Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-06-24

1QenC OF the WASH -
' in g ton Savings J. HuntOn Leith.
Bank.
Other financial men asked to serve
the bureau again are W. w. Spaid
partner in w B. Hibbs & Co; Edward
G. Baltz of the Perpetual Building AS
sOciation. and NJ G. Gibbs, president
Of Peoples Drug Stores, Inc.
Five new trustees are to be chosen
at the same meeting. four Of whom are
from the financial district. These in
clude Y. E. Booker Of y. E. Booker g.
Co; Thomas E. FARRELL, president of the
Thomas L. farrell Co, and the Wash
ington Savings Bank; c. H. Pope, vice
president of the Munsey Trust Co, and
E. P. H. Siddons, secretary Of the Amer
lean Security & Trust Co. The other
new candidate for trustee is Gerald
Grosner.
Louis Rothschild. director of the bu-
reau, will make his annual report, which
is certain to show an unusually busy
year and valuable service rendered to
Washington investors. The nominating
committee, which has drawn up the
official slate for the coming year, in
Guides B. B. BTgender, chairman; Will
liam G. Galliher, Thomas E. FARRELL.
Howard Moran, Herbert ]. Rich and
w w. Spaid
Phone improvements Voted Today.
Additions and Improvements to tele-
phone plant in the District of Columbia
authorized by the board of directors
of the Chesapeake 81 Potomac Tele-
phone Co. today Will involve eXpendi-
lures of 1912 900 This brings the total
amount authorized for additions and
beJtermentS to the telephone system in
Washington so far this year, to S76l,
SIS.
The routine estimate for the third
quarter of the year involving eXpendi-
lures of S425,0 was included in the
appropriation made by the directors.
Under this project additional under
ground conduit and cable, sWitchboards
and other central Office equipment and
telephones and associated apparatus
will be installed in every section of the
District.
Leith TO Edit Bank Bulletin.
Lanier p. McLachlen, president of the
District Bankers Association, has APP
pointed T. Hunton Leith. assistant
cashier. Security Savings 81 Commercial
Bank and executive councilman of the
American Institute of Banking editor
of The Bulletin, monthly publication
of the District of Columbia Bankers
Association, succeeding Aubrey o.
Dooley assistant trust officer, Federal
American National Bank, who has just
been elected chairman of the Institutes
national publicity committee.
Mr. Leith was business manager OF
Dollars and Sense, quarterly publica-
ton of Washington Chapter, American
Institute of Banking, in 1920. He served
the chapter as secretary in 1921 and
1922. became its second vice president
in 1924, first vice president in 1925 and
president in 1925.
Loan Association Officers.
The Kenilworth Building e. Loan As
ISOLATION, at the annual meeting held
yesterday elected the following officers
for the coming year:
Charles A. Appleby, president; Sam
uel K. Murphy. vice president; John S.
Driggers, treasurer, and Fletcher V
Shipley, secretary. The directors are:
George j. Baur, J. J. Miller, l. D. Wise
man, Mrs. Jennie r. Driggers and John
S. Bandon.
Will Direct A. b. a. Convention.
D. S. Hunter and F. w. Donahoe have
been engaged as directors of the annual
convention OF the American Bankers
Association convention to be held in
Cleveland September 30 to October 3
The directors will coordinate the work
of the various committees which are
making elaborate plans to entertain the
1000 bankers from all parts of the
United States who expect to attend the
convention.
Mr. Hunter has been in trade associa-
ton and convention work, with head
quarters in Cleveland, for II years. He
has had wide experience in planning
and organizing
Mr.. Donahoe went to Cleveland re-
Gently from Washington, where he spent
several years in charge of work for
number of trade associations and indus
trial groups.
Lively Trading on Exchange.
Bonds we're in particularly good de-
mand in lively days trading on the
Washington Stock Exchange. Capital
Traction SIS, Georgetown Gas SIS, Wash
ington Gas issues, Potomac Electric
Consolidated SIS and Anacostia & Po-
tomac Railroad SIS figured in many
transactions during the session, recent
quotations being well maintained
In the stock division CAPITAL Trac-
ton sold in several small lots ex-
dividend at CO. The stock appears to
have hit bottom around this figure.
Norfolk g. Washington Steamboat
rights came out at 1871, while Wash
ington Gas Light stock sold at 100
and 1921. Railway & Electric pre-
ferred appeared on the board IL small
lots sales at 90.
National Savings & Trust Co sold
at $50, Columbia Sand g. Gravel pre-
ferred moved al 9ll2, and Mergenthaler
sold eX-dividend at &c. Merchants
Transfer & Storage preferred sold eX-
dividend at 974. The closing stock
sales was in Potomac Electric Power
6 per cent preferred at 110a4.
The eXtra dividend list is the long
est it has been in many weeks. Mer-
chants Bank q Trust and the Lin
coin National are among the latest
bank stocks to be so quoted.
Heard in Financial District.
The Commercial National Bank has
declared the regular quarterly dividend
of 2l2 per cent on the capital stock,
payable July l 10 stock OF record
June Is.
Maurice Otterback, president of the
Anacostia Bank, has recovered from his
recent illness, which kept him from the
bankers convention after he had his
reservations for several weeks.
William D. Hoover, president of the
National Savings & Trust Co., has been
taking a few days vacation
John NJ. Riordon, executive vice
president of the Bank Of Commerce 81
Savings, leaves here the last of the week
TO see his daughter sail from New York
for Europe and to visit brother in New
Dwight r. Scott. Frank D. Roach,
John H. Snyder, Joseph w. Gibson.
George tt. Howard. Henry Bell, Ray
Jones. H. stAwrehca Chsate and Lewis
Thomas ara IN Newark n. j., this week
attending the national agency conven-
ton of the Mutual Benefit Life Insur-
ance Co.
Eight groups declined and two adj
vanced. OF the total items 81 declined
and advanced. The larger declines
occurred in grains, live stock, cotton
foods other than fats metals and gaso-
line. Advances occurred in fats and
hardwood.