Evening Star Newspaper, April 2, 1931, Page 13

FINANCIAL REFORT OP CONDITION 'lcfl"l.l'"'-.A ollh. In the District O Blsiness o Mareh S0 g0, the Fiove decline it was that Lh;‘l w: Money to Loan here were | Senpe 07 S o 3,2 0L o Joseph L Weller 50.7"56 ' & N Bids., th & Reserve District N REPORT OF .COND) Deparlmeol;l:i Bank of ‘Washington argued was entitled to & substantial up to the early afternoon no signs of its appearing. Early Market Irregular. Confused by a conflicting batch of earnings and trade reports, the early market was markedly irregular. New lows and new highs appearad simultane- ously in different parts of the list. McKeesport Tin Plate advanced over STOCKS RREGULAR INDRAGEY TRADING D. . BANK DEPOSITS AT NEW HIGH MARK NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. ~Prev, 1931~ Bales— High. Low. Dividend Rate. _Add 00. High. 118% 113% Curtis Publish pf (7) 4 116% 2% Curtiss Wright Corp. 17 4 37% Curtiss Wr Corp A. stock and securities owned . Prev. Low. Close. Close. 4. Other bonds, 116% 116% 116% 3% 3% 8% 54 Note—All stocks are s0ld In one hundred-share lots those designated by the letter s (80s) (3508), which shows those stocks were sold in odd lots. Individual sales compiled te noon—complete in 5:30 Editien. 4147 Last Controller’s Call Re- veals Gain of $14,972,848. Figures Given. BY EDWARD C. STONE. ‘Washington banks have more money on hand than they ever had in their history, aggregate deposits on March 25, the date of the controller’s last call, smashing all previous records. An official tabulation completed this noon by Audley A. P. Savage, auditor of the National Savings & Trust Co., reveals a gain over the last cail on De- cember 31, 1930, of $14,972,848.71. Deposits in the local financial insti- tutions cn March 25 last reached the sum of $281,877,925.94, whle the highest previous total on record was attained on the call of October 3, 1928, when the banks were carrying $274,232,831.27 in deposits, the former high merk now be- ing broken by $7.745,094.67. Another interesting comparison is with the corresponding call a year ago. The call came on March 27, 1930, and showed _deposits of $256,870,920.93, against the figure just reported of $281,- 977,925.94, an increase in the past 12 months of $15,107,005.01. National Banks Head Gazins. Today's complete compilation shows that every trust company in the city in- creased its deposits between the last two calls. The national banks had ti Jargest aggregate increase, $8,796,542.18, although the trust companies were not very far behind, with $5,689,116.26. The savings banks lifted their total deposits by $487,190.27. noted on the day the call was an- nounced, the largest gains by individual banks were scored by Riggs National, with $5,447,204.40; American Security & Trust Co., with a gain of $2.875476.- 58, and Washington Loan & Trust, which had an increase of $1,702,988.26. ‘However, the complete tabulation, which appears alsewhere in today's financial section of The Star, presents a picture which shows that many other local banks also made a brilliant showing. ‘While local bankers are naturally some- what puffed up by the striking increase in deposits, present interest rates take away a lot of the joy. If call money rates were higher than the prevailing 1'% per cent the bank- ing situation in this city would be ideal. Buld. nnh:he &3&' ‘hlnd':“f( wee.r‘: oney and other rest ra g‘umbl.nl it is more than probable that there would not be as much money in | ‘the banks. How to invest it to ad- vantage is the big problem—one of the hardest puzzles bankers have faced in years. Mortgage Bankers to Meet. A forward view into the financing of real estate will be the centfal theme of the Mortgage Bankers' Association convention