Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-23

preferred at 1861 A
and LOG in odd-lot kSs<A'az>A---z ~
trading Real Es- Claude II. Woodward
tate Title Insurance
Co, sold at 225 and 220. Federal-Ameri
can Co. common moved at 50 ana IN
preferred at 101 and 100.
Three bank stocks appeared on IN
hoard. Columbia National coming GU
for the first time in several months
ave shares selling at 4021s; Liberty Ma
tional registered $50 and Federal-Amer
lean National 335.
In the bond department Washington
Gas IS. series B, sold at lob, 1884 ant
1885,. Washington Railway d ElecLrl'
as recorded a 1000 sale at 1854. Tn
final sale was in $4,000 AnacosVla @
Potomac Railroad IS at 95.
w T Burns. president of the Burns
Grain Co. of Omaha Nebr., was WIS
itor TODAY and was granted the courtes!
of the floor. Omaha is making an ell
fort to establish a local exchange ane
Mr. Burns is here in the interest Of
this move.
Convention Reservations Speed Up.
Claude H. Woodward president OF the
Mount Vernon Savings Bank and cnar
man of the transportation commlttee
for the coming eleventh annual con-
vention of the District Bankers ASSo-
citation. reports that reservation appH-
cations for the big event nave peer
coming in much more rapidly curing
the past few days. Between now ano
early in June enough more resesvSSlons
are expected to make the attenoanct
This wear as large, and probably larger
than a year ago.
Convention plans have advanced 1ai
enough so that the bankers now know
what to expect in the way OF business
session discussions and entertainment
The snorts committee, of which Freezer.
ick II. Cox, cashier Of the Commercial
National Bank, is chairman mas Jus.
announced an unusually nteres.iils
card of events The Montauk program
viii start on Thursday afternoon, June
90 with the top-spinning contest 1oi
the E. B. Mclean Cup.
This event will take place at 81 pm.'
tn be followed at 2 pm. by a gol Jour
nament for the Pop" Fleming Cup ane
elimination tennis matches at z pm
In the "Pop" Fleming tournament there
win also be prizes for second low net
third low net and low gross scores.
At 2 pm. Friday, June Il, tne 10
hole tournament for the hlpps CUP WI
he played, This Is a medal play nandl'
can event and other prizes Will d
awarded for low gross, low net and sec
ond low net. Tennis elimination con
tests will continue at 2:3o pm.
ON Saturday morning, June. ~, az u
am. the ladies' outdoor putting con
test win be staged, and at pm. tn
great bankers handicap golf tournamen
will take place. This is an IL consecu
tive hole event, divided into two classes
Glass "a" played for the Herbert Shan
non Cun. is for players handicapped
at ia. and class 'B," played for tn
L. p. McLachlen Cup. for players handi
capped from 10 to "a. There VIII D.
other prizes provided in both OF thes'
classes. .,
Tennis finals, the winner to be
awarded the Coleman Jennings Cup
are set for Saturday. There also will be
a prize for the runner-up IN THESE
matches. The Richard Hatton Cup, OF.
fered for the first time this year, VIII
be awarded to the golf player making
the lowest net score for 81 holes in aft
ernoon rounds of Thursday, Friday and
Saturday.
Chairman Cox stated yesterday thai
the privileges of three golf clubs within
easy reach of the hotel at Montauk
Beach had been arranged for those at
tending the convention.
Federal Trade Commission Rushed.
The Federal Trade Commission hac
which was the largest number since
September, 1925, according to IT.
monthly statement of work
The situation in regard to the com
MISSIONS chain store inquiry Is some
what better than a month ago. 1t re.
ceived 1000 letters in April from whole.
salers throughout the country In re-
Spouse to its QUESTIONABLE. The com
mission sent out a total OF 10000 ques'
tionnaires.
During the month a study OF rela'
lions between utility groups and serv'
ice organizations was completed Tor ST.
companies in New York City. In TIT
latter part of April work was begun II
New Orleans on the Louisiana Power
e. Light Co. and in Chicago on thu
American Light & Power Co.
Capitol Title Control Changes.
The New York Title & Mortgage &C
has acquired a controlling interest II
the Capitol Title & Guarantee Co. o
Washington. according to announce
ment by Eliot H. Thomson, treasurer o
the local company, which was estab
lished about year and has made eX
cellent progress since that time.
William H. McNeal of New York, nov
represents the interests Of the New Yor
organization on the board OF director
of the local company. The New Yor
concern is one of the largest of the kim
in the country.
No change is contemplated in tn
management of the Capitol Title
Guarantee Co., by reason of the larg
interest acquired by the New Yor
company. Mr.. Thomson stated. IN
New York organization has been insur
ing titles for the past IL years and tn
local organization will continue as II
representative here.
Motor Output Breaks Record.
Automobile production in the Unite
States last month again broke all rec
ordS Reports to the Department G
Commerce show the number produce
was 620,656, consisting of 537,225 pas
senger cars. 8l,977 trucks and AS
taXicabs This total, compared wit
584, GOT passenger cars, trucks and taxi
cabs in March. the previous high rec
ord, and 4l0,104 in April, 1928.
Production for the first four month
Of 1929 also set new record. tn
number produced was 2,072,94l, CON
pared with 1892 for the SAN
period last year. Reports were receive
from ISL manufacturers in the Unite
States.
Heard in Financial District.
The George A. Fuller Co. has d,
clared a participating dividend Of $2.t
share and regular quarterly divider
of $3.50 a share on the PARTICIPATE
prior preferred stock as well as a pa
ticipating dividend Of 81 go a share ar
a regular quarterly OF $3.50 on the pa
ticipating second preference stock, q
payable July l.
Life insurance trusts will come in f
a very thorough discussion at the NEE
ing Of the fiduciaries section of the Di
.rict Bankers Association tomorrow ev
ming at the willard. the program beil
preceded by dinner. Chairman ST.
dons of the fiduciaries section expec