Evening Star Newspaper, March 24, 1931, Page 13

FINANCIAL. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. WALTER JOHNSON S BANK DRECTOR Nationals’ Manager Is Elect- ed to Board of Bethesda Institution. 'BY EDWARD C. STONE. One of tr: greatost base ball pitchers of all time has been brought into the limelight on the diamond of conserva- tive banking. At the last meeting of the directors of the Bank of Bethesda Walter Perry John- son, ~manager ' of the Washington Base Ball club, was elected to mem- the “Big as Johnsc base ball parlance, has been a_deposi- tor in the Bank of Bethesda for and i8 a great fa- vorite among resi- dents of that sec- tion. “Here in Be- thesda,” sald a banker today, “we cansider Johnson even more highly as a neighbor than as a ball player.” The ident of the Bank of Be- George P. Sacks, who is also an oficm in the National Bank of Washington. The other officers sre Dr. B. C. Perry, vice president;: Brainard Parker ,vice president; Francis C. Wa lace, secretary; S. Walter Bogley, cash- fer, and W4 Paul Stallsmith, assistant cashier. ‘The swck of the Bethesda Bank Is lsted- on the Washington Stock Ex- change and sells around $58 a share, Urges $1,000,000 Bank Drive. Proposing & $1,000,000 a yearly pub- alter Johnson. loh—ll.l whlch shows those s Individual sales compiled to mm h L ~Prev 1931~ Stock ana High. Low. Dividend Rate. 14% 9 Abitibl Pow & Paper 52 39 Abitibi P& P pf (6). 101t 100 . Abraham St pf (1).. 231 164 Adams Exp (1.60) 8815 Adams Exp pf (5)... Jn- 881 5 Ady Rumley (new. 1 mu\ % Ahumada Lead. 1 109% 92% Air Reduction (+ lnn\s 10% 6% Air Way Elec Appl.. 9% 7 Alaska Juneau (40¢) I 815 614 Albany Wrap Paper. 6% 12% 7% Alleg Corp. . :gt. 159% m- 4 1Y% 59% 39% Alleg Cp 330 ww 6% . 182% 147% Allled Ch & Dye (n6) 12413 122 Allled Ch & D of (7). 32% Allis Chalmers (3).. 17's Amerada Corp (2) 20 Am Aeri Chof Del.. 214 Am Beet Sugar... 8 Am Beet Sugar pf... 20; 814 Am Brown Bov Elec. 45% AmBrBEpf (7). 20 106% Am Can ($6)... 127% 150% 145 Am CanpfA7) 4 150 58% 27 Am Car & Fdry (3).. a4 43% . 29% Am Chain (8). 40 485 %84 Am Chicle (13). 4815 21% 14% Am Colortype (1.40). 19% 9 Am Comel Alcohol. . 101 26% Am & For Power. 4Ty 74 Am & For Pw pf (6). 88 6714 Am & For Pow 2d pf. 7 AmHawallan88.... 1% Am Hide & Leather. . 10% Am Hide & Leath pf. 47% Am Home Pr (4.20).. 23% Amlce (3)..... 1814 Am International 20% Am Locomotive (2). 81 AmMch & Fdv 1.40. 31 Am Mach & Met: 16% Am Metal Co.. 20 Am Nat Gaspf (7)..1208 45 AmPow& Lt (21).. 11 94% Am Pow & Lt pf (6). 80 AmP&Lpf A st (5) 15’4 Am Rad & St San (1) 63 Am Safety Razor ( 40% Am Sm & Ref (4). 93% Am Sm & R 2d pf ( 129 Am Sm & Ref pf (7). 1 102% 137% Yeity clmmlzn for five years by the nks, to be submitted to the American Bankers' Association convention this Fall, J. A. Price, advertising manager of the Peoples-Pittsburgh Trust Co., of Pittsburgh, addressing Eastern Regional Bavings Conference in New York, said, “Do not allow political demagogues to make 8 !ou%' ball o(tgl: mold! Dreg&ezun: jon—the pres and est m banking has always enjoyed. Public opinion is a plastic quantity, capable of being molded if the job is approached with sufficient money, pati- ence and brains. People want to be- lieve in banks. Their fundamental will- lnmem is shown by the totals of their depos! "In ordar to sell the banks to the public, it will be necessary to make use of the mediums of the masses. The in- 34 597 108 85 197% 17 120 110 3% 70 10% 8% 4'% 2% Am Solv & Chem.... 58% 42% Am Sugar Ref (5)... 