Evening star., 1939-06-28

III MAY d yedl dSO, oil CICdoC VI
5,379,584, or gain of $40 per cent.
Kilowatt hour sales in the District
in the first five months of this year
were not only higher than year
ago but the highest on record for
the same five months in any year.
In January sales were the highest
on record and in every other month
were above the 100000 mark.
Kilowatt hour sales in the first
five months of 1889 compare as fol-
lows with the corresponding months
a year ago, at the same time proving
beyond a doubt that the first half
years sales will far surpass the first
six months in 1898:
Month. 1899 1888
January ~ 63667 ,180 60,628 ,5l3
February -- 60461 ,416 58,871 1893
March - 61,185,77 57,259 SAB
April - 81 693,1 ,137 57,093 ,290
May - g. ,585 ,972 57,206 1888
Postal receipts, check transactions,
department store sales index and
telephone calls were other barom-
eters which were higher in the Dis
trict in May than in the like period
a year ago. Life insurance sales
were higher in the five months, but
tilted downward in May.
TOday's Trading on Exchange.
On the Washington Stock Ex-
change today Is shares of Security
Storage Co. stock sold at 100.
Washington Gas Light common
again appeared on the board, with
nine shares moving at 80, unchanged
from the last previous sale.
Capital Transit stock figured in
single share sale at IA and single
share of Washington Railway &
Electric preferred brought lis.
National Bank of Washington
stock has been added to the ex-
dividend list, the regular dividend
being payable in few days.
Bank Receiver Moves Office.
On and after Saturday the Office
of John F. Moran, receiver of the
Park Savings Bank, the North Cap
itol Savings Bank, the Department.
al Bank and the Prudential Bank,
will be located at 222 Riggs National
Bank Building, Fourteenth street
and Park road NV. The Bright
wood Bank Building, in which the
receiver has maintained his Offices,
has been sold and alterations are
to be made Immediately. The Bank
of BrightWood was located in the
building for several years. Since
the bank was closed, BrightWood
citizens have made efforts to estab-
lish new bank there. or to get a
downtown bank to open an Office
there, but so far without success.
Liberty Bank Votes Dividend.
Directors of the Liberty National
Bank, at their monthly meeting
yesterday, voted dividend of 50
per share on the outstanding stock,
President M. F. Calman announced
today The dividend will be paid
July Is to stockholders of record
July 7.
At yesterdays meeting of the Dis
trict of Columbia Building & Loan
League, Morton Bodfsh, executive
vice president of the National
League, referred to the gain in as
sets the association members have
scored since 1920. At that time
assets aggregated hardly $l,50O,0O0,-
O00 Today resources are nearly So
O00000,000, he said
Arthur G. Bishop presided at the
meetin, c. Clinton James discussed
legislative matters and II of the
% associations were represented at
the Raleigh Hotel meeting. The
annual outing will be held on July
rs at the Washington Golf and
Country Club. c. Gay Harrell will
handle the golf tournament, Chaplin
Bauman, prizes; Carl j. Bergman,
reservations; Wilfred H. Blanz,
swimming, and R. E. Hotze, dinner
arrangements.
Bank Reports Analysed.
In recent summary of the re-
ports of Washingtons national
banks on March %, 1899, the con-
troller of the currency states that
these banks had demand deposits
IN that date amounting to $121,-
772,00O, time deposits totaling $46,-
992, 900 and deposits of all kinds in
the sum of $199 $4,000. The same
banks had total liabilities, excluding
capital account, of $200,512,OOO.
These institutions carried an ag-
gregate surplus Of $5,902,OOO and
total capital stock amounting to
$8,857, 900 and undivided profits of
$4,582, 900.
On the date of the last call these
banks had commercial and indus
trial loans amounting to $17,601 900
and loans to brokers and dealers in
securities of $30O,0OO On residential
property, other than farm, the
banks had $7,639,OOO. loans of all
kinds totaling $45,9ll 900. Savings
accounts in these national banks
numbered 108 100.
Financial District Comment.
The latest sale of Washington
Gas Light IS, 1860, on the Wash
ington exchange at 1877, was within
half a point of the high for the
year. Even at such a high price
the bonds yield better than 800 per
cent.
Gov. James of Pennsylvania has
vetoed the bill which would have
permitted the closing of banks in
July and August, on the ground
that banks are for the accommoda-
ton of the public, and confusion
and inconvenience would result with
some banks closed and other banks
open.
The Chamber of Commerce of
the State of New York has sent an
attack on the Mead bill to Govern
ment officials, claiming another step
by the Government toward "bu-
reaucratic domination" of both fl
nance and industry. The bill is
called IAN invasion of the legitimate
field of private enterprise"
The Citizens and Southern Bank
OF South Carolina, at Charleston,
has voted the payment to each en-
ploye OF an amount equal to 10 per
cent of his or her salary earned in