Evening star. [volume], November 13, 1921, Page 38, Image 38

About Evening star. [volume] (Washington, D.C.) 1854-1972

Image provided by: Library of Congress, Washington, DC

                
THREE TO BE ELECTED
TO "It HIT
American. Academy of Art* and
Letters Will Make Elevations
f. November 18.
NEW YORK, November 15.?Thr#?
more Americans distinguished in art
or letters will join the "immortal
iifty" on Friday, November 18, when,
it is announced, the elevations will
bo made at the annual meeting of the
American Academy of Arts and Let
ters to be held in connection with a
two-day academy celebration joined
in by Columbia University and In
which Marshal Poch for the only time
(luring his visit to this country will
relegate to the background his sol
dier identity and occupy the role of
French Academician.
The election of the three new mem
bers, Prof. Brander Matthews of Co
lumbia University, chancellor th#
academy, stated would be held at 11
a.m. in the academy building, 15
"West 81st street. The chairs to be
filled, he said, are those of John Bur
roughs, who died March 29. ItSl;
Abbott Henderson Thayer, who died
May 29, 1921. and Barrett Wendell,
who died February 8, 1921.
Xattbaal Ev?t.
The election will b? a national
event in American art and letters,
for It and the attendant ceremonies
will bring to New Tork members of
the National Inntitute of Art* and
Letters. 260 In number, frem whom
the "immortals" of the academy are
chosen. , The institute. It was ex
plained, may be regarded as a house
of representatives, front whose per
sonnel the academy Is made up. The
academy acts as a national literary
and artistic council, which, as described
yesterday by President Nicholas
Murray Butler of Columbia Univer
sity, "makes and protects standards
in American art aad leiUn."
Brander Matthew a, la a statement
yesterday, said that the coining cele
bration would maka an epoch in the
development of cultural standards in
this country. Prof. Matthew* who
graduated from Columbia ftftr years
ago and who now holds the chair of
dramatic literature in that wlverslty,
toit! of the aendeiny's beginning* with
Howells. Twain. Stsdman and other*
as a nucleus.
Owen Wister, author, supplemented
the statement of Prof. MaitSewa, as
serting that the tolhwc* of the
French Academy Is accountable in
part for the superiority mi French
over American writer*.
TnestHHt Vein HWMty.
Twenty-si* votes will be aeeosesry
for election at nasi PHday** meetisg
In this city. N<iietaetian* are ?e?
being carefully sjtd l*dtvi4??Jly con
sidered hy the member* ta their home*
in different parts af the country.
The vacanclaa will lie Hiked by elec
tion from th* National Institute of
Arts and Letter*. Thar* la, therefore,
it was explained by the afltoiala of
th* academy, a double teat?aelertien
by fellow workers to the Institute
and selection by follow worker* in the
academy. Both th* academy and the
institute now mist under a eharter
of the federal government. At the
corner stone laying on November It a
CHURCH SERVICE BY WIRELESS
FOR BALTIMORE STA Y-A T*HOMES
Special Dispatch to Hie Star.
BALTIMORE. November 12.?
When the mountain wouldr.'t come
to Mohammed, Mohammed went
to the mountain. Fourteen hun
dred year* later, when the people
won't ire te church, the church
will come to the people.
Beginning tomorrow and con*
tinuln* th-oughont the winter the
Sunday "stay at homes" in Balti
more will be able to ait in their
own houses and hear not only
the sermons preached in the
churohea of the city, but the music
aa well. There is only one re
quisite. that thsre be a wireless
receiving set la the house.
The Maryland Radio Association,
a local organisation of amateur
message from President Harding will
Iw rttd
Jt is tha purpose ef the academy.
It was stated, to raise endowment
toads to help worthy men and oven
tually to stimulate real achievement
by a series of prises and awards.
At present the academy has the Wil
liam Dean Howell* fund of ! 1,446 as
an annual prise.