108% 96 Am Sugar Ref pt (1) 11% 8 Am Sumatra Tob:... 201% 176% Am Tel & Tel (9).... 120% 104 Am Tobacco (16). 12214 104% Am Tobacco B (16). 110% 105 Am Type Fdy of (7). 80% b53% Am Water Wks (3).. 79 B4% Am Wat Wks cfs (3) 11% * 6% Am Woolen. . 39% 21 Am Woolen pf &% 4% Am Zinc Lea 43% 29% Anaconda Cop (2% ). 26% 22 Anaconda W & C (1) 36 27 Anchor Cap (240)... 72 57% Armour of Del pf (1) 4% 2% Armour of 1A, 1% Armour of 11 B, Armour of Il pt 3% Arpold Constabl telligentsia know the position is sound. Use the motion pictures, the magazines which have large circulations among th! middle classes, and also the big wspapers. In cther words, reach the American public in its own back yerd with elemental simplicity. Make your membership in the American Bankers" Association stand for the highest idealism.” Reserve Banks® Holdings Jump. ‘The Federal e Board’s condi- tion statement of weekly member banks in leading cities on March 18 shows increases for the week of $425,000,000 in holdings of Govern- ment securities and of $522.000,000 in Government deposits, also of $141,000,~ 000 in loans and $57,000,000 in net-de- mand deposits. Total loars and in- vnn.menh largely as a result of the operations in conne o%o mrly tax payments, incr 8534, Loans on securities uzsoooooo in porting banks showing & new increase of $128,000,000 “All other” loans increased t‘flm,- 000 in the New York district, $12,000,~ 000 in the Minneapolis district and $13,000,000 at all reporting banks, and declined $19,000,000 in the Boston dis-{ mm $9,000,000 in the Chicago dis- Bankers o Attend Council. An unusually large delenunn of ‘Washington bankers will attend the meeting of the executive counci] the American Bankers’ Association o be held at Augusta, Ga. Next to the Fall meeting of the association this is the most important gathering of bankers during the vear ‘Among (R ee? nhnnln' to attend from here are Francis Addison, jr., presi- dent of the Becuflty Savings & Com- mercial Bank; Lanler P. McLachlen, prsnhnt of the District Bankers' Asso- Robert V. Fleming, president of |hl le ‘National Bank; George O. president of the Liberty Na- '.Imnl "Bank; John Poole, president m-mmm National Bagg: Moran, vice president of Security & Trust Co., lnd l. E. Mountjoy, )oell rem-mnume of American Associatic Pnnx S. Hight, mnnet of the wu- lard, who is a bank director, is also g to take the trip. menl bankers will be accom- ]‘nhd their wives, the Washington be large enough to have a m Pullman to and from Augusta. Judges Named for Contest. ‘The class in public speaking in Wash- * ington 'Elzr. American Institute of Banking, will hold its final debate to- morrow ‘ev at the chapter rooms at 8 o'clock. judges will be George 0. Vass, vice president of the Riggs Na- tional Bank; Mrs. Anne T. Rensha head of the Renshaw School of Expres- sion, and Judge James M. Proctor of the District of Columbia Supreme Court. ‘The subject upon which they all mkn is “The Banker as a Stabllizer of ess,” each _;g:lker being given eight minutes. contestants who have come up to the finals are H. P. Kimball, Alfred W. Sherman and Miss Miidred C. Woodcock, all of the Amer- ican Becurity & Trust Co., and Aubrey O. Dooley of the Federal-American National Bank & Trust Co. The winner will represent the institute in several important outside