Evening star., 1926-12-11
ing growth of traffic in the NOR,
recent past.
Christmas Seals Selling Rapidly.

The sale of Christmas seals to help
along the work of the Tuberculosis
Association in it's fight on the white
plague has begun in the local banks
and will continue until the end of the
holiday season. Sales are reported as
starting off with a rush, as bank de
positors are glad to help along such a
cause. In several banks yesterday
f1aShlight, pictures were taken of the
association representatives making
sales to the employees Of the banks.
1927 Christmas Clubs Booming.
The 1927 Christmas Savings Clubs
which We're opened a few days ago by
, nearly all the Washington banks, are
meeting with great favor. 1t is report
ed at many banks that the amounts
deposited SO far indicate that a new
record for the Capital will easily be
established during the coming year
President Francis T. Savage of the
Central Savings Bank is particularly
enthusiastic over the outlook, report
ing that the sum deposited is now
four times greater than that which
was in the banks similar club during
the same length of time last year. He
also finds that very generous
amount of funds saved in this years
club is being transferred into per
manent savings. Several other bank
ers have expressed similar views, al
though no exact figures are available
New u. s. Issue Oversubscribed.
Secretary Mellon announces the
oversubscription of the Treasury Ger
tificates of indebtedness paying 3A
per cent. The offering was 5000 200 ,O0'
and the IL Federal Reserve Bank.
hoy iv, ir,ff fnfo n
81 ,096 ,0O0, 900, so that the issue ha.
been more than five times oversub
scribed. AS already announced, hold
ers of Treasury certificates maturing
on December Is were allowed to sub
scribe to the new issue to the extent
Of SO per cent of their holdings, and
these exchange subscriptions totaled
$103, 1888. 900.
Good Times Seen I'm 1927.
Somewhat more quiet, but prosper
Gus conditions for 1927 are foreseen
by the American Bankers Association
Journal, which says in its monthly
business discussion:
"The general business situation con
tinues very satisfactory and banking
leaders view the outlook with con
fidence. The last month has brought
currents in industry tending to bal.
ance each other. The United States
will close the year 1926 as the most
prosperous In history and enter the
new year with unprecedented con
ditions for continuation of the pros
perity wave.
while it is rather early to form
any definite opinions as to 1927
business, it appears not unlikely that
1t will be found somewhat more quiet,
that is to say, that volume may not
quite measure up to the breakneck
pace of 1925 and 1926, and that in
dustry and commerce will run along
a. settled and highly competitive
course.
Heard in Financial District.
Edward l.. Hillyer, vice president of
the Union Trust Company, sailed on
the Majestic today for a months stay
in Paris. He was accompanied by
Mrs. Hillyer
E. N. Baty, executive secretary of
the Chicago and Cook County
Bankers Association. was q visitor in
the local financial district this week
Bertram Chesterman, executive vice
president Of the Morris Plan Bank,
has returned from New York. where
no dllcIlue>u d. CUillcI0IlCo Will OtuCI
officials in the system.
Trading Quiet on Exchange.
Prices were firm, in quiet trading
on the Washington Stock Exchange
today when Potomac Electric Power
preferred sold at 107h. Washington
Railway and Electric preferred at
90ss and Lanston Monotype at 921a.
District National Bank stock was in
demand, opening at 229. advancing
to 230 and closing 231. The only other
bank stock out was Riggs National,
which sold at 450.
Few changes were noted in the un-
listed department. the bid on Depart
mental Bank being raised from 5 to 6
and the bid on Park Savings Bank
from so to 60. All other quotations
were practically the same as last
week