The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-11-06
LOCAL SECURITIES
ACTIVE In CLOSING
PERIOD ON CHANGE
Capital Traction Stock Is
Slightly Stronger,
Closing at 88A.
COOPER is HONORED
Washington Bank President
r To Represent Tennessee
I Governor.
COOPER Is HONORED

UONcTuOIs
One of the most active week-clos-
ing sessions of the current year was
recorded on the washington Stock
Exchange yesterday. Trading was
about equally divided between the
two classes of securities. with quo
tations recording a fairly firm tone.
IN some instances showing slight |
advances. Capital Traction stock
climbed from So to ssh at close.
while the 5 per cent bonds of the |
company remained firm at sOH.
Railway common stock sold in |
small lots at 261a with the pre-
ferred selling in greater volume at
90. Commercial National Bank |
stock sold at 167. with Washington |
Gas selling at 49A and 49h.
Washington Gas 5 per cent bonds
changed hands at 80 and the IN |
per cent notes were disposed of at |
100.
TrinInE City Bank.
The proposition to establish a
bank in Twining City. D. c., to |
Sserve the numerous residents of |
that locality has not been aban- |
doned as rumored. II was learned |
last night from Robert F. Brad |
bury, one OF the promoters of the |
plan, that change of program may |
be adopted and a branch Of the |
Banking Trust and Mortgage Com |
pany organized instead of an in
dependent bank with limited capt. |
tai. A conference on the branch |
bank proposition will be held by |!
residents Of Twining City and the |
surrounding vicinity this week.
Personal.
Charles H. Pietsch, local manager
Of the r. L. Dollings Company. is
in Columbus. Ohio, to attend a meet
ing of district sales managers of
the Dollings organization Mr..
Pietsch will return to Washington
on Tuesday. next, in time to meet
William G. Benham, president of
DOlling Company, who will spend
the coming week here.
Haynes is Commended.
Harry V. Haynes, president Of
the Farmers and Mechanics Ma
tionaI Bank of Georgetown, is in
receipt Of the following letter from
the Citizens Association of that
place
ny uAA tNNlph VI the dSSOGldNlOu L
hesire to convey to you its appre-
eiation of the handsome improve
ments which you have commenced
on the corner of Wisconsin avenue. |
Tt is certainly encouraging to |
fnd an institution. which has served |
Me people of Georgetown and vi |
nifty for more than a century. stir |
haching out to. improve its facili- |
es with n view to giving still |
arger service.
The association wishes you ev-
ry success in your new venture.
md continued prosperity for the
bank"
Bond Price Comparison.
A very interesting comparison OF
bond prices Of today and of twenty
{years ago Is shown by Harris. Forbes
and Company In a reproduction OF
q list OF high-grade municipal bonds
/ offered by them I'm 1901. New York
| State Registered bonds maturing in
keleven years were then offered at
l1O4 to yield 5.55 per cent; Detroit
School bonds Of twenty years ma
turity to yield 3.o3 per cent. while
tissues such as Roane County. Tenn,
Fand Bexar County. Tex. with twenty
and thirty-year maturities. net the
investor at the most 3.S75 per cent.
Issues OF any OF the same munici-
palitfes whose bonds were then Of
fered to yield such small return have
been recently offered to yield from
8 to per cent.
Col Cooper Honored.
Gov. Taylor. Of Tennessee, yester-
day wired Secretary of War Weeks
that he had appointed Col. Wade H
Cooper, president Of the United States
Savings. Union Savings and Cont
mental Trust Company banks OF this
city, to occupy the box reserved for
the governor at Arlington Cemetery on
November II. He has also been
appointed to represent the State OF
Tennessee at the laying Of the cor
nerstone OF the National Victory Me-
mortal Building on the same date.
Col Cooper Is a member of the
governor Taylor's staff.
Northwest Dinner.
The Northwest Savings Bank gave
a dinner to its directors, at 2400
Sixteenth street, last week, follow
ing its usual custom to give a din
ner to the directors when the de-
posits shall have increased 500. 900.
Frank g. Bright, vice president OF
the bank. presided as POSTMASTER and
promised to give a dinner himself
TO the directors when the deposits
shall have reached $1,000, 900. The
directors are expecting to enjoy that
dinner before another winter shall
have passed.
The bank had as its guests for
the occasion z. W. Davis, builder,
who had charge of the erection Of
the new bank building: ]. Stanley
Simmons, the architect; H. K. Peachy.
N Of Brooke, Stokes and Company; OIL
ver Smith and R. K. Ferguson.
Toasts on various subjects were
responded oby the different direc-
ors, Jesse H Hedges. of Hedges and
Middleton, referring to future accu-
uulatIon Of funds in the banks which
you'd necessarily find investment In
Pal estate because OF continued de- |
elopment of Washington. Mr.. Saw
re, president Of the bank, spoke
the need Of closer cooperation
mong the bankers for the encour-
cement Of sound business principles, |
well as for the necessity of prof |
able banking. He spoke especially |
the need Of a standard form Of |
te and the duty OF a banker to |
pply patrons with funds so long
he may need them without re-
iring petty curtailments and the |
ed Of more legal holidays in Wash |
yton so as to give tired bank en-
a and ne had Il