Evening Star Newspaper, March 20, 1931, Page 15

IN STRONG MARKET Public Utilities Are Leaders in Upswing—Noranda Bid Up. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, March 20.—Strength and activity marked the performance of leading stocks on the Curb Exchange today. The upswing, as usual, began under the leadership of public utilities, with Electric Bond & Share heading that group, but rapidly spread to other sec- tions. After opening unchanged at 591 on a lot of 4,000 shares, Electric Bond & Share moved ahead about a half point. Cities Service also was far more active than usual, and came within a small fraction of its best level for the year. One of the features of trading in the first two hours was the way traders cen- tered their attentions on a few stocks in each group. Thus Noranda Mines was bid up to a new high after it had opened on a lot of 7,000 shares at 27%, up 3% points. This demand, of course, Was due to President Murdoch’s re- marks about the new gold veins found on the company's property. Aluminum Co. of America, which has | been pushing a line of new products, displayed quite as many wide swings on both sides of the market as it has done on recent occasions. It did not, how- ever, advance rapidly, as was the case in late trading Thursday. Meanwhile other metal shares were virtually neg- lected. ‘Three air shares stood out. Aviation Corporation of America and Douglas Aircraft were rushed to new high alti- tudes, as Consolidated Aircraft nose- dived to a new low. Duke Power bene- fited from the action of the South Carolina Legislature, which killed a Mmeasure proposing & one-half mill tax on each kilowatt hour generated. Elec- tric_Shareholdings and Central States Public Service A hit new highs. ‘The turnover in United Gas, which under way a huge expansion pro- gram, dwarfed all other tradipg in natural gas shares. Pennsylvania Water & Power was down nearly 3 points. Over in the textile division bize Chatillon Corporation attracted atten- tion by its activity and lower quotations, ‘which followed ~unconfirmed rumors that it would be merged with Industrial Rayon and patent litigation thereby avoided by the latter. SHORT-TERM SECURITIES. (Reported by J. & W. Sellgman & Co.) Allis-Chalmers POTIDONE .l 14 Co. 5s el Gen. Mot. Accep. Corp. General Petroleum Corp. General Theaters Equi s of P 1937 Humble Ol 5iss 1933. Internat. Mafch corp. 8 Marland Oil 5s 1932 . N New York, Chl. & St. 6 132 Phillips Petroleum Co. 5i¢s 1939 Pure Oil Slas 1031 . 58 7 01l Co. S 1 N. Jersey 5s 1946 indard Oil N. York 4'ss 1951 L., Ir. Mt. & So. Ry. 5s 1931 I eline Biee] Col ng D, Wheeling Steel Co TREASURY CERTIFICATES. (Reported by J. & W. Beligman & Co, Rate—Maturity. Bid 1388 June 12 doh 4 June 15, ztt‘ Sept. 15, 1931 1%4s Dec.’ 15, 1931 3i5s Mar. 15, 1932 3ifs Sent. 15, 1032 s c.” 15, 1032 DOMESTIC BONDS. ; o 10 Aluminum Cg 6s '52. 1047 5Am Comwih Pw 65 40 19! Low. 1043 791 Note—All stocks are sold in one hundred-share lots excepting those designated I Diose Fiocks were sold (n odd lota. whicl Prev. 1031~ figh. ‘Low. 214 11% 10% 13 1027 115% 204 4 Am British & Cont. .» 4 Am Equi 9714 110 ™ 704 1021 an 2% 1% 45 36% 5415 43 1% S 5% 34 187 9% 88% 824 99 Rl 20% 28! B 81 % 1 5% 3% 8% 5 66% 54 6k 4% 6% bW 8% 4n 20 15 23% 174 8915 85 58 66 58% 56 8 an L) 20 89 8% h 1% 16 S 1% 1% 139% 1% 164 % 153 19 184 31 2 6% Su 387 30% 12% 10 28% 21 8% 40 1 % 2% 1% % 1% 4% 1% 2% % 25 21% 31 17% 9% 14 2% 9 BY% 5% 17 84% 10% % 8w T9% * 1% 1% Dayton Alr & Eng... % Driver Harris new.. % Emp Steel Corp..... % Gen Aviation. 27% 10% 14 354 11% 18 % Gen Laundry Mach THE EVENING by the létter s (80s) (250s), | Hih Sales— 2 Add 00. Open. High. Low. Close. Afliated Prod 1.60.. 46 19% 21% 19% 21% Agfa AnSco. ... 4 10 10 10 Ainsworth Mfg (1). 1 12% 12% 12% Ala Pow pf (6)...... 2! 103 103 103 Ala Pow cum pf (7). 1208 114% 114 114 Aluminum Co of Am 20008197% 191 195 Alu Coof Am pf (6). 