The Washington herald., 1921-01-29
LOCAL UTILITIES
ARE AMONG FEW
STOCKS TRADED in
Little Changes in Asked
Or Bid Figures on Dis
trict Exchange.
GAS SHARES SELL
Comptroller's Report Tells of
New National Oklahoma
4 Bank.
GAS SHARES SELL.


or asked figures was noted on the
quotation list during yesterdays
Session of the local Stock Exchange.
This condition prevailed in spite
of the fact that optimistic reports
OF the condition OF local corpora
mons were received. Similar news
on the New York exchange would
have resulted in a sharp movement.
A few odd shares of Capital Trac-
ton brought s4S and SAY. Wash
fngton Gas sold sparingly at 37l3
and Railway preferred at So, the
latter representing a slight de-
cline.
The National Bank of Commerce
Of New York sounds a warning in
calling attention to the Importance
Of the export marketing of many
American products and predicts that
the present unstable financial con-
ditions throughout a large part Of
the world will be reflected in the
United States for some time to come.
In addition the readjustment
from wartime price levels to those
Of normal character has been pro-
gressive and has affected different
ries of readjustments must neces-
ssrily occur before business can be
properly realigned to new condi-
tons"
The employees of the Riggs Ma
tjOnal Bank, assisted by some of the
junior officials, plan to have an en-
joyablc party this evening at Dunn
barton Hall
On Wednesday night forty-fve OF
the young Wen in the bank, also
assisted by some Of the junior Of
icials. attended a theater party at
the Gaycty.
National Bank Changes.
The report Of the Comptroller Of
the Currency for the week ending
January IS, 1920. shows that char
ter was issued to one new national
bank in CheCOtah. Okla with a
capital stock of S50,OOO.
Three applications for new char
ters were received with a total
capitalization Of S175,O0O. Eleven
banks increased their capital stock.
the total increase amounting to
Ss80,OOO. Six banks had their char
ters extended while two banks. with
a total capitalization Of S15O,O0O.
were placed in voluntary liqulda-
tion.
Increase in Newsprint.
The monthly report Of the Fed
eral Trade Commission on the news
print situation shows a total pro-
duction for the month of December
Of 124.857 tons. compared to 122,-
7S1 tons in December. 1919. For
newsprint production amounted to
1.511,s6s tons against 1.374.517 tons
in 1919. and 1,26O.2s5 tons in 1918.
The 1920 production of standard
news amounted to 1,3SO.239 tons
compared to 1,227.ISO tons in 1919.
The increase in the production of
nswsprint for December. 1920. over
December. 1919, amounted to per
cent for total newsprint and about
per cent for standard news.
Mill stocks increased from 1850
tons at the end of 1919 to 24,763
tons on December 81. 1920.
Reports from Metropolitan dailies.
using between one-half and three
fourths of a million tons of stand
ard news annually, show that the
consumption for the month Of De-
cember in the last two years was
approximately the same. but show
an increase of more than 23 per
cent when December. 1920. Is COM
pared with December. 1918.
Ford Financing.
There is a persistent report in
Wall Street to the effect that the
Ford Motor Company will require
considerable public financing in the
near future. The report has been
denied by Ford officials, but latest
Developments indicate that there
will be an offering of between $75,-
600, 900 and S1OOOOO,OOO worth of
bonds. The earnings OF the Ford
Company last year. after deducting
Federal taxes and all charges, was
approximately $4,000, 900. 1t is as
sumed that Ford will find little diff
fculty in securing underwriters for
any nnancing he may want to do.
However, 1t is probable that their
decision on this matter will depend
to a large extent upon FOrd's Sc
lection Of a new general manager.
It is expected that when the Ford
plants reopen manufacturing sched-
ules will show a considerably