The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-10-20
DISTRICTS OLDEST
BANK COMPLETES
VAST RENOVATONS
National Bank of WASH
ington Now Ranks With.
Finest in the City.
M A N Y CHANGES
Safe Deposit Vault Is Added
Feature-Local Issues
Suffer Dizziness.
M A N Y CHANGES

The new marble and granite ex-
tension embracing approximately
2.7Oo square feet begun by the Ma
tional Bank of Washington a few
months ago is now practically
completed. as Is also the marble
and bronze interior improvements.
The various rooms for the on
GERS quarters have been furnished
throughout in elegant mahogany
desks and chairs. The different de-
partments of the banks work. In
Guiding the telIers' cages, the saw
ings. discounts and collections. are
all now In their permanent and
separate quarters.
In the new addition to the bank,
safe deposit vaults have been built
and 1000 lock boxes Of The latest
design Installed Although there
has been no formal opening Of this
department. the banks officers re-
been made in the number of boxes
already rented to their local Gus
toners.
In making these improvements,
the officers of the bank realized
that in a modern bank 1T would
be necessary to make proper pro-
vision for its lady patrons, and
have therefore set apart a special
room and desks for their accommo-
dalton.
Abundant space has been allotted
to the trust department and within
a few days IL is hoped the entire
improvements will be completed.
This, the oldest bank in Wash
ington, having been established
September 4. 1909, is now better
equipped than ever before in its
history to meet the wants of its
thousands of customers, the fam
lilies OF many Of whom have dealt
with this old conservative institu-
tion for as long as three genera
lions.
Since this extension and i'm
provements were begun, President
Norment has given his personal at
tention to every detail of the
work, and the results are a
splendid testimonial Of hts ability
as a progressive banker as well
as Of his good taste in architecture.
Local Securities.
Local issues were decidedly dull
on the Washington Stock Exchange
yesterday. In spite of the re-
stricted trade. prices held up very
well, with rs shares Of Capital
Traction selling at s7h and a
small amount of Mergenthaler SELL
After call. $4,000 Washington
Railway As changed hands at 591z.
Call funds ruled at 5 per cent
bid with per cent asked.
Personal.
Rolfe E. Boiling. president of the
Commercial National Bank. is
spending several weeks vacation at
the home Of relatives in Abingdon,
Va.
Fernand Petit. cashier of the
Citizens Savings Bank. has re-
turned from an extended vacation
spent in West Virginia.
Market Opinion.
In their regular review of stock
market conditions, A. S. Housman
and Company, says in part:
During the past month the
average price of the industrials has
shown a net fuctuation of only
about a point. In that month we
have seen relative staLilization OF
steel prices; have noted a II per
cent increase in pig iron produc-
ton as compared with July, and
copper prices have increased with
a better demand
There is much to be hopeful
about in the readjustment of. our
domestic banking and business sit
uation, but there Is not the same
amount of comfort to be derived
from the foreign situation which,
as at present interpreted, refers d.
rectly to Germany. 1t is difficult
10 escape the belief that there
must be a reorganization of the
whole financial system. there. and
developments are awaited with in
creasing interest"