Evening Star Newspaper, April 15, 1929, Page 14

BANK LOANS GAIN INTSZB1S SHOWN, Deposits Also Increased, Ac- cording to Federal Reserve Board Survey. BY EDWARD C. STONE. !nlns and investments of all banks b nited States increased during l‘fll Iry nbout $2,800,000,000, or 5.1 per c:nt, to total of $58,266,000,000, & com- pllation by the l'ederu\ Reserve Board shows. crease ter than that vhich took place ln "28 bul. smaller than in 1927, 1925 and 1924. Growth in bank credit outstanding vas .at the rate of 4.2 per cent for ; jember banks of the Federal Reserve sstem and 6.5 i'er banks for r cent for non-mem- | Increue !m-' NEW YORK STOCK. 'EXCHANGE wnmmm&mmm Abitid! Power #dams Exp 675 Adams Illlll") 29 Adv Rumley.... Adv Rumley pt Ahumada Lead. . 3 Alr Redetn (13). 1025 102% Alr Way El1 (2).. 38} 38% Ajax Rubber. 8% & /laska Junea. 6% % Ab&Susg(111). 210% 210% Albany Wrap Pa 19% 19% Alleghany Corp. Alleghny pf 5% osch Am BrSh(h1.60). AmBShoe pf(7). Am Brown Bov. Am Brown Bo pt AmCan (14).... year. Was ly H :vess{;:ernu showed wmp-fluvely llme « nange. Depodts of all banks in the Nation tacreased $3,857,000,000 during 1928, v'hich was considerably llmr the i 1crease of $2,890,000,000 in total bank 1 o h which took place in 1927, De- of all banks at the end of 1928 rtLlled $56,766,000,000, compared with 452,908,000,000 &t end of 1927. Rediscounts and bills payable at the end of 1928 for all banks were $1,512,- (0,000, against $894,000,000 at the end . 1927. Increase in this total by mem- >r banks was $499,000,000 in the year, .hile non-member bank totals show +n increase of $120,000,000. Clearings Still Above Year Ago. Kk clearings in Washington for the 'e?:nendlnl April 11 totaled $31,053,- (0, which is a gain of 8.3 per cent over 2e same period in 1928. Clearings, owever, were below the previous week, “,hen the total was $34,372,000. Clearings for the country as a whole were also below the record of the pre- +ious week, but, like the ‘Washington +neck payments, were ahead of the ~me week last year. In Richmond ¢ sarings amounted to $40,981,000, : ainst $44,920,000 a year ago. Clear- gs in the Virginia capital were also :* ghtly under the previous week. Baltimore reported clearings of $108,- 216,000. These figures compared with \e better record of $122,052,000 in the 1 evious week, but at the same time +-ore 12.5 per cent ahead of the corre- « >>nding period in 1928. Gain Noted in Bank Credit. In s monthly review issued by the T-deral Reserve Board today a consid- <-able growth in the volume of bank ~edit is noted, chiefly because of the -asonal demand from trade and in- s-stry. Security loans by banks have -own a small increase and bank in- stments have declined slightly. Security loans increased in several “stricts, including Chicago, Boston, ‘lladelphia, Cleveland and San Fran- sco, while in St. Louis, Kansas City -4 Dallas they declined. Investment Jdings of reporting banks in all the “tricts declined except Boston, Rich- -ond and Dallas, while commercial =ns increased in all districts except ~ston. Deamnd for funds to finance the trad- nz in securities in the New York arket has continued large, but the «1ly increase in brokers’ loans has been 1 loans by lenders other than banks. 