Evening Star Newspaper, October 13, 1931, Page 13

FINANCIAL. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. TRADE GAIN NOTED . INBANK REPORTS Federal Reserve Districts ¢ Reveal Bright Spots in Business Pjcture. BY EDWARD C. STONE. The brightest spots in the latest re- ports from the 12 Federal Reserve dis- tricts reveal that men's and women's clothing is moving faster in Boston, the demand for for furniture is bet- ter in Philadelphia, definite improve ment in both wholesale and Te- tail trade is Te ported in St. Louis, while Dallas an- nounces that the volume of retail and wholesale trade has improved in that territory. The Kansas City area notes an im- provement in re- tail sales in the past few day while in Minne olis the wheat e and the flour trade showed a better tone following the Hoover plan announcement. Anniversary and spe- | ial Fall sales have proved & boon to in Atlanta ent conditions in Chicago are about the same as in recent weeks. this stability being considered as favorable. ancisco reports $1,000.000 in crease in exports in the first eight months of the vear and notes a marked increase in the number of telephones installed. Cleveland still awaits a turn for the better, the only cheer being seen in the fact that the Hoover plan had the effect of relieving business tensior As already noted. retail trade in the local fifth district is now ‘only 4 per cent under the mark for the first eight | months last vear, the best record made | by any of the 12 districts. Recalls Banking History. Francis M, a retired local banker, savs | “Apparently the public at large does not recall the ‘Aldrich-Vreeland law.’ i whereby Congress authorized the issue $500.000.000 emergency V whereby the controller of the currency, with the approval of the Secretary of the Treasury, could loan same to banks. Accepting bonds and other approved assets as security. “The famous John Skelton Williams promptly notified the banks not to sell out any one until after notifying him and until they had applied for loans. The result was prompt and effective No forced liquidation of note followed. “As regards sccurities, there 15 a transition in values. but a 3 per cent savings account will not recede or change in value. and fortunately all banks in Washington are good.” | Addison Back From A. B. A. Meet. Prancis G. Addison, jr., president of | the Sccurity Savings & Commercial Bank, has returned from the annual convention of the American Bankers' Association at Atlantic City, where he represented the District Bankers' As sociation as a member of the executive council. | In one way the smallc: attendance this vear was highly beneficial, he said today, as it placed the delegates in much’ closer contact with each other and afforded them a better opportunity tn discuss in a very intimate way the problems before the cenvention. Mr. Addison joins the other local bankers at_Atlantic City in lauding the | brilliant address made by Fred I. Kent. He considered it a remarkable state- ment of present banking problems and | what appear to be the best methods | toward their solution | The Hoover $500.000.000 plan over-| shadowed everything else after it was| presented for the consideration of the | convention, Mr. Addison said. | i F. G. Addison, Jr. Savage, “Pollars and Sense” Appears. Dollars and_Sense, the yearbook of Washington Chapter, American In: tute of Banking, is just off the pre This publication has made a natiol reputation among _institute chapters and this one maintains the same high standard. 