Evening star., 1932-12-28
washington F|RMS|
DECLARE DIVIDENDS
Banks and Business Institu.
tions Announce Year-End
Disbursements.
BY EDWARD c. STONE.

UISUul SCIliCIIlSs
BY EDWARD c. STONE.
Dividends galore are being declared
financial institutions.
The directors of the National Bank
OF Washington today declared the usual
semi-annual dividend of a per cent on
the capital stock, payable January 3
%, books to be closed between those
dates.
Directors OF the Federal-American
National Bank & Trust Co. have voted
q quarterly dividend Of 80 cents per
share on the bank stock, payable Janu-
, airy / to stock holders of record De-
cember g.
The directors Of the Federal-Ameri-
can company have declared the quar-
terly dividend of Is cents per share
on the common stock, payable Janu-
ary to share holders Of record De-
cember %, and the quarterly dividend
of sl5O per share in the preferred
stock, payable on the same date.
The directors OF the Lincoln Ma
tional Bank have declared the usual
SpIIll-dlllludl OlN1OC1lu VI PCA SC4lUs
payable January ! to shareholders OF
record, December 20.
Firemen'S Insurance Co. has declared
the semi-annual dividend OF per cent,
payable January to stock OF record
December 20.
Carpet Corporation directors have
voted the quarterly dividend Of 37la
cents per share, payable January l to
stock Of record, December 81.
ColIIOohia Medical Rlllldin0 di-
rectors have declared the l per cent
quarterly dividend, payable December
81 to stockholders of record, Decem-
ber 81.
Directors of the Washington Medical
Building have voted l per cent
quarterly dividend, payable December
81 to stock of record, December 20.
Several other local banks have de-
clared dividends in the past few days
which have already been announced.
Sanders Urges Savings Expansion.
Joseph Sanders, one OF the vice preSi-
dents of the Bank of Commerce &
Savings. speaking over the radio on
Savings" last evening saying, in part:
Early in written history we find the
need of savings recognized when Joseph
advised the Egyptians to save during
the time of plenty for the long lean
years Today, we pride ourselves in our
engineering much of which is based
fundamentally on savings. For exam
pie. your auto engine would not run II
the hy-wheel was not there to save
enough energy to continue to turn from
one explosion to the next. Your watch
would not continue to run unless you
frs. stored energy in the spring by
winding. We build enormous dams to
save The water in time Of plenty for the
dry season. Your own body is designed
as a Well-governed storage house. 1t
saves air and food which later are
drawn on either for regular use or for
emergencies.
IF you are one Of the many who
thinks he can't save. don't be discour-
aged but at least make the attempt,
and if real effort is made am sure
YOU will succeed. Start with the Christ
mas savings club. These have brought
the necessary incentive to many to
make start, and the regularity that
is required has instilled and fixed the
habit. This is proven by the large in
crease of regular savings accounts at
the end of every Christmas savings
club term.
One not in constant contact with
the benefit Of the savings habit would
be surprised at the number who have
saved during prosperous times in one
form or another, and whose independ-
ent existence today Is the result OF
such funds.
Washington can point with much
pride to the fact that since the prac-
tical elimination Of the private bank
and until this depression there was
never bank difficulty In which the
depositor lost cent. Practically all
of the remaining banks and trust COM
panies in this city are members, or
associate members, of the Clearing
House Association. Therefore, I un-
hesitatingly advise my listeners that all
of such banks are entirely safe for your
savings
Merger Details Are Announced.
Effective January l. the sales, rental,
Quoted by Stone & Fairfax, Inc, and
Waggaman g. Brawner. Inc, will be
combined under the name of Wagga-
manBrawner Realty Corporation.
The affairs of the new company will
be directed by Bishop p. Hill and John
W. Kaufman, formerly of Moore g.
Hill, Inc: Charles P. Stone and John T.
Meany, now Of Stone & Fairfax, Inc,
and William A. Boss and John F.
Bra Wner of Waggaman & Brawner, Inc.
The new company will occupy. to-
gether with the Investment Banking
Firm of Waggaman. Brawner g. Co.,
Inc. and Waggaman & Brawner. Inc,
which will continue to act as principal
in real estate and investment banking
transactions, the second floor Of 100
Eye street northwest
Practically the entire personnel OF
Stone g. Fairfax, Inc, and Waggaman
& Brawner. Inc, as well as several
formerly connected with Moore & Hill,
Inc, will be associated with the new
company.
Local Traction Issues Go Higher.
Capital Traction issues moved up.
ward on the Washington Stock Ex-
recent merger progress In Congress.
Trading was light, however.
Capital Traction IS, which sold 10
points higher yesterday than on the last
previous sale, closing at 48. advanced
to 4934 on two $500 transfers and closed
with $1,000 sale at SO.
Capital Traction stock, which jumped
last week from to 10, following pas
sage of the merger bill in the Senate,
scared another points today to Is, on
a single sale of 10 shares. The stock
closed Is bid and 16 asked.
In the unlisted department. Wash
ington Suburban s. u were active. These
bonds, which are also connected with
the local street railway merger situa-
ton. opened with $1,000 selling at 81,
followed by $1,000 going at 81 and
closing with another $1,000 selling up
to 62.
Potomac Electric Power 5h per cent
preferred stock moved at 1917 today.
Many more local stocks were quoted
ex-dividend today.
Financial District Notes.
Ferris, Woodroof g. Lewis, Inc, an
nounce that the fourth semi annual
distribution to be made on Super Cor
poration of America trust shares. series
c, will be 80 cents per share and on
the series D shares, 1918 cents. These