Evening star., 1939-01-10
Washington Exchange
Trading During 1888
Below 1887 Mark
Bonds Reveal Larger
Slump Than Stocks
In Volume Totals
BY EDWARD C. STONE.

to $276,50O, against S461 900 in 1887.
There was not so much difference
In the stock division, where 1889
shares changed ownership during
the year. against 2l,229 in the pre-
vious year This total is highly IA
Vorable, as 1888 witnessed a large
amount of trading in the highest
priced issues on the exchange.
In the bond list the heaviest trad
ing was in Capital Traction IS,
which recorded a $4,000 turnover,
and in Washington Gas Light re-
funding SIS, which registered sales
amounting to s52,50O. Next on the
list came Anacostia & Potomac
River r. R. first 5s, l949, in which
sales totaled S51 1000
Gas Preferred Most Active.
Washington Gas Light preferred
was the most active public utility
stock on the list. This blue chip
issue was in demand to the extent
of 1884 shares. Next among the
high priced issues was Washington
Railway & Electric preferred. Capt.
tai Transit stood third in the share
turnover.
Among the bank stocks, Liberty
National led trading, with sales to-
falling 635 shares, closing the year
at Sl57 a share. American Security
came next, with 321 shares chang
ing hands, with final sales at s253
a share.
In the miscellaneous list, Real
Estate Mortgage & Guaranty pre-
ferred, which closed the year at
45s. led in share turnover at 3,648.
Next was Mergenthaler Linotype,
with 2,17l shares shifting owner
ship. closing at %. Peoples Drug
common was third in the list, with
Woodward & Lothrop common in
considerable favor.
Members of the exchange report
that they had great many orders
they were unable to fill, as holders
we're unwilling to part with their
securities at the prices offered.
Bankers Meet Next Monday.
Hilleary G.. Hoskinson, president
Of the District Bankers Association,
announced today that the associa-
tion's midwinter meeting will take
place at the Hotel Raleigh next
Monday evening at o'clock.
The speakers for this meeting will
be Henry B. Steagall, chairman OF
the Banking and Currency Commit
tee of the House of Representatives
and William R. Kuhns editor, Bank
ing. official publication of the Amer
ican Bankers Association. A buffet
supper will be served.
Riggs Votes Regular, Extra.
Directors of the Riggs National
Bank yesterday declared the regular
dividend on the common stock of
the bank of 81 per share, as we'll as
an extra dividend of 50 a share, both
payable January Is, to stockholders
of record January 8, and the regular
common dividend of 81 per share.
payable April Is, to shareholders of
record March 81. President Robert
v. Fleming announced after the
meeting.
Mr.. Fleming stated that the regu-
lar semi-annual dividend had been
declared upon the preferred stock of
the bank, payable February l, to
shareholders of record as of the close
CT business January g.
Mr.. Fleming announced that the
board had authorized the transfer
from profit and loss to surplus &C
count of $4,000. and the setting up
Cf additional reserves in the banks
reserve for retirement of preferred
stock fund, wherewith to retire, by
lot, in accordance with the boards
action of this date, Sl17.5O0 in pre-
ferred stock on March /, 1889 In
connection with the Its shares of
preferred stock so called. the books
of the bank will close on January
81 1889
Bankers Plan sports Night"
Conservative bankers making up
the auditors and safe deposit sec
tions of the District Bankers Asso-
citation are going to kick over the
traces at their joint annual dinner
meeting Thursday evening at the
Lee House and have a sports
night" according to Raymond G.
Marx, auditors program chairman.
Many outstanding celebrities of the
sports world are to be honored
guests. Banking is to be kept in
the background unless one of the
guests wants to make big loan,
Mr. Marx says
Those who have accepted invita-
tions to attend are Clark Griffith,
president of the Washington Base
Ball Club; Walter johnson, former
Washington pitcher and manager,
and generally referred to as the old
master; Bucky Harris, manager of
the Washington Baseball Club, Bill
Werber, third baseman for the Phil
adelphia Athletics and former Duke
University star; Bill MCGOWAN,
American League umpire; Frank
Dobson, head football coach, Uni
versity of Maryland; Bill Reinhardt,
head football coach, George WASH
ington University; Arch MacDon-
aid, radio sports announcer; Witty
Cox. golf professional at Congress
sional Country Club; Astor Clarke
and Ida Simmons, the Nations
ranking No duckpin boWlers.
Shirley Povich, sports editor of
lllc " dSlilllSlO lOll IOol, Will Uc llldS-
ter of ceremonies and is expected to
call on all of the above for a few
remarks pertaining to their respec-
tive fields
Gerald E. keene, assistant cashier.
Second National Bank, is chairman
of the auditors section and P c.
Brady, American Security & Trust
Co, is chairman of the safe deposit
section.
D. c. Banks Elect Directors.
AS noted elsewhere in today's Star,
many Washington banks held their
annual stockholders meeting today
and elected directors for the coming
year. Several also named their Of
ficers. Half a dozen banks elected
new directors. The National Bank
of Washington elected two; others
one each.