Evening star., 1926-04-07
TOURIST BUSINESS
OPENS WITH RUSH
Sightseeing Firms Reaping :.
Annual Harvest From
Spring Visitors.
BY EDWARD c. STONE.

ashington's Summer tourist busi-
nest has started off with a rush:
The Easter crowds have filled prac-
ticaily every hotel In the Capital and
the sightseeing managers report large
increase In their receipts. They are
taking back large numbers OF men
always laid off during the Winter sea
son ana are expecting record traffic
on the busses during the next few
weeks
railroad station and tourist camp
arrivals show an unmistakable upward
trend and the retail stores are enjov-
ing a better demand for goods. espe
clally for souvenirs.
1raff1c on the street cars has shown
a decided jump during the past few
days. MotOrmen have sold out all
the1r tokens several times in one day
Unexpected purchases OF $40 worth
at a time for touring parties has
often taken their complete supply be
fore they could get to the carbarns To
load up more
IL Is expected that the increase I'm
business VIII be reflected in the bank.
clearlngs for ths month. While the
big commercial accounts are the main
FACTOR in check clearings, yet the tour
ist business is always felt. II was esti.
mated that the National Educational
Association members left $3.50. 900 dur.
ing their stay in the Capital one week
Today's Trading on Exchange.
Trading on the Washington Stock
Exchange today showed comparative
ly few changes from yesterday Capt
tai Traction gained a quarter of a
point. 1t opened on a 10-share lot sale .
at 106, and advanced on A similar "a Ia
TO 1861. The most active stock on
the board was Washington Gas Light.
which opened at SO and rose to 6912
on hve more transa ctions involving 80
shares of the stock.
Potomac Electric Power preferred
recorded 1862 on one sale, and Poto.
mac Electric Power preferred interim
certificates brought 1051s Ten more
shares of Continental Trust Co. stock
changed hands at par. Fifty shares
of National Mortgage and Investment
preferred sold at So. while Lanston
Monotype opened at S17s and went w
to 81, both sales being small.
In the bond division Capital Trac-
tlon os opened at par and then rose to
1909 and then to l0012 on a So 500
block. Potomac Electric Power ger.
eral and refunding IS registered 1868,
on two transa ctions.
Sanitary Bond Bids TO BE Opened.
The Washington Suburban Sanitary
District Commission will open bids
late this afternoon at the commits
sion's offices in the Evans Building.
1920 New York avenue. on a $500
600 bond issue. The proceeds from the
sale are to be used to extend water
mains and sewer systems in the ter
rltory surrounding the city. which
comes under the jurisdiction of this
commission.
The bonds are by law exempt from
taxation in Maryland and have the
same exemption from the United
states income taxes and other taNc-
as any State or municipal bonds
This issue already has been approve
by the Public Service Commission %
Maryland, as required by law
S6S.000, 900 Reported Unclaimed.
According to recent reports Nh"
United States Treasury is holding s6S.
600. 900 in unclaimed funds The Trea s.
ury has $4,000. 900 with which 10
make payments on overdue coupons
1t also has more than eighteen mil
lion dollars with which to pay for Sc
curities, which have become due and
no longer bear interest. but which in
Bankers and investment brokers
suggest that holders Of any such Sc
curities. which are no longer paying
interest and which should he turned
into cash at once. would do well to
have them looked over by experts and
by doing so avoid further losses. Al
the same time the bankers will make
any collections that may be desired.
Rank Officials FiIicifated
Officials of the Security Savings and
Commercial Bank were receiving con
gratulations today on the occasion of
the banks thirteenth anniversary.
The institution began business on
April IS, 1918. The board of directors
recently recommended an increase in
capital stock from 5000 900 to $500. .00O
and also added five new directors.
making the board now number Is.
The bank is under the direction Of
the following officers: Julius L. Pey-
ser, president; Fred Mckee and
Francis G. Addison. jr., vice presi-
dents: Samuel Balsler. cashier;
Latrobe Owen and J. Louis Shipley,
assistant cashiers.
Office Boys Buy Phone Stock.
Four messenger boys employed by
the Chesapeake and Potomac Tele-
phone Co. in this city are getting an
early start toward independence by
buying American Telephone and Tele-
graph stock which the company sells
to employees on the installment plan.
The youngsters showing such thrift
and business sagacity are Alvin Jones,
Thure Booberg. Francis Burger and
Frank Littlefield. One of the lads
says he is buying the stock because
- It,,,I2 nj ,e, e.
and sound investment" Another is
putting his first increase in pay into
it. while a third says he is putting his
money into it in order not to waste
it on things that might be of far less
value. But read what the other Wash
ington youngster has to say:
II realized that it was to my ad-
vantage to invest my money in com.
pany stock, and l found out that by
paying IS cents a week j could buy
up one share of stock in three years.
would be getting per cent on my
money whereas banks give only g.
Seventy-1ve cents a week is such
small amount to pay that / hardly
notice it's disappearance. I wish l
could buy more"
Lower Auto Prices Seen.
The recent sharp break in automo-
bile security prices has naturally
tended to arouse apprehension in re-
gard to the prospects of the automo-
bile companies this year There is
apparently some justification in ex-
pecting that motor companies will
make q less favora BILE showing in the
last half of 1926 than in the last
half of 1925, according to the Alex
ander Hamilton Institutes Business
Review. Automobile prices are gen
orally lower than year ago and the
probability is that fewer automobiles
will be sold this year than last.
There is small prospect that auto
mobile prices will be marked up this
year. 1t is more likely that more price
cuts will be announced If further
economies can be managed. Competi.