Evening star., 1936-02-20

men in the Cap
ital have enjoyed longer official asso-
citation with any one banking institu-
ton.
Before entering finance, Mr.. Hoover
was a real estate and title man." be-
ing vice president and director OF the
Real Estate Title Insurance Co. for
five wears. Born and educated in
Washington, he took his law course at
Georgetown University. On admission
to the District Bar he intended to go
into private practice but the tates
ruled otherwise.
MIR. Hoover is director in the Nor
folk e. Washington Steamboat Co.
and the Terminal Refrigeratlng q
Warehouse Corp. He is 33d degree
Mason, member of the University,
Metropolitan and Lawyers Clubs. Some
years ago he gained national fame as
a golfer when he made hole in one
stroke on course at Hot Springs, Va.
While that is every golf players am
bition, it is rarely realized.
Like S. Prescott Galley, president
l..
ciers, Mr. Hoover is optimistic on the
business outlook in Washington for
the rest of the year. He looks for 1886
advances to exceed progress In 1885.
So far, leading 1886 business indica-
tors have generously backed up his
expectations.
Distinguished Guests Listed.
A. E. Henze, publicity chairman, an
f1ounced long list of distinguished
guests who are planning to attend the
Institute banquet Saturday night at
the Willard. Among the Government
officials are Mariner S. Eccles chair
man of the Federal Reserve Board:
Jesse H. Jones, chairman OF the R. F.
c.; ]. F. T. O'Connor, Controller OF
the Currency; William A. Julian
Treasurer of the United States; M. S.
Szyuazak, Federal Reserve Board gov
ernor; Ronald Ransom, Federal Re-
serve Board governor; Charles B. Hen
derson, director r. F. c.; F. H. Tabor,
r. F.. C. director, and c. B. Merriam,
r. F. C. director.
Other guests will include Charles H
Doing, president, District Bankers AS
sociation; Harold Stonier, educational
director, American Institute OF Bank
ing; Frank M. Totten, past president ol
the Institute; Charles F. Ellery, an
other past president, and the special
guests already announced, RoNrt "
Fleming and Maynard w. E. Park.
The local banks, rather than the
institute, will be hosts to many other
guests, including bank officials from
Baltimore, Richmond and New York.
How to seat more than 800 people Is
the problem with which the general
committee is now struggling.
Firor Heads Market Group.
Announcement was made today OF
the election of Frank M. Flror as
president of the Union Market Busi-
ness Association. He formerly was
president of Adolf Gobel. Inc, OF New
york, which was one of the largest
meat packing firms in the country.
He has been associated with the Union
Market for several years and is now
chairman of the board of directors
of A. D. Loffler, Jr., Inc.
Others elected were Max KoSsoW,
first vice president; Hugh Phillips,
second vice president; M. A. Keane.
treasurer, and j. o. Harrison, Jr,
secretary.
Mr.. Firor succeeds Julius B. Gay,
who headed the association for three
years.
Heard in Financial District.
Details regarding the Chesapeake 4
Potomac Telephone Co.'S traffic rec
ords, which were broken in many dlt-
ferent ways, have just been announced
in the Transmitter. Business was by
far the best here that it has ever been
and included many calls to foreign
stations. There was also tremendous
rush on New Year eve. The results
were recorded in the fine January
financial report.
Carl j. Bergman, last years presi-
dent of the District of Columbia
Building and Loan League, has been
drafted by this years president, Rob-
ert E. Buckley, to help round out final
plans for the annual dinner OF the
league.
Some 10000 holders of American
Telephone stock in Washington were
greatly pleased with yesterdays an
nouncement that the regular quar-
terly dividend of 1925 per share had
been declared. 1t will be paid on
April IS to stock of record March IA.
Outdoor work of the Fifth Federal
Reserve district is still being tied up
by the weather. Fifth district trade,
however, is holding up we'll, according
to reports from the Richmond Re-
serve Bank.
In line with Controller O'Connors s
report that deposits ic national banks
on December 81 had reached the
highest point ever recorded in the
history of the national banking sys-
tom, come expressions from local
bankers that deposits in Washing
ton banks now are probably higher
than they have ever been. This ap-
plies to savings banks and trust COM
panies, as well as to the national
banks.
Riggs Common at New High.
Riggs National Bank common stock
hit a new high mark on the Wash
ington Stock Exchange today when
it changed hands at 260. Three shares
were sold. Five shares of Riggs Ma
tional preferred came out at 104.
Mergenthaler Linotype was strong
today, Is shares figuring in three sales
at Al. The final bid was Al, asked <s.
Capital Transit registered IA and
Washington Railway & Electric pre-
ferred, 10.
Bid and asked prices on other issues
were practically unchanged. The ex-
change will be closed Saturday, WASH
ington's birthday anniversary.