debates. Today's Trading on Exchange. Capital Traction registered 35 - ex- dividend on the Washington Stock Ex- change today, Potomac Electric Power 512 pe Prorrrred came out at y & Electric preferred moved at 987, and 98%. Mergenthaler ex-dividend sold at 86% and 86} and n_Monotype changed hands at 106Y,. Peoples Drug Stores preferred sold at 103. Bonds were in light de- mand. Carpel Corporation, which re- cently declared a 50-cent extra dividend, 1s now quoted ex-dividend, Financial District Notes. A decrease in estimated bullding at 25 per cent is shown in February as compared with January, the Bureau of Labor Statistics monthiy bullding sta- tistics show. This decrease, however, is less than the decrease shown in com- paring February, 1930, with January, 4 1930, when & drop of 4.3 per cent was registered. Prince & Whitely liabilities listed at $60,974,957 and nominal assets at $75,- 390,794, of which $50.000,000 represents securities pledged with banks as col- lateral. An order allowing a month's extension of the time for the filing of claims against the rd Air Line Railway, now in receivership, has been entered by Luther B. Way, at Richmond, ‘When road went into receivership in December, an order was entered giv- ing creditors until March 23 to file has now been extended until April 23. — nwmlon of the transatlantic tele- service to all parts of Canada llszo recently livel telephone ition from Eus to all of . 81 7 21% 28% 192 106% /28% 19% Asso Apparel (32) 20% 22 Asso Dry G (2%4). 203% 1784 Ateh To & S Fe (10). 107% 1021 Atch T & S Fe'pf (5) 120 ‘103% AtlCoast Line (10) - 23%: 18 Atlantic Refininig (1) 54 ' 4514 Atlas Powder (4). 131 8% Atlas Stored (1), 221% 101% Auburn Auto (f4).,. 2% 1 Autosales.., 6% 3 Aviation Corp of Del 27% 20% Baldwin Loco (1%). 104's 88% Baldwin Loeo pf (7). 87% 68w Balto & Ohlo (1).... 80% ' 724 Balto & Ohlo pf (4).. 66% ' 56% Bang & Aroos (3%). 1131 108 Bang & Aroos pf (7). 10 . 7 Barker Bros........ 14% ‘11% Barnsdall (A) (1)... 65 Beatrice Cream (4).. 60 50 Beech-Nut Pkg (3).. 25% 16% Bendix Aviation (1). 46% 324 Best & Co (2). 70% 45% Bethlehem Steel (6). 29 24 Blaw-Knox (1%). 37% 20% Bohn Alum & Br 1. 3 . "1% Booth Fishewes. 761 671 Borden Co (43) 30% 20% 1422% $46% B 24% 16% B 242% 1% 5 26% 102 6% 79 60% 110 64 12% 8% 5% 23% 6 4% 274 - 36 11 8% 29% .8 BXlyn & Queen: 14% Bueyrus (1).... hc’mnnvb’ll%). 11% Bulova Wateh (1%). 22 Burns Broscum pf.. 21% Burroughs A M 135, 1% Butte Copver & Zine. 1 Butte & Superior 12% Butterick Co. 37% Byers (A M) 42% ‘Calif Packing (4). .. 36% ‘Calumet & Arizona Calumet & Hecla. ... NAABNHNS BANARENIARR N ANN - 5% 45 T4l 914 16% 3% 425 25 15 115% 116 45 88 Can Pacific (2%). 17% Cannon Mills (1.60). Ca o 85 58 CT 5214 26% Caterpfllar Trac (14) 14% 5% Celotex Co. 4% Celotex vtc ctf b 19% Cent Aguirre Asi%. 21 Century Rib Mills. .. 2214 Cer de Pas Con (2).. 2% Certain-teed Prod. .. 11 Certain-teed Prod pf 12 Checker Cab Mfg. ... 39% Ches & Ohio (23)... 40 Chesapeake Corp (3) % Chi & Alton . 6% Chi Great Western 9% Chi Great West pf.. 5% Chi MII 8t P & Pac. Chi & Northwest (4). Chi& N W pf (1).... 915 Chi Pneu Tool. . 47% Chi R 1& Paeific (5). 84 ChiRI&Ppf6)... 94 CMR Pacof (7). 28%, C'hilds Co (2.40). 26 Chile Copper (2).... 15% Chrysler Corp (1). .. a5% City Ice&Fuel (3.60) 774 City fco & ¥ pf (835) 2% City Stores. .... 47 Coleate-Pal-P (2%). 9 Collins & Alkman., . 