Evening star., 1931-06-12
BROKERAGE HOUSE
| HAS NEW LINEUP
local Firm Will Handle
II Washington Business of
I Eastman, Dillon & Co.
BY EDWARD C. STONE.

! BY EDWARD c. STONE.
) 7 Announcement was made by the New
: New York Office of Eastman, Dillon &
Go today that the brokerage firms
AWashington's business is soon to be
s2nandled by AuchincloSs, Parker & Red
= batch. members of the New York Stock
Exchange. located in the National Saw
3ngs & Trust Building. The local office
'dpf Eastman, Dillon e. Co., at 1872
street northwest, will be closed after
Saturday. June 20. Todays announce
enent sent to Eastman Dillon customers
said:
ARRANGEMENTS have been completed
between ourselves and MessrS. Auchin-
kloss, Parker & Redpath members OF
the New York Stock Exchange, having
bffices at 7l9 Fifteenth street Washing
ton, D. c., by which the business here
tofore conducted through our Washing
ton Office will be handled by MeSsrs.
AuchincloSs. Parker SS Redpath, with
whom we shall maintain direct wire
connection. The majority of the per-
konnel of our present Washington or
ganiZation are to become associated
with Auchincloss. Parker e. Redpath.
with our direct wire connection with
Auchincloss, Parker Ss Redpath, the IA
cilities which you have heretofore en-
1oyed will still be available to you, with
the added advantage of local organ
azation directly in contact with yourself.
1T Is our intention to close our Wash
angton Office June 20, 1881. We appre-
eiate the business you have given us in
Ahe past and venture to express the
hope that you will find the facilities
Rs above outlined even more to your
advantage and satisfaction"
This Is the most important move
hn1ade in local brokerage circles in
sSong time. 1t was stated at the offices
cf AuchincloSs. Parker q Redpath that
Arthur Foraker, manager of the East
man, Dillon Office for many years; Will
aiam J. Du Bose, also an ofhce man.
hger, and Harry E. Moore, who has also
: been with the firm for several years,
would join their staff when the change
koes into effect q week from Monday.
They state that they already have every
Eacility to take care of the additional
business.
Mortgage Firm Elects Officers.
At the annual meeting Of the stock
holders of the Real Estate Mortgage &
Guaranty Co., held at 1912 K street, the
following directors were elected for the
coming year:
Henry L. Breuninger, L. E. Breunin-
ger, Arthur Carr, Charles A. Garry,
Wade H. Cooper, Fred Drew, T. C.
Dulin. C. S. Duncan, Edward c. Ernst,
Sol Lansburgh william Muehleisen,
Horace C. Smithy, Thomas Somerville,
Thomas Somerville, jr.; Anton Stephan
and w. F. Sickle.
Upon adjournment of the stockhold-
ers' meeting the newly elected board OF
directors elected the following of1lcers:
. J.. e. Breuninger. chairman OF the
board Arthur Carr, president; Thomas
Somerville and Horace G. Smithy, vice
presidents; Anton Stephan, treasurer;
w. F. Sickle, secretary; Roy E. Beber-
meyer. assistant secretary, and Robert
=. HAZEL, auditor.
A full report of the financial condi-
tion of the company was presented to
the board of directors, upon which the
directors voted a semi-annual dividend
bf 4 per cent on the preferred stock of
fhe corporation, payable June 80, to
stockholders Of record at the close of
business June 20.
The stockholders considered the
annual financial statement as very salts
factory The stock is listed on the
Washington Stock Exchange. selling
around 7 and paying per cent divi-
dend.
Today's Trading on Exchange.
There we're two more transactions in
Washington Railway &, Electric COM
mon on the Washington Stock Exchange
today, the stock having come to life
after a long rest. 1t sold today at 502,
up points from yesterday.
Potomac Electric Power 5l2 per cent
preferred came out at 1l0 and advanced
an eighth during the session. Railway q
Electric preferred sold at 98l2.
Capital Traction sold at 34l2 today.
The stock was quoted ex-dividend for
the first time since the recent regular
quarterly dividend was declared by the
directors.
Bonds were quiet, trading being con-
elned wholly to Washington Gas issues
at recent prices.
The directors of the United States
Savings Bank have just declared their
regular quarterly dividend Of 7l2 per
GENT, payable June 80.
Joins GoOdbOdy g. Co.
Arthur D. Condor has become asso-
fiated with Goodbody a. Co. in their
Washington office in the Southern
Building. Mr. Condor is a graduate of
the Naval Academy and spent eight
years in the Navy. While in the serv-
ice he had several years European duty
and was in Russia during the revolution
in that country and in the city of
Smyrna during the disastrous fire and
rioting there in 1922
In 1925 Mr.. Condor resigned from
the Navy and took up residence in
Washington. Early in 1929 he entered
the brokerage business in the Washing
ton office of Wright, Slade g. Co., in
the Mayfiower Hotel and has remained
: there up to the present time. About a
month ago Wright, Slade was merged
y@Tyith Shields e. Co. and since then the
) office in the Mayfiower has been Shields
{, IL Co.'S Office. Mr.. Condor gave up his
Y position to become associated with
Goodbody e. Co.