Evening star. [volume] (Washington, D.C.) 1854-1972, July 07, 1940, Image 21

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Evening star. [volume], July 07, 1940, Page B-7, Image 21
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 07 July 1940. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1940-07-07/ed-1/seq-21/>

Newspaper Page Text

Carrier Loans Gain
Most Attention on
Bond Market
Advances Range to Five
Points; Other Groups
Remain Narrow
f
By the Associated Press.
NEW YORK, July 6—Rail loans
were odds-on favorites in a steady
bond market today.
Gains for the carriers ranged to
an outside 5 points for some nor
mally inactive issues.
Other corporates dawdled without
getting very far either way.
Demand for rails seemed directly
inspired by latest carloadings re
ports, which showed the Nation’s
roads carried more freight than at
any time since mid-November.
On top of that, observers said,
some speculative-minded buyers
looked for the national defense pro
gram to call for still larger freight
movement when orders start rolling.
Among the gainers were Illinois
Central 4s4s at 39. N. Y., Lackawana
<fc Western 44s at 55. Nickel Plate
5 4s at 635s, Missouri-Kansas-Texas
5s of ’62 at 1334 and Baltimore &
Ohio stamped convertibles at 12 4.
In the foreign division Japan 5 4s,
one of the liveliest issues, rose 1%
to 70. Buenos Aires 4%s lost % at
45%. Italy 7s added % at 45.
A scattering of U. S. Governments
gold at losses ranging to 5-32ds point.
Turnover of $1,772,000, face value,
compared with $1,556,000 last week,
which was the smallest in nearly a
year.
Baltimore Markets
•racial Dispatch to The Star.
BALTIMORE, Md., July 6.—The
live poultry market was a rather
mixed affair during the week. Early
in the period most fowl, which was
in good demand, strengthened some
what in price, the increase rang
ing from 1 to 2 cents per pound.
The demand for young stock was
somewhat slow and toward the end
of the week quotations eased slightly,
the best birds selling about 1 cent
below last week’s close. Most at
tention was centered on fowl.
Young mixed colors and Leghorns,
roosters and ducks went through the
period without change. The close
found the market fairly well cleared
except for a few little-wanted items.
Young ,Roeks decreased to 18a22
and crosses to 18a20, with a few
Belling 1 cent higher.
Young mixed colors at 18a21 and
Leghorns at 15al7 were steady. In
fowl, Rocks and mixed colors in
creased from 1 to 2 cents and
Leghorns were 1 cent higher.
Rocks sold 18al9, with a few
bringing 20. and mixed colors went
17al8. Leghorns brought 12al4.
Mixed color roosters at 10al2 and
Leghorn roosters at 7al0 were steady
and rather slow to move. Young
Pekin ducks, weighing 5 pounds
and over, continued 13al4.
Eggs Slightly Higher.
Some best nearby eggs were
slightly higher, but mixed colors
went through the week unchanged.
Whites sold 17a22 dozen, with a
few bringing a slightly higher
price, and mixed colors 15al7. Re
ceipts increased about the middle
of the week, the daily arrivals being
somewhat higher than average.
Native and nearby garden truck
was dull with quotations steady on
some stock but lower on some other
items. Very large Maryland as
paragus was a little easier at 1.75a
2.25 dozen bunches, with some a
little higher, but medium to large
at 1.50al.75 and small at 50a75 were
steady. Nearby beans declined to
40a75 bushel and beets were a little
lower at 2a3 bunch. Pointed type
cabbage continued 15a35 bushel and
round type 25a50. Cucumbers were
lower, selling 25a40 half-bushel.
There was a decrease in squash,
which brought 35a50 half-bushel.
Eastern Shore white yams were
steady at 90al.00 bushel for best
and 60a75 for ungraded. Eastern
Shore blackberries were lower at
2.25a3.00 crate and Maryland rasp
berries easier, red selling 10al5 pint
and black 12al5 quart.
Livestock Market.
Cattle—50. Cows and bulls steady
to 25 higher. Grassy steers and
cows slightly steadier. Bulk good
steers, 9.75al0.55; grassers mostly
9 90 down; top. 11.00 for small lots
of 919 pounds and 1.074 pounds;
heifers scarce; beef cows, 6.50a7.50;
fat yellow cows, 6.00-6.50; canners
and cutters, mostly 4.50a6.00; shelly
canners as low as 4.00; sausage bulls
mostly, 6.50a7.35; individual head to
7.50.
