The Washington herald., 1921-01-13
SMALL DECLINES
NOTED ON LOCAL
STOCK EXCHANGE
Traction Bonds and Gas
Stock Lead in Active
Session.
BANK ELECTIONS
Many Local and NeighbOring
Institutions Choose Officers
At Annual Meetings.

Trading was furious on the Wash
ington stock Exchange yesterday
morning, when transactions cover
ing $4,000 bonds, face value, and
RS7 shares Of stock were recorded.
Prices as a rule held firm, but small
changes evidcncing declining
market were noticeable.
- CAPITAL Traction per cent bonds
shared honors for market leader
ship with stock of the Washington
Gas Light Company. These bonds
were disposed of to the extent Oh
SIC, 900 in ten equal sales, register
ing a decline of Il point. The
first $4,000 sold at S6I4, dropped to
S6 on the next sale, and declined to
S5Si on the remaining five sales.
General mortgage bonds of the
Potomac Electric Power Company
were traded in to the extent OF
$1,000 at prices from 91b to 9l&.
\ small transaction in Washington
Gas Light bonds at 73 and in Rail
way Is at 5STs was also recorded.
Sales aggregating 10 shares of
Washington Gas Light stock were
recorded, this security dropping
from 38K to 3S. Fifty shares of
Capital Traction caused a decline
Of Il point. opening at S3l2, with
Sc recorded as the closing quota
tion, made after call. Railway pre-
ferred stock held steady at 5ll4'
and LanstOn MOnOtype sold to the
extent of 12 shares at T4la.
Because the second Wednesday in
December camC before the second
Tuesday. the directors Of the Po-
tomac Savings Bank had their
board meeting in January, this talk
ing place yesterday. EEe following
o GERS were reelected: G. W.
OTutt. president: AShonse NJ. Baer,
vice president: +. \. Bowles, cash
ier: Z. II. BOgley: secretary; H w.
Ohutt. treasurer: George W. Offutt,
jr.. attorney.
The directors of the Second Ma
tional Bank met yesterday and or
ganized, the following officers be-
ing chosen for the ensuing year:
t'uno H. Rudolph, president; Samuel
J. Prescott, vice president; John c.
Eckloff. vice president; Victor B.
Dcyber, vice president and cashier;
Jacob Sc arf, auditor ". W. Mar
low, assistant cashier.
At a meeting of the directors of
the Standard Savings Bank the fol-
lowing officials were reelected: y.
<. Gardiner. president; J. ROzier
BiEgs. vice president; Z. D. Will
Jams. vice president; D. s. Venables.
cashier. and william E. Richardson,
general counsel
There was a meeting o. the stock
hoIders Of the Exchange Bank OF
Washington yesterday afternoon
from IL noon to p. M, followed
by a directors meeting from
o'clock to 6 p. m.
The directors for the coming year
are N. f. Buckley. DR.. H. VI. Dixon,
J. F. Donovan. John T. Doyle. Dr..
Mark +. Finley. John p. Flynn,
- Frank f. GhiseIh Sam W. Henry.
p. T. INLAND. W X. Reeve. A. NJ.
Pizik, DR.. Elmer Sothoron, Walter
Spauls. John +. Schriner and E. w.
Whiteside.
-,Omcers chosen are as follows: DR..
Mark T. Finley. president; DR.. Ell
nler Sothoron. first vice president:
". X. Reeve. second vice president:
Sam W. Henry, treasurer; William
y. Na=el. cashier; Ernest Gersten-
berg assistant cashier.
, The \directors Of the Washington
Loan and Trust Company elected
sfhcers yesterday. John e. Larncr
vas chosen president; A. Parker.
Harry Meem and Thomas Eradley,
vice presidents; II. II. Meem. treas
urer; Boyd Taylor. {. H. Doing and
charles r. Grant, assistant treas
urers; Thomas Bradley, real estate
I
counsel. J. J. Edison is to be chair
man Of the board of directors.
The election of the officers Of the
National Metropolitan Bank yester-
day resulted in George W. White
being selected for president; O. H.
P. Johnson, vice president: A. A.
Hoehling, jr., trust officer: c. +. r.
OEilby, assistant trvst officer: c. f.
Jacobsen. cashier: J. Gales Moore,
auditor: 9. E Bright. A. H. Bed.
ford and 9. l.. Eckofr assistant
cashiers.
The president Of the Franklin
National Bank for the ensuing year
s to be John e. Cochran: Thomas
2. Hickman is to be vice president
s1d cashier and S. II. Thrift and
J. G. Stephenson will be the as
sistant cashiers.
'- Ray mOnd l.. SChrlner was elected
asher of the Union Savings Bank
yesterday. This was the only
change in officers made by the dI-
eectors, all others being reelected.
Directors chosen at the annual
aeeting of the Home Building As
ISOLATION were William *. Reeve,
Pred L. VOEht. r. L, OuigIey. Har-
sey T. Winfield. Morris Hahn and
\. Lynn Mcdowell. They organized
~ electing William T. Gauiher
president: George w. Linkins and
J. Paul Smith. vice presidents; J.
Norris Woodward. secretary, and
Richard E ClaughtOn trras11rar