1s class of loans showed an increase - about $275,000,000 for the period of ven weeks ending March 27, while veet loans by banks, including both ~w York banks and other banks, de- +.ned by nearly $300,000,000. The liquidation of brokers’ loans by * nks since the board’s statement of “brusry 7 indicates an effort by the “nks to comply with the desire of the -ard to Testrain the diversion of bank »dit into speculative channels. This -uidation has been accom by rise in money rates, which 3 attracted funds from corporations ~d individuals in this sroad. _The volume of reserve bank credit ~tstanding showed a decline of about 77,000,000 during the seven-week period | ding March 27, due in part to gold | .-iports, the review says. + First Trading in New Listing. Pirst trading in the recently listed Teal Estate Mortgage and Guaranty -eferred stock took place on the Wash- 2gton Stock Exchange today with a i-ock of 90 shares Ch""mf hands at ."2. The market closed with 7Y, bid 2nd 7% asked. The lll‘tflt transaction on the board +25 & 100-share block of Mergenthaler inotype at 1073. Later in the session *) shares sold at 107%. National ..ank stock again sold at 575. Odd lot sales in Potomac Electric o askingion Ratway & Ficctric 13, n way oved at 97 and a small lot sale in +’apital Traction was recorded at 98%. *itle & Insurance Co. of Maryland >mmon came out at 39. Chevy Chase idairy preferred sold at 106%. In the bond division $2,100 Washing- 1°n Gas 6s, series A, came out at 1023, 2000 Railway & Electric 4s sold at 3%, another $1,000 bond at 86 and 7,000 Anacostia & Potomac River 5s 96. Heard in Financial Distriet. Peter A. Drury, ‘chairman of the § e hthending his banking pustness s al =]n new office, on the mezzanine floor -erlooking the main lobby,, having rned his former desk over to the new | vesident, Rolfe E. Bolling. ‘har cashier of the Fed- ago from a two-weeks visit : White Sulphur, W. Va. Pruldent R. Golden Donaldson an AmCar&Fdy (). Am Chain pt(7). Am Chiele (3) Am Express Am & For Por Am&ForP pf(1) Am&For Pow 2d. Am Hawa SS(1). Am Hide & L pt. Am Home Pr(3) AmIce (13)..... Am Internatl 32, Am LaFr&Foam Am’LaFrance pf Am Locomot(8). Am Ma & Fy(4). Am Metals(3). . AmP&L (11).. AmP&LtA(3). AmPo&Lt pf($). AmP&Lpt sta 6. Am Radiator(5) AmRad&Std San Am Seating(3).. Am Ship & Com. Am Sm&Ref(4). Am Stl Fdvs(3). Am Steel Fy rts. Am Sugar.... Am Sumatra(3). Am Tel & Ca(5). Am Tel & Tel(9) Am Tobac B(8), Am TypeFo(8).. AmWW&EIl(cl). Am Woolen..... Am Woolen pt.. Am Zine. . Am Zine pf. Anaconda (new) Anaconda (rts). Archer Danlel; Armour Del pt Armour 111(A) Armour 111(B) Armour 11i pf(7) Arnoid Con & Ce Artloom (2).... AssoDryG(3%). Atchison pf(8).. Atl Coast L(110) Atl Guit & WI.. Atlan'Ref(11%) Atlantic Ref rts. AtlasPowder(4). Atlas Pow pf(6). Austin-Nichols, Austin-Nich pf,. Auto Sales...... Autostrap A(3). Baldwin Loe (7). Bulto &0(6).... Bang & Ar pf(7) Barnet Leather. Barasdall A (3). Beth Steel pf(7) - Bioomingdale. .. BohnAl&Br 3% Bon AmiAf4).. Booth Fisheries. Borden Milk(6). Borg-Warnr (4) Briggs MIgFCo. Brockwy Mot(4) Bklyi 4).. Bklyn-Man pf(6} BrownShoe(2%) Brunswick B(3. Bueyrus(1). Bucyrus ev( Burrou Bush Term(g2). Bush Ter fl.('l). Butte Cop & Zine Butterick Co. ... By-Prodcts 12% Calif Packg (4). Cal & Hecla(4).. Celotex pf (1) Cent Alloy«3). Cent Alloy pf(7) Century Rib M.. Cerro de Pas($). Certain-teed Pro Ches & Ohlo(10) C&0Corpn(3).. Chi & Alton. Chi & Alton pf. ess | Chi Great West.. Chi Gt West pf.. Chi M1 & St P.. Chi Mil & StP pt Chi & Nwn (4).. Chicago Pn Tool. Chi PTpl(3%). CRiRI&P(7).. Cni Yol Cab(3).. Chickasha(3)... Childs(3.40).. Chile Cop (3%).. Christi B(1.30).. Chrysler Mot(3) - | City Ice (3.60).. . of New York, will I club at the dinner 25. Miss Bruere has Seasonal trade : v‘«!flfl t "ot wave, the Richmond ‘rve Bank today. | Farm Buying Power I “aeclal Dispatch to The Star. NEW HAVEN, Conn., Apnl 15.