Evening Star Newspaper, October 14, 1931, Page 13

ANCIAL. THE EVENI NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. - NG STAR, WASHINGTON, D. C, ISTOCKS IRREGULAR Charter No. 10316. Reserve District No. 8. REPORT O.P CONDITION O‘P THE £ Federal-American National Bank and Trust Company Charter No, 4107, Reservs District No. 8. ¥, CONDITI National Cuglul Bank in the District of Columbia, O \iainess on September 29, 1931. FLEMING TO HEAD CREDIT WORK HERE Riggs National Bank Presi- dent Appointed to Wash- ington Area Post. BY EDWARD C. STONE. Rebert V. Fleming, president of the R National Bank, has been ap- pointed to take charge of the part to be taken by tho Washington banks in connection with the Hoover plan, which aims to help banks in other parts of the country which may temporarily need financial support. The announcement was made this noon by John N. Miller, jr.. president of the First & Merchants National Bank of Richmond. who has been selected by the Exccutive Committee in New York to represent the fifth Fed- eral Reserve district in completing or- ganization of the National Credit Cor- tion which is to handle the funds ade available Miller, who has been asked to ent the ¢ fifth Federal Re- serve distri 1l attend the important Mmeeting in New York Saturday when details of the plan are to be In addition to the selection ing to take charge of the shington, Mr. Miller has named assistants in _Maryland, West Virginia, North and | olina Requested to Outline Plan, request of Edward J. McQuade, nt of the District Banke As- ion, it as expected that Mr. Feming would outhine, in a general way, the aims of the Hoover plan and the ‘methods by which the banks are to raise the money, at today’s luncheon at_the Willard. While the details of this great na- tional move. aimed to restore and build up economic confidence, have not yet been worked out, Mr. Fleming heard the main points very clearly presented at the American Bankers Association Convention at Atlantic City last week. The association adopted resolutions i favoring the plan in principle and the whole idea was freely discussed The Clearing House Associations in York. Chicago and elsewhere are 2z prominent roles in arranging | 1r‘ s g the nd quotas. No doubt the Washington Clearing House will do ; the same Reports New York indicate arc progressing #plendidly.Controller of the Currency John W. Pole has come out with a cordial indorsement of the whole idea and urges national banks to give full support. Reports on Institute Work The latest vear book of Washington Chapter, American Institute of Bank- ing, presents a complete summary of the work of the past 12 months. It con- tains articles by Edward J. McQuade, president of the District of Columbia Bankers ; Lanier P. Mc- Lachlen, president _of the same | organization: Henry H. McKee. chair- of Columbia Clear- ion; the annual re- p k M. Perley, chapter presi- dent for the vear 1930-1931; Bernard I Boudren, prize essay contest winner this ar; Paul J. Seltzer and the following mittee chairmen: A, E. Henze, Richard A. Norris, house: James Soper, finance; John M. DeMarco, Walton L. Sanderson. Board of Consuls: Miss S. Winifred Burwell archives: T. Hunton Leith, public af- fairs and education: Willard C. Barker, entertainment; I. J. Roberts, banquet: Henry F. Kimball, publicity; J. Fred