Evening star., 1928-05-10
THREE new HIGHS
ON EXCHANGE HERE
Trading Is Active and Prices
Strong--Bank Dinner
Guests Named.
ny EDWARD c. STONE.


tered by Ianston Monotype, People
Drug Stores preferred and Sanitar
Grocery preferred. There was extr
heavy trading in Capital Traction AN
in Columbia Sand a. Gravel preferred
Lanston opened at ll6la, climbed .
III and closed at llTta, point an
a half gain over yesterdays last sale
Only % shares changed HANDS. REQ
rles DRUG opened with lo0-share Sal
At iIS and then advanced to llSie
Sanitary Grocery preferred figured II
one i0-share sale at 1909.
Canital Traction opened at i07'Y AM
closed at i0Sis on transfers OF
shares Columbia Sand & Gravel pre-
ferred opened at oSa4. Later II droppe'
to aS. where ISS shares we're SOLO II
eight different transactions
Riggs Bank stock again sold at S2
and Federal American at 33S. WASH
inSton Gas moved at SS; MergantnaIe
at 1elss and Potomac Electric Powe
81, per cent preferred at i0Sss. Tn
first sale in Bank of Bethesda stock II
many months took place at rs, l!
point lump over the last transaction.
There were several other small 10
transactions. Bonds we're also duft'
active at the recent Arm prices. Aftel
the regular trading session the boart
of governors met and voted to close TIT
exchange every Saturday until mex
Fall. This action so far as the remainder
Of the present month Is concerned. wa:
taken because of the frequent closing
of the New York Stock Exchange.
Bank Dinner Guests Announced.
The special guests invited TO attend
the District Bankers Association pre-
convention dinner next Monday eve.
ming at the Columbia Country Cluk
were announced today by Lawrence A
Slaughter and c. A. Pope. the com.
nnittee. They include j. r. McCari
controller general of the United States,
Joseph w. Mcintosh. controller of thu
currency: william r. Folger, chief ma
tional bank examiner. E. e. Mountioy
American Bankers Association: /. A
Fleming, Frank ]. Hogan. Arthur b
Shelton. John c. Walker. e, Wiley
Stearns. deputy controller of the cur
rency: r. O. Await. deputy controller
of the currency: John w. Pole, alst
connected with the controllers once.
r w. Patterson, Richard Hatton aiie
z. c. Stone.
AT the rate reservations were coming
in today Mr. Slaughter predicted ar
attendance OF about 200 bankers. Scores
will go out early in the afternoon and
play golf until dinner time approaches
The affair is TO be wholly informal
with no set speeches.
Lively A. I. B. Election Predicted.
James A. Soper will be elected presi'
dent August e. Henze, first vice presi'
dent. and Miss Lois A. White. secretary
of washington Chapter. American ifisfi'
taite of Banking, at tonights election
For the other ofices. however. there arr
more than ore candidate and the elec'
ton follows some lively campaigning
Aubrey o. Dooley and Frank M. Per-
lev are out for second vice president
.Iohr AZ. peMarco and Robert II. Lacey
for treasurer: L. n. Phillips and Mis-
Rose L. Royce. assistant secretary
Richard A. Norris and Edwin G. stene
chief consul.
Foa,r members of the board Of gov
ernors are TO be elected from list IN
Guiding Harold w. Burnside, i. II. Cox
Henry r. Kinibail, Gathering M. Krieg
Oswald Lehman, Eugene =. MARKS
George Fl Morris, Stuart >. OGilvle. MA
bel v Royce. william 9. WfnsOeau sns
4 Foberts VINO soon concludes hi
duties as president, has given vas
srnoHnt of time 70 the institute and
made 4 brilliant record for himself and
his associates.
potsmae Bank kears Anniversary.
The Potomac Savings Bank, Of which
Henry w. OfFutt Is president. Is soon u
ceiehrase tts twerlkF4fIfth anniversary
sYT1e officers and directors are looking
forward with more than usual interest
10 ttsis event. This bank has played ar
important part In the development oi
the Georgetown section Of Washington
End the officers are naturally proud d
this fact.
MaeKenxfe Joins Murphy q CO.
Roland NacKenzie started In today te
lyilId q record in the financial world
nsrirsa Sniraed the stan Of q. NJ. r
Mt1r9s1v Il Co. In one of their Wash.
tn1ton offsces. according 70 announce
rnenf by Oscar Cooliean. manager 81
sk1e New YoT& Stock Exchange nTin's
local brokerage houses. While Dir. Mac
Kenzie is very widely known aA fns
holder OF many golf records, his athletie
rrowees faEs nothing TO do with his en-
try into fis1arsce He already has unei1s
friends IN the financial district.
Auditors Arrange May Meeting.
The District Of Columbia Conferenc.
~ Bark Au0st0Ys and Controllers vii
have q meeting tonight at the UniyeF.
s4tv Club, according 70 announcement
bv J. Damn Faber, the president. Fol
lowiux dinner. which viii commence ~
s 30. the bankers VIII discuss seyera
important features OF bank accounting
methods of operating savings depart
raents 10 be given special attention.
Convention Plans Omtiinea.
Al the luncheon of the wonanis e0FTi.
nsit4ee at the willard yesterday noon
d. charge Of Mrs. w. w. Gpaid. IN
2eueral convention chairman, =. j. Nc
9t1sde. outlined the plans for the com
srsr session at M0Ftauk Beach. 70 fal
ss they have been completed. Tn,
wounen had delightful gathering ant
are planning seveFai important add
4sonx 10 the present program.
Railroad Makes Novel, Test.
Reductions I'm round Trip pzssenge
fares IN Determine whether Traveller
resIis prefer bus 10 train travel, or ~
t5gsg1g d because Of clleapneEs," ilaw
been announced by the Norfolk South
eFu Railroad Co
Present bus anea antefseet our rOsit
sH the vsy oet@eeu EoFfoik and Eden
ton ard afp& will furnish as With ad
E4lrahae material for study, said j Z
Dalt0g1 general passenger agent.
Tfae reductions win make k01nG~tr
fares Almost a& cheap al present 0tik
way tickets. bit viii not apply 70 one
way tKagei The railroad seeks ~ re
cover some Of the ~ 70 80 peEcen
~ passenger Naf1e lost 10 bus hrf
sasMA the hard suFfzeing of road
through the epFnpsg1yiE territory.
T1ae experiment viii be conducted bw
wesks. and IL the sehs1AJie works ep
satisfactorily toe reductions Efll he eoD
GsDsle6s