21% Colo Fuel & Iron (1) 59 Colo & Sou 1st pf (4) B6% Colo & Sou 2d pf (4). 33% Col Gas & Bl (2). l’v?’f- 100% Col Gas & El pf A (6) 16% % Col Graphoph (a%). 1115 73% Columbian Carb (16) 23% 18% Comcl Credit (2). ... 35% 34 Comcl Credit A ( 285 20 Comel Cred pf (1%). 90 82 Comcl 1T ev pf (e6). 21% 15% Comm Solvents (1).. 12 8 Cmwith & Sou (80c). 100% 91% Cmwlith & Sou pf (6) 6% Congoleum-N: 22 Congress Ciga: 254 Consol Cigars (5)... 645 Consol Cigar pt (7). 9% Consolidated Film. .. 4 82 Conwol Gas N ¥ (4). 104% 101%4 Con Gas of NY pfis) 15% 16% Consol Laundries (1) 1% % Consol Textile. 20 17% Contl Baking A. 2% Contl Baking B. 67% Contl Baking pf (8 47 ContlCan (2%4). 41 Contl Insur (3.40) 2% Contl Motors. 9% Contl O1l of Del. 8% Cont Share: 76% Corn Prod (f! 8% Coty Inc.. 27 Cream of Wi 4% Crosley Radio 48 Cruelble Steel 96 Crucible St 1% Cuba Cane P 3 Cuban-Amer Sugar. 22 Cuban Am Sugar 41 Cudahy Packing (4). 89% Curtis Publish (7). uw. 113% Curtis Pnbll-l »f (T) 6% 2% Curtl right Corp 8% 8% Curtiss Wr Corp A. . 8% MM& 13% f44 21% 107% 1034 41 28 Cutler Hammer. 23 13% Davison Chemical 1574 141 Drlawa H 102 764 Del Lacl 195 175 Detroit Edison (8) :: 14% Diamond Mateh 79 1864 21% 43 281 B 3'1\6 ™% 8% % 9% 48 152 124% 150 334 3819 4T 19% 104 45% 8754 ln?“ 137% 34 5718 106%; 83 193% 115% 118% 109% 70 70 10% 37% 614 21% 28 188 106% 103% 19% 47% 214% 1% 5 25% 101 3% TE% €04 110 5% 12 77 59% 23 4414 6214 26% 34 1% 4% 28y “21% 54% 45 40%" 915 15% 37 a1 28% 14 1% 115% 44 12 10834 13 B8 1 106% 103 5% 1% 22% 2'% 68Y% 19% 144 S76% 1864 224 - 21% 25% 11% 22% THE - EVENING STAR, WASHINGTON, D. C, are sold in hundred-share lots du| ated by Ih' letter s (lon (2608), s ko "men were sold in odd 1 lulfl.l 11% 106% 105 20 47% 1% 240 1% 5 26% 102 TA% 9 60% 110 5% ° 128« 815 59% 28% 46 641 2714 114 106Y% 108% 15% 1% 228, 2% 6814 5916 prin 4 9% 9% aies— Add 0. High. Low. Close. iose 11% 1067 1031 20% AT 1% 219 1% 5% 264 100% 744 L 8% 60% 112 T 12 106% 103 15% 1% 24% 2% ~Prev. 1031~ High. Low. 8% 61% 107 83 122% 118% 185% 143% 133 21% 11% 69 4% 3% 60% . Low. 5% 102% 2% 123% 167% stock ana e Dividend Rate. Add Drug Corp (4). Dupont de Nem DuPdeNd Eastman Kodak (18) 10 Eastman Kod pf (6). 10s Eaton Axle (1.60) 3 Eitington-Sehild. Eitington-Schild pf Elec Auto Lite (6). Elec Boat. o« 30 Elec Pwr & Lt (1)... 67 Elec Pow & Lt pf «6) 1 Elec Pow & Lt pf (1) 1 Elec Stor Bat (5).... 5 Elk Horn Coal. Elk Horn Coal pf. Emerson Brant A mporium Capwell. Endicott-John pf (1) Sng Pub Sv (2.40), Eng Pub Sv pf (5) Erfe RR. Erle RR 84 1 308 1 .160s Aanq Auto I'rorhlciq Falrbanks Co pf. . Fed Wat Sv A (2.40). Fid Ph Fire In (2.60) Fifth Ave Bus (64¢).1508 Firestone T&R (1), 1 4 Firest T& R pf (6) ster Wheeler (2) Foundation Co. 4 Fourth Nat Invest.. Fox Film A (4),7, ... Frank Simon pf (7). Freeport-Texas () Gamewell Co (5).. Gardner Motor. Gen Am Investors. Gen Am Tank Car(4) Gen Asphalt (3) Gen Bronze. en Cable A en Cable p: ien Cigar (4).. Gen Elec (1.60) Gen Elec spec (60c) . Gen Focd Corp (3).. Gen G & El A (e30c). Gen G & F) cv pf (6). Gen Mills (3)..... Gen Motors (3) . Gen Motors pf (5). Gen Out Adv A (4).. Gen Pub Sv b6 % stk. Gen Ry Signal (5). Gen Realty & Utll. Gen R & Ut pf (e6). Gen Refractorfes (4) Gen Theater Equip. . Gillette Saf Rasor. Gillette Saf R pf (5 Gimbel Bros Gimbel Bros p! Glidden Co. ... Glidden pr pf (7) Gobel (Adolf). . Gold Dust (2%) 62 108 60 808 46 102“4 102 22% 20% 5% 104 4 Goodrich (B