Evening star., 1926-03-29
CHRISTMAS CLUB
SAVINGS LARGER
1850 Accounts Here to Pay
Subscribers $5, ,496,0O0 at
Holiday Time.
BY EDWARD c. STONE.

| mere are now more than 1000
persons in the Christmas clubs main
tained by Washington banks, and
these investors will save, if they keeE'
up their accounts throughout the
present year, more than s. 900 900.
The report of the advertising commit
tee of the District Bankers Associa-
ton has just been submitted to the
| associations council Of administra-
ton. and it reveals many very inter.
esting facts
| The number of banks carrying
CHRISTMAS savings clubs is 26 They
| report membership in their clubs
totaling 1850. an increase Of 5.5Sf
over 1925. The total sum which will
be saved If all accounts are maintain
ed will be $5.496 900, which is an in
crease Of $1.050.0OO over 1925. 1t is
interesting to note that the average
for each club member has increased
from sos to nearly $50. and the banks
report that a large number of their
members are now using the Christ
mas club plan for accommodating funds
for other purposes besides the orig.
inal intention-for Christmas gifts.
The popularity Of the Christmas
club is further indicated by the fact
that about one in every five adults I'm
the District of Columbia is now a
member Of a Christmas club. and
the totals for the year 1926 exceed
the totals for 1924 by almost 81
$500, 900.
Busy Exchange Session.
Trading on the WASHINGTON Stock
Exchange today opened at a fairly
It'll \
! changes. Potomac Electric Power
preferred recorded one sale at 106
Fifty shares of Washington Railway
: and Electric changed hands at 90ls
, District National Bank stock came
out on one sale OF 10 shares at 2oS
, After call. National Mortgage and In.
vestment preferred brought Q on
sale of 124 shares. this being a frac-
tional advance since the final transaC-
ton last week.
District of Columbia Paper pre- o.
J ferred registered at 651s on one so
share transaction. Five shares Of
Mergenthaler Linotype changed hands
at 206, slightly lower than the last
sale. Lanston Monotype stock was
also traded into the extent OF 10
shares at S1i4.
Among the sales in the bond di-
vision was a 81 900 transaction in
Washington, Alexandria and Mount
Vernon 5s certificates of deposit at
:; 10; Potomac Electric Power Is brought
100 on two sales. and Washington 4.
Gas 6S recorded 102la.
Local Man on W. II. & a. Board
Attorney Thomas p. Littlepage OF
this city today was elected vice presi.
| dent. secretary and a director Of the
Washington, Baltimore & Annapolis
Electric railroad at the annual meet
r ing of the company in Baltimore.
!, Mr. Littlepage has been the com
pany's local counsel for q number Of
wears, as we'll as being the Washing
ton attorney for the Chicago. Rock
, Island and Pacific. Chicago and North
a western, Frisco and Kansas City
, Southern Railways.
f New Stock Exchange Listings.
o Announcement was made today Of
| listing on the New York Stock En-
change Of the following securities
4 which are of special interest here:
2 The North American Co. on or at
ter April L. S946930 common stock.
0 so par value, as q stock dividend.
e making the total amount authorized
Il to be listed $50 .06S 900
Southern Dairies, Inc. 10000
n shares of class A stock. no par value
/, in exchange for outstandings tenn
g porary certificates.
S Southern Railway Co. S1.774.000
r first consolidated mortgage 5 per
J, cent bonds, due July !. 1894, be add
t ed. making the total amount au-
= thorized to be listed. $S4, $4,000.
Childs Co. on or after April I.
l. 3.344 shares of common stock. no par
S value as stock dividend. making the
total amount authorized TO be list
L ed. 39S,3S5 shares.
Hotel Men More Cheerful
Hotel men and sightseeing car
4 managers We're greatly pleased with
! the report in The Star yesterday that
Is important conventions are to be
held in Washington during the next
: two months, and that the Easter
Z tourist business promises to pass
last years high records. Hotel man
Z ayers say that business has been
I pretty quiet since the convention of
the National Educational Association.
4 which brought Is, 900 visitors to the
city.
1t is estimated that the educators
with their families and friends Spent
$4,000 while in the Capital. The
"A convention was an unusually long
~ one and it is believed that each visi-
tor spent about $50 during his STAY
y here. Most of this went TO the no
% tells the sightseeing companies and
~ the n. f. A. treasury.
n TIE arrival of Easter visitors IS ex-
~ pected to boost business in the local
~ retail stores as well.
e; Phone Investments Popular.
/ Barron's recent prize contest on
II | "How Would You Invest 500. .0o0p"
10 conducted in the Boston News bu-
lie reau showed that more Of the LILO
It contestants favored American Tele-
5, phone & Telegraph securities as an In
vestment as against United States
Government bonds. rg
In the list of investments suggested
in the letters the telephone securities
IL appeared 668 times. or on more than
:. go per cent of the lists, 387 contest
f. ants selecting the common stock, III
q the debenture 5s of 1860 and 100 the
e other bond issues. The various issues
d | of United States Government bonds
:. appeared on 556 of the lists.
For the purpose of the contest the
800. 900 was considered to be the
CENTRE fortune of young widow with
two children" Undoubtedly the sum
| named is very much In excess OF what
D the average young widow has. but
: caution in investing would be still
q more important for those not lucky
n enough to have over IS 900 or 100000.
2 Clothing Is Cheaper Here.
Y; Retail clothing dealers stated to.
t. day that clothing prices in the Capital
j. are lower now than they were at the
same time a year ago. Prices IN the
store windows and in the newspaper
= advertisements also show that the
trend is downward. although the re
" ductions appear to be only moderate.
" Dun's latest report on wholesale
" commodities is of special interest In