Evening star., 1934-02-19
Firms Here Widely Known.

The Office of ]. S. Bache &, Co is
located Just of the lobby in the Wash
ington Hotel. These electric boards
are now in use in nine different cities,
and this firm has included the inno-
vation in each one OF these cites.
Frank j. F Thiel has been manager
of the washington Office ever since it
was established. Before entering tie
brokerage business he held an impor-
tant position in the Treasury.
Clark, Childs & Keech have the new
board in their Offices at the corner of
Seventeenth and II streets, where they
have been situated for many years.
George A. Garrett, who is manager of
the office here, is partner in the New
York Stock Exchange firm. making
Washington his residence He opened
the Keech office here several years ago,
which later expanded to include Clark,
Childs e. Co.
Another Office taking on the new
service, E. A. Pierce & Co., is in the
Transportation Building and is under
the guidance of Thomas w Brahany.
Mr.. Brahany was one of the secre-
taries at the White House in the
Wilson administration and has been
active in the local financial district
since that time. The Offices have Just
been nearly doubled in size.
The other Exchange house having
the new board, Auchincloss, Parker &
Redpath, has just expanded its Offices
IN the National Savings & Trust Build
ing to nearly double its former space.
This firm has its head Office in Wash
motion 10 70, -
street level location. The Offices have
been completely rearranged, business
starting off under the new deal today.
Curtis on Fidelity Board.
Charles Curtis, vice president of
the United States during the Hoover
administration. has been elected a
member Of the board of directors of
the Fidelity Storage Corporation, &C
cording to announcement today. The
annual meeting of the stockholders
has Just been held.
The present board, consisting of H.
II. Darneille of Auchincloss, Parker &
Redpath: Frederick de c. Faust of
the law firm of Sherley, Faust &5 Will
son: David B. Karrick. president of
the corporation; James L. Karrick. jr,
trustee Of the estate Of James L. Kar-
rick; Clifford J. Lipp, secretary and
treasurer of the corporation: Harry
S. PLACER and Engene B. Roberts of
the firm Of Randall H. Hagner & Co.,
were reelected.
Former Vice President Curtis Is now
practicing law in the CAPITAL. having
opened an office here shortly after
going out of Office last March.
Bankers Laud Conference. =.
Sidney F. Taliaferro, trust officer of
Riggs National Bank and T. Stanley
Holland, assistant trust officer of the
American Security. e. Trust Co., who
have returned from the Midwinter
Trust Conference in New York are
both enthusiastic over the unusually
interesting and constructive addresses
delivered at the meeting.
Investment dealers and bankers in
this city are greatly pleased over the
substantial advances in the bond
market in recent weeks. These gains
have been outstanding in the invest
ment progress so far in 1894.
Peoples Drug Stores preferred stock
scored a new high mark on the New
York Stock Exchange last week,
reaching 90, That is the highest quo
tation in 1888 or 1884. Evidently the
stock is being closely held here. as
no sales have yet been recorded in
1884 on the Washington Exchange.
The opinion prevails in Capital
financial circles that the American
Telephone Co. will retain the 9 per
cent dividend rate at the meeting
Wednesday. Hundreds of holders of
the stock here are receiving printed
copies of the annual report sent out
last week.
Today's Trading on Exchange.
Washington Gas Light stock sold
at 59l2 IN light trading on the WASH
tngton Stock Exchange today. Capt.
tai Traction moved in small lot at
23&. The only other transaction was
IN bonds. $500 Washington Gas IS
coming out at 1882.
Maurice Otterback, chairman of
the board of directors of the Anacos-
tia Bank, writes friends that he is
having a delightful visit in Florida.
He is now at Miami.
Modification of margin require
nents in the stock market regulation
bill so that they would apply only
to future loans was urged by DR.. E.
A. Goldenweiser, Federal Reserve
Board expert, testifying before the
House Interstate and Foreign Com
merce Committee.
DR.. Goldenweiser said present
margin requirements of the proposed
legislation as now drafted is likely to
restrict credit That section, he added
Should be modified so as to apply only
to future loans and only at the time
L. r,,rty,n a