Evening star., 1926-11-30

preferred led trading on the local ex
change today, $50 shares exchanging
hands at 8. Capital Traction again
sold at 103h in total turnover of 2s
shares. Potomac Electric preferred
went at 1919. .Federal-American Bank
at 313, Washington Loan and Trust
at AT, Merchants Transfer and Stor
age at 101 and Mergenthaler at 1857
On the bond side Of the market Cap
ital Traction IS led, with $4,000 sales
at 100, Washington Gas es, '33, sold
at 1929, 1929 and 103A. Washing
ton Railway and Electric As brought
SO.
Fifth District Business Review.
business in the fifth Federal Re
serve district in October measured ur
to seasonal average. according to the
monthly review issued by William w
Hoxton, chairman and Federal Re
serve agent. The report said tha,
Fall liquidation of Indebtedness al
member banks and at the Fedora
Reserve Bank might haye been rela
lively slow on account of the marked
decline in cotton prices, but thus fa1
this year the payment of loans and
rediscounts has been up to seasonal
average"
Crops were generally above the 1925
yield, according to the review, anC
the tobacco crop was more profitable
than for several years. Agricultural
conditions in northwestern South
Carolina and a few counties in North
Carolina and Virginia are probably as
good as those Of 1925, according to the
report. Bright tobacco or fruit are
considerably better situated than fol
several years.
The review stated that debts to indi
vidual accounts during the four weeks
ended November 10 exceeded debts
during the preceding like period, in
spite Of q holiday during the later pc
riod. Savings deposits reached a rec
ord figure at the end of October.
Party to Net More Than $1,000.
The annual theater party given fo,
the benefit of Washington Chapter
American Institute Of Banking, will
net more than $1,000, T. Huntor
Leith, chapter president, announced
today. He and Raymond p. Lochte
chairman of the theater committee
had not had time to ascertain the eX
act figures. This will exceed the
amount obtained two years ago, which
was a record up to that time. AL
the chapter officers were delighted
with the results.
During the performance, which was
'The Passing Show Of 1926" at Polls
Mr.. Leith took occasion to announce
the winners Of the contest for those
selling the most tickets. First prize
was won by William w. LissowitZ o
IN $5S5.50; second went to J. L. Ship
man, Security Savings and Commercial
Bank, whose ticket sales totale(
$302.50, while third was captured by
Miss Esther Lau of the Riggs Nationa
Bank, who disposed of more than 500
worth of tickets. The winners were
given vigorous applause, as was Mr.
Leith when he briefly mentioned tn,
work being carried on by the institute
Several bankers in the audience
were given special mention during
the show, the "local hits" causing
general laughter. Among those Civ
| ing box parties were Harry V
| Haynes, chairman of the Washington
Clearing House Association; Franci:
| G. Addison, jr., vice president of the
Security Savings and Commercial
Bank; Bertram Chesterman, vice
president Of the Morris Plan Bank
| and Robert V. Fleming. president
Riggs National Bank. julius Peyser
president of the Security Savings anG
Commercial Bank, took all the EN-
ployes and officers Of his institution
| to the party, but there were too many
| to have box seats. President Moran
! of the District Bankers Association
and host of officials and employees
from all the banks of the city were
| in attendance.
Club Accounts Average ST.
Francis M. Savage, president OF
| Central Savings Bank, with reference
| to Christmas savings, says that the
total amount OF savings deposits ir
| the banks OF Washington at the last
report We're approximately $4,000,
600. AT this time when the Christ
| mas savings are at the apex the
total savings deposits are probably
| $50, 100000. The Christmas savings
| in Washington at this time are close
| to per cent of the total savings
| Assuming that there are 10000 Christ
| mas checks being sent out and S.,
100000 on deposit, Christmas saw
1ngs accounts average about ST.
Other Financial Notes.
TWenty-three centers reporting tt
the Richmond Federal Reserve Bank
reported debts to individual amounts
of $312, PAS, 900 during the week ended
November "a, compared with 1925,
$4,000 the corresponding week las
year.
Washington banks maintaining
Christmas savings clubs are prepared
to mail checks to members late to
day, the grand total Of which will ap
proximate $5,440,000. This is molS
than $1,O00,O00 ahead of the Christ
mas savings distributed by local bank:
last year.
S. w. Straus 4 Co. announces tha'
permanent bonds are ready for ex
change for interim receipts on the fol
lowing issues outstanding: Sun Realty
Properties, Los Angeles; Keith-Albes
Building. New Rochelle, N. Y; Center
Court Apartments, Pittsburgh, Pa
oxford Street and Park Avenue Apart
ments, Pittsburgh, Pa totaline
| 81 900 900.
, The alumni Of the Chapter Of Amer
lean Institute of Banking will holt
their annual meeting next Tuesda!
night at the Franklin Square Hotel, IL
the form Of a dinner meeting, to oper
at $50. e. J. McQuade, president o
the alumni, will preside.
Preliminary plans are being mad
for the Christmas party Of the Fed
eral-American National Bank EN-
ployes on Wednesday, December %, a
the Columbia Country Club.