Evening star., 1920-06-17
TO OW0RK FOR REAL 4.
BANKING HARMONY
Committee Named to Con-
slider Uniform Hours of
Business.
BY I. A. FLEMING.

II there are to be uniform hours or
doing business for the banks of
Washington, the Washington Clearing
House Association will have to make
them effective. The District Bankers
Association in convention assembled
urged action af this sort and the
clearing house realizing the benefits
from the first convention has, already
taken up this recommendation and
appointed committee composed of
Harry v. Haynes, chairman. George
W. White and Robert Cissel. to for
mulate a plan of action to be present.
ed to the full clearing house associa-
ton at a meeting to be called at
later date.
This committee will meet neXt
week ANY one who may desire to
offer any suggestions Will commuhl-
cate with the chairman, Mr.. Haynes,
at the Farmers and Mechanics Ma
tional Bank or the other members OF
the committee.
1t is understood that this committee
will recommend uniform action in the
matter of interest paid and charged.
not with a view of increasing rates,
but rather with a view of keeping
them at normal and making them uni
form.
Emectlve June ~Ss
With June %. the new rules for the
transfer Of funds from Richmond to
local banks via the Treasury and for
the settlement of clearing house
debts through credits to creditor
banks via wire through the Treasury
to the Richmond Bank will become
effective, the needed revision of the
bylaws of the association having
been accomplished at a meeting held
yesterday.
This great Improvement will be well
ccmed by bank officials charged with
the daily task of making settlements
either in cash or by credits on New
York or elsewhere.
Today's clearings were S3.3S4.000.
and there was much telephoning be-
tween banks in making the settle
ments of debit balances.
Bad checks will be payable at the
clearing house rooms, National Met
ropolitan Bank building. at 2 pm.
daily after June 2S
Local Securit Market.
On today's session of the local stock
exchange Capital Traction 5s were
traded in quite freely at S4, with the
final transaction at S3a4
Railway As brought 1870 and the
! preferred shares of the Washington
Railway and Electric Company sold
at 40.
Foreign Exchange.
The Guarantee Trust Company OF
! New York reports rates today as fol-
, lows: London. 4.02: francs, .0S07;
marks, .O275, and lire. .0599.
Treasury Certificates Oversubscribed.
The Treasury Department reports
oversubScription to the two recent is
sues Of Treasury certificates. bearing
| 5 a per cent and per cent interest
rates, maturing June in six months
and one year. The allotment was
$400, ,000,0 900. 1t was natural that the
| 6 per cent issue should be oversub-
scribed. Banking men generally hold
| that the government should not have
| put out per cent certificates, as it
tends ito harden money rates, already
hard enough.
Dividends Declared.
The Real Estate Title Company will
pay a semi-annual dividend of per
cent, July /, to shareholders of record
June 81, books remaining closed to
the 30th inst, inclusive.
The Columbia Title Company will pay
a semi-annual dividend of per cent,
payable June 80, books closing June 21
to 80.
The Security Savings and Commercial
Bank will pay it's regular quarterly divi-
dend of 3 per cent, June 80, books clos
ing June 25.