Evening star., 1922-03-30
BONDS IN DEMAND
At HIGHER PRICES
Hibbs. & Co. Will Convert
Tenth Floor of Building to
Trading Room.
BY i. A. FLEMING,

Trading Room.
BY 1. A. FLEMING.
The initial buying in investing April
disbursements started on the local Stock
Exchange with little more vigor today.
: The manner in which the New York
Stock Exchange repelied all ef-
forts of bears to smash prices and bring
about the long-expected and believed-to-
be-overdue reaction. has given moro con-
fidence to traders and investors gen.
, orally.
Moreover the fact that trading has
been largely diverted to bonds Is an evil
the buying.
Today's sales included Washington
Gas 50 at 90. Capital Traction IS at
sSk and Potomac Electric general
mortgage IS at s9% to 99;s. These
bonds mature next year.
Railway common sold at 80 and WASH
ington Gas shares at So.
Ready Tor Exchange.
Washington banks this morning re-
ceived from Richmond new four-year
Treasury notes Of the latest issue. to be
exchanged for 4S per cent victory
notes turned in by March Is, under the
exchange agreement.
Banks win be ready to make the eX-
Tax Matters.
]. c. Duiin of the American Security
and Trust Company says that profits
made on capital sales are not taxabik
nearly as heavily as they were last year.
lwaen the maximum ran up to 70 per
cent. The top now is IL per cent. This
includes profits on realty sales"
Important. Improvement.
w. B. Hibbs & Co. have pretentious
accommodation of their large and in
creas.ng business. At the present
time the customers room, recently
enlarged and thoroughly ref1tted. is
: entirely too small to permit of the
comfortable accommodation OF their
clientele.
1t is now planned to convert the
entire tenth floor of the building into
second customers room. served by
tickers and with all market con-
veniences. Including large quotation
boards.
Here customers can keep in touch
with the market. with ample space
for comfort, and will not be crowded
others who are constantly getting
quotations and, giving the market
the once over"
The upstairs quarters will furnish
the first top-Story trading rooms in
Washington. although it is probable
that many heavy orders have been
executed from Mr.. Hibbs' private
Offices on the tenth floor.
Washington has never had g Gus
toners room high up and the new
trading rooms of W. 3. Hibbs & Co.
viii furnish an innovation and be a
gr eat accommodation to market trad
ers as well. while relieving the crush
on the main floor.
Incidentally. the financial library
of w. Il. Hibbs a. Co. cont aiming ali
standard financial publications. man
flals. etc. is avaiianle to the public.
with other, information as to records.
etc-, any time during business hours.
on the second floor OF the Hibbs
building. ~
The Northwest.
lis the title of a rather neat local
organ. evidently put out by the
Northwest Savings Bank in the inter-
diate neighborhood. Francis NJ. Saw
age, president of the bank, whose
name also heads the Business Mems
, Association. representing interests
around 18th street and Columbia road
northwest.
Efforts are being made by the as
sociation to secure the rebuilding of
the knickerbocker Theater and to
obtain another theater for the neigh
borhood.
The association includes all Of the
business men In that neighborhood.
The publication is creditable.
sPresperity Here"
Charles ". Clayton, treasurer Of the
F. P. May Hardware Company, at the
"wednesday clearing house luncheon
of the Washington Association Of
Credit; Credit Men Men at the . City Club. yes
that prosperity is just around the
corner. and said that in his opinion
we have already turned the corner
and are on the upgrade.
Continuing this thought, Mr.. Clay
ton invited suggestions from the cred
it men as to slogan to properly ex-
press this idea, and within a short
time the Washington Association of
Credit Men is expected to adopt
proper slogan.
James S. Mckee. vice president of
A. Eberly's Sons, chairman of the
committee on the Roanoke conference,
spoke briefly on the tri-state confer
ence which 10 to be held in Roanoke
members take advantage of this trip
met with large response.
Next week William Gordon Buchan-
An will speak on The Advantages
ana Principles OF the Trade Accept
Thrift in Schools.
Pennsylvania leads all states in the
tFolume of school savings banking and
Sts relatively high percentage Of the
number of pupils enrolled In schools
having school savings banking sys-
TENS who have become depositors.
Owing to rapid strides, this state will
soon, If it has not already, pass Cali
fornia in the amount Of its school
savings deposits. and its collections
already triple those of the western
state.
These figures are supplied by the
savings bank division Of the Amer
lean Bankers Association in its semi
annual report. which IL compiled for
the present school year prior to jan
Vary 1. Tho honor list 10 as follows:
Percentages
ofDeresitors Total
in Oper- Collectiona
STATE ating Schools. Sept .nec
Tennesses ..:.......... 50 sal, 600 Is
West Virginia .:-..-.- 81 A3, 3,o4el2
pentucky ..At......... IS M,2s1.T5
Pennsyivania Is 0l9, 7OH az
Indiana ........-...,. Il sS,200 70
-AfkAns2S tS $50 o.
Connecticut -........... IL 46,7S0.7l
ALABAMA NJ 630,70
Onlo oa SSa, IA. 81
OklAnoma ,..----- Of <00G. 81
Atif1nol8 - o8k09 50
- efneont % 1,346.A
All states. 1922. ~ 81
All states. 1921. ....... a.
The savings bank division also
gives list Of cities repairing largest