—The *a'e!'. cach the <:nts 100: HE City 8toA(33%).. City Stores new. Cluett-Pea pf(7) Coliins & Alkmn Col Gas (2). Col Carbon Celumbia Grapn Com Power (t4). (hllolmul-Ntlr ConsolGaspf(§). Consol Textile. Container A Container B 6tc. Cont Baking A.. Cont Baking B.. Contl Mot(80e). Corn Prod (13).. 1 122 110% 110% 110% Cuyamel Frult 9% 8% 19% hvl- fim . et e W Datralt BA(H) B6% B5% BB, 186% m’\: 124% 1243 124% 250% 250% 250% Du hi« a Eastman (18).,. Haten Axle (3).. Ettingn pf(6%) . ol Elec AutoL 14% lectris Hoat. .. llul’o'm(n. lhll-J.ll(‘ Eng. Df Equif l Voo lculublo’rrul) ErioR Ru.ves 2% | Etfe 2d pf., Eureka Vae (4). EvansAu L 32%. Fed Minpf(7).. !'Od Mot ;:..') . 63%). mrnNPl-nl) hrltfl-mlh) Fisk Rubber, ... Fisk Ru §0% M. Freeport T u).. Gabriel Snub A, . glranu Motor. . Gen Asph pt(5). Gen Bakg pe(s). Gen'Cable...... Gen Cable A(4).. Gen Cigars(4). Electri AL GenElec sp(6ve) Gen GEEI A 1%. Gen GAEI B 1% . Gen G &Bl A(3) Gen Mills_(3),.. Gen Motors (3. Gen Outdr A‘“) Gen Ry 8ig(6). . Gen Refrac 13%. Gl!h(ll" R (5). Gimbel Bros, . Glidden l'l‘)- . Glidden Orl(rts) Gitdden prpf(7) Gobel (Adaiph). Gold Duat (new) Ginodrich(4).. Goodrich (rf Guodyear Tire Goodyr 18t p£(7) Gould Coupler A Graham-Paige. . Grhm-Paigs efs. Granby Min (7). Grand F&W (1). Grt North pf(5). GrNorOrefs 3% Grt Wa Sug 2.30 Grt We Su pf(1) Greene Cana(3). Guantanamo Guif Stat 8ti(4). Guilf Sta 181(7). Hack W pf(1%). o' Dept 81 Hollnd Fu(e3 %) Homestake(17). Howe Sound(4). Hudson Mot(5). 5% | Hupp Mot(£2). . Ind O & Gas (2) indian Re Ogen. Mish. 117% 1:7% 170 171 62% 6% 101 101 147% 147% ll% :;;«: 12% 2% 0% ll% l(\ i Inland Stl (334). Inspiration C(4) InterboroRapTr. InterconRubber. Intl Bus Ma (5). Int Cement(4).. Int Com Eng3). Int Harv (33). . Int Mteh pt 3.205 Int Mer Marine.. Int Mer Mar pf.. Int Nick,Can 80e int Paper pt (7). Int P & Pow rts. Int Pa&PoA2.40. Int Papr & Po B. intPapr& PoC. Int Pa&Po pL(7) int Prig Ink 2% . 1nt Prtg Ink pf 6 Int Rys Cem Am. int Ry CA p(5). Int Tel & Tel(§). Inter Dept 8(2).. Intertype(tlig). Jewel Tea (15).. Johns-Manv(3), Jones&Lau pf 7. Jordan Moto JordanMot (rts) Kan City 8¢a(5) Kaufmn DS 13%. Kayser J(§) Kelly-Spring. ... Kels Hayes(2).. Kelvinator Corp. Kendali pf (6).. Kreuger & Tell. Kroger Grotel). Lee Tire & Rub. Lehigh PC p2(7) Lehigh Val Coal Leh Val C p! Lehn & Fink(3). Lig Myera(15). . LIg&Myrs B 16 Lima Locomtve, Link Belt (2.40). Liquid Car t43% . Loew’s (13). 95; | Louis GasA 1.76. Louts & Nash(7) Ludlum8ti(2).. Ludium 8 pf 0% . Me Call Corp(4) McCrory.Bt2).. McKeespt Tin P) | McKesson&R (2) McKsn pf A 3% Mack Truck($ Macy Co (€3). Magma Cop (6] May Dept 8(4).. Maytag (13). Maytag 1st pf (N Mengei Co, . Mexicun Seab. .. 186% 185% 1851 | M! Low. 117% 170 6244 101 145 145% 81% 2% 90% lfl K Nn't Lead(s).: H fl) NorAm blU% stk Norlh Am Dfil). orAm Ed pf(7) M Ger L1d 3.41. Ofl Well Supply. Ownibus. Onunhmuuu. Orphe: 8). Otis Elov (l). . Orix Steel. . Owens Bot (ed). Pacific Gas (2).. Pacific Mills. ... Pac Ol1 Stubs, .. Pan Tel & Tel(7) Packard (13%).. Fan-Am Petrolm Pan-Amer Pet B Penn RRlI“)-. Pere Marq (18).. Phlla&RC&I. Phil Morris(1)., Phillips-Jon(3). Phillips P (1%). itts Coal nf, ... Pites St pf(7).. Por RicoToA(T). PortoRicoTobB. Postal TAC pf 7. Postum(3). Prairie Old Prairfe PL 13% Pressed 8tl Car. Pr 8tl Car pf(7). rodu & Refinrs. Purity mlnt. . Radio Corpn Radio pt (B, Rels 18t pf(7) Remingtn-Rand. Rem-Rd 24(3)... Rem-Rd 18t(7)., Remingtn2d(8). 