Evening star., 1936-12-30

@ the same reply
..n.- m 60, was received, that
'o" '"" SO far the clubs
were ahead of 1896.
The frequent increases in the
amounts pledged for the coming year
have impressed bank officials the most
People who saved only S25 this year
are signing up for $50 next year. Those
who got $50 on December l will get
S100 in 1887 provided they carry out
their present expectations, and so on
into the higher brackets.
To a great many WashingtonianS
the Christmas Savings Clubs have be-
come an institution. AS soon as they
receive their money from one club
they hasten to join the next one. Clubs
this year are being conducted by the
American Security & Trust, Anacostia,
Bank of Commerce & Savings. Hamil-
ton, Liberty, McLachlen, Morris Plan
Munsey Trust, National Bank OF Wash
1ngton, National Savings Ss Trust. Sc
curity Savings & Commercial, Riggs
Bank branches, Second National
Union Trust and washington Loan
& Trust.
Van Slyck Assigned Here.
Appointment of Milton Van Slyck
as assistant to the president of Trans
continental & Western Air Inc, was
announced today by President Jack
Frye. his Office to be in the National
Press Building in Washington.
For the past 10 months he has been
public relations manager of Transcon-
tinental IN the central region with
headquarters in Chicago. Prior to that
he was identified with newspaper work.
being transportation editor Of the Chi
Cago Journal of Commerce.
The official will come here on Janu-
ary l, but will assume his new duties
at once, the announcement said.
Thermoid Bond Issue Sold.
An issue of S2,450000 Thermoid
Company first lien collateral trust
per cent bonds, dated December Is
and due December Is, 1851, were
placed on the market today by a
syndicate headed by Van Alstyne Noel
& Co., and participated in by Fenner
& Beane and James M. Johnston &
Co. of Washington. The bonds were
priced at 100 and accrued interest
The company is primarily a holding
company, owning and holding shares
of capital stock in several rubber COM
panies. The underwriters have been
advised that the company plans to
apply for listing of the new bonds on
the New York Stock Exchange or
Curb Exchange in the near future
The bonds have non-detachable pur-
chase warrants emitting holders to
the purchase Of common stock. 1t was
announced at the Office of James M
Johnston & Co., this noon, that the
bonds had already been oversub-
scribed
Guenther Gives Selling Hints.
Louis Guenther, publisher of the
Fiancial World, summarizes reasons
for selling stocks as follows:
when basic production indices ap-
pear to have turned definitely down.
ward
When a security has recorded a
substantial profit and offers little
prospect Tor further earnings growth.
When it is found a mistake in Sc
lection has been made Then the
right course is to SELL take the loss
and endeavor to recuperate through
another and more desirable security.
The promptly taken loss is usually the
smallest one"
Cleaned in Financial District.
The Washington Gas Light Co. has
filed an amendment with the Secur-
tiles and Exchange Commission delay
ing the proposed offering OF securities
to January Is
The volume of outgoing long dis
tance calls handled by the Chesapeake
& Potomac Telephone Co. during
Christmas, according to company Of
ficials, was As per cent above Christ
mas traffic last year and So per cent
above the business handled on a nor
NAL December day. The Postal Tele-
graph & Cable Co. reported the
heaviest file ever handled in Washing
ton on Christmas day.
earnings of $3.50 share OH common
stock in the first II months of 1895,
against $6.74 in the comparable period
last year.
Stewart Mcdonald, housing admin
1strator, estimates that between 40O,-
600 and 100000 non-farm dwellings
will be constructed during 1887. The
number in 1886 was 27OOOO.
New stabilities are obviously being
created out of the business progress
Of the past IS months and gains are
being steadily consolidated, SAYS
Harper Sibley, president of the United
States Chamber of Commerce.
Today's Trading on Exchange:
The Washington Stock Exchange
opened today with eight 1O-share sales
in Capital Transit stock at 13, un-
changed from yesterday.
Capital Traction SIS were strong.
$1,000 changing hands at 931a.
Real Estate Mortgage & Guaranty
preferred stock appeared on the board
at 611a. Other bids were practically
unchanged.
Bank Declares Dividend.
Directors of the National Bank Of
Washington at the regular monthly
meeting held today, declared the usual
semi-annual dividend of So per share
on the capital stock Of the bank, pay
able January 2, 1897, to shareholders
Of record December 80, 1886.
FREIGHT LOADINGS.
NEW YORK December 30 t4P.-Among
railroads reporting freight car loadings
for the week ended December 20 were:
Latest 1885