Evening Star Newspaper, July 10, 1937, Page 13

FINANCIAL. CURB LIST HOLDS T0 NARROW RANGE 8tock ana Aluminum of Am Am Centrifugal Am C P&L B b3le Am Cynm B t60c. Most Groups Move Down Fractions, With Utility Shares Prominent. © the Assoctated Press. NEW YORK, July 10—Stocks see- | sawed in apathetic curb trading today | with movements both ways confined | | Ark Nat Gas (A} v limits. Ark NatGcupf.. m‘?t‘llrxl;?:s showed sagging tendencies. | ATk P& L pf (7). American Gas & Electric fell down ::"é‘x"g!og;;‘“og- more than a point and Niagara Hud- As50G&E t.\.;,: son Power slipped a little. As30G & E $5 pt.. Most groups moved fractionally | Atl Coast L a2 . lower. Losers included St. Regis | Atlas Corp war-.. » Paper, International Petroleum, Cities Service, Arkansas Natural Gas “A” and American Cyanamid “B.” Baldwin Rubber moved counter to the trend and scored a little over a point. Am G&E (1.40) .. Am G&E pf (6)... Am Gen (a50c) Am Maracaibo Am Seal Kp a Am Superpower . Am Superpwr pf_ Appalch EPpf 7. Arcturus Radio_. Ark Nat G Axton-Fisher A.. Baldwin Rub 50c. Bardstown Dist__ Beech Aircraft _. Borne Scym b750. Brill Corp (A) ... Brown Copf.___. Brown Forman __ Buff N& E 1st5_ Bunker HI&S 113 Cable El Prod vte Cables & Wire B Can Hydro 1st pf Can Marconi . Carnegie Metals_ Caro L&P pf(7) . Carrier Corp . | Carter (JW) 80c_ Catlin (a40c) ___ Celluloid pf ____ Cent& S W Ut . Cent St 1 6% pf_ Figures What They Mean BY A. A, PATTON, Associated Press Statistician. NEW YORK, July 10—With rail- road freight traffic maintaining a | steady pace of some 10 per cent above 1936 and rail circles looking for a | substantial increase this Fall, loco- motive makers hope for increasing sales in the last half year. Although orders for engines in the | Centrif P t40c Chesebrough(t4). first six months more than doubled | G Itivaat bsve . those of the previous year, 250 to 122, | Cyties Service. the total was far under trade expecta- | Cities Serv pf tions. Claude Neon Lts Analysts note loadings touched a | Cleve Tractor peak of more than 820,000 cars weekly in 1936 and apparently are headed for 900,000 cars this Fall. Should the | Gojon Dav(A) 250, expected upturn in business get under | c,it's PFA biae . way in the cooler months, some hold | Colum O&G a20c. the 1,000,000-car level, inviolate since | Comwlth Edis t4. late 1929, might be attained. Comwlth & S wr_ i Comunty PS 11 _ Locomotives to Be Needed. | Gommunity Wig Should this marker be passed, they | ComSat ste ve 11 eay, about 2300 additional locomo- | Consol Copper. tives would be needed to handle the | ConsGas Util. enlarged volume. Even at the 900,000~ [ Consol Steel car mark, which is the more likely f::‘;gs\"’;f;‘ = level, practically every available loco- Courtl'ds b25. Tor motive would be in use as the number | creols Pet 1(50¢) in reserve is the lowest in years, ap- | Crocker-Wh aloe. proximately one-fifth the total five | Croft Brewing._. years ago. | Crown Drug Co__ Another factor cheering manufac- ‘Cusi Mex Mining. turers is that six out of ten engines | Det rjra\: Iron 4c are over 20 years old. This means | Det Stl Prod bise they have reached the point at which | Eagle P Ld b20c_ it 15 cheaper from an operating stand- | Fastn G&T asso- gfinfl!: Z;g a new machine than re- | Estn States B EasyWM B bi0c. Cost Factor Cited. Eisler Elec (a5c). ‘The cost factor incidental to oper- Colon Dev Ltd El Bond & Share. ation of old locomotives was stresced | &} B &8 o (6) recently by Paul Shoup, vice chair- | man of the Southern Pacific. He said expenses in April and May rose as the | result of late delivery of new loco- | Europ'n El bd rts motives. Heavy crop movements Evans Wall Ld forced the road to use old engines | Ex-Cell-O (bd0c) or two small ones per train, a costly | Fairchild Aviat__ practice. | Fansteel Metal. .- Railroads report several deterrents | Fedders Mf bioe- to purchases: (1) Sharply higher| Ford(Can)A (1) . prices; (3) recuced bullding Capacity, | Fora Ltd bo1 and uncertainties over style and pend- ing legislation—especially the length- of-train bill, WOOL PRICES HOLD AT STEADY LEVELS End of Strike Brings Revival of | Activity on Boston Market Late in Week. B3 the Associated Press. BOSTON, July 10.