Indianapolis Times, Volume 36, Number 49, Indianapolis, Marion County, 5 July 1924 — Page 11

SATURDAY, JULY 5,1924

STOCK EXCHANGE •NOT BOTHERED BY THIRD PARTY Northwestern Rails Shown Preference —Trading Dull, but Firm, Average Stock Prices Average price of twenty industrial stocks Thursday was 90.48 up .10. Average price of twenty rails was 80 up .22. Average price of forty bonds was 90.29 up .01. By United Pros NEW YORK, July s.—That a third party headed by La Follette does not bother Wall Street in the least was indicated by the firmness shown by security prices at the opening Saturday. The main body of stocks started uncharged wi'h Steel at par. The consensus Is that La Follette will draw more votes from the Democratic than the Republican party. Also that the longer the deadlock at Madison Square Garden the better the chances for the election of the opposition ticket. The market was not important from the standpoint of volume, but rfat very important from the standWit of ability. Traders anticipate real Improvement In business and with the approach of tA end of summer gradual expansion is expected. Attendance on the floor was small and little business was done from public sources. The change in sentiment toward Northwestern Railroad shares found sharp response. Slim attendance by traders who have lately sponsored operations in specialties minimized activity in those issues. Interest even in the railroad shares was not lasting, and after the first hour there was no great show of activity, with quarter and half point jumps recorded between infrequent sales. Favorites of previous sessions held about the same positions at which they closed Thursday. The market closed irregular. Closing prices U. S. Steel. 100%, up %: Baldwin. 115. up %: Studebaker, 34%. up %: American Can. 114%. up % ; Cast Iron Pipe. 96 % . up % ; .American Waterworks. 96 -2. up 2% : Woolworth, 114 *4. up %: Per- Marquette. 52. up % : Texas Company. 30 %.

Local Bank Clearings Indianapolis bank e'earinr Saturday were $3,969,000, compar’ and with $5 000.000 a year ago. Bank debits amounted to $7,549,000. compared with $8,245,000 a year ago. Clearings for the week were $21.086,000. Debits. $38,888,000 New York Liberty Bonds High. I.ow. Close. High. Low. Close 3%s 101 19 101.17 101 17 Ist Adas 102.6 1024 102 6 2d It*s 101.17 101.16 101.16 Miihs 102 S 102A 102 5 VB Sovt 104.30 New York Curb Market Cities Service 135 <1136 Dubtliers 40 A' 40 % Lord of Canada 44 6 50 Gulf Oil 57 % 'n. 58 Indiana Pipe 91 r n. 92 Mutual Oil ft% 0% Ohio Oil 60’2 % 61 % Prairie Oil and Gas . .2. ... 11 %'g 212 l -j Real Silk 39 72 % 40 Royal Canadian 5 (& sli5 l i Stutz ’. 7 8 Standard Oil. Indiana 56 %<1 56 % Standard Oil. Kansas 40<, 41 Standard Oil. Ky 109 % '•t 109** Standard Oil X. Y 39 %@ 39% Vacuum Oil 62 ‘a 'n 63 Foreign Exchange NEW YORK. July s.—Foreign exchange closed lower today. Demand sterling. $4 32** off 5-16 francs. 5 02c: lire. 4.26 i*e: Beiglan francs. 4 44 Sc: marks. 4.210.000.00c.000 to the do ar Shanghai. 71 %c; Yokohama. 41 s Se; Russian, 5.16 c. Chicago Stocks fßy Thomson 4 McKinnon) Open. High. Low. Close. Arm pf. Ills 76% ... ... ... Cont Mot. . 6 % ... ... ... Com Edsn. 127% ... ... ... Mont Ward. 30% 30 % 30 % 30 % Swift A- Cos 101 Swift Int... 20% ... ... ... Stewt Warn 65% ... ... ... Union Carbd 59% 60 '4 59% 60 Wahl 36 >, Wrigley 38% .% 38% 38% Yellow Taxi 49 50% 49 50 Real Silk. . 3.0 % 39 % 39 39 Stop Bobbing Hair LONDON, July 5. —Robbad hair is making a rapid exit from London. Women and girls who have had their hair cut short are now anxious • have it grow out again, hair ssers say. Many are now having their bobbed or shingled hair permanently waved to lessen the "bare" effect. There has been a similar reaction in Paris against bobbing. Police After Guides. PARIS July 5 —The police 'spot light has been turned on Paris’ mob of unofficial guides. Men who ac cost foreign visitors on the streets with knowing smiles and offer to show them "Paris” are being arrested and shown the jail instead. Un der the new rules, any one wishing to act as a guide In Paris must make a formal request for permission to the prefect of police.

Excursion to LOUISVILLE Sunday, July 6th '2.7 5 Trip Special Train Leaves Indianapolis at 7:30 A. M. Returning Leaves Louisville (14th and Main Street Station) at 7:10 P. M. PENNSYLVANIA RAILROAD SYSTEM

with The 7% Cumulative Prior Lien JT Safety stock of this Company is a sound TAX investment, based upon the sta- / Pg bility, growth and prosperity of the 100 or more communities UNDER state served with Electricity, Gas or BUBER\ LSION Water, all public necessities. This p>tock is tax exempt in Indiana and free from r.ormal Fed eral Income Tax. Price, SIOO per share and accrued interest. Cash or on deferred payments Interstate Public Service Company Room 714 Wild Bldg. Indianapolis, Ind.

