Evening star., 1938-10-31

1898. 1887.
January -S93 ,436,118 $l00, 1862, ,083
February --- 84,231245 92,192,370
March -- 95692 1893 1l4.782,e1S
April -10l, ,104.372 115.7l5,464
May 8e749,470 103,997,339
Juno -10l BAL ,824 124,OO9,738
July -- 94366,854 110,590,257
August - 88O17,O63 9l,750,668
September - 892O3,5o5 90.915,3S0
October w 1866 .488 O2,799,707
Loan Group in New Home.
The National Permanent Building
Association opened for business to-
DAY in its new Offices at 719 Tenth
street NV. having made the move
after the close of business Saturday.
The fine new quarters give the asso-
citation double the floor space,
thereby filling pressing need.
The lobby interior of Tennessee
marble is enhanced by ivory and buff
f1nishings, while the grill work at the
tellers' cages is of highly polished
bronze. The officers sections are
furnished in walnut. The modern
vault is to the left as one enters the
building.
A complete air-conditioning sys-
TEN has been installed among other
things, with restrooms and the di-
rectors' room in keeping with the
general scheme. The new surround
ings were highly praised by CUSTOM
ers as they visited the Offices for the
first time today.
The association is 48 years old,
Robert E. Buckley being president.
The Offices have been located, since
1905, at 949 Ninth street, the prop
erty having been purchased by the
association many years ago. The
new location was selected when the
former quarters were outgrown.
Return From Convention.
Washington investment bankers
Uere back in the financial district
today, enthusiastic over the White
Sulphur Springs convention. They
report that the suggested steps by
which the railroads might improve
their position proved one of the high
lights among the resolutions by the
Investment Bankers Association.
Other resolutions adopted in
cluded: Appointment of fact-finding
committee to study subject of private
sale of securities, appointment of
special group to study bond ratings,
and launching of a broad public re-
lations program. Various discussions
of the Maloney Act relating to over
the-counter trading also proved in
tensely interesting, the delegates
said. They praised the address of
George c. Mathews of the Securities
and Exchange Commission, which
dealt with this same problem
The delegates from here included
Y. E. Booker James P Nolan, James
H. Lemon, Kenneth S. Wales, Ed
ward S. Hull and George NJ Ferris.
McGeary Heads Committee.
J. Earle McGeary of w. B. Hibbs
Il Co. has been appointed chairman
of the committee in charge of pub
lie speaking activities in Washing
ton Chapter, American Institute of
Banking. The other members:
A. W. Sherman, American Security
& Trust Co.; j. Kennedy Irelan,
Washington Loan & Trust Co.; Ver-
non w. Hill, Security Savings e.
Commercial Bank. and Frank U.
Rodger, Riggs National Bank.
The committee supervises the pub
lie speaking work in the chapter, and
conducts the local public speaking
contest for the A. P. Giannini prizes
of $1,000 offered yearly to institute
members.
Soper Joins Investment Firm.
Robert L. Soper, formerly with
Gillet & Co.. has become associated
with William w. Mackall, jr., in the
investment business, it was an
nounced IN the financial district
today. Mr.. Soper has been engaged
in the investment business for many
years in Washington and in Balti-
more. Part of his financial expert
ence was acquired with the First Ma
tional Bank of Boston, in South
America. Mr.. Mackall, who estab-
llshed his own business some years
ago, is at present vice president of
the Washington Stock Exchange.
Heard in Financial District.
The Washington office announces
that a quarterly dividend of so cents
a share has been declared by Cam
pania Swift International, payable
December l to stock of record No.
vember IS.
Clifton M, Eisele, president of the
Southeastern Industrial Bankers,
Inc, will leave Washington Thurs
day for Chicago to attend the semi
annual meeting of the Board of Di-
rectors OF the American Industrial
Bankers Association, of which he is
vice president and a director. Mr..
Elsele represents 13 industrial bank
Ing institutions in the District of
Columbia, Maryland, Virginia and
West Virginia.
Today's Trading on Exchange.
City & Suburban IS were strong
on the Washington Stock Exchange
again today. two ST 900 transactions
being recorded at 81. The last sale
last week was made at 88. The
market closed with 81 bid and SO
asked for the bonds.
Ten shares of Potomac Electric
Power 57 per cent preferred stock
appeared on the board today at
1l4h, and single share of Potomac
Electric Power 51a per cent preferred
came out at lis. Both quotations
WefA at recent levels