Evening Star Newspaper, July 9, 1931, Page 13

MQUADE NAMES BANK COMMITTEES Association President An- nounces List of Aides for Coming Year. BY EDWARD C. STONE. President E. J. McQuade of the Dis- trict Bankers' Association has ap- pointed the members of the various standing committees which will carry on the work of the organization this year. The personnel of the committees is made up of active members of the associztion, most of whom have already rendered valuable service to the banks and the public. The chairman’s mantle falls upon new shoulders in some instances, but several chairmen have accepted service for another year. Francis G. Addison, jr., will again head the important com- mittee on law and legislation: H. H. McKee will again take care of the prob- lems facing the Taxation Committee, while Hilleary C. Hoskinson will once more play the diplomatic role called for in handling Treasury relations. Frederick H. Cox has been asked to serve another year as chairman of the Insurance Committee; J. Frank White heads the Audit Committee and Thom- as J. Groom will continue to keep the association up to the minute as re- gards standard banking forms. The complete personnel follows: New Standing Committees. Audit—Cashier J. Frank White, Na- tional Bark of Washington, chairman; J. Dann Faber, American Security & Trust Co.; John D. Howard, Seventh Street Savings Bank; John D. Leonard, Washington Savings Bank; Edson B. ©Olds, Union Trust Co.; Maurice Otter- back, Anacostia Bank; John C. Walker, Chevy Chase Savings Bank. Credit Bureau—Charles H. Doing, ‘Washington Loan & Trust Co. chair- man; Francis G. Addison, jr., Security Savings & Commercial Bank; Hulbert T. Blue]le. Riggs National Bank; C. F. ‘Burton, Washington Mechanics Savings Bank; Hilleary G. Hoskinson, Riggs Na- tional Bank; C. F. Jacobsen, National Metrflpollun Bank; Prederick P. H. Siddons, American Security & Trust Co.; John R. McMullan, Riggs National Bank; Laurence A. Slaughter, Commer- cial National Bank; Frank J. Stryker, Columbia National Bank; Samuel M. Thrift, Franklin National Bank; Wil- mer J. Waller, Federal-American Na- tional Bank & Trust Co., and J. Frank ‘White. Standardized banking forms—Thomas J. Grooms, Bank of Commerce & Sav- ings, chairman; J. Dann Faber, W. Reginald Lewis, Northeast Savings Bank; Arthur J. Lh’m, Federal-Amer- ican National Bank & Trust Co.; Ray- mond G. Marx, Riggs National Bank: R;ymond L. Schreiner, Bank of Bright- Robert 8. Stunz, Park Savings Blnl J. Ezra Troth, Chevy Chase Savings Bank; F. P. Williams, North Capitol Savings Bank. Insurance—Frederick H. Cox, Com- mercial National Bank, chairman; S. Wilson Earnshaw, East Washington Savings Bank; C. H. Pope, Munsey Trust Co.; John M. Riordon, Bank of Commerce & Savings, C. W. Shoe- maker. Potomac Savings Bank: Sidney F. Taliaferro, Riggs National Bank; E. Percival Wilson, National Savings & Trust Co. Law and legislation—Francis G. Addi- son, Jjr., chi an; Joshus Evans, jr., District National Bank; Robert V. Fleming, Riggs National Bank: Lanier P. McLachlen, McLachlen Banking Corporation; Henry H. McKee, National Capital Banl . W. Spaid, W. B. Hibbs & Co.; Corcoran Thom, Ameri- can Security & Trust Co. Protective Committee Named. Protective—Edward L. Hillyer, Union Trust Co., chairman; Baird, National Savings & Michael F. Calnan, Liberty National Bank; John B. Cochran, Franklin Na- tional Bank; Joseph T. Exnicios, De- partmental Bank; Howard Moran, American Security & Trust