Evening star., 1927-12-02
BONDS ARE ACTIVE
ON EXCHANGE HERE
Washington Gas, Series A Is
sue, Market Leader-Pepco
FfassNasgas s ss
Preferred Strong.
BY EDWARD C. STONE.

BI EDN AkD L. STONE.
Bonds demanded much of the atten
tons on the Washington Stock Eek
change again today.
The market opened with 81 1000 Wash
tngton Gas Series A bond selling at tn,
hishmark of 1864, followed by $4,000
$4,000 and 50 1000 transfers in the same
issue at 1864, Washington Railway s
Fiectric As sold at 90M, Barber 4
Ross 6hs at SO and Washington Mar
ket Go. SIS at 81.
There was a $4,000 and a $1,o0'
transfer in Wardman Park Hotel 51a:
at 961s A 81 900 sale in Potomac Elec
trio Consolidated 5s took place a
le3n and Capital Traction 5s came ou
at. 1041a.
Capital Traction stock sold today a
109%. Potomac Electric Power 512 pei
cent preferred was strong at 100 u
and 18 shares of Washington Rail
way & Electric preferred moved al
par. The only bank stock out was
Merchants Bank & Trust Co., IL
shares selling at 154.
Two 25-share lots of Barber & Ross
common sold at 35. and the days trad
ing ended with three small sales In
Columbia Sand & Gravel preferred al
1O31k. Right now Mergenthaler Limo
type is the only stock on the list be
ing quoted ex-dividend.
Further Drop i'm Rediscounts.
Rejecting a continued seasonal re-
duction in the demands for reserve
bank credit in the local Fifth district,
the Richmond Banks statement of
November 80 showed further decline
in rediscounts of S2,117,000, bringing
the figure down to an unusually low
level at $1S.953 900. Bills bought in
the open market remained high at
S5O,026, 900. but changed slightly from
the previous week.
In spite of the approach of the
holiday buying season, note circulation
was 900 lower at $76,47S, 900.
The reserve ratio varied but little from
the week before, standing at 50.9S,
compared with 50.61 per cent. The
systems ratio was 71.2 per cent
EiveIy Tornado Insurance Demand.
Insurance men in Washington re-
port lively demand for tornado in
surance since the recent blow caused
so much havoc in some sections of the
city.
The story was going the rounds to-
day that one man went into an Of
fite and asked for some fire insurance.
He was told that since he had recent
lvscollected on two fires the company
did not care to risk another policy
on his property.
stWhy don't you take out some tor
nafio insurance." asked one of the
agents.
II believe 1 WILL" he replied. Then
with puzzled look on his face he in
uuired: "But how do you start tor
nado?'
: Theater Boxes i'm Demand.
The institute theater party next
Monday evening at the National, when
Earl Carroll's "Vanities" will be the
attraction, is now expected to draw
packed house made up of many of the
leading bankers of the city and their
friends. Among those who have taken
boxes for the party are Frank p.
Morse, manager of J. & w. Seligman
& Co; Robert v. Fleming. president
Riggs National Bank; Francis G. Ad-
Olson. jr., vice president Security say.
ines & Commercial. and Maurice y:
Rosenberg, president of the Bank OF
Commerce. & savings. While the
tickets are being sold at the banks
the theater box office is also handling
them SO that there will be many
washingtonians aside from the bank
int. fraternity in the audience.
There is great rivalry among the
fnstit,1te consuls to see who will dis
nose of the most tickets and win the
rewards. which are to be made in gold.
The arrangements are being made by
III. Roberts. chapter president, ana
the theater party committee COM
man: Eleanor l.. Dankmeyer, j. L.
Fletchall, Charles B. Hagan. John r.
Keener, H. F. Kimball. Raymond P.
J,ochte, Helen MacGillivray, Leo j.
Moran. Lincoln H. Phillips. Joseph M.
Reilly, Rose Royce. M. F. Showalter,
Edwin C. Steffe, Thomas c. Talbert.
a.. M. Van Hoesen and Robert G.
Whitten.
Savings Bank Has Big Club.
The Northeast Savings Bank sent
out Christmas savings checks yester-
day to the largest number Of members
the club ever had. This years de-
posits were S199,000. divided among
4.300 members. The bank now is
starting its 1928 club, and hopes to
make a still better record.
Great interest is being manifested
in the opening of the 1928 clubs all
over the city. The windows were kept
busy yesterday in starting the new
books. Thousands of people have
found that this is the surest way to
have ample funds when they most
want money during the holiday sea-
son.
Heard in Financial District.
John NJ. Riordon. vice president of
the Bank of Commerce & Savings,
wfll talk over the radio at $50 Satur-
dag evening from Station WMAL.
Mr.. Riordon will discuss the timely
subject of Christmas Savings"
E, The Bureau of Internal Revenue re-
Gently reported that the income in
1925 of the 1T 900 900 persons in the
United States totaled 90.000, 900, 900, a
gain of 43 per cent since 1921. Insur.
auce men have done some similar fig
uring and now report that life insur-
ance in force has increased II per
cent in the same period.
&C. & p. Investment SIS 5,O86, ,727.
The Chesapeake & Potomac Tele-
phone Co. has invested in the District
of. Columbia in plants and equipment
the sum Of $25, ,086,727. according to
Charles T. Clagett. general CONNER
cial superintendent.
Outside plant facilities and central
Office equipment added to the system
of the c. & p. Co. in Washington dur
ing the first 10 months Of 1927 amount
ed to $2,569.676.
The Bell System as a whole has ex-
pended over $4,000, 100000 for tele.
phone plant and equipment since the
Invention of the telephone in 1876.
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