Evening star., 1922-05-09
PARK SAVINGS IS
I EMARG|NG BANK
Also Building Safety, Deposit
VauIt-Further Deposit
Gains-Early Hours.
BY 1. A. FLEMING.

The Park Savings Bank has i'm
provements under construction. which
will give the institution much addi-
tional space, making its banking
room more commodius, and, through
the erection of a new building on the
rear half Of the adjoining lot on the
south, will shortly be fully equipped
with a large safety vault, with boxes
and compartments for the safekeep-
ing of valuables.
The bank is the owner of the entire
lot on the south of its bank building
and expects eventually to occupy the
entire space as the eXigencies OF the
growing business demand.
Between the 10th of March and the
9Th of May the institution showed an
increase of $147.374.72 in deposits, the
grand total being $2,3S9 1875.
Gains I'm Deposits.
The National Bank of Washington
reports a gain in deposits between
the two latest calls OF S42O, 1874. the
sey Trust Company, $163,30S; the Sc
curity Savings, $4,000; Hamilton Ma
tfonal, $5S,O00, while one or two in
stitutions reported losses.
About 1892 900 are added to the
gains by the revised figures. and from
this there will be deductions that
will probably he more than made
up by the banks in the savings class.
Railway Preferred Firm.
.On today's session of the local ex-
change Railway preferred was the
feature, although at that it was not
especially active. The price advanced
from ~ at the opening to a strong
closing at 691s.
Bonds furnished the balance of the
business of the uninterestinG session,
necessary absence of some OF the
members reducing trading.
Washington Gas 5s were strong at
9aA; Traction 5s firm at 97A.
Personal Mention.
George o. Watson is in attendance
on the A. B. A. council of administra-
tion meeting at White Sulphur.
H. B. Byrd, general manager of the
Fidelity Savings Company, has gone
to Long Island to attend the funeral
of the late Henry P. Dawson. MIR. Da-
vison succeeded the late Brig. Gen.
Red Cross, in the great work performed
by him during the world war.
Second Anniversary Dinner.
The Mount Vernon Savings Bank will
celebrate it's second anniversary Of a
very successful career with dinner to
be given by the officers and directors
of the institution to friends of the in
StltutlOn next MOnuay evening dt tHe
Hotel Harrington.
Chamber of Commerce.
The tenth annual meeting Of the
Chamber of Commerce of the United
States will be held in this city. at the
New Willard. May Is to IS. Financial
subjects will occupy a large place in
the discussion, which will be partici-
pated in by Secretary Hughes, Secre-
tary Hoover, heads Of the banking and
finance committees of the Senate and
House and by economists Of note.
Fred /. Kent, one of the foremost
foreign exchange experts of New
York city, is scheduled to take part
in the debates.
Senator Glass Is to discuss the
Business Man and the Federal Re-
serve SYSTEM" and William Abbott.
vice president of the Central Trust
Company, formerly Gen. Dawes as
sistant, will speak on "The Progress
of the Budget System"
Mr.. Kent Is scheduled to talk on
the Treatment of the Allied Debt"
and to an economist of the Chicago
University has been assigned the
task of ''Redistributing the Worlds
stock Of Gold"
The Clearing House Association has
adopted business hours during the
daylight saving" period, from 1880
ann. to 2 pm.