Evening star., 1928-10-19

Trust changing Harvard Moran
hands at sos. Fifty
shares of Chestnu Farms commo
again sold at the new high of $50.
The opening sale in the bond marke
was a $1,000 Chamberlin- -Vanderbii
6l2 per cent bond of the issue listed o.
the exchange two days ago. This wa
the first sale. the bids being backed b.
the Chamberlin- Vanderbilt Hotel prop
erty at Old Point Comfort, Va.
Sales totaling $21. 1000 we're made il
Capital Traction SIS. the bonds opening
at 101 and advancing to 10112 durin,
the session.
Woman Bankers Visit Capital
Among the post-A B. A. convention
visitors to Washington we're Miss Nor;
Kirch. manager. woman's department
of the Louisville Trust Co. and Mis-
Grace S. Stoermer, director, women
banking department Bank of Italy, Lo
Angeles. who called on Mrs, Helena D
Reed, manager of the personal servic'
department, at the Lincoln Nationa
Bank
Both had attended the sessions of tn,
American Bankers Association as dele
gates from their respective institution
and are active in the Association o
Bank Women. which meets each yea
simultaneously with the Bankers AS
sociation.
Miss Kirch devotes herself to advising
on trust matters and to the develop
ment of trust business among women
Miss Stoermer is in charge of a coin
plete banking department for women
established five years ago. She has
| staff of % woman tellerS, with deposit!
! in excess of So, 900 900.
Banker Celebrates Birthday.
Two enormous floral gifts on the desl
of Edward j. Stellwagen, president o
the Union Trust Co., gave away the fac
| that yesterday was his birthday. Dur
| ing the past two days he has beer
showered with congratulations. 1t ha
| been one of the most eventful years il
his banking career, since the handsom'
addition, more than doubling the size o
the bank, has been completed and plac
| ed in service.
Mr.. Stellwagen has been head of tn,
! trust company since 1900. He is di
rector in the Capitol Traction Co
Washington Gas Light Co.. Raleigl
Hotel Co., and the Capital Park Hote
! Corporation. An extremely active busi
ness man all his life, his latest birthda
/ 1hANAo AtnAA SOlAA Al CPACAAbAA
Insurance Men to Meet Here.
Local insurance men are looking for
| ward to the convention of the Nationa
Life Underwriters Association, whicl
| will meet in Washington next Septem
Der, the recent Detroit convention hav
ing selected the National Capital as tn
next meeting place. The meeting vii
| bring insurance leaders here from al
/ parts of the country. There will b
1000 or more agents at the convention
National Life Insurance day has beer
| scheduled for Saturday, January le
/ 1929. according to an announcement
made by Adolph Lewisohn, chairman o
the national thrift committee of tn
| Y. M. C. A.
Life Insurance day follows Nationa
Thrift day and National Budget day
1 Following Life Insurance day will com
National Share -with-others day, Ma
tional Safe Investment day.
Assumes New Committee Work.
Howard Moran. vice president of the
! American Security Trust Co., has as.
sumed his new duties as chairman o!
the protective committee of the Dis.
trict Bankers Association, to which he
w 90 dpHOAltCo d lCN udyS dkU. I1S is z
former president of the association, ha.
! held all the other important offices anc
has served on many committees, al
present being a member of the com.
mittee on taxation.
Trade Activity on Increase.
Industrial and trade activity through
September, as reviewed by the Fedora
| Pocprun pnorHtc I.,,Il
| financial conditions at home and abroad
showed increasing activity, with an ex.
| pansion of banking credit refiectine
seasonal demands. Firm money rates
a greater volume of bank loans than q
year ago and stiffening wholesale com.
modify prices were items the bulletin
mentioned.
| Accident Shocks Financiers,
Local financiers were shocked to learr
of the airplane accident at Atlantic
City in which w. o. Chanuts lost hi.
life. He was attending the Investmen
Bankers convention and was planning
to come to Washington last night to Sc,
his daughter, who has been in schoo
here.
Thomas M. Dysart of st. Louis. VIII
was badly injured, was president of tn
Investment Bankers Association tn
year the convention was held here
Pliny Jewell of Boston is also a forn1e
president. The other persons injure
were also well known in this city.
Heard in Financial District.
Edward L. Hillyer, vice president O
the Union Trust Co., and vice presi
1ent of the Washington Stock Exchange
is very seriously i'll at his home
Washington Chapter, A. 1. B., nov
has an enrolment of 400 students 70
the first semester. This is the best at
tendance ever recorded.
The annual Halloween party give
by the women's committee, Washingto
Chapter, A. I. B., will be held thi
year at the Beaver Dam Country Clu
on the evening of October 81. A mum
Der of new features will be Introduce
1t Is expected that over 400 of tn
younger bank employees will be presen
NEW YORK PRODUCE MARKET
NEW YORK, October 10 (SpeciaD :