Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-09-27
G()0DDEMtllD HERE.
FOR BANK STOCKS
Five Issues Traded in Today
on Exchange
Financial Notes.
BY EDWARD c. STONE.

The market in these stocks opened
with 10 shares Of Liberty National sell
inK at $40. Ten shares Of National
Metropolitan then came out ut 405 and
10 more at 400 nat.
American Security &c Trust figured In
q sale Of 10 shares at 45eR, gain OF
AZ points since the last sale. Ten
shares Of Security Savings d CONNER
cial changed hands ex-dividend, at 511,
same aS the last sale some time ago,
and 10 more shares moved at SIC: The
final sale In bank stocks was three
shares Of Federal-American National Al
Ganitsi traction, which has drawn
much market attention In recent SeS-
SionS, opened ut 81. Fifteen shares then
sold at 90, ten others at 0924 and five
more than 8ess, all sales being made ex-
dividend. The last sale made q new low
mark on the present move.
washington Gas. Light stock again
changed hands at $50, on very small
trading. Potomac Electric Power per
cent preferred came out at Ia and the
5h per cent issue moved at 105N. Co:
Mmbia Sand d Gravel sold ex-dividend
today ut S61a.
There were several other stock trans
actions In various issues, recent price
levels being maintained. Bonds were
also In better demand today than usual,
Capital Traction and Potomac Power
issues leading the list.
August Gas Reports FIXED. .
Statements of operations for August
have been Med by the Washington
Gas Light Co. and the GEORGETOWN Gas
Light Co. with the Public Utilities Com
mission. go. -
month of $21 1884, . gain Of $6.657.4 Al
over the month q year ago. and Of
S6le, 609.8S for the eight months. or
S1O6,65S40 more than the correspond
ing period In 1928.
Net. corporate dncome for the George
town company for the month was "a
95s.97, or $2.355.o4 in excess Of that
for August last year. Total net cor
porete income for the year to date.
sloG,62O.2S, betters the similar COM
parative last year by $25, 704.30.
Traction Reports Ter July. ..
As. the, board Of directors had no
Quorum in July, the Capital Traction
Co. has just hled Its report for that
mission. Net income for July. was
S22,5e7.67, q decrease Of $l2,623.79 from
the month o year ago, and that for the
flrst seven months Of 192s-$352. $50. Of
is S42,e776l behind that of the cor
responding period last year.
Comparisons for the same period also
revealed declines for the hfst seven
months this year in the following items:
$42,595.49, operating revenues: $32,-
9I3!e3, operating income; 935, 2S6.40,
gross income. -. -. go.
Declines In passenger traf1c are the
chief reason of the lower. earnings fig-
ures, which were the cause Of the re-
cent request for the right to.raise fares.
In face Of the lower earnings so far
this year, the Capital Traction Co. de-
clared the usual SITS dividend q few
days ago.
D. l. O. Earnings Show Increases.
The Baltimore d Ohio Railroad today
reported afalling on in August earn
ings, but q substantial gain for the first
eight months Of the year. Net oper-
ating income for August, amounted to
$5.315 1874, against $5,9SS,5S in August.
1923, q decrease for the month OF
For the flrst eight months of 1929
net railway operating income amounted
to S32,sO5,671, in comparison with
$2S,516,718 in the corresponding period
a year ago, a gain In net so far this
year Of S4.468,953. -.
The road has made 4 gain in freight
revenues In 1929 Of $9,sos;72S and
gain during the past month Of 4s7S,T63
in the same revenues. There was q
falling or in passenger trafnc both In
August and the eight-month period
Revenues from carrying mail have IN
creased more than 81 SOC, 900 during
the year and the income from transpor-
tatton of express has also shown an
increase. -,
Federal Reserve Discounts Up.
The consolidated statement of condi-
ton of Federal Reserve Banks on Sep
TENDER as, made public by Federal Re-
serve Board, showed increases for week
of sic, SOC, 900 in holdings Of discounted
bills and $22, SOC, 900 in bills bought in
open market, and q decrease OF $25.-
500, 900 in holdings Of United states
securities.
Cash reserves of the Federal Reserve
banks increased $4,000, 900 and Govern
ment deposits 81 500, 900, while member
bank reserve deposits declined $l0,e00,-
900 and Federal Reserve note circula-
ton So, 500 900. Total bills and securt-
ties were $500, 900 above the amount
reported week ago. +.. w..
o. Financial District Notes.,
John b. LArner, president of the
Washington Loan IL Trust Co, II back
at his desk after n Summer vacation
spent. at his country place, Annsfield,
near Mifnintown, Pa.
At a meeting Of the Washington Bank
Women's Club at the HuSuenot, Mary
Jane winfree, president, presided. APP
plicationS Of new members were voted
upon.
Southern. Railway eight months
ended August 81 earnings are estimated
at $782 = common share, against $685.
= share in like 1928 period.
The Federal Trade Commission win
resume its hearing in connection with
the power and gas utility investigation
on October 5. -
Plans for the financing next week
of Metropolitan Dairy Products, Inc,
merger OF five wholesale milk coma
pal1ies in New Jersey and New York,
operating in the metropolitan area,
are announced by T. j. Aronof, Wash
ington manager for Strabo ", Claggett
d Co., investment bankers.
Western Maryland Railway has been
authorized by the Interstate Commerce
Commission to procure authorization
and delivery to its treasury Of 1885,
600 firSt and refundiIrg mortgage 5h
per cent bonds, series "A, In reim-
bursement Of capital expenditures.
Co-0peratiNe Research Planned.
DR.. George K, Burgess, director,
United States Bureau Of Standards,
and. Scott Turner, director, United
States Bureau of Mines, have been
announced rs members Of the iron
alloys committee Of the Engineering
Foundation to inaugurate . cooper
alive research called vital TO- the prog
ress of the, American iron. and steel
industry. Louis Jordan and Or. Charles
H. Herty, jr.,. Of the respective bureaus,
were designated 4lteFnates.
- - -. - = = -. - 90"
J: CHICAGO DAIRY MARKET.