Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-15

SponSible for II M aSSE
districts gain. S$$SSSSM ,MS$S $
Eighteen of TN SNW M
reporting store EszE&SaSskss
sold more goods Wade H. Cooper.
last month than in
July. 1927 Washington in leading al
reporting cities reported a gain Of Z.
per cent Richmond followed with
gain Of 90 per cent. Huntington W
Va, showed the largest decline. IS pc
cent.
, Two mail order houses in tho diStric
! reported a gain Of 221 per cent for Jul,
over the same month last year
Eight chains of and 10 cent store.
I report a gain of GO per cont. The Ma
/ TONS average compiled from 4S4 store.
/ was 81 per cent
/ The Middle Atlantic States, which
/ include Virginia. Maryland and tht
/ District of Columbia. made record fol
/ construction contracts in July. accord
ing to the F. w Dodge report The
| Southern States. which include the two
i Carolinas. also had an increase in Jul,
! contracts.
Committee Holds First Meeting.
The local bankers associations com
+ mittee on standardized banking form.
/ held its first meeting yesterday after.
/ noon at headquarters. Chairman Fred
erick H. Cox presiding. Other member.
Of the committee, most of whom were
/ present. include Thomas j. Groom. J
Damn Faber. John D. Howard. Arthur
j. Linn, Raymond G. Marx, f. j. Nc.
Quade. Frank Owings c. D. Radcliffe
Raymond l.. Schreiner. Charles w
Shoemaker, Edward E. Swan and James
Trimble.
The committee had an informal dis
cussion of some of the work it intends
to take up during the year
Bank President Back From Trip.
Wade H. Cooper, president of the
United States Savings Bank and of the
Continental Trust Co. is back on Amer
lean soil after an extended trip in Eu-
rope. He is expected back in the city
tomorrow. While away Col Cooper
toured England, France Germany and
Switzerland. travelling with his son. who
is teacher in Vanderbilt University
The banker returned on the Empress
of Scotland landing in Quebec. So de-
lightful did he find the picturesque old
city that he decided TO remain there a
few DAYS.
Another banker returning from his
vacation is Frank OwingS, cashier OF
the Bank of Commerce g. Savings, who
took sea trip to Jacksonville. Fla. On
his return ne spent the remainder OF
three weeks at his cottage down on the
bay.
Albert S. Galley. vice president Of
the Lincoln National Bank, leaves here
Friday for a months vacation which
he will spend at Old Orchard. Me. He
will make the trip by motor and have
the same cottage he had a year ago.
Deal REEVES Historic Memories.
Purchase by Crane, Paris & Co. OF
the building at S2i Fifteenth street
northwest. which the investment bank
ers will occupy on September i, has
drawn attention TO this historic section
of the financial district The corner
site on which the Liberty Bank now
stands, the present home of Crane,
Paris g. Co, and the ground on which
stands their future home, are among
the city's most historic spots. During
the Civil War President Lincoln S
cavalry escort was encamped on this
ground. Later the famous place OF
John Chamberlain occupied the houses
erected there and probably more inside
political deals were put over in his
hospitable rooms during half dozen
administrations than in any other
meeting place in Washington. The adj
vance of the financial district is grad
ually displacing the Older historic build
ings and nothing but the memories OF
a few old-timers remain.
MergenthaIer Active Today.
Mergenthaler Linotype stock came t.
the front on the Washington Stock EX'
change and prevented what otherwise
would have been a rather dull session
/ The market opened with sale OF 100
| share block at 100i2. The next l0t
/ shares sold at 100i2 and 80 shares ther
/ changed hands at 1904. The tradlni
/ ended with 120 shares selling at l0O1s
| The days turnover totaled 35l shares
/ the heaviest trading in this issue II
/ many weeks.
+ Capital Traction came out at l04
I while washington Gas, the recen
market leader sold to the extent o
! only 5 shares at 93@s, fractionally aboV'
the close Yesterday. Potomac Eiectrl
/ Power 6 per cent preferred came on
! at Ill., and 20 shares Of Merchant
Transfer 6 Storage common moved a
1913.
Another transfer was so shares 0
( Chestnut Farms Dairy preferred at TO-
/ ONLY one bank stock appeared on tn
board. five shares of American Securit
81 Trust changing hands at 456.
Bonds were considerably more activ
TODAY. Gas 6s, series p, figured in
$500 turnover at i06. Anacostia
Potomac Railroad SIS brought 98i4, an
$4,000 Capital Traction SIS moved a
1917. Another $1,000 transfer tool
place in Washington Railway 81 Electri
As at 1924.
Other Financial Notes.
With employment in Poland now a
the highest figure in several years ant
current output Of raw materials in ex
cess Of that for the same period il
1927. current economic conditions II
Poland are continuing the progress o
the first three months Of the year &C
cording 10 the economic section Of III
third quarterly report Of Charles {
Dewey. financial adviser To the PnliSl
/ government and member Of the c0unci
Of the Bank Of Poland.
The West Virginia Water Service co
a subsidiary Of Federal Water 3erVic
Corporation, reports gross revenues c
S765 500 for the year ended June 81
928, as compared with $I27,776 Tor LII
preceding II months Operation e%
pen8es, maintenance and taxes, Dune
Than Federal income tax. tOtaled $435
3g5 az against $446 $40. Gross lncorn
amounted TO 1929 TAI. which compare
with s280, g57 for the year ended Jun
80. 1927
The Nunnally Co. has decided TO ON
( the dividend on the common STOCK du