English, membership; J. E. McGeary, athictic, and Mildred C. Woodcock, weme The from plans 2l A auditin ar book was compiled and pub- | lished by the following stafl: H. J. B selle, cditor in chief. Paul J. Seltzer, Mable V. Royce and Willard G. Barker, editors; Robert E. Lee, business mana- ger. J. Olan Skinner, assistant business | manager, and J. E. McGeary, circula- tion manager Washington Clearing Hous for today: £3.043.196. fl‘g i Today's Trading on Exchange. Bonds were the most popular issues | the Washington Stock Exchange The first sales were two $2,000 Electric Consolidated 55 at 102, n Gas 6s, series A, came and $500 Washington Gas 101',; Gas 6s, series B, for a $100 bond. 1 Railway & Electric pre- the stock appearing closing at 94. The board has voted to hold the ¢ sessions at 10:15 instead of until further notice. Financial District Notes. arkey, president of the 2 of Washington, returned vs ago from a three-week motor Montreal and other points in While away he motored the White Mountains, Green Alleghenys and the Blue on trp to Canada igh ntains, Ridge. Robert N. Harper, former president of the District National Bank, who has been living at his Leesburg estate in Virginia during the Summer and Fall, has returned to the city and taken an apartment_at the Westchester for the Winter. The veteran financier was a Jocal bank president for 27 years and is still deeply interested in ail banking matters. New Cashier Assumes Duti A. L. Phillips, who has just assum his duties as cashier of the North Capi- tol Savings Bank, has been in the bank- ing business since 1914, when he was connected with the Washington South- ern Bank, afterward absorbed by the Merchants' Bank, which later became the Merchants' Bank & Trust Co., and last year merged with the Federal- American National Bank. In 1916 Mr. Phillips joined the staff of the Southern Maryland Trust as as- sistant cashier in the Hyattsville office, coming back to Washington a year later to enter the Commercial National. He left the banking business tempo- rarily, entered the Army and made an excellent record overseas. After the war he returned to the employ of th2 Southern Maryland Trust Co. as cashier, remaining with that institution for fome time in the bank at Marlboro. He recently became connected with the North camtnl s:u-mzs Bank. NEW YORK | BANK STOCKS NEW YORK, October 14 (#).—Over- the-counter market Banks, Bid. Asked . 37 Commercial N; Nafl N. Y at Co atl City Public Chem Bk & Ti. Cont Bk & Tr Corn Exch Empire Guaranty [rving .. Manufacturers . New York flaiacelas e = Shipbuilding in U. S. By the Associated Press. The Commerce Department reports that during September there were built in the United States 69 vessels of 27,906 gross tons, as compared with 98 vessels of 11554 gross tons during the pre- vious menth and with 113 vessels of 32.- 083 gross tons during the same month last vear. Of these vessels, 60 were of wood con- struction, aggregating 2.904 gross tons, High. 141 52 2314 331, 11% 109% 2014 12% 182% 126 42 3 107 except those designated by letter Sales- Low. dend Rate. Add 00. High. Low. Close. Ch 2\. Abitibi Pwr & Paper. Abitibi Pwr&Pap pf. Adams Express (1).. Adams Millis (2) Adv Rumley Air Reduction (1476). Alaska Juneau (40¢) Allegany Corp. Allied Ch&Dye (n6)+ Allied Ch&Dye pf(7) Allis-Chalmers (1) Amerada Corp (2). Am Agri Chem(Del), Am Bank Note (13).. Am Can Co (15).. Am Can Co of (T) Am Car & Fdry (1 Am Car & Fdy pt (1) Am Chain pf (7). Am Chicle (13). Am European Secur. Am & For Power.... Am & For Pwr pf(6). Am & For Pwr pf(7). Am & For Pwr 24 pf. Am Home Prod 4.20. x Am International Am Locomotive (1) Am Lo'motive pt Am Mch & Fdy 1.40., Am Mach & Metals Am Metal Co. Am Natural Gas p! Am Pwr & Lt (31)... Am Pr&Ltpf A(4). 