Evening star., 1928-04-25
GAS LIGHT STOCK
AGAIN SETS RECORD
Reaches SO for Top Mark.
Peoples Drug Pfd. Out for
the First Time.
BY EDWARD c. STONE.

BY EDWARD c. STONE.
Washington Gas Light stock is still
climbing. making another new high
mark again today by reaching 80. The
stock opened at 92la. but 30 of the
days 47-Share turnover changed hands
at the top price.
The newly listed Peoples Drug Stores
preferred stock was traded IN today for
the first time. three small lots selling
at ll0 Capital Traction stock sold at
Ito. Merchants Transfer & Storage pre-
ferred at l07 g, Potomac Electric Power
81 , per cent preferred at i08ia, LanSton
at ll0 and Mergenthaler at l0ll2.
Thrty-one shares of Washington
Railway & Electric preferred came out
at l02li. There were five sales total
ing SIS shares in Merchants Bank &
Trust Co. stock at ISL American Sc
Curity & Trust was the only other
bank stock TO appear, 10 shares selling
at ass. y. c, Paper Co. preferred sold
at 50
In the bond division Chesapeake &
Potomac Telephone 5S of Virginia
| moved at l04lA. Washington Gas IS,
Series B. at l07 y, and the Series A
bonds at l06 In the unlisted depart
ment Chapm-Sacks per cent preferred
| sold at l07
LanSton Meeting Comes on May ;.
The annual meeting of the Lanston
| Monotype Co. will take place as usual
! in Alexandria on Thursday. May 3. In
addition to the election of officers SCv
cral amendments to the bylaws have
/ been suggested by the directors. The
directors have proposed change in
/ the wording to specify that the chair
man of the board and the president
! shall be elected from the board OF
I directors
! 1t is further proposed that the duties
! of the secretary shall be performed by
| the assistant secretary in case the
/ former official is absent. The same
rule is Also proposed To apply TO the
| treasurer and assistant treasurer. The
remainder of the time will be given TO
annual reports and the transaction of
any other business that may properly
come before the meeting.
c. g. r. Phone Earnings Reported.
The March report of the Chesapeake
& Potomac Telephone Co. just filed
with the Public Utilities Commission.
shows a net income tor the month of
Sl46,001 as compared with Sl23.693 in
February and sl4a.223 IN March. 1927
Total operating revenues for March
amounted to S224.390.
The statement covering March of this
year and March. 1927, shows the fol-
lowing comparisons:
March, March
Total .opt rating revenue S833 g3i 500 SIS
Total operating expenses
and uucollecuole {e5.51s i53i@S
Taxes assignahie 10 oper-
abous a-t'f- HotV"S
Operating income sle9.955t sl79 5ss
Incorporating income. o.ios LOS
Gros. income ....... sI65.44s sI3333o
Rents and miscellaneous
deductions .....-....- @.Sof A,iNs
sIg@.55a sles s32@
Interest deductions .... 1882 2@22l
Ne, income sI4s.9ea sl46OOI
Eaupnen, added during first
three months Of ia2s Sob ,353 ol
/ hthtehiehRs e'.. '-e'' s's .t- "'"sF~"''"
| Ne; additions ............SI SID3.9i5 -
On March 81 there were 1929 tel
| ephones connected with the switch
boards in the District Of Columbia
This was an increase Of 522 for the
month OF March and 1884 since jan
uary /.
American Exports Holding Up.
President Coolidge has been informed
by Secretary Hoover that American ex-
ports as a whole are as large as last
! years. With some increase In the man
ufactured lines.
This conditions was explained 10 the
President as being due 10 the stabill2a-
ton program engaged in By most for
eign countries, by the reforms in their
currency systems, such as returning 10
the gold standard and 10 their general
economic improvement.
North American Earnings Up.
The North American Co earned $4.l2
a share on the common IN the year
ended March 81. against 1910 share
| the year before. Net income rose 70
! $50. .209 Ola from si7,357.925.
Lively Election ~ Promised.
| Tomorrow night viii be a big night
at Washington Chapter, American In"
/ gtitute Of Banking when 81 out OF the
| Sc candidates TO the national conVen-
| ton in Philadelphia are 10 be elected
| As every one Of the So nominees want
/ 10 take In the convention. some de-
/ cidedly exciting contests are assured.
/ The nomination OF officers and gov
ern0rs for the year i92S-l929 viii be
/ held In the chapter rooms al the same
time While some Of the officers viii
simply be- advanced. there are also some
contests looming over the ren0mina~
tIons
The voting starts al $50. after the
dismissal Of the regular evening classes
Bell Arranges Lawn Party.
Charles ]. Bell has extended invita-
tons 10 the members of the Washing
ton Stock Exchange ~ lawn party
al his estate on Woodley road next
Monday afternoon al S O'Clock. The in
yitations received today caused great
merriment In the financial district.
Z They were printed as a facsimile Of the
sheet which shows the issues and daily
I sales on the local exchange. Mr.. Bell
+ has made up list of securities Of his
oTn IN WHICH The name Of every mem.
4 Der was worked into some stock or
T bond The lawn party Is one which
Mr.. Bell wished ~ give on his recent
birthday Anniversary, but the weather
at that time was TOO chilly.
Heard In Financial District.
The Riggs National Bank started
/ work today on the construction Of
/ tnfee-stgfY office building on The tite
of the post office on Park road. which
] viii eventually become the home Ot the
/ Fourteenth and Park road branch,
/ Riggs acquired the property when the
Hamilton Bank Wa6 taken over The
post oiflee VIII be located IN The new
building when IL is finished
f1ayI1pIt saving viii 20 into effect IN