Evening Star Newspaper, October 6, 1930, Page 13

'FINANCIAL.! BANK DEBITS OFF INFIFTH DISTRICT f . i Reserve Bank’s Report Also i Govers Recent Trade and T. Building Activities. BY EDWARD C. STONE. The Federal Rbserve Bank of Rich- mond reports that with the exception of Portsmouth, Va., debits to individual acoounts in banks in 24 cities in the fifth reserve distrigt showed declines for the four weeks ended September 10 over the corresponding period in 1929, ‘The figures include all checks drawn against depositors’ accounts in banks in the 24 leading trade centers in Virgini Maryland, North Carolina, South Caro- lina, West Virginia and the District of Columbia. These declining debits, the « Teport says, can be attributed in part to declines in prices. Total debits for the four-week period this year amounted to $1,024,734.000, while in 1929 they amounted to $1.157.- 489,000 in the same period. Debits in Washington on September 10, 1930. were $182,616,000, against $212,670,000 & year ago, the report says. Details on Retall Trade. Retail trade in the fifth Federal Re- serve district in August showed about 5 per cent increase over July trade, but averaged 5.6 per cent below the business done In August, Jast year, according to reports from 34 leading department stores in the district. ‘Total sales this year, through August 31, were 1.5 per THE . EVENING STAR, WASHINGTON, D. C. MONDAY, OCTOBER 6, 1930. NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to Note—All stocks are sold in one hundred-share lots excepting those designated by the le‘q: 8 (80s) (250s) which shows those stocks to be sold in odd lots only. For Complete Compilation of lfl- See 5:30 Edition. ~Prev.1930~ Stock and Prov. High. Low. Dividend Rate. Mdu lllh. Low. Close. Close. 4214 16 Abitibl Pow & Paper 145 16% ~Prev.1930~ a, ow, 19% 90% 4 Davison Chemical. cent less than sales from January 1 through August a year ago. Stocks on the shelves of the 34 re- porting stores decreased 1.2 per cent during August, and on August 31 were 8.1 per cent less in retail selling value than stocks on hand on August 31, 1929, The reporting stores turned their stocks 243 times in August and since January 1 stocks have been turned an average of 2.125 times, a slightly higher figure than 2.006 times for the corresponding period last year. Collections in 33 of the 34 reporting stores averaged 23.6 per cent of re- ceivables outstanding on August 1, a lower figure than 24.5 per cent col- lected in August a year ago. Collec- tions were generally slower in August, 1930, throughout the district, 25 stores reporting lower percentages this year, 7 reporting higher percentages and 1 reporting the same figure. Bank Deposits Above 1929, Twelve mutual savings banks in Bal- timore reported a slight seasonal decline in deposits during August. At the close of business, August 31, 1930, these 12 institutions had deposits aggregating $195,664,767, compared with $195,806.- 687 on July 31, 1930, a drop of $141,920 during the month, However, the August 31 figures was $6.949.437 above deposits aggregating $188,715,330 reported by the same banks on August 31, 1929, Fifty- six regularly reporting member banks had time deposits aggregating $256,462,~ 000 on September 10, 1930, a figure higher than $253,002,000 reported on August 13, 1930, and $239,729,000 re- ported on September 11, 1929. Building Activity Reviewed. Building permits issued in 32 cities of the Fifth Federal Reserve District «were