Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-02
TRADING IS LIGHT
ON D. c. EXCHANGE
MergenthaIer and Gas Issues
Are Features OF Dull
Market.
~ EDWARD G. STONE.

81 EDWARD c. STONE.
Today saw one Of the Itra1test .qad-
fnr DAYS NJ the year on the Washing
ton stock Exchange. The week'f
bJWiness opened with four small lots
81 Meraenthslfr Linotype selling al 81
of from last weeks close Georgetown
Gas s. recorded 8 $500 sale IT l0i.
II was announced that the local
exchange vii b. closed tomorrow be-
cause az election day IN New York
The LEGAL exchange usually remains
closed when the New York Stock TX
change Is not open.
The Washington Gas Light Co, Ma
tlonal Savings e. Trust Co. and the
Washington Loan A. Trust Co. paid
their quarterly dividends on November
1 The American Fire Insurance Co. die
the same This leaves the list without
any issues now quoted ex-dipidend'
s9msthine quite unusual
100 Stocks ZIP az Per Cent.
The market appraisal of 100 repre-
sentative common stocks increased ST.
1913 100000. or o. per cent, 70 $l9,-
40 ee2 600 In the month OF october,
according 10 Frazier Jelke a. Co The
same issues sold up 70 $43,447 GAS. 600
at the end Of August, 1929, and as low
as 3l2. g72. 800 900 at the end Of Sep
TENDER, 1881 In october. IL Of the
Is sub-groups constituting the index
advanced while two groups declined
The largest per cent advance was IN
the merchandising shares, which re-
covered 1916 per cent.
The oils advanced 1872 per cent. the
amusements. 14.2 per cent; the motors
and the electricals 1916 per cent each;
the utilities. ii.8 per cent, the mines,
Ill per cent, the equipments. ! per
cent. the miscellaneous industrials. 10 8
per cent. the foods 10 per cent, and the
chemicals. 80 per cent The steels de-
Clined So per cent and the rails
dropped "a per cent.
The October recovery Of $i,19e.0l6,-
300 compares with the September de-
probation of SIS $50, 500 900. In other
words. the October recovery was equal
10 only q per cent OF the September
losses.
Peoples Drug Reports Income.
Consolidated income account of Peo-
pies Drug Stores. Inc, for nine months
ended September 30, 1881, follows: Net
sales, Si2,787, 1852, other stores income,
S19T. 1855. total, si2,985,528; costs and
expenses. sl2,374. ga; depreciation, $685.
4s3. balance. S405, l0l; other deduc-
tions. less income. $20502; Federal
taxes. S46, 1872; net profit, $33s,447; pre-
ferred dividends, $ii7o3l; surplus for
common. 1921 AIS.
Peoples Drug Stores preferred stock
is now quoted on the Washington Stock
Exchange at 90 The high for the year
is 1897. The yield at present prices is
2 per cent.
S75,OOO,0O0 Treasury Offering.
Secretary Mellon has announced that
the Treasury viii sell $75,00O,0OO
OF 9i-day Treasury bills to the highest
bidder on Friday, November 6.
The bills, which will be dated Novem-
her .. will mature next February and
be redeemed at face value. The issue
will be used to meet the maturity on
November of $50, 000,0 900 in 9l-day
bills and provide money needed by the
Treasury.
The interest rate will determine in
the minds OF some who use the bill
rate as a barometer OF money conditions
whether the low rate Of the last issue
indicated a definite easing of money
or whether it Was merely flash in the
pan and that flrm money rates are to
be continued.
Farm Loan Bonds Analysed.
Wagaman, Brawner a. Co. Inc. are
distributing an analysis of Federal farm
loan bonds among their clients. The
analysis shows the bonds are legal
investments for trust funds in the Dis
trict and for savings banks in most
states Although farm loan bonds have
moved up on an average of about 6
points since the extreme low quota
tionS of about month ago, 1t is In
teresting 10 note that at present prices
they yield about So per cent.
Washington Clearing House figures
for today; S3.6l6,97l.65.
Credit Work Is Advancing.
George M. Reynolds. chairman Of
the NATIONAL Credit Corporation said
in Chicago today that the association
will be ready to make loans in q few
days. All the subscriptions will not
be i'm but there will be SUFFICIENT funds
70 start doing business, he declared.
Results of the Credit Corporations
activities have already appeared, he
added. boarding has ceased to some eX-
tent while money is beginning to be
returned TO the banks
washington bankers who keep in
close touch with financial matters all
ever the country, said today they con-
sidered there had been marked i'm
provement in sentiment in the past 10
day. Local brokers are also more cheer
full over the outlook
Cleaned in Financial District.
Officiars or the Riggs National Bank
in the main Office today were all seated
at new desks. the old "roll-topS" having
disappeared over Sunday. The redec-
Grafton OF the interior of the bank has
also been completed
The Washington Bank Women'S Club
has figures showing that there are to-
day 47,lsS women employed in Ameri-
can banks and trust companies, an
increase of 1929 over the number in
1926. OF this total not less than $500
women occupy official and executive
positions, ranging from president down
through the various official grades. A
noteworthy development is the increaS-
ing number Of women assigned as trust
officers and assistants.