Calves, 10. Vealers steady, Mon
day market strong to 25 higher;
bulk good and choice grades. 9.00
9.50; top, 9.75; common and me
dium grades, 6.50-8.50.
Hogs, 350. Mostly 25. Good and
choice 170-210 pounds, 6.90-7.15;
220-240 pounds, 6.65-6.90; 250-300
pounds, 6.15-6.70; 150-160 pounds,
6 50-6.75; 140-150 pounds. 6.25-6.50;
130-140 pounds, 600-6.25; 120-130
pounds. 5.85-6.10; packing sows, 5.00
5.50; market 1.05 higher than week
ago.
Sheep, 25. Spring lamb market
steady to 25 higher. Bulk good and
choice ewes and wethers, 10.40
10.75; top, 11.00; fat buck lambs, 1.00
less; throwouts mostly 9.50 down;
United States Treasury Position
By the Associated Press.
The position of the Treasury July 3 compared with comparable date a year a«o:
„ July 3. 1940.
Receipts- S21.013.319.08
Expenditures------ 27.651.340.18
Net balance- 1.856.507.078.32
Working balance included_ 1,128,542.055.00
Customs receipts for month_ .2.910,910.76
Receipts for fiscal year (July 1)_ 55.604.698.64
Expenditures _ 185.456.909.07
Excess of expenditures_ 130,000.949 47
Gross debt- 43.063.634.663.07
Increase over previous day_ 1.738,714.25
Gold assets -20.062.601.364.33
July 5. 19:10.
S37.filH.957.89
101.119.33«.n«
2,780.945.063.11
2.102,25fi.272.fi7
2,3.11.253.44
48,ROfi,283.8ft
275,427.081.10
228.820,777.24
40.573.309.075.03
18J35.550rro0~68
Washington Stock Exchange
TRANSACTIONS ON WASHINGTON STOCK EXCHANGE— 1M0 CP TO AND
INCLUDING FRIDAY, JULY 8.
Approximate
BONDS. Yield to
Balea. PUBLIC UTHJTXEB. Open. Hlah. Low. Laat. Maturity.
*18,000 Ana & Pot Rlv R R lat 6% 1949_101 103 101 101% 4.88%
247,800 Capital Traction lat 8% 1947__ 98% 102 96% 100 8.00
4.000 City & Suburban Ry 1st 6% 1048 _103% 103% 100 100 8.00
6 000 Pot Elec Power lat S%% 1966 _110 110% 109 110% 2.60
28,800 Wash Gas Light lat 8% 1960_124% 131% 124% 128% 8.22
13,500 Wash Ry & Elec Cons 4% 1961_108 1 09% 106 107% 8.28
MISCELLANEOUS.
2.000 Chevy Chase Club lat 4%% 1957_104% 104% 104% 104% 3.90
2.000 Columbia Country Club lat 4%% 1957.. 104 104 104 104 8.98
STOCKS.
_ Par Dlv.
PUBLIC UTILITIES. Value. Rata.
2.621 Capital Transit _$100 t$0.60 14% 15% 12 12 4.16
17 N A W Steamboat_ 100 4.00 68 58 68 58 8.89
339 Pot Elec Power pfd_ 100 6.00 115 117 111% 116 5.21
467 Pot Elec Power pfd- 100 5.50 115% 115% 110% 113% 4.86
1,222 Wash Gas Light com_None 1.50 29% 29% 21% 25 6.00
457 Wash Gas Light pfd—_None 4.50 106 109 99 103% 4.30
3 Wash Ry & El com_100 g36.00 800 800 800 800 4.50
729 Wash Ry & El pfd_ 100 5.00 115% 118 107% 108% 4.61
BANKS AND TRUST COMPANIES.
80 Capital --100 14.00 155% 162% 155% 182% 2.46
35 Liberty - 100 6.00 186 170 186 170 3.52
147 Riggs common_ 100 e8.00 280 280 251 251 3.16
3 Riggs preferred - 100 5.00 102 102 102 102 4.90
40 Arner Sec & Trust_100 e8.00 252 252 230 230 8.47
16 Nat Sav A Trust_ 100 4.00 195 200% 195 200% 2.00
10 Wash Loan A Trust_100 e8.00 247% 247% 247% 247% 3.23
23 Bank of Bethesda_ 25 0.75 85 35 30 30 2.60
TITLE INSURANCE.
22 Columbia - 6 kO 30 12% 15 12% 16 2 00
MISCELLANEOUS.
