Evening star., 1928-04-16
LANSTONL LEADER
ON EXCHANGE HERE
MayfIoWer Hotel Co. Bonds
Offered Here Today--Gold
Exports Grow.
BY EDWARD C. STONE.

Lanston Monotype led trading on til
Washington Stock Exchange as th
week opened. The stock opened at los
During the session 1S5 shares change
! hands. the price dropping fractiona(i
until the close at i0S&.
Mergenthaler also appeared on tn
board, - shares selling at loS, 10 .
1925 and 10 more at 1925, Sanitar,
Grocery preferred again sold at lt0 ant
so shares of Peoples Drug Stores ore
ferred moved at l2S. Railway g. Elec
trio preferred changed hands at l02'S
Federal American National BAN
stock sold at sac five shares OF Colum
hla Sand & Gravel preferred at 100. arc
fSve of Norfolk & Washington Steam
boat at So4. Potomac Electric Power
per cent stock brought llS and the 81
per cent issue loSis, Gas stock res.
iStered 90ls.
Trading in bonds was quiet but firm
Gas SIS sold at I0sl,. Gas 6S series Z
losi,. and the A bonds, lo6i,.
Mayfiower Hotel Bonds Offered.
/ An issue of $500 coo Maytlower Hote
Co. first tclosedl mortgage fee sink'ni
fund 6 per cent bonds is being Offered
here today by HalSey. Stuart & Co, tn
American Bond s. Mortgage Co, ant
Graham. Parsons s. Co. The bond
are due April /. ia4S, and are priced a
100 and interest.
| The Navflawer Hotel is the larges'
hotel in WASHINGTON and was com
nleted pnd opened 70 the public in Ffb
ruary. 1925. The bonds viii be secured
hv a first mortgage on the land owned
in fee. enmoriSing total area Of Ga Coz
snuare feet end the building located
thereon and furnishings. furniture anC
enujument The property has been ap'
praised at Si2 900. 600.
Il In connection with the new offering
4 IL is announced that the entire prop
erty waS leased in February. 1927. unu
/ December 81, 1851. to the Mayflowel
Hotels Corporation Of America at q
ere suatea annual rental,
4 The proceeds from the sale Of the
bond iSsue will ha used for the retire
mrnt of fen nresent outstanding mort
cage indebtedness. barring hirher cou-
non rates. and for other corporate pur-
noses
Gold Exports Smash Records.
Exports Of gold from the United
States IN foreign countries were large;
during Merc, than for snv other month
on record. The Federal Reserve Board
announced toaay that dnring this
month annrovinatslv SOS 900 oa0 left
the country. but the bosrd estimated
4 the net loss Of poId at only S56.o0a 600
DIRE to earrna~sinc hv FOREIGN countries
with Feder"l Reserve banks
The board nointed out. however. that
both gold exports and currency de.
manTs had con1e To ha factors raakinc
FIR firnIness in the current credit situ-
alton"
+ Bank Opens New Addition Today.
The Security Savings &. Commercial
Bank opened its new addition al III.
corner cf Ninth End G streets ,cdav
the original bank being turned over Il
! the contractors kOr two months over.
hauling. The new annex is most at.
traetive and he's a large lobby and Is III
TO the minute iy counter arrangements
ard other banking facilities
+ Patrons EXPRESSED much interest ii
the new Quarters tn3ey e-d exten4es
~nnvrat'''at 10 she nfse~rs ri tn
han, When fan alterations in the o's
b7nksng ronEas are r~nnr'et>d th7 gpac'
win be more than doubled.
/ General Business Called Sound.
Concern in regpud to the speculative
h0onl in the stock market but conf.
i dence as n the general state Of bl'si-
{ 7er~. r-oartailv i1 reSDs~t TO jnlpr0vins
zgyiciiItmrai conditions. is variously ex.
~-es~ad bw Eseuesrs from al sections oi
/ he Tinted states novv Pr Augusta. Ga
~ s.tsnd th~ annual Sp-'p~ meeting
! u th~ e--~csssiya cotneil Of the Amer.
3 cen Bsnk~rs' Association
E~7cng the bnrk~~s pssirg their view
- the cnersae Of today's Spring Tnaet.
4s1ev Nnwma A~&-
uazln-vood. yv n rn~1vear Te@vg@ I.
woodwer4 ~. u. Ma'l0sf. w s Nc.
Fv~@s fsef"ir A TraylcT 4 p Gian'
7ini Francis H. Sisson and w. r. Morc.
slct1re
Banker Has New Summer Home.
George o. Watson, president Of tha
Liberty National Bank. viii soon 0peT
a new Summer home on South River
not 50 very far from Annapolis. Mr.
Watson has had a place on this rive
for several years. but since the close o
last season has purchased a new one
He has bought an old colonial housl
that stands on high land. yet close 4
the water, and gitfi commanding viev
Of the river and the equally beautiful
inland scenery. With the house MFR
Watson bought many acres of land al
ready covered with trees and box hedge
Close TO the bankers home is the sit
~ the old ferry where, century age
Waxhingtnnians crossed the river whil
travelling the old post road TO Annapolis
Wholesale Prices Higher.
Wholesale prices Of commodities ad
yaneed three-tenths Of ] per cent dur
Tag the past week, according 10 thi
index complied here today by thi
National Fertilizer Association. SharI
advances IN the group Of grains feed
/ end iiyest0ck and moderate aaVancfi
Ia textiles. lumber and hides were part
/ ~ offset by declines In fats. foods ant
EJJDhate Of ammonia
Based on 40 commodities and l92t
as 100, the index stood at 95.6 per cen
on April ~ 9s.3 week ago. 83.B I'VE
weeks ago and 954 three weeks ago.
Heard In Financial District.
Peter A. Drury president of the Mer
chants Bank Il Trust Co, has fetufne'
from 3 weeks visit 81 Atlantic Cits
mere he finally conquered q sever
cold
The Bank Womens Club will hol
rs monthly meeting At the Y w &
on April Is Miss Mary J Wintree. on
" 'be members Is just completing z
I years in active banking in which pro
fession she has made brilliant reeore
The committee booming the cafnpaig
for the election ri r Huut0n Lett
20 the executive council ~ the Amer
can Institute ~ Banking viii hold Y
next meeting Wednesday afternoon 4
1 headquarters. Chairman r.. J, McG@sIad
announced t9dsg.
The g Is Kresge CO reports tia
/ Easter wefk sales showed an iDcfeas
~ mare than 81 900 000. OF 42.93 ~
/ cent
Thf Wall Street journal says tia
just two things SIC being talked abot
ia Washington the stock market an
tie cherry blossoms
Net income of the Western UniG
Telegraph ca for the quarter ende
March 1T was 2s33 254, against e3
24I 0fI In flge egfYeeD0nd3qQ fpeFjGd Ia