—The Commer- | [nof N Am 13 .. +¢ial Bulletin today says | Intl Hy E1 S pf. “The Wool Handlers’ Union has de- | Intl Pete (11i3) cided to end the strike and go back | Intl Util (B) . to work content to let the closed shop | {::Lr‘s‘;; o0 o issue drop. Meanwhile, more busi- s ness is being done, especially from | "::8;?;{:’;:’.7‘; Midwestern ~ points, where grading | Lot PRL P gt:?: have been set up in “‘"B!‘Kreuzersr(up Prices have held generally steady‘tz’;ncl‘;:‘gf; S0c... » throughout the week and sales of | [ion Ol Ref (11) graded and original bag wools indi- | Lockheed Afr cate no particular easing. Lone Star G 80c.. “The piecegoods markets are in|Long Island Ltg. between seasons and give little indica- { Long I L pf B(6). tion of what the coming season’s ;ch“‘;;zk"éfi« business may be. McCor (B)- “London's opening reflected some‘;uga‘?;‘j‘;i:,’:xs; let-down in prices, as compared with | yaeo G o the close of the previous series. es- | Mich Bumper pecially on pulled wools which were | Midvale Co (b2). down 71;. Bradford is firm on last Molybdenum week's pnce level Mount C (a2lc) .. “Western operations have been er- | Mount Prod(60e). ratic this week, but generally show | little change in prices. Nat Bellas Hess_. | Nat Cont (b30c) . “Mohair is rather slow but steady.” El Shareholding_ Equity Crpa2sc. Froedt cv of 1.20_ Gen Alloys Gen El Laséizc Gen Tire & Rub_, Glen ACb12%; Godchaux S A b2. Grand Natl Flms. Gray Tel P S (1) Greenfleld T&D_. Gulf Oil (b50c) . | Hewitt Rub bs0c. Holophane bl Hud Bay M b75c_. Illinols [owa Pw. 11l lowa P pf 235 _ Lmp Ofl Ltd t50c. Indus Fin 7% pf. Navarro Oil 40c__ New Hav Cl 1% _. Niag Hud Power. Niles-Bem-P (b1) No Am Ray Abl_ No Am Ray B bl_ Northern P L The. Nort States P A Nor Tex El pf(d) Okla Nat Gas Okla Nat Gas pf .. Okla N G ev pf 6 Oldetyme Dist.__ Pac Ltg pf (6)._- Pan-Am Air (11). Pantepec Oil Parkbg R&R b40c Pennroad (a2sc). Pa Salt (b33) Pepperell Mfg 16 Pharis T&R Phoen Sec Pion Gold (400 Pitney Bow 140c. Pitts Forging .. | Pitts & L E b4y _ | Producers Corp - | Prov Gas (80c) - | Rainbow Lum A_ Rainbow Lum B_. Red Bank ___ Reiter Foster. Reynolds Invest . Rio Gr Val Gs vte Root Pet (b25c) _. Rossia Intl Corp_ Rustless ] & Stl Ryan Consol____. St Regis Paper... Samson United __. Scovill Mfg (b1). Segal Lock & H _ Seiberling Rbber. Selected indus__. Seversky Afr__... Shattuck Den _.. Stmmons H& P Sonotone (a10c) .. Southn Colo P A_. Spen Chain b0c_. Stand Cap 11.60 Stand Ol Ky t1 Stand Pwr & Lt _ Stand S & L (4c)- Stein A&Co t1 Sterl Alum bi0c . Stutz Mot C (d) - Sullivan Machine Sunray Oil bisc . Superior Port CB Swiss Am El pf__ Tampa EI (2.24)) Tastyeast Del A_. Taylor Dist 30c_ b s Technicolor a50e. SRR Texon O{1&L 60c—. Brazl has a motion picture school. | Tob Prod Exp 156 A I -MONEY IN CIRCULATION UP SHARPLY IN WEEK ‘ Br the Associated Press. NEW YORK, July 10.—Money in cir- eulation jumped sharply in the week ended July 7, the credit statement of the Federal Reserve Board showed. The upturn accompanied the “loni Independence day holiday and meas- ,ured withdrawals of funds from bank accounts for holiday expenses. Cash in use compared as follows: Week ended July 7 24,000,000 Previous ®eek 48.000.000 8ame period lnst yéar 2,000,600 KRESS JUNE VOLUME LAGS BEHIND YEAR AGO By the Associated Press. NEW YORK, July 10—S. H. Kress Co. sales for June totaled $6,899,197, & decrease of 1.8 per cent from the * June, 1936, figure of $7,027,087. Sales for the first six months of the year showed an increase of 2.7 per cent over the same period a year ago. M’CRORY STORE SALES ~ BELOW LEVEL YEAR AGO By the Assoctated Press. NEW YORK, July 10.—June sales of McCrory Stores Corp. declined 2.3 per * cent from the like month last year. Sales totaled $3,365,000, compared with $3,443,415 in 1936. Six-month sales totaled $18,381,033, against $17,- 693,154 last year, an increase of 3.9 per cent. May sales showed an in- crease of 6.8 per cent over May, 1936. ASSOCIATED OUTPUT UP. NEW YORK, July 10 (Special).