Evening star., 1928-03-26
D. c. MEN TO SPEAK
At BANK MEETING
John Poole. E. H. Thomson
and r. p. n. SiddonS Slated
for Richmond Talks.
BY EDWARD c. STONE.

| are TO address the Southern RegiOna
Savings Conference which takes plac,
at the jefferson Hotel in Richmond o,
| Thursday and Friday. April S and
John Poole, president OF the Federal
| American National Bank: Eliot II
Thomson of the Washington Loan &
| Trust Co and chairman OF the adver
| tiSing committee OF the District Bank
erS' Association. and Frederick p. II
| SiddonS. secretary OF the American
| Security 81 Trust Co. are among thu
speakers listed on the program. Th'
subjects so far selected for discussion
| include:
Need OF Uniform Methods of PayinE
and Figuring Interest"
rs Interest Paid on Special Saving:
Clubs Justiaed?"
| Small Loan Departments"
should Savings Deposits be Segre'
gated and Put Under Special Regula'
| tions as to Investment"
| "DiverSification Of Investments FOL
| Savings Deposits"
rs 1t wise to Urge Depositors tc
Invest in Securities offered by th'
| Bank"
Necessary Safeguards in Making
Mortgage Loans"
Can Banks Meet Building and Loan
Association Competition in Making
Mortgage LoanS?"
How Far Should the Bank Go In
Rendering Individual Service?"
How 10 Plan Your Savings Adver-
Using" -.,-,.
"Co-operatiye Educational Advertising
for Thrift Accounts"
Value and Need Of Systematic Saw
ing"
tnEs Accounts"
focal bankers who have seen the
subjects selected say that an unusually
interesting conference is assured. The
annual banquet vii be held on the
evening of April 5. Following the
banquet there will be dancing, the an
nouncement stating that hundreds OF
Richmonds charming bank girls Will
be on hand to add TO the pleasure OF
this part Of the evening" At the con-
clusion Of the second days program,
there will be a tour OF the battleneldS.
An effort is being made TO get as many
Of the bankers as possible 10 remain
in Richmond Saturday and Sunday.
guest cards being available for the
various golf links.
The Southern regional area takes in
IL States and the District OF Columbia
Judging by the interest already mani
tested. washington will send a large
delegation.
Gas Stock Opens Week at 80.
washington Gas stock opened the
week on the Washington Stock Ex-
change at 90. on a turnover OF 30
shares. Washington Railway g. Elec-
trio preferred sold at l03l4 for seven
shares. Potomac Electric Power So
per cent preferred again sold at l07fs
in light trading
A i0-share lot OF Columbia Sand &
Gravel preferred was lower today. SELL
ing ex-dividend at l0l94. Lanston
Monotype moved at 108a4 and i0Sl2.
and 10 shares of Sanitary Grocery pre-
ferred brought 107l2. Union Trust was
the only bank stock out, selling at
3I4i2
In the bond division Washington Gas
SIS. series B. sold at a l07i2 for $500
bond and lower for a baby bond. There
are now i3 issues on the local board
being quoted ex-dividend.
North American Earnings Up.
The annual report Of the North Amer
ican Co, which has large holdings in
the Washington Railway e. Electric Co,
shows a net income in 1927 Of $l9,254,-
SAT. equivalent to S4.06 per share on
the average number OF shares OF COM
mon stock outstanding. The income
for 1925 was Sl7,563, ,507. or 1896 per
share. The common stock was increased
in 1927 TO 4.5i4.S63 shares OF no par
value from 4.09l 1922 shares OF $40 par
value in 1925.
The president. Frank L. Dame, re-
ported that nearly a million customers
are now served by the electric service
alone. The balance sheet as OF Decem-
Der 81. 1927. shows net working assets
Of s2i. .25e, ,344 have increased IS 1853 ,245
during the year. Assets and liabilities
now total S727. 100 1876, against s68l.-
845.43s in 1926 Current liabilities Of
sf2 .o39 696 contrast with $i2,359,l5 in
the previous year.
Washington Man Vice President.
H T. Connolly OF the Washington
Baltimore & Annapolis Railway was
elected president OF the Maryland Pub
lie Utilities Association at the annual
meeting in Baltimore Saturday. Other
officers elected are H. A. Brooks OF the
| Potomac Electric Power Co, Washing
| ton, vice president. r. f. Towne Of the
| Potomac Edison Power Co treasurer
| and David Kinnear Of the United Rail
ways OF Baltimore, secretary.
Whole8ale Prices Decline.
| Wholesale prices declined one-tentf
| of per cent during the week ended
/ March "a, according 10 the index com.
/ piled here today by the National Fer
/ tilizer Association. The slight decline
was due largely 10 lumber eggs. beei
| and pork. A large number Of advances
/ occurred In the entire index. and soms
1 "a q
/ tiOns The largest advances occurred
In fats textiles, miscellaneous anc
| grains, feeds, sheep and lambs.
| Based on 1928 as 100 and 40 com.
m0diies. the index on March ~ wa
| 35.3 per cent. 954 q week ago and 95a:
| two weeks ago
Heard I'm Financial District.
The Columbia National Bank opene,
for business today In It's temporary 10
cation at AT r street northwest. onl
two doors Nest Of It's permanent hOms
which Is " be reconstructed
The New York Stock Exchange hA
received notice from Virginia Electric
Power CO. Of proposed increase ia al
| thorlzed o per cent cumulative pre-
ferred stock 70 t9,5I3,000 from -.
5l5 900
| Washington bankers have been a.
sured the use ~ the famous Ghinnecoc
Rational Golf Course, at South Hamp
ton Long Island. while At their annu.
convention. They are also N be- extende
the c0urJcgies of the Maidstone Go
CqUrae. at East Hampton with th
Montsuk Manor HOtel Inks. the bsns
efs WiIl have three fine courses II
afternoon diversion.
Tie manner IN which Eew York ban
sD0cka have jumped into the limellgf
ln the past two weeks has caused wic
comment among bankers IN this city.
--e-7-zs- s-s==-as4