Evening Star Newspaper, January 10, 1931, Page 11

'FINANCIAL, . THRIFT SHOWN HERE IN SCHOOL SAVINGS During Past Year $44,709 Was Laid Aside by 5,978 Pu- { pils, Recent Report States. BY EDWARD C. STONE. Controller Pole's annual report in- cludes’ statistics on school savings in the District of Columbia and in the ‘various States. The report shows that 6,538 students in ‘Washington partic- ipated in the school savings plan in 1929 and that the number in- creased to 5978 in the school year ending in June, 1930. In the school year 1928-1929 IWashington pupils saved $50,400.30, while during _the year 1929-1930 ihey saved $44,- %709.02. The same statistics show that students in the Maryland schools saved $31,054.83 last year and Virginia puplls saved $20,751.87. This was a marked falling off in Virginia, as well over $137,000 had been laid aside in the previous year. West Virginia schools made net sav- in the school year of 1929-1930 of $22,581.17, against $28,720.60 in the previous year. North Carolina stu- dents saved over $10,000 last year. The summary for the country as a whole reveals net savings last year amounting to $7,790,529.68, while in the previous year the total was over $11,- 000,000, Doubles Income During Year, ‘The Union Co-operative Insurance Association of Washington, 1200 Fif- teenth street northwest, reports a pre- mium income on its life insurance busi- nes for the year 1930 of $1,434,000, with & premium income for 1923 of $714,000. During the year this company in- creased its capital stock from $100,000 to a total of $200,000 and increased its surplus from $100,000 to $200,000. . Charles P. Ford is president, G. M. ‘Bugniazet, secretary-treasurer; Dr. J. Rozier Biggs, medical director; E. R. Crowson, actuary; C. F. Nesbit, insur- ance counselor; C. L. Noyes, assistant manager, and Ivan N. Fuqua, super- intendent of agencies. Pennsy Opens Pier Development. Local holders of Pennsylvania Rail- road stock will be interested in the report that the company has opened two of four proposed piers in Jersey City which can accommodate ocean- going vessels drawing up to 35 feet. The plers, 865 to 913 feet in length and approximately 170 feet wide, are equipped with devices for the loading and unloading of freight from freight car to ship. They will be operated in conjunction with an elaborate system of warehouse and cold storage facilities. ‘The total cost of the development ‘will amount to around $17,000,000. The company figures that the new plers will expedite its shipments to such an extent that its traffic will be increased and that this should more than pay for its huge part of the outlay. The big saving is expected to be in the fact that no lighterage will be necessary on delivering shipments from these piers to ocean-going vessels. Insurance Day Plans. The observance of National Thrift ‘week this year, says President John H. Snyder of the District Life Underwrit- ers’ Association, will call the attention of the Nation to life insurance on Wed- nesday, January 21, designed as Life Insurance day. Many activities will feature life insurance as promoting thrift, including radio talks, thousands of newspaper articles, magazine write- ups and speeches before business or- ganizations. The real benefits may be ob'.ltncd by the individual life insurance men co-operating on this day in em- phasizing -life insurance as a thrift agency. By such co-operation it has been calculated that the value and varied uses of life insurance will be brought before one million persons. Stephenson on Bankers’ Code. President Rome C. Stephenson of the American Bankers’' Association, says: “Present laws