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Evening star. [volume] (Washington, D.C.) 1854-1972, March 21, 1938, Image 17

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I
Metals and Oils Assume
Lead—Lake Shore Jumps
Sharply.
Mr the Associated Preas
NEW YORK. March 21.—The curb
market worked into higher ground to
day under leadership of metal and oil
shares.
Lake Shore was ahead more than
S points around the beginning of the
final hour and fractional gainers in
cluded Consolidated Copper Mines.
International Petroleum, Wright Har
greaves and Pantepec Oil. Newmont
Mining bounced nearly 4 points on
small turnover.
A trifle on the down side were
Aluminum Co , American Cyanamid
“B’’ and Northern States Power “A.”
«__
CURB BONDS
DOME8TIC BONDS.
_ . _ High. Low. Noon.
Am O & E os 2028 . _ lot3, HIT', 107".
Ark-La Gas 4s 5t . - loo', loo1. lon>.
As El Ind 4 'as 53 35'a 343, 35'j
As G A E 5s 50 .... 2S3. 28V, "s3I
As O A E 5s 08 ___ 27 27 27
As G A E 5'as I c ... 80 85 80
As T AT 5’as 55 A 08 07', 08
At! Gas Lt 4'v-s 55 04'. 94‘. 04'.
Bell Tel C 5s 57 B 122>« 122'.
Can No Pw 5s 53 A 103', 103', 103',
Can Pac Os 42 __ 101 ino»« loo3,
Caro Pw A Lt 5s 50 . . 833, 833, S33,
Celt Pw A Lt 5s 50 So'; 80', so'.
Cent St El 5s 4 8 32 313, 32
Cent St El SVa* 54 . 32 31’, 32
Cities 6vc 5s 58 57 57 57
Cities Svc 5s 50 57 57 57
Cities S Gas 5'2s 42 05', 05', 05',
Cit S PAL 5'as 40 513, 513, 513,
Comnty PAL 5s 57_ 50', 50 50
Com Pb Sv os 00 A _ 00', 00', 9fi>«
Con GELAP 3',s 71 ... _ 105», 105", 105",
Cont. G A E 5s 58 A ._ 73 72‘a 73
Detroit C G Os 47 A 103 m.t 103
East GA F 4s 50 A _ 733, 73‘a 73',
El Pw A Lt 5s 2030 00'a 00 00',
Emp OAR 5'as 42. 70 70 70
Erie Light 5s 07 lo.V, 105' , lo.V «
red Wat 5*as 54 05", 05", 05",
Firest Cot M 5s 48 104 ' a lt'4', 104'a
Fla Pwr coupn 4s 00 81 84 84
Florida PAL 5s 54 . SI3, 81", si3,
Gary EAG 5s 44 st 85', 85',, 85',
Gatineau Pw 5s 50_103', Iu3 103',
Gen Pub Ut O'as 50_ 70‘, 70', 70',
Georgia Pw 5s 07 84 84 84
Grand T W 4s 50 _ 88', 88', 88'a
111 Pw A L 5s 50 C. 83', S3', 83'a
Indian A M E 5 s 57 . _ 11 o'a 11 o', 11 O',
Indian E C 0'is 5.3 B. so', 80', 80',
Indhap PAL 5s 57 A .. lo.V, lo.V, 105V,
Interst Pw 5s 57 40 40 40
Interst P S 4'aS 58 F . 03 03 03
Ia-N LAP 5s 57 A 05', 05', O.V,
Jackson Ct 5s 42 ttp . 35'; 35', 35',
Jer C PAL 5s 47 B 104', 104104V.
Jer C PAL 41 as HI C... 102 102 102
L S Dlst P 3'as 00 A_ 07', 07'a 07'a
Miss Pw A L 5s 57_ 74 74 74
Miss River P 5s 51... 11" no llo
Mont-Da P 5'as 44 __ 01'a 01'a 01
Nat PAL 5s 2030 B Oil 00 00
Nebr Pwr 4',s 8] _ lo83, 10H3, los3i
Neb Pwr Os 2022 A . _ 115 1143,115
Nevad Cal El 5s 50_ 73 73 73
New Ams Cas 5s 48.. 1 lo3, 110 s, 110»k
New E GAE 5s 48 ... 51', 51', 51',
New E GAE 5s 50 . 52 5i3. 52
New E Pw 5s 48 _ so so so
New E Pw 5'2s 54 82 82 82
No Ind P S 4',s 70 E 00 00 OO
Nor Sta Pwr 3',s 01 . OO3, 00", Oil3,
Okla N G 4'as 51 A 98", os', os',
Penn Oh E Os 50 A 01', Ol'a 0'',
Pitts Steel OS 4» 02 02 02
Pw CP C 4'as 59 B . loo1, loo'. 100',
Pub S N I 4'as 18 D 103', lo.'l’, loo'-,
Pub S N I 4',s 80 E 104 104 104
Pub S N 1 4'as 81 F 103 103 103
Pub S N I 4'2s 00 I 105', 105',, lo.V,
Pub S PAL 11 -s 50 D 00', 00 00
Scuilin Steel 3s 51 44', 4t'a 44',
Shw WAP 4'aS 01 A . 103 103 103
Shw W A P 4',s 70 D. 103 103 103
8 E PAL Os 2025 A _ 84'a 84'i 84'a
Sou Cal Ed 33,s 00 . 100 100 100
Std Gas A El Os 00 B 40'. 40', 40'.
Stand Pw A Lt Os 57.. 45 44', 44s,
Tex Pw A Lt 5s 50 98', 08 OS',
Tide Wat P 5s 70 A 83'a 83', S3',2
Twin CRT 5‘as 52 A. 50 50 50
Ulen A Co 50 IV st_ 34’, 34’, 34’,
Wash W A P 5s 00 ... 102', 102', 102V,
West News U Os 44 . 30 30 30
West T Ut 5s 57 A. - 82’, 823, 82’,
Wts-Min L A P 5s 44 _ . 100', loo', loo’,
Wis P A L 4s 00 no 90 00
FOREIGN BONDS.
Danish Con 5s 53 90', OO'a 99',
Danish Con 5‘,2S 55. 00". OO3. 004,
Fin R M B 5s 01 st 107', U'2'. 102'.
Rio de Jan 0’2s 50 S', s', s',
Stmn 'Hi 4s 40 2d st 40>, 40', 40'.
ww With warrants. *v Without war
rants. n New st (stpl Stamped
^Negotiability impaired by maturity.
tCompanies reported in receivership
Washington Exchange
SALES.
Washington Gas 5s 1958—$1,000 at
105*4, $1,000 at 105’,.
Washington Gas Light com.—50 at
23. 9 at 23, 9 at 23.
