Evening Star Newspaper, April 15, 1937, Page 18

A—18 A.T.&T.EARNINGS HIT 4343101 Quarter’s Net Compares With $34,442,956 Same 1936 Period. By the Associated Press. NEW YORK, April 15.—Net income of the American Telephone & Tele- graph Co. for the quarter ended * ¥ March 31 was reported today at $43,- | 435,751, equal to $2.32 a share on the | capital stock, or 7 cents more than the quarterly dividend requirement. In the like quarter of 1936 net in- eome was $34,442,956, or $1.85 a share. For the 12 months ended March 31 the company’s net income was $183, 819,208, equivalent to $9.84 a share, compared with $130,089,618, or $6.97 a share for the previous 12 months. In a consolidated statement covering American Telephone and its 25 prin- cipal telephone subsidiary companies for the three months ended February 28, the company shows net income of $53,597,104. equal to $2.87 a share. This contrasted with $39.662,389 for the like three months of the previous year, or $2.13 a share. For the 12 months ended February | 28, net income was $191,989.951, equal to $10.28 a share, against $138,760,698, or $7.44 a share for the preceding 12 months. These figures were after minority interests. Walter S. Gifford, president, re- ported the number of telephones in the Bell System increased about 293,- 000 in the March quarter, compared with an increase of 197,800 in first quarter of 1936. The company has in service now approximately 14,800,- 000 telephones. FEDERAL LAND BANKS NEW YORK. April 15 (#).—Federal Land Bank bonds: 414s Nov. 41is May! 45" May 4s 103% 10014 10214 1013 1035, 10113 Z 100 100 100 FOREIGN MARKETS. LONDON. April 15 (#) —Gold shares were azain under pressure in to- s stock market and olls and rubbers also eased. There was a fair demand for motor and silk securities and the gilt- edged division and Germap bonds also moved upward. Trans-Atlantic stocks re- mained steady ARIS—-Government bonds closed firm, reReE RAKIng Reb goins of £0 to 45 ¢ and Bank of France advanced Royal Dutch and Suez Canal fi 5 and 135 francs up. . NEW YORK PRODUCE. NEW YORK. April 15 (P.—Eges, 23.- irregular:’ mixed colors unchanged ): steady. Centralized (90 other butter prices un- | A 1015 14mln 10015 100%s francs ished 7 steady. fancy, Slan v\hole- 17al7'2; oll‘\er prices unchanged Live poultry. by freight, unchanged. FIRST TRUST LOANS Long-term REFINANCING . . . Lowest Rates . . . 3-Year Con- struction Loans . 5% ] BOSS & PHELPS MORTGAGE CO. Loan Correspondent Jonn Hancock Mutusl Life ins. Co. 1417 K St. N.W. NA. 9300 barely steady: 2038, Reserve District No. 5. OnAr e SR OF CONDITION OF THE, Second National Bank ©Of Washington, in the District of Columbia, at the close of business on March 31 (Published in response to call made by compzroner of the Currency, under Section Statutes.) $2.302.818 64 | ASSETS. Loans and discounts 1864 Overdrafts United States Govern- ment obligations. di- rect and/or fully guar- antey ed 2.848.3% . Other bonds, stocks and 031 700.638 63 890.954.37 68,398 50 114.249.81 res. S Real estate owned other than banking house . Reserve with Federal Re- serve Bank . Cash balances with other banks, aud cash items in brocess of collec- . Other assets Total 1.276.804 49 40,000 94 $0.242.374.18 assets . LIABILITIES . Demand deposits of in- dividuals. partnerships and corporations Time deposits of dividuals, partnerships and corporations . United States Govern- ment and postal sav- $3.815.177.16 3.089.235.77 mining | FINANCIAL. LEHMAN CORP. PLANS 3-FOR-1 STOCK SPLIT Bv the Associated Press. NEW YORK, April 15.