Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-20
WASHINGTON GAS
WILL ISSUE NOTES.
So, 0OO, 900 in Bonds to Yield
Az Per Cent Interest.
Will Pay Off Loans.
By EDWARD C. STONE.

Directors of the Washington Gas
Light Co. today voted to put out o
100000 issue of Az per cent gold
notes.
It win be a short-term issue, as the
notes will be placed on the market on
December ! and be retired in 1888, ac-
cording to announcement by the presi-
dent Of the company, George A. q.
Wood.
The interest will be payable semi
annually on April l and october l in
Washington and New York. The gas
company assumes payment Of the II
per cent manageable tax, which means
that the notes will yield the full AZ
per cent.
The $3,e00,ooo notes are redeemable
In whole or In part on the first day OF
any month on 80 days notice at l001a
and interest through october /, 1881,
and thereafter through October l, 1882,
at 1904 and interest, and thereafter,
prior to maturity, at 100 and interest.
The notes will be issued In coupon
form In denominations of 81 900 and
registerable as to principal only; the
Chase National Bank of New York
being the registrar.
The issue has been authorized by the
Public Utilities Commission of the Dis
trict of Columbia, the purpose of the
Cured by extensions and additions to
the properties and to provide funds for
additions and extensions, either con-
templated or under way, and for other
corporate purposes,
This is the first financing done by
the washington Gas Light Co. In sew
eral years.
Voorhees, Insurance Club Head.
Aubrey ]. Voorhees,, manager of the
Aetna affiliated companies, was unan-
1RnousIy reelected president for a sec
ond term at the annual meeting Of the
Insurance Club Of Washington, held
yesterday at the Hay-Adams House.
Elmer L. Mantz, vice president-treas-
urer Of Edward p. Schwartz, Inc, was
again elected vice president, this being
his second year in this office.
Donald Gerow of the H. L. Rust
Co. was also reelected for his second
term of Office as treasurer.
F. d. Sears, manager Of the Great
American Indemnity Co., was elected
secretatry to succeed Henry A. Latimer,
who had served the club many years
most efficiently in this Office.
The terms of three members of the
board IT trustees expired and Lewis A.
Payne. vice president of Ralph w. Lee
g. Co.; Eugene Young Of Young &
Simon and Dallas HobSon of Shannon
q Luchs were elected to NIL these va
eancieS.
In q condensed annual report Presi-
dent Voorhees, summed up the activities
OF the club during the past year.
New Issue Put on Exchange.
The new $225,000 issue Of Columbia
Country Club 20-year 51z per cent gold
bonds was listed on q when-iSsue basis
on the washington Stock Exchange to-
day. This is the first listing under the
new fiscal year, which began yesterday
The new issue Is due December, 1850,
and was quoted on the Exchange today
at 100 bid and 1O1h asked. The issue
was offered recently by Y. z. Booker &
Co. and was quickly oversubscribed.
Capital Traction reached a new ALL
time low today, when it dropped to
1914, only fractionally under recent
sales. Only IA shares sold at that fig
ure, 10 more selling at 4915 and SO
Fifty shares of Mereenthaler Linotype
sol, at 80 and five shares of Railway A.
Electric preferred sold at 90. Potomac
Eiectrlc rover 5h per cent preferred
Bonds were in fairly good demand at
recent price levels.
Financial District Notes.
american Telephone - Telegraph Co.
mas declared the regular quarterly divi-
cent o. $2.25 payable January IS to
stock OF record December 20.
the Security Club Of the American
security q Trust Co. installed its newly
elected officers at meeting and dance
neld at the Willard Hotel last nicht-
damn Faber, auditor Of the institution.
addressed the meeting. Oficers in
steuea were: Edward e. Cissel, presi-
dent; Miss Dorothea Wassmann. sec
retary; Miss Lucille Forbes. treasurer.
ano the following board of governors:
=: Alien Shermer, main office; Henry 2.
Kimbau, retiring president, central
branch: Leonard A. Clark. Northeast
branch, and Gilbert F. Murphy, South
west branch.
O1ncers Of Washington Chapter.
American Institute Of Banking. reported
yesterday that the chapter now has Asa
active members and IA SUSTAINING
members, total Of 6l2 and an in.
crease o. 70 over November Of last year.