AFTER CALL.
Washington Railway & Eectric pfd.—5
at 110\, 1 at llO’-j.
Bid and Asked Prices.
BONDS.
PUBLIC UTILITY.
Bid. Asked
Anacostla A pot. 5s _ 55 65
Ana A- Pot Guar 5s _ 107
CAP Tel of Va 5s _105
Car. Traction R. R. 5s_ 61 6fi
Cltv A Suburban 5s _ 58 65
Georgetown Gas 1st 5s_110
Pot. Elec. Pow. 31.5_104’i 107
Wash. Gas 5s 1958_lot3, 105V,
Wash Gas os 1960 _ 115 _
Wash Rwj & Elec 4s_ 106(4 _
MISCELLANEOUS
Chevy Chase Club 1st 4’4s 104 _
Col Country Club 1st 4’.4S 103 _
W M Cold Storage 5s 100 _
STOCKS.
PUBLIC UTILITY.
Amer. Tel. & Tel (9) *127'4
Capita! Traction Co. _ 7>4 8
N. & W Steamboat (o' 55 80
Pot Elec Pow 6C4 pf (6) _ 113
Po El Pow 5(4«3> Cf (5.501 117
Wash. Gas Lt. new .1.20).. 22 23
Wash. Gas pfd. (4.50, 100(4 _ __
Wash Ry A El com (p36) 590 _
Wash Ry & El pfd (5) 110(4 _
BANK AND TRUST COMPANY
Amer. Sec A: Tr. Co. fe8)._ 238 348
Bank of Bethesda (h75)-. 25
Capital (4) 135 141
Com As Savings (elO)_*230
Libert- (5) 150 175
Lincoln (f5) 176 240
Natl Sav A Tr 220 240
Pr. Georges Bfc. As Tr. (.50) 18 25
Riggs feS) _ 175 310
Riggs pfd (6) 10!
Washington (6) 125 140
Wash Loan As Tr (e8) _ 230 250
FIRE INSURANCE
American (6) . 115 _
Firemen's (X.20) 28 _
National Union (.75) 13(4 _
TITLE INSURANCE
Columbia (k30) 11 _
Rea' Estate (m6> 150 _
MISCELLANEOUS
Carpel Corp (»2 00' 2’ 23(4
Lanston Monotype (4) __ 68 72
Lincoln Serv com (hi.00) .. *17 21
Lincoln Service pfd (3.50) • - 50
Mergenthaler Uno 18 21
Peoples Drug 8 com (tl.OO) *26 30
People* Drug s pf (6.50) . 110>4 114
Real Est M As G pfd (.501.. 4(t 5(4
Security Storage (5) ... 108 125
Ter Ref & Wh Corp (3) 65 80
Wdwd As Loth com (tl.50) 52
Wdwd. & Lothrop pfd (7)__ 115 _II
•EX' dividend
b—Books closed.
♦Plus extras. e2% extra. 12(4% extra.
t#14 extra paid Nov 30. 1937. h76 eents
extra.' Jc30 cents extra. m$3 extra
U. S. TREASURY NOTES.
NEW YORK. March 21 OPi.—Prices
Quoted in dollars and thirty-seconds:
Approx.
Pet. Month. Year. Bid. Asked. Yield.
2%s June ’38_ 101.20 101.22 ...
2Hs Sept. '38_101.25 101.27 ___
1 V«s Dec. '38 _101.0 101.8 _
l>/as March ’39_101.10 101.18
2V«s June '39 . 102.10 102.18 .05
15as Sept. ’39_ 101.22 101.24 .19
15»s pec. '39 _101.4 101.6 .36
154s March '40_101.4 101.6 .52
mi June '40_ 101.30 102 .60
lV4s Dec. ’40 _101.29 101.31 .78
lgg March ’41—_J01.29 101.31 .83
lHs June ’41_101.18 101.20 .86
1V4S Dec. ’41 _101.4 101.6 .92
154s March ’42_ 102.23 102.25 1.03
2s Sept. '42_ 103.27 103.29 1.10
154« Dec. '42_ 102.27 102.29 1.11
FOREIGN MARKETS.
LONDON. March 21 OPI.—Stock prices
exhibited a Arm tone today as the Eu
ropean tension relaxed and traders were
also encouraged by the better Wail Street
action. Trading was active and profit
taking sales were readily absorbed. In
dustrials were in good demand, especially
coals, tobaccos and steels. Central Euro
pean bonds rallied sharply. German liens
gaining about four points. Trans-At
lantic securities finished generally higher
and home rails and mining issues held
Stetffos .—International securities moved
irregularly with Suer. Canal advancing
more than 800 francs and Royal Dutch
gained about 20. Rentes finished 10
centimes down to so higher and the
industrial group was generally firm at
hkher prices.
NEW YORK CURB MARKET
(By private wire direct to The Mar.)
