Evening star., 1926-11-05
CAPITAL TRACTION
INCOME BELOW 1925 FIGURE
Total Revenues for Two Monthly Periods
About Same, But 1926 Expenses Are
Greater, 1t Is Reported.

was 1855 and the perferred 901s. The
first trading in the newly listed Fed
eral American Co. common took
place, so shares selling at 81. D. C.
Paper went at so and Firemen'S In
surance Co. recorded a 25 share sale
at 23A. Lanston brought so and
Mergenthaler, after opening at 106,
dropped to 1862. There were two
sales in Continental Trust Co, seven
shares going at 95, and 20 at 96.
Council Here Tomorrow.
Local bankers are ready to greet
the advisory council of the National
Safe Deposit Association which meets
here tomorrow at the Willard. The
visitors will be entertained at luncheon
at l O'Clock. A score of methods for
improving and increasing the safe
deposit business will be taken up by
the council. Hosts at the luncheon
will include George O. Vass, vice presi-
dent and cashier, and Albert E.
Fisher, manager of the safe deposit
department, Riggs National Bank
Charles j. Bell. president; Howard
Moran, vice president. and Charles f.
Howe. treasurer, American Security
and Trust Co. W. ]. Waller, vice
president. and Erskine Gordon, trust
officer, Federal-American National
Bank: Edward j. McQuade, vice presi-
dent Liberty National Bank: G. II.
Pope and c.. ID. Eatc}iff, vice presi-
dents Munsey Trust Co.; Charles c.
IambOrn, treasurer. and John NJ
Boteler, assistant secretary. National
Savings and Trust Co; Irving Zirpel,
secretary, and II. +. ]. Drake, man.
ager safe deposit department. Union
Trust Co.; Herbert a. Poole, assistant
trn1 nd NIiHia.,o 7
manager safe deposit department,
Washington Loan and Trust Co.
Gas Bond Sale Plans Ready.
Ord Preston, president of the Wash
ington Gas Light Co., has sent out
circular regarding the sale of the
S3,000,000 issue Of ten-year 6 per cent
mortgage gold bonds, dated October ! i,
1926, and maturing October l, 1886.
AT present $4,000 of these bonds
arc to be Offered to stockholders, gas
consumers and private investors.
They are being brought out in denomi-
nations of 500, $500 and 81 900 at 101
and accrued in crest.
AT 10l, the price that had been fore
cast in financial circles. the new bonds
will yield 5.S5 per cent. AS already
announced, they are to be sold by
local banks and brokers. The sub
scriDtion books will open on November
8 and close not later than November
13. The officials anticipate an over
subscription and in that event will
close the books before the closing date
mentioned. The following agencies
have been authorized by the company
to receive subscriptions for the bonds:
American Security & Trust Co.,
Anacostia Bank, Arlington Trust Co.,
ES3 NIX of Pct hncI1 Ilnn1Eor e 90
Chevy Chase Savings Bank, Claren
don Trust Co., Continental Trust Co,
Crane, Paris & Co., Farmers & Me-
| chanics National Bank, Federal-Amer-
lean National Bank, Franklin Nation
al Bank, Harris, Forbes & Co local
office: international Exchange Bank,
Lincoln National, McLachlen Banking
Corporation, Merchants Bank & Trust
Co., National Capital Eank, National
City Co. local office; National Metro
politan Bank, National Savings &
Trust Co, Northeast Savings Bank
Park Savings Bank, Peoples State
Bank, Cherrydale, Va: Potomac Saw
ings Bank, Prudential Bank, Riggs
National Bank, Security Savings &
Commercial Bank, Seventh Street
Savings Bank, Takoma Park Bank
Union Trust Co., United States Say
ings, Washington Loan e Trust Co.,
Washington-Mecha Savings Bank,
Woodbridge LangdOn Savings and Com
merCial Bank.
Other Financial Notes.
Y. i. Booker. head of the invest
ment banking house by that name,
and Munford Ellis are passing the
week end in Richmond. James G.
Dulin, jr., assistant treasurer of the
American Security & Trust Co, will
conduct Mr.. Booker's class in invest
ments this evening at the institute.
He Will discuss real estate mort
cages.
The sweeping alterations in the
Bank of Commerce and Savings are
getting SO far advanced that Presi-
dent Maurice j.. Rosenburg and
Cashier John NJ. Riordon are already
planning for a gala opening of what
will practically be a new bank.
y syndicate, headed by Merrill,
Lynch & Company Will offer shortly
an issue of $3,250,000 first mortgage
fee 64 per cent sinking fund gold
bonds of the proposed Midland Build :
ing in Chicarc