Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-13

mas Deen one OF
the most active Kari W. Corby.
on the Washington Exchange. Almost
$500 shares have changed hands dur
inn the present year. The high for the
wear is 1903 and the low 10. Lanstor
has recently been selling on the local
board at rs.
The Lanston company is considered
tos be an unusually strong. well man
a9ed concern by those who hold the
stock in this city The chairman OF
the board is j. Thilman Hendrick. a
foTmer District Commissioner and now
0 partner in the brokerage firm of w.
b. Hibbs & Co. Three Lanston direc-
tors are Washington flnanciers. The
reduction In the dividend Is laid to the
effects Of the world depression during
the past year, as the type manufactur-
err do large business in several for
.eign countries, as well as all over the
United States.
Ticker Club Plans Dinner.
At a meeting of the Ticker Club,
held last night, it was decided to have
q dinner at the New Willard, Friday
evening, November 81. The principal
SNEAKER is to be Thomas r. Cox, floor
Ylember for Stout g. Co., me r bers OF
the New York Stock Exchange.
The dinner is expected to be by TAI
the largest and most important in the
Ticker Clubs history. A Committee fo1
Arrangements was appointed, including
K&rl w. Corby, chairman; Thomas w
BrAhany, Chester w, Lockwood, Carroll
Morgan and Ralph M. Wolfe.
The membership of the Ticker Club
washington is as follows:
Eenner & Bean-John D. Mothers
head and William E. Lewis
cioodbody &c Co.-McElroy Moss anc
A.-McCook Dunlop.
Hemphill, Moves 81 Co.-Thomas j
Mangan. jr.
Hibbs, w. w. Spaid and Karl w. Corby
r. B. Keech e. Co.-George A. Gar
Mackubin & Goodrich-Ralph M
wulte
Maynard oakley & Lawrence-Ches-
ter w. Lockwood.
IN. J. Meehan & Co.-~Frank j. Thiel
O. Mp. Murphy 81 Goa. G
Flather and Carroll Morgan.
D. A. Pierce 81 Co.--Joseph H. Hines
Thomas w. Brahany and Robert w
RAW
stein Bros. a. Boyce-Edward w
Gamble, jr. r9
Westheimer A. Goa. H. Reside.
Exchange Election Wednesday.
Interest Is now being manifested in
the local financial district in the an
nual meeting of the Washington Stock
Exchange which takes place next We'd
nesday after the regular trading session
The bylaws call for the annual re-
ports, election of officers and any other
business that may come up for action.
The present official roster is made
up@ of Edward L. Hillyer, president; c.
]. Gockeler, vice president; Y. E. Booker
secretary and James M. Johnston, Sec
retary. The terms Of two members
of The board of governors expire which
win make two more officers to be
/elerted.
II was intimated among members
of the exchange today that the same
Officers will be elected for the coming
year. The exchange has virtually
adopted an unwritten rule that me
oficers should serve for two years and
then be changed There is a feeling
that the distinction of being president
should be thrust upon as many active
members as possible at one time or
another.
While the exchange has had bigger
and better years. local securities have
made an excellent showing during the
past IL months, considering general
1lu6dlClhl COIluALAOLlo
Bankers Meeting Is Called.
President E. j. McQuade of the Dis
trict Bankers Association has called a
special meeting of the association for
Monday. November 3, at 4 pm, to take
action on the recent deaths Of John b.
Lafner, president CT the Washington
Loan e. Trust Co., and Joseph Schia-
VorIe. president of the International EX-
change Bsnk.
Al the same time President McQuade
has appointed committee to prepare
suitable resolutions on Mr.. Barner, con-
sistfng Of Corcoran Thorn. chairman
john Poole and Harry G. Meem.
The committee appointed to prepare
the resolutions on the death Of Mr.
Scldiavone Is made up Of H. l.. Offutt.
jr.,- chairman: George o. VaSs and
Frederick P. H. Siddons.
A. & p. Sales Reveal Slump.
Dollar sales of the Great Atlantic e.
Paeihc Tea Co. for the five weeks
ended October 81 showed decline of
50 Der cent from a year ago, but ton
mage sales for the same period were SO
per. cent greater than for the CORE
spending weeks of 1890. Dollar sales
amounted to s95.49792l, against $780,
965v024 last year, and tonnage sales
toteled 524,743 tons, against All, 7o3
tons last year.
rToday's Trading on Exchange.
Tpday's local market opened with
$1,000 Washington Railway & Electric
Is Ceiling at 86i2, up 4 from yester'
DAVIS close Potomac Electric Power
5LS Aper cent preferred sold at LOT, e,
dividend. Merchants Transfer & Sto
rage preferred sold at co. and small
turnover in Mergenthaler Linotyp'
wac recorded at SO. Bank of Bethesds
sto& appeared on the board for thu
FIRST time in many weeks, 20 shares
ceiling at SIS.
: Heard in Financial District.
II was a brilliant tribute that loca
bankers and others paid to John B
Larger at yesterdays funeral, througi
the large attendance. Many banker
SAID they had never seen so man.
flowers Mt any funeral anywhere.
c. r. Childs g. Co. were awarded al
allotment Of SOS, 100000, or approx
1nately one-third of the recent issue o
e75,1730o0 ol-day Treasury blils oner
ed November Z. The highest bid TO
the issue was 99.55 and the loves
, bid accepted was 09.458.
Daniel Willard, president OF the Bal
timore q Ohio Railroad, refused t
comment concerning reports that tn
d. g. o. was negotiating with its mel
for a wage reduction declaring tina
the time was inopportune.
Philadelphia banks have subscribe
&l9000000 to the credit pool bein
formed here as part of the NATIONWIDE
plan TO relieve the credit situation.
Floyd G. Blair, just elected vic
president of the National City Banl
was connected with the Treasury her
curing the World War. and u still
nnember Of the Metropolitan Club an
~ the Chevy Chase Club.