Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-06-12
SOME FEW FACTS =
IN BANK MATTERS
Boston Publication Names
Some New Directors for
Commercial National.
DIVIDENDS ARE DECLARED
BY I. A. FLEMING.

From the great mass of rumorS that
have been given more or less pub
licity in one way or another. this fact
stands out alone as a confirmed and
undeniable statement. to wit: finan-
cial interests not entirely known, but
more or less connected with Boston
and New York, have acquired 5000
shares of the capital stock of the
Commercial National Bank, paying
therefor 5000 a share.
AS the capital stock of the Com
mercial National Bank is S1.00O,000
the control has not been acquired. and
yet that does not mean that a suftici-
ent number of stockholders would not
vote with the new shareholders to
accomplish that which would be for
the welfare of the institution.
II may he that in the future. but
scarcely in the immediate days or
weeks TO come, some of the preten-
tiouS plans for merger and comolna-
lions that have been mooted may be
brought about. but the developments
that were promised in some quarters
as certainty of yesterday did not
= materaliZe. nor do they look like
nearly consummated propositions.
From a recent issue of a Boston pub
lica tion, little late usual in get
ting the news, we learn that interests
connected with the Metropolitan Trust
Company and the newly organized.
but not operative Citizens National
Bank have purchased 1.-THE holdings
of Frank +. Hartman in the CONNER
cial National Bank of Washington"
Mr.. Hartman sold part of his stock
and sent in his resignation as d.
rector. but he is still a shareholder
and the big block of stock purchased
came from several holders.
r The same authority quoted declares
that Guy y. Ham, a brother of the
president of the Citizens National
Bank; Chandler NJ. Wood president OF
the Metropolitan Trust Company, and
William H. Stickney, vice president of
the same institution, will go on the
Commercial National Bank"
Furthermore it is stated that the
purchase of the stock in the Washing
ton institution will bring New Eng
land and the south into closer con-
bank The same authority mentions
the assets of the Commercial at over
$4,000 900 when they are really over
100000 or about these figures.
1t also is within the probabilities
that Guy T Scott, vice president of
the Continental Trust Company. may
represent some outside interest in
the Commercial National directory,
unless such action would conflict with
the Clayton law as interpreted by the
Federal Reserve Board.
Perhaps in time some further de-
velopments may discover the intents
and purposes of the new blood in the
Commercial National Bank.
Dividends Declared.
The Capital Traction Company yes
terday declared a quarterly dividend
on the capital stock of the company
of IL per cent, payable July 1 10
shareholders of record June IA.
Directors of the Continental Trust
Company have declared the regular
quarterly dividend of 1la per cent
payable June 80 to shareholders of
record June 90.
The District Convention.
Members of the District Bankers
Association should attend the first
Estate convention of the association.
) at Deer Park on the 25th and 26th
instant
They probably favor the suffrage
claims of the District and should lend
every aid to make the first important
movement in the banking line in the
direction of state convention
great success.
The younger generation of bankers.
the men who generation hence will
be at the head of local banks. have
taken hold of their end of the work
with unquestioned enthusiasm and
with intent to success. 1t is to be
hoped that the heads and many direc-
at roll call
Seek Saturday Closing.
A petition has been presented to the
board of governors of the New York
Stock Exchange asking closure of the
exchange on Saturday. and another
seeking closure Saturdays in July
The first resolution has been denied.
On the Local Exchange.
Bonds occupied the attention of
traders on the local Stock Exchange
today. Sales were made at 96% to
96i2 for Washington Gas 5s, 921h for
Metropolitan railway IS. the first
sales for many days; SO for Railway
As and 921a for Potomac Electric Con-
soldated SIS.
The only stock sale was of Capital
Traction at 92A.
Bid prices on the usual trading
stocks showed a fairly firm tone to
the list.