Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-02-25
PRICES SHADE F|RMER
ON LOCAL SECURITIES
Lanston Monotype Shares Sold at
7O-Railway Preferred Firmer.
Bonds Slow.
Exchange Bank Elects Vice Presi-
dent-Money Is in Light Re
quest at Low Rates.
BY I. A. FLEMING.

There was some Improvement in the
volume of trading on the local stock
exchange today. with Lanston Mono
type, Washington Railway preferred
and Washington Gas all in better de-
mand and a little f1rmer in tone and
price.
Lanston opened a 6as4 and sold to 20.
to the amount of 100 shares in several
lots, and the closing was 6es4 bid and
.ok asked 1t is reported on the street
that local pool has been making some
personal observations of the com
panies activities and that this and the
president of the corporation, have been
responsible for the recent advance.
Sales of Railway preferred were at
s1A, a small fraction above the bid
price of Thursday.
Washington Gas sold at as "a az.
Norfolk and Washington Steamboat
Company stock was sold to the extent
of but twenty-five shares. the buyers
meeting the asking price of Thursday.
American Security and Trust shares
SOLD at 259.
The bond market was inactive. A
few sales only were recorded, the
prices being 9912 for Potomac CONSOLE
dated 5s. 1861. for small bonds of the
Capital Traction Company and 1o2 for
Riggs realty SIS. 1ong-term maturity.
commercial fdper scarce.
Bankers in New York and other finan-
cial centers complain of the scarcity
Of commercial paper. while local finan-
ciers complain of lack of both demand
for accommodation and scarcity of
paper.
The ruling rate on good loans here is
per cent, and from that to 6 per cent.
In New York per cent is the limit on
px-hi 10 10 fn no
had for per cent. In New York there
is but little inquiry for time money,
but the maximum is 3 per cent for five
and six months maturities
Vice President Elected.
Malcolm S. McConihe was elected vice
president of the Merchants Bank at a
meeting of the directors of the institu-
tion held last evening.
Diplomas Presented.
Members of the Washington Chapter,
American Institute of Banking. who
successfully passed the examination in
the course of banking and commercial
Law prescribed by the American Insti-
tute of Banking were the recipients OF
diplomas last night presented by NJ. D.
Rosenberg, president OF the Bank OF
Commerce and Savings.
The successful members at the recent
examination were Charles T. Beaumet.
p. A. Brunger, Fred L. Moore. Adam
Steinmetz. A. c. Muddiman. B. w. Roye,
Roy L. Neuhauser. John A. Petty. A. A.
p. Savage. J. ]. Mcdonald. Ross E. Pol
lock and Theodore j. Moore.
Bankers Plan Field Day.
The Washington Chapter, American
Institute of Banking, plans bankers
field day to be held in May of this
year.
Joshua Evans. jr.. of the Riggs Ma
tional Bank has been named as chair
man of the event, and associated with
him are John Poole. president of the
Federal National Bank; W. w. Spaid
of w. B. Hibbs & Co, E. S. Wolfe.
cashier of the District National Bank !:
G. II. Doing. with the Washington LOAF
and Trust Company; F.. b. Devereaux,
with the National Savings and Trust
Company. and Roy L. Neuhauser. with
the Munsey Trust Company.
1t Is planned to have all bankers
participate, Juniors and seniors as well.
and the committee promises that it
will be day long to be remembered.
Condition of the Treasury.
The condition of the United States
Treasury yesterday was:
Net balance in general fund, SILL
l7i.7sS
Total receipts. S2.4SS.65s.
Total payments, s1,4567s5.
The deficit this fiscal year is s57,-
45o.5S6. against a deficit of sS233O4I1
last year, exclusive of Panama canal
and public debt transactions.