—A three-for- one split-up of capital stock of Leh- man Corp., an investment company, has been proposed by the management, to be voted upon by shareholders at & special meeting May 14, it was an- nounced. If approved, authorized capital stock will be increased to 2,500,000 shares from 2,000,000 shares. There are cur- rently outstanding 690,123 shares. Lehman Corp., one of the larger units in the investment company field, reported net assets of $96,376,000 as of last March 31. GOLD PRODUCTION CLIMBS SHARPLY Add q Large Russian Increases Substantially to World Upturn. 8Special Dispatch to The Star. NEW YORK, April 15.—Production of gold throughout the world increased materially last year, with Russia mak- ing spectacular gains, according to IPoors Industry and Investment Sur- veys. Semi-official reports from Mos- cow indicate that Soviet gold output | in 1936 totaled 10,360,000 ounces and 15,500,000 the preceding year. A further rise to around 14,000,000 ounces is ex- pected in Russia in 1937. “In the United States and its pos- sessions last year’s gold production is | estimated at 4,313,000 ounces, an in- crease of 20 per cent over the 1935 output. Canadian mines extracted 3,721,000 ounces, and South Africa 11,339,000 ounces in 1936. i “Supplies of gold are increasing so! rapidly that the world commodity price level may be affected even- tually. If the new gold finds its way into the world markets on a large scale, boosts in commodity prices appear inevitable. Increasing costs of production would, of course, tend to check the earnings of gold mine companies, mediate term, however, earnings of 1domeslic gold miners promise to re- main stable. Although costs of pro- | duction are rising somewhat, many | mines are offsetting that adverse fac- | tor, either by increasing output or by | }extractmg ore of higher gold content. - | 600 TONS OF LEAD SOLD. NEW YORK, April 15 (#)—The St. Joseph Lead Co. reports that 600 tons of pig lead from Southeast Missouri mines were sold yesterday at $5.85 per hundred pounds, St. Louis. Office Furniture STOCKETT: NKE CO PRODUCING STATIONERS DIDE ST -N - W 1886 || 5ist Year 1937 of Progress Charter No. 4247. other than Russian. Over the inter- ‘: THE EVENING STAR, WASHINGTON, D. C, THURSDAY, APRIL 15, 1937. Packard Output Sets All-Time High for March By the Associated Press. NEW YORK, April 15.—Packard Motor Car Co. produced more cars and delivered more to purchasers in March than in any previous month in the company’s history, M. M. Gilman, vice president and general manager of the company, said today. March production totaled 14,827 units, Gilman said, compared with 6,869 jn the like 1936 month, a gain of 116 per cent. February last was the best previous month, with output of 12,780 cars. The present rate of production is ahead of that for March, he added, with average daily output of about 680 cars. For the first quarter production totaled 38,315 units, against 16,579 n the like period last year, an increase of 131 per cent. DOLLAR MOVES DOWN IN LONDON DEALINGS By the Associated Press. LONDON, April 15.—In quiet for- eign exchange dealings the United States dollar eased 1-16 of a cent today to close at 4.9013-16 to the pound. In New York yesterday ster- ling finished at $4.9075. French francs were quoted at 110.03 to the pound, compared with the pre- vious close of 109.93 francs. PARIS, Apnl 15 (#)—Three per cent rentes, 66 franc 70 centimes; 41> per cent rentes, 71.00. Exchange on London, 110.04. dollar was quoted at 22.421;, The U. S. TREASURY POSITION. BY the Associatea Press. The position of the Tressury on_Aprl Rec $15.474,077.013 expendi- 9.148.14: balance, $1.803,- 53" customs receipts for the . $19,761.286. Recéipts for ihe fiscal year (since July 1) 2,625 588.34: expenditures, ® i 55 der the previous “Gay: ord G87.708.168.06. including of inactive gold ProPERTY M ANAGEMENT EFFICIENT management is most satisfactory to both owner and tenant WE specialize in the man- agement of all types of in- vestment properties and are now Managing Agents for some of Washington's most