Evening star., 1942-02-06

ran express.
Mr.. Turner has been superin-
tendent of the Washington division
of Railway Express Agency and has
spent the greater part of his 81
years service in the Capital. He is
being detached from all other duties
In order to devote his entire time
to his new position.
Every Bank Pays Dividend.
Every bank and trust company IN
Washington paid a dividend last
wear and the book value OF most
bank stocks revealed an increase,
according to a survey just compiled
bv Johnston, Lemon & Co., based
on the December 81, 1941, reports
to the Controller of the Currency
The Bank of Commerce & Saw
tngs paid the highest dividend, $40,
which included $40 extra; the Ma
tional Metropolitan came next with
S14. which included an So extra;
while the Liberty National stood
third in the list with Sll disbursed,
including a 50 extra.
American Security g. Trust paid
$40, in which was 81 extra; Lin
coin National paid SO, of which S.
was an extra; Riggs National Bank
paid $40, which included 81 extra;
Security Savings & Commercial
was in the $40 class. with a 81
extra included. while the Washing
ton Loan & Trust Co. also dlSburSed
$40, in which was 81 extra.
The Anacostia Bank paid Sc;
Bank of Bethesda, SIPS, including
SO cents extra City Bank, rs cents;
Columbia National, Sc: East Wash
ington Savings, 80 cents; Hamilton
National, s125, including 25 cents
extra; Industrial Bank, 40 cents;
McLachlen Bank, So; Morris Plan,
S1.80, plus 20 per cent in stock;
Munsey Trust, IS, including 81 extra.
National Bank of Washington
disbursed Sc: National Capital Bank,
ST. National Savings & Trust, S.,
and Prince Georges Bank & Trust
Co., 81. The Second National paid
$3.50, and the Union Trust Co. So,
the survey shows.
Book Values Also Increase.
The Johnston, Lemon compila-
ton also shows that 18 of the "a
banks listed witnessed increases in
book values during the year. With
a book value of S43193, Bank of
Commerce & Savings had a gain
of s37.72 over the previous year.
Anacostia Banks book value of
s453.11 per share was up S2l $50
during the year.
Next came the National Savings
& Trust Co. with gain OF 1884
per share, and Riggs National, up
s1729 a share. American Security
showed rise of $10.41 share.
Several other banks made pro-
portionately good gains during the
year. Furthermore, the half dozen
banks with decreases in book val
ues had very small, unimportant
declines, the survey discloSeS.
With deposits mounting steadily
during the year, resources also
made new high records.
Advertisers Pick Chicago.
Officers of the Financial Adver-
tisers Association, at the mldWlnter
conference in New York, decided to
hold the next convention in Chicago
in october.
Victor Cullin of St. Louis, presi-
dent of the association; l.. E. Town
send, San Francisco, first vice preSl-
dent, and Preston E. Reed of Chi
cago, executive vice president, were
in the Capital yesterday as the
guests of Eliot H. Thomson of the
Washington Loan & Trust Co. They
made an extended tour of the city.
Today's Trading on Exchange.
Capital Traction IS led trading on
the Washington Stock Exchange to-
day with five consecutive $1,000
transfers at 1o512, the high for the
year.
Washington Gas preferred opened
at 1914, went to 1912 and closed at
1871, the days sales reaching As
shares. Gas preferred registered a
small sale at 101H2.
McCrory Stores Corp earned 1924
per share on the common stock In
ie41 against s2o5 in 1910.
Lerner Stores saleS in January
were A per cent ahead of the same
month last year and 1873 per cent
in the full year over the previous
year.
Willard G. Barker, president OF
the Morris Plan Bank, will speak
At 1890 tomorrow night over Radio
Station WMAL on defense bonds, in
connection with the drive being con-
Quoted by the District Bankers As
sociation.