Evening star., 1926-06-10
TRADING IS QUIET
ON EXCHANGE HERE
District Bankers Association
HonorS Its President.
F. G. Addison, Jr.
BY EDWARD G. STONE.


very small sale i'm Gas g. n tn21t
Washington Railway e Electric As
came ont at 82i4 in one 5. 900 turn
over. There We're two sales IN H. g.
Paper 6s a 81. while the bont trading
closed with the sale Of Georgetown
Gas 5s bringing o7i2 and another
transaction in Washington Gas 6s in
volving 5000 AT lo2i2. gain Of quar-
ter of a point over the opening CAP
ital Traction 5s sold al l00l7.
Fifty shares of Washington Gas
Light stock came out AT 6s17 and 30
shares OF MerGenthaler Linotype sQG
At 105. National Mortgage & 1nves .
ment Preferred brought So on = 20
share ransfer. Potomac Electric
Power preferred interim certificates
changed hands at 1854 g. and the da IS
session closed with the sale of FIVE
shares of Potomac Electric Forer
preferred at 108
Bankers Honor Addison
Francis g. Addison, jr., prcsideuf 80
the District Bankers Association. was
especially hcnored by the luncheon
group of the association at the city
Club Yesterday noon, when he vas
presented with a Handsomely hound
set of resolutions. expressing the ap-
probation and gratitude Of tho bank-
'iS icI the hOIk he fldO uCNP stf VfHF
orga nization during the past year.
The Gift came as a complete SUrp3t-n
to Mr.. Addison. who for a moment
or two was almost speechless. The
resolutions were signed by Howard
Moran, W. w. Spaid. Robert V F-1er1
| ing and Albert S. Galley the other
officers of the association. and also by
other bankers present al the luncheon.
representing about 30 different fnar-
cial institutions.
New Director Is Elected.
Al meeting of the board or Cilrec.
| tors Of the Washington Loan and
! Trust Co. held yesterday Samuel r.
Kaufman was elected a director 20
I'LL the place left vacant nv the death
Of Frank r. Reeside Mr. Reeslde h:,d
served on the hoard for several Years
and AT the time Of his death Wa
secretary of the Equitable Building
Association. The new director. Mr..
kauffmanD, is connected with tho
business department Of The Wash
ington Evening Star.
Banks Fine Contest Record.
For the first time in six wears tho
Federal American National Bank will
not be honored by having a member
OF the institution read an essay AZ
the District Of Columbia Bankers
! Convention. TO be held at Hot Springs.
| June 10 to 20.
The Fedora America n has estah-
lished unique record. having had
six papers read at five consecutive
conventions. Joseph y. Yerkes read
An essay in 192l2292o4 and William
NJ. Seay in 1924-25
Thus in 1924 two Of the three sue
cessful essay contestants were from
the Federal-AmeriCan This honor IS
now shared by the American Security
and Trust Co. as Mr.. Savage ard
Mr.. Perley of that institution we're
first and second prize winners for this
year, together with Mr.. Calvo nf The
Liberty National, who won third prtzs.
Institute Committees Named.
AZ a snecial meeting of the new GOV
erninc board Of the local chanter.
American Institute of Banking. T
ilunton Leith, the newly elected pres
ldeht. announced the following i'm
portant committees TO carry on the
work during the coming year ,
Ways and means committee. r
Jesse Chaney, Commercial National
Bank; house committee. Miss s. ".
Burwell. National Metropolitan Bank
auditing committee John r. F'letChal.
mittee. Joseph p. Yerkes. Federal
American Bank; educational commit.
tee. i. j. Roberts. Riggs National
Bank; forum committee. Harold w
Burnside. Farmers and Mocha MICS
National Bank: theater party commi,
lee. r. p. Lochte, District National
Bank: women's committee. Miss Cath
crime NJ. Kreig. Riggs National Bank:
publicity committee. Miss Mabel V.
RnNcp "a chir,Cfor nj
Co: membership committee. Alfred w
Sherman American Security and
Trust Co.
Still Another Convention.
At least two Washington bankers
will attend the one-day session Of the
Financial Advertisers Association.
which meets in Philadelphia on June
%. The local delegates so far plan
ming to be present are r. VI. Siddnns
American Security and Trust Co.. and
T. Hunton Leith, Security Savings and
Comercial Bank. The session is a part
of the convention of The Advertising .
Clubs of the World. The program will
be devoted to a discussion of the best
means of advertising every depart
ment of ba nix. There are II Wash
ing;on banks entitled to send delegates
and other bankers are expected 10
MA ko pldIlS W dttItu btlC StENl'ii - .
the time approaches. -
Caution Urged i'm Oil FURRY.
The Better Business Bureau "
Miami Fla in answer to inquiries
a bout the reported oil strike in Gtades
County. is sending out a. statement
made by the Florida State GeolosiSt,
who says that sample of oil re-
ported to come from the we'll was
tested. The oil, which was insuffi.
cient in quantity for a standard test.
is, according to the United States
Geological Bureau. of a crude petro-
leum low in gasoline and kerosene
qualities. -
The geologist closes his statement
with the following warning to the
investing public:
I'm view of the refusal of informs-
tion to State officials. the conflicting
reports on the well, the differing re.
ported chemical analysis of separate
samples said to have come from it,
the general air of mystery surround.
ing the whole affair, the public should
not be carried away by the excite
ment of the moment but should wait ;,
Developments. -
Julius /. Peyser president Of the
Security Savings and Commercial
Bank. and Mrs. Peyser. will give -
dinner tonight at the Congressional
Country Club in honor of Francis u.
Addison. jr., and Mrs. Addison. The
guests will include the officers and
the members of the council Of admin
istration of the local Bankers Associs-
tion and the officers and directors oF
the hank with which Mr.. Addison Is.
directly connected.
w w. Spaid. convention general
chairman. predicted today that the
attendance will reach go at the com
ing Hot Springs gathering. This was