FAILURES ON INCREASE Over 275 Reported This Week; 37 Over Last Year. With a total of 278 for five business days this week, failures in the United States show a moderate increase over the 241 defaults reported to R. G. Dun & Cos. for a similar period a year ago. All sections of the country disclose increases over the figures for the earlier year, though in the East and in the South the changes are very small. Os this trek's failures, 165 had liabilities of 55.000 or more in each case, which is equivalent to 59.4 per cent of the total number. A year ago, there were only 106 such defaults, or a ratio of 44.0 per cent. A considerable decrease is noted in failures in Canada for five this week, the total being 30. This compares with 51 defaaults a year ago.

New York Stocks (By Thomson & McKinnon) —July 0 — -1 Railroads— Prev. High. Low. Close. close Atchison ..103% ... 103% 103% B & O ... 58 % 58 % 58 % 58 % C & O ... 88 % ... 88 % 83 C & NW Rv 58 % 57 % 58 V* 57 % C R I 4 P 29% ... 29% 29% Erie 28% 28 28% 28% Gt Xorth pf 63 % 61 % 63 61 % Lehigh Val 47% 47% 47% 47% Mo Pae pfd 47 % 47 47 X Y Cent .104% ... 104% 104% XTNH4H24S ... 24% 24% Xorth Pac 63% 60% 62% 60% Xor 4 W .120% ... 119% 119% South Ry. 65% 64% 65 64% Soutl) Pae 92% ... 92% 92% St Paul pf 24% 23% 24% 24 St L 4 SW 40% ... 40% 40% Union Pac. 136% 135% 136% 135% Wabash pf. 42% ... 42% 42% Rubbers— Keliy-Spring 13% ... 13% 13% U S Rubber 28% 28% 28% 28% Equipments Bald Loco .115% ... 115 114% Gen Elec .235% 235 235% 235% Westh Elec 61 % ... 61 % 61 % Steels— Bethlehem. 46% ... 46 46 Colo Fuel. 48% 48% 48% 47% Crucible ... 54 % ... 54 % 54. Gulf States. 70% ... 70% 70% Phil Rdg Cil 49% 48% 49 U S Steel. 100% 100 100% 100 Motors— Chand Mot. 46% ... 46% 47 Gen M0t.... 14% 13% 14 14 Max Mot B 13% ... 13*4 13% c tudebaker. .96% 35% 36% 36 Stewt-Warnr 65% 65% 65% 65% Timken ...34% ... 34% 34% Wiilys-Ovrld 8% 8% 8% 8% Yellow Mfg. 55% 55 55% 55 Mining— Gt Xor Ore 27% ... 27% 27% Int Xickel.. 16 15% 16 15% Coppers— - Am Smelt.. 6.5 ... 65 65 Anaconda . 3*' 29% 30 30% Kennecott.. 40% 39% 4040 Oils— Cal Petrol.. 22 % ... 22 % 22 % Cr.sden .. 29% 28% 28% 29 Mari and Oil 31% 31% 31% 31% "ar Am Pet 52% . . 62 52 -j Fan-Ant P B 50% 50% 50% 50% Pac Oil ... 49 ... 49 49 % Phillips Pt. 35% ... 35% 35% Pro A Ref. 27 ... 27 26% Pure Oil . . 20% ... 20% 20% Rc*va; Duth 49 % ... 49 % 49 % Stan Oil Cal 58% ... 58% 08 Stan Oil XJ .34% 34% 34% 34 Sinclair ... 18% .. IS % 18% Texas C 0... 38% 39% 39% 39% Industrials— Allied Chem 74% 74.% 74% 74% Am Can 114% 114% 114% 114% Coca-Cola .73 .. . 73 73 % Con l’eum 46% 44% % 4*'. Cont Can... 53% 52% 63% 62% Lav C!..-m . 4!* 48% 49 48% Kara Play . 79% 78% 79% 78% Gen Asph .41% ... 41% 41% In Paper .. 49% 48% 49 49% M A- W 30 % ... 30 % 30 % Sears-Ro . 95 % ... 94 % 95 U S C I P. 96% .. 96% 96 % US In AI. 69% ;.. 69% 69 Utilities— Am T tc T. 127% 122% 122% 122% Con Gas . . 68 % ... 68 % 6s % Col Gas . . 39 % ... 39 % 39 % Shipping— An In Cor 23 22% 23 22% In M M pd. 36% ... 35% 36 Foods Am Sug ..44% ... 44% 44% Com Prod 34% 33% 34 34% C C Sug pd ill ... 61 60\ C-A Sug .' 30 % ... 30 % 30 % Ptmta A! . 51% 61 51% 51 Wil A Cos.. 10% 10 10% 10% Tobaccos— To Prod B. 60 % ... 59 % 60 Bitter Disappointment Eloping Wife (sobbing) I-I've j just had a t-t-te!egram from my husband. Her Lover (anxiously)— He doesn't want you to go back, does he? “N-no. All he wants to know Is where I 1-left his clean .pair of socks, the b-brute!” —Bulletin (Sydney).