to tz)g held at Dallas, Tex., Octol 27 to 29. _n.:fl‘ convention keynote, “Future Trends in Mortgage Banking,” was de- cided at a meeting of the Association’s Board of Governors in Chicago. Ac- cording to J. B. Sleeper of ‘Topeka, Kans,, president of the association, the convention will bring together 500 of- ficials of insurance, banking and mort- gage companies, offering oppor- tunity to study from every angle the future development of mortgage lend- ing. “Pirst mortgages on city real estate and farms are fundamentally the same conservative investments that they have always been,” he stated. “On_the whole, they have stood kably well during 8 seévere tes ‘when real estate operations have nded to an extent never before possible. “In our field of finance, we have wit- nessed over the past 10 years & number of changes in organization, policies and methods. Out of the investment and banking groups that will gather at Dal- las in October, it will be helpful to sum- marize and evaluate experiences of the pest decade and plan together the poli- cies which will assure sound mortgage banking during the next era of business prosperity.” Today’s Trading in Exchange. Bonds drew most attention during today’s session of the Washington Stock market. The market opened with a $1,000 sale in Washington Gas Light bonds, series A, at 1017. Smaller sales were then recorded at fractionally lower figures. After call, there were flve more sales at 10115, while one $1,000 sale was re- corded at 102. ‘Washington Gas 5s also appeared on the board, $1,000 selling at 105%;. Wash- ington Gas B bonds aiso moved in mod- erate transactions, closing at 10413 ‘There was a $1.000 sale in Capital Trac- tion 55 at 79%. The first stock sale was 25 shares of Carpel Corporation at 22)2. This company recently put out an excellent annual report and there has been more activity in it during the past few days than noted for some weeks. Columbia Sand & Gravel recorded a small sale at 942 and 10 shares of Cap- ital Traction changed 3 The Board of Governors vote to closs the exchange tomorrow, Good Friday. All tickers in this city will be silent as the New York markets will also be closed. Financial District Comment. The Riggs National Bank has pub- lished a pamphlet since the controller’s call as of March 25; which shows total resources of $67,703.000. The bank established a new all-time high mark in deposits Standard Statistics has just pub- lished a review of the American Ice Co., which has carried on business in Wash- ington for many years. The company now has 80 manufacturing plants and extensive storage facilities and is con- stantly expanding. have become important factors in its Winter business. Carroll Glover of the firm of Glover & Flather is on a short trip to Europe. | Mr. Glover is vice chairman of the bcard of Riggs National Bank and a| Washington | former president of the tock Exchange The Pittsburgh & West Virginia Rail way has been authorized by the Inter- state Commerce Commission to issue 4,700,000 short term notes up to June 30, 1933, and to pledge as collateral se- curity in this connection, $5,000,000 of the road’s first mortgage series D bonds. Hemphill, Noyes & Co., which main- tains & Washington office, announce the opening of an office in Harrisburg, Pa., under the management of Henry M. Gross. Studebaker Shipments Gain. SOUTH BEN Mearch the ment of de by shij rer automcbiles sin Septem| 1929, President A, R. Er- skine reported today. March shipments totaled 7011 cars, compared with 6,312 last March, an 11 per cent gain, and against 4520 in Pebruary this year. a 64 per cent gain. Erskine said unfilled orders on April 1 exceeded figures of any month in the last year and that factory stocks were at the Jowest point in many years. BALTIMORE BANK CLEARINGS. BALTIMORE, April 2 (Special).