The Washington times., 1931-01-16
UPSWING HERE
BEL|EVEDDUE
SOON
Brokers Point to Inactivity
As Sign That Local Firms
Will See Rise in Stocks


that the dullness Of trade in
stocks listed on the local ex-
change, which has been common
during the past few weeks, is a
definite sign that a revival is
near. They point to previous
periods Of laggardness, in which
sales of stocks have been very
slow and declare that the periods
have always preceded an upSWlng
In trading activity.
For some weeks now there
have been growing numbers of
sales of bonds listed here, while
the sales of stocks have been
very slow. Prices of both bonds
and stocks have been kept near
their levels of some months ago.
Most of the buying, brokers re-
port, has been for investment
purposes.
Local firms, whose stocks or
bonds are listed on the Washing
ton Stock Exchange have been
very fortunate in that they have
not suffered as firms in similar
lines of enterprise in other sec
tions Of the country. Sales have
been maintained to a certain eX-
tent and the future is said to be
very bright for many washing
ton firms.
It is the belief of brokers that
the upSwing will start as soon as
the first quarter reports are out
of the way. However, it must be
remembered that these reports, if
unfavorable will cause some reac-
ton in the market If the re-
ports are good, it is said, the
stocks which will be affected, will
swing upward.
All officers of the Commercial
National Bank were reelected at
the organization meeting Of the
board Of directors as follows:
Wade H. Cooper, presi d e t;
James B. Reynolds, James H.
Baden, Laurence A. Slaughter,
Walter J. Harrison, vice presi-
dents; Robert A. Cissel, comp
troller; Frederick H. Cox, cashier;
Herbert v. Hunt, T. Blackwell
Smith, Alexander R. Varela, M.
F.. Showalter. r. Jesse CLANCY,
Nathan B. Scott I'd, Mary ].
Winfree, assistant ca ashi ers;
Ralph D. Quinter, trust officer;
Bates Warren, general counsel;
Hayden johnson, attorney.
John G. Weinberg was re-
elected president and general
manager of the Charles Schneider
Baking Company. j. A. Eiseb-
beiss succeeds A. H. Pitt as vice
president, the latter remaining
on the board of directors. Other
officers reelected i n cl u d A.
Fred Jorss, treasurer; B. F.
Rover, secretary and assistant
treasurer; dir C t RS reelected
were John B. Geier, Henry Troe-
ger and Gertrude E. Berens.
The following officers of the
Potomac Joint Stock Land. Bank
were reelected yesterday: George
A. Harris, president; John I.
Cassidy, vice president; Vernon
Gown, vice president and secre-
tary-treasurer.
Present officers and directors
of the Atlantic Building Com
pany, Inc, were reelected as fol
lows at the annual meeting 1T
Alexandria yesterday: M. M. Par
ker, jr., president; Robert Dove,
secretary; David Bornot, treas
urer; Arthur Browne and Henry
Garnett.
Heads Virginia Bank
John E. Fowlc4 was elected
president of the Arlington Trust
Company, Rosslyn, VAN at the
organization meeting held by the
directors following the annual
stockholders meeting. Other Of
ficers were elected as follows: G.
r. Merchant and M. E. Church,
vice presidents; Alan B. Erosise,
cashier; H. r. Thomas, secretary
and trust officer; William c.
Cloth, counsel.
The board of directors COM
prises the following: E. w. Ball,
M. =. Church, George B. Fadeley,
John E. Fowler, William c. Cloth,
H. K. Green, Robert N. Harper,
A. C. Jones, C. T. Merchant, Alar.
B. Prosise and H. r. Thomas.
Earnings Up
Increases in net earnings OF
nearly SO per cent over the prev
ious year, of 20 per cent in de-
posits and nearly 100 per cent in
cash reserves and more than 100
per cent in secondary reserves,
with no bill payable or red1s-
counts were reported by President
Fowler.
Too swift a return cf easy
street and prosperity conditions
is not desirable, w. w. Spaid,
partner of the w. B. Hib.oS Com
pany, stated in commenting upon
the prospects for the next few
months. Spaid explained that his
diagnosis is based on conviction
that periodic tests OF the real
strength of stocks and hcnds rep.
resented by statisticians by sag
ging lines in their charts are ex-
tremely valuable to investors,
These raids or attacks or soar
ing prices tend to curo Cver.op-
timism and speculative buying,
the broker said. Thus the in
vestor may through a Study of
the market record of the various
offerings, be enabled to gain a