Evening star., 1918-04-11
LOCAL BANKS RECEIVE
LOAN APPOR1ONMENT


6Wuv Iuu V1tIuV1 Stus6iSb
By I. 4. ELEMINo.
Tns apportionment Of the third liberty
loan among the banks Of tho District
of Columbia, AZ based upon total re-
pleted by the NTH regional bank Of tho
federal reserve system at Richmond.
The national banks are apportioned as
follows:
American National, $4,000; Columbia
National, .Z1o.7o0: Commercial National
$1.769,100: District National, $55s,s0o;
Dupont National. Ss2.1o0: Farmers and
Mechanics, 314s.7o0; Federal National
s376,soo: Franklin National, s1ss.1oo;
Lincoln National, $264.2oo; National
Bank Of Washington. ss11,1oo; National
Capital Bank, $11s.ooo; National Metro
politan. ss54,70o; Riggs National ST.
AIS. 900, and Second National. s1s1,5
The six trust companies apportion-
ments are distributed as follows: Amer
lean Security and Trust. $1.1ss.4oo; Con-
tinental Trust Company. $343.soo: Mum
sey Trust Company, $569.6o0: National
Savings and Trust. $725.7 Union
Trust Company. $51s.7o0, and Washing
ton Loan and Trust. s74s.b0o.
The savings banks were apportioned
as follows: Anaoostia Bank. :2s.5oo;
Central Savings. $1S.s0o; East Wash
ington. s45.7o0: Exchange. $26,1oo
Home Savings, $461.80o; IndustriaI.
1850: EQUITY; ;s1oo; Liberty, sla.tSo: ~ 400:
North Capitol, s27, 500: North East. So 100;
Northwest, $12,S0O; Park Savings, $46,-
900; Potomac Savings. $4,000; Security
Savings. S131,5oo; Seventh Street saw
Sss, 800; Union Savings s11s,2oo: Wash
inston Savings ;l.soo.
Expects Big oversubscription.
That the treasury Department expects
Q very large oversubscription Is evil
denced from the allotment for the Dis
trict Of Columbia. 312.s74 400, Wilde the
national banks alone subscribed TO VIZ
4s9, TOO Of the bonds Of the second liberty
loan. the trust companies took N.1o7,-
500 and the savings banks many times
their present apportionnent The ma
tional banks and trust companies took
about SIT. 100000 of the first liberty loan.
The only, comment on the part of the
banking fraternity is a slight regret
that the campaign has been made SO
long, covering four weeks, while half
of thlt time might have been sufficient.
but With the present brand Of weather
prevailing it may be the matter Of wis
dom that there Is ample time for the
sale to proceed
Bankers, too, are Of the opinion that
either of the other issues: that real
patriotism 10 coming to the front in
larger degree.
Must Settle Indian Exchange.
Because Of the very heavy imports Of
jute Tor bag material from India FOR
India. and against the United statsa
Should the latter so into the open
producers Of the white metal would
exact . large price, and to avoid In .
degree this penalty the Pitman bill for
the purpose Of permitting the with
from the Treasury has been introduced
The dollars are held against like
amount OF silver certificates. which are
to be Withdrawn from circulation az
rapidly - possible, and one and two
their place, to be secured by certificates
OF indebtedness and one-year gold notes
The bill also provides for the purchase
price Of one dollar an ounce. which would
tend 70 inerease produe.aen and make
the government buying In 20 far a.
possible the product.
New York Central Dividend.
The regular quarterly dividend Of III
per cent on the atock OF the New York
!. ThAk the directH1 poatpone action
March !. and havs now taken action
10 . practical assurance that the gov-i
ernmsnt has given its approval to the
distribution The ccmpany'a thres-year,
average net earnings were about IL per-
cent. ~
The Law Of Contracts.
This IL tho subject Of the series Of eight
lectures. the first Of which win be given
by Norris 7. Wampler. former assistant
district attorney. before the Washington
Chapter. A /. B., tonight At the chapter
rooms, 1214 street northwest
Southern Railway Earnings.
For the fourth week of March the gross
earnings Of the Southern Railway Com
pany were 3a.ss4.sss. or 3eo4,ab5 greater
than for the same week Of last year. a
gain Of 1915 per cent: for the month Of
March the gross earnings. I'll. 336, ,636. were
ss.s1s.sst larger than for the same month
last year, 14.31 per cent gain.
For the calendar year to March 81
4ss.1Ss. were SxSS1. .i13 in sxcess Of the
same period in 1si7. . 1874 per cent
x0x8Ou84 m0uC10Q.
Peter Drury, president Of the, Msr-
chant1 Bank. Is In Florida on q vaca.
tfon trip.
Strong Local Market.
There was decided Improvement In
the local stock market. a. indicated by
the transactions on the afternoons
session.
The declaration Of the dividend on
the WASHINGTON Gas shares yesterday
and the belief in the ability of the
corporation to maintain the rate. or
even make slight increase before very
long. caused this stock to advance to
so, with sales Of thirty shares at that
price.
More or less frequent conferences be-
tween committees representing the local
traction companies, In an effort at
q basis Of union Of some kind, and the
belief that consolidation will be ef-
fected. also tended to Increased
strength in Capital Traction shares.
The bid price was advanced today
from the SO of yesterday to 81, and
ninety-fve shares, in lots. were sold at
that price with the bid repeated, with
AL stock of the market.
commercial National Bank rights vere
active In small way. breaking to III.
from early sales. small. at IL, and be-
tween the high and low.
Traction 6s were steady at %: Rail-
way and Electric lS Of