Evening star., 1938-11-14
d. {. Bank Stocks Hold iiln.


d. {. Bank Stocks Hold Firm.
Latest quotations on Washington
bank stocks which are sold over the
counter, reveal that these issues
are holding firm, with very few
changes either way. Some Of the
latest quotations.:
Anacostia Bank, 80 bid: Colum-
bia National 2l8 bio; City Bank,
TIA bid. East Washington Say
ings, IA bid and Is asked; Hamilton
National, 27'2 bid and so asked:
Munsey Trust Co, nominal bid, so
and offered at 95, National Metro
politan, 24O bid and 500 asked; Sec
ond National. so bid and offered
at so.
The bid for Union TruS. CO. "tOc'-
recently advanced suddenly to 90
and the asked price jumped to
100. Tie report Shows that Ma
tional Metropolitan Is nov scll4nG
the highest OF any 0. tas,c bank
stocks. With Columoi2 National
standing second in the list.
In the case OF some Of the stock.
there is a wide spread between the
bid and asked prices. WITH very
little stock to be haG.
Insurance Agency Honored.
The Washington agency OF the
Provident Mutual Life Insurance Co.
has been awarded a cup by President
M. A. Linton in recognition Of the
agency's fine record during october
IN which it produced 134 per cent Of
its quota of new business and led
all agencies OF its class, General
Agent Harold D. Kraft reports.
The report OF Virginia Public
Service Co. and subsidiaries for u
months ended September 80, 1888,
shows net income of S653968 after
provision for ro.lTements, FEDERAL
income taxes interest amortization.
etc. comparing with S997.l67 in II
months ended September 30, 1887.
Home mortgage insurance busi-
ness Of the Federal Housing Admin
istration in october was nearly
double the volume the 1897 month
and only slightly below September,
1888. The total gross business
transacted under the small homes
insurance program since the F. H. A.
was established in 1894 passed the
$4,000, 900 600 mark last month.
The SO quarterly dividend voted on
Washington Railway & Electric COM
mon stock is to be paid on November
so to shareholders of record Novem-
her IS and the regular quarterly
dividend of Sl25 on the preferred
will be paid at the same time.
School Savings Reveal Drop.
A total of sl3,625 ,503 was deposited
IN school savings by 2753692 school
children in 8463 schools during the
year ended June 30 1888, according
to reports MADE to The Savings Di-
vision Of the American Bankers As
sociation by w Espey Alblg. secre-
tary of the division OF this amount,
S3.240460 remained on deposit at
the close of the year. the reports
reveal, which is a decrease Of ST.
420,372 or 80 per cent in net savings
over the previous year. Total de-
posts decreased S433 281 or 3 per
cent and total number of partici-
pants decreased SO 564 or per cent
decreased 55l or per cent. The
decrease was attributed to the eff
tects Of the depression bv Mr Albig.
Heard in Financial District.
Avon NJ. NeviuS, one of the vice
presidents of the Riggs National
Bank. was back at his desk today
after a months S vacation in Florida.
He spent good deal of time on
yachting cruise,
Albert L. Williams. sales repre-
sentative of the Washington Office
Of International Business Machines
Corp. has Joined the 1888 100 pcr
cent sales club. it was announced
today. The reward is a trip to the
1899 Worlds Fair in New York.
The company will also pay the ex-
penses of the wives Of the members.
The annual convention of the
United States Building & Loan
League opens tomorrow in Chicago.
The last of the Washington dele
gates will leave here late today,
including E, c. Baltz, national presi-
dent.
Francis M. Law, who was presi-
dent of the American Bankers Asso-
ciatlon when the convention was
held in Washington three years ago,
is chairman Of the Houston COM
mlttee which greeted the bankers
to that city today.
General Motors stock was quoted
ex-dividend today, the 75-cent dis
bursement to be made on Deem
ber IL.
Gas Stock Hits New 1888 Top.
Washington Gas Light preferred
stock reached another new 1893 high
mark when 10 shares sold at 103 on
the Washington Stock Exchange
today This followed 50-share sale
Saturday at 102. The market closed
with 1922 bid for the stock and none
offered at any price.
The highest income PAYERS in the