Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-28

affairs during the past IL months, the
amount of time he has devoted to the
work, and the able guidance displayed
in furtherance of the welfare of the
association. Mr.. Pope's remarks were
very brief and right to the point, the
secretary preferring to let the gift speak
for itself.
The resolutions were signed by as
local bankers. The signatures are most
interesting. Some are so distinctive
hat they can hardly be read while
others stand out as clearly as If type
written. At any rate, President Waller
vas deeply touched by the token OF
'Pgard and so expressed himself. The
attendance at today's luncheon was
unusually large.
The executive council of the safe de-
cpsit section, District of Columbia Bank
ars' Association, recently appointed a
nominating committee composed of Ar
thur P. Miller, chairman, Liberty Ma
tional Bank; Eugene F. Marks. Mer-
Miller, National Metropolitan; William
Ashdown, Northeast Savings, and George
L. Walden, Washington Savings Bank,
who in turn nominated the following
members, five to be elected to the execu-
tive council for the year 1930-3l:
Hans w. Ireland. American Security
.Ss Trust Co.: Miss Mary j. Pearce, Co
National: Charles w. Haas, Union Trust
Co.: william H. Schoheld. Commercial
National; z. E. Miller, Federal-Amertcan
National: Albert v. Pohl, Anacostia
Bank; Eugene F. Marks, Merchants
Bank & Trust Co.; Joseph D. Yerkes.
Federal-American National William
Ashdown, Northeast Savings Bank and
George l.. Walden, Washington Savings
Bank
The election will be held at the an
Jlual convention of the association in
Asheville, should a quorum of the sec
lion be present. In the absence OF a
quorum, a special meeting will be called
date being subject to notification by the
secretary.
The present officers and executive
council of the safe deposit section in
Clude: Charles E. Howe, chairman;
frederick H. Cox, vice chairman; Jo-
seph d. Yerkss, secretary: Samuel r.
(: 5aulsir, and William H. Harper.
Ticker Club Roster Completed.
The Washington Ticker Clubs board
ID governors completed the roster of
the new organization by electing the
following charter members, who repre-
sent Is OF the local brokerage houses:
Fenner & Deane. John D. Mothers
head and William e. Lewis; Hemphill.
Noyes 81 Co., T. J. Mangan, jr., and
Robert x. Carpenter; Hariss 81 Vose,
McElroy Moss and e. Jackson Emerich;
w. w. Lanahan 81 Co., Edwin D.
Flather; Mackubin, Goodrich g. Co.,
Ralph M. Wolf and Kortright Church:
Maynard, Oakley & Lawrence, Chester
w. Lockwood and Alexander McCook
Dunlop; G. Mp. Murphy SS Co.. A. C.
lat @nw Dab So v.iar RNa,n
roll Morgan; Stein Bros. q Boyce, Ed
ward w. Gamble, Jr.; Wright, Slade &
Co, Harry NJ. Fridley, jr.; Eastman
Dillon 81 Co.. Arthur Foraker and Will
liam j. Du Bose; J. A. w. Iglehart &
CO., Robert Stead, jr, and j. M.
Dagger; w. B. Hibbs & Co.. W. B.
Hibbs, K w. Corby and W. w. Spaid;
Keech g. Co., George A. Garrett: NJ. j..
Meehan e. Co, Frank j. F. Thiel; Har-
riman & Co., G. Bowie Chapman and
L. w. Todd.
Only four brokerage houses eligible
for membership were not represented
at the meeting yesterday and invita-
tons have been extended them to be-
come members of the club.
It was stated at the close of yester-
days session that the next meeting of
the club would be OF the entire mem
bership which would probably take the
form of a dinner meeting to be held
at the Montgomery County Country
Club within the next two weeks.
Today's Exchange Trading.
Capital Traction was of another
point on the Washington Stock Ex-
change today, selling at SIS fat in trad
ing involving just 100 shares. The sales
were In three l0-share lots and in other
blocks of S, rs and 40 shares.
Mergenthaler was the market leader
The stock opened with ID shares selling
at 102. followed by so at 1919 and clos
ing with 10 shares changing hands al
10114.
Potomac Electric Power 51a per cent
preferred came out at 1074. -ex divi-
dend. Washington Gas sold at 12s
and Railway & Electric preferred al
est4.
Lanston registered 125. Firemen's In
surance Co. 81 and Merchants Trans
fer & Storage preferred 100. Nint
shares of Riggs National sold today al
500 and five of Continental Trust Co
ut 1875.
Bonds were in better than usual de
inand at recent levels. The newly LISTED
Prince Georges Bank g. Trust Co. stool
is being offered at 40 with 30 bid.
American Ice Earnings OFF.
Net earnings of American Ice Co. ant
subsidiaries for April were $3.50, l3
after interest. but before. Federal take
and depreciation, compared with $34l
764 in April, 1929 For the four month
ended April 80, net earnings amountet
to $3.50. 1874 before Federal taxes ant
depreciation, against $679,771 in frs
four months of previous year.
Net income of the Norfolk & West
ern Railway for the four months endet
April 80, 1880, was equal, after diyi
preferred stock. to S6.43 per share Of
1,406,507 shares of common stock
against SIPS per share earned Oh
1.402 1893 common shares in the frs
four months of last year.
Southern Railway reports for Apr
net operating income of $2,020,726,
decrease of 81 OCT ,915, and for the fou
months $5,755,515, a decrease Of $3.50,
S25.
Other Financial Notes.
General business conditions are i'm
proving and there is no question abou
IT. John D. Lonsdale. president of tn
American Bankers Association, said I
the Missouri Bankers Association yes
v terday.
Announcement is made by z.
Pierce & Co. of the removal of the
New York Offices from IL Wall stree
and from 100 Broadway to 40 Wa
street
The First National Bank and Farm
ers & Merchants Bank, both of Ne
Castle, Va. will consolidate If stool
holders of the two institutions on Jul
3 approve recommendation OF director