Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02
WASHINGTON g. OLD DOMINION
LINKED WITH BIG RAIL MERGER
D. e. H., Western Maryland, Lehigh and
Wabash Among Lines Mentioned in Con-
nection With Plan Before |. c. c.

pOTLanL, II COuIU easily US COii1lcCtOu
with the Potomsc freight yards. Of
ficials OF the local railroad were not
prepared today to discuss the pro-
posed merger. Negotiations have APP
parently not reached any advanced
stage. Several Of the recent merger
proposals have been so visionary that
they were not worthy of any serious
consideration. The action of the
/. c. C. on this application will show
how serious this latest move really is.
Barber s. Ross Issues Listed.
The board of goverors Of the Wash
ington Stock Exchange today listed
the recently issued stocks and bonds
of the Barber & Ross Co. 1t was voted
to list for trading tomorrow $4,000
shares of the company common
stock, no par value. The total issue
was $4,000 shares, and this Is all out
standing.
1t also was voted to place on the
board 81 900. 900 Barber & Ross 10-year
6h per cent sinking fund gold bonds
dated January |. 1927. Both OF these
issues were brought out when the
company was reorganlzed few weeks
ago.
The present officers Of the company
are: Samuel Ross, chairman of the
Johnson, jr, vice president: Joseph
b. Thomas, second vice president; 7.
E. Rhodes, treasurer, and II. L. Light,
secretary.
Local Exchange Very Active.
Trading on the local exchange was
very active today and prices remained
firm. Capital Traction maintained its
price of 104A, Potomac Power pre-
ferred came out at 1093s and Peoples
Drug Stores preferred at 109.
Washington Gas opened at 69h
dropped an eighth and advanced to
691k at the close, sales reaching 80
shares. Railway and Electric pre-
ferred opened at 907s and closed at 81.
Merchants Transfer came out at
1919 and Federal-American Co. COM
mon at 331a.
Forty shares of Commercial Ma
tional Bank sold at 233. District Ma.
tional made a new high at pa.
American Security and Trust stood az
272, within point of the high this
year. and so shares of Continental
Trust changed hands at LOT. There
were two sales in Merchants Bank
and Trust at 1909 and 10 shares of
Riggs National Bank came out at
474k.
While there have been no sales, it
is very interesting to note that the
asked price on Washington base ball
stock has gone up some 10 points
since Iris Speaker was signed to play
with the local club.
Land Bank Bonds i'm Demand.
G. F. Childs Co. reported today
that there is an excellent demand for
the new 100000 issue of Potomac
ioinf Cf0nL< LAND pav,E bonds xOIiot,
were placed on the market yesterday.
These bonds are priced at 103H and
accrued interest. Every issue that
the local joint stock land bank has
offered has been quickly absorbed.
Alexander Brown Moves.
Alexander Brown & Sons opened for
business today In their new and en-.
larged quarters, at 7S7 Fifteenth
| street, having changed from their H
street location in order to get more
room. They are still in the Wood
ward Building, however.
The Washington Office is in charge
of A. r. Stewart, manager, his staff
including Lawrence M. Proctor, Mar
shall o. Exnicious and Lee p. Warren
The investment banking firm was
organized in Baltimore 127 years ago
and now has about 1000 Offices OF
banking connections, all over the
world.
Winston Now Bank Director.
Garrard B. Winston, whose resigna
| ton as Undersecretary of the Treasury
became effective this week, was elected
a director of the National City Co
yesterday at meeting of the board to
fill the vacancy caused by the death OF
| Ralph Crews. Mr.. Winston is joinine
| the New York law firm of Sherman &
| Sterling, counsel for the National City
| Bank. Of which Mr.. Crews was also a
| member.
Must Pay r., r. & p. S259, 900.
The city Of Richmond must pay the
Richmond, Fredericksburg & Potomac
Railroad Co. $3.50 900 and per cent
| interest from October /, 1920 The
Virginia State Supreme Court has de.
| MED the city writ of error in it's ap
| peal from the Judgment of the Law
and Equity Court of Richmond which
| awarded the railroad company that
| amount and which it held was the
| city's share in the cost of depressing
| the belt line tracks here and other
| work incidental thereto.
Other Financial Notes.
NOTIOlK southern hdlfOau earned
| $5.0S share in 1926 against $500 8
share in 1925, net income of $S13,577
| comparing with $512,523 the year be
| fore.
| Loew's Inc reports operating profit
| of $2,178,636 for the IL weeks ended
November 81, 1926. From this was de
| Quoted $879,485 for depreciation anC
| taxes, leaving profit of $1,299.151.
| January sales of Sears, Reebuck &
| Co.. were $22,080.174, against $22,590,
| 905 in January, 1926.
|
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