fewer in number and lower in es- timated valuation in August than in August, 1929, Permits for new construc- tion issued totaled 1,057, with estimated valuation totaling $6,173,596, compared with 1,430 permits for new construction issued in August, 1929, with estimated valuation amounting to $8,222,322. Al- teration and repair permits and val ations were also less this year. Com- bined valuation for all classes of work « for which permits were issued totaled $7,349,711 in August this year and $10,- 011,679 in August last year, a ease this year of $2,661,968, or 2636 per cent. Only 9 of the 32 reporting cities showed higher valuation figures in August, 1930, than in August, 1929, the report made today says. Today's Trading on Exchange. Mergenthaler Linotype and Carpel ot et of the attemtion d to the extent of 275 shares durnfg the session. It opened & 50-share block moving at 24%;. ‘The next sale was 50 shares at 24, 50 more at 23%;, 50 more at 2314 and 25 at 23%. The stock then ad- Janced, the Jast sale being 50 shares A . Washington Railway & Electric sold 1o the extent of 12 shares at 98, Lanston * Monotype came out at 114 and Potomac Electric Power 5'; per cent changed hands at 108%;. Bond trading was confined to rather small sales in Washington Gas Light {isstes, around recent Jevels. Heard In Financial District. A folder issued by the Riggs National Bank since the last call, shows that 13; bank’s resources now total $60,229, 499. McCrory Stores Corporation today re- ported a decrease of 8.4 per cent in September sales and a decrease of 1.8 per cent in sales for the first nine months of the year. ' Dr. David Pricay, well known Wash- ington economist, predicts a sure but slow recovery in’ business for the re- mainder of present year, a decided improvement in 1931, and probably an- other secord year starting in 1932. RAILROAD PURCHASED | AT AUCTION FOR $4,000 Leland W. Warner of Topeka, x-m«.,! bought at auction for $4,000 the Leavenworth & Topeka Railroad, which consists of 37 miles of right of way and tracks, He had to post $50,000, bonds and agres to keep the road in operation for six years, The road is as- signed to the Union Pacific system under th- Interstate Commerce Com mission’s consolidation plan DIVIDENDS VOTED Directors of the Maytag Co. have declared the regular quarterly dividend of $1.50 a share on the first preferred stock and the regular quarterly divi- dend of 75 cents a share on the cumu- | lative preference stock, both dividends payable November 1 to stockholders of record Oc'ober 15. Carpel DIVIDENDS DECLARED NEW YORK, October 6 (P).— Regular. Pe- Pay- Hidrs. of Compan Rate. riod. able Archer Pn'\ Midi s0c 0. pi 1.7 Pratty ‘Bros Lid p Belding Cortt Lid Black & Do. pt 5 Caigary P67 Coriolidated Press Lid ord Soc 5 Fa Har mm Simes ine part 7 Hawaiiah Elec 14d. .15c Kidder Peabody Accept A DI....§2.50 ? 3 53 s0c t Oct. 3 Lincown Fire Tns Tex: Pt B1lac Nat r.\ lepl xn Fall Riv Nat Bk Initial. Am Res Ins new..Tsc Q 35 M1 42' 1561 150% 1114 338 69% 417 55% 105 1184 _ i 106 242% 108% 175% 80% 60% Abitibi P& P pf (8 217 Adams Exp (1. 8514 Adams Exp pf (5) 20% Addressorr'ph (1%), 16% Advance Rumley pf. 1 Ahumada Lead 031 Alr Reduction 11 Alr Way El1 Ap (1% % Ajax Rubber 4l Alaska Juneau 178% Allegheny Corp. 232 Allfed Ch & Dy (né). 45% Allis Chalmers (3) 2214 Alpha Port Cmt (2) .. 18 Amerada Corp (2)... 2 Am Agricul Chem., 28 Am Agricul Ch pt. 68 Am Bank Note (13 4 Am Beet Sugar. . 221 Am Bosch Magneto. . 