Evening star., 1920-08-25
RAILWAY DIRECTORS
!. IN SESSION TODAY
Dividend May Wait Action
! on Potomac Electric's Ap-
peal for Increase.
ny i. A. FLEMING.


way and Electric Company will hold
q regular meeting this afternoon.
The matter of a preferred dividend
will. in all probability, receive con-
sideration, but it is unlikely that any
definite action will be taken until he
request Of the Potomac Elecritc Light
and Power Company for higher rates
!5or current has been decided.
There is no question but what the
officials of the corporation hope to
have the matter definitely settled be-
fore the retirement of Commissioner
with the local situation and the needs
of the various corporations.
Oficiais are encouraged. through the
modification of the injunction secured
by the Potomac Company against
cut in rates, to permit consideration
request will be granted.
II. S. Reside, president of the
Washington Gas Company. returned
this morning from Deer Park. Md,
months. to attend the hearing on the
application of the company for a con-
tInuation of present rates or an in
crease if the commission considers
an increase warranted by the showing
10 be made at the hearing.
Savings Gain in New York.
From New York city comes the re-
its of the savings banks of that city
\ canvass of the twenty-cight savings
banks by Dow. Jones & Co. shows that
the deposits of these institutions have
increased S95.275, 900 in the last year,
with but four of them showing de-
crease.
1t is noted with some interest that
The banks where the losses are shown
are in the white collar" district,
where the salaried employees hold
forth which is said cannot he
taken AS an indication that these
workers have not been economical
Conditions force the Salaried man to
he economical, and his expenses pre-
Clude as much saving as the higher
salaried manual worker may accom-
plsh.
Banks in foreign sections of New
York city comment on the wonderful
savings of the Italian and Hebrew
peoples
Washington Savings.
There has been an increase OF but
$500. 600 in the savings banks de-
posits of this city so far this year,
and the next statement will show a
oss. as the last two months have been
the play months of the year-play and
rest
The fact that deposits in local
banks. generally speaking. have been
receding daily has caused consider
able comment among bankers and
some nlQCS OF nOdlQlnS OIL CASH. al
though that seems improbable at a
time when conditions are relatively
serene, with no uneasiness on the sur
face, at least. Propaganda may be
accredited with some part of the loss.
according to the opinions of bankers.
while investment in high interest,"
bearing securities has unQuestionably
accounted for millions.
Corporations and firms have been
seeking credit in the open market
who have heretofore been easily cared
for at their banks-corporauons like
Sears. Roebuck & Co., Armour & Co..
Cudahy & Co, and others of the high
credit rating.
Morris Co. are out with a new
quotation of serial bonds today yield
ing around ~. and ~ per cent
There was scarcely anything doing
on the local stock exchange this
morning.
Quotations were made in the usual
prefunctory manner, with a repetition
of the trend toward lower bids des-
pite all outside influences. which ap-
pear to be more favorable in trend
Railway preferred. in which there
was some interest, was quoted IS bid
Rnd AN asked.
Lanston was quoted ex-dividend
with the bid price materially reduced.
duced-
The only actual transactions were a
sale Of Railway Is At SIS and one of
American National Bank, shares at
17a.