Evening star., 1920-11-17
]. S. CERTIFICATE
SUBSCRIPTION HIGH
Series D, 1921, S Per Cent
Securities Amount to
S232,124,0O0.

Secretary of the Treasury Houston
announced today that subscriptions
to the series D. 1921. per cent Ger
tificates of Indebtedness dated NO
yemher Is and maturing May Is, 1921.
amounted to $232124.0e0. The issue
sabin In ODtiMistie.
In an optimistic statement on pres
ent conditions just Issued, Charles H.
Trust Company Of New York. says. in
part:
There is so much in the present
situation to inspire confidence and
hope for. the future that 1t is little
short Of criminal for any one to point
the picture so blackly. through either
Ignorance or intent. that these vital
facts are obscured."
In citing a few pertinent facts, Mr.
sabin says that the country will har.
crops in its history. its transportation
congestion having been relieved and
it's railroad system for the first time
In a decade being on sound financial
and operating basis.
Outlook ls PeomisfaE.
We have passed through a national
election. and are assured four years
of sane administration of public af
fairs" he continues, and our bank
ing system has withstood the greatest
credit strain in its history. and is on
sound and workable basis. The ac-
cumulated surplus of five years of
splendid prosperity Is stored in many
the markets OF the world demand ou,
products and d great mercantile ma
rine is prepared to transport them. >
He contends that the country has
any OF it's underlying activities. and
faces no program o. readjustmen mt
along these lines, such as usually
iprecipitates panic conditions.
He concludes his statement by de.
clarinK the country to be in tn.
soundest financial. industrial and po.
| liticsl condition of any important ma
| tion in the world.
| Clearing House Meeting.
] The Washington Clearing House
Association will meet tonight at the
! Metropolitan Bank building TO discuss
| the proposed change in banking hours
for all local banks, and an effort will
4 be made whereby some arrangement
will be outlined suitable to all banks
concerned.
+! Postal Savings Deposits Iacrease.
| The Post Office Department an
nounced yesterday that the net in
! crease in postal savings deposits for
! October was S1,1G0.eoo. as against 81,
| 500. 900 in September. The total de-
DOS1tS IN Inc I nltco SIdteS Oh NOVeIn
Der / were $l62.s51, SO.
i Local Securities.
| Local securities showed d decide
upward trend on the Washington
stock Exchange today; especially was
| this evident in the bond market
where s2s500 Of Washington Gas j
per cent bonds were disposed of. al
prices ranging from 76 to 76H. and
s3l .o0o of Capital Traction 5s were
sold at from 81 to s7I. There were
also sales OF one $1,000 Washington
Railway and Electric As at ssh. one
| 81, 900 Chesapeake and Potomac Tcle-
phone SIS at sS. one $1,000 Potomac
| Electric consolidated 5s at S21..
| Stock sale consisted in the disposi-
tion Of odd lots
/ Election Of O@cers.
! At the election Of officers of the
Washington Stock Exchange held to
day all officers with the exception OF
| secretary were reelected to serve
during the ensuing year.
| c. C. Glover, Jr., was elected to sue
| coed Allan +. Walker. as secretary
Mr.. Walker being placed on the board
OF governors. George w. Walker
was also elected to the board to sue
coed Daniel Frazer.