Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-12-30

Note.-The month of November had the
BASED. on statistics of sales from 52s
stores; of stocks, from 433 stores.
New Local Iglehart Managers.
Announcement was made today that
John M. Dagger, formerly of Baltimore
and more recently of New York, has
become associated with j. A. w. Igle-
hart & Co. and that as of January 2,
he and Robert Stead, jr.. of Washing
ton, will be the resident managers of
the firms Washington office, located
In the National Savings & Trust
Building. Mr. Stead has been aSso-
ciated with the firms local Office since
1925.
j. A. w. Iglehart & Co., recently be-
came members of the New York Stock
Exchange. They are members of the
Baltimore and Richmond Stock Ex-
changes, and associate members of the
New York Curb Exchange.
Several weeks ago the firm pur-
chased the Gunther Building in the
business and financial center of Balti-
more. The firms plans for 1880 in
clude the removal of its main offices
to-, this building after improvements
are completed, and the enlargement
of its organization and facilities in
Washington. Other Iglehart Offices
are in Richmond, Va; Wilmington,
Va. and Clarksburg, w. Va.
MacGregor Heads Research Office.
William A. Willis, manager of the
Copper & Brass Research Association,
25S Broadway, New York. announced
today that Southern Office will be
opened, in Shoreham Building, here on
January 2. It will be in charge of
Donald MacGregor. The territory will
embrace the Middle and South Atlantic
States as well as the District Of Column
bia.
Mr.. MacGregor is veteran newspaper
man, having been connected with the
Washington and London Bureaus of the
New York Herald for many years. Dur
ing the World War he served as a cap
tain in the Signal Corps.
Prices Steady on D. C. Exchange.
Thirty shares of National Savings &
Trust Co. stock sold at SIS today on the
Washington Stock Exchange, and two
shares of Riggs National moved at SOS,
the same as the last sale
Potomac Electric Power per cent pre-
ferred figured in 30-share transaction
at 1101a, and the 51z per cent issue
changed hands at 10434. Peoples Drug
Stores preferred sold at 1O4
Mergenthaler Linotype opened with a
40-Share sale at los. This was followed
by a 10-share lot, and 5-share lot
going at the same figure. After call IS
shares changed hands at LOG, all sales
being eX-diyidend. It was the days
most active stock.
Washington Gas IS, series A, register
ed a 81 900 sale at 1o2, while a series B
baby bond sold at the same price.
Capital Traction IS recorded a 81 900
transfer at 9l34. Tomorrow will see
dividend payments made by a very
large percentage of the securities on the
local exchange, especially among the
bank shares.
c. & o. to Spend S42,500,0o0
New equipment for the Chesapeake &,
Ohio lines to cost approximately S42,-
100000 is provided in the budget for
1880, recently completed, according to
an announcement by John j. Bernet
president.
The Chesapeake g. Ohio has been
allocated $50, 700,0 900 Of this sum. The
remaining $21, 100000 will de divided
between the Hooking Valley and the
Pere Marquette, the latter road .receiv-
ing the major part of this ALLEGATION.
Budgets for the Nickel Plate and Erie
Railroads had not been completed when
the above announcement was author
lied, but 1t was expected that theiI
appropriations would bring the tota
for the Van Sweringen roads for 1886
up to 100000 00
Heard in Financial District.
Secretary Mellon discusses new tend.
cncieS in American banking in the --latest
i~sue Of Trust Companies Magazine, par.
ticulGrly the expansion Of branch bank
ing and the growth of group banking
H. believes the changed conditions il
the banking world call for most careful
study. He also lauds the sound position
of the Federal Reserve Board
The Offices of the Thomas e. Jarrel
Co. in the Washington Savings Banl
Building, have recently been greatl
enlarged and improved to provide TO
expanding business. Mr.. FARRELL is ais
president of the Washington Saving
Bank, which reports another excellen
wears business