Evening Star Newspaper, March 11, 1933, Page 11

FINA CIAL PRODUCE MARKETS SHOW PRICE GAINS Business Carried on as Usual Despite Crisis in Bank- ing World. Although underlying conditions were | very much upset the first 10 days of | March, busincss in. the produce mar- | kets went cn more or less as usual, says | the United States Department of Agri-| culture, Bureau of Agricultural Eco nomics, Market News Service. Country- | wide shipments and the quantities of | fruits and vegetables unloaded at the | great markets showed only moderate decrease. Price trend was upward for potatocs and onions. Cabbage markets | were irregular, but were mostly holding Tecent gains. Net advance for potatoes | during the past month or so has been small compared with the 100 per cent Tise of cabbage and onions in producing sections. There is little change so far this month in market position of apples. Potato Markets Recover. | The potato market has been recover- | ing somewhat from the setback at the | beginning of the month, and gains of about 5 cents per 100 pounds were re- | corded at many points. Average of | carlot sales in Chicago advanced from slightly below 70 cents per 100 pounds to a little above the 70-cent line, and some Eastern markets followed a sim- ilar trend. The slightly greater strength seemed to be based on unsettled con- ditions in producing sections, resulting in lighter haulings from farms and fewer sales at leading shipping points. Roads in some Western localities were blocked with snow. The motor truck business was affect>d by the banking situation, but many of the truckmen have been operating on a cash basis. ‘The market for certified seed Cobblers strengthened in Northern Maine but Green Mountains sold at about the same level as at the end of last month. Shipments of potatoes from Maine were heavier last month than for the same period last season but movement is not quite so active at present, although Maine shipments comprise about cne- third of the daily totals. Close to one- third of the season’s shipments from that State have moved to market part of the way by boat. Price trend of table stock is upward, advancing to 50 cents per 100 pounds for sacked stock at Maine SM&ping points, and there were similar gains of a few cents in Western New York and in Middle Western pro- ducing sections. The general range for sacked stock n potato producing sec- tions West to East was 45 to 65 cents per 100 pounds by the carlot. Most of the shipments from Western New York have been going to Virginia, Pennsyl- vania and adjacent States. Eastern city markets report moderate supplies but limited demands for old and new potatoes. Maine Green Moun- tains are about steady on jobbing sales at 90al1.15. Long Island stock advanced 5 cents. New York and Philadelphia round whites still sell at 85a1.00. Re- celpts of new potatoes from Florida and Cuba have been light. Onions Higher. ‘The onion market has shown a more consistently upward tendency than other leaaing vegetables this month. Prices have doubled from the February low point in most producing sections, reaching a range of 50 to 70 cents per 50 pounds by the carlot in Western New York and Michigan. Onions which have been stored by growers show con- siderable loss from sprouting or frost damage in some sections, resulting in & premium on dry, frost-free onions of good size and these have sold at about double the price of the poorest stock. Prices are higher in some Midwestern producing sections than in Midwestern city markets, but Eastern city markets have advanced more sharply, showing tops of 80 to 90 cents per 50 pounds for best stock and a general range of 60 to 85 cents. Few white onions are good enough to bring more than 60 cents. Supplies are moderate and de- ~mand slow. Country-wide onion