Co.; Joseph Schiavone, International Exchange Bank; Luther E. Schreiner, Federal- American National Bank & Trust Co.; C. Louis Eckloff, National Metropolitan Bank. Publicity—T. Hunton Leith, Security Savings & commercla\ Bank, chair- man; John P. United States Savings Bank;'Wade H. Cooper, Com- mercial National Bank; Aubrey O. u-Ame jcan National Co. L. Flather, A.rnericnn Security & Trust Co.; Thomas Hicl Franklin National Bank; A Scott Offutt, Washington Mechanics Savings Bank; George O. Vass, Riggs Nnuunnl Bank. Taxation—Henry H. McKee, chair- man; Francis G. Addison, jr., Robert V. Fleming, Howard Moran, John Poole, Federal-American National Bank & Trust Co.; W. W. Spaid and Sidney P 'l‘llllkn’o National Bnnk ‘Washington & s L J. Roberts, Riggs National ‘Bank. Prank W. Stetson, National Savings & Trust Co. Publicity Manager Eliot H. Thom- son, Washington Loan & Trust Co., i ;fi%i‘? chairman of the advertising com- e. Local Bank Declares Dividend. At the monthly meeting yesterday the directers of the Washington Loan & Trust Co. declared the regular quar- terly dividend of 3 per cent, payable August 1 to stockholders of record on July 25. Waggaman, Brawner & Co. are dis- tributing a circular showing the earn- ings of the leading New York bank stocks during the first half of the pres- ent year. Crane, Parris & Co. are distributing their July information pamphlet on ‘Washington securities, showing the par value, stock outstanding, hign and low quotations for several years, present quotations and yields on all issues listec. on the lccal stock exchange Herbert R. Quinter, manager of the insurance depariment of H. L. Rust & Co., has quelified as a delegate to the national convention of the Aetna Cas- ualty & Surety Co.. to be held in Hart- ford, Conn., in August. The sessions will be held in the new Aetna Life Building. Eelection of the delegates is based on their success in a recent pro- duction campaign. The F. W. Woolworth Co. has de- clared the regular quarterly dividend of 60 cents a share, payable September 1 to stock of record August 10. Trading on D. C. Exchange. Washington Railway & Electric 4s wers in extra good demand on the Washington Stock Exchange today. There were four $1.000 sales and one $2.000 sale. The bonds opened at 92 and closed at 91%. Small sales were recorded in Wash- ing Gas Light 6s at 104%. The rest of the trading was in stocks. Capital Traction advanced today to 36%. 50 shares of Peoples Drug Stores moved at 100}, and American Security & Trust Co. stock sold at 315. Several other issues appeared on the board around recent prices. -—r Cigarette Prices Advanced. NEW_ YORK, July 9 (®.—United NEW YORK STOCK EXCHANGE Received by Private Wire Direet to The Star Office. Note.—All stocks are sold in ome hundred share lois excepting those designated by the I-ttc s (80s) (250s). Stock and Sales— Divicend Rate. Add 00. High. Low. Close. Oloss, Abitibi Pow & Paper Adams Express (1).. Addressogr Co 1.40 Adv Rumley (new) Air Reduction (14 Alr Way Elec Appl. . Alaska Juneau (40c) Albany Wrap Paper. Alleg Corp. .. Aliled Ch & Dye ne) Allled Ch & D pf (T). Allis Chalmbers (2).. Alpha Port Cemt (1). Am Brown Bov llw Am Br B E pt (T) Am Can (15)..... 13 13 . 420n 449 Am Car & Fay ot (1) 190- Am Chain pf (7). Am Chicle (13 Am Coal (4). Amer Col'type (80c). Am Comel Alcohol. .. Am European Secur. 30s il 2 1 Am & For Power. ...1199 Am & For Pow 2d of. Am Home Pr (4.20).. 4 Am International. 