Evening star., 1921-04-08
WR:: {. PREFERRED
'4$4ERY FIRM At 60
Prices Generally Strong
Business at the Banks.
s.s ~ Wall Street Notes.
BY ]. A. FLEMING.

bs As n
-hS.market for local securities was
4a1tdred today by the strength in the
pfe4gfred stock of Washington Rail
Yay and Electric Company Nearly
10Qbshares sold in all. and there was
hue one price. so. maintained through
outethe entire session.
4eHo ther feature was the demand
for small lots of Washington Gas : y
per cent notes Lots of 500 denomina-
tiQp-were wanted and sold at 1929.
and 303,. while larger lots were quoted
at ffse old standard of 1909.
.Tap1tal Traction shares were firm
The rest of the list was entirely
nom NAL. but the asking prices were
Generally we'll maintained at former
levels; ..
-MG personnel of the dinner commit
tee of the District Bankers Associa-
tion is as follows: R \. Harper. NJ y.
Spaid. Harry V. HAYNES. Corcoran
Thorn and Col. Wade II. Cooper
Invitations were mailed last night
and acceptances, in addition to those
heretofore named. are coming in
freely.
d. r. Crissinger, controller of the
cufrency. has accepted an invitation
to speak at the dinner.
Annual Meeting Monday.
The: regular annual meeting of the
Chesapeake and Potomac Telephone
Company will be-held in this city on
Monday next 1t is understood that
PresisfenS Thayer of the American
Telephone and Telegraph Company
will be present.
Business at the Banks.
business at most of the hanks is
detldedly-. slow, A letting down of
the credit bars would produce an in
Stantaneous.. revival of the loan de-
mands. but conditions have not reach
ed. the stage of improvement where
bankers fee! warranted in more than
a slight relaxation.
Mortgage and building loans would
readily absorb the available supply
of$ash, but bankers still hesitate 10
present valuations as the basis of
loans.
Wall street Notes.
United states Rubber earned s1a.75
share on the common stock during
the year 1920.
The Standard Oil Company of Ne
bfaska has just declared stock div
idend of 200 per cent payable May
16 10 -shaEeholders of record April 10
After this payment there will be
81 300 900 unissued- stock in the treas
ury of szthe company. The 1920 earn
ines~.Here at the rate of S106-20 a
SHARE Profit and loss surplus was
$3.50 share December 81
,=Johi4 N; willyS. president of the
willys-Overland Company, has gone
on. record with the. statement that
prospects are brighter. especially Tor
the automobile business.
-Secretary~Me1lon declares that the
aJShnaA raising of four billions by tax
is necessary, based on a study of con-
d4iAps made by experts, in his de-
p9rtment. - It is understood that he
viii recommend the repeal of the ex-
ge5profits. tax. but will make no
recommendation az to how it should
be replaced. During the next few
days he will be in conference with
his advisers son- his proposed recon-
mendationS ----
Eugene Meyer. president of the
War. Finance Corporation, is in New
Orleans ~conferring with cotton ex-
porters. and southern bankers re-
specting financing cotton. exports.
-Trea sury expenditures exceeded re-
ceipts Tuesday by $1,211.1I0.
There is now due on account of in
terest on obligations to the United
States from foreign countries $780,
lg4f f0s.- plus interest from, November
is. 1920. These figures are exclusive
cf-amoupte owed for war material.
sWoaf-street money yesterday was
or to per cent, the closing 6s per
cent
Cotton leads the decline in exports
IN February with loss of s156, ,000,-