Evening star., 1926-10-29
EARNINGS OF PEPCO SHOW GAIN
FOR SEPTEMBER OVER AUGUST
w. R. q E. CO. Income for the Month Be-
low Preceding Period, However.
Due to Larger Deduction.

because Of installment buying, has
been a great factor in keeping the
price Of automobiles where it is, cash
buyers as we'll as installment buyers
getting the benefit Of prices which
the industry calls moderate.
H.. Leith Names Committee.
T. Hunton Leith, president of the
local institute chapter, has named the
committee which will arrange the an
nual theater party. one Of the year,
young bankers. The date has no,
been fixed. The committee includes
Harold w. Burnside, Farmers and Me
chanics National Bank; r. Jesse
Clancy, Commercial National; B. L.
Cotton and w. w. Lissowitz, District
! National Bank: III. II. Darneille and
Miss s. Winifred Burwell, National
Metropolitan Bank; John NJ. DeMarco
Seventh Street Savings Bank; John r.
Fletchell, Potomac Savings Bank; Miss
Catherine Krieg, Riggs National; Rob
ert H. Lacey, Columbia National: Miss
Mabel V. Royce, Washington Loan
Trust Co.; Alfred w. Sherman. Amer
lean Security & Trust Co., and A. NJ
Schiller.
Insurance Business Good.
Representative Frank r. Reid, head
of the recently organized Great North
ern Insurance Co. of Washington, re-
ports that his company is building up
a large business. He believes the first
month has shown that there is a good
field in Washington for more auto
motive insurance. The new concern,
which has offices in the Denrike Build
ing, 1910 Vermont avenue, is owned
by local stockholders.
Local stockholders of the Southern
Railway are receiving a letter from
President Fairfax Harrison announc-
ing special meeting for November
18, when the offer Of 100000 shares
Of common stock to shareholders will
be voted upon. Stockholders will
have the right to subscribe to one
share of the new stock for every IS
shares they now own.
1t Is reported at the head Offices of
the Seaboard Air Line that the rail-
road has earned $3.50 on it's preferred
stock during the first nine months of
the present year.
Bank Elects New Director.
At the meeting of the board of di.
rectors Of the District National Bank
yesterday Robert l.. O'Brien was elect
ed to the board, President Robert n.
Harper announced today. Mr.. OBricn
Is widely known in the real estate
business. He was really one OF the
founders of the District National
Bank, serving on the board for some
time. and resigning on account Of
pressure of other work. He has now
returned to the fold, filling a vacancy
which occurred several weeks ago.
Personal and Other Notes.
Howard Moran, president of the
District Bankers Association, is ex-
pected to reach Washington tomorrow
and will be back at his desk at the
American Security and Trust Co.
Monday. Part of his trip home has
been strenuous, as his ship, after
passing through the Panama Canal,
ran into one of the recent Southern
hurricanes.
President Wade II. Cooper of the
Continental Trust Co. is spending the
week end in New York City.
Otis A. Glasebrook, one of the part
ners of G. M. p. Murphy & Co.,
arrived today for a brief visit at the
company's local office.
5. w. Straus & Co, announce that
permanent 6 per cent first mortgage
bonds may now be exchanged for in.
terim receipts outstanding on Ameri
can Insurance Building. Columbus
$4,000, 900; Builders Building, Chicago,
IS 600, 900: Medical Arts Building, Chi
cago, 81 2.950,0O0
Joseph f. AIaury of Memphis
Tenn. has been elected president of
Piggy Wiggly Stores, Inc, and of the
Piggly Wiggly Corporation, the hold
Ing company succeeding G. p. Smith
J. X. Peters succeeds j. n. Staples as
general manager.