Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-08
New Production Records Likely.

business continues at n pace note
worthy for this season of the year
and gives reasonable assurance ct
another good Autumn, says the
American Bankers Association Jour
nal in it's current monthly business
review.
With so high a record in production
and consumption for the first eight
months now definitely established.
1926 may easily make u better mart.
on the prosperity chart than did 1929
No drastic changes are looked for dur
ing the remaining months of this
year. The year 1925 witnessed the
highest production in history, which
makes the numerous increases this
year all the more remarkable. Pro
ductiOn in leading industries may l"'
of particular interest to those who
have been predicting an end to our
condition of prosperity, and felt that
1925 marked the crest to the presen'
business cycle.
"The most impressive gains are In
the automobile and machinery group.
of which production OF locomotives
freight and passenger cars rs OUT
standing. The gain i'll machine 100!
orders is also encouraging, for the ma
chinerv industry has been one of tn"
Peoples Drug Stores Sales Gain.
Sales of Peoples Drug stores, Inc.
for August amounted to S0Ol.162, com
nared with S412,223 for August. w.,
an increase of $50 ,339. or 2l.61 per
cent. Sales for the first eight months
of 1926 amounted to $3.So9190' com
pared with S3,410,1 26 during the cor
responding period of last year an III
crease of $449 1854.
August sales of S. $. kresSe Co.
amounting to SS,713.235. q gain of b.
ner cent over August last year.
brought the total for eight months OF
1926 to SGT ,436,417 against S6O'345.Vl'
q year ago. ,.,.
Co. rose to $40 $50 from $18.1Sl ,24]
in August last year, and for the el@A-.
months Of 1925 to $145. 614,497 from
s137, 907 1903 year ago.
Bids Asked OH Bond Issue.
The Washington Suburban SanitarF
District Commission has sent out It
quests for bids for an issue OF S2oo.
0OO Az per cent 30-50-year. series y
WASHINGTON Maryland suburban SAM
tary district bonds. Sealed bias Will
be received at the commissions olll't'
in the Evans Building, 142O New ofh
avenue, on or before pm. friuaI
September 10. The additional funds
are needed for extensions in the iari;'
territory northwest of Washington
which the sanitary commission serve.
The circular asking for bids state
that the population in the territory -
now about $4,000, having increased
10000 since 1910.
Redmond Changes Address.
The members of the staff in the
financial house of Redmond &c co.
were receiving congratulations in gel
ting into their new quarters at lool
Fifteenth stree today. This well
known firm has had an office in Wash
ington for many years and for a long
time has been located on / street. Tine
company's head offices are in New
York. and in addition 10 the local
office, branches are maintained in
Baltimore, Philadelphia and Albany.
The firm has membership in the New
York Stock Exchange.
Il. & O. Stock Appraised.
At current market levels Pennsyi-
vania Is selling at about eight times
it's earnings per share and Reading
at nearly 10 times it's earnings during
the past IL months. Baltimore AMI
Ohio earned $3.50 a share on its com
mon STOCK IIiS Il iilOillIIS emu
ed June 80 and would have to adj
vance to 1914 in order that its price
equal times its earnings and to 155
to equal 10 times the current rate
of net income per share.
In the early 1900S Baltimore and
Ohio sold as high as 1855. Indica-
lions are than earnings available for
the stock in 1926 will be the largest
in the company's history.
Bank Loans Show Increase.
The Federal Reserve Boards weekly
condition statement of 697 reporting
member banks in leading cities as OF
September l shows an increase Of
$40, 900 900 in loans and discounts
and q decrease of 5000, 900 I'm In
vestments. These changes were ac-
companied with increases of S126. O0O.-
900 in net demand deposits, $40 zoe, 900
in time deposits, and 500, 100000 in
borrowings from the Federal Reserve
banks.