Evening star., 1939-02-07
D. T.. Stock Exchange
Sales During 1893
Under 1887 and 1896
Trading in December
Ahead of Year Ago,
S. E. c. Report Says
By EDWARD c. STONE.

BY EDWARD c. STONE.
Trading on the Washington Stock
Exchange during the full year 1888
fell below the record for 1887 and
for 1896, the annual report of the
Securities and Exchange Commis-
sion disclosed today.
The dollar value of both bond
and stock sales in 1888 amounted to
s1,276,O96, while the corresponding
figure in 1887 stood at $1,6l3,7l4 and
in 1886 reached $3.50 073.
During 1898 there was turnover
of 1882 shares of stock, against
2O,878 in 1887 and 24,749 in the year
1896. There was also substantial
contraction in bond dealings, dollar
value in bonds in 1888 amounting to
s247,218 in comparison with $469 ,230
in 1887 and the still higher figure
of S8O1 ,341 in 1886.
The drop on the Washington ex-
change was not exceptional, as the
value of all stock and bond trans
actions on all registered exchanges
in 1888, which amounted to $685.
9O6,883, was a decrease of Al per
cent from the total for 1887 and was
the lowest volume in several years.
The Securities and Exchange
Commission also reported business
on the Washington exchange for
December, all sales amounting to
sl22,868, against S130864 in Novem-
her, but we'll ahead of the total of
sllO,757 in December, 1887. The
value of stocks sold totaled $93082,
against S104,629 a year ago. Sales
involved 1886 shares, against 1926
shares in December. 1887.
Bond sales totaled $29,787, COM
pared with $25,l08 in November and
$6128 in December a year ago, to-
days report showed.
Riggs Film in Great Demand.
"Sixty Thousand a Day is the
title of a picture produced during
the past year by employees of the
Riggs National Bank, showing the
various steps required to collect
three typical checks-one drawn on
the bank itself, one on another local
bank and one on an out-of-toWn
bank.
The picture deals with the one
service that is used by practically
all the depositors, but it is doubted
il one depositor in a thousand has
any conception of the many details,
including actual accounting records,
that are involved in this service.
The picture follows these checks
from the time they are deposited
with the tells, to the proof depart
cnent, to the bookkeeper, clearing
house or the transit department, as
the case may be, and shows the
operations of the various mechanical
appliances that make it possible to
landle $4,000 to 100000 checks a
Cay.
The Riggs Bank motion picture
vas made originally for use in con-
rection with the educational pro-
gram it conducts for its own en-
ployes At the request of the educa-
tonal director of the American In
s.itute of Banking, it was shown at
the annual convention of the Ameri-
can Bankers Association in Hous-
TON, Tex, short time ago. Since
then it has been shown locally at a
rumber of the Junior high schools
tefore civic clubs. and last week a,
lew York University and A. B. A
Headquarters.
Requests for the film have been
received by the bank from New
York to California and from groups
that include churches, Masonic
lodges, trade bodies and civic or
{anizations
1888 Advances Being Held.
The United States Chamber oi
Commerce reports that gains made
il the later months of 1888 were
Eeld in January, and in some di-
TectionS new progress was made
lJet result augur we'll for the com.
ing months, the review asserts.
Favorable comparisons with Janu-
ary, 1898, range all the way from
lumber production to most Of the
textiles The level of industrial pro.
duction in the first month of thi:
year was we'll over the level fol
January, 1888. Stocks of goods are
obviously low. Again in January
there was persistence of strength
il the general business situation
despite more threats abroad of in.
ternational disturbance on a large
scale
Credit Men Plan Banquet.
Approximately 100 of the mem.
hers of the Washington Association
Of Credit Men and their guests vii
ettend the annual banquet that i
being held at the Wardman Parl
Hotel tonight, the banquet starting
at 7:30 o'clock. During the banque
program of entertainment will
be offered modelled after the an
nual Gridiron Club affairs.
Masater of ceremonies for the din
ner will be John A. Reilly, presiden
of the Second National Bank ant
a former secretary-treasurer of tn
association. George B. Hoey o
Lyon Conklin Co., Inc. is genera
chairman of the Banquet Commit
tee, and Mrs Ethel J. Hess of E. E
Adams Co. is chairman of the Pro
gram Committee.
INC" IIIuSc oCOI SCS oAhSldl.
T. Howard Duckett, president o
the Prince Georges Bank g. Trus
Co., of Hyattsville and Noun
Rainier, announced today that tn
directors last night elected Thad
deus M. Jones as vice president t
fill vacancy caused by the dealt
of Newman DudroW Mr. Jones ha
heen trea c1lrar of the hank Sinc
it was formed % years ago.
Assistant Treasurer William Bowl
was named treasurer in place O
Mr.. Jones and Brice D. Ducket
appointed to fill Mr.. Bowie's pos
j. Robert Sherwood, senior assistan
treasurer, was advanced to the po
sition of assistant trust officer.
Deposits in the bank now tots
almost S5OO0,OO0, highest in it
6icfory