Evening star., 1928-03-21
WASHINGTON GAS
AGA|NLEADS TRADE.
Stock Gains FractionaIIy in
Spirited Session on Lo-
cal Exchange.
BY EDWARD c. STONE.

stood in the limelight on the local ex-
change today when sales reached l56
shares in a strong market The stock
opened at 50 and later 8 lo0-Share
block changed hands at the same price
The bidding became so spirited that the
market closed with IS, 10 and share
lots selling at Sol2
Potomac Electric Power 6 per cent
preferred stock appeared on the board
today at lil's while the SIS per cent
IsSle sold at i07SS and io7is The only
2theT public utility stock out was Capt.
tal Traction which sold ex-dividend TO
lie extent Of shares at lo9is.
Columbia Sand & Gravel preferred
opened at lo4i2 and closed With so
share sale at i04. Both type stocks
came out shares Of Lanston moving
II I09 and 10 shares of Mergenthaler
going ex dividend at lo3S4.
Peoples Drug Stores preferred. in
which so much interest has recently
centered. was quiet today, 10 shares
selling at 12S. Another stock sale was
50 shares Of National Mortgage & In
yeStnlent preferred at 5i4.
On the bond side a $4,000 transac-
on IN Capital Traction SIS was recorded
IT IoS34 Potomac Electric Power IS
sold at 100, while $1,000 turnover in
Chesapeake & Potomac Telephone SIS
Woodward & Lothrop preferred stock
f,ss been added TO the list of local
securities now selling ex dividend.
Houston Made Trust Officer.
The board Of directors of the Ameri-
an Security & Trust Co. elected David
:. Houston trust officer Of the company
- 1eeting late yesterday. He has
t>en ne banks assistant trust offlcer
nee April Is 1912
Mr.. Houston was born on July 20. |
.S76. and was graduated from Dickinson |
College in 1900. He then entered Co. |
'.Ynhian College. now the George WASH |
i.>gton University Law School, and TOOK
ne degree OF IL. B. there in 1908. he |
rsssed the District bar examination In |
ne same wear Soon after his gradua-
~, he entered the law Offices of Alex |
-ader H. Bell and in 1908 became chief
r'srk in the trust department OF the
american Security & Trust Co.
Local Dividends Declared.
The directors of the Merchants
--ransfer & Storage Co. have declared
'He regular quarterly dividend OF $I;io |
->-r share on the preferred STOCK: Inc
r-isbursement is payable on Aprn 10
ockholders of record March %.
The American Security & Trust Co |
,.irecfors have voted the regular quar-
-riv dividend Of per cent due at this
ne THE dividend is payable April 10
=, stock of record March 81. The books
III be closed from April ] TO 10 IN
1sive.
Banker Planning Extended Trip.
President Joseph Schiavone Of the
ternational Exchange Bank announces
at he Is planning to take an eXtenoeo
n and rest in the near future. MI.
h;svone will 90 to Florida for vislt
d later will sail for Italy TO VISIT MS
7ther. The complimentary dinner AT
Willard last evening was hlgnIy
aisAd today by the many bankers
sent. Robert ~ Harper. head OF the
strict National Bank, presided, ano
varied entertainment numbers were
@atly enjoyed. Mr.. Schiavone received |
arty CONGRATULATIONS on the success
has attained since founding the In
national Exchange Bank There were |
,0ut 200 guests.
industrial Workers Lightly Insured.
The United States Chamber Of Com |
rec reports that industrial workers on /
average carry less than $1,000 In
snce. and that about / out OF 10
ev1es no insurance az all. About 40
cent have an average OF $1,000.
lie 80 per cent have an average OF
o. Approximately 20 per cent are
red from insurance because OF phys
disabilities.
Is found that these figures check |
ely with the estimate Of insui ance /
-sed per capita IN the United States /
e, 1886. Despite the bewildering total /
cunt of insurance carried IN the /
ted States, the individual average |
glrpriSsngly small
Worlds Largest Banks Compared.
of the six banks In the world with |
osits Of more than 81 -000. 900 900 |
lis equivalent, five are private banks |
london and one, the National City, |
n New York. according 10 a survey |
&C by the California Bank Of Los |
-eleS The tabuIation lists $50 Eng |
and American banks. The 30 |
sericsn banks have deposits Of $l9.- |
ss5.224 and the 60 British banks !
deposits equivalent 20 slS.644.- |
907. Of the FIVE London banks. the
land comes first with 81 ,S2i .89s, ,648 |
-9sits. Lloyds Bank second with
3a.2z0, ,30I, Barclays Bank third with
4s.365,496, the Westminster Bank
rth with 81 ,372, ATS. .733 and the Ma
al Provincial Bank fifth with
3I.460.7S3. The National City Bank
deposits Of i,275 .ozI ,se4.
Auditors Conference 10 Meet.
~ne new District Of Columbia Audi
Conference viii hold another
ssing tomorrow al 1890 al the UNI
slty Club. How banking house fur
siye and fixtures and real estat:
HIsd be carried on the books viii be
main subject under discussion. j.
I'M Faber, the president announces
the association lis growing steadily
eral more banks have announced
eBtions Of being represented.
Heard In Financial District.
IRA Gould. president Of the Wash
on Mechanics Savings Bank, an
noes that he has resigned as men,
II the DosFd Of directors Of the r.
Smith CO.
rtilur c. Fiather, assistant manager
q M r. Murphy & Co. being
I'd in the Connecticut avenue
ae, has returned from several days
Ia New York % business.
u Y4ansDerp one of the directors Of
Bank ri Commerce IL Savings, Is
ding few days al Atlantic City.
he Union Labor Life Insurance Co,
ei3 mas its head Offices In this city.
ioicang its annual meeting IN Eaiti-
bDcay. aS II lE q Maryland corpora
g. The yesr has been most Success
according " President Matthew
Poster CLARK, president Of the
X Lighter. Co, reports that ship
rs of lighters for the first TWO
ths of 1923 are 20 per cent ahead
sst year, assuring satisfactory first
er earnings Considerable of tie
sbock Is beio locally.
a --
HILL rnrnrn aAnn nGn