Evening Star Newspaper, July 11, 1930, Page 13

B e B R s 23 LY XY, 1836 FINANCIAL NDITION ANACO‘&’TTE?A BANK t Ancostin, Districs ot Colurzh“;t the Commercial National Bank June 30, Of Washington, in the District of Columbia, at the close of business on June 30, 1930. STAR, WASHINGTON, D. C.. FRIDAY. BUSINESS QUTLOOK| [ NEW YORK STOCK EXCHANGE | [STOCK MARKET HIT BY PROFIT TAKING Notice—All stoc hundred-share_lots HERE Is IMPRUWNE excepting those de-rl.n:t':d-h'y‘ e ioemr s (650) (2880) which shows those stocks to be -fl in odd lots only. ~Frev.1930— Stock and High. Low. Dividend Rate. THE EVENING " Charter No. 7446, Reterve District No. 8 R!PO‘RT or‘common SOURC] Loans and disconmns Overdrafts ..... . United . States’ securities owne ;":v.lm a - II.i!'!.:;; ;: sh. Low, Dividend Rate. ASd 96, Hich. v : % 91, Fefl Lt& Tracpf (6) 10s 951 Government 30 Fed WatS A (e2.40). 7 34y : Firestone T&R(1.60) 204 2 20' 1,000.00 Loans and discounts 103.409.01 Second Half of 1930 Is Like- ly to Better First, Local Bankers Believe. BY EDWARD C. STONE. Business in Washington during the 1ast half of 1930 should show improve- ment, the outlook being considered more favorable than in the first six months of the year. At least such'is the belief of some of Washington's best known and most conservative bankers. “The situation 15 hopeful,” as one banker puts it. Nobody predicts any sweeping up- turn in the near future, but confidence is expressed in banking circles that the trend will be steadily upward. Futhermore, conditions in the Capital are expected to continue to be more favorable than in most other large cities in the country.. This asseriion is, of course, based on the steady Gov- ernment pay roll. Robert V. Fleming, president of the Riggs National Bank, is one of the local banking leaders who looks for im- Pprovement “With the passage of the District appropriations bill.” he said toda; city has $3,000.000 more than last year to ‘expend. While the expenditure of this money is, of course, of no startling fmportance, vet it will be helpful in the present situation. It is a construc- tive factor. Building Here Helps. “Continuance of the Government's big building program will further help to improve conditions in the Capital. Mr. Fleming added. “This factor, ho ever, is overestimated in its value by many residents of the city. So many of the contracts and even sub-contracts have been let to firms outside of Washington that the benefit of some of this construction work is more indirect than direct. “Projects like the one now being started by the Potomac Electric Power Co. will be beneficial to Washington later in the vear. The erection of & new office building and much other work will involve the spending of sev- eral millions. The work will be well under way by October and should have its effect in helping out the business situation here. “Reports also indicate a slight im- provement in the real estate situation. Any real turn for the better in real estate will mean a great deal to the business and financial interests of the ‘And so far as the banking situation “ 4s concerned,” Mr. Fleming concluded. “I believe that the Washington banks are better managed now than they ever have been. The bankers here are dis- playing remarkable co-operation in working out their eommon problems.” Lanston Votes Two Dividends. ‘The_ directors of the Lanston Mono- type Machine Co. declared