Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-13

Is 10 De QSVOUSQ Ell
tirely to better
banking methods, y. L. Cotton.
officials of the Vir-
ginia association changed their plans,
took bank management of their own
program and advised just as many Old
Dominion bankers as possible to attend
the Washington sessions.
Interest in the coming conclave is
growing steadily. Washington bank
presidents have been asked to designate
the representatives from their institu-
tons who will attend the meetings, the
responses so far received indicating a
large and enthusiastic turnout.
Chairman G. H. Pope of the Trans
portation Committee met with his as
sistantS yesterday afternoon. Plans
were completed which will make it very
easy for out-of-town bankers to obtain
their return tickets without taking the
time to go to any Of the local ticket
Offices.
Chairman E. J. McOuade of the Hotel
Committee reports that every mail
brings requests for hotel reservations.
These are in response to the invitations
sent out by Lanier p. McLachlen, presi-
dent Of the District Bankers Associa-
ton, and Robert v. Fleming, chairman
Of the General Conference Committee.
Vice Chairman George o. Vass of the
Information Committee announced to-
day that Chairman H. H. Mckee has
practically completed the list of speak
erS who will appear on the program.
Bank Resources Reported.
The aggregate resources of 1888 re-
porting national banks on December
81, 1880, amounted to $28, 799 ,684. 600,
an increase of $421 .001 900 over 7,197
banks reporting on September "a, 1880,
N.-.A Aba1
Of 7,408 banks on December 81, 1929,
Controller of the Currency Pole an
nounces.
Loans and discounts, including re-
discounts, of the banks reporting on
the December 81 bank call amounted to
S14, 1852, 039D00 a decrease of 1921, 03o,-
900 from the September date and $766,-
100000 from December 81, 1929.
Total deposits on December 81 aggre-
gated 22.87l $4,000, an increase in
the three-month period of $500, 329 900
and for the IL months s98.153,000.
The paid-in capital stock of report
ing banks was 1922, SO 900, decrease
Of $22 1866, 900 In the months. but
an increase of s17,686,000 in the year.
Surplus funds of $I,548, 364,000 and
net undivided profits, excluding reserve
accounts. of S515 $4,000, or a total Of
81 064, 337, 900, showed a decrease of
s114.907 900 in the months, but an
increase Of $ls,e18,ooo in the IL
months.
Balances due from correspondent
banks and bankers of $4,7s8. 3s2, 600.
which included reserve with Federal
Reserve Banks Of 81 400 1855 900. were
SAT-. 009, 900 and $37 ,289 900, respec-
lively, more than reported at the time
of the call made months and IL
months previously. Cash in vaults in
creased for the 3 months $50, 245 900
and for the IL months $15, 1854, 900 to
. total of $409, 084,o00.
Bankers Hear Talk on Wills.
B. L. Cotton, chairman of the
hduciaries section of the District
Bankers Association and trust officer
of the District National Bank presided
at the monthly meeting of the section
held last night at the University Club.
Between 30 and so members Of the
section were present. The address of
the evening was given by Stanton c.
Peelle, local attorney, on the subject
of wills" Attorney Peelle outlined in
the clearest possible manner the essen
ttals In drawing up wills, also mention
ing the pitfalls to be avoided The
forum question period brought out
many interesting points. The talk was
followed by buffet supper.
Miller Credit Banquet Speaker.
Stephen I. Miller, executive manager
of the National Association of Credit
Men, will be the guest speaker at the
annual Midwinter dinner of the Wash
ington Association, to be held tomor-
row night at the Willard. Owing to
his position, Mr. Miller Is in unusually
close touch with business and credit
conditions, and his address is sure to
be intensely interesting. r. Jesse
CLANCY of the Commercial National
Bank is chairman Of the committee,
which includes Lister T. Watts. a di-
rector in the national organization
Eugene H. Ruark, local manager for
Bradstreets, and John A. Reilly. secre-
tary and manager of the association.
It was stated today that Leo A. Rover
will be POSTMASTER.
Lively Trading on Exchange.
Following the holiday on Lncoln's
birthday anniversary, trading on the
Washington Stock Exchange was more
active today.
Capital Traction opened with three
shares selling at 80. Twenty shares
then changed hands at 81. ten more at
367e and q final sale of six shares was
made at 81. Todays small sales found
same time brought about the highest
yield on this issue that has been re-
corded in many day.
Potomac Electric Power 5la per cent
preferred came out, ex-dividend, at
1887 and Washington Railway g. Elec-
trio preferred, also .ex-dividend, closed
at 90.
Seventh Street Savings Bank stock
changed hands at 290 and Federal
American National Bank g. Trust Co
came out at so. Mergenthaler Limo
type figured in several small sales, clos
ing at 871a. Bonds were in fair demand
at recent levels.
Financial District Notes.
Extensive changes in the District Ma
tional Banks lobby and safe deposit de-
partment are nearing completion. When
finished, the interior of the bank will
present q much more imposing appear
ance and the space to be used for bank
ing purposes will be practically doubled.
II. N. Brawner, jr has been elected
q director in the Western Maryland
Dairy Corporation, the annual stock
holders meeting having taken place in
Baltimore.
FEIMEI TEA IMHPEACEc