important buildings 'WE would welcome the op- portunity of discussing your management problems with you. Randall H. Hagner & Co., Incorporated Real Estate 1321 Conn. Ave. N.W. DE. 3600 Reserve District No. 5. | REPORT OF CONDITION OF THE Lincoln Nat ional Bank Of Washington, in the District of Columbia, at the close of business on March 31, 1937. (Published in response to call made by Comptroller of the Currency, under Section 5211, U. S. Revised Statutes.) ASSETS. . Loans and discounts. . Overdrafts $3,570,549.83 2,202.09 . United States Government obligations, direct and/or fully guaranteed | 4. Other bonds, stocks, and securities. . Customers’ liability on account of acceptances executed . Banking houses, $325,803.65; Furnitu: . Real estate owned other than banking house. . Reserve with Federal Reserve bank . Cash, balances with other banks, and cash of collection . Cash items not in process of collection 11. Acceptances of other banks and bi sold with endorsement of this bank 12. Securities borrowed 3. Other assets Total Assets . State, county, and municipal deposil checks outstanding . Time deposits of individuals, partnerships, and corporations . United States Government and postal savings deposits. . Deposits of otlier banks, including certified and cashier's 894,879.88 1,662,509.64 None 361,025.74 241,852.56 re and fixtures, $35,222.09 items in proce: None lls of exchange or drafts None None 15,550.52 | $11,377,173.03 Demand deposits of individuals, psnnerships, and corpora- $5,659,664.83 | 3,956,273.16 5,347.02 13,146.64 ts. 553,474.37 Total of items 14 to 18, inclusive: 1,715,410.73 | 2913.192.04 ‘ LAKi& CROP EXPECTED TO BE LATE THIS YEAR By the Associated Press. The Agriculture Department pre- dicted yesterday that marketing of the early lamb crop before July 1 would be much below average. Cold and wet weather in March de- layed growth of seed and range, the department said, and the lamb crop was expected to be late. Fattening of yearlings and wethers in Texas also was delayed, the depart- ment said, but added that heavy mar- ketings from that State “during the next three months will probably more than offset expected decreased market- ing of fed lambs and early Spring lambs from other States.” DIVIDENDS ORDERED. NEW YORK, April 15 (Special).— Directors of International Utilities Corp. have declared dividends, for the quarter ending May 1, of $1.75 per share on the $7 prior preferred stock and 87'% cents per share on the $3.50 prior preferred, series 1931, both pay- able May 1 to stockholders of record April 22, ANGOSTURA STOCK OFFERED. NEW YORK, April 15 (#).—Public offering was made today of 170,000 shares of Angostura = Wuppermann Corp. common stock, shares are subscribed for by present stockholders under an existing offer. The offering to the public is at the market price on the New York Curb Exchange, which is currently in the neighborhood of $7 a share. Safe Investments First mortgage notes, 6% well secured on con- Washington and near- by Maryland. Denominations of $500 up. Interest 6% per annum. Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 Established Nearly 40 Years REPORT CIF CCNglxl'ID" OF THE orris Plan Bank of Washington | Of Washington, in the District of Columbia | at the close of business on March 31 Bbiiohed in Teaponse. 1o call made by | Comptroller_of the Currency. under Sec- 52 .S. Revised Statutes.) { ton 5211, ASSETS. 