Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-08-04
MEDICAL BUILDING
STOCK NOWL
1901 | Street Structure
Firms Securities to Be Trad
ed In on Local Exchange.
BY EDWARD G. STONE.

BY EDWARD c. STONE.
The board of governors of the Wash.
ington Stock Exchange today listed
100000 capital stock. par value, 500,
of the Washington Medical Building
Corporation, which owns the recently
erected medical office building at 1901
| street northwest.
Trading in the new issue will
begin tomorrow. The statement made
in the application for listing on the
local board shows that the company
has only one class of stock. IT is the
first issue to so on the exchange since
the listing of the stock of the Potomac
Savings Bank, a few weeks ago.
DR.. Charles Stanley White is presi-
dent of the medical corporations Archi-
bald l.. Miller. vice president; Edmund
Horgan, treasurer, and Oscar Il.
Hunter, secretary. The issue is some
what different from the other stocks
on the local exchange and the amount
Of trading that develops in it will be
watched with considerable interest.
The listing of this issue adds another
stock to th5 steadily growing number
that have been placed on the board
during the past year. The amount of
trading on the exchange has grown
Ivy leaps and bounds, being about four
times as large now as it was ut this
time Il year ago. In this Increased
business the new Potomac Electric
Power 81. per cent perferred stock
has played the leading role.
T.. J.. Hill Made Loan Manager.
t. Golden Donaldson, president of
the Commercial National Co.. an
nounces that r. Lodge Hill, who has
been identified with the real estate
business in this city for many years,
has been appointed manager OF the
mortgage loan department of this
company. with offices i'll the CONNER
cial National Bank Building. Four
teenth and G. streets northwest. Mr..
Hill has been selected on many oc-
casions to act as appraiser for indi-
yiduals. financial institutions and the
Government. Mr.. Hill was born in
Bluemont. Va, and is a member OF
the Washington Board of Trade, the
Columbia Country Club and the So
ciety of Virginia.
The company that Mr.. Hill repre-
sents was organized in 1876 with a
Daid-up capital of S700000 ana Is
under the same ownership ana man.
Agement as the Commercial Natlonai
rank. II finances and offers for sale
mortgage loans secured on income
producing property located in Wash
ington and vicinity.
Urges Large Attendance.
President Frank j. Hughes of the
National Mortgage K Investment Cor
noration urges all stockholders to at
lend the special meeting at l0o4 YER
mont avenue on August 10, at when
time the plan to cancel 64.601 shares
of preferred stock which the corpo-
ration has purchased in the open mar.
ket will be acted upon. The proposal
also contemplatcs the giving OF one
share of no par common STOCK LOT
each 10 of common now held. The re-
alignment of the capital structure al
ready has been approved by the OIL
GERS and directors.
More Agricultural Aid Sought.
Gen. Lord director of the budget,
was urged today by representatives OK
13 national farm and industrial organl-
cations to submit to President Cool.
idge a plea for an enlarged program
of agricultural research at his coming
visit 10 Rapid City. Fred Brenckman
of the National Grange and a. M.
LOOMS of the American Dairy Assoc
citation presented the matter, stressing
what they believe can be accomplished
to help the farming industry by eX
panding research work of the Depart
ment Of Agriculture.
Type Stocks Among Days Leaders.
One hundred shares of Lanston
Monotype stock changed hands in SIX
different transactions on the local en-
change today. all sales being made at
991s. Twentysix shares of Mergen-
thalcr also appeared on the board,
selling at 11212.
Two shares of Washington Railway
& Electric common sold at ESQ, an adj
vance of points over the last sale and
a new high mark for the year. 1t was
the first sale in this stock since last
weeks action by the directors in rails
ing the dividend rate on the common
from 5 to Z per cent.
Capital Traction sold at 1861, Po-
tomac Electric per cent preferred at
1924, the 512 per cent preferred at
1913. while Washington Railway pre-
ferred came out at 923s. Fifty shares
of National & Investment sold at {.
Federal-American Bank stock sold
at 324 and Merchants Bank & Trust
\
siderable trading in the bond depart
ment at recent levels.
In and Out of the Local Banks.
President George o. Watson Of the
Liberty National Bank will leave here
Saturday for the Summer home in
the Thousand Islands of Joseph II.
Hines, where he will pass two weeks
vacation. Mr.. Hines has one of the
finest places along the st. Lawrence,
owning the entire island on which
his home is located. He has already
entertained several Westinghouse
there this Summer.
George M. Whitwell, secretary of
the Washington Gas Light Co, is in
New York attending q meeting of the
American Gas Associations accident
prevention committees committee on
reports, of which he is chairman. He
will spend day in Portland, Me-,
and stop at Princeton, N. j., before
returning to Washington next Mon
day.
L. +. Mountjoy, Washington rep
resentative of the American Bankers
Association, is spending few days
in New York on business in connec-
ton with the organization.
Vice President Thomas p. Hick-
man Of the Franklin National Bank
is passing a two-week vacation at the
country home of w. II. II. Allen,
director, at Lake Hancock, Me. He
left here late yesterday.
Thomas p. Brown and Judson 7.
Gull, jr directors in the Liberty Ma
tioual Bank, sail Saturday for sew
eral weeks tour of Europe.
Other Financial Notes.
The Chiids Co. report for the first
half shows net profit of $844 ,51S, a
new hi.h an1al to Sl92 cents q