Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-12-13
SAVINGS CLUBSFACTORS
IN SEASONS SHOPPING.
By I. A. FLEMING.

SuIlSIIla0 c3Vlh8S C1uOSs I0rueQ u
year ago. will be quite 4 factor in
the seasons shopping. for they viii
have largo amounts Of money accu-
mulated for the express purpose OF being
generous in the holiday season.
Three savings banks have reported
their total and made distribution Of
their checks to the happy savers.
these institutions handing out Ss3S,-
SO to swell the available funds for
Christmastlde. Some Of the smaller
savings banks may have conducted
clubs and have not made their an
nouncements as yet.
The Franklin National Bank sent
irons for $4,000. which is claimed As
the largest distribution made in the
District by any bank from similar
savings. 80
The Security Savings and CONNER
cial reports sending out checks for
$o4s,s10 and the Union Savings Bank
has paid out to its club members a mat
ter of $4,000.
This is quite large aggregate to
of the fact that advantage may be
taken of installment buying. contains
possibilities of a million dollars worth
of retail purchases.
A number of banks have opened
clubs for the 1919 holidays, and it is
expected that the savings under this
plan will be much larger next year.
Bankers Association to Meet.
The District of Columbia Bankers
Association will meet on Monday
evening.
The committee on early closing will
make its report, probably indicating
that the need for the measure has
passed with the close Of the war and
the return Of employees in force.
Some report will probably be made
by the committee selected to take ac-
ton on the question of appointing an
assistant secretary. Other routine
matters will be considered.
Early Call Expected.
Bankers are expecting a call for q
trollers Office in tho near future. The
last call was for November 1.
Washington Gas Bonds.
1t is understood that the local Cap
ital Issues Committee will be called
upon to give approval to the issue Of
a little over one million OF Washing
ton Gas S. authorized by the utilities
commission,
Hambleton & Co. of baltimore bid
about 94.2o for the issue and were the
successful bidders.
Will Double Capital Stock.
A meeting Of the shareholders of
c., 49,
called for about the middle Of jan
uary to take action on increasing the
capital stock of the bank to $3.50. 900,
one OF the essential preliminaries to
naturalization. Tho new stock will
be put out at $40 q share in order to
give the bank a surplus.
Personal Mention.
Eugene E. Thompson returned this
morning from Atlantic City. where he
had been in attendance on the Invest
deeply impressed by the address Of
George z. Roberts.
Sharp Gain in Steamboat Stock.
On today's session OF the local stock
exchange. Norfolk and Washington
Steamboat shares sold at 1875. The
last previous sale was at 1861, but
1870 has been bid for some time.
Retirement of the bond issue and
belief In q permanent increase in the
annual dividend rate were the factors
causing the advance.
Capital Traction So sold at 90 ana
the general IS Of the Railway and
Electric Company at 81.
Home Savings Dividend.
Directors OF the Home Savings Bank
have declared their usual semi-annual
dividend Of per cent, payable Janu-
airy /, 1919. .