Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-10-24

1
! new high. w 4 Ha,ahar.
In the miscel-
! laneous list Barber e. Ross common
came out at 221a and Columbia Sane
! g. Gravel preferred at 81 ~ Washing
| ton Railway & Electric moved at 1905
The bond list was also active. Gas SIS
series A, moved at los and the series
| issue at 1918. D. c. Paper IS sold a
96 and Capital Traction IS at 101l2.
Harahan Estimates C. e. o. Earnings.
President w. j. Harahan of tn
Chesapeake 6; Ohio Railway expects
! the roads earnings this year to equa
or exceed $40 per share on the com
mon stock. He says net income fol
| the last quarter should be about the
spending period Of last year. In view
of the reduction of coal stocks in tht
last year and a half and considering
the compromise that has been effected
between the Northern and Southern
coal roads on lake cargo coal rates il
seems to us that our earnings in 1925
should exceed those for this year.
Our September gross revenues vii
show a decrease of about per cent anC
surplus after taxes and charges de.
crease of about IL per cent compared
with last year. making the estimated
gross for the month about Sill ITS .00C
and surplus about $2.950,000. The first
II days of October showed car loadingS
of 91,799 against 60,6l9 last year. We
estimate that october gross revenues
will be about $l1 100000, compared
with $1l,722,9l6 last year.
IF November and December are a.
good as last year, final net for the year
will be around $24,695. 900. equivalent
to S20.S7 share on l.1T3, los shares OF
common. Last year earnings we're euua
to $24.19 a share on the common ano
In 1925 $24.7S share was earned or
1.170,S03 shares of common outstand.
ing"
Wholesale Prices Move Upward.
Continued upward movement q
wholesale prices is shown for Septem.
Der by information collected in repre-
sentative markets by the Department
Of Labor. The weighted index number
computed on prices in the year, 1925, az
the base. and including $50 commodi.
ties or price series, stands at l00.1 fol
September compared with 939 for Au.
gust, an increase of nearly 4 e.. Com.
pared with September, 1927. with ar
index number of 96.5, an increase Of
nearly 81 q is shown.
Among farm products grains adj
vanced appreciably in price, while live
stock and poultry showed still larger
increase. The group as a whole averaged
over liz q higher than in the preceding
month. Foods also increased in average
prices, due to the continued upware
movement of butter, eggs, fresh anc
cured meats, and potatoes Flour anc
sugar prices were slightly above those
OF August.
MarstOn Joins Wcstheimer e. Co.
Hammer Reside, manager of the
Washington office of Westheimer d
Co.. members of the New York Stock
Exchange, announced yesterday that
M. Marshall Marston has become asso-
ciated with the local office. Mr.. Mars
ton was born and reared in Washington
and is well known in financial and bro
kersgs- circles. where he has many
friends who were today congratulating
him upon his new connection.
Wimsett Company to Expand.
Charles A.. Delmar, regional vice pres
ident for the. Washington area of the
National Wimsett chain of snlall-ioan
banks, who has just returned from a
conference of company executives IN
New York City. has announced that still
further expansion in the organization Is
contemplated. The executives, he said
decided to establish IL new ofices In
various cities.
Bond Club Officers Meet.
The officers and governors Of the
washington Bond Club held their firs'
meeting of the season yesterday after
noon. Plans we're made for the t1rS'
noon luncheon which will take place
the last of November.
Among those present were Kenneth
S. Wales. president; Frank H. Ellis
vice president; Sidney T. Thomas, Sec
retary treasurer; and l.. M. Proctor, w
w. Mackall and Charles Carroll Nor
gan, past president.
Financial District Notes.
Eugene G. Adams of johnson &
Adams has returned from Chicago
where he attended the funeral Of H
G. B. Alexander, chairman of the boarc
of the Continental Casualty Co. Mr.
Alexander had been president Of ths
Continental for Is years until few
months before his departure, following
his election as chairmen, when he was
succeeded by H A. Behrens.
! The District Life Underwriters AS.
ISOLATION will hold golf tournament
at the beever Dam Country Club Fri
! day afternoon. Many prizes are Il
/ be presented and Earl d. Krewson i
chairman of the committee.