Evening star., 1927-03-23
SAVINGS MEETING
PROGRAM FINISHED
Regional Conference of A. B.
A. Section Will Be Held
April 7 and s.
BY EDWARD C. STONE.

general committee arranging for the
regional savings conference of the
savings bank division of the Ameri-
can Bankers Association, to be held
in Washington on April and 8, has
just announced the program and
speakers for the big event. 1t is ex
pected that 700 or 800 bankers from
New England, the Middle and Sout'
Atlantic States will be here, the in
vitation having been extended b
Harry V. Haynes, chairman of til
Washington Clearing House Associa
ton. The variety and Importance
che topics chosen for discussion cal
not fail to arrest the attention of SAY
ings bank men everywhere, as we
as those in charge of the savings dt
partments of national banks and trus
companies.
Able Bankers on Program.
The following bankers will make
addresses, which will be followed by
general discussions:
w. Espey Albig, deputy manager
American Bankers Association, New
York; subject, Lights and Shadows
in Savings; Samuel II. Beach. presi
dent Rome Savings Bank, Rome, n.
Y, "Money--the Keeping 1t of Stand
ard Purchasing Power Particularly
Essential to Savings Depositors"
Harry Z. Clifford, president National
Association of Mutual Savings Banks,
Salem, Mass, Investment of Saw
ings Deposits; Edward l., Greene,
managing director National Better
Business Bureau, New York. Better
Business Bureau in It's Relation to
Savings; Orrin c. Lester, assistant
vice president the Bowery Savings
Bank, New York, Income Manage
ment"; DIR. Heinz E. Leudicke, secre-
tary Savings Banks Association of
Germany, 1.-The Difference Between
the Functioning of the Mutual Saw
ings Banks in the United States and
the Municipal Savings Banks in Ger
many; Gaillard L. Oliver, special
bank representative Monroe CalcuIat-
ing Machine Co., New York, "Uniform
Method of Calculating Interest; J. A.
Price, publicity manager Bank of
Pittsburgh. observations on Finan-
cial Advertising"
Other Conference Speakers.
William F. Ritter, assistant treas.
urer Central Trust & Savings Co.,
Philadelphia, Stimulation of Inac-
tive and the Correction of Improbable
Savings Accounts; Dana S. Sylves-
ter, executive manager Savings Banks
Association of Massachusetts, Boston,
Savings Club Idea; Merle Thorpe,
editor Nations Business, United
States Chamber of Commerce, THE
Prospect of Continued Commercial and
Industrial Prosperity and It's Effect
Upon Savings; Keyes Winter, as
sistant attorney general New York
State, Albany, THE Desirability or
Undesirability of Mortgage Bonds as
Investments for Savings; Jesse F.
Wood, vice president State Planters
Bank & Trust Co., Richmond, us the
Thrift Idea to Become Obsolete Be-
cause Of Installment Buying?"
Washington Banker Also to Speak.
Henry H. Mckee, president, Ma
tional Capital Bank, Washington,
Savings Deposits and Real Estate
Loans of National Banks Authorized
by the McFadden Banking Bill; Fl.
Brook Herring, vice president, Balti-
more Trust Co., Baltimore, Getting
Your Moneys Worth From Savings
Advertising; Gurden Edwards, pub
licity director of the A. B. A., Pub
licity and the Misfit Customer Prob
lem."
The convention headquarters are
to be the Willard Hotel. The ses.
sions will open at $50 and continue
until noon, adjourn fer luncheon, open
again at and continue until o'clock.
w. r. Morehouse, president of the
Savings Bank division of the A. B.
A., will preside at all sessions and will
also speak. He comes here specially
for the occasion from his home in
San Francisco.
Local Stocks Lively and Strong.
Washington Gas Light stock again
gripped attention on the local board
today when 104 shares changed hands.
There were seven different transac-
tions during the session, the price
being 1874 and 1885, the latter the
closing figure.
Capital Traction was the market
leader with sales at 106 of 120 shares.
A large number of other stocks ap-
peared on the board. Peoples Drug
Stores climbed to 109, 10 shares of
National Savings Trust sold at 511,
Mergenthaler registered 108k, Lans-
ton 80. and Potomac Electric Power
preferred, 109.
sold at los, Railway & Electric As at
85A and 85h. Barber & Ross 61as
came out at So. Other issues main
tanned their recent levels.
Bond Issue Oversubscribed.
1t is announced at the local Office
of Edward B. Smith & Co. that the
Robert Gair Co. $5,000,000 first
mortgage 5h per cent gold bonds has
been oversubscribed. This issue was
brought out yesterday by syndicate.
the bonds being priced at 971a and
interest, to yield 5.75 per cent. The
company is a very large manufacturer
of paper box board. The bonds are
due April /, 1912, and are redeemable
at 105 and interest at any time after
April l. 1882.
B. & O. Certificates Offered.
A new issue of $9,750, 900 Baltimore
& Ohio Railroad Co. Az per cent
equipment trust certificates, series E,
was offered today by syndicate
headed by the Bankers Trust Co., and
including Brown Brothers G. Co.,
Kissel, Kinnicutt & Co., Evans, Still
man & Co., and Harrison, Smith & Co.
The certificates mature in equal
annual installments of $750,000 from
April /. 1880, to April l, 1912, in
elusive, are priced from 99.72 to 9S.93,
according to maturity, and yield 4.60
per cent.
Bond Redemption Plans Made.
President William +. Ham an
nounced today that the Potomac Elec-
trio Power Co. had arranged with the
National City Bank of New York,
trustee for it's general and refunding
bonds, that the>7 per cent bonds call
ed for redemption on April /, 1927.
may be redeemed either at the Ma.
tional City Bank in New York or at
the American Security and Trust Co
in this city.
This has been done for the conven,
fence of holders of these bonds locally,
who will, in this way, be saved the
trouble and expense of forwarding
their bonds to New York for redemp-