The Washington times., 1914-01-15
LOCAL BANKERS ARE
HOPEFUL FOR BANK

washington bankers are not discour-
aged over the result of the hearing pc
fore the organization commlttee oL tue
Federal reserve system Meun"o nttar ~
the National Capital as the locauoh lot
a regional reserve bank. .;+-
They point out today that the conl1nlI-
tee seeks in the case of every city cotl-
sidered to bring out all the oISautsi oIStn.t,n-
tages that may possibly exist. Whether
head bank is established or not, II Is
the firm belief that at least a oranch
bank will be located here. Ihele q
good deal of satisfaction taken In Ine
consciousness that Washington pankers
to convince the organization commlttee
that Washington is proper pace loi
regional reserve bank.
The Washington Loan and Trust
Company today announced the declara-
ton of an extra devidend Of per cent.
The eighty-sixth regular quarterly divi1
dend has a so been declared. Both VIII
be paid February l. Books WIN De
closed January q to February l; m
elusive After the announcement or the
dividend on the local exchange TO-DAY
the asked price for the stock was ao-
vance dto go.
Capital Traction SIS were in demand
in today's session of the Stock EX,
charge and 5000 of the bonds were sold
at 1854. After call 1888 was paid for
$500 bond. A block of 5000 of WashLns-
ton Railway As at so. and 2,O0 OF
Washington Gas SIS, $500 at 1O6Ss, and
$500 at 1851. --,
The stock trading was largely in small
lots. The only quotation lot sold was
of Railway common. This and ten
shares more sold at 50. Two lots of
Capital Traction, making twenty shares.
sold at ia.
Officers elected by the Lincoln Ma
tional Bank directors today are: Floyd
E. Davis, president; Robert Callahan,
first vice president; Patrick T. Moran.
second vice president; Albert S. Galley.
cashier; william F. GUIDE, secretary to
the board of directors; Lucas P. Loving,
general counsel; w. w. Milan, asso-
ciate counsel. .. .
The Douglass Mining Company has
elected the following officers and direc-
tors: H. P. Pears, president; Judge
Hyman lazarus, vice president: Isaac
Reynolds Hit, secretary treasure :. Ben
jamin Carter. E. L. Petit, Mrs. Mercer
Watson, Asa P. Childs, c. f. Fink. and
Kate F. OConnor, directors.
Improvement in the steel industry is
indicated today by the Iron Age. The
trade paper warns against the over
about improved conditions as
well as against overstatements of un-
favorable conditions. The situation is
summed up in part as follows:
Steel mill assumptions. after one OF
the longest and most extensive holiday
the industry has known, have
indicated Improvement. but t should not
be overestimated, as has been done IN
some Pittsburgh dispatches.
AT the same time 1t has been Shown
In an effort made ,ast week to sum up
the number of idle men in the metal
that nntavorable conditions
also can be overstated. Tho i'st ~ '@ie
blast furnaces in the misleading mil
Iion-idle-men'' exhibit paraded in Con-
gress Tuesday conta ms at least eight
large stacks that were only banked over
the holidays and have since resumed.
Not a single deduction was made for the
threescore or more furnaces that have
blown in In the ten months covered by
the figures.
Leaders in the Steel industry agree
in finding the situation better this week,
but it is not forgotten that the COM
parison is with fortnight Of very low
rate production and the possible set
backs of February are not overlooked.
The Steel Corporations rate of ingot