Evening star., 1926-12-04

Although new Christmas savings &C.
counts and clubs for next Christmas,
1927, have been open at the Wash
ington banks for only a few days, re.
ports so far indicate that the 1927
record will eclipse the new mark
established this year.
Bankers feel assured that the strong
start which 1927 clubs already have
made, can be fairly interpreted as a
ings habit of Washingtonians, now
happy in the midst Of spending the
money saved for the merry holidays
this season.
At one prominent institution 1t was
announced that during the first three
days the new Christmas club for next
wear was open, the total deposits
amounted to a third Of the entire sum
With nearly $500, 900 having estab-
lished a record in Washington this
wear for Christmas savings, bankers
already are beginning to speculate as
to how far the impetus In saving may
carry the total next year for a new
high.
Capital Traction Advances.
CAPITAL Traction closed the week
at 104L. on five-share turnover,
the price being the highest in some
time. Railway and Electric preferred
also showed strength, opening at
9O1a and advancing to 90A. d. e.
Paper preferred sold at 80, Washing,
ton Gas Light came out at ~ ana
Potomac Electric Power preferred
sold at 107A. Thirteen shares or
National Bank of Washington STOCK
sold at 283.
In the bond division Capital Trac-
tion IS sold at par, Railway and
Electric As recorded two sales at
S3sa. Washington Gas 5s appeared on
the board at 10Oh, and the market
closed with the sale Of Potomac
Electric Power Is going at 1O6.
The unlisted department showed
but few changes in the quotations
during the week.
Bank CIearings Decline.
Rank clearings this week at all
leading cities in the United states are
S9,917, ,765 900, a decrease OF 70 PEI
cont as compared with the total LOT
tho corresponding week of last year.
At New York City the figures Tor TINS
week aggregate $6,173, 100000, or o.
ner cent less than those or year
ago while at cities outside OF New
York the total is $3,744, 1855, 900, de-
cline of Al per cent.
Including New York City there are
II cities which show losses this Week.
among them Philadelphia, Baltimore
pitt sburgh, Detroit and most southern
cities. Gains at Chicago, C!evelano'
cincinnati and Kansas City, however
are encouraging.
Washinrton's bank clearings for the
naoovohar 2
sac. .3O4 900, which was a decrease VI
/ Q ner cent compared with the same
week a year ago, but conslderaply
ahead of the clearings for the Week
ending on November %, when the
figure was $22 100000.
Mountjoy to Attend Sessions.
E. E. Mountjoy, Washington repre-,
sentative Of the American Bankers
Association, has left the city Iof
Omaha, Nebr., to attend Hiloco
tinent meeting OF members VI 'iio ~"
tional organization.
The sessions, which will last Tor TWO
days. are designed especially for trust
companies and national banks DONG
q trust business. In order TO keep III
close touch with the activities OF the
association, Mr.. Mountjoy attends all
such conferences. ~,
Rankers from about 20 States Will
take part in the discussions on proc
lem which is constantly looming
larger and larger in the banking
world.
Theater Party Profits $1,15O.5O.
r. Hunton Leith, president of Wash.
ington Chapter, American Institute OF
Banking, announces that the recen1
theater party netted the educatlonal
work of the chapter 81 ,loo.oo, inc
largest amount yet cleared at one ..
these events. Up to this year tne n1sl. 81
nark was in 1924, when the profits
an ~ Mounted to $3.50. All the members OF
the chapter are highly elated over the
results, and Raymond P. Lochte ana