Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-07
CONNER IAL NATIONAL ISSUE
OVERSUBSCRIpTION IS LIKELY
$425,OOO of $5OO,OOO Offering Already
Taken-Directors of Washington Gas
Light CO. Reelected Today.

ceived. The stock is offered the pub
is being made to distribute the stock
just as widely as possible.
This plan means that all the small
err subscribers will be taken care of
and that only those asking for large
blocks will not get the full amount
In case of oversubscription, which
now appears probable. It was stated
today that an unexpectedly large num-
Der of small subscriptions had been
received. The stock is offered at 500
per share and has installment privi-
leges.
Gas Company Directors Elected.
At the annual meeting of the stock
holders Of the Washington Gas Light
Co. held today, Ord Preston, Robert
d. Weaver, Joseph Letter, James M.
Green, Guy +. Whiting, William
King and Charles c.. Glover, jr., were
reelected directors to serve for the
ensuing year. The board will meet
for the election of the officers Of the
company.
DOLLARS and Sense" Out Today.
Dollars and Sense" published by
Washington Chapter. American Insti-
tute of Banking, came out today. 1t
is the silver jubilee number. is the
largest and one of the best ever print
ed. Aubrey O. Dooley is the editor.
The cover has picture of Washing
ton, as it is so near the anniversary
date, and has very clever design in
connection with the chapters ami
versary.
Secretary of War Davis contributes
the first article on Industrial War
Planning" Greetings on the occasion
of the silver anniversary appear from
Vice President Dawes, Gov. D. r.
Crissinger of the Federal Reserve
Board, Controller J. w. Mcintosh,
Melvin A. Traylor, president Ameri-
| can Bankers Association; Howard
Moran, president of the District Bank
| ers' Association; Paul Detwiler, presi-
| dent A. /. b.; Stephen /. Miller, edu-
| cational director, A. I. B., and Richard
| w. Hill, secretary A. I. b.
| Aubrey 0. Dooley contributes a most
| interesting article on the 25 years his
| tory of Washington Chapter. This
| includes q list of the charter members
| and the chapter presidents and the
| dates when they were in office. w.
| F. d. Heron, now assistant treasurer
of the Union Trust Co., was the first
anu tIlc tlISL meeting was
| held in the rooms of the Washington
| Stock Exchange when they were in
| the Y. w. c. A. Building, on f street.
which has since been torn down. A
| message from President r. Hunton
! Leith and notes by the secretary,
| Winifred Burwell, add much to the
number.
Trading Light on Exchange.
Trading was light on the Wash
| ington Stock Exchange today, prices
| maintaining a steady tone.
Fifteen shares of Federal Ameri-
| can National Bank stock changed
| hands at PA, one point under the
| closing price last week Ten shares
| of Riggs National moved at 472.
| slightly under the last sale at 4741a.
| The only other bank stock appearing
on the board was Commercial National
which came out at 235, the same as
| the last previous quotation. One
| utility stock also was traded in.
| Potomac Power Preferred, which
| registered 1925.
Washington Gas IS sold at 1O01z,
| while Georgetown Gas 5s figured in
| one $500 transfer at SO.
Heard in Financial District.
| Present plans indicate that at least
| $50 bankers will attend the coming
| conference here of the savings bank
| division of the American Bankers As
| ISOLATION. This means that with their
relatives and local bankers there will be
something like 1900 people who will
| wish to attend the convention banquet.
| Washington bankers are soon to be
asked to help Philadelphia secure the
| 1928 A. B. A. national convention.
The Philadelphia chapter of the bank
ing institute has already started a
move to obtain that convention in 1928.
1t is reported today that the l. c. c.
| rules covering free and open compe-
tition between railroads may prevent
the Baltimore and Ohio from taking
over the Western Maryland, even if
the road really wishes to do So
The large addition to the Washing.
ton Loan and Trust Co.'S building at
| Ninth and Il streets is progressing
| with unusual rapidity.