— For June Associated Gas & Electric Bystem reports net electric output of 382,013,158 units (kilowatt hours). » 'This is an increase of 50,904,354 units, or 15.4 per cent, above June of last year, avlight saving ‘eperating. 508 145% 1454 145% 2 5 5 25| 108% 10%:/. 103\4 2 1 10 1'- T 1% 3214 1% Tk l'A 81% l’w T 1% 318 05103 108 108 o 3 WBRITE oD 2 o oo 5 B0 B 42009 N NI 03 1 i bt B N e 0 » 3 et HRERNEDRw o @ o I 258 118% 1184 8 13 508 g 80 09 O T b 83t =8 508 283 123 54% 46 45% 8 20% 1% 14y 29 65 24% 1% 2l 83 9% 113, 6% 2 12 22% 281a 2% 54t 46 45'3 8 20% 1% 13% 29 14 i i 8%, 80 64 117 2%, 22% 5l% 2 1% 64" IH Y 25% 381 144 * % 2% 2n * N 84 11 30% 1315 10% 3, 674 4 65 24% 118% 14 2% 83 9 113 [ 2 12 22% 284 12% 54% 46 454 8 20% 18 14% 29 258 10115 1015 10143 3 31 268 105 o 23 Femoncnmmmsmmn e e e ees C1T4 19 8l 4 % 214 947 & 201y 9 * 19 4% 1814 31 105 67 814 28% 3% 119 84 31 105 67 814 28% 3% 174 119 815 9% 4 % 21y ) % 18 4’/- 115 115 116 343 1la 35 28 5% 4 348, 14 3% b% THE Stock and 8l Dividend Rate. “Add 00. High, l.n- Close Trans-Lux 120e.. 3 4 W Tung-Sol Lamp.. 8 6% Tung S L pf 80o-. 1 104 Unit GasCorp... 17 Unit Lt & P (A).. 1 UnitL&PpfA . Utd Milk Prod(2) UBFoll B (1) U B & Int] Se U S Rub Reclaim. Unt Ver Ex (b1). Unit Wall Pblsc. Utilities P&L(4). Util P&L pf (d)-. Valspar pf vtc Venezuela Pet... Wag Bak bS0e. . Walker Mining . Wayne Knit Mills ‘Weisbaum t40c.. ‘Well't'n Oil Del_. Weyenburg b20c. Wil-Low C pf(d). Wolverine b40c.... ‘Wright Hars t40o 1 Dividend raf m dullm based or Illl puartly or sei i RUal Fatg—not ineluding - eires, Ae- cumulated dividends, e Paid lait sesr b Paid this year. 300 fu reported a8 being {n bankrup! Tecelverthip, of being nornnlled lmflir the bankruptcy act. or securities assumed by such com- antes. HIGHER NETS DUE ONGRANGERROADS | {Much Larger Wheat Crop Is Expected to Bring Good Prices. pecial Dispatch to The Star. NEW YORK, July 10.—Evidence continues to accumulate that many of the granger roads will report excellent earnings during the coming months, according to Poor's Bond Advisory Service. While unfavorable weather econdi- tions during the next few weeks could dim present bright crop prospects, it seems certain that the 1937 wheat crop will be substantially in excess of the 1936 crop and that relatively good 8 258 1 1 1 N 1 1 T 1 ANDY 31 United stares ] prices will be received for it. A larger total farm income, with farm purchasing power relatively high, should result. This indicates that most of the granger roads should | w obtain increased revenues, not only from the transportation of the larger | crops, but from the inflow of merchan- | dise and manufactured goods which the farmers will be able to buy. “Winter wheat, one of the principal sources of farm cash income and upon which many railroads depend for a | great deal of traffic, is now being s harvested in areas as far north as Southern Illinois and the eastern half of Kansas,” continues the analysis. “Harvesting is well under way in Oklahoma, and about completed in | Texas, except in the Panhandle sec- tion of that State. In some sections of the wheat belt the crop is not yet made, and can still be affected by poor weather conditions and blight. “Allowing for minor damage from blight in areas still to be harvested, |a crop of some 675 million bushels of Winter wheat seems probable, al- though the June 1 Government crop report forecast a 1937 Winter wheat ‘hflr\'&sl of 649 million bushels. This | compares with 519 million bushels in 1936 and an average harvest in the | years from 1928 to 1932 of 643 million bushels. The Spring wheat crop is still uncertain. Unless a disaster oc- curs, a total wheat harvest of well over 850 million bushels for the United States is probable, compared with 626 million bushels in 1936." |GASOLINE PRODUCTION DROPS DURING MAY By the Associated Press. The Bureau of Mines reported yves- | terday the daily average natural gas- oline production for May, 1937, was | 5,403,000 gallons. This is 72,000 gal- lons lower than the 5,475,000-gallon