— Bank clearings in Baltimore for March and the first quarter of 1931 fell sharp- 1y below the same periods of last year, the Clearing House snnounced ye: [ ‘The March total was $335,947,877, compared with $435.148,624, repe- senting a drop of §39,200,747. The first quarter produc:d clearings of $367.309,- 968, as against $1,241976200 for the correspondi riod of 1930, a decline Py ortr X for 3 as & hair beautifier, e 4 Coal_and fuel ofl | ind, April 2 (@.—| 1 ~Prev.1931. High. Low U4 9 52 28% 91 2% 234 109% -~ Btock ana Dividend Rate. Abitibi Pow & Paper ADbitibl P& P pf (6). Adams Exp (160)... Adams Exp pf (5) Adams Millls (2).... Addressogr Co 1.40. . 8 5 4 208 6 1 Air Reduction (t4%) 173 Alr Way Elec Appl.. Alaska Juneau (40¢) 2 Alleg Corp Alleg Cp $3 lleg Steel (12.80).. Allted Ch & Dye (n6) Allis Chalmers (3). . Alpha Port Cemt (1). Amerada Corp (2). .. Am Bank Note (+3). 3 Am Ban¥ Note pf (3)100: Am Beet Sugar..... Am Br Shoe (2 40).. Am Brown Bov Elec. AmBrBEDf (7)... Am Can (15).. Am Car & Fdry (3).. Am Car & Fdy pf (1) Am Chain (3).. . Am Chicle (48)...... Am Comel Alcohol. .. Am European Secur. Am & For Power. Am & For Pw pf Am & For Pw pf (7) Am Hide & Leather Am Hide & Leath pf. Am Home Pr (4.20).. Amlce (3)......... Am International ‘Am La Fr & Foam pf b Am Mch & Fdy 1.40. Am Mach & Metal; Am Metal Co... 1 94 29 s 1 2 5 108 73 3 01 20 Am Nat Gas pf (7)..260s Am Pow & Lt (31).. Am Pow & Lt pf (6). AmP & L pf A st (5) Am Rad & St San (1) Am Sm & Ref pf (7). Am Solv & Chem. Am Solv & Chem p! Am Steel Fdy (3) Am Stores (12%) Am Sugar Ret (5) Am Sumatra Tob. Am Tel & Tel (9 Am Tobacco (16 Am Tobacco B (16) Am Type Fdy (8)... Am Type Fdy of (1. Am Water Wks (3).. Am Wat Wks cfs (3) Am Woolen. Am Woolen pf o -4 o 1467% 8% 27 4% 4 96 4 9% Am Zinc Lead & Sm, Am Zinc & Lead pf. Anaconda Cop (1%) Anchor Cap (2.40) Andes Copper. ... Archer-Dan-M (2) Armourof Il A.. Armour of Il B. Armour of 11l pt Aso Apparel (12) Asso Dry G (2%)... Asso D G 1st pf (6) ASs0 O (2)..vuunns Atch To & 8 Fe (10). Atl Coast Line (110). Atl Gult & W I pf (5) Atlantic Refining (1) Atlas Stores (n1) Atlas Tack. Auburn Auto Autosales. . . Aviation Corp of Dal Baldwin Loco (1%). 5§ Baldwin Loco pf (7). 108 Balto & Ohlo (5).... 3 Balto & Ohlo pf (4),. 3 Bambei ger pf (634 ). 3608 Bang & Aroos (3%). 1 Bang & Aroos ptf (7). 60n Barnsdall (A) (1) 8 Bayuk Cigar (3). Bayuk Cig 1st pf () Beatrice Cream (4) Beech-Nut Pkg (3).. Bel N Ry pt pf 15.51. Bendix Aviation (1). Best &8 Co(2).....00 Bethlehem Steel (6). Bethlehem 8t pf (7). Blaw-Knox (1%).... Bohn Alum & Br1%. Borden Co (k3)....n Borg, Warner (1).... Briggs Mfg (11%). Brockway Mot Trk. Bklyn-Man Tr (4) Bklyn Man Tr pf (). Bklyn Union Gas (5) Bruns-Balk-Col Bruns Ter & Ry 8 Bueyrus cv pf (2 Bucyrus pf (7) Budd (E G) M: Budd Wheel (1) Bullard Co. .. Bulova Watch (134). Burroughs A M t1%. Bush Term deb (7). Byers (A M)... Calit Packing (4) Callahan Zinc & Ld.. Calumet & Arizona. Calumet & Hecla. o peSSurSeniawifrasSanewnnnn ( . Cannon Mills (1.60) . Capital Admin A. J 1) 8 Caterpillar Tr. Celotex vtc ctfs. ... Cent Aguirre As1%. Cer de Pas Cop (2).. Certain-teed Prod. Checker Cab M{g. Ches & Ohlo (23%) Chesapeake Corp (3) Chi Great Western. . Chi Great West pt Chi Mil St P & Pac Chi M1 St P & P pf. Chi & Northwest (4. Chi& N W pt (1) Chi Pneu Tool Chi Poeu Tool pf, Chi R I & Pacific (5). ChiRI1&Ppf (6)... Chi Yellow Cab (3).. 10 Childs Co 12.40). . 2 Chrysler Corp (1) City Ice&Fuel (3.60) i City lce & F nf (6%) 1008 Cluett-Peabody (3).. 1 Cocoa-Cola (17%) 8 Coca Cola A (3)... 1 Colgate-Pal-P (2%). 1 Colg-Paim P of (6).. 