Evening star., 1949-12-19
D. {. Utility Issues
Remain Al or Near
Peaks for Year
Rv Edword G. Stone


By Edword c. Stone
Washington Gas Light issues are
winding up 1e49 practically at
their high for the year. Several
other utilities listed on the Wash
ington Stock Exchange are in the
same position.
Washington Gas Common, above
Is, is close to the years best price
of 253s. Gas $4.25 per cent pre-
ferred, at 104, is at the peak and
Gas $3.50 preferred is very strong
at 1868.
Capital Transit is another stock
near the years top on sales around
23k. Potomac Electric Power COM
mon, most active stock on the list,
with sales above Is, rivals the
years top of 1873. The other Po-
tomac Power issues are equally
strong, the 5000 preferred being
at the 1949 high at 48.
Virginia Electric g. Power COM
mon hit a new high when 1t
changed hands at 20.
District Debaters Win.
Washington Chapter. American
Institute of Banking. defeated
Philadelphia Chapter by a 2-to-l l
decision in the debate Friday night
in the American Security Building
The debaters were William H.
Smith and Hugh Darling, both OF
the Riggs National Bank. The al
ternate was Clayton Doing, Amer
lean Security & Trust. The debate
on outlawing the Communist Party
in the United States was very live
ly, the Philadelphia team being
one of the best in the east. The
judges were Judge Bolitha ]. Laws,
Bruce Baird and Walter Bastian.
Banks Hold Yule Parties.
officers, directors and employees
of the Hamilton National Bank
held their annual Christmas party
at the Columbia Country Club
Saturday night. more than 200
being present. w. j. Waller. pres
ident, presided and w. A. Rogers,
II, spoke for the directors. An
entertainment followed the din
ner but the highlight of the eve
ming was the distribution OF the
Yule bonuses.
The Riggs National Bank held
a Christmas family party at the
Mayf1ower Hotel Saturday night,
over 800 enjoying the annual din
ner in the ballroom. President
Robert v. Fleming presided and
spoke briefly. The program
started with reception and ended
with dancing.
Perpetual Gets Bond Honor.
An award for extraordinary
efforts" in assisting the Savings
Bond Division of the United States
Treasury in promoting sales OF
Series E Bonds during the past
year, was given the Perpetual
Building Association today by
Thomas j. Groom, chairman OF
the D. c. Bond Committee, rep
resenting John w. Snyder, Secre-
tary of the Treasury.
The presentation was made to
Edward c. Baltz. president of the
Institution, in the presence OF
Hugh Lynch, directors OF bond
selling in this area. and was wit
messed by the entire Perpetual
board of directors. The Perpetual
has won national fame for its
newspaper, radio and other adver-
tising urging purchase OF United
States Savings Bonds.
Exchange Plan Announced.
Washington banks were notified
today of an exchange offering Of
11s1 Treasury Certificates. Series
A-l951, dated January /. 1850, to
holders of NV Treasury Certif1-
Gates of Series A-1950 which ma
ture on January /.
Judd c. Benson, president OF
the National Association OF Life
Underwriters, will address the Dis
trict members on January IL. w.
D. Macy III, Phoenix Mutual, has
been elected director Of the Dis
trict Association.
Edward w. Hase, Atlantic Coast
Line Railroad, has been elected
president of the Washington Pas
senger Association.
Buick dealers of the Washing
ton zone met here today for a
preview of the 1850 line Of cars,
shown in films. Norman Kelley,
zone manager, presided.