1 3 9 Am La Fr & Foam pf 20s . Am Mach & Metals Am Metal Co.. Am Pow & Lt (11). Am Pow & Lt pf (6). Am P &L pf A st (5) Am Ra&Std San 60c.. Am Rolling nm- Am Ship & Ce Am lhlnbuumng (5) uo. 4 Am Smelt Ref (2). Am Sm & Ref pf (7). Am Snuff (13%). Am Snuff pf (6). Am Solv & Chem pf. Am Stl Foundries(1) Am Sugar Ret (b) .. Am Sugar Ref pf (7) Am Tel & Tel (9) Am Tobacco (16) Am Tobacco B (t Am Tobacco pf ( Am Water Wks (3).. Am Wat Wks cfs (3) Am Wool Am Woolen pf. Am Writ Paper pf. l 2 Anaconda Cop (13%) - 532 Armour of Il A...ee Armour of 11l B Arnold Constable Associated Apparel., Asso Dry G (2%) Atch To & S Fe (10). Atch To&S Fe pf (5). At1Guif & W 1 pf (5) Atlantic Refining (1) Atlas Powder (4) Auburn Auto (£4). Aviation Corp of Dal Baldwin Locomotive Balto & Ohfo (5).... Balto & Ohio pt (4) Barnet Leather.. Barnsdall (A) (1). Beatrice Cream (4) Bendix Aviation (1). Bethlehem Steel (4). Bethlehem St pf (7). Borden Co (k3)..0em Borg, Warner (1). ... briges Mfg (11%) ... Brockway Mot Trk. Bklyn-Man Tr (4) Bklyn Man Tr pf (8 Bklyn & Queens. Bklyn Union Gas (5) Brown Shoe pf (7)... Bruns-Balk-Col. . Bruns Ter & Ry 8 Bucyrus (1)... Bucyrusev pf (2%). Budd (E G) Mfg. Burroughs A M 1 Butte Copper & Zin; Byers (A M). Byers (A M) ! 5 Calumet & Hecla. 10% Camp W&C Fy(1). 29% Canada Dry G A (3). Canadian Pacific 1% . Cap Admin pf A (3).. Car Clin & O sta (5). Case (J I) (8) Caterplllar Tr: Celanese Corp Celotex vte ctfs “erro de Pasco (1)... Chi M1l St P & Pac. .» Chi Mil St P& P pf.. Chi & Northweat (4). Chi Pneu Tool pt.... Chi RI& Pac(mi%k) Chi Yellow Cab (3) Childs Co (2.40) . Chrysler Corp (1) City Ice&Fuel (3. 15 1508 2 4 17 84 1 City Ice & F pf (83%) 10- 20- 1 Coca-Cola (17%) 1 Coca-Cola A (3). 1 Colgate-Pal-P (2%4). 2 Colg-Palm P pf () 3 Collins & Alkman, 1 Col Gas & El (2). 8 ColGas& EIpfA (63 & Columbia Graph Gée. Col Grapho ctfs 56c.. Columb Carbon (§) Comecl Credit (2)... Comcl Credit A (3) Comel Cred pf (1% 4 Comel Cred pf B (2 Comm Inv Trust (2). 3 Comcl Inv Tr pf 6% . 10s Comm Solvents (1).. 512 Comwlth&Sou (40c). 54 Cmwlth & Sou pt (6) 9 Congoleum-Nairn. .. Consol Cigars (5) Consolidated Film. .. Coneol Film pf (3). Consol Gas N Y (4).. Con Gas of NY pf(§) Consol Laundri; Consol Textil Cont) Baking Contl Baking B. Contl Baking pf (i Contl Can (2%)... Contl Insur Contl Motor: Contl O Cont 8i Corn Products (14) Cotv Ine Cream of Wht (12%). Crucible Steel. ...... Crucible Steel pf (1) 20s Cuba Cane Prod. .. Cuba R R pf (8). Cuban-Amer Sugar % Cuban Dom Sugar. Curtis Publish pf ¢ Curtiss Wright Corp Cnrtiss Wr Corn A T Detroit Edison (8). . Diamond Mateh..... Diamond Mtch of 1% Dome Mines (1) Domn Stores (1. Douglas Alr (113> Drug Corp (4) PDunont da Nem Eastman Kodak (18> Eaton Axle (160)... Emn:wn-acmld Pt ¥lec Auto Lite (6)... Elec Boat. Elec&Musical Instru Klec Pwr & Lt (1), Kleo Pow & Lt pf l‘) Elec Pow & Lt pf (1) Flec Stor Bat (5) . Endicott-John (3). Eng Public Sve (2).. Eq Office Bldg (2%). Erfe RR....ovanvnen Eureka Vac Cleaner. Evans Auto Products Exchanze Ruf (134). 30s Fed Lt & Tr pf (6). 4% 16% 18% 5% 82 5 15% 8% 7 4% 16% 18% 5% 4% ’-Pm 1981~ Low. dllb 'l% 3% 47 9% 31 57 80% L 4 24% 31 6915 bdin 6934 1321 1% Btoek a Divide dl-u. Add 22 Freeport-Texas (3)., % Gardner MOtOT...... du Gen Am Investors. 52% Gen Am Tank 0‘!(0) 15% Gen Asphalt (3). 17% Gen Baking (2). 5 Gen Bronse... 27% General Cable pf.... 31 Gen Cigar (Ol. 36 Gen Eleo ( Gen Elec spec (..‘) . Gen Food Corp (3).. mal (5) 1 Gen Ry Signal pf (!) 