Evening star., 1926-02-19
POOLE GETS SEAT
ON LOCAL BOARD
Exchange Membership Now
FilIed-CapitaI Traction /,
Stock Sells at III.
BY CHiS. p. SHAEFFER.

John Poole, president of the Fed
eral-American National Bank. was
elected today a member of the Wash
lngton Stock Exchange, succeeding to
the seat left vacant by the death OF
Allan E. Walker, it was announced b.
c. j. Geckler, secretary of the ex
change
No longer does the Washington !.
Stock Exchange deserve the appella-
ton Of verbal rodeo," as ii has bios
soIned forth from comparative obscur-
lty into a bona fide meeting place for
the exchange Of securities It's mem
bership comprises the fun quota of A.
numbering some of the outstanding
business and financial personages Of
the city. Business. in so far as vol
ume is concerned, transacted over its
counters during 1925 set a new peakI
Whlie security listinGs TODAY are
greater than ever before
Capital Traction Reaches III.
In today's session Capital Traction
stock displayed by it's action that
some traders believe consummation
OF merger proceedings are not az re
mote as generally supposed. This
security established new modern
nigh when total of 80 shares sold
up to III. The advance was orderly.
beginning with 1882 on the initial
sale of 10 shares
The remainder Of the market was
featureless with Gas stock selling
at 1855, Railway preferred at 9Os.
ana Traction per cent bonds at
par.
Trust Companies Progress.
| The corporate fiduciary which num-
oeIeu 81 companies, with resources Of
81 ,OO0,O 900 at the beginning of tha
century has expanded to 200 institu-
tlons with resources of $4,000. .0OO, ,000
| today, declared Francis II. Sisson.
presiding at the fifteenth annual trust
company banquet held in New York
| City last night
Such conferences as that which We
| have held here this week" ne said
are providing stimulants TO furthe.
development. The important problems
! OF tax and regulatory legislation. of
cooperation with life insurance com
panles and the bar, of business build.
| ing and handling. of improved meth
| ods and better service have all had
! consideration and helpful direction. so
/ the closing of the current year bids
1alr TO register another high-water
marx IN trust company progress
Bureau Questions Methods.
/ The Wrigley Pharmaceutical co
with headquarters in Atlantic CITY, is
4 foodlng Washington with an offer Of
combined stock and tooth paste This
/ literature would give the inpressior,
! lhdt the NrlSley of gum fame has a
/ connection with the pharmaceuticaI
/ company This is not fact. and the
! manner in which this representa+io,,
Is made IS considered questionable 70
say the least. by the local Better
| Business Bureau.
| Seeks /. {. {. Bond Permit.
! The Missouri-Illinois Railroad 90
mas applied to the Interstate Com
merce ComisSion for permission Ia
| issue and sell 100000 in per cent
! notes, using the proceeds together
| with 1892 900 from it's treasury to
retire $4,000 in first mortgage per
| cent gold bonds, maturing February
IS, 1881.
! Over 600 to Attend Banquet.
More than Goo reservations have Al
ready been received for the animal
banquet of Washington Chapter
American Institute of Banking 10 he
held at the Willard Hotel tomorrow,
night. thus assuring the largest at
tendance ever boasted by similar
| affair.
An elaborate entertainment program
a
! ranks has been arranged
Harper to Address Bankers.
Robert y. Harper, president of the
District National Bank. has been list
ed as one of the principal speakers
at the annual convention OF the Vir
| glnla Bankers Association which
opens its sessions Monday at Luray.
Moody's Weekly Review.
Moody's weekly review of financial
| conditions in its current issue says. in
part:
Reasons for the break are desired
by the public, and the news writer's
Will have to invent them However
the break in the stock market was
doubtless caused by selling of a profit
taking nature rather than by any
news.
Share prices have not advanced in
any consistent way since November
8, and one may fairly say that the up-
ward movement really ended then BY
the middle of December the economic,
indicia definitely displayed the termi-
nation of the bull movement-since
which investors have had two months
or grace wherein to dispose of un-
stable stocks at top prices.
February is normally a month of
heaV1neSS or weakness in the stock
market. owing to the seasonal dullness
| or trade; and trade returns now are
as poor as they usually are at this
season.
Bond prices. considered by groups
appear to have been responding to the
generous Federal tax reductions. The
tax-eXempt issues, especially munich
pals, have shown the greatest weak
ness since last June. while the taxable
bonds have lately shown the greatest
| strength. MuniCipalS however now