2 109% 109% 109% Alum Goods (1.20) .. 4 15% 15% Am Austin Car... 1 1 1 1 1 2% 2% 65 65 38y 884 9 i 16% | 27 10% 1% 15% 6's 29 4% Am Cigar Co.......o 2 Am Cit P&L (A) (a3) Am Cit P&L B b10%. Am Com P A (b10%) Am Com Pr B(b10%) Am Cyanamid B Am Dept Stores Am Dep Str: 164 25 10% 1% 15% 6l 28% 4% 81% 110% T4 2% 37% 52% 1% 45 1814 88 985 2914 an Am For Pow war. Am Gas & Elec (11). Am Gas & El pf (6).. Am Invest Afr Investol s Am Laondry Ma (3). Am Lt & Trac (2%). Am Maracaibo Am Natural G . Am Superpow (40e). Am Superp pf (6)... Am Superp 18t (6).. Am Ut&Gen cu pf(3) Am Utll&Gen (B)vte Am Yvette new wi.. an Anchor PF (b10%). W 4% Appalachian Gas 7 Apponaug Co (2). 675% Arcturus Rad Tub an Arkans Nat Gas A 6 Art Metal Wks (60 Y% Asso Gas & Electric. 224 Ass0 Gas&El A (a2). 23% Assoc G & E pf (5).. 89 Assoc Rayon pf (6). 59 Asso Ray pf cod(6). 59 Atl Coast Fish. .. 5% Atl Fruit & Sugar 1 Atl Lobos pf. . % 24 Atlas Util Corp. 4 K Atlas Utilitles war. 214 Auto Vot M cv pf bt 1415 Aviation Cp of Am. Bahia Corp pf Bell Tel of Can (8). Beneficial 1 L (1%) 82 110% % 2% aTn 53% 1% an 18% 89 9854 29% 4y Slue Ridge Corp. Blue Ridge cv pfal.. Borne-Scrymser Co.. Braz Tr & Lt (b8%). Buckeye PL (4).... Burco Ine war...... Burma rets 27 3-6e.. Bwana M Kubwa. Canada Marcon! Carib Syndicate Carrier Corpora Cent Hud G&E (80c). Cent Pub SvcA b10% Cent Stat El (b10% ). Centrifug Pipe (60¢) Chain Store Devel. .. Chat Ph Al n.v. (1).. Citles Service (g30c) Citles Serv pf (6)... Claude Neon Lits, Ine Colombia Syndicate.. Colon Ol . Col Ol1 & Gas vtc. Cmwith & Sou war., . Com Wat Sv (b6%) .. Consol Dairy Prod. Consol Gas Balt 3.60. Consol Gas Ut A 2.20 Consol Retail Sto; B OIS I IO 01 0008 b et 0030 00 1 1 S Y B « Cosden Oll. .. Creole Petroleum, .. Crocker Wheele: Cuneo Press (232). Curtiss Wright war. Cus! Mex Mining. Detroit Afreraft Cp Douglas Alr (1% Dress SR A (3%) Dresser Mfg B (2).. Duke Pow (5 Durant Moto; East G & F Assoc... East G & F As pf (6) East 8t Pow B (1) ast Utl Inv A. Elec B & Sh pf (6)..1 Elec Pow Assoc (1), Elec Pow Asso A (1) Elec P & Lt op war., El Sharehold (b6%). Emp Corporation. Emp Corp war o Europ E Ltd A (60c) Europ Elec deb rti Fajardo Sugar. Federal Baking Fiat rets (1.25). Fiat Stock deb r Financial Inv N Y .3 Fiorida P & L pf (7). Ford M Can A (1.20). Ford Mo of Fr(p28e) Ford M Ltd (p37%).. Foremost Dairy Pr. Foremost Dai pr pf. Foremost Fabries. Fox Theater Cl A. - ) Gen Baking. Gen Bak pf c.0.d. (3). Gen Elec Ltd (p70¢). Gen Empire Cor (1). Gen G&E cv pf B (6) ® S Gen Thea Eq cv pt 3 Gerrard (SA) Co.... Glen Alden Coal (4 Globe Underwriters. Gold Seal Elec new ~Prev. 1931~ Lew. 23% 1% Received by Private Wire Direct to The Star Office’ Stock and Dividend Rate. Leh Coal & Nav 1.20. Liberty Dafry Prod. deb rt; 28% 1% 201 i 22% 26 Loew’ Lone Star Gi Long Island Lt (60e) Long Isla Lt pf (7).. Louisiana Lan & Bx. Magdalena Synd. Margay. . s Mavis Bottling. Mayflower Asso (2) Mead Johnson (14).. Mesta Machine (2).. Met & Min Ino (1.20) Mexico Ohlo Ofl..... Mid WSt Ut (1%)..1 Mid West Ut (h8%). Mid W Utcv pf xw 6 Mid Roy ev pf (2)... Minne-Honey pf (6).1608 Mo Kan P L (b10%). 6 Mont Lt H& T (134) 258 % Mountain Prod (1).. Nachman Spring. Nat Fuel Gas (1) Nat Investors (new). Nat Pow & Lt pf (6). 4 Nat ST Sec A (250¢) Xat St Corp war. Nat Sugar N J (2). t Unfon Radlo. . vada Cal El pf (7) Newmont Min (4). N Y Steam n (2.60).. Niag-Hud Pow (40c) Niag-Hud Pow A w.. Niag-Hud Pow B w.. Niag Sh Md (40¢)... Nelsner Bros pf (7). 1}2- Nor Am Util See. .. Nor Pipe Line (4). No# & So Am Corp A. Nor Europ Gil Corp.. Nor St Pow pt (7). Nor St Pow A (8) Novadel Agene ¢4). . Ohio Copper. . ©Ohio Ofl n cu pt (6) Outboard Mot A. Overseas Sec. PacG&E1stpf1%. Pac Light pf (8).... 