davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1934-07-19
COST
Is PER CENT
FOR BANK
(continusd from Page y

[continusd from Page y
which represents money paid in
dividends to depositors and offset
allowances.
Depositors. therefore, in this
bank, have thus far been charged
approximately 6.6 per cent Of the
money paid them In dividends for
liquidation expenses.
just what percentage Of the
money still due depositors will be
eaten up in expenses is a matter
Of speculation. There is every
indication that the percentage
will be far below the present per
eentage. Since the receiver stepped
into the picture expenses have
dropped considerably. This is due
not only to q curtailment Of ex'
penditures, but also to the fact
that the bank is in less muddled
condition than it was six months
ago.
Chances for an early payment
Of dividends in the Federal-Ameri.
can National Bank and Trust
Company are slight. In fact, it
Is seriously doubtful whether de-
positors will receive anything be-
fore six months, and what pay.
ments are made will fall short Of
100 per cent, according to the
outlook today.
In the first place, the bank is
carrying a heavy burden in the
form of a $2,348, ,425 81 loan from
the Reconstruction Finance Cor
pofation.
A great sigh Of relief was sent
up by depositors when it was an.
nounced recently that the Comp
troller Of the Currency had levied
assessments against the stock
holders in the amount Of
$2,O00,000. The popular opinion
was that all of this money would
be collected and that depositors
would benefit accordingly. .
Can't Collect Levy
But the truth is that hardly
half of this money will be col.
lected. Since the banking de-
bacle of last year many of the
once well-to-do stockholders have
gone bankrupt and many more
will be thrown into bankruptcy
If attempts are made to collect
the assessments.
Conservative bankers who have
had many years experience in
the collection of assessments
stated today that the receiver
Of the bank will be fortunate in
collecting one-third of the $2,000,-
900 assessment.
It must be remembered, too,
that this staggering figure of
100000 is expected to be paid
by 642 persons. With credit and
cash as tight as drum today, it
can well be imagined what diff
culties these 642 persons will run
up against when they attempt
to meet this obligation.
The Washington times., 1934-07-19
FUTURE COTTON
DEALS BOOST
PRICES

NEW YORK, July 10 G.N.sJ.
After hesitating momentarily at
the opening cotton futures re-
sumed the advance today, the
list moving SO cents a bale
higher. One or two contractors
touched their highs for the sea-
son established yesterday.
Ira d ing was comparatively
quiet in initial dealings, but
picked up as the market turned
upwards. The rally was touched
off by the strong opening of
grains and firming tendencies in
stocks.
On the call, futures were 3
points higher to 2 lower. Trad
erS appeared influenced by easi-
ness at Liverpool, where cables
were more than a half dozen
points below due prices. There
was firm undertone in the
ring, however, and a steady in:
flux Of buying was sufficient to
start the list toward Wednes.
days peaks.
Domestic trade sources, com.
mission houses and New Orleans
were good buyers late in the fore.
noon. Spot house and Southern
selling, heavy at the opening,
dwindled appreciably toward the
noon hour. Liverpool was on both
sides of the market,
Considerable discussion circu.
lated as to when spot merchants
might be expected to cover short
hedges against cotton they have
offered to the government on
basis and for acceptance up to
midnight last night. This buying
is expected to stimulate prices ap.
preciably.
Noon quotations were up 6 to
10 points. with October up 9 at
1884, December up 6 at 13.45, and
March up 10 at 1889.
The Washington times., 1934-07-19
COMPANY SEES
NET INCREASE

Report of American Business
Shares, Inc, for the six months
ended June 30, 1894, shows total
income of $27,849, including ST.
622 cash dividends from domestic
corporations and $227 proceeds
from sale of stock dividend. Net
income from investments after
all expenses, but before Federal
income taxes, totaled $16,14S.
Net profits from sales Of securi-
ties during the period, after pro
vision for Federal income tax and
for reserve for excess Of cost Of
investments over value based on
current market quotations, and
including unappropriated net
profits from sales Of securities on
June 80, after appropriations for
distribution totaled $16,532.
Total assets are shown as ST.
557,O63 on June 80, compared
with $1,O95,406 on December 81,
1888.
Shares outstanding increased
from 1.156,500 on December 81,
1888 to 1,664,O00 on June 80,
1884. Number of shareholders in.
creased during the same period
from 2,123 to 2,78l.
The Washington times., 1934-07-19
POUCH NAMED
CHAIRMAN

