Evening star., 1935-12-13

November figures preliminary. In
most cities the month had the same
number of business days this year and
last year, but in November this year
there were five Saturdays as COM
pared with four year ago.
d. C. Bank CIearings Higher.
Bank clearings in the Capital for
the week ended December II totaled
$21, 1,139, ,039, gain of 30.4 per cent
over the corresponding week a year
ago, the Washington Clearing House
reports. Clearings were also per
cent above the previous week. This
compared with gain of only n per
cent in % leading cities all over the
United States against the like period
o year ago.
Corporation Counsel E. Barrett
Prettyman and Henry P. Seidermann
of the Brookings Institute addressed
the quarterly meeting of the District
of Columbia Institute of Certified Pub
lie Accountants at the Hay-AdamS
House last evening on the social Sc
curity act. President Harold C. Ad-
derson presided at a round-table dis
cusSion on the same subject.
The Federal Reserve Bank of Rich
mond notified banks today that the
Treasury is asking tenders on $780,
100000 273-day Treasury bills, to be
dated December 1G and sold on dis
count basis.
Secretary Morgenthau announces
that Uncle Sans latest gift to the
public-a 81 silver certificate-will be
obtainable at most banks by next
Wednesday, December ID.
Virginia Firms Assets Gain.
The consolidated balance sheet of
Virginia Electric & Power Co., and
subsidiaries as of September 80, 1885,
shows total assets of $81 1853, as
compared with S81 1924, $40 on Decem-
ber 81, 1884. Cash as of September 80
last, amounted to $1,637,658, against
S1,3O8,774 at close of 1884 year. Earned
surplus was $6.185. 600, comparing with
$5,OO4,333 on December 81, 1884, while
capital surplus remained unchanged
at $299.136.
Trustees of the Third National Bank
of CheStertown, Nd will pay an initial
dividend Of 10 per cent to holders of
certificates of participation in the
assets of the institution on December
16, according to Donald F. STAN,
chairman.
Robert o. Bunnell, president of the
Morris Plan Bank of Baltimore, has
been elected a director in the Union
Trust Co. of Maryland. He is well
known in Washington
Five insured banks have closed since
November IS, according to the records
Of the Federal Deposit Insurance Corp.
They we're located in Texas, Wiscon-
son, Michigan and Missouri.
T0day's Trading on Exchange.
B siness on the Washington Stock
Exchange today opened with two
$1,000 sales in City g. Suburban IS at
SO. Washington Gas IS, series B,
moved at 1922 and Chevy Chase Club
512s came out on two $1,000 sales at
1071k. It was the first time these
bonds had appeared on the board in
long time.
In the stock division Washington
Railway g. Electric preferred figured
in three 10 and a five share sale at
10s. Potomac Electric Power 512 per
cent preferred brought 114A on a
small-lot transfer.
Riggs National Bank common stock
appeared on the board again today,
two shares selling at 210 and five more
at 209. This stock has recently led
all the bank stocks in activity, appear
ing on the board most every day.
The Lincoln National Bank directors
have declared a semi-annual dividend
of az per cent and special dividend
of IA per cent on the outstanding
stock, both payable January to stock
holders Of record December 20.