Another feature of the academy's
work will be lecture* by aaholars
from leading colleges and universi
ties Thousands or Invitations have
been iasued by the academy for the
events ef nest week, and' acceptance*
arc being received dally from authors,
writera and ststesmen on both sides
of the Atlantic.
wireless operators, hag arranged
with a number of pastors to preach
to the entire city through their
apparetat. The uermons by a dif
ferent patter eich Sunday will
be Miit out freoi an experimental
station. There a-a 1.00# radio re
ceiver stations la Baltimore, all
of which nay readily hear the
sermon. Four or ftve receiving
seta may be uh<* at each station.
Previous to the sermon. the
saered music will be tent out from
another experimental station.
Y.M.C.A. ?LOBBY' CONCERT
Spanish folk tasifa Will Feature
Inat Tomorrow.
The "lobby" cohosh* ? the Y. M.
C. A. tomorrow evening, to which
the genera! public It Invited, is to be
featured with Spanish folk songs by
Miss Entrella Ami ne and character
| sonca by Mlsa Dorothy Cats*. Others
who wiU take part In the program
arc Mr* Harry ftfcatklttt. Miss Ester
Cloyd, Miss Aim Traver, Miss M. Q.
Davis. Miaa nwroea Llnfoot, Miss
Klisabeth Barkman, Mrs. Gates and
Conner Porter.
Wednesday even la* an Illustrated
leoture will be (<ven under the aus
pices Of the social department, the
subject to be "Careda. the Keyatone
of the British Bmnire." The lecture
will bo Illustrated and will be given
by Mra. Ada Brown Talbot,
COTTON MARKET REVIEW.
NEW YORK, November 12.?There
was a renewal of the Belling' mo?K
men* which was started by the publi
cation of the unexpectedly heavy
ginning returns last Wednesday, and
the cotton market showed continued
weakness. All months sold Into new
low ground for the movement, with
January breaking to 11.08, or more
than 2 centa par pound below ;h?
price prevailing just before the oon
sua report, and 8*7 boints below the
high record of last September. Clos
ing price* were the lowest of the day.
with the market easy at a net decline
of 30 to 84 points.
Selling on the increased estimates
of the crop was encouraged fty the i
weakness of Liverpool over yester
day's local adjournment and rather
loss favorable reports from the goods
trade. The opening was easy at a
decline of 2 to 28 point*.
Talk of a better feeling in the stnei;
and grain markets had no apparent j
influence, and bearish sentiment w?s I
evidently encouraged by reports of j
increased southern hedging, whie'?
created an Impression in some quar
ters that holders of spot cotton ware
becoming less confident. London
press advices said that Oldham spin
ners had decided against recommend
ing organised short time, but would
ask the Master Spinners' Federation
to call a meeting to consider the
position of the industry. According;
to Manchester cables about 3S per
cent of the spinners and to per oont
of the looms In Lancashire are now
Idle. The threatened strike of gar
ment workers locally, probably bid
an unsettling Influence.
NEW ORLEANS. November 11.?
Tht> selling movement in cotton con
tinued today, with the heaviest pres
sure in the last few minutes ot th^
session, so that the cloee was &t the
lowost at net losses of 45 to ST point*
FREE
Your Ch^to* of Tkla
42-IMfft Set of
DINNERWARE
With r*ery purrhaae ?#
9KM) or more, or the net of
Silverware.
THE MAXWELL FURNITURE COMPANY 415-17 Seventh Street N.W.
SPECIAL VALUES
Must Make Room for Toyland
For this one week only, exceptionally low prices as well as easy terms will be
the outstanding feature of this mammoth sale.
Many more values like the ones mentioned below are awaiting your inspection.
We welcome comparison.
FREE
Yotir Choice of Thin
20-pleee Set of
WILLIAM A. ROGERS
SILVERWARE
With every purchase of
$100 or more, or the ?et of
Ulnnerware.
