Evening star., 1921-03-08
LOCAL SECURITIES
SHOW FAIR TONE
Governments Statement OF
Financing Operations Gives
Cost of R. R. Operation.
BY I, A. FLEMING.

Local stocks and bonds were less
active, but reasonably firm on today's
session of the local stock exchange.
Railway As were strong at 80. Poto-
mac Electric general IS sold at 80.
1t was the first day since the listing
of the Washington Gas notes that
there have been no transactions in
them.
Capital Traction shares showed
slightly easier trend, with sales at
SAY
Washington Gas was very firm at 45.
Railway common, 81 bid. The pre-
ferred was 81 asked, with 50 bid.
American Savings and Commercial.
Mergenthaler a shade firmer. at 121.
This is the title of the proposed new
= hank being organized by +. Voight. jr.
1t will close the field TO the use of
American" as we now have the
American Security and Trust Com
pany and the American National Bank.
1t has been the fad of late to insert
the word commercial, and one more or
less will be no surprise.
Just how far the Noight institution
has progressed is not stated. 1t has
been on the stocks for some time.
Exchange Appoints Committee.
The Washington. stock Exchange
has appointed Eugene T.. Thompson
W. Il. HibbS and John l.. Edwards a
committee TO discuss with George o.
Watson, president of the Liberty Ma
tional Bank. and his committee of the
D. b. A. the matter of establishing
call loan market on The local ex-
change.
John l.. Edwards 4 Co. Buys Home.
John L. Edwards Co. this morning
purchased the property at li1b ii
street northwest. formerly occupied
and owned by Moorhead K Elmore.
Mr.. Edwards conducted negotiations
for the purchase of the property from
the receivers. but was unable TO make
satisfactory bargain. The sale this
morning was made at auction, the
local firm acquiring the entire prop
erty as il is.
Baltimore Follows Washington.
The Baltimore Clearing House AS
sociation has followed the lead of the
Washington association in the matter
of receiving checks drawn on the pro-
testing North Carolina banks for coll
lection only. Originally, the Balti
more bankers refused to accept the
checks either on deposit or for collec
ton.
Merchants requested the acceptance
of the checks for collection and the
bankers agreed to make this conces-
sion.
A compilation of securities owned
by the United States December 81,
1920. has just been made public.
Ii is surprising showing, includ-
ing as it does the loans to foreign
nations, S9.26i295. .769: the foreign OBJ
legations received by the Secretary Of
War on account of sale of surplus
, tions of the American relief admin
istration. ss4.093,S63; capital stock Of
various war emergency corporations,
less retired, S117,s07152.
The statement then turns to the
period of federal control of railroads.
showing that a matter of s65.l45. 755
was expended on various roads. for
which obligations of the carriers
were received.
Equipment trust notes. advanced to
transportation, were taken from near
ly every important road in the coun-
try. An aggregate Of $329.20750 of
these notes being held BY the Treas
ury.
The Baltimore and Ohio was aided
by sl7.57s.5o0: New York Central.
&f3.s74.00o: St Louis and San Fran
cisco. s1+.o2s,o00: Pennsylvania capped
the record with s5e.o12.ooO: Louisville
and Nashville. s1O.4ss 900: Southern
railway. slo.293.080: Wabash. sIl.-
10000. and st. Paul. s1s.444.0AO
81. Paul received s20.0 900 more
under section 207 of the transporta-
ton act. and New Haven $50. OPS 500.
AsNn, under section 2l0 of the
transportation act. s140.o45.sS7 was
distributed to the railroads in ex-
change for their obligations.
In addition to the great burdens Of
the rails shouldered by the govern
ment there is added s6.s32.SS0 for
stock of federal land banks The
government also purchased slS2235.-
900 farm loan bonds.
In the sales of surplus war and
other property the government re-
oeived over $S7 ,000. 900 Of securities
approved by the Secretary OF the Navy
and the Shipping Board.
The grand total OF all these obli-
cations is $1l ,5o4.015.2