Excursion via s = sa ==== aK: ) |! Sunday, July fi —TO—CINCINNATI .. . $2.75 BATESVILLE . . $1.50 GREENSBURG.. sl.lO SHELBYVILLE .. . .65c BOUND TRIP —BASEBALL— Cincinnati Vs. Pittsburgh VISIT THK ZOO Special train leaves Indianapolis r "nion Station 7:00 a. m.; returning leaves Cincinnati 7:15 p. m. (Central .'iruei, 8:15 p. m. (City Time.) Tickets and full Information at city Tirket Office, 34 W. Ohio St. .‘hone Circle 5300. or Union Station. J. W. GARDNER. Division Passenger Agent.

Markets Close Trade centers that are closed today are: New York Cotton,\ Sugar and Coffee Exchanges, Indianapolis Livestock and Board of Trade and the Chicago Board of Trade.

WHEAT ADVANCE POINTS TO FARM PROSPERITY Business Optimism Is Doubtlessly Increasing, Says Moody. Stocks do not always discount even political events. After the nomination is made it may require investors several days to draw conclusion as to its financial significance. Optimirm is doubtless increasing. Some of the factors in it are the higher prices of wheat and corn, the cheapness of money, the strength of the bond market, the prospect of a European settlement, and the improved political tendencies. Wheat is important now on its own account and also because this year it is a political commodity. One is reminded that in 1596 a rise in wheat probably decided the election. The present advance, too, has the earmarks of the beginnings of a return of agricultural prosperity.— Moody's Service. Produce Markets Fresh eggs, loss off. 22c: packing stock butter, 24c; fowls 4% lbs. up, 21c; fowls, under 4% IbR., 17c: cocks 11c; springers 1924. 2-lh. size. 32c; young tom turkeys, 12 fbs up. 23c: young hen turkeys. 8 lbs. up. 23c: young hen turkeys 8 lbs. up. 23c: old tom turkeys. 18c: ducks. 4 lbs. up. 13c: old tom turkeys. 18c: ducks. 4 lbs. up, 13c: spring ducks. 4 lbs up. 17c; geese. 19 lbs up, 11c: squabs. H lbs. to dozen. St.

NATIONAL BANK STATEMENTS Report of Condition of the Indiana National Bank, at Indianapolis, in the State of Indiana, at the close of business on June 30, 1924. RESOURCES Loans and discounts, including rediscountg $15,465.327 75 Overdrafts unsecured 3 072 jg United States Government securities owned' Deposited to secure circulation (United 6tate bonds, par value) $2,000 000 00 Ail other United States Government 2.405,031 59 securities „ Total 4.405 031.59 Other bonds, stocks, securities, etc 1,022,934.39 Banking house ' 643.600 00 Furniture and fixtures and safe deposit snd bank vault 57.500 00 Lawful reserve with Feder Reserve Bank 1 323 662 75 Items with Federal Reserve Batik in process of collection not available as reserve 2,753.895 80 Cash in vault and amount due from national banks 2 255.942 06 Amount due from State banks bankers and trust companies in the United States 1 405 275 2t Exchange for clearing house 569.829.50 Checks on other banks 111 the same eUy or town as reporting bank _. . 148.338 88 Total 7.133.211 45 Miscellaneous cash items 204.202 43 Redemption fund w.th United State* treasurer and due from United States treasurer 100,000.00 Interest earned but not. collected on notes and bills receivable not past due -. .. 5 045 70 Other assets. If any 77 193 12 Total . 30.440,20 131 LIABILITIES \ Capital stock paid in 2.000,900 00 Surplus fund 1.000(000.00 Undivided profits 1.440 866 98 Reserve for interest and taxes accrued .. 20.315.30 Reserve for contingent Ilabtlitiss and unearned discount 118,339 36 Total 1.579.521 04 Less current expenses, interest and taxes . , pa and 196.635 25 1 ’S3 886 3ft Circulating notes outstanding 1 \' , Amount due to national banks 1 - 1 ' ! ‘ ls Amount due to Btab' bunks bankers and „ trust companies in United States and _ . „ foreign countries *•/, , ! ..A C< rt fird checks outstanding Cashier s checks on own bank out- „„ a an standing __ _ -18, ,88.00 Total of items 6 552,552.98 Demand deposits 'other than bank dp is:is subject to reserve (deposits payable within thirty days): 1 a rmo "Ra ~t Individual deposits subject to cheek i.i.u. 1 -< t-u Stale, county nr other rnunieip.il deposits, secured bv pledge of assets of this bank or surety bond *■ -,* fwn oil Dividends unpa.d .„ aO.OBO 00 Total of demand deposta (other than bank deposits) s.bjeet to ——777777,7 reserve p 15.301.599 00 Time deposits subject to serve (payable after thirty days or sub." t to thirty days or more notice) ' itl Postal Saving* ■ Certifi ate* of deposit (other than for , ~,.j qq money borrowed) 1 gitii non o Other time deposits -e, ir'iil Postal Savings deposits Total of time deposits subject to . r. < rve I. K >0.329 99 United States deposits 'other than lV.hui Savings). Inelod'ng War Loan deposit account and deposits of United St.at s ~q-> g;;n gq disbursing offi< ers Letters of credit and tracers' checks sold pqq qq for cash and outstandilw _ , , „ 30.440 201.31 Total 7 State of Indiana. County of Marion, ss: . . k - n , .mnlv I. CwynnV Patterson, cashier of the above 1 amed bar k. do , mn,.\ swear that the above statement is tru" wVnnT PATTEitSON CuehiJ. Subscribed and sworn to before me, Notary Public. My commission expires March 23 1926 Correct Attest: f Appm _ JAMES W. LILLY, FRANK D. STALMAKER Directors.