Stock and Salta—
Dividend Rate Add 00 Htib Low Clott
Aero Sup B 12 %g 1 3% 3% 3%
Agfa Ansco BOg BOa 31 31 31
Ala Pow pf (6)... 100a 49 49 49
Alles & Fisher_ 1 2% 2% 2%
Alum Co Am_ 300a 76 73% 73%
Alum Ltd _100a 88 88 88
Am Airlines . 1 10% 10% 10%
Am Box Bd 1.55g. 2 8 8 8
Am Centrifugal . 2 2% 2% 2%
Am CP&L B 30g. 6 2 2 2
Am Cyn B COe _ 8 21% 20% 20%
Am Gas&El 1.40.. 9 23% 23 23
Am Lt & Tr 3t)e_ 1 12 12 12
Am Maracaibo 8 % % %
Am Republic 40g 1 6% 8% 6%
Am Seal Kap.20g 3 4 3% 3%
Am Sup Power 26 % % %
Am Sup Pw pf 1 12 12 12
Angostura!. lOe). 1 3% 3% 3%
Apex Elec 60g_._ 2 13% 12% 13%
Ark Nat Gas ... 13 3 3
Ark Nat Gas A 10 3% 3 3%
Ark Nat G pf 60g 1 6% A% 5%
AshldO&R 40 .. 1 3% 3% 3%
As G & El _ 2 % % %
As G & El A_ 18 1 % 1
As G & El pf ... 1 6% 6% 5%
At Cst Fish .35g.. 11 3 3 3
Atlas Corp war . 6 0 % {)
Atlas Plyw'd 2Be 5 9 8% 9
Austin Stiver at 9 % ft, fj,
Automat Prod . 6 It* 1% 1%
Babcock & W .25e 100s 84 79% 79%
Baldwin Lo war 9 3% 3% 3%
Baldwin Rubber. 17 7 7
Bardstn DIs ,075g 2 1% 1% 1%
Barium Stain Stl 61 1% 1% It,
Bath I W <6%f> 7 6% 5% 5%
Bell T Pa pf!6 % ) 10s 118 118 118
Berk&Gay Furn 6 % % %
Blrdsb S F 1.26g. l 7% 7% 7%
Blauners (1)- 25s 11 11 11
Bliss IE W) _ 1 7 ? 7
Bowman Blit 2 % % %
Bowman Blit 1 pf 60s 12 12 12
BrazT&L 50e . 3 9% 9% 9%
Bridgep’t Mach . 3 8 7% 7%
Brill A 1 2% 2% 2%
Brit A Oil cou.25e 1 19 19 19
Brown Co pf 200s 23 20% 21
Brown F&WI.60)- 1 7% 7% 7%
Brown F Dist 1 2% 2% 2%
BN&EP 1 pf(5) . 60s 95 95 95
Can C&Fpf 1.75 25* 20H 204 204
Can Ind Ale B ... 1 24 24 24
Can Marc Wire... 11 l l
CaribSyn 50g_._ 4 14 14 14
Carnegie Met_ 2 4 4 4
Carrier Corp _ 10 264 25 25
j Casco Prod 1.30e 2 94 9 9
Catalin Am 6 24 24 24
Celanese 1st (7a) 50s 70 70 70
Celluloid pf 25s 19 19 19
Cent Ohio St 25e 17 7 7
Cent P&L pf (7) 75s 72 72 72
Cent & Sw lit 1 14 14 1 a*,
i Centrtf Pipe 40 1 34 34 34
Chi Flex Shft<4) 100s 504 504 504
Cities Service ... 60 14 14 14
Cit Serv pf _ 1 30 30 30
Cit Svc P $7 pf .. 25s 434 434 434
Claude Neon Lt._ 3 14 14 14
Colon Develop_ 2 24 24 24
Col Fuel&l war.. 3 54 44 44
Col G&E pf (5)... 25s 51 61 61
Col O & G 40b 6 34 34 34
Comwlth & So wr 21 * 4 4
Compo Sh vtc(l). 1 13 13 13
Con Cop M 12 4e 6 54 5 5
Con G&E B 3.60 . 2 614 614 614
Cons Steel Corp . 2 4 34 34
Cord Corp _ 15 14 14 14
Cosden Petro_ 18 14 14 14
Cosden Pet pf .. 1 84 84 84
Creole Pete 60a . 8 23 224 224
Crocker Wh lOg. 16 6 6
Croft Brewing 6 4 4 4
Cro n Cen Pet lOg 5 34 34 34
Crown Drug . 2 14 14 14
Cusi Mex ... 41 * & A
Darby Pet .25e 1 74 74 74
Dayton Rub _ 4 84 8 84
Derby Oil ... 1 24 24 24
Det Gray Ir 04a.. 2 14 14 14
Det Steel Prod... 1 19 19 19
Dom St & Coal . 5 124 12 12
Eagle Pit Ld lOe 5 94 94 94
E G&F 6 pf 1.50k 100s 254 254 254
East Sta Corp _. 3 14 14 14
Easy Wash M B.. 1 34 34 34
Eisler Electric .. 4 14 1 14
El Bond & Sh . 13 64 64 64
El Pwr Asso 37g 2 24 24 24
El Pwr As A 37g. 9 24 24 24
Elect Share 1 14 14 14
Elect Sh pf <6h) _ 50s 69 69 69
Electro! vtc . 2 14 14 14
Equity Corp .244 4
Ex-Cell-O c.20e). 8 124 114 124
Fidelio Brew_ 10 4 4 4
Fisk Rubber . 6 6 6 6
Ford M Can Ail) 1 164 164 164
Ford M Ltd 213g. 5 54 5 5'%
Gen Alloys .. 3 14 14 14
Gen Rayon (A).. 1 14 14 14
Gen Tele (1) ... 2 11 11 11
Gilbert A C.6214g 1 54 54 54
Glen Alden ,50g . 2 54 54 54
Godchaux Sug B 2 154 15 15
Grand Nat Films 1 4 4 4
Gt Nor Pap (la). 100s 274 274 274
Green Tap &D _. 2 54 54 54
Gulf Oil (.25e) ... 16 38 374 374
Hall Lamp ,30g . 2 24 24 24
Hazeltine (3 2 154 154 154
Hearn Dep Stores 1 54 54 54
Hecla Mining.lOe 8 9 84 84
Hires (A) (2) 200s 414 40 414
Hollinger 65a* 23 124 114 114
Horn&Hardt 1.20 25s 234 234 234
Hudson Bay l.TSg 14 254 25 25
Hummel Ross F_ 1 44 44 44
Hygrade Food . 1 14 14 14
111 Iowa Pow pf _ 1 16 16 16
Imp OU Can 50a. 37 174 174 174
Im Tob Br 1.207g 1 324 324 324
Ins C-N Am (2a). 100s 564 554 554
Int Holding ..6 1 1 1
Inti Pa&Pw war. 3 24 24 24
Inti Pet (114a)... 9 29 284 284
Int Util B _ 14 4 4
Interst H Eq .44.. 1 34 34 34
Inters Pw Del pf 20* 34 34 34
Iron Fire vtc 1.20 50* 154 154 154
Irving Air Chute. 1 94 94 94
Jacobs Co < 2g) . 8 54 54 54
Kingston Prod 6 2% 2 2%
Kirkld LGM 09g 10 1% 1% 1%
Lack RR NJ (4). 20s 39 39 39
Lake Sh M 14a) . 16 51% 49% 49%
Lakey F&M 15*. 2 2% 2% 2%
Leh C & Nav .30_. 16 5 4% 4%
Leonard Oil ..7 ft, %
Le Tourneau (1). 1 16% 16% 16%
Lion Oil (1) ... 4 20% 20 20
Lockheed Aire .. 6 8 7% 7%
Lone Star G .20*. 1 7% 7% 7%
