Evening star., 1928-02-20
STRONG
ON LOCAL CHANGE
Bonds Lead the Trading.
Washington Gas Issues
Are Active.
BY EDWARD C. STONE.

Bonds led trading on the washington
1 Stock Exchange today, when local Sc
curities opened the week strong.
The market opened with Washington
Gas SIS selling at l06. Gas Is. series E
changed hands at l09 and the series !
bonds moved at 1861. There were fly
transactions in these issues on a sub
stantial turnover Washington Ra:lwa
e. Electric general 6s sold at 104ls an
the same corporations 4s came out a
94i4.
Capital Traction stock was again u
to lis and Railway s. Electric prefer
red sold at 103. Barber s, Ross com
mon moved at 80, Sand s. Gravel pre-
ferred at l05a4. while Mergenthale
Linotype opened with a 10-share sal
| at 1868, followed by 80 shares NOR
changing hands at 1861.
The Potomac Electric Power stocks
Washington Railway g. Electric com
| mon and preferred. Lanston Monotyp'
and Sanitary Grocery preferred nov
are being quoted eX-dividend.
Bankers Laud Institute Banquet.
The annual banquet of Washington
Chapter. A. I. B.. was the talk O
the financial district today. The "A
I. B. Musical Review" had clever
talent. The young people had put ir
a vast amount of time in rehearsal:
and every song was hit. In the in
troductory songs to the various othel
numbers Thomas r. Brahany hae
cleverly worked in the name of every
past president of the organization.
+ot or< ~, f1,a VI
Gus musical skits included Miss NJ
Leona Anthony. William A. Cady. vii.
lard Highly. Jack Hurdle, H. F. Kimball
Harold S. King. Ruth G. Pomeroy
Margaret Y. Krieg. Homer Shants, A
w. Sherman, Mrs. A. D. Shipman
Hilda Shomo. E. C. Steffe. Anne M
Uppercue. Dorathea Wassmann. Dora
thea Welsh and Lois A. White.
The printed program called attention
to the fact that local chapter grad.
uates are presidents of banks, 10 arc
vice presidents. cashiers. % assistant
cashiers or assistant treasurers and %
more hold other official positions.
First Visit of Pete" Williams.
It was the first visit of P. r. William,
of Los Angeles. the national president
to the local chapter. Richard w. Hill
another national officer, was also pres.
ent. Among others at the head table
were F. G. Addison. jr.. chairman oi
the reception committee: Charles j
Bell. NJ. S. Billmire. Raymond B
Dickey. F. j. Donohue. w. H. Dunlap
E. ], MeQuade and Eliot H. Thomson
all Of the institute faculty.
Others were Robert " Fleming,
Charles II. Doing. Commissioner P. l.
nn,roHnr<x- r,,f,
finckel. Charles E. Howe. Chief Justice
Mccoy. L. P. McLach,en, Rev. J. Shera
Montgomery. Howard Moran, Maurice
Otterhack. J. B. Reynolds. John NJ.
Riordon. James A. Soper, William Nick.
Stowell, Merle Thorpe and Rey A.
Young. head Of the Federal Reserve
Board
There were bank presidents in every
corner of the big hall and Toastmaster
Hogan kept the gathering enlivened by
his introductions.
Novel Suggestion Gains Favor.
Bankers said today that several per-
sonnel officers would probably adopt the
,dea advanced by w. w. Spaid relative
TO The selection of bank employees In
his speech he suggested that the ques-
tons usually asked lady applicants for
positions be abandoned and that, in
stead of this method. the bankers hold
the girls hands and make scientific
study of the palms. The lines will re-
veal their aptness for banking.
In his brief remarks Harry v. Haynes
called attention to the large number Of
former Institute students who have
made brilliant success Of banking in
other places. many Of whom were back
here for the han0iiet
One of the biggest hits Of the evening
was a song written by Mr.. Brahany
and sung by Jack Bowie. dedicated to
Mr.. Hogan and calling attention to the
immense fees which the singer an
nounced came to the toastmaster from
the Doheny oil trial. At its conclusion.
Mr.. Hogan said he was delighted that
the song had been sung as 1t would
MAKE his credit solid with all the local
banks.
President Roberts and Chairman
Leith were showered with congratula-
tons. Mr.. Leith also was presented a
watch and chain In recognition OF sew
eral years Of work for the local chap
ter.
New Liberty Bank Director.
President George o. Watson OF the
Liberty National Bank announces that
James M. Johnston of the firm OF Iry-
ing 6s Johnston. Washington repre-
SentativeS Of Spencer Trask g. Co, New
York investment bankers, has beer
elected director In the local institu.
| ton.
Local boardroomS were crowded TO the
doors again today when the New York
Stock Exchange opened for the weeks
trading: The vital question. Of course
was whether last weeks tumble In
| prices would continue.
The local financial district will be
| closed up tight on Wednesday, Wash.
| ington's birthday. On this holiday The
| banks Will join the brokerage houses In
| It's observance. The bankers wcekl,
| luncheon at the Willard has been moved
forward and will take place tomorrow
The council OF administration O! thu
District Bankers Association vii
| met this afternoon a. HEADQUARTERS
One OF the most important matter,
which VIII be discussed relates 10 Tn,
place OF holding the next convention
ANOTHER matter that is pending has b
90 with the proposed formation OF ,
credit bureau.
| For the fourth successive week tn
| index OF wholesale prices Of all commodi
Ties declined. according TO the record
Kept ny the Eationa! Fertilizer Associ
atom for 40 commodities. The decIln
Tor the week ending February IL Wa
one-flfth of per cent.