adequately enforced contain ample provision for Govern- ment supervision. Bankers umvemlly believe in strong, capable bankin partments manned by officials wit] t,he discretion and ccurage to enforce these laws and act under them as the com- mon welfare demands. They believe that these public officials should be paid sufficient salaries to command the services of men of character, ability and a resolute spirit of public service. ‘They believe also that the banking depart- ments should be kept free from all political or other improper influence in order to be able to act at all times with single-minded independence solely for the benefit of the public interest.” Heard in Financial District. T. Hunton Leith, member of the national executive council of the Ameri- can Institute of Banking, leaves here Monday to attend the Midwinter meet- ing of the council at Shreveport, La. Mr. Leith, who is assistant cashier of the Security Savings & Commercial k, has visited a large number of te chapters recently, and will & most interesting report to pre- sent on the progress being made in the rritory of which he has charge. e Federal Reserve Board announces he Atlanta Bank has reduced the te from 315 to 3 per cent, . The Chicago Federal Reserve Bank has taken the same n. Atlanta now has the same rate T. Hunton Leith. a6t St. Louls and Cleveland, adjoining | listricts, Word has been received that I A. Fleming, financial writer. is now com- fortably located at Hotel Indialantic, Melbourne, Fla. He left here about 10 days ago to pass several weeks in a littie more congenial Winter atmos- governor of the phere Eugene Meyer, jr tem, has been in | re he attended a meeting ors of the Chicago Federal | Board annual meetings of the national | and several other local banks take place | next Tuesday. INVESTMENT TRUSTS NEW YORK, January 10 (#).—Over- the-counter marke Bid. Asked All Am Investor: 3 7 g3y m Composi Am F rs Am Founders 7% bf Am Founders cor Ghain Sigre Shar um & Foster 1 Diversified Trustee Bhiates A ified Trugiee Shares B.. Investors Trustee Sha Jackson & Curils lu\eu “Aisoc feaders gf Indust llnxoa:l ‘lnflan ::\uru 4 s % Norin Kmetican Trist Shares o Trust Shares.. PSS Bhares or Tr 80 A LTS 5 I SR FEEES 5t e G ed Oll Trust Shares H... oty Great Britain claims to be more than two-thirds vessels. - | | building of the 'athh‘ P THE EVENING STAR, WASHINGTON, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. ~Prev.1930~ High. Low.* 1% 22% Note—All stocks are sold in one hundred-share lots excepting those designated by the letter s (80s) (250s), ‘which shows those stocks were sold in odd lots. ~Prev.1930~ Stock and Baes— ieh. Low. Dividend Rate. Add 00. High. Low. 2% 8 Abitibi Pow & Pa aper. B 12 114 37% 144 Adam 18 18% 32" 21 Adama Mints m 224 156% 874 Alr Reduction (t4%) 3 36 64 Alrway E1Ap (60c). 4 2% % Ajax Rubber........ 26 9% 4% Alaska Juneau(40c). 16% 6 Albany Wrap Paper.. 36% 6% Allegheny Corp. .... 343 1704 Allied Ch & Dye(n6). €8 314 Allis Chalmers (3).. 424 11% Alpha Port Cmt (2) 81% 16% Amerada Corp (2)... 61 36 30 41% 44% Close. Close 11 1% 19 24 89 31% 91% 12% 56 314 39 5% 18 7 6314 3 % 29 111% 100 681 15% 62 35% 3% 12 16 10 31 51 17% 7 85 38% 2% 6814 45% 16 85 38 2%4 83% 4 49 29% 6% 20 3474 18 % 5% 2 3 3% 31 147% 88 5 20% 3% 131 8% 49% 1% 18 45% 18% 524 12% 2 21 10 4% 17% 14% 4% 25 48% Am Ag Ch of Conn pt 97% 451 Am Bank Note (13).. Am Br Sh & F pf (7! 6% Am Brown Bov Elec. 38 Am Brown B Edf (1) 156% 104% Am Can (5). 1 150% 140% Am Can pf ( i 967% Am Com Alcohol. Am & For Power. Am & For Pw of (8). 63% Am & For Pow 24 pf.. 5% Am Hawailan S S 1% Am Hide & Leather 46% Am Home Pr (4.20) 24% AmIce (3)...... 