Long Island Lt.. 4 1% 1% 1%
Loudon Pkg .. 2 1% 1% 1%
La Land & Ex .40 2 7% 7% 7%
Lynch Corp 60e 50s 31 31 31
McCord Rad(B). 1 2% 2% 2%
Me Wilms Dredg. 3 9V 9% 9%
Mesabi Iron ... 1 ft, ft, ft,
Mich Bumper ... 4 H % •%
Mich Gas & Oil . 3 3% 3% 3%
Mid St Pet A vtc. 1 2Vj 2% 2%
Midwest Oil (l) 2 7% 7% 7%
Mock Jud Vo.loe 18 8 8
Molybdenum< lg) 3 4% 4% 4%
Mngrm Pictures 2 1% 1% 1%
Mont Ward A(7) 30s 133 133 133
Mon LH&P 1 % 100s 28% 28% 28%
Moore <T) Dist . 2 1% 1 1
Moun Cit C 25g_. 22 6% 6% 6%
Mount Prod .60 . 1 5 5 5
MtStT&T 1.75e. 40s 115 115 115
Murry(O) .15e._. 17 7 7
Nat Bellas Hess. 13 % % %
Nat Contain (1) 3 7% 7% 7%
Nat P & Lt pf (6,) 200s 47% 46% 46%
Nat Rub Mch .. 1 3% 3% 3%
Nat Service pf... 1 1% 1% 1%
Nat Union Rad 1 % % %
NeptunetA) 50g 17 5 5 5
N J Zinc <.60e> 100s 57% 57% 57%
NY & Hon R ,75e 50s 28 28 28
N Y P&L 7 pf 10s 97 97 97
N Y Shipbldg F . 1 6% 5% 5%
Nswmont M .60e 2 59% 59 59
Niag Hudson 40* 9 7% 6% 6%
NiagSMdB 60g 2 4% 4% 4%
Niles-Bern .60s 4 31% 30% 30%
Nor States Pw A. 2 9% 9% 9%
Ohio Oil pf («) .. 2 108% 108% 108%
Okla Nat Gas pf.. 60s 28 28 28
Oldetyme Dist 2 1% 1% 1%
Pac G&E 1st 1.60. 1 29 29 29
Pac Pub Service 1 4% 4% 4%
Pan-Am Air 26s 2 13% 13% 13%
Pantepec Oil 37 6% 6% 6%
Parker Pen (2).. 40s 15% 15% 16%
Pennrnad 25g 9 2% 2 2
PennG&E(A) 1 4% 4% 4%
Pa P & Lt pf ( 7) 25s 84% 84% 84%
Penn Salt 1.25e 25s 140% 140% 140%
Phoen Sec pf 3 .. 50s 16% 16% 16%
Pierce Gov .60 1 14 14 14
Pioneer Gld 40 1 3 3 3
Pitney-Bow 10s 13 6% 6% 6%
Pitts Forg 5 5% 5% 5%
Pitts Metallurg.. 16 6 6
Polaris M 03g .. 20 8% 8% 3%
Potrero Sugar .. 1 % % %
Powdrell * Alex. t 8% 8% 8%
lPrsmierGold.lt. 1 2 2 2 1
i
Stock end Sales—
Dividend Rate. Add 00 Blah Low Close
Prod Corp 4 H Mi '4
Prudent Inv .30* 1 514 514 5*4
Pb SvColo pf(8). 20s 98 98 98
P S Ind $6 pf . 20s 17»4 17H 17*4
P S Ind $7 pr pf . 20s 29 29 29
Pu*SPS5pf 6.25*. 25s 28 28 28
Pub Sd P 16 pf... 60s 1314 13'4 1314
Pyrene 70* ... l 6U 6l4 6'i
Quebec Pow (1). 200s 14*4 13*4 14R4
Ry&Lf Sec .50* _ 50s 814 814 814
Reed Ro Bit ,80a. 1 26 25 25
Reiter Foster 3 % H »4
Reliance E&E.26* 1 10 10 10
Reybarn (.10*).. 2 214 2»4 2>4
Reynolds Inv_ 2 *4 *x *4
Rio OrVO vtc__ 5 4 H 4
Rome Cable_ 16 6 6
St Kegis Pap ... 35 3 2’4 214
Schiff Co (,25e).. 1 10 10 10
ScoviU Mfg 60e.. 1 22 22 22
Sculltn Steel war 4 14 14 14
Segal Lock 8 ’» 14 74
Select Industries 2 lit t|
Selec Ind cv 1.50* 50s 714 7'* 7'
Sel Ind al ct 514 100s 5714 5714 57*4
Sel Ind pr pf 514 100s 5614 56'* 56'-!
Seversky Aire 14 2b* 2R» 2*«
Shattuck Dn .25* 9 7% 7 7*»
Sonotone (.25*) 1 114 1»« 1*4
South Coast ,15e. 3 2'* 2 'x 2\
So Penn Oil 1.50a 1 3614 361* 36'i
SoCalEpfC1.3714 1 24"i 24R4 24Ri
St Oil Ky (1) 1 17 17 17
Stand O Neb 25g 2 714 6T4 67i
St Pow & Li . 9 1 1
Stand Silv & Ld 2 14 >4 14
Stand StSp 1.25* 2 6R< 6*. 6\,
Starrett Cor vtc.. 23 414 314 3V»
Sterling Inc 20.. 1 214 214 2V»
Stetson (JB) ._ 60s 6 6 6
Sunray Oil .25*.. , 3 2R4 2*4 2R4
Taggart .. ^ 1 4 4 4
Tampa El (2.24). VI 28% 28% 28%
Taylor (K) Dist. 4 111
Technicolor 75g. 14 19% 18% 38%
Tech Hahs 20e . 5 4% 4% 4%
Texon OH 30e . 3 4 4 4
Toh Pro Ex .27og 1 2% 2% 2%
Todd Shlpy'd le 50s 50 50 50
Toledo Ed pf(7) 30s 99 99 99
Trans-Luxt 20a) 2 2% 2% 2%
Transwest Oil .. 4 5% 5*, 5%
Tri-Cont war 2 % % •%
Tubize Chatillon 3 7% 7% 7%
Tung-Sol L 40g.. 2 2% 2% 2%
Unexcelled Mfg 1 1% 1% 1%
Un Gas Cant.2Ue) 10 12% 12% 12%
Un Invest (la) .. 1 5 5 5
Un Prem F S (1). 1 12 12 12
United Aire war. 2 8% 8 8
Unit Gas 14 3% 3% 3%
Unit Gas pf (7) . 1 82 82 82
Unit Lt & Pow A 20 2% 2 2
Unit Shipyds A 11 7 6% 6%
Unit Specialties 14 4 4
US Foil (B) _ 3 5% 4% 4%
U S Rub Reel __ 1 2% 2% 2%
United Strs vtc1 % % %
Unit Ver Ex 3g .. 3 1% 1% 1%
Unit Wall P log. 3 2 2 2
Utah Radio Prod 2 1% 1% 1%
Venezuela Petrol 20 1 1 1
Waco Aircraft . ] 2% 2% 2%
Wayne Knit Mlg 2 fi% 6% (i%
Welling Oil ,05g . 3 4% 4% 4%
WestVaC&C 23 1% 1% 1%
Williams RC .15e 15 5 5
WllLCafpf(r) 2 % % %
Wolverine T .40g 5 6% 5 5
Wright Harg ,4Ua 27 7% 7 7%
Yukon Gold .04e. 1 1%, 1% ]%
t In oanUruDlcf or receivership or being
reorganized under the Bankruptcy Act or
securities assumed bv such companies
Rates of dividends in the foregoinz table
are annua' disbursements baaed on ih*
last quarterly or seinl-annual declaration
Unless otherwise noted sDecta' or eztra
dividends »re not Included
a Also extra or extras e Declared or
paid so far this year no regular rate.