daily average for April, but higher age for the first five months of the year. The only State to show a material increase was Oklahoma. The largest percentage decline was in the Appa- lachian district. Stocks at refineries, plants and ter- minals increased to 251,538,000 gal- lons on May 31, compared with 222,- 264,000 gallons on April 30. Reserve District No. 5. u?oa"roor CONDITION East Washmgton Savings Bank Of Washington. D. C_ at the close of busi- ness on June 30, 183 Cn;fl?:lbnfima Jnprecponse to call made by roller of the Currency. under Sectio; 5211, U. 8. Revised Statutes.) i ASSETS. - Loans and discounts - United * States Govern- ment obligations. di- recy and,or fully guar- anteed 164.252.51 . Other bonds, ities 70,505.00 stocks and $21.- : furniture and $3.805. 26.000.00 Approved cles reserve _agen 268.803.08 . Cash. baiances with other banks. and cash items In JProcess of collec- . Other asdetal> Total assets LIABILITIES. . Demand deposits of in- dividuals. partnerships and corporations Time deposits of in- dividuals. partnerships and corporations . Deposits of other banks, incluaing certified and cashier's checks out- standing Total of items 14 to 18, 40.816.33 7.934.40 -$1,325,132.75 $5.731.14 1,074.767.14 5.864.21 $1,086,162.49 Tota Geposias1 086.162.49 30. Capital accoun Cemmo 238.970.28 Total labilities__$1.325.132.75 UM: Loans and Investments to Becure Liabiliti Govern- ment obligations. di- Iect and/or fully guar- ntee $1,000.00 . Total pledeed (excluding rediscounts) 35. Pled, o For other purposes $1.000.00 Total pledged _ $1.000.00 Dmrm. n' Columbia. ss: WILSON EARNSHAW. treasurer of the aBovermiant Tank, do solemnly swear that the above statement is true to the best of my knowledge and beliet . WILSON EARNSHAW. Sworn to and Jubseribed before me this 8th un! o( July. (Berl) " CI R.!NCEY DONOHOE, Notary Public, D. C Sommission expires Beotember 1. 1937. Correct—Attest M. L AMES A. t $1.000.00 than the 5,314.000 gallons daily aver- | $748,021.38 | EVENING STAR, WASHINGTON, NEW YORK CURB MARKET By private wire direct to the Star. All time shown bel, on which the Exchange is n Bales— Dividend Rate. Add 00. High. Low. Close. CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS NEW YORK, July 10.—~The follow- ing is today's summary of corporation on | news, prepared by Standard Btatistics Co., Inc., New York: Lockheed Aircraft Corp.—Unfilled orders of company reached a new peak this week at $3,370,000. A year ago the backlog stood at $915,000. For the 8ix months ended June 30, 1937, Lock- heed delivered 47 of its twin-engined transports for air line and commercial use. Deliveries for the same period a year ago totaled 14 planes. It was estimated these planes cost on the average of $45,000 each. Sales in the first half, therefore, were indicated to have exceeded $2,000,000. In 1936 sales totaled $2,006,501. Raymond Concrete Pile Co.—De- clared an extra dividend of 25 cents a share and the regular quarterly div- idend of 25 cents a share on the com- mon stock, payable August 2. On May 1, 1937, similar disbursements were made on the common. Nehi Corp.—Declared a dividend of $1 a share on common stock, payable July 31. Last previous distribution on common stock was 15 cents a share, on September 1, 1931, Marine Midland Corp.—Common share earnings, six months ended June 30, were 34 cents, against 37 cents. Crown Drug Co.—June sales were up 0.04 per cent, nine months up 4.39 per cent. Lerner Stores Corp.—June sales were up 3.3 per cent, five months up 9.6 per cent. Kresge, S. 8., Co— June sales were up 3.8 per cent, six months up 6.7 per cent. Montgomery ‘Ward & Co.—June sales were up 22.2 per cent, five months up 29.6 per cent. June, 1937, sales were the largest for any June in company's history. Wal- green Co.