16 Am Internatl (2). % Am La Fr & Foamite. 18% Am Locomotive (2) 6814 Am Locomot pf (7).. 29% Am Mch & Fdy 1.40.. 13'5 Am Metals&Min (1). 20 Am Nat Gasof (7)., 36 Am Pow & Lt ($1). 90 Am Pow & Lt pf (8) 15 Am Rad&Std San(1 28 Am Roll Mill (n2). 2315 Am Steel Fdy (3) 39% Am Sugar Ref (5) 5 Am Sumatra Tob, 274% 170% Am Tel & Tel (8).... 127 98% Am Tobacco (5) 130% 99% Am Tobacco B (5) 120 Am Tobacco pf (6). 47% Am Water Wks (3 98 Am Wat W 1st pf (6) 5% Am Woolen.... 15% Am Woolen pf. 26% Am Zinc & Lead pf. .. 25 Anaconda Cop (2%). 19 . Anaconda W &C (1), 24~ Anchor Cap (2.40)... 13% Archer-Dan-M (2)... 60 Armour of Del pt (7) 60% Auburn Auto (f4 51 ). 2% Aviation Corp of Del 19% Baldwin Loco (1% ). 8 Baldwin Loco pf (7). 56% Balto & Ohlo (T) Bamberger nf (634).. Barker Bros pf (6%) 8% Barnsdall (A) (1).... 62 Beatrice Cream (4).. 76% Bel N Ry ptpf 5.51. 1 1414 14% Bendix Aviation (1), 1 0% Best & Co (2). 9 19% % 20 95 Bloomingdale pf (7). 204 15% Bohn Alum&Br(1%) 60% Borden Co (k3). 15 Borg, Warner (1)... 124 Briggs Mfg(11.62%) 1% Brockway Mot Trk.. 5% Bruns Ter & Ry 8.... 11% Bueyrus (1).. 3 Budd (EG) Mfg. 6% Budd Wheel (1) 9% Bullard Co.. 18% Burr Add Mach t11. 1% Butte Copper & Zinc. 10 Butterick Co 33% Byers (A M) 28% Calumet & Arizona., % Calumet & Hecla. ... 301 Canada Dry G A (3) 35% Can Pac new (2%).. 16% Cannon Mills (1.60).. 71 Capital Admin (A).. 29% Capital Adminpf A.. 7814 Car Clin & Ohln . 174 T0% 11 8% % 14% 40 51% 6% 8% 18% 28 39 41% 84 2% 40% /% 6% 84% 9% 20 33 61 10% 6 33% 81% 19% 5% 24 464 PAHRUL B A Caterpillar Trac(té) 24 Cavanaugh-Dobbs pt 18 Cent Aguirre As1%. 21 CerdePasCop (2)... 6% Certain-teed Prod pf 32% Ches & Ohlo (23). s Chile Copper (2).... 14% Chrysler Corp (1)... 79 City Ice & F pf uu) 2l 2% % 7 1 15% 3% % 41 14% 60 20% 79 9% 18% 15% 5 1% 14% 9 2% 5% Cluett Peabody (3). 191% 133% Coca-Cola (8).. 48% Coca-Cola A (3) Colgate- Pal- P 12%). 30% Col Gas & El ( 734 Col Graphoph 4n 4) . 65% Columbian Carb r'l) 30'% Comm Credit A (3) . 21% Com In Tr (1.60) 14 Comm Solvents (1 7% Comwlith & So (80c). 86% Comwlth & So pf (6) 6% Congolgum-Nairn. .. 1214 ConsoMFilm pf (2).. 55 Consol Cig pr of 6%. 78% Consol Gas N Y (4).. 99% Cons G Y of (5). % Consol Textlle. . 5% Container A (1.203. : 16% Contl Baking A..... 2 Contl Baking B. 4 Contl Can (2%) 37% Contl Insur (2.40) 2% Contl Motors. ... 7% Contl Ofl of Del. 815 Cont] Shares (1) 65 Corn Prod (13%). 4 Coty Ine... 3% Croslev Radio 4% Crown Zellerbacl 50% Crucible Steel (5) 1 Cuba Cane Prod 2% Cuba Co. * 2 21% 35 18% 116 30 % % 41 ) 15% oy OB I 00 (3 5 RO B N » S H 112 Curtis Publish pf () 1% Curtiss Wright Corp 3 Curtiss Wr Corp A.. 35 Cutler-Ham (3%).. 120% Delaware & Hud (9), 6913 Del Lack & Wn, (6) ., 25% Denver & R G W pf. Diamond Match Dia Match pf (1.50). 12 Domn Stores (1.20).. 57% Drue Corporat (4).. 8014 Dupont de Nem (4) . 23 Durham Hoslery pf. 1424 Bastman Kodsk (18) 120% Ea od of (6) 11% Eaton Axle (1.60) 23 Elec Auto Lite (8) 2% Electric Boat. ... 181% 4% 574 2% 16 1% 484 95 32 % 5 40% 46 15 114% T ). 36% Endicott-John (5)... 22% ErleR R. 21 Erie RR ist pf (4)... 6% Eureka Vac Cleaner,. 21% Exchange Buf (1%). 3% FalrbanksCopf.... 51 Fed Motor Tr (80¢) Federal Screw (1). 17'% Fed WatBve A 2.40 42% Fid Ph Fire In (3. 15% Firestone T & R Seoeaen 261 275 90 - Ule Bulmarntmrrns o 185% 5% 6% 8% 10% 11% 30 Florsheim Sh A 37% Foster Wheeler (2).. 18% Fourth Natl Invest.. 164 Fox Film (A) (4)... 24% Free-port-Texas (4). 50 Ga 11 Co (6). 1 G Motor. . 3% Gen Am Innll.'