Evening star., 1921-09-30
GOOD Gain SHOWN
IN BANK CLEAR|NGS
Increase in September Over
Same Month Last Year,
S1,0e0,0O0.
BY 1. A. FLEMING.

The month of September, 1871, YVES
a better business month than Septem-
ber, 1920. as demonstrated py ths
record of the Washington Clearing
House Association, the total clearlnss
for the month being S66.7o4'oI'.Is'
Comparing with s65.663, ,2S6.31 for the
same month last year.
This gain of over s1,09o.Ooo IN the
clearings represents actual business
betterment and may be credited very
largely to the Improvement III 'ne
retail trade of the city ~,
September is an off month IN tne
matter of dividend and interest pay
hents and very few checks VI ths
character have passed through 'ie
clearing house. vail
way system for the third week IN
September showed a decrease IN sross
of SS96,913, and for the year Jan
ary 1 to September 21, gross ue
crease of $19,451,sS1. Final nsu sn
will probably show that savings ~,
onerafine expenses and charges VIII
turn the decrease into net operating
income gains. ,,o,a
August and September railroad
earnings are much better tnan aoi
but the showing is entirely due to the
neglect of equipment ana maln.e t
nance, with large savings IN opera.-
ing expenses.
Personal Mention.
Milton E, Allies, president of the RIGGS
National Bank, left TINS noon LOT d .,
month on the river, If 1t clears up
and at home on Bolivar Helghts.
With two new rods and an ample
supply of everything, m. E.. threw
the cares of business aside and LEI
'(on the noon train. delighted with the
prospects of home. the country the
river and old friends. and the nrsi
vacation since assuming presioehIiai
responsi bilities.
Albion X. Paris, one-time actlve
business man of Washington, now IN
semi-retirement, returned from long
summers vacation spent in New Eng
land He expects to remain here dur
ing the winter.
Director Elected.
G. Bryan Pitts. vice president and
secretary of the w. H. West Com
pany. and also vice president OF the
F. H. Smith Company. has been chos-
en- a director of the Washington Me-
chanics' Savings Bank, of which Ezra
Gould is the president.
High Price for Bonds.
Frederick county, Md. sold $125,000
serial per cent special school bonds
on Thursday to the Citizens National
Bank of Frederick at 101.
Ranking Trust and Mortgage Co.
This will be the name Of the new
trust company of which Percy S.
Foster is to be president; NJ. 4. Win
ter, chairman of the board; George
B. Fraser and II. w. Robertson vice
presidents. Messrs. Winter, Foster
and Robertson have been named
trustees to receive payment of stock
subscriptions.
Announcements were made last
evening of plan for new build
ing to be erected on the northwest
corner of 14th and H streets north
west. The original intention was to
house the trust company In a per-
manent home on 18th between New
York avenue and H street north
west, on the east side of 14th, the
building to be erected by Mr.. Will
aRrd, owner of the site, for the trust
company. Selection of a new site
evidently means an abandonment of
the former plan.
LOcai Securities. - .i.'
Trading on the local stock exchange
was decidedly light without sufficient
change in prices to warrant much
comment. Railway As brought 61.
Capital Traction SIS S71k, while few
shares of Capital Traction sold at
s61z.
Federal National Bank stock
brought 171A. Call money. 51a to
per cent.