the Erie Railroad for 10. Best & Co (2)... Bethlehem Steel (6). Bethlenem St pf (7). Bohn Al & Brass (3). Bon Am1A (4)..00s Booth Fisherie: Booth Fish 1st pi Borden Co (k3). » Borg Warner (4) Botany Con M (A) Brigss MIg..cco0eee Rriggs&Stratton (2) British Empire Steel. British Em Stl 2d pf. Brockway M T.. Bklyn-Manhat (4)... Bklyn-Man Tr pf (6) Brooklyn & Queens. . Bklyn Union Gas (6) Brown Shoe Co (3) .. Brune-Balk-Col....e Bruns V'er & Ry Bucyrus Erle (1). Bucyruscv pf (2%). Bucyrus pt (7). Budd (E G) Co Budd Wheel (1) Buff R & P (4) Buff & Susque. Buft & Susque ctfs.. Bullard Co (1.60). Bulova Watch (3) Burns Bros A (8)..s Burns Bros B. Burr Add Mach (1 Bush Termnl (2% Butte Copper & Zine Byers (A M) Calif Packing (4. Calumet & Ariz (6).. Calumet&Hec(as ). Campbell Wyant (2). Canada Dry G A (5). Canadian Pac (10)... Caterpilir Trac "‘L. Celotex (3) Celotex pf Cerro de Pasco (6).. Certain-teed Prod Checker Cab (4.20). Ches & Oh10 (10)...0 Chesapeake Corp (3) Chi & Alton. Chi & Alton pf 2 ‘Chi Mill St P&Pac Chi Mill St P&Pac Chicago & N W (6) Chi Pneu Tool. . Chi R 1& Pac pf (6). Chi R | & Pac pf (7). Childs Co 12.40). ... Chrysler Corp (3)... City tce & F (k3 60). City Ice & F pf (6%) City Stores (50¢).... Clark kiquipment (3) Clueti Peabody (6) Coca-Cola (6).... Collins & Alkman. Col Gas & K1 pt A (8) Columblan Carb (16) Com Credit (2)..... Comm Credit A (3).. Com Crd 1st pf (8%) Coml InvTr (g1.60). Com Inv Trst war..: Comm Solvents (11). Comwlth&Sou60e) Comm & Sou pf Congoleum-Nairn. Consol Cigar (7).... Con Cgr pr pf x wi'A Consol Gas N Y (4).. Consol Gas NY pf(5) Consol RR Cub pf(8) Consol Textile. . Container Cor ABLI Crucible Steel (k6). . Cuba Cane Products. Cuba Cane Sugar.... 4 ‘Cuba Cane Sugar pf. 17% engines and five extra tenders, © o ereleeeonelune "o e e Sl e e e RO o P A » P =FUS - PUSTRE TP PRSI e - Py e - - © [ M= ST PR TR - o NP City Invest (10)..... 1 Columb Graph (87¢) 1500 P Consol Cgr pr pf 6%, 2 85 Hanna pf (new) (7). 2016 Hartman A (2)...ees 134 Hartman Corp B 1.20 64 Hayes Body... Hershey Choe (6).... ¥31% Hershey Choc pf(16) Lioe (R) & Co. Holland Fur Homestake Min(17) « Houdatile Her B (2). H’hold Fin pf (13%). 524 Houston Oll......ew 35% Howe Sound (14%).. 46% Hud&Man Ry (3.50). 53% Hudson Motor (6)... 20% Hupp Motor Car (2). 128 Illinots Central (7)., 20% Independ O1l & G (3) 5 Ind Motor Cycl 17% lndian Refning 16 Indian Refining ct... 90 Indus Ray(b5%stk). 154% Ingersoll Rand (4).. 26l laspiration u) 13% lnsurance 20 Interboro R-n Trun., 24 interlake Iron (1) _4% Lntl Agricultural 14 Intl Agri bs Intl Bus Mach (; 16% Intl Carriers. 454 Inu Cement (4). 5 intCombustion. 30 inter Comb Eng pf.u s Intl Harvester (2%) Int Hydro E1 A (e2). Lntl Mateh pf (4)..e3 25 Intl Mer Marine (1)= 31% Int Nickel of Can (1) Intl Pap & P A(2.40). intl Pap & Pwr C. . 