1t contains pictures in colors of the Capitol. Congressional Library, Pan- American Building and Lincoln Mermo- Tial, also pictures of the Board of Gov- ernors and officers during the past year, as well as the members of the yearbook staff. To make it still more attractive, the members of the faculty also appear to fine advantage. as do officers 4n the District Bankers' Asso- ciation which sponsors the work of the institute. Thumb-nail sized pictures of gradu- ates and committee chairmen have been included. As usual the work of the vear in all departments is clearly and ‘entertainingly presented. Trading on D. C. Exchange. Trading on the Washington Stock Exchange today was featured by sales in Carpel Corporation stock. ~Three hundred shares changed hands, the stock opening with two 50-share lots selling at 15, following the last previous sale at 17. After call, two 100-share Jots_changed hands at the same price The opcning stock sale, after the three-day holiday in Capital Trac- tion. This issue again sold at 25 on a turnover of 35 shares. Potomac Elec- tric Power 6 per cent preferred opened with a small sale at 109 and closed at 1091, i Washington Gas Light bonds, series A, opened at 1007, and closed at 101. The same corporation’s 65 series B, figured in a $500 sale at 100'; and $1,000 sale at 101. Insurance Expert Speaks Here. The life insurance managers of Wash- ington have undertaken serious study of the new conditions in their busi-| ness under the leadership of the Life Insurafice Sales Research Bureau of Hartford. Conn John Marshall Holcombe, jr. man- ager of that bureau. addressed the managers’ section of the District of Co- lumbia Life Underwriters’ Association at the Hav-Adams House at luncheon | today on “Agency Building Under Pres- | ent Conditions.” | This program has been provided by ! the committee hezded by Earl D. Krew- | son. H. Lawrence Choate is chairman | of the managers’ section Washington clearing house for_today. $3402.49540; for $3,798,767.70. SYNDICATE’S ASSETS GAIN DURING MONTH Bpecial Dizoatch to The Sta MINNEAPOLIS. October 13.—An in- crease in assets of $5,843.308 during the first nine months of 1931 is shown by the September 30 balance sheet of In- vestors Syndicate, made public today. Resources of the company gained 8688547 in September, the Ilargest monthly increase since June. Total assets equal $44.653.424. as of Septem- ber 30. The September report also shows a gain in capital, surplus and reserves of $90,518 over the preceding month’s figure. figures | Monday, | U. S. TREASURY BALANCE. ‘The United States Treasury balance announced today as cf close of business Qctober 10. was $400.267.646.20. Cus- tems receipts for the month to date w £11:857,834.73, Total ordinary ex- rd'tures were- $10,577,802.72. Stocks sold In 100-share lots excel 93 High 1061 2315 231 231 11% 109% 20 12% 504 1R2% a2 15215 aRag 86 43% 33 11074 4y 31 13 60 10815 2017, 1288, 132% 132 1101 Rov, 79 107 1% a97y 20513 5 fix Stock and Low. Divitend Rate. 100 < Abram Straus ot (7). 