Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-09-14
PRESENT VALUATION BASIS
FOR COMPUTING RETURN
New York Federal Judge Orders Abandon
ment of Non-Paying Feeders Siitua-
ton There Very Unfavorable.

DanK buildings rapidly approaching
completion, that WILL when ready for
occupancy. be a credit to Washington.
The new home of the Liberty Ma
tional Bank, now the Liberty Savings.
on the corner of 18th and l streets, is
nearing completion, also the new
home of the Citizens Savings Bank
on New York avenue near 18th street
northwest, while the remodeled home
of the Merchants Bank is about ready
for its tenant.
The only important vacancy of
property to follow removal of any of
these institutions will be the present
quarters of the Merchants Bank.
No indication is given as to the
probable tenant, although former
banker will have the say and is
known to be anxious to recover pos
session.
Federal Bank Service.
With a view to giving it's patrons
the quickest and most efficient service
possible. the Federal National will
inaugurate on Monday morning a new
system combining the paying and
receiving departments into one large
department, where all of the tellerS
at the various windows will receive de-
posits, cash checks, make up pay rolls,
give out change. certify checks and fur
Eish drafts to customers.
Cnder tho Old system of separate
departments there are times when
only the paying tellers are busy, and
vice versa. On such occasions, nat
urally. the tellers of one department
cannot leave their cages to go to the
other department to assist. Under
the new plan all these experienced
teilers will be put into one depart
ment, thus giving the maximum of
efficiency, dispatch and accuracy
throughout the day.
Foreign Trade Review.
Developments of the past fortnight
which have indicated a growing in
dustrial stability in Europe are
summed up in the current issue of
American Goods and Foreign Markets.
the fortnightly review of foreign
trade conditions issued by the Guaranty
Trust Company of New York. The re-
view. which gives in detail some of
the commercial and industrial hap
penings in the most important coun-
tries in the world. says, in part:
Continued weakness in the foreign
rates prevailing in New
York has served to increase the bur-
den under which the exporter is
though the Edge bill, as amended,
has passed the United States Senate,
it is yet to be acted upon in the other
house. None of the general schemes
for financing Europe has yet re-
ceived the complete support necessary
for bringing it to complete fruition;
the situation, generally speaking, re-
mains unchanged: Until the govern
ment has decided what form it's CO.
operation with industry and finance
shall take. conditions cannot be ex-
pected to show sudden or far-reaching
''The credit side of the account,
however, is not by any means a blank.
exports have undoubtedly
fallen off, the demand is still strong
and inSiStent, and the slow but steady
increase in imports is itself a sign of
that strength in Europe which must
be antecedent to any final adjust
ment.
Industrial Situation Better.
1.-The industrial situation in Eng
land. France and Italy. if increasing
can be called criterion,
is decidedly better than it was sew
eral months ago. The exports of
Great Britain, not to the United
States alone, but to all markets which
were accustomed to look to England
tendency. None but the most pes
simistic can fail to see in such a turn
of affairs a gradual shaking off of
the postwar lethargy. which for
while had the workers of many coun-
tries in it's grip. 1t can only mean
that workers have begun to see the
force of the arguments which have
pointed out that production is the
primary need of the world.
Moreover, so far as Great Britain
is concerned, the removal of the en-
barge on an important list of manu-
featured products as of September l,
whatever it's political significance,
cannot fail to be of benefit to the
American manufacturers in many pri-
mary lines. 1t is indicative, also, Of
British belief in the ability of ali of
it's industry. save that in the unstable
key group, to compete with American
manufacturers in the home market,
and of British finance to stand the
strain of a wider range of imports.
Shipments of gold. from New York
to various countries in which ex-
change had moved against the United
States have served to restore the par
relation, and so have made it easier
in those countries. Trade with the
far east is in a decidedly healthy
state, Japanese buyings, and those Of
China as well, being in great volume.
Re-establisAlment of trade relations
with Hungary provides an immediate
market for such manufactured prod
ucts as can be financed. 1t also in
which has been increasingly apparent
in central Europe for the. last few
months"
CORN PRICES FALL; OATS
AND PROVISIONS DFcI INF