TRUST fOMC WY STATEMENTS The State Savings and Trust Cos. JOSEPH T McNARY, President CHARLES J MURPHY. Vice President. ROY SAHM. Secretary WALLACE WEATHERHOLT, Assistant Secretary. JAMES A. HOUCK. Treasurer. Condensed statement of the condition of the State Savings and Trust Company, at Indianapolis, in the State of Indiana at the close of its business on June 30, 1924: RESOURCES Loans and discounts $ 422,551.80 Real estate mortgage loans. 2,302.600.53 United States bonds 122.158.16 Company's building 160,000.00 Furniture and fixtures 37.287.80 Vault and safe deposit boxes 17.610.82 Due from departments 27,704.73 Due from banks, company funds 165.016.59 Cash on hand 48.717.99 Cash items 4.736.83 Trust securities 192,796.60 Total resources 53,581,181.75 LIABILITIES Capital stock —paid In 5 750.000.00 Surplus ....X 150.00000 Undivided profits 28.695.00 Dividends unpaid 232.50 Demand deposits . ...$ 869,276.08 Savings deposits .... 1,317,064.53 Treas. and certified checks 75.520.37 Due to banks and trust companies. .. 12,765 69 Due departments .... 3,831.08 2,278,457.75 Bills payable 70,000.00 Trust investments 192,796.50 Bonds held for safekeeping.. 111.000.00 Total liabilities $3,581,181.75 State of Indiana, County of Marion, ss: I. Roy Sahm. secretary of the State Savings and Trust Company, of Indianapolis, Ind., do solemnly swear that the above statement is true. ROY SAHM. Subscribed and swet'n to before me this j 3rd day of July. 1924. IRENE S. SCHATZ. I (SEAL) v Notary Public. Mv commission expiree Oct. 8. 1927.

THE INDIANAPOLIS TIMES

MARKED IMPROVEMENT IN LUMBER BUSINESS Demand Has Increased and Prices Are Turning Upward. Marked improvement has occurred in the lumber market, says the American Lumberman. Chicago. Demand has strengthened, production has decreased and prices are tending upward. Southern pine manufacturers state that retailers are buying on a considerably increased scale, now that they have ascertained that prices actually have struck bottom and that building is going ahead without any further interruption in prospect for the rest of the season. Industrial interests also are purchasing more freely, there being a much improved feeling among business men in general. Many smaller southern mills closed down during the recent lull and have to a large extent liquidated their stocks, while the larger ones that have remained in operation report good order files and small supplies, rather poorly assorted. Prices on some items have already advanced, and a general upward movement is expected soon. Inch No. 2 common is showing the greatest strength, and this is generally regarded as a key item. Tank Wagon Prices (Gasoline prices do not include State tax of 2c a gallon.) GASOLTN& —Encrgce,-- 22c a p?'’on; Ptirol. 18.2 c: Red Crown. 18.2 c; Die .ond. 18.2 c: Silver Flash, 22c; Standolind aviation. 23c. KEROSENE—Crystaline. 12 7 a gallon; Moore Light. 15.5 c: Arclite. 12.7 c; Perfection, 12.7 c: Solvent. 35c. NAPTHA—I.ion Power Cleaners 22 6c a gallon; V. M. & P., 22.5 c; Standolind Cleaners. 23.5 c. Hay Market Prices Wagon load lot prices hay and grain at Indianapolis aro a* follows: Timothy—a ton: mixed. 2CK£ 22: baled. bushel. Oatjj— 32c a bushel. Straw —Wheat. $9 @ll a ton.