4 Am P&Lt pf A st(5). Am Radlator (60c) Am Republics. . Am Mills Am Ship & Com Am Smites e Am Am 3 Am Solv & Chemical. Am Solv & Chem pf.. Am Steel Found (1) .. Am Steel Fdry pf(7) Am Tel & Telex (9) Am Tobacco (16).... Am Tobacco B (16).. Am Tobaceo pt (6) ‘Am Type Fdy (8). Am Water Wks (3).. Am Wat Wks cfs(3). Am Wat W 1st p£(6) Am Woolen Co. . Am Woolen Co pf. Am Zinc & Lead pf. Anaconda Copper Anchor 2214 5 Armour of 111 (B) . Armour of 111 pf. Art Metal (80¢). Associated Apparel.. Associated Dry G(1) Atch To&S Fe (10).. Atch To&S Fe pf (5). At Gulf&West Ind. . Atlantic Refining (1) » Auburn Auto (£4)... Austin Nich pf A (3 Sorp (Del). '« Baldwin Locomotive Baldwin Loco pf Balto & Ohio 4) Barker Bros. Barnsdall Corp’ Beatrice Cream (4).. Beatrice Crm pf(7).. Belding-Hemingway Belg N It pt pf 14 81, tendix Aviation (1). Rest & Co (2) Bethlehem Steel (2). Blaw-Knox (1).... Bohn Alumn (1%3) rden Co (k3) Borg Warner (1) Briggs Mfz (11%) Bklyn-Man Tran (4) Bklyn-Man Tr pf (6) Bkiyn Unjon Gas (5) Bruns Term & Rwys. Bucyrus-Erie Budd (E G) Mfg.. Budd Wheel (1)....0 Burrough A M(t1%) Bush Terminal(213) Butte Copper & Zinc. Hyers (A Calumet & Hecla Camp W&C Fdy (1).. Canada Dry G A (3).. Canadfan Pacific 1% . Capital Admin (A).. Capital Ad pr(A) ( Case (J 1) Co.... Caterpillar Trac(3). Celanese Corp. Celotex vtc ctfs Cent Agulr Cent RR of 2 Century Rib Mills Cerro de Pasco (1) Certain-teed Prod. Checker Cab Mrfg. .. Ches & On10 (2%) ..« Chesapeake Corp(3). : Chi Great Western. . Chi Great Westn pf. Chi Mil StP & Pac. .. “hi Mil StP & Pac pt. Chi & Northwest (4). Chi & N W pf (7 Chi Pneu Tool pf... Chicago R 1&Pacific. Chi It 1 & Pac pf (7). Childs Company.. Chrysler Corp (1)... ity Ice&F ity Stores » e 5 A s B3 100 — PSP L PSSP S-S <Y R L) G IS Coc: ] Colgate-Pal-P (2%4) Colg-Palm-P pf (6).. Collins & Alkman. Colonial Beacon. Columb G & B (113). Celumb Carbon (4).. Comm Credit (1.60).. Comel Credit A (3).. Comel Cred pf (1%). Comel Cred 15t(6%). 513 Comel Inv Trust (2). Comm Inv evpf(e6). Comel Solvents (1).. 3 Comwlth&Sou (40¢). Congolm-Nairn (1).. Consol Film... Consol Filin pf (2) Consol Gas N Y (4).. Consol Gas NY pf(5) 4 Consol Laundries(1) ConsolRwys pf (6).. Consol Textil % Container Corp 21 Container Corp (B)o 2 1 Contl Baking (A). 614 Contl Baking (B). 1 Contl Baking pf (8). 43 Contl Can (2%4) ... . 364 Cont Dlamond Fibre. 5 Cont Insur (2.40) Contl Motors. . Contl O (Del).. Contl Shares. 4 Corn Products (3). Coty Inc » Crosley Rad{o...... Crown Cork (2.40) ... Crown Zellerback. Crucible Steel . Cuba RR pf (6) Cuban-Am Sugar Cudahy Packing (4). Curtis Publish (4)... Curtiss Wright. . Curtis Wright (A) Cushmans pt (8) sy ~n33~ T0'% 10015 100 23 35 13 2% 70 23 22 157% 102 45% 195 23 2813 131y 24 21% T8% 107 124% 29% 80 , and 9 were of metal construction,. q- L 154 SEHLRG. ERQS6: 1008y T 4 137 3 20' 3 12 121 22% 6% 11 Davison Chemica Deere & Co pf (1.40). Delaware & Hud (9). Del Lack & Wn (2).. Denver & RG W pf.. Detroit Edison (8) Diamond Match (1).. Diamond Mtch pf 1% Dome Mines (1)..... Domn Stores (1.20).. 