Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-05-14
THREE NEW HIGHS
IN LOCAL STOCKS
Capital Traction Breaks
Slightly, With w. R. & {. Is
sues Quiet-0ther Notes.
BY CHAS. p. SHAEFFER.

Today's session on the Washington
Stock Exchange, which has been the
cynosure of local financial eyes this
week, was productive of several new
years highs this morning, and inter
esting despite the inertia of railway
issues and a gradual marking down
of Capital Traction.
Railway common was active only To
the extent of 10 shares at l15a.. an
easing off Of a quarter point. The pre-
ferred was firm but unchanged at
83A to 8Si2. The net gain of more
than points registered this week bv
the common stock, however, cannot
but revive rumors of the imrinenca
OF a back dividend payment, matter
or approximately 26A per cent &C
cumulatfon suffered during lean wears
just after the war. Along this line il
Is interesting, and also perplexing. to
note that directors of the company as
sert absolutely no considerat ton has
been given to this all-absorbing cues
uon. Preferred dividends amounting
to per cent per annum are not in ar.
rears.
Capital Traction broke slightly Under.
sales of 200 shares, declining a Quarter
point to 95. The selling was in small
lots.
Stock of the Union Trust Co. in
which trading is sparse, registered
a net gain of 21a points from lis
pest previous mark to 1927 on sales
OF ~ shares. Columbia Title Insur-
ance Co. gained an eighth TO 81 on
safes OF 80 shares. and % shares Of
Chaplin Sacks s per cent preferred
sold at SO and 971z. as against as
It's best former mark. Lanston Mon
otype equaled it's years high, So. on
sales Of IL shares, while Gas was
quiet at 56%
Local Bankers to Dine.
Inc District Bankers Association
VIII nold It's next meeting at the Co
luhnnia Country Club on May IS.
combining business with an informal
dinner, to be paid for at nominal
charge to each member.
W. w. Spaid, secretary Of the as
soclatlon; Lanier p. McLachlen and
=. h. Pope have been appointed
committee to arrange the details.
Bank Personnel Enlarged.
Michele Strizzi was added n the
roster of the International Excbange
BANK In the capacity of correspond
ence manager of the foreign depart
,neht. al the regular meeting of the
board this afternoon.
Mr' Strizzi comes TO the Information
al Exchange from the Veterans Bu-
reau, where, for seven years. he has
oeen special expert and principal
translator of legal documents. His
linguistic knowledge includes Italian,
french, Spanish, Portuguese, Latin.
creek and Rumanian. He Is A grad.
uate In law from the Royal University
OF Naples and also of a local institu.
ton. He is also versed in nevspape,.
work, having been, for three wears,
managing editor of the PHILADELPHIA
daily, LOpinione, as well as a staff
correspondent of the New York daily.
ii Progresso.
Would Join Association.
The Morris Plan Bank of Wash.
ington is seeking membership in the
Bankers Association of the District.
Action on its application will be taken
at the next meeting. with passage
practically assured
Bertram Chesterman, executive vice
president of the institution. should
prove valuable addition TO the local
fraternity. Mr.. Chesterman comes to
Washington from New York. where
for the last six years he has been an
oT1cial or the Industrial Finance Cor
poratfon, which has large holdings of
stock In various Morris Plan banks.
Before that time he was a State
bank examiner in Virginia. being
partly responsible for the present Vir.
ginia State Banking Department.
During the tenure of this Office he
wrote several State banking statutes
now on the Virginia books In 1917
he became national bank examiner in
New Jersey, Connecticut and in New
York City. He is a Virginian by birth.
Chapter to Elect Officers.
The Washington Chapter American
Institute of Banking. viii elect officers
tonight for the ensuing year. r. Jesse
CLANCY, T. Hunton Leith. Joseph d.
Yerkes and Garrett NJ Van Hoesen
will be made president, first and sec
ond vice president and secretary, in
the order named, as their nominations
are uncontested.
Building Permits Hold Tn.
Bradstreet's compilation of building
permits issued in April at 10 cities
throughout the country puts the total
at $406, 158,937, bringing the amount
for the first four months of 1925 to
S1,241 1882, 1875. the largest ever report
ed for that period.