1. Loans and discounts. $1.852.148.17 3 GVerdrats 4091 3. United States Govern- ment obligations. di- rect and/or fully guar- anteed 35.500.00 . Banking _house. nere: furniture ‘and fixtures, )5 .88 Reserve with _ approved reserve agencies . Cash_ balances with other banks. and cash items 5.205.88 87.597.28 in proces of collection 157 04076 . Cash items not in process of collection Other assets = Total assets LIABILITIES. Demand deposits of in- dividuals. partnerships and corporations . Time deposits of _in- dividuals._partnerships and corporations Deposits of other banks including certified and cashier's checks out- standing Total of items 14 to 18, inciusive: (b)Not secured by pledge. loans a i ndjor n vest. ments__ $1.878.524 33 © T o- $128.162.44 1.452.037.04 talde- posits $1.678 52433 . Interest. taxes and other expenses accrued and unpatd B Other Ifabilitie . Capital accoun! $200.000.00 77.500.00 40.556.80 R e serves for con- tingen- cies 40.226 02 Total capital account Total liabilities ¢ City of Washinaton. District of Golambia, V WALTON 'RHINE. cashier of ‘the abeve named: bank, do solémaly swear that the above statement is true to the best of my knowledge and beli % WALTON RHINE cashter H n to and subscribed before me this 1450 Sy oF Apsi 1047 ELIZABETH F. WAYLAN Notary Publte. BARKER (Seal Corgect—Attest: WILLARD G W CAM ) EDWIN A less whatever | erve District No. 5. PARIS BANK CHANGES. PARIS, April 15 (#.—The Bank of France statement for the ‘week ended April 9 Un millions of france): e old reserve, ; qunchange balances lbrold decrease. 1. !‘m cre France:. 90{ ;. Temporary | advaiic state (pHlor G 6-18:30). 13,205 decrease, against ‘securitie Clrculation. 86.20%; df coounts. hirt: y-day advances against overnment securities. l 22“ increase, 420. ate of discount, 4 per cent. LONDON BANK REPORT. LONDON. April 15 (# —The Bank of England statement for the week ended April 14 (in thouunds of pounds): (Girculation 465 404: decrease. 4.275 7 increase, 37 decrease R1R; increase, Government se- curities p er 5. bank's reservi e 31 per cent compared with Rate of discount, 2 per cen o Hami 0a 20 last week, BROKER JOINS BOARD. NEW YORK, April 15 (#).—Charles W. Baker, a partner in the stock ex- change of Laird, Bissel & Meeds, was elected a director of Newport Indus- tries. He succeeded John A. Wood- bridge, who retired. OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Desks Steel Files Tables Steel Cabinets Chairs Safes BAUM’S FURNITURE HOUSE 1416 Eye St. NW. Phone NA. 2184 31,1937. (Published in response to call . Loans and discounts. . Overdrafts | United States Government ol guaranteed . Other bonds, stocks and securities . Banking houses, $1,793,716.80; turn: 641.84 . Reserve with Federal Reserve Bank collection . Cash items not in process of collecti . Other assets __ ‘Total assets LIABIL! tions . Deposits of other banks, checks outstanding Total of items 14 to 18 inclusive: investments investments (¢c) Total deposits . Other liabilities Capital account Common stock, share Surplus Undivided prom.s—net Reserves for contingencies Total capital account Total liabilities liabilities: guaranteed 34. 35. Pledged: (f) With State authorities to qu fiduciary powers - (g) For other purposes (h) Total pledged swear that the above statement is true to Sworn to and subscribed before me (Seal) CORRECT—Attest: HARRY G. MEEM, ALFRED H. LAWSON, L. W. ESTES, GEORGE A. KING, S. H. KAUFFMANN, WALTER S. PRATT, Jr., WM. H. BALDWIN, WM. E. PEARSON, CHARLES H. DOING, REPORT OF CONDITION OF THE The Washington Loan & Trust Co. Of Washington, in the District of Columbia, at the close of business on March under Section 5211, U. 8, Revised Statutes.) ASSETS, . Real estate owned other than bsnking house . Cash, balances with other banks and cash items in process of . Demand deposits of individuals, partnerships and corpora- . Time deposits u{ mdmdua].s parmerships nnd corporations including certified and cashiers’ (a) Secured by pledge of loans and or (b) Not secured by pledge of loans and, or Interest, taxes and other expenses accrued and unpaid. - 10,000 shares. par $100 per Memorandum: Loans and investments pledged to secure 31. United States Government obligations, direct