Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-16
SECURITIES FIRM
IN NEW QUARTERS
Corporation Occupies Hand
some Offices in Fifteenth
Street Building.
BY EDWARD C. STONE.

The Southern Securities Corporation
opened for business today In handsome
new quarters in the new building a
1900 Fifteenth street northwest, occupy
ing the entire south half Of the frs
floor of the ONCE building. Donald H
McKnew. built the building primarily
for the Southern Securities Corporation
from plans drawn by j. Henri de Sibour
The new ofiices have ample space, light
ventilation and up-to-date brokerage
conveniences, including ticker news serv'
ice
The company has private phone serv-
ice with local Offices of F. B. Keech &
Co and Hambleton & Co, which also
gives direct connections with Baltimore
Philadelphia and New York. Oficials
also state that the company corresponds
with a large number Of New York and
Chicago houses of issue.
Donald H. McKnew, q well known
local bond man. is the president, and
was one Of the originators of the COM
pany in 1924. Covert F. Crowder Is
secretary and treasurer Mr.. Crowder
vas for many years with W. H Hibbs
&, Co. Retail sales are under the direc-
ton of r. Bentley Hoeber, formerly
with Gillet & Co.
Aside from conducting retail sales
departments of any local investment
house. the company is joint owner Of
the Grove Park Inn properties, In Ashe-
vile, N. c., and is identified with sew
eral utility corporations. The officiS:e
received MANY congratulations today on
their new surroundings.
Washington Men Among Officers.
The annual meeting Of the Standard
Collateral Shares Corporation took place
at their executive Offices. II Broadway,
New York City. on February 6, 1929.
Board of directors for the new year were
elected. Gen. Kenzie w. Walker of
Washington was elected chairman of the
board. Robert o. Deyer of New York
and Paul L. James Of Washington were
reelected president and vice president
and treasurer, respectively.
The dividend declared on Standard
Collateral trusted shares for the six
months period ending January IS, 1929,
was 48.058 cents share This dividend
was paid yesterday.
Harry w. Riehl. manager Of the st.
Louis Better Business Bureau, who will
be the primary speaker at the February
Is meeting Of the Better Business Blu
reau. will be remembered by many
Washington financiers because of his
address before the American Bankers
Association at New Orleans.
Joshua Evans. jr., executive vice presi-
dent of the District National Bank, is
chairman of the board Of directors of
the Better Business Bureau He is ar
ranging for the dinner, which will be
attended by members and friends of
the Washington organization.
Details Of W., B. & A. Report.
The annual report of the Washing
ton, Baltimore & Annapolis Railroad,
including the operations of the Chesa-
peake Bay Power Co., for 1928. COM
pared with 1927, presents the following
comparisons:
Operating revenue. .s2,4ss23s Il $3.50, s6s. 81
Operating expenses,
including depre-
citation ....... =. 1S64,024.5 l,9l5,6S4. 81
Net operating revenue 36242l1.7s s6s5,6sl 81
Operating income. =. s4e2,s4o.73 $3.50, "a
Incorporating in
come .......--.., ll,UO3.04 lB,lyU. rs
Gross income .. -, s5o3,s5o.27 ss72,ess. IS
Deductions from
gross income:
Interest on bonds
and notes. ....... $54i,450.l0 s535,804. 81
Miscellaneous de-
auctions ......... 19,629.28 20.547.0s
Total deductions =. sssl,27sss ss56,sS1s1
glrplus - s57a2oY1 sIs63s "a