the usual extra dividend of 25 cents per share and_the regular quarterly dividend of $1.75 a share at a meeting in Philadel- phia yesterday, Chairman J. Thilman Hendrick, presiding. Both dividends are payable August 30 to stock of record August 20. It was announced at the meeting that for the first four months of the present fiscal year sales decreased only $28,000. Orders on hand, but not shipped, up to June 30, are said to have been gufficient to warrant the statement that business ‘was really on a par with last year. It will be recalled that the annual report showed that the company earned $14.37 a share last year, against $13,38 & share in the previous fiscal year. The company’s stock is listed on the Wash- ington Exchange and is very widely held here. Credit Bureau Head' Selected. Mrs Mariorie Tucker, for many years connected with one of the local banks, nas been selected as manager of the District Barkers' Association Credit Bu- Teau. ‘This action was taken by the council of administration which followed the recomniendations of the association’s Crecit Bureau Committee, of which C. F. Jacobsen cashier of the National Metropolitan Bank, is chairman. At the Asheville convention it was voted to secure a special manager for the bureau, ard relieve Miss Grace M. Bromley, assistant secretary, of the ad- ditional duties. It was stated that the secr al work of the association was 100 much for one person to handle. Mrs. Tucker's long experience in the banking field is considered to make her especially well fitted to '.tke charge of the bureau. Potomac Eleciric in Demand. Potomac Electric Power 5'; per cent eferred came to the front on the ashiugton Stock Exchange today. During the session 211 shares changed hands, all transfers being made at 108. District National Bank stock sold at 213, Lanston at 115, Merchants’ Trans- fer & Storage common at 103'%, and 50 shares of Carpel Corporation at Phivg Merchants’ Transfer & Storage pre- ferred sold at 96. Steamboat rights again registered 16. Bond trading was confined to Wash- ington Gas 5s, series A and B 6s, Capi- tal Traction 5s and Chesapeake & Por tomac Telephone &f Virginia 5s, recent prices prevailing. Heard in Financial District. The directors of the International Exchange Bank yesterday declared the regular semi-annual dividend of 3 per cent, payable to stockholders of record on_Jjune 30. The Treasury’s offer of $50,000,000 notes has been oversubscribed, reports today state. The Treasury bills will be Cated July 14 and mature September | 15, 1930, Officers of the Acacia Mutal Life As- sociation report that June saw the amount of insurance in force reach the new total of $352,000,000. Business in the first six months of the year reached $35,500,000, which is in excess of the corresponding period in 1929, ‘The monthly bulletin of the District Bankers' Association was expected to appear late this afternoon. This is the first number issued under the new ad- ministration. STOCKS DROP IN JUNE Decline for Month Put at $11,126,- 428,224, Exchange Reports. @pecial Dispatch to The Sta: NEW YORK, July 11.—The monthly stock market values compilation of the New York Stock Exchange today shows stocks in June declined $11,126,428,224, against $25,350,000,000 last October and $8.134,000,000 in November, 1929, Meanwhile, the ratio of stock exchange members’ 'loans to the fotal market value of all listed stocks dropped dur- ing June from 6.33 to 5.88 per cent, & new low. Only a year ago the ratio was 9.15 per cent. REPUBLIC TRUST SHARES. NEW YORK, July 11 (#).