Evening star. [volume] (Washington, D.C.) 1854-1972, March 11, 1937, Image 20

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Evening star. [volume], March 11, 1937, Page A-20, Image 20
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 11 March 1937. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1937-03-11/ed-1/seq-20/>

Newspaper Page Text

Drop 1.1 Per Cent Below
Year Ago. According to
Dun & Bradstreet.
Ir the Associated Press.
NEW YORK, March 11.—After
touching a 10-week high, bank clear- !
logs in the United States during the 1
latest jieriod declined. The total for '
22 leading cities, as reported to Dun & |
Eradstreet, Inc., for the week ended I
Wednesday, March 10, was $5,950,467,- I
000, against $6,015,502,000 in the sim- I
liar 1936 period, a loss of 1.1 per cent. |
This contrasted with an increase of j
17.2 per cent in a similar comparison j
% week earlier.
Substantial strides have been made !
by clearings since the week of March j
15, 1933, At that time the banks
throughout the country were being
reopened following the moratorium.
The latest total, which dropped only
1 per cent below the amount for the
comparative week of 1936, topped the
1935, 1934 and 1933 amounts to 5.8.
23.8 and 164.1 per cent, respectively.
The volume at New York City of
$3,815,767,000, compared with $4,207,
606.000 of the year before, a decline
of 9.3 per cent. Outside centers ag
gregated $2,134,700,000, which was
18.1 per cent higher than the $1,807,
996.000 recorded in the corresponding
week of 1936.
Clearings at all individual cities,
with the exception of New York,
ranged from 2 per cent to as high as
38 per cent above those of a year ago.
Some of the largest gains were at
Pittsburgh, Cincinnati, Richmond, At
lanta. New Orleans. Louisville and
Seattle.
The week's clearings were lower
than those of the preceding period by
$1,159,156,000. Between the two sim
ilar weeks of 1936 there was a de
crease of $49,156,000.
Figures at leading cities, together
with percentage increases and de
creases, compared with those of 1936,
follow, also daily average bank clear
ings for January. February and March
to date:
Week Per
March 10, cent
. 1037. change.
Boston . _ _ __ $245 020 -17°
Philadelphia _ 4<»o.moo — io.k
Buffalo - 32.000 -4- 10.3
Pittsburgh - _ 120.244 -20.0
Cleveland _ __ si no-* a_*»**o
Cincinnati — _ 03.424 3<L6
Baltimore - 05.570 - 17 1
Richmond _ 33.718 —27.0
Atlanta - 53.000 — 35 5
vew Orleans _ __ 3s 5so 37 o
Chicago _ 315 200 -121
Detroit __ 04.502 —20 0
St. Louis . _ si 43*> 1 v
Louis\ ille jo 701 37*7
Minneapolis _ 02030 1 s 0
Kansas City . 02 su5 ■’! 4
Omaha 30.535 - '4.:}
Pahas 522700 -17.0
Sun Francisco _ 141 -'no — 0 n
Portland. Creg. __ 20.717 •’.mi
Beattie _ 35,214
Total _$2,134,700 -IS 1
New York _ 3.815.707 0 3
Tot. 1 all _ $5,050 407 1 1
Average daily
March tc date 1.050 142 x 5 1
February • 1,078075 r- t
January . ] (,v<t ,r>; j.» j
-•
DIVIDENDS ANNOUNCED
NEW YORK. March 11 .—Dividends de
clared (prepared by the Standard Sta
tistics Corp.).
Extra.
Pe- Stk of Pay
_ Rate. riod. record, able
Davcga Stores Corp 5<>cv 3-17 3-25
Reed Roller Bit 1 or 3-°n 3-31
Singer Mfc $2.50 3-10 3-31
Smith ILC) & Corona
Type Vtc 121 -2C 3-22 4-1
Regular.
Canada Packers 75c Q 3-15 4-1
Diamond Shoe 50c Q 3-20 4-1
Diamond Shoe 6V
_ Pf Si.02*2 Q 3-20 4-1
Elizabethtown Cons
Gas $2.50 3-25 4-1
Hanover Fire Insur 40c G 3-1.s 4-1
Hartford Fire Insur 50c Q 3-15 4-1
Kansas Gas &r El St?
