The Washington herald., 1921-05-05
DISTRICT TRUST
COMPANY PLANS
10 EXPAND HOME
"a
Washington Loan and
Trust to Occupy New
3, Home.
OTHER LOCAL NOTES
Mellon Calls in Funds; 80
Take Examinations; Clear
ing House to Meet.
OTHER LOCAL NOTES

Arrangements have practically
been completed for the expansion of
ths--home office OF the washington
Loan and Trust Company, located at
Ninth and r streets northwest, ana
construction work will start within
the course Of a few days, according
to announcement by officials of the
company yesterday.
Tie property to be remodeled and
converted into a bank building ad-
joins the trust establishment on
Ninth street and was purchased by
the company about five years ago
If consists of four floors, the first
okwhich will be occupied by the
real estate department Of the insti-
tuition, which boasts an increase OF
s3rSs per cent estates for the year
ending April 80, 1921.
Club and rest rooms for employees
Of the Washington Loan and Trust
third floors, while a restaurant for
the convenience of employees will be
installed on the fourth floor.
Thomas Bradley, vice president of
the company, is the officer in charge
of the real estate department.
80 Clearing House to Meet.
A meeting of the Washington
Clearing House Association will be
held in the associations Offices In
the Metropolitan Bank Building on
Friday afternoon at o'clock for
the transaction of any business that
may be brought before the body.
- A. l. b. Examinations.
Thirty-two members of the ele-
mentary class, American Institute
of Banking. took the annual ex-
Affiliations for promotion to the
on Tuesday night, which requires
an average Of 75 per cent Results
OF. the election will not be available
for about two months.
Mellon Calls for Funds.
Secretary of the Treasury Mel
Ion Yesterday called on national
banks to deposit with their regional
banks. by the close of business to-
day, 50 per cent of funds remaining
on deposit arising from the March
Is sale Of Treasury certificates.
This withdrawal will aggregate
S65. .0o0. 900 and represents the heav-
iest eall made on deposits of these
certificates.
Deyber's Committee
The recent appointment by Chair
man Deyber of r v. Fleming. How
ard Moran George W. White, Frank
G. addison. jr., Edward ]. McQuade,
James Trimble, John Riordan, B. a.
B6wfes and John d. Howard rounds
out the program committee for the
District Bankers convention at
White Sulphur.
Local Securities.
A. material slump in trading in
Washington securities was wit
messed on the local stock exchange
yesterday when only two sales were
ma6e, Ten shares of Washington
Gas Light stock were disposed of
in tie opener at Az, while a sale
of Metropolitan Railroad 5s at 90,
after call. concluded the session.
Lanston Dividend.
Directors of Lanston Monotype
have'declared their regular quarter
ly dividend of IL per cent, payable
to stockholders of record May 81.
Cities Service shares.
The 27th monthly distribution on
Cities Service Company Bankers
shares, which will be payable June
/ to bankers shares of record May
IS will be 50 i2c a bankers share.
The distribution on Cities Service
Company bankers shsrss paid May
1.E192I, was paid to l9,46O holders
of-Fecord, and increase of 765 hold
ers of record of bankers shares over
the preceding month.