Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-07-24

It and can easily obtain the latest
rating on it.
The local Stock Exchanges present
listing rules are considered high grade
in every way. But the new rules will
call for answers to further questions
which financiers consider of consider
able Importance. Issues now placed on
the board will have added standing III
financial circles and command greater
public attention
Copies Of the new listing rules are
expected in few days. and Secretary
c, j. Gockeler will forward them to all
| corporations wishing to place their Is
! sues on the Washington Exchange. II
! is understood that two corporations are
awaiting an opportunity to list their
securities on the local board,
The Associated Stock Exchanges in
cnlde Baltimore Detroit, Cincinnati,
| Cleveland. Columbia. Hartford, New Or
leans. Philadelphia. Pittsburgh, ST.
Louis and Washington,
Committee ChairmanShip Landed.
Eliot H. Thomson's reappointment as
! chairman of the advertising committee
| OF the District Bankers Association by
! President Robert V Fleming is highly
! gratifying to members of the organtza
/ ton. TO which he has rendered such
brilliant service in the past Perhaps
! Mr.. ThomSon's best work for the assoc
| citation has been in connection with the
1 Christmas savings campaigns.
! The last report of his committee
/ showed that there are now s3l78 club
| accounts in the local banks, with a
! total amount subscribed 70 be paid dur
ms the year of S7046 89T, This is a
gain since last year of per cent in the
number of accounts and of II per cent
in the amount subscribed
The first united efforts III the way
II comparative advertising i'll this city
were made in 1895 That year the
number of accounts reached 66,2T9.
while the total subscribed amounted to
S4447.74i. These figures show what
tremendous strides have been made
since then, largely through the commit
tees efforts.
Scores Of other advertising problems
come before this committee every year
ali of its meetings being of vital I'M
portance. Mr.. Thomson, the chairman
has been prominent banker for years
holds an important position with the
washington Loan 81 Trust Co. and Is
member Of the faculty OF Washington
Chapter. American Institute of Bank
ing
Washington Gas Goes Higher.
washington Gas again drew special
attention on the washington Stock EN
change today when it climbed to e7la
after closing yesterday at 81. The days
turnover was 100 shares
Capital Traction was off fractionally,
closing at l047s Two bank stocks were
out. Merchants Bank g. Trust selling
at l58 and American Security g. Trust
at Asst. Peoples Drug Stores sold high
or today. reaching l0Sls Other issues
maintained recent levels.
Bonds were quiet Potomac Electric
Consolidated IS selling at 1924, Wash
ington Gas SIS, series B. at 1864 and
Railway & Electric As at 9234
Land Bank Earnings Increase.
Increased assets of Sl5,643, 769 for the
first five months are reported by the IL
Federal Farm Land Banks, total report
ed May 81 being 81 ,259. $50 S07 against
81 .243 CAT .o3S at the end of the year.
Earnings. before deduction of deprecia-
ton of real estate owned, showed de-
crease for MAY. but an increase for five
months this year May, 1923. earnings
were reported as STAG, 20S. against $780,
5l4 for May. 1927.
Earnings in the first five months we're
So 997. 76l against S3,Sll,7e6 for last
years period Total loans closed were
down. and holdings Of United States
Government bonds and securities de-
creased by s10,732 900. Farm loan bonds
outstanding increased about S6,000,o00
over the five months.
Assets and liabilities of the Joint stock
land banks increased S7.070. 900 for FIVE
months. with farm loan bonds outstand-
ing increasing 100000 over this pc
Rod. Loans closed May. 1923, totaled
SO 70I 900. against S7,055,050 for May.
1927. and loans closed for the five
months we're S2oS7l 300. against $50.
Tl5.550 for the same period last year
Total assets and liabilities were report
ed as $3.50 COG, 5a4. against 1853 839 IT'S
for December 81. 1927. Statement Of
earnings is not given
Assets end liabilities Of IL interme-
date credit banks May 81 is reported
ss sii4.542st5, against $500. 20s, 727 for
December 81.
G. e. O. Revenues Reveal Slump.
June surplus of the Chesapeake &
Ohio was S2.347.633 after charges
against S2,424263 in June last year,
and for the half year Sl0.942. 373 after
charges and sinking fund requirements.
against S13690,2 in the first half Of
1927.
Initial Dividend Voted.
Investors of Washington, Inc. an in
! vestment trust of the management
! type. yesterday announced declaration
! of its first senniannual dividend of 3
/ per cent on its 6 per cent dividend
4 cumulative stock, series A, payable Au-
! gust / to holders of record July 81,
/ 1923.
Cleaned in Financial District.
! Only routine matters came before the
council Of administration Of the Dis
| trtct Bankers Association yesterday
! afternoon. Those present were Robert
V. Fleming, w. j. Waller. Albert S.
! Galley, e. j. McQuade, w w. Spaid,
/ Charles n. Doing, John n. Riordon and
/ J. Frank White.
/ Austin c. Waller. vice president Of
/ the International Eank and president
/ Of the Washington Wimsett Co. is
/ spending his annual vacation with the
! thrones AZ Atlantic City.
maurice Otterback president Of the
Anacostia Bank, finds Clifton Springs,
/ ~ r.. such q fine place to recuperate
mat ne VIII remain there several weeks
/ before returning to his desk.
Il. = T., Booker, investment banker. is
IeaVine Washington tonight for weeks
vacation at Watch Hill. r. l.
The Bank Women's Club will hold its
july meeting al the Collier Inn tomor-
row evening, Miss Lois A. White IRE
sizing. The dinner begins at q and
members are permitted 10 take guests
Te@T7e7T~ree . s-~4-4-a-