The Washington herald., 1921-08-16

OTHER LOCAL NOTES


securities on the Washington
Stock Exchange yesterday finally
rid themselves of the spell of list
lessness which had prevailed during
the greater part OF the past month.
and enjoyed a lively and. INTEREST
ing session. Prices, generally. held
firm except in the case of Capital
Traction stock. this security open
ing at 81 and declining to S6A, with
IS being the best bid at the close.
Eighty shares, in all, were disposed
of.
Activity In bond issues was the
outstanding feature Of the day. A
total Of S57 ,o0e, face value, was re-
corded. -Georeetown. Gas SIS, hereto
fore rather inactive. being RESPONSE
bile for $4,000. seven equal sales OF
$4,000 being made at 20. Potomac
Electric first IS followed with $lz.-
900 at Ss% after which came wash
|ington Railway Is to the extent OF
Lanston Monetype stock sold
|throuxhout the session at "a, 80
shares changing hands Five shares
|of American Security and Trust
Company stock was also sold at
|s15. '-''
Call money rules unchanged. SIS
per cent bid for Ga per cent funds.
Redmo.d In New Home.
Redmond and Company. invest
|ment bankers, successors to the
former independent firms Of Red
|mond and Company and Frazier and
Company, yesterday began operat-
|ing IN their elaborate new location
ht 1916 K street northwest While
|the vast improvements planned have
hot as yet been fully contaminated,
hor will be for some time, removal
Et this time was effected owing to
extreme need for larger quarters.
The investment department OF
the Institution IL located on the
|first floor, while the firms offices.
room ard library are-lo-
|cated above. "A feature Of the Sec
ond floor IA the library and recep-
lion room. situated at the front,
which Is equipped with q fine large
Fireplace and which will be rugged
but with expensive draperies- "
The lot directly back of the new
location will be sodded and will
provide garage space for the Off
lcials and those connected with the
|business owning cars.
The members Of the firm are
most optimistic rs to the drawing
power Of the new site, declaring
|this locxtion Is the future finan-
cfal center Of the city.
The company were the recipients
OF several large floral tributes yes
tesday in acknowledgement OF their
new home
~ Personals.
r w. Hynson. manager Of the
local branch office Of the National
city Company, who has been spend
ing some time with his parents at
Atlantic City, interrupted his vaca-
ton yesterday by returning 10
washington for the day.
Harry v. Haynes, president OF the
Farmers and Mechanics National
Bank of Georgetown Is spending a
month at Atlantic CITY He Is ac-
companied by Mrs. Haynes.
william r. DeLashmutt. cashier
of the United States Savings Bank
and r. L. Taylor, president OF the
In. L. Taylor Motor Company and
director of the above bank. are
spending, some time at Atlantic
City.
James A.. Cahfll. vice president Of
the Commercial National Bank. was
at his desk yesterday morning AFTER
a two weeks vacation
i. H. Baden, cashier Of the Com
naercial. National Bank, Is away on
his vacation.
G. +. jacobson, cashier of the
National Metropolitan Bank Is back
after spending two weeks in the
mountains.
Maurice D. Rosenberg, president
lof the Bank Of Commerce ana say
Iinzs, has left Washington with his
family on. motor trip to the Thou
sand Islands.
A. s. Galley, cashier Of the Lin
coin National Bank, Is back from
successful fishing trip.
Frank owings, assistant cashier
Of the Bank of Commerce. and Saw
ings, has returned from his vaca-
ton. --.r--- ---
Boyer Addresses Naval omeers-
Charles D. Boyer. assistant cashier
of the Federal National Bank and
past president of the local chapter,
American Institute OF Banking, ad-
dressed officers of the Supply Corps,
u. g. NJ. yesterday on Protests"
The lecture was the seventh of q
series Of twenty-one on banking
topics being conducted by local
financiers to aid supply officers in
the better discharge Of their duties.
Mr.. Boyer. by reason OF his recent
capacity as head Of the local bank
inE school, and experience gained
IN District banking circles, was adj
mirably fitted to discuss the topic
assigned him, which he did; in q
clear and comprehensive manner.
Prior to his lecture he defined GER
tain terms namely. check. draft,
trade. acceptance and promissory
notes, these being the instruments
most commonly used in the business
world and which are being used
moro universally and to a greater