Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-08-30
TRADING IS LIGHT,
ON EXCHANGE HERE
Capital Traction Holds at
104 3-4-0nIy Two Bond
Transactions Recorded.
BY EDWARD G.. STONE.

Trading was in moderate volume
when the weeks business opened on
the local exchange today The first
sale was in Capital Traction. which
brought 1O4A, the same price also
prevailing after call. Five shares oS
Riggs National Bank stock sold at
455 and 10 shares of Continental Trust
went at 81. Railway and Electric pre-
| ferred sold at 80. and the remainder
or the stock trading was confined 10
Merchants Transfer and Storage
issues, 40 shares of the preferred sell
ing at 101 and 90 shares of common
going at 11412. On the bond side of
the market a. small transaction in
Georgetown Gas 5s registered 80,
while Washington Gas % brought
10012.
{. & r. Net Income Falls on.
The report of the Chesapeake and
Potomac Telephone Co.'S operations
for the month of July to the Public
Utilities Commission shows telephone
operating revenues of $563.616. being
a decrease of S2S,671 compared with
June. Telephone operating expenses
amounted to 1898. 449, being an in
crease of $2.422 more than June.
July taxes amounted to S45.S75 ami
other miscellaneous expenses We're
1854, causing the net income of $40
71S to be $29.972 less than the month
of June.
This statement also shows that the
expenditures for equipment added
during the first seven months Of this
year amounted to 81 ,565. 315, while the
retirements during this same period
amounted to 1925. $40. making the nel
additions for the seven-month period
| $685. AS.
The net additions to plant and
equipment for the IL months ended
July 81 were $1.8S6.662.
Bankers Returning Home.
Charles c. Glover. chairman of the
board of directors of the Riggs Ma
tional Bank. has returned from his
vacation and was back at the hank to
| day. He spent the first part of the
| Summer at York Harbor. Me-. where
| he is one of the best known visitors
at that shore resort. Later he went
| to Newport. The veteran banker is
! in excellent health and reports a fine
| Summer.
William j. Flather, vice preside nj
of the Riggs Bank, has also returned
| from his vacation. having passed Il
! month at the famous Poland Spring
| House. in Maine. He has been a reg
ular annual visitor there for many
| years.
| Edward J. McQuade. vice president
of the Liberty National Bank. return
ed to his desk today after a three
week outing. He passed the first part
| Of his vacation in The White Noun
tains in New Hampshire. going later
to Bay Head. y. j.
! President Edward j. StellwaGen of
| the Union Trust Go. will return TO
Washington tomorrow after spending
the Summer at the Poland Spring
House in Maine.
| Branch Banking Coming Up.
Federal legislation dealing with the
extension of charters of the IL Fed
eral Reserve banks. control of branch
banking and the equalization Of rights
between Federal and State banks will
be among the subjects to be discussed
at the convention of the American
Bankers Association to take place at
Los Angeles October to Z.
AS already announced. about a
dozen prominent Washington bankers
are planning to journey Westward
| and take in the convention, some
going by way Of the Panama Canal
and the rest over the railroad scenic
iIOuteS. fotllheIS mere consider the
| branch banking issue more interesting
than any other subject that is likely
to come before the annual gathering.
Get Three-Day Holiday.
The local broker offices CARRYING the
New York Stock Exchange quotations
will be closed next Saturday. as New
York Exchange governors have voted
to close on that date. The extra holt
day preceding Labor day was request
ed by $50 signers. This is the same
action that was taken on the Satur.
days preceding Memorial day and the
FOURTH of July. The New York
Curb Market will also close on Sen.
| TENDER a.