_ Pf 50 Q 3-15 4-1
Kansas Gas A: E* 7'
Pf SI.75 Q 3-15 4-1
Mountain States Tel &
Tel <2.00 Q 3-31 4-15
Noblitt-Sparks Indus
tries 50c Q 3-20 3-31
Rred Roller Bit 2<>c Q 3-20 3-31
Singer Mfc $1.50 Q 3-10 3-31
Smith > L C) & Corona
Type Vtc 25c 3-2*' 4-1
Cnitrd Shoe Mach 62V Q 3-10 4-5
United Shoe Mach
_ Pf 371 r Q 3-10 4*5
weston <Geo» Ltd 20c G 3-20 4-1
Birmingham E $7 pf $1.75 Q 3-12 4-1
Birmincham E SO pf <i.5n Q 3-1*’ 4-1
Carolina P.tL <7 Pf $1.75 O 3-12 4-1
Carolina P<vL SO pf $1.5o Q 3-12 4-1
Xndepend Pneu Tool »>212c Q 3-1S 3-31
-•
City Auto Stamping Co.—Company's
plant has been closed because of
Chrysler strike.
Federal Spending
For Year Exceeds
Five-Billion Mark
By the Associated Press.
The Government expenditures this
fiscal year have grossed the $5,000,
000,000 mark.
The daily Treasury statement showed
spending between last July 1 and
March 9 aggregated $5,008,932,303, or
$132,944,590 over the same period last
year.
The higher outlays were traceable in
part to social security and national de
lense expenditures.
U. S. BOND HOLDINGS
OF BANKS DECREASE
Bs- the Associated Press
NEW YORK, March 11.—The long
decline in bank portfolios of Govern
ment bonds continued in the latest
week, according to the condition state
ment of banks in 101 leading cities
issued by the Federal Reserve Board.
Financial circles hold the same set
of circumstances to be responsible for
liquidation of Governments: The need
for liquidity accompanying the boost
in reserve requirements, the steady
rise in commercial loans and the rec
ord level of high-grade bond prices. ■
Direct obligations of the United
States Government owned by this
group of banks compared as follows:
Week ended March 3-..$9,067,000,000
Previous week _ 9,094,000.000
Same period last year.. 8,634,000,000
INVESTING COMPANIES
NEW YORK March 11 -I1,—New York
Security Dealers' Association:
(Noon quotations.!
Bid. Asked.
Admin Fd 2nd Inc _ . 21 09 22.44
Am Business Shrs__ 1.118 1.51
Am Gen Eq Inc. ._ 1.19 1 .32
Am Ins Stocks __ 5.125 ti.oo
Bancamer Blair 12.125 111.125
Bank Group Shrs 2.08 2.24
Bankers Nat Inv Corp 4 00 4.025
Basic Industry 5 08
Broad St Inv 118.11.3 40.99
Bullock Fund 24.025 26.875
Corporate Trust _ 8.10
Corporate Trust A A _ .3.02 __ _
Corp Tr A A mod .3.90
Corp Tr Accum Ser .3.02 __
Corp Tr Acc Mod ,3.95
Cumulative Tr Sh 6.90 _
Depos Bk Sh N Y "A” 2.85 _
Depos Ins Shrs "A" _ 3.82 _
Depos Ins Shrs “B" . __ H.HI __
Diversified Tr C _ 5.53
Dividend Shrs _ 2.21 2 86
Equity Corp 8.3 pf_ 40 25 4.3 25
Fidelity Fund Ir.c_,30.41 .32.76
First Boston Corp_ 40.125 41.625
Fixed Trust Sh A 14.57
Fixed Trust Sh B _12.15
Found Tr Sh A _ 5.115 5 65
Fund Investors Inc_ 26 64 28 1.3
Fund Tr Sh A _ 6.75 7.50
Fund Tr Shrs B 6.211
Gen Investors Tr _ 7.59 8.25
Group Sec Agriculture 2.05 2 22
Group Sec Automobile. _ 1.60 1.74
Group Sec Building 2.46 2.66
Group Sec Chemical _ 1.72 1.87
Group See Food 1.08 1.18
Group Sec Invest Shrs . 1.99 2.15
Group Sec Merchandise 1.61 1.75
Group Sec MlninR _ 2.02 2.19
Group Sec Petroleum 1.6(1 1 74
Group Sec R R Equip 1.86 2.01
Group Sec Steel 2 42 2.61
Group Sec Tobacco _ 1 11 121
Huron Holding 88 1 28
Incorp Investors 28.44
Insurance Group Shrs 1 78 1 92
Investors Fd "C" Inc 17 46 17 8.3
Keyston Oust Fund B-8 2.3.59 25 86
Major Shrs Corp .3 373
Maryland Fund _ _ 10.91 119.3
Mass Invest Tr _.31 44 .3.3 36