50s 5 Gen Realty & Util. .. Gen R & Ut pf (o8 Gen Refractories ) Gen Theater Equip.. m k Gillette Baf Rasor.. Gillette Saf R pf (5). Gimbel Bros 1f (T). Glidden C> Gobel (Adolf! Gold Dust (33 Gold Dust pf ( Goodrich (B F). Goodrich B F pf Goodyear Tire&R(3) Goodyear 18t pf (1).. Gotham Siik Hoslery Grabam-Paige. ..... Granby Con Min (1). Grand 811 8trs (h1) .. Grand Unton. , Grant (WT) (1). Great Northn pf(4) Grt Nor Ore (3).. PRI 3 9 L TOT T eI Grt West Sug pf (7). Ho- Grigsby Grunow.... Guantanamo Sug pf. IDI Gulf Mobile & North 1 Hacken Watpf A 1% 40s Hahn Dpt St pf (6% ) Hall (WF) Pr Co (2) Haves Bodv. Hercules Mot Co 80c. Hersh Choc pf (15).. Hollander Sons. ..... Houdaille Hershey. Houston Ofl...... Houston Ofl (new).. Howe Sound (2). Hudson & Man (3% ). Hudson Motor (1).. 5% Hupp Motors. 21% Indust Rayon (4 Ingersoll Rand (1). . Inland Steel (234) Inspiration Copper.. interb Rap Transit. . Int Agriculture pf. .. Int Carriers, Ltd 50c. Int Cement (4). Int Combustion. Int Harvester (3 Int Int Salt ¢3). Jnt 8hoe (3).... Int Tel & Tel (2). Inter Dept Strs (2). 20 Island Cr Coal (4} 361 Jowel Toa (4 «m Johns-Manvi Karstadt (Rudnlph). Kayser (J) &Co (1). Kelly-Spring Tire... Kelsey-Hayes Wheel Kelvinator Corp.... Kennecott Copper (1) Kress (SH) Co (J1) Kresge (SS) Co Kreuger&Toll (1.61) roger Groc&Bak (1) lfl% 1% 8 844 10% 102% 102% 17% 17 aclede Gas pf (5).. 508 3 Lambert Co (8. Leh Val Coal pf (3) Leh Valley (23%). Lizg & Myers B (15) Lily Tulip Cup (1%) Liquid Carbonie (3). Loew's Ine (3) Loft Inc. Loose-Wiles 18t (7). Lorillard (F) Co. . LouG&EA (1%).. L'ville & N'ville (5). Ludlum Steel. .. McCall Corp (%) McCrory pt (6). McKesson & Rob (1) McKes&Rob pf(3%). Mack Trucks (3).... Macy (RH) & Co(n3). Mad Sq Garden (60c) Magma Copper (1).. Mallison & Co pf.... ManElevmg .. Marine Mid (1.20) Marmon Motor Ca: Marshall Field (2% ) g Moxican Seaboard Miami Copper . . Mid Continent Petm.. Midland Steel (3)... MS P& SSM isd (4). 108 13 Mo Kan & Texas.... Mo Kan & Tex pf (7) Missouri Pacifie Nat Biscuit (2.80 Nat Cash Register A. Nat Dairy (2.60).... Nat Lead (5). N Y Steam 1st pt (1) 1:- Noranda Mine: Norf & West (112)... North Am Aviation. . Nor Am (b10% stk). North Amer pf (3).. Northern Pacifie (6). Norwalk T & R pf Ohio O1l. ... 2 Oliver Farm Equip 10 Oliv Farm Eq pr pf. 3% Omnibus Corp. ... 31% Otis Elevator (2%).. 64 Otis Steel....... 30 act Pacific T & T pf (6) . ckard Motor (40c) Panhandle P&R. ... Paramount-Pub 2%. Tnnlflofl. Pathe Excharge Pathe Exchange A Peerless Motor Car.. Penick & Ford (1) Penney (J C) (2. Ehilip Mor & Co (1) A Petroleum. . A Pitts Dait Cp ot (). Porto Ric-Am To(2). Postal Tel&Cable pf. Prairie Oil & Gas. c 3 1 8 6 594 247 341 114 425 K3 344 15 9% 10% sm 73 73 115% 116% 18% 18 2 171% 170% 11 819 39 68ls 6 55 4 40 . 308 15 6 10 3 2! 15 5 Otis Steel pr pf (7).. 20 S meuala @ S-Ra “|for July and September STOCKS MARK TIME IN QUIET TRADING:: Price Movement Slightly Ir- regular as Rallies Follow Early Drops. BY GEORGE T. HUGHES, Special Dispatch to The Star. NEW YORK, July sion of 1 ar price fluctustions the stock market left off slightly higher to- day. The significant thing was that resistance developed to the reaction that had been in progress since the first of the week. Repeated attempts by operators for the decline to unsettle me list met with only temporary suc- —After & ses- Canmod!ty markets were lower, '.M decline in cotton now amounting to $4 a bale in two days. Wheat at one time deliveries reached the lowest levels since 