Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-07-22
RUSSIAN RUbLES
STILL RESTRICTED
Limitations to Be Raised
When Allies and Reds
Reach Agreement.

Officials of the federal reserve bank
deny the report that restrictions on
the Importation to this country of
Russian rubles. involving the impor-
tation of Russian gold, will soon be
lifted.
1t was explained that as these re-
strictions were placed by the Fed
eral Reserve Board their removal
would have to be made by the board.
No action has as yet been taken by
the board in that direction, and, so far
as is known to the reserve bank Of
fcials. no action is contemplated in
the near future.
1t is thought that no steps will be
taken until an agreement is reached
between Russia and the allies, but
owing to the reluctancy of France to
resume trade it is doubtful whether
any agreement will be reached for
some time.
The State Department recently is
sued an order stating that trading
with Russia could be resumed, with
certain restrictions. Some commodi-
ties, such as war materials. cannot be
exported. The restrictions on the i'm
portation of rubles and gold. how
ever, were not mentioned in the order.
Water Bond Bids Scarce.
Owing to the inability to float bonds
at a reasonable price the intention
of the Washington Suburban Sanitary
Commi Mission to acquire new plants
will be halted. according to a state
ment issued by a member of the COM
mi ssion, but the pending work, espe-
cially on the HyattSville project, will
be continued.
The bonds of the commission pay 5
per cent and are tax free. The last
lot of bonds sold brought better than
103. but as the highest bid on the
present lot was under IS it was de-
cided that the price was too low, and
the work of acquiring the Mount Raj
nier and other plants in nearby Mary
land was postponed for the time be-
ing.
In the latter part of June the COM
mission opened bids for sewer con-
struction in Riverdale. Brentwood,
Martins Addition to Chevy Chase and
a trunk line in Little Falls valley,
which totaled about s250.000 and. ex-
cept in Martins Addition, were fairly
satisfactory in price, and the work on
the Little Falls trunk line, Riverdale
and Brentwood would have gone on
if the bonds could have been sold at
a. fair price.
will again offer the bonds for sale
next fall. and if the price offered is
satisfactory the work of acquiring
and connecting up existing plants in
Montgomery and Prince Georges
counties will proceed.
1t is pointed out that unless the
water supply of Washington is in
creased the commission will have to
obtain it's own water. A plan is under
foot. which will be adopted only as
a last resort. of damming the North
west branch near Burnt Mills, and. il
necessary, getting the water from the
PatuXent river.
TOday's Trading.
Trading in Washington Railway
and Electric preferred featured the
activities on the local stock exchange
today. Four lots of 25 shares each
sold at As, and one ten share lot
brought AN Twenty shares of the
company's common stock sold after
call at 15A.
Ten shares of Capital Traction were
disposed of at IS, while twenty five
shares of Washington and Virginia
Railway common brought IN. There
was also sale of ten shares of Con-
tinental Trust Company stock at LOT,
and two shares of Mergenthaler Limo
type brought 1861.
One $500 Washington Gas per cent
bond sold at 741a.