Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-26
LIST IS STRONGER
ON EXCHANGE HERE
Thomas W. Brahany Be-
comes Active Partner In
Crane, Paris & Co.
BY EDWARD G. STONE.

Stocks and bonds were strong on
the Washington Exchange today
when the weeks trading opened.
Washington Railway and Electric pre-
ferred leading the market on a. trans.
fer OF SO shares at 80, an advance Il
quarter Of point over the last
sale. Potomac Electric Power pre-.
ferred sold at 10sas and the interim
certificates at log. One share of
Washington Loan and Trust Co stock
sold ex-dividend at 476 aud 80 shares
of Mergenthaler Linotype brought
I0s.
In the bond division Washington
Gas SIS opened at 103L. sold off :"
1O3is and advanced TO 104iz on small
sales at the close. Georgetown Cps
5s were out at par, while one small
sale in Capital Traction IS brought
101.
Brahany Becomes Active Partner.
Thomas w. Brahany. local invest.
ment banker, today became an active
partner I'm the firm Of Crane. Paris
co. He has just returned to Wash
ington after a three.week motor trip
and visit at his old home in Wiscon-
sin. Mr.. Brahany, who has been a
resident OF the National Capital for
about 20 years, organized the firm o.
Thomas w. Brahany & Co, specialize
ing In public utility securities. He fs
former newspaper man and was at
one time secretary of the Tariff
Board. At present he is the local
correspondent of II. i. Doherty & Co.
president of the Lions Club. as well
as member of the Gridiron, NatiorsI
Press, Racquet. Columbia Country
and several other clubs.
Evans to Attend Convention.
Joshua Evans. jr.. executive vice
president OF the District National
Bank, is another local banker who
expects to attend the convention OF
the American Bankers Association at
Los Angeles in October. It now seems
probable that about a dozen Washine-
ton bankers Will take this trip. IN.
formation sent out from the associa-
tons headquarters I'm New York
states that the railroads are Offering
some most attractive tours over many
different routes. The various lines
are offering round-trip tickets from
Washington and Richmond at about
$135. The convention business pro
gram is now being worked out by
President Oscar Wells and F. y
Shepherd, executive manager.
Duhuhi& tU DE OOnB III u ear.
Work will begin on the new add.
ton TO the Washington Loan & Trust
Co.'S building at Ninth and r streets
on August IA. and the structure.
which will have a frontage of about
81 feet, is to be completed within a
year. The addition will house the
Offices OF the real estate department
on the first floor and there will also
be space for one store, the Liggett
company already holding a lease for
this space. On the second floor will
be located the trust department and
also the bookkeeping department
Much space is required for the book
Keeping department as the work for
the branch at seventeenth and G.
streets is also done in the main office
The annex will be so connected with
the present bank rs, to make the
street floor offices very pretentious
Dividends Paid i'm so Years.
Dividends of more than $3.50 900
600, an average of $40 per cent a
year on its stock, have been paid by
the Pennsylvania Railroad since its
Incorporation so years ago, the New
York stock exchange firm of Harvey
Fisk & Sons calculates. The system
| IS described as the largest OF Ameri-
can enterprises. Total investment in
the system stands at close to 50 500,
600, 600. it's closest competitor in this
respect being the New York Central
The net tangible asset value of the
Pennsylvania stock, without taking
into account the company's equity
in the undistributed surplus of its
subsidiaries, is about $50 a share the
firm states.
Other Financial Notes.
Local delegates to the convention
of the American Institute of Banking
at Dallas, Tex. are due to reach home
some time today. They are coming
TO New York by boat from New Or
/ leans
Twenty new theaters are being built
by Loews Inc. The many stock
| holders in this city will be interested
to know that earnings so far this
year are ahead OF the 1926 figures.
The American Security and Trust
Co. has published service book" a
very attractive booklet aiming TO give
customers full information regarding
all the banks activities.
Joseph Schiavone, president of the
| International Exchange Bank. reports
that the directors campaign to in
| crease deposits is proving highly sue
cessful.
The 81 500, 900 Lincoln. $eb.. Joint
! Stock Land Bank 41a per cent farm
loan bonds have been oversubscribed.