41% Am Br Shoe (2.40)... 8% Am Brown Bov Elec. & 237 934 38 301 19 ]l\fi 1 % 40 110% 1078 3 s 1w 2 % b 1 6k 32 18% 17% 64 232 Yk} 5 46y 22% 22’& 934 6013 Am Brown B E pf (7)100s 108% Am Can (15). 140% Am Canpf (7). 42 Am Car & Fdy ( 90 Am Car & Fdy pf 39 AmChain (3).. 36% Am Chicle (13) 914 Am Com Alcohol. “11% Am Encaustic (1).... T 3314 Am European Secur.. 52 Am & For Power.... 95 Am & For Pw pf (6). 104% Am & For Pw pf (7). 814 Am Hawalian (a10). 54 Am Home Pr (4.20).. 301 Am Ice (14)... 28% Am Internatl (2) 364 Am Locomotive (4) 89% Am Locomot pt (7).. 35% Am Ma & Fy (11.65). 6 AmMach & Metal 21% Am Metal Co (1% 65 Am Nat Gas pf (7 481 Am News (§t4) 70 Am Pow & Lt (31)... 99 Am Pow & Ltpf (6).. 80 AmP&LpfAst(5) 20 AmR&StSan (1%) 13 Am Republics. .. 42% Am Roll Mill (n2)... 5213 Am Safety Razor (5) 1% Am Ship & Com. ... 51 Am Sm & Ref (4).. 100% Am Sm & Ref pt (6. 38 Am Snuff (13) 5% Am Solv & Ch 110% Am Steel Fdy pf (1 42 Am Stores (2). 40 Am Sugar Ref ( 8 Am Sumatra Tob.... 16 Am Tel & Cable (5) 200% Am Tel & Tel (9 114 Am Tobacco. 116 Am Tobacco (B: 120 Am Tobacco pf (6) Am Type Fdy pf (7).2 8% Am Water Wks (nl). 99 Am Wat W 1st pf ¢ Am Zine pf (), 34% Anaconda Cop (2 20 Anaconda W &C (1). 34% Anchor Cap (2.40)... 184 Archer-Dan-M (2)... 71% Armour of Del pf (7) 3% Armourof 11l (A)... 2% Armour of 11l (B).., 52 Armour of 111 pf (7), 884 Artloom pf (7). . 25 Asso Appl Ind (4). 28 AssoDry G (2%).... 194 Atch To & S Fe (10).. 102% Atch To & S F pf (). 130% Atl Coast Line(t10)., 48% AtGulf & W Ind (2). % 008 88 ..%'m_...esm_ 22 206 108% 131% 126% 4812 484 The Star Office. Stock and Dividend Rate. Curtiss Wr£orp A Cutler-Ham (3%). 1 Debenhams (70c). . w Deere & Co pf (1.40) . Delaware & Hud (9)« & Del Lack & Wn (17). 5 22 e Hgh. Law, * Close. 6% 55% B6% 21% 16% 23 11 6% b6% 21% 15% 23 165% 111 REPORT OF CONDITION THE Bank of Commerce & Savings Of Washington, in the District of Columbia, At the close of business on September 34, 1930. STOCKS ARE LOWER| ON HEAVY SELLING List Slips Steadily, Although $1,431,915.35 10513 Government securities owned . Other bonds, stocks and se- 1,000.00 Volume Recedes on Denver & RG W pt.« Diamond Match (8 Dome Min Dom Stores (. Drug Corporat Dunhill Int (1) Du Pont de N (4. Duques Lt 18t pf (5). Fast Roll Mill (h12). i Eastman Kodak (18) Eaton Axle & 8 (3) Elec Auto Lite (8)... i Electric Boat. El Pow & Lt (1) El Pow & Lt pf (8. El Pow & Lt pt (7) El Storage Bat (5)... dicott-John pf (7). uit Office Bldg (3). Erie R R. Erle RR 1st pt ( Erie RR 2d pf (4) Exchange Buf (1 Fashion Park As Fairbanks Morse (3). Fed Motor Tr (80c).. Fed Wat S A (e2.40).. Federated Dept Strs. First Nat Strs (2%). Follansbee Bros (2) B Fox Film (A) (4) Frank Simon pf ( Freeport Tex (5) . Fuller 2d pf (17.40) Gabriel Snub (A) n Gamenwell Co (5). Gardner Motor. Gen Am Investors. Gen Am T’k Car (34) Gen Asphalt (4)..... Gen Bronze (1) Gen Cable pf (7). Gen Electric (1.60) Gen Food Corp (3). Gen Gas&FEl A (e30c. Gen Ital Ed (a2.62) Gen Mills (3). Gen Motors (13.30) Gen Motors pf (5). Gen Pub Serv (b6). Gen Ry Signal (5). Gen Realty & Utll... 5% Gen R & Ut pf (6). .4 Gen Refract (t4%) Gen Steel Cast pf (8) Gen Theatre Equip.. Gillette Saf Raz (n5) Gimbel Bros Gimbel Bros Glidden Co (1.20) Qlidden pr pt (7) Gobel (Adolf). . Gold Dust (2%) Goodrich (B F) Goodrich BF pf (7) Goodyear Tire (5)... Gotham Silk Hoslery Gotham S H pf (7).. Graham-Paige. .. i Granby Consol (2). Grand Stlver § (m1 Grand Unfon. Granite City S Grant (WT) (1). Gr North pt (5).. Gr Nor ctf Ore (a%). Gr West Sug (1.40) Grigsby Grunow. Gulf Mobile & North, 5 Gulf Mob & N pf (6). Guif States Steel. ... 