Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-01-09


speak on the Eco E#& ).
romic Elements &&% A
Forming the Fac
tors Affe ing Albert w. Atwood.
world Affairs in
General and Banking Activities in Par
ticular." The subject is most timely
and would appear to be sufficiently
broad to give the speaker plenty OF lat-
tude in what he says. His last address
before local bankers was at the annual
convention at Hot Springs in 1881 and
aroused unusual interest.
The AIid-Winter meeting will be at
tended by the members of the aSSocia-
ton. junior olncers in the banks and
bank directors. This assures large
attendance. In addition to the main
address, reports will be presented by
chairmen of various standing commit,
tees, one of the most important of
which is likely to be a review of the
recent Christmas Savings Club cam
paign At the conclusion of the meet
ing buffet supper will be served.
Exchange Lists New Gas Bonds.
The board of governors of the Wash
fngton Stock Exchange today voted to
list the new issue of S8,500000 Wash
ington Gas Light Co. refunding mort
gage gold bonds, per cent series, due
in 1858. They were listed on when
issued basis
The new bond issue has aroused
much interest in local financial cir
Giles, as it is the most important local
bond issue that has appeared in long
time. 1t is also the first financing
by the Washington Gas Light Co. since
1924. The bends are priced at 9414 and
win yield 5.42 per cent.
% -
and including January /, 1885, there
after less one-fourth of l per cent each
year until and including January l,
1857, and thereafter to maturity at par
Proceeds will be deposited for payment
at maturity on April l. 1888, of $4,000
600 mortgage debt and the redemption
on March /, 1888, of 100000 notes
OF the company. The balance will be
used for other corporate purposes.
The demand for the bonds. which has
already been manifested, indicates they.
will be one of the most important
issues on the local Exchange in short
time. The issue was given unusually
prompt listing. incidentally, it is the
first to be made in many months.
Today's ID. c. Exchange Trading.
The weeks market on the Washing
ton Stock Exchange opened today witt.
81 900 Anacostia & Potomac r. r. SIS
selling at As
Capital Traction IS figured in two
$1,000 sales at 52l2, the same as the
last previous sales in this issue.
Capital Traction stock appeared on
the board in a single sale of Is shares.
at 10. The market closed with 9la
bid and 1912 asked for this stock
Trading was lively in the New Wash
ington Gas S. 1858. on when issued"
basis. AS these bonds do not go on
the regular list until tomorrow. today's
transactions were in the unlisted de-
partment.
Two $4,000 sales in these gas bonds
were recorded at 9414. Five other sales
totaling $1,000 were also made, also
at 9414.
Peoples Drug Sales Compared.
Sales Of Peoples Drug Stores, Inc, for
December, announced Saturday, were
being commented upon in the local
financial district today. Sales in Deem
Der, 1882, totaled s1,712,36 against
$l,778,834 in December, 1881, decrease
of S66,474, or 81 per cent. Sales in
per cent, as compared with the same
month in 1881 The December results
were much more satisfactory and indi-
cate an upward turn in business.
Sales for the II months of 1882, with
out consideration of changes in the
number of stores during the year,
totaled Sic, 199,006 in comparison with
$17,459,012 in the similar period in
1881, a decrease Of Sl,270,006, or 70
per cent. Here again the December
percentage decrease is more favorable
than the percentage figure for the whole
IL months. Officials of the company
state that hlISinnCs in rHc If
territory served has recently revealed
encouraging gains.
The number of Peoples Drug Stores
In operation on December 81, 1882,
totaled lit against 124 earlier in the
year. Controller w. H. Churchill's
report states
Stock Tables Value Landed.
The stock table on the financial page
OF newspaper is second only TO the
tape Of the stock ticker in its market
Importance. it is declared in the current
number of Stock Market Technique,
edited by Richard D. Wyckoff.
That table" says Mr.. Wyckoff, CON
tains real information; inside informa-
ticn-the highest, lowest and closing
prices; the number of shares bought
and sold. 1t records both history and
prophecy. When you know how to
analyze it you will discard all the other
text, tables and whatnot, for it will tel!
you the only thing worth knowing about
the stock market-what is likely to
happen.
mo one can do as much for YOU as
you can do for yourself by extracting all
there is to be found in the record of
the transactions. Between the lines
and columns there flows evidence of the
Jaw OF supply and demand-the doni-
mating factor in the stock market
that always tells the truth, that never
fails; that never changes"
Heard in Financial District.
All the national banks in Washington
and many other banks in the city will
hold their annual meetings tomorrow.
There are some vacancies among di-
1ectors to be filled but comparatively
few changes are anticipated
Those attending the fifteenth annual
District OF Columbia anC MARYLAND
Congress of Life Underwriters to be
held January 26, 1888, at the Shoreham
Hotel, will be entertained by a playlet
entitled 'Life's Like That" a play of
yesterday, today and tomorrow. Those
appearing in the cast will be members
OF the A. L. Baldwin Agency of the
Northwestern Mutual Life Insurance Co.
With the final accounts for year still
incomplete, present indications are that
Pennsylvania Railroad for year ended
december 81. 1882, will show net in
come after all charges and taxes of
roundly S13500,000. This would be
equivalent to $102, or 2.G4 per cent a
share on l3l67,693 sllares of capital
stock outstanding. Par value Of the
shares is $50
Construction Awards.