Evening star., 1923-07-06
D. c. BANKERS Plan
CLOSE AFFILIATIONS
Luncheon Club to Make
Weekly Discussions More.
Helpful.

The bankers forum lunchsonF
which meets regularly every Wed
nesday at the City Club. will be or
ganized on Wednesday next and will
take on the minor details OF a bank
ers' club. 1t was learned this morn
ing. At the beginning, a president
vice president, secretary and posi-
bly, a treasurer win be elected, it is
/ understood. =. .
The idea of the present forum was
conceived several months ago when
various bankers interested in the re-
cent convention held an impromptu
luncheon at the City Club with view
Of making tentative plans for the
annual outing. During the course OF
the meeting confidential problems
confronting the various local insti-
tutions came up for discussion, and
the working out of these matters
eliminated in a weekly feature. At
tending bankers are unanimous In
their praise of the body, unhesitet-
ingly admitting that many hundreds
Of dollars have been saved their
clientele by constructive informatIcn
obtained therefrom.
1t is the wish of those interested ln
the movement to have an accredlted
delegate from every bank in the DIS
trict attend these meetings. where,
they will be free to discuss any anc
all problems in the strictest conn.
dence. By this process, repetition OF
pitfalls can be almost entirely eiirHl-
mated in the local fraternity.
At the present time each attending,
delegate pays his own bill, nomf-
nal luncheon charge. At some later,
date the scope of the body may be en-
H.. ID 1 m @
fee, out of which the club would
stand the expense of the luncheors,
it was said.
Trading ON LocnI Exchange.
Well variegated trading. without
feature, dominated the Washington
Stock Exchange this morning. Prices
generally were unchanged.
Washington. Baltimore and Anndp-
oils IS sold at 70, Washington Rail
way and Electric as at 70k, Trac-
tion 5s at 81 and Wardman Park Ho-
tel 6s at SO. In the stock list Rail
Lanston was unchanged at rs and
Washington Gas held at 4S. Nine
shares of Firemen's Insurance Com
pany stock sold at 1917.
Would Withdraw Stock.
The Batopilas Mining Company is
seeking permission of the New York
Stock Exchange to strike Its stock.
taken, IT Is said, with view to re-
organize the company.
For several years the stock has
been selling below 81 a share.
sale of 100 shares at 6 was reported
on Monday. OF an authorized capital
stock of $9,000.000 there is listed on
the exchange a total OF ss,939,92o, Or
! 446.4 1876 shares of $50 par value. It
was admitted to trading on May u.
1909. The company was organized in
! 1887 by a consolidation OF six cont
! panies. which had an aggregate cap
| italization of s12.050.000. All of the
property is in Mexico. f'':'
Transit COmpany's Earnings.
| The net corporate income of the
Washington Rapid Transit Company
| for June amounted to $1.346, Sompar:
| ed with S2,774 in May and a loss of
! 81 ,020 in June, 1922. Passengers car
ried by the service show a steady in
crease.
Earnings OF the company for the
half-year period total S16,045, or al
most double the amount reported for
the corresponding period of last year.
Personal Mention.
Frederick ]. Rice, president of the
Guaranty Savings Bank, is vacation
ing at Asbury Park, Sea Girt and 9TH
er Jersey coast resorts. He is accom-
panied by his family.
Peter a. Drury, president of the
Merchants Bank and Trust Company,
accompanied by his son. Abner, has
sailed for ireland. where he will make
an extended stay.