Evening star., 1940-07-22
West End Office
Of Trust Company
Being Enlarged
Washington Loon
Plans Mean Much
More Office Space
BY EDWARD C. STONE.

~
G street side.
This will make possible moving
the present cages back Is feet and
allow a substantial increase in lobby
space. The new space will be greatly
appreciated by the patrons, espe-
cially on Government pay days.
The vault is to be moved from
the street floor to the basement.
This change will give safe deposit
patrons much more space. Several
other changes will be worked out
when the annex is ready for occu-
pancy.
Harry G. Meem is president of the
Washington Loan & Trust Co. and
Charles H. Doing, senior vice presi-
dent and a former president of the
District Bankers Association, has
been manager of the branch Office
for many years. The other officers
at the branch are James NJ Mason
and George o. Schweinhaut, as
sistant treasurers. The addition will
be ready for occupancy this fall,
Mr.. Meem announces.
On the date of the June % con-
troller's call, the trust company had
total deposits amounting to $24,-
ISL .43135.
Wide Spreads on Bank Stocks.
Washington bank stocks listed on
the Washington exchange show
some very wide spreads in quota
tions. American Security & Trust
Co. stock is now quoted at 225 bid
with $50 asked; Liberty National,
168 bid and 180 asked, and National
Savings g. Trust Co., 1875 bid and
220 asked.
Riggs National Bank common
stock is quoted at 240, with 27O
asked, the widest price spread in
the list. Several other stocks at
the moment have no asked price.
Among them are Bank of Bethesda,
with 80 bid; National Capital, 155
bid; Bank of Commerce & Savings,
300 bid; Lincoln National, 200 bid
Prince George Bank &, Trust Co.
stands 10 bid and Is asked. Riggs
National preferred, 1919 bid: Ma
tional Bank of Washington, 120 bid,
and Washington Loan & Trust Co.,
223 bid.
Rail Revenues Exceed 1889.
Eighteen Glass railroads, repre-
senting 66.1 per cent of total op-
Grating revenues in the Southern
district, had estimated operating
revenues in June of $26,526, ,25l, COM
pared with $25.846,245 in June,
1889, and S32, ,739,697 in June, 1880.
Operating revenues were 2.6 per cent
above those for the same month in
1889. but 1910 per cent below June,
1880.
Freight revenues in June amount
ed to $22,122,637. compared with
$21 ,484,644 in June, 1899, and $25.-
COG, ,623 in June, 1880. Freight rev.
enues in June were 80 per cent
above the same month in 1899, but
1879 per cent below the same month
in 1890.
Passenger revenues In June to-
tailed $2,331 ,601, compared with $2.-
330, ,820 in June, 1889. and S4,446,27l
in June, 1890. being less than one
tenth of l per cent above June,
1889, but 47.6 per cent below June,
1880.
Bankers Start on Vacation.
Nelson B. ONeal, one of the vice
presidents of the Riggs National
Bank. has gone on his vacation,
visiting Ocean City, N. ]. Charles
r. Fadeley, an assistant cashier, is
also on his vacation. H. T. Bisselle,
vice president, was back at his desk
today after vacation in New York
State.
Y. E. Booker, head of Y. E. Booker
& Co., returned last week from
vacation passed at the Thousand
Islands. Visitors have swarmed to
the Thousand Islands this summer,
resulting in one of the best vacation
seasons in many years.
c. w. Beerbower of Roanoke,
Va, for many years secretary of
the Virginia Bankers Association.
was calling on friends in the finan-
cial district today He also dropped
into headquarters of the District
Bankers Association to see Secre.
tary Donald w. Larson. He is as
sistant cashier of the First National
Exchange Bank, Roanoke. After
January l, the Virginia Association
is to have a paid secretary.
Gerald st. George Walker, man
ager of the London Office of Fenner
g. Beane, New York Stock Exchange
firm, has arrived in this country
for two-months stay. He says it
is unlikely that the London Stock
Exchange will be moved unless war
conditions should make it simply
impossible to transact business in
London. Mr.. Walker does not look
for any important British liquida-
ton of securities in the near future
because of present depressed market
prices.
Investment Bankers in CitN
Arthur Dean and r. Mclean
Stewart of the Investment Bankers
Association, were in the city last
week for the conference with Sc
curities and Exchange officials re-
garding possible suggestions for
changes in securities laws which
may later be presented to Congress.
Baldwin Bane, director of the S.
E. c. Registration Division; Ganson
Pursell, director of the Trading
Division, and Chester Lane, general
counsel, were among others present.
The Louisville g. Nashville Rail-
road $2.75 dividend on common
stock, payable August 26, will be
shared by many Washington stock
holders. It makes a total of 81
paid so far this year, compared with
1925 in the like period a year ago.
Visitors to the offices of john
ston, Lemon & Co., Southern Build
ing, are extending congratulations
on the extensive rearrangement of
the offices, with a view to greater
convenience and efficiency.
Today's Trading on Exchange.
Heat or high offering prices
slowed up trading on the Washing
ton Stock Exchange today. Business