Evening star., 1925-01-12
TRADING IS LIVELY
IN LOCAL STOCKS
Week Starts Off With Strong
Prices at High Levels.
Other News.
BY CHAS. p. SHAEFFER.

Washington Stock Exchange Issues
were traded in at strong prices and
high levels this morning.
Leading the list was stock OF the
Lanston Monotype Machine Company
which advanced frsctionally 10 7sA on
sales Of 30 shares. Capital Traction also
sold at its recent high, 50, an add lot
changing hands at this figure. Wash
ington Gas was firm at 53% and "a
the trend being upward, while Ma
tiohal Mortgage and Investment pre-
ferred was active to the extent OF
80 shares at ga. American Security
and Trust Company opened at 307.
establishing new high by q full
point; but subsequently eased Off to
306J2.
Bonds also. were firm. Capital
Traction 5s sold half a point under.
par, while Potomac Electric consoli-
dated IS brought 9S1s and $3.50 Rail
way general and refunding 6s Of 1872
sold sat 997s
Insurance Plan Adopted.
The Chapin-Sacks Corporation has
contracted with the Missouri State
Life Insurance Co. providing each
member Of the corporation with
a certificate Of life and total disa-
According to the contract. each en-
ploye who has served six months OF
ilonger. will be given a policy in the
amount Of $500; as his length of
service. increases the insurance will
ircresse pruportionately. until 81
reaches the maximum OF $1,000. Ap-
proSfmately ESQ employees are covered
by the policies.
Tho contract is so arranged with
the insurance company that should
the employe leave the company he
will be able to carry his insurance
by making 2 payment of the pre-
MUM direct to the, insurance com
pany, and no medical examination
will be required.
The service of the insurance com
pany includes the distribution OF cir
cular matter and pamphlets which
will enable the employe to keep him
self IN better physical condition.
These pamphlets are written By doc
tors and physical culture men OF ma
tional eputation.
All employees of the 81 plants Or
the corporation will be covered b.
the plan
Directors Of the District Title In
surance Co, Washington Title and
| Insurance Co. and the Lawyers Title
and Insurance Co. will be elected this
afternoon for the ensuing year. No
changes from the existing rosters
are anticipated.
Program at Institute.
Regularly scheduled speakers will
be heard by the local chapter, Amer
lean institute of Banking, this week.
Tonight F, J. Donohue will lecture
before the standard banking class.
with Joseph K. Mover addressing the
accounting class tomorrow. On We'd
nesday night r. B. Dickey will con
duct the commercial law class ex-
animation as prescribed by the ma
tional headquarters of the institute.
The following night Eliot II.
Thomson will address the banking
fundamentals c ass, coincidentally
with the public speaking class which
will meet at the Washington Stock
Exchange rooms. On Friday night
F. J. Donohue will lecture before the
standard economies class and r. Cor
don Finney will hear the credits
class
The annual banquet OF the local
chapter will be he at the willard
the night of February 81. Commit
tee heads in charge of the affair in
,cude Victor r. Deyber, reception and
advisory; menu, Eliot H. Thomson:
entertainment, F. p. H. Siddons; pub
licity. Miss Florence NJ. Willer; deco
rations, Miss Lois A. White, and
seating, F. H. Cox.
r. Jesse CLANCY is chairman OF
the banquet committee.
Although reporting the largest
years business in it's history for the
year 1924. the American Surety Com
pany's analysis of net claims incur
red shows big increases over the pre-
vious year in the fidelity bond, bur
glary and forgery insurance depart
ment However, the official bond side
of the business and the court and de-
pository bond department in claims
incurred compared to the previous
year have shown contrasting reduc-
tions.
In speaking of the years showing,
the company's president cites an in
crease in business of his company in
almost every department during 1924,
thereby establishing another high
record for all time. Claims incurred
were high, however, and resulted in
increased loss ratios in several di-
visions Of the business.
The most favorable factors were
reductions in the amounts of claims
incurred in those bonds written for
public officials, court bonds and de-
pository bonds This last class show
ed a reduction in spite of a large
number of bank closinEs, because OF
the exceedingly high number Of fail
ures during the preceding year.
More Surplus Cars
g A seasonal decline in freight
traffic increased the number of sur
plus freight cars in good repair on
American railroads by 35,454 cars
during the week ended December 81,
when the total was 266.252.
The figures, made public today by
the American Railway Association.
listed in the surplus 108,1s9 coal cars
an increa Sc OF 1859 over the Deeem
Der % figure.