Evening star., 1923-04-18
AIM. SECURITY ASK,
PERMIT FOR BRANCE
At 11.40 18th Street NV.
for Receiving and Paying.
Mergy's Earnings.
By \. A. FLEMING

The American Security and Trus
Company this morning filed applica
tion with the controller Of the cur
rency for permission to open
branch bank at 1140 18th stree
| northwest.
This movement is made purely 70.
| the accommodation of the banks Gus
toners, who find the parking dificul
ties too serious at the home office.
For the present the branch banI
will be used exclusively for the re
'ceitt of deposits and the payment o
checks, although in time it may grow
so as TO demand regular banking fa
ciIities.
! The bank will be located in tho
Security Storage building. wher,
parking facilities are generally avail
able durips the greater part of tht
day. IL is on the edge of the north.
western business extension of ths
uptown financial district a distric,
that is growing very rapidly.
| The permit will be on file in tn,
controller of the currency's office foi
| the next ten days, when il Will un.
iquestionably be granted.
/ The American Security and Trusf
| Company now owns and operates thu
Home Savings and its branches 4.
part of it's system.
| MergenthaIer's Earnings.
March earnings of the Morgan.
thaler Linotype were very satisfac.
tory. according to the reports of f
j. McQuade, local director of thai
corporation, the figures being S332,-
| 1879.
Eor tho civ ranufbs ended wItr
March 81 the earnings were 1o.7 per
cent as compared with 10 per cent
/ for the preceding six months
| Victor ID. Deyber to Broadcast.
| The Hecht Company is sending out
the following notice of an address
! station. WEAS, by Victor B. Del.-
Der. president Of the Second National
! Bank:
The president Of the Second Ma
! tional Bank of this city will deliver
an interesting message TO radio fans
| elevation to the presidency OF the
| Second National Bank was coinci-
dental with the accession OF Com
| missioner Cuno II. Rudolph as
| ernment. can speak with great au-
| tl.olity on matters Of banking and
; economy.
] Mr. Deyber's spirit permeates the
+; Second National Bank and has made
that Institution vital influence in
! the 18th street district. to which he
acts in the capacity of financial
| guide. counselor and friend. Mr.
Deyber is chiefly responsible for the
| banks opening an uptown branch
, in the interest of civic service.
! move which has been attended with
! the most signal success.
! Mr. Deybei's influence in the fnan-
cial world of Washington is well
known. His subject will be Lend
ing a Banks Money"
Local Securities.
There was considerable sman-lot
buying on the local exchange this
morning at 741a for Railway pre-
ferred, 80 for Capital Traction stock
and Gil for Riggs National Bank
| shares.
| Railway common. the usual ieade,
| in activity, did not get started until
| after the regular call. with the ex-
ception OF an odd lot at 6S&4
Later on the buying was of a good
, character and the price advanced By
| fra actions to 6s7s.
The advance seemed much more
| stable than the sensational move
ment that announced the refusal OF
| the highest court TO undertake a
| review OF the appellate courts ruling
Railway 4s at 71I4 and Potomac
Consolidated IS at 97l4 were the
, favored bonds.
Bank Loans Increasing.
! Wall streets loans are increasing
materially. as the activity and moder-
| ate strength continue on the street.
The bulk of gossip that comes from
from Wall street has a bullish trend
especially on rails. oils and steels
| Chairman Garys statement that
81 900. 600. 900 had been added to the
| value of the Steel Corporation and tila,
shareholders would sooner or later re
ceive the benefit therof helped the
stock
Nevertheless there is A nervous feel
| ing OH the street, many of the bulls
getting ready 10 change position with
May and later months. on the theory
that the next Congress will in itself
be bear argument on the list.
There has been no distributing or
| securities. that is on large scale
hence no break is anticipated in the
near future