The Washington herald., 1921-12-14
WASHINGTON BUS
COMPANY PLANS
TO ADD TO SERVICE
Transit Company to Add
Thirty Buses on Two
~. New Routes.
OTHER LOCAL NOTES
Blvd & Co. Open Brokerage
House; Potomac Savings
... Directors Named.


ment OF earnings reported for the
month of November. 1921, announce
ment is now made that the Wash
inEton Rapid Transit Company is
planning huge expansions Of its
service, which will provide for new
bus lines in certain areas, at present
not routed, where exists an urgent
demand for transportation facilities.
According to W. Elkins Reed,
president of the company, fifteen
new buses will be delivered to the
company within the next ten days
and will Immediately begin to oper-
ate on what will be called the Pet
worth and Rhode Island avenue
ronte. In addition. fifteen other
buses have been ordered, which
will be placed on Massachusetts
avenue. This latter route will be
started sometime during the first of
next year, il was announced.
Officials of the transit company
express themselves as being very
well pleased with their project. On
December IL an increase of $500
passengers over the corresponding
period of November was shown,
which would indicate a net profit
for December. 1921. in excess of the
S965.6S reported for the previous
month.
New Brokerage House.
\ new brokerage concern. Bird
and Company, have opened Offices
IN the heart OF the new financial
district at sci Fifteenth street
northwest. direct private wire to
Ogden d. Budd and Company, men,
hers of the Consolidated Stock Ex-
change in New York. who have been
in business since 1855. has been in
stalled. Bird and Company are the
first out-of-town correspondents to
he allowed affiliations with this
concern.
The senior member of the new
firm Is Hugh $. Bird, VINO for the
last four years has been assistant
treasurer of the American Red Cross
here in Washington. In that ca
paCity Mr.. Bird has handled much
money. the treasurer of the Red
Cross being an official of the Treas
ury Department and not actively IN
charge of the handling Of the So
ciety's funds His experience has
foeen wide and varied in the fields
Of finance, covering almost every
conceivable form of operation, in
Cluding large transactions in for
eiCn exchange of practically all the
countries in Europe His standing
in the city among the banks and in
general financial circles is an assur
ance that the affairs of the new
cNsapany will be handled on sare
and conservative basis
The other two members of the
firm are H. Randolph Bird. son of
tho senior member, recently con-
nected with the Washington Bureau
oS -she Baltimore Sun, and NJ. P.
Dtvfn. widely experienced In the
Brokerage business.
sg,se company will maintain acom-
pHs service Of telegraph commu(
ntIsations Of prices over the ticker
a their own wires. and will make
aRpecialty OF dealing in odd lots
% stock, in less than 100 share
bScks.
Stockholders Meet.
At the regular meeting of stock
hs,1eTs Of the Potomac Savings
Bank. held yesterday afternoon, the
name of william II. Haney was
aSded to the directorate, to fill the
|, vacancy caused by the death of
nsmes now constitute the direc-
t2ats for the ensuing year: will
IN W. Anderson, Samuel Artz.
Aphonse NJ Baer Emory Fl. Bogley.
HsA gee Bowles. Davenport b. Elgin.
VSIIiam n. Haney. George w. Ofrutt,
gorge W. Offutt. jr.. Henry W. Of
fsLt. VI. Wilson Offutt, DR.. Anthony
NJ Ray, DR.. Michael J. Ready, ].
\ ETiam Stohlman and S. Baker
! Weaver.
Fonowing the meeting/ the di-
ma nj ~ ,av0I lad
rSon the excellent showing which
iEbsfng made by the savings insti-
tSiori. Statistics were offered for
tMeir. perusal which indicate that
tEr Potomac is now the second
lrrest savings bank in the Dis
tdct. The largest, II is understood.
X the result of an amaIgamation
oe two banks.
sChristmas savings checks for
more than S25O.OOO have been mailed
dsrinE the past few days. This
v4s the third largest club in Wash
iheton.
Thomas Hndt and Harry C.
Bszaes. respectively president and
VICE president of the Mechanics
National Bank of Baltimore. were
visiting in the financial district here
Yesterday
Local Securities.
Considerable activity in Washing
ton Railway preferred was seen on
the Washington Stock Exchange
yesterday, eight deals. involving 60
shares, being cOnsummated at
.prices ranging from 629s to So.
In Capital Traction 20 shares
we're sold in two deals of even
number of shares at 81.
Practically all the trading OF the
day was after call. only $1,000
Metropolitan Railroad 5 going be-
fore at 93lz.
Later in two deals in Washington
Gas 7i.s a $1,000 as well as $500
note brought 1O4. while one of the
500 denomination sold at los, and
two $1,000 Potomac Electric GIN.
md Ref. Is changed hands at lO4h.
= $500 Capital Traction sold at
?5.
Call loans were offered at per
cent. with 5 per cent bid.
Cali for Funds.
secretary Mellon yesterday morn
ing called upon all national banks
holding funds to the credit of the
Treasury, arising from the sale of
Treasury certificates OF November
l. to pay into their respective re-
rional Reserve banks 40 per cent
h. ba n SIph funds hv