Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-11-25
ZONES ADDRESSES
DISTRICT BOND MEN
Stocks Strong on Local Ex-
change-Pepc9 Preferred
Shares Hold Firm.
BY EDWARD c. STONE.

By EDWARD c. STONE.
Grosvenor NJ. Jones, chief Of the
finance and investment division OF
he Bureau of Foreign and Domestic
Commerce. Department Of Commerce.
smoke on Dollar Loans to Europe
and Their Effect on the European
situation" al the first meeting of the
wear of the Washington Bond Club,
at the Hotel La Fayette today.
Mr.. Jones cited few statistics on
the large volume of loans made in TINS
country to European governments
and then reviewed briefly the sub
stantia1 progress made in the stabilZa-
zion of foreign budgets and restoration
of currencies. How long this flow of
American capital toward Europe may
last was touched upon and the eco
nomic consequences involved were
brought clearly to the attention of
the bond men.
The speaker has been trade COM
missioner for the Government, has
engaged in international banking and
really organized the division of which
he is now the head. His experience
made his brief, eXtempora neous talk
of intense interest TO his hearers. The
luncheon meeting was presided over
by Winslow E. Van Devanter, presi-
dent of the club. and the arrange
ments were made by the secretary.
Franklin Fl. Ellis. The clubs monthly
gatherings started off with marked
Local Securities Strong Today.
Following the holiday both stocks
and bonds were strong on the Wash
ington Stock Exchange today First
trading was IN bands. a baby Wash
ington Gas, 6. series A. selling at
l0434. This was followed by $400
transfer in the series r issue at 1861 Il.
Later the series r bonds sold up to
1865. Barber & Ross 6 rs came out
at &C.
Potomac Electric Power per cent
preferred stock opened at Ill and
climbed to III. The same corpora
TONS So per cent stock was strong al
1868. There was a 20-share turnover
in Washington Railway & Electric
preferred at 99A. Columbia Sand G.
Gravel was strong at 103; 10 shares
of Washington Gas moved at 8512
and / share of Mergenthaler Limo
type appeared on the board at 105.
Federal-American National Bank
stock sold at 1856 In the unlisted
department % shares of Raleigh
Hotel Co. changed hands at 100. SAM
Chse Dairy preferred have been add
ed to the local issues quoted ex.
dividend.
Pepc0 Files October Report.
The net income of the Potomac
Electric Power Co for the month of
October was S240,293.64, compared
with S235,03S74 for the same month
year ago. according to the monthly
statement filed today with the Public
Utilities Commission.
Gross earnings for the month were
5000 954.21, against $678,747.SS for
October. 1926. an increase Of $21,206.S3.
Operating expenses amounted to $685.
1873 SO. in comparison with 1898, $3.50,
showing an increase over last year of
$50. 630.89.
After deducting the operating eX-
penses for the month the company's
net earnings from operations amount
ed to 1870, 1862, as against $3.50 1898
in October, 1926, or a decrease Of more
than $4,000.
Ten Months Net. S2,357,144.65.
The power company's net income
for the first 10 months Of the present
year was reported as s2.S57 ,144.65, in
comparison with s20S0, 1896 for the
similar period last year, or gain of
6,95159.
Gross earnings from operations for
the 10 months were $500, 542.93, in
comparison with $6.41S,221 in 1926,
a gain of $4S4,321.S4 so far this year.
Total operating expenses were S3,104.-
5000, as against S2.851. S11.74 an adj
vance of S252, 72452 in 1927.
Deduction of expenses leaves the
company net operating income from
operations of S3.79S, 006.57. This COM
pares with S3,556, 10000 for the first
10 months in 1926, an increase this
year of $3S, 447.41.
Heard i'm Financial District.
Charles c. Glover. chairman of the
board of directors of the Riggs Ma
tional Bank, had big Thanksgiving.
spending the greater part of the day
receiving Fluctuations on his eighty
first birthday anniversary.
Eugene T.. Thompson, president or
the Associated Stock Exchanges, will
give an address before the New Or
leans Exchange and other Southern
financiers next Tuesday night.
Walter G.. Case of Case, PomerOy
& Co, has been a recent visitor in the
financial district, the guest Of George
B. Chapman of Hartman & Co. Mr..
Case has just returned with the
Southern Railway directors from
their annual tour of the system.
Sales of ordinary life insurance In
the South Atlantic States showed a
gain in October compared with the
same month a year ago. West Vlr-
ginia and the District of Columbia led
this section with gains of q per cent
and 81 per cent for the month.
c. & o. October Surplus OF.
The Chesapeake & Ohio had surplus
of 81 1925 ,592 for October after charges,
against 1920 ,694 in October. 1926, but
for 10 months this year the total was
ahead of year ago, $25, 1851 $50,
against $23. 743,7J2.
Va ha Sh GtIa GS 81 e.