Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-24
LINCOLN NATIONAL.
, TO ENLARGE BANK
Has Purchased Property Ad-
joining Quarters on South.
Bankers Will Meet.
BY I. A. FLEMING.

Ine Lincoln National Bank mas pU'-
chased the property Immediately ad-
joining on the south. No. 31s 18th street
northwest. now occupied by j. E. Cum
ningham & Co.
At some future date the banking quar-
tiers will be greatly enlarged. through
the use of this purchase, which will give
the bank a frontage of fifty-bve feet on
9TH street.
The business of the Lirceln National
Bank has steadily increased of late. Its
deposits in the last fo1r years have
practically doubled, the total September
IL. 1916. being S2.26O ST.. as agains,
s4,43s.413 September 8. 1920.
Larger quarters are needed at once
and will not long be delayed.
Another evidence. of prosperity is
shown in the action of the directors
taken at their me9,ing yesterday, when
they declared an Extra dividend of per
cent, payable OcyJber 10, to shareholders
of record Octob's: 5.
Bankerk Council Meeting.
The executive council of the Dis
trict Bankers Association will hold its
hrst meeting since the annual conven-
ton, on CAP. from r. y. Harper, pres
ldent, this afternoon.
1t is expected that a call for spe-
cial me stinE of the District of Co
Iumbia Bankers Association will be
issued for the express purpose of
considering the recent action of the
Washington Clearing House Associa-
ton in adopting uniform business
ho'rS for local banks.
Progress of the arrangements for
the A. B, A. convention will probably
be considered by the executive coun-
Gil and the association itself in the
near future.
Dividends Declared.
Directors of the Security Savings
and Commercial Bank have declared
the regular quarterly dividend OF !
stockholders of record September 25.
Books do not close
Directors of the District National
Bank have declared the regular diVl-
dend for the quarter of per cent.
payable October 5. to shareholders OF
record September 2S.
Second Liberty Az.
The Federal Reserve Bank of Rich
nond announces that the government
will not withdraw conversion privilege
for the first and second As into 4A per
cent until after six months notice of
the ending of privileges has been made
public through the press.
1t is possible to convert these bonds
on the semi-annual date next succeed
Ing the date of presentation for con-
version.
LOCAL Securities.
Trading On the local exchange was
decidedly light. buyers and sellers be-
ing apart in their views Union Trust
shares sold at 100, Washington Gas
brought Al Il and Railway common Is.
The bid price for Railway preferred.
SIS. was met by holders asking SO,
with Capital Traction nominal with
85X bid and IS Y asked
Asking prices for the typesetters
were fractionally higher.
Columbia GraphOphone.
Balance sheet of Columbia Graphic
phone Manufacturing Co, as of June
so. 1920. follows:
Assets. Cash, s4.011.445; notes and
accounts receivable, $6.43S.346; inven-
tories, s19.275,263: investments, ST.
$4,000; property and plant after de-
preciation. $4.457,594; patents, $780,
00b; good will, s500,000: deferred
Liabilities: Accounts payable, in
able, S., 900, 900; dividends payable in
stock July 1. 1920. S57.399: funded
debt. s250000; American Graphophone
preferred stock, s1.050 and common
1885; Columbia Graphophone pre-
ferred stock (s100 peri. $10,269,0 61;
common stock 1.150,151 shares no par
yaIue). s127S296S: surplus, $4,253,-
1874; total. s37.694.S25.
Will illuminate Treasury.
1t was announced today that the
Treasury building would be brilliantly
illuminated evenings during the con-
vention of the American Bankers As
ISOLATION, October 1923.