Evening Star Newspaper, July 8, 1932, Page 14

14 %xx WASHINGTON BANK DEPOSITS STATED Local Institutions Now Have| Totai of 258,020,964, Says Auditor. BY EDWARD C. STONE. lation complet: age, audi- | ings & Trust | Washington | taled $258,- Nati regate dep ks on June- 30, s the regular Ju the controller of the | last. It was the ce December 31, ay found d holding up local | would | De- | sits in the he cember and a said today has been red: 1 no dou Savage National < Deposits on June NATIONAL gton....$ 73,628.95 507,308.58 200,089.78 9,408.96 576,574.00 063,384.14 560,787.33 116,421.11 3,400,829.30 269,476.96 20, 1,576,668.13 4,004.14 ,928,937.44 544,752.07 524,829.73 Inter-Excha: MeLachle Morzis Pl Mount Ver North Capitol Northeast 1, 3, 1 1 United Sta Washington Me ‘Washington S: Wood. Lang & Com. Total TRUST COMPANIES. American Security ..$ 20.834,758.41 4 4,313,756.30 Natior Union T ‘Washington Loan . ‘Total Savings ATION. $146,799,344 .03 38,736,623.73 72,484,997.18 RECAPITU National Banks.. . . ?"58.030.964.54 Teday's Trading on Exchange. On the Washington Stock Exchange today, $1.000 Potomac Electric Power 6s sold at 107, practically the same price that has prevailed for a long time. Ten shares of Potomac Electric Power 51, per cent preferred stock came out at 103. The unlisted issues were given their weekly attenticn, no changes in quotations being noted. Some confusion is reported by Wash- ington brokers and bankers regarding the new regulations pertaining to ship- ments of Securites by mail. Accord- ing to the new rules brokers say it is now necessary to declare the face value, in which case a registration fee, in- cluding insurance up to $1,000 is re- quired and that an additional tax of 9 cents per $1,000 is paid for what is termed “drayage.” If instead of a valuation, the envelope is marked “un- known” as to valuation an additional 15 cents must be paid above the postage. ms to arise from the in- to determine the replacement value of securities in advance It is stated that the replacement value of be determined in ad- as fo how he can comply with that part of the regulation which reads: otiable securities, checks, T, may be de- meht value.” g from the dure to okers and bankers al of the contents, at their replac a ru nanciai District. it outing of the tafl and the agents of the local New York Life Insurance ds are being formu- a special committee of the New Agents Club at Chesapeake | A program of enter- athletic events is being will include swimming aance, horseshoe show the ball a shore PARIS BOURSE PRICES. RIS, July 8 (A e SHORT-TERM SECURITIES. 4 by Barney & C B ¢ e & R 55 1937 NYCén & HR R 4s 1934 N Y Chi & St Louis 65 1932 Northwestern Tele 4l 1954 Pa R R Co 6%s 1936 i Portland General Eiec 55 1935, Reputlic Jron & Steel §2 1940 Sinclair Crude Oil Co 5izs 1938 outhern Pacific 55 1934 St Louwss Iren Mt & So Rwy, R &G & 1983 saton. B Light & Pwr 55 1933.. 101% s Oil Co of Calif 55 1935.. 90 ja Railway & Pow 5s 1934 97 h Rwy Co 58 s | 4 »> LY } 4T% 97% 5 NING STAR, WASHINGTON, D. C., FRIDAY, J ULY 38, 3 FINANCIAL, Daylight Saving Time Is Used in All Market Editlons. -Prev. 1933~ 16% 621y 151 90 31 8lg 2819 21% 41y 9y 5% 95 4% 24% 74 435 1 0% 8% 8915 36 119% 105 3 8% Net. Low. Closs. Chie Stock and Sales— Low. Dividend Rate. Add 00. High % Abitibf Pwr & Paper. 