Evening star., 1929-04-14

na1apca S9,64l,954,31 Sl3,244,901. .ES
ssubject to minor changes when fnal fig
ures for March are available.
Ezra Gould Again Heads Bank.
AS noted in yesterdays Star, Ezra
Gould was reelected president OF the
Washington Mechanics Savings Bank
at the annual meeting Just held. Mr:
Gould founded the bank IN 1906 and
the institution has never had any other
head. The steady growth under his
leadership has justified his policies IN
management.
During the past year extensive
changes and improvements were made
In the banks Georgia avenue branch.
Now that the bank has doubled its
cspital further growth is assured. Ten
wears after starting his present bank,
MFR. Gould organized the Dupont Ma
tional Bank which later merged with
the Merchants Bank & Trust Co.
The local bank president has always
been fond of tennis and has carried
of many a cup captured at the annual
conventions of the District Bankers
Association.
U. S. Lines, Inc, Stock Offered.
p. w. Chapman g. Co.. Inc, is offer
ing 100000 shares Of preferred stock OF
United States Lines, Inc, at $3.50
share. Corporation was organized TO
acquire the ships and business of United
states Lines. operating the Leviathan
and five other vessels, and American
Merchant Lines, operating five combt-
nakion passenger and express freighterS.
The stock will be entitled to cunu-
lative dividends OF 81 q year, accrulng
nom January /, 1880, and viii par
tIeipate equally with common in any
farther dividend distributions.
Capitalization of the company VII!
consist of this issue of preference stock,
without par value, and 100000 shares
of no-par common, in addition to
$12,061 500 mortgage, due In series
1930-1944, to be issued to the United
States Government, bearing 4A per
cent interest.
Insurance Directors Nominated.
Nine nominations were made for d.
rectorS of the District Underwriters As
Sociation at a recent meeting at the
Arlington Hotel, four of whom will be
elected at the May meeting Of the
association.
Nominees were John Cremen, Massa-
chusetts Life Insurance Co.; Philip
Baldwin, Northwestern Mutual; j. E.
McCombs, Mutual Life of New York;
John Snyder, Mutual Benefit; Russell
Freeman, Prudential; Russell Shelk,
Reliance; Dudley Carpenter, Sun Life
Assurance of Canada; Eugene S. Adams,
Continental: John L. McElfresh, Con-
necticut Mutual. The association an
nounced a joint sales congress to be
held with the Baltimore association
May 3 at Baltimore.
Moderate Trading on Exchange.
Small lot trading again featured the
weeks closing trading on the Washing
ton Stock Exchange, prices remaining
at recent levels. Capital Traction closed
the week at 981a. The stock opened
at 98, the next sale was made at 98N,
and another at 983a.
washington Railway & Electric pre-
ferred also figured in several small lot
sales. This stock opened at 96B. Ten
shares then sold at 9634 and 10 more
sold after call at 987s.
Potomac Electric Power per cent
preferred came out at 112, closing half
a point higher. The 51a per cent pre-
ferred registered one sale at 10712. The
only bank stock out was Second Ma
ttonal. 10 shares selling at 249 Mergen-
thaler Linotype registered sale at
1879.
Security Storage Co. recorded three
sales at 121. The bond department at
tracted a good share of attention, the
opening sale being $1,000 transaction
in Potomac Electric Consolidated IS
at 1013s. Washington Gas 5s moved
at 10024. Gas 6S, series A, baby bonds
changed hands at 1924, while two 500
B bonds sold at 1041a and $1,000
bond at los. A $4,000 and an $1,000
sale in Washington Railway & Electric
Is took place at 86.
The unlisted securities were read of
as usual on Saturday. The bid on
Commercial Club first IS now stands
at 80, and the bid on Metropolitan Club
As has been advanced to 80 with 9212
asked. The asked price on Chaplin
Sacks per cent preferred is now 110
and the bid price on Franklin National
Bank stock has been advanced from
$50 to 165. Munsey Trust bid has been
raised points to $50. The bid on
Woodbridge and Langdon Savings Bank
stock has gone to 20.
Fewer South Atlantic Failures.
The much improved insolvency re-
turns for the South Atlantic States for
the first quarter of this year are shown
by the 661 commercial failures, with