Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-08-08
NEW HIGH MARKS
SET IN TRADE HERE
Four Tops for Year Reached
in Dealings on Local
Exchange.
BY EDWARD c. STONE.

BY EDWARD c. STONE.
Four new high marks for the year
were reached on the Washington Stock
Exchange when the weeks trading
opened today.
Thirty shares of Federal-American
National Bank stock sold at 325, one
point higher than it has been since
January /. Washington Railway &
Electric preferred opened at 92A 'on a
transfer of ii shares and on another
sale closed at SO, fractional gain for
"a new top in this issue.
The other two new peaks were
scored by Merchants Transfer & Stor-
age. Fifteen shares of the common
sold today at 1870, the best price of the
year and five points above the last
sale The preferred sold at 1929, the
highest previous quotation being 101 y /.
Potomac Electric per cent pre-
ferred was strong at 100. while the
51s per cent stock held at 1919. Riggs
National moved at 4S1 and 10 shares
of Mergenthaler came out at 1121a
Capital Traction sold at 1861, the best
price in many weeks. Two bond sales
were made at recent levels.
Local Banker on Disabled Ship.
Vice President Edward J. McQuade
of the Liberty National Bank was
aboard the North German Lloyd liner
Columbus, which struck something at
sea which caused the loss of a pro-
pellcr, when 900 miles from land.
There were 1897 persons on the ship
at the time. With the propeller gone,
the engine raced at such terrific speed
that it blew out a cylinder head and
Hooded the engine room with steam.
Antoine Weber. the fourth engineer
and four oilers faced the danger and
crawled through the engine room to
a point near the steam valve The
oilers then held the engineer by the
legs while he reached down and turn
ed off the valve. For this unusual
heroism, the passengers raised
purse of $780, but Weber refused to
take any of it. He agreed, however,
to act as trustee and hold the money
until watches would be bought for each
of the oilers. Bv using it's other en-
CINE the ship reached New York SO
hours late.
Four i'm National A. i. b. Limelight.
Four members of Washington Chap
ter, A. /. B., recently have jumped into
the national limelight. The appoint
ment by President Williams of Mrs
Helena d. Reed of the Lincoln Ma
tional Bank to membership. on the ma
tional public speaking and debate COM
mittee was the fourth recent assign
ment of special honOrs to the Capital.
Miss Lois A. White of the Federal
American National was the first to
draw attention when she was placed
on the resolutions committee during
the national convention in Detroit.
Then came appointment to the ma
tional women's committee of Miss
Mabel V. Royce of the Washington
Loan & Trust Co., and hardly had this
announcement been made when it was
stated that T. Hunton Leith, assistant
cashier of the Security Savings & Com
mercial. had been assigned to the ma
tional forum committee.
All four selections have come to
junior bankers here who have worked
hard and most efficiently for the local
institute chapter, end are only too glad
to serve the national body. Washing
ton Chapter stands fourteenth in size
among the 1872 chapters in the coun.
try, but far higher in special honors.
Vacation Season Now at Height.
William J. Flather. vice president of
the Riggs National Bank, was back at
his desk today after a month at the
Poland Spring House, South Poland,
Me. Mr.. Flather is one of the regulars
at the Maine resort, not having missed
Summer visit there for many
seasons.
c. Charles D. Boyer, cashier Of the
Federal-American National Bank, left
Washington at the end of the week to
spend three weeks vacation in New
England.
Lanier P. McLachlen, president of
the McLachlen Banking Corporation
and secretary of the District Bankers
Association, has returned from
months vacation in Connecticut. He
had cottage on lake which supplied
splendid bathing and fishing and was
also near a first class golf course.
Harry NJ. Wheeler, long connected
with w. b. Hibbs & Co., is passing a
three weeks vacation motoring about
New England.
q. b. Dent, assistant cashier of the
Riggs Bank, is spending his annual
vacation at Orkney Springs, Va.
John E. Parker of G. M. P. Murphy
& Co. brokers, passed the week end
with his family at Blue Ridge.
Leon Tobriner, general counsel of
the Federal-American National Bank,
is spending a month at Mackinac
Island.
Local Financial District Notes.
Local boardrooms were thronged
again today as the weeks trading in
Wall Street opened. The possibility
of decidedly unsettled conditions in
the near future has led observers to
follow the tape very closely.
Debts to individual accounts, as
reported to the Federal Reserve Board
by banks in leading cities for the week
ending August 8, aggregated $13,732.-
10000, or 12.1 per cent above the
total of S12,249 100000 reported for
the preceding week.
D0ings i'm Insurance World.
The West Virginia Fire Under
writer's Association is considering a
cut in commissions from 20 per cent
to Is per cent in mixed agencies.
A compilation of fire insurance pre-
miums and losses in the United States
for the 10-year period. 1917 to 1926,
inclusive. has been made by the South
ern Underwater, publishers of the
Argus Charts, showing the total pre-
miums in that period to have been
SIS, $4,000 and losses $2,716 1863 1914,
a loss ratio of 51.27 per cent.
Commissioner Monk of Massachu-
sets has issued an order requiring all
applicants for insurance agents H.
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