Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-16

1081a, District Ma
tional Securities
preferred sold at
80 and IS shares Daniel +, Roys.p
of Chapin-Sscks
per cent preferred moved at 1o6. There
was a sale of 81 shares of National
Mortgage a. Investment preferred at
45s.
Bonds were in fair demand. Capital
Traction IS registered 9534, Washington
Gas SIS, series A, sold at I02, and a
baby Gas B moved at l0434. Potomac
Electric Consolidated SIS changed hands
at 102, and Barber & Ross 6las closed
the bond trading at 901s.
Attention was again called to the
fact that the exchange will be closed
on Friday and Saturday.
DR.. Borden on Storage Board.
AT the regular monthly meeting of
the board of directors of the Federal
Storage Co, Monday, DR.. Daniel L, Bor-
den was elected to the board.
DR. Borden is a professor of surgery
ut George Washington University, sur
geon TO Emergency, George Washington
and Childrens Hospitals He is a lieu
tenant colonel in the Medical Reserve
Corps, Fellow American College of Sur
geons, president of George Washington
University Medical Society, and mem
Der of Chevy Chase and University
clubs.
Insurance Men Hold Conference.
The general and local agents of the
Penn Mutual Life Insurance Co., OF
Philadelphia, opened a conference at
the Racquet Club here today, beginning
at 10 o'clock. A luncheon was served
at noon. The gathering was made es-
pecially important by the attendance
of William A. Conway, one OF the ON
cials of the company. All the members
of the staff of Wolf g. Cohen, the local
general agents. were present.
Building Officers Elected.
At a recent annual meeting of stock
holders of the Citizens Equitable Build
ing Association of Georgetown. the fol-
lowing officers and directors were re-
elected: Thomas j. Stanton, president;
Isaac Birch, vice president: H. w Burn
side, secretary; H. L. Selby, treasurer;
Mrs Irene Arendes, assistant secretary
Directors are j. M. Burns, P. F. Carr,
j. Hadley Doyle, r. z. Layton, j. Leo
Kolb. Isaac B. Nordlinger George A.
scheele and Robert A. Mayfield.
District National Opens Drive.
The District National Bank has
opened a three months drive to add
ST 600, 900 in deposits. Twenty-seyen
sales groups have been organized, in
charge of the following managers:
Robert N Harper, Joshua Evans, 1r.;
c.. j, Cockeler, Hilleary l. Ohutt. lr-;
John F. Maury, E. @. Yonker, 3. l.
Cotton, Charles w. Darr, Atwood M.
Fisher Charles c. Rogers, Horace G.
Smithy Leon S. Ulman, Charles j.
Brand A. P. Crenshaw, j. Miller Ken
yon Robert Lee O'Brien, H. l.. Thorn
ton, William D, Murdoch, William O
Rabbit, George D. See, Anna Varnon
G. w. Hauptman Edward G. Haibach
Walter Koens, Rita G. McGtnnls, Ben
tamin Robinson and H. o. Sikorra.
Progress Of the drive will be pictured
on board in the main Office at l406
q street northwest. The general COM
n1ittee includes Col. Harper, Joshua
Evans. jr. Charles w. Darr, John F
Maury, z. j. Murphy, H. l.. Offutt, jr.;
Charles c. Rogers and E. G. Yonker.
c. & o. to Offer Stock Rights.
The. directors of the Chesapeake &
Ohio Railway Co. have authorized the
filing of a petition with the Interstate
Commerce Commission asking authority
TO issue and offer to its stockholders at
500 per share. $38,000,000 par value
Of its common stock. This offering will
give its common stockholders the right
to subscribe for one new share for
each four shares held.
The offering is dependent upon APP
proval of the l. C.. c. and will not be-
come effective until after present
shareholders of the Hooking Valley
Railway Co. have had an opportunity
of exchanging their shares for stock OF
Chesapeake & Ohio in accordance with
the recent order of the I, G. c..
Additions to Broker Staff.
The personnel of the local Office of
Stein Bros. e. Boyce has been increased
by the addition of William II. Donohue,
formerly with j. s w. Seligman & Co.
of New York, who is now associated
with the investment department, and
Mrs. Benjamin B. Cain, jr, formerly
with Harris 81 Vose, in the stock de-
partYnent.
Continuing the gain made in Feb
Fuary, when January decrease in the
volume of new business was transformed
into an increase for the first two
months, new life insurance purchases IN
March advanced as per cent above the
figure for the same month year ago
according to report of the Association
of Life Insurance Presidents.
Cleaned in Financial District.
The directors Of the Atlantic Coast
Line Railroad have declared the usua
extra dividend of $3.50 and the regular
semi-annual payment of $3.50 per share
on the common stock.
The frst 10 trial installations of tbs
"Trafilator," the traffic control system
designed by the Miller Train Contro
Corporation. have been approved at thu
expiration of the various trial periods
and payment ordered by the Variou!
municipal authorities Millers manu-
featuring ltcensee, the Grouse Hind'
Co. of Syracuse, reports wide increas'
in inquiries.
The Great Atlantic and Pacific TIE;
Co. reports sales exceeding $l,000000,
600 for the fscal year ended Februar.
%, the first time that mark has beer
passed in its ~ years of existence. Ne
profits totaled S26,2l9,63l, equal Il
Sll78 a share on the outstanding
2,073.o16 common shares after pre-
ferred dividends.
Eliot II. Thompson of the Washington
Loan e. Trust Co. will address student
of the Raymond Riordan School thi
evening on The Craftsmanship O
Service"
Yesterdays reelection of officers o
the Washington Gas Light Co. wa
pleasing TO the financial district. Rober
D. Weaver, George M. WhitWell, Rich
ard A. Ennis and their associates hay
rendered long service TO the company.
--s---
POTATO MARKET.