Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-01


The controller of the currency usu-
ally issues a call for the condition of
all national banks and all banks in
the District of Columbia at about this
season Of the year. Judging the future
by the past, such a call is likely to
come along soon.
Conversation with various local bank
ers indicates that the Washington
banks will make a pretty good showing
perhaps reveal fair increase over the
last call made on March 81. Recently
there have been reports that deposits
have been increasing steadily and that
a new attitude toward thrift was born
shortly after the Wall Street crash
last November
This effort on the part of bank de-
positors to save more money has been
especially notable in the savings banks
and the savings departments of the
national banks and trust companies
The number of new accounts started
in recent weeks in local banks has
been gratifying, bankers say Savings
usually increase during the Spring of
the year as depositors provide for va
cations and other expenses, some of
this money being drawn out during the
Summer
Deposits reported on the next bank
call will be drawn down somewhat by
payment of the intangible tax which is
due for the first time on July /. Bank
ers also state that some funds have
been Withdrawn by people who are I'M
employed. How much this will re-
ouee the total deposits of some 40
banks is hard to say.
Montgomery Joins Broker Firm.
G. Mp. Murphy g. Co. announce
that Warwick Montgomery has become
member Of their Washington staff
Mr.. Montgomery is we'll known here
having been born and raised in Wash
1ngton. For eight years he was in the
real estate business, specializing in in
vestmentS and management of trust
funds. In the Spring of 1929 he entered
the brokerage business with Harriss g.
Vose. He Will be located in the down.
town office of the company, at 1910 H
street northwest.
Local Dividends Declared.
The board Of directors Of the John
II. wilkins Co., coffee merchants, have
declared the regular semi-annual divi-
dend Of 81 per share on the outstand-
ing preferred stock and a dividend Of
$3.50 per share on the outstanding
common stock. both dividends payable
July TO- 1880
The Continental Trust Co. paid a
NANtN''AANA Va \ 2 EJIA 1CAAk W SAAdA o
of the company on June 80, the secre-
tary announces.
The list Of July l local dividends was
a very long one today. Nearly every
bank in the city paid a semi-annual or
quarterly dividend today or yesterday.
The Washington Stock Exchange sheet
shows that a host OF other corporations
also made interest disbursements.
Heard in Financial District.
H. @. Hoskinson, one Of the vice presi-
dents Of the Riggs National Bank is
taking his annual vacation. He is
spending a part Of the time at the Blue
Ridge Rod and Gun Club.
The District Bankers Association is
planning for expansion o. the work at
headquarters as was voted at the recent
annual convention at Asheville, N. Q.
It is announced that Brooke, Stokes
81 Co. will handle the sale Of the re-
Gently issued Public Service Trust
shares IN this city.
American exports for first quarter Of
1880 we're only 4 per cent below the
average for similar periods from 1924
1928. but were 20 per cent under first
quarter of 1929, according to United
States Chamber of Commerce.
Announcement was made today By
the American section Of the Interna-
tional Chamber of Commerce of the ap-
pointment Of Silas II. Strawn Of Chi
cago as chairman Of the American com.
Inittee of that organization. He sue
ceeds Thomas w. Lamont, whose tern
expired June 80.
Rights to subscribe TO the 2.350.00(
shareG of American Telephone Il Tele'
graph stock offered TO shareholders IL
April. expire August !. A big subscrip'
tion is likely with the stockholders, whit
now number approximately 100000
taking the offer.