and/or fully Total pledged (excluding rediucnunm (c) Against deposits of trust departments City of Washington, District of Columbia, ss: I, GEO. M. FISHER, Treasurer of the above-named bank, do solemnly Steel Ingot Rate Remains at Best Level Since 1929 By the Associated Press. CLEVELAND, Ohio, April Daily Metal Trade today says: Despite noticeable slackening in new business, steel makers have made lit- tlz headway toward reducing large order backlogs accumulated over re- cent month, and under pressure for deliveries ingot operations are being ! maintained at the highest rate since 1929. At midweek the national ingot rate is estimated at 91 per cent of capacity, unchanged frem a week ago. Producers in many instances are | sold out entirely on second-quarter tonnage and in a number of cases have order backlogs which carry inte third quarter. 15— Money for Construction Loans and Loans on Improved Properties Prevailing Rates FIRST DEED OF TRUST ONLY GEORGEL. BORGER 643 Indiana Ave. N.W. Nat’l 0350 Reserve District No. made by Comptroller of the Currency, -- $7,915,341.73 455.50 7,813,339.90 1,911,373.78 iture nnd flxtures, $148,- 1,942,358.64 504,392.74 5,871,700.93 5,078,281.18 11,468.76 87,342.67 $31,196,055.81 on ITIES ,,,,,, $16,590,558.80 - 10,473,488.43 719,403.39 $1,071,279.53 —----- 26,712,171.09 527,783 450.62 050.21 | 105435 | - $1,000,000.00 2,000,000.00 304,485.64 99,014.99 3,403,500.63 $31,196,055.81 $1,519.125.00 $1,519.125.00 $1,265.625.00 alify for the exercise of 252,500.00 1,000.00 | $1,519,125.00 the best of my knowledge and belief. GEO. M. FISHER, Treasurer. this 13th day of April, 1937. ARTHUR C. HARMAN, Notary Public. H. BINGHAM, JOHN A. JOHNSTON, A. C. OLIPHANT, GEORGE P. HOOVER, JAMES ALEXANDER LYON, TENNEY ROSS, THEODORE W. NOYES, CHARLES G. TREAT, Directors. Charter No. 3425. 1 2. 3 FINANCIAL. REPORT OF THE CONDITION OF THE Reserve District No. 5, National Bank of Washington® Of Washington, in the District of Columbia, at the close of business on March 31, 1937, (Published in response to call made by Comptroller of the Cu under Section 5211, U. S. Revised Statutes.) ASSETS. Loans and discounts. Overdrafts United States Government oblixn'lonx, direct and/or guaranteed .___ $ . Other bonds, stocks, and ucurlttea_ . Banking house, $423,004.00; Furniture and flxtures $61,887.34 . Real estate owned other than banking house . Reserve with Federal Reserve bank. . Cash, balances w:m other banks, and cash items in process of collection 1 LIABILITIES, | 14. Demand deposits of individuals, partnerships, and corpora- $! . Time deposits of individuals, partnerships, and corporations . United States Government and postal savings deposits . Deposits of other banks, including certified and cashier's checks outstanding-_._ Total of items 14 to 18, inclusive (a) Secured by pledge of loans and/or investments (b) Not secured by pledge of lgans and/or investments ‘Total Deposits._. $375,849.05 9,688,760.02 (©) $10,064,609.07 . Interest, taxes, and other expenses accrued and unpaid. . Other liabilities . Capital account: Common stock, 10,500 shares, par $100 per share - $1,050,000.00 Surplus 450,000.00 Undivided profits—net . 189,580.20 Reserves for contingencies. 65,240.82 ‘Total Capital Account. Total Liabilities MEMORANDUM: Loans and Investments Pledged to Secure 31. 34. 35. Liabilities. United States Government obligations, direct and/or fully guaranteed ‘Total Pledged (excluding rediscounts) Pledged: (a) Against United States Government and postal savings deposits. (c) Against deposits of trust departments. (d) Against other deposits (f) With State authorities to qualify for the exercise of fiduciary powers. (g) For other purposes.. (h) Total Pledged City of Washington, District of Columbia, ss I, RUTHERFORD J. DOOLEY, cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. RUTHERFORD J. DOOLEY, Sworn to and subscribed before me this 14th day of April, 19 rrency, 3,656,207.45 457.15 3,953,809 38 218,735.50 484,291.34 614,200.00 1,278,741.76 1,636,106.70 2,306.22 1,845,545.50 5,723,895.90 3,916,347.71 105,000.00 319,365.46 26,069.38 46.03 1,754,821.02 $11,845,545.50 $695,330.72 $695,330.72 $105,000.00 99,791.66 220,000.00 269,539.06 1,000.00 $695,330.72 Cashier. 