7 Adams Express (1).. 2215 Adams Millls (2).... 10 Addressograph (1) 2 AdvRumley..... 52 Air Reduction(143%). 7 Alaska Juneau (40c) 31 Allegany Corp. .. R Alleg Cp pf $30 ww., 68 Allied Ch&Dye (né 14 Allis-Chalmers (1).. 8 Alpha Port Ci 1 Amal Leather - 13 Amerada Corp (2)... 5% Am Agri Chem(Del), 18 Am Bank Note (13).. Am Brake Shoe(2.4 Am Brake Sh pf (7). Am Can Co (+5) 134'5 Am C‘an Co of (1) 9 Am Car & Fdry (1) 40 Am(Car& 615 Am Chain. 9 Am Kurope 10% Am & For Power. 45'% Am & For Pwr y § Am & For Pwr 2d pf. Am Hide & T.eather., Am TTome Prod 4.20. Amce (2).... Am International Am La Fran Am Locomot Am Lo'motiv Am Mch & Fdy 1.40.. Am Metal Co. . Am Metal pt (6). Am Natural Gas pf AmPwr &Lt (21)... Am Pwr& Lt of (8). Am Radiator (60c) Am Radiator pf (1).. Am Republics. . Am Rollingz Mills Am Safety Razor (5 Am Smitz&Ref (1) Am Snuff (+3%). Am Snuff vt (6) Am Solv & Chemical. Am Steel Found (1), Am Steel Fdry pf(7) Am Sugar Ref (5). Am Suzar Ref pt Am Tel & Telex (9) Am Tobacco (16) Am Tobacco B (16) .. Am Tobacco pt (6) Am Type Fy pf (1).. Am Water Wks (3).. Am Wat Wks cfs(3). Am Wat W st pf(§ Am Woolen Co. ... Am Woolen Co pf Am Zinc & Lead Am Zine & Lead pf Anaconda Copper Anaconda W & C (1). Anchor Cap (2.40) ... Archer Daniel Mid. Armour of Del of (7) Armour of 111 (A)... Arméur of 11 (B)... Armour of Tl pf. .... Arnold Constable Assoclatad Dry G(1) Atch To&S Fe (10).. Atch To&S Fe pf (5). Atl Coast Line (7) A1 GuIf&W Tpf (5). Atlantic Refining (1) Atlas Powder (4)... Atlas Powder pf (6). Auburn Auto (£4). Autosales of. .. 213 Aviation Corp (Del). 100 T27% " 6t Baldwin Locomotive ST 107 10 1414 a3 &1 111 62 RO% 2614 46y 70% 12: 109 211 12 100% 28 100 Balto & Ohio 4) Ramberger pf (6%3). 1% PRarker Bros 4% Barnsdall Corp'n. s Bayuk Clgar (3). Reatrice Cream (4) Beatrice Crm pf(7).. Beech-Nut Pkg (3).. Belg N R pt pf 14 81, Bendix Aviation (1). Rest & Co (2)..... Bethlehem Stael (2). Rethlehem Stl pf () Blaw-Knox (1).... Bohn Alumn (113). Borden Co (k3).. Borg Warner (1). Briggs Mfz (11%).. Brockway Mot Trk. Bklyn-Man Tran (4). Bklyn Unlon Gas (5) Brunsw-Balks. . Bruns Term & Rwys. Rucyrus-Erle. Bucyrus-Frie cv pf Budd (E G) Mfg.... Budd (E G) Mfg pf Budd Wheel (1)... Bullard Co Burrouszh A M(t1%) 90 Bush Termfnal pf(7) 11« Butte Copper & Zinc. 12% Byers (A M) Co..... Calif Packing (2) 13 Calumet & Hecla. 714 Camp W&C Fdy (1) 14 Canada Dry G A (}) 11 Canadian Pacific 1%, 17% Cannon Mills (1.60). 5% Capital Admin (A). 331 Case (J1) Co. .. Case (J 1) pt (7). Caterpillar Trac(3). Celanese Corp...... CeloteX Pfuvvsssosen Cent Aguirre (1%) “entury Rib Mills. Cerro de Pasco (1 Certain-teed Prod Ches & Ohio (214) . Chesapeake Corp(3). Chi Great Westn pf, Chi M1l StP & Pac Chi Mil StP & Pac p hi & Northwest (4). Chi Prieu Tool. . Chi Pneu Tool pf. Chicago R 1&Pacific. Chi R I& Pac pf (7). 4 Chickasha Cotton O11 Childs Company.... Chrysler Corp (1) City Stores City Stores Coca-Cola (17%). . “oca-Cola (A) (3). Coleate-Pal-P (234). Collins & Aikman. ... Collins & Atk pf (). Colonial Beacon. . ... Colo Fuel & Ir pf () Columb G & ¥ (1%). Col Gas&El pt A (6). Columb Carhon (4).