Evening star., 1939-11-17

ldent, Mr.. NC
F. D. McKenney. Kenney, vice
president and general counsel; Con-
rad A. Hanson, vice president in
charge of works: Thomas j. Mercer,
vice president in charge of audits;
Harry l.. Gage, vice president in
charge of sales; c. L. Griffith, vice
president in charge of topographic
development; r. w. Orcutt, vice
president for overseas sales; Eugene
B. Mirovitch, vice president for
Latin America; William w. Welsh,
secretary; George A. Schwaninger,
treasurer; John W. Reid, Edward
A. Reynolds, William H Moore and
Benjamin c. Bishop, assistant treas
urers and assistant secretaries.
The annual re port recently dis
tributed in the financial district,
covering the fiscal year ended Sep
tember 80, showed net loss of $685.
026, after depreciation, taxes, etc,
compared with a net loss of S34 ,372
in the fiscal year ended September
30, 1898. The report disclosed a dis
appointing year in the demand for
type-setting machinery.
Most of the company's stock is
sold on the Washington and Boston
Stock Exchanges. Recent sales have
been made around SIT share
Bank Directors Reelected.
Robert Lasiter, chairman of the
board of the Federal Reserve Bank
of Richmond, announced today that
Charles E. Rieman, president of the
Western National Bank of Balti-
more, has been reelected a class A
director in the Reserve Bank, to
succeed himself.
Charles c. Reed, vice president
and general manager of Williams &
Reed, Inc, Richmond, has been
renamed a class B director of the
Reserve Bank, to succeed himself,
the announcement stated.
Each was chosen for a term of
three years, expiring December 81,
1912.
Anacostia Bank Celebrates.
j. Frank Campbell, president of
the Anacostia Bank, entertained the
employees, officers, directors and their
wives at special dinner at the
Lee House last evening, the banquet
being planned in connection with
the banks passing the S2,000,00o
mark in deposits. The bank crossed
the $2,000,000 deposit line last June
and has maintained the record ever
since that time, deposits on the last
call, october 2. totaling S2,148, ,441 81.
H. H. Mckee, president of the
National Capital Bank. and Mrs.
Mckee were special guests. The
evening ended with pleasing enter
tainment and dancing.
A. B. A. Trust Poll Planned.
A Nationwide poll of public
opinion on trust institutions, banks
with trust departments and the
public services they perform will be
launched shortly under the sponsor
ship of the trust division OF the
American Bankers Association, it
was announced by Roland E. Clark
president of the division and vice
president of the National Bank OF
Commerce, Portland, Me.
THE purpose of this project" Mr..
Clark stated, sis to find out accurate
ly by frank answers what the public
thinks, what it knows and what it
does not know about trust services
Appraisers Problems Cited.
The largest meet lg of the year
greeted Joseph A. Herbert, local real
tor, last night when members of the
Washington Chapter Society OF
Resident Appraisers, met for the
monthly meeting, introduced by
Wilfred H. Blanz, chairman, he
made an excellent talk on some of
the problems of the appraisers.
Announcement was made by Mr.
Blanz that the annual election of
officers and directors will be held at
the Raleigh Hotel Tuesday evening,
December II. The present officers
include Paul Hathaway, president;
w. H. Blanz. vice president, and
Clarence E. Kefauver, secretary
District of Columbia Chapter,
Chartered Life Underwriters, held
its regular monthly supper meet
ing Wednesday night at the Cosmos
Club. The guest speaker was Russell
r. Reagh of the Board of Actuaries
of the Treasury Department. His
talk, which was received with great
interest, described the civil service
pension plans for Federal employees
from the beginning up to the pres
ent time.
Financial District Notes.
A large number of officers in
Washington banks are planning to
attend the regional banking confer
erce in Richmond in December. it
was learned in the financial district
today. The program, as already an
1ounced, includes many able speak
ers.
The $225 quarterly dividend just
declared by the American Telephone
& Telegraph Co. will be paid on
January Is to shareholders of rec
ord December Is. The dividend an
nouncement is always of very wide
interest here.
William N. Payne, jr, recently
elected president of the District of
COlumDla BullQlng ana Loan League,
has notified members of the Execu-
tive Council to meet with him next
Tuesday, November 81, at the Raj
eigh Hotel, 1890 pm. Past presi-
dents of the league are requested to
Join the directors at the meeting.
Today's Trading on Exchange.
The Washington Stock Exchange
trading opened today with a So
share sale of Mergenthaler Linotype
at 157s.
The next sale was a five-share
transfer in American Telephone &
Telegraph stock, at 1925. Although
listed here for years. this stock ap-
pears very rarely in the daily trans
actions.
The closing sale of the session was
q 50-share block of Capital Transit
stock, at 147s. off an eighth from
yesterdays close On dividend talk
and prospects, the stock has been
working higher in almost eVerv ses.