46/ Intl Printing lnk 93'2 Intl Print Ink pf un 61% Int Rys.Cen A pf(b). 25% Intl RysCatAet.... 69 Lot Salt (6).. . 57 Intl Shoe (3) 100 Intl SHver (18).c.ce 62% Int Tel & Teleg (2)., 23 Intertype Corp (2).. 19 Investors Equity(2). 881 Island Creek Coal(4) 43 Jewel Tea (4) 117 Johns-Manvi 118% Jones & Laugh Dfl” 2 Jordan Motor Car... 67t Kan City Sou pt (4). 34 Kayser Jullus (4)..0 3% Keily-Spring Tir 221 Kelsey Hayes (2)..e 7% Kelvinator Corp. 54% Kennecett (5). 49 Kimberly-Clanki 20 Kinney GR (1). 86% Kinney (G R) pf 1% Kolster Radio.. 38% Kraft PhCh (1%)... 30% Kresze(SS)Co(1.60) 23% Kreuger&Toll (1.34) 57 Kroger Gr&Bak(nl). 97 Lambert Co (8)..... £ Lehman Corporation 29% Lehn & Fink (3) 19% Libbey Owens (1)... 91% Liggett&Myrs B(16) o e Locomotive. .. Loew'a. Ino ). 3% Lot In 50% Loose-Wiles (13.70)- 16% Lorillard (P) Co.. 128 Loulsé& Nash (7).... 381 LouG&EIA (1%).. 32% Ludium Steel (2).... 28 McAndrews&F 12.85. 35 McGraw-Hill (2)... 61 McKeespt T P(14%) 25% McKesson & Rob (2) 41% McKes & Rb pf(3%). 70 Mack Trucks (6).... 11% Madison Sa G (1%). 45 Magma Copper (6).. 23 Manati Sugar pf 257 Man klec Supply. ... 30% Man Klev mod (d5). 20% Man Shirt (2)... 5% Maracaibo Oil Exp.. 20% Marmon Motor (2).. 37% Mathieson Alkill (3). 164 Maytag Co (12)....0 29% Maytag Co pf (3). 76 Maytag Co 1st pf(6). 26% Melville Shoe (2). 154 Mengel Company 16 Mexican Seaboard 26% MiamiCopper (4)... 53 Michlgan Steel (23%) 23% Mid-Cont Pet (2). % Middle States Oil et. 37 - Midland Steel (3).... 3% Miller Rubber...... 103 Mil El Ry&Lt pf(6), 61 Mino Hon Reg(13%) 12% Minn Moline Pwr. 1% Minn & St Louls, 46% Mo Kan & Texas. 103 Mo Kan & Tex pf(7). 87 Missouri Pacific. 134 . Missouri Pac pf (')u 50 " - TR O AR R T e K G O - ceo 2 5 o 2 & T HuaNGEa IS HGGR =3 30 » - - - = o 3 QuorFrocleclonnnnnonir 1 94 9 140 s 63% 94% 159% gt e bl (Cantiniied on Fage 4. 104,610.81 41.426.21 11916406 £1,562.217.05 K paid in 50.000 01 deposiis” . Rime deposits - ue to the best of my KOONTZ. Cashier. 2 to before me this ist A TER S. HARTMAN, Notary lic. F'Eorvect—Ates ) yricp OTTERBACK, GEO. 8. KING. REPORT Chevy Chase Savings Bank Washinston, in District of Columbie, the close of bu: on March 27, 1930 . Loans and d Overdrafts . Dhited States (mwvumem . $503,540.07 80.68 1,012.19 225,045.60 . Cash and dué {fom Bank: Gliside checks ~ and othef cash item: LIABILITIES. ital stock paid in. . $100.000.00 Gapial stock pa L - Dhdivided piois i 22.7 . Reserves for dividends, cori= tingencies, etc . . Reserves for interest, faxes and other expenses acc and unpaid . Due to banks e ¥ined and cashiers outstanding . Demand deposiis . ! Time depasits ! Bills pavable and . Other liabilities 3,589.06 2,475.00 ni] K T 100mm ciyof Wn"\mtton District of Columbla, ex. 7R i, cashier of the above- named Fank, o solemnly Swear that the above <1n\cm'&n:‘ £ 4Fie fo the best of my Bd bel! S idokoke 'thra TROTH, Cashler. Subscrined and sworn to before me (hls Tny of Apri.. 1030 15igeal)* APTGHARLES G. HUBBARD. & Notary Publie. Correct—Attest: Clyde D. Garrett, Frederic Ernest Qorde Di Ganred ington v-,.'