Evening star., 1933-06-13

helping to get this organization Sonoly
established, he attended many sectional
meetings in leading cities in the Eas..
Incidentally, he was the first out-of-
town broker ever elected to the board of
governors of the parent organization.
Mr.. Spaid is former president Of
the District Bankers Association. He
started his financial career as banker
and was president of the old Dupont
National Bank when he entered the
brokerage field. A graduate in law, he
is a member of the District Bar Asso-
citation.
Building Association Elects.
Reelection of all officers and direc-
tors of Metropolis Building Association
was announced yesterday following the
annual meeting of stockholders. They
are Harry G. Wilson, president; John
Scrivener, vice president; Edward A.
Tripp, secretary and Rudolph w. San
telmann, treasurer.
The directors are Harry G. Wilson,
John Scrivener, Edward A. Tripp,
George M. Seibert, William A. Simpson,
Henry M Wiegand, Henry w. Jaeger,
Martin T. Wiegand, Arthur Seagren,
Harry H. Wilson, Rudolph w. Santel-
mann and ]. Frank Kelly.
The New York City bank stock mar
ket during the last week recorded the
sharpest recovery experienced In this
group in many months and the aggre-
gate value Of these issues was again
within striking distance of the high
mark for the current year to date. The
aggregate value of the 16 leading issues,
as compiled by Holt, Rose & Troster,
ended the week at 81, 1,72l BAL 900, COM
pared with 81 ,483, ,12l 600 at the close of
the previous week, an increase of
$238, 720 900, or 1873 per cent.
Mergenthaler Linotype Higher.
Mergenthaler Linotype sprang a sur
prise on the Washington Stock Ex-
change today when the stock opened
at 30L2 The last previous sale was
made at 2212. Later in the session the
price advanced to 3ll2 and 31A. The
early sales were in small lots but the
last sale covered SO shares at the high
mark for the day.
Capital Traction stock figured in sew
eral small sales, all made at 8, up half
a point from the last previous sale.
Washington Railway & Electric pre-
ferred was the only other stock appear
ing on the board, small lots changing
hands at 85A.
Bond trading today was confined
wholly to Washington Railway & Elec-
trio As, two $1,000 sales being recorded
at 8512, off slightly from the last sale,
Rail Earnings Reveal Advances.
Class l railroads in the Southern
district for the first four months of
1888 had a net railway operating in
come of $l3,806,855, which was at the
annual rate of return of 1.20 per cent
en- their property investment. For the
same period in 1882, their net railway
operating income amounted to $9.22l,-
159 which was at the annual rate OF
return Of 0.80 per cent on their prop
erty investment.
Gross operating revenues of the class
! railroads in the Southern district fol
the first four months in 1888 amounted
to 1922, 2,632,412, a decrease of 1922 per
cent under the same period in 1882
while operating expenses totaled $94,
035,145, a decrease of 1870 per cent.
Glass railroads in the Southern dis
trict for the month of April had net
railway operating income of S4,465, ,694
compared with 1911 ,224 in April, 1882
Heard in Financial District.
Conversion of the->forner bushes:
home Of Swartzell, Rheem & .Hensey
into brokerage Office was being rushed
today G. Bowie Chapman expects II
open Laidlaw & Co. Offices in the new
quarters on June Is.
The Peoples Bank of Elkton, Md
and the Farmers Bank of Mardela, Md
have been reopened on 100 per cen
withdrawal basis. The Peoples Loan
Savings & Deposit Bank Of Cambridge
Md, also has reopened on 100 pc
cent basis, following the approval OF
reorganization plan.