The Washington herald., 1922-05-10
new D. c. BANKING
QUARTERS RAPIDLY
BEING COMPLETED
Permanent Home Ready
For Occupancy Within
Next Few Days.


second door. Masonic Temple. which
have been under way since consum-
nation Of leasing arrangements for
permanent quarters for the Dis
trlct of Columbia Bankers Associ-
alton and the local chapter. Amer
lean Institute OF Banking. are rap
Idly nearing completion. and all re-
modelling win be effected within a
few days, according to authorita-
tive announcement by John 3. Lar
ner. president Of the bankers as
ISOLATION, yesterday.
The noors. which were not in the
best possible shape. have been fully
repaired. and the walls have been
greatly improved by fresh applIca-
lions OF paint. Curtains have been
hung. and necessary additional
chairs and furniture installed, so
that seating space for the large
classes of the banking institute 10
no longer In doubt.
Mr.. Larner said yesterday that
the next meeting OF the bankers
association would be held in the
new quarters, quite likely within a
week or ten days. when they will
be-called together to indorse the
1922 convention plans.
Park Savings rmprovements.
With the idea of acquiring neces-
sory additional space. the Park Saw
ings Bank has under construction
extensive improvements. which in
cludes erection of a new building
on the rear half OF the adjoining
lot which will be utilized as a large
safety vault containing safekeep-
Ing compartments. The bank is the
owner OF the lot.
For the current call, the institu-
ton will report a gain in deposits
of s147.374.72, total deposits on May
against s2,241.s13.11 the previous
calf
International Exchange Bank.
The Information Exchange Bank,
OF which Joseph Schiavone is head,
for the current call. Total deposits
now amount to slightly more than
s243.soo.
seay to BE Speaker.
Howard Moran. chairman of the
program committee OF the District
OF Columbia Bankers Association
convention, yesterday announced
George J. Seay. governor of the
Federal Reserve Bank OF Richmond.
will address the local association at
their convention to be held at Hot
Springs. Va. June 1918. Mr. Seay
will discuss the Federal reserve act
1t was also announced that W. ].
Waller. cashier OF the American Ma
tional Bank OF this city. will also
address the association on the To-
cal chapter. American Institution OF
Banking. of which organization he
Is president.
Local Securities.
Washington Railway and Elec-
trio preferred stock was the out
standing feature on the local stock
exchange yesterday. This issue
opened at $50, and on steady ad-
vances closed at 69h. Sixty-five
shares changed hands.
Railway common held strong at
39S on sales aggreEating fifty
shares. while Capital Traction was
likewise firm at 97ai and 97ls on
transactions involving thirty shares.
Gas SIS sold at e4t4 and Traction IS
remained at SIX.
Chamber of Commerce Notes.
Financial subjects are given a
prominent place on the program
for the tenth annual meeting of the
Chamber of Commerce of the United
States to be held in Washington
May Is to Is. The general topic for
the convention is: European Con-
ditions and Their Effect on Ameri-
can. Business" AS many of the cur
rent international business prob
lens are financial questions at their
base, the chamber plans to bring
out at its meeting the relation be-
tween finance and world business.
Among the speakers who will dis
cuss financial problems are Secre-
tary Hughes. Secretary Hoover.
Senator Carter Glass, Dwight w.
Morrow. Representative Sidney An
derson. Representative l.. T. Nc
Fadden, Silas II. Strawn, John r.
Howard. Fred /. Kent. r. G.. Rhett.
John II. Fancy. W. T. Abbott and
Prof. H. G. M0Ulton.