1 . Adams Express. . 14 2% Addressograph. ..... & 10 Affiliated Prod 1.60 5l Air Reduction(f412). 33 Alaska Juneau (50c). x Alleghany Corp 6 Allegheny Steel 10s Allied Chem & D (6). 123 Allied Chem pf (7) 2 ers Mfg. 13 Corp (2) ri Chem (Del) . o5 4% 30% 31 Am Can Co pf (7 Am Car & Foundry Am Car & Fdy pf (7). Am Chain AR Am Chain pf AmChic 1 & Foreign Pwr Am&Forgn Pw pf(7) Am & For Pwr 2d pf Am Hide & Leather Am Home Prod 4.2 Am Ice (2) Am International Am La Fr & Fom pf Am Locomotive Am Mach&Fdy (80¢) Am Pwr & Lt (1) AmMP&LIpLA G 70s Am Tob; bacco B onda Copper Anaconda W Atlant 8% Atlantic I 73 Atlas Powder (1) 4515 Atlas Powder pf (6) % Auburn Auto (£4) 1% Aviation Corp (Del) 2 Baldwin Locomotiv 8 Baldwin Loco pf Baltimore & Ohio. ... re & Ohio pf. amberger pt (635) .. sdall Corp. Beat m pt 8 Belding-Hemingway . Belgian Nat Rwys pf, Bendix Aviation Best & Co Bethleh Bethlehem Borden Co (2 Brockway Mot Trk. . Bklyn Manhat Tran., 20! Bklyn-Man Tr pf (6). 39 Bkiyn Union Gas(3). 2 % Brown Shoe (3). 2 Brown Shoe f ... 60s Brunsw-Balke. ... . 3 Bucyrus-Erie cv pf. 7 Bueyrus pf (7). Bullard Co. ........ Burr'ghs A M (80¢) . Bush Terminal. . Bush Term deb s Byer: 1% 213 35 i 31 nadian Pacific 13 ‘annon Mills (1) . apital Admin (A). e (J1)Co...... ase (J 1) pf (1) Caterpillar Trac 5 Cent Aguirre (13%).. Century Rib Mills Cerro de Pasco. . Ches & Ohio (21) Chi Mil StP & Pac pf. Chi & Northwestern., i & Northwest pf.. i Pneu Tool pf . 1 Rock I & Pacific 1R I & Pac 6% pf. Chi Yellow Cab (2) Chicasha Cotton Oil., Chrysler Corp (1) City Ice&Fuel (3.60). City Ice&Fuel pf 6 oca Cola (18). oca Cola (A) (3) 0a Cola Int (116). 10s ‘olg-Palm-P pf (6). 3 “ollins & Aikman. “olumbia Gas (b1) ‘olumb Carbon (2) 3 olumbia Pic ctfs. . 12 ‘omcel dit (50¢) . 8 “omel Cred 1st(6 108 ‘omel Cred pf B (2). 160s “omcl Solv (60¢).... [ “omwlith & Sou(30c). 27 olm Nairn (1).. ilmpf...... asN Y (4).. Y pf(5). onsol Laundries (1), =0l Oil Corp king (A). *h hi *h *h “on, onsol ‘onsol “onsol G: tl Motors 11 Oil (Del) Corn Products (3) Coty Ine. . Crown Ck & Crown W P Crucible Steel Crucible Stel Cuban-Am Su, Cudany Pack s Wright. Wright (A) tpf(4) Davison Chemica hams Sec Yo Delaware & Hud (9). Detroit ¥ . Diamond Match (1).. Dupont deN d Durham Hos p! an Kodak (3).. n Kod pf (6). ec Pwr & L ec Pwr & Lt pf(6) yster-Wheeler th Nat Inv 1.2 x Film (A) Co. 6 91; Gen Am Tank Car (1) 3% Gen Cable pf ar (4) gar pf (7) Slectric (40¢) en Elec sp 19% Gen Foods 3 Gen Gas & Elec (A) Gen Mills (3) Gen Motors (1) \ Motors pt en Outdoor en Printing Ink en Public Service Gen Rwy Signal (1) Gen Refractories . illette Saf Raz (1) lidden Co Gobel (Adolf). . Gold Dust (1.60) Goodrich (BF). Goodyear Tire&Rub oodyear 15t pf (7). iotham Silk Hosiery Graham-Paige. ... 14% Grant (W,T) (1). 53 Great Northern pt 5 Great Northern Ore 3% Great Western Sug. « 1 ~Prev. 1932 Low. 48 High 80 4 101 13 19 110 /15 14% 22% 14 4474 1te 41% Sales— Add 00. High. 57 Stock and vidend Rate 57 57 B % Hahn Dept S 1y Hahn Dept S 1i Hayes Body. Helme (GW) pf( Hercules Powder Hollander Sons Houdallle Hershey He d Fin pf 4.20 s Houston Ofl (new). Howe Sound (40c) ... 