10 Doug Aircraft(t1%) 42% Drug Corp (4)...... 53% Dupont de Nem (4).. 109 Du Pontde N pf(6). 93 Kastman Kodak (18) 7% Eaton Axle & Spr(1). 20 Elec Auto Lite (4)... 98 Elec Auto-Lite pt(7) 1% Electric Boat....... 214 Elec&Musical Instru 167 Elec Pwr & Lt (1)... 55 Elec Pwr & Lt pf(6). 66% Iilec Pwr & Lt pf (1) ec Storage Bat (4). 1k Horn Coal., Eng PS pf ww (5%). Equit Oftes Bldg 2% 184 18% 13 18 5 15 5 l-nlrhnnk!-Mm' g 20 Fed Mines & Smi 20 27 Federal Screw Wks.. . Net. Stock and Dividend Rate. sm. Filene's Sons pf 6% .. 50% Firestone T&R p(6) First Natl Strs (2%) Fisk Rubber. Follonsbee Br Foster Wheeler (1) Fourth Nat Inv m55o Fox Film (A) (2% 3. Franklin Smn pf(7). Freeport-Tex (3) Gabriel Co (A). Gen Am Investors. .. Gen Am Tank Car(4) Gen Asphalt (2)..c Gen Baking (2) Gen Bronz Gen Cable pi Gen Cigar (4) Gen Electric (1. Gen Elec spec (60c).. Gen Food Corp (3).. Gen Gas&EL A (e30c) Gen Gas&E cv pf(6). Gen Gas & ElecA(T). Gen Gas&El pf A(8). Gen Motors (3) Gen Motors pf (5 Gen Public Service, 4 Gen Ry Signal (5)... Gen Realty & Util.... Gen Realty & Util pf., Gen Refractories (3) Gen Theatre Equip.. Glllette Saf Razor... Gillstte Sat R pf (5). Gimblel Bros pf (7). Gl1dden COo..eueees Glidden Co pr pE (1. Gold Dust (2%4). (BF) (BF) Goodvear T & R (3). Goodyear 1st pt (7). aham-Palge. ... anby Con Min (1), Grand Silver Stores . Grand (nion. ... Grant (W T) (1) reat Northn pf( eat Northn Ore(2) Great Western Sug.. at Wn Sug pf (1) Grigsby Gruno Hacken Wat pf A 1% Hahn Dept Store: Hall (WF) (1.20). Hanna pf (7). Hayes Body Corp. Teime (GW) (17)... Hercules Powder(3). Hercules Pow pf (7) Hershey Choe (5). Hershey Choc pf (1) Hollander Sons Homestake M ( Houston O1l. Houston Ofl (new).. Howe Sound (2).... Hudson & Man (3 Hudson Motor (1)... upp Motors. 111inols Central (4).. Ilinols Cent 11 (4).. Indust Rayon (4)... Ingersoll Rand (4).. « Inland Steel (23§)... Inspiration Copper. . Insuranshares Del A interboro Rap Trans Int Agriculture pf... Int Bus Machine(né) Int Carriers,Ltd 60c. Int Cerpent (4) Int Combustion. Int Combustion pf... Int Harvester (234). Int Harvester pf (7). Int Hydro E1 A (e2). Int Match pt (4).... chant Marine, ick of Can(40¢c) int Paper & Pwr C Int Printg Ink pf (6) Int Shoe (3)... Int Silver pf ((7). Int Tel & Tel (1) Int Dept Stores ( Intertype Corp (1) Investors Equit Jewel Tea (4) Johns-Manville (3).. « Kansas City Southn. 31, Kan City Sou pf (4). ; Karstadt (Rudolph Kayser (J) & Co (1), Keith-Alb-Or pf (7) Kel Kelsey-Hayes Wheel Kelvinator Corp. . Kendall Co pf (6). Kennecott Copper (1) (il ) High. 104 6614 63 58 11915 1 103% 104 1918 120 6813 140 291 44 H‘ 89 8 86 Bales— Add 00. 108 i 9 5 1 11 3 19 Kresge Dept Stores. 10008 Kresge (S S) (1.60). Kreuger & Toll 1.61). Grocery (1 4074 Lambert Co (8)..... 31, Leh Port Cmt pf (7). 2 Lehigh Valley R R.. Lehman Corp (3). 3 Lehn & Fink (3). Libbey Owens Glas Liggett & Myers(15) Ligg & Myers B (15) Lily Tulip Cup(1%). Lima Locomot (m2). Liquid Carbonie (2). Loew's Inc (3) Toew's Inc pf ( Loft Inc. : Toose-Wiles (13). Lorrillard (P) Co. Lorrillard (P) pt (7) Lou Gas&El A (1%). 3R81; Louis&Nashville(5). 5x Ludlum Steel McCall Corp (2% ) Melntyre Pore M(1). McKeesport TP (4). McKesson & Rob (1) McKes&Rob pf(3%) McLellan Stores. ... MackTrucks (2).... 