!f Payable in stork e Paid last year,
h Cash or stock k Accumulated dividend
paid or declared this vear ww With war
! rants xw without warrant* war War
! rants
I ----
INSURANCE STOCKS GO
TO NEW YEAR’S LOW
Sperm! Dispatch to The Star.
NEW YORK. March 21.—Insurance
j stocks in the New York City Market
closed the last week at a new low for
, the year, according to records compiled
j by Hoit, Rose & Troster.
The aggregate value of 20 leading
Are and casualty insurance issues on
March 18 totaled $506,065,000 (the
new low), compared with $522,234,000
at the close of the previous week, a
decrease of $16,169,000, or 3.10 per
cent
The current average yield of the 20
issues is now 4.54 per cent, compared
with a yield of 4.40 per cent on March
11. The current market value equals
81 per cent of reported liquidating
value, compared with 83 per cent a
week ago.
INVESTING COMPANIES
NEW YORK. March 21 i/P).—Investment
Bankers Conference. Inc.:
iNoon quotations.'
Bid. Asked.
Admin Fd 2nd Inc _ 10,80 11.55
Am Bus Shrs cnew) _ 3.12 3.45
Am Oen Eq Inc _ .57 .65
Am Ins Stocks 4.50 4.75
Bancamer Blair _ 3.025 4.625
Bankers Nat Inv Corn_ 1.78 2.23
Basic Industry 2.88
Boston Fund Inc_14.33 15.33
Broad St Inv _ 20.04 22.40
Bullock Fund . _12.125 13.25
Corporate Trust A A_ 1.95 _ _
Corp Tr A A mod _ 2.34 _
Corp Tr Accum Ser_ 1.95 _
Corp Tr Acc mod _ 2.34 _
Cumulative Tr Sh _ 4.06 _
Depos Bk Sh N Y ■'A”_ 1 47 _
Depos Ins Shrs “A"_ 2.02 _
Depos Ins Shrs "B"_ 2.49
Diversified Tr C_ 3.20
Dividend Shrs _ 1.12 1.22
Equity Corp $3 pi_ 20.00 29.00
Fidelity Fund Inc_ 17.52 18.87
First Boston Corp _13.00 14.50
Fiscal Fund Bk Sh_ 2.40 2.00
Fiscal Fund Ins _ 3.01 3.55
Fixed Trust Sh A_ 7.95
Fixed Trust Sh E _ 0.18
Foreign Bond Assoc_ 0.55 7.11
Found Tr Sh A _ 3.50 3.75
Fund Investors Inc_14.58 15.75
Fund Tr Shrs A _ 4.23 4.75
Fund Tr Shrs B_ 3.83
Gen Capital Corp_ 27.00 29.77
Gen Investors Tr _ 4.20 4.57
Group Sec Agriculture_ 1.04 1.14
Group Sec Automobile_ .72 .80
Group Sec Building_ 1.00 1.16
Group Sec Chemical_ 1.12 1.22
group Sec Food _ .71 .79
roup Sec Invest Shrs_ .02 .09
Group Sec Merchandise_ .82 .90
Group Sec Mining _ 1.12 1.22
Group Sec Petioleim_ .99 1.08
Group Sec R R Equip_ .03 .70
Group Sec Steel _ 1.04 1.14
Group Sec Tobacco_ .88 .07
Huron Holding _.43 .73
Incorp Investors 15.52 10.09
Insti Sec. Bank Group_ 1.08 1.19
Instl Sec. Insurance_ 1.17 1.30
Investors Fd “C" Inc_ 9.03 9.59
Keystone Custodn B 2__• 19.03 21.75
Keystone Custodn B 3_12.51 13.71
Keystone Custodn* K 1_13.38 14.00
Keystone Custodn K 2_ 8.73 9.50
Keystone Custodn S 3_ 12.74 13.05
Keystone Custodn S 4_ 4.09 4.54
Major Shrs Corp._ 2.00
Maryland Fund _ 5.22 5. <2
Mass Invest Tr_18.33 19.4 o
Mutual Invest _ 9.72 10.03
Nation Wide Sec _ 2.05 2.75
Nation Wide Voting_ 1.11 1.24
Natl Investors _ 4.,6 5.07
New England Fund _11.30 12.13
N Y Stocks. Bk Stocks — _ 7.02 8.26
N Y Stocks. Bldg Supply.- 0.18 0.70
N Y Stocks. Elec Equip_ 6.62 7.l7
N Y Stocks. Insurance -- 8.14 8.81
N Y Stocks, Machinery - 7.27 7.87
N Y Stocks, Oils -- 8.3o 9.03
N Y Stocks. R R Equip.- 0.07 0.q8
N Y Stocks. Steel - 7.09 7.68
North Am Bond Tr ctfs _ 48.625 -
Nor Am Tr Shares 1053 __ 1.88 -
Nor Am Tr Sh 1055 - 2.31 -
Nor Am Tr 8h 1956- 2.27 -
Nor Am Tr Sh 1058- 2.07
Plymouth Fund Inc -.36
Puarterly Income Sh -- 10.07 11.12
Schoellkopl-Hutton&Pom. - l.oo 1.75
Selected Am Sh Inc- 8.39 9.15
Selected Income Sh- 3.05
Sovereign Invest - -62 -60
Spencer Trask Fund-13.41 14.12
Stand Am Tr Shrs- 2.15 2.45
Stand Util Inc - .40 .43
Super of Am Tr A - 2.85 -
Super of Am Tr AA- 1.88 -
Super of Am Tr 4- 2.9 < -
Super of Am Tr BB- 1.88 -
Super of Am Tr C- 5.05 -
Super of Am Tr D- 6.06 - -
Supervised Shrs - 8.62 9.37
Trustee Stand Inv C- 2.10
Trustee Stand Inv D- 2.04
Trusteed Am Bk “B - .57 .63
Trusteed Industry Shrs— .82 91
Wellington Fund -11-95 13.18
DIVIDENDS ANNOUNCED
NEW YORK. March 21 (IP).—Dividends
declared:
Regular.
Pe- Stk.of Pay.
Rate. riod. record, able.
