Evening star., 1925-07-20
LOCAL EXCHANGE
TRADING IS BROAD
Commercial National Stock
Days Leader-0ther
Financial Notes.

on todays session or the local Stock
Exchange there was a moderately
large business in the aggregate with
out special activity in anything. the
fsales being distributed through some
Is issues of stocks and bonds.
The feature of the session was an
other sharp advance in the stock OF
the Commercial National Bank the
1Sl closing Of Friday being followed.
by sales up to 185 on the cali and
with the bid >rice raised TO 1888, with
the asking figures advanced TO 210-
The upward trend in these shares has
been continued steadily for the last
few weeks, and seem to point in
dubitably TO something favorable for
| the bank in the immediate future.
Other bank stocks were strong, but
with only fractional gains or ur-
changed. Riggs National sold at 353ia
TO 354 and American Security 344 to
344as.
Capital Traction eased a little to
100. Railway preferred was steady
at 81, no transactions in common
stock. National Mortgage preferred
9l2, the usual price for these shares
LaQston was a shade eas sier
Unusual transactions included Co
lumbia Title Insurance Co. at Si4. and
Wardman Park 6s at a new high.
102L
Bonds were active in a small way.
| usually showing very slight changes
in values. Sales were made at 1882
for Gas 6s in $500 lots; 100 for
Potomac 5s; 9S12 TO 9S% for Capital
Traction IS, and 79& for Railway IS
Broker Office Is Reopened.
Justice Stafford CT the District
Supreme Court has terminated the
| receivership of the stock brokerage
| firm of Dean. Onativia & Co, making
the local branch free to resume busi
ness. Gen. Abel Davis OF Chicago and
John Callan OLoughlin, local man
ager of the firm, were discharged as
receivers and directed TO surrender all
! the assets Of the company except
s10,9o4.34, representing the cost OF the
local reoeivership.
The amount reserved is TO be paid
| out by Mr.. OLoughlin and includes
! an attorneys fee of So 900 TO Cha amber
! lin & Smith. who represented Hsrmer
! Reeside and Lawrence NJ Dgnnam
| the local creditors, who applied for the
ancillary receivership after the firm
! had been placed in the hands of re
| ceivers in Chicago.
The office reopened today for busi
ness.
Local Houses Interested.
Several local investment houses are
| participating in the new Common
wealth of Australia external loan Of
| SIS 900 600 being fioated in the United
| States. The offering consists of so
year per cent gold bonds, redeem
able. in whole or in part. on July Is.
| 1852, or on any interest payment date
thereafter on so days notice at 100
| per cent and accrued interest. j. P.
! Morgan & Co. heads the syndicate
making the offer.
Personal Mention.
! p A Drury. president of the Mer-
| chants Bank and Trust Co.. returned
to-day 10 Washington from Bluemont.
/ Va, where he has been spending some
| time at his SUMMER home.
John r. Waller, president of the
| International Bank. will return to
night from. his extended trip through
the West.
Steel Cars Need Repairs.
Freight cars in need of repair on
July / totaled l9S,46S, or So per cent
of the number on line, according 10
reports filed today by the carriers
with the American Railway Assocta-
ton This was a decrease of 2.775
under the number reported on June
lis, at which time there were 20l,243,
or 81 per cent.
| Glass l railroads. on July :, accord
| ing to the reports. had 311,572 surplus
| freight cars in good repair and i'm
! mediately available for service. This
/ was an increase of 4,0I7 over the
number reported on June 80.
More Counterfeit Bills.
Two more counterfeit bills have
been detected by the United States
| Secret Service and warnings have
been sent 10 bankers and others in
terested. Descriptions Of the bogus
| money in brief follow:
| "Five-dollar Federal Reserve note:
On the Federal Bank of New York
! check letter C.; face plate No. 1917.
back plate No. 1926; a. W. Mellon.
| Secretary of the Treasury; Frank
White. treasurer of the United States.
portrait of Lincoln. This counterfeit
| is printed from Photographic plates
| on a single piece of good quality pa
per. with ink lines to initiate the silk
fiber of the genuine.
How $50 Note Appears.
"Twenty-dollar Federal Reserve
note: On the Federal Reserve Bank
of st. Louis; check letter indistinct or
| omitted, Carter Glass, Secretary of
the Treasury; John Burke, treasurer
of the United States: portrait of Cleve-
land. This is a very poorly executed
bill on paper, without silk threads or
imitation of them. The face of the
bill has the appearance OF having
been washed, the impression being
faint and blurred"