Evening star. [volume], March 21, 1936, Page A-15, Image 15

About Evening star. [volume] (Washington, D.C.) 1854-1972

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Fading War Scare and
Large Acreage Reports
Bring Price Recessions.
BY JOHN P. BOUGHAN,
Associated Press Market Editor.
CHICAGO, March 21—Conforming
to the pit’s latest epigram, "There’ll
be no war in Europe soon except a
war of words." bread material prices
at present are lower.
Adding to bearish sentiment as to
wheat are trade reports emphasizing
the large acreage seeded in United
States Winter crop territory and the
favorable outlook for the crop taken
as a whole.
These reports also assert flour buyers
are slow to take hold, except for im
mediate requirements, and suggest it
will be possible to obtain flour nearly
$1 a bushel cheaper before many
mnntht
Declines Revealed.
Compared to a week ago wheat
this morning was down l58-338 cents
a bushel, rye and oats also 2 cents
to 23s off, with corn at lVi-l’z de
cline. but provisions 17 to 32 cents
higher.
Around 70.000.000 acres of all wheat.
Including the Spring crop, mav be
seeded in the United States for this
year's harvest, based on official esti
mates, the third largest on record.
It is pointed out, however, that a
wide difference exists between the
seeded and the harvested acreage.
The fact nevertheless remains that no
more than the average amount of
Winter killing of wheat has yet been
reported.
On the other hand, an additional
*eek of dry weather over most of
the hard Winter wheat belt gives stress
to need of rain there. Meanwhile
disastrous floods In Eastern valley
sections are reported to have done
much damage to Winter crops.
Drought Reports Studied.
Bulls assert that the drought sit
uation West and Southwest affects a
wider area than last year and. unless
rains come soon, will be a big market
factor.
Relative firmness of com is at
tributed to the fact that the visible
supply continues yet about the small
est known for this time of year. Oats
are being shipped in very freely,
despite the meager returns netted by
growers.
Provisions owe their strength largely
to asserted likelihood of more fa
vorable export trade In lard.
NEW YORK BANK STOCKS
NEW YORK. March 21 (Ab.—New York
Becurity Dealers' Association:
... Bid. Asked.
Ic of Man (112)____ *’9*4
ankers Tr (2KZZZZZZ Z 63'J
Cen Han Bk A Tr (4).113 llrt
Chase Nat (140'_ „ 4n 4,'»
Chem Bk a. Tr (1.80)_ 58'j 60',i
Commercial (6)_162 iss
Cont Bk A Tr (.80)_ 1ft »oii
Corn Ex Bk A T (3)- 63Vi 64'i
Empire Tr(li_ _ 23'a "41,
First Nat 'Bos' (2)_ 46 48
First Natl (100)_2025 2065
Guaranty Tr ' 12)_ 205 300
Irving Tr (.60)_ 16>i lT'i
Manufact'rs Tr (lai__ 40'- 51',- 1
Nay City (!)-:: 3rt 38 * I .
K Y Trust '5)_115 ii fi
Public fl’j)_ 4,.’i2 1 4 41 ah
Title G A T____ ii v| il'j 1
*—Including extras.
U. S. TREASURY POSITION.
By the Associated Press. .
The position of the Treasury March 10: i
expenditures. ]
S21 564.283.43: balance. $2,886,833 -
043.4^ customs receipts for the month, j
i Receipts for'the fiscal year (since July
V $2 869 120.280.35 expenditures. $5 -
01.2P6.P.1. .85 (including 82.298.438.- •
80 43 of emergency expenditures': excess
ef expenditures. $2 232.167.647.50: gross
debt_531 442.520 2R4 63 a decrease of i
53.0.2.33 ..75 under the previous day:
gold assets. $10,173,539,446,41. j
TIN EXPORTS DECLINE.
NEW YORK. March 21 Tin
exports by the five leading producing
countries during February amounted
to 10.200 tons, against 11.634 in Janu
ary. the International Tin Research 1
and Development Council reports.
Ih =
New York Cotton
By tho Associated Press.
NEW YORK, March 21.—Cotton fu
tures opened steady, 3 higher to 3
lower, with trade buying of the old
crop months and foreign selling of
the new crop. March, 11.41; May,
11.02; July, 10.65; October, 10.22; De
cember, 10.20; January, 10.23.
Pool brokers were credited with sell
ing March at the opening, which
checked the advance in the old crop
positions.
There also seemed to be some selling
of later months by the trade attribut
ed to hedging and against recent pur
chases of spot cotton from the pool.
The market held fairly steady at
the end of the first hour with active
months about net unchanged to 3
points higher.
The outline of the new farm pro
gram was read carefully in the trade,
but was not generally considered an
immediate market factor. Traders
both here and in Liverpool seemed to
be awaiting some Indication as to its
effects in the South.
Liverpool cables reported a small
market there with some Bombay sell
ing and liquidation taken by trade
calling.
Futures closed iteidy. 1»10 hither.
,, . Open. High. Low Last.
March __ 11.41 11.41 11.30 11.41
May-11.OS 11.05 lO.ftfi 11.05
July-10.65 10.72 10.63 10.72
October . in.22 10.25 10.22 10 23-04
December 10.20 U) 25 10.20 10.24-25
January.. 10.23 Jo.26 10.23 10.26
Spot steady; middling. 11.46.
Liverpool Quotations.
„ LIVERPOOL. March 21 UP).—Cotton. 0 -
non bales: American nil. Spot quiet:
prices 2 points lower. Quotations in pence:
American, strict good middling. 7.02; good
middling. 6.72; strict middling. 6.52:
niiddllrg. 6.32; strict low middling. 6.15;
low middling. 5 90: strict good ordinary.
5 TO: good ordinary R.4«». Futures closed
steady. March 6.04: May 5.91; July.
^•TS; October, 5.51; December. 6.46;
January. 5.46.
RUBBER FUTURES.
NEW YORK. March 21 (JP).—Crude rub
ber futures closed easy. 2 higher to 4
lower. March. 16.03a: May. 16.05b: July.
