Evening star., 1916-10-16
GOOD STRENGTH SHOWN
BY TRACTION SHARES
Values Advance on Restricted Sales.
i Gas Stocks Were Entirely Neg
lected and Nominal.
Bonds Were Wanted-Interlock
Bank Directory Section of Clay
ton Act Effective Today.

The feature of the session of the
local stock exchange today was the
strength Of Capital Traction shares.
which again moved up. selling with
moderate freedom at s3 to a strong
closing at Sak, with no stock offered
under 3s% at the close. Other utility
shares were decidedly SLOW. few
shares OF Railway preferred at s1A
ard of the common at So completing
the record.
The best bid on Washington Gas was
90 ax-dividend, without offerings.
while Georgetown Gas was still offered
at &C.
Bonds were in good demand. with
sales sof Capital Traction SIS at JOG;
Railway As. at SIX to S1A, with
small bond at s11a. and of American
while Io3 was the closing asked price.
Chapter Meeting.
The local chapter of the American
Institute of Banking will hold the
opening meeting of the year Thursday
evening. when reports will be received
from delegates to the recent conven-
tion of the institute and work for the
coming year will be outlined. Special
features have been prepared for the
entertainment of the members.
81 Banking Law Effective.
The interlocking- directory section of
the Clayton law, forbidding the hold
ing of dual positions as bank officials
directors or employees of more than
one bank, without the consent Of the
federal reserve board, is in full effect
today, the interim since the passage of
the act being given to permit of ad-
justment of matters and the retirement
from other directories where necessary.
Among changes which have not here
tofore been made public in this column
are the following:
Tucker K Sands resigned rom the
Dupont National. and H. W. Robertson
was chosen to fill the vacancy thus
created.
F.P. Williams and william A. Simp-
son have been elected to vacancies on
the Washington Mechanics Savings
Bank board.
John r. Carmody has retired from
the directory Of the Washington Loan
of residence. This is the only change
announced in the directory.
The retirement of s. I Henry has
been announced from~the directory of
the Commercial National Bank.
No changes whatever have been re-
ported in the directories of the Column
bia National Bank. the Second Ma
tional Bank the Farmers and Me-
chanics' Bank of Georgetown, the Ana
costa Bank, the Home Savings Bank
and the Seventh Street Savings Bank.
James r. Hood, secretary OF the
American Security and TrUs;t Company
has resigned from the board Of d.
rectors of the McLa chIen Banking Cor
poration DR.. H. c. Duffy. 4 director
of the corporation, is also director
of the Bank Of Washington. and made
application TO the federal reserve board
to be permitted to remain in both posi-
rions. Permission wss granted.
The Potomac Savings Bank did not
lose any of its directors through the
operations of the new law. but there
are three vacancies on the board. two
caused ty the death of Edward L.
Schneider and George Freeman, and
third by the retirement OF F. b. LIBBY
Guy T. Scott and Nathan B. Scott have
resigned from the directory OF the North
west Savings Bank
Il is quite within the probabilities
that there are a number of persons
holding dual directorships who have
not asked permission oe the federal
reserve board to do so and who are,
therefore, technically violating the law.
and Il is also probable that number
of designations will be presented at
regular meetings Of different bank ci-
rsctO-izs this week