Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-18


Victor B. Deyber. 0h"ries l. howe
president Second National. and w. w,
Spaid, partner in w. B. Hibbs & Co.,
all being past presidents Of Washing
ton Chapter.
T. Hunton Leith, chairman of the
dinner committee, and A. o. Dooley,
chairman OF the information commit
tee, believe that there will be over 600
at the banquet. The time for reServa-
lions closes today, SO that the exact
number will be known soon. Accept
snces show that there will be many out
of-town guests from New York, Phila-
delphia, Baltimore, Richmond, Norfolk,
Roanoke and other cities. The junior
bankers believe 1t will be the best affair
of this kind that the local chapter has
ever given.
A. Z. Henze Of w. B. Hibbs & Co..
president of the chapter. will preside.
The invocation will be offered by Rev.
W. W. Shearer. The guest of honor
and principal speaker will be W. Joseph
Evans Of the Federal Reserve Bank Of
Dallas. Tex. national president Will
mer J. Waller. president of the District
OF Columbia Bankers Association. and
Henry H. Mckee, chairman of the Dis
trict of Columbia Clearing House Assoc
citation, are to bring greetings from
HemphiIl, Noyes Office Opened.
Hemphill, Moves & Co., members Of
the New York Stock Exchange and un-
derwriters and participants Of invest
ment securities opened their newly
established Washington Offices today
on the mezZanine floor Of the new
Shoreham Building. Fifteenth and Il
streets northwest. The Office is under
the management Of Thomas j. Mangan,
jr., who has been associated with the
investment business In Washington for
several years. Associated with Mr..
Mangan are Robert K. Carpenter and
Nevins p. Gardner, in the stock de-
partment and Thomas p Bones, jr.
Both Mr.. Carpenter and Mr.. Gardner
have been connected with investment
ofnces in Washington prior to their new
afiliation.
HemphiIl, Noyes & Co. have branch
Offices established in various other
cities throughout the country as well
as Canada and the Washington oflce
Is its twenty-fifth branch. The ONCE
Is equipped with complete facilities for
q brokerage and general investment
business, with complete private wire
system.
The firm has been prominently as
ISOLATED with the financing of many
public utilities and industrial concerns
such as the American Chain Co.,
Electric Auto-Lite, Richfield Oil Co.,
Pacific Public Service. Thatcher Manu-
featuring Co., Bowman Biltmore Hotels,
American Commemorative Power, Trico
Products and various other companies.
C. Z. Howe Takes Exchange Seat.
Charles e. Howe, treasurer of the
American Security & Trust Co., took
his seat on the Washington Stock Ex-
change today, to which he was elected
yesterday by the board of governors,
taking the seat so long held by the late
Charles j. Bell. Mr.. Howe has been
very active in the local financial district
for many years and his membership on
the Exchange is highly gratifying to the
other members.
Rollins Joins Investment Firm.
It was announced at the ONCE of z.
II. Rollins & Son, in the Southern
Building, today that Charles E. Rollins,
with Stein Brothers & Boyce for the
past i've years, has joined the local
stan. Mr.. Rollins has been In the in
vestment territory In Washington and
Virginia. He Is member Of the WASH
tngton Bond Club and has a wide ac-
quaintance In the local banking dis
trict.
Broker Club Plans Pushed.
Plans for the organization of an
association among the brokerage houses
in this city which represent New York
Stock Exchange firms were given an
other boost at meeting held late yes
terday. Fifteen of the sixteen broker
age houses In this class we've repre-
scented. Articles Of incorporation for
the proposed association were presented
and discussed. They will be submitted
to each firm for acceptance, the next
meeting to be held in about two weeks
So much interest has been manifested
that the association is now certain of
formation. The Ticker Club" has been
suggested as an excellent name for the
organization.
Exchange Trading Quiet Today.
Capital Traction opened trading on
the Washington Stock Exchange today,
40 shares selling at 81. Eleven shares
then changed hands at S63z. Five
shares of Merchants Transfer & Storage
preferred came out at 100 and Is shares
of Real Estate Mortgage g. Guaranty
preferred sold at 7. Security Storage
Co. sold at lis. In the bond division
Barber & Ross bizs moved at 1884, and
90 and Capital Traction SIS at 951z
LanSton Monotype stock has been added
to the list Of issues being quoted ex
dividend.
Commodity Prices Higher.
Commodity prices advanced one
tenth Of per cent during the week
ended February IS. according TO the
wholesale price index of the National
Fertilizer Association here. The adj
vance was due largely to lard. butter.
grains, feeds and hogs. However, grains
declined at the week end. Four groups
declined and only three advanced.
Twenty eight items declined and Is
advanced. .5
Heard I'm Financial District.
Francis G. Addison, jr., vice presi-
dent of the Security Savings g. Com
mercial Bank, and ]. j., Roberts, assist
ant cashier Of the Riggs National Bank,
will talk oyer the radio tonight They
win be on the air over WMAL between
Gas and Z O'Clock. their subjects hay
ing already been announced.
The S. s. Kresge Co. has declared
regular quarterly dividends Of 40 cents
on the common and $l.75 on the pre-
ferred, both payable March 81 to stock
on record March 10.
Gov. Roy A. Young of the Federal
Reserve Board will be a special guest OF
honor at the Midwinter trust conference
which opened today In New York. More
than 500 bankers and financiers have
registered for the closing banquet on
T6urgdav NIGHT