Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-06-05

nd bonds declined
Turing the month, 81
making additional l.. M. Proctor.
unds available for
gricultural, commercial and industrial.
SEES
Debts to individual accounts figures
n the 1--WE weeks ended May Is this
ear were seasonally lower than those
n the preceding five weeks this year,
nded April 10, and were also slightly
SIS than in the Ave weeks ended May
6, 1928. but the decrease from last
ear was very slight and the totals for
ne 1928 period were exceptionally
'rge.
Business failures in the fifth district
st month showed a seasonal decrease
nder March failures. but exceeded
lose of April, 1928. Coal production
aclined seasonally in April in COM
arson with March. but exceeded the
pril. 1928. production. Textile mills
?nsumed Is per cent more cotton In
Drill, 1929 than in April, 1928, nearly
| mills operating full time last month.
Building permits issued in leading
les of the district were greater in
al valuation that in April. 1928. and
large volume Of construction work in
al sections and small towns was in
rated in contract award figures for
9ril This large amount of conStruc-
\ work insures reasonably good en-
0yment conditions for the Summer
1nthS.
Tobacco manufacturing in the fifth
trict continues to increase steadily,
1 April production exceeded that OF
,ril. 1928 by a considerable margin.
tn the exception of cotton in certain
-tions of the district, crops are earlier
wear than last, in spite of wet
7ther and cold, and all grain crops
in fine condition.
2etail trade in April in department
res was in larger volume than in
ii. last year, in spite of the occur
zee of Easter in March this year,
/ for the first time in many months,
It of the reporting wholesale firms
wed larger sales in April than in
corresponding month of the preced-
year.
Proctor Made Local Manager.
lawrence M. Proctor has been ap-
nted manager of the Washington Of
of Alexander Brown & Sons. in the
edward Building, taking the place
A. r. Stewart. who has been in the
for several years and has Just been
NOTED to take charge Of the sales
,artment in the company's head Of
:. in Baltimore.
fr. Proctor has been with Alexander
1wn 81 Sons since 1921, in the ONCE
=. so that he already has wide &C
intance in the financial district. He
a native of Washington, graduated
m Western High School and later
n Princeton University, where he
:; a course in civil engineering
1rtly after graduation he discovered
he preferred finance to his chosen
,fession and turned his attention to
fields of endeavor.
lie Is an active member of the Wash
on Bond Club, being on the board
governors, and has already assumed
new duties. 1t might be added that
is with rather a venerable firm, as
concern claims to be the Oldest
liking house in the United States.
Medals for Association Presidents.
-ollowing the example set by the
rerican Bankers Association, the
trict Bankers Association is to pre-
II a special medal of honor to each
mer president of the association at
luncheon to be given at the Willard
June IL. Past presidents to receive
1orate and very handsome gold
ges include Charles j. Bell. Ameri-
Security q Trust Co., who was
,sident in 1908; Albion K. Paris
1ne, Paris e. Co., 1904; John Joy
on, Washington Loan & Trust Co.
IS: C. r. Norment, National Bank OF
shington. 1906; E. ]. Stellwagen,
ion Trust Co., 19O8-1909; George w
lite, National Metropolitan Bank, 1912;
H. Mckee, National Capital Bank
3; B. F. Saul, American Security
list Co., 1914; George E. Fleming
ion Trust Co.. 1915; w. T. Galliher
ieral-American National Bank, 1915;
IN Poole, Federal-American National
curity g. Trust Co, 1918: Maurice
Rosenberg. Bank of Commerce &
vings, 1919; Robert N. Harper, Dis
t National Bank. 1920.
Tohn B. Larner. Washington Loan &
lst Co., 1921; Joshua Evans. jr., Dis
It National Bank, 1922; Victor B
yber. Second National Bank, 1924
9ncis G. Addison, IT.. Security Saw
$ & Commercial Bank, 1925; How
Moran. American Security & Trus
=, 1926; w. w. Spaid. w B. Hibbs &
a., 1927, and Robert v. Fleming
ygs National Bank, now completing
term of office.
w. J. Waller. vice president Of thu
'ociation, and Edward j. McQuade
secretary. were the special commit.
appointed to secure the badges anc
'ange for their presentation. which
Il be made a highly interesting affair
Capital Traction Stronger Today.
Capital Traction opened on the Wash.
9ton Stock Exchange today at 92l:
= five shares. advanced to 1924 or
next two small-lot sales of 20 shares
d closed up to SO on another small
e
washington Gas jumped from tn,
st sale at lis to 121k2 on a single
1nsaction, involving but six shares
ne market closed with 122 bid for tn
Dck and 125 asked. A block Of 4!
ares OF Washington Railway q Elec
ic preferred changed hands at e51s
rrty shares of Potomac Electric Powe
: per cent preferred sold at los
, more at 104Tn and a single shar
1851. The per cent stock moves
1l2l2.
Bank stocks were quite active, Libert
: ational selling at pa, National Metro
Dlitan at 410 and Riggs National q
rs. Mergenthaler sold ex-dividend 9
rs and Peoples Drug preferred at IL;
was pretty good market in bonds
: as, Capital Traction. Railway IL Elec
'ic and Barber 81 Ross issues bein
| fair demand.
The chief matters under discussio
the street in connection with tn
zeal exchange are the weakness !
+ apital Traction and the renewed In
rest and unusual strength in Wash
lgton Gas stock.
May Auto Shipments.
Chrysler Corporation May shipment
? l,595, increase, 1891 over May. 1925
-,idson Motor Car, 42,086, new hig
cord, against 32,450; Packard, 4.56
yainst 3,706 Nash, l2117, again'
342; Peerless. BOT, against 1880; Oal
d. nd Motor Car. 28,444, against 1857
Harry ]. Donoghue, treasurer Of tt
tsrcharts Bank e. Trust Co.. Is pas,