Evening star., 1955-02-27

in class A and
class B COM
- mon stock last
MIR. Weir Septe m b er.
the 1854 net was equal to 80
cents a common share VS.. 67la
cents in 1858.
Loans receivable on December
81 set a new record of sal .624 .089
a gain of 2l.7 per cent from
$34, 1875. .468 a year earlier. Total
volume OF loans made and pur-
chased in the year reached $685.
TOT, $50 for 233,742 customers.
compared with S59,368, 1873 for
205. .069 in the previous year.
Now Seventh in Industry
The Washington company now
ranks seventh in size among
small-loan firms Of the Nation
and has 80 Offices in Is States
and the District of Columbia.
Eight new offices have been add
ed since September, four in Kan
sas. one in Georgia and three
in Virginia. Mr.. Weir said.
Gross income for the year 1854
amounted to $l0.574.655 VS.. So
207.390 in 1858. Operating ex-
penses totaled $7,965,509 VS.. ST.
020,542.
Dividends rose to S1,196,143
from S880,S27 and S523,031 was
retained in the business, COM
pared with S332.873 retained in
1883. Earned surplus reached q
new high of $2.0l8,545 on De-
cember 81, compared with ST.
547,620 a year earlier. @
Bank Shores Move Higher
Capital stock of Liberty Ma
tional Bank sold at $410.50 a
share in a 10-share transaction
on the Washington Exchange
Branch of the Philadelphia
Baltimore Stock Exc hange
Thursday.
This was the first recorded
transaction in the shares this
year. Last year 100 shares
changed hands. all at 400. In
1858, 100 shares came out at
1882.
Common shares Of National
Mortgage g. Investment Corp.
set a new 1855 high of SIS a
share this week.. a gain of 50
from the previous quotation.
These shares started 1854 at
10ss and closed the year at u.
Curtoonists to Be Guests
Washington newspaper car
toonists will be guests Of the
Advertising Club at luncheon
at Hotel Statler Tuesday. @
All three of them have won
Pulitzer Prizes. They are: James
T. Bergman of The Star, Har-
old. M. Talbert of the News and
Herbert L. Block of the Post
and Times-Herald.
Miss Grace Kelly. star Of stage,
screen and television, will be q
special guest at the head table.
Bankers Coming Here
Around 1000 bankers are ex-
pected to attend the annual con-
vention of the Independent
Bankers Association at the Will
lard Hotel March 1926. All are
members also of the American
Bankers Association.
After two days devoted to
registration. sightseeing. enter
tainment and committee meet
ings, the general session will be
called to order Friday. March IS.
by President w. j. Bryan.
Sam Rayburn, Speaker Of the
House of Representatives. will
address the associations annual
banquet Saturday night.
Tenth Anniversary Due
The Washington Sales EDecu-
tives' Club will celebrate its 10th
anniversary at a luncheon at the
Mayflower Hotel tomorrow.
President Herbert d. Ford an
nounced that leaders of 20 Lead
ing civic and service organiza-
tions. prominent businessmen
and Government officials had
been invited as guests.
Robert Whitney, president of
the National Sales Executives.
will be guest speaker. A large
attendance is expected.
Four Assistants Nomed
Four assistant operation man.
ayers have been named by the
Air Transport, Inc, at National
Airport.
They are: william e. Beall,
with nine years Of service: Ray
A. Gregory. Robert A. Cornelius
and Maurice A. Goodhart, all
with six years of service.
Howard P. Moore has been
named assistant manager of the
Ambassador Hotel and Mrs.
Frances v. Boggs has become
executive housekeeper.
1855 Earnings Up Shurply
Government Employees Corp.
automobile finance affiliate Of
the Government Employees. In
surance Co.. had net income OF
sos. .811 or $2.58 a share In 1854.
compared with $l57,265 or $1.94
a share in 1858. President Leo
Goodwin revealed in the annuai
report yesterday.
Loan volume in the year sd
a new high of $9.572.578 for
$685. borrowers. compared with
$8.967,12l for $3.50 in 1858.