Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-06
CAPITAL TRACTION
MARKET LEADER
Closes at 104 1-4-Turn-
over Of 1o7 Shares Bank
Votes Dividend Notes:
BY EDWARD G. STONE.

H
Capital Traction stock led trading
on the washington Stock Exchange
today after the triple holiday. Trad.
Ing in this issue totaled lot shares,
the market opening at 104A, drop
ping to, 104h and closing at l045z.
Potomac Electric Power preferred
recorded two sales at 108; Merchants
Transfer and Storage preferred stood
at 101 and 80 shares OF National Mort
gage and Investment preferred sold
at 8.
Bonds were quiet and confined to
Potomac Electric Consolidated IS,
company's Is, which changed hands
at 106A.
National Park Project Praised.
Francis G. Addison, jr., in his adj
dress as retiring president of the
District Bankers Association, took
a decidedly optimistic view OF what
the new Shenandoah National Park
will mean to Washington. Among
other things he said:
Washington is undoubtedly to be
materially benefited in years to come
by the establishment of the Shenan-
doah National Park. which has been
voted by Congress this year, and
which has been made possible by the
business interests and citizens Of the
District Of Columbia and other States,
by voluntary contributions, to pur-
chase the acreage to be donated for
this park.
Those OF us who have enjoyed
the national parks in the West are
perhaps in better position to realize
what this park is going to mean to.
our city, for in reality we shall be
the neck through which the greater
number of visitors to this park will
pass, particularly those who hereto
fore had not seen their beautiful
Capital. Undoubtedly 1t win bring
many conventions to our city, prov
ing an added attraction for entertain
ment features, inasmuch as we shall,
when the park is completed, be with
in three hours fide from its base"
Business Active IN South.
There appears to be no let-up in the
heavy movement Of freight trafic
throughout the South. During May
the volume of freight carried by the
Southern was equivalent to moving
763.282.000 tons distance Of one
mile. This represents an increase Of
2.S per cent over May, 1923, which had
broken all previous records.
Gross operating revenues for May
were $12 900, 900 as compared with
Sill ,469 900 in May, 1925, and $12, 949, 900
in May, 1923. Thus May, 1926, shows
an increase in gross revenues Of $3.50
per cent over the previous May, but
decrease Of 81 per cent from May.
1923.
For the first three weeks OF June
Southern's operating revenues show
an increase of 81 per cent over the
first three weeks of June, 1885, There
is every indication that earnings for
the year viii somewhat exceed the
1925 earnings of 1851 per share and
the total of $21.32 per share, including
equity In undistributed subsidiary
earnings.
Bank CIeafings Fall on.
Although Of very large volume, bank
clearings at leading cities Of the
United States, as reported to Dun's
Review, last week fell below those for
a year ago. the aggregate OF S9,S64,-
$4,000 being 81 per cent less than
that for the earlier period. This de-
crease. however, is probably account
ed for by the fact that the total for
the week of 1925 included operations
for the first two days eof July, when
Pt1ylAtGIIIS AAAOu6lf LIE SDdlhs dIC uti-
usually heavy. Last week clearings
for only one day Of July are included
in the record. With clearings of
SIS, $40. 900 900. New York City reports
q reduction OF SIS per cent. but the
amount at the outside centers$ So, 524,-
156 .000-is only "a per cent smaller
than that for q year ago. Most of the
cities show decreases, but large gains
appear at Boston and Dallas.
Bank Announces Dividend.
The washington Savings Bank an
nounces its regular per cent semi
annual dividend payable July TO
stock of record July 1, 1926. Thomas
E. farrell, the president of this bank,
with the cooperation OF his STAFF, has
succeeded In paying a dividend regu-
lariy by this institution since his con-
nection with It.