Evening star., 1926-03-22
NEW KEITH FIRM
PLANS FINANCING
Offering of 5000, 900 Bonds
to Issue for Theater.
Buying Concern.
BY EDWARD G. STONE.

shortly by an underwriting grcup
headed by the Bankers Trust Co.. Of
New York and including Lehman
Brothers and Dillon, Road & Co., in
connection with the formation Of the
B. F. Keith Corporation, a new com
pany. which hss been organized TO
acquire theaters of the Keith circuit.
The Keith circuit is one of the old.
est and most prominent vaudeville
chains in America. II was started In
1883 with one theater in Boston, and
since that time has grown until today
it extends from the New England
states west 10 India napolis, and south
as far as Washington, and Louisville.
ky. The corporation will operate or
control directly or through subsidi-
aries or affiliated companies 81 owned
or leased high-clasS vaudeville and
moving picture theaters.
IT is understood that the properties
To bc taken over by the r. F. Keith
corporation are valued at approx
mately $29 600 900.
Noted English Banker Here.
Sir Robert kindersley. director nf
The Bank # England. which is gov
efnment institution and is the most
powerful bank of it's kind in the world
now is in Washington. and is heinc
introduced tp the National CapitaTs
people and sights by Vice President
Dawes. On Saturday Sir Robert bad
long and interesting chat with Sec
retary Mellon. the call being purely nf
social nature. Yesterday Mr.. Dawes
took his guest to the New York Ave-
nue. Church. and after the services.
accompanied by Mrs. Dawes. they mo.
tored about the city. Sir Robert is
very tall, we'll proportioned. dignifed
and extremely cordial. He has ALREADY
made many friends here. In addition
10 his connection with the Bank of
England he is also president Of the
great Hudson BAY Go.
TOday's Trading on Exchange.
Washington Gas bonds and CAPITAL
traction stock led in the trading on
the Washington Stock Exchange
when the weeks business opened to-
day. The days trading. however.
was very light.
Washington Gas Light 6s brought
ln-"s on four transactions The only
other bonds to change hands were
chesapeake and Potomac Telephone
os. which sold at par.
tapltai Traction stock opened at
actions. closing at 100 fat. Ten
shares of Federal Storage preferred
brought 104 and 10 shares of the
Riggs National Rank changed hands
AT a10.
The market closed with one sale nf
Lanston Monotrpe. coming out At 81.
"h1Ch was quarter Of \ roint low.
er than the last sale made on Sat
urday.
North Americans Progress
detailed study of the North Amer
ican oompanys annual report. which
was issued A few days ago. brings
out the fact that the con,psnvs IN
restment holdings in stocks and bonds
OF other utility companies including
preferred stocks and bonds of sui,
sid1aries. were heavily increas ased. the
consolidated balance sheet giving tbe
total of such investments a S35 2nq
2l3: AGAINST s19,2es. .49n, at the close
of 1924
This part of the report is of sneciaI
interest 10 Washington. as a portion
of this amount was invested in local
traction stock and gave rise TO the
hints that the company NAV Some
DAY control the street car situation
here
After depreciation and pavment of
dividends on North American pre
1erred. the balance for common stock
dividends and surplus was $1I.53a.4ai.
against 50 .S23 for 1924, an increas SO
OF Ss2'2s4.66s. or - per cent.
Institute Governors 10 Meet.
The board of governors of the local
chap American Institute of Bank
ing, VIII hold special meeting to-
morrow evening at the Headquarters
In Masonic Temple. Next Saturday
the members Of the institute will he
the ghests of y. W. Hill. director 81
the Bureau Of Printing and En-
craving. according to an announce
ment by II. Jesse CLANCY. nresident
of the chapter. The visitors will he
taken over the great Establishment
and shown the processes nv which
money Is manufactured. Arrange
ments for this visit were made by r..
J. McQuade
Patrons Receive Booklet.
The Washington Loan and Trust
Go. IS mailing 10 patrons a pamphlei
containing excerpts from lectures by
Herbert l.. Davis. auditor Of the
supreme Court Of the District Of Co
lumbia. who recently has given
series Of lectures on trust estates
banks and banking. contracts. cor.
porationS-and the general PRINCIPLES
Of accounting.
Railroads Make Good Showing.
Railroads running out of Washing.
ton and other Southern lines had re
markable success In cutting their
operating costs last wear. II has i1st
developed some of the best records in
operating efficiency were made hv the
Norfolk and Western, Chesapeake and
Ohio, Southern and Atlantic Coast
Line. In the order named, the Nor.
folk and Western. Atlantic Coast
Line. Southern and Chesapeake and
Ohio are also close to the ton of The
list of roads with their equipment i'm
the hest condition.
In an analysis hv Case. pon,cro,. &
Co. of New York estimated earnings
for the year 1925 show that these
roads have earned approximately the
following amounts on common stock:
Atlantic Coast Line. S26.66: Chesa.
peake and Ohio. sci: Norfolk and
Western. sla.02; Southern Railway.
1851.
The Seahoard Air Line stands
fourth in the list of 2s railroads
which are compared in regard to the
condition Of their equipment.
Thrift Spreads in Schools.
LAST wear the nnnref or reporting
school savings systems in the United
States increased from 6S3. in 742 dis
tricts. to $50. in 1857 districts. the
number Of schools from 9,0s0 to 10.163.
the number of pupils participating
from 2.236.326 to 2.S69.497. deposits
from $14.99t ,535 to sic 1861 $50 and the
bank balances from $2O.435,t44 to
$25.913.43
The last report from the Washing.
ton public schools showed that tho
school children here had saved moro
money than during the previous year
and were taking more and more inter-
nd11na tiafaal thrift