Evening star., 1952-07-18

Cash on hand and in banks at
mid-year amounted to $636, ,339, a
six-month gain of $309,019.
After payment of dividend for
the period of $175,5 ,535, net income
earned was $61,276 Undivided
profits increased to $510,730. VS..
$476,783 on December 81. This
raised total undivided profits and
reserves to $698,556.
Marks 45th Anniversary.
William E. Brooks, assistant
cashier and manager of the COL
lection department at the Riggs
National Bank is receiving felici-
tations on the 45th anniversary
of his service with that institu-
ton.
It was on July II. 1907, at the
age of Is, that Mr.. Brooks started
with Riggs after graduating from
business high school. Like many
others with the bank he started
as a runner and then was made
an assistant bookkeeper. Look
ing back on those early years he
can certainly say with other old
sterS at Riggs that times have
changed" At that time, he re-
calls. the bank had only about
40 employees and total deposits Of
some $40 million. Now the cleri-
cal staff numbers hundreds and
deposits have scared to $3.50 mil
lion.
Mr.. Brooks is a native Washing
tonian and is q member of the
Association of Oldest Inhabitants,
Acacia Lodge of the Masonic
Order, and Petworth Baptist
Church.
President c. c. Frick, Executive
Secretary A. N. Thompson and
Demmie Blackstone, chairman of
the promotion and advertising
committee of the Allied Florists of
Greater Washington will leave
Saturday for the annual conven-
ton of the National Society of
American Florists. The conven-
ton will take place in Louisville,
KY, July 1923 and 5000 dele
gates are expected to attend.
Attend Maryland Outing.
A delegation from the District
Building and Loan League at
tended the annual outing of the
Maryland League of Building,
Savings and Loan Associations at
Middle River, Md, yesterday.
Heading the District group was
William H. Dyer, secretary of Per-
petual Building Association, and
this years president of the Dis
trict League.
Washington Gas Light Co. re-
ported June sales of 11,317 1892
therms, an increase of 3.8 per cent
over same 1851 month. Cumula-
tive sales for the first six months
totaled $50, ,1O9 1853 therms, up 9.79
per cent over 136,720,478 a year
ago.
Department Store Trade Up.
Department store trade in the
Fifth Federal Reserve District last
week continued to show improve
ment owe rthe preceding week, it
was reported today.
Dollar volume Of sales in re-
porting stores for the period ended
July IL was 13 per cent above the
week before, the Richmond Fed
erai Reserve Bank said. Last
weeks dollar volume was almost
identical with that in the same
week a year ago, although the
four-week period ended July l;
showed a per cent improvement
over 1851.
Washington's department store:
reported a decline of 3 per cen
for the week compared with tht
preceding week Of this year. Dur.
ing the four-week period dollal
volume was 2 per cent highe
than in the same period OF 1851
Drive-in window Finished.
The American Building Associ
alton at Third street and Penn
sylvania avenue Sc. has just com
pleted the latest drive-in-teller
window in the District. The drive
in-window is supplemented by tw
adjacent walk-up windows.
The entire compartment is bul
let-proof. The teller converse
with customers by means Of two
way megaphone built into tn
equipment.