Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-24

once announced To-Day tnat the SALARY
percentage was practically the same
Edwards 4 Co.
Exchange Trading Quiet Today.
Washington Railway and Electric
preferred led quiet trading on the
local exchange today, the stock open.
ing at 90sA and closing at s0h. Capt..
tai Traction was 104%, Potomac cleo.
trio Power preferred came out at
107M and 81 shares Of Washington
Gas Light sold at II.
Transactions In the bond division
were confined to Washington. Alex
andria and Mount Vernon certificates
and Washington Railway and Electric
4s and 6s, recent prices prevailing.
The quotation list today showed %
issues ex dividend:
Capitals Status on Savings.
The controller OF the currency gives
the per capita savings for the United
States at $184l5. The American
figures at s211 per capita. On the
assumption Of n population Of some-
thing in excess of 100,000.000 there
appears difference Of nearly $4,000
900 900.
The per capita savings in the Dis
trict OF Columbia are given by the
controller as $152.06. According to his
statement. the savings deposits in the
District of Columbia are, therefore.
about $4,000, 900 less than the average
throughout the United States. TAX
ing the figures Of the American Bank
ers' Association. savings deposits In
the District are nearly $4,000. 900 less
than the average In the United
States.
According to the report Of the
American Bankers Association the
per capita savings in Pennsylvania
are $243, and in Maryland, $3.50. or
almost 500 per capita in excess OF
the District Of Columbia. In other
words, with a population OF 500, 900.
savings deposits in the District are
$4,000. 900 less in proportion than in
Pennsylvania and Maryland.
II. r. 4 r. Railrvad Prosperous.
Recent declaration by the Rich.
mond. Fredericksburg Potomac
Railroad Of an extra per cent and
the regular semi.annual 3M per cent
dividends on common stock bring the
the years disbursements up to IL
per cent. This company Is controlled
by the Richmond. Washington Co,
which owns $947.200 out OF 81 1898
voting common stock. Stock OF the
Richmond Washington Co. in turn, is
owned equally by the Baltimore and
Ohio. Seaboard Air Line. Atlantic
Coast Line, Pennsylvania, Southern
and Chesapeake and Ohio.
The r. F. & p. 10 an exceptionally
profitable railroad, with It's tonnage
necessarily heavy In proportion to
trackage. With the exception OF the
"a 4aStt tai kA aHzyr4
rails to Alexandria. the other com.
panies interested in Richmond. Fred
ericksburg and Potomac are depend.
ent upon that railroad for their north
and south connections between Wash.
ington and Richmond.
The controlling railroads are receiv-
ing an increasing share Of earnings
year by year. The dividend rate has
been increased from per cent in 1915
to IL per cent. including extras now
paid. A 100 per cent stock dividend
in dividend obligations also was re-
ceived In 1929.
Southern Diaries Total Assets.
In addition to the increase OF %
per cent In gross sales Of the South.
ern Diaries Co. for the first II
months Of the present year. the firms
balance sheet as OF October 81, the
last one issued, shows total assets OF
$14.635,112, Of which current assets
amount to $1,se2.760, including cash
on hand Of $509, 400 and accounts re.
ceivable Of $447,312. Land. buildings
and equipment, less depreciation, are
shown at $3.50 .042. Total current liza.
bilities amount to s500.ss1. giving a
ratio between current assets and cur.
rent liabilities OF better than three TO
one. Net working capital 10 reported
at $1,172.77s.
Bank Celebrates Christmas
George o. Watson and the whole
Liberty National Bank family held
their annual Christmas party at the
bank last evening. The officers were
special guests. A dinner and speeches
were among the features. The role
of Santa Claus was taken by I. e.
Shoemaker, one Of the directors. who
saw to 1t that every guest present
was remembered with some especially
appropriate gift.
Richmond Bank Reflects Season.
Christmas trade turnover was chiefly
responsible for a sharp drop in the re-
serve ratio Of the Federal Reserve
Bank Of Richmond during the week
ended December %. This factor was
responsible for an increase In Federal
Reserve note circulation from $685..
100000 to $so,264,000 and a decline in
member.bank deposits from $e8,s40,.
900 to es2 .06S. 900. Bills discounted
were $1.S1S.000 higher at $50, 46i 900.
The Richmond ratio dropped from
1918 to 1894 per cent. This com.
pared with ratio for the IL banks
combined Of 6S.s per cent.
Note circulation and rediscounts in
the system az q whole also Increased
sharply an result OF holiday de.
mands.
Net Income Jumps go Per Cent.
Net income OF s2.ss1, ooe reported
by the Western Maryland Railway
for the first II months Of 1925 was
equivalent to $16.2s d share on the
$l7,742, $50 first cumulative Z per cent
preferred stock, or slightly over 2 ia
times a full years dividend require.
ments. The stock has never paid
dividends. and on January / will be
$3.50 in arrears.
per cent above that for the same
month last year, totaling 2422,172
against $177.2S8. Net income for the
II months exceeded the comparative
neriod last year by 10 per cent.
Personal and Other Notes.
President Joseph Schiavone Of the
international Exchange Bank has re.
turned from New York. where he
spent several days as the guest Of
Chevalier Pelermo. president Of the
Bank and Trust Co. Of Sicily.
The Baltimore and Ohio Railroad
Co. will mark its Tooth Christmas this
year. and round out century of
existence two months hence on
February 20, 1927.
Business Of the 8. s. Kresge Co.
this year has expanded greatly, 90
new stores having been opened, max.
ing 366 now In operation.
The North American Co. $1,019,590
common stock Of $40 par value, max.