Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-12-11
DIVIDEND DECLARED
BY MORTGAGE FIRM
Bankers Meeting Here.
New Bank DireCtoT-GaS
Light Stock Up.
BY CHAs. r. sHAEFFER.

Directors OF the Real Estate Mort
gage and Guaranty Corporation to-
day declared the third emi-annual
dividend on the preferred stock at
the rate of per cent per annum, and
also the third semi-annuaI disburse-
ment on the common shares at the
rate of 2 per cent on par, which is
equivalent to about 8 per cent on
the present market level Both divi-
oends, which aggregate more than
$4,000, will be paid on January 1
to stockholders of record Deem
Der 20.
The corporation began functioninC
mere in July, 1923, and has shown
steady growth from the beginning,
despite active competition. Resources
now are given as 1884, 024.66, while
surplus, discounts and earnings aE-
gregate S236,65992
l. 4. Breuninger. president of the
Citizens Savings Bank, heads the COM
pany, with Thomas Somerville and
Il. J.. Neuhauser, vice presidents: Gen.
Anton Stephan is treasurer and W
r. Sickle secretary.
Bankers in Session Here.
The annual meeting Of the admins
| tratlve committee of the American
Bankers Association today opened a
two-day session at the Willard Hotel.
functory, held for the discussion OF
particular subjects in which the
bankers of the country are espe-
clally interested. Before adjournIng
the fnanciers viii pay their respects
to the President. Secretary Of the
treasury, Governor of the Federal
reserve Board, controller of the cur
rency and chairmen of the banking
ana currency committees Of the House
and Senate
The meetings will be presided over
| by William L. Know. president OF the
American Bankers Association
Willard on Bank Directorate.
Henry A. willard I'd, prominent
Washington real estate operator, was
Yesterday added to the board Of the
National Metropolitan Bank The
election continues unbroken repre-
sentation of this family in the Met
ropoiltan for three successive genera
tions.
The new director is a son of Henry
n. willard, former director Of m,
Dank ana a grandson of Henry a.
Willard a former vice president ana
director of the Institution.
Bank Vault Bids Opened.
Bidding for the installation Of the
| TWO vaults in the new home Of The
+ euSI al american National Bank has
been opened, with five of the Nations
leaders in the field. These include the
Diebold Safe & Lock Co. the Reming
ton & Sherman Co. Mosler Safe Co,
York Safe & Lock Co. and the Her
ring, Hall, Marvin Safe Co
The award for the construction will
be announced a I later date.
Hends Riggs Bank Club.
William II. Taylor has been install
ed as president of the Riggs Bank
Club for 1925. W. A. H Church, ir.
and Harrier NJ. Barrett were elected
vice presidents; William NJ Rankin,
tr., secretary, and George NJ. Ireian
-eaSurer.
The new board for next year con
sists of .. E. Wisecarver. George
J. ). Ramsburgh. T. NJ Garnett. ex
officio; W. 9. Coe W. l.. Hoeke, ]. A.
keene and Frank Auldridge
The club. which was formed for
the furtherance of social activities
among the junior personnel, was or
ganized in November, 1923, with
| membership Of 10 members Off
cars of the bank hold associate
memberships
| Gas Light at New High.
! Stock of the Washington Gas Light
| Company established q new high
mark for the year today when 10
! shares sold at 81. This issue has
! been extremely popular in 1924 but
| has maintained relatively even
trend, moving in a range OF less
| than seven points.
Lanston Monotype eased off to Is on
sales, of IS shares, while National
| Mortgage and Investment preferred
decreased a quarter point to 90.
| American Security and Trust Com
! pany was unchanged at 305, as was
! Capital Traction at SO.
Bonds were steady and unchanged.
! Treasury Books Kept Open.
! The Treasury announced today that it
would hold open until December 81
| the subscription books for exchanges
| of maturing securities into the new
! issue of 20-30 year 4 per cent bonds.
/ In addition to the S200,000,000
sought in cash from the new issue,
! the Treasury offered TO take in eN-
! change as a refunding operation all
/ third liberty loan Al per cent bonds,
! Treasury notes of 1925 and Treasury
+! certificates of Indebtedness maturing
next March Is that were rendered.