1896. German bonds were weak all day, al- though rallying slightly at the end. The general bond market was fairly firm. Stock mads their best prices in the last hour under short covering. Among the features was the buying in Dryg, Inc. Sentiment in the Street inclined toward the pessimistic view at the outset. It was sald that the su.uluon in Germany was much more serious than had been realized and that there had been no im- provemént in business on this side to warrant any rise in stocks. Foreign markets were depressed, but the foreign news was more favorable. The weekly report on carloadings showed s slightly more than seasonal gain, but the com- parison with a year ago was still so poor that the increase aroused no’en- thusiasm. Discussion continued as to the action of the United States Steel directors at the dividend meeting on July 28. | Opinion was divided as to whether 2. there would be a reduction at this time or not, but in any case the re- organized bear party made no secret of the fact that they were offerin, steel as well as numerous other indus- trial stocks. They seemed a little shy of attacking the rails, pend: events in the consolidation fleld and the hear- m% on application for higher rates. t was noticeable, however, that stocks which for one reason or another had “ a good story” were very steady. General Motors held well, reflecting its encouraging sales reports. Com- mercial solvents responded to reports of good busiress. There was buying of the shoe manufacturing stocks, includ- ing Endicott Johnson, which was said to be operating at capacity. There was no weakness in the oils notwith: standing the cuts in crude and in gaso- line. Much is hoped for fromr the extra session of the Texas Legislature sched- uled to convene on J\lly 14. NEW SECURITIES NEW YORK, July 9 (P —New se- curities oflfled todlv include: State of Missouri, 000,000 3'; per cent bonds, dated July 1 and due each Au- gust 1 from 1948 to 1952, priced to yleld about 3.70 per cent, by s syndicate headed by the Guaranty Co. of New York. NEW YDRK BANK STOCKS NEW YORK, July 9 W,—Over—the- counter market: o MeS Amertes Chatham Phen Commercial Nationsl Pirst Nationsl N Y. an Co ... 28383238 Bankers ool Chemical Bank i Tmll nk & Trust 5 National City Bank. ! NEW YORK, July 9 (#).—The state- m 0( the l!wml.l City Bank as of total assets of $1,973,- l“,ul, staterent, which 'l.l of lllrch mfl: an error in records, the Asso- monmuly July 3 that the Ji 30 figures pared with $1, nuu.lu three months That total was of 15 pre %thn Previously, or as of March 27, Y of s share of Clase o Joretle be made who do OF Park Saving 01 'IIh‘nlwflv D. C, at the close of busi- on June 30, 1931. 77,158.32 112,908.66 1 2 % 0 4 [3 Ilmu 20,06 ure*ind Anum. 10, 1050820 5,000.00 Undivided ' profits Reserves for dividends, tingencies, ets. . x tifled and ‘cashiers' checks gutstanding Demand d Due to banks. inci ed 'BYRAUSS. cashier of the amed do solemly swear that The "above atatement ‘18 irue to the best of my knowiedge and beliel. BTRA! 1bed aad smorn 0 before °f JANies F. mTSELBERG oters Fublte. Correct Attest: GEORGE E. WALKER. GEORGE A. PREVOST, CHAS. W. BOLGIANO. Subser! tth aar Reserve District No. 8. REPORT OF COND ¥ THE East Washmgltm Savings Bank Of Washington, in the District of Columbia, The close of busi on June 30, 1931 $883.567.00 1,010.00 5.437.50 RESOUR Loans and discoun, “'§31194.79: furniture fixtures, .808.31 i s . Real estate owned ot] use cash s a.?. from bariks : Sutside checks and otner 25,000.00 12.001. 