The industrial advisory COM
mittee of the New York Federal
Reserve district met yesterday
and completed its organization.
The committee, which consists Of
five industrialists, has been Or
ganized to pass upon loans to in
dustry to be made by or guar
anteed by the Federal Reserve
Bank under the industrial loan
act of June 10.
William H. Pouch, president of
the Concrete Steel Compan
New York, was elected chairman
and John A. Hartford, president
of the Great Atlantic and Pacific
Tea Company, New York. was
made vice chairman. The COM
mittee has selected as executive
director Seldom o. Martin, for
merly a professor in the Harvard
School of Business Administration
and more recently engaged in in
duStrial reorganization work. Mr..
Martin has joined the staff of
the Federal Reserve Bank and
will give his full time to to pass
ing on industrial loans.
Rufus j.. Trimble of the Re-
serve Banks legal staff, has been
appointed secretary of the COM
mittee. The committee has had
several applications for loans be-
fore it, but no announcements
have been made Of the approval
or granting of any loans.
The Washington times., 1934-07-19
Bank Receivers Accused
Of Nippinq BondhoIderS

Charges that receivers of ma.
tional banks in many instances
have conspired to profit at the ex-
penSe of holders of defaulted real
estate mortgage bonds have been
laid before Comptroller Of the Cur
rency j. F. T. O'Connor.
The complaints we're received bv
the congressional committee named
to investigate bondholders pro-
tective committees.
In some cases, committee mem.
berS said today, receivers have
obtained lists of holders of de-
fRulted real estate mortgage bonds
because the banks were the trus-
tees. They claimed the receivers
also have obtained lists because
the banks, either directly or in,
directly, were the original issuers
Of the bonds.
Complaints have been made
that receivers have organized
bondholders protective committees
and charged exorbitant fees for
reorganization services.
The Washington times., 1934-07-19
IVA Electric Bills
Reduced: POUer' Up

ATHENS, Ala. July 16.-Con-
sumers of electricity here re-
ceived greatly reduced bills for
June, the first bills to be figured
at the new low Tennessee Valley
Authority rates, it was an
nounced by the authority.
"In all cases consumers
found substantial reductions
ranging from 40 to 70 per cent
on their electric bills" it was
said.
Examples were cited where
customers used $40 per cent
more electric energy at an in
crease Of only 78 per cent. It
was also stated that the city pur-
chased more energy than before
and the total cost was consider
ably less, the saving was about
46.6 per cent.
The Washington times., 1934-07-19
N. Y. Curb Quotations xs": s9%,'' 5s' ,t:::. E:::

NEW YORK, July 10 QN.S).
The advance on the curb exchange
was continued today in somewhat
more active dealings.
Individual situations were again
outstanding, with some specialtieS
UP as much as 2 points while the
rest of the list continued domi-
nant. Strength on the big board
and in commodities were support
ing influences.
Dow Chemical maintained its
upward pace with a 2-point squirt
to a new high for the year. This
brought firm tone in American
Cyanamid B and other chemical
shares.
Greyhound, q favorite earlier in
the year, rose about q point to
within striking distance Of its
1884 high. Activity in Carrier
Corporation continued with the
stock up fractionally.
Utility shares showed no change
in the speculative neglect and
narrow price movements which
have dominated the group for
weeks. Electric Bond and Share
and American Gas and Electric
were little better than steady,
while low-priced issues continued
to mark time.
The Washington times., 1934-07-19
TRADE REVIVAL
PREDICTED

NEW YORK, July 19.-store
executives are openly pleased
with the public response to sum-
mer offerings, for retail trade is
generally we'll ahead of a year
ago, says the Standard Statistics
Company, of New York, cur
rently.
The explanation apparently is
that merchandise in consumers
hands is rapidly losing it's utility
as result of the early and un-
usually persistent hot weather.
Normal seasonal sales declines
are therefore being relieved some
what by replacement of such
goods, which is taking the form
very largely of early purchases of
fall lines. This tendency has
been shown thus far principally
in the lower price field, but
should soon extend to higher
quality lines.
A fall buying movement of sub
stantial proportions is indicated,
early appearance of which will
assist retailers in maintaining
favorable sales comparisons with
a year ago.
The Washington times., 1934-07-19
Chicago Stock Index
Is LOUer in Week

