Evening star., 1924-11-19
THOMPSON AGAIN
HEAOSEXCHANGE
Other Officers Also Elected at
Meeting Today-0ther
Financial Doings.
BY .CHAS. y. SHAEFFEE.

BY .CHAS. =. SHAEFFEE.
Eugene f.. Thompson, head ~
Crane, Paris & Co, was today -.
elected president of the WASHINGTON
STOCK Exchange at the annual meeting :,
VI meihpefs. Today'S action marks,
,i 1ne seventh successive year M
thompson has received this honor.
*. T.. Claughton was named Vice
president and John l.. Edwards was
reelected secretary. George O. Wal- =
son was renamed treasurer for the en-
suing year. ~
"A governing committee was also q j.
pointed. consisting OF W. y. IIihbs.
George o. Watson. John l.. Edward
=, =. Glover, jr.: r. l.. C1auehton aiId
charles j. Bell, with the last named
aS chairman of the committee.
Gas Stock strong To-day.
Today.s session was rather dull the
only bright feature being continued
strength i'll Capital Traction stock
| 1his issue sold TO the extent of ~
shares ut 93i., the peak of the present
movement
Washington Gas stock was strong in
limited trading. 10 shares selling al -.
but Lanston sold off TO 7712, after OPEN
; ing half higher McrgenthalaT. was
traded in at 1674. and CommercimT
National Bank was fractionally high
er at l41l2. Ten shares of Farmers
! and Mechanics National Bank sold
at 242
Bond trading was light at un-
changed levels.
Walker Firms Name Officers
The annual meetings OF the Allan
T.. Walker Investment 90. and Allan
L. Walker and Co. Inc, were held
today at the company officers in the
Southern Building.
Allan
president of both affiliated companies.
Leroy Gaddis, jr., formerly secre-
ry-treaSurer, was made vice preSi-
| dent; j. T. White, manager Of the
loan department, was elected secre-
tary-treasurcr
w. Edgar Leedy and s l.. Golden
! We're elected directors of both COM
paIleS' the officers also being mem-
bers of the board
Both companies report an exceed
lheIE large business during the past
year. Plans have been made and
are under way for Il PARTICULARS
comprehensive program for the COM:
! ing years, it was said
bankers 10 Meet Here.
| The administrative committee cr
/ me American Bankers Associatior,
| Will hold its annual Winter meetfu.r
| IN this city December IL and 10 ir
! 'N''' oii4''iHttI IOudN Dy w lIiI1n r
Knox. president of the association.
The meetings will take place at tn.
New Willard Hotel
! Arrangements are hCinC made for
! the members of the committee 10
! make calls upon the President Secr.-
tary Mellon, ID. Il. Crissinger, Henry
! NJ. Dawes, the chairmen of the bank
! ing and currency committees of the
! House and Senate and other Govern
1 ment officials. In some cases confer
ences will be held to discuss particu-
lar subjects in which the bankers are
| especially Interested.
| The members of the administrative
| committee are: William T. Knox,
| president BoWery Savings Bank, New.
/ York City. chairman: G. q. CoI!,
vice president First National Bank,
! Portland Greg: Joshua Evans. jr,
| vie" president. Riggs National Bank,
| Washington. u. G.; ". g Gordon,
president Farmers Savings Bank,
Marshall, Mo-; Harry J. Haas.
vice president First National Eank.
Philadelphia. Pa; Alvin L. Howard,
| vice president Hibernia Bank & Trust
| Co. New Orleans, La: X. T. Harding.
vice president Fort Worth National
i Bank, Fort Worth, Tex: Walter w.
! Head. president Omaha National
Bank, Omaha, Nebr.; Edgar J.. Matt
son. vice president Midland NationaI
! Bank. Minneapolis. Mimi: Iucins
| Ieter, president Chicago Trust ca.
| Chicago, H.: Melvin ~ Trayior.
| president First Trust and Savings
| Bank. Chicago, H.: Oscar Wells.
president First National Bank,
| birmingham, Ala.
| In addition the chairmen of tha
| five commissions of the association
and the presidents of the three sec
/ tions Will also meet with the COM
| mittee.
MerGenthaler Dividend
! Directors of the Mergenthaler Lin
! otype Corporation yesterday d.
! ciared their regular quartcly div
! dend of z3a per cent, payable or
december ii to stockholders of re-
/ ord December 3.
| The annual meeting will he held
| in New York today. 1t is understood
! the corporation will announce earn
! ings OF slightly more than is per
cent for the fiscal year 1924, as com
pared with approximately q per cent
earned last year
| Edward j. McQuade, local director.
| is attending the meetings.
Bell Telephone DIVIDEND.
! The quarterly dividend Of s2.s5
per share on stock of the American
| Telephone and Telegraph Co. for the
| final quarter of 1924, will be paid
| January 10, 1925, TO stock of record
! December %, 1924.
| {. & o. Dividend Voted.
| Directors Of the Chesapeake and
J Ohio Railroad, meeting in Cleveland
! yesterday, declared the regular semi
! annual dividend of per cent on COM
| mon stock, payable January ] /"
stock of record December ., and %'=
! per cent regular semi-annual on pre-
| fer-ed, same dates.
Surplus Freight Cars.
| Surplus freight cars in good repair
| and available for use by class ] rail
| roads on November I increased 1I,25N
| to n total of 1t6.44S compared with
the number on october 81, the Ameri-
| can Railway Association states. Nir-
| tually no car shortage is being re-;
| ported. --'
| Hopes for Tax Reduction.
Hope for further Federal tax rsH-l
| ductiou during the next fiscal year Is
| expressed by Garrard E. Winston.
| Undersecretary of the Treasury, in H.,
| statement in the current issue of tho.
| American Bankers Association Jour
! nal. Mr.. Winston says, in part:
| THE burden of taxes must be lights
! ened Per caDita Federal taxes rOS"
! from S32 in 1918 to s54< in 1920; then
| commenced to drop, and have been
| successfully s45, sag, SIS, s29 in the
| last four fiscal years. 1t is estimated
| that for the next fiscal year the fig
| ure will be about ST, and We may
| contemplate further reductions. AS,
the debt is reduced Government exA.
4 l.. l.