Evening star., 1926-05-04
TRADING IS LIVELY
ON LOCAL BOARD
National Mortgage and Peo-
piles Drug Stores Stock Are
Among Features.
by EDWARD G.. STONE.

Ira0lnS on the Washington stock
Exchange today was more active tha o.
usual and covered q wide variety nj
issues, although there were no mark
ed price changes.
In the bond division Capital Trsc
tion 5s sold at 99a4. Georgetown Gas
5s brought sc on one sale. Washing
ton Gas 5s changed hands at 1909
While the same corporation Ga were
dealt in at 1881. and later on two
small-lot transactions at IU2h.
Potomac Power preferred stock
opened at 1914 and advanced to
10712. Twenty-seven shares of Wash
ington Railway and Electric preferred
brought 90A. The only bank stock
out today was American Security and
Trust Co, 10 shares going AT 1856 NJ
tional Mortgage and Investment pre-
ferred opened at SIS. dropped to 81,
and later to SIS. Trading in this issue
vas unusually heavy. the day . trans
fers reaching 260 shares.
Trading in Peoples Drug stores
preferred was the largest it has been
since this issue was listed on the loca
board. There were four sales totaling
80 shares, at 80. Six shares of Mer
banthaler Linotype sold at 109is.
little under the high Of 10 reached
last week Shares of the Columbia
| fiat. Lanston Monotype recorded tw"
sales Of 10-share lots at IS. off a frao
! tion from yesterdays close.
Bankers Committee to Meet.
Francis G. Addison. jr has called \
special meeting of the bankers cour-
Gil Of administration of the DistriCt
Bankers Association to he held neX'
! Thursday afternoon At AS. at III"
headquarters. in Masonic Temple. The
business to come up is consideration
of the special report Of the advertising
committee
This meeting is TO follow a session
| called by W. w. Spaid. chairman a
the general convention committee
| making arrangements for the coming
convention at Hot Springs. MI the
subcommittees have been very active
| during the past few days and lmpor-
| tant progress will be reported.
The program and entertainment
| committees are understood to be ready
| to outline their plans pretty definitely.
Bank Has Gold Piece 113 Years Old.
John NJ. Riordon cashier of the Bank
of Commerce and Savings has s.
gold piece which is 1l3 years old and
in perfect condition. 1t was passed in
at the teller's window in the regular
!
| 1913. vet It can have been in circuia l.
| ton but very little. II looks as IL T.
| had just come from the mint.
| The coin is much larger and thinner
| than the present gold pieces OF the
| same denomination. 1t is aboat tho
size of quarter of r dollar and has
| the American eagle and other mark
ings. Just as the modern coins have
| Where the gold piece has been for ~
years. to be in such fine condition, is
rather mysterious.
| The patron turning il i'm al the win
dow thought il nothing unusual snd
made no reference 10 its age.
| Plan to Attend Convention.
| Eugene V. Thompson. manager of
| Crane. Paris & Co. and Paul v.
Keyser. counsel Of the Investor Bank
| ers' Association. Will attend the meet
| ing of the executive council to he held
at White Sulphur Springs. W. Va.
| which opens on May II and lasts
through the 10th. Mr.. Thompson he
| longs TO half a dozen different com
mittees in this organization and a.
ways attends the Spring meetings
| Tie attendance is expected 10 he Un
! usually large this year. as number
| of former officers and committee
members are planning 10 he present
Calls Outlook Very Bright.
Frank l.. Dame president of the
North American Co, has issuei
statement in which ne declared that
the prospects for the light and power
| companies in the next 10 years are
very bright.
He SAYS that millions of investors
are holding this class of securities and
are wondering if the prosperity OF the
past decade can continue. lie believes
| 1t will. He bases his claims on ths
increase of electricity used in light
| ing American homes, its steady in.
crease in the industrial field and the
rapidly growing demand for electricity
| by municipalities for street lighting
pumping stations and street car power.
1 MIR. Dame also notes larger de
mand for electricity on many farms
| and quotes the views of electrical eN-
/ perts to support his views lie thinks
! that advances in the rural eIectritiCs
| ton field is of special interest Just Al
this time.
! Federal Reserve System Praised.
Unlimited praise for the Federal Re
! serve system was given by Il. G. Don
aldson. Washington ba mixer in an ad-
| dress over the radio last evening. Mi.
| Donaldson believes we have the best
| banking system in the world.
He praised the foundation in finance
| laid by Alexander Hamilton as f1rst
! Secretary of the Treasury and also
| the manner in which Secretary Mellon
has handled many intricate problems
! which followed in wake of the World
| War.
| Nothing is more interesting to the
| business world than banking and moth
! ing more interesting to the student. lie
said. Without banking theSe could he
no substantial intercoure between in
! dividuals or nations.
Mr.. Donaldson also discussed credit
and the huge proportions to which IL
has grown in recent years.
Farm Relief Before Bankers.
| The American Bankers Association
executive council at Pinehurst, y. c.,
! expected to take up the question "f
| farm relief at todaYs session. There
| is much sentiment among some of the
| bankers that Congress ought 10 pass
| some kind of a relief measure at this
| session.
| The matter has come up at Pine
hurst because there is no class of men,
other than the farmers themselves. so
| interested i'm the farmers prosperity
| as the bankers.
Some of the bankers are urging
bureau Of aeronautics to be connected
with the Department of Commerce.
but they see no demand in this coun-
try for government air subsidies
Hendrick Ill In Hospital.
! j. Thilman Hendrick. one of wash
/ ington's best known businessmen, has
been confined to a local hospital suf-
| fering with a facial infection. His
business associates yesterday sent
flowers and greetings to him. He was
reported as improving today.
/ naHnHY nnnnYYHTC