1 Reo Mot (11). RioGrande O1} 2. Royal Bak P(1). Safeway (3).... Safeway pf (6).. % | Safeway pt (7).. St Jos Leaay StL & San "r(l) StLasanF pf($) SiL&Southwest. Savaxe Arms(3) 8chulte (h3%).. Schulte pis)... Seab Alr L pf... Sears-Roe(32%) Seneca Copper. gnluu& Mll). SoPo R Su 12, South Cal Ed (3) Sou Cal Ed(rts). South Dairies A. South Dairies B. South Pac($; Sou Pacific rts. . South Ry($).... SouRyM&O cfs ¢ Spalding (1.60).. Svang Chalfot Stewart-War($) 1 StwartWar(3%) 9 | Stromberg (3). . Studebaker(35). Studebak pf(7)3. Submarine Boat. Supertor Otl. Superior Steel. . Superior Stlrts. Sweet of Am(1). SymIngon. ..... Svmington Cl A.. Telautogrph(1). tul Oenm(l). ‘exas Corpats l'oxuflnltnl« O T&P b3%) Tex u 'l‘rl new) Thatcher MIg... The Fair(2. ‘Tidewater m Nwlflflfll ) 86% TidewatrO(80c) Timken R B (3). " ab rod 43 A9Y . Thaeco Prod(A). Transcont Ofl.. . ‘ransue & W(1) Trico Prod(2%) TruaxTraer 1.60. Undwd-EL F (4) un Union 14 Utd AIr&TPL(2) s 2% o Biscuit 1,69, unr sta). a'Elec Coul Plo 1t pL ?x’nnu‘ht 15 Utal (16) . 310 X Ut PRLA(S). 41% - 1% 41%- 41% VadascoSles.... 8% Sk BN 8% .‘be 22% | Wrigey ((13%). {STOCKS FLUCTUATE 1 INNARROW RANGEI Market Encounters Reahzmg and Short Selling During : Duil Day. BY GEORGE T. HUGHES. Special Dispatch to The Star, NEW YORK, April 15.—Alternately of reacting andl recovering but never mak- ing much progress’ either way, today's, stock market was a dull lflllry'\th the | mmmernnhelownrmemr. In the it hour there was a demonstration in the ofls . which advanced prices for | best nearly all the active members of the nwp, but the gains were not held. to end. Coppers and motors were 8% helvy all day. Chrysler made a new | low for the year and Anaconda a new low on'the movement. Call money held at 8 per cent all day. The best that could be sald was that there was no large amount of stock brought out by the reactions. The list was weakest in the first hour and just before -the close. For the selling that came into the market at the openln. there was only the explanation of concern over possible trade reaction. It was admitted that the usual signs of a setback in business ac- tivity were heklna but it was argue that the continuing high rates for dmoncy mun sooner or later slow up in- justry. During the early weakness the copper stocks suffered the most and the ails offered the best resistance. Anaconda dipped below 139, where it was off over 3 points; Greene Cananea :ost more than 4 and smaller declines were re- corded by Cerro de Pasco, Nevada, Andes and others in the group. In the olls the Pan-American Pe- troleum shares were in the greatest de- mand. The “B” stock above 60 was at a nev high on the movement. Large blocks of Standard Ofl of New York were taken around the 44 level. General Asphalt was strong for a time and At- lantic Refining was well supported. ‘The steels marked time. In the first hour United States Steel was rather heavily sold, but it came back later. Bethlehem Steel did not go off so easily. It looked as though there was some 3;:@1_.1 buying in Bethlehem, while nited States Steel was awaiting official announcement of the terms on which the new stock will be offered. Wall Street Briefs By the Associated Press. Stockholders of United States Steel hold their annual meeting today, but interest centers rather in the session | Fed of the directors tomorrow, when formal announcement of the terms of the new stock issue is expected. Wall Street has Procseds.trom which Wil ¥5. tovard irom wi will go towar retiring Steel's funded debt, will be of- fered at $110, on the basis of two shares for each. seven now held. This would “rights” worth about $§18 