+ & & o omm Credit (1.60) .. omel Cred 1St(6%) omel Cred pf B (2). Comcl Inv Trust (2). Comel Inv Trpf 614. Comm Inv evpf(ef). Com Tny Trust pf(7) Comel Solvents (1).. Comwlth&Sou (40¢). Comwlth&Sou pf (6) Congolm-Nairn (1).. Consol Ckr pr ot 614 Consol Film pf (2 onsol Gas N Y (4 Consol Gas NY pf(b Consol Textile Contl Baking (A) Contl Baking (B). Contl Baking pf (8). Contl Can (2%4)..... Cont Diamond Fibre. Cont Insur (2.40). Contl Motors Contl Ofl (Del).... i Contl Shares...... Corn Products (3). Corn Prod pt (7). Coty Ine. ... Cream of Wheat t2% Crucible Steel. ..... Crucible Steel pt (7) Cuba RR pf (6). ‘udahy Packing (4). Curtiss Wrignt..... Curtis Wright (A).. Cushmans pf (8) .. Cutler Hammer..... Davison Cnemical Delaware & Hud (3). Del Lack & Wn (2). Denver & RG W pf Detroit Edison (3).. Diamond Match (1). Diamond Mteh pf 1% Dome Mines (1)..... Domn Stores (1.20) ... Doug Afrcraft(t1%) Drug Corp (4).. 70 101 9 41y 68 6% 46 stman Kodak (8) stman Kod pf (6). ton Axle & Spr(1). Slec Auto Lite (4). . ¢ Auto-Lite pf(7) 219 Elec&Musical Instru 167 Elec Pwr & Lt (1)... Bales— Add 00. 308 e - T T Y S IO L P o) 108 2 -3 2 208 b 2 10 2 33 4 108 3 1 116 13 36 2 10s 10 High, 100 10 27% THE EVENING STAR, WASHINGTON, D. C., TUESDAY, OCTOBER 13, 1931 - designated by letter Net. Low. Close, Chae. 100 1000 —1 9% 9 — % 21% — % 1% + % 2% A 3 74 13 5% 974 37 11 126 154 248 8% 15 13% - 5014 5% 110 107% —4% —a% 121% + 1 o - ul 25 —24 101 ~1s 1% =~ % % - % 208 200 ~A% ~—1031—~ High. _. 981, 66 1% 5% 91 35% 293, 4015 29% 30 2T% N 104 6614 63 Kl 645 8tock and Low.. Dividend Rate. 55 "Elec Pwr & Lt pf(6). 29 Flec Storage Bat (4). % Elk Horn Coal 30 Endicott-Johnson(3) 60% Eng PSpfww (5%). 1814 Equit Office Bldg 2% rie RR 24 pf ‘airbanks-Mor: Fed Wat Sve A(1.20) Fed Dept Strs (25¢). Fid Ph Fire In(2.60). Filene's Sons pf 6% .. 100 Firestone T&R pf (6) First Natl Strs (2%) Fisk Rubber. ... Foster Wheeler ( Fourth Nat Inv m55¢ Fox Film (A) (2%3.. Gien Am Investor; Gen Am Tank Car(4) Gen Asphalt (2).... (Gien Bronz Gen Cable pf. Gen Clgar (4) Gen Electric (1.60) .. Gen Elec spec (60c).. Gen Food Corp (3) Gen Gas&El A (e30c) Gen Gas&E cv pf(6). Gen Ital Ed El m2.61 Gen Mills (3) Gen Motors (3) Gen Motors pf (5 Gen Public Service., Gen Ry Signal (5)... Gen Realty & Utll... Gen Realty & Util pt. Gen Theatre Equip. . Glllette Saf Razor. .. illette Sat R pt (5). idden Co. obel (AdOIf). ... 01d Dust (234) . Goodrich (B F) Goodric) (B F) R( Goodyear 1st pf ( puld Coupler. ... raham-Paige. . Granby Con Min (1). lver Stores. nd ('nion. % .. Grant (W T) (1) Great Northn pf(4).. Great Northn Ore(2) Great Western Sug.. Grigsby Grunow. ... (1.20). Harb & Walker (1).. Hartman Corp (A) Hartman Corp (B) Hawalian Pineappl Hayes Body Corp. Helme (GW) (17).., Hercules Powder(3). '« Hercules Pow pf (7) Hershey Choe (5). .. Homesiake M (7.80), Houdaille Hershey Houston 01l Houston Oil (new). . Howe Sound (2). Hudson & Man (313) Hudson Man pf (5).. Hudson Motor (1)... 3% Hupp Motors. .... 23 Illinois Central (4).. 21 Indust Rayon (4). 45 Ingersoll Rand (4).. 314 Inspiration Copper. Interboro Rap Tra: Interlake Iron. .. 1% In. Agriculture... 51 7 IntAgriculturepf... 179% 92 Int Bus Machine(né) 12% 315 Int Carriers,Ltd 50c. 62'3 17 Int Cerpent (4). . 603 2215 Int Harvester (2% 31 10 Int Hydro ElA (e2). 73% 19 Int Match pf (4).. 