Evening star., 1926-11-26


larity of the issue is shown by the
heavy oversubscription on bonds
priced above par.
Local Stock Hits New High Mark.
Federal-American Co. common
reached another new high mark on
the Washington Stock Exchange to-
day, the recently listed issue chang
ing hands at 32h on a turnover of o0
shares.
Potomac Electric Power preferred
selling ex dividend. was strong at
1OS. Fifty shares of National Mort
gage and investment preferred sold
at 8, fractional gain over the last
transaction. One bank stock ap-
peared on the board, 10 shares OF
Washington Loan and Trust Co. sell
ing at 478 and 10 more at 479.
The bond market was quiet
Georgetown Gas 5s selling at 1914
and Washington Gas 6s at 1o2A.
Christmas Club Drive to Open.
The District Bankers Association s
Christmas Club cooperative cam
paign for 1927 will be started next
Monday, November 90, when the first
advertisement will appear in the
Washington newspapers. The ad-
Christmas savings club will be pre-
Sented in this manner at regular in
tervals to and including January
IS, 1927. The Christmas savings
idea has gained such grip on popu-
lar fancy in the Capital that the
bankers expect to see the present
campaign result in the breaking OF
all previous records The camDaigl
has been so timed that it will be get
ting under way just as the money
in this years clubs is being dlstrlb-
uted, so that considerable OF this
may be turned back into the ne"
clubs; there being more than $o,-
100000 availa Bile for present members
to use as they see fit
Theater Party Assured Success.
r. Hunton Leith, president Of Wash
ington Chapter, and Raymond +
Lochte, chairman of the Institutes an
nual theater party, report that the al
vance sale of seats for next Monday
performance of "The Passing Show o.
1926" at Polls assures generous funds
for the institutes educational pro
gram The heavy expenses have al
ready been covered and all the seats
now sold will bring in clear profits fol
the chapter. There are still some eX
cellent seats left, although the sale ha:
been very large. The members OF
the committee say that while the at
traction Is complete in every detail
they have arranged for some addition
al local color. which will prove decided
ly interesting.
Southern Earnings Fall Of.
The Southern Railway system re
ports smaller earnings for October
than a year ago, gross of 1895, ,480
comparing with $18,601,259, and ne
operating income, $4,664 730, and net
$5,006,656 Net for the 10 months wa
$316,072 larger than the same periot
of 1925.
Southern Diaries Reports.
Statement of Southern Diaries, Inc.
and subsidiaries for nine month,
ended September 80. 1926, as sub
mitted to New York Stock Exchange
shows net profit of $815. 1913 after de
probation, interest and Federal taxes
Stock outstanding amounted t.
10000 no par shares of class A par
tlclpating common stock and 235.00(
no par shares of class B common
stock.
Consolidated income account 70,
nine months ended September 80
1876, follows: Net sales. $S,872, $40
expenses. etc. s7,390.657 balance
Sl.4S2 ,153; other income, $14,25O; tota
income, $1.496,403; depreciation ant
interest. $613,710; estimated Fedora
taxes, $67,5o0; net profit, sS15,193.
Council Meets This Afternoon.
The Council of Administration o.
the District Bankers Association
meets this afternoon at headquarter:
for the transaction of routine busi
ness. 1t will he the first time tha
Francis G. Addison, jr., immediate
past president of the association
and Harry V. Haynes, new member
of the executive council of the ma.
tional association, will attend a!
members, in accordance with
change in the constitution made a
special meeting in October.
Other Financial Notes.
Many local bankers were out o.
the city on Thanksgiving day, bu
most of them were back at theil
desks again today.
Wall street reports further hint.
of possible increase in the B. & O
dividend in spite of the fact tha
the disbursement was only recent,
raised from to 6 per cent