Evening star., 1921-10-13
LOCAL BOND LIST N
SHOWS GOOD TONE
Washington Loan and Trust
Pushing Foreign Exchange.
Trade-NeW Bank.
BS ]. 4. FLEMING.

Thcfe was considerable inycstm.-I
business transacted on the local stocl.
exchange. in number Of transactions,
but not in aggregate trade. IS nlany
of the sales involved but a few odd
lots of stock.
Prices Were generally strong. with.
Potomac General Us moving uD :.
I91ia and the Consolidated is Of In.
same company selling at SOS. Gas
= per cent notes were Il shade firm
er, selling at l023,.
In the stock list Raiiwya comnor
displayed fair strength at 2jl. Tho
preferred shares were easier az So.
TO ,1Ts
odd lots of stock wcrc traded ia 4,
l19 for Union Trust and 49, for
Washington Gas.
Money & Per Cent.
Money in New York was very firm
at 6 per cent, with the chances faNr"-
able for Il furry with the heavy with
drawaIs of saturday, partially NIT
gated by the redemption of Treasury
certificates and the payment Of SEM
annual interest on the fourth iibcrrE
loan bonds.
South American Trade.
The plan known az tho ''Finc's'
scheme, for handling mercha ndis,.
shipped TO southern aud rsntra
American points and refused by con
siGnreS. has been abald"ned and I'll
goods covered hy the plan Will no.
~ returned I" IL. United states i"r
distribution "u The HON. market. ;s
loc;tl importers in the sections ualtJ
are taking over the goods.
While th, movement WAS expcnsiN..
from the standpoint of losses sus-
taiued. the clearing of the merchali-
disc opens the way fnr rev business
which will probably bc more prof
able.
Personal Mention.
Victor Il. Deybrr. president of ~.
Second National Bank. has r.rurn..,i
from his vacation
Convention Proceedings Out.
Proceedings Of the third annual coI.-
venIion Of tn" District of Columi..3.
BANKERS Association have ben t.
sued. II j. - handsome book, contain
ing verbatim reports Of all debates. ,f
ali papers read and III" discussions
thereon.
Victor B. Deyb.r. secretary of tf-c
association. has the record in puhli-
cation vi proceedings by som"
months.
Pushing Foreign Exchange.
Th" Was hinGtou Loan and Trus,
Company is making a strong effort to
increase irS foreign exchange bust
ness. taking over q considerable poy-
tion Of the local business abandoned
hr tn Guaranty Trust Company when
il withdrew from the exchange field.
The trust company is doing it's for
eign business direct with leading
banks ol London. Paris. Berlin, Vienna
and other points. and il representing
local institutions and n number or
outSid" bar. kS and trust companies
covering their hiils.
So IfnbDTf ,IDT ti,o gNPianCa hTts--
ness become Jhat IA" department viii
DC given larger qdartorS in the banl,.
increases Capital stock.
The Cosmos Theatof Company has
increased its capital stock 40 $500 %"
in anticipation ot the erection ami
operation OF its proposed new huilG-
ing TO be located at the northeaz'
west. The officers Of thc COMPANY
are: Alexander W"Id president:
Theodore Armat. vice president: FuI-
ton Brylawski. secretary, and Il. y.
Harper. treasurer. \. BrylawsN is
the general manager Of tn. company.
Bank 10 Open saturday.
The America. "oamercia1 and Say
saturday morniilE in temporary Of
foes on III. ground floor of ili. Bar-
riSter buiiiinc. on + street northwest.
Just east Of eih street.
Tho bank has as authorized capita
of sl5". 90" and surplus Of S3n.uu" Th.s
par yalu" uf r'1'- -t"ri. j. 81" a shar..
The oliirHrS of the new, bank are,
Edward N"ieht. ir.. preside nj; Rich
ard Z. Owe. Edwards \. Bra ar
and L. @. Cunningham. vice prcsi-
dents: EObs.ri q. Shaw. cashier: Fran
els i. Fowler. assistant ca shier, aud
Michael NJ. Doyle. general counsel.
The board of directors is composed Of
twenty-five business men.
The American Commercial and say
iDgS expects L" locate permanently
in its own home. southeast corner Of
7th and q streets northwest.