Evening star., 1920-03-24
DUPONT NATIONAL
SELECTS OFFICIAL
Louis HertIe, Retired Years
Ago, Returns to Active
Life.
BY i. A. FLEMING.


At meeting Of the directors of the
Dupont National Bank, held this after
noon Louis Hertle was elected vice
president
Mr.. Hertle is one Of the best known
men in the city. having resided here
for over ten years. Hts election to
the Dupont National Bank marks his
return to business after a long vaca-
tion. and he comes back with all the
enthusiasm he showed with Marshall
Field & Co.. in Chicago. during the
long years preceding his voluntary
retirement.
The new oflcial proposes to be ac-
tive In the fullest sense of the word.
and he will find ample opportunity I'm
his chosen field. as Mr.. Spade. the
president of the bank. is not able to
give It as much of his time as he
Mr.. Hertle is on the board of trus-
tees Of the George Washington Uni
versity, and also on the advisory
board and is very active for the good
of the educational institution. He is
the owner of the famous estate Gun
ston Hall. at Lorton. Va. near Mount
Vernon. one of the historic show
places of the old state. He is also
greatly interested in the rehabilita-
tion of the old Pohick Church, once
attended by George Washington.
Bank Director Chosen.
At meeting of the directory Of the
Liberty National Bank. held yester
was elected a member of the board of
directors.
New York Clearing House Acts.
Having been informed by their coun-
sci that such action was within their
legal rights. the New York clearing
house has decided to adopt city time
Monday next, with it's new daylight
saving provision. and to hold daily
clearings and have banks, both state
and national, open one hour earlier.
List 9. o. Of New Jersey.
Standard Oil of New Jersey will start
on the New York Stock Exchange and
the street is confident of a big bust
ness in the new speciality.
Post No. II has been assigned to the
newly listed stock. having for it's
wild stocks in the present trading
movement. Rumor has it that the
500 shares of Standard Oil will be
split UP by an issue of four shares
for one of the old stock.
Look for Big Stock Issu-.
1t is declared with considerable as
surance that the Baldwin Locomotive
Company will Issue in the very near
future & stock dividend of so per
cent, one share of new stock for hold
ings Of two shares OF the present
stock, and that it will be able to main
tain the present per cent dividend
on the added capi talization. The di-
rectors will meet tomorrow. and the
declaration may be made then.
Bank Help Plentiful.
One of the leading local trust com
panies reports that the scarcity of
bank help Is over and that there is a
An actual need for several clerks,
bookkeepers. etc. and also stenog-
raphers developed this fact, a goodly
number of applications being re-
ceived.
Stock Exchange Opening.
With April the New York Stock Ex-
change will open for business at 9
o'clock, eastern time. but 10 O'Clock
New York city and state time. under
| the daylight saving act. which be-
comes effective next Sunday morning.
This will necessitate the opening of
outside private wire houses one hour
earlier than usual here. and two hours
earlier in Chicago.
Foreign Exchange.
London exchange quoted at s3,s5 per
pound sterling, French francs at
" ScTInAn al Vlfo dtiu
| lire at .051s.
Local Securities Active.
Business on today's session of the
| local stock exchange was much larger
than for some time past, quite a
number Of issues figuring more or
less prominently on the sales record.
In the bond section Capital Traction
IS sold to the extent of $4,000 at 93K
and Washington Gas IS were steady
at 86x.
Washington Gas Stock sold rather
freely at 46, but the final bid price
was slightly lower. Graphophone pre-
ferred was firmer at 81. The bid price
on Merganthaler was advanced. but
Lanston eased of on small sales
! Washington Railway and Electric
preferred brought 51A and sales of
| Old Dutch Market common stock
were recorded at 5.