Evening star., 1919-05-06
STOCK EXCHANGES
CLOSED FOR DAY
; Bulls and Bears Discuss the
Varied Phases of Market
Conditions.
NEWS OF LOCAL BANKS
BY I. A. FLEMING.

The Chicago Grain Exchange was
about the only orgs nized trading body
In session today. The parade of the
7!th Division, A. F.. F., was made cause
sufficient to close the New York stock
market, and the Washington exchange
followed suit.
Brokers Offices were generally open
and many customers gathered to dis
cuss their favorite topic. the chances
for further rise or a break in prices
for New York stocks. There was an
abundance of optimism. An interview
with George NJ. Reynolds. president
of the Continental l-Commercial Ma
tional Bank of Chicago being dtgested
with satisfaction by the bulls.
Mr.. Reynolds said:
There were many people who
thought | was wrong when the
ermistice was signed but it is work
ing out just as | said. We are on the
threshold of the greatest era of pros
perity ever known. There Is nothing
that can stop us when the peace
treaty has been signed, the steel
price controversy settled and railroad
matters adjusted.
"Readjustment of our industries is
working out rapidly and with consid-
cradle more smoothness than we an
ticipated, and we are making good
progress to normal basis of things"
Money Market a Factor.
The continued ease of the money
market in the face of business activ-
1ty and the f1otation OF great loan
by the government Is one of the fac
tors that bulls in the stock market
emphasize continuously.
Bear arguments are generally based
on the big and continuous advance
which the market has sustained, with
the enormous growth in speculation
and the overextended loan account OF
the barAs in the New York clearing
house.
Never before has this account been
70 large, actual loans showing a total
of S5.e20.633,000 or a million dollars
greater than the total net deposits OF
the banks in the system.
Lincoln National Plans ENLARGED.
Lincoln National Bank officials are
having plans and specifications made
for remodeHng their bank building so
as to give more room to the banking
business. 1t Is part of the plan to
move the safety deposit department,
to the lower floor, which will be made
light and well ventilated. SO that the
entire banking room floor may be
given over to officers, tellers. etc.
Washington Savings Over the Top.
q nc W toll savings Dirk, one
of the newest of savings institutions.
reports that it passed it's quota of vic
tory liberty loan notes last evening
and that expectations are favorable
for 100 per cent oversubscription by
Saturday night. The banks allotment
was $4,000 and the subscriptions thus
far reported $51 900
For the fourth liberty loan the bank
was allotted $4,000 and made the very
enviable record Of selling $94,500
Personal Mention.
A. c. Flather. assistant trust officer
OF the American Security and Trust
Company. is again at his desk after
one years.and nine months on the
ocean and at the port of Brest, as
signed TO the L. s. 8. Bridgeport,
mother ship to a fiotilla of twenty
eight destroyers.
During his service this fiotilla con-
tvoyed across the Atlantic fifty-eight
suemarips chasers. work that offered
sun5ctepE excitement, with troopship
conEoyffg. to make the months on the
Brid9eH6ft pass swiftly.