The Washington herald., 1921-03-16
SMALL DECLINES
ARERECORDED0N
LOCAL EXCHANGE
Capital Traction Stock
Lesil Soirited Trading;
SuGsss Small Loss.
OTHER LOCAL NEWS
Many Bankers Sick-Phelan
Honored-Drury Vacation
ing; Bankers Meet Friday.

Spirited trading in odd lots fea-
tured yesterdays session on the
washington Stock Exchange
weak, tone prevailed and number
of small, dscitnesSwsrs noted in i'm
portant issusa .,.~
CAPITAL Trsction shares were the
real leaders ssf, the day. this security
opening ass deciinipg to s5%, and
then recovering to ss%. at which
quotation the issue closed. Sales as-
greEatins 1o4 shares were recorded.
FoIlowins-eometh the Lanston Mono
typex opening a. sshrand declining
by asESsss 70 II. the closing price
A total Of forty shares were dis
pobeA- Of In four equal sales. One
snAre of Railway preferred stock
allo changed ownership at 5SA.
Washington Gas I n per cent notes
vsrs traded in to the extent of $4,000.
fass value, at the popular price Of
1oSS. Capital Traction SIS also
catrie in for $1,000 worth of atten-
tidrA at 81, while a $1,000 per cent
bosnd Of the Potomac Electric Light
Cdrapany also found its way into the
salss column at s7h.
hneA sickness I'm Local Banks-
snkness has greatly depleted the
f., ranks of local banks. At this writ
ink, Wade H. Cooper, president Oh
thk Union and United States Saw
inks; Fred p. Harmon, cashier OF
Merchants; Charles D. Boyer as
sistAnt cashier of Federal and pres
idknt. of the local chapter. Ameri-
can, Institute of Banking. all being
cohtned to their homes, Boyer II Is
reported, with diphtheria.
Id addition to these, many banks
reb6rt a great number Of incapacities
arAdng less important personages,
one, prominent bank having 10 out
off q total of 120 on the sick list.
4, Phelan Honored.
fhe board of directors of the
WILMINGTON Savings Bank rendered
a bhner and an evenings entertain
mant at Keith's last evening to Will
ian, NJ. Phelan, president of the in
stnltion, in appreciation of the re-
m4rkable upbuilding of the bank
unhkr Mr.. Phelan's presidency.
s1eeches extolling the work done
and, results accomplished under
PHelan's leadership were made by
Geofge B. Bryan, ]. d. Leonard
Joteph A. DAILY. William E. Russell,
Jobaph D. Sullivan. Rosa Downing.
Lepp Shore. James T. Mccarthy
william H. Gottlieb and S. ].
VenAhle--.--r--.4,--.
Mr.. Phelan- spoke. feelingly Of the
honor extended him. praised the en-
tire directorate and personnel of the
bank and promised renewed efforts
to further increase and extend the
usefulness of the institution.
At a recent meeting of these d.
rectors, it was voted to increase the
pait IN capital stock from $4,000 to
sI0d,o0d.y It's deposits now exceed
half a2miIlion dollars. and a drive is
now on to expand this sum to a
million.
Drury in Atlantic City.
Peter A. Drury. president of the
Aerchant's Bank, is spending a few
days .vacationing at Atlantic City.
\ Pepper In Washington.
Charles NJ. Pepper, a director OF
the Chile American Association, Wis
tied, Washington for the purpose OF
attending a meeting of directors OF
the international Finance Corpora
tom
Committee to Meet.
Ameeting for the purpose of COM
plettng all unfinished details in con-
nection with the forthcoming dinner
of the District of Columbia Bankers
Association. has been called b,
Colonel Robert N. Harper. to be helC
In his once on next Friday at 4:0(
p. II
Banks Complete Busy Period.
It.was with a sigh of relief thai
Washington banks closed theil
doors upon completion of yester
days business, that day marking
the last day Of the income tar
returns.