Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-01
Bnslness on D. 6. Exchanre.

Business on ID. C. Exchange.
In light trading on the Washington
Stock Exchange yesterday rs shares Of
Real Estate Mortgage & Guaranty pre-
TERED sold at 6j2 and 25 shares of
Carpet Corporation changed hands
at IS
Columbia Sand g. Gravel figured In
Two i0-share lots sales at 90. the nrice
prevailing for this stock for some time.
Columbia Sand e. Gravel Is now con-
frolied by the Smoot sand q Gravel
GO. the two big plants adjoining on K
Georgetown.
Bond trading was confined to wash
lngton Gas issues. Gas IS, series A. re-
corded . baby bond sale at 100 and am
otner At 1904. washington Gas IS
came out at 1904 for q $500 bond
Inc securities not listed under ex-
change rules were called on, quotations
having changed very little from last
week. The bid on Franklin National
sank stock was moved from 100 to I25.
Inc BID on Commercial Club AIS was
advanced to 60
lions on the local board have been In
small lots, the Importance of the ex-
cnange IS as great as ever. Local issues
involving millions Of dollars are held
as collateral by banks and yerv large
stock and bond holdings are in nosses-
sion OF private investors.
washington Clearing House figures
ngures Tor Saturday: $3,4sS,s94 10.
Bank Deposits Mount Steadily.
It IS q fascinating story of SOUND
GROWTH that Is revealed by the aCgre-
gate deposits IN washington HAMS IN
recent years. The controllers last cali
on September 20 focused attention on
local deposits as compared with the
June 30 call and the September cali 4
year ago. A glance still farther back IS
On September IL, 1916. washinston
banks had total deposits Of SOC 900 :
1875. Only two years later. on Sep
temoer IL, 1919. deposits here had
reached $i62. 10l, sac. 20. The Fall call
IN 1924 came on October 10 and re-
yealed total deposits had jumped Sto
&2i4.53S, O64.5S. Three years later on
OCTOBER 40 local deposits had reached
s1St.VoO,eie.16, an increase Of SAL
The Autumn call in 1898 came IN
October and found deposits near the
cltyS al-ttme record, deposits BEING
S274, 1S2, 1871 81. That pace arpeared q
bit too lively and on October 4, 1929
deposits aggregated $269. 5S9. 1856 "a. Nv
September "a. 1880, they had dropped
back 20 $265, 7o6,200.93 Then the PEN
uulum swung forward ana on the call
~ Ser.Smber 20, last. local deposits
were $275, 7s7, S27.46.
The above figures are SUFFICIENT 10
picture long and steady bank growth
here. Best OF all, the gains have been
made by sound banking practices.
Institute Has 2ss Students
study courses Of WASHINGTON :. .apter.
American institute OF BanE' 4 total
2eS. according 70 Richard A Norris.
Lincoln National Bank. chairman of
the chapters Educational Committee.
Mr.. Norris reported enrollments by
class as follows:
Bank organization and operation, Sc:
commercial law. %: negotiable inStru-
mentS. So: economies. IS, credit man.
agement "a; bank management, -:
investments. le; English in business
~; public speaking 20. debating IL.
Compared with the number of en-
rollmentS in the Fail term last year
the local institute has suffered de-
crease OF 81 students A decrease was
anticipated by the committee and Local
chapter ofiicials were recently informed
by the national president, Henry Merg-
Ter, that other chapters throughout the
auctions. brought about largely on &C
count Of the relatively small number oi
new bank employees during the past
two years.
Oficials Of the local chapter said the
decline in enrolment figures would In
no way affect the standard or quality
OF the educational work which is the
primary function Of the organization
It was also stated that plans for the
other phases Of institute activities are
progressing satisfactorily and there 1
little likelihood Of their being curtailed
The local banks aS q whole are gen
erously supporting the chapter in the
matter Of Fefunding tuition upon sue.
cesSful completion Of CHAPTER courses
and chapter officials are gratified ovel
the prospects Of q successful year from
the standpoint OF membership. II wa,
learned that the membership for 1881
" now exceeds 500. which includes
more tran 90 per cent Of local banl
rfesinerts ard many of Washington