—Organiza- tion was announced today of Republic Trust Shares, series A, a fixed invest- Bent trust, by Republic Shares Corpo. #ation of Chicago, 1o deal exclusively in eommon stocks of 25 Standard Oil com- panies and companies controlled by them. The trust will run 15 years, and each unit will comprise 170 shares of common stock of Standard Oil or lmu- ated companies, and each trust share, series A, will repruenf. . 1/1,000th interest in this unit. APPALACHIAN GAS. NEW YORK, July 11 (#).—Stock- holders of the Appalachian Gas Co. will meet July 21 to vote on a proposal to . #uthorize 500,000 preferred shares, for issuance as the directors may propose. 22 Abitibi Pwr & Paper. 42 Abraham Strauss, 21% Adams Exp (1.60 23 Adams Millis (3) 8 Advance Rumley. 1% Ahum: 103! Alr Reduction (3), 16 Afr Way T) Ap(234). 1 Ajax Rubbe 4'% Alaska Juneau. 18 Allegheny Corp.., 87 AllegCp w330 whi4 232 Allled Ch & Dyen§). 4814 Allis-Chalmers (3) 18 Amerada Corp (2). 20 Amal Leather pf. 23 Am Agricul Ch pf.... 68 Am Bank Note (43). Auou Hish. Low. Prev, Close. Close. TR b 11% 108% 18 174 61 Am Bank Note pf (3)110s 41% Am Brake Shoe(2.40) £% Am Brown Bov Elec. 60's Am Brewn B E pf(7) 1081, Am Can (4).. 42 Am Car & Fay (6). 95 Am Car & Fdv pf(7). 26% Am Chicle (t2%) 9% Am Comm Alcohol. $3'x Am European Secur. 564 Am & Forn Power. .. 1061 Am & For Pwr pf(7). 19% Am Hawalian (110). 31 Am Ice (14). 28% Am Internat) (2). 1% Am La Fr & Foamite 41 Am Locomotive (4).. 915 Am Mach & Metals. 30'% Am Metal (3), 2% Am Pwr & Lt (31).. &0 Am P&Lt pf A st(5). 99 Am Pwr & Lt pf (6). 23% Am Ra&Std San 1%. 48 Am Rolling Mill(n2) 5:-, Am Safety Razor(5). Am Ship & Com. ... 4('\‘- Am Shipbullding (5) 53 Am Sm & Ref (4)... 133 AmSm & Ref of (7) 38 Am Snuff (13%) 6% Am Solv & Chem 20 Am Sol&Ch ev nl‘l!). 354 Am Steel Fdy (3). 47 Am Sugar Ref (5) 9% Am t:umnr- Tob. oy Am Tobacco B (8) Am Water Wks (n1). 714 Am Wo 614 AmZine Ld & Sm. ... 442 Anaconda Cop (3%).. 74% Armour of Del pf(7). 4% Armour of Il (A)..w 2% Armour of Il (B). .. 55 Armour of 11l nf (7). Asso Dry G (2%). 31% Asso Appl Ind (4) 4194 AtchTo& S Fe (1 < Atch To & SF pf (5) . 49% Atl Gulf & W Ind(1). ' Atl Refining (12). 2515 AtlasStores (nl). 91 Auburn Auto (§4). 37 Auto-Strop Saf R(3) 4% Aviation Corp of Dal 195 Baldwin Loco (1%). 104'% Baldwin Loco pt N 9814 Balto & Ohio (7).. 784 Balto & Ohfo pf (4 107 Bamberger pf (6%4). 13% Barker Bros (2) 20% Barnsdall. A (2) 5% Bethlehem Steel (). 122% Bethlehem St pf (7) 31 Blaw-Knox (1%)... 28% Bohn Al & Bra 604 Borden Co (k3). 23% Borg Warner (3). 79 Boston & Maine (4). 13% Briggs Mfe Co. . 21 Briggs & Strat (2) 68% Bklyn-Mannat (4) 115 Bklyn Union Gas ( 37% Brown Shoe (3 134 Bruns-Balk-Col. ‘5% Bruns Ter & Ry §... 19' Bucyrus (1)... 334 Buevruscv pf (234). 7% Budd (EG) (1). ‘v Budd Wheel (1 29% Burr Add Mch (1)... 29% Bush Termnl (2%).. 109% Bush T Bld pf (7). 28 708 6 ¥ 53 105% 12 6 36 108 o 20. 0 3 «110s 115 49 Bush Termdeb (7).. 20! 100% 2% Butte Superior...... 661 Byers (A M) . 62 Calif Packing (4).... 48% Calumet & Ariz (2).. 13 Calumer&Hec(al3). 56 Cai Dry G A «b). 184% Canadian Pacific(10) 45% Can Pacific(new)w.L 20 Cannon Mills (1.60).. 156% Case (J 1) (8). 64 Caterpillar Trac t3% 19% Celanese Corp...... 9 Celotex Co.... 231 Cent Aguirre As 134, 3% Century Rib Mills. Certain-teed pf. 20% Checker Cab (4.20).. 