Evening Star Newspaper, March 18, 1931, Page 13

FINANCIAL THE EVENI FINANCIAL *¥® A_13 " UTILITY COMPANY HAS BIG HOLDINGS Central Public Service Cor- poration Operates in 588 Communities. BY EDWARD C. STONE. Financial Washington is intensely in- terested in facts about the Cential Pub- lic Service Corporation of Chicago, which, according to announcement by Albert E. Plerce, president of the com- pany, has entered into a ma contract with ‘the Washington Light Co. The size of the Chicago concern is almost amazing. Public utility serv iCE! is now being supplied by Central Pub- lic Service to 588 communitics in the United States and to 97 communities in United States possessions, in Can- ada and other foreign coun! while the territory served has a population of 4.900,000, according to the latest report made by the compan | The latest statement put out by the| Chicago company, which is right now of such timely loca! interest, shows that the firm is already or ting quite ex- tensively in Virginia and Marviand and Gas agement | has been for a long time. Utility_plants at Hagerstown, Md., Roanoke, Lynch-| burg. Norfolk and Portsmouth, Va., are | among the subsidiaries | Largest Communities Serced. Central Service recently announced | that communities served, which have a | population of more than 50,000, inclide | Seattle, Wash.: Portland, Oveg.; At-| lanta, Ga.; Hunti . Va: Rock- ford, TIL:" Roenoke, Charleston, 8. C.; Augusta und M Ga.. Mobile and Montgome:y, Ala.: Port Arthur, Texas; Portsmouth, Ohio: ,San_Juan, Porto Rico: Wheeling, W. Va.; Greens- boro and Charlotte, N. C. Other communitics in_ which the company operates are Norfolk and Portsmouth, Va.: Palma, Malorca; Manila, P. I; Port aj Prince, Haiti: Las Palmas and Santa Cruz, Canary Islands: Durham and Asheville, N. C. ‘Towns of over 25,000 in which the company operates - are Muncie, Ind.; Hagerstown, Md.; Anderson, Ind: Ash: land, Ky.; Pensacola, Fla.; Lynchburg, Va.; West Palm Beach, Fla.: Salem, Oreg.: Raleigh, N. C. and Santo Domingo, Dominican Republic. The vast territory over which the company operates is al:o revealed in the list of places of more than 20.000 population, This includes Tuscaloosa Ala.; Bluefield, W. Va.; Rome, Ga.: Marion, Ind; Johnson City, Tenn.: Freeport. Ill.: Anniston and Gadsden, Ala; High Point, N. C, and Para- | naque, P. L [ Other Companies in List. | Other communities in which the utilities are handled by the Chicagd firm are Vincinnes, Ind.: Owosso, Mich.; Martinsburg, W. Va.; Decatur, Ga.; Ironton, Ohio; Calumet and Ben- ton Harbor, Mich.; Selma, Ala.; Van- couver, Wash.; Athens, Ga.: Rocky Mount, N. C.: Pasay and Caloocan, P. I, and Santiago, Dominican Re- public! 3 Still_other companies affiliated with (Central Public Service are Suffolk, Va.: Garland, Mich.; Brunswick and Val- dosta, Ga.; Decatur, Ala.; Mount Clem- ens, Mich.; Portsmouth, N. H.;" Cham- bersburg and Henover, Pa. Elwood, Ind.; Key West, Fla.; Gastonia and Wil- son, N. C.; Alpena, Mich.; Lincoln. Ill Waynesboro, Pa.: Sault Ste. Marie, Mich., and San Pedro, Dominican Re public. Central Public Service recently re- ported assets in excess of $400.000.000 and an increase in earnings in 1930 over 1929. The companies making up the powerful corporation handle all kinds of utilities, some having manu- factured and natural gas,.ethers elec- tricity, still others the operation of electric street railroads. New Merchants’ Transfer Director. Fleming Newbold, business manager of The Evening Star Newspaper Co. was elected a director of the Merchants’ Transfer & Storage Co. at a meeting of the Board of Directors of the firm ves- terday. Mr. Newbold’s election