Evening star., 1925-05-21
MORRIS PLAN BANK
T0LOCATE UPTOWN
Will Occupy 14O8 H Street on
June 29-0ther Local
Financial Notes.
BY CHAS. T.. SCHAEFFER.

Simultaneous with the adnlittance
of the Morris Plan Bank of Washing
ton to membership in the District of J
Columbia Bankers Association came
the announcement this morning that
the institution win migrate to the cen
trail financial district. and has already
leased quarters at 1408 II street north
west, to be occupied on or shortly
after June % next.
The new location. measuring 5000
square feet of first floor area, with an
additional 5000 square feet elsewhere,
Is the site formerly occupied by the
j. Maury Dove Co, in the very heart
of the uptown financial territory The
present front of the building will be
torn out and a banking front substj-
tuted, with limestone columns nd an
propriate architecture. The whole in A..
terror Will be remodeled and thorough
ly renovated apd redecorated and the
banking room equipped with marble
banking fixtures Of the latest design
Business of the institution has re.
Gently grown to such an extent that
its present quarters, at Thirteenth and
| streets northwest, were found to be
inadequate to longer house its opera
tions.
Local Exchange Quiet
The United States Chamber Of Com
held here. again took toll on the local
stock exchange this morning. a pauci-
ty of members restricting trade t. the
minimum.
Capital Traction stock strengthened
fractionally to 95is on sales of ~5
shares, while National Mortgage AMI
Investment preferred also frmed 4
to 9as on sales of so shares. RailwA&
preferred was quiet and unchangeS
10 shares selling at SAL
The investment side Of the market
was dull, $4,000 Potomac first 5s al,
par, 81 900 Railway As at 1915 and $50Os
Gas is at lo2 being the only sales.
More Cups Offered Bankers.
Reservations for the annual conven-
tion Of the local Bankers Association
the las of next month has been given
considerable impetus by the recent
announcement that two additional sill
yer cups. donated by Lanier p Me
Lachlen and Herbert L. Shannon, will
be awarded TO first and second flight
golf contestants. These, in addition.
to the handsome Hibbs trophy and
many other awards of lesser mag
netism, are Turing practically every
golfins member Of the clan into the
contingent making the trip.
The new cups will become the per
! manent possession of any who can
attach them three times.
| Life Insurance Increases.
Figures just made available by the
| Life Insurance Sales Research Bureau
show the life insurance sales record
| for April last is per cent greater
| than the volume written during April.
1924. The months total of S71l, ,5O4 600
| is the highest monthly amount on rec
ord with the exception of Decenrher
! last.
| Geographically. national returns
| show all but one section made sub
| stantial increases. The mountain
| section declined 3 per cent but other
| divisions reported gains from 10 -
| per cent.
Farm Loan Bonds on Sale.
Brooke, Stokes & Co. and the Eoui-
table Trust Co. of Baltimore are Of
| ferins today 100000 of MARYLAND
Virginia Joint Stock Land Bank of
Baltimore per cent farm loan bonds
| at l0S and interest. to yield 4.62 per
cent 10 May /, 1895, and ) per cent
| thereafter.