Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-01-04
CAPITAL TRACTION PROFIT RUNS
SLIGHTLY BELOW LAST YEAR
Eleven-Month Total for 1926 1922 49,
Against $7O6,5657O for Same Period
in 1925-December Earnings Good.

Thrift week, has named the following
assistants:
George G. Shinn, attorney. vice
chairman; w. II. Baden. Washington
Loan & Trust Co.; Bruce Baird. Ma
Uonal Savings a. Trust Co; II. j..
Cotton. District National Bank; Err
skine Gordon. Federal-American Ma
tional Bank; Spencer Gordon, lawyer;
II. Stanley Holland. American Secur-
ity & Trust Co; r. a. Leavell, Mer-
chants Bank & Trust Co; Corcoran
Thorn, American Security & Trust
Co; George NJ. Mckee. Riggs Ma
tional Bank; a. c. Father, G. NJ. II.
Murphy & Go.
James G. Duin, jr., American Sccur-
ity e Trust Co: w. w Mackall. jr.,
care of Stein Bros. Il Boyce; T.. Jack
son Enrich Merchants Bank & Trust
Co; Richard Hatton. financial editor
Washington Herald; r. w. Hynson,
the National City Co; Carroll Morgan,
&. NJ. =. Murphy Il Co; +. w Patter-
son, financial editor, Washington
Post; Louis Rothschild director, Bet
ter Business Bureau; r. G. Stone,
Evening Star: V. b. Van Devanter,
Guaranty Company Of New York:
Kenneth S. Wales, Bonbright & Co;
&. f.. Fleming, Y. NJ. G. A; w. j. Wal
Ter, Federal-American National Bank:
II. c. Hoskinson, Riggs National
Bank. and Thomas w. Brahany,
Crane, Paris & co.
Caution Signals Always Needed.
Hundreds-yes. thousands-of fore
casts for 1927 have been sent out of
New York predicting rosy year
ahead. Many of these forecasts are
based on excellent reasoning, But,
amid so much optimism, conservatism
on the part of Washington investors
is extremely important. There is no
reason why money should be sent to
New York and lost because of worth
less tips and gueSses.
Values are vital i'll investments
Buy character" the late Col. Henry
Lee Higginson of Boston used to say,
meaning that investors should know
what kind of men are back of the
corporations in which they propose to
invest their nancy.
Local bankers and brokers can save
large sums of money for Washing
tonlans if given chance. They
know all about sound home securities.
as well as New York stocks and
bonds, or at least can get full infor-
nation very quickly and are all glad
to help their clients. Their advice is
better than most of that broadcast
from New York, because it contains
the element of personal contact and
special interest in the clients financial
welfare.
Local Bond Offering Tomorrow.
The Offering of S1,00O.000 Barber &
Ross 61a per cent sinking fund gold
bonds will be made tomorrow by
Crane, Paris & Co. and two out
side firms. The common stock will
also be offered at the same time.
Transfer by Samuel Ross of con-
connected with the company caused
wide interest in financial building
and other circles. AS Mr. Ross be-
comes chairman of the board, Harry
Blake becomes president. The other
officers include J. II. John, jr., first
vice president; Joseph 3. Thomas,
second vice president: T. E. Rhodes,
treasurer and H. l.. Light, secretary.
The firm, which has been in bust
ness so years, was started on Sew
enth street near Pennsylvania ave-
nue. by Barber & Henderson of
Philadelphia. Mr.. Ross came here
in June, 1876, to be resident manager.
Mr. Barber died in November. 1892.
Exchange Trading Quiet.
Trading was quiet on the Wash
ington Stock Exchange today, the
first sale being in Capital Traction
at 104A Ten shares of Merchants
Bank and Trust Co. stock sold at
150l2. Lanston came out at 93& and
Mergenthaler at 1851. Merchants
Transfer and Storage preferred sold
at 101. Twelve shares of Washing
ton Railway and Electric preferred
brought 9012 Potomac Electric
Power preferred sold at 1071a, and a
$1,000 sale in the same corporation S
Is took place at 1862.
Peoples Drug Stores Gain.
Sales Of Peoples Drug Stores, Inc,
for week preceding Christmas tOtaled
S272, 789, compared with $196,4i 10 IL
the same week of 1925. an increase of
$76,3 44, or 3S.9 per cent.
Complete Figures in Few Days.
Complete official figures, covering
the condition of every bank IN Wash
ington. in response to the controller s
call as of December 81, will be avail
able in a few days. AS already stated
in the Star, more banks in the District
show losses than gains in deposits, but
the slump is due to abnormal factors
causing an extra heavy drain on bank
accounts at the end of the year. Local
banks, however, had a phenomenal
year in 1926, and the prediction has
already been made that they will at
tain a new record in 1927. Much of
the money withdrawn recently will
find it's way back into the banks in
the near future.
Other Financial Notes.
McCrory Stores Corporation has
notified the New York Stock Elk
change of a proposed increase in au-
thorized capital stock by $4,000, 900
convertible per cent preferred.
President Wade III. Cooper of the
Continental Trust Co. has returned
from New York, where he made
speech on Abraham Lincoln at the
Metropolitan Temple. Mr.. Cooper for
years has made a special study of
Lincoln's life.
w. Gilbert Dent, jr., son of w.
Gilbert Dent, president of Gardiner &
Dent Inc, is now associated with the
firm as vice president. Dent until
recently was a student at the Uni
Versity of Maryland.
Mrs. Helena ID. Reed of the Lincoln
National Bank, graduate of the
Washington Chapter, A. /. B., has
been named on the budget committee
for thrift week. Mrs. Reed was chair
man of the first Womans committee
of the Washington Chapter and was
also chairman of the national woman's
committee in 1924 and 1925.
I, IA &c Io