171 Ches & Ohio (10)..,. 51% Ches & Ohto Corp (3) 4’3 Chi & Alton p . 815 Chi Great Western, . 27 Chi Great Westn pf. 12% Chi Mil StP & Pae. .. .20% Chi M1l StP & Pac pf. 66 Chicago& N W (5)... 11% Chi Pneu Tool. . 40 ChiPneu T of (3%).. 20 Chickasah Cotton Ofl 49% Childs Co (2.40) 24 Chrysler Corp (3) 38 City Ice&F (k3.60 85 City Ice&Fuel 6% City Stores (5! 50 Colgate-! 14% Collins & Afkman. .. 12% Colonial Beacon 36'% Col Fuel & Iron (2). 65 Colo & Sou 24 pf (4) . 5814 Col Bl 2 104% Col Gas & EI ntA(l) 15% Colum Graph (a28c). 108 ~ Columbian Carb (16) 23% Comm Credit (2).... 2 8% 63% % 21% 22 4 172% 172% 0% 10% % 37 151% 11 20- i % 1 1075 1n7- 44 16% 16% 15 124% 125% 5 22% Comm Cred pf (1%).100s 28 Comm Inv Tr(g1.60) 20'% Comm Solvents (31). 12% Comwlth & Sou(60¢) 99 Cmwith & Sou pf () 10% Congoleum-Nairn. 36 Consol Cigars (5 67 Consol Cgr pr pt s’/;. 16% Consol Film (2)..... 99'% Consol G N! pru) Consol Textile...,.. Container(A) (1.20). Container(B).. Contl Baking (A) Contl Baking (B Contl Baking pf (8) . Contl Can (2%).. Contl Diamond (2 Contl In; (2.40) % Contl Motors Contl O1) of Cont) Shares (1) Corn Prod Ref (143 ) Coty. Ine Cream of W l(VZ ‘/.). Crex Carpe Crosley Radio Crown Zellerbach (1) 4 Cruocible Steel (k§).. Cruecible Steel pf (7). ' Cudahy Packing (4). 11474 Curtis Publish pf(7) 614 Curtiss Wright Corp 8% Curt Wright Corp A. 565 Cutler-Hammer(3%4) 24% Davison Chemical Deere & Co pf (1.40). Del Lack & Wn (17). Denver & RG W pf.. Diamond Match (8).. Dome Mines (1)..... Dom Stores (31.20) .. Drug Co Du Pont de N ('L'I') Eastman Kodak (18) % Eaton Axle &8 (3)., Eitington-Schild pt. Eleo Storage Bat (5! Eng Pub Serv (2.40). Equit one. Bldl 3. Erl, Evans Auw Loading. 34% Fairbanks Morse (3), 58 Gillette Saf Raz(nb); 194 69% 1 81 87 3 12 108 16 3 204 1074 1073 109% 102% 102% 1021 % % 12 123 4% 4 241 ‘ 7615 8, 19 2914 16% 11% 12% 8% 15 3 37 6615 6715 3 Firestone TRRpf(6) 1 First Nat Strs (3%). 7 Fisk Rubber. ... Freeport. Tex (16). . Gabriel Snuh(A)an 4 Gardnef Motor....., 1 Gen Am Tnk Car(34) 19 Gen Asphalt (4) Gen Bronze (2). Gen Cable. . Gen Cable pf (7).4.+ Gen Cigar pf (7). Gen Electrie (1. 880 Gen Elec spec (60¢) 7 Gen Food Corp (3).., 73 Gen Gas&El A(e30). 12 Gen Ital Eds (a Gen Mills (3). Gen Miils pf (6).. Gen Motors (13.30 Gen Motors pf wi 7's Gen Motors pf (7) Gen Outdoor Adv, Gen Out Adv(A) (4). Gen PublicSve (b6).. Gen Ry Signal (5) Gen Realty & Util. .. Gen RIity&Ut pf (e6). Gen Refractor(t43%) Gen Steel Cast pf (6) Gen Theat Equip vte Glidden Co (2) . Gobel (Adolf). Gold Dust (234)..... Goodrich (B F) (4). Goodyear Tire (5)... Gotham Silk Hoslery Grabam-Paige...... & Granby Con Min (3). 12 Grand Unton. .... 2 Grand Unlon pf (3). Grant (WT) (1).... 3 Gr Norctfs Ore (a% . 22 Grt West Sug(1.40). Grt West Sug pf (7) 210s Grigsby Grunow.... 136 Gulf Mobile & North 1 Hahn Dept Stores. .. Hahn Dept S pf(6%) Hayes Body... Hershey Choe (5). Hershey Choc pf(+5) Holland Fur (ofl!fl). Hollander Sons. « Tomestake Min (17 - 113% 19% 4% Houdaille-H (B)1.20 Houston 0il (b10% ) Howe Sound (14%). Hud&Man Ry (3.60). Hudson Motor (5)... Hupp Motor Car (2). Illinots Central (7).. Independ O11 & G(2). Ind Motor Cycle. Indian Refining. Indian Refining r Ingersoli-Rand (15) Inspiration Cop (2). Insur ctfs(Md) (R0c) Intérboro Rap Tran. Intercontl Rubber 4 Tntl Agricultura Intl Bus Mach