Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-14

Bonds were firm. Caplldl Alacton
Is registered 102. Series A Gas bonus,
1913: Series 3, 104. washington Gas
SIS sold at 1O1%. Capltai I.a1'loi
and Mereenthaler are being quoted eX-
dividend.
Bank Adopts Building Plans.
The directors of the Farmers & Me-
chanics' National Bank in Georgetown
have adopted the plans for the new
branch bank to be erected at Tenley-
town in the near future. Inc specl-
fications call for most attractive
building and one that will be large
enough to provide for the business
growth of that section of the city FOR
several years. The building is to
front on Wisconsin avenue, and every
effort will be made to have 1t mar
monte with the surroundings. Presi'
dent Harry V. Haynes states that the
contract will be awarded soon.
Assistant Auditor at Riggs.
Robert e. Haycock has been adj
yanced to assistant auditor in the
Riggs National Bank, this action hav.
ing been taken by the board of oil.
rectors late yesterday afternoon. Mr..
Haycock has been with the bank for.
several years in the auditing depart
ment. He is the son Of Robert l..
Haycock, assistant superintendent or
schools, and graduated from Mckinley
Manual Training School in 1915. The
young man is a fine athlete, and as
result of his efforts to promote sports
among bank employees has been presl-
dent Of the Bankers Base Ball League
and the Duckpin League.
Usual ~ Per Cent Dividend Voted.
The board of directors Of the United
States Savings Bank at their
monthly meeting ordered the payment
of the usual quarterly dividend of 712
per cent, payable June 80.
The United States Savings Bank
now has a capital of 100000, sur
plus of $150,000, undivided profits of
about 100000 and total resources Of
nearly $3,0O0,000.
Wade II. Cooper is president of the
institution and the other officers in
clude William D. Barry and Wilbur
H. Zepp, vice presidents; William r.
De Lashmutt, vice president and
cashier, and John F. Cook, assistant
cashier.
Treasury AlIOts New Bonds.
The total amount of cash subscrip-
tons received for the new 33s per
cent Treasury bonds of 194347 dated
June Is, 1927, was announced last
night by Secretary Mellon to be $617.-
604,SOO, of which $249. 59s,300 was al
lotted.
No official announcement has been
forthcoming as yet as to the ex-
changes for second Liberty bonds
which have been called for Novem-
Der Is.
Insurance Officers Promoted.
Frank S. Kiner, assistant manager
and cashier of the Washington Real
Estate Loan Agency of the Massachu-
sets Mutual Life Insurance Co., has
been promoted to the position of man.
ager in the mortgage loan depart
ment of that company and transfer
red to Louisville. Ky.
Mr.. Kiner is a graduate of George
Washington University and a member
of the District bar. The agency to
which he goes embraces all of Ken
lucky, southern Ohio and eastern Ten
nessee.
Mr.. Kiner will be succeeded here
by Louis +. Turner, graduate Of
Georgetown University and a resident
of Washington.
Shubert Debentures Called I'm.
The Shubert Theater Corporation
has called all its outstanding 10-year
per cent debentures for redemption
on July Is at 1929 and interest.
In connection with a program of
adding to the theater circuit and real
estate holdings of the corporation,
new financing in the form of $780,
900 issue of 6 per cent debentures has
been arranged by a banking group
headed by J. and w. Seligmen & Co.
The new financing will provide funds
for retiring the above issue. for ex-
panding the circuit and acquiring ad.
ditional real estate.
Bond Issue Comes Out Tomorrow.
morrow a new issue of 100000 Sc
curity Bond & Mortgage Co. first mort.
gage per cent collateral trust gold
bonds, series H. The issue will be
dated July 1, 1927, and will mature
serially at the rate of 100000 a year
| from July /, 1928, to July !, 1882. The
| bonds will be offered in denominations
| of 81, 1000, $500 and $10O, at 100 and ac-
crued interest, to yield 6 per cent.
Telephone Refunds.
This months telephone bills are in
Guiding the first refunds by the C. & P.
| telephone company in conformity with
| the order of the Public Utilities Com
mission regarding changes in tele-
| phone rates.
The bills show the amount of the
refund to which the customer is en-.
titled and this amount is credited on
the company's books. Where the
amount exceeds the amount Of the
customers June bill the credit bal.
ance covering the difference is being
carried forward and applied to the
| July bill.