Evening star., 1925-01-06
BANKS NOW NAME
OFFICERS FOR YEAR
Only Minor Changes Likely
Here-Day's Trading on
Local Exchange.
BY CHAS. r. sHAEFFER.

the calendar of local business and
financial institutions
Shareholders of local national banks
will get together one week from to-
day, as prescribed by law, for the
purpose of selecting directorates for
the ensuing year and for the trans
action of other business which may
be brought before them. Following
this lead, a good number of savings
banks and trust companies will con-
Vene their stockholders on the same
date for the same purpose.
Virtually no changes of major I'm
portance are scheduled for this years
meetings. A new director will be
added here and there-that is all
The Real Estate Title Insurance
Co. will also call the stockhold-
ers together next Tuesday, while the
washington Title Insurance. Law
yers Title Insurance and the. District
Title Insurance are scheduled to per
form this routine one day earlier.
Market Company Directors.
Stockholders of the Washington
Market Co. held their annual election
yesterday afternoon, remaining the
following directors for the ensuing
year: Charles J. Bell, Wrisley Brown,
Clarence F. Norment. Simeon T. Price,
Ralph W. Lee, James p. Lambie, Dr.
William P. Reeves, Appleton P. Clark.
lr.; Clarence A. Aspinwall, Robert y.
Marshall, G. w. Forsberg William NJ.
Hannay and Eugene E Thompson
Officials of this company are rep
resented as being highly pleased with
the companys progress during the
year, although no actual figures were
given out at the meeting, it is said.
Insurance Board Named.
Shareholders of the Firemen's In
urrF-u ma
election yesterday afternoon and re-
elected the following to the board:
John ". Brawner. MilIard r Dixon
John l. Edwards, Charles II. KindIe
William NJ. Hoffman, Albert W. How
ard. John H. Snyder, Allen L. Walker
James NJ. Woodward, Schuyler S. Sy-
mons, Bruce Z. Clark. Parke A. Gale
her and Harry NJ. Packard.
Bank Pays First Dividend.
The Departmental Bank has do
clared and paid initial dividend
of per cent to stockholders of record
December II.
Deposits of the institution amounted
to approximately $4,000. with total
earning assets aggregating S7S0Oop
The bank has a deposit line of 2S1o
mainly Government employees, wha
constitute the bulk Of the institu-
tion's clientele
bank EaIIures Increase.
r. G. Dun & Co.'S report Of faa-
ures for 1924 apart from banking
suspensions, which are tabuIatel
separately, and personal BANKRUPTCIES.
which are omitted from the compila-
tlons, places the total in the United
States at 2o,6l5 with s543,225.449 in
debtedness. This compares with is
us defaults in 1923 when liabilities
were $539.3S6.S06
larger than the year before, the in
debtedness was less than ] per cent
heavier.
Poland Calls in Bonds
The State Department has been i'm
formed in dispatches from the Am4r;-
can Legation at Warsaw that holders
OF the Polish per cent internal loan
ponds of 1920 have been called upou
by the Polish government to eN
change them for Zloty bonds at the
ratio of 100 Polish marks for ore gold
zloty on or before January 81. Amer
lcan holders of such bonds are being
advised TO send them for conversion
10 the Union Bank of the Co-Opera-
tive Societies of Poland. New YorI,
City.
Union Trust Co. Reports.
The Union Trust Co. reports depos-
ITS or S6,729,S35, as OF December 81 n
gain of about 1894. 900 over the mr.
vious call The National Savings ana
Trust Company also reported sub
stantial gain to SI052O294 for tba
period
Audley p. Savage of the latter =,
stitution. official statistician in cbaras
OF compiling these figures. urrce -
early reply to his circular letter re-
questlng the necessary data in NAL
ing his report.
Trading on Local Board,
Common stock of the Washin-tog
railway and Electric Company easad
on to $685. on one sale of 10 shares
TINS morning. Preferred, on the
other hand. ffrmed up to 50 on sales
of 40 shares. Capital Traction was
strong a 91%, as was Washington
Gas at 5S9s Selling in all issues was
relatively light.
Bank stocks were stronger. notabi,
Riggs and American Security and
Trust, both of which sold at 306. Ma
tional Bank of Washington eased off
half point from yesterdays close to
220l@. Bonds were active but un-
changed
Rail Revenues Decrease
Glass one railroads had operating
revenues totaling $505.704.90o,. a de
crease of S25, ,1S1, $50, in November, or
40 per cent under the same month
last year. the Bureau of Railway
Economics announced today. Operat-'
ing expenses amounted to S3742I7.-
400, which was a reduction of SS2,69S-
$50, or pen cent, while the net oper-
ating income of S93.177.56O showed
a gain of S6.456,9S In October the
net income was $127,105, 100
The class one roads for the first Il
months of 1924 had a net operating
income of $S9S,257,770, representins
an annual rate of return of 4.32 per
cent, compared with S913.336,797 and
4.52 per cent for the same period of
1928
Banker Gets Cold Feet.
Fernand Petit. popular cashier Of
the Citizens Savings Bank is now a
confirmed addict of the slogan, .AIl .
that glitters is not gold.'
Mr.. Petit's nativity is France. which
name carries a mighty strong lure
and charm for the aforementioned Mr..
Petit. Therefore it is only natural
that he should cherish most highly a
pair of handsome plaid Imported
from France" bedroom slippers re-
Gently presented him by a director of
the institution.
But now Mr.. Petit is grossly per
turbed by his discovery of the let
ters "U. s." burned ever so slightly
in the soles of said slippers. Some
how they don't seem so warm as be-
fore, his friends aver.