Evening star., 1933-01-04
December 81, 1882.


Security Savings & Conn.,. 5,3l1 ,I1o.UO
Seventh Street Savings. 1856, 5S2 W
United States Savings. 2,16I,0I6.o9
Washington Mechanics E. 2,416,39OO w
McLachlen Bank ......... 1,985 ,698 W
Mount Vernon Savings. 2,fl9,oS4'ou
Second National .......,..'' o,ooo,1of
Controller Awaits call finds Wash
tngton banks in an unusually liquid con-
dition and, of course, the usual var1a-
tions in deposits are noted. There are
ALWAYS Withdrawals around Christmas
time Much of this money finds its way
back into the banks early in January
as the last quarter dividends come IN
Bankers here and elsewhere report a
growing interest in the savings depart
ments. To many f1nanciers 1t looks as
If the coming year would be eXceptlonai
for thrift. If this belief proves true,
such a trend will be constantly revealed
in bank deposits.
Trust Advertising Increases.
Marked increases In the amount of
money to be spent in 1888 on adver-
tising for trust, services by banks and
trust companies are found by Francis h.
Sisson, president Of the American Bank
ers Association in the results OF sur
vey of the plans of those institutions
conducted by the trust division OF the
association.
''The outlook for trust business in
1888 is the best in three years." stated
Mr.. Sisson. There are definite rea-
sons on which to base this optimistic
outlook. There are tangible signs that
point in this direction. The expert
ences of the past three years have made
a great many people doubt their own
ability to select sound investments. Be-
cause Of these experiences they are
turning to conservative, well equipped
trust Institutions to perform this type
of service through trust funds
Trust Pays Thirty-third Dividend.
Quarterly dividend checks and reports
have been mailed to 16,243 shareholders
of Massachusetts, Investors Trust, rep
resenting payments Of 20 cents per
share on 951,298 shares of record De-
cember Is.
This payment compares with 81 cents
paid in each Of the two preceding quar-
ters, all fully earned. It is the thirty
third consecutive oua-%7rly cash dis
bursement of the trust. 1t was paid to
the largest number of shareholders, on
the largest number Of outstanding
shares, in the trusts history.
The quarterly report shows the trust
shares Of common stock Of II American
corporations, all of which are paying
dividends, according to A. S. Goulden
G. Co., in the Woodward Building.
Investment Firm Elects Officers.
Directors of Firemen's Insurance Co.
of Washington and Georgetown held
their meeting of organization yesterday
and reelected all of the officers. They
are: William M. Hoffman, president;
Albert w. Howard, vice president and
secretary; Edward C. Baltz, vice presi-
dent; James N. Fitzpatrick, jr., assistant
secretary.
At their annual meeting the stock
holders reelected all directors as fol-
lows: Edward c. BaltZ. Millard T.
Dixon, Leroy Gaddis, jr.; Parke A.
Galieher, William A. Hettinger, William
M. Hoffman, J. Logan Hopkins, Albert
w Howard, Charles H. Kindle, John H.
Snyder, Schuyler S. Symons. Albert w.
Walker, James M. Woodward.
This company Is one Of the Oldest in
Washington, its charter being dated
1887 President Hoffman Of the COM
pany completed 40 years Of service with
it last June, having entered its employ
on June II, 1892.
Today's Trading on Exchange.
Trading was more active ON the
Washington Stock Exchange today than
on the opening business day OF the
year. The market opened with $1,000
Potomac Electric Power Consolidated
IS changing hands at 10434.
Potomac Electric Power 512 per cent
preferred figured in seven small-lot
sales, totaling 48 shares, at 10S. The
days sales reached so shares, as two
more sold at 10712.
Capital Traction stock was out again
today. two 1o-share lots moving at II.
Capital Traction SIS recorded $500 sale
at SLY, the same as the last previous
sale.
washington Railway g. Electric is
also appeared on the board, $500 NOV
ing at S912.
American Security g. Trust and Union
Trust are the only local stocks now
being quoted eX-dividend. Both these
banks pay dividends in a few days.
Christmas Clubs Close Tomorrow.
Memberships in the 1888 Christmas
Savings Clubs in the local banks will
be closed tomorrow. These clubs have
been open since December /. For the
first few days the memberships poured
in and it looked like much larger total
of members and amounts subscribed
than last year More recently Christ
expenses have slowed up the Christmas
savings campaign somewhat
If last years all-tine thrift record is
1aS 1vFA 1Yrhc EaF llyaT-~