fills a vacancy on the board created through the death of his brother, John Newbold, last month. The Board of Directors of the Mer- chants’ Transfer & Storagz Co. also de- clared a regular quarterly dividend of | $1.75 a share on the preferred stock. | The dividend is payable April1 to stock- holders of record March 21. Today's Trading on Exchange. Capital Traction bonds led quiet trad- ing on the Washington Stock Exchange today, $1.000 selling at 81 and $7.000 at 807, Washington Gas 6s, series A, moved at 1013;. In the stock division| five small sales in Federal-American National Bank stock took place at 50 and 10 shares of Potomac Electric Power 51, per cent preferred came out at 1101;. No sales were recorded in Capi- tal Traction. the closing quotation, ex- | dividend, being 35 bid and 36 asked. Heard in Financial District Directors of the American Security & Trust Co. at a meeting late yesterday declared the usual quarterly dividend of 3 per cent, payable April 10 to stock- holders of record March 31 At the annual banquet of Rhiladel- phia Chapter. American Institute of Banking, you Washington bankers in attendance included I. J. Rober! A. Soper, T. Hunton Leith, Fr Perley, Miss Mildred Woodcc Catherine M. Kreig, the Misses V. and Rose L. Royce Norris. 3 the Quaker City ch: hotel dining room space to capacity. The March bulletin Bankers’ Association, the recent Central agement Conference the work of Robert dent of the Riggs 1 Bank i the part he played as chairman of the | very successful meeting | Leon G. Simon will address the Dis- | trict Underwriters' Association at the monthly meeting tomorrow noon at the Hay-Adams House. He is presids of the New York Und and is a writer of note on insurax subjects. Members of the W Club are looking f tomorrow’s address by head of Clay’s Investment Service, and was formerly with Moody. The luncheon { meeting is at the Carlton Hotel D. M. Collins & Co. announce appointment_of William F. Mannin economist. N nning was finar; editor of the New York World a formerly was with the Washington Post and the Philadelphia Public Ledger. | BOND & SHARE OBTAINS $200,000,000 CONTRACT Epecial Cable Dispatch to The Star. BUCHAREST, Marc! 18.—Electric Bond & Share Co. of New York has just closed a contract with the Rumanian government_involving eventually $200.- 000,000, including an immediate loan of $10,000.000 to the City of Bucharest, according to an announcement from officials of both the government and the company. The American company, following in the footsteps of International Telephone & Telegraph, which now controls all Rumanian telephones, plans to take over the electric power of the entire country, beginning with Bucharest. Under the direction of H. P. Jackson, a staff, which sometimes numbered 16, worked for several months toward the contract, compilirg data from every | Mabel of ere and lauds | pr Bor gton [t aring { corner of Rumania. A high official stated today that the recent $50.000.000 | Paris loan was & drop in the bucket compared with the importance of this 2 tract. s s (Copyright, 1931) _ o NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Note—All stocks are sold in one hundred-share lota excepting those designated by the letter s (80s) (2508), whicl shows those stocks were sold in odd lots. Individual sales compiled te noon—complete in 5:30 Edition. ~Prey 1931 High. 1414 2315 118 T 109% 10% 9% 12% % | 120% Stock and Low. Dividend Rat 9 Abitibi Pow & Paper 16'% Adams Exp (1.60) 2214 Adams Milifs (2). 5% Adv Rumley (new).. % Ahumada Lead 9215 Afr Reduction (t414) 6% Air Way Elec Appl.. 7 Alaska Juneau (40c) % Alleg Corp. . 