Evening star., 1937-03-04
VOLUME CLIMBS
0ND.C.EXCHANGE
January Total at S101,3
Against S85, ,320 in Pre-
ceding Month.
BY EDWARD c. STONE.

SUI, ,SUZ IN comparison VIII Soo,oZU
in December. Trading was in higher
priced stocks in January than in the
preceding month, the total number OF
shares involved being 1905, against
2,043 in December.
The dollar value of January bond
transactions was SIS, ,205, a notable ad-
vance over dollar value of S38,313 in
bond sales in December The COM
bined value of sales of both stocks and
bonds in January on the Washington
Exchange was $156,507 as compared
with $123,633 in December.
The report shows that total trading
on the Baltimore Stock Exchange in
January was lower than in December.
The same was true of the Richmond
Exchange although the difference was
slight In Baltimore there was con-
siderably more trading in stocks. but
a falling off in bonds wiped out the
gain.
Sales on all registered exchanges
rose to the highest total in January
since the commission began compiling
the figures in October, 1884. Stock
sales had value of S2,662 ,975. .595. an
increase of 1873 per cent over Decem-
ber, while bond sales were valued at
5000 .609,659. a decrease of 2.5 per cent
from December.
Equitable Reports Fine Year.
The annual report of the Equitable
Life Insurance Co. of the District
of Columbia. just published, shows
that 1886 was one of the be;v years
the company has had Insurance in
force on December 81 amounted to
6,349, 900, an increase of Sl0694, ,709.
Total assets of the company amounted
to $12,378, ,062, an increase of S ,166, ,126
during the year, while surplus, includ-
ing capital stock. totaled S1,263,691 at
the end of 1886, an increase of
Sl56,545
The present officers of the company
are Henry P. Blair, president; Joseph
Sanders, Lauriston H. Hannah and
Gilbert A. Clark, vice presidents; Allen
C. Clark, secretary, and Maurice D.
Rosenberg, counsel.
Trustees are James G. Bennett.
Henry P. Blair, Allen c. Clark. Apple
ton P. Clark, jr. Gilbert A. Clark,
Clyde D. Garrett, Lauriston H. Han
nah, j. Leo Kolb. C. Emory Phillips,
William w. Rapley, Maurice D. Rosen-
berg, Joseph Sanders, Luke C. Strider
and Henry A. Wizard, I'd.
Fleming to Address Bankers.
Robert " Fleming, president of the
Riggs National Bank, will address
members of the Southeastern Regional
Conference of the American Bankers
Association at Atlanta. Ga, during
the sessions on March 25 and 26. He
will discuss bank public relations poll
cies.
Bank management problems, bank
ing research and other subjects will
also be given attention at the meet
ing. Tom K. Smith, president OF the
A. B. A., will speak on ''Wh.' Bankers
Should Counsel Together" and also
on the utilization of Research by the
American Bankers Association"
Other addresses have been arranged
on the subjects Of personal loan de-
partments, bank investments, Federal
Housing Administration mortgages,
chartering of banks and bank crime
prevention.
Financiers Visit New York.
Y. E. Booker. head of the invest
ment firm bearing his name, has been
on a business trip to New York.
NJ. o. ExnicioS, vice president OF
Robert C. Jones g. Co., has returned
from a business visit in Wall Street.
Joshua Evans, -, vice president OF
the Hamilton National Bank, has
been at Nassau and several other
places during his present trip South
John Miller, jr, president OF the
First g. Merchants Bank, Richmond,
who is well knowr. here, has sailed for
q two months trip to France and
Switzerland.
General regret was heard in the
financial district today on the death
O. Firman R. Horner, vice president
and director of the McLachlen Bank
ing Corp He had been identified with
the bank for more than 46 years and
was one of its original incorporators,
having been vice president since 1897.
He was "a years old and had been in
poor health for Ions time, although
he remained active until recently.
President L. P. McLachlen paid him
q high tribute.
Heard in Financial District.
Building and loan associations, in
surance companies, savings banks and
similar institutions which are mem
bers of the Federal Home Loan Bank
System are exempt from taxes levied
in the social secur ty act ever though
they are chartered by States, the
Bureau of Internal Revenue ruled.
The Chesapeake g. Potomac Tele-
phone Co. of Baltimore had a net gain
of 1929 stations during February,
compared with a net gain of 1864 in
February, 1886. and a net gain of 465
In February, 1885. For the first two
months of 1887 the company had a
net gain of 3,102 stations, compared
with net gain of 2,259 in 1886, and a
gain of 801 in the like period of 1885
Accounts of 1.357,373 persons in saw
ingS and loan institutions were insured
up to $4,000 each on February Is, the
Federal Savings & Loan Insurance
Corp. reports. This represents gain
Of 427,262 accounts from the cor
responding 1886 date.
Average daily sales of chain drug
stores in January, 1887, were 8.5 pei
cent higher than in January, 1886,
according to preliminary estimates Of
the Bureau of Foreign and Domestic
Commerce. The greatest gain was
shown by fountain sales, which were
9.5 per cent higher, followed by al
other" sales with ~ per cent in.
crease from last January.
Today's Trading on Exchange.
Business on the Washington Stock
Exchange today was much more active
than earlier in the week. Norfolk &
Washington Steamboat Co. stock came
out at 110, Potomac Electric Power
per cent preferred at ia and the 5K
per cent preferred at 113a and 113
Capital Transit sold at 151a.