48 209% 8% 16 76 Decline. BY CLAUDE A. JAGGER, Associated Press Financial Editor. NEW YORK, October 6.—It was an- other one of those Mondays of deep- dyed blue in Wall Street today. Share prices skidded downward un- der only moderately heavy offerings starting with the stock market's open- ing gong and lost most of the recovery from the low levels of last Tuesday. ‘The market was inclined to recover for a time during the morning and again during the early afternoon, when recoveries of a point or so from the | bottom were recorded by some pivotal shares, but trading turned dull on up- turns. A wide assortment of shares fell to new lows for the year or longer, in- cluding several leading rails. Radio touched new low ground close to 25 be- fore rallying, and American Telephone sold within a fraction of the 1930 mini- mum. U. S. Steel, New York Central, Johns-Manville, Air Reduction and American and Foreign Power lost 3 or more, while shares dropping 4 to more than 5 included Westinghouse Electric, American Can, Dupont, Eastman, Worth- ington, American Water Works and Atchison. Allied Chemical tumbled more than 15 points. Business reports over the week end were not reassuring and holders of stocks showed signs of again giving way to the unreasoning gloom which gripped speculative quarters ®uring most of September. Much of the selling ap- peared to be for short account, but ex- tensive unloading of such shares as American Telephone and American Can indicated that investors were growing discouraged. Some of the investment advisory services, however, recommended dis- criminating purchases of stocks. There was a decided tendency, nevertheless, to steer clear of attempts at forecasting the immediate future of the market. Such Investment buying orders as have been appearing have largely been placed under the current levels in the hope of getting better bargains. One experienced group of investment trusts was understood to have placed several such orders. On the other hand, it was rumored in brokerage circles that a few of the smaller trusts were selling. The fact that many of the more pop- ular shares are still selling at earnings ratios well above those reached in the 1920-1 bear market still inclined in- vestors toward caution. Atchison, Topeka & Santa Fe. NEW YORK, October 6 (#).—W. B.| Storey, president of the Atchison, To~ peka & Santa Fe Railroad, said today that the road shortly will place an order for around 370 miles of steel rail. He added that the outlook for the balance of the year “is too uncertain to make any estimate of earnings.” The management is cutting expenses | sharply to meet the decline in revenues, | Mr. Storey said, and he added that| 5 105% 11 198% 20 3 3% 5% 100% 109 58% 111 424 86 5114 4915 24 % 33 7 304 228 49% 118 15% 328.983.31 1 2l 3. United States 4 .. curities owned . . Banking house, '$363.544.490 furniture” and " fixtures, 7. Renl estate owned other than hanking house ', S 9. Cash and due from banks. .. . Outside checks and other cash items . . Other assets . 45,400.26 101,332.31 1,891.17 515.13 $2,204,355.85 LIABILITIES. . Capital stock paid in. Surplus 7. Undivided profits—net | 8. Reserves for dividends, tingencies. etc . Reserves for inte and other expe and unpaid . 