Evening star., 1927-12-05
CAPITAL TRACTION
D|SPLAYSSTRENGTH
Stock Goes to 110-Pepco
Preferred 5 1-2S Leaders
in Days Dealings.
BY EDWARD C. STONE.

1
Capital Traction stock reached the
best price in its present move today,
when it sold on the Washington Stock
Exchange at 110. The days trading
| totaled SO shares in three separate
transactions.
Potomac Electric Power 5k per
cent preferred led in the market in
volume. so shares in four different
sales moving at the strong price of
1861. Washington Railway & Eiec-
| trio preferred sold to the extent of 10
shares at 100.
| Mergenthaler Linotype again sold
at 1864. Twenty shares of Sanitary
| Grocery preferred sold at 103& an ad-
vance of quarter point over the
| last sale last week. The days stock
trading ended with 50-share turn
over in National Mortgage & Invest
| ment preferred at 6A.
Only one bond issue appeared on
the board, Washington Railway &
Electric As in denominations of 81, 900
and $1,000 changing hands at 90%.
These bonds have recently advanced
The last previous sale took place at
90k. so that todays figure is a new
high.
Bank Declares Usual Dividend.
The directors Of the Bank of Com
merce & Savings have declared the
regular semi-annual dividend of per
cent. payable on January l to stock
holders of record on December 20, ac-
cording to announcement by the pres.
ident, Maurice D. Rosenberg. The
stock has been ON an annual 10 per
cent basis for u long time. It is
shown in the records of the local
Stock QXnhanC0 "a nf
Commerce & Savings stock was made
at 326, the issue being so closely held
that only two shares have changed
hands this year.
Larger Cotton Acreage Forecast.
That Southern planters are reserv.
ing larger acreage for next years
cotton crop than they did for the 1927
crop is indicated by slight decline
in shipments Of fertilizer in Southern
territory during August, September
and October, according to report
compiled in Washington by the Ma
tional Fertilizer Association.
The decline in Fall shipments in
Southern territory is interpreted by
the association to indicate that q
smaller acreage of Fall-sown grains
has been planted, and that larger
acreage has been reserved for cotton.
Chain Store Sales Increasing.
According to a survey made public
today by the Chain Store Research
Bureau, the $3.50 grocery chains in
this country at present will show an
annual volume of 81 ,356, ,25O, 900 at the
close of the current year. OF this
$6S3,312,000, or approximately
29 per cent Of the aggregate total.
will be realized on six leading staples.
These are butter. coffee. sugar, eggs,
bread and flour.
The realization Of this annual total
will mark an increase over last years
figures of $326.250, 900. of which $75..
100000 is due to the addition of meat
in the large grocery
chains. At the rate that these stores
are adding meat departments the in
crease is likely to be still larger dur
ing 1928.
School Bank Handles 100000.
To take care of the mnoey of the
girl students at National Park Semi.
nary, Forest Glen. and to teach
banking methods in most practical
way, the seminary maintains a school
bank. This bank is described in de-
tail by Frederick P. FL. Siddons. Sec
retary of the American Security &
Trust Co., in the last issue of the
Burroughs Clearing House. AS much |
as 100000 has passed through this
school bank in one year. The checks
are not negotiable outside the school, |
but the institution is carried on as a |
regular bank. The girls make out de-
posit slips, deposit and draw their |
funds from regular windows at cer |
tain hours. DIR. James E. Ament, |
who originated the idea, reports that |
the girls get very practical knowl |
edge in the handling of their finances. |
Heard in Financial District.
The Treasury Department reports |
only $13.377 .446 now in the vaults, the |
sum in 10 years. During the |
year the average balance has been be- |
tween $4,000, 900 and 500, 900, ,000,s the |
present decline being due to the large |
retirement of second Liberty loan |
bonds. !
The report of the Washington Rapid |
Transit Co. recently filed with the Pub |
lie Utilities Commission shows a total |
valuation of 868,900.53 on all classes |
Of property, real estate and equipment. |
OF this amount $31, 1,029.61 covers the |
holdings and equipment |
used in Maryland. Thirty-one new de |
luxe busses occupy a prominent place |
in the report. These were recently |
purchased from the Yellow Coach Co. |
Of Chicago at a cost of $3.50, ,505.04.
State and municipal bond election |
results published in the Daily Bond
Buyer during the month of November
indicate that the taxpayers of 100 COM
munities authorized the issuance of
bonds aggregating s127,623,950. This
large total for last month is due to the