Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-05

" efAC Va
Hearing on Train Control.
Local stockholders in the Miller
Train Control Corporation are greatly
interested IN the coming hearings be-
fore the Interstate Commerce Commits
sion on automatic train control devices.
Notices have been sent to 90 railroads
that hearings will open on December Is.
In recent address a member of the
Interstate Commerce Commission in
dicated that the commissioners have
not changed their attitude toward the
desirability of automatic train control.
Railway Age recently expressed the
opinion that train control is not a dead
issue
Future action along this line means
q great deal to the holders of Miller
stock. The company originally made
nothing but train control apparatus.
More recently, however, 10 has gone into
the manufacture of signal lights for
highway intersections, the officials re-
porting steady expansion in this field.
Trading was again quite active on the
Washington Stock Exchange today,
prices remaining at recent levels.
Two bank stocks appeared on the
board, 10 shares of Lincoln National
selling at 4l0 and three more at AIS, and
a 1O-share lot of Washington Loan e.
Trust changing hands at $50.
Capital Traction opened at 48, went
to 48A and closed at 1915 in light
trading Potomac Electric Power s per
cent preferred moved at Ill and Ill ~,
while the 5l2 per cent issue changed
hands at l0712. Washington Railway g.
Electric preferred came out at 1914.
Lanston sold at l04, Peoples Drug
preferred at 9e%, Carpet Corporation at
IS. Two hundred and fifty-three shares
of National Mortgage Sc Investment
preferred sold at s.
In the bond division Capital Traction
IS came out at IS and 1874. and the
days largest transaction was a $4,000
sale in Washington Railway & Elec-
trio As at 81.
Forum Attendance TO Reach $50.
It was indicated today that the at
tendance at the joint meeting of the
Fiduciary Section of the District Bank
ers' Association and the District Life
Underwriters Association, tomorrow
night at the willard, will reach $50 and
possibly pass that number. Wide in
terest is being manifested in the ad-
dress of Gilbert T. Stephenson of
Wilmington. Del. who is chairman of
the trust company section of the Amer
lean Bankers Association. He knows
the banking and trust business and is
first class speaker.
Bankers reported again today that
the Christmas savings clubs are stiff
growing so fast that last years total
membership record Is likely TT be sur
passed. The number of new and old
members Is notable and many are sub
scribing for a larger sum than they did
last year. The clubs in the % banks
remain open until into January
The council Of administration of the
District Bankers Association has a
monthly meeting this afternoon at
headquarters, beginning at o'clock.
The advertising committee had
luncheon meeting this noon at the
George o. Vass, secretary Of the as
ISOLATION and vice president and cashier
of the Riggs National Bank, has beer
confined to his home for several days
with a severe cold.
B. & o. Expected to Buy c. e. A.
In the little town of Wilmington, Ill,
So miles west of Chicago, there will take
place on December II, 1880, the sale
OF the Chicago and Alton Railroad Co.
at auction.
This sale was ordered by the final
decree of the District Court Of the
United States for the Northern District
OF Illinois, Eastern division. on July s,
1929, in connection with the receiver
sup WHICH Has Deen III eiIeCt Slice
1922.
In the plan for the consolidation of
the railroads announced by the Inter-
state Commerce Commission last De-
cembsr. the Chicago and Alton Rail-
road was placed in the Baltimore g.
Ohio system No. 5.
The Baltimore g. Ohio Railroad Co.
as the owner OF large proportion of
the bonds Of the Chicago and Alton
is potential purchaser and, If the
sale is confirmed on January 8. 1891.
the date set by the court. the road
will probably be taken over by the
Baltimore a. Ohio Co.
Southern Diaries Stock Exchange.
National Dairy PRODUCTS Corporation
has offered TO exchange National Dairy
common stock for the outstanding
minor stock of Southern Diaries on the
basis Of one share of National Dairy
for three shares of Southern Diaries
class A. and one share Of National
Dairy for each 10 shares Of Southern
Diaries class b. The offer expires on
February Is, 1881, and may be with
drawn prior to that date. Cash will
be paid In lieu OF issuing fractional
shares, the price of National Dairy to
be computed on the basis Of closing
sale on business day preceding that Of
day on which Southern Diaries shares
are offered for exchange.
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