Evening star., 1922-01-24
LOCAL EXCHANGE
TREND IS UPWARD
Trading Active in W. R. & E.,
GasIight and Capital Trac-
tion-Bonds Fair.

Trading on the local stock exchange
took a decided trend upward today.
Washington Railway and Electric
preferred opened point off but closed
strong. 1875 shares in odd lots selling
at prices ranging from 65la to 661a.
Eleven shares of Capital Traction
brought s6E. which is slightly under
the prices obtained for the bulk of
sales last week.
Thirty-five shares OF Washington
Gas Light sold at 4s1a at call. while
fourteen additional shares were dis
posed after call at 50 and 4SA. Mer-
Eenthaler showed an upward trend.
ten shares selling at 134. ten at 130,
ten at 1856 and ten. after call. at 1877.
Trading was also fair in the bond
worth of Washington Gas Light as
sold at between S0H and soE: two
$1,000 Potomac Electric consolidated
5s brought s0L and 90is. respectively;
one of the Washington Railway and
Electric As changed hands at Ss+:
while one Capital Traction $500 5s sold
at 95ss.
Par Check Collections.
Chairman McFadden of the House
banking and currency committee mas
introduced in the House bill per-
Uniting non-member banks to charge
exchange when renting for their
checks through the federal reserve
banks. The latter banks are required
10 impose charges against their men,
her banks for collecting check de-
posts with such non-member banks
equivalent to the charge made by the
non-member banks.
Mr.. McFadden said that this charge
- the federal reserve act would end
the fight between country banks and
federal reserve banks over par col
lections on checks.
banquet Preparations.
The full committee on arrange
ments for the forthcoming annual
banquet of the American Institute of
Banking has been called to meet to-
by w. A. Dexter, vice president Of
the organization. The entertainment
will be held at the New Willard oHtel.
February 25.
Notaries Must Report.
In accordance with an order issued
by Attorney General Daugherty, each
notary public In the District Of CO.
District government will be required
to make a report to the Attorney Cen
cral in January of each, year. show
ing the notarial business transacted
during the last three months Of the
preceding year.
number Of transactions Of each diff
ferent kind, the fee charged in each
case. and the total fees for that kind
of transactions. Each report should
show. at the head thereof the office
or business address of the notary.
Name Omitted.
Through an inadvertency on the
part of the Park Savings Bank the
name of J. Robert Sommeryille was
omitted as q director of the institu,
ton. Mr.. Sommerville was elected at
the recent shareholders meeting Of
the bank.
Ranks New Headquarters.
The International Bank. operating
in the McLachlen building. has nego-
tiated lease for space at SO7 18th
street. in the Southern building. The
new quarters of the bank are next
door to the future home of the Mer-
chants Bank and Trust Company.
Rapid Tsansit's Report.
The annual report Of the Washing
ton Rapid Transit Company, filed
with the Public Utilities Commission
yesterday, shows 4 deficit for the year
of $o.02+. The company has been in
operation. since March. 1921, and has
127 stockholders on its books Total
operating income for the year
amounted to s115,919. as against op-
Grating expenses of S11s,29S. The re-
port shows $16,401 allowed for de-
probation.