Evening star., 1926-08-18
FIRM HERE;
EXCHANGE IS LIGHT
Little Activity N Local Stock
Market-capltaI Traction
Goes to l04.

sold on rising market. the last bloch
of 10 shares going at ~.
Mergenthaler was str Nns at 1osa.
and 10 shares Of Lanst on MonotypA
sold at 95. Peoples Drug Store pre-
ferred was higher. 10 sh ares turninE
over 81 105. There were lno transaC
tions in bonds.
Stanley Co. ExpaI Ms.
The Stanley Co of Anne Sca. which
owns and operates IS theaters in this
city. announced today frona It's Phil
adelphia headquarters plane for the
acquisition Of three more ltrominent
motion picture theater chai IS in the
East. This will give the com 1any con
troll OF 119 modern motion picture
theaters. and. according to phe ah
nouncement, will make 1t "theN largest
organization of its kind in tFte East
and one of the most prominent In the
country"
stock will be issued To acquire III"
three additional chains. known ss the
Mark-Strand chain in New Yort. the
Fabian chain in New Jersey and the
ROwlandClark properties pund
Pittsburgh. This action was app oveo
by stockholders recently at a sr Pcia
meeting.
The new subsidiaries are to .he
known as the Stanly- Mark Strand & a,r
poration of New York. the Stanlsy
Fabian Corporation of New Iersey
and the Stanley Rowland. Clark C,u
poration of Pittsburgh.
Crandal Heads Local Unit.
The Stanley -Crandan Go. Of Wash,
ington. which is the local unit of tn" /;
Stanley Co. Of America, is und",
management of Harry NJ. Crandan.
vice president and director general Of
the unit. The president of the local
unit Is Jules MaStba um of Philadel-
phia. who heads the Stanley co. Of
America. The Washington theaters or
the Stanley.Cran Co. include:
Earle. Metropolitan. Tivoli. Ambas-
sador, Central. Savoy. Avenue Grand,
Apollo, York. Colony. Home. Chevy
Chase and Lincoln.
Rapid progress is being made in
preparation of. ClassrOOms for the
Washington Cha pter. American lnsti-
tute of Banking. at their new head
quarters 1878 r street. where the en-.
terprising members will have much
more CommOdious and suitable
quarters for their enlarged activities
Of the coming season.
Three rooms will he availa hle
shortly for opening of the courses in
banking and allied subjects arranged
by the educational committee. and
will provide much more opportunity
for carrying on the work Of the chap
ter. In the former location there We're
only one large and one very small
room. I. Hunton Leith. president of
the chapter, is comforting daily with
committees in sha ping up the program
for the coming year. and expects to
have more announcements of new
activities ready shortly.
Cotton Seed Report.
Cotton seed crushed during the
cotton year which ended July 81
totaled 5.53S.5OS tons. compared with
4,605.227 the previous year. and cotton
seed on hand at mills July 81 totaled
23,516 tons, compared with 32276 n
year ago, the Census Bureau today an.
nounced.
The American Petroleum institute.
estimates that the daily average
gross crude oil production in the
United States for the week ended
August IA was 2162.05O barrels. aS
compared with 2,14l.250 barrels for
the prece6Olg week. an increase Of
| 20.S00 barrels.
On the basis Of incomplete car
iodutHSS IOI tne week en0eQ August
| H. the National Coal A Association esti-
| mates the output of bituminous coal
| tor that week at approxima tely TO-.
800. 900 net tons. This represents
practically complete recovery from
the reduced production Of 10.14O. .00n
tons reported by the Geological sur
vey for the week ended August :
The new issue of $4,000. 900 Havana
Electric Railway Co. per cent
! cumulative preferred has been sold
by a syndicate headed by Speyer d
Co. This follows sale last week of
$o,5OO,OOO 51a per cent gold deben
lures. The financing is in connec-
tiOn with the segregation of the
street railways from the light and
power properties of the Havana
Electric Railway, Light and Power
Co.
Personal Mention.
!. Frank Rice assistant "a ASHER Of
the Lincoln National Bank. has LET,
for vacation motor tour of Virginia
resorts. and will later go to New York
City.
NJ. %. Rosenberg. president of the
Bank of Commerce and Savings. and
Louis Bush, a director Of the institu
ton, are leaving today for vacation I
Atlantic City.
Jacob Scharf. vice president OF the
Second National Bank, is on vacation
at his farm near Washington.
s. r. Baulsir, cashier Of the Security
Savings and Commercial Bank ia
away on vacation motor trip.