tné).. Int] Carriers, Ltd %. i Intl Cement (4)..... Intl Combustion. ... Intl Comb Eng of ... Int Combust pf ctfs. intl Harvester (234). Intl Harvester pf(7). Intl Hydro El A (e2) Tntl Match pf (4). Intl Mer Marine (1 Intl Nick] of Can(1), Intl Pap & P (A)2.40. Intl Pap & Pwr (C)., Intl Pap&Pwr of (1), Intl Printing Ink (3) Intl Ptg Ink ctfs (3). Tatl Salt (new) 4 Intl Tel & Teleg (2) Inter Dept Strs (2).., Investors Equity(2). Jewel Tea (14). Johns-Manvill Kan City Son (5) Karstadt (R) (1.03) Kelly-Spring Tire Kelly-Spring 8% pf. Kelsey Hayes (2). Kelvinator Corp Kennecott Cop (3) Kolster Radlo. . Kruguu»cux 60) Kresge (SS) pf (7)., 6[); Kresgze Dept Store: 4« Kreuger & Toll 1.60.. Kroger Gr&Rak(n1), Lambert Co (8) . Lee Rubber & Ti; Lehigh Valley Coal.. Lehman Corp (8)... Lehn & Fink (3).... Liggett & Myers(t5) Ligg & Myers B(15). Link Belt (2.60).. 4 Liquid Carbonio (4) - Loew’s, Ine (3)..... Loft. Ine.... 4 Loose-Wiles (12.80). Loose-Wiles 1st (7). 50s Lorillard (P) Co.. Louisiana Ofl. Lou G & EI(A) (1%) Louts & Nash (7) Ludlum Steel (2). McKeespt T Pl (15).. McKesson & Rob (2), McLellan Stores. . Mack Trucks (6).... Macy (RH)&Co(nt3) Madison Sa G (1%).. Magma Copper (4).. Maliison & Co. ¢ Manati Sugar, 4 Maytag Co pf (3). 4 Mengel Co pt (7). % Midland Steel (3). .. 4 Missourl Pac pt (5) e Manati Sugar pf Man Elev mod g (d5) Marmon Mot (h50c).. Mathieson Alkil) (2) Dept Strs (n2) Maytag Co (12). Melville Shoe (2). Mengel Co (2). Metro-Gold pt(1.89). Mexican Seaboard .. Miami Copper (1%) ., Michigan Stl (h234) .. Mid-Cont Petm (2).. Middle States Ofl ct.s 2 Midland Steel pf (8). Minn Hon Reg(13%) Minn Moline Pwr. Mo Kan & Tex (1) Mo Kan & Tex pf(7 Missouri Pacific. . Mohawk Carpe Montgom Ward (3)., Morrell & Co (4.40).. Mother Lode (20¢). .y Motor Meter G & El.. Motor Products (l).- Mullins Mfg. Murray (b2 %stk) sh Motors (8).... ash Chat & StL(5) 10. 2 i a 2 9 N P A SRR A R B RS BN 1A e B ki3 1 24 42 Natl Surety (59, Nevada Copper (14). Newton Steel (2).... N ¥ Alrbrake (3.60) e mufimcnearone - 50s N Y Steam 1st pf (7); 108 Norfolk & Southern. 4 Norf & Western (10) 4 North Am Aviation.. 36 North Am(b10%stk) 177 North Am Ed pf (6) No Ger Lloyd (3.43). 4« Northern Pacifie (5). North Pacific et (5).. 011 Well Supply.. Oliver Farm Equip.. Oliv Fr Eq ev pt(3) Omnibus Corp. Otis Elev. n(2 3% sg-|Traders Seem Alarmed Over Sustained Rise -and Drop Is in Order. By the Associated Press. | NEW YORK, July 11.—The stock | market appeared frightened today in | viewing in_ retrospect its boldness in | advancing three days on end for the | first time since May. moderate though the advances were, and recession was again in order. There has been circulated some bull- ish but unconfirmable rumors this week of plans to revive the long dormant bull market, but traders appeared un- | convinced and anxious to take profits | on shares bought at the recent low levels. The rails, in particular, reacted | after their brisk upturn yesterday. There was no aggressive bear seliing, however, and the market was about as loath to decline as it has been to rise, Losscs in pivotal shares were held to small proportions and trading was again dull. The opinion was held in brokerage circles that the market had reached an impasse which would not be broken without important news from | business. News Is Indecisive, The day's quota of industrial and trade news was no more decisive than it has