Evening star., 1934-02-16
PEPCO PROMOTES
CHIEF ENGINEER
James H. Ferry Elected Vice
President After Long
Service.
BY EDWARD c. STONE.

James H. Ferry, f0r many years
chief engineer of the Potomac Elec-
tric Power Co., was elected a vice
president at the annual organization
meeting of the directors late yeSter-
day. His promotion was the only
change made in the personnel. The
stockholders reelected these directors;
Edwin c. Brandenburg, Daniel J.
Callahan, Frederick w. Doolittle, Rob-
ert V. Fleming, Herbert c. Freeman,
Julius Garfinckel, William F. Ham,
Robert N. Harper, Cloyd H Marvin,
William Mcclellan, Lennard H. Mitch
ell. Clarence F.. Norment, Eugene E.
Thompson and Harley P. Wilson.
Officers of the Potomac Power Co.
elected by the directors include: Will
liam F. Ham, chairman of the board;
William Mcclellan president; Alfred
G. Neal vice president and general
manager; James H. Ferry, vice presl-
dent and chief engineer; George M.
Thompson. secretary and assistant
treasurer; j. Edward Tenly, treasurer;
Edwin D. Detwiler, assistant Secre-
tary; Harold G. Hayden, controller;
William L. Jones, assistant controller;
MeSsrs. S. Russell Bowen and H. Wise
Kelly, general counsel.
Bankers to Work on Code.
An important meeting Of invest
ment bankers and stock and bond
dealers is to be held at the LORD
Baltimore Hotel, Baltimore, next
Monday, beginning at 10 o'clock. The
meeting has been called by Edward
K. Dunn, chairman of the Executive
Committee of the Southeastern group
of the Investment Bankers AsSocia-
ton of America, for the purpose Of
considering the fair practice code Tor
investment bankers and dealers,
which is expected shortly to be pre-
sented to N. R. A. headquarters here
for approval. Y. E, Booker is vice
chairman of the Executive Committee
of the Southeastern group, ana states
that a large delegation of local in
vestment dealers will attend the Balti-
more meeting.
Pierce to Expand Offices.
Thomas w Brahany, manager of
the Washington Office of E. A. Pierce
& Co.. New York Stock Exchange firm,
announces extensive enlargement of
the company's space in the Trans
portation Building An entire office to
the north of the present Offices had
been added, about doubling the size
OF the present board room.
The cashiers Office has been made
much more convenient, and Mr.. Bra
hany's private Office has been moved to
a new location; in fact, the place has
a complete overhauling.
New furniture and other equipment is
to be installed at once.
The new teleregister will be ready
for service next week, when the quota
tions on about 200 leading stocks will
come from New York by electrical
flashes.
Join Commodity Exchange.
Auchincloss, Parker & Redpath,
with Offices in the National Savings &
Trust Building, announce their mem
bership in Commodity Exchange, Inc.
Richard P. Dunn, member of the
firm, holds the exchange membership,
This exchange trades in silk, rubber,
copper, silver, hides and tin. This
membership marks a further advance
in the business of this firm.
Sales of new paid-for life insurance
during January, exclusive of revivals,
increases and dividend additions, sg-
gregsted $685., ,457,0 compared with
S614,431 900 in the like month Of 1898,
an increase Of 8.3 per cent, according
to the Association of Life Insurance
Presidents.
Sales of ordinary insurance last
month amounted to S435.676.000
against S423, $4,000 in January, 1898,
and industrial insurance aggregated
97,108,000 as compared with $168,-
$4,000. Group insurance in January
totaled S32,673. 900, contrasted with
S22, ,546, 900 in the like month last year.
Credit Experts to Meet Here.
The Association Retail Credit Men
Of Washington will hold their annual
dinner and dance next Monday night
at the Mayf1ower Hotel. At the same
time they will entertain the delegates
to the Columbia Regional Conference
Of Credit Bureau Executives, from
many nearby States. who will be in
session here on Monday and Tuesday
at the same hotel.
Secretary Morgenthau is highly
pleased with the reception accorded
the Treasury's latest $500, 100000 note
offering, which was about four times
oversubscribed. Final figures on the
allotments are to be announced at
once.
At the annual stockholders meeting
Of Emerson Bromo Seltzer, Inc, in
Baltimore, Henry H Anderson, New
York attorney, was added to the board,
other directors being reelected. The
company's "a" stock is listed on the
Washington Exchange.
Henry Bruere, president of Bowery
Savings Bank, in speech before Amerl-
can Bankers Association urges lenders
of mortgage money to cooperate to
prevent Government interference in
mortgage field; entrance of Govern
ment would result in bureaucracy
which would occasion many difficulties,
he declares.
Traction Sells at New High.
Capital Traction stock sold at a
new high mark on the Washington
Stock Exchange today when it reached
"a on the present move.
Traction opened with 10 shares SELL
Ing at 23l4, followed by another small
lot sale at "a Six more transactions
brought a turnover in 10 shares at
234.
The market then closed with five
shares again hitting "a. The final bid
was 2324, with "a asked. The De-
cember report, which will show sub
stantial improvement in earnings un-
der the merger, will be out next week,
it is understood.
The only other trading today was
in Washington Gas IS, series B, 500
moving at 10lla. Potomac Electric
Power issues and Washington Railway
& Electric common and preferred are
now being quoted ex dividends pend
ing the payment of disbursements re-
Gently declared. Lanston Monotype
Is also so quoted.
HIIDD HDNIID CIInnNDTC