2 Collins & Atkma 2 Colonial Beacon Colo Fuel & Iron (1), Colo & South (3). Columbian Carb (16! Comcl Credit (2). Comel Credit A (3).. Comicl Cred 18t (6%) Comm Inv Trust (2). Comm Solvents (1).. Cmiwlith & Sou (60C) . Cmwith & Sou pf 16) Congoleum-Nairn. .. Congress Clzars (4). Conxol Cigars 16). .. Consol Cigar pf (7). Consol Cig pr of 6% . Consolidated Film Consol Film pf (2). Consol Gas N ¥ (4). Con Gas of NY pf(5) Consol Laundries (1) Consol RR C pt Consol Textile Container Corp (A) Container B, . Contl Baking A...... Contl Baking B..... Contl Baking pf (8)., Contl Can (2%)..... Contl Dia Fibre (1) ontl Insur (2 40)... ontl Motors. .. Conti Ol of Lel Cont Shares forn Prea (1114 ) Corn Prod pf (7).... % COtY INe.. 000, 00000 Cream of Wht (12%) Crex Carpef grmo-:lzm eible Steel pf (7). Curtis Publish (17).. Bates— Add 00. High, Lo 9% 29% 19% 90% 2% 22% Prev Clase. Close. £ 59% 19'4 $0% 31y 22% o1's 6% 80% 1% 24% 28 18 20 39Y% 521 123% 119% 16% Cutler Hammer... ... Y% Davison Chemical. .. % Deere & Co pf (1.40 D laware & Hud (9 Del Lacka & Wn (4 Diamond Match..... Dlamond Mtch pf 1% Dome Mines (1). Domn Stores (1.20) Drug Corp (4). Dupont de Nem (4) Du P de N deb pf (8 Eastman Kodak (18) Eaton Axle (1.60) Elec Auto Lite (6, Slec Boat. Elec Pwr & N Elec Pow & Lt pf (6. c Pow & Lt pf (1) c Stor Bat (5) indicott-John (5). Endicott-John pf () & Pub 8v (2.40), ng Pub Sve pf 6). Ea Office Bldg (2%). a reka Vac Cleaner. Evans Auto Products Fairbnks Morse 1.60. Fairbanks M pf (1) Fashion Park Asso. Fed Lt & Tr (31%) Fed Wat Sv A (2.40), Fid Ph Fire In (2.60) Firest T & R pf (6) First Nat Strs (23%). Fisk Rubber. ... Fisk Rubber 1st pf..100s Fisk Rub 1st pfcv... 708 Foster Wheeler (2).. 23 Foundation Co. DN E N AP E L RARR AN AR ABONA LN BB Gamewell Co (5) Gardner Motor. Gen Am Investor: Gen AmInv pf (6). Gen Am Tank Car(4) Gen Asphalt (3)..... General Baking Co. Gen Cable, Gen Elec (1.60). ... Gen Elec spec (80c) . Gen Focd Corp (3).. Gen G & E1 A (e30c). Gen G & El cv pf (8). Gen Motors (3)...... 1 Gen Motors pf (5). Gen Outdoor Adv. Gen Out Adv A (4 Gen Pub Sv b6 % st Gen Ry Signal (§ Gen Realty & Utl! Gen R & Ut pf (e Gen Refractories ( Gillette Saf R pf (5). Gimbel Bros s Gimbel Bros uf (7).. Glidden Co. ... Glidden pr pf (7) Gobel (Adolf). Gold Dust (2%). Gold Dust pf (6) Goodrich (R F).. Goodyear Tire&R(3) Goodyear 18t pf (7)., Gould Coupler. Graham-Palg d Unton pf (3).. Granite City St (3) Grant (W T) (1) 4 Grt North pt (5). Grt Nor Ore (2). Grt Western Sugar. . % Grt West Sug pf (7). 708 Grigsby Grunow.. 8 Guantanamo Sugar. . 2 Guantanamo Sug pf. 2008 Gult Mobile & North. 3 Gulf States Steel. Hahn Dept Sto 5 Hall (WF) Pr Co (2) Ham Watch (11.95). Hanna pt (1).... Hartman Corp (B) Hayes Body..... Helme (G W) (17).. Hercules Mot (1.20), Hershey Choc (5) . Hersh Choc pf (15).. Hollander Sons. Houdaille Hershey Household Fin pt (4) Fouston Ofl. Ho on Ofl (1 Howe Sound (3). Hudson & Man (3 Hudson Motor (1) Hupp Motors Iliinots Central (7)., Indian Motor Cycle. . indian Refining..... Indust Rayon (4)..e Ingersoll Rand (16). Inland Steel (4). . Inspiration Copper. Insuranshar Del 40 Insur Shrs Md(40c Interb Rap Transit Interiake Iron (80c. int Bus Mach (né) Int Carriers (37%c Int Cement (4).. Int Combustion Int Harvester (23).. Int Hydro El A (e2). Int Match pf (4). Int Nickel (80c). Int Paper & Pow C Int Pap & P pf (7)... Int Rys Cen A pt (5) Int Salt (3).. int Shoe (3). Int Tel & Tel (2) Inter Dept Strs ( Inter Dept St pf ( Investors Equity Jewel Tea (4). . Johns-Manville (3).. Jones & Laug pf (7). % Jordan Motor Car... Kayser Jullus (2% Kelly-Spring Tir Kelly-Spr T 8% p: Kelsey Hayes (2). Kelvinator Corp. Kennecott Cop (2)... Kolster Radlo. .. ..., 4 Kolster Radlo ctfy Kresge Dept St pf. Kresge (SS) Co 1.60. Kresge (SS) pf (7). Kreuger & T (a1.60). Kroger Groc&Bak(1) Lambert