Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-08-06
CAPITAL TRACTION
STOCK SCORES GAIN
Exchange Adiourns Out of
Respect for Memory of
John L. Edwards.
BY EDWARD C. STONE.

BY EDWARD C.. STONE.
Stock of the Capital Traction Co.
made a fractional gain on. the local
stock xchange today when, after open
ing at 1924, it sold at 1895 on three
transa ctions involving 40 shares.
Railway & Electric preferred came out
at 90h, Washington Gas Light sold
at 69% one Potomac Power certificate
registered 106 and one share of PO-
tomac Power preferred changed hands
at 10S. Five shares OF American Sc
curity & Trust stock sold at 377 and
two shares at 375.
There was more bond trading than
usual. Capital Traction IS recorded
two sales at 101, Potomac Electric
Power rs brought 1864, Washington
Gas 5s 101 and Railway & Electric ~
SO for a $500 turnover. Georgetown
Gas 5s came out at par, and the bond
market closed with a small sale of
Washington Gas 6s at 1881.
The exchange then adjourned out
of respect to the memory Of John l..
Edwards, its president. The govern
ors of the exchange also voted 10 open
the session on Monday at such time
as will not conflict with the mem
bers attending the funeral of MIR.
Edwards. A committee consisting OF
l.. A. Slaughter. e. e. Glover. jr.. and
e. j. Gockeler was appointed TO ex-
press sympathy to the family and rep
resent the exchange at Monday ;
services.
Death Shocks Financial District.
The death of John l.. Edwards
which is noted at length elsewhere iu
this issue of The Star, caused de
6eA6 In ha cial dilfI-
today and brought forth countless OK
pressions of regret. His great ability
as "A banker and broker were common
knowledge and his genial personality
made friends wherever he went. His
close friends were greatly encouraged
about his condition yesterday when
they heard he had been out on the
veranda in the afternoon. His return
TO the exchange and his office was
believed to be only a question OF
time. But today scores of bankers
called at the n street offices 10 extend
sympathy TO relatives and his i'm.
mediate business associates.
Mr.. Edwards friends included some
very distinguished men. He had the
autographed photographs of many
hanging on the walls of his private
Office Only short time ago he call
Oh lue writer dlteullOH W d STOul
of four pictures of men whose pass
ing had greatly Grieved and impressed
him. These men we're Warren g.
Harding, Woodrow Wilson. Alexander
Britton and John W. Weeks.
Request was made 20 mention such
a strange coincidence in The Star.
but Mr.. Edwards said it was too much
of Il personal matter TO put in print.
II now becomes highly proper 10 speak
of il. II always like 10 have my
friends with me-" he said, as he
glanced at their pictures. which had
been given the best locations in his
office.
Earnings Reports Made Public.
Southern Diaries. Inc. reports gross
sales of 81 ,35S,457 for July. 1926. com
pared with 81 1872 ,244 for July. 1925,
first seven months of 1926 were $6.62l,-
first seven moths of 1926 were S6.621.
592, against s5.114,225 for the first
seven months of 1925. a betterment
of 81, 507 .367.
The Louis X. Liggett Co. a subsidi
ar-y of the United Drug Co, reports
July retail sales of $4,401 1854. an in
crease of 26 per cent over sales In
July a year ago. For the first seven
months of this year sales totaled $29,-
I12S,216. against $23,S95, 40 in the cor
responding period last year.
Retail sales of the F. w. Woolworth
Co. for the first seven months of
this year were s126, 594,0o2. an in
crease of 6.2T per cent over the
same period last year. July sales this
year were $40. 395.272. compared with
$17,S29,451 for July last year.
Bus Stock Soon to Be Sold.
The Eastern Public Service Corpor-
alton of Virginia will soon begin OPP
Grating express buses between Wash
ington and Roanoke, Va, in addition
to lines it operates in Shenandoah
| Valley.
The corporation has authorized cap
ital of $4,000 shares I per cent pre-
ferred stock. par value 500. of which
| 4,700 shares are outstanding, and
! $4,000 shares of common stock. no
| par value. of which $500 shares are
outstanding Units of the two
! stocks will be offered shortly TO Wash
! ington interests. Earnings for the
bus corporation have been steadily in
| creasing.
Richmond Discounts Decrease.
| 4 reduction OF something over ST.
| 600 900 is reported in the number of
| bills discounted by the Federal Re
| serve Bank of Richmond during the
week which closed August 4. compared
| with the previous week. On the other
hand. there was an increase in Fed
| eral Reserve notes in actual circula
! ton amounting to approximately
| 100000.
| Total bills discounted by the Rich
| mond bank amounted to $43, 148, 900
last week and $44 ,217 900 the week be
| fore. Corresponding figures for the l.
| reserve banks combined show $547.-
| COS, 900 and 1921 $50 900, respectively.
Note circulation at Richmond last
week was $70.601 900. compared with
| 500 .903 900 the wee kprevious, while
| for the II banks the figure last week
, was $1.e7s, 0Ss.O00
Other Financial Notes.
! A total of 100 real estate bond Is
! sues amounting to $50 ,S44. 500. were
/ underwritten in July, according TO
/ compilations by s. W. Straus & Co.
| Since the first Of the year, 585 issues
| amounting TO $503,834, 500, have been
! offered.
The Pennsylvania Railroad handled
| 177,524 cars of loaded freight in the
| week ended July 81, against 1921 IN
| the week before. and 170,S57 cars in
| the same week of 1925.
| Indication of the prosperous condi-
| ton of the country is seen in the
| present stock market boom by Under
| Secretary of the Treasury Winston.
| --latest statement by the Federal Re-
serve Board showed a decrease i'm
| brokers' loans which was surprising
| in view of the active market which
| might have attracted much specula-
| tion." he said.
I Profits of the General Railway Sig
| nal Co. for the first half of 1926 were
more than double those for the cor