ship- ments largely from Midwestern sources are somewhat below 100 cars daily. Cabbage Market Unsettled. Prices of cabbage advanced in early March, then lost part of the gain and the position became unsettled owing to rather large shipments from New York and Florida. Good cabbage of the Danish type seems in moderate sup- ply and meeting fairly active demand. Bulk stock sells at $14-§18 per ton in the large cities, and is firm at $8- $9 in New York producing sections, Price of new cabbage is irregular, show- | ing some advances and few declines in | Northern markets. Dealers were ex-| pecting some increase of shipments on | return of better banking conditions, but growers show reluctance to sell at | prevailing prices, Sweet Potatoes Steady. Shipments of sweet potatoes are light, but demand is quiet and prices have| not shown much change. Eastern Shore | stock brings 75c-$1.10 per bushel in| Northern markets. North Carolina | Puerto Ricans bring 50 to 75 cents in ments, but demand is slow and prices about steady. New York Baldwins sell, at $1.10-$1.25 per bushel, Staymans from 90c-$1.25, Black Twigs at 75c- $1.00 and Ben Davis around 70 cents. New York Greenings bring 60c-$I, in- cluding some fruit showing scald. McIntosh and Delicious range mostly $1-$1.25, but best lots sold up to $1.40- $1.50 in & few markets. Eastern Yorks of standard grade bring 85c-$1 per bushel. Washington Produce 'WHOLESALE PRICES. Butter—One-pound prihts (93 score), 23. tub, 22; one-pound prints (92 score), 22; tub, 20; one-pound prints (91 score), 21; tub, 20; one-pound prints (90 score), 20; tub, 19. Eggs—Hennery white, 14al4lz; cur- rent receipts, 1212a13!2; Government graded, extras, 191:; standards, 18; mediums, 17'2. Poultry, alive—Turkeys, hens. young, 16a20; oid, 12al4; toms, 13al4; old, 8a10; chickens, 13; hens, 13; Leghorn hens, 9all; Winter chickens. 13al€; stags, 8al0; roosters, 6a7; th Rocks, brotlers, 20a22; fryers, 17a19; roasters, 17a19; ' ~d colored chick- ens, 14a16; keats, ycung, 25a40: old, 15a20; capons, 7 to 9 pounds, 18; § to 6 pounds, 15. Poultry, dressed — Turkeys, _hens young, 19a23; old, 15a17; toms, young, 16a17: old, 11a13; chickens, hens, 16; Leghorn hens, 12a13; Winter chickens, 18a19; stags, 11a13; roasters, 9al0; Plymouth Rocks, broilers, 23a25; fryers. 20a21; roasters, 20a22; mixed colored chickens, 17a19; keats, young, 28a43; old, 18a23; gpf;u, 7 to 9 pounds, 21; 5 6 pounds, 18. ;zenvgch:‘(. 11; veal, 13; lamb, 16; pork loins, 16; fresh hams, 12; smoked hams, 14; strip bacon, 14; lard, 7'z; compound, 7. F‘r‘:flt&—Applu. fancy box stock, 1.75a 2.25; bushel baskets, 1.00a1.25; peaches, 3.25; pears, 1.5082.75; plums, 3.50; apri- cots, 3.25; nectarines, 3.50; mandarines, 40a50; oranges, 2.5023.50; lemons, 3.50a 4.50; tangerines, 2.00a2.25; grapefruit, 22522.50; limes, per 100, 2.00; bananas, 1.00a250; alligator pears, 3.50a4.50; honeydews, 2.50a3.50; pineapples, 3.00a 400; Spanish melons, 6.00a7.00; kum-~ quats, quarts, 20; rhubarb, 40a50; cran- berries, 3.25; grapes, Almeira’s, Argen- tina, 3.50; Emperors, kegs, 5.50a6.00; strawberries, 6.00a7.00. Vegetables—Potatoes, Maine, New York, 1.00al15; Florida, 1.75; Idaho bakers, 1.75; sweets, 65a75; tomatoes, repacks, 3-pan crates, 1.50a 1.75; lugs, 2.00a225; broccoli, 3.00; turnips, 40a50; parsnips, 85a1.00; string beans, 1.50a2.25; peas, 2.75a3.00; lima peppers, 1.50a2.25; kale, spinach, 50a1.25; mushrooms, 65a75; salsify, per dozen, 60: lettuce, fceberg, 3.00a3.25: squash, 1.00a2 eggplant, 1.50a2.00: beets, crates, 1 carrots, crates, 1.25; cucumbers, 4.00a 4.50; celery, 1.75; cabbage, new, hamp- ers, 1.25a1.50; old, sacks, 90a1.00; asparagus, 2.50a6.00; caulifiower, 1,752 2.00; corn, Florida, 3.00. BODY ON WAY TO D. C. Charles C. Foster, Former Racing Writer, Succumbs in Havana. HAVANA, March 11 (#).