Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-27

returns since. 1875 $SsAHE&A>A Sz5
The Marylan S. z$s
crop Is also exec . IS
lent.
Complaints are wilmer ]. Waller.
general in most of
the IL Federal Reserve districts from
the retail apparel trades. due to 81
much cool and wet weather. Whole
salers report that there is always
seasonal recession in their business
at this time.
Most OF the commerce and trade
indications. however. are considered
highly favorable and several OF the
Federal Reserve Banks are predicting
a more moderate Summer let-doWr
than usual. Bank clearings last week
showed increases in most centers.
The Georgia commissioner of agricul-
tlre has lust issued a warning that
the peach crop in that State will be
the smallest for at least seven years
r. & O. Net Income Increases.
The Baltimore 81 Ohio Railroad to-
Siay reported net railway operating
income for April of $3.50 90, against
S3,049,650 in April. 1928, or gain OF
spas
Passenger traffic was lighter than q
wear ago. but freight traffic in April
showed a gain of $l,122 .024. Revenues
from mail and express also showed in
crease of quite substantial amounts.
The company reported net railway
operating income for the first four
months Of the present year at S12,740,-
86l, against $9,337,016 in the cor
responding period a year ago, an in
crease so far this year of $3,403,845
Here again an increase of $4,440, 344
was the biggest factor in the improve
ment in new revenues.
Local Banker Celebrates Birthday.
Vice President Wilmer j. Waller OF
the Federal-American National Bank
is receiving upon passing another birth
day: his desk being handsomely deco
rated with flowers on the important
date, last Sunday.
Mr.. Waller has been in the banking
profession for about % years, starting
with the old American National Bank
and joining the Federal-American at
the time of the consolidation of the
two institutions.
He is vice president of the District
Bankers Association and has taken a
organization. According to the associa-
tons established policy, he will be
elected president at the coming annua,
convention at Montauk Point, Long
Island.
Lively Trading on Exchange.
Trading started the week at a live
IL pace on the Washington Stock Elk
change In both the stock and bond di-
visions.
Mergenthaler was the most active
at 1861. It figured in seven different
odd-lot transactions. Capital Traction
recorded three small sales at 94M. Po-
tomac Electric Power 6 per cent pre-
ferred moved at 1122i and 45 shares OF
the 51a per cent preferred sold at 1861 "a
both issues being ex-dividend.
Washington Railway & Electric solo
in small lots at 9514. 95!a and 95Ss
Peoples Drug Stores preferred sold al
114s4 and 114l2, Federal-American Co
common sold at SO and 10 shares OF
Real Estate Mortgage g. Guaranty pre-
ferred at 712.
Riggs National Bank stock sold al
SIT, American Security g. Trust a.
456. Union Trust at $40 and 335, anc
F-Srklin National at ITO. The heavies
bond trading was confined to Washing
ton Gas IS, Capital Traction 5s ane
Gas IS, class A and B.
Bankers Council to Meet.
The council of administration of the
District Bankers Association will NEE
tomorrow afternoon at headquarters
/ This meeting was scheduled for mex
Friday. but was moved forward because
of the holiday on Thursday and tn
probability that some bankers may b.
out of the city for the remainder o
the week
The newly established credit burea,
! actually starts functioning tomorrow
May %. Chairman Hilleary G. Hos
kinson of the installation committe
reports that all the details have beer
! completed and the bureau Is certain
to run smoothly from the start.
/ The special committee appointed b
J President Robert v. Fleming to pu
the plan into effect includes Edwar
! j. Ml.suade, vice president of the Lib
ex< National Bank, vice chairman
Francis &. Addison, jr., vice preslden
( of the Security Savings and CONNER
cial BANG Charles F. Jacobson, cashie
! of the metropolitan National Bank
Frank Ps Harmon, jr., vice president {
/ the Mer Slants Bank & Trust Co.; H. 2
Bisselle, assistant cashier Of the Rige
Nationatye5ank; ]. Damn Faber audito
! of the eEerican Security & Trust Co
and ArtliS-c j. Linn auditor of the Fed
J eral-American National Bank.
Heard in Financial District.
Eugene E. Thompson, president Of tn
Associated Stock Exchanges, is attend
ing an important meeting of the boar
of governors in Baltimore today.
John M Riordon, vice president {
the Bank of Commerce & Saving
passed the week end at the Cavelie
at Virginia Beach.
Swift g. Co has declared the reguls
quarterly dividend of So per share, pay
able July to stock of record June /
Holders should remember that Potc
mac Electric Power first SIS matur
on June /, when they will be paid OF
no further interest being allowed aft
that date. This is one Of the mo-
important local bond issues that h:
matured in several years. No ne
financing is at present planned by II
power corporation.