Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-01-15
railway COMMON
HOLDS. HIGH MARK
Three Sales in Short Session
on Local Exchange-Sec.
ond Forum Dinner Set.
by EDWARD c. STONE.

Washington Railway & Electric
common is maintaining the dizzy
heights which the stock attained dur.
ing 1927. there being three sales total.
ling IS shares on the local Stock Elk.
change yesterday at 462. This Is
points under the last sale. The mar.
kct closetrwith AGO bid and 465 asked.
The market for other stocks was
quiet but interesting. Mergenthaler
which has come back about 4 points
from its 1927 close, closed the week at
1885. Washington Gas Light sold ex-
dividend at S4. Sanitary Grocery pre-.
ferred held strong at los. and Colum.
bia Sand & Gravel was also firm at 104.
Potomac Electric So per cent stock
closed at 1885 and the per cent pre-
ferred up to 111A.
action was a $4,000 turnover in Poto.
mac Electric Power Consolidated SIS
at 1924. A $1,000 Railway & Electric
4 changed hands at 91%, while Barber
& Ross 6i2s brought 95. There was a
$4,000 sale in Washington Gas IS,
Series A. ut 1865. and a similar trans
action in City & Suburban SIS was re.
corded at 99ia.
Three shares of Munsey Trust Co.
bank stock sold in the unlisted depart.
ment at l.5. The usual calling of the
quotations in this list revealed very
few chances. The bid price on Park
Savings B:nk stock was advanced five
points to Is. and the bid on District
Title Insurance Co. shares was raised
to As.
Second Forum Dinner Announced.
Chairman II. w. Burnside of the In.
stitute Forum committee yesterday
announced the second forum dinner
meeting of the season, which will be
held Tuesday. January "a. at the
Lafayette Hotel. The speaker will be
Edmund Brown. jr., investment coun
selor of the Brookmire Economic Serv.
ice.
The subject will be the Business
and Investment Outlook for 1929
The speaker has done considerable
writing, and is author OF Marketing.
He formerly was connected with the
Federal Trade Commission.
Chairman Burnside looks for a rec
ord attendance. During the past two
years a great deal of interest has been
manifested in these forum discussions
All these dinners are informal. The
dinner arrangements are in charge OF
T. Hunton Leith and the other men,
beers Of the committee are J. c. Dulin
ir., and F. II. Cox.
Capital fractions 1927 Traffic.
The annual report just issued by
the Capital Traction Co. shows that
the company's lines carried 59.1S2.9sl
revenue passengers on the street cars
during the year compared with g.
21S001 in 1926.
Revenue passengers carried on the
buses totaled 1.604.3lS. az compared
with 1908 in the same period in
1926. As noted IN the financial state
ment this gain in bus traffic boosted
the bus passenger revenue to $2l0..
1882. n gain OF $36.12S.f5 over the
1925 figures.
There was also an increase In spe-
cial bus revenues of $7.o15.90 during
the year. The revenues from opera
tons other than transportation made
an increase of Sl4.291.14 during 1927.
and the company reported an increase
in incorporating income OF S11 .s47.3l.
the total for the year being S43.032. 30.
These increases. however. were not
large enough TO prevent the total net
income from rejecting the falling of
in street car traffic alone.
Insurance Head Sees Good 1898.
According 10 reports gathered by o.
j. Arnold. president of the American
Life Convention. when the outlook for
the population as a whole Ia consid.
cred. a good year ahead may be ex-
pected. Mr.. Arnold's forecast is based
upon his analysis Of reports to him OF
the great life insurance companies
which are members OF the convention.
The fact that some businesses and
many individuals will not reach n
condition OF peak prosperity during
the year must be discounted. says MIR.
Arnold. by the fact that the outlook
for the great majority of the 1l7.000..
600 people in the Emitted States is de-
cidedly good.
Treasury Offer Well Received.
Secretary Mellon considers that the
early response TO the Treasury's ex.
change Offering for third Liberty
bonds has been gratifying. lie ex.
poets to obtain a reasonable amount
Of third Liberty bonds through the