Evening star., 1925-01-10
RIGGS BANK STOCK
SELLSAT a7 Il
Other Local Issues Strong in
Extra Interesting Sat-
urday Market.
BY CHAs. p. sHAEFFER.

Under the leadership of Riggs Ma
tionaI Bank, stocks on the Washing
ton Stock Exchange enjoyed a strong
and rising session today The ma
tlonal bank issue advanced to it's
highest level since the increase in
| capital several years ago, five shares
selling at 3071a In like manner,
stock Of the Merchants Bank and
Trust Company advanced to 1921 on
sales of 25 shares. recording a net
gam OF half point. Capital Trac-
tion was strong, but unchanged, at
sla on sales of II shares.
Railway preferred continued at It's
recent high level, 10 shares selling
at 81 a. Lanston enjoyed relatively
! neayy trading at fractionally above
| rs, II shares changing hands.
Railway refunding and general SIS
! OF 1898 at par was the only bond
sales of unusual interest.
Bankers Discuss Trade.
Subcommittees of the District Of
| Columbia Bankers Association held
a special meeting yesterday after
noon for discussion of their activ-
| ity in trade circles during 1925. These
committees include real estate and
building. which is headed by How
ard Moran, with a. NJ. Nevius, j. NJ
| Riordon and Fred Mckee as mem
/ DSiS' f1olOiIiollNc u dUe ana financing,
| L. A. Slaughter, chairman, and B. A.
| Bowles, +. Z. Harmon, jr, and H L.
| Selby; finance and mortgage COM
panies, Fernand Petit, chairman, and
! n. G. Hoskinson, c. D. Boyer and
James H. Baden; merchants and
manufacturers, James Trimble. chair
| man, and Frank J. Stryker, A S. Cat
ley and w. W. NARROW.
Club Gives Surprise Party,
Mr.. and Mrs. John Poole were ten
dered surprise party at their new
! home, 32l4 Woodley road. last night
| by % members of the Federal-Ameri-
can Club, the social organization OF
! the Federal American National Bank.
The recipients were serenaded both
| before and after the club had entered
| the home.
| Bank Votes Initial Dividend.
| The International Exchange Bank has
declared its initial semi annual dividend
! of per cent. payable January Is TO
: stockholders of record December 10.
! According TO President Schiavone the
/ progress of the institution has been
/ such as to warrant a disbursement
| of per cent per annum.
! Deposits on December 81 amounted
to s569,190.S4, with a surplus and un-
| divided account of S22,079.77.
| The following directors have been
| reelected to serve the ensuing year:
| +. Joseph Aronoff, F. Cuniberti, d.
Del Vecchio, L. V. Freudberg, Frank
! I. Fuller, J. c. Harding, F. B. Nc
! Givern, L. J. Mills, F. l.. Neubeck,
| Louis Rosenberg, Joseph Schiavone,
| Alfonso Tana, John Naccaro and
John Zanier
The organization meeting will be
| held January 10.
| Increase in Failures.
The usual increase in commercial
| failures in the United States at this
| period is noted in K. G. Dun & Co.'S
| report this week showing 552, but
| only nine more than year ago. OF
| this weeks defaults 325 each had
| liabilities exceeding 5000.
| The business survey of this COM
| pany finds there has been recent
slackening of demand in certain quar-
| ter3, but ii is neither unnatural nor
| indicative Of d cheek to progress.
J The attention OF various interests has
| been largely on inventorying, as.
| usual early in January, and a falling
| off in new commitments is TO be look
| ed for under the conditions.
With relatively small stocks of
! goods the rule 1t seems logical
| to expect that purchasing will soon
! Increase in lines where a lull has
! lately prevailed, and the large num-
| Der of buyers that have come into the
| market show that replenishment of
| supplies has become necessary in
| many instances. The holiday trade in
| some cases proved: to be larger than
| had been anticipated, and ordinary re-
| tail distribution, even with a recur-
renee of mild weather in some sec
| tions, holds up well.