Evening star., 1921-12-10
LOCAL SECURITIES :
WERE LESS ACTIVE
Prices Remain Firm-New
Bank Is Launched-Extra
Dividend-L0caI Notes.
BY i. A. FLEMING.

There was another let-up in the
trading on the local stock exchange.
probably nothing more than the usual
breathing spell after the activity Of
yesterday.
Within q few days investors will
begin to consider employment for
their dividend and interest payments
due from now on to January /, and
the local market is likely to feel the
effect Of their buying.
Potomac Electric general 6s were
frm at 9Sh, while the Is Of the same
company. for which temporary re-
ceipts have been issued, were nomi-
nal at 104 bid and 104ha asked. Gas
SIS eased of a little to S0h.
Capital Traction shares, 80; Rail-
way preferred. SO.
strengthened to l20 after an opening
sale at 12s.
New Bank Opens.
Washington's newest financial in
stftution, the Banking. Trust and
Mortgage Company, opened its doors
for business this morning at 1909
II street
institution. and x. II. Fowle. head
of the Premier Finance Corporation.
which successfully launched the COM
pany, were on hand with the full
personnel of the banks officials and
directors to welcome shareholders
inspect the remodeled banking rooms
and extend their good wishes.
Artisans. skillfully directed. have
turned the one time old furniture
store into an up-to-date banking in
stitution. The second story floor
was removed. giving the rooms a
much larger appearance. and the
paneling of ceiling and side walls in
walnut has given the banking guar
|. ters a finished appearance. accen-
of walnut. There is ample room for
customers and the banking force.
The bank which has an authorized
capital of $1.000.000. and 1.z00 share
holders, will remain open all day. and
this afternoon and evening recep-
tion will be held.
The opening of the new institution
also marks the return of H. W. Rob-
ertson to the banking business.
The new bank will clear through
the Riggs National.
Anaeostia Bank Dividend
Directors of the Anacostia Savings
Bank have declared the regular semi
annual dividend OF per cent, and in
addition, an extra distribution of
per cent both payable January =
This institution, under the manage
ment of it's president. Maurice Otter
back. has made great strides during
the last few years. covering it's al
lotted field in a satisfactory manner
and growing with that section Of the
city.
Walter Pitman Ramsey. for many
years connected with the Treasury
Department and for the last few
| years employed by the Commercial
, No%f Rar T.
| ter institution in transactions with
the Treasury, died at Garfield Hospi-
tai Friday Of pneumonia after short
| illness.
Judge Ramsey. as he was called
| by his intimates, was well known in
| the banking business a kind and ge-
/ nial man, whose passing is regretted.
May Delay Opening.
The accident this morning that cost
the life of NJ. L. Dinwiddie, secretary
and treasurer of the new Clarendon
Trust Company. may delay the open
.. ing of that promising institution, as
he was practically the one man with
practical banking experience, and was
counted on to manage the affairs OF
the institution.
Opening day had been planned for
next Thursday.
Personal Mention.
| Milton E. Allies. president Of the
! Riggs National Bank, was yesterday
designated as the representative in
| rine commission of the American
Bankers Association, to cooperate
| with Secretary Hoover Of the Depart
ment of Commerce in furtherance OF
American trade.
Francis NJ. Savage. president of the
Northwest Savings Bank. has gone to
Gary. Ind, to look after personal in
! terests there.