Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-10
Finance COMPANY
TO PAY DIVIDENDS
Real Estate Mortgage and
Guaranty Reports $685.
1854 in Assets-Other Notes.
BY CHAS. p. SHAEFFER.

BY CHAS. p. SHAEFFER.
Directors of the Real Estate Mort
gage and Guaranty Corporation have
| declared the regular semi-annual divi-
/ dendS at the rate of per cent on the
preferred stock and "a per cent on
| the common, payable January to
| stockholders of record December 20
| This is the fifth semiannual dividend
on both classes of stock, and slightly
| exceeds the annual rate on the Secu-
! rites present market.
| The corporation reports resources
! OF S2,53S.364, with surplus. earnings
and discounts of s403 ,023 az of No
| vember 30 last the latter item show
ing a gain of 1856, ALB over the 1886 $50
/ reported on the corresponding date
| of last year
| Management of the company reports
! it has sold during this period its first
| offering Of first mortgage bonds guar
I anteed by one of the largest surety
! companies in the United States. These
| guaranteed issues have found such
ready market that officials say sew
eral new issues are contemplated
within the next few weeks
! Officers of the company are l.. F..
Breuninger. president; Thomas Somer-
Vile and Roy l.. Neuhauser, vice
| presidents; Anton Stephan, treasurer.
! and w. +. Sickle. secretary. Direc-
! tors include Fred Drew, T. G. Dulin.
! Donald Woodward. Sol Iansburgh
Samuel Miller, Edward G. Ernst. vii
liam Neuhleisen. Frank Edmonds, An
drew Loffler. Henry L. Breuninger.
! Hayden Johnson, Thomas Souerville.
| jr.; Michael a. Weller, Charles Carry
| and Horace G.. Smithy.
New Stock at New Ton
| One of the most active sessions Of
| the year was witnessed on the local
| Stock Exchange this morning. Price
! changes were not conspicuous. but
traders favorite stocks continued at
strong levels. while bonds were traded
in TO the extent of $4,000.
Potomac Electric Power preferred
| stock sold at 104"s. its strongest level
but Railway common eased off to pa
on sales of 90 shares. American Sc
! curity and Trust Co. was quiet at $50
and 800, but National Metropolitan
/ Bank jumped to 3S5 on sales of
shares. 1.anston was very active at
81, while Gas was in good demand at
higher prices. closing at II Is. Ma
tional Rank of Washington sold at
265.
Potomac Electric Power IS sold 70
the extent of $4,000 at IO7.
Confusion, Merchants Bank officials
state has arisen from the order in
which the contemplated official roster
of the Merchants Bank and Trust
Co. following completion Of it,
| absorption of the Citizens Savings
Bank. was printed in this paper yes
terday. In this connection it should
/ he clearly understood that no thought
of rank priority or preference die
tated the order of appearance. L.
l.. SchTeiner and J. l.. Sherwood, also
vice presidents of the institution, were
omitted entirely by this writer's in
| fOrmant.
Construction OF the adjective
executive" as qualifying Fernand
Peta's berth as vice president was
in the literal sense. namely active
as contained in Webster's New Inter
national Dictionary.
Savings Bark Elects Officers.
Directors of the Potomac Savings
Bank reelected its entire official per
sonnet for the ensuing year at the
| annual meeting held Yesterday eve
ming. These include Henry ". Offutt
president; Alphonse NJ Baer vice
president: Z. AGee BoWies, vice presi-
dent and cashier: Emory II. Bogley.
| secretary; George w. Offutt. attorney
and c. Wendell Shoemaker. assistant
cashier.
&
stockholders held their annual meet
ing in Alexandria. reelected the fol
lowing board for the year: William
p. Ames, William w. Anderson Sam
uel Artz. Alphonse NJ. Baer. Emory
H. Bogley. &. Agee Bowles. Daven-
port B. Elgin, James. C. Hoyle. George
". Offut, Henry W. Offut. NJ. Wilson
Offut. DR.. Anthony NJ. Ray. {. Wen
del Shoemaker, j. VIM Stohlman.
Henry \. Storm, T. Baker Weaver
Directors of the Washington Loan
: and Trust Co. have augmented their
: list of officers by the addition OF
/ Georce/M. Fisher and Herbert W
: Primm. in tn" capacity of assistant
treasurers. Mr.. Fisher was formerly
paying teller with Primm Il note tel
! ! Ter. both having many years Of Serv
ice with the institution.
The promotions are effective i'm
mediately.
Banks After New Accounts.
The annual Winter drive for new
accounts has begun actively in Wash
ington. Every year u good percent
age of local banks make an organized
campaign for new customers accom-
plished by advertising campaigns
thrift lectures. personal solicitations
and the distribution of gratuitous
t Central Savings Bank reports an
addition of about $50 new customers
in the two weeks period ending to.
day.
; Plenty of Funds Available
When the Federal Reserve system
| was organized ii was common eXpec-
tation that it would reduce the amount
of banking funds employed in stock
} market operations, but there has been
no lack of funds for stock trading
E; since the system got into action says
George +. Roberts. vice president of
/; the National City Bank of New York.
in the American Bankers Association
Journal issued today. He declares to-
tai loans reported by member banks
of the system show that "as nearly
/, as can be calculated the inCrea sed de
mand for credit in the past year. as
between bond and stock operations
and commercial sales, has been in the
ratio of $500 for the former to So 90
: for the latter" although commerce
: still is the chief factor in the money
market. He says the back door of re.
serve credit is open to speculative ac-
tivities and without doubt advantage
has been taken of the opportunity