Evening star., 1924-10-17
J. n. SE|TzELECTED
CASHIER OF BANK
Columbia National Vacancy
FiIIed-Day's Trading on
Local Board.
BY CHAS. p. SHAEFFER.

John n. Seitz has been named CASH
Ter of the Columbia National Bank.
The election occurred late yesterday
and fills a vacancy existing for sew
eral months, caused by the elevation
or Frank j. Stryker to the presidenc:
OF the institution.
Mr.. SeitZ is relatively young I'm
years, but has been interruptedIy IN
the banking profession since 1908 In
that year he became affiliated with
the National Bank of Washington in
the capacity of runner, later succeed
ing to the bookkeepers' cage. In 1919
he Joined the forces of the Continental
trust Company as teller, and in 1916
he became affiliated with the Fed
eral National, also as teller. He re-
mained with this institution until
January IS last, when he became af-
hliated with the Columbia National as
assistant cashier.
Rehabilitation OF the Columbia Ma
| tional, an old-establshed institution,
which set in with the coming of Mr.
Stryker several years ago. now be
comes complete with yesterdays cleo
| ton.
Loan Called Aid to Farmer.
The heavy oversubscription of the
German loan is particularly interest
ing in view of the position taken by
Brook kmire Economic Service that the
| uccess of this loan is of vital i'm
portance to the raw material and
| food producers of this country. 1t is
| also their opinion that this Offering
will be the first Of a series of loans
! TO European countries and European
/ enterprises.
! 1t is pointed out that the farrner
will be primarily benefited, especially
the wheat, meat and cotton farmer.
| Personal Mention.
Howard Moran, vice president OF
the American Security and Trust
| Company, with Mrs. Moran, is spend
ing two weeks at Atlantic City.
Money Rates ON Ticker.
To save both time and labor, the
New York Stock Exchange has adopt-
ed the policy of printing on its stock
ticker each morning the renewal rate
| for call money.
| The practice in the past was to post
the rate as soon as determined By
the money desk" leaving interested
parties to secure the rate in any wa
| they saw fit
Now Freight Records.
Freight loadings totaling 1,o77,oo6
cars for the week ended October 4
! although decrease of 10441 cars
| under the preceding week. establish
! ed new high records for movements
| Oh gram ana grain products and for
| merchandise and less than carload
| freight, the American Railway Asso-
citation reports.
A total of 71,134 cars was loaded
with grain and grain products, the
| second consecutive week that a new
high record has been established, a
! gam of 1,S45 over the week before
and 21,1o2 above the same week last
year. Loading of merchandise and
an-carload freight totaIed 259.-
| los, an increase of 64S cars over the
! week before and the third consecu-
! tive week that new high record has
been made.
Busy Day ON Exchange.
! Well diversified trading at un-
changed prices ruled on the local
stock exchange this morning. Popu-
| lar issues were rather quiet, with
activity confined to small volume.
Railway preferred was strong at -.
with Gas unchanged at 81 ~ Lanston
| moved fractionally upward to 79ls
but Commercial National was un-
changed at 14o. District National
Bank sold at 167 and Second at 165.
Departmental Bank sold on the un-
listed section at ~, a slight easing
off, and Washington Title Insurance
brought 9.
Bonds were active in small lots, but
unchanged.