Evening star., 1921-11-30
LOCAL CLEAR|NGS
ARE AGAIN LARGER
Gain for November Over Oc-
tober, $1,121,638-Gain
Over Last Year.
BY j. A. FLEMING.

clearings for the month OF Novem
ber. 1921, showed a continuation of
the improved business, as evidence
by the s20,0o0.00O gain in the clear
ings of the city during October.
The October pace was kept up and
this was accelerated sufficiently 1"
bring net gain for November of
S1.121,63S.
These figures do not include the dis
bursements for which checks were
sent out yesterday fnd today. nor y"t
the Christmas savings money which
will not be distributed for five IL
ten days.
As compared with November las
year, the clearings Were $IS.l02,ol..
compared with S75.253,42s. showing
an increase for the month closing to
day of s2,siS,0s5.
The better business in Wasiiingtom
is all the more marked by reason Of
/ the fact that the clearines of every
important city in the country SHOW
heavy decreases day after day.
During the last half Of sNoNefnb"I
there was d large business in the
per cent boIlds of the Potomac Elec.
| trio Company, which is not repr'-
sented in the clearings for the month.
as the bonds hay. not been issued
and Therefore not all paid for.
| The outlook for the month of d.
cember from a business standpoint j.
most encouraging. With the holiday
business, which has already set in.
money working easier day by day. tht
chances are for a great selling
month.
| Liberties Bound for Par.
The remarkable strength displayed
by all issues of liberty bonds and
| victory notes encourages the beli"i
I that it will not he long before ths
! entire list crosses par for the mrs.
time since listing on the New YORK
! market
! Easier money has not led to any
renewed imitation, ind. ed merchants
! and manufacturers are moving Will
! unusual caution and more or less uh-
/ der the guidance OF the pahklne
world not so much through credi-
| tors committees as through III" dt-
yelopmcnt of wisdom and dlSpos'-
! tion to study financial conditions h'-
| fore branching out in expansion
! Sentiment is stronger TO-DAY tnan
ever against the present generation
! bearing all tn. burden of thc ma'
j.; financing. and arrangements are iih'
/ " to be announced i'll the near lutuF'
. of a refunding plan.
| Business in local securities "as
! rather light on todays session OF tn
et,rlz exchange only "A few bonds anh
! even a smaller sale Of stocks chahs
| ing hands.
The market was without featurr.
although the strength displayed ih
| Capital Ira ction at ~ ana Merseh
] thaler at 1876 for a few shares only
: Was noticeable The Mersenthal"f
! advance has been accomplished IN :.
4 very few days from around Il" aus
{; with only small sales
Railway preferred sofa AZ o.
| Action in l.ondS was limited L" 70
/ iomac refunding - when issued ~
| 1oa.
| More Gold Here.
Nearly sS.cO0.a0o in gold arrived IL
| New York Yesterday. Announcement
! of more steamers to arrive WIN NOR
/ yellow metal seems TO emphasize .n'
! claim of Frank y. Nanderllp 'hat tu'
/, debtors of the United States IN f-u-
rome cannot liauidate their "bllGa-
! tions in gold much AS they may try
! to aid their exchange 10y sending u
! over
/ Bankers are said TO give approN;it
+: more and more to Mr.. NanderlPF
!; theory Of leaving the American dett
a abroad az loans to Impoverished Eu
rope and nearly every one agrees tha>
; any attempt on the part oil any fuf"-
pean nation to wipe out opileauoiis
/ by shipments of manufactured soo.iS
! would be met with overwhelming Oh
! iections by industry. in the broadest
! sense. and would demoralize condi-
| tiouS here.
! The matter of foreign debts to IN"
! Jpited States will not be raised al
! this time. and We have the word OF
+, President Harding that no foreign
| government had raised the question
! in any way-that the discussion had
1 been entirely through the press.
! The Banking Trust and Mofteae"
| Company has announced the opening
! of its bank for business December 10.
| The building is practically completed:
! stock has been distributed amonE
| 200 subscribers and the roster OF OIL
ficials agreed upon.
Personal Mention.
! Friends of T. ]. Steliwagen. pres
dent of the Union Trust COMPANY
! will regret to learn that he is very H.
. q. T. Chapman. local manager "i
! Hartman & Co. returned this morn
/ ing from a visit to New York.