Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-03-26
MACINTOSH ISSUES
BANK CALL TODAY
Condition of Institutions at
Close of Business Wednes-
day Is Requested.
BY EDWARD G. STONE.

ID W oAOANAN
The Controller Of the Currency. j.
w. Macintosh, today issued call for
the condition Of all Washington banks
at the close of business on wednesday
March %.
The last call came early in January
for the statements as of December 81
1926. This means that less than three
months has elapsed since the last time
the banks turned in their records, to
days instructions not being expected
for about 10 days.
Today's short banking hours make
1t impossible to obtain extended fg
ures as to the conditions of the local
banks. Bankers have recently ex
pressed the opinion that there would
be no marked changes from the last
returns.
Heavy Withdrawals for tax pay
ments on March Is are expected to
prevent any sharp advance In tota
deposits. The let-up in business al
over the country during the early part
of the year is also likely to be re
flected here as we'll as elsewhere IT
bank deposits. Adjournment OF Con
gress and the temporary reducing OF d
host Of bank accounts in Washington
will also be a vital factor in the pres
ent situation.
First information obtained, however
revealed the fact that several Of the
larger banks in the city had very
generous increases in their deposits.
Heavy Trading in Gas Stock.
There was wild" trading in Wash
ington Gas Light stock on the local
board today, 557 shares changing
hands.
The market opened at 73% on 10
share turnover. 1t climbed steadily
until It reached the new high mark
for the wear of TAX and closed at TAN
There were four 100-share transac
tons in this security during the SEES
sion, something which has not taken
place on the Washington exchange IN
years.
Capital Traction closed the week al
106 and other stock and bond quota
tons also held firm.
Pick Gold Out of the Air.
The most rampant bulls in Wal
Street have nothing on Uncle Sam
who is literally picking thousands Of
dollars worth Of gold out Of the air IT
the financial district. An ingeniou:
system Of mechanical air control anc
electrical precipitation which reclaim:
gold from the atmosphere instead Of
the earth, has been worked out II
the United States mint, which stands
almost opposite the Stock Exchange
So much gold went up the chimney
as a result Of the melting and refining
processes that Treasury Department
officials worried about 1t until the all
conditioning engineer and electrical
scientists came to the rescue.
Women Bankers Elect Officers.
At the organization meeting of the
Washington Bank Womens Club
Miss Lois A. White, Federal-American
National Bank, was elected first presi
dent. Miss Mary j. Winfree, secre
tary of the Continental Trust Co, was
chosen vice president; Miss Catherine
Krieg, Riggs National Bank. recording
secretary; Miss Esther Lau, Riggs Ma
tional Bank, corresponding secretary
Miss S. Winifred Burwell. National
Metropolitan Bank, treasurer, and
Miss Mabel V. Royce, Washington
Loan G. Trust Co., historian. The Of
ficers, with four additional members
compose the board of governors. The
additional members chosen were: Miss
Louise Mitchell. Miss Eleanor Dank
meyer, Security Savings & Commercial
Bank; Miss Mildred Woodcock. Ameri
can Security & Trust Co., and Miss
Grace Bromley, assistant secretary
District Bankers Association.
Publication Hon0rs Father.
The Riggs Bank employees publica'
ton, known as the Clearing House
Key, pays a high tribute to William
J. Father, vice president of the bank,
who recently completed so years serv'
ice in the profession. He has been
since 1908. The paper also reviews
some of the amazing changes in
banking methods since Mr.. Flather
started his career in 1877. 1t is
edited by William M. Rankin, jr., as.
sisted by Horace c. Haines and Frank
w. Holmes.
Amazing Dividend Record.
An analysis of the dividend history
OF the Pennsylvania Railroad by a
Boston firm says:
1.-THE dividend record of Pennsyl.
vania is the most Impressive in this
country's railroad history. During
the roads construction it paid returns
on the stock, and cash payments have
been made uninterruptedly for 81
years at rates on it's shares (which
have a par value of $50 each) varying
from 81 to SIS annually. A SO or 6 per
cent rate was maintained from 1908
to 1926, except for the years 1921 and
1922, in each of which Al per cent
was paid; with the disbursement of
November 30, 1926, the rate was in
creased to $3.50 or per cent-an in.
crease in the aggregate payment of
81 600 fl)0 annuallvn
Sugar Consumption Jumps.
In 1926 each person In the United
States consumed an average of 109.3O
pounds OF sugar, according to an
analysis OF world sugar statistics is
sued by the Brookmire Economic Serv-
ice. Ten years ago our average was
1888 pounds per capita, but consump'
ton has increased enormously, par
ticularly during the past five years,
when it has grown at the rate of 7.2
per cent annually. In Europe and the
Far East also there has been large
world consumption soon will reach
5000. 900 tons, an increase of nearly
100000 tons over any figures pre-
viously reported.
Other Financial Notes.
loves, Inc, has formed a new sub
sidiary to be known as Loew's Theater
& Realty Corporation. which will own
or lease eight theaters and will own
mortgages on four other theaters.
Frank E. Ghiselli, vice president
Merchants Bank & Trust Co., who has
been confined to his home with in.
fiuenza, has gone to Atlantic City
where he will pass several days In re.
gaining his strength.
The Norfolk & Western Railway has
declared the regular quarterly dividend
of 81 on adjustment preferred. payable
May 10 to stock of record April 80.
The Canada Dry Ginger Ale Co.,
which has many stockholders in Wash
ington, has declared an extra dividend
Of 25 cents per share in addition to
the regular dividend of SO cents a
share. both payable April IS.