—June sales were up 9.1 per cent, six months up 8.9 per cent, Aluminum, Ltd—Declared a divi- dend of $4 a share on account of ar- rears on 6 per cent preferred stock and regular quarterly dividend of $1.50 a share on this issue, both payable September 1. On June 1, 1937, a div- idend of $3.75 a share was paid on account of arrears. Giving effect to current distribution, accumulations on 6 per cent preferred stock amounted to $20 a share. Aluminum Co. of America—It was announced in connection with sign- ing of new agreement with T. V. A to purchase over $1,500,000, worth of power annually that company planned a $15,000.000 expansion program at its Alcoa, Tenn., plant. It was stated that present force of 5,000 employes would be doubled. Dome Mines, Ltd.—Value of pro- duction, including premium in June, totaled $650,614, against $550,523 in June, 1936. In six months total was $3,760,284, against $3,389,101. Homestake Mining Co.—Declared a dividend of 37'; cents a share on new $12.50 par stock, payable July 26. On June 25, 1937, an initial dividend of like amount was distributed on this issue. American Car & Foundry Co.—Pres- ident informed stockholders at the annual meeting that on July 1, 1937, unfilled orders of company totaled $27,338,000, compared with $22,166,- 000 on July 1, 1936. Phillips Packing Co.—Company re- opened two of its factories at Cam- bridge, Md., closed since June 23 by a strike. It was announced company is granting a 10 per cent increase in minimum wages, but that no union was recognized. McCrory Stores Corp.—June sales Reserve District No. 8. REPORT OF CONDITION OF THE McLachlen Banking Corporation, ©Of Washington, Distriet of Columbia. at the close of business on June 30, 1937 (Published in response to eall made by Comptrolier of the Currency. under Section 5211, U. 8. Revised Statutes.) ASSETS. 1 Loans and discounts ....$2.366.221.33 Overdr 809.36 4 Biates Goverament izations, direct and/ 765,183.14 Banking house. 338988 86 Purniture fixtures, 366,147.21 106,136.07 16.050.00 790010.71 " banks. and cash items m process of collection ... . OCash iteme not in process 866,655.90 31.43 66.203.73 Total Assets tres.35,660,653.08 LIABILITIES, . Demand deposits of indi- viduals, partnerships, and corporations $2,570,088.09 viduals, partnerships, and corporations certified cashier's checks standing r nvestments .. (b) ot se- 27, Toterest, taxes, And obher Spmeen sccrued and wn- 8. Diviacnds decinred bit bo yet pavable and amounts st asids for interest on debentu: 20. Sther Tabilitie 30. Capital account Class A deben- S re 145 B Gehenture, 350, 000. i .167; 50'33'"‘ 'msooooo Tnd profits—net. 40,625.08 serves contingencies .. 34.224.3¢ D e b enture king f\lhd .. 10.378.00 “rore1 Capitai Acoount. 824.324.42 Total Lisbilities ... .$5.650,653.08 Memorsndum: Pledged to Becure u-bmzm Governmen 12,800.00 M. Total Pledged _(ex. cluding Mllammtl) $12,500.00 3,000.00 (x) For other purposer. To secure Clear! House Association. ... 1,000.00 $12,500.00 I D of Columbia, s&: i,rfm:l}mlmn MCLACHLEN, cashier of the' above-named bank, do solemnly swear that the above statement is true to the Dbest of my knowldege and belief. ARCHIBALD MCLACHLEN, ter. Sworn to and subscribed Detore me. this oth_dey of July, (Beal) . C. GUERTLER. Notary Publie, D. €. Attest: P. MeLACHLEN, Lo KOSiRasiE, JORN A. EL A e, EDWIN H. ETZ, D. C, were off 3.3 per cent, six momths up 3.9 per cent. Fairchild Aviation Oorp—~Unfilled orders of this company as of May'31, 1937, were $1,197,519, against $873,500 on same date in 1936. General Electric Co.—Orders re- ceived in three months ended June 30 totaled $111,518,580, sagainst $77.-| 388,718 in like 1936 period. In six/ months total was $217,265,619, against, SATURDAY, JULY 10, 1937. up 0.4 per cent, six months up 5.1 per cent. Oppenheim, Collins & Co.—Declared & dividend of 50 eents a share, payable July 26. Previous payment was 25 cents a share on February 15, 1932. Penney, J. C., Co—June sales were up 3.6 per cent, six months up 8.9 per cent. Pacific Mills—It was said this com- pany, in view of extreme slackness in $136,968,597. Orders received in three- | new business, is closing all cotton and month period of 1937 were the largesti| rayon weaving mills except smali Ly- since third quarter of 1929, while six- | man, 8. C, unit. Worsted unit at month period of 1937 compared with,| Lawrence, Mass,, is running on normal record of $220,716,456 in first half of | schedule. 