The Washington herald., 1922-10-14
FIN ANCI IAL
D.C,STOCK MART
Enjoys Most Active Ses-
sion in Years-Boyer
Named.

The Washington Stock exchanges
enjoyed the most active session In
several years yesterday. Washing
ton Railway and Electric issues
proved the dominating features. the
common stock selling to the extent
I OF 315 shares. in ten share lots ex-
cept one, at prices ranging from
64h At the opening to 55h at the
close. a net gain of a full point. On
the other hand the preferred issue
declined three-quarters of point to
IL on sales totaling 107 shares. Mer-
genthaler continued to climb. twen-
ty-six shares bringing the price up
TO 1913. while Lanston sold to the
extent of twenty-three shares at so.
In the bond list, Washington Gas
TVS sold at 106. with Railway fours
At TAX. Potomac Electric consol
mortgage skies holding firm at 1o0h.
Following are the sales:
Washington Gas 7hs, $1,000 at los.
1900 at I06, $500 at 106, $500 at 1oo,
1000 at 10s. 800 at 10s.
Wash Ry and Elec 4s, $4,000 at TAX.
Potomac Elec cons IS. $1,000 at 95&.
1900 at e5x. $1,000 at esq. $4,000 at
Capital Traction. 10 at 1o25. 10 at 1O2h.
% at 1o2h. 10 at 1921, at 102h.
Wash Ry and Elec com, 10 at Ah, 10
at 54lS, 10 at 54H. 10 at 54ls. 10 at 54h.
Hh, 10 at 54I5, 10 it 5411. 10 at 4h. 10
at 541s. 10 at 541s, 10 at SAY, 10 at 541s
10 At Slh; 10 at 4h' 10 at aH; 10 !,
/ 10 at IS. 10 at S 10 at 55is. 10 at 55K.
10 at SS, 10 At ssh
wash Ry and Elec ptd. 2 at TN. 10 at
ITh. 10 at 77h. 10 at II, 10 at II, 10 at
n. 10 at II. 10 at II. IS at II, 10 at IT,
Lsnston Mouotype. at son. 10 at 50,
10 at 50, S At 50.
AFTER CALL
Washington Gas TVS. 1000 at los.
II MerEenthaler Linotype. at l79k, NJ
17sK. 10 at 17s1S. 10 at lbs.
Potomac Elee gm es' $1,000 at 1oo1s'
N wsshinEtOn Gas. 10 at 57K. 10 at 57H,
rs at 81.
Money, can loans. and per cent.
!. Boyer Named Cashier.
Charles D. Boyer. past president
of the American Institute Of Bank
ing. and at present assistant cashier
Of the Federal National Bank. 1.
slated to become cashier OF the Fed
\ eral-American National Bank. 1t was
4 announced yesterday.
That the Federal National has
able junior officers Is evidenced BY
! this latest promotion, which con-
cludes advancement of the entire
junior body; Cashier Lyddane to g
vice presidency OF the amalgamated
institutions: Assistant Cashier Stry-
ker to teh active head OF the Co.
lumbia National, and Mr.. Boyer:
promotion
Reserve Ratio.
This weeks Federal Reserve state
ment brings further evidence Of in
creased seasonal activity. Discounts
are some s90,00o.00o greater. and
both note and deposit liabilitie:
show an increase OF approximately
s45, 900. 900. AS reserves are slightly
smaller. the ratio Of reserve had
dropped IT points to 1871 per cent
This figure still is, however, 7.2 pal
cent above the comparable figure
for a year ago.
A recovery from the effects OF Oc-
tober l government borrowing Is
kapparent in the Bank OF England
statement. Both circulation and de-
posits are substantially lower anu
the banks ratio stands at 1873 per
cent as compared with 1863 last
week. Events have proven that the
government was forced to borrow
substantially less to meet its Octo-
Der maturities and interest payment:
than had been antiC ipated. a circum'
stance which testifies to the inn
proving condition OF the British
treasury.