Evening star., 1921-11-26
ng. directly across from the future

ing. directly across from the future
home.
It was decided to hold meetings Of
the board Of directors the second Fri
day evening OF each month at 1857
o'clock.
The policy Of the company. it was
announced. will be to fight shy OF
"frozen loans" and to use the money
on deposit in loans for furthering
county betterment
Potomac Refunding % 1O4.
The wild activity and higher prices
for bonds. attending the low rates for
money, was speedily reflected in the
Washington bond market. especially
In the Z per cent refunding bonds Of
the Potomac Electric Company. Yes
terday these bonds opened at 1929
and closed better than 103.
This morning they opened at 103k.
and every sale made was at " ad-
vance. the upward trend stopping at
asked.
Metropolitan IS were firm at s2N.
Railway As strong at SIX to g.
trading In stocks was confined to
railway common at IS and preferred
at 63k.
Hawking Trust and Mortgage Co.
The Premier Finance Company, or
ganizers Of the Banking Trust and
Mortgage Company, announce the re-
tirement OF Col. NJ A. Winter from
the official roster of the institution,
and give the personnel of the new
institution as follows:
Percy s. Foster. president: George
3. Fraser, vice president; William II.
Kyle, secretary, and H. w. Robert
son, treasurer.
The position of chairman of the
board of directors. formerly assigned
to Col. Winter, has not been filled
as yet but announcement will be
made in the near future.
George B. Fraser was formerly
vice president: secretary and acting
treasurer of the Munsey Trust Com
pany and is at present financial sec
retary to E. B. Mclean.
William H. Kyle, late major in the
United States Army, formerly was
vice president and cashier of the Ma
tional City Bank Of Memphis.
w. H. Robertson has had a large
experience with Washington banks.
James Duvall, now with the Mer-
chants Bank, and Frank Gerraci
will be tellers. John o. Crowley.
formerly auditor of the Seaboard Air
Line, will be manager of the Wood
rich branch.
c. G. Randall, formerly with A. B.
Leach & Co, will have charge
of the stock and bond department
and Robert H. McNeili has been
chosen counsel.
The capital stock, s1.000,oeo. will
be distributed among 1900 Washing
ton business men.
Organization meeting will be held
next week, at which time the opening
date. probably December IL, will be
announced.
The work on the building, 1909 H
street northwest, is nearly finished,
and will be turned over to the COM
pany December 1.
The company intends to operate
under it's Arizona charter. until such
time as the capital stock is all paid
up, when it will take out a District
charter. the par value of the stock,
$40 a share. being practically the only
bar to charter at this time.
Reserve Bank Position.
The total earning assets Of the fed
eral reserve system, November %.
1921, were $1,475, 1887, 900 as compared
with s3,303,717,0 900 November 26 a
tioning at a much greater rate than
at the present time.
The ratio reserves to deposits and
federal reserve note liability COM
bined is 1928 per cent, as against 44.4
per cent a year ago, while the ratio
of gold reserve to federal reserve
notes in circulation, after setting
aside 35 per cent deposit liabilities, is
99.3 per cent, as against 98.5 last
week.
New York Central Earnings.
For the month of October the gross
earnings of the New York Central
decreased s10,026.393, while the net
was made to show $sS,463 increase.