1929, ‘h‘Mnket Street Ry.—Prior preference Allled Interna ting Corp. re earnings, 12 months ended May —Declared a fli}&:;hn;:“wmmu a)| 11, were 85 cents, against $1.37, share on account of accumulations on $3 convertible preferred stock, payable August 1. Similar payment was made February 1, 1837, giving effect to cur- rent distribution. Arrears on this is- sue amounted to $16.15 a share. Lane Bryant, Inc.—June sales were Charter No. 3425. Newsboys Earn $100,000,000. Newspaper boys of the country earn more than $100,000,000 & year at an occupation which dces not interfere with their schooling or their health. Reserve District No. 5. REPORT OF CONDITION OF THE National Bank of Washington Of Washington, In the District of Columbis, st the close of business on June 30, 1937. (Published in response to call made by Comptroller of the Currency, under Bection 5211, U. 8. Revised Statutes.) 1. Loans and discounts. 2. Overdrafts . 3. United States Government obligations, direct and/or fully guaranteed 4. Other bonds, stocks, and securities_ 6. Banking house, $423,004.00; furniture and nxtures ;sx 949.59, 7. Real estate owned other than banking house 572,200.00 8. Reserve with Federal Reserve Bank. - 1,489,606.41 9. Cash, balances with other banks, and cash items in process of collection - 1,394,850.03 . Cash items not in process of collection. 1,074 45 -811,104,665.96 3,404,059.38 218,735.50 484,953.59 Total assets LIABILITIES. . Demand deposits of individuals, partnerships, and corpora- tions . Time deposits of individuals, partnerships, and eorporluom . Deposits of other banks, including certified and ecashi checks outstanding._ Total of items 14 to 18, inclusive (a) Secured by pledge of loans and/or investments e (b) Not secured by pledge of loans and/or investments $5.012 920 82 3,781,042.18 544,639.67 $264,931.34 9,073,680.33 (c) Total deposits 338,611.67 . 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: Common stock, 10,500 shares, par $100 per share _ Surplus . Undivided profits—net. Reserves for contingencies.. 17,379.58 31,500.00 40.60 $1,050,000.00 $460,000.00 167,134.11 40,000.00 Total capital accounty. 1717,134.11 ----8$11,104,665.96 MEMORANDUM: Loans and investments pledged to secure liabilities: 31. United States Government obligations, direct and/or fully guaranteed . Total liabilities.. $590,330.72 34. Total pledged (excluding rediscounts) 35. Pledged: (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. $590,330.72 $99,791.66 220,000.00 269,539.06 1,000.00 (h) ‘Total pledged. $500,330.72 City of Washington, District of Columbia, ss: 1, 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 bellef, RUTHERFORD J. DOOLEY, Cashier. Sworn to and subscribed before me this 9th day of July, 1937, (Seal) 8. J. COSIMANO, Notary Public. Correct—Attest: J. FRANK WHITE, JAS. TRIMBLE, G. W. FORSBERG, LOUIS M. DENIT, MORRIS E. MARLOW, CHAS. SCHAFER, JOHN ED. CAMMACK, W. CLARENCE MILLER, G. N. EVERETT, ARTHUR MAY, ODELL 8. SMITH, Directors. Charter No. 4247. Reserve District No. 5. REPORT OF CONDITION OF THE LINCOLN NATIONAL BANK ©Of Washington, D. C., at the close of business on June 30, 1937. (Published in response to call made by Comptroller of the Currency, under Section 5211, U. 8. Revised Statutes.) ASSETS. 1. Loans and discounts 2. Overdrafts 3. United States Government obligations, direct and or fully guaranteed ____ . Other bonds, stocks, and securities. .. . Banking houses, $330,692.89; furniture and fixtures, $38,455.37 . Real estate owned other than banking house. . Reserve with Federal Reserve Bank. . Cash, balances with other .banks, and eash items of collection..... . Other assets_. 962,879.88 1,602,873.02 369,148.26 248,080.61 1,362,799.67 2,755,549.66 13,315.51 b YT AR R S e S—— (B[ X)) . Demand deposits of individuals, partnerships, and corpora- - $5,495,606.07 . Time deposits of individuals, partnerships, and corporations_. 3,880,727.09 . State, county, and municipal deposits_.. 