Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-02-14
BONDS TAKE LEAD
IN LOCAL MARKET
Railway 4s at New Top and
Gas IS Also Up-CapitaI
Traction Sells at lis.
ny EDWARD c. STONE.


When the wheels of finance began
| turning on the Washington Stock En-
change today after yesterdays holiday,
bonds came sharply to the front. the
lead being taken by Washington Rail-
way & Electric Is and Washington Gas
IS, series A There were seven $500
top for the present year and an ad-
vance OF l0', points over the low mark
of 1927
Gas A bonds opened with a $4,000
and 81 900 sale at 1861. followed later
III the session by five $500 sales at
l06l.. within an eighth of the high for
the year There was also $500 turn.
over in the B bonds at 109l.. Capital
Traction SIS came out at l04i. and
Chesapeake s. Potomac SIS moved at
lolii
On the stock side Capital, Traction
drew attention by selling up to lis. thi,
years peak in a 64-share turnover in
vo!ving seven transactions. Potomac
Electric Power issues were strong and
Gas Light was again up to SS'4. The
other xactive local issues were also
strong.
Record Insurance Year Reported.
General AGENT D. Fulton Harris of
The New England Mutual Lie Insurance
Co. reports that the company had the
best wear in 1927 in its history New
insurance paid for in 1927 reached
SI37.490. 200, nearly S10.000000 more
than in 1926. the best previous year.
The total insurance in force now ex-
ceeds the billion dollar mark. being
sl,oc3. o63.402. an increase of sS5,043,-
2S6 for the year This exceeds the
1926 increase Of $50 100. 300. The bill
lion line Of outstanding insurance was
reached III September. 1927. this COM
pany being the fifteenth American l;fe
insurance company to enter this top
class
Assets are now S200.776.765. an in
crease Of Sl6.338. 564: the liabilities, In
Guiding policy reserves. Sl87.5l5.I9l,
and the general surplus. $I3.26l STA, an
increase Of s753,007 This is the sur
plus after the directors had voted an
addition Of 100000 to the general con-
tingency fund an a dividend of 1885,
600 to be paid this year
Banquet Guests to Number $50.
President l. j. Roberts of Washing
ton Chapter A. /. B.. expects that the
guests at the institute banquet Satur-
day evening will number $50. This will
be the largest attendance yet. The
tlnal reservations are coming in with
a rush and several banks are taking
whole blocks Of seats for their employees.
Chairman T. Hunton Leith Is elated
over the outlook.
P. r. Williams national president Of
the institute of Los Angeles. is to be
the guest Of honor. Assisting the above
members in arranging for the banquet
are James A. Soper. Robert H. Lacey
and Miss Lois A. White
Heard in Financial District.
W. B. Hibbs, head of the brokerage
house bearing his name, was back in the
city today after passing the week end
at his Leesburg estate.
Charles G. Lamborn. treasurer OF the
National Savings g. Trust Co., continues
to gain steadily following q recent
operation
Bertram Chesterman. president of the
local Morris Plan Bank, attended the
annual meeting of the Morris banks
held in New York last Friday.
Joseph Sciliavone. president Of the In
ternational Exchange Bank. has been
on brief visit TO his old home in Tren-
ton. ~ J.
Wade H. Cooper. president Of two, To-
cal banks. spent the week end In New
York in connection with Lincoln ami
versary exercises. He has special adj
dress on Lincoln which he has deliver
ed in a great many places all over the
country.
Grayson NJ. P. Murphy. head Of Muir
ply &, Co., recently passed several days
visiting the two Washington otlces.
Local Bank Clearings Higher.
Washington bank clearings for the
week ending February 9 totaled $685.
$4,000, compared with S24,660. 900 for
the previous week. The clearings. how
ever. were 8 per cent below the figures
Of the corresponding week year ago.
The 464 Liggett drug stores report
s55.22l, or l.18 per cent, over January
business IN 1927.
NJ B. Kynaston &, Co. have moved
their investment securities Offices from
the Union Trust TO the Washington
Building
The II. r. Bryarly d. Bro agency
won the intercity contest conducted by
the Home Life Insurance Co. OF New
York, writing paid insurance during
1927 amounting 10 sl,8l6.000.
Wholesale Prices Decline.
Wholesale prices OF all commodities
declined further last week, with fuel,
rubber. hides. fats and foods pulling the
index number down 10 945 as COM
pared TO 954 for the previous week,
according 10 the index complied by the
National Fertilizer Association and
based on 449 quotations. Textiles.
grains. feeds and live stock advanced,
indicating recovery from the recent
speculative GeclinRE in these sensItfva