Evening star. [volume] (Washington, D.C.) 1854-1972, 1937-04-14

r. AA4S~s-
Ing of the stock
holders directors elected were Walter
X Bachrach, M. H. Buckingham, Mr..
6urton, Fred Hewitt, Mr. Hickman
William F. Kelly, Mr. Lee, Mr.. Offutt,
Lewis II. Phelps, Edward L. Pickford
y. B. Prewitt and DR., j. Chester Pvles,
President Burton reported that real
progress had been made during the
past year, deposits on the controllers
last call, March 81, having been more
than s76OO,oO0.
Loans under Title I of the Federal
housing act proved both popular and
prontable, the bank having made
sl,o75000 in loans for housing inn
proVement purposes.
although such loans are no longer
guaranteed by the Government. the
City Bank will continue to extend this
service to patrons, President Burton
announced.
Bank Stock Jumps 30 Points.
Sale of 10 shares of National Saw
ing & Trust Co. stock at 165 on the
Washington Stock Exchange yester-
day revealed an advance of 30 points
an the price since the last previous
sale. 1t was the first sale in this
issue on the exchange this year. 1t
closed with $50 bid and ITO asked.
The strength maintained in Ma
tlonal Savings stock for several
months has often been the subject of
comment in the financial district.
While the stock has paid no dividend
since the bank holiday, yet the quota
lions have been steadily working
higher. The low for 1886 was 100
and the high mark 1875. In selling
now at 165 the stock is up IS points
from the bottom price last year, a
substantial advance for a bank stock,
or any other for that matter.
April Trade Unusually Good.
April trade in the fifth Federal
Reserve district, including Washing
Ton, has been unusually good, the Re-
serve Bank of Richmond observes.
preliminary reports On wholesale VOL
ume indicate that all five lines will
reveal substantial increases in the
early part Of April over the like period
a year ago.
Building supply houses report the
biggest volume in several years. Elec-
trio output in the fifth district is
making new records, indicating in
creased Industrial activity. In fact
the district, with the exception of one
rayon factory and the soft coal area.
is going ahead rapidly, latest reports
disclose
80 Directors Are Reelected.
Stockholders of Southeastern Indus
trial Bankers, Inc, held their annual
meeting at 1407 K street yesterday
afternoon and reelected the 80 direc-
tors who served the company last year.
After the stockholders meeting the
board reelected the following officers
for the coming year:
c. M. Eisele, president; M. w.
Bohrer, vice president; Lewis Eisele,
vice president and treasurer; Harry j.
Donoghue, vice president and secre-
tary, and Paul H. Chesley, assistant
secretary and assistant treasurer.
Heard in Financial District.
Notices have been posted in the
local brokerage Offices stating that the
New York Stock Exchange will 20 onto
daylight saving time Monday, April
Is. All the big markets will then open
at o'clock and close an hour earlier
in the afternoon.
The Executive Council of the Ameri-
can Bankers Association will open the
Spring meeting at Hot Springs, Ark,
next Monday.
Today's Trading on Exchange.
Mergenthaler Linotype sold at
46& on the Washington Stock Elk
change today, showing little more
strength. Liberty National Bank stock
came out at $50 and Railway g. Elec-
stric preferred at l081a. Anacostia &
Potomac r. r. first IS moved at rs.
Capital Traction SIS at 80 and Rail-
way & Electric Is at los.