75 J. Garflnckel pfd _ 25 1.50 26 26 28 26 6.76
605 Lanston Monotype_ 100 2.00 32% 32% 26 28 7.14
20 Lincoln Service com_ 1 tl.00 20 20 18 18 5.55
2.188 Mergenthaler Linotype_None P0.50 15% 17 12 14% 3.35
2.390 Nat Mtg & Inv pfd . 7 d0.35 3% 4% 3% 3% 9 04
200 Peeples Drug Store com_- 6 tl.00 15% 18 15% 17% 6.63
405 Real Est Mtg A Gty pfd 10 0.50 5% 6% 5% 5% 8.89
15 Security Storage _ 25 5.00 96 96 80 80 6.25
20 Term Ref A Whsng Corp_ 60 3.00 58 68 64 64 6.55
5 Woodward A Lolhrop com_ 10 s2.00 49% 49% 49% 49% 4.04
68 Woodward A Lothrop pfd_ 100 7.00 118 118 118 118 5.93
e Z% extra. g$14 extra paid December 23, 1939. t BOe paid December 20, 1939.
k 20c extra, p 50c paid September 20, 1938. t $2 paid 1939. d 35c paid 1939, t Plus
extras, t $1 extra paid January, 1940.
few medium and good grades mixed,
9.75-10.25; odd head fat slaughter
ewes, 3.00 down; old thin sheep as
low as 1.00.
Grain Market.
Opening prices were: Wheat, No.
2, red, winter, garlicky, spot, domes
tic, bushel, old, 83; July, new, 77.
Settling prices were: Wheat, No. 2,
red. winter, garlicky, spot, domestic,
bushel, old, 83.
Closing prices were: Wheat, No. 2,
red, winter, garlicky, spot, domestic,
bushel, old, 83; July, new, 76!2
Corn, No. 2, yellow, domestic,
bushel, 73a76. Western billing at a
premium over this price. Cob, com,
barrel, 3.50a3.70; country prices re
ported, 3.30a3.50.
Oats, bushel. No. 2, white, domes
tic, 51a56; Pacific Coast, No. 1,
white, 72a74. On all sales of oats to
the local trade, excepting those on
track, there is an additional charge
of 1% cents per bushel for storage
and elevation, which is paid by the
buyer.
Rye, No. 2, bushel, 55a60. Barley,
bushel, 45a47. Hay, ton, 14.00al7.00.
Wheat straw, ton. 9.50al0.00.
Flour, barrel, winter, patent, 5.40
a5.70; winter, straight, 4.20a4.45;
spring, patent, 5.05a5.30; spring,
straight, 4.80a5.00; hard winter,
patent, 4.70a4.90; hard winter,
straight, 4.50a4.75; rye flour, dark
to white, 3.30a4.10.
Mill feed. ton. spring bran, 27.00a
28.00; standard middling, 30.00a31.00.
Industry
(Continued From Page B-5.)
tion of munitions and other war
equipment.
As incentive for further expan
sion of shipbuilding yards, approxi
mately $500,000,000 in additional
United States Navy contracts were
placed, increasing the already large
backlog of future work in that re
juvenated and booming industry.
A sample of what might be forth
coming in way of new plant and
equipment expenditures when the
defense outlay gets up speed was
found in the announcement Pack
ard Motors would spend $30,000,000
to get into production of airplane
motors.
Uncle Sam's procurement men
continued to place hefty orders for
cotton goods and other textiles to
clothe and house the growing mili
tary forces. Cotton dealers espe
cially were grateful, because the
big continental market under Nazi
control has been closed to export
of the South's chief farm product.
Clinging to climbing factory pay
rolls, June figures on retail trade
revealed striking improvement. The
Federal Reserve Board reported de
partment store sales for four weeks
ended June 29 were 10 per cent
ahead of June, 1939, figures. Rec
ord-breaking June sales were re
ported by the big Sears Roebuck
mail-order house, with an increase
| of 11.5 per cent over the 1939
month.
Chicago Produce
CHICAGO July 0 OP.,—Butter. 1.458.
>09: eggs. 15.028: prices nominally un
changed: no trading on Saturdays during
July and August.
Potatoes. 90: on track. 3tH: total U. S.
shipments. 684: new stock supplies rather
liberal; demand good. Bliss Triumphs, all
sections steady: Cobblers and long white,
all sections, slightly stronger: sacked, per
hundredweight. Idaho Bliss Triumphs. U.
S 1. 2 00; California long white. D. 8. 1,
2.15-36: Virginia Cobblers, u. S. 1,
1.55-HO: North Carolina Cobblers, V. 8.