&) 19% 13% 84% 18% 10% ® o Bend ola 16% §3% TFen Am T’k Car Stoek ana Dividend Rate, Gen Asphalt (3 Gen Cable. Gen Cable pf (T). Gen Cigar (4). Gen Electrio (1.60) Gen Food Corp Gen Mills pf (6). Gen Motors (3) Gen Motors pf (5)... Gen Pub Sve b8 %stk. Gen Ry Stgnal (5)... Gen Realty & Util. .. Gen Refractories (4) Gen Theatre Equip. . Gillette Saf Raz (4).. Glidden Company. . .. Glidden pr pf (T).... Gobel (Adolf). Gold Dust (2%). Gold Dust pf (6) Goodrich (BF)...im Goodrich BF pf (7). Goodyear Tire (5)... Graham-Paige rcts. Granby Consol (2). « Grand Silv Stra(h1). Grand Unfon. Grand Union p! Gr North of (5) Grt Nor Ore (2). Great Western Su, Gr West Sug of (7). Greene Cananea Cop. Grigsby Grunow. . Hahn Dept Stores. . .- Hahn Dept 8 pf (634) Hall (WF) Pr Co (2). Hanna pf (new) (1), Harb Walk Ref (2) Hayes Body..... Hersh Choe pf (15).. Houdaille Hershey. » Household Fin pt (4) Houston Oil f Houston Of Howe Sound (4). Hud&Man Ry (3. Hudson Motors (3) Hupp Motors. Illinois Central (7) Indian Motor Cycle. s Indian Refining. ...« Indian Refining ret: Indus Rayon (4). Ingersoll Rand ('l).‘ Inland Steel (4) Ins ctfs (Md) (800) Interboro Rap Tran.. Int Agricul Chem. ... Intl Bus Mach (n6)., Intl Carriers (50¢; Intl Cement (4) Intl Combustion. Int Comb Eng p Intl Harvester (2 Intl Hydro E1 A (ll) Int] Match pf (4).... Intl Nick of Can ( Intl Pap & Pow (C).. Intl Pap & P f (T) Intl Printing Ink. Intl Salt (3) Int Shoe (3) Intl Tel & Tel (2) Inter Dept Strs (2) Investors Equity. Island Cr Coal (4). Johns-Manville (3) Kayser Jullus (3%). = N R T R TP Kelly-Spring Tire. .« $% pf.. 2 Kelly-Sprin Kelsey Hay Kelvinator Corp Kendall Co pf (6) Kennecott Copper(2) Kinney (GR) pf (8).. Kroger Gro&Bak (1 Lambert Co (8)..... Lehigh Port Cmt (1) Leh Port Cem pf (7). Lehigh Valley Coal.. Leh Val Coal pf (3).. Leh Valley (3%).... Lehman Corp (3) Liggett & Myer (15). Lig & Myers B (15) .. Lima Locomotive Link Belt (2.40).... Liquid Carbonio u). Loew’s Inc (3). Loew's pf xw (l‘fi) Loft Inc Loose-W Lorillard (P) Co. Lorillard (P) pf ( Louts & Nash (1) Ludlum St MacAn & For (2.60) MeCall Corp (2%4). McKeesp T P (14%). McKesson& Rob (1), McLellan Store, Mack Trucks (4).... Macy & Co (nt3). Magma Corper (3) Manati Sugar pf.... Man Elev mod g (45) Manhat Elev gtd (7). Mid (1. Marshall Fleld (234). Mathieson Alkall (2) May Dept Strs (n2).. Mexican Seaboard... Miami Copper d-Cont Pet ( Midland Steel u) Minn Moline Pow. Minn & St Louts. M StP & SSM Isd (l) . Mo Kan & Tex (8)... Mo Kan & Tex pf (7). Missouri Pacific..... Missouri Pac pf (5).+ Mohawk Carpet, . MonsaAto Ch (g1 ’A ). Montgomery Ward. . Mother Lod, Motor Meter G & EI Motor Wheel (3).... Murray (B)(2% stk) Nash Motors (4)..., Nat Acme (80¢)... Nat Cash Reg A (3). Natl Dairy (2.60).... NatDist Products(2) Nat Lead pf (B) (6). Nat Pow & Lt (1) Nat Radlator. . Nat Ry Mex 2d pf. Nat Steel (2).....cem Nevada Copper (1).« Newport Co (2) Norfolk&W: North Am Aviation. Nor Am (b10%stk) Northern Pacific (6). Oh1o 011 Co (2). .. .4 Oliver Farm Equip.. Otis Elevn (2% ).... Otis Steel. . - Owens 111 Glass (3) Pacific Coast. ... Pacific Coast 2d pf. Pacific Gas & El 62) .. Pacific Lighting (3). Pacific Milis. Pacific Tel & Pack Mot Penick & Ford (1). Penney (4 C) (3) .. p nney (JC) ofA ) People’'s Gas Ch (8 Petrol Corp (1%) Phila Read C& I. Philip Morris&Co(1) Phillips-Jones Corp. . Phillips Pet (2).. Pittsburgh Coal. Pitts Screw (1.40)... Pitts Steel pf (7) Pittston Co (1%) Poor & Co (B) (2). o 3 Addo0 3 97 Gen Baking pf (8)... 50- e CTT - CTSPISTRIeS -t O UPUPRE - o) » men 103 u_;v Close. clou 108 9 D. C., SATURDAY, JANUARY 10, 1931, STOCKS ARE FIRM PROSPECTS LISTED AT SHORT SESSION Narrow Price Changes Oc- cur as Selling Pressure Declines. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, January 10.