Evening star., 1925-07-16
BANK STOCKS
ON LOCAL EXCHANGE
Commercial National Goes to
180 a Share - Railway
Common Strong at 1O6 1-2.


change today centered largely in bank
shares-at least there was plenty Of
bidding for the various stocks and not
much offering OF shares. Commercial
National jumped to 18O a share from
the 177A level of yesterday. and the
closing was $50 bid and 200 asked
The quotation on Liberty National
was 1873 bid, while 344 was the offer
for American Security & Trust, 1875
for Union Trust and 450 for National
Savings. The savings banks shares
generally were appreciably stronger
as were other bank stocks. Mer-
chants Bank & Trust Co. sold at 1874
Railway common showed a sharp
advance when 1t sold at 1861
with the preferred steady at "a to
S41s. Capital Traction was an eighth
over par. National Mortgage. 9l2
There was more doing in Lanston
than in any other stock, frequent sales
being made at IS.
Bond transactions were confined To
Railway As at 1873 and Washington
Gas 6s at 103.
Personal Mention.
F. G. Addison, jr., left YESTERDAY
for York Harbor, Me
Edward ]. McQuade, vice president
or the Liberty National, will head Can
adaward next Saturday for a three
week outing
Earl Amick, an assistant cashier Of
the Riggs National, is enjoying much
golfng during his months rest. Later
he may go nOrthward.
So Bill Under Discussion.
Local financial circles are interested
in the conference on paper money
at the Treasury, called by Assistant
Secretary of the Treasury Dewey, for
the purpose of lengthening the life,
If possible, of paper money, and work
ing out problems of circulation.
While Washington is receiving
quantity of dirty money from the
outlying districts, and handles much
paper money which has been soiled
at automobile filling stations, etc, ac-
cording to bankers, the general run of
paper money in Washington, close
to the source of supply here, is said
TO be about as clean as in anS city
in the country.
Banks, however, are careful not TO
ask the Government for fresh paper
IN exchange for some which has been
slightly soiled but is still usable.
Among the questions up before the
money conference at the Treasury
is the subject of the 50 bill, which
many persons seem to avoid on aC-
count of an old superstition.
Interest in Banking Site.
There is much speculation among
bankers here as to what banking in
stitution may go into the great new
office building which is in prospect for
New York avenue and Fifteenth street,
southeast corner. Location of a finan-
cial institution on that corner would
| thus completely dedicate the four
corners TO money. On the three others
are now located the United States
| Treasury Department, Riggs National
| Bank, American Security & Trust
Company and the National Savings
! & Trust Company.
There is just a possibility that the
building proposition may strike a
snag. A proposed bond issue is be
ing delayed.
Company Pays Dividend
The Union Finance Company on its
fifth anniversary, yesterday, sent out
quarterly dividend checks of > per
cent for its twentieth dividend Waldo
NJ Ward is president of the company.
which has consecutively paid regu-
lar quarterly dividend on both the
| preferred and common stock.
Freight Traffic Heavier.
| Volume of freight traffic handled bv
the railroads in May amounted TO 81
! 146. 1900 net ton miles, according to
| reports for the month filed today BY
| the carriers with the Bureau of Rail
way Economics.
Compared with the corresponding
period last year, this was an increase
of 1921 ,61S,000 net ton miles. or 90
per cent, but a decrease of 2,450.SS5.-
| 600 net ton miles, or 60 per cent. un-
| der the corresponding period in 1928.
Rail Earnings Compared.
The Standard Statistics Co. IN
compilation made public today stated
that not a single railroad COMPANY
whose shares are listed on the New
| York Stock Exchange enjoyed a net
operating income in 1924 over per
cent on its claimed valuation.
In fact said the statement, there
! were only eight roads in the country
! to earn over per cent on claimed
! valuation in 1924. They are: Balti,
more and Ohio, Bangor and Aroostook
! Central Railroad of New Jersey.
! Chesapeake and Ohio, Hooking Valley.
| New York Central, Norfolk and West
, ern and Southern Railway"
Convention Near End.
The delegation of IA Washing
! tonians, headed by Harold w. Burn.
side, assistant cashier of the Farmers
and Mechanics National Bank, retired
| president OF the Washington Chapter
American Institute of Banking, who
| have been attending the annual con
vention of the institute at Kansas
| City, expects to leave there Saturday
~