6104 Pac Western Ofl. Pandem Oll......... Parker Rust Pr (3) Pennroad Corp (20 82 B0s 4 Penn Pw & Lt pf (7). Penn Wat & Pow (3) Peop L& P A (2.40).. Philip Morris Ine. Philip Morris A Phillip L Inc B % Phoenix Secur Corp.. Pillot Rad Tube A. Pitney B P n (20¢). Polymet Mfg. ... Power Corp Can (2). ¢ Producers Roy Corp. Prudential Invest. .. Prudential Inv pf(6). Pub Utll Hold Cp ww Pub Utll Hold war. . Pub Ut Hold cu pf(3) Pure O11 pf (6)..e..0 4 Rainbow Lum PrA.. Rainbow Lim Pr B Rayethon Mfg. Reiter-Fost Reltance Man: Reybarn Co. . Richfield 01l Cal pf. Roan Antelope Min Rock Lt & P (90¢)... Rossia Int Corp. Royal Typewriter(3) Ryan Consolidated St Anthony Gold. Scovill Mfg (2).. Seaboard Utll (50¢ Secu Corp Gen (40c). Seg Lock & H (501 Shattuck Den Min. Shenandoah Corp, Silica Gel ctfs. South Col Pwr A (2 South Corp. SouthernNa Sou Pipe Line (2) SW Bell Tel pf (1)... S W Gas Utllittes. Spleg May Stern pf. .575: Stand Motors. ... 1 Stand Oll of Ind (2).. 70 Stand Ofl Ky (1%).. 16 Stand P& L pt (1)..; Stein Cosmetics. Strauss (Nathan)... 4 Stutz Motor (new). Stutz Motor (war)... Sunray Oll (b5%). Swift & Co (2)... Swift Internat (3)... Swiss-Am El pf (8).. Syracuse W Mach B. Taggart Corp Technicolor. In: Teck Hughes (60¢) Tobacco & All Stks Tran Con Air Trai Trans Lux DL P Tri-Cont Corp war. .. Tri Utilities ($1.20)., ‘Tung Sol Lamp (1).. Union Oil Assoc (2) Un Tobacco. Unit Chemical. Unit Chem pt pf Unit Corp war. Unit Founders. Unit Gas Cor) Unit Gas Unit Gas pt Unit Lt &Pwr A Unit Lt& Pwr pf (6). U S Dairy (A) (5). STAR, WASHINGTON, Sales— Au?mmmm’s B 0. TRADE GAINS LAID | TOVETERAN LOANS General Increase in Retail Buying Follows Govern- ment Payment. BY BRADLEY W. TRENT. Special Dispatch to The Star. NEW YORK, March 20.—First defl- nite reports have been received here of the effect on business of the flow of millions of dollars from the Treasury at Washington to applicants for loans |0n veterans’ adjusted service certifi- cates. From well informed sources in the financial district it was learned that the Department of Commerce has received advices that in all sections of the country there has appeared an un- usually large buying wave in the retail fleld. Economists of financial houses here} have been watching closely for indi- cations of trade stimulation from the payments to veterans, which to date have amounted to $104,035,366 on 28 874 applications. It is estimated that the Treasury will be called on to pay about $390,000,000 additional in loans to veterans between now and April 11. Buying Laid to Leans, ‘There is no question, according to these economists, that the increased buying reported to the Department of Commerce is due largely to the loans to veterans, who are taking advantage of current low prices for general mer- chandise. They also point out that, in view of low inventories on dealers’ shelves, this spirited purchasing move will extend to wholesale and eventually to manufacturing fiel One brokerage house’s Washington representative advised that “in high places in the Capital it is said that this buying move signalized the end of the depression and would tend to inspire ter courage for the immediate future.” Norman Merriman, economist for a prominent investment house here, dg- clared today that the funds now being paid out by the Treasury constitute one of the most spectacular additions to the purchasing power of a large group of American citizens that has ever been released in so short a period of time. The sum which the veterans are bor- rowing is a good deal larger than had been expected in financial circles, he said. Effect on Stocks. “This naturally means that the Gov- ernment will be called on to do a greater amount of financing than had been anticipated by most persons, which may cause a_ slight softening in the market for Government bonds” Mr. Merriman said. “However, we think the long-term_effect on the stock market will be of quite a different character, since the release of this huge sum of money should mean an early and im- portant