24 Hudson Motor Car 10 I 1 3 9 3 Hupp Mot Tilinois Cent Industrial R; Ingersoll F Inspiration C « Interboro I Interlake 1 3 Int Bus Machine(n§) Int Carriers Ltd 20¢ Int Cement Int Combustion Int Harvester (1.80) Int Hydro-Elec (A) Int Nickel of Can Int Cent Am Int Sa Int § Int nd (3) (114) Silver pf (4) Te eleg Johns-Manville Ty Kayser (1) & Co. ... Kelsev-Hayes Wheel. 4 Kelv rn « Kennecott Conper & (S8) Co (1) o (S8) pf ss (SH) Co (1) rocery (1).. Tbert Co (15) Lehman Corp ett & Myers( 10).. Macy (I . Madison Sq Garden Manhat Elev mod gtd 5 Marine Midld (80c) Marshall Field & Co.. Mid Continent Petm. Midland Steel Prod M StP & S S Marie 4 Mo Kan & Texas pf.. 4 Missouri Pacific pf. .« » Mohawk Carpet Montzomery Wa Nat Biscuit ( ; Nat Cash R Nat Dairy Nat Dist Prod (2).. . Nat Enam & Stamp. . Nat Lead ( Nat Lead pf A (7) Nat Pwr & Lt (1) Nat Steel (1).... Nevad; Newton N Y Centra N Y Chicago & § ] N H & Hartford, Y N H & Hart pf. .. N Y Ont & Western N Y Steam pt (5) Noranda Min (a50c).. Norfolk & West (8) North Am Aviation Nor Amer(b10%stk). North Amer ) Northern Pacific Northwest Tele (3) % Norwalk Tire & Rub. VPR Circuit pf NY NY N 100 Ohio ¢ 1% Orphe Otis 1 Otis Outlet Co (4). Owens 111 Gla Tel&Telex(7) 3408 cific T & T pf 208 ckard Motor ( < Panhandle Pro& Paramount Publix Pathe Exchange (A Penick & Ford (1) Penney (J C) (2.40). Penna Railroad Peoples D S pf (61 Peoples ( Petrol Corp of Am. Phelps Dodge. . Phila & Read C & 1 Philip Morris&Co (1), Phillips Petroleum. . Pierce-Arrow pf Pierce Oil Pierc I oal pf Pitts United Corp Proct & Gamb (2 Producers & blic Sve N J( dio-Keith-Orph 0 Motor Car public Steel. .. ..., 1ds Tob B (3 ande Of1 ssia Ins of Amer. . toyal Dtch (as1c). 31 2208 ifeway Stores (5). . afeway Strs pt (7) St Joseph Lead Fran pf.. d Afr Line board Oil Del s0c. ars Roebuck. .. .. hattuck (FH) 50c. 11 Unfon Oil. hell Union O1l pf fmmons Co ms ¥ Kelly Ol ...... Skelly Oil pf ww Snider Packing pf. ony-Vac (80¢ Solv Am pf ww (5 South Port Rico § Southern Cal Ed(2 Southern Pacific Southern Railway. picer Mg nd Brands (1 Stand lec Stand m Stand Oil Calif ( tand Oil N J ( - Secur cv pf. tewart Warner. . tone& Webster (50c) tudebaker ograp ¥ Corp (1).. Tex Gulf Sulph (2 d Tr. ) (1), ° 550 Ofl, le Water As pf (6) n Roll B 1% ansamerica Corp. -Contl Corp Tri-Contl Corp pf(6). 9% Trico Products. Truscon Steel Underwood. 513 Union Bag & Paper 15% Un Carbide & C(1.20) S Un Oil of Calif(1.40). Jnion Pacific (6)... Jnion Pacific pf (4). Tnit Aircraft. E Init Biscuit (2). .. Tnit Biscuit pf (7).. “nit Carbon. "nit Cigar Store: Tnit Corp (40c). Unit Corp pf (3) Net Low. Close. Chge. 281 114 40% —~ [ ~Prev. 1933~ Stock and Low. Divicend Rate. % Unit Dyewood Unit Sales— 108 uit (2). 6 1 alty & Imy Rubber 1s Va Iron ( Vulcan De % Wabash < 1 Wabash pf (A) 7% Waldorf Sys (1 13 Warn Bros Pletur 19 ey STOCKS ARELOWER INDRAGGY MARKE Unfavorable Trade Reports Result in Renewai of Liquidation. | BY GEORGE T. HUGHES, July 8 acted tods n bonds Stock Ex- regardless steadiness nd in com- modities, The share iist was affected by what appeared to be forced liquidation. cen- | tering upon the higher-priced issues The losses were suffi ake the averages into new low ground for the long decline The best showings was made by the local tractions, the sugars, the oils, and the very low-priced