Evening star., 1927-11-21
WASHINGTON GAS
BONDS IN DEMAND
Both A and B Issues Rise to
New High Ground for
Present Year.
BY EDWARD c. STONE.

By EDWARD c. STONE.
Washington Gas bonds featured the
weeks opening trading on the WASH
ington Stock Exchange today, both
the A and issues advancing into
new high ground for the present
year.
Washington Gas 6s, series a, sold as
high as rs. a gain of point ana
81 over the last sale last week ana
q over the best price this year. The
market in this issue opened with the
sale of two baby bonds at 1041s. The
next sale was a $500 transfer at 1034s
and the last sale was a $4,000 turn
over at 105A.
Washington Gas 6s, series b, opened
with the baby bonds selling at 1852
On the next sale a $500 bond brought
1O6 and the market closed with
$500 bond selling at 1O7 fat. Thls
price compares with 1865 as the
previous high for the year, and the
closing sale last week at 105. The
onlv other bond transaction was in
Washington Railway Il Electric As at
S77s.
Capital Traction opened the stock
trading. The first quotation was 10Y,
the next at 1885. The price returned
70 1913 and closed at 109L, total sales
being 40 shares. Potomac Electric
Power So per cent stock was strong
at 1867, and the 6 per cent stock was
also firm at 1l0A.
Railway & Electric preferred came
out at 997s. Columbia Sand IL GraNel
preferred registered three sales at
1903 and Washington Gas Light fg-
ured in the same number OF sales
at S51a.
Local Trust Company Resources.
Trust company resources in Dis
trict of Columbia total $l06, ,637 73S, as
compared with $102 ,061, ,794, last year.
according to a review for 1877 just
issued by the United States Mortgage
& Trust Co. of New York.
Combined resources of the 2.73l
trust companies of the country report
ing as of June 80. the date of compila-
ton, were $20.4S1 100000, gain OF
$t,145, ,000. 900, over the previous year
Deposits were in excess of 6,S00,O0O,
900. against SIS 900, 900 900. in 1926.
In reviewing the figures, President
John w. Platten of the mortgage COM
p4ny says it is a cause of satisfaction
that the resources of the trust COM
panies of the country continue to seek
new high levels year after year. the
totals at the present time being consid-
erably more than double those of ~
years ago.
Heavy Purchases for U. S. Mint.
Robert G. Grant, director of the
United States Mint. said recently:
During the last fiscal year the
Government bought through the mint
service S255, ,S67,676 worth OF gold and
silver. The greater percentage Of this
gold came from outside the United
,.t1
produced from mines in this country;
nearly $40, 900, 900 worth from old
jewelry, such as wedding rings and
gifts of all kinds, old teeth and fill
ings. The mint offices buy all gold
offered in amounts of 500 or over.
AT present there are three coinage
mnts. located at Philadelphia, San
Francisco and Denver. Assay offices.
for the purchase of bullion. are main.
tained at New York, New Orleans,
Seattle, Helena, Boise. Carson and
Salt Lake City The New York assay
office, besides buying nearly half of
the gold purchased. sells most OF the
fine bars for manufacturing purposes
or for the arts; this amounted to over
$50. 900, 900 last year."
Railway Common Sells at AS.
Another sale of Washington Rail.
way & Electric common has been re-
corded on the New York Curb. Fifty
shares sold in the short Saturday ses-
sion at 445. This is Is points under
the high for the year in the New York
sales, but some 10 points above the
last sale in the same market. The
action of this stock in New York is
watched with keenest interest by the
large number of Washington holders
Of the same security.
Bank Open for Inspection.
President John 3. Larner of the
Washington Loan & Trust Co. an
nounces that the new S1.OOO,00O
1O.story addition to the institution, at
Ninth and F streets northwest, will
be open for public inspection from
5 to o'clock this evening. tomorrow
and Wednesday evenings. This in
formal opening will give other bankers
in the city an opportunity to see the
extention which contains Sc additional
rooms and is larger than the original
bank.
One of the most interesting features
of the new building is the vault in the
basement. An innovation in this Is
second door, which is just bit larger
than a portfolio on an ocean liner.
opens only from the inside, and sup.
accidentally locked in by the closing
of the main door. which weighs about
80 tons. The new banking quarters
are now practically settled, and Offer
ing many special features that the
public will enjoy viewing.
Cost of Living Advances.
Wholesale prices increased one-half
of l per cent in October compared
with September. but decreased nearly
212 per cent from October, 1926, the
Bureau Of Labor Statistics shows. The
index number for $50 commodities
stood at go for October. against 96.5
for September and 99.4 for October,
1926.
The same Government bureau re-
ports that the retail food price index
revealed an increase of about IL per
cent in the period from September Is
to October 15 registering 1861. against
154 per cent in September and 100 per
cent on October Is year ago. In.
creases were registered in 19 items
md in,