Evening star., 1921-11-06
BUSINESS IMPROVES SLOWLY;
PUBLIC BUYING RESTRICTED
Stumbling Plocks in the Way of Recovery
In Home Market-Farmers in Trouble.
Money Plentiful.

, rediscount rates Of the banks and the
successful notation OF the recent Of
ferings Of 4 u and ~ per cent Treas
ury certificates by Secretary Mellon.
The Secretary showed q full under
standing Of the financial situation;
ment field. with millions of industrial
money idle and millions more held
aloof by its owners from participation
in Wall Street trading. The Secre-
tary of the Treasury dared and he
found out that even ~ per cent
a small premium and that his request
for $200,O00.O00 subscriptions was fur
nished four times over.
This action plainly predicted the
rates, and with the latter in full force
caused such q demand for hfgh.grade
investments that sharp advances were
scored, and the days of the and 8
per cent returns are practically gone
and with them the days of the 6h to
8 per cent money.
Net Doing Enough.
Service is the one thing that bankers
must render to the world In general
it-within reason.
1t is stated that but SO per cent
of the bankers of the nation are TAX
ing an active interest in promoting
the sale of sound investments in their
communities.
Washington bankers are not to be
classed in that category, Prac "allv
AL of the national banks, trust COM
panies and many OK the sav.nss
banks are offlcered by men who make
Investments and who are unusually
free with their advice or to pass the
applicant along to some one quail
fed to give the necessary iaforma-
tion.
Billions of dollars are lost annually
through the exploitation of fake Sc
eurities, stocks that have nothing
more than q perhaps value, predicated
perhaps on the wonderful success that
attended some like venture in the
past.
About 81 per cent Of the men of
moderate means, $1,000 to $4,000 a
year. in the great middle west ad-
mitted that they are interested in
good Investments and would be
pleased to receive bond offerings
from responsible houses.
1t Is the small line of business.
large in the aggregate, that would
repay some OF the larger houses in
the investment field to organize and
prepare for; the returns would be worth
!, Every bank should display a sign
Consult with your banker before
making investments" and washing
ton banks need it just as badly as
Virginia or Maryland banks.
LEGAL Securities.
Almost without exception local
securities have given an excellent ac-
count Of themse1veA This is particu-
larly the case with the different public
close Of the week Were almsot in.
variably higher. Bonds were strung
and the demand was the best for
weeks.
Beware Speculation.
An excellent and timely bit of advice
appears In the last paragraph Of the
will Of the late Col. Samuel P. Colt,
founder and chairman of the Indus
trial @ aS Trust Comp Company Of Of hhode ,e Island,
valued at from s5,o08,o00 to $6,0eo,-
000. Col. Colts will contained numer-
Gus and generous bequests OF a public
and private nature aggFegating in
amount over $1,5e0,e0o, the provisions
Of the will to be carried out by the
Industrial Trust Company as executor
and trustee.
In the anal paragraph Of the will
rsist,vss rel, ssainse eaassR daaEers aea of
speculation, an Injunction which may
gTsll Tsll serve. serve = wider application Col.
4 desire specially - impress upon
nay ehildEen and athsF relatiyes re-
msmeerea under this, my will, that
ner with tbs fluids Given them here
under. speeulatten. besides lnhtting
one fer r5gulss seeupatieas, dess not
pay sn4 ts almost eertaln te end in
an average Yield Of, say, s PEP cent
will aceufa4late fast enough and the
curitiAs, who neither speeuiates nor
berrows money. feels strong and in
dependent and is in far better eendi-
tion to cope with the trials OF life
which come to all.'
Tsust Compantes. -, ,
/ There are 2,Sea trust companies in
the United States. They have resources
Of $12.s23,4so,61s, deposits of $s,554,-
012,5i4; capital, S8Sl,6<e.e04.
The increase In resources from 1877,
whan they WeFa ss,sks,6l1,8s7, shows
a very gratifying gain.
MARKS DROP 70 LOWEST.