Evening star., 1925-11-18
EDWARDS ELECTED
HEAD OF EXCHANGE
Thompson Ends Service After
Eight Years-0ther FL
nancial Notes.
BY CHtS. +. SHAEFFER.

John l.. Edwards, head of the local
and New York stock brokerage firm
which bears his name. was toduv
named president of the Washington
Stock Exchange. the occa sion beinL
the annual election of officers. He
succeeds Eugene f. Thompson. presi
dent for the last eight years who
withdrew his name upon nomination
today.
Serving with Mr. Edwards for tho
ensuing year will he Richard Clauch
ton, reelected vice president: {. i
Gockeler, secretary. and George O.
Watson who WAS renamed trea Surer.
To Mr.. Gockeler's post, which is
new. was added membership on the
governing committee, u serve for
three years. Governors are named fur
three-year terms, two being elected
each year. Eugene +. Thompson
was the new governor named today
Edward j. Hillyer was named gov
ernor for two years To complete the
term of John l.. Edwards who sue
ceeded To the presidency
Trading on Local Board.
Today's local market presented
diversity Of sales. with public utilire
issues in ma jor demand
Washington Railway ana Electric
preferred established new fracjiuua
high on the present movement with u
sale at % Is. but later easod off 10
the figure that most Of the dav'S Ia
active shares brought Capital Trac-
tinn was firm but uncha nEed Al 1r2f.
as was Potomac Electric preferred
stock AT 104 and 1N4is Gas was firm
At 50 and fraCtionally above
Commercial National Bank achieves
= new high figure when l. share
were traded in At 2oN. double rhejr
par. and Liberty National BANK ais"
strengthened its position by selling ar
2o2 and 2o3. Mergenthaler was srron=
at 1921. with Lanston selling at Sc.
Back Dividend Voted.
Further tangible evidence that the
Interna tional Finance Corporal ton 8
rehabilitation, which had its inception
coincidently with the advent of new
administrative forces a few years ago
, is offered today by the announcements
: that a dividend at the rate of 9 per
cent per annum has been declared or
the preferred issues covering the SIX
months period from July to December
of 1922. The disbursement Will h"
made on December 81 next.
Dividends on the preferred sto, Is.
which Is Of two classes, il cumulative.
| but were suspended the second Qual.
! ter Of l@222, and not resumed until siN
months ago, at which time q declar..
! tion WIS made covering the quarter
/ beginning with April. There are TWO
/ classes OF preferred. namely =" and
/ e" Of which S9o5.10o is outstanding
/ "f the former and S34.7o0 Of the lat
/ ter.
When Ernest L. HerreiI becam"
| president 81 the concern "A few wears
! ago the cOmpanys affairs were in
! deed in bad shape Since that time
! Mr.. Iierreu has diligently refused Ia
allow dividends much to the Chasrin
! of some stockholders until bad in
J debtedness OF several hundred thou
sand dollars was era sed. The fac
! that dividends are now being voted
ausurs well for the present status ii
| the concern,
Stock Offering Tomorrow.
Crane. Paris & Co. will offer to
morrow common stock of the Peoples
/ Drug Stores. Inc. at the present
market price. about $35. Based on
/ the present earnings Of the store
! there is about $40 share applicable
/ to common Tor the Year
/ The common issue bears no par
I and is authorized to sell 0,0OG
shares. 10000 shares of which must