21. Due to hanks. fncluding cer- tified and cashiers’ checks outstanding : Demand deposis Time deposits . Other liabilities . . $100,000.00 165.000 00 I 4317805 con- - 5,000.00 st. ‘taxes accrued 2,568.27 dent of e Abevernamed bank. do solemnly swear that the above statement is true t0 the best of my knowledge and bellief JOHN M. RIORDON. Exequtive Vice President Subseribed_and sworn to before me this 4th_dav of October, 1930 (Seal) HARRY_S. WOLF! Notary Public. M D ROSENBERG. ELIE SHEET: FARRY F MAYER, Directors. Correct—Attest: REPORT OF CONDITION OF THE Washington Mechanics Savings Bank ©Of Washington. in the District of Columbia, at the close of business on September 24, 1930. RESOURCES, . Loans and discounts. Overdrafts . . United States Government securities owned Other bonds. stocks and se. curities owned. ... $2,026,401.89 4156 461,601.13 73,895.92 249,020.85 10,345.74. 319,233.76 ... $3,143,327.60 LIABILITIES. . Capital stock paid in. urplus Aunanvmm ‘profits _ne Dhie to hanks, ineluding ¢ér- tified and cashiers’ checks outstanding Demand _depos! 23. Time deposits $100,000.00 100.000.00 70,618.34 2hmeat 2.63%.001.96 Total . 13,14 60 City of Washineton. District of Columbia, ss 1, BURTON. cashier of the above- named bank. do solemnly swear that the above statement is true to the best of my knowledge and belief F. BURTON, Cashier. Subscribed_and sworn to before me this 2nd_day of October. 1930 (Beal.) BENJAMIN ROBINSON. Notary Public. Correct—Attest: ULD. WoSie FALpERT. EDWARD P. PICKFORD. Directors. OFFICES 293,203.99 | T -} 65% 60 AtGulf& W Ipf(5). 51% 24% At Refining (12). 106 101 Atlas Powder pf 37 2% Atlas Stores (nl).... 91 Auburn Auto (J4)... 1% Autosales..... .. 37 Auto Strap Saf R(i). 4% Aviation Corp of Del 19% Baldwin Loco (1%).: 90% Balto & Ohio (7)..... 78% Balto & Ohio pf (4) 63 Bang & Aroos (3%).. 18% Barnsdall A (2)..... 6712 Beatrice Cream (4).. Iofiu 101% Beatrice Cr pf (7). 70% 49% Beech-Nut Pkg (3) 6% 215 Belding-Hemingway, 2 57% 20 Bendix Aviation (2). 50'/. 28 1om wlu % 263% n = A o Sa uou-fii.am.wa. & 78 T6% 5 108% 108 3 52 1% 3% 3% 28 23% 21% 6 453 44% 76 80% 7814 2 129 128% 1 2 29 23 ks 19% 15 19 10% 55 69% 3 122% Bethlehem St pt (1). 29% Blaw-Knox (1%).. 23% Bohn Alum&Br(1%), 134 41% 69 0% 50% 25% 351 22% 18% Briggs Mfg Co. 21 Briggs & Strat (2).., 10 Brockway Mot Trk.. 85 40 Brockway Mot pf (7) ‘I!% 58% Bkly: an Tr (4)... 84% Bklyn-Man Tr pf (6) 17!% 115 Bklyn Union Gas (5) 18% Bruns-Balk-Col. aw 5% Bruns Ter & Ry 8. 31% 19% Bucyrus (1). 18% 43 29% Bucyruscvpf 31 8% Budd Wheel (1). R 20% Bullard Co... 24% 26% Bulova Watch (3)... 27% 29% Burr Add Mach (1).. 30% 8% 43 % Indian Motor Cycle. % Indian Refining. 4 Int Harvester pf (7). Hackensack W (1%) 200- Hahn Dept Stores Hahn Dept 8 pf ( 0% Hamilton W pf (6).. 10- 105 Hanna pf (new) (7). 30s 92 Har Wk Ref (123) ., Hartman Corp (B)... Hayes Body..... . Hercules Powd (3),.; Hershey Choe (5). ... Hersh Choc pt (16) .. Holland Fur (et2%). Houdaille Hershey. .. Houston O11 (b10%). Howe Sound (14%).. Hud&Man Ry (3.60). Hudson Motors (3) Hupp Motors. ... Illinofs Central (7).. Indépend O & G (2) » Ind Ray (5% llk).. Ingersoll Rand (15).) Inland Steel (4). Inspiration Copper. Insurance Sh (45¢).. Interboro Rap Tran.: Interlake Iron (1). Int Agricuitural Int Agricul pf (7) Intl Bus Mach (n6)., Int Comb Eng pf. Intl Harvester (2%). an-'finmu»asq—amn'—u.—mwa. BanwSewwmess Intl Hydro El A (e2) Intl Mer Marine (2).. 