16.12al5. Smoked ribbed spot. 16.06n.
a—Asked, b—Bid. n—Nominal.
NEW YORK BAR SILVER.
NEW YORK, March 21 Bar
silver nominal; no quotation.
STATEMENT OP THE CONDITION
OP THE
Rhode Island Insurance
Company
Of Providence Rhode Island, on the 31st
lay of December. 1835. as required under
Section 647 of the Code ol Law for the
District of Columbia.
INCOME.
“let premiums_$1,621 861.84
rotal interest and rents_ 105.73R.33
Dther income_ 122.859.98
Total Income_.$1,850,260.15
DISBURSEMENTS,
s'et amount paid policy
holders for losses_ $583,534.66
U1 other disbursements_ 1.081.896.16
Total disbursement!_$1,665,430.82
ASSETS
Sonds and stocks_J...$3.119 S49.P5
Hash in company's office_ 18,104.32
Deposits in banks_ 386.126.43
tgents' balances_ 372.557.44
Interest and rents due or
accrued _ 16.170.50
111 other assets_ 75.174.00
Gross assets_$3,985,982 64
Deduct assets not admitted_ 313.542.91
Total admitted assets_$3,672,439.73
LIABILITIES.
4et unpaid claims_ $107.312 00
Petal unearned premiums_ 1.570,165.55
Dther liabilities_ 141.903.80
Dapltal paid up __ 1,000.000.00
Surplus over all liabilities_ 853.058.38
Total _.$3,672 439.73
NET PREMIUMS WRITTEN DURING
THE YEAR.
Dist. of
Total. Col.
'ire _51 2*0.923.29 58.951.22
.lotor vehicles . 215.970.28 1.782.41
larthquake_ 1.559.30 _
nland naviea
tlon and
t r a n spolia
tion _ 33.078.03 64.86
rornado. wind
storm and cy
clone _ 84 105.02 238.82
iprinkler leak
age _ 3.276.06 2.25
Hot. civil com
motion and
explosion_ 2.949.86 1.34
Totals —$1,621,861.84 511.038.02
BYRON S. WATSON.
President.
ROBERT C. WEIGEL.
Secretary.
Subscribed and sworn to before me this
>th day of February. 1036.
(Seal.) FRANCIS W HOPKINS.
Notary Public.
TOBACCO SIGN-UP
DRIVE WILL START
By the Associated Press.
RALEIGH, N. C„ March 21.—North
Carolina’s voluntary tobacco sign-up
drive, aimed at reducing the 1936
crop, will begin Monday.
Contracts that will bind growers
not to plant more than 70 per cent
of their base acreage in flue-cured
type tobacco have been printed and
today were being delivered to farm
agents.
The Intensive campaign will not
begin, however, until the middle of
next week after the county agents
attend a conference at North Caro
lina State College here to discuss the
new soil conservation program. A
series of mass meetings will be held
in 95 counties, beginning Tuesday,
for explanation of the soil conserving
and tobacco programs to farmers.
Gov. Ehringhaus said all Governors
of tobacco-producing States except
Gov. Eugene Talmadge of Georgia
had Joined him in requesting Presi
dent Roosevelt to allocate $50,000,000
under the soli conservation set-up for
tobacco areas to Induce farmers to
plant other crops.
U. S. TREASURY NOTES.
(Reported by Chas. D. Barney & Co.)
Rate—Maturity. Bid. Offer.
2’n Apr. 15. ';16_ 100 4-32 100 6-32
1>» June 15. ’36— 100 26-32 100 28-32
3'is Sue. 1. '36.. 101 16-32 101 18-32
I'aS 8ent. 15. 36— 1013-32 101 5-32
7345 Dec. 15. '36— 102 0-32 102 11-32
3s Feb. 15. '37.. 107 27-32 102 20-32
3s Apr. 15. '37.. 103 0-37 103 11-37
3*45 Sent. 15. '37_ 104 22-32 104 24-32
25»S Feb. 1. MS.. 104 16-32 104 18-32
3s Mar 15. MS— 105 1*1-32 105 18-32
2’«* June 15. '38— 105 17-32 105 19-32
2'48 Sept. 15. '38— 104 25-32 104 27-3$
1'aS Mar. 15, '30— 101 70-32 101 31-32
2'«s June 15. MO.. 103 75-32 103 27-32
l%s Dec. 15. MO_1010-32 10111-32
1*aS Mar. 15. '40— 10131-32 102 1-32
l‘js June 15. '40_101 14-32 101 16-32
I'aS Dec. 15. '40_1017-32 1010-32
1'aS Mar. 15. '41._ 1*116-32 1018-32
METAL MARKET.
NEW YORK. March 21 ()P>.—Copper
quiet; electrolytic spot and future. 0 25a
9.50; export 9.05. Other metals nomtnal
ly unchanted.
Reserve District No. 5.
REPORT OF CONDITION
OP
The East Washington
Savings Bank
Of Washington. D C . at the close of
business on March 4. 1036.
(Published In response to call made by
Comptroller of the Currency, under
Section 5C11, U S Revised Statutes*.
ASSETS
1. Loans and discounts_ $624,826.43
3. United States Govern
ment obligations di
rect and/or fully guar
anteed ___ 134.291.20
4. Other bonds, stocks and
securities _ 37.107.50
6. Banking house. $21.
104 79; lurniture and
fixtures, 83.805.21_ 25.000.00
7. Real estate owned other
than banking house_ 11.185.56
8. Reserve with approved
reserve agencies_ 262.760.99
9. Cash, balances with other
banks and cash items
in process of collection 13.913.49
13. Other assets____ 1.782.76
Total assets_.81.111.467.93
LIABILITIES.
