The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-10-30
FINANCE AGENCY
SHORTLY TO MAIL
DIVIDEND CHECKS
international Financ e
> Corp. Will Distribute
2,200 on Monday.
OTHER LOCAL NOTES
Bonds Lead in Restricted
Trade-Bank Opens New
Home-Elects Officers.

Checks, numbering 1900. repre-
senting semI-annual dividends on
preferred and common stock, will be
mailed by the International FL
nance Corporation tomorrow. The
preferred Is at the rate of per
cent per annum, and the common
at $500 per share.
Commenting on the increasing
activity OF women in business and
finance, W. L. Bachelor. treasurer
Of the International, called atten-
ton to the fact that approximately
20 per cent of the 1900 subscribers
o. to the corporations capital stock
are women.
According to Mr.. Bachelor, the
October 31st statement about to be
issued will show a big increase over
the last statement OF July 81. both
In gross volume of business and
rate of earnings.
Local Securities.
y Bonds retained market leadership
the restricted trade on the To-
al stock exchange in yesterdays
losing session Of the week. Wash
pgton Railway and Electric As were
raded in to the extent of 1000 at
sh, and a like amount OF & P
telephone IS sold at 90. The. new
per cent issue Of Potomac Electric
Power Company bonds held firm at
100. $500 being sold.
Capital Traction stock concluded
sales, with twelve shares changing
Phands at IS.
Adds to Surplus.
The Northwest Savings Bank has
added $4,000 to its surplus, making
| the capital $4,000 and the surplus
$4,000. This correCts previous
press statement attributing the
above to the Northeast Savings
Bank
1t is the expressed policy of the
bank to place the earnings in sur
plus. and not declare any dividends
for some years.
New Bank Home Opens.
The Northeast Savings Bank yes
terday morning ROved Into their
handsomely appointed new home on
the northeast corner of Eighth and
II streets. The new building is
forty by ninety five feet, the bank
ing room has a depth of sixty feet
by forty. and the lobby of the bank
is forty by twenty feet.
The new building is constructed
of Indiana limestone. The entire
fittings are strictly modern in every
respect. Including a latest design OF.
safe deposit vault, holding several
Thousand boxes.
A reception was held in the new
Institution last night from 1880 un-
IN 10 o'clock. when a goOdly por-
on of the banks friends and de
ositors were present to extend
God wishes and congratulations.
building Association Meets
The annual meeting of the Build
Enp and Loan Association Council
WAS held at the board. room or the
Oriental Building and Loan Asso-
,iation, Sixth and E streets north
kyest, on Friday.
president c. Clinton James, in
lis report stated that he had re-
Xborts for the year ending June SO'
e91 from the twenty-five building
nd loan associations doing business
the District of Columbia. showing
total membership of 1851 and
|totaI assets of S31.3S0,79O.73. This
shows a gain in assets for the year
ending June 80 1921 Of S2,ObS'ZsS.lo
and a gain in membership OF S'oO-'
q Clinton James Was elected presi-
Sspt. William s. Quinter vice presi-
ant. James VI. Woodward secre-
torv and John Shughrue treasurer
The following were CHOSEN hte
~
hers Of the executive eonlihi 80,
charles n. Bauman, Arthur
charles II. Kindle. wharton = h e
ter, Julius Maedel and JAMES