\'fi”sx'ifmn Ben T, Webster, Jos E 3 Murphy 3 ohn C. Walker, oot Given Valker s, REPORT OF _CONDITION OF THE Security Savings and Commercial Bank Washington, in the District of Columba, o Sectiove o business on March 27, 1930 5,018,880.46 209.32 96,703.22 573,060.56 428,163.37 27.607.06 n . Cash and mu fmm banks. 510.917.74 ks and ot 435.61 2.694 14 $6.658,701.08 . $300,000.00 * "200.000.00 79,599.94 271,712.42 and u % z . Die o banks, ‘s tified and Cashiers' chukl outstanting 7. Demand depostid ! 4 osits 3 T ke Total . hingion. District of Columbla, ss.: ol QNoEL °fi°“nnm.sm° Cashier of the lbn'?-l’llm!fl bank, do solemnly swear that R above statement s (rie o tho best of e el s SAMUSL R. BAU LSIR, Cashier. Subseribed, and sworn to before me this 13 =) (“B!d")n Imrl CINT P. BOUDI Noass Bunile. Correct—Attegt: 12.768.89 ol7m012 810, .73 GRO! mu-on mmfimn. 6. SoBison, I, T Directors. n‘p Wailer & Brown, | Geo. E_Walker, Harry King, Leon Tobriner, Dol 4 | Win. Knowles ' Cooper, W, 2 Hiin. SwARTZELL, RHEEM & HENSEY CO. “Public. G. Galliher, u:.-; A Barr, Fred S. Gichner, (Seal.) | Correct—Attest: JOHN F. BRAWNER, FLOYD E. DAVIS, ALBERT S. GATLEY, HELENA *Crowiey, W. F. Brenizer. Wilton_J. Lambert, Liovd B wilson, Directors. THIS WEEK we be- gin our 62d year of financial service to the people of Washington. Behind us stands this record: —*“Sixty-one Years without a Loss in Inter- est or Principal to Any Investor.” —We are taking stock today of what this policy—the safeguard- ing FIRST of our clients’ interest and prin¢ipal—has done . . « —1It has built for hundreds of investors who started with a modest $100 First Mortgage Note, a steadily growing, unshaka- ble fund to fall back on in time of stress. .. —TIt has given every client a safe, worry-free income of 6 per cent per annum, an iricome which he always receives exactly on the day it is due—regardless of the ups and downs of speculative stocks in Wall Street ... —Tt has been the firm foundation on which many men have built successfully their plan for future independence of earned salary. . . . Today these men are letting their savings, invested in the 6% First Mortgage Notes we offer, work and earn for them. With this record of achievement, we start our 62nd year. 4 MORTGAGE BANKERS 727 15 STREET N.W./ WASHINGTON D.C. 3 TO] H. T. OFE'I'ERDXSGER | the abo\e statement is true to the best of my knowledge and belief. JAS. A. SOPER, Cashier, Subscribed and sworn to before me this 3rd day of April, 1930. D. REED, Notary Public. G. C. PUMPHREY, irectors. ot untailing returns to EVERY INVESTOR