Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-09-01

DOBlCJy AVA u AAoSJ
Trust Co.; C. G. I'D
Turnbull, Morris r. M Poole
plan Bank; Thomas ]. Norris, Bank
of Commerce & Savings; Nelson
Stokes, Lincoln National (brancnl
George r. Gallehar, Lincoln National;
Anne P. Crawford, McLachlen Bank
ing Corp; Frank N. McGeary, jr., w.
B. Hibbs g. Co.; Myrtle P. Lewis, Lib
erty National; Edward c. Cox, Column
bia National; Warren Lawson, Takoma
Park Bank; John M. Harris, Anacostla
Bank; Ethel McOsher, Ralph Mitten-
dorf and Donald w. Mobray, American
Security 81 Trust Co.; R. Morgan
D'Espard and William r. Light, Wash
ington Loan & Trust Co.; Henry P.
Hoffman, Second National; L. Harry
Rider. National Metropolitan; Ethelene
E. Parker, Security Savings q Com
mercial; Lincoln Phillips, City Bank,
East Capitol Branch; T. Grant Ridge
lev. City Bank, Pennsylvania Avenue
Branch; G.. Edward Foreman, Riggs
National; Claude w. KniSeley, Riggs
National, Seventh and I Streets
Branch; Stephen o. Porter, Riggs Ma
tional, Park Road Branch; John Birch,
Riggs National, Chevy Chase Branch;
Chester Bowers, Riggs National, Du-
pont Circle Branch; John Carl Perry,
jr., Riggs National, Friendship Branch;
s. Mason Wagner, National Bank OF
Washington; Robert A. Sisson and
Paul w. Clarke, Hamilton National;
John G. Poole, Hamilton Natlonai,
Twentieth and Pennsylvania Avenue
Branch; Douglas r. Smith, National
Savings g. Trust Co.; c. Fred Schrel-
ner, First National Bank, Alexandria;
A. r. Schreiner, Citizens National
Bank, Alexandria; Thomas c. Tai
bert. Union Trust Co.; John L. Bryant,
American Security & Trust Co., South
west Branch.
The function of the board Of con-
suls is to keep in constant touch with
the personnel of the various institu-
lions in connection with all chapter
activities. The consuls are the key
men of the organization, as the ulti-
mate success of all chapter activities
is dependent upon their ability and
enthusiasm.
Mr.. Poole, the chief consul, is pay
ing and receiving teller in Riggs Ma
tional. He entered the employ of the
bank as a runner in 1926. He has been
active In the institute ever since he
entered banking, hastserved on various
chapter committees and was delegate
to the institutes national convention
in Chicago a year ago.
Long Wait for Certificates.
Capital Traction shareholders have
had long wait for the new certif1-
Gates in the Capital Transit Co.,
which will be ready for delivery at
the American Security & Trust Co.
on and after September 10. 1t has
been seven months since the local
street car lines were merged. Most
of the delay in getting out the new
certificates was due to the liberal
amount of time taken by the Gov
eminent agency which had to approve
the new certificates.
Capital Transit officials did not feel
that Government approval was neces-
sary as the deal involved only the
transfer of stock rather than the
bringing out of an entirely new issue.
The stock exchange took the same
view. However, approval was re-
quired.
The transit stock has a par value
of 500 share. In the first trading
on the Washington Exchange yester-
day it sold at $24 share after open
ing at $3.50 a share. The final bid
was $24 with $24.50 asked, the quo
tations being practically the same
as on the old stock; which the ex-
change has now struck of the list.
The sweeping upturn in earnings
of the consolidated company has
given the new stock very different
outlook. Seven months earnings in
dictate that the higher revenues have
come to stay. Sooner or later the
transit company will declare divi-
dends, long suspended by the former
company.
In the good old days" the stock of
the old company paid 81 year and
sold far above 500 a share. Many
present holders bought it above par.
There will be a rush to obtain delivery
on the new certificates as there are
hundreds of shareholders in the city.
Firm Opens Boston Office.
Announcement is made by Fred
erick S. Dudley, president of the Ma
tional Refinance Corp, of the opening
of a branch Office in Boston and the
appointment of G. Wilson Meadow as
resident manager.
This corporation, which has its local
Office in Washington, is rendering a
Nationwide service in the adjustment
of capital and debt structures of
corporations and in qualifying them
for working capital loans.
The corporation also maintains
branch Offices in New York City and
Chicago.
Financial District Notes.
George P. Hoover, director in the
Washington Loan e. Trust Co., has re-
turned from an extended trip to Eng
land and the Continent.
Harry M. Wheeler, for many years
on the staff of w. B. Hibbs & Co.,
has returned from vacation passed at
his Summer cottage in New Hamp-
shire
The Securities & Exchange Com
mission has taken over the securities
division of the Federal Trade Commits
sion and will now handle the listing
Of all securities. 1t is announced that
ITO people will be transferred from
one division to the other.
Local brokers said today that they
consider the margins announced by
the Federal Reserve Board as fair tc
all concerned. They are practically
the same as the margin requirements
now in force.