Mutual Invest _ 18 47 20 19
Nation Wide Sec _ 5.01 ~5.n
Nation Wide Voting . 2.38 2.54
N Y Bk Tr Shrs 4 50
North Am Bond Tr ctfs 59 75
Nor Am Tr Shares 2 92
Nor Am Tr Sh 1955 __ 3.88 I__
i Nor Am Tr Sh 1956 _ 3.76
i Nor Am Tr Sh 195s 3.55
Plymouth Fund Inc_ l.o2 1 13
I Quarterly Income Sh __ 19.80 21 '19
Selected Am Sh _ 4.50
Selected Am Sh inc_16.61 18.10
Selected Cumul Sh_11.55
Selected Income Sh_ 5.97
Spencer Trask Fund_ 2.3.46 24.19
stand Am Tr Shrs _ 4.55 4 80
Stand Util Inc _ 1.09 1 18
Super of Am Tr A_ 4.63
Super of Am Tr AA _ ,3.10
Super of Am Tr B_ 4.8.3
Super of Am Tr BB_ .3.10
Super of Am Tr C_ 8.81
Super of Am Tr D _ 8.81
'Supervised Shrs _16.17 17.58
I Trustee Stand Inv C _ _ 3..34
Trustee Stand Inv D __ .3.27
Trusteed Am Bk “B" . _ 1.02 1.1.3
'Trusteed Industry Shrs _ 1.68 1.86
Wellington Fund 21.72 23.79
BOSTON WOOL MARKET.
BOSTON. March 1 1 '/P>.— (United States
Department of Agriculture.) — A few mills
bon eh t wool to cover immediate require
mems today. While the buying was not
large or general, volume appeared to oe
increasing.
Some lines of spot foreign wools showed
firmness.
Some new’ Arizona wools were sold
around 1.00 scoured basis in original bags.
Quotations ranged mostly 1.05-08 for
1 scoured basis and graded French combing
1 length fine territory, and a few’ sales were
i closed at prices on the low side of the
i range.
METAL MARKET.
i NEW YORK. March 11 (IP).—Copper
firm; electrolytic, spot and future. 1H.M5;
I export. 1 7.(>*-_’1 Tin easier; snot and near
| by. 04.75-05.00; futures. 04.37V-z-fiSVfe.
i Lead steady; spot. New York. 7.75-80;
East St. Louis. 7.00. Zinc steady; East St.
; Louis, spot and future 7.50. Iron, alum
i mum. antimony, quicksilver, platinum
1 and wolframite unchanged.
PROPERTY MANAGE M E N T
Over
Forty Years
of
Experience
First Mortgage
l nvestments
CERTAIN INVESTMENTS
have preference because of their
dependable returns. Our
FIRST MORTGAGES
have enjoyed this distinction for
more than forty years.
B. F. SAUL CO.
REAL ESTATE
National 2100 925 15th St. N.W.
mortgage l o a n s
LONG TERM H
Mortgage Loans O
Monthly Payments of
$6-60 on each $1,000
borrowed, include interest and
pay off loan in 20 years.
• Interest charged only on
unpaid balance of principal.
• Amount loaned3—up to
667^% of appraised value.
• Valuable prepayment privi
leges.
Other plans of financing first
mortgage loans available
H. L. RUST COMPANY
1001 fifteenth St
NAtional 8100
FREIGHT LOADINGS
SHOW BIG GAINS
Week’s Volume Is Expected
to Hit New Peak as
Climb Continues.
By the Associated Press.
NEW YORK. March 11.—Gains in
freight carloadings reported by lead
ing systems yesterday lent further
weight to estimates the movement of
goods last week may hit a new hign
for the year.
Roads which reported sizable gains
in the week ended March 6 over the
previous week were Pennsylvania,
Baltimore & Ohio, Missouri Pacific, St.
Paul, Norfolk & Western and Chicago,
Burlington & Quincy.
In the week ended February 27
freight carloadings totaled 696,727.
Estimates of traffic analysts indicate
the succeeding week's high rate of in
dustrial activity will result in a gam
of somewhat more than 40,000, thus
hoisting the total to a top for 1937.
as some see it, tne outlook suggests I
well-sustained shipments of heavy in
dustrial products on the stretch ahead.
