Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-01-03
PRICES ARE FIRM
ON EXCHANGE HERE
Two Bank Stocks 0ut-FirSt
Trade of Year in Pepco
5 1-2 Pct. Pfd.
by EDWARD c. STONE.

The Washington stock Market start
ed 1925 with conservative trading an6
prices about where they left off at the
ringing out of 1927. The years frs'
transaction was in Potomac Electric
Power 81. per cent preterred' =
shares changing hands at los's i"ns
ton came out at 109ic, MerGentha'el
nj lo4la and :. and Sanitary Grocery
preferred at los.
Two bank stocks appeared on the
board. Merchants Bank 4 Trust Co.
selling at ISL. half point above any
sale in 1927. and American SecuIl'!
& Trust at $50, the same as the tas'
onotation last wear. There was CON
siderable activity in National MoLt'
sage & Investment preferred, ov
shares selling at SIS. SO at ana 80
closing at SIS.
In the bond division Washington
Gas IS. moved at los. the Gas
series OF lO7. and Chesapeake .olo.
mac Telephone IS at zoos. TodaN
farIv mails we're almost clogSed with
dividend checks sent out by local
hanks and other financial institutions
which we're paid on December 81.
Train Control suit Dropped.
II 4 Miller. first vice president oil
.he Miller Train Control Corporation
Of stanton. telecraphs the star Una
She suit brought by the SprasGe SAFE
~ Control & Signal Corporation
against the Miller company mas "ee"
dismissed. the Sprague company pay
Ing the costs Of the suit The sun
was originally filed in December, 1870
end CHARGED infringement. An inJunc'
sion and an accounting were also
sought. ..o
The specifc case charged that the
Nr;1ler Train Control Corporation hau
rsni important features OF the
Snrac1,e company patents in lnstatla'
sons on the Toledo division or the
New York Central Railroad. me case
was set for trial in the United STATES
District Court for the western district
Of Virginia. AS the Sprague ATTORNEYS
did not care to proceed with the tTiai
ais court dismissed the matter.
Much Miller stock is owned IN
Washington so that the ending or the
suit will be Of special interest mere
New Real Estate Office Opened.
= Stuart Poston. for 90 years CON
nerted with the real estate business
IN Washington and formerly secretary
and rental manager OF Ailai T.
Walker & Co. has opened an ONCE
nF his own. anu VIII NpH'NSNN ="
estate. loan, investment and insurance
business. " -, Aoor
Tn the company which has been
formed Mr.. Poston is president ana
manager. Harold p. Ganss vice presi-
dent Jerome r. Friendlander treas
,,rer, Arthur Pinkerton secretary;
Juljus |. Peyser general counsei: req
Mckee attorney and Benjamin T.
Adams auditor.
THE new firm is located IN tne IN,
~estment Building. at Fifteenth ana
l. streets northwest. c..
A. r.. A. Convention Dates ser.
THE first week in October mas been
designated for the next annual con
vertion Of the American Bankers AS
socia'ion. r. y. Shepherd announces
As the gathering takes place IN fhiia'
6elnh,a. an unusually large nuHoef
Of Washington bankers viii attend
Monday. October i, will be gwen
70 romn1ittee meetings. The gepefai
sessions will he held on the mornings
Of October .. 3 and 4, while the aI,sr'
noons will be given over TO the addi-
.,onaI section and division meetings