Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-03-02
SHARES OF BANKS ARE ACTIVE
IN TRADING ON EXCHANGE HERE
New High Marks for the Year Established
in Heavier Dealings Today on the
Local Board.

side of New York will prove of great
value to investors. When these
rules are adopted, as it now seems
probable that they will be. an in
weston in one city will know that
any stock or bond listed on another
exchange must be up to a certain
definite standard and must have been
investigated by able financiers before
it was placed on the board for trad
ing.
In brief. the move to establish
associate memberships would allow
standard investment houses to be-
come identified with the association.
The Associated Exchange would in
this way get the benefit of the
experience and suggestions Of a very
much larger circle of financial ex-
perts. Final action on both these
proposals awaits further discussion
and full approval of all the exchanges
interested. The New Orleans ses-
sions, however, gave them big
boost.
Haral,an Explains G.. & o. Needs.
President W. J. Harahan of the
Chesapeake & Ohio in announcing that
a proposed issue of 100000, 900 in COM
mon stock Is desirable in order that
the road may get control of the Erie
and Pere Marquette Railroads, has
again aroused the minority stockhold.
ers. George s. Kemp of Richmond
says that some other interest than
the G. & 0. must be served by such a
move. He scores the saddling of the
road with another line that has a
heavy bonded debt.
President Harahan takes the view
that other railroads will get controi
OF lines that they need for traffic out
let's unless action is taken at once.
He sees the growth of the c. & O.
hampered by delay. THE road must
go forward on prudent lines or be
throttled by failure to take advantage
OF it's opportunities" he says.
Large Forum Attendance Seen.
II. w. Burnside. chairman of the
institutes forum committee, believes
the local interest in the subject and
the ability of S. Young Tyree, a Rich
mond banker, to discuss THE Collec
ton Department" will draw an unusu
ally large number to the dinner at
the City Club on Wednesday. March 9
First announcement of plans has
aroused wide response. Applica
tions are again in charge OF r. II
Cox at the Commercial National Bank
Assisting in the arrangements are
j. Roberts and Oscar A. Thorup.
Bond Redemption Announced.
The Potomac Electric Power Co.
has given official notice of its inten
ton to redeem the company's pei
cent general and refunding mortgage
gold bonds. series A, due in 194l, or
April / Of the present year.
The company's plan to call in these
bonds was one reason for the appli
cation now before the Public Utilitie:
Commission asking for authority t.
issue over 100000 in new stock.
These bonds now being called in
are very widely held in Washington
and holders should bear in mind thai
after April they will cease to draw
interest.
Company Sells But One Creamery.
In conversation with officials OF
Southern Diaries Incorporated, TODAY
1t was learned that the report from
Baltimore that the company had sole
several creameries in Maryland was
incorrect. The Western MARYLAND
Dairy Co. has bought but one cream
cry and with 1t several outlying mill
collection stations. These stations are
places where the farmers deliver thei,
milk, all OF which goes to a single
creamery. The Southern Diaries Co
at present has about 40 creameries
which are In active operation and are
scattered throughout the Southern
states. A large amount of the stool
Is held in Washington.
Joins Hartman s Co. Staff.
II. M. Camp, who has been assoei
ated with Dean, Onativia & Co, has
joined the Washington staff of Har
riman & Co. as one of the assistant
managers. George B. Chapman, resi-
dent partner, announced today. He
has already taken up his new duties