The Washington herald., 1921-02-24
LIVELY SESSION .
INDUCED IN ON
LOCAL EXCHANGE
Capital Traction Fives
Lead Period-Firm
Prices Prevail.
SECY. HAYNES BUSY
Bankers Association Head
Mailing Invitations to Di-
rectors-Marks Is Host.

An increased display of interest
marked yesterdays Washington
stock Exchange session. Quota
tions ruled steady during the Pc
riod where trading was well varie-
gated. Washington Railway and
Electric stock displayed considera-
BILE strength. while the recent issue
Of Gas certificates (Which, incident
ally. have appeared in the sales col
umn daily since being put on the
local exchange) continued to sell
above par.
Capital Traction per cent notes
uroyed the real leader Of the day.
$1,000 face value being disposed OF
at t-s7, with the exception of $500
bond after call at ss%. Washington
Gas per cent notes sold to the
extent of $4,000 at 1908. These two
securities were the only bonds trad
ed in
Railway Electric preferred stock
to the extent of a 25-share block
sold at so. Ten shares of National
Bark of Washington sold at $50,
as did the same amount Of CONT
mental Trust stock at los. Mergen-
thaIer Linotype continued selling at
If1in while odd shares Of Capital
Traction changed ownership at IS.
=, A. i. b. Meeting.
DR.. j. F.. Donohue. assistant in
structor at Catholic University of
America. will address the advanced
class of the local chapter, American
Institute of Banking, tonight in the
concluding lecture of the series on
Banks" The topic will be origin
and Development of Banking"
Marks to Give Dinner.
For the furtherance of good fell
Iowship. Leroy Marks, popular To-
cal insurance broker, will tonight
tender an informal dinner, to be
followed by a theater party. to local
auto dealers and bankers who are
members of his clientele.
Although Mr.. Marks was some
what reticent about the matter
when approached yesterday after
noon, it is understood that all for
malities will be dispensed with for
the occasion. The dinner, which is
scheduled for s p. m. at the New
willard Hotel. will be devoid of the
usual speeehmaking. although he
himself is planning to make a short
address. Inasmuch as speechmak-
ing has occupied a dead role in his
life for the past four years, Mr..
Marks added that for the sake of
sociability he might have to chal-
lenge the assembly to an argument
on Insurance before the evening has
spent itself.
After the dinner the guests will
retire to the National Theater TO
witness the production of THE Hot
tsntot"
Secretary Haynes Busy.
Harry v. Haynes. president of the
Farmers and Mechanics National
Bank of Georgetown, and secretary
of the District Of Columbia Bank
ers' Association, was probably the
busiest inancier in Washington yes
terday. Mr.. Haynes, by virtue OF
his capacity as secretary, was elect
ed to dig into the city directories
for the names and addresses of all
bank directors in Washington, COM
prising, as they do, over 700 names
for the purpose of mailing the local
associations invitation to attend
the lecture on the Foreign Trade
Financing Corporation which is to
be held in the New willard Hote
next Monday evening.
Leading financiers hold that the
subject in question occupies nc
small part in the Districts finance.
and are looking forward to tn,
meeting, inasmuch as at presen
there is no unity of interest on the
topic
New Director for Acrchants.
Peter NJ Dorsch, baker, 631
street northwest, was yesterda!
elected a member of the board o
directors of the Merchants Bank
Mr.. Dorsch is a member of tn
Washington Board of Trade, tn
Washington Chamber of Commerc,
aud the United States Chamber o
Commerce.