Evening star., 1922-03-20
WI. &T. COMPANY
SHOWS BIG PROFIT.
1921 Record Year-Location
Nearly Decided-Lanston
Shares 81-NoteS.
BY /. A. FLEMING.

The year 1921 was profitable one
for the Washington Loan and Trust
Company, as shown by the annual
report of John &. Larner, its presi-
dent. recently presented to the share
holders.
In the mater of gross profits the
figures were sS53.314.35 for 1920. and
sS69,727.93 for 1921. accomplished
through operations conducted at an
increase in operating expenses of but
S4,762,9J. The gross profits for 1917
were s553.1IS; tor 1918. $4l1,206: for
1919, $54S.V55, and tor 1921, $321,61J
greater than for 1919.
Net profits for the last five years
starting at 1872 per cent in 1917. in
creased steadily. with each year, TO
29.0l per cent in 1921.
The total business transacted in
1921 increased $7.652,562 over 1920
the 1921 total being ss7,62s.569.
During .92l the Savings deposits of
the company increased $496,62S, total
ing December 81 s2,144.O47.7S to the
credit of 6.952 accounts, with the up
town branch credited with S4S0,4l3
savings.
Credit for increasing business and
larger profits is given by the presi-
dent to all departments Of the bank,
banking. foreign exchange. trust and
real estate.
Money was more largely employ ed
during 1920 than during any of the
preceding five years.
The closing paragraph of Mr..
Larner's report was especially encour-
aging to the shareholders: Il am glad
to report that the company has sus-
tanned no losses on any loans made
during the year 1921"
Near nm Agreement.
Frank p. Reeside. chairman Of the
building or housing committee of the
District Bankers Association. has
been giving much time of late to the
question of a home for Washington
Chapter, American Institute of Bank
ing. and meeting place for the
District Banking Association itself.
After considering many PROPOSE
quarters in proposed structures. etc,
the committee has about agreed on
one of the two sites. with the chance
favoring large hall on the second
floor of the New Masonic Temple,
18th street northwest between New
York avenue and H streets
The immediate as we'll as future
needs of the junior organization have
been considered. as in their present
quarters the attendance at the vari-
Gus lectures cannot be accommodated
with seats.
The proposed hall, reached by two
elevators from the main foyer, will
seat over 900 people and is not only
large, we'll furnished. etc. but has a
very high ceiling, as we'll as a stage
the offices of the chapter and the
Bankers Association.
Facilities for serving refreshments
are available and the quarters are
just as exclusive as could be desired,
with ample parking space for auto
q n
temple.
Many of the leading past presidents
of the local chapter. now both senior
and junior bank officials. have looked
over the quarters and given them
their unqualified approval.
Whether the Washington Clearing
House Association would consider
moving to the temple and holding its
daily clearance meetings there is not
known. The location is not distant
G streets and New York avenue. and
is perhaps more convenient for the
downtown banks than the present
headquarters.
The other site under consideration
is in an uptown business block.
Lanston shares 81.
While 81 Is not record price for
L.anston Monotype shares. the
strength of the stock was the feature
VI SoodS . 80
the shares were listed in Phila-
delphia, where the plant is located,
and considerable activity was looked
for.
On a few transactions. made pro-
bably by local brokers, the stock al-
vanced to Sc, the high point.
Many sales were made today at 81,
one price, and the official closing was
S034 bid and 81 asked.
1t is said that the earnings Of the
company for the year 1921 were close
to 19 per cent. There has been strong
buying of the shares for the last two
weeks on the advance from 10ts to
81.
Capital Traction was strong at 95
to 95L. Railway preferred sold in
small lots only at 69ss and Washing
ton Gas So at 80. Bonds were quiet,
but held very strongly.
Turned the Corner.
The Wall Street Journal this morn
ing refers to the Southern railroad
as having turned the corner in the
matter of earnings"
In January. 1921, the company fell
short of making operating expenses.
Against this showing January, 1922.
showed net profits of s736,196 Febru-
ary, 1921, showed loss. but this
year the returns will unquestionably
show gain-not reported as yet.
1t is expected that the loss Of $780,
251 in January and February, 1921.
will be turned into a net profit of