F) Goodyear Tire (5) Goodyear 18t pf (7)., Gotham Silk Hoslery Graham-Paige...... Granby Consol (2).. Grand 811 Strs (h1) Grand Unfon.... Grand Union pf (3). Grant (WT) (1).... Grt North pf (5)... Grt Nor Ore (2).. Grt Western Sugar. % Grt West Sug of (7). ‘Hupp Motor: ¢ Johns-Manville (3).. Griesby Grunow. Gulf St Stl 1st pf Hacken pf A (1% Hahn Dept Stores. Hall (WF) Pr Co (2) Hartman Corp (B).. Hayes Body.... Flercules Mot (1.20) Hercules Powd (3) Hershey Choe (5) Hersh Choc pf (16).. Hollander Sons. . .... Houdaijle Hershey. . Household Fin pf (4) Houston Of] Houston Ofl Howe Sound (3) Hudson Motor ( [T Hiinots Central (7). Indlas Motg Cyel Tngeraal) RABG. (163 Inland Steel (4).. indust Rayen (4).. Inspiration Copper.. Insuranshar Del 40c. N Interlake Iron (60c Int Agriculturi Int Bus Mach Int Carrlers (37 c). Int Cement (4). Int Combustion. Int Comb Eng pf. Int Harvester (234).. Int Hydro El A (e2): Int Match pf (4).... Int Merc Marine (2). Int Nickel (80¢). ... Int Paper & Pow A.. Int Paper & Pow C.. Int Pap & P of (7) Int Print Ink pf (6) Int Sait ¢3), Int Siiver. Int Tel & Tel (2) Inter Dept Strs (2).. Inter D St pf xw (7). lOUs Investors Equity . Island Cr Coal (4) H 32 608 B 5 v B 00 1 50 1 0t 0080 08 1S kB 1S et 4 30 8000 e 10 B S 0 60 8 w3 it » 2 Jones & Laug pf (7). Kayser Jullus (2%). Kelly-Spring Tire. .. Kelly-Spr T 6% pf. . Kelly-Spr T 8% pf.. Kelsey Hayes (2) % Kelvinator Corp Kenneeott Cop (2). 4 Kinney (G R) Df (l) Kolster Radio. 4 Kreuger & T (al.6 % Marine Mid (1.20) 4 Marmon Motor Car. . ¢ Maytag Co pf (3). & Mengei Co 4 Mo Kan & Texas, % Mother Lode. Kroger Groc&Bak (1) Lambert Co (8)..... Leh Valley Coal... Lehman Corp (3). Lehn & Fink (3) Lib Ow Ford Gla Lizg & Myers B (15) Liquid Carbonic (4). Loew's Ine (3). . Loft Ine.... Loose-Wiles (12.80). Lorillard «F) Co.... Louts & Nash (7). Ludlum Stee McCrory Stores A(2) Mcintyre Porc M (1) McKeespt Tin P(15). McKesson & Rob (1) McLellan Stores. MeLellan St pt A (6) 308 Mack Trucks (3).... 4 Macy (R H)&Co(n3). Mad Sq Garden (60c) Mallison & Co g Manati Sugar. . Manati Sugar pf. Man Elev mod g (d5) Manhat Shirt (1).... a® 83 5 P T I L L T Market 8t Ry pr pf. Marshall Field (23%) Mathieson Alkall (2) Mathieson pf (7).... May Dept Strs (2%). S = Maytag Co 1st pf (6) Mexican Ses Miami Copper Mid-Cont Pet ( Midland Steel (3). Min Hon'w Reg (14). Minn Moline Pow. .. MStP&SSM. IS Mo Kan & Tex pf (1) Missour! Pac vf (5). Monsanto €h W(1%) Montgomery Ward. . s Motor Meter G & EI.. Motor Products (2).. Motor Wheel 1%)... Mullins Mfg. .. Mullins Mfg pf (7). Murray Corp. .. Myer (F E) & Br (3) Nash Motors (4).... Nat Acme (80¢) Nat Belia Hes Nat Biscult Nat Casli fteg A (3). K @ anaB 6 Close. um. 76 T6% 104 103% 123% 122% 170 102 13% 31% 4% 6% 44% 13% 6614 9% 411 18% 18% 49 49% 8Tl 881 8 4% 20 25 18% 364 64% 21% 10% 90 5 9% 41% 58% A3% 26% 28% 1% "| Woolworth and Sears Roebuck. 39% 9% 8% 81% 2% AFTER EARLY DROP Short Sellers Take in Con- tracts as Market Turns Dul. BY GEORGE T. HUGHES. Speclal Dispatch to The Star. NEW YORK, March 24.