Maxwell's Special
Wash Basket
4-Piece Imitation Circassian Walnut
98c
Bedroom Suite, Special
A stylish, handeomely flniahed Suite, in the Queen Ann* period,
consisting of a Chifforette with specially arranged Interior, full die
Bed, triplicate mlrrer Dressing Table and a large Dresser with plate
This large Willow Wash Basket.
Special price, Stic.
mirror. Buy this splendid suite now?have the use of it in your home
while you pay for it as convenient.
SIS Cask?12.50 Weekly.
?13ft
50
14-Pound Turkey Roaster
$1.49
It wilt eaaily hoW ? 14?lb. turkey and leave euough
room for potatoes. It is oval and seamless, no corners,
no seams or crevices to catch the grease. The indented
concave cover makes it self-basting, a* the steam goes
to the top. condenses snd falls over the roast, basting
It. This roaster will lit any over from size 16 up.
Three-Piece Cane Living Room Suite
$149.50
This handsome suite as illustrated is in the
Queen Anne period, and the backs and sides are
of woven cane, durable and very strongly con
strue'ed. hut very comfortable. This suite will be
an unending source of pleasure to you and your
friends.
916.50 Cask I *3 Weekly
Colonial Oak Buffet
$22.75
Our entire stock of Colonial
Oak Buffets ta greatly reduc
ed. The one pictured above
i?* one of the leading speeiala
and has a Freaeh plate mir
ror. and with its two large
cupboards, linen and two
smaller drawers, is just what
you want.
92 Caahf $1 Weekly.
Kitchen Cabinets
$34.75
This Modern Kitchen Cabinet
has porcelain adjustable table
top and all latest Improve
ments. Top interior is of
white enamel.
S3 Cask and SI Weakly
This Adam Period Mahogany
Dining Room Set
$129.50
64-inch buffet, with beautiful mirror top;
large china closet ami 48*lnoh ?xtanaioii table.
Can be had in mahogany only- (Like pictured).
?IS Cask, ea.se Weekly.
Six Glasses and a Pitcher
(Like pictured.)
This 1 ?-Piece "Queen Anne"
Walnut Dining
Room Suite at
A VUm Absolutely Unparalleled at This Bit Saving
Nft* the gratefulness of the design?but you really mast mm the
nit* to Judge the largeness Of the pieces and quality. This suite eon
?let* of e slx-ltff extension.table, buffet, china closet, tea. wagen, In
aide chairs and one armchair, covered in genuine blue leather.
$20 Cash; $3?0 Weekly
Three-Piece Tapestry . . ^
or Velour Overstuffed ^ 1 QQ CA
Suites ...?Pl6i/eUU
This handeome suite aa illustrated la a wei.
coma addition to any one's llvine room with Its
large roll arma and full spring backs and cushions.
Can be had in either tapeatry or blue velour. Con
slats of chair, rocker and 72-inch davenport.
SIS Cask. SMW Weekly.
Large Golden Oak
Table,
$14.75
(Menial style la aoMd
eak. floiihed la loaf
wterlav toldea color:
top extends te full
leeftb and haa extra
leaves; kandaomely de
signed as pictured.
St Cask, st Weekly
Solid Oak Glass Door China
Cabinet
$24.50
Our estlie line ef China Oabiaete is
epeeUlly .reduced for tila aale. Tke
eae pictured above la a f lane-door cabi
net with double thiekneea flaaa, and
la liaadaoaely poliabed in foldea eak.
S3 Cash. St Weekly
9-Piece Colonial Period
Dining Room Suite
\
$98
Wa are ?Serine tbes* Colonial Period Suites at
the leweat price eueh splendid vaiuee have ?nr
59c
offered for. Massively constructed with th?
8seat of- cabinet work throughout and beautifully
nlshed |n l?ag-wearlng golden oak. Thle suite
ooneleta of large Buffet, glass-door Chin* Cabinet
s-feot Extension Table end six genuine leather
seated Chairs.
?)? Cask" sa Weekly.
Coal Bucket and
Shovel
Tou stay purchase these six
pitcher at this unusual low price. Thw a
of pure w&Me prase glass and are of flrat fWltty.