non-dividend paying industrials. Most of the earn- | statements and unofficial earn- ings estimates were unfavorable, but Pafific Lighting was an outstanding exception. That corporation was said to have earned over $4 a share for its common stock in the 12 months ending June 20 last. The mar left off around the low of the movement The market opened slightly higher, but after 15 minutes or so of busiress | reacted abruptly. As far as the street ! understood it, the agreement tenta- tively reached at Lausanne was con- sidered highly constructive and in the long run bound to be of international | benefit. That was the view the bond | market took of it, but so far as stocks | were concerned it was mere than offset | by discouraging domestic business intel- ligence. Falling off in sales revealed in the June statements of various chain store systems was one of the unfavorable in- | fluences. Another was the downward | revision of earnings estimates in the case of a number of large corporations, notably American Telephone & Tele- graph, and a third was the large gain in circulation shown in the Federal Re- serve statement made public overnight These things weighed more heavily in the minds of traders than foreign de- | velopments. i American Telephone & Telegraph was conspicuously weak. Tt opened higher, but almost immediately lost the gain, and before noon was selling under $72 a share and at a new low. Coca Cola broke through the 80 mark, leaving only one active common issue | on the board selling above that price, namely Homestake Mining. Interna- | tional Business Machines continued its { decline, adding 2 or 3 points fo its 6- point drop of the day before. The sell- [ing here looked like professional opera- | tions for the decline. Among the store stocks, Safeway Stores and First National Stores broke { sharply, the latter off over 3 points land the former with only a slightly smaller loss. Utilities fared little better. Public Service of New Jersey made a| new low and Detroit Edison slumped 5 points. The only exceptions were the | local tractions, where speculation for G| cured ferred northwesi sections. protected and tit sponsil FIRST MORTGAGE NOTES homes ‘in pre- residential mortgage rance on companies. Conservative Appraisals Insur- ing Absolute Safety Loan Corresponde John Hancock Mu Insurance C Realtors 1417 K St. National 9300 Charter No. 7446, Reserve District No. 5. | At "REPORT OF CONDITION OF THE Commercial National Bank . fn the District of Columbia ot ‘Business on June 30, RESOURCES. and discounts srities owned 29,199.89 Banking house. $1 44,900.50 508.349.38 with Rank due from bank 733,986 45 874,773.39 29,065.42 50.000.00 570.000.00 921.120.97 borrowed Other assets . Total 52124 LIABILITIES Capital stock paid in urplus Undivided profits—net ves for dividends 000,000.00 400.000.00 230.554.02 150,388.11 982,720.00 Becurities Other labilities Total , Distriet_¢f Columbiy, City of Washi 88 | 1, F. H. COX, cashier of the above-named | banik. do solemnly swear that the above statement is true to the best of my knowl- | edge and beljef. it o e Subscribed and_sworn to before me this 1y, 1932 yM. L. THOMAS. WAL Tiotars Pulic. Correct—Attest: JA! MES B, REYNOLDS, A : BAORGE TULLY VAUGHAN, NATHAN B, SCOTT. 