Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-19

OgOen Mills, WHICH
occurred b o u / T. Huntou Leith,
The only other business transacted wa
OF a routine nature
J. The meeting was held in this city
instead of in New York as is customary
It happens that it is the first time tn
board has yer met here. although twC
of the directors are Washington resi-
dents. Edward j. McQuade. vice presi
dent of the Liberty National Bank. ant
: Attorney Frederic D. McKenney. Their,
is also a large amount of stock HEX
here.
Local Securities Steady Today.
Prices we're steady on the Washing.
ton Stock Exchange today. Railway 6
Electric sold ex-dividend at 98s, anc
9s3s, Capital Traction moved at 1o6
Lanston Monotype at 1913 and People.
Drug Stores preferred at 119. Terminal
Refrigerating 6; Warehouslng Corpora
ton came out at Sis.
TWO bank stocks appeared on the
board. Merchants Bank & Trust co
selling at 154 and 1873 on small lo'
transfers. Two shares OF American
Security g. Trust Co. moved at 412.
Bond trading was confined 70 Poto'
mac Electric Power, Washington Ran'
way g. Electric and Capital Tractlon Is
sues, which sold at recent Levels.
Duckett Heads Title Company.
At the meeting of the board OF oil
rectors of the Title g. Investment co
of MARYLAND, held at 923 Flfteentn
street late yesterday, T. Howard DUCK
EFT was elected president of the CON-
pany. The Title e. Investment co. pur
chased the business of the Title Guar
/ antee Co. of Maryland of which Mr.
Duckett was president.
I The company engeges in the exam
L nation of titles and making OF nrsi
/ trust mortgage loans in Montgomery
and Prince Georges Counties.
/ Mr.. Duckett is prominent in business
circles in Washington and Maryland
He is president of the National Capita
/ Mortgage Co., president OF the Tue
I Guarantee Co. of Maryland, vice presl'
dent of the Maryland Mortgage Co.
vice president of the Arundle Mortgage
( Co. vice president of the Prince George:
} Bank at Hyattsville. chairman OF the
1 washington Suburban Sanitary Com
1 mission. member of the Maryland-Na'
I tional Capital Park g. Planning Com
mission and secretary OF thu
/ u. s. Air Transport.
/ The officers of the Title & Investment
/! Co are: President, T. Howard Duckett
I vice president, Eugene A. Smith; vici
I president, A. c. Bishop; secretary
I Clarence F. Donohoe; treasurer, l.. L
/. Nicholson. jr; assistant secretary-treas'
! urer. E. w. CiSsel; assistant treasurer
George S. Cartner, and title oh1cer
/ Robert S. Bains.
The directors include A. G. Bishop
{. Norman C. Brown. Clarence F. Dono-
I hoe, T. c. Dublin, Joshua Evans. jr.
Robert D. Hagner, George F. Hane
Karl z. farrell, l.. L. Nicholson. jr.
Vernon G. Owen. Thomas w. Perry
Benjamin c. Perry. E. L. Schmidt
Ernest l.. Smith, Eugene A. Smith, j
Curtis Walker and Henry F. West
heimer.
Aircraft Stock Offered Here.
Townsend Scott & Son, Baltimore. ant
Ralph B. Leonard g. Co. are offerinf
new issue of $4,000 shares Of class A
voting stock, no par value, of the Der.
liner-Joyce Aircraft Corporation at $2(
per share. capitalization consists Of
$4,000 shares of class A and 10000
shares of class B stock, the majority Of
which will be held In escrow for perioc
Of years. Glass A stock is non-callabls
and is entitled to preference dividend:
Of $50 per share per annum, cumula.
tive after January /. 1890. and to par
ticipate with class B stock in all othel
dividends, share for share. In the even
Of sale of the company, class stocl
is entitled to preference of $40 and &C.
crued dividends per share over class Z
stock and shares equally with class Z
stock in all additional assets.
The corporation is the outgrowth o!
the Berliner Aircraft Corporation o.
Alexandria, Va, and was organized BY
Henry A. Berliner, experienced in air.
craft construction and operation. Thu
company's plant has been located II
Baltimore, where a new factory will b.
completed this Spring. Connected with
the firm are Mai. T. N. Joyce, Frank S
Hubbard. William H. Miller, William
Wait, jr.; Earl P. Osborn and T. E. Pell
Auditors Section Meets Thursday.
The recently organized auditors sec
ton of the District Bankers Association
Of which j. Damn Faber of the Ameri
Security g. Trust Co. is president
VIII meet Thursday evening at the Uni
Iversity Club, the session beginning a
$50. Mr.. Faber announced today tina
4 guest speaker. He Is an expert on tn
| income tax and will speak on that sub
Ject.
II Over 500 to Attend Dinner.
III Chairman T. Hunton Leith of the A
l. B. banquet committee said today tina
H over 800 are expected to attend tn
/ annual dinner, which takes place a
| the Willard Saturday evening. The at
/ tendance last year was 825 and prac
I tically the same number are plannin
/ to be present this year. AS a matter O
! fact, that Is about as many as the in
stitution committee can provide for.
III Commodity Prices Steady.
Il Prices of commodities during the wee
ended February Is showed no materis
change from the previous week accord
ing to the wholesale price index Of tn
II National Fertilizer Association. A rail-
/ occurred in prices of lard, butter. an
linseed oil, and advances occurred
! wheat, hogs and automobiles. Decline
occurred, however in foods, petroleum
Z gasoline, hides and leather.
Financial District Notes.
: ]. William Harrington of w. B. Hibl
a. Co, who has been confined to n
home for Is weeks with illness, has n
covered sufficiently to go to Florid
where he hopes to regain his healt
more rapidly.
p Arthur Foraker, manager of the loc
office of Eastman. Dillon 81 Co, is on
short business trip to Cincinnati.
The Chesapeake Corporation has d.
cleared the regular quarterly divider
of rs cents per share on common, pa.
able April TO stock of record March
/ F. w. Woolworth Co. last year set
new record in volume of merchandi
sold. as well as net profits. Sales ga
of $14,565 900. about 5.34 per cent, WI
close to normal and brought the year
volume to 1921, 3l3,687. The balanC
for the 100000 shares of coHmt
tNstock, $35, 1886, SOC, equaled $907 shAr
1tIt was slightly higher than the $3s
S5o,473. or 5000 a share, returned I
1927. -..........