Evening star., 1928-12-06

1925 on the hotel committee, in 1925
on the council and on hte sports com
mittee, in 1927 chairman of the sport.
committee and in 1928 member of the
council and chairman of the hotel com.
mittee.
The new chairman is one of the city,
most active bankers. having been vict
president of the trust company fol
several years and connected with the
Munsey interests throughout his busi.
ness career. He will name his COM
plete convention committees within a
short time. While the convention does
not take place until June. there are
countless details to be arranged long
time in advance.
The council Of administration will
probably select one of three places. The
bankers have been invited to return tc
Montauk Beach, Long Island, again
The Homestead at Hot Springs is being
Briar Hotel at White Sulphur is also ir
a receptive mood.
Fiduciary Section to Be Formed.
Plans are in readiness for the forma-
ton tomorrow at bankers headquarters
of the new fiduciary section of the Dis
trict Bankers Association. Twenty
three have shown special interest ir
this move and have named the follow
ing representatives to represent them
American Security & Trust Co., Davic
NJ Houston, Stanley T. Holland, j. Eliot
Moran and F. p H. Siddons; Anacostia
Bank, Maurice Otterback, w. l.. Koontz
and Albert v. Pohl: Columbia National
Arthur N. Mitchell; Commercial Ma
tional, James H. Baden and Aubrey o
Dooley; Continental Trust. Norman
Fischer and John H. Moore; District
National, B. L. Cotton: Federal -Ameri-
can National, John Poole, Charles D
Boyer and Erskine Gordon; Franklin
National, Samuel M. Thrift and Joseph
G. Stephenson; International Exchange
Fernando Cuniberti and F. j. Kauf-
mann, jr.; Liberty National, Thomas P
Littlepage and Edward j. McQuade.
Lincoln National, j. Frank Rice
Merchants Bank g. Trust Co., B. Ash
by Leavell; Mount Vernon Savings
Bank, Robert T. Highfield Munsey
Trust Co., c. H. Pope. G. D. Ratclifft
and A. j. Byrne; National Bank Of
Washington, Edmund H. Graham anc
John F. Hillyard: National Metropoli.
Faust, Roger P. HollingSworth and G
Bruce Baird and David Bornet; North
east Savings, W. Reginald Lewis; Rigg!
National, william j. Flather, George
M Mckee, Kenneth F. Brooks ane
Milton E. Allies, jr.
Second National, Victor 3. Deyber
Alexander Wolf, Jacob Scharf and w
w. NARROW; Security Savings & Com.
mercial, Francis G. Addison, jr. Union
Trust, George E. Fleming, Edward l.
Hillyer, Irving Zirpel and William S
Lyons; Washington Loan g. Trust
william H. Baden, Leonard Marbury
Charles M. Irelan and Harry w. Gauss
Heavy Trading on Exchange Here.
Trading was heavy on the Washington
Stock Exchange today in many different
issues. Washington Gas Light stock,
which was the sensation of yesterdays
session, was less active today, although
II shares changed hands. The stock
opened at 1912, up a fourth from yes
terday'S close. Sixty shares then sold
at 102 and the final sale included seven
shares at 101A. The drop in the stock
from 106 to l01 has caused much dis
cusSion among market observers, but the
various explanations appear to be most
ly guesses.
Capital Traction was strong today
selling at 1071a. Potomac Electric
Power preferred again commanded 112
and the S per cent issue 1882. Wash
ington Railway g. Electric preferred
moved at 99%.
In the miscellaneous list Chestnut
Farms Dairy preferred sold at lot and
1868. Firemen's Insurance moved al
38 and Columbia Sand & Gravel
Y1rofnrrnH cnfd of 0C1E
preferred changed hands at 129.
Riggs Bank warrants sold at 3O5
and 800 today. District National regis
tered 240. Mergenthaler opened al
105H and closed at 1O5ss. Capital
Traction bonds sold at 1903. Potomac
Electric Power IS sold at l08 and the
closing sale was a $1,000 transfer ir
Washington Gas SIS at 1882.
Wide Interest in Opening Forum.
Members of Washington Chapter
American Institute of Banking, are
showing keen interest in the first forum
dinner-diScussion meeting of the season
which takes place next Wednesday al
pm. at the Raleigh DR.. Stephen I
Miller, executive manager of the Ma.
tlonal Association of Credit Men, will
discuss ''The Factor of Credit in Amer.
ican Business" Mr.. Miller is a brilliant
speaker and always has somethine
worth saying. The committee is com.
posed of I. j. Roberts, chairman; H
w. Burnside, F. H. Cox, Esther r. La,
and T. Hunton Leith. Reservations
sent to Mr.. Cox indicate record at.
tendance.
Morris Plan Bankers to Meet.
The Winter meeting of the Atlantic
States Association of Morris Plan Bank
and Companies will be held in New Yorl
Friday. Membership in the association
| covers the banks in New York State
Delaware, Washington, Maryland ant
Pennsylvania. The president is Jane
McHenry of Baltimore, who has in
cluded in the program such subjects a.
| financing time sales; competition, ant
building up volume through accoun
analysis. Bertram Chesterman, presi
dent of the Washington Morris Plal
| Bank, will attend the session.
The Keith-Albee- -Orpheum Corpora
| ton has declared the regular quarterl
dividend of SITS on the preferred, pay
able January to stock of record De
cember 19.