Evening Star Newspaper, January 9, 1931, Page 13

FINANCIAL, WASHINGTON BANK | GAIN 1S §17,384.%0 Total Deposits Show Sharp Advance During Last Year. Figures Analyzed. BY EDWARD C. STONE. ashi banks gained an aggre- gate in depositc of $11,934,960.14 last year, total deposits on December 31, 1929, having becn $255,783,346.85 in comparison with $267,718,306.99 on De- cember 31, 193v. According to a compilation completed today by Audley A. P. Savage, auditor of the Nationa® Savings & Trust Co., the figures reported following the December 31 call, also showed a gain of $2,012,- 6 over the call issued three months on September 2 shows that the made possible the excel- tent showing during the last quarter of 1930 when heavy year end withdrawals always make a large dent in bank de- Pposits. As a group the national banks reported total deposits on December 31 emounting to $152,092,748.10, a gain of $7.284,61 since September. br‘n‘(s as a_group about gate deposits being Scptember re- nent also shows that group recorded a de- ugh they really made a sub- The' figures showing the tween calls are due to the » deposits of the former k & Trust Co. have been to .the Federal-American onal and now appear in the national division. The detailed statement 7 one of the five trust reported an in- m ceposits. avin nks as a to show an ‘nerease in the 1s explained by the heavy p made to Christmas Savings Club members at the end of the year. e payments, augmented by with- drawals for taxes, holiday shopping and ar end bills brought in spite of the fact that emarkable year for perma- nent savings. Gain Better Than Expected. The fact that the local banks have gained almost $12.000,000 in deposits in the past year is indeed surprising, reveals the sound position they are in and brings de to the hearts of Wash- ington bankers. hile a substantial increase has been anticipated, bank of- ficials had hardly dared expect an ad- vance of quite such proportions. So much for the progress made since the New York stock market break. It is also interesting to note that the lo- cal banks are not far behind the de- posits carried just befere the market ash. On the call of October 4, 1929, t previous to the stock tumble, de- posits . in _Washington amounted to $269,589.885.64. Comparing this with the deposits of $267,718,306.99 on the December 31, 1930, call, it is seen that the banks here are now only $1,871,- 578.65 under the peak of prosperity figures. The. highest deposits ever recorded by the Washington banks were reported on the call of October 3, 1928. At that time the national banks, savings banks and trust companies had total deposits amounting to $274,232.831.27. Compar- ing this summary with the call issued the other day it is noted that the banks are but $6,514,52¢.28 below the all-time high mark. Auditor Savage's complete compil- ation, covering all the local banks and giving comparisons between the last two calls, appears elsewhere in financial section of The Star. Sk Cuniberti Again Heads Bank. At the annual meeting of the In- termational Exchange Bank yesterday the following officcrs and directors wcpx;c rc»\:ilrc:rd rnando Cuniberti, president; ‘W. Barr, vice prrfld‘n‘é F. J. ‘:gglz man, jr, vice president and cashier; W. E. Birch and L. H. Hoyle, assist- ant . cashiers. Directors—Hugh W. Barr, Peter Borras, Henry M. Camp, Fernando Cuniberti, D. Del Vecchio, A. di Girolamo, Joseph E. Heffron, George Heon, S.'S. Jaffe, F. J. Kauff- man, jr.; Jerry