The Washington herald., 1920-11-18

change.
o. H. p. Johnston, vice president
of the National Metropolitan Bank.
was reelected to the office of treas
nrer. while Carol C. Glover. jr..
member of the firm of. Glover and
Flather. was elected secretary to
succeed Allan f Walker. Mr..
Walker was reelected to the board
of governors.
George o. Watson. president of
the Liberty National Bank. was the
new member appointed to the board.
supplanting Daniel Frazer. There
are six members of this committee
elected to serve three years each,
two terms expiring each year.
Material improvement in demand,
and greatly Increased interest in
local securities was manifested In
yesterdays session on the Wash
ington Stock Exchange, when one
of the heaviest trading days of the
year was recorded. Sales of Wash
ington Gas and Capital Traction
bonds in huge denominations fea-
tured the session. 1t was strictly a
bond day, with the above-named Is
sues evenly sharing the honors.
Capital Traction 5s securities
were in great demand. S3I. 900. face
value. being disposed of in denomi-
nations ranging from $500 to s25, 900.
The opening sales of two $500 bonds
were recorded at ST34 TO be followed
by sale of S25.0O0. which brought
the price down to 81. An increase
of 4 of a point was recorded with
the next sale OF, $1,000. after which
the price declined to 81, which held
during the remainder of the session.
Washington Gas 5s also suffered
mild slump, opening at IS, declin-
Ing to 1854 on the next sale of
$1,000. then to 755s and 75A on the
next two sales of $4,000 denomina-
dons. sale of $1,000 then follow
ed. which brought the quotation
back to IS. to be followed by an
other drop of Il of a point. and
closing at IS. the opening price. on
$1,000 sale. which was made after
call. Twenty-eight thousand five
hundred dollars of these securities
were traded in.
Three sales of $1,000 each of
Washington Railway As, C. & P
Telephone 5s and Potomac Electric,
common. at 5SA, SO and S2Ia, re-
spectiyely, we're also recorded in the
bond list
In the stock list Is shares of Cap
ital Traction changed ownership at
S5A and S5l:; 13 shares of Eanston
Monotype. opening at 1919 and clos
ing at 50; ) shares of railway pre-
ferred at 56at; shares of District
National Bank at 170. and IL shares
of Columbia Graphophone. common,
Comptroller of the Currency Will
Jams has announced that. according
TO the figures received from all
national banks of the country as of
September S, 1920. show total re-
sources OF s2f SS5,4SO.O 900, same be-
ing reduction of 1911, PSI. 900 since
June 80, 1920.
Total deposits of like institutions
outside of New York City increased
s95.512.0O0. while a reduction of
s4Ss.l62.oO0 is recorded for New
York City banks.
An increase OF $93.5T2. 900 in bills
payable and rediscounts since June
20 is shown, while cash on hand and
balances with Federal Reserve
banks totaled s2.195.O43.O0O, which
represents an increase of S15O,63O.-
WV sONCA nguTeS.
Edward ]. McQuade, cashier OF
the Liberty National Bank. and To-
cal director OF Mergenthaler Limo
type, returned to Washington yes
terday morning after attending a
meeting OF directors held in New
Factory Building, Brooklyn, on
Tuesday.
The usual dividend of 81. per
cent was voted payable December
81 to stockholders of record De-
ccmber Z.
Attorney Il. Il. Dickey will again
address the advanced class. Ameri-
can Institute of Banking. tonight
on the subject of insolvency and
Bankruptcy.
The Postofiice' Department has an
:lounced that the net increase in
postal savings deposits for October
was $l,1OO.OO0, as against SI,5O0,OOO
In September. The total deposits in
the United States, on November 1
were $1s2 s2.S51.322.
CANADIAN COAL SITUATION.