—Quiet but steady, today's week end stock market fluctuated over a narrow range. There was no renewal of the flurry of selling which marked the last half-hour of trading on Friday, but on the other hand there was no resumption of the advance. First_quotations were a shade under the finals of the day before, but that loss ‘was soon made and thereafter the market drifted aimlessly. The feature was the failure of liquidation to develop, following the weak close in the preceding session. A month ago a selling wave of that sort would have brought heavy offerings at the the next morning, but it did nothing of the sort today. ' All of which speaks significantly for the improved techninal tion. Chemicals Sell Off. ‘The price cutting in the chemical in- dustry was reflected in another new low for Allied Chemical at the opening, but the stock rallied vigorously after the overnight orders had been executed. Doubtless there was some short cover- ing, stimulated by the steadiness in the rest of the list. Skelly Oil directors omitted the dividend on the common stock, but there was only a fractional decline. The preferred sold off a point, but it had had a sharp recovery earlier in the week. Copper stocks were a shade lower, re- flecting the unsatisfactory demand in the metal market, but their losses, too, were insignificant—also indicative of an improved speculative sentiment. On the other hand, United States Steel starting in fractionally lower than Pri- day's close, advanced the second hour, and many other industrials and utilities made moderate lns Price movements in mixed but in the main they he]d '.hek‘ recent advances surprisingly well. They have still to face a series of unfavorable monthly earnings comparisons and have | 1 in their favor only the consolidation outlook and the fact that at their present levels they have discounted about the worst that is likely to happen. New York Central was particularly well supported today. Specialties Group. Among the specialties which made a good showing were the Continental Baking shares. The small amount out- standing in the case of the “A” stock makes for & rapid rise in earnings per share with any increase in the corpo- ration’s net and uently gives that kSue" tr‘dlngwgre(e‘reg’oe It was up a pom or so today. Worthington Vanadium > enjoyed - their veus nmn; market sponsorship. Markets at a Glance NEW YORK, January 10 (#).—Stocks firm; chemicals rally on short covering. Bonds frregular; many issues off frac- tionally. Curb firm; Ford shares strong. Foreign exchanges firm; Canadian im- proves. Cotton lower; local selling. Sugar steady; Cuban support. Coffee higher; anl buying. R;P;IIT OI;P;I‘%OENDTHON Chevy Chase Savings Bank Jashington, in the District of Columbla. S e Ci0ns ST bumiaces o Bicembes TI5M8: RESOURCES. . Loans and discounts. $622,669.13 | Overdrafts 90.82 12,334.07 s 360,088.73 $137.500; fixtires, house,” and . Other assets Total .. .$1,241,403.18 LIABILITIES, Capital stock paid in.. us : UhBvided prois het . Reserves for :fl\ld:nflx, , etc. - $100,000.00 35.000.00 “eon- - T ' ‘l: i ..-31,241,408.18 bl 58 13" EZRA TROTH, Cishier of the above- nainéd ‘Pank. ‘46" solersnly swear. that ine fhove statement’ 13 trle to the best of my cliet; nowledse and billysra TROTH. Cashier. quipscribed, and no‘mflw before ms this th day of January. (seal) 1. VAUGHN BOWLY. Notary Pubile. Correct—Attest 2 Directors. Charter No_ lodie. ~Reserve District No. & REPORT OF, CONDITION Federal-American National Bank & Trust Co. Of Washington, in the District of Columbia, at the close of business on December 31, 1930 RESOURCES. . Loan and discounts........