Evening star., 1920-11-15
1920 TRADE FIGURES
SET HIGH RECORD
First Eight Months Exceed
Any One Year in Non
Contiguous Commerce.

Trade Of the United States with its
non-contiguous territories. will make
new high record in the calendar year
1920. according to we'll informed banking
circles. In fact, says statement IS
sued by the National City Bank OF New
tisuous territories in the eight months
ending with August Of the current year
was greater than In any complete cal
endar year preceding.
what Term Includes.
This term includes. Of course. the
Philippine Islands. the Hawaiian Islands.
Alaska and Porto Rico. The total trade
the eight months ending with August.
1890, was $500. 100000 against 1888 3.0OO.-
900 in tine full calendar year 1919, and
s2Ss,0oO.0oo in the full calendar
year Immediately preceding the war,
1913
In the single month of August 1920.
the latest for which figures are procur-
able the total was $11O.000.00o against
so0.O0O.8 zoo in August OF the preceding
year, and while it Is scarcely probable
that this very high monthly record Will
continue during the remaining four
months Of the year 1t is quite apparent
rhat the trade with the territories in
question will, in the full calendar year
1920, exceed $500, 100000. against $523,-
100000 in the full calendar year 1918.
LindRey's New Headquarters.,
The Washington branch Of Lindley
& Co.. New York stock brokers, which
las been located in the Southern
building for the past year and a half.
opened its new headquarters at 1414
III street today.
The home office Of this firm. which
is one Of the Oldest Wall street brok-
srage houses. is at 50 Broadway. and.
according to George A. Garrett, the
company's Washington representa-
tive. the firm has contemplated secur-
ing larger quarters in this city Tor
some time, but has been prevented on
account of the perplexing housing
situation.
Carpenters are still at work in the
rear of the building. but Mr.. Garrett
said today that he expected every
thing to be in readiness by Wednes-
day..
Liberty Loan Interest TeaAy.
Subscribers to the second liberty
loan in this federal district will re-
9eas 1efs a. as aneu1 today
Small investors. tt has been found
at previous periods when interest
coupons fell due, are by no means as
prompt as big investors in cashing
their coupons. Although this Is ac-
tually Of benefit to the government. the
Treasury Department desires all bond
holders to profit by their investments
10 the fullest extent by cashing their
coupons when due. Proceeds may be
invested at attractive rates OF inter
est in government savings stamps or
Treasury savings certificates.
Attorney R B. Dickey will take
Protests" as his theme in his ad-
dress before the elementary class Of
the American Institute of Banking at
also conduct q quizz on Endorsements
and Negotiable Instruments" q sub
ject he spoke on at the last meeting
of the class
Me0aale VIII Attend Me<tiax.
Edward J. McQuade. one Of the two
Washington directors Of the Mergen-
1haler Linotype Company. will leave
tonight for New York to attend a
iirectors meeting Of that COMPANY
the stockholders meeting. which will
be held Wednesday. 1t is expected
that both Mr.. MoQuasie. and Frederic
ID. Mokenney. the other.1ocal director.
will be reelected to represent local
stockholders in the company.
Trading on the local stock ex-
change today was alt transacted
after call. when eight shares of Con-
tinental Trust Company stock were
sold ut 11o. three shares Of Lanston
Monotype at S0% and ten shares OF
Washington Railway and Electric
prefefred at 5SE
Bold sales were light also. Two
$500 Washington Railway and Elec-
trio 4s were disposed of at So, while
solidated So brought 80.
Extension until June 20. 1921, of the
time during which national banks may
make. extra loans on liberty bonds
was made today by Controller of the
Currency Williams. with the approval
Of Secretary Houston Of the Treasury
Department.
Though national banks may not, un-
der normal conditions. loan more than
10 per cent Of their unimpaired capi-
tai and surplus to any one person or
firm. authority was given them to
make additional loans on liberty
bonds and Treasury certificates of in
Gebtedness until December 81 next.
This privilege has now been extended
six months. but sos in government
securities must be put up to secure
every 800 thus loaned.