Evening star., 1922-12-08
CAPITAL TRACTION
SHARES ARE FIRM
Advance to 104 1-2--Rail-
way Stock NominaI-Kneesi
Goes to Chicago.
BY !, A. FLEMING.

Capital Traction shares plainly fea-
tured the session of the local stock
= market. and the display OF strehs'"
when it advanced to 1oii2 was eh-
couraEing to holders.
Railway common was held stead'E
a, s4i:, hut the bid price was 10"
cred to 62,.. This stock has come
back many points. and just at present
any movement in il seems to be walt
ing, dependins on the ability OF the
company to make a distributor on
the common stock and for the iohs
looked-for decision in the S3.ooo'"''
impounded funds matter
The Public Utility COMMISSION
seems fixed in it's views that tnere
can be no different fare on one hht
than on the other
Railway preferred was ''sA oio anu
- asked,
Quite a number of odd lots of bank
stock sold At go for Farmers and
Mechanics National. IS. for Metro
politan Il: for District. M TO -e-'s
for American Security and Trust ana
217 to 80 for Security Savings anu
Commercial shares.
Gas shares. a41-aoiss.
capital Traction rs brought 9hl:.
slight recession. and Gas Us 80 a.
Tempted by Chicago.
Walter W. Enecssi. who has been
connected with the investment bank1ns
firm of Crane. Paris 4 CO. since last
June has been tempted by the North
ern Trust Company of thicaG" an"
has yielded. so that Washington. ms
own home town. VIII have 10 give
him up. He will become manager i
sales in the Northern lrus' "rsah'"a
tion.
Washington loses n good bond man.
and Chicago is the gamer.
Federal Reserve Banks.
The combined statement of the FED.
er.tl Reserve Banks show q iaN'iis o,.
in the rati" of reserV" t" ia hiii'H iru'.,
.St per cent Of November 80 I" 10
per cent December H. Rediscountins
has been going on more frefiE aeou'
$50. 900. 900 additional discounts oeiIs
cared for during the week. BiliS p"uSiit
In the open market increased some
what. There was moderate reduc-
ton in combined gold holdings.
Money Is Firmer.
There is a little f,urr! in money.
locally nothing of d permanent charat-
ter bu, stiffenng in rates preparatory
to the accumulation of funds for inter
est and dividend payments Januaf! !
Splendid Investment.
For :. short-term investmtnt -:
years. the new g.. per cent Treasury
OOn has been offered. hold attractive
features to the conservative investor
They are. of course FIRE" of the DIS
trict intangible tax of one-haif OF one
per cent. which makes them equal the
very safest > per cent bond at 100,
while their solidity and the certainty
of redemption is beyond anything III
the corporate bond line.
Then they are exempt from the nor
NAL income tax. which gives them
still higher rating as to yield ana makes
them still more valuable.
Bankers hold them in high regard,
4. !. II. Activities.
The first open meeting of Wash
ington cha pter. American institute OF
Banking will be held Tuesday even
ing. December II. at o'clock. Hon
A. r. Nelson of Wisconsin. member of
House banking and currency commit
toe. Will address th" meeting The
first part of the evening Will be con-
fined to business, TO he followed by an
entertainment and dance. Past and
present members of the chapter are
cordially invited
Honor Mrs. SIOat.
The ladies' of the National Metro
ner at the Hotel Washington in honor
of Mrs. Laila NJ. Sloat. who was re-
Gently elected secretary OF the ele-
mentary class of the Washington
chapter. American institute OF Balm
ing. There We're fifteen present and
the work and aims of the chapter
were discussed with the intent of
furthering interest in the work
throughout the coming year-both OF
the chapter and of the National Metro
politan Bank.
So, :al intercuurS@ wa generously
combined with business and The occa-
sion was a most Successful one.
GnII Past DH".
II is generally believed that thrr"
Will be Il c,li fr":n tH" office Of the
controller of the currency. as usual.
about December 81.
Last year the final call WAS for
the date named.
Deposits in the local banks are
being well maintained notwithstand-
ing the partial payment of taxes dur
ing the month of November, making
the settlement Of eighteen months.
personal. intangible and real estate
taxes during one year.
Deposits will probably show some
falling off toward the end of the year.
hut Just as quick as the banks open
for the new wear money will be flow
ing over the counters again as the
enormous distribution on account of
interest and dividentS find their way
back into banks.
The 18th instan; marks the date of
payment for 'l.. final insialmen; of the
income taxes for 1921
Probably few individuals have taken
advantage OF the quarterly payment
plan. while many corporations set aside
from their monthly profits one twelfth
of the taxes I" he paid. and are thus
prepared to care for the obligation
promptly on bloc.
Banks that have been conducting
Christmas savings clubs will show
loss of over s., 200 in deposits.