Evening star., 1939-06-20

u, +. r. Lundell. president
DR.: Lundell received his A. B. de-
gree from Cornell University, 1908,
and his Phi. D. degree in 1909. From
1903 to 1906 he was instructor in
chemistry at Northwestern Uni
versity and until 1917. assistant pro-
fessor at Cornell. He then became
chemist, Bureau of Standards, and
in 1896. was appointed assistant
chief chemist, becoming chief chem
ist in 1887.
Atlantic Coast Bonds Called.
The Atlantic Coast Line Railroad
Co. gave notice today of it's inten-
ton to pay its convertible $50 year
per cent debenture bonds at ma
turity on November l next, when
interest on the bonds will cease.
Anticipating the maturity of these
bonds, the railroad company is noti-
flying holders that on and after
June 20, 1899. they may obtain i'm
mediate payment for their bonds
at their principal amount and ac-
crued interest to the date of presen-
tation and surrender at the Office Of
the Safe Deposit g. Trust Co. of
Baltimore. A total of S4444, 800
bonds of the issue, all registered, are
at present outstanding out of an
original issue of 23072 300.
Joins Trust Company Board.
The American Security & Trust
Co. has elected Louis L. BoWdler a
member of the Advisory Board of
Branches and Advisory Committee
of its Northeast branch, it was an
nounced today.
Mr.. Bowdler is a member of the
firm of Robert BoWdler, long estab-
1ished florists in this city. He is
president of the Society of Natives.
q past president of the Northeast
Business Mems Association and
vice president of the Federation of
Business Mems Associations.
Chapman Touring South.
G. Bowie Chapman. one of the
managers of the Washington Office
of LaidloW & Co.. is on several days
tour of the South with Earnest E.
Norris, president of the Southern
Railway, and several other officials
of the same road. The party is in
Atlanta today and will be back in
Washington tomorrow.
Ord Preston, president of the
Union Trust Co., is in New Haven
Conn, attending the commence
ment exercises of his class reunion
at Yale.
George P Barse, chief of the legal
division of the controller of the cur
rency's Office, has been awarded the
honorary degree of Doctor of Laws
by National University He was at
ont time assistant corporation coun-
sci in the District and is a graduate
of George Washington University.
Clagett's Death Is Shock.
The death of Charles T. Clagett.
who has been prominently con-
nected with the Chesapeake & Po-
tonac Telephone Co. for about 40
years, caused universal regret in the
financial district. He was very
widely known among bankers and a
great favorite.
Until this year he had almost
never missed the bankers annual
convention. His death caused a
shock as few of his friends knew
that he was seriously i'll.
The list of honorary pallbearers
for the funeral at St. Adams Epis-
copal Church tomorrow includes
several of the citys leading f1nan-
cleys.
Exchange Trading Active.
Trading was lively on the Wash
ington Stock Exchange today, the
first sale being in Potomac Electric
Power per cent preferred which
moved at 115A.
Mergenthaler Linotype opened
with 23-share sale at 20, two more
sales taking place after call at the
same price.
Washington Gas common came
out today with IS shares moving at
30A and 20 more at 80.
Washington Railway e. Electric
Is led the bond division, two $100G
and one $4,000 transfer taking place
at 10SA. Washington Gas SIS were
strong at 1271a.
The Executive Council of the Dis.
trict of Columbia Building ano
Loan League met this noon at the
Raleigh Hotel. Plans for the an
nual outing we're approved Edward
c. Baltz is chairman Of the Outing
Committee.