The Washington times., 1925-11-02
DC. BANKS BUSY
ON PEPCO'S
ISSUE
InstaIlment Purchase Ger,
tificates Win Be Delivered
in Near Future
By RICHARD HATTON

AlX B1NLAfAANA1 MAkA - =
Those washington banks and
brokerage houses which handled the
recent heavily ver-subscribed stock
issue of the Potomac Electric
power Company have been engaged
busily for the past few days in
I completing the details Of their
transactions with their customers
IA order to make returns to the
office of the treasurer OF the
utilities corporation. In some IN
stances the number OF subscribers
that an extra force was employed
on the work.
According to Atwood M. Fisher,
treasurer of the Potomac Electric
Power Company, interim receipts
and instaIlment purchase certificates
COR the new subscribers to the stock
Of the company win be ready by
today and will be delivered as soon.
IS possible,
The question OF the Improbable
sank account, which is creating
considerable stir in the banking
world at the present moment, is
being handled by several District of
Columbia financial institutions in
divfdualIy by Systematically eradi-
eating those accounts which have
been carried at a loss to the bank
and which show no signs Of beng
maintained at q figure which would
warrant the bank in handling them.
In connection with the elimina-
ton Of the Improbable account,
Il is q noteworthy fact that the
! banking public In general senses
the reasonableness Of the bankers
position and is making every eff
fort to cooperate with the banks,
either by increasing the account
O. withdrawing It until such time
IS q satisfactory balance can be
carried.
with the approach Of Christmas,
interest is being manifested In the
toy trade and 1t is worthy of note
that American manufacturers afe
holding the advantage gained dur
ing the war when they replaced
the German manufacturers in the
American market
Before 1914 practically all of the
dolls sold In the United States
came from Germany. Al very large
pefcentage of other toys were inn.
ported from the same country. The
EMLeA4A8 OAl Vi lAkCkE A4tlHOL eLC6e4t@s
ed In q growth of production in
the United States from $4,000, 900,
ia 1914. to $40, 900 900, in 1919. At.
the present time Japan must hss5
considered, with reviving Germany.
Is a factor in the toy market, but,
according to late statistics. Ameri-
can manufacturers are holding their
own and will supply most of the
Christmas needs Tor the home mar
ket.
Prediction is being made by some
economic statisticians that, 1925 viii
register the peak of the present
building period in the United States
and that next year viii find build
iuR merely maintaining itself at q
level commemorate with the growth
Of demand IN various localities.
Predictions regarding building ac-
tirities in the District Of Columbia,
predicated upon present eonditione
and possible I, ture expansion. in
6icate that homes win continue to
be built next year for sale upon
attractive terme and that, especial.
IL in the suburban sections, the
demand viii continue steady.
Steady growth in deposits is be-
ing a0IeQ Dy pFdcI1cdlty All DdEtAn
Ia the District OF Columbia since
the last call for a statement Of con-
- fon ~ tie Tn rel States Treas
ury. This is, in part, accounted for
BY the usual seasonal activity along
this line. but it is in far larger
measure due to the present period
~ steady employment and good
wages with a stimulation toward
saving carried on by the banks
themselves which offer every in
duceInent and very attractive terms
to those desiring to open savings
account. The urge to save through
regular desposits in savings ae-
count has become general through
out the country, and is an added
assurance Of a continuation of ma
tional prosperity, according to local
bankers.
Taking the increasing activity Of
the Anacostia Bank, as reported by
PRESIDENT Maurice Otterback, as a
criterion. the community just over
Z the Eastern branch is one of the
fastest growing sections of the city.
The Anacostia Bank has made re.
markabie progress within the past
Few years and now occupies one
OF the handsomest smaller bank
buildings in this section of the coun.