—The body of Charles C. Foster, 61, veteran news- paper man, who died here Thursday of heart disease, will be sent North to- day on the Key West boat. It will be taken to Washington, D. C. Bfirial, members of the family said, probably will take place in Washing- ton, although that had not been defi- nitely decided. A native of Lexington, Ind. Foster resided for years in Alexandria, Va. when he was not away covering races at one track or another. For the last seven years he was director of pub- licity for the Cuban-American Jockey Club here. . U. S. TREASURY BALANCE. By the Associated Press. Treasury receipts for March 9 were $1,709,806.90, expenditures, ~ $5,146,- 847.90; balance, $130,130,521.64. Cus- tom duties for nine days of March, $3,227,931.21 A. & P. SALES. NEW YORK, March 11 (#).—Great At- lantic & Pacific Tea Co. estimates sales for the four weeks ended February 25 at $61,102, 151 against $69.868,307 in the same 1932 period, a decrease of 12.5 per cent tonnage sales aggregated 406,156 against 412,811, a decline of per_cent STATEMENT OF THE CONDITION F THE Missouri State Life Insurance Co. of St. Louis, Mo. On the 31st day of December. 1032, as re- quired_under Bection 47 of the Code of Law for the District of Columbia, INCOME. New premiums .... Renewal premiums Total premium income. Total interest and rents Other income ... Total income . $40,604,7 DISBURSEMENTS. Net amount paid for losses and matured endowments .$11.326,741.60 Other payments to policy- holders s All other dishursements. ... Total disbursements ‘Washington, Baltimore and Pittsburgh. ‘Tennessee Nancy Halls sold at 50 to| 60 cents. New Jersey sweets of the| Jersey type are quoted at 85c-$1.25 n | New York, Philadelphia and Pittsburgh. | Carrots are quoted at unchanged rices—45 cents per 100 pounds in| ew York producing sections—with | bulk stock at $6 per ton. New York carrots bring 40 to 50 cents per bushel | basket in New York and Baltimore. Prices are firm for Southern carrots. | Prices of lettuce are irregular, aver- aging fairly steady on California stock and lower on Fiorida lettuce, which sells in Northern markets at $1-$1.25| per 1l4-bushel hamper. Some lower grade lettuce from South Carolina sold | at 50c-$1 in New York. Apple Market Steady. Prices of apples have shown a little variation lately in producing sections. Rhode Island Greenings of good qual ity seem rather scarce in Western New York and hold rather firm at 75 to 80 cents per bushel. Baldwins brought | $1.10-$1.15. City markets report rather light supplies, resulting from the r cently reduced volume of carlot shi) PROPERTY M Apartment House ABSETS. Real estate 5 Mortgage I tate Collateral : Policy loans and premium notes: it .o Bonds and stocks Cash_in office Deposits in_banks Total interest and rents due and accrued Net amount of ~uncoliected and deferred premiums. . AlL other assets ..... Gross assets Deduct assets not admi Total admitted assets. ...$155,248,1 LIABILITIES, Net reserve required by law.$125.018.0: Other policy reserves. 1016 Total policy claims. 1582 Other liabilities . Capital paid up Unassigned funds (surplus) . Total . $155,248,182 40 WM. T. NARDIN, President. F. H. MORGAN, Secretary. Bubscribed and’ sworn to ‘béfore me this 20th day of Pebruary, 1033. 7 (Seal) gt 'H'F. BECKER. Jr. Notary Puklic, City of St. Loiis, Mo. My commission expires March 28, 103 ANAGEMENT HAT SHOULD be done is a question which is con- THE EVENING STAR, WASHINGTON, D. C., SATURDAY, MARCH 11, 1933. NSURANCE COMPANIES PAY OUT BILLIONS TO POLICY HOLDERS Huge Disbursements Have Lessened Effects of Economic Disturbance During Last Few Years. Special Disoatch to The Star. NEW YORK, March 11.