Evening star., 1921-01-25
AMERICAN CREDIT
IS WIDELY SOUGHT
South American Loans Beinq
Considered Harper
Names Committees.

The great success Of the Belgian
!oan is sure to bring other applicants
Tor credit into the field. 1t is stated
that the last Belgian loan could have
slightest trouble.
This is one evidence OF the great
aoundance OF money seeking long,
term investment at the high rates in
vestors evidently fearing that with
the lower rates in local markets Sc
curities VIII be given a test at better
interest rates to the borrower.
II is reported this morning that a
Danish loan. or rather a city of CO.
penhagen loan. of sl5.0O0.000 has been
agreed upon by the National City
Company. through its foreign offices.
the term being twenty years and the
rate per cent. with the price 95
South America is said to be the next
In line. Argentina, Chila and Brazil
seeking terms for accommodations,
put baking at the per cent-at
least. Argentina is said to have RI
fused to consider it
me french government will pay
Kuhn. Loeb & Co. IN February, s23.-
100000. and on the same date $l0.-
100000 to the United States. semi-an-
nual interest on the s400. 200. 900
French bonds held in this country.
as guarantee for the payment of
materials purchased by France after
the armistice. These funds France
mas from her own resources. There
mas been some talk of a French loan,
but this is denied by NJ. Casenave.
Names Committees.
Robert y. Harper, president of the
District Bankers Association. has
named the two committees agreed
upon at the last meeting of the asN
sociation.
On the enactment of safety legisla-
ton for investors, for the enactment
OF a so-called blue sky law" Eugene
u. Thompson. chairman; H. H. Mckee,
Robert A. Cissell. W. T. Galliher and
Victor B. Deyber
methods and forms, John Poole. chair
man; Howard Moran, Francis G. Ad-
olson. jr.; H. L. Offutt. jr., and Rob-
ert v. Fleming.
A meeting of the executive council
of the District Bankers Association
has been called for Friday night, at
which time the proposed get-together,
dinner will be discussed. 4
Local Securities.
There was but little trading in tn
market for local shares and bondsN
Prices showed no change worthy of
special mention. Washington Gas
shares brought 37k. One sale of
Federal National Banks stock was
made at IFS.
LII Tic uoHu section nuInDer OK
sales of Potomac Consolidated 5s
were reported at S0z. slightly lower
than previous sales.
Washington Chapter Activities.
F. J. Donohoe. assistant instructor
of economics at the Catholic Univer-
sity of America, will deliver a series
Of lectures on Money and Banking"
before the advanced class of the
Washington Chapter. American In
stitute Of Banking, on Thursdays. The
first lecture will be on "Money-Its
Functions. Coinage. etc.
Next Thursday r. B. Dickey will
conduct the quiz on Commercial and
Banking Law"
Warrington Gas Note Issue.
Crane, Paris & Co., investment bank
ers, announce the flotation of an issue
of $1,200,000 71a per cent five-year
notes by the Washington Gas Light
Company, notes dated January !. 1921,
with right Of call by the company at
1o3 after January 1. 1923; at 102 after
January l, 1924, and at 101 a year
later.
The proceeds of the issue are to be
used to reimburse the corporation for
capital expenditures that have been
made. The notes are being offered at
par.
Ford FinaneinE.
1t is stated by the Wall Street
Journal that Henry Ford has dis
cussed with bankers the question of a
loan from s50.000,000 to $4,000. 900.
There is a possibility that the actual
financing may be postponed until
summer. Current obligations. aside
from merchandise accounts payable
and federal taxes, are said to be less
than $25, 100000.
A Boston wire in the same publica-
ton places the minimum financing
needs Of the manufacturer at $67.-
600 900