Evening star., 1922-09-29
CAPITAL TRACTION
BONDS ARE Lower
Bankers Suggest Changes in
., Millspaugh BiI|-FederaI
Financing.
BY 1. A. FLEMING

Local securities were a shade easier
today, without anything like real ac-
tipity throughout the list.
Continued reports of decreasing
earnings may have been responsible
for Capital Traction settling around
1o2!s, but as the dividend was re-
Gently taken off, the price is not far
from the high point of the year.
Railway common brought 55s+, with
nothing doing in the preferred.
Capital Traction 5s were off q of
AZ point, the weakness being more
evident here than in the stock. a sale
bning reported at 9sS.. as compared
With 93h. the most recent previous
pFice
Railway is were steady at 74h. and
Washington Gas notes, ~ per cent,
firm at LOSE.
Aanston was strong at so.
Released From service.
With tomorrow night practically
with tonight. Eugene Z. Thompson.
fireman of the grand jury: Ernest E.
Herrell and Corcoran Thorn will, be
Eeleased after six months gratuitous
service for the District of Columbia.
May Be Disappointed.
New York papers and others who
have been telling all about Secretary
MELONS plans for financing with the
advent of october are very likely to
he shown up as in the weather man $
GLASS.
sIhere may be no financing during
October. Secretary Mellon knows.
hut his announcements are made Of
fcially and not by way of prediction.
:: Going to Convention.
The list of delegates and others
who will attend the annual conven-
tion of the American Bankers As
ISOLATION beginning in New York city.
at the Commodore Hotel. Monday
morning, October ,. has been further
augmented by the following:
John B. Cochran. president of the
Franklin National Bank: D. r. Girls
singer, controller of the currency;
H f. Dulany. Thomas T. Hickman.
E e. Mount5oy. Jesse B. Ross and
j. B. Sparrow.
AS matter of fact most of the
banks of Washington will be head
less" during the early part of next
week.
Personal Mention.
Halliday more for Milton Z. Allies
at the Riggs Bank and then heigh-ho
for Boliver Heights for the entire
month of October. while Charles L.
Glover will again be the acting head
of the institution.
Mr. Allies has waited an entire
year for this vacation and what he
plans to do to the bass from the
canal, thence to the skillet-wen he
plans well.
Bankers Meeting.
AT the meeting Of the District
Bankers Association. held last night
at its headquarters. New Masonic
Temple, the Millspaugh banking
measure was the one ara only sub
ject Tor consideration.
The measure, after the suggestion
of a faw amendments. which will be
brought to the attention of the
sponsor of the bill, was given in
dorseme,nt.
AS expected. in yielding to the
savings bank section. the capitaliza
tion limit was recommended reduced
from S2CO,000 to 100000. the section
reouirinty directors to hold ten shares
of stock of 500 par value was
changed to like number of shares
of not less than $50 par value. and
the provision for bank borrowing
more than it's own capital and sur
ptus, on permission of the controller
of the currency. in the event of an
emergency. was recommended elm
inated.
:. CombhDed Reserve Statement.
The Combined statement of the
federal reserve banks shows an in
crkase of over $5S3.0000O0 in earning
as4ets and "a decrease in reserve ra-