Evening star., 1923-08-29
LINOTYPE REACHES
NEW HIGH PRICES
Record on Present Move
Made Today-Treasury
CaIIv0ther Notes.

Mergenthaler Linotype reached
new high for the present movement
on the Washington Stock Exchange
this morning. 35 shares selling
at prices ranging from 1861 up
ward to 1917, at which price the
issue closed. Strength of this issue
easily featured the market.
Lanston Monotype, likewise. was
firm, advancing full point to 7Sl=
on sales aggregating 25 shares.
Washington Railway and Electric
preferred sold at 704, and Gas eased
on quarter point to ASA. and
Farmers and Mechanics National
Bank stock sold at 239.
On the Investment side of the list.
Gas 6S of 1858 were firm at 10iia on
sales of $4,000. while a like amount
Of SIS sold at 92A. Railway is were
strong at 724.
Another Treasury Call.
National banks of the country have
been requested to pay into their re-
gional members not later than tomor-
row all proceeds remaining with them
on deposit from the May Is last sale
of Treasury paper.
This will take from the banks of
the country approximately S19.154.3o0.
The original loan was for approx
scriptions aDd exchanges. and con-
sisted of 42I per cent notes of three
year ten-month maturity. This sum
has enabled the Treasury to meet all
financing requirements in the interim,
they still having about Sl79,000,00G
Of June Is certificates on deposit with
banks which remain untouched.
CherrydaIe Bank organized.
The Peoples State Bank Of Cherry
dale was organized by about seventy
five stockholders last night. who
named s. +. Cooper president. The
capital of s50,0OO and will be opened
within the next six weeks in tenn
porary quarters until modern
banking building. to be erected at
Dominican Heights station, is COM
D. r. Luttrell. \. L. Kelley and
Harry 4. Linn were elected vice
presidents by the board Of directors
Thomas were named general counsel.
The directorate consists Of the fol-
lowing: Ruby Lee Minar, J. Harr"
Burkholder, ]. Il. Mccormick, D. =.
May W. T. Parrott. Harry NJ. Key
ser. w. F. Moses. J. Edward Thomas.
Glegge Thomas. Hugh y. Reid.
Henry A. Linn, a: L. Kelley, s. F.
Leissler. f. E. .Naylor. Frank Lyon.
L. NJ Kelley, Ernest w. Rauth and
Thomas H. Jones
Bank Convention Program.
In circular from Secretary How
ard Moran members of the District
Bankers Association are urged to
take advantage of the convenient op-
portunity to attend the American
Bankers Association convention to
be held at Atlantic City September "a
to 81, next, both dates inclusive
Transportation will be furnished at
nj nd Tar Fo-
the round trip.
In the event the whole convention
cannot be covered. members banks
are requested TO send a representa-
tive for one or more of the sessions.
which are follows:
Monday, September "a: Morning
General meeting of the clearing
house section.
Tuesday, September 25: Morning
General convention session OF the
whole association. Afternoon-Gen-
eral meeting of the savings bank di-
vision.
ing-General convention session. Aft
ernoon-General meeting of the state
bank division.
Thursday. September 81: Morning
General convention session. After
noon-Gcneral meeting of the nation
al bank division.
Personal Mention.
Latest cable advices from Mrs. ".
". Spaid, injured in the recent Alps
bus plung, are to the effect she will be
able to sit up on Saturday and will
probably be allowed to leave the hos
pital on Monday next. Mrs. Spaid
is confined in hospital at Nice.
Eugene f. Thompson. president of
the Washington Stock Exchange,
leaves on a short business trip to New
York tomorrow night
Peter A Drury, president of the
Merchants Bank and Trust Company.
who has been in Europe the greater
part of the summer. was filling his
role at the bank today.
Edward J. McQuade. vice president
of the Liberty National Bank, leaves
Friday for New London. Conn, for a
short vacation over Labor day. Mrs
MCQuade Will accompany him.