$14,941,841.21 579.71 508,539.67 1,480,101.67 1,175,432.93 1,000,221,51 1,284.368.76 2/356,867.80 113,756.94 with " Federal "Re- . Redemption funid’ wits U 8. Treasurer and due from U. Treasurer . . Other ~assets. Total.... LIABILITIES. - Gupital stock paid in.. . Surplu: KR Undivided” profits-riet ' . Reserves for dividends, tingencies. etc. B . Reserves for inierest, taxes and other expensés ac- $2,000,000.00 1,000,000.00 '490,526.97 408,697.91 con- 32,120.95 50,000.00 crued and unpaid. . Circulating notes ouisiand- . Dugtto banks, inéliding cér: tfned and cashiers' checks outstanding . Demand deposits” 23 Time deposits . . United States dep . Bills payable counts ... . Other liabiiities 1,506,008.75 1 10.388811.27 Ti169,08008 1534.41 W Fedis- 700.000.00 tal 29 oity ot Wuhlnlwn Bistrice of Contmbias BOYER. cashier of the above- naimed. ba nk, do solemnly swear that the above statement is true to the best of my Knowledse and belles. CHAS. D. BOYER, Cashier. Subscribed and sworn to before me this uary. 1931, MILLARD ‘8. YEATMAN, Notary Bublic, I.'C. My commission expires October 6, 1931 Geo. E. Walker, . Perry West, - Barr, a Barnes, Leon Tobriner, Byron 8 Adum . Brown, Ym. Johiy Evnon, Hadiy B Pete B § opening | IN LEADING SSUES Statistical Firm Takes Look at 1931 Possibilities in Big Industries. Special Dispatch to The Star. NEW YORK, January 10.—The posi- tion of leading lines of industry as to prospects for 1931 is listed as follows by the Standard Statistics Co.: Most promising—Chain stores, ciga- rettes, dairy products, electric light and power, package foods, shipbuilding, spe- clalty bakeries, telephone. |—Beverages, chemicals, refriger- packing, motion ir—Agricultural machinery, auto- mobiles, automobile tires, automobile parts, bread bakerles, building, canned foods, cement, cigars, department stores, electrical equipment, fertilizers, flour and feed, machinery, mail order, office equipment, paper, petroleum, railroads, railroad equipment, shoes, steel, sugar refining, telegraph. Poor—Aircraft, apparel, coal, copper, cotton goods, electrical household sup- f)lles, floor coverings, furniture, lead, enher lumber, o, rayon, shippin, 0ods, sugar producing, tin, tra tlons, woolen goods, zing. REPORT OF CONDITION i OF THE Seventh Street Savings Bank Of Washington, in the District of Columbla, at the close of business on December 31, 1930, RESOURCES, . Loans and discounts $1.482.130 14 100.35 ned ,960. her bonds, l(nck! lnd se- 19, i Shmes : ra 17, 19. Renerves for interest, and other expenses and unpatd . . Due_to bank: & cer- tined and cashiers ehecks outstanding . 22. Demand _deposits 23. Time deposit 100,000.00 54,800.11 6,000.00 17.481.17 788,035.20 1,138,254 56 Total . Distriet of Coliiibi JOHN M. DeMARCO, cashier of the abovepamed bank, do solémnly’ swear that the above statement is true 1o the best of my knowledge and_belief. Subscribed ana sworn, 10 berere M Thi n to ath day of Jenuary. 1831, 5 A HARLA! Notaty Puniic. 35 3 Tome HARRY KAUFMAN, Directors. Correct—Attest: 2001 16th Street Three Rooms, Kitchenette and Bath Electrical Refrigeration Reasonable Rentals First Mortgage Loans In Arlington County and Alexandria, Virginia Commonwealth Investment Co., Inc. 806 15th St. N.W. Phone Natlonal 2623 Mortgage Loan Correspondent for The Prudential Insurance Co. of America Money on Hand to Loan on First Deed of Trust 6% Interest Reasonable Commission and Prompt_Repiies to Applications JAMES F. SHEA 643 Louisiana Ave. N.W. Money to Loan Secured by first deed of trust on real estate. Prevalling Interest and commission. Was Joseph I. 3,50r10 Year Loans On Improved Real Estate N MONTGOMERY TouNT v MUANSOMARE S8TRicr” or *CoLuMBiA LOWEST INTEREST RATES B : Founded 1907 LPS Loan Correspondent John Hancock Mutual Life Insurance Co. 1417 K St. National 9300 First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. On our liberal 20 monthly repayment plan. No indorsers required. A strictly dignified and confidential servic Maryland Permnl-l Banl:en, 285 Peoples Personal Blnken, 1308 Rhode "‘.n'lnvvc' Mt. Rainier, Md.