Evening star., 1921-12-07
GEORGETOWN GAS
BONDS ADVANCED
Sales at 79 IL a 5-Point
Gain-List Held Strongly.
Few Sales.
BY i. A. FLEMING.

II seems as if the local stock mar
off following an unusually active
days trading. as if it were next to
impossible to have two active days
in succession.
Yesterday the entire list with few
exceptions displayed strength and the
utility bonds showed both strength
and activity.
but fair show of strength was made
and there were few evidences of any
disposition to push sales through
granting concessions in prices.
Clearly the feature of the session
was the advance in the price of
Georgetown Gas 5s from the last
nigh Tor The year. At the price the
annual income is over per cent,
slightly.
The action of the Mergenthaler is
a disappointment to its friends, for
the reason that the report made pub
lie after the annual meeting was
very satisfactory and the outlook
thoroughly encouraging. The advance
from around 122 to l3e was made in
relatively short time and with very
iiS Ht tTdnSactlOnS- of the DOWN STdus
only odd lots have been traded in and
the price is again back in the high
eos, 1857 being the bid and 12s7s
the asking price today. Lanston was
again easier in sympathy.
Potomac general 6s were strong at
9Sh. The is Of the same company
were nominal, with 104 bid and 1041.
asked.
Railway preferred sold at g. =
small lot of Commercial National
Eank stock brought 12sts.
Capital Traction shares were held
at 92H. 81 bid: Railway common. 81
bid. AZ asked; preferred. 81 bid, 81
asked; all indicating such a wide diff
ference in views as to values thai
transactions were impossible.
Bus Revenues.
The Washington Rapid Transit Com
pany collected a total of S13.215sS
during the month of November. from
which IL evolved net gain of S35o 81,
The company carried 10000 passen-
gers.
The effect on the street railway com
panies from a years operation maH
readily be computed.
Two Important Functions.
The officers of the American Banker
Association and the administrative
committee of the same organiza ton.
will entertain the District of Columbia
bankers at dinner to be given III
the Fairfax room of the New Willard
Hotel on Wednesday evening the l4th
instant.
On Tuesday evening the local bank
ers' association will receive the Off
GERS and the administrative commit
tee at the Racquet Club.
Invitations to the latter function
were, mailed last evening. The bank
ers have asked the judges of the
United States Supreme Court. judges
of the District Supreme Court. the
Court of Appeals, the deputy con-
trollers of the currency, presidents
of trade bodies, superintendent OF
public schools and the nine financial
advisers Of the nine nations repre-
sented at the conference on the hmi-
tation of armament to be present at
the function
John 3. Larner. president of the
local association. urges that every
member bank be represented by al
least five officers and directors at
the reception.
Big Night mt Chapter.
Last nights meeting of the Washing
ton Chapter Of the American institute
of Banking was one of the most impor-
tant of the season, to date. First, George
o. Walson addressed the elementary
class, and his talks are always SO prac-
teal that they are thoroughly enjoyable
Then Frank G.. Addison. another prAc-
District Bankers Association. dropped
in for a friendly call. as did Alexander
dunbar, vice president of the Bank Of
Pittsburgh. and both made interesting
addresses to the students, greatly en-
couraging in their efforts.
Then Franfl G. Addison. another prac-
tical man, conducted quiz on the sub
ject of his lecture week ago.