37. S. J. COSIMANO, Notary Public. CORRECT—Attest: J. FRANK WHITE, JAMES TRIMBLE, G. W. FORSBERG, MORRIS E. MARLOW, GEORGE P. SACKS, ARTHUR MAY, LOUIS M. DENIT, ODELL S. SMITH, MAURICE F. FLYNN, MICHAEL A. KEANE, Di JOHN EDMUND CAMMACK, GEORGE N. EVERETT, CLARENCE F. NORMENT, Jr., W. CLARENCE MILLER, rectors. Reserve District No. 8. REPORT OF CONDITION OF THE National Savings and Trust Company 1. 2. 3. 4 5. 6. ve 8. 9. Of Washington, in the District of Columbia, at the close of bus March 31, 1937. iness on (Published in response to call made by Comptroller of the Currency, under Section 5211, U. S. Revised Statutes.) ASSETS. Loans and discounts. Overdrafts United States Government obligations, direct and/or fully guaranteed Other bonds, stocks, and securities Customers’ liability on account of acceptances executed Banking house, $1,232,181.05; Furniture and fixtures, $58,344.49 Real estate owned other than bankmg house Reserve with Federal Reserve bank Cash, balances with other banks, and cash items in process of collection . Cash items not in process of co]lecnon . Acceptances of other banks and bills of exchange or drafts sold with endorsement of this bank. Securities borrowed. . Other . United States Government and postal savings deposits. 19. 20. 21, $9,320,403.15 637.34 2,794,796.93 1,677,882.21 None 1,290,525.54 1,451,605.26 1,969,706.19 3,124,794 44 62.74 None None 19,188.19 $21,649,601.99 LIABILITIES Demand deposits of individuals, partnerships, tonsi— = Time deposits of individuals, partnerships, and corporations . State, county, and municipal deposits and corpora- . Deposits of other banks, including certified and. cashier's checks outstanding. Total of items 14 to 18, inclusive: (a) Secured by pledge of loans and or investments (b) Not secured by pledge of and/or investments (c) Total Deposits. $18,172,494.58 Agreements to repurchase United States Government obliga- tions or other securities sold- Bills payable Rediscounts $9.908,340.30 8,216,513.93 None None 47,640.35 None None None (a) Secured by pledge of loans and/or investments (b) Not secured by pledge of loans and/or investments - 10,035,103.68 (c) Total Deposits_ 10,187,906.02 . Agreements to repurchase United States Government owvliga- tions or other securities sold . Bills payable_ - Rediscounts . Obligations on industrial advances transferred to the Federal Reserve bank . Acceptances of other banks and bills of exchange or drafts sold with endorsement of this bank. . Aceeptances executed by this bank for customers and to fur- nish dollar exchange, exclusive of acceptances of this bank purchased or discounted . Acceptances executed by other banks for account of this bank . Securities borrowed _._. 27. Interest, taxes, and other expenses accrued an unpaid- . Dividends declared but not yet payable and amounts set, aside for dividends not declared. . Other liabilities. . Capital account: Common stock, 4,000 shares, par $100 per share 870.038.15 22. Obligations on industrial advances transferred to the Federal Reserve bank Acceptances of other banks and bills of exchange or drafts sold with endorsement of this bank Acceptances executed by this bank for customers and to furnish dollar exchange, exclusive of acceptances of this bank purchased or discounted Acceptances executed by other ban! Securities borrowed Interest, taxes, and other expenses accrued and unpaid. Dividends declared but not yet payable and amounts set aside for dividends not declared, Other liabilities- - Capital account: Income Debentures. Class A preferred stock, none; preferred stock, none. Common stock, 10,000 shares, par $100 per share -$1,000,000 $1,813,700.00 Surplus 1,000,000.00 Undivided profits—net - 672,045.16 Reserves for contingencies. 