Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-08-06
LOCAL EXCHANGE
SHOWS STRENGTH
Dealings in Popular Issues,
Light, But Occasional Ad-
vances Noted.

Trading on the local stock ex-
change today, while light and re-
stricted to popular issues. reflected
strength. and in some instances i'm =
proved figures.
This was particularly true Of
Washington Gas Light, which sold az
| 80. and Mergenthaler Linotype. which
recovered to 1919 on a sale involving
ten shares. Capital Traction stock
| also was firm at par-and- a-half.
twenty shares changing hands. Riggs
National Bank stock was sought AZ
$40. with none offered, and Railvav.
ibid.
In the bond department c. &. T
Telephone 5s sold to an aggregate
Df $4,000 face value, at 81, and tina
IS of the Capital Traction Compan.
brought the same figure.
Bankers Seek Recreation
Some of the District bankers are
today laying aside business cares for
while. George L. Starkey. vice,
president Of the National Bank Of
Washington, and Mrs Starkey, leave
they viii take in Yellowstone Park,
Salt Lake City, Colorado Springs.
Denver, and other western points
while Joshua Evans jr.. vice presi-
dent of RIGGS. begins "A vacation at
Rehoheth Beach, Robert V. Fleming.
vice president and cashier Of Riggs
| is al Deer Park. Md. for n month.
Big Business in Gas Utilities.
The manufa ctured gas utilities Of
| the country are not only selling the
greatest volume of gas in their his
| tory, but sales of as-burning appIi-
anc"s are showing corresponding in
! creas eS.
According to reports filed with the
American Gas Association more than
s4o,O0o,Qo0 worth of appliances will
! be sold to the public in 1928 by gas
| companies alone, exclusive Of sales
! made by dealers who do not report u
the association. This means that for
/ the 100000 meters in service more
than 81 per meter will be spent this
! year in gas company salesrooms for.
| ranges, water heaters, lighting units.
I room heaters and other appliances. !,
/ To take care Of Unprecedented
| service demands. the associa ton says
! that gas companies are suoce ssfully
| financing = building and expansion,
i.rrogram that will enable them in
! 1929 to add to their service mains
| several thousand industrial shops
/ and plants and about 100000 house :.
| hold customers.
/ Shifting TO Industrial Field.
| The big end of the gas business is
! rapidly shifting to the industrial
| field" the association states. In the
last ten years the total production of
I! gas has increased 100 per cent, while
| during the same period the consump-
j ton Of gas for industrial heating
uses has increased 1000 per cent
The growth of the industrial business
has been particularly pronounced dur
ing the last two years. when coal
strikes and transportation difficulties
have caused thousands OF plants and
shops 70 change from solid fuel 70
gas"
The week begins auspiciously for
local bankers.
Clearing House Body to Meet.
At I o'clock this afternoon ths
Washington Clearing House Associa :
ton will held meeting in its rooms
IN the National Metropolitan Bank
while the entire Bankers Association
VIII gather tonight at SIS at their
| headquarters in the Masonic Temple
| Tor the purpose of deciding upon
| hitting tribute to be paid the memory
| OF Warren G. Harding
AS usual the intent Of the clearing
| nodys meeting has not been revealed.