Evening star., 1921-06-09
RAILWAY BONDS
: WERE IN DEMAND
Prices for Issue Strong
Program for the District
Bankers Convention.
BY L A. FLEMING


There was a decided spurt Of &C.
jvity on today's session OF the local
stock exchange. but the trading was
confined largely to the per cent
bonds of the Washington Railway
and Electric Company. with de-
c;dedly good demand for Potomac
Electric general S.
Railway IS started slowly. easing
from 61A to 81, when bond after bond
was taken in $1,000 lots until total
of $4,000 par value had been alb
sorbed. The price gradually stiffened
from the low at 81 to a firm closing
at 6I1s. the high Of the session. 1t
was not an especially large business,
but IS compared with the very re-
styicted action Of weeks past it was
The Potomac Electric general Sc
were sold at ss1 to SO. the high at
the close.
Potomac Electric Arst SIS sold at 81.
Stocks were neglected in the trad
in Continental Trust stock. where 20
shares sold at 104. -
A few shares of Capital Traction at
SIN and of Mergenthaler at 11s COM
pleted the record.
Regular Dividend Declared.
Directors of the Capital Traction
Company. at their regular meeting
held yesterday, declared the usual
quarterly dividend of IL per cent
The dividend will be paid July i, to
Shareholders of record June H.
e. C. Graham Eleetel.
Edwin c. Graham has been elected
q class director of the Richmond
Regional Reserve Bank. the recon-
nendation of the local banking institu-
0os1s being favorabiy acted on by group
3 Of the fifth district banks. AS stated
before, the position Is an honorary one.
carrying no emolument.
Mr.. Graham, one of the leading busi-
ness men of the city. succeeds Capt
order that he might be qualified for
the position he resigned from the di-
rectory of the Federal National Bank.
Csnventisn Aeeept.nees.
It Is stated this morning that about
200 acceptances have been received
from bankers and others who will be
kheir guests At the White Sulphur con-
vention.
Assignments win be by J. Floyd
Cissel, chairman of the hota and
transportation committee, up to the
chose of business tomorrow afternoon,
and the train will leave the Union sta
tion Saturday morning at IL o'clock
sharp
Convention Program.
The full program for the District
Bankers Association convention, to
be held at White Sulphur Monday
and Tuesday of next week. has been
prepared by Victor B. Deyber, chair
man, and approved by the general
committee of the convention.
The special train bearing the bank
ers and their guests to White Sulphur
o'clock Saturday morning. in charge
of John B. Edmunds, general agent,
and ]. Floyd Cissel and his assist
ants Of the transportation and hotel
committee.
At $50 O'Clock that evening the
train will arrive at White Sulphur.
Dinner win be served at o'clock.
Monday morning at s:15 the con-
vention will be called to order by
George o. Watson. chairman of the
dent of the association. will be given
the gavel of authority.
F1rst Session Monday e.1s AN.
The program for the morning in
Invocation. "The Star spangled
Banner, The Record of the Asso-
ciation." by Robert N. Harper; Pres
erty; auditor and Auditing Depart
ment for Modern Bank" by Francis
Coates, jr, examiner of the Clearing
House Association of Cleveland. Ohio;
discussion: announcement OF COM
mittee on resolutions; presentation
announcements.
Second Session Mona1y, June n,
John B. Larner. first vice president.
presiding. Invocation. Twelve Min
utes With the American Institute of
Banking" Charles d. Boyer, past
president of Washington Chapter.
Tn af Do III
.posium of bank problems. conduct ed
by B. A. Bowles. cashier. Potomac
Savings Bank; Everyday Bank
Problems" Joseph D. Yerkes, Federal
National Bank. Washington, D. c.;
New Business and Bank Advertis-
ing" James Montgomery. Washing
ton Loan and Trust Company, an hour
of open forum discussion on banking
methods and practice: presentation of
resolutions without debate; announce
ments.
Third session Tuesday, June II,
Joshua Evans. jr.. second vice
"Hampering Business BY Too Many
Laws" Frank j. Hogan, counsel Dis
trict Of Columbia Bankers Associa-
tion: discussion. What Membership
In the American Bankers Association
Means" George o. Watson. president,
Liberty National Bank. Washington,
u. e.: recess; convening of the
American Bankers Association mem
bers; election for American Eank-
ers' Association-A vice president for
the District of Columbia. to succeed
NJ. D. Rosenberg; a member to serve
on the nominating committee; an
alternate member of the nominating g
e6mmittee; vice presidents for the
District of Columbia for the following
sections; Trust Company, savings
L..
adjournment American Bankers As
sociation meeting; reconvening OF
the District OF Columbia Bankers As
sociation convention; election of Of
ficers for the District of Columbia
Bankers Association; roll call;> read
ing Of minutes of last meeting; re-
port of secretary; report of treas
urer: report of council of admins
traitor; report of special committee;
unfinished business; new business;
election of officers. and installation of
president-elect; adjournment.
I The entertainment committee an
:Hounces the following: Saturday, June
vi, after dinner there will be moving
pictures in the Greenbrier ballroom,
followed by dancing. Sunday, June IL,
q day of rest and recreation. Monday.
June 13. 2:30 pm. ladies' card party.
to be followed by tea at 4:30 pm. in
the casino: PM, in the Greenbrier
dining room, Family dinner; after
dinner. dancing in the Greenbrier
ballroom. Tuesday. June IA, 2:30 pm.
base ball game, followed by swim
ming contest for both men and wom-
en-; gof and tennis tournaments. to be
arranged.
Omcers 1ozO-1021.
~ President. Robert N. Harper: first
vice president, John B. Larner: Sec
cnd vice president. Joshua Evans, jr.;
secretary, Harry V. Haynes: tfeasur-
er, Albert S. Galley. Council Of ad-