CHICAGO, Illinois July Il. 1884
Twenty-Five representative stocks
listed on the Chicago Stock Ex-
change had a market value at the
close of business for the week
ended July l4th of $586, 6,995,913, a
decrease of $22,769,674 or 3.73
per cent, as compared with the
market at the close of the pre-
vious week, according to COM
pilation by Paul H. Davis & Co.,
members of the Chicago Stock
Exchange.
At the close of the correspond
ing week a year ago. the same
twenty-five stocks had a market
value Of $807, ,188,68S, indicating
a decrease during the year of
$220,192,775, or 27.28 per cent.
The Washington times., 1934-07-19
NEW HIGHS HIT
IN PIT TRADES

CHICAGO, July 10 U.N.s).
Grain prices pushed forward to
new high levels on the movement
here today as apprehension grew
over the crop outlook due to the
prolonged drought. Wheat and
rye were bid up and corn a cent.
Sizzling temperatures and lack
of rain in the greater part Of the
grain belt brought active buying
at the opening and prices moved
up sharply with wheat soaring &c
to $1.02 for the September deliv-
cry, a new high on the movement.
Corn shot up a cent to 64c and
rye moved up around &c with the
deferred deliveries selling at new
highs for the season.
Near noon wheat was up Ia to
1Rc, corn 20 to 1c, oats " to 12c
and rye / to 15sc.
The Washington times., 1934-07-19
LIVERPOOL COTTON

LIVERPOOL. July 10 N.s).-There
was an increased demand for opening
spots on the Liverpool cotton market
today. Prices we're steady and receipts
totaled $4,000 bales, none Of which were
American.
At noon. middling fair was s.25d;
strictly good middling, 7.SOd: good mid
ding. 7.50d; strictly middling, 7S5c:
middling. 1900; strictly low middling.
7.05d; low middling, 6.S0d; strictly good
ordinary, $500 and good ordinary,
Futures opened steady and at noon
were unchanged to 1 point lower than
opening quotations and 1 to points
below due prices. July opened at 6.9Sd;
October, 6.9Od; January, 6.s4d, and
March, 6S4d
The Washington times., 1934-07-19
HOG MART DULL;
CATTLE SLOW

CHICAGO, July 10 G.N.S).
Hog receipts were 10000 today
with the market slow and dull.
Bids were 10c lower, but statesmen
were inclined to hold out for
steady prices. Buyers were bidding
from $4.83 down, with most good
hogs at $4.60@4.80.
Cattle receipts were 10000. The
market was slow and about steady
for all that were desirable. Cows
and heifers sold steady to weaker.
Calves were steady to strong.
Best lambs held at $3.50.
The Washington times., 1934-07-19
N. Y. Bond Quotations

NEW YORK, July 18 ON.S).
An irregular price movement
characterized the early bond trad
ing today.
Railroad bonds were somewhat
irregular reflecting profit taking
following yesterdays recovery.
Texas Corp. SIS we're unchanged,
as were the North American Edi-
son IS and the American Tele-
phone convertibleS.
Foreign government loans were
quiet with the German 51as up in
sympathy with the rally in the
mark.
United States Government liens
were somewhat easier.
The Washington times., 1934-07-19
Commission ALLOIUs
Line Abandonment

The Interstate Commerce Com.
mission has authorized the Pere
Marquette railroad to abandon 81a
miles of line between Kirk and
Kanitz. Mich.
Commission examiners recon-
mended denial Of the roads ap-
plication for permission to aban.
don about six miles Of line be
tween Elmdale and Freeport.
The Washington times., 1934-07-19
First National Sees
SEOLeS Best in Year

BOSTON, July 19 u.N.SO.
First National Stores reported
sales for the five weeks ended
June 80 of $10,801, asa, the best
for any June period since the mer-
ger of constituent companies in
1925 and exceeded only in the
five weeks of December, 1929, a
boom period when sales rose to
$10,920,0 900.
The June total was 5 per cent
above sales of $10,2S8, ,498 reported
in the corresponding period last
year, and brought sales for the
thirteen weeks to June 80 to $27,-
564,562, a gain of 6.5 per cent
from the 1893 period.
The Washington times., 1934-07-19
LO0dings Seen Less
Than Like 1888 Week

