Evening star., 1926-04-08
BANK INCREASES {.
|TSSURPLUSF FUND.-
Addition of 100000 by,
Washington Loan and Trust
Brings Total to $4,000, 900.
BY EDWARD C. STONE.

| ] Vi ehc washington Loan q lIuSt.
Co., held yesterday afternoon. it wak'
ordered that 500. 900 be added to the'
banks surplus, thereby increasing th. -.
fund to 100000 earned. John b..
i-arner, president. announced today ..
The boards action means that the"
trust company's capital and surplus.
now total 5000 900
| Inc regular quarterly dividend Or
% per share was also declared at tbs
meeting, the disbursement being pay
| aDle on May l. The books will he
| closed from April "a to Nav
] The board voted that plans be car.
| r1eo forward at once for erection of :"
| new building adjoining the banks
present nome at the corner Of Ninth
| ana r streets. This structure wilr 70
cover three lots already owned by the-
Dank, giving a frontage OF about IS
| rect The lower part of the building
VIII be used to take care of the trust
| company's requirements for much sd
ditional space while the upper floors
| will be used for Offices.
Local Market Active.
Capital Traction and Lanston Mon
| otype were the most active stocks on
| the Washington Stock Exchange in :.
! today's trading. but price changes
were very slight in these or any other.
| issues. Capital Traction sold at los -.
on six different transactions. involv.-.
ing the transfer of Al shares. Lanstona .
Monotype came out on three sales AZ
| S1i2. and remained at the same fig.
| ure when two 10-share lots were sold
after call. II closed an eighth OF a..
point higher when 20 shares changed
hands at 816s. Potomac Electro
Power preferred opened at 1861 and
closed at 1861.
and Washington Steamboat Co..
| changed hands at 27o, this being the,
| first transaction in the issue in lonzs
| time. The only other stock activity
| was in Washington Gas Light shares.
| which gained half point over yes-,'
| terday's close as two 10-share lots
| were sold at 70.
In the bond department Washington
Railway and Electric As brought s17s.
| while Washington Gas 5s were out al
10oA.
Publicity Committee Named
| w, W. Spaid, chairman of the GEM
| eral committee for the annual con-
vention of the District Bankers As
| sociation, to be held at Hot Springs
| Va, in June, today announced the
membership of the publicity com:
mittee in connection with that event.
| The committee includes: Frederick 7, F,
/ II. SluuOIlS. CHAIRMAN. America Y.
Security & Trust Co; Y. f. Booker.
vice chairman, Crane. Paris & CO.. :
Barnum l.. Cotton. the Dtsirtc Ma,
| tional Bank F. w Paterson, The
| Washington Post: r. +. Hatton, The
1 Washington Times: E. c. Stone. The
| Evening Star
/ Large Attendance Likely
| Victor B. Dexber. chairman OF the
L VT1iff Of
| holders Association of the Federal
I Reserve Bank of Richmond, reports.
( that plans are progressing favorablv
for the annual meeting to be held IN
Richmond next Wednesday. Mr..
Deyber states that more than 25e-,
members attended the meeting laFc
year, and il Is hoped that the attend.
! ance again this year will be as good :,
An effort is being made to have
] every member bank in Washington.
represented by one or more of it's Of.
I f1cers or by directors. Senator Carter.
Glass of Virginia will be one of the,
| speakers. IL.
Company 50 Years Old. ,;.
The Central Manufacturers Mutual ,
| Insura nee Co of Van Vert Ohio, this
week is celebrating its f1ftieth anni-
| versary. The companys representa-
tives here are Albert r. Peters. gem.
|
Charles NJ. Boteler. with headquarters
in the Mutual Fire Insurance Build
| ing. at New York avenue and Thir.
teenth street.
1t is interesting to note that the.
| company has had but three secretaries
in half a century, they being MEM
bers of the Purmort family of Ohio.
Liggett Sales Improve. :.
March sales of Louis K Liggett Co, :,
rose to s429s.96o. compared with SO
| 417,511 in March last year. making
the total for the first quarter this year
311, ,970,42o. against s9.906.5l4 yeaE
ago, an increase of eos per cent. The
| company Is a subsidiary of the United
Drug Co.
Declines In bank debts In this dis-
trict week by week since the middle Of
] February are pointed to as rather.
larger than the seasonal average and =.
perhaps indicate a somewhat more !.
marked dullness in trade than is Gus.
tomary at this time of the year.
| The % centers in the fifth dfstrict' ,
| reported aggregate declines I'm bank
\ debts during the final week in March,
compared with the correspondents =
week in 1926 and the previous week
| this year. Total debts of clearing
house banks were: $294,471 900 in the
last week in March. $307, ,735. 900 for
the comparative period last year..
$295 500. 600 for the preceding weeE'
in 1925 and SS26,41s,o0O on March IL.
Financial District Notes. -.
Edward M. Tyler. public account
ant, has withdrawn from the firm Of.
| William Clabaugh & Co. and wills
open his own office in the Metropoli.
| tan Bank Building.
E. J. McQuade is the author OF
an article i'm the Burroughs Clearing ,
House. his subject being the Way
| to Executive Positions" Mr.. Me-.
Quade says that after all there is mo-
| way to advance except by hard worgl'
and study. 80.
The Riggs Bank Club will hold sr
| Spring frolic in the rooms of thk
American Banking Institute ,Satur.
day evening. There will be minstrel
numbers, music, dancing and refresh. =.
ments. e"
President Needles of the Norfolk
and Western has had an expert figure.
out the roads tax payments in rather
an odd way and finds that his lines
paid more than $23, 900 per day, or " :
cents per minute.
Local agents of the Prudential Life d.
Insurance Co. are planning to attenI
the annual meeting at Newark. begin.
ming on April 13. .- -.
Review Urges Caution.
"A steady bond market with very
little chance of an important swing
one way or the other" is the conclJ.
sion reached by the Brookmire Eco.
nomic Service. The current financial"
bulletin of this service says. in part:
stock prices in general are set for.
lower levels. The best policy now fs.
/ to place available funds in sound