Evening star., 1926-04-16


Trading on the Washington Stocr =
Exchange today was interesting bu
lacked pep, so far as feverish stocE,
and bond transactions were concerned
Capital Traction 5s opened the sessions.
at 9S:s, this transaction being follow
ed by one sale of Washington Gas D.,
at 100as and another sale in Washing
ton Gas 6s at 1O2.
Both type stocks were out today ::
four shares of Mereenthaler selling al.
1O4l2 while 10 shares of Lanston :
changed hands at S34 on two differ :
ent sales. Five shares of Continentslt :
Trust Co. stock brought par. -
Stock of the Capital Traction Co. led,
the market i'll the total number of,
shares sold, 33 shares in two transa "a
tions recording 1O4. One sale of Po,f
tomac Electric Power preferred was,
checked off at 1852.
Dinners Success Assured. -
Francis G. Addison, jr., president Of.
the District Bankers Association. an
nounced today that more reservations
have been made for the pre-convention
dinner TO be held next Monday at the
Columbia Country Club than were
made for last years gathering. This
means an excellent attendance and as.
sures success to the efforts of the COM
mittee in charge.
In addition 10 the dinner feature
the program committee has arranged
foI a golf tournament TO be held in
the afternoon. AS many local bank
ers have recently been attacked with
golfitis, or something along that line.
this part Of the program will be de
cidedly interesting.
In order TO vary the program. Pres
ident Addison has sent out notices
that the next meeting of the Bankers
Association will be held on this oc-
casion.
Richmond Meeting Praised,
Local bankers are very enthusias-
tic over the meeting held in Richmond
of the Stockholders Association of the
Federal Reserve Bank of this district
Those attending the meeting included
President Victor B. Deyber OF the
Second National Bank. President Ro-
bert V Fleming and Vice President
Georg O. Vass of the Riggs National
Bank, James A. Soper and Floyd g..
Davis of the Lincoln National Bank.
President Joseph Schiavone of the In:
ternational Exchange Bank. NiceA
President Hilleary Offutt Of the Dfs-h
trict National Bank, President H. H.
Mckee of the National Capital Bank =
President John Poole and Vice Press
ident W. !. Waller of the Federal
American National Bank. {.
The addresses by Senator Cartertl
Glass and George r. James. as WELT
as several shorter talks were thor1l
oughly enjoyed. :!
New Issues Offered Today. -
TO finance expansions in the nu-
nnerous enterprises of Loew's. Inc. a,
Si5 600 600 issue of 15-year per cent
sinking fund gold debentures. with'-
stock purchase warrants, is being Of
fered today by Dillon. Read & Co.
and the National City Co. The deben-
lures are priced at 9912 to yield SOS.
ner cent. and the warrants entitle the :
holder TO purchase common shares
of the company in the ratio of five
shares for each 81 900 principal
amount of debentufes al goo prior
April ] 1881.
The PENNSYLVANIA Railroad, throuSh
Kuhn. Loeb & Co. offers 1880 ,00"''
of general equipment trust 41a PEI
cent equipment certificates. maturnie -
in equal amounts in from. 8 to ~ :.
wears. The certificates, which will be-
secured by $24,400,0o0 of new stand -
ard equipment of which 80 per cent,
has been paid in cash, will be offerec~-
al an average price of 9s% and ac q
crued dividends. being an aversst
Weld o: more than 4.67 per cent. -
Attend Banquet Tonight. -.
Washington will be we'll represenie'. :
at the annual banquet of the New
York Stock Exchange Association 10
night. w. w. Spaid of w. B. Hibbs
Co. John l.. Edwards, head OF job :,
T. Edwards & Co.; B. F. keech o.
r F. Keech & Co. and Harry W ,
HAYNES. president of the Farmers an"'
Mechanics National Bank of Georse
town will be among those present. -
Washington's young bankers win
dance tomorrow night at the Willard. i.
when their annual Spring frolic will
take place. The committee, which re.
norts that success of the venture is J
already assured. consists of the gov
ernors of the local chapter. Institute
of Banking. and Joseph E. Yerkes,
National RanhAn-
chairman; A. E. Henze. w. b. Hibbs =,
Co.: Miss Catherine Krieg, chairms = !.
Of the women's committee; Miss Lo;t's
A. White, editor of Dollars and Sense,
and Elmer Q-Hara. representing tho.
class Of 1925 a. e''Fs' 's'