NEW YORK, July 10 0.N.S).
While recovering last week from
the decline the week before due to
the holiday. New York Central
railroads traffic lost further
ground compared with a year ago,
when loadings were rising to the
best levels of the year.
Loadings for the week ended
Saturday totaled 88,967 cars COM
pared with 80,372 the week before
and 107,915 a year ago.. Decline
from 1888 was 17.2 per cent COM
pared with 11.3 per cent in the
preceding week.
The Washington times., 1934-07-19
PGrn1elee Reports -.
LOUer Net Loss

Parmelee Transportation Com
pany and subsidiaries, for the six
months ended June 80 last, re-
ports net loss of $151,864 after
Taxes and charges, against net
loss Of $576,354 in the first half
of 1888.
For the quarter ended June 80
last, the company had net loss of
$57 $40 after taxes and charges,
against net loss of $94,315 in the
preceding quarter and let loss of
$275,491 in the June quarter Of
last year.
The Washington times., 1934-07-19
Chesapeake and Ohio
Net Income Gains

NEW YORK, July 10 G.N.sJ.
The Chesapeake and Ohio rail.
way, first of the major Eastern
carriers to report for June, today
showed a net income of $2,514, ,1O6
after charges, compared with $2,.
422.316 in. June, 1888.
Net income for the first six
months this year amounted to
$JS,946,851, equal after preferred
dividends, to $1.82 a common
share, against $10,365,717, or $1.35
a common share, in the cores
ponding period last year.
The Washington times., 1934-07-19
Destruction Less
=. ExchUnQe Reports

Coffee destruction during the
first half of July totaled 305, 900
bags against 100000 during the
last half of June, according to
advices to the New York Coffee
and Sugar Exchange. Since June,
1881, Brazil has destroyed 29.-
446,00O bags. or more than one
years consumption for the en-
tire world.
The sharp decline from the
100000 bag total in May and
the 1,227,O0O total in June re-
fleets the improved statistical
picture in Brazil. Faced with an
estimated 1934-35 crop Of 14,102.-
900 bags, Brazil feels that it can
now let down somewhat in its
destruction program.
The Washington times., 1934-07-19
NEW YORK
lK Inlnr IN II
CHICAGO LIVESTOCK

Hogs Receipts. 20. 900; market 1oc
lower. Top, $4.9O; bulk. S4.5O@4SO:
heavies,. $4.SO@4.sO; mediums. S4.S5@
40: lights. s4.4O@4.7O; light lights. $3.50
@4.25 packing sows. $3.75@4.26: pigs,
$2.50@3.75. Holdovers, 1000.
Cattle-Receipts. $4,000; calves, 5000;
steady. Beef steers, good and choice.
$S.50@10.25; common and medium. IS o
$50; yearlings. $500. Butcher cattle.
heifers, $35O@7; cows, $2.5O94.75: bulls,
$2.75@4; calves, $3@6; feeders $4955O:
stockers, $3.5O@5; stocker cows and
heifers. $2.75@4.5O.
sheep-Receipts. 10000: steady. Me-
dunn and choice lambs, $7@7.50: culls
and common, $5@6; yearlings, $5@650;
common and choice ewes, $1@2.75;
feeder lambs S5065O
The Washington times., 1934-07-19
CLOTH TRADING QUIET

NEW YORK, July 10 GN.s).-Trad-
ing in the coarse yarn cloths market
continued quiet today, but the general
price structure maintained a firm tone,
with occasional advances being reported.
No further strike development news
came from Alabama, except that various
houses in the affected zones were ap-
praised of which mills were closed,
from spinning and weaving rooms to
shipping departments.
There was little concern expressed
about the quieter trading situation, some
of the most careful merchants being
firmly convinced that the longer buyers
wait to place either initial or duplicate
orders the more they will pay for yard
are later on.
The Washington times., 1934-07-19
Regulator Firm Net
Income and Sales Up

Minneapolis Honeywell Regula-
tor Company reports for the three
months ended June 80, net in
come, after all charges, of $227,-
O91, compared with net income
of $23,277 for the corresponding
period Of 1888. Net sales for the
quarter were $1,244, 1886, as COM
pared with $674.736 for the cor
responding period of 1888.
The Washington times., 1934-07-19
CLEVELAND LIVESTOCK