3.637.61 . United States Government and postal savings deposits_ 15,673.93 . Deposits of other banks, including certified and cashier’s checks outstanding Total of items 14 to 18, inclusiv (a) Secured by pledge of loans and/on investments (b) Not secured by pledge of loans and/or investments __ 548,650.36 $90,492.61 .......... eem--- 9,853,811.45 (c) Total deposits._ - $9,044,304.06 . 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: Common stock, 4,000 shares, par $100 per share, Surplus .. Undivided pronw—net___..__.. ......... o 3,955.00 16,000.00 29.35 $400,000.00 400,000.00 404,964.59 ‘Total capital account. - 1,204,964.59 b (TR R —— i sl i $11,169,263.00 MEMORANDUM: Loans and investments pledged to secure liabilities: 31. United States Government obligations, direct and/or fully guaranteed 32. Other bonds, stocks, and securities. $240,325.63 80,258.75 3. Total pledged (excluding rediscounts) $320,584.38 35, Pledged: (a) Against United States Government and postal savings deposits (c) Against deposits of trust departmen! (f) With State authorities to qualify for the exercise of fiduciary powers. (g) For other purposes. $50,000.00 158,258.75 111,325.63 1,000.00 (h) Total pledged. - -cocecueemaan-n e e District of Columbia, 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 bellef. JAMES A. SOPER, Cashier. Sworn to and subscribed before me this 9th day of July, 1937. (Seal) EVERETT H. PARSLEY, Notary Public. Correct—Attest: CHARLES W. BOLGIANO, GEORGE 1. BORGER, WILLIAM W. BRAWNER, FLOYD E. DAVIS, ALBERT 8. GATLEY, FRANKLIN W. HARPER, HOWARD R. NORTON, A $320,584.38 HENRY T. OFFTERDINGER, JOHN SAUL, FRED A. SMITH, ‘W. McK. SsTOWELL, CHANNING 8. WALKER, 'WILKINS, HOWARD L. A FINANCIAL. * A—13 Reserve District N REPORT OF CONDITION OF il Union Trust Company of the District of Columbia Of Washington, in the District of Columbia, & member of the Fedesal Reserv Bystem, at the close of b\mlnem on June 30, 1937, y (Published in accordance with & call made by the Peders! Reserve Bank of this district or. & date fixed by the Board of Governors of the Federal Reserve System pursuant to ti:e provisions of the Federal Reserve Act.) ASBETS. Loans and discounts....eeeee-.... Overdrafts _ United States Government obligations, direct and/or rully guaranteed Other bonds, stocks, and securities_ Banking house, $1,714,786,23; furniture an xtures, $147,; 240 Real estate owned other than banking house. Reserve with Federal Reserve bank Cash, balances with other banks, and cash items in process of collection - $2,726,049.57 559.01 -e- 3,401,536.11 1,880,805.63 1,862,026.23 1,002.964.18 1,588,751.01 1,148,723.86 130,445.98 Demand deposits of individuals, patmersmps, and corpora- tions - $6,325423.63 . Time deposits of individuals, partnerships, and corporations 4,152,135.30 Deposits of other banks certified and officers’ checks out- standing, etc. ‘Total of items 14 to 18, inclusive Becured by the pledge of loans and/or investments Not secured by the pledge of loans and, or investments 250,142.78 $627,666.42 10,100,035.27 Total deposits .. $10,727,701.69 . Interest, taxes, and other expenses accrued and unpaid.... 65,048.18 . Other liabilities 187.75 . Capital account: Common stock, 20,000 shares, par $100 per share _ Surplus Undivided profits—net ___ Reserves for contingencie: -$2,000,000.00 500,000.00 511,623.12 27,290.82 Total capital account, 3.038,913.04 Total, including capital account........... R — $13,831,861.56 MEMORANDUM: Loans and Investments pledged to secure liabilities: 2. United States Government obligations, direct and/or fully guaranteed $1,618441.24 35. Total pledged, excluding rediscounts....... 