Evening star., 1923-02-08
TREASURY EXPECTS
STEADY BUSINESS
Officials Declare Outlook for
Spring Bright-0ther In
vestment Notes.

The business outlook for spring Is
declared by high Treasury Depart
ment officials to be very GOOD.
Although at the present uilie
there is not much demand III the
money market that can be attributed
to seasonable conditions building
operations are to be expected TO re-
sumo heavily with the opening OF
spring. 1t is predicted.
Labor conditions are described as
very favorable with a slight ohance
. only that there will be any shortage
when spring activity begins
TRANSPORTATION has been increasing
its facilities with the railroad equip
ment companies holding on their
books large orders for future de-
livery. The roads are said to he
we'll able to increase their equip
ment to meet the more active de-
mands of business.
r. & ID. Company OF Maryland.
With an income from investments
during 1922 more than sufficient to
pay the dividends declared upon the
company's stock. the annual report OF
the Fidelity and Deposit Company
of Maryland, as submitted at a re-
cent shareholders meeting by E. A.
Hamilton, vice chairman or the board
OF directors and executive head OF the
organizations. showed marked in
;creases in all particulars as compared
with its condition at the close OF
business December 81, 1921.
According to the report. the COM
pany's assets. December 81, 1922,
pared with s13.34o,04I.54 in the pre-
vious year. During the year just
closed IL gross business Of s1S,922.-
69l24. against S1I,946,621.30 in 1921,
and net premiums increased over a
million dollars. The ratio Of increase
in premiums during 1922 over 1919
vas more than 20 per cent, the report
stated
Cash in bank December 81. 1922,
amounted to Sl.S01.29s.71, whereas at
the same time in 1921, it amounted to
sI.164S06.03.
During the year the company in
vested about $4,000 in government,
state, county and municipal bonds.
The net underwriting profit in 1922
amounted 10 S4l9. .57495, as compared
with s275, .oS in 1921.
The report further showed the COM
pany's expense ratio to he 2.5 per cent
while on the last day of the year
$s41,S20.71 was added to the surplus,
making a total surplus of sS.366.354 "a.
The number of stockholders during
the year just closed Increased from
l,4S3 to 1880.
Fleming Back nt Desk.
Robert V. Fleming, vice president
and cashier of the Riggs National
Bank. was back at his desk today.
Mr. Fleming was one of the many
bank officials of the city to suffer
from the flu epidemic.
Mr.. Fleming is chairman of the
banks building committee, and said
today that the constructors house 70
be used during the erection of the
new Riggs branch bank at Connect
cut and Mas&a ehusetts avenues is
being put up, and that work on the
structure would begin shortly.
American Security Cleans Front.
Following the lead Of its neighbor,
the Riggs Company. the American n
Security and Trust Company is hav-
ing the front of irs home at 18th and
PENNSYLVANIA avenue scraped, and
when finished the l-known corner
will present most cleanly appear
ancc.
Car Loadings Increase.
Record loadings of revenue freight
for this tire Of year continue. ac-
cortling TO the American Railway AS
sociatiun. Total for the week ended
January q, was SILICA cars. an in
crease of 5JSS over the week before.
i3G.T18 over the corresponding week
last year and, compared with the cor
responding week III 1921, an increase
grain products and forest products,
incress ses over the week before were
reported in the loading Of all COM
mOditieS.