Evening star., 1926-05-14
PRICES ARE STEADY
. ON EXCHANGE HERE
Trading in Only Moderate
Volume Today-Range Of
Securities Small.
BY EDWARD G. STONE.

III bIDNN fhnD y.
Prices we're steady and trading mod.
crate on the Washington Stock FIX
change today. the market lacking In
outstanding features. Washington
Gas Light stock came out at 6slz. lS
shares of Capital Traction sold AT 1o4
and two shares Of MArgsnthaler Limo
type brought 1o7. Potomac Electric
Power preferred recorded one sale ~
1917. Lanston registered s5Ls Co
lumbia Title Insurance Co. again sold
at 2, Potomac Electric Power preferred
interim certificates figured in turn
over at 1854 and Merchants Ira nsfer
& Storage preferred recorded one
transa ction at 90
In the bond division there were 81 les
in Capital Traction 5s. Washington
Gas 6s and Washington Railway &
Electric As At practically the same
prices that have prevailed in these
issues for some time
Institute Officers Elected
At one " the most interesting elec-
tions yet held by Washington chan
| b.
T. Hunton Leith. manager Of the new
business department Of the Security
Savings and Commercial Bank. was
elected president for the coming wear
Other officers chosen last evening
were oJseph d. Yerkes. assistant cash
Ter, Federal American National Ba nix.
first vice president: I. !. Roberts
secretary TO the president. Riggs Ma
tlonal Bank. second vice president.
Miss Lois A. White. Federal-Ameri
can National Bank. secretary: Roberi
H. Lacey. assistant cashier. Columbia
National Bank assistant secretary
A. f. Henze. w. 3. Hibbs Co.
treasurer: W. 7. Van Doren. Com
mercial National Bank. chief counsel.
There were nine candidates for the
board of governors 10 which four
were elected The new directors are
r: Jesse Chaney. retiring president
Miss Winifred Burwell. National
Metropolitan Bank: Raymond r
Lochte. District National Bank and
Miss Mabel Royce Washington Loan
& Trust Co. Two were tied for the
fifth place and a special election will
be held next week to complete the
board.
Mr.. Leith, the new president. has
been connected with the work OF The
institute for seven years and is we'll
equipped to assume the duties NJ
leadership. The tie vote caused con
siderable surprise and the meeting 10
complete the board of governors Is
awaited with much more than ord
nary interest.
Assistant Cashier Elected.
At meeting OF the directors NJ
the Columbia National Bank yester
day afternoon Robert Fl. Lacey was
elected an assistant cashier. The new
officer is a native Of Washington
serves overseas in the World War
with the Sd Division and is gradu.
ate in this years class Of the Ioca
chapter. American Institute Of Bank
ing. He began his banking career
with the American National Sank
and has been with the Columbia for
the past three wears. working his vsy
up very rapidly.
Arthur y. Mitchell Columbia
head cashier now is in Florida for
his health He has been in the South
for some time. writes that he Is
gaining steadily. and expects to he
back at his desk before long
The banks other officers are Franz
j. Stryker. president; Benja min W
Guy and l.. Whiting Estes. vice pres
idents. and Dorsey G. Adams. assist
ant cashier.
Riggs Bank Presents Tablet.
The Riggs National Bank has pre-
sented TO the Western High School
large bronze tablet in connection
with the markers being secured bv
the Daniel Boone Highway Associa,
ton. The gift 10 the school was Sc
cured through the efforts of ] Hamp-
ton Rich of Winston-Salem. y. =
who for years has been one of the
leaders In the work OF the association
He was present when the tablet wa :
presented to Western by Ezra Meeker
and accepted by Principal Newton
About 800 Of these markers ha ve
been obtained. Some are placed along
the Daniel Boone highway and others
are placed in various high schools
Western High got this one because
1t is nearer than any other school
In Washington TO the famous trail
Mr.. Rich stated that several wears
ago when he began 10 push the prof
ect of establishing 4 nationally known
Daniel Boone highway the late Milton
|. Allies. then president of Riggs. was
| the first Washington man 10 give him
encouragement aS we'll as financial
assistance.
Stockholders to Inspect Road.
Large Stockholders Of the Southern
Railway have been invited by Waiter
S. Case. a Southern Railway director
TO make a thorough inspection trip
over the company'S lines TO learn Al
first hand how the money which thev
have invested in securities Is spent
hTe party will include. in addition ~
stockholders. bankers. members NJ
New York Stock Exchange firms and
insurance company officials. G.. r
Chapman. IVsident partner of Harri
man & Co, and Prof. David Friday
also of this city. will take the trip
The party will leave Washington
Sunday and be gone a week
Joy Over McFadden Bill
There was great rejoicing in the
Washington financial district today
over the passage by the Senate of the
McFadden banking bill. II is believed
by local bankers that after the bill
goes to conference il will probably NOT
come up in rust its present form Bit
they all feel sure that il now will bs
passed during the present sesdon, and
only changes of lesser importance are
looked for.
j. Thilman Hendrick Receivers.
j. Thilman Hendrick. chairman VI
Monotype Co, and one of Washins
toms best known business men, has so
far recovered from his recent severe