Evening star., 1939-10-24

Ger, Riggs National Bank, secretary:
j. Wesley Clampitt, jr., assistant
trust officer, Union Trust Co., and
Aubrey o. Dooley, assistant trust
officer, Hamilton National Bank.
The October dinner meeting will
take place at the Mayflower Hotel
Thursday evening, w. L. Forster,
Hamilton National Bank, being the
speaker, on Investments" Mr..
Forster is one of the vice presidents
of the Hamilton Bank and has had
wide experience with trust invest
ments. A Harvard graduate, ne OBJ
tanned his first banking experience
with the Guaranty Trust Co.
New Potomac Power Record.
The weekly electric output record
established by the Potomac Electric
Power Co. in June was exceeded by
three different weekly records in
August, James F. Fogarty, president
of the North American Co., reports
in his quarterly letter.
Building operations in the Dis
trict of Columbia and adjacent
Maryland and Virginia have con-
tlnued at high rate, rejecting gen.
eral business activity. Installation
of electric refrigerators during the
period was 81 per cent greater
than in the third quarter of 1898,
Mr.. Fogarty stated
Total power and lighting loads of
20 kilowattS or more added in the
third quarter amounted to 8720
kilowatts, more than double that
added a year ago. The capacity of
the Potomac system will be increased
to 305,0O0 kilowatts when the new
steam electric generator is installed
at Buzzards Point, late in 1910, the
report adds.
Construction Figures Soar.
Cumulative building operations in
the fifth Reserve district in the first
nine months of this year were in
excess of the total for the full year
1888, the Richmond Reserve Bank
announces, amounting to $91 $780,
608, against $65, ,l09, ,426 for the like
1888 period. This is a gain of $26,-
127,182.
September volume in the fifth
district was S7,765. $780, as compared
with S10,030.113 in the corresponding
month year ago, the Richmond
bank reports.
The Richmond bank says mer-
chants are preparing for a heavy
retail trade from now to the end
of the year and hundreds of extra
workers will be taken on prior to
Thanksgiving.
Meanwhile, the trade volume con-
tinues to run ahead of last year.
Heard in Financial District.
Marshall R. Diggs, formerly with
the Federal Deposit Insurance Corp.
and later deputy controller of the
currency. is soon to open law
Office in the Capital, it is reported
in the financial district.
The Postal Savings System now
has 2.7OO.O0O depositors. with bal
ances to their credit of 81 ,262 900 900,
Postmaster General Farley reports.
Sidney F. Taliaferro, vice presi-
dent and trust officer OF the Riggs
National Bank, was back at the
bank today after attending the
A. B. A. convention in Seattle. He
was the last financier to get home,
having returned by way of the Pan
anna Canal after stops In San
Francisco and Los Angeles.
Ten shares of Liberty National
Bank stock sold at ITS on the Wash
ington exchange today. In yester-
days trading three shares OF Ma
tional Savings g. Trust stock ap-
peared on the board at ITS, the
exact same figure.
Anacostia g. Potomac guaranteed
IS sold today at 112 on a $1,000
transfer and at 1922 on a $4,000
turnover. Railway a. Electric pre-
terred stock also moved at ll2h.