Evening star., 1933-06-20

WnlCe q 20. as manager OF Lne Buffalo
office
He was a member Of both the Roches-
ter and Buffalo Bond Clubs 1t is his
present intention to live in Washington
permanently. The firm he now is with
is member of the Washington Stock
Exchange and correspondent of Spencer
Trask & Co.
National Savings Adds Official.
Directors of the National Savings &
Trust Co. approved the appointment of
B. L. Cotton as real estate officer, at
their regular meeting yesterday. Mr..
Cotton, who has already taken up his
new duties, was formerly vice president
and trust officer of the District National
Bank
Oflcials of the Franklin National
Bank are elated over obtaining more
than the required number of agree
ments from depositors releasing deposits
in connection with reopening the bank
Final details are to be worked out with
Treasury officials as rapidly as possible
with the expectation of getting the
bank open at an early date.
John G. Ghingher, Maryland State
bank commissioner, has approved the
plan Of the Farmers State Bank of En-
mittsburg, providing for a reduction in
the original capital to $4,000 from
$4,000, by issuance to stockholders of
one share for each 10 original shares.
New capital will be raised in the amount
OF $4,000 through issuance of new stock
of $40 par value, making total capital
OF $4,000. Deposits of $50 or less will
be paid in full. Other depositors will
receive 30 per cent of their deposits and
20 per cent in certificates of beneficial
interest.
Today's Trading on Exchange.
Capital Traction opened trading on
the Washington Stock Exchange today.
several small lots changing hands at
10. same as the last previous sale. After
call, Capital Traction SIS also appeared
on the board, two $1,000 sales taking
place a: ASA.
Georgetown Gas Light SIS led the
days business, five consecutive $1,000
sales being recorded. Three were made
at 1888 and the others at 103ls The
days trading closed with three sales
tota!lng 20 shares of Lanston Monotype
moving at IS, price unchanged from the
last previous transaction
Much interest was manifested here
today by stockholders in the Chesa-
peake & Ohio Railway for the five
months ended May 81 which shows net
d,
and sinking fund appropriations. EQUIV
aient after dividend requirements on
6H2 per cent preferred stock, to sI.o3 a
snare tpar S25) on 7,652,8l3 shares Of
common stock This compares with
S775O,256 or 81 l0l a common share in
a1rst five months of 1892
May net income was 50 039 ,504 after
taxes charges. etc, against net income
OF 81 $685. sos in May 1882.
Comment in Financial District.
Secretary Woodin reports that
tenders for the latest S100, 900 900 issue
OF 9l-oay Treasury bills totaled S24O
273,000 Of which S10l ,36l 900 were ac
cepted
Although it does not expect business
TO continue at its current pace. the
Alexander Hamilton Institute looks for
no severe setback in the forward prog
ress OF business during the Summer
months.
Louis NJ Howe, secretary to President
Roosevelt, said over the radio that 80
per cent of deposits in the banks be-
fore the banking moratorium are now
available to the public
Wholesale commodity prices, as
Judged by the index OF the National
Fertilizer Association, advanced five
fractional points for the week ended
June II to 6l.2.
Stockholders of Fox Film Corporation
will vote upon plans for the reorganiza-
ton Of the company at a special meet
ing to be held this Summer. 1t is
probable that the annual meeting OF
stockholders set for June 20 will be
adiournsd.