Evening star., 1928-06-12

lo4l4 and there
also was a 1o-share E&ASsssEs b s
common at 95. '"'" ~ ''''e'
same as the last previous sale.
| Washington Railway 81 Electric pre-.
ferred changed hands at par, the frs
transfer being 80 shares. the next /.
and the last TO. Peoples Drug Store,
| preferred sold ex-dividend today al
! lloi2. Only one bank stock appeare,
on the board, 10 shares Of Merchants
Bank & Trust Co. selling at 154.
National Mortgage a. Investment pre-.
/ ferred was very active II opened Will
| four sales. reaching $50 shares at 57a
! Later in the session 20 more share:
/ moved at the same figure. Bond trad,
! ing was moderate and at recent levels
Wholesale Prices Decline Slightly.
| Wholesale PRICES declined one-fifth ot
/ ] per cent for the week ended June Q
/ according to the index of commodity
prices compiled here by the Nationa
! Fertilizer Association. Declines occurred
| IN fats, foods grains, live stock, nitrate
/ Of soda. Sulphate of ammonia metal,
| and hides. Advances occurred in alcohol
hard coal naval stores and the textile
/ group.
{ bdcEG OIi 1870 as ibu ana 433 COM
modities, the index stood at q58 70!
/ the week ended June 9, 962 week ago
| 96.4 two weeks ago and 965 three weeks
! ago. Prices at the end OF the week were
the lowest since April IA.
Insurance Men to Hear Sanborn.
A. l.. Baldwin. president of the Dis
j trIct OF Columbia Life Underwriters AS
sociation, announces that Ralph San
born Of New York, an authority on
business life insurance, and author of a
! book on this subject, will address the
local organization at the Gordon Hotel
Thursday noon at 1890. The speaker
will confine his address largely 10 va
rious practical points encountered in
everyday soliciting OF prospects Of this
type.
This will be the first meeting under
the recent administration, which, III
addition TO Mr.. Baldwin, includes II
Cochran Fisher, first vice president: II.
Lawrence Choate. second vice president,
and Harold Kraft, secretary-treasurer
Savings Bank Trustees Named.
The stockholders Of the East Wash
ington Savings Bank have elected the
following trustees for the ensuing year
john c. w. Beall, James A. Donoloe
Cratz z. Dunkum, Lewis Flemer, John
Ford. w. P. C. Hazen, Michael A
Lynch, Charles A. Mccarthy. Henry
H. Mckee, Morris e. MARROW. william
W. Payne, IT.; Samuel H. Walker. Johr
G. Weldon, Francis r. Weller and Johr
c. Yost.
Banker Home From Maine Trip.
William D. Hoover, president of tbs
National Savings 81 Trust Co, has re.
turned TO his desk after a three week
| fishing trip at the Rangely Lakes ir
| Maine. He made the trip by motor
| The banker admits that he left at Ieast
| two big fish in the lakes for any Other
! local banker who may visit Maine Later
| In the Summer. One Of these broke
| his line.
r.. Golden Donaldson, president O,
the Commercial National Bank, left
here a day or two ago and is now at.
| tending the Republican convention al
| Kansas City.
Edison B. olds. vice president ant
treasurer Of the Union Trust Co.
| stopped off in New York for a al1or
visit on his way home from the bankers
convention at Montauk Beach, Long
Island
Howard Moran. vice president Of thu
/ American Security SZ Trust Co. wa!
another banker who deserted the Wash.
[ lngton party for short visit in New
/ York
John M. Riordou, executive vice presi
/ dent Of the Bank of Commerce IL Say.
| inas, also halted at Gotham on the re-
turn trip 10 attend 10 tome business
| matters.
/ Sanitary Grocery Sales Gain.
The reports on sales Of the ganitar,
Grocery Co. for May, 1923. show total
| Of 81 ,3SS, ,750 against sI.3i7.529 in tht
| sane month Of 1927. This Is an in
/ crease Of 1875 per cent. Sales for tn
| first five months Of the present yea
4 totaled s90s2, ,t53. compared with tota
I of ss,772.2II for the correspondin,
/ period 2 year ago, the increase In sale
being 1425.
Treasury Offer Closes June 10.
| The Treasury authorization of tn
| Federal Reserve Banks 10 purchas'
| Third Liberty loan ~ per cent bondf
at 100 2~32 and accrued interest, vii
terminate on June 10 At the amount
I ~ &i25 900 900 Payment for the COLI
/ p0p bonds accepted VIII be made or
June 70. Payment for the registered
bonds viii BE- made on the same dat
Or on such later date as registration
shall have been discharged.
The Treasury reports heavy over
subscription ~ The two note Offering
iOtaliDg S400 600 900, placed on IN
Faafket ~ part of the regular fnanc'
iDg.
Heard IN Financial District.
The G0Itnefn Railway hiss declare
the regular dividends of 81 on com
man and 81 % On the preferred st0ct
The coDn0n dividend Is payable Angus
! ] ~ sloek of record July z, and the pre-
fefrfd is payable july ig ~ holders o
| FeooTd on J8ne l9
The annual outing Of the employees (
| the Union Tru1 ca, and the Thomas .
Fisher Co. ~ the tloue " n, j. GieIi
wagon. On Wesl River. during the wee
eDd, Was n complete success.