Evening star., 1926-11-21
BUSINESS IN ALL BRANCHES
DEPENDING ON INSURANCE
Banks Probably Most Protected by Pol
icies-Business Setting Good Pace
Now-Mergenthaler Report Is Good.

year, but in the interim the number OF
shares had been doubled without In
creasing the capitalization.
This should satisfy President Dodge
and his board of directors that the
time had arrived when the stock car
be put on a 8 per cent basis without
fear Of being compelled to go back te
the S per cent rate equal to 10 pei
cent before doubling of shares). and
that indeed per cent with an oc
| casional extra Is not too liberal q
policy. The accounts and bills re
ceivable Of practically $13.400. 900, al
interest bearing. are also secured OBJ
legations and help enlarge the earning
capacity with no carrying interest
charges against the machines sold.
Get Your Parking Space.
Every building devoted exclusively
to banking is entitled to 80 feet OF
parking space, protected by police
signs mo parking here
II the building has Office quarters
! as we'll as banking rooms It is en-
titled to 80 feet parking space for the
bank and an additional 80 feet fol-
the building.
In order to obtain the space It will
only be necessary to make applica
tlon to Director Of Traffloe Eldridge
ana to pay for the signs to be used tc
protect the space.
Christmas Savings Money.
Before another week the first OF
the Christmas savings money Will be
nndlng Its way into tho hands OF
owners who have faithfully main
ta1ned their savings each week
against the climax Of shopping In.
cloent to the approach of the gift
season. eA'
more banks were engaged I'm col.
iectlng Christmas money during the
last year than ever before, and while
the total Is not known as vet. It viii
oe most important factor in swell.
Ing business during the holidays.
Local Securities.
Ihere has practically been nothing
oI Importance doing in the local
stock market during the Snn,noar
months. and the early months of the
FAN, while developing a. fair bond
market and good demand for Wash.
lngton Gas, have not materially i'm.
proved matters. Interest in bank
shares has not revived since the slump
following the early-in-the-year ad
vance.
There must be large amounts OF
money from dividends and interest
payments in the hands Of investors
awaiting employment, and millions
more will be turned over with the No.
vember and December payments. =.
New York stocks have offered But
little attraction to the investor dur.
ing the last year, and spectators have
not found it to their liking, so irregu-
lar and erratio has been the move
ment, save to those who had the nerve
to follow General Motors and few
other stocks that have given good
account Of themselves.
Because of this accumulation of
cash there should be better demand
for local securities, with good dividend
payers setting the pace. Our bonds
are selling on a per cent basis now,
which, with the one-half of / per
cent intangible tax off. makes them a
Az per cent investment.
Money is in good supply, and will
continue so, up to the period OF
preparation for dividend and interest
payments by the great corporations of
the country. prior to January l.
Glover Happy.
C. C. Glover, chairman Of the. board
of the Riggs National Bank. is greatly
pleased by the election of his son,
c.. c.. jr., as president of the Washing
ton Stock Exchange.