Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-08-13
FRENCH 0I|ES|N
MARKET FOR LOAN
Bordeaux, Lyon and Mar
seilIe Want so, 600, 900.
New Bank Gossip.
Big VALUE IN COTTON
By I. A. FLEMING.

The French cities of Bordeaux, Lyon
and Marseille are in the American
credit market for $4,000. 900, desiring
one-half of this amount for the TAX
ing UP of a loan made in 1916. which
natures November 1.
1t Is the intention of these southern
French cities to pay off the obliga-
ton promptly. whether the new credit
that the arrangement for the loan as
requested will be contaminated in the
near future.
The funds are wanted for the pur-
chase of American goods, and as this
IL in direct line with the present ma
tional policy the loan will probably
be granted.
The French financial commission. a
ranging the details, and expects to
close the loan about October 1.
New Bank Gossip.
Washington bankers are greatly in
terested in the reports of new
bank being organized for this city.
1t is generally believed that there
are Sufficient banks here for the BUSH
ness of the capital, but they are all
reasonably prosperous. and, with the
growing importance of the city as
the capital OF the most prosperous
nation on earth. large institutions
may be expected to seek opportunity
here.
One national bank president was
approached yesterday in connection
with the proposed national bank to
be started here by western capital.
but the Interview did not disclose any
names as connected herewith
The information as to the capital.
name of the proposed bank and in
tent of location was from an I'M
Questionable source
Close Books for Interest.
Books will be closed at the Treas
ury Department for the payment of
registered interest on the third lib
for the interest due September Is and
will be closed until the opening on
the 1sth. In the closed dates no trans
fers of registered third liberty loan
Interest checks will be forwarded
to registered holders as Of August Is.
Soft-Drink Stocks.
Il has come and will probably fnd
fte way ON the stock boards of bro
kerd Offices in the near future. "Sar-
aepSrilla preferred" may be one of the
fEst quoted. Such is the rush for soft
suppIanted and Industrial Alcohol
have a new rival. as the demands for
capital to swing the growing business
will lead to an early stock listing.
Two big ~softies" are now on the
curb. and. according to gossip. will
soon md way on the big exchange.
Cotton Crop, $4,000, 900, 900.
The cotton crop Of the United States.
rotary of the New Orleans Cotton Ex-
change, is worth $2.e45, e00, 000. to
which cotton seed contributed $780,
Nj. Hester's report estimates the
value of the carry over or unsold sta
pie at s,s24,000 bales. against AIR.
Gee . year ago. Attention Is called to
the TACT that there Is a shortage Of
manufactured product the world over.
araphophone Shares Soft.
On today's session Of the local stock
exchange Columbia Graphophone pre-
ferred was decidedly soft. six ten
cham Chung le ses om 81 bands e e ds
% asked and - bid at the official
The preferred stock is not affected
BY the proposed share increase-ten
stock.
Evidently some selling orders were
placed and, lacking demand. liquidated
At the reduction. The new common
stock appeared on the quotation sheet
for Che first time. but as when Is
sued. The bid price was 49h and
the asked 49%. which would be about
4a5 to 497h for the old stock This
was quoted, however. at $50 bid. soc
asked
A few shares of Lanston sold at
esK to 6ah.
The best bid on Railway common
Was IS. with 10 asked; for the pre-
ferred 40 was hid and - asked.