Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-20
FOUR LOCAL BOND
ISSUES HIT PEAKS
Woodward & Lothrop Only
Stock to Reach Top.
Trading S Heavy.
BY EDWARD &. STONE.

sold on the stock exchange today a
new 1927 peaks. Trading on the ex
change was heavy.
Potomac Electric Power IS opened
with a $1,000 sale at 1883, up one
quarter point from the best previous
price. The bonds closed with a $4,000
1ale at 10S3s. Washington Gas 6s
Neries IS. in Il $24.500 turnover, also
scored fractional gain. closing al
l07l2. Washington Railway & Elec'
tlic As got into the limelight by selling
M 80, after being around 80 for most
of the year, while Chestnut Farms
Dairy 6lss followed up yesterday S
rise and reached JOG for the first
time.
One stock also broke through its
best previous mark, Woodward &
I.othrop hitting l09. Other stocks
we're also strong. Capital Traction
moving at 1895. Potomac Electric =
per cent preferred selling at 112lS
and the 5l2 per cent at 1914 u. Rail
way & Electric brought 1909. Sand n
Gravel 1861, while Lanston Mono
type closed at 10 after a 70-share
turnover.
Peoples Drug Stores came out at
1o1, $50 shares of National Mortgage
~ Investment preferred sold at SIS /,
type changed hands at 10412. Com
mercial National Bank stock sold up
10 27O, and National Capital Bank APP
peared on the board for the first time
in many months when one share sold
Ill 275
King HOnOrS Riggs Bank Head.
Robert V. Fleming. president of
the Riggs National Bank, has been
decorated by the King of Italy, the
distinguished order Commander of
the Crown of italy having been con-
ferred upon him The decoration
insignia was presented late yester-
day by Amba sSador Mobile GiacOmO
lie MARITIME, at the bank. In making
the presentation the Ambassador
said:
1T gives me great pleasure to in
form you that His Majesty the King
Of Italy has graciously conferred
upon you the degree of Commander
of the Crown of Italy. in apprecia-
ton of your sincere friendly feelings
and interest toward the Italian
people,
Mr.. Fleming accepted the honor
in most modest way. 1t came as a
complete surprise to him, although
he treasures highly the gift and the
confer such a mark of respect.
Dollars and Sense Appears.
One of the best numbers of the year
of Dollars and Sense, the official publ
cation of Washington Chapter, Amer
lean Institute of Banking. was being
distributed today. Among the spe-
cial contributors are Postmaster Gen.
eral Harry S. New, who writes on
The Postal Savings System" and
United States Senator Reed Smoot,
who takes up Taxation and Debts"
There is an interesting sketch of
Harold Stonier, the new A. 1. B. edu-
cational director, who recently sue
ceeded Stephen I. Miller. The presi-
dent, I. ]. Roberts, reports that plans
are being made for the next forum
dinner and declares that the annual
banquet at the Willard on February
Is will be the best ever"
All the institute departments are
represented with news and comment.
Special mention is made of the class
in public speaking being conducted by
Prof. Charles S. Richardson of Uni
versity of Maryland.
Bankers Aid Asked i'm Murder Case.
The District of Columbia Bankers
Association has received an appeal for
assistance in connection with the Los
Angeles murder case. The $500 in
gold notes of $40 denomination given
10 the murderer of the daughter of
Assistant Cashier Perry NJ. Parker of
the First National Trust & Savings
Bank were marked Serial X 6SO19O1
TO u.s." inclusive.
The Los Angeles bank urges police,
bank tellers, oil station employees,
stores and all other business places to
be on the lookout for these notes. The
reward for the capture of the MUIR
derer now stands in the neighborhood
of 100000.
Bank Women Have Christmas Tree.
The members of the Washington
Bank Women's Club had their annual
Christmas tree and dinner last eve-
ming At the Huguenot. The members
had modest reminders of the occasion,
but saved the usual money spent for
gifts to help some extra needy cases
which have come to their attention
They decided to bring joy to several
unfortunate families and omit elabo-
rate gifts among themselves. The af-
fair was a brilliant success. Those
present included:
Miss Lois A. White, Federal-Ameri-
ran Bank, president of the club; Miss
Mary Jane Winfree. Continental Trust,
vice president: Miss Catherine M.
krieg. Riggs National, recording sec.
rotary; Miss Esther Lau, correspond
ing secretary; Miss S. Winifred Bur-
we'll, National Metropolitan. treasurer;
Miss Grace NJ. Bromley, Miss Eleanor
Dankmeyer. Miss S. Louise Mitchell.
Miss Mabel V. Royce, Miss Mildred
Woodcock, all of the board of direc-
tors, and the following members:
Misses NJ. Leona Anthony, Harriet
Barrett, Elizabeth Billiard, Mary Cra-
ven. Anne Crawford, Ellen c. Craw-
ford. Helen X. Delaney. Loretta A.
Ennis. Mrs. Judith Fishburn, the
Misses Evelyn Hawkins, Clara Nc
GUath, Virginia Gee Marks. Lillian
Mitchell, Frances f. Orrison. Mrs.
Helene d. Reed. the Misses Theoria
Roberts. Rose Boyce, Laila M. Sloat,
Wright, Eleanor II. Watkins, Mrs
Lule p. Cary, the Misses Harriet L.
Potter and Marjorie Tucker.
Stock Being Offered Locally.
Stroud, Kurtz & Co. and Eastman,
Dillon & Co. this morning offered To-
caIly 10000 shares of Philadelphia
Dairy Products Co. Inc. ~ per cent
prior preferred stock, at 90, to yield
per cent.
The company has recently complet-
cd arrangements TO acquire the bust
ness and assets of several other Penn
sylvania and New Jersey companies
JIM the same line of business. The stock
is being sold at this time to take care
Of the program of expansion.
Other Financial Notes.
Negotiations are today reported to
8. L. soil f4sa fifaf M
the Fox Film Corporation and the Fox
Theater Corporation.
The Pennsylvania Railroad is plan
ming to expend between 100000
and S12.00O.O 900 on new baggage and
passenger cars.
NJ r. Kynaston, senior member of
the firm by that name, is attending