14. Demand deposits of In
dividuals. partnerships
and corporations_ $11,419.55
15. Time deposits of Individ
uals partnerships and
corporations_ 880.327.79
18. Deposits of other banks
Including certified and
cashier's checks out
standing _ 944.29
Total of Items 14 to 18.
inclusive:
(b) Not se
cured by
pledge of
loans
a n d/o r
1 n v est
ments .$892.691 63
40 Total
deposits.$892.691.63
19. Other liabilities_ 11.92
10. Capital account:
Common
stock. 10
Ooii shares.
par $10 per
share_$100,000.00
Surplus_100.000.00
U n d 1 v 1 d ed
pro fits —
net - 18.764.68
Total capital ac
count ___ 218.764 68
Total liabilities __-81.lll.467.93
District of Columbia, ss:
, I. S. WILSON EARNSHAW. Treasurer of
:he above-named bank, do solemnly swear
:hat the above statement is true to the
jest of my knowledge and belief
S. WILSON EARNSHAW.
_ Treasurer.
Sworn to and subscribed before me this
19th day of March. 1936.
'Seal.) ELIZABETH S. GLADMAN.
_ .... Notary Public.
Correct—Attest;
H. H McKEE.
JAMES A DONOHOE.
WM. N. PAYNE Jr.
___Directors.
Washington Produce
s_
—SETTER—Range of prl««* to store*
tethered from wholesale dealers (price* to
nearby shippers based on Philadelphia and
NewPrices): One-pound prints, car
ton (92 score). 34: one-pound prints: car
ton (90 score). 33; ‘5-pound prints, carton
(»2 acore). 35: V«-pound print*, carton (90
score). 34; tubs (93 score), 33; tubs 90
score), 32.
Prices by the United States Bureau of
Economics'
EGOS—Market Arm on Government
graded eggs and >4 hither; other grades
unchanged: current receipts. 17*18; hen
nery whites. 18*19; Government traded
and dated white eaga i Including grading
and marketing costs); U. S. extras, large,
24; U. S. extras, mediums, 22; U. S.
standards, large. 23.
LIVE POULTRY—Market quiet at un
changed values; fowl, colored, heavy, 20a
22: Leghorns. 17*19; roosters. 12*14:
chickens, Plymouth Rock broilers. 23*24;
lrvers and roasters. 2Sa26; Leghorn, broil
ers. 20e21; mixed color. 18*20; espons.
heavy. 28; light. 25; slips. 22; turkeys,
young hens. 25; young toms, 18a20.
foreign markets.
PARIS. March 21 (4h.—Practically the
entire list. Including rentes, weakened in
the Bourse today, owing to pessimism over
the European outlook. The closing tone
'Liverpool trading in wheat futures was
narrow, with light selling early on pressure
or nearby Australian offers and cheaper
Canadian wheat. Price* rallied later on
CO,Cotton futures closed steady, trader*
•waiting European developments and the
South's reaction to the farm program.
LONDON.—Closed.
STOCK TO BE REDUCED.
NEW YORK, March 21 (4s).—The
New York Stock Exchange has received
notice from International Telephone
& Telegraph Corp. of a proposed re
duction in capital represented by out
standing capital stock from $33.33 Va
per share to $20 per share.
Reserve District No. o.
REPORT OF CONDITION OF THE
MUNSEY TRUST COMPANY
Of Washington. In the District of Columbia,
at the close of business on March 4. 19.16.
(Published in response to call made br
Comptroller of the Currency, under Sec
tion 5211. U. S. Revised Statutes.)
ASSETS
1. Loans and discounts-$2,151,567.25
2. Overdrafts - 9.40
3. United Slates Govern
ment obligations, di
rect and/or fully guar
anteed _1.088.500.00
4. Other bonds, stocks and
securities -2,o28.1O0.22
8. Reserve with approved
reserve agencies- 1.265,053..4
9. Cash balances with other
banks, and cash items
in process of collec
tion __2,084.144 14
13. Other assets__ 34.889.50
Total assets——.--$9.162,290.25
LIABILITIES.
14 Demand deposits of In
dividuals partnerships
and corporations_$3,524,468.24
IS. Time d e o o s 1 t s of In
dividuals. partnerships
and corporations_ 2.213,573.50
18. Deposits of other banks,
inducing certified and
treasurer s checks out
standing - 31.519.54
Tc>al of items 14 to 18,
inclusive:
lb > Not se
cured by
fledge of
o a n s
and r or
invest
ments_$5,769,561.28
(c> Total
deposits .$5,769,561 28
27 Interest, taxes and other
expenses accrued and
_ unpaid- 20.337.43
28. Dividends declared, but
not yet payable and
amounts set aside for
dividends not declared 50.000.00
30. Capital account:
Common stock. 20.000
shares, par $100 per
share_$2,000,000.0(1
Surplus __ 1,009.100.00
U n divided
profts —
net_ 193.601.54
Reserves
for contin
gencies_ 103.600.00
Total capital account. 3.306.361.54
Total liabilities_.$9.152,260.25
MEMORANDUM: Loans and Investments
Pledged to Secure Liabilities.
11. United States Govern
ment obligations, direct
and/or fully guaran
teed - $501,000.00
14. Total pledged (excluding
rediscounts) - $501,00000
35. Pledged:
<f> With State authori
ties to qualify for the
exercise of fiduciary
powers - $500,000.00
<«( For other purposes.- 1.000.00
th) Total pledged_ $6ol.000.00
District of Columbia, ss.t
I. C H POPE. Treasurer of the above
vamed bank, do solemnly swear that the
tbove statement is true to the best of my
tnowledge and belief.
C. H POPE
_ Treasurer.
,„Sworn to and subscribed before me this
10th day of March 1H36.
(Seal.) MARY D BATSON.
.. Notary Public.
My commission expires October 1. 1940.
Correct—Attest
ALFRED P THOM Jr .
ARTHUR G LAMBERT.
CHARLES B. HAWLEY.
Directors.
United Airlines
Reduces Deficit
Sharply in Year
By the Associated Presi.
CHICAGO. March 21.—The United
Air Lines Transport Corp. reported
1935 net loss of $1,392, compared with
$2,283,525 In 1934. The !oss per share
of capital stock was lJ/3 mlUt, com
pared with $2.19 the previous year.
