Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-03-13

preferred sold at SM
107ls, 200 shares
OF National Mort - k-. -
gage 81 Investment p. !. Fischer.
preferred came out
at 47a. 20 shares of Real Estate Mort
gage e. Guaranty preferred sold at
and 10 shares of Carpet Corporation at
1924.
In the bond division, Washington
Railway 81 Electric As, washington Gas
issues and Capital Traction IS figured
in the days transactions, selling around
recent levels.
Fischer, Sears, ROebuck Manager.
P. J.. Fischer has been appointed
manager OF the washington district OF
Sears, Roebuck g. Co. Mr.. Fischer has
been engaged in department store work
for many years with several OF the
largest mercantile houses in the coun-
try. During his connection with Sears,
Roebuck, he has managed several OF
the company's largest Eastern estab-
MI FISCHER viii have under his
jurisdiction the washington store and
the Richmond store as well as the re-
tail stores in Lynchburg, Newport
News Norfolk, Roanoke, Va, and VIII
naington, N. G.
IN washington will be concentrated
The district administration ofhces OF
operating. merchandise, advertising and
accounting divisions, under Mr..
Fischers direction.
I'VE shall have a compact and more
efacient system of operation OF the re.
tail stores in this territory because OF
the creation of the Washington dis
trict,n said Mr.. Fischer. I'VE shall OF
course, continue to secure our employees
locally for each store insofar as is pos
sible, and there will be no difference IN
the contact with the business life OF
the various cities in which we are do
ing business.
THE creation of the Washington dis
trict merely means that the company
has decided to place headquarters Tor
these retail stores little closer TO the
stores themselves and through this act
improve the service to the customers
In every way possible"
Bankers Death Causes Shock.
The sudden death of Francis w.
Stone. vice president of the National
savings q Trust Co.. last night caused
q shock In the local financial district
today. Mr.. Stone was IS years old ana
had been with the trust company Tor
the past 80 years. In constant hight
against Ill health he won admiration by
refusing to retire from banking. He
leaves an excellent record as banker
as well as a host of loyal friends.
Federal Storage Dividend.
The board Of directors of the Federal
Storage Co., has declared the regular
quarterly dividend of 2 per cent, &C
Z. K. Morris The disbursement is
payable or April Is to stockholders OF
record at the close of business March 81.
Over 100000 Pennsy Stockholders.
The number of Pennsylvania Rail-
road stockholders has passed the 200,-
600 mark for the first time in the COM
panys history This is shown by
report Just completed and issued today,
placing the number of shareholders
registered on the books at the record
breaking figure of 205,263.
The new figures show an increase OF
e,144 over the January peak, ana OF
5l,756 as compared with the cores
ponding figures for q year ago:
Pennsylvania Railroad stockholders
have been rapidly increasing in recent
months This has been, in part, due
to the general tendency to more d.
yersifed ownership of the company's
stock by permanent investors, which
has been going on for long period
of time, but more particularly results
from the allotment at par of new stock
20 both stockholders and employees.
Acacia Reports Good Gains.
According to figures Just made pub
lie through headquarters here OF the
Acacia Mutual Life Association, total
business placed thus far this year Is
well In excess of 100000, with q net
gain Of $2,500,000. The total insurance
In force at the present time Is ap-
proximately $3.50, DOC, 600, it is stated.
New Director Elected.
At a meeting Of the Home Build
ing Association DR.. George B. Roth was
elected as a director to fill the unex.
PRED terms of Morris Hahn, who had
resigned on account Of Ill health.
Graymur Corporation Elects.
At the annual meeting Of Graymur
CORPORATION directors were reelected.
G. Mp. Murphy, chairman OF the
board, stated that the $500 shares o!
fhe corporation's stock held at the END
of 1929 had been resold since at a pront
He also stated that the liquidating value
of the corporation as Of March 6, 1880
was $49.52 a share, compared with sou
net received by the corporation from
the sale of its stock last Summer.
Bankers Arrange Bowling Match.
The Security Club of the American
Gecurity e. Trust Co. and the Riggs
Bank Club have arranged bowling
matches for Saturday afternoon at Con-
Vention Hall, in which eight teams OF
Ave men each will take part, and two
teams of ten girls each, making Sc
participants. H. T. Kimball Is president
of the Security Club and @. Harry
Morris of the Riggs Bank Club.