Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-13
STRENGTH OF BEAR ELEMENT
SHOWN IN STOCK PRICE BREAK
Investment Trusts Are Now Playing More
Important Role In Wall Street
Operations.

should) the general strength of bust
ness and commerce"
The quotation Is from the speech oil
the controller. He then called atte1-
ton to the fact that the inability "oi
many country banks to make q faiI
profit on their invested capital, as re.
flected in the large number Of failures
within the past eight years., 900 banks
| closing their doors in the years named
TOO national and 1900 State. Eighty
per cent of these failures occurred ir
towns having not more than 5000 pop.
ulation.'
, Attention is called In the plea of thu
controller to the fact that State banks
may have Statewide branches, but such
action by q national bank is denied by
law, and branches restricted to the lin
its of the home city.
Mr.. Pole does not consider the sue.
cessful State banker, who has served
his community with ability for many
years, would be In any danger through
this competition, as the controller
would not give permission for the
absorption OF such bank or the estab-
lishment Of a competing national bank
branch.
The suggestion by the controller ha!
been very freely discussed, especially al
the meeting of the State bank section
at the convention of the A. B. A.
The verdict was against the PROPOSE
ton, q result not entirely unexpected
1t is fact that there have been 8
Woeful number of State banks in GER
tain sections of the country, north
south and west, forced to suspend but
any departure from established line
as radical as the suggestions Of the
| controller. however beneficial 1t NIGH
prove, probably cannot be put over save
after years of effort and education.
Local Securities.
For several weeks the local stocl
market has been slow and prices grad.
ually easing. Capital Traction has beer
been in this stock that the chief loSs
has been sustained. Many investors
have held on from day to day in thu
hope of some relief being granted b.
the utilities commissioners but just Al
present and all through the negotia.
tons the commissioners seem to be pull.
| ing at loggerheadsv-and shareholders
must wait as patiently as they can Q
change for the better.
| The low for the week Is many point.
below the prices current year ago, II
points below those of a few weeks ago
| bargain for a per cent dividend rate
Everything else in the list with few
exceptions is soft even some of the banl
shares yielding somewhat.
1t would sem as If there were some
bargains in the local bond market fol
the good picker.
The late G. J. Bell was a loyal mem
Der of the District Bankers Association
He attended practically all It's meet.
ings held in the city, when here, anc
has taken real interest In every effor
made for the improvement of loca
banking conditions. He has given vigor.
Gus encouragement to the youngel
bankers who are now navigating tn,
association. supporting their plans ant
giving credit for the many innovation
that have been introduced for the bet
tering of banking IN the District.
| The passing of this kindly gentleman
and able banker brought many touching
tributes from those who held him II
| high regard.