Evening star., 1922-10-04
BONDS ARE ACTIVE
ON LOCAL MARKET.
Potomac Is and Railway 4s
Leaders-Name Commit
tees-victor Company.
BY I. A. FLEMING.

This was bond day on the local
stock exchange. with two issues. the
per cents of the Potomac Electric
Power ompany and the general IS
of the Washington Railway Company.
in good demand.
OF the former $12.5OO face value
changed hands at 1071a. the one and
only price Railway 6s sold to the eX-
tent of $4,000 at 997s.
Washington Gas 5s were in fair re-
quest at 95a and Potomac consolidat-
ed 5s brought So.
A sale of ten shares of American
National Bank was reported at sis5
a share. bringing it on a parity with
the stock of the Federal National, or
rather with the bid price, which is
also 1856 a share.
The asking price of District Ma
tional Bank was raised to $500 a
share, with $175 bid.
A small lot of Railway preferred
ten shares, changed hands at '71s.
Personal Mention.
George w. White. president of the
Metropolitan National Bank. left to-
day for New York, where he will at
tend the'American Bankers AssOcia-
ton convention until Saturday, when
he will sail for Europe.
Ways and Means Committees.
NJ. +. Allies, president of the Riggs
National Bank. has named the follow
ing ways and means committees to
assist in widening the scope Of the
activities of the outside Offices. the
various committees to work toward
getting new business and co-ordina tie
with the new business department of
the main Office, meetings to be held
once a month, at which reports will
be submitted.
Committee for 14th street and Park
read ofice-Joshua Evans. chairman :;
Charles II. Tompkins, Charles 7. Cla-
gett. Arthur Carr and Herbert L..
Davis.
Committee for Dupont circle office
Robert v. Fleming. chairman; Charles
e. Glover. jr.: Louis r.. Jeffries and
Dwight Clark.
Committee for eth and street office
Avon NJ. Nevius. chairman: William
II. Donovan, John d. Rhodes and
Chester II. Warrington.
Committee for 18th street and Co
lumbia road office-George .. Vass,
chairman: John Oliver La Gorce. Ber-
trand II. Roberts and Pere A. Wilmer.
Mr.. Hoskinson, assistant cashier Of
the bank. has been named as liaison
officer between the outside offices and
the main Office and designated as
secretary for each subcommittee SO
that he will be in touch with the
deliberations of said committees.
Directors Elected.
Gen. Richard ]. Marshall. jr, re-
tired. was today elected a director of
the Merchants Bank and Trust Com
pany. Gen. Mitchell is one of the best
known officers in the city.
Buying Rubles.
Washington is buying Russian So
Wet rubles by the million dollars
worth today.
The movement is not stimulated by
speculation. although there is a pos
sihility that a rub:e may be treated
respectfully one day in the long and
distant future.
A two-inch notice TO the effect that
million dollars worth of rubles
could be purchased for 40 cents de-
veloped an unexpected rush of orders
Employees Of the Riggs National were
Offering to bet several million rubles
on the Yankees today without takers.
while several So bills were received
to exchange for rubles.
Despite the increased demand. rubles
we're weak. dropping to 40 cents for
the million dollars.
Business Not 30 Bad.
special meeting of the Victor
Talking Machine Company has been
called of the 23d instant to vote on
No. ihS lioHl
s5,5O0,0O0 TO s35. 800. 900. of which
100000 shall be preferred and S35.-
100000 common. Interests close TO the
Victor management expect a 500 per
cent stock dividend
At the close of last year the surplus
was S31.351,034 and the stock out
standing s5,00o,90o. of which $1,000
was preferred.
1t may interest Washinztonians to
know that the outside market for
Victor shares is $1,1O0 bid.
Financing RumOrs.
There was a rumor on the street to
the effect that it was possible that the
Treasury might soon put out an issue
of bonds bearing the circulation priv
ilege.