Meaiatico, Hugh H. Obear, * Louis Rosenberg, George C. Vourmas and Elias Wefistein. The regular semi-annual dividend of 3 per cert was declared. A. & P. Sales Gain in Year. Sales of the Great Atlantic & Pa- cific Tea Co. for the four weeks ended December 27 totaled $81,346,706, against $87,260,055 for the like period of the previous year. For the 12 months ended December 27 sales to- taled $1,062,296,331, against $1,02% 914,479 in the previous 12 months, a gain of 3.34 per cent. Although dol- thowed a decrease for the eriod, tonnage sales in- tons from 407339 previous year. 12 months last to 5,172,568 from 4,- in the previous year. v sales for December, 36,677, compared with December, 1920, a de- crease of $1,478,337. Peoples Drug Sales Up in 1930. Peoples Drug Stores, Inc., for reported today as $1.- mpared with $1,712,003 in 1929, a decrease of .2 per s for the 12 months were also 1 being $16.778.422, against $15,526,537, & gain of 8 per cent. on Sells Higher. anual report of , made_ye: creased 417,163 in December of t Tonnage apital Trac the the at 40%, went to 41 and ugh the day's turn- ares of Washington Gas ), Riggs National Bank d closed at 450 and 'rust changed came out at sold at 88, . per cent 109 and Peoples Drug ;nmm 4 at 99. was the longest list of bond recorded in many weeks, The ket opened with 4 sales in Capital 55 at 87. Potomac Electric ated 5s moved at 1031 small sales of Washington , serles A, were made around 102, st active bonds on the list igton Railway & Electric meeting of the American com- csterday, resulted in Te- 2 the following. officers: president; Willlam John Wilmer J. Waller and William vice presidents; Charles B. ~treasurer; Charles ssistant secretary and assist- zation Fl"dv a John Eynon, Seay, lnl treasurer. . Grand-Silver Stores, Inc., 1930, Teports gross sales $6,169,348, against $5,127,882 for De- cember, 1929, an increase of $1,041.466, or 208 per cent. For the year 1930 sales totaled $37,836,243, against $30,- 416,858 in 1929, an increase of $7,419,- 385, or 24.3 per “ent. NEW FIRM CHARTERED. BALTIMORE, January 9 (Special).— Parmers' Protestive Association Milk Plant, Inc., of Mason-Dixon, Pa. has been chartered under the State laws of Maryland to deal generally in dairy prod- ucts. The capital stock cohsists of 4,000 shares of common stock, par value $25, and the incorporators are Peter L. Mar- Fraan el n, L, . | Firey of B FD, 1, Cleatspring, 34, G STAR, WASHINGTON, D. C, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. { Note—All stocks are sold in one hundred-share lots excepting those designated by the letter s (80s) (2505), which shows those stocks were sold in odd lots. Individual sales compiled to nosn—cumplele in 5:20 Edition. —~Prev 1830~ Stock ana aign. Low. Dividend ‘Rate. ACS00, High. Low Close. Cloms. 42% 8 Abitibl Pow & Paper. 6 124 I 11% 37% 14% Adams Exp (1.60)... 47 “ 18% 94 804 Adams Exp pt (5)... 108 83% 3% 24 Aadressogr Coldv.: 2 224 1% % Ahumada Lead...... .1 W M 156% 87% Alr Reduction (14%) 44 101% 36 64 Airway ElAp (60c). 2 T8 ™ 24 14 Ajax Rubber..... 6 ) Ll 498 9 8% 6y 9 51 48 9% 41 Alaska Juneau(40c). 15% 6 Albany Wrap Paper. 1 35 5% Allegheny Corp..... 341 107% 364 Alleg Cp 330 wwbls. 2 99% 371 Alleg Cp $40 ww5lg. 1 72 40 Alleg Steel (12.80).. 1 343 1704 Allied Ch & Dye(ns). 130 Gfi 31% Allls Chalmers (3).. 12 113 Alpha Port Cmt (2).. 2 16 Amerada Corp (2) 3 Am Agricul Ch pt 1 451 Am Bank Note (13 5 60% Am Bank Note pf (3, 214 Am Beet Sugar. 