Co (8, © Rubber & T! Leh Port Cmt pf Leh Port Cmt (1) Leh Valley (2%) Lehman Corp (3) Lehn & Fink (3)....1 Lizg & Myers B (15). . Lig & Myer pf (7). Lima Locomot (m2) e Liquid Carbonic (3)« Loew's Inc (3).....e Loew's Inc pf (6%).; Loft Inc Loose-Wiles (12.80). Lorillard (F) Co. ..., Lortllard (P) pf (7). Louistana Of1 . LouG & Louts & Ludlum Streel Ludlum Steel pf. McGraw-Hill (2).... Melntyre Pore M (1) McKeespt Tin P(15) . McKesson & Rob (1) McKes&Rob pL(33%). McLellan Stor . Mack Trucks (3)...e Macy (R H)&Co(n3) o Magma Copper (2). Manati Sugar.......17 Man Elev mod g (d6) Maracaibo Oll Exp. i Marine Mid (1.20). Market St Ry pr pf.. Marmon Motor Car. , Marshall Field (2%) Atathieson Alkall (2) May Dept Strs (2%4). Maytag Co pf 13) Me 1 Co Mexican S Miami Copper . Mid-Continent ( Midland Steel (3) Minn Moline Pow Minn Moline pf (§%) MSP&SSMisd (4). 208 leoms mrers e o oe e R0 o o com ~ » S B D N P GO N B8 27% 15% % 123% 160% 18 624 3% 49% 96% 106% 62% 35 94 95 128% 128% 162 18% 18% 63% 9% 52 96% 107% 107% 62% 63 354 103% 464 96% 97 30% 30 265% 26% % 10 52 |response to trade advice 11% 2874 3214 3315 74+ 3% 36% 50% 52% 1 1 i Covering Operations Prevent Losses of Any Size—New Lows Recorded. 16 21% 21% 132% 135% 4% 1914 BY GEORGE T. HUGHES. Bpecial Dispatch to The Star. NEW YORK, April 2—It was an- other day of irregular price movements in the stock market. New lows in one part of the list were offset by covering operations elsewhere, but volume was so light that no definite trend was indi- cated. One of the incidents of the forenoon session was the reduction of the divi- dend on United States Industrial Alco- hol from $6 to a $2 annual basis. This action, however, had been anticipated by the stock in its long deciine and the price recovered after the news was re- celved. Before the announcement Air Reduction, a large stockholder in United 6 | States Industrial Alcohol, dropped to & % 23 | new low for the year. 100% 100% 5 5% Motor Stocks. McKeesport Tin Plate moved forward sonfidently during the irregularity in the other industrials, making a new high for the year. Business reports were optimistic as to McKeesport and the stock evidently had strong sponsor- ship. Mpotor stocks made a good showing in March cut- put, excepting Ford, was 187,848 cars and trucks against 148,818 in February, an increase of 26 per cent, although a decrease of 24 per cent from the same month & year ago. Studebaker reported the largest shipments in March for any month since September, 1929, and unfilled or- ders on hand as of April 1 in excess of any month last year. There has been a deal of discussion about the safety of the General Motors dividend but the stock acted well today, while Auburn as usual ran up 5 or 6 points. Not so much could be said of the rest of the market. Independent Olls were weak, with new lows in Phillips and in Skelly, while of the Standard group Atiantic Refining made a new low. Omission of the dividend by Mid-con- tinent increased the pessimism with regard to oil company earnings. Utilities moved uncertainly. Inter- national Telephone was under mild pressure while American Telephone seemed to be in supply every time it rallied. Standard Gas & Electric was a point higher at one time, but in general the light and power stocks looked heavy. The ralls, were as irregular as the in- dustrials. Atlantic Coast Line rallied a a point to a new top for the year. Ru- mors of a stock split were heard con- cerning_these shares. On the other hend, Warner Bros, Cutler Hammer, Illinois Central, Atlantic Refining and Skelly Oil made new lows, chiefly on earnings reports or the proximity of di- rectors’ meetings for dividend action. United States Steel was unchanged and Republic Iron & Steel and