Evening star., 1923-04-12
RAILWAY COMMON
ENTIRELY NOMINAL
Held at 81 IL, With sc Bid.
Look for Developments.
Aggregate Deposits Table.
BY I. A. FLEMING.

The pulse of the local STOCK G1-
change was slightly below normal this
morning, but still the undertone was
one of firmness. although conservative
traders, with small use for the violent
fluctuations of yesterday and Tuesday,
prefer to wait the return Of the normal
before executing trades.
Railway common, the skyrocketing
stock. was entirely nominal-no pres
sure to sell, with holders asking 81 "A,
while buyers held Off with &c the best
bid.
There are likely to be develop
ments of Importance in the next ten
days or less in connection with rail-
way common. The feeling in flnan-
cial circles is that a compromise Is
possible, even desirable. to be reached
through an agreement as to the 70
tomac Electric Power Company
physical valuation.
The utility commission is ad-
nittedly without funds to make the
needed valuation. Washington Gas
sold at SO. Lanston at n.
Bonds moved slowly and II any
thing little easier; GeorgetoWn
Gas So. 81; Washington Gas 5s, 95A.
Not BOrrowers at Reserve Bank.
The Chatham G. Phoenix National
Bank, Chase National, Public Ma
tional American Exchange, Guaranty
Trust and the Farmers Loan banks
at the Federal Reserve Bank of New
York Many other institutions may
be only small borrowers or entirely
free of such Indebtedness, but the big
banks named have at times been
heavy borrowers.
The National City Bank is a debtor
$14 1000, 900; Bank of Commerce, $50, 600,
900; First National, $4,000, 600; Bank
ers' Trust, s10.000,000; National Park
S6,000,000. and Hartman National
S3,510,000.
Borrowings are only about so per
cent of those of one year ago.
There are several banks in Wash
ington, members of the reserve sys-
tenn. who are not borrowers at Rich
mond, and have not been since the
close of the liberty bond and note
campaign. when practically every in
stitution engaged in the selling cam
Iiaign was forced to borrow to carry
their customers.
Boyd Taylor Honored.
Boyd Taylor, for many years as
sistant treasurer of the Washington
Loan and Trust Company, has been
honored in his election as vice presi-
dent and secretary of the same
casioned by the death Of the late
Thomas Bradley, vice president and
trust officer.
123d Dividend Declared.
Directors of ne Washington Loan
and Trust Company yesterday de-
clared the 123rd regular quarterly
dividend of 212 per cent, payable
May l, books closing between April
23 and May l.
Chapter Dates
Dates for examination of classes OF
Washington Chapter A. 1. B., have
been agreed upon as follows: Element.
AIRY class, April II; commercial law
April 10; standard banking, April
-; negotiable instruments. April q
and standard economics, May 3.
Mr.. Boiling Mt Desk.
Rolfe Z. Boiling, first vice presi.
dent of the Merchants Bank and
Trust Company was at his desk this
morning, for the first time, and will
hereafter be found on duty during
banking hours.
Mr.. Boiling, who is no stranger ir
Washington, has found It rather diff.
cult to close UP matters in New York
in his connection with the Chatham
and Phoenix National, of which he
was vice president.
He was the recipient Of many con-
gratulations this morning froH
friends who have been anxiously
awaiting his return to the National
Capital.