2 49% 48% % 13 % 5 Hill Building 17th & I Streets Several single offices and suites available at most rea- sonable rentals. Apply to Representative, Room 300 Moore & Hill, Inc. 730 17th St. NW. curities, explaining that it had been necessary to “dip into reserves, because | of lower earnings, to meet capital out- lays.” TREASURY CERTIFICATES (Reported by J. & W. Seligman & Co.) Rate -Maturity Dec. 15, 1930 . 1931 . 193 Bid. . 100 10-37 100 00 1 100 100 100 101 Fifteen Years to Pay —with the privilege of pre- payment after three years. This is just one of the many ac‘vantages of. the Metropolitan Life Insurance Company Real Estate Loan 29% Bush Terminal (2%) 1% Butte Cop & Z (50¢) 123 Butterick Co, 54 Byers (AM). B5% Calif Packing (4) % Callahan Zinc & Ld 42% Calumet & Arizona 10 Calumet & Hecla. 13 Campbell Wyant 55 Canada Dry G A (l).. nadian Pacif (10). Pa 19% Cannon Mills (1.60).. Clin & O sta (5) .. 208% Cent Aguirre An1% . 32% 2 14 Intl Nick of Can (1). Intl Paper pf (7). Intl Pap & P (A) 2.40 Intl Pap & Pow (C).. Intl Pap & P pf (7). Plan, 422 508 4 13% 13% 20 5 10 46 Omitted. Mallory (PR) & Co.25¢ Q Deferred. Due Aug. 15 {) 2werta Pacine Grain ol $195 @ Due Oct. 3 nt RR of NJ (112). rro de Pasco (6)... 18% Checker Cab (4.20) 43% Ches & Ohio (2%)... 2% Chic & Alton, . 2 Chic& Altonp 714 Chic Great Wes ic Great West pf 10 Chic Mil St P & Pac. 15% Chic Mil St P & P pf.. 51 Chicago & N W (5) 9t Chic Pneu Tool. . 87lx Chic R 1 & Pac (T)... 98 ChicR1&Ppf (6).. 4235 Childs Co (2.40)...,. 14% Chrysler Corp (3)... 38 City Ice & F' (k3.60). 4% City Stores (50c).... 20 City StoresA (3%) 191% 133% Coca-Cola (6). 52% 48'3 Coca-Cola A (3). 64'a 50 Colgate-Pal-P (2}4). 36% 14 Collins & Atkman. 12% Colonial Beacon, 32% Col Fuel & Iron (2).. 63% Colo & South (3) 51 Col Gas & El (2) 12% Colum Graph (a 108 Columbian.Carb (16) 40% Comm Credit (2).... 44% 31% Comm Credit A (3) 95% 76% Comm Cred 15t (6%) 22 Comm Credit pf B(2) 28% Com In Tr (g1.60)... 4 Comm InvTr war... 80 Com InT cv pf (e6). 20% Comm Solvents (31) 11% Comwith & So (60c) . 99 Comwlth & So pf (6) 36 Conde Nast Pub (2).. 10 Cengoleum-Nairn. .. 1844 Congress Clgars (4). 67 Consol Cig pr pf 6% . 14%; Consol Film (2). 1713 Consol Film pf (2).. 96% Consol Gas N Y (4)., 9912 Cons Gas N Y pf (5) 4, Consol Textli 11% Contalner A (1. 3% Container B 185 Contl Baking (‘oml Baking B, FETTTerY S5 o aFrnrnofantunananaanantl w2 83 199 55 T8 Corn Pr Ref flll)- 5 140 Corn Prod pf (7).... 1508 149% l"‘s 14% Coty Ine...... 13 14% 13 71, Crown Zellerbeh (1) 8 93% 66 Crucible Steel (k5).. 1 1% Cuba Cane Prod. . il 3% Cuban-Amer Sugar. 244 % Cuban Dom Sugar. .. 48 38% Cudahy Plclmlsl). 3 4 2 109 44 5% e 40% 107-/. 107% 5% 126'% 105% Curtis Publish (37). 144 4w Curtiss Wright Corp 5 Missouri Pacific. . Int Print Ink pf (6).. 110- Intl Salt (3)... Intl Tel & Tel (2) 109 Inter Dept Strs (2 5 Investors Equity ( 8 Johns-Manville (3).. 28 Jones&Laugh pf (7). 708 121 Jordan Motor Car.... 5 Kayser Jullus (2%). 1 Kelly-Spring 8% pf. 1008 Kelsey Hayes (2). 5 Kelvinator Corp Kend Co pf (16.37)... Kennecott Copper(2) 131 Kolster Radi0....... 2 Kresge (S8) Co1.60.. 3 Kresge Dept Stores.. 1 Kreug & Toll (1.60).. 29 Krog Gr & Bak (n1).. 33 Lambert Co (8) . Lee Rubber & Tire. Lehigh Port Cmt (1) 125 1% 20% Leh Port Cem pf (7). 80s 1034 Lehigh Valley Coal % Leh Val Coal pf (3). Lehigh Val (t434).., 4 Lehman Corp (3) Lehn & Fink (3)..... Lib Owens F Gl (1).3 Lig & Myers B (16) .. Lima Locomotive. ... Liquid Carbonic (4). Loew'sInc (3)...... Toew's Inc pf (6%).. Loew's pf xw (6%4).. Loft Inc. . 