Evening star., 1921-04-23
FOR CALL
ARE S|MPuF|ED
TWenty-Eight Queries Are
EIiminated-AIl important
Facts Covered-Notes.
BY i. A. FLEMING.

Forms were received az the various
office of the controller Of the cur
rency. containing questions relating
to the condition of banks. 10 be pre-
pared on reosipt OF call for same from
the controller
Bankers were pleased to find that
not less than twenty eight questions
tha; have appeared of late in forms
have been eliminated, but in the
twenty eight were not included any
essential queries, all important points
being thoroughly covered as hereto
fore.
1t may be that the call for a STATE
ment of condition will be made before
the close of the day. but bankers We're
rather inclined 10 think that the call
would come on Monday.
1t will find the savings hanks amply
supplied with funds and probably
other institutions in strong position
as to deposits.
Important Merger in Baltimore.
The Merchants National Bank OF
Baltimore ,.@mpieted negotiations
>
the largest financial institution in
the south, having resources of So2,-
900. 900.
The institution is itself the result
of a merger. and yesterdays trans
action included another merger, this
time with the National Bank of Com
merce. with Thomas Hldt, vice presi-
dent of the Bankers Trust Company
OF New York. as president; John T.
Ramsey. now president of the Mer-
chants National. as chairman of th9
board. and Eugene lowering. presr-
dent OF the Bank of Commerce. as
chairman of the executive committee.
The official roster of both banks,
other than as noted. will be retained.
By the terms of the merger the
present $500 shares of the Nor
chants National Bank. par value $40
share. will be Increased TO 100000
shares of the same par value to take
over the 10000 shares, par value SIS
a share of the National Bank of Com
merce, on the basis of 17s shares or
Merchants National stock for one
share of National Bank OF Commerce
stock.
Directors of both institutions haSe
given approval of the merger and the
shareholders will vote in thirty days
on the proposition.
Thomas Hildt is Baltimore boy. on
the sunny side of forty, and was for
merly with the National Bank of
Commerce.
The latest report from r. n. Harper,
president of the District Bankers AsSo-
citation. announces that 500 acceptances
20 the dinner of the association next
Tuesday evening have been received
This is very close to the capacity
limit of the big ballroom of the New
willard and the list will probably be
closed today.
Citizens. Bank business Hours.
Directors Of the Citizens Bank have
I.ava L.
will open at $50 am. and close al
m. with noon closing on Saturday
| and $50 closing on pay days and the
day after.
This will shorten the average day,
as the bank now keeps open until
5 80 daily the new hours being in line
| with those of other savings institu-
tions.
Local Securities Slow.
A few odd-lot transactions, none Of
special Importance. with an aggregate
of fifty-four shares completed today's
transaction on the local stock ex-
change.
Railway preferred made a new high
on this movement at 62E. Traction
was a shade firmer at IS. Washington
Gas sold at AZ ~, Mergenthaler at 120
and Union Trust shares at l20
Bonds were not traded in, but the
quotations show fairly good strength
maintained.
Wall Street Notes.
White Motor Company is turning
out 100 trucks A week. o
Corn Products Company. in 1921,
earned the preferred dividend, plus
90 share on the common stock.
The surplus for the year was S101,-
099, as compared with S2,S35,1S6 for
1919.
Southern bankers hold that the
worlds buying powers are not suffi-
cient to absorb large cotton pfoduc-
tion and ask curtailment to about 30
per cent. Spindies the ncortd over
have been worked short time end
with but part of the great. naSnher
employed. NV.
Senator Knox intends to offer, an
amendment to the emergency tariff
measure for a dyestuffs, embargo.
Utah Copper earned S3.03 a shart
in 1920.
',Rebirth of normal business awaits
said James Alexander, president of
speaking before the National Aisso-
citation of Cotton ManufactuUrs.
Never before" he added. '.in the his
tory of the world has there been such
a profound change in human con-
duct as we have seen since the war
began. Business stability and a new
normal for the conduct of the worlds
economic life cannot be found while
these conditions prevail"
Tobacco products declared the regu-
lar script dividend.