Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-16
CAPITAL TRACTION
HOLDS 1O2 LEVEL
Potomac Power Preferred
Sells at 104 5-8-UtiIity
Bonds Are Strong.
BY CHAS. p. SHAEFFER.

IoddyS market on the WaShinSto ton
Stock Exchange was orderly but firm
The so-called popular list alone in
terestcd traders, but sales in the
main. were confined to odd-lot trading
Capital Traction stock held its strong
level of l02 during sales of 80 shares.
with Railway preferred also u'i-
changed at 80 for oddlot sales. Rail
way common, while inactive. was off
to 235 bid" with the security held 5
points higher. Potomac Electric Power
preferred sold at l045s and seems Ger
tain to attain the goal placed for II,
namely. "105 by Christmas.
Interim certificates for this stocE =
brought 1895. Twenty shares OF
Merchants Transfer and Storage
brought 1855. and National Mortgage
and investment preferred was
stronger at 81.
Bond trading was restricted TO
utility issues at strong levels. Capita
Traction 5s sold at 90, with Gas
fractionally higher. Gas 5s sold a
SO. and Railway IS at 79a4 a
sale Of $4,000 telephone 5s of Mir
GINA was made at 97s4.
Record Traffic Explained
Heavy shipments Of grain and grain
products, coal merchandise. miscei.
laneous freight and forest products
are listed by the American RailwaT
Association as reasons for record
freight car loadings totaling 1,020.s73
cars during the week ending DeCent-
Der s.
Asserting that this is the first time
in history that loadings Of revenue
freight has been in excess Of one mil
lion cars after Thanksgiving week"
the association made public these fig
ures:
Coal loadings, 1881 an increase
Of 1852 over the preceding week.
grain and grain products, $3.50. an
advance OF 1888: miscellaneous
freight, 81, 125, a gain Of 1921; meI-
chandise and less than carload lots.
262 ,472. a gain Of 30,320; forest prod
ucts, 70.074. a gain of 4,875. and live
100000 Transferred to Surplus.
Directors of the American Security
and Trust Co. yesterday voted the
transfer of 100000 from undivided
profits to surplus, making the latter
account total $2,700,000. In addition
the regular quarterly dividend of >
per cent was declared on the ca pltat
stock together with an extra of 2 per
cent, DOln pdNdUlc OH JANUARY II.
This institution is on definite annual
basis of Il per cent, but has paid l.
per cent regularly for several years
an extra of ! per cent being disbursed
in the Summer, followed by a year
end per cent extra payment.
Joins Local Brokers.
James Hanson Lemon, formerly
affiliated with the New York Office %
oil p 4 10. T1f ,I-1
local selling force of Irving & John
son, Washington representatives -
the firm.
Address PIeases Bankers.
The Washington banking fraternlty
was given an intellectual treat las
night, when Q. Howard Wolfe, cashiel
of the Philadelphia National BanR
addressed approximately $50 repre-
| sentatives gathered at the seasons il.
/ itial forum dinner, held by the locs
chapter, American Institute of Bank
| ing.
| Mr.. Wolfe is chairman of the com
mlttee on account analysis of the
American Bankers Association. ana
was brought here primarily to discuss
improbable bank accounts and to
suggest remedial measures.
Mr.. Wolfe. by inference. criticized
institutions which carry accounts al
an actual monetary loss, and unre
servedly recommended enactment of a
service charge to eliminate the ills
He wisely refrained, however. from
stating the exact sum to be deducted
from Improbable customers each
month. stating each account should be
treated individually and made to stand
; on its own merits.
The speaker asserted that such
charges do not tend to drive deposit
ors away from the bank, as is the rea-
son advanced by a majority of those
institutions not following the practice
but, conversely, actually stimulates
new business acquired through the
| knowledge that the bank is doing its
| utmost 10 properly protect customers
! interests.
| Other speakers of the evening in
| cluded Francis G. Addison. jr., presi.
! dent Of the District of Columbia Bank
ers' Association; Harold w Burnside
! chairman of the forum committee; Ed
| ward ]. McQuade, president of the
| alumni association of the chapter. and
| r. Jesse CLANCY. president of Wash.
! ington Chapter, American Institute of
/ Banking.