Evening star., 1927-11-14
THREE NEW HIGHS
ON EXCHANGE HERE
Lincoln National Has Rise of
of 100 Points-Gas Light
and Pepco Pfd. Gain.
BY EDWARD c. STONE.

BY EDWARD c. STONE.
Three new peak price quotations
were marked up on the Washington
Stock Exchange today when the
| weeks trading opened.
Lincoln National Bank stock ap-
pesred on the board for the first time
this year selling at 400, compared
it'll the last sale at 800, the advance
of 100 points being made on turn
o :, of only two shares.
Washington Gas Light opened at
SO and moved up to S31s. closing "a
of a point higher than on any previous
sale on the present advance.
Potomac Electric Power Y per cent
~ rred came out at 1919. a frac-
ton new high, and closed at 1925.
In today's strong market Capital
Traction climbed back to 108A. SAM
tary Grocery preferred closed at 1924,
and seven and half shares Of Second
National Bank sold at 265.
There were several good sized trans
actions in the bond division, recent
firm prices prevailing.
In and Out of the Local Banks.
John B. Cochran, president of the
Franklin National Bank, recently has
answered "the call of the wild" and
has been spending considerable time
hunting.
Robert N. Harper, president of the
District National Bank, is due home
tomorrow. Postal cards from the
banker state that he has had a won-
derful Western trip and that he is
now anxious to get back, as Wash
ington "is good enough for him."
Eugene E. Thompson, newly elected
president Of the Associated Stock Ex-
changes, has returned from Cincin-
natl, reporting an unusually interest.
ing convention.
Peter A. Drury, president Of the
Merchants Bank & Trust Co., passed
the week end at his estate at Blue
mont.
Oscar Coolican and E. r. Finken-
staedt, connected with the local office
Of G.. M. p. Murphy & Co., have re-
turned from business trip to New
York.
Southern's Earnings Holding Up.
Southern Railway revenues have
been holding up remarkably we'll. De-
spite slackening of general business
in the South, which set in after the
collapse of the Florida boom and the
drop in price of cotton last year,
freight revenues for the first nine
months were s1,628, 900, or only per
cent below year ago. Passenger re-
ceipts for the period, however, were
$2,793,000, or II per cen, under last
year, SO that total revenues were off
s5,047 900. or 4.3 per cent.
The Pennsylvania Railroad reports
a net increase in the number of stock
holders since January ] of 1,075.
Women now constitute 50.61 per cent
of the total holders, having 3.371,244,
an increase of more than 5000
shares. Their average holding Is AZ
shares.
Stock Exchange Group to Meet.
w. w. Spaid, chairman of the ex-
ecutive committee of the out-of-town
section Of the Association of New
York Stock Exchange Firms, will be
in Boston next Monday to preside at
a meeting Of the New England group.
This organization is now in it's second
year, having been formed largely
through the efforts Of Mr. Spaid. Mat
ters of wide importance to the Stock
Exchange firms outside Of New York
are taken and recommendations made
at the annual meeting Of the ex-
change. Last year several construc-
tive suggestions were adopted by the
parent organization.
Liggett Drug Sales Improve.
October sales Of $50 Liggett Drug
Stores were $5,046, ,013, a gain Of 4.3S
per cent over the same month last
year, and for 10 months this year,
S47,S96.4 .466, an increase Of S4,917,192
over the corresponding 1926 period.
Virginia to Sell Bond Issue.
The State Of Virginia will sell ST.
4eS,6O5 no exceeding AZ per cent 80
wear bonds in the near future. The
issue was authorized by the General
Assembly at the 1927 special session
for purpose Of retiring bonds held
by schools, colleges and other organl'
cations, on which the State Is paying
per cent interest
Business Advance Revealed.
Business during the week ended
November 5, as indicated by volume
Of check payments, was greater than
in either the preceding week or the
corresponding week of 1926, according
to the Department of Commerce.
Wholesale prices were higher than
in the preceding week. but were still
below the level of a year ago.
Prices for cotton averaged higher
tnan IN GllIlGI pIIoI pCiAOu, W AA'tS
prices for iron and steel. although
showing no change from the previous
week, were substantially lower than
in the same week of 1926.
Other Financial Notes.
Edward F. Albee, head Of the Keith
Albee chain Of theaters, who Is well
known in Washington, has been elect
ed director In the Chemical Nation.
al Bank.
The Great Atlantic & Pacific Tea
Co.. has declared a quarterly dividend
Of rs cents on common and $1.75 on
the preferred stock.
Without including the cost Of land.
the cost of constructing one.family
dwelling in 1926 was SAFES, an in
crease of 10 per cent over that for
1921, when it was $3,972, according to
statistics compiled by the Department
of Labor from 257 cities.