167 % (nt Merchant Marine, 201a 74 Int Nick of Can(40e) 10% 1% Int Paper & Pwr (A) 6 7 Int Paper & Pwr (B) 4'3 1 Int Paper & Pwr C. 43'3 9'5 Int Paper & Pwr pf. 1315 2% Int R 558 15 IntR 42 25% Int Salt (3).... b4 42 Int Shoe (3) 51 18 Int Silver. 38% 13% Int Tel& Tel (1). 21% 10 Iat Dept Stores (2).. 5702 24 Jewel Tea (4)....... 80% 31 Johns-Manville (3).. 33 99 Joi §1i Kansas City Southn. 3315 Kan City Sou pf (4). 1 Karstadt (Rudolph). K’mann Dept Strs(1} Kayser (J) & Co (1). Kelly-Spring Tire... pr T 6% pf. Hayes Whe Kelvinator Corp. Kennecott Copper (1) Kimberly Clark 2% .. Kresge (S S) (1.60).. Kress (SH) Co (j1).. Kreuger & Toll 1.61). Kroger Grocery (1 Lambert Co (8) Leh Port Cmt pf (7 Lehman Corp (3) Lehn & Fink (3)..... Libbey Owens Glass. Liggett & Myers(t5) Ligg & Myers B (15) Lily Tulip Cup(13%). Lima Locomot (m2). Link Belt (1.60)..... Liquid Carbonic (2). Loew’s Inc (3). Loft Inc..... Loose-Wiles (13). Loose-Wiles 15t (7). Lorrillard (P) Co.... Lou Gas&ELA (1%). Louis&Nashville(5). Tudlum Steel. McCall Corp (2%). .. McKeesport T P (14) McKesson & Rob (1)y McKes&Rob pf(3%) 827 McLellan Stores. ... MackTrucks (2). Macy(RH)& Co(n3). Madison Sq Garden.. Magma Copper (1).. 4« ManhatElev mod gtd Manhat Elev gtd (7). Marine Midld (1.20). Marshall Field (2%) Mathieson Alkill (2) May Dept Strs (234). Miami Copper . Mid Continent Petm. Midland Steel (3). Minn Moline Pow Minne & St Lows. .. M StP & SSm lsd (4) Mo Kan & Texas. ... Mo Kan & Tex pt (1) Missouri Pacific..... Missour] Pac pf (5). Monsanto CChem (1% ) Montgomery Ward. . Morrell (J) & Co (3). Mother Lode % Motor Meter 614 Motor Wheel (1).... 15 Motor Products (2).. 11% Munsingwear Ine(2). 14 18 10 24 16% R% 31 % 5 _Murray Corp........ 16'4 Nash Motors (2).... 30 Nash Chat & St L(3) 3% Nat Air Transport... 254 Nat Bella Hes 37% Nat Biscuit (2.80)... 15 Nat Cash Reg A 1%.. 20 t Dairy (2.60). 19% Nat Dist Prod (2). 110 Nat Lead pf B ()... 14' Nat Pwr& Lt (1).... Nat Radlator. . 1 D 181y 42 18 80 13 10 83% 398 50% 367 1200 44 t Ry Mex 2d pf. ... Nat Steel (2)....000 t Supply pf (7). t Surety (2)...u0e Tea (1).. . Copper (80¢)..e wton Steel. .... 49% N Y Central (4) . 10% N Y Chicago & St L.. 15% NYChi & StLpf.... 2 NY Investors 30% NY N H& H 80 NYNH&HDpL(T).. 5% N Y Ont & Western., 21x N Y Shipbullding. ... 97 N Y Steam pf (6).... 9914 N Y Steam 12t pf(7). 10 Noranda Mines 1 Norf & Westn (112)., 4 North Am Aviation 26 Nor Amer(b10%stk) 41 North Amer pf (3)... 877 North Am Fd pf (6 L 0% 57 107 Bales— Add 00. 1 2 34 308 % 2% 61 19 14% 13% % 10% 16% 294 98 54% 4T (49 14 22 9 70 18 24% 4 46 1314 4l 20 31 3% 113 381a 3ty 27 23y » > SRavaand LM B a NANBOANSENA AR = 3 - 1 1 708 2 Rz B ANE " B T e e S T Iy 53 3 4 24 & Laugh pf(7) 2208 Badows EYCE T Y 20 1 =3 SaRTannnannns L} Fana-waSua 208 31 1 14 2 96 1 2 22 5 3% 16 45 1 9% 10 9% R 40s 101% 10s 105 10 1214 2 136% 24 6 101 37 3 4R 2 0% 90% (Continued on Page 14.) » 33y % a2 61 19 1% 13% el 9 16% 27 8 LIXY AT N 13% High. Low. Close. Chge. 67T 87 67T + 4 33y% bl 32% 61 19 13% 13% T 9 16% 27 98 Bd4% 47h ) 1314 22 % 70 STOCKS ARE LOWER Net. -1% - Rails Quiet Market—Leaders BY GEORGE T. HUGHES, Special Dispatch to The Sta; NEW and almost featureless trading, stocks | reacted in today's opening session of the week on the exchange. were due not 5o much to any increased | liquidation as to indifference on the | part of LOANS & Your 1st, 2nd or Srd Trust Due? Do You Ni Money? MR. FRIEDMAN NA 416 5th_St. N. Room_707. LIGHT TRADING Especially Weak in Sell Off. YORK, October 13.