1. 1.50-00; Oklahoma Bliss Triumphs, fair
to generally good quality. 1.40-50: Ala
bama Bliss Triumphs. U. 8. 1. 1.05-2.05;
Missouri Cobblers, fair to generally good
quality. 1.15-30; Missouri Bliss Triumphs,
generally good quality. 1.35-40; Kansas
Cobblers, fair quality. 1.10-20; Kansas
Bliss Triumphs, fair quality, 1.15-20.
Mortgage Loans
HOUSES
APARTMENTS
BUSINESS PROPERTIES
Randall 31. Hagner & Company
INCORPORATED
Mortoauk Loav c:ohhk»w>m«>t
.St'r/t'jfnta Kanct$cm/io />y
1321 Connecticut Ave. N.W. Telephone DEcatur 3600
Investing Companies
NEW YORK. July 8 m»i.—National As
sociation Securities Dealers. Inc.
. . , Bid. Asked.
Admin Fd 2nd Ine_ ft.71 10.33
Aeronaut Sec - 7.99 8.68
Affiliated F Inc._ 2 29 2 51
•Amerex Hold _ 14 50 16.00
Am Bus Shrs_ 2 66 2 94
Am For Inv _ 6 ,;t 6.33
Am Oen Fo Ine_ .-'4 "8
Am Ins 8tocks _ _ 3.00 3 50
•Bankers Nat Inv Corn A _ fi.oo 6.00
Basic Industry_ _ 315
'Blair & Co. _ .8:5 1.625
Boston Fund Ine_ 17.02 13 89 1
Broad St Inv_ 19.77 20 94 1
Bullock rund _ 11.25 12.125 I
Can Inv Fund _ 2.3o 3.10
Chemical Fund _ 9 03 9 77
Comwlth Invest _ 2 98 3.24
•Continental Sh cf__ 7.75 8 15
Corporate Trust _ 2.02
Coro Trnrt A A _ _" oo
Coro Tr Aceum_IIII_ 2 00
Corp Tr A A Mod_ 2.35
Coro Tr Are Mod ___ 2.35
Cumulative Tr Sh _ 4 09 _
Depos Btr Sh V Y “A”_ 1 30
Depos Ins Shrs “A"_ 2.49
Diversified TrC__ 310
Dividend Shrs .98 l 08
Eaton A How Fund "A-l" 15.71 16.87
Equity Corn S3 pt__ 20.75 21.25
Fidelity Fund Inc_ 1502 16.16
•First Boston Coro_ 13.50 15 oo
First Mutual Tr Fd_ 5.3.7 5.91
Fiscal Fund Rlr Sh _ 2.13 2 37
Fiscal Fund Ins ___ 7 84 3 17
Fixed Trust Sh A_ 8.03
Found Tr Sh A _ 3.45 3 95
Fund Investors Ine_14.02 15.24
Fund Tr Shrs A_ 4.16 4.89
Fund Tr Shrs B _ 3 78
Gen Capital Ccro_24 32 28 15
Gen Investors Tr _ 4.28 4 87
Group Sec Agricultural_ 4.20 4 58
Group Sec Automobile_ 3.43 3.74
Group Sec Aviation _ 7.08 7 88
Group Sec Building_ 4.45 4 85
Group Sec Chemical_ 5.78 6 °9
Group Sec Foods _ 3 75 4 09
Group 8ec Invest Shrs _ 2.47 2 70
Group Sec M'ehandislng ._ 4.44 4.84
Group Sec Mining _ 4 32 4 71
Group Sec Petroleum_ 3.47 3 78
Group Sec R R Equip _ __ 3.11 3 40
Group Sec Steel 4 53 4 94
Group Sec Tobacco _ 4 51 4 ri»
Incorp Investors _ _ 12 67 1.3 62
Independence Tr Sh _ 1 89 0 lT
Instl Sec, Bank Group __ 92 1 02
Instl Sec. Insurance . _ 111 1 °2
Investment Co Am _ 14 84 16 04
Investors Fd “C" Inc_ 8.37 8 93
Keystone Custodn B 1_ 25 50 °7 P'>
Keystone Custodn B 2 _ . 19 57 21 47
Keystone Custodn B 3_13.01 14 28
Keystone Custodn B 4_ 8.18 6 80
Keystone Custodn K 1_ 13 42 14 72
Keystone Custodn K2__ 7 66 84s
Keystone Custodn 8 2 . 10 85 1 I 97
Keystone Custodn S3_ 7.36 8 18
Keystone Curtodn S 4_ 2 95 3 33
Manhat Bond Fund_ 8.26 6 9"
Maryland Fund ___ 2 95 405
Mass Invest Tr _ 16.91 18.18
Mutual Invest _ 8 64 9 44
Nation Wide Sec _ 3 18
Nation Wide Voting _ 99 1 13
Natl Investors _ 5.00 5.38
New England Fund . _ 9.96 10 74
N Y Stocks Automobile_ 3 96 4.30
N Y Stocks Aviation _ 9.26 10 01
N Y Stocks Bk 8tocks_ 7 53 8 15
N Y Stocks Bldg Supply ... 4.45 4.83
N Y Stocks Chemical _ 7 67 8 30
N Y Stocks Elec Equip_ 6.37 6 90
N Y Stocks Insurance_ 8 55 9 °5
N Y Stocks Machinery . _ 6 78 7 34
N Y 8tocks Oils _ 5 71 619
N Y Stocks Railroad _ 2.41 2.61
N Y Stocks R R Equip_ 4 95 5 37
N Y Stocks Steel _ 5.71 6 19
North Am Bond Tr ctfs_ 44 25
Nor Am Tr Shrs 1953 _ _ l 87
Nor Am Th Shrs 1955 _ 2.39 I
Nor Am Tr Shrs 1956 _ 2.34
Nor Am Tr Shrs 1958 _ 1.98
Plymouth Fund Inc_ .32 ” 37'
Putnam 1G1 Fund _11 83 1" 65
Quarterly Income Sh __ 6 15 7 05
•Schoellkopf-Hut & Pom.. .25 1.00
Selected Am Sh Inc _ 7.23 7 88
Selected Income Sh 3.80
Sovereign Invest Co new.. 5.33 5.90
Spencer Trask Fund_13.01 13.80
Stand Util Inc _ 29 35
tuper of Am Tr a_ 3.04
uper of Am Tr A _ 3.20 *
Super of Am Tr AA_ 2 14
Supervised Shrs _ 8.10 8 80 ’
•Trustee Stand Inv C_ 2 08 ‘’is
•Trustee Stand Inv D_ 2.02 2 1°
Trusteed Am Bk B _ .48 53
Trusteed Industry Shrs_ .68 .77
Wellington Fund .. . 12.12 13 35
•Not quoted by sponsors or Issuers
Quotations furnished by National Asso
ciation of Securities Dealers. Inc., which
states they do not necessarily reflect actual
transactions or firm bids or offers, but
should indicate approximate prices and
unless otherwise indicated are as quoted by
the sponsors or issuers.
New York Produce
NEW YORK. July « </*.—Dressed poul
try steady. Fresh and frosen prices un
changed. .
Live poultry, by freight, nominal: no
sales. By express, steady. Broilers, crosses,
18-19; Leghorns. 19.
D. C. Securities
(Quotations by Johnston, Lemon ft Co.)
Yesterday’s closing bid and asked quo
tations on Washington securities which are
traded over-the-counter follow:
BONDS: Bid. Asked.
Barber ft Ross deb 4s 45 04
Congressional C C 2d 6s 48 20 I'~I
Consol Title Co Inc 6s 51. 100
Lenox Building Inc 614s _ 45 55
Iy>tus Building 614% notes. 65 75
May r Ho Corn 1st 5s 50 w.s. 88 93
Nat Press Bldg 1st 3-5s 60. 60 94
_ do adj inc 4'/as 50_ 18 22
Racquet Club 1st 5s 45 . 45 62
Shore'm Hotel Corn 2d 4s 44 8414
Wash Auditorium 1st 6s 44 70 77
w*5l‘ Properties Inc 7s 62 4914 6414
o rocKS ■
American Co pfd_ 65
American Co com.. 12
Anacostla Bank lao
Anacostla Finance_ 14
Arcade Co 60
Barber ft Ross pfd (new).*, ifl I",
'larber A Ross “B” com _ 3
Capitol Park Hotel_II 30
City Bank 25
Columbia National Bank 200 220 '
Consolidated Title Corp pfd 43 51*4
do com 714 lo'-,
Dlst Nat Securities Co pfd 25
East Washington Sav Bank 16'4 I'"
Fidelity Storage Co 114
Orlfflth-Consumers pfd 104
„ do com 4814 5314
Hamilton National Bank 283- 3114
International Finance Units 1014
•Lincoln Hall Association 80 95 ”
Merchants Trans ft Stor pfd 17 20
do com _ . y.
