Evening star., 1924-06-17
DEYBER WILL NAME
COMMITTEES SOON
Local Bankers Association to En-.
large Work During Pres
ent Year.
EXCHANGE TRADING ACTIVE
Dividends Declared-B. G. o. to
Raise $35, 5,000,0 900 in Bonds.
BY CHAS. p. sHAEFFER.


Victor B. Deyber, new president of
the District Bankers Association. vii:
call his embryo council of adminlETa-
tion together the latter part OF thia
week, or the beginning of next, for tbs
purpose of collaborating with him -
the selection of his various committees
for the ensuing year.
AT least nine committees will b.
carried this year to aid in the further
ance of the associations work, includ-
ing two heretofore not created, namely,
a budget committee and one to delve
into the statistical data on bank de-
posits submitted by w. j. Waller at
the convention held the first of the
month. The frst-named committee will
look into the financial needs of the as
sociation, and its recommendations,
outlay for 1924-25. The functions of
the body on bank deposits are rather
obscure at present, but Will be thrash
ed out at the council meeting.
In addition to the above, there will
De a committee on auditing, CONNER
cial activities, fraudulent securities.
a special committee on standardized
insurance, law and legislation, public
education and the protective commit
tee.
Capital Traction Stock on.
A decline in Capital Traction stock,
offset by a slight rise in the preferred
issue of Washington Railway and
standing features of trade on the
local board this morning. The for
mer sold in odd lots at 921z and s2L.
the trend being downward. with the
latter recovering from 1872 to "a on
sales OF II shares. Lanston was un-
Mortgage and Investment preferred.
at SA.
Bonds were firm and relatively ac-
tive. Capital Traction 5s brought
81. Georgetown Gas SIS s7h and
Washington Gas IS 1o1h. Railway As
Electric 6s at 1929.
Local Banks Vote Dividends.
Directors of the Northeast Savings
Bank have declared their regular
semi-annual dividend of 4 per cent.
The Columbia Title Insurance Com
pany has declared the regular semi
annual disbursement of per cent
to stockholders of June 80. Transfer
books close from June 20 to 80, in
elusive
The Real Estate Title Insurance has
declared a regular dividend of per
cent and an extra Of per cent, paya-
BILE on June 80.
Western Maryland's Earnings.
Earnings of the Western Maryland
Railway Company continue to fall off.
The estimated receipts for the hrst
week Of June were $369,056. de-
crease of $130,098, or rs per cent
compared with the same period OF
last year.
For the year to June Z: estimated
gross earnings were $s,511,2S4, de-
crease of s1.641,3s0, or 16 per cent.
over last year.
Revised Commission Rates.
A revised scale for brokerage com
missions on stock sales mas oeeh
completed by New York Stock Ex-
change officials, it is claimed by New
York publications, and Will be put
into operation shortly.
The tentative schedule. It is said.
provides for the following changes
$3.50 a 100 shares for stocks selling
between 81 and $40; $3.50. between
$40 and s25; SIS, between $25 and $50:
$40, between SIS and $125, and SIS for
stocks selling at s125 and above.
AS the majority of the active issues
sell above SIS share 1t is readily
seen that they will bear the brunt OF
| the higher rates.
b. & O. to Issue $35, ,O0o 900 in Bonds.
| The Baltimore and Ohio Railroad
Company was authorized by the In
| terstate Commerce Commission today
| to issue $35, 100000 of refundlng and
general mortgage per cent bonds
| 1t also was given permission TO
pledge with the trustees of the mort
gage a total of s7,712.3oo of the Bal
| timore and Ohio's edo-Cincinnatl
mortgage bonds, and to pledge with
the trustees of certain mortgages,
s5,oOO,00O Of Schuylkill River East
Side Railroad Company first mortgage
bonds.
| The Chicago and North Western
| Railway Company was authorized to-
day to issue and sell s3.150,000 of gen
eral mortgage gold bonds