Evening star., 1937-12-10


by SO stores located in 26 cities Per-
centage comparisons for all the dis
tricts with 1886 follows;
U. s. total 'NoT' IL Mos stFi S$i cit5fs; aSa
Reserve
districts:
Boston +3 "a 80
New York +5 81 20
Philadelphia = 3 +5 80 IA
Cleveland ) -l3 30 10
Rlchmod - 53 26
Atlanta +6 IS "a is
Chicago Il 10 50 81
St Louis y IS "a II
Minneapolis Il a 40 81
Kansas City 3 - "a is
san es5iaf Francisco 4 +ss 81 sss
November figures preliminary; in most
cities the month had one more business day
this year than last year.
Barney Office Halls Merger,
The staff of the Washington Office
of Charles D. Barney g. Co. hailed
the merger with Edward B. Smith g.
Co., another New York Stock Ex-
change firm, with marked enthusi-
asm. AS only one of the firms had
an Office in the Capital, the merger
means that the Office here will go
on just as it has been operating for
years. Customers in the city who
have been doing business through
the Smith Office in Philadelphia will
naturally switch to the local Office
There were no Smith Offices South
of Philadelphia. Barney Offices have
long been operated in Baltimore,
Charlottesville, Va, and Winston
Salem N c. These Offices will now
have greatly extended wire service,
including a wire to London, accord
ing to Frank B. Morse, one of the
managers of the Washington Office.
In cities like Philadelphia and Cleve-
land, where both firms have had
Offices, there will be large savings in
overhead due to the consolidation.
Parker New Storage Director.
Chauncey G. Parker, jr., member
of the New York Stock Exchange firm
of Auchincloss, Parker g. Redpath,
has been elected a director in the
Security Storage Co, it was announced
today. Mr. Parker started his busi-
ness career with the American Sugar
Refining Co and in 1923 became en-
gagged in the investment business in
Washington. Since 1880 he has been
a member of the above named broker
age and investment house, having
been one of the founders.
Mr.. Parker was graduated from st.
Pauls School, Concord, N. H., and
entered Harvard with the class of
1918. He has very fine World War
record overseas with the field artillery
service. Very active in Community
Chest work, he has been vice chair
man of the metropolitan unit in 1886
and 1887. He is vestryman of Assem-
sion Church. also belongs to many
important clubs in Washington and
New York.
He is treasurer and governor of
the Washington Stock Exchange,
member New York Cotton Exchange,
governor and past president of the
Ticker Club of Washington, which is
an association of stock exchange
firms. and a governor and vice presi-
dent of the Washington Bond Club.
Sanders Heads Trade Group.
j. M. Sanders, vice president and
has been elected president of the
Washington Automotive Trade Asso-
citation for the coming year. The elec-
ton was held at the Hay-Adams
House.
Other elections were: First vice
president, Lee D. Butler; second vice
president, Benjamin Ourisman; treas
urer, L. S. Julien; secretary. Louis
Carl. Oscar Coolican and Whitney
Leary were named directors for three
year terms.
Marylander Addresses Bankers.
H. Sadtler Nolen, trust examiner of
the Maryland State Banking Commits
sion, addressed the annual joint
meeting of the auditors and fiduci-
aries sections of the District Bankers
Association last night at the La Fayette
Hotel. He discussed Control of Indi-
vidual Trust Departments, his talk
proving most interesting and informa-
tive.
The joint session, which took the
form of a dinner meeting, was one of
the best held this year. There were
nearly 100 members of the two Sec
tions present. Harry l.. Downey
presided.
Heard in Financial District.
The Interstate Commerce Commits
sion has granted permission to Vir-
ginian Railway Co. to abandon 81
miles of line between West Fredericks-
burg and Orange, Va. At the same
time the application to abandon
mile of line extending between West
Fredericksburg and Fredericksburg
was dismissed.
c. r. MCGEE, Washington, a mem
Der of the E. P. Kern agency of the
Bankers Life Co. of Iowa, was ninth
among the 1900 statesmen of the COM
) pany in the writing of new life insur-
ance during November.
Brokers in the financial district to-
day were predicting more Stock Ex-
change firm consultations during the
coming year. They base their FORE
casts on the volume of business dur
ing the last year and the higher cost
Of operation.
Today's Trading on Exchange.
There was good demand on the
Washington Stock Exchange today
for Washington Gas Light preferred
stock. The opening sale was made
at 98A, followed by several others
ut 80.
Washington Railway g. Electric
preferred stock also was popular and
strong, several sales taking place al
109. Potomac Electric Power pei
cent preferred appeared on the boare