The Washington herald., 1922-06-07
FINANC CiAL
ADDISON REPORTS
COMMITTEES DUTY
IS NEAR COMPLETE
Nearly 300 Reservations
RE C e v e d to d ate.
Other Local Finance.

Preparations for the transporta-
tion Of the 800 odd members Of the
District Of Columbia Bankers As
ISOLATION, who have already sent in
their reservations. 10 Hot Springs,
Va. where the fourth annual con-
vention will be held beginning next
Saturday morning. are about COM
plete. Authority for this statement
Is credited to Francis G. Addison,
jr., chairman of the hotel and
transportation committee, who
freely admits. without dispute. he
has the hardest Job in connection
with the whole mater.
However. Mr.. Addison warns that
those having trunks must notify
George II. Shisler. of the Security
Savings and Commercial Bank, not
later than June 8, which trunks
must be ready for transfer to Union
Station not later than noon. June 9.
II these instructions are carried out.
a truck furnished free Of charge
will call for said baggage and
transportation arranged for, free of
both charge and worry to the
owner. A special committee will
take chage Of all property other
than hand baggage (Which will be
carried by the owners) and arrange
for delivery to the guests rooms
at Hot Springs.
Richmond Bank Operations.
Between April II. 1922. and May
10. 1922. cash reserves held by the
Federal Reserve Bank of Richmond
rose from sse.1s7.2s3 to ss5.72S.O71.
Between the same two dates, total
member bank reserve deposits rose
from 53.e4s.262 to s54.261.565. To-
tai bills on hand fell from s65.S
as TO s55ssO.2O5. and Federal re-
serve notes in actaul circulation
declined from s921Ss.450 to ssS.-
i22.l55. The ratio OF total reserves
to deposit and Federal Reserve note
liabilities combined was so13 per
cent on April IL. 1922. but rose to
$40 per cent on NAV 10. 1922 On
May IL. 1921. this ratio was 41.67
per cent.
Personals.
John Poole and Charles B. Lyd-
dane. respective president and
cashier Of the Federal National
Bank. VIII represent that itstitu-
tion at the annual convention Of
the District Bankers Association.
Assistant Cashier Charles D.
Boyer. who will be absent from
the local convention. will represent
the Clarendon Trust Company at
the Virginia Bankers Association
to be held at Hot Springs begin
ming June Is. Mr. Bower. who is
a director of the Institution. re-
ports that deposits Of this institu-
tion. which has been functioning
but slightly more than five months.
total s107.2ss on May last. which
Il a remarkable showing for a new
bank in a sparse district.
n. & q. Awards Contracts.
Announcement was made at the
rAnsral ofHces Of the baltimore and
Ohio Railroad Company at Ralti-
more. that contracts for the buld-
ing Of 1000 steel freight cars OF
the homer and gondoIa types. and
1000 box cars have or will be
shortly closed. involving an ex-
penditure in excess of $4,000 00J
These cars are partly in replace
nent Of equipment retired and
rartlv for additional equipment
which. with the passenger equip
ment recently contracted for. will
he covered by an equipment trust.
The contracts so far awarded are
as follows:
To the Pressed Steel Car Com
panv. 1000 steel hopper cars and
/ 600 steel Rondola cars. to he built
at their plants in the Pittsburgh
district.
psnv. 1.onn steel hopper coke cars
tn he built at the Curtis Bay plant,
Baltimore
To Cambria Steel Company. 1000
7n-ton steel 4s-foot drop-end gon-
dnlas to be built at Johnstown, Pa.