147% Allied Ch & Dye (n6) 122 Allled Ch & D of (7). 3274 Allis Chalmers (3).. 15 Alpha Port Cmt (2). 1614 Amal Leather pf.... 17's Amerada Corp (2)... 20 Am Agri Ch of Del 32 Am Br Shoe (2 40) £14 Am Rrown Bov Elee. 45% AmBrBEDpPf (7)... 106% Am Can (15). | 297 Am Chain (3). 281 Am Chicle (43) 14% Am Colortvpe (1.40). 9 Am Comcl Alcohol. . 19 Am European Secur. 26% Am & For Power. ... 74 Am & For Pwpf (6). 714 Am & For Pow 24 pf. 7 Am HawaflanSS.... 1% AnmrHide & Leather. 1015 Am Hide & Leath pf. 47% Am Home Pr (4.20). 230 Amlee (3)........e 181 Am International... % Am La Fr & Foamite 20% Am lLocomotive (2). 724 Am Locomot pf (7).. 21 Am Mch & Fdy 1.40. 16% Am Metal Co.. . 20 AmNa' Gaspf (T).. 45 Am Pow & Lt (21).. 947, Am Pow & Lt pf (6). 80 Am P & L pf A st (5) 15'% Am Rad & St San (1) Am Republies ..... ¢ Am Rolling Mills. .. 7 Am Safety Razor (5) % Am Ship & Com..... 4015 Am Sm & Ref (4). 315 Am Sm & R 24 pf (6) 5 Am Solv & Chem 25 Am Steel Fdy (3 423 Am Sugar Ref (5)... 96 Am Suzar Ref pf (7) 1761 Am Tel & Tel (9). 104 Am Tobacco (18). 104% Am Tobacco B (16). 4 124% Am Tobacco pf (6).. 9% 58 127'% 103 4 170 50 102 45% . % 53% Am Water Wks (3).. 541 Am Wat Wks cfs (3) 674 Am Woolen. .. 21 Am Woolen pf. 415 Am Zinc Lead & Sm. 29% Anaconda Cop (214). 22 Anaconda W & C (1) 27 Anchor Cap (240)... 13% Andes Copper (1). 15 Archer-Dan-M (2) 60 Armour of Del pf (7) 2% Armourof Il A..... 4 Armour of 111 B. Armour of Tl pf. . 2% Arnold Constable. 19% Asso Apparel (12) 22 Asso Dry G (23%). 261 As0 01l (2)........ 17814 Atch To & S Fe (10). 102! Atch T & § Fe pf (5) 105 At Coast Line (10) 18 Atlantic Refining (1) £% Atlas Stores (nl1)... 101's Auburn Auto (f4)... 3 Aviation Corp of Del 20% Baldwin Loco (1%). 8815 Baldwin Loco pf (7). 6814 Balto & Ohio (T).... 724 Balto & Ohlo pf (4).. 11% Barnsdall (A) (1)... 267 Bayuk Cigar (3). vuk Cig 15t pf (T) trice Cream (4).. Beatrice Cr pf (7). Bendix Aviation (1). Best & CO (2)....... 45% Bethlehem Steel (6). 114% Bethlehem St pf (7). 24 Blaw-Knox (1%)... 20% Bohn Alum & Br1%. 60 Bon Ami (A) (4)e... 6714 Borden Co (k3) 20% Borg. Warner (1). 15 Botany Con M (A). 1613 Briggs Mfg (t1%) 15% Brockway Mot pf. 58% Bklyn-Msn Tr (4)... 85% Bkiyn Man Tr pf (6). 25 167 + 52 Bklyn & QuT pf (5). Bklyn Union Gas (5) 515 Bruns Ter & Ry 8. Bucyrus cv pf (2% Budd Wheel (1). 11% Bullard Co.... 11% Bulova Watch (1 15% Burns Bros (A) 22 Burns Bros cum pf.. 21% Burroughs A M t1%. 231 Bush Terminal (2%) 100% Bush Term deb (7).. 115 Butte Copper & Zinc. 12% Butterick Co. . 37% Byers (A M). 6 997 Byers (A M) pf (T).. 42% Calif Packing (4). & Calumet & Hecla. ... 11% Camp W&C Fy(1)... 29% Canada Dry G A (3). 3815 Can Pacific (2%).... 17% Cannon Mills (1.60). B1% Case (J ) (6)...... 26% Caterpillar Trac (14) 11 Celanese Corp. 5% Celotex Co. 22 Celotex Co pf..... 1915 Cent Aguirre As 13%. 4 Century Rib Mill; 2215 Cer de Pas Cop (2).. 2% Certain-teed Prod. .. 11 Certain-teed Prod pf 12 Cheeker Cab Mf&. 3915 Ches & Ohio (2%)... 40 Chesapeake Corp (3) 3 Chi & Alton pf. €% Chi Great Western. 19'% Chi Great West pf. 5% Chi Mil St P & Pac 9% Chi Mil St P& Ppf.. 32 Chi & Northwest (4) 103 Chi&N W pf (T).... 4 Chi Pneu Tool...... 4 Chi R I & Pacific (5). 94 Chi R 1& Pacpf (7). 10% Chickasha Cotton Oil 2513 Childs Co (2.40)..... 26 Chile Copper (2) 4 Chrysler Corp (1)... 35% City Ice&Fuel (3.60) %) 77i City Ice & F pf (8%) 27 2% City Stores 4 1424 Cocoa-Cola (173). .. 47 Colcate-Pal-P (234). 9 Collins & Atkman. .. 914 Colonial Beacon..... 217 Colo Fuel & Iron (1). 33% Col Gas & El (2).... 100 Col Gas & El pf A (6) « Col Graphoph (a%). 73% Columbian Carb (t6) 181 Comcl Credit (2).... 7615 Comcl Cred 18t (6%4) 21% Comel Cred pf B (2). 