Evening star., 1925-09-22
LOCAL SECURITIES
HOLD HIGH LEVELS
American Security and Trust
Leads With 5.Point Gain.
Other Notes.

Under the leadership of bank shares
the Washington Stock Exchange to-
day enjoyed firm session.
American Security and Trust Com
pany stock. which YESTERDAY startled
the exchange by a 3O-point rise, con
tinued the advance this morning, scor-
ing an additional gain of } points. to
3S5. on an exchange Of 10 shares. This
action eliminates sensa tional ad-
vance, the issue selling at 325 only
month or so ago.
Riggs National Bank stock also was
very strong, the ma jority of today's
selling being at 40, the new peak on
the present capitalization. After %
shares changed hands at this figure
the issue eased off to 40912 on the re-
manning sale of 10 shares.
Washington Market Co. stock. which
only frequently appears in the sale
column, was strong a SO on a sale of
20 shares, as was Capital Traction. a
99A, still selling ex-dividend ia per
cent. Washington Railway and Elec-
trio common was quiet at 1852 as was
the preferred at Sc and fractionally
higher.
Bonds were strong, but quiet.
Matters Before l. c. c.
The Southern Pacific Railway Co.
state Commerce Commission TO pur-
chase the Holton Interurban n Railroad
in Imperial County, Calf. for 1925 900
in bonds.
The Kansas City Southern Railroad
also asked permission to absorb the
Kansas City and Ora ndview Railway
Co. which is constructing 5 miles Of
line in Jackson County. Mo.
The commission today announced it's
n
per cent refunding mortgage bonds by
the Wheeling and Lake Erie Railroad.
Local Bankers Return.
Today marked the return of two To-
cal bankers to active participation in
Washington financial affairs. George
a. Harris, president of the Potomac
Joint Stock Land Bank, returned from
a two-week vacation at Colorado
Springs and other Western points.
while A. c. Waller. vice president OF
the international Bank. was at his
desk after a six-week sojourn in Eng
land and France.
Gains i'm Life Insurance.
A record gain of 81 per cent over
the corresponding month of last year
was made by sales of ordinary life
insurance in August. according to fig
ures just issued by the Life Insurance
Sales Research Bureau. The total vol
ume of business sold by the 81 report
ing companies in August, this year,
was s646, AGA, 900. These companies
have IS per cent of the total business
in the country.
Every section of the country and
every State except Oklahoma shared
in the general gain. The lowest gain
made in any Of the nine geographical
sections of the country. was - per
cent in the West South Central States:
the greatest gain was 33 per cent.
which was shown by both the Middle
Atlantic and the West North Contra
States. The gain over last August iS
due in large part to better general
business conditions this year. In An
gust. 1924, business was slower than in
any other month in the year. and life
insurance sales fell off sharply.
The figures for the first eight
months of 1925 show an average gain
of Is per cent over sales in the same
period of 1924. Every section has
shared in this gain as we'll as in the
gain for the month of August. The
leading sections are the Middle AT
lantic and the West North Central
States.