Evening star., 1932-09-13
TRADING IS ACTIVE
!. ON D. c. EXCHANGE.
a.
washington Gas Bonds Lead
!, Market in $50, 900 Turn
-'
over at SO.
BY EDWARD C. STONE.

( tive 81 900 sales, all made at 90, a gain
of one full point over the last sale In
the same bond ISSUE The final sale
was a $4,000 bond. which changed
hands at the same price as the others.
Todays market opened with Wash
tngton Gas IS, series B, selling in $500
denomination at 10ll4. The bonds then
advanced and $500 moved at 1919
Washington Gas 6s, series A, recorded
a $1,000 turnover at 9914. At the end
of the session, Washington Gas IS also
appeared on the board, $500 selling at
10012.
The first stock sale was in Capital
Traction, 10 shares selling at Z. Ten
more shares changed hands at the same
figure. The spread between the bid
and asked prices was reduced today.
the market closing with 61z bid and
712 asked. Yesterday these figures
stood at and 10. In the bond divi-
sion Capital Traction SIS appeared in
$500 sale at 81. up one point from
the last previous sale.
Both Potomac Electric Power stocks
appeared in todays trading. The 5la
per cent preferred sold at 103 and
103l4. The 6 per cent issue moved at
lo7l2.
preferred came out at 81 and advanced
llle Ody W % VII SIlldI.lOt OdtCc
Involving Al shares The last previous
sale in this stock was made at 861a +.
fodays market showing a marked gain
in price strength.
Insurance Men Plan Luncheon.
: The first luncheon meeting of the
Fall and Winter seasons of the New
York Life Agents Club will be held
next Saturday afternoon at lis o'clock
at the Mayflower Hotel.
: The outstanding speaker will be Eu-
gene E. Andrews, agents counselor at
large of the company with offices IN
Chicago. Among other prominent men
of the life insurance fraternity who will
speak will be L. Seton Lindsay, vice
president of the New York Life: Will
liam H Danforth. chairman OF the
board of the Ralston-Purina Co., and
willard v. King. both directors of the
New York Life; F. S. Munsell, inspector
of agencies in the Atlantic department:
Harry ]. Kinks, agency director. New
York Life in Baltimore; D. j. Lynch,
agency director in Poughkeepsie; w. E.
Ridgeway, agency organizer IN Baiti-
more; Earl D. Krowson. agency director
in Washington: George w. Rothkop1
and F. Turner Munsell, both Of Wash
1ngton.
The committee in charge Is composed
Of David Samakow, Chairman; RaiPn
ClCrlanO, Loren l.. CluSteI, fHdiAh y.
Sobotka and Sidney Simon.
Railroad Incomes Compared.
: Glass railroads of the United States
For the first seven months of 1882 had a
net railway operating income OF S123,-
s26, ,226. which was at the annual rate
of return of 092 per cent on their
property investment. according to re-
ports Just filed by the carriers with the
Bureau of Railway Economics. In the
first seven months of 1881, their net
railway operating income was $751;
464, ,734, or 220 per cent on their prop
erty investment. >,
Glass ! railroads in the Eastern as
trict for the first seven months In 1857
had net railway operating income OF
$lO3, ,323,854, which was at the annual
rate of return of 1.54 per cent on their
nronerty investment. For the same
neriod in 1881, their net railway oper-
ating income was S162 963, ,058, or 2.43
per cent on their property investment
Glass l railroads in the Eastern DIS
trict for the month of July had a net
railway operating income OF s9.7o5,9oV'
compared with S24, 1852, ,689 in July, 1881.
wcman Bankers Boost Education.
The members of the Women's Com
roittee of Washington Chapter, Amer
ican Institute of Banking. aroused mucn
interest in educational courses at the
annual dinner held last night at the
Hotel Roosevelt.
, Mrs. Gertrude C. Wick. Liberty Ma
tional Bank, chairman OF the commt-
tee presided at the meeting, which
was addressed by Miss Mabel Strlder,
personnel director, National Geographic
Society; Richard A. Norris, an assist,
ant cashier of the Lincoln Natlonal
Bank and president OF washington
Chapter Of the institute: Robert h;
Lacey, cashier, Columbia National
Rank first vice president of the chap
ter and chairman of its Educational
Committee; Robert E. Lee. an assistant
cashier of the Lincoln National Bank
and chairman of the chapters Member
Shin Committee and Raymond B.
Dickey, dean of the chapters faculty.
Tomorrow evening Washington Chap
ter will have an open Fall meeting at
the Willard, when certificates for WORK
completed last June will be awarded
and many prizes awarded for special
merit in different classes. DIR. George
L. Farnham will be the chief speaker.
Riggs National Votes Dividend.
The board of directors of the Riggs
National Bank has declared the regu-
lar semi-annual dividend of 71a per
cent, payable on October Is to STOCK
holders of record at the close Of busi-
ness September 30. The meeting was
held yesterday afternoon.
The local New York Stock Exchange
Offices were crowded to the doors at the
opening today, both traders and IN
vestors being anxious to see what the
market might do following the an
- a1ortinn ThPV
saw prices drop sharply at. the opening,
but partially recover later in the after
noon.
William D. Hoover, president OF the
National Savings & Trust Co.. has re-
turned from his vacation at Blue Ridge
Summit. His friends announce that
while away he made a score OF IS on
Monterey Country Club golf course. =.
Frank P. Harmon, vice president OF
the Federal-American National Bank q
Trust Co., is back at his desk from his
vacation. much of which he spent at
Blue Ridge Summit and vicinity.
Other Financial Notes.
The Southern Railway has asked In
terstate Commerce Commission au-
thorization to abandon operation Of the
5D-mile Claremont branch extending
from James River Junction to Clare
mont Wharf, Va, on the James River.
The LOB" ahead is to back up edi.
torial writer's on financial subjects and
help them to expound the principles OF
sound economics, stated James L.
Walsh, executive vice president Of the
Guardian Detroit Union Group, Inc,
in an address before the annual con-
vention of the Financial Advertisers
Association at Chicago. He dwelt upon
the use of financial advertising during
the period of reconstruction.
Wholesale prices as measured by the
index of the National Fertilizer Asso-
citation. advanced two fractional points
during the week ended September 10.
During the preceding week the index
also advanced two fractional points. The
latest index number of 62.7 Is four
fractional points higher than it was q
month ago, and about Ave full points