Evening star., 1926-04-29
Trading Quiet on Exchange

month last year.
Trading Quiet on Exchange.
Today's session of the local Stock
Exchange was not especially interests
Ing nor did the limited volume Of busk
ness reflect any great price movement
in either direction. Stocks were mora
or less neglected. most of the trans,
actions being in the bond section of
the market
Potomac Electric IS brought 1o6%
and the Consolidated 5s of the same
corporation 100as. Capital Traction
9s brought 99$4 and the Anacostia and
Potomac River 5s. 95.
Gas 6s were strong at 10312 while
the per cent bonds of the District
Paper Co. sold at S6.
Small lots of Potomac Electric
preferred stock brought 1917 and
101l2, an odd lot of Railway common
sold at 1904 and the share transao.
tlons were ended with a few shares
Of Capital Traction, sold at 1o3N.
The usual bid and asked prices fog
bank shares showed a demand at q
price for the favorite, with no pressure
to sell any place in the list.
Anxiety Over McFadden Bill.
Supporters OF the McFadden bank.
anxiety over the bills chances of pas.
sage at this session of Congress as
the time for consideration of the meas
ure becomes shorter and shorter. If
the Senate fails to take up the bill an
immense amount of time, energy and
argument will have been practically
lost for the second time, as the bill
was allowed to die in the same man.
ner In the last session of Congress.
AM
keenly approves both the extension OF
Federal Reserve charters and ths
branch banking legislation as er1bod.
led in the McFadden bill with the Hull
amendments. But the president. Os.
car Wells. expresses opposition to cou.
ping the two measures together il.
such action will impede the progresJ
OF the original bill The association
wants the two features of the bni
ueat with separately if such action
Will speed up the final action.
Every day sees the opponents Of
branch banking taking new courage
and hoping for an early adjournmenc
of Congress.
Virginia Tour First on List.
Washington delegates to the Amer.
lcan institute of Banking's convene
tion are to join those from New York.
by special train to Dallas. Tex.. in
July. And they are to see Virginia
nrst. so to speak. They are to stou
at Staunton and make a special triu
to Endless Caverns. They also will
visit White Sulphur Springs, where
they are scheduled to swim at tho
Green Brier Hotel. If the usual July
weather is prevailing in this section,
they are likely to enjoy that swim aS,
D
They are to make many other sids
trips on the way, and will make a
special study of some of the Souths
western oil wells with a view 10 make
ing heavy investments in the same.
Survey Shows Fraud Decrease.
Richard T. Baden of Baltimore,
president of the National Association
of Credit Men, stated yesterday THAI
a survey just completed shows a MAJ
terial decrease in credit frauds. Mr..
Baden attributed this to the 81 900, 600
credit protection fund recently raised
by the association for the purpose Of
suppression of commercial crime.
Bonbright & Co. state that the APP.
palachian Electric Power Co. planS
important superpower development in
Virginia, West Virginia and Ken4
lucky in connection with the $35, 900.
900 bond offering just placed OH ths
market. Directly or indirectly the
company proposes to furnish electric
power and light to 252 communities.
including Charleston. W. Va, anH
Roanoke and Lynchburg. Va.
Vice President William III. johns
ston Of the Mount Vernon Savings
Bank has returned from p trip iII
which he combined business and re.
cuperation. He is greatly improved
in health. Vice President William r.
Baum Of the same institution is at
present in New York for a few days.
Automobile Industry Booming.
It is reported that the automobile
industry has nearly kept up during
the first quarter of this year with the
business done during the final quarter
of 1925, when all previous output
records were smashed.
Demand for automobiles of the
closed type is predominating, and the
easy financing methods now offered TO
buyers of new cars, together with
price reductions. have done much toi
keep up demands. Sales of automo'
biles and automotive products In
foreign markets promise to reach new
proportions this year, as better finance
ing and credit facilities have been
arranged.
Tires and tubes, although higher IN
price, because Of the advanced cost OF
crude rubber, continue in strong de-
mand. This also applies to the gen.
eral accessory line. in which there has
taa,, cov,,a daclipa in rriceS