Evening star., 1938-04-07


.,s;. ,, n h street
NV. moving 6
shortly thereafter to its present loca-
ton on the northeast corner of Ninth
and G streets. where it has been reces-
sary to remodel and enlarge the bank
five times to take care of increased
business. In 1927, in order to keep
pace with the city's growth, an uptown
office was established at 1913 K street,
known as their K street branch.
Col. Julius I. Peyser was the first
president, in which Office he served
until 1880 when he became chairman
OF the board, and Francis G. Addison,
Jr,, who had been with the bank as
vice president since 1920, became presi-
dent. Fred Mckee, one of the found
ers, has held the office of vice president
since the banks organization. The
other officers are:
I. Hunton Leith, cashier; J. Han
son Beall, assistant cashier John o.
Lehman, assistant cashier: Joseph l..
SIMPLIFY, assistant cashier, and Charles
K. West. assistant cashier and man.
Francis G, Addison, lr; Dion S. Bir-
nPy, Samuel S. Blick. Francis A.
Blundon, James A Councillor Diller F.
Croft. Benjamin H. Gruver Rudolph
T. Harrell, George E. Judd. T. Hunton
Ielth, Fred Mckee. Benjamin Ouris-
man. Julius I. Peyser, Stacy M Reed,
Morris Simon, William w. Spalding
and judge Milton Strasburger.
During the past month the directors.
officers and employees have engaged in
silver anniversary campaign for new
business their objective being 500 new
accounts. In this effort they more
than doubled their original quota AS
a climax to this campaign. the direc-
tors, officers and employees are to be
the guests of the bank at a silver
anniversary dinner and dance to be
held this evening at the Washington
Golf and Country Club.
Post Office Receipts Drop.
In line with retarded business con-
ditions prevailing in March, receipts
at the City Post Office showed a falling
off. 1t was reported today that postal
receipts totaled s637,945 0l. a decrease
from the returns fer March, 1887, Of
s48,00l,72. or 500 per cent.
Last year saw very heavy Easter
trade in Washington during March.
postal receipts revealing the effect of
this fine situation. At that time gen.
eral business was also moving along
at lively clip.
This year March conditions we're in
reverse gear. Post Office officials
however, look for different results in
April. With the bulk of the Easter
trade due this month, receipts should
turn upward and possibly surpass the
record made in April, 1887.
While the March figures were lower
than last year, they were above 1886
and other previous years by sub
stantial margin
Real Estate Bonds Steady.
Real estate bonds have held up con-
siderahly better than most other types
of securities in face OF the substantial
market declines that occurred in the
first quarter of 1888. according to the
Real Estate Bond Index covering $50
Eastern realty issues prepared by Burr
g. Co., Inc, New York
According to the index the average
bid price for these $50 realty issues
mas declined by only 1i2 per cent in
the three months period.
The realty bond market showed fair
stable during February, but declined
during March an average of % points
per issue from the March average of
Ali to the March 81 figure of 389.
Bank Women Elect Officers.
Miss Mildred Woodcock was elected
president of the Bank Women's Club
at the annual meeting recently. Miss
Woodcock is in charge of the book
keeping department of the American
Security g. Trust Co. Other officers
follow:
Miss Katharine McCalmont of w.
B. Hibbs g. Co., vice president; Mrs.
Gertrude Wick, Liberty National
Bank, recording secretary; Miss Jane
Kennedy. Riggs National Bank, cor
responding secretary; Miss Doris Stro-
bel, Treasury Department, treasurer,
and Miss Helen Healy, National
Savings & Tust Co., historian.
Those elected to the Board of Gov
ernors include Miss S. Winifred Bur-
well, National Metropolitan; Miss
Mary Craven, Hamilton National:
Miss Frances Nagel. Riggs National;
Miss Eleanor Dankmeyer of Security
Savings g. Commercial, Miss Eleanor
Watkins, First National Bank of Alex
andria, and Mrs. Marie seltzer.
Trust Company Votes Dividend.
Directors of the Washington Loan
& Trust Co. declared a quarterly divi-
dend of per cent on the outstanding
stock at the April meeting yesterday,
President Harry G. Meem announced
today. The dividend will be paid on
May 2 to stockholders of record
April %.
Sales of Peoples Drug Stores In
March totaled S1,770,184, against
$l,877,063 in the same month last
year, decrease of s1o6,879, or 81
per cent. Sales in the first three
months of this year amounted to
$5,l80,004, compared with $5,422, 766
a year ago. decrease of $242, 1852. or
As per cent. Sales in the previous
month showed exactly the same as
percentage decrease from February,
1887. reports show.
Today's Trading on Exchange.
Washington Gas Light preferred
stock sold at SO on the Washington
Stock Exchange today, off a point
from the last sale last week. Mer-
genthaler Linotype, which gained 2
points yesterday, was quiet today with
2l bid and % asked Other bid and
asked prices were practically un-
changed.
Thomas J. Groom, president of the
District Bankers Association, reports
that there was further increase last
week in the number of applications
for housing modernization loans under
Title of the Federal housing act. It
was the best week since the present
move was instigated to increase the
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