Munsey Trust Co _ _ 85 ” ~
National Capital Insurance. 14
National Mtg ft Inv tom 14
National Metropolitan Bank. 270 280 "
Raleigh Hotel com . 1614 21
R E Mtg A Guar com "A”. *4
do com "B" ... H4
Second National Bank_ 76
Security Sav ft Com _ 188 184 ~
Suburban National Bank... 1314
Union Finance Units ... 26
Union Trust Co . .... 65 ‘75 ~
Washington B B Club . 40 BO
Wash Convention Hall pfd. 8814
do com 15
Wash Prop Inc v.t.c 2'4 0V>
Wash Ry ft El Co part units 1934 2l>4
Wash San Housing Co 110
Wash Sanitary Imp Co 21
•Nominal
Foreign Exchange ,
NEW YORK July 6 (41.—The free Brit
lsh pound today regained 9 cents of Fri
day s 14-cent drop
The Canadian dollar, which ignored
*t®rlin* s decline yesterday, added */a cent
at 8<7« United States cents. The Swiss
franc improved .01 of a cent.
Foreign money dealers emphasized the
smallness of trade in sterling in explain
ing the wide fluctuations. Sales that in
the old days of freer trade were regarded
as insignificant were now- sufficient to
swing the rate cents at a time.
Closing rates follow (Great Britain in
dollars, others In cents);
Canada—
tt Canadian Control Board rates for
United States dollars; buying 10 arr cent
premium, selling 11 per cent premium,
equivalent to discounts on Canadian dol
iimJi1 nt.T; York of bUTin* Pltl per cent,
selling 0.00 per cent.
Canadian dollar in New York open
market 121-* per cent discount, or 87.8?>a
United States cents.
Europe—
„ G"** Rr'taln. cables. 3.77: Finland
ToSa' (~0ermaI'„y Jl' lUn: (benevolent
IS;?5: 9reycf Of>n: Hugary 17.66n: Italy
gOo. Portugal d.82n; Rumania 52n;
Sweden 23 88: Switzerland 22.68; Yugo
slavia 2.35n.
Latin America—
Argentina official 20.77. free 21 40;
"0Von ofllclaI fios> S 10; Mexico
Far East—
V .Ja??,'J 23 4F; Hon* Kon* 23.52: Shane
hat o..ln.
i J.Ra.,e5 .,n spo* c»bles unless otherwise
Indicated .1 n—Nominal.
How Is Business?
Camnt Bacinacc Activity Compared With the Same Weak a Tear A»e.
GENERAL BUSINESS ACTIVITY ta, Rn wnby
by BnE Dybib hEMi N. Y. CAy.
SEyRyR mM A|*W »mE tl Kbytfy An Rw nm
*M w «M Mm TM>. MM an*
MdkA* Mm Im mm M taAt mAi
Mritai. Omm Am A >»tiiM|a.
ACTIVITY BY FEDERAL RESERVE DISTRICTS
Check 7rente Horn Comptrtt wrth the Stmt Week t Yttr Aft
Botton.*-52%
N«w y<vL.
PtiiUcIphi*.*3.3%
Cl**.l«,d.
Richmond.*5.8%
AtUnte..‘I2A%
Chic* ye.-22.1%
St Loom..-12.5%
MiMHpolit.»J.0%
C*y.‘2.4%
D*IU*.+t.9%
S»ii Franchc*.*f.f%
LEADING BAROMETERS °LAs?y5S*4
Bvrinni to DoAam(Chela Ctshtd).%. -2.6%
Employment (Deportment of Labor).^. * 4 ^
Wefee (Department of Labor).-e.*13.4%
Cost of Livies (Nat I Industrial Conltranca Board). .. ♦ | 4°/
Wholesale Price* (Fishtr's Indts). . *4 1^
Africultwal Price* (Buraau of Labor). . ♦4.6%
Movement of Good* (Carloadings). . *13.2%
Retail Trade (Ftdtral Rtstrvt Board). . -*2.3%
Beildinf Contract* (F. W. Dodgt Corporation). . . 4r v«
Failere* (Dun’s). . o« 3^
load Price* (Dow-Jonts).. ‘ \ Z7
Stock Price* (ComposKt Dow-Jonts)., ~
Stock Market Voleme (Sharts Tradtd).. ♦14 7 %
CAMBRIDGE AJBOCIATO-BCSTON '
24-Hrt Letterpress
or Offset
PRINTING
Commercial or personal work
individually styled by
Charter No. 2038. Reserve District No. 6.
