Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-01

1
has been active in the financial dis
-trlct since 1923. A native of the
Capital, he is a graduate of Dart
mouth, where he won Phi Beta
Kappa honors, and also graduated
from the Amos Tuck School of Bust
ness and Finance. In 1922 he at
tended the National City Banks
training class for foreign service and
IN 1923 joined the Washington Office
Of the National City Co.
Three years later he went to the
staff of Alexander Brown & Sons,
IN Washington, and in 1923 became
district sales manager of the Chase
Securities Corp. In 1888, when pas
sage of the Glass-Steagall bill pro-
ing in the investment banking bust
ness. he become a partner in the
Jones organization.
Nolan Slated for Chairman.
James Parker Nolan of Folger.
Nolan & Co., Inc, Washington, has
been nominated for chairman of the
Southeastern group of the Invest
ment Bankers Association to Sue
coed William J. Price, Sd, of Alex
Brown e. Sons, Baltimore. The
election will be held on October 10
at the Merchants Club, Baltimore.
j. Elliott Irvine of Mead, Irvine &
Co., Baltimore, and, Edward c. An
derson of Scott & Stringfellow,
Richmond, have been nominated for
vice chairmen to succeed Mr. Nolan
and Rutherford Fleet of Richmond.
William w. Mackall of w. w. Mac
kali & Co., Washington, D. c., has
been nominated for secretary-treas-
urer to succeed Mr.. Irvine. Alex
ander Brown Griswold of Baltimore
has been nominated for the Ex-
ecutive Committee and Robert 3.
Hobbs of Baltimore will serve on
the Executive Committee as ex-
off1cio governor.
The chairman of the Nominating
Committee is Y E. Booker of WASH
ington.
August Gas Expenses Heavy.
Details from the August report
of the Washington Gas Light Co.
show that operating revenues to-
tailed S464,814, an increase of SIS
856 over August year ago. At
the same time operating expenses
including taxes increased S52,446,
amounting to $476,974. against S424,-
528 in August, 1889 This accounted
for the seasonal loss of S58,134, COM
pared with loss of $33,879 for Au-
gust last year. The company'5 net
income for the first eight months
of this year was s149,915 ahead of
last year.
The report also shows gas sales
of 643,65s M cubic feet for the cui-
rent month, an increase of 44,675
M cubic feet, or 10 over August.
1899. There were 160,420 meters
in service on August 81 this year,
an increase of 6,348 over the same
date last year. The company ex-
pended approximately $4,000 in Au-
gust and S708,000 in the eight months
of 1910 for extensions to its prop
erty to provide for service require
ments of customers.
Heard in Financial District.
The Prince Georges County Bank
e. Trust Co. today paid semi-an-
nual dividend of per cent anG an
extra dividend of 2 per cent to stock
holders of record September rs.
Members of Washington Chapter,
Chartered Life Underwriters, who
attended the dinner for S. S. Hueb-
ner, Saturday night in Philadelphia,
included Richard w. GrisW old,
Earle w. Sapp, H. Cochran Fisher.
Bernard l.. Wilmer, Vernon w. Hole
man. John McElfresh, Harold D.
Kraft. Hicks Baldwin and James
A DeForce. James S. Holmes and
Leon Katz were among the !43
graduates of the American College
of Life Underwriters, receiving
their diplomas.