Evening star., 1932-09-21
INTEREST IN STOCK
MARKET EXPANDS
Brokers' Offices Are Crowded
as Ticker Records Ad-
vance in Prices.
BY EDWARD c. STONE.

Stock Exchange offices were crowded to
( the doors again today after the To-day
slun in the market. Following last
.night's more favorable closing, both
sspeculators and investors turned out TO
Z see what might happen today They
witnessed a market that spread en-
couragement very generously around the
customers rooms.
Keen interest in stocks and bonds
which had been running high for the
past two months, dWindled bit last
week. starting the day before the Maine
election. The market went lower for
several DAYS, but New York economists
and market writers haStened to state
that the Maine election was not the real
cause, as the long advance had brought
about weakness in the technical posltion
before the voting in the Pine Tree
State took place. They added that both
candidates were anxious to help the
Nations business in every way possible
and that in their opinion the campaign
should have no permanent effect on
stocks, no matter how it ends.
Today interest in securities had more
than doubled in the broker offices, IN
business houses, restaurants ana cluoS.
locally and nationally, there are two
set market followers. One set IS Try
ing to get in at the bottom and the
other element is watching every move
in order to get money free that Is no"
tied up. Some who have funds TIED up
axe also attempting to average on tie,t 11,at
holdings One broker said TO-DAY tnat
the revived interest in the market Is
little less than astonishing.
Local Exchange More Active
Trading on the Washington STOCK
% 90 liz
of the New York Exchange TO-DAY ana
business was more active than IL has
been in several sessions.
The local market opened with WASH
ingtOn Railway & Electric As selling at
AZ in a $1,000 transaction. Tne maj
sale of the day was in the same issue
$1,000 moving at 81 ont
Washington Gas Light 5s came ou'
in a $500 sale at l03i4. Two sales IN
Washington Gas IS, series A were also
recorded, $1,000 selling at s9's ana
$500 at 1914, NIL
In the stock division, Potomac Elec-
tr,c Power s per cent preferred figured
sn n9nsr sa Eale iat at 1a1s ios The corporation
81 per cent preferred stock moved
Washington Railway g. Electric pre-
ferred figured in an 1l-share sale at
OF Ten shares of Capital TRACTION
stock appeared on the board at b, same
as the last previous sale. This stocK
closed SIS bid and asked.
Norfolk g. Washington Steamboat 90.
stock was quoted exdivided TO-DAY, 1ol-
lowing the recent declaration OF per
cent quarterly payment, emerson S
Bromo Seller IA Is also being quoted
exdivided.
President to Greet Bankers.
President Hoover will greet the MOTHS
Plan bankers and their wives at the
east front of the White House Thurs
dav September 20, at 1890. Inc
fnanciers from 81 States oo wln d ns so af1
and October l at the Hotel Shorehan:
The announcement of this presidential
honor was made known today by Roy
den C. Bryan, vice president OF the
Wilmington Morris Plan Bank, chair
man of the Entertainment Committee
A number of social events have been
planned including an annual gof tour
I1aner1t on the Burning Tree course;
banquet Saturday evening, OCTOBER l.
motor trips in and around washington:
visits to the Bureau OF Engraving ana
Printing Lincoln Memorial, Pap-Amer-
lean Building and the Corcoran Art
Gallery. ,,.,
Mrs Robert o. Bonnell of Baltimore.
assisted bv Mrs Bertram Chesterman OF
washington: Mrs J. Rodney Ball. Law
renee. Mrs Boyden C. Bryan, Whining
ton Del. Miss Marie Mccarthy Column
bia: Mrs. Ralph w. Pltman. Phllaoe!-
mia and Mrs Mabel H. Swift OF NAL
den compose a committee who are WORK
ing with Mr.. Bryan in social arrange
ment.
G. e. O. Reports Eight Months Net.
: Renort of the Chesapeake & ONO
Railway Co. for eight months enoed
August 81 1882, shows net income OF
s12 2e3269 after taxes, charges ana
sinking fund appropriations, equlvaien'
after allowing for dividend require
nents on 6ls per cent preferred STOCK,
to 81. go a share (par 500 on !'oo|''i 10
shares of common stock. ms COM
pares with Sl7,805, $50 or s232 snare
on 7.651,28l common shares IN HrSl
eight months of 1881.
August net income was S2,30s .ll8
after taxes and charges, against So
O56.C60 in August, last year.
Directors of the Virglnlan Railway,
which omitted the 81 so quarterly dlvl-
dend on common. explained today that
the action was taken to conserve casn
resources. The statement ADDS:
The company has disbursed In the
past two years large sums IN cash 1or
additions and betterments to Its prop
ertv and to that of its subsidiary. the
Virginia & western, including pay
ment on account of the Guyandot ex-
tension. now nearly completed, which
has to date alone cost in excess OF S4,-
900 OOO and for equipment obligations,
without the treasury being replenlshed
by the sale of bonds now in the treas
ury. or of additional bonds which the
company is entitled to under the pro-
visions of its mortgage"
Building Situation Reviewed.
Building permits in sos cities and
towns of the United States during the
month of August, 1882, amounted to
s32,921. .292, according to official reports
made to S. w. Straus & Co. Thls hg-
IRE represents a one-half of l per cent
increase over July, 1882, when the vol
ume for these cities was S32,747.O9l.
This is a normal seasonal increase. Per-
mits issued during August, 1882, fell
7O2 per cent below the same mon1h >oi
1881.
The 25 cities, as group. reporting
the largest volume of permits for Au-
gust, show an increase CT 22.l per cent
over July, 1892, a decline of 70.2 per
cent from August, 1881. and decline
of 74.6 per cent from August, 1880.
Eight of these cities made individual
gains over August, l931-Baltimore,
Wichita. Sioux City, Albany, Whining
ton, Terre Haute, Macon and Allen
town.
Cleaned in Financial District.
Harry G. Meem, president of the
Washington Loan & Trust Co., is doing
jury duty in addition to his regular
activities in the banking field.
Henry Shepherd. who has been con-
nected with the brokerage business in
Washington since 1927, has Joined the
local staff of Fenner, Beane & Unger-
leider, Manager John D. Mothershed
announces.
Receivers for the Departmental Bank
announce that beginning Friday deposi-
tors may file proof of their claims