Evening star., 1927-04-29
ROBERTS TO HEAD
INSTITUTE HERE
Washington Chapter, A. |. B.,
Names Riggs Official to
Lead Body Next Year.
BY EDWARD C. STONE.

mated J. j. Roberts, secretary to the
president of the Riggs National Bank,
to be chapter president next year at a
special meeting last evening. They
also nominated the rest of the ticket
and elected 81 delegates to@the ma
tional convention to be held in Detroit
in July.
Mr.. Roberts has been second vice
president this year, chairman of the
educational committee and has been
greatly interested in the chapter for
some years. His choice was unani'
NOUS, Joseph d. Yerkes, first vice
president, having personally requested
that his name not be presented.
Contests developed for the other Of
fetal positions and the following were
placed in nomination: For vice presl-
dent-Hans w. Ireland, American
Security & Trust Co., and James A.
Soper, Lincoln National Bank. For
second vice president-Barnum l.. Col
ton, District National Bank, and A. e.
Henze, w. B. Hibbs & Co. For secre
| tary-Miss Lois A. White, Federal
American National Bank the incum
bent, and Miss Rose Royce, Washing
ton Loan & Trust Co. For treasurer
H. II. Darneille, National Metropolis
tan Bank, and r. II. Lacey, Colum'
retary-Miss Eleanor Dankmeyer, Sc
curity Savings & Commercial Bank,
and Miss Catherine krieg, Riggs Ma
tional Bank. For chief consul-John
M. DeMarco, Seventh Street Savings
Bank, and Frank M. Perley, American
Security & Trust Co.
Nine candidates have been nomi
mated for the board of governors, four
of whom will be elected for a two-year
period and one for one year. The elec
ton will take place on May IL. Those
nominated include f. II. Cox and
Aubrey o. Dooley, Commercial Ma
tional Bank; Robert T. Highf1eld
Mount Vernon Savings Bank; Elmer
O'Hara, Seventh Street Savings Bank
A. w. Sherman and Miss Mildred
Woodcock, American Security & Trust
Co.. Norman E. Towson, Washington
Loan & Trust Co.; Garrett M. Van
Hoesen, Second National Bank, and
Bank, Alexandria, Va.
Convention Delegates Named.
The local chapter has but % votes
in the national convention. but 81 dele
gates were elected, SO that there will
be full delegation when the sessions
open on July II. Those named to rep
resent Washington Chapter are:
T. Hunton Leith, president, Ross
e. Pollock, T. j. Roberts, Joseph D
Yerkes, r. H. Lacey, l.. T. Savage
Frank M. Perley, James G. Dulin, jr.
William e. Schooley, A w. Sherman
Harold w. Burnside, r. Jesse CLANCY
j. Stephen Ramsburgh, Miss Catherine;
M. Krieg, John Keener, Eliot II
Thomson, M. F. Showaltsr. Miss
Esther Lau, Miss Lois A. White, Miss
S. Winifred Burwell, E. j. McQuade
Miss Mabbe V. Royce, Miss Rose
Royce, S. S. Ogilvie, Miss Myrtle F.
Wolfe, A. e. Henze. Norman E
Towson, John Christian, Miss Harriet
Barrett, w. L. Sanderson. Miss Mary
Carven, James A. Soper, Miss Loretta
Ennis, e. G. Stiffe, A. o. Doobay, Ellis
worth Meyer, Miss Helena d. Reed
c. T. SchatZ. Miss Mildred Woodcock
Leo j. Moran and H. F. Kimball.
Decrease i'm Bills Discounted.
A marked decrease in bills discount
ed by the Fifth Federal Reserve Bank
in the week ended April 27, as com.
pared with the preceding week, is
shown in the banks statement made
public last night. A corresponding
decline also occurred in bills bought
by the bank in the open market dur
ing the week. While the total reserves
showed an increase, the banks total
resources last week were below those
of the week ended April 20
The banks ratio of total reserves to
deposit and Federal Reserve note
liabilities combined last week was
1915 per cent, as compared with 72.17
per cent during the preceding week.
Borah to Address Bankers.
Senator William E. Borah and Rep.
resentative Theodore E. Burton will
speak at the annual dinner of the AS.
sociation of Stock Exchange Firms al
Hotel Astor in New York this eve.
ming. w. w. Spaid of w. B. Hibbs &
Co. is chairman of the executive com.
mittee of this comparatively new or
ganiZation and has gone to New York
to attend the banquet. The associa-
ton during the past year has met
with great favor among the Wall
Street Stock Exchange houses outside
of New York City, several very profit
able regional meetings having been
held.
Exchange Prices Steady.
Prices were steady on the Washing
ton Stock Exchange today, Capital
Traction selling at 105, Barber & Ross
common at SO, Lanston Monotype at
81, Mergenthaler at ITO, and Washing
ton Gas Light at 1917. All these
stocks were in good demand. Twenty
five shares of Liberty National sold
at 2051a and 26 shares of Depart
mental Bank came out at g.
Potomac Electric Consolidated IS
sold at 1011a, transactions totaling
$4,000. Washington Gas 6s, series A,
changed hands in small amounts at
104, while the series 3 bonds again
registered 1861 on one 81 900 sale.
Washington Gas, Washington Loan
& Trust and Peoples Drug Stores pre-
ferred are now selling exdividend.
In and Out of the Local Banks.
William J. F'lather, veteran vice
| president Of the Riggs National Bank.
is confined to his home with an attack
of bronchitis.
George o. Watson, president OF the
Liberty National Bank, leaves Wash
| ington this evening for the A. B. A.
| Spring meeting at Hot Springs, Ark.
Howard Moran and Harry V. Haynes
are already on their way.
Eugene e. Thompson, head of Crane
Paris & Co., is in New York on busi-
| ness.
President Eustis of the New Orleans
| Stock Exchange has wired officials of
| the local exchange that so far not a
drop of Mississippi River water has
entered New Orleans and he believes
! the preventive measures will be sue.
cessful.
Other Financial Notes.
The question of closing the local
| banks earlier during the hot Summer
months will come up for final vote at a
| special meeting of the Bankers Asso-
citation next Tuesday
The American Banking Association
| bulletin for April has just come out
| 1t pays a high tribute TO the officers
and activity of Washington Chapter.
The offering of $21,200,000 Argen-
| tine government 6 per cent bonds,
r,a.,.dc. ,.acto..dnx. hns. hcax,