151,641.55 Income Debeatures Retirement Fund. 77.60 Preferred stock retirement fund.._ None Reserve for dividend payable in common ings deposits . Deposits of other banks including certified and cashier's checks out- stal Toral ol Mems 14 to 18 inclusive: Charter No. 1069. Reserve District No. 5. REPORT OF CONDITION OF THE NATIONAL METROPOLITAN BANK Of Washington, in the District of Columbia, at the close of business on March 31, 1937. (Published in response to call made by Comptroller of the Currency, under Section 5211, U. S. Revised Statutes.) ASSETS. . $152,802.34 None |23 455.137.84 | None 24. Noae None None None None None 39,500.00 25. 26. 27. 28. et s1.141 52422 {8 Not, = 1. Loans and discounts ___ Overdrafts _ s United States Government o gations, Other bonds, stocks, and securities Banking house, 3800 000.00; Furniture and fixtures $25 418.77 Real estate owned other than banking house. - Reserve with Federal Reserve bank__ Cash, balances with other banks, and cash items in. process of collection_ Cash items not in process of collection Other assets Total assets -~ $3,099,114.70 293.90 12,477,433.55 1,053,705.21 825,418.77 1.00 8,900,363.30 5,758,670.92 718.90 2,066.21 $2,117,786.48 secured y pledge of loans and/or invest- ments None irect and/or fully guarantee & None 143.10 29. 30. None 7.008.062.70 $613,700.00 None Class B None None 16,975.00 D $8 230 586.02 Interest taxes. and other expenses accrued and unpaid . Dividends declared. but not yet payable. and aside for SomIgm e, 20.520.94 [y 1) None 2800 LIABILITIES. 14. Demand deposits of individuals, partnerships, and corporations._ 15. Time deposits of individuals, partnerships, and corporations. 17. United States Government and postal savings deposits . __ . Deposits of other banks, including certified and cashier’s checks outstanding Total of items, 14 to 18, inclusive: (a) Secured by pledge of loans and/or investments. $2,619,247.25 (b) Not secured by pledge of loans and/or investments. 21,030,658.00 (¢c) Total Deposits -$29,649,905.25 . Interest, taxes, and other expenses accrued and unpald | Dividends declared but not yet payable and amounts set aside for dividends not declared . Other liabilitie: . Capital account: Common stock, 8,000 shares, par $100.00 per share Surplus _ Undivided proflts—net » -$18,252,340.20 7,330,144.43 350,000.00 3,717,420.62 e $400,000.00 400,000.00 372,264.01 None None None B ) Total Capital Account. Total Liabilities 3437464 31 -$21,649.601 99 Reserves for contingencies. Preferred stock retirement fund. Reserve for dividend payable in commun AR RTT R igm e None MEMORANDUM: Loans and Investments Pledged to Secure Liabilities. 31. United States Government obligations, direct and/or lully guaranteed 32. Other bonds, stocks, and securities. 33. Loans and discounts 34. ‘Total Pledged (excluding rediscounts) .....__..____. 35. Pledged: (a) Against United States Government and postal $505.000.00 200.000.00 Total Capital Account. 1,172,264.01 Total Liabilities $11,377,173.03 MEMORANDUM: Loans and Investments Pledged to Secure Liabilities. - United States Government obligations, direct and/or fully guaranteed . Other bonds, stocks, and securities. . Loans and discounts . Total Pledged (excluding rediscounts). .