Evening star., 1926-04-05
DRUG, |NC.',
SHARES DEALT IN
Preferred, New on Local Ex-
change, Changes Hands
at Price of 102.
BY EDWARD c. STONE.


when four shares changed hands
IO2. The common stock of the con
pany has long been dealt in on the
New York curb and has been more or
less active. The move to have the
preferred stock admitted to the loca
StoCk list was because the Peoples
Drug Stores Co. is Washington
concern, with a Washington man, Nal
colin G.. Gibbs. as president. The com
pany has chain of 90 stores in this
city and soon will open one in Alex
andria.
Lanston Mon0tYpe gained half
point in today's trading, coming ou-
at 81 Z and going UP to So after call.
Washington Railway and Electric
preferred opened at 90i4 for a five
share lot and closed at 90M on "a.
transfer of 40 shares. One share Or
stock OF the Metropolitan National
Bank brought $50. Thirty shares O
National Mortgage & Investment pre-
ferred changed hands at Si2. and
shares of Potomac Electric POwe.
preferred brought 1883 in three
transactions. Potomac Electric Powe-
preferred interim certificates were Out
at los.
On the bond side Washington Rail
way and Electric as were priced -
Railroad. SIS registered 95h There
were but two other bond transac
tions. Washington Gas Gs bringin@
1924 and Washington Railway anG
Electric As selling at 8I7s.
II is announced that stock Of th-
Banking Trust and Mortgage G."
has been dropped from the loca
board. 1t will be recalled that som1
time ago practically al 1.-The stockho'd
ers of the company agreed to
transfer of the stock for shares i'm
Baltimore firm. This arrangene
reduced the amount of stock aF"t.
able for trading purposes here
much II was decided TO take J.
the local exchange.
Many TO Attend Meeting.
Many officials or director
Washington banks arc expeCtir-
attend the second annual meetiug n
the stockholders association come
ed with the Federal Reserve Ban.
Richmond TO be held in that cit, 90.
Wednesday. April Il. Victor d:
b Deyber, chairman of -
advisory committee of the assoc.
ton, has forwa arded a letter TO lH"
bankers eligible TO attend urc.a
that they make special efforts 10
present.
Addresses will he made by sem"
Glass of Virginia, George Il. Jan
member of the Federal Reserve Bor"
here in Washington, and ". NJ. Vie"
of Charlotte, n c.. chairman of
Stockholders Association. Ther" I'
| also to be reports by officers Of t.'
Reserve Bank.
1 The present officers of the Stos
holders Association include Henry j.
-, 90 4 al ~
man: Charles NJ. Cohen, Huntingto8
| W. Va, vice chairman: George Ii
Keese, Richmond. Va, secretary. y.
visorv cOmmittee-Victor B. Deybe
chairman, Washington. d. G.. john
Poole. Washington. ID. C.; George +;
Gehr, Westminster Md; W. :. Gordy
| jr.. Salisbury. Md; i. 5. Cohoon. Ne,
folk, Va: f. r. Spencer, Roanoke, No..
Charles NJ Cohen, Huntington. W
Va; W. +. MCAneny, Martinsbur2
w. Va: W. G.. Wilkinson, CharlOtta
IN c.; c. A. Johnson, Tarboro. y.
W. d. Morgan, Georgetown, 5. C.. an,
B. II. Moss, Orangeburg, 5. G.
/. A. Fleming Back From South.
]. A. Fleming. dean Of Washington
| financial writer's. has returned 10 tn"
| National Capital after passing the
| Winter at Melbourne, Fla. While in
the South Mr.. Fleming stayed a.
/ Hotel IndialantiC. a new hostelrr
| opened for the first time this year
! Last year he took a leading part IN
| the laying of the corner stone Of the
new structure.
! Pop" as Mr.. Fleming is called by
| all his friends in the local financial
| dist r1ct. appears much benefited by
| his soiourn in the land of palms ana
real estate booms. He looks as much
| like John D. Rockefeller as he ever
did-that is, as John ID. looked years
ago, Pop, of course, being manH
years younger than the oil king.
| Convention Plans Progress.
| +. J. McQuade. chairman Of ia"
entertainment committee for the CON
! ing convention of the District
Bankers Association at Hot Springs
Va. gave a luncheon to the other
members of his committee SATURDAY
at the Racquet Club. Francis T
! Addison president of the District
| Bankers Association and w. w
| Spaid. chairman of the general cor
vention committee. also were present
1t was the first gathering of this
committee. SO that only tentative
plans were made.
The TRANSPORTATION committee fOr
the convention has now been al
nounced. Hilleary q. Hoskinson. vice
president of the Riggs National Bank
| is chairman. and he will be assisted
| by John r. Waller. president Interna
tional Bank. vice chairman: Charlie
c. Lamborn. treasurer National SAY
ings & Trust CO.; T. Franklin
Schneider. jr., treasurer Continenta
Trust Co: W. Nick. Stowell. Lincoln
National Bank. and j. IT. Exnicios
president Departmental Bank.
VIII Nominate Delegates.
There will he meeting al the local
Institute of Banking'S headquarters
Thursday evening to nominate dele
gates to the annual convention TO he
held in Dallas, Tex. in July. At q
meeting tomorrow night il will bts
determined just how many delegate
are entitled TO be sent to the Texas
meeting.
The annual meetings have proved
so interesting and profitable that
there has been a keen desire on the
part of the banking students to at
tend. The same concern is manifest
this year. AS the banks pay the ex.
penses of delegates from their respec-
tive institutions, the question of meet
ing transportation charges is much
simplified for the institution.
e. & o. Report Out Today.
Net income of the Chesapeake and
Ohio Railroad for 1925 jumped TO S2o.
1929 after taxes and charges. but
before sinking fund appropriations.
from $12222 .042 in 1924.
This Is equal after preferred div
dends to $21.32 share on SO6,9
common shares. against S16.95 a share
on 672,657 shares of common stock in
1924.
According to reports published in
the Daily Bond Buyer during the
month of March. voters of various
municipalities in 81 States authorized
the issuance of bonds aggregatins
S44,250. 800. The largest authorization
u-ara GO 000 000 Atlanta 70 -