Evening star., 1925-06-16
FIVE NEW HIGHS
ON LOCAL BOARD
Traction, Paper and Bank
Stocks Share in Upturn.
Franklin National Dividend.
BY CHAS. p. SHAEFFER.

Five new high records were estab-
llshed for 1925 on the Washington
STOCK Exchange this morning in a
session devoid of any intense move
ments on the part of any one issue
The bullish tendency of the moder-
ate volume of transactions carried
Capital Traction stock to 9S1. on sales
OF 20 shares, Continental Trust Co 10
81 on sales of 80 shares, Commercial
National Bank to 176 on sales of 35
shares. Washington Loan & Trust Co.
to 404 on odd lot sales. and District
OF Columbia Paper preferred to So on
sales of IL shares.
The remainder of the list was ex-
ceptionaliy strong without exception.
Gas stock sold upward 20 so. or with.
In traction of the years best level.
Whlle Railway general and refunding
6s equaled the years best. selling At
l02 Gas 6s sold in small lots at lO2Ls
and Traction 5s brought % Riggs
National Bank slightly improved its
position io shares selling at 348A.
Franklin Votes Dividend.
Directors of the Franklin National
Bank have declared the regular semi
annual dividend of 81 per cent. pay
able on July l TO stockholders Of rec.
ord June 26. At the same time the
UNDIVIDED profits account of the insti-
$4,000, which sum was placed TO sur
plus.
STOCK of the Franklin National is
sued to the extent OF S225 900, has but
small place in the local financial eve
due TO the fact that it is not listed
on any exchange. Closely held. aies
are confined to intermittent private
transactions and sale now and then
on the unlisted department" of the
TEa "a
price on the unlisted board is 140.
although there have been some pri.
vate sales lately at 155. The presen.
disbursement of per cent has been
maintained for the last four years.
Thomas P. Hickman. vice president
OF the institution, again vociferouslv
denied this morning the recurring rII-
NOR that the bank is considering a
consolidation with a powerful uptown
house.
Per Cent Divident Declared.
A semi-annual divident of 3 per
cent on the preferred stock. and 81 90
per share on the common stock was
declared by directors of the Lough.
borough Development Corporation yes.
terday afternoon. The corporation is
a vehicle of the Allan E. Walker af-
fliations.
Albert W. Walker, president of the
corporation. who succeeded his father
| the late Allan z. Walker, stated the
company was in a prosperous con.
dition
Comparison of discount rates in the
leading banking countries of the world
Tor 1874 shows the discount rate in the
United States, using the rate Of the
federal Reserve Bank Of New York.
was the lowest, says the Index. issued
by the New York Trust Co. Hungary
had the highest, with an average of
1873 per cent
Average discount rates of leading
banking countries for 1924 follow.
United States, 81 per cent: Great
Britain, per cent; Holland 40 per
cent; Spain, per cent; Belgium. s.5
per cent; Czechosloyakia, So per cent;
france. per cent: Jugoslavia. per
cent: South Africa, 6 per cent: India.
o. per cent: Denmark, So per cent:
Norway, I per cent: Greece, rs per
cent: Japan, per cent: Portugal, 9
per cent; Finland, 90 per cent; Ger
many gold mark. 10 per cent: Poland
tzlotV. Il per cent; Austria, 1872 per
cent and Hungary, 1873 per cent.
Personals.
Charles ]. Bell, president Of the
American Security and Trust Co, who
has been touring Europe and Asia
with Mrs. Bell, has arrived in San
Francisco. coming directly from Can.
ton and Shanghai. Mr.. Bell will de-
lay his departure for the East about
a month, it was said
George A. Harris, president of the
| Potomac Joint Stock Land Bank, will
attend the annual convention of the
Virginia Bankers Association. 10 be
held at Hot Springs the latter part
| of this week.
Other local bankers planning to at
| tend included John B. Cochran and
Thomas P. Hickman, respectively pres
ident and vice president of the Frank
lin National Bank. and John Poole
president of the FederalAmerican
National.