Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-07

issues of Treasury
certificates aggre-
eating $559, 1871 600
mature on March -
IS. Robert C. Jones.
Secretary Mel
Ions announcement said that the new
offering of certificates, together with
tax receipts and other revenues, was
expected to take care of the Treasury
cash requirements until next June. The
certificates will be issued in denomina-
lions of $500, 81 900, $4,000, $4,000 and
100000.
Local Broker Highly Honored.
Robert C. Jones, who with A. Chester
Father and Charles Carroll Morgan has
been placed in charge of the local
brokerage Offices of G. M. P. Murphy &
Co. has been identified with the local
financial district for many years. He
was manager of the stock department OF
John L. Edwards & Co. at the time Of
the death of Mr.. Edwards. The BUSH
ness was taken over by the Murphy
company about three years ago and
later a second Office was opened on Con-
necticut avenue In addition to the one
on H street.
Mr.. Jones was born and reared in
Washington. During the World War
he served In France as captain and
now holds the rank of major in the
Reserve Corps. He is member of the
Army and Navy Club. Army, Navy and
Marine Corps Country Club, the Ma
tional Press Club, Sons of the American
Revolution, American Legion ana
Society of the Cincinnati. The latter
patriotic organization was organized in
Washington's day and is limited IN
membership to direct descendants OF
officers who fought in the Revolution.
Mr.. Jones and his associates are
receiving hearty congratulations on the
promotion accorded them by the New
York Stock Exchange firm since the
withdrawal Of oscar Coolican.
Washington Gas Sells Lower.
Washington Gas Light sold on the
washington Stock Exchange today at
llOlb for 80 shares and 1904 for 10
shares. The last previous sale in this
stock was made at III. Every sale In
this issue revives the discussion among
the shareholders regarding what the
out-of- town interests holding large
blocks of the stock may plan or hope
later to do with the company, provided
they eventually should gain control OF
the local utility affairs. At present, how.
ever. only normal trading in the stock
Is being recorded.
Lanston Monotype was strong today,
so shares selling at 100, same as the
last sale, new al-time high. A single
share of Mergenthaler Linotype changed
hands at 1924, ex-dividend. Peoples
Drug Stores preferred reflected the Ia
vorabie earnings report, out today, and
changed hands, ex-dividend, at III and
l22 on light turnover.
Columbia Sand & Gravel preferred
figured in six transactions, opening at
94l5 and closing at 9414, the days sales
reaching 80 shares. Railway & Electric
preferred moved at 98l2, Federal
American Co. preferred at l02 and Ter
minal Refrigerating & Warehousing
Corporation recorded 10-share sale at
81. Potomac Electric Power 512 per
cent preferred sold at 10834.
Bond trading was confined to a 81 900
transfer In Capital Traction IS at l00ss
and a small sale in Washington Gas IS,
series B, at 1882.
Title Company Organizes.
At today's organization meeting of
the Capitol Title & Guarantee Co., the
directors elected John Paul Earnest,
president; John H. Duncan, vice preSi-
dent: Samuel S. Spruce, vice president;
G. Baillie Springston, secretary, and
Eliot H. Thomson, treasurer. DR.. w:
w. Stewart of this city has been added
to the board Of directors. making the
fifth new name now appearing in the
list.
Peoples Drug Sales Climbing.
Sales of Peoples Drug Stores, Inc, for
February were reported today as total
ing 81 ,O68,002, against s780,l56 ~
February. 1928. an increase OF s287, GAG.
or 36.8 per cent. Sales for the first
two months of the present year are
reported as $2.180,447, compared with
Si,473.583 In the corresponding period
a year ago. This is gain of $706,864,
or 47.9 per cent. Both sales totals In
clude the business done by the stores
most recently opened by the company.
North American Co. Expanding.
Expenditures totaling 500 1000 900 are
to be made during 1929 by the following
subsidiaries of the North American Co.:
Great Western Power Co, San joaquin
Light & Power Corporation and Mid
land Counties Public Service Corpora
ton.
Extension and improvement for the
electrical facilities Of the Central Cali
fornia territory served by the compa-
MES, which includes the Sacramento and
San Joaquin Valleys, the San Francisco
Bay region and several coast counties,
will require $l3,500000 of the proposed
expenditure. Operating expenses and
taxes will amount to $4,000. 900.
Construction of new steam plant OF
the Great Western Power Co. on San
Francisco Bay. started during 1928, is
the main project for the coming year.
Financial District Notes.
Deposits in the Riggs National Bank
passed the 100000 mark yesterday
for the first time in the history Of the
bank This total compares with the
deposit report on December 81, the last
call date, of sac, 364,127.74.
Now that William D. Hoover and
Frank Stetson of the National Savings
a. Trust Co. are both members of the
that they play off the tie and attempt
to make hole in half stroke.
Chairmen of the recently appointed
District Bankers Association convention
committees are now drawing up their
own special committee membership
which they will soon report to G. H.
Pope. general chairman.
1t was announced in New York today
that Goldman-Sachs have taken a SUBJ
stantial interest in and hereafter will
be closely identified with the affairs OF
Insurance shares. Insurance shares
trust certificates are quite widely held
in Washington.
w B. Hibbs, head of the brokerage
firm by that name, is passing the week
at his estate in Leesburg, Va. He
motored out t. his old home at the
close of last week and slight cold has
kept him confined there since.