Evening star., 1933-12-11

Senting the Amerl-
can Bankers ASso- w r. Hibbs.
ciation.
Mr.. Ransom also announced that
A. D. Whiteside in Washington, division
administrator of the National Recovery
Administration, has been appointed by
President Roosevelt a member of the
Banking Code Committee, as provided
by the code.
Mr.. Ransom says that the 332 rules
of fair trade practices so far received
for consideration and approval by the
code committee have come from 27
States. The administration has set
December 81 as the date on which the
rules of fair trade practices throughout
the country will ge into effect, and be-
fore that date they must all be sub
mitted to the Banking Code Committee
and be approved by it and by the Ma
tional Recovery Administration.
All but one 6tate, Mr.. Ransom says,
have reported varying degrees OF
progress among the local units in draw
ing up rules. In each State and the
District of Columbia there has been ap-
pointed State Bankers N. R. A. Com
mittee consisting Of from to II mem
berS representative of all classes OF
banks and all parts of the State, and
under these State committees in turn
are designated local bodies to draw up
the rules of fair trade practices which
are submitted through the State COM
mittees to the national committee.
Hibbs Observes 69th Birthday.
Members of the Washington Stock
Exchange sent hearty congratulations
and best wishes to w. B. Hibbs, senior
partner in w. B. Hibbs g. Co. and vet
eran> Washington stock broker, who is
observing his 69th birthday anniversary
today at Desert Inn, Palm Springs,
Calf, where he is spending the Winter:
The Exchange members also arranged
in advance for the delivery Of hand
scme bouquet of flowers. The con-
gratulatory message was signed by the
president CT the Exchange, c. j.
Gocke,er.
Mr.. Hibbs is the dean of the CapltafS
brokers and founder of the brokerage
house which bears his name. To-Day
finds him in excellent health as ne Is
passing his second Winter on the Pacific
Coast. He has had a most successful
career. Born in Gordonsville, Va, De-
cember II, 1864, he delivered news
papers in Washington during his boy
hood days. HIS paternal grandfather
came to this country from England well
over 100 years ago.
Following his education in the WASH
ington public schools, Mr.. Hibbs dis
covered that he liked the brokerage
business better than anything else and
founded his own New York Stock EX-
change firm in 1889 During the World
War he was very active in the Liberty
loan drives. serving on all the impor-
tant local committees. He has served
as trustee of many different organiza-
tions. is a thirty ty-second degree Mason
and belongs to many local clubs. His
estate at Leesburg, Va, is one OF the
show places in that section of the Old
Dominion.
He was president of the Washington
Stock Exchange for many years. Always
one of the leading traders, he rarely
missed a session. That's one reason
why he was specially remembered today
by his associates.
Brick Firm Changes Management.
The Washington Brick & Terra Gotta
Co., one of the oldest concerns of the
kind in the city. announces the appoint
ment of Barber & Ross, Inc, as man
aging agents.
Harry Blake, president of Barber g.
Ross, recently was elected president of
the brick concern and will discharge
office at Eleventh and G. streets
The Office Of the Washington Brick
& Terra Gotta Co. will be moved to this
location at once and the business car
ried on without interruption. The COM
pany's force is to be enlarged in antici-
patton of an increase in business.
N. S. Tobey, general manager of Bar
ber & Ross, has been active in making
the new business connection and is
enthusiastic over the outlook.
Evidence of Hoarding Lacking.
The increase of s106, 900. COO in money
In circulation. as reported by the Treas
ury for November 30, is ascribed by Of
fetal spokesmen of the department al
most entirely to the demands of the
Thanksgiving holidays.
1t was stated that with Thanksgiving
occurring On the last day of the month
there was no opportunity for the GUS
tomary bank flow. and thus the figure
for currency in circulation November 80
stood at S5,740,774,218.
In small measure. it was explained
the increase may be due to early de-
mandS for the Christmas holidays. and
there is also a possibility that better
business conditions in farm areas may
have contributed slightly to the in
crease.
The department stated it could see no
evidence of boarding in the circulation
increase.
Type Stocks Exchange Leaders.
On the Washington Stock Exchange
today Lanston Monotype and Mergen-
thaler Linotype were the most active
issues.
To3e+o,, ooo,,od r,;tE, 6,.o col Ice toto1
ing 100 shares, selling at As. Two
shares then sold at As. but this sale
was followed by a transfer of 70 more
shares at 46.
Mergenthaler Linotype followed Lam
ston on the board, two 10-share lots
and a sale of a block of 10l shares
being recorded at %.
The rest of the days trading was con-
fined to Washington Railway & Electric
preferred, Is shares moving at 81, and
to Potomac Electric Power 5l2 per cent
preferred, two 10share lots changing
hands at 10434
Peoples Drug Stores preferred is still
being quoted ex-dividend in anticipa-
tion of the coming quarterly payment
Of Sl63 per share.
Heard in Financial District.
Word was received with regret in the
financial district today of the death OF
William G. johnson. one OF the vice
presidents of the former Federal-Amer-
lean National Bank & Trust Co. Mr..
johnson was very highly esteemed by
all his banking associates.
Annual meetings of all the national
banks in Washington and of several
other local banks will take place on
January 9. 1884. Some deaths have oc-
CURED during the year among bank di-
rectors, but comparatively few changes
are now anticipated on the boards.
Fenner, Beane & Ungerleider has
notified the New York Stock Exchange
Committee on Publicity of proposed
chaHg4. in the firms name toI Fenner
Gs Beane, effective January l, 4s34.