Evening star., 1941-01-23

$ Watts, jr., of
B Balt imore is
J. P. Nolan. chairman. Will
fred L. Goodwin, jr., OF Brown,
Goodwin e. Olds, is member OF
Municipal Securities Committee, OF
which J. c. Riepe, Baltimore, is
chairman.
Three Washingtonians are on the
Educational Committee, j. Clifford
Folger of Folger, Nolan & Co., being
chairman. The others are Bernard
J. Nees of Johnston, Lemon d co,
and Mark Sullivan, jr., of Auchln-
clos, Parker & Redpath.
The Business Conduct Committee,
John c. Legg, jr., Baltimore, chair
man. includes Y. E. Booker, senior
partner in the investment firm bear
ing his name. while Thomas w.
Brahany of Merrill Lynch, E. A.
Pierce & Cassatt, and Myles H.
Quail of Y. E. Booker q co, are
members of the ENTERTAINMENT
Committee, Frank King, Baltimore,
being chairman.
The District of Columbia Com
nlittee includes Charles M. Hender-
son, chairman, of Henderson Win
der Co.: Kenneth S. Wales of K. S.
Wales & Co., T. Baker Robinson of
Robinson, Rohrbaugh & Luklns. and
Thomas C. Montgomery, Wagga-
man. Brawner e. Co., Inc.
The chairman Of the MARYLAND
State Committee is c. T. Williams,
ir.. Baltimore; Virginia, Edwin B,
Horner, Scott Horner & Mason,
Lynchburg., and North Carolina,
Russell F. Hall, Lewis & Hall,
Greensboro, N. c.
Five d. c. Banks in List.
Five Washington banks were in
cluded in the American Bankers
annual list of the 300 largest banks
in the United States, published to-
day. Riggs National stands 89th in
the list with S130,616,450 in deposits
on December 81, 1910, against SlO6,-
S43029 on December 80, 1889.
American Security & Trust Co.
stands 130th in the list, with de-
posits of S59,474,315 against S55, ,l25,-
4O1 a year ago; Hamilton National
is 221st in the list, with deposits of
S32 O98 1893 compared with S27,706,-
7O5 a year ago; National Metropoli-
tan is numbered 231 with 30,628,-
595 compared with deposits of ST.
900,71O at the end of 1899; Washing
ton Loan g. Trust Co. Is numbered
260, with total deposits of s28, ,926 ,233
against S24, ,668 on December 80,
1889.
Harper Heads Finance Concern.
Stockholders of the International
Finance Corp. have just elected the
following directors: Martin E.
Brown, James Cogley, jr., William T.
Fraser, Guy G. Harper, jr. and H. A.
Wood.
The directors, organizing for the
year, elected Guy G. Harper, Jr,
president; H. A. Wood, vice president
and treasurer; James Cogley, jr.,
secretary; Martin E. Brown, assist
ant treasurer and M. c. Obey, as
sistant secretary.
President Harper announced the
acquisition during the year OF a
63 per cent interest in Personal In
dustrial Bankers, Inc, which oper-
ates a group of 10 personal loan
offices and also announced the open
ing and development of Friendship
Personal Loan Company, Inc, oper-
ating under the Uniform Small Loan
Laws of Maryland.
Bank Analyses Bond Changes.
New high prices and correspond
ingly low yields for State and
Municipal bonds are recorded in the
seventh annual year-end survey pre-
pared by the Municipal Bond De-
partment of the Chemical Bank &
Trust Company, covering the period
1933-1940 and including bonds OF
every State having public debt out
standing and at least one city,
county or revenue authority in each
State.
Some extremely interesting fea-
lures are embodied in the study,
showing not only the great advance
in prices since December, 1888, but
the drastic reduction in yields which
took place during that period. Av-
erage prices, based on 20 represent
tatiye issues included in the body OF
the study, rose from 92A to 1875
over this period, with average yield
declining from 518 per cent to 1.73
per cent.
Today's Trading on Exchange.
Trading on the Washington Stock
Exchange today was limited to a
small sale of Washington Gas Light
preferred at 1862.
Riggs National preferred, National
Savings & Trust and Washington
Loan e. Trust, as well as Washing
ton Gas Light common are among
the issues now being quoted ex-
dividend. Dividends on these stocks
will be paid shortly.
Washington Railway & Electric
common is now being quoted at
s72O a share bid and $500 asked.
Heard In Financial District.
Total dollar volume of variety
stores all over the country for the
wear 1910 were per cent larger
than the 1889 total and only slightly
below 1929, the Commerce Depart
ment reports. December sales OF
the same group were the highest
on record, exceeding both Decem-
ber, 1899, and December 20 by 7
per cent.
State and municipal financing for
the year 1910 amounted to S1,168,-
s49 ,665 as compared with s1y09S,-
604,2e5 during the year 1899, ac-
cording to The Daily Bond Buyer.
During the month of December,
1910, financing totaled $l97 ,59l ,665
as against s1O3,S7l,262 during the
same month of 1889.
Sales of American Stores Co. for
the full year 1910 totaled $124, $685.
734, against s114.824, ,008 in 1899, an
increase of over $10,000,000 or 81
per cent.
The gain of 1 per cent in life
insurance sales in Washington in