Evening star., 1928-08-24

curity & Trust Co.
to ascertain If all zzzzcSzzN
the banks in the william r. Ham.
territory nance d
will sign a closing agreement.
The Security Savings s. Commercial
Bank decided last Spring i'll connec.
ton with the SUNNI r closing that th'
bank would not open evenings Ill tht
Fall. regardless of the policy of oth1l
banks. The Lincoln. Bank OF Com
mercc e. Savings, National Bank oi
WASHINGTON. Franklin National ana
others have long bcen favorable &c
such action but kept their doors open
because Of the Mount Vernon Savings
Bank.
Now that this bank Is to close, al
agreement is expected TO BE- reached
very easily. Bank officials state that tn:
Saturday night opening was started
many years ago when the biz store:
we're all open Saturday night. Now man,
of these stores are not open at all Sat
urday during part of the year ant
never Saturday night. So great has beer
the change In conditions that 1t Is be-
lieved that the night closing VIII In
convenience but very few people.
The bank clerks are delighted ove'
the prospect Keeping open on Satur'
added considerable extra work and pre-
vented week end trips.
New Eank Director Elected.
George E. Judd. son the late George
H. Judd, has been elected director
IN the Security Savings &; Commercial
Bank. taking the place on the board
left vacant by the death of his father
He will be one of the very youngest
bank directors in Washington and Is
now interesting himself in his fathers
business, the latter having been a nem-
her of Judd g. Detwiler. Inc. publishers
of the Geographic Magazine.
| The late George II. Judd had been
a director in the bank since its organi-
zation and at the time Of his death
was chairman of the executive COM
mittee The vacancy on this board mas
been filed by the election of Francis
A. Blundon.
I Financial District Gieaninss.
William r. Ham, president of the
{ Washington Railway e. Electric Co.
is on his annual vacation. He Is again
in Canada enjoying fishing trip. Mr.
Ham Is such a good angler tflat the
| fish are far more afraid Of him than
| Of President Coolidge.
! A. G. Neal. vice president and con-
! troller of the washington Railway q
| Electric Co, Is on his annual vaca-
| ton, passing most of the time on the
| golf links surrounding washington.
G. Bowie Chiuman. head OF the Wash
inrton once of Hartman &, Co. is cx-
! nected home from his European tour
! September 9.
/ George L. Starkev. president OF the
| National Bank of washington. Is pass
! ing the weak end at Ocean View. near
| Old Point Comfort. Va. He left here
+ last night by boat.
| North Americans Assets Grow.
The consolidated statement OF the
/ North American Co. and subsidiaries as
! of June 80, 1928, shows total assets OF
( sSll. $50. .95l, compared with s70o,7i6.-
/ 4s8 on June 80 1927 and profit and
loss surplus s65. .302 .432, against s43.-
| sol l,19I. Current assets were $46, 1851
] 638 and current liabilities. including
accrued liabilities. s36,377 358, compar-
/ ing with s47.787,6 and s33, 3,7ol Eta,
! respectively on June 80. 1927.
/ Bank Plans for Flower Show.
! Monday and Tuesday OF next week
! the Federal-American National Bank
4 VIII IlDiI laS hilIlAhl AUNEl S1iD~ hl btS
/ lobby of the institution at Fourteenth
and G streets, according to letters OF
announcement received today. Let's
/ grow more flowers In Washington" Is
/ the slogan adopted for the show by
| John Poole. president of the bank.
[ Flowers to be placed on exhibition
viii include zinnias. marigolds. asters.
/ dahhas. gladioli, roses. petunias and
/ wild and old-fashioned flowers. All
/ flower growers have been invited to ex-
/ f1ibit their best flowers in competition
for prizes.
/ The ban.; Is taking this method of
showing It's civic interest In the city
With which IL has grown up. II solicits
the cooperation Of every one who loves
flowers.
Mergen.haier In Market Leader.
The volume OF trading on the wash
ington Stock Exchange today was led
by Mergenfhaier Linotype. two 90 and
one 10 share lot selling at l0034. up a
quarter point from yesterday. Potomac
Electric Power 5ia per cent preferred
came out at 1864, Columbia Sand &
Gravel at new low OF 90h and Cap
ital Traction at l04.
Union Trust was the only stock
4
32i and closed at 32I " on l5-share
turnover. Ten shares of Merchants
Transfer 2, Storage preferred sold al
i0s and 100 Of National Mortgage &,
Investment preferred at 424. In the
unlisted department shares Of Ra-
leigh Hotel stock moved al 100.
Trading In the bond division was
quite active at recent levels. The un-
listed securities were called Off The
bid on Chaplin Sacks Q per cent pre-
ferred was placed at lot. with 95 on
Washington Base Ball Club. The bid on
Northeast Savings was raised from ia
to 90.
Local Bankers 10 Welcome Hoover.
Robert Y. Fleming. president of ths
District Bankers Association, answering
request from the Hoover reception
committee, appointed the following local
bankers today To assist In welcoming
the Republican presidential candidate
when he arrives at the Union Station
this evening.
John b. Larner. president Washington
Loan IL Trust Co; Howard Moran, vics
president American Security N Trust
Co: Francis q, Addison, jr,, vice presi.
cent Security Savings 81 Commercial
Bank: Wilmer J. Waller vice president
Federal~American National Bank Lam
lei r. Mciaehlen, head Of the McLach'
len Banking Corporation, and w. w
Spsid, partner in w. b. Hibbs IL Co
They will Join the reception commit
tee representatives from other civil
bodies at the Union Station at 10 TO
night
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Construction Contracts.