Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-11
Trading |SL|VELY
! ON D. c. EXCHANGE
Credit Men to Hold Special
SesSion-RegionaI Savings
Program Announced.
BY EDWARD C. STONE.

Heavy trading in the stock of tn
Security Storage Co. featured the ses
sion of Washington Stock Exchange to
day. The stock figured in IA differcn
transactions, varying from single shar
to a 40-share block. The marke
opened with the single share selling a
125. The stock then sold off steadll
until it closed at 1908. Sales totale'
l76 shares.
Capital Traction opened the week
IO4. SO shares of Washington RallWa.
& Electric preferred came out at 9G Ii
Potomac Electric Power per cen
preferred moved at 113 and the 81 pc
cent issue at 1895. Three shares o
Washington Gas appeared on the boarf
at 11334.
Five Shares of Riggs I-ational Ban}
stock came out at 573. The only othel
hank stock was the Bank of Bethesda
which opened at 80 and closed at 81 =
Mergenthaler sold at 108 Federal-Amer
lean Co. preferred at 1885,, and Mer'
chants Transfer & Storage preferred
at 1902.
hands at 121, and IA shares OF Iermlfla
Refrigeration &Warehousing Corpora
ton moved at 52l4, somewhat under re-
cent levels. Only two bonds sales were
recorded. at $500 turnover in Capital
Traction SIS at par and - and a Sl,0ol
sale in WASHINGTON Gas Light SIS al
101la.
Credit Men to Hold Meeting.
The delegates from Washington <
the eleventh annual district conference
of the fifth district of the Nationa
Association of Credit Men left fol
Lynchburg, Va, early this afternoon.
Frederick p. H. Siddons, secretary Of
The American Security & Trust Co. ane
@ director of the Washington ASsocla'
ton of Credit Men, has been chosen
by the local body to speak on "The
Moral Risk in Business"
Ten local units of the National Asso-
citation of Credit Men comprise the fifth
district. AT the conference will be del
egates from Charlotte, Greensboro
Winston-Salem, High Point, N. G.
Roanoke, Richmond, Norfolk, Lynch
burg, Baltimore and washington.
Delegates From Washington.
The following delegates have been Sc
lected by the Washington association
to represent the Nations Capital at the
conference: F. H. Meyer, Lister T,
Watts, Charles W. Clayton, Louis M
Hewlett, F. P. H. Siddons, r. Jesse
CLANCY, John A. Reilly, John N. Auth.
Waldo J. Tastet, Frank w. White, H. S,
Lane, John Schlotterbeck, Paul j. Eich-
horn and I. G. Blumer. The chairman
of the delegation is Frank w. White,
who is the national councillor from
Washington. John A. Reilly, secretary
of the local association, will act as Sec
rotary to the delegation.
The day following the conference a
meeting will be held of the presidents,
councillors. secretaries and member
ship chairman of each association rep
resenting the fifth district. From Wash
ington at this conference will be Lister
r.. Watts, president of the local asso-
citation; F. w. White, national council
or; John A. Reilly, secretary, and
Charles w. Clayton, membership chair
man.
Bankers to Study Savings.
81 An Eastern regional savings confer
division of the American Bankers As
sociation at the Commodore Hotel in
New York, March 21-22, to consider
questions of Importance to all bankers
interested in savings. The District of
Columbia, Maryland and West Virginia
are included in this group.
Taylor r. Durham of Chattanooga,
president of the A. B. A. savings bank
division, will discuss the increased inn
portance of savings: James P. Hart of
Fail River, Mass, will talk on Are
Christmas and Other Savings Clubs
Changing the Savings Habits of the
People, and if so, for Better or Worse"
The value of branch banks in the saw
1ngs bank business, a new installment
plan for purchasing homes, uniform
methods of figuring interest on savings,
budgeting in the home made attractive
and practical and a host of other SUBJ
Jects are to receive special attention
during the sessions.
Orrin Lester, vice president of the
Bowery Savings Bank, who spoke in
washington two years ago, will speak on
'Successful Employees Contests"
/ Insurance Men to Meet.
The District Life Underwriters Asso-
citation viii hold its next meeting
Thursday at the Arlington Hotel, begin
ming at $50 o'clock. Hogan j. johnson
of Pittsburgh will be the guest speaker
On the subject: How to Earn $25 ,00(
q Year in the Life Insurance Business. >
He has charge of 80 agents in his home
city and is connected with the Penn
Mutual. The notice of the meeting
sent out by President A. l.. Baldwin Of
the local association. says: ANY agent
who is earning less than $4,000 yeal
should be sure to hear Mr.. johnson
speak" Will such an invitation NEAR
p large or small attendance?
On Friday, May 3, the Washington
association is to cooperate with the
Baltimore organization in a sales con-
ference to be held at the Lord Balti-
more Hotel In the Monument City.
t National City Co. Offering.
/ The National City Co. is offering
today at 93l2 and interest to yield GA
per cent to maturity, $10,000,G00 Re
public of Chile external sinking fund ,
per cent gold bonds due March l, 1862
Proceeds from the sale of the bonds ant
of f2,000,000 being offered Simultane
ouSly in the London market by N. M
Rothschild & Sons will be used for tn
construction Of public works, railways
irrigation works. port, sewage and waite
works and public buildings.
The Chilean government is engages
on a comprehensive program of publ
works construction authorized by lay
which provides for the expenditure o
225 100000 pesos ($27,274,062 durin!
the current year.
Good Second Quarter Seen.
An analysis of 900 corporations il
40 different industries indicates tina
net profits last year showed a 1913 pc
cent gain over 1927 according to thi
weeks United Business Service report
With the very prosperous conditions ex
listing in basic industries, however, Their
is every reason to expect continue
high level of industrial activity an
general business through the first tW
quarters of 1929.
Business Map Extra Clear.
The business map, published by tn
Chamber of Commerce of the Unite
States, shows only one little black spC
west Of the Mississippi River. Their
are more white spots than in Ion