Evening star., 1926-04-19
BONDS ARE ACTIVE
IN LOCAL TRADING
Daylight Saving Will Get
Brokers to Work Hour
Earlier Soon.
BY EDWARD C. STONE.

BY EDWARD C. STONE.
Bonds led the opening trading Of
ne week on the Washington Stock
xchang today with Washington Gas
'sues most active In this department.
he market opened with two sales OF
'apitM Traction IS. going at 1914.
his sale was followed by a small
ransfer of Washington GaS 6s at
the market in these bonds then
ropping TO 1O2. but strengthening
o 1039s at the close. Washington
;ss 5s sold at 1902 on five different
transactions totaling $500. Anacostia
nd Potomac 5s were also out today.
/ 900 block going at asa. Washing
on Railway and Electric As sold at
/ p.
Capital Traction stock was a bit
higher today. 10 shares changing
Ia nds at 1O5. There was only one
,ther transaction in stocks during the
ession. that being one share OF Riggs
National Bank at 45l
Notices were posted today in the
ocal brokers' offices stating that the
avIight saving schedule for the com
ne Summer season will go into effect
n New York next Monday. April 70.
This means that the market will open
IN hour earlier.
Ticker service quotations FOR w ash-
ngton and all other cities outside OF
Sew York will begin at O'Clock and
he market will close at i'm the after
loon, instead of 3 O'Clock, the sched-
lie prevailing during the rest OF the
year
Most brokers like the daylight plan
yery much. a s they get through work
an hour earlier in the afternoon. Tn"
plan met with geenral approval IN
Wa shingtOn last Summer and favor
able comments have already been
heard regarding the change TO be
made next week. Chicago brokers are
not as enthusiastic over the idea a~
hey are obliged TO go to work at
clock in the morning.
Bank President Home.
George l.. Starkey. president of the
National Bank Of Washington. was
pack at his desk today after three
weeks vacation passed in Bermuda.
Mrs. Starkey accOmpa MED him, and
hey report a delightful trip. although
.hev ran into a terrific storm on the
way down. so severe that 40 per cent
Of the pa sSengers of the boat were
very much under the weather" Mr..
StarkeV, however. said he def1ed the
rough sea and was able to he on deck
as much as he wished to he. He de-
clared that Bermuda is wonderful
place for a complete rest. There are
no automobiles and no confusion Of
any kind. the roads are excellent and
the scenery charming.
Robert y. Harper. president Of the
District National Bank has gone to
Atlantic City for week or 10 days.
Before leaving Washington Mr.. Har
per spoke with the grea EST enthusi-
asm over the progress made toward
establishing the proposed new Shen-
a ndoah National Park. He reports
that the committees are making such
splendid progress that the success Of
the big undertaking is already as
sured The bank president is sure
that Washington will receive many
direct benefits from such park.
Bankers Dinner This Evening.
The annual Spring set-together
dinner and outing of the District
Bankers Association is taking place
this afternoon and evening at the Co
lumbia Country Club.
Golf was to he the feature Of the
a fternoon entertainment. c. H. Pope
mittee on sports. having arranged a
special tournament for the occasion.
Francis G. Addison. jr.. has also
called meeting Of the association
to he held at the country club. There
are to he no set speeches at the din
ner. The aim OF the gathering. in
addition TO a general good time. is 70
boom the annual convention at Hot
Springs in June.
Big Week for Institute.
This is an important week in the
affairs Of the local chapter. American
Institute of Banking. On THURSDAY
evening officers for the coming year
will be nominated. and at the same
time Is or more delegates will bf
chosen to attend the annual meeting
of the national orga nization at Dallas
Tex. in July.
The first annual dance given by the
local chapter members at the Willard
SATURDAY. evening was complete sue
cess. The party proved SO enJoyaoie
that such dance will no doubt M
held every year. those IN charee VI
the affair said today.
Other Financial Notes.
Automobile production in the Uniteo
States during the first three monthS
of 1926 reached new high record o'
.O72 900 passenger cars ana TRUCKS
This is an increase over the outpu'
for the first quarter of 1928 OF "a pei
cent and of , per cent above the flrsi
quarter of 1924. March output par
ticularly was heavy. amounting tC
415.0OO cars. as against 376.OOO cars
produced in March, 1924. the previous
March record.
Continuance of unseaSonably cold
weather is impeding the movement OF
drv goods and notions. Millinery
houses did a good business in March
but thus far April has been below
normal. The shoe trade continues tC
improve slowly. but retailers are or
dering conservatively.
The general level of wholesale prices
in March sank 24 per cent from the
February level The weighted index
number of the Federal Bureau nj
Labor Statistics for all commodities
stands at 151.5 for March. against
1850 for February and 1910 for
March. 1925.
One hundred and twenty-five mem
hers of the sales force of the Bankers
Life Insurance Co. are meeting Al
the Mayfiower Hotel today with tht
newly.elected president. G. s. Nollen
and the vice president. w. W. Jaeger
Hoover Extends Greetings.
Secretary of Commerce Herher
Hoover is particularly interested "
the visit of the German merchant
and has requested the most friendly
co-operation of boards of trade anf
aau.,,orcn cha MIXERS in the cities u