The Washington herald., 1922-01-19
DISTRICT SAVINGS
BANK PURCHASES
PRESENT LOCATION
Security Savings and
Commercial Also Buys
Adjoining Properties.
OTHER LOCAL NOTES
Armour Report Filed-Bonds
Monopolize Attention on
District Exchange.
OTHER LOCAL NOTES


cial Bank have purchased their pres
ent quarters. the store adjoining 1t
on Ninth street. and the three ad-
joining stores on G street, according
to an announcement made public yes
terday by Francis G., Addison, vice
president of the institution.
The deal, which was consummated
on Tuesday through Judge William
Hitz for a consideration said to ap-
proximate s2s5.ooo. gives the Security
Savings and Commercial a frontage
Of 1eo feet on G street. with an
S0-foot space on Ninth.
Business Of this institution has
greatly increased during the past few
years. making increased facilities al
most imperative. While nothing defi-
mite in the line of new improvements
has been announced. it is consid-
cred quite likely that a safe deposit
vault will be installed, together with
other up-to- the minute facilities.
The Security Savings and CONNER
cial Bank was organized in 1913. II
isS now the largest savings bank in
the District, deposits at the close OF
business Tuesday amounting to So
366,00o. in contrast with $3.213.679 on
the date of Comptroller Crissingers
last call dated December 81 last.
During the past year the institu-
tion disbursed IL per cent in reg
ular dividends, together with two ex-
ira dividends Of 1 per cent each.
Armour q Co, Report
f.l nd
Company, together with allied COM
panies, for the fiscal year ended Oc-
tober %, 1891, made public yester-
day afternoon. shows total capital
assets-pf S177.901. 1885, and total
current assets Of $3o2, 634. S05.37, max
ing total assets OF s4s0.536. 274.32.
The net capital investment of the
companies amounts to s214,15s, 0s7.16.
Local Securities.
A good class of bond buying which
practically monopolized the session.
was evidenced on the Washington
Stock Exchange yesterday. Washing
ton. Baltimore and Annapolis IS were
traded in for the first time this year.
$4,000 changing hands at 1914. Cap
ital Traction IS were traded in to
the extent OF $4,000 at s5H. s5% and
Potomac Electric consols at 901k
Five shares of Capital Traction at
81; shares of American Security
and Trust Company at 222, and ~
shares of Lanston Monotype at 71h
represented total stock activity
Cali funds were offered at 6 per
cent, with 5 per cent bid.
Clinton Bank Election.
At the annual stockholders meet
ing of the Clinton bank, at Clinton,
Prince Georges County, Nd, the old
board of directors was reelected. I'm
mediately following. the directors
held a meeting and reelected the
officers of the past year as follows:
9. Gilbert Dent, president of the
Washington real estate firm of Gar
diner and Dent. president; william
E Penn, vice president; and ]. Frank
Dent. cashier.
The Clinton bank opened for BUSH
ness in June. 1920. with deposits of
$500. and a total number of twenty
accounts At the present time its
deposits amount to over 500, 900. and
the accounts number 500.
International Bank Activities.
In a letter to stockholders, John
r. Waller. president of the Interna-
tional Bank, announces the second
semi-annual cash dividend of the past
year. Mr.. Waller also announces the
International is anticipating taking
new quarters in the Southern Build
ing about the first of next month.
D According to Mr.. Waller. the in
stitution has just underwritten a Z
per cent bond issue in the sum OF
100000 on the Rosslyn Packing
= Company.
North Capitol Savings Bank.
Two new directors. A. o. Ollie
and Charles W. Floeckher, were
added to the board at the annual
meeting Of stockholders of the North
Capital Savings Bank Tuesday. Off,
GERS reelected for the year were
Theodore Michael president; v. C.
Dickey, b. l.. Grove and Georga
Clagett. vice presidents; E. S. Bur-
CESS. secretary: Eugene A. Auld-
bridge. assistant cashier. and Leo A.
Rover, attorney.