Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-06-14

w. L Z i Z "
changed hands at
100% and Potomac
Electric Power 5l2
per cent preferred John C. Yo.t.
registered 1861.
Washington Gas failed to appear or
the board following the announcement
that New York interests headed by d
A. Pearson had secured stock to take
control OF the company. The market
closed with l21 bid and l25 asked.
While the change in control has
aroused deep interest among exchange
members, the utilities interests supposed
to be represented by Mr.. Pearson are
still unknown here. incidentally a
canvass today of Washington bankers
also failed to shed light on the new
owners. In all transactions to date, SO
far as can be learned, only Mr.. Pear
son or some New York brokerage house
have figured.
On the local exchange today bonds
were in pretty good demand several
$1,000 and larger transactions being re-
corded. Quotations were steady.
Mortgage Firm Elects Oficerx.
The Real Estate Mortgage g. Guar
anty Corporation yesterday, at its Office,
held its annual stockholders meeting,
at which the following directors were
elected Henry L. Breuninger, Charles
A. Garry, C. S. Duncan, Sol Lansburgh,
William Muehleisen, Thomas Somer-
vile, jr.; L. E. Breuninger, Fred Drew,
Edward C.. Ernst r. L. Neuhauser,
Thomas Somerville, w. F. Sickle, Ar
thur Carr, T. C. Dulin, Hayden Johnson,
Horace @. Smithy, Anton Stephan ana
Donald Woodward.
After adjournment of the stockhold-
ers' meeting the directors meeting was
held, and the following officers were
elected to serve for the ensuing year:
President L. Z. Breuninger; vice presi-
dent, Thomas Somerville; vice presi-
dent, Roy L. Neuhauser; secretary, Will
xner r. Sickle, and treasurer, Anton
Stephan. Hayden johnson was reap
pointed general counselor
The directors declared a semi-annual
dividend ut per cent per annum on
the preferred stock of the corporation
to stockholders as Of record of June 20,
dividend to be ayable July /.
Yost Long at Banks Helm:
Fellow bankers paid John c. Yost an
either tribute this week when he was re-
elected president of the East Washing
ton Savings Bank at the organization
meeting Of the trustees. Mr. Yost has
been connected with the bank for al
most IS years, or ever since 1t was
founded. He was one Of the original
trustees, and has been head of the In
stitution for considerably more than
decade.
Before entering the banking field to
give it all his time, Mr.. Yost was a
highly successful building contractor IN
washington. In addition to his service
with the East Washington Savings Bank
he has been a director for the past 80
years in the National Capital Bank. OF
which H H. Mckee is president.
I,a1 rNf Ne
life in Washington, he was born IN
Maryland He has always been fond of
banking and naturally adapted to 1t
Even In his school days he displayed
almost remarkable ability In mathe-
MATES, some of his friends still recall
ing his lightning speed with figures.
At meeting of the, board OF
directors Of the Lincoln Investment
Corporation, held at the offces OF the
company in the American Building, it
was voted that the regular quarterly
dividend of ~ per cent on preferred
stock outstanding as OF June 81, be paid
on July to stockholders Of record. A
dividend of Is cents per share was
voted on the common stock.
A dividend of per cent was de-
elared by the board of directors Of
the Citizens Mortgage Corporation yes
Serday according to announcement by
President Joseph Schiavone.
The company has been in operation
less than four months and there was
considerable enthusiasm over IT'D
achievement at the stockholders meet
ing, which followed the directors meet
ing.
Robert N. Harpet, president Of the
District National Bank addressed the
meeting Of stockholders. s.. Floria Is
vice president Of the Citizens Mortgage
Corporation, and Frank p. Fuller Is
treasurer.
Committee to Study Banking.
Controller John w. Pole Is to name
o special committee of banking ex-
perts to study thoroughly the nation
al banking system and make recon-
mendattons to Congress for remedial
legislation. Withdrawal of banks from
to be considered serious problem
The committee will have five or six
members, who will represent all parts OF
the country.
The controller Of currency's once Il
now engaged in compiling facts and
statistics for consideration of the COM
mittee. These facts concern branch
banking Withdrawals and changes ir
the national system and such Other
material rs the ONCE feels will be Of
INTEREST,"
Jesse L. Suter Of Hartman g. Co
and Frank p. Morse, manager Of Selig
man d Co., who are on a motol
trip In Europe, are now In Spain. Al
last accounts they were visiting Madrid
Toledo and Saville.
Again this year the annual conven
sion of the Virginia Bankers Associ
alton comes on the same dates as thu
District Bankers Association session
The Old Dominion bankers meet a
Old Point Comfort, their favorite stamp
ing ground.
District of Columbia week will be OBJ
served from June % to 28 at the bank
ers' industrial exposition in New York
All manufacturers in Washington who's
products are of interest to bankers AM
Industrial organizations will be invite
to send exhibits John Poole Is
member of the expositions board o
directors.
The local delegates to the A. I. Z
convention at Tulsa have been take
on q 2O0-mile sightseeing trip throug
the Oil fields and Pawnee India
reservations. Miss Minerva Dean @
Pittsburgh has been elected chairma
Of national women's committee, &C
aording to word from A. z. Hence, hea
Of the local chapter.