Evening star., 1928-12-17

bOIlQ sales were
confined to Washington Gas SIS at 1894,
and Gas A and bonds in very small
denominations at 104l4 and 106, re-
spectively. Seven issues on the board
are selling eX-dividend.
Bankers to Form New Section.
The District Bankers Association will
complete the present enlargement proc
eSS next Friday by organizing a safe
deposit section along the lines of the
recently formed f1duciary and auditors
sections. Thirty-two local banks have
named 81 representatives to take part
in the organization, as follows:
American Security & Trust Co.
Charles E. Howe, r. E. Harris, Hans
w. Ireland and James c. Dulin. jr.;
Anacostia Bank, Maurice Otterback, w
L. Koontz and Albert v. Pohl; Bank OF
Brightwood, Raymond L. Schreiner and
Charles j. Sincell; Bank of Commerce
q Savings, John M. Riordon, Frank
OWlngs, E. Kenneth Rouse and Austin
J. Snavely; Columbia National, Robert
II. Lacey and Miss Mary j. Pearce.
Commercial National, Frederick H
Cox, William H. Schof1eld, Con-
assistant trust officer; District Ma
tional Bank, William C. LOCKER;
Federal-American National, Joseph D.
Yerkes, E. E. Miller; Franklin National.
Samuel M. Thrift, Joseph G.. Stephen
son; International Exchange Bank, F..
Cuniberti, F. j. Kaufman, ir.: Lib
erty National, A. P. Miller, M. F, CAL
nan; Lincoln National, j. Frank Rice.
A. E. O'Beirne; McLachlen Banking.
Guy D. Cowl; Merchants Bank & Trust
Co., Miss Elsie M. Robey; Mount YER
non Savings, T. Edwin Norris; Munsey
trust, G. H. Pope, C. M. Ashton.
National Bank of washington. W.
Clarence Miller; National Metropolitan
James E. WoltZ, Carl F.. Smith, Albert
H. Bedford, Robert E. Briggs; National
Savings & Trust. John M. BoteIer:
North Capitol Savings, P. Henry Coates;
Northeast Savings, George F. Hoover:
Park Savings, William G. Strauss: Po-
tomac Savings, G. w. Shoemaker, E. T.
Burdette: Riggs National, Earle M.
Amick, Albert E. Fisher, Benjamin F.
Tripp.
Second National. Victor B. Deyber.
Jacob Scharf, M. D. ESch, j. Karl Sew
both; Security Savings and Commercial.
F: q. Addison, jr., S. r. Baulsir, T.
dunton Leith, j. William Roberts
Union Trust, Irving zirpel, William S.
SHNNF' -. = u LII chCs AIldIlCS w. HAAS.
united States Saving, John F. Cook
Washington Loan and Trust. William
H. Harper, F. Sorel Stoddard; WASH
lngton Mechanics Savings, A. S. Offutt,
l.. w. Davis, j. M. Mccarthy; Washing
ton Savings, j. D. Leonard.
Controllers Report Impressive.
Figures from the annual report OF
controller John w. Poole are most
impressive in showing the present
status of the banks of the country.
In all banks that reported to the
controller during the year, individual
deposits amounted to $53,244, ,698 600
including savings deposits and time GER
tificates totaling $23, ,575, 900. The
per capita individual deposit was
S4O5. 40 and the per capita savings de-
poSlt amounted to $21423.
The report said that 15.o7S State
commercial banks had total resources
of $16,291 .003, 900, with total deposits
of $l2,725, $4,000; that 1888 loan and
trust companies had total resources
of $3.50, 1896 900, with total deposits
OF $l0,874,503,000, and GIG mutual saw.
lngs banks had total resources oi
S9.688, $4,000, with total deposits OF
$8,672 .823,000
The resources of 1876 reporting ma.
tional banks october 8, 1928, aggregated
$28,925, 900, and were greater thar
at any previous time in the history OF
the national banking system. These
| figures exceeded by Still, ,656,O0O thu
resources reported by 1904 nationa
banks on October 10, 1927, the datt
OF the corresponding call year ago.
Merger with Riggs Effective.
=
Mechanics National with Riggs Nation.
al has become effective as of Decembel
10, the Georgetown bank and 1t.
Friendship branch now being operated
as branches of Riggs. Harry L. Selby
and Harold w. Burnside have beer
manager and assistant manager, re-
spectively, of the Georgetown branch
| while w. Edmund Freeman continues
as manager of the branch in Friend
| ship. The board of directors of tn
| Farmers & Mechanics National hav,
| become members of the advisory boart
OF the branches Of Riggs.
Columbia Welcomes Visitors.
The Columbia National Bank threw
open its doors in the extensivel
changed and enlarged beautified nev
banking quarters today. There was
continual stream of visitors through
out the forenoon, and the officials re
ceived many congratulations on tn
handsome surroundings The bank wa
one mass of flowers today, sent by Gus
toners, business associates and friends
The new counters are exceptionally at
tractive and convenient. The ney
boardroom, on the top floor, and tn
new safe deposit department, in tn
basement, received their full share O
favorable comment.
Heard In Financial District.
The Real Estate Title Insurance CO
has declared the regular semi-annua
dividend of 8 per cent and an extr
dividend of per cent The director
also voted one months salary as
Christmas bonus for the employees.
The Commercial National Co. ha
voted the quarterly ia per cent divi
ber II.
The Bank Womens Club will have 1t
annual dinner and Christmas party to
morrow evening at the Huguenot, Con
president of the club and Miss Louis
Mitchell chairman of the committee O
arrangements.
The newly formed auditors sectiol
of the Bankers Association will have it
first meeting Friday at headquarter
followed by dinner at the Universit
Club.
CHTCAG0 nATRY MARKET