Langendorf Bakeries *SOe 3-31 4-18
Mar-Tex Oil - 8c Q 3-23 3-31
Do A 8c Q 3-23 3-31
Peninsular Tel -40c Q fl-18 7-1
Pierce Governor--. „ 18c 3-31 4-11
Russeks •‘A" 12 We ... 3-28 4-1
Dmimh.
Goodman Mfg tBe , 8-31 3-81
•Payments in future will be seml-an
nually. 3
k
KENNECOn NETS
1937 Profit Compares With
$2.36 a Share Shown
for Previous Year.
By the Associated Press.
NEW YORK. March 21.—Kenne
cott Copper Corp. reported 1937 con
solidated net income of $49,822,393
after all ^axes and reserves and $6,
473,882 for depreciation and retire
ments. This was equal to $4.60 a
share on the capital stock outstanding.
Before provision for depreciation and
retirements earnings were $56,296,278,
or $5.20 a share.
In 1936 consolidated net income was
equal to $2.82 a share before depre
ciation and retirements and $2.36 after
such charge-off. *
Production of copper amounted to
916.903,179 pounds in 1937, compared
with 578,943,053 in 1936. Deliveries
against sales totaled 756,411,221
pounds against 567,454,983 in the pre
ceding year. Altogether 40,335,776
tons of ore was treated at the com
pany’s six mining properties in the
United States, Alaska and Chile.
Mengel Co.
The Mengel Co., Louisville, Ky., and
Its subsidiaries, makers of lumber
products, reported a consolidated net
income for the year 1937 of $360,373,
after all charges, including a flood
loss of $125,612. This is equivalent,
after preferred dividend requirements,
to 56 cents a share and compares with
$279,806, or 15 cents a share, in 1936.
Principal properties are in Southern
States.
W. T. Grant Co.
The W. T. Grant Co., nationally
operating chain store concern, report
ed a consolidated net income of $3.
401.725 for the year 1937, equal to
$2 78 a share, compared with $4,
594.379, or $3.84 per share, in 1936.
Skelly Oil Co.
Skelly Oil Co. and subsidiaries re
ported today net income for 1937 of
$6,090,546. or $6.06 per share of com
mon stock. This compares with net
income of $4,452,514, or $4 42 a share,
in 1936.
Hecla Mining Co.
Heda Mining Co. reported net
profit of $1,343,021 for 1937, after
$62,680 net inventory decrease, but be
fore depletion. Thus was equal to
$1.34 a share, compared with $924,
604, or 92 cents in 1936. The com
pany's principal holdings are located
at Burke and Gem, Idaho.
Magma Copper.
Magma Copper Co. and Magma Ari
zona Railroad Co. reported 1937 con
solidated net income of $1,456,332,
equal to $3.57 a share, compared with
$1,297,989 or $3.18 in 1936. The com
pany's property is located near Su
perior, Ariz.
Ohio Oil Co.
Ohio Oil Co. and subsidiaries re
ported a net profit of $11,862,107 for
the year 1937, equal to $1.31 a share,
compared with $7,881,571, or 70 cents
a share in 1936.
Richfield Oil Co.
Richfield Oil Co. and subsidiaries
reported a net profit of Sl.406.456
for the period from March 13, 1937, to
December 31, 1937. This was equal
to 35 cents a share. Having passed
through a period of reorganization,
no comparison with a previous period
is available.
Commonwealth Edison.
CHICAGO, March 21 (^.—Com
monwealth Edison Co. and subsidiary
companies reported consolidated net
income of $16,202,437 for 1937, com
pared with $11,289,740 in 1936.
The 1937 earnings were reported
equal to $2.45 a share, as against
$1.90 the previous year.
A reduction of $1,951,902 was made
for the net income of subsidiaries ap
plicable to stocks acquired, for periods
prior to acquisition. The report noted
also that capitalization of all indirect
construction expenditures, which was
begun last year, would have increased
the 1936 net profit by approximately
$1,600,000.
-«-- . -
NEW YORK LIVE STOCK.
NEW YORK- March 21 i-Pi (State De
partment ot Agriculture'.—Cattle. 1.980.
including 1,270 direct. Steers steady and
scarce, one load strictly good. 1.258 pounds,
sold at it.lo. Bulls slow and 25 cents
lower. Cutter to medium grades 5.00
0.75. and a lew thin lightweights down to
4.50; tops on bulls. 7.00. Cows fully
steady, low cutter and cutter cows 4.00
5.25: a few poor grades down to 3.50;
most common and medium fat cows. 5.50
6.25.
Vealers and calves. 5 110. including
4.140 direct. Vealers 50 to 75 lower than
Friday. A few choice medium weights.
12.00-12.50: merely good Southern. 10.25.
Calves .>0 to 75 lower, common to medium
ligntweights. 4.50-9.00: some very cully
lightweights as low as 3.00. The bulk of
the receipts were culls, common and me
dium grades of Canadian, nearby and
Southern.
Sheep and lambs 9.940. including 9.850
direct Not enough lambs to establish a
market. Small lots and good handy
weights. 8.50-9.50: common thoroughouts.
7.00. Sheep lower, medium aged shorn
ewes. 4.50.
Hogs. 8.820. including 8.710 direct.
Market 10 cents lower. 186 pounds, 9.65.
—--•-—
PHILADELPHIA PRODUCE.
PHILADELPHIA. March 21 OP).—Cheese:
Longhorns. 16-10',: single daisies. 16-16V,.
Live poultry: Fowls. Plymouth Rock,
fancy. 22: mixed colors. 21; White Leg
horns fancy. 19: average, 17-18: old
roosters. 15-1,: Wollers. Plymouth Rock,
fancy. 21-22; ordinary. 18-20: Reds and
cross-bred fancy. 20-22: ordinary. 18-19;
roasting chickens. 23-24; ducks. White
Pekin, fancy, young. 17-18: Muscovy
Whites. 20; blacks. 19
Dressed noultry: Fowls, fresh killed, in
bo?.SS' old toosters. 16-18'.,.
Wheat—No. 2 red garlicky. 88',.
®,u,tfer'7r,ToD , grades. 31*4-3592.
Jl-31 91. 30*4: 90. 30'a: 89, 30: 88, 29.
Eggs—-Steady: 1.267 cases. U. S', ex
tras whites. 22-24: browns. 21V,-23:
standards. 1 and 2. 19V,-20',: 3 and 4.
18,-19; trades. 17-18; mediums, extras
or better, whites. 20-21: standards. 17-18.
* t '
Average Wholesale Prices 1934-1938
(The 1926 average is taken as 100 in chart below.)
index 1926-100
9°TTn—□- -
85.
