Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-05

sales, opening at -
10834 and closing -
at l091a. II
Two bank stocks M
came out during EE&- s'a1a
session. 10 shares Georr. A. Garrett,
Of National Bank
of Washington selling at 308, and is
shares of American Security & Trust
moving at Asst. Both type stocks appear
ed on the board, Lanston registering l27
and Merganthaler changing hands to
the extent of 80 shares at 105. The
largest turnover for the day was in Ma
tional Mortgage & Investment preferred
100 shares recording a sale at AS. A
single share of Woodward & Lothrop
preferred sold at 1861.
Bonds were neglected. Capital Trac-
tion SIS recorded 81 900 and $4,000 sales
at 90 and $1,000 Washington Gas IS.
series A, bonds, changed hands at lO214.
The bid on Washington Gas Light STOCK
today stood at 100 with 100 asked. Inc
bid on Washington Railway & Electric
common stock has dropped back to 300,
following the recent sale OF a single
share at $50. The tumble in the present
bid price is due to the fact that the
date has expired for the chance to ex-
change the stock for North American
common on a 5-to-l basis.
Four Insurance Men Honored.
Four Washingtonians are among
those who won the degree OF Charter
cd life underwater at the June eXaml-
nations of the American College OF Life
Underwriters, according to announce
ment made in Philadelphia today by
Dean S. S. Huebner. They are: James
A DeForce. Mutual Benefit Lie; II.
Cochran Fisher. Aetna Life: Frank D.
Roach, Mutual Benefit Life, and Dwight
T. Scott, Mutual Benefit Life.
OF the 100 life insurance men
throughout the United states VINO lioI9
this degree, there are now flve Iocateo
in Washington, H. Lawrence Choate, OF
the Mutual Benefit Life, having oeen
awarded the degree last year.
Examination subjects for the degree
include general education, sociology,
economics, business law, actuarial mat
tiers and psychology. Adequate expert
ence in handling lie unoeF"iA'nis
must also be shown.
Summer Goods Notably Active.
Certain unusual features have de-
veIoped in dry goods channels as re-
suit of the protracted hot Weatner oHeI
a wide area of the country. The hlgn
Temperatures have greatly stimulated
conslmption of Summer goods OF an
kinds. the buying having continued LOT
longer time than is customary. heL 1
stocks that seemed formidable carrier
in the season have been appreciably re-
duced. substantially lettering the po-
sition of merchants.
Moreover. higher prices for raw cot
ton have Quickened demand Tor manu-
featured products. with some correspond
ing increase in f1rmneSs OF quotatlonS
for the latter. Another upward price
trend has been in burlaps, which were
influenced by a strike in Calcutta mills,
and only small concessions were made IN
naming prices on staple Worsteds,
serges cheviots. etc. for Spring. 1850.
Meanwhile. says Dun's Review, the
policy Of cutting down output OF cotton
goods is being adhered to, and it is eX-
pected that a number of mills will be
closed for full week in August. 1t is
planned. reports indicate, to average
four weeks curtailment prior to late
october.
Changes in Cost of Living.
Cost of living in Washington in June
of this year was so per cent greater
than in December, 1914, according to
figures just released by the Department
of Labor However, this price is a de-
cline of 2O.5 per cent under the peak
price of June, 1920.
OF 10 United States cities. Washing
ton showed the lower percentage in
crease with the exception of Portland,
Greg, with a 507 per cent rise, and
Savannah with 572 per cent.
Buffalo showed the highest rate with
a percentage of 1873. with Detroit close
behind with 1911; Cleveland. 1871, and
New York. 75.5. Baltimore prices rose
1913 per cent.
Since June of last year prices here
have risen just 2 of l per cent.
Cleaned in Financial District.
George A. Garrett, resident partner
of F. B. Keech & Co., with Offices in the
Metropolitan Club Building at Seven
teenth and H streets, has left Washing
ton for trip to Europe, planning to
return in September. Mr.. Garrett
sailed from New York on the Leviathan.
James H. Baden, vice president of the
Commercial National Bank, was back at
his desk today after vacation.
Oliver Exline, assistant cashier OF the
Bank of Commerce & Savings, Is on
a motor trip to Montreal.
F. P. H. Siddons, secretary of the
American Security & Trust Co, is
passing his vacation in New York State.
r. w. Hynson of the Washington
Office of the National City Co, is back
from vacation passed in New Jersey.
tional Banks paying tellers, is confined
to Emergency Hospital with typhoid
fever.
Other Financial Notes.
Total sales of the F. g. w. Grand
Stores for July amounted to 81 ,634 ,632,
as against S1205,007 in July of last
year. an increase of 35.6 per cent
Safeway Stores, Inc, with which the
Sanitary Grocery System is affiliated,
reports for months ended June 80
net profit after taxes of $2,915,589,
equivalent after preferred dividends to
$4.31 per share of common. This COM
pares with $1.412,354 and $3.47 per
share for the first half of 1928. For
the quarter ended June 80, 1929, net
profit after taxes amounted to 81 ,538, 1872.
with per share earnings OF $2.25, which
compares with S728.435 and $l73 per
share for the corresponding quarter of
1923.
The Equitable Securities Co.. Inc. a
subsidiary of the Equitable Trust Co.
of New Work, has moved its Wash
ington Office to the New Southern Rail-
way Building, being the first tenant in
the building. Stanley Carr Is the local
manager.
M. ]. Meehan g. Co., announce that
transoceanic brokerage service Is to
be inaugurated on the Mauritania and
Aquitania as we'll as on the Leviathan
and Berengaria. Another firm Is to
establish Offices on the French line
steamers In the near future.
YEARS GROSS LARGER.