—In the crisis through which the country is now passing the life insurance companies by the distribution of billions of dollars, have been one of the principal fac- tors in sustalning our economic life. ‘This appraisal of the functioning of the life insurence companies of the country was given by Frank H. Davis, vice president of the Penn Mutual Life Insurance Co. of Philadelphia, in ad- dressing the annual congress of the New York Life Underwriters’ Associa- tion here this week. “Payment of these funds has pre- vented the wreckage of hundreds of thousands of homes, of tens of thou- sands of businesses and has prevented the crippling of a vast multitude of in- dividual lives,” Mr. Davis declared. “It is difficult to imagine what the situation of the country would be today had it not been for the distribution of these funds by the life insurance companies. ‘They have been the economic salvation of a large part of our population. They mve softened the blow all along the et ‘The gigantic total of $5,600,000,000 was distributed by life insurance com- ies to their policy holders and bene- clarles during 1931 and 1932, and in addition these companies have paid out hundreds of millions of dollars in policy loens, Mr. Davis pointed out. “And while this was going on other billions were being invested by the life in- surance companie¥ in bonds, mortgages and oiher securities, representing pur- poses and projects that were continuing the expansion of the structural life of the country, despite the destructive character of the economic situation. It we could follow these distributed funds to their innumerable dest.nations we would find them being applied to the very foundational structure of our national life,” he continued. “We find the country's business needing life in- surance as it never needed it before, and using its benefits as it never used them before. Corporations and part- nerships that years ago began to lay up year by year a life insurance emer- gency fund have found it in these days to be their salvation. It has tided thousand of them over hard spots and has saved many of them from ruin.” Baltimore Markets Special Dispatch to The Star. BALTIMORE. Md., March 11.—White potatoes, per 100 pounds, 85a1.00: new, bushel, 1.40a1.85; sweet potatoes, bushel, 40a1.00; barrel, 1.00a1.50; beans, bushel, 1.2522.00; beets, per half crate, 1.10a 1.25; cabbage, per ton, 15.00a17.00; car- rots, bushel, 50260; caulifiower, crate, 1.50a1.65; celery, crate, 2.50a285; egg- plants, crate, 1.50a3.00; lettuce, crate, 2.50a3.00; onions, per 100 pounds, 1.00a 1.25; lima beans, bushel, 3.00a3.50; peas, 2.0082.75; ppers, bushel, 50a1.00; spinach, el, 75a90; tomatoes, crate, 50a2.00; squash, bushel, 75a1.00; tur- nips, basket, 25a35; apples, bushel, 35a 1.50; strawberries, quart, 18a25; grape- fruit, box, 1.75a2.50, oranges, box, 1.75a 3.50; tangerines, half box, 1.00a1.50. Dairy Markets. Live poultry—Turkeys, hens. pound, STATEMENT OF THE CONDITION OF THE | On the 31st day of December, 1932 uired under_Section §47 of’ faw for the District of Columbis. Net premium! Total interest Other income DISBURSEMENTS. Net amount paid policyholders or_losses All other disbu; ASSETS. Bonds and stocks. Deposits in banks. Agents’ Interest aceru Gross assets ... ... Deduct assets not ‘admitted Total admitted assets LIABILITIES. Net unpaid claims bilities Capital Daid up 1 SaPpins ‘over ail liubilittes” 3 Total sevensessesnesses Sl WRITTEN DURING NET PREMIUMS WRITI THY District | nctiem o 1061,461.49 Tornado, windstorm and cyclone. 114.6; Hail 5 8 Sprinkier Jeakage Riot, civil commo- tion and explo- C. W. PIERCE. Vice President. J. 8. KING, Secretary. scribed_2nd sworn 2 Ry o Pebruary, 101 (Seal)) iblic. Queens Count: k's N stantly arising in connection with the management of apart- ment house properties. And what IS done determines the success or mnon-success with your investment. Our Property Management Department will act for you— with that keen ‘judgment born of long experience. We are prepared to assume full manage- ment and for a very moderate fee. B. F. SAUL CO. 925 15th St. N.W MORTGAGE Nat’l 2100 LOANS in New York County. Clerk's No. 235, ister's No. 3-W-178. March 30, 1033. 