The Washington herald., 1921-06-18
ACTIVE TRADING
PREVAILS ON DC.
STOCK EXCHANGE
w. r. & E. Common and
Preferred Shares Lead.
Traction Declines.
OTHER LOCAL NOTES
War Finance Corp. Makes
Eoan-Meyer Discusses
s.. Bankers Meeting.


securities reached its zenith on the
local stock exchange yesterday. but
transactions were confined almost
entirely to the public utility issues.
Capital Traction stock scored the
only change. receding slightly to
ssh in sales aggregating eighteen
shares.
Railway common and preferred
stock proved themselves real mar
ket leaders. 120 shares of the for
mers selling at 80, and 40 shares
Of the latter at soy, including
block Of 100 shares, made after call.
Washington Gas stock sold in odd
lots aggregating fifty-hve shares at
I4at4L, and fve shares of Mergen-
thzler changed hands at 11eh.
stock Of the Continental Trust Com
pany sold to the extent of twenty
shares at 104.
The bond list was almost entirely
forgotten. a $1,000 Washington Gas
5 per cent bond at 77ta represent
ing the trading.
80 Dividend Declarations.
Dividend declarations in securi-
ties listed on the Washington Stock
Exchange have been many and fire.
quent during the past week. Wash
ington, Baltimore and Annapolis
Railway yesterday came through
with its regular quarterly divi-
dends on both the common and
preferred stocks. The preferred
rats is IL per cent and the COM
mon 1 per cent. both payable July
l to stockholders Of record June Is.
This disbursement on the common
nently on per cent basis. No
statement was made as to the earn
ingz of the company, but it is I'M
deFstood that since the absorption
of the Annapolis line they have
been satisfactory.
oficials of the company made an
inspection. trip over the lines i'm
nediately after the meeting.
% Commercial National.
Directors of the Commercial Ma
tional Bank have declared their
regular quarterly dividend OF "a
per cent. payable July 1 to stock
holders Of record June 81. The
books will not close.
Personal.
wilmer J. Waller, cashier of the
American National Bank. who sus-
tanned a fractured right arm sew
eraI weeks ago. has returned to
the institution.
, Mr.. Walters work for the next
couple of weeks will be entirely
verbal. as the injured member Is
still carried in a sling.
,-Frn.nee Agency Celebrates.
The International Finance Corpo-
ration yesterday celebrated its first
anniversary. This corporation was
formed here by local bankers and
business men as a commercial bank
ing institution. opening accounts
and trade acceptances. supplement
ing rather than competing with the
regular banking institutions.
Numerous congratulatory tribute,
were received from the firms
clientele.
ID. c. BANKERS to Meet.
Members Of the District of Co.
lumbia Bankers Association will
meet next Wednesday afternoon at
I:30 O'Clock in the rooms OF the
Washington Stock Exchange on the
first call Of John r. Larner in his
oficial capacity as president.
War Finance Corporation Advance.
The War Finance Corporation an
nounces that II has made an ad-
vance Of 100000 to a Western bank
to finance the expectation of pro-
visions to Great Britain, Germany.
France and Holland.
Meyer Returns from Confab.
Eugene Meyer, jr., managing a.
rector Of the War Finance Corpo-
ration. attended the Chicago meet
ing of the Western bankers and
livestock raisers with John r. Nit
chell, of the Federal Reserve Board.
stated yesterday the meeting had
been entirely successful.
The Western livestock interests
passed resolutions of appreciation
Of the cooperation offered by the
Eastern banking interests. 1t was
determined to go ahead with the
creation of a s50.000.000 livestock
Ioaning fund, under a plan OF or
ganization and upon terms to be
settled by the bankers, in co-opera-
ton with the livestock people. Rep
resentatives of the livestock raisers
present Joined in the discussion of
conditions and the details of the
proposed plans and they agreed that
through the plans proposed most
effective and promptest aid can be