Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-10-25
LITTLE TRADING IN
LOCAL SECURITIES
No Disposition to Force Sales
administering and
Stocks Higher.


change was devoid of activity and the
only interest shown by the brokers pres
ent was in the making of quotation:
with holders asking even firmer price:
and buyers seeking price concessions
Neither side giving way, the result was
\ deadlocked market. so far as the usua
active shares were concerned.
Lanston. which has led the market
for the entire month. was held at S3A
but the best offer was 81, which was
one-half point lower than the bid price
of last week. Mergenthaler was like
wise held around ls1. With 1913 the bes
bid.
Railway common nominal. 52M an6
with with Is ef bYd. r'A''''" was ne'0 at 80
Sales Of several 81. oeo bonds of the
Washington Gas Company per cents
were recorded at SAC.
Personal Mention.
George ". White. president of the
National Metropolitan Bank. and Mrs
land and the continent, to be gone
about month. This is the first pro
longed outing that Mr.. White has en-.
joyed for some years.
Offset Bad Factors.
The high rates for money and the
large deficit shown in the actual New
York bank statement on Saturday
were outweighed as market influences
during the day by the prospect of a
land. Advices of a possible settlement,
of labor troubles gave sterling ex-
change a decided boost and helped
stocks materially.
Chapter Activities.
Charles D. Boyer, president of Wash.
ington Chapter. American Institute OF
Banking is. making plans for strenu.
Gus ed' .tional campaign during the
fall ar winter. The first of the sea
sons asses will be held tom morrow
ever f at the chapter rooms. 1914
STIR / northwest. The subject will
he }ank Organization and Admins.
fogram for the elementary course
h. fbeen arranged for every Tuesday
nissht until April 49,. when examina
tions will be held.
The advanced class meets Thursdays
beginning on the 2sth instant. and
closes May Is. Contracts" with the
special features of mutual assent
consideration, unenforceable perform
ance. assignment and discharge, will be
the hfst subject considered.
Mr.. Boyer Is also planning mum
Der Of meetings of chapter graduates
officials and older bank men to give
talks on live and interesting Subjects
Rank directors are eligible to sus-
tanning membership.
Want All Bills Presented.
Chairman Harper of the. convention
comfaittee wishes all chairmef OF
committees to Ale their bills and
vouchers with him as soon as possi-
BILE. when they will be submitted to
the auditing committee. and on APP
provAl the general committee will
- T.. ~ 81 Ia nA 4,
ers' Association and ask discharge
tfke Farm Loan Payments.
After the emphatic disapproval of all
efforts on the part Of the cotton and
grain interests to secure assistance to
hold their crops for higher prices. or at
last as = stimulant in that direction, the
bankers In the sections named are start
ing q, campaign to secure the payment
of obligations.
Fred G. Dennis. state bank commits
sioner Of Oklahoma. has advised the
pay y off their borrowed owed obiisations irre-
spective Of the decline In prices for farm
products.
Commissioner Dennis says: For the
last eighteen months the banks of Ok
lahoria have rediscounted heavily to
meet demands on them by their crs-
TONERS. The farmers have received
their relief in raising their crops, and
the relief was obtained through your
borrowing fund to loan them. They
promised to pay you and you in turn
promised to pay your correspondent.
Your correspondent promised to pay the
Federal Reserve Bank at the same time
you cannot expect a renewal, so you
must make good on your promise. To do
this you must collect from the individual
who promised to pay on the maturity
OF his crop and this you must do. The
present necessity. is to pay your Dor
rowed obligation and l insist that you
do it,
In Kansas the Morrill, & Jones Bank OF
Kansas City is giving publicity to the
producing community. citing the fact
that In all markets commodity prices
are coming down and that now is the
time to liquidate farm loans through sale
of produce. Other bankers are also adj
vocating liquidation, following up the
;,rge of the Federal Reserve Board in
like way.