Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-10-31
Roberts for National City.

1t has been known In inner financial
circles for at least month that
George e. Roberts. who has just re-
signed from the Office of director of
the mint, has accepted attractive
offer to join the National City Bank
staff His title will be assistant to the
president.
1t Is understood that one of Mr..
Roberts chiefest duties will be to edit
and supervise publica tions of the lit
erary department of the National City.
not only its regular monthly trade cir
culars,~ recognized as of the greatest
; value as an indication of the trend
Of business. but the new publication
the periodical 'to be issued from time
to time in the interest OF the South
inaugurated by the National City Bank.
Mr. Roberts Is an Acknowledged au-
thority on subjects financial: is a
writer of recognized ability. a stalls
tician of reputation and broad in gem
eral knowledge.
A Prosperity Evidence.
A month ago there was perfect
food of commercial paper being Of
fered from bank to bank, with 7a7z
per cent interest provisions. This
paper has disappeared. and in its place
there is a moderate amount of per
cent paper. and it Is salable;
Another evidence is found in the
economies that have been put into
practice everywhere; a growing dis
position to restrict to the necessities
and to ban expansions until the situa-
ton has decidedly and finally i'm
proved.
And Now It's Hops.
First it is one thing and then another.
To the list of hard to sell at this time
headed by cotton. closely followed by
apples. add hops. due proba bly, to the
lessening production of beer. Coal
may also he added. because of the
lessening activity in manufacturing
industry and the weather.
With state after state going dry,
with the gross earnings of the great
railroad companies and immense manu-
featuring corporations fading away;
the income tax revenues Will be added
to the list of sufferers before very
long. And this may be listed as one
more argument for the rail rate ad-
vance.
Regional Bank Regulation.
1t is understood that the constitu-
tional regulations for federal regional
banks will be given out with the first
of next week. That they will be any
thing nsore than simple and natural
formula for the governing by directors,
the fixing of rates for discount in the
various regional districts and the usual
arrangements for the conduct of the
institution is not expected.
Stock Exchange Opening Plans.
1t is stated that conferences between
the editor of the London Statist, Sir
George Paish, and Basil B. Blackett.
English representatives; New York
bankers and stock exchange members
have resulted in the proposal of tenta- !
tive plans for the reopening of the ex-
change.
Short selling, for a period, would be
prohibited, at least until the exchange
machinery shall have proved itself to
be working smoothly. All foreign sell
ing of American securities by foreign
holders to be "earmarked as payable |
in clearing house funds" an extension
Of call loans by banks and an arrange |
ment to increase financial facilities by
1Oa15 per cent in excess of these loans, |
as represented by the reports OF money |
outstanding on call.
Sixth Cali on Syndicate.
The sixth call on the gold pool has |
Just been received and is for 100000.
1t will not be long before Washington |
bankers will be called upon for another |
assessment on their contribution.
For Holders of Little Steel.
1t is not considered good form by reg
ular exchange members 10 make PUBIC
quotations from the New street mar |
ket. the open curb of New York. but 1T |
is for the satisfaction of holders Of !
Little Steel that this information is !
given. Steel common is higher on the |
curb than before the cutting of the |
diyidend-407s bid and AK asked.
Cotton.
From Friday of last week up to Fri |
day of this week, both days inclusive,
there have been shipped from all ports |
for foreign consumption 1904 bales |
OF cotton.
serve board declares that the cotton
pool will be a success. that many bank
ers who at first opposed it were now |
fayorably inclined thereto.
Cotton for December delivery sold at |
ia cents pound yesterday. and there |
seemed to be a good demand at the |
price. This would seem to indicate that |
the pool, based on cents a pound for |
the cotton, would be in no danger of
having loss to charge up to its men,
bers.
n IA