8 Am paat Siiwarnt. 30 Am Br Shoe (2. 118 AmBrsSh&fp pf Uiy 6% Am Brown Bov Elec. 4 38 Am Brown B E pf (1) 0 15615 104% Am Can (15). 69 244 Am Car & Fdy ( a 70 Am Car & Fdy pt (7). 27 Am Chain (3). Am Chicle (13). Am Com Alcohol. Am Encaustic (1) Am European Secur, Am & For Power Am & For Pw of (8). Am & For Pw pf (7). 63% Am & For Pow 24 pf. 5% Am HawailanSS.... 461 Am Home Pr (4.20).. 24% AmIce (3).. 16 Am Internatl (3). % Am La Fr & Foamite 7 Am LaFr & Foam pf. 108 18% Am Locomotive (2). 21 29% Am Mch & 3 c| 131 Am Metals&Min ¢ 20 Am Nat Gas of (7)., 1308 36% Am Pow & Lt ($1) 15 90 Am Pow & Lt pf (6 74% Am P& L pf A st (5) 15. Am Rad&Std San(1). 40 5% Am Republics. 3 28 Am Roll Mill (n2)... 20 521% Am Safety Razor (5) 16 % Am Ship & Com..... 2 35 Am Shipbuilding (5) 30s 37% AmSm & Ref (4).... 21 Am Sm & Refpf (1) 1 35% Am Snuff (133).... 5 524 23% Am Steel Fdy (3){ 8 55% 361 Am Stores (t2%).... 4 697 39% Am Sugar Ref (5) 6 26% 5 Am Sumatra Tob.... 271: 15 Am Tel & Cable (5). 274% 170% Am Tel & Tel (9), 127 98% Am Tobacco 5).... 99% Am Tobacco B (5)... 42 47% Am Water Wks (3).. 40 98 Am Wat W 1stpt (6) 1 5% Am Woolen. 6 15% Am Woolen pf.. 48 1% Am Writ Paper ¢ fi 3% Am Zinc Lead & Sm. 25 Anaconda Cop (2%). 1zx 19 Anaconda W&C (1). 3 93 Anchor Cap pf (6%). 10% Andes Copper (1)... 134 Archer-Dan-M (2) 60 Armour of Del pt (1) 2% Armour of JIl (A)..e 1% Armour of 11l (B). 25% Armour cf Il pf (7). 3% Arnold Constabl 20 Asso Appl Ind (4) 50% 19 AssoDryG (2%). 24215 168 Atch To& S Fe (10). 14 108% 100 Atch To& 8 F pf (5). 1751 95% Atl Coast Line (110). 51% 16% At Refining (12) 106 42 Atlas Powder (4 97 Atlas Powder pf ( 7% Atlas Stores (nl 60% Auburn Auto (14 15 Austin Nich pr A (3) ao. 7 Autosale: 2% Aviation Corp o Del 11 19% Baldwin Loce (1%). 36 84 Baldwin Loco pf (1).130s 55% Balro & Oh1o (7).... 96 §4% 70% Balto & Ohlo pf (4).. 110'3 103 Bamberger pf (63) £413 50% Bang & Aroos (3%) 3 £% Barnsdall A (2). 23 Bayuk Cigar (3) 214 Belding.Hemingway. 14% Bendix Aviation (1). 80% Best&Co (2).. 1 508 K Mo mCoE - 122% Blaw-Knox (1%). Bloomingdale pf ( 15% Bohn Alum&Br(1%4) 5% Booth Fish 1st pf.... 60% Borden Co (K3)...iuw 12:) 15 Borg, Warner (1). 44 Boston & Maine (4).. 12% Briggs M{g(11.62%) 5514 Bkiyn-Man Tr (4)... £3 Bklyn-Man Tr pf (6) 98% Bklyn Union Gas (5) 5% Bruns Ter & Ry 8.... 11% Bucyrus (1).... ... 43 21 Bucyruscv nffl%). 117 107% Bucyrus pf (1). 16% 3 Budd (EG) Mfg.... 14% 6% Budd Wheel (1)..... 74 9% BullardCo....... 4 Bulova Watch (3)... 25% Burns Bros (A) (8).. 3 Burns Bros (B). 18% Burr Add Mach 1% 2115 Bush Termnal (2%) 1% Butte Copper & Zinc % Butte Superior 33 Byers (A M) 41% Calif Packing (4). 28% Calumet & Arizon: 7% Calumet & Hocla Campbell Wyant (2). “anada Dry G A (3). Can Pac new (2%). 164 Cannon Mills (1.60).. 713 Capital Admin (A)... 29%4 Capital Admin pfA.. €315 Case (J 1) (8).... Caterpillar Trac(t4) 12 Cavanaugh-Dobbs pf 1508 Cent Agulire As1%. 10 2% Century Rib Mills. ... 315 189% Cent RR of NJ (11 66% 21 Cer de Pas Cop (2) 2 Certain-teed Prod 14% Checker Cab (1.80). . 32% Ches & Oh10 (24)... 324 Chesapeake Corp (3) 3 Chio & Alton, % Chic & Alton © Be& B1% o ] s SRR NeaN GanA AN RASONE mB RN a 4 28% Chi& Northwn (4). 101 Chi&N W pf (). 7% Chic Pneu Tool. 20'; Chi YellowCab (3)... 10% Chickasha Cotton Ofl 227% Childs Co (2.40) 2 144 Chrysler Corp (1) 278 98% 79 City Ice & F pf (6%) 50s 18% 214 City Stores (5§0¢).... 11 60 1 191% 133% Coca-Cola (8 11 62% 4815 Coc: 6474 44 85% 12 #% Colonial Beacon 18% Col Fuel & Iron 4100 Colo Fuel & Ir pf (8). 