Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-14
BANK front SOLE
TO STAUNTON FIRM
7. {. Booker & Co. New In
yestment House Win Open
Tomorrow.
BY EDWARD c. STONE.

VIII soon make their appearance in a
new bank building in Staunton, Va.
G. g. Loehler, Washington contract.
or and builder, made the purchase for
the Planterss Bank of Staunton; the
well known landmark has just been
torn down to furnish part of the
space for a new Office building and
the materials are now on their way
to the new home in Virginia In it's
day this building had one Of the most
attractive bank fN,nts in the city:
While the price paid for the mate
rails is not announced, IL is considered
that Mr.. Loehler made very clever
move in obtaining them, as it is all
ways necessary to make some sacrR
nee in such sales. The front was Of
limestone, with marble columns at the
entrance. The vestibule, included in
the purchase. had bronze grills, hand
some fixtures, marble floor, vault door,
as well as considerable French plate
glass. The same style of architecture
viii be carried our in re-erecting the,
front. Washington visitors to Staun-,
ton win be much interested in seeing
the old landmark in its new surround
ings.
Directors Declare Dividends.
the board Of directors of the Union
Finance Co., held at noon today, a
quarterly dividend Of per cent was
declared upon the outstanding pre-
ferred stock and 10 cents per share
on the common stock. payable to
stockholders of record on June 80.
This dividend is the twenty-fourth
consecutive quarterly dividend which
the company has paid.
This company, starting in business
six years ago, has made but few
changes in its officers, w. NJ Ward
having held the Office of president
since its organization. He has been
ably assisted in the management by
William Brayshaw. vice president: CT
A. Hurst, secretary; A. NJ. Roth,
treasurer, and Lee D. Latimer. chair
man Of real estate appraisal COM
mittee; additional directors being
James NJ. Place, Francis w. Hill, jr.;
Seton Darr and L. Morgan Johnston.
The company's activities are con-
fined exclusively to the purchase OF
real estate mortgages in the District
Of Columbia, President Ward point
ed out to the directors today that inf
addition to the dividends paid each
quarter, the company has set aside
a considerable fund as surplus and
undivided profits.
New Banking House Opens.
Y.-E. Booker & Co., Washington's
newest banking and investment firm,
viii open for business tomorrow, with
Offices at 1903 H street northwest.
The new firm partners are Y. E.
Booker and George H. Myers. former
members of the firm OF Crane,
Paris & Co. Harry w. Finley will
be associated with the firm as cashier
and ONCE manager and two other
former Crane, Paris employees Myles
II. Quail and Munford Eliis, also have
become connected with the new con.
Germ.
Mr.. Booker was formerly a local
newspaper man and he starts out as
head OF the investment banking COM
pany with the best wishes of his
newspaper friends and his many
banking associates in the financial
financiers in the city and his rapid
ability.
Prices Steady on Local Board.
Prices were steady on the Wash
ington Stock Exchange today on a.
restricted volume OF trading. Po-
tomac Electric Power Preferred came
I out at 1881, the same companys IN
term certificates sold at 1864, Wash
ington Railway and Electric preferred
sold at SS3s and 100 shares of Ma
tional Mortgage and Investment pre-
ferred changed hands at SIS. Ten
shares Of Riggs National Bank stock
brought 49, and is shares OF Cont
/ mental Trust CO. sold at 81. Bonds
'were practically unchanged.
Convention Great Success.
The washington delegates to the
convention OF the American Institute
/ Of Banking at Dallas, Tex, are hav.
ing a rare trip according to. tele.
gram received here and dated yester
| day, the 18th. The message said: Ar.
rived yesterday. Wonderful trip
! Entertainments en- route. Convention
4 opened. this morning. Speeches by
i national officers and other notables
Conferences this afternoon. All proved
interesting. Dallas police ordered tC
arrest all delegates not having good
time. Big Washington chapter din
ner honor women delegates. Hote
Baker roof tonight. Weather cooler
than Washington, d. c."
Telephone Earnings Gain.
American Telephone and Telegraph
Co. had net income of 55,917, $40 fol
| the first half of 1925 after taxes and
4 charges, equal to $6.05 a share on ths
taverage number OF shares outstanding
during the period, against $50, .12s
or $3.50 share, in the first half OF
l1925. The amount of stock outstand
ing in the last half Of the year will b
substantially increased by the com
II a - nj
stock payable from August 3.
Other Financial Notes.
! Leon Shore, local manager OF. the
once Of Eastman, Dillon & Co.. an
nounces that Kemper w. Yancey has
Joined the Washington staff, In the
Transportation Building. The young
man win work In Washington and
Virginia He has been with q Baltt
more firm much of the time since his
il graduation from the University Of Yir
ginia. He was captain Of Virginia
famous 1903 foot ball eleven.
An the Hornblower & Weeks broker
i oiiices throughout the country were
Il closed today out Of respect to the late
John w. Weeks, one OF the founders
4 OF the banking house and whose imam
cial brains had much to do In build
ing up the business to what It 10 now,
| Oficors and Directors Elected.
Il stockholders Of the National Union
lTnsurance Co. OF washington yester'
day elected the following directors for
the ensuing year: Floyd r. Davis. Al
Il bert r. Fox, William r. Galliher, Hol'
conlbe q. johnson. J. Leo Kolb. John
Il b. Iarner, Philip f. Larner, Walter
s. Pratt, r.; B. F. Saul and John G,
Weldon.
q The organization meeting Of the
directors resulted in the election Of
the following officers: Albert r. Fox,
i PRESIDENT: w. r. Galliher and 3. f.
Il saul vice presidents: Philip r. Lar.
II 49,. = I.sSt,,,.Sy. FVflllaf5a n Cnlnaruall