Evening star., 1941-01-07
KindIe Is Reelected
American BuiIdinq
Association Chief
Directors and Other
Officers Retained
For New Term
Ry EDWARD c. STONE.

By EDWARD c. STONE.
Charles H. Kindle was reelected
president of the American Building
Association at the recent annual
meeting of the shareholders, it was
announced today. Other officers re-
elected included Milton H. Prosperi,
chairman of the board; Arthur c.
Balser, vice president; Wilfred H.
Blanz, secretary. and Howard B.
Kramer, treasurer.
Shareholders also renamed the
present directors to succeed them
selves, John E. Mergner, Chatham
M. Towers, Bernard j. Coyle,
Thomas S. Sergeon, Charles A. Ros-
sitter. w. Dudley Spicknall and DR..
William c. Farmer.
The report of Secretary Blanz
stated that resources increased
nearly s1.o0o,00O during the year
and now total in excess of S13.000,-
900. Active demand for loans con-
tinued which made 1910 one of the
most successful in the 6S-year his
tory of the home lending organiza-
ton.
Mehl Reviews Commodity Year.
Although activity in the agricul-
tural commodity markets slackened
In December. summary reports from
the Commodity Exchange Admin
istration show that futures prices
generally were steady to higher,
with cotton. wool, corn and oats
enjoying noticeable increases dur
ing the month.
The effect of the European war
on futures trading in farm COM
modities is described in the recently
released 1910 annual report of J. M.
Mehl. chief of the Commodity Ex-
change Administration. The VOL
ume of futures trading in commod-
tiles supervised by the agency, which
includes the principal ones, aggre-
gated s10376,0O0,000 in the 1910 fis-
cal year representing SIS per cent
increase over the 1899 fiscal period.
Mr.. Mehl's report points out that
with normal forces of supply and
demand seriously affected by the
war. and with Liverpool, Bombay,
Alexandria and other futures mar
kets closed or partially closed, the
American exchanges are the only
world markets not subject to drastic
wartime restrictions.
Increases from to 1876 per cent
In trading in commodity futures
during 1e39-40 over the previous
year are reported.
S10,000,000 Expended in 1910.
The Potomac Electric Power Co.
expended approximately Sl0,000,000
for additions and improvements to
plant and distribution facilities dur
ing 1910. according to President
A. G. Neal.
Thirteen new substations were
installed, he says, and much of the
underground construction work that
was visible throughout the streets
of the city during the summer and
fall represented the installation of
additional service facilities.
During the year there were also
Installed 900 additional transform
ers. in excess of $50 miles of under
ground cable, over "a miles of un-
derground conduit. 900 miles Of
overhead wire, the erection of about
5000 poles in suburban areas, Mr..
Neal added.
jacobson Grocery Stores Chief.
Isaac jacobson, who has served
District Grocery Stores, Inc, as
president for 10 terms. was returned
to the same Office at the annual
meeting held last night at the Jewish
Community Center.
Al Kaufman was elected first vice
president, Louis Biskin and David
A. Miller, second and third vice
presidents. respectively; Frank M.
Fields, secretary, and A. o. Brill,
treasurer for the fourth consecutive
term
The newly elected Board of Direc-
tors includes I L. Asrael. Max Burka,
David Ceppos, Philip Cohen, Oscar
Gildenhorn, Max Hoffman, Louis R.
Fields, Henry Noon, Max Rumshin,
Frank Seidel and Louis Snider.
In a few days the District Grocery
Stores will occupy their new and
modern warehouse building just
completed at the corner of Fourth
and c streets SW. The new struc-
ture will house all of the activities
Of this large cooperative group of
individually owned and operated
stores and includes warehousing and
storage facilities in addition to the
executive and general Offices OF the
organization.
Brokers in New Quarters.
Merrill Lynch, z. A. Pierce &
Cassatt have completed moving
from the Transportation Building,
Seventeenth and H streets, to 729
Fifteenth street, in the financial
district. Associated with George A.
Garrett, resident partner, are as
sistant managers John Caswell,
Hayward W. Strecker and S. Howard
Williams. Other members of the
staff include Herbert A. Allen,
Stanley Carr, Miss Rosalie H. Dill,
Reginald H. Foster, Harry r. Fowler,
Cornelius M. Holt, Perry B. Hoover,
Jesse L. Leverton, Frank P. Reeside,
II. H. Rutherford, w. r. Van Auken,
Burdett S. Warden and Thomas E.
Wigglesworth.
The midyear educational dinner
OF Washington Chapter, American
Institute of Banking, will take place
at the Raleigh Hotel, tomorrow
evening, with Edward M. Matthews
of Philadelphia, member of the
National Executive Council, as the
guest speaker. About 100 will be
present, including officers, members
of the faculty, consuls, committee
chairmen and special guests.
Thirty-fve shares of Capital
Transit sold on the Washington
Stock Exchange today at 14la, un-
changed from the last transfer.
Ten shares of Security Storage
Co. stock appeared on the board at
81, the first sale this year. Bid and
asked prices on other issues were
practically unchanged.
The annual report of Lehman
Corp. shows that the company now
holds IS shares of Washington Rail-
way & Electric common, present bid