Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-11-04
INVESTORS ARE BUYING
IN INCREASING VOLUME
Monthly Disbursements Long With
held From Local Field Are Now
Returning More Freely.
Lanston the Favorite-Controller OF
the Currency Seeks Much In
formation From Banks.
BY I. A. FLEMING.

BY I. A. FLEMING.
Business on the Washington Stock
Exchange today showed a decided I'M
provement and transactions in both
stocks and bonds increased materially
There is ample money seeking invest
meut. for the reason that but small
amount of the disbursements. made
with the first of each month through
out the entire year, has been returned
to the investment field.
Now, however, with prospects of an
Improvement in business, with returns
tempting, the investment movement
seems to be gaining with each sue
ceeding day. As yet many OF the
trades are for small amounts, but they
are growing more important and the
outlook is encouraging.
Railway common sold at SO for quo
tation lots and SO !. for odd lots; the
preferred sold at S2A. Small lots of
Capital Traction brought 81 4 and S71e:.
Washington Gas. the active leader OF
yesterdays market, was not ON the
trading list today.
Mergenthaler on several small sales
dropped to ISL. On the other hand,
Lanston Monotype shares were de-
cidedly active, $50 shares being sold at
-.
In the bond list Railway As sold at so
early, and after call at SOS. Potomac
consolidated IS, 100 Riggs Realty IS,
longterm maturity, sold at 1OOa4, and
later at 1OO11.
Personal.
Theodore j. Moore, secretary of the
Washington Chapter. A. l. B., has re-
signed his position with the National
Metropolitan Bank, and will join the
forces of the Commercial National
Bank of this city, having accepted a
position in the Canal Zone branch Mr..
Moore leaves Saturday for his new po-
sition.
Wants More Information.
John Shelton Williams. controller Of
the currency. is still anxious to know
more concerning the inner workings of
the 7.0oo-odd banks under his control,
in connection with the federal reserve
board.
Nearly every call" made has found
the list of questions to be answered
much larger than the queries OF the
preceding one. Now. however, two
large forms have been sent to all mem
Der banks of the federal reserve sys-
tenn and all banks in Washington, en-
tirely apart from the usual forms OF
the call periods, to be filled in as at
the close of business November 10. The
controller wants to know just the num-
Der of banks, national, trust companies
and savings, state, etc, doing business
with each one of the banks in the sys-
tenn; just their aggregate balances by
states, in reserve or central reserve
cities, or elsewhere; the total in each
state in each instance: the total ma
tional banks credi< balances by states
in the aggregate and of state banks.
trust companies. ETC., in the aggregate
Furthermore. he desires Information
on the following matters:
Amount of direct loans made to
banks in each state on the bills pay
able of the borrowing banks, state or
national.
Amount of rediscounts made to the
banks of each state carrying the in
dorsement of the bank for which you
rediscounted the paper.
Bills receivable purchased from banks
in each state without the Endorsement
or guarantee of the bank from which
purchased, but with the Endorsement
or guarantee of one or more OF the Of
ficers or directors of said banks from
which the paper was acquired, when
said paper is presumably SO Endorsed
or otherwise guaranteed as an accom-
mediation to the selling banks.
Interested in Loans.
Amount of loans made in each state.
direct to individuals. firms or corpora
lions, other than banks. who keep de-
post accounts with your bank.
Totals for each state of loans or
hills receivable of individuals. firms or
corporations who keep no deposit &C
count with your bank. purchased w
your bank as Investment, with no
guarantee or Endorsement of any bank
and without the Endorsement of Of
ficers or directors of the bank from
which it may have been purchased.
The amount of the proceeds of Sc
curities, purchased from banks in each
state with agreement, verbal or writ
ten, on the part of seller to repurchase.
il requested to do SO by the pur-
chaser.
Total for each state. whether loans
or advanced. direct or indirect, made
TO banks. individuals or others not in
cIuded in any of the foregoing CLASH
fications. ACCOMMODATING statement with
brief explanation as to general char
acter of paper included in this kind
Then the controller wants the totals
of these various amounts. together
with:
Amounts of all commercial paper
ard loans secured by collateral. or
not secured. on time or call, or par
ticipation in such loans, placed by you
for your correspondents, national
banks in reserve or central cities.
Amounts of all commercial paper or
loans secured by collateral or not Sc
cured. on time or on call. or partict-
pations in such loans placed by you or
your correspondent, national banks
outside of reserve and central reserve
cities.
Amount Of all commercial paper and
loans secured by collateral not Sc
cured, on time and call or participation
in such loans placed by you for your
correspondent state banks. trust com
panies lin both reserve and non-re-
serve cities) u.der conditions similar
to those relating to the loans in col
umns and B"
Preparing for Congress.
The answers to these questions will
make interesting reading, probabl In
the controllers annual report to Con-
gress, although it will require some
hustling to tabulate and get 7,000-odd
records of the size that the answers
TO these interrogatories Will necessi-
safe
with other data in connection with
the regular call, about due. and prob
ably scheduled for the same date, No
vember 10, when responses to the new
questions are TO be made. there is suffi-
cient work ahead TO up the sur
plus energy of the clerical forces of
the banks, and, in the compilations, OF
the Treasury clerks well.
The same questions were asked six