4 404 Colo & South (3), 30% Col Gas & Kl (2).... Co! Gas & El pf A (8) 20 65% Columbian Carb (16) 15% Comm Credit (2). 6 801 Comm CreditA (3)., 3 21% Com In Tr (§1.60)... 4 14 Comm Solvents (31). ‘44 71 Comwlith & 8o (60c). 53 8615 Comwith & 8o pf (6, 6% Congoleum-Nairn 18% Congress Cigars (4). 7% Consol Film (2) .. 1214 Consol Film pt (2). .. 24% Consol Cigars (6) . 30 Cons RR Cub of (6) % Consol Textile 5% Container A ( 2 ContMner B 16% Contl 2 Contl 62 Contl 43% Contl Can (2%) 9% Contl Dia Fibre 0 . rlo% TKO.IHOII“N - 20 ~Prev.1930—~ High. 40% Low. 8lg 65 140 T 34 81 30% 4% 50% 101% 1 2% 83 2 801 114% 23 1424 120% ock and Sales— Stock an Dividend Rate, Contl Shares 11). Corn Prod (13%) Add 00. Crosley Radio. Cr Cork & Seal Crown Zellerback. Crucible Cructb] Cuban-Amer Sufi Cuban-Amer Sug p: Cuban Dom Sugar. Cudahy Packing (4). Curtis Publish (17).. Curtiss Wright Corp. Curtiss Wr Corp A. Cushman’s pf (8) Cutler-Ham (3%4)... Davison Chemical. .. Deere & Co pf (1.40). Delaware & Hud (9) . Del Lack & Wn (6) Denver & RG W of., Detroit Edison (8 3 Devoe & Ray (1.20).. 6 Devoe & R 1st pf(7). 508 Diamond Match. 12 Dia Mdtch pf (1 Dome Mines (1). Drue Corporat (4 Duluth 8§ & Atl Duluth 8 S & Atl pf. Dupont de Nem (4) Du P de N deb of (8 Durham Hoslery pf.. 60s Eastman Kodak (18) 22 90 Bl Storage Bat (5)... Elk Horn Coal. Elk Horn Coal pf % Endicott-John (6)... Eng Pub Serv (2.40). Eng Pub Sv pf (5)... Eq Offic Bldg (2%) Erie R R. Erie RR 18t pf Erie RR 24 pf (4). Evans Auto Loadin Exchange Buf (1% Fairbanks Co pt. Fashion ParkAs pf.. 40s Fed Motor Tr (80¢).. 2 Fed Wat Svo A 2.40.. 11 Federated Dept Strs. 2 Fid Ph Fire In (2.60), 4 Firest T& Rpf (6).. 14 First Nat Strs (2%). 4 Fisk Rubber. 3 Fisk Rubber 1st pf.. 1908 Florsheim Sh A (3).. 1 Follansbe Bros (1) 3 4 Foster Wheeler (2).. 651 5 Foundation Co. 4 Fourth Natl Inve Fox Film (A) (4). 50 Frank Simon pf (7). 200s 4 Free-port-Texas (4). 14 Fuller Co pr pf (7).. 108 Gabriel Co (&) Gamewell Co (5) Gen Am T'k Car (34) Gen Asphalt (3). Gen Baking pt (8)... 70- Gen Bronze. . PR Gen Cable vt M. 308 Gen Cab 1 Gen Cigar u) 10 Gen Cigar pf 1708 Gen Electric (1.80).. 185 Gen Elec spec (80c). Gen Food Corp (3). . Gen Gas&E) A(e30c) Gen G & El cv pf (6). Gen Mills (3) Gen Mills pf (8). Gen Motors (3) . Gen Motors ot (6)... Gen Print'Ink pf (6) . Gen Pub Sve b8 %stk. Gen Ry Signal (5). Gen Realty & Util, Gen R & Ut pt (e6). . Gen Refractories (4) Gen Theatre Equip.. Gillette Saf Raz (4). Gillette Saf R pf (5). Gobel (Adolf). Gold Dust (2%) Goodrich (B F) Goodrich BF pf Goodyear Tire (5) Gotham Silk Hoslery Gotham S H pt (7)., Gould Coupl Graham-Pal Graham-Paige rcts. Granby Consol (2).. Grand Silv Strs(hl). Grand Unfon........ Grand Unfon of (3).. Granite City St (3) Grant (W T) (1) Gr North of () Grt Nor Ore (2) Great Western Sugar Gr West Sug pf (7). Grigsby Grunow. Guantanamo Sugar, . Guantanamo Sug pf.. Gulf Moblle & North, Gulf Mob & N pf (6 Gulf States Steel Hahn Dept Stor Hall (WF) Pr Co (3). Harb Walk Ref (2)., Hayes Body.. Hercules Pow pf (1), Hershey Choo (6). ... Holland Furn (2% Homest Min (17) Houston Oil. Houston O1l (new) Howe Sound (4). Hud&Man Ry (3. 