Evening star., 1921-12-23
EXTRA PAYMENT
TO SHAREHOLDERS
Banks Show Prosperity in
Added Dividends-War
Finance Report-Notes.
BY /. A. FLEMING.

Stockholders in many of the Wash
ington banking institutions are being
literally treated this year in the ad
ditionai dividends. they sharing in
the prosperity enjoyed by the banks
during the entire year. One fiscal
institution after another has added
the Christmas distribution in III"
form of an extra dividend, until IL
means in the aggregate many dollars
flowing into pockets of shareholders.
Money was largely employed dur
ing the first half Of the year, with
rates for many loans Z per cent. som"
s, the favored customers paying I"
per cent. During the intervals when
the demand for accommodation let
up Treasury certificates and the call
loan market generally covered good
returns on surplus FUNDS.
Some money was loaned below q
per cent, but very few Of these loans
have been made. Todays grist of
extra dividend announcements in
cludes an extra . per cent paid on
the 100000 capital stock of th"
National Capital Bank and ] per cent
on the 100000 capital of the Se"u'-
ity Savings and commercial Bank
In addition to the extras the usual
per cent s-mi-annual dividend was
Capital Bank to shareholders Of rec
ord December 81, and ? per cent quar-
terly. payable December 81. TO tn"
shareholders of the Security Saving
and Commercial Bank.
The extra by the latter bank is III"
second additional dividend diStribut-
ed during the year.
And while the banks have been
good to their shareholders they hay"
not forgotten their employees. many
of whom have worked overtime
many's the time.
The National Capital Bank Joined
the ranks uf the bonus payers, Civ
ing to each an amDunt equal to 10
per cent Of his or her annual salary
The Potomac Savings Bank. with
its profit-sharing plan bonuses il
employees with greater Frequency
than other Institutions.
Calls for ~. .t,O0.009.
Secretary Mellon surprised banks
holding proceeds of November ! sal.
of Treasury certificates by calling :ug
the payment of $37 900 d00. To he paid
into the regional reserve banks ~
Tuesday of next week. The bank
have had the use of this money ia:
nearly two months and have al
amount equal TO next Tuesdays pay
ment working for them.
Calls for payments on certifira'.
credits are usually made on Tuesda'
and Thursday, hence the exception "
today's call.
War Finance Corporation.
From December /. 1870 to Novoru-
Der 80. 1871. he War Finance Corn
ration received from account of loa"s.
$31, ,i6' coo; totai receipts. s>,.Sh5. H'T-
balance due from d"rnsi,oricS p.r.r.-
ber !. 1870. S3743I3i.3 total, SiS-
21e.4oo. Total disburS- mrHts ntU-nl-
ber J. 1920. to November 80. 1921. Sh4.-
i3i,53 balauc. du- from the treas
urer OF the United States. S397,7s4,SGN
Salaries and administrative eN-
penses included in Disbursements az
gregate Sl9S.l$S. Of which S159.ll-
was paid in Washington.
The corporation loaned railroads ls
the period covered by the report. sal
3,2lH: public utilities. $i3.1s3,el2: il
dustrial corporations. S1y4,vp0; catti.
loans. S65S,.33: exports. SCISSORS.
agricultural and live STOCK. S33,345.-
i15, and used for purchases of accep
anceS under the Eicc law. SS,9I5,G3'
Tra6inr i'm Local Securities.
Business on the local exchanr-
Keeps up well. dcSrir. tn. heavy in
veStn"ntS that have been made in tl.-
Last thirty daNs. Potomac issues soil
a; 81. for IN" p"h"ntur" IS and 9s'-
TO aSi. for tie General Mortgage Gs.
lille Railway is brought 6i7..
Railway pre- fer--d MAS firm at g.
There We're -" other sales Of publIr
utility share.
/ little Mere-utilal.r sold at 12S
and m0re Lanston at :: {" 1lA. Amer
'"an StcuIity and Trls. shares -
223la
Liberty National Dividend Payer.
With the first Il tn. year tn" I.1-
.rty Natic:.ai I;.uh JOINS the ranks ~
the dividend Payers. tn" "nnsuHma-
ton If soma N-T~s of mon, ,ffor'
The dividend 80 ~ I-.,id :. I-annu-
ally and ihr - al n.strih .on Vii
Ice per cent.
CoiumLia \ationa! EiNid-nd.
The Columbia National Bank d
rectorS. ~ tH,ir meeting Ncstcrda.
declared tin" regular quar-
terlN diNidnnl of B nnr cent. and in