80_
*77*
70
i
65LULL i i i i i i i i i i i i i i i i i i i i ii I it i m 1 *- ■ ■ i i i i ■ i ■ ■ ■ ■ ■ ■ ■ I ■ ■ ■
JFMAMJJASONDJFMAMJJASOND JFMAMJJASONDJFMAMJ jAsON DJFMAMJJASOND
1934 1935 1936 1937 1938
SOURCE OF DATA: U. 5. BUREAU OF LABOR STATISTICS iww _
Standard Statistics Finds
Basis Now Laid for
Vigorous Rise.
SptcUl Dispatch to The Star.
NEW YORK, March 21.—In an ex
tensive survey covering the entire resi
dential building field, with especial
reference to the influence of the
recent amendments to the Federal
Housing Act, the Standard Statistics
Co. concludes that anything approach
ing a building boom in 1938 is un
likely, but that the basis has been
laid for a vigorous revival in the buid
ing industry, which will probably be
witnessed just as soon as general busi
ness conditions permit.
Field investigations were made
among lenders, borrowers, contractors,
potential home owners and the various
Federal agencies concerned with build
ing, in collection with the study.
Among the specific conclusions ar
rived at are the following:
"The Government's efforts to stim
ulate building have met with gratify
ing response in many quarters. A
number of new products have been
proposed, developments dormant since
the slump in this field a year ago have
taken on new life, and a great deal
of the gloom which pervaded the in
dustry at the turn of the year has been
dissipated.
"The amendments to the Federal
Housing Act will undoubtedly create
a volume of building this year greater
than that which otherwise would have
developed.
"Earlier indications that the busi
ness slump would result In a sharp
contraction in residential construction
appear to have been overstressed.
"Large-scale rental projects of the
lower-cost type will probably exceed
the volume of such building a year
ago, and perhaps by a substantial
margin.
“The demand for dwellings in the
low-priced field has recently increased
sharply, and the number of such
homes under construction may rise
above the comparable 1937 level later
In the year.”
CHAIN GROCERY SALES
FALL BELOW YEAR AGO
By the Associated Press.
Daily average sales of chain grocery
stores for February were about 4 per
cent below the dollar volume for that
month a year ago, when they were
higher than for any month since June,
1931. the Department of Commerce
reported.
GRASSHOPPERS FOUGHT.
For his never-ending fight on the
lowly grasshoppers and crickets. Uncle
Sam has set aside $2,000,000 in 1938.
This "war budget" is only a small
fraction of the total value of crops
which these pests destroy each year.
Engravers ani{FinePrinters
1217 G STREET
‘Producers of Distinctive
^Husine&s (Stationery
s'is^Business Cards
Let us add power to
your Business Correspondence
Phone -for our Representative
without cUijntion
PHONES PI. 4888-4869
First
Mortgage
Money
For
CONSTRUCTION
LOANS
and
LOANS ON
IMPROVED
PROPERTY
in the
District of Columbia
Nearby Maryland
•' and Virginia
Also
Monthly Payment
Loans
Prompt Action
B. F. SAUL CO.
925 JSth Street Nad. 2100
i
NEW YORK BANK STOCKS
DOWN 3.56 PER CENT
Specif! Dispatch 16 The Star.
NEW YORK. March 21— New- York
City bank stocks dropped to a new
low for the year on the closing day
of the last week, according to records
compiled by Holt, Rose & Troster, the
aggregate market value of 16 leading
issues at that time amounting to
$1,296,436,000.
There was a slight improvement
later in the day, however, the 16 issues
closing the week, March 18, at $1,306.
102.000, compared with $1,354,363,000
at the close of the previous week, a
decrease of $48,261,000, or 3.56 per
cent.
The current average yield of the 16
issues of 5.05 per cent, compares with
a yield of 4.87 per cent on March 11.
CHICAGO LIVE STOCK.
CHICAGO, March 21 UF) (United States
Department of Agriculture).—Largest re
ceipt* since last January broke the fat
steer market today. Steers with weight
predominated in the crop attracted by
recent upturns. Feeder cattle continued
scarce and active however Moderate
runs dominated hogs and lambs, but hogs
sold off and the markeF on lambs was
slow, with the top under SO
Hogs. 16.000. including 5.000 direct;
market slow, mostly 10-15 lower than
Friday's average; top. 9.50: bulk 180-790
pounds. 9.00-45. 290-350 pounds. 9.75
9.05: good and choice 140-170 pounds.
9.00- 40: good 375-600 pounds packing
sows. 7.85-9.15; smooth light butcher
Hinds. 9.25-40.
Cattle. 16,000; calves. 1.500: bidding
75-50 lower on fed steers scaling 1.100
pounds upward: little done: light steers
and yearlings unevenly weak to 25 lower;
largely steer run. kinds scaling over t loo
pounds in liberal supply, early top light
steers 9.75: heifers weak to 25 lower,
mostly 75 down on weighty kinds: beef
cows. 10-15 off. cutter grades slow, steady:
bulls. 10-15 lower at 6.00 down: veaiers.
7.00- 9.00 on light kinds, these dull prac
tical top weighty veaiers. 10.Oo: few 10.50;
Stockers and feeders scarce
8heep. ll.ooo. including non direct fat
'ambs opening slow, practically no early
sales: buyers talking around 8.50-60 on
lambs now held 9.75 and above as yet
no action on clipped lambs, indications
steady to easier on sheep: few ewes here.
VISIBLE GRAIN SUPPLY.
NEW YORK, March 21 —'The
visible supply of American grain shows
the following changes, in bushels:
Wheat decreased 2,866.000. corn in
creased 123,000, oats decreased 699,000,
rye decreased 143,000, barley decreased
220.000.
— •
Celotex Corp.—January quarter pre
ferred share earnings were 29 cents,
against S9.23.
CLEARING HOUSE ISSUES
REPORT AT NEW YORK
By tile Associated Press.
NEW YORK. March 21—Thp week
ly statement of the New York Clearing
House shows total surplus and undi
vided profits decreased $2,087,900. to- 1
tal net demand deposits iaverage) in
creased $21,680,000, time deposits
(average) decreased $22,740,000. clear- |
Ings, week ending today, $3,557,700,
925; clearings, week ended March 12,
$3,207,900,118.
FOREIGN EXCHANGES.
NEW YORK. March 21 'TV—European
currencies slipped a little lower today in
terms of the dollar.
Sterling lost oi a cent and the French
franc declined .03 of a cent. The Holland
guilder held a week-end rally, dipping
only .01 of a cent. The Belwa was on
.02*2 of a cent and the Swiss lranc .00 »4
of a cent
In London the dollar fell of a cent ;
to close at 4.9b1* to the pound The Amer- '
lean unit in Paris was moderately stronger.
