Evening star., 1927-11-10
v. R. & T. HITS $50
ON EXCHANGE HERE
Jump of 35 Points Over Last
Local SaIe-0ther D. c.
Securities Are Strong.
BY EDWARD G. STONE.

BY EDWARD G. STONE.
! Ten shares of Washington Railway
& Electric common sold on the Wash.
| ington Stock Exchange today at 43O.
| Il jump of 35 points over the sale OF
| 20 shares last Friday.
This is by far the highest price OF
| the year received on the local ex.
change for the stock. although 25
shares sod on the New York Curb
| last Saturday at 460.
The closing bid for the stock on the
J local exchange today was 43o. with
44O asked. This is marked advance
In the bid price over the offers mace
on the exchange yesterday.
The company's preferred stock was
also strong today. two ten'share iots
! being sold at 10Oh
Other local securities were firm.
Potomac Electric Power 6 per cent
preferred changed hands at HE and
112. ana the 512 per cent issue at
1O7A. Gas Light sold at S2k. Co
lumbia Sand & Gravel at 1O2 and one
share of Mergenthaler at liz.
American Security & Trust led the
bank stocks, selling at 450, 45O1s and
45O%. One share Of Union Trust
timed the scales at 800, Quotations
in the bond division were strong at
recent levels.
Sanitary Grocery Sales Up.
The Sanitary Grocery Co. today re-
ports consolidated sales. including
sales of the Piggly Wiggly Eastern
Co., for October as $1.747 ,S06.23. com
pared with sales of S1.65S,349.72 1or
the same month in 1926, gain OF o.33
per cent. .oa,
sales for the first 10 months of 1927
totaled $13,939,597. as against sl3'lI4,-
$40 in 1926, an increase of $50 per
cent. The company reports 315 SAM
tary Grocery stores and AZ PlgSly
Wiggly stores now in operation.
The company's preferred stock IS
selling on the Washington Stock En-
change around 1929.
Fleming Enters Third Year.
President Robert V. Fleming was
being congratulated today upon the
beginning of his third year as hea
of the Riggs National Bank. 1t was
lust two years ago yesterday tnat WI:
Fleming was elected to the head OF
the institution to fill the VACANCY
caused by the death OF Milton Ales.
The bank president has thrown all
v,
the leadership of the big Riggs orsanl'
zation and has met with brilliant CO.
oparation and success during that
neriod The banks total resources,
which were over SAL 100000 at the
time he took the helm, have now
oassed the $4S.000.0 900 mark.
Bankers Bulletin Appears.
The monthly bulletin of the District
Bankers Association reached tne
members today. 1t contains much In.
formation regarding the actlvltles oi
the association and urges special IN
terest and cooperation in the cam
paign soon to start in connection WIN
the 1928 Christmas CLUBS.
The work of the protective COM
mittee, of which Harry V. Haynes Is
chairman, also is brought to the front.
Eor one week every year. the mem.
hers are asked to report all checks re-
turned by the clearing house for lack
of funds. The data have just been
obtained and are being compiled Ior
benefit of the members.
The first time this information was
obtained Mr.. Haynes considered II
nothing short of amazing. An eHort
has been made to reduce the numoer
of mo funds checks since that time.
The result Of this years lnvestlga-
ton is being eagerly awaited.
Big Boost in School Savings.
Nearly 100000 pupils in the
schools of the United States are par.
ticipating in school savings banklnS
and deposited almost S24.ooo.ovo
during the year ended June 81, iSzI'
according to a statement issued here
todov bv w. Espey Albig. deputy
manager of the American Bankers
Association
Seven wears ago the savings bank
division reported 2,736 schools having
school savings. AS of June 80, 1927.
the number was 1c,67S. The number
Of pupils enrolled in schools having
school savings system has In that
| time increased from 1,015, ,653 to 4,65S.-
1856. The number of pupils part1cl-
pating in school savings has increased
| from ,651 to 3.S15.785.
These figures indicate that while
enrolment in schools involved in the
school savings banking movement in
creased by 35S per cent in the period
| covered, the numbers participating In
this type of savings have grown by
| 724 per cent.
The deposits, which seven years age
amounted to S2.800,000. are contrasted
with deposits during the past year of
about $23, 100000. The net savings
as Of June 80, 1927, were $9,464 1883.
and the bank balances. $39, 1877 .073.91. /.
: SUBSCRIPTIONS Pass Billion Mark.
More than billion dollars have
I been subscribed for the $400 900, 900
| issue Of seven months 3M Treasury
,, certificates intended to retire the out
standing second Liberty bonds. The
books were closed today.
The certificates will be issued on
November Is, the date of maturity
for the second Liberties. Treasury
officials indicated there would be no
| further financing until the regular
March quarterly issues.
Noted Woman Banker i'm City.
Miss Grace Stoermer. manager of
| the woman's department Of the Bank
of Italy. in Los Angeles, is visiting in
| Washington. Her department, or
branch. occupies an entire floor Of the
| bank building. the entire personnel
| being made up of women and operat-
| ing as an entirely separate bank for
women. The department has 5000
| depositors and more than $3.000.O00 in
deposits. Miss Stoermer Is member
of the woman's branch Of the Ameri-
can Bankers Association and the
Soroptomist Club.
Theater Stock Offering Coming.
loves, Inc. is reported to be plan
ming the sale Of between $15.O00,00O
and S2O,OOO,00O of 61a per cent
preferred stock to finance new