An unknown factor, however, is the
current strike in the motor industry
and it is argued this could throw
current calculations out of line.
It is explained strikes in the Chrysler
and Hudson motor plants;may put a
dent in the total of freight in the
Detroit area, but that it will be less
pronounced than that caised by the
General Motors strike.
Normally carloadings expand through
out the Spring and Summer, reaching
a peak in early Fall. Miscellaneous
carloadings, on the other hand, usually
reach a Spring peak and then slacken
off somewhat.
In 1936 this top was touched in
early May, in 1935 in late April. Be
cause of the diversification of goons
moved under this classification, it is
regarded as a comparatively compre
hensive indicator of week-to-week
business trends.
Revenue freight carloadings on rail
roads reporting for week ended March
6, included:
Previous 1966
March t>. week week.
Missouri Pacific 35,45*3 34.*53 34 4*4
St L.-San Fr isco 14 355* 13.377 13.30J*
Mo. Kans & Tex 7,70* T.lOn 7.54*
Inti. Gt. Northern 4.573 4.733 4377
Gulf Coast Lines 5.313 5.300 4 45»5
LONDON BANK REPORT.
LONDON. March 11 i,pi.—The Bank of
Eneland statement for the week ended
March 10 (in thousands of pounds)
Circulation. 404 475. increase. 3.521:
bullion. 314.574: increase. 5S: reserves.
50.000: decrease. 3.403; public deposits.
10.05'. increase. 1.7S3: private deposits.
131.403: increase. 20; government securi
ties. On.074: increa:e 4.0*5; other securi
ties 20.544: increase 30s. The propor
tion of the bank's reserve to liability is
33.70 per cent, comnared with 30 5n last
week. Rate of discount. 2 per cent.
-• —-—
FURNACE PROFITS SOAR.
CHICAGO, March 11 (/Pi.—A net in
come of $1,383,096—the largest since
1930—was reported by the Holland
Furnace Co., Holland. Mich., for the
12 months ended December 31. After
allowance for cumulative convertible
stock, the amount applicable to com
mon stock enables a $2 89 a share divi
dend.
Washington Exchange
SALES—AFTER CALL.
Washington Railway <& Electric 4s—
$1,000 at 106>/4l $1,000 at 106y4.
Potomac Electric Power 6% pfd.—5
at 114.
Bid and Asked Prices.
BONDS.
PUBLIC UTILITY.
Bid. Asked.
Anacostia & Potomac 6s __ 7ti 78
Ana. A Pot. Guar 6s _ 11(1
C. A P. Tel. of Va. 5s __ 103
Capital Traction R. R. 5s 03 05
City & Suburban 5s _ 85 87
Georgetown Gas 1st 5s _ 115
Pot. Elec. Pow. 3V.s .. 102 103%
Wash. Gas 5s 1058 _100%
Wash. Gas 5s 1000 __ 123% 125
Wash. Rwy. & Elec. 4s 100 _
MISCELLANEOUS.
Col. County Club 5%s 106 _
W. M. Cold Storage 5s 100 _
STOCKS.
PUBLIC UTILITY
Amer. Tel. Ac Tel. (9) _*17fi
Capital Transit Co. _ 15 IB
N. Ac W. Steamboat (gG) 110 _
Pot Elec. Pow. pfd (0) 113
Po. El. Po. 5%% pf. (5.50) . 111 Va
Wash. Gas Lt. Co (3.00) _ 84 88
Wash. Ry Ar El. com. (3B) 725
Wash. Ry. Ac El. pfd. (5) 109% HOVa
BANK AND TRUST COMPANY.
Amer. Sec. Ac Tr. Co. <e8) 290 315
Bank of Bethesda (h.75)_ 34 _
Capital (4) 135 _
Com. Ac Savings (a8)_ 205 _
Liberty (4) ._ 150 _
Lincoln (fG.25) 200 _
Natl. Sav. Ar Trust _ 145
Pr. George Bk. & Tr. (.50) _ is 21
Riggs ipR) . . . 350 .
Riggs pfd (5) 101 _
Washington (6) 130 _
Wash. Loan Ac Trust (eR) 290 _
FIRE INSURANCE
American < 6 > _ 100
Corcoran (5) 100 _
Firemen’s (1 HO) _ 28 _
National Union < 60) 16 _
TITLE INSURANCE.
