Evening star., 1940-02-16
Book Values Of D. {.
Bank Stocks Show
Gains in Year
Commerce & Sovinqs
Ranks First With
$42S q Share
By EDWARD C. STONE.

based on condition reports rendered
the controller of the currency, al
Of December 81, 1899.
Information distributed IN the
financial district by Johnston, Lemon
g. Co., shows that Bank of Com
merce g. Savings stock now has the
highest book value of any bank in
the city, $42844 share, an increase
of $3252 during the year.
Anacostia Bank rates second In
the list, 1898. 40 per share, Jump OF
1898 for the year. Third in the list
stands the Washington Loan &
Trust Co., with a book value OF
$36511 share. aided by an increase
of s6.77 in 1899. -.
Columbia National Bank holds
fourth place, the book value being
$348.51 per share, gain of $3.50
National Savings g. Trust Co. comes
next, with $335.10 per share, an in
crease of $10.51 for the year. Very
close in book values are the Lin
coin National, standing at $333.81
after a gain of $l919 per share, and
the National Metropolitan, register
ing $33369 on gain of s8.37.
Values of Other Bank Stocks.
The book value of Riggs National
stock is placed at $286.20 a share.
with an increase last year of $16.69.
American Security g. Trust Co. stock
has a value of $259.34 per share, an
increase of $733. Security Savings
& Commercial stock is valued at
$24727, which includes a gain last
year of $1743. National Capital
Bank book value stands at $205.54,
up $5.32 in the year.
Liberty National stock is valued
at $19672 per share, gain of $10.12;
National Bank of Washington at
s176.38, rise of 81 AZ; Munsey Trust
Co., $l7259, with a gain of S1.88;
Union Trust Co., $144.O5. with a
$3.50 pickup; McLachlen Bank,
S129.43, with an increase of $12.78;
Second National, $124.05, and a gain
OF s6O5.
Other book values include the
Bank of Bethesda at $4352 per
share, a gain of $5.37; City Bank,
S3041 per share, with a gain OF
s431: East Washington Savings
Bank, $25.97, up II cents; Hamilton
National, $42.59, an increase of $3.49;
Industrial Bank of Washington,
e22 so, up Sill; Morris Plan Bank,
1882, a rise of $5.36 in the year,
and the Prince Georges Bank g.
Trust Co., $30.06 per share, $1.16
higher than year ago. The analysis
shows that every bank in the
list made at least some gain in
book value during the year.
535 Loans Made in Month.
Despite weather conditions during
the last month that materially
slowed up loans on construction the
January 81 report of F. Wilson
Camp, secretary of the District Of
Columbia Building and Loan League,
reflected a gain of over 400 900 in
resources as compared with the De-
cember 81 figures. Total assets of
the q associations in Washington
now stand at $142,810,325, of which
nearly $134 100000 is in mortgage
loans. Surplus accounts of the
groups moved to $9,931 900, which
represents a new high.
New share accounts opened with
the associations in January num-
bered 1874, while an aggregate of
535 loans were granted APPLICANTS.
These advances, aggregating $2,715,-
600, were little under loans made
in December, Mr.. Camp said. AL
though cash on hand increased ST.
100000, early spring building activ-
ity is expected to absorb these funds,
officials expecting a continued up
ward movement.
1t was announced last night that
Carl j. Bergmann, treasurer of
Washington Permanent Building
Association, will attend the mid
winter meeting of the directors of
the United States Savings and Loan
League in Chicago next Monday.
He represents II Southeastern
States and the District of Columbia.
Bank Stock Rights Expire.
Subscription rights enabling pres
ent stockholders of the Second Ma
tional Bank to purchase their pro
rata share of the new common stock
that is to be issued, in accordance
with the action of the annual meet
ing of the shareholders of the bank
held last January, expired yester-
day.
Over 95 per cent of the stock was
actually subscribed for, according to
a statement made by President John
A. Reilly today. The few remaining
shares will be allotted by the Board
Of Directors of the bank at its next
meetlnL
When the subscription is COM
pleted the proceeds will be used to
retire the remaining preferred stock.
Junior Bankers to Debate.
Washington Chapter, American
Institute of Banking, will hold it's
annual public-speaking contest in
the chapter room in the American
Security & Trust Co. Building on
April II.
Speakers will compete for the
Bank Presidents Cup and also the
right to represent the chapter in the
A. P. Giannini national public
speaking contest. Contestants will
deliver 6-minute prepared talk on
chartered Banking-Its Right to
Exist" and. in addition, will give a
3-minute extemporaneous talk.
Stephen O. Porter is chairman of
the committee in charge of arrange
ments.
Heard in Financial District.
zone of the best meetings yet
held" was the comment of about
20 Washington bankers on the 29th
midwinter trust conference in New
York which ended last night with
the annual banquet. The banquet
speaker was Fitzgerald Hail. presi-
dent of the Nashville, Chattanooga
& st. Louis Railway, who spoke on
Democracy"
Anacostia e. Potomac R. R. SIS sold
at 101 IN tho WocI,iputov, Cfo,L