Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-15
GAS LIGHT STOCK
STAGES RECOVERY
High Light on Exchange To-
day-Press Sevens Are
SoId-Notes.
BY CHAS. p. SHAEFFER

Stock of the Washington Gas Light
co. proved the high light on the local
market today. staging a recovery to
"a on sales CT 254 shares. Opening
WIN odd lot selling at 72A, the Sc
curity gained rapidly in favor, but
could not advance beyond "a, al
Which figure a total of $50 shares
changed hands. The issue stood az
inc close with "A bid and 74l2 asked
Mersenthaler Linotype advanced
lractlonally TO 1925, with othe,
active issues unchanged. Railway
preferred brought 80. Lanston "a and
fractlonally above, with Capital Trac-
tion selling at l02. Bonds We're list,
less.
Press Club IS Sold.
STROUD, kurtZ & Co. Inc. an
nounced that the 81 500 900 OF Ma
tional Press Building general mort-
gage Z per cent bonds which thev
offered last week have all been sold
ne market was SO receptive il Is
said, that the issue was closed out IN
,, two days.
L. ). Bank Declares Dividend.
Directors of the United States Saw
! ihss Bank have declared the recr-
lar quarterly dividend of 7i2 per cent
| payable on December 81 to stockhold-
! ers OF record December 20.
ms institution is the largest divf-
dend payer in Washington. and has
capital of 100000 with 5000 900 "a
surplus and undivided profits.
| New Bond Issue Coming.
\ new issue of Lincoln Joint STOCK
| lana Bank az per cent Farm Loan
BONDS. due October /. 1865 i OK
! pecled To be offered soon by svndi-
cate composed of Brooke, Stokes &
! 20. OF Philadelphia and the Equitable
trust 60. of New York.
F.; ne Lincoln Joint Stock Land
BANK operated from Lincoln, Nebr
III me states of Iowa and Nebra ska
Secretary Mellon Pleased.
secretary Mellon is Well pleased
! with the Treasury's experiment NJ
| puylng bonds direct from owners fnr.
use III the cumulative sinking fund
an announcement coming from The
lIeasuFy that sec, 900 had been re-
| celved disclosed.
! The bonds were Of the third Lib.
erty loan and we're bought At AN
average price. including accrued in
| terest. of I0l l1-32 All hers above
| 10 =, Plus accrued interest. were re
Jected, and all not exceeding tba,
| heure were accepted Total sub
| scflptlons TO the Offering amounted
! to above Sl76,000. 900 The average
! cost TO the Government of the bonds
accepted, exclusive of accrued inter.
| est was approximately 101 6-32 Pay-
| ment VIII be made December %
Institute Dinner Tonight.
Inc Washington Chapter. Amerj.
can institute of Banking. viii hold
It's initial forum dinner OF the season
al the City Club tonight at $50
clock oo0
An attractive program has been ar
ranged. featured by an address by @
howard Wolfe, cashier of the PhiIa-
! delphia National Bank. who will lee
/ ture on The ANALYSIS of Tnnrofit.
able Accounts" This topic is one
! particularly moot in the local bankers
fraternity at the present moment. as
! they appear TO be irretrievably divided
on the question of service charges for
! accounts that do not maintain a re-
j spectacle balance
The various affiliated bodies of the
local institute will be represented by
| their respective heads. Reservations
nave been made for an attendance
of $50.
Bankers Anxious for Holiday.
The District Bankers Association.
win the support of the Washington
Clearing House Association will petl-
tlon Congress within the next few
days for a bank holiday on Saturday
December &c. it was learned this
morning.
Already both organize tons have cir
cularized their members and obtained
unanimous endorsement of such
action.
Little trouble is anticipated by the
bankers in the enactment of this leg
i,lsiation. 1t is pointed out that the
day following Christmas is always the
dullest period of the year and this
year VIII be rendered doublv so due
to the halliday banking hours peculiar
TO any Saturday. 1t is stressed that
the action is desired only for this year,
and is not intended to establish Il
precedent
Bank holidays here, other than
those provided by legal dates. are
purely the prerogative of Congress
Unsuccessful attempts to close on an
unauthorized date have been made in
the past, the latest instance being
petition TO President Coolidge on the
day Of former President Harding's
burial, which was denied
| The New York Stock Exchange, cot
ton. grain and curb markets, as well
as the local exchange, will all un-
doubtedly remain suspended, although
official action has not been taken as
I %