Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-13

N2EANRN q WaSn- IN I@<1SR'&o#
3ngton Steamboat
Co. stock "a shares I'm Sz$S%SM
moving AZ the re-
cent price Of sos uiu;ar, n Hin.
Washington Gas
sold of slightly from last weeks levels,
II shares changing hands at "a
Only one bank issue appeared on the
beard. shares Of Merchants Bank &
Trust selling at l5S. same as the last
sale. Commercial National Co pre-
ferred appeared on the board at l05
Ten shares Of Security Storage sold at
12A, and 100 shares 81 National Mort
gage & Investment at IA
In the bond division a 81 600 Wash
ington Gas rs, series 3. sold al l.07
Other bonds were neglected,
Aircraft Stock Offered Here.
A new offering of 10000 shares Of
preferred stock, per value $40, and 25.-
600 shares Of common stock, no par
value. Of the Simmons Aircraft Cor
poration was placed on the market here
today FOR public subscription. The
stock Is To be sold in two shares Of
preferred and one Of common at 500
Eaten d Cook. Inc. in the Barr Build
Ing, are handling the sale as the new
cnmpany's fiscal agents.
craft Corporation to open plant al
Kenilworth for the manufacture of air.
planes and the development Of patents
1t is hoped that within four months
time the company will be completing
and putting into the air at least one
plane q CAV.
The officials state that the preferred
stock IS cumulative and entitled to re-
ceive dividends al the rate of s per cent
per annum before dividends are started
on the common. The common will have
exclusive voting rights and be entitled
% all dividends above per cent
The corporation is in charge of the
following officers: James Lee Simmons.
president J. Edward Cassidy first vice
president, James B. Hendrix. second
vice president: Charles W. Search. sec
rotary. and Paul c. Benedict, treasurer.
The president has been engaged in the
aircraft business II years and the other
ofhcers have been closely associated
with the same business.
Broker Spurns Long Vacations.
William B. Hibbs. head of W. B.
Hio5s d Co. refuses TO take an ex-
tended vacation during the Summer
season. The dean of Washington bro
ksrs, however, has nothing against va
cations snd passes every week end at his
palatial estate at LeeSburg Va To this he
repairs Friday afternoon or after the /
New York Stock Exchange closes on Sat
urdav and stays until the spirit moves |
Inn 10 return on Monday These vaca-
tons are all the outings Mr.. Hibhs !.
wants, and he spends the rest of the /,
time keeping close to the pulse of the /
business world by studying the Wall
Street ticker. attending the Washing
tcn Stock Exchanges daily sessions and
occasionally talking politics. Incidental
j. his speed in discussing the cam.
patgn beats the fastest-moving tape on
1000 000-s1sre day.
There was time when Mr.. Hibhs
was director N many banks and other
corpora tons. as well as in public util-
tties. But in late wears he has pre-
ferred 70 give all his time to the bro
kersee business. His partner. w w
kpaid- also foregoes A rest In the Sum
rrer preferring golf in Florida in the
Winter.
Treasurer Given Reappointment
President Robert N. Harper Of the
District National Bank has received
word from James w. Gerard that he
has been reappointed by the Demo-
cratic national committee as assistant
treasurer Of the Washington headuuar-
rate letter from the Democratic presi-
Dental nominee personally thanking
him FOR his services 10 the party dur
ing the past II years. In showing the
letter 10 friends today he told them
con56entially that ne had the signature
Of the next President Of the United
States
The bank president viii attend the
notification ceremonies at Albany by
4GA fszsp faE lon ~
rnittee.
Treasury Offer Expires Wednesday.
The Treasury today called 70 the at
tention Of holders Of third Liberty loan
4 2 per cent bonds that the purchase
price Of the bonds for the account Of
ne sinking fund would decrease on
Angus. IS. The Treasury on August
authorized the purchase Of the bonds
through tne Federal Reserve banks at
the option u the holders
Any bond rendered Or in transit I'D
r. midnight Of August IS will be pur-
chased Il 100 I-32 with accrued in
bgeSt 20 Gate, and any bonds pur-
chased after that time will be bought at
Par with accrued interest 70 Gate Of
purchase.
Heard in Financial District
Marry q Meem vice president Of the
Washington Loan IL Trust Co. VIII
leave with his family Thursday for a
vacation a. Atlantic City. Mr. Meem
Is one Of the cltys veteran bankers.
having been connected With the trust
company continuously for 80 years.
Il T SnoVaiteT u the Commercial
National Bank Is passing his annual
vacation a. Harrlsonburg Va.
Assistant Cashier 3. 9. Dent Of the
R42gs National Bank is taking
months vacation J Roberts. an
other assistant cashier, is at Cape May
Tor 9eeg
Sanitary Grocery preferred Will sell
- dividend on August II IN connection
win me 81 81 quarterly dividend
payable September J.
Spencer Curry. vice president Of
tge Great National Insurance Co has
gone - 81 Louis and Chicago on bust
ness
Tne DIs3rlct d Columbia Life Under
writers ASSOCIATION viii hold ITS sum
r7er outing Fi.aag next al Inc Manor
Club horbecK Nd
The George 4 Fuller ca mas declared
regular quarterly dividends u 81 50 on
cumulative preferred and participating
preferred payable October to stock
OF record September 10.
Baltimore Bond Market Dull
BALTIMORE August 10 Special ~
The iocal municipal bond market Is
slmost III q stancsu! 40 far rs neR