—In quiet ‘The losses buyers, MOUNT Du::‘s’nn \SCHOOL. SECTEVARIES lecturs will begin prompt PO RO 2 Mot 0 In the Ballroom of the NEW AMSTERDAM HOTEL 2701 14th St. N.W. All executives are urged to come and | doubtful whether it materially affected 14 % | for these issues News over the week end was not cal- culated to arouse enthusiasm for the stock market. The foreign situation dis- couraged buying and disappointment | was expressed at the delay in reaching a decision on the freight rate case by the Interstate Commerce Commission. Finally, the failure of an old and highly | respected brokerage house, announced soon after the opening. had a depress ing effect on sentiment, although it is See prices. The_ ralls were especially heavy, with losses that up to ncon ran as high as 3| points. Baltimore & Ohio, New York Central, Northern Pacific, Pennsylvania and others sold off easily. = Pullman started in at a new high on the move, | but reacted with the railroad shares afterward. Corn Products, supposed to be heavily interested in raincaa se curities, was weak. ‘The industrials and utilities were not quite us depressed as the rails, b nearly all the leading issues were low- er. U.S. Steel ruled under 70 with a lcss of & point or two. The Street is already discussing probable action on the Steel dividend on October 27. In any event, the third quarter statement is not likely to be cheerful reading. The opening was fractionally lower. The rafls showed fairl~ wide declines. thereby expressing disappointment over the fact that no announcement on rates or wages came out over the week end. United States Steel at 703 oft 15, General Motors at 26% Wwas . General Electric at 31% lost 1, and Standard Oil of New Jersey dropped a shade to 31%. Chesapeake & Ohio opened at 3 Southern Pacific at 56'; wes Northern Paelfic at 247, American Tobacco com- mon rose % to 87. but the B shares opened off 13, at 89! American Te ephone gained % at 138'. and Am can Water Work s up 34 at 31% but Columbia Gas & Electric lost !5 at 203, and Consolidated Gas was off ', at 72',. North American was down 1 point at 36% Public Service ad- vanced . to 641, Du Pont lost 7y at 61',, as did Electric Autolite at 2674, Food and chain shares were little changed. President Whitney announced from the rostrum immediately after the was off 2's. | opening the suspension for insolvency | of Kountze Bros., one of he older private banking houses of Wall Street The partners included Herman D Kountze, the floor member, and Charles T. Kountze, Stuart Sidney Furman Willlam H. Gregory, Denman Kountze Palmer D. Kountze and Frank Edgar and Russ. Trading dried up on the decline and after the list had dropped fractionally to 2 points, a partial rccovery set in. During the first half hour volume amounted to only 200,000 shares, the same as on Saturday. Call money re- newed at 2 per cent. this being the first, time since April it had opened higher than 1!, per cent. Supplies of money were small and demand com- paratively small. Active issues like United States Steel Case, Columbian Carbon, and Westinghouse rallied fractionally. The rails dig not rally at all. The market was almost nominal however, so small was the trading. Uti ities, motors and oils were barely steady POTATO MARKET. CHICAGO, October 13 () (United | States Department of Agriculture).