Evening star., 1927-09-20
LANSTON REACHES
NEW HIGH RECORD
Stock of Type Machine Com
pany Climbs to 105 1-2.
Gas Light Also at Peak.
BY EDWARD C. STONE.


one sale was recorded at IS. Mergen-
thaler, selling ex-dividend, was
another strong local issue, being
quoted at 11O.
Capital Traction. also selling ex-divi-
dend, sold today at 104h, while
Washington Railway & Electric pre-.
ferred, came out at 50. Federal Amer.
lean Co. common registered 3S, and
Potomac 51a per cent preferred ap.
peared on the board at 1929.
Prices in the bond division were
firm with moderate trading at recent.
ly prevailing levels. For the first
time in many sessions there was no
turnover in any of the bank stocks,
which have recently aroused such
wide interest.
Death Causes Profound Regret.
Profound regret over the death OF |
Rudolph Kaufman was expressed by |
many bankers in the financial district |
today. Mr.. Kaufman became mem |
ber of the board of directors Of the |
National Metropolitan Bank in Janu |
ary, 1911, serving continuously since |
that time. He was considered by his |
associates as one Of the ablest mem |
bers of the board.
President George W. White, of the |
Metropolitan today paid a glowing |
tribute to Mr.. Kauffmann's ability and |
sterling qualities. HE was one of |
Washington's most loyal and substan- |
tial citizens" said Mr.. White, land in |
his death. the city suffers a great loss"
Mr.. White recalled that Mr.. Kauff- |
mann's father also served the bank as
a director for a great many years.
President E. J. Stellwagen of the |
TTy,t4 l.
who expressed keen sorrow over the |
passing of Mr.. Kauffmann. 1--WE sat |
on the same benches at school, played |
together, were brought up together |
and were lifelong friends" he said in |
expressing the feeling of his personal |
loss.
Commissioner to Award Honors.
Commissioner Sidney F.. Taliaferro
will attend the meeting of Washington
Chapter, American Institute Of Bank |
ing, tomorrow evening at the Willard, |
and award the prizes won by the stu.
dents last year. Prizes Of $50 are to
be given by the clearing house,
Charles J. Bell, Victor B. Deyber, Will
liam j. Flather, Harry V. Haynes. |
John Poole and George w. White. |
The winners will be made known for |
the first time.
The affair opens promptly at 8
o'clock, with singing conducted by
Percy S. Foster, accompanied by HI.
+. Kimball. The awarding Of scholar.
ship honors takes place SO early in
the evening that the candidates are ad.
vised to arrive early. The speaker of
the evening will be DR.. Samuel w.
Graflin of New York, brilliant orator,
whose address at the A. I. B. conven.
tion in Detroit aroused intense inter-
est. Mr.. Graf1in was a Washington
clergyman for Is years.
Bank Adopts CageIess Counters.
Renovations and alterations are be.
Ing carried on with great rapidity in |
the banking rooms of the Merchants
Bank Trust Co., of which Peter A. |
Drury Is the president. The new
mezzanine Is to be reached by a hand
some new marble staircase now being
installed, the staircase starting in the
rear of the main foyer. The present
tellers' windows are to be moved back
foot or two and the cageless coun-
ter plan will be adopted.
Chipman Returns From Europe.
George B. Chapman, resident part
ner of Hartman & Co., was back al
his office today after a 10-week trip
to Europe. He visited France and
Italy and spent much time in Holland.
MIR. Chapman was greatly surprised
over the increase in the cost Of travel
in Europe. The comeback of the
French franc and the Italian Ira has
made touring vastly more expensive
than at any previous time since the
war. The immense amount Of money
now being spent by Americans all over
Europe, however, is proving tre-
70 ~ iv, I,nlv irr
countries improve their economic
condition.
Trust Department I'm New Home.
The trust department of the Wash
ington Loan & Trust Co. has moved
into its new home in the buildings
big addition, after being housed in the
Ninth street wing Of the building since
1912. It is the first department to
move, and is on the third floor of the
new building. Andrew Parker, first
vice president, has general supervision
Of this branch of the company's
activities, and William H. Baden is the
trust officer. His assistant is Leonard
Marbury.
Frigitlaire Sales Gain.
C. l.. McCrea, local branch man.
ager of Frigidaire Corporation, an.
nounced at meeting today that the
total sales of frigidaire in Washing.
ton and the immediate vicinity has
passed the million-dollar mark for
1927. According to Mr.. McCrea, over
10000 kitchens in Washington are to.
day equipped with this electric re-
frigeration and many of the new
apartment houses now completing are
having it installed at the time Of con.
struction.
Personal and Other Notes.
President r. Golden Donaldson of
the Commercial National Is taking
two weeks rest following the great
strain which he has recently been
under.
Robert T. Jones, manager of the
stock department Of G. M. P. Muir
ply & Co., has returned after a two.
week vacation spent motoring in |
Canada, Maine and New Hampshire.
William c. johnson, assistant to |
the president of the Federal-American |
National Bank, Is passing his vaca- |
ton at Atlantic City.
William Nick. Stowell, vice presi- |
dent of the Lincoln National Bank, |
has gone to New England to pass his |
vacation.
The Farmer & Mechanics National |
Bank has declared the regular |
quarterly dividend of So per share, |
payable October l to stock of record |
on September 90.
S0uthern's Earnings Improve.
August earnings of the Kansas City |
Southern Railway were better than in
August last year, railway operating |
income of $600,S71 being an increase
Of $95,693. Railway operating reve-
nues were $13S,S5S larger. Results for
the eight months this year were less
favorable than in the same period Of