Evening star., 1927-05-06
CONVENTION LIST
MAY EXCEED 500
Reservation Figures Point to
Attendance Topping Goal
Set by Committee.
BY EDWARD G. STONE.

BY EDWARD G. STONE.
Chairman Lanier r. McLachlen of
the general committee in charge of
the annual convention of the District
Bankers Association to be held at Hot
Springs, Va. June 8 to u, reported
today that requests for reservations
have come in so rapidly to John NJ.
Riordan, chairman of the transporta-
ton committee, that indications now
point to an attendance of more than
800. When Mr.. McLachlen was
placed at the head of the committee
he set 300 as this years goal.
The committee states that those
planning to attend the meeting should
send in their reservation requests
without delay as the best reservations
are being reserved for the first
comers. More outside bankers have
asked to join the party than usual,
several New York, Baltimore and
Richmond financiers having eX-
pressed the desire to be present. AS
the New York bankers will be in
Washington for the first half of the
week attending their own annual con-
vention, it will be simple matter for
them to Journey on to Hot Springs.
Chairman McLachlen reports that
all committees are making most eX-
tensive plans. The program as al
ready announced is considered un-
usually good. The sports program is
to begin on the first afternoon this
wear. The ladies' committee has
plans almost perfected and will have
a meeting next Tuesday to complete
final arrangements.
Other Convention Plans.
The program for the one-day con
III a Arrc4sN IN
ton of the Federal Reserve Bank of
Richmond was announced today by
Secretary George Fl. Keesee. The
program includes reports from the
officers Of the association and also re-
ports from the officers of the Fed
eral Reserve Bank.
There will be q discussion OF con-
troversal points in the new McFad-
den banking law, led by Maxwell G.
Wallace 1t is expected that III. II.
Mckee of this city will be present
and speak on this same subject.
The annual meeting takes place
Friday, May 13. One of the social
features will be a luncheon at noon
Victor B. Deyber of this city. who is
chairman of the advisory committee,
will give a breakfast to the other
members on Friday morning shortly
DGIOfP Ln6 DuSlueSS SGoSloI CpCi'9'
T.anston Board Cut to Nine.
Before adjournment yesterday the
Lanston Monotype Machine Co. direc-
tors named these officers for the COM
ing year:
J. Thilman Hendrick, chairman of
the board: Harvey ID. Best, president;
r. Frank Morgan, vice president;
John A. Ferguson, secretary: Alylen
r. Freetz, assistant secretary; Joel G.
Clemmer, treasurer, and Harvey w.
Monks, assistant treasurer.
The directors are Harvey d. Best,
Royal T. McKenna, ]. Thilman Hen
drick. George w. White. Halliburton
Fales. M. c. Branch, w. Usher Par
sons, Adrian II. Larkin and Karl w.
Corby.
The board was reduced from IL to
9 members. Mr.. Clemmer asked to
be relieved of the duties as director
and there was one death during the
year. the two vacancies being left un-
filled.
Peoples Drug Sales Increase.
Sales of Peoples Drug Stores, Inc.
for April amounted to 1851, ,263, COM
pared with $460,85 during the same
month of last year; an increase of
$190,410, or 41.32 per cent. Sales for
the first four months of this year
amounted to S2.459,260. compared
with $1,777, $50 during the correspond.
ing period of 1926; an increase of
S681 900, or 1887 per cent.
April sales of S. S. Kresge Co. We're
S10,7S7.540. against $8,590.9S5 in April
last year, bringing the total for the
four months of 1927 to $50, ,317.
against S32 ,010,1 in the same period
of 1926.
April sales of F. w. Woolworth Co.
rose to S22 $50, 1872, a record for that
month, compared with $18,967.036 in
April last year, while the total for
the first four months of 1927 mounted
to SIS, ,444 GAG, also record for that
period and a gain Of S7,528.975 over
the first four months of 1926. Eng
lish business also made a record for
April. President Parson said each of
the companys 13 districts, represent
ing every State and Canada, showed
a gain for the first four months eX-
cept Florida.
Capital Traction Sells at 105.
Capital Traction was the leader on
the Washington Stock Exchange to-
day, the stock opening at 104A on a
50-share turnover and advancing to
105 on a sale of 100 shares.
Lanston Monotype came next in in
terest, opening at 81 on q 2S-share
turnover and closing at 971a on
transfer of % shares. Potomac Elec-
trio Power preferred came out at
109% and Railway & Electric pre-
ferred sold at 92H. Two shares of
Riggs National sold at 40
Merchants Transfer & Storage sold
at 10O12 and Washington Gas Light
appeared on the board at 74ls. FIVE
shares Of Federal-American Co. com
mon sold at 33&. Continental Trust
stock, which registered a 6-point Jump
yesterday to ia, was not out today.
Bonds were firm and quiet, one sale
in Wardman Park Hotel 512s taking
place at 971a and a $4,000 transaction
in City & Suburban 5s being recorded
at 947s.
Other Financial Notes.
The council meeting of the Amer
lean Bankers Association adjourned
late yesterday, and the Washington
delegates are expected home tomor-
row or Sunday, with exception of
John b. Larner, who has gone on to
California.
All papers In connection with the
essay contest conducted by the Dis
trict Bankers Association must he
received at the headquarters, 1913 +
street, not later than Monday.
GERMAN R0NnS AMI STOCKS