The Washington herald., 1921-11-08
CLEARING HOUSE
REFERS PROBLEM
TO COMMITTEE
-:
Washington Loan & Trust
Application in Hands
of Five.
OTHER LOCAL NOTES
40
Washington Rapid Transit Co.
Operates at Deficit; d.
C. Issues Active.
OTHER LOCAL NOTES

Al a special meeting Of the WASH
inston Clearing House Association
held yesterday afternon in their
rosms in the National Metropolitan
Bank Building. Il was decided to
refer the application Of the wash
ington Loan and Trust Company for
full membership In the association
to che Clearing House committee
for Recommendation
This committee, which consists of
John Poole, president Of the Federal
National Bank, George l. starkey,
vice president Of the National Bank
OF Washington; H v. Haynes, pres
ident Of the Farmers and Mechanics
National Bank of Georgetown;
Clarence corson. cashier Of Column
biass National Bank. and H H. Nc
Kses chairman OF the Clearing
House committee, will hold a meet
ing on Thursday afternoon at 400
O'Clock for the purpose of framing
their recommendation. after which
their decision will be held In Sc
crecy until the next meeting Of the
association when that body will
take final action
Ills understood that the Clear
ing House Association may either
accept or reject the recommendation
when presented.
n7the Washington Loan and Trust
Company is successful IN their at
tempt, to secure full membership in
thsyasociation IL will give them the
right. to have representatives sit In
at all deliberations. together with
theJpower Of voting.
washInEtOn Rapid Transit.
The monthly report of earnings
of the Washington Rapid Transit
Company. received by the Public
Utilities Commission yesterday,
shows q deficit of ssLss for opera
tiohs during the month OF October.
1saTrhis compares favorabIy with
the previous month when . greater
loss was shown
Total transportation revenue for
the period in question amounted to
s1S3f1-ll with total operating ex-
penses amounting to t1z,03s.36. The
net operating revenue aggregated
S344.73 with deductions amounting
to $3.50 for discount earned, SI6S.55
for interest On unfunded debt, and
miscellaneous deductions Of SlT.o7.
Local Securities.
Trading IN local securities was
fairly active during the opening
session of the week yesterday. Very
little business was transacted dur
ing the regular trading period. but
spirited trading was INDUCED In
after call" with bond issues show
ing the way by a wide margin.
Prices were hrm except in a few
cases when -bid'' prices showed q
declining tendency.
Potomac Electric Power general
mortgage Is were the real leaders
Of the day. a total Of $4,000 being
disposed of at l02. mainly IN lots
OF $1,000 and $500 denominatio
Washington Ga IS sold at So. and
small lots Of Railway general SIS
and Railway Is changed hands at
94I and sIH respectively.
In the stock list, Washington Gas
sold up to 4sX, opening at 4sH
Railway preferred stock at So. with
Capital Traction selling at ssK and
ssH.
Call. money ruled at per cent
bid with per cent asked.
A. I. b. Meetings.
2, O. Addison, r.. vice president
of the Security Savings and Com
rnercial Bank. wfll conduct the
weakly lecture before the elemen-
tary class. American Institute Of
Ranking. tonight.
Mr.. Addison will adress the class
on, endorsement OF negotiable In
struments. taking IN every phase
Of the question. including the ~dif-
ferent kinds, blank, special, restric-
tive qualified. condition, the dif-
ferent forms. guarantee OF bank.
corporation. partnership. etc.
President W. J. Waller will. as
usual, preside.