50). Hudson Man pf (5).. Hudson Motors (3) Hupp Motors. Iilinots Central (1) ndian Motor Cycle. . lndlln Refining. Indian Refining ret Indus Rayon (4). Ingersoll Rand (16).) Ingersoll Ran pf (6). Inland Steel (4). Inspiration Copper.. Insuranshar,Del 40c. Ins ctfs (Md) (80c).. Interboro Rap Tran.. Interlake Iron (1)..s Int Agricul Chem. Intl Bus Mach (n€)., Intl Carriers (50¢) Intl Cement (4) Intl Combustion., Intl Match pt (4) Intl Mer Marine (; Intl Nick of Can ll)u Int Nick Can pf (7)., Intl Paper & Pwr Awy Intl Pap & Pow (B).. Intl Pap & Pow (C).. Intl Pap & P of (7). Intl Printing Ink. Intl Salt (3)....c00s Intl Stiver pf (T).ues Intl Tel & Tel (2).... Inter Dept Strs (2).. Investors Equity. ... Island Cr Coal (4)..« Jewel Tea (15)... . Johns-Manville (3) .. Jones&Laugh pf (7). Jordan Motor Car. .. KC P&L 1st pt B (6). Kans City Sou (5)... Karstadt (R) (1.03) .. Kaufmann DS (1%). Kayser Jullus (234). Kelly -Spring Tire. .. Spring 8% pf.. y Hayes (2). inator Corp. , Kennecott Copper(2) Kimberly Clark 2%.., Kinney (GR) (1) 1 Kresge (88) pt ('” 0% Kreug & Toll (1.60 Kroger Gro&Bak(1) e Lambert Co (3). Lee Rubber & Tire... Lehigh Port Cmt (1! Leh Port Cem pf (7). Lenigh Valley Coal.. Leh Val Coal f (3).. Leh Valley (3%) Lehman cer 3) T 160% s 129 15% Lo- Cla:e Sone: 1o 1 0 8814 118% 23 156% 1 128% ~ ||STOCKS GO HIGHER | INBROAD ADVANGE ! Railroad- Llst Leadership, With Other Sections Improving. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, January 9.—Irregu- larity at the opening of today's stock market was followed by & broad up- ward movement under the leadership of the railway shares, with increasing activity on the advance. There was no mistaking the better feeling in the street. In part it was due to the conservatiye optimism in the address of Paul M. Warburg, the banker, for whose opinion there is great respect. In part, it was due to reports of increasing industrial activity in various parts of the country, and in part it was due to the incontrovertible evidence the market itself gave of being in an unexpectedly Strong position. Decrease in Loans. The decrease in brokers' loans an- nounced overnight, carrying the total down to another new low, was a sur- ! prise because the period covered had been one of rising prices on the ex- change. An increase had been ex- pected and the result was taken to mean that the buying had been in large proportion for permanent holding. The strength in the rafls was easily the feature of the day. It was based on the expectation that measures to put into effect the new trunk line con- solidation plan. in the East would be accelerated. Traders were anticipating an important announcement -~ from Washington to that effect and they bought rallway shares in large blocks with seeming confidence. New highs on this recovery were made by all the leaders, including New York Central, Baltimore & Ohio and Atchi- son. Hasty short covering came into Southern Railway and Illinois Central, with sharp price advances. Advisory services had suggested -the switch of i&veslmcm holdings of these stocks into her carrier issues with a better sta- tistical position, and these suggestions had been interpreted by traders as in- vitations to sell short. Some of these snmmltmenls were being taken in to- ay. Other rails substantially higher in- cluded New Haven, up 3 points, Chicago & Northwestern, Rock Island, Louisville & Nashville and Chesapeake & Ohio. The other group on which attention was centered in the early trading was the motors. Reports from the auto- mobile show were encouraging and there was active buying of many of the shares of the independent companies, including_Nash, Chrysler and Stude- baker. General Motors above 37 was at approximately