The Washington herald., 1921-07-01
EISTLESS TRADE
FEATURES LOCAL
STOCK EXCHANGE
ssf~
- frr
Transactions Move in
Small Volume Without
K Distinct Trend.
OTHER LOCAL NOTES
SeFsnth Street Bank Declares
Dividend-Busy Day at
d. C. Institutions.
OTHER LOCAL NOTES

y Trading on the Washington Stock
Exchange yesterday was decidedly
slow, the volume being too small to
permit a distinct trend in either d.
rection. Capital Traction stock was
slightly frmer at S414 on 25-share
sale, while Lanston Monoype, the
only other active stock. sold at rs.
Bonds were fairly steady, 1900
Capital Traction 5s selling at 81, to-
gether with $4,000 Potomac Electric
consolidated IS at "a and $4,000 Po-
tomac Electric general Is at s51z.
washington banks continue to ask
RynfEh rate for call loans, per cent
Being bid for per cent funds
Seventh street Dividend.
q Directors of the Seventh Street
savings Bank have declared their
regular semiannual dividend OF IA
per cent, payable to stockholders
today.
. Business at Local Banks
washington banks experienced one
Sthe busiest days of the year yes
terday, taking care Of the month
end, deposits, adjusting their monthly
sccounts, etc. Local bankers declare
there is but a slight tendency to
Withdraw funds to avoid payment OF
Intangible taxes. probably due to de-
positors becoming better informed
AZ to the penalties incurred by such
q violation of the law.
-bsso Cooper to See Big Fight.
~col. Wade H. Cooper, president of
Tia Continental Trust Company, de-
parted for New York yesterday for
short vacation over the holiday. The
curonel will also take in the big night
ii Jersey City on Saturday.
4nstftutions in Federal Reserve.
Members of the Federal Reserve
have just received the announcement
that Ave State banks and trust COM
panies in the fifth regional district
were admitted to the system during
May. One institution is in North
Carolina, two are in Virginia and
two In South Carolina, totaling re-
sources of s2,232,s73.
- Things to Think About.
The American Exchange Bank. in
its monthly letter writes as follows
nnder the above caption:
"0--The German Reichsbank is offer
ing Is paper marks for l gold mark
or little more than cents each for
marks which before the war were
valued in the exchange markets al
about "a cents. The tender is being
made for the purpose of acquiring
gold with which to pay reparations
but it is also significant in that II
establishes a possible basis for the
redemption Of Germany's outstand-
ing currency. The circulation OF tho
Reichsbank now stands at something
over 10000. 900. 900 marks in compari-
son with less than 5000. 900 IN
1914.
aim the eight months since Sep
tember, 1920, the date Of the expi.
ration of the six months guarantee.
the net operating income OF the
railroads of the United State!
amounted to $414.253,00O. a sum equa
to 2.I per cent of the tentative val
April the net operating income o.
the Eastern roads was per cent o.
the tentative valuation; that OF tn
Southern roads 3.41 and OF the West
ern roads 2.O1.
The Bureau OF Census has ISSUED
figures showing the industria
growth OF the country between 1914
1919 These are a few striking com
parisons: Total value of products
1914. S24.246435,O0O; 1919. s62.5SS.
so5,0o0. Automobiles, 1914. s503,23O
coo; 1919, s23S7. .s3S.OOO. Boots ant
shoes. 1914. s5O1.76O,O 900: 1919, 81,
las. $50. 900. Meat packing. 1914
sl,454,495.oOO; 1919, s3,714,34O, 900"