improvement in retail trade throughout nearly all of the United States and a consequent increase in the total of employment a5 well as a stimu- lation of business activity in general.” The decline in retail prices during the last few months is another factor tending to increase purchasing power. The cost of living for the country as a whole declined 10 per cent between Oc- tober, 1929, and January, 1931, accord- ing to the latest figures of the National Industrial Conference Board. Persons whose income has remained stable dur- ing the depression period have therefore had a gain in purchasing power, while those whose money income declined bave at least had an approximate 10 per cent offset to this decline, (Copyrient, 1931) By the Associated Press. CHICAGO, March 20.—Fresh down- turns in grain prices today accom- panied announcements that British mills would hereafter refuse to accept United States Federal inspection cer- tificates on wheat purchases. General rain and snow in Canada was an addi- tional bearish factor. Opening % off to 1 later showed other setbacks. Corn started 1483y lower to 4 higher and subsequently sagged all around. Under selling pressure, wheat soon outdid the season’s low price record. Bears made much of the fact that Ar- gentine, Australian and Russian wheat shipments this week totaled 11,179,- 000 bushels, 8,400,000 more than at the corresponding time last year. It was emphasized that the increase was prac- tically all at the expense of Canada and the United States, and that North American export prospects remained up, wheat poor. Rain and snow making progress east- ward in domestic Winter wheat terri- tory supplemepted the market effect of replenished moisture supplies in Can- da. " Primary Teceipts of wheat were sgain larger, 1,209,000 bushels, com- pared with 925,000 a week ago and 391,000 a year ago. Corn primary re- ceipts continued to exceed those of the previous week and year, but Chicago arrivals were relatively small, 105 cars. Oats were easy, sympathizing with wheat and corn. Provisions responded to a drop in hog values. CHICAGO DAIRY MARKET. CHICAGO, March 20 (#)—Butter— Receipts, 8,705 tubs; firm; creamery, extras (92 score), 29'5; standards (90 score carlots), 2915; extra firsts (90-91 score), 281,a20; firsts (88-89 score), gg:.fzu'l‘,é: seconds (86-87 score), 24'%a FRIDAY. MARCH 20, 1931. Trade Reports at a Glance By the Associsted Press. NEW YORK, March 20.—Tablold review of business condidians in the wholesale and jobbing trade, the retail trade and manufacturfag and in- dustry, as well as the state of collections, reported to Bradstreet's this week from the following centers: ‘Wholesale and Jobbing Trade. Quiet Fair Quiet, Quiet: St. Duluth Omaha . Baltimore Pittsburgh—Shoe output increased; slightly better. Retall Manufacturing Trade. andIndustry. . Quiet i Quiet, 3 4 Quiet. Quiet, Fair Fair Fair scrap market sluggish; plate glass Louisville—"Buyers' week” helps jobbing trade. Cleveland—Garment manufacturers and knitting mills report business picking up; ofl well supply business slack. Detroit—Department stores show gain; other lines 1 February so far. Milwaukee—Some few effects of soldiers’ bonus; auto output equals machinery lines shade better; unemployment eases slightly. Chicago—Steel capacity 60 per cent, encourages buying. last year 90; low-priced merchandise St. Louis—Clothing sales gain; hardware and paint lagging. Minneapolis—Retail trade better; future orders better at wholesale; em- ployment a little better. St. Paul—Retail sales stimulated by advertising, fill-in orders good at wholesale; grocezjes, hardware and building materials improved. Duluth—Some growth in Spring trade, but buying conservative. Omaha—Farm work helps unemployment; implements, autos and bullding material slightly better. Des Moines—Wholesale trade equals Towa erops. Kansas City—Wholesale trade