Evening star., 1940-07-25
Anacostia Bank Stock
Shows Largest Gain
In Book Value
Increase Of $19.32
A Share Registered IN
For First Half
BY EDWARD c. STONE.

ulOl1Vl1o O4 %AO.O6 q oAA0ACs
Riggs National Bank common
stock stands second, the book value
of $295.72 showing an advance of
$9.52: Security Savings & CONNER
cial rates third, book value Of $256.35
showing an upturn of $9.08; while
Lincoln National Bank holds fourth
place, book value of $34252 being
up $87l in the six months.
According to the mid-year supple
ment to the Manual of Washington
Bank Stocks, compiled by Johnston,
Lemon g. Co., and now being dis
tributed in the financial district,
Bank of Commerce g. Savings comes
fifth in the list, book value of $436.71
showing a rise of 1927. National
Metropolitan, with book value of
$339.72, has enjoyed a gain of $6.03.
The survey places the present book
value of American Security & Trust
stock at $26l.11, up SLIT; Bank of
Bethesda, SAT SO, up SAT-; City Bank
of Washington, $3197, a gain of
$l.56; Columbia National, $353.69, an
advance of $5.18, and East Washing
ton Savings Bank, $26.16, a rise Of
19 cents in the six months.
Other Banks Reveal Gains.
Hamilton National, the survey
shows, has book value of $43.26, a
gain of 67 cents: Industrial Bank,
S23.74, up $124; Liberty National,
Sl9S.47, up SITS; Morris Plan Bank,
S42, up $348; Munsey Trust Co.,
S17320, up 81 cents; National Capt.
tai Bank, $20873, up $3.19.
The National Bank of Washington
reports a book value of $177.03, up IS
cents; National Savings g. Trust,
$33796, up s286; Prince Georges
Bank g. Trust Co., $31, up 81 cents;
Union Trust, $145.82, a gain of SLIT.
McLachlen Banking Corp. has a
book value of $128.63, down 80 cents;
Washington Loan & Trust, $364.90,
off 81 cents, and Second National,
S12146, which is also not quite up to
the December 81 figure.
During the half year the banks
made an excellent dividend record.
The survey shows dividends dis
bursed up to and including July /.
The Lincoln National, with $40
payment. heads the list; the Bank of
Commerce & Savings has paid $3.50;
American Security, National Bank
of Washington, Riggs National and
Washington Loan &, Trust have paid
Sc each. Several other banks have
included extras with the regular dis
bursements.
ID. C. Store Collections Lag.
OF bills due Washington depart
ment stores at the beginning of June,
2S.5 per cent were collected during
the month, compared with 3O.1 per
cent for the whole Fifth District,
the Reserve Bank of Richmond re-
ported today. In Richmond, 32.1
per cent of the outstanding bills were
paid and in Baltimore, 1922 per cent.
Washington stores had IL per cent
more goods on hand at the end of
June this year than a year ago, the
report said. but stocks were per
cent lower than at the end of May
this year. The average drop for
the whole district was 83 per cent
AS noted, retail sales in June in
Washington were SO per cent better
than last year and up 5.3 per cent
in the half year.
Hardisty Given Promotion.
j. E. McCombs, general agent of
the Berkshire Life Insurance Co.,
announced today that E. Leslie Har-
disty has been appointed sales pro-
motion manager Of the Washington
agency.
Mr.. Hardisty started in the life
insurance business with the Berk-
shire and has never been with any
other company. For the past five
years he has been supervisor and
assistant to the agency manager.
The company's business in the first
half year was % per cent ahead of
the corresponding months in 1899.
The Washington agency stood sixth
in the country In new business OBJ
tanned during that period.
Financial District Gossip.
William NICK. Martin, jr., presi-
dent of the New York Stock Ex-
change was expected in the Capital
today for a conference with Chair
man Jerome N. Frank of the Sc
curities and Exchange Commission,
on various Exchange matters.
William B. Willard, vice president
of the National Security e. Trust
Co., is passing his vacation at Wal
pole. N. H.
William B. Mailer, jr., assistant
cashier of the City Bank and chair
man of the auditors section of the
District Bankers Association, is on
his vacation, visiting various
beaches.
Frank w. Lee, vice president of
the City Bank, is on motor trip
through New England, and A. l..
Offenbacher, assistant manager of
the City Banks Georgia avenue
branch, is also on vacation.
Fred Mckee, vice president of
the Security Savings g. Commercial
Bank, and J. o. Lehman, an assist
ant cashier, are on their vacations.
Robert E. Briggs, assistant cashier
OF the National Metropolitan Bank.
is passing his vacation at Bethany
Beach.
Heavy Trade on Exchange.
Trading on the Washington Stock
Exchange today was the heaviest
in many sessions. Business opened
with four 81 1000 sales in Anacostia
e. Potomac SIS at 1924.
Capital Traction IS were again
in demand, opening with two 81 900
transfers at 1O2, followed later by
a 5000 sale at the same price.
Mergenthaler Linotype sold to the
extent of Is shares at Is: Washing
ton Gas common registered a 90
share. sale at PAY, and a single
share of Bank of Bethesda stock
moved at 80.
James Parker Nolan has returned
from Chicago from the meeting of
the Advisory Council and Board of