Evening star., 1928-11-15

gu anu CAVoCO "V %x&5S3A SE2A $31!,e
3l5. W$
The only other IL
bank stock out EEH -
was National Saw william d. Hoover.
ings g. Trust, which
sold at sos on 40-share turnover
Mergenthaler was quiet today, opening
at 1OO34 and closing at 10012.
Railway g. Electric preferred led th'
utility issues, SIS shares selling at 991s
Potomac Electric Power 5la per cen
preferred registered 100. Chestnut Farm
Dairy preferred sold at the same figure
and 800 shares of National Mortgage
e. Investment preferred changed hands
at 5ss.
Fifteen shares of Chaplin Sacks pei
cent preferred sold in the unlisted de-
partment at 107Ia. Bonds were neg
lected.
Bankers Honor Mai. Patterson.
Twenty-Five washington bankers ant
friends of Mai. F. w. Patterson, for.
mer financial editor of the Post, af1t
now owner and publisher of the Ma
nassas Journal, paid special tribute
to him at dinner last evening a.
the Warrenton Country Club. The
Manassas publisher was taken by COM
plete surprise. He was picked up py
the washington party, ostensibly to at
tend a small gathering OF Warrentor
bankers. Upon arrival at the Country
Club the major was almost overcome
when informed the affair was wholly
In his honor.
The local bankers were headed by
Robert " Fleming, president OF tn(
District Bankers Association, anc
Joshua Evans, jr.. chairman OF !nt
committee, who so cleverly succeeoee
in making the affair a real surprise
Others attending were Howard moran al.
and w. ]. Waller, who also were or
the committee; Charles E. Howe, John
D. Leonard. j. Frank White, Ezra
GouId. C. j. Gockeler, w. w. Spaid
Victor B. Deyber, H. G. Hoskinson
.John r. Waller, George o. Vass
Francis @. Addison, Lanier p: NC
Lachlen and r. C. Albright OF the
Post.
E. A. Swavely of the Swavely School
at Manassas. made the dinner arrange
ments The Manassas bankers, G. r.
RatcIiffe, Harry P. Davis and Charles
II. Lion, were present, as were G. f.
Tifeny and S. c. Brittle of Warrenton's
financial district. Everybody spoke and
George O'Connor and Matt Horne fur
nished the music. The amount OF praise
given Mai. Patterson must have made
his ears burn. He was great favorite
in the local financial district and Is
meeting with splendid success in his
new venture. In addition to his III.
erary ability, he holds a congressional
medal for distinguished service overseas
in the World War.
Public Utility Earnings Jump.
The Department of Commerce report:
gross earnings in September, 1928, Of
95 public utility enterprises, exclusive OF
telephone and telegraph companies, as
SITS, 1000, 900, compared with $174.0OO,-
600 in, August and $169.413,885 in Sep
tember, 1927, increases of 2.S per cent
and Sc per cent, respectively; for the
nine months ended September, 1928
81 7,9I7,891, against $1,558,277,l7S in
the corresponding period of 1927, In
crease of 81 per cent.
Net earnings, representing in general
the gross, less operating expenses and
taxes, or the nearest comparable fig
ures, were $67, 100000 in September
gust, increase of 1.6 per cent, and $61, =
of 81 per cent; for nine months ended
September, 1928, $618,457,9 ,941, against
$3.50, ,765, ,642 in corresponding period oi
1927, increase of 10.2 per cent.
Bank President Nearly 20 Years.
William D. Hoover, president of the
National Savings & Trust Co., Is now
rounding out 20 years service as head
of the institution. Mr.. Hoover tool
the helm in January. 1909. For sever
years prior to that time he was con-
nected with the bank in the capacity
of attorney and trust officer, to which
position he was elected in 1902.
Before associating himself with the
National Savings & Trust. Mr.. Hoover
was for five years vice president anC
director of the Real Estate Title In.
surance Co., still retaining membership
on the board. Born and educated ir
the National Capital, he is graduate
of the Georgetown University Law
School. After being admitted to tht
District of Columbia courts he decided
not to enter private practice, but x
use his legal knowledge in service o.
the financial institutions with which h
has been connected.
Mr.. Hoover is a thirty-second degree
Mason, member of the University Club
a leader In the Chevy Chase Club, a.
well as a member of the Metropolitan
Lawyers and other similar organiza
tions. He attends the Episcopa
Church. Under his leadership his banl
has shown splendid growth. >
Heard in Financial District.
Tickets for the institutes annua
theater party have been placed on sal
in all the local banks by Alfred w
Sherman, chairman of the committee
President James A. Soper, chapte
president, reports a budget this year o
$3.50 and the theater party Is counties
upon to furnish the greater part of thi
sum. THE Silent House" has been S
popular elsewhere that crowded hous
is expected.
The increase of 584 Pennsylvani
Railroad stockholders during Octobe
in August and 1882 in the period from
May to August l.
Woman stockholders November
numbered 1888; increase, 5,976; con
Stituting 50.32 per cent of total holders
decrease, 0.29 per cent. They held 8,
946,622 shares; increase, 575,37S, bein
35.15 per cent of outstanding capite
stock; increase, 1.39 per cent. Thei
average holding was 81 shares; in
crease, 4.
The shubert Theaters Corporatio
has declared the regular quarterly divi
dend of SIPS, payable December 15 I
stock of record December /.
The Remington Typewriter Co. hs
declared an extra dividend of SIS an
regular quarterly dividend of SIPS o
common, SITS on first preferred and
on second preferred.