Evening star., 1921-07-12
GOLD DHOLD|NGSAT
new HIGH RECORD
Treasury Statement for June
Shows Peak at
$3,223,351,644.

The gold holdings of the country
attained q new high record last
month. according to the Treasury
Departments statement. which shows
that on July / gold coin Uncluding
bullion in Treasury was $3,223.351.-
GA.
the s previeps iepseseos monsh on on ,assf44ss snd
s535.S3S,7s2. For the first six months
of 1921 the average gain in gold stock
was approximately $73.000.00O a
month.
q Per Cent of Worlds Stock.
The largest addition to the gold
stock that occurred so far in one
calendar year was $52s.952,O00. This
was in 1916. There are indications
that 1921 will make new record In
this respect. For the first six months
the 1916 record-and the flood con-
tinues.
The United States has now about
4s per cent of the worlds known
gold stock, with only about per
cent of the population.
Insurance Company Elects.
At the annual meeting Of the stock
holders of the National Union Insur-
ance Company of Washington. held at
the offices Of the company, BIS
street, the following board Of direc-
tors was chosen: Charles B. Bailey.
Thomas Bradley. Floyd Davis, Albert
F. Fox. w. T. Galliher, John B. Lar
ner. Philip F. Larner. Walter S. Pratt.
jr.. B. F. Saul, George Spransy, John
c. Weldon and j. Leo kolb.
The board organized by the election
of the following officers: Albert F.
Fox. president: Charles B. Bailey
vice president: B. F. Saul. vice presi-
dent: Philip F. Larner. secretary. and
William H. Somervell, assistant secre-
tary.
Prince Georges Bond Issue.
Baltimore bankers will submit bids
school bonds, which Prince Georges
county, Maryland. will sell on July
10. This is the second issue brought
out by the county. the first being
$66.000 per cent road improvement
bonds. which were sold to the Aer-
on a 51a per cent basis. 1t Is not be-
lieved that the present issue will sell
1T such a high level.
Personal Mention.
E. L Hillyer. vice president of the
Union Trust Company. has returned to
the city after a vacation of several
{ weeks. during which he enjoyed an
automobile tour through New Eng
land.
Sinking Fund Purchase.
The Secretary of the Treasury an
! nounces that the first fiscal years op-
Grafton under the cumulative sinking
fund established by the act approved
March 3. 1919, were completed June
80. 1921. and that $2sl.250.250 face
chased and retired for account Of the
sinking fund during the fiscal year.
The total principal cost Of the notes
purchased was $254.s44.s76.
e. C. Brandenburg Elected.
Owing to vacancy on the board of
managers of the Mutual Fire Insur-
ance Company of the District. caused
Johnson, E. C. Brandenburg was elect
ed to the board yesterday.
The board of managers now consists
of w. A. H. Church. B. F. Saul. James
er James F. Oyster. L. Pierce Boteler
and Mr.. Brandenburg.
Local Market.
Apart from the disposal Of five
shares of Lanston Monotype stock at
stock exchange were confined to bond
transactions today.
Washington Railway and Electric
,, Compa4y's general mortgage per
cent boSds featured the list with the
sale $4,000 at s2K, while $4,000
worth OF the same company 10
changed hands at SIX There were
also three $1,000 Potomac Electric
! consolidated 5 per cent bonds sold at
s5.
Dividend Declared.
The regular quarterly dividend of
~ per cent of the Washington Loan
and Trust Company. payable August
to stockholders OF record July %,
has been declared.