Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-11-07

turnover. Railway & Electric preferred
moved at 1902. Potomac Electric
Power 5I2 per cent preferred sold a
100 and the per cent issue at 1879
washington Gas Light was higher ~
1903 although only five shares changed
hands.
Mergenthaler Linotype opened a
lO05a and closed at 100l2. Five shares
| Of Peoples Drug Stores preferred sole
at 100. and 80 shares of Sanitary Gro
cery preferred, came out at 152. Fit!
shares of Barber & Ross common
moved at % and $50 shares of Ma.
tional Mortgage g. Investment pre-
ferred at SIG
Bonds were active today, sales reach.
ing larger totals than in any recen'
sessions. Prices were firm. The lead
ers were Capital Traction SIS, George.
| town Gas SIS. Potomac Electric 6s anc
washington Railway g. Electric Genera
| IS.
Bankers Felicitate I. A. Fleming.
I. A. Fleming, dean of local flnanc1a
writers and editors, was honored at TIT
| weekly meeting of the luncheon grouI
| of the District Bankers Association
| held this noon at the Willard. Pop
recently presented the association WIFI
| a handsome silver cup to be known
as the Pop Fleming Trophy" to b.
| competed for at the annual conventions
| probably in a golf contest.
At the last meeting of the full asso'
| citation resolutions were adopted ex
| pressing gratitude for the gift. These
resolutions were placed in a most at.
tractive frame, signed by President
Robert v. Fleming and Secretary Ed.
ward j. McQuade, and today was SCI
for the presentation.
After mentioning the desire OF tht
association to express its gratitude II
| some form, the resolutions closed bl
! conveying to Mr.. Fleming the sincere
| thanks and appreciation of the mem
hers for the friendship the donor "ha:
always extended and for the very beau.
| tiful and enduring token he has selected
] as an expression of that friendship.
To the president of the association
and all the members, MIR. Fleming, who
was a special guest at the luncheon
expressed his profound gratitude.
Building Permits in Fifth District.
The number of building permits for
new construction issued in 80 fifth
district cities in September totaled only
| .277. compared with 1883 permits fol
/ new work issued in September, 1927
Fbut the estimated valuation figure was
S13.O18.O49, compared with 1921, 19s
| for September, 1927. The large in
crease in valuation was due to higher
| figures this year in Baltimore and
Washington, the former reporting ovei
sc. 900, 900 and the latter reporting
| nearly $3,750,000. In total valuation
| for all classes of work. including altera-
lions and repairs, the September, 1873
total of $14.308,989 shows an increase
= rs IS nnIaf the
! total of s9,o91, CTS reported for Septem-
Der, 1927.
ONLY ii of the 80 reporting cities
showed higher figures for September
this year, while 10 cities reported lower
figures, but Baltimore and Washington
| increased 1919 per cent and 1896 pei
cent. respectively, and six ether cities
gained more than 100 per cent. Rich
mond reported very small total for
September this year, falling 62.6 pei
cent below the September, 1927, figure
Contracts awarded in September
| for construction work in the fifth dis.
trict. including both rural and urban
projects, totaled $39, 342, 563, COMPARED
with $57, 464,2S0 awarded in September
| 1927, according to figures collected by
the F. w. Dodge Corporation. or tins
awards in September this year, Sl0,'
233,243 was for residential work.
| Total deposits in IL mutual saving:
banks in Baltimore at the end OF Sep
TENDER this year amounted to Slo4,'
837,7l5. compared with S1S3, ,480 or
/ deposit at the end of August this yea
/ and S169,7l8,412 at the end of Sep
TENDER, 1927. The amount on deposi
on September 80 was the highest OF
record. On October 10 this year, O.
regularly reporting member banks II
leading cities of the fifth district hat
time deposits aggregating STAT, 445, OOU
compared with $245, 405 900 on Septem
Der IL this year and $241 ,835,00O OF
October IL, 1927.
Thompson win Head Exchanges.
Eugene E. Thompson Of Crane, Parri
S- Co. has been renominated for tn
presidency of the Associated Stock Elk
changes for the coming year. The an
nual meeting takes place in Clevelan
and the election is set for Friday. MI
Thompson, who represents the Wash
ington stock Exchange, has devote
much time to the organization durln
the nast year and other members con
slider his return to Office well deserved
During his present { administration tn
exchanges in the organization adopte
uniform listing rules for all securities
the new rules calling for much NOR
complete information than many O
the exchanges formerly required. Elevel
exchanges now compose the associa
ion.
Local Boardrooms Crowded Today.
Only cnce in four years is as mucl
interest manifested locally in the open
ing of the New York Stock EXchang
as was displayed today. The board
rooms were crowded when the ticker
started and the first quotation cam
in. Brokers were filled with glee whe
the market opened far above where
closed on Monday. At the same tim
caution was being urged, attentlo
being called to the records which Sho'
that post-election markets do not al
ways hold their advances.
The majority of local bank official
appeared happy over the results, al
though they have been looking for pros
perity for some time to come regardles
of election returns.
Heard in Financial District.
George E. Fleming, vice president {
the Union Trust Co., is back at h
desk after a two months tour
Europe. He passed much time
Southern France, visited Paris for tW
weeks and spent another week in Lor
don.
Chairman Howard Moran of the pre-
tective committee Of the District Bank
ers Association, has called meeting {
his assistants at headquarters for Frida
afternoon.
The District Life Underwriters As
ISOLATION has changed its place of nee'
ing next Friday evening to the Airing
ton Hotel, Vermont avenue at. l. stree
Frank W. Pennell is to speak.
The total volume of new group Iii
insurance, written and paid for in tn
country during the first nine month
of this year, amounted to over 81
million dollars, which is nearly doub
the figure for the corresponding peric
in 1927.