Evening star., 1939-01-03
Hill Becomes Booker Partner.


Admission of John Rowland Hill
as a general partner in the invest
ment banking firm of Y. E. Booker
d Co. was announced today.
Mr.. Hill has been with the firm
as member of its sales organiza-
tilon since May, 1887 His expert
ence in the investment business be-
gan in 1928, when he became aSSo-
ciated with the Washington office
of G.. Mp. Murphy & Co. In 1884,
he joined the staff of the Wash
ington Office of R. G. Rankin IL Co.,
public accountants, where he con-
tinued two years. after which he
returned to Murphy a. Co., continu-
ing in that position until he joined
the Booker organization.
He was born in Washington May
Is, received his education at West
ern High School. Princeton Univer-
sity, class of 1929. and later took
special courses in finance at Wash
ington Chapter of the American In
stitute of Banking
He is member of the board of
directors of the National Symphony
Orchestra Association, member of
the executive board and assistant
treasurer of the National Capital
Area, Council of Boy Scouts of
America: the Junior Board of Com
merce and the Chevy Chase Club
Two New Oriental Directors.
DR.. Frederick H. Morhart and
Fred w. Schneider have been elected
directors in the Oriental Building
Association, Secretary Ralph l..
Zander announced today bringing
the boards total to 10 members.
DR.. Morhart, practicing physi-
cian, served as a surgeon in the
Army during the Spanish American
War and later saw service during
the Philippine insurrection. Medi-
cal director of the Potomac Electric
Power Co., DR.. Morhart is also med
ical officer for the Capital Tran
sit Co.
Mr.. Schneider, formerly in the
food and provision business, later
served as vice president and sales
manager of the Trew Motor Co.
Chaplin B. Bauman is president
of the Oriental, while John G.. Kolb
Is treasurer.
Electricity Demand Mounts.
J. F. Fogarty, president of the
North American Co.. of which
Washington Railway & Electric,
Potomac Electric Power and Capt.
tai Transit companies are sub
sidiaries, said today that both elec-
trio output and sales showed marked
improvement in the latter part of
1898, in contrast with 1887.
While final figures are not yet
available, Mr.. Fogarty said. it is
estimated that the electric output
of North American subsidiaries in
1898 was approximately 5 per cent
less than for 1887. about 2l2 per
cent greater than in 1886 and about
81 per cent greater than back in
1929.
D. c. Bank Call Due Shortly.
1t is anticipated in the financial
district that a bank call will be
issued by the controller of the cur
rency in few days. In the past
such call has usually been dated
in order to secure the complete
figures for the calendar period.
Bankers said unofficially today
that they believed aggregate de-
posits in Washington are now higher
than year ago and also above
the September call figures. A year
ago deposits here totaled more than
322,000000 and in September had
run up to $33O,625 ,O29 SO. Deposits
are now believed to be somewhere
around S334,000000 or possibly a
little higher.
The all-time high mark for Wash
ington was reached in March, 1887,
when deposits reached more than
$341 100000 Whenever the call
is issued, the results will be awaited
with great interest.
Todayas Trading on Exchange.
The first sale in 1889 on the WASH
ington Stock Exchange was in Cap
ital Transit stock, which moved at
fiat. The turnover was only five
shares. The market closed with Z
bid and 734 asked.
Capital Traction SIS appeared on
the board, $1,000 bond changing
hands at 841a and $500 transaction
taking place on an advance to 84s4.
New York Stock Exchange offices
here were well filled for the first
trading of the year. The opening
was active at fractionally higher
prices. The rise in the market
during the last week of 1898 brought
a lot of added optimism into broker