Evening star., 1933-12-04
1884 THRIFT CLUBS
GIVEN FINE START.
Banks Report Lively Demand
for Memberships and Good
Sized Subscriptions.
BY EDWARD G. STCNE-

BY EDWARD G. STCNE.
Bankers in the Capital expressed
yery general satisfaction today over the
interest being manifested in the 1894
Christmas savings clubs which were
opened last week by IS local banks.
Both the number of old and new en-
rollments and the amounts being sub
scribed are considered highly satisfac-
tory considering present conditions.
The thrift complex" is still strong
among Washington residents.
This years clubs run from S25 for
the year to 81 900 in most of the banks.
Some of the banks have plan by
which certain amount is taken from
the depositorS checking account each
week and credited to the Christmas
savings club account This makes 1t
unnecessary for the club member to
present his book every week, or twice
monthly, as the case may be.
At the end of the year check for
s25. $50 500. $500, $1,000 or what
ever amount he subscribed is presented
to him. Interest of Ia per cent is
added to the amount the member
puts in.
No definite figures will be available
for several weeks, or until the time
for Joining the 1894 procession ends.
records are excellent, bankers assert.
Club members, who saved generous
amounts this year, are anxious to re-
peat in 1884.
So National Banks ReorganiZed.
During the final 20 days of Novem-
I,o-
ganization plans and were issued
licenses to resume business Controller
of the Currency J. F. T. OConnor
stated Frozen deposits in these in
stitutions totaled $50 $4,000. while
they held S3,265.000 in unrestricted
deposits.
In the same period. g unlicensed
national banks with s34,906,Oo0 in
frozen deposits and S2,745 900 in unre-
stricted deposits received approval for
reorganization
The number of national banks licensed
during November was As, with S51 7O6-
600 frozen and S4,287000 unrestricted
deposits. while the number CT unlicensed
national banks to receive approved re-
organization plans last month was "a,
with S37.38l 900 frozen end $3095 900
unrestricted deposits.
Among the banks reorganized and
granted licenses to resume business were
two in Maryland. One was the Center
vile National Bank at Centerville and
the other the Cecil National Bank at
Port Deposit Another important insti-
tuition to obtain license was the First
National Bank at Keyser, w. Va.
During the month the reorganization
plans of the Citizens National Bank at
Browrwood, Va. and the Farmers &
Merchants National Bank at Onley,
w. Va, were also approved
Building Ahead of Last Year.
The value of building permits de-
creased in October the compilation
prepared by Dun & Bradstreet. Inc. of
215 identical cities of the United States
showing that for the fifth month in
succession building expenditures were in
excess Of those of a year ago. The
peak of the year was reached in June,
when building permit values aggregated
S34,O98.584. or nearly double the Feb
ruary total of S17,171,9 ,943, which was
the low point of the year In spite of
the moderate gain. however, the total
value OF building permits filed for the
10 months ended October 81. was only
s2oo,6e6,o1a, as compared with s346,
7O79Jl for the CORRESPONDING 10
months of 1882 decline of S86021 ,913,
or 24.8 per cent
Magazine Announces New Deal.
The business OF Trust Companies
Magazine; published for many years by
c. A Luhnow, who died July 10. will
be conducted hereafter by a corpora
ton, now in process of formation, all
the stock of which will be owned by
the Luhnow estate. Glen B. Winship
has been selected as editorial and busi-
ness director, effective December l, and
Christian C. Luhnow, son of the
founder, has been designated as editor
Mr. Winship. until recently consultant
on industrial and financial problems,
has had long experience in the public
relations field and as financial editor.
Bonds Leaders on Exchange.
Bonds we're in the hast demand on
the washington Stock Exchange today
as the weeks trading bJyan. The mar
ket opened with So: Washington Gas
IS. 1860, morsng at 1922.
Washington Gas 6s. series B. came
out at 102, five ST 1000 bonds and one
$4,000 bond changing hands. After CALL
Potomac Electric Power 6s were in de-
mand, $1,000 selling at 1075s, another
$1,000 al 1914 and $1,000 and $1,000
at 1G7 fiat.
In the stock division Potomac Electric
Power sig per cent preferred came out
at l05, while two small lots of Capital
Traction changed hands at 131., same
as the last previous sale.
Members of the exchange are COM
menting on the marked increase in
street car traffic on the lines of the new
Capital Transit Co. Tha. surprising de-
mand for the ST and SIPS passes con-
tinued again today. Government work.
erS who have been paying 80 cents a
week for II car tokens can now add 10
cents, obtain one of the new tickets and
ride on any line as many times during
the week as they wish to. The passes
are even transferable.
Heard in Financial District
John M Riordon. vice president OF
the Bank of Commerce & Savings, was
back At his desk today after visit in
Richmond.
The Bank of Commerce & Savings
has lost valued director in the death
of Martin A Leese. He had served the
board most efficiently for more than
10 years
The most favorable current trend.
says Standard Statistics. continues to
be provided by the seasonal revival in
retail trade, st mulated by increased
net returns in the agricultural regions
and by gradually expanding total of
wages paid to industrial employees.
Bulletin boards in the local broker
Offices showed that the R. F. C. price
for gold was unchanged again today,
S340l.
MONETARY GOLD TOTAL