20a21; gobblers, 16a17; old hens, 18a19; old toms, 13al14; capons, 15a20; young chickens, 15a17; thin, 10a12; broilers, 18a22; old hens, llal4; leghorns, 11a12; old roosters, 7a9: ducks, 12a13; geese. 10a15; guinea fowls, each, 25a45; pigeons, pair, 15a20. Eggs—Receipts, 2552 cases; current receipts, 13; duck eggs, 16a20. Butter—Good to fancy, creamery, pound. 17a22; ladles, 14al5; packed, 10all; process butter, 1€al7. Officers Walk Home. ‘Three Craighead County, Ark., deputy sheriffs recently were forced to walk home from a ride when moonshiners disabled their car while they were hunt- Ing a still in the woods. e _Writing “gags” for professional ma- giclans has provided Vance Smith of Racine, Wis., with enough money to | American Eagle Fire Insur- ance Company of New York as re- the Code of $3.468,516.22 499/6104% 6.001.00 Total NCOME ....eveeen. $3.874217.7 $12,452,380.17 £500.100 81 3. 40.00 00.00 21.90 ,452,380.17 of a 463.95 to before me this 33, Commission expires continue his education at the Univer- sity of Wisconsin extension division. Fire Rental Value Windstorm Personal Holdup Boiler Explosion OF THE CONDITION STATEMENT OF TH [E Liverpool & London & Globe Insurance Co., Ltd., of Liverpool, England - On the 21st day of Smbe the Code quired nder trict ot Columbia. . $8.278.801 Porel nearned premims Total income . DISBURSEME! Net amount paid pols Tor losses. . . . ax otner disbursem Total disbursements Real estate Mortagage loans ~ on 344,25 021 15,430,02: 2.108.7 17232 916. Net unpaid claims Total unearned b *Sther Tabilities Capits] paid u 0,000 SiPolus Gver afl 4,953,470 Total ... NET PREMIUMS WRITTEN DURING o District of $19,823,023.70 Fire Ocean ‘marine otor_vehicle: 69.483.62 380.03 3] Riot, civil comm tion and expl ] 1. *Includes contingency reserve. .19, L ARHABEE, Aest. 0. 5. Manager, Subscribed and sworn to before me this ay of March. 1933, Ahecal ALBERT J. JOHNSTONE. Notary public, Nassau County. Certificate filed in New York County. New York County lerk's No. 179. "New York County Reg- ister's No. 4 J 119. 166,838.74 176,874.05 20,600,840.00 32080801021 .$19,823,928.70 quired under_Section INCOME. Net premiums Total ‘interests Other income Total income ... DISBURSEMENTS. Net _amount paid policyhold- ers for losses. .. ... All other disbursemen Total disbursements Real estate Mortgage loans tock: LIABILITIES. Net unpaid claims. . Total unearned p: #Other liablities Capital paid up. Surplus over all liabiliies. Total . . all kinds, poor and| store | WHOLESALE AUTO FINANCING GROWS Dealers Have Increased Their Borrawings to Purchase New Models. By the Associated Press. CHICAGO, March 11.—One com- parative business curve which has climbed decisively upward during these days of economic stress is the volume of wholesale automobile financing, in proportion to retail financing of both new and used cars. An analysis of trends in this industry from 1928 through the National A'.uolc’l::fofl!t p“nhrl)‘:ntcz Companies, reveals that the volume of wholesale financing increased from 60 per cent of similar retail business in 1929 to 109 per cent in 1932. Dealer Borrowings Large. This study is based on data from all finance companies reporting to the De- partment . of Commerce—companies which the association estimates to handle 90 per cent of the business in thulflzld "luh‘:e g;o:x the eomparatively small amoun e by uealers d banks.” 