Evening star., 1934-01-26

Bankers Honor r. V. Fleming.
A score of Washington bankers were
present at the Metropolitan Clubs
presentation yesterday of a medal to
Robert " Fleming, president OF the
Riggs National Bank, for outstanding
service to the community during the
past year. The presentation was MADE
at the Carlton Hotel, as already noted
In The Star.
CAPITAL fnanciers were very much
pleased that banker was selected for
this signal honor During the year
Mr.. Fleming did an amazing amount
of work for the community, through
his untiring efforts to help all the
banks in time Of unusual emergency.
His banking associates better than
any other people in Washington, real
ize how much he really accomplished:
They all declare that he fully deserved
the honor.
Congratulations have been pouring
In on him from associates today. 1t
Is also recalled that the same medal
was awarded to the late M. A. Lease,
who, for many years, was director
In the Bank of Commerce & Savings
and always intensely interested in the
banking status of Washington.
Among those present yesterday were
Controller j. F. T. O'Connor and c. c.
we'll known to local fnanciers.
Capital Traction Hits New High.
Capital Traction stock scored a new
high mark on the Washington Stock
Exchange today when it changed hands
at 49, Comparatively little of the stock
has been offered for sale in recent ses-
sions, the inference being that holders
are looking for increased earnings un-
der the street car merger which went
into effect on December /. While the
figures showing net earnings in Decem-
ber have not been announced, it is I'M
derstood in the financial district that
substantial improvement was recorded.
Todays sales in Traction were light
The stock opened at 177s and then ad-
vanced to Is, only 20 shares moving
during the session.
Merganthaler Linotype, which was so
over. opened today with 10 Shares Sell
ing at 267s and closed with 10 shares
going at %.
The rest Of the session was devoted
to bonds. Capital Traction IS sold at
81 and 64A. Washington Railway &
Electric As came out at IS.
Washington Gas SIS, 1860, changed
hands at 104. while the days busi-
ness closed with two 1000 sales in
Potomac Electric Consolidated IS at
104A
Gossip in Financial District.
- Committee of Arrangements of the
New York Stock Exchange is directing
registered firms and individual mem
bers not connected with any firm to
maintain a card index file of all en-
ployes, showing position, resume of
business career, references and photo
graph. This rule was put into effect in
1929 and attention was directed to it
two years later. The present ruling
makes keeping of employees records
mandatory.
Savings deposits in mutual savings
banks in New York State declined SIS
100000 during the last quarter of 1893,
and totaled s5,064 600 900 at the begin
ming Of the year. The number of deposit
orS showed an increase of nearly $4,000
to q total Of 5,766, ,349 A slackening in
the rate Of decline was apparent and
became marked in December. In fact,
the last few days Of December showed
an increase in deposits which has con-
Gnued thus far in 1884.
The Pennsylvania Railroad Co. has
received a Geek for Sc, 6,99O 600, the first
tustallment on S77,000,00O that will be
lent by P. w. A. to complete electrifi-
cation of the Philadelphia
line. This amount will be spent in the
next so days, according to the reauisi-
tion for funds filed by officials of the
company.
The new Treasury issues were being
traded yesterday on a when-issued basis
and quoted 100 2-32a100 4-32 for the
IL per cent certificates and 100 10-32a
100 1892 for the 21s per cent notes.
At these offered prices the yield would
be 1.30 per cent on the certificates and
R.l6 per cent On the notes.