Evening star., 1925-03-31
MARCH C[EAR|NGS
ARE S11Q,920,979
Exceed Comparative Month
by II MiIIion-Other Local
Financial Notes.
BY CHAs. p. SHAEFFER.

Local bank clearings totaled S1l0,
92o,s79 for the month ending tod4
establishing a new high record for
the period, exceeding the mark set IN
March, 1924, by more than $4,000
The total, however, failed 20 euual
DecembeTs amount, when s111,72s,23I
passed through the local association
This latter figure is the highest
amount ever reached in any one
month since the clearing house ma
chinery was set in motion many years
ago.
In the opinion of Charles E. Bright
manager of the Washington Clearing
House Association, the unusually high
amoung reached this month was due
TO payments of income taxes, many
OF which were paid in fun on or
PRIOR to March Is. Full disbursements
this year We're made easier on ac-
count of the decreased assessment, Il
was pointed out
with the first quarter of the cur
rent year as a criterion. 1924's un-
precedented clearings of S1,lG739S.4-B
will be soundly shattered. AIready
lasts years figures are trailing lv
NOR than $50. 600 the total Of
S3l3,5O4,966 for the first three months
of this year
Recent Dividends.
Directors of the Columbia National
Bank have declared their regular
quarterly dividend of per cent.
payable tomorrow to stock kholders Of
record at the close Of business today.
The Federal American National
Bank has declared its regular quar-
terly disbursement of 21a per cent
payable on April l to stockholders
of record March IS.
The Security Storage co. has de-
clared a 4 per cent dividend on its
capital stock, payable on April ~
to stock of record March 81.
The Union Trust Co. has declared
quarterly dividend on 1la per cent.
payable on April 10 10 stock of record
March 81. Books of transfer will
close April ] to j., both dates in
elusive
Directors of the Norfolk and Wash
ington Steamboat Co. have declared
the regular quarterly dividend Of .
per cent, payable tomorrow to stock
of record March %.
Trading on Local Board.
Bond securities were firm and III
good demand on the Washington
.oLoSh LASildHSe To-Day On the other
| hand, stocks were listless and dull
Washington Railway and Electric
general 6s featured the investment
side OF the list, selling to the extent
of $4,000 at l0lI4 Gas 5s were un-
| changed at 9S34 on sales of $4,000
| with the 6s of the company selling in
small lots at 102 and 1O1 =. Capital
Traction 5s brought 9S1s
On the stock side Capital Traction
was firm at 9114 on a 1O-share sale
but Railway preferred eased off to 50
and Washington Gas was weak at 5S
Bonds Called for Redemption.
| j. p. Morgan & Co. and the Guaran-
| ty Trust Co. of New York have is
sued notice to holders OF the aing-
| dom of Belgium % per cent external
gold loan ~ per cent sinking fund
redeemable bonds issued under the
! loan contract of May 2S, 1920, that
as bankers under the contract they
have received $1,000, 600 as sinking
! fund for the redemption of certain OF
| the bonds of this issue.
/ A drawing has been held. in accord
ance with the terms of the contract
whereby 100000 principal amount
| of the bonds have been called for
redemption at 115 per cent, as OF
/ June l next.
Essay Contest Planned.
Opportunities for Employees to
| Gain New Business and Create Good
Will for the Bank" is the topic chosen
/ for the essay contest, to be partici-
pated in by members of the local
| chapter, American Institute of Bank
| ing. according to announcement by
| Victor B. Deyber, president of the
District Bankers Association.
Three papers adjudged best Will be
read at the annual convention of the
bankers association by their authors,
who will be taken at the expense Of
! the association.