Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-22
IN BONDS
|. HERE ARE HEAVIER
Washington Gas Light Is Ac-
tive Again Today on
Local Exchange. =
BY EDWARD C. STONE

ny EDWARD e. STONE.
Bond trading on the Washington
Stock Exchange was by far the
heaviest today that it has been for
several months, when seven trans
actions took place in Potomac Electric
consolidated IS at 101. The sales
were in 5000, $4,000, and S25, 900
lots and totaled just $1,000 900. Buy
ers and sellers in this issue made
the session a busy affair for Mid
summer.
Washington Cas- Light stock was
also active against today, scoring a
fractional advance over yesterdays
close. The stock opened at SO, went
to 69B, to 69A and closed at S9as
Sales totaled 81 shares. Potomac
Electric preferred opened at 108 and
closed at 1854.
Georgetown Gas SIS sold at par:
Washington Railway & Electric As
came out on one sale at S2as and Cap
ital Traction IS sold at 101 on a $500
turnover.
With Metropolitan 50 Years.
j. Gales Moore, auditor Of the Ma
tional Metropolitan Bank. has been
with the institution just So years
today.
His desk was covered with flowers
and he received scores of Fluctuations
from bank officials and friends during
the day. His nearly six decades Of
service has been remarkable. He be
gan at the bottom in the banking
business and for many years has held
very responsible positions.
Mr.. Moore is enjoying good health.
The entire banking fraternity in the
city hopes he will have many years
more of service, health and happiness
New Issue Is Oversubscribed.
Crane, Paris & Co. received word
from New York today that the $685.
100000 Gatineau Power Co. first
mortgage gold bonds. priced at 81
and accrued interest to yield over $40
per cent, has been very largely over
subscribed. 1t is considered interest
ing that such a large issue should be
so quickly taken and indicates there
is plenty Of money in the country.
awaiting for new investment oppor-
tunities.
Land Bank Issue Announced.
A new issue of S1.500,000 Lincoln
Joint Stock Land Bank Of Lincoln,
Nebr., AZ, per cent farm loan bonds.
due July I, 1866. is being offered TO-
day at 10l1a and interest, to yield
4.31 per cent to the optional date,
July /, 1886. and $50 per cent there
after, by the First National Corpora
ton of Boston. the Equitable Trust
Co, of New York, Old Colony Cor
poration, First Trust and Savings
Bank of Chicago. Central Trust. Co.
of Illinois. Chicago, and Brooke,
Stokes & Co. of Philadelphia.
Half Years Realty Financing.
Compilations by S. w. Straus & Co.
show total of S419, $1,000 real
estate bond issues underwritten in the
United States during the first half
of the present year, the distribution
by months being as follows: January.
SSS,082,0 900; February. s50,946,5o0:
March, $50 Az, 500; April, s59,S31, 500;
May. SOS, 0S7 500; June. s94,600,0o0.
The Number Of issues was ass.
Railroad Earnings Grow.
Surplus of the Western Maryland
for the first half Of 1926 was $1,1I5,-
140, equal to $6.2S a share on the
cumulative first preferred stock,
against $597,734, or 1886 a share. in
the first half of 1925.
Southern Railways gross operating
revenues for the first six months are
estimated to be about SIS 900. 600 ahead
of the same period last year, totaling
SIC 600 900 and establishing a new
high record. ct income for the half
year is expected to approximate $15,-
700 900, against $14 1856, 900.
Dillon, Read G. Co.. have prepared
special analysis of the Seaboard Air
Line Railway which shows that the
first and consolidated mortgage bonds
are substantially equal to the refund
ing mortgage bonds and rank close
to the first mortgage bonds in invest
ment value.
Personal Mention.
Charles c. Glover, chairman of the
board of directors of the Riggs Ma
tional Bank, is passing several weeks
at his Summer home at York Harbor.
Me. Mr. Glover has spent many Sum.
mers at York Harbor and is one OF
the best known visitors at the beauti-
full shore resort.
A. M. Neyius, vice president OF the
Riggs Bank. is also away on his an
nual vacation, as are several other
officials of the same institution.
Charles j. Bell, president of the
American Security and Trust Co,
left here yesterday afternoon for
Maine, where he will spend the first
part of his vacation. He will then go
on to Quebec. He expects to spend
much time in hunting and fishing and
September.
Corcoran Thorn, vice president of
the American Security and Trust Co,
has returned to his desk at the bank
after spending a month at his Sum-
mer home in New Hampshire.
Rolfe E. Boiling, vice president of
the Merchants Bank and Trust Co.
is passing his vacation at his old
home at Abingdon, Va. This Is also
his wife's native city, so they are both
seeing a host of old friends.
E. ]. Stellwagen, president OF the
Union Trust Co., is thoroughly enjoy
ing his thirty-first season at the Po-
land Spring House, Poland Spring.
Me. On account of the heat in Wash
ington it is specially interesting to
note that when Mr.. Stellwagen ar
rived there he had a fire in the fire
place in his hotel suite several eye