Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-09
Percentage
of increase
or decrease
in calpS.Tiily.
No. Of stores
Elected to Insurance Board.


Arthur Carr, former secretary of the
Washington Board of Trade and active
in real estate circles, has been elected
to the board of directors of the Mu-
tual Fire Insurance Co. to fill the
vacancy caused by the death of James
II. Petty. Mr. Petty was one of the
years and one of the managers %
years. The company was chartered by
a special act of Congress in 1855, so
1t is now IA years old.
Other managers, besides Mr.. Carr,
are W. A. H. Church, the president;
B. F. Saul, c. Kattelmann, L. Pierce
Boteler, secretary of the company; E.
c. Brandenburg and Frank A. johnson.
U. S. Savings Sells at 600.
Ten shares of stock of the United
States Savings Bank sold today on the
Washington Stock Exchange at 600
This was a gain of 1887 share since
the last sale. No share of this stock
has been sold during the present year
or had there been any sold for long
time before 1929 was ushered in. For
a long time the bid on it has been $500
per share, but none has been offered.
The stock has a par value OF 500 per
share and pays an annual dividend OF
80 per cent.
The only other bank stock out today
was American Security & Trust, which
changed hands at ASS. There was a
large amount of Small-lot trading in
Capital Traction, Potomac Electric
Power preferred issues, Lanston, Mer-
genthaler, Peoples Drug, Terminal Re
frigeration & Warehousing Corporation
and Federal-American Co. preferred.
Prices were strong and did not in any
I,o T.
Stock Exchange, not even reducing the
volume of trading.
Washington Gas Light stock was in
demand today, selling at 1875 and 125
and closing at the higher figure. The
bid on Railway common remained at
900, with 999 asked. It develops that
the asked price of 999 is a markdown
from ST 900 per share, as there is no
room on the quotation board for the
four figures.
There was good sized turnover in
bonds at recent price levels. Washing
ton Railway g. Electric As were the most
active issue.
Railroad Situation Reviewed.
The latest financial review issued by
G. M. P. Murphy & Co., includes
comprehensive study Of several of the
leading railroads of the country. AS
the railroad stocks have been more to
the front since the OFallon decision
was made public, the brokerage has
summed up the financial condition of
such roads as the Baltimore & Ohio
New York Central, Pennsylvania, Erie,
Atlantic Coast, Louisville & Nashville,
Southern and others.
Various possible mergers are also given
attention, the different proposed group
ingS being discussed at length. Holders
of railroad securities will find an I'M
usual amount of condensed information
in the pamphlet.
S. L. Shanks, manager of the WASH
ing Machine Co., Inc, with offices at
1917 F street northwest, has been pre-
sented with silver trophy in recogni-
ton of the fact that his district led
the country in percentage of sales dur
ing the month of June. This sales
record also won for the Washington
district. a pennant which is awarded to
the district having the highest per-
centage of sales in its class. =
. Another Banker Off for Vacation.
John M. Riordon, vice president of
the Bank of Commerce & Savings,
leaves Washington Monday for Marthas
Vineyard, where he will spend three
weeks or a months vacation at that
popular resort off the Massachusetts
coast. Mr.. Riordon has been connected
with the Bank of Commerce & Savings
ever since it opened. Incidentally, he
has served on all the District Bankers
Association committees Of importance.
Frank Owings cashier Of the same bank.
returns from his vacation next week
after an outing on Chesapeake Bay.
Y. E. Booker, head Of the investment
firm by that name, is in New York to-
day on business.
Harry M. Wheeler, for several years
connected with w. B. Hibbs & Co., Is
on his vacation, Ocean City, N. j., being
one of his detectives.
l.. w. Todd, manager of the Wash
ington Office of Hartman & Co., is ex-
pected back from his vacation early
next week. He Is now in Canada on a
canoeing trip.
A. r. Morse of the local Office Of
Thomas Cook & Son Is on an extended
tour to Japan and China to perfect
arrangements for Oriental tours.
Norman E. Towson, manager OF the
foreign department Of the Washington
Loan & Trust Co., Is spending his va
cation with friends on Georgian Bay
along the coast TO Canada.
the local once of the National City
Co, is travelling on the Pacific Coast
Chauncey @. Parker, jr., connected with
the same ONCE, Is having two weeks
vacation at Wakefield, r. I.
Samuel r. Baulsir, cashier Of the
Security Savings & Commercial Bank.
is on a motor trip to Minnesota.
Local stockholders who switched from
Chestnut Farms Dairy to National
Dairy Products, will be interested in
the announcement of a per cent extra
stock dividend, and the declaration Of
the regular quarterly per cent stock