Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-08-24
NEW HIGH SCORED
ON LOCAL CHANGE
American Security & Trust
Reaches $50, First Time
+. in Its History.

American Security & Trust Co.
stock scared to a new high today on
the Washington Stock Exchange,
providing the feature by reaching
$50 for the first time in it's history.
This was a gain of points over
yesterdays sale at 443, and con-
stituted an increase of 81 points over
the first sale this month, which was
on August 5. officials of the trust
company professed ignorance as to
the reasons for the rapid increase in
the stock, which has been in demand
on climbing market. The demand,
they said, was coming from sources
outside the organization. of which
officials had no knowledge.
Sold i'm Four Blocks.
Sales today of American Security
& Trust We're in four blocks, starting
at 10 shares at 4471s. The second lot
of 10 shares went at 448, the third Of
10, at 448h and the last sale, Of five,
jumped the price to the new high of
$50.
On August | the stock was listed
on the local exchange as 1914 bid and
1876 asked, but the first sale of the
month came on Friday. August 5, with
two blocks, of 10 and 20 shares, going
at 1885,
Other Issues i'm Demand.
Barber & Ross 61as were in demand
again today on the exchange, 81 900
changing hands at SO, as compared to
yesterdays 94%.
District National Bank sold in two
shares at 240, and Continental Trust
Co. in 10 shares at III.
Public utilities were steady
Australian Loan Snapped Up.
The eagerness with which the $40,-
900 900 Commonwealth Of Australia
external loan of 1927 30-year per
cent gold bonds was snapped up on
the market this morning was charac-
terized by local investment houses as
indicative of easy money conditions
generally prevailing at the present
time. The Australia SIS of 1855 have
been a favorite with investors, espe.
cially banks and corporations, on &C.
count of the excellent market, and the
early and heavy oversubscription to.
day proved no surprise. Among the
houses participating in the syndicate
offering the issue were the local
branch of the National City Co. and
Crane, Paris & Co.
c. & o. Showing Discussed.
Gross revenues of the Chesapeake
& Ohio Railway Co, including the
Sewell Valley Railway, for the month
of July, it was announced today
were $10,996,032, a decrease of $685.
O1O over July of last year. Operat'
ing expenses were $780, 1886, a de-
crease of $300,330 as compared with
July of last year; net railway oper'
ating income, $3,095,914, a decrease
of $502,458 over July of last year
The net income after all charges for
the month of July, 1927. was $2,462,'
329, decrease of $419,592 over July
of last year. The operating ratio was
81 per cent, compared with CAS-
per cent for July of last year, or an
increase of % per cent.
For the seven months ended July
81, 1927, the Chesapeake & Ohio Rail
way Co. shows gross revenues OF
$77,975,329, an increase of $3,900,7 1876
Outlook Considered Bright.
Barron's Financial Weekly con
siders the outlook for the railroads
still bright, despite recent slumps in
gross income.
IF railroad net is not to equal
1926" predicts the business weekly
lit at least is not likely to fall below
the figures of 1925, the first year
after the war in which they equaled
the best pre-war record. Just as ex'
traordnary Midsummer activity last
year was followed by a marked in
dustrial slump in November and De
cember, SO is it entirely reasonable
to expect strong last quarter to
succeed the considerable depression
Of this month and last.
Personal Notes.
Frederick P. H. Siddons of the
American Security & Trust Co. left
today for an automobile tour in New
Jersey.
O. II. P. Johnson, vice president of
the National Metropolitan Bank, Is on
vacation at his Summer home at
Port Hope, Ont.
Francis G. Addison, jr., Of the Sc
curity Savings & Commercial Bank
has returned from vacation at Cape
May, N. J.
Oscar Coolican, manager Of G. M.
P. Murphy & Co., will return Friday
from the Province of Quebec, where
ne has been on two weeks vacation.
Richard w. Hinson, manager OF the
National City Co. house in this city,
is vacation visitor of the Aev. Re
Barney r. Phillips, rector of Epiphany