been during the last few days. The first second-quarter earnings state- ments to come to hand have not been as unsatisfactory as -the more gloomy predictions had indicated, and there is | a growing feeling in speculative quarters that the market may already have dis- eounted the unsatisfactory results of that period. The commodity markets again gave a relatively good account of themselves, despite the Government's July 1 estimates indicating increases in output of most farm products. After renewing at 2'; per cent, call money sank to 2 for the first time in a week and tended to discredit predic- tions, based on a firmer tone in the longer maturities of acceptances and time money lately, that the credit had again turned upward. Dast night’s Federal Reserve statements showed no inclination on the part of out-of-town banks to withdraw funds because of the low rates at this center. The de- cline in brokers’ loans, while amount- ing to only $16,000,000, was not viewed unfavorably, as it occurred over the holiday suspension. Bull Pools Cautious. ‘The possibility gat bull pools, which ‘were r‘l’:’mornd k\.h!ne been in the process of formation may have been made cautious by the suspension of Sutro & Co. for allowing itself to be used in improper manipulation was a topic of board room conversation, but it amounted to no more than gossip, so far as tangible information was | concerned. Such issues as Atchison, Baltimore & Ohlo, New Haven, Chesapeake & Ohio, North American, Consolidated Gas, American Radiator, McKeesport, Eastman Kodak and Johns Manville sold off about 2 to 4 points. United States Steel, General Electric, West- | inghouse = Electric, Radio, American | Telephone and Standard of New Jersey encountered moderate pressure, but of- fered considerable resistance. CONSOLIDATED SALES NEW YORK, July 11 (#).—Consoli- dated Retail Stores reported June sales totaling $1,613,425, a decrease of 5.9 per cent from sales of $1,174,684 during June last year. Sales for the six months ended June 30 were $11,050,275, an in- crease of 9.3 per cent over sales of $10,- 105,984 in the like period last year. The company had 30 units in operation at the end of June, this year, compared with 28 at the end of June, last year. | HEADS BANK FXRMS NEW_ YORK, July 11 (#)—George | Emlen Roosevelt has been elected a di- rector of Chemical Bank & Trust Co. and of Chemical National Co., succeed- ing his father, the late W. Emlen Roose- velt, who had served as a director of Chemical for 32 years. The present election brought the fourth successive generation of the Roosevelt family to the bank’s board. REFORT o CONDITXON Pru donua] Bank Of Washington, in the District of Columbia, at the close of business on June 30, 1930, RESOURCES, . Loans and discoun| . Overdrafts . Other bonds,’ curities owne 59.22 688.13 . 265,415.00 i 72.813,72 200.00 96,635.45 509.08 4,300.80 +$569,030.42 . Other asse Total LIABILITIES. . Capital stock paid in Surplus . Undivided profits—net. . Reserves for interest, taxes and crued and ks, incinding eerti- cashiers’ checks - ¢ . Demand deposit; 23. Time dcposits $560,030.49 Washing- cashier of the Tot Digtrict n( Columbia, Gity *'of on. t I EDWARD A, BAKER. nbove-namad bank. do solemnly swear that Liie above statement 1s true to the best of ny krowledge and be WARD A: BAKER. Cashier. Subreribed. and (o o before me this 8th_dny of July, 1930 Seal.) WALTER L. OAR’ Nothry" Bubite. |8th day of July. 1930, 104.610.81 41.426.21 162,450.46 L FOnI tlllte mnrd other than hnnkm& hou: . Cash an fluo rom banks. Outside rhfl:kfl and T cash items eeecnse Total .. 