98511.35 42.60 . Other assets 2 Total.... ..31,107,071 LIABILITIES. gapital stock baid in 1 Dhdwiged profits-—net 1 rves for dividends. col tingenctes, etc 9. Reserves for interes ‘and other expenses " “taxes 20| Joseph I. Welle: NA REPORT OF CONDITION Chevy Clun SIVI s Bank ot wumnmm 1n the Dmnet of Columbia, at the close of business on June 30, 1931. First Mortgage Applications * Invited at 5/5% . Glover & Flather 1508 H St. N.W. National 1753 362177433 34.563.76 419,034.30 fu $ariless Gath, and dué’ from banks. 16 Gitside. ‘checks and " other cash i 14, Other assets 150,399.85 277,588.65 6.900.19 1,945.02 $1,512,266.55 $100.000.00 fo.0008 4,237.12 19. Reserves for interest. . lnfl flh‘ll !l?:nlfll and unpai n m- o panks el taxes, ac- 4.975.00 3 17.555.33 22. Demand its 5 B Pemand devoal 752:302.74 26, Bills pavadle Total city of wumn ton. Damed ‘pank, do. Bbove statement i3 true o the best of my and_belief. J.(EZRA TROTH. Cashier Guaranteeing Satiargction The Trademark Quick as MRonar Puble, Johi Thomas K. :0 o B Thomas W, Ferv, Bed S ebeir Jou A, Burka 2] Paul !lemn Houu E. We recommend— National Bank The Largest Bank in the World Total Resources Over $2,000,000,000 Selling About 80 Yield 5% A special analysis on request Waggaman,Brawner & Co.,Inc. INVESTMENT BANKE! 1700 Eye N.W. Every Record Visible IDEX is the short cut to modern record keep- ing. If you are not acquainted with Videx you are overlooking an opportunity to increase efficiency of your office. Videx will do a big job in little time and it is surprisingly simple to operate. ured by first deed of Prevallivg_interest Money on Hand te Loan on First Deed of Trust 6Y% Interest Reasonable Commission and Prompt Replies to Applications JAMES F. SHEA 643 Indiana Ave. N.W. TELEPHONE CALL will bring a Videx specialist to your office to explain how Videx will fit in with your rec- ord-keeping requirements. STOCKEc noow:mo STATIONER oIS = . ol v RshiNoTon Do Columbia Building Assoclahon 716 11th St. N.W. Under Government Supervision Pays 5% Let Us Refinance 2 Compounded Semi-Annually g and unpaid . 2 to banks. including ‘ce tified and cashiers’ checks outstanding {28, Time deposits Total Digtrict of Columb 1, 8. WILSO! N EARNSHAW. treasurer of Subscribed and, l"orn to betore me This nh of July. 1 4 GEORGE A, REPETTI siah) Notary Public. Correct—Attest: rrec s Soan JOHN C. 8 H. WALKER. MORRIS E_MARLOW, 5 . 45 Mnnnhrmr" LTI New ter No. T446. e REPORT OF H H LEWI Reserve Ditsrict No. 5. CONDITION Commercial National Bank Of Washington, in the District of Columbim at the Close of Business on June . Loans and discounts . . Overdrafts " United States Government securities owne , 1931, . u.m.sm.as . 973.72 2,754,553. 15 . Other bonds, stocks and securities owned . Banking house, $1,683,377.08; furniture ant % 17. Un¢ . Real estate owned other than banking house . Reserve with Federal Reserve Bank . . Cash and due from banks . Outside checks and other cash items . Redemption fund with U. S. Treasurer and due from U. 8. 3 Clptul stock paid in . . Surplus A Undlvlded profits—net . . Reserve for dividends, contingencies, etc . Reserves for interest, taxes and o'.her expenses ACCTU ‘unpaid . Circulating notes outstanding . Due to banks, including cemned and cashiers’ checks out- standing . Demand de) Time deposits .. United States deposits . . Securities borrowed .... . Other labilities District n! Columbl&. City of Washington, ss I COOPER. 