25 Comm Inv Trust (2). ‘omel 1 T cv pf (e6) . 5% Comm Solvents (1).. Cmwlith & Sou 160¢) . 9135 Cmwlth & Sou pt (6) » Congoleum Consol Ciga Consolidate Consol Film pf (2).. #2/% Consol Gas N ¥ (4).. 101'; Con Gas of NY pf(5) 344 Consol RR C pf (6).. 4 Consol Textile...... 5 Container Corp (A) 2 Container B. . 17% Contl Baking A.. 2i¢ Contl Baking B. 67% Contl Baking pf 47 ContlCan (2% 10% Contl Dia Fibre (1) 41 Contl Insur (2.40) 2% Contl Motors 91 Contl Oil of De 81, Cont Shares. 761 Corn Prod (13%). 8y Coty Inc.... 27 Cream of Wh 4 Crown Zellerback. .. 102 Crucible Steel pf (1) ne Prod. . : n Do Sugar 41 Cudahy Packirg (4). sublish pf (1) Curtiss Wright Corp Curtiss Wr Corp A.. 28 Cutler Hamme 13% Davison Chemical 141 Delaware & Hud «9). 79 Del Lack & Wn (8). 27% Denver & RG W pt. 14% Diamond Matchaeeee » e 2 6 1 2 1 bt 2 2 puwamS et R waT el an e an s nanRenne~ ESS 2 S »3 AN EN eS8 aE w e A - [ 2 1 10 6 1 1208 308 30 Add 00. High. 11 21% 28% 11 % 102 6% 815 o 155 123% 268, 44 10915 15 6% 2114 843 24% a3 87 19% 1% 997 10% Prev Low. Close. Close 107 21% 28% 10 % 997 L3 814 al 214 28% 104 1% 102% 614 815 o 15413 1234 36% 17 20 1815 2314 1% 211 28% 107 100 o 81 9% 150% 1234 364 18 20 1% 314 ~Prev. High. Low. 26 10 83% 151 89% 49 364 44 1% 58 T0% 111 1931~ sStock ana Bales— Dividend Rate. Add 00. High. Dlamond Mtchpf 1% 3 Drug Corp (4)...... 16 Dunhill Internat.... 1 Dupont de Nem (4).. 14 Eastman Kodak (18) 17 Eaton Axle (1.60). 10 tilec Auto Lite (6, 40 llec Boat. . ari Elec Pwr & Lt (1)... 18 Elec Pow & Lt pf (6) lec Pow & Lt pt (1) lec Stor Bat (5) ndicott-John (5)... ndicott-John pf (7) ng Pub Sve pL 6)... rie RR ureka Vac Cleaner. vans Auto Loading alrbanks Co pf. ... ederal Screw Wks. . 24 611y 5l 83u 143% Fid Ph Fire In (2 60) Fifth Ave Bus (64c). Firestone T& R (1). FirstNat Strs (214). Fisk Rubber. o Florsheim Sh pf (6). Follanshee Bros. Foster Wheeler (2).. Foundation Co. Fourth Nat Inves ox Film A (4) Freeport, Tex (4)... amewell Co (5) n Clar pf (7) ec (1.60) ec spec (60c). Focd Corp (3) 1A (ed0c). en Motors (3) en Motors pf (5). en Outdoor Adv. ... en Out Adv A (4) en Ptg Ink pf (6).. ien Pub Sv 06% stk, Ry Stgnal (5. actories (4) Gen Theater Equip. . Gillette Saf Ragor. Gillette Saf R pf (5). Gimbel Bros Glidden Co. obel (Adolf). v Gold Dust (214) . vees Goodyear ' Goodyear 1st pf (7). Grand Union. Grand Union pf (3). Granite City St (3).. Grant (WT) (1).... Grt North pf (5) Grt Nor Ore (2). Grt Western Sugar. . Grt West Sug pf (7). Grigsby Grunow. . Guantanamo Sugar. . Hacken pt A (1%) Hann Dept Store: '« Hartman Corp (B 2 Hayes Body........ Hershey Choc (5).... Hollander Sons. ..... Holland Fura (12%) Houdallle Hershey.. Houston O11 « Houston Ol Howe Sound (3)..... Hud & Man Ry (3.50) Hudson Motor (1)... Hupp Motors. . Illinols Central (1) Illinois Cent pf (6).. indian Motor Cycle. . Indian Refining. Indust Rayon (4). Inspiration Copper-. . Insuranshar Del 40c. Interb Rap Transit. . Intercont Rubber. Interlake Iron (60c). int Agricultural. ... int Bus Mach (n6) int Carriers (26¢)... Int Cement (4) int Combustion. .. Int Harvester (234).. Int Hydro E1 A (e2). int Match pf (4). int Nickel (60c) . Int Nick Can pf (7).. Int Paper pt (7). Int Paper & Pow A.. Int Paper & Pow C. It Pap & P pf (1)... Int Salt (3). Int Shoe (3). Int Tel & Tel Inter Dept Strs (2).. Investors Equity Jewel Tea (4). .. Johns-Manviile (3).. Jones & Laug pf (7). 