4 = The wholesale division of the industry involves the advancing of funds to dealers for purchase of new cars, which | constitute their stock in trade. In 1932, the association’s analysis | shows, wholesale financing was 51 per cent below the volume of 1929, while | the comparative drop in retail financing | of both new and used cars was 67 per cent and the drop in retail financing of new cars alone was 73 per cent. ‘This proportionate increase in whole- sale financing, says C. C. Hanch, gen- eral manager of the association, “would be impossible if the wholesale financing were applicable only to the same cars which are ultimately sold on the install- ment plan and sold at retail. “It is evident that dealers now have reached the point where they are bor- rowing from the finance companies the money n¢ to purchase practically all of the new cars which they obtain from the factories.” Wholesale financing in 1929, accord- ing to the association’s figures, amount- Buildings and Contents Use and Occupancy Burglary and Theft and Heating Plants and Equipment. Liability and Property Damage. STATEMENT OF THE CONDITION OF THE Newark Fire Insurance Company of Newark, N. J. On the 31st day of December, 1932. as 647 of the Code of Law for the District of Columbia. -, 1932, as re- December. e 3 $2.945,105.66 31 ++..$3,357,626.32 $1.533,255 51 1.01RA21.13 . $3,452,076.04 ..$0.106,716.16 tail, but in 1932 this figure increased to $595. It increased from $147 per ed to $356 per vehicle financed at re- | vehicle sold by manufacturers in this country in 1929 to $264 in 1932. Compilaticn.of figures from reporting companies shows that approximately 585,000 new cars were financed at retail in 1932, compared to 967,000 used cars, with contracts in both classes aggregat- ing_$585,000,000. The association’s statistics indicate there has heen little if any change in the proj on of all cars sold on the installment plan. New Financing Contracts. Of all new car financing contracts purchased in 1928, the average was $635, against $546 in 1932, a drop at- tributed to the decline in auto prices. Similarly, the average used car contract decreased from $307 in 1928 to $241 last year. “It seems certain,” says the asoscla- ton's anajysis, “that the average price of cars, and consequently the average amount of each installment note, will continue to decrease for some years to come.” Trade Trends By the Assoclated Press. Medicinal Ofls—Leading importers are reported to have advanced the price of codliver oil $3 a barrel. Hides—Tanners are showing more in- terest in the market, and it is reported that holders are disinclined to offer in volume under present conditions. Chemicals—Producers are preparing for a freer movement of calcium- chloride, anticipating early improve- ments in the demand. Woolens—The trade hears that some spinners have advanced prices on worsted yarns an average of 5 to 7'z cents a pound. Dried Fruits—Prices are reported strong on the spot in response to an improved demand from the local and interior trade. Gasoline—Jobbers are reported dis- playing more interest in the market in connection with the possibility of firm- ing prices in sympathy with other com- modities. ————e STARTS FIRE; DROPS DEAD $1,000 Bill Found in Shirt of 82- Year-Old Man. FORRESTON, Ill, March 11 (®).— William A. Adams, 82, started a grass fire on a lot here yesterday. When he saw it was spreading beyond his con- trol, he called for help, then fell dead. In his shirt was found a $1,000 bill and $301 in smaller bills. INSURANCE DEPARTMENT (Incorporated) 1321 Connecticut Avenue Are You Fully Protected /n Every Way With the Right Kind of MORTGAGE LOAN CORRE SPONDENT Insurance? Liability Plate Glass All Risk Jewelry, Furs, Perscial Effects, Fine Arts. Te- auired under 8¢ 4 Other ' inome Net ery Dr losse: Al otser Beal otate - ongage loans o} Boms and stock Cam in compan: Deosits in banks . Aents’ balances . . Irterest and ren crued Public, Employers, Elevator. Sports Liability Property Damage By Aircraft or Motor Vhicles. Accident and Fealth - - - y THE CONDITION STATEMENT O T Hartford Firemsurance Company of Hxtford, Conn. ; of December. 