—Unsettled in the early. trading by the developments in the grain market, stocks today ral- lled impressively after the overnight selling had been absorbed. Commit- ments for the decline were taken in many issues that had been under pres- sure of late, including this time the railroad stocks. The market was undecided as to what attitude to_take toward the collapse in wheat on Monday and the probability that lower prices would be seen for ag- ricultural products generally. Opening prices were lower all around, and for an dour or so trading dragged on list- Jessly. Then, when it was seen no liquidation was coming out, buying or- ders appeared, and a recovery ensued. ! Strength in Rails. It was not easy to account for the show of strength in the railway stocks. Additional February earnings statements coming io hand made extremely un- favorab'e comparisons with those of a | year £30. For example, Norfolk & Western reported net this year of only $1,387,625, against $2,895,098 in Febru- ary, 1930, and Lehigh Valley had net this February of $358,196, compared with $642,444 in the same month of 1930. Car loadings for March for such roads as reported them showed that the falling off in traffic was continuing this month. Nevertheless, New York Central, | Atchison, Baltimore & Ohio, Northern | Pacific and Great Northern were ail bid | up. Probably the short interest in the | rails is larger at present than it has| been in years. The Baltimore & Ohio | dividend meeting is scheduled for to- morrow, at which time the rate is ex- pected to be reduced from the present 8'1 basis to $5 annually. If, unexpect- edly, the cut should not be as large as predicted, there might be a scramble of shorts to cover. Standard Shires Gain. Among the stocks to rally easily after the initial unsettlement was Au- burn Auto, which went to another new 1931 high. This stock is s0 subject to | manipulation_that it is not typical nx, the market, but other standard shares | came back as well. American Can re- | covered all jts first-hour loss, United | States Steeb came back partially and | General Motors did the same. Although the olls are still in disfavor and Texas Corporation made a new year's low, there was good suport for Standard Oil of New Jersey. Another dividerd meeting scheduled for Wednesday is that of Westinghouse Electric and about this rate there has been much discussion. Shorts took alarm today at a widespread report that there would be no reduction and Westinghouse rallied with the other in- dustrials. Public utilities recovered a little more slowly, but they lost the heavy tone that characterized them at the start. In fact, the whole market showed surprising resiliency, everything | considered, Early Market Lower, Tn ‘doubt s to the exact effect of the break in wheat, the market sold off in’early trading. There was no particu- lar pressure and no large volume, but prices sagged almost uniformly. The Jargest losses were in the Vola- tile Auburn Auto and in Columbian Carbon, each of them off about 3 points. Standard issues Jost 1 to 2 points, in- cluding United States Steel, American | Can and the merchandising shares, TUESDAY, MARCH 24, 1931.- circles was that the market ing the selling unexpectedly well. GAIN IN CHAIN STORE SALES IS PREDICTED Special Dispatch to The Star. NEW YORK, March 24.