The deficit, W. A. Patterson, presi
dent, said, was partially due to the
Inadequate rate of pay for carrying
air mail, United receiving 12 per cent
less in 1935 than in 1934.
Passenger and cargo revenue in
creased 22 per cent to $8,283,100, and
new records for passenger-miles, mall
and express were established.
NEW YORK PRODUCE.
NEW YORK. March 21 «!.—Eggs. 21.
71B; unsettled. Mixed colors: Standards
and commercial standards. 20>Aa21'/*:
firsts. 19V«; mediums. 40. pounds. 18V«:
dirties. No. 1. 42 pounds. X8V«; average
checks 17>/«; other mixed colors un
changed.
Butter. 3.899: weak. Creamery, hlghei
than extra. 303ea.'ll'^: extra (92 score),
30V4: flrsta (89-91 scores). 293ia30'/»;
centralized <90 score). 30.
Cheese. 88.088: aulet. Prices unchanged
Live • poultry firm. By freight: A1
prices unchanged. By express: Chickens
21 V«; other prices unchanged.
Dressed poultry steady to easy. All
fresh and frozen prices unchanged.
Charter No. 8. Reserve District No. 6
REPORT OP CONDITION
rnr tub
Industrial Bank of
Washington
Of Washington. D. C.. at the close ol
business on March 4. 1936.
(Published in response to call made bi
Comptroller of the Currency, under
Section 6211. U. S. Revised Statutes.)
ASSETS
1. Loans and accounts’_$101,723.61
2. Overdrafts _ 1.81
3. United States Govern
ment obligations, direct
and/or fully guaran
teed _ 63,253.41
4. Other bonds, stocks and
securities_ 118.793.71
6. Banking house. *38.269.11;
furniture and fixtures,
fixtures. S3,000_ 41.209.11
8. Reserve with approved re
serve agencies_ 70.558.5C
9. Cash, balance with other
banks and cash items in
process of collection_ 26,848.41
10. Cash items not in process
of collection_ 389.0(1
13. Other assets_ 190.28
Total assets_S423.028.08
LIABILITIES
14. Demand deposits of in
dividuals. partnerships
and corporations_5184 571.59
15. Time deposits of individ
uals partnerships and
corporations _ 133.833.03
17. United States Government
and postal savings de
posits _ 28.000.00
18. Deposits of other banks.
including certified and
cashier's checks out
standing _ 2.468.00
Total of items 14 to 18.
inclusive:
(a> Secured
by pledge
of 1 o a ns
and or in
vestments. *24,833.57
(bi Not se
cured b y
Fledge o f
o a n s
and/or in
vestments. 324039.65
(c) Total
deposits.*348.873.22
29 Other liabilities_ 171.93
30 Capital account:
Common stock.
5 000 shares,
par *10 per
share_S50.000.0(1
Surplus_ 15.000.00
Undivided profits
—net _ 8.982.93
Total capital account. 73.982 93
Total liabilities_*423.028.08
MEMORANDUM: Loans and Investments
Pledged to Secure Liabilities.
31. United States Government
obligations direct and or
fully guaranteed_*36.101.00
32. Other bonds, stocks and
securities_ 13.185.00
34. Total pledged (excluding
rediscounts)_*49.286 00
35. Pledged •
• <a> Against United States
Government and postal
savings deposits__ *23.228.75
(di Against other deposits. 9,907.75
(g) For other purposes_ 16.149.50
'hi Total pledged_549.286.00
Washington District of Columbia, ss:
I. B DOYLE MITCHELL, cashier of the
above-named bank do solemnly swear that
the above statement is true to the best of
my knowledge and belief.
B. DOYLE MITCHELL.
Cashier.
Sworn to and subscribed before me this
19th day of March. 1936
(Seal. I OTIS S BOYD.
Notary Public.
Correct—Attest
JESSE H MITCHELL.
W. H C. BROWN
TALLEY R. HOLMES.
Directors.
— ■ .. —■ - ' - .1
Buy—
Build
Refinance
Your Home With a
F. H. A. Mortgage Loan
Leant up to 80%
«f actual valuation.
Frederick W. Berens
McLaehlen Bldg.
Phone National 8280
Mortgaga Loan Corraiponttm
Security Mutual Ufa Insurant* Ca.
Massachusetts Protect It# Companies
STATEMENT OP THE CONDITION
OP
The Union Fire,
Accident & General
Insurance Co.
Of Paris. Prance, on the 31st day of
December. 1035. as required under Section
647 of the Code of Law for the District
of Columbia.
„ „ , INCOME.
Net premiums_ $416,244.00
Total Interest and rents__ 65,764.12
Other Income_ 39.172.16
Total Income_. $511,180.27
DISBURSEMENTS.
Net amount paid policy
holders for losses_ $204,962.76
All other disbursements __ 318.576.76
Total disbursements_S523.539.52
A8SETS
Bonds and stocks__$1,186 922.22
Cash in company's office_ 100.00
Deposits in banks__ 161,763.63
Aaents' balances_ 86.903.69
Interest and rents due or ac
crued _ 10.534.50
All other assets_ 16,563.14
Gross assets__$1.462.767.38
Deduct assets not admitted_ 50.050.65
Total admitted assets..*1,412,727.73
.. , LIABILITIES.
Net unpaid claims_ 844 720.00
Total unearned premiums__ 306.475.70
Other liabilities_ 25.041.74
Capital paid up_ 2o0.060.00
Surplus over all liabilities_ 751.581.29
Total _.*1.412,727.73
NET PREMIUMS WRITTEN DURING
THE YEAR.
Dist. of
Total. Col
, .',11
Motor vehicles_ 500.00 30.55
Riot, civil commotion
and explosion_ 2.125.00 2.44
Totals_*91.722.00 *575.83
EVERETT W. NOURSE.
United States Manager.
Subscribed and sworn to before me this
21st day of February. 1036
< Sea) » C. M. DEPEW.