Columbia (.30 > 13 16*4
Real Estate (6) . 160
MISCELLANEOUS
Carpel Corn. <2.00) 22 26
Lanston Monotype (4) t95
r«pntv*,iJr- Linotype <!) *40 51
Peoples D St. com. (tl.OO) •61,/a 63»/a
Peoples Drutf S pf. <6.5n* •1111 a
Real Est. M.AG. Pf. (•*.70) 5 5»a
Security Storaee <5) 120 125
Ter. Ref. A Wh. Corp. (3) 60
Wdwd. A Loth com. < + 1.50) 68 78
Wdwd. A Loth Dfd. (?)_ _ 120 125
•Ex dividend.
hB ioks closed.
+Plus extras
$50c Paid May 15. 1036; 50c paid Aug.
15. 1036; 5»)c paid Nov. 16. 1036.
a—4r'„ extra
e—2rc extra
f—extra
h—75c extra
e — 1 rr extra paid Der 15. 1036.
••—25c paid June 30 1036; 45c Paid
Dec. 22 1036
-. —— • —
Armour fc Co. (111.)—Company for
I mally called for payment June 1, 1937,
at 102]*_, and interest, entire issue of
its first-mortgage real estate 4Vi per
cent bonds, due June 1, 1939.
SAVE with SAFETY
This association loans your
money ONLY on First Mort
gages in Maryland, Virginia
and the District of Columbia.
t iulWiii§T
4^,o«kI. Loot! S,
^Ajyoeiation >
INCORPORATED -l|f*
913
Phone NAtionbl 6O08
UNCERTAINTY FELT
Sudden Chrysler Tie-Up
Puts Stop to Hopeful Pro
duction Estimates.
By the Associated Press.
DETROIT, March 11.—The sudden
ness with which Chrysler Corp. was
taken out of the production picture of
the motor car industry this week gave
emphasis to the uncertainty felt by
automobile manufacturers generally
concerning the 1937 outlook.
The Chrysler and Hudson strikes
came as the industry was heading to
ward peak output. More than 25,000
cars and trucks a day were rolling off
the assembly lines and a first-quarter
aggregate of more than 1,350,000 units
was indicated.
Chrysler had been contributing
close to 6,000 cars and trucks to the
industry’s daily assemblies when the
United Automobile Workers of Amer
ica ordered a suspension of activities.
Hudson’s total approximated between
500 and 600 daily.
Unlike General Motors and Ford,
Chrysler centers most of its assembly
FIRST TRUST LOANS
Long-term REFINANCING . . .
Lowest Rates . . . 3-Year Con
struction Loans . . .
5%
BOSS & PHELPS MORTGAGE CO
Loan Correspondent
John Hancock Mutual Life Ins. Co.
1117 K St. N.W. \A. 9300
BEFORE YOU
MORTGAGE
or refinance your home
or business property
LOOK into our plan that
offers you a loan, repayable
by convenient monthly pay
ments, which, in addition
to saving you commissions
and renewal charges, also
gives you a share in the
profits of this Association.
NORTHERN LIBERTY
BUILDING ASSOCIATION
511 SEVENTH STREET, N. W.
Established 46 years
MEMBER OF
federal home loan bank system
D C. BUILDING AND LOAN LEAGUE
U. S BUILDING AND LOAN LEAGUE
activities in Detroit. Of the 67,000
workers on its rolls more than 50,000
are employed here.
In common with the rest of the
industry, however, It draws its sup
plies from virtually every section of
the country, so that suppliers im
mediately felt the Chrysler suspension.
The company has said it spends ap
proximately *50,000,000 monthly for
supplies.
The order for a strike at the '
Chrysler plants surprised many ob
servers because of earlier statements
by union officials that negotiation re
lations between the company and the
OFFICE EQUIPMENT
WE SELL, BUY OR EXCHANGE
Desks Steel Files
Tables Steel Cabinets
Chairs Safes
BAUM’S FURNITURE HOUSE
111(1 Eye St. N.W. Phone NA. 2181
U. A. W. A. were on a most cordial
basis.
Producers had Just begun to feel
elated over the last week's wage
agreement in the steel industry as as
suring an uninterrupted supply of
that particular raw material when the
new strikes occurred. At the same
time, they pointed out that consid
erably more than steel goes into the
making of an automobile. Without
further interruption to assembly lines
a total production volume of nearly
Money for Construction Loans
and
Loans on Improved Properties
Prevailing Rates
FIRST DEED OF TR-UST ONLY
GEORGE I. BORGER
643 Indiana Ave. N.W.
Nat’l 0350
3,000,000 units by July 1 had been
looked for, but now manufacturers are
avoiding predictions for more than a
week ahead.
