Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-27
NATIONAL SAVINGS
SELLS Up TO 57O
Bank Stock 80 Points Above
Last TranSaCtion-B. & O.
and Other Reports.
BY EDWARD c. STONE.


National Savings 81 Trust Co. stock
came into the limelight on the Wash
ington Exchange today when 10 shares
sold at the new high mark of $50 per
share. This was a gain of 80 points
over the last sale at $40.
American Security d Trust figured
In q sale Of 10 shares at 470, the same
as the last previous sale. Bank of
Bethesda stock, which recently had a
sharp advance, opened at 8214, dropped
TO 81, 81 and closed at 60i2. The four
sales were five-share lots each. The
last previous sale in the stock vas made
al 85
Other local securities were steady to-
day There were several 10-share sales
in Capital Traction at 1053i and 1857
Potomac Electric Power 5l2 per cent
preferred sold. eX dividend, at l08l..
Barber g. Ross common changed hands
10 the extent of 70 shares at 20.
Lanston MonOtype moved at 123 and
l29. Mergenthaler opened at l07$s,
went to 1919 and closed at 107$s.
Other stock sales included Railway d
Electric preferred. eX dividend, at 1894
and Merchants Transfer & Storage pre-
ferred at 1922
In the bond division Georgetown Gas
SIS sold at 1919, 500 Washington Gas
6s. series A, at 1929; Barber 81 Ross
6l5s at 941a and Potomac Electric
Power 6s at l08ll.
Local Insurance Firm Reports.
The Equitable Life Insurance Co.
which has its home Office in Wash
ington. has sent its annual statement
as OF December 81, 1928. to policyhold-
ers. The company paid $6l4,824 to
pohcyholderS in 1923, increased Its sur
plus by more than Sl26,000 in 1928
and had $50, 1925. 1913 insurance III force
on December 81. This was an increase
in 1928 of S3.957.367 The present
officers are:
Henry P Blair, president; Joseph
Sanders, first vice president; William
A. Bennett. second vice president and
manager Of agencies; Allen c. Clark,
secretary; Gilbert A. Clark, actuary;
Maurice D. Rosenberg, counsel, and
LauriSton H. Hannah, assistant super
intendent of agencies.
The trustees include James G. Ben
nett, William A. Bennett, Henry P.
Blair, Allen C. Clark, Appleton P Clark,
jr.; Gilbert A. Clark, J. Leo Kolb, Will
liam H. Rapley, William w. Rapley,
E. Francis Riggs, William F. Roberts,
Maurice D. Rosenberg, Joseph Sanders,
Luke c. Strider and Henry A. Will
lard, II.
Business Ahead of Last Year
Taken as a whole, business in the Il
Federal districts may be said to be run
ming well ahead of this time last year,
and such reliable indices of trade as
carloadings and revenues and the query
for iron and steel would appear to fore
cast an unusually active Spring in
practically all lines. Dry goods dis
tribution at the moment is heavy and
there has been something of boom in
the coal market. Reports from the tex
tile industry are more encourag ing. In
some parts of the South cotton mills
are running full time. Bank clearings
continue to hold up well and are run
ming some 10 to 20 per cent above the
same time last year.
New York reports money plentiful for
business needs, New England reports an
improving mill outlook, Philadelphia
notes an increase in orders for Spring
trade, and Cleveland reports improve
ment in the soft coal situation At
lanta reports that Georgia is to get
cotton mill plant representing an in
vestment Of $50O0,000.
st. Louis is getting excellent shoe or
ders for Spring, Minneapolis notes that
business is from to 10 per cent ahead
OF last year, Kansas City reports a good
gain in bank clearings and San Fran
cisco is pleased with recent earnings
reports from big corporations.
Third Largest Bank in World.
Local bankers have evinced great in
terest in the merging of the Guaranty
Trust Co. and the National Bank of
Commerce Of New York. The combin-
ing Of these institutions will make the
largest bank in the United States. with
resources of approximately $4,000 00O,-
coo and deposits in excess of S1,515,-
100000. This will compare with the
National City Banks resources of
81 ,848, 100000 and deposits of sl,349,-
O000 900 on December 81. last.
In point of assets it will rank, as a
private bank, as the worlds third largest
bank, being exceeded only by the Mid
land Bank Of London. with S2,488, $780,
600 assets and $1,973 100000 deposits,
and by Lloyds Bank of London, with
s2.l99, 100000 assets and 81 ,760, 500, 900
deposits. as Of December 81 last. Bar
clay's Bank of London on that date had
$l,675. 10000 deposits, but 81 1880, $780,
900 of assets.
Total assets of the British big five"
hanks NJ Dacerohar 1000