Notary Public Wetschester County.
N V,. Co. Clk*. No.' 92. Re*. No.
6-D-4«
Commission expires March 30. 1836.
Reserve District No. 6
REPORT OP CONDITION OF
The City Bank
Of Washington. In the District of Columbia,
at the close of business on March 4. 1936.
(Published in response to call made by
Comptroller ol the Currency, under section
5211, V. 8. Revised Statutes.)
ASSETS.
1. Loans and discounts_$3.450 451.63
2. Overdrafts _ 234.67
3. United States Govern
ment obligations direct
and/or lully guaran
teed - 662 673.54
4. Other bonds, stocks and
securities_ 139.300.00
6. Banking houses. $179
000; furniture and fix
tures. $83,169 50_ 262.169.50
7. Real estate owned other
than banking houses-- 13.075.00
8. Reserve with approved
reserve agencies_ 1,150.959.79
9. Cash balances with other
banks and cash items
in process of collection 1.108.631.57
10 Cash items not In process
of collection_ 396.51
13. Other assets__ 16,212.90
Total assets_*6 804.107.31
., LIABILITIES
14 Demand deposits of Indi
viduals partnerships
and corporations_52.882.410.64
15. Time deposits of individ
uals partnerships and
corporations_ 3,180.737.29
15 Deposits of other banks.
including certified and
cashier's checks out
standing _ 46.486.26
Total of item* 14 to 18,
inclusive:
(b> Not secured by pledge
of loans and/or invest
ment! _56.100.634 19
(cl Total
deposits -86.109.634.19
29 Other liabilities_ 52.374 93
30. Capital account:
Capital de
benture
note_5250,000 00
Common
stock.
23.500
shares, par
810.00 per
share_ 235.000 on
Surplus_ 100.000.00
Undivided
profits—net 27.629.57
Reserves for
contingen
cies _ 29 468 62
Total capital account 642 098.19
Total liabilities_56.804.107.31 1
District of Columbia, ss :
I M H. BUCKINGHAM, cashier of the !
above-named bank do solemnly swear that i
the above statement is true to the best of
my knowledge and belief.
M. H. BUCKINGHAM.
„ . . . . . . Cashier.
Sworn to and subscribed before me this
20th dav of March 1936
(Seal.) JOHN F. GUTHRIDGE
_ . .... Notary Public.
Correct—Attest:
C F BURTON.
fred HFwrrr.
WM. F. KELLY
Directors._
Charter Nm 4107 Reserve District No. 5.
REPORT OF CONDITION
OF THE
National Capital Bank
Of Tfashlpcton In ‘he District of Co
; JJS’J1*' at the cl05e of business on March 4.
1936.
(Published In response to call made by
eS5n,mJ?I!Sr^f (he Currency under Section
5211. U. S. Revised Statutes.)
, , . ASSETS.
1. roans and discounts_ 5370 43® "o
2. Overdrafts __ _ 115 On
3. Urited States Govern
ment cblicattcns. di
rect and/or fully guar
4 «.tntciud m- 766.724.67
4. Other bonds, stocks and
securities__ _ 2°6 614 25
6. Baokino house. $45 500:
furniture and fixtures.
*4.000 - _ 49.500.00
8. Reserve with Federal Re
_ _ serve bank_ l a or 92° 97
9. Cash, balances with other 526.222.77
narks, and cash Items
•.a « In process of collection 626.222.77
in. Cash it4*ms not in process
collection_ 70.no
13. Other assets_ 736 73
— _ «U,(ITC<at'T.UU
.. _ ^ J LIABILITIES.
14. Demand deposits of Indi
viduals. partnerships.
end corporations_*2.673,384.15
18. Deposits of other banks.
incdluding certified and '
cashier’s checks out- <
standing- 279.382.14
Total of Items 14 to 18.
Inclusive:
(a> Secured
b» pledge
of lpans
a n d / or
Invest
ments _. *9.575.69
lb' Not se
cured hv
Pledge of
Joans
and/or
in vest
ments 2.943.190.60
(e) Total
_ depostta_*2.B52.?ee.29
20. Other liabilities_ 2.35 i
30. Capital account:
Common stock. 2.000
shares, par *100 per
share__52nn.nnn.nn ,
Surplus__ 151.000.00 *
Undivided
profits—■ •
net _ 44.425.P6
Total capital account. 395.425.96
Total liabilities_.*3.348.194.60
MEMORANDUM: Loans and Investments
Pledged to Secure Liabilities.
31. United State* Govern
ment obligations, direct
and/or fully guaran
teed _ *11.00000
34. Total pledged (exclud- 1
lnx rediscounts)_ 511.000.00
35. Pledged:
Id) Against other de- .
posits _ 10.ooo.no *
(g) For other purposes.. 1.000.00
Ih) Total pledged__ 511.000.00
District of Columbia, ss.:
I. H. C. 8TEWART. cashier of the above- .
named bank, do solemnly swear that the v
above statement is true to the best of my
knowledge and belief
H. C. STEWART. Cashier.
Sworn to and subscribed before me this
19th dav of March. 1936.
(Seal.) 8 WILSON EARN8HAW.
Notary Publle.
Correct—Attest:
H. H. McKee. J. B. Earnshaw.
Walter Leaman. Francis J. Kane.
A. B. Walker. Wm. P. O. Hasen.
Clue. A. Carry. Edgar T. S&tolora. 1
ELLETT & SHORT, Inc.
1508 H St. N.W. NAtional 2660
INSURANCE W BONDING
-;
STATEMENT OP THE CONDITION
OP THE
Phoenix Indemnity
Company.
Of New York, on the 31st day of De
cember 1935. as required under Sec
tion 647 of the Code of Law for the
District of Columbia.
? INCOME,
et premiums *3.283.092.42
otal Interest and rent* 191.913.95
|J| Other Income_ 19.572.06
HI Total Income_*3.494.577.43
DISBURSEMENTS.