TKI Sf n>)H‘.\NV ST.'ii:ili;.NP STATEMENT OP THE CONDITION OF The Union Trust Company OF INDIANAPOLIS AT CLOSE OF BUSINESS. JUNE 30, 1924. OFFICERS ARTHUR V. BROWN. President. FRED C. DICKSON. Vice President. JOHN E. REED. Vice President. HARRY E McNUTT Treasurer ALFRED F. GAUDINO. SeiTOtaryCORNELIUS O. ALIG, Assistant Treasurer. ALAN A. RITCHIE. Assistant Secretary. OF.ORGE A. BUSKIRK, Trust Officer. MERLIN M. DUNBAR. Assistant Trust Offiivr and Inheritance and Income Tax Officer. CHARLES T. BLIZZARD. Auditor. RESOURCES. Loans and discounts .... $3,704,287.90 Overdrafts 2,150.18 U. S. Treasury bonds, certificates and notes 514 60.. 30 Bonds and stocks (other).. 1.82.1.500.11 Company's building 138,000.00 Advances to estates and trusts 587.872.00 Due from departments. . . . 24,888.82 Cash and due from banks. 3,145,954.12 Trust real estate, appraised value 7.303,500.00 Total securities, appraised value 14,948.855.20 Total resources $32,196,619.93 LIABILITIES Capital stock—paid in... $800,000.00 Surplus 600.000.00 Undivided profits—net. .. . 931,980.45 Reserve lor taxes and interest 47.856.23 Premium reserve on bonds. 8,138.00 Demand deposits 5.006.182.32 Time deposits 1,154.856.77 Trust deposits 657.582.40 Duo to banks and trust companies 780,200.50 Due departments 88,205.19 Secretary's checks 66.752.99 Certified checks 2.009.88 Trust investments 22.252.355.20 Total liabilities $32,195,619.93 State of Indiana. County of Marion, ss: 1. Alfred F. Gauding, secretary of the Union Trust Company, of Indianapolis, do solemnly swear that the above statement is true. ALFRED F. GAUDING. Subscribed and sworn to before me, this 3d day of July, 1924. D. T. ELWARD. (SEAL) * Notary Public. My commision expiree March 26, 1928.

