Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-10

E. FIR m n, william v. Freeman
Episcopal Bishop of Washington. He
has been actively engaged in the in
vestment business for about 20 years,
the last IA Of which he has spent
In this city.
Before his connection with Win
throp Mitchell he was associated
with several other stock exchange
Offices. He is member Of the
Washington Bond Club and other
organizations
Partners in the Mackall firm are
William w. Mackall, who is president
Of the Washington Stock Exchange,
and William c. Coe.
J. Howard Brine Honored.
j. Howard Brine, superintendent
OF the Washington No. district of
the Prudential Insurance Co. OF
America, will be rendered a compi-
mentary dinner by rs associates at
Hotel Washington this evening in
honor Of his completion of Is years
with the company. He began his
tenure as an agent on October 4,
1915, at jamestown, N. Y.
Going to Lebanon, Pa, then to
Harrisburg, he was transferred to
the Washington Office in 1927. He
will be made a member of Pruden-
tails Old Guard this evening, an
association of company veterans,
badge and certificate to be presented
by an officer from the head Office in
Newark. Mr.. Brine is q Mason,
member of the Board of Trade,
Foundry Methodist Church and Civ
ttan Club.
Guests will include Russell P.
Freeman, Samuel c. Keery, beth
agency officers; the Rev. Frederick
Brown Harris and DR.. Charles w.
Beall.
Local Bank Votes Dividend.
Directors of the Washington Loan
& Trust Co. at the october meet
ing yesterday declared the regular
quarterly dividend of per cent,
President Harry G. Meem an
f1ounced today. The dividend Is
payable November l to stockholders
OF record October %.
Raymond F. Talbert, formerly
connected with the Union Trust Co.,
is now executive vice president of
the Pennsylvania Savings and Loan
League, an organization similar to
the District Building and Loan
League. The leagues headquarters
have been permanently located in
Harrisburg, where service is now
being rendered to more than 900
members.
Friends in the financial district
are much pleased with the appoint
ment of Chauncey G.. Parker, jr.,
as chief of the finance and supply
division of National Selective Serv-
ice Headquarters, a very important
position. 1t is estimated that the
cost of CONSUMPTION in the first nine
months alone will be $24,000,000 Mr..
Parker is a partner in Auchincloss,
Parker & Redpath, New York Stock
Exchange firm, with head office in
Washington.
Today's Trading on Exchange.
Peoples Drug Stores common
stock figured in small sale on the
Washington exchange today at 10,
against the last previous sale at 20.
The market closed with 10 bid and
2011 asked.
This was the first sale since yes
terday's Peoples Drug Stores monthly
report showing 4.8 per cent gain
in September sales over September
year ago and gain of $681 1873 in
sales in the first nine months of
this year over the like period in 1885,
The bid for Washington Railway
& Electric common stock stood to-
day at $710 a share, with $500
asked. The bid for Mergenthaler
was 10, with 1917 asked, and for Gar
hnckel preferred, 26la, with none
offered for sale.
The National City Banks O.
tober review states that retail dis
tribution has been better than many
merchants expected, running 10 per
cent ahead of last year.
Manufacturers engaged in de-
tense work have no worries as to
the market for their products. They
do not have to give thought as to
whether their distributors are over
stocked.
More construction work is going
on than at any time since 1880,
contracts awarded in the first half
Of September being q per cent
above last year.