Evening star., 1921-01-24
BUSINESS N BONDS
AT RECORD mark
Investors Anxious for High
Rates on Longtime Sc
curities-NeWs.
BY /. A. FLEMING,


Another evidence OF the Increasing
sale of the Belgian twenty-year. g.
per cent bonds. There has not been
a big bond issue OF any foreign gov
ernment offered In the American
market in months but what has been
quickly snapped up by the invest
ing public eager to get in at the
high rates for a reasonably long
term investment.
The American bond market has
been more active for months than
losses and made money in stocks.
just as they have in bonds. but the
bond market has the call among the
investing public.
sia In ooa 1920 20, the he sales totaled $685.
creased activity was in the rail ana
industrial bonds. as the liberties
were a little less active than in isis,
The daily average OF 1920 trading
IN liberty bonds waa $s.447.72s; the
554.53S
But the investing public will not
get chance at the Belgium per
cent bonds until they place their
sqoseIiptions sn s1Iot%n. therefor T and are given
members under the Morgan Guaranty
Trust Company, syndicate. The
opening and the closing Of tho books
was mere matter of form. and the
main syndicate took the $50. .eeo
public at higher prices. rhey viii
probably be offered to the public to-
morrow.
Local Seeu1ftSes.
Bonds are quite active on the1ooaI
stock exchange. in a small way,
Capital Traction So being firfner at
S!. Railway IS easier early at ssh.
with recovery to So. while Debentme 6
OF the same company sold At 81.
Only one stock sale Was recorRAd.
ten National Savings and Trust Csm-
pany shares at 1916 q share.
Draws Dewn 41e,SoNxzs.
The Secretary Of tho Treasury has
notified national banks holdinE pfo-
ceeds OF the January Is sale OF Treas
ury Certificates to pay into their fsd-
erai reserve bank tomefsow 10 per
equal to S26.30S,326.
This and the previous payment of
10 per cent makes q matter OF ahout
$74.0o0.000 paid into the Treasury
since the 18th instant.
Early Attentisn to seAeAule.
Local income tax ex1ertA whose
eervice is at tho command Of tho cus-
toners of the various banks for the
asking. are strong IN tho urge that
schedules be prepared a4 once and not
put on until tho last minute to make
q grand rush in tho lAOt few dayS.
The form schedules are cut and can
be had for the asking at any bank.
There are no important changes ex-
cept in the manner Of treating invest
ments in liberty bondR
The one thing needful 10 the record
OF income and the source thereof, the
record Of depreciationS claimed, and
the ordinary income tax schedule can
4 hes tn
| event Of losses through operations in
| securities being claimed the history
| Of the transactions, buying and sell
ing are necessary.
A Utility ReferenAum.
Results OF the refereudum ON local
transportation. submitted to the mem
bership Of the Chamber OF Commerce
Of the United States, ore At hand.
Eight propositions were submitted to
the membership for their approval or
On the proposition. 'texisting trac-
tion facilities should be conserved -
the vote was. Affirmative. 1859.
street railway problems should be
based on the present and future needs
of the community" brought no oppo-
sition,- but 1,677 affirmative votes.
"The attitude which is taken toward
template private ownership and opera
ton" opposed by "a and sustained by
1857.
"Regulation should everywhere be
instituted that will promptly follow
changes in the situation Of the com
panies rendering service Of local trans
portation" was supported by 1861
votes and opposed by ~.
Provision should be made against
unfair competition"-1.651 votes in the
affirmative and 16 opposed. ..
I w s1hk -
self to many readers as the only one
Of the suggestions Of vital importance
| or upon which there might be any
division Of opinion. Numbers I and
IL are almost self-evident pfupoei-
tions. apparently not requiring ref
erendum.
The question of public or private
jownership would produce q little
greater division of opinion, while
and 5 are of secondary Importance
| only.
moved from street railways" offers
chances for arguments. and 1871
| votes opposed. while 1.4s0k favored.
This might be taken to mean. In the
case Of local street railways. the bur-
den Of the crossing policemen. p4vinE
No. Z, "Official responsibility should
be definitely fixed for the application of
regulsstion," appealed to 1852 as right
But one vote was given against the
suggestion that each company should
seek to have available for the public
at all times the facts as to the result
of operation and should have resident
local executives wholly conversant with
local requirements. -'~--,.s.
Warrington Chapter Activities.
/; HI. Offutt. jr, cashier Of the District
National Bank, will be the speaker to-
morrow night before the elementary
class Of the chapter, lectufing on the
Bank Statement" Mr.. Odutt has
prepared many statements on the re-
quest Of the controller OF the currency
and he should be able to make his SUBJ
ject very interesting.
E. H. Thomson, publicity manager OF
the Washington Loan and Trust Com
pany, will conduct the quiz on bills OF
Lading and Other Documents"
The Security Club of the American Sc
curity and Trust Company gave
! masquerade on Saturday evening at the
Hadleigh, many of the costumes being
beautiful and unique.
baltimore LIVE STOCK MARKET.
UNION STOCK YARDS. Claremont.
Baltimore, January "a (SpeciaD:
!. Cattle.-ReceiptS for week ended
noon today were $3.50 head, against
! 4, 299 head last week. Receipts. 13l