The National Industrial Conference Board reports that employment in the manufacturing industries of the coun- try at the beginning of 1929 was higher on the average than at any time since the second quarter of 1926. The sur- vey says there are indications that the | Lambs, rising undmcy Is continuing. The pur- chasf f the wage earner’s dol- lar at openln( of um was given e since 1922, pared with any m as com| the pre-war dollar. Consolidated operating statement of Pacific Public Service éo tnd luhld- of Hm‘lz‘g ll(;r”t.he n monnu mded February 28, , compared with $: 076,985 tor the przvlmu year, an 1n- erease of $232' lfl‘ o tion and mounted to $2.036.! uc wmpnred with ll.lu,!lu for the pervious year. uumm settlements today will be unt Semi-annual interest on ‘the !mm.h Liberty 4%, per cent bonds, payable April 15, -pproxsmm $150,000,000, of which $52,000,000 will paid out in the New York Federal district. Reserve Owrmnuon terest um wfil run into large while 100 make dlmnfl d.hh‘lbuuom ‘The review ot industrial conditions | Disennto review ding uflmyhm “Indicated & very gen- % | eral state of prosperity.” Vanadium (14).. Van Raaite pt. Viek Chem(4)... Viegor pr | vffl).. llm Va-Caro Chem. . Va-CarCh CQM. u Vulcan Detin. Vule Det pt('l). « 100 Waldorf(1%) 24% Walworth(1.20). !T’A ‘Ward Baking (A’ Ward Baking B.. lOK Ward Bak pf(?). Warner Bros Pie !OlVa Warner-Qu(2).. $i% Warner Qu(rts) ¥ Warren F&Pive. Webstr-Eislohr.. Wesson Ol (3).. WessonO pf (4) ‘Wes O&Sno pt 7. W Penn El pt (8) w Pdel;I pr(T) Westhse A B(2). Westinghse(4). . Weston Electrio, Wheel & L E pf. White Eagle(2). White Mot(1)... White SM pf(4). Wileox Ol & G.. Wileox (&) 2% .. ‘Wilcox Rich B. Willys-Ova pf 7. Wilson Copf A.. Woolworth (8).. ‘Woolworth new. Wright Aero(3), 20 20 212% 211% 86% 864 237% 281% 2% 12 Yale&Towne(4). 671 66% Y% Yellow Truck... 47% 47% 46% 46% Young Spgst2% 62 62% 61 62 Youngstn 8h(6). 126% 127 1264 126% l_.-'ly Sales on N. Y. Market. 0'am.. 369,800 12m,.. 1,182.300 ©1:30 p.m. 1,600,400 2: "D--l’!‘l'lw flmrufid-lll lmz-llfl' the average for | Ewes, 1| Ger FUR FARMERS LACK MARKETING AGENOY e BY J. C. ROYLE. Special lllpllcl to The Star. vnimsummm |now ‘ah established and prot.table ‘in- both in this country and in dustry, ations of an by the unen and most fluential men en- gaged in the industry which will afford methodl of placing the pelts to the advantage, with quality assured of the pmau whi d. ‘There is of silver black foxes in this country and operation, surpass—in | || excellence of output—their Canadian competitors. -Yet in Canada alone in the last 671 to a total of 3,380. Sales of pelts by Canadian fur farmers increased from 16,732 a year ago to a total of 25,018 in the governmental year just emted these farms in Canada there are 72 125 animals valued at $13,465,- 882. This compares with 56,472 ani- mals valued at $11,068,810 a year ago. This does not match the industry in the United States, b\xt in each country the gain in 1929 expected to exceed 25 per cent. CHICAGO LIVE STOCK MARKET CHICAGO, April 15 () (Unlud Hogs—] pts, u 13.000 head direct; market slow; mostly steady with Saturday’s average tical top, 11.65 paid for 160-200-poun weights largely and 11.35 to 11.60 market for 160-300 ds; butche: to choice 250-300 pounds, 1 200-250 pounds, 11.25a11.65; pounds, 11.00a11.65; 130-160 pounds, 10.00a11.65; packing sows, 10.15a10.6: pigs, medium to choice 90-130 pounds, 8.75a10.75. Cattle—Receipts, 18,000 head; calves, receipts, 5,000 head; general steer trade 25250 under last Thursday; medium weights and weighty steers showing most d;::ltne; yearlings 1 Wml l'::y; active; year) '!l ¥ steers, 14.00; otherl::{:uu Slaughter dl-u—-&uen .md chowe. 