31.651,746.69 nu.mzs 3 gapital sk B T 16. Surplus 17. Undivided ~profits, ‘net 18] Reserves for dividends. tingenties. elc . 21. Due_to banks, including cer- tified and cashiers' checks $50.000.00 con= outstanding 3. Drmand_ deposits’ 23 Time deposits Digtrict o( Cnlumhu KOONTZ. cashier of the above- naimed bank, 2o saiemly ynear dnat the $7,573,158.90 890.42 3,616,971.64 2,442,688.57 1,755,289.14 278,253.82 901,075.39 1,300,706.23 74,105.17 + Overdrafts ... secu Other bonds, stocks and. securities owned . . Banking house, $1,681946.91: furniture and flxmm : . Real estate owned other than banking house . . Reserve with Federal Reserve Bank . ‘Cash and due from banks . Outside checks and other cash ifems . Redemption fund with U. S. Trenxurcr and ‘due from U. TreASUrer ....... 50,000.00 . Other assets , 17 38.77 ..$19,706,873.05 LIABILITIES, . +.$1,000,000.00 400,000.00 311,384.21 61,290.24 121 :MU 22 ,000,¢ 15. Capital stock paid in . Surplus .. 17. Undivided p e . Reserves for dividends, contingencies, ete 9. Reserves for interest. taxes and other expenses accrued and unplld . Circulating notes_outstanding jbove statement is true fo the best of my |2 knowledge and beliet W. L. KOONTZ | Subscribed and sworn to before” me This isen’ WALTER S_ HARTMAN. Notary Public. Correct-_Attest MAURIGE OTTERBACK. SRl EA" W warpEN, Directors. REPORT OF, _CONDITION WOODRIDGE-LANGDON SAVINGS AND COMMERCIAL BANK Washington, in the District of Columbia, the close of business on June 30, 1930. nfsovnccs - Loans and discounts.. ....$341,303 61 160.90 1,015.63 16396587 41.801.33 94121362 336.85 . 4 §632,887.83 curities owhed. . Banking house, 32 niture and fixtures, . Outstde checks and otner ca(h items Total LIABILITIES. stock paid in.. ..... $30.000.00 50.000.00 10,951.50 2,500.00 | Capital . Surplus . Undivided ‘profifs--net.. Reserves {or, dividends contin- es, ete. . Die to bank fled and ca: standing Demand deo 23. Time deposits. including ceiti- Hon L L KR 11,840.84 23 i NORRIS, pres cashier of the above-named ban emnly swear that the above statement true to the hest of my knowledse and hellef. PA L. RIS, V. Pres.. Cashier. Subscribed ‘and smarh o before me this day of July. 1930 (Seal) ~ KENNETH P. ARMSTRONG, Notary Publie. Correct—Attest: THOS. S, MALLON. A S HENDERSON, JAS. P. BENF Bitectors. REPORT OF CONDITION POTOMAC SAVINGS MNK OF GEORGE- OWN. ton." o the DistFlet of Columbla, O R0 ot utiness on June 30, 1630. 640,182.04 v ¢ 1,000.00 543,511.13 1 5 (v 4 [ kA A n Dnking Touge. Joo: h and due from banks Shecks _and Total. LIABILITIES. Gapital stock paid in S . Surplus Due to ban d tifled and cashiers’ outstanding . Demand deposiis . . Time _deposit: : Bills pavable and xedhrolmn 31. Other liabilities. Eromxf . checks . 33,870,773.25 Tot ¥ ?u‘é‘" ol &?“‘E\N‘ cashier of the M. AbGvenAmEd DAk do. soleinly. swest thAt fe"Whove statement. 15 true o the best & o f my knovledge Shd RTAKER. Cashie Supscribed “and sworn 1o before me “This Tth cay of July. i d NG WO o O IR Gy Fablie. Correct—Attest: Henry W. Emory ¥, D . B Elgin H N‘?mlls'-"e" st § i on Srohiman. k3 C. Ho: J. Clinton Tribby, James C. Hovle, Malcolm W. Morgan, e Bow T OF THE CONDITION REFORT Ofr THE Seventh Street Savings Bank Washington, in the District of Columbia O e ine o pusiness on June 30, 1930 O CEs: .. $1,828.518.08 92.96 1,950.00 > " . 