0% Loose-Wiles (12.60). Lortllard (P) Co Loutstana Ol . LouG & B (A) (1%) Loufs & Nash (7).... Ludlum Steel. Ludlum St pf (6%) McKeespt T P(15%). McKesson & Rob (1), McKes & R pf (3%) . Mack Trucks (6) Macy & Co (nt3) Magma Copper (3).. Mallison & Co .. Manhat Elev gtd (1) . Man Elev mod g (d§) Marine Mid (1.20)... Marlin-Rock (15%) .. Marmon Motor Car. , Marshall Fleld (214). Mathieson Alkall (2) Martin Parry. .. May Dept Strs (n: Maytag Co (1), 2 208 4 Mengel Co (2) Mexican Seaboar Miami Copper (1%).. Michigan Stl (n2%). Mid-Cont Pet (2)..., Midland Steel (3) . Midland Steel pf (8). Min Hon'w Reg (14). Minn Moline Pow. Minn & St Louis. M StP & SSM Isd (4).. wo. Mo Kan & Texag (2). 5 Mo Kan & Tex pf (7). g Missourt Pac pf (5). Mohawk Carpet..... 1 17 Monsante Ch (gii). Montgom Ward (3). Motor Meter G & El 914 1 33 30 165 25% 24% 1 2% 82 374 29% 21 12 72% 120% 1% 204 20% 2315 9% 55 28% 214 281 8% 2614 26% 87 4 194 10344 0% 49 2 110% 110 17 2% (Continued on Fage =4.) just as valua owners. There are other features ble to hon-‘n e- Loans made in the District of Columbia and nearby Maryland and Virginia EAVER BR REALTORS Washington Building District 9436 Mortgage Loan Correspondent Metropolitan Life Insurance Company THERE IS NO SUBSTITUTE FOR SAFETY A STEADY, INFLEX- IBLE INCOME is assured with investment in our 6% FIRST MORTGAGES This is one of the opportuni- er o Thitd ties where the investor with a of a small sum of money can derive Century the same interest as one with Without a Loss large amounts — enjoying the " same substantial protection. You can invest in amounts from $250 up. SAUL CO National 2100 925 15th St. N.W. THERE IS NO SUBSTITUTE FOR I FINANCIA Charter No. 7446. Reserve District REPORT OF CONDITION THE Commercial National Bank Of Washington, in the District of Columbia, at the close of business on September 24, 1930, . Loans and discounts . . Overdrafts . n.m.m.:'; . United States Government securities owned 1,670, 3,720.002.89 . Other bonds, stocks and securities owned . Banking house, $1,683,377.08; furniture an 2,440,063.67 1,756,780.81 31 Other liabilities .‘.x??l. { District of Columbia, City of Wuhln Charter No. 9545. . Real estate owned other than banking house Reserve with Federal Reserve Banl . Cash and due from banks . Outside checks and other cash items . Redemption fund with U. S. Treasurer and due from U. 8. Treasurer .. . Other assets . 283, 149 30 a1l 345 5} 50,000.00 1,540,085.98 Total cveicvvecacccacancan tesececennesomanses.. . $10,676,601.34 LIABILITIES, s evsrammac. 5. Capital stock paid in. . Surplus ... . Undivided pmflf&—n!! . . Reserves for dividends, contingencies, et: . Reserves for interest, taxes, and other expenses unpaid .. A cm—ulmng n Due to banks, standing . Demand depos! . Time deposits . . United States dej 62,303.95 201,013.81 1,000,000.00 1,915,565.88 5.088,521.86 7,867,118.90 876,673.82 3731433 -..--.-..........-.-..319.875,001434 including certi Total .... COX, cashier of the 'bflve-hlml‘ bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. (Signed) F. H. COX, Cashler. Subscribed and sworn to before me this 3rd day of October, 1930. (Seal.) (Signed) WM. L. THOMAS, Notary Public. NATHAN B. SCOTT, 2nd, JAMES SHARP, A. M. RIZIK, GEORGE TULLY VAUGHAN, BATES WARREN, Directors. Con’ec(—-Almt‘ Period Statements of & bank's condition enable its public to gauge the institution's progress and to pash judgment upon its strength and the soundness of its policies. H The Union Trust Company of the District of