Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-05-19
CAPITAL TRACTION
BONDS OFF TO@58
General Local List Is Soft
and DuII-Chairman N. B.
Scott Home-Notes.
BY i. A. FLEMING,

The week closed on one Of the
dullest weeks in the local security
trade, without any relief from con-
ditions that have been prevalent for
the last few weeks. There is appar-
emily no inquiry for securities nor
does there seem to be any chance for
an Improvement. and yet during the
slumpy tendency of the last two or
three weeks, there has been very
little actual stock sold
Despite this there has been a grad
ual decline in prices until everything
on the list is decidedly lower with
the exception OF favored bank shares
and Lanston Monotype shares. ap'
parently steady and pegged for the
present at So
Gas 7l2s, which will be shortly re
deemed at l03, are selling at thu.
price.
Traction IS made a new low drop 10
92e as compared with 95 the low
price of the year and last sale. There
Is no question as to the solidity of tn
bonds, which are weak Just because
there is no demand at the present
time.
Railway preferred sold at 72n ex-
dividend; Gas. so; Merchants Bank
100, and Railway As at 70&
Lusty 1Oun&ster.
Entering its twenty-frst year to- .
of the strong, healthy institutions %
the city. with over 100000 deposits
and increasing at rapid rate.
1t Is an institution of which George
town has long been proud and which
has commanded the confidence OF
larg clientele.
Officers of the bank are as follows:
Henry w. Offutt. president; A. NJ.
Baer. vice president; B. A. Bowles.
vice president and cashier; W. F.
sistant cashiers; George w Offu.,.,
attorney. and E. H. Bogley. secretary.
Nathan b. Scott Home Again
Former United States Senator
Nathan B. Scott and family have re-
turned from an extended trip abroad.
which included Egypt. Palestine, Tur-
key, Italy, France and England.
The chairman of the board of direc-
tors of the Continental Trust Com
pany says that of all the countries NJ
visited the Egyptians were more
friendly toward Americans than an
other. And Mr.. Scott is close OBJ
server.
With his usual thoushtfulness of
others. the. senator returned laden
with beautiful gifts for his associates
and employees of the Continental Trust
Company. including. among other
things. stickpin direct from the
tomb of old King Tut. which Will,
henceforth adorn the manly bosom ~
Col. Wade H. Cooper. president of the
company.
Eastman Kodak.
There is lots of money in littl4
things as we'll as in great locomo-
tives. In twenty years Eastman
Kodak has earned s22s.65S,s45 and
paid dividends of S144940,172 and has
a surplus of ss4171,772 for emer-
gencies.
Reserve Ration 1873 Per Cent.
Combined Federal Reserve banks
show reserve ration of 75.3 as com
pared with 1871 week ago and 4. =;
q year ago.
There has been very little shifting
in the ratio Of reserves for man.
months. With s9ch a small part os
the resources of the federal reserve
system functioning. there certainly
can be very little imitation in bust
ness OF today-save in certain spe-
for material and increasing wages
for labor have created something OF
an artificial atmosphere.
Business, generally speaking, is on
sound basis. ,
Personal Mention.
Henry. E. Ridenaur. an old-timer in
stock boardroom circles, formerly
Will "a. I1ouseildn d Co. IS now
ISOLATED with Samuel Ungerleider &
| Co: in the New Willard Hotel.
Thomas B. McAdams of Richmond.
formerly president of the A. b 4.
was appointed Il member of the pub
lie relations commission of the 4 =.
A. at the same time that George o..
Watson of this city was named
Francis Fl. Sisson. vice president o.
the Guaranty Trust Company of New
York is the chairman of the commits
sion.