—Sales of ll'ldl.n{ .chain and mail order stores for this month, in point of volume, probably will show a gain over February, according 1o leaders in those industries. The probable rise in March of course will be due to the early Easter season. Dollar volume, because of the decline in prices, however, will compare unfavcrably with March, 1930. Generally profit margins likewise will be narrower thin a year 2go, but operating economies effected in mlny chains and some mail order houses may hold the net income up fairly well, other factors being consid- ered: . Amang French parents who received prizes Tor large families last year were two couples having 15 children each, | three with 14 and eight with 13. Bond Salesman Local office of N. Y. Investment Banking House has position open for experienced bond salesman with established clientele. Salary plus commission. °Replies confidential. Address Bgx 497-Z, Star Office. STATEMENT 61“:-: CONDITION NORTHWESTERN MUTUAL 11F ANCE COMPANY OF MILWAUKER, 18.. On the 3ist day of December, 1930, ag re- quired under the District of Columb amended June 30, and Auzust 18, 1913, Capital stock, non Capital _stock, Di none; purely mutual compan; up, in “cosh, - \ Real estate (including home office) 17,516,758 58 Loans on Teal estate mof 5 411,441,356 16 Loans on ‘polieies. as collateral 171,056,642.16 Premivm notes and automatic 7,609,069.11 premium loans U. 8. A, 25.593,469.06 ‘amortized b . Othier bonds, smortized va 276,260,568.66 56,000.00 4,681,392.07 15.149.619.68 17339838 04 Cash on hend and at ba Ingerest and rents " due Tued Due and deferred. pmmu Miscellaneous assets ... Total admitted assets . LIABILITIES. Reserve required by law to be eld the ~ company's; +$713,229,465.00 4,480,789.00 44,826,086.00 3,599,541.64 3,97,355.41 915,706.97 2,178,976.62 290,870.00 in 43,915,000.00 s eft " to accimilate d interest thereon - Reserved for contingencs et deprecintion, mnmlm fiuctuation, ete.) Total liabilits de ¥ 353,161 For deAtn Tousen i for “which no proofs have been fer of business transacted during 1930: Life insurance. (Purely mu- tual ‘compan Total, Income during the year $937,721,308.52 sses and’ endowments, un- adjusted, etc. Estimated amount ' of payabie in 1931 vnpaid sccounts, taxes . $184,849,779.36- d’“matured ' endo id during the 43,190,849.17 disbus . the year 1930 New insurance for during 1930 Insurance in fore Decemper 1. 1930 7.00 WILLIAN D, VAN DYKE, Bresidont: E D JONES, Secretary Bubscribed and sworn 16 before me this 12th day of March, 1831 o W, (Rotaty Public, Milwabkes. Couns - Wis. My commission expires March 26, 1933, 135,573,139.40 ‘Amoy Among the issues to resist was West- inghouse Electric, where short cover- ing was plainly going on. Operators . Metropolitan 4707 Howard & Hoffm A. L. BALDWIN, neral Agen 516 Union Trust Blde. _ “The Management Trust That Made Good™ ' MAss@bnvsmq- Investors T rusr A triae mum;l investment association which has rendered every ninety days since 1924 a full account of its stewardship, not only to share- holders but to all interested. So far as known this trust was the first to furnish complete infor- mation about its portfolio and operations. We recommend this Trust for immediate investment A. S. GOULDEN & CO. Ine. Woodward Bldg., Washington, D. C. We invite applications for First Mortgage\ Loans at 5i% on residences and business buildings in the District of « Columbia and nearby Mary. land suburbs . .. Lower Costs, Long Term (if de+ sired), Valuable prepayment privileges, Three yearsloans on newer properties withe out amortization. ] H. L. Rust Company 1001 Fifteenth Street National 8100 ESTABLISHED 1889 n GENERAL INSURANCE AGENTS 303 7th Street N.W. STATEMENT OF THE CONDITION OF THE American Equitable Insurance Company of New York of Law for the District of Columbia. 