Evening star., 1928-06-20

moved at lo7ss N$&$z$ y
Potomac Electric E$MSSME<}lA ~
6 per cent pre-
ferred at llI&s, G. Bowie Chipman
and the 5'2 per
cent issue at l0T !. Three shares ol
American Security & Trust Go. stock
changed hands al 4s5S..
Peoples Drug Stores preferred opened
at 1881, and closed al l08l4 the day
turnover being so shares. Ten shares
Of Security Storage came ont at 134
washington Gas Light stock registered
esi3 and 10 shares Of Mergenthaler
Iintoype sold at i0ls., ex-dividend.
In the bond division Capital Trac-
ton SIS sold at l02. and Washington
Gas SIS, came out at l06 A baby Gas
q series b. changed hands ST l05, Sev-
eraI more stocks were added TO the en-
dividend list today.
Bank Reports Increased Building.
Building activities for 81 reporting
rities show an increase Of ii per cent
during MAY over that month last year
according 10 the Fifth Federal Reserve
Bank. New construction amounts 10 Sill
1887 and alterations and repairs tc
s2.4sl.lIi, or sI3.o4S sos. as compared
with So s66,al7 in May, 1927.
The smaller cities in the district
have huge gains, not because OF ap-
normal business, but due TO the fact
that their figures for the same month
last year we're far below the average
In spite of drastic steps agreed upon
hv the Tri-State Potato Growers Con-
ference a deluge of shipments has made
the nlsns ineffective. and growers are
beginning to fear that there is no hope
of a fair return from their crops.
Many acres will be plowed under IN
the Virginia area, IL Is indicated, as
the prices continue to tumble.
Chiprnan OF for European Tour.
George Bowie Chapman, resident
mariner of Hartman g. Co. leaves here
the last of the week TO sail for Europe
where he will join his wife and son on
an extended tour. Mr.. Chipmans son
was among a limited number OF young
men who were recently accepted by the
State Department for diplomatic assign
ments.
Mr. chipuan is one Of the veteran
washington brokers. having followed IN
the footsteps of many other men en-
gagged In finance and started his career
by putting UP stock quotations IN
hoardroou That was about 80 years
sro when he was a very young man.
Two decades ago, after advancing
through the various stages OF tne ousl-
ysess. he was made Washington repre-
asntative Of Hartman e. Co, and ABOUT
f,ye years ago was taken into the hrm
ex a partner. For many years tne
f-m's ioc,l ofice was in the COLORADO
Building, its present quarters. IN tne
Securities Building, at 72g F1Iteentn
street. being occupied on completion OF
NE structure two years ago.
Local Dividends Declared.
The directors of the National Sav-
krs &. Trust Co. have declared the
quarterly dividend Of per cent, pa
able Augu5t z.
The board of directors of the Distria
National Bank have voted the quar-
terry dividend Of per cent due at th@
time. II is payable on June 80 U
stockholders a record on June Is.
THE directrcv of the American Sc
eq,rttv A. Trust Co yesterday declared
the regular quarterly dividend OF per
cert and an extra dividend OF per
cent. Both are payable on July ~ 70
stockholders Of record on June 80.
THE Federal-American Co. directors
have declared the quarterly oiyloenos
On both classes Of stock, $3.50 on tne
preferred and 80 cents on the common;
Both are payable July TO stock OF
record on June n.
Merchants Transfer Meeting.
The board of directors of the Mer-
chants Transfer G Storage Co. yester-
day declared the preferred quarterly
dividend Of $l75 per share and the
seuli-annuai common dividend OF 50 per
xf1are. The books of the company VIII
be closed from June % 10 80, inclusive.
The directors also elected the following
oncers for the ensuing year: John L.
Newbold. president. Ben L. Prince, first
vice president; c. B. Buck, second wee
prtxident and secretary. and DAVID +.
Smith, third vice president and treas
urer At meeting Of stockholders the
entire board Of directors was reelected.
Bond Club Outing Friday.
More than 65 reservations have been
received for the outing Of the Bond
Club of Washington, which takes place
Frt6ay At the Burning Tree Club IN
MARYLAND. beginning at O'Clock. There
viii be golf. obstacle golf. indoor tennis
and miniature stock exchange Eiab-
crate prizes have been provided for the
winners IN the various contests.
The outing Is the first event Of the
kind planned by the thriving club,
which was organized in 1925. Wins!ow
p. Van DE Venter is president Of the
ci'lD and Kenneth Wales vice presi-
dent The outing Is in charge Of a
committee Of which Sidney Thomas is
chairman and Charles Carroll Morgan
y1ce chairman.
Baltimore bond men are planning tn
be guests Of the local club and this
VIII be the last meeting Of the members
Of the Washington organization before
the annual election Of officers Notices
sert the members indicate that Fri
days miniature stock market will be q
rare session fepiete with surprises.
Retail Food Prices Higher.
Retail food prices advanced a little
more than per cent from April is b
May IS, according 10 the Bureau 81
Statistics ~ the Labor Department
They were ] per cent Jess than on MAJ
IS last year. but show an increase o!
nearly 80 PER cent since May IS, 1918
During the month II articles IN
creased Including cabbage, u per cent
pork chops i3 PER cent, oranges. ].
per cent lamb and eggs. per cent
-four and navy beans, per cent ant
onions 3 per cent Eight articles de
Atfo2%e1 8ttAANta bFJlo&Jt1s pIi Ctf|A
butter. corn fakes, canned t0matOe'
and bananas, per cent, and cheese
vegetable lard substitute and tea. les
than one~lslt 0f per cent. Thirteen
articles showed no change, including
hens. fresh and eYaporated milk, bread
and corn meal
Increases in the average cost Of toos
occurred In 80 Of the s principal cities
ranging from 4 pes cent IN bouisyiil
to 3 per cent ia Baltimore. Birmingham
and Cincinnati; 2 per cent In Chicago
Philadelphia, 6t Paul, Scranton an
Washington and per cent IN Boston
Ne1 YORK. Detroit, New Haven and 81
Louis.
SILVER QUOTATIONS.
sgxpSyy yF4rsU r,,xn Gn fHsg par ell