49c
Thla CM) Bucket to a
alee torn sis* and ta.
ease
Cumulative Signs Given of
Sound Investment De
mand?Market Features.
NEW YORK, November II.?With
trading on the stock exchange reduc
ed to little more than three full ses
sions because of the two holiday*. In
terest this week shifted to the broad
er field of tlnance, commerce and In
dustry.
The Inquiry for high-grade secur
ities which attended the recent fall
In money rates lost much of Its Im
petus, but the speedy sale of many
new underwritlngs offered cumula
tive signs of * sound investment de
mand.
Eliminating the oils and equip
ments. which dwarfed ail other is
sues In strength and speculative im
portance. the stock market presented
lew features of interest Rails were
Irregular at best, becoming heavy in
spots when it developed that the
leading eastern and western rail
ways had joined forces to cut wages.
The recovery In the prloe of oils
and by-products was the most con
structive feature of the week. Do
mestic shares probably owed their
strength in large part to recurrent
rumors of salt water In the Mexican
fltld* and general dissatisfaction with
conditions across the Rio Grande.
In the Industrial situation the most
|significant event was the large de
crease In bookings reported by the
!United States Steel Corporation for
October. This was the mora disap
pointing because the previous month's
slight gain In tonnage, the first In
more than a year, had encouraged
hopes of a turn for the batter.
The disarmament conference was
the subject of discussion In high
financial quarters, chiefly because of
of the conviotion that It will bear, In
directly at least, on the large for
eign debta to this country. An
nouncement that the British govern
mnet has arranged to make monthly
Interest payments of her obligations
gave rise to Intimations that France
and some of the other allied nations
may soon make known their attitude
in this same connection.
It Is pointed out by International
bankers, however, that the ability of
the continental countries to meet
their payments to the United States
rests largely on the outcome of af
fairs in Germany. Further decline
of the mark to a level bespeaking
economic paralysis was viewed with
greater apprehension, especially in
London and Parts.
NEW YOKE BANK STATEMENT.
NEW YORK, November 13 ?The ac
tual condition of clearing house banks
and trust companies for the week
shows that they hold $35,133,750 re
serve in excess of legal requirements.
This is an Increase of $22,141,800 from
ja>st
The statement follows?Actual con
dition :
Loans, discounts, etc^ $4,392,891,000;
decrease, $22,189,000.
Cash in own vaults: Members fed
eral reserve bank, $75,632,000; in
crease, $6,004,000.
Reserve in federal reserve bank or
member banks, $518,846,000; increase,
$23,130,000. ? * ,
Reserve in own vaults: Stat? banks
and trust companies. $8,994,000; in
crease, $188,000.
Reserve in depositaries, state banks
I and trust companies, $8,710,000; in
! crease, $145,000.
I Net <lerr*n<1 deposits, $3,789,211.000l
increase. $9,354,000. United States de
I posits deducted. $89,348,000.
Timo deposits. *324,116,000; Increase.
I $1,741,000.
Circulation. $33,701,000: decrease,
i $81,000.
' Aggregate reserve, $536,550,000.
Excess reserve, $35,123,750; increase,
1 $22,141,800. , ,
Summary of state banks and trust
companies In Greater New York, not
included in clearing house statement:
Loans, discount!, etc., $630,824,300;
decrease. $264,800.
Gold. $4,913,000; decrease. $17,400.
Currency and bank notes. $17,8.4.
200; Increase, $1,305,300.
Deposits with Federal Reserve
Bank, New York, $52,208,700; de
crease, $808,000.
Total deposits, $661,979,400; Increase.
$3,454,000.
Eliminating amounts due from re
serve depositaries and other banks
and trust companies in New York city
and United States:
Deposits. $414,701,500; decrease,,
' Banks: Cash in vaults. $24,971,700.
Trust companies: Cash In vaults,
$47,974,100.
BALTIMORE PR0DTJCE.
