Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-07-18

ston Co.
Meetings committee: Y. E. Booker.
! chairman, Y. E. Booker a. Co.: Frank
| P Morse, J. w. Seligman; w B. Van
Devanter. Guaranty Co. OF New York.
Publicity committee; Carroll Nor
! gan, chairman. G. Mp Murphy &
CO.; T. w. Brahany, Crane, Paris e.
Co. L. M. Proctor, Alexander Brown
/ e. Sons.
/ Mr.. Wales also announced that the
/ following men have been elected to &C.
! tive membership in the Bond Club:
! Howard Sutherland. Hambleton e.
I Co: Clark Brown and Richard Dunn.
/ Harris Forbes & Co.: Phillip Pepper.
! Eastman. Dillon e. Co: Munford Ellis
, and Myles H. Quail. Y. E. Booker e.
! Co; r. 3. Hoeber. c. F. Crowder and
/ Donald McKnew, Southern Securities
! Co.
| w w. Spaid of w. 3. Hibbs & Co.
and Alfred Tyler of Hambleton g. Co
/ were elected associate members.
Convention Preference Requested.
Letters signed by Secretary E. j. Nc
| Quade of the District Bankers Associa-
ton have been sent to those who at
| tended the last annual convention, ask
| ing them to express their choice of a
meeting place for next years gather
ing. The action is being taken so early
because it is necessary to make tenta-
tive arrangements with the hotel most
favored far in advance of the date OF
the convention.
The three places the members are
asked TO vote on are the Greebriar
Hotel at White Sulphur Springs, w. Va:
the HolnStead at Hot Springs, Va. and
Montauk Manor. Montauk Beach, Long
Island, n. Y. Other places have been
mentioned. but these are the outstand-
ing resorts now being given the most
consideration.
Members are asked to indicate on a
postal card where they would most like
to go next June and send it to bankers
headquarters. The cooperation of
those who have attended the last four
or five conventions is most desired The
last convention was held at Montauk
Manor. the next to last at Hot Springs
and 1t has been several years since the
association visited White Sulphur. II
any one wishes to return to Deer Park
he will so state his views, with detailed
. reasons.
Addison Choice Pieases Bankers.
In the reappointment of Francis @.
Addison, jr., as chairman of the COM
mittee on law and legislation, President
Robert v. Fleming of the District Bank
ers' Association made a selection highly
gratifying to the entire membership. He
served as head of the same committee
last year and helped steer some most
important local legislation onto the stat
utn books.
In presenting pleas for needed legisla-
ton before congressional committees,
Mr.. Ac son has been SO clear. straight
forward and convincing In his manner
that he has nearly always carried his
points. No doubt the head of the as
ISOLATION fully realized that his con-
facts on the Hill were far too valuable
to the banking fraternity to he allowed
10 lapse.
A former president of the association.
Mr.. Addison has also served on many
other important committees. He Is
vice president of the Security Savings
g. Commercial Bank.
Retail Food Prices Lower.
The Department of Labor announces
that retail food prices, taken as a whole,
declined nearly per cent from May
Is TO June IS During the IL months
up TO June Is they decreased 334 per
cent. although they have increased So
Per cent since June Is. 1918.
| The figures from May TO June show
] that the price of cabbage fell 80 per
cent, but strictly fresh eggs scrambled
upward per cent. Onions also ad-
/ vanced per cent during the month.
The average cost of food In Washing
/ ton advanced per cent during the four
/ weeks, the report states.
Local Securities Remain Firm.
| Prices on the Washington Stock Ex-
/ change were steady today at recent
levels. Gas sold at e6lz, Lanston at
/ liz. Peoples Drug Stores at 1903, Sand
/ IL Gravel preferred at 94i2 and o..
/ Mergenthaler at 100ss and Chestnut
| Farms Dairy preferred at I04.
Two bank stocks appeared on the
board, 10 shares OF Second National
/ selling at 30 and 90 of Merchants
Bank g. Trust Co. changing hands Al
i57i2 Washington Gas IS led the bond
market on $4,000 turnover at los, A
! $1,000 Gas A cold at i04 and 81 600
Railway Il Electric at 92%.
Wimsett Officers Elected.
At meeting Of the board of direc-
tors OF the Washington Wimsett Co.
James A. Councillor was elected chair
man Of the board. George B Furman
vice president, and William \. Yaeaer
director
4 wistar Balderston reported to the
directors that more than 100 applica
tons for loans were received on the
day the new company opened for busi-
ness The firm is now receiving about
so applications a day. which is the
best record made by any new once In
the national system.
Heard In Financial District.
Frank Owings. cashier Of the Bank
Of Commerce ~ Savings. leaves here
Saturday on three-week vacation.
He VIII take trip 10 Jacksonville. Fla.
by boat.
Carroll Morgan and John r. Parker
went TO Richmond this afternoon for a
short visit at the ONCE Of @. M r,
Murphy IL Co, in the Virginia capital,
Joseph Sanders, vice president OF the
Bank Of Commerce ~ Savings. sails in
a few days for a tour OF England, Ger
many and France.
Clarence r. Norment, chairman Of the
board Of the National Bank OF Wash
ington, is passing his vacation at The
Chamberlin- Vanderbilt at Old Point
Comfort, Va.
Leaves Washington Bureau.
Henry r. Sargent, who has many
friends In Washlngton's financial dis
trict, has been appointed associate cdi-
tor Of the American Bankers Assecia-
ton Journal, a position vacant since
the transfer Of Reuben A. Lewis TO tho
trust company division.
MFR. Sargent has for years worked In
the financial news field al the National
Capital. He was educated at Princeton
University and the Law School OF the
University Of Virginia.
+ His experience includes three years
with the New York Journal Of Com.
meree-~two As chief Of It's Washington
bureau He has JUS, resigned from thu
WASHINGTON htlreail of the Wsn street