Evening star., 1920-06-30
RAILWAY SHARES
IN BETTER DEMAND
Common Stock Up to is 1-2,
July ! Financing Move
ment-Other News.
BY I. A. FLEMING.

Railway common gained u point to-
day on the last previous sale, a number
of shares. 80 shares in ALL changing
hands at 161; the demand for the pre-
ferred continues good, with 135 shares
changing hands at 4OA to 4o%.
Commercial National Bank shares
sold in a small way at 1721s to 172
Potomac Consolidated 5s brought
)82R.
The general list was slow, with buy
ers and sellers so far apart in their
views that trading was impossible.
Financial Operations.
Tomorrow the Treasury Depar rtment
will redeem an issue of AZ per cent
certificates. of which about $500, ,OO0, 900
were distributed in all, and will take
over the 55 per cent of proceeds of
recent sale of certificates bearing in
terest at 5 y and per cent.
Some of the maturing certificates
were used in payment of the more re-
cent issue.
The heavy disbursements on account
of July interest and dividend pay
ments call for millions of dollars, and
all told will ''churn" the money mar
ket Loans made in the call loan mar
ket Friday hold over until Tuesday of
next week Bankers think there may
be some little furry in money Friday.
May Be Three-Day Holiday.
Washington security operators may
have three-day holiday from Friday
evening until Tuesday morning. The
local stock exchange stands adjourned
during that period.
A petition signed by SOS members
of the New York Stock Exchange has
asked for adjournment from Friday
to Tuesday, and the indications rather
favor adjournment.
Steel Shareholder.
There are S7,229 shareholders of
United States Steel Corporation stock,
of whom 74,071 own common and 49,
Probable Call Date.
June 80 is the probable call date
for the next call from the controller.
1t is the end of the fiscal year of the
government.
The call is not likely to be made
until after the holidays and when it
is made will find the deposits of the
banks of Washington very largely
reduced from the totals of May last.
New Bank Absorbs Central Savings.
The Hamilton Savings Bank, a new
institution that will be ready for
and Park road northwest. in the near
future, has absorbed the Central
Savings Bank. at 7th and 1 streets
northwest, and will succeed to the
business thereof tomorrow, July l.
The Hamilton Savings Bank VIII
have a capital of 100000 and a paid in
surplus of $4,000.
The Central Savings Bank has a capi-
tai of $50, 900, resources of $911, ,413.9 81 and
deposits of $3.50. 700.42 on the last call of
1 81 of ha 4
this year.
This shows that the Hamilton Saw
ings will start out with full-fedged
branch bank, owning its own build
ing and with but a little short OF
a million in resources. Few savings
institutions in the city have started
under more favorable auspices.
Moreover. the branch is of compare
lively recent formation and has en-
joyed a rather remarkable career Tor
so young an institution.
The parent institution hopes to be
able to open for an at home on
The Hamilton Savings will have
large directory. Its official roster at
this time includes Charles w. Darr.
acting president: John II. Lawrence,
W. j. G. Thomas. and Louis Rosen-
berg, vice presidents: Charles Z.
Eckloff. cashier. and B. !. Boudren;
assistant cashier. Darr, Whlteford
q DdTT dTe ScuhSSi.
Tomorrow, when the Hamilton Saw
ings takes over the control of it's
branch, the Central Savings. the latter
will open at a M. and remain open
until 10 p. M. for the reception Of
customers and guests. the full board
heinp ON hand as a reception commit
tee. Like all banks in the District.
the Hamilton will be under federal
supervision.
Personal Mention.
Charles c. Glover. president Of the
Riggs National Bank. is at York
Harbor. Me-, for the summer.
On Tuesday of next week Charles
J. Bell. president OF the American
Bell will leave Washington for New
York city and on Thursday. sail for
England, where they will visit rela-
tiveS.
Adds $4,000 to Payments.
Checks were mailed today by the
Continental Trust Company to Its
shareholders for $4,000. the regular
Quarterly payment of Y per cent.