The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1922-02-24
FINANCE ACENCY'S
REPORT INDICATES
BOOM IN JANUARY
International Has Total
Outstanding Business
"a OF $1,326,717.06.
OTHER LOCAL NOTES
Riemer and Company Locates
Anew-District Securi-
ties Rule Strong.
OTHER LOCAL NOTES


last, nourished under the better
feeliHs. which Is enveloping the
country at large. Is evidenced by
the months statement of the Inter-
national Finance Cooperation. just
issued.
This corporation. whose business
extends to practically every Sec
tion-of the country. reports a total
outstanding amount OF si.32s.7II.uo.
which Is the largest volume for any
single month since inception.
Eha gross volpne of business
taken on during this peri.G
amounted to s5ss.sis. which is next
70 largest month the corporation
has enjoyed. Liquidation Of presi-
o~is accounts purchased amounted
to s4ss.ooo. This leaves q net gain
of approximately $4,000 in volume
OF outstanding business.
The corporation also shows a gain
In collateral trust notes outstand-
Ing. this account as of December 81
being s2s5.000 and s3s1.500 as of
the close of business, January il.
Riener and Company Moves.
Riemer and Company. security
brokers, formerly located in Dis
trtct National Bank BUILDING. yes
tsrdzyo took up new quarters in the
American National Bank Building,
suite 7o5.
The business Of the company. Mr..
Rlemer explained. has enjoyed such
rapid growth within the past few
~
spacious and elaborate quarters was
rendered imperative.
Local Securities.
Trading on the Washington Stock
Exchange ruled decidedly strong
and active yesterday. After the
holiday OF Wednesday, traders ex-
perienced but little dificuIty in All.
ing orders, and in the business that
ensued three new high records for
the year were created in contrast
with one new low.
Potomac Electric FIRST fives, which
have been more or less inactive dur
Ing 1879. sold to the extent OF 81
900 at ~, which records a gain OF
~ points over previous quotations.
Aergeuthaler Linotype. which start
ed its ascent at 12s, yesterday sold
at 1t5 or a gain OF zh points over
previous quotations. and Potomac
Electric general mortgage and re-
funding 70 sold at 1861. as compared
with io5, the highest figure hereto
fore reached this year.
Washington Gas Light stock, aft
er lowering between 4sK and 50
all year. yesterday, declined to ASK
and 4sS on sales aggregatinE S.
shares. Other trading was well
variegatsd. taking in practically
every public utility listed.
Call money was offered at 9 per
cent, with per cent bid.
Reserve Ratios Gain.
The upward squirt in the reserve
ratios for the various Federal Re-
serve districts has been most pro-
nounced since the hrst Of the year
This development will have an i'm
portant bearing upon lower rates,
local bankers believe. However, It
Is Of greater Importance because
of the fact that outstanding i'm
provement has taken place In those
districts where credit has been
''frosen" during the past year or so.
This II particularly true in such dis
tricts As Atlanta, ST. Louis, Minne-
apoIis. Kansas City and Dallas. In
the case Of Atlanta. the ratio has
risen 7z.4 points. while ST. Louis
Is up nearly sixteen points, with
Minneapolis, Kansas City and Dallas
eleven or more points higher.
Following II q table showing the
reserve ratio in each Federal Re
serve district As of February is.
Nenpared with December 2s. 1921,
together with changes: