Evening star., 1923-12-04
LOCAL BANK STOCK
JUMPS a POINTS
National Savings and Trust
Shares Lead Market.
Financial Notes.

a Sharp advance totaliug IL
points. to a new high record on n,
part Of stock of the National Savings
and Trust Company featured today.s
session Of the Washington Stock Ex-
change. This issue. which has bee.
! inactive the greater part ~ the ycaE.
made Itself conspicuous ny the initial
sale Of twelve shares at 800, follow
| cd IN repid succession by other trans
actions asgregating nifty shares, ~
companied by a corresponding ris. l.,
price to 355. 4 review OF Eatiouat
Savings and Trust Company stoc}-
activities for the year shows I'll" high
level, before today, 10 be $J1
Washington Railway and EIcctri
preferred stock was also prominent
but without change in prtc~. \ total
exchanged at liz. saw. for the frs
five shares. which sold at 7lr. Dis
triCt National Bank sold at I65, Riggs
at 2S3 and Laustou Mon"type at u.
The bond side 81 the market aieo
was active. with trad" restricted To
the popular issues. Washington Ga
5s Were unchanged at 931t and e3I2
with the IS frnctiouaily above par.
Potomac Electric Consolidated -
brought s7ie and Capital Traction -
sold at o..
bonds Offered Locally.
An Offering Of s250.000 Pike coun-
y. Ky, road and bridge per ceHt
bonds. maturing serially July l. 1sch
to 1853, az price 70 yield AS per
cent, was today made locally.
The issue Is free from federal iE-
come tax. are tax exempt IL Ken
tucky and are eligible as secur'ti
for postal savings deposits.
Initial Dividend Voted
The initial quarterly dividend 81
the Mortgage Investment Company g.
ashington, at the rate OF PEI
cent per annum, is now being dip.
about four months ago. with A: :.
Gardiner. president Of the Standar!
National Bank, president; Harry Car
roll and William Neuland, vice pro-
urer.
The organization is capitalized :.
s250,006, and deals exclusively in 1'oai
estate notes.
Enlarged Quarters Opened.
The enlarged quarters Of the FED
eral- American National Bank, hous-
! ing the note tellers. collection teller.
, bookkeepers and SAFE deposit depart
ments, are now open TO the public.
This additional space was mad
! imperative by the Increased business
Of the institution since anal gama
tioD was effected a little moi- tha'
! a year ago.
Iload Asks bond Issue.
The baltimore and OH" raiirCal
! company has asked the Interstat'
Commerc" Commission for permission
TO issue s.,00o,"u Of per cent equip
| ment trust certificates. 1t proposes
| to sell them to Kuhn, Loeb & Com
| pany, ana Speyer * Company for
"a 5h at 80 and use the proceeds In
! the purchase OF ssventy-;ive lccom"-
/ tives. 500 hopper cars, 800 box cars
/ and 1,u0u gondOlas.
Chapter Realizes Over 500.
! More than $500 was realized by ti1
| Washington Chapter. American Iusti-
| tute Of Banking, which guaranteed
! the house at III, initial appearance Of
| William Fty"rsha1u, at the B-lascn
/ Theatrr last night.
! Th. proceeds of I'll. might wtit 20
! toward entertaining locally ths dele
! gates to the next annual convention
ii the national body, t. bc hold IL
| Baltimore next Year.
| Convention Dates Set.
! The dates for III" 1924 convention Of
the American Bankers Association, t.
/ be held In Chicago. will he September
20. sc. October and .. it is announced
! by +. \. shepherd executive manager
! Of the association.
! Th" convention adquarters viii
| be the Congress Hotel. and the gen
! eral sessions will i.e held at the Audi
tor!um Th"ater, across the street from
| the headquarters hotel. Tn meet
! lnGs rt the various divisions and sec
ri"ns will be held III the Congress
! Hotel The first day ~ the meeting,
Monday, VIII be devoted I" confer
| ences OF the various committees of
| the association.
Treasury Debt Figures.
| The gross public debt on November
| 80 less the net balance in the genera
| balance, was S@l.s99.6S7,373. against
! 81 s5s 165s9S at the end OF the previ
! Gus month.