Evening star., 1922-09-21
A. s. galley GIVEN
DUE RECOGNITION
Veteran Official of Lincoln
National Named as Vice
PreSident-Cashier.
By 1. A. FLEMING.


cashier of the Lincoln National Bank.
was honored this morning by his elcc-
tion as vice president and cashier Of
the same institution in recognition
of his long and able service to the
.. bank.
Mr. Galley Joined the forces Of the
Lincoln National in 1890, starting AS
runner and he was good one.
Year by year, through the various
channels of service, he continued to
make good, SO that the recognition
that came to him today was all the
more welcome, as it was earned by
long. faithful, well directed effort.
AS treasurer of the District Bankers
Association MIR. Galley has filled the
position SO well that he is reelected
year after year, with no thought of
opposition. and he is also an able
member of the executive council
The junior bankers of Washington
are coming to the fore these days. and
the well merited advancement of A. :.
/, Galley has already brought him many
congratulations and will bring many
more.
Local Securities.
There was little more activity on
the local Stock Exchange today, but
prices. while steady, did not show any
material change.
Traction IS, at 99,2. led the activ-
ity In bonds: Potomac Consolidated 5s
were off slightly at ?6A: Potomac
General 6S firm at 100 and Gas IS also
firm at 95A4.
A few shares of capital Traction
sold a 103, a little I.anston at 50 and
Washington Gas at 50.
Manager OF New business.
T. Hunton I.eith. formerly collection
teller of the Security Savings and
Commercial Bank has been made
I'M, r.f h. htlNz Ipr
! ment which the bank has just estah-
lished. Mr.. Lcitn is secretary Of 't"
Washington Chapter of the American
Institute of Banking. and is well
known in Junior banking circles
Establishment of the new department
was made necessary. officials of tn"
bank state. because of the growth III
the business transacted. The bank
had total deposits on the date of the
--latest call by the controller of 81. 4l9,-
S87, with more than 1900 individual
depositors.
NOn-Srheduled Entertainments.
What promises to be one of tho
chief enterta inment for bankers
attending the New York city conyen-
tion of the A. B. A. not scheduled by
the managers of this feature of the
convention will be the opening games
of the world series between the Yam
KEGS and Giants. unless all signs fail
Both clubs seems very likely I"
| carry to a successful conclusion tn"
lead they have in their respectiv"
leagues, and will. in that event. NEE
October 4. ), and 6. and subsequent
fdates, clashing with the convention
program.
AS an attraction it will more thaa
equal all other features and tn" local
committee will be pestcrcd for tickets
galore.
! CIcartnEs Show Activity.
York city. reporting business arliN!-
ties asserts that jobbers and retail
ers are buying merchandise with re
newed activity, carrying purchaStS
above the high level at last month.
! which was in turn the highest level
since April 1920, before the buyers
strike and the depression that foi-
lowed.
The eastern section shows re-
markable recovery from the strike
The lingering effects of the long
strike periods are shown in slow pay
ments and high Indebtedness.
Payments show a falling off in all
sections except in the east
Shows Accuracy Of Judgement.
The par bid and 100ls asked for the
latest Treasury certificates on the
open market in New York gives
convincing evidence of the accuracy
of the Judgment of the Secretary of
the Treasury in putting out the issue.
| So far the Secretary has made no
mistake in reading his tape on the
i money market.
Municipal Financing.
Omaha has sold 100000 Al. per
cent coupon bonds, tax free, due May
IL. 1912. and they are offered to yield
4.2O per cent.
Jacksonville. Fla, has sold 500 oOo
; per cent coupons. due April. 1851.
which are being offered to yield 4.ao
per cent.
| Detroit city 4i4s. maturing June !.
1912. to June ]. 1852, are being Of
fered on AIS basis.
! Bond dealers generally expect hlgh.
er prices for bonds, municipal ana
corporate. in the near future.
1t has been suggested that Toxic
| NAV test the market for her S90,ooo.-
900 subway project. Most OF IN"
equipment will be furnished by IN"
United States.
Dividend Declared.
At the regular meeting of the board
of directors of the American National
Bank held today the usual quarterly
dividend of per cent. was declared
on the capital stock. payable OCTOBER
2. 1922, books for transfer to be closed
from September 81 to October !, lS22'
inclusive.