Hogs-Receipts. 500; trade slow; most
ly steady; top. $5.26, paid for choice
200 to 800 lb. hogs.
CattIe-Receipts 400; supply mostly
common grass cattle; very little action
on this kind; cows slow at steady prices.
native vealers, Sc: few choice at $3.50;
common and mediums, $3@5.
Sheep-Receipts. 500: trade slow on
all grades; sales steady to weak; choice
ewes and wether lambs in demand UP
to $3.50.
The Washington times., 1934-07-19
NO COMPETITION

The Interstate Commerce Com.
mission today held that present
local passenger and proposed local
freight services between Boston
and New York of the Ocean
Steamship Company of Savannah
are not competitive with the Cen.
trail of Georgia and Illinois Gen.
trail Railroads,
The Washington times., 1934-07-19
Mcintyre Quarter %
: Net S1.I9 O. Share

Mcintyre Porcupine Mines, Ltd,
June quarter net profit amounted
to $951,734 after charges, equal to
$1.19 a share on the capital stock,
compared with $80O,468, or 81 q
share in the second quarter last
year.
The Washington times., 1934-07-19
NEW YORK WOOL

quiet; domestic fleece unwashed, Ohio
pulled secured basis, s5@95: domestic
Texas clean basis, 6S@95: domestic ter
ritoryS clean basis 67@S3A
The Washington times., 1934-07-19
Produce Markets

North Carolina. s2-quart crates. 1'hc
ApplesEsupplies liberal; demand
light; market steady. Maryland. Virginia
and West Virginia, Transparents. U. 8.
No. l. 2h inches minimum. $1.25;
inches minimum. 81: unclassified
small sizes, soc.
Celery-No carlot arrivals; un-
broken car On track Michigan, High,
balls $1.20; New York. 2-S crates SO
dozen. $3.50, few $9.75
Oranges-One California arrived;
broken and unbroken cars on track.
Calif9rnia boxes, $S.50@4.75, according
to grade and size.
Lemons-Californta. boxes. $5.5O@S.5o,
according to grade and siZe
Pears-No carlot arrivals; 1 unbroken
car on track. California. boxes Bart
let's Mountains $25O@2.75
okra-Tennessee. 12-quart baskets.
Grapes-Table stock: no carlot arri.
walls; . unbroken cars on track
L. G. L; Express Arrivals at WASH
ingtOn, July 16, 1884
Delaware-21 crates asparagus.
crates lines; ~ busSel % baskets 0eauU oira. "
North Carolina-24S crates canta-
loups; sS crates corn: Is bushel-baskets
berries; as ~ hbushel baskets) okra; 50
bushel baskets peaches: 25 crates (S0-
pounds) tomatoes.
New York-SO crates celery: 10 crates
Georgia-66 buShel baskets lima beans.
Tennesseo-35 O. -bushel baskets)
okra.
Mixed vegetables-12 crates.
Sweet Potatoes-Truck receipts light:
supplies, light; demand, light: market.
steady. North Carolina, bushel baskets
Puerto Ricans. best $1.25 91.50; fair
condition, $1.00.
NEW YORK
NEW YORK, July 10 U.N.S.).-But-
ter steady: salted and unsalted. Cream
cry higher scoring, 24h @26Ac; cream
cry extras, 24@25Ac; creamery firsts,
21& 24%c.
Cheese-Quet. state and whole milk
flats; specials. IS @19c; average run. IS a
16hc; Wisconsin, whole milk fancy,
young Americans. 12% @1Sc.
Eggs-Firm. nearby white specials 20
@25c. Standards 21@21A, mediums,
20h @21hc; nearby brown specials, 200
26c; standards, 1Sc; mixed specials. 1s
@?2Ac: standards, 1sA @1shc; firsts,
16% @17c; seconds, 15@15hc: medium,
15@15Ac: Pacific Coast white, fancy
packs. 26k @27hc: standards, PAN q
26c: mediums, 23@ 24c.
Milk-Wholesale price, 1910 per 100
pounds No. 1 fluid milk within the 2O1-
21O-mile zone.
The Washington times., 1934-07-19
NAVAL STORES

NEW YORK. July 19 N.N.S.).-Petro-
leum steady, crude Pennsylvania 217 a
turpentine easier, 4S@4sA; rosin steady
common, $40.
The Washington times., 1934-07-19