24, A S RE A SLAUGHTER, _—— “Directors. Add 00. High. ectric Coal. .. 2% Net. ~Prev.1932 Low. Close. Chge. | Hish. Low. 1 1% 8 2 %l 60 7 ; 1 3 50 17% We Westin West Wil Stock and Dividend Rate. Wesson Oil & Sn (1). 2 Wesson O&Sn pf (4). 1 Warren Bros. . ern Unio: Westing'se A house Wilson & Cy Worthin Wr Sales of Stocks on New York Exchange, 200,000 10:30 AM 1:30 P.M Dividend rations. it of trading less than 100 shares. aPaid this year—no reguiar rate in cash or stock. in special pri ar—no regular rate. tn stock ock. e Payable in stock. j P} m Paid last y in scrip x Ex-d s $1 ¥ dend. the rise, based on the favorable un fication outlook, was still active, and one or two of the packing stocks which advanced on the recovery in hogs. 'Washington Produce Butter—One-pound prints, 93 score, 20; 92 score, 19; standards, 18. Tub, 93 score, 19; 92 score, 18; standards, 17. Eggs — Hennery, 15a16; current re- ceipts, 13a14; Western, fresh, 14al5 Poultry, alive—Turkey hens, 12; toms, 10; croocked breasts, 10; Spring broil- ers, Plymouth Rocks, 22 pounds anda over, 19a21; 2!, pounds and under, 16a 18; Rhode Island Reds, 15al7; mixed colors, 14a16; Leghorns, 14a16; hens, red, 13a15; Leghorns, 12; roosters, 8. Poultry, dressed—Turkeys, hens, 15; toms, 13; crooked breasts, 13; Spring | broilers. Plymouth Rocks, pounds. and over, 22a24: 22 pounds and under, 19a21; Rhode Island Reds, 18a20; mixed colors, 17a19; Leghorns, 17al9; Leg- horns, 15; roosters, 11; Long Island ducks, 14al5; hens, colored. 16al8. Meats—Beef, 14 veal, 13; lamb, 17; pork loins, 19; fresh hams, 14; smoked hams, 16, bacon, 16; lard, com- pound, 7. Live stock: medium, 5.00a5.25; A pigs, 450a5.00; roughs, 2.00a3.25; calves, 3.0025.50; lambs, 4.0026.00. Fruits—Watermelons. 25a75; canta- jumbos, 2.0023.50; honeydews, 2.75a3.50; plums, 1.50; apricots, figs, 75a1.25; bananas, 50a60; oranges, 3.00a5.00 lemons, 4.00a5.50; limes, per 100, 1.50; apples, box stock, 2.00; Transparents, bushel basket, 1.00; peaches, 2.50; grape- fruit, 5.00; alligator pears, Cuba, 1.25a 1.75: Florida, 2.00; huckleberries, 4.00 blackberries, 3.00; raspberries, red, 8.00; black, 3.50. Vegetables—Potatoes, new, per bar- rel, 2.00a2.50; old, 100-pound saci 1.00; sweets, per bushel, 75a1.00; tom: light, hea 4.50a4.85; 5.00a5.25 WATERFRONT ESTATE 22 Acres on Sheltered Potomac Harbor to be Sacrificed at $25,000 Modern 10-room house and 2 baths, completely furnished, separate serv- ants” quarters. Grounds beautifully landscaped, including large lily and fish pond.’ Artesian_water piped to house and grounds. Telephone. Fruit trees. vegetable gardens. and. exte: sive ‘equipment of barn. sheds. ma- chinery for farming and houses for Poultry raising Located on St. Clements Bay. less than 2 hours' comfortable drive. an ideal place for all salt-water sports. 