Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-07-31
sea. 600 Stock OtferinE Today.

Nav ,..,..... LIS, I9h.4u3 lZU.o5VsfS
June ....... l26,e30.6Se 127,S16,S3
July .....,... ll4.273,s6s loS,eoo.9A
(. seea.eoo Stock Offering Today.
The BrieSs Packing Co. with ONCE
At 9nS Seventh street northwest. toda.
. placed an Offering on the market o
5000. 900 7 per cent cumulative con
(. vertibie preferred stock.
The Briggs Packing Co. is capitalized
At 81. 900 COO half of which Is common
stock and the other half preferred. Thu
rnp,usnv was first incorporated IN May
1927. and reincorporated for expansion
PURPOSES in March. 1928. The par value
Of the stock offered today is $40 pei
share
The stock is convertible. share fol
share. for common, beginning one veal
after issue, the offer being good FOL
four wears. This dividends are payable
on March Is and September Is. Tn:
preferred stock Is caliahle at $1,000 pei
share
The purpose Of the preferred issue
A ~ provide funds TO obtain a new
ana thoroughly modern plant. the. on
GERS Of the company stating that the
precent quarters have been outgrown.
The nfieers include: Frederics
Briggs. president: Raymond c. Briggs
Wee president: Albert NJ. Briggs, second
vice president: Mai. Gen Anton
steohan. treasurer; Vernon B. Laury
secretary and counsel and Edgar Nor
RS. chairman OF the board.
Heavy Trading on Exchange.
Trading on the Washington Stock
Exchange was unusually broad tooay
Railway & Electric preferred leading
tn> market. The stock figured In sever
different sales. al being msde at 993.
washington Gas Light hit 90. II
opened with IS shares selling ct 91Js
being followed later BY a l5-share sale
q. the new top. Capital Traction sold
Of lO41a and closed at 104l4.
Merchants Bank g. Trust stock solo
at i57. Riggs National opened a
s2olx. dropped to SIG and closed a.
5i7i3 on a 40-share turnover. Other
stocks sold around recent levels sIlc
bends also changed hands at recent
prices in rather light trading.
VIII Audit Associations Accounts.
Edward L. Hiliyer. vice president Of
ti1e Union Trust Co.. is chairman Of
this wears committee appointed by
President Fleming To audit the accounts
Of the District Bankers Association
Mr. Hillver and his three associates
who are expert bank auditors, viii not
have o very dificult task. however. A.
Treasurer Albert S. Galley has never
yet made an error in his accounts II
nearly 20 years service. and the con-
vention accounts are also very care
fully handled.
The new committee chairman haS
been with the Union Trust Co. many
years. Aside from his banking position
be is treasurer Of the Raleigh Hote
CORPORATION and of the Capital PARK
Hotel Co. IS well as being connected
with other important business interests
IN the city.
He is vice president Of the Washing
ton Stock Exchange. presiding very
regularly at recent sessions, as the
president, c. c. Glover, jr- has beer
away on his vacation.
Cleaned in Financial District.
President Corcoran Thorn Of TIN
American Security g. Trust Co. expecti
10 leave here tomorrow for his camI
! IN the White Mountains, In New
!, Hampshire. He expects to be away
month
. Thomas W. Brahany of Crane. PARIS
B. CO. has returned from his vacation
most of which he passed In Wisconsin
He vent from Buffalo 10 Duluth b.
boat but motored the rest OF the way
. his trip including q short visit 81 tn
Summer White House
Wade H. Cooper, president Of thu
Continental Trust Co. and Of th'
United States Savings Bank. is i1ayint
q fine tour Of Europe, according 70 tn
latest word received here from thu
banker
Frank p. Morse. local manager o.
EeiignnAn IL Co. has reached German!
On the trip abroad He is on his va!
70 Paris, and will get home about tn
middle Of August
NJ. D. Rosenberg, president Of tn,
Bank Of Commerce and Savings, flai
left Washington for three weeks out
ing in the Adirondacks.
Alexander Wolfe, general counsel 0
the Bank Of Commerce ~ Savings, sail
August II for an extended tour II
Europe He has passage on the steam
ship Paris.
Bertrsm Chesterman head of tn
Morris Plan Bank. recently back from
Europe. reports that II Fained ever
day but two while he was on land, boil
London and Paris being especially mois
while ne was there.
Raymond q. Marx, auditor Of tn
3 Riggs National Bank, leaves tomorrow
for a months vacation. which ne vii
spen6 In motoring and on SEE trip d
Boston, which viii include visit II
New YORK
IIseal Insurance Man Honored.
The American College Of Life Under
writer's through Dean 8. 8. Huebnel
has announced that ID has conferre1
the degree Of Chartered Life Under
writer on r. Lawrence Choate of thi
city. Mr.. Choate is general agent 10
the Mutual Benefit Life Of New Jerse;
Fifty applicants from all over IN
country applied for this degree at In
first examinations held last month q
The Wharton School OF Finance, Uni
Sersity Of Pennsylvania. Thirteen wer
BASED In all subjects.