2 Jordan Motor Car... Kans City Sou pf (4) Karstadt(R) (a1.03). Kayser Julius (2%4). Kelly-Spring Tir Kelly-Spr T 6% b Kelly-Spr T 8% pt Kelsey Hayes (2). Kelvinator Corp, Kennecott Cop (2) Kinney (G R) pf (8) 10s Kolster Radio...... b Kolster Radio ctfs Kresge (SS) Co 1.60. Kreuger & T (a1.60). Kroger Groc& Bak(1) Lambert Co (8). Lee Rubber & Tire Leh Valley Coal. Leh Val Coal pf (3 Leh Valley Lehman Lehn & Fink (3).. Lib Ow Ford Glass. . Li7g & Myers B (15) Lima Locomot (m2). Liquid Carbonic (4) Loew’s Inc (3)...... Loew's pf xw (6%).. Loft Inc. .. . Loose-Wiles (12.80). Lortliard (') Co. . Lorillard (P) pf (7). Louisiana Oil LouGa EA (1%) Louls & Nash (7). 2 Ludlum Steel 4 MecCall Corp ( o McCrory A (2)..eoee 2 McCrory pt (6) 60 Melntyre Porc M (1) 8 McKeespt Tin P(15). 5 McKesson & Rob (1) 26 McLellan St pf A (6) 1008 Mack Trucks (3).... 4 Macy & Co (n13).... 3 Mad Sq Garden (60c) Magma Copper (2) Manati Sugar... Man Elev mod g (d5) Maracaibo Oil Exp Marine Mid (1.20)... Marshall Field (2% ) Mathieson Alkall (2) May Dept Strs Mavtag Co. e Maytag Co 18t pf (6) Melviile Shoe (2). Mengel Co. Mexican Sea Mjd-Cont Pet Midland Steel (3). MStP&SSM Mo Kan & Tex Missour Fac pf «5). Monsanto Ch W(1%) Montgomery Ward. . Motor Meter G & E! Motor Products (2).. Motor Wheel 13).., Mullins Mfg........ Mullins Mfg pf (7).. 20 Munsingwear (3)... Murray Corp. h Motors (4) Nat Acme (80¢). Nat Belia Hes: enumafonans ® T S R PR CUPRR S Jops o JRTOF - - JOTNS 1O PO 43 59 107T% _.n_.. §Continued on Pags Nat Biscult (2 80) Nat Biscuit pf (7)... Nat Casl Reg A (3). Nat Datry (2.60).... Nat Dist Prod (2),.. Nat Pow & Lt (1). Nat Radtator Nat Steel Nat Suppl. Nat Supply pf (7). 8214 151% 307 ATy 834 404 " B 50% 50 62 62 109 109 4y ™ 100% 615 109 9 | Central | Wall Street axiom t bred | “after the RAIL STOCKS WEAK IN DRAGGY MARKET Remainder of List Displays Irregular Trend on Bearish News. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, March 18.—Weakness in the railway shares was the outstand- ing feature in today Practically all the members of the group declined on a moderate amount of sell- | ing. Industrials were irregular, holding up temarkably well in the face of the action of the rails, One reason for the pressure on the railroad stocks, which was in evidence from the start, was the weekly report of car loading: These showed an increase |of 41534 cars over the preceding week, but that was less than the scasonal gain and was 150.1 below corresponding 1930 week and cars below the same week in 19 the ars Meeting Postponed. reason was the unc ainty Jut so many railway dividends. Post- nement of the meeting of the Balti- & Ohio directors for a week pro- d the doubt in that c safety - the present scale of disburse- ment on the common shares of many other roads was questioned. New York Central went to a n in the first_hour, although it had be supposed that the market had dis- counted the divid duction here stock went contrary to the at pi rall bad new put.” he di dend was cut just a week ago today, but the stock sold this morning almost 5 points under the closing price the day of the announcemert. Other new I wer: made by Misouri-Kansa St. Lou n Francisco and Re The last-named sold the lowes 1925, suggesting concern over the a of directors of this road at their next meeting. Baltimore & Ohio is the larg- est_holder of Reading. Weakness appeared in Lackawanna, Union_Pacific, a stockholder in both New York Central and Baltimore & Ohio, and in Atchison, making a complete picture of titude toward the ra Industrial List. It was a tribute to the strong _technical position that dustrials held their n as weil they did when the rails were exhib: such sensitiveness to selling States Steel during the was unimportantly ck General_El wa Another ged on the day, ell ted | despite the showing in ti | port General Motors fraction of its best for th American Can ranged