Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-18

Pope is general s
convention chair J. Karl seyboth.
man and promises
:, large amount of information at that
time.
The local bankers are scheduled to
play golf at the country club in the
:fternoon, the usual prizes being offered
AS the meeting comes on Wednesday,
The weekly luncheon at the Willard
will be omitted. This will give the
expert golfers time to display their links
prowesS before the bell rings for dinner
Last year more than 200 of the lead
ing bankers in the city attended this
dinner. Even those not going to the
convention find the meeting unusually
enjoyable. It gives them wonderful
opportunity to repair their friendship
fences, to mingle freely with other
bankers whom they rarely see during
The rest of the year.
The dinner is being arranged by two
members of the association, Mr.. Pope
i,eing assisted by Lanier p. McLachlen,
Tho is second vice president. II there
re any speeches at the dinner, they
ill be very brief Several high treas
'ry officials will be invited as special
tests. The committee expects the
largest attendance in years.
Seyboth Manages Banks Branch.
j. Karl Seyboth is another of Wash
ingtons younger bankers who has adj
yanced steadily to be made manager
Il an important branch Office. He is
manager of the Second Nationals
D-anch on G street, being located in a
new Office building which the bank
iuilt and opened to the public several
l.onthS ago.
Mr.. Seyboth started at the bottom
II banking. He went with the Second
ational on January 2, 1906, as a
. ?essenger. But he did not remain
,1ng in that position. He advanced
trough the various steps until elected
; Il assistant cashier, in 1919, and was
-ansferred from the main to the up
, 1wn Office In February, 1924, later be-
ilg put in full charge.
His entire interests center in banking.
I-e was born in Washington and edu-
tated in the public schools. Like SO
,-,any other bankers, he has completed
ute of Banking. The City Club Is the
t1ly organization of the kind to which
iir. Seyboth belongs.
Local Stocks More Active.
The return of sunshine to the finan-
t..al district, or some other equally i'm
;>ortant happening, resulted In gen
. al broadening out of trading on the
Tashington Stock Exchange today. Inc
.arket opened with Capital Traction
selling at 997s. The next pond sale
las in Potomac Electric Power 6s,
i1ich registered lot.
washington Gas IS, series B, moved
J., small denominations at 1882 ana
%. The same corporations B bonds
I'D at los in a $4,000 turnover. Dur
70 the session Washington Railway q
1!ectric Is sold at 86k.
In the stock department washington
Cas- sold ex dividend at 106 on small
turnover. Twenty-Five shares OF DIS
1-ict National Bank stock came out at
: 81, so shares of Columbia Title lnSur-
. nee Co. sold at 10, D. c. Paper Manu-,
acturing Co. moved at 80 and small
OTIS of Merchants Transfer q storage
referred sold at 1902.
Merganthaler Linotype was the most
ctive stock on the list, opening at lO1l2
md closing at 108. The days sales
,taled $50 shares, and during the ses-
ion the stock reached 1081s. National
!-ortgage g. Investment preferred came
rut at So; 191 shares of the newly
listed Real Estate Mortgage & Guaranty
preferred appeared at 10712.
The market closed with woodward d
rothrop selling at 10 and Potomac
Electric Power 5h per cent preferred
IS 107H.
b. & o. Offers Stock Rights.
The Baltimore g. Ohio Railroad, sub
-ct to Interstate Commerce Commission
e3proval. offers common and preferred
r:ockholders of record May the right
"a, subscribe to 411,077 additional shares
: common stock at 500 share in the
ratio of IS new shares for every 100
2mmon or preferred shares held. Rights
-;pire June 20. Payment may be made
! full June 20, or so per cent at tnat
line and so per cent December 2.
Proceeds Of this issue, approximately
IL DOC. 600, will be used for current re-
uirement and toward an extensive
,.ropram of additions and betterments,
Moulding improvements at several I'M
rortant terminals.
ON basis of Wednesdays closing price
- 1913 for Baltimore & Ohio common,
lights are worth, roughly, 50.
Heard in Financial District.
vice President John M. Riordon OF
',e Bank of Commerce 81 Savings, has
zen entertaining his brother Raymond,
no is at the head of his own private
;chool for boys in New York State. He
';.as formerly connected with the Wash
i.gton schools.
sales of new issue of 100000 shares
e Third National Investors Corporation
/, ,mmons stock at $50 a share was
nnounced yesterday by Waggaman,
srawner 81 Co., Inc, of this city;
Guardian Detroit Co., Inc, and the
;i1awmut Corporation Of Boston.
P. S. Arkwright, president OF the
.-ational Electric Light Association, will
i,s guest speaker on the Halsey, Stuart
:; Co. radio program. tonight at 10
o'clock. His subject will be "Energized
Collars" stressing the essential part
hich the investors money has played
a the progress Of the utility industry.
The Interstate Commerce Commission
-uthorized the Southern Pacific Co. to
sue SIS, 166,000 of Az per cent 40
car bonds, due 1929, and not exceeding
i9.549, 800 of 500 par common stock.
.-onds will be sold at not less than 81
rer cent of par and accrued interest
A.. nd stock viii be sold at not less than
TAR.
Hunton Again Heads r., F. q p.
Eppa Hunton, IT,, was reelected
president and director OF Richmond,
FREDERICKSBURG & Potomac Railroad
10. at annual stockholders meeting at
richmond. Other directors were re-
elected.
stockholders of Richmond Terminal
Co. subsidiary of Richmond, Freder-
:cksburg g. Potomac Railway, also re-
elected directors.
The standardized forms committee
rs the local bankers association VIII
,aet tomorrow afternoon at headquaT-
RS, F.. H. Cox being chairman.
COPPER PRODUCTION.