| Phone: ille 1730-71 Telephone National 5000 For immediate delivery of The Star to your home every evenlnl and Sunday morning. Route Agent will collect at tha end of each month, at the rate of 1%, cents per day and 5 cents Sunday. FINANCIAL. BANK IS REOPENED. Gretna, Va., which was closed on De- FNIME & cember 22 “to protect depositors,” has | has a uIIP:d“ T = American Securlty ::d Trust Company Of Washington, in the District of Colimbia, at the close of business on December 31, 1930, $18,: 820.2.' 59 7,400, nl 3“ 6,454,305.00 1,623,541.32 ,148.00 3,808,134.33 216,741.21 549,348.20 -$38,464,948.48 1. 2. fts 3. United lhle‘ Government. Securif 4. Other bonds, stocks and securities owned. . 6. Banking house, $1,384,014.79; furniture and 7. Real estate owned other than banking house. 9. Cash and due from banks. . Qutside checks and other cash items. Other assets Total.ceeeusesrnnnenannans teesssrertattnananinn LIABILITIES., 10. 14. + $3,400,000.00 3,400, 000 .00 749,336.79 229,612.88 156,483.98 1,536,910.25 15,438,661.76 13,511,175.34 42,767.48 ..$38,464,048.48 CHARLES E. HOWE treasurer of the above-named bank, @0 solemnly swear 'that the above statement is true to the bm of my knowledge and belief. HARLES E. HOWE, Tr suhscr)ibed and sworn to before me this sm day of January, 1931, i (Se WM. H. DORSEY, N My eommlulon expxm July 15, 1932, T, Correct—A 15. Capital stock paid in 16. Surplus 13, Undivided profits—net. 18. Reserves for dividends, contingencies, etc..... 19. Reserves for interest, taxes and other expenses 3. 31. Other l!nbumu CORCORAN THOM, W. MONTGOMER HOWARD MORAN, WM? PLATH!RY Jr., Directors. First Mortgage Loans On Improved Real Estate in the District of Columbia and Nearby Maryland and Virginia for 3, 5 or 10 year terms on your New York Life Insurance Company 1321 Connecticut Ave. FIRST MORTGAGES IT’S AN INSPIRING FEELING to know that you have invested money at a liberal earning rate —covering a period of years— and that the principal is surely secured. Ower a Third 2 G You enjoy both the generous return and the certain security— with an investment in our 6% FIRST MORTGAGES Century Without & May be purchased in amounts from $250 up. F. SAUL CO. National 2100 925 15th St. N.W. THERE IS NO SUBSTITUTE FOR SAFETY oo DL AL ACACAL AL AL AL AL ACAALALALACALACALALALAALA Harvest Month’ ANUARY is the Harvest Month for the investor. Do not permit your incoming interest and divi dends to idle—immediate re-inmestment insures against lJoss. Your funds, harvested during January, can be re-invested safely and produc- tively in the 6 per cent First Mortgage Notes sold through Swartzell, Rheem & Hensey Company. Placed in these securities which are based on thor- oughly investigated and improved Washington properties, they will eam you a steady, assured income, These Notes embody the two essen- tials of sound investment—high mar- gin of safety and attractive yield. Their safety is attested by ‘their record of NO LOSS TO A SINGLE INVESTOR IN MORE THAN 61 YEARS. Commandlatmolowolflcert advise you of the attractive offerings we now have available SWARTZELL, RHEEM & HENSEY CO. MORTGAGE BANKERS 727 15 STREET N.W./ WASHINGTON D.C. ----'-----'v-- B AN S Story—Starts Mondg ’.-..—._...