BALTIMORE. Md., November 12
(Special).?With the approach of the
Thanksgiving holiday Inquiry is noted
for dressed poultry, especially turkeys,
and, with favorable weather, shipments
are advisable. Choice fancy turkeys
will bring 42 and 43 cents a pound;
fair to good and old toms, 3$ to 40.
Cholc* young chickens are quoted at 26
to 34; old and mixed, 25 to 27. and old
rooster*. 17 and 18. Ducks, 25 to 38.
and geese. 35 to *0.
Receipts of live turkeys are only mod
orate and with the demand increasing
more liberal shipments of fat stock are
advisable, but small, poor, thin birds are
not wanted. Young and old turkeys, S
pounds and over, will sell at 40 oents a
pound, but poor and crooked breasts are
slow sale, at 32 and 33. The market for
other live poultry is quiet and easy,
which Is usual with the opening of the
rabbit season.
Large, smooth, young chickens are in
ample receipt under a fair demand at
25 and 26 cents a pound, but rough and
thin birds are not wanted at 20 to 22.
while Leghorns are slow _sale at
3$ and 24; fat old hen*, steady, at 23
to 26. but small and white Leghorns,
easy, at 20 to 33; old roosters. In am
ple cupply. at IS and 14. Duck re
oelpts, light, and good fat stock will
sell at 3* to 27, but small, poor stock
neglected at *0. Native and n?arby
geese. In good demand, at 34 to 80.
Ptreons, In good request and Arm, at
as to 40 a pair. Guinea fowl, steady
and in good demand, at SO to >0 cants
each, for young, and 40 for old.
The market has been practically bare
of strictly fresh native and nearby
eggs the past week and while the mar
ket was quoted at 60 oents a dosen
most of the time and dosed at 41a43,
this prloe is purely nominal, aa what
few eggs are arriving are being sold
In a Jobbing way at a premium over
quotations, as high aa 8 onto ia idooen.
The market Is boing supplied with west
ern stock at 55 and 88 and oold storage
eggs at 84 oents.
The potato market is a shade nrmer
there being more activity noted, with
receipts running modsrate. Maryland
and Virginia McCormioks are quoted
at 178 to 2.00 per 100 pounds, while
other varieties will bring 2.00 to 2.25.
No t potatoes from all sections are
mora irtlve at l.OOal.38. but No. 3s
are hard to move and of unoertaln
value. Sweets and yama In lighter
receipts and selling better at 2.50 to
3.60 a barrel, with culls to No. 2s
bringing 1M to 1.71; bushel stock
selling mostly 78 to l.iV>
Native and nearby truck playing out
and values mar# or less nominal in
prtoa under a fairly good movement,
String beans, 1.00 to M0 bushel; boat*
and carrots, 3x4 a bunch; broooll, 3Sa
30 a bushel; cauliflower, 4.00a8.00 %
I barrel; horseradish. 8.80a^.00 a bushel I
i lima beans, S.OOaSJO a buohel; oyster
plants, 6a7 a bunch; paronipo and
spinach, 75a85 a bushel; pumpkins ?a
12 each; savoy cabbage, 50 to 40 a
bushel; turnips. ?0to *-00?
1 Onions are Arm and In good demand
j at 5-00 to 5.50 per 100 pounds, and 1.00
to 3.50 for No. 3a
Apple receipts are running lighter
and the market rules firm with values
steady at 6.00 to 8.00 per barrel for
packed stock, and 4.00 to S.00 for No.
2?T Bushel stock sells at 1.50 to 3.50
and loose, unpacked, 2.00 to 2.60 per
1 Be?"pt?%f rabbits sofar have been
very light and stook arriving tn good
orter Sur mat with ready sale at 8.0ft
to 4.00 a dozen for choioenearby, and
? oo to 3.40 tor lair to good.
fiFSSKS
Monday tHe tUrt fbr Hn, and Tuesday
the 22d for dressed stock.
BUSINESS CONTINUES TO GAIN
" IN CONFIDENCE AND IMPETUS
Wall Street Encouraged?Clearings Show
Activity?Washington Sharing in Im
provement?Stocks and Bonds at HigK.
