Evening star., 1934-10-10

IcCu MI. Oluo' s. William Miller.
S. William Mil
Ter. who has been an assistant treas
urer for several years and has been
a member of the banks staff since
1904. was advanced to the position u
treasurer. succeeding Mr.. Heron.
G. Elmer Flather was advanced to
the rank of senior assistant treasurer
and Harry F. Harding, one of the
tellers, was made an assistant treas
urer to assume Mr.. Fathers former
duties.
The directors then created the place
of auditor and elected Walter NJ. Nc
Curdy to fill this position. He has
been head of the general bookkeeping
department and active in the bark
since 1918.
The president of the Union Trust
Co is Ord Preston, who for several
years was president of the Washing
ton Gas Light Co.
Bids Asked on Bond Issue.
Sealed bids have been asked on the
purchase of S250,0O0 Washington
Suburban Sanitary District bonds
bearing Az per cent, payable semi
annually and dated october l, 1884
to mature in so years.
The bonds are known as series "FF'
and bids will be received up to
o'clock Wednesday. October II, at the
Office of the commission in the Tower
Building, Fourteenth and < streets,
in this city.
The bonds carry exemptions as to
taxes such as apply to Maryland
municipal bonds and are guaranteed
as to both principal and interest BY
Montgomery and Prince Georges Coun-
ties, Md.
The commission reserves the right
to reject any and all bids in case
they should be too low according to
T. Howard Duckett commission chair
man.
Southern Directors Named.
At the forty-first annual meeting
of stockholders of Southern Railway
Co, held in Richmond today, Guy
Cary, Walter S. Case and Richard S.
Reynolds, all of New York, and Ernest
Z. Norris of Washington were re-
elected directors for a term of three
years. To fill the vacancy in the
class of 1885, due to the resignation
of Ernest Iselin, Oliver Iselin of New
York was chosen by the stockholders
as a director of that class.
w. 1. Myers, governor OF the Farm
Credit Administration, announces
that Federal Land Bank bonds and
Federal intermediate Credit Bank de-
bentures have been designated as
exempted securities under the Sc
CuritieS exchange act of 1884 and,
hence, are eligible collateral without
registration for the extension of credit
by members of national securities eX-
changes, brokers or dealers who trans
act a business in securities through
the medium of any such members.
Federal Farm Mortgage Corp. bonds,
being fully and Internationally guar
anteed by the United States, are auto
matically included in the classes of
exempted securities"
Columbus Day CIOSingS.
Notices posted in all Washington
brokerage Offices today called atten-
ton to the fact that Friday is Colum-
bus day and that all New York Stock
Exchange Offices will be closed on
that date, due to the holiday in
Gotham.
The Washington Stock Exchange
also will be closed Columbus day, as
the Board CT Governors usually closes
the exchange here on days when the
big board in New York is not being
operated.
Washington banks, however, will
not observe Columbus day and will
offer full banking service as usual.
The banks already have received a
host of inquiries, the reply to patrons
being, business as usual"
Business Improvement Seen.
The United Business Service, BoS-
ton, is very hopeful for business con-
ditions in this territory during the re-
mainder of October With special
reference to the South Atlantic
States, the service reports a recent
gain in business in Maryland of ~
per cent; in Virginia, 10 per cent:
West Virginia, % per cent; North
Carolina, 10 per cent; South Caro-
lima, 26 per cent; Georgia, TO- and
Florida. 81.
Resumption of textile activity, sta
bility in retail trade, Federal emer-
gency spending, upturn in commercial
loans, seasonal crop marketings and
the upward trend in check transac-
tions are given as the chief factors
which should result in satisfactory
october returns.
The same review is also hopeful
over business improvement as likely
to make progress in other parts of the
country as well as in the Southeast.
TOday's Trading on Exchange.
National Savings & Trust Co. stock
sold at 100 on the Washington Stock
Exchange today in small-lot trans
action.
Washington Gas IS, 1860, figured in
a $1,000 transfer at 109 and a $500
sale at 10834. Washington Railway &
Electric As moved at SO.
The only other sale was in Wash
ington Railway & Electric preferred,
two lots changing ownership at 1O014.
IkICIIn nAMnr OTnnHN