Noon rate:, follow
Great Britain in dollars, others in cents
Great Britain, demand. 4.9o. cables 4.9U;
00-day bills. 4.95 iV France, demand
2Uj a. cables. 3.04‘a. Italy, demand.
5.20*2: cables 5.20*2.
Demands: Belgium. 10.82V Germany
free. 40.15: registered. 19.To: travel. ^4.45.
Holland 55.27: Norway 24.92: Sweden ;
25 55: Denmark. 22.14; Finland. 2.20’ 2:
Switzerland. 22.92*4- Spain unquoted:
Portugal 4.51*2: Greece. .91: Poland.
18.95: Czechoslovakia 3.49'a; Yugoslavia.
2.35: Austria unquoted Hungary, jo.oo
Rumania .75: Argentina. 33.08n: Brazil
'free-. 5.85n. Toklo 28.85: Shanghai, i
28.15: Hong Kong 31.00; Mexico City un
quoted Montreal in New York 99.43V :
New York in Montreal, 100.56U.
n Nominal
Sharp Rise Seen
In Construction
For Eleven Weeks
By the Associated Press.
NEW YORK, March 21.—Major en
gineering construction awards In the
first 11 weeks of 1938 were the best
for any like period since 1929. En
gineering News-Record reported.
The total for the period was $575,
027.000. an increase of 22 per cent over
$470,056,000 in the first 11 weeks of
1937.
Of this total, $262,216,000 repre
sented private awards, an amount of
13.5 per cent in excess of private
awards in the 1937 period, and $312,
811.000 was public, a gain of 31 per
cent over a year ago.
The public construction total In
cludes $239,733,000 of State and munic
ipal awards and $73,078,000 In Fed
eral awards, increases of 21 and 80
per cent, respectively, over the like
period of 1937.
"The private construction gain Is
due entirely to the high commercial
building volume, $185,000,000. in the
period," the publication stated, adding
this class of work was aided materially
by the rush In New York City to file
plans before the new building code
went into effect early in the year.
- ■ - >■■■■„.
TOBACCO AVERAGE HIGHER.
NEW YORK. March 21 (/P).—Aver
age price of United States type 12,
grade B4F, flue-cured tobacco for the
week ended March 19 advanced to
22.5 cents a pound from 22.4 cents in
the preceding week, H. A. Stich, to
bacco economist, reported. A year ago
the weekly average was 20.4 cents.
We Will But 0
2nd TRUST NOTES
On Improved D. C. Property
• COMPANY •
"Evert/ Phase of Peal Estate"
807 15th NA. 8032
Money for Construction Loans
and
Loans on Existing Properties
5%
FIRST DEED OF TRUST OKU?
GEORGE I. BORGER
643 Indiana Ave. N.W.
Nat’I 0350
tyousi Sauuuffi
EARN MORE WITH |
jn&uned
L J
■ AT INTERSTATE A
SB Every account up to fill
SH $5,000 fully protected by |jj|^
H| insurance. Liberal dlvi. HE
£B dends credited >emi-on> ^G|
B nually. Inquiries invited. ^GS
B Under Supervision of tht HE
WB; United States Treasury . .
W 0*Ue/uitai^^
BUILDING ASSOCIATION I
Washington Building J
First
Trust
Loans
For Purchasing a Home or
RE-FINANCING
EXPIRING TRUSTS
NO COMMISSION CHARGE
NO RENEWALS REQUIRED
Terms Arranged on
Easy Monthly Payments
MCMftt* ftWICOlH* 4 VOM
AflOCtATiO* COWCH. «f ac
f
ermcment
NG ASSOCIATION
•sots, suottvmoa
< U. 4. T9 tASURV
949 nihth strmt./tw:
STATEMENT OF THE CONDITION
OF THE
Mutual Protection Fire Ins. Co.
of the District of Columbia
On the 31st day of De^mber- 1937 a*
required unde- Section 64 7 of the Code
of Law for the District of Columbia.
INCOME.
Nr- premiums _ *963 21
Totg* intrre't and rents . 2.OP] 5
Other income None
Total income $2,964.43
DISBURSEMENTS
Net amount paid policyholders
for losses $311 4 5
All other disbursements __ C ITS.01
Total disbursements $2.519 43
ASSETS
Mortgage loans on real estate $32,750 on
Cash in company's office 2*9.30
Deposits in bank* 9 f»20 55
Interest and rents due or accrued 351 *1
All other assets Non*
Gross asset' *12 41133
Deduct assets r.ot admitted None
Total admi‘**d as'r-s *42.414 63
LIABILITIES.
Net unpaid claims . None
To'al unearned premium' <5!»i 4*
Other liabilities—Dividends un
paid to policyholders 320 42
Capital paid up. none 'mutual
company*.
Surplus over all liabilities 41.502 73
Total $42 414 36
NET PREMIUM* M'RITTEN DURING
THE YEAR.
District of
Total Columbia.
Fire _ $963.21 $963.21
*933.21 *933 21
R CARTER BALLANTYNE. President.
E W BURTON Secretary.
Subscribed and sworn to before me this
2«th day of February. 19/.*. 'Seal.' LIN
NAEUS T. SAVAGE. Nota#v Public. D. C.
HOME LOANS)
No commissions Easy Monthly
or renewals. -
Taxes may be Payments a. low
paid monthly. as
Investigate our S7.50
economical loon
plan. per $1,000
COLUMBIA B ASSOCIATION
^ 716 11th StreetOpposite Palais Royal
REAL
ESTATE
LOANS
Avail yourself of the services and
facilities of an experienced
building association
ESTABLISHED 64 YEARS
• REAL ESTATE LOANS and
COUNSEL TO HOME BUILDERS
Applications are invited lor loans on Improved
real estate In Washington and Arlington
County. Va. No commissions—No renewals
necessary—Interest charged only on unpaid
balance of principal monthly.
“"“1 • SHARI ACCOUNTS
Officers Thousands of people have availed themselves
Milton H. Prosperl of the opportunity to accumulate substantial
Chairman of the Board savings reserve by opening share accounts with
Charles Kattetmanq us.
President
Consult any or our officers for Information.
tpiiY.vi, ff m.n. No obligation is involved and we will be glad
Directors Secretirv 10 <*‘*c«'* Hour problems with you.
Directors Got M. Neely
John E. Mergner Treasurer
Clarence F. —m—
_ c‘vS> American JBuiUnnjj Association
cof*■ wiiiuST*c" 300 Pennsylvania Ave. S.E.
ch.rta*rfi;CTKindi. assets are now over $10,000,000
Telephone Lincoln 0110 Under U S Government Supervision.

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