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Bank Receiver Notes Boost in Southland Realty Seaside National Liquidator Encouraged by Number of Inquiries. Improvement in the Southern California real estate market in the last sixty days was reported this morning by J. C. Scully, receiver of the Seaside National Bank, who is directing liquidation of that institution. "I am encouraged by the number of inquiries we have received since January 1 regarding the acquisition of property held by the bank," Scully said. "I believe that we have had more bona fide inquiries since the first of the year than were received in the entire preceding year. It is a hopeful sign." Scully, who took over the receivership of Seaside National of this city and the First National Bank of Newport on the retirement of C. E. Walles, January 1, has had many years of experience in the banking business and in handling the affairs of insolvent financial institutions. Scully for the last year has been receiver also for the Wilshire National of Los Angeles and the First National Bank of San Gabriel. Evidence of his ability in handling liquidations is found in the fact that the Wilshire institution has paid 65 per cent in dividends in the last year. The San Gabriel Bank has paid back 40 per cent to depositors and another dividend is expected within ninety days. Scully is a native of Oklahoma, but has been a resident of Southern California sixteen years. He engaged in banking in Oklahoma as well as having substantial oil interests there. The Seaside National, which closed its doors three years ago, has paid out 67 1/2 per cent in dividends to depositors. K. J. Eriksmoen, who has assisted in the liquidation of twenty-five financial institutions in his career, is assisting Scully, in the capacity of chief clerk.