Evening star., 1930-12-01
CHRISTMAS SAVING.
CAMPAIGNS OPENED.
Washington Banks Start
Accounts for 1881, as 1880
Checks Are Mailed.
BY EDWARD C. STONE.

their 1881 Christmas Savings Club cam
paigns today, although many new ac-
counts were started during Saturday S
snort banking hours.
AT the same time checks aggregating
$T,OO0,000 are being sent to the men,
bers of this years clubs, thereby solving
many puzzling Christmas problems and
furnishing funds for the payment of a
host Of other year end bills.
Washington banks which are men,
hers of the District Bankers Associa-
ton and have again joined in this CO.
operative Christmas savings club drive
include:
American Security SS Trust Co, Ana
costa Bank, Bank of Brightwood, Bank
of Commerce SS Savings, Chevy Chase
Bank, Columbia National. Commercial
National, Departmental Bank, District
National, East Washington Savings
Bank, Federal-American National Bank
81 Trust Co, Lincoln National, Franklin
National, McLachlen Banking Corpora
ton, Mount Vernon Savings. Munsey
Trust Co. National Bank of Washing
ton, National Savings & Trust Co.,
North Capitol Savings Bank Park Saw
1ngs Bank, Potomac Savings Bank,
Riggs National, Second National, Sc
curity Savings & Commercial, Union
Trust, Washington Loan & Trust, Wash
ington Mechanics Bank and Washing
ton Savings Bank.
Capital Traction Sales Light.
Vice Chairman Harleigh H. Hartman
OF the Public Utilities Commission said
today that he was unaware of the
existence OF any ruInorS relating to the
sale of large blocks of stock of the
Capital Traction Co. to outside interests
The company, he said makes a report
to Congress each December showing the
names Of its stockholders and the
amount of stock each holds The 1880
report has not yet been made.
If any large blocks have been sold,
Mr.. Hartman said, it was evident that
the transactions had not taken place
on the Stock Exchange. He examined
the commissions file of Stock Exchange
reports for many weeks back which
showed that the largest sale recorded
was for 100 shares. On many days
there were no sales and on some days
small blocks of 10 and 20 shares moved.
The stock of the company consists of
4. 10000 shares, all common stock, par
value, 500 per share. 1t has been SELL
ing recently between $48 and $50 per
share.
Local Wholesale Trade Better.
Wholesale trade in the fifth Federal
Reserve district in October was better
in most lines than in September, ac-
ccrding to figures released by the Rich
mond Bank. The comparison with Oc-
tober. 1929, however, shows a decline
in every line.
Grocery, dry goods, hardware and
drug sales increased over September,
but shoe sales declined. The smallest
increase was 2.5 per cent for groceries.
The decrease in shoes was 81 per
cent. The decreases over last October
ranged from 11.9 per cent for drugs to
1876 per cent for hardware.
For the 10-month period all lines
showed decreases ranging. from 5.3 per
cent for drugs to 17.2 per cent for ory
goods
Construction contracts awarded in
October were almost at the level of
October, 1929, being $25,569, ,298, as
compared with S25, 500, 76o. There was
a drop of S3,013,301 in building in the
cities. the total for october being $6,-
772.531.
Bankers Honor I. A. Fleming.
sLodaa bafisers and neSspapeb assoc
ctates hoclzed in great numbers to the
home of Isaac A. Fleming, 2700 Con-
necticut avenue, yesterday afternoon to
congratulate the veteran financial writer
and editor on his eightieth birthday an
niversary.
Mr.. Fleming was 30 years old Satur-
day. The reception yesterday was a
very happy affair. The frosting on an
immense birthday cake announced his
age, presented greetings of the season
and contained so many candles that
Pop could not blow them all out at
once.
Mr.. Fleming was the recipient of
many beautiful floral gifts. During the
IA tn f,.Cs- l,f Iaf-
boyhood friends in Chicago who now
lives in Washington and is 80 years old
Chevy Chase Stock OF List.
Having been called for redemption
some time ago, on December !, the
Chevy Chase Dairy per cent preferred
stock was automatically dropped from
the Washington Stock Exchange trading
list today. This was 100000 issue
having 500 par value. and the last sale
on the Exchange was made at los.
The Exchange board of governors met
today and announced that on next Sat-
urday three securities will be added to
the Exchanges unlisted department
They are Mayfower Hotel first mort
gage bonds, National Trust Building
first mortgage bonds and Wardman
Realty Properties first mortgage bonds
Quotations ON these unlisted issues are
checked up on the Exchange every Sat-
urday in order that local investors may
know at just what figures they are SELL
ing.
Today's trading on the Exchange in
cluded 10 ten-share sales in Merchants
Transfer & Storage common at 108, 2
shares Of Capital Traction at 40 and 2C
shares of District National Securities
preferred at 68. There were several
other small stock sales and some bond
transactions around recent levels.
Heard i'm Financial District.
The Agricultural Commission, Ameri-
can Bankers Association, will hold a
conference on banker-farmer problems
at South Bend, Ind, December and s.
it was announced today, at which the
leading speaker at luncheon on the first
day will be Alexander Legge, chairman
Federal Farm Board.
The washington Loan & Trust Co
has printed in pamphlet form the re-
cent article in Trust Companies Maya
zine on Responding to Public Demand
for Safe Investment Guidance" written
by Norman e. Towson, assistant treas
urer of the bank.
The bcWlers from Washington Chap
ter. American Institute Of Banking
were defeated IN their contest at Bal
timore by Al pins. A return match viii
be played here later this month.
Sales of cigar tobacco by producers
are reported small as compared with 9
year ago, and the price outlook is still
uncertain, the Department Of Agricul.
ture states.
A gift Of $4,000 to the Emergency
Employment Committee as a contribu.
tion of the New York Stock Exchange
was voted at a regular meeting Of thC
Governing Committee.
COPPER PRICE INCREASED.