Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-10


best-known bank
ers in the country. Ezra Gould.
Anv banker who is
big enough to head the American
Rankers' Association, will be heard with
the deepest interest by the local bank
ing fraternity. He will probably speak
on Industrial Conditions IN the
South" ~,
Another speaker will be John w.
Pole, Controller of the Currency. Con-
troller Pole will speak on branch bank
ing. one of the most important SUBJECTS
now before the financial world. Tine
fate OF the country bank is bringing it
more and more into prominence. Mr..
Pole has already discussed the subject
freely before congressional committees
and has written widely for magazines
on the subject. A summary OF ms
views on this controversial issue Will
prove Of great value to the local
bankers.
It is customary for one or more local
bankers to be included on the program.
This year Robert v. Fleming, president
Of the Riggs National Bank, and prest-
dent of the association last year, has
agreed to speak He will discuss Les
sons to Be Learned from the Stock
Market Crash" It is doubtful If any
more timely address than this will APP
pear on the program, as the banks were
50 deeply involved in the situation
brought about by the stock decline.
Mr.. Slaughter and Vice Chairman H.
H. Mckee feel that excellent progress Is
being made on an unusually good pro-
gram, as do General Chairman Vass
and President Waller.
Gould Again Heads Bank.
At the organization meeting of the
directors of the Washington Mechanics
Savings Bank late yesterday, Ezra Gould
was again elected president; DR.. Edward
F. Pickford, vice president; A. Scott
Offutt, Joseph NJ Mccarthy, L. w.
Davis and w. B. Mehler, assistant
cashiers, and Mrs M. H. Buckingham,
secretary. Mr. Mehler is a new officer,
while the others we're all reelected.
In his annual report Mr.. Gould re-
ferred to the marked progress In de-
posts made during the past "a years
dend of 20 per cent was paid during
the past year on the increased stock.
Rapid progress is being made on the
new bank, at 3401 Connecticut avenue,
which is to be opened about June l.
This will give the institution four
Offices.
Washington Loan 10 Expand.
The directors Of the Washington Loan
& Trust Co. Yesterday declared the
regular quarterly dividend Of per cent,
payable on May to stockholders of
record April %. It is the 151st quar-
terly dividend.
1t is reported that the Washington
Loan & Trust Co. Is planning to enlarge
its west end Office, at Seventeenth and
@ streets by the inclusion of the adjoin-
ing property on G street, which was
acquired some time ago for that
purpose.
This branch Office of which Charles
H. Doing is manager, was established in
1917 and has been remodeled twice since
that time to meet the needs Of the great
increase in its business. The present
edifice was granted a special award by
the Fine Arts Commission for buildings
OF its type. Arthur B. Heaton Is the
architect.
Bank Deposits Come Down.
The inadvertent report of one of the
local banks of $500 900 more deposits
on March q than was really the case
makes the aggregate deposits for Wash
ington banks read quite differently.
Washington bankers were pleased with
0 reported gain of over 81 ,000,0 in
local deposits since the call of Deem
Der 81, while New York and many other
centers were announcing decrease in
their deposits. Deduction of the $500, 900
leaves a gain for the AZ or 43 Wash
ington banks of only about $500, 900, to
be exact, $487,574. Had not some of
gains on the March 81 call, the total
local bank deposits would have shown
o decrease.
A. e. r. Sales Up Per Cent.
The Great Atlantic & Pacific Tea
Co. today reports March sales Of $685.
97S,552, q gain of $6,263,177, or SOC
per cent over the same month last
year. This increase Is particularly sig
nificant in view of the lower price levels
Of commodities and the fact that Easter
this year, unlike last, did not come
IN March. There has been no appre-
ciable change In the number Of stores
In the two periods.
Reserve City Bank Sessions.
Announcement is made that the AS
ISOLATION of Reserve City Bankers will
have its annual convention at Mem
This Is a highly important meeting for
the limited membership Of 400. Among
those planning to attend from Wash
ington are Robert v. Fleming, A. M.
MENUS, Wilmer j. Waller and r. @.
Await.
Gas Leads Local Exchange.
One hundred shares of washington
Gas Light stock changed hands on the
Washington Stock Exchange today at
1873. This was of from the sale Of o
single share yesterday at 100. The
stock closed with 1913 bid and 125 asked.
ThirtV-fiVe shares of Merchants
Bank & Trust Co. stock changed
hands today at 125, same as the last
sale Capital Traction opened with
single share selling ct 80 and closed
with 10 shares going at 70. Ten shares
Of District National sold at 215 and
10 Of Continental Trust Co. at 125.
: Railway and Electric preferred came
out at 97% and 80 shares of Lanston
Monotype moved at lit. Bonds were
In moderate demand at recent levels.