1 Net premiums ... Total interest and re Other income .. Net amount nolders for losses. All other disbursemes Total disbursements ... ASSETS. Bonds and stocks Agents’ es 934,2 Interest and rents "due of accrued Al Gther assets Gross assets 3159 Deduct assets not admitied _ 3.3 35 Total admitted assets LIABILITIE Net unpaid claims . Total unearned prem Qher liabilities Capital paid 63 Pire ... Ocean’ marine Motor vehicles Earthauake Inland navigation transports Tornado, ycion Batlder deai ase Riet.. eivil " commotion explosion ATother . $5,458,20 43,67 District of Columbia. Motor’ vehicles Tornedo, windsf J. A._CAMPI .y Vice President. 8. E. ADAMS, Assistant Secretary. Subscribed and_sworn to before me this 38th day of Pebruary, 1031 LEY, Nofary Public. Notary Public, Bronx County, Bron: Co. Clerk’s N Reg, No. 3209, On the 31st day of December, 1930. as required under Section 647 of the Code $3,325,204.81 '6,188.598.30 $9,513,850.11 $13,018.564.42 120449859 3 ] 0,831.54 /806,01 $892,496.40 11226,082.42 1000,000.00 SaPoils ver all iiabities. 2,000,000.00 .. $12,590,025.46 NET PREMIUMS WRITTEN DURING THE YEAR. 3321190.74 11,865.85 98,112.79 306.243.76 Qe 24,477.0f 20.013.85 43:203.92 36,320,121.73 $8,654.48 362.47 11,824.69 4192 $20,819.72 Net premiums ‘Total interest and rents. Other income Total income 8 All other disbursements ‘Total disbursements Real estate Mortgage loans on real estate. Collateral loans ... Bonds and stocks .. Cash in company’s office. Deposits in banks. . Agents’ balances Interest and rents All other assets ... Gross assets Deduct assets not admitted Total admitted assets Net unpald claims Total unearned premlum . Other liabilitles . Capital paid uj Surplus over all liabilities . Total . Fire (Seal) STATEMENT OF THE CONDITION Oi’ The Firemen’s Insurance Company of Washington & Georgetown, Washington, D. C. On the 31st day of December, 1930, as required under Sec- tion 647 of the Code of Law for the District of Columbia. et premium INCOME. Seesesessanesresbacnarene PErr $208,105.00 DISBURSEMENTS, Net amount paid policyholders for losses. LIABILITIES, NET PREMIUMS WRITTEN DURING THE YEAR.. ‘Total. tereressecnessssniasaneeesass $142,991.35 $142,991.35 WILLIAM M.:HOFFMAN, President. ALBERT W. HOWARD, Secretary. Subscribed and sworn to before me this 23rd day of Mareh, 1931, EVERETT H. PARSLEY, nArm:gm Buffalo Insurance Company 447-449 Main St. of Buffale, N, Y. On the 31st day of December, 1930, as required under Section 647 of the Code of Law for ghe District of Columbla. u,;a.u;i o a0 Total fncome remiums DISBURSEMENTS. Net. It id licy- eiders for Rases. Sore sz 1,152,454 T2,184,184.90 Other income $142,901.35 51,732.40 13,381.25 Al other ~ disbursemeni Total disbursefments $51,544.76 127,495.53 Bonds and stocks Deposits in banks Avents’ balences agerued .. . AGIner asseis Gross Deduer ansets” noi’ Total admitted assets, LIABILITIES, Netiunpaid claims . Totgl unearned pry Cther liabilities ial paid up Surpius over all iiabiiitie Total ... NET PREMIUMS WRITTEN DURING REMION e YEAR, . 36,343.274.2¢ b < $739,686.39 $15,200.00 - 207,688.33 74,820.15 200,000.00 241,948.91 $739,666.39 lnr:thuunk: . " ";," Tornado. cvelone . $1,748,164.89 District of Columbia. 15, “windstor""and "ey- "0 : 126,07 - teeman SIDNEY R. ' R 'CHARLES A. GEORGER, Secretary, Sibscribed and sworn to before me this 20th day of Pebruary, 1931. (Beal) MARY E. t& D. of C. $87,185.15 —— $87,185.15 Notary Publle. Established Since 1837