Report of Condition of the Fletcher Ame? lean National Bank, at Indianapolis, in the State of Indiana, at the close of business on June 30, 1924. RESOURCES Loafis and discounts. Including- rediß>courts $20,447,700.24 Acceptances of other banks discounted.. 3,534.00 Total loans $20,451,234.24 Overdrafts unsecured „ 18,077.47 Customers’ liaollity account of acceptances executed by this bank and by other banks now outstanding ........ 87,879.42 U. S. goverlTUent securities owned: U. 8. bonds deposited to secure circulation $ 3,000,000.00 All other United States government securitles, including premiums 412.957.20 Total 3.412.057.20 Other bonds, stocks, securities, etc * 2,853.083.29 Banking house and furniture fixtures ... 1,750.000.00 Real estate owned other than banking house , * 80.948.37 Lawful reserve with Federal Reserve Bank 1,421,203.57 Items with Federal Reserve Bank An process of collection v 1,515,960.85 Cash in vaults and amount due from national banks 2,958,809.17 Amount due from State banks, bankers ’■nd trust eompapies in United States. . 1,027,261.78 Exchanges for clearing house 8 729,762.40 • hecks on other banks in the same city o.- town as reporting bank 167,752.39 Total of items $ 6,399,546.59 Checks and drafts on banks located outside of city or town of reporting banks 297,889.21 Miscellaneous cash items 12.809.40 — 310.698 01 Redemption fund with U. S. treasurer and due from U. S. treasurer 150.000.-00 Other assets, if any _ 3 77.263.37 Total *37.112.892.11 LIABILITIES Capital stock, paid in ........ $ 3.000.000 00 Surplus fund . 350.000.00 Uncuvideei profits $ 180.863.3* Reserve for interest and taxes accrued... 14 256.02 Reserve for miscellaneous 63,984.10 Total 249,104.09 Circuit ting notes outstanding 2.968.300 00 Amounts due to national banks 2,531.792.60 Amoun:t due to Slate banks, bankers and trust companies in United States and foreign countries 4,939.143.73 Certified checks outstanding 05.785.47 * Cashiers checks outstanding 230.051.96 Total of items /. $ 7.766,773.78 Demand deposits subject to reserve (de--1 -sits payable within thirty days I : Individual deposits subject to check 16.649,006 91 Certificates of deposit, due in less than thirty days 23.229.51 State, county or other municipal doposits secured by pledge of assets of this bank or surety bond ■ 1.856,313.71 Dividends unpaid 1,413.86 Total demand deposits subject to resorve 18,530.563.99 Time deposits, subject to reserve 'payable ‘after thirty days or subject to thirty days' or more notice): Certificates of deposit 1.397 tl'4 )8 Other time deposits . 521 191 08 l’ostal savings deposits * 35.791.99 Total of time deposits subject to reserve. 1,954,477.15 United States deposits (other than pos- * ta. s&vings), including war loan deposit a.-count and deposits of United States disbursing offiivri 557.424 86 United Slates government securities borrowed 666.400.00 Notes and bills rediscounted 750,000 00 Letters of credit and travelers' checks sold for cash and milstanding 41,290.50 Acceptances executed by this bank for customers, and to lurniah dollar ex- “ change . . 188.615.83 Liabilities other than those above stated. 89.935.94 Total $37,112,892.11 State of Indiana County of Marlon ss: I. Kirn* r W .stout president of the above named bank, do solemnly swear that tin abuse statement :* true to the best of my know: dge and be.ml. ELMER W STOUT. President. Subscribed and sworn- to before me this 3d day of Ju’.v 192 4 JOHN T. CLARK. Notary Public. My commission expires December 2. 192 5 Correct attest: G. A. SCR NULL. G. B. MOSLEY. L. M. WAINWRIGHT. Directors. REPORT OF CONDITION OF THE CONTINENTAL NATIONAL BANK at Indianapolis. in the state of Indiana at the close of business on Ju..e 30. 1921. , RESOURCES Loans and discounts, including rediscounts 53,13.1 674.35 Overdraft*, unsecured . * 12,798.73 Customer.*' liability account of acveptanei s executed oy this bank 9.553.50 United States Government securities owned: Depo-tted to Mteurs circulation (Unit'd Mate- bond*, par value) $337,300.00 All fitted- United States Government securities 249.171,82 Total 586 171.82 Other bonds, securities, etc 186.754.35 Real (State owned, other than banking house 20,000.00 Lawful reserve with Federal Reserve Hank ' 250.721 85 lte-us with Federal Reserve Bank in proivss of collection (not available as reserve) 221.961.96 Ca- h :n vaults and amounts due from national banks 752.127.38 Net amounts due from banks, bankers and trust companies in the thjited States 155.732 91 Exchanges for clearing house 65 321.20 Checks on other banks in the same city or town of reporting bank 41,397.98 Checks on banks located outside city or town of reporting bank* and pther cash Items . . J 4.97 1.21 lb ueiiiption fund with United States tn as. nr and due from United Stales treasurer 16.865 00 Total a. *5.44 8.355.22 LIABILITIES Capital stock paid tn S4OO 000 oo Surplus fund ♦ 100.000.00 Undivided profits $ 51 176 90 Reserve f<% interest and taxes accrued.... 19.035.37 Total 5 70.212.27 _ Les current expenses. Interest and tax'* paid 70.212.27 Circulating notes outstanding 331 790.6') Ni t amounts due to national banks 96,902.15 Net amounts due to banks, bankers and t .-t companies in United States and foreign countries 998.855 32 (’■•riilled checks outstanding 11,596.14 Ca hi. r s checks on own bank outstanding 67.297.80 D. m Hid deposits (otlcr than bank deposits) subject to reserve (deposits payable within thirty days) : Individual deposits subject to check. ... 1.919,086.67 Certificates ot deposit due in less than thirty days (other than for money borrowed) 319.241.76 State, county or municipal deposits, secured by surety bond 681,493 S2 Dividends unpaid * 12.147.50 Time deposits subject to reserve (payaide after thirty days or subject to thirty days’ or more notice, and postal savings) : Other itme deposits 345,413.75 l’ostal savings deposits 7,654.54 United States Government securities borrowed 87,200.00 Bills payable with Federal Reserve Bank None. Notes and bills rediscounted with Federal Reserve Bank ". None. Acceptances executed by this bank for customers 9.553.50 Total 55.448.355-.22 State of Indiana. County of Marion, ss: I. R. \V Spiegel, cashier ox ur ..oove named bank, do solemnly swear that the above statement Is true to the best of my knowledge and belief. R. W. SPIEGEL. Cashier. Subscribed and sworn to before me this 3d day of July, 1924. GEORGE C. CALVERT. Notary Fublic. My commission expires March 23. 1926. Correct attest, H C. THORNTON. O J. SMITH. BERT McBRJDE. Directors.

TRI ST COMPANY STATEMENTS Washington Bank and Trust Company OFFICERS J. EDWARD MORRIS. President. CARL A. PLOCH. Vice President. MARK V. RINEHART, Vice President and secretary. 0. N. FIELDS. Treasurer. J. K. JOHNSON. Auditor. F. W. PAYNE, Trust Officer. Condensed statement of the condition of the Washington Bank and Trust Company, ~f Indianapolis, in the State of Indiana, at the close of it business on June 30. 1924. RESOURCES Loans and discounts $1,672,291.46 Overdrat t .. . ■ 87.84 Company's building, vaults and equipment 218,440.40 United States bonds and other securities 204,092.32 Cash on hand and la banks.. 203,571.64 Total resources $2,388,463.71 LIABILITIES Capital stock paid In $ 100,000.00 Net undivided profits and surplus Reserves 50.91n.97 Total deposits 2.001,380.37 Banking house T.TOOOOO Due departments 39,240.61 Total liabilities $2,388,403.71 State of Indiana. County of Marion, ss: 1 C N. Fields, treasurer of the Washington Bank and Trust Company, of Indianapolis, Ind.. do solemnly swear that the above statement is true. C N. FIELDS. Subscribed and sworn to before me this 3rd day of July, 1924. (SEAL) WILLIAM T. PEARCT, Notary Public. My eomadsaiou expires Sept. 7, 1937.

