Evening star., 1935-11-29

X
up can now be Il
obtained by in A -
dividuals, t lis p.nh.r,
service having
been taken advantage of by many
people patronizing the branch. The
office, of course, offers all other types
of banking service.
Francis E. Robey, assistant cashier,
Is manager of the branch. The ad-
yisory board consists of A. E. Giegen-
gack, public printer Of the United
States; William M. Mooney, post
master of the District of Columbia;
Leo A. Rover, former. United States
district attorney for the District Of
Columbia, and Thomas j. Groom, vice
president and cashier of the bank.
Emergency Credit Paid Off.
Progress in the liquidation of the
Government-owned Regional Agricul-
tural Credit Corps. has progressed to
the point where they are retiring
S4,500,0O0 Of their $44,500, 900 of stock,
w. I. Myers, governor of the Farm
Credit Administration, announced to-
day. These IL corporations, with %
branch Offices, loaned $304, ,000, 900 and
have now liquidated over "a per cent
of their loans, leaving less than $48,-
100000 outstanding.
Set up by the Government in 1882
to make crop production and live stock
loans to farmers, with funds obtained
form the Reconstruction Finance
Corp, the corporations had outstand-
ing at the peak in August, 1888, in
short-term loans over $158,000,000.
Since May, 1884, the production
credit associations have purchased
from the regional agricultural credit
corporations loans aggregating $2l,-
157,554. OF the total amount pur-
chased only $3,434,737 is outstanding.
Interest collections on Federal land
bank loans went over the top during
October with S5,830,00O of interest COL
lected during the month, compared to
S5,6l1,0 of interest which matured
in that month, according to figures
released today by the Farm Credit
Administration.
EfA1bIIOuSu l. Tile 4dA scoI pCISClltdSC III
crease Is in the Columbia district, the
largest dollar amount of interest pay
ments was in the st. Paul district,
where $1,026, 900 was collected, being
125 per cent of October interest ma
turtles. --
l. b. A. Committee Named.
: The list of regional committeeman,
who are members of the Investment
Bankers Association, named to CO.
operate with the Securities and Ex-
change Commission in working out
regulations for over-the-counter trans
actions and other investment problems,
includes several investment dealers in
this territory. The committee was
named by B. Howell Griswold, chair
man, and Frank L. Scheffey, director
of the associations Conference Com
lnittee.
The group for the Southeastern dis
trict, which takes in Maryland, Vir-
sinia, West Virginia, the Carolinas
and the District of Columbia, includes:
Yelveton E. Booker, chairman, of Y.
Z. Booker & Co.; Miles H. Quail of
Y. E. Booker g. Co., Washington;
Oscar Burnett of Oscar Burnett & Co.,
Greensboro, N. c.; Walter S. Robert
son of Scott g. Stringfellow, Rich
pnond, Va; James S. Whedbee OF
Jenkins, Whedbee & Poe, Baltimore,
and Ellicott H. Worthington Of w. w.
LanaIlan & Co., also of Baltimore.
Fleming's Address Awaited.
The address Of Robert v. Fleming
before the New York Chamber of
Commerce is expected to throw
further light on the attitude of the
banking world toward current eco
nomic conditions, Gotham reports
state. Many New York bank exec
utives are planning to attend the
meeting at noon on December S.
The Western Maryland Railway re-
ports 10 months net income equal
to 1921 a share on 177,420 shares of
z per cent first preferred stock on
which no dividends have been paid,
against $4.53 a share in the like
1884 period.
The Virginian Railway reports 10
months net income as equal, after
preferred dividends, to $614 a share
on the common stock, against SAT-
in the same period in 1884.
The latest Pennsylvania Railroad
report shows 10 months operating in
come as ,$57,472, ,o93, compared with
s53,730,439 last year, also marked i'm
provement in October.
Bank Reports Reprinted.
The Star has repl inted in pamphlet
form reports of condition of the Wash
ington banks and trust companies as
of the close of business November l.,
1885. The statements appeared shortly
after the controllers last call, when
the banks here reported the largest
deposits on record. The information
contained in the pamphlet gives a
complete picture OF the banking Sit
uation in the Capital, revealing these
institutions in excellent condition.
MergenthaIer Goes Higher.
Mergenthaler Linotype stock made
q further gain on the Washington
Stock Exchange today, small sales
being recorded at IS. The final bid
was IS, with 351a asked.
Potomac Electric Power per cent
preferred sold at Ito today at the
opening. Later single share brought
100. The days largest sale was a
50-share lot in Washington Railway
g. Electric preferred at l08, ex-divi-
dend. The bid on the common re-
mains at $500 share, with $500 asked.
There was another transfer In Riggs
National Bank common, six shares
changing ownership at 2l0, unchanged.