Evening star., 1928-11-04

warrants are giving the leading mathe-
maticians on the exchange severe cases
OF brain fever. How to record the sales
so that the public would understand
what was taking pace proved another
puzzle which was cleared up only after
q lively argument.
The warrants were quoted at 900 bid
and 295 asked. Most of the trading
yesterday was in fractional shares. The
warrants will remain on the exchange
until December 10 when the options
expire.
Mechanics Bank Stock Of List.
At a meeting earlier in the week the
board of governors Of the exchange
ordered that there bo admitted to trad
ing Riggs National Bank warrants en-
titling the holders of 26,500 shares to
subscribe to $500 shares at the rate of
$3.50 for each new share: further that
the trading be in units of warrant to
subscribe to one full share, the COM
mission to be $3.50 for full warrant
and so cents for any single fractional
order: that is to say, for any order to
buy less than one full warrant"
At the same meeting 1t was voted that
the stock of the Farmers & Mechanics
National Bank be stricken from the list,
this action being due to the merger of
Farmers. & Mechanics stock have been
sold on the exchange this year. The
low for 1928 is 325 and the last sale
was made at $50.
Capital Traction Climbs.
Other sales on the Exchange yester-
Gay included Capital Traction which
scored new high on the present move
by selling at 106 in a 74-Share turn
no isx,
came out at 100, Potomac Electric
Power 6 per cent preferred at 1l3%,
while the 512 per cent issue moved at
l09.
Railway g. Electric preferred came
out at 10914 and closed at 1892. Mer-
genthaler Linotype sold at 100$4 and
1005s. Ten shares of Sanitary Grocery
preferred registered 1912. The only
bank stock transfer was In Merchants
Bank & Trust, at 1874.
Fertilizer Executives to Meet.
Charles j. Brand of this city. execu-
tive secretary of the National Fertilizer
Association, announces that 800 leaders
in the industry will meet at the fourth
annual convention in Atlanta on Mo-
vember 13 and IA.
The outlook for business in the South
viii be one of the chief topics discussed.
NJ. Markham Glannery of Washington.
chief of trade practices conferences of
the Federal Trade Commission, will dis
cuss Trade Practice Procedure.
The Economic outlook" will be pre-
sented by the economist of the associa-
ton, W. Arthur Shelton of this city.
Harry c. Butcher, Washington, manag-
ing editor of the Fertilizer Review,
published by the association, will pre-
sent the results of a special survey of
the advertising activities of the fertili-
zer industry which will show for the
first time how the industry apportions
its advertising with farm papers. city
papers. trade journals and for direct
by-mail campaigns.
"Agriculture's Position on Muscle
Shoals" will be outlined by Chester H.
Gray, Washington representative of the
American Farm Bureau Federation, and
Government Relations to Our Indus
try" win be presented by Charles j.
Brand.
Financial District JOttings.
Robert v. Fleming, president of Riggs
National and of the District Bankers
Association, was one of the busiest
bankers in the city during the week.
Details of the consolidation of his bank
and the Farmers & Mechanics required
n VAST amount OF WOTK IN ADVANCE OF
the ratification vote by the stockhold-
ers. The merger brought two more
banks under Mr.. Fleming's guidance
and placed that much additional re-
sponsibility upon his broad shoulders.
The Commissioners of the District of
Columbia have notified Eliot H. Thorn
son of the Washington Loan & Trust
Co. that he has been made men,
Der of the board of managers of the
Citizens Relief Association.
The Chicago, Terre Haute 6S South
eastern Railway has been authorized by
Interstate Commerce Commission to
issue S951 900 first and refunding
mortgage 50-year per cent gold bonds
to be delivered to the Chicago, Milwau-
kee. ST. Paul & Pacific in reimburse
ment for expenditures
October output of motor vehicles is
estimated at $4,000 units, compared
with 434,9l5 in September and 227,510
in October last year. by National Au-
tomobile Chamber of Commerce Pro-
duction in first 10 months this year
: was 4,068,727, surprising 1925 record
pf 062 110