Evening star., 1946-04-11
Store Issues Take
Lead in Activity on
D. {. Stock EXCHANGE
BY Edword c. Stone

by Edword I. Stone
Trading in department store is
sues featured transactions on the
washington Stock Exchange in the
FIRST quarter of 1916, a survey re-
veals. At the same time the total
s90lume OF sales was three times
i heavier than in the like 1945 ne.
4 riod. The sharp increase was almost
b wholly in stocks, as bonds. with the
s exception of Capital Transit As. were
q very quiet.
Z Woodward & Lothrop common
with a turnover of more than 1,5OO
& mares, was the most active issue
Ieachlng 81 for the first time Gar
& hnckel preferred, which moved up
t 10 70, STOOD second in volume. l,425
3 shares changing hands, with Hecht
& common IN heavy demand and SELL
s ing up to 80. All three stocks reg
istered new high marks.
Z Washington Gas common was an
other of the most active stocks on
the board, l,750 shares changing
ownership. with the price moving
I from around 80 to 354.
Trading in Riggs National Bank
STOCK, rights and fractional shares
III connection with the increase in
the banks capital. played a surpris-
! ing part in boosting the exchange
volume. There were 1876 sales ir
rights alone. Capital Transit was
a favorite, 2,450 shares changing
5 hands at rising prices.
Lincoln Service Earnings Up.
/, Lincoln Service Corp. showed
earnings of $l.59 per share on the
/ common stock for the first three
7 months of 1916 as compared with
s1,l9 in the same period in 1945,
after provision for preferred divi-
dendS and income taxes, President
Charles Delmar announced today
rs Richard P. Dunn, partner in
Auchincloss. Parker & Redpath, and
a member of the board of governors
of the Association of Stock Exchange
Firms, leaves here tonight to at
tend a three-day meeting of the
board in st. Louis.
Sidney B. Congdon. president, Ma
tional City Bank of Cleveland, was
elected president of the Association
of Reserve City Bankers and George
S. Eccles of Ogden, Utah. brother of
Mariner S. Eccles, was named vice
president
Liberty Officers Reelected.
All officers and directors of the
Liberty Building Association were
reelected at the annual meeting
Yesterday, including William C.
Zimmerman. president; Herbert E.
Hurley, vice president; Edmund NJ
Emmerich. secretary; William w.
White. treasurer.
Directors include the officers, to-
eether with George NJ. Emmerich,
AlVah Godding. Charles w. Botsch,
George w. Hugely, jr.; Charles E.
Krey, Robert A. HumphrieS, Frank
T. Mitchell and H. Stanley Stine.
Secretary Emmerich said 1945 was
the best year the company ever
had, with assets rising from So
100000 to S7,800,000. a new high.
The assets include $1000,000 in Gov
ernment bonds.
Reilly to Address Auditors.
John A. Reilly, president of the
Second National Bank. will speak
before the 18th Eastern Regional
Conference of the National Asso-
citation of Bank Auditors and Con-
trollers at the Ritz Carlton Hotel
Atlantic City, Friday, April 26, on
what Bank President Expects
From His Auditor or Controller"
A large delegation of the auditors
section Of the District Bankers AS
soclation, headed by Chairman Aud
ley A. P. Savage. will attend. The
conference will last four days with
an exceptionally busy program.