2 wharfs and fine harbor Limited space prevents doing fus- tice to the unlimited charm of this gentleman’s estate. Suitable for ex- clusive club or camp. Full details, R. L. Elliott Com. & Sav. Bldg., 7th & E Charter No. 3625 Reserve District No, 5. REPORT OF_CONDITION OF THE Columbia National Bank Of Washington. in the District of Columbia, at the ciose of business on June 30, 1932, RESOURCES. Loans and discounts Overdrafts United States Government cecurities owned ther bonds. stocks and se- ties owned Banking house. $178171.85 furniture and fixtures, $34,652.06 8. Reserve with Federal Reserve Bank Cash and due from banks Outside checks and other cash ttems . Redemption fund with U S. Treasurer and due from U. S. Treasurer . $2,189,679.60 6.16 837,026.00 787,106.25 3,250.49 1 12.500.00 Total 3 $5,121,803.72 LIABILITIES. Capital stock paid in Surplus Undivided profits-net Reserves for dividends. con- tingencies. etc Reserves for interest, faxes and other expenses accrued and unpaid Circulating notes ing . Due to ‘banks. including certi- fled and cashiers’ checks outstanding 644.750.57 Demand _deposits 2,042,705.50 Time deposits 1,222396 32 Otker liabilities 822 Total $250,000.00 500.000.00 13544811 | 35,500.00 40.500.00 249.995.00 | outstand- 5 City of Washington, District of Columbia. H. LACEY. ank.” do solemnly swear cashier of the above- that th statement is true to the best of my wiedge and belief. R. H. LACEY, Cashier. Subscribed and sworn’ to before me this 6th_day of July, 1932, JOHN W. Notary Public. | SCOTT, | Walter 8. Prats, Jr. ’ Andrew Sa Frank J. Stryker, John N. Swartzell, Harry 8. Woil. s Directors Charter No. 9545, Reserve District No. 5. | REPORT OF CONDITION | OF THE | riet National Bank Washington. in the District of Columbis. the close of business on June 30, 1932. RESOURCES. discounts. . James ‘A. Mes: Joseph H. Milans, 6.02 23 35,030 3.06: 1,647,751.96 702,953.33 house, and = fixtures, 1,089.370.78 492,076.03 624,192.29 969,639.26 ire I Real estate owned then banking house serve _with Federal ve Bank cash and due from banks 0. Outside checks and other | cash jtems 4,402.96 Redenpiion fund with U.'8. | Tregsurer and due from U §. Treasurer Other assets Re- 40.150.00 5.806.33 | $10,610,281.19 $1,000.000.00 500.000.00 81.004.17 2,256.93 14 Total LIABILITIES stock paid in Surplus Undivided Reserves inge: Circulating fits—1 dividends, con- ete notes oufstand- ing 500.00 Due _to ‘banks, inciuding cer tified and cashiers’ checks cutstandin Demand deposits Time deposits Bills pavable and rediscounts Other Labilities Bt 3,451 3.197.291 51 12192031 83840 - Total... District of Columbia, County on. ss. 1. H. L. OFFUTT, Jr., cashier of the above- named bank, do 'solemnly swear that the above statement is true to the best of my knowledge and belief H. 1. OFFUTT, Jr. ‘ashier. Subscribed and sworn to before me this 7th_day of July, 1932 (Seal.) BENJAMIN ROBINSON, Notary Public. Correct—Attest: JOSHUA EVANS. [ GockEiEs" of Washing- | ton Pump. . (Wm) (3) Pring&W (1), 601 Tates as given in the above tabi cash payments based on the latest quarterly or half-yearly decla- 1.25a1.75; 24.00; beets, per 100 bunches, 3.00a4.00; lettuce, Iceberg, 4.00 60 bage. 65: By the Associated Press . Py 728.38; balance, toms duties for six days of July were $2. NEW YORK BANK STOCKS co Pul | Teving : Manufactirers '(3) Ne Til 21. Due to banks, including certified 24 United States dsposits . ” VALUE OF DOLLAR ONTINUES HIGHER Net. Low. Close. Chge. 81y 4313 1% 14 94 Sales— Add 00. High. 81y 431y ox Ol & Willys-Overland Than in 1929. BY J. R. BRACKETT, Associated Press Pinancial Writer. NEW YORK, July 8.