Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-04-19
SHOULD ARRANGE.
SPLENDID PROGRAM
Chairman Deyber Names I'm
portant C0mmittees-LocaI
Bonds Are Strong.
RY. l. A FLEMING.
BY i. A. FLEMING.

BY j. a. FLEMING.
| The 1922 convention of the District
Bankers Association should at least
| furnish program of rare merit and
decidedly satisfying, judging from the
personnel of the program committee.
which has just been appointed by
Victor Z. Deyber, general chairman
| Of the~convention.
| Howard Moran is the chairman OF
! the program committee and associat-
| ed with him are George o. Watson, c,
F.. jacobson, X. n Harper, Ii. A.
Meem, George l.. Starkey. Charles G.
| Lamborn, Corcoran Thorn, NJ D. Ro:-
! enberg, e. J. McQuade and Il. +. Saul.
! This committee is strong enough 20
produce something worth while.
! The entertainment of the bankers
and their guests is just as safe in
| the hands of able young E,en as 1t
was year ago with an extra day TINS
year to be covered.
| w. w. Spaid is the chairman, and he
will be assisted by Ezra Gould, L. +.
Herrell. j. II. Baden: w. r. Baum j.
F. Cissel and Roy L~Newhouser.
| In the allotment Of berths and
rooms F.. g. Addison, jr, as chair
man of the committee on transporta
| ton and hotel accommodation, mas
one of the hardest assignments OF
the convention. He viii be assisted
by able workers not named as yet
| Joins the Stock Exchange.
| Peter A Drury, president Of the
Merchants Bank and Trust COMPANY,
has Joined the Washington Stock EX-
change, succeeding James pDonneIi
as the baby member.
Richmond, $5,I9O.0OO.
! subscriptions through the Richmond
| bank for the recent Offering of Big
per cent six-month certificates totaled
S14.S71 500, and the allotment, So
/ 10000.
lotted, $l5O,0C0, 900. This might be
taken to indicate that Secretary Mel
| lon has hopes of being able to get
money at less than x per cent.
Local Bonds Higher.
There were some further gains in
! the local bond market, which is SHOW
ing even better strength than the
| New York market at this time. Prac-
tically the leading public utility IS
| sues figured in today's transact
! with the exception of Railway As and
Potomac Electric first 5s.'
; Capital Traction IS were strong at
s54 Railway general 6s sold at 9Sa4.
| a fraction off, while Potomac 6s were
strong at 100 and the is brought
1861.
Washington Gas IS were firm at SO.
| Stocks showed a little more activ-
!tHi 0Ap''a' -'1'''''' ~ III HI
! Railway preferred opened with sales
| of a share or two at 30, then at 69S4
and 69ts.
II.
| Ask Your Banker.
! 1t doesn't cost you anything to ask
your banker, or even two or three
bankers, regarding the glitterlnS
prospect in which you contemplate
making an investment for large
dividends.
| Too often a bank may be interested
| in the business of the corporation L"
| the extent of being a depository of
| funds. If you should happen to ask
this banker he would probably say.
Mr.. Y and the WXYZ Company
keep a satisfactory account with this
institution and our relations have
/ been agreeable" That kind of an
answer doesn't mean the Endorsement
it implies, and bankers should. when
, trusted by investors, be more careful
! in making recommendations.
| Probably you could not get the rec
ommending bank to place a dollar in
the securities named, but the corpp-
ration deposit account may be fat and
| profitable.
! Ask two bankers!
| Predict Good Showing.
! 1t is predicted that the March earn
4
| road Company will be the best for
many a month. 1t is stated that the
miscellaneous earnings will show IN"
| largest gain, rather than the coal
traffic incident TO the anticipated coai
strike.
| Coal makes up about so per cent OF
! the company's business. Eventually
| the company will have to haul the
same amount of coal as if the strike
| had not interfered with business.
Encouraging.
January and February operating in
! come of the class / railroads of the
United States, according to reports of
| the Interstate Commerce Commission,
were encouraging in that they pro-
iduced $17,304.I11, as compared with
! a deficit of S3,626.343 for the same
two months of the previous year.
! For the same months in 1920 the
! net was s42,S1e,149, also a matter Of
/! encoura cement.
/ There has been a larger amount
, devoted to upkeep and equipment this
year.
| For a Highway.
! The Potomac Savings Bank of
Georgetown, has purchased. through
action of its board of directors al A
! recent meeting, $1,000 worth of the
i7k per cent gold bonds of the Wash
! ington, Great Falls and Dranesvills
F.; Highway Company, which proposes 10
complete highway INTO ana tnrOuSn
| the Shenandoah valley
Subscriptions to the issue now
amount to about $4,000, it was an
nounced today by Herman E. Gasch.
; for the company, and there are $4,000
! worth of the bonds still on the mar
| ket
The highway company is interested
/ in developing that section of Nir-
ginia. which has been APPALLING back
ward on account of the lack of road"
Persons coming into Washington, 1t
was said, had to cross som- bridge
into Maryland, but it is expected now
there will ''soon be hard, safe pas
i sageway, good in all season, into and
through the Shenandoah valley