Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-10-31
tails ...... .$1,l83, O37944 sl.l4s,O52,o4O
Riggs Bank Stock Active Today.


Riggs National Bank stock led the
local Stock Exchange in volume OF trad
ing today, opening at 575 and closing
at 572. the days transactions involv-
ing So shares. National Bank of Wash
ington stock also appeared on the
board, IL shares selling at 80. Union
Trust Co. stock also came out today in
a very small sale at $40.
Capital Traction was fractlonally
higher today, when 35 shares sold al
1858, Washington Gas Light was
strong, selling ex dividend at l02 and
closing at 1929. Chestnut Farms Dairy
common moved upward, closing at l58
Columbia Sand & Gravel preferred
opened at 80 and closed at 9l5s on
turnover of 113 shares.
Commercial National Co. preferred
moved at 103A, District National Sc
curities Co. preferred came out at 1O1
Lanston brought ia and Mergenthalel
changed hands at 101. Merchants
Transfer & Storage preferred sold al
108.
There was considerable activity il
the bond department again today. re.
cent price levels being well maintained
Sellers 80" also appeared after severa
sales today for the first time in months
made for out-of-town interests, which
asked for the 80 days in making de.
livery. Such sales are investment anc
not speculative transfers.
New President Experienced Banker.
Charles A. M Wells, elected president
of the newly organized Citizens Bank OF
Riverdale, has been president of the
First National Bank at Marlboro since
his fathers death about five years ago
and has been director in the Marlboro
bank for Is years. Mr.. Wells is not only
an experienced banker but is thoroughly
familiar with the procedure required in
organizing banks, having been the guild
ing spirit in launching the Bank OF
Bowie, which made the enviable record
of paying dividends the first year.
Mr. Wells is well known in Washing
ton, being vice president of the Home
Life Insurance Co. of this city. He has
always been deeply interested in avia-
ton, and years ago made one OF the
first long. flights across the country. His
new bank at Riverdale is to open No
vember Is.
American Ice Earnings Gain.
Earnings of the American Ice Co., be-
fore Federal taxes and depreciation, for
the nine months ending with Septem-
Der were $4,616, 106. This represents an
increase of better than Is per cent over
the figures for nine months last year,
and constitutes a record for this period.
September earnings of the company,
before Federal taxes and depreciation,
were $744, 100. This compares with Sep
TENDER earnings last year of $3.50. 1888
Thomas Pettigrew, vice president and
treasurer Of the company, has been
elected chairman of the board in place
of Robert w. Kelly. deceased.
Farm Price Index Declines.
Reduced farm prices of live stock
wool. corn, and potatoes were chiefly
responsible for a decline of points in
the Department of Agriculture index
of the general level of farm prices
during the period from September IL
to October IS. At 1877, reports the
Bureau of Agricultural Economics, the
index is 2 points below october year
ago. Increased prices of small grains
cotton and cottonseed eggs and dairy
products were insufficient to offset de-
clines in other commodities.
The farm price Of hogs declined
about Is per cent from September Ii
to october IS, due largely to con-
siderable increase in market receipts
The corn-hog ratio also declined during
this period, from 1T to lib for the
United States, and from 1870 to H.
for Iowa, because corn prices did mo-
decline as rapidly as the farm price
of hogs.
Heard in Financial District.
Edward l.. Hillyer, vice president O.
the Union Trust Co. and also of thu
washington Stock Exchange, is bacl
! in the financial district after a recen
| illness.
F. P. H. Siddons, chairman of tn
District Bankers Association commit
tee on local trade activities, has calle'
a meeting of his committee for mex
Friday at headquarters.
Thirteen members of the staf OF tn
Federal American Bank have beel
awarded cash prizes by the institution
/ for courses completed in the America
Institute of Banking. Prize winners
and the cash awards, were as follows
r. Winton Elliott, $25; John c. Fran
zoni, $50; E. Taylor Lee, $25; James 7
Mitchell, $25; Robert B. Morris, $25
Francis G. Morrison, $25; l.. Harr
! Rider, S25; Walton L. Sanderson, $50
I Albert SchatZ, $25; Porter G. Shrevt
Edwin c. Steffe, 500; Raymond
Thomas, $25, and Curtis L. Thrift, So!
John G. Pennypacker, general part