Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-30
LINOTYPE LEADER
ON EXCHANGE HERE
226 Shares Change Hands in
Today'S Session-Price
Changes Narrow.
BY EDWARD C. STONE.

tured trading on the Washington
Exchange today, 22G shares changing
hands during the session. The stock
opened at 1854 for a 5O-share and a
lO-share lot. The best three sales
totaled 20 shares and brought los.
AFTER call SO shares sold at 105, seven
shares went at 1861; the stock then
dropped back to 105 for 20 shares
but advanced to 1867 at the close
on another 20-share transfer. 1t was
by far the busiest trading in this is
sue that has been witnessed in many
months
-Four shares of Capital Traction
stock sold at 1884,, 20 shares of
Washington Railway and Electric
preferred went at 90ts and two
shares of District National Bank
stock sold at 233. The first sale in
Peoples Drug Stores preferred in a
long time took place today, 10 shares
moving at the strong price Of 1O4ls.
one hundred shares of Departmental
Bank stock sold in the unlisted de.
partment at 612
Georgetown Gas SIS sold at par.
Washington Gas 6s sold in small lots
at 103 and a $500 bond brought 1O4Is
Washington Railway and Electric Is
opened at 823s and closed at 82Ib
while the general and refunding 6s
brought 104.
Resigns as Bank Director.
Elisha Hanson has resigned as onA
of the directors of the District NatiOrN
al Bank, and his resignation has been
accepted, according to information
given out at the bank today. Mr..
Hanson, who is an attorney, has q
"a nil riy,sr 1,,rr L..
well known in the local financial dis
trict. To many people he is best known
through his interesting hobbv-rais-
ing fancy pigeons, some of his birds
being the finest of their class to be
found anywhere in the world.
GalIiher Notes Birthday.
w. T. Galliher. chairman of the
board of directors of the Federal
American National Bank, celebrated
his SEVENTEEN birthday anniversary
yesterday. He received best wishes
from host of friends, while many ex-
pressed their sentiments with flowers.
Mr.. Galliher is very active banker,
as is shown by the fact that his Sum
mer vacations are much shorter than
those taken by most men many years
his junior. He has been chairman
of the board since the merger of the
old American National Bank, of which
he was president. with the Federal.
The consolidation took place in 1922.
Exhibition Coins Arrive.
The first shipment of the official
gold and silver Sesquicentennial
coins sent to the Capital arrived here
by airplane today, consigned to the
American Security & Trust Co. They
were shipped here by the Franklin
Trust Co of Philadelphia, which has
been appointed the official depository
by the exposition managers. The
coins are 50-cent silver pieces and
$3.50 gold pieces. The Government
permits the sale Of issues of this
kind at a premium. The silver coins
are being distributed at 81 each and
the gold pieces at $3.50.
Maryland Banks Booming.
Aggregate resources of the bank
ing institutions in Maryland under
state control totaled s593,2S0.725 on
June 80, according to an abstract
rendered by George w. Page, bank
commissioner. Maryland led all
Southern States in the amount OF
bank resources, ranking just ahead
of Florida and North Carolina.
The AS State banks and trust
connanies had assets of S41S,6S7.743
ar the close of the first half OF the
wear. an increase of s9,020.5S4 over
the call of May a. Deposits were
ss.453,675 move than in May.
Reserve Banks Assets Gain.
The consolidated statement of Goa
dition of the Federal reserve banks
ON July %, shows an increase of S26,-
| OOo 600 in holdings of discounted bills
| largely offset by reductions of Sl3.-
900 600 and $4,000. 900. respectively, ID
| holdings of Government securities and
accentances purchased in open
market. These changes in bill and
security holdings were accompanied
by a decline of S9,600,00O in Federal
| reserve note circulation and an in
crease of s9,900,000 in cash reserves.
| North American Earnings Up.
Combined earnings of the North
American Co. and operating sub
salaries for the IL months ended
| June 80 are expected to make an
| extraordinary showing. Both gross
| and net. ii is said. will be the larg-
est ever reported by the system for
| any 1o-month period. with the for
i mer topping the s1O0,000.000 mark.
The balance to be shown for the
! common, however, will not renect
| the full earning power on the junior
| shares, since the forthcoming con
| soIidated statement will not include
i a full years earnings OF large prop.
critics acquired in the latter part OIL
| 1925.
New Issues Announced.
Offering of a new issue of 81. $780,
i on0Vireinia Public Service Co. per
cent series cumulative preferred
/ stock is announced for today by
p Fitkin & Co. and Stroud d
Co. Inc. Virginia Public Service Co.
and it's subsidiaries. Newport News
and Hampton Railway Gas ana Elec-
| trio Co. Charlottesville and ALDER
marie Railway Co. and virginia
| Northern Ice Co. furnish electriC
| light and power, gas and ice TO 14l
| communities with an aggregate
non,,lation i'm excess of 22S,000, serv-
ice being rendered to 43,16O electrical
customers and 6,593 gas customers.
street railways are operated in New
| mort News and charlottesville.
/ q r. Childs & Co. will offer next
week a new issue of $1,500.0 900 Denver
Joint Stock Land Bank OF Denver o
ne,. cent farm loan bonds, due July i,
1856. priced at 103% and interest, 10
Weld 4.52 per cent to redeemaple
date 1885, ans per cent thereafter
Other Financial Notes.
A M. Neyius. vice president Of the
Riggs National Bank, ii. q. HosKln-
SON another vice president, and l. j.
Roberts. secretary to President Flem-
ing are back at their desks, having
returned from their vacation earlier
in the week.
The Nunnally Co. reports pront
4 Of s123. 900 before taxes for the hrst
half of this year against $70,113 for
the same period last year.
The syndicate which yesterday Of
fered a new issue of $15,000,0OO 10