Evening star., 1925-01-16
BANK STOCKS SOAR
ONL0CAL EXCHANGE
Riggs and Commercial Ma
tIonaI Attain New Highs.
Other Financial Notes.
BY CHAs. p. sHAEFFER

"A sharp upturn in bank stocks
In,ea.urlns new highs, was the high
,nsht or today's trading on the
,"ashington Stock Exchange. An odd
iot OF Riggs National Bank shares
ansed hands at 315, a net advance
of eight points over the previous sale
taDlishing a new high record for
'His issue since new stock was issued
several years ago, while stock of the
-. I'm hInercial National Bank reached
's hlghest level in recent years
Hn ~hen oo shares changed hands at 145.
ooinInercial was offered at the close
oi W the session at 14S, with holders of
Riggs asking 325.
Inc days bullish tone also mad.
itseII felt in the bond department
~here every active issue was traded
IN anoVe par. Potomac Electric So
or 1893 sold at 104, with Gas 6s bring
ing lO1 II. Railway general and re-
Iunding 6s sold at par and half.
while c. & p. Telephone So broupbf
par and a quarter.
washington Gas stock was firm at
o. while National Mortgage and In
Vestment preferred sold at 9%
Riggs Baak Omcers.
Eighteen years service with Riggs
National Bank, beginning with the
iowly position of messenger. had its
elimination for Hilleary G.. Hoskin-
son late yesterday afternoon when he
was elected vice president of the in
sutution. filling the vacancy recently
created by the resignation of Joshua
Evans, jr.
Mr. Hoskinson has filled every bank
posltion leading up to the high of
nee he now holds. His first oficisI
capacity was that of cashier of the
hamilton Savings Bank when the
seventh street Institution was pur-
chased by interests Identified with
Itiggs. Later, upon absorption of
the Hamilton by Riggs, he returned
10 the parent institution. Lately he
as oeen local credit head of the
nank. He Is only 81 years old.
U. francis Rainey. in charge of the
dupont Circle branch of Riggs, was
erected an assistant cashier, filing the
position vacated by Mr.. HoskInson
Rainey will continue at the branch.
ofncers of Riggs reelected fol-
low: Charles c. Glover, chairman of
the board; Milton E. Allies, president;
robert V. Fleming, vice president
and cashier; William J. Flather. C. c.
Glover, jr.: Avon NJ Eevius and
George o. Vass. vice presidents; Earle
NJ. Amick. F. G. Burrough, Nelson B.
ONeal and B. Gwynn Dent, assistant
cashiers; Frank j. Hogan, general
counsel and trust officer; George NJ.
Mckee. assistant trust officer, and l.
j. Hoberts, assistant to the president.
New Cashier at Columbia.
Arthur n. Mitchell has succeeded to
the cashiership of the Columbia Ma
tional Bank. filing the vacancy ere
ated by the resignation of John n
Seitz. An assistant cashier to sue
ceed Mr.. Mitchell will not be elected
at this time. The election proves
popular in District banking circles.
officers of the Federal-American
National Bank reelected for the en-
suing year include w. T. Galiiher
chairman of the board; John Poole,
president; William John Eynon, w
Waller and Charles B. Lyddane, vice
presidents: Charles D. Boyer, cash
Ter; S. Louise Mitchell, William NJ.
Seay and H. H. Shackelford, assist
ant cashiers; William C. johnson, as
sistant to president; Erskine Gordon.
trust officer, and Leon Tobriner, gen
eral counsel.
Made Railroad Director.
Milton E. Allies, president of the
Riggs National Bank, has been made
director of the Raleigh and Charles
ton Railroad. The carrier is a. subsid
iary Of the Seaboard Air Line.
District Nationals Roster.
Formai election OF Joshua Evans
jr., as executive vice president of the
| District National Bank was consum-
mated at the annual meeting of di-
| rectors of the bank yesterday.
Other officers reelected follow:
| Robert n. Harper. president; w. P.
Lipscomb, c. ]. Gockeier and N L.
SansbuTy, vice presidents; Hilleary
l. Ofrutt, tr., vice president and
cashier; William c. LOCKER and Theo-
dore s. Mason, assistant cashiers;
Barnard and Johnson, attorneys:
Wharton E. Lester, counsel and trust
| officer, and B. L. Cotton, assistant
trust officer.
Liberty's Officers Reelected.
Directors of the Liberty National
! Bank reelected the following officers
| this afternoon: George o. Watson.
president; E. ]. McQuade, vice presi-
| dent NJ. F. Calnan, cashier; J. B.
| Skinner, assistant cashier, and T. P
Littlepage, general counsel.
| w. r. & f. Meeting Tomorrow.
The annual meeting of stockhold-
| ers of the Washington Railway and
| Electric Co. will be held tomorrow
shortly after noon, at which time share
holders Of the local utility will hear one
| of the most prosperous reports of
| recent years.