Net amount paid policy
11 holders for losses *1.495.502.74
All other disbursements 1.611.085.15
Total disbursements „S3.106.587.89
ASSETS
fl Bond* and stocks $4,650,598.50
nl Cash In company's office. 8 8fiP.no
HI Deposits In banks _ 330.994.72
| Premiums In course of
HI collection 748.054.72
Interest and rents due or
■ accrued _ 58.449.76
All other assets_ 122.018.70
Gross assets _ _ *5.919.585.40
| Deduct assets not ad
mitted _ 155.099.30
Total admitted assets $5,763,886.01
|j _ . LIABILITIES.
Total unpaid claims *1.782.351.70
| Total unearned pre
H miums 1.492.571.34
| Other liabilities_ 319.891.32
f| Capital paid UP . 600.000.00
| Surplus over all liabili
ties - 1.569 071.59
R Total--*5.763.886.01
II NET PREMIUMS WRITTEN DURING
THE YEAR.
, . District
Total of Columbia.
H Accident *130.409 00 *3.248.62
| Health 16.620.51 383.52
Auto llabll
. lty - - 1.002.117.82 88.489.31
L 1 a b 11 lty
other than
auto 682.083.56 34.233.88
W o rkmen's
com pen
aation _ 745.821.22 67.893.77
Plate (lass 123.817.06 4.879.36
Burglary and
theft 183.192.50 9.993.74
Steam boiler 46.682.0O 2.801.85
Machinery_ 2.772.35
Auto prop
erty dam
age . 316 940.08 16.156.56
Auto col
lision 10.51557 1.169.96
Prop erty
dam age
and col
lision oth
er than
auto ... 22.211.15 834.07
B Totals S3.283.092 42 *180.084.64
J. M. HAINES President.
H. LLOYD JONES. Secretary.
Subscribed and sworn to before me
this 18th day of February. 1936.
(Seal.) H. M. BORST.
Notary Public Queens Co.. Clk’s No.
3205. Reg. No 7674. Cert. Bled In
N. Y Co.. Clk's No. 1390 Rea No.
7 B 85 Commission expires March
30. 1937.
STATEMENT OF THE CONDITION
OF THE
Fireman’^ Fund Insur*
ance Company.
OF SAN FRANCISCO. CALIF..
On the 31st dty of December. 1935. as
required under Section 647 of the Code
of Law for the District of Columbia.
INCOME.
Net premiums_$15,305,736.70
Total interest and rents 1.505,362.05
Other Income_ 165.472.23
Total income_$16,966,570.98
„ . DISBURSEMENTS.
Net amount paid policy
holders for losses_$5,498,086.00
All other disbursement*. 9.063.950.97
Total disbursements..$14.662.038.97
_ , . . ASSETS.
Real estate- $2,044,774.87
Mortgage loans on real
estate . 2.191.947.61
Collateral loan*_ 68.292.71
Bonds and stocks_ 28.647.626.72
Cash In company'* of
fice _____- 15.417.08
Deposits In banks_ 1.312.992.77
Agents' balances_ 2,819.510.19
Interest and rents due
or accrued_ 226.760 68
All other assets..__ 992.453.58
Gross assets-$38,319,776.21
Deduct assets not ad
mitted - 659.627.15
Total admitted assets.S37.660.149.06
„ , ,, LIABILITIES.
Net unpaid claims_$2,922,896 29
Total unearned pre
miums _ 11.826.325.09
Other liabilities.. 1.440.782.47
Capital paid un_ 7,500.000.00
8urnlua over all liabili
ties - 13.970.145.21
Total -S37.66CT149.06
NET PREMIUMS WRITTEN DURING
* THE TEAR.
District Of
Total. Columbia.
Fire_$7,604,262.40 $75,157.59
Ocean ma
rine - 2,015,013.41 2.836.08
Motor ve
hicles ... 3,821.638.75 35.941.37
Earthquake 23.802.91
Inland nav
1 g a t Ion
and trans
_ poratlon. 1.420.158.82 2.955.11
T o r n a do.
windstorm
and cy
„ clone .. 364.820.66 8.889.24
oprirkler
_ leakage. 18.615 97 10.56
Riot civil
com mo
tion and
..explosion 33,186.71 278.42
All other
a 1r craft
and M. V. •
P. D. „ 4.239.07 8.00
$15,305,730.70 SI-’R 052 25
EDWARD T. CAIRNS.
EDWARD V MILLS
Subscribed and sworn to before me
this 31st da» of January. 1936.
(Seal.) EMMA I. MacHUGH.
_ . ... Notary Public.
Notary public In and for the city and
county of San Francisco 8tate of Cali
fornia Mr commission expire* Novem
ber 21 1939.
A
STATEMENT OF THE CONDITION
OF THE
Fireman’s Fund Indem
nity Company.
Of San Francisco. Calif., on the 31at
day of December. 3 9.35. as required
under section 647 of the Code of Law
for the District of Columbia.
„ INCOME.
Net premiums $4,199,456.69
Total Interest and rent* 261.984.09
Other Income_ 34.293.23
Total Income_.$4,486,734.01
„ . DISBURSEMENTS.
Net amount paid pollcy
. holders for losses ..$1,834,458.64
All other disbursements.. 2.151.580.13
Total disbursements ..$3,986,038.77
ASSETS
Bonds and stocks ' $6,547,483.42
Cash In company's offlce. 26.441.10
Deposits in banks ... 261.017.45
Premiums in course of
collection _ 873.774.66
Interest and rent* due or
accrued _ 64.810.12
All other asset*_ 130.368.63
Gross assets . . $7,902,895.38
Deduct assets not ad
mitted ... _ 73,854.96
Total admitted assets $7,829,040.42
_ „ . , LIABILITIES
Total unpaid claims $2,445,766.55
Total unearned pre
mium* 1.829.182.90
Other liabilities _ 371.123.48
Capital paid up .. 1.000.000.00
Surplus over all liabili
ties - 2.182.967.49
Total - $7.829.040.42
NET PREMIUMS WRITTEN DURING
THE YEAR.
