Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-11

EleCITlC As. WHICH s.,1.lf.z 800 ~
changed hands at 4&A
81. ~ y g
In the stock sS 81 Us
division Capita s ~
Traction opened F.s WYNN.
with nine shares
selling at s47s and closed with five
shares selling at IS. Riggs National
moved at 6l0 and American Security
& Trust at AGO. Other issues, which
came out on the board, were practically
unchanged.
The securities in the unlisted depart
ment was called off and very few
changes noted from last week.
Wynn Again Southern Director.
F. s. Wynn of Washington, an Off
cial of the Southern Railway Co, was
reelected to the directorate at the an
nual meeting held in Richmond a few
days ago. Mr.. Wynn has been a resi-
dent of the National Capital for several
years and is widely known in railroad
circles. He is considered to be unusually
well informed on all matters pertaining
TO transportation. When his term as
director expired the other day that of
three others also terminated. Jonathan
Bryan of Richmond and Adrian Iselin
and Devereaux Milburn of New York.
They were also reelected for three
years.
Business Outlook Favorable.
The Alexander Hamilton Institute
considers the immediate business out
look in the Middle Atlantic section,
which includes Washington and Balti-
more among some 20 cities, as favorable.
Industrial activity is reported as irregu-
lar. The analysis adds:
THE jobbers and wholesalers, as well
as the retailers, are experiencing brisk
Fall trade. Buying shows up very well
with last years volume. Employment is
at a satisfactory level. Pay rolls in
some industries are ahead of the aver
age for any week in two years. A steady
demand for mems clothing has kept
manufacturers busy. In most cases
orders and shipments are ahead of last
year. The knit-goodS producers are
working at capacity or near capacity
Holiday line manufacturers are expert
encing good season. Sales of slices
and hats are satisfactory. Demand for
radios, radio equipment and electrical
equipment is good
Financial Advertising Booming.
Financial advertising in standard
sized newspapers in New York has risen
approximately so per cent since 1925,
according to survey prepared by the
statistical department of Rudolph Guen-
Using agency. The study adds:
There is no more striking way to
show the growth of financial advertis-
ing and news than to compare financial
sections of newspapers 20 years ago and
today. For example. a typical section
from leading New York newspaper in
1909 consisted of two pages, with alb
breviated stock tables and a paucity Of
news. '.''- .
ANY day in 1929, the same section
would probably be 16 to 20 pages with
complete stock tables from all exchanges
here and usually from other cities. This
growth has been reflected in leading
papers, general magazines and business
publications throughout the country.
There is probably no field of adver-
Using which has progressed so rapidly
as financial advertising. While general
advertising was taking unknown prod
ucts and putting them into every
American home, financial advertising
was building corporations with unheard-
OF sWtftness, ageing and seasoning their
development to a degree that would
nave required many years without ad-
pertiSing. During this period, financial
aovertsing was making possible the
the great security distribution organiza-
IONS and marketing plans of the invest
ment banking world
Heard in Financial District.
Kenzie w. Walker, chairman of the
board of Standard Collateral Shares
Corporation, Woodward Building, has
lett on q three weeks vacation. He will
motor to New England and on his re-
turn visit New York to confer with
the Empire Trust Co. on matters per-
ta1n1ng TO the business of the corpora
ton.
The auditors section of the District
Bankers Association held a dinner
meeting at the National Press Club last
evening, IL banks being represented by
auditors or controllers. Plans for the
coming years work were outlined
G.. G. Morgan, one of the managers
Of the G. M. P. Murphy brokerage Of
fees here, left the city last night for
Quebec to attend the annual convention
of the Investment Bankers Association
Of America, which opens sessions there
tomorrow. He was joined in New York
by two members of the firm
The call of the world series was too
strong for Raymond G. Marx, auditor
of the Riggs National Bank He has a
front-row seat for today's game, and
also tomorrow's.
President A. E. Henze of Washington
Chapter, A. I. B., and head of the order
department at w. B. Hibbs 81 Co., is
confined to his home with illness.
Enrollments in the Fall classes at the
American Institute of Banking have
reached the new high figure of more
than 400. All classes report increases
The new public-speaking course has
started off with 26 students. The men,
bers of the woman's committee is now
planning for the chapters Halloween
dance.
The Washington Stock Exchange will
be closed tomorrow, Columbus day, and
the local broker Offices carrying New
York Stock Exchange quotations also
will be closed, as all tickers will be
silent.
Employees Heavy Shareholders.
The Pennsylvania Railroad an
nounced today that during the month
just past 34,863 employees received GER
tificates of the company's capital STOCK
aggregating 150,490 shares and worth
at present market prices approximate
ly $l5,OOO.0Oo
These certificates covered stock allot-
ted to employees by the board OF di'
rectors in July last year under an ar
rangement whereby they were permit
ted to purchase 1t on partial paymen
plan, with monthly deductions from
their pay roll checks. The stock wa
offered to employees at par, $50 pc
share, with the choice of paying TO
It at the rate of either SIS or 81 pc
share per month.