Evening star., 1924-02-14
GASL|GHT STOCK
F|RMEST IN WEEKS
Other issues Also Strong on
Local Exchange-Finan-
CiaI Notes.

! Strengths8a utility stock issues was
easily the feature on the Washington
STOCK Exchange this morning. Under
the leadership Of Washington Gas,
| the list, while not unusually active,
| exhibited the f1rmest tone in weeks.
Gas sold at so for the first time in
| weeks. That an urgent demand for
this issue prevails Is evidenced by the
fact that none was available follow
ing the single sale of five shares, the
| security closing at 4s1s bid with an
| asked" price. Railway common
| brought II, it's prevailing level. on
sales aggregating fifty shares, while
the preferred was firm at 75.
Well diversified bond trading was alss
| seen. Potomac Electric refunding 70
brought 1o6X. the 6s 102 and the con.
solidated 5s 96H. Traction 5s sold al
SSE and Washington Gas IS brought
Transactions were confined exclusively
to utilities.
Community Trust Plan Grows.
Effective measures used In establish
Ing successful community trusts In sev-
liminary session in New York yesterday
of the midwinter conference Of trust
companies Of the United States, under
the auspices Of the American Bankers
Association.
Ralph Hayes. director of the New
York Community Trust, in reviewing
the growth of the movement, stated
that ten years ago IL did not exist and
now is established in fifty cities, with
resources Of perhaps s15,0o0.000. An
RI G. frf huNft Inn Hg1A
million mark.
Regular business sessions are ar
ranged for this afternoon. when pol
ictes in acceptance of new business.
fundamentals Of correct trust charges,
investment trust funds. auditing prac-
tice in connection with trusts and
cooperation between trust companies
will be discussed.
Predict Success for Big Loan.
Local investment bankers believe
the $l50.000,000 Japanese loan. bear
ing 6k per cent and running for
tation. The price. 92E. and the Sc
curity of the loan are considered at
tractive. With these conditions AND
ar excellent supply Of available funds
for investment purposes In this city.
IT would not be surprising IL the is
Practically all Washington invest
ment houses will participate In the
Offering.
Senator Addresses Bankers.
The annual dinner of the board of
directors OF the Northeast Savings
Bank was given Tuesday night at the
Raleigh Hotel. Senator Adams Of Col
orado was the guest Of honor, and. In
an address, declared that the savings
bank Is a great servant OF the people.
Leonard P. Steuart. president of the
bank. submitted a report to the d.
rectors, which showed the great
strides which the bank has made.
When it opened in March, 1916, its
assets were $22.206.6S. On December
81, 1928, he said, the assets totaled
s1,o57, ,454.10. Two newly elected d.
rectors, Kennedy F. Rea, clerk of the
Senate appropriations committee, ami
George F. King made brief addresses.
promising their best efforts in sup
port of the bank.
Bank President Lauds Lincoln.
The following tribute to Abraham
Lincoln, by Col. Wade H. Cooper, pres
ident of the Continental Trust Com
pany, paid recently before Lincoln
NE mortal University in Tennessee. ap-
peared in the Congressional Record
under date of February IL:
Our country has been ever gener-
Gus in Its production of great men. i
have great admiration for George
Washington, the father of our coun-
try. and many other great Americans.
but to my mind. Abraham Lincoln. the
preserver and savior of our great re-
public, surpasses them all. The spirit
of that rugged man of sorrowful life
and tragic death is a heritage and an
inspiration to all our people and
touches alike the mansion and the
cabin.
THE greatest declarat ton ever made
| for human liberty. human ri ghts and
human justice was the immortal
emancipation proclamation of Abra-
ham Lincoln in January. 1863. driving
slavery forever from the soil of our
great country. There is no other
declaration in all history, from the
| that even approaches this declaration
for human freedom by Abraham Lin
coin. save the declaration contained
! in Magma Charta when the people
| wrested their rights from King John
| at Runnymeade.
IF 1 could send a message today to
| every boy and girl in my beloved
country to point to them the upward
| path of life, there are many great
Americans. living and dead. whose
7 should not fall to fix In their men
tai vision the path of glory that leads
from the immortal rail splitters cabin
! to the Olympus of eternal fame.
| AS patriotlC american, a son OF
| the south, proud of our great country
and its vast achievements, / reverent
! ly salute the memory of Abraham
Lincoln and give today the tribute of
/, the south as 1 know 1t to exist in the
| hearts of her great people.
| THE name of Abraham Lincoln be-
! longs to no section but to the whole
/ nation and to the entire world. In
| every land and every CLINE where
people love human freedom ano hu-
man justice. their hearts and souls
will ever thrill at the mention Of his
| immortal name"
100000 Bond Issue Sought.
The Interstate Commerce Commis-
sion was asked today by the Missouri
Pacific Railway system for authority
to issue 100000 in 6 per cent first
and refunding mortgage gold bonds.
The company intends to use the
proceeds of the sale In the purchase
of certain property owpAd ~ st!-
Kansas City Northwestern rafrway.