Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-02-15

Sanitary Grocery preferred changed
hands at its best price. ITO. reached a
short time ago Washington Gas Light
was strong at 49,.
Bonds we're firm Railway e. Electric
Is we're off a bit. recording sales at
923. and 927s. Barber g. Ross o.ss
opened at 94i. and closed at 81: Poto-
mac Electric Power IS brought Ivy
a series B gas baby bond sold at lob,
while the DAYS final sale was $4,000
turnover in Capital Traction IS at
l04i2.
McCrory 1872. Earnings Higher.
Report of McCrory Stores Corporation
and subsidiaries for year ended Decem-
Der 81 1927. shows net income OF So
500 8O3 rs after interest. Federal taxes,
etc. equivalent after preferred olvi,
dends 10 s5.26 a share on the 4566b3
shares combined common and class
stock outstanding This compares WIN
net income of S2390.9l1.12 in 1926. OF
50 so a share on 455,772 shares COM
bined common and class stock OUT
standing at the end OF 1876.
&C rompared with s33.5e6. 853,49 in 1925,
an increase of II per cent. The COM
pany was operating go stores at De-
cen1ber 81, 1927. an increase OF Il stores
during the year.
Attending Trust Conference.
E. E. Mountjoy. local representative
of the American Bankers ASSOCIATION,
H Siddons and David N. Houston
of the American Security g. trust 20
are among the Washington BANKERS at
tending the Midwinter conference %
the trust company division OF the a.
a. Commodore
New York. The conference closes FIJI
day night with a banquet
One of the most interesting state.
ments made yesterday related 10 the
number of prominent men who WITHIN
the past two or three years have named
corporate fcuciaries to see that the
wishes expressed in their wills were car
ried out through trust funds Some OF
the men adopting this plan were mem
toned. including Edbert H. Gary. FRANK
A. Munsey. W. D Packard. j Ogoen
Armour. John Washburn. the hour
miller: Andrew w. Preston. president
United Fruit Co.; r. J. REYNOLDS. TO-
bacco manufacturer; John F. Dodge
automobile manufactures. and W. M.
Wood. head Of the American WOODEN GO.
l. c. c. Train Control Hearings Set.
The Interstate Commerce Commission
has sent out notices Of further hearings
m automatic train control devices and
block signal systems which will begin
February o. About $50 railroads have
been requested TO have representatives
present to report on Just what progress
has beer made in adopting safety de-
vices which were ordered by the COM
mission many months ago. The hear
ings are considered OF unusual impor"
tanre.
The outcome OF the hearings will be
closely watched by stockholders In such
firms as the Miller Train Control Co,
Railway Signal Co. and several others.
Special Banquet Committees.
The special banquet committees OF
Washington Chapter A. l. B.. which are
preparing for the. big event at the Will
lard Saturday evening. include.
Entertainment-A B. HenZe, w B.
Hibbs &, Co, chairman: James c. Dulin.
American Security e. Trust Co: Miss
Catherine Krieg. Riggs National Bank.
and Edwin c. Stefe. Federal-American
National Bank Publicity-Frank M.
Perley. American Security &, Trus, Co.
chairman: Bruce @. Crandall. CONNER
cial National: o. Lehman. Security Saw
ings &; Commercial: Stuart S. Ogilyie.
Second National: Miss Rose L. Royce.
Washington Loan a. Trust Co. and VIII
liam @. Winstead National Metropoli-
tan Bank Seating-Harold w Burn
side. Farmers and Mechanics National.
chairman: Frederick II. Cox. CONNER
ciai National and John NJ. DeMarco.
Seventh Street Savings Bank. Decora-
ttons-MiSs Mabel v. Royce. Washing
| ton Loan g. Trust Co, chairman: H.
2. Kimball. American Security a. Trust
Co; Miss Esther Lau. Riggs National.
and Miss Alice II Wilton. First Ma
tional Bank. Alexandria. Va.
Lincoln Quotations on Thrift.
Lincolns birthday makes the following
quotations Of his views Of Thrift cspe-
, ciaily timely:
NO men living are more worthy TO be
trusted than those vino toll up from
| poverty
| Prosperity Is the fruit OF labor.
| Teach economy. That ID one Of the
| first and highest virtues II begins with
! saving money"
! That some should De rich shows that
! others may become ilch, and hence Is
! Just encouragement 70 Industry and en-
| terprise"
! President Finds Trade Even.
President Coolidge has summarized
his views IN present business conditions
over the country by expressing the
! opinion that business Is going on at this
Time lust about as IL did last year The
President has heard of new important
developments In the business world
According N his information some
lines show improvement, while other
lines are not improving. and some con-
Germs are taking on men while others
are running not quite at fun power.
These views appear tn conform close
~ with the latest reports from the Fed
era! Reserve Board and by statements
regarding bank cleafings
Other Financial Notes
joseph Sanders. first vice president
II ins Bank of Commerce IL Savings,
VIII entertain the officers. directors and
entire staff al his hume an IiIden
street, overlooking rock Greek Park,
1Hezt Saturday attefnoOn
Work L. coming Oh rapidly on the ad-
dItiDn " THE Security Savings ~ Com
rnefcial Bank. Ninth and u streets and
viii probably be completed In April
The addition doubles The banks floor
spare and viii furnish very attractive