Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-08

board at "a, and ss.szs9 - ny
la ero sold in a Thomas r. Preston.
944. Washington Gas baby bonds
series A, brought 1925, and a $10t
series B, 1854.
In the stock division National Banl
| Of Washington shares moved at 3l2
! Ten shares of National Savings g. Trus
sold at SIG and 20 more at SIT. Capita
| Traction came out at 1864 and Poto
mac Electric per cent preferred at 112
In light trading Mergenthaler sold a.
! 1033A.
Barber & Ross common sold to thu
! extent of Is shares at 20.
Hazen Heads Building Association.
At the annual meeting of the Colum.
bia Permanent Building Association
! held last night at the Offices of the
association, Melvin G. Hazen was elected
| president; William P. Richards, vlct
president; Floyd Z. Davis, treasurer
Fred A. Smith, secretary, and c. Gin
ton James, attorney.
The following directors will manage
the affairs of the association for thu
ensuing year: Melvin c. Hazen, FloyC
E. Davis, Alfred H. Taylor, Alpheus E
Riddle, William P. Richards, Thoma!
P. Bones, L. Perry West, Howard r
Norton and Fred A. West.
Floyd E. Davis and William P. Rich.
ards were elected to the appraisal COM
mittee and Walter c. Davis and Ernes
M. Colvln were elected trustees The
| finance committee is composed of Mel.
YIN c. Hazen, William P. Richards anc
| Alpheus E. Riddle Last year was one
hnc ~ Ii
| association, showing q gain in assets Of
nearly $4,000 Total assets of the
| association this year are nearly 5000 900
Smallest Bank Customers Aided.
Never before has the public owned SC
large an interest IN the banks as now
Ownership OF banks by the few is pass
ing to the many. Stocks of banks as
well as other corporations were never
so widely distributed as now. ANY one
who desires to do SO, says Thomas r
Preston in the Bankers Magazine can
own stock in any of our great banks
or any of our other great institutions
The standards in banking, as well as
everything else, are on a higher plane
today than ever known before.
AS banks are public institutions, they
should go more than half way to meet
public requirements. Approaching this
responsibility, many of the great finan-
clal institutions now have departments
rendering complete service to Their
smallest customers, and this is a splen-
did tribute to the wisdom of the man.
agement of the banks of this country
as a small man is just as much en-
| titled to financial consideration as the
largest corporation.
A man can now borrow 500 from
great Wall Street banks or open an &C.
count with most of the great banks OF
the country with SIS. Bankers are the
one class of people that touch life
at every angle, MFR. Preston asserts.
Richmond Dairy Bonds Offered.
j. A. w. Iglehart & Co.. is offering
new issue of 100000 Richmond Dairy
Co first mortgage 15-year per cent
gold bonds, with stock purchase war
rants. The bonds are priced at SO, tc
yield about 610 per cent, and in addi-
ton provide for refunds of State, coun-
ty and municipal taxes not exceeding
mills per annum in the aggregate
Application will be made to list the
bonds on the Baltimore and Richmond
Stock Exchanges.
Commodity Prices Lower.
Prices Of commodities during the
| week ended January 5, declined Sc
| slightly as not to change the inde1
according to the wholesale price indie!
of the National Fertilizer Association
The chief declines were in cotton, but
ter, sugar, gasoline and tankage. Ad
/ vanceS occurred in feeds and live stock
copper and copper wire and lubricatins
oil. Since September prices have de
clined slightly more than per cent.
Chapter Governors to Meet.
James A. Soper of the Lincoln Ma
tional Bank, president of the Wash
lngton Chapter, American Institute o
Banking, yesterday announced a meet
ing of the board of governors of tn
chapter tomorrow night at association
headquarters. T. Huntcn Leith of tn
| Security Savings g. Commercial Bank
| chairman of the banquet committee
of the chapter, will meet with hi
group at the same time and place t.
discuss plans for the annual banquet
Trust Conference Date Set.
The tenth annual mid Winter trus
conference, under the auspices of tn
Trust Company Division, American
Bankers Association, will be held il
New York, February 10, IA and IS, a
the Commodore Hotel. Invitations wi
be sent to more than 5000 trust com
panies and banks doing a trust bust
ness, throughout the United States. ask
ing them to participate in the confer
ence, which will deal with the foremos
problems of settling estates and admin
istering trusts.
Annual Bank Meetings Held.
AS noted elsewhere in todav's sta,
many national banks, trust companie
and savings banks held their annus
meetings today. The Federal-America
National added four new directors, TIL
Franklin National two, while the Uniol
Trust Co, National Metropolitan. Nc
Lachlen Banking Corporation, Wash
ington Loan & Trust and Second Ma
tional each added one new directo
Many other banks reelected the sam
boards.
Heard in Financial District.
G. Bowie Chapman, resident partne
of Hartman & Co., has returned frol
a few days spent in New York on bus
ness.
Checks covering the nineteenth cor
secutive dividend payment at the raj
of 7 per cent have been mailed
stockholders of the First National Ct
according to Col. c. w. Pratt, loo
representative of the company.
Business in the United States is ger
orally satisfactory, as seen by Secretal
of the Treasury Mellon. There ha'
been no complaints received from bus
| ness of any credit shortage, accor,
ing to the Secretary. While call rat
are high, it is stated that bank rat
to industrial and commercial borroy
ers are on usual basis.