Evening star., 1943-01-22
i 81 4
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SOuIIl CdTOllld -------- --Zf q
War Stamp Conversion Urged.
During the past 20 months tht
bankers of Washington have sole
between 65 and 70 per cent of The
total of Series E, F and G bonds
marketed in the District of Colum.
bia, according to report made tt
the District Bankers AsSocia ton by
Hugh Lynch administrator of the
United States War Savings Bono
Committee. Bond sales during the
period reached a total of nearly
S120,000,000, of which S85 100000 was
sold during the calendar year 1912.
In the light of these figures, the
committee has asked for special aid
in the current Stamp Album Clear
ance campaign. The Treasury has
distributed nationally approximately
100000 900 War stamp albums, only
100000 900 having been filled and
converted into bonds.
Of the rest, 100000 are esti-
mated to be in the hands of banks,
post Offices and building and loan
ASSOCIATE The balance of 300
100000 presumably have been placed
in the hands of individuals, perhaps
100,000,000 being partially filled with
stamps.
Bankers here and elsewhere are
being urged to stress the importance
Of getting all these albums filed and
converted into bonds In the next
six weeks.
Gas Bond Issue Planned.
The Public Utilities Commission
has set February l as the date for
q public hearing on the application
of the Washington Gas Light Co. to
issue S4,750,000 refunding 3ai per
cent mortgage bonds, maturing in
1868.
AS the company plans to sell the
bonds to insurance companies in
stead Of by public sale, officials have
asked that the usual competitive
bidding be suspended. It is under
stood that the bonds will be sold to g
half dozen insurance companies.
The company intends to use the
proceeds to pay S2,500,000 in notes
held by banks and to redeem 81.
240,000 bonds. due in 1856, which are
paying Al per cent.
Southern Starts Bond Drive.
The Southern Railway System i.
launching on February l 15-day
all-out drive for 100 per cent EN-.
ploye enrolment in the payroI
allotment plan for the purchase O.
war savings bonds, it was an.
announced today by r. w. Writ, as
sistant vice president and cam.
paign chairman.
Ali details were agreed upon at E
meeting here yesterday of the road,
officials, Treasury representative.
and representatives Of labor organ.
izations connected with the South.
ern.
Larson at Officers School.
Donald w. Larson, secretary oi
the District Bankers Association
who is now in military service anc
has been stationed at Camp Lee, Va.
for several months, is attending the
officers training school at GrinneI
College, Iowa. He made brief stoE
in Washington on his way to The
new assignment.
John Saul, executive vice presi.
dent Of the American Security &
Trust Co, who has been in military
service for several months, has beer
made a lieutenant colonel He i
stationed in the Pentagon Building
Institute Head Promoted.
David Z. Simms, president of tht
American Institute of Banking, ha
been advanced from acting aSsistan
manager Of the Salt Lake Branch o
the Federal Reserve Bank Of Sal
Francisco to assistant manager.
Albert L. NeyeauX and Isidor Bren
Of the Washington Office of tn
Fidelity Mutual Life Insurance CT
are listed by the head Office a
among the top 1912 producers Il
the whole country.
Transit Reaches New High.
Capital Transit crossed 80 toda
for the first time in many years. J
shares changing hands at 30i4. TIL
market closed with 80 bid an
81 asked.
Riggs National Bank commo
stock was in demand again today
eight shares moving at $50, un
changed. The closing bid was "a
with $50 asked