LHigh Low Zoo
St Sn sfn Nh M s.. .' l5s TX 5s$ n5s$ TX
sss'e sss / I 5. az = is.": ~; = * x
SID A l. IS AS ct.... s s
SID All Fla IS B ct... 3h 3La 3h
Shell Un Oil IS ~. 9sh 99h 99h
She'll Pipe L 5s '52.... 1928 i1O2 I1O2
Sierra & S P Pw SIS. .l1O3h ,1O3hI103h
Silesian A NJ Is a.. 81 81 81
So Pac 45s 81 ...... 6315i G3h 63h
Sop Co Ore LA4ias77. S11sI 81 Slh
SoPaSan FIT st $3.50. 9S7S 9S% 9SN
So Ry gen 4s A '5S.. 50 4 5sH SSS
So Ry 6Ias '56 ...... 81 S3 sax
So Ry gen IS SO .... so 1919 1871
swn BIT 1st.&f Ass 81 1O9% I1O9h I1Os1a
Tenn El Pw ssA AT. - Ss%I SshI ssN
Term RRStL gnrf4s53. 100 % 10O1a 100 u
Texas Corp IS 'A.... 103 u l103ss l103%
Tex&Pac 1st 5s 1000 ..l111 Iii Ill
Tex&Pac 5s 7S....l SSbl S51sI S5h
UnEl&Pst L SIS gn 81 I1O7 I1O7 1O7
Un Oil Cal SIS '42. HAS HAS HAS
Union Pac 1st As AT . los 1OS 10s
Ttil Ut g & 1t It ct - WV $3.50 sSn g g " g
Util P & 1t 5hs A.. 80 291al 29h
vertientes sug 1st Is AZ 7hl IA ~
Vir Ell Pow 5hs A.. los S 108k 1OS %
Vir & So 1st IS 20O$.. S4A 81 s4
Wabash Ans 7S.......i 20 90 90
Walworth IS A 45... 49h 49h 49h
Warner Bros Pict IS SO So so so
Warner Sug 1st IS Al. 107 10Y l107
West Pa P 1st5sG56. l109S l109 S 1898
West Ell deb 5s A., 103 a 1881 1O3h
Westn Md LIST As So. S7% 86Ts S7a4
Westn Md 515s '77..... 972s 81 978
West N Y&Pa 1st 5s37 106 % 106 Ss 106 q
West NY&Pa gen 4s'43l103 Il l103A l103k
West Pac 6s A AS 1st. S9%s 3S12 39A
West Union 5s '3S. l101 II l101 u 101 n
West Union 5s Co.,. S6 S6 Sc
West Union 6las '36. l101% l101 q HOLY
The Washington times., 1934-07-19
U. s. Govt.

stL IM&s Riv&G As. 6OhI SOIL SOW
ST. ST. sFF sERy Fy !. 's Ct TX TX tx %
The Washington times., 1934-07-19
DIVIDEND ANNOUNCEMENTS
REGULAR

EX.DIVIDEND TOMORROW
The Waterbury Democrat., 1934-07-16

Simultaneous with the an
 nouncement of the consolidation s-fhe Personal Finance Co is an slouncing the celebration of it's fif-
 teenth anniversary in Waterbury sss Albert A. Martinson, manager oi the Personal Finance Co at Wat
 erbury for the past 10 years, will !. remain in the same capacity under the merger. He announced today that Thomas J. Magner, well known Waterbury boy, graduate oi the Wharton school of finance al
 Pennsylvania university has beer
 Appointed assistant office manager sMr Wagner has been associated with the Personal Finance Co for the last three years.
 MT Martinson further stated that 1Nfiss Agatha Deeley, cashier for a Plumber of years with the New sEngland Equity Corp will retain sthe same position under the mer- ger and that William Dealey who held the post of assistant man. sager in the Equity Co will be out .side representative under the new arrangement.
 The New England Equity served < 1.000 Waterbury accounts and the SRersonal Finance Co, 2,00O prior {o the consolidation.
 Z The consolidation was arranged 4hrough the Beneficial Manage Mlent Corp of New York city, par sS1lt organization of the Persona aFinance Co. The Waterbury merger ds part of the consolidation of all .New England companies of the New England Equity Corp and the sPerSonal Finance Co.