Evening star., 1928-11-16

| during both period:
| over the preceding
--A'A year, but redis'
! Yohn poo,. counts decreased
slightly. Earnings
by these latter banks were slightly lower
| for the first nine months OF 1928 than
for the corresponding period in 1927
Earnings of the land banks and the
| Joint stock and land banks are not re-
| ported.
Assets of the 12 Federal land banks
September 80 totaled $1.264. .43S,3l7, OF
which 81 100, 143,246 was accounted for
! by net mortgage loans. Farm loan
bonds outstanding totaled $1,161 ,394,-
GAS, with 81 l,877, $50 in addition on hand
| but unSold Total loans closed dur
| ing the third quarter of 1928 were $18,-
! 400, against $25, 5,296,300 for third
quarter of 1927 For the first nine
months total of loans closed was $81,-
273, 100, against Sill ,444, 800 in the first
nine months of 1927.
| Combined assets of the SO joint stock
land banks September 80 totaled $685.
841, ,129, of which net mortgage loans
| loan bonds outstanding were 1891 .527.-
| 800, with an additional s3,890,300 au-
thorized but unsold. Total loans closed
| for the third quarter were $7,907, 900,
against S12,100.S00 for the correspond
| ing period Of 1927. For the nine months
ended September 80. total loans closed
were $32. 2.297, 500, against S7l. .625, 200 for
the similar period of 1927.
Total combined assets of the IL Fed
era1 intermediate credit banks were
500, ,987, the report shows. Chief
of the assets of the IL banks were loans
of SIT, TAI. .289, rediscounts of $50,878. .30l
If fa1
loans closed by the IL banks during the
quarter were $17,462, ,299. against $l2.-
320.337 for the corresponding period of
1927. For the first nine months of 1928
loans closed by the banks totaled $27,-
991.879, against $26,272, ,760 for the
similar 1927 period.
Bank Declares Special Dividend.
The Farmers g. Mechanics National
Bank, in GEORGETOWN yesterday declared
special dividend of $500 Der share.
payable December Is to stockholders of
record on November 80, Harry i. Selby,
the cashier, announced today This az
tion by the directors does not consti-
tute an extra dividend. but the payment
is voted at this time in connection with
the RIGGS Bank consolidation. Riggs
National tnok similar action few DAYS
ccrnber to December 8, inclusive.
The directors of the Atlnntic Coast
| Line Pailroad h2ve declared the usual
extra dividend of 81 80 and the regular
semi-anpual dividend of $3.50 on COM
MON stock. both payable January 10 to
stock of record December IL.
Huge Gains in Bank Resources.
John Poole. president Of the Federal
American National Bank, has made
COMPARISON of local bark resources for
the past 80 years. the figures revealing
"rneZing progress during that time.
Total resources of Washington banks
ar now abort $326436, 800.
Statistics show that canital. Surplus
md undivided nrofitS of. the Washing-
ton institutions have crown to $50. .32o.-
600 in the 2n-venr period. five times the
+~tal of $a7"1 900 rercrta1 in 1897.
Deposits, which reached s264. ste, 800 on
October 8. have increased IL times over
in az years.
The savings bank groun anuears to
| have undergone a phenomenal growth
4! in tntal resources rising from $1O5. 900
IN 1897 to S4A.2e2. 500 1T the present
time. The early figure, however, is un-
cfirial.
Tha next LARGEST Growth in resources
was shown by the trust comnanias. the
ccnpilation dis"lcses. the $11.284.OO0
aggregate recorded 80 vecrs ago conn
par'ug with $112.875 400 this year. The
national hank groun. which now has
81 69, ,298 40n in resources, reported $2l,-
! ITO n00 in 1897.
/ FIGURES for the three uroups. cover
ing tho 1897, 1919 and 1928 periods, are
I as folio VS.:
CAPITAL. sUPorus AND UNDIVIDED
PROFITS.
no.. T 1897 1910. 1929 ooo
Trtanai Tanss ss,sScc
Savings -. $4,000 S,os6,sOO 5,2i5.ooo
Totals ss,7oloOO sS4l67,2OO s5o,3a9, 900
| DEPOSITS.
Tas9nal Tas sis4s siss
Savings =. $4,000 si.ac4.occ ss,sss7CoC
Totals .s2l.85oOoO sls2 IOI 900 $2s4,s76,oOo
TOTAL RESOURCES.
National $21I79.0nn slna. 7a" .ann SEQ, 999, ,A0n
5Hit iSsSS sssSS iass SS
Totals ss2.sssOOO s2Os.41I,lOO ss2s,4se,:OO
Cough to Address Bankers.
The next regular meeting of the Dis
trict of Columbia Conference Of Bank
Auditors and Controllers will be an
| open meeting held at the University
Club on Wednesday evening, Novem-
ber 81. at 8 pm.
e. H. Cough, deputy controller OF
the currency, will give talk on The
Duties of the Bank Auditor and His
Relation to the Bank Examiner"
The presidents of the banks of Wash
ington have been invited to this meet
ing, and it is expected that this will
be one of the largest meetings ever
had by the conference.
Washington Gas Still Climbing.
washington Gas Light stock reached
another new high mark today, when Is
shares sold at 105H after closing yes
terday at 105. Bank of Bethesda stock
also sold at a new high of II. Fifteen
shares changed hands, the first sale In
long time, and gain of point.
Bonds were active on the local boarc
today, Capital Traction, Washington
Gas, Washington Railway & Electric
and Wardman Park Hotel issues sell.
ing in fair-sized denominations around
recent levels.
Among the bank stocks Riggs war.
rants sold at 900, ten shares of District
National came out at 233 and ten ol
National Savings & Trust at 500. The
first trading in Park Savings Banl
stock since the recent stock dividend
was recorded today, when 20 share:
changed hands at go.
Mergenthaler Linotype was agar
among the leaders, opening at 1908
and closing at 100% on a 45-shart
turnover. Potomac Power per CEN
preferred opened at 113b, Capita
Traction sold at 1862, Railway & Elec
trio preferred at e9as and so shares o.
Firemens Insurance Co. come out a
38. Chestnut Farms Dairy preferred
commanded 1C834.