Evening star., 1921-09-15
BUSY DAY WITH
LOCAL. BANKERS
Many investors Replace Ma
tured Certificates With New
tissues and Utility Bonds.
BY /. A. FLEMING,

HIS was TIE UdnAcTS OuSy udy-
they were buster than they have been
for many days The large amount of
maturing certificates and the rush of
customers to reinvest the funds in
addition to usual activities at the
banks. kept the forces busy from the
to the close.
Wherever possible, maturing invest
ments were turned into the three-year
notes with considerable money going
into the 5A per cent certificates. y
On the Stock Exchange.
Evidently a considerable portion of
the proceeds of certificates matured
today, were invested in the bonds of
local corporations. for there was an
active demand for all Of the favorite
issues. with the largest aggregate
business of several days, while prices
were invariably strong and in some
instances quotably higher.
Washington Gas SIS opened at so
and closed at sou. with sales of $1,000
par value. Railway general IS were
strong at 94i1 and Metropolitan So
were wanted at SO.
Potomac Electric first IS sold at
S9h and Capital Traction 5s at S6A
All of these issues are selling Well
up to the prevailing values of bonds
bearing the same interest rates on
the New York bond market-indeed,
very few S per cent bonds on the
latter list are in the relatively high
sos.
Stocks were almost entire nominal,
the single exception bein; sale of
twenty five shares Of Washington
Gas at 44h.
Correction In Figures.
Deposits of the Washington Loan
and Trust Company were given in the
table published yesterday as 1884,
364.24. The printed statement of the
company shows deposits of $10.086,-
3S4.74.
These were the deposits at the close
of business September 6.
Victor Talking Machine Company.
The Victor Talking Machine Com
pany has declared regular quarterly
dividend of $40 a share on the COM
mon stock of the corporation and
$1.75 share on the preferred stock.
Columbia Grnphophone.
Eugene E. Thompson. a director of
the Columbia Graphophone Company,
is authority for the statement that
for the first eight months of 1920
the corporation referred to did an
about the largest in it's history, and
that it was little later than this.
in 1920, that the bottom dropped out.
This year the company lost money
in the first few months operations,
has done little better in the last
few weeks and looks forward to an
increased business during the fall and
winter months. Its bank obligations
have been extended.
1t is true that the company has not
made its own cases. but it was the
intent of the corporation to use the
Baltimore factory for this purpose.
The big inventory at the close. of the
last calendar year has been reduced
materially and the outlook, is more
encouraging.
Personal Mention.
E. ]. Stellwagen and Frank ].
Henry motored to Benedict, Nd, to-
day. and back again.
"Our New Responsibilities"
This is the subject assigned by the
American Bankers Association pro-
gram committee. for D. r. Crissinger
controller of the currency, to discuss
at the convention in Los Angeles. be-
fore the National Bank Division on
October 5.
In Temporary Location.
It is stated that the Banking Trust
and Mortgage Company will do bus
mess for two years in temporary
quarters, at 1909 H street northwest.
This is the trust company of which
Col NJ. A. Winter has been mentioned
as chairman of the board of direc-
tors. and with which the name of
Percy Foster, well known Washing
tonian, is connected.
The company was expected to take
the lease of the banking building ad-
joining the New Willard. on the west
F street side, pending the completion
of a permanent home.
1t is ,s.., understood that iieon, the matter tel
not been definitely settled.