below poor; snow helps wheat crop 1930 in volume snow heips Southern normal; flour trade dull and exports Baltimore—All lines of trade improved; bullding better; manufacturing on good time. BROKER LOAN TOTAL GAINS $94,000,000 Largest Increase Since April 16, 1930, Reported by Federal Reserve Bank. Special Dispatch to The Star. NEW YORK, March 20 —The weekly statement of the Federal Reserve on brokers’ loans showed an increase, the largest since April 16, 1930, of $94,000,000 | history. during the week ended March 18, to a total of $1913,000,000. This compares with a total of $1,819,000,000 for the week ended March 11, and with the low of $1,716,000,000 on February 4, and with $3,841,000,000 for the correspond- ing week a year ago. Loans for own account were $1,373,- 000,000, against $1,236,000,000 a ‘week ago; loans for out of town banks totaled $294,000,000, compared with $293,000,000, and loans for account of others amount- ed to $246,000,000 contrasted with $290.000,000. Demand loans constituted $1,502,000,000 of the total, against $1,411,000,000 a week ago and time loans were $411,000,000, compared with $408,000,000. The New York Federal Reserve redis- couxtx.t rate remains unchanged at 2 per cent UPWARD MOVE NOTED IN BUSINESS INDEX Speclal Dispatch to The Star. BOSTON, March 20.—The united business thermometer has risen this week, and records the position of business at 23.4 per cent below normal, compared with 24 per cent below normal last week. This is slightly above the Febru- ary average of 23.9 per cent under nor- mal. Encouraging signs are seen in the greater stability of wholesale prices, the increase in production of manufactured goods, the rapid absorption of fecent heavy bond offerings, and improvement in agricultural conditions. service believes that the way is now being cleared for general improvement in business, but predicts that-this will come slowly and unevenly. PARIS BOURSE PRICES, PARIS, March 20 (#).—Price changes were irregular on the Bourse today. Three per cent rentes, 88 francs 30 centimes. e per_ cent loan, 103 francs 40 centimes. Exchange on Lon- don, 124 francs 18, centimes. The dollar was quoted at 25 francs 55% centime U. S. MONETARY GOLD LARGEST IN HISTORY Present Holdings Comprise 42 Per| Cent of Total Stocks in World, Report Shows. By the Associated Press. & NEW YORK, March 20.—There is more monetary gold in the United States now than at any time in its The amount, $4,685,000,000, revealed in the weekly Federal Reserve state- ment for March 18, is 42.5 per cent of all the monetary gold in the world and is $1,000,000 greater than the previous high mark of $4,684,000,000, established May 14, 1927. 4 The figure is more than twice that of France, which has maintained an aston- ishing rate of gold imports for more than a year, and is seven times that of ggl;lklm},'fire week}.g a:wmenu of. the nk of France a - land reveal. S The total is the greatest ever achieved by any country in financial history and is about two and one-half times the amount in this count.rly at the outbreak of the World War. it is considerably more than dollar-for-dollar backing for all currency- in circulation in country. ¢ About $280,000,000 was added to this country’s monetary gold during the last year in imports from European and South American countries and $8,000,- e e e S ly from Soul Amczrlch and Mexico. o el ncentration of gold in the Unif States and Prance, which together hn“lg $7,000,000,000 of the world’s total of $11,000,000,000, has been given consider- able attention in banking circles and there are indications of tendencies which will bring a more equitable dis- tribution of the metal. tain par- ticularly has depleted its resources. The situation is regarded as largel war condition. o INTEREST RATES By the Associated Press. Money sf ened in centers of "t'::‘mcuuntry lnzthv’vee? In the totals that follow, the average rates f:g;; g‘;;}nlbfi‘;se? og; funds are given for eriods, as measured Department of Commerc e the Week _ended time, : call, 1.67. B Ay Previous week, time, 2.17; call, 1.50. Same week p last year, time, 4.3 BETTER BUSINESS SEEN BY FARRELL Steel Corporation Head Is Optimistic on Outlook for Industry. Special Dispatch to The NEW YORK, March 20.