The Washington herald., 1920-11-20
BANK HARMONY
AGAIN EXISTS
LEGAL Clearing Houses Aetiea Re
stores Good Feeling Among
Financial Institutions.
NEW COUNTERFEIT BILL OUT
Washington Gas IS Feature Fairly
Active Session on Local
Exchange.

Harmony. for the nrst time II
months, reigned among Washington
banks and bankers yesterday. By
reason of the decision reached BY
the Washington Clearing House al
its meeting on Thursday night wher
1t was decided to defer all actor
relative to uniform banking hours
for a period Of six months. namely
June .. 1921.
Z For the past two months violent
.outbursts of disapproval which
threatened to disrupt washington's
banking mechanism have been evil
dent. coming. in the main, from saw
ings institutions and trust. compa-
nies who made the claim that the
amendments as proposed were not IN
the interest of good banking poll
cies, and that instead of relieving the
hardships of bank employees the re-
verse effect would exist.
Until June 3, local bankers agree
will provide ample time for the saw
ings and hational banks, and trust
companies Of Washington to get to-
kclncE anu tuOIOu6hAy thAcoh ehe
matter out among themselves, which
Investigation will give a more def
mite idea of just what hours would
best suit the public.
All banks in the city will continue
to operate under the schedule now
in effect until further notice
Heavy trading in Washington Gas
Consolidated 5 per cent bonds again
featured the session of the local
exchange yesterday. Mild fiuctus
tions were evident. 5000 being
traded in the opening sale at rs to
be followed by another sale of like
proportions which lowered the price
to 75A. On the next two sales OF
$1,000 each, the opening price OF
rs was recorded, while on the next
sale OF $1,000 the issue slumped
to 75%.
Capital Traction SIS. another OF
the weeks leaders. was in fairly
active demand, $4,000 changing
ownership in three sales of $4,000
each at 81.
Washington Railway Electric Gen.
eral IS again broke into the active
column after call. when sales ag-
gregating $1,000, face value. found
buyers at SO. A sale Of $1,000 Riggs
Realty IS Qong) was made at STA
IN addition TO a Potomac Electric
Consolidated SIS at S2h.
One and two fraction lots of Co
lumbia GraphonoIo common stock
were traded in at 12L; five shares
OF Capital Traction stock at IS u
and two shares OF Commercial Ma
tional Bank stock at III were also
recorded.
The Treasury Department yester-
day sent out notice regarding q
new counterfeit bill on the Federal
Reserve Bank of Kansas City, Mo
The note is produced from photo
graphic plates and is clearly the
work Of an amateur, according to
Chief W. H. Moran The bill 4:
about a half inch shorter than the
genuine. and the face is brown In
stead of black, and the back blue
instead of green. The number OF
the specimen in officials hands is
J7509s02A.
Silver purchased yesterday by the
Director of the Mint aggregated
$4,000 ounces. making a total of a.
e01.317 ounces. The silver was ac-
CURED for the mint at San Francisco
under authority of the Pittman act.
Dividends were announced yester-
day by the following concerns: East
Washington Savings Bank. per
cent interest payable December Is,
1920. to stockholders of record of
December 5. 1920; American Tele-
phone Company, payment of $500
Sedens sasrS Of fan9aTg IsooTg Of ssoea ao
: 1920. The transfer books of this
company will not close. Mergen-
thaler Linotype quarterly dividend
OF 1-2 per cent on capital stock
payable December 81 to stockholders
Of December 4, 1920. This trans
fer also will remain open.