Evening star., 1927-12-06
SANITARY STORES
PREFERRED At TOP
Capital Traction at New High
for Move-Pepco Issues
Are Strong.
BY EDWARD c. STONE.

Capital Traction stock sold at n ne
high on the present move, Sanitlr
Grocery preferred sold at a new hic
for the year. and the Potomac PoWe
issues were equally strong in today
trading on the Washington Stock E'
change. Bonds also made n stron
bid for place among the high quota
. tons.
Capital Traction opened at 110i
and closed at 1l01i on 50-share turn
over. Potomac Electric Power 5l2 pc
cent preferred sold at 10612 and close
at 1065s. The per cent issue opene
up the day at 1925. The trading i
the two issues amounted to 16
shares.
Ten shares of Riggs National Ban
stock appeared on the board ut 40
Columbia Sand and Gravel wa
strong at 10}'.. while Nergenthale
changed hands at 1861. TWent
shares of National Mortgage Il II
vestment preferred moved at 81. an
! so more sold at 6ls.
The first bond sale was in Capita
| Traction IS at 10i12. Chevy Chas
Club SIPS came out at 10ll2, Potoma
| Electric first IS at 101 *. Washing
ton Gas 6s, series B, opened at 106"
! fer a $500 bond. Later a baby bon
| of the same issue sold at 1912. Their
was only one sale in the series y issue
a $l00 bond selling at 106l2.
Theater Party Great Success.
The Institutes annual thcatcr part,
at the National last night proved
great success, the house being packe,
! to the doors with financiers represent
! ing every bank in the city. AS tn
! house was sold out, the oducationa
work Of the local institute chapter vii
! receive a splendid financial boost.
The committee deserves hichcs
praise. 1t takes lot Of courage t.
guarantee the theater management
! S3.5h0 in advance, Only the ticke
| sale above that sum goes to the in
stitute. This year. however, Ear
| Carroll's "Nanities" proved such
! drawing card that the institute vii
get the largest amount ever cleare,
from the annual party.
The show made a decided hit
Moran and Mack, the Two Blacl
Crows. were at their best. and that l.
all that need be said. The other fea
lures brought storms of laughter
throughout the fast-moying perform
ance. Chesapeake Bay, brother o
Hudson Bay. was quick to pick JOIN
Poole and Lanier p. McLachler out O.
the audience, proving his mind read
ing" ability.
The local committee arranging the
annual event included l. j. Roberts
chapter president; Alfred ". sherman
Miss Eleanor l.. Dankmeyer. j, T
Fletchal, Charles B. Hagan, John f
keener, H. +. kimball, Raymond P
/ .Ophfn Misc Io1o,, -
j. Moran. l.. H. Phillips. Joseph NJ
Reilly. Miss Rose Royce, NJ. +. Sho
walter, Edwin c. Steffe. Thomas c
Tolbert. G. NJ, Van Hoesen and Rob
ert G. Whitton.
Reserve Bank Directors Elected.
William w. Hoxton, chairman O.
the Federal Reserve Bank of Rich
| mond, announces that Charles l.. RE
man. president of the Western Ma
tlonal Bank of Baltimore, has beer
elected by member banks in Group
as Class A director for the Rich
mond bank. Edmund Strudwick. chair
man of the board of the Atlantic Lif,
insurance Co. of Richmond, has ais.
been elected in the same group as
Class B director of the Reserve Banl
to succeed himself. Mr.. Rieman ais,
succeeds himself, the present terms o
both these men expiring on Decem
Der l.
Banker Entertains Noted Guest,
Edward J. Stellwagen, president o
the Union Trust Co, has as his cues
John c. Lodge. mayor-elect of Detroit
Mr.. Lodge is in the city in an effor
to secure the next Republican ma
tlonal convention for Detroit.
Only recently Mr.. Lodge jumped
into national prominence by beinc
elected mayor of his home city. de
featlng Mayor Smith by 10000 votes
The feature of his campaign wa
that he made no speeches and n,
promises. The mayor elect is a for
mer president of the Detroit Cit,
| Council and has been IS wears i,
the service of the city.
AT the time of his election the De
troit papers announced that he wa.
granduncle of Col Lindber;. Hi
| business is manufacturing bdrts TO
automobiles. Mr.. Stellwage b,cAm
| intimately acquainted with him dur
| ing several seasons spent al the sam
| Summer resort in Maine.
Christmas Trade Booming.
| christmas trade in washington i
reported to have taken great stride
during the past few days. The cit,
simply swarmed with Christmas buy
ers Saturday, the stores being jamme,
and the streets almost blocked will
| automobiles
| The Yuletide shoppers started o,
early again yesterday, and today wa
| considered a busy one in the stores
Part of that s6,OO0,000 that loca
Christmas Savings Club member
saved this year is being freely spent
November Chain Store Sales.
November sales of S. S. kresge CO
rose to $12 .0I0, 1892 from $l0,956, So 4
| November last year, and for IL moi,-
this year to $l10, ,047 from $9S, 767