Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-13
CHEVY CHASE DAIRY TO OFFER
PUBLIC 100000 STOCK ISSUE
Preferred Will Sell at $500 Per Share.
Business Trend Still Underlined
Other Notes.

| of England and the Federal Reserve
Bank in this country maintain the
greatest possible harmony. That is
one reason why he endeavors to visit
this country once each year and come
in contact with as many bankers as
possihle. He sees such cooperation
as vital to world financial stability.
Bankers to Attend Conference.
| The District Bankers Association
will have five delegates at the third
Pan-American Commercial Conference
which will be held here in May. They
will he Robert '. Fleming, repre-
senting the national bank section:
Francis G. Addison, jr., savings bank
section w. w. Spaid. state bank sec
ton; c. II. Pope, trust company sec
ton; while Edward Moran, who
named the delegates. will represent
pected that official representatives
from 81 American republics will at.
tend. as well as a great many bust
ness men who are interested in de-
veloping interAmerican trade.
Business Trend As Yet Underlined.
No definite trend in the business
situation has Yet been developed, says
the current issue of the American
monthly review, which, in part, is as
follows:
The first month of the new year
did not bring any developments to
indicate ma jor trend either upward
| or downward in general business ar-
tivity, and it may he some time vet
before the 1927 picture begins to take
definite form. The fragmentary re.
ports covering January operations
from different sections of the country
show that a large volume of trade
is being maintained. and that indus
trial production in the. steel. automo-
bile, tire and number of other lines
is active and Increasing
1.-THE expansion in industrial activi-
ty, however, is perhaps not so large
As was expected. and advices from
many quarters speak of new orders
as rather slow in materializing.
Railway Common Weeks Surprise.
Washington Railway Electric
Common furnished the surprise Of the
week on the Washington Stock Elk.
change Previous to last Monday the
last sale in this stock had been at
1855. Thursday ten shares sold at zoo
and on Friday, due to an advance in
New York. 10 more shares sold at $50.
But far greater interest centered
In Capital Traction. This stock wound
up the week At 1864. a gain of a point
and half over the close a week ago,
Potomac Electric Power Preferred
closed the week ct the high of 10.
Bank stocks We're less active Dis
trict National closed at PAP. a gain OF
a point over Its recent new high mark
Riggs sold off after it's recent sharp
advance. American Security & Trust
t01 al zGf
point at the end of the week. The
newly listed Bank of Bethesda stock
went from 81 to 411a.
Heard In Financial District.
Plans are being pushed rapidly for
the Chamber of Commerce Industrial
Exposition which takes place next
month. There Is every indication
that the coming show will be by far
the best one yet. Local bankers are
In hearty accord with the move ito
get additional industries here which
will not mar the beauty Of the city.
but add substantially 10 the CONNER.
cial life of the Capital.
The Western MARYLAND Railway
Co. has filed a supplemental appliea.
ton with the Interstate Commerce
Commission asking 1t to disclaim
Jurisdiction and dismiss the roads ap.
plication for authority to reissue So.
100000 Of common stock in exchange.
share for share, for second preferred
stock surrendered for that purpose.
Announcement that Frank J. Ho.
gan. will be toastmaster at the silver
Jubilee banquet Of Washington Chap
ter, American Institute or Banking,
next Saturday night at the Willard
means that continuous laughter will
prevail throughout the evening. The
program is to be replete with inter.
esting features. The attendance
promises to be close to 800