Evening star. [volume] (Washington, D.C.) 1854-1972, 1948-07-14
Dividends Announced
By ; District Banks;
One Declares Extra
By Edword c. Stone

Three Washington banks-Na-
tpnal Savings. Hamilton National
and Riggs National - announced
dividend declarations today, one
Including an extra.
National Savings & Trust directors
have voted the regular quarterly
dividend of 50 and an extra of 81
g. share, both payable August to
holders of record July %, President
Bruce Baird announced.
Hamilton National directors have
declared a dividend of 81 per share
payable August 2 to holders OF
record July %, President Wilmer
j Waller announced.
The Riggs National Bank has de-
clared the regular quarterly divi-
dend of SO per share, payable July
IS to stock Of record July 10, and
the regular SO dividend payable
october IS to holders of record
September 80. according to Presi-
dent Robert v. Fleming.
Bond Sales Hit S15,538,350.
District Security Loan Sales
reached $15,538, $50 through July g.
or SO per cent of the $22 100000
quota, the Federal Reserve Bank
of Richmond reported today. Series
E Bond sales were reported at S10.-
$4,000, or II per cent of the quota
while F and G Bond sales totaled
s4,625, 592 or 55.6 per cent of the
quota
Chairman Thomas J. Groom sale
all sales through July II, final day
of the accounting period. will be
counted in the campaign. With two
weeks more of reporting, hopes for
success are brighter than ever, he
added
Store Issues At New Peaks.
Hecht common stock has just sold
at 2712 on the Washington Stock
Exchange, a new 1948 high mark
Garfinkel 412eo preferred changed
hands at % on the Exchange yes
terday also a new high for the year
Potomac Electric Power common
IN moving up to 1414, reached an
other 1948 top. At IS, Peoples Drug
Stores common is up half a point
from other recent sales, while Capt.
tai Transit. at Is, is fractionally
higher The radical departure of
five-hour daily trading sessions will
be inaugurated tomorrow.
New Car Sales Decline.
Sales of new automobiles in Wash
ington in June numbered 1900,
against 2,2l0 a year ago and 1878
in May. The figure was the lowest Of
any month in 1948, according to the
Washington Automotive Trade As
ISOLATION Fewer new cars were
received here because of auto strikes
and coal shortages, officials said.
While June sales were down, total
sales for the first half year mounted
&c l4,193 against 1860 in the like
period in 1947, an increase of 1888
cars March was the best month this
year, sales reaching 3,151 new ma
chimes
Branch in New Quarters.
With wholly new banking equip
nent and elaborately decorated with
flowers, the Northwest Branch of
the American Security g. Trust Co.
opened for business today in its
new Office at Fifteenth and M
streets NV, having moved from
1140 Fifteenth street. The enlarged
ir-conditioned Office is equipped to
render more complete banking serv-
ice to an increasing clientele. Rich
ard E. Harris, assistant treasurer, is
the manager.
Resumption of through sleeping
car service between Texas points
and Washington, on the Missouri
K8nsas-TeXas Lines. is announced
by Katy officials, the service begin
ming next Sunday. Sleepers from
here will go over the Baltimore &
Ohio tracks to ST. Louis