Evening star., 1921-03-22
CAPITAL TRACTION
SHARES UP TO@ z
Growing Belief That Merger
! viii Be Brought About.
Money Quiet
By I. A. FLEMING.

Several sales of Capital Traction
shares were made on today's session
of the local Stock Exchange at SSls
new high price on this movement
and nearly points higher than the
stock sold at the close Of 1920.
In way this is illustrative of the
new confidence in the street railroad
situation, coupled with the growing
belief, that during the incumbency
or the present District Commission
,ers plan will be worked out for
the union of the two systems. forced
In a degree through the necessity
of uniform fares between the two
roads and. further. by reason of
argent needs of the city and its
people.
There are more interests working
on the problem than ever before.
That merger can be forced finds
few believers, but that an equitable
basis can be reached. plus a little
force. is not an impossibility. :.
that is six points higher than at the
close of 1920. while the low of that
year was 15A.
GUIDE May Succeed Oyster.
W. F. Guide may be named as sue
cessor of James F. Oyster as a di-
rector of the Fifth Regional Bank.
The position. purely honorary, will
De vacant on the cSiShdtioH vi SoHi-
missioner oyster, and the local bank
ing fraternity will recommend a sue
cesSor at a special meeting to be held
at noon Thursday at the stock exchange
rooms.
Personal Mention.
Francis NJ Savage. president of the
Northwest Savings Bank, has returned
from Atlaatic City.
Light Demand for Cash
The demand for money is unusually
light for this season of the year
The unreasonable weather may have
something to do with this. as the
retail buying movement. while ex-
cellent during the present week, has
not been as good as expected during
the rest of the month.
Business needs are not as large as
usual, And the banking community Y
las more money to place in New York
on cali. but finds that there is
trouble IN getting it uot at desirable
rates there, SO restricted is the in
Quiry there.
Every one seems to agree that con-
ditions are ripe for a reduction in
the rate of the federal reserve banks
except the Federal Reserve Board.
and this opinion must be reached
befpre any cut will be made.
Pay Respect to Controller.
District of Columbia bankers have
Very generally called at the office of
the controller of the currency to pay
their respects to the new incumbent,
u. r. Crissenger, and have been in
yariably accorded pleasant and COR
dial welcome, with the request to
come again.
The present controller of the cur
rency hol06 that the bankers and the
controller should be good friends and
work together for the public interest
Wall Street NOte&
Time money Is very slow in New
York at S1z to Z per cent
Dehnitive securities Of the kingdom
OF Norway are ready to exchange for
Bank.
The Interstate Commerce Commits
sion has certified that there is due to
the Baltimore and Ohio system Sc 4O0,-
zoe: to Delaware. Lackawanna and
Maine. S6.500.000.
Bethlehem Steel Corporation for the
year ended December 81 earned 1881 a
share on the common stock after de-
probation and preferred dividend. as
wen as interest charges. Total in
ventories. $73.20s. .67S. or $500 900 in
crease. in comparison with 1919 in
ventory.-
Colorado Fuel and Iron made good
net earnings in 1920, the balance for
the common stock after charges, etc,
being $3-28 a share
United States Steel Corporation
pamphlet report will be made pub
lie tomorrow.
General Motors are selling of, while
other stocks are strong. The street
considers this due to heavy selling by
Au Points Of the shares acquired from
Durant last year.
Nearly S4 .00o. 900 gold arrived in the
United States yesterday. London and
India lost and we gained.
The new low for Pennsylvania
stock is bringing out the army Of
ofd-time Investors. who have never
lost faith in the company
American Radiator earned equal to
$22-S7 a share on the common stock
Net profits of the company, after
charges and taxes. $3.367,7I7.
Jewel Tea Company for the year
1920 lost $2,183,50S net.
Kelsey Wheel Company in 1920 earned
S17.A share