202,435.67 sigsil e s4ase e W ‘oth than banking house. . Cash and due from banks: 5. & checks and “other cash ftems Total . 21,802.77 22437771 784.64 Siessibis e e RATIINEG LIABILITIES, . Capital stock paid in Surplus Undivided ' profiis—net 18. Reserves for dlv!d!ml! con- tingencies. etc. Regerves for Interest, ‘taxes d other expenses ac- Chied and unpaid . Due to banks. including cer- tified and cashis heck: outstanding . Demand deposits. . Time deposits. s100.000.00 100,000.00 69,158.20 6,018.00 Tot: 5 hington. o X WSOt oD RCO. cashier of the AbGveiakimed BaBK, 0 SoRmaly nueAr that the shove \ut;n';e“t(u true to the best of my nowledge and belie JOHN M. DE MARCO. Cashier. Subscribed and sworn to before me this 9th day ‘of July. 1930 (Seal) H. P. HOWARD, Notary Public. H. PLUGGE, D, Correct—Attest: Correct—Attest: kina—~ G, A Echenck, A M. Price, Robinson, Curtis. Directors. John R. Loute A. Peter W. FIRST MAKING THE FUTURE SAFE Investment in First \lurtgdgcs is a good way to make provision for the future. speculative—therefore safe. Our o FIRST MORTGAGES * pay this liberal interest— changelessly throughout the term of the loan. ver @ Third of a Century Without a Loss ure to earning will be—and have no concern about the principal. May be purchased in amounts from $250 up. MORTGAGES They are non- You can fig- 2 penny just what the B. F. SAUL CO. National 2100 925 15th St. NNW. | Demand_deposits 3. Time deposits . . . United States deposits . . Other labilities ... 6.260,467.75 7,567,980.55 963,120.77 34,791 41 .$19,706,8° 8 fl 5 DE H. COM OPER president of thE “above-named bank, do solemnly s\\car lllat the above stmemem is true to the best of my knowledge and belief. WADE H. COOPER, President. Suh<m ibed and awom 6 before me this 10th dly of July, 1930. (Scal. WM. L. THOMAS, Notary Public. Cm’lcd»Atte(t WADE H. COOPER, HAYDEN JOHNSON, L. A. SLAUGHTER, BATES WARREN, GEO. TULLY VAUGHAN, J. B, REYNOLDS RALPH D. QUINTER, JAMES H. BAl WALTER J. HARRISON E. C. DAVISON, CHAS. CONARD, .YAMES SHARP, . RIZIK, Directors. Real Estate Loans Ample funds always available for loans on improved property in the District of Columbia and nearby Maryland and Virginia, Low Interest Rates Long Term EAVER B! W A l.‘r“_sRoS 809 15th St. N.\W. District 9486 Mortgage Loan Correspondent Metropolitan Life Insurance Company Equitable Co-operative Bldg. Ass'n JOHN JOY EDSON, President WALTER S. PRATT, Jr, Secretary Assets..... -$5,123,083.61 Surplus & Profit: +.$1,755,911.57 Subscription for the 99th Issue of Stock Being Received Cultivate Thriftt Come in and let us explain our plan of systematic saving! A week gone by without something put away is a week wasted. 915 F St. N.W. * The Rights * of Municipal Bondholders Fvery owner of municipal bonds will be mt:rened in a presentation of in which they are Enforced. an authoritative article on the sub- Jject prepared for us by a leading municipal bond attorney. A copy will be sent 1o you on request FIRST NATIQNAL OLD COLONY CORPORATION 1001 FIFTEENTH ST. N.W.,, WASHINGTON Telephone Metropolitan 3461 Metropolitan Life Insurance Company REAL ESTATE LOANS AVAILABLE Long Term Low Interest Rates Consult EAVER BRO REALTORS 809 15th St. N.W. Districe 9486 Mortgage Loan Correspondens Metropolitan Life Insurance Company