The Washington herald., 1921-10-04
new SAVINGS BANK
NAMES GOVERNING.
BODY AT MEETING.
5 Are Chosen Directors of
New Woodridge-Lang-
don Bank.
OTHER LOCAL NOTES
' Improvements of Washington
Bank Nearing Completion.
ID. C.. Issues Are Dull.

Al meeting of organizers of the
"oodridge-Langdon bank last SAT-
urday night the following names
Were placed on the governing body
or the new institution: II. p. Bald
win. retired business man of the
community: Thos. S. Mellon. comp
troller's office of the Postoffice De-
partment: S. S. Symons, treasurer of
the Woodbridge Building and Loan
Association, and an official of the
Pension once; p. p. Clark, super
fntendent of the local Piggly wigly
stores, and Frank A. Gunther. for
years associated with the personal
TAX division of the District of CO.
lumbia
Under the leadership of President
Charles F. Pfau, work on the bank
is progressing very rapidly. a lot
having been purchased on the south
slde of Rhode Island avenue al
twentieth street northeast, along
side the new Masonic Temple. Stock
OF the institution is being sub
scribed very liberally. according to
ofhcials. and bids for the construc-
uon work are being received.
Improvement, Nearing Completion.
Work on the complete removal
tion of the National Bank of WASH
lnston which has been in process
practically all summer is now
rapidly nearing a finish. and the
space of 4 week or two Is ALI that
stands between the institution and
one OF the finest banking houses in
the city.
Local Securities.
Restricted trade on the Wash
ington Stock Exchange yesterday
was fairly we'll varIegated with
capital Traction stock in greatest
demand. Fifty shares of this Sc
curity was disposed Of at 81 and
sSAs. Mergenthaler veraged sligh.
iy better. IA shares selling at 120H
and 1903. and 10 shares of Amer
lean Security and Trust sold at 215.
Bonds were extremely dull. but
sl.Soo changing hands; $500 Capital
Traction SIS at s7iz and $1,000
Washington Railway Is at 61L.
Personals.
o. H. p. johnson. vice president
OF the National Metropolitan Bank.
has returned to Washington and
his place in the bank after a sum-
mer's vacation to France.
Francis NJ Savage, president of
the Northwest Savings Bank. is
again in Washington after a weeks
outing at Warm Springs. Va.
Sterilization of Prices.
1t is far better for those inter-
ested in securities prices to turn
from the daily fluctuations and con-
slider the economic and financial
factors which appear to be chang
ing for the better. although natur-
ally developments so far are often
indistinct. according to A. A Hous-
creasing. however. of the stabiliza-
tion of commodities prices. Just
now stabilization of prices is more
important to business generally
than the actual height of the price
level itself. We may see in the rise
CT bar silver in London a sign
post toward bushes recovery in In
dia and China. with resulting ben
efits to English textile manufactur-
ers. and, in turn. of Importance to
our own cotton growing South
Crude rubber is another commodity
which IL steady and up from the
low The price of domestic woolens
for the 1922 spring trade is appar-
emily settled upon, with not much
chance of unpleasant fluctuations.
been advanced. Increased opera
tion at the steel mills are a matter
Of record. and. although they are
not particularly large. the indica-
ton of better things is present.