BY L A. PL1VIIIO.
Each passing week mark* a step
forward In the growing and Increas
Ins confidence ot American business
that the worst has been left far be.
hind and that from this_tlme on de?
velopments will make for recovery,
meeting setbacks now and then ??
beat we may and avoiding the error*
of tha past.
This measure of progress Is mainly
In the development of the great home
market the while we wait for the ?a.
ttons of Europe to get In line with
better conditions, if possible.
During October the clearing* of the
entire country. IM.MMIT.OM. were
the largest of any month since
March, mi. although smaller than
for any October since 1117.
Washington showed a ?t0,000,000
gain In clearings for October as com
pared with September, an Incresae
that may or mey not be followed b>
a like improvement in the November
total. Dally clearings are averaging
from $3,000,060 to $I,M7.000. making
the early days of last week as the
'"?That there will be a gain over No
vember clearings goes w?U?oMt say.
Ing. 81* of the first eight business
day* of the month showed gains of
ever $1,000,000 and two were ?????*
ed with alight decrease*. The chanCM
favor an lncrea** of more tban l*.
?00,000 for the month over the 1gur?"
for October, which in turn were
000.900 over September. ^ .. .
December will be the blgr wnowth bf
the year In buslne** I*
Our foreign guests will be here
throughout the month, the fdded
winter populaton of the capital win
be on hand, entertaining will re*^h
seasonable activities and thousands
of Americans will visit the capital to
witness the sessions of the conxer
'"savings of $1,234,000 from, Christ
mas savings funds accumulated in
seven institutions can be counted on
to accentuate the buying season, this
large sum being greatly in excess of,
I the accumulation for the same pur
!pose a year ago. 1
It is likely that every bank Partici
pating in the accumulation w;ili im
mediately start a plan for next year s
fur.d. and that some other banking
(Institutions, induced by the success
of this year's efforts, will add this
feature to their regular btislness.^
This has been a profitable ?j"8'"??'*
year, especially for those bankers
who were wise enough to invest in
Treasury certificates of the various
issues as they came along. Decem
ber 15 of last year a 6 per cent ?cer
tificate issue was put out, maturing De
cember 15 this year. Late"* came the
5% per cent, then the 5H per cent
any of which could be uBed for the
employment of savings to good ad
V&itt?has been estimated that Christ
mas saving, putting in bank a. stated
sum each we?k, win re*ult in 10
per cent of the fund remaining in
the savings department of the col
lecting bank*. If correct, this would
I add considerably to the more or less
T permanent savings deposits, if tne>
can so be termed. .
Some tanks abandoned the savin its
club last year for the reason that
they did not have the required room
to handle the business. The Mer
chants' Bank, which leads all others
with $400,000 in its fund, claims that
it could easily have taken in a mil
lion dollars, but that lack of space
forced an early closing of the list*.
Wall Street ChertaL
Wall street, long a gloomy vale.an
abys* of doubt and, discouragement,
has shaken off its lethargy and has
been showing a stiff upper lip for
sixty days now, maintaining a inn
front day after day. taking realising
sales with persistency the while
prices are slowly improving.
Wall street recognises th* fact that
the railroads are not out of the
woods, despite the urge of some rail
magnates that rail officials look to
Increasing equipment and getting
ready for increased bu*lne?* rather
than to wage cuts.
It knows that our foreign trade
cannot oome baok ftflly for year* to
come, and yet it Is favorably In
cllned to securities, because it be
lieves in the recovered and increas*
inr Prosperity of the United States.
In no section of business J*as the
response been as good as in the pond
m After weeks of activity U7.1M.000
bonds of new Issues were offered during
the week ended yesterday and taken
almost without exception before the
completion of the day on which they
were offered. Industrial bonds have
been put out to yield tli to I per
CPubllo utilities' bonds hare been
marketed to yield 6* per cent. with
state and municipal Issue* yielding
4.(5 to 5.50 per oent.