— Potatoes, 62; on track, 20; total United States shipments, 800: steady. trading fair; sacked, per hundredweight, Wis- consin cobblers, 85a80: few, Minne- | sota-North Dakota cobblers, Red River section, 85a90: Red River Ohio's, mostly 90; Idaho russets, No. 1. 1.25a1.60: oc- casional higher: commercials, 1.05a1.10 Money on Hand to Lean on First Deed of Trust Reasonable Commission a Prompt Replies to Applications JAMES F. SHEA 643 Indiana Ave. N.W. Opposite United States Treasury UN!QUI in its strategic position in the center of Washington's com- merclal and governmental activittes, with s frontage on three prominent downtown thoroughfares, The Wash- ington Bullding offers facilities and service that characterize the andards of modern office equipment and management. Jts tenants are assured of the inval- uable prestige of so distinguished a setting for their business. The surprising fact that here are no higher than in Dbulldings makes 1t distinetly worth your while to investigate its outstand- ing advantages, Space partitioned and Anished to meet your requiremen hear the interpretation of an exec Council of Executives Executives and potential executives are cordislly invited to hear an inter- esting lecture by LLOYD H. DOPP ducationnl Advizor of th Alezander Hamilton Institute Sponsored by Ive ANCIAL. L3 A—13' Charter No. 2038, Reserve District 5. REPORT OF CONDITION ‘THE Second N‘:tional Bank Of Washington, in the District of Columbis S gto! rict of lumbia, at the close of business on September RESOURCES, . Loans and discounts . . . Overdrafts ... sene cene . United States Government securities owned . . Other bonds, stocks and securities owned ........ . . Banking house, $800,000.00; furniture and fixtures, $71,664.15. . ‘Reserve with Federal Reserve Bank . wees . . Cash anu due from banks ....... . . Outside checks and other cash items ....... sseve . Redemption fund with U. 8. Treasurer and due from U. Treasurer . . “ee . Other assets ‘Total -.-$4,550,005.34 532.77 1,309.689.04 282,069.47 871.664.15 395.531.06 838,768.46 9.093.58 13.750.00 22.400.45 $8,393,594.32 $750,000.00 500,000.00 28,486.46 17,331.27 271,900.00 325,985.06 . Capital stock paid in . . Surplus ........ 3 gnd!vided prof . crseess . Reserves for interest, taxes and otl bl '”5 n .D her expenses fccrued and . Circulating notes outstanding . . {Joseph I Weller STRICKLAND GILLIIL AN Well-Known Humorist z Money to Loan ed by first deed of t ling interest and commis: Four Panics 'N the 37 years since its founding, Investors Syn- dicate has passed through four netion-wide depressions or penics with uninterrupted growth in resources. In 1930 and 1931 it continues its de- pression-proof progress. ASSETS OVER s& Capital, Surplus and Reserves Over $5,700,000 INVESTORS SYNDICATE FOUNDED 1894 932 Ban Building WASHINGTON, D. C. hone, Metropoliten 1879 BALMMORE = LOS ANGELES 23! Gum-Dipped TIRES FIRST LINE Every Tire Carries Factory’s Standard Warranty Compare Our Low PRICES.. . . OUR PRICE BRI T Size 475x20.. 