Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-10-17
CORPl|RA1IE|.I'BlON
IN GOOD REQUEST
Prices Strong-Gas Higher.
Large cIearings-An.
nuaI Dinner.

BY i. A. FLEMING.
Corporation bonds furnished the
greater part of the interest and BUSH
ness on today's session Of the local
stock exchange. Prices were general
ly Arm. sales being made ate10ok for
Potomac Electric general S.; % for
the consolidated IS of the same com.
pany; ssA for Chesapeake and Poto-
mae Telephone IS and SIN for Wash
ington. Baltimore and Annapolis IS.
an unusual sale on this market.
In the stock list Washington Gas
featured with q steady advance from
an opening at 57% to q close at So,
$50 shares changing hands
Lanston was weak under very light
to seli 4sS. pressure declining from ~
A light business was transacted In
Railway common. at b5&. "
Heavy Clearings Today. "
Clearings of. local banks today were
about 100000 greater than the aver
age for some time, probably repre-
senting. to large extent; small SUB.
bond issue. Large subscriptions ana
the great majority Of orders sent In
by the banking Institutions OF the city
will remain on deposit to the credit
may be called by Secretary Mellon,
On these deferred payments the
Treasury is collecting per cent In
terest.
The record elearings Of T.. the banks
made June 1, when the checks paid
in to the District tax collector Tor
real, personal and intangible taxes
on the last day of May were cleared.
Tax payments called for the with
drawal Of practically 100000 from
the banks, but the June l clearings
covered only the final days payment.
the last that could be made without
penalty.
international Bank Dinner.
The International Bank gave Its
annual dinner last evening AZ tne
Racquet Club to the officers. directors.
employees and guests of the bank. q
goodly company Of over 100 promf-
nent business men.
The guests Of honor on the oc-
CASTOR were DR.. ]. r. Guthrie. presi-
dent of the Federal Bank and De-
post Company Of Dubuque, and DR.:
II. G.. Langworthy. vice president OF
the same institution. Both are direc-
tors of the International Bank, an
Institution that does banking bus
mess in all its activities, except IN
receiving deposits. its business being
conducted ON its own capital
Both Dubuque bankers were given
a cordial welcome and botn mace
short, pertinent talks that were
John r. Waller. president Of the
international, was toastmaster. Keep
ing things moving right along. with
short, witty talks until ABOUT ehe
regular closing hour.
The menu cards were in the form
of q miniature bond. coupons mol
eating each course .n OF .. the am non.
tanning the names of the guests
Addresses were also delivered by
Percy Foster, H. e. Kennedy. Tommy
Brahany.. J. R. Wallis, E.P Corey;
Ernest E. Herreii' E.. A. stuart ana
There was considerable shop talk
and some good local hits. and the
evening was successful and frauGnt
with promise Of better things for the
International.
Washington. Chapter Activities.
This evening at the chapter rooms
In the New Masonic Temple George
National Bank. win address the
chapter on "Bank Organisation ana
Aa On rassday evening Prof: Denahue
Of the Catholic University viii leo
ture. on Money and Banking" using
the subhead "Money-Its Functions.
On thursday evening "commerds1
and Banking Law" will Be the topic
Of an address by r. B. Dickey. q
prominent member of the District
So 1t will go throughout the sea-
son until April II, in elementary
banking, April Is in the Wednesday
evening class and April - for tho
Thursday evening class. when the
term closes
The New Bonds.
The bid on the new bonds, 100 LIE.
compares with 100h the day on which
the announcement was made OF the
issue.
That SO few victory notes and Treas
ury certificates were exchanged II
taken sto mean that they are held by
corporations and others desiring
short-term liquid Investments, hence
they would not care to convert them
into longtime bonds.
The large cash subscriptions prob
ably came from holders OF liberty
bonds who had disposed OF them, with
q view Of obtaining longer.term
bond paying the same rate, hence
these subscriptions are regarded to Q
certain extent as an exchange bond
for bond.
Personal MentioA.
W. W. Spaid Of W. B. Hibbs q Co.
has returned from New York from
q weeks vacation.
q. II. p. johnson, vice president OF
the National Metropolitan Bank, has
returned for the winter from his sum
mer home in Canada.