STATE BANK STATEMENTS J. C PRESTON President. J. HENRY FISSE. Vice President. ED F. ZIEGEL Cashier. Report of the condition of the Brightwood State Bank, at Indianapolis, in the State of Indiana, at tlp> close of Us business on June 30. 1924. RESOURCES. Loans and discounts $266,162 97 Overdrafts 76.09 U. S. Bonds 450.00 Other bonds and securities. . 0,010 00 Banking Infuse 3,500.00 Due from banks and trust companies 16,545.99 Cash on hand . 18,118.60 Cash items 43.10 U. S. certificates of indebtedness 30.000.00 Total resources $343,906.75 LIABILITIES Capital stock, paid in $ 25.000.00 Surplus 13,500.00 Undivided profits, net 5,747.73 Demand deposits.slßl,436.l4 Demand certilieates 16 110 14 Saving deposits. 71,885.78 — 269,432 06 Certified checks ’ 50.00 War loan deposit 29,876.06 Reserve for taxes 300.00 Total liabilities $343.906.75State of Indiana, County of Marion, ss: I, Ed F. Ziegel, cashier of the Brightwood State Bank, do solemnly swear that the above statement is true. ED. F. ZIEGEL. Subscribed and sworn to before me, this sth day of July, 1924. (SEAL) W. B. NICEWANGER, Notary Public My commission expires Jan. 29, 1928. TIMES WANT ADS ARE r-TIME SAVERS

REPORT OF THE CONDITION OF THE Farmers Trust Cos. 150 EAST MARKET STREET At the Close of Business June 30, 1924 RESOURCES Loans . $ 1,315,706.94 United States Government Bonds 143,421.18 Due from Department 27,243.18 Company’s Building 152,100.00 (jiasli and Due from Banks '.. 663,308.38 Total $ 2,301,779.68 3’rust Securities 116,100.00 Trusts—Real Estate 355.000.00 Mortgage Loans for Eastern Clients 37,473,500.00 Total $40,246,379.68 LIABILITIES Capital $ 300,000.00 Surplus 50,000.00 Undivided Profits, all earned 149,351.33 Dividends'Unpaid 5,826.00 Deposits 1,796,602.35 Total $ 2,301,779.68 Trust Investments 471,100.00 Mortgage Investments for Eastern Clients.. 37,473,500.00 Total $40,246,379.68 OFFICERS Charlc* N. VVilllaim, President. Charles It. Kellogg, Asst. Treasurer, Edwin 11. Forri. Vice President ~a ura Hiatt> A sst. Secretary. 1.. Smith. \ ice President suwl Treasurer. Max J. loans:, Asst. Necretary. < harlcs M. Leman, Secretary. E. L. Sturdevant, Asst. Secretary. Edwin H. lorry, Trust Officer. Wni. K. Stuart, Asst. Trust Officer. DIRECTORS James IV. Lilly Michael J. Ready Charles M. Lemon I.arz. 4. W hitcomb Charles N. iilianis Edwin H. Forry . .. . , i. >, James S. Criiso James \\ -Noel " H - Messenger Riley F.. Smith < harles E. Coffin Charles C. I’erry Thos. N. Wynne

NATIONAL BANK STATEMENTS REPORT OF CONDITION OF THE MERCHANTS NATIONAL BANK, of Indianat Ii na olis. in the State ot Indiana, at the close of business on tiie doth day of June. 1934, RESOURCES l oans and discounts $6,067,671.50 T '-■! loan* $6,067,671.50 <i. unsecured ■ 1.473.63 1.473.63 Uni; 1 States government securities I owned: I e -'red to s-mire circulation (U. S. bonds par value) 1,000.000.00 All other Cnit’-d States government securities (including premiums, if . any) 1.382,512.60 Total 2,382.512.60 Re-il - state ow ned other than banking 1,, ... . 15,600.00 lawful reserve with' Federal Reserve ... 860.651.66 :■ • Res rve Bank in f roc--** of collection.. 239,744.16 C ,*b in vault and amount due from nab inks 1,992.922.84 Amount due from State bank*, bad; a:,i trust companies in the Unit and s; ites 647.013.94 Fv ! in.-c* for clearing house 124.420.01 C •a* ou other banks in same city or town as reporting) bank 105.171.07 Total 3.100.271 83 Mi*-. e'%i;ei.-;s c ish items 38.109.28 38,109.23 Rt iemptinn fund with United States treasurer and due from United States , r 40.800.00 Otl: 1 (.-sets, if any 9,837.43 Total $15,550,334.87 LIABILITIES r -lit ii stock paid in $1,250,000.00 * * 1,250,000.00 In it-u ; -..fits 744.880.34 K -tr-.t ;o. interest and taxes accrued...*' 40.000.00 ; .. . expei - interest and ('vs 764.850.34 Ci i u time ifcites outstanding ■ 1.000.000.00 Amount due to Federal Reserve. Bank t : •fern-d cr 'fit*) * 160.544.30 Ar u.;ut due to national ban 559.970.73 An w t due to state banka, bankers and trust companies in the United States anti fort ten countries. 2.862,107.17 r I’tiii- i eh- its out standing 32.750.38 Carrier's eht vs outstanding 187,115.08 Total 3.802.487.65 Demand deposits (other then bank deposits! subject to reserve (deposits payaltle within thirty day*': Inthvuiu: i dei sits sun "et to check. . . . 5,701.153.81 Certifi alvs of deposit due in less than thirty days (other than for money 6.869.5 T State, county r.- other municipal deposits ured by pledge of ass- ts of this bank or sor iv bond 1,060.043.04 Divnlc.ids unpaid • ■ 50.003.00 Total of demand deposits (other than bank deposits) subject to reserve * 6,817.068.03 Time deposits subject to reserve (payabl ■ after thirty days, or subject to ' thirty days or more notice. and postal savings. Certificates of deposit (other than for money borrow-d) 283.000.21 Postal savings deposits 28.995.53 Total of time deposits subject, to reserve 311,995.74 United States deposits (other Jhati pre-Sal savings), including war loan deposit account. and deposits of United States disbursing oil era 313.585.73 United States government securities borrowed 312,500.00 , Total $10.500,334.87 State or Indiana. County of Marlon, ss.: • I j p Kronzel. Jr., vie privident-cashier of the above named bank, do solemnly swear that the above statem nt is true to the best of my knowledge and belief. J- P. FREN/.EL. JR . Vice President-Cashier. Subscribed and sworn to before me this 3rd day of July. 1924. GEORGE C. CALVERT, Notary Public. My commission expires March 23. 1920. Correct Attest O. N. FRENZEL, T. H. PARRY. HENRY W. ,-AWRENCE. Directors.

~Ts! VI K BAN K STATKMEXTS^, CLYDE- E. ROBINSON. President. E \Y. HUGHES. Cashier, w A BARNEY, Asst. Cashier. C. M. WILSON, Asst. Cashier. Report of the condition of the Marion County State Bank at Indianapolis, in the state of Indiana, at yu; close of its business on June 30, RESOURCES. Loans and discounts $ 856.062.12 Overdrafts 980.42 Urtited States bonds 37.5 1 9.98 : min r bon-Is and securities . . . , 455,951.95 Furniture -7d fixtures 9,735.00 Other real estate 809.52 Due from banks and trust companies 22.000.42 J Cash on hand 1 31.224.37“ Cush items 7,617.91 Total $1,622,552.69 Trust se-C’irities 21,350.00 Total resources $1,643,902.69 LIABILITIES. Capital stock —paid in $ 25,000.00 Surplus 10.000.00 Undivided profits 11.320.39 Reserve for bond depre- i elation 3.942.80 Demand depoFlts 1,073,999.85 Demand certificates 122.513.82 Savings deposits ......... 364,901.76 Certified cheeks 2,789.00 Cashier’s checks 3.801.00 Due to departments 6.094.07 Total $1,622,552.69 Trust investments) 21.350.00 Total liabilities $1,643,902.69 Stale of In iiana, County of Marion, sa: I, E. W. Hughes, cashier of the Marion County State Bank, do solemnly swear that the above statement is true. E. \V. HUGHES, Cashier. Subscribed and sworn to .before me this 3d day of July, 1924. C. H. BAILEY. (SEAIi) Notary Public. My commission expires Fob. 5, 1926.

STATEMENTS Aetna Trust and Savings Cos. E. S. GOODRICH. Chairman of ths Board. ROSS H. WALLACE. President. LEO M. RAPPAPORT. Vice President. L. H. WRIGHT, Secretary-Treasurer. J. S. GRIGGS: Assistant Secretary. O. R. OLSEN, Assistant Treasurer, Condensed statement of the condition of the Aetna Trust and Savings Company at Indianapolis, in the State of Indiana, at the close of its business on June 30, 1924: RESOURCES. Mortgage loans $ 633.626.38 Collateral arid other loans. . 546.006.97 United States bonds 32.530.04 Municipal and other bonds.. 617.609.69 B hiding leasehold ‘>0.000.00 Furniture and fixtures 26,766.30 r investments -.. 1,214.88 Advances to trusts 18,117.43 Due fr- a departments 7.248.04 Cush and due from banks.. 278.526.92 Trust securities 251.968.89 Total resources $2,463,615.54 LIABILITIES. Capital stock—paid in $ 250.000.00 Surplus 31,500.00 Undivided profits 11,147.31 Reserve > for interest and taxes 9,949.55 Demand deposits - 809.535.53 Certificates of deposit 86.559.03 Time' deposits 808.954.82 Trust deposits 105.441.20 Due to banks and trust companies ....... 76.965 9(1 Due departments 3,959.1a v ■ hecks 4.354.56 Certified checks 5.745.75 Dividend checks 7.578.87 Trust investments 251.968.89 Premium reserve on bonds... 255.00 Total liabilities $2,463,615.54 State of Indiana, County of Marion, ss: I. J. S. Griggs, assistant secretary of the A-tr.a Trust and Savings Company, of Indianapolis. Ind.. do solemnly swear that the above statement i9 true. J S. GRIGG3, Assistant Secretary. Subscribed and sworp to before ms, this 3rd day of July. 1924. (SEAL) JEANNETTE HARRIS. - Notary Public. My commission expires October 7. 1925.

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