Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-10

Hoffman Veteran Insurance Man.
William M. Hoffman has just been
reelected president of the Firemens
Insurance Co. of washington after
holding this office since January b,
1921. The honor is considered fully de-
served, since he will have completed 80
years service with the company by
next June.
1t was as youth of 10 in the Sum-
mer of 1892 that Mr.. Hoffman entered
the employ of the company as clerk,
after having completed his education
in the public schools of Georgetown,
where he was born on September 81,
1873. In August, 1908, he was elected
assistant secretary of the company,
being made secretary four years later.
Mr.. Hoffman has resigned from most
Of the clubs to which he formerly be-
longed, but retains his affiliation with
the Washington Board of Trade, the
National Board of Fire Underwriters,
the National Press Club and the Wash
ington Golf and Country Club. He
stands high in Masonic circles, having
held several important offices. He is
past master of Potomac Lodge, No. 5,
of Georgetown and also past high priest
of Potomac Chapter, r. A. M, of the
same section of the city.
Eight New Directors Elected.
At the annual meeting of the directors
of the International Exchange Bank late
yesterday eight new directors we're add
ed to the board and the old ones re-
elected. The directors reelected were
Hugh w. Barr. Peter Borras, Henry M.
Camp, Fernando Cuniberti D. del Vec-
chic, Frank j. Kaufman, jr.; Hugh H.
Obear and Louis Rosenberg. The new
directors are Attilio di Girolamo, Jo-
IY1{r r..
Jaffe, Jerry Maiatico, DR.. r. Manganaro,
George Vournas and Elias Weinstein.
The following officers also were re-
elected: Fernando Cuniberti, president;
Hugh w. Barr, vice president; Frank j.
Kaufman, jr, vice president and
cashier; Walter E. Birch, assistant
cashier, and Leonard H. Hoyle, assistant
cashier.
The directors also declared the regu-
lar semi-annual dividend of 3 per cent.
Claggctt Shares Votes Dividend.
Announcement was made today by
z. Joseph Aronoff, resident manager of
Strabo v. Claggett Co. and a director
in Claggett Shares Corporation, that
the latter company earned for the
quarter ended December 81, 1929, at
the annual rate of S292 share and
had declared an initial dividend of so
cents a share, payable February / to
stockholders of record January 20.
Mr.. Aronof is highly enthusiastic over
the outlook for the next five years. He
expects good business recovery this
Spring, stronger bond market this
year and that common stocks will
maintain their popularity.
Capital Traction Co. Officers.
AS noted in late editions of yester-
InI
elected president of the Capital Trac-
ton Co. at the annual meeting. Other
officers are George E. Hamilton, chair
man of the board H. D. CHAMPION
vice president, secretary and treasurer;
John Fleming, assistant secretary, and
c. B. Koontz, assistant treasurer. The
directors include George E. Hamilton
Edward j. Stellwagen, John F. Lar
combe, John M. Perry, John H. Hanna,
Charles c. Glover, jr.. and G. Thomas
Dunlop.
Passenger revenues for the year
amounted TO s3,937,l71 A, decrease
over 1923 of Sl04,307.55.
Bus passenger revenues totaled S247,-
670.33 in 1929, an increase over the 1929
total of S4,68928.
Special bus revenues amounted tc
s73,059.43, an increase during the year
of So, 604.36.
NcJ OpeI dIlilR IGNbIlueS Oh The SdDlLdI
Traction Co. for the year reached the
sum of $l,229 534.50, a decrease over
the previous year of S49,63237
Gross income for the year amounted
to $928,8l1.63, slump over 1923 OF
45,3l398
After all deductions from gross in
come. amounting to over $366.000. the
company had a total net income Of
1851 .374.43, decline of $50, 431.17.
The credit balance ut the close of tbs
year was $3.50 592 96. or a decrease com.
pared with 1923 of s248. 534.63.
y Capital Traction Advances.
Capital Traction stock jumped yes
terday's price of 77Ia to 81 on TIT
Washington Stock Exchange today
The stock was bid upward on turn
over of only Is shares, 10-share 10
and a 5. The market closed with 81
offered for the stock and SO asked. TIL
annual report, out yesterday and tn
Decent fare ruling by the Suprem
Court in the Baltimore have attracts
special attention to Capital Traction.
Washington Railway e. Electric sol
today at 40, three shares of Nations
Savings 81 Trust Co. sold at 513, an
a single share of Potomac Electric pc
cent preferred appeared on the board a
11015. There were six 10-share-lo
sales in Commercial National Co. pre-
ferred at 99ia and six more at the sam
figure after call
Washington Gas A and B IS an
Capital Traction IS were the only bond
in demand today.