Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-11-01
predict SUCCESS
Of UNL|STEDL|ST
No Transactions on First
CaII-Some Bids-FederaI-
American Opening.
BY 1. A. FLEMING.

After the regular session Of the
local stock exchange a number of
stocks and bonds which have been
approved as unlisted securities" by
the exchange were called. For three
or four of the securities, including
Nlunsey Trust Company shares and
some less we'll known collateral. bids
we're maze, but there were no tenders.
only actual transactions will be
quoted from day to day. as bids and
oners not backed up by actual quota
lions might convey wrong idea of
Two or three new securities were
added to the list
Ofncers of the exchange were great
~ encouraged by the interest shown
In the unlisted list and believe that
as people become acquainted with the
TACT that this market is available a
made
The stock of the Merchants Bank
and Trust Company has not been
placed on the unlisted list. as applica-
tlon Tor placing it on the regular list
Is expected to be made shortly.
Local Securities.
Lanston Monotype shares and
columbia National Bank stocks were
the features on todays session of
the local exchange.
In all. 10, shares of Columbia
National were sold at 225. while 125
shares of Lanston were purchased In
10 and 20 share lots. all at 7sA.
with this price bid at the close for
more.
Mergenthaler was weak. selling Off
to l74A Washington Gas. 561s.
For the first time in days there
was nothing on the sales record to
indicate any interest in Capital Trac-
ton or Railway shares. They were
entirely nominal
Railway 4s eased off a fraction to
1914 to 1917. while Potomac Gen.
erai 6s were firm at 100
Rolls-Royce Of America
100000 I per cent bonds of the
Rolls-Noyce Company of America.
The bonds run fifteen years, and the
assets of the corporation are sew
eral times greater than the amount
OF the issue. The company manu-
features Rolls-Royce cars under the
original patents.
Federal-American National.
1t was a gala day at the Offices of
the merged institutions that have for
month been preparing for the con-
solidation.
The banking room of the former
American National Bank, thoroughly
renovated. with the heavy iron bars
that shut out the light from the win
dows removed, with interior all re-
painted and all dolied up. was a per-
feet bower of autumnal color this
morning and will remain SO all day.
With the NUNS. brown-tinted
leaves and other OBSERVATION-DISCLOSURES
other dollhouse blooms and plants
that gave the banking room a beau
tiful appearance.
The officers to a man were In the
foyer greeting visitors and custom
ers. a goodly crowd all of the time.
board. Joined Mr.. Poole in meeting
and greeting everybody, while the
tcllers and clerks back of the cages
were the only ones who seemed to be
paying any attention to business.
Exchange Of Stock.
Exchange of stock of the consolidated
bank will be made as rapidly as pos
sble. share for share for American Ma
tional and six shares for five of the old
Federal National.
The capital of the merged bank is
81. 100000, of the old American National.
$4,000 and Of the Federal. 100000.
SO that in the merge the former Federal
shareholders receive six shares for five.
On the stock exchange the old shares
of both the American and Federal Ma
tional were taken from the list and the
new stock Of the Federal-American list
ed today for the first time.
There were no sales of the stock, but
the bid price was $1s5.
Name Omcers-Plan Building.
The Federal American directors yes
terday added the names of W. NJ. Seay
and Miss II. H. Schackelford to the
roster of assistant cashiers
At the same time Messrs. Eynon.
Galliher. Poole, Barr. Berry. Shea and
Weldon were named as building COM
mittee to make report within thirty
days for a suitable structure to occupy
the site of the Federal National and its
adjoining property.