Evening star., 1927-05-13
.LANSTON LEADER
/. ON EXCHANGE HERE
DuIIness of Trading Held Due
to Uncertainty Over Pepco
Stock AIlotmentS.

Stock AIIotmentS.
BY EDWARD c. STONE.
Lanston Monotype led trading on
| the Washington Stock Exchange to-
| day when it scored new high for the
year, 100 shares changing hands in
six transactions at SO.
Five shares of Capital Traction
| sold at 104N and so shares at 104&
| The only other trading was in the
| bond division, Washington Railway &
| Electric general and refunding IS
| selling at 104 and Washington Gas 6s,
series B, moving at 105. Capital
| Traction SIS registered 101M y.
In the unlisted department Chaplin,
| Sacks s per cent preferred came out
at 99h on a turnover of shares.
Allotment Announcement Near.
The dullness of the local exchange
| during the past week has been largely
| due to the pending issue Of new Po-
| tomac Electric Power Co. preferred
stock. Traders and investors, who
| have made large subscriptions for
| this stock are not making many
other commitments until they know
| now the allotments are to be made.
| If they are to get large blocks they
| do not want their funds tied up in
other securitl@-.
The suspense Is not to last long,
| however. as it was announced at the
office of the company today that a
| final check was to be made this aft
ernoon and the allotment plan an
| nounced tomorrow. Doubtless the
| I Sr1.hc will a folT x~n
of in the $4,000 900 issue, so that in
! terest now centers in the amounts
| that the large subscribers will be
| awarded.
Bank Holds Annual Meeting.
The annual meeting of the stock.
| holders of the Anacostia Bank was
held yesterday, the same officers and
directors being reelected for the com.
ing year.
President Maurice Otterback report.
ed prosperous year, one Of the spe-
cially pleasing features being an in
crease in deposits of $S5,600 over last
year.
Attend Richmond Meeting.
Several Washington bankers are at.
tending the annual meeting Of the
Stockholders Association of the Fed.
held today. Victor B. Deyber is
chairman of the advisory committee.
Among others from Washington are
w. J. Waller, vice president of the
Federal-American National Bank, and
A. M. Nevius. vice president of the
Riggs National Bank. About 200
bankers were present when the morn
ing session opened.
Exnansion plans Annroved
Directors of the Security Savings
& Commercial Bank at 9th and G
streets yesterday approved the plans
of President Julius I. Peyser. which
will double the lobby space and give
the bank building a frontage of 100
feet on the G street side and 63 feet
on Ninth street. The number of tell
ers' cages will be increased, and there
will be room for the installation of
safe deposit space three times larger
than at present. The additional space
on G. street will be secured by taking
in three stores. This bank was or
ganized on April Z, 1918. and has en-
joyed steady and healthy growth
since that time. The present officers
are:
julius /. Peyser, president; Fred
Mckee and Francis G. Addison, jr.,
vice presidents; Samuel r. Baulsir.
cashier: T, Hunton Leith, Latrobe
owen, J. Louis Shipley and Charles
K. West, assistant cashiers. The
senior officers. with the following,
compose the board of directors: Ed
ward c. Baltz, Diller f. Croft, John
b. Harrell, J. Thilman Hendrick,
George II. Judd, Harold H. Levi,
Francis A. Blundon. Sol Herzog, Will
liam A. Hill. Ralph Mckee, Laurence
Mills, Morris Simon, William w.
Spalding, Sidney w. Straus and Will
liam G. Sullivan.
Institute Officers Elected.
At the annual election of Wash
ington Chapter, American Institute
of Banking, I. j. Roberts, secretary
to the president of the Riggs Ma
tional Bank, was elected president
for the coming year. Mr.. Roberts is
an institute graduate, was vice pres
ident this year and also chairman
Of the educational committee, which
has carried out an elaborate program.
Other officers elected were James
A. Soper, Lincoln National Bank,
first vice president; A. e. Henze, w.
b. Hibbs & Co.. second vice president;
Miss Lois A. White, Federal-Ameri-
can National Bank, secretary, chosen
for second term; III. fl. Darneille,
National Metropolitan Bank, treas
urer; Miss Catherine Krieg, Riggs
National Bank, assistant secretary,
and Frank M. Perley, American Sc
curity & Trust Co., chief counsel.
Those elected to the board of gov
ernors were Aubrey o. Dooley, Com
mercial National Bank; Elmer O'Hara,
Seventh Street Savings Bank: A. w.
Sherman, American Security & Trust
CO.; Garrett M. Van Hoesen, Second
National Bank; Robert G. Whitton,
First National Bank, Alexandria, Va.
Miss Mildred G. Woodcock of the
American Security & Trust Co. who
was one of the nominees for the board,
received sufficient number of votes
to elect her, but under the rule that a
bank may have no more than one rep
resentative on the board she was
deemed as not elected.
Today's Financial Notes.
S. Davis Warfield, president of the
Seaboard Air Line, praises the sale
of $10,000,000 Everglades drainage
bonds to New York banking firms as
a great boon to Florida's reclamation
program. Mr.. Warfield declares the
move will not only benefit Florida
but all outsiders. who are investors
in that State.
The Commercial National News,
edited by Jesse CLANCY, appeared to-
day and is again filled with news,
both serious and light in tone, of in
terest to all employees of the CONNER
cial National Bank.
Joshua Evans, jr., chairman Of the
District Bankers Association commit
tee Investigating the question of
earlier closing Of local banks during
the hot Summer months, has practi-
cally completed his report. It will
soon be passed upon by the whole
committee.
President w s. Clifford of the