—Indications that the world-wide depression in busi- ness is subsiding an da steady though gradual improvement is under way are seen by James A. Farrell, president of the United States Steel Corporation and chalrman of the National Foreign Trade Council, who has issued a call for the Eighteenth Annual National Foreign Trade Convention, to meet hers May 27 to 29. In view of the %Drovlng conditions throughout the rid those concerned with foreign trade have a particular interest in the situation this year, he pointed out, In his statement, Mr. Farrell calls attention to statistics gathered by the council showing that, despite the poor conditions prevailing throughout —the world last year, the actual volume of world exports was within 10 per cent of the record 1929 total, when price reductions which occurred last year are taken into consideration. World exports as estimated by the council amounted to $27,000,000,000, in dollar value, a mm of $6,500,000,000 from the 1929 r commerce confronts a situation which merits the consideration of all concerned in foreign trade,” Mr. Farrell continued, in urging foreign traders to give careful thought to the problems of the present year, “It is time for thor- ough examination of economic condi- tions and for practical demonstrations of that spirit and habit of co-opration that so signally marks American for- eign trade practice.” Mr. Farrell will speak on “The World Trade Outlook” at the convention. Among the speakers will be Victor M. Cutter, ga&!dtnt of the United Fruit Co., Boston, who will speak on “Our Relations with Latin America”; Wallace R. Farrington, publisher of The Hono- lulu Star-] and former Governor of Hawaii, who will discuss “The Pacific Area,” and Dr. Max Winkler, vice presi- m. &f Brrtpu;vn Gnmae & Co., sched- 8| on “Underlying Economic e erican nufacturers’ Associatién, Export Managers' Club of New York, Inc.; National Association of Credit M<n, National Council of Ameri- can Importers and Traders, Inc., and special committees of foreign trade ex- ecutives of banks and advertising man- agers will co-operate with the council in holding group sessions at the conven- tion. One of the general sessions will be exclusively devoted to the problems of Latin America. An att:ndance of 3,000 American for- eign traders from 40 States is expected as well as delegations from 20 Ameri- can Chambers of Commerce abroad. New York Cotton Speclal Dispatch to the Stan NEW YORK, March 20.—With - ply_reports still indicating the nu.g- likelihood of any sustained recovery in cotton, there was a moderate amount of liquidation today and opening prices were unchanged to 5 points 3 er, trade buyers put in orders on the scaledown and held the decline to conservative proportions, prices were: March, 10.85, unchanged: May, 10.99, off 2; July, 11.22, off 3; October, 11.52, off S; De- e;!m:er, 11.72, off 4, and January, 11.80, off 5. * OVER $150,000,000 Has Been Invested in NORTH AMERICAN TRUST SHARES $10 A MONTH gives you an interest in a fund combosed "of these shares Out folder tells how—write NOW for Your copy RKnapp & Co, 351 Shoreham Bldg. USE THIS COUPON INSURANCE IN' ALL ITS BRANCHES STATEMENT OF THE CONDITION OF THE Commercial Casualty Insurance Company of Newark, N. J. On the 3ist day of December, 1930. as required ‘under Section 647 of the Code of Law for the District of Columbia. Other income 2 5 Total income .. ‘ers All other Total disbursements . ASSETS. .