Evening star., 1921-05-03
W|LL|AME. GUDE|S
NOT A CANDIDATE
Resigns From Federal Bank
DIrectorship Race - Rail-
way Common Off to 28 1-2,
BY i. 4. FLEMING.

william r. I Ide, because of his an
pointment by the President as q mem.
Der OF the District rent commission.
mas resigned as a candidate for the
position OF director Of the Federal Re-
serve Bank of Richmond, as the rem
resentative of group 3. 1t would have
been perhaps unfair and certainly i'm
possible to have held both positions.
Bankers believe that Mr. GUIDE would
have been elected had he remained in
the field, as he had the promise of a
large number of voters from among
the members of group g.
1t is probable that the Washington
clearing house will be asked to in
dorse candidate for the position E.
G. Graham and, d. J. Callahan have
been mentioned as prominent in the
campaign for the position, which is
purely an honorary one and carries no
salary.
Personal Mention.
Eugene E. Thompson will attend a
meeting of the directors of the Columbia
Graphophone Company in New York city
tomorrow, Returning he will go right
through to White Sulphur, Va. to attend
the spring meeting of the executive coun-
Gil of the Investment Bankers Associa-
tion, which will be in session the last
three days of the week. -
So far as known, there will be nothing
but routine business at the Graphophohe
meeting. progress in inventory reductiS$i
will probably be reported.
New Savings aBnk.
Another new savings bank will be-
launched this month, with what measure
of success remains to be seen. =
The new bank will be known as Union
Labor's Savings Bank and viii be To-
Gated on the southeast corner of 18th
and 7 streets northwest.
Standard Oil OF Indiana.
Controller Crissinger is making it still
easier for the Junior bank officials
charged with the operation Of forms in
response to the demand for a showing
Of conditions as of April 2S. 1t is an
nounced that the same signatures Of
directors that appear on the sworn state
ment to the controller are to be used in
the statement published in the public
press, but that it is neither necessary
that they be sworn to or that actual
signatures be secured therefor.
Dinner Committee Meeting.
A meeting of the dinner committee
of the District Bankers Association
has been called for Monday of next
week. when all matters pertaining TO
the recent successful dinner will be
finally adjusted.
Standard Oil OF Indiana.
This is the next corporation in line
for an increase in stock. A meeting
of the shareholders has been called
for June to vote on an increase CT
SAC, 900, 900. much of which will be ex-
changed for Midwest Refining shares
at two to one. RumorS OF a stock
dividend are not given much credence. !
Paid $38O.325,5G4 to Railroads.
Up to April % the government hasy
paid to the railroads Of the country
q matter Of $390.325,564. Federalf
compensation for six months period
for the roads that accepted it was
around S425.O00,000. The operating
deficit for the same roads was ap-
proximately 5000, 900. 900, which leaves
a matter of S23O,000,000 still due the
railroads on the six months period.
This is separate from accounts aris-
ing from federal control.
Railway Common Under Pressure.
The feature of today's session of the
Washington Stock Exchange was the
marketing of zoo shares of Railway
common, evidently a market order, as
the stock sold down under it from
29ss to 2s1s before the price displayed
any resistance to the offerings.
There was nothing new to account
for the display of weakness. it being
purely a matter of the offerings ex-
ceeding the demand until 2Sk was
reached.
Capital Traction shares were firmer
at S7& to 8S. Lanston Monotype sold
at II and Potomac Consolidated 5s at
S51a.
A number of odd lot transactions
We're reported, but the chief business
of the session was in the shares named.
Personal Mention.
r. Golden Donaldson is now in Chi
cago, en- route home from Arizona
where he wintered. He is expected
home on Thursday.