Evening star., 1921-11-05
LOCAL SECURITIES
SLIGHTLY Easier
Some Profit Taking in Evi-
dence-AIl Discount Rates
Reduced-N0tes.
ny l. A. FLEMING.

There was some little protit-taking
on the local stock market today no
material recessions, but let-up IN tho
rising trend that may have simply
marked week end adjustments.
Capital Traction shares eased a little
to 8SL to SS; Railway common sold at
2sL. and the preferred made new
high on this movement at 81. WASH
ingt6n Gas shares were wanted AZ
49A.
In the bond section. Capital Trac-
ton 5s brought 90A; Gas, ~ per cent
notes. l03. while the best bid for Po'
tomac genera. mortgage and"refundlng
as was 100as, none offered.
a sale in the bank stock group OF
Commercial National Bank shares at
167 attracted some attention.
Personal Mention.
Col, Wade II. Cooper has been named
by Gov. Taylor Of Tennessee to repre-
sent him at the services at Arlington
on ArmiStice day.
Charles H. Pietsh, District manager
for .ne X. l.. Dotiings Co., Is In Co.
lumbus. Ohio on business. He Will re-
turn on Tuesday to meet William u.
Benham, president of the company.
All Rates Reduced.
Discount rates of all reserve districts
per cent for the leading institu-
tions and ~ per. cent for Dallas. AT.
lanta, Minnea polls and Richmond
banks that are still struggling with
frozen credits" and compelled to
borrow from other reserve institu-
tionS in order to MAINTAIN tnelr
reserves.
This is broadening of the cheap
or money conditions and. IN common
with the earlier reductions announc-
ed. is having Il favorable influence IN
the markets and causing peter leei-
ing in business centerS.
Il is unusual that money should be
SO cheap at this time of the year. but
these are unusual times; industry
offers less opportunity in these re-
cuperative times tor the empioymena. !.
of money. the commercial demand 1s
not especially urgent, although I'M
proving, and. therefore, money Is
The chief reflection from the low
going rates is noticed in honds.
The Giut of Corn.
There is. veritable glut Of corn;
Prices have steadily declined until
the purchasing power OF the producee
normal. Last years crop was the
record, 3.232.367 600 bushels, and this
year the crop win be not far from US
large.
with the approval OF the Secretary
of Agriculture, the War Finance Cor
poration is about to develop plans for
storing corn on a large scale.
This action Is contemplated with in
tent to hold over the surplus from the
fat wears, not as an incentive 70
higher prices for the product, n out
against thin years that may come.
THE war Finance Corporation is
functioning all over the country IN
most useful manner, ASST sting IN eS
mort movements and aiding agricui-
tural and live stock interests ma
terially.
Hamilton Savings Bank.
r. w. Bradford, president of the
Hamilton Savings Bank, calls aeeen-
tion to the fact that the bank at tne
Garner of 7th and I streets north
west is the main office OF the insti
tution and that the 14th street ana
PARK road bank is the branch oanK.
The downtown Institution Is much
the larger of the two.
Call About Due.
The last call by the controller OF
the currency for a statement irois
The national banks OF the country, anu
in this city from ALL banking institu-
1ions.. was made on September 8.
BANKERS are anticipating call dur,
ing the coming week. and are In good
condition to meet It, Deposits nave
Loans may snow some increases
hut it will be only moderate.
Merchants are increasing tne
stocks with seasonable goods, ana
viii soon need credit facilities IN
larger amounts.
90 far the Secretary of the Treas
rry has not drawn on the credits es-
tablished by the recent safe OF GER
sificates, nor has he made any recent
drafts on the credits still existent
from the previous sale-about $751;