Van: dium were fractionally higher. Call money renewed at 11 per cent. During the first half hour only 200,000 shares changed hands, compared to 300,000 on ‘Wednesday. Active industrials registering gains were Byers Pipe, Loew's, Radio and Corn Products. Weak issues were J. I. Case, Fox Film, Montgomery Ward and United States Incustrial Alcohol. Rails were little changed. Mine shares were a shade higher, Kennecott gaining % to 2475. In the utilities, American Tele- phone was lower, while Electric Power & Light gained. General Motors was strong, but Studebaker, and Electric Auto Lite were off. Oils were weak. P e RUUD COMPANY KEEPS UP USUAL DIVIDENDS Special Dispatch to The Btar. PITTSBURGH, April 2.—Directors of the Ruud Manufacturing Co., maker of automatic gas water heaters, have de- clared the regular quarterly dividend of 65 cents per share on the common steck, payable May 1 to stockholders of record, April 20. For the year 1930 the companv re- ports net earnings of $204,611 after all charges, including inventory write-off, depreciation and leral taxes, equiva- lent to $1.65 per share on the 123,721 shares of no par common stock out- standing. Net earnings in 1929 were $513,222, or $4.16 per share. U. §. TREASURY BALANCE. The United States Treasury balance announced today as of close of busi- ness March 31 was $542,428,597.48. Customs receipts for the month to date were $31,80 ‘Total ordinary ex- penditures, $4,682,736. REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD fince: and oariice for 8.8 or 10 1520 K St. ¢ business on Ma: the District of Columbia at oh 1981, RESOUR . Loans and discounts . Overdraf! afts . . United . State secur!ties s owned . Other assets . . Capital stock paid in . Surplus ... Undivided ' profits_ne . Reserves . Reserves for interes:, and _other < TR evevens LIABILITIES. i for dividends, ‘con- tingencles, etc. axes expenses ec- crued and u rpal . Due to banks. including cer- tifled m 2. H3 above-named bani the sbove my knowledse and Ils;md.c"b'ld March, s o i . Demand depo Time " deoelts . 1 & cashiers' checks er liabilitie: the close $930,381.00 539.20 114,463.90 198,481.39 115,323.08 4.612.70 140,416.93 12,769.28 £,974.05 188,405.75 137.260.59 2.01 ,508,050.98 voseesbl, tatement is true A L 1931, PEARLE C, Notary Correct—Attest: ».4 Y, . L SHOREY, Directors 8 CTO8, President of k. do solemnly swear that the best of ef. . T. EXNICIOS, President. and sworn to before me this CRA! the MER, Pubfe. Charter No_ 9545, RE] 1. Loans a; Overdrafts Reserve Dis PORT OF CONDITION trict No. 8. s oF TH District National Bank hington, in the District of Columbia, the close of business on March 25, 1931, RESOURCES, 4 discount; . 36 3. United Btates Government securities owned 4. Other bonds, stock: . Banking rnitu . Reserve _with curities owned S house, $979:758 82; re and fixtures, 38,685.10 ™ i Real estat ed than banking house 3 Pederal Re- 3 ve Bank . Cash and due’ fr 1, Outside checks and other cash_items - . Redemption fund ith U, Treasurer and due from U. §. Treasurer... Securities borrowed . . Other assets Total .. LIABILITIES. Gepital stock ‘paid i 4 Pl 3 . Surplus ...... i . Undivided profits--net Reserves for dividends. con- tingencies, el ,101,642.92 3.366.80 1,041,395.43 548,809.52 ,06,443.92 352,013.88 671,192.02 824,35158 6.693.77 25,150.00 20,000.00 ¥11,604,500.91 1000,000.00 500,000.00 138,074.74 117.587.68 owned other than 9. C3h and due.From bank 10 Guiside. checks and " cash items . 14. Ofher assets ey Wi th:‘!,lll.“ 3.0F Washinaton, es: IR, cashier of l:. above-named bank. do solemnly swear that | the above statement is true to the best of | my knowledge and belief. SAMUEL R. BAULSIR. Cashier. | , Subscribed and ‘sworn to before me fthls | 3cth day of Mareh. 