----—.
Murray Corp. of America—1936 com
mon share earnings were 98 cents
against $1,54.
Real Estate Loans
1st Trust
Interest
On Improved Property
Prompt Service
Loan Correspondent Provident
Mutual Life Insurance Co.
Wm. H. Saunders Co., Inc.
1519 K St.
D/at. 1015
J. BLAISE de SIBOUR Or CO.
IM§IJRMCE BROKERS
1700 Eye St. N.W. ALL FORMS OF INSURANCE NAtionol 4673
STATEMENT OF THE CONDITION
OF THE
Niagara Fire Insurance Co.
of New Yok, N. Y.
On the 31st day of December. 1936. as
required under Section 647 of the Code
of Law for the District of Columbia.
INCOME.
Net premiums $4,741,437.36
Total interest and rents. 9X3,530.08
Other income_ 235.757.94
Total income_ _ _ $5,960,725.38
DISBURSEMENTS.
Net amount paid policy
holders for losses $1,795,076.86
All other disbursements. 3.317.490.94
Total disbursements _ $5 112.567.80
ASSETS.
Real estate . O
Mortgage loans on real
estate _ _ 0
Collateral loans_. _ o
Bonds and stocks.. $25,213,546.00
Cash in company's office 400.00
Deposits in banks . 1.165.044.16
Agents' balances.. _ 973.000.29
Interest and rents due or
accrued _ 59.309.26
All other assets_ 0
Gross assets _ $27 411.299.71
Deduct assets not ad
mitted _ 38.105.17 ]
Total admitted assets $27,373,194.54 ,
LIABILITIES.
Net unpaid claims. $544 395.18
Total unearned premiums 5-29*.352.61
Other liabilities. _ 7*3.5*0.oo
Capital paid ud~- _ 2.ono.oOO.on
Surplus over liabilities.. 18.750.866.75
Total . __ $27,373,194.54
NET PREMIUMS WRITTEN DURING
THE YEAR.
District of
Total. Columbia.
Fire $3,930.8*5.47 $5,824.14
Ocean marin< 27.88
Motor vehicles 365.072.04 207.00
Earthquake 14.901.23 50.00
Inland naviga
t i o n and
transpo rta
tion . _ 182.278.09 25.68
Tornado, wind
storm a n d
cyclone . 172.904.50 5.37
Hail 32.832.32 _
Sprinkler leak
age ___ 16.318.11 .26
Riot civil com
motion and
explosion __ 26.217.72 1.25
All other __ o 0
$4,741,437.36 S6.113.7o
HERBERT E MAXSON. Vice President
G F. HAYDEN. Secretary
Subscribed and sworn to before me
this 16th day of February. 1037
'Seal. E B. KALBACHER Notary Pub
lic. Notary Public Westchester Coun
ty New York Co Clerk's No. 307. New
York Co. Reg No. 7-K-l7i> Commis
sion expires March 30, 1037.
STATEMENT OF THE CONDITION
OF THE
Philadelphia Fire & Marine
Ins. Co. of Philadelphia, Pa.
On the 31st day of December J 036 as
required under Section 64? of the Code
of Law for the District of Columbia
„ 4 INCOME.
Net premiums $1,264,540 03
Total interests and rents 225.560.38
Other income_ 03.903.12
Total Income __ $1,584,022.43
DISBURSEMENTS
Ne* amount paid policy
holders for losses._ $468.626 00
All other disbursements. 040 455 42
Total disbursements. .$1,418,080.32
„ , ASSETS.
Hf'al estate n
Mortgage loans on real *
estate _ _ O
Collateral loans_ o
Bonds and stock $4,343,765 52
Cash in company’s offlcp. 740 78
Deposits in banks . . . 620.802 76
Agents’ balances 431.525 28
Interest and rents due or
accrued _ 2° 205 1 l
All other assets. _1.157.082>5
Gross assets_ $6.585.001 30
Deduct assets not admit
ted - 74.477.91
Total admitted assets $6,510,743 30
„ liabilities:
Net unpaid ciaims $325.068.00
Total unearned premiums 1.215.430.6,8
Other liabilities_ _ 178OI] 55
Capital paid up_ 1 .non non on
Surplus over all liabilities 3 702.224.16
Total __ _ «»».'S10.743 39
NET PREMIUMS WRITTEN TURING
THE YEAR
District of
_. Total. Columbia.
