Evening star., 1926-03-25
BANKERS TO MEET /:
IN HOT SPRINGS, VA.;
Also Decides to Move Head =,
iIf
quarters to Becker Build.
ing, F Street.
BY EDWARD c. STONE.


trlct Bankers Association. presided
over by Francis 6. Addison. jr.. il
was unanimously voted to hold the.
eighth annual convention at Hot--
Springs, Va. June II to 20. inclusive.
and 1t also was decided to move the
associations present headquarters in
this city from the Masonic Temple TO
the Becker Building. at 1914 F street:
the reason for this action being the
imperative demands for additional :.
space. The meeting wag held late
yesterday afternoon. .
Hot Springs again was chosen be.
cause of the large attendance at the
gathering there last year and the
prospect that this years turnout will
be larger. The hotel accommodations,
| hall for the meetings, golf courses
tennis courts and other attractions
are all that could be desired Plans
submitted by w. w. Spaid. chairman
of the general convention committee.
were adopted in full. Practically all o.
the subcommittees now have been ap~
pointed and will be announced soon.
Some of these committees have al
| ready begun their work
Bankers today expressed reluC
tance in leaving their present head
| quarters. Their action was made
compulsory on account of the growth
! Of the Washington Chapter. Amer
| lean Institute of Banking. The local
| association furnishes the classroom
| space for the institute. The courses
! now offered are more rigid. Instead
OF one-hour class period a week.
the classes now run an hour and a.
half twice a week This move has
4 a nd ole
| space. The whole top floor of the
| Becker Building has been leased
| and is expected TO be ample for the
needs of the students in banking for
| the next five years at least. The floor
| space is just double that now in use.
| w. X. & f. Stock Active.
Washington Railway and Electric
preferred was the most active stock
on the Washington Stock Exchange
| today. Thirty-seven shares in i've
different tranSa ctions changed hands
at 90A. Capital Traction, which was
| ex-dividend yesterday and closed q
l05. registered but one sale today.
when ~ shares were sold at q drop
! of ] point to 104. Potomac Electric
| Power preferred stood at 1861 on
one sale, a slump of q from yester-
days close. The company's interim
certificates checked up on the board
at 1852.
Continental Trust Co. stock held
at par or three sales involving the
ira nSferrinG of so shares National
Mortgage and Investment preferre
was off an eighth from YESTERDAY.
| 90 shares going at SIS Five shares
Of Union Trust 90. stock brought
23l, while there was one sale of Lans--,
ton Monotype. priced at S2a4
On the bond side Capital Traction
% brought par. as did Washington
Gas 5s. Washington Gas 6s recorded,
one transa ction at 103I..
District Insurance. -
The amount of life insurance pur,.
chased in the United States in F'eh"'
ruary totaled $500. 900. according
to report made today by the Sales
Research Bureau of Hartford. Conn.,
The best Increases over the same
month in 1925 were gains of 10 per
| cent in Florida and 81 per cent in the
| District of Columbia
) Practically every section of the
country shows an increase in sales
over a year ago. The largest gain,
however WAS d l3 per cent advance
scored in the Middle and South At,f
lantic States. This section comprises
Delaware, Maryland, District of Co
!urnbia, Virginia. West Virginia p
y
gia and Florida
For the first two months of the
year nearly every State in the Union
shows a gain in business. The figures
cover reports from 81 companies hay;
ing in force SIS per cent of the tota!
life insurance outstanding. The ma
tional increase for the two months,
was per cent. -
The gain for the II months ended
February IS over the preceding l.
months was i3 per cent.
Pennsy Director known Here. 6
Charles Day, who was connected
with many Government activities III
Washington during the World War;
has been elected member of the
board of directors of the Pennsylvania
Railroad. filling the vacancy due to
the death of George Wood He is q
member of a Phila delphia engineering
firm. During the war Mr.. Day was
one of the trustees of the Emergency
| Fleet Corporation. member of the
Army War Council. the committee or
ship yard conditions, general mum
tions board, and made several tours
of England and France as q special
observer for Secretary of War Baker
Bank Declares Dividend.
The board of directors of the
Security Savings and Commercial
Bank. at Ninth and G. streets, met
yesterday and declared the regular
;. quarterly dividend of per cent. This
s dividend is payable on March 81 to
|. stockholders of record on March 25
al Harris, Forbes & Co., the National
City Co. and Frederick f. Noting &
|. Co. of Richmond. Va, are offering a
new issue of $1,000, 600 City of Lynch
burg, Va. Az per cent bonds, due
!. 1860, priced at 1925 and interest, to
=. yield about 4.35 per cent. .
~ j. A. Dart, recently appointed a
director of the Chesapeake and Ohio
>. has been prominent in the tobacco
business in Richmond for 35 years
He is reported TO be the largest stock
holder in Virginia in the G. O..
| His appointment caused general sur
prise, as he was opposed to the terms
of the Nickel Plate merger as they
: stood before they were turned oown
by the Interstate Commerce ConlInis-
4 sion.
With Atlantic Coast Line earning
s33 a share and Louisville and Nash
|, | Vile between SIC and SIT a share.
: including equity in earnings of con
. trolled lines. the Wall Street journal
! saws that shareholders are confident
of larger dividends, merger or no
i merger.
Investment Firm Closes OHlcc.
Washington's financial district /
ever Changing. Because of III he;9th
G. Quincy Peters, surviving member
| Of the firm of Carlisle Peters, invest-
| nent bond dealers, in the Transports
ton Building. has retired from busi
1 ness and closed the firms office.
The firm has been dealing in bonds,
: nreferred stocks and other invest =
3 ment securities since January 21, 1872.