Evening star., 1923-10-10
COMMON
IN STARTLING RISE
Jumps Three Points on Sales
of $50 Shares-NeW Head
for District Guaranty Co.

common stock of Washington Rail-
way ana Electric Company lived up to
the prophecies Of its stanchest sun
porters when it scored a sensational
"-point advance to SO on the Wash
ihgton Stock Exchange this morning.
A total of $50 shares were sold.
ihe opening of the issue was uuiet
ana ieatureless, despite a betterment
OF % of point over it's previous
close. Selling OF ten-share lots ad-
Fanced the price steadily to 6s, when
'he hughest block yet sold, 500 shares
was thrown on the market and
bought at the days high.
Washington Railway and Electric
preferred also enjoyed unusual ac-
| .lVlty, but at unchanged prices. Sales
oL lSo shares We're recorded at ~
the prevailing level
Inc remainder of the session was
| ouii: Washington Gas IS Of Ie33
; Sold at par and a half, Ffremen's
! insurance Company brought is, Ian
ston T changed hands at 74k. Capital
,h ihraction stock sold for 1O01a and
trust Company sold at 351.
Westlake Resigns Presidency.
William B. Westlake. president NJ
the District Guaranty Corporation
since its inception several years ago.
retlred from his executive capacity az
an meeHng or directors yesterday and
was succeeded by Hugh H. Hanger
president OF J. Z. Hanger, Inc, who
mas been treasurer of the finance
agency since formation. Mr.. West
lake retains his seat on the board
d. w. Fox, local manager of the
Hyde-Murphy Company, was elected
to the office of treasurer. succeeding
MI Hanger. and j. A. D. CARRIER OF
the supervising architects Office of
! the Treasury Department was added
! to the directorate
Other officers were reelected az
follows: John Loughran, vice pres:-
dent; Edward L. Staudermann, secre-
tary; Daniel O'Haire. auditor, and
Price & Dulaney, counsel.
Transit Company Losing Money.
The Washington Rapid Transit
Company continues to operate at i
loss, September's deficit amounting to
1886. statement of earnings filed
with the Public Utilities Commission
| this morning shows, In August, 1923.
the company lost s10,s06. Reverses
of S1.492 were sustained in September
! of last year.
Total operating revenues Of the
carrier amounted to S23.045 during
| the past month, with expenses agEre-
eating s31.466 Revenue passengers
/ decreased to 2S7.589. in contrast with
/ 321,59S carried in September of last
! year.
! Tie first business session of the
! local chapter. American Institute Of
| Banking. will be held tonight when
Raymond +. Dickey. member of the
| District Bar Association. lectures be-
fore the commercial law class on
| Contracts" Tomorrow night Prof
| F. J. Donohoe of Catholic University
will discuss Economics" for the edi-
fcation of the advanced class All
meetings start at pm.
! At the get-together meeting held
/ last night chapter officials announced
| the acquisition of new members suf-
ficient to bring the total membership
of the Washington body to 1000.
which was the set goal at the begin
ming OF the membership campaign
begun ten days ago
Members of the chapter who sue
ccasfully completed courses in the
educational work of the institute
were awarded certificates. and spe-
eial awards were given honor stu
dents The cash prizes annually
awarded by Charles j, Bell. president
of the American Security and Trust
. Company. were won by John De La
Ms ter of the Treasury Department,
S25: Miss Burnetta Black of the
Treasury Department, SIS. and r. c.
Calvo of the Liberty National Bank.
SO. The Washington Clearing House
Association prizes were won by w s.
French. jr. of the American Security
I
/ r Brooks of the American Security
and Trust Company. Charles X West
! of the Security Savings and CONNER
{, ctal Bank and Miss Laura Forbes of
: Riggs National Bank. The three last
! mentioned tied for second honors
! X. Golden Donaldson. president
! OF the Commercial National Bank,
awarded cash prizes to the employees
! OF the bank who successfully COM
! pleted the standard course as fol-
lows: Lewis W. Bealer. Joseph Is.
Goldney, Robert c. Daniel and Enoch
G. johnson. $50 each. Mr.. Johnson
was awarded an additional prize of
| S25 for completion of the elementary
course. Certificates were awarded to
thirty-three graduates from the
standard course, and to thirty grad
yates from the elementary course.
! bonds Offered Locally.
! Dillon. Read & Company. and Crane,
Paris 6. Company today offered 10
cally Sl0.000.000 of three year, 51a
{ per cent bonds of the Kansas City
! Terminal Railway at 99A, to yield
about SIS per cent.
The bonds are guaranteed jointly
3! and severally by S13.000,0O0 of per
! cent obligations of twelve transcon-
, tinental lines.
! A brisk local demand was reported.
! Market Flashes