the high of this move- ment and Mack Trucks advanced sympathetically. With one exception the industrials were almost uniformly strong. The ex- ception was in the chemical list, where both Aliled Chemical and Matheson Alkall sold at new lows for the bear movement, still reflecting the price war situation in the trade. On the other hand, United States Steel at 145 was at the top of the rally, the food stocks, especially Borden, were in urgent de- =00 LOANS —on improved Real Estate in Washington and its subwrbs . . . for building or refinancing completed properties. Reasonmble rate of in- terest and prompt de- cision. In requesting loan, speci; amount needed, tokether witl brief outline of property and its approximate valuation. We purchase 2nd trust notes secured by improved real estate. O ReALESATE B MORTGAGE & GUARANTY CORPORATION Capital Resources Over $3,000,000 1610 K ST.N.W. NEW ADDRESS " Money to Loan !!(l".‘ by first deed of trust on real tlll” Prevailing_interest and commi: 4 Joseph I. Weller 37,3t % & On our liberal 20 monthly repayment plan. No indors quired. A strictly dignified and confidential Maryland Penonll Bunken, IN 8405 Georzia Ave., Bllver Spring, Md. Phones Shepherd 2854-53. Peoples l’eunnal Bankers, 0 0 Furnishes | b | Ditrict nx Cotiimbis. ‘55 JOHN D. FRIDAY, JANUARY 9, 1931 mand, and specialties like Worthingtod Pump, which is expected to benefit from the demand for pipe by the natural gas companies, turned sharply upward. Loan Decrease Is Surprise. Strength in the rails, firmness in the utilities and irregularity in the indus- trials characterized eariy trading. The new decrease in brokers' loans was & surprise, but had no effect on trading, but the fact that the railroad averages ad made a new high on recovery on Thursday brought fresh buying into that pard of the list today. Atchison was the leader, up over 1% points, with good demand for New York Central, Baltimore & Ohio and Penn- sylvania. Short covering kept up in Southern Railway and in Illinois Cen- tral. Chicago & Northwestern gained nearly 2 points. Lackawanna, which had a spectacular rise Thursday, re- acted, as might have been expected. The feature among the industrials was the weakness in the chemical stocks, still _sensitive to the price-war situation. Both Allied Chemical and Matheson Alkali made new lows for the bear market, the former off over 5 rolnw. U. 8. Steel ranged around or ust above Thursday's close and there REPORT OF CONDITION OF THE ‘Washington Savings Bank Ot Washinston. in District of Columbia. at the close of bus n December 31, 1930, RESOURCES, Loans and discounts........ Overdrafts United States ‘Government se- curities owned Other bonds. stock ties own p §58,000 & 3 3. 1.009.06 4 ned . 6. Banking house. furni- " 9. 0. 4 ,387.20 ‘ture and fixtures, $11,695.08 . 66,685.08 . Real estate owned other than banking house Cash and due {rom’ bunk: 10. Oufside checks 14, Other “assets 650.50 $839,897.45 memxu . Capital stock paid in.. . Surplus Un maeu profits-—net’ Due to banks. inciuding c: fled and cashiers' checks +$100,000.00 13.000.00 1,186.54 standing Demand deposi 3. Time deposits . $839,897.45 LEONARD, treasurer of the aBGveanmed bank. 65 mictnly wwea thal the above statement Is irue to the best of my knowiedge and bel Slened JORN p. LEQNARD, surer. Subscribed_and sworn to before me this Tth_day of January, 1931 (Seal.) JAMES 1. MARR, otary Public, D.'C. asion expires Jaly: Sth. 1981, —Attesi Gikned) THOS. E JARRELL, THOS. D H, GEO. J. oHANxDEs, REPORT OF CONDITION OF THE PARK SAVINGS BANK Ot Washington, D. C., at the close of busi- ness on December 31, 1930. RESOURCES, . Loans and discounts . $3,162,730.09 =t 801.52 15,063.00 186,028.66 Cash’and due {rom banks . Outside checks and other cash item: . Other asset: Total LIABILITIES. ital stock pid & $100.000.00 japital stock pald in 100000, 0.000.00 95,215.87 3. 