Evening star., 1936-10-19

urally ran very high and was ex-
tremely interesting to visitors. The
next day the Bourse was closed. re-
manning so until alarm over devalua-
ton had passed.
Mr.. Perley also visited the London
exchange which he also found highly
interesting. In order to go onto the
floor of the London exchange, he had
to wear a tall silk hat. A London
friend borrowed the proper regalia
for him and he got in by the high
hat" method He also looked in on
the exchanges in Brussels and
Amsterdam, but not under quite such
unusual circumstances.
Directors Advance Walden.
Directors of the Federal Reserve
Bank of Richmond have appointed
John S. Walden. jr., to the Office Of
first vice president of the bank for
the period ending February %, 141,
approval having been granted by the
governors of the Federal Reserve
System, Chairman Frederic A. Delano
announced today. He was formerly
vice president.
President De Emmett Bradshaw of
the Woodmen of the World Life In
surance Co, which has an Office at
F701 Georgia avenue, announces that
new business this year is sure to break
all records. The usual yearly quota
was written in the first six months, he
says. President Bradshaw added that
the Board Of Directors is now consider
ing a proposal to issue loans on real
estate through the Federal Housing
Administration.
S1,019,060 Land Bonds Called.
The Virginia. Carolina Joint Stock
Land Bank of Norfolk, Va, has an
nounced the calling of a total of ST.
O19.060 of per cent bonds due 1912,
1853 and 1856. The bonds are re-
deemable at par on presentation at the
Chase National Bank on or after No
yember l, 1896
simultaneously with this announce
ment, Webster Kennedy & Co., Inc,
and G. Mp Murphy & Co. are offer
ing $1,OO0,O0O of per cent bonds of
the institution, due November /, 1941,
optional 1888, at 100. This ref1nanc-
ing, together with that in August, re-
suits in net saving to the bank of
$32,750 year in interest charges.
Market Interest Holds Up.
Interest in the New York stock
market remains at high pitch, judg-
ing by the attendance in the local
brokerage Offices. Monday morning
found traders and investors eager for
the starting of the translux. They
witnessed an unusually good opening,
with trading very lively and prices
higher in many issues.
Brokers report that there has been
q large amount of foreign buying in
the American markets during the past
few days. They consider this and
continued good business reports as the
main reasons for the strength in the
Wall Street quotations.
1t was reported in the financial dis
trict today that the Securities Ex-
change Commission will take no part
in the move started by some New York
Exchange members to extend trading
hours from to pm. 1t Is up to
the exchange to regulate its own hours,
S. E. c. officials say. It is doubted
If the six-hour session plan will be
adopted.
New Peaks on Exchange Here.
Mergenthaler Linotype reached an
other new high mark on the Wash
ington Stock Exchange today when %
shares sold at 5434. Washington Gas
IS, 1860, also hit new 1885 peak al
125, up half point from the last
previous sale.
Anacostia & Potomac r. r. IS sold
at 76 and 75ka, so shares Of Riggs
National Bank preferred came out al
102 and Potomac Electric Power 51z
per cent preferred changed hands al
1922.
Indications point to continuation
of the upward trend of the business
cycle, irrespective of the results OF
next months election, says the United
Business Service in its current report
Except in areas which have been af-
fected severely by this years drought
business will continue to show sharp
gains over 1885 resultS during the
fourth ullarter. y