Evening star., 1925-02-05
CARE
PLANNED BY BANKS
District Institutions Are Civ
en- Report Tending To-
ward Economy.
BY CHAS. II. SHAEFFER.

Economies of time and money in
publicity and bank advertising of
members of the local bankers asso-
citation are provided in a plan sub
mitted today by the protective COM
mittee of the association, headed bv
Harry V. Haynes, chairman.
The movement was conceived at
the October meeting of the association,
when Charles J. Bell presented
resolution for the appointment of a
committee to consider publicity and
bank advertising. The motion was
adopted, and the matter referred to
the protective committee.
This committee, in taking up its
work, adopted the report and recon-
mendations of an unofficial group,
Whlch previously had given much
thought to the subject at hand. These
recomm mendations specifically name
approved as well as prohibited medi-
ums Tor bank advertising; the In
vestigation of the merits of publica-
tions soliciting bank advertising: the
approval of those satisfactory to a
majority of the committees; the is
suance of permits to solicitors of
bank advertising; the securing of
uniform rate and style for publica-
tion or reports OF banks condition,
ana the arrangement of collective or
cooperative advertising.
In the event solicitation is made
FOR other than an approved medium.
member banks, under the plan, Will
refer such requests to Miss Grace NJ.
Bromley, assistant secretary of the
association, who will submit the mat
ter to special committee for it's rec
ommendat ton. This committee con-
sists of five members well qualified to
pass on the merits of any advertising
project. Report of this committee
will be made to the member bank
approached.
The plan becomes operative imme-
diately upon concurrence by members.
Radio Mergers Predicted.
A consolidation of radio companies.
according TO Wall Street report, is
being formed by group of banking
interests. This consolidation, it is
said, will include virtually every
branch of the radio industry from the
manufacture of parts 10 the sale of
complete equipment and receiving
sets. In addition, the company will
have its own merchandising ma
chinery, and it IS intimated that one
of the leading radio chain store or
ganizations will form the nucleus OF
the merchandising branch of the con
solidat:on.
A public offering Of the shares is
looked for shortly.
Trading on Local Board.
A rise OF several points to 32614 in
Riggs Bank shares provided the onlg
conspicuous movement on the Local
Stock Exchange today. This issue
opened at 323l2 and sold to the eN-
tent of 80 shares.
Mergenthaler Linotype displayed
continued strength, 80 shares selling
at no. as did Lanston, gaining frac-
tionally to II on sales Of 35 shares.
Railway preferred brought S1I4, but
Capital Traction eased off to go after
opening a quarter higher.
Columbia Title Insurance Company
| was active after a lapse of some
| weeks, So shares selling at II.
Washington Gas Light was easier at
5S, and National Mortgage and In
vestment preferred sold at 9ss and
s11.
Bond trading was restricted at
strong levels,
Miller Expelled From Exchange.
By the Associated Press.
NEW YORK, February 5-Nathan
J. Miller, stock broker, who recently
| failed in an attempt to enjoin the
New York Stock Exchange from taxi
| ing disciplinary action against his
| firm for alleged irregular transactions
| in Southern States Oil stock, was ex-
PEELED from the exchange today.
While Mr.. Millers application for
| an injupction was pending the dis
solution of his firm and the retire
ment of four other partners were an
| nounced.