1,048, 767.16 19,001,794.77 $1,000,000.00 400,000.00 298,121.92 43,539.64 1,000,000.00 1,889, 9 6,415,870.89 6,973,097.27 332 458.45 0,000.00 32 042.53 19,091,794.77 president of v.he above-named bank, do_ solemnly swear t.hn the lbcve statement is true to 4 knowledge and belief. the be# of my knowledge g Subscribed and sworn to before me this 7th day of July, 1931. (Seal.) Correct—Attest: hy JAMES B. REYNOLDS, BATES WARREN, E. C. DAVISON, GEORGE TULLY VAUGHAN, L. THOMAS, Notary Public, D. C. RALPH D. QUINTER, L. A. SLAUGHTER, JAMES H. BADEN, WALTER J. HARRISON, Directors. REPORT OP Reserve District No. 5. oormmou WASHINGTON LOAN & TRUST CO. of Wlshlnmn in the District of Columbia, at the close of business on June 30, 1931. RESOURCES. . Loans and discounts ..... . . Overdrafts . United States Government securities . Other bonds, stocks and securities owned . $9,106, M: .83 1, mlb" 10 owned . 2,507,431.22 . Banking house, $1,918,161.90; furniture and fixtures, $170,051.46 2,088, 213:; . Real estate owned other than banking house Cash and due from banks . Outside checks and other cash ‘Total 15: Capital stock paid in . . Undivided profits—net l“’ 757.19 17,642.21 320.328,’“22 19. luurvu for interest, taxes and othzr zxpema accrued and solemnly 136,985.38 | Your Maturing Real Estate Loan No Commissions Charged 22 Years’ Successful Business Without the Loss of a Dime PROPERTY MANAGEMENT Apartment House MANAGEMENT WHEN we take over your apartment house properties we assume all the responsi- bilities of management — re- lieving you completely of every annoying detail — rendering complete itemized reports of our stewardship, showing what real advantage it is to have us look after your property interests. B. E. SAUL CO. 925 15th St. N.W. MORTGAGE LOANS Nat’l 2100 O V' E SHOULD ke to offer our facilities for the placing of your ini- vestment funds . . . For more than forty years the H. L. Rust Company has been making first trust loans on im- proved properties in the District of Columbia and adjacent Maryland Sub- urbs. Investors have found the notes SAFE in the abundance of the security —CONVENIENT in their denomina- tions—PROFITABLE in"the highest interest yield consistent with a conservative investment. FIRST MORTGAGE NOTES 'RANT, Treasurer of the above-named bank, .mrmzm-mmmumwmmzmwmmuauw Cigar Stores Co. of America has ad. 81 Fairbanks M pf (7) vanced the retail price of popular brands of cigarettes, effective July 13. The new prices will be 14 cents a package of 20 cigarettes, two packages for 27 cents, 33 cents for a tin of 50 and $1.32 a carton. Similar increases were announced last week by the Great Atlantic & Pacific increases are the result of the Tecent advance in the wholesale prices, 64% 2% - 38% 4% Federal Screw Wks 15% Federated Dept St 364 F1d Ph Fire In (2. 16 Filene's Sons. 86% Filen pri(8y). 41 First Nat Strs (2%). % Fisk Rubber... 1 Fisk Rubber 1st pf. 21% Foster Wheeler (3). 20% Fourth Nat Inv m§5e 2% 2% 11% FoxFilm (A) (2%).. 376 {18% 17 Pub SvNJpf (TL - Pub Sve G&E pf(5). Pullman Corp (4)... Punta Alegre Sugar. “ BP0 R0 00 e o 17% 17 e Subscribed and sworn to before me thll 8th day of July, 1931. J. TARBELL 'ARD, N (Seal.) HOW, lotary Public. Oonect—AtM . MEEM, MELVILLE l GROSVENOR, g'yo JOY EDSON, J. LEO KOLB, E. PEARSON, ARTHUR JOH.N BARTON PAYNE, 8. H. KAUFFMANN, W. ESTES, FLOYD E. DAVIS, DONA!.D WOODWARD, AR STONE, A O 3 A. JOHNSTON, Directors, 6% H. L. Rust Company 1001 15th Street Nn‘l 8100