Evening star., 1920-01-22
BANKERS MAY HAVE
CONVENTION HERE
President Dawes Says They
Have Been FavorabIy I'm
pressed by City.

-
Night Richard F. Dawes. president
of the American Bankers Association
who has been in Washington for sew
eral days attending the pan-American
financial conference, said that the
chances were excellent for the hold
ing of the 1920 convention of the as
sociation in Washington.
The officers of the association are
very favorably impressed with the
manner in which the committee rep
retenting Washington civic organiza-
tiSns and business men has placed the
matter before u.s." said Mr.. Dawes.
The interest and enthusiasm of the
people here have attracted the atten-
lion of the chapters throughout the
country. and the chances for holding
able"
May Reach Decision Today.
decision Is likely to be reached to-
day at meeting of the administra-
tive committee of the association in
New York.
Great activity has been shown by
those working to bring the conven-
tipn here. Committees from the
W ashington Chamber of Commerce
and the Washington Board of Trade
have exerted great effort to induce
I he association to select this city.
kCnder the direction of Col. R. N Har-
per, president of the chamber, a state
commodations at the hotels here and
in other cities which were being con-
sidered for the convention has been
drawn UP.
The table refutes the charge which
vas made to the administrative COM
here the delegates would be robbed
by the hotels"
The statement has been placed be-
fore the association by NJ D. Rosen-
berg, president of the District of
Columbia. Bankers Association, and
that organization.
Uniform Rate Predicted.
4 II is reported in well informed finan-
cial circles that a uniform rate of dis
count has been decided upon by the
Federal Reserve Board and that the
plan for putting it into effect through
|out the country was the principal
terence Of the Federal Reserve Board
yesterday. preliminary to the confer
IeDce of the leading western bankers
with some of the Federal Reserve
Board officials at Chicago tomorrow
|morning.
No announcement is expected to be
made until after that conference.
Elected Storage Omeial.
Paul Alvey. who has been connected
with the Security Storage Company
sdnce 1910, except for a year and a
| half during the war when he served
with the aviation force of the Army,
was elected assistant secretary of the
company at a meeting of the board
of directors held Tuesday. January 20,
following the annual meeting of the
stockholders.
The initials of Mr.. Clayton. storage
|manager of the same company, elected
at the directors meeting. should be
II. l. instead of F. A. as printed in
The Star
Trading continued brisk on the
Washington stock exchange again
today. Four Washington Railway and
Electric $1,000 4 per cent bonds sold
at 81, and two of the same denomina-
ton brought 56H. There vert six g.
share lots of the company's preferred
stock sold at 54 and one 20-share lot
at the same price. -
One share of Commercial National
Bank stock brought 179, and two l.
share lots and one 10-share lot OF
|O1ntinental Trust Company stock
brought 1oe. 107% and 1o3. respective
ly. the last two lots being sold after
call.
After call three Capital Traction
81 900 5s sold at 90: seven shares OF
Washington Gas at 48Hs i've shares OF
.Lanston Monotype at S44 and eleven
bots of Mergenthaler Linotype. nine OF
ten shares and two of hve shares, sold
at 13s.
There were $21.ooo worth Of Riggs
Realty U.ong) IS sold on the exchange
yesterday instead Of $4,000 worth. as
announced.