3 Macy(RH)& Co(n3). 7% Magma Copper (1).. Manati Sugar pf.... Mandell Brothers... ManhatElev mod gtd Marine Midld (1.20). Marlin-Rockwell (2) Marmon Motor Car. . « Marshall Field (234) « Mathieson Alkilf (2) May Dept Strs (23%) Maytag Co. . Mengel Copf (7)..rs Miami Copper... Mid Continent Petm. Midland Steel (3)... % Midland Steel pf (3). Minn Moline Pow. Minne & St Louis. . MStP &S S Ma Mo Kan & Texa Mo Kan & Tex pf (1) Missourl Pacific. ... Missouri Pac pf (5) Monsanto Chem (1% ) Montgomery Ward. . Morrell (J) & Co (3) Morris & Essex (37%) Motor Meter G & El. 4 Motor Wheel (1)..-+ Mullins Mfg. . Mullins Mfg pf. Munsingwear Inc(2). Murray Corp 11 19 36 26's 2% 3% 18% 21 1% 5 —_— 0 UV e 40% 15% 80 30 10% 3% 10 2% 83y 37% 39% 15 50% 20% 60 19 36% 19% 143 135 44y ash Motors (2). sh Chat & St L(3) Nat Dairy (2.60).... Nat Dept Strs 15t(4) Nat Dist rod (2)... Nat Lead pf A (7) 4 Nat Pwr & Lt (1).... Nat Radiator. . Nat Ry Mex 2d pf.. Nat Steel (2)... Nat Supply Co Nat Surety (2) Nat Tea (1). Nev Copper (80c). 10% Newport Co (1). 41 Newport Co (A) 49% N Y Central (4).. 0% N Y Chicago & St L. 16% N Y Chi & StL pf. l2‘l 120 N Y & Harlem (5)... 12% 2 NY Investors.. 947 30% NY N H & Hart (4). 119% 80 NYNH&HDI(T) 18% % N Y Ont & Western. 12% N Y Shipbuilding. 107% 97 N Y Steam pf (6).. 118 99% N Y Steam 1st pf(7). 217 112 Norf & Westn (t12). 93 80 Norf& W 'stnpf (4) 291 10 Noranda Mines. 11 3% North Am Avia 0% _ 26 r Amer(b10 % stk) 57 ~ North Amer pf (3). 85% l Nor Ger Lloyd m2.56 27 85 20 19 40s » 2 ranBanTuran » 5 o nna® 28 108 2 5 75 69 108 6 130s 15 P w S 8 ~ 2T onlin & EEN Net. High. Low. Close. Chge. 99 54% 47% 3 5% 99 54 5% [ i 12% 20% 7% 70 17% 2 314 44u 1214 16 % 19 301 288 1% 3514 27 2614 P 40 24% 91% 5l 31 1% 185 181 1y 1% 501 4o 6 587 14740 14% 6% 6% 19% 18% 35 35 4 4 3% 34 45 42% 17% 164 26% 26 18 18 22% 22 135 135 1614 24 12 2115 10% 6 15 55% 55% 16% 20 125 3% 39% 90 Th 4% 99, 105 129 82 1% A% 334 6% 99 +1 54% — % 45% —1% “ 5% + % 124 —1% 20% —1% % — % RESOURCES. . Loans nnd discounts. . Overdra . United Blll!! " Government se- e owned . Other bonds, stoc! e ies owned . Banking house. $45.500 niture and fixtures, $4.500, . Reserve with Federal Reserve ot nd due fion banks . Ca nd du o bt checks lnd nl N LIGHT TRADING Outside Liquidation Held Re- sponsible for Losses in Some Issues. LIABILITIES, 5. Cpital stock paid in . Surplus . " Undivided ‘profits—net : Due_to banks, including’ cer- tified and cashiers’ checks outstanding .. Demand deposits 3. Time deposits . " Other MNabilities . Total.... | Digtrict of Coltimbia. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, October 14.—First rally- ing and then reacting, today's stock | market presented a confusing and un- certain picture. Volume was again moderate and yet there must have been | considerable outside liquidation for the trend to change as abruptly as it did. Domestic news was in the main fa- vorable. The increase in car loadings | at a time when a decrease is normal was highly encouraging, particularly the fact that so much of the increase came under the head of miscellaneous freight. The weekly reviews of the iron and steel industry sounded a cheerful note, although there was no change in rdte |- oL 10508 of production. Demand from the au- | Charter Mo, SO