Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-07-22
WOMEN LEARNING INTRICACIES
OF GAUGING SECURITY VALUES
Welcomed Now in Brokers' Offices and
Are Showing Natural Aptitude
for Market Dealings

! above has much actual value back OF 1t.
| It would be hard to tell just what the
real value of some of these shares like
Union Pacific. Pennsy. etc, are worth
with the possibilities Of distr1butlon
| pullman's recent split of three shares
new stock for one share Of old, was
rich melon, being worth at the rate OF
| about $241 share for the old stock.
Get Ready for Big Financing.
| With the 18th of September Of this
year the third Liberty loan issue will
mature-probably via refunding Oper-
atoms of the Treasury Department.
Each succeeding issue Of liberties was
| for a larger amount than its predeceS-
sor, the third calling for $4.716,516,850.
This will be the largest financing that
| the Treasury has had to care for re-
sulting from the war. While 1t Is
probable that the ma jority Of the bonds
| have settled into the hands OF bankers
and investment houses to be used as
Government securities" as needed,
| there must still remain a goodly por-
ton In the hands OF investors that will
be presented for redemption and the
proceeds reinvested.
Ii Secretary Mellon decides to refund
the third loan In long-term bonds or
! notes, the banks holding the bonds
| that will be called will probably make
| the exchange, as they will probably be
requested to do. If short-term financ-
| ing Is partially resorted to the rate
will probably have to be little higher
and more attractive to investors gen.
orally and for secondary reserves as
| we'll.
Charter Not Likely.
| In view of the opinions now held by
the controller of the currency, 1t prob
| ably would be a difficult matter to
secure a charter for either new or a
branch bank in this city, unless the
| selection of site for the latter should
distinctly require the services of such
an institution.
that there will be mergers of banks
in this city at this time. There are
opportunities for the mergers of many
banks for creation of stronger banks
with much larger capital and there
| fore the more capable meeting of de-
| mands of the new business conditions
that we hear so much about these days.
| II it were not for the personal
equation that considers salaries and
J position and officers, directors and EN-
ployes, all furnishing proposition OF
a varied and complicated character, the
merging might be accomplished In four
or five cases in few days.
Installment Business Goes On.
The installment business goes on and
on and will continue undated for
| generations yet. to come and longer.
Certain lines. especially in costly
merchandise. have to offer the induce
rnent, nor are they allowed to charge
| interest.
| Old and reputable merchants in lines
that have never tried to win INSTALL
ment patronage, extend 90-day credit to
reputable customers. and frequently are
forced to yield longer terms, while &C.
cepting partial monthly payments,
really installment buying.
Bankers, too, have found 1t necessary
to meet the instaliment plan In small
note business. In loans with indorse-
ments but without collateral.
They also handle large amounts of
real estate paper that is payable in
monthly and quarterly payments and
| find the necessity Of meeting building
and loan and small banks competition.
Despite the generous instaliment buy
Ing 1t has still been An era OF thrift.
for $4,000, 900 people have deposited in
| savings banks matter Of $4,000
ooo, 900.
OF Interest to Veterans.
| Any World War veteran holding a
converted Government insurance policy
may now protect 1t by q trust agree
ment. Heretofore this could not be
done because the law did not permit
banks and trust companies to be named
as beneficiaries. but when at its last
session Congress amended the World
War veterans act. the restriction as to
banks and trust companies was removed.
excepting as TO yearly renewable term
insurance. A bank or trust company
may receive the money from such a
policy. as trustee. and invest 1t for the
benefit of the heirs.