Evening star., 1926-11-07
D. c. MEN ATTEND
/ ST.LOU|S MEETING
Eugene E. Thompson and C.
S. Dewey to Address Stock
Exchange Body.
BY EDWARD c. STONE.

Two Washington men will address
the first annual convention of the As
ISOLATED Stock Exchange which opens
tomorrow in st. Louis and continues
through Tuesday. Eugene E. Thomp-
con, head of Crane, Paris & Co.. will
discuss the Responsibility of Stock
Exchanges to the Public" and Charles
+. Dewey, Assistant Secretary of the
Treasury, has as his subject. Fed.
eral Cooperation to Prevent Fraud. y
The association was formed several
months ago in Detroit to attain closer
working arrangements between all
the smaller exchanges outside New
York which so largely confine their
trading to home securities.
w. II. Bixby, head of the st. Louis
Exchange will greet the delegates. A.
y. Noyes. financial editor of the New
York Times. has the topic. THE
American Investor and the Stock sEX.
change" There are to be other ad-
dresses during the session, including
ono by Howard r. Smith of New York
on Uniform Requirements for the
Transfer of Securities
THE Value of the Open Stock Ex-
change Market" will be the topic of
Melvin A. Traylor. head of the Ameri-
can Bankers Association. and John
\. Prescott of Kansas City. former
C~eSident of the same organization is
t. talk on Prevention of Fra I'D. y
Other addresses are due from Wilson
w. Mills of Detroit. Eugene Ballard.
Hartford, Conn, and Clark c. Wick.
G, Detroit. The program announces a
l''nquet Monday evening at Hotel
Chase and four special business ses-
sicns.
Mr.. Thompson who represents the
iy1c yclo
tive in organizing the new organiza-
t:cn.
Saturday Trading Quiet.
Saturday trading on the Washing
ton Stock Exchange opened with a
f~ansaCtion in Potomac Electric Con-
soiidated IS selling at 100la Wash
ington Railway & Electric As came out
at $685. and closed at S34 Interest
then turned to stocks and Capital
Traction opened at 1O3a4 and re-
mained at that price during two ad-
ditional sales. The days session was
led hy Mergenthaler Linotype. -
shares changing hands at 1O6 with the
exception Of 10 which sold an eighth
Of point higher One sale of Peoples
Drug Stores preferred brought 1912
on a half point from the recent high
Tor the year. After call Potomac
Electric general and refundng IS
inquired in $4,000 transfer at 10e.
Luncheon Great Success.
The luncheon ,tendered by local
bankers and safe deposit men to the
visiting members of the executive
committee of the National Safe De.
poslt Advisory Council at the Willard
yesterday noon, was considered a
great success. The out -of-town guests
were much pleased with the welcome
they received here, and when not in
executive session thoroughly enioyed
locking over the National Capital.
They also said that many construc.
tive suggestions were made and dis
cussed in their business meetings.
Lively Week for New Offerings.
The week just ended was a lively
one for new local offerings. In addi-
tlon to the announcement of the new
1900 900 issue of 10-year per cent
mortgage gold bonds brought out by
the Washington Gas Light Co., the
Federal-American Co. placed on the
market an offering of 100000 Fed.
eral-American Co. 6 per cent preferred
stock, priced at 800 per share.
600 Bankers Expected Here.
1t is expected that 600 bankers will
attend the convention in this city of
Eastern regional conference of the
savings bank section of the American
Bankers Association. The invitation
was extended through the Washing
ton Clearing House Association. The
exact date for the session has not
been fixed. w. r. Moorehouse is presi-
dent of this section of the national as.
sociation.
Bankers To Hear Address.
Many local bankers have accepted
an invitation to hear John a. Rey-
nolds, vice president of the Union
Trust Co. of Detroit, address the local
underwriters association on Life In
sulance Trusts" This meeting takes
place next Thursday evening at the
Raleigh, and will he preceded by an
informal dinner at o'clock. The
steady growth of tho trust business
in Washington gives the topic a Spe-
Cial appeal to the banking fraternity