Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-07
DEALINGS QU|ETER
|. ON EXCHANGE HERE
Peter A. Drury Is Celebrating
sgd Birthday Bids Asked
on Gas Bonds.
81 EDwARD d STONE.

BY EDWARD d. STONE.
washington Gas Idght led rather
quiet trading on the Warrington
Stock Exchange today. is shares
opening at 6sN and 80 shares later
selling at 695z, on quarter Of q point
from the last sale last week. Capital
Traction came out on two sales at
|. 104M. Potomac Electric Power pre-
ferred sold at i0S and the interim
certificates at 100. There were two
odd-lot sales In washington Railway
and Electric preferred at e85k.
Railway and Electric A. sold at 81,
Capital Traction IS were out at 1908
on g. very small turnover. while the
bond trading ended with q sale Of
was q bid OF 1O1, but no sales IN
Chestnut Farm Dairy 6Ms, which
were listed on the Exchange only
last week.
Bank President Notes Birthday.
Peter A. Drury, president Of the
Merchants Bank q Trust Co. cele-
brated his SD birthday yesterday. re-
ceiying many congratulations on his
health and business prosperity Mr..
Drury was president OF the old Mer-
chants Bank, which started in busi-
ness on r street 10 years ago and
later moved to @ street. On the first
call the bank had 1895 900 In deposits
and capital of 500, 900. On the recent
June 80 call, the present bank re-
ported deposits Of &e.3T6. 64D.24, with
capital Of $1,000. 900 and surplus and
undivided profits Of t316, 000 The
trust company is only four years old
and this record Is the more interest
ing. S.
In addition to his financial afiiIiaN
tons Mr.. Drury has found time to be-
member OF many prominent local.
clubs and his Summer home at Blue /
mont u one Of the show places in that
section.
Stock Brokers Council Meets.
". w, spaid has returned to wash.
ington from New York, where he at
Ienoed 2 meeting Of the executive
councu OF the out-of.town section Of
Firms. He Is chairman of the council
and the real founder OF the oreaniza-
tion, one OF the aims Of which Is to
safeguard the interests of brokers and
their clients in the cities outside Of
kNew York. The association a CO.
operative and the first OF the kind ever
formed. The value and Importance
OF such an organization can readily be
seen when Il - considered what an
Immense amount OF business orig.
mates away from Wall Street. The
New York Stock Exchange Is In fuII
accord with the organization and Il
ready Ct any time to take mp any out
side problems that may arise. At the
council meeting Il was voted 10 hold
group meetings, the first ar which
win be held in Chicago in October.
The council has members az far West
as San Francisco.
Bids Invited on Gas Bonds.
The Georgetown Gas Co. has sent
out notices inviting bids on $3.50. goo
OF Its per cent 50-year gold bonds.
dated August !, 1911, and maturing
August I, 1861. The bids must be n
before tomorrow noon. The gas COM
pany reserves the right to reject the
bids II they are considered too low.
The bid which IL accepted must have
the approval Of the Public utilities
Commission.
Financial Letter Published.
Crane, PARIS q Co, has lust pub
lished financial letter covering the
situation in New York ana elsewhere.
It reviews the activities Of the Wash.
ington Stock Exchange dirrirlg. June,
Il StAOWnA6 ttlC LAl80 TX the l01UlnG
stocks and taking up the movements
in bonds The review also specially
mentions Mergenthaier Lir,otype.
Eanston Monotype, WASHINGTON Gas
Light and Washington Ra1lWay conn
mon stocks. The letter includes The
prices and other information concern.
ing the securities listed on the local
exchange, and in case or the bank
stocks the book values are given in
II ofdfffRF1q
yields. -
Delegates Start Tom0rrow.
Local delegates to the cor,venttor,
or the American Institute q Banirirr.
ct Dallas. Tex, win leave here to-
morrow night They have many very
Fascinating trips planned both On the
way down and on their return. Those
who viii take the trim are: willard
@. Winstead, Miss s. Winifred Bnr.
well, III. III. Darnielle and Lois a.
White Of the Federal-Amerfcan Ma
tionai Bank: "A. r.. Henze, w. 3.
HibDS q Co., "A. w. Sherman and II.
q. KimbaN, American Security and
Trust Co.; q. M. Van Hoesen. Second
National Bank Joseph ID. Yerkes.
Federal-American National Bank: II.
w Dennison. Riggs National Bank:
=. Hunton Leith, Security Savings
t.tA0 AOtl1toEuE4 0auks ana Esther ~.
Lau. Riggs National Bank.
Personal and Other Notes.
George A. Harris. director Of the
Potomac Joint Stock Land Bank. and
Mrs Harris. are spending i week at
i Hot Springs, Va Mr.. Harris wanted to
be at the Virginia resort while the
District bankers were in convention
there, but at that time he was at
tending the annual session of TIRE vir-
lginia Bankers Association ct Roanoke.
John =. Larner, president Of the
washington Loan q Trust Co, has
Ireturned from his vacation. much Of
which he passed at his farm in
Il Pennsylvania
II q; II. Pope. vice president Of the
Munsey Trust Co.. 10 taking months
vacation. most OF which he intends to
4 pass at Goshen, n. X. He Ii especial
" fond Of the golf facilities Afforded
There.
Returns from ali the washington
blanks, now being tabulated, indicate
that instead OF slight losses on the
June 80 call there will be d gain In
\ deposits Of Approximately $3.50. 900.
Additional Financing Planned.
Additional merger financing planned
by the Virginia Public Service Co,
In g program to create IN that State
il one Of the principal super.power sys-
TENS Of the South. win include an
lofferiug shortly Of per cent cumula.
tive preferred stock. The company
now owns, II has been made known,
in addition to properties originally
acquired BY merger. all Of the com
mon stock Of the Charlottesville and
Albermarle Railway Company and
moro than 81 per cent Of the common
land So Der cent Of fhh nfAfaPrad