District.
... . Total. of Columbia.
Accident-*111.664.12 $447.21
Health 14.896.50 _
A“to liability 1.273.002.77 16.079.58
Liability oth
er than
auto 720.310.54 1.796.20
Work men’*
compensa
tion - 1,051.860.40 11.359.16
Fidelity- 189.669.98 1.280.28
Surety .. 161.158.74 2.471.04
Plate (lass 73.849.95 506.78
Burglary and
theft 171.550.23 2.485.50
Auto property
. damage 360.133.03 6.632.30
Auto collision 28.848.06 158.87
Property
damage
and c 0 1
lislon other
than auto 33.512.39 85.69
Totals . *4.190.456.60 *42.279.59
CHARLES R. PAGE.
__ Vice President.
_ EDWARD V. HILLS Secretary.
..Subscribed and sworn to before ma
this 14th day of February. 1936.
„ ‘Seal.) EMMA L. MacHUGH.
Notary Public in and for the City and
County of San Francisco. State of
November IL*7I839?m**^°n *xplr“
4
STATEMENT Or THE CONDITION
or THE
Home Fire and Marine
Insurance Company
Of San Francisco. Calif . on the 31st
da> of December. 1935. as required un
der Sec'ion 647 of the Code of Law for
the District of Columbia.
INCOME.
Net nremiums_$2,179,961.34
Total Interest and rents. 242,906.72
Other income_ 36.015 62
Total Income_$2,458,883.68
DISBURSEMENTS.
Net amount paid policy
holders for losses_ $769,181.43
AU other disbursements_ 1.309.250.35
Total disbursements_$2,078,431.78
_ , A a ASSETS.
Real estate_, $14,601.66
Mortgage loans on real
estate_ 270.227.54
Collateral loans_ 8.500.00
Bonds and stocks_ 5.255.744 1.3
Cash in company's office. 6.771 97
Denosits in banks_ 274.720 93
Agents' balances_ 424.773.10
Interest and rents due
or accrued- 57.570 73
All other assets_ 29.288 38
Gross assets-.$6,341,648.44
Deduct assets not ad
mitted - 132.827 45
Total admitted assets..$6.208.820.99
liabilities
Net unpaid claims- $337,979.91
Tot a! unearned premiums 2.069.9«7.21
Other liabilities- 194.803.98
Capital paid uo-l.ooo.ooo.oo
Surplus over all liabilities 2.606.069 *9
Total -.86.208.830.99
NTT PREMIUMS WRITTEN DURING
THE TEAR.
District of
_ Total. Columbia.
Fire-$1,678,863.12 $10,950.36
Ocean marine 235.316.82
Earthquake _ 5.255.19
Inland naviga
tion and
ttansporta
_ tlon - 187.828.30
Tornado, wind
storm and
cyclone 80.544.83 731.86
Sprinkler leak
age 4.110.03 2.00
Riot, civil
commotion
and explo
sion - 7.326.94
A11 other_ 716.12
$2,179,961.34 $11,683.72
EDWARD T. CAIRNS. Vice Free.
EDWARD V. MILLS Secretary.
Subscribed and sworn to before me
this 3lst day of January. 1936.
_ ISeal.) EMMA L. MACHUGH.
Notary Public in and for the City and
County of San Pranelsro. State of
California. My commtiilon expires
November 21. 1939.
STATEMENT OP THE CONDITION
OF THE
Occidental Insurance
Company
Of San Francisco. Calif., on the 31st I
day of December. 1936. as required
under 8ectlon 647 of the Code of Law
for the District of Columbia.
INCOME.
Net premiums_ $828,736.04
Total Interest and rents_ 161.517 94
Other income_ 8.128.53
Total income_-_- $998,383.41
DISBURSEMENTS.
Net amount paid policy
holders for losses- $296,489.87
All other disbursements. 538.535.39
Total disbursements.. $835,025.26
r I
ASSETS.
Bo .ids and stocks_$4,003,868.67
Cash in company's office. 2.388.68 I
Deposits in banks- 230.163,69
Agents' balances- 143.096.76
Interest and rents due or I
accrued _ 38.235.26
All other assets- 87.140 97
Gross assets__$4,504.864 03
Deduct assets not ad
mitted__—77.913.78
Total admitted aasets.$4.426.950.25 I
LIABILITIES.
Net unpaid claims- $144,440.21
Total unearned premiums 748.794 65
Other liabilities_ 69.062.62
Capital paid up_ 1,000.000 00
Surplua over all liabilities 2.464.662.87
Total_.$4,426,950.25
NET PREMIUMS WRITTEN DURING
THE YEAR.
District
Total. of Col.
Fire_$592,539 93 $742.73
Ocean marine_ 117.669.10
Earthauake- 1,854.77
Inland navigation
and transpor
tation _ 83.919.38
Tornado, wind
storm and cy
clone _ 28,42758 80.53
Sprinkler leakage 1.450.59
Riot, civil commo
tion and explo
sion _ 2.585.98 48.13
All other—Aircraft
and M. V P. D. 289.61
$828,736 94 $871.39
EDWARD T. CAIRNS. Vice Prea.
EDWARD V. MILLS. Secretary.
Subscribed and sworn to before me
this 31st day of January. 1936.
(Seal.) EMMA L. MACHUGH.
Notary Public In and for the City and
County of San Francisco. State of II
California. My commission expires
November 21. 1930. !«
i '
I
■ Mortgage You will be interested in them
* as a sound investment. Ask us Ui
Loans for details.
B. F. SAUL CO.
I REAL ESTATE
925 15th St. N.W. ucPfJAon'swr* National 2100
REPORT OP CONDITION OP THE
National Savings & Trust Company
Of Washington, In the District of Columbia, at the close of business on
March 4, 1936.
(Published in response to call made by Comptroller of the Currency,
under Section 5211, U. S. Revised Statutes.)
ASSETS.
