Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-08-09
S15,S1,8OO TOTAL
ADDED TO TREASURY
Banks Paying in Receipts
From a. ga Certificates.
Local Financial Review.

Banks throughout the country are
today paying into the Treasury s15.-
961.S00, this amount being 25 per
cent of the remaining proceeds of
the May 10 f1otation of Treasury AZ
per cent certificates. With the days
payment there will remain on de-
posit with banking institutions but
12R per cent, or S47 $50. 600, of the
original Offering of s66E.722. 500. ap
portioned $3S2.052.900 in cash sub
scriptions and s2S6 669, 900 in OK
changes
That Treasury finances are In par
ticularly good shape is evidenced by
the fact that to date the June 15
which S38.344.000 were exchanges, re-
mains untouched on deposit in the
banks OF the country.
Riggs Features Session.
Rights of the Riggs National Bank
advanced tn 100. and were traded in
to the extent of thirty-five shares AT
that figure this morning. thus fea-
turing the session. These transac-
tions We're the first actual sales made
in the rights. they previously being
| bid at So. The stock of the insti-
tuition enjoyed a corresponding rise
to 535 bid" as against $40, the pre-
vious quotation.
Utilities were firm Capital Traction
sold at 100i2 and 1908 and Pepco
debenture 6s brought 1904. Depart
ment Bank sold on the unlisted sec
ton at and Washington Gas SIS
brought 100I2.
The exchange Will be closed to-
morrow.
Postponed Indefinitely.
Member banks of the fifth federal
reserve district. which includes the
District of Columbia. were today ad-
~tCH bzT 4
Richmond that amended regulations
governing the par clearance system
of federal reserve banks. originally
effective on August Is, had been post
poned indefinitely.
The changes contemplated were:
No federal reserve bank shall re-
ceive on deposit or for collection any
| check drawn on any non-membar
bank which refuses TO remit az par
in acceptable funds.
whenever a federal reserve bank
receives on deposit or for collection
check drawn by. Endorsed by o-
| emanating from any non-member
bank which refused to remit at par
in acceptable funds it shall make
charge for the service of collecting
such check of one-tenth of l per cent
the minimum charge to be 10 cents
for each item"
Award to Baltimore Bankers.
A group of Baltimore bankers
headed by Baker, Watts & Co.. and
Townsend, Scott & Co., has been
awarded the $500, 900 issue of Washing
ton Suburban Sanitary District Of Mary-
land AZ per cent bonds, 1t was learned
this morning.
The purchasing syndicate, II IS
understood, is offering the obligation
at 9S and interest TO yield $50 per
cent. The issue is for the purpose OF
providing sewerage facilities in
Prince Georges county.
Wreath for Harding Bier.
Prominent among the wreaths a:
the bier of the late Warren G. Hard
ing yesterday were seen two huge
i floral tributes. one by the District
Bankers Association and the other
by its parent organization, the
American Bankers Association
Thomas P. Kane. until lately the
popular national bank examiner for
this district, yesterday assumed his
new duties rs vice president of the
District National Bank
John JOY Edison, chairman of the
board Of directors Of the WASHINGTON
Loan and Trust Company. and Frank
z. Reside, secretary of the Equitable
building Association, have sailed for
Europe of the Red Star liner Belgen-
land, where thew will spend six weeks
In recreational pursuits.