REPORT OF CONDITION
OF THE
SECOND NATIONAL BANK
OF WASHINGTON.
In the District of Columbia, at the close of business on June 29. 1940.
published in response to call made bv Comptroller of the Currency
under section 5211, U. S. Revised Statutes.
ASSETS.
1. Loans and discounts (including $1,202.79 overdrafts)_$4,315,123.02
2. United States Government obligations, direct and
. *LUarlnt<?5d -.-... 2.137368.15
4. Other bonds, notes and debentures.. 218,678.81
5. Corporate stocks. Including stock of Federal Reserve Bank 29,57135
6. Cash, balances with other banks, including reserve bal
ance, and cash items in process of eollection._ 2 830 75217
7. Bank premises owned $776,354.99; furniture and fix
tures, $58,411.43 .__ 834.766.42
11. Other assets _ 49.204 34
Total assets ..$10,415,464.86
LIABILITIES.
13. Demand deposits of individuals, partnerships, corporations $4,875,452.34
14. Time deposits of individuals, partnerships, corporations 3 846 493 86
17. Deposits of banks . ___ 543A41.14
18. Other deposits (certified and cashier's checks, etc.) _ 79,014 99
Total deposits .$9,344,102.33
23. Other liabilities ___ 59341 44
Total liabilities . $9,403343.77
CAPITAL ACCOUNTS.
25. Capital stock:
(c) Common stock, total par, $500,000.00 . 500,000.00
26. Surplus . .... 400.000.00
27. Undivided profits ---._ 109.686.90
28. Reserves (and retirement account for preferred stock)... 2,434.19
Total capital accounts . 1.012,121.09
Total liabilities and capital accounts.$10,415,464.86
MEMORANDA.
31. Pledged assets (and securities loaned) (book value):
(a) United States Government obligations, direct and
guaranteed, pledged to secure deposits, other liabilities *794,778.74
(b> Other assets pledged to secure deposits and other
liabilities (Including notes and bills rediscounted and
securities sold under repurchase agreement) _ 33.000.00
(c) Assets pledged to qualify for exercise of fiduciary
or corporate powers, and for purposes other than
to secure liabilities. 144,175.63
(e) Total ...... *971,854.37
(a) Deposits secured by pledged assets pursuant to re
quirements of law.. *673,53529
(d) Total . *673,53529
City of Washington, District of Columbia, ss:
I, FRED S. BEYER, cashier of the above-named bank, do solemnly
swear that the above statement is true to the best of my knowledge and
belief.
(Signed) FRED S. BEYER, Cashier.
Sworn to and subscribed before me this 5th dav of July, 1940.
(Seal.) (Signed) ELIZABETH M. KINTZ, Notary Public, D. C.
Correct Attest:
V, B. DEYBER,
JOHN A. REILLY,
A. H. PLUGGE,
WM. B. WOLF,
J. DALLAS GRADY,
FREDERICK A. HESSICK.
__ Directors.
REAL ESTATE LOANS (
/ ET us handle your real estate
and home loan financing.
Applications considered on improved
property, not only in Washington but
in nearby Maryland and Virginia.
There are no commissions or renewal
charges. Interest only on unpaid
balance of principal monthly.
★
Many savers hors accumulated substantial
balances by regular additions to their share
accounts with us.
Commit any of omr offieort for information.
No obligation, of court*.
iltlic.ll IDILDIK iSSOCHTKIN
300 PENNSYLVANIA AVENUE S. E. LINCOLN 0130
Office Hours 9 to 4—
Saturdays 9 to 12
immiilBiBMi
i
OFFICERS:
MILTON H. PROSPER!. Chairman oI Board
CHARLES H. KINDLE. Praaldent
ARTHUR C. BALSER. Vica-Praildaal
WILFRED H. BLANZ, Barratar*
HOWARD B. KRAMER, Traaiuror
GUY M. NEELY, Conraltant Aporalaa*
directors:
JOHN E. MERSNER
CHATHAM M. TOWERS
BERNARD J. COYLE
THOMAS S. SERGEON
CHAS. A. R0S8ITER
W. DUDLEY 8PICKNALL
DR. WM. C. FARMER
Asimt* arm now in mxemmm of $12,600,000.00
I
r ^Lnriwwtnr"
FHMNS
Ike American Compart*
«lALTOIt /
«07- 15th ST. N.W. OJu, floelt.
