Evening star., 1934-02-13
NEW QUOTATION
BOARDS PLANNED
Four Capital Offices to Have
Electrical Service Start
ing Monday.
BY EDWARD c. STONE.

Quotation boards operated by cleo
tricity from the floor of the New
York Stock Exchange are being in
stalled in four Washington offices
and will start operations next Mon
day They are being adopted by
AuchmcloSS, Parker & Redpath, an
exchange house which maintains its
home Office in the National Savings
g. Trust Building; J. c. Bache &
Co., in the Washington Hotel; Clark,
Childs & Keech, at Seventeenth and
H streets, and E. A. Pierce g. Co.,
in the Transportation Building, also
at Seventeenth and H streets.
These new quotation boards are
considered among the most marvellous
electrical inventions of the age. They
carry some 300 stocks, which are the
market leaders, and flash the quo
tations on the board the instant they
are reported in New York. They
have a device so arranged that if
the stock quotations can't keep up
with the market, the quotations are
taken from the bond ticker.
The boards also have the usual
tranSluX service which covers the
quotations on all stocks on the ex-
change which are not included in
the electrical list. Arrangements for
posting bond and grain quotations,
by the board boys, are included SO
that the service is complete.
Experts have been working on the
boards here for some time and have
them nearly ready for action. The
Offices of AuchincloSS, Parker & Red
path are being expanded to include
the entire top floor of the National
Savings Building. Their new board
is being set up in new customers
room.
Gas Light Officers Reelected.
All officers OF the Washington Gas
Light Co, were reelected today at
the annual organization meeting of
the directors. as follows;
Marcy L. Sperry, president; Robert
d. Weaver, vice president; Everett j.
Boothby, vice president and general
manager; Robert c. Overs, treasurer;
A. Gray Dawson, Frank r. Holt and
Otis H. Ritenour, assistant treasurers;
Edward T. Stafford, secretary; Hazel
T. Thompson, assistant secretary; Will
ton j. Lambert, counsel, and William
E. Horton, assistant counsel
The same board of directors was re-
turned to Office at the annual meeting
of the stockholders on Monday, Feb
ruary 5. At that time the Companys
net income for the year 1888 was re-
ported as $883,352 against S949, ,458 in
1882, decrease about S66, 6,00O Sales
of gas were the highest in the corpora
tons history.
Extension of Insurance Seen.
A plan for the extension of the
temporary provisions of the deposit
insurance law for another year from
June 30, 1888, is said to have been
suggested in administration circles,
pending. further study regarding what
should be done toward changing the
permanent insurance regulations.
Action on his bill to make the tenn
porary provisions of the law perma-
nent are being pushed by Senator
Vandenberg. He favors making the
present insurance of all accounts up
to $500 permanent and doing away
with the higher scale which is to go
A4CO tIeCL July l.
Officers of the Treasury Department
and the Controller of the Currency
are said to be favorable to keeping
the temporary safety regulations in
operation for another year. The
almost unlimited assessment pro-
visions of the permanent law have
brought forth a great deal of modifi-
"a flOn m kor 4F
greSs by bankers.
Local flnanciers are joining with
others all over the country in efforts
to get the permanent law amended or
repealed.
Receiver Assumes New Duties.
Garter B. Keene, well known WASH
hgton attorney, has taken up his new
responsibilities as receiver for the
United States Savings Bank, at Four
teenth and U streets, to which posi-
ton he was appointed by Controller
O'Connor Saturday. Since his ap-
pointment Col. Wade H Cooper,
president of the bank, has filed a
legal protest against liquidation pend
Ing court ruling on previous motion.
DepoSitors in the closed bank ex-
pressed qualification today that
receiver has been named. They feel
that the institution should have gone
into the Hamilton National merger,
as was at one time planned. When
that move was blocked and the
chances of the banks reopening as a
unit institution faded away, only re-
eelverShip remained.
1t has been almost a year since
the bank closed and depositors are
getting very anxious for at least part
of their money. Nobody could say
today how long it will be before some
kind of payment can be made. But
the empaSSe stage is believed ended.
A native of Maine, the new receiver
has had long and varied business and
legal experience. He recently re-
turned from trip around the world.
Receive German Bond Data.
Washington banks which deal in
foreign exchange have received a
prospectus from the Conversion Office
for German Foreign Debts, in Berlin.
which contains valuable information
on the payment of many German
bonds. Many of these bonds are still
held in Washington.
The Washington stock market had
an active session today, after being
closed since last Friday. Both bonds
and stocks were in strong demand.
Capital Traction SIS moved at 71k
and 71h. Washington Gas SIS. 1860,
sold at 104a and 10415 and closed
with $1,000 moving at 10414.
Railway & Electric Is led the mar
ket, four $1,000 sales taking place at
81. In the stock division Capital Trac-
tion again moved at % on a light
turnover. One hundred and seventy
Two shares Of LanSton Monotype came
out OF the board at 48.
There was great deal of interest
IN the board rooms here today over
the New York Stock Exchange OPEN
ing and later Developments. The
market opened irregular, but appeared
stronger than before the holiday.