Evening star., 1920-11-16
NORTHEAST BANK
OPPOSES Change
Would Be Unable to Cater to
Laboring Classes in New
Hours Schedule.

Basins it's objection to inability to
cater to the laboring classes WIN
whom a large percentage of its bust
ness is transacted, the Northeast Saw
&ings Bank, at recent meeting OF It's
board of directors, passed resolution
opposing the change in banking nours
as advocated by the Washington Gear
ing House Association.
While the resolution states that it is
the earnest desire of the bank to CO.
operate and conform to the rules OF
the clearing house. It is pointed out
that unless the proposed change is
modified, and the bank be allowed to
keep open Saturday evenings. as here
! tofore. the very life. existence and
success" of the institution will be at
stake.
A copy Of the resolution was voted
sent to all banks in the District OF
Columbia.
Now British Capital Issues.
According to the American Cham
ber of Commerce in London. new capi-
tai issues for September in Great
Britain aggregated 100000 sterling,
making total of 314.5o0.o00 sterling
for the first nine months of 1920.
These figures are taken from a report
issued by the London Joint City and
Midland Bank. who further state that
during the same period in 1919 the
and that the total for the whole OF 1919
is already exceeded by the 1920 figures
by 100000 sterling. The figures for
the nine months just closed show a wide
ling in January, in March the total
reached So. .000. 900 sterling. which fell to
5000. 900 sterling in August. but in
creased 20,o0o.0oo sterling in September.
II is interesting to note that the high
est figure reached in 1919 was in De-
tember of that year. when the total
reached 46. 1000. 900 sterling. while in 1918
and 1917 the highest totals were 22.0OO,-
900 and 100000 sterling. respectively.
The report points out, says the Amer
ichan chamber. that as regards the COM
parison Of present-day figures with those
of 1913. it would be misleading to con-
1rast mere totals and neglect to take
into consideration the change in the
issues amounted to 2Ae. 600. 900 sterling.
whereas In the twelve months ended
September. 1920. they amounted to 49,
500. 900 sterling. but this in purchasing
figure OF little more than 10000. 900
sterling. In reality. therefore. IL de-
creased purchasing power be taken into
account less is being invested in new
issues than before the war.
New Director Named.
At a meeting of the board of directors
Of the Continental Trust Company. Ge :.
FRANK r. Hines was 6Iccseu a UiFeCtOT
hank Employes Marry.
Miss Agnes q. Hasse, receiving teller.
and william NJ. Dempsey of the book
keeping department Of the Federal Ma
tional BanF were married yesterday at
the Church Of The Sacred Heart. Many
OF the employees and some officials sus-
pended their work long enough to at
tend the ceremony.
LEGAL securitiea.
Trading in the common stock of the
Washington Railway and Electric Com
pany featured the activities on the local
stock exchange today. One hundred
and thirty-one shares Of this stock, In
five lots Of twenty-five shares. and one
Of six shares, sold at 20hi.
Ten shares Of Mergenthaler Linotype
brought 1861. while five shares of Union
Savings Bank stock were disposed Of at
liz.
Capital Traction sold at s51a. three
lots OF this stock totaling sixty-seven
shares changed hands at the opening
OF the market. and after call thirteen
more shares were disposed Of at the
same price
Bond sales were confined to the sale
Of one 81, 900 Metropolitan railway IS at
90h and one, II, 600 Potomac Electric
consolidated So at S2ls.