Evening star., 1936-02-01

his long service the "Old Mutual"
was located at the corner OF Ninth
and Pennsylvania avenue. In 1906
the company bought the building from
James F. Oyster, later moving to 1901
H street, where the site was purchased
and an Office building erected.
Mutual Fire now is in its eighty
second year, having been chartered
by Congress in 1855. AS executive
officer Mr.. Boteler has had an i'm
portant part in the company's growth
over a period of many years.
1t is believed that the total of al
most 70 years combined service OF
MIR. Boteler and his father is unique
In the annals of business establish
ments in the District.
Seaboard Finance Net Gains.
Profit and loss statement of the
6eaboard Finance Corp, Southern
Building, shows a net profit of $43,-
1904 in the last quarter. Business
has scored large increase and assets
an increase to SLAP ,397.09.
After all reserves, including Federal
income taxes, the corporation reports
earnings available for dividends far
above preferred requirements and
leaving approximately 80 cents a share
on the common stock. The company's
home Office is in Washington and its
business operations in the principal
cities of Virginia and Tennessee.
It will be recalled that James M.
Johnston g. Co. of Washington, with
Leach Bros, New York, recently un-
derwrote an issue of 10000 shares OF
preferred and 22500 shares of COM
mon Of this company.
Farm Purchases Doubled.
The number of farms bought from
the IL Federal land banks by farmers
and investors in 1885 was almost
double the number for 1884 and more
than double that for 1888, according
to figures released here today by the
Farm Credit Administration.
The tone of the farm real estate
market improved substantially in every
district, and farms and part farms
acquired by the banks over period
OF years were sold at an average rate
Of about "a a day for each and every
working day during the year.
Some 8,788 whole farms and 1879
part farms were sold in 1885 for $29,-
213,000 compared to 4,865 whole farms
and 698 part farms sold for SIT $780,
600 In 1894. Cash down payments
were considerably larger in most dis
A~1o col 4rin o11t a
higher percentage of the carrying
value of the property.
1885 Savings Up $l60,122,115.
Deposits. depositors. assets and sur
plus accounts of mutual savings banks
continued to rise in the last six
months of 1885, according to the
National Association of Mutual Saw
1ngs Banks.
Excepting depositors, the rate of in
crease In the last half year was slower
than in the first half. The average
account feceded slightly, which is
taken to mean that depositors are in
vesting funds in other directions, but
maintaining their accounts on balance
At the year end deposits of mutual
institutions, operating in 1S States,
reached the sum of $9.9l7,8l3,052. a
eain for the last six months OF ST.
76l ,s32, and for the year $l60, ,122, lis
This figure closely approached the all
time peak Of January l, 1882, when
deposits were $l0,030,014,3S5.
Financial District Notes.
A semi-annual dividend OF 81 q
share has been declared by Compania
Swift International. The dividend IS
payable March l to shareholders OF
record February is, the washington
of6ce announced today.