1. Loans and discounts. $8,409,752.14
2. Overdrafts . 270.55
3. United States Government obligations, direct and or fully
guaranteed . 2,025,885.18
4. Other bonds, stocks, and securities.. 1,566,510.40
6. Banking house, $1,239,381.48; furniture and fixtures,
$63,507.34 ....._ 1,302.888.82
7. Real estate owned other than banking house_ 1,664,068.71
8. Reserve with approved Reserve agencies_ 2,357,657.41
9. Cash, balances with other banks, and cash items in process
of collection . 3,118.607.96
10. Cash items not in process of collection___.__. 104 go
13. Other assets. 16,907.49
Total assets.>20.462.653.26
LIABILITIES.
14. Demand deposits of individuals, partnerships, and corpora
tions . $9,199,562.92
15. Time deposits of individuals, partnerships, and corporations, 7,924.419.85
18. Deposits of other banks, including certified and cashier's
checks outstanding..... 28,691.90
Total of items 14 to 18, inclusive:
(b) Not secured by pledge of loans
and/or investments_$17,152,674.67
(c) Total deposits .$17,152,674.67
27. Interest, taxes, and other expenses accrued and unpaid..., 58,520.98
29. Other liabilities.. 27.10
30. Capital accounts:
Income debentures. $700,000.00
Common stock, 10,000 shares, par $100.00 per
share .. 1,700,000.00
Surplus .. 1,000,000.00
Undivided profits—net. 449,893.00
Reserves for contingencies. 101,537.53
Total capital account.... 3,251.430.53
Total liabilities. *20,462,653.26
MEMORANDUM: Loans and Investments Pledged to Secure
Liabilities.
31. United States Government obligations, direct and or fully
guaranteed . $271,859.07
32. Other bonds, stocks, and securities_..... 234,337.50
34. Total pledged (excluding rediscounts).. $506,196.57
35. Pledged:
1 a
(f) With State authorities to qualify for the exercise
of fiduciary powers_ $505,185.94
(g) For other purposes... 1,010.63
(h) Total pledged . $506.196.57
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.
F. R. ULLMER, Treasurer.
Sworn to and subscribed before me this 19th dav of March, 1936.
(Seal.) JOHN W. CROW, Notary Public.
My commission expires August 10, 1939.
Correct—Attest:
WALTER C. CLEPHANE, H. PRESCOTT GATLEY,
CLARK G. DIAMOND, FRANK STETSON,
L. CORRIN STRONG, WILLIAM D. WILLARD,
JAMES J. BECKER. WILLIAM D. HOOVER,
MARCY L. SPERRY, BRUCE BAIRD,
B. W. PARKER. DAVID BORNET,
WILSON B. NAIRN, THOMAS A. BUTT,
Directors,
Reserve District No. 8.
REPORT OF CONDITION OF THE
Washington Loan and Trust Co.
Of Washington, in the District of Columbia, at the close of business on
March 4, 1936.
(Published in response to call made by Comptroller of the Currency,
under Section 5211, U. S. Revised Statutes.)
ASSETS.
1. Loans and discounts___ 86,949,677.15
2. Overdrafts ._______ 898.65
3. United States Government obligations, direct and/or fully
guaranteed _ 6688.693.48
4. Other bonds, stocks, and securities__ 1,837,952.61
6. Banking houses, $1,828,204 63; furniture and fixtures,
$147,955.18 . 1,976,159.81
7. Real estate owned other than banking houses__ 1,208,424.25
8. Reserve with Federal Reserve bank_ 3,020,297.58
9. Cash, balances with other banks, and cash items in process
of collection ... 4,964,400.07
10. Cash items not in process of collection... 2,562.76
13. Other assets... 165,018.96
Total assets_$26,814,085.30
LIABILITIES.
14. Demand deposits of Individuals, partnerships, and corpora
tions . *13,382,957.10
15. Time deposits of individuals, partnerships, and corporations, 9,529,879.97
18. Deposits of other banks, including certified and cashier’s
checks outstanding_ 603,506.90
Total of items 14 to 18. inclusive:
(a) Secured by pledge of loans and or
investments _ *2,941.64
(b) Not secured by pledge of loans
and/or investments_ 23,513,402.33
(C) Total deposits.*23,516,343.97
!7. Interest, taxes, and other expenses accrued and unpaid.. 106,849.53
9. Other liabilities_ 10,830.39
10. Capital account:
Common stock, 10,000 shares, par $100.00
per share. *1,000,000.00
Surplus . 1,800,000.00
Individed profits—net_...__ 259,190.02
Reserves for contingencies__ 120,871.39
Total capital account_ 3,180,061.41
Total liabilities_*26,814,085.30
HEMORANDlTM: Loans and Investments Pledged to Secure
Liabilities.
11. United States Government obligations, direct and/or fully
guaranteed -.--- *358.292.07
4. Total pledged (excluding rediscounts)_......_... *358.292 07
V. X-iCU»CU.
(c) Against deposits of trust departments__._ $101,875.00
(d) Against other deposits_........._ 2,995.20
(f) With State authorities to qualify for the exercise
of fiduciary powers_..................__ 252,421.87
(g) For other purposes_ 1,000.00
(h) Total pledged...... $358,292.07
Washington. D. C., ss.:
I. CHAS. R. GRANT, Treasurer of the above-named bank, do solemnly
wear that the above statement is true to the best of my knowledge and belief.
CHAS. R. GRANT, Treasurer.
Sworn to and subscribed before me this 20th day of March, 1936.
(Seal.) ARTHUR C. HARMAN, Notary Public,
lorrect—Attest:
HARRY G. MEEM, JOHN A. JOHN8TON,
• W. E. PEARSON, THEODORE W. NOYES.
WM. H. BADEN, A. C. OLIPHANT,
WALTER S. PRATT, Jr. C. B. KEFERSTEIN,
8. H KAUFFMANN, MELVILLE B. OROSVENOR,
CHAS. H. DOING, JAMES A. LYON,
JOHN RUTHKRFOORD, HIRAM BINOHAM,
PirvcxorVe