5.00x19... $9.15 200520 3 £0.40 18.. 0.0 . £10.35 25x21. 5.50x20. 6.00x18. 6.00x20 List Price $R8.90 = 6.30x20.. 7.00x18.... $13.00.. Other Sizes at Proportionately Low Prices BEN HUNDLEY 3436 14th St. N.W. Adams 8100 highest bullding rentals ordinary s, . Due to banks, including certified and cashiers’ checks outstanding, . Demand deposits . . Time deposits .. . Bills payable and re . Other liabilities . Tolad .... District of Columbia, ss. I. W. W. MARLOW, cashier of the abov that the above statement is sesesess $8,393,504.32 W. W. MARLOW, Cashier, Subecribed and sworn to before me this 10th day of October, 1931 (Seal.) Correct—Attest: V. B. DEYBER, SAMUEL J. PRESCOTT, E. F. COLLADAY, WM. 8. TORBERT, Notary Public. FRANK 8. HIGHT, A.F. JORSS, C. J. BERGMANN, F. W. MacKENZIE, Directors. '-*JIIIIlHIlIllllllilliilllIIIIIIIllllIII|III|IIllIlmImm|mHmI'IHlII|I|mIIIlIIIIlIll|IIl“|llllIlllllllllllllmlllllllfll* Money Available for Mortgage Loans IRST TRUST LOANS promptly made on ap- proved applications—both new and refinancing —apartment houses, office buildings, residential and business properties, located in Washington, or in nearby Maryland and Virginia. The funds will be immediately avail- able when approved—and for 3, 5 or 10- year periods, at. . 5%% RANDALL H. HAGNER & COMPANY MORTGAGE LOAN CORRESPONDENT 1321 _Connecticut Ave. Decatur 3600 * IllIlll||llIIlllflIIlllllllllmlllllllllllllllllIIlWlIllllIlllll"llmmlfllflllfl‘mlflmlll"IIIllllllllI|Illlllllllllllllllll‘ll* F. B. KEECH & COMPANY New York Stock Excn Washington Stock Exch: New York Curb Exchange' 001 Cotton X New York Cotton Exthanes e xch xch Liver, New York Produce N Y. Coffes & Sugar New © ‘ocon Exehange. Ir. Minneapolis Chamber 6f Commer Members of chi Stock Exchange Chicago Board of Trade ion, Lid New Orleans Cotton Exchange Winnipeg Grain Exchange ubber Exchange of N. ne. iew York Hide Exchange. Ine. National Metal Exchange, Inc. Ine. Bremen Cotton Exchange (Assoc. Members) STOCKS DIRECT BONDS COMMODITIES PRIVATE WIRES We are equipped to handle promptly orders on the leading exchanges of the world. H CORN R 17TH ST, N. W, WASHINGTON NATIONAL 0245 New York Srooklyn Apartment House Chicage Philadelphia Detrott Winnipes Providence MANAGEMENT HERE is a pecuniary ad- vantage, as well as the re- lief from worrying details, in placing your apartment house properties under our manage- ment. We will be able to effect many savings in overhead; and will secure the maximum in earnings. Our service fee is a very minal one. B. F. SAUL CO. 925 15th St. N.W. Nat’l 2100 Refinancing at 1 2 Loan Cnrre;_:mdnm ““The Prudential” % offers the advantages of a longer loan term, and a lower interest rate . . May we prove to you, in detail, the substantial savings possible through five and one-half per cent financing. Prompt approvals — Valuable prepayment privileges — Theee year loans on newer properties without gmortization. WEAZREROS Correspondent e Insurance Co. ‘Washington Bldg. District 94 86 H. L. Rust Company 1001 Fifteenth Street E'S T'AB L JI0:R-E-D National 8100 1589 2,795,071.29 3,502,550.65 200,000.00 2,269.59 e-named bank, do solemnly swear true to the best of my knowledge and belief S