8. 5 5,000.00 1 1 I 1 1. i tified and :-smm "checks outstand; yemand drposils 23 nosits 38 B pavadle wnd fediscaunts Total ... + of Columba. ss: D here 8. Bttina: vice president and cathier of the_anove.named bank, do ol fmnly” sweas inay lheklhm‘/ed xlued'ntbm“'l!l Tue fo the best of my knowledse and be HOBERT 8. STONZ, V. P. and Gashier. Sub d ,c" bed nfl !'Ol’n '.0 b!lfl{e me this 6th of T *aca1 ) " Saried” . HITSELBERQER, ‘Notary Public. Correct—Attest: GEO. E. WALKER, G!ORGE A, PREVOST, F._JORSS. Di Charter No. 9548 REPORT OF c( com)rnon District Nauonal Bank ‘Washington, in the Distriet of Columbia, X the 0% o1 business on’ December 31, 130. 1. Loans and mxtn\mll $6,522,149.61 2 Gverdrafts .. 2,970 5 1,160,795.19 549,197.02 fo 104052068 GUREE o439 640,104.97 1,411,00 38,604.15 2 n\m‘d than anking hons 8. Regerve with Federal Teserve nk 9. Cash and due from banks . Outside, checks and other cash Rcflemnuon lund wmx R Trea; and 5 reasiirer . Securities borrowed . Other assets Total. . 25.150.00 LIABILITIES. §-mm stock pald in. s nfvmm’or dlvldend zm‘-ncm, ¥ 4 142,604.45 . Cireulating nules aiitsta e 503,000.00 ue i iudin kfll 3 i Cashiers: mzcks i 43 44 14 4 6 7 213:897. : Aireements to repurchase U 8. Government or other jecurities told 25.906.25 iils ble sul” el 849,158.42 30.000.00 nfs: . Securities borrowed . | Other liabilitles Total.... District of Columb; 1 H. eSS cashier of the above- named bank. @0 solemnly swear that’ the above statement fs true to the best of my knowledge and belief Jr., Cashier. Subscribed and sworn to before me this 311,787, nsTl sth da, 1931 ¢ of JanuggESAMIN RoBINSON, Notary Public. J. Gockeler, Rogers, Correct—Attest: Joshua Evans, Jr., E. J. Murphy, H. L Offutt, Jr, B L. Colton, Ralph P. Bernard, Sidney I. Besselievre, Charter No. 4247, REPORT OF Reserve District No. 5. cormmon LINCOLN NATIONAL BANK Of Washington, in the District of Columbia, at the close of business on December 31, 1930. RESOURCES. . Loans and discounts .... . Overdrafts . United States Government securities owned. . Other bonds, stocks, and securities owned. . . Banking house, $338,857.36; furniture and nxturr.-s $21,459. . Real estate owned other than banking house . Reserve with Federal Reserve Bank . Cash and due from banks. . Outside checks and other . Redemption fund with U. 8. Tre ‘Treasurer LIABILITIES. . Surplus . Undivided profits—net . . Reserves for dividends, contingencies, . Circulating notes outstanding. $4,135,376.35 500.00 605,515.30 991,025.90 360,316.36 252,446.08 350,447.49 952,641.53 30,879.97 6,000.00 35,623.13 tesessnncasenascsaness . $7,720,772.71 $400,000.00 400,000.00 350,476.60 24,972.63 120,000.00 ete . Due to banks, including certified and cashiers’ checks outstanding 194,106.64 . Demand deposits . Time deposits . . United_ States deposits. . Other labilities ... 2,387,032.90 3,740,900.97 28,626.62 83,656.35 $7,729,772.71 I, JAMES A. SOPER, cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledze and b&l&f JAMES A. SOPER, Cashier, Subecnhtd and sworn to before me this 8th day of .!nmury. 