Evening star., 1932-01-29
South Atlantic. ...... s632 684 600 8
Credit Men Elect Officers.

Retail Credit Men of Washington the
following officers were elected for the
ensuing year: President, Harry V. Ostcr-
MAYER, credit manager Woodward &
LOthTop; vice president, Charles NJ
KCefer credit manager S Ednn Sons
Co: sacretary-treaSurer Stephen H.
Takes.
Nj Takes was reelected to this
Office for the twelfth time
The following were reelected to the
board Of directors: Leo Baum. Golden
bcrgs: BENJAMIN Blanken. Charles
Schwartz & Son; Arthur Burt, Arthur
Burt Shoe Co.. A COOnin william
Hahn & Co: Charles NJ Keefcr. S.
Kann SOrS Co. Albert G Keen,
Kings Palace, Elsie NJ Lee, Frank R.
Jellef. Inc. Harry v OStCrmayPr.
Woodward & LOthrOp, Herbert j. Rich,
B RiCh's Som; Ben Stein, GrOSner'S s.
Stephen H Takes. A. R. c. NJ. Of
WashingtOn D. c.. J W Tallentire, the
Hecht Co.. Martin NJ Watson, Dulin &
Martin Co.. and AdOlph Weyl, Lars
burgh & Bro.
Mrs Wilhalmira Bullock, credit man.
ager ". Philipsborn & Co, was made a
new member of the board,
The annual report showed that the
association has passed through one Of
Plans are under way to entertain the
annual convention of the National Re
tail Credit Association. which will be
held in this city at the MayfOWer Hotel
June q to 25.
Broker House Reviews Markets.
The Washington office Of F. E. Keech
& Co. members Of the New York Stock
Exchange. announces that the firm is
planning to publish a weekly review Of
the commodity markets paying partlcu-
lar attention to cotton and grain. The
reviews are being prepared by DR.. R.
Patzig. the COmpany'S economist in New
York.
The first two reviews have already
been published one relating to cotton
and the other to grain market condi-
tions, The grain review came out to-
day, and is devoted to wheat and corn.
Today's Trading on Exchange
Trading on the Washington Stock
Exchange today was mostly confined
to the bond division
There were five 500. one $500 and
one 5000 sales in Washington Gas Is,
series B. at the opening, all at lO01a.
Two $1,000 sales in Potomac Electric
Power Consolidated IS were then re-
corded at 1901 After call, $1,000
Washington Gas 6s, series B, appeared
on the board at 1O31..
The only stock transfer on the board
today was a lO-share lot of Potomac
Electric Power SIP per cent preferred
at lO4, practically the same as other
recent sales.
The bid on Capital Traction stood
tOday at l8 with l9 asked. No sales
were recorded. Holders of this stock
are displaying much interest in the
merger hearings, believing that they
will not be lett out on limb in any
consolidation plans that may go
through.
Financial District Notes.
Edward J. StcIIwagen, president of
the Union Trust Co. who has been
away from the financial district for sew
eraI months on account of illness, is
again able to go to the bank for q time
every day. His steady improvement has
been most gratifying to his friends and
banking associates.
Directors Of McCrory Stores Corpo-
ration have voted to defer the dividends
on common and class B common stock.
due March l. in order that the cash
resources be conserved and strength
ened.'
II was announced this forenoon by
the Public Utilities Commission that
the December financial statement of
the Washington Gas Light Co. had not
been received at the District Building
This report will include the complete
earnings for the year How much the
Georgetown Gas Light Co. earned in
December is also still to be reported.
All other reports are in.
Decision has been reached to revise
the Glass bill and to give it the right
Of way through the Banking and Cur
rcncy Committee and the Senate in
revised form.
Unusual interest in the opening Of
the New York Stock Market was evil
dem in local board rooms today, fol-
lowing the Bethlehem Steel directors
meeting. Both bankers and brokers
report considerable small lot invest
Llent buying at present prices.