Evening star., 1925-01-15
CAPITAL TRACTION
REACHES NEW HIGH
Run-Up Today on Local
Board-More Banks Name
Officers for Year.
By CHAs. p. SHAEFFER.

By CHAs. p. SHAEFFER.
A sharp upturn which carried Cap.-
tai Traction stock from it's previous
lethargic level TO a new high figure
on the present market movement
featured trading on the Washington
Stock Exchange. This issue, which
has been selling off and fioundering
around 81 and fractionally higher.
mainly on reports of a poor revenue
year in 1924. today found itself at "a.
That holders OF the issue are opti-
mistic as to the outcome of the re-
valuation suit is seen In the asked
price. which al the close today was
9Ia. Investors at that time were
bidding 93x.
Washington Gas Light stock also
reflected the markets buoyant tone.
a cash sale OF So shares at % being
recorded on the sales sheet. Mergeu-
thaler Linotype sold at 167k, and one
share of Railway preferred changed
hands at 81.
On the investment side OF the mar
ket 81 900 Washington Railway gen
eral SIS brought par and a, half, while
Potomac Electric rs sold for 1917
National Banks Elect.
Practically all national banks in the
District are today naming officers for
the ensuing year. The boards in
nearly every case are scheduled to
meet late this afternoon.
But few changes are contemplated.
At the Riggs National a vice presi-
dent to succeed Joshua Evans, jr., Will
be named, while II is also contem-
plated to advance d branch manager
to the position of assistant cashier
Both elections are we'll defined. but
until concurrence of the board are not
available for publication" The same
condition exists at the Columbia Ma
tional, where the position OF cashier
remains open.
Farmers and Mechanics.
The Farmers and Mechanics Na-
tional Bank this morning named the
existing official roster for the year,
comprised of the following: Harry '
Haynes, preside ent: Robert y. Weaver
and G. l.. Nicolson, vice president,
Harry L. Selby. cashier; Henry w. So
hon, counsel and trust officer; G. 7.
Cropley and Harold W. Burnside. as
sistant cashiers, and Ira W. Hopkins.
auditor.
Extra Dividend Noted.
An extra dividend of : per cent il
addition TO the regular quarterly dis
bursement of 3 per cent was declared
on the capital stock of the Washing
ton Loan and Trust Company al the
annual meeting of the board late
yesterday. The institution is now OF
a definite annual basis of l > per cent,
out will pay II per cent for the year.
Both dividends are payable February
!, to stock of record January rs.
At the meeting for Organization
the following officers were reelected:
John 3. Larner, president; Andrew
Parker. vice president and trust Of
f7cer: Harry 6. Meem. vice presiden,
and treasurer; Boyd Taylor. vic
president and secretary: Charles II.
Doing. vice president in charge o
branch: Alfred H. Lawson, real estate
officer; Charles r. Grant, Fred Nj.
Berthrong and Herbert Poole. assist
ant treasurers; William H. Baden. as
sistant trust officer: IT. Carroll, Grant,
assistant real estate officer, and Arthur
Peter, general counsel.
National Metropolitan.
At the National Metropolitan BanS
Roger P.4IoIlingsworth was added TO
the directorate in the ca paclty OF as
sistant trust officer.
Other officers reelected include
George W. White, president; o. III. T.
Johnson. vice president; Frederick
Dec. Faust, trust officer; c. F. Jacob
sen. cashier: Jacob q. Moore, auditor.
-.
Eckloff, assistant cashiers.
McLachIen Corporation.
The following officers have been re
elected by directors Of the McLachle!t
Banking Corporation for the ensu-
ing year: Lanier z. McLachlen, presi-
dent; Firman r. Horner. vice presl-
dent; John A. Massie, vice presidenJ
and treasurer. and Archibald Nc
Lachlen, secretary and assistant
treasurer.
Firman r. Horner. Col. John McElroy.
Thomas +. Harney, John A. Massie.
Archibald McLachIen, James A. Wat
son. Edwin H. Etz. DR.. Lee c. Corbett,
Lanier P McLachlen, william A. Raw
lings, Henry Z. Bittinger and George
Miller.
District Title Co.
The following directors have been
reelected by the District Title InsuT-
ance Co. for the ensuing year:
Charles G. Allen. Arthur G. Bishor
Joshua W. Carr, Edmund D. Rheena.
Charles W. Stetson, Joseph y. Saun-
iers, Harry NJ. Packard, Alfred Il
Lawson, George H. O'Connor, Ernest
L. Schmidt, Eugene A. Smith, JOSEPH
I. Weller H. L Rust, jr., and William
NJ. Hallam.
Washington Title Co.
Directors reelected by the Wash
ington Title Insurance Company for
the year follow:
Arthur C. Bishop. William T. CALI
her, George T. Hane. Charles "
Stetson, Joseph y. Saunders, Harry
NJ. Packard, Clarence f. Norment. II.
Glenn Phelps, George H. O'Connor, 3
Francis Saul. Ernest l.. Schmidt, Eu-
gene A Smith, Fred Mckee and VII
liam NJ. Hallan.
Lnwyers' Title Co,
The Lawyers Title Insurance Co
has renamed the following directors
for the year: George NJ. Emmerich.
Charles Klndle, Clarence f. Donohoe.
Arthur C. Bishop, George II. O'Connor
Joseph \. Saunders, Charles W. Stet-
son, Eugene A. Smith, Ernest L
Schmidt, Harry NJ Packard, CharleS
H. Bauman, John Shughrue, Julius A
Maedel and William N. Hallam.
Bankers Pick Atlantic City.
The 1926 convention of the Amer
lean Bankers Association will be held
in Atlantic City September 28 to Oc-
tober l, Executive Manager +. y
Shepherd has announced. Headquar-
ters will be IN the Traymore Hotel
while the general sessions will be
held on Youngs Million-Dollar Pier
DAIRY PRODUCTS.