Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-12
BANK PUBLICATION
COMES OUT TODAY
Building in South Maintain
ind Record Pace-Wasi1-
ington Activity Drops.
By EDWARD G, STONE.

Dollars and Sense. the official pub
LEGATION OF Washington Chapter, Amer.
lean Institute Of Banking, made its an.
pearance today and aroused very Ia.
Yorable comment. 1t Is edited by past
editors Of the same publication, includ-
ing Lois A. White. Norman Z. Tow.
son, William NJ. Rankin, George Shis-
Ter and II. NJ. Turner. The business
manager is F. p. III. Siddons, assisted
by George Mcclellan, T.. c. Steffe and
w. T. Van Doren, with II. II. OAR
nellie as circulation manager. The
booklet contains pictures and sketches
OF r. Jesse Clancy, retiring president.
and T. Hunton Leith, new president
Of the local chapter; also sketches OF
Howard Moran, president Of the Dis
trict Bankers Association, and of
Francis q. Addison. jr., retiring head
Of the same organization. Harry V.
Haynes. president of the Washington
Clearing House Association, Is also in
cluded in the Hall of Fame.
There are many other timely ar
ticles and features. The winners OF
the recent essay contest appear, to-
gether with the winning essays. The
list Of graduates Is a formidable one
and the amount Of advertising attests
to much hugtling on the part OF the
business manager and his associates.
One Of the most interesting articles In
the book takes up the history OF the
local chapter, written by E. j. Nc
Quade. vice president Of Of the Liberty
National Bank, and a former Insti-
tute president. The whole STAFF de-
serves hearty congratulations.
Local Building Permits Drop.
While Washington building permits
during the first six months of the
present year showed slight decline
over the same period in 1926, the 16
Southern States registered gain of
almost 10 per cent for the half year,
setting a new mark for all time Of
$436 ,2O0,42 for the period, according
to records complied by an investment
bond house. The half year total for
the National Capital last year was
S35, 975, S48, and for this year $34,S46.-
lis. Figures for the is States show
that every semi-annuaI period since
1924 has revealed an increase in
permits.
In announcing the increase G, l..
Miller & Co. says the gains for the
South would have been more pro-
nounced had the comparison been
confined to IL Southern States, for
each OF the border States from Mary
land to Missouri had considerable
kU06IS. "
to Texas the gain was 2l.4 per cent.
Florida ranked first among the States.
leading Texas where an extra large
amount Of building is now being car
ried on. Mississippi ranked first in
percentage of gain. Contrary to pop
ular belief, the report says, there has
been no apparent lessening OF con-
strIlction IN Florida, where permits
exceeded Sis, 900 .Oo0, against about
3s7, 100000 in 1925.
Gas Light Stock Active.
Prices on the Washington Stock
Exchange started the week about
where they left off Friday. The
leader was Washington Gas Light,
which registered an S7-share turnover
at 69T, on an eighth of point from
the high OF last week. Two sales
totaling $50 shares were made in
National Mortgage & Investment pre-
ferred at as. gain of an eighth
Of point over the last sale. Poto-
mac Electric Power Preferred Interim
Certificates changed hands at log:
Railway & Electric preferred came
out at SS3s and shares of Riggs
National Bank stock sold at 462.
Bonds were fairly active at I'M
changed prices.
Farm Loan Bonds Offered.
c. +. Chiids q Co., are offering $780,
900 Virginia Carolina Joint Stock
Land Bank $50 farm loan bonds.
The bonds are dated May J.. 1925, re.
deemable, May /. 1886. and are due
May !, 1856. They are tax-exempt
and are priced at 103K and interest to
yield AGO per cent to redeemable date
and 5 per cent thereafter. An analy-
sis OF Virginia Carolina Joint Stock
Land Bank loans as Of May 81, 1926,
shows 1,240 loans aggregatfng $5,001,-
400, as against an appraised value of
farms mortgaged OF $12 ,948,6S0. Farm
loan bonds outstanding June IS, 1926,
totaled $4,75O.0O0.
Many Bankers on Vacations.
Ezra Gould, president of the Wash
ington Mechanics Bank, and Mrs.
Gould are on q Today motor trip to
Atlantic City.
John Poole, president OF the Fed
ral-American National Bank. is on
a two-week motor, trip through New
England.
John NJ. Riordon, cashier Of the
Bank OF Commerce and Savings, il
visiting in virginia, one of his stops
being ut Skyland, which Is located in
the heart Of the Shenandoah National
Park section.
Howard Moran, vice president of
the American Security and Trust Co.,
has been passing few days in New
York.
H. p. Hoskinson. E. NJ. Amick and
Frank G. Burroughs of the Riggs Ma
tional Bank are taking their annual
vacations. I. j. Roberts. secretary
TO President r. v. Fleming. starts
on his vacation tomorrow.
Francis NJ. Savage, president OF the
Central Savings Bank, with Mrs. Saw
age, is at York Harbor. Me-, for an
extended visit.