—The American , manufacturing wage earner’s dollar was worth 22.7 per cent more in May, 1932, than in September, 1929, National In- dustrial Conference Board statistics | show. Moreover, the wage earner's rate of fPlus 8% in stock. h Plus 2% | PAyment in the case of those who are ferred stock. k Plus 3% in stock. | employed has declined less than prices. nPlus 5% In stock. P Payabie | Byt unemployment has caused aggre- gate earnings to fall off sharply and the board computes that the real pur- it 10061 25" -pokii, 1 chasing power of the total pay envelope string beans, limas, | after giving effect to reduction in em- carrots. per 100 bunches, 3.00 | ployment was 23.1 per cent less in May, | 1932, than in September, 1929. homegrown, 50a | Purchasing power is measured by the ; cucumbers. homegrown, 1.50; cab- | decline in prices of the things the wage e, 50a75; spinach. 1.25a1.50; kale, | earner buys. This decline was 22.7 per a75; celery, 225a2.50; okra, 130. | cent from September, 1929, to May. 1932. Thus purchasing power of the individual dollar was 22.7 per cent | greater, or 124.8 cents, as compared to t 100 cents in 1923 and 99.2 cents in Sep- Treasury receipts for July 6 were | tember, 1929. But as the number of 116,302.74; expenditures, = $41,273,- | dollars received was much less, the wage $352.889,537.51. Cus- | earner's total real purchasing power was considerably smaller. In September, 1929, taken as the month the business slump set in, the | industrial wage earner received on the |average of $2589 a week. In May, | 1932, he received only $17.17—40.6 per cent Jess. The rate of payment has fallen less than the decline of prices, so that the wage earner working as many hours in May as in September, 1929, is better off. Very few are working so many 4| hours, the decline being 30.5 per cent. blic (2) . 167, | The wage earner in May received 51 TRUST COMPANIES. cents an hour on the average, 13.9 per i 38 421, | cent lessgthan in September, 1929, ym Trust i 123 Save for a few seasonal gains, the al Hanover ( 33 |board says, unemployment was aggra- 133 | vated in May by further layoffs. The 431 | number of those employed in the manu- 174 * | facturing industries now stands at about 151|622 per cent of the 1932 level, and 19% | about the same as compared with 1929. 26'; | The decline in May was 4 per cent from April Sh&Tu. 490,000 600,000 are the annual 2:00 Noon.. 0.000 2:10 P.M... tPartly extra. Plus b Payable in | lugs. 1.00: homeg U. S. TREASURY BALANCE. 934,669.12. NEW YORK, July 8 (&), unter market BANKS 8) (i00) —Over-the- Bid. Asked. | 20 3 1 860 960 « I 7 1 aranty w York Trust (5) tle Guaranty & Trist (4.80) *Includes extra liflHlIIIllllIlIIIIIIIIIIIIII[IIIIHIIIIIIIIIIlIIlIIIIIIlIIIIlIIIIIIII|lIIII|IIfIIIIIlIIIIIIiIIIlIIlIIIIIIlfllfllmllflllllfllllllfllllflllflg Organized 1879 52nd YEAR COMPLETED Equitable Co-Operative Bldg. Ass’n JOHN JOY EDS President WALTER S. PRATT, Jr., Secretary Assets..............36,237,762.31 Subscriptions for the 103rd Issue of Stock Being Received The Equitable’s Plan Teaches You How 'to Save Systematically Thousands have won success in saving through the Equitable’s Sys- tematic plan. You too, can enjoy financial independence by starting an account here now and saving regularly. Come in and we'll explain. 