1,300-1,500 pounds, 13.25a14. W‘ 300 13.50214.60; 950- 2 common and 9.75a13.50. year] . good cl , 750~ 950 pounds, 13.50a14.75. Heifers, good and choice, 850 pounds down, 12.75a 14,50; common and medium, 9.25a13.00. Cows, good and choice, 9.25a11.50; com- mon and medium, 8.00a9.50; low cutter and cutter, 6.25a8. Bulls, good and choice (beef), 9.75210.50; cutter to me- dium, 8.0089.75. Vealers (milk-fed), good and choice, 12.00a15.50; medium, 10.50a12.00; and choice (all weights), 117511300 common and medium, 9.75a11.75. Shter—llecelpu 12,000 head. Fat lambs slow, around steady; best wool skins, 17.50; bulk, 17.25 and above: most clippers, 15.50216.25. steady. , good and choice, 92 pounds down, 16.60217.65; mediuin, 16.00a16.75; cull and common, 12.00a16.00; medium to choice, 92-100 pounds, 15.75a17.50. medium to choice, 150 ds GERMAN BONDS AND STOCKS. NEW YORK, April 15 (Special).—, Bed Loan with dr Govt ing etfs attached agr Gy thout 3“- Cifs, per 1000 R M oted in dollars per. H-m ure 4s 191 (Quoted in_doll Hamburg & Amrll::n Line's rman Lioyd Krupp 6s 1921. Prankfor Quoted in_ do AEG (German Ge Elec G (German Ge Elec) pfd B Commtrs Mortgages Investments JAMES Y. PENNEBAKER Main 5328 1520K St. N.W. We Rmmmmd—‘ Spencer Trask Fund at the market Irving & Johnston ‘Woodward Bldg. Main 8973 My Wash. Ezchange says “Buy Tires now and take a dvantage of current prices.” year fur farms increased by || the growth of ||l FINANCIAT, Complete Trivestment e Brokerage Service Copy of ‘mu,u., Review” | furnished om request G. M."P. MURPHY & CO. Members of New York Stock Ezchange 1508 H' Street Connecticut at K WASHINGTON, D. C. Telephone Main 9600 New York Philadelphia Richmond Private Wires and Telephone to New York APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent suburbs in lonl‘nn and Prince Georges' Counties, M 512% INTEREST Apply to H. L. RUST COMPANY LOAN CORRESPONDENT The PRUDENTIAL INSURANCE COMPANY OF AMERICA 1001 15th St. N.W. Main 8100 Consult Us Regarding Your Maturing Mortgage LONG-TERM REAL ESTATE LOANS 2%2% ‘We Make First Mortgages on Homes, Apartments and Business Properties in the Distriet of Columbia and Nearby Maryland and Virginia RANDALL H. HAGNER & COMPANY, INC. 1321 Connecticut Avenue. Decatur 3600 REAL ESTATE We invite applications for loans on improved property in the City of Washington on a straight three- year or monthly payment by Low Interest Rates /&MEIRHCAN SECUMW AND TRUST OMPA NY 15th and Penna. Ave. N.W. FIVE CONVENIENT OFFICES Abraham Lincoln Died Apr. 15th, 1865 —64 Years Ago Today Two days later, at a meeting of the then Board of Trustees of the “BANK OF THE METROPOLIS,” a resolu- tion was adopted, which, in part, was as follows: “Resolved, that we deeply deplore the death of Presi- dent Lincoln as an irrep- arable loss to the Country, and -especially at this time when his familiar knowd~ edge of our national condi- - tion, his devoted patriotism; his humane and benevolent feelings are so much veeded to bring 1o a just and satis- factory close the unhappy rebellion which has inflicted so much snjury and misery upon the Country.” At the time of the Great Martyred Presi- dent’s death, “The Bank of the Metropolis”— now The Mctropohtan—was already fifty- one years old. The building was draped in mourning for thirty days following: Lincoln’s death. National Metropolitan Bank Capltal Su g'll.xs and Undmded Profits Over $2,300,000 i