Evening star., 1925-01-20
Washington Banks Prosper.

The general prosperity enjoyed by
District banking institutions during
the last year was cited by Robert
V. Fleming, chairman of the com
rnittee on trade activities, at the
regular meeting OF the association
held last night.
Mr.. Fleming reported that during
the period in question deposits inr
creased approximately 1000, coo,
loans and discounts gained about
s9000000, while banks borrowings
fell Off about 100000.
Loans and discounts of local mem
bers during the 12-month period
amounted to s148, 900, Mr. Fleming
reported, the national banks total
accounting for s72,0O5, 900; savings
banks, s24037. 600, and trust COM
panies the remainder. For the year
ending December 81, 1923. the re-
spective totals were S57,690,0Oe, S22,-
$685. 900 and s49,411.000.
Banks borrowing on December 81.
1924, amounted to only s2,131,0 900, as
against S9,224, 600 on the correspond
amount S1.232,0o0 was chargeable to
national banks. $4,000 to savings
banks and 100000 to trust COM
panies. The year previous the re,
spective totals were s7,6S1,0O0, 81
05s,0o0 and $4S5.00o.
w inner j. W alIeT, vice president
of the Federal-Ame ericau National
Bank was named general convention
chairman of the association for 1925.
AS such, he will be in complete
charge of all arrangements incident
to the annual gathering
The site for the conclave has not
yet been decided upon, but present
indications point to neither White
Sulphur nor Hot Springs, the choices
for the last four years. The con
sensus in banking circles favors q
change.
Directors Named for 1925.
At the annual meeting of the stock
holders of the Securities Corporation
of the District of Columbia, held at
the Office of the corporation TO-DAY.
the following were unanimously re-
elected directors of the corpora tion
to serve for the ensuing year: Francis
G.. Addison, jr.; Edward C. Baltz.
Diiler r Croft. John B. Harrer Sol
Herzog. William A. Hill, George H
Judd. Arthur d. Marks. Fred Mckee.
Townley A. Mckee, Laurence Mills.
Julius l. Peyser, Sidney W. Straus.
William c. Sullivan and william
Clark Taylor.
New Firm Makes Debut.
Earll & Bait, newly installed local
u L
day with an offering of S175,000 Of
Rosslyn Steel and Cement Co. first
mortgage per cent gold bonds.
dated February /, 1924, and due in 10
years The offering is being made at
100 and accrued interest, to yield
per cent.
The bonds are secured by a direct
closed first mortgage on all the fixed
property of the company. They are
redeemable at los and accrued inter
est each year until maturity, the
schedule of retirements having al
ready been set up.
The proceeds of the sale will pro
vide additional working capital to
care properly for the companys in
creasing business.
New CarIoadinS Records.
All records for revenue freight
| loading were broken by the railroads
during the week ended January 10,
with loadings totaling 932,S07 cars.
| The total, the American Railway
Association announced today, was an
increase of 60,7S4 over the corre-
| spending week in 1924, and a gain
i of 167,0S0 over the week ended jan
uary 3, which included the New Year
holiday. Miscellaneous freight, mer-
chandise, ess-than-carload freight,
coal and forest products made UP
most of the increase.