Evening star., 1923-02-15
DEMAND F0RSTEE[- |
AHEADQF SUPPLY.
Builders Concerned Over Out
Iook-Fess Chosen as Ban.
quet Speaker.

Authentic reports that demand for
steel throughout the country is far
In excess OF capacity OF the mills
will probably be received with less
grace In Washington than any other
city in the United States. as few com
munities of like size are ATTEMPTING
moro pretentious building programs
than here.
New business amounting to thou
sands of tons daily is being turned
down by the mills. according to ad-
vices, and independent companies
that are able to make deliveries over
the next one to three months are OBJ
tanning premiums for certain grades
of steel
1t viii not be a great while before
export prices may be above domestic
prices. Certain large producers can
not promise delivery for export
earlier than July.
Extensive improvement Of its up
town branch at 18th and C streets are
now being contemplated by the Wash
lnston Loan and Trust Company.
handsome modern bank building
Will be constructed on the site now occu.
pied by the bank 1t was learned yester-
oay. Plans for the same i; is under
stood. are about TO be presented TO the
:, me .arts commission for approval. and
II carried out the new structure will
harmonize architecturally with gov
ernrlent and other import4n build :
ings ~ that section of the city Some
OF the tenants in the present building
are Vacaung, and from this it is sur
iS, niiSed mat work on the new bank
VIII soon start.
Representative Fess to Speak.
Representative Simeon D. Fess of
Ohio has been selected as the prin
cipai speaker at the annual banquet
OF the Washington Chapter, Ameri-
can institute of Banking, TO be held
at at the New Willard Hotel, February
oy James c. Dulin, jr. of the Ameri-
can security and Trust Company.
chairman OF the dinner committee
While the nature of the address is
optional with the congressman, IL is
expected that he will touch I'm a gem
eral way on what is most needed by
the present-day banking generation
representative Fess. with his univer-
SHY training, Is adept in this form Of
discussion.
Mr.. Dulin says the Invitations to
the AFFAIR have been mailed and many
acceptanceS have been received He
requests, however. that all intending
10 be present should reply at an early
date in order that ue"essary arrange
mentS may be completed.
fiamblcton * Co. ana others today
are "nering new issue OF SI.10e.000
continental Sugar Company first
mortgage fifteen-year : per cent sink
ing fund gold bonds. dated February
]. 1879. They will be offered at 9S1a
and accrued interest. to yield approx
Imately 40 per cent. Th. company
has net tangible assets applicable to
these bonds of s4,306,6lf it is stated.
and shows average yearly earnings
for the last eight years of s342,Sl0.
Splendid Traffic Record.
According 10 the Wall Street Jour
nal a railroad which carries a consid-
cradle portion OF the army of com
muters within access Of New York
city has established a record far bet
ter than the Australian railroads, in
so far as safety in transportation Is
concerned.
In the last seventeen years it has
carried 416.55s.72s passengers. with
only two fatalities occurring in all
that time. A traveller frequeNting
the road during that period might
have felt stronger sense of security
had he known that there was only one
chance out OF 23s.a7s,s64 of his being
killed.
Elected Vice President.
B. \. Bowles who for the past fit-
teen years has been cashief OF the
Potomac Savings Bank. was yester-
day elected vice president. the con-
tinued growth of this bank having
created the need for an active man
in this Office. AS vice president and
cashier. Mr.. Rowles will continue in
the active management of the affairs
of the institution. while w. +. Free
man, assistant cashier, will assume
supervision of many of the details
formerly handled by Mr.. Bowles. The
management of the new business de-
partment has been assigned to c. w.
Shoemaker, assistant cashier.