Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-07-30

6 per cent pre- kSSzs-------sz
ferred stock selling W. T. Galliher.
at III and the 5is
per cent stock at i07. Six shares CT
Real Estate Title Co. changed hands AZ
2l0.
In the bond division small denomina-
lions of Washington Gas 6s Series A,
moved at l0234 and 81 900 transfer IN
Chevy Chase Club 5i3s took place at
i0lia.
CIearingS Ahead of Last Year.
Bank c!earings In washington during
the week ended July IS amounted 70
1858. 600 in comparison with canceleo
checks for the week ended July 10 OF
500 az. 600. While local clearings were
considerably behind the previous week.
vet they were 8.S per cent ahead OF the
corresponding week IN 1927.
baltimore reported clearings of S8e.-
100 600 for the week, compared with
sio9,5iI coo for the previous week and
also showing a decrease Of l0.2 per
cent below the figures for the CORE
spending week year ago.
Richmond also had decline, clear
ings of S3S.524000 being lis per cent
under last year and compared with SAL
lol 900 for the preceding week this year
Banker Celebrates Anniversary.
Many roads led to the home Of VIII
liam T. Galliher yesterday when the
chairman of the board Of directors OF
the Federal American National Bank
celebrated his seventy-second birthday
amid unlimited best wishes and a host
of floral tributes. 1t was a gala day
for the veteran banker. On reaching
the bank this morning he found many
more congratulatory notes and cards
on his desk.
MIR. Galliher entered banking circles
when elected a director in the old
American National Bank at its organi-
cation in 1908. Later he served as vice
president and then as president of the
institution until 1t merged with the
Federal National in 1922. assuming his
present duties at that time.
He is a trustee Of American Univer-
sity. Swartzell Home for Children. treas
urer of the Board of Temperance, Pro-
hibition and Public Morals of the Meth
odist Church. belongs to the University
and City Clubs and is thirty-third de-
gree Mason. A director in the Washing
ton RAILWAY e. Electric Co.. he is also
connected with many other corpora
tons. Mr.. Gailiher attended the last
District bankers convention. taking &C
tive part in the proceedings.
Company Declares Dividend.
The directors of the Continental Clay
Products Corporation, with offices in
the Investment Building, have declared
a seu1i-annuai dividend of per cent on
the preferred stock, according to an
nouncement by z. T. Chewing, the
president. The disbursement VIII oe
made on July 81 to stockholders OF rec
ord July ID.
The Washington Loan g. Trust Co. S
regular per cent quarterly DIVIDEND IS
among the many local DIVIDENDS wnicn
will be paid on August |. The 90-cent
quarterly dividend Of the Washington
Gas Co.. is also due on the same DAY.
Farm Loan Bureau Makes Report.
Easier money conditions in May and
for most of the first five months OF 1873
are reflected in the statement OF Fed
eral Farm Loan Bureau as OF May 81,
showing generally decreased earnings
and decrease in number OF loans Tor
both periods over last year for the sys-
tenn. Development of greater competi-
ton from insurance companies ana
other such agencies for the first mort
cage land business also played part.
The decreases are regarded as only
temporary and as not affecting the sys-
tenn seriously. however. Officials see
growing confidence in the system.
Heard in Financial District.
Howard Moran, vice president of the
American Security e. Trust Co, was
back at the bank today after months
vacation, much OF which he passed at
resorts on the New Jersey coast.
Irving Zirpel. secretary OF the Union
Trust Co, Is taking months vacation.
He is spending the first two weeks at
the Summer place of r. j. StellWagen.
on South River A motor trip will take
the other two weeks.
A. Chester Flatller, in charge Of the
Connecticut avenue Office Of O. M. p.
Z Murphy e. Co, has returned from a
BUSINESS trip 70 New York.
Hilleary c. Hoskinson. one of the nu-
merous vice presidents Of the Riggs
National Bank. returns August from a
months vacation.
r. r. H. Siddons, secretary of the
American Security 81 Trust Co. has
returned to his duties after few days
vacaticn.
The Louisville 81 Nashville Railroad
has asked the Interstate Com
merce Commission for authority TO
( lease for 90 years the Louisville, Hen
/ derson & st. Louis Railway. 200-mile
! line, Of which IL now owns 1925 per
cent Of its total preferred and 9545 per
/ cent of the roads common stock
Lindbergh's Investment Manager.
/ In we'll informed quarters IL is under
/ stood that the house on the corner"
! j. p Morgan 81 Co. has taken Col
/ Lindbergns funds in hand for invest
nent, says the Wall Street Journal
Such funds are said 10 amount 10 be-
tween 100000 and $4,000 which the
flying colonel has accumulated In about
/ q year from his book numerous articles
I and prizes. II Is further said that
| J. r. Morgan personally, will give con-
! siderable attention 10 the proper In
vestment Of these funds, 1t will be In
teresting 10 ,ote the size of Col Lind