Evening star., 1925-08-13
LOCAL BANK SHOWS
GAIN IN RESOURCES
International, Countrywide,
DiScIoSes Increase of
S48O,9O5.
BY CHAS. p. SHAEFFER.

Condensed statement of the Inter
national Bank as of July l last, made
public this morning, shows aggregate
resources of $2.SS7.325. gain Of $3.50
9o5 during the last i months. and an
increase of s2,4349O5 since the in
stitution came .nto being five years
ago.
The International is not A bank Of
deposit. but its functions include COM
mercial banking. foreign exchange,
personal and corporate trusts, bonds
ana investments. real estate exchange
insurance. financing industries, and
agent for foreign corporations.
included in the statement is $1S4.-
600 in cash due from banks; 81 ,6S5 .245
in loans and discounts: S657.174 in
bond and investment securities: S351.-
$50 in real estate owned. and SS.3l4
/ in furniture and fixtures
Principal liabilities include capitaI
stock outstanding TO the amount Of
$1,l097 700 of the authorized total Of
$1,000. 600: surplus and profits Of S7g2
1S9: collateral notes of S397.23l and
customers securities of S21I.l50
The bank is nationwide in char
acter. It's shareholders. numbering
zoo are located in g. States of the
Union and the District of Columbia.
Notes of Local Exchange.
Second trust noteholders of Para
| disc Orchards Co. will be called TO-
| Sether tomorrow night at O'Clock a.
the city Club for the purpose of hear
| ing "a concrete proposition" for their
! approval and acceptance.
! Notice of the meeting was sent out
! at the instance of +. D. Blackstone.
chairman of the board
! Further headway into new high ter.
! ritoly was registered by Riggs Ma.
| tional Bank stock in this mornings
session on the Washington Stock Fx-
change, 10 shares selling at 363. a net
advance of 3 points over the previous
| best price. The issue closed with 365
| asked
| Railway common failed 10 manifest
! the pronounced strength evident since
! the influx of out-of-town buying orders
during the last two weeks. but the
! issue was far from being weak. \
/ total of 40 shares were traded in AT
l4S, or 3 points under the high level
esta blished a few days. ago. Railway
preferred on the other hand. gained
fractionally 10 S5i4, its best price. on
| sales of 100 shares
The remainder of the DAYS trade
was restricted TO popular issues ar
/ firm levels
{. & o. Convertible IS Privilege.
Chesapeake and Ohio convertible :
| per cent bonds have the conversion
| privilege until April /. 1926. into
stock at 80, and thereafter for 10
years into the stock a par. IN other
/ words. the bonds have a call on the
stock for slightly more than seven
: months at 20. To use a different
illustration, $4,000 par value of bonds
would be eXchanseable into 100
! shares OF stock.
| Under the Nickel Plate consolida-
tiQn plan it was proposed to give
! holder of 100 shares of c. & o. com
/ mon % shars of New Nickel Plate
| preferred and like amount of com
mon. As both classes of Nickel
Plate are expected to begin dividends
At the rate of Sc, the annual income
! from 40 shares would be $3.50.
New Offering on Market.
! 4 syndicate headed by Howe. Snow
! & Bartles, Inc. is offering 10.
! day 10000 shares of the United Light
| and Power Co. cumulative class \
| $3.50 dividend preferred stock. first
! series, at S94 per share and accrued
! dividend TO yield over $50 per cent
! The stock is without par value and is
listed on the Chicago Stock Exchange
| Dividends are free from present nor
| NAL Federal income tax
The history of the business now
! carried on by the borrowing company
/ has been one of steady growth and
I progress since inception. 5 years ago.
The predecessor company absorbed
| by the United Light and Power Co, at
its inception. controlled public utility
! companies with gross earnings of only
| 1851 600 which earnings have since
grown to exceed s35, 407 900 for the
! i months ended June 80 last
/ Personal Mention.
Hilleary G. Hoskinson. vice presi-
| dent of Riggs National Bank. and I. ]
! Roberts, assistant to the president Of
! the same institution, leave for Miami.
Fla, this afternoon for a survey Of
( present conditions. They will return
the middle of next month.