Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-01-09
DISTRICT NATIONAL BANK BODY
IS PLANNING SECURITIES FIRM
Prospectus Mailed Stockholders by Robert
N. Harper Reveals Project-Preferred
Stock Offering Is Proposed.

ferred. which was nearly AS active as
Capital Traction. opened at 90as and
closed at 9ol2, Twenty shares of
Federal American National Bank
stock sold at 3l2.
Both type stocks were out, Lanston
selling at % and Mergenthaler at
ITO. this price being the highest re-
corded for some time. National
Mortgage and Investment preferred
sold 10 the extent of 140 shares at rs.
There was but one bond transfer.
WASHINGTON Gas IS selling at par. In
the unlisted department. 100 shares Of
Miller Train Control sold at !.
According to the weekly compila-
ton by w. r. Hibbs & Co, Washing
ton Gas Light stock was the most ac-
tive issue during the first week of the
new year. Capital Traction, Lanston
Monotype and Potomac Electric
| Power preferred came next in the or
der named. Capital Traction first Us
led the bond division.
| Friends Laud Commerce Expert.
| Announcement that William G..
| Redfield has Joined Redmond & Co.
is of special local interest, as he has
great many personal friends mere.
| 1t will he recalled that he was elected
! to Congress in 1911 and becarle Sec
/
| ing in the cabinet until 1919. He was
the first Commerce Secretary after
| Ibis and the Department of Labor
were separated. His work here dur
ing the war was of great importance
and value. The former Secretary es
| tahliShed a very important Govern
ment department.. his associates still
| lauding the manner in which he made
| 1t function.
Mr.. Redfield was director in the
| Equitable Life Assurance Society for
| eight years and was twice president
| of the American Manufacturers EX-
port Association. He has been al
most around the world on recent eco
| nomic investigating commissions.
Addison Asks Bankers Support.
Information compiled by the Ma
| tional Thrift Committee. indicating
| the chief aims of Thrift week, are as
! follows:
Work and earn; have bank ac-
count; record expenditures: make a
! budget: carry life insurance: own
your home; make a will; invest in
safe securities; pay bills promptly
and share with others.
Francis G. Addison. chairman of
Bank day during Thrift week. has
asked the cooperation of all banks in
giving to the public information re-
garding Thrift week. also expressing
the hope that assistance will be given
on Budget day in the distribution of
the books during the week.
Southern Diaries Sales Up.
Southern Diaries, Inc, reports
gross sales for December of S721,566
compared with S5S2,674 for the same
month of last year, an increase of
s138.S 91. or over 231a per cent, and
for the ~ months a gross of Sill
204,S59, against $9.O45,S5O for 1925.
an increase of S2,159 .009, or over a
per cent.
Sales of s. S. Kresge for December
totaled S2e45O,734, an increase of
more than 13 per cent over December.
1925. For the IL months they were
,21S,007, or 1875 per cent ahead of
1925. when they amounted to $105,-
965,610.
Other Financial Notes.
The national banks and many
others hold their annual meetings
next Tuesday, for the election of di-
rectors and of officers for the coming
year.
The New York Stock Exchange
has admitted to dealings rights of
Gotham Silk Hosiery Co.. Inc, and
rights of McCrory Stores Corporation.
Reports from the various divisions
of the clothing industry lack uni
fornnity. In general, however, the
unsatisfactory showing of the first
six months of 1926 was counter
balanced by the increased sales for
the last six months. according to ad-
vices to Dun's Review. In spite of
unfavorable selling conditions. gen.
eral distribution shows a gain of
around 10 per cent. when compared
with the records of 1925.