Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-03-14

ington Stock Exchange. 1t pays 80
per cent per annum The last bid on
it was 500. but there has not been a
sale for several years. One of the
best known brokers in the city said
the other day that he had never seen
a share of this stock. adding that it
was practically the only issue on the
board that he had not seen many
times. excepting. of course. those just
listed
Union Trust at New High Mark.
Stock of the Union Trust Co. sold
at 265 on the Washington Stock Elk
change today, scoring a new high
mark for the year. Ten shares of
Commercial National changed hands
at ESQ. maintaining the new high
mark reached by this bank stock
few days ago.
Capital Traction sold ex dividend,
Is shares changing hands at 1864
IIanston Monotype came out 93A,
Fedcral,American Co. common at SO,
and Washington Gas Light at 71A.
Ten shares of Washington Railway
& Electric common sold at 212, up
two points from the last sale last
week
In the bond division Washington
Railway & Electric As sold at SAY
and Washing on Gas IS at 1904.
New Treasury Issues Allotted.
Secretary Mellon announces that
the total amount of subscriptions re-
ceived for the two issues of Treasury
certificates of Indebtedness, series
TS2-1927, 3B per cent, dated March
Is, 1927, maturing September Is. 1927,
and series TM-1928, ga per cent,
dated March Is, 1927, maturing March
Is, 1923. was 1926 ,0S2 500.
The total amount of subscriptions
allotted was $484 1885, 900, of which
S24 900 represents allotments on
subscriptions for which Treasury
notes of Series B. 1927, maturing
March Is, 1927, were rendered in pay
ment.
All of such exchange subscriptions
were allotted SO per cent.
Investment Offices Opened.
Arthur Foraker, manager of the
Washington office of Eastman, Dillon
Co., and the members of his staff
were receiving hearty congratulations
today on the opening of their new
quarters in the wilkins Building, at
1912 II street northwest. AS already
noted. the ground floor has been com.
pletely overhauled, deliberately fur
nlshed and equipped in order to fur
nish the firms customers with every
convenience and service in dealing in
New York stocks, bonds and other in.
vestment issues. Scores of local
brokers, bankers and other business
men inspected the offices.
National Thrift Growing Rapidly.
Evidence of rapid growth of thrift
among the people of the United
States is found by the National In
dustrlal Conference Board, in the
fact that savings have been increas-
ing at much faster rate than in
comes. New annual savings, as rep
resented by savings deposits in
banks, by payments to building and
loan associations and by life insur-
ance premiums paid. according to the
conference boards analysis in 1926
| were nearly five times as great per
| capita as they had been in 1914, hav-
| Ing increased from 1871 per capita
In 1914 to about $33 per capita in
1876. an increase of about 800 per cent
Insurance Luncheon Tomorrow.
The members of the District OF
| Columbia Life Underwriters Assoc
| citation expect a large attendance al
the March meeting which takes place
| tomorrow noon at the Raleigh The
| speaker Is to be NJ. Albert Linton
| vice president of the Provident
| Mutual of Philadelphia. George B
| Farquhar will preside, and 16 appli-
| cations for membership will be voted
| upon.
| Other Financial Notes
j. A. w. Iglehart & Co. will offer
| tomorrow new issue of $500, 0O(
Security Bond Mortgage Co. first
| mortgage per cent collateral trust
| gold bonds, series G. They are priced
| at par and accrued interest to WELD
| per cent.
Net income of the Pennsylvania in
| 1926 established a new record as tC
| amount, estimated at around ID per
| cent, or 81 per share. the best ratio
| or earnings to outstanding stock
| shown during the past 35 years
| While this does not show q high
return on property values, it covers
| present dividend requirements almost
| twice over.
| Banker Returns to Desk.
Charles j. Bell, president of the
| American Security & Trust Co, ha:
| eturned from his Southern trip ant
was back at his desk today. He also
attended the regular session of the
| washington Stock Exchange where he
! was most cordially greeted by hi.
many friends.