Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-03-22
GAS LIGHT STOCK
IN HEAVY DEMAND
Sells at New High Mark on
Exchange as 449 Shares
Change Hands Today.
BY EDWARD C. STONE.

-Four nundred ana IOrty-HlHe SIldleS
of Washington Gas Light stock
changed hands on the Washington
Stock Exchange today, reaching
new high mark for the year. and play
ing the leading part in one of the
busiest trading sessions on the local
board in many months.
The stock opened at 70 and then ad.
vanced on a 50-sharc turnover to 1873.
1t climbed to " and on the next sale
OF Ga shares registered 1875. 1t turned
upward again. passed 1919. six trans
actions. totaiing 25O shares selling at
735h Later in the session 40 more
shares sold at the new high of 1874.
Capital Traction. selling ex-dividend.
came out at 106 on a 30-share turnover
and closed with a 55-share sale at
1857 Potomac Electric preferred reg
istered 10815 Lanston Monotype pre-
denly came to the front with sales
totaling 100 shares. One sale touched
105 and the stock closed at 947s. Peo-
pies Drug was strong at 1887.
Bonds were also active. Washing
ton Gas 6s, series A, sold at 104H
while the series B 6s opened at 1854
and closed at l05. Georgetown Gas SIS
We're 1908. Washington Railway &
Electric As sold at IS.
Liberty Bond Conversions Heavy.
The Treasury expects total ex-
changes of second liberty Az per
cent converted bonds for the new 312
per cent notes will approach $780,
900 900 when the subscription books
close tonight. With more than $1,000
900 900 retired of the $4,000, 100000 of
AN per cent seconds outstanding when
the funding offer was made, the
Treasury anticipates no difficulty in.
handling the remainder of the issue
when it becomes callable in Novem-
Der.
Collateral Trust Bonds Offered.
Stein Bros. G. Boyce, investment
bankers, are offering 100000 issue
by the Federal Security & Mortgage
Co. of this city of 6R per cent col
lateral trust gold bonds. series VA.
The bonds are callable at the option
of the company at 102 and accrued
interest up to three years and there
after at 1O1 and accrued interest They
carry maturities from two to 10 years
and are priced to yield 612, Ga and
per cent, according to the maturing
dates. The District National Bank
is acting as trustee.
WOmen's Committee Appointed.
Lanier Z. McLachlen, general chair
man of the District Bankers Associa
ton June convention committee. has
requested the following women to
serve on the ladies' committee:
Mrs. Howard Moran, chairman; Mrs.
w. w. Spaid, vice chairman; Mrs.
Robert v. Fleming, Mrs. Wilmer ).
Waller, Mrs. A. S. Galley, Mrs. L. p.
McLachlen, Mrs. George o. Vass,
Mrs. f. j. McQuade. Mrs. L. A.
Slaughter, Mrs. L. z. Schreiner, Mrs.
f. p. H. Siddons and Mrs. c. Fl. Pope.
Last year a similar committee
planned several very pleasing social
events which took place as special
afternoon attractions.
Maurice Otterback i'm South.
President Maurice Otterback of the
Anacostia Bank is passing two weeks
at st. Petersburg, Fla, resting and
recuperating from a recent illness.
postal card says that he already feels
much refreshed. Printed in the upper
ft.hand corner of the card was the
statement that IA years ago a st.
Petersburg paper offered to give away
it's issue any day the sun did not
shine. During the IA years just rs
free issues have been required, a
highly interesting record.
Gets New Insurance Position.
John NJ Cherry, for IA years en-
gagged in the insurance business in
this city, has been appointed general
agent for this territory of the Inter-
national Life Insurance Co. of ST.
Louis and will open offices at once
in the Investment Building. For
seven years he was general agent of
the Connecticut Mutual and prior to
that time was with the State Mutual
of Massachusetts, in the same capacity
for seven years.
Other Financial Notes.
Local automobile dealers were much
interested today in the report from
Detroit that from 500 to $500 reduc-
tions have been made in the price Of
Lincoln cars. The announcement
stated that there would be no reduc-
lions on Ford cars, trucks or tractors.
Surplus of Schultz Retail Stores for
1926 was S5,656,292, equal to s5.O6 a
share on the no par common stock,
against $5.237.264 in 1925. or $4.69 a
share.
Stephen l. Miller. educational direc-
tor of the American Institute Of
Banking. who is widely known among
the officers and students Of Washing
ton Chapter. has just been conferred
an honorary degree by the University
of Southern California. Dean Miller
holds much the same position as that
of a college president and is a recog-
niZed leader in banking education.
The rs charter members of the
newly organized Washington Bank
Women's Club will have a dinner
street northwest, tomorrow evening