Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-18
PRICES ARE STRONG
0NEXCHANGE HERE
So ksN5
SIS -
~ r. & e. Preferred Climbs
- tofNeW aTop-Lanston
! : = ! Monotype Active.
BY EDWARD c. STONE.

again active and strong, lO1 share'
changing hands at ITO.
Potomac Electric Power sly per CEN
preferred sold to the extent of 14'
shares at the high price of 107. There
was only one sale in Capital Traction
10 shares registering 109S. Wash
ington Gas moved at S4 and one share
of Union Trust Co. stock appeared or
the board at 3O1. American Security
Trust came out at 452 and closed
at $50. 4 os4 a-
National Mortgage & Investment
1 preferred checked its recent SLUMP
when 80 shares sold at bA and
more at So. During the week there
was very large turnover IN TINS
stock. .ss..-.-.
On the bond side, Capital Traction
IS moved at l04 A $4,000 Potomac
Electric first 5s changed hands al
1O1K. Two SIS 900 and $4,000 trans
action took place in Washington Gas
s6s, series B, at 107. There was
1000 transfer Washington Railway
a Electric As at 91A and another sim
liar sale at 91h, -,
In the unlisted department the BIO
price on City Club Is was lowered
from 55 to SO, and the bid on Munsey
Trust Co. came down from 100 TO lof'
The bid on Chapin-Sacks 8 per cent
preferred was raised to l$S12, Whlie
the ACQUISITION of Georgefg isler by the
washington base ball club may have
been the canse Of the bid on that STOCK
advancing from IS to 4N
Bankers Confer With In re Men,
Representatives of the dst depart,
Ynents of seven Washing "a banks neid
q round-table conference with local IN
surance experts last Fpday at the CITY
Club in order to bring Rbout closer CO
operation in the CONSERVATION OF
estates.
II was stated during the conference
that the life insurance in force In the
District of Columbia now totals around
100000, 900. 1t is said to be increas-
ing at the rate of $50, 100000 year.
:, Those present at the meeting were
told that rs per cent of the estates
being left by deceased persons is In h1e
insurance and that oftentimes large
! sums are soon lost because Oh poor
Encouragement $50.
pittsburgh and Boston showing the
hearty cooperation eNsting between
the banks and the life insurance I'M
derwriters. Many of the banking IN
situations conduct schools in order tndt
the life underwriters may know more
of the functions of the trust depart
ments. 50
The local bankers were asked at the
meeting to form an association OF
banks which make feature OF trust
service in order that they may nave
A committee which will meet regular
ly with the insurance men, 1t is real
lied that only men with knowledge
of wills and trusts should represent
either the banks or the insurance IN
terests.
Company to Write Fire Insurance.
The Great National Insurance Co.
of this city will enter the fire lnsur-
ance field on January 1. according TO
plans announced yesterday by joseph
4 Rurkart. president. Spencer r.
B curry. vice president and general man,
ager. has been instructed TO make All
ara ngernents for the underwriting Oh
fire risks in the District UP 70 lIlls
time, the concern, which was organ
lied more than year ago largely
with local capital. has confined its
efforts % automobile insurance.
Members OF the advisory board ano
finance committee include Maj. ten.
Kenzie Walker, Col. M G. Buckley, G.
'Wytns Cooke, Miss Katherine X. PIKE
Marshall Fl Zeigler, Col. Frank Wnts'
Col. e. ". Bookmiller. U. 8. Al CaPs'
Gecge F. Vnmacht, DR.. Freder,ck "a -
Oscar +. Wright. s
The executive committee is com
posed of President 3urkart, Vice Pres
ident Curry, Frederick n. Zlniman'
<ecretary: Mai. Gen. Eli A. HeImick'
II. s.A.. retired, treasurer, and Dr. II.
G. Davis, controller.
Al b. Banquet Committee Named.
Ii. Roberts, president of Washing.
ton Chapter, American Institute OF
Ranking. announces that the follow
ing committee win take charge OF the
annual dinner to be held on January
IA the last Saturday before Washing
tons birthday, at the Willard
T. Hunton Leith, Security Savings
g. Commercial Bank, chairman; James
A. Soper,. Lincoln National, vice chair
man: Miss Lois A. White, Federal
American, secretary; Robert H. Lacey,
Columbia National, treasurer; Harold
W. burnside. Farmers & Mechanics;
Frederick III. Cox, Commercial; John
NJ. DeMarco, Seventh Street Savings;
James C. Dulin, jr., and Frank M.
Perley. American Security Trust
Co: A. E. Henze, w. B. Hibbs & Co.;
Miss Catherine Krieg and Miss Esther
Lau. Riggs National: o. Lehman. Sc
curity Savings & Commercial; Stuart
S. Ogilvie, Second National; Bruce g.
CrandaI. Commercial National; H. f..
Kimball, Central Branch American
Security & Trust; Miss Mabel ".
Royce and Miss Rose L. Royce, Wash
ington Loan & Trust; Edwin c. Steffe,
Federal American; Miss Alice III. Whit
ton First National. Alexandria, Va.
and William G. Winstead, National
Metropolitan.
Further plans are to be made soon.
the committee hoping to make the
Washington's birthday party the best
yet held. M
| Shortage in Quarter Eagles.
The New York Savings Bank tl<.o-
ciation has sent a complaint Sec
retary Mellon stating that the banks
cannot obtain a sufficient number of
50 so gold pieces with which to meet
the Christmas demand. The New
York Federal Reserve Bank has been
able ito give each bank only 10 Of
these quarter eagles so popular as
Yuletide gift coins.
The SIS. SO and $50 gold pieces are
easy to obtain, but the banks find it
embarrassing to refuse the smaller
coins 10 their customers. They request
,be treasury to furnish a supply
suAae;ent TO meet all needs or to dis
continue their coinage.
Other Financial Notes.
vice president Claude II. Woodward
NJ the Mount Vernon Savings Bank
hos been elected a director of the
Kiwarifs Club.
TT n Thyson, resident manager for
Harris Mooney & Co., investment
bankers. has resigned his position.
Dacisions on the withdrawal of
hank stocks from the New York Stock
Excbange's trading list have been put
lin IN the stockholders of the banks
sffectad. The Stock Exchange let 1t
Ne known unofficially yesterday that
n would give favorable consideration
IN anSi;rations for the withdrawal of
the shares of any bank when the
nnn,;oa lions have heen. approved by