Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-03

are still at a low ebb, and the increased
cost of petroleum IS certainly not
favorable sign, with crude selling at
212 cents barrel"
security markets, DR.. Miller says that
latter a moderate furry following the
favorable reception, of the Hoover mora
forum plan for war debt payments,
there has been a mild reaction and the
bears have resumed the attack. Both
stock and bond prices have, however,
held fairly well the gains made at the
time the Hoover plan was announced.
Business indices will probably con-
tinue to record slight fluctuations, but
there is little prospect of a pronounced
npturn before october or November"
John b. Larner Has Birthday.
President John B. Larner of the
Washington Loan g. Trust Co. is observ-
ing his birthday anniversary at his
Summer home at Mifflintown, Pa. where
he has spent much of his time for sew
eral weeks. For many years MI. Larner
has been one of the busiest hnanclerS
in washington, but reference to who's
Who" shows that he has not confined
his activities to banking by any means.
He has found time to give his attention
to an amazing number Of other interests.
Mr.. Larner has always been a deep
student of languages, and years ago
gained national prominence by trans.
latino into English q Life of Napoleon"
written by Alexandra Dumas. This
translation is now to be found In all
the leading libraries in the United
Before entering banking. Mr.. Larner
graduated from the George Washington
Law School, was admitted to the Dis
trict of Columbia bar and practiced law
here for long time. In 1921 ana 1877
he was president of the DISTRICT
Bankers' Association. After several
wears service as vice president and gen.
eral council of the Washington Loan q
Trust Co. he became president OF the
institution in 1917.
He is chairman of the board Of
trustees of George washington UNI
yersity. trustee of Princeton Theological
Seminary, washington Public Library,
Washington Humane Society, president
of the board of trustees OF the New YORK
Avenue Presbyterian Church ana
trustee or treasurer in several other i'm
portant institutions, such as the Column
bia Historical Society, Red Cross and
John Dickson Home. For nearly 10
years he was member OF the WASH
ington Board of Education. Only
recently he was given an honorary oe-
gree by George washington University
in recognition of his services to higher
education.
Local Insurance Men HonOred.
Word has been received from the
American College of Life Underwriters
at Pittsburgh that four washington
men have been awarded the G. l.. U.
certificates after passing the special ex-
aminations. The examinations were
taken by SCI candidates, representing
ISL cities and towns in 81 States and
the District of Columbia, British Guiana
and Cuba.
The American College Of Life Under
writers. which awards the c. L. u, was
established by outstanding leaders In
the life insurance vocation for the
three-fold purpose of Cd encouraging
and fostering training of students IN
educational institutions for the career
of professional life underwater, Cd CO.
operating with educational institutions
in general life insurance education and
80 recognizing properly quailneo me
underwriters with professional ceslgha-
ton.
The washington men honcred are
Carl S. Dow. Northwestern Mutual Life
Insurance Co.; Joseph A. Mari, State
Mutual Life Insurance Co.; Earle w.
Sapp, New England Mutua Life 1nsur-
ance Co, and Paul D. Sleeper, Aetna
Life Insurance Co.
Washingtonians who already hold the
C. l.. U. certificates are Maynard G.
Burrell, James A. DeForce, H. Cochran
Fisher. Frank D. Roach, Dwight T.
Scott and H. Lawrence Choate.
Today's Trading On Exchange.
The Washington Stock Exchange
opened the weeks trading with sales
in the bond division, 81 900 Washington
Gas SIS changing hands at 1868. The
next sales were in Washington Railway
& Electric As at SO.
Potomac Electric Power per cent
preferred stock sold at 114A and the
corporations So per cent preferred
came out at lt212.
Merchants Transfer & Storage COM
mon registered a sale at 95 and 100
shares of National Mortgage d Invest
ment preferred sold at an.
Two 1O-share sales of Security Saw
tngs & Commercial Bank stock were re-
corded at AS.
After call, seven shares Of Mergen-
thaler Linotype came out on the board
Washington bank. .clearings: $685.
S73.46. .......-
,'.'..t.
Cleaned In Financial District.
-. George o. Vass, vice president and
cashier of the Riggs National Bank. has
gone on his vacation, and Hilleary @.
HoSkinson, another vice president, is
back at his desk.
Vice President Howard Moran of the
American Security & Trust Co., was
back at his desk today after a months
vacation. Secretary F. p. H. Siddons
!, OF the same bank has been back for
! several days.
Richard Hatton, financial editor OF
the washington Herald, Is taking his
( annual vacation, spending the time In
/ and around Washington. In addition to
= being q lrst-claSs newspaper man, Mr.
!. Hatton is a graduate of Princeton Uni
:. versity and has very wide circle OF
friends in the financial district.
L. w. Todd, manager CT the local Of
fee of Hartman 81 Co., is back from
his vacation, which he spent fishing at q
resort about $50 miles above Toronto
Canada. Jesse l.. Suter, Of the same
brokerage house, is also back from q
yachting trip down east. 1855.
say about the bank stock market: 'The
bank stocks gave Q good account Of
themselves during the past week In
view Of the weakness on the big board.
While there was little activity and price
fluctuations were marrow, leading issues
displayed an undertone Of quie'
strength Closing prices In most in
stances were little changed from 9
week ago.