Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-03-23
Handsome New Offices in
Washington Building viii
House Trading Agency.
LOCATION is CONVENIENT
FOR BROKER FRATERNITY
Modern Equipment to Facilitate
Growing Business Of
Organization.
By EDWARD C. STONE.


Of the Washington Stock Exchange
when the regular trading session will
be held In the newly selected quarters
in the Washington Building. After
tomorrow's session all furnishings in
the building owned by the American
Security & Trust Co., where the Ex-
change has been located for eight years
viii be moved to the new home and
placed IN order before time for the
next days business.
The old quotation board, which lists
some 100 local bonds and stocks, will
be left to its fate, as a splendid new
quotation board has already been in
stalled and all the listed and unlisted
local securities placed in their proper
position. The new board Is larger than
the old one, lighted by the same method
as Is used on New York Stock Exchange
boards, while space at the right has
been reserved for the posting of all sales
as they are made, the name of the
buyer and seller being included.
In the past the sales have been read
BY the clerk at the close of each session.
The new method will prevent any mis-
understandings between members where
there are several bidders for the same
stock at the same price.
New Quarters Most Attractive.
The new Exchange quarters are most
attractive and convenient. The location
Is ideal for the members. on the sixth
moor OF the Washington Building, on
the south, or G street side, the Ex-
change has about 1000 feet of floor
space, four large windows supplying per-
feet light and ventilation. The quota
ton board is on the long wall opposite
the windows. Between two of the win
doWS Is q raised platform on which the
president win preside as he calls of
the securities and skillfully conducts the
bidding between the members
Seats for the visitors have been pro-
V1ded In the west end of the room near
the entrance while the east side Is taken
up with telephone booths, desk room
for the secretary and assistants who
take care OF the quotation board and
record all the transactions. Ralph SAT-
zen, who has been with the Exchange
for many years, will hold forth In this
section Of the Exchange, as well as look
latter the board.
1t is safe to say that no exchange in
the country Of equal size viii have
better quarters The committee OBJ
tanned q hVe-year lease on the new
home, with the option of renewal for
another i've years if desired. The ex-
banding business and growing impor-
lance of the exchange Is clearly re-
nected by this latest move, forced upon
the exchange by the building expansion
plans OF the American Security &
Trust Co.
Present Officers and Members.
George o. Watson, president Of the
Liberty National Bank, Is president Of
the Washington Stock Exchange: Ed
ward L. Hillyer, vice presidet of the
n fC rHsn ~
J. Gockeler, vice president of the Dis
Tlct National Bank, has long been sec
reiAry, and James M Johnston. head
OF An investment company by the same
pane, Is treasurer.
The local exchange is limited to 20
members. Every seat is occupied at
present, the membership being as fol-
S ISw,: Z. Z. BROKER, 1r:: Thomas w.
5rahany, r. A. CASTELAR,, Karl w. Corby,
Henry p. Erwin, H. H. Father, George
A. Garrett, Charles c. Glover, Charles
e. Glover, Jr.; G. J. Gockeler, Arthur
Foraker, James M. Green, j. Thilman
Hendrick, Edward L. Hillyer, William
3. HibbS, William d. Hoover, Charles
z. Howe, Charles jacobson, o. H. John
son, James M. Johnston, Edward B
Mclean, Edward o. Mcdonnell, w. w
Mackall, L. w. Morrison, Frank P.
Morse, James O'Donnell, Albion K
Paris, John Poole, Frank Pryor, Myles
H. Quail, Lawrence A. Slaughter, VIII
Yam w. Sapid, Eugene e. Thompson
A. l.. Thompson, Benjamin Thoron
George o. Watson, Ennals Waggaman
@. w. Weber, John F. wilkins and
Milton Westheimer.
Exchange Founded in 1881.
Albion X. Paris, historian Of the
exchange, says that the organization
was founded in 1881. Several attempts
were made previous to that time, but
all failed in a short time because of the
lack OF support from the banking
interests and the small number of Sc
curities list :. The first meeting OF
those connected with banking and
brokerage matters on October "a, 1881
was held at 1929 F street. At this
gathering plans for another meeting on
october IS were made and this became
the real date Of the founding of the
exchange.
The president was George H. B
White, then cashier of the National
Metropolitan Bank and father of the
present president of the same bank
II. D. Cooke, of H. D. Cooke e. Co., was
chosen vice president; Jacob w. Kerr
Of the National Bank of the Republic
treasurer, and A. e. Bateman, secretary
When the first days session opened
there were "a securities on the list.
Roster Of Exchange Presidents.
The presiding officers of the exchange
since organization are as follows
George H. B. White, 1881-1882; Charlie,
G. Glover, 1883-l890; Charles j. Bell
1891; william B. Gurley, 1892; Ben,
janin p Snyder, 1898; Albion x Paris
1894 Frederick G. Stevens, 1895; Lewi
j. Davis, 1896; John T. Arms, 1897-1898
William B. Hibbs, 1899-19-1; William
Mearrs, l902-1903; Charles P. Williams
1904; William B. Hibbs, 1905-le06
Thomas L. Hume, 1907-1903; William j
Father, 1909; William B. Hibbs, 1910
Benjamin Woodruff, 1911-1914; Allen E
Walker, 1915-1916; John L. Edwards
1917-1918; William B. Hibbs, 1919
Eugene e. Thompson, l920-l925: JOIN
l.. Edwards, 1925: Charles Carol
GlovJr, IT,, 1927-l928: George @
WaRon, i929-l930.
Just the other day, in connection witt
preparations for moving the records ant
other things In the old safe, list O
the charter members was unexpected
brought to light Heading the list wa
the signature of Charles c. Glover,
giant in the financial district for s.
many years, and still chairman of tn
Riggs National Banks board of direc
tors, although forced TO be inactive o.
account of n'~~ss.