Evening star., 1925-11-09
OFFICERS TO NAME !.
RIGGS BANK HEAD,
R. V. Fleming Only Man Being
Mentioned-RaiIWay
Common at 225.

The board of directors Of the Riggs
National Bank will meet this after
noon with the important task before
them Of choosing a successor to the
late Milton E. Allies as president of the
bank.
While no official statement has been
authorized on the part of the banks
officials. it is generally understood in
well informed circles that Robert y
Fleming, the present cashier, will be
elevated to the presidency
This will necessitate further action
on the part of the board of directors
of naming a man to fill Mr.. Fleming
office. .. No authorized statement has
been made by the board or it's repre-
SentatiVes< as to whether this action
will come this afternoon, nor has the
name Of Mr.. Fleming's probable sue
cessor as cashier been made public
pending the boards meeting
Railway Common Reaches 225.
Today's session of the Washington
Stock Exchange was interesting
Railway and Electro
sold up to 225. The preferred
reached S9l2. The new Potomac Elec-
trio Power preferred certificates We're
up TO 1898. Trading in many otheg
issues was also active
Heads B. & o. Celebration.
Announcement is made of the s4p-
pointment of Edward Hungerford as
centenary director of the Baltimore
and Ohio Railroad Company. This ap-
pointment is in anticipation of the ap-
preaching centennial of the companv
in 1927, which viii be marked with
appropriate exercises.
The director will have general
oh -
undertaken by the company in co
operation with the commission al
pointed by the Governor of the State
of Maryland, looking to beftting
recognition of this historical event.
Bond Prices Advance.
The New York Trust Company's in
dex of security prices shows an in
crease of IA points in bond prices be
tween September 80 and October 81.
covering sc bonds. Prices of stocks
covering 1l3 issues averaged 5.T4
points higher. All classes of stocks
ping and sugar stocks. Motor stocks
made gains of 1915 points.
Dun's Reports Fine Trade.
An examination of the weeks prog
ress was decidedly encourag ging. After
the favorable dividends in October.
said Dun'S Review, a new month has
opened with a further acceleration of
business activity. The forward move
ment has been steadily gaining mo
mentum, Is reports and statistics have
demonstrated, and the sustained and
orderly advance has strengthened
sentiment throughout the country.
Expectations of record holiday trade.
for which preparations are now being
made, are practically general, while
the fourth quarters results in various
lines of manufacture promise TO he
unusually satisfactory.
Railroad Earnings Climb.
Earnings of class l railroads in the
United States for September are re
ported by the Bureau of Railway Eco
nomics at $I34.5S4 ,916, while for the
first nine months of the year they
S679 ,445,117 in the same period of
1924.
The bureau, which is maintained by
the carriers, estimated that the Sep
tember earnings represented a return
rate of SAP per cent per annum on the
property investment total claimed by
the companies. For the nine months
the earning rate was figured at At
per cent upon the roads property in
vestment figures.
New Rails to Cut Expenses.
Railroads hope to save as much as
16 per cent of their present eXpendi-
lures on track maintenance and
further smooth the way for travellers
by lengthening the standard rail from
33 to SO feet.
The lengthening of the rail has been
under consideration for some time,
and has now been adopted as stand
ard. 1t will be effected gradually in
the process of replacing railroad
structures.
Nearly so per cent of track main
tenance expenditure is made at the
junction of rails, the association says,
and the new length will reduce the
number of joints about 16 per cent
Also there will be that many less jolts
as car wheels sweep the joints, re-
sulting in less wear on the rolling
stock and less jolting of passengers.
SETBACK In WHEAT