Evening star., 1922-12-09
BONDSLEADERSIN
LOCAL SECURITIES
Capital Traction Shows
Streigth-Farmers and Me-
chanics' Opening.
BY 1. A. FLEMING.

The usual Saturday dullnesS pre-
vailed on the local exchange today
with but light trading in compare
lively few securities and without real
evidence of strength save in the
shares Of Capital Traction Company.
The latter sold at 1o4s4 to 1o4's.
with none offered under 1oo at the
close.
Bond issues figured i'll the days
record more or less consplcuousiy
with sales at 81 for Capital Traction
SIS. 73Z for Railway As. soA TOR
Washington Gas 5s. and 100 for foto-
mac Electric General Is.
The only stock sale other than In
Capital Traction shares was sale OF
American Security and Trust Com
pany stock at 2S2 p
Adds to Directory.
The directors of the National Mort
sage and Investment Corporation at
their December meeting compieteo
an enlargement of the board from
fifteen to twenty-five directors. ana
declared the third semi-annual divi-
dend at the rate of per cent per
annum on the preferred stock of the
corporation.
The dividend is payable January
20. 1928, TO stockholders OF recoro
on and including December 81. 49,
The enlargement of the board adds
TO the directorate the names of men
OF prominence in business and finan-
cial affairs of Baltimore and Rich
nond.
The new directors are:
Frank J. Caughy, W. 0. Peirson and
Howard T. Williams of Baltimore
and oliver j. Sands. Bruce Bowe and
L. II. Harwood of Richmond. Va.
New Bank Dedicated.
The Farmers and Mechanics Ma
'ional Bank held its formal Opening"
In its new building on the northeast
corner of Wisconsin avenue and n
street yesterday, all day.
After spending more than q century
at the old location. one block east
OF it's new home. il was but natural
hat moving day should be made much
of.
satisfaction to the men who planned and
made the wonderful new bank build
ing a possibility. to exhibit to a sur
prised and satisfied clienteel: TO the
good people of Georgetown. who were
duly impressed. and to the bankers
OF Washington, who called in large
numbers. for not in all Washington is
there a bank building like it.
Spaciousness is a once evidenced on
entering the foyer. one Of the largest
in the city. Tellers cages. numerous
and large. offices for the cashier and
assistants. in direct contact with the
foyer also the Office of the president
and the ladies' waiting and rest
rooms. with large accommodations for
the working force. while the consul
Haines. the president, all beautifully
finished. give no suggestion Of being
pressed for room.
The great vault. with its lobby
thirty-two feet long and eight feet
vide, entirely separate from the
banking department, but still on the
main floor. with coupon rooms readily
available. ample safety deposit boxes
for years to come. and wonderfully
protected by latest devices against
ramperins from within or without.
attracted much attention.
Moreover. the devices are such
that il even checks up the officer
whose duty il is to close and lock
lie vault doors. and will recall
him quickly should he by chance
neglect it.
\ great alarm bell on the outside
Of the building will maintain a per-
sistent changing in the event of tam
pering with the vault or In response
10 the touch of the foot OF any Of
fetal or employe.
tho entire banking room. There are
numerous consultation rooms and
magnificent room for the directors
over the vault. thirtytwo feet long,
with wonderful big mahogany
table
Then. too there is space that may
he needed as the years pass on and
the old bank in its new home passes
on down the years of its second CEN
rury.
And all day and far into the night
he officers and directors were at
home, receiving congratulations from
customers. friends and well wishers
mid a bower of NUNS and other gor-
,eous flowers. in every direction,
while the crowd resembled nothing
moro than an all-day jam, happy.
good d-natured-Georgeto at it's best.
There has not been such a gather
ing of bankers. their families and
friends. such as greeted Harry V.
Haynes and his associates since the
convention last June at Hot Springs.