Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-21
Three new PEAKS
ON EXCHANGE HERE
Pepco SIS, Railway Pfd. and
Sanitary Grocery Pfd. Sell
ct Tops for 1927.
b. EDWARD C. STONE.


on the Washington Stock Exchange
TODAY. when Potomac Electric Power
consolidated 5s sold at 1037s for TN
first time. and Washington RallWa!
q Electric preferred came out a
1nO%. this also being fraction apov'
the wears best previous marx. Ih'
third is sue reaching new top va.
SANITARY Grocery preferred. Whici
sold at 1854. u.,.oro
Other local issues were also stto1s
CAPITAL Traction IS moved at Iva =
Potomac Electric Power os at aoo y
and Washington Gas 6s, series a, a
1861. Potomac Power o12 pei oen,
stock sold at 1918 and the per cen
issue at 111%. Fifty shares OF WASH
ington Gas Light sold at S41s anu -
of Mergenthaler at 1O4A.
Peonles' Drug Stores preferred aealll
changed hands at the high Tor the
wear. 1"2. Capital Traction resiSlereo
In 1rhere were sales of $50 SHARES
~ National Mortgage Investment
preferred at SIS and 5A. me eA
dividend list is now the longest II laa
been for some time.
Mere Bonuses and DIVIDENDS.
Tho directors of the District Ma
4,onaI Rank Yesterday declared the
n
OF the staff. 1t is based on the saiaries
,.aceivcd and the length of service
THE regular 8 per cent quarterly
A;vidend and per cent extra declareu
yesterday by the American security
e. Tr,,st Co., are payable on Jan
nary 10 to stockholders of RECORD De-
csn1ber 81. The transfer BOOKS VIII ne nc
closed from January l to 10. Inc nan
months salary voted as a ChllsliiiNS
bonus has been distributed.
THE directors of the Seventh Street
savings Rank have declared the regu.
lar sen,i-annual dividend of per cent
novahle December 81. to stockholders
Of record December Is.
Nev, Storage Director Elected.
The directors of the Merchants
Tranfer & Storage Co. nave electeu
David p. Smith to the poaru. MI
smith il at present assistant secretary
treasurer of the company.
The board yesterday afternoon aLso
declared the quarterly oivioena Oh pr.
ferred stock of $1.75 per share. ana
1ha semi.annual dividend of 80 per
share on the common stock. John L..
Newbold is president, Ben l.. frihce
v;ca nresident and c. B. Buck treas
urer of the company.
Roth stock issues are listed on the
local exchange. The last sale IN tne
common was made at 1S2 ana IN lhe
preferred at 1O6.
George A. Fuller Issue Is Sold.
The offering of $4,000 shares OF
George A. Fuller Co., cumulative ana
participating Sc prior preferred STOCK
at $3.50, made by National CITY ~,
has been sold. Application VIII De maue
to list the stock ON the New 1ork
stock Exchange. On complexion VI
present financing there will be out
Standing these as 900 shares of prior
nreferred. out of $4,000 authorized, IN
addition to $1,000 shares of cumulative
preference stock, out OF 60,oUo au-
fhorized. and 80, 900 shares OF common
stock. the amount authorized. all OF
THE philadelphia Dairy Products Co.,
rnc ST. per cent prior preferred STOCK
offered here yesterday by Eastman.
Dillon & Co, and Stroud, Kurtz q Co.
was also reported today to have peen
sold.
Seven Bond Issues to Be Redeemed.
8 w. Straus & Co. announce that
seven. bond issues, amounting TO s1i,-
600 600 at the time they were brought
mt. have been called as Of January !.
at premiums ranging from z TO
noints. These issues, which bear cou-
mons of from 6 to per cent, nave
been refinanced by banks ana lnsur-
ance companies at 5 and 51 per cent.
The issues are SIS 100000 Murray Hill
once Building first IS New York;
IS .0OO. 900 Ambassador Hotel proper
ties first IS atlantic City, $soo,UVo
Madison Park Building first 6s tChl-
cago): $3.50, 1000 141 West Seventy-nrse
street Apartment Building hrsf rs
CNew York;; $360,000 Garden Apart
Wy $50 600 (partiai calD Lincoln Hotel
General mortgage IS (New York;, ana
$4,000 Oartial calD Hotels Statler
Co.'s IS.
Decline i'm Wholesale Prices.
Wholesale prices declined in Noyem-
bar about one-third of per cent, ac-
cording to Department of Labor sta
fistics, based on prices OF 55o COM
modities. This is slight reactlon
from the recent upward trend, the IN.
dex number standing 96.7, compared
with 81 for October this year ana ss.4
for November last year.
OF the $50 commodities, increases
xcere shown in 157 instances. and de-
creases in 154 instances, while there
were no changes in 2S9.
Mellon Discusses Gold Exports.
There is no cause for concern at
&ha outward movement of gold from
fbe limited States, according to Secre-
farv Mellon. He thinks the movement
Is the natural result OF trade oevelop-
ynents. and believes that no one can
nredict what the future GOLD situa.IoIl
will be. The Secretary observes tnas
this country has been on tne se az
of gold exports several times IN tne
10 of and vet there have been circum-
Stances arising to change the oiee'
ton of the gold movement.
Second National Votes Bonus.
A. a meeting of the board OF d.
,ectors of the Second National bahh
hold this forenoon the regular PEI
rent semi-annual dividend was us
clared and an extra divldeno VI Y
ner cent. Both are payable January 1
The directors also voteo an ga;
vratl,ity for the employees In Keeping
with the Christmas season.
Rank Employees to Celebrate.
The employees of the Federal-Ameri'
can National BANK WIN ho"o 'SAA
annual Christmas party tonight at the
Columbia Country Club. The officers
and directors attend the 1uietioe
events and the families or the entire
personnel also take part in the gay oc-
casion. Without anticipating what
santa may do. it is proper to state
that a number of surprises are likely
TO come from the tree. Dancing VIII
nAd Docf RI the naTtV.
Heard In Financial District.
The North American Co. has made
application to the New York Stock
Exchange for the listing of 1889
additional shares of common uAlou'
nominal or par value. The Childs Res
,taurant Co. also wishes to list S,57'
additional shares without nominal Of
,par value.