Evening star., 1926-10-04

elsewhere in The Star. The Washing
ton bankers who took their seats in
the big convention were headed by
Howard Moran. president of the Dis
trict Bankers Association. Among the
other Washington men attending the
sessions are:
Harry H. Mckee, president National
Capital Bank; Harry V. Haynes, presi-
dent Farmers & Mechanics National
Bank: Henry ". Oifutt. president
Potomac Savings Bank Victor r.
Deyber, president Second National
Joshua Evans, jr., vice president Dis
trict National; Maurice Otterbacl<.
president Anacostia Bank; George O..
Vass, cashier Riggs Nationals: Lanier
P. McLachlen. president McLachlen
Banking Corporation: George O. Wal
son, president Liberty National and
Francis G. Addison, jr., vice president
Security Savings * Commerriai.
This is considered by far the
strongest delegation of local bankers
who have ever attended a convention
so far from Washington. Mr.. Evans
nni.nes his three years duties on the
executive committee, Mr.. Haynes tax
ing his place next year. Mr.. Vass
represents the local association in the
national bank section: Mr.. Otterback
does the same in the State bank sec
ton, while MI McLachlen is a mem
ber of the nominating committee.
Mr.. Addison will act as vice president
for the District of Columbia.
The big issue of the convention
the fight over branch banking
10 the front yesterday when the
forces opposed 20 branch banking
bombarded all trains reaching the con-
ventiOn city with literature explain
ing their position.
On arrival at Los Angeles many OF
the leading bankers expressed them
selves as noting with great pleasure
how we'll business is, holding up after
the gloomy predictions made early in
the year.
Washington Exchange Active.
Trading on the Washington Stock
Exchange opened the week at a fair
ly active pace, prices maintaining
their recent levels. The first trans
action was in Potomac Electric Power
preferred which sold at 10712, later
advancing to 1925. Merchants Trans
fer & Storage preferred sold at 100 12;
while 81 shares of Mergenthaler
changed hands at 107.
Capital Traction appeared on the
board at 103M and ono share of Riggs
National Bank stock brought 443
Fifty shares of Washington Railway
& Electric preferred came out at 90,
while in the bond division the same
corporations General and Refinding
6s sold at 10314. A $4,000 transfer in
Railway & Electric As brought S3a.
The market closed with sale of
Washington Gas Is at 103 and Wash
ingtOn Gas rs at 101.
The NJ r. Casey Co of This cit Y
was today awarded the contract by
the Washington Loan & Trust Go.
tor the installation of all plumbing.
heating and vcnti!ating apparatus in
the bank S large annex now under
construction. This makes four CON
tracts which this company is now car
rying out for local financial institu-
tlonS. One of the others is in con
nection with alterations in the Bank
of Commerce and Savings: another.
changes at the District National, q nd
the. third In the new home of the Per
petual Building Association at Ilev-
enth and r. streets
The thirteenth annual report of the
Public Utilities Commission covering
the year 1925 appeared in print to-
day. AS usual. the report takes up
the rates, valuations, service. deprc-
''''''
public utilities companies. The report
is signed by j. +. Bell, Cuno Fl. Ru-
dolrh and f. A. t'enning. The report
carries as an appendix the balance
sheets and other financial and statisti-
ca data regarding the several public
utilities in the District which arc re-
CURED to make complete returns to
the board. Among these compa MES
are the Black & White Taxi Co., Capt.
tai Traction. Chesapeake & Potomac
Telephone Co., Washington Railway
4 Electric Co. Potomac Electric Pow
er Co, Washington Rapid Transit Co.
Western Union and Postal Telegraph
Cos, and the smaller suburban street
railway companies.
Mortgage Bond Issue Purchased.
G. l.. Ohrstrom & Co. announce
they have purchased and will be pre-
pared to offer shortly a new issue OF
$3.50. 900 first mortgage per cent
gold bonds, series "A' of the West
Virginia Water Service Co. The com
pany. all of the common stock of