Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-14
D. c. BANK BOARDS
ELECTED FOR YEAR
Officers Also Named as Many
Local Institutions Or
ganize for Year.

Continued From Tenth Page.)
elected: James j. Becker, president; W.
Spencer Armstrong, Edgar M. Mayme,
vice presidents; Charles E. Marsh,
secretary and treasurer; Edward S.
McKnew, Harry ]. Kane, jr., assistant
secretaries; George w. Brown, Will
liam j. FIather, George E. Fleming
William d. Hoover, Harry L. Rust,
Christian Heurich, Leon Tobriner, VIII
liam c. Miller Morton j. Luchs. Cor
coran Thorn Is a new director.
Prudential Building Officers.
Prudential Building Association Of
ficerS and directors reelected are Luz
Their c. Steward, president; Frank A.
Birgfeld, vice president; E. j. Carl
son, secretary John B. Col
poys, Hugh Reid, T. Howard Duckett,
Curtis Walker, Harvey l.. Cobb, direc-
tors.
Home Building Association.
The Home Building Association elect
ed these officers and directors: Fred L..
Vogt, president; r. L. Quigley, C. Ed
ward Beckett, vice presidents; James
Morris Woodward, secretary; william K.
Reeve, treasurer. Directors: Alfred
B. Baker, Charles G. Flemming, Luther
w. Linkins, A. Lynn Mcdowell, Or.
George B. Roth, Parker H. Sweet, 3d.
Otto Hermann was named assistant
secretary, a newly created office.
The annual report showed a gain of
IA per cent in assets during the past
year. The board fixed the interest rate
at 5 per cent per annum compounded
monthly.
American Stores Sales Up.
The American Stores Co., which OPP
crates many stores in this city, did al
most as good business in 1880 as in
1929, according to the figures just made
public. December showed an increase
over December, 1929.
The company reports sales for the
month of December, 1880, Of $13,237, :
626, as compared with $13,137,730 for
the corresponding month in 1929, an
increase of S150,09S, or LA per cent
Sales forqt the year 1880 were $142,-
770,476, as compared with sales of
SLAB, 346.156 in 1929, decrease Of
S575, $50, or 0.40 per cent.
Transfer Firm Votes Dividend.
Directors of the Jacobs Transfer Co.
have declared a dividend of SIS a share
on the outstanding capital stock. The
officers are William E. Humphreys,
president James L. Evans, vice presi-
dent; Lindell w. Mason, secretary
treasurer, who. with John D. Howard.
president of the Sevnth Street Savings
Bank, and c. A. Gunther of Baltimore,
make up the board of directors.
Traction Maintains Strength.
Capital Traction stock maintained its
recent strength on the Washington
Stock Exchange today. The stock
opened at 43, climbed TO 4334 and
closed at 4314, the days sales IS shares.
Potomac Power SIC per cent preferred
advanced to 109H, Washington Railway
g. Electric came out at 9834, Merchants
Transfer g. Storage common sold at
103, and Peoples Drug Stores preferred
at 9812. Mergenthaler opened at 8712
and closed at 88.
Bonds we're in particularly good de-
mand, sales being the largest in several
months and prices around recent lev
els. Georgetown and Washington gas
issues, Potomac Electric Power and
Washington Railway d Electric bonds
led the days transfers.
Fernando Cuniberti, who has just
been reelected president of the Inter-
national Exchange Bank, gave dinner
to his officers and directors at his
Georgetown home Monday evening.