Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-11-09

81 many lines of bus
/ Roha,t G Stupz mess will achiey
new high RECORD
! for the full year and actually sur
pass the 1926 figures. Industrial pro
| duction in the steel, automobile ant
building construction industries WI
score new high records in 1928 and thes
! basic lines are representative OF nu
merous smaller trades. Retail trade !
active from coast to coast.
Money rates." the report adds, NAV
NOW ceased somewhat, but are still high
for the passing of the peak season de
mand in commercial credit has peel
offset bv a renewed advance in broker
ace borrowings. Present stiff none
rates continue to keep the bond marke
/ depressed and have also caused tn
stock markets to turn irregular, but tn
Federal Reserve banks and membe
banks alike are in sound condition.
Our tabulation of earnings Tor IN
| first nine months of industrial and trad
| ing corporations is 10 per cent ahead 0
| 1927, while the railroads and pubil
utilities are counted upon to make SUB
stantial gains also"
Sanitary Grocery Up Points.
Sanitary Grocery preferred features
| trading on the Washington Stock Elk
! change today by jump of 8 points T.
| 100. The stock opened with the sal
of single share at 152. same as tn
| last previous quotation. The bid on tn
stock was then steadily raised until
10-share lot sold at the new hlgi
| of 100.
The sharp advance in the stock was
| no doubt, due to the advance on thu
New York Curb yesterday of the com
pany's common stock. The common
scared to 400 per share, gain OF ?.
points on the day. Merger and expan
sion talk in connection with other chair
grocery stores was assigned as the rea
son for the surprising activity in thu
stock in New York.
In today's trading in the local market
Riggs National Bank warrants agar
moved upward Quotations on the war
rants closed yesterday at 305 and opened
today with an overnight gain of II
points, coming out at 315. Sales wer'
not as heavy as yesterday, however.
Mergenthaler Linotype stood Out
prominently in the days sales. The
stock opened at 1902 in a 60-share
turnover. The next sale was 100.
share block at 1005s. The market
closed with Is shares moving at 10034.
Capital Traction sold at LOG, Potomac
Electric 5ls per cent preferred at 10!
and 140 shares of National Mortgage
& Investment preferred at 5l2. On
Capital Traction $1,000 per cent bone
changed hands at 1925.
Stunz Factor in Banks Growth.
Robert S. Stunz, vice president an
cashier of the Park Savings Bank, fa
i,1aya ia iHNf l1o oxxtfl
of the institution, which has just pait
doubled the size of It's capital.
Mr. Stunz started his banking ca
reer by what is considered the bes
route to learn the business-from tn
bottom. His first job was that of run
ner under Howard Moran in the oil
Home Savings Bank at Seventh and T
streets, and from that beginning ad
vanced through various positions Il
manager of one of the branches.
He was an assistant national BAN
examiner under owen T. Reeves, VIII
| is now chief national bank examine
In the New York Federal Reserve dis
trlct. He gave up examining banks t
become assistant cashier of the Par
Savings, later being made cashier an
having the additional duties of an &C
tive vice president placed on his Shout
1 0erS only few weeks ago.
In his early banking days MIR. Stun
took many courses in Washington Chan
ter, American Institute of Banking.
Merchants Bank Appointed Agent.
The Merchants Bank 81 Trust CT
has been appointed one of five America
institutions to act as agent for the Mum
ster d Leinster Bank, Ltd, of Irelan
in handling all kinds of Irish-America
banking transactions, President Peter A
Drury announces. The bank in Irelan
mas been seeking closer connection
with American banks because of stead
lily expanding trade.
The four other banks with whic
similar arrangements have been mad
are the Baltimore Trust Co., Chathar
Phenix in New York, Merchants Ma
tional in st. Paul and the Peoples Ma
tional in Elizabeth, N. j.
Bank Director Returns Home.
William Knowles Cooper, director i
the Federal-American National Banl
has returned from trip to Minneapoli.
where the Y. M. c. A. general secretar
spoke at dinner at which 500 repre-
sentativeS Of the leading churches G
Minnesota were present. One ma
| travelled 331 miles to attend. DR., Haa.
one of Turkeys leading surgeons, spok
on American good will in Turkey. Ed
ward w. Decker, president of tn
Northwestern National Bank, Mime
apolis, presided.
Palestine Banker Visits City.
Isaac Gerstenkorn, president of tn
Bank Bnei .Brak, which operates il
| Palestine, is in Washington on a shor
visit. Jehuda Dun Mileikowski, repre-
sentative of the same bank, will remain
in this city for several weeks.
Some months ago an American com
mittee of the Bank Bnei Brak wa
formed. The officers in Washington
are: Morris Garf1nkle, vice president
Herman Kur, treasurer, and Arthur NJ
Schiller, secretary. Louis E. Spiegler
the counsel.
.
NAHVNrn Hr-A~T