o CONDITION tomobile, farm equipment, radio and OF THE railroad industries was said to be| { better. Prices opened lower. U. S. Steel at 68 was off 15, West- ern Union at 8975 was down 174 and | General Motors at 251y was unchanged | as was Standard Oil of N. J. at 3 3 Although the street discussed foreign | developments, especially the strained Sino-Japanese relations, traders were | inclined to emphasize domestic_events. Western Union reduced its dividend | and dividend meetings were scheduled | today by F. W. Woolworth, Sinclair | and Pullman. Nine months net income | of American Telephone showed a gain. September refined copper stocks were up 24121 short tons. Car-loadings were the highest thus far this year Iron and steel demand rose. Woolworth _at 52% gained 1%. Chesapeake Corporation lost 1% .z\ 231; and Chesapeake & Ohio was off | % ‘at 29%5, but N. Y. Central at 591 Tose a fraction. American Telephone at 133 declined !5, while North Amer- | ican advanced !, to 36. Detroit Edison | at 1241, was down 1';. American | Tobacco B at 85 was off 1. General Electric was down “x at 201y as West- inghouse rose ', to 46'.. Anaconda | at 143, and Kennecott at 12 were both fractionally lower. Radio at 123; dropped '4. All the active food shares showed declines. Trading was dull throughout the early part of the sesson. Prices met some support after the overnight accumula- tion of offerings had been absorbed and many issues registered small gains on the day. Air Reduction advanced to 6215, up fractionally. Allied Chemical American Can and J. I. Case also werc higher on the day. Columbian Carbon | was up 1'5 points on the dav. | United States Steel went io 637, % on the day. The mine shares w inactive. Rails were stronger through- out. New York Central was ncarly 2 points higher and Baltimore & Ohio and Chesapeake & Ohio had good gai The_utilities improved also. Am can Telephone gained fractionally Public Service of New Jersey was slight- ly higher. The motor group followed the general list. Auburn was up 4 points at 115. General Motors gained fractionally 1o 257. During the first half-hour amounted to 200.000 shares, | a5 on Tuesday. 2 per cent. CUSTOMS RECEIPTS 'OFF. MEXICO CITY, October 14 (). — Customs house collections on importa- tions to Mexico decreased more than 50 per cent in August. 1931, as com- pared with August. 1930, Treasury fig- ures showed today. They totaled 3.- 397.933.08 pesos (about $1.357.235). S8, named bAnK: 00 solemniy swear 'hat abor knowledge and beliel 10th day of October; 1931, Beal.) Correct—Attest: H H A G JOHN ¢, YOST . A. SIMPSON. MCKEE. Of Washington in the District of the close of business on Se 931, RESGURCES Loans and discoir Overdratts Unite L i ‘from banks . Outside ~checks and o cash ftems .. fund ‘with U and due from LIABILITIES apital stock” paid in ded by ofis el 1 vidends. con- de interest. taxes xpenses accrued “THRIFT g0 solem M. knowledse and belief S. M. THRIFT. C: Subscribed and fi 10th dar (Seal) Correct—Attest up re 168th Dividend ($2 trading the same Call money renewed at business on September 19, 1931. REAL ESTATE LOANS Made at Low Interest Rates Applications _invited on Ty On well Tocated busin for 3,5 or 10 vears, if so 1520 K St. N.W. Equitable Co-Operative Bldg. Ass'n Organized 1879 51st YEAR COMPLETED JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary Subscriptions for the 101st Issue of Stock Being Received LOANS | ON REAL ESTATE OR TO TAKE UP MORTGAGE Loans Repayable Monthly If you contemplate the purchase of a home, refinancing present in- debtedness or improv- ing property, consult us. Applications will courteous attention, No Brokerage . . . No Commissions 915 F ST NW National Savings & Trust Co. Oldest Savings Institution in the District of Columbia Cor. 15th and New York Ave. When Current Spending Equals Income —there's nothing left for emergencies—no margin of safety for you and yours. In budget- ing your mmme—q)md sanc]\', and you'll find saving much casier. Our 35,000 patrons know the thrill of thrift, alded by the help of this strong, old bank. We Il be glad to have you join us ”lhls Payday. Deposits in any amount invited. Interest paid on both Savings and Checking accounts Open Until 5:30 P.M. October 15th OFFICERS: DIREC ORS: FRANK STETSON, C4 CITIPHA\Z s AT Omcer DAVID_BORNET . A-n Ir. Qicer jony w. CALVERT HILES PARDOE NLEXANDER: ok JOHN M. BOTELE] AVDLEY AP SAVAGE. Capital ‘ & Surplus 1 $3,500,000 7 i ILON EARNSHAW. Notary Pubilc. HERRMANN, Franklin National Bank umbia. $761,136.70 386.50 408,434.37 279,670.78 50,000.00 195,600.42 590,584.08 134717 eee.. 3228706912 STEWART. cashier of the above- the statement is true to the best of my | C. STEWART. Cashier. | gubscribed_and. sworn. 1o before me this " Directors. _ Reserve District No. 5. . 12.632.474 97 3.218.13 66.10 877,203.37 455,152.89 35.983.19 284.534 82 536.650.19 35.655.02 11250 00 “2m L35.843,33141 $225.000 00 123.000.00 3Tse1Ts 96.7145.73 | 9844 11 | 225,000.00 hmm Iflms A TELEGRAPH Cmm Tue regular_quarterly dividend of Two Dollars and Twenty-Five Cents 25) per share will be aid on October 15, 1931, to stock- olders of record at the close of H. BLAIR-SMITH, Treasurer. TYLER & RUTHERFORD high-class and particu- d:“pr?lrfill National 0475 receive prompt and | ?9! ?alaslhlnlton, in the District of Columbia, at the close of business on Septembes RESOURCES. Loans and discounts. ceen Overcrafts . v . United States Government. securities owned. Other bonds, stocks and securities owned...... Banking house, $1,624,964.35; furniture end fixiur 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 ‘Treasurer . s . Other assets . Total.. FPomaamwnm 2,500.00 227,320.58 21, 'lw 904 36 LIABILiTIES. 4 £2,000,000.00 1,000,000.00 473.571.82 148,939.84 . Capital stock paid in. . Surplus. ... 4 | Undivided profits—net . . Reserves for dividends, mntlnxl‘ncl!a etc. . S R!.se’r;u for interest, taxes and other e pflnsus accrued and pa . Circulating notes nuutnndlng Dl;e to banks, including certified and cashiers' th‘mi outstan ng. . Demand dep . Time deposits ... . United States deposits. Other liabilities ... 54.702.46 50,000.00 ceseseesesscscsnnscasanass -$21,453004.38 Washington, District ‘of Columbia, 85.: I, CHAS. D. BOYER, cashier of the ahove-named ban that the above statement is true to the best of my knowledge CHA! Subscribed and sworn to before me this 12th day of O« (Seal.) BENJAMIN ROBI} Correct—Attest: JOHN POOLE, BYRON S. ADAMS, JOHN T. CROWLEY, E. C. BALTZ RALPH W. LEE, G. W. HARRIS, LESTER A. BARR. W. F. HAM, ARTHUR D. MARKS, do solemnly swear and helicf, . Cashier. Directc Charter No. 4247, Reserve District No. 8. REPORT OF CONDITION OF THE Lincoln