Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-03

Commercial National. ia SOY, 1oS 20
PRi sst Mas Sf5.Snnl Savings Yds5
Franklin National. ......... APPS, 06g 06
Lheptty SSsti"ns ...'.. .35d5,s52I
National Bank of wash. 1870. 2S6 03
National Metronolitan ~. :I5.39o.95l g
National Savings Trust. Oh 355 -
Second Econ Ns National. :5.4aS.?I3l6
Security Savings Conn.,. .4SS33 2 :3ao g,
wash. Loan Trust. .... '13. I95. 3a6 %
Washington Mechanics -. l.15l 261 ~
Internatl Exchange Bank. 356 59a q
Fo .penotes decrease since last call ''''''
Suburban Banks Prosperous.
Local suburban banks appear to
be ENJOYING an era of special pros
perity. Following the announcement
that the Takoma Park Bank is soon
to erect a fine new home comes re-
port from +. l.. Schreiner, president
of the Bank of BrightWood, that his
institution has reached the half mil
lion mark in deposits. The bank open
ed it's doors only three and half
years ago with $4,000 in deposits. In
cidentally, Mr.. Schreiner is the young
est bank president in the District OF
Columbia. He gives much of the credit
for the developing of his bank to his
directors and other assistants. He is
not only the youngest bank president
but the youngest WorShipful master IN
the Masonic lodges in this JurlSdlc-
ton, and the youngest patron in an
Eastern Star Chapter. He also is
president of the Brightwood Securl-
ties Corporation.
Year Book Ready for Press.
Dollars and Sense" the year book
brought out by the local chapter. Amer
lean Institute of Banking, is practically
ready for the press. This years num-
Der is expected to be the best YET
issued, as it will contain more expert
editing than have any of the others,
several former editors having com
bnied their services and experiences
to make the publication winner.
Those in charge Of the editorial end OF
the book are Norman +. Towson,
Washington Loan & Trust Co, editor
of Dollars and Sense" in 1920, the
initial year: William NJ. Rankin. Jr,
Riggs National Bank. 1922; Miss LOIS
A. White, Federal-American Natlonal
Bank, 1925. editors, and George Shls-
Ter, 1924, and II. NJ. Turner, asso-
ciate editors. The business manage
ment is in the hands of +. p. II. Sid
dons. secretary, American Security
Trust Co., and II. H. Darneille. Ma
tional Metropolitan Bank, as clrcula-
ton manager.
Savings Bank Property Sold.
Peter a. Drury. president OF the
Merchants Bank and Trust Co, an
nounces that he has sold the Gu.
zens' Savings Bank Building. at 1885
New York avenue, to p. II. Pick
ford and A. D. Porter. When the
Merchants took over the savings
hank the New York avenue building
was no longer needed. 1t was bullt
especially for a bank and was hrst
occupied in 1920. 1t is understood
that the new owners bought the
building as an investment. The Tor
mer bank is located in the blocK
where the garage intended to mouse
1900 cars now is under construc-
ton.
Revenues Gain for 10 Months.
The Seaboard Air Lines May gross
revenues increased to ~ the num-
Der of consecutive months in when
increases over similar months IN
previous years have been made. The
Increase in surplus after charges
over last year was the largest
shown by any month this year. ex-
cent January. In the Il months
ended May 81 surplus after charges
was S4,130.404. equal to 1863 per cent
on $25.00O,000 adjustment income
per cent bonds on which the interest
accumulation is 121a per cent. This
represented an earning rate OF Oily
per cent on the s37,019100 common
stock, which compares with 1913 per
cent on the adjustments or 4.o9 per
cent on common in 1925.
On a seasonal basis with other
income and fixed charges estimated
the indicated earning rate for the
current year is 1873 per cent on the
adjustment bonds, or Ga per cent
on the common
Farm Price Declines Amazing.
Retween 1870 and 1925 farm land
"values" are reported to have fallen
off some 81 per cent. This situation
was thus dealt with in a recent speech
in the United States Senate by SeIla-
tor Mckinley OF Illinois:
I'm a brief analysis Of the situa-
ton in my own State, find that the
3O.736,O00 acres in farms, which were
worth, land and buildings. SlS7.59 an
acre in 1920, are worth today on an
average of only S13679. a depreciation
in value Of $50.S0 ap acre, or a total
loss To the farmers of Illinois of more
than $4,000 The land
alone leaving out Of consideration the
buildings and improvements, was
valued in 1920 at $164.20 an acre. To-
day is value is $11.53.'
Perhaps the remedy for the decline
in farm products, of which the shrink
age Of land values" is an index. con-
sists in bringing down other prices to
a level where farming will be profit
able. After all, the important thing.
the Bankers Magazine comments, is
that farm production should be put on
a paving basis rather than that the
prices of lands be stabilized.