Evening star., 1925-01-23
GAS LIGHT STOCK At
49 ON LOCAL BOARD
Railway Common at 100 81
al End of Session-Other
Timely Financial Notes.
By CHAs. p. sHAEFrER


The present rejuvenation in local
utility stocks, which had it's fncen-
tlon coincfdentally with the recent
oecislon of the Supreme Court In the
fotomac Electric Power revaluation
matter resulted in another new high
IN recent years on the Washington
STOCK Exchange this morning when
washington Gas Light sold at 80
IN. me issue was firm throughout, open
ing aI oS y on a sale of 10 shares.
ana Closing with a 5O-share lot at 80
me decision referred to, which was
IN Hugauon for many years, is re
Earded as establishing a preceden-
locally. Practically every ut{Iity In
the city Is asking for a reyaIuatfor
or Its properties, and the Favorable
outcome of the lighting companv's
pea Is held to augur well for the re
malaoer OF the concerns. At least
thlS is the explanation used bv
local brokers in explaining the rise
In gas.
hallway common sold to the extent
OF single share today at par. and =
nan with 1O0Ss asked as the session
cIoseo. The preferred issue sold spsr-
lnsly at 81, with 81 Z asked. Capita
traction was firm, but unchanged. a.
National Mortgage and Investment
pIeierred sold to the extent of TO-
shares at 93s. A large denomination
per cent bond Of the Wasbinsrtor,
Gas Light Company sold at 1os viii
the smaller bonds selling for 1of1A
New Line Opens Tomorrow.
The Orange Blossom Special" the
ne" train or the Seaboard Air Line.
Mhicn connects the two coasts or
+ r lorloa' and both with points IN the
Ia
run over the new 23S-mile eypans.
tomorrow afternoon The operin- ~
inc road inaugurates the first tbrourr
iraln service south Of Richmond over
inc SeaDoard's 5 own rails, without
using those of another railroad. ever
run 10 the east coast Of Florida
rive hundred invited guests Of
PRESIDENT :. Davies WarfieTd NJ +bc
Seaboard Air Line will be in tho in
augural party Included in tbese iz
Eugene l.. Thompson, president Of the
Washington Stock Exchange
Bankers Plan for Eclipse.
A food Of lights during the period
VIII be the only precaution taken bv
Washington banking institutions dur
ing the eclipse of the sun tor1orro,,-
morning. Institutions will open at
the usual hour. Likewise the Wash
ington Clearing House Association
VIII convene at the regular time. II
o clock, well after tho maximum oh
scurity.
Richmond Bank Near Top
Atlanta alone surpasses the Rich
mond Federal Reserve Bank In Fed
eral Reserve ratios. The local re-
gional institution reports a figure Of
S4.1 for the week ended January y.
while that for the Southern member
is s54
The average for the entire system
now stands at 1873, a gain Of IS
points during the last week
Prudential Bank Elects.
The official roster of the Prudential
Bank has been reelected for the en-
suing year, as follows: John Haw-
kins, president: A. NJ Curtis, Thomas
Walker and P. ". Price. vice president:
c. W. Banton. executive vice president
and secretary; f. A. Baker. cashier. ana
Joseph II. Greene, assistant cashier.
Bond Rights Granted.
The New York. New Haven and
Hartford Railroad today asked thr
Interstate Commerce Commission for
authority to issue s2S,O00,O0 OF Per
cent bonds, the proceeds to be used
in retiring a like amount OF indebt-
edness falling due April /, next.
Life Insurance Booms.
Thirty-three dollars of ordinary
life insurance per family was the rec
ord amount sold in the United States
in the month of December. This is
more than was ever before sold in
any one month. It makes the total
sales for the year over 5000 per fam
lily Companies having about IS per
cent of the business reported sales of
T44,111.000 of ordinary life insurance
in December. according to the Life
Insurance Sales Research Bureau
This is % per cent higher than De
cember, 1928. and is II per cent above
March, 1924, the previous record
month. This gain reflects the revival
which has taken place in general
business since November. 1t brings
the total 1924 sales reported to the
bureau to $7,094. .O6s, 600, or per cent
over 1923.
The remarkable gain in December
was so much more than was expected
that the bureaus preliminary esti-
mate of a gain of 6 per cent for the
year, which was the figure at the end
of November, was > points too low