National Bank Of Washington, in the District of Columbia, September 29, 1931, RESOURCES. at the close of business on Loans and discounts . Overdrafts United States Government securities owned Other bonds, stocks and securities owned ..... Banking house, $338,857.36; furniture and fixt Reg) estate owned other than banking house Reserve with Federal Reserve Bank . Cash #nd due from banks .. Outside checks and other cash items. .. Redemption fund with U. S. Treasurer Treasurer . ; . Other assets . .$3,622.464 95 ERemamswen and due Total.... . Capital stock paid in. . Surplus .. . Undivided pr')fiL‘—nPl . Reserves for dividends, ronhn"tn(‘)('< ete . Reserves for interest, taxes and other expe: . Circulating notes outstanding _ Due to banks, including certified and cashiers’ checks outstan . Demand deposits : 2 Time deposits ... Unitled States deposits . Other liabilities . £400.000 .00 400.000.00 379.833 45 8.055.33 ppaid 15,000 00 5.077.208.38 I. JAS. A, SOFER, cashier of the above-named that the above statement is true to the best of my knowledge ¢ JAS. A of Octab HELENA D. REE Notary Publ! Subscribed and sworn to before me this (Seal,) 12th day Correct—Attest: €. W. BOLGIANO, G J. F. BRAWNER, J F. E. DAVIS, A. S. GATLEY. W. W. GRIFFITH, M. C. HAZEN, L. H. H. C. PUMPHREY, E. RAY S. C. REDMAN, JOHN SAUL F. A. SMITH, W. McK. STOWELL, C. S. WALKER. H. L. WILKINS, Directo ‘W. HERRON, . B. LEARY, . R. NORTON, THOS. J. OWEN & SON, TRUSTEES’ SALE Of Valuable Improved Real Estate, Situate at the Northeast Corner of Connecticut Avenue and Bradley Lane, Chevy Chase, Maryland, Front- ing One Hundred Eighty-five (185) Feet on Connecticut Avenue and Four Hundred Fifty-nine and Eighty-seven One-Hundredths (459.87) Feet on Bradley Lane. Improved by a Large Remodeled Frame Colo- nial Dwelling House of Approximately Twenty (20) Rooms, Four (4) Baths, Oil-Burner Furnace and All Modern Improvements. This Property Is Within One Hundred (100) Feet of Chevy Chase Club, and Formerly Occupied by the Late Alexander Britton, to Be Sold at Pub- lic Auction, in Front of the Premises, on Friday, the Sixteenth Day of October, A. D. 1931, at Four (4) o'Clock P.M. AUCTIONEERS. TERMS OF SALE: All s 8 option of oTERMS OF SALE. eash or. at the option of (he urchaser. one-third 'Court for Montgomery o yonr A dneoibird: in twe seare from Che Sav of yments {0 bear interest from the day ef sale and to be to the satisfaction of the umndersigned trustees. A deposit of five ousand ($5.000) dollars will be requircd of the purchasér when the property knocked down. terms of sals not complied with by purchascr upon the n thereaf. the property will he re<old at the risk and cost of the faulting purchaser. Convevancinz. recording. notary fees. examination of fitle, State and county taxes and asscssments to be at the cost of the purchaser. ROBERT V. FLEMING, JAMES H. BADEN, Trustees. THOMAS L. DAWSON, PETER AND SIMPSO} Attorneys for Trustees. invite applications FIRST MORTGAGE |_LOANS on residences and business properties in the District of Columbia and nearby Mary- land suburbs . .". Costs, Long Term (if desired), Valuable Prepay- ment Privileges . . . Three- yearloans on newer proper- ties without amortization Lower 3% Loan Correspondent for “The Prudential” H. L. Rust COMPANY 1001 F FIFTEENTH STREET NATIONAL 8100 ~ISTAILISHID -1889