Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-27

IL for some time, in sS ss5I
which membership 49,
is sought for an
employe in one OF Mary j. Winfree.
the local invest
went banking houses. The issue raise
before the board was that the appli
cont was not a member of the firm AM
onnosition arose to his ADMISSION VI
The board got into heated argu
,nent on this point and became oeau
locked. The governing comnntVee COL.
sists of seven members, put ohly 81
have attended the meetings ON accom-
of the illness of Edward l.. HlIyet. IN
other six members stood three " tiiies
Fach meeting of the board brougnt heN
complications until it was oeciueu
mt the matter up to the full menlpei
ship. r,,,ere NOM
bars of the exchange were electeo S Se,
they we're not members OF ths man
with which they we're conlecCeu. ~
william Harrington was electeo 10 is'e ~,
hership when he was mahagel "a
brokerage house of the late Jonn L. Eo
wards. and E. Jackson Enlllcn VIC
awarded a seat when ne was en.p .u9 -
bv G. M. P. Murphy d Co. ouI nay NJ AZ
direct connection with the ntM e. an,
STnndav's meeting is expected TO eh'
the controversy. ,,.,,. 11;bh
hoe resigned. as a member OF the gov
er,,;no Committee and that john Fooi
hes heen elected to fill the vacancy. M
II;bbs has many times been president o
the Exchange. He asked to be reneVe'
from further service as one OF Ciie sos,,
errors. and his request was gfahteu
Mr Hibbs will continue to atteno Ia
REGULAR daily sessions, and IL Is com
NON knowledge that for 20 years ne nd ID
haen one of the largest traders; MI
poole has held a seat on the excnang'
for long time, and is one OF sever .
horters who attend most Of the SEES
sions.
Associates Honor Miss Winfree.
Miss Mary j. Winfree. secretary, o,
the Continental Trust Co.,. mas peel
elected president of the Bank women
Club of washington. the annual meet.
ing having Just been held. she Is al
active member of the American ASsoci
alton of Bank Women and is one o
the few women in the local financia
district who is bank oftcla:
The club also elected Mabel V. Royce
of the washington Loan q Trust 20.
vice president; Judith M. FlsnpuIn
recording secretary; Eleanor Dank
never. Security Savings and CONNER
ciai Bank, corresponding secretary
Mildred c. Woodcock, American pc
curity 81 Trust Co.. treasurer, ana Sos'
Z, Royce, washington Loan q AfuS
Co., historian. s &c coy
errors were Lois A. Wnite, FGoeia =.
American National Bank Lana Hs
SIoat National Metropolitan Bank,
Louis Mitchell. and Mary Craven LIZ
trict National Bank. - :.
y Annual renorts were submitted bl
Mildred C. Woodcock, treasurer; MRS
Iaila III Sloat. chairman of the dinner
committee: Mary Craven. chairman o.
tho fellowship committee. and Loretta
Ennis Chairman of the publicity com
mittee.
r. e. O. Earnings Reported.
Net railway operating income OF TIT
paltimore e. Ohio for February, re
norted today, amounted to S2,3zZ,sIA
as AGAINST S1,444, 068 for the sam.
month in 1928, an increase OF SI16,so4
Net railway operating income Tor TN
srst two months of 1929 reached SO,
sos. 587. in comparison with S3,35l ,l9.
in the same period in 1928. This Is
gain SO far this year OF $l,68T ,39o
Freight revenues were heavier ana pas
seneer earnings lighter in Februar'
than in the same month last year, Tn.
gain in freight income being muci
larger than the loss in passenger reVe
nueS. a
Net income of the Chesapeake Z
Ohio Railway Co. for February amount
ed to S2.5O2 ,588, an increase OF Sl,lo9,
8el over February of last year, accord
ing to the statement OF operation
fled with the Interstate Commerc
Commission yesterday. Gross revenue
for the month were SlO,58l, oo4' an III
crease of S809.789 over year ago.
Pennsylvania r. r. FEBRUARY net op
Grating income was s8,771 ,oe4' agaiiis
ss.613,704 in like 1928 period.
Double Holiday Is Voted.
The washington Stock Exchange vii
be closed on Friday and Saturday as
result of vote taken following W
DAVIS trading session.
During the trading session Riggs Ma
tional Bank stock sold at 5T5, $40 an
SIT. Two shares Of American SecurlI
& Trust Co. moved at 5621 e: Mergen
thaler changed hands at .loI- CapNa
traction again showed more strength
selling ex dividend today at 1914 for i
shares.
Columbia Sand & Gravel preferre
came ont at 90, ex dividend; Merchant
transfer 81 Storage common SOLO q
100 and $50 shares of National Mort
gage & Investment preferred sofa q
ss9 Federal American Co. commo
was heavily traded in at 81. RallWa
e. Electric preferred registered si9s.
BONDS were in better demand tooa.
Railway & Electric. Chevy Chase Gu
and washington Gas ana Anacosti
e. Potomac r. R. IS being - FAVOR.
Heard in Financial District.
T. w Todd. manager of the Wash
inpton office of Hartman d Co, mas II
turned to his position after tWo-Wee
vacation spent at Atlantic City.
Robert c. Jones, one of the manager
of the local Offices of G. M. P. Murph
r. Co. has returned TO the city aIIe
an extensive trip in Florida ana CUBA
r. E. Mountjoy, representative
washington of the American Banker
Association, has gone to chicago 10 a
tend a meeting on banking propien
on Thursday and Friday. Represent
tiyes from 20 Midwestern States WI
be present. .,
The American Telephone 81 Tel.
graph directors propose to issue $225
100000 convertible bonds pro rata
Stockholders: increase in authorize
CAPITAL to $4,000, 100000 from $l,50o
mn 000 ratified
&c. c. Inspects Train Control.
Engineers from the Interstate Cor
merce Commission are now engaged
making an inspection of the Miller u
duction train control system on u
Chicago, Indianapolis & Louisville Ra
road GMonon), comprising two full c
visions and extending from Chicago
Indianapolis. This installation W
made by the General Railway sign
Co. and is the latest type OF interim
tent induction train control.
In many sections of Africa bri