Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-05

1. A. FLEMING, formation by pri-
vate wire from
headquarters at once. In this way they
hope to hold their customers, knowing
that there will be no aftermath OF
wrath if they trade on their own judg-
ment and then make a loss.
The investing public, even when its
operations are tinged with speculative
intent. rarely operates on the bear side
OF the market; in fact, this rule is sell
dom broken. Knowing this, there are
brokers whose advice is persistently In
favor Of immediate purchases. without
consideration of the customers danger
and frequently ignoring the most read
able OF market signs
Bankers have their own worries. AS
stated before, in seeking returns on
their deposits on which they pay in
terest, and also of non-interest bearing
deposits upon which, with their capital
and surplus. they deperd for dividends
to shareholders
With the largest deposits on record
$28l ,977 900. with call loans at III pei
cent and time loans quoted at y to !
per cent in New York, there is small
opportunity to make profits of loans in
the great center.
sources Of short-term investment, i.
also very slow-not that there is not
good demand. but the character oil
the offerings is not such as to inspire
competition therefor Locally. the de-
| mand for loans Is confined to mer.
chants. Stock brokers require little
with their business limited, as it is.
Need Income for Estates.
Trust company officials, charged with
The care Of hundreds of millions of es-
tate funds, apparently have the hardest
task in these days Of low interest rates
and uncertainty.
Government securities. bonds, bills
and Treasury certificates are iayorec
by bankers generally as the best and
safest Investment. All issues of Gov
| ernments are at premium. It Is for.
tunate for the Nation that the Govern.
ment can borrow money In any guam.
| tity, apparently, at the lowest rates thai
/ have ever prevailed. The last four is
sues OF bills were at / u per cent inter
! est, these issues being sold to the high
! est bidder and heavily oversupscribed
WashingtOn's Loss.
! It seemed as II the entire cit,
/ mourned the passing Of George o. Wal.
/ son, organic er and president of the
! Liberty National Bank A native OF thi.
! city, educated in its schools. taking hi.
| training for his position in bushes.
under the senior Harrell, formerly pres.
ident OF the National Capital Bank
developing with other banks until ready
| to start his own venture, he drew
around him a group of able associate.
/ that at once assured success.
Mr.. Watson was prepared by train.
ing. education, by nature, by tenn.
permanent, by personality for any posi-
ton to which he might have aspired
| His position on any matter of business
was never in doubt. He was yes
and a mo" man.
To the newspaper fraternity he wa.
ever a valued friend, and when h,
! spoke. among his associates or in tn,
| councils of bankers organizations, h,
was listened to attentively.
For three years he served the Ameri
can Bankers Association on the execu
tive council, as representative of thu
| local ASSOCIATION, and later on was ap
pointed on the Public Relations Com
mittee. his first work being to prepar,
the way for rapprochement between tn
representatives OF the Government il
the Treasury Department and tn
A. B. A. officials.
Scores Of men and women have givel
testimony in letters TO Mrs. Watson o
! the great kindness rendered to them a
divers times by her late husband
Nearly all the banks in the city wer
represented at Mr.. Wa1son's funeral
and his late associates followed tn
services to their ending in old Con
gressional Cemetery
Motors Show Increase.
SO far, there is little evidence tina
the bonus money has been of any serv
ice to the stock market, either in con
sentative investments or speculation.
It has however been OF distinc
service to the automobile trade, wher
an increase Of rs per cent in production
has been necesSitated by the increase,
demand.
Henry Ford closed the year 1913
SIS, 5000 ahead Of the manufacturin
game, which does not indicate a yer
hard year, for the low-priced makers.