Evening star., 1927-10-10
TRADING IS ACTIVE
ON EXCHANGE HERE
Liberty National Bank Hits
New Top for Year-Mer-
chants Transfer Leader.
BY EDWARD c. STONE.

BY EDWARD c. STONE.
Merchants Transfer & Storage pre-
! ferred came to the front on the Wash
| ington Stock Exchange today. opening
at '102 and closing at 1929, sales
reaching IT'S shares in nine separate
| transactions. The market was active
| today.
| Another feature as the weeks trad
| ing opening was a rise by Liberty Ma
| tional Bank stock to 240, q new high
| for the. year, and an advance over
| the last sale of two points. Ameri-
can Security & Trust was the only
| other bank stock out, four shares
changing hands at 46515.
| Columbia Sand & Gravel was active
| with so shares moving at 101. 20
| shares of Lanston changed hands at
| 10S. while 16 shares of Mergenthaler
| sold at 114R. off fractionally from the
| last sale. Sanitary Grocery preferred
came out at 102 and Potomac Electric
Power 51s per cent preferred was
again strong at 1855 Peoples Drug
| preferred registered 119.
In the bond division Capital Trac
| ton 5s sold at 1929, Potomac Elec-
| trio Power 6s at 1882 and 108A, and
! Washington Gas Light 6s, series B. at
| 1863.
Following the recent split-up in Sc
| curity Storage stock, four shares for
| one, the new stock is now being
quoted on the exchange at 122 bid
and $50 asked.
Peoples Drug Sales Improve.
Sales of Peoples Drug Stores, Inc,
! for September amounted to $6c- ,54l,
compared with $518,217 in September,
1925, an increase of $16S,324, or 32.4S
per cent.
..-1les for the nine months amounted
to IS 761, ia, compared with $4,3S4 ,514
| in the corresponding period OF last
year, an increase of $1,377, lao or ol.4l
per cent
The company has expanded very
rapidly during the past year, the las.
new store having been opened on
street in this city last week. The pre-
ferred stock reached a new high mark
on the Washington Stock Exchange
few days ago when 1t sold at lZz.
Executive Committee Meets.
w. w. Spaid was back at his desk
at HibbS & Co. today after attehulhS
meeting of the executive committee
of the ut-of-town section OF the. New
York Stock Exchange, held In New
York. Mr.. Spaid is chairman OF lhls
committee. - .,,o
The committee made plans tor tne
meetings to be held in various oulslue
cities during the coming winter anu ~
also outlined some of the matters 10
he considered at these sessions. Inc
brokerage houses outside of New YORK
have MANY problems of their own
which they take up at the conferences
afterward making recommendations 10
the exchange executive committee.
Several meetings were held last year
with highly satisfactory results, the
suggestions made being adopted at the
annual meeting in New York.
Commercial Mortality Higher.
Dun's report says:
"a distinctly higher commerclal
mortality is reported for the South
Atlantic States for the third quarter
of this year. failures numbering 552,
as compared with 424 during the cor
responding period of 1926, and the liza
bilities being $16,646, ,139. against &c.
943,575. Except in the District of Co
limbia, where no change occurred,
numerical increases are shown in each
instance this year. ranging from
in Delaware to SO in Florida.
"The indebtedness fell off in Della
ware and in South Carolina, but all
other States in this section show
larger amounts, the rise in Maryland
approximating S1.300000. in West Vir-
ginia $3,375. 900 and in Florida S4.425,-
600, 1t thus appears that the latter
State supplied the bulk of the in
crease in both number and liabilities
for this geographical group.
In the District of Columbia in the
4. f~s
the same number as in 1926 and COM
pared with Ia in 1925. Liabilities to-
tailed $592961.
Counterfeit Note Poorly Faxed.
The Federal Reserve Board an
nounces the appearance in circula-
ton of new counterfeit $40 Federal
Reserve note on the Federal Reserve
Bank of Atlanta. Ga, series 1914,
check letter E, face plate 158, back
plate 1911, with portrait of Jackson
and forged signatures of Frank White
and A. W. Mellon.
It is a crudely etched reproduction
printed on a single sheet of paper,
without threads or limitations of them,
and should not deceive any one, the
face of the note being very dark and
smudgy, while the back is light and
poorly printed.
In and Out of Local Banks.
Robert V. Fleming, president of the
Riggs National Bank; Joshua Evans,
jr., executive vice president of the
District National Bank, and William
l.. Beale of the American Security &
Trust Co. will leave the city tonight
to attend the National Tax Association
conference in Toronto.
William c. Johnson, assistant to the
president of the Federal-American Ma
tional Bank, has returned from a
three-week vacation. He spent the
first part of it at the Blue Ridge Club,
of which he is former president, and
the remainder at Atlantic City.
William J. Waller. vice president of
the Federal-American National Bank,
is taking his annual vacation, part of
which he is passing at Greenwich.
Conn. He will later visit Staunton
and probably Hot Springs.
President Joseph Schiavone of the
International Exchange Bank. is pass
ing a few days at his old home in
Trenton, n. J.
Bank Staff Enjoys Outing.
The Security Club, made up of
the staff of the American Security &
Trust Co., had it's annual outing in
the hall at Fourteenth and Kenyon
streets, Saturday, the weather pre-
venting the outdoor party at Rock
Creek. There were 200 present.
The indoor putting contest was cap
turad hv Charlie e Howe with TaunS