Evening star., 1932-01-24
Local Financiers viii Hear
Vital Topics Discussed at
New York Meeting.
PENNSY STOCKHOLDERS
AGAIN SHOW INCREASE
North Capitol Bank Elects Officers
Washington Gas Light Divi-
dend Declared.
BY EDWARD C. STONE.

Washington bankers are intensely in
terested in the Eastern Regional Savings
Conference of the American Bankers
Association, which will be held on jan
uary % and 29 at Hotel Roosevelt
New. York. One of the speakers is
from this city and several local finan-
ciers expect to attend the sessions. The
program is most varied.
Among the subjects to be discussed
are railroad, municipal and utility Sc
curities, the effect of maldistribution
of gold on trade and commerce, the
deposit problems of country banks,
the proposed home loan discount banks,
unemployment insurance and the de-
velopment Of new business In times OF
depression.
The list of speakers includes Gren-
Vile Clark, New York lawyer; A. G.
Robinson. president Peoples Pittsburgh
Trust Co., Pittsburgh; Fred I. Kent.
director Bankers Trust Co., New York;
Alexander D: Noyes, financial editor
New York Times; James D. Craig,
actuary Metropolitan Life Insurance
Co.; Leo Wolman, economist Amalga-
mated Bank, New York: Clarence
Copeland, New York; Gaylord c.
Cummin, Boston; Jay Morrison, vice
president Washington Mutual Savings
Bank, Seattle; Edwin Bird Wilson,
New York, and David Barry, president
First National Bank of Johnstown, Pa.
DR.. o. C. Keep German consul gen.
eral at New York, will speak at
luncheon on the first day of the con-
ference. Charles K. Moser, chief OF
the Far Eastern Section, Division OF
Regional Information, Department OF
Commerce will speak at a similar
luncheon on the second day.
Pennsy Stockholders Increase.
Reaching another new high figure
and establishing a record for the 30
wears of the companys history, the
humber of Pennsylvania Railroad stock
holders on January l totaled 245,oOS,
1t was announced today. ,-
The January figures show an advance
of more than $4,000 in the number OF
stockholders since January Of last year
and an increase of 1000 over the num-
Der on December /, 1881. The average
number of shares held by each stock
holder fell to 1891 on January l, the
lowest in the company's history.
The number of woman stockholders
is rising steadily, reaching the highest
figure on record on January l, when
l068l4 women were registered as
shareholders. This is an increase OF
639 over last month and 5,378 over
than 43 per cent of the total number
of stockholders and own almost one
third Of the utstending stock. Their
average holding Is IL shares.
Frank ]. Hogan, widely known WASH
fngton attorney, will be the principal
speaker at the Midwinter dinner OF
washington Chapter, American 1nstl-
tute of Banking, at the Willard Hotel
February Is, Chairman I. ]. Roberts
announced yesterday.
Mr.. Hogan Is counsel for the District
of Columbia Bankers Association and
was recently elected president OF the
District of Columbia Bar Association
His reputation as an after-dinner speak
er assures his hearers Of some sparkling
wit.
He has already addressed several pre-
vious institute dinners, his presence on
the program always proving distinct
drawing card. The committee has
thrown aside the idea that there Is any
depression in washington and is going
ahead with most elaborate plans for the
annual event.
North Capitol Bank Elects.
At the annual meeting of the stock
holders of the North Capitol Savings
Bank, the following directors were
elected: E. L. Browne, E. S. Burgess
Henry w. Cord John A. Eckert, Ed
ward F. Hall, Joseph A. Herbert, sr.;
Allen Hollander, NJ. L. Michael, j. G.
Mcmahon, Walter c. Nelson, Richard
r. Ralph, Charles E. Reithmeyer
Charles B. Stewart, John j. Ward, F
P. Williams. $780,.
The new board elected the following
officers: President, John A. Eckert;
vice president Joseph A. Herbert, ST.;
secretary. Eugene S. Burgess; control
Ter. F. P Williams; cashier, Arthur L
Phillips; assistant cashier, Charles z
Reithmeyer; counsel, T. Howard
Duckett.
The pamphlet report Of the Security
Storage Co., just mailed to stockhold-
ers. Shows that the concern had q
highly satisfactory year. The company
had net earnings during 1881 Of sl2o,-
92l.30, and paid dividends OF 100000
reports S500,000 stock outstanding
s25O,O0O surplus and undivided profit!
Of $131, ,5l9.79.
The company's assets in 1928 totalec
Sl,l6l, ,447, grew to Sl,257665 in 1923
totaled 81 l,24l3 in 1880 and stood a
sl,258,4O7 in the year just closed. Tn
firm is carrying almost S3OO,uOO IN re
serve for depreciation.
President c. A. Aspinwan reportet
that the company had retained its ful
force Of employees during the year Tn
services rendered by the company hav
been expanded into new fields and tn
vans have made longer trips than ever
In addition to President Aspinwal
officers elected for this year include
w. Pimper, vice president and treas
urer; c. P. Ravenburg, secretary; Pau
Alvey. assistant secretary, and Helel
HoWison, assistant treasurer.
Trading on ID. c. Exchange.
Two 81 900 transfers in Potoms
Electric Power Consolidated SIS were re
corded on tf.e Washington Stock Ex
change Yesterday at l00l2. Columbi
Title Insurance Co. figured n Sma
sale at 7.
being quoted ex-dividend on the ex
change, following the recent declara
tion of the quarterly dividend OF 8
cents per share. National Savings
Trust stock Is also being quoted ex
dividend. as is Corcoran Fire 1nsuranc
At Yesterdays session the unliste
stock and bonds were called of, as
done once every week. For the mrs
time in several months there was NJ
a single change in any quotation.
study of the annual report OF tr
Capital Traction Co. shows that VI
cornoration earned S305 per share
1881 on tia common stock, against SAL
a share in the previous year: Ine con
pany is now paying q 81 oiVideno. U
last quarterly payment having been Ct
A.s~v.n a. |fN En faY1tx n snare.