The Washington times., 1928-01-05
D. c. BANK CALL
To SHOW DROP
By RICHARD HATTON


Following custom, and to obtain
the years figures, the call for
statement of condition of all Wash
ington banks was issued by the
Comptroller Of the Currency yes
terday. While it is anticipated
that the reports, individually and
collectively, will show less on de.
post than at the last call, there
are several extenuating reasons.
In the first place, the District
Intangible tax is levied upon funds
on deposit in January and there
are many temporary Withdrawals
on this account. Then. again,
there are always other large with.
drawals made at the end of the
wear for other reasons and the low.
cred deposits are to be expected.
In most instances the amounts
have already been redeposited and
the banks would, IL reporting their
condition as of today instead of
as of December 81. show the GUS
tomary gain In deposits.
Death of SIade
The death of Howard Shade,
member of the well-known New
York Stock Exchange firm Of
Wright. Slade & Company, removes
from Wall Street one of its most
popular figures. For some months.
Mr.. Slade has been in i'll health,
never really recovering from ser.
ious operation performed about six
months ago. Mr.. Slade was one OF
- yUNatov1 &
Co, in 1908. He was a member OF
the Calumet. Piping Rock. Turf
and Field and Racquet and Tennis
clubs of New York.
Twenty years ago Mr.. Slade and
William Augustine Scully. resident
mariner in charge OF the Washing
ton office of the firm. were mem.
hers of the outside curb market
in New York and they. also. ootn
served their apprenticeship as stock
and hank runners in Wall Street.
Mr.. SHADES funeral was held from
St. Bartholomew's Church, New
York.
The January issue of "The Trans.
mitter." published for employees OF
the Chesapeake and Potomac Tele-
nhone Company, has made Its ap-
pearance and contains much mate
,.taI which would be of interest to
the general public as well as TO
employees of the company. Although
distinctly an organization pubIica-
ton the Transmitter contains TIC
ton and other features OF general
interest,
That 1927 was a record. breaking
b,,einess wear for the Cadillac Motor
Car Company was revealed at
meeting OF the organizations dis
tributors at the Mayflower Hotel.
The exact gain for 1927 was
81 per cent increase over the COM
pany's best previous year, or
retail delivery of $4,000 units.
The LaSalle retail deliveries Tor
nine months of the year, 1t was
shown, totaled 1b,o97 cars. Inc
LaSalle was not introduced untn
the latter part Of March, 1877
Much of the Cadillac gain was
dua IN large measure, it was
pointed out, to the impetus given
the line by the introduction of the
new Cadillac 341, which made its
appearance September /.
Gain in Deposits
President Ray l.. shriner, Of the
Bank of Brightwood, was highly
complimented for the splendid re-
port made at the annual directors
meeting of the institution held this
week. The bank showed a gain OF
S26, 900 in deposits, despite the
large amount paid out in Christmas
savings checks. G. J. Sincell, as
sistant cashier of the bank, was
added to the board at the last meet
ing and Mr.. Shriner continues as
- In
In view of the strength shown
by Washington bank stocks on the
local exchange there is interest in
financial circles in the review of
the week ending December 30 on
the San Francisco Exchange.
Trading in bank stocks featured a
moderately active market on the
San Francisco Stock Exchange for
the week ended December 80. Bank
of Italy, after touching 240, reached
248h and closed strong at 24S and
I'D 515 points as compared with the
close OF the previous week. Ban
citaly Corporation dropped from
1877 to 1901, recovering slightly at
the close to 1921, a net loss of
Az. The turnover in this issue was
heavy. American Trust hit new
peak at $40, but dipped to 1854,
closing at 500 down "a points.
American Company. when issued,
had high OF 1852. low of 124A
and close of 1871, down 81. An
Clio and London Paris National
Bank touched $50, but dropped to
2S3 and closed at PAS, up 81.
Major Julius /. Peyser presided
at the annual meeting OF the Ma
tional Mortgage and Investment
Corporation at which the following
directors were elected: H. Rozier
Dulaney. w. o. Pierson. vice presi-
dent Union Trust Company. Balti-
more; Col. M. c.. Buckley, Frank J.
Hughes, Clarence F. Donohoe. H.
Prescott Galley, Jacob S. Gruver.,
Gen. Willard A. Holbrook, Hugh A.
Thrift. George E. Walker and VIII.
liam D. West.
John Hamilton, attorney; William
A. Hill, realtor and director Federal
American National Bank; Henry W.
Offutt, president Potomac Savings
Bank; James O'Donnell retired
druggist and capitalist; DR.. w. w.
Stewart, capitalist; H. F.. Doyle of
| Thomas J. Fisher Co, and DR..
Mcpherson Creighton.