Columbla f{akes satiafaction in pnflm- ing this report as follows: 'REPORT OF CONDITION OF The Union Trust Co. Of Washington, in the District of Columbia, at the close of business on Beptember 34, 1930. URCES. . Loans and discounts Overdrafts . United States Gover: . Other bon . Banking house, $1,709.419.15; furniture and fixtures, . Real estate owned other than banking house . Cash and due from banks . | Outside checks and other cash items . . Other assets ..... cemmessresesserassssses $4,500,177.58 4.810.30 296,297.50 3,493,625.76 3,015.87 Total . $12,081,239.46 . Capital stock paid in Surplus . Undivided profits—net . Reserves for dividends, contingencies, etc. . Reserves for Interest, taxes, and other expenses accrued and unpaid. . Due to banks, including certified and treasurer's checks outstandini . Demand deposits . Time deposits ... . Other labilities 135,267.22 5,611,638.14 32,880,176.13 146,000.00 Total eeeeees District of Columbia, ss: 1, EDSON B. OLDS, vice president and treasurer of the above. solemnly swear that the above statement is true to the best of my knowleds (Signed) EDSON B. OLDS, Vice President and Treasurer. Aubscribed and sworn to before me mu 2nd day of October, 1920. (Seal.) . DUTTON WAINWRIGHT, Notary Public. Correct—Attest: EDWARD J. STELLWAGEN, GEORGE E. HAMILTON, A. L. BALDWIN, OCHARLES F. WILSON, G. THOMAS DUNLOP, DANIEL W. O'DONOGHUE. W. 8. HARBAN, S S e S e T TRt REPORT OF CONDITION OF . The District National Bank in; , in the District of Columbia, at the close of business on b September 24, 1930, . 86! DIG 449 21 7.84 - 150 'fl‘ 86 . 549,197.02 1,040,350.18 230,427.55 793,472.36 1,359,441.39 7,059.97 25,150.00 39,850.00 27,673.99 $11,762.664.37 . Overdrafts . United States Government securities owned.. . . Other bonds, stocks and gecurities owned. . . Banking house, $949,644.58; furniture and flXCl.u’ll. $90,705.60. .. . Real estate owned other than banking house . . Reserve with Federal Reserve Bank. . Cash and due from banks Outside checks and other cash items * . Redemption fund with U. S. Treasurer and due from U. 5. Treas- urer . . Securities . Other assets ‘Total LIABILITIES. $1,000,000.00 00,000.00 126,844.72 . Capital stock paid in. . Surplus . . Undivided pmflm—ntt . . Reserves for dividends, conungenctn. etc. Circulating notes outstanding 177,694.48 482,840.00 Due to banks, including c!rflfled ‘and cashiers' checks ouuund- ing . Time deposits . United States depos . Bills payable and rediscounts. . Securities borrowed . Other liabilitles ..., 989,398.00 4,374,627.02 3,668,014.45 175,181.52 200,000.00 39,850.00 28,214.18 11,762.664.37 City of Wlsh(ngwn District of Cu]umbll 8s: I, H. L. OFFU’ 'TT, Jr., cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knfwledge and belief. OFFUTT, Jr., Cashier, Subscribed and sworn to before me this 4th day of October, 1930, (Seal.) BENJAMIN ROBINSON, Notary Public. Correct—Attest: JOSHUA EVANS, Jr,, H. L. OFFUTT, Jr., EUGENE C. GO'K'I‘ CHAS, W. DARR, RALPH P. BARNARD, Directors. occupants drive to their office and park in their own building * An exclusive feature of this centrally located building is the large garage in the basement with complete service available to tenants at a very moder- ate cost. * Several desirable rooms—also suites —are available for immediate occu- pancy. * UILDING OPEN ON FOUR SIDES ABUNDANT LIGHT AND AIR SIX HIGH-SPEED ELEVATORS CENTRAL LOCATION . H.L.Rust Company 1001 Fifteenth St. NAtional 8100 ESTABLISHED I889