Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-06-15
GAS STOCK SALES
OFFER EXPLAINED
Company Tells Shareholders
of SIPS Bid Made by
D. A. Pearson.
BY EDWARD C. STONE.

bN EDWARD ~ 6IVNE.
In connection with the change in
control Of the Washington Gas Light
Co. the following letter asking them to
turn over their stock was received by
the shareholders today.
ITO the stockholders:
The directors of the Washington Gas
Light Co. have sold to Mr. d. A. Pearson
their stock in the company for $125 per
share, with the understanding and
agreement on the part of Mr.. Pearson
that he will purchase, at the same price.
the shares of all other stockholders OF
record as of June IL. 1929, who may
desire to sell, If delivered to him on or
before June 81, 1929.
IF you should desire to sell your stock
10 Mr.. Pearson. please deliver the same,
signed and ready for transfer. to the
Munsey Trust Co. of Washington. d. c..
to be paid for on delivery. This must
be done on or before June ~, 1929.
Very truly YOURS,
ORD PRESTON, President"
Ellis Bond Club President.
At the annual election Of the Wash
hngton Bond Club. In connection with
the outing yesterday at the Burning
Tree Club, Franklin H. Ellis Of E. II.
Rollins 81 Sons was elected president:
Sidney T. Thomas, Gillet & Co., vice
president and Lawrence M. Proctor Of
Alexander Brown g. Sons. secretary and
treasurer w w. Mackall, manager of
stein Bros. IL Boyce, and Baker Rob-
inson OF the National City Co. were
elected to the board of governors.
More than 90 bond men enjoyed the
cutting one the best yet held. Carroll
Morgan Kenneth S. Weles, F. H. Ellis,
Sidney T. Thomas and Robert Stead
were the committee. The golf events
started at o'clock.
James Johnston of Irving q john
nton, was awarded first honors in golf,
and D. H. McKnew, Southern Securities
Co.. second, while e. S. Hull OF Bon
bright d Co.. received the BOBBY prize.
In the obstacle golf contest w. B. Van
Devanter of the Guaranty Co of New
York. took the first prize. and r. H.
Ellis of E. H. Rollins & Sons, gsrnered
second honors.
In the stock exchange trading prizes
were won by Thomas w. Brahany OF
Crane, Paris IL Co., receiving radio
set. Richard winder, a set of matched
Eelf clubs and bag. and W. B. Van
Devanter, a wrist watch.
Seats on this stock Exchange Of the
Bond Club of Washington Outing Co."
were in, great demand and trading was
at q feverish heat throughout the ses-
sion The market was very selective
with both bull and bear movements in
progress at the same time, causing
great deal of arbitrsge.
First ping pong honors were award
ed to Van Devanter and Freeman,
while second honors went to Morgan
and Parker. During the dinner music
was furnished by Bill Reeves and his
orchestra, The QUESTIONABLE con-
Quoted in connection with the election
of the officers was one of the hits OF
the evening.
Fleming Honers Associates.
Gold pencils engraved with their
names were presented to members OF
the council of administration of the
District of Columbia Bankers Associa-
tion yesterday by retiring President
Robert v. Fleming as his tribute to
their service and assistance.
Following the . meeting President
Fleming, T.. j. McQuade, secretary of the
association; First Vice President Wilmer
J. Waller and Frank J. Hogan. general
counsel Of the association, notored to
the home of Charles j. Bell its first
president. to present him with q framed
and engroSsed copy OF resolution AK.
pressing the sympathy of the aSsocia-
ton for his Illness and its nope for a
speedy recovery. The resolution was in
troduced at a meeting of past presi-
dents earlier in the week by Past Presi-
dent II. H. Mckee and passed by the
assembly.
Members Of the council of the adj
nninistration. besides Messrs Fleming.
McQuade and Waller, are Lanier p. Nc
Lachlen, Albert S. Galley Charles H.
Doing, G. H. Pope, John M Riordon, j.
Frank White and w. w. Spaid.
Leith Wins Exciting Contest.
As noted in the $50 edition of The.
Star yesterday, T. Hunton Leith, as
sistant cashier of the Security Servings
d Commercial Bank, was elected to the
national executive council of the Amer
lean Institute of Banking yesterday aft
ernoon. Further information shows
that there was a hard fight and the
young Washington banker and his as
sociates deserve great credit, for the
success attained.
hcer Of the Federal-American National
Bank, was elected to the national pub
Iicity committee. Dollars and Sense,
the publication of Washington Chapter
was awarded first prize In the publica-
ton contest. The president for the
coming year Is J. W. Evans Of Dallas
Tex
The local member of the national
council. Mr.. Leith, has been a leader
In Washington Chapter for several
years. having been president and hold.
ing most of the other important Offices
and committee assignments He has
been on the board Of governors and was
one of the delegates to the national
conventions at Kansas City, Dallas.
Detroit and Philadelphia. He was q
candidate for the same national office
last year, but competition from other
larger chapters was too keen
He entered the employ of the Security
Savings 81 Commercial in 1914 as a
bookkeeper and was advanced through
the positions of savings teller, collec-
ton teller, manager of new business de-
partment to assistant cashier in 1926.
He served in the Coast Artillery during
the war.
Bank Declares Dividend
The directors of the United States
Savings Bank have just declared their
regular quarterly dividend of ~ per
cent, payable June %, 1929.
Markets at q Glance