Evening star., 1922-07-05
FIRM TONE SEEN I
IN LOCAL MARKET
Bonds Active and Strong.
Stocks Also Taken Quick
N-Notes.
BY I. A. FLEMING,

After four days holiday the men,
oers OF the local stock exchange re.
assembled this morning and did busi-
ness.
There were many sales. some q
them Of small lots. but the iudica.
tions point to more active trading
during the remainder of the week.
There was some little selling o,
oonds OF which the January coupons
mad been paid. but this brought not
the slightest sign of weakness. the
demand readily absorbing the offer
ings. Bonds were favored, but stock
transactions were restricted by the
limit OF offerings in many cases
Capital Traction shares sold at 100,
Washington Gas at 5s1a. Lanston at IS
, and Mergenthaler at 14sk.
Capital Traction 5s brought 9Sis,
Gas 7k notes. 1851: Railway As, rs;
Potomac debenture 6s. 9ss.. and the
first SIS of the same company, 953
international Bank Dividend.
Directors of the International BaHN
have ordered per cent SENT
annual dividend payable August i 10
shareholders of record July l, being
the sixth dividend. including stock
dividend. to be paid by this corpora
ton since incorporation in July, 1920.
TIE International finds the new To-
cation on the ground floor of the
Southern building more favorable and
expects continued increase in earn
ings.
AS now constituted the following is
the personnel of the bank: Frank y.
Scully Of Boston, Mass; ]. A NJ.
Adair. Peter A. Drury, Earl J. Farup.
J. r. Guthrie. L. J. Hart, A. A. Leots-
cher, S. A. Nelson, F. J. McFadden.
George c. Scott, E. A. Stuart, William
L. Symons, Austin c. Waller and John
r. Waller.
To meet increased business de-
mands an addition to capital stock
Of 100000 has been planned.
Pronts Not Large.
Bankers referring to the PROPOSED
large increase in the payment of
dividends to member banks, express
the belief that the returns to the
federal reserve banks this year will
be light; that the employment OF
their assets has not been as great
by many millions. hundreds Of mil
lions, of dollars. as during the last
two or three preceding years. that
the rates are much lower and likely
to be still further cut before borrow
ing will reach any proportions. Even
then it is doubtful if the CONNER
cial demand will develop activity.
Gains Mid Losses.
The American Savings and Com
mercial Bank. one of the newer in
stitutions, reports a gain in deposits
between May 5 and June 80 OF
100000. an excellent showing in a
time of general Withdrawals
The Liberty National Bank also
shows on the plus side, with a gain
Of $54,4oo.
Proposed Brightwood Bank.
At a meeting of the stockholders
Of the proposed bank Of Brightwood,
held Friday. June 80. in the Masonic
Temple, Brightwood, D. c., the fol-
lowing were elected on the board of
directors: William P. Killeen, VIII
liam l. F. King. ]. C. Beard. c. l.
Osborn, John Wischhusen, James s.
Fraser. Earl H. Ankeny, David F.
Swab. A. W. Felka, L. J. Slavens,
George w. Langley, Calvin Bready,
G. r. Candy. A. W. stonestreet. F.
Hazel Cashell, DR.. z. l.. Bullard,
George B. Mullin, Jr.; J. Edward
Chapman. Raymond L Schreiner and
Lloyd F. Gaines.
The following officers were elected for
the ensuing year: William p. killeen.
president; George B. MuIlin, tr.. vice
president; ]. c. Beard, vice president.
Raymond l. Schneider, cashier. and
Lloyd F. Gaines, assistant cashier.
William p. Killeen Is vice president
and general manager Of the Washington
Rapid Transit Company. R L. Schrein-
er was previously with the Union Saw
ings Bank and the Continental Trust
Company Of Washington, D. c.. while
Lloyd F. Gaines has been on a sales
force OF the Munsey Trust Company,
real estate department, for the past
year