higher. The point of importance in the trade reviews of the iron and steel industry was the stress put on the improvement in demand from the automotive dustry. To quote from the iron age ock market. | 54,005 | dustrials had a similar lack of unanim- very | Net e speculative at- | Total moring hours | “Motor car demand for steel is con- | spicuous for its uniterrupted_ex, WE PAY ansion. SAVINGS Develop the Saving Habit Open An Account Here With Only $1 now the advantages ot regul i® may habit opened easily An & nere w made @ can be th an amount and it co; high " rate of 5 t today to buld ount Open Daily 9 to § Saturdays Until Noon National 1381 BUILDING ASSOCIATION 949 NINTH ST., NW. UNDER SUPERVISION OF U S TREASURY| D | Burxlary | Auto | 'D. M. LEA, INC., General Agent | | Film. Utilities were firm but quiet T Every week brings more definite signs of a sustained gain in motor car pro- duction. First quarter output for the United States and Canada is now esti- mated as 700000 cars, while peak pro- duction of the vear is expected to come ‘lram than_ usual, possibly in May or une.” Testimony from this unbiased source went far to explain the persistent strength in General Motors. Elsewhere in the list the amusement stocks were favored, with special strength in Fox With mixed prices, trading dropped to almost stagnant proportions on the Exchange early today. It was, with the exception of the ominous Friday, March 13, the dullest first half hour in more than a month. Trading amounted to 200.000 shares, compared with 500,000 on Tuesday. Prices had an indeterminate trend, | some strength being given the list with | the continued upturn in steel activity, while a few bear operators were en- couraged by the continued decline in car loadings and earnings reports United States Steel at 1451, was 1, | point_higher on the day. This about illustrated the trend of the steels. Call money renewed at 1!, per cent In the rails there were two new lows for the year, Missouri-Kansas- Texas and New York Central. Great Northern preferred and Canadian Pa- | cific were fractionally higher, though the latter'’s latest earnings report | showed a further decline. Active in- ity. Allied Chemical, Eastman Kodak | and General Electric were higher, while Westinghouse, Radio and American Can were lower. Mine shares were un- changed. In the motors Auburn and Chrysler were firm. General Motors and Mack Truck were off slightly. American Telephone was fractionally higher, but other utilities were off. Oil shares were dull. POTATO MARKET. CHICAGO, March 18 (#).—(United States Department of Agriculture) — Potatoes, receipts, 105 cars; on tracks, 230 cars: total United States shipments, 840 cars; stronger, trading moderate; cacked, per 100-weight, Wisconsin round whites, 1.4521.60. tly 1.60; Minnesota rourd whites, 1.35a1.45; Ida- ho russets, No. 1, 1.65a1.75, mostly 1.70a 1.75; few best, 1.85: No. 2, 1.40a145. STATEMENT OF THE CONDITION OF THE RANTEE & ACCIDENT C€O., LTD., OF NEW YORK, N. Y, On the 3ist day of December, 1 auired under Section 647 of 'the Code of Law for the District of Columbia, INCOME. LONZON G premiums interest @ tncom: $8,781.381 93 3, tal income ouns DISBURSEMENTS e dichursements. - rsements.........$10,536,879.51 i $189, !\3’7 fl‘\ 202,276.86 other " assets 181,498.50 Gross assets....... sets not admiited Total admitted assets. 5,806,205.43 LIABILITIES. Tosal unpaid claims Totul unearned her liabi] . $7.602.222.60 3.511,108.82 669.107.81 $800.000 00 1 paid up s over all iiabiiities . 3.133,766.20 Total ... . 115.80,205.43 NET PREMIUMS WRITTEN DURING THE YEAR. District of Columbia $452.40 275.00 () 20,149.31 4,082.40 33,901.00 56.54 18959 64091 2,01121 5.00 18.48 9.216.68 392.08 Capi Total $250,007.89 45,489 07 0.54 2,253,240.18 ty other than % 909,392.80 5" compen- e-ee. 2,792.958.73 Plate glass Steam by Machinery Auto property dam: age 57.335.78 90.485.51 850.763.06 coilision 102,653.29 Property damage and collision other than auto ¢ Credit 284.78 984.76 $73.560.19 Manager. | 32.107.34 845.889.33 vi.... $8.781.381.93 3. M HAINES. U. §. H. LLOYD JONES. Comptro} Sibscribed ‘and sworn to bel 18th day of February, 1931 H, W. BEAL. (Seal.) Seal) Cotary Public, New York County. Clerk's No. 520, Register's 26370, Totals me this 1410 G Street N.W. Washington, D. C. Member Insurance Club of Washington ‘ Equitable éo;Operati;; Bldg. Asrsn.r Organized 187 JOHN JOY EDSON, President | Subscription for the 100th Issue of Stock Being Received We Make a Loan on Real Estate or to Take Up First Mortgage EMEMBER, we have desire to purchase present _indebtedness or Applications receive prompt and courteous attention. Loans Repayable Monthly No Brokerage . . . No Commissions 915 ¥ ST. N.W. Making New F riends Every Wee]( home-o“’ner! are showing an increasing interest the Metropolita}\ Life Insurance Company. Why? —Long Terms —Low Interest Rates —No Life Insurance Required -{ Construction Loans in Any Amount WEAVER BR REALTORS fi 51st YEAR COMPLETED [k WALTER S, PRATT, Jr., Secretary | | } available if you refinance your your property. money home, improve Argentine Exports Drop. PESSIMISM GONE. ' BUENOS AIRES, Argentine, March| CHICAGO, Tl March 18 (Special).— 18 (#)—Exports from Argentin to the |“The most favorable sign which has United States fell off in January of this | appeared in the bond market ARG i vie y!:lr l64.15 Eerrcmt x;‘ndnl‘; .{nau-gg.;:!& general business situation so far in 1931 and imports from the Unite Al Ve - ATgentina dropped 60.72 per cent, sc. | % 08/ improvement in. public. senti cording to Alexander Dye, commercial | Ment,” Halsey, Stuart & Co. state in attache of the American embassy. Ar-|its quarterly review. “The extreme gentine imports from the United States | pessimism of last year appears finally amounted to $5.467.000 in January com- (to have worn itself out,” the review vared with $8,452,000 last year. {adds. “and the public is showing & Exports from Argentina to the United | stronger disposition to face the future States were $2.356,000 in_January com- | with courage than at any time since pared with $6,752,000 in 1930. the collapse of 1929." Experienced Property Management Organized Efficiency We give to the management of property placed un- der our care that personal attention which keeps paying tenants contented; taking all the multitude of incidental worries off the owner's mind—render- ing a detailed statement of our stewardship regu- larly—and with PROMPT REMITTANCES. RANDALL H. HAGNER & COMPANY MORTGAGE LOAN CORRESFONDENT New York Life Insurance Company 1321 Connecticut Ave. Decatur 3600 “The Employells; W(;yroup” | Room 725, Shoreham Building, 15th & H Sts. Practically every kind of insurance except life insurance. Statement of the Condition of The United States Branch Of The Employers’ Liability Assurance Corporation, Ltd. 82% 151 334 48 3314 40% 4 49% 621 10 Washington Building District 9486 Mortgage Loan Correspondent Metropolitan Life Insurance Company Loans made in the District of Columbia and nearby Maryland and Virginia Of London, England On the 31st day of December, 1030, as required under sect 2 Tode 'of Law for the District of Cottmbia o 017 Of the + INCOME Net § rents . premiums ... Total interest and Other “income Total income s i 2 DISBURSEMENTS, Nét amount paid policy stes . A other disbursementa o ocrs, for losses Total disbursements i TS019.18701 Mortgage ioans on stat Coliaterat foans O Tt e5ta Bonds and st e R Deposits fn Premiums. in Interest and Al other $5,082,000.29 office 548.381.55 8.310.295.2% 310:539.25 e of coliection .. due or accrued . Gross assets H Deduct assets not admitted . Total admitted assets .. e LIABILITIES d - premiums ... ot o "'NET PREMIUMS WRITTEN DURING THE YEAR. - @ ot Totsl, 244 District of 102560 g 598 ATV ~4707 32021759 *i5a0a01 . 