1931. (Sesl) VING ICENT P, BOUDREN, Notary Publie, 2 us 1. Peyser, Bidney W' Straus,” B A~ Blundons Laurence Mills, Fred McKee, Directors. Teserve District No. 5. REPORT OF CONDITI! Of the o Seventh Street Savings Bank of Washington, D. C. the close of busin on March 25, 1931, RESOURCES. . Loans and discounts. Overdrafts ... . United States Correct—Attest: G. Addison. ir., $1.838.548.00 1,080:00 322,085 $43.042. g d fxtures, & alhan_ baking " Bouse. i and due from Gutside chec) o casn ttems Total .. . Capital stock paid in. ; Surplus oo - Godivided profis —néi - Due_to banks. inclu Washington, District ., JOHN M. De HARCOC. glohflll‘;m:( 1R Shove” statement 1s Tree to the best s my knowledge "’g h-,l'ltf. i sy O MARCO. Cashier. |, Bubscribed and sw Thts [ 3186 "dRY"of Sarch, ugy.[c Pefore me (8eal} H. P_ HOWARD. Corfect—AJlo(efl: b couple of points and Southern Pacific . Circulating notes outstand- was & shade higher, while Delaware & | Hudson and Illinois Central were mak- ing new lows. Special weakness de- veloped in Warner Brothers Pictures and in Pullman. During the morning the standard in- vestment issues did little one way or the other. Because of the duration of the Authorized Service Wico—K-W and Webster Magnetos MILLER-DUDLEY CO. 1316 14th St. N.W. North 1583-4 Ciicivdine 49340000 | POTOMAC SAVINGS BANK OF GEOR inciding TOWN. D. C.. OF WASHINGTON, . cashiers’ At'the closs of business on MATCh 25 mgll ,169.48 = 4.778.702.47 RESOURCES. 3,525,746.37 | 1. Loans and discounts 1434343 170. 1,000.00 1000000 | 2 Srerdratts 812,895.03 Due %o " banks. certified and . United States 'Government . Becurities securities owned . 350s . Other liabilitie Total ... .. 311,664,508, District of Coiumbia. City of Washington, ss.: 1. H. L. OFFUTT, Jr., cashler of the above- ramed bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. H " Jr., Cashier. . OFFUTT, Bubscribed and sworn to before me this 1st day of April, 1831. (Seal.) BENJAMIN ROBINSON, Notary Public. Sidney I. Besselievre, . J. Gockeler, Raiph P. Barnard, H. L. Offutt. Jr., Directors. " Periodic Statements 156,228.08 127,745, and due from bank: it e checks and other cash items . Other assets Total .. Correct—Attest: Joshua E I, C. C. Rog ers, " 4 | | Horace G. Smithy, FOR SALE: Cor. New York & New Jersey 5L Golton, Aves. NNW. Two great traffic arteries. { Zoned for business. Improved by well Of a bank's condition enable its public to o 3 gauge the institution’s progress and to pass rented apartment house. First floor can be ;,‘L_?_E“;,’,;‘},,"’;‘:,‘,‘,c‘,‘,:_""m‘ $Ea: e ‘soundy inexpensively remodeled into stores. Recommended for dependable liberal in- nion Trust Company of the Distriet come, and indicated growth in land values. |u! C;!\:mbll takes satisfaction in presenting WEA_V_EBBB District REALTORS S 9486 . Undivided profits—net . . Due_to banks. including 'cer- tified and cashiers' checks outstanding eposits 26. Bills payable and rediscounts OEMAKER. cashier of the nk, do solemnly swear that thy atement is true to the best of my knowledse and beliet il . W. ler. Subscribed %ind sworn to peto this 28th day of March, - S Rnallne a) this report as follows: REPORT OF CONDITION OF THE Union Trust Company of the District of Columbia Of Washington. in the District of Columbia, at the close of business on March 25, 1631 . ARENDES. My commission expires Jamuary 13 1005 Correct—Attest: A Joseph M. Wise. J. Wm. Stohlman, Emory H. Henry w. louuti. E 5 Phgme o iy REFORT OF CONDITION OF THE _ Mount Vernon Savings Bamk Of Washington, in the Distriet of Columbia, at the close of business on March 25th, 1931, 'RESOURCES. . Loans and discounts . RESOURCES. 1. Loans and discounts........ $5,043.031.69 2. Overdrafts “ 5.110.47 3. United Staids ' Gavernment ned . 