Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-11
CAPITAL TRACTION
ANDLANSTON RISE
Trading Broad on Exchange
Here-Chain Store Sales
Go Higher.
BY EDWARD c. STONE.

capital Traction and Ianston com
peleu Tor honors in broad trading on
me Washington Stock Exchange yes
e1iuay. During n turnover of 100
shares Traction sold up TO Ill, within
point of the high for the year, while
I1ahston Monotype moved at 107 and
crossed at 1921 after several transac-
IONS totaling 60 shares.
Trading was also lively in National
Mortgage & Investment preferred,
which sold below for the first time
nree hundred and fifty shares were
soid at 5S., SIS and closing at 59s
washington Gas Light appeared on
me board at 81 and closed at $685.
uoWn fractionally on the week Po-
1omac Electric Power So per cent pre-
Ierred was strong at 1863. CONNER
Clal National Co. preferred sold at 1O4
and Sanitary Grocery moved at 1041a
After call 80 shares of Riggs Ma
Conal Bank stock sold at 496, and 90
shares of Commercial National at 266.
Twenty shares of Washington Loan
trust stock changed hands at 50212.
half-point higher than it has previ-
ously sold this year
There was a large amount of bid
olng on bonds and considerable trad
ing. Washington Gas 5s sold at 1041s,
washington Railway & Electric As at
so%. and $500 turnover in Wash
lhgton Gas 6s, series A, registered
!o6A. The series b issue was also
uealt in, a $1,000 bond selling at 107.
Chain Store Sales Go Higher.
Sales OF the il leading chain stores
Tor November, 1927. totaled 81, 716, SS1.
compared with S64.097 1867 for Novem-
per. 1926, an increase of $,619, 504, or
tS'4 per cent according TO a compila-
ton by George II. Burr & Co. chain
store specialists. For the first IL
months of 1927 sales totaled $646,3
soy, compared with $55S,295, 494 for the
same period last year, an increase of
SSS,O10,S65. or 1871 per cent.
As has been the case other months
this year, the j. G. Penney Co. again
led all other stores i'm point of dollar
gain with total sales for November of
Sl7,054,055, compared with S13, 1892 ,9S1
for November. 1926, an increase of
sS.l3l,074, or 27.9 per cent.
kinner Stores one of the smaller
Chains. led all others in point of per-
centage gain with an increase for the
month of ST. per cent.
w. b. & A. Bonds Keep i'm Limelight.
The monthly pamphlet of Nelson
COOK d Co.. says: Persistent buying
OF hrSt mortgage per cent bonds of
the Washington, Baltimore & Annapo.
Lis has advanced the market price to
around 80. RECONSTRUCTED outlines of
railroad consultations can readily be
construed to indicate that the strate-
gic position occupied by this road be-
cause of its entrance into the cities
Of Baltimore, Washington and Anna
polls, may readily result in the acqui-
sition of the railway part of the prop
erty by some important trunk line
unit. Under such circumstances, it
would be both logical and necessary to
retire these bonds. They may be call
ed at 105."
A. /. B. Executives to Meet Soon.
The Midwinter meeting of the execu-
tive council American Institute of
Banking, will be held in Chattanooga,
Tenn, January 10-11. 1928. The in
stitute is the educational branch of the
American Bankers Association, with
a general membership of about 1000
and student enrolment oy@r $4,000.
The officers and menu RS of the
executive council incluIy- p. r. vii.
liams. Los Angeles. prudent of the
Institute; Frank NJ. Totem, New York.
vice president: Richard w. Hill, New
York, secretary; Harold J. Stonier,
New York. educational director.
Evans Addresses Virginia Bankers.
Joshua Evans, jr.. vice president of
the District National Bank, spoke last
night at the banquet of Group Six of
the Virginia Bankers Association,
meeting at Tappahannock.
In his remarks Mr.. Evans touched
upon the work of the Better Business
Bureau, he being chairman of the or
ganization in Washington. He also
spoke on the banker as a community
leader and discussed credit and conf
dence in banking.
Earlier in the day financial men had
forum discussion regarding possible
changes in Virginia State banking
laws.
Gossip i'm Financial District.
Richmond outdid Washington in No.
Fember when bank clearings in the
Virginia Capital Appropriated S12 ,5O0.-
700 more than in the same months
asst year; the total being 1926 .410.617,
against 1928 ,945,143 for November.
1926.
Expansion in trading on the Wash
ngton Stock Exchange during 1927
aas been accompanied by similar &C.
ivity on the Baltimore Exchange.
Seats on the Baltimore Exchange have
-isen in value from around 1900
rear or more ago TO a bid at the pres
mt time of $4,000.
The Potomac Savings Bank has re-
moved several cages in back of the
ellers' quarters, giving the interior of
he bank a much more spacious ap-
oearance. The exterior treatment has
llso greatly changed the looks of this
lid Georgetown institution.
The growing importance of women
rs investors is again emphasized by
he report that of the 60.354 General
Motors stockholders. 23,115, or 80 per
cent, are women. They own an aggre-
rate of I,341, 466 shares of common and
,referred stock
Oliver Hartman. for 40 years con-
aected with Hartman Co, in New
FORK, was visitor at the Wa shington
Iffice yesterday and was introduced by
George b. Chapman TO many people
n the local financial district.
Do You Have S41.?2 i'm L. S. Money?
The Treasury reports that the
money in circulation in the United
Itates on December l tOtalled $4,845,-
i125S3, with a per capita percentage
n s41.22, compared with 81, SAB 500, S4I,
With a per capita Of S41.2j on Novem.
yer /.
The total stock of money on De.
pmber l was $S.471 ,567 sos against
B.552, 579,774 Oh November ].