There Is a rea*on for tha activity in
bonds. Investor* are more than anx
loua to get their money placed that
the# may reap some of higher rate*
before the glut of cash, which Is ex
pected to develop with the new year
and which has been evidenced In the
drop of interest rates on Treasury
certificates from ? P?r cent to
per cent, reduce* rate* generally to
a basis where the returns will be
much less remunerative.
It la even predicted that J to 4 per
cent money will go a-begglng unless
the demands of Business should in
w. tb ak"rt ?uch
Washington securities h?vs partici
pated in the activity and strength
shown ?iMwhtre in securities.
Attention to (bo table of tmwe
tien* for the yiv published else
where shows that practically every
thlnr in the Industrial llat. stocks
and bonds. la grinding on tho top
prloes of tho roar to data.
Capital Traction stock at NK is
at Ifa top point. Washington Oas at
M la also high and Railway pre
ferred la hut K from lu yeart rec
#r4?
During tho last wsak Kargaa thaler
movsd up sharply to Ita high of the
rear, on a vary limited rooord or
transactions, soiling ta Jit*, aa
airalnet j?o. aa an anrif* for the
greater part of tho rtin So far ae
public Infomwtlon ta ooanarnsd. no
re?aon for tho bottermont waa fiven.
uan*ton. on the contrary, la nut a
point or two abovo tho low of the
year to data, which may ba paid to
represent some little unwarranted
disappointment that the directors did
5?1, nt to distribute an extra
?))v!3e?5 J11 ,h,i tiw*i tho rsgulsr
, dividend being declared. At tho pres
ent time Lanaton returna over I per
j cent on the price. Tj; has no bonded
; 2*bA la said to be prosperous. The
I feeling that there would bo an eatra
I p'yldend crops up aaoh year about
I thla time and usually fade* away a
I day or two later.
I" the bond section ovary local
utility bond la pegged Just about the
top. Last week lll.m of the ro
tomao Refunding ta ware marketed
on change. nearly all at the top
Pftoe. It I. Thla laaua seams to be
nigh there for the present, giving an
income to tho buyer of about t.TS per
cent interest Further ease ill money,
a lowering of rates, will probablv
I cause further advances in this and
other bond issues, all of which are
near the beat of the year.
Matter* for CowaMeratlra.
During the present week the exec
utixe council of the District Bankers
Association will meet.
The matter of savings in school*
and of an educational campaign un
dertaken at the request of the Amer
ican Bankers' Association, is being
discussed by a committee of the local
association, in the furtherance of this
educational and thrift plan.
Under the most propitious circum
stances the banks of the city would
not, could not. show any results from
this thrift education for a number of
years that would compensate for the
effort. This work is being pushed in
all large cities, with intent to mutual
benefit in later years. Immediate re
sults would, at best, he nil.
Many of the leading bank officials
have prepared talks on financial
topics in the simplest language for
school pupils.
WaceUaaeoas Matters.
Tomorrow directors of the Rlgga
National Bank will be told that in
terests identified with tholr institu
tion have acquired a controlling in
terest in the Hamilton Savings Bank.
It Is within the possibilities that
there may bo some cbanni In the
personnel of bank officials of pro
posed banks during the week.
Every one Is Interested in the re
port of the committee of the Clear
ing House Association In the matter
of the application of the Washing
ton Loan and Trust Company to the
association. ,
Over 1,000 Members.
Washington Chapter. A. I. B.. now
has 1,000 member* on Its list. 1. C.
Dulln. chairman of the committee on
increased membership. " report* 200
additional members as a result of tbo
latest drive.
Many of these are sustaining mem
bers, who have Joined that they may
help tho work of disseminating bank
ing and financial education.
Floyd E. Davis, president of the
Linooln National Bank, who recently
offered lit and ISO to clerk* and em
ploye* of his Institution who would
complete the elementary and ad
vanood courses, has be* nhighly com
mended uy botn senior and Junior
banker* for his interest in his em
ployes and in the training of the
institute.
profiTas mark drops.
