The Washington herald., 1921-06-21
LOCAL BANKERS TO
ATTEND NATIONAL
Al. B. CONVENTION
Washington to Have Fif-
teen Representatives
- At Minneapolis.
LOCAL ISSUES DULL
Trading Only in Public Utili-
ties; Dividend Declarations.
Other Local Notes.

Wilmer J. Waller, cashier Of the
American National Bank and presi-
Dent. of the local chapter of the
American Institute of Banking. yes
terday announced that the national
convention Of the institute would be
held in Minneapolis this year, July
10 to q, both dates inclusive
Due to the efforts of Waller and
Charles d. Boyer, past president of
the local chapter, Washington will
have fifteen representatives in the
neld for the coming convention. res
eryattons already having been made
for the following: W. ]. Waller and
VIE, F. G. Addison and wife, Mrs.
r. C. and Miss Helen Towson, Ross
E. Pollock and wife, Albert E. FISH
ers w. Arthur Dexter, James c. Du-
lin, George A. Herman. A. r. Varela,
Norman z. Towson and Charles d.
Boyer
The local contingent will leave
Washington Saturday, July I6, and
returning Will make limited stops
atGreat Lakes. Buffalo and Niagara
Falls. arriving in Washington July
20.
The Washington Chapter, A. IR.
thanks to the hearty cooperation
accorded IL by local bankers, occu-
pies foremost rank in the national
body, and is also represented In the
NATIONAL committee. f. J. McQuade
being one Of the governing powers.
Local Securities.
Trading on the Washington Stock
Exchange presented a decided con-
trast to Wall Street yesterday. The
usual Monday dullness prevailed,
trading conhning itself solely to
public utility issues. Local hanks
having money to lend asked per
cent in excess of the New York rate.
namely 7 per cent. while per cent
represented the maximum bid.
Washington Railway and Electric
4<Psr cent bonds sold to the extent
ofs2-500 face value at 81. Potomac
Electric Power general mortgage IS
had sales aggregating $4,000 at ss.
while $1,000 Capital Traction So sold
at 81. A $500 Washington Gas 5s
also changed hands at II.
The stock list was decidedly slow
lNshares Of Lanston at 1914 and a
like-amount Of Railway preferred at
6- representing the entirety.
McQuade To Attend Meeting.
Edward ]. McQuade. cashier OF
the Liberty National Bank and a
local director of Mergenthaler Cor
poration, left for New York last
night TO attend the regular meeting
Of. the board to he held in the Mills
Ruilding this afternoon at o'clock.
Nothing but routine matter is
scheduled to come up.
johnson Made Treasurer.
William c. johnson. assistant to
the president of Federal National
Bank. has been appointed treasurer
OF the Epiphany Church memorial
fund, which sum will BE utilized in
erecting a fitting memorial in mem
c-y Of the late DR.. Randolph H
McKim.
Dividend Declarations.
Directors Of the Bank of Com
Tnerce and Savings have declared
their regular semi-annual dividend
OF per cent and an additional e1-
ira distribution Of per cent.
Lincoln National Bank has declar-
ed its regular semi-annual dividend
Of ; per cent. payable July 1 to
stockholders of record June 20.
The Commercial National Bank
will pay it's regular quartedly divi-
dend OF "a per cent on July l to
stockholders Of record June 25. The
books will not close