1931, HELEN D, E. DA ALBERT 8. GATLEY, MEL! ZEN, . REED, Notary Public. HENRY T. OFFTERDINGER, FINANCIATU. FRF in General Western was no important change Electric or General Motors. Union was strong. REAL ESTATE LOANS Made at Low Interest Rates PARIS BOURSE PRICES. PARIS, January 9 (#).—Trading was very quiet on the bourse today. ‘Three per cent rentes, 85 franes 75 centimes: Five per cent loan, 101 francs | 80_centimes. 23 francs 'ls'g Exchange on London, centimes. The dollar 'ns qqu at 2! francs 49 centimes. First Mortgage Loans . In Arlington County and $7,000,000 Pipe Line. Alexandria, Virginia NEW YORK, January 9 (#—8outh- ||| Commonwealth Investment ern Fuel Co,, owned jointly by Southern | Co.. like fi::-g?:%fié‘;?nhzob::: {;..;:\lch:l"no SO . 806 13th St. N.W. Phone National 2623 struct a pipe line for natural gas from Mortgage Loan Correspondent for the San Joaquin Valley flelds to Los The Prudential Insurance Co. Angeles. The company will expend of America $7,000,000 on the lines. A REPORT OF THE CONDITION OF THE Washington Loan and Trust Company ?1’ rggshlngton, in the District of Columbia, at the close of business, December RESOURCES. . Loans and discounts . . $9,358. . United States Government securities owned. 109.76 . Other bonds, stocks and securities owned. . 2,405,569.05 . Banking houses, $1,914,466.30; furniture and fixtures, !lfl 44044 2/079.896.74 . Real estate owned other than banking houses. 96,026.65 . Cash and due from banks 4,948.974.76 10,976.70 . $1,000,000.00 2,350,000.00 198,912.73 19,017.27 g . . 468,198, . Demand deposlu . . ll‘flfil.lgfl.ig . Time deposits . 4,525,256.9: 5. R. GRANT, treasurer of the above-named bank, do solemnly swear that the nbo\c statement is true to the best of my knowledge and belief. CHAS R. GRANT, Treasurer. Subscribed and sworn to before me this 8th day of January, 1931, (Seal.) FREDERICK A. GENAU, Notary Public, D. C. Correct~Attest MELVILLE B. GROSVENOR, CHAS. P. STONE, JOHN BARTON PAYNE, WILLIAM E. PEARSON, WALTER 8. PENFIELD, FLOYD E. DAVIS, DONALD WOODWARD, ALBERT F. FOX, ARTHUR P] JOHN H. CLAPP S. H. KAUFFMANN, FREDERICK V. COVILLI, JOHN A. JOHNSTON, Eqmtable Co-Operatwe Bldg Assn ganized 1879 51st YEAR COMFLETED Or; JOHN JOY EDSON, President ‘WALTER S. PRATT, Jr., Secretary Assets .. .. ..$3,901,122. ll Surplus & Profits .-$1,818,655.92 Subscription for the 100th Issue of Stock Bemg Received Much Is Accompllshed —where a set plan for sav- s2-s_o ing is adopted. Make 1931 a banner year financially. We will gladly explain PER SHARE our systematic saving plan. Listen in Sunday... WMAL 8 ‘ .M. Assistant Secretary of Commer of Building and Loan Associ 915 F St. N.W. talk on ldvuhl SAFE FIRS T A THIRD OF A CENTURY’S RECORD FOR SAFETY is back of our 6% FIRST MORTGAGES In all this time they have been popular with investors who appreciate safety as well as liberal return. Over a Third of a Century Without a Loss In them the interest is fixed— and your security is improved Washington real estate that has been conservatively ap- praised. May be purchased in amounts from $250 up. B F, Sl GO National 2100 925 15th St. NNW. THERE IS NO SUBSTITUTE FOR SAFETY Endorsed— —by thousands of home-owners throuflhout the United States. we recommend the Real Estate Loan Plan of the Metropolitan Life Insurance Company. Lofln! are mlde fOl' fi{teen years at low interest rates with reflsofllble terms. Construction Loans in Any Amount WEAEE SRS District 9486