Finnish Merchants, Buying on
Tim*, Pay Germans Loss tor Goods.
9j cable to The SUr ?<* rhtmge Daily Newt.
Oopjriffht, mi.
HEL8INGFORS, Finland. November >
18.?The phenomenal decrease in tho
value of the German mark means a
saving for tbo Finnish merchants
who in the course of tho past year
bought heavily In Germany and are
now making payments. Fraetically
all order* placed by Finland with Ger
man manufacturer* are on a time
basis and payable tn German marks.
By buying mark*,at tho present rate
hundred* of merchants are able tn
liquidate their debts at a discount
ranging from BO to 75 per cent.
Unlike the Scandinavian business
men the commercial element in Fin
land has not speculated In marks,
but has bought only enough to make
actual payments . Now tbey can psy
In mark* bought at the lowest quota
tion.
The Year 1921 to Date on the Washington
Stock Exchange.
?<kTW. & HIM? * D*. Tilth* MMtafr
Vm trn Friday. ??w*w *2, ???
Sale*. BONDS. Open.
*11,900?Ana. na Potomac River It It M>m> M
13.000?C. and P. Telephone let Sa 90
272,000?Capital Traction 1st 6? 8*14
8,000?City and Suburban By. l?t 5c 62
71,000?Georgetown Gas Light 1st 6e 70
24,000?Metropolitan R. R. lit 5* ?>
48,000?Pot. Klec. Power lit 6* II
*44,000?Pot. Klec. Power cons. 79
55,000?Pot. Blec, Power deb. 4* ??
182,400?Pot. Blec. Power Ken. (a *1
89,700?Pot, Blec. Power g*n. mort. 7* 100
I 2,000?Wash.. Alex, and Mt. Ver. U 40
1(5,200?Wash. Gas Light gen. 5e 72
870,000?Wash. Ry. and Klec. eons. 4*. 57*
| 115,500?Wash. Ry. and Bleo. gsn. ?? 90
174,600?Wash. Gas 7H* 10014
6,000?Riggs Realty (long) 5s 88
1,000?Riggs Realty (short) 5s 94
j 100?D. C. 8,65s ?#
Shares. STOCKS.
4,117?Capital Traction
2,610?Washington Gas >8
2?N. and W. Steamboat 180
1,<22?Wash. Ry. and Blec. com 2114
2,455?Wash. Ry. and Blec, pfd...?.????????? H
224?Waeb.-Va. Ry* com.....?????#???????? I
20?Wash.-Va. Ry. p(d>.II
60?Commercial Hat. Bank,........ ...... llt%
20?District Nat. Bank.................. i4t"
27?Partners and Mechanic** Nat Bank... 240
87?Federal National Bank HI*
??Liberty National Bank in
1*9?Nat. Bank of Wash lit
???Nat. Metropolitan Bank....'.... Ut
22?Riggs Nat Bank 410
12 ,-6?cond Nat Bank.24ft
121?Amer. Security and Trust 225
111?Continental Trait 100
140?National sav. * Trust 260
170?Union Trust 12014
80?Wash. Lean and Trust 245
2?Bast Wash. Savings Bank Hit
10?Merchants' Bank Ill
60?Sec. Sav. and Com. Bank 19*
17?Union Saving* 112
I?Wash. Mechanics' 25
40?Corcoran Fire Insuranoe .. 25
76?Firemen's Fire Insurance.... 20
6?National Union Fire Insuranoe 7
440?Columbia Title Insurance.6
22?Real Bstat* Title Insuranoa.......V. 17
H10-10?Columbia Graphophone com 9
410-20?Columbia Graphophone com........ ? 12*4 l? 12
1.211?? Merfenthaler Lino type IB 12714 UT 127 V.
100?Old Datoh Market pfd................ f T f ? T
1,226?Lanaton Monotype ? n% Tl ft
5?Security Storage Co fit fit . fit fit
142?Washington Market II 11 ? it