Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-28

Thompson Notes Association Growth.
Eugene E. Thompson, head of Crane,
Paris & Co., who is president OF the
Association of Stock Exchanges, an
nolnces that the board of governors at
a meeting in Baltimore yesterday voted
to admit the Los Angeles Exchange ana
the Minneapolis Paul Stock Ex-
change.
This brings the total number Of ex-
changes in the national association up
to IS and signifies the marked interest
taken in the organization. Both the
newly admitted exchanges record active
daily trading, the board of governors
being especially glad to admit them.
Several other exchanges are already
seeking membership, action by the
board of governors being expected in the
near future. The Washington and Bal
timore exchanges have been members
since the association was started.
The governing board disposed OF
many routine matters at yesterdays
meeting. Two representatives at the
session were visiting Washington s
financial district today, E. B. Glenny OF
Fenner & Beane, New Orleans, and w.
M. Louderman of st. Louis.
CAPITAL Traction April Report.
Net income of the Capital Traction
Co. for the month of April was $685..
151.22, its statement of operations, Jus'
filed with the Public Utilities Commls.
sion, shows. This was decrease OF
S3,63676 under the preceding montf
and one of S3.053.63 under April, 1923
Total net income of the company Io'
the first four months of 1929 Is S2l6,'
386 90, a decrease of S25, 885 under the
corresponding period a year ago.
Net earnings of American Ice co
and subsidiaries for April, after interes
but before Federal taxes and deprecla
tion. were S34l, 764. This compares WITH
a net of S217,664 in April, 1928, tn'
conpany's best previous April; gan
of over 81 per cent, and with $l7l 10
in 1927, a gain of over $50 per cent.
North Americans Assets Gain.
The North American Co. and sub
sidiarv companies report total assets o.
1851 .4l6,955 aAof March 81. compared
with S733 ,998 905 as of March 81, 1873
on March 81 the company had Sl6,'
100 oo0 loaned on call, against $4,000
non on March 81, 1928. Current asset!
totaled S62, SOL .730, of which cash TN
Guiding funds loaned on call through
hanks amounted to $32, 720 ,422. com
pared with S46,823,661 year before
Current liabilities totaled Sill .428, 63
compared Will 9Ao'oo0''oA 'S N
81, 1928.
property and plant was carried a
s7s3,331.773. against s620,384, 1888 a yea
before, Cash and securities on deposi
with trustees totaled s2,922,382, com
nared with S1.692,017. Investment
amounted to s45,2ll,173, compared will
S46,744, 1929.
Reserves for depreciation and othe
charges amounted to s108,5sl .726, com
pared with S82,7l3l56. Total surplus
including $79,680763 OF undlVide
profits, totaled 103,4962l6, compare
with S7S561 $50, OF which So4,73
were undivided profits.
Washington Gas at New High.
washington Gas Light stock reache
q new high on the present move toda
when it opened at l10l2, went TO II
In ILL.,. crossed liz and closed at II
This is the highest the local utlll'
stock has sold since its slump AFTER tf
annual meeting. The stock cropped
that time to the vicinity of LOG befol
D., turning upward again. Recently mo-
interest has been displayed In 1t. a
though the trading on the Washingto
stock Exchange has been only In sma
lots Today's sales totaled 90 snare
all in 10-share lots.
other issues were active. Merger
thaler sold at 1862, Lanston at 1881
Railway g. Electric preferred at 95i
CAPITAL Traction at 9414, Potomac Ele
trio Power per cent preferred at ~
and the S per cent issue at los. Che
Chase Dairy preferred moved at los
and Merchants Transfer Il Stora
common at 1884,. One hundred shar
of Security Storage sold at 100. The
was a transfer of 224 shares OF N
tional Mortgage g. Investment PREFER
at Ala.
Banks stocks were well representt
Liberty National moved at 245, Uni
Trust Co. at 1885 and $780, Riggs N
tiopal at SIC, while SO shares of Coz
mercial National Bank stock appear
on the board at 260 Bond trading "
limited to small trading at recent levf
Howard Douglas Dozier, an adviser
one of the Government departments
author of an article in the current !
lantlc Monthly on Bootleg Loans"
was formerly head of the School
Commerce, University Of Georgia a
professor of economics at Dartmou
He treats the credit situation IN a "