____. - . Pledged: (a) Against United States Government and postal savings deposits. (b) Against State, county, and municipal deposits (c) Against deposits of trust departments (d) Against other deposits.. (e) Against borrowings... (f) With State authorities to qualify for the exercise of fiduciary powers. (g) For other purposes. (h) Total Pledged. City of Washington, D. C., ss: 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. (Seal) JAMES A. SOPER, Cashier, JAMES A. SOPER, Cashier. Sworn to and subscribed before me this 13th day of April, 1937. (Seal) EVERETT H. PARSLEY, Notary Public, D. C. My commission expires Sept. 16, 1937, Correct—Attest: . GEORGE I. BORGER, HOWARD R. NORTON, WILLIAM W. BRAWNER, HENRY T. OFFTERDINGER, FLOYD E. DAVIS, GEQRGE C. PUMPHREY, ALBERT 8. GATLEY, JOHN SAUL, FRED A. SMITH, HOWARD L. WILKINS, 12,244.57 24,000.00 196.09 ng:\g\;lfiis $825,463.77 189,465.94 None —net _ 144.992.36 Preferred stock. $240,443.75 90,358.75 None $330,802.50 7.769.27 -$800,000.00 - 800,000.00 831,440.55 capital account $947.761.63 Total labilities____ $0.242.374 18 MEMORANDUM: Loans and Iavestments zed to Secure Liabilities 81 tmned “States Govern- ment obligations. di- Tect and/or fully guar- ntee: 8. Other bonds stocks and securit! 84. Total pl>dged (exclud- 5. a5 ndhcounts edze (a) United s'tates Government ;0d postal savings de- posii PeY Reainst deposits of trust ~departments (d)’ Against other None None $607,260.95 None None Total Capital Account Total Liabilities MEMORANDUM: Loans and Investments Pledged to Secure Liabilities. 31. United States Government obligatioms, direct and/or fully guaranteed. 32. Other bonds, stocks, and securities 34, Total Pledged (excluding rediscounts) 35. Pledged: (a) Against United States Government and postal savings deposits_ (¢) Against deposits of trust departments __ __ (d) Against other deposits (f) With State authorities to qualify for the ‘exercise of flduciary powers .. (g) For other purposes.__ 1,000.00 (h) Total Pledged $3,564,296.88 District of Columbia. ss: ; C. F. JACOBSEN, cashier of the above-named bank, do solemnly swear that the above state- ment is true to the best of my knowledge and belief. C. F. JACOBSEN, Cashier. Sworn to and subscribed before me this 14th day of April, 1937. (Seal) ‘WM. G. WINSTEAD, Notary Public. Correctp—Attest . W. WHITE, OTIS BEALL KENT, A. A HOEHLING. J. THOMAS KELLEY, Jr, O. H. P. JOHNSON, FRANK F. NESBIT, Directors. /\ 2,431,440.55 $32,117,786.46 - $3,504,359.38 59,937.50 $3,564,296.88 $646,937.50 999,971.88 1,716,387.50 200,000.00 (b) Against State, county, and municipal deposits. (c) Against deposits of trust departments. (d) Ageinst other deposits (e) Against borrowings . () With State authonities to qualify for the exercise of fiduciary powers. (g) For other purposes. (h) Total Pledged.- District of Columbia, ss: I, FRANK R. ULLMER, Treasurer of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. FRANK R. ULLMER, Treasurer, Sworn to and subscnbed before me this 13th day of April, 1937. (Seal.) JOHN W. CROW, Notary Public. My commission expires August 10, 1939. Correct—Attest: H. PRESCOTT GATLEY, WILLIAM B. WILLARD, WILLIAM D. HOOVER, BRUCE BAIRD, DAVID BORNEX, WALTER C. CLEPHANE, MARCY L. SPERRY, REGINALD 8. HUIDEKOPER, $50,000.00 None 168,358.75 None None $1.216.412.76 154.959.50 406,658.13 1,010.63 s1371 $1,014,929.71 .872.26 111,443.75 1,000.00 $330,802.50 $1.215.412.76 104.343.50 50.616.00 1.000.00 de- osits For other pur- oses & (h) Total pledged Digtrict of Colimbia, ss : FRED S. BEYER. cashier of the above- nared bank do solémmly. swear that the bove statement is true to the best of my :nowlerlve and_belief (Signed) FRED S BEVER, Cashie: to_and whscvlbed before me thl Hm dlv k4 April, 1937 ZABETH M. KINTZ. Noury Public. D."C. VICTOR KAUFFMANN, WILSON B. NAIRN, H. ROZIER DULANY, Jr., FREDERICK A. FENNING, CHAS. 8. BAKER, THOMAS A. BUTT, CLARK G. DIAMOND, L. CORRIN STRONG, » LOUIS D. BLISS HENRY A. WILLARD, 2nd, C. F. R. OGILBY, W. K. WIMBATT, i CHARLES JACOBSEN, 3