1032, as re- On ihe, 215t 8%.6n 047 of the Code of Law of the Distric of Columbia. Tots income .........$36,310,328.65 DISBURSEME! unt paid policyhol fotal disbursements Total Y!Ilflled prem! S:I;f'l‘.l llpb.‘}é“‘ell eecesaes SuTpits Gver afl tinbiici Workmen’s Compensation Teams Collision : of RANDALL H. HAGNER & COM We have a policy for every type of insurance and r request "{ too modest to have our careful attention ; and none too lage for our facilities Our Insurance Service includes: Civil Riot and Commotion Rain Insurance Sprinkler Leakage Liability, Property Damage, Automobile Fire, Theft, Windstorm, Liability," erty Damage, Collision and FINANCIAL. BANKERS APPROVE DRIVE ON HOARDERS Campaign of Government Is Given Support by Members of the Stock Exchange. Special Dispatch to The Star. NEW YORK, March 11.—The drastic measures put into effect by the Treas- ury Department to force hoarders to disgorge the gold they have been with- drawing from the banks just prior to the crisis, as well as for the two years preceding, meet the approval of the financial community — excepting, of course, the individual culprits con- cerned. There are many theoretical argu- ments against penalizing gold with- drawals and gold hoarding in a country supposedly on the gold standard, but in an emergency like the present they are not convincing. The campaign is indorsed and its success is predicted. It has the co- operation of the Stock Exchange, which has asked detailed reports from its members as to gold paid out to cus- tomers since the first of the year. This information, added to that collected by the banks, ought to give a fairly complete directory of the hoarding com- munity. Getophone Decatur 3600 *¥ NEW TYPE FUSELAGE : DEMONSTRATED T U. 2 Standardized Parts E-ble Me- chanic to Assemble©dy in Y Field. Demonstrations of fhew type of, alrplane fuselage made! standardized” parts which may be /Sembled in the Eeld or repaired witl, ® f:l:e':fl';w; | by any mechanic w) . | are being made o fmy Alr Cotaile ficials t-Hoover Airpor A o vasning'paul M. Hewitt of . L escribed as not only The fuselage the sim| al fuselage yet de. e simplest %Cy welgm: vised, e strongest medfé‘fia;l:o&demnmtnuon here is ~kp! .~kpit type, built into a° fifp,‘:’,f, o‘pfif‘cm flown here by Hew- itt and LongD- Though being demon- strated prnffly for military use, the’ principle ¢ be applied to commercial. practice, jWas said. ENGIEERING CONTRACTS. ORK, March 11 (#).—Heavy engingiN8 contracts rose last week to $18,0200 from an approximate $10,- | 000,/ level in the previous week, the gtering News-Record reports. In theRst four weeks contracts averaged 146,000, against §18,023,000 & year Cutablishod 1908 RANDALL . H/ENER & COMPANY REA»ESTATE ‘//7‘ 132/ %,/Mé&fl/ .%la/mre ./l//’[fi Competent Muagement of Rental Properties inAXl Sections of the City MOYOAGE LOAN CORRERPONDENT Hort Ly T ompeny Decatur 3600 e ‘ers. for Real estate Agent fiter 4.200.132.. EE R IERY 485.628.76 Net premiums Total interest and rents. Other income. . Total income STATEMENT OF THE CONDITION Commercial Union Assurance Company, Ltd., of London On the 31st day of December, 1032, as re- quired under_Section 647 of the Code of Law for the District of Columbla. DISBUR! . Net amount paid policyhold- oss: All other disb ‘Total disbursements. .. Mortgage loans on' real es Bonds and stocks Cash in company’ Deposits in banks alance: ts and rents due accrued .. All other asse! Gross assets Deduct assets not admitt Total admitted assets. 