$13,584,015.32 Real estate . Mortgage lo estate Collatera: *ioan: 509,888.71 5,420,872.80 [ STATEMENT OF SE JHE coNDITION The Importers & Exporters Insurance Co. of New York On the 31st day of December, reauired under. Bection 847 ot the Cods of Law for the District of Columbia. Net Total L seras Other i i 4 income. 251,265.66 ~Total income. DISBURSEMENTS. e St : All other gl! Net Total Other inco STATEMENT OF THE C F 4 ONDITION The State Assurance Co., Ltd., of Liverpool, England On the 3ist day of Tequlred under Beckion: 64T ot the ¢ of Law for the District of Columbla, INCOME. remiums Interest 867,131 08 Total income.... DISBURSEMENTS, Net smount paid policyhold- ers for losses... B All other disburserents' Total disbursements..... Bonds and" stocks Golden Center...... bt Goldfield Consol. ... Goldman Sach T C. . Gramophone rets(pi) Gt At&Pac Tea nv(6) Groc Strs Prod vie. . Guif Ol of Pa (1%). Happiness Candy. ... 2 Hecla Mining (40 Helen Rubenstein Horn & Hard pt (1) Hudson Bay M &S .. Humble Ol (12%). Hygrade Food Prod. Imp Of1 of Can (50c). Indiana Pipe L (2). . Ind Ter Iliu O11 B... . Industrial Finan ctfs ins Co ofNo Am 124 Insurance Sec (70c). Intercontinent Petn. int Holding & In Co. Int Hydrocv pf3%. Int Petroleum (1). Int Superp (11.10). Int Utllities A (3% int Utilitien B Int Utilities war . . - Inter Equ eonv p(3) Irving Alr Chute (1) [tallan Superpow A Itallan Superp war Kolster-Br (Am Sh). z 82% Lackawanna Sec (4) Baltimore Markets Bpecial Dispatch to The Star. BALTIMORE, March 20.—Potatoes, white, 100 , 1.2581.90; new pota- . toes, ‘barrel, 6.5089.00; sweet potatoes, | ., SLeers B P nme: Jood barrel, 2.00a4.00; , barrel, 3.50a- | v 30, fair to aamun 70007 50° 4.00; "beans,” bushel, 3.50a5.50; beets, | jiovt 00" gale g 00aT.00; Gommon to crate, 175a2.25; cabbage, ton, 15.00a-| piain 50026.00. 18.50; carrots, bushel, 40a65; cauli- - Y Bulle—Cholce to prime, none; good to flower, crate, 1.75a2.25; celery, crat:, s (e d 2.50a330; ate, 8 b0as.00; | Shoice, none; medium fo , 5.00a Yale, o Mgt 5.50; fair to medium, 4.50a5.00; plain 2.0043.75; lima. beais, bushel, 4,0086.00; | 5505800, * "t 00! o peppers, ~ crate, 2.00a4.50; Cows — Cholce , none; bushel, 1.00a1.25; spinach, bushel, 60a- | to eh'(n'ee. gm; w lum to;%god tm Dushel, 6oalo0; tomatoes | 815 {al'to medium, 4.0084 30 plalns to , 60a2.00; , 3.0004.00; common plain, ‘swapefruit, box, 3.08 K Eggs—Receipts, 24,664 cases; steady; prices unchanged. STATEMENT QF THE CONDITIONS S. BRANCH—LAW UNION & % F T e N R L A T k- LT T Real estate , Mortgage loan: Collateral loans. . Bonds and stocks ! b E ash in company's’ office mpan; Deposits in banks Dosits in banks. 240.072.83 Agents' by Agents’ balances . 1948 i fgents’ buian " 63394631 Interest ccrued Real estate . Mortgage loans Collateral loan: n . Deposits in_banks....... Premiums in course of col- lection ....... . Interest and rent CEUREE o, < All other’ assets s, 0 o 278.375.00 Y, 68% 4 U S Fintshing. . U S Foil (B) (50¢)... S Playing Card 2% %% U S & Inl Becur. Gross assets ......... Deduct assets not’ admitte Total admitted assets....313,551,648.88 LIABILIT] Total unpaid claim: Total unearned pr Other liabilities .. 12,384.92 10,197.79 .$3,856,161.95 336,172:47 +.$3,519,989.48 On the 3ist dey of December, quired under Section 647 of the Code of Law for the District of Columbia. INCOME. Unit Verde Ext () Util PALt(at1.0234), Ut P&L B(at1.02%). Gross assets . Deduct assets n Total admitted assets. Gross assets. Deduct assets not admitted. Total admitted assets... 1 2 New Eng O&E 55 ‘47 93 Eng O&E 55 '48 5N L 4as s 3Nor Ind P 8 55 C '60103% 7 Nor Ind P D '89 103 Net premiums .. : Total interest and renis Other iNCOMe +.....1s Total income DISBURSEMENTS. Net amount paid policy holders for losses Al other dis Total disbursements . ASSETS. LIABILITIES. Net unpaid claims.. otal unearned premiums. Other liabilities .. s Capital deposit ... Surplus over all iiabilities’ Total .. ++.