915 F St. 0 | Charter No. 4247. Reserve District No. 5. REPORT OF CONDITION OF THE Lincoln National Bank 3 Of Washington, in the District of Columbia, at the close of business on June 30, 1932, RESOURCES. . Loans and discounts . s ew . +...$3,377,402.98 . Overdrafts ... £ A K 767.32 . United States Government securities owned . . 1,235,012.38 . Other bonds, stocks and securities owned . ... 1,048,392.42 . Banking house, $338,857.36; furniture and fixtures, $24,136.14... 362,993.50 . Real estate owned other than banking house .. o 247,861.82 . Reserve with Federal Reserve Bank . 327,345.75 Cash and due from banks ......... 639,790.84 Outside checks and other cash items . 48,206.93 Redemption fund with U. S. Treasurer and Treasurer . Other assets . 92,742.63 ..$7,386,516.57 due from U.'S. . Capital stock paid in ot e R S Undivided profits—net ... Jeo cee Reserves for dividends, contingencies, etc. . . Circulating notes outstanding .. .+ $400,000.00 .« 400,000.00 305,639.58 20,000.00 . 119,100.00 g 227,739.83 2,073,099.55 3,700,202.75 17,973.97 38,000.00 50,000.00 34,760.89 ..$7.386,516.57 and cashiers’ Demand deposits .. : B Time deposits ..... Agreements to repurchase U. §. Government or other securities Bills payable and rediscounts Other liabilities 803.72 | District of Columbia. I JAMES A. SOPER, cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. 3. United States 5 1 15 16, 17. 19. 21. $10.610.281.19 | syear ‘that the above statement | JAMES A. SOPER, Cashier, Subscribed and sworn to befcre me this 6th day of July. 1932, (Seal.) HELENA D. REED, Notary Public. Correct—Attest: JOHN SAUL, C. W. BOLGIANO, S. C. REDMAN, H. T. OFFTERDINGER, F. A. SMITH, F. E. DAVIS, H. B. LEARY, G. C. PUMPHREY, A. S. GATLEY, W. McK. STOWELL, Directors. Reserve District No, 5. REPORT OF CONDITION OF THE s Washington Loan & Trust Co. Of Washington D. C., at the close of business on June 30, 1932 RESOURCES, Loans and discounts = ceee Overdrafts $8,089,046.54 1,784.58 1,750,606.13 2,273,852.55 2,091,288.90 1,060,245.76 4,402,797.42 13,042.1d 43,413.00 ..$19,726,076.99 overnment securities owne, Other bonds, stocks and securities owned........... . Banking houses, $1,918,161.90; furnitufe and fixtures Real estate owned other than banking house . Cash and due from banks. .. e . . Outside checks and other cash items Other assets R LIABILITIES. Capital stock paid in . TEL A CHOTRE T FE L Undivided ~profits—net Sasieie LS Sraial Reserves for interest, taxes and other expenses accrued unpaid Due to banks, standing “es Demand deposits . Time deposits Other liabilities . $1,000,000.00 2,350,000.00 213,010.30 39,873.43 41334221 9,903,906.77 5757,984.84 43,959.44 ..$19,726,075.99 nd including certified and cashiers’ checks out- ashington, District of Columbia, ss. I CHAS. R. GRANT, treasurer of the above-named bank, do solemnl; is true to tiie best of my knowledge and belief, CHAS. R. GRANT, Treasurer. Subscribed and sworn to before me this 7th day of July, 1933, (Seal.) VINCENT A. SHEEHY, Notary Public, D. C. h, M, JOHN A. JOHN! JOHN JOY EDSON, DONALD goosn.finn. m?m B. GROSVENO! W. E. PEARSON, 5 ARTHUR PETER, ALFRED H. LAWSON, CHAS. H. DOING, V. COVILLE, C. C. MORGAN, GEORGE A. KING, L. W. ESTES, CHAS. P. STONE, * J. LEO KOLB, JOHN BARTON PAYNE, A C. 3 5 X KN Directors,