36. Pledged: Against deposits of trust department. Against other deposits. = With State authorities to qualify for the exercise of fiduciary powers .. For other purposes.. emmeme--- $1,618441.24 - $1,000,000.00 100,000.00 517.441.24 1,000.00 Total. pledged .. $1.618 44124 I, 8. WILLIAM MILLER, treasurer of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief, S. WILLIAM MILLER, Treasurer, Correct—Attest : ORD PRESTON, GEO. E. FLEMING, EDWARD L. HILLYER, GEORGE E. HAMILTON, GEORGE E. HAMILTON, Jr, D. J. KAUFMAN, Directors. District of Columbia, ss: Sworn to and subscribed before me this 8th dav of July, 1937. (Seal) J. DUTTON WAINWRIGHT, Notary Public, D. C. My commission expires October 1, 1939. Report of an Affiliate of a bank which is a member of the Pederal Reserve System, published in accordance with the provisions of the FPederal Re- serve Act. Report as of June 30, 1937, of THOMAS J. FISHER AND COMPANY, INCORPORATED, 738 15th Street N.W., Washington, D. C. which is affiliated with Union Trust Company of the District of Columbia, ‘Washington, D. C. Kind of business: Real estate, loans and insurance. Stock acquired for the purpose of establishing a real estate department. Manner in which above-named organization is affiliated with member bank, and degree of control: By stock ownership. The Trust Company holds 1,010 shares of 2,000 issued. Financial relations with bank: Stock of affiliated bank owned, none. Loans to affilated bank, none. Borrowings from affiliated bank, none. 8tock of affiliate registered in name of bank or known %o be owned by bank directly or indirectly, par value $101,000. Other obligations 10, or known to be held by, affiliated bank, none. Osher information necessary to disclose fully relations with bank: None. & L. MILLER, president of Thomas J. Fisher and Company, Incorporated, do solemnly swear that the abowe statement is true, to the best of my knowledge and belief. WILLIAM L. MILLER. Sworn to and subsoribed before me this9th day of July, 1937. (Beal.) FRANK 1. GREENWALT, Notary Public. Charter No. 2038. Reserve District No. 5. REPORT OF CONDITION OF THE SECOND NATIONAL BANK Of Washington, in the District of Columbia, at the close of business on June 30, 19377, (Published in response to call made by Comptroller of the Currency, under Section 5211, U. 8. Revised Statutes.) ASSETS, $2,560,570.75 S—— 1,379.61 3. United States Government obligations, direct and/or fully guaranteed ... 4. Other bonds, stocks, and securities. 6. Banking house, $807,899.67; furniture and fixtures, $5 7. Real estate owned other than banking house. 45,398.50 8. Reserve with Federal Reserve Bank. - 1,055,500.67 9. Cash, balances with other banks, and cash items in process of collection. | 13. Other assets ... 2,848,320.31 627,393.88 866.565.14 971,367.04 35,663.62 Total assets. - $9,011,059.52 LIABILITIES. 14. Demand deposits of individuals, partnerships, and corpora- tions - $4,516,003.68 15. Time deposits of individuals, partnerships, and corporation: 3,085,313.19 18. 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 loans and/or investments 416,649.66 $1,024,578.89 6,993,387.64 (c) ‘Total deposits $8,017,966.53 27. Interest, taxes, and other expenses accrued and unpaid 28. Dividends declared but not yet payable and amounts set aside for dividends not declared.. 29. Other liabilities 30. Capital account: Class A preferred stock, 2,41623 shares, par $60.00 per share, retirable at $60.00 per share; common stock, 7,500 shares, par $60.00 per share. 6,940.91 1,812.50 12,622.58 $585,000.00 205,000.00 156,076.23 15,631.77 Undivided profits—net. Preferred stock retirement fund. 971,708.00 e oo —mmmemeeeeee-a 9,011,059.52 Total capital account.. Total liabilities. MEMORANDUM: Loans and investments pledged to securs liabilities: 31. United States Government obligations, direct and/or fully guaranteed - $1,217,851.56 32. Other bonds, stocks, and securities 150,203.50 34, ‘Total pledged (excluding rediscounts)..--eeeceeeee.... $1,368,055.06 35. Pledged: (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. $99,612.50 1,108,676.94 158,765.62 1,000.00 (h) Total pledged District of Columbia, ss: I, FRED S. BEYER, cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. (Signed) FRED 8. BEYER, Cashier. Sworn to and subscribed before me this 9th day of July, i837. (Seal) JOHN F. P. BYRNE, Notary Public. Correct—Attest: V. B. DEYBER, JOHN A. REILLY, WM. M. HANNAY, FRED DREW, JACOB BCHARF, IS $1,368,055.08 W. R. WINSLOW, A. H. PLUGGE, WM. B. WOLP, ¥. W. MacKENZIE, Directors.