Evening star., 1925-11-25
NEW FEDERAL LOAN
EXPECTED SHORTLY
About $500, 900, 900 Neces-
sary to Ideet December
Maturities.
BY CHAS. p. SHAEFFER

Through the Federal Reserve Pan.
OF Richmond, the Federal Cover.
ihent mas served preliminary notice
on local banking institutions 1ha+ :.
ne" treasury loan can be expected
shortly.
Proceeds of the new Offering win
De used TO refund the maturing short.
term notes on December is, and also
70 take care Of some maturing Ger.
tihcates Of indebtedness. as we'll a.
interest payments on other outstand.
ing loans. The new issue. in al
inability, will be dated as Of De.
CeH4per 10, the terms OF which Wi!
De inade public about December 6.
considerable speculation is heard
IN the local financial district as IA
the size OF the Offering. but the cor,
sensus agrees that approximately.
soo0 100000 will be asked. The
logical nature appears at this time
70 DC an Offering Of certificates bear
ing about 3A per cent interest. o.
else notes with d fractionany higher
rate.
Notes Mature Soon.
Maturing on December - is the
ISsu OF treasury notes dated June
10, 1922, and bearing interest a+ the
rate Of ~ per cent. These are ON.
standing to the amount Of S335.141 s00
representing subscriptions allotted in
luII offered only in exchange for -,
per cent victory notes Also rna.llr.
ing on this date is $2l9,462, 400 cer
tlfcates Of Indebtedness. dated las
March, and bearing interest at tho
rate OF ) per cent Half yearly in
terest is also due on the 312 per CEN
Liberty Loan of 1947, on the Az per
per cent Treasury bonds Of 1944.54 ,
per cent certificates of indebtedness
or December Is last. and the Az per
cent treasury notes of December Il
1871 Also there is due a quartel
years interest on the per cent Par
ANA bonds of 1861. These interest pay.
ments will approximate $4,000, 600
alone
Incoming moneys on December -
VIII be an indefinite sum represent
ing the last installment of income
taxes and approximately 100000, 900
IN principal and interest on the
British debt.
Regular Dividend Voted.
Directors Of the Mortgage Invest
ment CO., Inc, have declared the reg
uIar quarterly dividend of . per cent
on the preferred stock. PAYABLE on
December I. 1925. 10 holders OF record
November 20. This is preferred divi.
4ena number 9, continuing an un.
broken string of declaration begun
simultaneously with inception of the
corporation in July, 1923
me company is headed by Algernor
> Gardner and deals in first and
second deed of trust mortgages on
improved District property.
Trading on Local Exchange.
Bank stocks continued to play ar
important part in the daily functions
Oh the Washington Stock Exchange
ana To-Day was no exception to the
RUE. Liberty National was the high
hght IN today's transactions. selling IN
70 Zob1 on trading involving twentv
hve shares. The stock opened al 903
scoring a net advance of 3i5 points
on the day, while it was held ar o7o
as the session closed. Riggs National
6dnh advanced TO AS on a single
SAFE, and Union Trust and CONNER.
clai National were both strone ono
snare of each selling. respectiveIv Of
20 and POSI-. Not to be outdone
Distrlct National entered the sale
column at 210, and was held at oon
at the close
Ihe remainder of the session was
gun with the exception OF Can;taI
iraction, which reacted to lo3 on sell
i.s oI Of shares. One hundred shares
=, u rtalI"ay preferred sold at 90. and
fotomac Electric Power preferred
brought 1041s.
Banker Calls on Friends.
T. 5. Wolfe, former cashier of the
District National Bank and now meet.
cent or the F'rist National Bank NJ
brluseport, Conn, was visitor to
the financial district this morning
Soviet Likes United States Goods
Forty per cent of all imports for
Soviet Russia during the last o,ar-
ter of the Soviet fiscal wear ending
september 80 came from the ITnited
States, exceeding the total from any
other nation, 1t was reported in
statement by the Russian Inforrna-
ton Bureau.
Christmas Club Started.
Francis NJ. Savage. president Of the
Central Savings Bank, announces his
institution has fallen into line with
those maintaining Christmas Savings
Clubs, and that members for 1925 are
now. belng enrolled in classes ranging
from 90 cents to $4,000 weekly.
Bloomfield Bonds Offered.
A syndicate composed of Lehman
Brothers. Kountze Brothers and Kean.
Taylor & Co.. has been awarded and
is offering $4,000 town of Bloom
field, Va. 41a per cent five and six
year bonds. There are $557, 600 ma
turing December, 1880, and 100000
maturing in December, 1881. The
bonds are being offered or a 40 basis.
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