Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-03-10
TT. SCHNEIDER, JR.,
GETS HIGH POST
Elected Treasurer of Con-.
tlnentaI Trust Co.-Trad-
ing Here Is Steady.
BY EDWARD c. STONE.

BY EDWARD e. STONE.
L. FRANKLIN Schneider, jr., has been
elected treasurer of the Continental
Trust Co. by the board of directors.
according to announcement made to- ,
Gay by Wade H. Cooper, president
Of the bank. -
Mr.. Schneider was born and reared
in washington, fitted for college a
central High School ana was grad
uated from the University of Penn
sylVs MIA. He was engaged in the.
banking business for a time in Texas.
and Is former cashier of the Com
mercIai State Bank Of Dallas Hen
mas also been a national bank ex-
&nliner
The Continental's new treasurer is-
vice president of the Cairo Apart
ment House Co, the Florence Court p
Apartment House Co, and the Wood.
ley Apartment House Co. He is
member of the Board of Trade, the
Racquet Club. the Psi Epsilon col
lege fraternity ard the Congressional
Country Club.
Trading Is Steady. 20.
Today's trading on the Washing
ton Stock Exchange was of moderate
volume and at comparatively steady
price levels. In the bond division
City and Suburban 5s sold at $50.
Washington Railway and Electric A.
changed hands at 81 "a, while Potomac
Power Is went at 1862. .
Stock of the Capital Traction Co.
sold at 1872, which was a half point
above yesterdays market. Potomac.
Electric Power preferred stock opened
at l07 and sold later at 107A. Seven
shares of Union Trust Co. stock was
purchased at 233. Merchants Trans
fer and Storage preferred sold early in
the session at 10012 and later lost
half "a point when 80 shares were
bought at par.
Thirty shares of Columbia Title In
surance Co. changed hands at 9la,
while 10 shares of Mergenthaler Limo
type were traded in at 108, the same
as yesterdays levels.
Shaeffer Leaves Star.
Charles p. Shaeffer has resigned his,
position as financial Editor Of The
Star TO become the local representa-
tive of Mackubin, Goodrich g. Cos
Baltimore bankers, who are planning
TO open a branch Office here in the
near future. This firm, which has
been in business over % years. does
underwriting in addition to dealing
in bonds and stocks and Is member
Of the Baltimore and New York Stock
Exchanges. Before entering the
newspaper field Mr.. Shaeffer obtained
much of his financial training with
Alexander Brown & Co. He will spend
several weeks in the Baltimore office
to become thoroughly familiar with
his new employers methods and then
open the Office in this city. MIR!
Shaeffer has host of friends in the
til -
every success in his new venture.
Bond Offerings Today. .
Alexander Brown & Sons and the
Bankers Trust Co. are offering today
100000 Federal Intermedia te
Credit Bank 412 per cent debentures
due serially June Is, 1926. to Janu
airy Is. 1927. 10 yield $50 to 800 per
cent. according to maturity. These
notes are issued by the ~ Fedora
intermediate Credit Banks. each of
which is primarily liza BILE for the pay5
ment of interest and ultimately for
the payment of any debenture issued
by any other intermediate Credit
Bank. These banks are under the
direct supervision of the Federal
/ Farm Loan Board
| Huebner Will Speak.
| y. +. Ellsworth. president of the
| District Underwriters Association
! announces that DR.. S. s. Huehner
professor of insurance in the Whar-
/ ton School Of Finance, University o.
| Pennsylvania, will be the leading
| speaker at the associations dinner
| tomorrow evening at 6 o'clock at the
. Raleigh Hotel. His subject will BIG
THE Life Value of Life Insurance. :
Il ~ u
economist and the author of several
we'll known books. Many people ir
| Washington financial circles who are
not directly connected with the in.
, surance business have accepted in
| vitations to attend the banquet.
Will Speak on Saving.
Charles d. Boyer. superintendent,
OF education here for the AmericaI
Institute of Banking. reports tina
James G. Dulin, jr.. assistant treas
, urer of the American Security
Trust Co., will be the next speake,
in the radio campaign now beinE
conducted here. Mr.. Dulin will speal
! on What Your Savings Accounf
! Does for Your City from WCAP OF
Friday evening at 8 o'clock. Mr.
. Boyer opened the campaign himsel
last week with an address on tn,
history, growth and Importance o
banking.
Revenue Freight Loading.
Loading Of revenue freight for til,
first nine weeks this year-that is
from January l until February 81. il
Iclusive-totaled S,1OS,459 cars, accord
| ing to reports just filed by the car
riers with the car service division O
the American Railway Association.
This was an increase of 2S,4GS car!
over the corresponding period las
year and an increase Of 1880 cars
over the corresponding period in 49, !
today's report said.
Will Address Convention. :
K. Edward Hotze. jr., vice presideIs
of the National Service Bureau ~
New York City. a financial advertis
ing agency, left Washington las.
night for Atlanta. Ga, where he i.
scheduled to address the savings sec
ton of the American Bankers Asso
citation, meeting there this week. Mr.
| HotZe has been spending some tint
here and is well known to local
4! f1nanciers.
Quota Is Raised. =
| 1t is announced by E. J. McQuade.
| president of the Alumni Association
of Washington Chapter, American In
stitute of Banking, that the associa
ton has raised its quota of $3.50 70,
| the educational endowment fund start
ed by the American Bankers ASsocia
ton. 1t was voted to raise this funO
at the convention in Atlantic City las
September, and the institute agreed Il
contribute the foundation for it. Thu