3 ‘Washington Building u tures, : Real _estate ned ~other than banking house....... . Cush and due from banks . Outside chec! nd other items . Other assets Total ... 124.861.18 1.642,018.89 10.551.04 061.79 .$12,850,023.21 PROPERTY MANAGEMENT cash Security; . Other assets . Total Apartment House MANAGEMENT LI ES. Cepital stock . $2,000.000.00 N A . Undivided " profits—net 757,507.9¢ . Reserves for dividends, tingencies, etc. ........... . Reseives for interest. taxes and other expenses ac- crued and unpaid......... . Due to banks, inciuding cer tified and treasurer checks outstanding . Demend deposit; Time deposits . 1. Other liabllities . con- LIABILITIES. Capital stock paid in urplus ...... B Undivided profits-— Reserves for fs—net . e for dividends, 10, Reserves. for- i and other e HEN you place your Apartment House prop- erties in our charge you will be assured of experienced management, rendered with your best interests constantly in mind—resulting in maxi- mum income. B. F: SAUL CO. 925 15th St. N.W, d_unpal 21. Due_to banks, tified and cashiers outstanding .. 22. Demand deposits’ 23. Time deposits . 30. Securities borrow 310 Other lizbilities V. P. & Treas. of the nk.' o’ soiemnly swear that the above statement is true to the best of my knowledge and belfef. El 4 S, V. P. & Treas. Subscribed and sworn to before me this —_— 30th day of March, 1931 t :$4,908,384.96 (Seal) ~J. DUTTON WAINWRIGHT, iumbia, ‘ss: Notary Public. OBLR' HIGHFIELD, cashier of the Correct—Attest: above-named bank. do solemnly swear that EDWARD J. STELLWAGEN, the above statement is true to the best of EDWARD L HILLYER, my knowledse and bellef. GEORGE_E. FLEMING, ROBERT T. HIGHFIELD, Cashier. . L. BALDWIN, Subscribed and sworn to before me this st day of April, I (Seal. TTIE Notary Pulie. Correct—Attest: UDE H, W A. O, WHAR i 4.9 gumcn“ - FRANK W. E C. DAVISON, Directors. Reserve . 5. REPORT OF CONDITION OF i e THE RIGGS NATIONAL BANK ©Of Washington, in the District of Columbia, at the close of business on March 25, 1831, RESOURCES. C. HOYT, g & o clumusc'p. WiLson, GEORGE E. HAMILTON, LUTHER . e ’I"HUMA% DUNLOP, Nat’l 2100 ORD PRESTON, Charter No. 5046, Directors. MORTGAGE LOANS 1. Loans and discounts 3. Overdrafts . 2,465.91 3. United States Government securities own . 14,511,930.19 4. Other bonds, stocks and securities owned. .. ... 5,881,727.80 6. Banking houses, $2,493,632.17; furniture and fixtures, $442,217.20 2,935,849.37 7. Real estate owned other than banking house. 18,388.10 8, Reserve with Federal Reserve Bank. 3,634,110.23 9, Cash and due from banks......... . 11,780,878.08 10. Outside checks and other cash items. . 40,595.96 11, Redemption fund with U. S. Treasurer and due from U, S. 50,000.00 75,760.62 ‘Treasurer . . -$67,703,069.63 .$28,771,363.39 on 14. Other assets .. Total . Universal Leaf Tobacco Company LTABILITIES. 15. Capital stock paid in..... . 16. Surplus . 17. Undivided profits—net . 5 18. Reserves for dividends, contingencies, etc. o 19. Ruerv.:; for interest, taxes and other expenses accrued and 20, Circulat 21, Due to banks, including certified and cashiers’ . $3,000,000.00 3,000,000.00 518,878.62 606,229.00 204,205.98 Copies on request 1,000,000.00 Mackubin, Goodrich & Co. Estiblished 1809 604.01 BANKERS Total o oo ceveenieienesaass..$67,708,060.63 District of Columbia, City of Washington, s: I, GEORGE O. VASS, cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. GEORGE O. VASS, Cashier. i Tbed worn to before me this 30th day of March, 1981. KARL W. CORBY, JULIUS GARFIN( 2,500.00 Members New York and Baltimore Stock Exchanges eAssaciate Member New York Curb Exchange 1508 H STREET WASHINGTON, -D. C, REDWOOD & SOUTH STS. BALTIMORE, MD., . fC0DtINUCd o Page m PSS |