The Washington times., 1928-05-29
READY
FOR ANNUAL
RALLY
By RICHARD HATTON


FINAL reports Of chairmen of tbs
several special committees afrang
ins details for the tenth annual
convention 81 the District Of Colum
bla Bankers Association were made
70 Edward McQuade general
convention chairman. at an iilforrnal
dinner given by Mr. NIcQuade Al
tho Racqr1et Club last night With
out exception those Id charge q
special features DC the convention
announced their programs com
pleted and arrangements satistac'
troy.
Because 81 the rush oE re.
quests Tor reservations which Is
continuing and which promises to
keep up during the remaining days
Il was impossible for the trans.
porkakion committee, of which
Lawrence Slaughter Is chair
man, to submit final figures as g
the number who will attend the
convention, but It IS definitely estaD.
liEhed that the record Of last year
WIN 81 broker. and that the Mon.
&auk Beach affair viii surpass al
previous gatherings Of the assocla-
ton. IN this connection was
stressed last night that next sattlr-
day IS the last day upon Wnlcn
requests for reservations Will pe
received It therefore, behO0ves az
81 those desiring to attend e get
their requests III the hands q
Chairman Slaughter within the next
FINAL Can Out
GEORGE b. vas chairman Of the
Ht.h1fcifu conlrlittees has sent OUT
the final cal in neat Iolaer
which reached all members ct the
association Yesterday and which.
e6i1l. informs them that the
Ni5eciaI train viii leave Washing
tor fDr Montauk Beach At p. m.
Shafp. wednesday, June 6. arriving
the Long Island resort ial time
for brea 1xfask the next nlofIlln 4.
This folder. also, states that June
the last date upon winch
reservations may be made.
Special interest was al Is. 49,
1T the dinner last NIGHT ~ tns
report &c EhalEflRn Jonn n - 3 ",
a6n IS the enferta1 cQsLit e
4e6 nefsils az the work of this
COMMITTEES have been lllous ana
TnlifSTe hensire and tile results
which will be disclosed durlils kne
everai days Of the coIlveafaon
promise 10 stirpasS ii interest any
previous program l.
AZ III encOnrag cement 10 women
In banks III YVashingto 70 a0NanSe
f3sesl9enIven along educational lines
fI9n BaYsay Women Il Club 0f Wash
ir0fo1l has decided to offer g prize
81 <25 ii gold to the woman re-
eefvine the highest grade Ia tne
standard course Of washington
Chapter American Institute g
Banking
Prize Stimulus
Is believed By the club that
4lse presentation Of this prize VIII
Sc ! great stimulus to students AZ.
ready attending classes. as well
a. an incentive 70 other bank
RE chapter and complete the
~ Y further inspiration TO Wash
s1ff ton bank women. the CLUB
n4af1ises q similar prize for the
~farsdard course Tor the year end
m Nay. 1923. which prize VIII pc
r1eereflted ia the fall Of 1923.
wlne club intends holding large
4asd ra4sfv for the purpose bf rails
.Irv this fund Miss Mildred y.
vVnodcucls. American Security and
Trust Company. was appointed
chairman of the special committee
an arrangements.
The club will appreciate the CO.
operation 81 All bank people IN this
effort.
The nervousness of the stock
market IN the face of higher re-
discount rates and expanding
brokers' loans indicates the pos
siioiIity 81 sharp breaks. The
Rr0oknaire Economic Service, 1nc.s
~avs. The economists. however,
vvarn the investor that sit is no
Time Is get paniclxy and lose 20.
aitiOn iii strong. growing indus
Outlook Favorable
Many stocks are in . buy
Ing position and the business
outlook is fairly favorable. The
voIurne of shares traded on the
New York Stock Exchange g
date Is running about 100 900 900
s sI1ares 81 nearly SO per cent
ahead Of 1927 and trading I'm April
ran over $4,000. 900 shares. az
nrairfst less than 50.O00.000 for
A y,.iI. 1927. Speculation In many
r1Fngnodities and on foreign ex-
changes has been as usually
heavy. 1t is clear. therefore. that
this fever OF speculation is not
merely Lcal or an incidental
matter; but rather a worldwide
movement. Stock representing In.
4ernational enterprises will be es-
necfally attractive IL bought dur
Ing the reactions.
The entire personnel OF I h e
American Security and Trust Com.
many win be guests Of President
Gorcoran Thorn tomorrow on an
outing at Sherwood Forest.
Riggs Bank stock established
another high yesterday when sew.
eral shares changed hands on the
local exchange at $50.
According to Edward q. Yon'
ter. president of the Sanitary
Grocery Company, there il no
foundation for the rIimor that
his company is contemplating a
merger with several other gro.
cery chains.
y y