Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-01-06
MERCY feature
ON EXCHANGE HERE
Rises to 1903 IA From Last
Weeks Close OF 104 1-2.
Bonds Are Strong.
By EDWARD {. ST0Nt.

.raajnc on the Washington StccN IN
cna~~n TODAY when il advanced ~
three 10.share- lot sales 10 lVA ll"''
/ last weeks closing quotation 81 W. q
! Westminster Railway Il Electro pre-
/ ferrcd sold Mt 1o1'a. M = from si''
! 1907 CLOSE: Potomac Electric - pe'
cent nrefcrrcd sold at JOSS anu ilS
! frict National at ai6's anu -" = an an
other gain over last year C'"Nl''S
nriee National Mortgage y lh\'N'
,ent preferred came out ~ o"S.
Bonds were strong, NaSa''',, '"i
Railway < Electric general Us Sr'il'A
! ~ 1oGas Potomac Electric hS NJ Tvs =
IN a eco turnover. and washington
Gas Is series II, ut l0''
Conditions in Fifth District.
! rrr,ber details If the Federal Ike
..eI1e ranks report GOVERNS conan
! lions in this DISTRICT up 10 the eHoN'
vIrok in December state that huSll' s.
! feiIuros in November tojaled l"', th'
/ h,rhos; number reported fer amy No
/ yrInher since 1921. NoVombet, l'~'
! witnessed 100 bankruptcies Ill the "''
! trict Liabilities were lower 'han
wear aco. totalinS S2,a"o.6'S, COM
narr1 with S3.0G.,Ni1 III NoNtlh"''
! la2G. .-.,,.. .,.
J Tire number OF inNoluntarlly I'j'
+ workers. the report says, ApraFcHeN
/ ala not increase more IMAM the N,'
~nnal average IN the htth reserve u.N
trjrt during November. but me hl
mediate unemployment prnhieh
showed no Improvement. \ iafGr
number Of wcrkmen are un&hse 10 "i'
tain employment than at amy otht
time for several years. anu in some %
/ The LARGER centCrs the outlook Tor IN
/ near future * such as IN demand TIT
attention II officials and others de~lt
ans Of improving the situation.
! \ considerable number Of the dis
/ ,rir;s industrial plants are closed tenn
porarily or are operating win Skeie
/ ION forces. hut the marked decreaS'
IN construction work appears 10 ~
/ chiefly responsible for the existing
nrohleln. In several cities the author
! tiles and leading builders are attempt
/ ir~ 10 advance the letting OF contem
! Mated contracts. with sufficient sue
: cess TO indicate that Improvement MAJ
/ be expected in employment shorti!
after the New Year.
Time deposits in G6 regularly report
/ ing member hanks followed the sea
! zonal trend in November and eart
/ December. declining: from fetal Q
! SEAS, S66 900 on November 70 S2}@'
0s0 900 on December !. but on the iat
/ ter date stood above the s2ha -4i st0'
/ renrrted on December i, 1926.
/ Chain Store Sales Advance.
I saTas Of the McCrory stores for 1872
/ increased to $50 .331,644 from S35,596,
SIS in 1926, a gain Of II per cant.
/ Sales. Of +. W. Woodwork Go. 70
] 1927 rose TO s272.747.4 3o, from $253
sac .2ia in 1926. a gain of I.53 per cent
/ Decen1ber sales we're 1882 .o21
against s41.34s.747 in December. lH2t
an increase Of SIS per cent. safes @
English stores increased 80 per cen
! over 1926. but the figures are not ID
! Guided In the years total.
! :. s kresee CO. reports sales Q
Sf33.165, for 1897, against elIa
2l6A05 for 1896. q galn OF - rs
cent, and for December. @@3 $40. : : ! !
against Sz0,450.T5 III December. l9-t
an increase Of 1875 per CENT
II. & o. Earnings Estimated.
President Willard Of The Bal,imor
& Ohio estimates that the ccmpa n
earned about SIS Goa. geo Jess net III
come in 1927 than III the year before
This. he considers. talrIS g""d ~
eq,lf when il Is recalled t1ai there va
not only a falling eff N gross rev
en,ies last year bat also there "et'
/ increased operating costs que L
+ higher wages. -
This estimate indicates that the II
4 q. win earn Il round number.
e22 200 600 net. After preferred diN'
/ dsr,dg This wouid be eaalvasaut Z
S1b 4s share on tl4e $zlofa@.o e
common stock. In 1895 tbs COMPS =.
! earned $lf.@9 a share Ga sloi Wv
! common and in 1875 s}@,t3 a shaf'
/ ga tEe same amount 0f a@och
| Allowing for retirement Of $50. %"
GOO & Des' cent bonds the hfSt OF 'i'
year. 1927 earnings aork out 70 app"
siy33 q share on the increase
amount of outstanding stock.
Institute Glasses Announced.
The educational program '"a p
Ing,on CHI pter, American in~t,t*ie ~
BANKING, for the efeord eft4sef}ei wa
announced today by President !. =
tsnnar,s work begins January ~. a
course in business .oY"raf1nE ~ Et%1ne
offera8 fCr the fset time ard Nlji ~
taught by Walter H. Dunlap former
instructor I'm Ire University q Iowa
/ sreso ether courses which are added %
the last half yeaF's work ere credits
taught by Edward HeQnade. vice
president Of the Liberty National
BANK, aud ff.ht functions IN charge
j of u AahIy Lea*eu, "ho has jiS'
been made trust officer If The Aet
/ Che rte Bank h Tfust 60
The work in banking fundamental
aln be continued under Eliot II
Thomson Washington Loan h Trua'
70. commercial saw under i3ol'ha j
\ LAVE, member ~ The District ~ 90
su,abia bar. staud9td economies nnf
/ banking. r. J Donohue, instructor II
ecnnsnic@, catholic University. neRp
! table ius lEgmenfa, Raymond II
/ Dlckey. member District II Columbia
bar.
/ Heard IN finaneiai District.