0 n d Provert> damage ai it Erpoert damage and’eofilison otser iha wits 528,073,420 87 Totals ... cemss fi.- 86. EDWARD C. 5 EDWARD C. STONE. Uniteq States Mnnasor |0 Siates Manager. Bubseribed and sworn tn before me this 19th #ay of Webrusry. Seal CRARLES FLMER HOUGHTON. Notars Publer 2rnsecan 18.341.07 Statement of the Condition of The Employers’ Fire Insurance Co. Of Boston, Mass. @ the 3st day of December, 123, as required under Section 647 of the Code of for the District of Columbis. ¥ INCOLIE. Net premiums , . e, ‘Total interest . $2,507.133. s wEn Total income 5 DISBURSEMENTS. A Net amount paid policyholders for losses... ... $1.345.530 92 All other disbufsements.............. * '11236.800.79 Total disbursements .. 3238234071 By 0 : 0 ] 4.473.776.84 o 180.227.89 431,460 05 34730 45 8.696.00 Bonds and stocks, Cash in company's’ affice’ Deposits i bADKS ....... Asents' balence: S hoses Interest and re T accrued ]l All other assets... Groes assets P v Deduct assets not admitied. Total admitted assets. Net Total Other Capite Surplu Total $5.188.991 23 592.004.72 4,589,796 51 $305.210 30 1.974.622.39 431.740.86 LIABILITIES. d_claims. i . A earned premiums abilities . i paid up ver all liabilities. L . 94,589, NET PREMIUMS WRITTEN DURING THE YEAR. T 0 oF District of Total _Columbia. £1,2)3.678.07 $1,585.17 45735 84 1,130.91803 2.263.90 338406 71.00 22,03 Fire 2 Ocean ‘marine Motar ven. Earthquak: Iniand na Tornado, Hail Fapi Sprinkler ‘leakage Riot. civil commotion and explosion All other earthauake sation ‘and ‘fransportation. 32957 98 windstorm and cyclone ARTEMAS B. POOR, Vite President. - FRANKLIN . HORTON, Secretary. ¥ P Subscribed a1d swern to before me this 26th dax of February. 1931, (seal) CHARLES ELMER HOUGHTON, Notary Public. Statement of the Condition of The American Employers’ Insurance Co. | Of Boston, Mass. | the 31st day of Decamber, 1930, as required 1 L w for the District of Columbia. rm:o:ue e T LN e Net premiums . Total interest and rent l!.lflfl.:’; ;g Other income . 0208 102.049.71 .. $5,7180,221.85 $2.903.214.93 000,155 45 Total income .. JH > e SR mnlSBURSP‘,MENTS. et amount paid policy : A other "didhursements oo, for, losse Total dishursements $5.993.370.38 0.00 o 0.00 000 5,819.475.00 .00 ASSETS estate 3 s gage loans ‘on Collateral loans Real M s s office’ . Deposits in_banks e Premiums in course of collection Interest and rents due or accrue A OREr AL o L iiv s s enesn ot Gross aanets ........... ... Deduct assets not admitted.. Total admitted assets.. Total unpatd claims Total unearned premi, Continent reserve Other _liablity Capital paid uj : Surplus over all iabilities. Total ' NET PREMIUMS WRITTEN DURING THE VEAR. Total $52.548.98 12,026 56 ‘District of- Accident Colug! Health ..~ """ Noncanceilable Auto_liability i 2 Liability other ‘than auio. Workmen's compensation Fidelity surety . Plate gla: Burlary and ' theft Steam boiler . Machinery ... . Auto property’ dams Aute_colfision roperty. damage Colleg| Motals fooe ARTEMAS 5 PEONVSH, dneaT FRANKLIN P. HORTQN Secretary 2 e Pravideee § Subscribed and sworn R brfors me '%%\M; oruacy. 1831 d ‘colliston ‘other than aifo.