Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-09-17

Gravel preferred B.F. saul.
moved at 90. In
the bond division Washington Gas IS
series A, recorded 81 900 sale at 104E
with smaller denominations selling un
der that price. The B bonds figured
in two $500 sales at 1075s and il
another similar sale at 1903.
Capital Traction SIS, recently so active
were quiet today, one $500 sale being
made at 101 Anacostia & Potomac
Railroad SIS appeared on the board, {
ST. 900 bond bringing 49, The bono
market closed with $4,000 transaction
in City & Suburban SIS at 96.
Mergenthaler, Peoples Drug, Sanitar!
Grocery and Capital Traction are nov
being quoted ex-dividend.
b. F. Saul Elected Director.
B. F. Saul, president of the B. F
Saul Co. of this city, was elected {
member of the board of governors o
the Mortgage Bankers Association o
America, which has just concluded it
fifteenth annual convention, in Cleve'
land. Mr.. Saul attended the sessions
and took part in many Of the discus
SionS.
At the convention it was reported
that about $32, 900 100000 is invested al
present in city mortgages and $4,000,
100000 in farm mortgages. Much time
during the sessions was given to method:
to provide better protection for investor:
in mortgages E. E. Murray, vice presi'
dent of the American Trust Co., Nash
vile, was elected president for this
year.
Graf1in to Address Bankers.
DIR. Samuel w. Graf1in of New York
will address the open meeting of the
local institute chapter on wednesday
evening at the Willard, when the GER
tificates won in the last half OF last
year will be awarded. DR.. Graf1in has
spoken here before and is brilliant
orator.
Prizes will also be awarded to about
80 students in the institute who have
won scholarship honors. Local bankers
have given $50 prizes totaling $500 FOL
the best work in various courses and
SO far as possible, the donors will
present them in person The prizes
are divided into $25, SIS and SIC
awards, so that large number of young
bankers profit by them each wear.
Robert v. Fleming and Harry V
Haynes have been asked to present thu
greetings of the district Bankers AS
ISOLATION and of the Washington Clear
ing House Association. James A. Soper
chapter president, will preside.
Treasury Pays OFF Liberty Loan.
Maturity of the third Liberty loar
bonds on Saturday called for the dis
bursement of approximately $974,000.'
600 repreSenting the amount of tina
issue not previously redeemed. Agains
this sum were funds set aside for COW
ering the allotments of the new AZ
per cent issue of Treasury certificate:
of indebtedness of $550.000,000. This
deduction leaves something like $420.'
100000 which will find Judgement If
other quarters.
Bond men here are pleased over the
outlook They state that much OF this
money will find its wav back into bonds
since it has been previously invested II
bonds.
The third Liberty loan was the mos
widely distributed of the war issues ant
holders should bear in mind that in
terest has now stopped on it.
Capital Traction Dividend.
The directors of the CAPITAL Traction
Co have declared the regular quarterly
dividend of 134 per cent due at Thu
time It is payable Octobe /. to stock
holders of record on September IA.
Firm to Start October I.
The newly organized CAPITAL Title 1
Guarantee Co. will be installed in tn
new Chandler Building around Octo
Der ! and open for business at tina
time, it was announced today. TIL
officers are: John P Earnest, president
Ezra Gould. vice president: Eliot II
Thomson, treasurer, and George B
Springston, secretary.
The company Is working on and ha
applied for patent on a form OF not
which is intended to eliminate the risl
of forgery or duplication of notes. Thi
is a matter that has been taken up b.
the District Bankers Association in tn
past by special protective committees
1t is not known whether the new form
of note will be available to the bushes
men of the city.
Advertising Men to Meet.
The Financial Advertisers Association
opened its annual convention in Utica
N. Y, today. Representatives from th1
city are John Poole. president OF tn
Federal-American National Bank; Rob
ert L. Father, American Security Z
Trust Co.: T. Hunton Leith, Securit,
| Savings & Commercial, and Eliot Il
| Thomson, Washington Loan q Trus
Co. Mr. Poole is to make an address
| at tomorrow's session.
Other Financial Notes.
Judge Mary OToole, Raymond
Dickey, representing the faculty of tn
local American Institute of Bankin
chapter, and Frederick P. H. Siddon
will address the dinner meeting of tn
womens committee of the chapte
which will be held in the Barker Ha
of the Y. w. c. A. tomorrow evenin
at $50 o'clock. Miss Mabel v. Royc,
chairman of the committee, will preside
A. M. Nevius, vice president of tn
Riggs National Bank, was back at hi
desk today after a months vacation
most Of it being given over to a West
ern trip.
Eugene e. Thompson, president of tn
Associated Stock Exchanges, is attend
ing a meeting of the board of govern
ors in Detroit. The annual meetin
comes early in November.
Howard Moran, vice president of tn
American Security & Trust Co., an
President Maurice Otterback of tn
Anacostia Bank have announced the