Evening star., 1926-11-12
! CAPITAL TRACTION IS LEADER
ON LOCAL STOCK EXCHANGE
Newly Listed Federal-American Go.
Shares Also Are Active, Selling Un-
changed at 30-Washington Gas Firm.

trust business in Washington.
III. Lawrence Choate. president OF
the Underwriters Association. pre-
sided at the dinner and forum. Frank
G. Stratton directed the preservation
Of a play which added much to the
evenings entertainment, as did an en-
cellent quartet. Almost every bank
in the city that has trust depart
ment was represented at the meeting.
End of Building Boom Nearer.
While noting several changes in the
aspect Of business, the American
Bankers Association Journal says:
In building construction we are
surely coming closer and closer to
The time when the people who have
been predicting the end of its boom
for SO long will have their prophecies
fulfilled by facts and figures; never
theless. the effect on other industries
supplying building materials will he
gradual because of the completion Of
work already in process.
The automobile industry continues
to give a good account Of itself and
apparently is too busy TO listen to all
the un1avorab1e things that are being
said about 1t by outside bankers and
economists who for years have
warned the industry that it was ex-
panding at too fast a rate and that
the growth Of installment buying
would eventually cause its collapse" :"
Young Bankers Urged to Study.
'rhs Commercial National News.
edited by r. Jesse CLANCY and IL as
sistants. a the Commercial National
Bank, has Just made its third appear
ance. Most Of its news is for the em.
ployes consumption Only. but it con-
tains strong appeal to bank clerks
to- attend the Institute Of Banking and
get the best possible business back
ground in order TO be ready to win
and hold promotions when they como.
! The writer. T. F. English calls atten-
ton to the fact that of the presi-
dents Of Washington banks are grad
yates Of the institute course: 10 grad
uates are vice presidents. 4 are cash
iers. 20 are assistant cashiers or as.
sistant treasurers and , are holding &
other official positions.
Railroads Are Booming.
Gross revenues for October OF the
Pennsylvania Railroad are expected
to establish new high record. Sep
ternber gross was more than $63, ,o00.-
900. the high month for the year 10
date. while October. 1925. was $62,-
6o0,S6S. officials stating that both OF
these totals will he substantially cN-
ceeded when the October figures are
| tabulated
President G. r. Loyal OF the Nor
folk Southern says that earnings are
running ahead OF last year and the
final results Of 1926 should show
marked gains over 1928. Norfolk
Southern's gross revenue in October
amounted to $500, 900 as compared
with 1859 900 la st wear
Calls Cotton Outlook Brighter
Secretary .jardine says there never
before has been such determination
on the part Of every one concerned
bankers. farmers and others-to put
across program OF constructive agri-
culture in the South as is now under
way. lie believes that cooperative
marketing on a larger scale and more
diversified crops will accomplish per
manent results. The first step in relief
will be through money furnished by
Il ma nee corporations operating under
the intermediate credit banks.
Huyler's Business Picks Up.
Irwin F'uerst president Of HuyIer's.
Inc. reports that since tho new man.
agement took hold early this year
Huyler's wholesale business shows an
increase OF so per cent over 1925.
September and October showed q
larger wholesale and retail volume
than at any period in the past six
years. According to the annou nce-
ruent. Iuyler's. which has three es-
tshlishments in Washington. will
within 8 few weeks he operating a
total OF So new ca ndy. soda and lunch
con stores in various cities.
Heard In Financial District.
w. w. Spaid Of W. B. Hibbs 4 Co.
is in Pittsburgh today attending
special meeting OF the executive
council Of the out oftown section of
the Association of New York Stock
Exchange Firms He ID chairman Of
this committee. Matters of special
interest to the Pittsburgh group of
wire houses will come up at the ses-
siOns.
During November 10 the 9th the
Treasury has purcha sed in the open
market $500 900 Of Third Liberty
bonds for the sinking fund and re-
tired them. The amount Of this issue
purchased and retired this fiscal year
to date aggregates $1S5.7Ss.200.
Total sales Of Schultz Retail Stores
Corporation for three months ended
October 81. 1926, were $S,259.S .S07.
against s7.49S,4SO in same period of
1926. an increase Of $760.S27.
President Lanier y. McIAchlen Of
the McLachlen Banking Corporation
has returned from a short trip to New
York. = -.-.,.
The Riggs Bank Club will hold its
annual oyster roast tomorrow after
noon at Great Neck on the Potomac.
Edward G.. Steffe of the Federal
vntA DO al. Ao kAA