Evening star., 1936-11-16
1894, 900 Bonds Being Called.

October - 81 ,347,O76 40, ,3O7 ,734
Ss94.o00 Bonds Being Called.
President Donald S. Mace of the
Potomac Joint Stock Land Bank an
nounced today plans for the redemp-
ton of certain of the banks 5 per
cent bonds for payment December l.,
totaling S994.000.
The notice of redemption of the
Potomac Joint Stock Land Bank Of
Alexandria, Va, gives the following
description of the S per cent bonds,
both coupon and registered:
Dated-December l, 1923; June l.,
1924: December l, 1924; June l, 1926.
Callable-December 1, 1888; June
/, 1884; December 1, 1884; June l.,
1896.
Due-December l, 1858; June l.,
1854; December l, 1854; June l,
1856.
The bonds are being called under
the rules and regulations prescribed
by the Farm Credit Association. and
are payable at par at the Riggs Ma
tional Bank in Washington on and
after December l, 1886, on which date
interest will cease.
OF the s994,00O land bank bonds,
1925 900 are being refunded by the is
suance of five, year-tWo year optional
IS which have been sold to Folger,
Nolan & Co.. investment bankers,
President Mace stated. This invest
ment firm has Offices in the American
Security g. Trust Building.
In addition to President Mace, the
other officers of the Potomac Joint
Stock Land Bank include Robert T.
Scott, executive vice president; Wade
B. Hampton, vice president and gen.
eral counsel; J. c. T. Hopkins, jr.,
secretary, and Audrey B. Carroll,
treasurer and assistant secretary. Of
ficers are in the Munsey Building, the
and Virginia.
Unemployment Cut in Half.
The Commerce Department. latest
review states that unemployment in
Norfolk has decreased so pre- cent since
January /. The present number is
estimated at 5000. against 10000 at
the beginning Of the year. A scarcity
OF skilled labor is now reported.
The, survey says that South Caro-
hna's 1886 tobacco crop of 69841 .461
pounds sold for s13,890, ,188, a decrease
of S2,028,165 under the amount re-
eeived for the proportionately larger
1885 crop. Indications are that income
from the 1886 staple cotton crop will
be the largest since 1929
A total of STOP persons were en-
ployed on 112 highway projects in the
State during the week of whom l lib
were listed as relief laborers. A new
$500 900 theater was opened at George
town, S. C.
After the best October showing in
Baltimore in five or six years, retail
volume in the first half Of November
continued to expand over the COM
parable period year ago. This favor
able trend is expected to become even
more pronounced as the holiday season
progresses.
Financial District Gossip.
Rowland S. Davis, chairman; Her.
bert G.. Wellington and Gayer DOM
tuick, members of the New York Stock
Exchange Special Committee on Seq
regation will meet with the Securi-
ties and Exchange Commission in
Washington Wednesday to discuss
broker dealer segregation. They will
be accompanied by Robert Proctor,
special counsel for the exchange, and
Bradford Smith, exchange economist.
William w. Mackall jr., head of
the investment firm bearing his name,
Is sending report to clients stating
that the directors of Fidelity Fund
have declared dividend of $3.50 per
share payable December 10 to stock
holders of record December 4.
Controller of the currency an
nounces that 80 bank receiverships
were terminated in October, making
Ola receiverships closed or restored
70 solvency since March, 1893.
Today's Trading on Exchange.
Mergenthaler Linotype opened the
weeks trading on the Washington
Stock Exchange with 10 shares chang
ing hands at Sc.
Anacostia & Potomac r. r. SIS.
which have been particularly active
recently. came out .on the board at
as, unchanged.
Washington Railway & Electric pre-
ferred recorded two very small sales
at 10912, ex-dividend. Other bid and
asked prices were practically un-
changed from last week.
Visitors in the New York Stock Ex-
change offices here today saw another
active opening at higher prices. The
favorable comments of Col. Ayres on
the outlook for the rest of 1896 and
early 1887 were read with much in
terest as they came over the tape.