1L Net unpaid claims. otal unearned pre Other liabilities Statutory _deposit Burplus over all lial Total c..0ee S ursement SEMENTS. $3.301.206.84 4.034,839.41 .$7,426,136.25 ASSETS. .044.00 $1,080. 46,700.00 7,568.253.68 9.15 2.903,404.14 1,154,053.62 93,623.08 83,180.61 13,820,838.26 83801 te or $13,550,200.25 $13,550,200.25 of Philadelphia, Pennsylvania On the 31st day of December, 1932. as re- | quired under Law otal Other income . Total income .. Net smount paid policyhold- All other disbursements. tion ... Interest and ren erued :....: All other assets. Deduct assets not admitted Accident .. Health s Auto liabiiity Lianiity Plate giass . " Burglary and theft Property damage Water damage . 27th dey of February. 1 th oay o uar Union Assurance Society, Ltd., STATEMENT OF THE CONDITION OF THE Alliance Casualty Company 1600 Arch Street Section 647 of the Code of for the District of Columbia. $2.687.862.81 177,006.73 1:212.:68 ...$2,866,081.19 DISBURSEMENTS. ers for losses ..$1,505,746.78 1:455.086.60 Total disbursements. 64.733.38 ...$3,770.840.12 77 641800141 414.300.90 831,057.16 25.304.17 76.357.27 $6.189.650.03 131.500.78 Gross assets Total admitted asset $5,058.158.28 LIABILITIES. ! unpaid claims $1.560,805.00 i 1,426.900.00 $5,058,158.28 NET PREMIUMS WRITTEN DURING THE YEAR. Total Columbis. District of $388.85 30.42 8.061.68 1,267.88 2,603.72 75.41 3.310.37 343113 1.397.29 3.586.37 81.00 ety property e 2 and collision cther than auto. Totals E. P. HOLMES. Vice President and General Man FRANK A. EGER, Comptroller. Subscribed and sworn to befors me this > HELEN M. CONNOR. Notary Publie. My commission expires March 9, 1937. STATEMENT OF THE CONDITION OF THE of London On the 31st day of December, 1932 as re- quired under Section 647 Law for of the Code of the District of 'Columbia. = © INCOME. Net premiums..... Total interest and rents. " Other income.. Total income . District of NET PREMIUMS WRITTEN DURING THE YEAR. Distrlct of . T o Fire ...... Ocean marine Motor vehicles Earthquake Inland igaio and transporta- on Z 216.09 1042493 . 50,016.74 133.026.92 2.835 43 10,919.40 88.36 957.80 Tornado, w! and cyclone. Eprinkier léakag Riot. civil comms tion and explo- sion . ....... 3401949 All other, ‘aireraft. 7,853.48 $2,045.195.66 *Includes contingency reserve, $1. 5; . President. . P. HAMILTON, Vice President. Bubscribed and sw B Rk 4,and sworn to before me this 1933 ai. . JOHNSTONE, Notary publie; Nassau Omn‘l’ty. Certificate fiters No.4 3 11p,¢ York County Rer NET PREMIUMS WRITTEN DURING THE YEAR. District of Columbia. $41.908.92 Total. $25,817,798.62 447.984.58 2,230.446.22 3 22,973.79 navil tion and trans- portation ... Tornado, _wind- storm’ and cy- clone all . 1.171,961.99 Eprinkier “leal K eivil - com- Rl otion and ex- osion $32.975.672.650 $52.388.80 'WYPER, Vice President. Secretary. a0 to dl?u{gsa.bflml.lhll ety fiu‘r‘y glfi& NET PREMIUMS WRITTEN DURING THE YEAR. District of Total. Columbia, $0.085.072.84 $10,799.20 40 2 18,14 °'1,113.95 gt!l. vehicles 252.3° otor 3218, ake - ITHIELE oeooonne Earthquake ... . ion 1,151,245.09 5,008.43 Sorinkier jeakage. Riot. civil commo tion and explo. Total. .$2,350.838.69 65,285.11 4,531.66 Y e CoLTOR Motor” ‘vehiele: Eartnquake Inland nat tion and i portation ‘Tornado. ind storm and cyclone . ol Sprinkie; age ... R0t civil ‘motion, 13,207.57 172,877.78 85.24 and expiosi Alrcraft Flood . *$105. lhnmn:s ~Subscribed and sworn ot day of Match, 1058 (Seal) TH $1 P. W. KOECKERT, U. 8. Ma Subscribed and sworn to before me this th'i:l of March, 1933. « ), ‘THOMAS F. HEALY, ‘Queens_County, No. 780. . __Certifical led in r" 0. 600, Register's No. 4H401. March 30, 1934 Not: Reslister's York County Commission expires ) HEALY, Notary Public, Queens 3o, Tl ied st . Go. e Commission expires Mateh 30, 1034.