-$1,770,162.01 Capital Jaid Up......... Surplus over all Tiabiiities. “Total .. ++.813,551,648.88 NET PREMIUMS WRITTEN DURING THE YEAR. Distriet of Columbia. $8,65! 11,361.84 LIABILITIES. Util Equity pf Net unpaid_claims Vacuum (4). Van Cam| Venez Vie Finan Corp(40e) Walgreen Co. ... Walgreen Co war.... Walker (H) (1)..... Warren Co (8 D) (7) Wayne Pump pf 8% . men! Cepital paid up.... 5 Surplus over all llablitties +.33,519,989. Real estate .......... Mortgage loans on re: Collateral loans ...... Bonds and stocks ' . Cush in compapy’s office Deposits in banks ... Agents' balances .. i Interest and rents die or accried All other assets....... 0 estaie’ 0 0 2,261.168.71 3.493.26 Accident o Health NET PREMIUMS WRITTEN DURING NET PREMIUMS WRITTEN i Tik YEAR, T DURMG District of Total Columbia. . 3479,601.33 $14,216.87 health ........ Auto liability 161651 Liahility oth 261.724.40 than auto 25:036.92 4,047.79 Distriet of Total. s Columbia $822,049.28 310,324 ‘ean’ marine ; 0 otor vehicles ... Earthquake Injand and transpo; Tornado. 0 18,313.39 4,291.34 27,637.51 143025 3.359.66 " 0 2,780,558.91 965,558.06 2,227,681.35 6. 406.730.80 802.190.59 com-, o 3,590.69 n ation o wind- 36.018.26 693.98 2,054.63 5% Zonite Products (1).. I"m in dollars !’-fl on last quarterly or semi- Partly excra. Bius ¢ tock. b Pay . todk. dend, Gross .$2,874,106.65 1905 Deduct ass 1'138,282.78 286,269.26 2.610.63 Total admitted assets . 1735, 7 325,426.51 2,804.20 IABILITIES, H H $101,173.00 | property 1,288461.87 age .. ...." 91048123 7,304.13 93.85 Auto_collision 98,182.73 447.00 .- Property and collision other than euto Totals nd na fon and trans- B bt portation .. © Adjustment dividena. per cent in st b Plu; nt in stock. K Plus 10 per cent nPlus' 8 per cent in stock. 8 e e “l cent in prink Riot, tion slon. . ALl othe civil and 3 B 3 commao- explo- 28228028 5,700.18 Net unpaid cla 210.31 Total unearned 1,404.18 Other labilities . $3e5350eE335 0383 Hail 2 Sprinkier "iéakage — Riot, 2,724.40 1084 o motion and ex- PIOSION +uvrarns $867.151.08 $10,470.08 GAYLE T. FORBUSH, United States Manager. Subscribed and sworn to before me this 11th day of February, 1931. (Seal. HARRY HALPIN, Notary _Publie, ; thifgup sia7 of March, 301, | e New York Gounts Glericy. NG, 16% New R MEERR MR SRS JULES C. RICKER, President FRANK L. PECKHAM, Vice President IMOGENE B. McGARRAGHY, Secretary-Treasurer JULES C..RICKER, Inc. ‘Agency. Becrotny. { General aunsrnst o o s, (1 1415 K St. N.W. " District 5966 9th_day of Pebruary. 1931 bets Insurance Club of i Cepital paid 1.5082.76; oranges, box, 2.7584.00; tan- Stifpins over all ilabtiities " gerines, box, 1.00a1.75; strawberries, quart, 30a50. Live Stock Market. Cattle—Receipts, 400 head; light sup- ply; market steady. S Helfers—Choice to prime, none; good to choice, none; medium to good, 7.00a 7.50; falr to medium, 6.00a7.00; plain to {air, 5.506.00; common to plain, 400 frl, 30.00a70.00, ead; light sup- hts, 8.60a8.85, me 8.60a8.85 ; light pigs, 8.00a8.35; 30,408.13 THOMAS A. SMITH, Jr, Secretary. Subscribed and sworn to before me this 16th day of !‘ebmer. 1931, (Seal.) E. GORDON, o 2,7 7 | NET PREMIUMS WRITTEN DURING THE YEAR. District of Columbia. $499.70 BesStes.: 883382 =2 i1 e 54 2 Wes Tex Ut 55 A 57 1 Wiscon P&L 85 E '56 1 POREIGN BONDS, Q. 8. Cl 9% Bubscribed and 'sworn to 75,007.20 1,343.84 20.00 65,439.96 14274 2,072.98 67.91 roughs, 5.00a6.6 pigs, 8.5008.75. CONSTRUCTION AWARDS. NEW YORK, March 20 (#).—Con- struction awards in the metropolitan area of New York during the first two eeks h shot of an increase $12,000,000 ahead of period tioh transportaiton . 3 Toi st 5. C 67 b 53 ww O 3 3 % o3 Hail .. w Sprinkier teakags A 68 xw & 128 iot, - eivil commiotibn, and exbloision 35 Atreraft 6438 $937.439.80 ROBERT W. THOMAS, the like W of 1050 W Bodgs Corporatioa. me- e (Seal.) GEORGE W. My commission expires y— rrants. W hout wAriAGtz. ien tssued.