Evening star., 1930-12-17

1900, was born in u
Washington in 1887
and received MS
education in public Lsaz -
and private schools r. Hoskinson.
here. He is mem
Der of the Board Of Trade and belongs
10 the Washington Golf and Country
Club, Blue Ridge Rod and Gun Club,
and the Southern Maryland Society.
He has been active in the work of
the local bankers association, having
served many times on the Commercial
Trade Activities Committee and the Pub
Hcity and Press Committee. He has
been particularly useful to the associa-
ton as chairman and vice chairman
of the credit bureau, which he was
especially instrumental in getting es-
tablshed on a solid footing.
Mr.. Hoskinson has also served on the
council of administration and has been
vice president for the District of Colum-
bia of the national bank division of
the American Bankers Association and
an alternate member of the Nominating
Committee of the A. B. A In addition
70 his standing committee work, he
was chairman of the convention Trans
portation Committee in 1926 and in
other years served on the Program and
Entertainment Committees.
BOwIes Also Experienced Banker.
B. Agee Bowles. the vice chairman,
has been with the Potomac Savings
Bank for 81 years. He was born in
Goochland County, Va, attended the
Washington public schools and holds a
law degree from Georgetown University
He is President of the Georgetown
Citizens Association and vice president
, of the Federation of Citizens Associ-
ations of Washington.
His u-0ry f0r the District RankarS'
Association includes membership on the
council of administration, Commercial
Trade Activities Committee, Unprofit
able Accounts and Business Activities
Publicity and Press, Advertising and
Treasury Relations Committees. On
several of these committees he has
served several years.
dr. Bowles was chairman of the Con-
vEntion Transportation Committee in
1925, vice chairman of the same COM
naittee in 1924, vice chairman of the
Entertainment Committee in 1928,
member of the Press Committee in 1929
and the Transportation Committee in
1880.
More Local Dividends Voted.
Directors of the Columbia Plano
graph Co., Inc, have declared the reg
ular Semi-annual 3 per cent dividend
and also an extra dividend OF per
cent. according to announcement today
by John A. Eckert, president and gen.
eral manager of the company. Both
disbursements are payable January l.
The company has paid a regular per
cent semi-annual dividend for many
years. In spite of present conditions
the concern has done an unusually good
business during the past year and the
officials were much pleased to be able
TO add an extra payment at this time.
Directors of the American Security g.
Trust Co. at a meeting late yesterday
declared the regular quarterly dividend
Of per cent and an extra dividend OF
2 per cent, both payable January 10 to
stockholders of record December 81 The
directors also voted the usual Christmas
bonus for all officials and employees OF
the trust company.
Tobacco Prices Hurting Trade.
Preliminary reports from the Federal
Reserve Bank of Richmond indicate
that trade in the large cities in the
fifth district so far in December has
been good. The recession in November,
although not as severe as in other Re-
serve districts, was due, among other
causes, to the textile strike in the DAN
vile area and to lower tobacco prices.
November tobacco sales in Virginia
exceeded in poundage. those Of Novem-
0CL vi Acscb yGoAs Dut b4AC DAAlC do dUOub
one-half, the average this November
being $9.1s compared with $l813 in
November. 1929. Poor quality, due to
the drought, was partly responsible for
the lower prices.
From Atlanta comes the report that
trade in the sixth district is so brisk
that the stores are employing practically
as much help as in previous years.
Along with the encouraging signs in
10 - g..
industries. which are expected greatly
> to relieve the unemployment situation.
The largest of these projects will be the
construction in Atlanta of the Dixie
Terminal, 24-story market building
LanstOn and Carpet Active.
Lanston Monotype stock was one of
the most active issues on the Washing
ton Stock Exchange today. lis shares
changing hands at 100. The sales were
made in eleven l0-Share and one 5-share
lots
Carpet Corporation figured in a 300
share turnover. The food distributing
company's stock opened with 50-share
sale at %. One hundred shares then
sold at 221z and so more at %.
Federal-American Co. common came
out at %, 80 shares of Merchants
Transfer d Storage common sold at
1o7 and 100 shares Of National Mort
gage & Investment preferred moved at 5.
After call Peoples Drug Stores pre-
ferred registered three 10-share sales
at 97lz.
The first sale in the newly listed
washington Gas Light AIS took place
today when 81 900 bond changed hands
at SO. The closing quotation on this
issue was 987s bid and 991s asked.
washington Gas 5S sold at lO2, and
Washington Gas IS, series B, at los and
1051s. The Gas A bonds moved at
recent levels.
Heard in Financial District.
The board rooms in local brokerage
houses were jammed TO the doors again
today as traders watched the opening
OF the New York Stock Exchange and
the later quotations.
Several local banks have air ady put
up their Christmas decorations includ-
ing brilliantly lighted trees.
1t is stated that unusual interest is
still being manifested in the 1881 Christ
mas Savings Clubs, indications pointins
20 new record for the amount SUBJ
Bcr1bed in Washington.
Oil PUBLICATION URGES
CUT IN GASOLINE OUTPUT