Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-03-14
STORE CHAIN PLANS
WASHINGTON UNITS
Clarence Saunders to Include
Capital in Move to Ex-
pand Business.
BY EDWARD c. STONE.

1 ShuIluSIS, tllaH SttaG tNHSA, iltS COIil
nany is planning the formation of
So, 500 600 corporation to operate unit
III Washington. Chicago. st, Louis, Kan
SaS City. Denver and elsewhere.
The Memphis Commercial Appes
states that since Clarence Saunder
lost control OF his Piggy Wiggly enter
prise, the company which he went int
has grown until it operates sos store
N l57 cities. The present move, whic
will include the Capital. is intended t
double the number of stores now II
operation.
The Memphis reports state that tn
new capital is to be supplied by NeN
York, Boston and Fall River interests
The largest number of new stores ma
be established in Detroit, where 1t
proposed TO open $50. The enlarget
company is TO be known as the Clar
ence Saunders Stores, Inc. The presen
company declared three dividends earl
| this week. two on preferred and one OF
! common stock.
Lively Trading on Exchange.
Trading was heavy on the Washing
| ton Stock Exchange today, nearly al
| the favorites appearing during the SEES
sion. Peoples Drug sold at l24, SAM
| tary Grocery at 1861. Railway g. Elec
/ trio preferred at l037s. Capital Traction
at l0q7sali0. Washington Gas, 49,
and Sand g. Gravel preferred at los.
Lanston opened at 1921 and CLOSED
at l08ls, Mergenthaler moved at 103l4
| Potomac Electric Power s per cent pre-
ferred at ILL., and the 51a per cent is
sue at l07i4 D. c. Paper preferred
brought 90ia and 9o3s. Ten shares o.
District National Securities Co. sold a
1929. Real Estate Title Insurance Co
came out at 208i2.
The only bank stock appearing on The
board was American Security & Trust
which sold to the extent of II share!
at $50 Chapin-Sacks 8 per cent pre-.
ferred moved up to 1885, and 10 share.
OF Hotel Raleigh sold at par. Three
hundred and ninety shares of Nationa
Mortgage g. Investment preferred
changed hands at SIS.
Bank Conference Plans Progress.
Plans for the regional savings con-
ference to be held at Richmond on
April and are progressing rapidly.
The secretary. Jesse F, Wood. vice
president of the State-Planters' Bank
g. Trust Co. has sent out preliminary
announcements which show that Eliot
H. Thomson of the Washington Loan
e. Trust Co. will be among the speak
ers. his subject being Cooperative
Educational Advertising of Thrift Ac-
counts" w. Reginald Lewis, cashier
of the Northeast Savings Bank. is one
of the conference vice presidents Many
local bankers have already announced
their intention of attending the seS-
sions.
Judges Secured for Debate.
T..Ar he IoH. e. r,~SA afrl.i
between the institute chapters OF Rich.
mond, Va, and Essex County, N. j., u
be held at the Raleigh have been secur.
ed by Washington chapter officials. AS
Sociate Justice Charles H. Robb of thu
Court of Appeals of the District of Co,
lumbia, has agreed To serve. John Poole
president OF the Federal-American Ma.
tional Bank and former president o
the local chapter. will also officiate. anS
the third member will be Raymond B
Dickey, dean Of the faculty OF Washing
ton chapter.
That there viii be a general outpour,
| ing Of members and friends for the de
| bate is assured. Large delegations ar,
coming with the two debating teams
| Baltimore is to send another and much
| interest is being manifested here.
will be the first debate held here by out.
of-town teams since 1921 when Charlie
D. Boyer was head of the local chapter.
Federal Storage Dividend.
The directors of the Federal Storage
Co. have declared the regular quarter.
ly dividend due at this time on the pre-.
ferred stock Of per cent. The dis.
bursement is payable on April Is u
| stockholders OF record at the close o.
business on March 81. according 4
announcement by the president, z. K
Morris.
Wimsett Directorate Completed,
Directors of the Washington Wimsett
Co, organized to engage in the mak!nI
OF lnouStrlaI loans, at a recent meet
ing elected the following WASHINGTON
| business men to their board:
| Francis r. Weller. consulting enoi.
neer. president OF the Allied Utilize
Corporation and trustee of East Wash
| lngton Savings Bank; Samuel s CLARK
president of Samuel Miller az Co. Inc
| Frederick M. Pelzman, president Of IN,
Fashion Shops. and James A. Councllo
OF James A. Councillor IL Co, auditor
and accountants, and former presiden
o. the American Society of Certitiet
| Public Accountants.
Inc building, which the institution 1
iemooelinR at Ninth street and New
YORK avenue northwest. is fast nearin,
S91nipietlon. Ihis branch will make tn
'7Vsn opened under the Wimsett sys
common Stock Issues Out Today
The Equitable Trust Co New Yort
and j. A. Sisto IL Co. TODAY are of,eri,'
el,5OO shares OF the common stool =
Ine French Line, CompaRnia General
lTanS- Atlantique II the form ~ An,cr
lcan shares. Eacn American share ,en
rcSents one deposited French Shar,
carrying dividend rights for the a.
year, 1877. The stock is priced at Al
per American share. "
Financial District Note.
William ID. Hoover. president =, IA
"a1oilai savings IL Trust Co. was bac
a. ms oeSk today after two weeks oyt
nag al Southern Pines ~ c.
j, kaufman, IT., cashier Of n
International Exchange Bank, has bee
eiected director in the institution pres
uetL Joseph Schiavone announces
| me Government tax experts In N
| ocai banks were swamped with oues
| tlotlS To-Day by patrons Fastening
| row 'V"'"A
Liggett Drug Stores sales for III
hTst two months of this wear made
gain of 1898 734, or SO Der cent owe
t5ie same period last year.
standing room only was again
9 order IN the local broker Offices t0da
= IS the New York Stock ExchanQ
opened. Radio opened just 20 point
:, lower than yesterday
II secretary Mellon reports that th
H two issues OF short term notes offere
H early this week have been oyersuE
II Scribed
II Yesterdays record .000-share tran
II Ter OF Washington Gas Light stock q
II the local exchange was made by Y.
Booker " James O'Donneu.
Il PRICES ON PARIS BOURsE.