The Washington herald., 1920-12-31
HARPER SELECTS
COMMITTEES TO AID
ACCEPTANCE BODY
Haynes Is Named Chair
man of Local Trade
Council.
BANNER LOCAL DAY
Graphophone Preferred Runs
Away from Other
Securities.

Col. Robert n. Harper, president
of the District National Bank ana
president of the District OF CO.
lumbia Bankers Association, has
announced through Harry v.
Haynes, local secretary, the election
OF six members of the association
TO act as a committee on trade ac-
ceptanceA
The members appointed consti-
tute the following names: Harry
". Haynes, president of the Farm
ers and Mechanics National Bank
Of Georgetown, has been named as
chairman of the committee: George
L. Starkey, National Bank of Wash
ington; George o. Watson, Liberty
National Bank; Julius /. Peyser, Sc
curity Savings and Commercial;
Erskine Gordon. Continental Trust
Company. and r. v. Fleming, RIGGS
National Bank
II will be the duty OF the newly
formed committee to keep in touch
with the national activities in con-
nection with the work of the Ameri-
can Acceptance Council, co-operat-
ing with that body whenever pos
sible.
As president Of the local bankers
association, Col. Harper, 1t is an
nounced. Is vested with authority
TO appoint q committee Of this kind.
having been invited to do so by the
American Bankers Association.
Trading on the Washington Stock
Exchange yesterday morning reach
ed its peak, for no other reason
than the fact that IL was the last
day on which sales could be made
for the purpose of lessening income
tax payments. The session was by
far the most active OF the year.
si4,6oo. face value, in bond sales
being recorded, together with stock
transactions totaling 1850 shares.
Columbia Graphophone common
stock again led the market, ten
sales OF 100 shares each, at az,
finding their way into the sales COL
umn- The preferred stock of the
above company was traded in to the
extent Of zoo shares at 5s15. wash
tnFton Gas was active to the amount
Of twenty-five shares at 3S; Com
merCial National Bank came in for
two sales Of ten shares each, the
irst at 16s and registering a gain
OF = whole point on the next trans
sction. at 169, while Mergenthaler
Inc type concluded the stock trad
ing with a sale OF ten shares at
1IS&, a quarter of a point decline
over yesterdays close.
Railway per cent bonds enjoyed
moderate activity, $4,000. face value,
changing hands at 57k. Capital
Traction SIS were traded in to the
extent of $4,000 at s5&. and $4,000
City and Suburban SIS were disposed
of at So.
Capital Traction stock scored an
advance Of u of a point on the last
two sales, aggregating 100 shares,
at S2S.
The Mexican Embassy is in re-
ceipt of advices stating that there
will be established very shortly in
the City of Mexico seven American
banks. The American bankers, II
is said. are ready to invest in Latin
America not less than 81 200, 900, ,0OC
in banks and various industries. and
Mexico has been preferentially cho-
sen for said investments.
John 3. Cochran. president of the
Franklin National Bank is again on
one of his frequent visits to Staun-
ton, Va
StockholderS of the Union Trust
Company wilt hold a meeting on
January IL at which time directors
for the ensuing year will be named
Advice was received by the var
ious banks of Washington from the
Richmond bank yesterday morning
to the effect that the permanent
Fourth Liberty Loan AZ per cent
bonds would be ready for distribu-
\ tion beginning January 8.
According to oficial advices. nc
new financing by the Washington
Gas Light Company will take place
at this time.
NEW YORK PRODIICE