Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-08-10
BANKS RESOURCES
JUMP DURING YEAR
Treasury Reports Increase Of
$1,000, 600, 0O0-Exchange
to Elect Head-Notes.
BY EDWARD G. STONE.

Total resources OF the 1878 nationa
and Hawaii on June 80. the close Of
the fiscal year. aggregated $26. 31S.6st..
900. an increase of almost $1,000, 1000.
600 over a year ago. It was reported
today by Controller Of the Currency
Mcintosh. The total resources
amounted to $24,S93 .665. 5000 on April
IL, the date Of the last national bank
call, and $24.35O. 1853 900 on June 80,
1925.
Loans and discounts, including re-
discounts. amounted to $13.417.s74.ooo
on June 80 this year. This was $l16.'
ZOO more than in April and $74S.-
607 900 more than a year ago.
The percentage of loans and dis
counts to total deposits on June 80
was So, as compared with 65.93 on
April II. and 63.66 on June 80 year
ago.
Cash in the banks totaled s359.s51.-
600, q decrease of $7.622,00 sinca
April, but an increase of $346, 900 over
June of last year.
Total deposit liabilities amounted tn
$50, $40 1854 900, an increase of $4es.'
100000 over April. and $732 .495,0o
over June of last year.
Prices Strong on Local Board.
Peoples Drug Store preferred made
a new high on the local stock exchange
today when two flv-share lots
changed hands at 105. Capital TraC
ton was also stronger than yesterday.
10 shares selling at 104. Forty shares
of National Mortgage and Investment
preferred sold at SlA and one sale of
five shares of Mergenthaler Linotype
was recorded at 107. Railway and
Electric preferred sold at 81. Bonds
were very quiet, one transaction In
Capital Traction IS registering 101.
and two sales In Washington Gas S.
taking place at 104A
Washington traders were notified
today that Mergenthaler Linotype
stock has been stricken from the New
York exchange. There has been very
little trading in this issue In New
York for some time. Most Of the trad
ing In 1t takes place on the Washing
ton exchange where 1t has long been
one Of the leading issues and on the
Boston exchange which also records
considerable activity in It.
At tOday's meeting Of the local ex
change Secretary Gockeler was in
structed to send notices to the mem
bers calling a meeting for September
Is for the election of a president to-
succeed the late John L. Edwards. 1t
was deemed best to delay the election
until the majority of the members
have returned from their vacations
Advisory Committee Formed.
In order to get the benefit of the
advice and experience OF Washing.
tons senior bank officers of rthe local
chapter, American Institute OF Bank
ing. T. Hunton Leith the president.
has organized an advisory committee
and named the following members:
Francis G. Addison, jr., vice presi-
dent, Security Savings and CONNER
cial: Victor B. Deyber. president. Sec
ond National: Joshua Evans. jr.. vice
president. District National Robert
V. Fleming. president. Riggs Nation
al: Harry V. Haynes. president, Farm
ers and Mechanics National; Howard
Moran. vice president American
Security & Trust Co; John Poole.
president Federal-American National;
w. w. Spaid Of W. B. Hibbs & Co.
of the Institute.
1t is considered that the sugges-
ton Of these men will be Of great
value during the coming year. The
class work at the Institute opens in
September and II is now expected
that another course will be added To
the curriculum.
Refers to Miller Control.
President w. w. Salmon Of tho
General Railway Signal Co., In his
half yearly report. just issued. says.
"Our company has devoted a great
deal of time and money toward per
fecting devices which we already con
troll and FL the acquisition of other
devices which have been considered
necessary. Our contract with the
Miller Train Control Corporation,
which was effected in June of this
year, is an instance of the desire of
our management to acquire such ap-
pliances as may be an important Inn
provement upon or addition to those
which we already have control Of.
1.-The major part Of railroad mileage
in this country is not yet equipped
with automatic signals. The installa-
ton of train control apparatus is still
in it's infancy, and we look forward
to the time when practically all roads
carrying n good volume of passen-
gers will equip their lines and loco.
motives with automatic train-control
apparatus"
Saul on Telephone Board.
Il. +. Saul, realtor. has been elected
member of the board of directors
of the Chesapeake G. Potomac Tele-
phone Co. to fill the vacancy oc-
casioned by the recent death of Alex
ander p. Britton. The membership
of the board is: A. Z. Berry, presi
dent; Charles j. Bell, John Poole. r.
G. Graham and Mr.. Saul of this city
and w. S. Clifford, president, and f.
S. Wilson. vice president Of the
American Telephone & Telegraph Co.
New York City
Childs Sales Gain.
Childs Restaurants sales in July
were 81 1850, 236, against $1,942.7S2 in
July. 1925. Seven months sales were
$14,687,468. as against $13,450.511 for
the same months last year. a. gain Of
$1,236,957. Meals served totaled
100000 in July. while in July last
year they amounted to 3.838, 8S1
meals. Heavy storms over week ends
cut down sales at resort locations.
while the countrywide heat spell pre-
vented July from showing as good q