NAtional 8032 ^Pretident
MET WORTH OVER 1700,000
»
New York Bank Stocks
NKW YORK, July 8 (^.-‘-National Asso
ciation Securities Dealers. Inc.:
Bk of Am NTS (SF> <2.40) 3.3% A,35%
Bk of Man (,80a) _ 14% 15%
Bank of NY (14)- 298 305
Bankers Tr (2). 49% 51%
Bklyn Tr <i)— - 70% 78%
£en Han Bk A Tr (4)- 80% 89%
Chase Nat (1,40) 30% 32%
Chem Bk A Tr (1.80)_I 44# 48#
Commercial (8) 185 172
Cont Bk A Tr (.80)- 11 Vi 12%
Corn Kx Bk A T (3)_ 49 60
Sjjpire 7’r,JB0)-,.c. «% »%
First Nat (Bos> (2)_ 41 43
First Natl <100) 1895 1835
Ouaranty Tr (12)_ 288 273
Irvlni Tr (.80)_ _ 10% 11
Manuf’ct’rs Tr (2)- 33% 35%
Manuf’rs Tr’of <2). 81% 53%
Natl 24 % 28
N ▼ Trnst (5)- 98'% 99%
Public '1%)- 25% 28%
Title OtT- 3(/4 41/4
Money for Construction Loans
and
Loans on Completed Properties
(Owner occupied or rental)
Favorable Rate
nasi dud or xausi onli
GEORGE I. BORGER
~ ■saner *•
( write J Export Photo Off tot
K-lx Roproductioni
I PLANOGRAPH
II We reproduce adrertlsim mat
■ I ter. books, maps, etc., in black
■ I and white or colors. Ask
■1 about our reprint and Mtrs
J’t^opjr service.
MONEY
for construction loans
and term loans from
3 to 5 years In D. C.
and nearby Virginia
and Maryland.
REAL ESTATE MORTGAGE
AND GUARANTY CORP.
1610 K St. N.W.
NAtional 1403
D Start Saving Money Now, TODAY,
To Care for Future Opportunities...
Yes, sir, Mr. Saver, here is a savings plan
full to the brim with liberal return, conven
ience and tested security. Save any amount
now to accumulate money for the things you
want. Or, invest for cash income. See how
you can share in our next semi-annual distri
bution! Come in or write.
LUMP SUM or monthly in
stallments will start you on
the way to financial security.
Inquire About Details.
PRUDENTIAL BUILDING ASSN.
1331 G St. N.W.
m. an “Sava and Grow With l/*” Suite 304 I
Unlimited Funds Available for
REAL ESTATE LORAS
•r.:: aw
tnfr»Bt a* lg> ot
5% 5i%6%
Payments include in
terest, and curtail. . .
No renewal!. ... No
commission. . . .
Sound, iair apprais
als.
Millions of dollars in Perpetual loans
have secured thousands of homes in
59 years, through Washington's
largest Building Association. . . .
Loans on improved or to _
be improved property
in the District of Co
lumbia and nearby /flQ
Maryland and /^B W i "l I
Virginia.
11TH & E STREETS. N.W. • ESTABLISHED 188 1
Largest in Waihinqton—Assets Over 150200,000
ARTHUR G. BISHOP
Chairman oi th» Board
EDWARD C. BALTZ
Sacrttair
MARVIN A. CUSTIS
Pi»«:d®nl
The FIRST FEDERAL SAVINGS AND LOAN
ASSOCIATION of Washington wishes to express its
appreciation for the fine support and co-operation
which the people of Washington, and adjacent com
munities, have extended to this Association during
the past year.
During the year ending June 30,1940, the Assets
of the FIRST FEDERAL of Washington made a net
gain of ever Two and One-quarter Million Dollars
($2,253,299.04), being one of the outstanding
growths among Federal associations in the Nation.
All of these funds have been loaned back into
the community for the financing of home-ownership
on an economical basis in our growing city.
Any amount from $1.00 up to $10,000 opens an
account. v
All accounts are Federally Insured against loss,
up to $5,000 for each investor.
Write, phone or call for booklet “Are Your
Investment Dollars Insured?”
ASSETS NOW OVER $7,500,000.00
FIRST FEDERAL
savmcs ano Loan assocumon
Conveniently Located:
FEDERAL 610 Thirteenth St. N.W. (Bet. F & G)
cf W»*Kinjtow,D. C. (JV* Branch Offices)

Evening star. [volume], July 07, 1940, Page B-7, Image 21
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], July 07, 1940, Page B-7, Image 21
About Evening star. [volume] (Washington, D.C.) 1854-1972