Fire 5829.087.12 59.34m 40
Ocean marine 103.681 in 900 °9
Motor vehicles 114.854.57 273.01
Earthquake 1.373.13
Inland navi
gation and
transporta
_ Don __ 129.676 74 3.170,48
Tornado, wind
storm and
cyclone_ 49.832.87 65.70
Hail 16.807.29
Sprinkler leak
age _ 3.702 21 .’66
Riot. civil
commotio n
and explo
sion _ 13.759.57 19 70
Aircraft 552.47 _
Aero and Mr.
P D- 161.72 1.70
Rain 1,661.14
51.264.54.0.93 513.771 94
JOHN O PLATT President.
J. K ETSENBREY. Asst. Secretary
Subscribed and sworn to before me
this 5th day of January 1937 Seal 1
JOHN E STIMMLER Notary Public.
My commission expires April 16. 1939.
STATEMENT OF THE CONDITION
OF THE
World Fire & Marine Ins. Co.
of Hartford, Conn.
On the 31 st day of December 1036 a*
required under Seer ion *.i: of the Code
of Law for the District of Columbia
,T INCOME
Net premiums M 17340303
Total interest and rents j». t 4*»* : T
Other income __ 43 337 7 I
Total income. _«i.381 333.57
DISBURSEMENTS
Net amount naid policy
holders for losses. s17 7.",3 so
Ail other disbursement ttih j 7 .• 1
Total disbursements si.]33.035 7~j
„ , ASSETS.
Real estate None
Mortgage loans on real
estate _ ... None
Collateral loans _ NvV
Bonds and stocks 54 4*;." f»*.n •,
Cash in company s office
Deposits in banks _ __ 40.. r*7: s
Agents balances
Interest and rents due or
accrued 4 . 042 51
All other assets_ 25 IHfi
Gross assets_ 55.35,i . . ■.
Deduct assets not admit
ted __ 20.305. fi 4
Total admitted assets . 55 357.654 43
LIABILITIES.
Net unpaid claims 01.71.'.fid
Total unearned premiums l.o3" 30. i'i
Other liabilities_ . _ <u, . • ■ >.
Capita! paid up I.om* m< ■ <• •.
Surplus over all liabilities 3.136
Total _ . S.Y357 OM 4 •
NET PREMIUMS WRITTEN DURING
THE YEAR.
District of
Total Columbia
Fire _ $813.300.04 $2.( 8.43
O ^.i: : M i')
Motor vehicles 112 2*;3. 1 •• 205.01
Earthquake 151 90
Inland naviga
t 1 o n and
transpor t a
Tion 70.930 20 . _
Tornado, wind
storm and
cyclone _ 54 890 50 21.29
Han 5 i 347 22
Sprinkler leak
ace 2.859 98 .01
Riot, civil com
motion ar.d
explosion 12.024 10 2.35
Aircraft 493 55 .4
Rain- 2.402.39 None
$1,173,493 00 $2,209.07
J R STEUART. Vice President.
G H GRANT Asst. Secretary
Subscribed and sworn to before rne
this 1st day of Febi 1937. (Sea!
E. L. UPTON. Notary Public.
f^Vdu |
hUStlEDJ
\ouR KNOCK%
meveRm
__
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of the year?
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knock! Motorists have hailed the new No-Nox Ethyl as the
answer ... a fuel boosted to such a new high that it is absolutely
knockprooj—even in the high-compression 1937 cars!
Motorists have discovered that it gives more power, smoothness,
economy in any car. And—equally important—it starts instantly
•—cuts down battery wear, excess choking, crankcase dilution!
Try Gulfs new No-Nox Ethyl at the Sign of the Orange Disc.
Costs no more than other premium fuels. A tankful of No-Nox
and a crankcaseful of Gulfpride Oil can’t be topped!
CDCC AT All Pill C nr A I COO New Funny Weekly with full page of puzzles, games,
llftt HI HLL uULr UtALtKd — and other features. FUN FOR ALL THE FAMILY!
--H — P ■ * " ' * 9 ' —

Evening star. [volume], March 11, 1937, Page A-20, Image 20
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], March 11, 1937, Page A-20, Image 20 About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], March 11, 1937, Page A-20, Image 20
About Evening star. [volume] (Washington, D.C.) 1854-1972